REGISTERED COMPANY NUMBER: 04363173 (England and Wales) REGISTERED CHARITY NUMBER: 1094476 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 FOR ST. JUST & DISTRICT COMMUNITY SPORTS ASSOCIATION LTD (LIMITED BY GUARANTEE) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 ||Page| |---|---| |Report of the Trustees|1 to 2| |Independent Examiner's Report|3| |Statement of Financial Activities|4| |Balance Sheet|5| |Notes to the Financial Statements|6 to 9| **ST. JUST & DISTRICT COMMUNITY SPORTS ASSOCIATION LTD (REGISTERED NUMBER: 04363173)** # **(LIMITED BY GUARANTEE)** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2025** ## **1. Introduction** This report is submitted by the trustees elected at the EGM on 23 November 2024, who served during the final months of the reporting period. The EGM was called due to the risk of closure of St Just Sports Centre. The new trustees adopted a voluntary operating model to stabilise finances and ensure continuity of services. ## **2. Structure, Governance and Management** The charity is a Charitable Company limited by guarantee, governed by its Memorandum and Articles of Association. Trustees, who also serve as company directors, are appointed in accordance with this governing document. A limited handover of governance records and documents created early administrative challenges, which were managed as part of the transition. ## **3. Objectives and Activities** The charity’s purpose is to provide accessible sports and wellbeing facilities for the community. During the year, the centre continued operating the sports hall, gym and classes, introduced a new pricing structure including session passes, and maintained consistent usage. ## **4. Public Benefit Statement** The trustees confirm they have had due regard to the Charity Commission’s guidance on public benefit. The charity promotes health, fitness, and community wellbeing through affordable access to sports and recreational facilities. ## **5. Achievements and Performance** Payroll operations were closed by the end of Q1 2025, enabling the charity to become financially self-sufficient. Insurance premiums were paid in full without external support, and small-scale service improvements were introduced. Instructor changes were managed and new activity options explored. The sports hall received essential cleaning and maintenance. Page 1 ## **6. Significant Events and Challenges** The trustees inherited several operational and personnel issues, including two incidents requiring police involvement, which were resolved promptly. The transition was further complicated by missing documentation relating to the Charity Commission, following a period of more than three years of Commission investigation and supervision. Long-term infrastructure concerns continue, particularly the ageing and currently uninsurable sports hall roof. ## **7. Financial Review** The adoption of a voluntary model strengthened the charity’s financial position, with bank balances increasing across the year. The charity is rebuilding its reserves and intends to implement a formal reserves policy. Income was primarily generated through memberships, passes, classes and facility usage. ## **8. Risk Management** Key risks during the period included governance documentation gaps, infrastructure deterioration, and operational pressures. These were mitigated through strengthened oversight, responsive maintenance, and management of staffing and volunteer support. ## **9. Volunteers** The trustees express their sincere appreciation to the dedicated volunteers who have sustained the charity’s operations. Their commitment remains vital to the charity’s continued service to the community. ## **10.Plans for the Future** The charity aims to continue rebuilding reserves, prioritise essential maintenance, expand activity offerings and strengthen governance and operational processes. ## **Trustees** Mr. S A Shawcross Dr. A R Rowe Page 2 ## ST. JUST & DISTRICT COMMUNITY SPORTS ASSOCIATION LTD ## INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES I report on the accounts of Centre of Pendeen for the year ended 31 January 2025 ## Respective responsibilities of trustees and examiner The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (The 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: - examine the accounts under section 145 of the 2011 Act - follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act and; - to state whether particular matters have come to my attention. ## Basis of independent examiner’s report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below. ## Independent examiner’s statement In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of the 2011 Act - have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ## Laura Parfitt-Marr FMAAT First Floor Front Office, 13-14 Market Place Penzance, Cornwall, TR18 2JB Date: 9[th] December 2025 Page 3 ST. JUST & DISTRICT COMMUNITY SPORTS ASSOCIATION LTD (LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 2025 |Notes
INCOME FROM
Donations and Legacies
2
Charitable Activities
5
Provision of sports facilities
Other trading activities
3
Investment Income
4
Other income
Total
EXPENDITURE ON
Charitable Activities
Provision of sports facilities
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD|Unrestricted
Restricted
2025
2024
Funds
Funds
Total
Total
£
£
£
£
100
-
100
19
49,715
49,715
50,013
500
-
500
136
-
-
-
108
14,575
9,885
64,889
-
50,315
60,161
75,733
-
5,529
-
81,262
-
80,196
10,844
-
5,529
-
16,373
-
20,035
-
33,275
28,709
61,984
82,019
22,431
23,180
45,611
61,984| |---|---| Page 4 r. JUST & DIFfRicf COMMUNITY SPORTS ASSOCIATION LTD (LIMITED BY GUARANTEE) BALANCE SHEFr AS AT 31 JANUARY 2025 Unrestricted Funds Restrlcted Funds 2025 Total 2024 Total Notes FIXED AssFrs Tangible assets 22,380 22,391 27.954 CURRENT ASSETS Stocks Debtors Cash at bank and In hand 10 45 5.757 17.688 23,501 45 5,757 18,488 46,681 45 7,958 28,500 36.503 800 23,180 CREDITORS Amounts falllng wlthln one year NEf CURRENT ASSErs 12 1.070 1.070 2.473 22,431 23.180 45.611 34,030 NET ASSErs 22,431 23.180 45,611 61,984 FUNDS Unrestrlcted funds Restrlcted funds 13 33.275 28,709 TOTAL FUNDS 61,984 The charStable company 55 entltled to exemptlon from audlt under Sectlon 477 OF the Companle5 Act 2006 for the yearended 31 January 2025, The members have not requlred the company to obtaln an audll of115 flnonclll statements for the year ended31 January 2025 In accordance wlth Sectlon 476 of the Companles Act 2006. The tNstees acknowledge thelr responslbllStle5 for lal ensurln8 that the Charltable company keeps accounlln8 records that comply wllh SectSon$ 386 and 387 of thecompanles Act 2006 and (bl prep8rlng flnanclal 5taternent5 whlch 8Sve a true and falr vlew of the state of affalrs of the ch8rltable company as at the end of each ftnanclal year end of It$ surplus or defSclt for each flnandal year In accordance wlth the rÈqulrÈments of Sectlons 394 and 395 and whlch otherwlse comply wlth the requlrements of the Companles Act 2006 rÈlatln8 to flnancl81 statements, $0 far 8$ 8ppIIc8ble to the charltable company. These Ilnanclal statements have been prepared In &¢cordance wlth the provl$Sons appllcable to charltable companles subject to the small companles re8lme. The flnanclal 5tatement5 were approved by the B and were slgned on Its behalf by ustee nd authorlsed for Issue on Page NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 ## 1. ACCOUNTING POLICIES ## Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS I 02, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS l 02) (effective I January 20 I 9)', Financial Repo1ting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Solar panel equipment - 5% on cost Other equipment at varying rates on cost Computer equipment - Straight line over 3 years ## Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## Taxation The charity is exempt from corporation tax on its charitable activities. ## Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restictions arise when specified by the donor or when funds are raised for particular restricted purposes. Futher explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 6 |2. DONATIONS AND LEGACIES||| |---|---|---| ||2025|2024| ||£|£| ||100|19| |3. OTHER TRADING ACTIVITIES||| ||2025|2024| ||£|£| |Fundraising events|500|136| |4. INVESTMENT INCOME||| ||2025|2024| ||£|£| ||-|108| |5. INCOME FROM CHARITABLE ACTIVITIES||| ||2025|2024| ||£|£| |Grants|3,000|750| |Gym Membership|19,502|22,270| |Recreational Fees|30,875|26,993| |6. DEPRECIATION||| ||2025|2024| ||£|£| ||5,600|5,614| ## 7. TRUSTEES' REMUNERATION AND BENEFITS None of the trustees received payment in the year or previous year in connection with their duties as a trustee. Trustees' expenses There were no trustees' expenses paid for the year ended 31 January 2025 nor for the year ended 31 January 2024. ## 8. STAFF COSTS The average monthly number of employees during the year was as follows: |Staff|2025
2024
3
3| |---|---| No employees received emoluments in excess of £60,000. Page 7 ## 9. TANGIBLE FIXED ASSETS |Solar Panel
Equipment
Other
Equipment
COST
At 1 February 2024 to 31st January 2025
111,130
52,803
DEPRECIATION
At 1 February 2024
83,348
52,631
Charge for year
5,556
43
At 31 January 2024
88,904
52,674
NET BOOK VALUE
At 31 January 2025
22,226
129
At 31 January 2024
27,782
172
10. STOCKS
Stocks
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade Creditors
Social Security and Other taxes
Accrued expenses|Computer
equipment
Total
861
164,794
861
136,840
5,599
861
142,439
-
22,355
27,954
2025
2024
£
£
45
45
2025
2024
£
£
-
496
5,757
7,462
5,757
7,958
2025
2024
£
£
701
865
431
-
322
800
1,286
1,070
2,473| |---|---| Page 8 ## 13. MOVEMENT IN FUNDS |13. MOVEMENT IN FUNDS|||||| |---|---|---|---|---|---| |||||Net|At| ||At|1/2/2024||Movement|31/01/2025| |||||In Funds|| |Unrestricted funds||£||£|£| |General fund||33,275|-|10,844
|22,431| |Restricted funds|||||| |Capital fund||28,709|-|5,529
|23,180| |TOTAL FUNDS||61,984|-|16,373
|45,611| |Net movement in funds, including in the above are as follows:|||||| |Unrestricted funds|Incoming
Resources|||Resources
Expended|Movement
in funds| |General fund||64,889|-|75,733
|10,844
-| |Restricted funds|||||| |Capital fund||-|-|5,529
|5,529
-| |TOTAL FUNDS||64,889|-|81,262
|16,373
-| Page 9