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2021-03-31-accounts

Company Registration Number - 03764270

The Charity Registration Number is - 01101711

South Dorset Community Sports Trust Limited

Report and Accounts

31 March 2021

South Dorset Community Sports Trust Limited

Report and accounts for the year ended 31 March 2021

Contents

Page
Charity information 1
Trustees' Annual Report 1
Statement of directors' responsibilities 7
Independent Examiner's Report 9
Funds Statements:-
Statement of Financial Activities 11
Statement of Financial Activities - Prior Year statement 12
Movements in funds 14
Revenue Funds 14
Income and Expenditure account 15
Balance sheet 16
Notes to the accounts 17

South Dorset Community Sports Trust Limited

Company Registration Number - 03764270

Trustees' Annual Report for the year ended 31 March 2021

The Trustees present their Report and Accounts for the year ended 31 March 2021, which also comprises the Directors' Report required by the Companies Act 2006.

Reference and administrative details

The charity name.

The legal name of the charity is:- South Dorset Community Sports Trust Limited.

The charity is also known by its operating name, Osprey Leisure Centre. The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 01101711.

The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as a company limited by guarantee, registered under the Companies Acts . The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation. There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

By operation of law, all trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.

The trustees are all individuals.

1

South Dorset Community Sports Trust Limited

Company Registration Number - 03764270

Trustees' Annual Report for the year ended 31 March 2021

The principal operating address, telephone number, email and web addresses of the charity are:-

Osprey Leisure Centre

Castletown, Portland Dorset, DT5 1BD Telephone 01305 824378

Email Address info@ospreyleisure.co.uk Web address www.ospreyleisure.co.uk

The registered office of the charity for Companies Act purposes is the same as the operating address shown above.

The Trustees in office on the date the report was approved were:-

Mr A Beeson

Dr P Mason Mr R Burgess Mr P Laming Mrs K McFarlane

The following persons served as Trustees during the year ended 31 March 2021 :-

The trustees who served as a trustee in the reporting period, and, if applicable, their dates of appointment or resignation during the year were:-.

Name

Appointed

Resigned/Retired

Mr A Beeson

Dr P Mason Mr R Burgess Mr P Laming Mrs K McFarlane

Mr B Anstey 31 January 2021

All the trustees are also members of the charity.

2

South Dorset Community Sports Trust Limited

Company Registration Number - 03764270

Trustees' Annual Report for the year ended 31 March 2021

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

The principle object of the charity as set out in the Memorandum and Articles of Association, is the provision of leisure facilities.

The main activities undertaken in relation to those purposes during the year.

The Charity has continued to manage and maintain the Osprey Leisure Centre on Portland during the year including during the periods of enforced closure.

The main activities undertaken during the year to further the charity's purpose for the public benefit.

In accordance with the Charity Commission's general guidance on public benefit, the Trustees have given due regard to public benefit when planning the Charity's activities. The paragraphs below set out our activities, achievements, and performance during the year, which are directly related to the objects and purposes for which the Charity exists.

The Charity achieves it's principle objects and purposes though the running and management of the Osprey Leisure Centre on Portland and providing leisure opportunities at an affordable cost to the local community.

These benefits are directly related to the aims of the Charity, and are totally compliant with the Charity Commission principles on Public Benefit.

The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.

3

South Dorset Community Sports Trust Limited

Company Registration Number - 03764270

Trustees' Annual Report for the year ended 31 March 2021

The main achievements and performance of the charity during the year.

The main achievements and performance of the charity during the year have included :

4

South Dorset Community Sports Trust Limited

Company Registration Number - 03764270

Trustees' Annual Report for the year ended 31 March 2021

The difference the charity's performance during the year has made to the beneficiaries of the charity and wider society

The charity has benefited the beneficiaries by increasing the availability of leisure activities to the general public, for the wellbeing of the community.

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

The Trust is governed by a board of Trustees. New Trustees are briefed on their legal obligations under company and charity law, the Memorandum and Articles of Association, and the activities and history of the charity.

Bankers

Lloyds Bank plc - St Marys Street, Weymouth, Dorset

Financial review

The charity's financial position at the end of the year ended 31 March 2021

The financial position of the charity at 31 March 2021 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Designated Revenue Funds
Total Unrestricted Funds
Restricted Revenue Funds
Total Funds
Net income
Unrestricted Revenue Funds available for the
general purposes of the charity		 2021
£
(46,294)
144,869
74,834
219,703
10,679
230,382		 2020
£
5,965
191,163
74,834
265,997
10,679
276,676

Financial review of the position at the reporting date, 31 March 2021 .

The Trust made a loss as a result of the restrictions on trading and periods of closure imposed by the Government as a result of the Covid 19 pandemic. However in the light of these difficulties the Trustees consider that the financial performance of the Charity during the year has been as could be hoped for.

Accordingly, the Trustees consider that the financial performance of the Charity during the year has been satisfactory.

5

South Dorset Community Sports Trust Limited

Company Registration Number - 03764270

Trustees' Annual Report for the year ended 31 March 2021

Policies on reserves.

The charity needs sufficient free reserves to cover 6 months forward expenditure. It is a primary objective of the charity to build up reserves over the next few years, such that the reserves will exceed 12 months operating costs.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Plans For the Future

Summary of plans for the future and the trustees' perspective of the future direction of the charity.

6

South Dorset Community Sports Trust Limited

Company Registration Number - 03764270

Trustees' Annual Report for the year ended 31 March 2021

Details of The Independent Examiner

Grant Taylor FCA

Member of The Institute of Chartered Accountants in England and Wales

23 Whitehill Puddletown Dorchestser Dorset DT2 8SB

Statement of the Directors Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-

7

South Dorset Community Sports Trust Limited

Company Registration Number - 03764270

Trustees' Annual Report for the year ended 31 March 2021

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 11 to 30.

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102,

These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

This report was approved by the board of trustees on 24 November 2021.

Mr A Beeson Director and Trustee

8

South Dorset Community Sports Trust Limited

Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 March 2021

I report to the Trustees on my examination of the financial statements of the charitable company on pages 11 to 30 for the year ended 31 March 2021 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 17.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 7, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-

a) examine the financial statements of the charity under Section 145 of the Act;

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of Independent Examiner's Statement and scope of work undertaken

Since the charitable company's gross income exceeded £250,000, the charitable company's examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am an authorised member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

9

South Dorset Community Sports Trust Limited

Independent Examiner's Statement, Report and Opinion

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;

The gross income of the charitable company in the year ended 31 March 2021 appears to exceed the sum specified in Section 145(3) of the Act, namely £250000, and that I am qualified to act as Independent Examiner in accordance with that section by virtue of my being a qualified member of The Institute of Chartered Accountants in England and Wales;

This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-

accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011;

the financial statements do not accord with those records; or

the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination;

have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Signed:-

Grant Taylor FCA - Independent Examiner

Member of The Institute of Chartered Accountants in England and Wales

23 Whitehill Puddletown Dorchestser Dorset DT2 8SB

This report was signed on 7 December 2021

10

South Dorset Community Sports Trust Limited - Statement of Financial Activities for the year ended 31 March 2021

Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 March 2021, as required by the Companies Act 2006)

Current year
Unrestricted
Funds
2021
£
Income & Endowments from:
Donations & Legacies
A1
118,595
Charitable activities
A2
169,779
Investments
A4
6
Total income
A
288,380
Expenditure on:
Charitable activities
B2
334,674
Total expenditure
B
334,674
Net income for the year
(46,294)
Net income after transfers
A-B-C
(46,294)
(46,294)
Reconciliation of funds:-
E
Total funds brought forward
265,997
Total funds carried forward
219,703
SORP
Ref
Net movement in funds		 Current year
Restricted
Funds
2021
£
-
-
-
-
-
-
-
-
-
10,679
10,679		 Current year
Total Funds
2021
£
118,595
169,779
6
288,380
334,674
334,674
(46,294)
(46,294)
(46,294)
276,676
230,382		 Prior Year
Total Funds
2020
£
41,901
477,387
8
519,296
513,331
513,331
5,965
5,965
5,965
270,711
276,676

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All the prior year transactions were unrestricted items, and no further analysis is required

All activities derive from continuing operations

The notes attached on pages 17 to 30 form an integral part of these accounts.

11

South Dorset Community Sports Trust Limited - Statement of Financial Activities for the year ended 31 March 2021

Income & Endowments from:
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Investments
A4
Other
A5
Total income
A
Expenditure on:
Raising funds
B1
Charitable activities
B2
Other
B3
Tax on surplus on ordinary activiti
B3
Other taxation
B3
Total expenditure
B
B4
Net income for the year
Transfers between funds
C
Net income after transfers
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward
Net movement in funds
SORP
Ref
Net gains on investments		 Prior Year
Unrestricted
Funds
2020
£
41,901
477,387
-
8
-
519,296
-
513,331
-
-
-
513,331
-
5,965
-
5,965
5,965
260,032
265,997

 Prior Year
Restricted
Funds
2020
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
10,679
10,679		 Prior Year
Total Funds
2020
£
41,901
477,387
-
8
-
519,296
-
513,331
-
-
-
513,331
-
5,965
-
5,965
5,965
270,711
276,676

All activities derive from continuing operations

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

The notes attached on pages 17 to 30 form an integral part of these accounts.

12

South Dorset Community Sports Trust Limited - Statement of Financial Activities for the year ended 31 March 2021

South Dorset Community Sports Trust Limited - Resources applied in the year ended 31 March 2021 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Other applications of funds
Net resources available to fund charitable activities		 2021
£
(46,294)
(240)
-
(46,534)		 2020
£
5,965
(7,247)
-
(1,282)

The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.

The notes attached on pages 17 to 30 form an integral part of these accounts.

13

South Dorset Community Sports Trust Limited - Statement of Financial Activities for the year ended 31 March 2021

Movements in revenue and capital funds for the year ended 31 March 2021

Revenue accumulated funds

Accumulated funds brought forward
Closing revenue funds
Recognised gains and losses before
transfers		 Unrestricted
Funds
2021
£
265,997
(46,294)
219,703
219,703		 Restricted
Funds
2021
£
10,679
-
10,679
10,679		 Total
Funds
2021
£
276,676
(46,294)
230,382
230,382		 Last year
Total Funds
2020
£
270,711
5,965
276,676
276,676

Designated revenue funds included within the unrestricted funds above

At 1 April
At 31 March		 Total
Funds
2021
£
74,834
74,834		 Last year
Total Funds
2020
£
74,834
74,834

The purposes for which these funds have been designated are described in Note 19 to the accounts.

Summary of funds
Unrestricted
and
Designated funds
2021
£
Revenue accumulated funds
144,869
Revenue designated funds
74,834
Total funds
219,703		 Restricted
Funds
2021
£
10,679
-
10,679		 Total
Funds
2021
£
155,548
74,834
230,382		 Last Year
Total Funds
2020
£
201,842
74,834
276,676

The notes attached on pages 17 to 30 form an integral part of these accounts.

14

South Dorset Community Sports Trust Limited - Statement of Financial Activities for the year ended 31 March 2021

South Dorset Community Sports Trust Limited Income and Expenditure Account for the year ended 31 March 2021 as required by the Companies Act 2006

Income
Income from operations
Refunds from HMRC on gift aided donations
Interest receivable
Gross income in the year before exceptional items
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Governance costs
Interest payable
Realised losses on disposals of social investments which are programme related
Total expenditure in the year
Tax on surplus on ordinary activities
Retained surplus for the financial year
Net income after tax in the financial year
Net income before tax in the financial year
Investment income and interest		 2021
£
288,374
-
6
288,380
288,380
312,008
13,992
4,480
4,194
-
334,674
(46,294)
-
(46,294)
(46,294)		 2020
£
519,288
-
8
519,296
519,296
479,959
16,397
14,180
2,795
-
513,331
5,965
-
5,965
5,965

All activities derive from continuing operations

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 17 to 30 form an integral part of these accounts.

15

South Dorset Community Sports Trust Limited - Balance Sheet as at 31 March 2021

Note
SORP
Ref
Fixed assets
A
Tangible assets
11
A2
Current assets
B
Debtors
12
B2
Cash at bank and in hand
B4
Total current assets
Creditors: amounts falling due within
one year
13
C1
Net current assets
Creditors: amounts falling due after
more than one year
14
C2
The total net assets of the charity
Net assets
2021
£
228,293
13,078
52,233
65,311
(30,850)
34,461
262,754
(32,372)
230,382		 2020
£
242,045
21,706
93,601
115,307
(41,503)
73,804
315,849
(39,173)
276,676

The total net assets of the charity are funded by the funds of the charity, as follows:-

Restricted funds
Restricted Revenue Funds
17
D2
10,679
Unrestricted Funds
Unrestricted Revenue Funds
17
D3
144,869
Designated Funds
Designated Revenue Funds
17
D3
74,834
Total charity funds		 10,679
10,679
191,163
144,869
74,834
74,834
230,382		 10,679
191,163
74,834
276,676

The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 10.

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Mr A Beeson

Trustee

Approved by the board of trustees on 24 November 2021

The notes attached on pages 17 to 30 form an integral part of these accounts.

16

South Dorset Community Sports Trust Limited

Notes to the Accounts for the year ended 31 March 2021

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Going Concern

The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 December 2020, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.

Risks and future assumptions

The charity is a public benefit entity.

Policies relating to categories of income and income recognition.

Membership subscriptions

The income and any associated Gift Aid or other tax refund from a membership subscription received by the charity in the nature of a gift, is accounted for on the same basis as a donation.

The income from a membership subscription received by the charity where the subscription purchases the right to services or benefits is recognised as income from charitable activities.

17

South Dorset Community Sports Trust Limited

Notes to the Accounts for the year ended 31 March 2021

Policies relating to expenditure on goods and services provided to the charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Policies relating to assets, liabilities and provisions and other matters.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Purchases of less than £100 are not capitalised as a matter of policy.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Leasehold premises 2 % straight line Plant and machinery 20 % reducing balance

A regular annual review of the likelihood of asset impairment is undertaken.

Stocks and work in progress

Stock is valued at the lower of cost and net realisable value.

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Financial instruments including cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

18

South Dorset Community Sports Trust Limited

Notes to the Accounts for the year ended 31 March 2021

Leasing and hire purchase contracts and commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the charity, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pensions - defined contribution schemes

The charity operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

Pensions - defined benefit schemes

Following the handover of the former Boscawen Centre from Weymouth and Portland Borough Council to South Dorset Community Sports Trust on 1 May 2007, all staff were transferred under a TUPE arrangement. Initially four employees were in the Dorset County Council pension scheme, but shortly after the Trust's contract commencement, two resigned their posts and their rights to further contributions from the Trust. Subsequently a further employee resigned, and there is currently only one member in the DCC scheme, which is a defined benefit, final salary scheme based on a 26.6% employer contribution.

Due to the nature of the policy and the historical underfunding of local authorities, Weymouth and Portland Borough Council have officially agreed to act as Guarantor, which was part of the DCC admissions agreement, and without which the Trust would not, and could not, have assumed liability and entered the scheme.

As a result of the above guarantee, no part of the scheme deficit is attributable to South Dorset Community Sports Trust Limited.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law. The cost of raising and administering such funds are charged against the specific fund.

There are no endowment funds.

19

South Dorset Community Sports Trust Limited

Notes to the Accounts for the year ended 31 March 2021

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Significance of financial instruments to the charity's position

There are no significant implications of financial instruments to the charity's financial position or performance.

5 Net surplus before tax in the financial year

2021
£
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets
13,992
Pension costs
5,585
6
Interest payable
2021
£
Loan interest
4,194
7
Staff costs and emoluments
Salary costs
2021
£
Gross Salaries excluding trustees and key management personnel
185,737
Employer's National Insurance for all staff
5,300
Employer's operating costs of defined
contribution pension schemes
5,585
Total salaries, wages and related costs
196,622
The average number of part time staff employed in the year was
22
The average number of full time staff employed in the year was
2
The estimated full time equivalent number of all staff employed in the year was
15
Engaged on charitable activities
15
The estimated full time equivalent number of all staff employed as above
15
The estimated equivalent number of full time staff deployed in different activities in the year was:-		 2020
£
16,397
5,666
2020
£
2,795

2020
£
220,024
8,207
5,666
233,897
33
2
23
23
23

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.

No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.

20

South Dorset Community Sports Trust Limited

Notes to the Accounts for the year ended 31 March 2021

8 Defined contribution pension schemes

The charity operates a defined contribution pension scheme, the costs of which are shown above.

The defined contribution liability is allocated to unrestricted funds and Charitable Activities (provision of sporting activities).

Any liabilites and assets associated with the scheme are shown under debtors and creditors.

9 Defined benefit pension scheme

Following the handover of the former Boscawen Centre from Weymouth and Portland Borough Council to South Dorset Community Sports Trust on 1 May 2007, all staff were transferred under a TUPE arrangement. Initially four employees were in the Dorset County Council pension scheme, but shortly after the Trust's contract commencement, two resigned their posts and their rights to further contributions from the Trust. Subsequently a further employee resigned, and there is currently only one member in the DCC scheme, which is a defined benefit, final salary scheme based on a 26.6% employer contribution.

Due to the nature of the policy and the historical underfunding of local authorities, Weymouth and Portland Borough Council have officially agreed to act as Guarantor, which was part of the DCC admissions agreement, and without which the Trust would not,and could not, have assumed liability and entered the scheme.

As a result of the above guarantee, no part of the scheme deficit is attributable to South Dorset Community Sports Trust Limited.

10 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

21

South Dorset Community Sports Trust Limited

Notes to the Accounts for the year ended 31 March 2021

11 Tangible fixed assets

Current Year
Cost
At 1 April 2020
Additions
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
Prior Year
Cost
02 April 2019
Additions
Disposals
31 March 2020
Depreciation
02 April 2019
Charge for the year
31 March 2020
Net book value
31 March 2020
01 April 2019
12 Debtors
Trade debtors
Prepayments and accrued income		 Land and
Buildings
£
217,538
-
217,538
24,550
4,133
28,683
188,855
192,988
Land and
Buildings
£
217,538
-
-
217,538
16,284
4,133
20,417
197,121
201,254		 Plant &
Machinery
£
292,284
240
292,524
243,227
9,859
253,086
39,438
49,057
Plant &
Machinery
£
272,158
13,299
(420)
285,037
217,444
13,519
230,963
54,074
54,714		 Motor
Vehicles
£
-
-
-
-
-
-
-
-
Motor
Vehicles
£
-
-
-
-
-
-
-
-
-
2021
£
13,078
-
13,078		 Total
£
509,822
240
510,062
267,777
13,992
281,769
228,293
242,045
Total
£
489,696
13,299
(420)
502,575
233,728
17,652
251,380
251,195
255,968
2020
£
17,664
4,042
21,706

22

South Dorset Community Sports Trust Limited

Notes to the Accounts for the year ended 31 March 2021

13 Creditors: amounts falling due within one year
Bank loans and overdrafts
Trade creditors
Accruals
Finance lease and HP contracts
PAYE, NIC VAT and other taxes
14 Creditors: amounts falling due after one year
Finance lease and HP contracts
15 Income and Expenditure account summary
At 1 April 2020
Surplus after tax for the year
At 31 March 2021		 2021
£
144
3,530
17,049
10,127
-
30,850
2021
£
32,372
2021
£
276,676
(46,294)
230,382		 2020
£
272
18,046
13,616
9,140
429
41,503
2020
£
39,173
2020
£
270,711
5,965
276,676

23

South Dorset Community Sports Trust Limited

Notes to the Accounts for the year ended 31 March 2021

16 Particulars of how particular funds are represented by assets and liabilities

At 31 March 2021
Unrestricted
Designated
Restricted
funds
funds
funds
£
£
£
Tangible Fixed Assets
228,293
-
-
Current Assets
(20,202)
74,834
10,679
Current Liabilities
(30,850)
-
-
Long Term Liabilities
(32,372)
-
-
144,869
74,834
10,679
At 1 April 2020
Unrestricted
Designated
Restricted
funds
funds
funds
£
£
£
Tangible Fixed Assets
242,045
-
-
Current Assets
29,794
74,834
10,679
Current Liabilities
(41,503)
-
-
Long term liabilities
(39,173)
-
-
191,163
74,834
10,679
Change in total funds over the year as shown in Note 16 , analysed by individual funds
Funds brought
forward from
2020
Movement in
funds in 2021
£
£
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
191,163
(46,294)
-
Designated Revenue Funds
74,834
-
-
Total unrestricted and designated funds
265,997
(46,294)
-
Restricted funds:-
BA Grant - Solar BV
10,679
-
-
Total restricted funds
10,679
-
-
Total charity funds
276,676
(46,294)
-
Transfers
between
funds in 2021		 Total
Funds
£
228,293
65,311
(30,850)
(32,372)
230,382
Total
Funds
£
242,045
115,307
(41,503)
(39,173)
276,676
Funds carried
forward to
2022
£
144,869
74,834
219,703
10,679
10,679
230,382

17 Change in total funds over the year as shown in Note 16 , analysed by individual funds

24

South Dorset Community Sports Trust Limited

Notes to the Accounts for the year ended 31 March 2021

18 Analysis of movements in funds over the year as shown in Note 17

Unrestricted and designated funds:-
Unrestricted Revenue Funds		 Income
2021
£
288,380
288,380		 Expenditure
2021
£
(334,674)
(334,674)		 Other
Gains &
Losses
2021
£
-
-		 Movement
in funds
2021
£
(46,294)
(46,294)

19 The purposes for which the funds as

Unrestricted and designated funds:-

Unrestricted Revenue Funds

Designated Revenue Funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes.

Restricted funds:-

BA Grant - Solar BV

This fund is to be used in accordance with specific restrictions imposed by the terms of the BA grant.

20 Ultimate controlling party

The charity is under the control of its legal members.

Every member of the charity is obliged to contribute such amount as may be required not exceeding £10 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.

25

South Dorset Community Sports Trust Limited

Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

21 Donations, Grants and Legacies

----- Start of picture text -----
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2021 2021 2021 2020
£ £ £ £
Donations and gifts from individuals
Small donations individually less than £1000 - - - 4,548
Total donations and gifts from - - -
4,548
individuals
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2021 2021 2021 2020
£ £ £ £
Revenue grants from government and
public bodies
-
English Sports Council Lottery Fund 11,375 11,375 26,125
-
Dorset Council Leisure Development Fund 23,389 23,389 5,000
HMRC Coronavirus Job Retention Scheme 83,831 - 83,831 -
Total public sector revenue grants 118,595 - 118,595 31,125
Current year Current year Current year Prior Year
Unrestricted Restricted Total Funds Total Funds
Funds Funds
2021 2021 2021 2020
£ £ £ £
Revenue grants and donations from non
public bodies
Wessex Water - - - 5,000
Lions Club - - - 1,228
Total private sector revenue grants - - - 6,228
Total Donations, Grants and Legacies
Total Donations, Grants and A1 118,595 - 118,595 41,901
Legacies
----- End of picture text -----

26

South Dorset Community Sports Trust Limited

Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015

22 Income from charitable activities - Trading Activities

Current year
Primary purpose and ancillary trading
23
Current year
Total income from charitable trading
Total from charitable activities
A2
24 Investment income
Bank Interest Receivable
Total investment income
A4
Subscriptions
Miscellaneous income
Feed in tariff receipts
Facilities and coaching
Fitness suite
Total Primary purpose and ancillary
trading
Swimming pool income
Rental income
Café income
Recharges for services
Total Income from charitable activities		 Current year
Unrestricted
Funds
2021
£
38,275
47,213
3,367
642
34,823
7,999
23,419
10,611
3,430
169,779
Current year
Unrestricted
Funds
2021
£
169,779
169,779
Current year
Unrestricted
Funds
2021
£
6
6		 Current year
Restricted
Funds
2021
£
-
-
-
-
-
-
-
-
-
-
Current year
Restricted
Funds
2021
£
-
-
Current year
Restricted
Funds
2021
£
-
-		 Current year
Total Funds
2021
£
38,275
47,213
3,367
642
34,823
7,999
23,419
10,611
3,430
169,779
Current year
Total Funds
2021
£
169,779
169,779
Current year
Total Funds
2021
£
6
6		 Prior Year
Total funds
2020
£
156,905
163,461
34,499
39,861
23,483
30,602
16,694
9,817
2,065
477,387
Prior Year
Total Funds
2020
£
477,387
477,387
Prior Year
Total Funds
2020
£
8
8

27

South Dorset Community Sports Trust Limited

Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015

25 Expenditure on charitable activities - Charitable trading

Current Year
Total charitable trading costs
B2b
Café purchases
Swimming pool running costs
Coaches and classes
Gross wages and salaries - charitable
trading activities
Defined contribution pension costs -
charitable trading activities
Employers' NI - charitable trading
activities		 Current year
Unrestricted
Funds
2021
£
3,265
2,229
185,737
5,300
5,585
1,779
203,895		 Current year
Restricted
Funds
2021
£
-
-
-
-
-
-
-		 Current year
Prior Year
Total Funds
Total Funds
2021
2020
£
£
3,265
18,323
2,229
9,738
185,737
220,024
5,300
8,207
5,585
5,666
1,779
6,120
203,895
268,078

28

South Dorset Community Sports Trust Limited

Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015

26 Support costs for charitable activities

Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
2021
2021
£
£
Employee costs not included in direct costs
772
-
-
-
Premises Expenses
1,050
-
44,725
-
1,896
-
13,074
-
Administrative overheads
954
-
396
-
4,274
-
6,884
-
2,301
-
1,992
-
1,041
-
25,806
-
-
-
-
-
-
-
-
-
Professional fees paid to advisors other than the auditor or examiner
1,196
-
480
-
441
-
Financial costs
831
-
4,194
-
13,992
-
Support costs before reallocation
126,299
-
Total support costs - Current Year
126,299
-
The basis of allocation of costs between activities is described under accounting policies
All the expenditure in the prior year was unrestricted.
Equipment,repairs,expenses and maintenance
Other legal and professional
Bank charges
Changing room refurbishment
Stationery and printing
Cleaning and waste management
Rent
Property insurance
Travel and subsistence - staff
Utilities
Training and welfare - staff
Payroll processing fees
Membership subscriptions
Leasing charges
Roof Repairs
Telephone, fax and internet
Computer expenses
Advertising and marketing
Swimming hall lights
Sundry expenses
Depreciation & Amortisation in total for
the period
Refurbishment costs funded by grants
and donations
Book keeping fees
Loan interest		 Current year
Total Funds
2021
£
772
-
1,050
44,725
1,896
13,074
954
396
4,274
6,884
2,301
1,992
1,041
25,806
-
-
-
-
1,196
480
441
831
4,194
13,992
126,299
126,299		 Prior Year
Total Funds
2020
£
2,151
4
1,170
76,373
4,261
10,202
1,220
1,465
3,457
8,778
2,703
6,191
97
27,778
31,125
23,551
415
6,000
2,691
480
461
1,308
2,795
16,397
231,073
231,073
-
-
-

29

South Dorset Community Sports Trust Limited

Detailed analysis of income and expenditure for the year ended 31 March 2021 as required by the SORP 2015

The basis of allocation of costs between activities is described under accounting policies

27 Other Expenditure - Governance costs

Current Year
Independent Examiner's fees
Consultancy fees
Total Governance costs		 Current year
Unrestricted
Funds
2021
£
1,680
2,800
4,480		 Current year
Restricted
Funds
2021
£
-
-
-		 Current year
Total Funds
2021
£
1,680
2,800
4,480		 Prior Year
Total Funds
2020
£
1,680
12,500
14,180

All the expenditure in the prior year was unrestricted.

28 Total Charitable expenditure

Current Year
Total charitable trading costs
B2b
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2
All the expenditure in the prior year was unrestricted.
Prior Year
Total charitable trading costs
B2b
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2		 Current year
Unrestricted
Funds
2021
£
203,895
126,299
4,480
334,674
Prior Year
Unrestricted
Funds
2020
£
268,078
231,073
14,180
513,331		 Current year
Restricted
Funds
2021
£
-
-
-
-
Prior Year
Restricted
Funds
2020
£
-
-
-
-		 Current year
Total Funds
2021
£
203,895
126,299
4,480
334,674
Prior Year
Total Funds
2020
£
268,078
231,073
14,180
513,331		 Prior Year
Total Funds
2020
£
268,078
231,073
14,180
513,331

30