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← South Dorset Community Sports Trust Limited

2024-03-31-accounts

Company Registration Number - 03764270 03764270 The Charity Registration Number is - 01101711

South Dorset Community Sports Trust Limited

Report and Accounts

31 March 2024

South Dorset Community Sports Trust Limited

Report and accounts for the year ended 31 March 2024

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 2024

The Trustees present their Report and Accounts for the year ended 31 March 2024, 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 2024

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 Mrs K McFarlane Ms C Smith Mr P Goss

The following persons served as Trustees during the year ended 31 March 2024 :-

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 (resigned 28 July 2024) Mrs K McFarlane

Ms C Smith

Mr P Goss (appointed 1st June 2023)

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 2024

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 2024

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 2024

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 2024

The financial position of the charity at 31 March 2024 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		 2024
£
48,389
241,157
74,834
315,991
10,679
326,670		 2023
£
8,662
192,771
74,834
267,605
10,679
278,284

Financial review of the position at the reporting date, 31 March 2024 .

The Trust made a surplus and the Trustees consider that the financial performance of the Charity during the year and under Covid restrictions has been better than 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 2024

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 2024

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 2024

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 31.

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 13 December 2024.

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 2024

I report to the Trustees on my examination of the financial statements of the charitable company on pages 11 to 31 for the year ended 31 March 2024 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 2024 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 13 December 2024

10

South Dorset Community Sports Trust Limited - Statement of Financial Activities for the year ended 31 March 2024

Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 March 2024, as required by the Companies Act 2006)

Current year
Unrestricted
Funds
2024
£
Income & Endowments from:
Donations & Legacies
A1
3,921
Charitable activities
A2
546,579
Investments
A4
1,700
Total income
A
552,200
Expenditure on:
Charitable activities
B2
503,811
Total expenditure
B
503,811
Net income for the year
48,389
Net income after transfers
A-B-C
48,389
48,389
Reconciliation of funds:-
E
Total funds brought forward
267,605
Total funds carried forward
315,994
SORP
Ref
Net movement in funds		 Current year
Restricted
Funds
2024
£
-
-
-
-
-
-
-
-
-
10,679
10,679		 Current year
Total Funds
2024
£
3,921
546,579
1,700
552,200
503,811
503,811
48,389
48,389
48,389
278,284
326,673		 Prior Year
Total Funds
2023
£
15,281
491,303
137
506,721
498,059
498,059
8,662
8,662
8,662
269,619
278,281

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 31 form an integral part of these accounts.

11

South Dorset Community Sports Trust Limited - Statement of Financial Activities for the year ended 31 March 2024

Income & Endowments from:
Donations & Legacies
A1
Charitable activities
A2
Investments
A4
Other
A5
Total income
A
Expenditure on:
Charitable activities
B2
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
2023
£
15,281
491,303
137
-
506,721
498,059
498,059
-
8,662
-
8,662
8,662
258,940
267,602

 Prior Year
Restricted
Funds
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
10,679
10,679		 Prior Year
Total Funds
2023
£
15,281
491,303
137
-
506,721
498,059
498,059
-
8,662
-
8,662
8,662
269,619
278,281

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 31 form an integral part of these accounts.

12

South Dorset Community Sports Trust Limited - Statement of Financial Activities for the year ended 31 March 2024

South Dorset Community Sports Trust Limited - Resources applied in the year ended 31 March 2024 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		 2024
£
48,389
(18,846)
-
29,543		 2023
£
8,662
(8,929)
-
(267)

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 31 form an integral part of these accounts.

13

South Dorset Community Sports Trust Limited - Statement of Financial Activities for the year ended 31 March 2024

Movements in revenue and capital funds for the year ended 31 March 2024

Revenue accumulated funds

Accumulated funds brought forward
Closing revenue funds
Recognised gains and losses before
transfers		 Unrestricted
Funds
2024
£
267,605
48,389
315,994
315,994		 Restricted
Funds
2024
£
10,679
-
10,679
10,679		 Total
Funds
2024
£
278,284
48,389
326,673
326,673		 Last year
Total Funds
2023
£
269,619
8,662
278,281
278,281

Designated revenue funds included within the unrestricted funds above

At 1 April
At 31 March		 Total
Funds
2024
£
74,834
74,834		 Last year
Total Funds
2023
£
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
2024
£
Revenue accumulated funds
241,160
Revenue designated funds
74,834
Total funds
315,994		 Restricted
Funds
2024
£
10,679
-
10,679		 Total
Funds
2024
£
251,839
74,834
326,673		 Last Year
Total Funds
2023
£
203,447
74,834
278,281

The notes attached on pages 17 to 31 form an integral part of these accounts.

14

South Dorset Community Sports Trust Limited - Statement of Financial Activities for the year ended 31 March 2024

South Dorset Community Sports Trust Limited Income and Expenditure Account for the year ended 31 March 2024 as required by the Companies Act 2006

Income
Income from operations
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		 2024
£
550,500
1,700
552,200
552,200
485,696
14,626
1,680
1,809
-
503,811
48,389
-
48,389
48,389		 2023
£
506,584
137
506,721
506,721
480,988
12,266
1,680
3,125
-
498,059
8,662
-
8,662
8,662

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 31 form an integral part of these accounts.

15

South Dorset Community Sports Trust Limited - Balance Sheet as at 31 March 2024

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
2024
£
217,340
2,542
181,620
184,162
(74,829)
109,333
326,673
-
326,673		 2023
£
213,120
8,910
149,988
158,898
(83,117)
75,781
288,901
(10,617)
278,284

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
241,160
Designated Funds
Designated Revenue Funds
17
D3
74,834
Total charity funds		 10,679
10,679
192,771
241,160
74,834
74,834
326,673		 10,679
192,771
74,834
278,284

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 13 December 2024

The notes attached on pages 17 to 31 form an integral part of these accounts.

16

South Dorset Community Sports Trust Limited

Notes to the Accounts for the year ended 31 March 2024

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 2024, 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 2024

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 2024

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.

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 2024

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

2024
£
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets
14,626
Pension costs
2,401
6
Interest payable
2024
£
Loan interest
1,809
7
Staff costs and emoluments
Salary costs
2024
£
Gross Salaries excluding trustees and key management personnel
230,696
Employer's National Insurance for all staff
14,003
Employer's operating costs of defined
contribution pension schemes
2,401
Total salaries, wages and related costs
247,100
The average number of part time staff employed in the year was
19
The average number of full time staff employed in the year was
3
The estimated full time equivalent number of all staff employed in the year was
14
Engaged on charitable activities
14
The estimated full time equivalent number of all staff employed as above
14
The estimated equivalent number of full time staff deployed in different activities in the year was:-		 2023
£
12,266
1,916
2023
£
3,125

2023
£
203,582
6,990
1,916
212,488
18
3
14
14
14

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 2024

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 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.

10 Deferred income - Unrestricted and Designated funds

Current Year
English Sports Council Lottery Fund
Portland Town Council
Total
These deferrals are included in creditors
Prior Year
English Sports Council Lottery Fund
Portland Town Council
Total
These deferrals are included in creditors		 Opening
Deferrals
£
36,200
3,879
40,079
Opening
Deferrals
36,200
10,680
46,880		 Released
from prior
years
£
-
-
-
Released
from prior
years
-		 Received
less released
in year
£
-
-
-
2024
£
40,079
Received
less released
in year
-
(6,801)
(6,801)
2023
£
40,079		 Deferred
at year end
£
36,200
3,879
40,079
2023
£
40,079
Deferred
at year end
36,200
3,879
40,079
2022
£
46,880

21

South Dorset Community Sports Trust Limited

Notes to the Accounts for the year ended 31 March 2024

11 Tangible fixed assets

Current Year
Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
Prior Year
Cost
01 April 2022
Additions
01 April 2023
Depreciation
01 April 2022
Charge for the year
01 April 2023
Net book value
01 April 2023
01 April 2022		 Land and
Buildings
£
217,538
-
217,538
36,949
4,351
41,300
176,238
180,589
Land and
Buildings
£
217,538
-
217,538
24,550
4,133
28,683
188,855
192,988		 Plant &
Machinery
£
301,683
18,846
320,529
269,152
10,275
279,427
41,102
32,531
Plant &
Machinery
£
292,284
240
292,524
243,227
9,859
253,086
39,438
49,057		 Motor
Vehicles
£
-
-
-
-
-
-
-
-
Motor
Vehicles
£
-
-
-
-
-
-
-
-		 Total
£
519,221
18,846
538,067
306,101
14,626
320,727
217,340
213,120
Total
£
509,822
240
510,062
267,777
13,992
281,769
228,293
242,045

22

South Dorset Community Sports Trust Limited

Notes to the Accounts for the year ended 31 March 2024

12 Debtors
Trade debtors
13 Creditors: amounts falling due within one year
Bank loans and overdrafts
Trade creditors
Accruals
Deferred Income - Unrestricted & designated funds
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 2023
Surplus after tax for the year
At 31 March 2024		 2024
£
2,542
2024
£
904
8,829
10,217
40,079
11,840
2,472
74,832
2024
£
-
2024
£
278,284
48,389
326,673		 2023
£
8,910
2023
£
1,712
14,072
12,044
40,079
12,758
2,455
83,120
2023
£
10,617
2023
£
269,622
8,662
278,284

23

South Dorset Community Sports Trust Limited

Notes to the Accounts for the year ended 31 March 2024

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

At 31 March 2024
Unrestricted
Designated
Restricted
funds
funds
funds
£
£
£
Tangible Fixed Assets
217,340
-
-
Current Assets
98,649
74,834
10,679
Current Liabilities
(74,829)
-
-
Long Term Liabilities
-
-
-
241,160
74,834
10,679
At 1 April 2023
Unrestricted
Designated
Restricted
funds
funds
funds
£
£
£
Tangible Fixed Assets
213,120
-
-
Current Assets
73,385
74,834
10,679
Current Liabilities
(83,117)
-
-
Long term liabilities
(10,617)
-
-
192,771
74,834
10,679
Change in total funds over the year as shown in Note 16 , analysed by individual funds
Funds brought
forward from
2023
Movement in
funds in 2024
See Note 18
See Note 0
£
£
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
192,771
48,389
-
Designated Revenue Funds
74,834
-
-
Total unrestricted and designated funds
267,605
48,389
-
Restricted funds:-
BA Grant - Solar BV
10,679
-
-
Total restricted funds
10,679
-
-
Total charity funds
278,284
48,389
-
Transfers
between
funds in 2024		 Total
Funds
£
217,340
184,162
(74,829)
-
326,673
Total
Funds
£
213,120
158,898
(83,117)
(10,617)
278,284
Funds carried
forward to
2025
£
241,160
74,834
315,994
10,679
10,679
326,673

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 2024

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

Unrestricted and designated funds:-
Unrestricted Revenue Funds		 Income
2024
£
552,200
552,200		 Expenditure
2024
£
(503,811)
(503,811)		 Other
Gains &
Losses
2024
£
-
-		 Movement
in funds
2024
£
48,389
48,389

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 2024 as required by the SORP 2015

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

21 Donations, Grants and Legacies

Donations and gifts from individuals
Small donations individually less than £1000
Total public sector revenue grants
Total donations and gifts from
individuals
Revenue grants from government and
public bodies
Education and Skills Funding Agency
Portland Town Council
Timing Monkey		 Current year
Unrestricted
Funds
2024
£
3,275
-
3,275
Current year
Unrestricted
Funds
2024
£
-
-
-		 Current year
Restricted
Funds
2024
£
-
-
-
Current year
Restricted
Funds
2024
£
-
-
-		 Current year
Total Funds
2024
£
3,275
-
3,275
Current year
Total Funds
2024
£
-
-
-		 Prior Year
Total Funds
2023
£
600
2,880
3,480
Prior Year
Total Funds
2023
£
6,801
4,500
11,301

Revenue grants from government and public bodies - Prior Year analysis

Prior Year Prior Year
Unrestricted
Funds
2023
£
11,301		 Prior Year
Restricted
Funds
2023
£
-		 Prior Year
Total Funds
2023
£
11,301

26

South Dorset Community Sports Trust Limited

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

Total Donations, Grants and Legacies
Total Donations, Grants and
Legacies
A1
Total private sector revenue grants
Revenue grants and donations from non
public bodies
Small grants individually less than £1000		 Current year
Unrestricted
Funds
2024
£
646
646
Current year
Unrestricted
Funds
2024		 Current year
Restricted
Funds
2024
£
-
-
Current year
Restricted
Funds
2024		 Current year
Total Funds
2024
£
646
646
Current year
Total Funds
2024		 Prior Year
Total Funds
2023
£
500
500
Prior Year
Total Funds
2023
15,281
3,921 - 3,921

27

South Dorset Community Sports Trust Limited

Detailed analysis of income and expenditure for the year ended 31 March 2024 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
2024
£
128,978
272,677
29,917
32,983
35,836
15,279
18,709
9,778
2,422
546,579
Current year
Unrestricted
Funds
2024
£
546,579
546,579
Current year
Unrestricted
Funds
2024
£
1,700
1,700		 Current year
Restricted
Funds
2024
£
-
-
-
-
-
-
-
-
-
-
Current year
Restricted
Funds
2024
£
-
-
Current year
Restricted
Funds
2024
£
-
-		 Current year
Total Funds
2024
£
128,978
272,677
29,917
32,983
35,836
15,279
18,709
9,778
2,422
546,579
Current year
Total Funds
2024
£
546,579
546,579
Current year
Total Funds
2024
£
1,700
1,700		 Prior Year
Total funds
2023
£
120,174
226,320
34,443
30,838
40,642
13,057
20,667
4,842
320
491,303
Prior Year
Total Funds
2023
£
491,303
491,303
Prior Year
Total Funds
2023
£
137
137

28

South Dorset Community Sports Trust Limited

Detailed analysis of income and expenditure for the year ended 31 March 2024 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
2024
£
11,878
7,242
230,696
14,003
2,401
7,759
273,979		 Current year
Restricted
Funds
2024
£
-
-
-
-
-
-
-		 Current year
Prior Year
Total Funds
Total Funds
2024
2023
£
£
11,878
11,727
7,242
5,706
230,696
203,582
14,003
6,990
2,401
1,916
7,759
11,889
273,979
248,611

29

South Dorset Community Sports Trust Limited

Detailed analysis of income and expenditure for the year ended 31 March 2024 as required by the SORP 2015

26 Support costs for charitable activities

Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
2024
2024
£
£
Employee costs not included in direct costs
-
-
174
-
Premises Expenses
1,249
-
112,672
-
5,223
-
18,652
-
Administrative overheads
1,921
-
973
-
3,407
-
7,535
-
1,481
-
3,401
-
7,582
-
4,511
-
36,815
-
-
-
-
-
Professional fees paid to advisors other than the auditor or examiner
2,378
-
480
-
1,204
-
Financial costs
2,059
-
1,809
-
14,626
-
Support costs before reallocation
228,152
-
Total support costs - Current Year
228,152
-
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
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
Telephone, fax and internet
Computer expenses
Advertising and marketing
Sundry expenses
Staff training
Depreciation & Amortisation in total for
the period
Bad debts
Airconditioning costs funded by grants
and donations
Book keeping fees
Loan interest		 Current year
Total Funds
2024
£
-
174
1,249
112,672
5,223
18,652
1,921
973
3,407
7,535
1,481
3,401
7,582
4,511
36,815
-
-
2,378
480
1,204
2,059
1,809
14,626
228,152
228,152		 Prior Year
Total Funds
2023
£
-
76
1,249
132,739
4,452
17,391
853
581
3,096
9,181
1,273
3,762
3,389
4,039
42,161
-
449
2,552
480
1,906
1,548
3,125
12,266
247,768
247,768
-
-
-

30

South Dorset Community Sports Trust Limited

Detailed analysis of income and expenditure for the year ended 31 March 2024 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
All the expenditure in the prior year was unrestricted.
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
2024
£
1,680
-
1,680
Current year
Unrestricted
Funds
2024
£
273,979
228,152
1,680
503,811
Prior Year
Unrestricted
Funds
2023
£
248,611
247,768
1,680
498,059		 Current year
Restricted
Funds
2024
£
-
-
-
Current year
Restricted
Funds
2024
£
-
-
-
-
Prior Year
Restricted
Funds
2023
£
-
-
-
-		 Current year
Total Funds
2024
£
1,680
-
1,680
Current year
Total Funds
2024
£
273,979
228,152
1,680
503,811
Prior Year
Total Funds
2023
£
248,611
247,768
1,680
498,059		 Prior Year
Total Funds
2023
£
1,680
-
1,680
Prior Year
Total Funds
2023
£
248,611
247,768
1,680
498,059

28 Total Charitable expenditure

31