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← Writhlington Trust

2022-03-31-accounts

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

Company Registered No: 04757263 Charity Registration No: 900380

WRITHLINGTON TRUST (A COMPANY LIMITED BY GUARANTEE)

AUDITED TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

CONTENTS

Page
Reference and administrative details of the Company, its Trustees and Advisers 2
Trustees’ report 3 – 6
Independent Auditors’ report on the financial statements 7 – 9
Statement of financial activities 10
Balance sheet 11 – 12
Notes to the financial statements 13 – 26

Page 1

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022

Trustees J Pilling, Chair
J Pike
C Sampson (resigned 5 May 2022)
M Pellow (appointed 5 May 2022)
K Howard (appointed 5 May 2022)
Company secretary Mrs C Hobbs
Company registered number 04757263
Charity registered number 1111515
Registered office Dragonfly Leisure
1 Knobsbury Lane
Radstock
BA3 3HQ
Independent Auditors Moore Scarrott Limited
Calyx House
South Road
Taunton
Somerset
TA1 3DU

Page 2

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2022

The Trustees present their annual report together with the audited financial statements of the Company for the year ended 31 March 2022. The Annual Report serves the purpose of both a Trustees’ report and a directors’ report under company law. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company’s governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors Report) Regulations 2013 has been omitted.

Objectives and activities

a) Policies and objectives

The Company’s Objectives as stated in the Memorandum and Articles are:-

The Trustees have complied with the duty in Section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Charity Commission in respect of the above activities.

b) Strategies for achieving objectives

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)’.

c) Activities undertaken to achieve objectives

In the year the priorities for the Trust were:

Achievements and performance

a) Review of activities

The Trust has invested heavily in refurbishment at the Midsomer Norton Sports Centre in order to maximise income streams as early as possible.

Only essential infrastructure works were carried out during the year in order to prioritise customer experience.

Page 3

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2022

Achievements and performance (continued)

b) Investment policy and performance

The Trust will invest surplus funds in interest bearing accounts and charity bonds when this is possible. This year, there was no interest received.

Financial Review

a) Going Concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Trustees have considered the outbreak of the COVID-19 pandemic and the impact it has had on the ongoing operations of the Charity and how working practices and centre procedures have had to change to reflect the changing legislation and safety guidance.

The Trustees have prepared forecasts which demonstrate the Charity will be able to operate for a period of at least 12 months within its anticipated cash resources. The Trustee’s assumptions and outlook assumes that the COVID-19 pandemic causes no material unanticipated changes to the business model.

Further details regarding the going concern basis can be found in the accounting policies.

b) Reserves policy

The Trust agreed to the use of reserves for the refurbishment at both sport centres as well as funding through borrowing. The Trust will aim to work back to a position of reserves for 3 months operating costs across both sites.

c) Principal risks and uncertainties

On 11 March 2020, the World Health Organisation declared COVID-19 a pandemic. The subsequent periods of lockdown have impacted on the charity’s operations and therefore the pandemic continues to be a principal area of risk and uncertainty for the Charity.

Structure, governance and management

a) Constitution

Writhlington Trust is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.

The principal activity of the company is to operate Writhlington and Midsomer Norton Sports Centres and to develop them as community facilities.

The Memorandum and Articles of Association of the Trust ensure that the objectives of the organisation are charitable and prevent the distribution of profits to individuals. The prime aim of the organisation is to promote education and sport in the community of Norton Radstock.

Page 4

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2022

Structure, governance and management (continued)

b) Methods of appointment or election of Trustees

The Memorandum and Articles define the Board structure as: Headteacher of Writhlington School and nominated Governor, 4 members from “partner” organisations and 3 independent members, by invitation of the Board.

c) Organisational structure and decision-making policies

Day to day operation of the centres is carried out by the Senior Leadership Team overseen by the CEO. This consists of:-

The Board meets bi-annually to plan developments and to receive reports from operational staff. The CEO and Company Secretary report to the Board on matters relating to the running of the Sports Centres.

The Directors of Writhlington Trust work strategically to guide the development of sport at Writhlington and Midsomer Norton. They also have a governance role. Directors do not have an operational role and none are paid for their work as Directors.

The Directors meet bi-annually for the following purposes:-

d) Pay policy for key management personnel

Senior staff pay is reviewed on an annual basis by the Trust Board or delegated trustees.

e) Financial risk management

The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Statement of Trustees’ responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 5

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2022

Statement of Trustees’ responsibilities (continued)

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

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

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees’ Report is approved has confirmed that:-

Auditors

The auditors, Moore Scarrott Limited, have indicated their willingness to continue in office. The designated Trustees will propose a motion reappointing the auditors at a meeting of the Trustees.

Approved by order of the members of the board of Trustees and signed on their behalf by:

J Pilling

Chair of Trustees

Date: 29-03-23

Page 6

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

Opinion

We have audited the financial statements of Writhlington Trust (the ‘charitable company’) for the year ended 31 March 2022 which comprise the Statement of Financial Activities, Balance Sheet and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:-

Basis of opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Auditors’ Report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Page 7

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF WRITHLINGTON TRUST (continued) FOR THE YEAR ENDED 31 MARCH 2022

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:-

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:-

Responsibilities of trustees

As explained more fully in the Trustees’ Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditors’ responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors’ Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:

Page 8

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF WRITHLINGTON TRUST (continued) FOR THE YEAR ENDED 31 MARCH 2022

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charitable company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

Page 9

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF WRITHLINGTON TRUST (continued) FOR THE YEAR ENDED 31 MARCH 2022

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:• agreeing financial statement disclosures to underlying supporting documentation:

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors’ Report.

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an Auditors’ Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Duncan Nicholas FCA (Senior Statutory Auditor)

For an on behalf of Moore Scarrott Limited Chartered Accountant & Statutory Auditors Calyx House South Road Taunton TA1 3DU

Dated: 29-03-23

Page 10

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Notes
Incoming resources
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Total incoming resources
Resources expended
Charitable activities
6
Total resources expended
Net movement in funds before
other recognised gains/(losses)
Other recognised gains/(losses):
Actuarial losses on defined benefit
pension schemes
17
Net movement in funds
Recognition of funds
Total funds brought forward
17
Net movement in funds
17
Total funds carried forward
17		 Unrestricted
Funds
2022
£
2,889
2,990,613
24,146
3,017,648
2,867,122
2,867,122
150,526
-
150,526
1,453,661
150,526
1,604,187		 Restricted
Funds
2022
£
-
-
-
-
4,000
4,000
(4,000)
(16,000)
(20,000)
45,400
(20,000)
25,400		 Total
Funds
2022
£
2,889
2,990,613
24,146
3,017,648
2,871,122
2,871,122
146,526
(16,000)
130,526
1,499,061
130,526
1,629,587		 Total
Funds
Restated
2021
£
10,000
1,756,010
3,792
1,769,802
2,109,018
2,109,018
(339,216)
651,000
311,784
1,187,277
311,784
1,499,061

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 14 to 29 form an integral part of these financial statements.

Page 11

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

BALANCE SHEET AS AT 31 MARCH 2022

Notes
Fixed assets
Tangible assets
10
Current assets
Investments
11
Stocks
12
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
14
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after one
year
15
Net assets excluding pension liability
Defined benefit pension scheme
asset/(liability)
17
Total assets
Charity funds
Restricted funds:
Restricted funds
17
Restricted funds excluding pension asset
Pension reserve
17
Total restricted funds
Unrestricted funds
17
Total funds
16		 4,138
26,720
319,628
429,181
779,667
(415,614)
14,400
14,400
11,000		 2022
£
1,455,619
1,455,619
364,053
1,819,672
(201,085)
1,618,587
11,000
1,629,587
25,400
1,604,187
1,629,587		 4,138
14,955
227,350
208,065
454,508
(417,476)
14,400
14,400
31,000		 Restated
2021
£
1,652,110
1,652,110
37,032
1,689,142
(221,081)
1,468,061
31,000
1,499,061
45,400
1,453,661
1,499,061

The notes on pages 14 to 29 form an integral part of these financial statements.

Page 12

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

BALANCE SHEET (continued) AS AT 31 MARCH 2022

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies’ regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

J Pilling Chair

Dated: 29-03-23

The notes on pages 14 to 29 form an integral part of these financial statements.

Page 13

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 General information

Writhlington Trust is a company limited by guarantee, incorporated in England and Wales. The registered office is Writhlington School, 1 Knobsbury Lane, Radstock, B&NES, BA3 34NQ.

2 Accounting Policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) – Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Writhlington Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The Trustees assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements.

The Trustees have considered the COVID-19 pandemic and what impact it has had on the ongoing operations of the Charity. The Trustees have prepared forecasts which demonstrate the Charity will be able to operate for a period of at least 12 months within its anticipated cash resources. The Trustee’s assumptions and outlook assumes that the COVID-19 pandemic causes no material unanticipated changes to the business model.

2.3 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet, where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Page 14

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022

2 Accounting Policies (continued)

2.4 Expenditure (continued)

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company’s objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.

Depreciation is provided on the following bases:-

Leasehold improvement - 10.0% straight line
Sports equipment - 20.0% straight line
Fixtures and fittings - 25.0% straight line
Computer equipment - 33.3% straight line
Soft play area - 5.0% straight line

2.6 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discounts offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 15

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022

2 Accounting Policies (continued)

2.9 Liabilities

Liabilities and provisions are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation, where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.10 Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Finance leases and hire purchase

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Company. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of Financial Activities so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

2.12 Pensions

The Company operates a defined benefits pension scheme and the pension charge is based on a full actuarial valuation dated 31 March 2022.

2.13 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aims and uses of each restricted fund are set out in the notes to the financial statements.

Page 16

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022

3 Income from donations and legacies

Unrestricted
Funds
£
Grants
2,889
4
Income from charitable activities
Unrestricted
Funds
£
Charity incoming resources
2,990,613
5
Income from other trading activities
Unrestricted
Funds
£
Income from fundraising
events
Shop income
24,146
6
Analysis of expenditure by activities
Activities
undertaken
directly
2022
£
Provision of sports facilities
2,653,987
Total analysis – 2021
1,942,573		 Restricted
Funds
£
-
Restricted
Funds
£
-
Restricted
Funds
£
-
Support
costs
2022
£
213,135
166,445		 Total
Funds
Total
Funds
2022
2021
£
£
2,889
10,000
Total
Funds
Total
Funds
2022
2021
£
£
2,990,613
1,756,010
Total
Funds
Total
Funds
2022
2021
£
£
24,146
3,792
Total
Funds
Total
Funds
2022
2021
£
£
2,867,122
2,109,198
2,109,018

Page 17

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022

6 Analysis of expenditure by activities (continued)

Analysis of direct costs
Pension finance costs
Staff costs
Depreciation
Café expenditure
Equipment expenditure
Travel costs
Premises costs
Other costs
Partially exempt VAT not
cleared
Total Direct Costs
Analysis of support costs
Advertising
Office costs
Legal and professional costs
Direct course fees
Accountancy training costs
Insurance
Bank charges and interest
Total Support Costs		 Unrestricted
Funds
£
-
1,585,838
279,494
94,470
258,172
3,017
305,620
59,844
67,532
2,653,987
Unrestricted
Funds
£
11,460
84,003
12,998
4,915
26,094
41,592
32,073
213,135		 Restricted
Funds
£
15,000
(11,000)
-
-
-
-
-
-
-
4,000
Restricted
Funds
£
-
-
-
-
-
-
-
-		 Total
Funds
2022
£
15,000
1,574,838
279,494
94,470
258,172
3,017
305,620
59,844
67,532
2,657,987
Total
Funds
2022
£
11,460
84,003
12,998
4,915
26,094
41,592
32,073
213,135		 Total
Funds
2021
£
15,000
1,287,649
298,932
11,383
152,296
2,506
153,280
-
21,527
1,942,573
Total
Funds
2021
£
2,241
55,648
19,151
1,655
14,580
45,088
28,082
166,445

7 Net income/(expenditure)

This is stated after charging:

Depreciation of tangible fixed assets:
-
Owned by the charity
-
Held under finance lease
Auditors’ remuneration – audit		 2022
£
264,497
14,997
6,000
285,494		 2021
£
248,918
50,014
5,750
304,682

Page 18

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022

8 Staff costs

Analysis of staff costs
Wages and salaries
Social security costs
Other staff costs
Contribution to defined
contribution pension schemes
Operating costs of defined
benefit pension schemes
Total Support Costs		 Unrestricted
Funds
£
1,412,668
72,105
5,736
95,329
-
1,585,838		 Restricted
Funds
£
(94,000)
-
-
-
98,000
4,000		 Total
Funds
2021
£
1,318,668
72,105
5,736
95,329
98,000
1,589,838		 Total
Funds
2021
£
1,166,139
49,789
-
9,721
62,000
1,287,649

The average number of persons employed by the Company during the year was as follows:-

2022 2021
No. No.
Staff 152 130

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:-

2022 2021
No. No.
In the band £90,001 - £100,000 1 -

The key management personnel of the Trust comprise the sport centre management team. The total amount of employee benefits (including employee pension contributions) received by key management personnel for their services to the Academy Trust was £219,633 – 3 staff (2021: £110,954 – 3 staff).

9 Trustees’ remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2021 - £Nil).

During the year ended 31 March 2022, no Trustee expenses have been incurred (2021 - £Nil).

Page 19

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022

10 Tangible fixed assets

Leasehold
Improvm’t
£
Cost or valuation
At 1 April 2021
2,412,815
Additions
33,312
As at 31 March 2022
2,446,127
Depreciation
At 1 April 2021
869,625
Charge for the year
230,867
As at 31 March 2022
1,100,492
Net book value
At 31 March 2022
1,345,635
At 31 March 2021
1,543,190
11
Current Investments
Bonds
12
Stocks
Finished goods and goods for resale
13
Debtors
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income		 Computer
Equipment
£
150,526
2,685
153,211
133,411
9,344
142,755
10,456
17,115		 Plant &
Machinery
£
559,663
47,006		 Fixtures &
Fittings
£
227,490
-
227,490
220,891
4,291
225,182
2,308
6,599
2022
£
4,138
2022
£
26,720
2022
£
50,062
226,744
42,822
319,628		 Restated
Total
£
3,350,494
83,003
606,669 3,433,497
474,457
34,992		 1,698,384
279,494
509,449 1,977,878
97,220 1,455,619
85,206 1,652,110
Restated
2021
£
4,138
Restated
2021
£
14,955
Restated
2021
£
22,538
171,302
33,510
227,350

Page 20

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022

14 Creditors: Amounts falling due within one year

Bank loans
Trade creditors
Other taxation and social security
Obligations under finance lease and hire purchase contracts
Other creditors
Accruals and deferred income		 2022
£
18,159
113,438
21,917
89,620
19,999
152,481
415,614		 Restated
2021
£
64,512
42,187
17,424
189,775
9,518
94,060
417,476

Included within bank loans due within one year is £13,259 (2021: £59,512) secured by a fixed and floating charge over all assets of the charitable company. Interest is charged on this loan at 3.18% over the Bank of England Base Rate.

Hire purchase liabilities are secured against the assets to which they relate.

15 Creditors: Amounts falling due after one year

Bank loans
Obligations under finance lease and hire purchase contracts		 2022
£
36,877
164,208
201,085		 Restated
2021
£
168,517
52,564
221,081

Also included within bank loans due more than one year is £Nil (2021: £123,517) secured by a fixed and floating charge over all assets of the charitable company. Interest is charged on this loan at 3.18% over the Bank of England Base Rate.

Hire purchase liabilities are secured against the assets to which they relate.

Page 21

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022

16 Financial instruments

Financial assets
Financial assets measured at fair value through income and
expenditure
Financial assets that are debt instruments measured at
amortised cost
Financial liabilities
Financial liabilities measured at amortised cost		 2022
£
429,181
92,884
522,065
2022
£
(616,697)		 Restated
2021
£
208,065
56,048
264,113
Restated
2021
£
(638,557)

Financial assets measured at fair value through income and expenditure comprise of cash at bank.

Financial assets that are debt instruments measured at amortised cost comprise of trade debtors and accrued income.

Financial liabilities measured at amortised cost comprise of trade creditors, loans, HP obligations, accruals and other creditors.

17 Statement of funds

Statement of funds – current year

Unrestricted funds
General funds
Restricted funds
LTA tennis court
resurfacing fund
Pension reserve
Total of funds		 Balance at
1 April
2021
£
1,453,661
14,400
31,000
45,400
1,499,061		 Income
Expenditure
£
£
3,017,648
(2,867,122)
-
-
-
(4,000)
-
(4,000)
3,017,648
(2,871,122)		 Gains/
(Losses)
£
-
-
(16,000)
(16,000)
(16,000)		 Balance at
31 March
2022
£
1,604,187
14,400
11,000
25,400
1,629,587

Restricted funds include a grant from the Lawn Tennis Association (LTA) towards the cost of future tennis court resurfacing and grants from the LTA and other charitable bodies for the furtherance of sports education within the local community.

Page 22

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2021

16 Statement of funds (continued)

Statement of funds – current year (continued)

The pension reserve represents the charitable company’s share of the assets and liabilities in the Local Government Pension Scheme. As with most pension schemes this is currently in deficit due to an excess of scheme liabilities over scheme assets which was inherited on acquisition of the operations of the South Wansdyke Sports Centre. The charitable company is following the recommendations of the actuary to reduce the deficit by making additional contributions over a number of years.

Statement of funds – prior year

Restated
Balance at
1 April
2020
£
Unrestricted funds
General funds
1,788,877
Restricted funds
LTA tennis court
resurfacing fund
14,400
Pension reserve
(616,000)
(601,600)
Total of funds
1,187,277
17
Summary of funds
Statement of funds – current year
Balance at
1 April
2021
£
General funds
1,453,661
Restricted funds
45,400
Total of funds
1,499,061
Statement of funds – prior year
Restated
Balance at
1 April
2020
£
General funds
1,788,877
Restricted funds
(601,600)
Total of funds
1,187,277		 Income
Expenditure
£
£
1,769,802
(2,105,018)
-
-
-
(4,000)
-
(4,000)
1,769,802
(2,109,018)
Income
Expenditure
£
£
3,017,648
(2,867,122)
-
(4,000)
3,017,648
(2,871,122)
Income
Expenditure
£
£
1,769,802
(2,105,018)
-
(4,000)
1,765,844
(2,109,018)		 Gains/
(Losses)
£
-
-
651,000
651,000
651,000
Gains/
(Losses)
£
-
(16,000)
(16,000)
Gains/
(Losses)
£
-
651,000
651,000		 Restated
Balance at
31 March
2021
£
1,453,661
14,400
31,000
45,400
1,499,061
Balance at
31 March
2022
£
1,604,187
25,400
1,629,587
Restated
Balance at
31 March
2021
£
1,453,661
45,400
1,499,061

Page 23

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022

18 Analysis of net assets between funds

Analysis of net assets between funds – current year

Unrestricted
funds
2022
Restricted
funds
2022
£
£
Tangible fixed assets
1,455,619
-
Current assets
765,267
14,400
Creditors due within one year
(415,614)
-
Creditors due in more than one year
(201,085)
-
Provisions for liabilities and charges
-
11,000
Total
1,604,187
25,400
Analysis of net assets between funds – prior year
Restated
Unrestricted
funds
2021
Restated
Restricted
funds
2021
£
£
Tangible fixed assets
1,652,110
-
Current assets
440,108
14,400
Creditors due within one year
(417,476)
-
Creditors due in more than one year
(221,081)
-
Provisions for liabilities and charges
-
31,000
Total
1,453,661
45,400
19
Reconciliation of net movement in funds to net cash flow from operating activities
2022
£
Net income for the period (as per Statement of Financial
Activities)
146,526
Adjustments for:
Depreciation charges
279,494
Decrease/(increase) in stocks
(11,765)
Decrease/(increase) in debtors
(92,278)
Increase/(decrease) in creditors
(21,860)
Defined benefit pension movements
98,000
Net cash provided by operating activities
398,117		 Total
funds
2022
£
1,455,619
779,667
(415,614)
(201,085)
11,000
1,629,587
Restated
Total
funds
2021
£
1,652,110
454,508
(417,476)
(221,081)
31,000
1,499,061

2021
£
(339,216)
298,932
(577)
3,940
(149,035)
62,000
(123,956)

Page 24

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022

20 Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents		 2022
£
429,181
429,181		 2021
£
208,065
208,065

21 Analysis of changes in net debt

Cash at bank and in hand
Bank overdrafts repayable on demand
Debt due within 1 year
Debt due after 1 year
Finance leases		 At
1 April
2021
208,065
-
(64,512)
(168,517)
(242,339)
(267,303)		 Cash
flows
£
221,116
-
39,704
-
126,802
387,622		 Transfers
£
-
-
6,649
131,640
(138,289)
-		 At
31 March
2022
£
429,181
-
(18,159)
(36,877)
(253,826)
120,319

22 Pension commitments

The Company operates a defined benefit pension scheme.

The LGPS is a funded defined benefit scheme, with assets held in separate trustee-administered funds. The total contribution made for the period ended 31 March 2022 was £95,329 of which employer’s contributions totalled £70,244 and employee’s contributions totalled £25,085. The agreed contribution rates for future years are 21.4% for employers and 5.5% to 6.5% for employees.

Principal actuarial assumptions at the Balance Sheet date (expressed as weighted averages):

Discount rate at 31 March
Expected return on scheme assets at 31 March
Future salary increases
Future pension increases
Mortality rates (in years)
-
For a male aged 65 now
-
At 65 for a male aged 45 now
-
For a female aged 65 now
-
At 65 for a female aged 45 now		 At 31
March 2022
At 31
March 2021
%
%
2.70%
2.20
3.00%
2.70
4.50%
4.20
3.10%
2.80
At 31
March 2022
At 31
March 2021
Years
Years
23.1
23.3
24.6
24.8
25.3
25.4
27.3
27.4

Page 25

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022

22 Pension commitments (continued)

The Company’s share of the assets in the scheme was:

At 31
March 2022
£
Other
2,311,000
The actual return on scheme assets was (£122,000) (2021: £1,087,000).
The amounts recognised in the Statement of Financial Activities are as follows:-
2022
£
Current service cost
(98,000)
Past service cost
-
Interest income
52,000
Interest cost
(52,000)
Total amount recognised in the Statement of Financial
Activities
(98,000)
Movements in the present value of the defined benefit obligation were as follows:
Opening defined benefit obligation
Current service costs
Interest cost
Contributions by scheme participants
Actuarial (gains)/losses
Past service costs
Closing defined benefit obligation
Movements in the fair value of the Company’s share of scheme assets were as follows:
Opening fair value of scheme assets
Expected return on assets
Actuarial (losses)/gains
Contributions by employer
Contributions by scheme participants
Closing fair value of scheme assets		 At 31
March 2021
£
2,323,000
2021
£
(62,000)
-
27,000
(41,000)
(76,000)
2022
£
2,292,000
98,000
52,000
18,000
(160,000)
-
2,300,000
2022
£
2,323,000
51,000
(175,000)
94,000
18,000
2,311,000

Page 26

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2022

23 Operating lease commitments

At 31 March 2022 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2022
£
106,755
236,583
343,338		 2021
£
106,755
343,339
450,094

24 Members liability

Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £1 for the debts and liabilities contracted before he/she ceases to be a member.

25 Related party transactions

The Company has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Company at 31 March 2022.

26 Controlling party

The Trust is controlled jointly by the Trustees. There is no controlling party.

27 Prior Period Adjustment

The Trust incorrectly capitalised operating leases and recognised a corresponding liability for both. In addition to this the Trust accounted for VAT under the partial exemption rules incorrectly. This resulted in a prior year adjustment against several years as laid out below.

Unrestricted Restricted Total
Reserves Funds Funds
£ £ £
Reserves brought forward at 31 March 2020 1,800,122 (601,600) 429,181
Prior year adjustment [1] (11,245) - (11,245)
Reserves brought forward at 31 March 2020 (as restated) 1,788,877 (601,600) 1,187,277
Net movement in funds for year ended 31 March 2021 (288,505) 647,000 358,495
Prior year adjustment [1] (46,711) - (46,711)
Reserves carried forward at 31 March 2021 (as
restated) 1,453,661 45,400 1,499,061

Page 27

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

BALANCE SHEET AS AT 31 MARCH 2020

27 Prior Period Adjustment (continued)

Balance Sheet at 31 March 2020

Fixed assets
Tangible assets
Current assets
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after one year
Net assets excluding pension liability
Defined benefit pension scheme asset/(liability)
Total assets
Charity funds
Restricted funds:
Restricted funds
Restricted funds excluding pension asset
Pension reserve
Total restricted funds
Unrestricted funds
Total funds		 As
Originally
Stated
Prior
Year
Adjustment
£
£
1,920,979
(217,614)
1,920,979
(217,614)
14,378
-
231,290
-
490,552
-
736,220
-
(425,936)
34,389
310,284
34,389
2,231,263
(183,225)
(416,741)
171,980
1,814,522
(11,245)
(616,000)
-
1,198,522
(11,245)
14,400
-
14,400
-
(616,000)
-
(601,600)
-
1,800,122
(11,245)
1,198,522
(11,245)		 Restated
31 March
2020
£
1,703,365
1,703,365
14,378
231,290
490,552
736,220
(391,547)
344,673
2,048,038
(244,761)
1,803,277
(616,000)
1,187,277
14,400
14,400
(616,000)
(601,600)
1,788,877
1,187,277

Page 28

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

WRITHLINGTON TRUST FOR THE YEAR ENDED 31 MARCH 2022

BALANCE SHEET AS AT 31 MARCH 2021

27 Prior Period Adjustment (continued)

Balance Sheet at 31 March 2021

Fixed assets
Tangible assets
Current assets
Investments
Stocks
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after one year
Net assets excluding pension liability
Defined benefit pension scheme asset/(liability)
Total assets
Charity funds
Restricted funds:
Restricted funds
Restricted funds excluding pension asset
Pension reserve
Total restricted funds
Unrestricted funds
Total funds		 As
Originally
Stated
Prior
Year
Adjustment
£
£
1,821,572
(169,462)
1,821,572
(169,462)
-
4,138
14,955
-
244,918
(17,568)
208,065
-
467,938
(13,430)
(370,432)
(47,044)
97,506
(60,474)
1,919,078
(229,936)
(393,061)
171,980
1,526,017
(57,956)
31,000
-
1,557,017
(57,956)
14,400
-
14,400
-
31,000
-
45,400
-
1,511,617
(57,956)
1,557,017
(57,956)		 Restated
31 March
2021
£
1,652,110
1,652,110
4,138
14,955
227,350
208,065
454,508
(417,476)
37,032
1,689,142
(221,081)
1,468,061
31,000
1,499,061
14,400
14,400
31,000
45,400
1,453,661
1,499,061

Page 29

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

Moore Scarrott Limited Calyx House South Road Taunton TA1 3DU

Dear Sirs

Writhlington Trust

The following representations are made on the basis of enquiries of Management and staff with relevant knowledge and experience such as we consider necessary in connection with your audit of the charitable company’s financial statements for the year ended 31 March 2022. These enquiries have included inspection of supporting documentation, where appropriate, and are sufficient to satisfy ourselves that we can make each of the following representations. All representations are made to the best of our knowledge and belief.

General

  1. We have fulfilled our responsibilities as Trustees, as set out in the terms of your engagement letter under the Companies Act 2006 and Charities Act 2011, for preparing financial statements in accordance with applicable law and United Kingdom Accounting Standards (UK Generally Accepted Accounting Practice), for being satisfied that they give a true and fair view and for making accurate representations to you.

  2. All the transactions undertaken by the charitable company have been properly reflected and recorded in the accounting records.

  3. The financial statements are free of material misstatements, including omissions.

  4. All the accounting records have been made available to you for the purpose of your audit. We have provided you with unrestricted access to all appropriate persons within the charitable company, and with all other records and related information requested, including minutes of all management and trustee meetings and correspondence with The Charity Commission.

  5. The effects of uncorrected misstatements (as set out in the appendix to this letter) are immaterial both individually and in total.

Internal control and fraud

  1. We acknowledge our responsibility for the design, implementation and maintenance of internal control systems to prevent and detect fraud and error. We have disclosed to you the results of our risk assessment that the financial statements may be misstated as a result of fraud.

  2. We have disclosed to you all instances of known or suspected fraud affecting the entity involving management, employees who have a significant role in internal control or others that could have a material effect on the financial statements.

  3. We have also disclosed to you all information in relation to allegations of fraud or suspected fraud affecting the entity’s financial statements communicated by current or former employees, analysts, regulators or others.

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

Assets and liabilities

  1. The charitable company has satisfactory title to all assets and there are no liens or encumbrances on the charitable company’s assets, except for those that are disclosed in the notes to the financial statements.

  2. All actual liabilities, contingent liabilities and guarantees given to third parties have been recorded or disclosed as appropriate.

  3. We have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements.

Accounting estimates

  1. The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework.

Loans and arrangements

  1. The charitable company has not granted any advances or credits to, or made guarantees on behalf of, Directors other than those disclosed in the financial statements.

Legal claims

  1. We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements.

Laws and regulations

  1. We have disclosed to you all known instances of non-compliance or suspected noncompliance with laws and regulations whose effects should be considered when preparing the financial statements.

Related parties

  1. Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with the requirements of Charity law or accounting standards.

Subsequent events

  1. All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed.

DocuSign Envelope ID: 4390BCE7-1592-471B-9EBE-56F91E7AC2DE

Going concern

  1. We believe that the charitable company’s financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the charitable company’s needs.

Grants and donations

  1. All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income.

We acknowledge our legal responsibilities regarding disclosure of information to you as auditors and confirm that so far as we are aware, there is no relevant audit information needed by you in connection with preparing your audit report of which you are unaware.

Each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that you are aware of that information.

Yours faithfully

Mr J Pilling

Chair & Director

Signed on behalf of the board of Trustees

Date: 29-03-23

Certificate Of Completion

Envelope Id: 4390BCE71592471B9EBE56F91E7AC2DE Subject: Writhlington Trust - Accounts for signing Source Envelope: Document Pages: 33 Signatures: 4 Certificate Pages: 5 Initials: 0 AutoNav: Enabled EnvelopeId Stamping: Enabled Time Zone: (UTC) Dublin, Edinburgh, Lisbon, London

Status: Completed

Envelope Originator: Duncan Nicholas Calyx House South Road Taunton, Somerset TA1 3DU Duncan.Nicholas@moore-scarrott.co.uk IP Address: 44.235.189.109

Record Tracking
Status: Original Holder: Duncan Nicholas Location: DocuSign
29-Mar-23 13:42 Duncan.Nicholas@moore-scarrott.co.uk
Signer Events Signature Timestamp
Jeremy Pilling Sent: 29-Mar-23
jeremy.pilling@gcparch.co.uk Viewed: 29-Mar-23
Security Level: Email, Account Authentication Signed: 29-Mar-23
(None)
Signature Adoption: Pre-selected Style
Using IP Address: 92.232.198.200
Electronic Record and Signature Disclosure:
Accepted: 29-Mar-23 14:11
ID: 3589696e-fa40-4702-9c79-b6f747754143
Duncan Nicholas Sent: 29-Mar-23
duncan.nicholas@moore-scarrott.co.uk Viewed: 29-Mar-23
Director Signed: 29-Mar-23
Moore Scarrott
Security Level: Email, Account Authentication
(None)		 Signature Adoption: Pre-selected Style
Using IP Address: 109.224.195.198
Signed using mobile
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
In Person Signer Events Signature Timestamp
Editor Delivery Events Status Timestamp
Agent Delivery Events Status Timestamp
Intermediary Delivery Events Status Timestamp
Certified Delivery Events Status Timestamp
Carbon Copy Events Status Timestamp
Duncan Nicholas Sent: 29-Mar-23
duncan.nicholas@moore-scarrott.co.uk Resent: 29-Mar-23
Director
Moore Scarrott
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Carbon Copy Events Status Timestamp
Jade Trott Sent: 29-Mar-23
jade.trott@msvet.co.uk
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Luke Woodman Sent: 29-Mar-23
Luke.Woodman@moore-scarrott.co.uk
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Matthew Wise Sent: 29-Mar-23
mwise@dragonflyleisure.co.uk
CEO
Writhlington Trust
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Rachel Webb Sent: 29-Mar-23
rwebb@dragonflyleisure.co.uk Viewed: 29-Mar-23
Finance Manager
Security Level: Email, Account Authentication
(None)
Electronic Record and Signature Disclosure:
Not Offered via DocuSign
Witness Events Signature Timestamp
Notary Events Signature Timestamp
Envelope Summary Events Status Timestamps
Envelope Sent Hashed/Encrypted 29-Mar-23
Certified Delivered Security Checked 29-Mar-23
Signing Complete Security Checked 29-Mar-23
Completed Security Checked 29-Mar-23
Payment Events Status Timestamps
Electronic Record and Signature Disclosure

Electronic Record and Signature Disclosure created on: 31-Mar-20 | 09:04 Parties agreed to: Jeremy Pilling

ELECTRONIC RECORD AND SIGNATURE DISCLOSURE

From time to time, Moore Scarrott Ltd (we, us or Company) may be required by law to provide to you certain written notices or disclosures. Described below are the terms and conditions for providing to you such notices and disclosures electronically through the DocuSign system. Please read the information below carefully and thoroughly, and if you can access this information electronically to your satisfaction and agree to this Electronic Record and Signature Disclosure (ERSD), please confirm your agreement by selecting the check-box next to ‘I agree to use electronic records and signatures’ before clicking ‘CONTINUE’ within the DocuSign system.

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Unless you tell us otherwise in accordance with the procedures described herein, we will provide electronically to you through the DocuSign system all required notices, disclosures, authorizations, acknowledgements, and other documents that are required to be provided or made available to you during the course of our relationship with you. To reduce the chance of you inadvertently not receiving any notice or disclosure, we prefer to provide all of the required notices and disclosures to you by the same method and to the same address that you have given us. Thus, you can receive all the disclosures and notices electronically or in paper format through the paper mail delivery system. If you do not agree with this process, please let us know as described below. Please also see the paragraph immediately above that describes the consequences of your electing not to receive delivery of the notices and disclosures electronically from us.

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To contact us by email send messages to: simon.biles@moore-scarrott.co.uk

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If you created a DocuSign account, you may update it with your new email address through your account preferences.

To request paper copies from Moore Scarrott Ltd

To request delivery from us of paper copies of the notices and disclosures previously provided by us to you electronically, you must send us an email to simon.biles@moore-scarrott.co.uk and in the body of such request you must state your email address, full name, mailing address, and telephone number. We will bill you for any fees at that time, if any.

To withdraw your consent with Moore Scarrott Ltd

To inform us that you no longer wish to receive future notices and disclosures in electronic format you may:

i. decline to sign a document from within your signing session, and on the subsequent page, select the check-box indicating you wish to withdraw your consent, or you may;

ii. send us an email to simon.biles@moore-scarrott.co.uk and in the body of such request you must state your email, full name, mailing address, and telephone number. We do not need any other information from you to withdraw consent.. The consequences of your withdrawing consent for online documents will be that transactions may take a longer time to process..

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The minimum system requirements for using the DocuSign system may change over time. The - - current system requirements are found here: https://support.docusign.com/guides/signer guide signing-system-requirements.

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