SuTh0N￿N-TRENT SPORTS AND COMMUNITY CENTRE REGISTERED CHARITY NIJM8ER 1111529 ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEAI8ER 2023 General Infomatson Tru51ees Re sand ments %count Statement of 4sse¢s and Iiatslrties Reserye$ Pdi dent ex•nin¢rs re Inde N￿rt￿. 1111529 6QX A Sth ICN•r O Els (VKZ Clw l Tr••4rw AC4AI SUTTOPKIN.TRENT SPORTS AND COMMUPaTY CEIITRE Regislered Chanty Number- 1117529 ANNUAL REPORT ANO ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 202J AN The tnJstee$ wesent Ihwr reFKyI Icrf th¢ yw 31 Dewnber 207J tt l• the thanty's Thn8teenlh annu* reyt. REVIEW OF PROGRESS AND FUTURE PLANS The Chanty has (x)nbnued lo ￿rf{￿rn well In 2023. The Chaty ¢urrenlly has Lotui Yoga. Wdd E•th Yc98. &1 & Be Frt and Aerobarumba grwps whith ¢orrtinue lo prnide sleady Incc¥ne for Ihe chanly In add￿0Tr lo Sullonwon Trerrt FC. Sutton on Trent Tornadoes FC and Muskham Cougars FC as resKlent 102tW teams. The Chanty Intrc¥Juced monlhly Lxngo Thghls thich bfoughl In a vNler aUth￿Ce Flor￿led Ihe laolrty to a whc4e host Gl new users The Chnstmas &ryJo finale 8ucce55 Wth the h￿1 packed wlh people hopng lo wjn the p¢kw pnze The ltylniglrtty Fa￿ty Sport5 evenings refumed And in p)pul¥rty. allwng y(xtng peopte lo cune •nd try differerrt Swi9 have lun. A steady Incom• Ircwn bar a￿1 IcrA sdes wa• Seen over the S night$ Unfortvnately. Coffledy Nights in p•rtnwship H¢tspcrt Ltd sthv • *gnrfiwt drop In ticket sdes. The Trusiees tcd deo*o) lo cancel bxh Fl*nned events 8afes meanl the shcw wasn't Maile. The Chty supported a I￿1ft ¥wth the P￿Sh Counal jnd ￿￿¥ge churthes io C￿MeMOr31e His Majesty lQng Chartes. CLYonation A wllage p'L*lC was held rrtugq games and a were a fi￿ng tnbjle. The Trustees and NYAunteers from Ihe communrty helped $t*r the bar which rwsed signthc8nt ￿orrt. The u8e cl the faalty for ￿Vate pthes and contsnues lo wom'oe the m•n Income stfeam. To delivET these aclirtes. the ch8rrty has • grtyjp IA wjuntetr bur St•1 that have been Invduatle In our 5ucce3s. so we t#OLld like to pass on our Ihankj lo al ¥dunteers who h•TrR helped us In 2023. Allhough th ha5n'l #Arted ph￿ 2 RedtrAcwient. th• Chgnty hAb* seuThJ fund5 to S18rt work The Chanty (s hopnq lor to stwt tn early 2024 wll lake around 4 months to comF4ete. Our Ih¥nks go lo JG Pear5. Marshals Coathes Ltd Jamie Wahon al Wdton Incofpjrafed loi th￿r donations tOAfards the wqed. Unfortun*dy. and destxte assurances Ihe Foclball Foundation decsded our proied wasn't surtatle for their fvnthrKJ streams. Th's led lo a ggnificant delay and as th• tharrty Wasted lime wctessng a funthno tsd. The Charrty wwld like io on fecud N5 thanks lo Rebe(u Jackwn for her excellenl ￿￿k as a Tru&ee and Treasurer. Her deoyon to Stand d￿￿ wll bp hard fdt by Ihe chanty. her work in McKJemi￿n9 Ihe chanlie5 finanod accwnling *d leading on COVID response has en$U￿d Ihe chanty ¢ontinues lo mo¥E fTrward. The Trustees W75h Rebecca Ihe lor her n•AT adveniure. FINANCES Atthodgh the a￿unt$ have $h(Nm a ￿n￿c￿nt Increase this ye•, the va* m4onty the Inccffte Is a result ol donations towards the rI￿ned phase 2 works. Charny Inccvne has suffered sgnificanlty from Ihtr financjal l￿s￿l9h Inflation which Is 5hcwn In ihe COJI af util￿￿> an¢J bw stcxk Add￿￿jaUy. the ol th? Cryne(ly M'ghts 4nd lad¢ ol• Haltr•Ren t￿1¢0 led to a drop In bar sa¢8 Funding for lh• Pha￿ ? Redevelopm*nl wc¥k$ Is nthv in Flace and the ch￿Y recw¥& tvnthng fnxn the Cfyop Communrty Champcffis Fund whith ￿'d fc¥ entertainrnent ty￿￿7)e The Charty h4ve w*inued wlh Re¢•Os and Payment accounbng as the d)aity betseve this wri shThv ￿ev￿A irformaicffj on the finanaa performance. INDEPENOEiif EXAMINATION The gross income has exc4eded £25.000. ￿ Ihe acc￿￿¥ been Indewdentty venfied. The exwnin￿on fty Ihwe and the i rep￿ Is on page 7. On behal crftho Tfu*e•• A Snwth ICh•fl S Mwch 2024 SUThONQN.TRENT SPORTS AND COMMUMTY CEMTrE Reg15twed Chanty N4Jmber- l 7 11529 ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDEO 31 DECEPABER 31123 PAYM NT lJ920 PWA WA P2 Tr•• S*$ 424 NIA HE4hn 770 1045 129 1402 213 Gqn W¢bMè WJ WA 492 WA TLI* rn¥w¥J• P*pThrrts 14167 Flyt￿• C•sh lJrd* 1 Jww•ry 379 5urroNQN-TrENT SPORTS AND COMMUNITY CENTrE Rty151wad Chanty Numbef- 1111529 ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENOED 31 DECEMBER 2023 ETS AND UABI ES TATEMENT OF AS 1. C•sh Fund¥ Sani*id•r ewrern £ 65134 TOTAL £ 11SS33 l Othw Mon•¢￿ Irw&c* tXAst￿￿ng l F•• oLrtS1￿dffig Cmh In H•nd £ 130 £ 372 & A•w• r•tth•d f¢x ch¥W• u C￿1 I￿) £ 75642 L￿th)Id bJifvJry rnkYty•mwrf•120191 Fixllxes oquipmwtt120201 Frltwtt an¢1 tou￿￿￿2021￿ •qL#￿**I2O22j £ &$732 15% doFYvJalicrfl È 163 l￿depr￿￿tIon1 £ 4866 Iw% deFI￿lat￿nI £12167 E 4878 I￿% Stock £ 2XfJ 1£12TrJ 8¥ £11XQ Odl Th• thanty hu a ￿8$? wrfh Twt Crwol faT Ih) S￿5 Ck** Sil• l>a8stlvpe Ro•J fc¢ 1￿ yews from P Auwsi 2013 •1 a Fwrccffl r•rd uabl11￿ Nu ccwts aFvov•d ty th• T￿10•$ Mwth W24 A Smth (Charl D Ell5 (Vu Chqr SUThON4>N-TRENT SPORTS AND COMAIUMTY CEKfRE Re¥iElerEd Ch•irty Nurthr- 1111529 ANNUAL REPORT AND ACCOVNTS FOR THE YEAR ENDED 31 DECEMBER 2023 RE ERVES P LICY 1. Ch•rlty Funds. The hJ* uNestncled inctyne lundg Ihal awe freely mlat4e lo spend on any ol the ch￿Y'l wrp)ses As pwt of 11K￿e lunds. the charny hc4ds reserv lor nsk mitigation and Ihe ddivery ¢J lulure w(4￿$ 2 R15k MIIIB4tion. The chanty has assessed Ihat a re8eP¥t shtyjd be hdd In c4se cl Unloreyeen emergency, such as a large fepar trfll. Ajihwgh the Intem￿ 8SPXt the buildir4J has been relurtlshed, th& a9? then is lul Ilgnrficant nsk ol malenal l&lure. b. Loss ol Incorne. As seen vhth COVlth19 p￿deMIC, the thvrty Is wKeot4e to a10s3 cl Inccffle. Il there w8$ 8 tot81 Ioss Lrflhe ￿lId1r￿j or 8 dosure. In t short lemi the chanly may use resewves lo m•nt•n Ihe ￿te and ch8nty wtr¥15t fomulating klans to scae back expenthlure and seek exlem815UPF#Yt 3. Futur• The ¢h8nly has a Ihfe&Fknase redevelopment FA￿ to secure Ihe fu¢ui• ol the Sports Club ￿lIding Improve 18¢Jhtses. Funds deta telow. are held In reser￿ lo deliver phase 2 of the Redelrtlopment Plan 4. Incornt St•blllty. The ¢haniy has steady Income Stre￿n5 frcrfn user groups. foolb teams. sile hire and bar laknngs. The hife lees uwdly cover cost Nnning the 31te and the bar la￿n9$ generale lurther funds. 5. Strateglc Pl•n. The Introdudic￿ ol the Stralegic Plan In 2022 ha• albwed the dbanty *m lThvard$ ImproV￿ents. forecast finanaa perfom7ance and de￿ wrth an51ng IMiies IhToughout Ihe year. It wll conbnue to map out htyl Ihe ¢hanty wll lund improvements In the shcyt, mediurn and long tern. Th• 8nnU￿ sh(￿ hcA¥ the ¢hanty ￿an$ lo fund In year aLlIMty, wl4ch be dosely monrttyed by Ihe tnjstees. For the delivery cl oiec*s, Ihe chanty Wms lo build a reserv¢ over seveid yews. because ￿nUal Inccffle 11 cover costs d e￿h ph•se ¢rflhe redeVelO￿ent ￿an. T￿se re5eThva be held a5 de￿gnated funds 89ainst speofi•d 6. R•s•rv•s. The chanly hc4ds Ihe Idlwng reseryes lo meet nsk nkngaticfj aThJ woieds rtlined ab)v•'. R•ww Typ• Ri$k Mrtigaii t7 Dw•t•d F￿39- Phase 2 Redevekpn￿l Pl loc￿lIc￿$ spxfr• Ic¢ P2 Prgectl EILKK¥J £15C(KJ Chw#y ILnds *kx8ied lo Ihe wqecl DC￿￿ed by Nthvath & Strwwcoj 0151ntt CLMJncil Dcn*ed by Ncrtiiwslwe Cwnly Ccrtwl Dry￿ed by BMA Chwrtable Tru$t Dcnated by JG Pe OLYwted ty Marshalls Coarhs Lld Ocfwted by Wamon £15CrfX) £2 7. The reserve hdd for nsk mrtig81ion ianges bets￿en £7000 and £10000. The Charrty m to stay above the higher end cl the tange t￿1 If the Iruslee$ deem rt nettssary, th se lunds which means entenng the reserve range. In the eveniudAy that reserve funds fall bdow £10000 9fe*ef expenthlurn c£¥rtTd5 wll be w In ￿ace ty the Inj￿e8¥ unbl the nsk mrtigauon reserves fecover. surroN-ON-TRE14T SPORTS AND COMMUIfft CENTRE Re9lSlered Charty NumLw- 1111529 ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 EPENDENT EXAMINER'S REPORTT I repm to the Twsiees rn my eXa￿￿nall0￿ d the acfthntg d the SuttcV￿TrQnI Spcrts and ComuThty Centre for tho year ended 31. December 2023, wlwth are oth cn pa 5. IN ThE USTEE These ac￿unIS have been wepared on a RetarAs and Paymenls b￿•. RESPONSIBILMES AND BASIS OF TRUSTEES AND EXAMINER The thanty's trusiees •re resp)ng¢ble fof Ihe Fffepjrobon cl the ac£fJurts. The Charrt*8 Inbstees cOn￿der ihat ihe audrt i¥ nol reqUI￿d for th13 year undw sethcm 144121 of the Chanbes Ad 2011 I reF*>1 In resred cl my examn*on d the ch*ity's accounts ￿ed out under sethon 145 the 2011 Act and In ¢￿￿ng ou1 my exanwnatson I have followed ￿1 Ihe •pphcatrAe thredions gvgn by the ch•rrty Ctrfb)n*￿on under section 145lSllbl crf the A INDEPENDENT EXAMINERS STA TEMENT I hav• CLvnFleted my exarThnat￿. l o)nfimi that no malend matters have comts lo my atterrtion In connethon with Ihe exam￿a￿On me c•Jse lo b￿¢¥* that in any M￿￿1•1 (11 Actojnting record$ were not kerA in rew d the tharity •$ reqLured by sedion 130ofthead or 121 The accounts do nL* aco)rd those rec¢￿$. I h•b* no Mncems and have c£¥n• ro dher matlers In connedion wlh the examinalion, to which anentson sho￿￿ be dI￿rn In Ihs re￿1 In syderlo enat4e ? prop underslanding d the a(K