Company number: 05869779 Charity number: 1117024
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Sherborne Sports and Leisure Limited FINANCIAL STATEMENTS
for the year ended 30 June 2025
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rR 1 Company Registration No.05869779 Charity Registration No. 1117024
Sherborne Sports and Leisure Limited CONTENTS
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|geee|tt|ELEA|AAAS|
|CONTENTS|Page|
|Legal|and|Administrative|Information|3|
|Trustees’|Report|4-7|
|Independent Auditor’s|Report|8-10|
|Statement|of Financial|Activities|11|
|Balance Sheet|12|
|Accounting|Policies|13-15|
|Notes to the|Financial|Statements|16-20|
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Charity Registration No. 1117024
Sherborne Sports and Leisure Limited LEGAL AND ADMINISTRATIVE INFORMATION
aa. —
TRUSTEES Mrs A L Harris
Mr M Snow Dr R M Sullivan MrsJ Dart Dr D Cole — (resigned 18 August 2025) Mrs M Wingfield Digby (resigned 1 July 2024) Mr S Worthy — (appointed 18 August 2025)
COMPANY SECRETARY
Miss C A Barnett
COMPANY NUMBER - 05869779
CHARITY NUMBER - 1117024
REGISTERED OFFICE
Sherborne School for Girls Bradford Road Sherborne Dorset DT9 3QN
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INDEPENDENT AUDITOR
Crowe U.K LLP 4 Floor, St James House St James Square Cheltenham Gloucestershire GL50 3PR
BANKERS
National Westminster Bank plc 2 Hendford Yeovil Somerset BA20 1TN
Lloyds Bank 9 High Street Yeovil BA20 1RN
SENIOR MANAGEMENT
J Dart S Hurley G Hesketh D Martin nnn 3 Company Registration No.05869779ars Charity Registration No. 1117024
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e s « e Sherborne Sports and Leisure Limited TRUSTEES’ REPORT
I a
The Trustees of the charity, who are also directors for the purposes of the Companies Act, present their report and the financial statements of Sherborne Sports and Leisure Limited for the year ended 30 June 2025.
ORGANISATION AND STRUCTURE
Sherborne Sports and Leisure Limited is constituted as a company limited by guarantee (Company registration number 05869779). It is governed by a Memorandum and Articles of Association, which was last amended on 7 July 2006. The company is a wholly owned subsidiary of Sherborne Schools Group, a company limited by guarantee and a registered charity (Note 13). Sherborne Sports and Leisure Limited was established as a charity on 28 November 2006 (Charity registration number 1117024).
Sherborne Sports and Leisure Limited has three committee meetings each year, where financial and operational management information is provided and discussed. Future planning is then carried out, based on this information. On 1 July 2024 Sherborne School for Girls joined the Sherborne Schools Group, registered in England No 4002575, charity number 1081228. Sherborne School for Girls gifted its trade and assets, and transferred control of this company, to Sherborne Schools Group.
REVIEW OF ACTIVITIES AND FUTURE PLANS
Sherborne Sports and Leisure Limited is an arms-length charitable company operated by Sherborne Schools Group. The Company’s sports centre (The Oxley Sports Centre) at Sherborne School for Girls is operated as a full “dual use” facility for the benefit of both the School and the local community. The local community has access to over 66% of the Centre’s opening hours.
Under the new Group structure the Oxley Sports Centre has been working closely with Sherborne Sports Centre to share best practice and expertise with a view to closer alignment of common objectives in the future. Practical differences in management structures and day-to-day operating procedures means a long lead in time is required before any prospect of generating efficiencies or providing a broader offering for members and pupils can be achieved.
PRINCIPAL OBJECTS, AIMS AND STRATEGIES
The charitable objects of Sherborne Sports and Leisure Limited, as set out in the Memorandum and Articles of Association are to:
“orovide or assist in the provision of facilities and services for recreational, sporting or other leisure time occupation in the interests of social welfare; such facilities being provided to Sherborne School for Girls and to the public at large, save that special facilities may be provided for persons who by reason of their youth, age, infirmary or disability, poverty or social and economic circumstances may have need of special facilities and services; and/or such other charitable purposes beneficial to the community consistent with the objects above as the Trustees shall in their absolute discretion determine.”
In providing the local community with increased access to sports facilities and in creating new opportunities for disadvantaged members of the community and local schools, the Trustees feel that charitable objects have been met, although it is recognised that more can still be done.
en4 CompanyaRegistrationerNo.05869779ean Charity Registration No. 1117024
Sherborne Sports and Leisure Limited TRUSTEES’ REPORT (continued)
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The objectives for the next financial year are as follows:
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® Objective 1: continue to improve services and facilities and ensure the Centre fulfils its charitable obligations.
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e Objective 2: increase participation across the spectrum of activities delivered by the Oxley and explore new revenue streams.
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e Objective 3: to repurpose the out-of-use squash courts to meet the increasing demand for space in the fitness suite.
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© Objective 4: to upgrade the spin bikes which are end-of-life under a new lease agreement. e Objective 5: increase the number of full members. e Objective 6: to work closely with Sherborne Sports Centre to meet the needs of the wider community whilst enhancing the provision for pupils in all four schools in the Sherborne Schools Group.
An important measure of these objectives will be membership numbers and the retention of these members.
Public benefit In setting our objectives and planning our activities the Trustees have given careful consideration to the Charity Commission's general guidance on public benefit.
TRUSTEES The following trustees have held office since 1 July 2024:
Mrs A L Harris Dr R M Sullivan Mr M Snow MrsJ Dart Dr D Cole (resigned 18 August 2025) Mrs M Wingfield Digby (resigned 1 July 2024) Mr $ Worthy (appointed 18 August 2025)
RECRUITMENT AND TRAINING
The majority of the Company’s Trustees are members of staff and Governors for Sherborne Schools Group. One trustee is appointed from the local community. On appointment the trustee receive an information pack, which focuses on the role and responsibility of a Trustee, and introductory briefings.
The day to day running of the Charity is delegated to the Centre management. The Centre Manager’s remuneration is decided by the Trustees. Factors taken into consideration are the responsibilities of the role, comparison to industry average, sector performance and inflation rates.
FINANCIAL REVIEW
The results for the year are shown in the attached financial statements. Sherborne Sports and Leisure Limited made a net surplus for the period of £41,241 (2024: £26,352 deficit). The company has performed better than expected. Capital investment was maintained in the year. In the meantime, Sherborne Sports and Leisure Limited will continue to identify more efficient ways to operate by increasing income and decreasing costs, which will lead to an improvement in the operational surplus.
eeee a SS 5 Company Registration No.05869779 Charity Registration No. 1117024 ne
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Sherborne Sports and Leisure Limited TRUSTEES’ REPORT (continued) a
RESERVES POLICY
The cumulative surplus on unrestricted funds at the year was £65,546 (2024: £24,267). Projected cash flows over the next year are considered sufficient by the Trustees to cover the risks and uncertainties of operating as a Sports and Leisure facility.
The policy is to build reserves, to reinvest in future developments and to settle outstanding loans.
RISK MANAGEMENT
The Trustees identify key areas of risk and seek to mitigate these through established reporting and monitoring systems. The Board reviews the company’s risk register annually and receives reports from management of key areas of risk to the Sports Centre. The risk register is a comprehensive list of internal and external risks such as reputational risk, compliance risk and financial risk. Each risk has an owner and mitigating strategies. Some of the risks which challenge Sherborne Sports and Leisure Limited are listed below:
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Changes in Charitable Rate Relief legislation. Provisions have been built into the budget to account for the potential increase in costs.
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- Increasing demand on Health and Safety legislation. A health and safety audit will be carried out annually to mitigate risk in this area.
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- Potential increase in competition from local competitors. Members will be surveyed regularly to ensure the Centre remains an attractive option and investment is channelled for the benefit of all members and pupils.
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- Utility costs and other inflationary pressures will be monitored throughout the year.
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The Trustees (who are also directors of Sherborne Sports and Leisure Limited for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and FRS102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the Trustees are required to:
- a. select suitable accounting policies and then apply them consistently; b. observe the methods and principles in the Charities SORP; C. make judgements and estimates that are reasonable and prudent; and d. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company company will continue in business.
| the charitable company company will continue in business. | | The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the | charity’s transactions, disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the requirements of the Companies Act 2006 and the provisions of the charity’s constitution. They are also responsible for | safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention | and detection of fraud and other irregularities.
6 Company Registration No.05869779 Charity Registration No. 1117024
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Sherborne Sports and Leisure Limited TRUSTEES’ REPORT (continued) I
The Trustees confirm that they have complied with the duty in section 17 of the Charities Act 2006 to have due regard to the Charity Commission’s published general and relevant sub-sector guidance concerning the operation of the public benefit requirement under that act.
In so far as each of the Trustees of the Charity at the date of approval of this report is aware;
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© there is no relevant audit information (information needed by the charity’s auditor in connection with preparing the audit report) of which the charity auditor is aware, and
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e that they have taken all the steps they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
CHARITY GOVERNANCE CODE
Sherborne Sports and Leisure Limited is a not for profit organisation which aims to follow charity sector best practice, the Board members reviewed the updated version of the Charity Governance Code (the “Code”) in 2019. The Trustees consider that Sherborne Sports and Leisure Limited’s governance framework does align with the Code.
FUND RAISING STANDARDS
Sherborne Sports and Leisure Limited is not a fundraising charity and does not currently subscribe to any specific fundraising standards or schemes for fundraising regulation but considers that it has set appropriate standards for the operation and management of its fundraising activities. In particular, Sherborne Sports and Leisure Limited considers that its processes and controls should ensure that vulnerable people and other members of the public are protected from any unreasonable intrusion on a person’s privacy and that no fundraising activities would be unreasonably persistent or place undue pressure on a person to give money or other property.
SMALL COMPANY PROVISIONS
This report has been prepared in accordance with the provisions applicable to companies entitled to the small
companies exemption.
AUDITOR
A resolution will be proposed at the annual general meeting to reappoint Crowe U.K LLP, who have indicated their willingness to continue in office.
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This Annual Report, prepared under the Charities Act 2011 and the Companies Act 2006, was approved by the Trustees of Sherborne Sports and Leisure on ZS NareWZG and is signed and authorised on its behalf by:
Dr RM Sullivan - Trustee
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I 7 Company Registration No.05869779 Charity Registration No. 1117024
Sherborne Sports and Leisure Limited (Statement of Financial Activities) For the period ended 30 June 2025
Opinion
We have audited the financial statements of Sherborne Sports and Leisure Limited for the period ended 30 June 2025 which comprise Income and Expenditure account, the Balance Sheet notes to the financial statements, including 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:
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e give a true and fair view ofthe[state][of][ the][charitable][company’s][affairs][as][at][30][June][2025][and][of][its] incoming resources and application of resources, including its income and expenditure for the year then ended;
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e have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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e have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for 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 Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent ofthe[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.
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Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
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Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information contained within the annual report. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s 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.
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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 this gives rise to a material misstatement in the financial statements themselves. 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.
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Sherborne Sports and Leisure Limited TRUSTEES’ REPORT (continued)
We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
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In our opinion based on the work undertaken in the course of our audit
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e the information given in the trustees’ report, which includes the directors’ report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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e the directors’ report included within the trustees’ report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception In light of the 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 directors’ report included within the trustees’ report.
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We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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e adequate accounting records have not been kept; or
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e the financial statements are not in agreement with the accounting records and returns; or
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e certain disclosures of trustees' remuneration specified by law are not made; or
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e we have not received all the information and explanations we require for our audit or
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e the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption in preparing the trustees’ report.
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Responsibilities of trustees
As explained more fully in the trustees’ responsibilities statement set out on page 6, 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.
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Auditor’s 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 auditor’s 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.
9 Company Registration No.05869779 Charity Registration No. 1117024
Sherborne Sports and Leisure Limited TRUSTEES’ REPORT (continued)
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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We obtained an understanding of the legal and regulatory frameworks within which the company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006 and Taxation legislation.
We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management. Our audit procedures to respond to these risks include enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals and reviewing accounting estimates for biases.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing noncompliance and cannot be expected to detect non-compliance with all laws and regulations. These inherent limitations are particularly significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed to avoid detection, including deliberate failure to record transactions, collusion or the provision of intentional misrepresentations. 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 auditor’s 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 auditor’s 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 the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
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Cn, §\—
Guy Biggin Senior Statutory Auditor For and on behalf of
Crowe U.K. LLP
Statutory Auditor Ath Floor St James House St James Square Cheltenham GL50 3PR
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25 March 2026
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10 Company Registration No.05869779 Charity Registration No. 1117024
Sherborne Sports and Leisure Limited STATEMENT OF FINANCIAL ACTIVITIES For the year ended 30 June 2025
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|---|---|---|---|---|
|Total|Total|
|Unrestricted|Funds|—_|Unrestricted|Funds|
|Notes|12months to 30|10 months to 30|
|June|2025|June|2024|
|£|£|
|INCOME|FROM:|
|1,339,758|1,080,127|
|;|—|
|Charitable|activities|2|
|Total|income|1,339,758|1,080,127|
|EXPENDITURE|ON:|
|Charitable activities|3|(1,298,517)|(1,106,479)|
|Total|expenditure|(1,298,517)|(1,106,479)|
|Net outgoing funds|12|41,241|(26,352)|
|Fund|balances brought forward|24,305|50,657|
|Fund balances|carried forward|65,546|24,305|
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All the above results derive from the continuing activities of the charity.
There are no gains or losses other than those shown above.
The accompanying notes on pages 12 to 20 are an integral part of this Statement of Financial Activities.
ne 11 Company Registration No.05869779 Charity Registration No. 1117024
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Sherborne Sports and Leisure Limited
BALANCE SHEET
as at 30 June 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| TangibleAssets | 7 | 1,914,856 | 1,984,478 |
| CURRENTASSETS | |||
| Stocks | 5,494 | 3,096 | |
| Debtors | 8 | 106,140 | 106,105 |
| Cash atbankand in hand | 286,824 | 87,518 | |
| 398,458 | 196,719 | ||
| CREDITORS:Amountsfallingduewithinoneyear | 9 | (181,664) | (75,788) |
| NETCURRENTASSETS | 216,794 | 120,931 | |
| TOTALNETASSETS LESSCURRENT LIABILITIES | ————— | —_———- | |
| 2,131,650 | 2,105,409 | ||
| CREDITORS:Amountsdueinmorethanoneyear | 10 | (2,066,104) | (2,081,104) |
| NETASSETS | 65,546 | 24,305 | |
| Represented by: | |||
| GeneralUnrestrictedFund | 12 | 65,546 | 24,305 |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved and authorised for issue by the board on 23 Wo cn) LeZe&.,:
Dr R M Sullivan Trustee
The accompanying notes on pages 12 to 20 are an integral part of this Balance Sheet.
enA 12 Company Registration No.05869779 Charity Registration No. 1117024
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Sherborne Sports and Leisure« Lime itede NOTES TO THE FINANCIAL STATEMENTS for the year ended 30 June 2025
1 ACCOUNTING POLICIES
a) Charity information
Sherborne Sports and Leisure Limited is a registered charity with the Charities Commission England and Wales (charity number: 1117024) and an incorporated private company limited by guarantee (company number: 05869779). The address of its registered office is Sherborne School for Girls, Bradford Road, Sherborne, Dorset, DT9 3QN.
b) Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared in accordance with 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.
Sherborne Sports and Leisure Limited meets the definition of a public benefit entity under FRS 102.
During the previous year, the charity shortened its year end. As a result, these financial statements are drawn up for the 12-month period to 30 June 2025, whilst the comparatives are for the 10-month period to 30 June 2024. As a result, the comparatives amounts presented in the financial statements are not directly comparable. c)FRSReduced 102 allowsdisclosure a qualifying entityexemptions certain disclosurefor subsidiaries exemptions, subject to certain conditions, which thehave been company's immediatecomplied with, parent.including notification of, and no objections to, the used of exemptions by The company has taken advantage of the following exemptions: e Nostatement of cash flows has been presented, as the wholly owned subsidiary is included in the consolidated financial statements of the group.
- e Disclosures in respect of the company's financial instruments have not been presented as equivalent disclosures are included in the consolidated financial statements of the group in which the entity is consolidated.
d) Going concern
At the year end, the Company had net assets of £65,546 (2024: net assets of £24,305).
For long term finance the company relies on loans provided by its parent undertaking disclosed in note 10. The parent undertaking has confirmed it will not seek repayment of loans due to it fora period of 12 months from the date of approval of these financial statements without first considering the ability of this Company to meet its third-party liabilities as they fall due. On this basis the directors conclude that it is appropriate to prepare the financial statements on the going concern basis.
en
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in
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: Sherborne Sports and Leisure Limitea NOTES TO THE FINANCIAL STATEM ENTS (continued) for the year ended 30 June 2025
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e) Income
All income is recognised when the charity is legally entitled to the income and any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably.
f) Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.
g) Tangible fixed assets
Tangible fixed assets are stated at cost net of depreciation and any provision for impairment.
Items costing less than £1,000 are written off in the year of purchase.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
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Buildings 2% on cost straight line
Computer equipment 33%% on cost straight line
Furniture, fixtures and equipment 10% - 33%% on cost straight line
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No depreciation is provided on assets in the course of construction.
h) Stock Stocks are stated at the lower of cost and net realisable value.
i) Debtors
Short term debtors are measured at transaction price, less any impairment.
j) Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions.
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k) Creditors
Short term creditors are measured at the transaction price.
|) Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable.
Basic financial assets and liabilities that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration, expected to be paid or received. See notes 8 and 9.
eemS SS prt 14 Company Registration No.05869779 Charity Registration No. 1117024
Sherborne Sports and Leisure Litmiteu NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 30 June 2025
m) Finance and operating leases
Rentals applicable to operating leases are charged to the SOFA over the period in which the cost is incurred. Assets purchased under finance lease are capitalised as fixed assets. Obligations under such agreements are included in creditors. The difference between the capitalised cost and the total obligation under the lease represents the finance charges. Finance charges are written off to the SOFA over the period of the lease so as to produce a constant periodic rate of charge.
n) Pension contributions
The amounts charged to the profit and loss account in respect of pension costs is the contributions payable in the year to a defined contribution pension scheme.
o) Grant accounting policy The charity is not in receipt of any grants and does not make any.
p) Critical accounting judgements and key sources of estimation uncertainty
Preparation of the financial statements requires management to consider making any significant judgements and estimates where necessary. There are no items in the financial statements where significant judgements and estimations have been made.
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ne 15 Company RegistrationransNo.05869779 Charity Registration No. 1117024
Sherborne Sports and Leisure Limited NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 30 June 2025
2 INCOME FROM CHARITABLE ACTIVITIES
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|---|---|---|---|
|2025|June|2024|
|(12|months)|(10|months)|
|£|£|
|Licences|175,719|143,040|
|Memberships|408,026|314,063|
|Pay and|Play|83,672|67,565|
|External|Lets|142,775|117,403|
|Swimming Lessons|200,944|162,012|
|Retail|91,230|75,268|
|Rent|224,848|192,715|
|Other Income|12,544|8,061|
|Total|——|ce|
|1,339,758|1,080,127|
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|3|COST OF|CHARITABLE|ACTIVITIES|
|Staff Costs|Depreciation|Other|June 2025|June 2024|
|(12|months)|(10|months)|
|£|£|£|£|£|
|Support Costs|654,330|34,206|292,062|980,598|746,333|
|Establishment Costs|-|51,225|264,862|316,087|358,314|
|Governance|Costs|-|-|1,832|1,832|1,832|
|654,330|85,431|558,756|1,298,517|1,106,479|
|4|MOVEMENT|IN|FUNDS|
|June|2025|June|2024|
|(12|months)|(10|months)|
|£|£|
|This|is|stated|after|charging:|
|Depreciation|and|amounts written|off tangible fixed|assets:|
|Charge|for|the|year|
|Owned|assets|85,431|71,862|
|Auditor's remuneration|2,794|2,650|
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Charity Registration No. 1117024
Sherborne Sports and Leisure Limited NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 30 June 2025
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|5|EMPLOYEES|2025|2024|
|(12|months)|(10|months)|
|No|No|
|The average weekly number of persons|(including directors) employed|by|
|the|Company|during the|year was:|
|Centre management & coaches|55|61|
|Staff costs for above persons:|June 2025|June 2024|
|(12 months)|(10|months)|
|£|£|
|Wages and|salaries|579,733|467,905|
|Social security costs|36,523|22,765|
|Pension|costs|38,074|29,178|
|654,330|519,848|
|The trustees received|no remuneration|or expenses during the period|(2024:|Enil).|
|No|employees’|emoluments exceeded £60,000|in the|period.|
|June|2025|June|2024|
|(12|months)|(10 months)|
|£|£|
|Remuneration|paid|to Senior Management|113,449|87,368|
----- End of picture text -----
Senior Management includes the Centre Manager and Deputy Managers.
6 TAXATION
The Company is a registered charity and, as such, is exempt from tax under Section 505 of the Income and Corporation Taxes Act 1988, so long as its income is applied for charitable purposes only.
05869779 17 Company Registration No.05869779 Charity Registration No. 1117024
Sherborne Sports and Leisure Limited NOTES TO THE FINANCIAL STATEMENTS (continued)
for the year ended 30 June 2025
7 TANGIBLE FIXED ASSETS
| Furniture, | |||
|---|---|---|---|
| Buildings £ |
Fixturesand Fittings |
Total £ |
|
| £ | |||
| Costs At 1July2024 Additions |
2,589,453 - - |
435,830 15,809 - |
3,025,283 15,809 - |
| Disposals At30June2025 |
——— 2,589,453 |
—_—- 451,639 |
———— 3,041,092 |
| Deprecation At1July2024 Chargeforthe period |
783,061 51,789 - |
257,744 33,642 . |
1,040,805 85,431 - |
| Disposals At30June2025 |
—— 834,850 |
— 291,386 |
————— 1,126,236 |
| Net Book Value At30June 2025 |
1,754,603 | 160,253 | 1,914,856 |
| At30June2024 | 1,806,392 | 178,086 | 1,984,478 |
| 8 DEBTORS |
30 June2025 £ |
30June2024 £ |
|
| Duefrom group undertakings Otherdebtors |
73,243 32,897 |
67,356 38,749 |
|
| 106,140 | 106,105 |
Ee 18 Company Registrationer rena No.05869779rT eer Charity Registration No. 1117024
:
| | | |
Sherborne Sports and Leisure Limited NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 30 June 2025
==> picture [440 x 159] intentionally omitted <==
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|||||||||
|---|---|---|---|---|---|---|---|
|9|CREDITORS: Amounts|falling due within|one|year|30 June 2025|30 June|2024|
|£|£|
|Other|creditors|and|accruals|63,541|26,191|
|Taxation|and|social|security|24,718|38,417|
|Due to group|undertakings|93,405|11,180|
|181,664|75,788|
|10|CREDITORS: Amounts|falling|due|after one year|2025|2024|
|£|£|
|Loan|from group|undertakings|2,066,104|2,081,104|
----- End of picture text -----
During the period, the company maintained its loan from Sherborne Schools Group. At the period end this amounted to £2,066,104 (2024: £2,081,104). The loan is secured over the property and assets of the company, with interest being charged at 1.25% above base. Interest amounted to £123,357 (2024: £108,262) in the year.
==> picture [442 x 216] intentionally omitted <==
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|||||||||
|---|---|---|---|---|---|---|---|
|41.|OPERATING|LEASE|COMMITMENTS|
|30 June|2025|30|June|2024|
|Total value|of minimum|lease payments|over|remaining|life:|£|£|
|Within|one year|9,651|24,392|
|Within|two|to five years|1,710|11,361|
|More|than|five|years|-|-|
|12|UNRESTRICTED|FUNDS|30 June|2025|30 June|2024|
|£|£|
|Bought forward|24,305|50,657|
|Net movement|in funds|41,241|(26,352)|
|Carried forward|————|—_———|
|65,546|24,305|
----- End of picture text -----
13 PARENT UNDERTAKING
The ultimate parent undertaking at 30 June 2025 is Sherborne Schools Group, a registered charity (charity number: 1081228) and registered company (company number: 04002575) in the United Kingdom. Registered office, Abbey Road, Sherborne, Dorset, DT9 3LF. The school provides education for girls and/or boys.
On 1 July 2024 Sherborne School for Girls gifted its trade and assets and transferred control of this company, to Sherborne Schools Group.
19 Company Registration No.05869779 Charity Registration No. 1117024
Sherborne Sports and Leisure Lirmiteu NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 30 June 2025
|
The largest and smallest group in which the results of the company are consolidated is headed by the parent undertaking, Sherborne Schools Group. A copy of the consolidated financial statements are available from Companies House Cardiff.
14 TRANSACTIONS INVOLVING TRUSTEES
Each of the following directors were involved in the management of Sherborne Schools Group during the year as follows:
Mrs A L Harris Governor Dr R M Sullivan Head of Sherborne Girls MrsJ Dart Deputy Head, Sherborne Girls Dr DC Cole Chief Operating Officer
There were no transactions between the company and the above parties in the year.
-
15 RELATED PARTY TRANSACTIONS
-
a) Transactions with Trustees
During the year the company paid no remuneration or expenses to Trustees of the company.
b) Related Parties Sherborne Sports and Leisure Limited has been wholly owned by Sherborne Schools Group since 1 July 2024. On 1 July 2024 Sherborne School for Girls gifted its trade and assets and transferred control of this company, to Sherborne Schools Group.
The company was owed £73,243 from (2024: £67,356, was owed from) its parent undertaking for services throughout the year which is repayable on demand.
The company owe £2,066,104 (2024: £2,081,104) to its parent undertaking for a loan issued by the parent. However, the parent has given assurance that this is not repayable for at least 12 months from the signing of these accounts. The company has sold £427,374 (2024: £364,734) worth of services and goods to its parent undertaking during the period.
The company has purchased £834,692 (2024: £37,946) worth of services and goods from its parent undertaking during the period.
The company owes £93,405 to (2024: £11,180) its parent undertaking for services throughout the year which is repayable on demand.
ST 20 Company Registration No.05869779 Charity Registration No. 1117024