Charlty number: 1124425 TRENT BRIDGE COMMUNITY SPORTS TRUST Unaudlted Trustses, report and financlal 8tatoments For the year ended 31 March 2024
TRENT BRIDGE COMMUNITY SPORTS TRUST Contents Page R•ference and administratlve details of the Charity, Its Trustees and advisers Chalrfs statsment Trustees. report Independent examIn•$ report Statement of flnanclal aetfvlt5e$ Balance sheet 10 Not•8 to the financl•l 8tat•ments
TRENT BRIDGE COMMUNITY SPORTS TRUST Reference and administrative detslls of the Charlty, Its Trustees and advlsers For the year ended 31 March 2024 Trust••* Kate Davies OBE Joanne Belton Lisa Pursehouse MBE Mark Worrall Paul Ellis Navdeep Sethi (appointed 23 May 2023) Celeste Sinclair (appointed 23 May 2023) Jame8 Cutt (appointed 23 May 2023) Charfty rnglst•r•d numbor 1124425 Reglstered office Trent Bridge Nottingham Nottinghamshire NG2 6AG Accountants PKF Smith Cooper Audit Limited 2 Lace Market Square Nottingham NG1 1PB Banker• Virgin Money 11 Smithy Row Nottingham NG13EJ Natwest 52 Rectory Road Nottingham NG2 6FF Sollcltors Freeth Cartwright LLP Cumberland Court 80 Mount Street Nottingham NG16HH Page 1
TRENT BRIDGE COMMUNITY SPORTS TRUST Chalrfs statement For the year ended 31 March 2024 The year ended 31 March 2024 saw the Trust continue its mission to improve the lives of people in our local communities. The Trust uses its stature in Nottingham and across Nottinghamshire as a force for good. A new management team from the summer of 2023 has brought fresh perspectiv8 whilst our long-standing programmes continue to flourish. The Forget Me Notts programme, which runs reminiscence café events and physical activity Sessions, continues to have a positive impact on both people living with dementia and their carers. A proud accomplishment of the Twst has been to secure the future of Forget Me Notts for a further tsvo years. We launched the
Donate4Dementia campaign in March 2023 to safeguard the stimulating activities and events offered by the
programme as its previous funding cycle ended. The fundraising finale was the Zipwire challenge in July 2023 wherè over 90 brave souls took on the 40-mile-per-hour ride above the i¢oni¢ Trent Bridge turf. In Cotgravè, our work to Support people facing difficuttie8 managing their mental wellbèing led to the delivery of Notts in Mind.. Women. This programme endeavours to support participants to increase self4steem, build confidence, improve fitness levels and develop support networks. The Trust ha8 also continued to offer vital support to local School children, offering guidance on career pathways, promoting heatthy lifestyle choices and provKling face-to-face mentorship and life skills opportunitie5. The Rushcliffe and Nottingham City Positive Futures programmes have 8UPPOrted over 100 young people including the training of peer mentors to extend the reach of these influential initiatives still further. Our Virtual Schools Programme has engaged young looked-after people with more complex behavioural needs, helping them to improve their acadèmic attainment, attrtude to learning, health, wellbeing and resilience. In January 2023 our legal framework Switched from being a company limited by guarantee to a more rnodem constitution, frt for purpose for the challenges ahead. Our first year as a Charitable Incorpofated Organisation has seen our projects continue to deliver much-needed. tsngible benefits to improve the quality of lrfe across wide-range ol community groups. AS ever, my thanks go to those who have supported the Trust and its work over the last year. The meaningful change we will help to bring about to the lives of people in our cty and county would not be possible without the support of our donors, sponsors, officers, trustees and Rushcliffe Borough Council who continue to be a valued partner. Llsa Purs•house MBE Date.. Ib( Itli(f Page 2
TRENT BRIDGE COMMUNITY SPORTS TRUST Trustees. roport For the year ended 31 March 2024 The Trustees present their annual report together with the financial ststements of the Charity for the year ended 31 March 2024. The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Chanties.. Ststement 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 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. Trent Bridgé Community Sports Trust was a charitable company limited by guarantee. InrpOrated on '15 February 2008, company number 6505808 until 11 January 2023. The company regislered as a charity on 9 June 2008. number 1124425. The company wa8 established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the •vont of the company being wound up each member was required to contribute an amount not excegding £10. From 12 January 2023 the Trust has been a Charitable Incorporated Organisatlon followlng a decision to update our governance. The first step of our modemisation plan was to update the Trust's constitution. Since 2011 the most commonty used incorporated structure for a Charity is a Charitable Incorporated Organisation (CIO). Many older organisations use an old structure (Charitable Company Limrted by Guarant88} but this is no longer recommended by the Charty CommissÉon due to the additional bureaucracy it entails {registering with both the Charty Commission and as a company). In order to use thi8 model, we needed to change our Company Limited by Guarantee to a CIO. This w88 a sirnple process and we We able to retain our existing narne, charity number and bank accounts. The rnembers of the CIO have no liability to contribute to the assets of the CIO rf it is wound up. The objects of tha Trent Bridge Communty Trust have remained unchanged. Objectlves and actlvltlos . Pollcles and obJectfv68 The principal objectives of the charity are.. To promote community participatron in healthy recreation in particular by providing facilities ft>r and organi3ing the playing of cricket and other sports and games capable of promoting health,. To provide and assist in providing facilities for sport. recreation and other18isure time occupations of such persons who have need of such facilities by reason of their youth, age. infirmity or disablement, or poverty and social and economic circumstances or for the publrc at large in the interest of social welfare and with the object of improving their condition of lrfe; To advance the educatton of children and young people through sh means as the Trustees think frt in accordance wilh the law of the charty. The Trustees are aware that they must carry on the charitys activities ft>r the public benefft and that they must pay due regard to the guidance on public benefft issued by the Charty Commission. They consider that the charity's aims and activities are for the public benefit as oullined above. Vlslon Our vision is to use sport to d81iv8r inspirational. accessible and Inclusi initiatives,. to promole educatK)nal and social opportunits'es; to improve the qualty of life for diswjvantaged young people and to make a positive, real and lasting difference to the local communty. Page 3
TRENT BRIDGE COMMUNITY SPORTS TRUST Trustees. report (contlnued) For the year end 31 March 2024 Achievem•nts and perforniance . Revlew of activities The Chails report has already covered some of the activities undertaken this last year. Through our flagship programmes (Positive Futures, Virtual Schools Mentoring, Heatthy Hearts, Holiday Activities and Food, and Children in Need), we have provided vital guidance and support to local school children. Elsewhere, our health and wellbeing programmes (Forget Me Notts and Notts in Mind) have supported adults living with dementia, their carers, and those struggling with their mental health. The Rushclrffe Positive Futures programme is a flagship project that has been supported and funded by Rushcliffe Borough Council for many years, and rt continues to impact positively on the lives of young people across the borough. In 2023-24 we supported young people at risk of pemanent exclusion, diagnosed with Special Educational Needs or displaying aggressive behaviour through one-toOne mentoring and inteplention activities outside of school. In total, five secondary schools within the borough have been involved. The City Positive Futures project 18 an exlen8ion of the flagship programme delivered in Rushcliffe. Now in its second year, it is funded by the Nottingharnshire Police & Crime Commissioner (Make Notts Safe Fund) and the project works wrth five secondary schools within the cty. The aim of the project is to provide a package of school-based behavioural workshops, one-to-one mentoring and regular Sporting opportunities to young people aged 10-18 years living in Aspley, Bilborough and Leen Valley at risk of involvement wrth gangs, crime or being socially excluded. Our Virtual Schools Programrn8. funded by the Nottingham City Council Virtual Schools SeDiice, has supported 19 looked-after young people who have more complex behavioural needs, helping them to improve their academic attainment as well as their attitude to learning, health, wellbeing and resilience. 168 individual one-to- one sessions have been delivered by our project worker, SUPFX)rting each individual wrth a bespoke prograrnme that addresses their individual needs. Building a trusting, secure and professional relationship with each young person is key to the success of the programme. Understanding their circumstances and challenges and helping to find solutions and techniques empowers them to achieve their educational goals and improve their self-esteem and confidence. Our Hollday Adlvltles and Food progrnmme (HAF), for which we were a Lead Organisation alongside partners across the city, has engaged 5,135 young people acr08s five venues, providing multi-sport school holiday activities and lunches for those eligible for free school Meals in 2023. October 2023 saw the start of a new programme named 'lNclud•', funded by Nottingham Cty Council Mental Health Team. The project delivers after-school sessions targeting young people designed to support pupils to improve their wellbeing and attendance at school. while increasing thelr positi behaviours and providing an ¢)pportunity to engage in community activrties. Our Healthy Hearts prograrnme provides primary aged children with a six-week programme that introduces them to a 'Healihy Heart.. Through one-hour weekly sessions, Year 5 and 6 pupils are supported by our Trust team to leam the nuts and bolls of a healthy lifestyle. We show them what makes the most important organ in the body tick, and how to look after it into adutthood. The Trent Brldge Classroom provbdes primary schools with the opportunty to bring children to Trent Bridge to bring leaming to life through cricket. A day at Trent Bridge sees English, Maths, History and Geography transfomied by the power of cricket. There is also the chance for pupils to enjoy the game wth bat and ball too, through sessions delivered by a qualified teacher and Level 2 Cricket Coach. We have been tremendously thankful for the many generous donations we have received over the course of the year. and we were delighted to reach a stunning 1,000 indivKlual donations to our mental health programmes by late November. These donations, alongside the support from our partner organisations such as Rushcliffe Borough Council, Edwalton Golf Centre and Rushcliffe Dementia Action Neork, are vital to the work we do as we strive to increase our support for people in our communrties. Page 4
TRENT BRIDGE COMMUNITY SPORTS TRUST Trust••s' r•port (continued) For the year ended 31 March 2024 Achl•v•m•nts and p•rfomiance (continued) b. Fundraising activities and income generatlon The main thrust of the Charivs fundraising actmties is to apply for lump sum grants to appropriate institutions in order to fund services which complement the work of the Charty. The Charity does from time to kn'me receive donations from various individuals and institutions. which are gratefully accepted and put towards the financing of seNices in pursuance of the Charitys objectives. As well as funds received from all other sources, the Charity receives support from Nottinghamshire County Cricket Club Limited {Notts CCC) by way of donations and management expertise. For the year ended 31 March 2024 the amount ComMed by Notts CCC was £6,405 (2023.. £10,031). Flnanclal revlew a. Golng concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charty has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the 90ing concern basis can be found in the accounting policie8. b. Reserves policy The Trust is required to meet its C08ts from the income received through various funding agreements, all of vhich Set out the services that should be Supplied in order to fulfil the requirements of such restricted income. The Trust must therefore manage its finances on a sustainable basis. We should not hold or accumulate exc8ssive surpluses or deficits, as that would imply current service u8er8 8ub8idising future service u8ers or vice In order to ensure financial 8ustsinabilty, The Trust has set a tsrget range of free reserrfes. Free reserves are re8eDies that are not tied up in fixed assets. They are available to use as a source of working capital or to fund new investment. The target range for the period to 31 March 2024 rewnises the current funding agreements in place and their minimum period. The tsrget range also recognises that our liquidty is provided by the receipt of income in advance of delivgring Serlis. BKauso of this, The Trust is able to operate wrth zero free reserv. The upper limit of our target range 18 £77,000 (four months of budg6ted operating expen8e}, and the lower limit is zero free reserrfes. c. Flnanclal results The results for the year ended 31 March 2024 are detailed on pages 9 to 19. A surplus of £133,095 arose during the year, due to the fact that the Trust experienced staffing challenges. These challenges meant that it was sometirnes difficult to recruit when employees left, and this resulted in an underspend on planned salary expendFture. Going forward. the Trust aims to reduce chum on a sustainable basis. Total funds retained at the year*nd stood at £249.188. Page 5
TRENT BRIDGE COMMUNITY SPORTS TRUST Trustees. report (continued) For the year ended 31 March 2024 Structure, governance and management . Constltutlon Trent Bridge Community Sports Trust is a Charitable Incorporated Organisation (CIO), incorporated on 15 February 2008, and the Company number is 6505808. The Trust registered as a charity on 9 June 2008, registration number 1124425. From 12 January 2023 the Trust has beén a Charitable Incorporated Organisation following a decision to update our governance. b. Method8 of appolntmont or •l•ctlon of Tru•ts•¥ The management of the Company is the re$pon$ibilty of the Trustees who are elected and cwited under the terns of the goveming document. c. Organisational structure and declslon-maklng pollci Trent Bridge Community Sport8 Trust was a private company limited by guarantee overseen by a board of Trustees who have been selected for their individual areas of expertiS8. Since 12 January 2023 it ha8 been a Charitable IncorFX)rat8d Organisation. In the year to 31 March 2024, the Trustees delegated responsibility for the day to day management and operations of the Trust to the Finance & Development Director (Trent Bridge). The charity trustees are as follows, and were appointed for the following ternis: Lisa Pursehouse.. for 3 y88rs Joanne Belton: for 3 years Paul Ellis: for 3 years Mark Worrall.. for 3 years Kate Davies.. for 3 years Navdeep Sethi.. for 3 years James Cutt.. for 3 years Celeste Sinclair.. for 3 years Apart from the first charity trustees, every trustee must be appointéd for a t•m of three years by a resolution passed at a properfy convened meeting of the charity trustees. Page 6
TRENT BRIDGE COMMUNITY SPORTS TRUST Trustees. report (contlnued) For the year endad 31 March 2024 Statement of Trustees. respons5bilttles Functions and duties of charity twstees The charity trustee8 shall manage the affairs of the CIO and may for that purpose exercise all the powers of the CIO. It is the duty of each charity trustee: a) to exercise his or her powers and to perform his or her functions in his or her capacity as a trustee of the CIO in the way he or she decides in good farth would be most likely to further the purposes of the CIO.. and b) to exercise, in the performance of those fvnctions, such care and skill as 18 reasonable in the circumstsnces having regard in particular to.. any sp8cial knowledge or experience that he or 8he ha8 or holds himseff or herseff out as having,. and, if he or she act8 as a charity trustee of the CIO in the course of a business or profe33ion. to any special knowledge or experience that it is reasonable to expect of a person acting in thè course of that kind of business or profession. Approved by ordor of the member8 of the board of Trustees and signed on their behalf by: Paul Ell1¥ Trustee Date.. Page 7
TRENT BRIDGE COMMUNITY SPORTS TRUST Independent examine¢8 report For th• year •nd•d 31 March 2024 Independent éxaminerfs rèport to the Trustees of Trent Brldgo Communlty Sports Trust {Iho Charlty.) I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2024. Re8ponsibilitl•s and basls of report As the Trustees of the Charity you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 (Ihe 2011 Ad,). I report in respect of my examination of the Charitys axounts carri•d out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Direction8 given by the Charity Commisslon under section 145(5)(b) of the 2011 Act. Indep•nd•nt •Xomln•fs statornont Your attention is drawn to the fact that the Charity has prapared the accounts in accordance wlth Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financbal Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) in preference to the Accountin9 and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that thi8 has been done in order for the account8 to provide a true and fair view in accordance wrth the Generally Accepted Accounting Practice effective for reporting periads beginning on or after 1 January 2015. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination ging me cause to believe.. accounting records were not kept in resped of the Chaiity as required by section 130 of the 2011 Act; or the accounts do not accord with those records; or the accounts do not comply wrth the applicable requirements conceming the form and content of accounts set out in the Charrties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Yrue and fail view which is not a matter considered as p8rt of an independent examination. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with tha Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be aChed. This report is made solely to the Charws Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My Vrk has been undertaken so that I Mht state to the Charivs Trustees those matters l am required to state to them in an Independent examinerfs report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the haritys Trustees as a body, for my work or for this report. Signed: Dated.11 [IL( Iy Sarah Flear ACA PKF Smith Coop•r Audlt Llmlted Pa9e 8
TRENT BRIDGE COMMUNITY SPORTS TRUST Statement of financlal actfvltles (Incorpornting income and exponditure account) For the year ended 31 March 2024 Restrlcted Unrnstrlcted funds funds 2024 2024 Totsl funds 2024 Total fvnds 2023 Noto Income from: t)onations Charitable activities Investments Other income 9.254 2.601 9,254 693.209 4A36 11.409 546,318 2.952 2.608 690,608 Total Income 690.608 16.291 706.899 563,287 Expendlture on: Charitable activities 665,626 18,178 673,804 524.650 Total •xp•ndlture 566,626 18.178 573,804 524,650 Not movement In funds 134.982 (1,887) 133,095 38, 637 Reconclllatlon of funds: Total funds brought forward Net movement in fund8 76,608 134,982 39,686 {1,887) 116,093 133,096 77,456 38,637 Total funds carrlad foThYard 211,490 37,698 249,188 116,093 The Statement of financial activities includes all gains and1088e8 recognised in the year. The notes on pages 11 to 19 form part of these financial statements. Page 9
TRENT BRIDGE COMMUNITY SPORTS TRUST Registered numbor: 1124425 Balance sh•et As at 31 March 2024 2024 2023 Not Fixed assets Tangible assets 10 7,846 11,954 11,954 Current assets Debtors Cash at bank and in hand 11 32.274 362,707 t3,484 160.395 394.981 173,879 Creditors: amounts falling due within one year 12 (163,638) {69, 740) Net current amets 241.343 104, 139 T¢Jtal a8uts less current Ilabllltles 249,188 116,093 Total net assets 249,188 116,093 Charlty funds Restricted funds Unrestricted funds 13 13 211,490 37,698 76, 508 39,585 Total funds 249.188 116,093 The Charity wa8 entitled to exernptlon from audit under Section 144 of the Charities Acl 2011. Th• Charty was required to obtain an independent examination of the financial ststements in accordance with Seth'on 145 of the Charities Act 2011. The Trustees acknowledge their respon8ibiliti88 for complying with th• requirements of the Act with respect to accounting ordS and preparation of financial statements. Th& financial statements were approved and authorised for issue by the Trustees and signed on their bèhalf by.. Paul Ellis Trustee Date: 16 la¥Y The notes on pages 11 to 19 form part of these financial stst8ments. Page 10
TRENT BRIDGE COMMUNITY SPORTS TRUST Notss to the financial statements For the year ended 31 March 2024 Accountlng pollcles 1.1 Basis of pr•paration of financial statemènts 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 wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2015). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Ad 2011. Trent Bridge Communty Sports Trust meets the definition of a public benefit entty under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise ststed in the relevant accounting policy. The financial $tstements are presanted in sterfing, which 18 the functional currency of the company, and rounded to the near8st £1. 1.2 Charlty Status The Charty 18 a Charitable Incorporated Organisation (CIO) and a registered charity. The address of the charty's registered office and the charity registration number is given in the reference and administration page of these financial statements. The members of the charity are the Trustees named on page 1. In the event of the CIO being wound up, the members of the CIO have no liabilty to contribute to its a8sets and no personal re8ponsibilty for settling its debts and liabilities. A description of the nature of the charivs operations and its principal activities is given in the trustees report wrthin these financial statements. 1.3 Income All income 18 recognised once the Charity has entitlement to the income. it 18 probable that the Income will be received and the amount of income receivable can be measured reliably. Incoming resources comprise of voluntary income which includes donations and funding for specif projects. The Trust is usualty entitled to receive income from grants in stages over the course of each related project, which approximates to when related expenditure was expected to be incurred. Accordingly, all grant income is credrted to the Statement of Financial Activities when rt falls due to be received to th8 extent that it is matched by relevant expenditure. Any income received in advance of expenditure 1$ treated as deferred incom•. Other income is recognised in the period in which it is raceivable and to the extent the goods have been provided or on completion of the service. 1.4 Expendltur• 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 benefrts will be required in settlement and the amount of the obligation can be measured reliably. Expanditure is classified by activity. The costs of each actNrty are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activty. Direct costs attributable to a single activity are allocated directly to that activty. Shared costs which contribute to rn0 than one actmty and support costs which are not attributable to a single activity are apportioned belween those aclivrties 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 11
TRENT BRIDGE COMMUNITY SPORTS TRUST Notes to tho flnanclal statements For the year ended 31 March 2024 Accounting policies (continued) 1A Expendlture (continued) Charitable adivities and Govemance costs are costs incurred on the Charitys educational operations, including support costs and costs relating to the govemance of the Charity apportioned to charitable activities. 1.5 Tanglble flxed assets and deprnclallon Tangible fixed ass&ts costing more than £500 are capitalised. A review for impaim)ent of a fixed asset is carried out if event$ or Changes in ¢ircum$tans indicat• that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the statement of financial activrties incorporating income and expenditure account. Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is charged so as to allocate the cost of tsngible fixed assets. less their estimated residual value. over their expected useful lives. Depreciation is provided on the following basis: Fixtures and ffftings Office equipment 20% straight line 200h Strah1 line 1.6 Debtorn Trade and other debtors are recognised at the 8ettlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.7 Cash at bank and In hand Cash at bank and in hand includes cash and short-term highty liquid investments with a short maturity of three months or le88 from the date of acquisition or opening of the deposit or similar account. 1.8 Llabllltles and provlslons Llabilities 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 Charty anticipates it will pay to settle the debt or the amount rt 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 specffic to the liability. The unwinding of the discount is recognised wrthin interest payable and similar charges. Page 12
TRENT BRIDGE COMMUNITY SPORTS TRUST Notss to the financial statements For the year ended 31 March 2024 Accounting policies (continu> 1.9 Taxation The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore rt meets the definitton of a charrtable company for UK corporation tsx purposes. ACcdIngly, the Charty is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to charitable purposes. 1.10 P•n$lons The Charity operatos a dèfined contribution p•nsion $cheme and the pension charge represents the amounts payable by the Charty to the fund In respect of the year. 1.11 Fund accounllng General fvnds a unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectbves of the Charity and which have not been designated for other purposes. Restricted funds aro funds which are to be used in accordance with Specif restrictions imposed by donors or which have been raised by the Charty for particular purposes. The costs of raising and admini8tering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Donatlons Unrestricted funds 2024 Totsl funds 2024 Total funds 2023 Nottinghamshlre County Crfcket Club Other donations 6,405 2.849 6,405 10,031 1,378 9,254 9,254 11.409 Total 2023 11,409 11.409 Page 13
TRENT BRIDGE COMMUNITY SPORTS TRUST Notes to the financial statements For the year ended 31 March 2024 Income from charitable actlvltles Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Positive Futures Forget Me Notts YOUNG Healthy Hearts HAF Wellbeing Include Project Cotgrave Council Partnership Mentoring Weight Management Other grant income 174,947 174,947 175,574 45, 652 85,394 10,524 152,076 33.855 17,669 350 320,556 82,470 11,234 17,669 350 320.6S6 82,470 11,234 6,925 18, 766 9,028 8,524 39.424 40,625 3,333 39,424 40,625 5,934 2.601 690,608 2,801 693,209 546,318 Total 2023 540,968 5,350 546,318 Invtrnont Incom• Unrnstrlcted funds 2024 Total funds 2024 Tot81 funds 2023 Interest receivable 4,436 2,952 Total 2023 2,952 2,952 Page 14
TRENT BRIDGE COMMUNITY SPORTS TRUST Notss to the financ5al statements For the year ended 31 March 2024 Other income Unrestricted funds 2024 Totsl funds 2024 Total funds 2023 Managemenl fee 2,608 Tot812023 2,608 2,608 Anatysls of eXndIture on charftable adlvltl•8 Summary by lund typo Rostrlctsd Unrn8trlct•d funds funds 2024 2024 Total 2024 Total 2023 Support and governance costs Direct costs - other Direct costs - wages & salaries 37,301 267,777 250,548 853 11,780 5,545 38,154 279,667 256,093 8,407 267,225 249,018 555,626 18,178 673,804 524, 650 Total 2023 516,981 7,669 524,650 Direct costs include all costs related to the delivery of activities in line with our activities programme. Wages and salaries include our full-time and part41me Staff, and the Coach and trainers who are engaged in the delivery of our activities programme. Support costs includes èxpenditure on office rental and room hire. and general office costs. Governance costs 2024 2023 Independent examination of accounts Other legal and professional costs 5,456 13,661 6,220 17.113 19.117 23,333 Page 15
TRENT BRIDGE COMMUNITY SPORTS TRUST Not•s to the financlal statements For thé year endéd 31 March 2024 Ind•pendent examin•rfs r•muneratlon The independent examinerfs remuneration amounts to an independent examiner fee of £5,456 {2023 - £6.220). Staff costs 2024 2023 Wages and salarias Social security costs Defined contribution pension scheme costs 236,091 13.521 7A81 222, 965 18,515 7,538 256,093 249,018 The average number of per80ns empk)yed by the Charity during the year was as follows: 2024 2023 Employees 14 16 No employee received remuneration amounting to rnore than £60,000 in either year. 10. Tangible flx•d assets Flxtures and flttlngs •qulpment Total Cost At 1 April 2023 6,513 22.511 29,024 At 31 March 2024 6.S13 22.511 29,024 D•preclatlon At 1 April 2023 Charge for the year 6.513 10,557 4.109 17.070 4,109 At 31 March 2024 6,513 14.666 21.179 Net book value At 31 March 2024 At 31 March 2023 11,954 11,954 Page 16
TRENT BRIDGE COMMUNITY SPORTS TRUST Notes to the flnancial statements For the y•ar ended 31 March 2024 11. Debtors 2024 2023 Trade debtors Prepayments and accrued income 25,054 7.220 12.610 874 32,274 13,484 12. Credltorn: Amounts falllng du• wlthln on• y•ar 2024 2023 other creditors Accruals and deferred income 66,212 87.426 67.934 163,638 69, 740 2024 Deferrnd income Deferred income at 1 April 2023 Resources deferred during the year Amounts released from previous periods 65,874 61,286 166,874) Deferrad Income at 31 March 2024 61,286 Page 17
TRENT BRIDGE COMMUNITY SPORTS TRUST Notss to the flnancial statements For thè year ended 31 March 2024 13. Statsment of funds Statement of funds - current year Balancè at 31 March 2024 Balance at 1 April 2023 Income Expenditure Unrestrl¢tsd funds General Funds 39,586 16.291 118,178) 37.698 R•strlctsd funds Restricted Funds 76,508 690.608 1555,626) 211.490 Total of fund• 116.093 706.899 (573,804) 249,188 Statem•nt of fund• - prlor year Ba18nce at 31 Mah 2023 Balance at l Apnl 2022 Transfers in/¢Wt Incom8 Expenditure Unrestrlct•d fund• General Funds 33.435 22,319 (7. 669) (8, 500) 39,585 Restrlct•d fund8 Restricted Fund8 44.021 540,968 (516,981) 76,508 Total of funds 77.456 563.287 (524,650) 116,093 Page 18
TRENT BRIDGE COMMUNITY SPORTS TRUST Notss to the financial statements For the year ended 31 March 2024 14. Anatysis of nét assets between funds Analysls of net assets between funds - curr•nt porfod Restrlcted Unr•strlct•d funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditor8 due within one 7,845 249,400 145,581 394,981 (37,910) (115,728) (153,638) Total 211,490 37.698 249.188 Analy•l• of n•t au•t8 botwoen funds - prlor porlod Restricted Unrestiicted funds funds 2023 2023 Tot funds 2023 Tangible fixed a88ets Current assets Creditors due within one year It,954 41,497 (13,866) 11,954 173,879 (69, T40) 132,382 (55, 874) Total 76,508 39,585 116,093 15. Related party transactlons By virtue of its support to the Trust and the fact that three of the companls Trustees are employees of Nottinghamshire County Cricket Club (NCCC). NCCC 18 treated as a related party. NCCC has pledged unrestricted donations during the year of £6.405 (2023: £10,031). As at the balance sheet date an amount of £5,402 (2023.. £102) was due from NCCC to the Trust in relation to these donations. Page19