The Yorobridge Sports Development Assoclatk)n Ltd Financial Statements st Year Ended 31 March 2025 Charity registration number.. 1126795 Company registration number: 05493687 The Yorebridge Sports Developrnant Assoclatlon Ltd Financial Statements Year Ended 31st March 2025 Contents Page Charity Reference and Administrative Details Trustees, Annual Report (Including Directors, Report) Independent Examiner's Report Statement of Financial Activits'es (including Income & Expenditure Account) Balance Sheet Notes to the Financial Statements 10-17 The Yorebridge Sports Development Assoclatlon Ltd Trustees, Annual Roport (Including Dlrectors Report) Year Ended 31 March 2025 Charlty registratlon number 1126795 Company registratlon number 05493687 Truslee Dlrnctors Mr H A Kirkbride Mrs Y Peacock Mrs K E Civil Mrs R V Hurn Mrs R Dechezeaux Mr P J Miller Mr G A Bladon Chalrp•rson MrsR VHUM Secretary Mr G A Bladon Registernd offlce The Wensleydale Centre Yorebridge Askrigg Leyburn North Yorkshire DL8 3BJ Indepondent examlnors Yorkshire Dales Accountsncy Kiln Place. Dryden House Market Place Hawes North Yorkshire DL8 3RA The Yorebridge Sports Development Assoclatlon Ltd Trustees, Annual Report (Including Directors Report) Year Ended 31st March 2025 The trustees present thelr report and the flnancial slatemants of the charity for the year ended 31 $1 March 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounb"ng and Reporting by Charities" in preparing tha annual report and financial slatements of the charity. The financial statefnents have been p￿pared in accordan￿ with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Chanties Act 2011 and Accounting and Reporting by Charities.. statement of Recommended Practsce applicable to charities preparing their accounts in accordance wilh the Financ￿1 Reporting Standard applicable in the UK and Republic of Ireland published in October 2019 Trustees of tho charlty The directors of the charrtable company are its trustees for the purposes of charity law. The trustees directors who have seNed during the year and since the year end were as follows.. Mr H A Kirkbride Mrs Y Peacock Mrs K E Civil Mrs R V Hurn Mrs R Dechezeaux Mr P J Miller Mr G A Bladon Objectlves and actlvltlg8 The principal objectives and operations of the charity are to provide or assist In the provision of facilities In Ihe Interests of social welfare for recreation or other leisure time, occupation of individuals who have need to such facilities by reason of their youth, age, infirmity or disabilty, financial hardship or social circumstances with the objectlve of improving their conditions of life Publlc benéflt statement The Èrustees have had regard to the Charity Commission guidance on public benefit The charity provides gym facilities at The Wensleydale Centre, Askrigg and arranges associated activities. It is through the provision of these that the charity delivers a public benefit. Achlev•monts and performance The primary focus this year was to get our gym managemenl and access systems completely linked up. This ensures all of our members are signed up electronically or via our app and only members can then aC￿sS the facility. We also rnarketed the refreshed membership plans more proactively both to existing members and via social media. Gym & Tennis membership has increased significantly with more members across the board. Coupled with laser sharp focus on costs this has resulted in the positive end of year ffinanclal results. Flnanclal revlew (Including reserves policy) Income from the gym has increased from £40.163 in 2024 to £51.073 in 2025, an In¢￿aSe of £10,910. The Trustees are continually reviewing the charity's reserves and cash fiow requirements. The Trustees consider it appropriate to hold minimum reserves to cover at least three months of annual expenses (excluding depreciation), which is currently equivalent to around £15,000. The Yorebridge Sports Development Assoclatlon Ltd Trustees, Annual Report (Including Dlrectors Report) Year Ended 31•t March 2025 Plans for future perlods Our focus for the year ahead is to invest further in new gym equipment, a new fitness room along with the facilty painted and re-carpeted. Structure, govemance and management The charity is governed by Its memorandum and artscles of association, Incorporated on 16 September 2008. in England & Wales and is a company Limited by Guarantee The Gharity and its property is administered and managed by the Trustees. Vvhere there is a requirement for an individual to be appointed as a Trustee, suitsble people are identified by the existing Trustees and are then invited to take up the role. The Trustees are responsible for reviewing and identifying risks that the charity faces to enable them to protect the assets of the charity. Trustees, r•spon$lbiliti•s The Tntstees (who are also dffectors of YOre￿Alge Sports Developmenl AssociatK)n Ltd for the purposes of company law) are responsible for preparing the Trustees, Annual Report [(including the Strategic Report)J and the financial statements in a(X0rdan￿ with applrable law and United Kingdom Accountmg Standards (Unrted Kingdom Generally knepted Accounltng Practice). Company18w requires the tNstees to yepare financial st*ments for exh financial year. Under company law the trustees must not approve the financial st2tements unless they are satisfied that Ihey give a tNe and fair view of the state of afftai￿ of the Charitab￿ company and of the incoming resources and applicatM of resources, includiry the income and expenditure, of the charrtable company forthat period. In preparing these financial statements. the trustees are r&auired to: select suitable ￿K)unti￿J policies and then apply them o)nsistenty,' observe the ffEthods and principles in the Charities SORP 2019 {FRS 102); Bkejudgements arKI estimates that are reasonable and prudent; state wttettr￿r applr2ble UK A(rountKig Standwds have been followed; prepare the financial stateNEnts on the going concern basis unless rt Is inapproprfrate to presume that the charitable eA)mpany will wntinue in operat￿. The trustees a￿ responsible for keeping adequate accounting records that discbse with r&%onable a¢xuracy at any tirre the financial pOS￿"0n of the chartsble company and enable them to ensure that the financlal statements compty with the Companies kt 2006. They are also responsible for safeguarding the 8ssets of the charilable ￿MpanY and hence tr taking reasonable stsps forthe prevention and deteGtion of fraud and other iwularitres. The Trustees consider that they have complied with the duty in Section 17 (5) of the 2011 Charities Act to have due regard to guidance issued on public benefit. This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption, and in accordance with the Statement of Recommended Practice.. Accounts'ng and Reporting by Charities. The Yorebrldge Sports Development Association Ltd Trustees, Annual Report (Including Directors Report) Year Ended 31" March 2025 Approved On behalf of the trustees Mrs R V Hurn, Trustee Director Chairperson ABI don. Trustee Director s* Date: I 2•2s The Yorebrldge Sports Davelopment Association Ltd Statement of Financlal Activities {Includlng Income & expenditure Account) Year Ended 31$t March 2025 2025 Unr*slrttad R•str*t•d 2024 Total I￿￿5 Total Income and endowrnents from: Donations & grants Charitsble activities Other 177 51.073 595 9,390 9.567 51,073 595 4,315 40,163 399 Total Income and endowments 51,845 9.390 61,235 44,877 Expendlture on: Raising funds Charitsble activities Administrative costs 47,438 31,004 47,438 31,004 45,632 18,229 Tolal expendlture 78,442 78.442 63,861 Net Income l (•xp•ndlture) {26.597) 9,390 (17,207) (18,984) Transfers between funds 18 50,717 (50,717) Other roctynlsed galnsl (lo$s•s): Net movement In funds 16 (24,120) (41,327) {17,207) (18,984) Reconclllatlon of funds: Total funds bfought fopward 61,965 41,327 103,292 122,276 Total funds carried fO￿ard 16 £86,085 £86,085 £103,292 All income and expenditure items derive from continuing activities. Thè statement of financial activities includes all gains and losses recognised during the year. The Yorabrldge Sports Development Association Ltd Balance Sheet Year Ended 31•t March 2025 2025 2024 Flxad assets Tangible assets 11 30,503 32,106 30,503 32,106 Current assets Stocks Debtors Cash at bank and in hand 12 13 725 1,832 61,253 500 3,077 71,981 63,810 75,558 Liabllltles CredStors: amounts falllng due withln one year 14 (8,228) (4.372) N•t current assets 55,582 71,186 Total assets le88 current Ilabllltles 86,085 103,292 Provlslons & Credltors due after one year Ngt a850ts £86.085 £103,292 Charity Funds Restricted funds Unrestricted fund8 41,327 61,965 16 88,085 Total charlly funds 1 (thfl¢lt) £86,085 £103,292 In preparing these financial statements.. a) For the financial year ended 31 It March 2025 the company was entitled to exemption from audit under section 477 of the Companies Acl 2006 relating small companies; and b) The members have not required the company to obtain an audit of its financial slalements for the year in question in accordance wrth section 476 of the Companies Act 2006,. and c) The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to the accounting records and the preparation of financial statements. These financial statements have been prepared in accordance wilh the provisions applicable to companies subjeGt to Ihe small company regime. The financial statements were approved and authorised for issue by the Board on... ..... Signed on b8half of the board of trustees., Mrs R V Huin, Trustee Chairperson Mr ABI don, Trustee Director The notes on pages 10 to 17 form part of these financial statements. Company registration number: 05493687 The Yorebrldge Sports Development Assoeiatlon Ltd Notes to the Flnanclal Statements Year Ended 31°, March 2025 1 Summary of signlflcant accountlng pollclos (a) General Infomiatlon and basis of preparatlon The Yorebridge Sports Development Associakn"on Ltd is a Charitable Company registsred in England. In the event of the charity being wound up. the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 3 of these financial statements. The nature of the charty's operations and principal activiti'es are to provide or assist in the proVis￿n of frdcilities in the interests of social welfare for recreation or other leisure time, occupation of individuals who have need to such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances wlth the objective of improving their conditions of life The charity constitutes a publ￿ benefrt entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounts"ng 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 issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companles Act 2006 and UK Generally Accepted Accounting Practice. The financial statements are prepared on a going concem basis under the hkstorical cost convention, modified to include certain items at fair value. The financial ststements are presented in sterling which is the functional currency of the charlty and rounded to the nearest £1. The significant 8¢xounting policies applied in the preparation of these financlal statements are set out below. These policies have been Gonsistently applied to all year8 presented unless otheMlse stated. (b) Funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restriclions imposed by donors or which have been raised by the charity for particular purposas. The cost of raising and administefing 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. (c) Incoma rgcognltion All Incoming resour￿3 are included in the Statement of Financial Activities {SoFA) when the tharity Is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the settlement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until tkM)se conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled. No amount is included in the financial statements for volunteer time in Ilne wilh the SORP. 10 The Yorebridge Sports Development Association Ltd Notes to the Financial Statements Year Ended 3151 March 2025 Income from charitable activities includes income eamed from gym and recreational activities. Income from govemment and other grants are recognised at fair value when the charity has entitlement after any perf0rrnan￿ condilions have been met, it is probable that the income will be received and Ihe amount can be measured reliably. If entitlement is not met then these amounts are deferred. Investment income is earned through holding assets for investment purposes such as shares and propety. It indudes dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable arxuracy the investment income is ported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effecbve interest method and dividend arKI rent income is recognised as the charity's right to receive payment is 8stsblished. Other income includes sundry items which do not fall into the above categories of income. (d) Expendlturn recognitlon All expenditure is accounted for on an accruals basis and has been clasSif￿d under headings that aggregate all costs related to the category. Expendrture is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obluation can be measured reliably, It is categorised underthe following headings.. Costs of raising funds,. Expendlture on charitable activities,. and Other expenditure represents those items not falling into the categorles above. (e) Tanglble flxod assots Tangible fixed assets aTr stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated resKlual value, of each asset on a systematic basis over its expected useful life as follows.. Leasehold land and buildings Over the remaining temi of the lease Plant and machinery 25% reducing balance Fixtures and fittings 250h reducing balance (fj Stocks Stixks are stated at the lower of cost and net realisable value. (g) Debtors and credltors recelvable I payable withln one year Debtors and creditors with no slated interest rate and receivable or payable within one year are recorded at transaGtion price, Any losses arising from impairment are recognised in expenditure. (h) Provisions Provislons are recognised when the charlty has an obligation at the balan￿ sh&t date as a result of a past event. it is probable that an oufflow of economic benefits will be required in settlement and the amunt can be reliably ests'mated. The Yorebridge Sports Development Assoclatlon Ltd Notes to the Flnanclal Statements Year Ended 31" March 2025 (l) Leasas Assets acquired under finance leases ar8 capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance Charges, are induded in creditots. Rentals payable and ceivable under operating leases are charged to th8 SOFA on a straight line basis over the period of the lease. li) Tax The eharty Is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definits'on of a charitable company for UK corporats'on tax purposes. (k) Golng concorn The financial statements have beèn prepared on a golng concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial gtstements. The budgeted income and expenditure is sufficient with the level of re8eThes for the charity to be able to coniinue as a going concern. Incomo from donatlons & grants 2025 2024 Grants Donations Fundraising 8,390 1,160 17 4,000 177 138 £9,567 £4,315 Income from dOna￿"On$ of £1.160 (2024 £177) included £1,000 was from Yorebridge Education Foundation towards the disability ramp which was initialty allocated to restricted reserves until spent Grant income received this year was £8.390, the funding coming from North Yorkshire Council towards the installation of the ramp and new door, allowing the gym to be accessibte to all. Income from charllabl• actlvlti88 2025 2024 Gym membership Activity sessions Facility hire 40,937 3.518 6.618 26,589 5.977 7.597 £51.073 £40.163 All income from charitable activities was attributable to unrestricted funds. 12 The Yorebridge Sports Development Association Ltd Notes to the Financial Slatements Year Ended 31st March 2025 Other Income 2025 2024 Other Deferred income released 595 399 £595 £399 Other income was all attn'butable to unrestrlcted funds. Costs of charilable actlvltles note Unrestricted Restricted 2025 2024 Wages & salarie8 Coaching & tutor co818 Training Costs Rent & rates Light & heat Repairs Insurance Bank charges Depreciation Loss on disposal {10) 14,￿0 770 14,960 770 16,403 1.065 1.299 936 4,322 5,774 1,204 134 14,495 813 4,644 5,698 1,681 849 17,390 633 47,438 813 4,644 5,698 1,681 849 17.390 633 47.438 45,632 Admlnlstratlve costs Unrestricted Restricted 2025 2024 Office equipment hire Printing, postage & stalionery Advertising Phone & broadband Bookkeeping & administration Accountancy Sundry Subscriptions 181 81 283 654 25,850 1,385 196 2,374 31,004 181 81 283 654 25,850 1,385 128 206 145 648 14,898 1,119 57 1,128 18,229 2,374 31.004 7 Not Income l {expendlture) for the year Net income l (expenditure) is stated after charging: 2025 2024 Depreciation of tangible fixed assets 13 The Yorebridge Sports Development Assoclation Ltd Notes to the Financial Statemenls Yoar Ended 311¢ March 2025 Independent examlners remuneration The accountancy charges amount to an independent examination fee of £550 (2024.. £535) and other services including payroll and accounts preparation of £835 (2024: £584). Trustees, and key managèmènt personnel remun•ratlon and expenses The trustees neither received nor waived any remuneration during the year (2024.. £Nil) for their role as a trustee, the duties of which are carried out on a voluntary basis. The trustees did not have any expenses reimbursed during the year (2024: Nil). One trustee, Mrs K E Civil works as an instructor on an employee basis, and for this ￿ceIVe3 a salary. Gross pay during the year amounted to £12,77012024.' £13,085). 10 Staff costs and emplo￿0 ben•ffts The charity employed Ihree part time members of staff. There were no employees who received total employee benefi'ts of more than £60,000. The total slaff costs and employee benefits were as follows: 2025 2024 Wages and salaries Social security Defined contribution pension costs (aulo enrolmenti 14,725 39 196 16,138 60 205 £14,960 £16,403 11 Tanglble tlxod as88ts Leasehold Land and Pknt and macthory bwkl.nol Total Cost or valuation: At 111 April 2024 Additions Disposals At 31$1 March 2025 212,527 39,074 16,674 13,687) £52,061 251.601 16,674 (9,341) £258,934 5,654) £206,873 Depreciation., At 1s1 April 2024 Charge for the year Impairnient Eliminated on disposals At 31 $1 March 2025 191,043 10,654 28.452 6,736 219.495 17,390 -. [4,8041_￿3,Ss0) £196,893 £31,538 8,454 £228.431 Net book value.. At 31 March 2025 £9,980 £20,523 £30.503 At 31 st March 2024 £21,484 £10.622 £32,106 14 The Yorebridge Sports Development Assoclation Ltd Notes to the Financlal Statements Year Ended 3111 March 2025 12 Stocks 2025 2024 Heating Oil Gym consumables Other 600 100 25 £725 400 75 25 £500 13 Debtors 2025 2024 Trade debtors Prepayments and accrued income 821 1,011 1,348 1,729 £1,832 £3,077 14 Cr•dltorn: amounts falllng due wlthln one y•ar 2025 2024 Bank loans and overdrafts Trade credrtors Payments on account PAYE and social security Accruals Deferred income 3,575 2,918 1,153 1,840 1,735 1,379 £8,228 £4,372 15 Leases a} Equipment leases The charity has a photocopier on lease until November 2027.. 15 The Yorebrfdge Sports Development Assoclatlon Ltd Notes to the Financial Ststements Year Ended 31st March 2025 15 Leases continued Total future minimum equipment lease payments due are as follows". 2025 2024 Not later than one year Later than one and not later than five years 544 953 544 1,497 £1,497 £2,041 b) Propety lease The charity operates from prO￿ty V•hich Is subject to a full repairing lease. The charity pays a peppercorn rent of £20 per year, The existing lease expires on 301h June 2027. 16 Fund reconclliatlon Unre¥tricted funds in In Ex ns Unrestricted 61,965 51.845 (78,442) 50,717 86,085 Restrlcted fund8 Balance at 2024 Gains l B lance Inco MUGA fund Equipment fvnd 34,770 6,557 {34,770) (15,947 9,3go £41,327 £9,390 £37,787 Transfers between funds are detailed over the page. 16 The Yorebridge Sports Development Association Ltd Notes to the Financlal Statements Year Ended 31st March 2025 Fund de$￿IptIOnS a) Unrestricted funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objeth'ves of the charily and which have not been designated for other purposes. b) Restricted funds Restnctsd MUGA fund The restricted MUGA fund related to the inits'al build and development of the MUGA which dated back to 2005. The giant was being ￿leaSed over the term of the lease, Restricted Equipment fund The restricted equipment fund represented grants received for gym equlpment which was being released over the life of the asset, Transf•r$ betwoen funds 2024-25 Capital Grants received & spent in year - no ongoing restrictions Equipment fund - no ongoing restrlctions to assets therefore transfer made MUGA fund - no ongoing restrictK)n to asset therefore transfer made £9,390 £6,557 £50,717 At 31•t March 2025 thare were no ongolng restrictions applled to historic equipment & MUGA fvnds. These reserves have been transferred to the general unrestricted funds of the Charity. 17 Related party transactlons There are no related paty tr8nsactions during the period <2024: £ nil), 17