R10d number: 08191371 Charlly numbor 1149083 LEARNING AND COMMUNrrY SPORT WORLE TRusr (A COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT AND UNAUDrrED FINAIICIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 IIIIMllllllllll •AD6YSSTC* (l7r224 ¢OMPAMES KIUSE
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ATKINS & CO CHARTERED AcCOUNTs 7 MORSTON COURT AISCOME WAY WESTON-SUPER41ARE SOMERSEr BS22 8NG
LEARNING AND COMMUNITY SPORT (A COMPANY UMrrED BY GUARAiifEE CONTENTS Refwen¢e and Admlnistratsve DetaHs (rf the Ctwity. rf5 Trustees arKI Pafvisers Trustees, Report IrKlepqndent Ex5 Reptyl Statement of Financlal ActbvltS Balan¢e Sheel Cash Fl(w Stmvrt 10 Notes to the Fcial Stalemerts
LEARNING AND COMMuiufY SPORT @ WORLE TrUST IA COMPANY LIIAifED BY GUARANTEE) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. rrs TRusfEES AND ADVISORS YEAR ENDED 31 AUGUST 2023 Tnmtees P Savage. Ch O Wak¢ly{re$y May20231 J Lugg (resy1 Awst 2023) R Dakin S IrdarKI C Daly ne 2ff23) C Bank5 (appointed August 2023) R Bel (•ppointed August 2023) S La Touche (apwinted 991 2023) Company reg18tw•d nUmr 08191371 Charfty r•g18l•r numlxr 1149183 Rogistwod office Leaming and Communty S Worfe TrLt Weston super Ma BS22 &4Q Atkirts & Co Woskn super Mwe Banker¥ LWS Bwk PIC 2 sjIh Parade Weston super Mare North Sornerset BS23 1JL
LEARNING AND COAIMUNfTY SPORT (A COLIPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT YEAR ENDED 31 AUGUST 2023 Charlty Struclur• The The management ol ts company 1$ the responsiblty of Ihe TnleeS wtK> ¥e eleGled arml ted under Tl)e Trusteos consist cl at least 3 mtye Ihan 13 pvsons. Th8 trustees shal in¢lude: Up lo one rndNMlual reryesentati of the L1 Authlty (Ncrfih Somerset C¢xJneAII. Up to Individual rewesenith of the Local Community. Up to ton otrr ind815. b) Trustees VAI hold oifTh for a temi for up to three sears from tho date of their ¥InIment. One third (N the number nearest one third) of the Trustees must retwe alty, in off rerIr0 ffirst. A retirirrfJ Truslee may be reapp)intÈd. A Trusts8 may serve 8 ma¥imurn of three twms, OT UP to three yEars per temi. A Trusiee vtho ha5 completsd tlw& c•nt"nuous teThs of serv8 as a tnthe i8 db3ible to be r apwinted as a Trustee untl JEar after his retmmenL The Chair of Trustees and tho Ccrfnpany Sei¥tsy ¥e apted ty the TNstees arKI ciwffimed annual. Every Trustee has one vote on each issuo. The Bowd (rf Twstees constsnty the number of Tntstees recruits wured. Any new Trustse will have thwr reswthlrtw eXained by the $tg Tru51ees and other professional advisots as apwowlat Charity Aim• Objecil The wnapal obie¢tfves of the chartyare: Prom¢)te the wovision of fadiths for recTrat#m. curtwe or other leisura4ime occupation In Its interosts ot healthy lrfe sfyl85. socxal and wilh object of incrna$ing aw$ibS11ty and improvrng the ¢ondilion of life of indivthals througfr# the United Kirydom. indudlng the local mMunity, Relieve the need of indivKJu4s le¥niNJ diills. ty ryovTrYlry swort and a5SiStart• to thg individuals, ther families aThJ fvir rerS lo erKowage th8 1ndMdUa to be acllvely involved in the communty, Advance educalion IhrowlKxrt Ihe United lfjrydn. kndudiw. stsdents of Worfe Community Scl¥x4. by p¥ovldlng ly assistlig in the provk%K)n of sports and olher facilitss in the local communty ar¥J. in particular. al schods,. and Promote such other ¢hanlatAe wrposes as the trSt¢eS shall. kn ther absokrte disudN)n. dedde. b) d) A¢tlvltle• forAchl•vlng th• Obj•cll The Charity provides day care fxllies for alults wilh leniTrJ rff1t via fv Bwdon Trust. A pottery (operated by Banwall Pottwy) vs in orm11. A ctsmmunty meal&oTr savice is provided to res¢dents thin WestoTrSup6r41are frcrfn the f¥liVs kitth. Swlirs miEable to lh8
LEARNING AND COMMUNrrY SPORT {A COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT (ntinu) YEAR ENDED 31 AUGUST 2023 A¢tlvltles for Achieving the Obloctlvog (conllnu•J) commuiity include a dance slwjio. gsm. (ax. an alk4wther football 3G Mch a 1CkeY astro h. Communlty use of the gyTnn8simi. sports han Pit¢Ps occw outsth of school hwrs. Achievem•nt and P•rfomi•K• Whilst th? Charity %YdS established 2011 the fxlities for the Lening and Communlty Sport @Worle were 1 Corn81ed untl th& 81 of December 2012. Work commenced op&ratK)ns on 2 January 2013 vAlh Ihe off181 openir#J pla on 25 January. The officiat openw)g was attended by the Chairman of the Weston-Super-Me Counch. Mr Tery Portw together ilh students from Worie Community, Brandon Trust slaff a1 useAs. thgntiarw ONI representab¥es from Wilmott Dixon, the constr1 compary. By the of year. 31 August 2023. ts @Worlè fdty had appotyited eNJht of Ihe permitted thirteen Trustees 8fKI employed eighteon staff as as l1¥0 sdl emplofft1 studK• instruc1$ five s8 employed rsonal trainers. Opermng times ware.. )nday-Thurday 06.00. 22: Friday 06:00- 21:CK) Saturday Sunday Thè alk%atrw f(ball AstroTurf pitch accommodato1125 10(al foolball teams age wups from four years to 65+ yFars dd. The teams having differyw standwds and ages. for both male and female. some teams were fuliy inclusive. mmercial bu$5S&S uwl the soccer league5: one tineSS is loca to weston4per-mare arKI one t81neSS in a nat)nal company. In addition, three local rugby teams trained al the facrlity, irJing Somersgt Rugby Foothall Union. Coach tralning courses re organi5ed for Somerset Footb8H AssoLxali(>n. Foott)all clubs to ieome xcrndiled the Chartered Standth promotHig good footbl vthes arKI respe( At th? end of August 2023, appyoximately 25LK) Peo fe faclty on O Vthikly basls. Worle was operatirvj 53 frtngssldance dasses. tncluding al ability Session ¥th appToximatdy 1000 individuals attending eath Cjasses knduded: Zumba. Kids Street Dance. Zumba Strong. Boxercise. Slep AerobiGs, Thighs Bum5 and Turns. Yoga, Plates, ¢hair frtwss. Tai Chi. Spin. Kettlebthls. Bands arrtl Bells arKI Fitness Pirates. Nv•V inclusive dance sesstons have laurthed l%11r a Veek to SUPFNI adults and teens with learnirKJ disabilits. Nthv Chair Classes Iwe also Iwnched to support the a9ing community and rehabilitati sessions three times ptr tAtek. @Worte run half lemi holiday clubs coachlng new sports and rnfts and have a loc zoo 1[WJ1rVj arum to educe the arwrKI u$ actomt)dating Users of lh8 school's sports Iwl. gymnasium wxl gr&ss INkhes irKJd8d mary iThllvlrknl hirers but also larger groups hudIng Hope Chw¢h. Footsll ar West Minis offer a regular Saturday moming yrxrth 4KAts dub. L(Kal . b>Jmirrton. Nettll ar#Y basketbal dubs also use the spa$ provided weekty. At the e1 of August 2023. the Worle membwship wa5 approximatdy at 1001 members. The majority of m8mbws are local to the We m T*ith some LMI) from the sch)ol K1 further ard. Worle donates 6 frUrS of its time to the per ed¢[1 pwposos so the students of the PLT In1 can leam abcrtrt h&31th and fftness.
LEARNING AND COMMUNrrY SPORT (A COMPANY LIMITED BY GUARANTEE) WORLE TRLIST TRUSTEES. REPORT {continued) YEAR ENDED 31 AUGUST 2023 A¢hi•vn•nt and P•rfonnanG• (continu•d) The hlring wice for the 3G tch remained vwy c(mtsh¥e, ith orty six of the available forty-one hours per weok being charged at the ¢ommeroal rate. The commefcial rate wa5 spled to the h¥S0CCer league busimsses. This wl¢h hirirvJ Fxices to be mainlained for I( dub users. 100% of Ihe clubs returned for the followng season to book With Wtyle. We have wt within our strategK that only 2 of Ihe 3G allotted time will b8 alkyAd for cornmwcial allatIon and rtynainffwJ 80% for communty use. The centre Set up a number of ¢h¥My events for drIties. the largest event wa5 for Ih? Weston Hosp. where the ¢entre attempted a I1$$ W(vld rfjc 35 Hour Spvi a thon which raised over £35 wurKls. We also supwt local 11110$ as Westr and l(tsl spin a thons frrf ¢hllles dose to our hearts. In September 2013. we oper1 tr nww tennis aThl nett)aH cxth5. ¥¢ tlwee rtball teams using the facility regularly. 2016f2017 we cmlinued to IKSSt the Western arxl DlstrKt N8tbal leaw8 whith ran in the summer. Over 2(Kl ladies th summer le•Jue rthn. The 8raThlon Trust were imme• suc£essful u#nmuixty far Peo ith leami dlsabilitles. inlegraling st&Y and users frrxn the willi centre to the new facllities offwed thin W(Klg. The faciliS cafe 15 open lo the publ is opwated by staff pie leamin9 drffiwlties vKxking ilh the @Worfe stay developed ne¢essary smwge and menus. The Brandon Trusfs Grwnds arKI en8 team urthrtk Wle'S maintenanca enabling the dov010pml of key sklb for many peo T4rth ditficullitis. Plam for tho futur• Thè Charity alms to 0)ntIn to devebp the swbr#J fadlues over the sfarg lth the rxovtsKJn of additionat gyTh equlpment and Ihe Improvement of The L¥¥Je oknng to enablè a MMunity spwe all eek long. a$ a ¢entre ¥e raisw furttts ttywh ants to slwt th8 Yhe Hive Proiecf, The Hfve wlll provide a new spax for adults arKI teens with lewning disabKilies to leam life skills. prov#Je a space for cornmunty group5 maybe fwing disadvantagfr. it VAI 0 be a tra4 Spa for Ihe centre to train the fitness instnKtors of the futwe. Closw fies betsen the school and Br Trust be encouraged wilh joirt ventu5 suth as open days al the C for Serv[ users aThl wblic. Communty en9agemenl will continue through our ¢tr1rtY furKlraisvy. WwleFest •KI links ith hxa commuThty groups. Plans for the 3G to be redevolped WHI stiN txnknue to Iwk at Ihe summer d 2025, 41h the opporw to hc4d tool st8tlon games not just grass rcM)I games. Park1 manag8menl arKI extra $p•xs wdl also bg a project to enrptrat¢ into of tt ¢ty Finandal Revlgw The Trustees (who arn a50 directors of the ch for the purp rf ihe CompanSes Act) present their an1 report togelPv th the fffjancthl statefflats of LeamirKJ and Committee Swt Worte Tru for the Per ended 31 August 2023. The Trustees c•nfim thal the Anr1 report and finan¢ia statements of the company tx)mply vth the La¥Yent stattrtory rewirements. th• ffequiremenls of tho ¢ompaW$ goveming document the provisions crf the Statwnenl of Recommended Pra¢li¢e {SORP) 'A¢counling and Reporting by Charities" March 21KI5. operatiorbal existence for the &$¢¢able fubn. For thls a50 contwiue lo t Ihe going co bask% In preparing the finwKial 5tatnents. Prlnciple Funding. The prinupal fimd•)g sow¢e is from rental irKxMne from the Braylon Trust arKJ North Somerset Cound Adull Sodal arKI togetlw with membersFx) fees of the and hirfrvJ charges for using ts lalitieS.
LEARNING AND COMMUNITY SPORT (A COMPANY UMifED BY GUARANTEE) TRUSTEES. REPORT (cortlnu•d) YEAR ENOED 31 AUGUST 2023 Financial R•vi•w (¢onllnu•d) maintenance requrements Th can be used to fund these ¥A)rks. Investmenl Polw. Aside from rètslnirvJ a wudent arnnI in reswves. the Charty also alms to set aside a minimum of £30.000 each pr to CA)ver (ts of reprA9 fjxed assets Such as the AstroTurf pitches. Those wM$lments wil be hekl in se¢wre. risk saviry a(xxwJnts. Risk Managemort Tho Trustees assessed the mai(Y r*ks lo Wthich ts Charity is exposed. in particular those related to the arwj finarw ol Ihe C<mpary are satisfied that syatems and Paul Savage Director I Chayman Signed on behalf of the board of trustees Learning and Ccrfnmunty SIMXI Wots Tntst
LEJRNING AND COMMUNrrY SPORT (A COMPANY LIMrrED BY GUARANTEE) INDEPENDENT EXAMINER3 REPORT FOR THE YEAR ENDED 31 AUGUST 2023 I report on the alnts fry 31 AUgt 2023 set wt on pages ewJht lo ahteeTr. Re8po¢lJv• rnspon8lbllltl•B dtrustees and examlTr•r The trustees (tK• we also th8 for the puryx>ses of ClpanY l¥w) arg resp(Thible for the preparallon of the Cnts in with the requirements of the Companies kt 2006 (Yhe 2006 ACY). Th8 charitls InteeS th aLrfrt requed for this (under Section 144(2) of the charitr Act 2011 (ts 2011 Act)) and that an independent examinalron is Havng satisfd my50lf that the CW is not subject to audlt this year undw Part 16 of tho 2(KJ6 Act and is ellgible for indep0ndt examirlion. ft is my respSib to: examlne the acc sedK 145 ofthe 2011 A (under Section 145(SXb) of the 2011 kt): and Basis of th¢ Indep•ndrt •x•nln•ts report My examinatK)n rn £ted In acixxdm wNh lh8 Generaf DireciK+ns giNEn by Ihg Chity Commission. An MJatiOn iThJLNles a rev of the accountirKJ recd5 kepl by the thar¢ty and exlmparison cl the accwnts We$ted with Ih)se rec#yds. 11 also includes n5jeratx)n of any unusual iiems or dK8doswes in tho toLrt arKI seeking explanations frorn JM)u as tru51ees concerniThJ any such matters. The prweduros urmlertakwb ¢Jo rK>I all the evider Ihat Jukl be required in an audit aThl c(SeqUen rK• is as to tfvtholtrw th8 accounts presert a IFue and fair vt6w' and Ihe repcxt Is Irmited to those mattets set ¢Jul In tho statemenls below. Page 6
LEARNPIG AND COMMUNrrY SPORT COMPANY LiiiifED BY GUARANTEE) WORLE TrUST INDEPENDENT EXAMINER% REPORT (e¢#rtlnu FOR THE YEAR ENOED 31 AUGUST 2023 Independon¢ oxamlnefs slem• The compaTr/s swoss rKome excethd £250,QX) r3MJ l am wdifd to ulderake th8 eXIn)n belw a qualifd rnbar of The Instilu Aecouths in Ernd and Wales. (1) 91 me reasonable cause to bdie¥e thaL any material respect, the requyemex to keep accounlirwJ re¢Ayds in aCeryda ith Se¢lion 3e6 aThl 387 of tha Companies Acl 2006,. and to prepare accounts Vthlch aCcd lth the ac(x>unllThJ re¢d5. COM ryth the accounting requirements of Se¢tK>ns 394 arxl 395 (A the Companies Act 2006 a1 with the meth¢)ds and prtndples of the Awwntir¥J arrfl Rewting ty Charilies: Ststement of Re¢ommgrKlod Pra¢tl¢e appllcable to Cthalrt wepwiThJ Iherr accfArts in a(%da 11 the Financial Rfrwling Stsndwd applicabkn in the UK aThJ Republic d IrelarKI {FRS 102) (off&li¥• 1 Jarnwy 2015) have r)ol tn rneL or (2> to 1¢h. in my Iwinion, attenim shAd be dra in ordw to enailo a woper understanding Debb Atkins FCA Atkins & Co Chartered ACcntants 7 Morston Cwrt Alsecomo Way Weslon-sup8rre Somerset 8S22 8NG
LEARNING AND COMMUNITY SPORT (A COMPANY UMrrED BY GUARANT) WORLE TRusr STATEMEKf OF FINANCIAL ACTMTES YEAR ENDED 31 AUGusf 2023 Total nd8 Total funds 2022 2023 INCOME FROM: Charitable activiti'es Investment income 648325 492,713 TOTAL INCOME 618255 492.714 EXPENDilliRE 011: Charitale aclivlti88 AS1 6A351 510.175 TOTAL EXPENDMJRE 659251 6S9.351 510.175 NET WICOME BEFORE TRANSFERS Transfers betn 11.097 17.461 14 NEf INCOMe 11,097 17,461 RECONCILIATION OF FUNDS Total fuftds Ixought forward ZI4071 274071 291.532 TOTAL FUNDS CARRED FORWARD 262.974 974 274.071 All aGliviti6S Telate to ¢¢ntIni1 ¢JpwatiNts. The notes on pages 11 to 18 forn) p¥1 of tr*se statem$.
LEARNING AND COMIAUNrrY SPORT (A COMPANY UMrrED BY GUARANTEE) REGISTERED NUAIBER. 08191371 BALANCE SHEEr AS AT 31 AUGUST 2023 2022 FIXED ASSETS Tangibfe assets 10 CURRENT ASSErs Debtors ash in bank and kn hand 11 17 16.2S3 40,352 36,842 CREDITORS.. Amounts ta1vj due on8 y 12 41 42,658 NEf CURRENT ASSETS 14581) 10.432 CREDrroRS Amounts falling duo after m(rn than on? 19 40,995 44,911 NEf ASSETS 274 071 FUNDS Unrestricted furnls 14 262.974 274,071 TOTAL FUNDS 274 071 The Tntstees La)nsthr that the company is errtAl to extynplx from raqutrement to have an dit under provisrons of sedion 477 of the Companles Acl 2006 Acr) and member5 have Th)t required the lo obtain an audit the ift questth wi accordm with se¢lion 476 of A The Trustees aCkntredge their responsibilhies for <xynpII¥j wth the requiremw)ts of the com18$ Act 2006 ¥wih respKt to a¢¢wntmg re¢¢yds and Ihe preparion rrf fmancia statements. These acounts have been wepared in ith tr prowwm applmxble to Compani88 subject lo small c¢mpanies' regime. finanual stateThnts we appro1 by ts TNstees on ................. signed on their behalf. by.. P 3a¥age Chalr The notes on pages 11 to 18 form pwl (the8e finwKial statornts.
LEARNING AND COMMUNITY SPORT {A COMPANY UIAITED BY GUARANTEE WOIILE TRUST CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2ff23 2022 Net cash provided ty operating activibes 16 7.850 38.455 Purchase of intangitAe assets Net ca•h used In Inv•sllrvJ aclfvltle8 Charjge in (xh and ca8h •qulvalerts In the y•ar Cash and cash ewiValts h1 fd 7,850 12,739 (38.4551 51.194 Cash and cash •qVal•ts ¢arvlod ft4rward 17 20,S89 12.739 Page 10
LEARNING AND COMMUNITY SPORT {A COMPANY UMrrED BY GUARAKfEE) NOTES TO THE FINANCIAL sfATEIAENrs YEAR ENDED 31 AUGUST 2023 ACCOUNTING POLICIES 8a818 of prepariftg the financlal 8tat•mwrts The financial statements of tr£ charrtable Company, which is a wbltc benefft entity under FRS 102. have bggn wepw8d in acc(Kdance ith th8 Charibes SORP {FRS 102)'Accounting and R¢wtirKJ by Charlties". Statement of Recommended Practice SICable to ¢harits prepirKJ trir accounts in accordance with the Flnancial Reft9 Standard applicable in tr UK and ReWbI rf lleland (FRS 102) {eff8Ctive 1 January 2015)., FinKial Rewtr'ThJ Standartl The F181 star awicable In ts UK and RewElic of Ireland and the CompariM ki 21M)6. The fftwrAal slalements have beon weparwj under the hBlorlcal cost cowention. Income Atl income Is recognised li the StatUnW of Adivils tharity h&8 enlluement to tha funds, it 1$ wobat4e trot iKome be roc•iNtd and t amount can be measured relhqbly. Exp•nditur• Liabl11 we re¢ognlsed as exrlIte as soon as there is a legal ty ¢¢mstru¢lNe obligatM commitbng the charity to Ihal exrture. it is probable that a transfer ol econorn benefits will be requlred in settlement and the amount of 019at be measured rel1y. Expenditure is accounted for on an accruals basis has been classified urKJer headlngs that agwegate all cost rdated to the category. Whwe rA)sts cannot be dire¢ty atlruted to partIlar headirys tly tvo boon allocate(i to activitres on a basis wnsistent V+ith the use of reswrces. Tangible f•d a98rts Depreciation is pfovid&l at ts fdhyhty annl ratss in (Yder to off each asset over 118 estlmated useful lifo. Rant arKI rnaclw Computer ewipment - 20% SWM fine - 25% straighi kn8 Taxation The charity is oxempt from tsx on its ¢hwiiale actlvSties. Fund accountlng Restricted fvrKl$ can used partKar restricted puryxBes Yathtn the objects of the charity. Restridwm arise when Spedffed ty tt thxM)r or Th¥ fiwKls are rdised for p1{ar restrlcted purpose5. Further explana ol the nawe aThJ (rfeach fund is ¥rJj0d the notes to Hiro pur¢hao• l&•iTrJ ¢ommllmwts Renlals paid under operating l&q5es 8 chaw to Ihe Slatement of FSnanrAal on a straight li The dlaritsble company ¢)per4tes a ¢lefird ¢ontrrtyJlion perrsion sclwn6. Contributions paydble to IP chantatje companls pen5hM scrne are clwge(I to ts Ststement of Financi81 Activities in the porlod to vhmch they ree.
LEARNING A14D COMMUNrrY SPORT (A COMPANY LIMITED BY GuARAKE1 NOTES TO THE FIIANCIAL STATEMEKrs YEAR ENDED 31 AUGUST 2023 4COME FROM CHARrrABLE ACTNrrEs Tolal funds 2023 Total funds funds funds Sports ar communty (wtre 5 492.713 In 2020. the lola income from ¢tharita148 ti¥it (rf £289.420 TAwe UrdestrK fuThls. INVESTMENT INCOME Unr•slricted R•strfct•d lunds fund5 2023 Total funds 2022 nds 2023 Bank interest 30 ANALYSIS OF RESOURCES EXPENDEO BY EXPENDITiIRE TYPE Total 2022 2023 2023 Sports Ks (x]rnmunty 231757 $59J51 510.17S 232.757 420,594 659,351 510.175 In 2019. th8 total expendilure on dwtable a¢tivits of £ frrm uwtrthd funds. & ANALYSIS OF RESOURCES EXPENDED BxTMrEs und0rtak•n Support Tolal 2022 2023 2023 2023 Sptyts arxl 1mMUn <*ntre 285,160 374,191 659,351 510 175 Page 12
LEARNING AND COIAMUNrrY spoKr (A COMPANY LIMITED BY GUARAtr4TEE) NOTES TO THE FINANCIAL STATEPAENTS YEAR ENDED 31 AUGUST 2023 DRECT COSTS Total 2023 Total 2022 Instructors fee Wages and sd Nan81 Pensh)n FAlIty hrti 50.785 183,155 3.189 SUPPORT COSTS Total 2022 2023 Printing, postage and statirny Telephone and c4)mputer costs Advertising Lega and w)fessional fe8$ Rates Lb3hl and heal Other premises costs Repairs and maintenanr Donalmjns Travel and subsislen¢e Vending and café sl0ckleowmaeS Equipment costs Training Sunthy expSe$ Bank charges Loss on disposal oftsed assds DeKYe¢iation 2.029 18,731 788 18,600 6,332 42,905 68.766 43217 1.746 17.075 2,907 13.845 S.647 35,258 55,202 20,117 50,378 111,803 26.778 80.199 11.994 1.714 3237 374,191 272.482 P4e 13
LEARNING AND COMMUNITY SPORT (A COMPANY LIMrrED BY GUARAp¥fEE) WORLE TRUST NOTES TO THE FINANCIAL STATEMEPfftS YEAR ENDED 31 AUGUST 2023 & NEf WCOMING REsOuRCE(R&s0URCEs EXPENDED} Thi5 Is stated after charging: 2023 2022 Dewecialion of tangibie Ilxed assets: - owned by the charity Independent examinalw fee 2,310 2,180 During the year. no trustee recefrrfed Wby remuneration (2020.. £NIL) Duriry the year. no trustee recaved any benefits in kind (2020: £NIL) Dwlng )tar. no trustee rtr4ived ary reimlxvsoment of expenses {2020: £NIL) STAFF COSTS 2022 Wages and salarie5 223,969 7,690 1,099 183.155 3,189 465 Pensions 232,757 186.809 The average Thjmber of perS(S emrW by the companyikniffj tho ar ¥Yds as foll¢). 2023 15 10 No emplo)w received amn1g to m(*e Ilw £60.(th kn eitrw >tar. P•J& 14
LEARNING AND COMMUNITY SPORT (A COMPANY uthirrED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMEiirs YEAR ENDED 31 AUGUST 2023 10. TANGIBLE FIXED ASSETS Improvemènt8 to Property Plart and machlnory COST At 1 Smbw 2022 Additicms Disposals At 31 AUgt 2023 308.550 21.050 21.050 DEPRECIATK)N At 1 September 2022 Charge for > Di5poss At 31 August 2023 21,050 21,060 NET BOOK VALUE At 31 August 2023 308.650 At 31 August 2022 308.550 11. DEBTORS 2023 Trade debtrn Oth&r debtors 14,580 38,679 1,673 16,253 Page 15
LEARNING ANO COMMUNITY SPOFrr {A COMPANY LIMITED BY GUARAiifEE) NOTES TO THE FINANCIAL STATEMEpirs YEAR ENDED 31 AUGUST 2023 12. CREDITORS: AMOUNTS FALLING DUE virrHIN ONE YEAR 2023 2022 Trade credilor5 Other creditors Acuuals and derd irrA 39,262 2.160 42.658 41,4Z2 42,658 DEFERRED TrKOME Delerred irKome at 1 Sepknb8r 2022 Amounts rdeased from prevx)us >wrs ReSrceS defeffed duriThJ Jear 42,658 (42,658) Dthred InMe at 31 Awust 20rJ Deferred incom¢ irthdes amounts recer4ed in advth for day (are a¢kths learni drffkulties arKI community meals-on4th servi(x. 13. FINANCIAL INSTRUMENTS 2D22 Finan81 assets measured at f valu8 tlYW irmne expenditwe Fin81 assets measured at nltsed cost 387,705 387,705 44,857 432,5f2 432,562 Financial IkitMITties MeaSud at am(xlised cosl 2.160 Finan¢ial assets measured at far bvdlue thrwJh tt WKxxne and exFwKlllwe comprise of cash at bank and in hand. Financial Irdbthliss measured * afflNbs costs tnls• oftrade ryedith and a¢¢rus. Page 16
LEARNING AND COMMUNrrY SPORT IA COMPANY LIMrrED BY GUARATr¥tEE) NOTES TO THE FINANCIAL sfATEMEKrs YEAR ENDED 31 AUGUST 2023 14. STATEMEwf OF FUNDS Carrrod Forwd Forwanl Inlout UNRESTRicfED FUNDS Genwa fun 274071 6a264 (s,351) 262,974 Totsl funds 274071 648254 659,351 262,974 15. ANALYSIS OF NEf ASSETS BEfwEEN FUNDS UnroFtrl¢t•d funds 2023 Tokl funds 2022 Tanglble fixed assets Current assets 308,5SO 308.550 53.090 (42.668) (41N22) 318.982 16. RECONCIUATION OF NEf MOVEMEKf IN FUNDS TO 14Ef CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Net irtune for the w (as per Statement of fThifK4af aclivi15) 111,097) (17.461) AdJu8tmont for. DeptiOn Charges Oecreasel(iryxease) n d8tths Increasel(decrease) in creditors 213 1.773 51,364 24100 15,153> Net cash provlded by opernting aclfvhles 7,850 35,889 17. ANALYSIS OF CASH AIID CASH EQUIVALENT8 Cash at barth arrfl in ha)d 12.738 20,589 12,738 Page 17
LEARNING AND COMPIiINITY SPORT
(A COMPANY LIMITED BY GUARANTEE)
)RLE TrUST
NOTES TO THE FINANCIAL STATEME14T8
YEAR ENDED 31 AUGUST 2023
18. OPERATING LEASE COMMrrMENTS
As 31 Awt 2021 the totsl ol fvbJre mlr*num lease payThents under rrcanCellebIe