Wensum Sports Centre Charitable Association ## **Wensum Sports Centre Charitable Association Report and Accounts for the Year Ended 31[st] March 2021** - 1 - ## Wensum Sports Centre Charitable Association ## **Trustees Report for the Year Ended 31 March 2021** **CHARITY NUMBER** 1150110 **TRUSTEES** **TRUSTEES** Doug Poynton William Glover Graham Long Lesley Grahame **OPERATIONAL ADDRESS** 169 King St Norwich NR1 1QW ## **ACCOUNTANTS:** David Higenbottam, ACMA 50 Neville Rd Norwich Norfolk NR7 8DY ## **BANK** Lloyds 16 Gentlemans Walk Norwich NR2 1LZ - 2 - Wensum Sports Centre Charitable Association ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The charity is an association governed by a constitution and was registered with the Charity Commission on 10[th] December 2012. The trustees were appointed by a general meeting held in November 2012. ## **OBJECTIVES AND ACTIVITIES** To advance education and promote recreation and leisure activities through the provision of a sports and leisure centre for use by clubs, associations and individuals. The charity runs a sports centre which incorporates a sports hall, two squash courts and a multi-purpose community area. Various activities are promoted including squash ,badminton, football, handball ,short tennis ,table tennis, short matt bowls, dance, art workshop and many other community activities. The trustees have considered the Charity Commission`s guidance on public benefit. They confirm that in planning and carrying out the Trust`s activities they have had regard to this guidance, ## **ACHIEVEMENTS AND PERFORMANCE** For the year ended 31[st] March 2021 the charity recorded a surplus before depreciation of £4,948. After the depreciation charge on capitalised expenditure there was a recorded loss of £16,193.This was after incurring costs of £2,916 for ongoing repairs and renewals to improve facilities for members and capitalised expenses of £9,480 on structural improvements and equipment. This included air conditioning units in the main sports hall. The new and extended gymnasium has been particularly successful and added a new dimension to all the services offered to members. As advised previously a trading subsidiary of the charity has been created in the form of a limited company to handle income from car parking. This company donated £23,944 to the charity during the course of the year. On the 23[rd] March 2020 the centre was closed to all members in line with Government policy to protect the UK population from the COVID-19 pandemic. All furloughed staff were laid off on full pay and a small committee of trustees and volunteers set up to deal with any staff or infrastructure issues. Action has also been taken to request deferment of fixed costs where possible and apply for financial assistance where the charity qualifies for such assistance. Although the centre was allowed to re-open for a limited period there were quite severe restrictions on sports activities which impacted on our turnover compared with the previous year. Our reserves policy set out below together with the financial actions that we have taken have enabled the charity to get through a very difficult period and we look forward to a return to some form of normality in the near future. Finally I would like to thank our staff and volunteers for all their hard work over the year. ## **RESERVES POLICY** The trustees have agreed that their aim would be to retain sufficient reserves to meet all contractual liabilities and any unexpected costs. The Charity aims to have sufficient funds to cover 6 months normal running costs, which is approximately £30,000. ## **DECLARATION** The trustees declare that they have approved the trustees` report above. Signed on behalf of the Trustees ……………………………………………… Doug Poynton Chair Date: 16[th] June 2021 - 3 - ## Wensum Sports Centre Charitable Association |Wensum Sports Centre Charitable Association|||||| |---|---|---|---|---|---| |**Statement of Financial**
**Activities-Year Ended 31st March**
**2021**
**Note**|**Unrestricted**
**funds**|
**Restricted**
**income**
**funds**|**Endowment**
**funds**|**Total**
**this**
**period**|**Total**
**last year**| ||**£**|**£**|**£**|**£**|**£**| |**INCOMING RESOURCES**|||||| |Fees for charitable services|38,660|||38,630|122,919| |Donations, Legacies and Grants|69,016|||69,046|69,601| ||||||| |**Total incoming resources**
2|107,676|||107,676|192,520| ||||||| |**RESOURCES EXPENDED**|||||| |Sub Contracted and Waged
Services|62,568|||62,568|113,069| |Rent, rates, utilities and insurance|25,442|||25,442|26,845| |Repairs and Renewals|2,916|||2,916|11,386| |Office Costs|5,565|||5,565|7,377| |Legal and professional fees|2,326|||2,326|4,231| |
Cost of fundraising events|1,587|||1,587|6,549| |Bank charges and Card Fees|2,324|||2,324|3,545| |
Depreciation|21,141|||21,141|24,064| |**TOTAL RESOURCES EXPENDED**
3|123,869|||123,869|197,066| |**Net incoming/(outgoing) resources before**
**transfers**|(16,193)|||(16,193)|(4,546)| |**Gross transfers between funds**|-|||-|-| |**Net incoming/(outgoing) resources before**
**other recognised gains/(losses)**|(16,193)|||(16,193)|(4,546)| |**Other recognised** **gains/(losses)**|||||| |Gains and losses on revaluation of fixed
assets for the charity’s own use|-|||-|| |Gains and losses on investment assets|-|||-|| |**NET MOVEMENT IN FUNDS**|(16,193)|||(16,193)|(4,546)| |**Total funds brought forward**|318,794|||318,794|323,340| |**TOTAL FUNDS CARRIED FORWARD**|302,601|||302,601|318,794| - 4 - Wensum Sports Centre Charitable Association ## **Balance Sheet** ## **31[st] March 2021** |**Notes**
**FIXED ASSETS:**
Tangible assets
4
Intangible assets
**CURRENT ASSETS:**
Debtors and Prepayments
5
Stock
Bank and cash
**CREDITORS:**Amounts falling
due within one year
6
**NET CURRENT ASSETS:**
**NET ASSETS**
**FUNDS OF THE CHARITY:**
**RESERVES**
**TOTAL FUNDS:**|**31.03.21**
**£**
**£**
270,692
270,692
22,524
100
11,738
34,362
2,453
31,909
302,601
302,601
302,601|**31.03.20**|**31.03.20**| |---|---|---|---| ||**£**
270,692
22,524
100
11,738
34,362
2,453
302,601|**£**
282,354
13,580
100
27,760
41,440
5,000
318,794|**£**
282,354
36,440| ||||318,794| ||||| ||||318,794| The financial statements have been prepared under the historic cost convention and in accordance with applicable UK accounting standards and with the Charities Act. ……………………………………………… Doug Poynton – Chair of Trustees 16[th] June 2021 - 5 - Wensum Sports Centre Charitable Association ## **Notes to the Financial Statements for the Year Ended 31 March 2021** ## 1. **ACCOUNTING POLICIES** ## **Incoming Resources** All incoming resources are included in the Statement of Financial Activities (SOFA) when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy or when amounts, such as gifts, are received. The value of services provided by volunteers has not been included in these accounts. ## **Expenditure and Liabilities** Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to pay out resources. ## **Assets** Tangible fixed assets for use by the Charity are capitalised if they can be used for more than one year. They are valued at cost and written off over the expected life of the asset or over the term of the lease in the case of building improvements. Stocks are valued at the lower of cost or market value. ## 2. **ANALYSIS OF INCOMING RESOURCES** |**UNRESTRICTED FUNDS**
Halls and Squash
Membership
Gym
Sundries and Snacks
Room and Equipment Hire
Donations
Grants
Total|**31.03.21**
**31.03.20**
**£**
**£**
26,774
90,671
4,355
6,964
1,668
6,193
490
3,078
5,403
16,013
24,959
66,101
44,057
3,500
107,676
192,520| |---|---| - 6 - Wensum Sports Centre Charitable Association ## **3 ANALYSIS OF RESOURCES EXPENDED** |**RESTRICTED EXPENDITURE**
Roof Replacement and New Heating System
included in Fixed Assets and depreciated
over the remaining term of the lease.
**UNRESTRICTED EXPENDITURE**
Bank Charges
Paypal Fees
Cleaning
Rent,rates,utilities and insurance
Other Office Costs
Professional Fees
Repairs and Renewals
Hire
Sub Contract and Wages
Telecoms and IT
Depreciation
Total|**31.03.21**
**31.03.20**
**£**
**£**
21,160
**31.03.21**
**31.03.20**
**£**
833
1,443
1,491
2,102
3,670
4,414
21,772
26,845
4,911
6,649
2,325
4,231
2,916
11,386
1,587
2,135
62,568
113,069
655
728
21,141
24,064
123,869
197,066| |---|---| The independent examiners fee for reporting on the accounts was £750. - 7 - Wensum Sports Centre Charitable Association ## **Notes to the Financial Statements** **for the Year Ended 31 March 2021** |4.
**TANGIBLE FIXED ASSETS**
**Land and**
**Buildings**
**Equipment**
**COST:**
At 1 April 2020
312,981
36,082
Additions
9,480
Disposals
At 31 March 2021
**DEPRECIATION:**
At 1 April 2020
47,591
19,118
Charge for Year
16,900
4,241
Eliminated on disposals
At 31 March 2021
**NET BOOK VALUE:**
At 31 March 2021
At 31 March 2020
5.
**DEBTORS: AMOUNTS FALLING**
**DUE WITHIN ONE YEAR**
Trade Debtors
Amount Owed by Subsidiary
6.
**CREDITORS: AMOUNTS FALLING**
**DUE WITHIN ONE YEAR**
Trade Creditors
Advance Donation from Subsidiary
Utilities Accrual
Other Creditors and accruals|**Total**| |---|---| ||**£**
**349,063**
**9,480**| ||**358,543**| ||**66.710**
**21,141**| ||**87,851**| ||**270,692**| ||**282,354**| ||**£**
**-**
**22,524**| ||**22,524**
**£**
**-**
**-**
**2,453**
**-**| ||**2,453**| - 8 - Wensum Sports Centre Charitable Association ## **Report of the Accountants to the Trustees of Wensum Sports Centre Charitable Association** In accordance with your instructions, I have compiled these unaudited financial statements, in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me. David Higenbottam 50 Neville Rd Norwich Norfolk NR7 8DY Date; 16[th] June 2021 - 9 -