Wensum Sports Centre Charitable Association
Wensum Sports Centre Charitable Association Report and Accounts for the Year Ended 31[st] March 2022
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Wensum Sports Centre Charitable Association
Trustees Report for the Year Ended 31 March 2022
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
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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 Commissions guidance on public benefit. They confirm that in planning and carrying out the Trusts activities they have had regard to this guidance,
ACHIEVEMENTS AND PERFORMANCE
For the year ended 31[st] March 2022 the charity recorded a surplus before depreciation of £32,733. After the depreciation charge on capitalised expenditure there was a recorded surplus of £10,006. This was after incurring costs of £4,034 for ongoing repairs and renewals to improve facilities for members and capitalised expenses of £34,752 on structural improvements and equipment. This included new windows in the ladies changing rooms, new flooring in the entrance area and changing rooms, new bench seating and new floor matts in the gym area.
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 £24,284 to the charity during the course of the year.
Following the lengthy closure and restraints imposed on us due to Covid19, the centre eventually returned to a more relaxed trading position during late 2021. Careful planning and the provision of Covid19 grants allowed us to avoid any large financial losses. Items were purchased for Covid19 protection using the various grants that had become available. As the centre reopened so the numbers quickly returned to normal. The booking system had to be extended to accommodate the extra demand as the year progressed. The demand and resurgence experienced clearly demonstrates the need for centres of this nature, to help with the rebuilding of confidence and wellbeing in our community.
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: 6[th] June 2022
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Wensum Sports Centre Charitable Association
| Wensum Sports Centre Charitable Association | |||||
|---|---|---|---|---|---|
| Statement of Financial Activities-Year Ended 31st March 2022 Note |
Unrestricted funds Restricted income funds Endowment funds Total this period Total last year |
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| £ £ £ £ £ |
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| INCOMING RESOURCES | |||||
| Fees for charitable services | 57,794 57,794 38,660 |
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| Donations, Legacies and Grants | 126,032 126,032 69,016 |
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| Total incoming resources 2 |
183,826 183,826 107,676 |
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| RESOURCES EXPENDED | |||||
| Sub Contracted and Waged Services |
92,278 92,278 62,658 |
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| Rent, rates, utilities and insurance | 30,779 30,779 25,442 |
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| Repairs and Renewals | 4,034 4,034 2,916 |
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| Office Costs | 7,046 7,046 5,565 |
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| Legal and professional fees | 2,480 2,480 2,326 |
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| Cost of fundraising events | 10,498 10,498 1,587 |
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| Bank charges and Card Fees | 3,978 3,978 2,324 |
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| Depreciation | 22,727 22,727 21,141 |
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| TOTAL RESOURCES EXPENDED 3 |
173,820 173,820 123,869 |
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| Net incoming/(outgoing) resources before transfers |
10,006 10,006 (16,193) |
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| Gross transfers between funds | - - - |
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| Net incoming/(outgoing) resources before other recognisedgains/(losses) |
10,006 10,006 (16,193) |
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| Other recognised gains/(losses) | |||||
| Gains and losses on revaluation of fixed assets for the charity’s own use |
- - |
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| Gains and losses on investment assets | - - |
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| NET MOVEMENT IN FUNDS | 10,006 10,006 (16,193) |
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| Total funds brought forward | 302,601 302,601 318,794 |
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| TOTAL FUNDS CARRIED FORWARD | 312,607 | 312,607 | 302,601 |
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Wensum Sports Centre Charitable Association
Balance Sheet
31[st] March 2022
| 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: |
31.03.22 £ £ 282,717 282,717 18,760 100 19,750 38,610 8,720 29,890 312,607 312,607 312,607 |
31.03.21 | 31.03.21 |
|---|---|---|---|
| £ 282,717 18,760 100 19,750 38,610 8,720 312,607 |
£ 270,692 22,524 100 11,738 34,362 2,453 302,601 |
£ 270,692 31,909 |
|
| 302,601 | |||
| 302,601 |
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
6[th] June 2022
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Wensum Sports Centre Charitable Association
Notes to the Financial Statements
for the Year Ended 31 March 2022
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 Socials Donations Grants Total |
31.03.22 31.03.21 £ £ 83,754 26,774 5,971 4,355 9,538 1,668 4,641 490 6,910 5,403 15,218 24,393 24,959 33,401 44,057 183,826 107,676 |
|---|---|
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Wensum Sports Centre Charitable Association
3 ANALYSIS OF RESOURCES EXPENDED
| 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 |
31.03.22 31.03.21 £ 1,913 833 2,065 1,491 5,215 3,670 30,779 21,772 9,831 4,911 2,480 2,325 4,034 2,916 1,775 1,587 92,278 62,568 723 655 22,727 21,141 173,820 123,869 |
|---|---|
The independent examiners fee for reporting on the accounts was £750.
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Wensum Sports Centre Charitable Association
Notes to the Financial Statements
for the Year Ended 31 March 2022
| 4. TANGIBLE FIXED ASSETS Land and Buildings Equipment COST: At 1 April 2021 322,461 36,082 Additions 26,322 8,430 Disposals At 31 March 2022 DEPRECIATION: At 1 April 2021 64,492 23,359 Charge for Year 17,439 5,288 Eliminated on disposals At 31 March 2022 NET BOOK VALUE: At 31 March 2022 At 31 March 2021 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 |
|---|---|
| £ 358,543 34,752 |
|
| 393,295 | |
| 87,851 22,727 |
|
| 110,578 | |
| 282,717 | |
| 270,692 | |
| £ 3,288 15,472 |
|
| 18,760 £ - - 7,970 750 |
|
| 8,720 |
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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; 2[nd] June 2022
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