Wensum Sports Centre Charitable Association
Wensum Sports Centre Charitable Association Report and Accounts for the Year Ended 31[st] March 2025
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Wensum Sports Centre Charitable Association
Trustees Report for the Year Ended 31 March 2025
CHARITY NUMBER 1150110 TRUSTEES Doug Poynton William Glover Graham Long Lesley Grahame David Higenbottam 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 2025 the charity recorded a surplus before depreciation of £16,298. This was after incurring costs of £14,079 for ongoing repairs and renewals to improve facilities for members and significant professional fees associated with the installation of solar panels on the roof. Income was significantly up on last year thanks to ongoing efforts to encourage use of the Charity`s facilities.
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 £51,786 to the charity during the course of the year.
The installation of solar panels to our roof has been the stand out project for the past year. This was not an easy task as complications with the electrical supply to the old "Wensum Lodge " complex had to be addressed. The connection to the grid via an alternative supplier has yet to be established but is in hand. The final result should prove to be a big financial help for the long term. The squash courts have now had a refurbishment, including painting and floor sanding. The community area has been transformed, with cosmetic detailing and new furniture. A small Bistro cafe & licensed bar has been introduced, providing a more relaxing social area. This has proved to be a popular addition to the centre.
There have been ongoing additions to the gym, with equipment being replaced as required. Since the closure of "Wensum Lodge ", next door, our car park revenue has dropped. However use of the"Your Parking" company has enabled better public awareness of the facility, which has increased the usage back to a comparable level.
The centre has continued to play a vibrant part in the community, with increased numbers enjoying access to the many sports available and with social interactions across a wide age and ethnic mix.
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:4[th] August 2025
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Wensum Sports Centre Charitable Association
| Wensum Sports Centre Charitable Association | |||||
|---|---|---|---|---|---|
| Statement of Financial Activities-Year Ended 31st March 2025 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 | 243,509 243,509 184,278 |
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| Donations, Legacies and Grants | 54,272 54,272 65,804 |
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| Total incoming resources 2 |
297,781 297,781 250,082 |
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| RESOURCES EXPENDED | |||||
| Sub Contracted and Waged Services |
147,520 147,520 129,288 |
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| Rent, rates, utilities and insurance | 45,427 45,427 44,555 |
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| Repairs and Renewals | 14,079 14,079 8,655 |
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| Office Costs | 7,824 7,824 2,608 |
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| Legal and professional fees | 36,933 36,933 11,205 |
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| Cost of fundraising events | 25,404 25,404 12,156 |
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| Bank charges and Card Fees | 4,296 4,296 3,391 |
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| Depreciation | 23,832 23,832 23,638 |
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| TOTAL RESOURCES EXPENDED 3 |
305,315 305,315 235,496 |
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| Net incoming/(outgoing) resources before transfers |
(7,534) (7,534) 14,586 |
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| Gross transfers between funds | - - - |
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| Net incoming/(outgoing) resources before other recognisedgains/(losses) |
(7,534) (7,534) 14,586 |
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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 | (7,534) (7,534) 14,586 |
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| Total funds brought forward | 302,411 302,411 287,825 |
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| TOTAL FUNDS CARRIED FORWARD | 294,877 | 294,877 | 302,411 |
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Wensum Sports Centre Charitable Association
Balance Sheet
31[st] March 2025
| 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: |
31.03.25 £ £ 272,972 272,972 4,825 750 20,603 26,178 4,273 21,905 294,877 294,877 294,877 |
31.03.24 | 31.03.24 |
|---|---|---|---|
| £ 272,972 4,825 750 20,603 26,178 4,273 294,877 |
£ 292,446 2,315 150 50,614 53,079 43,114 302,411 |
£ 292,446 9,965 |
|
| 302,411 | |||
| 302,411 |
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
4[th] August 2025
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Wensum Sports Centre Charitable Association
Notes to the Financial Statements
for the Year Ended 31 March 2025
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 MMA Sundries and Snacks Room and Equipment Hire Socials/Events Donations Grants Total |
31.03.25 31.03.24 £ £ 136,344 109,231 23,885 23,714 27,079 18,266 5,220 5,115 11,075 2,391 10,635 5,449 29,271 20,112 54,272 65,304 500 297,781 250,082 |
|---|---|
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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 Office Costs Retail Professional Fees Repairs and Renewals Coaching Sub Contract and Wages Depreciation Total |
31.03.25 31.03.24 £ 371 329 3,925 3,062 4,434 2,498 45,427 44,555 7,824 2,713 11,047 1,738 36,933 11,205 14,079 8,655 9,923 7,815 147,520 129,288 23,832 23,638 305,315 235,496 |
|---|---|
.
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Wensum Sports Centre Charitable Association
4. 5. 6. |
Notes to the Financial Statements for the Year Ended 31 March 2025 TANGIBLE FIXED ASSETS Land and Buildings Equipment COST: At 1 April 2024 401,129 47,749 Additions 4,358 Disposals At 31 March 2025 DEPRECIATION: At 1 April 2024 119,427 37,005 Charge for Year 20,056 3,776 Eliminated on disposals At 31 March 2025 NET BOOK VALUE: At 31 March 2025 At 31 March 2024 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade Debtors Amount Owed by Subsidiary CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Utilities Accrual Other Creditors and accruals |
Total |
|---|---|---|
| £ 448,878 4,358 |
||
| 453,236 | ||
| 156,432 23,832 |
||
| 180,264 | ||
| 272,972 | ||
| 292,446 | ||
| £ 3,441 1,384 |
||
| 4,825 £ 3,523 750 |
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| 4,273 |
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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 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] August 2025
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