Wensum Sports Centre Charitable Association ## **Wensum Sports Centre Charitable Association Report and Accounts for the Year Ended 31[st] March 2025** - 1 - 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 - 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 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 - 3 - ## 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**||||| ||**£**
**£**
**£**
**£**
**£**||||| |**INCOMING RESOURCES**|||||| |Fees for charitable services|243,509
243,509
184,278||||| |Donations, Legacies and Grants|54,272
54,272
65,804||||| ||||||| |**Total incoming resources**
2|297,781
297,781
250,082||||| ||||||| |**RESOURCES EXPENDED**|||||| |Sub Contracted and Waged
Services|147,520
147,520
129,288||||| |Rent, rates, utilities and insurance|45,427
45,427
44,555||||| |Repairs and Renewals|14,079
14,079
8,655||||| |Office Costs|7,824
7,824
2,608||||| |Legal and professional fees|36,933
36,933
11,205||||| |Cost of fundraising events|25,404
25,404
12,156||||| |Bank charges and Card Fees|4,296
4,296
3,391||||| |Depreciation|23,832
23,832
23,638||||| |**TOTAL RESOURCES EXPENDED**
3|305,315
305,315
235,496||||| |**Net incoming/(outgoing) resources before**
**transfers**|(7,534)
(7,534)
14,586||||| |**Gross transfers between funds**|-
-
-||||| |**Net incoming/(outgoing) resources before**
**other recognisedgains/(losses)**|(7,534)
(7,534)
14,586||||| |**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**|(7,534)
(7,534)
14,586||||| |**Total funds brought forward**|302,411
302,411
287,825||||| |**TOTAL FUNDS CARRIED FORWARD**|294,877|||294,877|302,411| - 4 - 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 - 5 - 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| |---|---| - 6 - 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| |---|---| . - 7 - 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**| |||**4,273**| - 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 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 - 9 -