**REGISTERED COMPANY NUMBER: 08059470 (England and Wales) REGISTERED CHARITY NUMBER: 1150117** 

Report of the Trustees and 

Financial Statements for the Year Ended 30 June 2020 

## for 

Staffordshire Winter Sports Club Limited 

Haines Watts Sterling House 97 Lichfield Street Tamworth Staffordshire B79 7QF 



Staffordshire Winter Sports Club Limited 

Contents of the Financial Statements for the Year Ended 30 June 2020 

||Page|
|---|---|
|Report of the Trustees|1 to 7|
|Report of the Independent Auditors|8 to 10|
|Statement of Financial Activities|11|
|Statement of Financial Position|12|
|Statement of Cash Flows|13|
|Notes to the Statement of Cash Flows|14|
|Notes to the Financial Statements|15 to 22|
|Detailed Statement of Financial Activities|23 to 24|





Staffordshire Winter Sports Club Limited 

## Report of the Trustees 

for the Year Ended 30 June 2020 

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2020. The trustees have  adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). 

Page 1 



Staffordshire Winter Sports Club Limited 

## Report of the Trustees 

for the Year Ended 30 June 2020 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

Our charity's purposes as set out in the objects contained in the company's memorandum of association are to: 

For the benefit of the public in Staffordshire and surrounding area: 

1) The preservation and protection of good health and the promotion of community participation in healthy recreation through sport and physical fitness. 

2) To advance in life and relieve needs of young people through: 

(a) The provision of recreational and leisure time activities provided in the interest of social welfare, designed to improve their conditions of life; 

(b) Providing support and activities which develop their skills, capacities and capabilities to enable them to participate in society as mature and responsible individuals. 

3) To relieve the needs of people with disabilities as the trustees shall determine. 

4) Such charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the trustees may from time to time determine all business decisions are made having given reference to the objects of the charity. 

## ENSURING OUR WORK DELIVERS OUR AIMS 

We review our aims, objectives and activities each year. The review looks at the success of each key  activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aim, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set. 

## THE FOCUS OF OUR WORK 

Our main objectives for the year was the promotion and prevention of health, educational, recreational and sporting activities. The strategies we used to meet these objectives included: 

o Providing a range of educational programmes aimed at people of all ages, genders, ethnicity, ability, sexuality or ability which account for the majority of facility use at our ice rinks. 

o Focusing upon providing pathways from our educational programmes into regular participation in activities that promoted good health, social interaction and personal development. 

o Provide educational opportunities for young people in the communities we work in through the introduction of apprenticeships. 

o Continue to focus on reducing energy usage across our facilities to limit the impact on the environment. 

Page 2 



Staffordshire Winter Sports Club Limited 

## Report of the Trustees 

for the Year Ended 30 June 2020 

## **OBJECTIVES AND ACTIVITIES PUBLIC BENEFIT** 

Our main activities and who we engage with are described below. All our charitable activities focus on the provision of leisure, health, sports and educational activities and are undertaken to further our charitable purposes for the public benefit. 

## WHO USED AND BENEFITED FROM OUR SERVICES? 

The members confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have regard to the Charity Commission's general guidance on public benefit and have used this information when devising our aims and objectives and planning future activities. 

The Charity is committed to providing affordable leisure and recreational programmes for the communities it works with and will achieve this by robust management, allowing prices to be kept affordable, and by reinvesting in new and existing activities. The Charity recognises that in order to successfully deliver its objectives it must also provide a high quality experience for each and every service user. The monitoring of this is achieved through the use of monthly independent mystery visits supported by a robust, transparent user engagement programme. The Charity works with a range of other charities and community groups to extend its impact and benefit to the wider community. An example of this is the provision of free educational ice skating and ice hockey programmes and the provision for structured social interaction activities for young people undergoing "home schooling". 

Staffordshire Winter Sports Club strives for equity of access and works with local authority partners in delivering Council led initiatives at our centres. We undertake proactive research into grant funding to support the provision of activities for disadvantaged groups and provide free educational programmes. In our site in Uttoxeter we also provide special screenings of films in an environment for people with sensory related disabilities. 

As a charity we work with local disability groups across our operating area to run activities and sessions for various ages and ability levels as well as providing educational programmes aimed specifically at those with a disability. 

In order to support our local communities, we work with the various National Governing Bodies of sport to encourage people to either start, or return to, sports participation and we run open days offering free or very low-cost activities. Additionally, we work with local charities assisting them with fund raising and making facilities available for their use. 

## **STRATEGIC REPORT** 

## **Achievement and performance** 

## **Charitable activities** 

Trading conditions have continued to be difficult but the charity has managed its businesses well and has seen a steady income from its activities. 

Over the past year we have seen a significant increase in young people taking up the sports of ice skating and ice hockey have seen a healthy retention rate in those people aged 14-25 who have participated in our educational programmes. 

Our membership programme has continued to grow and approximately 15% of all users are part of our membership programme. 

Page 3 



Staffordshire Winter Sports Club Limited 

## Report of the Trustees 

for the Year Ended 30 June 2020 

## **STRATEGIC REPORT** 

## **Financial review** 

## **Financial Management** 

The executive management team prepare the annual operational budget for the charity and this is approved by the board of management prior to the commencement of the financial year. 

The board of management receive quarterly reports on the financial performance of the charity. These reports include an Income and expenditure statement and balance sheet, both compared to budget and last year for the month and year to date. 

All funds are generated through receipts from customers or from funding provided by our local authority partners. The majority of funds are spent on subsidising participation in activities. 

Expenditure of these funds supports the key community objectives of the charity and the continued investment in improved services and facilities for the community. 

## **Reserves policy** 

The Board have agreed a minimum cash reserves policy equal to three months trading to protect against poor trading conditions or unexpected expenses. 

## **PLANS FOR FUTURE PERIODS** 

We strive to continue to deliver high quality community programmes and to develop and expand our programmes into new communities. 

Development of new facilities is also an on-going focus - identifying new opportunities that meet the needs of the community and also fulfil our charitable objectives. 

To recognise our activities are dispersed throughout the county we intend to secure a central office to provide support services. Additionally, we are intending to introduce a training centre in partnership with University College Birmingham. 

In order to address the seasonal economic variations, we have experienced in relation to the ice rinks we intend to look to expand our sports provision into non-winter sports activities such as Netball. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** 

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. 

## **RECRUITMENT AND APPOINTMENT OF NEW TRUSTEES** 

In exercising its powers to nominate, appoint, reappoint; elect, re-elect, approve and dismiss members, the members shall seek to ensure that the board is representative of the local community and also comprises persons with a broad range of skills who are likely to contribute to the organisations success. 

## **Organisational structure** 

The Board of Trustees has responsibility for administering the charity. 

Page 4 



Staffordshire Winter Sports Club Limited 

## Report of the Trustees 

for the Year Ended 30 June 2020 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT BOARD MEMBERS INDUCTION AND TRAINING** 

All new members joining the Board receive a full induction that is aimed at training them in their statutory responsibilities under charity and company law. The Induction will normally include: 

o Meeting with the Chairman of the Board 

o Tour of all facilities and an opportunity to meet staff 

o Access to safeguarding training 

- Receive copies of the Charity's rules 

o Receive copies of strategy and business planning documents 

o Receive copies of corporate policies and documents 

o Receive an organisational structure and overview of the management process 

## **RELATIONSHIP BETWEEN THE CHARITY AND SUPPORTING PARTIES** 

The Charity has a two-year licence granted by The Ice Rink Company Limited to operate Cannock Ice Rink for all educational, health and sporting activities. The charity operates the rink under the brand name Planet Ice. 

The Charity has a two-year licence granted by The Ice Rink Company Limited to operate as Blackburn Ice Rink for all educational, health and sporting activities. The charity operates the rink under the brand name Planet Ice. 

The Charity has a two-year licence granted by PI Property (Leisure) Limited to operate Cinebowl and  iSkate in Uttoxeter. The charity operates iSkate under the brand name Planet Ice. 

The Charity also has two-year licences granted by Nice Leisure Limited to occupy Lichfield Health Club and The Workout in Burton.  Both are operated by not-for-profit organisations as Members Clubs. 

The Charity has appointed Silver Blades (Cannock) Limited to oversee the day-to-day operation of Cannock Ice Rink through a Service Level Agreement. 

The Charity has appointed Silver Blades (Blackburn) Limited to oversee the day-to-day operation of Blackburn Ice Rink through a Service Level Agreement. 

The Charity is affiliated as required to the National Governing Bodies for the sports it provides. 

## **RISK MANAGEMENT** 

The members of the Board have a duty to Identify and review the risks to which the charity is exposed and  to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Board members confirm that the major risks to the charity have been reviewed and that systems or procedures have been established to manage those risks. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

## **Registered Company number** 

08059470 (England and Wales) 

## **Registered Charity number** 

1150117 

Page 5 



Staffordshire Winter Sports Club Limited 

## Report of the Trustees 

for the Year Ended 30 June 2020 

## **Registered office** 

Muckley Corner House Walsall Road Lichfield Staffordshire WS14 0BG 

## **Trustees** 

T Fife Accountant D J Green Accountant M Lloyd Consultant H S D Rhodes Managing Director 

## **Auditors** 

Haines Watts Sterling House 97 Lichfield Street Tamworth Staffordshire B79 7QF 

## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** 

The trustees (who are also the directors of Staffordshire Winter Sports Club Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charity SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

In so far as the trustees are aware: 

- there is no relevant audit information of which the charitable company's auditors are unaware; and 

- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. 

Page 6 



Staffordshire Winter Sports Club Limited 

## Report of the Trustees 

for the Year Ended 30 June 2020 

## **AUDITORS** 

The auditors, Haines Watts, will be proposed for re-appointment at the forthcoming Annual General Meeting. 

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by: 

................................................................. 

D J Green - Trustee 

Page 7 



Report of the Independent Auditors to the Members of Staffordshire Winter Sports Club Limited 

## **Opinion** 

We have audited the financial statements of Staffordshire Winter Sports Club Limited (the 'charitable company') for the year ended 30 June 2020 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

In our opinion the financial statements: 

- give a true and fair view of the state of the charitable company's affairs as at 30 June 2020 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where: 

- the trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or 

- the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. 

## **Other information** 

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. 

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.  We have nothing to report in this regard. 

Page 8 



Report of the Independent Auditors to the Members of Staffordshire Winter Sports Club Limited 

## **Opinions on other matters prescribed by the Companies Act 2006** 

In our opinion, based on the work undertaken in the course of the audit: 

- the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and 

- the Report of the Trustees has been prepared in accordance with applicable legal requirements. 

## **Matters on which we are required to report by exception** 

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. 

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: 

- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees' remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit. 

## **Responsibilities of trustees** 

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

## **Our responsibilities for the audit of the financial statements** 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors. 

Page 9 



Report of the Independent Auditors to the Members of Staffordshire Winter Sports Club Limited 

## **Use of our report** 

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3  of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for  no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. 

Stephen Butler BA FCA (Senior Statutory Auditor) for and on behalf of Haines Watts Sterling House 97 Lichfield Street Tamworth Staffordshire B79 7QF 

Date: ............................................. 

Page 10 



Staffordshire Winter Sports Club Limited 

Statement of Financial Activities for the Year Ended 30 June 2020 

|Notes<br>**INCOME AND ENDOWMENTS FROM**<br>Donations and legacies<br>2<br>**Charitable activities**<br>3<br>Leisure Activities<br>**Total**<br>**EXPENDITURE ON**<br>**Charitable activities**<br>4<br>Leisure Activities<br>**NET INCOME**<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**<br>**TOTAL FUNDS CARRIED FORWARD**|30.6.20<br>Unrestricted<br>fund<br>£<br>25,000<br>1,444,030<br>1,469,030<br>1,462,570<br>6,460<br>50,871<br>57,331|30.6.19<br>Total<br>funds<br>£<br>-<br>1,903,272|
|---|---|---|
|||1,903,272<br>1,871,869|
|||31,403<br>19,468|
|||50,871|



The notes form part of these financial statements 

Page 11 



Staffordshire Winter Sports Club Limited 

## Statement of Financial Position 30 June 2020 

|30.6.20<br>Unrestricted<br>fund<br>Notes<br>£<br>**FIXED ASSETS**<br>Tangible assets<br>10<br>8,501<br>**CURRENT ASSETS**<br>Stocks<br>11<br>4,724<br>Debtors<br>12<br>401,409<br>Cash at bank and in hand<br>7,666<br>413,799<br>**CREDITORS**<br>Amounts falling due within one year<br>13<br>(364,969)<br>**NET CURRENT ASSETS**<br>48,830<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>57,331<br>**NET ASSETS/(LIABILITIES)**<br>57,331<br>**FUNDS**<br>14<br>Unrestricted funds<br>57,331<br>**TOTAL FUNDS**<br>57,331|30.6.19<br>Total<br>funds<br>£<br>9,714<br>12,320<br>320,918<br>30,090<br>363,328<br>(322,171)<br>41,157<br>50,871<br>50,871<br>50,871<br>50,871|
|---|---|



The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 

............................................. D J Green - Trustee 

The notes form part of these financial statements 

Page 12 



## Staffordshire Winter Sports Club Limited 

|Statement of Cash Flows<br>for the Year Ended 30 June 2020<br>Notes<br>**Cash flows from operating activities**<br>Cash generated from operations<br>1<br>Net cash (used in)/provided by operating activities<br>**Cash flows from investing activities**<br>Purchase of tangible fixed assets<br>Net cash used in investing activities<br>**Change in cash and cash equivalents**<br>**in the reporting period**<br>**Cash and cash equivalents at the**<br>**beginning of the reporting period**<br>**Cash and cash equivalents at the end**<br>**of the reporting period**|30.6.20<br>£<br>(21,628)<br>(21,628)<br>(796)<br>(796)<br>(22,424)<br>30,090<br>7,666|30.6.19<br>£<br>24,712<br>24,712<br>(2,445)<br>(2,445)<br>22,267<br>7,823<br>30,090|
|---|---|---|



The notes form part of these financial statements 

Page 13 



Staffordshire Winter Sports Club Limited 

Notes to the Statement of Cash Flows for the Year Ended 30 June 2020 

## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** 

|**ACTIVITIES**|||
|---|---|---|
|**Net income for the reporting period (as per the Statement of**<br>**Financial Activities)**<br>**Adjustments for:**<br>Depreciation charges<br>Decrease/(increase) in stocks<br>(Increase)/decrease in debtors<br>Increase/(decrease) in creditors<br>**Net cash (used in)/provided by operations**|30.6.20<br>£<br>6,460<br>2,009<br>7,596<br>(80,491)<br>42,798<br>(21,628)|30.6.19<br>£<br>31,403<br>2,067<br>(1,146)<br>25,194<br>(32,806)|
|||24,712|



## 2. **ANALYSIS OF CHANGES IN NET FUNDS** 

||At 1.7.19|Cash flow|At 30.6.20|
|---|---|---|---|
||£|£|£|
|**Net cash**||||
|Cash at bank and in hand|30,090|(22,424)|7,666|
||30,090|(22,424)|7,666|
|**Total**|30,090|(22,424)|7,666|



The notes form part of these financial statements 

Page 14 



Staffordshire Winter Sports Club Limited 

Notes to the Financial Statements for the Year Ended 30 June 2020 

## **1. ACCOUNTING POLICIES** 

## **Basis of preparing the financial statements** 

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 

## **Income** 

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. 

## **Expenditure** 

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## **Tangible fixed assets** 

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. 

Plant and machinery - 20% on reducing balance 

## **Stocks** 

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 

## **Taxation** 

The charity is exempt from corporation tax on its charitable activities. 

## **Fund accounting** 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

Page 15 

continued... 



Staffordshire Winter Sports Club Limited 

Notes to the Financial Statements - continued for the Year Ended 30 June 2020 

## **1. ACCOUNTING POLICIES - continued** 

## **Pension costs and other post-retirement benefits** 

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. 

## **Debtors** 

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid. 

Cash at bank and in hand 

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## Liabilities 

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payment for the goods or services it must provide. 

## Financial instruments 

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.Basic financial instruments are initially recognised at transaction value and subsequently measured at there settlement value. 

## Going Concern 

The trustees continue to monitor the current COVID-19 updates as they emerge and will action plans accordingly as further details covering charitable business support, grants and other support measures are introduced by the government. 

## **2. DONATIONS AND LEGACIES** 

|Grants<br>Grants received, included in the above, are as follows:<br>Other grants|30.6.20<br>£<br>25,000<br>30.6.20<br>£<br>25,000|30.6.19<br>£<br>-|
|---|---|---|
|||30.6.19<br>£<br>-|



Page 16 

continued... 



Staffordshire Winter Sports Club Limited 

Notes to the Financial Statements - continued for the Year Ended 30 June 2020 

## **3. INCOME FROM CHARITABLE ACTIVITIES** 

|Activity<br>Educational programs<br>Leisure Activities<br>Leisure and recreational<br>activities<br>Leisure Activities<br>Events<br>Leisure Activities<br>Miscellaneous<br>Leisure Activities<br>**4.**<br>**CHARITABLE ACTIVITIES COSTS**<br>Direct<br>Costs<br>£<br>Leisure Activities<br>1,312,137<br>**5.**<br>**SUPPORT COSTS**<br>Management<br>Finance<br>£<br>£<br>Leisure Activities<br>125,073<br>11,457<br>**6.**<br>**NET INCOME/(EXPENDITURE)**<br>Net income/(expenditure) is stated after charging/(crediting):<br>Auditors' remuneration<br>Depreciation - owned assets|30.6.20<br>£<br>280,624<br>865,552<br>19,731<br>278,123<br>1,444,030<br>Support<br>costs (see<br>note 5)<br>£<br>150,433<br>Governance<br>costs<br>£<br>13,903<br>30.6.20<br>£<br>5,281<br>2,009|30.6.19<br>£<br>403,146<br>1,080,281<br>31,333<br>388,512|30.6.19<br>£<br>403,146<br>1,080,281<br>31,333<br>388,512|
|---|---|---|---|
|||1,903,272||
|||Totals<br>£<br>1,462,570||
||||Totals<br>£<br>150,433|
||||30.6.19<br>£<br>5,200<br>2,067|



continued... 

Page 17 



Staffordshire Winter Sports Club Limited 

Notes to the Financial Statements - continued for the Year Ended 30 June 2020 

## **7. TRUSTEES' REMUNERATION AND BENEFITS** 

There were no trustees' remuneration or other benefits for the year ended 30 June 2020 nor for the year ended 30 June 2019. 

## **Trustees' expenses** 

There were no trustees' expenses paid for the year ended 30 June 2020 nor for the year ended 30 June 2019. 

**8. STAFF COSTS** 

|30.6.20<br>£<br>Wages and salaries<br>280,245<br>Social security costs<br>14,341<br>Other pension costs<br>4,067<br>298,653<br>The average monthly number of employees during the year was as follows:<br>30.6.20<br>No employees received emoluments in excess of £60,000.<br>**9.**<br>**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**<br>**INCOME AND ENDOWMENTS FROM**<br>**Charitable activities**<br>Leisure Activities<br>**EXPENDITURE ON**<br>**Charitable activities**<br>Leisure Activities<br>**NET INCOME**<br>**RECONCILIATION OF FUNDS**<br>**Total funds brought forward**|30.6.19<br>£<br>373,037<br>18,611<br>3,549<br>395,197<br>30.6.19<br>Unrestricted<br>fund<br>£<br>1,903,272<br>1,871,869<br>31,403<br>19,468|
|---|---|



continued... 

Page 18 



Staffordshire Winter Sports Club Limited 

Notes to the Financial Statements - continued for the Year Ended 30 June 2020 

|**9.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**||
|---|---|---|---|---|
||||Unrestricted||
|||||fund|
|||||£|
||**TOTAL FUNDS CARRIED**||||
||**FORWARD**|||50,871|
|**10.**|**TANGIBLE FIXED ASSETS**||||
||||Plant and||
||||machinery||
|||||£|
||**COST**||||
||At 1 July 2019||18,859||
||Additions|||796|
||At 30 June 2020||19,655||
||**DEPRECIATION**||||
||At 1 July 2019|||9,145|
||Charge for year|||2,009|
||At 30 June 2020||11,154||
||**NET BOOK VALUE**||||
||At 30 June 2020|||8,501|
||At 30 June 2019|||9,714|
|**11.**|**STOCKS**||||
|||30.6.20|30.6.19||
|||£||£|
||Stocks|4,724|12,320||



continued... 

Page 19 



Staffordshire Winter Sports Club Limited 

Notes to the Financial Statements - continued for the Year Ended 30 June 2020 

|**12.**<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade debtors<br>Other debtors<br>Prepayments<br>**13.**<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>Trade creditors<br>Social security and other taxes<br>VAT<br>Other creditors<br>Accrued expenses<br>**14.**<br>**MOVEMENT IN FUNDS**<br>At 1.7.19<br>£<br>**Unrestricted funds**<br>General fund<br>50,871<br>**TOTAL FUNDS**<br>50,871<br>Net movement in funds, included in the above are as follows:<br>Incoming<br>resources<br>£<br>**Unrestricted funds**<br>General fund<br>1,469,030<br>**TOTAL FUNDS**<br>1,469,030|30.6.20<br>£<br>61,670<br>339,739<br>-<br>401,409<br>30.6.20<br>£<br>194,775<br>23,811<br>30,386<br>89,749<br>26,248<br>364,969<br>Net<br>movement<br>in funds<br>£<br>6,460<br>6,460<br>Resources<br>expended<br>£<br>(1,462,570)<br>(1,462,570)|30.6.19<br>£<br>53,295<br>258,065<br>9,558<br>320,918<br>30.6.19<br>£<br>176,006<br>16,142<br>16,407<br>66,501<br>47,115<br>322,171<br>At<br>30.6.20<br>£<br>57,331<br>57,331<br>Movement<br>in funds<br>£<br>6,460<br>6,460|
|---|---|---|



continued... 

Page 20 



Staffordshire Winter Sports Club Limited 

Notes to the Financial Statements - continued for the Year Ended 30 June 2020 

## **14. MOVEMENT IN FUNDS - continued** 

## **Comparatives for movement in funds** 

|Net<br>movement<br>At 1.7.18<br>in funds<br>£<br>£<br>**Unrestricted funds**<br>General fund<br>19,468<br>31,403<br>**TOTAL FUNDS**<br>19,468<br>31,403<br>Comparative net movement in funds, included in the above are as follows:<br>Incoming<br>Resources<br>resources<br>expended<br>£<br>£<br>**Unrestricted funds**<br>General fund<br>1,903,272<br>(1,871,869)<br>**TOTAL FUNDS**<br>1,903,272<br>(1,871,869)<br>A current year 12 months and prior year 12 months combined position is as follows:<br>Net<br>movement<br>At 1.7.18<br>in funds<br>£<br>£<br>**Unrestricted funds**<br>General fund<br>19,468<br>37,863<br>**TOTAL FUNDS**<br>19,468<br>37,863|At<br>30.6.19<br>£<br>50,871<br>50,871<br>Movement<br>in funds<br>£<br>31,403<br>31,403<br>At<br>30.6.20<br>£<br>57,331<br>57,331|
|---|---|
|||
|||



continued... 

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Staffordshire Winter Sports Club Limited 

Notes to the Financial Statements - continued for the Year Ended 30 June 2020 

## **14. MOVEMENT IN FUNDS - continued** 

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: 

|**Unrestricted funds**<br>General fund<br>**TOTAL FUNDS**|Incoming<br>resources<br>£<br>3,372,302<br>3,372,302|Resources<br>expended<br>£<br>(3,334,439)<br>(3,334,439)|Movement<br>in funds<br>£<br>37,863<br>37,863|
|---|---|---|---|



## **15. RELATED PARTY DISCLOSURES** 

As at 30th June 2020 £22,090 was owed to Peterborough Winter Sports Club (2019: £1,805) 

As at 30th June 2020 £46,427 was owed by Peterborough Winter Sports Club (2019: £54,301) 

As at 30th June 2020 £48,100 was owed by Bison in the Community (2019: £74,550) 

As at 30th June 2020 £107,966 was owed by West Midlands Winter Sports Club (2019: £93,421) 

Such transactions with related parties are at arms-length and due to the unique nature and inter-relationship of the charities concerned, there is naturally an element of recharge between them  to cover seasonal and common activities and events. 

The Charities are deemed to be related because Mr Green, Mr Rhodes, Mr Fife and Mr Lloyd are trustees of each of them. 

## **16. COMPANY LIMITED BY GUARANTEE** 

The company is limited by guarantee, each member having undertaken to contribute such amounts not exceeding one pound as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter.There are 5 members of the company. 

Page 22 



Staffordshire Winter Sports Club Limited 

|Detailed Statement of Financial Activities<br>for the Year Ended 30 June 2020<br>**INCOME AND ENDOWMENTS**<br>**Donations and legacies**<br>Grants<br>**Charitable activities**<br>Educational programs<br>Leisure and recreational activities<br>Events<br>Miscellaneous<br>**Total incoming resources**<br>**EXPENDITURE**<br>**Charitable activities**<br>Wages<br>Social security<br>Pensions<br>Rates and water<br>Light and heat<br>Telephone<br>Postage and stationery<br>DJ costs<br>Teachers<br>Licences<br>Security<br>First aid<br>Travelling<br>Purchases<br>Equipment hire<br>Training<br>**Support costs**<br>**Management**<br>Advertising<br>Sundries<br>Carried forward|30.6.20<br>£<br>25,000<br>280,624<br>865,552<br>19,731<br>278,123<br>1,444,030<br>1,469,030<br>280,245<br>14,341<br>4,067<br>31,388<br>97,042<br>4,563<br>3,579<br>-<br>48,982<br>527,639<br>-<br>170<br>961<br>298,294<br>625<br>241<br>1,312,137<br>9,724<br>17,237<br>26,961|30.6.19<br>£<br>-<br>403,146<br>1,080,281<br>31,333<br>388,512|
|---|---|---|
|||1,903,272|
|||1,903,272<br>373,037<br>18,611<br>3,549<br>30,205<br>93,936<br>4,582<br>4,648<br>13<br>62,631<br>638,283<br>2,033<br>2,572<br>757<br>427,269<br>963<br>-|
|||1,663,089<br>20,225<br>29,454<br>49,679|



This page does not form part of the statutory financial statements 

Page 23 



Staffordshire Winter Sports Club Limited 

Detailed Statement of Financial Activities for the Year Ended 30 June 2020 

|**Management**<br>Brought forward<br>Management charges<br>Repairs and maint<br>Repairs and maintenance<br>Plant and machinery<br>**Finance**<br>Bank charges<br>Credit charges<br>**Governance costs**<br>Auditors' remuneration<br>Accountancy and legal fees<br>Total resources expended<br>**Net income**|30.6.20<br>£<br>26,961<br>58,206<br>37,897<br>-<br>2,009<br>125,073<br>1,991<br>9,466<br>11,457<br>5,281<br>8,622<br>13,903<br>1,462,570<br>6,460|30.6.19<br>£<br>49,679<br>76,456<br>-<br>51,731<br>2,067|
|---|---|---|
|||179,933<br>2,426<br>10,826|
|||13,252<br>5,200<br>10,395|
|||15,595|
|||1,871,869|
|||31,403|



This page does not form part of the statutory financial statements 

Page 24