COVENTRY APIO WARWICKSMIRE AWARD TRUST A COMPANY LIMITEO BY GUAIiANTEE Charity number 1151200 Company numbet 08270063 INOEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021 PAGE Cwany hlornat Reportof Ihe th"redors B3rts Sheel Nrle5 to the FrwKial stsiwrnt5 10 Iiin niii ¢AaK21NKW• 2411212021 COMPANIES HOUSE A28
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COVENTRY AND WARWICKSHIRE AWAIID TRUST . A ¢O¥PANY LIMITED 8Y GUARANTÉE COIAPANY INFORMATk)N FI)R ThE Yw ENDED 31ST IMRCII 2021 DIRECTORS P. J. OKk M. A. E. Whitewl D. kl¢Krfcrofl SECRETARY REGISTERED OFFICE X¢el Lfji5e Centre. Mitrhell Aver¥JÈ. Carley. CV4 8DY. REGISTEReD ¢04PANY NU118ER LW27(W Wal¢sl REfySTeftED CHARITY NIJMBER 1151280 AUOITORS Dafferns LLP One Ea51wood. Harry wes& Rt)ad, Buynes5 ParK 8irdty. 8AIIKERS Nalwest Pk.. Covwiry Cty Off**. 24 &oad9ale. Covenwy. CV1 IZZ.
COVENTRY AMDWARVKKSHIRE AWARD TRUST A COMPAHY UIIITED BY GUARAlnEE AEPORT OF THE DIRECTORS F(Xg THE YEAR ENDED 31ST IAAR¢H 2021 The OKttltys. th) we so Tnstees. we$t reKrfxtwilh the fHwaal st¥rements ofthe thlab company for IhÈ yearended 31sl March 2021. PRTrICIPALACTIVITY Th• pm¢1 acbvty ofthe c¢wny in the ye thjet arKI i•swe lrftiE5 for Ib5ab and abledd tsOn$ in an intqyated 5e¢brg. DIRECTORS Th& director5 who tro¥exrved duly Ihe year si0 ts J8r8r#J re as k)Ibws.' Eart Of Ayleslord P. J. Dick M. A. E. ¥¥hi¢ehal ADMfNISTRATNe INFORMATION Th¢ ctThpany is g(wernÈd by its IAernNandum ArbC1esAS1I. C(¥npany Nuner'. 08271K63. The company is a iegislered tharity {No. 11512801. CHARITA8Le 08JECnVES These stalethal Iheoverallobj¢clNe v&lopmbdeand 1ociMi¢5 (orlts other1$yr?rr{Kcwa.on ot disabkd and able Wed pwsons. POLICIES TO ACHIEVE OBJECTfrfES Centre AT?. Ihe X¢el Lesurecentre. Ihe Wave and theAlan HTg9s Centre. c&mmurwty kn.swe and recreatK)n ceThtre5 thal 5pwfralty Fryramrn¢ and acts1$ lo attrad pwlwaiion frorn under4epYeserbt8d gro4)s h •Jeniffied areas ilhin Covenlry. • In 8ddiibn 10 Ihe I"tyse prow$th ol SPNI Irom the thrte cen1$. Ihe FoLwwJatiw wtiwde$ ¢¥wrtynth and experwcs Ilwh a ryjmberof Kitk3lives outreach prTr3rammes'.
Go CV- Co¥entry Spryts f18 has ilh Coventry Cty devebp 4rMI 1¢5t a rew city access and byalty S¢¢. seeks to prCfv7 er41 ttse ofthe faulib&S to Paople rrtN CoveNry. Community De¥ekWl. the wwiue th so Iwas iliNiemaks the fuftction of ro%nmwHty dEvefotThnl Within a specific depathent. to en5¥ Ihal a Je rary of spcrts. aclhify perform arts prtyrammes are researched. rn¥mmÈd and delivered al a rwJhbourhO(xl vel. Accss. Ihe FowbdatKn thIW5 nuirnw evwts. 1wMaeThts programm85 fordisablod grwps 8nd alM9 wth acbvibes to ertsurE acces5 to phYsal and welbbein9 VOgrmmès reath5 ar*J erwwa9es Ihose Ihal I the rrM)51 under reyesenied. The Itust¢¥s haw had r¢g•rd ¢0 Charty brrt.
COVENTRY AND wARCKsmIfte AWARD TRUST A COMPANY UMttED BY GUAwireE RÉPORT OF THE DRECTORS FOR THE YEAR EMDED 31ST MARCH 2021 ORGANISATIONAL STRUCTVRE The Board ol reCto afè respThbfe OperalK and filTral mwwgement of the Trust. Dir8Ctcrs ai¥ recommended by wdu81 direcl¢)rs 3Dd IhBW 8PPWtmer confirwl * a Directors. meer¥. Vwn the apponlmenl or any new Oiredtys. a fvll ar¥J beswke iTrjuC yoc•55 is anned in order 10 ensure plete faMaritY and underslding of the Trusi'5 rW1V and rp81a Ihe ros iespm5•5 01 the Oyectors. PAY AND REMUNERAnON Of KEY MANAGEIIENT PERSONNEL The company empY5 no staff. Ihe Company Seuetary ads as its key Inanagemeftt orferseas day to day ac1e$ Ihrwgh re as Chief Exe(¥lwe OffitWLrfCtyertry Sptrts FtyA8tic. ACTIVITIES AND ACHIEVEMENTS DVRJNG TME YEAR The 2021 year was like no other in the hist of Tn( as tmth rn¥y cther or9anisons, as Ihe fiAI Mnpact ol Ihe Covhl 19 Paftde trfO1 th(wl th8 year- sw81 npèated hxkth)¥ms and the full emer9Enre Ir4n Ihe Pandem not bng 2021. Both Ihe Trv51's laJlii%s {An Fgg5 Certh and Centre An) were altematNely Ihe pandemK. wilh Ihe Alan Hwys Centrp bewwj Ihe City'5 Cer31 dislribLblK>n bjb food supph25 to th2 most vUlrat4e duriry Ihe p8thod of wdding': and boih f5118$ trAing useLI the year as Laietal Fhyw Testiw site$. Th? frvsl SUPPDrted Iwh the th81kne5 of the year by way OF a n¢tsle0 loan r•Paent Irom Coventry Cily èuntsl in rekition totr indwr atthe Akn PIHJgsCentre. and Iugh thecwlinued support of its chari18bi&fiJndets. SimAaty. the Tru51ee5 a150 agreed payment holidays %ith Coventy Sports Foundalw las Ihe weralor ol the f8cilili8s 81 Cenlro AT7 and the an Higgs Centrel in resped of rent: OqUlkV¥l)I leasing". afid 1>[#1 The Tfusiee5 woukl like Its expres5 rtere appFetiJl ID IIx)5e QWTri5at5 that Ued to suppryt the Twsl throughout the year and 19 the teams from CTrrfwtry Spons FLYjatn Who pui the "8$ lo such meaningful use by volunteermg lor Ihe vorv$ corr4muThty wJpwt rwamrvs. FINAMCIAL REVIEYI. RISKS AND RESERVES POLICIES Theresults for the yearand financkilpisiliDnoflheu)rnpanyare 5hw amwedfinwJalslnnts. The Charlvs as$&ts continued 10 be used kn the Trusl's tCINes. Th8 majow ol Ihe Trust's inwme is twally in the Irxm ofreni t¢wv¢4 Ircffj Co¥try Sport$ FwnQIan in respect ol CeThi AT7 aThY Ihe Alan Centre ènd the TILtsl ter6iderthls w)vJneio rE181ryety setyjo for lh¢ fulure-olbeit that the Tnjslees agreed lo a rental laY lor Ihe 2021 year. In •Jditiw 10 Ihis. the Tr$1 receives a sKJnificani annual denaiion Irom one benefac aDd Twses & ¢orEious ofthe ithrent ft$ks Ihal trN$ wesents. shou funttn9 fram SOIW be rttYu¢ed (¥wiihdravm. The Trus18es are Mir¥JI of Iheii res[$11118s for the p. 8¢emen[ 8j ferwal olany majortatal items tNn the prÈmi5es of Centre AT7 the hjan Hws Centre and consklerlhecurrent kvel offree reservesof£1.285,307 beiry unre$tricied investfflqnts and nel tyjrrent asets W be suffnI to finarKe LYwrvJ capit4 reFlats lo maintain Ihe 51an¢Jard ot ils premises. This figLKe e¥dleS lem "atqhty of E1.&%.011 thich 15 to be paid quarterly over 30 ygar5 from Ir98T1rd. PLANS FOR THÉ FUTURE The Tnjsl's facifi1$ Wan lo emerge Imm Ihe as Ircm ffM¢jI 20Z1 with Ihe fidl emergence 1Th9 ih July 2021. AcrA)rthngly. the Twst has re5urned tts ban repayments in respec¢ ofthe iThSiorpilch al the Alan Higos Centre and Co¥8Th1ry Sp)rts Fjntt81lw has re¢um8d lo p4irg rert.. ew¥%)ient leas¥¥J." c£#wrcial rights. The Tru51 will Continue 10 CoveThlry Spryts FwTryatron throug11 the year lo moiil¢K any bstin9 Impaci of Ihe Covld pand8mi¢. The Trust aLso become ewaged *ith the dSLYJss reLatiw 10 the future lè•siny and commerdal Cr9e ofthè 2021 y¢ar.
OVEIITRY AIIDWARWICKSHIRE AWARO TRUST A COMPANY UMITED BY GUARApifEE IIEPORTOF THE DIRECTORS FOR THE YEAR ENOED 31ST IAARCH 2•21 STATEMEiif OF TRUVEES'IDJRE¢TORS' RESPONSBILryE$ The Tfustees (Wt are ats thor$ d Cov¢nlry ath1 lWarrfi¢kSrt Aw¥d T{4 lor Ihe purp05es of ¢ompary Iwl ar re5wle ILYprepaM9 Ihe TrUSe5.u ReFUt the financ4al swewnts u? &tyxdant ilh and Cornpany law r•]ufres Ihe T•Jstees ro wepe f£¥al skatements ft eath fironc4alyear, I¢h glve a Irue and fail Vi of ts stale ofoffaKs ot the charitrtle artl olthe ircffiNw resrJrces and awthCa1)n Or$je$, indwfir¥J the are requiral to.. ob5WVt Ihp ar¥J in the CIL4rth5 SORP 3)19IFRS IiY2I. 51ale whether appScable VK gantt05 hade b8en to mètsAal departur•s diwjosed and ¢Waned ift # firbwal Ststern.. $TA7EPIW QF DI$CLQSURE OF VIFORIIAIKW T0AUDrr ea¢he£qrfmbso as wÈare ¥alI1.. AUD1)R5 . 2021
4DEPENDENT AUDITOR'S REPORT TO THÉ MÉMBERS OF COVEMTrY AND WARWICKSHIRE AWARD TRUST A COMPANY LIMITED 6Y GUARANTEE We have audited the finanoal sraiefflents of Covenby and WaThitkshire Award Trust It 'thariiabJe cornp•iy'l lor Ihe year ended 31 Match 2021 the Slatemenl of Finan¢k?l ACeS. the 8alance Sheet and noles to Ihp financid slalen%nt5. dIng a swnnwry ol 5igrdficanl accountiry [4e$. Fwckl rwting flaMek Mal has been aFpld in Iheir weparali¢)n and UniiÈd lQngdrffi AttsyJntin9 Stsndard$. I1lL1dlng Financial Reporting Standard 102 The FinalatR¢pMl1 Slandardo¥th in thp uKrf Rep(Ac oflrel8ndlVnited Kirydom Generaly Accepted Actéuniry Pr3cli¢el. In our owion the finarfial $ternls". give a true lair of the stale ol Ihe charitable comwy s affaits as * 31 Marth 2021. and of S incorniThJ re50urees aTrJ appJKaknn of rewJ¢ces. ts incorne and 8xkwMlif8. year then ended." have been prtyety prepartsl in •ct¢dKe Unled Gewr4y Acown1M Praclice., and Basis for oplr4on We ndUC¢ed our audilin adanceI ln1ematK st¥$ on Audilry IIMI IISAS IUKII an¢J apph"cabl? kw. Cr rèsponsibilities under those stan(Jxts We furlher desred in the Auditt's re5p0ns1tstse5 fc< the audit ol the financial stslements seCtsc ol reM)rt. W¢ are ind8pend&)i of the charitèwe eompany in aGcoFdance with Ihe ethiGa requiremenls Ihal are felevanl to aLAliiof the finawal stslements in Ihe U%. Inoing Ihe FRC'5 Eihical siafyjard. and we have fuffilled our other elhKal r$sp(sl11ÈS in wlh regLWW)ents. Wo believe Ihai the audrf Con¢luslon5 relatin9 to concern In authlir¥ the (lal siaiements. wè COjdedIloI Ihe trustees. e01th9 bays ol a¢mJn&ng i the prepaiation of the financwl statrmeThts 15 appwrkate. Based Ihe k we have rrformed. have rni identifd any matsnal thc8rtawes relaiwig to events cy ¢tyditwyis thal, ivIdua or ccllectivety. may r4st ggrwkanl dwbl on Iho chara1)re crffipanvs a"ty lo n1•nut ¥$ 8 9oln9 tor¢em fof a perv)d of ai rmntrts from wh) ts fin¥¥ $tsttments are auIknis Ic¢ issue. Ow respwsibifit4e5 and the resprywtshbes of the tnJ5tees rylh to ¢Mrn are deri1 Ihe leVant secbons olihis rewL Other information The Tru5tee3 are respotsIe for other infornalion. The olher Infrymalion c4)mwse5 Ihe rf¢)tmaiion Induded in the Trustees. annua ieport. othw Ih&n the financial ststhmwlsand tyJr auttiior's Wtlweon. ropinI Ihe ffftanoal ststsments does rt ver Ihe othpr and. except lo extent otheiSe eWKily stated in our rep)rt. we do not express any f¢nn ofassuWe COts¢bJ& Ihereon. r)Jr respwsd)ibty 15 tr read Ihe otr tiif<ymatirffi and. 50. £er tsther ts other iftknnakn is mawi inconsisient wth the fan[la1 siatemen15 or wr kntrhd9t otts in the audit or 01he appears lo te matenally misst8led. If we identify such maiwial incwststencies or appareni material MISSments. we are required lo delefmine whether Ihere Is a malenal misstatemenl in financ41 Stsl8ffnlS or a manal M$1318M$n1 of the other infotmon. tf. based on Ihe work we have perf(wmed. we cOnce Ihal trre is a rnalerd mislernenl ol lh olher inform8lw. we are requwed to Frfthat Ixt. We have to terth1 mis Opinl•ns on olher matters preseribtd by th Ciynpanies Ad 20Q6 In ouropinioTh. based 00 the Thrrk Lmdertaerb in the [Se of a)rt.. th8 infomiation given in the In1&7$. rer#M litry¥rthThJ direi5' rewtl for thE year fov wlHch the rinotri¥ 5ta1ewftts are prepared 15 C$18n1 with Iaal staiem*ts'. and
WDEPENOENT AUDITOR'S REPOR T TO ThE MEM8ERS OF OVENTRY AND wARcKSHIRE AWARD TRUST A COMPANY LIMITED BY GUAPANTEE Matters on which we are required to report by exceptlo In Ihe light Otr and UnderstalKh ofthe charl ctyryany and irs enwonrnefit ot4ained ITr Ihecc4Jrse of the avdTrt. wo have noi Sdentified m81eriai Thssiattrnl$ m the Th.lec$. repgrt. We have nollThJ ¢0 report respeci ot Ihe ft4hMmig matters 10 Compani¢s Ad 2LX16 reqwes u5 10 reportto you if. In rvJr opuwi.. adequate acwjnbw reo)rds havè not beÉrt kw. re •Jequats fL not receNed trvn brarKhe5 not vrted ty vs.. or the finanoal st8MeI$ are ncl agreement with the atntij records and returns," or certain discknsures ol Diittttirs. spepw by nol mode.. we have not recewed Ihe intom)8bm eXF48naii ** requwe lor ourautht", the Trusiees W8fe not to prewe the $Werne th aeoxdanr tmih rh small companie5. regime ond lathe advanlage ol Ihe sfflall ccryaThes' exempb.tyis in preparir¥J Ihe L%"reclors' KYt and trom the reqwFement lo prepare ? stralegc report. Responsibilitt•$ of Trustees As explained ffrfJre fully in Ihe reSie$ statÈmeni stt page 4. the Trustees I> are also the Oiredor5 of the charilable company lor Ihe purF4)ses ofo)rnpany lawl are respsIble lorthe pwparaliL) of the financial st31ernents forbeirw3 salysfiedthal Ihey gwe atrue and faifview. anLJ Irx sh nlernalcontrYasthe TrusleestJelem)ine is necessy its efia0 thp preparakn that ¥0 freo frthn rnalerk fflisstalemenL helher due to fraud or errcrf. In prnpann9 the fffjanci ststhmenis. the Tlusiees we fesportsiblè for a$sesswwJ the chatthbk unpany'5 ability to conliwe as a gon9c(Micem, th5ck)yrJ. as apKable. matters rek4terttowrwJCoern and n9 the9tyrvJ concem ba$i% of aCCOlirj lesS the Truste25 ther wiiend to Iv4uhlaie Ihe ¢aFitabfe c¢ryany ry to cease rperabw5. or have no e31istsc atternaiwe bul 10 ¢Jo so. Auditor's responsibililies lor th audtt of the finan¢i41 slatem¢n¢s OJr obleclves are obtain reasL%)at4e aswrarta atoxrt iher thè statements * a are fret f¥orn malerialmB51alerrenl. whether¢Jvetolr8vdoreryer. arnj ¢0 tssue anauthsyewt that irthJdes ouropinb)n. Re480ft8ble assuran is a hlgh levd ol assurarKe trtjl ks rKsl a guar3ntee Iha¢ an aLtsI COnted in accorda ilh ISAS IUKI will always delect a malerkql mi55lalernenl ¥¥hen il exisls. Mi55tatemonts ran arise from fraud or errw and a nsere material If. iThjiv1Uany ¢r in the aggreg8le. co reasonably expÈded to influence the trm dec$ions of user5 iaken on kne basis these fwwnci Stsments. Irrewlarilies. irKNJdki9 fraud, are InSts of ith Lws art# rewlaiMJiis. We desiw prctedures wi line Ih our r•spon5iMitie$. ouVud abov¢. to deted rna11#1 nMsstatem¢nts in re5pKI of 1ire9untlO5. irn9 fraud. Th8 Specif procedures for this eThJag•m&M exnt 10 Ihese We Pable of deterj irftr3ubritses. in¢hJO¥ig fraud 15 ¢J8taW belw. Er¥4uiry of monagemenL ond Ihose clwryed gryem¥KT J potentwl Irfigati aTrY cl¥"rr¢s'. ETh4uwy ofentsty Stotrin l(> h1efifrfy any insiKe5 0ftstyKrynon¢¢ and reWlatic5'. Reviewig financol s&3iemenl th"sc5ures arnl test¥y b) 0Mental lo assss tomF4Mrte 8pph¢able la and reguiAtions. Perforryng auth¢rk over Ihe ofmwemrt<rrfeuKleol0)ni$. lj9 *sbrKJ dp)urnal tr¢S afvj oth¢r 8diustrnents oppr0pfk7teS$, evatirj the $¥$5 fdtiwle ol gwfKant transac1K¥ WtsK1e the normal course olbusin¢55 iv4iwr¥ accounlry esiimale5 for trwas
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COVENTRY AND wARcKSHIRE AWARD TRUST A COMPANY UIAITED BY GUARANTEE Auditorf$ rnspon$ibilities for the audit of thè financial statements (ntI Be¢8use of Ihe inherent l1mitatKs of an aLNltt, there is a rtsk that weWl nol detecl all irregularities, inchJdityJ Ihose leading lo a matenal misstalement in the finanaal statements or n-(rAnp11are"th regulatton. This risk increases Ihe more that compliance with a law or gUlat)n is reThled from the events and 1[ansa¢"0ns reflected in the finanoal sialements, as WÈ will bè 1è5s likety to become awa of InStsrS of non-compliance. The risk is also greater regardiNJ IrglaritIes occurrin9 due lo fraud rather than error. as frJd invoP4es intenti(xwl COreaknent. fwgery. collusion, omission or misrepresentation. A further description of our reSprSibl1eS for Ihe autht of the ffinanrial statements ts I¢ated on tht Financial Reporting Counal's website at: %M¥.fr¢.org.Ukl8uditorsre¥MSlbllitles. This description forms part of our auditorfs r&p<Ht. This Teport is made sc4ely to the charitable company's rnembers. as a b(*Jy. In aCcl)rdar with Chapter 3 of Part 16 of the Companies Act 2006. Our audit has been Urertaken sothatwe might 5tateto Ihe charitable company's members those matters we are required to state lo them in an auditorfs rep)rt and for no other purpose. To the fullest exlent pemitted by law. we do not a¢p1 or assume respM)nsibility lo anyone oiher than the charitable company and Ihe charitable comparfs Mem as a Ixjdy. for ow alIt wryk. for this report. or for the opinions we have fomed. Richard Miller FCA MA (Oxonl (Senior Stslutrxy Auditrfj For and on behalf of Daffems LLP, Chartered Accounlan¢s. Registered Auditors One EaStA0d. Harry Weston Road" Binley Business Park. Coventry. CV3 2UB Oate.. 15 DecLmber 2021
COVENTRY AND WAR¥YICKSMIRE AWARD TRUST A COMPANY uMrrEO BY GVAIIANfEE STATEklENT Of FIIIANCIALAC71vinES (kncl¥ding Incom• ènd Expenditur¢ A¢count) FOR THE YEAR ENDED 31ST AIARCH 2021 Totsi 2021 Total 2020 Inme and endowm•nts fwm: Don4lK)ns and lÈgacps Rttnl income Investments 128.7SI 43.554 33.591 55.9)7 128.750 43.554 33.591 55.9J7 1.( 258.517 32.204 370.397 T¥1 incrrfn• and •ndowm 261.799 261.799 761,118 xp•hdituN on: Chanlabk expertdiWJr¢ olher expenditure 220.099 43.126 214.740 387,366 43.126 Total expeThd&ture 263.225 263,225 582.106 G8in I Ikxsl en revBluakn c4 ¥6$&e#l$ 144.452 144.452 1118.1561 Net In¢¢me I lexpendlturel 143.026 . 143.026 ,856 BaL4rw brout Imrd at 1slAprl 2020 2.058.208 1.670.9S1 3.729,159 3.fj68.303 8alances carried loThvard * 31st Klwch 2021 2.201.234 1,670.951 3.872,185 3.729.159 Irs¢¢mÉ d èxpenthlur• is wtth allri&b lo UnreStredfi1rb)S pr¢¥iws y•r. The pages 10 to 17 fefft 01lhes¢ fvrth1 si*iementS
Chanty number 1151280 Company wmber 08270063 COVEIITrY AND WARWICKSHIRE AWAIID TRUST A COMPANY uMrrED BY GUARAlffEE BALANCE SHEET AS AT 31ST IIARCH 2021 2020 FIXED ASSETS: Tangible a55e15 In¥esthien 10 3.892.889 1.088.352 4.013.514 908.457 4.979241 4.921.971 CURRENT ASSETS: DebliM5 Cash al and 12 2.166 236.851 IW.668 374.915 239.017 LESS.. CURREIIT LIABIWIES CREDITORS". affMyJnts due w¢#)in one year 13 {40.0621 1476.611} MEf CllRRENT ASSETS cREDoRs.. mnIS av• fflL¥E ttwi one year 198. 88.972 14 I1.011] 11281.7841 MAsSETs 3.872.185 3.729.159 FUNDS= 2201234 1.670.951 I120# 1.670.951 15 371185 3.729.159 Acl 2LXffj rew kn srnau CLV¥W8S ¥wJ Ihe FRSlffl
COVENTRY AND WARVIICKSHIRE AWARO TRUST A COMPANY LIMITED BY GUARANTEE NOTES TO THe FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST IAARCH 2021 ACCOUPlnNG POLICIES.. lal General informatim and basis of prEparation Coventry & WatwckslMrE Awar(l Trusl is 3 charyry incorporaied in Efiglond I Wales. In the event of the ch8rty being up. the in respect of the gL4ranlee is kniied lo £1 per n)ernr el charity. The address of Ihe iegisler2d olfice is given in Ihe chaftty information on ptye 1 of ISe financial slaiemeni$. The nature ol the charity's ¢peraw$ aThJ wirt4p#I aCtitieS ar to maithn lacAiwes lor (reakn and Other isure Ume cLcupaip)Th ofdisabled and able bodvj person Thgrhantycon51itulesawt4K benefiientiiy as de[e{ by FRS 102.The finartial$tsmenb have bnprePared in accordance wth k¢ctsn9 and Re19 ty Chaiibes siaierneni ol Recorrtlrended Praclice applicable to tharilies prepanry Iheir accowts in acc(dante virfh the Finantyal Rel)Ing siandÈrd ap1£able In ihe UK and Republie of IreWnd issued in O¢iobei 2019. Fioancial Regtirfw siaNdard apKable in the UFuled ngdorn aTrl RepurG ol lieland IFRS 1021. Ihe Charte5 Act 2011. the c£¥nrNeS kt 20 and VK Gener81y Acceple¢J A¢UnI pli(e. The finaroal statements SKepa on a gory u)rw bays urJef ral cost convention. modffied 10 inchjde certain lie al fair vahje. The hnanual StaInenIS are we5enled sierhng which is the funcbonal currerty of the chanty at)d rtyJndtd io the neast £1. Thè s¥nifirAnl acc¢AtntiNJ appw in Ihe w¢paral rf Ihe5e slaterrents ate sel OLrt bdthy. These ptlicies have been th)sisttnUy appketl lo al years wesenw unless OtheSe Ststed. bl Fund$ General fund5 s unresinded bj1$ wluth are avalab for al Ihe di5ti of the Trustees Y¢ furltsrance of Ihe 9enwal obieclives c41he arKI vhmth h3¥e not been desffjnaW for olh2r pwp)ses. Deslgnat¢d funds eunpiise unre$trKled fvrS thatba¥e lJe¢n set 49de by fv Trus$ for partxrfw purposes. T airn and us• Of (fes3nated luTrl 6 $81 ¢xrf Ih? notes to Ihe fmncial s8n. Reslndtd funds are whh are to used in a¢¢orf specific restrKlihs wnpDsed by donors or h ha¥• been raised by ¢hecharity lor paiticular wFwJses. The cost ol raiyw and adm1rmerIny suth lund5 are tharged agaww the sp¢¢ Tl im and use of earth rost fiJTrJ is in the nobs to the finan¢ial 51alefnenis. cl Ineomè rt¢09nitron Grants and Donations Recelvabl• All donations. antS afvj elhef sijnikr invjrnp arErwrsised when lh¢ chwity has lo the furth. any perfomance ld1th)n5 attached to Ihe iiernlsl of inme have beem met. it k4 pr{thb Ihal income wdl be received. ano Ihe anwni can be measured reliabty. SLKh is only deferred when.. $pefies th4lthe grwlor (k)Thakn rn1 or be used in future aCCoting penrJs. or Ihe has Imposed ¢orHthtityts nWJSI mei beftre Ihe charity uncorKIlonal ¢ntment Incofflt from rtntsl adi¥itl¢s Income Mitsl actsleS is inthdl iht pernd to the &bvity i% ryobidBd. Invastment Incon Interes1 and inv¢skn¢AI irKon 15 rocowd when recwvatle. dl E¥p•n¢itUfe ie¢o9nition l expenditure 1$ accounted on an accruals ba%s and has been clas$ffied underheadin95 Ihai agyr¢gaie all costs rdaled to the catsgory. Expenthlw¢ Is recrgrdsed where there is a le981 oreonstructnie obligation lo make Paymenis 10 thi ples. il is probat)le knat fv setttewenl WAII be required. arvj Ihe wo11 ollhe ot138n can be measured reliabty. 11 is calJorised uTrJer the folWl9 ladin95". Costs of y&n9 fvJn¢J5', Exp¢nditUf¢ oft tharIat acti¥its' and Olher expenthlure represents those rtems not1rj into ts caiwes abo%*. 10-
COVENTRY AND VIARWICKSHNIE AWARD TRUST A COMPANY LIMITEO BY GUARApnEE NOTes TO THE FINANCIAL STATEAIENTS FOR THE YEAR EMDED 31ST MARCH 2021 ACCOUNTING POLICIES Iwi¢l.' dl ExndItuTe fKognilion l¢ontinu¢dl Govemance costs. shw prole&swal fees. costs irwoknryj the accotsntakn. oflhe thaTty and its coWkirKo Tewlation and practic8. Thes& costs GIle costs rdated lo staiulixy a311 aThY Jog lees. •) Tan9lbl• Flxe<l Assets Tangle fixed assets we capbb5ed and induded Bt cost except for The50t prciyerty hich al valualw. Assels cowse ola51clI0n dleS relnt ¢Jevdwenl expenthiure. Depreoatson 15 provwJe¢J al the lo1 rate5erlle off exhassd over its ests"maled usefvl fife. annual rates wropaM¥ used are". Fixlures anO fftb"TrJs - StraHJht line Plant equiF¥iwt - 20% straghl hne SpDrts equipr11 . 20% 51rayhl The property is bw¢¥J hebj prov)n ol social beneffit aThJ heTKe t5 dassifil as Piopety, PL1 & Eqyipmenl. The Trustees CO1er thai Deprec4gted Rep18¢em8nt Cosi is iThe mostapp(wri8i&meiwc40gy forlhevalvalion ot AT7 Cefitre. Given Ihe nalwe ol Ihe a55ets. ts Truslees bee¥ that tle no reliable m3thet vakje rtm8bon 8¥al8e ILY use. n Inve5trneDts Inveslments are r¥ogri5ed irltiaity 41 f¥ir t¥¢ti is rKMn¥ly the trans4ctK ex¢luding transaction Costs. Stheouenity, they afe measured 81 fair value with ¢httvJes rec•yJtxsÈd in 'r ga$ I lts)55e51 on investment5. in Ihe SOFA rf shares are traded or treir lair ¥abJe w Olhen•ise te measured relrdbly. her inveslrnenl$ are ffasurrt al cosl $$ Impairmeni. 81 D•btars and Creditors welvable I payable vAthln one y¢ar Debly5 atvj ueditors ith rK) interesi ral¢ and ptyablt ilhin y¢ar are recryded ai hl Operating Itat•s Rentals paYae afvj receivat4e w•J8rcwatwJ leases are charyed to th• SoFAon a stravjhl lir bts over tha period of the 35¢. il Tax The tharity is an exeryl ch wllmh the of$dkne 3 of th¢ charsAct 2011 and 15 cM$idered Ip pass the tests sei Out in 1 s¢ 6 2010 ¥J Ibe it meets the definiboh of ¢haritab Mmpany lor LIK mCall¢ lax pu¢poses.
COVEMTRY AND WARWKKSHIRE AWARD TRUST ACOMPAIIY UMITED 8Y GUARANTEE NOTES TO THE FANCIAL STATEAIENTS FOR TNE YEAR EIIDeD 31ST IAAKH 2021 COME FROM CHARITAOLE ACTIVITES: Total Totsi 2020 l¥ThJs Renl recew8ble Equipmert ientsl C¢rnmerual Rws." ThEAJ¥i Hvjys Cene 129.410 29.107 ILSJ.OC#) 14,554 25.oto 14,554 2S.0 43.$54 258.517 INCOAIE FROkl INVESThENTS: Total 21 Tothi zo ftsnds Bank In$1 CeIvab hw6slment intune 148 33.443 726 31.418 33.443 &3.591 33.591 I018 from inwsknents is attntKrf8ble to Unrestrici•J fLfftds Mi yw. OTHER INCOAIE: Total 20Z1 fvRds 2020 The Wave reithV5Trt expendKive Pmft on di%posal Ofegufjt Alan Hi99s Centre Prxil re(ar9e5 12.6 12.680 354.987 15,410 42.827 42.827 400 55.907 55.907 370.397 Other irKfft 15 to Urw8sivthJ fld5 in the year. EXPENOITUREONCHARITABLE.. AcnvmES Prole5sioTr charye5 Sundry •xptrn$trs Deprec>abon Loan fftteresl Insurance 12.376 2.497 129.765 56.553 16.9( 12,376 2,497 129.765 58,553 16.908 47,182 2.764 88.9 58,926 16.908 320.099 214.740 12-
COVENTRY AND WARWIICKSMkgE AIVARD TRusr A COklPANY LthIITED BY GUAPAtirEE NOTES TO FINANCiIL STATEAIENTS FOR ThE YEAR eNDE0 31ST IIARCH 2021 OTHER EXPÉNOtruRE: Rr4tri¢ nds Tot41 2•21 Total 20 Th¢ Wave exlIe Alan HwJg$ Centre po¢4 35.173 7.953 35.173 7,953 359,714 7.652 43.126 43.126 367,366 OTHER DISCLOSURES.. 2021 2020 Net In¢omln9 i•sour¢es is stated after¢harglng= Oeprecialion Profil on di$p)sal Audiiors. rem".. - Auoll seNKes - Other serviees Trus¢ees' expenses Oirecltys, entS and thr benefts e. 129.76S 88.960 15.410 1,400 1.315 790 No tDJslees (202tr. r¥l}rncer480 or expenses durirvj the year. TAXATION: No liability lo VK rpOti tax arises on ¢)rykrwry athrytseskf b)e yea¢enj 31st Marth 2021 I10fthe year ended 31st Marth 2020. STAFF COSTS.. Therewwe rKs Pe$ by the Chwty thoorni y¢atarnJ year. 10. TA14GiBLE FIXEO ASSÈTS: L•asohpld Land Total COST.. Al illAl ZOZO Addilw$ DisP05al 4C#).(W 3.088.3eo 5,14$ 535.155 9.141 93.636 4.322.316 9.141 Al 31 Marth 2021 .C(KI 3.068.380 205.145 544.296 93.636 4,331.457 DEPRECIAMON.. At 111 Apfit 2020 Chafge lor the ye EfimiThalion on thsposal 194.31Z 7.817 89.087 102,607 25.401 19.341 308.803 129,765 At 31* Mwch 2021 202.129 191,694 44.745 438.568 NET BOOK VALUE: Al 31¥ Mh 2021 .(th 3.088.380 3.016 352.602 48.891 3.892.889 At 31W M¥ch 2tr20 400.iyxl 3.088,3 10.833 446.069 68.232 4.013,514 13
COVENTRY AND WARKSHIRe AWARD TRVST A COMPANY LlkllTED BY GUARANTEE NOTES TO THE FINANCi4L STATEIIE14TS FOR ThE YEAR ENDEO 31ST IAARCM 2021 10. TANGIBLE FIXED ASSETS IntInued1. The lan¢ cowisirya 1.11 acres by the Co¥entry and Warwckshtre Award Trust Ss shown ai Ihe nominal £1 on$ideraiw paid by Tw51. Cènlre AT7. a sprKts cen wilh an 0ri9in81 total tloor area of 24.(KIO squart feel was built on the land aThJ ¥rd5 fthded entirely ty Ihe Prrne. loiThy fina> by Ihv Goverfimenl ano Coventry City Coual. The exte100 10 the ¥irtscentrewas compltrted In 1999 andwas funded by a granl from Ihe EntyLsh Sports The I and bUIng$ are not Sho ai market vue. Tr treetthj rv4ersim was ukiyeyed to the Trust fry # nemmal consÉef8bon the Iht it canrd be disposed ol for tr Vae. ThÈ Trustees therefore CrSider. haviry tsken wofessiw41 1¥1¢¢. Il is approyial8 cwry Ihe propty at its rThna1 vLIa of £1 pa fu the laTrJ plus Ihe exFnthlure the exlens¥Ji as abtsve. On IP Marth 2016. thE kry12asehJkJ and t¥JikJing$ kntrn as Hiws Centre were Iransferred by Ihe 3 É¢Jwafds Higgs ChaAty Ks C¢veniry WaThKk5hire Awdrd Tw51 ft)T Crms2ra[l subjecl lo resiricle¢J CfNenanis. The lease is Iw 150 yeats from 17th SeMemter 2W3. This propety Tha$ £NI Value in Ihe account Al Ihis same dale. 17th Ilarch 2016. a charge on the k)rg leasehojd land and tJibthr¥s krthvn as Ihe Alan Higjs Centrè was regÉt8red in fav(wh ortheAn Efvrds cha1y. LeaseWd development Costs relate to cosl for cSent ior cerfain devewnerts on pan of the siie ai The Alan HKJg$ C8nire. These ate caNied ai cost ar De amth5eo k.le ofany fUbj develokxnenl. In 2018 a new in&Jor pitth was I1 at TheAlan HHJ9s Cer& al a cost of £1.4fft. IVESTUENTS.. Value as at 1 2020 Addibons Oivid8nd5 r¢4nvesled RevalL1)ft 9)8.457 33,443 144,452 Vthe at 31* Mh 2021 1,086.352 InveslmenL8 41 fairvalue ccrfnrrftse". Fixed interest Equities Other Cash inveslmenl S12.277 357.4 156,615 1.086.3S2 14
COVENTRY AND wAR7CKsm7E AWARO TRUST A COMPANY LIMITED BY GUARANTEE NOTES TO THÈ FINANCiAL STATEMENTS FOR THE YEAR EPIOED 31ST IAAftCH 2021 12. DE8TORS= 2021 2020 Trade debtors Olhw delknr5 122.829 67.839 2.166 2.166 19).668 13. CREDITORS.. amounts llllhg withln om year Z021 20ZO Loan Deferred thcomt Trade CrethIS Accruals Other cr•liiWS 20.16S 4.0 13.694 2.200 AO.336 4.wo 430,075 2.20Q 40,062 476.611 14. ¢REDffOR$: amounts fallin9 due after more th•n •ne y¢¥r 2021 3Q20 1.162,011 144.(IXI 1.133.784 148.000 Dele¢d intt¢ne 1.306.011 1.281,784 The kjan 15 rEpayatrAÈ over 30 yes and ters1 istharydat 5%. TNry baft Uldude5 £1.Cl)1.167 tAGh after filt are payaU by instnents. The knan 15 Sred by a ftoatiThJ rharge o¥r assetsolihe char¢¥. 15. DEFERRED INCOME= 2021 2020 Balance 1 Awl 2020 Rea5¢ to durnw y 148.(X)J 4.(KJO 152.ocr 4.0 BaLe 31 M•rt 2021 144.cfjo 148.000 Due year DL ¥thIn I-S year5 Chje after S yea 4.ty)0 12,DJO 128.ClJO 144.CQ) l•ase. 15
COVENTRY AND WARIWCKSHIRE AWARD TRUST A COUPAMY UIIITEO 8Y GUARANTEE MOTES TO TME FIIIANCLAL STATEAIEPITS FOR THE YEAR ENOED 31ST MARCH 2021 16. RESTRICTED FUMDS.. rne E¥pendtture B4ane• 31 M41th 2021 l April 2DZ• Proiecl fund 1.670.951 1.670,951 The ProJ"ecl lund wreseAts the 4rN¥Jni expÈrth4 m the A¢1¢4 eypansim ol the AT7 s[rtS centre aflef deduthng rdaled dek¥etiakn). The expansm was mainty lunded ty • yranl Irom the Erylish Sport5 c0J4. 17. ANALys OF NET ASSETS BETWEEN FUNDS.. Resth¢ lurtd Fund balances al 31st 2021 repr8senle•J ty. lThveslm¢ni$ Tangible fixed assets Nei curr1 assets Lwg tem Ikili 1.086352 2221.938 198.955 1,086.352 3.892.889 198.955 11.306.011) 1.670.951 Total nei assets 2.201.234 1.670.951 3.872.185 18. RELATED PARTY TRAM5ACTIOMS: There are Tr) rotsled pty Irwctions the year12020." frt). 19. OPERATING LEASE COMhlTIAEPIT$: Lessor Tho Alan Hffjgs Cefilre has b••Tr IAa5ed to CO¥ Sports FwndAon 7 Maf¢th 2016 10 31 March 2060. The ieCwVab ts £50.(0) pÈr annum. Sporting ha5 been kased lo Covenlry Spthts Foundat# uThJer Yarious Jreernenls ending between 2021 and 2024. Th* rent rrfeivabkn is £86.¢XKI per annurn. 16-
COVENTRY AND WARwfcKSHIRE AWARD TRUST A COMPANY LIthITfED BY GUARANTEE OTES TO THE FINANCIAL $TATEIIENTS FOR THE YEAR ENDED 31ST PAARCH 2021 2Q. CA?AL COIAMrrMENTS 2021 2020 21. FUNDRAISING REGIILATOR sfATEMEPITOF COMPLIANCE: CoveNry and Wa(*$he Awwds Tru5l¢Joes Ml t4)11 to 8 ilird party trj dertAke any funtharsirwJ on ils beha. The tharitydoes M¢em[ 8 FunrknBry Olff(w. W8 hwe received M fuTrJrwthg corn0ts durln9 Iht yeaT. 17-