Co kiovSE OVENTRY ANDWARWICKSFIRE AVIARDTRUST A COMPAMY LIMITED BY GUARANTEE Charity nyngr 11512BO Company numb¢r 08270063 OEX TO THE FINANCIAL STATEhNTS FOR THE YEARÉNDED 31ST MARCH 2022 PAGE IndeperKlent Alitr<S Report Stalem)t ol $ to tre StrrenlS 10 *AB)D4QJ4' 2W1212022 COMPANIES HOUSE A2S
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CQVENTrY ANDYlARcKSF1REAwARO TRUST A COMPANY LmllTED BY GVAIiANTEE COMPANY INFORMAIION FOR ThE YEAR ENDED 31ST MARCH 2022 DIRECTORS Earf of Aykslord P. J. OKk M. A E. Whlth811 sECRARy P. Breed REGISTERED OFFICE Mrtchell A%n. Canley. C¢)venty. CV4 eDY. REGISTERED COIAPANY NUMBER 08270C63 IEngtsTrJ ar We51 REGISTEREO CHARrrY NUMBER 1151280 AUDITORS Dafferns LLP One E35kn. HaryllÈston Road. Bin &sirtss Part, Bin, Cover*ry. CV3 2UB. BANKERS Nail$t Bank Pk.. Co¥entry City OffKe, 24 Br4adg¥k. Coventy. CV1 1ZZ.
C¢JVENTRY ANDWARW1CKSRE AWARD TRUST A COIANY LMITED BY GUARANTEE REPORT OF TTrE OIRECTORS FOR THE YEAR ENDED 31ST PAARCH 2022 The Oireclor5. who are so Trustees, prtswt ihesr rewl wfith Ihe finantial sitements oftha charitat4e lorthe ye8rended 3151 Mareh 2022. PRINaPALACTMTY The prinupal acti4ty of Ihe ujmpany in the year under was the ol ar leisuR and ¢JeS#t101) lacilits for pea cSle settiffj.. DIRECTORS The Diredors who hove seNed thjriry year aryj the yearer¥J a5 lokths.. Earf QlAys1 P. J. DKk M. A. E. Whiieh•l D. MOr£r0ft ADMIIIISTRATIVE INFORMATKJN The ty)mpany i4 governed by 115 ennd andArbde5 ¢fA551¥. CoMpY Nurnber. 0827L)X3. The o)mpany ts a regslefed charty I). 11512WI. CHARITABLE OBJECTP4ES These $talelhatlhe overall cieclpdeis1o pro¥KJeaThJ Ijrlheue3ty0nsTrj (thÈrk8isure Iwneitcupalion f dISabd and able bodd petsons. POLICIES TO ACHEVE 08JECTWES To prornole for the benefit of the ptsbfic the provtsion of sports atsj OFW1uNI¢s Ilwwgh C¢venty Sports Foundèiion. who in lum deer a range of inclJsNe ex¢res. Centre ATT. Xcel Leksure Centre. Moat Pkwse LerSu and Cwtre and Alan HVJS ¢errt. community leisure •TrJ recreats)n cent$ Ihal prc4Jrarnne and prKe acti$ toaiiract partKwatsonfrom dISabd arxl other under4eprpsent¢d group5 in Idenlrfth area5 ofdeprlw8tn within Co¥MIry. The Wa¥e-a desbnabon walerwkvenue. tiich iKlJdes s¢ olthe mosl innovatwe incbJ5ivty and access1"ty de9n of any ftKJemw8ler lfi addilk?n to Il laclty based prwsiw ol sport fr(rfn rt5 facilths. the FtyJndalp)n wTrJes cwortunils and exFernces Ihrnugh a nuMr01 in•te$ and #Teach WL¥Jramrn25.' Gts CV-C•venlry Sp)rts Fwrbjatw has worted Co¥entry ¢fy test aTrJ iwemenl a ew otywJe acoss ar l¢)yoly Sch. whth seek$ 10 use lo peopk from Ctylenty. Comrnunity fknb)kwl - FoundatDn unK4ue in so lar as it itemaltses the lunction of eommunty developmeN wrthin • $peufiG d¢p•rtmenl. to ensyrE that a w&Je rarge of 5FQrts, aclmty and perforning arts rammes are res¢ory¢J. prowamnw and deIN¢ ai ¥ rEwbourhoDd I1. Ac¢w - the FoUrthn ddwer5 Thjfferws events. loumarnents and coachiNJ proJRmmes lor disabled group5 ¥d athiits lo ersw• ac£ess lo phys1 activity and weing The TN5tees have h*J ¢0 Charity on pthlic teneft.
COVENTAY AND WARVdCKSHIRE AWARDTRUST A COMPANY LIMffEO BY GVAILANTEE REPORT OF THE DIRECTORS FOR TIE YEAR ENDED 31ST MARCH 2022 ORGANISATIONAL sTrCTIN1E The Btraid oltlrectors rospible fort (PeratTh aTrJ fanL)21 mwemerrt TrUs1. New Ll"redors are re¢tyrAnend8d by iau#l ¢Jre¢t•ts ar>J their appoinbiier4 at • Th.ors. meeting. Upon Ihe appLynlmenl olany new (lireclrxs. a fijl and Èspce iThjUcth wrtsss pIaTrd in orderto ensure c¥Trmpe famrity •nd under51andirnJ ollhe Trust's ot4ectNes aTrJ oFeralKfi and Ihe roks aTrJ sPonsI•$ ofthe Directo. PAY AND REMUNERATb)N OF KEY MANAGEMENT PERSONNEL The compaTV employ$ no staff. Ihe Company Secretary act5 as its key man¥9wrnni and ovetseas day lo Jay acbvili•5 throthJh hi5 ro16 as ¢WExeutth OffKerrfCty48nby Sp)ts FWTrJa1tr. ACTMTIES ANDACHIEVEMENTS DuNG THE YEAR The Trusl cont8 to Secu klS of cbaiitabk lynd9 in supwjrt of rfs otiedNes. Thernt'S lacililS emerged trom Ihe paThI¢£I0$ as mps-Ar. 2021. 1)wg mwe fvly opeh as frtyn Julf 2021. AccordIny. the Trusl resurrd its renlal arbj equirynt IBa5rg ch$ to Co¥erdry Spjrts FIxts0rL FINANCIAL REVIEW. RISKS ANO RESERVES POUCIES The resums fofthe year•nd financial pOsinOf1hècLm8IESh Illhea¥edfiThaI stsiernents. Thecharws asse15 continued lo be UWJ Ihe Trusfs obJ"edi4es. The majorty olthe TDJsl'$ 1ce 15 nomiahlf Ihe form of rent w¢Ned Irom Co¥¢nty Sports Foundatw)n in SpeL% of Centre AT7 and the Aan Hugs Cenlre 7nJ51ees cmspjer Ihis IrKome to bÈ Secu lor the fvlure. In &don to Ihis. Ihe Trust re¢ÈNes a sJnifrant anrw donalw)n frcrfn one benetsctor an¢J TrLlees are conscHJv5 of the herent risks that Ihis prewls, shoukl fundw frcm thi% source be lute orwthdra. TheTwslees afe mirwjtul ofihrfesponsitylitEs forihe paIr. replxaiwi. and olany major Cap31 Aems 4ithiTr the premk5es olC4ntre AT7 8rnJ the an Hwjgs ctre and consKlerthe ojrrent le offree reserves of£1.593.679 being nSIrled inve51rnenls and rel curTenl assets to be sufficient lo finance ongJirB capital lea¢eMertts to maintain Ihe Standard of its premLtses. This ffigU exthhes tt k)rwJ lerm li&ty 0111.215.757 to be paKI quartwty over 30 yeats Irom Income geneAted. PLANS FOR THE FLWWRE The Tnjst wll conlinue to Fkmih C(p4erdry Sports FwTrJ#Jn 1hrrjl Ihe yearto monor8¥ry L8sINig iffpad of the C¢vKI pandemic and of econ1¢ uncertath pre55vre5 brnwhl )oul by esCating energy costs and cost Imng piessures. The Trust will also Ic¢k lofKtaf¢e the lease IheVl•ve in the Cty Centre. akng 1h the under Ipase to Co¥entry Sports Fotsndalicffl.
COVENTRY AND WARWCI(SHIRE AWARD TRUST A COMPANY LIMITED BY GUARANTEE REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31ST MARCH 2022 STATEMENT OF TRUSTEES'IDIRECTORS. RESPONSIBIUTIES The Trustees (who a also Direclors of Coventry and Cksh1re Award Trust for the purposes of company lawl are responsible for pparing the Trustees'Annual Rewrt and the finarlar statements in xcordance wrth applicabk law and United Kingdom Accountin9 Standards (United lts"ngdom GenefallyAccepted Accountir#J Practul. Company law reques Ihe Trustees to prepare finanoal statements lor e%h ffinanc3al year. vthich gNe a true and fair view of the stale of affairs of the charitable company and of ihe irming resources and application ol resources. induding the income and expenditure, of the charitale c£Jmpany for that period. In pparirg Ihese ffinanryal statements. the Tnjstees 8fe qUired to.. select surtable accojnting peS and then appty Ihem congstethty.. obseNe the rnelhods and pripS in the Charities SORP 2019 (FRS 102).. make judgements and estimates that a reasonable and prdent., state whether apICAble UK Accounting Standards have been frb>wed. subiect to any material departure5 disdosed and exFdained in the finanual state[nIs.. Ppare the finanaal statements on the going conwn b8 unless il is inappropriate to pSUMe thai the charitable company wll o)ntinue in operalK. TheTrustee5 are responsible for keepin9 adequatè ar£019 records that Jisclose wrth feasonable acojracy at any time the financial position of Ihe than13e wmpany and enaL4e them to ensure that the finanoal statements comply with the Ctyrnpanies At 21X)6. They are also iespofi&ble for safeguarding the assets of Ihe charitable company and hence for taking reasonable Steps for prevention and delectK)n of fraLKI and Oth itregularities. The Trustees are respon&bte for the mntena integrity ofthe corporate and finanaal information induded on Ihe charrtable company's website. LegIallOn in Ihe Unrted KingLknI goverrorrfJ the preparation and disserrinalion of finana statements may differ from legIsLati in other JurisdKtions. STATE141ENT OF DISCLOSURE OF INFORMATION TO AUOITORS . the Directors of the company who held Offi at Ihe d*e of ¥IX81 of these fin¢11 Stslennts. •$ $et oul above. ea¢h ¢onfim $0 lar as we arè aware that." there is no relevant audit infomiatson ofvthth the comparfs aLWjitc are unaware.. we have taken all the steps that we ought to have taken as DI¢t0 in order to make ourselves aware ofany leVant audit Informal and to establish that the cc¥npantys aJItorS are awdrè of that inlomiation. AUDITORS The auditors. Dafferns LLP. will be re-appointed at the forth1ThJ Annual General MeetirKJ. The report of the directN5 h8s been prepared taking a0ante of the small companies. exemption of SeCtn 415A of the Companies Act 2CK6. ON BEHALF OF THE BOARD Director •Loc
INDEPENDENT AUDITOR'S RepoRT TO THE MEMBERS OF COVENTRY ANDWARWICKSHIREAWARDTRUST A COMPANY UWTEO BY GUARANTeE We have audiled the finantial $iatements d Coventry and Award Tnol ltr'¢h¥itable ¢tynpary) fov Ihe year ended 31 PAar¢h 2022 Wth the Stslement of Financpal Athits. the BaL•nce She21 and nDles lo thE finan1 51ements. ind9 a summary of svJrdfKanl accwnting pc4Kie5. The financ¥al reporting frame thai h been applied In their preparan s apPIab l•w arKI Unrfed Kin9d( Accovnliry Stsndards, incJding Financlar Reporting Slandard 102 The FinarnRépI StNY•41ar4JlKable HJ fv UK8RepUtA ollrelaTrJlUThiled "rJ(1)M Generaty Accepled Accounliro Plac1. lth ouroriion IhefIrnClaI $iatements". give a true and fair ol the slate of chab affav5 a$ * 31 Marth 2022, ol ils incoming reSrS and app[tIOn of res. in¢knlty its inc4)rne a1 experbjilure. fotthe yeartr%n end8d.. have been wopety pwred m a¢•¢ wlh Lkned .11 Accepted AcLowtiry Practice,. and haw wepared in accfKdartewilh the requiwnts Of CMwns Ad 20L. Basis foropinion We conducted our in 8ccJNdartewlh Intematthal StarKlanls onAuditin9 IUKI IISAS (UK)) and applicab law. Our responsiblitS under IhDse 51arKlards are furftsr de5crt¢d in the Audrtols re5porsbiS1i8s for Ihe audrt or the finanual statements seclion of report. We are •xleF)en(knt ol ts tharrfable cornpany ITh aCCdanCe with the elhKal requirements Ihatare reVant lowr art olthe fina181 stalwn th the UK Ihe FRC'S ElhKal Standard, ¥ ha fv4Nled wr olhei reSp)rr6lbits li accordan wth ttse requirements. belwe Ihat audit evvJen¢È have obtained suffwnt 3nLI appropriate lo pro¥•Je a basis lor Our0nI. Conclusions relating lo g¢yng concern In auditin9 the finanaal stalemen15.WE have condwled that th•truslee5' w ofthe9o•wJ coeM basts of JnI11vj the prEparation of Ihe finark?I statemts ts app•. Based on Ihe WO we have pprforned. have not tdenbd any malerial urrtaIntS relatng to evenls or condrtKI Ihal. ndIduallY or colkdively. may tasi sYJnthant doubt on the ¢haNable c<Thpanrfs abilty to continue as a gcl ¢on¢erD for a period of al leasl mnths from when ftharKaal atements are authoriseil lor issue. Our responsibrtS ahd Ihe rE5pw$•yktEs of the Iryslw5 With los1 lo conwn are descnb8d in the relevant seclions of this report. Other Inl00ft The Twstee5 are respJnsitAe for the othei inl¢)m)atrJn. T other Infalk7n ¢rynpri5es the vrformaiityi includEd th Ihe Trustees, annual report. olherthan the finanual StaterS and wr alit0S reporttherean. Our opinion on the finanp statements does not cover the other Irbforrnan and. e¥ lo e¥l•nt rAherise explwity stated in our report, do not express any foim of assurance cond4ts1 Ireort. Our reSp0rbty ts to read the olhEf infornatr'on and. so. Co11er wlheihef the h)formatK)n is material inconsisient wrth the finantyal siaterren15 or wr knowe obtained in the audit or othemse appears lo be maieria mi5Staled. If we Klenlify such maleiial Inconsistent or apparent material mi551ateThenls, we are required lo delermine whelher Ihere 15 a material misslalement in finan¢4al statements or a rnalenal mi55talemenl of Ihe olher fOrrnat. 11. based on the Wa we have perfoed. we conthde Ihat Ire is a material m6atemeN of Ihis cslher inl¢rniaii¢n. we are requwed to report that fxt. We have rnllmrvj to regard. Oplnions on otherthatters pescvibed by th¢ comnI85 Act 20 In our ownim, based on Ihe YM)(k undertaken in the course of th• a1 Ihe infonnath)n 9Nen In the tnJ5tee5' report (Trtorpth"n9 the direc10ts' iewrtl lor the year for hi¢h tF financial statements are prEpare¢t 15 ¢onsi51enl with Ihe fnancial stslemerts. Ihe di¢t0. report has been prepared in 8ccrMdancwdh apbk *9al wirem¥Ns.
INDEPENDENT AUOITOR'S REPORT TO THE MEMBERS OF
COVENTrY AND YIARWCKSHIRÉ AYIARD TRUST
A COMPANY UIAITED BY GUAIiANTEE
Matters whi¢h we art requirEd to rtm by exception
In light of thodye a1 undetstandwg of the thaiitatAe CpanY aTrJ ts enwirorwveDt (d)tained in the cours• of
the audil. we have not thNifrd malerial mi55talewls w¢ It tliredor5' report.
We have n¢)Ihing ¢0 report In respe¢t oflhe mattets IA t¢ th kl 26 rEquires us lo
report lo you tf, in ¢( OPVIIW".
adequate accountiry recwds ha¥e nc4 been kep( or rel adequal• foT our ha¥e not ten recewed Inm
bfanches not visiie<l by us. or
the financk slatements are rJt in agreemert wth Ihe att(rtw)tiig records and relurrts", or
certain disdosures of Diredrrt. iemuriEraiK)Th SPE0fd Iythf Iw arv rKbt rn•Je'. or
we have nc< CeNed am Ihe 8TrJ expLgnthns require for raUdfl,. or
the Trustees were not lo prepate ffin?lI1 sents in %cothnre ith IIE smal (pan5. regint
aTrJ lake advanlage ol the Sm1 Cunpank. preparmg the Directh. pOrt from the wuirennl
10 prepare a slregic report.
Responsibilibes of Trustees
As eXaIned more the Ttee$. rEW5ibthiE5 Statemenl sel on page 4. the Tru5tee5 (who are aLso ihe
Directots of Ihe Chaiitab company lor the purposes of company Jawl are responsitrAe lor Ihp ParatM olthe financkil
slalemenls and forbeing saltskd thatlhey gNe atr andfairvth. andfoisuch terr1 t<>nlrd ast fwslees detennu
15 necessary lo enab Ih? preparatTr of finanoal statemerts Ihal are free from merial mtsslatemert, whelhei due to
fraud or eN¢t_
In piepariry Ihe fmwcial stathents, Ihe Ttee% a resp)ns0 trJr asses$iffj Ihe Charitab compat8 ablity I
linue as a going ¢on¢em. Osing, as applicth. malleTr retsledtogtyng coKern aTrJ usiryj the 90ingconcem ba&s
of aceounlmg urn$$ the Trustees eitr io INuhlaie the Chartab company or lo cease operalDn5. ¢y have no
realistK anematNe bul todo so.
Auditoes responslbllltles forthe avd6t of then¢1 staiements
Our oty'edNe5 are to oblain reasonable 855urance about wthelher the finanual Stateffn1s as a ¥thole a free from
material mis$talAnenl. wlElhefdueto fraud orerror. ar>J Io i5suean aLKlrtofs reporf that IndU50r opInTr. ReasonaNe
assurance is a hvjh levd of assurance is nal a guarantee that an awlrf contlucted in aCcolarKe wlh ISAS IUKI Mrill
always detect a malerial misstslement wfien it exists. Misstalthnts cgn arise Irom fraud or error and are tensided
materwl rf. indniKluafty or the •39re9ale. they couhl reasonabty be e¥ded lo fiL( the 8cLMiornic le)n$ ol
users taken the b•$rf4 of I? fan(l¥ Stslement5.
Irregukr.es. indudry fraud, iStar of In
INDEPENDEMT AUDITOR'S REPORT TO THE MEMBERS OF COVENTRY AND WARbMCKSHIRE AWARD TRUST A COMPANY UMITED BY GUARANTEE Auditorfs r•sponsibilities for thè audit of the financial statements l¢onti Because of the inher1 limitations of an aLKlil. tsre is a risk thatwe will not dete( all irregularifies. Includi those leading to a material misstatement in the financial statements or rmplianCe wilh regulat. This risk increases the more that compliance with a law or gulatn k% removed from ihe events and transacb'ons r1ected in the financial statements. as we will be less likely to t¢omÈ aware of inslances of n(-complianCe. The risk is also greater fegardiThJ irregularities occurring due to fraud ra¢her than error. as fraud inVoe5 ffttenti¢Thl corKealment. lorgery, CA)Ilusion. omisslon or misrepfesentation. A fttrther description ol our reS11t5 for the audit of Ihe finarKial slatemenis is kxaled on the Finanoal RertIng Counal's website at." vMw.frc.or9.ukJaudttorsrewsibilities. This des¢riptk)n fonns part of our ali10S report. This report is made solely to Ihe charrtable compan$ members, as a body, in accOrdar vnth Chaptèr 3 of Part 16 of Ihe Companies Act2. Ouf audrtwork has beèn undertaken solhat W•* might Statelo the charitable company's members Ihose matters we a required to state to 1hem in an auditoi's report and for no olher purpose. To the fullesl extent permitted ty law. we do not apt or assume responsibility to anY0r other than the charrtable ¢ompany and the charitable cornpany's members as a body. for our audit work, lor this pOrt. or for the OF¥nions we have formed. Geoffrey Cox BA FCA (Senior slatOry Auditcff) For and on behall of Oaffems LLP, Chartered Accountants. Registered Audilots One Eastwood. Harry Weston Road Binley Business Park. Coventry. CV3 2UB Date..
COVENTrY AND WARMCKSHIRE AWARD TRUST A COMPAIIY LIIIITED BY GUARANTEE sTATEmEP OF FINANCIAL ACTMnES lkncluding Inconw ar Expendfjturt A¢¢0 FOR THE YFAR ENDED 31ST IIARCH 2022 tunds lun05 {Nole 16 Trtsi 2022 Inc¢)me and ¢nd0wm¢rts frm: Donations and 94¢$ Rental Inve$knnts Olhef inccffle 118.(0) 291.711 118.11)0 291.711 38,436 128.750 43,554 33.591 SS,907 Total Income rtd •KI0ne1 448.147 448.147 261,799 Expenditure on: Inve51ment Manager5 fee ChantaEAe expenditvrt Olhei ewnditure 6.093 2wJ.863 6,093 203. 220,099 43.126 To¢al expendikn• 209.956 263.225 Gan on valuall¢n of in¥vslrne 11 40.9Y2 144,452 Net In¢omt 279.183 279,183 143,036 B¥lan¢•s Iyoughl loard al 1slApnl 2021 2,201.234 1.670.951 3.872.185 3.729.159 Balance5 Caled foTh¥8rd at 31st Marth 2022 2.480.417 1.670.951 4,151.368 3.872.185 Income and exFr is trWable to uruE5trKted in I kweviou5 year. The notes on p•3es 10 10 17 lomi part of Ihvse fnal slatemerts
Charity number 1151280 Company number 08271x163 COVENTRY AND wARcKSHIRE AWARD TRUST A COMPANY UMITED BY GUARANTEE BALANCE SHEET AS AT 31ST MARCH 2022 2022 2021 FIXED ASSETS: Tangible a55ets Inveslments 10 3.773.446 1,159,648 3.892.889 1.086.352 4.933.094 4.979.241 CURRENT ASSETS: Debtors Cash at bank and in hand 12 2,166 236.851 512.321 512.321 239.017 LESS.. CURRENT LIABILITIES CREDITORS.. amounts falling due within one year 13 (78,2} {40.) NET CURRENT ASSErs CREDITORS. amounts falling due after MO than one year 434.031 198,955 14 {1.215.75T) {1.306.011) NET ASSETS 4.151,368 3.872,185 REPRESENTED BY: FUNDS.. unrestred Restricteil 2.480,417 1,670,951 2.201.234 1.670.951 16 4.151.368 3.872.185 These ffinartial statements have been prepared in aordanCe vnth Ihe special provBKJn5 Of Parl 15 of the Companies Act 2Cth relating to small companies and 7it1 fv FRS102. The financial statements were apFxoved and aulh)n"sed issue by Ihe Board (m ............... ... ................. ON BEHALF OF THE BOARD: Dire¢tor The notes orb pages 10 to 17 fom7 P*t ofthese finana81 statements
COVENTRY AND WARMCKSHIRE AWARD TRUST A COMPAKY LIMrrEO BY GUAFiANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022 ACCOUNTING POLKIES: l•> G•noral infornlin and bas15 of Ptration Coventry & WaI$h¥e Awwd Trts5t is a thanty Itypad in ErKJP4nd I Waks. In the event of the ¢harty bw'ng viouryl up. tre Ik2bilty irb of the guarartee Inited to £1 per member ol Ihe thanty. The address of the regrJlered office 15 gNen in the ¢harity infomaiKJn on page l of Use finanTh $tsiemenis. The natu ol the charity's cyeraltons and prinopal activrfies are lo pio¥pJe and maxrtain for Ihe recreatiDn and olher leisure Iwne cwJpatK)n ofdsabw ar1 ab btyJd pewn5. The ch8ityuJnslrtule5a put4tfrtenl#SdEffftd byFRS 102.Thefinanckg151ements have been prePad accordance ilh Acu)unting aNI Repth'rs by Ch•nlS." siaiement of Recommended PractKe applicab lo arities preparing their accounts in accordan the Financial Reporj strndard applicable in lh8 UK and RepublK of l¥eLqnd is5 in 2019. the Finanoal Reportir¥J standa in the United d Republic of IrdaThJ IFRS 1021. Ihe Ch¥itesAd2011. Ihe Act 20C6 UK Gener41ty A¢pted ACCwnt9 PractKe. The financial stal•)wnts are pPaTel M a9OYg COrM ufirfer hi%loritsl ¢oSt ¢onvenlJn. rr¥JdrfBd lo indude certain rtems at faw ¥u. Tr fuwLrial stamts a presented in ster&NJ ffii¢h is the fiJnclaI tsJrrerKy of Ihe charty and rounded to the nea$1 £1. The Si9nrfart acwunting poFths in Ihe preparaibjn of these financial teents are 5•t ¢yJt be. These Oiue5 have be•n ¢(118Ppd to all years k¥esent8d urt8s8 stale bl Funds General fvnds are nstrle fvnd5 are 8v•We lor v58 at the dscretion of the Trustees in furtheCe ofthe general obpcb¥es ofthe chatty and have noi been 4e5vJnaW for other puwes. Deswjnaled furKls un$t¢1 lu Ihat hav¢ he Sel as¥Je by the Tru$tees fvr pacUL9r purp058S. The aim and use ofeath dwnabj fund set the rwX¢S to Itr fmaroal 51atern¢nl5. Re$thded fvnds are fur whi¢h are to be used hi acColance SFeafic reslriction5 Imposed ty donors or which have teen raised by the chaity lor parbtular purposes. The tOSt of raising and adminislering suth fund5 are tharged agairss1 Ihe speofic fvTrJ. The am and use of each iestriLIEd lund * set <HJt in Ihe to Ihe fan#1 $t¥ternerrts. cl Incorne recogrtitlon Grants and DOnatfjo Recwvablt All donatn$. grants and Olher sinrtar ificTr are rttcgntsed when thaty ha$ en11ment to the funds. ary rfomants condAions atlached Io Ihe itemlsl of inc£¥))E have been mel. it 15 probthe that inwne will be ei¥ed. and Ihe amount can be measured relk7Lrfy. Such is Incl is onty deferred %tsben'. Ihe dmor speth$ that granl or donation rnustonty t¢ Used ITh future accouTrtsn9 periods. or IhedMc ha5 imposed coTrJrt$ wtiich mu51 be met tef0 the charty has uDc(#)ditthal enirt12mertl Income from rental act1•9 from tyiial acti¥ities is incathj HI Ihe FWKXI is wwjed. InvestrDent IOM Interest ond liSiMeI re¢4gr¥uIlI w¢¢N¥. dl Expenditurn reeo9nibon expendrture Is a¢¢¢unie4 for on an basis and ha5 been da55ffied wvjer headiry5 that agjregate all costs related lo Ihe cgtegory. ExpenditurE recognised where is a al or con51ruclNe oblgalicffj to make payments to third p8rls, rt ts prebabte thatthe 5efflemerrt will be required. aThl tIE amount ofthe obligation can te mea5uied rdobty. It catewwl uTrJerthe heJings'. Co$t5 01 ravng funds" Expenditure on charthab18 8(¥its: and Other expenditure rewE5ent5 those items ncllalirq the cate9L¥ kn4e. 10-
COVENTRY ANO WARIVICKSHRÉAWARD TRUST A COIAPAKY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEKrs FOR ThE YEAR ENDED 31ST IAARCH 2022 ACCOUNTING POLICIES1¢ontl- d) Expenditure recognition Icontinuedl Gov8inance costs. shown wrthin prolessxina lees. to7ytse all costs inwkfU¥J lh¢ accthrbtabihty ofthe tharity and its compli#no v•th regutrali)n aThJ gwd prth. These cosls costs related to stalutory audit and kgal fee$. el Tangib Flxed Assets Tangbi k fixwj a$sets are witoltsed aAI at C05t ex¢¢pt foi inve5tmerA propety 15 indud¢d •1 valuation. k8seis vi ctyJrse Of¢4nstrudX rEfevant tsvebpnenl ewendituve. DeprecialKn provKled al the f11 ann rote5 order1?rIe off •xh assel o¥er I5eslated useful Sfr. The annual ta$ p•nciJaty used •rn." Fthres ar frtbngs - strawhl ne PL8nt and equipment - 20% strab3ht line Sporfs equipment - 20% 51R¥ht line The pr¢)perty ¢ ba"r4J PbJ Ic¢ tt of srf•l and he $ 4$ Propety. & EqUnt. TheTntslees conswjerthat DeprecAW ReplacementCo5t the apprvprie meth¢)dtsWforthe vaTuatioA of AT7 Cenlre. Given nature ol the assets. the Tntslees bet¥e that the relae martet vthe inftyThatth a¥alki for use. l) Inveslments Investrnenls afe recognwl inrtt at fr value vthich ts rK)rnaty the Ifafisaaion price excludffig transaclbn ¢¢Sts_ Sub5equenty, Ihey are measured at fair valw With changes recognised in 'nel gains I Ih)sses1 on ¥esth)ents' In the SOFA rf the Shares are putA traded orlheirfair value can heThSe be Measured olobty. Olher inveslments are measured ai tdsl s$ wnpaimil 91 IY•l>tty5 and CtOrS recefvable I payable OM year Debtor5 and creditor5 with Tro slated Interest rate an¢J (eceNaWe or payab 7Mthin one year are rded at transartion pn¢e. Any b)sse$ arisiry from mpairment are reccgnL%ed expendlurt. h) Opernting lea5•S Rentals payable aNJ recet4aL urthi (s.ae$ ¢harged tOllSoFAtsn a stravjhl line basi5 ¥vwlhe d ofthe kas•. IIT The ¢harty is an eThnpt tharity wth"n ts rneaniryj ofSChedu 3 oflhe Charits Acl 2011 aTrJ t5 CC4)sidered lo pass the tests set out in Patsgraph 1 ScldL 6 Finanrz Act 2010 and therelwe it meÉts the defIlOn of a charilabk uJmpaAy ILY LIK corpor*b)n tax wwses.
OVENTRY ANDWARWIICKSHIRE AWARDTRUST A C¢)MPANY LIIIITED BY GUARANTEE NOTES TOTHE FINANCIAL STATEMEKrs FOR THE YEAR ENDEO 31ST IIARCH 2022 INCOME FROM CHARITABLE ACTMTtES: Total 2022 Tolal 2021 funds Rent receivable Equymeryt rental RhlS." The Alafi Hvjgs Certre 129,COJ 62.711 129.OCO 62.711 IIXtr.( 14.554 25.QOO 291,711 291.711 43,554 InGorne from Chaiitable 15 wholy attribJtabkn lo LhvestrKled in Ihe k¥ev)usyear. COME FROM INVESYMENTS: Totsl 722 Total 20 Bank interest recesvable Invesknefil irKur 39 38.397 38.397 33.443 38.436 38.4 33.591 OTHER INCOME: Tol•l 2022 Toi 20 dg The W3ve rrn{5ernent exFenddurE Alan HKJg5 Centre retharges m¢elL45 c4her inc¢yne 12.680 42,827 5S.907 Other inccrne 15 vthc4ty attributab10 lthrestrKted 1)e prev•Ju%year. expENDITURE ONCHARITABLE.. ACnVITIES Tolal Total ZDX Profes$itr)al ¢h4ry•s Sundry eXpeS Oepreualion Loan inlerESt Insuranc 2.550 557 121.259 50.469 29.028 2,550 557 121.259 50.469 29.028 12.376 2,497 129,765 58,553 16.8 203.3 203.863 220.099 Chaiitat4e exF¢ndbr¢ rs attrxJl** 10 Lkmestitted fvnd$ in p$ye¥. 12.
COVEPITRY ANDWAIiWICKSHIRE AWARDTRUST A COMPANY LIMITEO BY GUARANTEE NOTES TO TrIE FINANCIAL STATEMENTS FOR YEAR ENDED 31ST MARCH 2022 OTHER ExpeNOITURE'. The Weexpen¢tu Alan Hws Centre pwlexpertlw• 35.173 7,953 43.126 OTHER DISCLOSURES: 2022 2021 Net incoming resourcts is stated a1Ch01n9. Depreci31ion Profrt on disposal Auditors, remunerOb¢n" - Audii seNres - Other seMEes Trusis' ¢xpertses tirectots. emoluments aTrJ (berrts et 121,259 129,765 1,400 80Q 1.050 MJ trusteEs 12021." niTr weived etherwnww4•)n ¢¥p¢nxs duiir* the year. TAXATIOM.. J Ikqbilty lo Ln< corporation tax arms on orrfmiwy acbths hNlheyeareThJed 31st Marth 2022 nc¢forthe year ended 31sl Marth 2021. STAFF COSTS: There no person5 ernFW by Ihe Charty GwreThl y•araTrJ previou5 year. 10. TANGIBLE FIXED ASSETS: FlantA E COST.. At 1" Apn"12W21 Addit0$ 4].¢ 3.088.380 205.145 544. 1.816 93.636 4.331.457 1.816 At 31•t Marth 2022 4W,C(¥J 3.088.380 205,145 S46,112 93,636 4.333,273 OEPRECIATION.. At 111 April 2021 Chaige for Ihe year Eliminalv)n on dissTh 202.129 1,338 191,694 104,021 44.745 438.568 121,259 At 31# Martsl 2022 203.467 295.715 60.645 SSg,827 ET BOOK VALUE: At 31# Marth 2022 41YJ.C(KJ 3,088.380 1.678 250.397 32,991 3,773,446 At 31° Mar¢h 2021 4W.C¢)0 3.088.380 3.016 352,602 48.891 3.892.889 13-
COVENTRY ANDVIARWICKSFIREAWARD TRUST A cOANy LIMITEO BY GUARANTEE NOTES TO THE F114ANCJAL STATEMENTS FOR THE YEAR ENOED 31ST MARCH 2022 10. TANGIBLE FIXED ASSETS {conlinu¢d).' The land comF4iswvJ 1.11 ar5 04¥ned ty Ihe Cwlry knhweAwArd TDJst 15 at the norrinal £1 L¥)n$vJeraliw pavj by tht Tnjst. CenlrEAT7. a sptsrts ¢entre wrth an Lywal lo ffloor3¥ ¢f 24.000 square leel was budt on the land and was Ilded enbrety ty the Urban Pro9rarrrfr. finantl by tht Government and CoventyctyCo¢Jnol. TheexlenSK)rttr sports ntre¥R$ tompk1 th 1999aTrJ was lunded ty a grant from Ihe Er91h Swts CourKI. The laTrJ buAth"ry are shtrn 81 mther vabje. The Ireehokj was CveYed lo the Trust Iw a ncrninal c0nswjera1 wrth the Ihat it Canncrt be dISw of lor tft vakn. The Trustees therefore consider. hayiry taken ProfOnal •Jwce. it i5 aFprwa¢e to carry Ike prcprty at n(minal value of £1 paY lor Ihe laThY p$ Ihe expeThu +2n Ihe extensbx as abo4. On 174 Marth 2016. IhE bng 0$eholY land and budding5 krwn a5 TheAlan Hygs Cenfre We transferred by the Alan E¢trwafds HVJS Chènty to Cv¥entry and wd$hlre Award Trust for ÉNI"I tonsRleraiion sthject 10 reslrKled cowenanis. The lease Is for 150 years from 1 SeF4ember 2003. proFety has £Nil Val in the ount. At this dale. 17th March 2016. a chaige on the lorg leasemd land and lIding% known as the Alan Higgs cent YAS w15tered irbfawigf ItEAian E¢0$ H¥Jy$ Charity. Ltasehokl develotmerrt Usts re¥le to the c051 for ¢on5erbt lor rtain de¥e>pnts on part of the sile al The Ajan PIKJ9s Centre. These caThil aicosl antlwdl be am11$ over fjfe of arry lulure deverDenr. Irt 2018 a iThloorFiIth ltrj wa5 t7 at TheAkn H%Jgs Centr8 818 cosl of£l.4m. INVESTMENTS.. Value a$ at 111April 2021 Additions Divk4ends re4n¥e51ed Managemenl IEe Revaluation 1.086.352 38.397 16.0931 40.992 Vabje at 31° PAarth 2022 1.159.648 Inveslments at iavab CVISe.. Frxed irleresl Equit Other Interest Ca$h irw851mw wiith) 374,618 350.771 363.¥28 49,287 1.1S9,648 14-
COVENTRY APKIWARWKKSHIRE AWARD TRUST A COMPANY LIMITED BY GUARANTEE NOTES TO THÈ ANANCIAL SYAYEMENTS FOR TIE YEAR ENDED 31ST MARCH 2022 DE8TORS: 2022 2021 2,166 2.166 13. CREDITORS: amounts fallrnj dUthIn on•y 2022 2021 Loan DreI ificornE Trade CreOrS Accnjals (Xher (rt¢ 40.595 4.OOD 16,840 20.168 13.694 2.200 14,255 78.2 40.062 14. CREDITORS: •rnounts falli ¥fter morè than one year 2022 2021 Loan 1,075.757 140.ODD 1,162.011 144.C 1.215,757 1,306.011 The kjan 15 repayabb tyer 30 ye¥$ irlerest & thorged at 5 The lo¥ indudes £913.379thththfal due after rhtlya 8rKI •re poyth by wl•ents. hian is a fknatmy chap4e over fv a55ets clIarity. 15. oeFERIIED INCOME.. 2022 2021 BalarKe 1 hpril 2021 ReaSe lo incoffle during y 148.¢ 4.000 152.000 4.000 Batsnt 31 Maich 2022 144.OtKI 148.QCX) ¢)rt year 4.000 16.1) 124.000 tm after 5 years 144.lYJO Incort has be d¢fNed in respe¢t ¥¢5 ** t¢NvJ •morttsed tyerthe pernd •lthe lease. 15-
OVENTRY ANDYIARV•lCKSHIRE AWARDTRUST A COMPANY LIMrrED BY GUAR4KfEE NOTES TO THE FINANCNL STATEMENTS FOR T YEAR ENDED 31ST MARCH 2022 1& RESTRICTED FUNOS.. Balan J1 Mxch 2022 1 Ap112021 PW fuTrJ 1.670.951 1,670,951 The Prqecl fiJnd represents the nI exFend8d on pted expansh)nof ihe AT7 sports cenlre afier I1edLth rebt•J dwreoatth. The exp¥6th was mair by a 9rant from Ihe En41'sh Sports COtrI. 17. ANALYSIS OF NET ASSETS BETWEEN FiIMDS: T1x•rfOs Fund balances ai 31st March 2022 are wesew ty.. Investment$ Tangl) fixed as%ts Net curn1 a$sets Long tenn h"abililKs 1.159.648 2.102,495 434.031 11,215.7571 1,159.648 3,773.44S 434.031 11.215,7571 1.670,951 Total n8t a55ets 2.480,417 1,670,951 4.151,368 18. RELATED PARTYTRANSACT1014S.. There a nty rdated w traf¢a¢1W ye8rl2021." En. 19. OPERATING LEASE COMMrrMETr¥rs: Le5$0r TheAL4n HKJgs cent has been 18asJ to Swts FouThJaiv)n frorn 7 March 2016 to 31 March 2060. The 1 rpceNable i5 £50.LKXI per aTrnwn. Swtin9 equInI has been lo Coventry F¢ndatI)fi unElervwious tyreements en(h'ng behren 2024 2026. The rBrt recei* is É66.IXX) pernk 2022 2021 <1 year 1-5 years
5 years 185.636 640,824 4.154.167 191,193 692,431 4279.167 4,980.627 5,162,791 16-
COVE14TrY AND WAR¥IryCKSHIRE AWARD TRUST A COMPAKY LNrrED BY GUARAPITEE NOTES TO FINANCIAL STATEMENTS FOR THÈ YEAR ENDED 31ST MARCH 2022 FUIIDRAISING REGULATOR STATEIIENT OF mPLIANCE.. Coventry WaThYw*shire Awards Tojstdoes not ttra tts a Ihtyd party to undertake any lundr0rj on behaw. The charty d5 not empfoy a Fundratsing Offiw. have ¢¥wed no fundratsin9 cOmalnI5 durirvJ th8 ye31. 17.