COVENTRY AND WARWICKSHIRE AWARD TRUST
A COMPANY UMITED BY GUARANTEE
Charlty numbèr 1151280
Company number OB270063
INDEX TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
PAGE
Company Infonnation
Report of the Dir8Ctor8
Indep8ndent Audttorfs Report
Slatement of Flnancial Activities
Balance Sheet
Noios to the Flnanclal Slalemonls
10

COVENTRY AND WARWICKSHIRE AWARD TRUST
A COMPANY UIAITED BY GUARANTEE
COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024
DIRECTORS
Earf of Aylesford
P. J. Dick
M. A. E. Whitehall
D. Moorcroft
SECRETARY
P. N. Breed
REGISTERED OFFICE
Xcel Leisure Cenlro,
Mitch811 Avenue,
Canley,
Coventry,
CV4 8DY.
REGISTERED COMPANY NUMBER
08270063 (England and Wal881
REGISTERED CHARITY NUMBER
1151280
AUDITORS
Daffems LLP
One Eas￿Ood, Harry Weston Road,
Blnley Buslness Park,
Binley,
Coventry,
CV3 2UB.
BANKERS
Natwest Bank Plc..
Covgntry City Office,
24 Broadgale,
Coventry,
CV1 1ZZ.

COVENTRY AND WARWICKSHIRE AWARD TRUST
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MARCH 2024
The Directors, who are also Trustees, present their rgport wilh the financial ststements of the charitable company for the
year ended 31st March 2024.
PRINCIPAL ACTIVITY
The principal activity of the company in th8 year under review was the provision of sports, leisure and destination facilities
for people within a fully accessible setting.
DIRECTORS
The Directors who have served during th8 y88r and since the year end were as follows..
Eari of Aylesford
P. J. Dlck
M. A. E. Whitehall
D. Moorcroft
ADMINISTRATIVE INFORMATION
The comp8ny Is govgrngd by Ils Memorandum 8nd Artlcles ofAssociation. Company Numb8r.' 08270063.
The Company is a registered charity (No. 1151280}.
CHARITABLE OBJECTIVES
These slate that the overall objective is to provide and maintain facililes for the recraalion and other lelsure time occupation
of disabled and able bodied persons.
POUCIES TO ACHIEVE OBJECTIVES
To promote for the benefit of the publlc the provlslon of sports facilities and opportunllles through Coventy Sports
Foundabon, who in lum deliver a range of inolusive 8XP8rl8nces.
Centre AT7, thè Xcel L8lsure C8ntr8, Moat House Leisure and Neighbourhood Centre and the Alan Pblggs Centre -
communlty lelsure and recreation centres that specifically programme and price activlties lo attract participation from
disabled and other under-representèd groups in identified are?5 of deprlvatlon wlthln Coventry.
The Wave- a destination walerpark v8nu&, which includes some of the most innov8tlV8 inclusivity and accessibillty
design of any rnodem waterpark.
In addition to the facility based provlsion of sport from its facilities. the Foundation provides opportunities and
experiences through 8 number of initiatives and oulr8ach projrammes..
Go CV- Coventry Sports Foundation has worked with Coventry City Council to develop, lesl and implement
new city wide access and loyalty scheme, which seeks lo provide beneficial use to people from Coventry.
Community Development - the Foundation is unique in so far as it inlernalises the function of community
developrnent within a specific department, lo ensu￿ Ihat a wlde range of sports, activity and performing arts
programmes aw re$earch8d, programmed and dellvered at a neighbourhood level.
Access - the Foundation delivers numerous events. loumaments and coaching programmes for disabled
groups and individuals, along with activities to ensure that access to physical activity and well-being
programmes reaches those that are most under represented.
The Trustees have had regard lo Charity Commission guidance on public benefit.

COVENTRY AND wAR￿cKSHIRE AWARD TRUST
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MARCH 2024
ORGANISATIONAL STRUCTURE
The Board of Directors ar& responsible for the operational and financial manag&ment of the Trust.
New D1￿clOr$ are recommended by individual dir&ctors and their appointmant confirmed at a Directors, meeting.
Upon the appointment of any new Directors, a full and bespoke induction process is planned in order to ensure complet@
famlllarity and und8rstandlng of th8 Trust's objecllves and operatlon and the roles and responsibllltles of the Dlrectors.
PAY AND REMUNERATION OF KEY MANAGEMENT PERSONNEL
The company employs no staff, 50 that the Company Secretary acts as Its key manag8ment and overseas day to day
actSvilies through his role as Chief Execullve Officer of Coventy Sports Foundation.
ACTIVITIES AND ACHIEVEMENTS DURING THE YEAR
The Trust continued to secure levels of charitable funding in support of Ils obSe¢tlv&s and has also now completed Ihe
leas& of the Wave from Coventry City Council. along with the underlaase of the venue lo Coventry Sports Foundation.
The Trust Continued Ils rental and equipment leaslng Charges to Coventry Sports Foundation.
FINANCIAL REVIEW, RISKS AND RESERVES POLICIES
The results for the year and financial position of the company are 8hown In the annexed flnanclal statements. The Charity's
assets continued to be used for th8 Trust's obj8Ctives.
The majority of the Trust's income is normally in the lorm of rent received from Coventry Sport5 Foundation in respect of
Centre AT7 and the Alan Higgs Centre and the Trustees consider this income to be relatively secure for the fiJtur8. In
addition lo this, the Trust receives a significant annual donation from one benefactor and the Trustees are conscious of
the inherent risks that this presents. should funding from this source be reduced or withdrawn.
The Trustees are mlndful of thelr responslbllltles for the repalr, replacernenl, and renew81 of any major c8pltal Items wlthln
the premises of Centre AT7 and the Alan Higgs Centre and consider the current level of free reserves of £1,971,534 being
unrestricted investments and net current assets to be sufficient lo flnance ongoing capital replacements to maintain the
stsndard of its premises. This figure exclud&s the long-temi liability of £1.126,568 whlch is to be paid quarterly over the
remaining tefm of the loan from income generated {s8e note 121.
PLANS FOR THE FUTURE
The Trust will continue to work with Coventry Sports Foundation throughout the year lo monitor the impact of the
challenging economic conditions and cost of living pressures.
The Trust will also work with Covèntry Sports Foundatlon in thé d8lNery of som8 8n8rgy èfficiency capital installations on
the premlses of Centre ATT and the Alan Hlggs Cenlre.

COVENTRY AND WARWICKSHIRE AWARD TRUST
A COMPANY LIMITED BY GUARANTEE
REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31ST MARCH 2024
STATEMENT OF TRU8TEES'IDIRECTOR8' RESPONSIBILITIES
The Tnjstees (who are also Directors of Coventry and Wa￿ickshire Award Trust for the purposes of company lawl arg
responsible for preparing the Trustees. Annual Report and the financial statements in accordance with applicable law and
United Kingdom A￿oUntIng Stsndards (United Kingdom Generally Accepted Accounting Praclicel.
Company law requires the Trustees to preparg financial statgments for each financial year, which give a true and fair wew
of Ihe state of affairs of th6 charitable company and of the incoming resourcas and application of resources, including the
income and expenditure. of the charitable company for that period. In preparing these financial statements, the Trustees
are required lo:
select suitable accounting policies and then apply them consistently..
observe the methods and principles in the Charities SORP 2019 IFRS 1021.,
make judgements and estimates that are reasonable and prudent-,
state wh8th8r applicable UK Accounting Standards havg been followed, subject lo any material departures
diselosad and 6xplained In the flnanci81 stalemenls.,
prepare the financlal slat6menl$ on the golng concern b88ls unless It 18 inappropriate to presum8 that the
charitable company will continue in operation.
The Trustees are r85ponsibl8 for keeping adequate accounting records that disclose with reasonable accuracy at any tim8
the financlal posltion of the charitable company and enable them lo &nsure that the financial statements comply with the
Companles Act 2006. They are also responslble for safeguardlng the assets of the charltable company and hence for
laklng reasonable steps for the preventlon and delectlon of fraud and other Irregularltles.
The Trustees are responsible for the maintenance and integrity of the corporate and financial informatlon included on the
charitable company's website. Legislation in the United Kingdom governing the preparatSon and dlssemination of
financial statemants may differ from legislation in olher jurisdlclions.
STATEMENT OF OISCLOSURE OF INFORMATION TO AUDITORS
We, the Directors of the company who held offlce at the dale of approval of these flnan¢lal ststemgnts, as sel out above,
88ch confirm so far as we ar8 aware that..
there is no rg18vanl audll inforrnallon of which the company's auditor5 are unaware,. and
we have taken all the steps that we ought lo have taken as Directors in order lo make ourselves aware of any
relevant audit information and lo establish that the company's auditors are aware of that informa￿On.
AUDITORS
The auditors, Daffems LLP, wlll be re-appointed at the forthcoming Annual General Meeting.
The report of the directors has been prepared taking advantage of the small companies, exemption of section 415A of
the Companies Act 2006.
ON BEHALF OF THE BOARD
D. Moorcroft- Dlrector
Daied.. 10 December 2024

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
COVENTRY AND WARWICKSHIRE AWARD TRUST
A COMPANY LIMITED BY GUARANTEE
We have audited the financial statements of Covenlry and WanNickshire Award Trust (the 'charilable company'l for the
year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the
rinancial statements. including a summary of significant accounting poli(xes. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial
Reporting Standard 102 The FinanGial Reporting Standard applicable in the UK and Rgpublic of Ireland (United Kingdom
Generally A¢¢epled Accounting Practice).
In our opinion the financial slalements..
give a true and fair vi8w of the slate of the charltable Company's affair5 as at 31 March 2024, and of ils incomlng
resources and application of resources, including its income and expenditure, for the year then ended.
have been properly prepared in accordanc8 with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requiremenls of the Companies Act 2006.
Basls for opinion
We conducted our audit in accordance with Inlernalion81 Standards on Auditing IUKI IISAS IUKII and applicable law. Our
responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the ftnancial
slalements section of our report. We are independent of the charitable Company in accordanc8 Wlth the ethical
requlftments that are relovant lo our audlt of the flnanclal statements in the UK, including the FRC'S Ethical Standard. and
wo have fulfilled our other elhic81 responslbilllles in accordance with thes8 r8quirem8nls. We believe that the audit
evidence w8 have obtalned Is sufficlenl and appropriate to provide a basls for our oplnlon.
ConGlu8lon8 relatlng to golng concern
In auditing the financial statements, we hav8 concluded that the trustees. use of the going concem ba515 of aGGounllng in
the preparatson of the financial slalements is appropriate.
Based on the work we have perfoThgd, we have not identified any malarial uncertaintles relating lo events or conditions
that, individually or collectively, may cast significant doubl on tha charitable company's ability to continue as a going
¢oncem for 8 period of al18ast ￿e1v6 months from when the financial statements are authorised for issue.
Our responslbllltles and th8 responslblllll6s of the trustees wlth respect to golng concern are de8¢rfbed In the relevant
sections of this report.
Other Infomiatlon
The Trustees are responsib18 for the other information. The other Informatlon comprtses th8 informatlon Included In the
Trnjslees. annual report. other than the financial slalements and our auditor'5 report Ihereon. Our opinlon on the financial
statement5 do95 not Gover the other information and, except to the extent otheN4ise explicidy stated in our report, we do
not express any form of assurance conclusion Ihereon.
Our responslblllty is to read th8 Other Infomiation and, in dolng so. consider whether the other infom8llon 18 materially
inconsistent with th8 financial slalements or our knowledge obtained in the audit or otherwise appears lo b& materially
misstated. If we iéenlify such material inconsistencies or apparent malenal misstatements, we are required lo determine
whether Ihare is a material rnisslalem8nt in the financlal statements or a material misstatement of the other informatlon.
If, based on the work we have perform8d, 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.
Oplnlons on other mattors prescribed by the Companles Act 2006
In our opinion. based on the work undertaken in the course of the audit".
the information given in the trustees, report lincorporating the directors, report) for the financial year for which the
financial 51alements are prepared is consistent with the financlal statements.. an
the directors, report has been prepar8d in accordance with applicable legal requirements.

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
COVENTRY AND WARWICKSHIRE AWARD TRUST
A COMPANY LIMITED BY GUARANTEE
Matters on which we are r•quired to report by exceptlon
In the Ilght of our knowledge and understsnding of the charitable company and its environment obtained in Ihe course of
the audit, we have not identified material misstatements in the Directors, report.
We have nothlng to report In respect of Ihe followlng matters in relation to which the Companies Act 2006 requires US to
report lo you if, in our opinion..
adequate accounting records have not been kept, or retums adequate for our audit have not be&n received from
branchas not visited by us., or
the financial ststemenls 8re not in agr88m&nt with the accounting record8 and retums,. or
certain disclosur8s of Directors, r&mun&ralion specifled by law are not made.. or
we have not received all the Snformalion and explanatlons we require for our audit., or
the Truste85 were not enlilled to prepare the financial slal8rn8nls in accordance with the small companies, regime
and take advantage of the small companies. exemptions in preparing the Directors. report and from the requirement
to prepare a strategic report.
Responsibiliti95 of Trust995
AS explained more fully in the Trustèes, r8sponsibi1S1ies statement set out on page 4, the Trustees Iwho are also the
DSreclors of the charitable company for the purposes of Company lawl are responsible for the preparation of the financial
st8tements and for being 881isfied that they give a true and falrvlew, and for such intemal control a5 the Trustees dotermlne
is necessary to enable the preparatlon of financlal slalemenls that are free from material misslat8menl, whether due to
fraud or error.
In preparing the flnancial staternents, the Trustees are responsible for assessing the charitable company's ability to
continue as a going concern, disclosing, as applicabl&, matters related lo going concern and using the going concem basis
of accounting unless the Trustees either intend lo liquidate the ch8ritsble comp8ny or to cease operations. or have no
reallslic alternative bul to do so.
Audltorfs r•spon$lbllltle$ for thè audit of thè financial statements
Our objectives are to obtain reasonable assurance about whether the flnancial st8tements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reason8ble
assurance Is a high level of assurance but is not a guarantee Ihal an audlt conducted Sn accordanc8 wllh ISAS {UKI wlll
always delect a material mlsstatement when il axists. Misstatements can arise from fraud or 8rror and are considered
material if. indivldually or in the aggregate, they could rgasonably be exp&cl8d to influ8nc8 the oconomic de¢isions of
users taken on tha basls of these financial statements.
Irregularitles, Indudlng fraud, ar8 Instancès of non4ompllanc8 wlth laws and regulatlon8. We design proc8dures In Ilne
with our ￿SponSibl11t1es, outlined above, to detect material misslalements in respect of irregLJlarities, including fraud. The
specific procedures for thls 8ngag8m8nl and the extant to whlch these are Capable of dete¢ting irregularities, including
fraud is detailed below..
Enquiry of management, and those Charged with govemance around actual and polonlial lillgalion and claSms'
Enquiry of entlty staff in compliance functions to identify any in$tance$ of non-¢omplianc8 with laws and regulations.,
Reviewing minutes of meetings of those charged with governance.,
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with
applicable laws and regulations.
Perfomiing audit work over the risk of management override of controls, including testing of joumal entries and other
adjustments for appropriateness, evaluating th8 business rationale of significant transactions outside the nomial
course of business and revlewlng aGGounting esJmale$ for bias

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
COVENTRY AND WARWICKSHIRE AWARD TRUST
A COMPANY LIMITED BY GUARANTEE
Auditor's respon6ibilities for the audit of the Ilnanclal statements (cont)
Because of the inherent limitstions of an audil, the￿ is a risk that we will not delect all l￿egUlarl11es. including those leading
to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more
that compliance wllh a law or ￿gulatIOn is removed from the events and transactions reflected in the financi81 statements,
as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities
occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, colluslon, omisslon or
misrepresenlation.
A furthar description of our responsibilities for the audit of the financial statements is localed on th8 Financial Reporting
Counal's website at.. www.frc.org.uklauditorsre$ponsibiliti&s. This description fomis part of our auditor's report.
Thls report Is made solely lo the charitable company's m6mb•rs. as a body, In accordanc8 Wlth Chapter 3 of Part 16 of
the Companies Act 2006. Our audit wort( has been undertaken so thatwe might State to the charitablé company's members
those matters we are required lo stale lo them in an auditor's report and for no other purpose. To the fullest extent
permilled by 18w, we do not accept or assume responsibility lo anyone other than the chartlable company and thè
charitable company's membets as a body, for our audit work, for this report, or lor the opinions we have formed.
Geoffrey Cox BA FCA (Senior Slatulory Auditor)
For and on behalf of Dafferns LLP,
Chartered Accountant8. Registered Auditors
One Eastwood, Harry Weston Road
Blnley Business Park, Coventry. CV3 2UB
Date:

COVENTRY AND wAR￿cKSHIRE AWARD TRUST
A COMPANY UMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES
(In¢ludlng Income and Expendlture A¢¢ount)
FOR THE YEAR ENDED 31ST MARCH 2024
Unr•strl¢tsd
fund
R•$lrl¢tod
funds
{Note 141
Total
2024
Tot•1
2023
Incomo and ondowmonts from:
Donab'ons and legacies
Rental income
Investments
101,500
290,110
73,000
101.500
290,110
73,000
100,000
290.110
47,597
Total income and endowments
464.610
464,610
437,707
Expondlture on:
Investment Managér8 faé
Charftable expendlture
8,297
255,022
8,297
255,022
8,692
215,581
Total expenditure
263,319
263.319
224,273
Gain/{L058) on revaluation of inveslrnents
168,892}
168,892}
1109.395)
N•t Incom•
132,399
132,399
104,039
Balances brought foNard 8t 1 sl April 2023
2,584.456
1,670,951
4,255,407
4,151,368
Balances ¢arriod forward a131 st March 2024
2,716,855
1,670,951
4,387,806
4,255,407
Income and exp8nditure Is wholly attributable lo unrestricted funds in the previous year.
Th8 notes on pages 10 to 16 form part of these financial statsments

Charity number 1151280
Company number 08270063
COVENTRY AND WARWICKSHIRE AWARD TRUST
A COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
AS AT 31ST MARCH 2024
2024
2023
Notes
FIXED ASSETS:
Tangible assets
Investments
3,542,840
1,062,164
3,653,161
1,085,924
4,605,004
4.739,085
CURRENT ASSErs
D&btors
Cash at bank and in hand
10
117.774
1,037,946
7,197
821,189
1.155,720
828.386
LESS: CURRENT LIABILITIES
CREDITORS: amounls falling due
withln one year
(246,350)
1140,901)
NET CURRENT ASSETS
909,370
687.485
CREDrroRS'. amounts falling due after
more than one year
12
(1,126,568)
(1,171,163)
NEf ASSETS
4.387,806
4,255,407
REPRESENTED BY:
FUNDS:
Unrestricted
Restricted
2,716,855
1,670,951
2,584,456
1,670,951
14
4,387,806
4.255.407
These flnan¢lal statements have been prèpared In accordance wlth the speclal provisions of Part 15 of the Companie3
Act 2006 relating to small companies and with the FRS102.
The financlal statements were approved and authorised for issue by the Board on 1QDecember 2024.
ON BEHALF OF THE BOARD:
D. Moor¢roft- Dlroctor
The notes on pages 10 10 16 form part of these financial slatements

COVENTRY AND WARWICKSHIRE AWARD TRUST
A COMPANY UMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
ACCOUNTING POUCIES:
la) General information and basis of preparation
Coventry & Warwickshire Award Trust IS 8 charity incorporated in England I Wales. In the event of the charfty
being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address
of the registered office is given in the charity inform8tion on page 1 of these financial statements. The nature of
the charity's operations and principal activities are to provide and maintain faciliti&s for the r6creation and other
leisure lime occupation of disabled and able bodied persons.
The charity constitutes a public benefitentity as defined by FRS 102. The financial statements have been prepared
in accordance with Accounting and Reporting by Charities.. Statemont of Recomrnended Practice applicable to
charities preparing their accounts in accordance with the Financlal Reportlng Standard applicable in the UK and
Republic of Irel8nd issued in Octobor 2019, the Financial Reportin9 Standard appllcable in the United Kingdom
and Republlc of Ireland IFRS 102), the Charllles Act 2011, the Companies Act 2006 and UK Generally Accepted
Accounting Practice.
The flnanclal Statements a￿ prepared on a going concern basis under the historical Cost convention, modified to
Include certain i18ms al fair value. Th8 flnancial slalements are presented in sterling which is th8 func￿Onal
currency of the charity and rounded to the nearest £1.
The Significant accounting policies applied in the preparation of these finanGial s18tementS are gel out below.
These policles have been consistently applied to all years presented unless otherwise staled.
bl Funds
General funds are unrestricted funds which are available for use 81 the discretSon of the Trustees in furtherance
of the general objectlves of the charity and which have not been designated for othar purposes.
Deslgnaled funds compnse unrestrictad funds Ih8t have been sel aside by the Trustees for particular purposes.
The aim and use of each designated fund is sel out in the nolas lo the financial stalemenls.
Restricted funds are funds which are to be used In accordance with specific restrictions imposed by donors or
which have been ralsed by the charlty for particular purposes. The cost of ralslng and admlnlsterlng Such funds
are charged against the specific fund. The aim and use of each restricted fund is 58t out in the notes to the
financial statements.
cl Incomo r8¢ognltlon
Granls and Oonatlons Recelvabla
All donations, grants and other simllar Income 8re re¢ognlsed when the charity has entitlement to the funds, any
performance condib'ons attached to the itemlsl of income have been met, il is probable that income will be
received, and the amount can be me8sured reliably. Such is income Is only deferred when:
the donor specifies that the grant or donation must only be used in future ac¢ounling periods, or
the donor has Imposed condltlons which must be met before th8 charlty has uncondltlonal entlUem&nt
Income from r•ntal activitlgs
Income from rental activities is included in the peiiod to which th8 activity is provided.
Invgstrngnt incomg
Interest and investment income is recognised when receivabl8.
dl Expendlture recognition
All expenditure is accoun18d for on an accrua15 basis and has been dassified under headings that aggregate all
os15 r81ated to the category. Expendllure is ￿￿gnISed where there is a legal or conslruclive obligation to make
payments to third parties. it is probable that the settlement will b8 required, and the arnount of the obligation can
be measured reliably. It is categorised under the following headings..
Costs of raising funds.,
Expenditure on Charitable activities,. and
other expenditur8 represents those items not falling into the categories above.
10-

COVENTRY AND WARWICKSHIRE AWARD TRUST
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
ACCOUNTING POUCIES (¢ont):
d) Expenditure recognition (contlnued)
Governance costs, shown wilhin professional fees, comprise all cos15 involving Ihe public accountability of the
charity and it5 compliance with regulation and good practice. These cosis indude costs related to statutory
audit and legal fegs.
el Tanglble Flxed A88ets
Tangible fixed assets are capitalis8d and included at cost except for investment property which is included at
valuation. Assets In the course of constwctlon includes relevant developmenl expenditure.
Depreciation is provided at the following annual rat8s in orderlo wrlte off each asset over its estimated useful life.
The annual rates principally used are..
Fixtures and fittings
20°/o Straight line
Plant and equipm&nl - 200A slraight1Sne
Sports equipment
200h straight Ilne
The property is bèlng held for thè provision of social b8n8fi18nd h8nce is classlfled as Property, Plant &
EqulpmenL
The Trustees consider that Depreclated Replacement Cost is the mosl approprfate methodology for the valuation
of AT7 Centre. Given the nature of the assets. the Trustees believe that there is no reliable market value
Informallon avallable for use.
fj Investments
Inveglments are recognised initially at fair value which is nomially the transaciion price exdudlng transaction
costs. Subsequently, they are measured al fair value with changes recognised in 'nel gains l {108se81 on
investments, in the SOFA if the shares are publicly traded or their fair value can otherwise be measured reliably.
Other investments are measured at C05t less impaimient.
g) Doblor$ and credltors rwlvabl& I payable wlthln onè year
Debtors and creditors with no slated interest rate and receivablè or payable within one year are recorded at
transaction pr1¢&. Any losses arising from Impaimienl are re¢ognised in expendilure.
h) Operatlng leases
Rentals payable and receivable under operating leases are ch8rged to the SOFA on a straight line basis over the
period of the lease.
l) Tax
The charity is an exempl charity within the meaning of schedule 3 of the Charilles Act 2011 and Is ¢onsldered to
pass the tests sel out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of
charitable company for UK corporation tax purposes.
11

COVENTRY AND WARWICKSHIRE AWARD TRUST
A COMPANY LIMrrED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
INCOME FROM CHARITABLE ACTIVITIES:
Unro$trlct•d
fund•
Rejtrfctsd
funds
Total
2024
2023
Rent receivable
Equipment rental
Comm8rcial Rights.. The Alan Higg8 Centre
129,000
61,110
100,000
129.000
61,110
100.000
129,000
61,110
100,000
290,110
290,110
290,110
Income from Chadtable actlvltles 1$ wholly attributable to Unrestricted funds in the prevlous year,
INCOME FROM INVESTMENTS:
Unfe8trl¢t•d
fvnd•
R••trlct•d
lunds
Tot•1
2024
Tat•l
2023
Bank Interest receivable
Investment incom8
19,571
53,429
19,571
53,429
3.235
44.362
73,000
73,000
47,597
Income from Investrnen1818 wholty attrlbutable lo unrest￿Cled funds In the prevlous year.
EXPENDITURE ONCHARITABLE: ACTIVITIES
Unr••trlcted
funds
R•strlct•d
fund4
Totsl
2024
Total
2023
Professional charges
Sundry expènses
Deprgcialion
Loan Int8r85t
Insuranca
45,004
11
110.321
53.172
46,514
45,004
2,965
9.443
120,285
55.059
27,829
110,321
53,172
46.514
255,022
255,022
215,581
Charitable expenditure Is wholly attributable to Unrestricted funds in the previou5 year.
OTHER DISCLOSURES:
2024
2023
Net Incomlng resource818 Stated after charglng:
Depreciation
Profit on disposal
Auditors, fftmuneration-.
Audit servic05
Other services
Trust8e5' expensBS
Directors, emoluments and other benefits etc.
110,321
120.285
1,735
1.295
1.650
1.315
No trustee5 {2023'. nil) received either remuneration or expenses during the year.
12-

COVENTRY AND WARWICKSHIRE AWARD TRUST
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
TAXATION:
No liability lo UK corporation tax arises on ordinary activities for the year ended 31st March 2024 nor for the year
ended 31st March 2023.
STAFF COSTS:
There were no persons employed by the Charity during the Current year and previous year,
TANGIBLE FIXED A88ETS:
Pro
sehold
evèlo
pi
Bulldln
ul
ui
COST:
At 1 11 April 2023
Additions
Dlsposal
400,000 3.088,380 205,145
546,112
93,636 4,333,273
Al 3151 March 2024
400,000 3,088,380 205,145
546,112
93,636 4,333,273
DEPRECIATION:
Al 161 April 2023
Charge for th8 year
Eliminatson on disposal
204,723
422
399,736
96,419
75,653
13,480
680,112
110,321
At 31•t March 2024
205.145
496,155
89,133
790.433
NET BOOK VALUE:
At 31 Bl March 2024
400,000 3,088,380
49,957
4,503 3,542,840
At 3111 March 2023
400.000 3.088,380
422
146.376
17.983
3.653.161
The land comprising 1.11 acres owned by Ihg Coventy and Warwickshire Award Trust is shown at the nominal
£1 consideration paid by the Trust. Cèntr& AT7, 8 Sports cèntre with an original total floor area of 24,000 squarè
feel was built on the land and w88 funded entirely by the Urban Programme. jointly financed by the Govemmenl
and Coventry City Council. The extension to the sports centre was completed in 1999 and was funded by a grant
from Ihe English Sports Councll.
Thè land and buildings are not shown at market valuè. Th8 freehold reversion was conveyed to th& Trust for a
nominal considgralion with th8 reslriclion that it cannot be disposed of for true valu8. Th8 TTUStees therefore
consider. having taken professional advice, it is appropriate to carry the property at its nominal value of £1 paid
for the land plus the expenditure on Ihg extension as above.
On 171h March 2016, the long leasehold land and buildings known as The Alan Higgs Centre w8r8 transferred by
the Aan Edwards Higgs Charity to Coventry and Warwickshire Award Trust for £Nil consideration subject lo
restricted covenants. The lease is for 150 years from 17th September 2003. This propety has £Nil value in the
accounts. At thi5 sam8 dale, 171h March 2016. a charge on the long leasehold land and buildings known a5 the
Alan Higgs Centre was registered In favour of the Alan Edwards Higgs Charlty.
Leasehold development costs relate lo the ¢ost for consent for certain developments on part of the site at The
Alan Higgs Centr8. These are carried al cost and will be amortised over the life of any future development.
In 2018 a new indoor pitch building was built al The Alan Higgs Centre al a cost of £1.4m.
13-

COVENTRY AND wAR￿cKSHIRE AWARD TRUST
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
INVESTMENTS..
L16t•d Inv•stm•nts
Value as at 181 April 2023
Additions
Dividends re-invested
Managementfee
Revaluation
1,085,924
53,429
18,297)
168,892)
Value at 3111 March 2024
1,062,164
Investm8nt8 at f81r value comprise..
Fixed interest
Equities
Other
Interest
Cash wlthln Inve8lment portfolio
500.345
344.770
198,440
1,825
16,784
1.062,164
10.
DEBTORS:
2024
2023
Trada debtors
Other debtors
108,715
9.059
7,197
117,774
7.197
11.
CREDITORS.. amounts falllng dug wlthln ono year
2024
2023
Loan
Deferred income
Trade credllors
Accruals
Other cr8ditor8
40,595
60,250
128,229
3,030
14,246
40,595
60,250
22.866
2,885
14,305
246,350
140,￿1
12.
CREDITORS: amount8 falllng due after more than one year
2024
2023
Loan
Deferred income
994,568
132.000
1,035,163
136,000
1,126.568
1,171,163
The loan was repayable over 30 years and interest is charged al 5%, and has 25.5 years remalning.
The loan includes £832,190 which fall du8 after fNe year5 and are payable by inslalments.
The108n is secured by a floating charge over the assets of the charfty.
14-

COVENTRY AND WARWICKSHIRE AWARD TRUST
A COMPANY LIMrrED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
13.
DEFERRED INCOME:
2024
2023
Balance 1 April 2023
Release to income during year
Additions
196,250
(4.000)
56,250
144.000
14,0001
56,250
Balance 31 March 2024
248,500
196,250
Due wilhin one year
Due within 1-5 years
Due after S yea
60,250
16,000
116,CHJO
60.250
16.000
120,000
192,250
196,250
Income has been def8rr8d in respeGt of lease Incentives which are being amort15ed over the period of the
lea$&, and in respect of rental income received In advance.
14.
RESTRICTED FUNDS:
Balanc•
l Aprll 2023
Incom
Expondlturn
B•lanc•
31 March 2024
Project fund
1,670,951
1,670,951
The Project fund represents tho amount expended on the completed expansion of tho AT7 sports centre after
deducllng rel8ted depreciation. The expanslon was mainly funded by a grant from the English Sports Council.
15.
ANALYSIS OF NET ASSETS BETYVEEN FUNDS:
Unr••trl¢t•d
fund
R8strlct•d
fund
Total fund8
Fund balances at 3181 March 2024 ar8 r8pre$ented by..
Investments
Tangible flxed assets
Nel current assets
Long term liabilities
1.062.164
1,871,889
909,370
(1.126.568)
1.062.164
3.542,840
909,370
(1,126,568)
1,670,951
Total net a55ets
2,716,855
1,670,951
4.387,806
16.
RELATED PARTY TRANSACTIONS:
Therg are no related party transa¢tions in the year (2023: £nil).
15-

COVENTRY AND WARWICKSHIRE AWARD TRUST
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
17.
OPERATING LEASE COMMITMENTS:
Lessor
The Nan Higgs Centre has been leased lo Coventry Sports Foundation from 7 March 2016 to 31 March 2060.
The rent receivable is £50,000 per annum.
Centre AT7 has been leased to Covenlry Sports Foundalion from 1 November 2019 to 31 March 2060. The
rent receivable is £75.000 per annum.
Sporting equipmgnt has been leasod lo Coventry Sports Foundation under varlous agreem&nts ending
be￿88n 2024 and 2026. The rent receivable is £60.636 per annum.
Mlnimum lease payments under non-¢ancellable operating lease$ fall due as follows:
2024
2023
<1 yéar
1-5 years
>S yèars
168,060
534,272
3,900,000
185,636
580.188
4,029,167
4,602,332
4,794,991
18.
FUNDRAISING REGULATOR STATEMENT OF COMPLIANCE:
Coventry and W8rwlckshlre Awards Trust does not contract to a Ihlrd paty to undertake any fundraising on ils
behalf. The charlty does not employ a Fundralslng Officer. We have received no fundralslng complalnls durlng
the year.
16-