**REGISTERED COMPANY NUMBER: 08106171 (England and Wales) REGISTERED CHARITY NUMBER: 1154680**
## **Report of the Trustees and**
## **Unaudited Financial Statements for the Year Ended 30 June 2021**
## **for**
## **Centre For Outdoor Activity And Community Hub**
Cooper Associates Accountants Ltd 40 St James Buildings St James Street Taunton Somerset TA1 1JR
**Centre For Outdoor Activity And Community Hub**
## **Contents of the Financial Statements for the Year Ended 30 June 2021**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 4|
|**Independent Examiner's Report**|5|
|**Statement of Financial Activities**|6|
|**Balance Sheet**|7 to 8|
|**Notes to the Financial Statements**|9 to 16|
**Centre For Outdoor Activity And**
## **Community Hub (Registered number: 08106171)**
## **Report of the Trustees for the Year Ended 30 June 2021**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
COACH is a registered charity and company limited by guarantee. It is governed by Articles of Association adopted on 14 June 2012.
## **Recruitment and appointment of new trustees**
Trustees are appointed for the experience and expertise they bring to the Charity. The Charity has built a community hub and it is intended that the Trustee Board is representative of the local community and expected users of the facility. The Trustees are elected to hold office for a period of 3 years, renewable for a further two terms, with consent of the other trustees.
Each trustee will be inducted into the operation of the charity and the duties of the trustee board. They will be provided with appropriate training to support them in their role.
## **Decision making**
The Charity has developed a community hub in French Weir Park, Taunton. The Trustees hold regular meetings to manage the activities of the Charity. The Trustees have also created a Facility Management Group made up of representatives of the users of the facility to look after the day to day running of COACH, in line with guidelines set out by the Trustees.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The main risk is not being able to generate the funds to maintain and run the building. The Charity has a business plan that it continues to execute. The aim is to provide income to maintain the facility and support the local community. The Trustees aim to build a contingency fund for repairs and improvements.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
08106171 (England and Wales)
## **Registered Charity number**
1154680
## **Registered office**
Coach French Weir Park French Weir Avenue Taunton Somerset TA1 1AW
Page 1
## **Centre For Outdoor Activity And Community Hub (Registered number: 08106171)**
## **Report of the Trustees for the Year Ended 30 June 2021**
## **Trustees**
D M Bullock I Payne D F Bird Mrs E C Smillie B Appleby (appointed 1.4.21) W Mann Risk Manager (appointed 1.4.21) Mrs K M Hood Cafe Owner (appointed 1.4.21) J Hawkey (appointed 1.4.21) D D J Brice (appointed 1.4.21)
Ms R V Lowes (resigned 31.10.20)
## **Independent Examiner**
Cooper Associates Accountants Ltd 40 St James Buildings St James Street Taunton Somerset TA1 1JR
## **OBJECTIVES AND ACTIVITIES**
The vision of the Charity is to provide access for youth, sport, education and community in the very heart of Taunton through the provision of a facility that is iconic, green and functional. COACH is a charity existing to promote community values in a sporting and educational environment, open to all.
This is achieved by providing the community with a building in the heart of the Tone corridor, linking an open space at Longrun Meadow and the strategic regeneration area at Firepool, that encourages the values of activity, community and education. The Trustees aim to ensure that the users of COACH reflect a broad range of the community.
## **PUBLIC BENEFIT STATEMENT**
The Trustees are working with the Charity's various partners to ensure that there is strong community involvement and support available to widen access to the facilities. The Charity has also purchased specialised adaptive craft to help offer enjoyment of the river to more users.
Page 2
## **Centre For Outdoor Activity And Community Hub (Registered number: 08106171)**
## **Report of the Trustees for the Year Ended 30 June 2021**
## **FINANCIAL REVIEW**
The Charity completed and opened the new community hub, COACH, in French Weir Park, Taunton, in March 2017. Since that time the level of activity and the number of regular users at COACH has increased steadily, building regular income to ensure that it becomes financially sustainable.
The cost of the building grew mainly due to technical issues. The Trustees took the decision to borrow funds to complete the project fully and to a good standard. The Trustees are grateful to Taunton Deane Borough Council and the Robert Barnes Trust for their support. The decision to borrow was supported by business plans that show the repayments are affordable and the Trustees expect to make a surplus each year and start to build a reserve to support the ongoing maintenance of the building.
The net loss for the year was £3,257 (2020 : net income £34,465), including £nil in donations for the building (2020 : £27,931) and £18,655 for grants in relation to COVID-19 (2020 : £nil). At the year end the Charity had reserves of £1,048,335 (2020: £1,051,592). £640,000 relating to the grant from Sport England has been retained as restricted funds against the 10 year security held on the property to protect Sport England's interest in the Centre.
The Trustees are grateful to all the grant funders and donors who have made the project possible. Donations were received from :
|Friends of Long Run Meadow|Cycle Somerset|Sport England Fund|
|---|---|---|
|The Robert Bruce Barnes Charitable Trust|Awards for All|Taunton Rowing Club|
|Taunton Deane Borough Council|The Clark Foundation|Albert Goodman|
|Taunton Adventurous Sports and Canoe Club|DM THomas Foundation|Wooden Spoon|
|Bishop Fox's Educational Foundation|British Rowing|Hedley Foundation|
|Somerset Community Foundation|British Canoeing|Rank Formation|
|The Peter Harrison Foundation|Taunton School|Taunton Bike Club|
|Persimmon Charitable Fund|TYCC||
|Bath and Wells School Fund|Wilton Trust||
## **FUNDRAISING**
To date the principal method of fundraising has been through the direct approach to grant funding organisation. Income has also been received through the generosity of individual donors and fundraising initiatives run by users of the facility. The Trustees will look to fundraise for future developments and to support the costs of running the facility.
## **RESERVES POLICY**
The Charity's initial aim was to raise funds to build the community hub. Now the facility is operational the Trustees will aim to build a reserve equal to one year's annual expenditure and establish a reserve for supporting the maintenance of the building.
Page 3
## **Centre For Outdoor Activity And Community Hub (Registered number: 08106171)**
## **Report of the Trustees for the Year Ended 30 June 2021**
## **PLANS FOR THE FUTURE**
Now that COACH has been completed the trustees intend to
1. Continue to promote the centre as a hub for a wide range of community and sports users to a wide cross-section of the community.
2. Ensure that the trustee board is expanded to reflect the local community and their views on how the facility will run for the benefit of the community.
3. To continue raise sufficient income to run the Centre and meet the financial obligations.
4. To successfully transition the daily management of the company to users to enable the Trustees to take a more strategic view.
Approved by order of the board of trustees on 22 October 2021 and signed on its behalf by:
D M Bullock - Trustee
Page 4
## **Independent Examiner's Report to the Trustees of Centre For Outdoor Activity And Community Hub**
## **Independent examiner's report to the trustees of Centre For Outdoor Activity And Community Hub ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2021.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Kevin Parsons FCCA Cooper Associates Accountants Ltd 40 St James Buildings St James Street Taunton Somerset TA1 1JR
22 October 2021
Page 5
## **Centre For Outdoor Activity And Community Hub**
## **Statement of Financial Activities for the Year Ended 30 June 2021**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
Charitable activities
Other trading activities
3
**Total**
**EXPENDITURE ON**
**Charitable activities**
4
Charitable activities
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
18,655
16,227
19,200
54,082
43,988
13,351
57,339
(3,257)
404,878
401,621|Restricted
fund
£
-
-
-
-
-
-
-
-
646,714
646,714|2021
Total
funds
£
18,655
16,227
19,200
54,082
43,988
13,351
57,339
(3,257)
1,051,592
1,048,335|2020
Total
funds
£
27,931
32,022
5,000|
|---|---|---|---|---|
|||||64,953
17,377
13,111|
|||||30,488|
|||||34,465
1,017,127|
|||||1,051,592|
The notes form part of these financial statements
Page 6
## **Centre For Outdoor Activity And Community Hub (Registered number: 08106171)**
## **Balance Sheet 30 June 2021**
|Notes
**FIXED ASSETS**
Tangible assets
10
**CURRENT ASSETS**
Debtors
11
Cash at bank
**CREDITORS**
Amounts falling due within one year
12
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one
year
13
**NET ASSETS**
**FUNDS**
15
Unrestricted funds:
General fund
Restricted funds:
Restricted fund
**TOTAL FUNDS**|Unrestricted
fund
£
400,744
1,832
27,126
28,958
(9,643)
19,315
420,059
(18,438)
401,621|Restricted
fund
£
646,714
-
-
-
-
-
646,714
-
646,714|2021
Total
funds
£
1,047,458
1,832
27,126
28,958
(9,643)
19,315
1,066,773
(18,438)
1,048,335
401,621
646,714
1,048,335|2020
Total
funds
£
1,054,473
1,171
30,601
31,772
(9,965)
21,807
1,076,280
(24,688)
1,051,592
404,878
646,714
1,051,592|
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
continued...
Page 7
## **Centre For Outdoor Activity And Community Hub (Registered number: 08106171)**
## **Balance Sheet - continued 30 June 2021**
- The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 22 October 2021 and were signed on its behalf by:
D M Bullock - Trustee
The notes form part of these financial statements
Page 8
**Centre For Outdoor Activity And Community Hub**
**Notes to the Financial Statements for the Year Ended 30 June 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Critical accounting judgements and key sources of estimation uncertainty.**
Preparation of the financial statements required the Trustees to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include:
Useful economic lives of intangible and tangible assets:
The annual amortisation and depreciation charges for the tangible assets are sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 8 for the carrying amount of the tangible assets and the tangible assets accounting policy for the useful lives for each class of asset.
## **Cash and cash equivalents**
Cash is represented by cash in hand and deposits with financial institutions.
## **Income**
Income, including that from letting the facility, is recognised in the period to which it relates, once the Charity has entitlement to the resources and once the trustees have probability that the resources will be received and when the monetary value can be measured with reliably.
Income from fundraising events is shown gross, with the associated expenditure shown in cost of generating funds.
Where the Charity benefits from work carried out by volunteers without charge, no value is placed on this work for accounting purposes but is described in the trustees' annual report.
## **Expenditure**
Expenditure is included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered, as soon as there is a legal or constructive obligation committing the Charity to the expenditure.
The expenditure on raising funds are those costs incurred in providing services for which the Charity received a direct income and those incurred in fundraising activity.
Expenditure on charitable activities represents the cost of supporting the Charity's objectives and as laid out in it's memorandum and articles of association.
continued...
Page 9
## **Centre For Outdoor Activity And Community Hub**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Expenditure**
Governance costs are those incurred in the governance of the Charity and its assets and are primarily associated with constitutional and statutory compliance.
Support costs include central functions, principally connected with buildings and administration, which are indirectly incurred in support of the generation of funds and of charitable expenditure, and which are allocated to those heading on an appropriate apportionment.
The Charity has no employees.
## **Tangible fixed assets**
Individual fixed assets costing £500 or more, and others of a smaller individual value but forming part of a capital expenditure programme, are capitalised at purchase cost.
Depreciation is provided on all tangible fixed assets in use, at rates and bases calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:-
|Freehold Buildings|- 1% of cost|
|---|---|
|Fixtures, fittings and boats|- 12.5% of cost|
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Debtors**
Debtors and accrued income are recognised at the settlement amount due after any trade discount. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Creditors**
Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discount due.
continued...
Page 10
## **Centre For Outdoor Activity And Community Hub**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Financial Instruments**
COACH only has financial assets and liabilities of a kind that qualify as basic financial instruments, cash at bank, debtors and creditors. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. ( See Notes 9,10,11,12)
## **2. DONATIONS AND LEGACIES**
|2021
£
Donations
-
Grants
18,655
18,655
**3.**
**OTHER TRADING ACTIVITIES**
2021
£
Sponsorships
-
Holiday, activity and food fund
19,200
19,200
**4.**
**CHARITABLE ACTIVITIES COSTS**
Support
Direct
costs (see
Costs
note 5)
£
£
Charitable activities
42,649
1,339|2020
£
27,931
-|
|---|---|
||27,931|
||2020
£
5,000
-|
||5,000|
||Totals
£
43,988|
continued...
Page 11
## **Centre For Outdoor Activity And Community Hub**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2021**
## **5. SUPPORT COSTS**
Governance expenditure related to the Independent Examiner's costs of £596 (2019 : £676) and Legal fees of £743 (2020: £nil).
## **6. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
## **7.**
|Depreciation - owned assets
**TRUSTEES' REMUNERATION AND BENEFITS**
Trustees' fees|2021
£
13,352
2021
£
3,189|2020
£
13,111|
|---|---|---|
|||2020
£
341|
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 June 2021 nor for the year ended 30 June 2020.
## **8. STAFF COSTS**
The average monthly number of employees during the year was as follows:
||2021|2020|
|---|---|---|
|Trustee|1|1|
No employees received emoluments in excess of £60,000.
continued...
Page 12
## **Centre For Outdoor Activity And Community Hub**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2021**
|**9.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
Restricted
fund
fund
£
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
27,931
-
**Charitable activities**
Charitable activities
32,022
-
Other trading activities
5,000
-
**Total**
64,953
-
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
17,377
-
Other
13,111
-
**Total**
30,488
-
**NET INCOME**
34,465
-
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
370,413
646,714
**TOTAL FUNDS CARRIED**
**FORWARD**
404,878
646,714|Total
funds
£
27,931
32,022
5,000|
|---|---|
||64,953
17,377
13,111|
||30,488|
||34,465
1,017,127|
||1,051,592|
continued...
Page 13
## **Centre For Outdoor Activity And Community Hub**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2021**
## **10. TANGIBLE FIXED ASSETS**
|**COST**
At 1 July 2020
Additions
At 30 June 2021
**DEPRECIATION**
At 1 July 2020
Charge for year
At 30 June 2021
**NET BOOK VALUE**
At 30 June 2021
At 30 June 2020|Freehold
property
£
1,078,435
4,800
1,083,235
35,015
10,833
45,848
1,037,387
1,043,420|Fixtures
and
fittings
£
18,616
1,537
20,153
7,563
2,519
10,082
10,071
11,053|Totals
£
1,097,051
6,337|
|---|---|---|---|
||||1,103,388|
||||42,578
13,352|
||||55,930|
||||1,047,458|
||||1,054,473|
Sports England has a charge on the building equal to the grants given in order to ensure that the funds granted to the project are protected for the purpose of the grant. Sport England awarded a grant for £640,000.
The Land that the Centre for Outdoor Activity and Community Hub is situated on is under a 125 year lease to the charity from Taunton Deane Borough Council starting on 1 December 2015. There has been no valuation undertaken for this land and therefore the trustees have concluded that a value for this land will not be recognised on the balance sheet of the charity.
## **11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
||2021|2020|
|---|---|---|
||£|£|
|Prepayments and accrued income|1,832|1,171|
continued...
Page 14
## **Centre For Outdoor Activity And Community Hub**
## **Notes to the Financial Statements - continued for the Year Ended 30 June 2021**
## **12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|2021
£
Other loans (see note 14)
6,250
Trade creditors
2,793
Accruals and deferred income
600
9,643
**13.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
2021
£
Other loans (see note 14)
18,438
**14.**
**LOANS**
An analysis of the maturity of loans is given below:
2021
£
Amounts falling due within one year on demand:
Other loans
6,250
Amounts falling between one and two years:
Other loans - 1-2 years
6,250
Amounts falling due between two and five years:
Other loans - 2-5 years
12,188|2020
£
6,250
2,794
921
9,965
2020
£
24,688|2020
£
6,250
2,794
921|
|---|---|---|
|||9,965|
||2020
£
6,250||
||6,250||
||18,438||
## **15. MOVEMENT IN FUNDS**
The Building fund includes grants from the following bodies to enable the Community Centre to be built:
|The Peter Harrison Foundation|Bishop Fox's Educational|
|---|---|
|Sport England Fund|Taunton Deane Borough Council|
|Wilton Trust|The Robert Bruce Barnes Foundation|
|Permission Charitable Fund|Bath and Wells - Schools Fund|
|Friends of Longrun Meadow||
The following organisations provided funds for boats and equipment to support the young and to provide adaptive craft.
||£|
|---|---|
|Wooden Spoon|5,700|
|Wilton trust|7,500|
Page 15
continued...
## **Centre For Outdoor Activity And Community Hub**
**Notes to the Financial Statements - continued for the Year Ended 30 June 2021**
## **16. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 June 2021.
Page 16