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 2025
for
Centre for Outdoor Activity and Community Hub
TaxAssist Accountants
24 Bridge Street Taunton Somerset TA1 1UB
Centre for Outdoor Activity and Community Hub
Contents of the Financial Statements for the Year Ended 30th June 2025
| Page | |
|---|---|
| Report of the Trustees | 1 - 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 - 8 |
| Notes to the Financial Statements | 9 - 15 |
| Detailed Statement of Financial Activities | 16 - 17 |
Centre for Outdoor Activity and Community Hub
Report of the Trustees for the Year Ended 30 June 2025
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 2025. 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.
The articles were revised and new articles were signed off on 2nd October 2023
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
Report of the Trustees
for the Year Ended 30 June 2025
Trustees
Sandra Brooks Janine East Elizabeth Horsham Simon Lipscombe Melanie Scanlan
Independent Examiner
TaxAssist Accountants 24 Bridge Street Taunton Somerset TA1 1UB
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.
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Centre for Outdoor Activity and Community Hub
Report of the Trustees for the Year Ended 30 June 2025
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 deficit for the year was £20,542 (2024: profit £12,414). At the year end the Charity had reserves of £1,040,447 (2024: £1,060,989). £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
Report of the Trustees for the Year Ended 30 June 2025
PLANS FOR THE FUTURE
Now that COACH has been completed the trustees intend to
-
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.
-
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.
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To continue raise sufficient income to run the Centre and meet the financial obligations.
-
To successfully transition the daily management of the company to users to enable the Trustees to take a more strategic view.
Approved by oder of the board of trustees on 25th March 2026 and signed on it's behalf by:
Mrs J East - Trustee
Page 4
Centre for Outdoor Activity and Community Hub
Independent Examiner's Report for the Year Ended 30 June 2025
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 2025.
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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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.
Edward Coton LTCL AFA/MIPA
Page 5
TaxAssist Accountants 24 Bridge Street Taunton Somerset TA1 1UB
Page 5
Centre for Outdoor Activity and Community Hub
Statement of Financial Activities for the Year Ended 30 June 2025
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2025 2024
Unrestricted Restricted Total Total
Fund Fund Funds Funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and Legacies 2 2,335 - 2,335 11,000
Charitable activities 3
Charitable activities 25,063 - 25,063 50,145
Other trading activities - - - 1,580
27,398 - 27,398 62,725
EXPENDITURE ON
Charitable activities 4
Charitable activities 41,642 - 41,642 32,676
Other 16,990 - 16,990 17,635
Total 58,632 - 58,632 50,311
NET INCOME/(EXPENDITURE) (31,235) - (31,235) 12,414
RECONCILIATION OF FUNDS
Total funds brought forward 414,275 646,714 1,060,989 1,052,140
TOTAL FUNDS CARRIED FORWARD 383,040 646,714 1,029,754 1,064,554
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Page 6
The notes form part of these financial statements
Page 6
Centre for Outdoor Activity and Community Hub
Balance Sheet as at 30 June 2025
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2025 2024
Unrestricted Restricted Total Total
Fund Fund Funds Funds
Notes £ £ £ £
FIXED ASSSETS
Tangible assets 10 358,405 646,714 1,005,118 1,020,564
CURRENT ASSETS
Debtors 11 4,886 - 4,886 7,910
Cash at Bank 33,614 - 33,614 41,231
38,500 - 38,500 49,141
CREDITORS
Amounts falling due within one year 12 (13,864) - (13,864) (7,466)
24,636 - 24,636 41,675
TOTAL ASSETS LESS CURRENT
LIABILITIES 383,041 646,714 1,029,754 1,062,239
CREDITORS
Amounts falling due after more than one year 13 - - - (1,250)
NET ASSETS 383,041 646,714 1,029,754 1,060,989
FUNDS
Unrestricted funds:
General fund 383,041 414,275
Restricted funds:
Restricted fund 646,714 646,714
TOTAL FUNDS 1,029,754 1,060,989
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.
continued...
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Centre for Outdoor Activity and Community Hub
Balance Sheet - continued as at 30 June 2025
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 and were signed on its behalf by:
Mrs J East - Trustee
Date: ….....................
Page 8
Centre for Outdoor Activity and Community Hub
Notes to the Financial Statements for the year ended 30 June 2025
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.
continued...
Page 9
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 its memorandum and articles of association.
continued...
Page 9
Notes to the Financial Statements
Centre for Outdoor Activity and Community Hub
for the year ended 30 June 2025
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 | - 12½% 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
continued...
Page 10
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...
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Centre for Outdoor Activity and Community Hub
Notes to the Financial Statements for the year ended 30 June 2025
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 Grants 3. OTHER TRADING ACTIVITIES Other income 4. CHARITABLE ACTIVITIES COSTS Direct Costs £ Charitable activities 57,090 |
2025 £ 2,335 25,063 Support Costs (Note 5) £ 1,543 |
2024 £ 11,000 50,145 Totals £ 58,632 |
|---|---|---|
continued...
Page 11
Centre for Outdoor Activity and Community Hub
Notes to the Financial Statements for the year ended 30 June 2025
5. SUPPORT COSTS
Governance expenditure related to the Independent Examiner's costs of £420 (2024 : £636) and Legal fees of £702 (2024: £1,492).
6. NET INCOME/(EXPENDITURE)
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|---|---|---|
|Net income/(expenditure) is stated after charging/(crediting):|2025|2024|
|£|£|
|Depreciation - owned assets|15,448|15,448|
|7.|TRUSTEES' REMUNERATION AND BENEFITS|
|Trustees' fees|NIL|NIL|
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Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2025 nor for the year ended 30 June 2024.
8. STAFF COSTS
The average monthly number of employees during the year was as follows:
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|---|---|---|
|2025|2024|
|Trustee|1|1|
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No employees received emoluments in excess of £60,000.
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Centre for Outdoor Activity and Community Hub
Centre for Outdoor Activity and Community Hub
Notes to the Financial Statements for the year ended 30 June 2025
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9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2,335 - 2,335
Charitable activities
Charitable activities 25,063 - 25,063
Other trading activities - - -
Total 27,398 - 27,398
EXPENDITURE ON
Charitable activities
Charitable activities 41,642 - 41,642
Other 16,990 - 16,990
Total 58,632 - 58,632
NET INCOME/(EXPENDITURE) (31,235) - (31,235)
RECONCILIATION OF FUNDS
Total funds brought forward 414,275 646,714 1,060,989
TOTAL FUNDS CARRIED FORWARD 383,040 646,714 1,029,754
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