Registered Charity No: 1157786
SPORTING PENISTONE C.I.O.
REPORT AND ACCOUNTS
YEAR ENDED 31 MARCH 2022
SPORTING PENISTONE C.I.O.
REPORT AND ACCOUNTS
YEAR ENDED 31 MARCH 2022
CONTENTS
| Page | |
|---|---|
| Legal and Administrative Information | 3 |
| Trustees’ Report | 4-6 |
| Independent Examiner’s Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10-14 |
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SPORTING PENISTONE C.I.O.
LEGAL AND ADMINISTRATIVE INFORMATION
YEAR ENDED 31 MARCH 2022
Full Name: SPORTING PENISTONE C.I.O. Registered Charity Number: 1157786 Principal Address: Penistone Leisure Centre Thurlstone Road Penistone Sheffield S36 9EF
Trustees: Amanda James Rachel Gibbons Karl Travis Alison Barron Annie Lightowler (appointed April 2021) Helen Slater (appointed April 2021) Michaela Rowe (appointed July 2021)
Chair: Rachel Gibbons Treasurer: Amanda James Bankers: Unity Trust Bank PO Box 7193 Planetary Road Willenhall WV1 9DG
Independent Examiner: Stephanie Tolson Community Accountant BCVS Services Priory Campus Pontefract Road Barnsley S71 5PN
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SPORTING PENISTONE C.I.O.
TRUSTEES’ REPORT
YEAR ENDED 31 MARCH 2022
The Trustees present their report and accounts for the year ended 31[st] March 2022.
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
Sporting Penistone is a Charitable Incorporated Organisation (CIO), registered with the Charity Commission and governed by its constitution, adopted 03 July 2014. The organisation was formerly a project of Penistone & District Community Partnership.
The affairs of the CIO are managed by the charity trustees who may exercise all the powers of the CIO. The trustees are appointed for 3 years by resolution at a trustees’ meeting.
Membership of the CIO is limited to the trustees, who have no liability to contribute to assets and no personal responsibility for settling debts and liabilities in the event of winding up.
Appointment of Trustees
In accordance with the terms of the constitution, there must be at least three charity trustees. If the number falls below this minimum, the remaining trustees can act only to call a meeting of the trustees or appoint a new trustee. The maximum number of trustees is 12.
Each new trustee is given a copy of the constitution and the latest trustee’s annual report and accounts, on or before appointment. The trustees who served during the year are shown on page 3 of this report.
Risk Management
The trustees have ultimate responsibility for identifying and managing risk. A major risk is failure to bring in sufficient income to cover the outgoing costs of running the centre. This is managed by close financial scrutiny throughout the year and ensuring the centre is booked out to groups as much as possible. For other areas the charity has policies and procedures in place to manage or lessen the effects of potential risks.
Charitable aims and objectives
The objects of the charity are:
- To promote for the benefit of the inhabitants of Penistone and district without distinction of sex, sexual orientation, age, disability, nationality, race or of political, religious or other opinions, by associating together the said inhabitants and the statutory authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the effect of improving the conditions of life for the said inhabitants.
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SPORTING PENISTONE C.I.O.
TRUSTEES’ REPORT continued
YEAR ENDED 31 MARCH 2022
- To establish, or secure the establishment of, a leisure centre and to maintain and manage the same (whether alone or in co-operation with any statutory authority or other person or body) in furtherance of the objects.
Activities undertaken for the public benefit
In shaping the objectives for the year, the trustees have paid due regard to the public benefit guidance published by the Charity Commission.
The Leisure Centre has continued to provide a series of activities for the local community. These include: a gym, fitness activities in the main hall and studio/cafe, badminton, table tennis, roller skating, parties and art activities. There is also ‘PenActive’, a youth club for older people. We have several groups for preschool children and a weekly dementia café. The local Mountain Rescue team store a vehicle in the garage at the back of the centre and an environmental group stores its equipment in an outside room. The private swimming baths over the road pays to use our car park. We opened a café in March 2021 to add an additional service for our users and complement our other activities.
These activities have been possible as a result of outstanding work by the trustees and other volunteers, and have generated an adequate income for the centre.
Achievements & performance during the period
The Leisure Centre opened up gradually after Covid in 2021, and we have since been able to build up our activities in the refurbished leisure centre. The centre now has a much better layout and presentation, more modern facilities and additional space. It is fully accessible and includes a changing place for people with severe disabilities. This will enable us to increase the activities we can run and the groups of people we can include over the coming years.
The Charity’s policy on reserves
The trustees recognise the need to keep reserves at a level which will give the organisation stability to enable it to continue to operate in the future.
As we operate in a building which dates back to the 1930s, and which in the past has not been maintained as well as it might, we needed to build up funds to allow us to repair and renovate the building as required. The refurbishment mentioned above has addressed a lot of issues to do with building maintenance, but there were significant areas which were not refurbished such as the flat roof at the front.
We used a significant amount of the reserves we had built up to pay for architect and surveyor fees and other refurbishment costs, and our reserves were significantly reduced. We would now like to maintain reserves at around £30,000, which would secure the long term future of Sporting Penistone. The actual level of unrestricted reserves at the year end was £36,699. (2021: £15,488).
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SPORTING PENISTONE C.I.O. TRUSTEES. REPORT continued YEAR ENDED 31 MARCH 2022 Related parties The trustees consider that there are no related parties to the charity. Trustees responsibilities for the financial statements Law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements glving a true and fair view, the trustees should follow best practice and: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP. make judgements and estimates that are reasonable and prudent. state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financlal position of the charity at any time and enable the trustees to prepare financial statements for each financial year. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable step5 for the prevention and detection of fraud or other irregularities. Financial Position The financial statements are set out in pages 8 to 14. The Statement of Financial Activities shows a surplus for the year £9,911. (2021: £183,733). The total funds of the charity at year end, represented by unrestricted funds, stand at £36,699. (2021: £15,488). The trustees declare that they have approved the report above. Signed on behalf of the charity's trustees: Signed: Amanda Jame*.. Treasurer Date: 18th January 2023 Page 6
SPORTING PENISTONE C.I.O.
INDEPENDENT EXAMINER’S REPORT YEAR ENDED 31 MARCH 2022
I report on the accounts of the charity, which are set out on pages 8 to 14.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year, under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts, under section 145 of the 2011 Act;
-
follow the procedures laid down in the general directions given by the Charity Commissioners under section 145 (5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention
Basis of independent examiner’s report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
- which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records, in accordance with section 130 of the 2011 Act, and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met;
or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed _______ Date 18[th] January 2023
Steph Tolson, ACMA Community Accountant BCVS Services
Priory Campus, Pontefract Road, Barnsley, S71 5PN
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SPORTING PENISTONE C.I.O.
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2022
| Unrestricted Funds Note £ Income Sports Centre income 58,739 Car Parking & room hire 18,710 Café & Tuckshop income 4,297 Grants received 2 20,225 Fundraising and events 2,624 Donations 88 Refunds - Other income 59 Total income 104,742 Expenditure Staff costs 27,406 Equipment 3,140 Fundraising expenses 242 Repairs & maintenance 7,280 Insurance 2,334 Training 4,696 Rent and Rates - Utilities, telephone & internet 7,751 Admin & Stationery 3,978 Refreshments & Tuck shop 2,518 Building works/construction 5,399 Advertising 304 Legal & professional fees 3,225 Licences 1,200 Accountancy Fee 750 Depreciation - Miscellaneous/other 434 Total Expenditure 70,657 Net Income/(Expenditure) 34,085 Total funds brought forward 15,488 Fund Transfers and adjustments 13 (12,874) Total funds carried forward 36,699 |
Restricted Designated Funds Funds £ - - - - - - 28,609 - - - 855 - - - - - 29,464 - 23,382 - 1,684 - - - - - - - - - - - - - - - - - 4,415 - - - - - - - - - - 24,157 - - 29,481 24,157 (17) (24,157) 452 345,307 - 12,874 435 334,024 |
2022 Total Funds £ 58,739 18,710 4,297 48,834 2,624 943 - 59 134,206 50,788 4,824 242 7,280 2,334 4,696 - 7,751 3,978 2,518 9,814 304 3,225 1,200 750 24,157 434 124,295 9,911 361,247 - 371,158 |
2021 Total Funds £ 24,576 - - 217,751 2,860 6,949 - 1 |
|---|---|---|---|
| 252,137 | |||
| 22,176 2,087 - 5,976 1,153 190 234 6,015 1,889 173 4,511 - 1,118 35 725 22,110 12 |
|||
| 68,404 | |||
| 183,733 177,514 - |
|||
| 361,247 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
Prior year income includes restricted grants and donations of £178,501. All other prior year income is unrestricted. Prior year expenditure includes depreciation of £22,110 allocated to designated funds and the following amounts from restricted funds - £218 Legal fees, £733 admin costs, £1,481 Equipment costs and £4,511 building construction costs. All other prior year expenditure is unrestricted.
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SPORTING PENisfoNE C.I.O. BALANCE SHEET YEAR ENDED 31 MARCH 2022 2022 2021 Nole Fixed assets Tangible Fixed Assets 334,024 345,307 Currenl assets Debtors Cash at bank and in hand Tolal current assets 4,453 39,936 44.389 18,762 18,762 CurTrnt liabiliti&$ Creditors amounts falling due within one year 2,822 37,134 15,940 Nei curreni asseis 371,158 361.247 Not assets Funds oflhe ¢harity Unreslricled funds Designated funds (Fixed Assets} Restricted funds 12 36,699 334.024 435 15,488 345,307 452 Total lunds 371,158 361,247 The trustees declare that they have approved the accounts above. Signed on behalf of the charity's trustees: Date: 18 January 2023 Amanda James. Treasurer Page 9
SPORTING PENISTONE C.I.O.
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2022
1. Accounting policies
Basis of the preparation of the accounts
The financial statements have been prepared in accordance with 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 (FRS102) (effective 1 January 2019) – (Charities SORP (FRS102)).
Sporting Penistone CIO meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value, unless otherwise stated in the relevant accounting policy note(s).
Income and expenditure has been analysed in the accounts using natural classification, in accordance with the provisions of Section 4.6, SORP 2019 (smaller charities). The charity also meets the requirements for exemption from preparing a statement of cash flows.
Going Concern note
After reviewing the charity’s forecasts and projections and its reserves, the trustees have reasonable expectation that the charity has adequate resources to continue in operation for the 12 month period, from the date of the signing of these accounts.
Incoming resources
All material incoming resources have been included in the Statement of Financial Activities when the charity is entitled to the income, when any performance conditions attached are met, when it is probable that the income will be received and when the amount can be measured reliably.
Donated goods and services
Donated facilities and services are recognised in the accounts, at the amount the charity would pay in the open market for a service equivalent to that being donated, when the charity would otherwise have purchased them and the value can be measured reliably.
Donated goods for the charity’s own use are recognised as income, at their fair value.
The contribution of general volunteers is not recognised as income in the charity accounts.
Resources Expended
All expenditure is included on an accruals basis and is recognised as a liability is incurred.
Tangible Fixed Assets
Tangible fixed assets, with a cost exceeding £1,000, are capitalised and depreciated over their expected useful lives. The following rates apply:
Equipment, Fixtures & Fittings - 20% on a straight line basis Leasehold Improvements - 5% on a straight line basis
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SPORTING PENISTONE C.I.O.
NOTES TO THE FINANCIAL STATEMENTS continued
YEAR ENDED 31 MARCH 2022
Taxation
Sporting Penistone CIO is a registered charity and is exempt from UK corporation tax on income from its charitable activities.
Funds Structure
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity.
Restricted funds have been provided to the charity for particular purposes and may only be spent for the purposes for which they were given. Any balance remaining outstanding on a restricted fund at the end of the year is carried forward as a balance on that fund, unless permission has been given by the funder to remove the restriction on the balance outstanding.
Funds relating to capital expenditure are transferred to a designated fund against which depreciation is charged.
2. Grants Received
| BMBC Ward Alliance Sport England CLRF Kickstart Grant for wages EPIP Leader grant SSE funding for contruction work BMBC Better Barnsley Bond East Riding of Yorkshire 4 Good Fund SSE funding for office payments system BMBC Covid Support funding HMRC CJRS Furlough grant SSE Unrestricted funding Co-op Community Fund |
2021 £ £ 3,560 - 19,860 - 3,522 - - 165,277 - 6,666 - 2,908 - 2,000 1,667 750 13,579 28,090 4,072 8,938 - 1,667 2,574 1,455 48,834 217,751 2022 |
|---|---|
The Sport England Community Leisure Recovery Fund was a £19,860 restricted grant to fund wages and restarting activities following the Covid-19 Pandemic.
The BMBC Ward Alliance grant of £3,560 was received to fund the construction of a corridor, as part of the construction works to create a new café.
The Kickstart Scheme is a government scheme to get young people into employment. This restricted grant of £3,522 funded wages and equipment for a new employee.
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SPORTING PENISTONE C.I.O.
NOTES TO THE FINANCIAL STATEMENTS continued
YEAR ENDED 31 MARCH 2022
The SSE funding was a Community Business Trade-up grant of £1,667 which was the final payment of grants issued in the previous financial year. This funded equipment for a new payments system.
BMBC provided £13,579 of support as Covid-19 Crisis funding, this was unrestricted.
The HMRC CJRS provided funding to enable a number of staff to be furloughed through the pandemic.
The Co-op Community grant is part of the ongoing scheme to support local projects and is unrestricted. The grant this year has helped fund new gym equipment.
3. Fixed Assets
| £ Cost Balance b/f - 01.04.21 363,765 Additions in year - Disposals - Balance c/f at 31.03.22 363,765 Depreciation Balance b/f - 01.04.21 28,604 Disposals - Charge for the year 18,188 Balance c/f at 31.03.22 46,792 NBV at 31 March 2022 316,973 NBV at 31 March 2021 335,161 Leasehold Property Improvements |
Total £ £ 19,606 383,371 12,874 12,874 - - 32,480 396,245 9,460 38,064 - - 5,969 24,157 15,429 62,221 17,051 334,024 10,146 345,307 Equipment, Fixtures & Fittings |
|---|---|
4. Debtors
| Debtors | 2022 2021 £ £ 4,453 - 4,453 - |
|---|---|
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SPORTING PENISTONE C.I.O.
NOTES TO THE FINANCIAL STATEMENTS continued
YEAR ENDED 31 MARCH 2022
5. Creditors
| Accountancy accrual Payroll accrual |
2022 2021 £ £ 750 725 6,505 2,097 7,255 2,822 |
|---|---|
6. Staff costs and numbers
| Staff costs and numbers | ||
|---|---|---|
| Salaries cost Social Security Costs Pensions Average number of staff employed during the year |
2022 £ 48,965 1,389 434 50,788 10 |
2021 £ 21,153 965 58 |
| 22,176 | ||
| 2 |
No individual employee received remuneration of more than £60,000.
7. Trustee payments, benefits and expenses
During the period, trustee A Barron received remuneration payments of £3,781 for the supply of services to the Charity. There were no other trustee payments. (2021: £1,050)
8. Related Party Transactions
No payments were made to related parties during the period. (2021: £0)
10. Independent Examination of Accounts
The cost of the independent examination for the year was £750 (2021: £725).
11. Land & Buildings
A 30 year lease dated 9[th] May 2019 exists between the charity and Barnsley Metropolitan Borough Council (BMBC), relating to the leisure centre land & Building. Improvements to the leasehold property are recognised as fixed assets in the charity’s accounts
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SPORTING PENISTONE C.I.O.
NOTES TO THE FINANCIAL STATEMENTS continued
YEAR ENDED 31 MARCH 2022
12. Movement In Funds
| Unrestricted funds General Fund Designated funds Fixed Assets Restricted funds BMBC Ward Alliance BMBC Penistone Active fund Sport England CLRF Kickstart SSE Trade Up Office Payments R Thompson Donation Penistone Round Table Donation TOTAL FUNDS |
Opening balance £ 15,488 15,488 345,307 345,307 - 435 - - 17 - - 452 361,247 |
Incoming resources £ 104,742 104,742 - - 3,560 - 19,860 3,522 1,667 450 405 29,464 134,206 |
(Resources expended) £ (70,657) (70,657) (24,157) (24,157) (3,560) - (19,860) (3,522) (1,684) (450) (405) (29,481) (124,295) |
Transfers & Closing adjustments balance £ £ (12,874) 36,699 (12,874) 36,699 12,874 334,024 12,874 334,024 - - - 435 - - - - - - - - - - - 435 - 371,158 |
|---|---|---|---|---|
13. Fund Transfers
£12,874 was transferred to the designated fixed assets fund, to cover capital spend in accordance with the Fixed Asset policy. This was for various items for the new kitchen and some gym equipment.
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