Rycroft Leisure
Charity number 1157830
Annual Report and Financial Statements
for the year ended 31 March 2023
Rycroft Leisure
Annual Report and Financial Statements for the year ended 31 March 2023
| Contents | Page |
|---|---|
| Trustees' report | 2 to 3 |
| Examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7 to 13 |
Prepared by West Yorkshire Community Accountancy Service CIO
1
Rycroft Leisure
Trustees' report for the year ended 31 March 2023
Reference and administrative details of the charity, its trustees and advisors
The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates
Position Dates Ward Richards Chair Malcolm Scott Vice-chair Dave Taylor Gill Partington Angie Morley Karen Fretwell Gloria Booth Ryan Cotton Carol Young Lisa Booth
Resigned 07 December 2022 Appointed 13 October 2022 Appointed 13 October 2022 Resigned 15 July 2023 Resigned 15 July 2023 Appointed 15 June 2023 Appointed 15 June 2023
Charity number
1157830
Registered in England and Wales
Registered and principal address Bankers The Sports & Youth Centre Unity Trust Bank Mulberry Avenue PO Box 7193 Ryhill Planetary Road Wakefield Willenhall WF4 2BB WV1 9DG
Independent examiner
E J Beverley FCCA West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
Structure, governance and management
The charity is a Charitable Incorporated Organisation (CIO) foundation formed on 14 July 2014 and is governed by a constitution.
Method of recruitment and appointment of trustees
The trustees of the charity are appointed by a resolution at a meeting of the trustees.
Objectives and activities
The charity's objects
(a) The promotion of community participation in healthy recreation in particular (but not exclusively) by the promotion of facilities for the playing of football, cricket, rugby, bowls, badminton, tennis skateboarding and a fitness gym;
(b) To help young people from Ryhill and Havercroft and surrounding areas , especially but not exclusively through leisure activities, so as to develop their capabilities that they may grow to full maturity as individual and members of society;
(c) To promote the provision of facilities for recreation or other leisure time activities for individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social economic circumstances or for the public at large in the interest of social welfare.
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Rycroft Leisure
Trustees' report (continued) for the year ended 31 March 2023
The charity's main activities
The provision of a Sports, Youth and Social facility including sports fields, sports hall, gym, youth centre and social area.
Public benefit statement
In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of Amateur sport and recreation.
Achievements and performance
The charity continues to recover from the impact of the pandemic. Activities are gradually increasing and new initiatives are being encouraged (soccer camps and cycling).
The Youth Centre secured a further three year funding grant from the National Lottery. The Youth Club has 50/60 attendees on the two nights a week it opens and also runs successful holiday camps during school holidays and half terms.
Income from the Trading operations has improved but fixed term contracts for utilities come up for renewal in 2023 and these will have a significant impact on the overall performance of the charity.
Financial review
The net income for the year was £118,997, including net income of £66,723 on unrestricted funds and net income of £52,274 on restricted funds after transfers.
The trustees have reassessed the charity’s ability to continue for at least 12 months from the date that the accounts are approved and conclude that no material uncertainties exist that cast significant doubt on the charity's ability to meet its liabilities as they fall due.
Reserves policy
The charity's free reserves, excluding fixed assets, at the year end were £155,564.
We aim to maintain reserves of between 3 to 6 months of budgeted expenditure in order to enable the smooth running of the charity and to allow for an orderly winding up should the charity need to close.
Reserves have been increased in response to our gas and electricity term contracts becoming due for renewal during the next eighteen months and substantial increases being negotiated.
Approved by the board of trustees on 16/11/2023
Ward Richards (Trustee)
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Rycroft Leisure
Independent examiner's report to the trustees of Rycroft Leisure
I report to the charity trustees on my examination of the accounts of the CIO for the year ended 31 March 2023, which are set out on pages 5 to 13.
Responsibilities and basis of report
As the charity trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the CIO's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since the CIO's gross income exceeded £250,000 your examiner must be a fellow of a body listed in section 145 of the 2011 Act.
I confirm that I am qualified to undertake the examination because I am a fellow of ACCA which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; or
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2 the accounts do not accord with those records; or
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3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
E J Beverley FCCA
28/11/2023
West Yorkshire Community Accountancy Service CIO
Stringer House 34 Lupton Street Leeds LS10 2QW
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Rycroft Leisure
Statement of Financial Activities
(including summary income and expenditure account) for the year ended 31 March 2023
| Notes 2023 Unrestricted funds £ Income from: Grants and donations (2) 50,446 Sales and fees 34,240 Other income 2,800 Total income 87,486 Expenditure on: Salaries and NIC (3) 29,258 Mileage 205 Printing, postage and stationery 618 Insurance 5,983 Legal and professional 1,135 Repairs and maintenance 10,560 Activity costs 2,723 Training 31 Advertising 156 Accountancy and independent examination 1,920 Computers and IT 55 Utilities - Equipment 103 Donation 35 Bank charges 355 Miscellaneous expenses 692 Partner payments - Depreciation 9,845 Grant repaid - Total expenditure 63,674 Net income 23,812 Transfers between funds (4) 42,911 Net movement in funds 66,723 Fund balances brought forward 117,411 Fund balances carried forward (4) 184,134 |
2023 Restricted funds £ 259,719 - - 259,719 89,479 419 518 - - 4,162 43,417 1,404 - - 3,942 10,760 423 - 10 - - - 10,000 164,534 95,185 (42,911) 52,274 205,078 257,352 |
2023 Total funds £ 310,165 34,240 2,800 347,205 118,737 624 1,136 5,983 1,135 14,722 46,140 1,435 156 1,920 3,997 10,760 526 35 365 692 - 9,845 10,000 228,208 118,997 - 118,997 322,489 441,486 |
2022 Total funds £ 214,813 31,697 995 247,505 145,311 641 749 5,297 1,367 5,291 39,545 610 - 1,080 1,557 10,655 923 20 278 - 9,469 12,534 - 235,327 12,178 - 12,178 310,311 322,489 |
|---|---|---|---|
All incoming resources and resources expended derive from continuing activities.
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Rycroft Leisure
Balance sheet
| as at 31 March 2023 2023 Unrestricted £ Fixed assets Tangible assets (5) 28,570 Total fixed assets 28,570 Current assets Debtors and prepayments (6) 30,539 Cash at bank and in hand (7) 130,863 Total current assets 161,402 Current liabilities: amounts falling due within one year Creditors and accruals (8) 5,838 Total current liabilities 5,838 Net current assets 155,564 Net assets 184,134 Funds Unrestricted funds 184,134 Restricted funds - Total funds 184,134 |
2023 Restricted £ - - - 260,483 260,483 3,131 3,131 257,352 257,352 - 257,352 257,352 |
2023 Total £ 28,570 28,570 30,539 391,346 421,885 8,969 8,969 412,916 441,486 184,134 257,352 441,486 |
2022 Total £ 21,115 21,115 16,498 289,192 305,690 4,316 4,316 301,374 322,489 117,411 205,078 322,489 |
|---|---|---|---|
The financial statements were approved by the board of trustees on 16/11/2023
Ward Richards (Trustee)
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Rycroft Leisure
Notes to the accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.
Going concern
The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.
Incoming resources
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, if it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.
Grants and donations
Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.
Expenditure and liabilities
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Taxation
As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.
Tangible fixed assets
Tangible fixed assets costing more than £1,000 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Outside improvements: over 10 years Machinery and equipment: over 4 years
Pensions
The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
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Rycroft Leisure
Notes to the accounts continued
for the year ended 31 March 2023
1 Accounting policies (continued) Leases
Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.
| 2 Grants and donations Age UK Wakefield District Better Connect British Triathlon Conexus Healthcare Limited Havercroft Parish Council Ryhill Parish Council The National Lottery The Neighbourly Foundation Unite West Yorkshire Wakefield District Health & Care Partnership Wakefield Metropolitan District Council Young Lives Consortium Active Inspired Community Navigators District Councillors Henry Moore HMRC - JRS Nova Tesco Young Carers Other donations 3 Staff costs and numbers Gross salaries Social security costs Pensions |
2023 Unrestricted funds £ - - - - 22,842 24,190 - - - - - - - - - - - - - - 3,414 50,446 |
2023 Restricted funds £ 11,250 14,099 4,500 84,823 - - 48,618 1,500 500 5,500 51,296 37,633 - - - - - - - - 259,719 |
2023 Total funds £ 11,250 14,099 4,500 84,823 22,842 24,190 48,618 1,500 500 5,500 51,296 37,633 - - - - - - - - 3,414 310,165 2023 £ 108,909 7,998 1,830 118,737 |
2022 Total funds £ - 20,783 - - 15,228 15,228 - - - - 97,266 2,400 16,204 19,593 1,968 315 357 16,953 1,000 7,492 26 214,813 2022 £ 133,925 9,272 2,114 145,311 |
|---|---|---|---|---|
The average number of employees during the year was 5.5, being an average of 4.3 full time equivalent (2022: 7.2, 5.3 FTE). There were no employees with emoluments above £60,000.
| Defined contribution pension scheme | 2023 | 2022 |
|---|---|---|
| £ | £ | |
| Costs of the scheme to the charity for the year | 1,830 | 2,114 |
| Amount of any contributions outstanding at the year end | - | 399 |
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Rycroft Leisure
Notes to the accounts continued
for the year ended 31 March 2023
| 4 Restricted funds Neighbourly Fund Active and Inspired Age UK Awards For All Barnardo's Crisis Fund BIG FEED CAF CLLD Objective 1 CLLD Objective 5 CLLD Objective 3 Community Navigators Connecting Communities Emergency Funding WMDC FIM-Young Carers HAFF -2022 HAFF -23 Haff-Winter Fund Hampers Henry Moore HHH 20/22 Kickstart Leeds Com (LCF) LIVE Well Lottery Funding Neighbourhood Imp. Fund (NIF) Not round here Project Our Family Our Future Prosper Together Fund RC Yorkshire and Humber Reg. Lottery Reaching Communities SELPH Sported St Georges (Park ) Tesco Tesco(Groundwork) Triathlon - Cycles Unite - Period Poverty Wakefield Council Project Y Lives-Van Funding Youth Club |
Balance b/f £ - 38,405 - 3,274 776 4,252 249 1,822 11,375 211 24,531 54,838 - 8,324 3,742 - 3,433 708 315 6,196 - 616 6,715 - 1,968 1,844 21,794 - - 2,121 - 2,000 370 2,000 1,000 - 300 - - 1,899 205,078 |
Incoming £ 1,500 1,000 11,250 - - - - - - - 19,585 - 7,225 - 28,695 4,878 - - - - 14,099 - - 10,000 - - - 5,500 38,618 - 84,823 - - - - 4,500 500 9,498 18,048 - 259,719 |
Outgoing £ - 14,642 - - 30 85 249 - 2,098 211 5,368 22,295 7,225 773 1,344 1,576 - 205 - 2,472 14,099 616 441 10,000 - 350 21,794 4,680 13,142 2,121 28,991 86 - 738 - 474 162 (1,053) 7,421 1,899 164,534 |
Transfers £ - - - - - - - - - - (27,000) - - - - - - - - - - - - - - - - (500) - - - - - (1,262) (1,000) (2,598) - (10,551) - - (42,911) |
Balance c/f £ 1,500 24,763 11,250 3,274 746 4,167 - 1,822 9,277 - 11,748 32,543 - 7,551 31,093 3,302 3,433 503 315 3,724 - - 6,274 - 1,968 1,494 - 320 25,476 - 55,832 1,914 370 - - 1,428 638 - 10,627 - 257,352 |
|---|---|---|---|---|---|
Fund name
Neighbourly Fund Active and Inspired Age UK
Awards For All Barnardo's Crisis Fund BIG FEED
Purpose of restriction
For food/food parcels/ entertainment, storage, equipment and cleaning. Towards sports activities.
To work with hospital discharges and engage in community to stop re admissions.
Towards youth activities. Tailored support for families and young people in crisis. The Big Feed Hot Food Provision.
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Rycroft Leisure
Notes to the accounts continued
for the year ended 31 March 2023
4 Restricted funds (continued)
Purpose of restriction
Fund name CAF
| Restricted funds (continued) Fund name |
Purpose of restriction |
|---|---|
| CAF | Resilience fund for staff costs, entry access system, meal delivery to the |
| elderly and volunteer costs. | |
| CLLD Objective 1 | Building powerful communities capital grant. |
| CLLD Objective 5 | To bring new and innovative solutions to long term issues identified by the |
| People Enabling Area Transformation project. | |
| CLLD Objective 3 | Towards helping adults in the community gain employment. |
| Community Navigators | Towards wages, mileage, equipment for mental health and community |
| keyworker. The transfer relates to moving costs to unrestricted funds for | |
| hosting fees, monthly room hire and admin costs for 5 years. | |
| Connecting Communities | Towards costs for running over 55's groups. |
| Emergency Funding WMDC | To enable Youth centre to stay open. |
| FIM-Young Carers | A 1 year pilot scheme for under 10's. |
| HAFF -2022 | Towards summer activities. |
| HAFF -23 | Towards holiday activities |
| Haff-Winter Fund | Towards activities over Christmas. |
| Hampers | To provide Christmas hampers. |
| Henry Moore | Towards the Park Project. |
| HHH 20/22 | Towards the Happy Healthy Holidays project. |
| Kickstart | The Kickstart apprentice scheme. |
| Leeds Com (LCF) | Resilience fund |
| LIVE Well | For equipment and resources to restart the Young@Heart group and provide |
| activity packs for members of the young peoples groups. | |
| Lottery Funding | This was for a Mini bus, but the grant money was returned to the funder after |
| deciding we would not require a minibus. | |
| Neighbourhood Imp. Fund (NIF) | Towards the Young@Heart group and the Youth club. |
| Not round here Project | For criminal exploitation work. |
| Our Family Our Future | Towards a Community Development worker and an apprentice sports |
| development worker. | |
| Prosper Together Fund | Support Households who need the support, 10% of funds for admin, |
| management and reporting . Transfer relates to allocating funds to | |
| management costs. | |
| RC Yorkshire and Humber Reg. | Towards youth and community activities |
| Lottery Reaching Communities | Towards youth activities, wages, organisational development and equipment. |
| SELPH | To support young people age 16 – 24 year olds who are at risk of developing |
| long term mental illness. | |
| Sported | Support to run groups whilst navigating Covid-19 guidelines including |
| additional equipment, cost of cleaning equipment and advertising and signage. | |
| St Georges (Park ) | Towards the Park Project. |
| Tesco | Towards youth activities. |
| The transfer is to move the fund to unrestricted as it was a donation for youth | |
| activities which are unrestricted in nature. | |
| Tesco(Groundwork) | For the Youth Club. |
| The transfer is to move the fund to unrestricted as it was a donation for youth | |
| activities which are unrestricted in nature. | |
| Triathlon - Cycles | Towards maintenance and to purchase parts for the cycles. The transfer |
| relates to moving costs to unrestricted funds as the cycles were bought from | |
| this fund will be for the general use of the charity. | |
| Unite - Period Poverty | Towards period poverty. |
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Rycroft Leisure
Notes to the accounts continued
for the year ended 31 March 2023
4 Restricted funds (continued)
Fund name Purpose of restriction
Wakefield Council Project
Y Lives-Van Funding Youth Club
Towards the Wakefield council project. The transfer relates to moving fixed asset costs to unrestricted funds that were bought from this fund that will be for the general use of the charity.
To go into areas delivering youth work where there is no youth provision. Emotional and wellbeing grant fund.
| 5 6 7 **8 ** |
Tangible assets Cost At 1 April 2022 Additions Disposals At 31 March 2023 Depreciation At 1 April 2022 Depn reversed re. disposals Charge for year At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 Debtors and prepayments Debtors Amounts owed by subsidiary company Accrued income Cash at bank and in hand Cash at bank Cash in hand Creditors and accruals Creditors Accruals Taxation and social security Other creditors |
£ 11,264 8,737 - 20,001 1,126 - 2,000 3,126 16,875 10,138 Outside improvements |
£ 45,625 9,141 (1,158) 53,608 34,648 (580) 7,845 41,913 11,695 10,977 2023 £ 16,704 11,035 2,800 30,539 2023 £ 390,792 554 391,346 2023 £ - 5,741 3,168 60 8,969 Machinery and Equipment |
Total £ 56,889 17,878 (1,158) 73,609 35,774 (580) 9,845 45,039 28,570 21,115 2022 £ 730 11,035 4,733 16,498 2022 £ 289,141 51 289,192 2022 £ 701 1,080 2,136 399 4,316 |
|---|---|---|---|---|
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Rycroft Leisure
Notes to the accounts continued
for the year ended 31 March 2023
9 Related party transactions
Trustee expenses
No trustee received any expenses during this year or the previous year.
Trustee remuneration and benefits
No trustee received any remuneration or benefit during this or the previous year.
Remuneration and benefits received by key management personnel
The total employee benefits received by key management personnel were £65,264 (previous year: £83,233).
Other related party transactions
The CIO is parent company to Rycroft Trading CIC , a company limited by guarantee, company number 09158231.
| Loan to trading subsidiary Outstanding balance receivable Other transactions with trading subsidiary Payments to Rycroft Trading CIC Utilities Activity costs Loan interest Income from Rycroft Trading CIC |
2023 £ 11,035 11,035 2023 £ 2,800 £ 10,656 2,752 13,408 |
2022 £ 11,035 11,035 2022 £ - £ 10,655 184 10,839 |
|---|---|---|
10 Operating leases
The charity has a 25 year lease on the Leisure Centre from Havercroft and Ryhill parish councils which ends on 27th May 2040. The annual rent is £1.
| **11 ** | Funds held as agent | Balance | b/f Incoming Outgoing Balance c/f |
|---|---|---|---|
| Rugby club fund | £ £ £ £ - 1,000 1,000 - |
||
| - 1,000 1,000 - |
|||
| Fund name | Additional information | ||
| Rugby club fund | A grant was received in to our bank account and it was then transferred to | ||
| the Rugby club during the year. |
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Rycroft Leisure
Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2023
| 2023 2022 Unrestricted Unrestricted funds funds £ £ Income Grants and donations 50,446 53,982 Sales and fees 34,240 30,608 Other income 2,800 995 Total income 87,486 85,585 Expenditure Salaries and NIC 29,258 69,739 Mileage 205 225 Printing, postage and stationery 618 76 Insurance 5,983 5,297 Legal and professional 1,135 1,139 Repairs and maintenance 10,560 3,395 Activity costs 2,723 1,707 Training 31 110 Advertising 156 - Accountancy and independent exam 1,920 1,080 Computers and IT 55 513 Utilities - 1,909 Equipment 103 28 Donation 35 20 Bank charges 355 278 Miscellaneous expenses 692 - Partner payments - - Depreciation 9,845 12,534 Grant repaid - - Total expenditure 63,674 98,050 Net income / (expenditure) 23,812 (12,465) Transfers between funds 42,911 17,397 Net movement in funds 66,723 4,932 Fund balances brought forward 117,411 112,479 Fund balances carried forward 184,134 117,411 |
2023 Restricted funds £ 259,719 - - 259,719 89,479 419 518 - - 4,162 43,417 1,404 - - 3,942 10,760 423 - 10 - - - 10,000 164,534 95,185 (42,911) 52,274 205,078 257,352 |
2022 Restricted funds £ 160,831 1,089 - 161,920 75,572 416 673 - 228 1,896 37,838 500 - - 1,044 8,746 895 - - - 9,469 - - 137,277 24,643 (17,397) 7,246 197,832 205,078 |
2023 Total funds £ 310,165 34,240 2,800 347,205 118,737 624 1,136 5,983 1,135 14,722 46,140 1,435 156 1,920 3,997 10,760 526 35 365 692 - 9,845 10,000 228,208 118,997 - 118,997 322,489 441,486 |
2022 Total funds £ 214,813 31,697 995 247,505 145,311 641 749 5,297 1,367 5,291 39,545 610 - 1,080 1,557 10,655 923 20 278 - 9,469 12,534 - 235,327 12,178 - 12,178 310,311 322,489 |
|---|---|---|---|---|
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