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REGISTERED COMPANY NUMBER: 07712000 (England and Wales) REGISTERED CHARITY NUMBER: 1159655
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
THE PELICAN CENTRE LTD
Fairhurst Chartered Accountants Douglas Bank House Wigan Lane Wigan Lancashire WN1 2TB
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THE PELICAN CENTRE LTD
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
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THE PELICAN CENTRE LTD (REGISTERED NUMBER: 07712000)
REPORT OF THE TRUSTEES for the Year Ended 31 March 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 31 March 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To promote for the benefit of the inhabitants of Tyldesley and the surrounding area the provision of facilities for recreation or other leisure time occupation, in particular swimming, for the public at large in the interests of social welfare and with the objective of improving the condition of life of said inhabitants.
Significant activities
The primary business opportunity in the last few years has been the development of the gym and the intention in the current financial year was to grow the business in that area even further to both strengthen the financial stability of the organisation and to further underpin the provision of recreational activities in the community in accordance with our charitable objectives.
The coronavirus pandemic curtailed activities in 2020/21 with the centre being closed for over half of the year.
Public benefit
Our main activities and the groups at which they are aimed are described above within Objectives and Activities. All of our charitable activities are focused on furthering our charitable objectives for the public benefit of the local community.
COVID-19
The COVID-19 pandemic forced the centre to close in March 2020. It re-opened in August 2020 only to close again in November 2020 due to increased national measures to suppress the spread of the virus. The centre re-opened again in April 2021.
The charity has made use of a number of government support schemes during the year, including the Coronavirus Job Retention Scheme and Local Restrictions Support Grants. These schemes have provided vital support during exceptionally difficult trading conditions, enabling the centre to continue to be operational throughout the periods of closure.
FINANCIAL REVIEW
Reserves policy
The reserves policy is reviewed annually by the trustees in light of current events. The unrestricted reserves are currently £234,807 and the free reserves (net current unrestricted assets) stand at £83,686.
This is in line with the board's recommendation of holding 3 months running costs of the charity in free reserves, which currently stands at £83,000.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The role, scope and responsibilities of the Trustees are enshrined in law, principally the Charities Act 2011 and the Companies Act 2006, and also the Articles of Association.
Recruitment and appointment of new trustees
Co-opted Trustees are selected following a search, advertising on the club website and personal recommendation. They meet with at least two existing Trustees, including the Chairman of the charity. It is the intention of the charity to have Trustees who have a strong interest in the sport of swimming, especially to encourage wide community participation for health and leisure purposes, and an appreciation of the governance role. The policy is to have a strong, gender diverse trustee board with a range of experience and skills.
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THE PELICAN CENTRE LTD (REGISTERED NUMBER: 07712000)
REPORT OF THE TRUSTEES for the Year Ended 31 March 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees actively review the major risks which The Pelican Centre faces on a regular basis. These include health and safety, operational and human risks as well as reputational and financial risks. The trustees believe that the maintenance of general reserves, combined with the regular review of controls over financial systems, will provide sufficient resources in the event of adverse conditions.
The trustees have also examined the other operational and business risks which The Pelican Centre faces and confirm that policies and systems have been established to mitigate most of the significant risks. It is noted that, as a consequence of its status as a company limited by guarantee, the trustees of the company are liable to contribute £1 each should the company be wound up insolvent.
Public Liability Insurance is purchased in respect of certain events where the potential for liability exists.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07712000 (England and Wales)
Registered Charity number
1159655
Registered office
Tyldesley Swimming Pool Castle Street Tyldesley Manchester M29 8EG
Trustees
P A Costello Collecting Officer J A Johnson Consultant Mrs A Roberts Teacher Dr A R T Thompson General Practitioner Mrs J D Stafford Director (resigned 18/4/2020)
Independent Examiner
Fairhurst Chartered Accountants Douglas Bank House Wigan Lane Wigan Lancashire WN1 2TB
21 December 2021 | 15:53 GMT Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ J A Johnson - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PELICAN CENTRE LTD
Independent examiner's report to the trustees of The Pelican Centre Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 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
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of BA (Hons) FCA which is one of the listed bodies.
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 2. the accounts do not accord with those records; or
-
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
-
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.
Mrs Jane Dennis BA (Hons) FCA Fairhurst Chartered Accountants Douglas Bank House Wigan Lane Wigan Lancashire WN1 2TB
22 December 2021 | 08:47 GMT Date: .............................................
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THE PELICAN CENTRE LTD
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for the Year Ended 31 March 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 237,918 Charitable activities Leisure & Recreational activities 86,025 Other trading activities 3 15,239 Total 339,182 EXPENDITURE ON Raising funds 2,612 Charitable activities Leisure & Recreational activities 328,858 Total 331,470 NET INCOME 7,712 RECONCILIATION OF FUNDS Total funds brought forward 227,095 TOTAL FUNDS CARRIED FORWARD 234,807 |
Restricted funds £ 27,518 - - 27,518 - 27,518 27,518 - - - |
2021 Total funds £ 265,436 86,025 15,239 366,700 2,612 356,376 358,988 7,712 227,095 234,807 |
2020 Total funds £ 11,501 394,441 19,477 |
|---|---|---|---|
| 425,419 4,166 419,558 |
|||
| 423,724 | |||
| 1,695 225,400 |
|||
| 227,095 |
The notes form part of these financial statements
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THE PELICAN CENTRE LTD (REGISTERED NUMBER: 07712000)
STATEMENT OF FINANCIAL POSITION 31 March 2021
| Notes FIXED ASSETS Tangible assets 7 CURRENT ASSETS Stocks 8 Debtors 9 Cash at bank and in hand CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 13 Unrestricted funds TOTAL FUNDS |
2021 £ 151,121 320 31,338 161,940 193,598 (109,912) 83,686 234,807 234,807 234,807 234,807 |
2020 £ 164,407 320 25,359 64,602 90,281 (27,593) 62,688 227,095 227,095 227,095 227,095 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
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 21 December 2021 | 15:53 GMT ............................................. and were signed on its behalf by:
............................................. J A Johnson - Trustee
The notes form part of these financial statements
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THE PELICAN CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 March 2021
1. STATUTORY INFORMATION
The Pelican Centre is a charitable company, limited by guarantee, registered in England and Wales. The charitable company's registered number and registered office address can be found in the Report of the Trustees.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
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 (FRS 02) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
There are no material uncertainties regarding the charities ability to continue as a going concern.
The financial statements are presented in Sterling (£).
Income
All incoming resources are included on the Statement of Financial Activities when the company is entitled to the income and the amount can be quantified with reasonable accuracy.
Income from schools for swimming lessons is recognised at the fair value of the consideration receivable for services provided. Income is recognised according to the period to which it relates. Amounts invoiced in advance of the service being performed are accounted for as deferred income and recognised as income in the appropriate period, once the service has been performed.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Irrecoverable vat
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
Governance costs
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over the remaining term of the lease Plant and machinery - 25% on cost Computer equipment - 25% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charitable company is exempt from taxation on activites relating to its primary trading purpose.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
continued...
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THE PELICAN CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
2. ACCOUNTING POLICIES - continued
Fund accounting
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.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Contributions payable to employees personal pension schemes are charged to the Statement of Financial Activities in the period to which they relate.
3. OTHER TRADING ACTIVITIES
4.
| Unrestricted Restricted funds funds £ £ Vending machine income - - Resale of goods 2,110 - Private hire 13,129 - 15,239 - NET INCOME/(EXPENDITURE) |
2021 Total funds £ - 2,110 13,129 15,239 |
2020 Total funds £ 543 8,396 10,538 |
|---|---|---|
| 19,477 | ||
Net income/(expenditure) is stated after charging/(crediting):
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 13,961 | 17,882 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Manager Support staff (FTE) |
2021 1 7 8 |
2020 1 8 |
|---|---|---|
| 9 |
No employees received emoluments in excess of £60,000.
continued...
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THE PELICAN CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
7. TANGIBLE FIXED ASSETS
| Improvements to Plant and property machinery £ £ COST At 1 April 2020 173,780 54,733 Additions - - At 31 March 2021 173,780 54,733 DEPRECIATION At 1 April 2020 19,325 45,774 Charge for year 8,971 4,285 At 31 March 2021 28,296 50,059 NET BOOK VALUE At 31 March 2021 145,484 4,674 At 31 March 2020 154,455 8,959 8. STOCKS Stocks 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors Prepayments and accrued income 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 11) Trade creditors Social security and other taxes Other creditors Accrued expenses |
Computer equipment £ 5,278 675 5,953 4,285 705 4,990 963 993 2021 £ 320 2021 £ 2,371 701 28,266 31,338 2021 £ 50,000 18,522 3,816 29,890 7,684 109,912 |
Totals £ 233,791 675 |
Totals £ 233,791 675 |
Totals £ 233,791 675 |
|---|---|---|---|---|
| 234,466 | ||||
| 69,384 13,961 |
||||
| 83,345 | ||||
| 151,121 | ||||
| 164,407 | ||||
| 2020 £ 320 2020 £ 14,919 1,361 9,079 |
2020 £ 320 |
|||
| 25,359 | ||||
| 2020 £ - 10,159 2,882 8,988 5,564 |
||||
| 27,593 |
continued...
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THE PELICAN CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
11. LOANS
An analysis of the maturity of loans is given below:
| Amounts falling due within one year on demand: Bank loans 12. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted fund £ Fixed assets 151,121 Current assets 176,116 Current liabilities (92,430) 234,807 13. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Power to Change fund TOTAL FUNDS |
Restricted funds £ - 17,482 (17,482) - At 1/4/20 £ 227,095 227,095 Incoming resources £ 339,182 27,518 366,700 |
2021 2020 £ £ 50,000 - 2021 2020 Total Total funds funds £ £ 151,121 164,407 193,598 90,281 (109,912) (27,593) 234,807 227,095 Net movement At in funds 31/3/21 £ £ 7,712 234,807 7,712 234,807 Resources Movement expended in funds £ £ (331,470) 7,712 (27,518) - (358,988) 7,712 |
|---|---|---|
continued...
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THE PELICAN CENTRE LTD
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 March 2021
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1/4/19 in funds £ £ Unrestricted funds General fund 165,802 1,695 Restricted funds Refurbishment fund 59,598 - TOTAL FUNDS 225,400 1,695 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 425,419 TOTAL FUNDS 425,419 |
Transfers between At funds 31/3/20 £ £ 59,598 227,095 (59,598) - - 227,095 Resources Movement expended in funds £ £ (423,724) 1,695 (423,724) 1,695 |
|---|---|
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
15. CONTROL
The company is under the control of the trustees.
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