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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
DocuSign Envelope ID: BC02AA0A-63DC-47D5-B458-175E2BC1AF3E
**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|
DocuSign Envelope ID: BC02AA0A-63DC-47D5-B458-175E2BC1AF3E
## **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:
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.
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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DocuSign Envelope ID: BC02AA0A-63DC-47D5-B458-175E2BC1AF3E
## **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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