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2023-08-31-accounts

Registered number: 09692163 Charity number: 1162321

THE CHAMWELL CENTRE CHARITY

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 AUGUST 2023

THE CHAMWELL CENTRE CHARITY

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative information 1
Chair’s Summary 2
Trustees’ Report 3-15
Independent Auditor’s Report 16-19
Statement of Financial Activities 20
Balance Sheet 21-22
Statement of Cash Flows 23
Notes to the Financial Statements 24-42

THE CHAMWELL CENTRE CHARITY

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE INFORMATION

Trustees: Mr John Banks (resigned 18 July 2023)
Dr Natalie Campbell (resigned 28 October 2022)
Mrs Lynn Campbell-Davies (appointed 18 July 2023)
Mrs Lyn Dance (resigned 18 July 2023)
Mr Roger Deeks (appointed 15 November 2022, resigned 18 July 2023)
Ms Katrina Hawkins (resigned 18 July 2023)
Mr Martin Stuart Hughes (appointed 18 July 2023)
Miss Louise Morgan (appointed 18 July 2023)
Ms Katie Norton (appointed 18 October 2022)
Dr Marie Owen (resigned 20 September 2022)
Mrs Diane Taylor (resigned 18 July 2023)
Mrs Derinda Theis (resigned 9 February 2023)
Mrs Nicola Theis (resigned 27 January 2023)
Dame Janet TrotterDBE CVO(appointed 20 September 2022)
Company Secretary: Dr Marie Owen (resigned 20 September 2022)
Dame Janet Trotter (appointed 20 September 2022)
Centre Operations Director: Ms Gilli Appleby (resigned 31 December 2022)
Ms Julie de Leeuw (resigned 16 February 2023)
Ms Louise Arkley (appointed 7 February 2023)
Head of Finance: Ms Denise Finch (resigned 31 August 2023)
Mrs Natalie Limbrick (appointed 1 September 2023)
Registered Charity Name: The Chamwell Centre Charity
Charity Number: 1162321
Company Number: 09692163
Registered and Principal The Chamwell Centre Charity
Office: The Milestone School
Longford Lane
Gloucester GL2 9EU
Bankers: CAF Bank Limited
25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ
Independent Auditor: Crowe U.K. LLP
4th Floor, St James House, St James’ Square, Cheltenham, Glos GL50 3PR
Solicitors: Charles Russell Speechleys
Compass House, Lypiatt Road, Cheltenham, Glos GL50 2QJ

Page 1

THE CHAMWELL CENTRE CHARITY IA company Ilmltgd by guarantsèl CHAIR'S SUMMARY On behalf tsl the Board ol Trustees, It is my prlvileg9 to pr8s6nt Thè Chamwèll C&nlr& Charity's 2022-23 Annual Report, logelher wth the audlted financial statements for the Company for the period 1 August 2022 to 31 August 2023. The Trustees confirm that th8 Annual Report and linanclal statements ol the company comply with thg ¢urr8nt statutory requlrements, the requlremenls of the Cornpany's governing docum8nt antj thè provlslons ol the Slalemenls of Recommended Praclico ISORPI, appli¢able lo charil*s preparing their accounls in accordance with the Reporting Standard applic8N8 in thè UK and Republic ol Ireland IFRS 1021. elleclive 1 January 2019. During July 2023 The Charnwell C8ntr8 Charty I'chamwell'l became a wholly owned subsidiary of SAND Acad8mi85 Trust I"SAND"l arKI as a result the reporting ye8r h88 begll 8Xt8nd8d by onè month to colnctde with SAND reporbng period. Thè relationship between Chamwell and SAND has gone from slrgnglh to strènglh during the peri(Ml under revlew and the outlook lor the fLJture is p0511ive. The vision of Chamwell continues to be to enhan￿ the wellbeing ol those wilh disability- how th8y fèèl. how thèy function on a personal and social level, and how they feel about their lives 85 a whole. Chamwell endeavours to achieve this aim by aC￿sS to Its 18dlitie5 whlch people wllh special negds. young and old. can enjoy with their families and from whlch Ihey can deriv& holistic benefit. Paris ol the Chamwèll Centre have beèn remodelled lo provide more flexible space. The upstalrs has been rellovaled to accotllmodste SAND ollices which have brought in a rental income. The down51air5 Discovery Zone has been divided into two SP8ce5 making thern morè usable for lelllngs. Chamwell is not a Centrè whèrè users receive Iherapeulic intervention in Ihe conv8ntional sensts. The Centre acts as an enabler, a conduit lo empower individuals to improve their movement, skills and social interactions through the services and clubs w8 offer. Charnwell opened ils doors to the wid&r public in July 2021, introducing access to 115 faGllrtles outside school hours. In the year under report Membershlp has grown to 3,000 as puplls from The Mileslone School altended the Centre during school hglid8y5 and weekends and access was provided for individuals and families from other special and molnstream schools across Glouceslershire. It has been a busy year Sn tèrms of providing the appropriate facilities for different use15 at tha appropriate lim88. Th8 cafe has, as a resull, In¢￿ased its opening lirnes due to the increase in demand. Th& workforce has grown further to include a café manager. adtnin5strallve support, receptionists, lil&guards to support thtsse in the pool, swim teachers Skilled in teaching chiklren with additional needs to dev8lop walei c(mfidence and swirn skllls, ther8P1818 laadlng th6 cllnlcal workloads and a fundraisgr. We are vgry proud lo be involved parlnershSps with other charities and agencies in order to make ourwork mor8 8ff8Ctlve. We look lo continue to grow OUT partnershlp arrangoments In conjunction with our usgfs. It has been a year both ol continuily and change &nd l am personally grateful lo the Trustees and $18ff lor their hard work during a diflicult perK)d. l am also grateful lo the leadership leam ol SAND who have been unfailingty courteous in our develoiing rÈlalionship. W8 8150 appreciate the enormous Contribution of our supporter5 and donors without whom the developwnent ol the Centre would not have been p055ible.' the growlng Confiden￿ of lh8 C8ntr8 15 a testament to their commitm8nt whKh, we Irusl, will bè furlher rewarded in future. meJ nel Trotter DBE CVO Trustee5 Pag8 2

THE CHAMWELL CENTRE CHARITY

(A company limited by guarantee)

TRUSTEES’ REPORT

The Trustees are pleased to present their Annual Report, together with the audited financial statements for the Company for the period 1 August 2022 to 31 August 2023. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the Company’s governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), effective 1 January 2019.

The Trustees have due regard to the Charity Governance Code and are aware of the latest update in 2020. We are in the course of building an advisory board to ensure we maintain equality, diversity and inclusion.

Objectives and activities

OUR AIM is to provide an innovative Centre which enables pupils of the Milestone School and SAND Academy, along with children, young people and adults throughout Gloucestershire, to fulfil their potential.

OUR VISION is to enhance the wellbeing of those with disability - how they feel, how they function on a personal and social level, and how they feel about their lives as a whole.

During a dynamic period, the Trustees have sought to retain a clear sense of purpose and alignment with the Centre’s original vision.

Increasingly we recognise the need to integrate the experiences of those with additional needs with their peers and within their families. The Centre provides a range of facilities which can promote the principles of a fully inclusive society, and this has been an important part of our work during the year.

We understand that we have a duty to report on the public benefit that we deliver under section four Charities Act 2011. Taking the Charities Commission’s guidance into consideration the Board of Trustees is satisfied that our public benefit requirements are met by providing access to facilities that enhance the wellbeing of those with disabilities and support community social gatherings.

The Chamwell Centre facilities include a hydrotherapy pool, poolside therapy, softplay, climbing wall, rebound therapy trampoline, multipurpose therapy and consulting rooms, a café, “changing places” bathroom and outdoor adventure playground.

The Centre offers a range of services. During the school day in term time the Centre offers Milestone pupils access to the facilities. Milestone is a Special School for children up to the age of 16 years: in excess of 320 pupils attend the school, many with life-limiting illnesses and a variety of disabilities. Milestone School pays for these services.

At other times – afternoons and evenings – other users can book into sessions for hydrotherapy, swim sessions, soft play and rebound therapy. Usage figures are as follows:

The café which offers a small range of food is increasingly well used by a range of users and it is becoming a community hub with able-bodied and disabled meeting for relaxation and play.

During the holidays when the school is not using the Centre a wider range of activities and events are offered and families are enjoying the special events and the ability to spend prolonged periods of time using the full range of activities.

Page 3

THE CHAMWELL CENTRE CHARITY

(A company limited by guarantee)

TRUSTEES’ REPORT

Overview of strategic decisions

The year has been one of considerable challenge. The consequences of the Pandemic and the energy crisis, and the resulting cost of living increases, have been significant and have affected the development of the Centre.

It became clear as the year progressed that income was not growing and that there were question marks over the sustainability of the Centre. It became increasingly clear that the Centre was unsustainable without significant change. Costs were high and not likely to decrease with ‘business as usual’ and the Trustees were considering the prospect of having to raise in excess of £400k annually from Trusts and Foundations to run the Centre. Given the fundraising climate this was not seen to be an achievable or productive aim. The Trustees also decided that the weight of raising funds should not fall directly on disabled children and their families as, very often, they do not have sufficient means to pay a market rate.

Therefore, it has been necessary to make changes and to review the organisation of the charity to ensure that it has a long-term future and can play its part in supporting children and families with additional needs. The Trustees undertook a comprehensive review of the Centre’s strategy and sustainability.

The Trustees decided to enter negotiations with the SAND with a view to SAND acquiring control of the Charity at the end of August 2023. The trustees concluded that there would be operating and financial benefits to this agreement and that in excess of £100k costs per annum could be saved, with this being a conservative estimate. The arrangements were reviewed by both parties and their respective Solicitors and was agreed by both Boards unanimously.

As a result of this arrangement, on 18 July 2023 SAND acquired The Chamwell Centre Charity for £Nil consideration and acquired control of the Charity. The previous Charity Trustee body stood down at this date, and a new Trustee body was appointed with SAND nominees being in the majority.

A Strategic and Operational Group has been formed from the previous Trustees of the Charity and they will interface with the Board and be responsible for developing a new strategic plan for the Centre: this will be signed off by the Board and other matters of concern will be reviewed jointly and resolved.

Overview of the Chamwell Centre operations and services

Chamwell has faced a number of challenges over the last year, including:

In view of these challenges:

Page 4

THE CHAMWELL CENTRE CHARITY

(A company limited by guarantee)

TRUSTEES’ REPORT

The not-for-profit sector is under increasing pressure in the current climate, but we have monitored and managed the operations of the charity to respond to these challenges. As a result of the action taken, we can continue to provide the following core services:

Page 5

THE CHAMWELL CENTRE CHARITY

(A company limited by guarantee)

TRUSTEES’ REPORT

ACHIEVEMENTS & PERFORMANCE

Finance Review

a. Going concern

The financial position is closely reviewed by the Trustees on a monthly basis where they review monthly management accounts and cashflow forecasts. The Charity offsets its operational and charitable activities through the receipt of donations and grants and the Charity continues to seek funding and has a number of grant applications in the pipeline. Additionally, each month the Trustees consider and review projected costs and capital works and make cost savings as and when required, based on performance against budget.

The Trustees remain up to date and are aware of the Charity’s performance and financial position and use this to determine the steps they ought to take whilst continuing to hold sufficient cash resources to meet its shortterm cashflow obligations. In addition to this, the Trustees have sought and received assurances from the parent entity, SAND Academies Trust, that financial support will be forthcoming for the next 12 months should this be required to enable to the Charity to trade and discharge its debts and liabilities as they fall due.

Based on the steps taken, the Trustees have a reasonable expectation that the Charity can continue in operational existence for at least 12 months from the approval of these financial statements and therefore continues to adopt the going concern basis in preparing its financial statements.

b. Income

The total amount raised for the period was £515,547 (2022: £389,488) .

c. Fundraising

The Trustees have concluded that Chamwell will always have a continuing need to raise funds from Trusts and Foundations. During the year under report a Fundraising Officer has been employed. Her initial task was to increase the Centre’s presence on social media and re-design the website. This was essential to attract more people to the Centre. This has produced increasing footfall and is likely to increase revenue. The next task is to attract funds from Trusts and Foundations, and this is seen as an increasingly urgent activity. We are grateful to those who have supported us and contributed funds during the year: their support has been crucial to our sustainability.

The Chamwell Centre Charity adopts the principles of the Funding Regulator Code of Practice and is cognisant of the Regulator’s complaints handling process. To date there are no complaints to report.

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THE CHAMWELL CENTRE CHARITY

(A company limited by guarantee)

TRUSTEES’ REPORT

d. Expenditure

The total amount of expenditure (excluding depreciation and amortisation) in the year was £516,583 (2022: £512,772).

Overall, costs have been contained within budget, continuing to benefit from the skills and abilities of the Board of Trustees to monitor costs and react to changes in circumstances.

e. Fixed Assets

The Centre is fully operational and is open for use. The Centre is complex to operate given the complexity of running a hydrotherapy pool and associated therapeutic facilities. The pool must be maintained at a high temperature and snagging problems have occurred.

No modern energy saving systems were incorporated into the original design. £20k has been secured from a Trust to install a heat retaining blanket. This will be fitted in February 2024 as a result of waiting for parts. The blanket will not only save cost in terms of water loss and evaporation but will lead to a reduction in the general temperature overnight, thus achieving savings.

The Trustees also commissioned an Equal Opportunities Audit to ensure it was compliant with good practice. This identified a number of shortcomings in the buildings. Fundraising will be required to achieve necessary improvements, for example, to the changing rooms.

As the period under review ended Chamwell agreed that senior staff from SAND could move into the Levinge Suite. This part of the building has been modified to accommodate office space and SAND is paying a nominal amount of rent per month. Additionally, the Bradbury Discovery Zone has been altered to create two additional rooms for training and therapeutic usage.

f. Funds

The excess of expenditure for the year was £1,036 (2022: £123,284) before depreciation and amortisation. The Charity has made significant inroads with regards to financial sustainability and this small operational deficit demonstrates the progress made to date, with the appointment of a professional fundraiser and operational cost savings we can reasonably expect this to further improve in the forthcoming financial year. At year-end total funds stand at £4,356,937 (2022: £4,497,120).

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THE CHAMWELL CENTRE CHARITY

(A company limited by guarantee)

TRUSTEES’ REPORT

g. Reserves Policy

The Charity has a reserves policy, set at 3 month’s forecast expenditure which is not too high to limit the amount that we spend on our charitable activities, or too low to risk being unable to run the Centre.

This assists with strategic planning and preparation of the budget to ensure sustainability of the operations. Our reserves policy is reviewed annually.

Based on forecast expenditure reserves are set at £90,000, against unrestricted free reserves as at 31 August 2023 of £74,353. The Charity is making inroads into increasing the level of reserves. With the appointment of a professional fundraiser who will generate income to cover core costs, and a reduction in the cost base overall from collaborative working with SAND Academies Trust, we expect the amount of unrestricted free reserves and the minimum funds requirement to be more aligned by the end of the financial year

h. Our Plans for the Future

The future will be full of challenge, as we and our members face the cost-of-living crisis and rising utility costs. Chamwell is fortunate in that it has negotiated contracts at fixed tariffs and has joined the SAND contract for electricity which is an extremely competitive contract as it is county wide. The gas contract will not expire until 2025.

Maintaining the hydrotherapy pool at a steady and warm 34°C along with the air temperature in the pool and changing rooms is essential to our services, but not without cost implications. To this end we will be installing a heat retaining pool cover in February 2024, which will not only save cost in terms of water loss and evaporation but will mean we can reduce the general temperature significantly overnight, thus achieving considerable savings.

We will continue to submit funding applications in order to deliver new clubs and services. The applications for which have been informed by our current and future users, who are looking for activities to enhance their wellbeing. We will focus on ensuring that these services can be delivered in the evenings, weekends and holidays – whilst the facilities are currently not being fully utilised. We will also work in partnership with Milestone School and SAND Academies Trust to ensure the sustainability and growth of our work for the benefit of those with additional needs and their families.

The Trustees are excited about the year ahead. We expect a significant increase in the use of the Centre outside of school hours particularly with the local community, and closer ties with the SAND Academy as we continue to build a strong team and develop additional services. The fundraising efforts are crucial to ensure sustainability and investment in our staff and services.

Monitoring and evaluating our programmes will provide valuable data to help develop these services, measure impact and support fundraising.

Major grant funding continues to be our main fundraising focus: there will be a need to continue to raise funds for on-going recurrent expenditure and for completing aspects of the building to ensure it is vibrant and reflects our ambitions.

During the year we secured funds to cover the costs of a fundraiser over the next two years, and secured grant funding of over £350,000 towards operational cost through to 2025. Elements of this funding are still to be received during 2023-2025.

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THE CHAMWELL CENTRE CHARITY

(A company limited by guarantee)

TRUSTEES’ REPORT

The new Board is aware of its responsibilities and the requirement to develop the Chamwell Centre in such a way that it will thrive for the benefit of its user into the future. It has the opportunity to be a pioneering Centre offering new and different opportunities for its primary users and doing this within a truly inclusive facility.

During the coming year the Trustees will:

STRUCTURE AND GOVERNANCE

a. Constitution

Governing documents

The governing document is the Memorandum and Articles of Association.

The Chamwell Centre Charity was registered with the Charity Commission in England and Wales on 19 June 2015 (Registered Number 1162321). Registration of The Chamwell Centre Charity with Companies House, in England and Wales, took place on 17 July 2015, Company Number 09692163.

During the period under report the governing body was the Board of Trustees. The Board is a body of volunteers with a broad range of skills and experience, especially in education and young people with special needs.

The Board reviews its membership and skill mix to ensure we maintain the right mix of skills, competencies, community representation and promote diversity. Currently the Board has significant experience across a range of professions to ensure it can transact its business efficiently.

The Board of Trustees is constituted and regulated in accordance with the governing document.

New members are elected based on the skills needed to complement the Trustee body, and their commitment to the charitable objectives of The Chamwell Centre Charity. Appointment is subject to satisfactory references and statutory checks. The Board of Trustees meets bi-monthly, determines the ongoing strategic direction of the Charity and regulates its administration and the management of its finances and assets.

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THE CHAMWELL CENTRE CHARITY

(A company limited by guarantee)

TRUSTEES’ REPORT

b. Board of Trustees – to 18 July 2023

The Board met monthly and at each meeting reviewed the finances and operations of the Centre. Details of the Trustees are noted below:

Chair

Dame Janet Trotter DBE CVO, was previously the Lord-Lieutenant of Gloucestershire (2010 – 2018) and has held numerous Trustee roles with charities in Gloucestershire as well as being Chair of the Gloucestershire Hospitals Foundation Trust (2002 – 2010).

Dr Marie Owen , a retired paediatrician from Gloucestershire Royal Hospital, with an interest in neurodevelopment, who has been a governor of The Milestone School since 2002; Trustee of the Pied Piper Appeal; Founder and former Chair of Trustees of the Nigel Hunter Nursery, a therapeutic playgroup for preschool children with special needs; Former Chair of Trustees of The Milestone Holiday Playscheme and The Forest of Dean Children’s Opportunity Centre. She was former paediatric consultant to the Chernobyl Children’s Project and National Paralympic medical assessor for RaceRunning.

Deputy Chair

Mr Brian Fothergill. BSC Hons; FBII, a retired retail business consultant with a long and varied experience of the hospitality and commercial utilities industries.

Construction, Design and Planning

Mr Chris Haslam is a retired chartered surveyor, businessman and director of a major regional development and property investment company. He has taken a lead, from the start of the project, on planning, design, construction, and business matters.

Mr Richard King is a chartered building surveyor with experience of development and refurbishment projects who has advised on building contracts, costs and standards: he has made regular inspections of the construction while it was in progress.

Business Planning

Mr John Banks is an accountant and businessman. He retired as managing partner of the Bristol office of a national firm of accountants.

Academic links and All Ability Sport and Athletics

Dr Natalie Campbell is a senior lecturer in Sport Science at the University of Gloucestershire, with an interest in all ability sport and athletics. She joined the Trustees in September 2017. Natalie has promoted student volunteering in the current hydrotherapy and Race Running programmes.

Dr Nicola Theis is a senior lecturer in Biomechanics at the University of Gloucestershire, overseeing research into the physical, physiological and psychological benefits of exercise for young people with physical disability. She has been involved in supervising student volunteer placements with The Chamwell Centre.

Education and ex officio Milestone Governor member of Trustees

Ms Katrina Hawkins is currently Chair of the Local Advisory Board for The Milestone School.Now retired from Education she worked across the field of Special Needs in Gloucestershire, Herefordshire and Oxfordshire.

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THE CHAMWELL CENTRE CHARITY

(A company limited by guarantee)

TRUSTEES’ REPORT

Mrs Lyn Dance OBE was CEO of SAND Academy Trust until 31 December 2022 and has been in special education for 40 years. She is also a School Improvement Partner and is committed to improving the education, leisure and life opportunities for children and adults with disabilities.

Ms Diane Taylor, Headteacher of The Milestone School, has over 25 years’ experience in a variety of SEND settings.

Mr Roger Deekes is Vice Lord-Lieutenant of Gloucestershire with a particular background in health and education and has been a college governor and chair and head of school at the university of Bristol. He is a trustee of Forest Voluntary Action Forum and works with a number of schools on heritage and creative arts.

Ms Liz Kearney trained in Hungary to be a Conductor and then went onto study a master’s in special education at Oxford University. Liz has worked in Special Education throughout her life up to Assistant Head level and is currently working part time at two SAND academies, Paternoster and Milestone Schools.

Health Sector

Mr Chris Creswick is a Chartered Fellow of the IPD and held board level roles in major food companies. His later career has embraced roles as a chair of a health authority acute hospital trust and PCT.

Ms Katie Norton lives in Gloucestershire and has over 30 years’ experience working in the NHS, local government and private and not-for-profit sectors.

Business expertise

Mrs Derinda Theis was involved in the start-up of a business which became a very successful medium size business as operations director. The role covered most areas of a business including HR, finance, customer services, logistics and administration. She was also project manager when the business expanded its services to different areas of the country, so liaising with contractors in refitting new premises.

c. Board of Trustees – post 18 July 2023

The Board met bi-monthly and at each meeting reviewed the finances and operations of the Centre.

Details of the Trustees are noted below:

Chair Dame Janet Trotter DBE CVO , was previously the Lord-Lieutenant of Gloucestershire (2010 — 2018) and has held numerous Trustee roles with charities in Gloucestershire as well as being Chair of the Gloucestershire Hospitals Foundation Trust (2002 — 2010).

Ms Katie Norton lives in Gloucestershire and has over 30 years’ experience working in the NHS, local government and private and not-for-profit sectors.

Mr Martin Hughes lives in Gloucestershire and is the CEO of SAND Academies Trust and has years of experience working within the charity sector with a with a thorough understanding of strategic planning, developing fundraising programmes and bringing in new sources of income, charity accounting and liaising with Public and Government funding sources.

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THE CHAMWELL CENTRE CHARITY

(A company limited by guarantee)

TRUSTEES’ REPORT

Mrs Lynn Campbell-Davies lives in Gloucestershire and has years of experience within operations and has held roles within the commercial sector which include Regional Operations Manager for Ikea, Regional Operations Manager for M&S Home Delivery and being part of the Senior Leadership Team responsible for long term planning and day to day running of a distribution centre. Project delivery, people and resolution management and P&L ownership, along with a passion for people were the key areas of focus for Lynn over a period of 12 years.

Miss Louise Morgan lives in Gloucestershire and has over 10 years’ experience of working within Schools Finance both independent, mainstream and academies.

d. Insurance details

Directors Indemnity cover the Trustees have ensured that the Charity is fully insured against all current potential risks including:

Employers Liability - £10m; Public and Products Liability - £5m; Charity Trustees Management Liability - £1m; Cyber Liability - £50k.

e. Recruitment and training of Trustees

New Trustees are recruited by personal recommendation, external references, and an interview with the Board, in accordance with Charity Commission guidance CC30. They are inducted in the workings of The Chamwell Centre Charity, including Trustee policies and procedures.

Members of the Board of Trustees attend external trustee training and information courses to keep them informed of current issues in the sector and regulatory requirements. All are encouraged to remain up to date with the Charity Commission guidance on governance and trusteeship.

f. Organisational structure and decision making

Members of the Board of Trustees meet six times a year. Individual Trustees who are represented on the subcommittees report to the Board.

Members of the Board of Trustees receive no remuneration or benefits from their trusteeship of the Charity.

Trustee meetings follow a prearranged agenda and minutes are recorded and reviewed.

All trustees are inducted in the Charity Commission guidance on trusteeship and good governance. The Charity is aware of the Charity Code of Governance and is working towards incorporation of the Code in its governance practice, using the Charity Code of Governance assessment tool.

Trustees have carried out the roles of secretary, treasurer, planning and design co-ordinator, fundraising, grant applications and supervision of all ability athletics.

Other volunteers have assisted with policy development, clerical activities, accounts, all-ability athletics coaching and fundraising.

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THE CHAMWELL CENTRE CHARITY

(A company limited by guarantee)

TRUSTEES’ REPORT

g. Risk Management

The Board of Trustees is committed to protecting the safety and wellbeing of its staff, clients. Volunteers, visitors and Trust’s assets and reputation.

The Trust faces a number of risks and has, during the period of review, ensured that its vulnerable clients have the best conditions in which to operate. Staff are trained to ensure they comply with Health and Safety Regulations. The hydrotherapy pool is monitored periodically during the day to ensure it is appropriately heated and that the pool is chemically fit for purpose.

With regard to risk associated with Staff, an Induction programme has been introduced and a new Employee Handbook was developed in-year: this is reviewed regularly.

The Board has, as noted above, particularly focused in-year on the long-term financial sustainability of the Trust and considered seriously the risks of not taking decisive action with regard to the Centre’s future. The governance changes respond to this and indicate that the Trustees have taken identified risk very seriously.

With regard to Cyber Security, including the risk of Third Parties breaching the website/internal records, the Trust works with Module IT and The Lines Group which are contracted to protect and support the Charity. However, going forward SAT will be providing cover for this area via the Central IT Team.

HR People Support is available and on-hand to assist with People issues.

The Charity also follows NCVO Guidance on Trusted Charity indicators covering all key risks areas. The key indicators are: -

Developing a new risk register is a task for the next reporting period and mitigation arrangements will also be developed.

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THE CHAMWELL CENTRE CHARITY

(A company limited by guarantee)

TRUSTEES’ REPORT

Information on fundraising practices

The fundraising efforts are now focused on the operational running costs of the Centre. Whilst we had a good initial response to our direct fundraising campaign in 2021 from our existing supporters, we found this challenging due to the coronavirus pandemic - many funders continued to support their existing charities and, as a new operation, Chamwell struggled.

We have invested in technology including a customer relationship management tool which is under reconstruction to allow the team to get the best from the system.

During the year Chamwell employed its own fundraising officer who has started good work getting Chamwell known within the community.

The Chamwell Centre Charity adopts the principles of the Funding Regulator Code of Fundraising Practice, and we are cognisant of the regulator’s complaints handling process. To date there are no complaints to report.

We aim to be legal, open, honest and respectful – taking into account the needs of any possible donor who may be in a vulnerable circumstance or need extra care and support.

We have a Safeguarding Policy, ratified by the Board of Trustees, for the safe and professional management of children and vulnerable adults.

The Chair of Trustees leads on the fundraising strategy and is mindful of the Charity Commission’s guide to fundraising.

Guided visits to the school and the Centre during the build stage were especially successful in generating funds and support. We continue to showcase Chamwell to potential donors and benefactors, enabling them to see first-hand the positive impact of the Chamwell Centre for the children and young adults who use our facilities.

Having achieved our capital build target through grant applications and donor fundraising, we are now focused on raising funds for the operation of the building and delivery of activities and programmes. The new and vibrant Chamwell Centre website is a key component of our fundraising activities.

Page 14

THE CHAMWELL CENTRE CHARITY IA company Ilmlted by guarantee) TRUSTEes' REPORT STATEMENT OF TRUSTEE'S RESPONSIBILITIES The Trustees (who are also directors of The Chamwell Centre Charity lor the purpos8s ol company lawl are responsible lor preparing the Trustees. Annual Report and the financlal siaiement5 in accordance wlth applicable law and United Kingdom Generally Accepted Accountlng Practice (United Kingdom A¢￿untIng Standards). Company law requires the Tru51ees to prepare financial statements lor each linanclal year. Under cotnpany law the Tru518Bs must not approve the finanel31 ststern8nls unless Ih8y aro satisfied that they give a Irue and falr view of the st8t8 of affairs of the charitable cotnpany and of Ihe ￿COmIng reswrces and application of resources, includin9 the Income and expenditure. of thè charitable company for that per￿d. In preparing these financial statemènts, the Trust6es are required to.. select suitable accountirvj policies and then apply them conslslently.. observe the methods and prirKiples in the Charities SORP., make judgements arKI estlmates that a￿ reasonable and prudent., state whether applicablè UK accountlng standard5 have been followed, subjecl to any rnaterial departures discbsÈd and explain&d in the financial slatemenls., and prepare the financSal statements on the going concern basis unless it is inappropriate to presume that thè charil8blè company wfll continue in business. The Trustees 3r& responsible for keeping ad8qUate accounting records that are sufftcienl to show and explaln the charitab18 company's Ir8nsactions. disclose with reasonable accuracy at any time the fSnancial posiiion of the charitable company and enable them to ensurè that the financial statement5 comply with the Companie8 Act 2006 and the provisions of the charity's constilutiw. They are also re5ponslble for safeguarding the assets of the charbty and henco for taking reasonable steps for the preventitsn and del8Ctiox) of Iraud and other Dlsclosure of Informatlon to Audllor Each ol the persons who are Trustees al the lime when this Trusteelrepori is 8pproved has confirmed that.. so far as that Trusteè Is aware, there is no relevant audit inlormallon of whlch th& eharitsbl8 company's auditor is unaware. and that Trustee has laken all the stgps that ought lo have been taken as a Trustee In order lo b8 awa￿ ol any relevant audit information and lo establish Ihal the charitsble company's audilor is aware of that information. This rèport was apprtsved by the Trustees on 28 February 2024. Signed on their behalf by Dame anet Trotter DBE CVO r of Trustees Page 15

THE CHAMWELL CENTRE CHARITY

(A Company Limited by Guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CHAMWELL CENTRE CHARITY

Opinion

We have audited the financial statements of The Chamwell Centre Charity (the 'charitable company') for the period ended 31 August 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 16

(A Company Limited by Guarantee)

THE CHAMWELL CENTRE CHARITY

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CHAMWELL CENTRE CHARITY (CONTINUED)

Other information

The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's Report thereon. The Trustees are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires to report to you if, in our opinion:

Page 17

(A Company Limited by Guarantee)

THE CHAMWELL CENTRE CHARITY

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CHAMWELL CENTRE CHARITY (CONTINUED)

Responsibilities of Trustees

As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, the Charities Act 2011 together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charity’s ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charity and the group for fraud. The laws and regulations we considered in this context were General Data Protection Regulation and health and safety legislation.

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be within the timing of recognition of grant income and the override of controls by management. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission, reading minutes of meetings of those charged with governance and detailed testing of a sample of grants receivable.

Page 18

THE CHAMWELL CENTRE CHARITY

(A Company Limited by Guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE CHAMWELL CENTRE CHARITY (CONTINUED)

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing noncompliance and cannot be expected to detect non-compliance with all laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's Report.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Guy Biggin (Senior Statutory Auditor) for and on behalf of Crowe U.K. LLP Statutory Auditor Fourth Floor St James House St James' Square Cheltenham GL50 3PR

Date: 29 February 2024

Page 19

THE CHAMWELL CENTRE CHARITY

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD ENDED 31 AUGUST 2023

Note
Income from:
Donations and grants
4
Charitable activities
5
Other trading activities
6
Total income
Expenditure on:
Raising funds
Charitable activities
7
Total expenditure
Net (expenditure)/income
Transfers between funds
17
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2023
£
249,255
174,580
43,440
467,275
57,979
531,078
589,057
(121,782)
20,000
(101,782)
4,341,425
(101,782)
4,239,643		 Restricted
funds
2023
£
48,272
-
-
48,272
-
66,673
66,673
(18,401)
(20,000)
(38,401)
155,695
(38,401)
117,294		 Total
funds
2023
£
297,527
174,580
43,440
515,547
57,979
597,751
655,730
(140,183)
-
(140,183)
4,497,120
(140,183)
4,356,937		 Total
funds
2022
£
202,875
136,333
50,280
389,488
111,644
539,250
650,894
(261,406)
-
(261,406)
4,758,526
(261,406)
4,497,120

The notes on pages 24 to 42 form part of these financial statements.

Page 20

THE CHAMWELL CENTRE CHARITY (A Company Limited by Guarantee) REGISTERED NUMBER: 09692163

BALANCE SHEET AS AT 31 AUGUST 2023

Note
Fixed assets
Intangible assets
12
Tangible assets
13
Investments
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors: amounts falling due within one
year
16
Net current assets
Total net assets
Charity funds
Restricted funds
17
Unrestricted funds
17
Total funds		 44,270
169,069
213,339
(43,983)		 31 August
2023
£
22,289
4,165,290
2
4,187,581
169,356
4,356,937
117,294
4,239,643
4,356,937		 122,729
250,308
373,037
(148,843)		 31 July
2022
£
28,054
4,244,870
2
4,272,926
224,194
4,497,120
155,695
4,341,425
4,497,120

Page 21

THE CHAMWELL CENTRE CHARITY (A Company Limiled by Guarantee REGISTERED NUMBER: 09692163 BALANCE SHEET ICONTINUEDI AS AT 31 AUGUST 2023 The Twstees acknowledge their responsibilities for cornplying wilh Ihe ￿quIrementS of the Acl with respect lo atcounting records and preparation of finÈnei81 slatemenls. The finan¢ial slat8m&nts have been prepared in accordance with the provisions applicab￿ to entikn'es subject to the small companies iegime. The financial stalemenls were approved and aulhorised lor issue by the Trusleg5 and signed on their b&half by.. me anet Trotter DBE CVO Ch f Truslees Date.. 28 February 2024 The notes on pages 24 10 42 form part of these finandal statements. Page 22

THE CHAMWELL CENTRE CHARITY

(A Company Limited by Guarantee)

STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 AUGUST 2023

Note
Cash flows from operating activities
Net cash provided by operating activities
19
Cash flows from investing activities
Purchase of intangible assets
Purchase of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in the period
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period
20
The notes on pages 24 to 42 form part of these financial statements		 2023
£
(21,782)
(2,927)
(56,530)
(59,457)
(81,239)
250,308
169,069		 2022
£
(7,331)
(10,018)
(12,578)
(22,596)
(29,927)
280,235
250,308

Page 23

THE CHAMWELL CENTRE CHARITY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

1. General information

The Chamwell Centre Charity was incorporated in England and Wales as a company limited by guarantee (registered no. 09692163) and has no share capital. The Chamwell Centre Charity is also a registered charity with the Charity Commission, in England and Wales (registered no. 1162321).

The liability of members in the event of winding up is limited to an amount not exceeding £1 per member; the number of members as at 31 August 2023 was four.

The Chamwell Centre Charity has a wholly owned subsidiary which has not been consolidated on the basis that it is dormant.

The registered and principal office is The Milestone School, Longford Lane, Gloucester, Gloucestershire, GL2 9EU.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Companies Act 2006 and the Charities Act 2011.

The Chamwell Centre Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The financial position is closely reviewed by the Trustees on a monthly basis where they review monthly management accounts and cashflow forecasts. The Charity offsets its operational and charitable activities through the receipt of donations and grants and the Charity continues to seek funding and has a number of grants in the pipeline.

Additionally, each month the Trustees consider and review projected costs and capital works and make cost savings as and when required, based on performance against budget.

The Trustees remain up to date and are aware of the Charity’s performance and financial position and use this to determine the steps they ought to take.

In addition to this, the Trustees have sought and received assurances from the parent entity, SAND Academies Trust, that financial support will be forthcoming for the next 12 months should this be required to enable to the Charity to trade and discharge its debts and liabilities as they fall due.

Based on the steps taken, the Trustees have a reasonable expectation that the Charity can continue in operational existence for at least 12 months from the approval of these financial statement and therefore continues to adopt the going concern basis in preparing these financial statements.

Page 24

(A Company Limited by Guarantee)

THE CHAMWELL CENTRE CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

2. Accounting policies (continued)

2.3 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management carried out at Headquarters.

Costs of raising funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the Charity's operations, including support costs and costs relating to the governance of the Charity apportioned to charitable activities.

All expenditure is inclusive of irrecoverable VAT.

2.5 Intangible assets and amortisation

Intangible assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Intangible assets are initially recognised at cost and are subsequently measured at cost net of amortisation and any provision for impairment.

Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.

Amortisation is provided on the following basis:

Website development - 20 % Straight line

Page 25

THE CHAMWELL CENTRE CHARITY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

2. Accounting policies (continued)

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £1,000 or more are capitalised.

Assets in the course of construction are included at cost. Depreciation on these assets is not charged until they are brought into use.

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Long-term leasehold property - 2% - 5% Equipment - 20% - 33%

2.7 Investments

Investments in subsidiaries are valued at cost less provision for impairment.

2.8 Debtors

Other debtors and accrued income are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

2.11 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.12 Taxation

As a registered Charity, The Chamwell Centre Charity is entitled to tax exemptions on all of its income and gains, properly applied for its charitable purposes.

2.13 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the period.

Page 26

(A Company Limited by Guarantee)

THE CHAMWELL CENTRE CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

2. Accounting policies (continued)

2.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements.

2.15 Volunteers

Please see the Trustees Report for details of the role of our volunteers and the nature of their contribution.

3. Critical accounting estimates and areas of judgement

Preparation of the financial statements requires management to consider making any significant judgements and estimates where necessary. The items in the financial statement where these judgements and estimates have been made include:

Critical accounting estimates and assumptions:

Grant income is recognised in the Statement of Financial Activities when there is sufficient evidence to demonstrate that it is Probable, Measurable and that there is Entitlement.

Page 27

THE CHAMWELL CENTRE CHARITY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

4. Income from donations and grants

Unrestricted
funds
2023
£
Donations
70,355
Grants
178,900
249,255
Unrestricted
funds
2022
£
Donations
90,319
Grants
35,350
125,669		 Restricted
funds
2023
£
5,858
42,414
48,272
Restricted
funds
2022
£
7,206
70,000
77,206		 Total
funds
2023
£
76,213
221,314
297,527
Total
funds
2022
£
97,525
105,350
202,875

5. Income from charitable activities

Unrestricted
funds
2023
£
Income from charitable activities - Accessible facilities including hydro-
therapy pool
174,580
Unrestricted
funds
2022
£
Income from charitable activities - Accessible facilities including hydro-
therapy pool
136,333		 Total
funds
2023
£
174,580
Total
funds
2022
£
136,333

Page 28

THE CHAMWELL CENTRE CHARITY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

6. Income from other trading activities

Income from non charitable trading activities

Unrestricted
funds
2023
£
Café
40,510
Courses & venue hire
2,930
43,440
Unrestricted
funds
2022
£
Café
47,985
Courses & venue hire
2,295
50,280		 Total
funds
2023
£
40,510
2,930
43,440
Total
funds
2022
£
47,985
2,295
50,280

7. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2023
£
Accessible facilities including hydro-therapy pool
531,078
Unrestricted
funds
2022
£
Accessible facilities including hydro-therapy pool
387,872		 Restricted
funds
2023
£
66,673
Restricted
funds
2022
£
151,378		 Total
2023
£
597,751
Total
2022
£
539,250

Page 29

(A Company Limited by Guarantee)

THE CHAMWELL CENTRE CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

8. Analysis of expenditure by activities

Accessible facilities including hydro-therapy pool
Accessible facilities including hydro-therapy pool		 Activities
undertaken
directly
2023
£
312,725
Activities
undertaken
directly
2022
£
232,345		 Support
costs
2023
£
285,026
Support
costs
2022
£
306,905		 Total
funds
2023
£
597,751
Total
funds
2022
£
539,250

Page 30

(A Company Limited by Guarantee)

THE CHAMWELL CENTRE CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

8. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Depreciation & Amortisation
Construction consultancy costs
Legal and professional
Pool facilities maintenance		 Total
funds
2023
£
85,043
139,147
1,203
14,501
72,831
312,725		 Total
funds
2022
£
57,909
138,122
4,881
2,353
29,080
232,345

Analysis of support costs

Staff costs
Travel and equipment
Auditor's fee
Accountancy fees
Legal and professional
Insurance
Bank charges and interest
General expenses
Chamwell website associated costs
Software support
Rates and water
Light and heat
Site management		 Total
funds
2023
£
150,180
5,879
-
11,193
430
6,613
6,538
18,459
1,431
8,451
26,405
34,900
14,547
285,026		 Total
funds
2022
£
129,969
5,376
8,002
9,400
1,503
7,617
606
22,162
1,356
7,788
41,711
24,713
46,702
306,905

During the year ended 31 August 2023, the Charity incurred the following Governance costs: Auditor's fees £8,500 (2022: £8,002).

Page 31

(A Company Limited by Guarantee)

THE CHAMWELL CENTRE CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

9. Auditor's remuneration

2023 2022
£ £
Fees payable to the Charity's auditor for the audit of the Charity's annual
accounts 7,000 5,600
Fees payable to the Charity's auditor in respect of:
All non-audit services not included above 1,500 2,402

10. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2023
£
239,847
16,277
3,601
259,725		 2022
£
215,163
15,548
3,429
234,140

The average number of persons employed by the Company during the period was as follows:

Administration
Café
Lifeguards
Aquatherapy		 2023
No.
6
2
10
7
25		 2022
No.
4
3
7
5
19

No employee received remuneration amounting to more than £60,000 in either year.

Key management personnel received remuneration in the year totalling £108,807 (2022: £139,985) . Key management personnel includes Centre Manager, Financial Controller and Café Manager.

11. Trustees' remuneration and expenses

During the period, no Trustees received any remuneration or other benefits (2022: £NIL) .

During the period ended 31 August 2023, no Trustee expenses have been incurred (2022: £NIL) .

Page 32

THE CHAMWELL CENTRE CHARITY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023
12.
Intangible assets
Cost
At 1 August 2022
Additions
At 31 August 2023
Amortisation
At 1 August 2022
Charge for the year
At 31 August 2023
Net book value
At 31 August 2023
At 31 July 2022		 Website
development
£
41,318
2,927
44,245
13,264
8,692
21,956
22,289
28,054

Page 33

THE CHAMWELL CENTRE CHARITY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

13. Tangible fixed assets

Cost
At 1 August 2022
Additions
At 31 August 2023
Depreciation
At 1 August 2022
Charge for the period
At 31 August 2023
Net book value
At 31 August 2023
At 31 July 2022		 Long-term
leasehold
property
£
4,333,860
45,618
4,379,478
208,722
93,349
302,071
4,077,407
4,125,138		 Equipment
£
171,854
5,257
177,111
63,990
33,735
97,725
79,386
107,864		 Fixtures and
fittings
£
16,857
-
16,857
4,989
3,371
8,360
8,497
11,868		 Total
£
4,522,571
50,875
4,573,446
277,701
130,455
408,156
4,165,290
4,244,870

Page 34

THE CHAMWELL CENTRE CHARITY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

14. Fixed asset investments

Cost or valuation
At 1 August 2022
At 31 August 2023
Net book value
At 31 August 2023
At 31 July 2022		 Investments
in
subsidiary
company
£
2
2
2
2

Principal subsidiary

The following was a subsidiary undertaking of the Company:

Name Company Registered office or principal Class of Holding
number place of business shares
Chamwell Development and 10098865 The Milestone School, Longford Ordinary 100%
Trading Limited Lane, Gloucester, England, GL2
9EU

The financial results of the subsidiary for the period were:

Name Net assets
£
Chamwell Development and Trading Limited 2

Chamwell Development and Trading Limited is a dormant entity and had no trading activity during this or the prior year.

Page 35

THE CHAMWELL CENTRE CHARITY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

15. Debtors

Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 31 August
2023
£
2,029
23,574
12,421
6,246
44,270		 31 July
2022
£
24,349
-
50
98,330
122,729

16. Creditors: Amounts falling due within one year

Trade creditors
Amounts owed to group undertakings
Other taxation and social security
Other creditors
Accruals		 31 August
2023
£
10,404
5,654
9,035
3,768
15,122
43,983		 31 July
2022
£
25,720
-
5,756
101,336
16,031
148,843

Page 36

THE CHAMWELL CENTRE CHARITY (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

17. Statement of funds

Statement of funds - current period

Balance at 1
August 2022
£
Unrestricted funds
Designated funds
Designated Funds - all funds
4,244,870
General funds
General Funds - all funds
96,555
Total Unrestricted funds
4,341,425
Restricted funds
Tewkesbury Borough Council
-
Pied Piper playdays
20,000
Gloucestershire Association for
Disability
-
Thomas Wall Trust
5,000
Midcounties Co-op
872
Active Gloucestershire
-
Painswick Golf Club
-
Gloucestershire Community
Foundation
-
Gloucestershire County Council
-
The National Lottery
-
St James's Place
56,284
Gloucestershire Disability Fund
2,500
Sense
1,039
Barnwood Trust
70,000
155,695
Total of funds
4,497,120		 Income
£
-
467,275
467,275
992
-
2,500
-
-
8,877
2,500
20,000
7,000
3,358
-
-
-
3,045
48,272
515,547		 Expenditure
£
(130,455)
(458,602)
(589,057)
(812)
-
(2,030)
-
-
(7,121)
(2,500)
-
(7,000)
(160)
(36,460)
(2,500)
(919)
(7,171)
(66,673)
(655,730)		 Transfers
in/out
£
50,875
(30,875)
20,000
-
(20,000)
-
-
-
-
-
-
-
-
-
-
-
-
(20,000)
-		 Balance at
31 August
2023
£
4,165,290
74,353
4,239,643
180
-
470
5,000
872
1,756
-
20,000
-
3,198
19,824
-
120
65,874
117,294
4,356,937

Page 37

(A Company Limited by Guarantee)

THE CHAMWELL CENTRE CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

17.
Statement of funds (continued)
Statement of funds - prior period
Balance at
1 August 2021
£
Unrestricted funds
Designated funds
Designated Funds
4,362,150
General funds
General Fund
189,243
Total Unrestricted funds
4,551,393
Restricted funds
Pied Piper playdays
20,000
Gloucestershire Association for
Disability
7,000
Thomas Wall Trust
5,000
Maria Marina
3,057
Midcounties Co-op
2,000
Active Gloucestershire
2,500
The National Lottery
75,146
Defibrillator
-
St James's Place
80,000
Gloucestershire Disability Fund
2,500
National Lottery Youth Grant
9,930
Sense
-
Barnwood Trust
-
Pension reserve
-
207,133
Total of funds
4,758,526		 Income
£
-
312,282
312,282
-
-
-
-
-
-
-
500
-
-
-
5,234
70,000
1,472
77,206
389,488		 Expenditure
£
(129,858)
(394,892)
(524,750)
-
(7,000)
-
(3,057)
(1,128)
-
(75,146)
(500)
(23,716)
-
(9,930)
(4,195)
-
(1,472)
(126,144)
(650,894)		 Transfers
in/out
£
12,578
(10,078)
2,500
-
-
-
-
-
(2,500)
-
-
-
-
-
-
-
-
(2,500)
-		 Balance at
31 July 2022
£
4,244,870
96,555
4,341,425
20,000
-
5,000
-
872
-
-
-
56,284
2,500
-
1,039
70,000
-
155,695
4,497,120

Page 38

THE CHAMWELL CENTRE CHARITY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

17. Statement of funds (continued)

Purpose of designated funds:

Designated funds represent fixed assets, which consists of The Chamwell Centre and all additional components. The costs associated with fixed asset additions are recorded as transfers into the designated fund.

Purpose of restricted funds:

The transfer of restricted funds relates to the fulfilment of restricted capital projects.

Page 39

(A Company Limited by Guarantee)

THE CHAMWELL CENTRE CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

18. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted
funds
31 August
2023
£
Tangible fixed assets
4,165,290
Intangible fixed assets
22,289
Fixed asset investments
2
Current assets
96,045
Creditors due within one year
(43,983)
Total
4,239,643
Analysis of net assets between funds - prior period
Unrestricted
funds
31 July
2022
£
Tangible fixed assets
4,244,870
Intangible fixed assets
28,054
Fixed asset investments
2
Current assets
217,342
Creditors due within one year
(148,843)
Total
4,341,425		 Restricted
funds
31 August
2023
£
-
-
-
117,294
-
117,294
Restricted
funds
31 July
2022
£
-
-
-
155,695
-
155,695		 Total
funds
31 August
2023
£
4,165,290
22,289
2
213,339
(43,983)
4,356,937
Total
funds
31 July
2022
£
4,244,870
28,054
2
373,037
(148,843)
4,497,120

Page 40

(A Company Limited by Guarantee)

THE CHAMWELL CENTRE CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

19. Reconciliation of net movement in funds to net cash flow from operating activities Reconciliation of net movement in funds to net cash flow from operating activities Reconciliation of net movement in funds to net cash flow from operating activities
31 August 31 July
2023 2022
£ £
Net expenditure for the period (as per Statement of Financial Activities) (140,183) (261,406)
Adjustments for:
Depreciation and amortisation charges 139,147 138,122
Decrease/(increase) in debtors 78,459 94,097
Increase/(decrease) in creditors (99,205) 21,856
Net cash used in operating activities (21,782) (7,331)
20. Analysis of cash and cash equivalents
31 August 31 July
2023 2022
£ £
Cash in hand 169,069 250,308
Total cash and cash equivalents 169,069 250,308
21. Analysis of changes in net debt
At 1 August At 31
2022 Cash flows August 2023
£ £ £
Cash at bank and in hand 250,308 (81,239) 169,069

Page 41

THE CHAMWELL CENTRE CHARITY

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 AUGUST 2023

22. Pension commitments

The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £3,601 (2022: £3,429) . The balance payable to the fund at the balance sheet date totalled £1,748 (2022: £1,234) and is included in creditors.

23. Operating lease commitments

At 31 August 2023 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 31 August
2023
£
2,143
331
2,474		 31 July
2022
£
4,600
2,474
7,074

24. Related party transactions

The The Chamwell Centre Charity has not entered into any related party transaction during the period, nor are there any outstanding balances owing between related parties and the The Chamwell Centre Charity at 31 August 2023.

The Charity has taken advantage of the exemption available under FRS 102 from disclosing transactions with entities that are wholly owned within the same group.

25. Controlling party

On 18 July 2023 SAND Academies Trust acquired The Chamwell Centre Charity.

SAND Academies Trust, incorporated in England and Wales, as a company limited by guarantee (company number 11968610) and an exempt charity, is regarded by the Trustees as being the charity's ultimate parent company.

This is by virtue of SAND Academies Trust acquiring the assets and liabilities for £Nil consideration, and by virtue of common control of the Trustees.

SAND Academies Trust consolidated financial accounts are available for public inspection on the Companies House website.

Page 42