ST NEOTS AQUATIC AND LEISURE CIO UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 STREETS CHARTERED ACCOUNTANTS
ST NEOTS AQUATIC AIID LEISURE CIO Trust94s' R•port 9-17
ST NEOTS AQUA fv)ID LEISURE CIO REFERENCE lD ADMINISTRATNE DEYMLS OF THE CHARrTY, frs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECHABER 2020 Tfust••s MrLEF ktrs C J Gfegson (res•Jned 13 20201 tr I P Ta0, Treaswer MrRITa Mr G Shirreffs (res][ e jary 2021) nUMr 1168W6 Prlncipal •>fflco Eynesry St Neots PE19 2GE ChartetEd Accknts Greal North Road Wyboston Bedtor MK44 38Z Lk)yds Bank r PO Box l((K) BX11LT Natsl Westmw Bank plc 37 High Street PE19 18P
sr NEOTS AQUATIC AND LEISURE CIO Leigjre CIO the year from 1 Juary 2020 to 31 Derxll 2020. ObJoth•s and actlvities The tharftys objeci to prrynote ts Ihe benefft of the inhabitants of St Ng)ts and the surrnunding area. Ihe provision of facilibes for rlOn, partiatsr aquats faClI1eS lsure time ctujpation of iThlMduabs In sett obiectives and pknning ts thes. the Trustees have given con5Kfjeration to generol guida Publish by the Chaiity Cc#nmission re18th to txth ttnefiL i1KJdb the guanCe 'Puth bor. rurffting a charity (PB2)'. (a) It is wDrkirwJ th Wdfious cwatss to lease part of the dd ouldow F¥x4 ID Stm, cbrIdgeSrn ID develop a swimming (c) It is developing anS for a ssh pat on the sile of the obj tdOor site a. Maln xhIevents of the ¢harKy ongoing discussions being requred to ty to obtain the necessary financ1 support kn cowar istruCtIon costs. The lease of land fof the TeTrPin BovAirKJ Centre thrrAQut the spar. but trustees agreed not to consider this decisi to hety [ffese lh8 I01M Yiabthty of Eat'n. BA whKh will. in lum, be of benefit to St Neots Tovm Coun1 is custcrfian trustee for St Neots SVmMIrj Pool Trust and, in accxjrdance *ith the tems
TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEIABER 2020 Finanelal . Golng con¢orn resources to CA[nue in operational existence for the foreseeable future. As rted in eartter. the tnJste2s granted Eat 'n' Bo%1 a rent free permyj ¥thdst it ¥5 una)le to trade as a feyJlt of the ctxonavinjs pandemi and donations. There are minima l¥vati co al the presenl and au ld5 w8rated from the rent of c. Fundraislng sought for the future devebpment cl the stte. There is rK) inteniTh to use profes&(Nl fuAr at the present St Neots Aquatic Leisure CIO Is a re charity. 116. aThl is Qinsti1 under a Trust The charitys Ihe CIO F(xjaI 1n1baY rwllred the ( to have a minimum of 3 ar a max6mum of 12 trustees. at least one trtee belry over 18 years of age. St Neots Ttyp Cound wtas ab The charivs trustees have been appointed in to estat4i8h r¥¥Je of rwiired to ovThe
TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 enable the develop¥nent of the clwiirfs f31iTrties. {a) at a meettng of the charÉtytrustses' or dUrnent or several documents c(mtainiFYJ the text of resdulion Trn Ike fomi to each of which one cff more on or before hi5 or her first appryntsnentr. The thjstees have assessed the majLY rtsks lo Ihe charity is exp)wJ. n partithr those related to the Plans for fuluY• perSods
sr NEOTS AQUATIC AND LEISURE CIO TRUSTEES REPORT (COPfflNUED) FOR THE YEAR ENDED 31 DECEMBER 2020 The Trustees are responslble for preparw¥J the Trustees, Report and the finanoal stalements in aGcordance with applicable law and United Accnting Standts (United Kiru(th Generally Awted AcCjntifig The law apprtrte to (knrilies in Ertynd & Ws requires the Tntslees to weparE financial statements for each finanaal vknith gwwe a aThJ fair view of the state of affairyJ of the charity and of its incomww resources observe the meth(xls and pri of the Charthes SORP {FRS 102); make judgments and accountiro 8stimates that are reascfsable and tnt. stste applicat4e UK ACc(Ajnti Standarts {FRS 102) have folowed, ect to any matwi departures dÉsdosed and explained in Ihe financial statements; The Trustees are responsible for keepiThJ 8dequats accourtng records that are sufficient to show and explain charitys transaGlions and dtsclose vrith feasable aLYJJf8cy at any ttme the finala1 position of the charity (Accounts and Rewrts) RegulaItor 2W8 arml the wovisions of the Tnjst deed. They are also reSps[ble for sats3uarding the assets of the charity aThJ takitvj reasonable steps for the pren11 and detection of Mr M H Marks. MBE CEng Chalr l)ate: £1 t•1 I Mr I P Taylor
sr NEOTS AQUATIC AMD LEISURE CIO STATEMENT OF FINANCIAL ACTIVFnES FOR THE YEAR ENWI 31 DECEMBER 2020 furtds funds 2020 funds 2020 fvnds 2019 DonatIcS and 6219 6219 12.C 515 297 Totsl incomo and 0ndOn Expanditure on: Charitable activilies 13,516 13.516 12,611 2,ffl2 2.012 1,962 TO expondlturo 1012 2,012 1,962 Net movement in funds 11,504 11,504 10,649 Total funds brougm forward Nel movement in funds 1,000.000 153.624 11.504 1.153.624 11.504 1,142.975 10.649 1.1]00.Ofy) 1128 1,165,128 1. 153,624
INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 311)ECEMBER 2th1 chartty'i I report to the ¢hanty Trustees on my exinatiC of the acrAJunts of ts charity for the Sear ended 31 Oecemb&r 2020. Responslbllnl¢s and Basls of Rqport As the TfUSt8es of the charity you are resFonsible for th8 Ixekwati of the niS in aGoJrdance wilh the requIents of th& Charities ALt 2011 (Ihe 2011 Ad). I report in respect of my gxamwtion of the accounts rried cAJt under sectk)n 145 of the 2011 Act and in CTring out my eMInatIon I have frAhywed the atf4icabb8 Direcli0 given by the Charity C¢Thmis8KJn under seclion 14515Xb) of th6 2011 Art Independent Examinefs Statement Yout attention is dravm to the faGt that the drity has prepared the aCCnts in accordan with Ac¢ounting accordance with the Financ1 RepDrting Standard appltcable in the UK and Republic of Ireland IFRS 102) in eference to the AccthintiTrJ Repybng by Charitss: Statement of RelMmejed Practice issued on 1 April l understand that this has been done in order for the a(Xnts to provKJe a Ift fair view in accordance Y1h xamination giving me cause to believ6 that in any material res1. the accijunts do not acGord V*ith ttw)se rK(Kds: the ac¢tyJnts do Tr)t comply Y4ith the ap[Aable requIents tnming the forrn and content of thal the accounts give a Inje aThJ fairf is Thjt a matter considered as part of an deP@f1ent examinallon. I have no COnmS and have cune aoT05S no other matters in rnneCtiOn ¥th the examination to %thich (AcccHJnts and Reports) Regulations 2CX)8. My WL¥k has been un(lertaken so Ihat I might State to the charitys Tnjstees those matters l am required to state io them in an lTrJependent EXaMerS Report and for no other SIgnl." Linda J Lord
BALANCE SHEEr AS AT 31 DECEMBER 2020 2020 2019 TarwJible ass8ts 1,IX)1.936 1,001,936 1,1)01.936 1,001.936 10 Cash at knk haThl 151,888 161792 152.288 Credrtors: amounts fallrr¥J due wthin ¢ 11 163,192 151,688 1.165.128 1, 153.624 1.165.128 1.153,624 1,165.128 1, 153,624 12 12 12 Restrithd fvnds 16&128 153,624 Total lunds 1,16S,128 1. 153.624 Mr M H Marks, MBE CEng Chair Mrl aylor Treasurer
NOTES TO THE FIP4ANCIAL STATEMENTS FOR THE YEAR ENDED 31 OECEMBER 2020 St Nts Aytic and Ltyswe b a re9j dwlty (¥J8rates fr(ffi 66 Walk. Eynesbury St. Nls. PE19 62GE. The financral 5tatemerrts have been prepared in acc(xtlance with the ChaiitFes SORP (FRS 102} - Accounting and ReFrfxtiryJ by Charllies: Statement of Rectynmended Praclice applicable to charities and Republic of Irnd (FRS 1021 leffectsve 1 January 2015), the Financkgl Reping Standwd St Nts Aquatic and Leisure CIO meets thE dknrtton of a Publ benefft entity under FRS 102. Assets and IkglAtbes are inthaty rec£3niJ at StOrIcal cost or transaction value unless otheNAse During the yEar the UK has expetienced a pandemic of the c%)mnavirus. The wtential effect5 to the chlty cannot be fulty quanlif*d Ixrt the bijstees remafft committed to the prolection of the ongoirvJ suppryt beiFNJ off1 by lh8 GovemmenL operational exlslence fty the fble future. Fcf this reason they ctinue to adopt the gdng 2.3 Income ilt be receNed and the amounl of orOme receivable can be measured relbly. Expendth is reo)gnised ore there is a I1 or conslnjcbve oblTrgation to transfer economic ben8fft to a third paty. it is that a transf& of ecc1¢ benefits will te required in settlement and AJI expenditijre is irKlusive of Vrecove VAT. Irrtetpst on funds held on deFxJsit 15 incIled when recelvabte and the amount can be measured rdiably ty the charity. this is rxThalty UF nobfKakn of the interest pald or rwable by the irtstitution
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 2.6 TatIon 2010 and therefore tt meets the defiThtion of a drltabFe c#)mpary for UK ColF1 tax purposes. A¢thngty, the charity is FK)lenbaDy exp1 fr(Kn taxa in resrrtt of Iorne or capital gains 256 of the Taxation of Chargealk Gains Act 1992, to th8 extenl that such irKxime or gain5 are 2.7 Tanglbl• •d assrts and frxed assets are measur&Y at cost18ss accumulatgJ deweciatw)n and any amUtated impaimient losses. All &)sts lncjjrr to bring a tangitAe asset into its intended workivwJ condition should be Depreciation is charged so as to akKate tr ¢ost of IIl4e fixed assets less their reslthjal value Depreciatson is Eyovided on the folknwTr3 basis: depreciated 2.9 Cash at bank and in hand of ttwee monttL% or le&8 frDm date of acquisilion or wing of the deposti or similar account. Liabiktr"es are recc¥Jni8ed when th8Te is an (lI19a at the Balance Sheet datg as a Tesult of a past evenL it is prt&able that a transfw of benefft b8 requred in settlemenc the amoLmt Liabibties are rectjjiwsed at the anount that Ihe dlity anlicipates ¢t VAI pay to settle the debt or the 111 Fund a¢counth Designabj ftjnds Unrestri funds tPs have been set asJe by the Trustees for parttcular purFM)ses. The aim fftl of each desun8ted furKI is set CAIt in the notes to the financial
NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 fund5 fvnds 2020 2019 6,219 6219 96 Total funds 2020 funds 2020 2019 12,1 Totsl fun( funds 2020 2019 297 515 Total funds 2020 2019 2.012 1012
ST NEOTS AQUATIC AND LEISURE CIO NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDED 31 DECEMBER 2020 Provislon of ommunlty Totsl 2020 2020 2019 insuran¢6 Repairs and malntenanc8 556 750 Sundry exp6nses Bank charws 12 110 78 2.012 1012 1,962 The inde[ndent examinefs remunerati jnts to indeK¢thl examiner fee of £600 (2019 . £600). Trustees. romuneratlon and ex1
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR &IDED 311)ECEMBER 2020 Fr••hold Cost or valuation At 1 January 2020 1,001.936 At 31 DKember 2020 1,001.936 Not book valuo At 31 Dember 2020 1,001836 At 31 Dec8mber2019 1.001,938 10. D•btor5 19 Prepayments and ac(¥ued incLYne 400 11. 2020 2019
ST MEOTS AQUATIC AND LEISURE C NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Slatsmont of funds . ¢urr•rt ye Balance al I J•nu•ry 31 Designat•d f4MMIs 1,936 1,936 Genornl funds G9rFeral Fund5 151.688 13.516 11012) 163,192 Total Unrestricted funds 153.624 13.516 (1012) 165,128 En(h)wment Funds 1.0(W).000 Total of fund¥ 1.153.624 13,516 (1012) 1.165,128
NOTES TO THE FINANCIAL STATEPAENTS FOR THE YEAR ENDU) 31 DECEMBER 2020 Ststem¢nt of funds. prior ygar 31 2019 Do5ignat•d funds 1,936 Gqneral funds 141.039 12.611 (1.962) 151.688 Totsl unres1r1 funds 142,975 12,611 (1.962) 753,624 Endo*Thent Funds i.ooo,thx) Total of funds 1. 141975 12.671 (1.962) 1, 153,624 The cty5 reserves comprise: professional fees incurred rn transferring it to the drty.
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEPABER 2020 Balance at 1 January 31 Docombor General funds 151.688 1.00fj.000 13,516 (2.012) 163,192 1,000,000 1.153.624 1316 12.012) 1,164128 Summary of funds. prtor year Balance 81 1 January 31 2019 General funts 141.039 la611 (1.962) 151.688 1.14Z975 12.611 (1.962) 1.153,624 14. Anaty¥is of net assets between funds funds funds 2020 1.936 IWIJ36 163,792 163,792 {6(h)) 1600) Current assets Total 1.000,0() 165.128 1.165,128
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEIABER 2020 Iy818 of n•t assets betWOgn funds . grlor p•r•)d 2019 2019 2019 Tanglble fixed assets 7.0.)0 1.936 7.001.936 (600) 1,CKffj.OCO 153,624 1.153.624