Annual Report for the Y/e 31/12/2021 Sport & Arts in the Community ( SPARC) South West Shropshire – Charity registered in England & Wales No. 1170997
Total receipts for the year exceeded just over £37k and included a £9k grant from the BA Carbon Reduction Fund, a £1.8k donation from the Cooperative Retail Society’s Community Fund as well as a £15k grant from the Town Council.
In addition, the Plant Stall and Bingo Fund Raising Events proved very successful contributing another £3.2k to our funds.
The Theatre Friends Subscription Scheme re-launched in the previous year provided the Charity with nearly £1.7k of funds specifically for the Theatre & Arts Activities and Facilities.
A Monthly Prize Draw was launched in July under the Small Society Lotteries Regulations which is proving moderately successful.
The BA Carbon Fund Reduction Grant was used to help fund the installation of additional LED lighting and insulation costing a total of £14.8k whilst the Co-operative donation funded the provision of £2k’s worth of children’s play equipment in the swimming pool.
However, the pandemic and its aftermath has continued to disrupt the Charity’s investment plans. We have commitments to fund the muchneeded replacement of the gym equipment ,supported by a long term service and maintenance agreement, in SpArC’s Fitness Suite at a cost of £86k. However, supply chain difficulties are delaying delivery and installation until July 2022. Similar problems have disrupted the completion of a “Pocket Park” project to enable the provision of an outdoor exercise area which is now scheduled for completion by the end of May 2022 with a remaining commitment of £7k, as well as the commencement of the installation of a café and seating area for which the Charity is holding £10k of grant funding. Finally, we set up a sinking fund in 2021 to build a reserve to match fund a future grant application for the replacement of the outdoor all-weather sports pitch which will be necessary in about four years’ time. We are currently holding £5k in a Shawbrook Bank Deposit Account. We have since contributed a further £5k in January 2022.
We anticipate that Fund Raising will become more difficult in 2022 given the pressure on household incomes as well as the state of public sector finances. We will therefore re-double our grant application efforts to fund investment which will support the sustainability of Sport and the Arts in our Community.
STATEMENT OF RECEIPTS & PAYMENTS
ACCOUNTS FOR SPARC CHARITY
| STATEMENT OF RECEIPTS & PAYMENTS | ACCOUNTS FOR SPARC CHARITY | |||
|---|---|---|---|---|
| 01/01/21 to 31/12/21 RECEIPTS Private Donations: One-off Donations Regular Donations Sub Total Corporate Community Fund Donations Town & Parish Council Donations Fund - Raising Activities: Plant Stall 500 Club Subscriptions Foxholes Football Game Donation Bingo Friends of Theatre Subscriptions Collecting Tins Sub Total Gift Aid Claims Received Bank Interest TOTAL RECEIPTS Surplus b/f Bank Balances b/f 01/01/21 Closing Balance per Bank Statements @ 31/12/21 BANK STATEMENTS @ 31/12/21: Caf Cash A/c no 1 Caf Cash A/c no 2 Caf Gold Deposit A/c Shawbrook 60 Day Notice Deposit Account TOTAL PER BANK STATEMENTS |
£ PAYMENTS Funding Donations to Shropshire Council: 230.67 Lifeguard Training 60.00 BA Carbon Reduction Project 290.67 Pickle Ball Nets Chidren's Equipment for Swimming Pool 12067.72 Sub Total 15000.00 Transfer of Donations to Theatre & Arts (ex Town Council) 1661.06 Renewal of 500 Club Licence 3688.00 500 Club Prizes 186.20 First Quarter (July-Sept '21") Donation to Enterprise House to help fund management of 500 Club 1509.20 Hire of Bingo Equipment 1660.00 Payment of Theatre Friends Subscriptions & Gift Aid to EH 45.00 8749.46 Enterprise House - Printing Costs 727.89 304.20 Bank Account Fees 37139.94 TOTAL PAYMENTS Surplus c/f 9799.34 38131.48 47930.82 4802.09 3225.10 34598.20 5305.43 47930.82 |
£ 656.25 14737.89 330.00 1969.81 17693.95 5000.00 20.00 1413.90 1062.50 31.50 1801.25 123.50 194.00 27340.60 |
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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of £pts.k% qrnd ArFs I LspAIi Ir On account5 for the year ended 31 Iii laooi Charity no {if any) 117 0997 Set out on pages I report to the trustees on my examination of the accounts of the above charity {"the Trust"} for the year ended i¥INi , Y"f i, Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 I'the Act"). I report in respect of my exarninalion of the Trust's accounts carried out under section 145 01 the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5llbl of the Act. Independent IThe charity's gross income exceeded £250,000 and l am qualified to examiner's statement undertake the examination by being a qu81ified member of linsert name of applicable listed bodyll. Delete I l if not applicable. I have completed my examination. I confirm that no material mallers have come to my attention in connection with the examination (other than that disclosed below ") which gives me Cause to believe that in, any material respect.. the accounting records were not kept in accordance wilh seclion 130 of the Charities Act., or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair, view which is not a matter considered as part of an independent examinalion. 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 underst8nding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Signed: Date: Name: QI I Relevant professional qualification(sl or body IER Oct 2018