Charlty registration number 1171006 Company reglstration number 10369254 (England and Wales) WELLESBOURNE SPORTS AND COMMUNITY CENTRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
WELLESBOURNE SPORTS AND COMMUNITY CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees Dr D Watson W J Woodhouse Mr N S Hawkins Mr5 A Prior E Moodley MrA Dipple Mr B KTonkin (Appointed 11 July 20241 (Appointed 13 February 20251 Charity number 1171006 Company number 10369254 Registered office 2 School Road Welle5bourne Warwickshire England CV35 9NH Independent examiner TC Group Celixir House Stratford Business & Technology Park Innovation Way, Banbury Road Stratford-upon-Avon Warwickshire United Kingdom CV37 7GZ
WELLE5BOURNE SPORTS AND COMMUNITY CENTRE CONTENTS Page Report Of The Trustees report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 10-21
WELLESBOURNE SPORTS AND COMMUNITY CENTRE REPORT OF THE TRUSTEES REPORT {INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2024. The truStS have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) leffective l January 20191. Objectlves and artlvltles The trvstees, financial priorities for the year October 2023 to September 2024 were to Increase income from membership and facilities hire Increase reserves to 3 level of three months, operating costs based on 2022-23 operational year Seek grant funding for investrnent in new equipment or facilities The trustees also intend to SUPPOrt the community during the period by: Continulng work to establlsh a tennis club Ensuring further training for staff so that we can provide a GP referral service Expanding the provision of activities in local care hornes Developing activities to encourage all young people to participate in exercise during School holidays and after school
WELLESBOURNE SPORTS AND COMMUNITY CENTRE REPORT OF THE ThUSTEES REPORT IINCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Achlevements and performance Membership & Occupanry 2024 has been our best year to date in terms of membership numbers and occupancy for our fitness dasses. In January 2024 we had 426 members and by October 2024 we had reached 546. It has been a long journey 9nce Covid-19 to get our membership back up; prior to the pandemic we had just over 300 members and imme(%ately afterwards we had just under 100 members. New equipment for the gym and engagement with staff has helped bring in new members. In addition, we have been able to maintain levels of attendance at fitness classes throughout the whole year, which h35 helped us achieve our financial targets for the year. Mum and Baby Tone and Conditlonlng Classes Over the course of the year we have had a number of new mums attending these sessions. This community has been really beneficial to helping new mums get out and meet other parents. Walks and coffee meet-ups now also take place outside of WSCC sessions which is Bat to see. CommunFty Groups Our Community Groups Walking Football and Table Tennis have been a huge success. Walking Football takes place every Wednesday and we have on average 12 people each week. Community Table Tennis takes place at the same time as walking football; this year the numbers have really picked up and we have 12 attend most weeks. Partnerships with the local community The Centre continues to host the Community Cafe Warm Hub which offers weekly teas and coffees for anyone to pop dDwn and have a chat. Volunteers bring Cakes in and over the winter months. soup is also available. We hosted monthly diabetes Clinics/Workshops trom January 2024- September 2024. The Unite Union holds their monthly meeting at the Centre. We provided rooms free of charge to the Lions Club for pr05tate-5pecific antigen testing for men aged 45-75,. over 100 men attended to get checked. The Centre was also used as a polling station for the general election and Police Commissioner election. Grant Appllcations We have been successful in some of our grant applications which have enabled us to install a disaly'lity ramp and railings to our entrance. New sports equipment has been purchased for football coaching sessions and momma fitness classes. We also benefited from some charity work from 'VIY' who work with young people. They built two internal cupboards and a outdoor shelter for parents to stand under when watching their children play on the MUGA. Wellesbourne Community Day The Centre was a key part of the village Community Day on 9th September, Our rooms were used for displays by local groups and the centre had its own stall which raised over £400 with prizes donated by local bLLsinesses. We also handed out vouchers for sessions at the centre that have been redeemed by members of the community. Snowdon Walk In May, staff and 18 members of WSCC completed a walk up Snowdon to raise money for the Myton Hosrice charity, raising over £3000. The duty manager created a WhatsApp group and organised practice walks leading up to the challenge. It was a great team effort. with different fitness leve15 everybody still made Ft to the summit and helped raise so much money for an èmazing cause.
WELLESBOURNE SPORTS AND COMMUNifi CENTRE REPORT OF THE TRUSTEES REPORT (INCLUDING DIREcfoR'S REPORT) {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Flnanclal revlew Financial Position Income from membership continues to increase and incorne from facilities hire also met the target set by trustees meaning that overall income targets were exceeded. Running costs have increased this year, particularly energy costs, however the amount spent on external instructors has reduced as we have invested in more staff who are able to deliver classes in-house. The charity was successful in securing grant funding for new equipment and improvements to the facilities as well as using some of the in-year operating profit to purchase new treadmill5, The total net profit for the period was £17,646 comprising unrestricted incoming resource5 of £234,989 and unrestricted resources expended of £206,211 and restricted incoming resources of £Nil and restritted resources expended of £11,132, Total funds at the year-end were £237,990 being unrestricted of £95,846 and restricted of £142,144. Investment Policy and objethves The Charity's rnemorandum and articles of associatiDn authorise the trustees to invest or deposit fijnds as may be thought fit. Trustees have decided to explore moving the reserve sum into an interest bearing account, although recogni5ing that a5 a reserve fund in case of closure it need5 to be accessible. Reserves policy The trustees have a policy of maintaining a level of unrestricted reserves which should ensure that there are adequate funds to meet ant'cipated future liabilities. In practice, the trustees consider that holding reserves equivalent to a minimum of three months, core costs (i.e., the day to day running costs of the charity), excluding funds tied up in fixed assets, should provide sufficient fund5 to respond to adverse changes in the charity's funding or activities. This was set at a minimum of £45.000 for 2023 to 2024 based on the 2022 to 2023 operational year. Plans for future periods The tru5tees' financial priortties for 2024-2025 are to Increase income from membership and facilities hire. Explore moving reserves to an interest bearing account to maximise use of he charity's fund5. Determine costs of progressing proposals for a sports hall before deciding on investment in new equipment or facilities. The trustees will be developing a new 5-year business plan during the course of 2025 which will set out the longer term plans for the centre, including the construction of a sports hall which was part of the original vision of the Parish Council when the charity was established.
WELLESBOURNE SPORTS AND COMMUNITY CENTRE REPORT OF THE TRUSTEES REPORT {INCLUDING DIR£cfoR'S REPORTI {CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Structurei governance and management The charlty is controlled by its governing document, a deed of trust, and constitutes a limited ccmpany, limited by guarantee, as defi'ned by the Companles Act 2006. Recruitment ond oppointment of trustees Trustees are appointed in accordance with the Articles of Association. One trustee resigned and one trstee was appointed during the year; one existing trustee changed 5tatUS: Karen Jukes- resigned 14th December 2023 Emily Moodley- appointed Ilth July 2024 Debra Watson changed to Wellesbourne and Walton Parish Council appointed trustee- 9 May 2024. Induction ond trtjining of new trustees It is the charity's policy that new trustees undergo an orientstion process to brief them on their legal obllgations under charity law, the charity's governing documents, the committee decision making process, the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events that will assist hem in carrying out their role. Volunteers The charity does not have any volunteers other that the trustees. Orgonisational structure The finances and performance of the centre are overseen by the trustee5 who meet monthly to monitor the work of the centre and how we are meeting our charitable aims. The trustees have employed a general manager of the centre, a duty manager, three gym instructors, and an administrative a55lStant, We also have a team of specialist instructors who are self-employed and who deliver a range of classes. This report has been prepared in accordance with the special provisions of Part 15 of the Compani& Act 2006 relating to Small companies. Publlc Benefit The trustees confirm that they have complied with their duty under Section 4 of the Charities Art 2011 to have due regards to the Charity Commi55ion's general guidance on public benefit.
WELLESBOURNE SPORTS AND COMMUNITI CENTRE REPORT OF ThE TRUSTEES REPORT (INCLUDING DIRECTOR'S REPORT) {CONTINUED) FOR THE YEAR ENOED 30 SEPTEMBER 2024 The Report of the Trustee5 report was approved by the Board of Trustee5. A4he Trii?t Mrs A Prior Trustee 17/0612025
WELLESBOURNE SPORTS AND COMMUNITY CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WELLESBOURNE SPORTS AND COMMUNtrY CENTRE I report to the trustees on my examination of the financial statements of Wellesbourne Sports and Comrnunity Centre {the charity} for the year ended 30 September 2024. Responsibillties and basls of report A5 the trustees of the charity (and also its directors for the purposes of company lawl you are rsponsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity 5 financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Actl. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145151(bl of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by sectÈon 386 of the 2006Att; or the financial statements do not accord wlth those records. or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts glve 3 true and fair view which is not a matter considered as part of an independent examination; or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounknng and reporting by charitie5 applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc ot Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to whh attention should be drawn in this report in order to enable a proper understanding of the financial ststements to be reached. TC Group Celixir House Stratford Busines5 & Technology Park Innovation Way, Banbury Road Stratford-upon-Avon Warwickshire CV37 7GZ United Kingdom Dated:
WELLESBOURNE SPORTS AND COMMUNITY CENTRE STATEMENT OF FINANCIALAcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestrlcted Restricted funds funds 2023 2023 Totsl 2024 2023 Notes Income from: Donations and legacies 234,989 234,989 204,949 204,949 Totsl Income 234,989 234,989 204,949 204,949 Expendlture on: Charltable activities 206,211 11,132 217,343 212,070 15,630 227,700 Total expenditure 206,211 11,132 217,343 212,070 15,630 227,700 Net income/lexpenditure} and movement in funds 28,778 {11,1321 17,646 17,121) {15,630) (22,7511 Reconciliation of funds: Fund balances at l October 2023 67,068 153,276 220,344 74,187 168,908 243,095 Fund balances at 30 September 2024 95,846 142,144 237,990 67,066 153,278 220,344 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
WELLESBOURNE SPORTS AND COMMUNITY CENTRE BALANCE SHEET AS AT30 SEPTEMBER 2024 2024 2023 Notes Flxed assets Intangible assets Tangible assets io li 684 174,921 160,678 160,678 175,605 Current assets Debtors Cash at bank and in hand 12 3,897 75,665 887 46,102 79,562 46,989 Credttors; amounts falling due within one year 13 12,2501 12.2501 Net current assets 77.312 44,739 Total assets less current liabilities 237,990 220,344 Net a55ets excluding pension liability 237,990 220,344 The funds olthe charity Restricted income funds Unrestricted funds 15 142,144 95,846 153,278 67,066 237,990 220,344 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2024. The dirertor acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question In accordance with Section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
WELLESBOURNE SPORTS AND COMMUNITY CENTRE BALANCE SHEET (CONTINUED) AS AT30 SEPTEMBER 2024 1710612025 The financial statements were approved by the trustees on . W J Woodhouse Trustee Mrs A Prior Trustee Company registration number {England and Wales)
WELLESBOURNE SPORTS AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accountlng pollcles Charity information Wellesbourne Sports and Community Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is 2 School Road. Wellesbourne, Warwickshire, CV35 9NH, England. 1.1 Accountlng convention The financial statements have been prepared in accordance with the charity's governing document, the Companie5 Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Charities SORP 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 IFRS 1021" (effective l January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterlin& which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial ststements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial ststements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to Specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statement5. Endowment funds are subject to specific condikn'ons by donors that the capital must be maintained by the charitv. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance condttions he been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 10-
WELLESBOURNE SPORTS AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policies (Continued) Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distrtbution, the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic b8)efit to third party, it is probable that a transfer of economic benefits will be required in Settlement, andthe 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 dIrt costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributaue to a single acttvity are allocated directly to that activity. Shared costs which contribute to more thanone activity and support costs which are not attributable to a single activity are apportioned between those actyvities on a basis consistent with the use of resources. Central staff costs are allocated on the basi5 of time spent, and depreciation charges are allocated on the portion of the asset's use. 1.6 Intanglble fixed assets other than goodwill Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated Impairment losses. Intangible assets acquired on business combination5 are recognised separately from goodwill at the acquisition d3te where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights,. and the intangible asset is separable from the entity. Amortisation 15 recognised so as to write off the cost or valuation of assets les5 their residual values over their useful lives on the following bases: Software 33% straight line 1.7 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases- Fixtures and fitknngs Gym Equipment Improvements to Property 33% straight line 20% straight line 5% straight line The gain or loss arising on the disposal of an asset 15 determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 11
WELLESBOURNE SPORTS AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting pollcles (Continued) 1.8 Impairment of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible and Intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such ndication exists, the recoverable amount of the asset Is estimated in order to determine the extent of the impairment loss lif any). 1.9 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposit5 held at call with banks, other short-term liquid investments With original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instrumerits. Financial instruments are recognised in the charity's balance Sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements. when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basicfinuncial assets Basic financial assets, which include debtors and cash and bank balances, are initlally measured at transaction price including transaction costs and are subsequently carried at amortfsed cost using the effective interest method unless the arrangement constitutes 3 financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Bqsicfinun¢ial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unle55 the arrangement constitutes a financing transaction, where the debt instrument is measured at the psent value of the future payments discounted at a market rate of interest. Financial liabilities classified 35 payable within one year are not amorttsed. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditor5 are obligations to pay for goods or services that have been acquired in the ordinary course of operation5 f rom suppliers. Amounts payable are classified a5 current liabilitie5 if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effettive interest method. Derecognitlan offinancial liabijities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 12-
WELLESBOURNE SPORTS AND COMMUNITh CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2024 Accounting policies (Continued) 1.11 Employee beneflts The cost of any unused holiday entitlement is recognised in the period in which the employee's seNices are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.12 Retirement benefits Payment5 to defined Contribution retirement benefit scheme5 are charged as an expense a5 they fall due. 1.13 Government grants Government grants are recognised in profit or loss on a systematic basis over the periods in which the company recogni5es expenses for the related costs for which the grant5 are intended to compensate. Critlcal accounting estimates and ludgements In the application of the charity's accounting policies, the trustees are required to make judgements. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estFmates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimate5 and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revi5i0n affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income from donations and legacies Unrestrlcted nds 2024 Unrestricted funds 2023 Grants and Classes income Gym Membership Room Hire and Sports Other Income Fundraising Activities Personal Training 77,732 101,165 48,420 476 442 6,754 75,785 78,644 43.208 271 514 6,527 234,989 204,949 13-
WELLESBOURNE SPORTS AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Income from donations and legacies (Continued) Unrestrirted funds 2024 Unrestrirted funds 2023 Donations and gifts Grants Classes Income 8,485 69,247 22,564 53,221 77,732 75,785 Grants received, included in the above, are a5 follows: Parish Council £8,485.00 14-
WELLESBOURNE SPORTS AND COMMUNITY CEKfRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Expenditure on charitable activitie5 Unrestricted Restricted funds funds 2024 2024 Total Unrestrlrted RestrScted tunds funds 2023 2023 Total 2024 2023 Direct costs Staff costs Depreciation and impairment Rate5 and Water Insurance Light 3nd Heat Telephone Advertising Sundries Computer Costs Building Costs Classes Expenses Classe5 Instructors Repairs, Maintenance and Cleaning MUGA Costs Office and General admin costs Other professional services Credit card services Other charitable expenditure 110,422 110,422 103.564 103,564 8,363 3,002 4,971 12,462 1,669 112 2,174 2,061 8,635 617 29,289 11,132 19,495 3,002 4,971 12,462 1,659 112 11,206 2,552 3,701 18,385 1,519 1.115 1,484 679 15,630 26,836 2,552 3,7Ql 18,385 1,519 1,115 1,484 679 14,072 639 26,405 2,174 2,061 8,635 617 29,289 14,072 639 26,405 8,757 5,973 8,757 5,973 12,078 7,053 12,078 7,053 467 467 562 562 117 2,747 117 2,747 315 2,167 315 2,167 4,373 4,373 1,322 1,322 206,211 11,132 217,343 208,818 15,630 224,448 Share of support and governance cost5 {5ee note 5) Finance 117 Other support costs 8,363 Governance 3,300 117 19,495 3,300 102 11,206 3,150 102 26,836 3,150 11,132 15,630 11,780 11,132 22,912 14,458 15,630 30,088 15-
WELLESBOURNE SPORTS AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENT5 (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Support costs allocated to artlvltles Total 2024 Total 2023 Other support C05t5 Finance Governance 19,495 117 3,300 26,836 102 3,150 22,912 30,088 Net movement in funds 2024 2023 The net movement in funds is stated after charging/lcrediting}'. Fees payable for the independent examination of the charity's financial statement5 3,300 18,812 683 3,150 23,429 3,408 Depreciation of owned tangible fixed assets Amortisation of intangible as5et5 Trustees None of the trustees {or any persons connected with them) received any remuneration or benefits frcm the chaf Ity during the year. Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Total 16-
WELLE5BOURNE SPORTS AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 Employees (Continued) Employment tosts 2024 2023 Wages and salaries Social security costs Other pension costs 96,808 11,808 1,806 88,611 13,130 1,823 110,422 103,564 There were no employees whose annual remuneration wa5 more than £60,000. Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 10 Intangible fixed assets S(rftbWdre Cost At l October 2023 and 30 September 2024 10,225 Amortlsatlon and Impalrment At l October 2023 Amortisation charged for the year 9,542 683 At 30 September 2024 10,225 Carrying amount At 30 September 2024 At 30 September 2023 17-
WELLESBOURNE SPORTS AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 11 Tangtble fixed assets Flxture$ and fitting5 Impnw'ts to Property Gym equlp't Total Cost At l October 2023 Addition5 23,759 203,856 102,095 4,567 329.710 4.567 At 30 September 2024 23,759 203,856 106,662 334,277 Depreclatlon and impalrment At l October 2023 Depreciation charged in the year 22,333 1,353 50,966 10,193 81,488 7,266 154,787 18,812 At 30 September 2024 23,686 61,159 88,754 173,599 Carrying amount At 30 September 2024 73 142,697 17,908 160.678 At 30 September 2023 1,426 152,889 20.606 174,921 12 Debtors 20Z4 2023 Amounts lalling due wlthln one year: Other debtor5 Prepayments and accrued income 3,381 516 404 3,897 887 13 Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income 2,250 2,250 18-
WELLESBOURNE SPORTS AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 30 SEPTEMBER 2024 14 Retirement benefit schemes 2024 2023 Defined contribution schemes Charge to profit or1055 in respect of defined contribution schemes 1,806 1,823 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered ftjnd. 15 Restricted funds The restricted funds of the charity comprise the unexpended balance5 of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At l October 2023 Resources expended At30 September 2024 153.276 {11,1321 142,144 Previous year: At l Ortober 2022 Resources expended At30 September 2023 168,908 {15,6301 153,278 The restricted funds represent funds of the charity which have restricted purpose for the purchase of fixed assets. 16 Unrestricted funds The unrestricted fund5 of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At l Ortober 2023 Incoming resources Resources expended At30 September 2024 General funds 67,068 234,989 1206,2111 95,846 19
WELLESBOURNE SPORTS AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 16 Unrestrirted funds (Continued) Prevlous year: At l Ortober 2022 Incoming resources Resources expended At30 September 2023 General funds 74,187 204.949 {212,0701 67,066 The unrestricted funds represent the free funds of the charity, which are not designated to any partlcular purpose, 17 Analysis of net assets between fund5 Unrestrirted funds Material fund5 Restricted Endowment funds fvnds Total 2024 2024 2024 2024 2024 At 30 September 2024: Tangible assets Current assets/lliabilitiesl 18,534 77,312 142,144 160,678 77,312 95,846 142,144 237,990 Unrestrlcted funds Material funds Restrtcted Endowment funds funds Total 2023 2023 2023 2023 2023 At 30 September 2023: Intangible fixed assets Tangible assets Current assets/lliabilities} 683 21,646 44,737 683 174,923 44,737 153,277 67,066 153.277 220,343 18 Status of the charity Welle5bourne Sports and Community Centre is a company Ilmited by guarantee not having any share capital, -20-
WELLESBOURNE SPORTS AND COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024 19 Related party transartlons There were no disclosable related party transactions during the year {2023- none). 21