Charity registration number 1171594 (England and Wales) COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB CONTENTS Page Trustees report Independent examinerfs report statement of financial activiti88 Balance sheet Notes to the financial Statements 9-21
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present thelr annual report and financial statements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out In note 1 to the financial statements and Comply with the charity's goveming document, the Charities Ad 2011 and 'A¢untIng and Reporting by Charities: Statement of Recommended Practice applicabl8 to charities preparing their accounts in accordance with the Financial Reporting Standard appllcable In the UK and Republic of Ir8land (FRS 102)" (effective 1 January 2019). ObJ•Gtlves and actlvltle8 The charity's obl8cts are to promote for the benefrt of the inhabltants of Coventry and North Warwickshir8 and the surrounding area the provision of faciliti88 or other leisure time occupation of indlvlduals who hav8 need of such facilities by reason of their youth, age, infirmity or disablement, ffinancial hardship or social and economlc clrcumstarKes or for th8 public at large In the Interests of social w61f8re and with th8 object of improving the condition of the said Inhabitants. Public benefit The trust88s have considered the Chaiity Commission's general guldance on public benefflt and conslder that the charity has achieved its objectlves during the period under review. Achlev•ments and perfomianco Significant activltles and achievements against oty"ecbv&s Ho8pltallty The club regularly hosts functions from the followlng organisations: Godiv8 Lions - a dedicated charlty organlsation specialising in raising funds for varlou8 communty projects. Coventry Leofrlc Lions - Part of the Lions Clubs Intemational, the larg8s1 voluntary sepiice organisation In the world, bul with focus right here In Coventry. Slngles Dance Group - Groups of single, elderly ballrcw)m dancers use dance to build friendshlps. Baby Sensory - Classes are fulty researched and designed for mothers and th•ir bables up to the age of 13 months. Art Class - Providing local p8ople an opportunity to leam how to draw and palnt. Church Group8- Various church groups are hosted in our functlon rooms. Brfdge Every week we run five dupllcate bridge sessions at the club, for all levels of players. We continue to provide lessons for beginners and intermediate players. These are open to everyone, and visiiors ar8 always welcome. A very successful open day was held in September as part of the EBU initiative 'Bridge ifs a Big Deal, and 8ev8ral new players were recruited for beginner18ssons, resultlng In a bumper ¢las$ of over 20 new players. We also run monthly ¢ompetitions during the autumn and winter. Oneff events included a café bridge in the City Centre, and a Chines8 meal cooked for us by one of our members. Fund-raising events included Iwo aftemoon teas. Our first team won the County tsams of 8 competitlon and progressed to the regional final In May 2025, which they also won. One of the Bridg6 rooms contlnues to be let to a consortium of local GP practices for nSultatIonS and vaccinations whilst a second room is shared with them for meetings.
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Crfckot Llnks wlth local schools In thls period induded two 'Chance to Shine. festivals. Both of these attracted children from different local s¢hool$. The first day was for Year 4 puplls and the second was for Year 5's. From May through to August we ran junior o)aching for beginners every Frfday evening from 6 - 7.30pm. This stsrted with the national scheme for 5 to 7-year-olds called 'AII Stars,. For 8- to 11-year-olds we ran a second course set up by the ECB called 'Dynamo8'. Both of these courses were hlghly 8UCC8ssful with over 70 children attending in total. We ran our own coaching for 12 to 13-year-olds where around twenty boys and girls attended. We also ran a coaching course for girfs only belwe8n th8 ages of 8 and 14 Ilnklng wlth local schools and this was also well attended. Our plan is to develop more coaching for girfs in the coming year and then start a glrls, team the followlng sèason. During the school summer holidays of 2024, we ran four Summer Hollday Coaching Courses at whlch a total of over 120 children attended. This was in addition to the junior crfcket teams that we ran for Under 9. 11. 13, 15, 17 arKJ 19s. In the Summer of 2024, we also played host to a number of Warwickshlre County Cricket Club repreSenti1Ve team8. In terms of volunteers. we still had a very strong committ88 of 8 members With varfous dlfferent areas of respon8iblllty. Some were focussed on the junior section and others on raising sponsorship and funds for the section. We had 8 parent volunteers who looked after each of our 8 Junior teams. Thls was an increase of 2 from the prevlous year. Others concentrated on senior cricket. Our junior teams all performed exceptionally well in the 8ummer of 2024. Next year we will be looking to consolldate our number of lunlor teams. Our senlor teams also parfomiod well with the 4th Xl belng the stand-out team. winning their league and gaining promotion into Division 8, The Crld(et sectlon led a project to obtaln a grant of £37,250 towards a complete roof refurbishment of the Clubhouse. We We also successful In gaining other grants and funding - we secured £5,000 to replace old nettlng for the all- weather nets, over £2,300 for new mobile nets and also £720 to support yrnen and girls coaching. Nothall Last season, the netball sectlon took away 8 trophies from the league presentation. This included 4 of our 7 teams being promoted up into the next division. Our F team won th8ir division and promotion into Ihe next division and also won best defence in the league including Prem divis1c. This was a huge achlevement as thls meant they allowed the least number of goals to be scored againsl them. Our B, D and E teams won runners up of each of their divisions. also securing promotion into the next divisions. We also came away from the end of season toumament with Iwo winning trophies for two of our four teams wh) were entered. As well as wlnnlng leagues and tournaments, we also partnered with Netball Aid - Children in Need - which will be upcoming through into the new s8ason. We have Iwo members of the netball section who are now qualified18vel 2 coaches and have gained this qualification to b8 ab]8 to help out th8 section with trainings. matches and in future juniors.
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The upcoming season will see us playing 6 games each Saturday and a mid-week game each Tuesday. W8 have 7 netball teams currently, with enough players for an 8th but are still trying to strengthen our team5, focusing on team moral by trainlng together as one big club over at Bablake School. Fundraising also continues wilh bingo socials to boost our fundraising pot. Squash During the period the section has been busy with varM)us matters and making improvements. We swapped the male and female changing rooms lo allow for easier refurblshment. We also gave up a court to the Club to allow for an extended gym area. meaning we now have 4 playing courts. The squash section also contributed £4.500 to the clubhouse roof replacement costs. Income initially contlnu8d from the rental of court 5 to Furioso who were Ilcensed to use the court as a boxing gym. However. after mlsslng some monthly payments. the arrang8ment ceased and they moved out. The previous mambershlp system was removed in April 2024, indudlng the onllne squash booking system. and replaced with a cloud-based membershlp system 'myClubhouse", which went live in October 2024. Sportlng actiwties Squash teams play In the Warwickshire Summer and Wnter leagu8s and contlnue to run junior squash coaching on Saturday mornings, plus squash and racketball ladders each month We encourage particlpatlon and recrurtment through Squash social nlghts, on Sundays, for members & non-members Raising the profile of the section and generating income by hosting the Aspire Champlonship5 (June 2024) and a Warwlckshlre County Training Session (July 2024) England Squash initiatiV88 W8re also undertaken - Squash from the Mosque and Mlxed Abilities Sessions for SEN Young People, run by our coach Mo Sarwar Supporting the local GP patient group wlth Ilght exercise classes every Wednesday, also run by Mo Sarwar T•nnls A temporary padel court was installed on COLJrt 7 and became operational from 1 st March 2025. Thls is proving very popular and Ihe Truslee Board is discussing a more p8rmanent facillty. Durlng the period the court was rented out at reduced cost each Friday evening lo a local group running a rnen's mental health football charity. The section has continued to provide a range of participation opportunities for all ages and abllities for the local comrnunity and the wider area. For Adults we ran Monday evening group coaching sessions. Two classes were organised to Cater for different standards of player, intermediate & improvers, and a Ladies only group coaching was held each Tuesday evening. Du8 to demand from beglnners, a new class commenced early in the summer season. On a Wednesday evenlng team coaching was provided for higher ablllty players. This session provided both an activlty opportunity and social engagement platfomi for players. We added weekend soclal sessions to the program throughout the year, open to all abilities and Ihis has been very successful in increasing participation from the local community. We 81s0 continued to offer access to the courts free of charge lo local schools during curriculum time so targeted pupils from disadvantsged families could experience tennls on a real court. Financlal review The accounts show a deficit of £7,177 (2024 - £39,473 surplus) for the year. At the balan sheet dale total fund balare5 were £1,093,885 (2024 - £1,101,062). Of these balances £13,953 (2024- £13,701) related to restricted funds.
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 R&s8rves policy It is the policy of the charity that unrestricted funds which have not been designated for a specrfic us8 should be maintained at a level equivalent to bètween three and six month's expenditure. The trustees consider that reseries at this level will ensure that. in the gvent of a SIgncan1 drop in funding, they will be able to continue the charlvs current activities while consideration is given to ways in which additional funds may te raised. This level of reserves has been maintained throughout the year. Princlp81 fundlng sources Sources of Funding The main sources are membership subs¢riptlon8 and other amounts ralsed by the actlvlty Sectlons of the charlty. Further funds come from donations and property related rentals. Majorrisks Rlsk management The trustees have assessed th8 major strat8gic. business and operational risks to which the charity faces and confirm that systems have been establlshed to enable regular r8POrts to be produced so that the necessary steps n be tsken to lessen these risks. The risk management is reviewed annually by the Trustees. Structure, govemance and management Coventry and North Warwlckshlre Sports Club Is a charltable Incorporated organlsatlon ICIOI whlch was reglstered with the Charity Commission on 14 Febwary 2017. It is governed by its constitution and managed by its trustees who meet on a regular basls. The CIO started operating on 2 July 2017 when the assets and liabilities of the fomier members club - Coventry nd North WaThvickshire Sports Club - were transferred to the CIO. A ollY owned subsidiary trading company - Coventry Sports & Functions Ltd - was incorporated to continue th8 comm8rcial activits8s of the fom)er members club. The trustees who Served during tho y•8r and up to the date of signature of the financial statements were.. J Hill D Roblnson A Ridgway P Morgan J Gaffney L Brown B Blundell D McLanaghan J M McLanaghan N Davles B Morley (Reslgned 12 September 2024) (Appointed 13 June 2024) (Aprolnted 12 September 2024) (Appointed 12 September 2024 and resigned 1 Septefflber 2025) (Appointed 12 September 2024) (Appointed 25 September 2025) K Burrows C Davies R8Cmitment and appoirtment of tnjstees 0ry8nisation81 structu The board of trustees meet regularty for the purposes of discusslng the charlty's affalrs and declsion maklng. Induction and hining of truslees New tmstees undergo a period of orientation lo brief them on their legal obligations under charity law, the content of the goveming document. the committe8 and decision making pro*sses. the business plan and recent financial performance of th8 Charity. During the induction they me8t key p8rsonn81 and oth8r trust888. Trustees are encouraged to attend appropriate extemal training events where these will facilitate the undertaking of their role.
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Iruslees rep Il was approved by the Board of Trusle85. J Hill Truste Date:
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB I report to the trustees on my examination of the financial statements of Coventry and North Warwi¢kshire Sports Club (the tharlty) for the year ended 31 March 2025. Re8ponslbllltles and bas18 of rgport As the trustees of the charity you are responsible for the preparation of th8 financial statements in accordance with the requirements of the Charltles Act 2011. I report In respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In Carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. Indepèndènt •xamlnaff8 8tatsment Your attention is drawn to the fact that the charlty has prepared the financial statements in accordance wlth the relevant version of th8 Statement of Recommended Practice applicable to charities preparing their financial statements in accordance wilh the Financial Reporting Standard applicable in Ihe UK and Republlc of Ireland {FRS 102) in preference to the Accounting and Reporting by Charltles.. Ststefflent of Recommended Pradice issued on 1 April 2005 whiGh is referred to in the extant regulations but has now been withdrawn. l und8rstand that thls has been done in order for the financial ststements to provide a true and fair view in accordan with UK Generally Accepted Accountlng Pracllce, I have completed my examination. I confirm that no matters have come to my attention In connection with the examination giving m8 cause to belleve that In any material respect: accounting records were not kept in respect of the charity as required by section 130 of the Charitles Act 2011. the financial statements do not accord wlth those records; or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements Set out Sn the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the financial statements give a true and fair view, whiGh is not a matter considared as part of an independ8nt examination. I have no concerns and have corne across no other matters in connectlon wrth the examination to which attentlon should be drawn in this report in order to 8 a proper understanding of the financial statements to be reached. Robert Anderson FCA Azots Audlt Servlce8 3McMiddlemarch Business Park Siskin Drive Coventry CV3 4FW
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrnstrictsd Restrictsd fund8 funds 2025 2025 Total Unre8tricted Restricted fund8 funds 2024 2024 Total 2025 2024 Nots8 Income and endowments from: Donations and legacies Charltable actlvlties Investments oltrr income 1,604 153,884 31,482 8,006 45,270 46,874 153,884 31,482 8,008 12,028 150,813 24,154 8,782 10.000 22.028 150,813 24,154 6.782 Total incomo 194,976 46,270 240,248 193,777 10,000 203.777 Expendlture on: Charitable activities 201,955 45,488 247,423 163,745 559 164.304 Total expendltur• 201,955 45,468 247.423 163,745 559 184,304 Net Incomel(oxpondlturel (6,979) (198) (7.177) 30,032 9,441 39,473 Transfers betrNeen funds (450) 450 10,000 (10,0> Net mov•m•nt in funds {7,429) 252 (7,17n 40,032 (559) 39.473 R•conclllatlon ol lundg: Fund b81ances at 1 April 2024 1,087,361 13,701 1,101,062 1,047,329 14,280 1,081.589 Fund balance8 at 31 March 2025 1,079,932 13,953 1,093.885 1.087.361 13,701 1,101.062 The statement of financial activities includes all gains and losses recognlsed In the year. All Income and expenditure derive from continuing activities.
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB BALANCE SHEET ASA T31 MARCH 2025 2025 2024 Notes Fixed assets Tangible assets Investmen15 13 14 1.327,749 9,001 1,335,694 9,001 1,336,750 1.344.695 Current assets Deblois Cash at bank and in hand 15 72.698 69,603 83,588 62,943 142,301 146,531 Creditors: amounts falling dtse withln one year 17 1157,115) 1140,5431 Net current {l*abllltiesllassets 114,8141 5,988 Total assets less current Ilablllties 1.321,936 1.350,683 Credltors: afftounts falling due after more than one year 18 1228,0511 1249.6211 Net a$$•ts 1,093.885 1,101.062 The funds of the charlty Restricted incomè funds Unrestricted funds 20 21 13,953 1,079,932 13,701 1.087,361 1.093,885 1,101.062 The financial sla Inents were approved by the Injstpes on . J Hill Trustee
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Charlty Infomiatlon Coventry and North Warwickshire Sports Club is a charitable incorporated organisation (CIO) registered in England and Wales with a company number of CE010284 and charity number of 1171594. The CIO'S registered address is Binley Road, Coventry. CV3 1 HB. The charity was registered with the Charty Commission on 14 February 2017 and started operating on 2 July 2017 when the assets and liabilities of th8 fonner club. Coventry and North Warwickshire Sports Club, we transferred to the CIO. A wholly owned subsidiary, Coventry Sports and Functions Ltd, was incorporated to continue the commercial activities of the former members dub. 1.1 Accountlng conventlon The financial statements have been prepared In accordance wlth the charlty'8 govemlng document, tho Charities Act 2011, FRS 102 "The Financial Reporting Standard 8ppli¢able in the UK and Republic of Ireland. rFRS 102.> and the Charlties SORP "Accountlng and Reportlng by Charftles.. Statement of Recommended Practice applicable to charities preparing IF1r accounts in accordance with the Financial Reporting Stsr)dard appllcabl8 in the UK and Republlc of Ir8land (FRS 102). (effective 1 January 20191. The charlty is a Public Benefit Entity as defined by FRS 102, The charity has taken advantage of Ihe provisions in the SORP for charities not to prepare a Slatement of Cash Flows. The financial 8tat8m8nts have departed from the Charities (Accounts and Reports) R8gulation8 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charltles applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulats'ons but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional Gurrency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financlal statemenls have been prepared under the hlstorlcal cost convention, modified to Include cert8ln finanaal instruments at fair value. Ttr principal accounting policies adopted are set out below. 1.2 Golng 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 exlstence for th8 forese8able futur8. Thus the tnJ8tees conts'nue lo adopi the going concern basis of accounting in preparing the financial statsments. 1.3 Charltable fund8 Unrestricted funds are available for use at the discretion of the trustees in furth8ranc8 of their charitabl8 obj'ectives. Restricted funds are subject to specific condrtions by donors or grantors as to how they may ba used. The purposes and uses of the restricted funds ara set out in the notes to the financial statements. Endowment funds are subject lo specific condltions by donors that the capltal musl be malntalned by the charity. 1A Income Income is recognised when the charity is legally entitled to it after any perfomiance conditions have been met, the amounts can be measured reliabty, and it is probable that income will be received.
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting polici08 Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require defeal of the amount. Income tax recoverable in relatlon to donatlons received under Gift Aid or deeds of Covenant is recognised when received. Legacies are recognised on receipt or otherwise rf the Charlty has been notlfied of an impending distribution, the amount is known. and receipt is expecied. If the amount is not known, the legacy is treated as a conting8nt asset. 1.6 Expondtture Expendilure is accounted for on an accnjals basls and has b88n dassified und8r h8adings that aggregate all costs relat8d to the category. Exp8nditure is recognised where there is a legal or constwctive obllgatlon to make payments to third parties, it 18 probable that th6 settlement will ba required and the amount ol the obllgation can be measured reliabty. 1.6 Tanglble flxed assets Tanglble flxed assets are Inltlally measured at $1 and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreclatlon Is recognlsed so as to write off the cost or valuation of assets less their residual values over thelr useful lives on the following bases.- Freehold land and buildings Outdoor 8qulpment Fixtures and fittings Indoor equipment Lelsure equipment no depreciation 200A reducing balance 150A reducing balance 5% reduclng balance 25% reducing balance The galn or loss arlslro on the dlsposal of an asset is deterniined as the differen between the sale proceeds and the carying value of the asset, Bnd is recognised In the statement of flnancial activities. 1.7 Flxed asset Invoslments Fixed asset investments are initially measured at transaction pr1 exdudlng transaction costs, and a subsequently measured at falr value at each r8POrting date. Changes in fair v8lue are recognised in net incomel(expenditure) for the year. Transaction Go8ts are expensed a8 Incurred. A subsidiary is an entity controlled by the charfty. Control is the power to govem the financial and operating policies of the entity so as to obtain benefits from its ac*ivities. 1.8 Impalrnient of fixed assets At each reporting end date. the charity reviews the carying amounts of its tangible assets to determine whether there is any indicatron Ihat those assets have suffered an Impalnnent loss. If any SLtch indication exists. the recoverable amount of th8 ass8t is estimated in order to detemiine the extent of the impairrnent loss (if any). 1.9 Gash and ca8h equivalents Cash and cash equivalents include cash in hand, deposris held 8t 11 with banks, other short-temi liquid investments with original maturities of three months or18ss, and bank overdrafts. Bank overdrafts are 6hown within bOowing8 in current liabilities. 10-
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policies 1.10 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and SectSon 12 'Other Flnancial Instruments l$$ues' of FRS 102 to all of its financial instruments. Flnanclal Instruments are recognised in the chaiity's balance sh88t when th8 charlty becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, viith the net amounts presented in the financial statements, when there is a legally enforceable rlght to set off the recognised amounts and ther8 is an Int8ntlon to settle on a net basis or to realise the asset and settle the liability simultaneously. Baslc flnanclal assets Baslc financlal assets, which includ8 debtors and cash and bank balances. are Initially measured at transaction price including transaction costs and ar8 subsequently carried at amortiS8d cost using tha effective interest method unless the arrangement constitutes a finarting tfansaction, where the transaction Is measured at the present value of the future recelpts dlscounted at 8 market rate of interest. Financial assets dassified as recelvable wlthln one year are not amortised, Bas1¢ flnanclal Ilabllttl Basic financial liabililies, including credltor8 and bank loans are initially recognised at transaction pr1 unless the arrangement constitutes a financing transaction. where the debt instrument Is measured at the present value of the future payments discounl8d at a market rate of interest. Financial liabilities classified as payable wlthln one year are not amortised. Debt instruments are subsequently carried at amortised cost, using th6 effectlve Interest rate method. Trade creditors are obllgations to pay for goods or services that have b88n acqulred In the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities rf payment is due within one year or 18ss. If not, th8y are presented as non-¢urr8nt liabilities. Trade creditots are recognlsed initially at transaction price and subsequently measured at amortlsed cost using the effective interest method. Derecognltlon of Ilnancl•l Ilabllllles Flnancial liabilrties are derecognised when the charws contradual obllgations expire or are discharged or cancelled. 1.11 Employge bonafits The cost of any unused holiday entitlement is recognised in the perlod In whl¢h the employee's services are received. Termination benefrts are recognlsed Immediately as an expense when the charity is d8mon8trably committed to termlnate the employment of an employee or to provide tsrminatlon beneflts. Crhlcal accountlng OlmaS and Judgements In the applicalion of the charty's accounting policies, the trustees are required to make jud9ements, estimat8S and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experierrE and other factors that are considered to be relevant. Actual results may differ from these estimates. estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting OStimate5 are recognised in the period in which the estlmate is revised where the revision affects only that period. or in th8 period of the revision and fijture periods where the revision affects both current and future perlods. 11
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Inc¢)me from donallons and legacles Unré8trlcted Rèstrl¢ted funds funds 2026 2025 Total Unrnstrlcted Re8trfctèd fund$ fund8 2024 2024 Total 2025 2024 tk)nations and gifts Grants 1,604 12,028 12.028 10,CK)O 45,270 45,270 10.oc 1.604 45,270 46,874 12,028 10,OC#J 22.028 Grants received represent £37.250 received from FCC for roof repairs, £5,1)00 from Virgin Media for cricket netting replacements, £2.3CYJ from Heart of England for new mobile nets and £720 to support women and gids coaching. Income from charhable a¢tlvlllo• Unre8trlcted Unre8trlcted funds fund8 2025 2024 Members subscriptlons and sectlon income - brldge Members subscriptions and section income - cricket Members subscriptions and section income - leisure Members subscriptions and section income - netball Memb8rs subscriptions and sectk)n Inrne - soclal Members subscriptions and section income - squash Memters subscriptions and section income - tennis 32,701 20,157 27,551 17,860 240 42,878 12,497 29.938 27,522 19.337 14.579 1,477 36,781 21,179 153,884 150,813 Income from Investrnents Unrestricted Unrestrf¢tod fvnds fund8 2025 2024 Rental Income Interest re1vable 30,622 22,910 1,244 31,482 24,154 -12-
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Other Income Unrestrlcted Unre8trf¢tsd funds funds 2025 2024 Other Income Phone mast income Profit on 500 Club 305 1,030 5,447 1.030 6.976 8,006 8,782 Expendlturn on charftable actlvltte• General overhead8 2025 Ground Clubhou upkeopmanagevnent 2025 2026 Bulldlng Gamo8 upkeep expen•e• 2026 2025 Totsl 2025 Dlre¢t CO8ts Depreciation and impaimient Light & heat Repairs & malntenance Cleaning Telephone Printing and stationery Computer & sofvare expenses Sundries Games expenses Rech8rged payroll expenses Sports TV & alam system Payments to gym licensee 468 7,432 55,610 4,098 982 57 7.432 74,180 4,098 982 57 12,000 6,570 1,080 4,498 1,080 4,498 75,465 3,650 7,854 15.412 7,813 11,463 7,854 15,412 12.000 100,873 6,570 71,746 190,989 Share of 8UPPOrt and governanco costs (800 nots 81 Support 56.434 58,434 56,434 12.0(HJ 100,873 6,570 71,746 247,423 Analysls by fund Unreslricted funds Restricted funds 56,434 12.000 63.423 37,250 6.570 63,528 8.218 201.955 12.C(iO 1 t)).673 8,570 71,746 247.423 13-
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expgnditure on ¢haritable actlvltles 7a Games expenses Total games 8XP8nses were £63,465 (2024 - £49,237) and relate to the following sections.. Brldge £6,06012024 - £7,343) Cricket £27.313 {2024 - £22,372} L8isure £0 {2024 - £0) Netball £11,894 (2024- £9.741) Squash £7,887(2024 - £5,893) Tennis £5,464 {2024 - £3,888) Padel £4.847 (2024 -£0) Provlou• year: General overheads 2024 Ground Clubhouse upkeepmanagement 2024 2024 Building upkeep 2024 Games expensès 2024 Tot•1 2024 Dlrect CO8t8 Depreciation and impairment Light & heat Repalrs & malntenance Cleanlng Telephone Printing arKI stationery Computer & sothvare expenses Sundri83 Games expenses Recharged payroll expenses Sports TV & alarm system 559 559 8,758 17,116 12,750 {1,174> 177 8,758 215 12,750 (1,174> 177 12,481 4.440 1,448 1,803 1,446 1,803 49,237 49,237 3,650 8,886 7,804 11.454 8.886 12,461 36,511 4,440 57,6Crf) 111,012 Share of support and goveman¢e ¢o$ts1880 note 8) Support 53,292 53.292 53,292 12,461 36,511 4,440 57.600 164.304 Analysls by fund Unreslricted funds Restricted funds 53,292 12.461 36.511 4,440 57,041 559 163,745 559 53,292 12.461 36,511 4,440 57,600 164.304 14-
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocatsd to a¢tlvltles 2026 2024 Deweciation and loss on dispos81 of assets Bank charges Interest payments Rates and water Fire and safety General manager Insurance Bookkeeplng Memb8rshlp expense Consultancy HR expenses Accountancy 9,613 10,134 195 4,877 8,030 232 5.876 3.556 4,772 11.350 7,074 16,472 3,992 5,780 4,856 1,255 3,1CKI 1.255 3,015 56,434 53,292 Anatysed between: General overheads 56,434 53,292 Net movem•nt In funds 2025 2024 The net movement in funds is stated after Chargin(Crediting)'. Fees payable to the charily's independent examlner: for the ind8p8ndent examination of the charity's financial slatements - for other servic88 Depreciation of owned tangible fixed assets Loss on dl8po8al of tangible fixed assets 3,100 5,760 7,614 2,467 3,015 4,772 10.693 10 Tru8tse8 None of the trustees recelved any remuneratlon. expenses or b8nafits from the charity durlng the year. 11 Employe88 Th8 Charlty does not have a payroll system of its own but there Is a payroll sCrne set up within th8 subsidiary company. In this year, the gross wages of one part time employee {2024 - one employee) were recharged in full from the subsidiary on the basis they work solety for the Charity. The total arnount of these retharges was £7,813 {2024 - £7,804). A recharge of £16.472 (2024 - £5,876) was made from the subsidiary company being 500k of the dub manage¢s employment costs. 12 Taxation The Charity is exempt from tsx on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to it5 charitab18 objects. 15-
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Tanglble tlxed assets Freèhold land •nd bulldlng• Outdoor Flxtstr•B and •qulpiiwirt flwngg Indoor •qulpment Lol$ur• ulpment Totsl Co$t At 1 April 2024 Additions Disposals 1,269,730 29.733 21,421 2,136 60,345 15.315 1.396,544 2,136 (8.6041 {8,604) At 31 March 2025 1.269,730 29,733 23,557 60,345 6,711 1,390,076 Deproclatlon and Impalrment At 1 April 2024 Depreciation charged in the year Eliminated in respect of dlsposals 21.8 12,504 18,199 8,251 60,850 1,567 1,627 2,654 1,766 7,614 (8,137) (6,137) At 31 March 2025 23,463 14,131 20.853 3,880 62,327 Carylng amount At 31 March 2025 1,269,730 6,270 9,426 39.492 2,831 1,327,749 At 31 March 2024 1,269,730 7,837 8,917 42,146 7,064 1,335,694 14 Flxed a88et Investments Crlcket othor memorabllla Investments Total Co•t or valuatlon At 1 April 2024 & 31 March 2025 9,000 9,001 Carrylng amount At 31 March 2025 9,000 9,001 At 31 March 2024 9,000 9,001 2026 2024 other Investments comprise: Nots8 Investments in subsidiaries 24 -16-
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Debtors 2025 2024 Amounts falllng due wfthln one year: Trade debtors Amounts owed by subsidiary undertakings Other debtors 4,477 75,789 3,322 69.766 2.736 72,698 83,588 16 Loans and ovordraft8 2028 2024 Debenture loans 8ank loans 133,214 34.125 154,714 47,967 167,339 202,681 Payable wlthin one year Payable after one year 59,818 107,521 75,500 127,181 The tharity has Iwo bank loan3. On8 18 secured by fixed charges over the freehold property, the other Is a Bounce Back loan whlch is unsecured. The debentures incur inlerest al rates belween 2% and 4% in the year unless the lender has waived the right to int8r8St. 17 Crodltorn: amounts falllng due wlthln ono year 2025 2024 Not•8 Bank loans Other borrowings Deferred income Trade creditors Ac%wals 16 10,000 65,500 14,340 12,521 38,182 52,214 28,853 33,801 36.643 19 157,115 140.543 17-
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Credltorn: amourts falling due after more thon one year 2025 2024 Notes Bank loans Other borrowings Deferred Income 16 26,521 81,000 120,530 37,987 89,214 122.440 19 228,051 249.621 19 Deferred Income 2025 2024 Other deferred income 147,383 136,780 Deferred Income Is induded in the financial stalements as follows.. 2025 2024 Deferred incom8 58 Induded within: Current liabililies Non-ourrent liabilities 26,853 120,530 14,340 122,440 147,383 136,780 Movements in the year.. Deferred income at 1 April 2024 Released from previou5 periods Resources deferred in the year 138,780 (14,340) 24,943 151,120 (14,340) Deferred income at 31 March 2025 147,383 136,780 Deferred income relat8S to a18as8 premium r8c8Iv8d In advance that is being recognised over the temi of the lease and room hire relating to a period that ends on 31 March 2027. The room hire is being recognlsed at an annual amount of £13,310 over this period. 18-
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Re8trictsd funds The restricted fijnds of the charity comprise the unexpended balanS of donations and grants held on trust subject to specific conditions by donors as to how they may used. At 1 April 2024 Incoming Resources rgsourcos gxpended Trnnsfern At 31 March 2026 Bridge fund Club drtveway repairs Mower FCC Grant Virgin Media Heart of England Women's cricket coathlng 8,799 2,822 2,080 {132) 8.667 2.822 1,744 {336) (37,250) (5,250) (2,500) 37,250 5,000 2,300 720 250 200 720 13,701 45,270 (45,468) 450 13,953 Prnvlous year. At 1 Aprfl 2023 Incomlng Re8ource8 rn8ourc08 expended Transfers At 31 March 2024 Bridge fund Club driveway repairs Mower Solar panels 8,938 2,822 2,500 (139} 8,799 2,822 2,080 (420) 10,000 {10,000) 14,260 10,000 <559) (10,000) 13,701 Bridg8 Fund The Bridge Fund relates to funds rec*ived from Bridge members that can only be specifully applied for bridge items. The balance on the fund at the year end is represented by the net book value ol assets acqulred plus the mainIng unspent bank balances. Club Driveway Repairs The Club Driveway Repalrs Fund represents monles donated by members for repalrs to the club driveway. The balance on the fund is represented by the unspent bank balances. 19-
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Restrlcted funds Mower fund To assist in the purchase of a new mower. The balance is represented by the cost of the mower Sncluded In fixed assets. Solar panels To assist in the purchase of solar panels. FCC To assist in rèpairs to the dubhouse roof. virgin Media and Heart of England For replacemenl crlckel nets. Women's crfcket coaching To support women and girls coaching. 21 Unrutrlctsd fund6 Th8 unrèstrided funds of th8 charlty comprlse the unexpended balances of donations and grant5 which are not subject to specific conditions by donors and grantors as to how they may be used. These includ8 destgnated funds which hava been set aglde out of unrestrlcted funds by the trustees for speclfic purposes. At 1 Aprll 2024 Incomlng ourc R•8ourco9 •xp•nd•d Tran•fer• At 31 March 2023 General funds 1,087,361 194,976 (201.955) (4SO) 1,079,932 Previou• year: At 1 Aprll 2023 Incomlng rnsour¢68 Resources exponded Tran8fern At 31 March 2024 General funds 1,047,329 193,777 (163.745) 10,t)00 1,087,381 22 Analys19 of net a88ets between funds Unrestrlcted fund• 2026 Ro8trlcted fund• 2026 Totsl 2025 At 31 March 2025: Tangible assets Investments Current assetsl(liabilities) Long term liabilities 1,323,895 9,001 {24,913) {228,051) 3,854 1,327.749 9.001 (14,814> {228,051) 10.099 1,079,932 13.953 1,093,885 -20-
COVENTRY AND NORTH WARWICKSHIRE SPORTS CLUB NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 22 Analysis of net assets between furKIg Unrestrlcted fund* 2024 Restrfcted fund• 2024 Total 2024 At 31 March 2024: Tangible assets Investm8nts Current assetsl(liabilities} Long term liabilities 1,331,372 9,001 (3,391) (249,621) 4,322 1,335,694 9,001 5,988 (249,621) 9,379 1,087,381 13,701 1,101,062 23 Rdatèd party tran8actlon8 At the balance sheet debenture$ of £28,000 (2024 - £28,OCKJ) were owed to 2 (2024 - 2) trustees. The interest due on these debenture5 during the year amounted to £1.040 (2024 - £1,040) bui these amounts were waived. 24 Subsldlarl These financial statements are separate charity financial statements for the year ended 31 March 2025.. Details of the charity's subsidiaries at 31 March 2025 are as follows: Name of undortaklng Reglslgrgd office Nalure of bu8lne88 Cla88 of % Held sharns held Dlrect Coventry Sports and Functions Ltd United Kingdom Commercial activities of a sports club Ordinary 100.00 The aggregate capital and reserves and the result for the year of subsidiaries exduded from consolidation was as follows: Namg of undortaklng ProfiV(Los8) Capltal and Re8erve8 Coventry Sports and Functlons Ltd 20,229 (56.394) As noted above the subsldlary company, at the balance sheet date, has net Ilabilities of £56,394 and a balancè of £69,766 is owed by the subsidiary to the Charity at this date. The charity has agreed not to demand repayment of the amounts owed for the foreseeable future and will continue to provide support as necessary. On thi5 basis the subsidiary company is deemed to be a going oncem. 21