Charlty ReBistrati¢7n No. 1172903 Company P40. CE009910 clEH0PEs COMMUNITY SPORTS AND EDUCATION CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEfvIENTS FOR THE YEAR ENDED 31 MARCH 2024
CLEETHORPES COMMUNITY SPORTS AND EDUCATION CIO LEGAL AND ADMIN15TRATIVE INFORMATION TfUStees Matthew Brown Ruhal Alom Thomas 8rookes Gary John Lu5tv James Crawford Amanda Carroll Chaylty numbÉr 1172903 Company ReOstrotion number CE0099to Address The Trin Centre Trinity Road Cleethorpes N E Lincolnshire DN35 8UN Independerrt exami#er A P Robinson & Co IGrimsbyl LLP Chartered Accountants 107 Cleethorpe Road Grimsbv Ncrth East Lin¢oln5hire DN313ER
CLEETHORPES COMMUNITY SPORTS AND EDUCATION CIO CONTENTS Pagelsl Trustees repts Independent examiner's report Statement of financial activitie5 Balante Sheet io Notes to the financial statements 11-18
CLEETHORPES COMMUNITY SPORTS AND EDUCATION CIO TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 ThÈ Trustees present this e)rtÈnded report together with the independently emamined accounts for the year ended 31 March 2024. The financial staternents have been prepared in accordance with the accounting policies set out in note I te the f5nan¢ial statements ènd romply with the charity's governing document, the Charities Act 2011 and -Accounting and Reporting by Charities.. Ststement of Recommended Practice )ppllcable to charitie5 preparing their financial statement5 in accordante with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. las amended for accounting periods commencing frotn l January 20161. Ob ectives and Activltle5 Obie£tlve5 and alm$ The purpuse of the £hartty is to promote for the benelit of the inhabitants of Cleethorpe5 and the Surrounding area of North East Lincolnshire the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age. infirrnity or disablement, financial hardship, or social and economic circumstances or for the public at lar8e in the interests 01 social welfare and with the object of improving the condition of life of the said Inhabitant5. Our Charity is founded orj three pillars of which we direct our focus, these are Community. Sports and Education. Fo¢u55ing on these three areas gives us d¢rection and purpose in our strategic planning and operations. Our activities include the followinE.' Community Youth Engagernent activities such as our traditional Youth Club. music sessions. cooking and programmes whith include the Duke of Edinburgh project. We run school holiday pToerarnFne5 for children and young people frorn lower 5¢xio-econornic back8rounds We work with over 2(X) children arTrd familie5 locally providing activities and food during the School holidays. Working in partnership wlrh local stakeholders we offer advice for young pèople out af education, tiaining and employment, we offer advice for people suffering from health conditions and we èlso offer somewhere to go and somebody to talk to, Sport Our sport5 and exercise prograrDmes are split between sportfor recreation. competition and education. We recognise the power of sport and exercise and how being active aThd involved in a sport can impatt a persons life. We run a variety of sports 3nd exercise programrnes which focus on ¢nclusivity and engagement at all levels and ages. We run sessions for people with disabilities, free sesstons for people on low-lncome streams and sessions for minority groups. Our sports offer Includes the main5trearn sports such as football and netball but we also run sessions such as boxing and other activities including parkour, skateboarding and par3SPOrts. Education We are commStted to help tackle the national and local issues 5urroundin8 education. Wtth high leve15 of unernployment and low levels of educatitsn in our area. we support people of all ages learn new ski115, offer free educational programmes and provide links Inio employrnent.
CLEETHORPES COMMUNITY SPORTS AND EDUCATION CIO TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 WÈ support the Department for Work and Pensicns runnlng an Employability Prograrnme. Wè rtjn educational projects such as cooking, music, gardening and life skills Courses. We run free English, Maths and IT coursès of all levels. Supportlng the local education authority we hève started to support those children and young people that have beeft expelled from mainstream Èducation. To date this has been really successful 3S the nature of our organi5ation mean5 that we can 5UPPOrt durit7g school hours whilst offering additional 5UPPOrt through our Youth Service5. Trustees are appointed to ensure they meet the characteristics expected in the Charity Cornmi5sion. They are given clear guidance of expectations and their duties are included within the constitution witch all Tru5tee5 have ar¢ess te. Grant submissions are basedldirettly linked to our 5 Year Strategic Plan to ensure any grant submi55ion5 3re based on its kev strategic objectives. agreed by the Trustees Board and in tum 5ub5equently linked to and reflected in our yearly operalional plèn5. Opportunistic gr3llt5 that are mèdÈ available are assessed on the local 'needs Analysis, of our target audience, linkage with our Strategic Aims and assessed on operational capacity. again which is linked to our yearly oper3tion plan. All our aetivlties dSrectly Ilnk to one of our key a¢tivitleslpropose i.e.. Communlty. Sport, EdUrIOn and out target audiences. Many examples of our programmes are described above in the Summary of Main Activitie5 Section. We have a team of 9 volunteers that support the day-to4ay staff with project5 and clubs. The ¢ornmitment varie5 from one hour per week up to 10 hour5 per week_ The contribution fTom our volunteers enables us to meet the demands and support that our community requires. In addition to this we have extended volunteers that contribute towards the 5POrts teams that ate afflliated to our sports team5. These include committee members, coaches, safeguarding roles, secretaries and trea5urer5 for each tearn. Using the same model and proce55 that any paid eTnployeÈ would be expÈrted to go thfough, is the way in which we manage our volunteers. As an organisation, we would identify a need for a volunteer then advertise the posilion as an officlal role. In recent tlmes we have foLFnd the cost In recTUlting, training and edu¢ating our volttnteÈrs has increased significantly, therefore a strone recruitment process rnust be followed.
CLEETHORPES COMMUNITY SPORTS AND EDUCATION CIO TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Achieve ents nd Perftsrmance As the only community centre in Cleethorpes, the demand of serving a population ¢Jf 40,000 can be overwhelming. Retrospect to this. our community members engage and support us, whilst challenging us with the line of dirertion and opportvnities that they require. We have over 2,IJX) rnernbers of which we work with on a weekly basis. The feedback from consultation with those mernbers support5 a Strong case that we are 1dent1.ng the 5UPPOrt our community needs and demonstrates a clear focu5 towards athieving our obJettive5. The number of partners and stakeholders th3t we work with is growin8 as is the need for our organisation. We continue to have an impatt on reducing anti-social behaviour in our area amongst other benefits in which we record. Whi15t we collect our own data and reporting, we collect inforrnation from our partners and stakeholders which confirms our need and fundamentally that we are best to delivÈr our projects in our cornmunity. We have collected data to identify and measu our irnpact within the community. We have usÈd several method5 to collect th15 data including surveys, di5CUssion5 Wlth the general public. discussions on social media and interacting with our partnèrs and other stakeholders. BÈlow are some of the most notable achievernents tht5 year.. •1,082 people artend our community exercise provision ea¢h week 281 people enrolled on one of our education progr2mmes wlth over 2,198 hours of educa0 delIved 97% of our service users have improved £onftdence since engaging with us •39 people who were previou5ty unemployed are now in employment since working with us •IOO% of the service users that we asked told us that they have improved their mental health since workin8 with us We set clear objectives and targets each year.. this enables us to operate efficiently with purpose and direction. Llsin8 local data and iriforrnation, fact finding and surveys/consultation with our community members we form the basis for our planninE and objectives. This information will then be rommtsnicated with staff and volunteers through group work and individual •pprai5als and one to ones. The objectives are then logged on the charity HR portal with all staff and volunteers have ètcess to. auirterly reviews of these objectives are monitored by the Senior Leadership Team and dixu$5ed at the Trustee Board meetin8S. Our strategic focvs lor fundraising 15 determined by our obje¢tive5 set out in our annual planning. The planning is created 3fter comfflunity consultation. tonsultation with other VCSE groups locally and local authority objectives and tarÈet5 identified in the S-year plan. We are turrently mana8ing several large 8r4nt5 that are 5UPPOrtinB our developments in capital projects. revenue and support with individual projects The largest project we are currently managing is construction of a new Sports Facllity funded by ihe Youth Investment Fund. This project will enable us to grow each pillar of our organisation with more focus on ouryouth provision.
CLEETHORPES COMMUNITY SPORTS AND EDUCATION CIO TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 At the beglnning ol each year OUT charity CEO wlll establlsh our annual obje¢tives In support of the Trustee Board. Other large projects include grBnt5 received from the National Lottery and Children In Need, both for three year project5. We have retsntly submitted ovr first year report back to both funders, we have received good feedback from both. The nature of our organisailon will always require grant funding to support much ol our provision. Whilst this is somethin8 that we w¢ll continue to manage, we are now p13nning our next five year strategy that will enable the charity to become less reliant on grant funding and more sustainable on charitable seCeS. We have investments at the current value of E21,549 which are distributed between several businesses across the UK, A5iB, Europe and North Amerlca. Before investing we measure each company ag3in5t the criteria contained within our Investment Policy. We receive expert advice from a Financial Advisor at St. James Place to ensure that our inve5tment5 are rnonitored and rnanaged accordingly.
CLEETHORPES COMMUNITY SPORTS AND EDUCATION CIO TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Financial revlew The charity made an tsnrestri£ted surplus during the year ending 31 March 2024 01 £78.66112023.. £6.7S71 and a restricted surplus of £404.26312023.. £35,5251. For the year ended 31 March 2024 unrestricted reserves stood at £138,31112023.. £59,651). For the year ended 31 March 2024 restricted reserve5 Staod at £439,78812023= £35,525). CCSE doe5 not believe that'holding reserves Is ullnece55ary' Such a position would not allow CCSE to successful rnitieète any identified ri5k5. Hence the p051tion outlined above. CCSE is not in a deficit situation. We generate income from subscriptions to access activities, facility hire, partnership work through the local Èducation authoritie5, schools and colleges and also from fundraising through campai8ns such as crowdfunding and events. Our Investment Policyi including Objectives, and key performance indicator5 have been developed and '5igned-off / approved Quarter4 202312024. The ongoin8 rssks facing the charity are.. Local.. Intre8sed derpand due to prevtOU51y identified social. health and economic rea50n5 and the risk 15 can we upscale capacity in a tlmÈly fashitsn. Regional.. Limited regional grants available. This could limit the resource the charity could apply for. National.. Avallability of grants. ChanEe in Govemment Policy.
CLEETHORPES COMMUNITY SPORTS AND EDUCATION CIO TrUSTEES REPORT FOR ThlE YEAR ENDED 31 MARCH 2024 Structure. governante and rnanagernent The Charity is a Charltable Incorporated Organisation ICIOI with an association Governing Oocument. This was registèrÈd or¢ May 2017. The members of the tru5tee5, who are also the directors for the purpose of cornpany law, and who served durin8 the year and up to the date of signature of the financial 5tatetnents were.. Matthew Brown Ruhal Alom Thomas Brooke5 Gary John Lusty James Crawford Amanda Carroll Selecting individuals for appointment as charity trustees, the charity trustees must provide fvll disclosure of interests, have gard to the 5ki115, knowledge and experience needed for the effective administration of the CIO. The Charity norrnally recruit5 trustees based on the gaps in skill identified by the trustee board. The charity trustees will make available to eath new charity trustee, on or before his or her first appointment.. lal a copy of the current version of this con5titution,' and Ibl a copy of the CIO'S lètÈst Trustee5' Annual Report and statement of account5 Icl copie5 of all policies and procedures Idl formal iTaining by the General Manager of expectations. Yhe charity has a structure of.. Trustees Executive Dire¢tor- Operations Manager- Duty Managers Administration - Program Leader5 - Programme Assistants. The Charity ha5 a number ol relations wth a wide range of strate8ic partner5'. including the following (but this is not an Youth Investment Fund IYIFI NetUK Sport England PWP (Oepartment for Work & Pension51 DCMS (Department for Culture MEdia & Swrtl The Nationa1 Lottery oost Charitable Trust Clothworkers Found8tion Children In Need Garfield Western Trust N(>rth East Lincolnshire Couft¢il Member of Parliament for Cleethorpes Humber5ide Police Youth Offending Team INELC Council) The Football A550ciation England Boxing Netball England ThÈ Grimsby Instituttr ol Furthei ènd Higher Educ8tion Local schools
CLEETHORPES COMMUNITY SPORTS AND EDUCATION CIO TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Aes onsibilities of the ttusttes forthe attounts The Trustees are responsible for preparing the Trustees. report and the financial statements in accordance with applicable law and regulations. The Truste25 rnust not approve the financial statements unless they are sat15fied that they give a true and fair view of the state of affairs of the charity of the incoming resources and application of resources, including the incorne and expenditure. of the charity for that period. In preparlng these financial stateFnents, the Trustees are required to.. Select suitable accounting polic5es and then apply them consistentty,. observe the methods and pr*nciples in the Charities SORP,. make judgrnents and estimates that are reasonable and prudent,. state whether applicoble UK accountirTrg standards have been lollowed. subject to any rnaterial departures disclosed and explained in the fin#nci215taternents.' and prepare the fInanC31 statements on the going concern basis unlE55 It is iDappropriatE to presume that the charity will continue in business. The Trustees are responsible for keeping adequate accounting record5 th3t are suffi'cient to show and explain the charity's transactions, disclose with reasonable accuracy at any time the financial p051tion of the charity and enable them to ensure that the financial statements Comply with the provisions of the Chariws constitution. They are also responsible for safeguardin8 the assets of the Charlty and heMe for taking reasonable steps for the prevention and deiectlon of fraud and Insofar as each of the trustees of the charity at the date of approval of this report is aware, there is no relevant audit information linformation needed by the charitws indèpendent examiner in connèttion with preparing the audit report) of which the ch3rity's examiner is unaware. Each trustee has taken all of the steps that helshe should have taken as 3 trustee in order to rnake himsell/hersell aware of any relevant audit information and to establish that the charity's independent Èxaminer is aware of that information. This Annual Report of the Trustees. prepared underthe ChaTltie5 Ac(2011, w3s approved by the Board of Trustees on MT Matthew Brown Chair tsf The Trustee 8oaTd
CLEETHORPES COMMUNITY SPORTS AND EDUCATION CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CLEETHORPES COMMUNITYSPORTS AIVD EDUCA TION CIO I report to the trust@@s on my examination of the financlal statements ol Cleethorpes Comrnunity Sports and Education CIO (the charityl for the year ended 31 March 2024. Responsibilities and basis of ieport A5 the tru5tee5 of the charity you are re5pon5ible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 Ithe 2011 Art). I report In respect of my examittation of the charity's financial statements carried out under Section 145 of the Charitie5 Act 2011 (the 2011 Actl. In carrying out my examination I have followed all the applicable Dirertions glven by the Charfty Commi55ion under section 145ISllbl of the 2011 Act. l*dependenl examinei's st•tement Your attention is drawn to the fact that the charity has prepared financial statements in accordante wlth Atiounting and Reporting by Charities preparing their accounts in accordance with the Flnancial Reporting Standard appllcable in the UK and Republic of Iland IFRS 1021 in preference to the Accountine and Reporting by Charit¢es.. Statement of Recommended Prartice issued on l April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that thls has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or 3fter l January 2015. I have completed my examination. I confirrn that no matters have come (o my atrention In connection with the examination giving me ¢ause to believe that in any rnaterial TespÈtt'. accounting records were not kept in respect of the as required by section 130 of the 2011 Act.. or the financial statements do not accord with those record5', or Ehe financial Statements do not tomply with the appllcable requirements concernin8 the form and content of Andrew Robinson Bcom IHon51, FCA A P Robinson & Co IGrim5byl LLP Chartered Accountants 107 Cleethorpe Road Grimsby North East Lincolnshi DN313ER Dated..
CLEETHORPES COMMUNITY SPORTS AND EDUCATION CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Re5tri¢ted funds Total Total 2024 2024 2023 Notes Income from: Donatson5 and lÈga£ies Charitable activities Sl,915 209,572 613,001 664,916 209,572 152,347 157,876 Total incom* 261,487 613,001 874.488 310,223 ndlture on.. Charitable activities 182,826 208,737 391.564 267,941 Total re$our¢w expended 182,826 208,737 391.S64 267,941 Net income forthe yearl Net movemerrt in funds 78,661 404,263 482,924 42.282 Fund balance5 at 31 March 2023 59.651 35,525 95,175 52.893 Fund balances zt 31 March 2024 138,311 439,788 578,099 95,175 The statement of financlal actlvlties Includes all gains and losses recognised in the year. All income and expendltLtre derlve from continuing acttieS.
CLEETHORPES COMMUNITY SPORTS AND EDUCATION CIO BALANCE SHEEr AS A T31 MARCH 2024 2024 2023 Note$ Fixed assets Tangible a55et5 lfttan8ible Assets 175,D90 S.913 18.676 Non rurTent assets Investments io 20,OLY) rrent as$et$ Debtors Cash at bank and in hand li 26.940 401,655 7.585 139.269 428.595 146.854 Creditors.. amounts falltng due wlthln one year 12 39,3631 1 4S.4541 Net curtent asseis 389,232 101.400 Total ossets le$$ current liabilities 590,235 120,076 C¥editors'. amounts falling after meth8n one year 13 12.1361 1 24.9011 Total assets less current liabilities S78.099 95.175 Income lunds Restri¢ted funds Unrestricted funds Gener31 unrestricted fund5 14 439.788 35,525 15 138.311 59.650 578.099 95,175 The finan¢ial staternents were approved by the Trustees on.. Mr Matthew Brown Chalr of TheT1ts5t¢e Brd io
CLEETHORPES COMMUNITY SPORTS AND EDUCATION CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ounting policie5 Chatlty infDnnatlo aeethorpes Community Sports and Education ao is a private company limited by guarantee inCDrporated in England and Wales. The charity number Is 1172903. Ac¢ouniinitohvenlo The financial statements have been Pfepared in accordance with the Ch3rltle5 SORP FRS 102 applicable to charitie5 preparing ihoir account5 in Kcordance with FRS 102, the FID4n(ial Reporting St4nd&rd applicablE In thE UK and Republit vf Ireland, the Cornpanles Act 2006 and UK Generally Accepted Practice as Itapplies from ljanuary 2015. ThE Charity meets the definiticn Df a pub4ic bEnefit entity under FRS 102. A55et5 and liabilities arE initially recognised al historical 5t or transaction value unkssotherwise stated in ihe relevant accounting pdicy notel51. Golnl concorn t the time of approvin8 the financial 5taiement5, the tru5tee5 have a rea50nablp expectat Ihat Ihe thariiy ha5 adequate resources to tontinue in opÈration31 existence fol the foreseeaNe future. Thus the iru5tees continue to adopt the 8olrb8 concern basis of accounring in preparing Ihefinancial stitements. Chafftable rtd5 The Funds held by the ch31rty are.. Unrestricted funds are availae for use at the discretion of the trustees in furtherance of their eharitaut ¢bledive5 UTr55 the funds hawe been designated forother purposes. Incoming Fesources Income is recogni5ed when thE charTty Is leeally ÈntitlÈd to it after aw pérformance tonditions have been met, the amounts can be measured reliably, and it is probable that incoffle will be received. Cash donations are reco8nised on receipi. other donatlons are recogni5ed once the ch41ity has been rhDtifiÈd of thE donati, unless perfarmaDce conditions requirÈ defeiial of the amount. Income tax reco¥eFable in relation to donations re<eived underGift Aid or deed5 of covenant 15 recognised atthe time of ltte donarion. Leearie5 are recoBDis£i OD receipl or Dthenwise If the charity has been notified OF an irnpending distributKin, the amount is known, and receipt is expected. If the amount ts not known, the leeaty istreated as a contingent asset. Turnover is measured at the fair valuE of the co¢sideratioD reieived tsr reCtble and represents amounts receivable for 8QOL15 and services prtyvided in the noimal course of business, netof discounts, VATand other sales related taxts. li
CLEETHORPES COMMUNITY SPORTS AND EDUCATION CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Tangi4le and intanwble fixed a55ets Non-CurreDtAssets are to be deyeclated to reflett rhe rÈcoveraWe amount in the financlal sratements. overthe useful Ilfe of the asset. The depre¢iation will be calculated On an annual bèsis for preparation of the ytarend ac¢ounts. Glouw of a5set5wiII use the same method of depreuaticn. Thtre mayvery occasionally be aTr a55et that doe5 notcompletelyfit intv one of the categories below and the Finance. Resource and Premises Comm¢rtee wll discuss these items on an indivldual basis. Flxtuies. fittin85 & equipment,. Motorvehicles-, ComputeTeqvipment'. Land & Buildin8s leasehold 20% stTai8hr line 33.5% 5tratght line Z% straighl Iln The g¥in or1055 ar15ing on the di5P05al of an a55et 15 determined a5 the difference between the sale proceed5 and the cirrying value of the 3Sset. and is recognd in net incomellexpenditurel for the ye31. Intsn8iblefiKed a55ets Plon-curreht Assets art tv be depreciatEd to rdect the recoverable amount in the financial 5tatement5. over the useful life of the sset. The depreciation will be c31culated on an annual ba515 for preparation cf iheyear end Kcounts. GrDUPS of assètg will thè SaTnÈ mÈihod of dÈprti3tion Therè may very tst¢3sionalty be an asset that do$ nor cornpleiely I into one of the categories bekiw and the Finance, Resource and Premises Commiitee will discuss these items on an Individual Intangible asset ZO% strèightline The £aln or1055 arlslng the disposal of an asset is determined as the difference beTh¥een the sale proceed5 and th¢ carryin8 wdlue of the a$5et. and is reiO8nised In net Intomellexpenditurel for thEyeèr. Cash 5h equIlents Cash and cash equivaleTrts include cash In hand. 1Sep05its held at call with bank5. Other short-tefm liquid investments with original m?turitie5 of three months or ss. and bankoverdrafts. Bank overdrafts are shown within borrowin8s in current liabilities. 12
CLEETHORPE5 COMMUNITY SPORTS AND EDUCATION CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEOI FOR THE YEAR ENDED 31 MARCH 2024 Financlal instrurnents The tharity has elected to apply thE provisions of Sectn 11 '6asit Flnanti31 InstrumÈnts' and 5ecEion 11 'Other Financial Instruments Issues, of FRS 102 to 311 of its financial inslrurnenis. Financial Instruments are recoBnised In the charity's balance Sheet when the Charlty becomes party to thè contraciual provislons of thÈ irsstrument. F1nancial assets and liabllitles are offset, with the net amounts preseTried in the flnancial statements, when there is a legallv enforceable right to set off the reco8nised 3mounts anil therp is an iThienik)n settle on 3 nÈl basis or to realise the asset and settle the IiabilitY5imultane0u5. Bosicflnt7nclolosSEts Basil financizl assèts, which Include debtOFS and ia5h and bank balance5. are initi315y measured at transacrion prlce IncludinÈ transartion cost5 and are subsequently tamed èt amortised tost using the effective Interest rnethod unless the arrangement COn5titute5 3 fin3ncin6 transaction. where the tran56cIN)ll 15 measured at the piesent of thÈ future rÈceipt5 dlscountÈd at market of Interesi Flnantlal assets C151r1ed a5 receivable within one year are not amortised. B05i¢finonctulliobllittes Basic flnanclal lialitIe including credrtor5 and bank Ill5 are laitially re¢¢gnised 4t transattion pr1 unless the arrangemenr ¢onstitute5 a financin8 transaction. whèTè the dÈbt Instrument is measured at the present value of the fvture payments discounted at a market rateof interest. Financial liabilitie5 classified as payab5e thin one year are noi amortised. Debt InStrUentS are subsequently tarried at amortised tost. using the effective inrefest rate method. Trade crediror5 are obligaiions to pay for goods Of Services that have been acquired in the ordinary course ¢1 oper•rions from suppliers. Amounrs payable are tlassifted as current 113bilities rf payment 15 due wihin one year or le55. If not, thEV afE presented as non-cuffent Trade credltors are recognL%ed Init1311y at transaction price and 5ub5equently measured at ainort15eLI tost usinw the effectwe iTrterest rnethod. uereeognltion oAfinonciolllobllitles Financ161 lj?bilitie5 are derecognised when the chantvs contractual obligation5eKpire or are discharged orcancelled. Crltical a£ntIng esilmatss andludsernent5 n the application of the charltvs 3c(vunting policles. the trusttes are requlred to make judgernents, estlm3tes and 3ssumptions bout the tèrryiDg amount of assets and Ilabilities ihèi are not readily apparent from other sources. The estimates and associaied as5UmPtions are based on historic experience and other fartois that are considered to be relevant. Actual results may differ from these esiimaies. The estirnates and undeilying assumptions are reviewed on an ongoing basis. Revi%ions to attountin8 Èstimates are recognised In the period In which the e#im8te is rethsed where the revision affects only that period. or In thE pervjd Df the rEWSiL and future pErioi15 where the rewsion affects both ¢urreni and futtsrè period*. 13
CLEETHORPES COMMUNITY SPORTS AND EDUCATION CIO MOTE5 TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Dorbations and le8xles VnM#rlthd funds 2024 Re#rl¢¢ed funds 2024 Total lunds 2024 funds 2023 Donation5andgifts Grants 26.915 25,000 26.915 638,001 .387 91,960 613.001 51.915 613,OOL 664.916 152.347 Chaviiable artNities Total Z024 2023 Charitable acttIeS Servite5 fleimbursements Bank Interest 189,634 18.570 639 728 30,299 125.696 1,766 209.572 157.876 Analysis by fund Unrestricted funds Restricted fund5 2(V).572 157,876 209.572 157,876 14
CLEETHORPES COMMUNITY SPORTS AND EDUCATION CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Charttab acti11•5 Total 2014 Total Z013 Advertising Costof labour SubtOntractDf5 Cost of sales OfficelGener31 AdmSnlstrdtwe expènses Other professional 52rvKe5 Phone costs PriDtin8, P05ta8e and stationery Travel and Accommodation omputercosts Insurance Staff trainin8 1,831 264,937 5,758 15,331 2,123 30.410 4.233 3,616 2.059 12.343 7,709 3.703 4,761 881 12.444 7,577 214 7,259 567 1,629 146.752 14,850 11,382 1,667 30.530 3,113 2,960 4.812 5,338 7.034 L492 5.723 Motor expense5 Repairs Sundry Bank char8es DeptÈti3tion and impairment Amortisation 22,084 3.276 33B 1.020 387.754 264,(K)I Share ofgovernènce costs 3.810 3,940 391.$64 267,941 Anatysls bylund Unrestrided funds Restfltted funds 179.016 208.737 195.516 68,485 387,754 264,001 Tw$tee5 None of the trustees lor any perso connected with theml received any remuneration or benefits from tho ¢harity durin8 the year. Empltyees The average mDnihly humbEr ufemployees duringthe year was.. 2024 14umber 2023 Number 19 13 Is
CLEETHORPES COMMUNITY SPORTS AND EDUCATION CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Tan8lble 14xed assets land & buildln85 Mtrtor ¥ehlde5 Fixture5, fittiny & ipmènt Computer equipmetit 8ie I work Total Cosi At l April 2023 Additions 12,500 118,6ZO 3,135 11.428 2,285 9.572 1,776 19.695 164,620 25,(MM) At 31 Marth 2n24 131,120 25,LK¥J 14.563 11.857 L776 184,315 Depieclaiton and IMient At l April 2023 Oepreciation charged in the vear 1.175 391 194 2,108 330 1,398 266 414 1,966 7.259 3.730 At 41 Maich 20Z4 784 3,730 2,302 1.728 681 9.225 C•rrying amount At 31 Marth 2023 11,325 2,940 1,954 1,509 17,729 At 31 March 2024 130.336 21.270 12,261 10,128 1,095 175.090 Intswble fixed assets Yotol 55et5 Cost At L April 20Z3 6,480 At 31 March 2024 6.480 Depreclatiots and impalMnt Al l April 2023 Amortlsation ch3r8ed in th year 567 567 At 31 March 2024 567 567 C•tryinK amount At 31 March 2023 At 31 Marth 2024 5.913 5.913 16
CLEETHORPES COMMUNITY SPORTS AND EDUCATION CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 io Non ¢urrent ets 1024 2023 Investmerts Investmènts 20,000 20,000 li Debtor5 2024 2023 Amounts falling duPWith oneyear.. Trade debtors Other debtors 26,840 LOO 7,585 26,940 7.585 12 CreditOTS'. amounts lallln8 duo wlthln oneyear 2024 1023 Trade Creditors VAT othertredittsrs Actruals Loans othertsxaiion and Social Security Land & Buildln8s leasehold 36 23,578 23.578 6,250 3.LSO 12,500 35 100 12,500 27 100 39.363 45,454 17
CLEETHORPES COMMUNITY SPORTS AND EDUCATION CIO NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR EAIDED 31 MARCH2024 CreditOT5.' amounts fallln8 aftev more than oneyear 2024 2023 Trade Creditors 36 12,SOO 12.100 land & Bulldi¢y leasehold 12,1fy) 12.U6 24,600 14 Statem•ntot r•strlcted funds The iDcorne funds of the charity Include restTrcted funds comprising the foltowing unekpended baLin¢es of donations and grant5 held on trust for spodflc PrpOSes. Movement in lunds Balance at Incoming 31 March 2023 rfrsources Resources èxpènded Twan51er4 Balar*eot 31 Mèr¢h 2024 Active Trlumber Resllience Fund BBC Children In Need B0ts5l Charity Trust Clolhworkers Fund HAF- Holidèy Club illion Hours Fund PCC Grartl Physi¢allyActive Grant Shared ProsperityGiant Sport England The Yovng and Safe Team TNL Reaching CornmuniLies Tribune Trust Capital Grant Skatepark YIF (Youth Inwe5tment Fund) FLxed asset fund i.t20 29,345 5,928 25.000 60.668 19,DS7 8.749 3,000 11,98S 1.12Q 31,172 5.928 25.0 78,928 9.666 9.781 4,014 11,985 2.101 7,680 15,009 2.0( 144.529 1,8271 18,260 9,390 1,0331 1.0141 1.085 1.0171 7,680 60,035 2,WO 378.435 3,181 48,208 12,998 246.gm 138,176 138.IY6 35,525 613,Tr11 348.914 138.176 437.788 15 Statement of uTrre5tr1ctEd lunds GeneTrl knnd 2023 At 31 March 2023 Surplu5 forthe ye3r 59.650 78,661 52,893 6.757 At 31 March 2024 138.311 59,650 18