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2023-02-28-accounts

Trustees. Annual Report for the period I Period start dale IDay01 Month 04 Period end date 28 rilh 02 Ye8r 23 From Section A Reference and administration details Charity name Barrow Island Community Sports Trust Ltd Othor nam88 charity Is known by BICST Ltd Registored charlty number {rf any) 1159561 Charity's principal address C8V8ndish Park, Island Road Barrow Island Barrow-in-Fumess. Cumbria Postcodo LA14 2SB Names of the charity trusts88 who manage the charity Trust•e name Offlce Ilf any) Dates act•d ff not forwhol ar Nam¢ of person lor body) entitl•d toap Int tru8tee Itan Robert Huitson Robert McAlt)one Stephen Bailey Laura Morgan Deborah Morgan Chaiman Tr8asurer (Football Rep) Secretary Director Who18 Year Whole Year BICST Ltd BICST Ltd BICST Ltd BICST Ltd BICST Ltd Whole Year Whole Y8ar Whol8 Year Names of the trustees for the charlty, If any. (for example, any custodlan trustees} Name Dates actod rf not for whole ar Nam•s and addresses of advisers (Optional Information) Type of Namg Address adviser Name of chlaf executive or names of senior staff members {Optlonal inforniation TAR March 2023

Section B Structure, overnance and mana ement Descriptlon of the charity's trusts Constitution adopted 19 May 2014 Type of goveming document (eg l usl dee(i. constilulioii How the charity is constituted leg Irusi. lion, Lorr)par Incorporated Charitable Trust Trustee selection methods leg appointed by. plecip.rt b I I Volunteers elected from membership. Addltional govèrnance Issues (Optional Infomiatlon) Business Plan 2022 Health and Safety Policy Lease with Barrow Borough Coundl {Landlord) You may choose to indude addition81 infomation. where relevant, about.. pollcles and procedures adopted for the induction and training of trustees; the charity's organisational structure and any wider ne￿ork wth which the d￿rity relationship with any rèlated trustees, consideration of major risks and the system and procedures to manage them. Section C Objectives and activities Tho promotion of Community parti¢ipatron in healthy recreation for the benefit of the inhabitants of Barrow Island and surrounding areas, by Ihe provision of facilities for the playing of sports and other leisure activities. Summary of tho objects of tho charity set out in its governlng document The provision of a safe wami, w81coming environment for community groups and individuals requiring assistan￿ and advice. TAR March 2023

The Trustees have instigated a programme of building and ground maintenance to enablè sporling activities to take place on the playing fields. Proposed improveménts to the drainage on the pitches will alleviate fixture problems with the local leagues for both Rugby and Football, allowing more g8m8S to be arrarvJed throughout the s6asons. The Trustees have invited th8 local Junior School to use the facllitSes for their Sports Day. We have extended this invitstion lo TS Sovereign, the Local Barrow Island S88 Cadet Unit to use for their outdoor aclivities. The building of Cumbria University Campus on Barrow Island may provide the opportunity to work with the University Trustees to provid8 sports and recreatlonal delivery classes as part of the curriculum. Summary of the main actlvities undertaken for the publlc benoflt in relation to those objocls (include wfthln thls sectlon the statutory doclaration that trustees have had rngard to the guldance issued by the Charlty Commission on publi benefrtl During th8 2023 football season we are taking on an additional 7 Junior Football teams to incorporate a wder take up of sport and social activities associated with the increase in numbers involved. I can declare that the Trustees have had due regard to the guidance issued by the Charity Commission on Public Benefit. Addltlonal detsils of objectlves and actlvltles {Optional irfomiation) The project is run by Trustees and volunteers, with guidance from 8 Big Local Rep employed by Big local trust. The volunteers, tasks include ground and building maintenance, pitch hire to local sports teams (football, rugby. and ladies, foolball, all at various age groups. Communlty Hub hire to local organisations and individuals. You may choose to include further statem8nts. where relevant, about.. policy on grantmaking., policy programme r8lat8d investrnent. contribution made by volunteers. TAR March 2023

Section D Achievements and performance Summary of the maln achlevements of the charity during the year On 2nd February 2017 we became an Incorporated Charity, Barrow Island Community Sports Trust Ltd, Company No 10598525. All Trustees are now Directors registered with Companies House. The Board meets regularfy and continues lo lake note of the requirements and wishes of the lor21 communlty through its liaison with the partner group Barrow Island Comrnunity Trust who hold surgeries with residents on Barrow Island issues. This enables good channels of communication to ensure meaningful dialogue is maintained. Following the hugely successful events held throughout the year the Barrow Island Community Sports Trust Ltd IBICST Ltd) ¢ontinues to 6UPPOrt and facilitate events for the local area. The Hub is now fully functionlng and making income to be seK-suffi¢ient. The Cumbria Masterfs Rugby League Festival was hosted by BICST Ltd; this event involved 12 visiting teams from Cumbria, Lancashire and Yorkshlre and was very successful. The Community Hub provided and hosted Chrislmas Parties for both local Senior Citizens and children and is also a well-used venue for dance troupes, Amateur Dramatic groups and other organi8ations offering Yoga, Pilates and Craft Fairs. BICST Ltd is very proud of the achievements made in such a short period of time. The Board int8nd to bulld on these successes in 2023 and aim to identfy and resolve any issues that may impact on the local and wder Barrow communFty before they affect individuals or groups. We also are justifiably proud of the work canied out by local volunteers to continuously improve the sports pilches to enable various teams to enjoy c18an and playable pitches for a small proportion of the year. Partnerships have gone from strength to strength over Ihe last year. We established a Wami Hub throughout the winter to support residents from the Barrow Area in general by the provision of a space for them to meet others and have a meal rather than remain isolated in their homes. We have established a dialog with the Suicide Safer Cumbria group and have s8veral volunleers booked on to training events through th8 coming year. The aim of this is to deliver a meeting p18ce and safe refuge for those affected by suicide or self-harm and to provide advice and contact infomialion. After coming out of the pandemic lockdown both hall and sports pitch use is increasing steadily. Groups now using the hall include. Age Concern, ANA, Multi-cultural So¢iety, Waln8y Theatre Group and Cast Theatre Group. which run alongside private group hire. The curr8nl economic climate is causing concem within the local community. It is the trusts aim to help support residents by providing an affordable venue whilst carefully balancing our own increasing costs to overcome these challenging tim8s. Our uiility bills are causing great con￿rn for the trustees and volunteers involved, to Ihis end we have made several chang8S to the premises (removal of auto lights. adjuslment of heating etc) and have organised a review of 8nergy provision with local green energy providers. W8 aim to look al the possibility of fttting solar panels to the roof and other available energy saving devices through this consultation. TAR March 2023

Section E Financial review No Reserves Policy Briof 8tat•ment of the Charlty's policy on reurves Detslls of any funds materlally in deficit None Furthor financial review detsils {Optlonal Infomiation) Our Main source of funding for this perfod is The Big Local Trust. additional funds donated by BAE System. Barrow Borough Council and the Asda community foundation. The BICST Board has ensured that all advice has been provided by sultably qualified and experienced persons, and funding has enabled this essential Pro￿S5 to take place. You may choose to includ8 additional infomiation. where relevant about: the charity's principal sour￿$ of funds (including any fundraising); how expenditure has supported the key objectives of the charity., Inv8stment policy and objectives including any ethical investment policy adopted. Section F Other optional information Section G Declaration The trustsos declare that they have approved the trustees, report above. Slgned on bohalf of the charity's trustses Signaturo{8) R P Mcaloone Full name(s) Robert Peter Mcaloone P08111on leg Secretary, Chair, etc) Tr8asurer Date 05-03-23 TAR March 2023

Charity registration number 1178142

Company registration number 10598525 (England and Wales)

BARROW ISLAND COMMUNITY SPORTS TRUST LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

BARROW ISLAND COMMUNITY SPORTS TRUST LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mr S Bailey Mr R McAloone Ms L J Morgan Mrs D Morgan

Secretary Mr R McAloone Charity number 1178142 Company number 10598525 Registered office Cavendish Park Island Road Barrow-in-Furness Cumbria LA14 2SB Independent examiner Redhead Accountancy Ltd Market Street Broughton-in-Furness Cumbria LA20 6HP

BARROW ISLAND COMMUNITY SPORTS TRUST LTD

CONTENTS

Page
Trustees report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 13

BARROW ISLAND COMMUNITY SPORTS TRUST LTD

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 28 FEBRUARY 2023

The trustees present their annual report and financial statements for the year ended 28 February 2023.

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 trust's constitution, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The trust's objectives are the promotion of Community participation in healthy recreation for the benefit of the inhabitants of Barrow Island and surrounding areas, by the provision of facilities for the playing of sports and other leisure activities.

The provision of a safe warm, welcoming environment for community groups and individuals requiring assistance and advice.

The Trustees have instigated a programme of building and ground maintenance to enable sporting activities to take place on the playing fields. Proposed improvements to the drainage on the pitches will alleviate fixture problems with the local leagues for both Rugby and Football, allowing more games to be arranged throughout the seasons.

The Trustees have invited the local Junior School to use the facilities for their Sports Day. We have extended this invitation to TS Sovereign, the Local Barrow Island Sea Cadet Unit to use for their outdoor activities.

The building of Cumbria University Campus on Barrow Island may provide the opportunity to work with the University Trustees to provide sports and recreational delivery classes as part of the curriculum.

During the 2023 football season we are taking on an additional 7 Junior Football teams to incorporate a wider uptake of sport and social activities associated with the increase in numbers involved.

I can declare that the Trustees have had due regard to the guidance issued by the Charity Commission on Public Benefit.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.

The project is run by Trustees and volunteers, with guidance from a Big Local Rep employed by Big local trust .The volunteers’ tasks include ground and building maintenance, pitch hire to local sports teams (football, rugby and ladies football, all at various age groups, Community Hub hire to local organisations and individuals.

BARROW ISLAND COMMUNITY SPORTS TRUST LTD

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023

Achievements and performance

On 2[nd] February 2017 we became an Incorporated Charity, Barrow Island Community Sports Trust Ltd, Company No 10598525. All Trustees are now Directors registered with Companies House.

The Board meets regularly and continues to take note of the requirements and wishes of the local community through its liaison with the partner group Barrow Island Community Trust who hold surgeries with residents on Barrow Island issues. This enables good channels of communication to ensure meaningful dialogue is maintained.

Following the hugely successful events held throughout the year the Barrow Island Community Sports Trust Ltd (BICST Ltd) continues to support and facilitate events for the local area. The Hub is now fully functioning and making income to be self-sufficient.

The Cumbria Master’s Rugby League Festival was hosted by BICST Ltd; this event involved 12 visiting teams from Cumbria, Lancashire and Yorkshire and was very successful. The Community Hub provided and hosted Christmas Parties for both local Senior Citizens and children and is also a well-used venue for dance troupes, Amateur Dramatic groups and other organisations offering Yoga, Pilates and Craft Fairs.

BICST Ltd is very proud of the achievements made in such a short period of time. The Board intend to build on these successes in 2023 and aim to identify and resolve any issues that may impact on the local and wider Barrow community before they affect individuals or groups.

We also are justifiably proud of the work carried out by local volunteers to continuously improve the sports pitches to enable various teams to enjoy clean and playable pitches for a small proportion of the year.

Partnerships have gone from strength to strength over the last year. We established a Warm Hub throughout the winter to support residents from the Barrow Area in general by the provision of a space for them to meet others and have a meal rather than remain isolated in their homes.

We have established a dialog with the Suicide Safer Cumbria group and have several volunteers booked on to training events through the coming year. The aim of this is to deliver a meeting place and safe refuge for those affected by suicide or self-harm and to provide advice and contact information.

After coming out of the pandemic lockdown both hall and sports pitch use is increasing steadily. Groups now using the hall include, Age Concern, ANA, Multi-Cultural Society, Walney Theatre Group and Cast Theatre Group, which run alongside private group hire.

The current economic climate is causing concern within the local community. It is the trusts aim to help support residents by providing an affordable venue whilst carefully balancing our own increasing costs to overcome these challenging times. Our utility bills are causing great concern for the trustees and volunteers involved, to this end we have made several changes to the premises (removal of auto lights, adjustment of heating etc) and have organised a review of energy provision with local green energy providers. We aim to look at the possibility of fitting solar panels to the roof and other available energy saving devices through this consultation.

Financial review

No Reserves Policy.

Our main source of funding for this period is The Big Local Trust, with additional funds donated by BAE Systems, Barrow Borough Council and the Asda community foundation.

The BICST Board has ensured that all advice has been provided by suitably qualified and experienced persons,

and funding has enabled this essential process to take place.

The trustees have assessed the major risks to which the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

BARROW ISLAND COMMUNITY SPORTS TRUST LTD

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023

Structure, governance and management

The trust is a company limited by guarantee.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr S Bailey

Mr R McAloone

Ms L J Morgan

Mrs D Morgan

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The company's current policy concerning the payment of trade creditors is to:

The trustees report was approved by the Board of Trustees.

Mr R McAloone

Trustee Dated: 11 August 2023

BARROW ISLAND COMMUNITY SPORTS TRUST LTD

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF BARROW ISLAND COMMUNITY SPORTS TRUST LTD

I report to the trustees on my examination of the financial statements of Barrow Island Community Sports Trust Ltd (the trust) for the year ended 28 February 2023.

Responsibilities and basis of report

As the trustees of the trust (and also its directors for the purposes of company law) you are responsible 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 trust 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 trust’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) 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:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Redhead Accountancy Ltd

Market Street Broughton-in-Furness Cumbria LA20 6HP

Dated: 18 July 2023

BARROW ISLAND COMMUNITY SPORTS TRUST LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 28 FEBRUARY 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations and
legacies
3
11,892
34,472
Charitable activities
4
29,453
-
Investments
5
287
-
Total income
41,632
34,472
Expenditure on:
Charitable activities
6
44,553
24,301
Net (expenditure)/income
for the year/
Net movement in funds
(2,921)
10,171
Fund balances at 1 March
2022
65,968
1,390
Fund balances at 28
February 2023
63,047
11,561		 Total
Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
46,364
21,524
-
29,453
18,870
-
287
51
-
76,104
40,445
-
68,854
39,371
-
7,250
1,074
-
67,358
64,894
1,390
74,608
65,968
1,390		 Total
2022
£
21,524
18,870
51
40,445
39,371
1,074
66,284
67,358

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

BARROW ISLAND COMMUNITY SPORTS TRUST LTD

BALANCE SHEET

AS AT 28 FEBRUARY 2023

Notes
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within
one year
12
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
Unrestricted funds		 2023
£
5,375
61,539
66,914
(546)		 £
8,240
66,368
74,608
11,561
63,047
74,608		 2022
£
5,376
39,918
45,294
(546)		 £
22,610
44,748
67,358
1,390
65,968
67,358

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 28 February 2023.

The directors acknowledge their 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.

The financial statements were approved by the Trustees on 11 August 2023

Mr R McAloone Trustee

Company registration number 10598525

BARROW ISLAND COMMUNITY SPORTS TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

1 Accounting policies

Charity information

Barrow Island Community Sports Trust Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Cavendish Park, Island Road, Barrow-in-Furness, Cumbria, LA14 2SB.

1.1 Accounting convention

The financial statements have been prepared in accordance with the trust's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) 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 (FRS 102)" (effective 1 January 2019). The trust is a Public Benefit Entity as defined by FRS 102.

The trust 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 sterling, which is the functional currency of the £1. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. 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 trust 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 statements.

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 as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the trust.

1.4 Incoming resources

Income is recognised when the trust is legally entitled to it after any performance conditions have 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 trust 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.

Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

BARROW ISLAND COMMUNITY SPORTS TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023

1 Accounting policies

(Continued)

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the 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 direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.5 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:

Plant and equipment

25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.6 Impairment of fixed assets

At each reporting end date, the trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits 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.

1.8 Financial instruments

The trust 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 instruments.

Financial instruments are recognised in the trust's balance sheet when the trust 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a 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.

BARROW ISLAND COMMUNITY SPORTS TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities 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 effective interest method.

2 Critical accounting estimates and judgements

In the application of the trust’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 estimates 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 estimates 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 revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Donations and gifts
3,084
-
Grants received
8,808
34,472
11,892
34,472
For the year ended 28 February 2022
21,524
-		 Total
2023
£
3,084
43,280
46,364		 Total
2022
£
218
21,306
21,524
21,524

BARROW ISLAND COMMUNITY SPORTS TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023

4 Charitable activities

Hall Hire
Income
Catering
Income - Hub
2023
2023
£
£
Sales within
charitable activities
14,993
12,715
Charitable rental
income
1,745
-
16,738
12,715		 Total
2023
Hall Hire
Income
Catering
Income - Hub
2022
2022
£
£
£
27,708
6,054
9,678
1,745
3,138
-
29,453
9,192
9,678		 Total
2022
£
15,732
3,138
18,870

5 Investments

Interest receivable

**Unrestricted ** Unrestricted
funds funds
2023 2022
£ £
287 51

BARROW ISLAND COMMUNITY SPORTS TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023

6 Charitable activities

Running Running
costs costs
2023 2022
£ £
Depreciation and impairment 17,444 16,676
Purchases 13,123 6,816
Rates 936 1,549
Insurance costs 2,265 1,862
Light, heat and power 13,228 5,123
Repairs and maintenance 18,409 4,192
Office expenses 1,567 1,144
Sundry expenses 1,336 1,463
Accountancy fees 546 546
68,854 39,371
68,854 39,371
Analysis by fund
Unrestricted funds 44,553 39,371
Restricted funds 24,301 -
68,854 39,371

7 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year.

8 Employees

There were no employees during the year.

9 Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

BARROW ISLAND COMMUNITY SPORTS TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023

10
Tangible fixed assets
Cost
At 1 March 2022
Additions
At 28 February 2023
Depreciation and impairment
At 1 March 2022
Depreciation charged in the year
At 28 February 2023
Carrying amount
At 28 February 2023
At 28 February 2022
11
Debtors
Amounts falling due within one year:
Trade debtors
12
Creditors: amounts falling due within one year
Accruals and deferred income
13
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2023
2023
£
£
Fund balances at 28
February 2023 are
represented by:
Tangible assets
8,240
-
Current assets/(liabilities)
66,368
-
74,608
-		 Plant and equipment
£
66,704
3,073
69,777
44,093
17,444
61,537
8,240
22,610
2023
2022
£
£
5,375
5,376
2023
2022
£
£
546
546
Total Unrestricted
funds
Restricted
funds
Total
2023
2022
2022
2022
£
£
£
£
8,240
22,610
-
22,610
66,368
44,748
-
44,748
74,608
67,358
-
67,358		 Plant and equipment
£
66,704
3,073
69,777
44,093
17,444
61,537
8,240
22,610
2023
2022
£
£
5,375
5,376
2023
2022
£
£
546
546
Total Unrestricted
funds
Restricted
funds
Total
2023
2022
2022
2022
£
£
£
£
8,240
22,610
-
22,610
66,368
44,748
-
44,748
74,608
67,358
-
67,358
69,777
44,093
17,444
61,537
8,240
22,610
2022
£
5,376
2022
£
546
Total
2022
£
22,610
44,748
67,358

BARROW ISLAND COMMUNITY SPORTS TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2023

14 Related party transactions

There were no disclosable related party transactions during the year .

BARROW ISLAND COMMUNITY SPORTS TRUST LTD

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF BARROW ISLAND COMMUNITY SPORTS TRUST LTD

I report to the trustees on my examination of the financial statements of Barrow Island Community Sports Trust Ltd (the trust) for the year ended 28 February 2023.

Responsibilities and basis of report

As the trustees of the trust (and also its directors for the purposes of company law) you are responsible 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 trust 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 trust’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) 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:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Redhead Accountancy Ltd

Market Street Broughton-in-Furness Cumbria LA20 6HP

Dated: 18 July 2023