2024-12-31-accounts

Trustees, Annual Report for the perfod Frorn Istjanuary to 31st Dttember 2024 Charlty name: Sulfy Bowb Faundallon Charlty re8lstratlon numbw: 1184380 Objectlves and Actlvftles Exclusively for the publlc benefft. the purpose of the charlty Is to promote partlclpatlon In Indoor bowls and related actlvltles by resldents of Sully and the surroundlng area. As one of the largest Indoor facllttles for playlng bowls In Wales, the charlty adopts whatever measures are deemed necessary for the fvrtherance of the sport, Indudln8: • Coachlng for be8lnners and experlenced players. Provldlng facllltles for Internal league matches and casual ljowls play for people of all ages and ablllty. • Hostlng representatlve and frlendly matches wlth bowls dubs across Wales. • Provldlng soclal amenftles for members of the communlty. • Malntalnlng the fabric of the bulldlng so that tt remalns fft for purpose. Ralslng funds vla grant appllcatlons and organtsatlon of fundralsln8 events. By provldlng fadlkles to enable partldpatlon In physlcal and social actlvttle5, the trustees have shown due regard to the Charlty Commlsslon's guldance on public benefft. Volunteers play an Inte8ral role In the charltvs ablllty to fulfll Its obJectEves. We have a dedlcated team of volunteers wlth a broad range of collectlve skllls, Indudln8 coachln& bartendln& deanln& cookln& palntlng and decoratln8 and 8eneral repalrs and malntenance. Thelr contrlbutlon mlnlmlses our costs and helps to keep prlces to mlnlmum. Achlevements and Perfonnance The charlty offer5 a range of bowls-related actlvltles thmughout the year that resldents find beneficlal In terms of malntalnln8 and lrnproving thelr phy51cal health and mental wellbeln8. These actlvltles were of partlcular benefft durlng the Covld pandemlc, where pemiitted actlvltles provlded some rellef from the sodal Isolatlon and physlcal Inactlvlty resultlng from Governrnent restrlLtlon& Flnandal Revlew Total recelpts on unre5trlcted funds were £188.617.77. A total of £8,149.88 was re￿iVed in grants. £1,001.17 was recelved as Interest and the remalnlng £179.466.72 came from assodate member re8lstratlon fees and rlrbk fees. Total outgolngs for the perlod amounted to £217,749.58. The bulk of our expendlture was related to heatlng and118htlng bllls (£123,860.52) and rent payments to our landlord5, Barry Plastlcs Sport and Leisure {£20,000.041. Followlng the end of a f￿ed utility contract In October 2024, a new contract wlll see these costs reduced by approxlmately half durfn 2025. The remalnlng smaller Items of expendlture related to motor expenses, Insurance premlurns, profe551onal fees. IT support, deanln8 and waste dlsposal. et¢. The net result for the perlod was a deficlt of recelpts over payments of (£29,129SI).

Reserves pollcy Our pollcy Is to malntaln a balance on unrestrlcted fund5 at least equal to slx months antlclpated expendlture, whlch amounts approxlmately to £30,000. £2000 Is retalned to fund ad hoc projects relatlng to the furtherance of the charftls objettlves. The reserve balance of £32,000 is retained towards meetlng the cost of repalrs and emergency sltuatlons as and when they occur. The prlnclpal rlsk golng forward ts the poor condltlon of the stadlum roof and surroundlng dadd0￿ whlch has been deterloratln8 for at least five years. Whlle responslblllty for roof and daddln8 repalrs rests wlth the landlords, Incomlng ralnwaterthreatens the ongolng condltlon of the bowls carpet, whlth would have to be replaced at slgnlficant cost to the charlty. Structure, Govemance and Management The organlsatlon Is a Charltable Incorporatsd Organlsatlon and was re8lstered as a tharlty on iith July 2019. The charlty Is governed under a constltutlon descrlblng Its objects, powers, flnandal pollcles, Ilabllltles, dutles of trustees. and method of dlssolutlon or wlndln8 Apart the flrst charlty triistees, every t￿￿tee must be appolnted for a term of three years by a resolutlon passed at a properly convened meettn8 of the charfty trnstee& In selectlng Indlvlduals for appolntment as tharlty trustees, the charltytrustees must have regard to the skllls. knowledge and experfence needed for the effectlve admlnlstlation of the or8anlsatlon. Reference and Admlnlstratlve detalls Sully Bowls Foundatlon Iworklng name Sulty Indoor Bowls Stadlum) Is sltuated on South Road, Sully, In South Wales. The correspondence address and the charws prlnclpal address Indoor Bowls Stadlurn, South Road, 5ul]y, Vale of Glamorgan, CF64 SSP The current trurtees are Mr Andy Cowell, Mr Shaun Gray and Mrs Kay Clarke. Thelr correspondence address Is noted above. Declaratlons Sl8ned on behalf of the cbarirf8 trL* Date Q_7-2S

CHARITY COMMISSION FOR ENGIAND AND WALES 1184380 Recei tsand ments accounts CC16a For tho pwiod Period start d¢ie Period end fJ31e 0110112024 31M212024 Section A Receipts and payments Unrestrl Re5￿cts d funds Endowm ont fund• Total fund• L••t yoar fvnds nMrn•t £ n••ro•t£ nMrn•t £ lo th• nwo•t £ A1 R•co1 ts Incorneloale8 179,487 179A67 172,877 HMRC JRS l Furlough Sport Coundl Wths Blnk Inler•il Grant Inrtsne Bouncaba(* Lo•n 1,001 8,160 1,222 11fr3J 8.160 ross Income IIK618 188,018 1N834 A2 As8•t and Inve8lm•nt sales, (80• table). total aaaz 188,618 188,618 186,834 A3 Payments

Rent 20,000 2.062 123,861 20,000 2.052 123.061 19.871 629 Rates Heat & Ilghl Motor Eynses l Fuel W0￿RarI Uniform 86,781 593 900 1,109 1.516 13.224 565 2.675 4297 Postsge & Stationery Telephon¢ l BB R¢paifS & Renewa18 In$urdrKe Professional fees Bank charg9$ CleanSng I Wasle Qlsposal 1,185 1,367 10.10S 10.105 853 3.122 6,802 1165 4217 3.122 6,PA2 2,165 I lllll Sokn Costs Donation8 SubscriptionB Adverti8ing Paynjll ¥epAce8 Card Machlne Costs HR Co$1$ Admln Costs Dep￿latIon Equipment Hire Training Costs Loss on Sale of As89t 4,217 3,095 70 498 311 37.674 37.674 33.000 1,522 1,992 1,992 1750 181,513 Sub total 217,748 217.748 A4 Asset and Investment Laptop Petanque Pistes urchases, see tablè Sub total 217.748 81.513

Net ofrncelpts/(payments) 29.130 AS Transfers betwoen funds A6 Cash funds last year end Cash funds thls year end - 29,130 29,130 5.321 Section B Statement of assets and liabilities at the end of the period Unre8trl Rostrlct od fund8 Endowmant fund• Categorles Detalls funds to n••rn•t to n•ar••t to £ B1 Cash fund• C8•h at Bat Total cash fvnds 110,110 l•gr¥• b¥lpn¢g1 recelpts •nd pbym4n¢• *￿Qu￿¢￿I}I greemen l Error Unr••trl ctsd funds to neamt OK Rmtrlct •d fund• OK Endowm•nt lund• to noar••t to nMrn•t£ Detalls B2 othor monetary a8s0t8 Debtorn 8,147 7,387 Loan• Fund to whl¢h Co•t loptlonall Currnnt valug loptlon•l) Detalls b•long•

B3 Investment assets Fund to whleh

8Set

belon CoBt loptlonall Current valuo loptlono11 Details B4 Assets retained for the charity'8 own use Fumilure and Fixlures Unr8slri¢to 3.841 2,385 F*)undatH)n Equipment Unieslricte 3,055 1,336 Fund to whlch Ilablllty r•l•t•• Amount duè (op￿OnI1} Wh•n du• lopilon•ll Detalls BS Liabilities Accnjals 1,518 12,381 10.736 4.408 Creditors Membership Cards 300 Club Signed by one or ts¥o trustees on behalf of all the trustees Signature Print Name Date of a proval