Docusign Envelope ID.. D8C1CE3C-687C4ACA-85AC-36D827AFAF99 Re9iStered number: 11S07050 harity number.. 1186052 BAYS SPORTING FACILITIES (A Company Llmlted by Guarantee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Docusign Envelope ID.. D8C1CE3C-687C4ACA-85AC-36D827AFAF99 BAYS SPORTING FACILITIES IA Company Llmtted by Guarantee) CONTENTS Page Referen￿ and Admlnl¥trattv• Dotalls Qfthe Company. Its TNsleg5 and Advls•rs Trust•e$' Rwrt Ind•p•nd•nt Examln•rf* Re￿rt Stat•m•nt of Flnancl•l Aetivttlgs Balance She•t Nolei to the Flnanclal Stat•m•nt$ 10-18 Docusign Envelope ID.. D8C1CE3C-687C4ACA-85AC-36D827AFAF99 BAYS SPORTING FACILITIES {A Company LSmit8d by Guarantee) REFERENCE AND ADMINISTrAfNE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024 Tnt$t•O¥ A J Rounding S C Roundir M Thomps Company reglstered number 1150709) Charlty rnglst•r•d numbèr 1186052 R¥gl$t•r•d offle• 2 Top Er¥J Renhold Bedlord MK41 OLR Chl•f •x•cutlv• officw A J RourKIiNJ Indép•nd•nt Examln•r MHA chartt￿d A¢¢wntsnts Moorgale House 201 Silbury 80￿e¥ard Millon Keynes 8uckinghamshYe MK9 1LZ Page 1 Docusign Envelope ID.. D8C1CE3C-687C4ACA-85AC-36D827AFAF99 BAYS SPORTING FACILITIES {A Company Limited by Guaranteè) TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees p￿ent thÈir annual report tog&ther wlh Ihè finarKial ststements of the Company for the 1 September 2023 10 31 Afjjgusl 2024. The Annual Rep￿ sèrves the purposes of both a Tiuste&s' report and a directors, rep)rt undar eA)mpany law. The Trustee5 confirm that the Anrwal Rewl and financlal slalements of Iho charitablg Company comply vAth the cunent stalulryy requirements. the requirèmènts of the charita￿? companls govefning document and the provi5Ions of the Statement of Recommgnded Practice ISORPI applicable lo charities weparing Ihèir accounts in accordance vAth thg Hnanelal Rtrportlng Stsndard applicabltr In the UK and Republic ol I￿larKI {FRS1021 (effective 1 January 20191. Since Ihe Company quafifies as small under section 382 of Ihe Companies Act 2006, the Strategic Raport required of rnedium and large companies under the Companies Act 2006 IStrate9ic Réport and Directors, Rep)rtl Regulations 2013 has be•n omilted. Obloetlv¢$ and a¢tlvltl•s . Poll¢lo4 and obJectSv 'InS￿rtng Acllve LlleslO9s' Th8 Trust has s&t itS811 the fOll￿g prkwhtes= • To creat• and d•lN•r initialNes lor the improvement of H*•rth & Wellb8iThJ auos5 ihe geoaraphSc81 area . To *mprov• on the Social Impact and valu• ol our swvi¢e5. . Tts generaie income and surF4us•s lo #lbw us lo inve5L improve and increase our18lsur8 off8r. To continuously improvè tu$tomer semce joumey by thè prov1$1￿ of lelsuffj. Sports. Tecr8atlon and communlly actfv1￿Yas to the general puuic ol all ag8s. In s•tting oblactlves plannlng for ￿￿VI￿•S. the Trustws have gfvon ¢onyhleradM to general guldance published by the Charity CommissKJn r8latin9 to pubfi¢ be￿￿1. includlng the guidance'Publlc benefit.. running a charity IP62)'. b. Maln aetlvlll•s urtdertak•n to fvrth•r th• COmpan￿S purpo￿8 for thg publlc b•nefft The Trustees hove relaffed to the Chartty Commlssicffl's guld￿ ￿ public bènèfil when der*Jiry on th• aclivitles Bays Sporting F8rilities provhles. Bays SFx)rting Facilrfiès Provide5 public benefit in the followr¥g wa￿. • To prtsmote lor the public benefit the provlslon of facilibes for re¢realion or other leisure ts'rre occupation for individuals who have need of such facili￿e$ by re8son of their youth. age, infirmity or disablemenL financial hardship or socLal and ecorK)mK r￿r￿MStar￿ CK for the pU￿C at la¥ge in th8 Interests of soclal welfare and with the objact ol improving th￿r c(￿dItionS of lrfe. • To advance haalth f(* the publK beMfft by promotrw pa*lcipalion In hgalthy &xerc4se and Ph￿1¢81 Pagg 2 Docusign Envelope ID.. D8C1CE3C-687C4ACA-85AC-36D827AFAF99 BAYS SPORTING FACILITIES IA Company Llmlttd by Guaranteel TRUSTEES. REPORT (CONTINUED) FOR THE Y&4R ENDED 31 AUGUST 2024 Achlev•m•nts And pgrfomian a. Maln aehl•v•m•nts ot the Company The charty vrds setup In August 2018 *ith the aim lo bund an Weather F(x)Iball Pitch which would prov5de sporting opportunities lo the local community. In pa￿CUlar With I¢￿1 ¢har￿￿5 lo support wung ￿0p19 from tlisadvants9è ba¢kground3, thldren wth m￿la1 health lssu*s 8nd homd¢s$ness. b. Inv•stm•nt pollcy Under the memoraTrJum ol articl8s ond as￿1911￿. the chawity has ￿ Frnr to inst in any way th¢ Tru8lee3 wish. The Trustees having regard to th• r¢s8r¥e$ Oicy have operaknj a pc4icy ol keeping availabl¥ funds in an intefest-bearing deposit accounl. Flnanclal r•vhw 4. Golng ¢on¢•rn Thg financlal statèm&nts have boen wepared on a wlng ccrfK8m basls. Th• Tru$t¥•s hav8 consk1ered relevant Inlom)ation, InclLKlin9 th¥ annual buty, fc¥ecast ftrture cash flows armj th• Impact of $ubs•qu•nt events In maklng thair 8sse$sm¢nl. Th• Tru$lèè$ have nol kjentffj￿d any fLKlh8r materlal uneertalntlès th8t may ¢a$t $1gnifttnl &)ubl about the ability of Ihe charitable company to continuè 8s a going ¢on¢em. The charitsble companls business a¢livitle3, logelhef vthh the laclors Ukely Iwlher wlh k￿9 l¢rm ¢￿traCts for rfs tr•Jing centre. Based on thes• assessments and havlng regard to the resource5 available to ihe charitable ¢ornpany, the Trustoos hav8 concludèd thal ¢hertr is no material uncertainty and that they can contlnue to adopt the going ¢0￿M ba$b In pwparing thè annual report and accounts. b. R•s•r¥•* pollcy The Tnjstees are MindfL￿ of Ihe need to m8inla6n su￿￿1 re$eThes {thal is Ih05e fvnds that are freely avallablel so thal ob1hja￿nS lo emplo>ees. krtdk)rds and other third parties can be met for a pefic¥J of 8t least six months. Th$ Trusle¢s have decide(I to continue With a level of reservos higher Ihan thè minimum raqulrament due to th8 lack ol bn9 term fundiry and the uncertainty this bm9s. This provide a stablè basa to ènsure that tho charitys income is used to prowde the banefits for il was gi￿n. The level of rgserves wÈll be constsnlly reviehed bythe board to ensurè that thg ¢harity ¢¢￿tt￿￿e3 to tre fina￿lalty Secure. . FlnancSal revlew There was a surplus lor the pwM)J amoun￿rvj to £21.51412023: £18.9031. Uniestrictod funds at 31 August 2024 amwnted to £675.685 {2023'. £654.1711. The Trustees are m￿￿tOring the finances of thè charitable cc*npany. anrl prepare an annual forecaslwhlch Is cornpared lo actual income and expenditure at g monthly miew. Paga 3 Docusign Envelope ID.. D8C1CE3C-687C4ACA-85AC-36D827AFAF99 BAYS SPORTING FACILITIES IA Company Llmited by Guarant••l TRUSTEES, REPORT ICONTINUEOI FOR THE YEAR ENDED 31 AUGUST 2124 Structur•, gov•rnancè and manag•m•nt a. co￿lIt￿tIOn BAYS Swth'ng Facil￿8$ was IncorKKYat•d on 8 August 2018 and cC¥nmer￿ed operalons on Ihat date. The Incorporatsd Charitable Organisation has no 8hwe capital. is 9￿M?￿ by its Tlust do•d. It18 registe￿d 88 a charity with the Charity Commi5540n. b. Mothod• of appolntm•nt or èlèetltyn of Trustses Th• mana9om8nt of thg Company ts th& reSpI￿SIbIlity ol th¢ Twuslee5 who are e￿￿ed and Cowoptsd under the l&mis of th¢ Trvsl deed. c. Organlsatlonal •trudure and d•Glslonwmaklng pollelo* The charity is govèrned ty a Board of Truste8s, whlch Is r•spM$lbf¥ to tho m•mborshlp for It 8ff￿[vO management and futur• d¢v?lopmenl. d. Pollcles adoptsd for th• Induetk>n •nd tralnln9 of Trust••* Tru$l¥e$ or? r¢¢rui¢ed wlh a wew to thtiir expèri¢n¢¢ and skills. Potential Trusiees are encouraged lo attend mo&ling of the Board ol Truslees and to bé initialty ctropted lo Ihe Board if they are inieresled. A new Trustees. InducU￿ session is offfrr6d to all ￿￿ty elethd Trustee. Training is pfov¢dod as necessary to 811 Trustees. Trustees have 8 rangè of quollfi¢ations and ￿1$. as as a raThJ8 of èxp8rton￿ In tho vduntary, statutory, and prlvate 58Ctors. N￿e of Ihg Truste&$ ro¢eive TeMu￿a￿c￿ or0t￿r bonafft frcrtn thgirth ￿ the ¢haritablè cornpany. e. Flnanclal rlsk m•n•g•ment The TTuslees have assessgd the major wisks to the charity Is exposed, In parbcular those related to tho operauons and finances of the charity, and a￿ saiisfied that systems and pro¢edure5 are irt place to mitigate our xposur& to th• major risks. M•mb•rs' IlabFIIty The Members of the Comparhy guarantee to 1X￿bitrth an amojnt not •xtaeditYJ £1 to tha assets ol tha Ccfflpany In the èvent Of4￿ndir¥ up. Page 4 Docusign Envelope ID.. D8C1CE3C-687C4ACA-85AC-36D827AFAF99 BAYS SPORTING FACILITIES IA Company Llmlted by Guarawrtee) TRUSTEES. REPORT IGONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2024 ststemont of Trustg88' rn8ponslblllll** Trustees (htho are akn the offv Cryny for the wrw)se5 of conpary W are {espon￿ble for preparing thg Tru$te85' Rekk)rt and the finanoal staternenls in a¢cx)rdance v•th aP￿rable United lQngd¢m AcI￿nting St2ndard5 Iunrted KtiW)m Gen• A• A￿o￿ts"no PrAdi¢el. Company law rewireg the Tnjslees to p￿pare finandal slatements for e&h f￿arKI01 . Under ¢ryxpany Iw, the TNslees mktst not approvg Ihe fina￿la1 stalemerts unless thty are salisfied that V*y a true and faIrV￿ of the state of affairs ol th8 Company Ns I￿l￿ni￿a res(NJrces artry of resoLtrces. Inckyjlng it6 Irx)mtr and OK￿nd1¢U1￿. forlhat Fericbj. In weparing tlw fin￿#?1 $taternents. Ilw Trustees we required to.. 5glect si￿table ￿e￿nIng F¢4t*s athj then a￿tythern ccffi•, ¢b58Thf th• m¢thod$ and pntKa￿eS ol tho Chariies SORP (FRS 1021. make judgments act￿n￿￿9 esimates that we raasc￿ab1e wu¢l8nt.. state whether 4pplKable UK Ac¢offttiry Standard8 IFRS 1021 ha￿ been lollthfftl. 8ubJed to any mat•rt departuf•s dsdosed and exk4ai￿d in th8 finarKAI ststement8', prepa￿ the finawiaj staternenis on the g￿ng basi8 L¢ Inappr￿Tr￿ to Ihal thè Company The Twsiets arg reSp￿S￿le tr keepw adequate ar￿unts￿￿ re¢wd8 that ￿ sulfjci8rt to show and explaln th? Companys and ￿￿￿)Se r#asona￿e al ary lime the finanrial of the Corntwny th8rn to that the finanuaf slatemenis Com￿Y th the Companies Ad 2008. They re al80 M5p￿lI)le for $8feguardirKJ lh• assets ol the Company arK1 lor taking reasonablè •tep• for the preven11c￿ and det•eiw of fraLbJ and other iry•9ularit*$. Apwoved ty othrofthg m&mtsern olthe olTru8te•s aryl on fvlr b•hal ty. A J Roundlng Trustee Page 5 Docusign Envelope ID.. D8C1CE3C-687C4ACA-85AC-36D827AFAF99 BAYS SPORTING FACILITIES IA Company Llmited by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Ind•pond•rtt Examinerfs Report to the Trustses of BAYS Sportlng Fxllitlgs Ilh? Compan￿} I report to the chartty Trngtetss on my examinalion of the accwnts of the Company for the wr ended 31 August 2024. R•sponslbllStl•s and Basls of Report A5 the Trustees ol Ihe Company18nd sts directors for the purF¥)s8s of ¢omp3ny Lwl are responsible for the preparallon of the accounts arcordance with the raquiramants of thè CornPan￿ Act 20061.the 20L% ACVI. Havtng $allsfied my5811 Ihat the aeeounts of the Company are not requlrg<1 to b& audited under Part 16 of th& 2006 Act and are eligible for WKlèperKlenl examination. I report In r•sp8¢t of my exarninab'on of the Comp8nl6 accounts carried tyJt under se¢tron 145 of the Charitses Act 2011 llhg 2011 Act'l. In car￿.ng out my exgminatlon I have followed the Dirs¢ll¢ns given by the Charity Commlsslty) under Sec1￿ 1451Sllbl ol the 2011 Acl. Page 6 Docusign Envelope ID.. D8C1CE3C-687C4ACA-85AC-36D827AFAF99 BAYS SPORTING FAcIL￿lEs {A Company Limited by Guaranteg) INDEPENDENT EXAMINER'S REPORT (CONTINUEO) FOR THE YEAR ENDED 31 AUGUST 2024 Independent Examlnoe* Statem•nt I have completed my examtnation. l Confirm that Th) matters ha￿ come to my 8ttèntlM In Connection w4th the examination giving me cause to believe.. accwnting records r•)t k&pt In rt5pect of ihe Company 8$ required by Section 386 of the 2006 Aet the 8¢¢¢xJnls do not accord ttrfrJ$è rewrds.. or thè 8ecounts do not comply the 8ccounb.ng requirements of sect*)n 396 of the 2006 Ael other than any requirement that the accounts 91￿ a Irue and fairf ¥ivw ￿lCh is not a matter consmlerèd as part of #n indtrpendent examination., Of th& account$ have not been p￿Pared in Accordgn¢• the m&thryJ$ and prIn￿e5 of the StAtèm¥nt ol Recommended Practice for accounting and T?￿rting by ¢harit¢es lapplicable to charities preparing their 8ccounts in accordance wl¢h th$ Financi81 Repm Standard ap￿ICable In tha UK and Republic of Ireland {FRS 10211. I hav• no concerns arKF have ¢ome across no othw mattarn In eonn•ctiM thtr ¥x8rninatlon to which attention should ba dr8vm In this report In ordei to 6nabl8 a propw understanding of the accwnts lo b8 raached. Thls report 18 m8d• so10￿ to th• CrynpanY$ Trustees, as a t￿y. tn accordarK8 Part 4 of Ihe Charltios IAccounls and Rewrtsl Regulatlon$ 2008. My has been undertaken so that I mlght statè to th8 Companls Trustees those matters l am required to stsle to them In an Indepand8nt Examlnges Rgport 4nd for no other purpose. To the lull8s1 txlenl permitted by law, I do not accèpt or assum8 r¢sr4)nsibility lo anyone othor than tho Compony •n)d8 hav bgon wovided or on completh)n ol th& sw*¢.btren Prowded or on o)mpletion of the 88rMCe. 2.3 Exp•ndltur• Exp8ndilure Is rè¢c#Jniged once there Is 8 leg￿ orconstructN• obll981ion to tr8nsf•r aeonomle benefft to 8 third party, it is probable that 8 Ir8nsf•r of economic benefits will be required in sèttlement and the amount of Ihe obligation can be me8sure(I reliably. Expenditure is dasstfied by aclvity. The costs of gach activity a￿ made up ol the lo¢al of direct Costs and shared costs, inclL*Jing support costs Involved in undèrtaking eaGh activity. Direct costs attributabl& to a single actiwty ara al￿￿￿ed dlrectjy to Ihat advity. Shar8d costs which contribut& to more than on& actiwty and support costs wh¢ch are not attrlbutablé to a single activty are appc*tN)ned betwèèn IIM)se acbvitiès on a basis COn￿St#nt wi¢h the use of r¥$ources. Central staff costs are alk)cated on the basis of lime spent, aTrJ depreciab'on eharge$ 8llo¢aled on the poth of th& a$s¥Y$ use. Expendiiure on chantabl¢ ¥¢bvilie3 is incJJrTed on d￿C￿Y undertakir¥J Ihe activities further the Companys 0￿eCtiveS, as Mell as any assoaated supwt costs. Afi ￿E￿IK*ltUre is indushe of IrreC0￿r8￿È VAT. Page 10 Docusign Envelope ID.. D8C1CE3C-687C4ACA-85AC-36D827AFAF99 BAYS SPORTING FACILITIES (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng pollcles Ico*)tlnu•d) 2.4 InterwJt le￿5Vable Interest on funds hekl on depo$ll Is incltlded ￿en receivable and the amount can be measurèd reliably by Ihfr Company. thi5 13 rK*malty upon r￿tirJcaIi0n ol the Inte￿$t paid OT payable by thè InsbtLrtion vAth th& funds are ¢knsit&J. 15 Tanglbl• fix•d assets and d•pr•clatlon Tan9iblo16xod assets are lnilial￿ recognis8d at cost. After rgcognllon. Lmder the ¢ost mciol, tangible f￿ed 8538ts are measured at cost less accumulated d&pre¢latth and •ny a¢¢umulaled irnpairment losses. Wl costs incurred lo bn"rrfJ 8 tarvjiblg fixed a$￿t into its intsnded working ¢ondilion shoL¢ld be Included Sn the m8a$urgm8nt olMsL Depreclation is ¢hargtd so as to allocate the cost of tangible fixed assets less thelr ￿sIdual val over their èstirnot¢d useful INes, using the stra￿hl-lIne methcmj. Depwialion 13 provlded on the folbwng bases.. s￿the11C Pitch Oiher fixed assets 20 Years straight linè S Yèars straight Ik)a The 888ets' residual valu8s. ￿$￿ul I￿$ ar#J d¥kYo¢1olion method$ arg fo￿0¥￿d, and adlusted prospectively Sf appropriate. or if Ihere Is an ￿dication cl a slgnlficpnt charqo $ln¢tr the last reporting date. GAln$ 8rMI los￿ on di$posals are detefmlned by comparfng the woceeds ￿th the carrying amount and 4r¢ rowgnised in the Statement of Finanual Actiwlies. 2.6 Debtors Trade and other d&btOfS 8r• rècognised 81 the $￿ement •M￿nt Bftèr any tr8dg discount offered. Prepaymants ara valued at Ihe amount prepaid net of any trade dis¢ourts duo. 2.7 C•$h at bank and In hand Cash al bank and In hand InclLKlos aThJ short-temi hhJhly Ilquhj Invosiments wlth a short maturity of three months or lass frtyn the d*e of c* opw)tng of daposlt ty slmllar arLount. 2A Llabl1lt￿¥ and pfovlslons Llabilrbes are recognised when there is an o￿lgatIOn al the Batance Sheet dale as a r05uIt of a past event, il is wobable that a transfer of economlc benefit wll be reqLHred In setdemenl. and the arnounl of the setllemenl can be estimated reliably. Lrdbili￿a$ grè recognised at Ihe amoLml Ihat Ihe C(¥npany anticapates (( wll pay to settle thg dobt or thtr amount it has reC￿ve￿ as advanced payments the g)ods ￿ services ¢t must prowde. Provistons are measured at Ihe bost estimate of th8 am￿Trts r8quired lo setde the oblwJation. Where the effect of the time value of money is material. the tx0￿$10￿ is based on thè present value of those amounts. discounted al the pre-tax di9￿￿nI rale thal reflects the risks specfic to the IAbilsty. Thè Un￿rKling of the disC￿nt is recogrwsed tn the Statement of FThncial hLtivibes as a finance cosL Page11 Docusign Envelope ID.. D8C1CE3C-687C4ACA-85AC-36D827AFAF99 BAYS SPORTING FACILITIES IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounung pollcles (￿ntInued) 2.9 Flnanel•l Instruments The Cornpany only has finandal assèts and financial li8bilitie5 of 8 klnd that qualify 8s bask Ilnancial instruments. BasK finarrial instrurnenls 8re inilialty recognised al transacbon value and subseqLtenlly measLtred at thair sètd8m¢nt value ￿th lh8 exception of bank bans are subsaquenuy measured at am*)rti$8d ¢osl usiThJ the effeC￿e interest method. 2.10 Fund ae¢ountlng Gènèral funds are unrestricted fijnds whlth aro avaStabl& for u$* at th• dlscratlon of the Trustees In furtherance of the general objectives ol thé Company and ￿lett ha￿ not bèan dasi9nat8d for olh8r purposes. DeS￿nated funds ¢ompd$& unr¢5trided funds that have been set aside by the Trustees p8rtlcul8r purposes. Thg aim and use ol each designated fund is set out in the notes to th¥ financial slatements. ￿n￿stMent income, gains and losses ar8 alloc8t8d to lh8 gppmprtaie fund. In¢om• from charttabl• actSvltl•• Total fund$ 2024 fvnds 2024 Rental Inc(xmo 69,192 69,192 Unre$trided funds 2023 Tot81 funds 2023 Rent81 incom¢ 65,257 65,257 Page12 Docusign Envelope ID.. D8C1CE3C-687C4ACA-85AC-36D827AFAF99 BAYS SPORTING FACILITIES {A Company Llmited by Guarante•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Investment Inmme Unr•str5cted funds 2024 Total funds 2024 Totsj fun¢Js 2023 B8nk Intarèst 3.901 3,901 Analys18 of •xp•nd5tur• *x) eharltable actl¥ltF•• Summary by lund typo Unr•strl¢t•d lunds 2024 Total 2024 Dlffj¢l Costs 51.579 51.579 Analy818 of •x￿nd01Ur* by •¢tlvltl•• und•rtak•n dlr•etly 2024 Total funds 2024 Dlr8Ct cnsts 51.579 51,579 Totsl X124 51.579 51.579 Activitie5 undertaken diieclly 2023 Total funds 2023 Direcl costs 48,354 48.354 Tot￿ 2023 48,354 48.354 Page 13 Docusign Envelope ID.. D8C1CE3C-687C4ACA-85AC-36D827AFAF99 BAYS SPORTING FACILITIES (A Company Lhnlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Analysis of expendltur• by actlVrtl￿ Icont5nuèdl Analysis ol dlrKt costs Total funds 2024 Aetlvltl•s 2024 Insurances Accountancy Maintenan¢¢ Other Deprecialic Equiprnenl R&palryJ Subscriptions 2.416 1,082 11,077 1,983 29.745 2,539 1,679 1,058 2.416 1,082 11,077 1,983 29,74S 2,S39 1,679 1,058 Total 2024 51.579 51,579 Page 14 Docusign Envelope ID.. D8C1CE3C-687C4ACA-85AC-36D827AFAF99 BAYS SPORTING FACILITIES (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 TangSbl• r￿ed assets Synthetlc plteh Cost or valuatlon At 1 September 2023 559,622 Al 31 Augsjsl 2024 559.622 D•pr8clalion Al 1 S¢ptomber 2023 Charg& lor thg y$8r B9.235 29,745 At 31 August 2024 118,980 Net book valu• At 31 August 2024 440,642 Al 31 Augusl 2023 470,387 O•btor• 2024 2023 Dug wlthln one y•ar Tr8d& debtors 0th8r dabtors 4.637 804 10.4 201 SA41 10.657 Cr•dltors- Amounts falllng due wlthln one year 2024 2023 Trade creditors Acc¥uals and deferr￿1 income 7.$92 7287 15,628 14,879 15.628 Page 15 Docusign Envelope ID.. D8C1CE3C-687C4ACA-85AC-36D827AFAF99 BAYS SPORTING FACILMES {A Company Limited by Guafanteg) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 10. Statèmènt of funds stalemenl of fundg- cUrr￿t y•ar Bal•nc6 at 1 September 2023 Balancè at 31 August 2024 Transf¢rs 5nloLrt In¢om• Ex￿ndItUTe Unr￿trICted funds De81gnat•d fund$ D•si9nalod Funds- all fuThJs 60.000 15.000 75,000 General funds G&ngral Fvnds- #ll fvnds S94.171 73.093 {51.5791 115,0001 600,685 Total Unr•$trlct•d fvnds 654.171 73,093 151.5791 675.685 Stot•mont of lunds- prlor y•ar 88kn¢e at 1 Soptembei 2022 Balance al 31 August 2023 Transfèrs inlout Incomg EXp9nd￿J[g Unfextrlcted funds Deslgnat•d fund• Dss*gnatsd FurKls . an funds 45.000 15.lJOO 60,000 Gon•ral funds Gener￿ F￿ds- all lsjnds 592,268 65.257 {48,3541 115,rJJo} 594,171 Total Unrestrlct•d funds 637.268 65.257 {48.354} 654.171 Page 16 Docusign Envelope ID.. D8C1CE3C-687C4ACA-85AC-36D827AFAF99 BAYS SPORTING FACILMES IA Company Limited by Guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 11. Summary of lunds Summary of fun(ts- cuTh•nt y•ar Balance at 1 September 2023 Balancè at 31 AugLl$t 2024 Tran$fer$ Inlout Ineom• Exp•ndhur• DeslgnaW lunds General fund$ 60,000 594.171 f s.000 115,000) 75.000 600,685 73,1)93 {51,5791 fj54,171 73,093 151.5791 675.685 Sumrnary of lunds- prtor y••r Balance al 1 Soplember 2022 Balance al 31 August 2023 Tr8n$f¥rs inlout Irthm8 Exp9ndI￿r• Designatèd funds General funds 45,0 592.268 15,000 115,0001 60,0(KJ 594.171 65.257 148.354) 637.268 65.257 148,3541 654,171 12. Analys1• of net ass•ts bètwt•n fund• Anatysls of n•t •*s•ts b•lw•en funds- ¢urr•nt p•rlod Unrestrlcted funds 2024 lunds 2024 TarvJibJe frx8d ass8ts Cuirenl assets Credilcff3 thje one year 440,642 249.922 114,8791 440.642 249.922 114,8791 Total 675.665 675,685 Pagè 17 Docusign Envelope ID.. D8C1CE3C-687C4ACA-85AC-36D827AFAF99 BAYS SPORTING FACILff IES IA Company Llmfit•d by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 12. Anatysls of net ass•ts belwoen funds (continued} Analysls of nèt assets between funds- prlor pwiod Un￿stricted lunds 2023 Total funds 2023 Tangib18 fixed assets Current assets Crgdltors due wlhin on8 470.387 199,412 115.6281 470,387 199,412 {15,6281 Totsl 654.171 654,171 13. Related party tr*n$a¢tloni No Truste81Dlr¥¢tor tr pernon wth a lamllyty I￿$￿&8$ a)nr￿tion wmh a Irusto6 r8¢olvod any rernuneration In the perh￿. direcljy or Indlrecty. Irtyn the dwritable group or an knstitutlon or company contro116d by the charitable group. Co$1$ are kncurred by tho Trust*s personaly in P8Tsuanc8 01 th• charitable gn)up's oWectiv•s. Thore no expenses r8imburs•d lo Trustees during pariod12023- £nill. Page 18