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2025-03-31-accounts

ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

CUMBRIA SPORTS ACADEMY

(Charitable Incorporated Organisation)

CHARITY REGISTRATION No: 1188729

Castle View Accounting Ltd Ground Floor Offices

53 High Street Arundel West Sussex BN18 9AJ

CUMBRIA SPORTS ACADEMY

(Charitable Incorporated Organisation)

CONTENTS

Page 3 Legal and Administrative Information Page 4 Independent Examiners Report to the Trustees Pages 5 to 6 Trustees' Report Page 7 Statement of Financial Activities Page 8 Balance Sheet Pages 9 to 18 Notes to the Financial Statements

2

CUMBRIA SPORTS ACADEMY

(Charitable Incorporated Organisation)

LEGAL AND ADMINISTRATIVE INFORMATION

CHARITY NUMBER

1188729

DATE OF REGISTRATION 24th March 2020 START OF FINANCIAL YEAR 1st April 2024 END OF FINANCIAL YEAR 31st March 2025 TRUSTEES AS AT 31ST MARCH 2025 Mr P Kitchin (Chairman) Mr J A Scott (Treasurer) Mr J P Egan Mr R Maddams Mr D J Seeds Mr J J Beech

The existing trustees appoint any new trustees following the provisions laid out in the organisation's governing instrument.

LEGAL STATUS Charitable Incorporated Organisation

GOVERNING INSTRUMENT CIO - Foundation Registered 24th March 2020

OBJECTS

To promote for the benefit of the inhabitants of Cumbria the provision of facilities for sport, recreation or other leisure time occupation of individuals who have need of such facilities in the interest of social welfare, health and wellbeing and with the object of improving the condition of life of the said inhabitants.

REGISTERED ADDRESS Cumbria Academy of Sport Overend Road Hensingham Whitehaven Cumbria CA28 8SD PRIMARY BANKERS HSBC Bank Plc 69 Lowther Street Whitehaven Cumbria CA28 7AD INDEPENDENT EXAMINERS Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ

3

INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS

Report to the trustees/ members of Cumbria Sport Academy on the accounts for the year ended 31st March 2025 set out on pages 7 to 18.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention

  1. which gives me reasonable cause to believe that in, any material respect, the requirements:

  2. to keep accounting records in accordance with section 130 of the Charities Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

K. Collaku MAAT Castle View Accounting Ltd Ground Floor Offices 53 High Street Arundel West Sussex BN18 9AJ

Date: 21st January 2026

4

CUMBRIA SPORTS ACADEMY

(Charitable Incorporated Organisation)

TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2025

Cumbria Sports Academy (CSA) has had a busy reporting period. At the strategic level, finalisation of the Land Registry formalities from the transfer of status from that of Charitable trust status to that of CIO on 31 Mar 23 were completed. FY 23/24 therefore sees our accounts being done in the name of the CIO Cumbria Sports Academy (1188729). At the operational level, CSA continued to serve the community through the delivery of an environment and facilities where high quality sports, wellbeing and social activities were held. Events have included music festivals, county, club and school level athletics meetings, rehabilitation classes for neurological illness, spin and general fitness sessions, weight management classes, football and rugby.

The trustees have invested a significant amount in undertaking a SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis during this reporting period with the aim to improve and baseline their understanding of the current situation. This proved very useful and has assisted greatly in the identification of the key risks that the organisation faces and the opportunities that exist. The resolution and exploitation of the risks and opportunities respectively will be managed via an Action Plan derived from the exercise.

The stadium has been successful in attracting grant funding to improve the presentation and storage facilities at the stadium with the purchase of two new ISO containers. Unfortunately, England Athletics requirements for Track mark accreditation have yet to be met; the track needs some repair work and a recent inspection concluded that there is a need to replace, rather than to modify, the field events cage. Failure to meet accreditation standards will limit the level of events that can be held at the stadium and the achievement of a successful grant funding bid to fund replacement of the cage is now seen as a key priority. A quotation for the cage has been received and estimates are in place to allow bids to be submitted at the earliest opportunity

The arrangement entered into with Bransty Rangers AFC to allow their usage of CSA facilities has proven beneficial to both parties and, therefore, also to the wider community of users. The trustees have, as a result, agreed to formalise the relationship over a 3 year term. It is also hoped that this will further encourage grant funding of CSA facilities by the FA and other football related funding bodies. The relationship has also brought about wider benefits: via improved usage of the site, the generation of valuable additional income and the attraction of volunteers to join the small team that runs the facilities.

The key objectives for FY 24/25 are:

1 . Gain Trackmark accreditation.

5

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CUMBRIA SPORTS ACADEMY

(Charitable Incorporated Organisation)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025

Notes
Donations & Legacies
3a
Charitable Activities
3b
Activities for Generating Funds
3c
Investment Income
3d
Other Income
3e
TOTAL INCOME
EXPENDITURE ON:
Charitable Activities
4a
Cost of Generating Funds
4b
Governance Costs
4c
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
Total Funds Brought Forward
Transfer of Funds
17
TOTAL FUNDS CARRIED FORWARD
INCOME AND ENDOWMENTS FROM:		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Fund
Fund
Fund
2024/25
2023/24
£
£
£
£
£
500
-
5,000
5,500
3,865
48,584
-
-
48,584
49,085
110
-
-
110
330
3,272
-
-
3,272
3,455
260
-
-
260
320
52,726
-
5,000
57,726
57,055
127,851
-
13,622
141,473
58,443
784
-
-
784
218
1,194
-
-
1,194
1,496
129,829
-
13,622
143,451
60,157
(77,104)
-
(8,622)
(85,726)
(3,102)
166,521
-
831,282
997,803
-
-
-
-
-
1,000,905
89,417
-
822,660
912,077
997,803

Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.

The notes on pages 9 to 18 form part of these financial statements.

7

CUMBRIA SPORTS ACADEMY Ichantsbk I￿Orporatsd ￿pAn￿alK>n) BALANCE SHE AS AT 31ST IAARCH 202S YOTAL 1141•r45 I14￿44 F￿j Fwd Flx•d A•••ts 810.944 B31.728 643.010 siock GaEhat Bank aThJ ) H8TrJ Dèbm & Propa 11,710 7J.711 4,7t1 162.988 4.711 •9.71a 11.711 NET CURRENT ASsETW(L￿wLffle 11.T18 .349 IS4.7•3 TOTAL Aa¥eTJ omrn 912J17T ••7,BOJ Cr•dltort.' L¢Y4 Tem L￿b￿0 NEfAJSENLIABILrrsi 997.103 F•Al￿1 of tmchwlty 0•.417 ,41r Duynaied FuTh)4 Rutri¢t¢d Fw .eeo 822.e40 831.282 Toiil Fwd• 11.417 077 Appro%d Tiwlw• ￿ . rfQ9 PI SLof I

CUMBRIA SPORTS ACADEMY

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

1. ACCOUNTING POLICIES

Basis of Preparation & Assessment of Going Concern

Basis of Preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

Incoming Resources

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

▪ the charity becomes entitled to the resources;

▪ the trustees are virtually certain they will receive the resources; and

▪ the monetary value can be measured with sufficient reliability

Incoming Resources with Related Expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.

Grants and Donations

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax Reclaims on Donations and Gifts

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services has been delivered.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer Help

The value of any voluntary help received is not included in the accounts.

Investment Income

This is included in the accounts when receivable.

9

CUMBRIA SPORTS ACADEMY

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

1. ACCOUNTING POLICIES (continued)

Expenditure and Liabilities

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.

Grants with Performance Conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.

Grants Payable without Performance Conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.

Support Costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, eg allocating property costs by floor areas, or per capital employed, staff costs by the time spent and other costs by their usage.

Unrestricted Funds

Unrestricted funds can be used for the general objectives of the charity. The movements of the unrestricted funds are given in the Statement of Financial Activities.

Restricted Funds

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of a special appeal and fall into one of two sub-classes: restricted income funds or endowment funds.

Designated Funds

Designated Funds are funds set aside by the trustees from the unrestricted general funds which have been ring fenced for particular purposes or projects.

Stock

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Fixed Assets

Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation Expense

Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied per annum are as follows:

Facility Upgrade 2% - Straight Line Basis Fixtures & Fittings 15% - Reducing Balance Basis General Equipment 15% - Reducing Balance Basis

Amortisation

No amortisation is charged to freehold Land and Buildings as the Land and Buildings is maintained to such a standard that the estimated residual value is not less than cost.

10

CUMBRIA SPORTS ACADEMY

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

2. TANGIBLE FIXED ASSETS

Cost
01-Apr-24
Additions
Cost at
31-Mar-25
Depreciation
01-Apr-24
Charge
Depreciation at
31-Mar-25
Net Book Value
31-Mar-25
Net Book Value
31-Mar-24		 Land &
Facility
Fixtures &
Equipment
TOTAL
Buildings
Upgrade
Fittings
Costs
2024/25
£
£
£
£
£
500,000
480,940
4,350
63,915
1,049,205
-
-
-
-
-
500,000
480,940
4,350
63,915
1,049,205
-
155,661
4,116
46,417
206,195
-
8,622
35
2,625
11,282
-
164,283
4,151
49,042
217,477
500,000
316,657
199
14,873
831,728
500,000
325,279
234
17,498
843,010

The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2025 : None 31st March 2024 : None

11

CUMBRIA SPORTS ACADEMY

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

3. INCOME AND ENDOWMENTS

Notes
a) Donations & Legacies
Gifts & Donations
Grants Received
6
b) Charitable Activities
Hire of Sports Facilities
c) Activities for Generating Funds
Equipment Sales
d) Investment Income
Bank Interest
e) Other Income
Sundry Income		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Fund
Fund
Fund
2024/25
2023/24
£
£
£
£
£
500
-
-
500
500
-
-
5,000
5,000
3,365
500
-
5,000
5,500
3,865
48,584
-
-
48,584
49,085
48,584
-
-
48,584
49,085
110
-
-
110
330
110
-
-
110
330
3,272
-
-
3,272
3,455
3,272
-
-
3,272
3,455
260
-
-
260
320
260
-
-
260
320

12

CUMBRIA SPORTS ACADEMY

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

4. EXPENDITURE ON:

Notes
a) Charitable Activities
Bank Charges
Cleaning Costs
Depreciation Expenses
2 & 6
Insurance Costs
Office Costs
Rent & Rates
Repairs & Maintenance
6
Staff Costs
12
Sundry Expenses
Telephone Costs
Utility Costs
b) Cost of Generating Funds
Bar & Food Costs
c) Governance Costs
Independent Examiner's Fees
9
Legal & Professional Fees		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Fund
Fund
Fund
2024/25
2023/24
£
£
£
£
£
60
-
-
60
55
2,481
-
-
2,481
1,305
2,660
-
8,622
11,282
14,718
4,310
-
-
4,310
6,920
346
-
-
346
394
2,552
-
-
2,552
1,962
101,267
-
5,000
106,267
14,292
2,089
-
-
2,089
5,956
140
-
-
140
247
543
-
-
543
665
11,405
-
-
11,405
11,930
127,851
-
13,622
141,473
58,443
784
-
-
784
218
784
-
-
784
218
1,080
-
-
1,080
960
114
-
-
114
536
1,194
-
-
1,194
1,496

13

CUMBRIA SPORTS ACADEMY

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

5. DESIGNATED FUNDS

The Charity held no designated funds during this or the previous financial period.

6. RESTRICTED FUNDS

CURRENT FINANCIAL YEAR

England Athletics Fund
CCF Project Fund
Facility Upgrade		 Balance
Transfer of
Balance
01-Apr-24
Income
Expenditure
Funds
31-Mar-25
£
£
£
£
£
-
5,000
5,000
-
-
11,716
-
-
-
11,716
819,566
-
8,622
-
810,944
831,282
5,000
13,622
-
822,660

PREVIOUS FINANCIAL PERIOD

CCF Project Fund
Facility Upgrade		 Balance
Transfer of
Balance
01-Apr-23
Income
Expenditure
Funds
31-Mar-24
£
£
£
£
£
-
-
-
11,716
11,716
-
-
8,622
828,188
819,566
-
-
8,622
839,904
831,282

The Restricted Funds held are represented by the Charity's Fixed Asset investments and Cash Reserves are to be expended as specified above.

14

CUMBRIA SPORTS ACADEMY

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

7. CASH AT BANK AND IN HAND

Cash at Bank and in Hand
8. DEBTORS AND PREPAYMENTS
Sundry Debtors		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Fund
Fund
Fund
31-Mar-25
31-Mar-24
£
£
£
£
£
65,002
-
11,716
76,718
152,988
65,002
-
11,716
76,718
152,988
Unrestricted
Designated
Restricted
TOTAL
TOTAL
Fund
Fund
Fund
31-Mar-25
31-Mar-24
£
£
£
£
£
4,711
-
-
4,711
3,665
4,711
-
-
4,711
3,665

9. CREDITORS ACCRUALS AND DEFERRED INCOME: AMOUNTS FALLING DUE WITHIN ONE YEAR

Independent Examiner's Fees
Sundry Creditors		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Fund
Fund
Fund
31-Mar-25
31-Mar-24
£
£
£
£
£
1,080
-
-
1,080
960
-
-
-
-
900
1,080
-
-
1,080
1,860

10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

The Charity held no long term liabilities during this or the previous financial period.

11. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible Fixed Assets
Net Current Assets
Long Term Liabilities
TOTAL FUNDS		 Unrestricted
Designated
Restricted
TOTAL
TOTAL
Fund
Fund
Fund
31-Mar-25
31-Mar-24
£
£
£
£
£
20,784
-
810,944
831,728
843,010
68,633
-
11,716
80,349
154,793
-
-
-
-
-
89,417
-
822,660
912,077
997,803

15

CUMBRIA SPORTS ACADEMY

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

12. STAFF COSTS AND NUMBERS

Gross Wages and Salaries
Employer's National Insurance Costs
Pension Contributions
Employees who were engaged in each of the following activities:
Activities in furtherance of organisation's objects		 TOTAL
2024/25
£
2,089
-
-
2,089
TOTAL
2024/25
1		 TOTAL
2023/24
£
5,956
-
-
-
TOTAL
2023/24
1

The Charity operates a PAYE scheme to pay all members of employed staff and no employees received emoluments in excess of £60,000 (2023/24:None).

13. PAYMENTS TO TRUSTEES AND RELATED PARTY TRANSACTIONS

No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them (2023/24:None).

14. RISK ASSESSMENT

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

15. RESERVES POLICY

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.

16. PUBLIC BENEFIT

The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

16

CUMBRIA SPORTS ACADEMY

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

17. TRANSFER OF ASSETS AND LIABILITIES

The Trustees of Copeland Athletic Stadium Trust (Registered Charity Number 519625) sought guidance and advice and agreed to register the Charitable Incorporated Organisation, Cumbria Sports Academy (Registered Charity Number 1188729), which was formally registered with the Charity Commission on the 24th March 2020. The Trustees of Copeland Athletic Stadium Trust (Registered Charity Number 519625) have agreed to transfer the assets and liabilities to the Charitable Incorporated Organisation, Cumbria Sports Academy (Registered Charity Number 1188729) and the assets and liabilities were transferred on the 27th April 2023.

The following Assets and Liabilities were transferred to Cumbria Sports Academy (Registered Charity Number 1188729) on the 27th April 2023:

i ) The Freehold land held under Title Number CU55041 filed at the Registry and being Copeland Athletics Stadium, Overend Road, Whitehaven, CA28 8SD.

ii ) There are excluded from this registration the mines and minerals excepted by the Conveyance dated 23 September 1938 referred to in the Charges Register in the following terms and the land is also subject to the following rights reserved thereby:-

Except and reserved in fee simple out of this Conveyance to the Company and its successors in title the minerals and other rights and interests mentioned in the First Part of the Second Schedule.

Transfer of Specified Property

i ) - The Freehold Land at Copeland Athletics Stadium, Overend Road, Whitehaven, CA28 8SD., being comprised in a conveyance of the land in this title dated 4th August 1989.

The Trustees of Cumbria Sports Academy (Registered Charity Number 1188729) have agreed to include the Land & Buildings in the accounts at cost value as per the conveyance dated the 27th April 2023. The following cost value has been applied to the Land & Buildings:

i) - Freehold Land & Buildings at Copeland Athletics Stadium, Overend Road, Whitehaven, CA28 8SD. Total
27-Apr-23
£
500,000
500,000

The Trustees of Cumbria Sports Academy (Registered Charity Number 1188729) have agreed to include the following fixed assets in the accounts at cost value dated the 27th April 2023. The following cost values have been applied to the following fixed assets:

ii) - Facility upgrade cost at Copeland Athletics Stadium, Overend Road, Whitehaven, CA28 8SD. Total
27-Apr-23
£
333,901
333,901
iii) - Fixtures, Fittings & Equipment held by Copeland Athletics Stadium Trust as per the Vesting
Declaration Dated 31st March 2023.		 Total
27-Apr-23
£
23,827
23,827

17

CUMBRIA SPORTS ACADEMY

(Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST MARCH 2025

17. TRANSFER OF ASSETS AND LIABILITIES (Continued)

Transfer of Specified Property (Continued)

Total
27-Apr-23
iv) - Current assets and liabilities held by Copeland Athletics Stadium Trust as per the Vesting Declaration 143,177
Dated 31st March 2023.
143,177

The Trustees of Copeland Athletic Stadium Trust (Registered Charity Number 519625) have agreed to transfer the assets and liabilities to the Charitable Incorporated Organisation, Cumbria Sports Academy (Registered Charity Number 1188729). The assets and liabilities were transferred on the 27th April 2023 and are as follows:

Fixed Assets
Tangible Assets
Current Assets
Debtors & Prepayments
Cash at Bank and in Hand
Total Current Assets
NET CURRENT ASSETS
TOTAL ASSETSless current liabilities
Long Term Liabilities: Amount due in more than one year
NET ASSETS
Funds of the Charity
General Funds
Restricted Funds
Total Funds Transferred
Creditors:Amounts falling due within one year		 Unrestricted
Restricted
Total
Funds
Funds
27-Apr-23
£
£
£
29,540
828,188
857,728
7,650
-
7,650
125,661
11,716
137,377
133,311
11,716
145,027
1,850
-
1,850
131,461
11,716
143,177
161,001
839,904
1,000,905
-
-
-
161,001
839,904
1,000,905
161,001
-
161,001
-
839,904
839,904
161,001
839,904
1,000,905

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