Re8lstrredCompanyNumber. 1th4679 Reg1StsredCh￿ltyNunthr. 1193 CHANcfoNBURYCOMMUNITY LEISURE LTD {a 0)m￿Y Ilmiied byguararteel REPORT AND FINANCIALSTATEMENTS PERIOD ENED 31 MARCH 2022 CHANCTONBURYCOMMUNItYiEISURELTD REPORT AND FINANCIALsfATEMENTS PERIOD ENDED31 MARCH2022 Index Page Officersand Professional Aifviser5 Tru5tees' Report Independent Examlners Report 12 ststement of Financial Activities 13 Cash flow Statement 13 Balance Sheet 14 Notes to the Financial Ststements 15 CHANCfONBURYCOMMUNrtYiEISURELTD REPORT AND FINANCIALSTATEMENTS PERIOD ENDED 11 MARCH 2Q2 Offi¢Èrsand Professlonal Advlsers Directorsand Charity Trustees Members of the B03rd of Trustee5 are the charity trustees of Chanttonbury Community Leisure LW)der charity law and the directrffs of the charitable company. The member5 of the Board who served during the period and subsequently are detailed below.. Malcolm Roberts (resigned 2214120211 John Seymour (resigned 2/1212021) Tracey Euesden Stephen Kibblewhite Philip Pickard David Cracknell Andrew Dunstan Robert Dent Lisa Wheatley Registered Office Chanctonbury Leisure Centre Spierbridge Road Strjrrington pu[F￿Ough RH20 4PG Independeni Examiner Kreston Reeves LLP Springfield House, Springfield Road Horsham RH12 2RG Bankers CAF 8ankLtd 2S Kings Hill Ave ngs hill, West Malling Kent ME194JQ Inve5tmenl Manager5 Flagsto￿ Investment Marogerrbent Ltd 1st Floor Clareville House, 26-27 Oxendon Street London SWIY 4EL Solicitor GlanvillesAnder50n Rowntree Wisteria House MarketSquare Petworth GU28 OAJ CHANcfoNBURYCOMMUN11YLEISURE LTD REPORT AND FIt4ANCIALSTATEMENTS PERIOD ENDED31 MARCHZ022 Tru5tees' Report The Trustees of chanct0nt￿rY Community Leisure {the Charitsble Company, known as CCL} present their re￿￿￿t for the period ended 31 March 2022 under the Charities Art 2011 and the Companies Act 2¢￿. thus including the Directcyg Report and Strategic Report under the 2(MJ6 Act, together with the financial statements forthe period. STRUCTURE. ANS ANDGOVERNANCE Conslltutlon and objects The Charitsble Company was estsblished in 2020. It is constituted as a comparw limited guarantee registered in England, number 13014679. aThl is registered with the Charity Commission under charity number 1193395. The Charitable Companvs activities are governed by its MemorarK￿m and Arbcles of Association dated 12 November 2020. The Charitsble C(Thpanrfs objert5 as set in the Memorandum and Articles of A$*￿tation are: The advancement of amateur sFx)rt: The promotion of activities that have a proven beneficial effert on health by the Provision of leisure facilities for recreation or other leisure time occupati1￿ for the general public; Provide faulities to local sch￿15. organisations and charities for the purpose of physical education ar￿ training for personal and teamwork develowieit and Promote physical health and fitness among the I￿al community. AIMS, 08JECTIVES AND ACTIVITIES Aims The Charitable CompanW5 aim for public benefit 15 to provide safe. secure and up-tTrdate sporting and exercise facilitie5 the local community. l(Kal schools, IcKal authority organi5ation5 and charities. GOVERNAf4cE AND MANAGEMEP Board of TN51ee5 The Board of Tru5tee5 (the Board) consists of eight individuals. All are members of the centre and ￿e is an employee. The Board trakes its governance reskxMsibilities seriously arml aims to have a governance framework that 15 fitfor purpose, compliant and efficient. CCL'spdicy and practice have been reviewed again5ttrE Charity Governance Cole. Board is wttirg in place a Program￿ CHANCTONBURYCOMMVNITYiEISURE LID REPO[￿ AND FINANCIALSTATEMENTS PERIOD ENDED31 MAIICH a122 for continuous development During the period a key area of f￿￿5 w3s the development of a matrix againstwhich to evaluatethe perforMa￿e of the Board a￿1 of individual Trustees. Recrnltment. induction andtrainkng of Trustees New Trustees are required to attend an irHluction meetFng which explains objectives of the Charity afMI the resporfjikrflities of the Trustees. Orgaftlsational management The Mern￿rs of the Board. 35 charity trustees, are legally responsible for the overall rnanagementond control of CCL. The Board meetsonce a morrth and acts in the sole interest of CCL. The day-t¢>day running of CCL is delegated to a Senior Management Team. comprising the Operations Direttty, Centre Manager. Operations Manager and Finance Manager. STRATEGIC REPORT STRATEGIES TO ACHIEVE THE PRIMARY OBJEcfivES BACKGROUND In July 2020. during the first National Iwkdown. the previou5 Chanctonbury Leisure Centre operator declared insolvency. leaving the facility wit￿Mrt a rnanagement company. Chanctonbury Community Leisure wa5 formed in November 2020. comprising a group/Board of local indiTr•iduals with a desire to see the Centre reopen. Plans were put into place, with the 5UPPQrt of Storritwn & Sullington Parish Council. to reopen in the December of 2020. Support wa5 also forthcoming from West Chiltington, Washington and Thakeham Parish Cour￿lIS, Horsham District Council and Tesla Engineering. A new managementtearn Vfd5 formed and all mandatiKy policies. operating prLKedures and Health & Safety checks wEre put into ￿aCe. However. the Centre's opening vns delayed by the second national lockdown due to COVID- 19 and did not open to the public until April 2021 and only then on a reduced capacity basis. This provided the op[￿t￿nity to soft test the infrastrLKture before restarting full indcm activitie5 in May2021. once Government restrictions had lifted. In the April the Centre delivered restrictedfitness services, including a reduced Group Exerci Programme that ran making use of the external areas. In May 2021 indoor 5POrt5 were allowed to return and local clubs and organisation were permitted to hire (yjt the facilities fc regular training. In July 2021 further restridions on capacity limits were also lifted. CHANCTONBURYCOMMUNtTYiEISURELTD IIEPORT AND FINANCIALSfA7EMENTS PERIOD ENDED 31 WRCH21)22 ACHIEVEMENTSAND PERFORMAN( Promotethsicol health ondfitness wIt￿n the lorol tommunlty CCL provide5 facilitie5 and opportunities to individua15. clubs. local groups and organisation5 362 days a year. Over 30 clubs / groups use the facilities weekly including AITC Powerchair F￿tball. STARS Gymnastics. Stars Netball. Kendo, Judo, Roller Skating. Badminton. Short Mat Bowls, Table Tennis. short Tennis etc. The Gym catersfor all demographics and is staffed by a well-qualified and experienced team of instructors. The Junior Gym alone has attracted over 90 young people aged Il+ into a althier lifestyle. The Group Exercise Programme delivers over 20 classes per week catering for those who prefer the high impact classes such as Comb3t and Circuits through to those who look toward5 the more holistic sessions including Tai Chi. Pilates arKI Yoga. Promotephy5ical heolth andfvness ¢7mongst the wlder community CCL provides services to in excess of 9¢)0 members from the local community. trgether a number of Pay As You Go l Non Members. All adult classes. children's courses and classes are open to ttE general public at prices set in accordance within the local market. The Centre prides itself on ￿Ing 50 much more than -just 3 Bym". The range of both facilities and Services ori offer provides opwrtunitie5 for all ages and abilities. The creche and weekly toddler session5 cater for our Yo￿ger Under S members whilst our Gentle Fit se55ions led by a trained Physiotheraimst deliver sessions for our more mature rnember& The instsllation of the 3G pitch in 2021 has provided local football teams, both junior and senior. with a local facility for winter training and the pitch has also been used for community sessicms in c(M)junction with the local Neigh&K￿rI￿￿1 Warden5. Publlc Beneftt In settiro objectives and planning activitles the Truttees have given careful ctMsideration to the CharityCcKnmission's general guidante on public benefiL Membership fees fty the community are on a par with local leisure facilitie5 and non- members are aLle to attend many of the activities for a small Charge vthich is comparable with local leisure facilities. The Centre also offers a number of concession prices and memberships for those (wer 65 year5. Students, Juniors and Blue Light Card Tr￿[derS. Registered Carers are provided with fr memberships and the Centre also works in conjunction with the District Council Leisure Access Card aNI GEM Card holders (for ttbjse living in care) CHANCTONBURYCOMMUNnYiEISURELTD BEPORT AND FINANCIALSTATEMEKtS PERIOD ENDED 31 MARCH 102Z ThroughLKrt the year CCL has focussed on delivering ￿1￿1 impacL Thi5 has included a well- attended GP Referral Scheme. which receives patients from local GV5, Phy5ios and Chiropractors. We have also delivered a Holiday Grub Club for local children accessing fr school meals and a number of free FirstAid in the Community sessions encompassing Save Baw5 life courses and Defibrillator Awareness sessions. Hlghllghts > Over 60 local people have attended our Save a Baws Lffe courses > We currently deliver over 125 separate sessions each week for all ages > The 6P Referral Scheme has welcomed over 50 patients onto a discounted 12 week scheme under the guidance o* a training in5trurtor. > The Grub Club has prowded 30 places a week on our school holiday scheme& > The Centre welcome5 UP to 80 children a day each holiday with Premier Education and ACE Football Academies. > The Friday Toddler session attracts over IIXI p3rticipants each week > The Roller Disco attracts over 70 Skaters each ses5iC > Each week 120 girls attend STARS Netball and over 60 atteNJ gymnastics. > Session5 run in conjunction wlth the Neighbourhood Wardens included 6 weeks of free actiMtie5 during the Summer Holiday5. weekly gym sessions arKI regular 3G usage at a reduced rate. > The 3G pitch installation has attrarted 15 teams to train a weekly basis. many of whcrfn had previously had to travel asfar as SteynirE arxl La￿lrE. > The Short Breaks Day for children with additional needs attracted over 60 young people and their families to tske part in a range of spetialise activities. > A Customer Survey. conducted durin8 the year, produced a Net Promoter Score of 72. placing Chanctonbury in the Excellent category. Financial Revlew Resultsfvr theperlod Income for the per1￿j was £560.673. with net influw5 of £158,(￿0. The results for the period were significantly impacted by COVID-19 and the lockdowns. Losses were partially rniiigated by the Coronavirus Job Retention Scheme funding. However. membership D￿M￿rS started to sIo￿Y growafter opening in April 2021. The experience of operating CCL in a COVID-19 period has underlined that the operation is well-placedto do well in the medium term. Feedbackfrom CCL'susers on the rneasurestaken to organise fitness activities safely. and in particular on the professlonalism of 5toff, has been overwhelmingly positive and has underlined the strong relationship with the membership base. While some parts of the CCL offering were scaled back to ensure COVID-5afety, the centre has offered as close to its regular timetable5 as possible. Indeed, there are elements of the changes introduced due to COVID-19 which management will seek to retain. a5 they CHANcfoNBURYCOMMUNITYLEISURE LTD REPORT AND HNANCIAiSTATEMEfiTS imkyove the customer experience. The operation will be tighdy mana8ed while uncertsi atxxrt the coerating eNronment persists. The financial SI￿1nablrlty of CCL is considered further on page 9of this report. Investment polxy CCL maintsins sufficient cash ID its current account to meet day-tTrday requirements. Amounts surplus to thls are deposited. via Flagstone. wrth financial institutions that provide I￿1% FSCS protection and that offerinterest ratesat morefavcwrable rates than CCL'scurrent account At 31 March 2022. £105.400 of CCL'scash was held in such de[￿)sIts, at HSBC Bank plc and the Monmouthshire Building ScKiety. There are no plans to invest in any lo[￿-terM instrumert% or for higher rett￿nS where increased risk 15 a factor. Reserves level and Pol The policy is to hold free reserves of up to six month< running costs 13pproximately £150.(KX)I. At 31 March 2022, CCL had free reserves of £109,25& Remuneratlon Policy The Board considers and approves remuneratlon levels for all staff. includirE key management personnel. A decision will be taken annually wlth due respect to IrKal market forces and fitness industry norrnsand the need to ensure that the tsam Is falrlyand equitsbly rewarded and motivated. Trustees and Professional Advisers The Trustees and professional adviser5 during the pericKI were those listed on page 3. Future Plans CCLaimsto enhance the serviceswhich itoffers to its customers to piovide a firstrate facility. Plans irKlude an expanslon of the s(Kial impactactivities including tskingthe FirstAid sessions t into the c{￿m￿nIty. The Centre has started to forge stronger partnerships with local organisations including Horsham District Council's Wellbeing Team, the sports Development team and the IrKal NHS representstives. 2022 will see the launch of a specificsenior Artivity Dayeach week prcwiding llpportunities to play various sports and aclivities alorgside agencie5 working with social isolation and mentsl health. We will also deliver a series of health interventions including weight loss programme aimedat malesover 40 years. an historicallythallenging demL¥raph to reach. and a Falls Prevention Programme which will take place both inside the Centre and out in the community. Plans are also in place to I￿k at capital expenditure towards refreshing the Centre in terms of equiwient and the environmenL CHAN￿ONBURYCOMmvH￿lEl$Ul1ELTo REPORT AND FINANCIALSTATEMENTS PEIUOD ENLED31 MARCH 2022 Risk Management The Board is resp(￿sIble for the management of the risks faced by the Charitsble Company. Detsiled considerations of risk aredelegatedto senior staff. Risks are identified, assessed and controls established throUgh￿t the year. Aformal reviewof the risk management prtxesses will be undertaken OD an annual basi5. The key controls include.. Strategic planning, budgeting and management accounting: Established organlsational and governance structure and lines of reporting: Formal written policies- Formal agenda's for Board activity; and Authorisation and apw(Wdl levels. Principal risks and uncertalntles The principal iisk5 facing CCL relate to Health and safety of members and visitor& Robust prcKedures. with regular checks arNI balances. are in place to ensure that these risks are minimlsed. Through the risk management PrO￿55e5 established by CCL. the Trustees are sètisfied that the major risks identified have been adequately mitigated. It is recognised that 5VStems can only provide reasonable not absolute assurance that major risks have been adequately managed. FlTrancial suslainabllfty CCL'S policy is to generate sufficient furKts so that it can achieve its charitsble rljjectives, provide a high quality service to its leisure centre member5, ensure stsble employment conditions for its staff and be a reliable business partner for its Suppliers. This is achieved by deriving income from services provided. and receiving in the form of grants and donations from third parties. CCL'5 financial condition is monitored by hawng a thorough and prudent Wet pr(re￿. and the regular monitoring of firbancial projections against artual performance. Envlronmental sustainabillty CCL is committed to minimisingits impacton the environmen¢ and has a rx4icy of continuous imwovement. A high woportion of the electricity that it consumes is generated by the photovoltsic panels that are on the roof of the centre. Electricity consumptlon ha5 been minimised by the use of LED lighting, motion detector5 that allow lighting to go off when not required, and the culture (rf the centre that discourage5 the waste of energy and resources. Recycling of ?pprorxiate materialsismaximisedatalltime5. The Leisure Centre monitorsdailv usage of all utilities sets an annual tsrgetto reduce ernissions and usage. 2022123 will see further investrnent into energy saving measure5 including installation of LED lighting on the external 3G court. CHANCTONBURYCOMMVNrrYiEISURELTD REPORT ANDFINANCIALsfATEMENIS PERIOD ENDED31 MARCH X112 Statement of Trusted rwonsibilities The Trustees {who are also the directors of CCL for the purE￿iseS of company 13wI are responsible for preparing the Trustees, Annual Report and the financial sratements in accordanceviith ap￿iCable law and United Kingdcffi GenerallyAccepted Accounting Practi Iunited knngdom kcounting Stsndar(tsl. Company law requires the Trustees to prepare financial statements for each period. Under company lawthe Trustees must not approve the financial ststements unless they aresatisf led that the give a true and fair view of the state of affairs of the Charitsble Company and of the incoming resources and application of resources, includir4g irKome and expenditure. OF the Charitablecompanyfor that perlod. In preparin8tt*se financial ststements, the Trustees are required to: Select suitsble actounting pollcies and then apply them consistentlv: Observe the methods and principles in the Charitie5 SORP: Make judgements and estimates that are reasonable and prudellt; stste whether applicable UK accourrtin8 Standards have been followed. subject to any material deparbjres disclosed arKI explained inthe financial statements". and Prepare the financial statements on the on the going concern basis unless it is inappropriate to presume that the Charitsble Company will continue in business. The Trustees are responsible fcff ensuring that CCL keeps adequate 3CCOUrtine records that are sufficient to sTrKAv and explain the Charitsble Companvs transactions. disclose with reasonable accuracy at anytime the financial position of the Charitsble Company and enable them to ensure that the financial ststements comply with with the Companies Act 2(￿J6 and the provisions of the chariVs consiitution. They are a150 responsible for safeguarding the assets of the charity and hence for raking reasonable steps for the prevention and detection of fraud and other irregularities. So far as the Trustee5 are avrare, there is no relevant information of ￿lch the Charitable CoMpan￿S ifKlependent examiners is unav¥dre and we have taken all the step5 that we ought to have tsken asTrustees in order to make owselves aware of any relevant information and to establish that the Charitsble Companvs in(kpendent Examiner is aware of that Information. Independent Examiners In View of the scale of the Charitsble Companrfs activities and net assets, an independent examination but not an audit of the Financial Statements is required. This examination has en carried by Kre5ton Reeve5 LLP. Kreston Reeves have Èxwessed its willingness to continue as independent examiners for the next financial year. io CHANcfoNBURYCOMMUNnYiEISURE LTD REPORT AND FINANCIALsfATEMENT5 PERIOD ENDED 31 WIRCH Z022 Statementof dtsclosureof inlorniati¢Jn to the Independent Examiner The Trustees at the date of approval of this Trustee< annual report confirm that so far a5 each of them 15 aware. there is no relevant information of which the independent examiner is unaware, and the Trustee5 have tsken all steps that they ought to have tsken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information. This Trustees, Repxrt prepared under the Charities Act 2011 and the Companies Act 2(KJ6. IKdS approved by the Board of Trustees on ￿ May 2022. Includirvd in their capacity as company direc￿$ appr(Nal of the Strategic Report C￿ained therein. and is signed on its behalf by Philip Pickard Chairman 18th May 2022 li **CHANCTONBURY COMMUNITY LEISURE LTD REPORT AND FINANCIAL STATEMENTS PERIOD ENDED 31 MARCH 2022** ## **Independent examiner's report to the Trustees of Chanctonbury Community Leisure Limited ('the company')** I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March 2022. This report is made solely to the charity's Trustees in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees for my work or for this report. ## **Responsibilities and basis of report** As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the company 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 company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies. 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: 1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities. 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 accounts to be reached. Signed: Dated: 12/7/22 ## **Sarah Ediss BSc FCA** Kreston Reeves LLP Horsham 12 CHAMcfoNBURYCOMMUNITYiEISURELTD REPORT AND FINANOALSTATEMENTS PERIOD ENDED 31 MARCH 2022 ststement of Flnancial Activities lfiffjrporatlnK InrASrne arKI e¥pÈfvdlture Total Funds Funds FurKIs 2022 INCOME FROM: 193.9)1 11.049 328.681 328.681 741 26,301 741 20.301 Olhw.trddlrvJ acth T(YtAiTr4C(iME S49.624 11,049 56Q673 EXPENDITURE ON: RalslrvJ Charltablo acls1ry1* OthBr aclivStleg 1,716 9276 380.856 11481 12,481 NET INFLOW FOR THE PERIOD 1,919 11,919) TIAal fut*ls brou￿*f￿vard Totsl lundg ¢wrt•d fomrd 15Q490 1.570 158.1￿7 Cash Flow Statement 2022 173267 148,8441 741 Purchasg f[￿ *sets In c35h in the p¢rfod 125,164 Cash bJlaK* 31 March 2022 125.164 The ￿ on pages IS to 24 form part (rf these financial statements CHANCTONWRYCOMMUNrrYiEISURELTD REPORT ANDFINANC1Ai￿ATEmENTS Balance Sheet Fixed Assets Tar01b￿ sssds 10 47232 756 10.802 125,164 136,722 D8btor5 Cash at ba 11 C￿lit0￿. amwntsduèwitrin orn 12 25.894 Net awrenl assels Total ngt assgls 15Q060 Total unre#ri(tid fiJNI8 Tolal designated luTrYs 14 14 14 109.258 47.232 1.570 Tolal fthKIs The Company was entitled to exemptlon from audit under section 477 of the companies Act The members have not required the company to obtsin an a￿lIt of its accounts for the period in question in accordance with sedion 476 of the Companies Act 21Th. The trustees acknowledge their responsibility for Complyi￿ with the requirements of the Companies Art 2006 with respect to accounting retords and the preparation of financia statements. The notes on pages 15 to 24 form part of these financial ststements Approved by the Board of Trustees on 18th May 2022 and signed on its behalf by: Ffiilip Pickard Chairman Iyh May 2022 14 CHANCTONBiIRYCOMMUNIIYiEISVREI1Y) REPOFtr AND FINANCIALSTATEMENTS PERIOO ENDE031 MARCH 2022 Notes to the financial statements L Accounting Policies Accountlng c¢mventlon The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland {FRS 1021, the Companies Act 2006 and the Ststement of Recommended Practice applicable to charities preparingtheir accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102} - effective l January 2019. These financial statements have been drawn up on the historic cost accounting basis. At the time of approwdl ijf the Annual Rewrt. the COVID-19 paTrJemic continues to evolve and the long term impact CCL. in common with other businesses. is unkn¢)wn. The Board has reviewed the position carefully with a view to ensure that CCL can continue to provith vitsl s￿rtIrE facilities tothe local community. The Board telieves that CCL can continue as a 8oing concern for the foreseeable future. being at least 12 months from the date of apprwdl of the financial statements and have therefore prepared the financial ststernents on a going concern basis. CCLis a Charitsble Company limi*d byg￿rantee (Company number 130146791 and registered in England. It is a Public Benefit Entity registered with the Charity Cornrnission in England and Wales under Charity number 1193395. CCL operates from its registered office at Chantton￿lrY Leisure Centre, SpierbridEe Road, Storrington. Pulborough RH20 4PG. The financial statements are presented in Sterllng 1£) and rojnded to the nearest £1. Criilcal accounting judgements and keysourcesof estSmation Un￿rtanty In the appllcation of the Charitable Companws accounting pollcie5. Trustees are required to make judgements. estimate5 and assumptions about the carrying values of assets and liabilities that are nc¢ readily apparent from other Sour￿$. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant Actual reS￿ts may differ from these estirnates. The estimates and underlying assumptions are revIev￿d on an on-going basis. Revisions to accounting estimates are recognTsed in the period in vthich the estimate is revised if the revision affects 0￿¥ that period or in the ￿rIOd of the revision aNI future periods ifthe rewsion affectsthe current and future r￿rI￿5. CHANcfoNBURYCOMMUNITYiEISURELTD R￿￿Rr AND FINANCIALSTATEMENTS PERIOD ENDED31 MARCH X122 Notes to the financial statements contlnued In the view of the Trustees, no assumptiorG concerning the future or estimation uncertainty affecting a55ets and liabilities at the balance sheet date are likelyto result in a material adjustment to their carrying amounts in the next financial year. The following paragraphs describe the specific policies adopted for recogrwlion of significant categories of im?ming resource and expenditure. Lelsure Centre income Leisure Centre income relates to continuing activities and comprises membership subscriptions, guest lees and hire of facilities in the period, exclusive of Value Added Tax and is accounted for when receivable. Le8acles. donatlons and grants Income from legaties, donations and grants is accounted for as and when entitlement arises. the amount can be reasonably quantified and the economlc t￿￿rit to the charity is considered probable. Investment in¢ome Investment income currently comprises bank Interest and Is accounted for on an accr￿515 basis. Deferred income Fee i￿ome invoiced in a(fvance of courses or hire are deferred to the period in which the courses or hire is delivered. Fixed asset5 A number of fixed assets are in the ovmership of Storrington Parish Council. the cost of use being charged on an annual basis at a peppercorn rent of £5 per annum to the Charitycompanv. EXpendIty￿ on Individual Items Costi￿ more than £l.000 has been capitalised. Fixed assets are depreciated in equal annual instalments over their econcffnic lives as follows: Plant and equipment Leasehold improvement 20% or 33.33% on cost IO% on costs Stock Stock i5*ated at the lower of cost or net realisable value. 16 CHANcfoNBURYCOMMUNifYiEISVRELTD REPORT AND FINANCIALSTATEMEN75 PERIOD ENDED 31 MARCH X)22 Notes to the financial statements coDtlnued Lease commltnwrts Rentsls paid under operating lea5esarechargedto IrKome on a straight line basis over the leaseterm. Expenditure Expenditure is accrued as soon as a liability is considered probable, discounted to present value for so￿er-terrn liabilities. Expenditure isapportioned to cost categories based on the estimated amount attributable to that artivity in the pericKJ. Governance costs comprise the costs running the Charitrble Company. including strategic ￿anning for future development, extemal inde￿ndent review, any legal advice for the Board. and all the costs of complying constitutional and ststutory requirements. such asthe cost of Cixmmittee meetinES. preparing ststutory accounts. and satisfying public actountability. Taxation The activities of CCL are exempt from Income and Corwration Tax but are registered for Value Added Tax IVATI. The majority of these activities are classified a5exempt or non-business activitiesfor VAT purty)ses and consequently itis nDt FK&sible to reclaim the majority CA the VAT incurred on purchases. Irreco¥erable VAT ischarged a5 a cost againstthe activityfor which the expenditure Yras incuried. Pension ScI￿ne5 CCL participates in the Governrnent NEST pension scheme for staff and the pension charge represents the amounts payable by the Charitable Company to the fund in resFeCt of the pericKI. There is a150 an Aviwa Pension scheme in position for senior management. Flnantial instruments Basic financial instruments are initially reci¥nised at tran53Ction value and Subsequently measures at amortised cosL Financial assets held at amortised cost omprise cash at bank and in hand, together with short term dekN)sits trade and other debtor5. A specific provision is made for debts for which recoverability is in doubt. Cash at bank and in hand is defined as all cash held in instant ac￿55 bank accounts and short term deposits used a5 working capital. Finantial liabilities held at amortised cost com¥Kise all creditors except scKial security and other taxes and provision5. 17 CHANCTONWRYCOMMUNITYLEISURELTD REPORT AND FINANCIAL ￿ATEmEPll5 PERIOD ENDED31 MARCH 1022 Note5 to the financial ststements continued Funds Unrestricted funds are fur￿$ availabfe to for use at the discretion of the trustees In furtherance of the general objectives of the charity and which have not been (Jesignated for any other purpose. Designated fvnds comprise Unrestricted funds that have been set astde bythe charity for particular purposes. There is no legal restriction on the way in which the funds may be applied. Re5trkted lundsare actountedfor in accordance with the particular terrns of the trust arising from the exwessed or implied wishes of thnors in50far as thÈse are intended to be binding. 2. DONATIONS & LEGACIE5 Total FuwKIs 2022 Funds 2022 371 371 Dor¢btTh from 0trQr￿gar￿ts Covrtl R*rt Gwt 99.246 3,489 102.735 Grarts 745ffl 193,gJ1 3. INCOME FROM CHARITABLE AcnvtnES Furnts FWKIS 21122 264.819 &3,862 284￿19 Use offa￿tieS 32&601 32&681 INCOME FROM TRADING ACTivrriES FuThl$ FwKIs F￿￿1$ 2022 2D22 Cafe S* 25.481 25.481 24301 26.301 CHANCTONBVRYCOMMUNtNLEISURE LTD REPORT AND FINANCIALsfATEMENTS PERIOD ENDED 31 MARCH 202Z Notes to the financial statements continued S. ANALYISIS OFTOTAL EXPENDmiRE Total Slaff Costs Othv ¢osts D•pr•ciatlon Funds 2022 2022 2022 2022 1,818 51.901 18.213 16,544 35,626 13,352 7251 2.571 ¥472 19025 16.544 41,058 13,352 7251 Equipmewrt Pth)lir*y ¢x 1.612 6,432 Inance (Yjsts 234,539 144705 Notes to the financial statements contlnued & 5LIPPORT COSTS Totsl 2U22 st￿￿tfees 5N32 13,047 1436 104 1322 8,077 c￿rg8s Irw 41.058 7. GOVERNANCE COSTS Totsl Furvjs 6.251 19 CHANcfoNBURYCOMMUNITYLEISURELTD REPORT AND FINANaALsfAIEMEKrs PERtOD EP4DED 31 MARCH ZP2Z 8. STAFF COSTS Tolal WagesaTrJ salarns 191,021 10.146 6,460 28.912 CAe8r Maw8m8ntaThl almlrtslra 74 No employee earned over £60,CMJO {full year equivalent) The charity considers its key management persornel during the period to be the OperatiCff15 Director. The total benefits receivedby key management personnel during the period wa5". to 31r312022 61365 3.761 5,103 71x9 Grw pty Emplosw5 Nl 9. RECONCILIATION OF NET INCOME IEXPENDrruRE) TO NETCASHFLOW FROM OPERATING ACTivmES Net inllows for th8 poriod la5 Per th8 SlatemeTr1 of Flnwlal ktM¢1￿) Juslments for. 158.060 1.fj12 17411 (T561 {10,8021 IrJ287 CHANcfoNBURYCOMMUNITYiEISURELTD REpoirrAND FINANaAL ￿ATEmE1¥f5 PERIOD ENDED 31 W4RCH 2022 Notes to the financial statements contlTrued 10. TANGIBL£ FIXED ASSEtS Lea581￿k1 PJart& HxiuTts.IlttinparMlewipment Cost or Valualh)n Balance at 12 NrpAmPw2020 Athl1￿￿$ 2022 2022 202Z 33, 15238 BalaK• al 31st March2022 Balan¢0 at 12 Novwnber 2WI Addiknons 11.120} 1492) 11.6121 BakTV at31st I1￿h 2022 1.612 Net Book Vakn at31st Mar¢h 2022 14746 472Y2 11. DEBTORS 2022 Traje debt(rfs PfBFW8 1.765 864 VAT repayat 1(1.802 IZ CREDrroRS: DUE wrrHIN ONE YEAR 2022 51J58 2.393 17346 1.195 Accrua Ott*r creditcws 2&894 21 CHANCTONBURYCOMMUNITYLEISURELTD REPORT ANDFINANCIALsfATEMElll5 PERIOD ENDED31 MARCHJ122 Notes to the financial statements continued 13. ALLOCATION OF NEfASSEfs BEfwEEN FUNDS D88ignated GÈnpr41 RestrS¢l¢d Tolal Fumts F4WKls Funds Cash at b¥ Otl*r nèt8ssets 123.594 {14.336) 1570 124164 47,232 47.232 109,258 1.570 158.060 IQ MOVEMENT OF FUNDS 12-Nov *￿Ing Oi#goiffj Twanskn 31-Mar 2020 2022 Unre5trided Iwds: De5vJrEt￿. Fvod A55et Capital Fw¥J (1.612) 1393.441) 47232 1.919 1Q9.258 s￿.780 1 J19 156,490 Restricted fvnds: Power Garage. D8mentia Café W#itrrL88- Ctrfjldrers Grth aub Rotary CILtJ. SIK¥I Bre8ks Rotary ￿b. Commurllty FC￿lbaII AC1￿ Reach- Prime Timer5 919 1.000 (919) 11.fAKI) 17.5601 1.919 1.570 Totsl fwHIs 560.673 1613 158.060 DESIGNATED FUNDS These furKls are created for specific purw5e5. There is no legal restriction on the Wdy the in which the funds may be applied. The fixed Asset Capital fund represents the net Ihjok value of the fixed assets used for operational purtx)ses. RESTRICTED FUNDS Power Garage- Dementia Café Thisfunding has been grantedto deliver a Memorycaféfor those livingwith dementia or similar. Planned to commence in May 22 this sewon will run on the first Wednesday of each month moving forwar 22 CHANcfoNBURYCOMMUNITYLEISURE LTD REPORT AND FINANcIAl￿ATEmE?￿S PERIOD ENDED 31 MARCH 2022 Notes to the flnancial statement5 contlnued Waitrose- Children's Grub Club Waitrose funded our Grub Club in the octo1￿r and December (*2020. providirE local children in receipt of free school meals free chlldcare arKI a hot meal during aur )liday playschemes. Rotary Club-short Breaks In early 2022 the Centre delivered a free Short Breaks Day aimed at artiyities for children with additional needs and their families. This attracted over 60 young people and featured sessions including wheelchair s￿1rtS, trampolinin& DJ'in& Table Tennis, Boccia. Arts and Crafts, Fc#)tball and general sports. Rotary c￿b-ComMunltyFOOtball As part of the initiative to deliver diversionary artivbts.es f￿ local yourE peotAe this fund is for a coached evening football session delivered free of charge to the participants and due to commence in May 2022. Access Reach- Eastside Prlmetlmers The Acce55 Reach funding paid for access to a leisure corbsultant to assist v#ith the funding bid to CAF Venturesome. vknich re5utted in fvnding for the 3G surface installation. IS. LEASE COMMttMÉNTS On the 20 November 2020 the CharItst￿e Company entered into a 20 year lease for tt* land and premi5e5 at the Leisure Cetrtre Storrington and Sullitw Parish Council {SSPCI for a peppercorn rent of £5 per annum. There is a breakclause date of 31 December 2023. Either partycan terminate the lease providing at least six mont notice before this break date. There is no break date after 31 December 2023. At the 31 March 2022. the Leisure Centre had other annual commitments under non- cancellable operating leasesas fdlows: Office Equlpment vtrthin One Year Between One and Five Years Total 316 909 CHANCTONBURYCOPMIUNITY LEISURE LTD REPORT AND FINANCIALSTATEMEtITS PERIOD ENDED 31 MARCHX122 Notes to the flnanclal statements contlnued I& RELATED PARTVTRANSA￿1oNs PC invoiced the Leisure Centre £13.072 (net of reCo￿rable VAT) f(ff electricity and watsr for the period 12 November 2020 to January 2022 when the supply was then transferred into the name of CCL. CCL has the use of exercise equipment owned by SSPC for which there is no charg This equipment was purchased by SSPC out of an administration ftjr £30,CW. Ownership of these assets remain with 5SPC and the benefit and associatsd cost of these assets have nct been recorded the accounts asthe value cannot be measured reliably and the associated costs of valuation would ojtweigh the benefit to users of these accounts. CCL may replace any of this equipment when obsdete but any new equipment purchased transfers to SSPC on termination of the lease. Consideration 15 given to the length of the lease of the premiseslsee note 151 when assessing the useful lifeof new equipment. Although there is a breakdause in the leaseof December 2023 there is no intention by the trustees to iniiiate this tlause. SSPC gifted £94.247 by way of t*)nation5 to CCL durirg the period. Three trustee5 are member5 of SSPC. No trustee5 (with the exception of Andrew Dunstsn as Operations Director) re￿Ived remu￿ratiOn for their seNices or reimbursement of expenses during the period. The Charity Commission granted authority on 3 February 2021. a5 required by clause 7.1 ofthe companrfs Articles of Association dated 12 November 2020forAndrew Dun5tan to receive and retain reasonable remuneration paid to him in respect of his employment by the charity as Operations Director not withstsnding that he is trustee ofthe charity detsils of which are included in note 8. All trustees are mem￿r$ of the Leisure Centre M terms consistent other members. 17. COMPANYSTATUS The company is limited guarantse and thus has no share tapitsl. Each of the members has undertsken to tontribution £1 in the event of windir¥ up. 24