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2023-10-31-accounts

CROWLAND LEISURE & WELLBEING CENTRE CIO CHARITY COMMISSION REGISTERED NO.1194439

STATEMENT OF ACCOUNTS for the year ended 31 October 2023

CROWLAND LEISURE & WELLBEING CENTRE CIO

Contents

for the year ended 31 October 2023

Legal and Administrative Information 1
Trustees' Annual Report 2 - 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8 - 13

CROWLAND LEISURE & WELLBEING CENTRE CIO

Legal and Administrative Information

for the year ended 31 October 2023

Trustees

Clinton Bell - Appointed Trustee 1 July 2023 & Chair 17 July 2024 Annette Williams - Secretary Julie Wright – Treasurer – Appointed Trustee 1 February 2024 & Treasurer 4 May 2024 Ashley Davis Susan Parrot Reginald Boot David Ringham Prof. Peter Davis - Appointed 1 July 2023 M Brooks – Appointed 17 July 2024 David Murphy - Resigned 19 May 2023 Wayne Glenton - Resigned 1 May 2024

Registered Office

Parish Rooms Hall Street Crowland Peterborough PE6 0EN

Independent Examiner

R Decamps BSc (Hons), MAAT, FCA Fisher & Co Accountancy Limited Office 5B Block 2 Barrowby Barns Northgate West Pinchbeck Spalding Lincolnshire PE11 3TB

Bankers

Metro Bank PLC One Southampton Row London WC1B 5HA

Page: 1

CROWLAND LEISURE & WELLBEING CENTRE CIO

Annual Report

for the year ended 31 October 2023

Introduction

We are pleased to present the Charity Trustee's Report for financial year ending 31 October 2023 for Crowland Leisure & Wellbeing Centre. This report is intended to provide an overview of the charity's activities, achievements, and financial performance during the year.

The trustees have adopted the provisions of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 in preparing the annual report and financial statements of the charity.

Charity Overview

Charity Name: Crowland Leisure & Wellbeing Centre

Registered Charity Number: 1194439

Principal Office Address: Parish Rooms, Hall Street, Crowland, Peterborough, PE6 0EN

Principal Operation Address: St Guthlac’s Sports Hall, Crowland

Trustees

The Charity Trustees that held office during the period are as follows:

Clinton Bell Chair Appointed 17 July 2024
Wayne Glenton Trustee Resigned 1 May 2024
Ashley Davis Trustee
Annette Williams Trustee and Secretary
Susan Parrot Trustee
Reginald Boot Trustee
David Ringham Trustee
Prof. Peter Davis Trustee Appointed 1 July 2023
Julie Wright Trustee and Treasurer Appointed 4 May 2024
David Murphy Trustee Resigned 19 May 2023
Michael Brooks Trustee Appointed 17 July 2024

Charity's Objects

Crowland Leisure and Wellbeing Centre is a charity that provides a gym and sports hall for physical exercise for the good of the community and extended area. The charity operates on a membership basis and is not for profit.

Page: 2

CROWLAND LEISURE & WELLBEING CENTRE CIO

Annual Report

for the year ended 31 October 2023

Charity Activities

During the year, Crowland Leisure & Wellbeing Centre continued to work towards achieving its charitable objectives. We are proud to report the following key activities and achievements:

Public benefit

The trustees have considered the Charity Commission's guidance on public benefit and believe that the objects of the Leisure & Wellbeing Centre and the activities undertaken support this public benefit.

Financial Review

Income

Total income for the period was £68,833 (2022; 40,414).

This income was generated through gym use £56,120 (2022; 31,191) and sports hall use £12,713 (2022; 9,223).

Expenditure

Total expenditure for the period was £72,940 (2022; £64,433).

Expenditure was for funding our charitable activities and supporting the administration of the charity, with the main component being wages and salaries £40,431 (2022; £41,872) and the rise in energy prices.

Reserves

At the end of the financial period, the charity held a reserves deficit of £28,126 (2022; £24,019). This operational deficit has been financed by way of a long term, interest free loan from Crowland Parish Council who were pivotal in establishing the gym for the community having already converted the site for the purpose.

The charity does not have any restricted reserves and no specific reserves policy.

Governance

The charity is governed by a board of trustees who oversee its activities, ensuring compliance with legal and regulatory requirements. The operation is managed by an employed Centre Manager.

Future Plans

Looking ahead, Crowland Leisure & Wellbeing Centre has ambitious plans to further its charitable objectives. Since the end of the reporting period, the charity has reached equilibrium where income exceeds costs by a small surplus that will be used to fund future projects for the community and repay liabilities accrued during the early months.

Page: 3

CROWLAND LEISURE & WELLBEING CENTRE CIO

Annual Report

for the year ended 31 October 2023

The trustees are very optimistic about the future and the charity continues to see a net member growth.

As at the time of writing this report the gym has around 258 members, mostly based in Crowland. There is a growing community at the Centre with classes provided and other activities.

South View Primary School continue to make use of the sports hall during term time for the benefit of the children, providing additional space for the school to deliver physical education.

The trustees and Centre Manager have a number of new initiatives in the pipeline that we should see taking shape over the coming months and years.

We would like to express our gratitude to Crowland Parish Council, supporters, volunteers, and staff for their dedication and commitment to the charity's mission. In particular we would like to thank our Centre Manager in post during the period, Alison Burton, for her dedication and commitment.

Trustees Responsibilities

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charity law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the CIO and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

For and on behalf of the board of trustees:

Clinton Bell – Chair

Date: 15 August 2024

Page: 4

Independent Examiner's Report to the Trustees of CROWLAND LEISURE & WELLBEING CENTRE CIO

For the year ended 31 October 2023

I report to the charity trustees on my examination of the financial statements of the charity for the period ended 31 October 2023 which are set out on pages 6 to 13.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirement of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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

R Decamps BSc (Hons), MAAT, FCA Fisher & Co Accountancy Limited Chartered Accountants

Date: 15 August 2024

Page: 5

CROWLAND LEISURE & WELLBEING CENTRE CIO

Statement of Financial Activity

for the period ended 31 October 2023

Note
Income from:
Charitable activities
2
Total income
Expenditure on:
Charitable activities
3
Total expenditure
Net income / (expenditure)
Reconciliation of funds:
Fund balances brought forward
Fund balances carried forward
Unrestricted
funds
£
68,833
68,833
72,940
72,940
(4,107)
(24,019)
(28,126)		 2023
Restricted
funds
£
-
-
-
-
-
-
-		 Total
£

68,833
68,833

72,940
72,940
(4,107)

(24,019)
(28,126)		 2022
Total
£
40,414
40,414
64,433
64,433
(24,019)
-
(24,019)

The notes on pages 8 - 13 form part of these financial statements.

Page: 6

CROWLAND LEISURE & WELLBEING CENTRE CIO

Balance Sheet

as at 31 October 2023


Unrestricted
funds
£
Fixed assets Note
Tangible assets
6
1,140
Current assets
Debtors
8
868
Cash at bank
4,720
5,588
Creditors:Amounts falling due
within one year
9
8,482
Net current liabilities
(2,894)
Creditors:Amounts falling due
after one year
10
26,372
Total assets less current liabilities
(28,126)
Funds
Unrestricted
11
(28,126)
Restricted
-
(28,126)		 2023
Restricted
funds
£
-
-
-
-
-
-



-
-
-
-		 Total
£
1,140
868
4,720
5,588
8,482
(2,894)
26,372
(28,126)
(28,126)
-
(28,126)		 2022
Total
£
1,223
788
800
1,588
9,609
(8,021)
17,221
(24,019)
(24,019)
-
(24,019)

These financial statements were approved by the Trustees on 15 August 2024 and are signed on their behalf by:

……………………… ……………………… Clinton Bell - Chair A Williams - Secretary Trustee Trustee

…………………….. ……………………… J Wright - Treasurer S Parrot Trustee Trustee

The notes on pages 8 - 13 form part of these financial statements.

Page: 7

CROWLAND LEISURE & WELLBEING CENTRE CIO

Notes to the Financial Statements for the

year ended 31 October 2023

1. Accounting policies

(a) General information and basis of preparation

Crowland Leisure & Wellbeing Centre CIO is a Charitable Incorporated Organisation in England. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office is given in the charity information on page 1 of these financial statements.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The financial statements are prepared on an accruals basis and a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling, which is the functional currency of the charity.

(b) Income recognition

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income after any performance conditions have been met, and the amount can be measured reliably and it is probable that the income will be received.

Membership is taken from members via direct debit each month and there is no contracted period of membership.

Gifts in kind in the form of donated assets are included at the fair value to the charity where this can be quantified.

(c) Expense recognition

Expenditure is included in the Statement of Financial Activities on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. The primary functional activity of the charity is the provision of a gym and Sports hall for physical exercise for the good of the community and extended area.

Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the accountancy fees and costs linked to the strategic management of the charity.

Support costs include all those overhead costs for utility services, and other services and costs, which are in support of the activity. They have been allocated to activity cost categories on a basis consistent with the use of resources.

(d) Gifts in Kind

Gifts in Kind are brought into the financial statements where there is either a reasonable estimate of their fair value to the funds or the amount which is actually realised. Where a value cannot be determined, or a reasonable estimate applied, the gift is not included in the Statement of Financial Activities.

No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102).

Page: 8

CROWLAND LEISURE & WELLBEING CENTRE CIO

Notes to the Financial Statements (continued)

for the year ended 31 October 2023

1. Accounting policies (continued)

(e) Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

(f) Taxation

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.

(g) Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture, fixtures and fittings - 25.00% reducing balance Computer equipment - 33.33% reducing balance

(h) Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

(i) Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for the next 12 months from authorising the financial statements.

(j) Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

The useful economic life used to depreciate tangible fixed assets relates to the expected future performance of the assets acquired and management’s estimate of the period over which economic benefit will be derived from the asset.

The residual value of an asset is the estimated fair value of that asset at the end of its useful economic life and therefore is also dependent upon the estimation of that life span.

Page: 9

CROWLAND LEISURE & WELLBEING CENTRE CIO

Notes to the Financial Statements (continued)

for the year ended 31 October 2023

2. Charitable activities income


Unrestricted
£
Membership fees
55,845
Day passes
275
Sports hall hire
12,713
68,833
Unrestricted
£
Membership fees
55,845
Day passes
275
Sports hall hire
12,713
68,833		 2023
Restricted
£
-
-
-
-
Total
£
55,845
275
12,713
68,833		 2022
Total
£
30,861
330
9,223
68,833 40,414

3. Charitable activities expenditure


Unrestricted
£
Gym equipment and consumables
257
Personal trainer costs
3,160
Wages
40,431
Staff pensions
571
Staff training
220
Staff clothing
71
Signs and advertising
59
Travel
-
Light and heat
13,644
Rates
1,203
Repairs and maintenance
1,741
Cleaning
1,491
Insurance
1,124
Telephone
921
Printing, postage and stationery
143
IT software and consumables
1,560
Legal and professional fees
1,206
Independent examiner's fee
640
Subscriptions
3,187
Donations
50
Sundry expenses
804
Bank and card charges
69
Depreciation
388
72,940
Unrestricted
£
Gym equipment and consumables
257
Personal trainer costs
3,160
Wages
40,431
Staff pensions
571
Staff training
220
Staff clothing
71
Signs and advertising
59
Travel
-
Light and heat
13,644
Rates
1,203
Repairs and maintenance
1,741
Cleaning
1,491
Insurance
1,124
Telephone
921
Printing, postage and stationery
143
IT software and consumables
1,560
Legal and professional fees
1,206
Independent examiner's fee
640
Subscriptions
3,187
Donations
50
Sundry expenses
804
Bank and card charges
69
Depreciation
388
72,940		 2023
Restricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total
£
257
3,160
40,431
571
220
71
59
-
13,644
1,203
1,741
1,491
1,124
921
143
1,560
1,206
640
3,187
50
804
69
388
72,940		 2022
Total
£
503
2,312
41,872
632
252
458
2,088
50
5,017
267
1,058
2,193
1,148
722
226
1,569
1,362
240
2,041
-
135
62
226
72,940 64,433

4. Independent Examiners remuneration

4. Independent Examiners remuneration


Amount payable to independent examiner:
Independent examination
Accountancy fees		 2023
Total
£
240
400
640		 2022
Total
£
240
400
640

Page: 10

CROWLAND LEISURE & WELLBEING CENTRE CIO

Notes to the Financial Statements (continued)

for the year ended 31 October 2023

5. Staff costs



Wages and salaries
Pension costs		 2023
Total
£
40,431
571
41,002		 2022
Total
£
41,872
632
42,504

Average number of staff employed is 5 (2022: 4).

There are no employees who received total employee benefits of more than £60,000.

6. Tangible fixed assets

Cost
At 1 November 2022
Additions
At 31 October 2023
Depreciation
At 1 November 2022
Charge for the period
At 31 October 2023
Net Book Value
At 31 October 2023
At 31 October 2022		 Furniture,
Fixtures &
Fittings
£
1,001
-
1,001
227
196
423
578
774		 Computer
Equipment
£

554

305

859
105

192

297
562

449		 Total
£

1,555

305

1,860
332

388

720
1,140

1,223

7. Trustees remuneration and expenses

There were no trustees' remuneration, other benefits or expenses for the period ended 31 October 2023.

8. Debtors

Debtors 2023
£
868
868		 2022
£
788
788

Page: 11

CROWLAND LEISURE & WELLBEING CENTRE CIO

Notes to the Financial Statements (continued)

for the year ended 31 October 2023

9. Creditors: Amount falling due within one year

Creditors
Accruals
PAYE liability
Pension liability		 2023
£
5,843
2,002
401
236
8,482		 2022

£

4,864

4,252

337

156
9,609

10. Creditors: Amounts falling due after one year

Key fob deposits
Crowland Parish Council		 2023
£
1,735
24,637
26,372		 2022
£

1,170

16,051

17,221

11. Funds

The funds are constituted as follows:

Fixed assets
Debtors
Cash at bank and in hand
Creditors		 Unrestricted
£
1,140
868
4,720
(34,854)
(28,126)		 Restricted
£
-
-
-
-
-		 Total
£
1,140
868
4,720
(34,854)
(28,126)

12. Related parties

During the year the charity purchased Xero, Dext and payroll software from Glents Services Limited, a company of which the charity’s Trustee, Wayne Glenton, was a Director. Total purchases from this related party for the year ended 31 October 2023 were £695 (2022: £865). There were no amount outstanding at the year-end. The transactions were all under normal commercial terms.

13. Control

The charity is under the control of the board of trustees as a body and no individual can or does exert control.

Page: 12

CROWLAND LEISURE & WELLBEING CENTRE CIO

Notes to the Financial Statements (continued)

for the year ended 31 October 2023

14. Fund comparatives

Statement of financial activity


Income from:
Charitable activities
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income / (expenditure)
Reconciliation of funds:
Fund balances brought forward
Fund balances carried forward
Statement of financial position

Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank
Creditors:Amounts falling due
within one year
Net current liabilities
Creditors:Amounts falling due
after one year
Total assets less current liabilities
Funds
Unrestricted
Restricted		 2022
Unrestricted Restricted
funds
£
funds
£
Total
£
40,414
-
40,414
40,414
-
40,414
64,433
-
64,433
64,433
-
64,433
(24,019)
-
(24,019)
-
-
-
(24,019)
-
(24,019)
2022
Unrestricted Restricted
funds
£
funds
£
Total
£

1,223
-
1,223


788
-
788
800
-
800
1,588
-
1,588
9,609
-
9,609
(8,021)
-
(8,021)

17,221

17,221


(24,019)
-
(24,019)
(24,019)
-
(24,019)
-
-
-
(24,019)
-
(24,019)		 2022
Unrestricted Restricted
funds
£
funds
£
Total
£
40,414
-
40,414
40,414
-
40,414
64,433
-
64,433
64,433
-
64,433
(24,019)
-
(24,019)
-
-
-
(24,019)
-
(24,019)
2022
Unrestricted Restricted
funds
£
funds
£
Total
£

1,223
-
1,223


788
-
788
800
-
800
1,588
-
1,588
9,609
-
9,609
(8,021)
-
(8,021)

17,221

17,221


(24,019)
-
(24,019)
(24,019)
-
(24,019)
-
-
-
(24,019)
-
(24,019)		 2022
Unrestricted Restricted
funds
£
funds
£
Total
£
40,414
-
40,414
40,414
-
40,414
64,433
-
64,433
64,433
-
64,433
(24,019)
-
(24,019)
-
-
-
(24,019)
-
(24,019)
2022
Unrestricted Restricted
funds
£
funds
£
Total
£

1,223
-
1,223


788
-
788
800
-
800
1,588
-
1,588
9,609
-
9,609
(8,021)
-
(8,021)

17,221

17,221


(24,019)
-
(24,019)
(24,019)
-
(24,019)
-
-
-
(24,019)
-
(24,019)		 2022
Unrestricted Restricted
funds
£
funds
£
Total
£
40,414
-
40,414
40,414
-
40,414
64,433
-
64,433
64,433
-
64,433
(24,019)
-
(24,019)
-
-
-
(24,019)
-
(24,019)
2022
Unrestricted Restricted
funds
£
funds
£
Total
£

1,223
-
1,223


788
-
788
800
-
800
1,588
-
1,588
9,609
-
9,609
(8,021)
-
(8,021)

17,221

17,221


(24,019)
-
(24,019)
(24,019)
-
(24,019)
-
-
-
(24,019)
-
(24,019)
40,414 -
64,433 -
64,433 -
(24,019)
-		 -
-
(24,019) -



788
800
1,588
9,609
(8,021)
17,221
(24,019)
(24,019)
-
(24,019)

Page: 13