Company registration number.. 01218639 Charity registration number.. 267781 BRIDPORT AND WEST DORSET SPORTS TRUST LTD (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Chartered Accountants BRIDPORT AND WEST DORSET SPORTS TRUST LTD CONTENTS Reference and Administrative Details Trustees, Report 2109 Independent Auditors, Report 10t012 Slalemenl of Financial Activities 13 Balance Sheet 14 ststement of Cash Flows 15 Notes to the Financial Statements 161028 BRIDPORT AND WEST DORSET SPORTS TRUST LTD REFERENCE AND ADMINISTRATIVE DETAILS Charity Registration Number 267781 Company Rogistration Number 01218639 Principal Office Brewery Fields Bridport Dorset DT6 5LN Trustee$ Mr Alec Bailey, Treasurer Mr Malcolm Heaver, Chairman Mr Nicholas Thornley Mr Frederick Fowler Ms Zoe Miles (resigned 10 October 20231 Mr Philip Summerton Ms Deborah Fox Ms Caroline Saunders Mr David Morley (resigned 27 April 20231 Mr Nicholas Johnson Mr Jason Vaughan lappoinled 23 September 20241 Solicitors Portèr Dodson 21 South Street Bridport Dorset DT6 3NR Auditor Edwards & Keeping Unity Chambers 34 High East Street Dorchesler Dorsel DT1 1HA BRIDPORT AND WEST DORSET SPORTS TRUST LTD TRUSTEES. REPORT The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements and auditors, report of the charitable company for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in notes lo the accounts and comply with the Charity's governing document, the Charities Act 2011 and Accounting and Reporting by Charities." Slalemenl of Recommended Practice lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. Oblectlves and activities Objects and aims The Charity's objects are.. To provide, or assist in the provision of, facilities for the benefit of the inhabilanls of West Dorset 8nd the surrounding area for recreation or other leisure lime occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large, in the interests of social welfare and with the object of improving their condition of life and their mental and physical wellbeing, andlor To promote community participation in healthy recreational aclivilies., andlor To carry out such other charitable objects consislenl with the above, which the Trustees, in their absolute discretion, determine. In furtherance of these objects. the Charity has power to do anything which is calculated to further its object Isl or 1$ ¢onducive or incidental lo doing so. In particular, the Charity has power". To provide. or assist in the provision of, recreational facilities". To provide a wide range of recreational activities to encourage all sections of the looal community to participate In recreational activities and promote mental and physical health., To raise funds. In doing $0, the Charity musl not undertake any tsxable permanent trading activity and musl comply with any relevant statutory regulations., To buy, lake on lease or in exchange, hire or otherwise acquire any property and lo maintain and equip it for use.. To constiucl, maintain and aller any buildings, erections or works for the furtherance of the Objecllsl of the Charity., To sell. lease or olhetwise dispose of all or any part of the propety belonging to the Charity. In exercising this power, the Charity must comply, as appropriate. with Sections 117 and 122 of the Charities Act 2011., To borrow money and to charge the whole or any part of the propety belonging to the Charity as security for repayment of the money borrowed or as security for a grant or the discharge of an obligation. The Charity musl comply, as appropriate, with Section$ 124-126 of the Charities Act 2011 if it wishes lo mortgage land., BRIDPORT AND WEST DORSET SPORTS TRUST LTD TRUSTEES, REPORT To co-operate with other charities, voluntary bodies, educational and statutory authorities and to exchange information and advice with them., To establish or support any charitablè trusts, associations or institutions formed for any of the charitable purposes included in the Objeel$'. To acquire, merge with or lo enter into any partnership or joint venture arrangement with any other Charity., To sel aside income as a reserve against future expenditure bul only in accordance with a written policy about reserves., To employ and remunerate such staff as are necessary for carrying out the work of the Charity, The Charity may employ or remunerate a Trustee only to the extent it is permitted lo do so by Article 6 and provided il complies with the conditions in that Article., To". > Deposit or invest funds,. > Employ a professional fund manager,. and > Arrange for the investments or other property of the Charity lo be held in the name of the investment manager or equivalent., In the same manner and subject lo the same conditions as the Trustees of a trust are permillèd to do by the Trustee Act 2000. To provide indemnity insurance for the Trustees, in accordance with, and subject lo, the conditions in Section 189 of the Charities Act 2011. To pay out of the funds of the Charity the costs of forming and registering the Charity both as company anol as a Charity. The Charity aims to provide the inhabilanls and visitors of West Dorset with an accessible, affordable and community focused facility offering a diverse range of exciting and up-to-dale activities. Public benefit The Iruslees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regarol to the public benefit guidance published by the Charity Commission for England and Wale$. Achlevements and performance The Iruslees forecast that expenditure would once again significantly increase due lo the escalating operating costs associated with operating a Leisure Centre. To balance these increased operating costs, the trustees have budgeted an increase in income lo offset the rising expenditure. Income has increased by £293,385 in this financial year, £1,429,463 in 2023124 compared lo £1,136,078 in 2022123. The increased revenue Can be allribuled lo Memberships, which has increased by £208,797. Courses & Activities, which has increased by £55.957 and the Swimming Pool, which has increased by £30,315 compared lo 2022123. The Centre reports an increase of 9.682 in footfall, with 142,999 visits recorded in 2023124 compared 10 133,317 in 2022123. BRIDPORT AND WEST DORSET SPORTS TRUST LTD TRUSTEES, REPORT Headline usage ststistics that support the figures above are". Swimming Pool visits linc.Classes & Swim School) +2,922 2023124 - 53,863.. 2022123 = 50,941 Group Exercise classes +6.624 2023124 - 39,598.. 2022123 = 32,974 Fitness Suite visits decreased by -2.874 2023124 - 32,490.. 2022123 = 35,364 Overall, the Cenlre's usage continues lo rise, and il is hoped that over the next 12 months - statistics will continue to rise in line with forecast financial increases. Over the next 12 months, the Centre will continue lo monitor industry trends and look to implement new and exciting initiatives. This will in turn continue lo offer a diverse schedule of activities that will increase the over811 Centre foottall. Centre Membership continues to grow in line with projections. In March 2024, the Company closed with 1,683 paying members (excluding Pay as you gol compared to 1,554 in March 2023 an increase of 129. The Centre continues lo review ils membership offer in order to meet the demands of ils users. Children's activities members closed on 827, an increase of 191. This increase can largely be allribuled lo the growth of Bridport Swim School, and it is hoped that this figure continues 10 9row over the next 12 months. Following the renewal of the Centre's main eleetrieity contract in October, there has been an expected increase lo the Centre's utility bills. Following the advice of its trusted energy broker, the Centre has not locked into a long-lerm contract and continues to review the market monthly. Should the market stsbilise. a new strategy will be adopted. To minimise the effect of the increased energy costs, the Centre has implemented the following energy saving measures.. Installed an additional 189 solar panels on the main and pavilion roof. The pavilion array directly feeds the pavilion energy consumption. Continued lo upgrade to LED throughout the Centre inc. the Dryside Corridor In the next 12 months, the following energy saving project$ are scheduled lo take plaee." 1. Refurbishment of the Welside Boilers, 2. Upgrade of the Dryside Changing room lighting to LED, 3. Upgrade of the Pavilion main room lighting lo LED, 4. Upgrade external floodlights to LED. The refurbishment of the welside boilers will be costly, therefore grants or other fi'nancing methods will be researched. Actual income against budget was over by 12.40/0. with memberships performing strongly. Expenditure was 100kn over budget, with the overspend attributed to the continued increased running costs. A satisfied customer and positive experiences remain key in the succes5 of the Leisure Centre against its objectives, as members continue to engage with the Centre and recommend us to friends. family and associates. A diverse and driven workforce with 8 particular focus on customer service is something that sets the Leisure Centre apart from its competitors. It is forecast that the energy market will continue lo rise, and alongside rises to the living wage- will require Centre Management to closely control expenditure against income. A commilled and dedicated team of Staff and Trustees. continue to provide an a11-ac￿ssIble facility for the people of Bridport and ils surrounding areas. BRIDPORT AND WEST DORSET SPORTS TRUST LTD TRUSTEES, REPORT It remains synonymous within the charity, that st8ff are encouraged to upskill and elevate themselves within the Cenlre's own hierarchal ladder or at other facilities within the industry. This is something of which the Trust is rightly very proud and fully supports where inleinal promotion is not always possible. In terms of continued improvement, the Centre and ils Staff remain commilled lo improve the customer experience - something that is very much our unique selling point. Capital Development In the last 12 months, the Trust has undertaken the following eapilal projects.. 1. Front Auto Door - the old auto door failed and was unable lo be automatically opened Iclosed. Therefore, a replacement door was sourced. The Centre Manager obtained a 50¢A contribution from C.G Fry & Sons for the work. 2. Dryside Plant Replacement - the gas fired Hamworthy cylinder in the dryside plant room failed and several of the pipes developed pinhole leaks. Therefore. a refil of a more efficient system look place. 3. CCTV Upgrade - The existing CCTV was no longer fil for purpose due to the age of the equipment and the modernisation of technology. Several changes have also been made lo the layout of the building since initial installation so several key areas werè not covered. A payment plan was ag￿ed with the installers lo spread the cost of the project. Financial review As predicted, income significantly increased in comparison to the previous year and also against budget 1+12.4'/ol. In hand with this increase, the expenditure also increased in comparison lo the previous year and against budgel1+100/01. The increase to income against budgeted amounts can be attributed lo the following.. Memberships,. +£96.682.73 against budget Swimming Pool,. +£16,656.14 against budget Alongside the increase lo income, expenditure has also increased against budget. This can be allributed to the following.. staff- Wages & Salaries,. +£29,136.54 against budget Light & Heal,. +£11,069.13 against budget Service Agreements., +£16,988.40 against budget With expected increases to the operating costs over the next 12 months, il is essential that the Senior Management ¢onlinue lo drive income to exceed budget whilst controlling the expenditure. The greatest opportunity for the Centre to significantly increase its income is to grow membership numbers and yield, alongside the children's activities numbers. Over the next 12 months. it is hoped that the membership base will row lo 1,738 with a yield of £33.50. BRIDPORT AND WEST DORSET SPORTS TRUST LTD TRUSTEES. REPORT B&WDST continues lo receive a management fee from Dorset Council for the services that it provides as part of WDDC 1992 agreement and remains appreciative of their support. The Charity continues to recogni$e that.. The dryside element of the Charity's operation, cross -subsidises (to an exlenll the swimming pool especially al a time when utility costs are rising. Without a management fee or extensive capital investment lo Create further opportunities for increased revenue, the Charity will not be able lo sustain ils operation as il currently stands. The ongoing collaboration be￿een the Trust and Dorset Council enables the Leisure Centre lo continue to deliver accessible sporting, health and wellbeing activities lo Bridport and its surrounding areas on the Councils behalf. Thank You's, in addition to Dorsel Council. the Trust would like to extend their thanks lo the following- 1. Bridport Town Council for continuing to provide a grant to the Trust 2. The Palmer family for their continued generosity over the last 47 years. Following the transfer of weekend operations of the Rugby pavilion lo the Rugby club, this continues to be a mutually beneficial arrangement for all. Policy on rgsgrvès The Centre is unique in Comparison to other local authority siles who receive management fees, as (( owns the building and assets and therefore is directly accountable for all repairs. The Charity continues lo be uncertain of the long-term sustainability of local authority management fee, and along with recommendations within the Savill's report., financial reserves need to be built in order to fund possible emergency repairs and any other unexpected expenditure. Investment policy and objgctiTves Under the Memorandum and Articles of Association, the Charity has the power lo invest in any way the Trustees wish. The Trustees. having regard to the liquidity requirements of operating the Sports Trust anc5 to the reserves policy. keep any available funds in an interest bearing deposit account. Plans for future periods Aims and key obj9Ctivgs for future periods It is essential that the Trust remains the central hub for the provision of sport and leisure activities within the community for many years to come. This objective becomes more challenging with increased operating costs and the emergence of local compelilors. The Trust now has a much clearer strategic view of the business direction and 1$ now focusing on being more Pfoactive than reactive. There continue$ lo remain a going concern against the ageing fabric of the building, and il is the Trust's goal lo obtain finance lo carry out larger works through streams such as.. the management fee, capital injection, reserve funds, grant applications and potential S108 monies. BRIDPORT AND WEST DORSET SPORTS TRUST LTD TRUSTEES. REPORT A core objective of the Trust and Centre is.. To provide or assist in the provision of f8cilities for the benefit ol the inhabitants of Bridporl and the surrounding area for recreation or othèr leisure lime occupation of individuals in the interests of mental and physic81 wellbeing.. Therefore, eonlinued user engagement is essential to develop and improve all elements of the operation. The Trust has an excellent track record for developing its facilities and has grown impressively in terms ol facility provision since ils inception in 1975. 11 is a goal of the Trust to continue thi5 objective and continue lo develop a desirable facility for ils users and potential new members. As part of its improved strategic direction, there is now clearer capital projects in the pipeline. Over the next 12 months, the following is scheduled lo take place.. 1. Refurbishment of the Wetside Boilers, 2. Upgrade of the Dryside Changing room lighting lo LED, 3. Upgrade of the Pavilion main room lighting lo LED, 4. Upgrade external floodlight lo LED. Structure, governance and management Nature of governing document Bridport & Wesl Dorset Sports Trust Limited is a company limited by guarantee governed by its Memorandum and Articles of Association dated 4th April 1975 and updated in 2018. The number of Members is limited lo ten, but the Council of Management may from lime lo time register an increase in Membèrs to a maximum of thirteen. The Trust Is a registered Charity with the Charity Commission. Rg¢ruitment and appointment of trustees The Chairman of the Company is elected by the Trustees. One third of the elected Trustees retire in rotation at the Annual General Meeting IAGMI according to seniority. Induction and training of trustees New Trustees are given an induction and a copy of the Charity Commission handbook, Responsibilities of the Charity Trustees, lo brief them on their legal obligations under Charity and company law, the conlenl of the Memorandum and Articles of Association, the committeelsl and decision making process, the Strategic Plan. Performance Review summary, the Business Plan and recent financial performance of the Charity. During the induction, Trustees meet key senior Staff. including the Centre Manager, Finance Manager and HR Manager and other fellow Trustees. Organisatlonal structure The business of the Charity is managed and administered by the Management Committee, which meets on a monthly basi$. There are also other working groups covering.. Business Strategy. HR & Payroll. Energy and Environmental Issues which meet on an ad-hoc basis. The Centre Manager is appointed by the Trust lo manage the day-to-day operation of the Charity. To facilitate effective operation, the Centre Manager has delegated authority by the Trust, for operational mallers including finance, employment and sports performance-relaled activity. BRIDPORT AND WEST DORSET SPORTS TRUST LTD TRUSTEES, REPORT Relationships with related parties Both Dorsel Council's management fee and Bridport Town Council's annual grant provide essential financial assistance in support of the Trust lo deliver a cost effective program of sports lor local residents and visitors lo Wesl Dorsel. The Charity has close links with a diverse range of Clubs, Schools. User groups including (but not limited tol., Bridport Barracudas Swimming Club Bridport Rugby Club Bridport Squash Club Stepping Outtrhe Living Tree Dorsel Clinical Commissioning GrouplNHSIAmmonite Health Partnership Local Primary Schools . Wesl Dorset Swim Club Stepping Out Active Dorseu Live Vvell Dorset The Centre considers itself to be far more than a Leisure Cenlre, il considers itself a central community hub for the residents of Bridport and its surrounding villages who not only have the opportunity lo exercise, bul lo forge life long friendships. Major risks and management of those rlsks The Charity is currently susceptible lo several major risks due lo a number of aforementioned potential situations.. Dorset Council Management F99 The Council has engaged the service of MAX associates lo conduct an analysis of leisure spaces throughout the County. It has been previously indicated that Dorset Council has a desire to reduce ils annual Management Fee IcurrenUy £197kl. Whilst it is believed that there is no imminent threat - il continues to remain a cause for concern. 11 is evident from both this and the Savill's report that a continued Management Fee or a Capital injection is required lo continue lo operate the Centre as il is currently. There is no desire from the Trust lo close the pool, and this remains a worsl-case scenario very much, however without either ol the above - it is simply not sustainable. Financial Resetves There is a real concern that with an ageing building, there is a need for an adequate finaneial reserve in case of unseheduled repairs and replacement of plant and equipment within the Cenlre. While the Trust has now entered its recovery phase, il does not havè sufficient reserves to handle any large-scale breakdowns. To give an indication ol scale and using the Savill's report has led lo the conclusion that capital investment of £2 million (excluding VATI, is needed for the coming years. The Centre has several Service Level Agreements in place to minimise the likelihood of unforeseen equipment breakdown. Energy Costs The increased energy costs have been well publicised throughout this report. 11 is important that over the next 12 months, and months following the Centre Management al control expenditure within this overhead and bl continue lo investigate energy efficient schemes that will rèduce energy consumption. BRIDPORT AND WEST DORSET SPORTS TRUST LTD TRUSTEES. REPORT Statement of Trustees. Responslbllltles The trustees Iwho are also the directors of Bridport and Wesl Dorsel Sports Trust Ltd for the purposes of company lawl are responsible for preparing the IrLJStees' report and the financial slalemenls in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. Company law requires the trustees lo prepare financial statements for each financial year. Under company law the Iruslees must not approve the financial statements unless they are satisfied that they give a true and fair view of the slate of affairs of the charitable company and of ils incoming resources and application ol resources, including ils income and expenditure, for that period. In preparing these financial slalemenls. the trustees are required lo.. select suitable accounting policies and apply them consistently., observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudènt.. stste whether applicable UK Accounting Stsndards have been followed, Subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at 8ny lime thè financial position of the charitable company and enable them lo ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure of information to auditor Each Iruslee has taken steps that they ought to have taken as a trustee in order to make themselves aware of any relevant audit information and lo estsblish that the charity's auditor is aware of that information. The Iruslees confirm that there is no relevant information that they know of and of which they know the auditor is unaware. Small companies provision statement This report has been prepared in accordance with the small Companies regime under the Companies Act 2006. The annual report was approved by the Iruslees of the charity on *. .i.i_.L4 behalf by.. and signed on ils Mr Alec Bailey Trustee BRIDPORT AND WEST DORSET SPORTS TRUST LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRIDPORT AND WEST DORSET SPORTS TRUST LTD Opinion Wè have audited the financial slalemenls of Bridport and Wesl Dorsel Sports Trust Ltd Ilhe charitable company) for the year ended 31 March 2024, which comprise the Slalemenl of Financial Activities, Balance Sheet, Slalemenl of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financi21 reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republie of Ireland, Iunited Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the slate of the charitable company's affairs as al 31 March 2024 and of its incoming resources and application of resources, including ils income and expenditure. for the year then ended., have been property prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for opinion We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilitiès under those standards are further described in the Auditor'5 responsibilities for the audit of the financial statements section of our report. We are independent of the charitable charity in accordance with the ethical requirements that are relevant lo our audit of the financial slalemenls in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate lo provide a basis for our opinion. Concluslons relatlng to going concorn In auditing the financial sl8temenls, we have concluded that the Iruslees, use of going concern basis of accounting in the preparation of the financial stslemenls is appropriate. Based on the work we have performed, we have not identified any materi81 uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability lo continue as a going con￿rn for a period ol al least twelve months from when the financial statements are aulhorised for issue. Other informatlon The other information comprises the information included in the trustees annual report, other than the financial statements and our auditor's report Ihereon. The Iruslees are responsible for the other information contained within the annual report. Our opinion on the financial slalemenls does not cover the other information and, except to the exlenl otherwise explicitly staled in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, con$ider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misslaled. If we identify such material inconsistencies or apparent material misstatements, we are required lo determine whether this gives rise lo a material misstatement in the financial slalements themselves. If. based on the work we have performed. we conclude that there is a material misstalemenl of this other information, we are required lo report that fact. We have nothing to report in this regard. Opinion on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the informats'on given in the Trustees. Report (incorporating the directors, reportl for the financial year for which the financial slalements are prepared is consislenl with the financial ststemenls.. and the Trustees, Report has been prepared in accordan¢e with applicable legal requirements. 10- BRIDPORT AND WEST DORSET SPORTS TRUST LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRIDPORT AND WEST DORSET SPORTS TRUST LTD We assèssed the susceptibility of the charitable company's financial statements lo material misslatemenl, including obtaining an understanding of how fraud might occur, by.. 'making enquiries of management as lo where they considered there was susceptibility lo fraud, their knowledge of actU81, suspected and alleged fraud", •considering the internal controls in place lo miligale risks of fraud and non-complian￿ with laws and regulations., and To address the risk of fraud through management bias and override of controls, we.. performed analytical protsdures to identify any unusual or unexpected relationships., lesled journal entries to identify unusual transactions and investigated the rationale behind significant or unusual Iran5aclions In response lo the risk of irregularities and non4ompli8nce with laws and regulations, we designed procedures which included, bul were not limited lo.. agreeing financial 51alemenl di$closure5 to underlying supporting documenlalion., reading the minutes of meetings of those charged with governance., enquiring of management as to actual and potential litigation and claims", Because of the Inherent limitations of an audit, there is a risk that we will not delect all irregularities, including those leading lo a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial st8lements, as we will be less likely lo become aware if the instances of non-compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error. as fraud involves intentional ooncealmenl, forgery collusion, omission or misrepresenlalion. A further description of our responsibilities for the audit of the fi'nancial slalemenls is located on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibililies. This description forms part of our auditorfs report. We communicate with those charged with governance regarding, among other matters, the planned scope and liming of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Use of our report This report Is made solely lo the charitable company's trustees , as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might stale lo the charitable company's members those mallers we are required to slate lo them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charitable company's members as a body, for our audit work, for this report. or for the opinions we have formed. gh FCA DChA Isenior Stalulory Auditor) For and on behalf of Edwards & Keeping, Slalulory Auditor Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA 12- BRIDPORT AND WEST DORSET SPORTS TRUST LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRIDPORT AND WEST DORSET SPORTS TRUST LTD Matters on which we are requlred to report by exception In the light of our knowledge and understanding of the company and ils environment obtained in the course ol the audit, we have not identified material misstalemenls in the Trustèes. Report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us lo report lo you if, in our opinion". adèquate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us, or the financial slalements are not in agreement with the accounting records and returns., or certain disclosures of trustees remuneration specified by law are not made., or we have not received all the information and explanations we require for our audil,or the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and tske advantage of the small companies, exemption from the requirement to prepare a strategic report. Responsibilities of trustees As explained more fully in the Statement of Trustees. Responsibilities Iset out on page 91, the Iruslees (who are also directors of the charitable eompany for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial slalements that are free from material misslalement. whether due to fraud or error. In preparing the financial slatemenls, the trustees are responsible for assessing the charitable company's ability to continue as a going concern. disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to 5iquidale the charitable company or lo cease operations, or have no realistic alternative bul to do so. Auditor's respon$ibilities for the audit of th9 financial statements Our objectives are lo obtsin reasonable assurance about whether the financial ststemenls as a whole are free from material misslalemenl, whether due to fraud or error, and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit cgnducted in accordance with ISAS IUKI will always detect a material misslalemenl when il exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial slalements. Irregularities, including fraud, are instsnces of non