Company registration numbgr. 01218639 Chaiity regi8tration numbgr.. 287781 BRIDPORT AND WEST DORSET SPORTS TRUST LTD (A COMPANY LIMITED BY GUARANTEE) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Chartered Actountanls
BRIDPORT AND WEST DORSET SPORTS TRUST LTD CONTENTS Referènce and AdminlstratNe Detai18 Truslee$' Report 2105 Independ8nt Auditors, Rewt 6t09 Stslem8nt of Flnancial Activrtl8S 10 B8lanGe Sh8et Ststement of Cash Fkw 12 Notes to th8 Finan(yal Statements 13to25
BRIDPORT AND WEST DORSET SPORTS TRUST LTD REFERENCE AND ADMINISTRATIVE DETAILS Chalmian Mr Frad8rKk Folthr Vlce Ghair Ms Deborah Foy Trusts IAr hjec Baky. (freasurw) Kqr Nichc4as ThnleY Mr Ph5p Summerton Ms Caroline Saunders Mr jaSC Vaughan Mr Nichclas Johnson Senlor Management WITh Thrower, Centre Manager Salty Bragg, HR & Salariès Manager Rachd Figu8ira. Finarth Managgr R•gr$tgrnd Office Bridport Lei8ure Centre Brth¥ery Fields Bri*ort Dorset DT6 5LN Charfty Ro918tratlon Nurnbor 267781 Company R•glstrallon Nwnbor 01218639 Auditvr Etywards and KeÈping knmrted Unty Chambers 34 High East Street Dorchester Dorset DT1 1HA Sollcltors Dod 21 South Street Bridport Dorsel DT6 3NR Bank•nJ Lloyd$ Bank 27 Fore Street Chard Somerset TA20 IPS
BRIDPORT AND WEST DORSET SPORTS TRUST LTD TRUSTEES. REPORT Tha trustees. who are directors for the purpDs8s ol company law. prpsent tha annual report together wlth the Inan¢i81 statements and auditm, wort ofthè ¢h8ritabl8 comparry for the year endÈd 31 March 2025. Th8 fin8nual statements have been prepared in aW)[dan vAth the aw)untiwJ polld8s 98t out in nol88 to the accounts and comply Yhth th8 Charity8 wveming documant. the Cttarities Act and Accounting and Reporting by Charities." Statement of Recomm8nded Prarti¢e to charitles preparing their accounts In accordanca Finantial Reportiro Slandard applICab in the UK and Republic of Ireland published in Odober 2019. Objoctlvos and A¢tlvltles Charltsble PuTPOS8S: As set out in our govgming (locument. the chartys purpose 15 to promote community participation hethY rocreati by providiTrJ faleS for wrts, ftbss. and leisure fadlthes and activbties for the re8idents and visitors of Bridport and its SuOnding area5. m$ and ObJectiv$$ for 2024126: . Enhance acce88 to affordable sports and fitne8S pr(yJrammes for all age groups. • Maintain arKI improve the quallty of lTreS at BrKlport Leisure Centre. . IrKTrase community 9ngagement through targetwj ¢xtreach. particularty for under-represented groups. Actlvrti•# and Strategiss The charity conlTnued to dellver a wide range of a1be$. indudiro sTrhimming le880ns. fftness Blas80S, home facilities several IOCAI dubs and cmUnIty events. Th8 charty has become a Hyrcjx affiliated Efte (Juty '24). this ha$ been a welcome addition and has been very popular. It has also added pre-Bchoc4 gymnastics to Its timetable. The ch8rity invested Q5,000 to upgrade the wfttsidè bcAlers, vthich 11 redLKe energy consumption a¢ro88 the year. The charty attended several kjcal communty wtreath ovents and enyagad th local medlc81 practices to deliver initi'atives lo 'at risk, woupy induding exero#8e referral and thronic pain management. We have also invested in up3killng a L2 fthe88 instructor lo L3 to meet demand. Fundraislng dlsclosures The charlty conducts limited ))Jndraising, primarity through community evgnts. We comply vAth thè FLmdraisSng Regul8torfs Code of Fundraising Prathce, received no com aints. and ensure vuknerable IndMduals are protected through dear policiey. N¢ professh)nal fvndraisers or commer(xal parbcipalors wér8 angaged. Publk benefft The tru8te8s confim that Ihey have ryymplied wilh tbe requirements of section 17 of the Charlll6s Act 2011 to have éue regard lo the publlc benefft gimdance PUtshed by the Charity Commissk)n for Eng18fKI and Wale Our programmes are accessÈbl8 to 1. with subsidi8ed rates for IDI1me resident8 a$9 for certain cy)mmunty group8, Ènsurirrfj broad (yJmmunty benef As Thjted, our xtwities are desgned to maximize put4ic benefft, vith a fo5 on waSslI7ty and in¢lusion.
BRIDPORT AND WEST DORSET SPORTS TRUST LTD TRUSTEES, REPORT Achlavgments and pèrIoMne8 In 2024125, Bridport Leisure Centre rerxxded 145.080 Mslks. 8 1.5% increas8 on the prfrvlous year. Key achievements inciud8'. Minimal of the Membership base. +20 for the year (open.. 1683. close: 1703). However, the mernber8hip eld wa8 1.95 on target {actud.' £35.45. targeL. £33.50) . Conb'nu8d lo delrver HAF fiinded Spaces on our MA¢tmty Holiday Camps, wlth c¢thpanry in exc988 of eo%- genèrating an addib"on81 £6,060. performan against targets.. . Achieved a 1,5% grovrth an Centre visils hbEVer, the target was 15% 80 th18 will need to b8 monitored throughout the next year. • Swm School 3ubscription8 decreased by 1.76% {9 in tot} however, the yield per m¢mter was +£1.68 on target Overall - chiklrgn's actNtbes continue to perfomi well finandalty against targ&t. Challeng&s Indude the volatility of energy mafket aNI escalating ojsls of operating the fadllty. Thg Cgntre has been fortunate that tt ha$ not &xp&ienced any unforeseen issu95 that effected its operation. Th8 charity's acbvibes promoted phy%cal health. SOLyal IndLtsion, and community Gthe$im, with te8tlrnonials highliyhling Improv&1 mental vrtlktreing amory partspants. Finan¢lal r•vloW The charlty's lotsl income for 2024r25 was £1.549,924 th an expendrture of £1.542,905 reSung in surplus of £7,018. Prinupal income Sou3 induded membwshp fees (£681.7011. cour¥e$ & activities {£313,905), swmming pool {£144.0361). and the management fee1£197,7701. Expendibjre supported key objs(*"v¢s, V1h rougNy 70% alctsted to 8laffiNJ and operating CDSts. Poll¢y on rns•rves The chadty aim is to hold in reserve the equNalent of 15% of income. a challenging &years following the pandemiG its financial re8wvèÈ ar8 continuing to gr(M. Any exce98 reserves wll be alocated trj fLrture lacilty upgrade5. Investmtpo1Y and objectives Due to reduced interest rates in nomial bankirvJ f8¢ilrtiès. the Twst has r¥ inst¢d hlgher rates of Int¢$1 in low risk fixed tÈmi sawrKJ accourrts.
BRIDPORT AND WEST DORSET SPOR"rs TRUST LTD TRUSTEES. REPORT Plans for futurn pèriod$ In 2025126. the tharity aims to: Incwse bts Membothip ba68 by 5%. . Invest £25,000 lo create traatment space. that providg a new to the facility and provKie an additional income stream. . Fcrgg ngw partnerships wth local bu5ines8Ès aThJ link to thèir employges memberships. . Investigate the feasibillty of Install& 2 jtd00r padel courts on site. These plans are infomied by the SUesS of Currant Programmes and feedback from stakeholders, wrth re8ourc8s and potential fundin9 avenues investigatsd to ensuto financ1 sustainability. stru¢turg9 goveman¢9 and managem•nt Naturo of govgmlng doeument Bridport & W$st Dorset Sports Trust knmited is a ¢haiilatle o)mpany Im((ed by guarantee, govemed by its Memorandum and Artl¢les of Associalion, ired on 7th July 1975 and last aménded in 2018. Th8 charity owns and oparates Bridw)rt LSre Centre, prOvlIng a¢c8ssible spotts and recreation81 faalÈbes to th& local oxjmrnunty. The Board of Truste¢s. comprf3iry of up to ten membets, oversees the ¢hari$ strategy and goveman¢e. Day-tO&day operation$ are ddeg8t¢d to the Centre Manager and their Senior Mana9emenl Team. Tru8tee$ are recruitod through open adverb8emenl and k)eAI nelworks. With appointrnenl8 approved by the Board followng interyiews asseysing SlIS and alignment with the ch8rWs mission. Naw trustees und8rgo induction. including training on charity law and yovemance, facifrt*éd by the Charity Commissi¢M'S soUrceS and intema workshops. The rgmuneration of key management personnel is Set ba9ed on benthmarking agalnsl Bimilar-slzed charities in the leisure 8ertOf, with annual reviews by th¢ Finance & Salaries Sukpcommittee to ensurg fairness and suslsinalylty. The charity operatè¥ indèpendenty but collaborate8 Wth thal organisations, such as Dor8et Couwil, Br1drrt Town Coun(41 and local Clubs and School8, to deliver communty prDgrammes. Al41or rlsks andmanagement of those iysks Key risks include rising energy costs and potentia reductions In gTani fvnding. These are manag8d through ener9y0ffieDt upgrades ar diversffied uiccrfne stroams. Relationshlps wlth rolated partles None to repo
BRIDPORT AND WEST DORSET SPORTS TRUST LTD TRUSTEES. REPORT Statomgnt of Trust9. R¢spon$lbflJ98 The tru$teÉs (who ere also thè directors of Bridport and Wèst DoT8èt Sports Tryt Ltd for the purposes tsf Company law) are responsible for preparirrfJ the trustees, rewt and the financAal statements in accordance with applicable law and United lfjngdom Aco)unting Standards (United Kingdom General Ac¢eptsd Accountlng Practlcel. induding FRS 102 The Finawal Reporting Stsndard appll¢able in tho UK and Republic of Irdan¢r. Cornpany law requires the trustees to prepare financlal stalemenls for oach ffinanclal year. UniJgr company law the trustaes must not approve the finan statements unless they are satisfied thal they glve a true and fair view ¢)f the state of affairs ot the tharitable company and of thg incomit¥J resources and ¥pllcallon of r¢sources. induding its income and expenditure, of the charitable company for that pwiod. In preparing these financial staternents, the trustees are required to: S8lect suitable accounting policies and aOy them nlsteny.' observe the methods and prrncipEes in th& Chanties SORP.. makeludgemÈnts and estimatès that arè rt8son8blÈ and prndart", st8te whéther applicable acccMJnting standards, compring FRS 102 have been followed. subject to any material departures disclosed and explained in the finandal statements,. aml prepare the financial statements on the wng corwn basis unk88 it is inappropriat8 to presum8 that the charitable company will continue in business. The trustees are responsible lor keeping proper aca))untir¥J rerdS that can d18dose vAih rnasonabl accuracy al any time the finanry ptsstbon of ltr ¢harbtsUe company enabje them to ensure that the finandal 8latemÉnt8 com5Y vAth the Companigs A¢X 20C6. They are also responsible for safeguarding the a88ets of th8 charitabla company and hen&* for tsking reasonable steps for the prevention and detection of fraud and other irregularloes. DIBclo8L5rn of inf0mlaOn to audltor t8tse h85 taken steps that they ought to have laken as a tru3tee in order to make theMsee8 aware of any rdevant audit inf0mtIOn and to e$lalsh that the charty's auditor is awar0 of that Infomiation. The trustees confirm that there [5 relevart infom)8b"on that Ih¢y know ot and of vthich they know the auditor is unaware. Small companies provision ststement Thls rep)rt has been prepared in aco)rdanee th the small o)mpanies regime undor the Companies AGt 2006. The annual report was approved by the trustees of the tharity on Mr Frederlck FovAer Chairman
BRIDPORT AND WEST DORSET SPORTS TRUST LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRIDPORT AND WEST DORSET SPORTS TRUST LTD Oplnlon We have audited tho flnancial ststgments of Brfdport and Wesl Oorsel Sports Twst Ltd (the charitsble eompanyl for the year gnded 31 March 2025. k%thlch o)mpn"s8 the Statement of Finl91 Activlties, Balance Sheet, St8t8menl of Cosh Flow3. and Notes to the Finarrial Stslements, induding a summary of slgnfficant a¢Unting polides. The financAal rewting framework that has been aprAièd in thèir preparats.on is appIlble kn and United Kingdom Accounling Standards. including Financial Reporting standard 102 'The Financial R6poTting Stsndard appli¢able in the UK and Republ1¢ of Ireland, {United Klngdom Ganerally Acttpted Accounting Practice). In our opinion the financial 3tatem8nts'. give a thue and fair view of the state of th& ¢haritable u)MpanS affairs as at 31 March 2025 and of its Incoming resourcAs and application of r•80urces. ind1ng rts income and expenditw8, for the year then énded- have been properly prepared in accordance wrth United lfjngdDm Generally Acceptgd Accounting PraGtice', and have been preparod in accordanc with the wulrements ol CoTnpanles Act 20&8. Basis for oplnion Wè condu(ed our audit in accordane8 Intetnalkjrral Standards on Audiung {UK) (ISA8 {UK)l and applicable law. Our responsibl1eS under those standards are ftwther described in the Auditor's responsibilities ICK the audit of thè finanrAal stements section of our report. We are independent of the charitsble charity in 0rdanCe with the th"(¥l requirements that are revant to our audit of the finan¢lal slatamenty th the UK, indLJing the FRC'S Ethical Standard, arKI we have fuifill8d our othor ethical responsibilities in a¢¢ordance with these Tequiremwts. We belièv& that the audit evtdence wa have obtained is sufficient and appropriate to prowdè a basis for our opiruon. Conclusions relating to golng ¢oncom In auditing thè narjaI stalÉmenls. we have con(kn that the trustees, use ¢f going ¢oncern b8818 of 8c¢ounling in the preparati¢n of the financial statements is apwopriate. Based on the rk we have perfomied, have not Identifi any merial uncertainties relating to events or condillons thaL indiwdually or coll8ctivdy, may cast significant doubt on the chari19blo compan$ ability to continue as a gtyng CcerN for a period of 8t loast hvelve months from when the finanal ststements a 8Uthofised for issue. Oth•r Information The other information cornprige8 the infomiation Ind kn the trustees annual rewrt, ¢)ther than the financial ststemenls and our auditorf$ report therÈon. The trustees are reyponsible for the othar infomiation contained wthin the annual reporL Our wnion on the finan1 statements does not cover the other information and, cept lo the extent othewse ex41llY ststed In our report. we do not expr6ss any form of assurance conclusion Ihergon. Our responsibillty is to read the other information and, in dolTVJ $0. consider whèther the othgr information is materially inconsistent the financlal statemètrts or our knowledge obtainèd in the course of the audit Or otherwi3e appears to materknglty misstated. If we identify 8u¢h material irTrconsistencie5 or apparent materlal misstatement& we arè r4uired to detemiir* whethgr this Ve$ rise to a matsrial misstalemenl in the financial statements themselvgs. If. based on the work we have performèd, we conclude that there is a material misstatement Dfthis other infmation, we are reqLllred to report that fact. We have nothing tts report in this rggard. Opinion on otheT mattoTS prescvlbèd by the ¢omp•nies Act 2008 In our opinion, basgd on the V+Drk dertaken the course of the audtr. the information given in the Trustees, Re {IncwralJng the directors, report) for the flnandal year for which th¢ financial ststements are prepared is conwstenl the financral statemonts.. and the TNStees' Report has been prppared in acts)rdae vlith aprAicAble legal re4uirements.
BRIDPORT AND WEST DORSET SPORTS TrUST LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRIDPORT AND WEST DORSET SPORTS TRUST LTD Mattoys on whlch we arp r•quir•d to r•port by gxceptlon In Ihg light of our knedge and understanding of th8 thaiity and its environment obtained in the course of th8 audit, w8 have not identified rriaterial misstatements in the Trustee5' Report. We have nothing to rwrt in resppGt of th¥ folh)vring matters in reLalion to which Ihe Companles Act 20¢X requires u3 to report to you if. in our opinion= adequate accountiny records have not been kepL Teknms for our audtt not béon reGeived from branthes not visited by us., or the finanTh818tatements are not In agreement with the accounb"rwJ r?r<I$ and retum$.' or certa'n di8dosures of trustees remuneration SFetsfied by law aro not mad9,' or wo have r¢ot [eced al the Infomialion and explatiOnS w8 requlre for our audit,or tho trustees were entimed lo prepa the finana81 statements in accordance with the small compani8s regime and take advartsge of the small cornpanies, exemption from the r•quirèm8nt to prep&e a strateg1¢ réport. Rosponslbllltleg ol trust As explalned more fulty In the Statement of Trustees, Rgspon$ibi51yes {set out on page 61, the trustees (who are dlredors of the charitable company for the purposes of company lawl are responsible for th• preparation of the finan81 statem¢nt$ and for bng satisfied that thèy giva a tre and far wew, and f¢y such internal ntrol as the truslaes deternine i8 necessary to enaNe the preparation of finanrAal statements trat are free from material mi%slatsm8n( vthether due to hud or grror. In preparfng the financial statemepts, Ihe trust are responsible for assess5ng the charltable company'$ abllity to continue as a going concern, th51ft9. as app&cabl&, matters related to going con¢em and using tha going concem basis of accounb.ng UesS the trustees either inlend to liquidate Ihe charTrtable ¢xmpany or lo eeas8 operations, or hav& no realistic altemative but to do so. Audrtor re$pon$lbllltl•s for the audlt of the financial stst•ments Our objectives are to obtain reasonatA8 assuran about whether the finanual statements a$ a whole are free from material misstatement, vthether due to fraud or ¢rror. and to issue an audltorfs raport that indude8 QUI opini¢)n. Rea30nalAe aSsUnCe Is a high 18vd of assurance. but is not a guarantee that an audit conducted in ar(yJrdance with ISAS (UK) Trhill afvMy3 dÈtèet a matèrial misstatement when it exists. Ml8$t8temènts can arise from fraud or emr and are conshlered matsrial rf, individualty or in the aggregate, they could reasonably be expgtsl lo irnluerKe Ihe economic d•cAsions of users taken on the basis of these financAal ststemenls. Irregularitie$. induding fraud, are instsnces of ncfrcomplianco ¥th laws and regdations. We d8sign procedures In Ine with our responsiblthes. 01ned above, to detect material misststements and in respect of Irr8gularities induding traud. The extent to our procedures ale capable detecting Irregularities, including fmud i% detsiled bdtrlr. Our approach to Klenlifying and 8gse8Sirtg tha risks of materia misstatemenl Sn respect of IrregulariUe$, including fraud and non-mpliancÈ laws and reguL3tiws. VRS as follov+S'. the enyag•m8nt director ensured that the erygement team e£Jlloctivety had the appropri8te Competence, capab51ilie8 and skills to identify or recognise nOrmpliance with apble laws a rogulalions,.
BRIDPORT AND WEST DORSET SPORTS TRUST LTD INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BRIDPORT AND WEST DORSET SPORTS TRUST LTD . wg identifieLI lh8 Law5 and reg¢Jation8 applicable to th8 thaiitable company through diU$$I0n$ wlth directors and other man8g8ment, and frun our knowledge and experience of the leisure 8ector'. we focused on ¥pecific laws and regulations wthich considered may have a ¢lrect matetlal 8ff8ct on the finandal statements or the ttp8rations of the cjwitable ujmpany. induding the Companies Act 2006, Charitles Act 2011, data prvtection. emp9YMenI and hè81th and saf¢ty legislatlon. • we assessed thè axtent of compliarKe v•lh Ihe Im and reguialigns l¢Jentif1 above through making enquiries of management 8nd inspecb'ng legal cOrre8pxden.' aNI identified 18ws and reguLations %4wa communicated WTthin tho audit team regularty and the tsam remained alert to instances of noTrcompliance throughout the audil. We asso$$ed the suscèptilylty ofthe Charita18 ccmpany's ffiancial statoments to mat8ri81 misstalom¢nt, including obtaining an understanding of how fraud might o¢¢ur. ty. •making enquiries of management as to ere they ¢31dr&I therè vras SusCepb11ty lo fraud. thair kned9& of aGiual, suspected and alleged fraud". •consld8ring the intern81 contrds in place to mibgate rkS of fraud and nonwmpli8nce wth laws and regulations", and To dresS the risk of fraud through manogemerrt bi89 and override of controls, wg: ' performgd analyb'cal edureS to idenbfy any unusual or un9xted rglationship8.' * t08ted ioum81 gntries to identfy unusual transacticMs and invesligated the ratsanale behind snIfiCant or unusual transaction3 In response to the risk of irregularibes and nOrcoMr41#nce yth la and regulauons, we de51gned prowlures induded. Ixrt were not Iwnited to.. ' agreeing finanaal Statsment disdosures to under1 supporting docajmentation., • Teading the minuies of meeting$ of Ih¢)se charged with governance: . enqulring of m8nag8ment a¥ to and rthbal ITbgalion and daim$", Because of the inherent limitations of an audiL Ihwo is a risk that we will not detect all irregularities, including tho$e leading to a rnateri¥l rnisstatemènt In the ffinancial statements or non-compliance with gulation. The risk inueases thè more Ihat [mlIance ¥Ath a law or reguktion is removed from the events and transactions refiected in the fin8n¢ial statements. as we will be less likely to become aware if the instances of nOTrcomiancfj. The risk is also greater regarding tywularities uIng due lo fraud rather than grror, as fraud in¥ofves intentionAI concealmont, forgery cfAlusion, omission or misrepresentation. A ftjrther description of our r8sponBibilths 1$ avaitable on the Finand81 Reporting Council's web8rte at.. www.frc.org.uklaudit0rsresponsitstse8. Trms desaipknon forn part of our auditor's report. We communicate with those d)3Tg8d wth govemance regarding. among other matter8, the planned scope and liming of the audit and gnIf1¢ant audit finditWJ8, induding any $unfficant d8ficiencie6 in intem81 control that we identify during audiL
BRIDPORT AND WEST DORSET SPORTS TRUST LTD INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF BRIDPORT AND WEST DORSET SPORTS TRUST LTD Use of our r•port This report 18 made soldy lo the charitable companys tru8fra$, as a body. in accordance with Part 4 of the Charktles l Accounts and Reports) Regulattons 21J08. Our audit 4rk has been undertakan so that we might state lo the charity's trustees thE)$8 matters are required lo stale to them in an auditorfs report and for other purpose. To the fvlle5t extent Pgrnittod by law, we do not accept or as8uma responsibllty lo anyone other than the charitablè company and Tt8 trustees as a bc*Jy. for our audlt work, forth18 report, or for the opinions we have fomied. Sara ough FCA DChA {Senlor Statutory Authtor} For and on b$ha of Edwards and Keeplng Limit8d. StatLrtory Auditor Unity CharnbÈrs 34 High East Street Dor¢hesler Dorsel DT1 1HA Dale..
BRIDPORT AND WEST DORSET SPORTS TRUST LTD STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2025 {INCLUDING INCOME AND EXPENDITURE ACCOUNT AND STATEMENT OF TOTAL RECOGNISED GAINS AND LOSSES) Totsi 2025 Total 2024 Unrostrlct Nots In¢om• and Endowmontsfrom: Donation8 and legacles Charitable 8cliMbe5 other trading adivities Inve8tm¢nt income 9.358 1,423.960 49.265 8,106 30,435 28.800 39.793 1,452,760 49,265 8,1( 48,038 1,334,250 42,124 5,051 Totsl Income 1.490.689 59,235 1,549,924 1.429,463 Expenditsr• on: Raising funds Charrtable actNities {32.877} 1,423.38 {32,8771 1.510,029 130,9821 1,425,083 Total expanditure 1,456,242 86.664} 1.542.9Cfj 1.456,045 Net incomel{expendityre) Nel movement in lunds 34.447 27,429 7,D18 26,582 34,447 127.429) 7,016 126,5821 RencIlIatIon of funds Total funds broughl foward Totgl funds caffiod forward 20,786 806,698 827,484 854,066 23 55.233 779.2e9 834.S02 827,484 l of th• charty's activities deriv• from Otinuing operatiM$ during Ihe above tsvo p8ric*ts. The funds breakdown for 2024 shovm in nots 23. 10-
BRIDPORT AND WEST DORSET SPORTS TRUST LTD (REGISTRATION NUMBER: 01218639) BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Nots Flxgd 0889ts Tangiblè assats 13 890,193 983,872 Current ass•ts Stocks Debtor8 Cash al bank ond in harKI 14 15 16 8,403 86.944 152,783 248,130 4,609 55,829 114,194 174,432 crltOr8. Amounts falllng dug wlthln one year Not cutTent assetsl{liabiliti08) Total a¥sBts Ipss current Ilabllltle8 17 239,345) 186,2061 8,785 11,774 898.978 972.098 Cr8dltor5: Amounts falling duo aftfjr morn than ong year 18 144,814 Not a98et8 834,502 827,484 Funds ofthe charity: RtCtsd incomè fund9 Restiicled funds 779,269 808,698 Unrestrlcted in¢om• fund8 Unwslricted fvnds 55,233 20,786 Totsl funds 23 834,502 827.484 Th6s& accounts are Prepared in tsnce with the speu¥J piroyisk)n8 of Part Vll of the Companies Act 1985 relating to 8mg11 ent9$. I statements on pages 10 to 25 were apwoved by the twste8s, and authorised fcff issuo on . and signed on Iheir behall ty. Trustee
BRIDPORT AND WEST DORSET SPORTS TRUST LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash flows from operating aetlviti85 N8t cash incomellexpen(fjtLeI Adlustmènts to cash flows frnm non4ash Itemb Depreclation Investment income 7.018 (26,5821 13 131,421 8,106 130,333 181,609 5,051 149.976 Worklng eapltsl adjustments Increase in stock Increase In debtors Increaselldecreasel in creditorn D8crea8e in deferred in¢om8 14 15 17 17 13,794) (31,315) 59,836 2,316 19081 {1,169} 121,8081 26,8041 Net cash fl¢)ws from oparatiThJ ac*vittes Cash flows from Invg8ting acvitI Interest receivabl8 and Birnilar income Purchase of tangible fixed assets Net cash flows from investing actiwUes C8sh flows from Ilnancing activities Repayment of loans and borrowitvJs Repaym¢nÉ of capital dement offinartt lease5 and HP contracts 152,744 99,287 8.106 37.7421 5,051 17,584 13 29,636 12,5331 18 (21,3751 121,374) 19 183,144 53,430 Net (Ash fknv8 from finanong actitieS 84,519 74.804 N¢t increase in cash and cash equlvents 38.589 11,950 Cash and equN8lents at 1 Awil Cash and cash equivalen18 at 31 March 114.194 102,244 152,783 114,194 l tsf the cash Ilows derived from continuing OperaonS during the above two riodS. 12-
BRIDPORT AND WEST DORSET SPORTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AIARCH 2025 1 Charlty statu5 The charlty 18 limited by guarantee. in Unrted lQ"ngdom, and consequenY does not have share capitsl. Each ol the trustees is liatle to contr1trthe an amount not 8XC88diThJ £1 towards the assets of thè cknarity in the event of qUIdatIOn. The a&j$S of Its registered Offi i8.. Brfdport L8isure Centre Brewery Fields Brfdport Dorset DT6 5LN 2 A¢counting pollcleB Summary of $lgnMeant accounting pollcles llnd key accounllny •sllmats8 The principal a¢¢ounlirg pc4icies applied in the rKeparalion of these financial statements are 8el out below. These policAes have been consistenty #prA to all O)¢ years presented. unl&ss Oth8$& ststed. Statement of Compllance The finanrAal statements have been prepared In actsjrdance ith Ac(y)unting and Reporting by Charllles: statement of Recommend Pradice applicable to chariues préparing Iheir accounts in accordar0 w5th the Financlgl Reporting Standard applicable in Ihe UK and Republic of IreLand issued in Octob8r 2019, the Financlal Reporling Standard appli¢atlÈ in tha UK and Republbc of Ireland IFRS 1021. They also comply %Mth the Companies 2G{ and ChaFib'es Act 2011. Basls of preparation Bridport and West Dorsel Sports Trust Ltd meets the ¢jefinon ol a public benefft entity under FRS 102. Assets and liabllities are inrtially recognised at historical cost or trarwclion value unless otherwse stated in thè r&lavant accounting policy notos. Going concern The financial stalemwbts have b88n prepared on a ¢C(rn basis. The trustees assess whether the use of wng concem is approprfiate i.e. whethor there are any material uncertaillfjes related to events or condrtions that may ¢ast signfficant doubl on the ability of the charity lo ¢ontlnue as a gting con¢8m. Thé tiustees make this assessment in respect of a period of one year from the date of approval of the ffinancral 3lalements. Incon and &ndowmonts All Income is rgcognised once the tharity has entruemenl to the income, it is probable that the Income vthl be received and the amount of the income receivablè can be measured reliably. Donatlons andlegaeles Donations are recognlsed when the tharrty has been notffieil in Vrbn9 of both thè amount and settlement date. In the event that a donation is subj lo ¢¢S1t)ns that require a level of performance by the charity before thè charity is entided to the fund5. the irthme is deferred and ntst r8cognised until either those c(Jndilions are fvlly met, c* Ihe lulNm&nt of those conditions is %tholly TthIn 1he cfjntrol of the charity and il is prolJabl& that these cotKlltions wll te fuffilkd in the reporbr@ peri(Kl. -13-
BRIDPORT AND WEST DORSEf SPORTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Grants rncefvable Grants are recognised vthen the carity has an entitlement to the funds any conditions linked lo th8 grants have been met. Where pgrfomiance conditions ar¢ attathed to the grant and are yel to be m¢1, the incom8 is recogn15ed a8 8 li0ty arKI I[Lled on the ance she8t as defetred Income to b& released. DefoThd in¢om• Dèlèrred income represents amounts r8c8ived for Tulure wiod8 and 15 released to in(mIng ro$ourcÈs In th8 period for which, it has been received. Such income is onty deferred when.. - The donor 8pecifies that the grant or donation mu8tonty be used in future accounting perKx18', or - The donof has imposed condition5 must be met beforè the th8rty has unconditional enlitlemenl. Inveslmentlncome Diwdend8 are recognised once the div7dend has been dedar8d arKI nobfication has bo received of Ihe diMd8nd due. Exp8ndltur• All expenditure is recognised OTTh tPTere is a legal or con$1ructive obfig8tion to that oxpendrture, 11 I probablg settlement is requir9d and the amount can be meased reliably. Al costs are allocatgd lo the applicable expenditurtt hèading that aggregate swnilar costs to that category. Where costs cannot be dlredly attributgd to particulaT heading$ they hav• be6n albcated on a b88is ¢on$istenl wlth the use of resource5, wlth centr31 staff costs allocated on the basis of time SFent. and depreciaon charges allocated on the ptsrtion of the assevs vse. Other support costs ar8 loCated l>ased on Ihe 8pr8ad ol staff Ratsing funds These are $1S incurred in attracting vcAuntary IncMe. the management of investments and those Inujrred in trading thties Ih¥t raise funds. Charltable activltl•s Charitable expenditure compri8e¥ those costs incurred by Ihe charity in tha delNery of its actiwlie8 and services for its beneficiaries. It indudes both sts that can ba alloc*ed directty to such activiles and those costs of an indirect nature necessary to SUFwi them. Support CD8ts Support costs incbjde cantral fiJnctions and have twi allocated to acbvity cost categories on a basis consistent with the use of resourcos, for examF4e, abcating Fyoperty o)sts by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Gov¢mment grants Govemment grants are recognlsed based on the accrual mc•Jg1 and are measured at tho fair Val of the a88el received or receivable. Grants are dassffied as relating eith¢r to revenue or lo a83ets. Grants relating lo revenue are recognised in income Dver tho period wi whth the relatsd costs aTr cOgnISed. Grants relating to agsets are recognised ovèr th8 expected useful Ilfe of tha asset. Where part of a gTant relang to an &et is deferred, it is recogn as deferred 1Me. 14-
BRIDPORT AND WEST DORSET SPORTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Tax4tlon The Gharity Is considered lo pas$ th8 tests set out in Paragraph 1 Schedule 6 of the Flnance Act 2010 and therefvre 11 megls the definition of a charitalAe company for UK corporab'on tax purposes. Accordingly, the charrty is potentialy exempl from tsxatlon in respect of income or capital gains received within cate9o)ries ver(l by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Art 1992, to the extent that such income or gains are appl eXu81V&jY charitable purpo8e8. Tanglblfj flxod 0980ts Individual fixed assets are init'ally recorded at oosL less any 8ubwuent ac¢xmulated depreciation and Subsequent accumulated impainnenl losses. Depreciation and amortl•atlon Depreciation 15 not prow48d on freehold land gnd buifdings as the freeh)Id property is malntalned In a continual stste of repair and has a resithal value not rnaterld clffÈrÈnt from thè amounl the property is Induded in the accourrts. Depreeialion is provided on tangible fc<ed assets so as to vKiie off the o)st or valuatlon, lesg any estimated sidUal value. over their expected useful ec¢nomi¢ Irf? as follows". As8•t cla8S Freehold land and bulhJin9S Leasehold properileg Dgpreclation method and rate Not depreuated Straight lin8 over the life of the lease or less 12.5% straight lin 4 ar$ $traght Ine Stratght In8 over the Ille of the lease Fixturè and ffttings Computer equipment Plant and machinery Sto¢k Stock Is valwl at the I0Er of c05t arHI nel ieali53L49 Yalue. Trade debtors Trade debtors are amounts du8 frcrn wstomers for me[£arlse xld or serwGe$ perfomied in the ordinary cour8e of busine5S. Trad& debtors are recognlsed initialty at the transaction price. Tney are subsequendy measured at arnorti5ed cost using thè 8ffective Interest method, less promsion for Impalmnt A PT¢vision for th8 impairment of trade debtors 13 established when thwè Ls o14'ective evidertce that the ¢h8rity will not b8 able to colleot all amounts due according to the original terrns of the receivable¥. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other SIrt-tOrM highty liquid inv8Stmenls th818r8 readity convertitAe to a knovm amwnl of cash and we suble¢t to 8n insigrrificanl risk of changg h value. 15-
BRIDPORT AND WEST DORSET SPORTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Tradg crgdltors Trad8 creditors are obligaOn3 to pay for goods or semces that have been acquired in thè ordinary coursè of businoss from suppliers. Accounts payabk are dasslfièd as uJThenl Ilabilities if thg eharity does not have an uncond1[91 right, at the end of the rwting period. to defvr $etUement of the crethlor for at least fvmlve months after the rèwting date. If there is an unccmditional right to defer setUèm8nl for at least twelve months after th8 reporting date, arn presented a5 non-ojrrent liablThties. Trade creditors afe recogntsed inil'amy al the transacthjn aTKI 8ubsequenty measured at amortised cost using the effectNe intwest method. Borrowlngs Interest-bearing borrumngs are initialty recorded at fair value, of transaction costs. InteigSt-bearing borrowngs ar¢ subSequenY caTried ¥t amorti3ed cost, with the difference tween the proceeds. net of transacdon costs, and the amtunt due on emptiOn bging recogni88d as a thargg lo the Ststamant of Financial Activites over the p70 ofthe relevant boThJ. Interest ¢xpense 1$ recognised the ba8is of the effeclive interest melhod 18 included In intsrest payable 3imdarcharges. Borrortg8 ar6 da38TrSed as txrrent liatilTbes unless the tharty has an unconditiDnal right lo def8r setuemenl of the liabilty for at least tNAve m¢nths after Ihe reporting date. Fund structuro Unrestricted income funds are gener81 funds that ore availabla for u8e al the trusl8eg' discretion In fiJrtheranc8* ol the objecb'ves of the tharty. Re8lrict8d incorne funds are those donth for use in a particular area or for specffic purposes, thè use of vthich is restricted to that area or purpos¢. Hlre purcha¥t and flnance leasos Leases in which substantially all the risks and reKdTds (rf ownShIp are retain by th8 s5Or are classified as operating leases. RpJrtals paYae uiider operating aSe$ are charged in the Statèment of Financial Activities on a straight Ine basis over ihe lease temi. Loases S classrfied 8$ finance leases whenwr the terms ol the leasè transfer sub$t8ntialty all the rfsks and rewards of ownorship to thé £ee. Assets held under finance leasès are capilalised in the balance sheet as tangibl8 fixed assets and are rn]Sed ai th8 lower of their fair valuÈ at incept'on tsf the leagè and the present value of the minimum lease pawnents. These assets are depreciated on a straighl-line basis over tre shortw of the useful life of thè asset and the kase tem. The caprtal elaments of future obligations under the lea5e8 arè indude(l as lialylib'es In the balance sheet. Lease payments are charged to the Statamenl of Financial Acknvib"¢s and are apporkn'oned b¢een financè costs and the reduction of the leag8 obligatton so as to lIeVe a n$1arrt periodic rate of interest on the remaining balanca of the Th• Inte81 e1Ment of the rental obligation is charged to the Statement of Financial Aclivities ovér the period of the lease and represents a constant prOpNti of the balance of capltal repayments ouhtanding. Oparating leasos Thg annual op8ratiThJ lease payThent is tharged to the statement ol financial activitses on a straight line basis over th¢ lease tem.
BRIDPORT AND WEST DORSET SPORTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 3 Incomg from donation8 and legacles Unrnstrictod lund15 Ggngral Total 2026 Total 2024 Donations and legacies., Donations from indivldua18 Legacies Glft aid wlaimed Grants. induding capital granlg., Government grants Grants from othw ¢harfloS Regular glvlng and capital donations 21 21 e,000 5,561 271 2,254 2,254 5.CQO 7,435 23,000 12.435 23.000 2.083 9,200 20,000 7,006 2.083 9.358 30.435 39,793 48,038 The 2024 total of £48,038 Gonsists of £13.098 unres1rfcted fttNLq and £34.940 restricted funds. 4 Incomg from charltablfy athities fvndg Gènerdl RKtricted funds Totsl 2025 Total 2Q24 Subsu1pnS from memters Entrance fees Swimmlng Pool Main hall, squash atKI fields Flthess room f88s Course and a¢tswtie Bridport Rugby Club Agreement Dorsel Counal Se charge8 Adv8rtising sporwr8hip other income Solar panal inoome R8nt81 income 681.701 782 144.038 51,079 48,169 313,905 4,835 168.970 448 2.798 5.168 2,C69 881.701 762 144.L136 51,079 48.1e9 313,905 4,835 197.770 629.086 704 138,528 46,814 43,990 258,611 8,521 197,770 500 2,698 4,885 2,143 1.334.250 28.8(NJ 2,798 5.168 2.069 1,423.960 26,800 1.452.760 The 2024 total of £1,334.250 consists of £1,305.450 iJnr¢strided funds and £28,800 r8stricted funds. 17-
BRIDPORT AND WEST DORSET SPORTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 5 Income Irom other tradlng actlvlU8s Unrestsfetad funds Total funds Total 2024 Trading Income-, Sale8 of good8 and $eN¢es 49,265 49,285 49,265 42,124 49.265 42,124 The 2024 Ic*tal of £42.124 all rdates to unrestricted fiJnd8. 6 Inv88tment Incomo Unre5ts5ctod funds Genernl Total 202S Total 2024 Intsresl re¢eivabl• and 8imilar income., Interest receivable on bank deposits 8,106 8,106 5,051 The 2024 total of £5.051 all rdates to unrestricled funds. 7 Expenditurn on ralsing funds a) Costs of tradlng actlvltks Total 202$ Totsl 2024 Genernl Openlng finished goods Gwds for res• and vending purchase8 Shop costs- operating 18ase Closing finished good8 4,609 35,546 1.125 (8,403 32,877 4,609 35,546 1,125 8,403 3,701 30,182 1,708 4,609 32.877 30,982 The 2024 totsl of £30,982 811 relate5 to unrestrKted funds. 18-
BRIDPORT AND WEST DORSET SPORTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 a Expendlturo on charitable acllvltlo¥ Actfv undort•kon dlrectly 2025 Tolal 2024 EMploYnnt co8ts Water rates 838,470 29.042 120.392 32,427 198.140 19.718 7,530 732,855 19,551 96,953 34,949 219,02D 13,260 7.318 508 ght, he8t and Per Insuran¢& Repair8 8nd maintenance Cleaning and chemicals Prlnting,postage arKI tslephi) Computer expenses Subscriptions Contribubon to Catrer rehab 201 377 23,764 2.819 2.778 4.165 62,710 117 19,183 3,357 2.583 3.119 47,127 382 In81ructor8 fees UnrforTll8 Sundry expenses VAT Disallowed Tra1 and subsistence Advertislng The audlL of the chatiV$ annual a(lunt5 Audlt¢ls remuneralion-non audit IA 8,298 5,200 2.575 5,363 13,059 8.859 5,rAo 2,480 13,800 12,501 2,431 116,423 65,187 Legal anil professional fees Bank and credit card ¢harg8S Loan interest Deprec4alion of long leasehold proparty Deprec4ation of FA8nt and machinery 63,577 67.844 1,510.029 £1,423,365 {2024 £1.296.802) of the aljwe expenditure was attTutae to unrestricted funds and £86,66412024 4128.261} to restricted funds. 1,425,063 19-
BRIDPORT AND WEST DORSET SPORTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 9 Net Incomlngloutgolng re80urce5 Net Incominglloutgoing) r8sources for the year include: 2025 2024 Audil fee6 Depredatlon of fixed assets 5,200 131.421 5,080 181,610 10 Trustsos romun•ratlon and expenses No trustees, nor any peT8ons connec19d vlith them. have receNed any remun8ratiC from the charfty during the year. No tru8tees have rec£iv8d any reimbursed exponses or any othar beneffts kn the charity duriny the year. 11 staff ¢o$ts The aggregate payroll $ts were as folltrws.. 2025 2024 Wages 8nd salaries Employers Nl Stsff pensknns Slaff Iralning 776.061 39.948 12,260 10,201 838,470 677.89D 35.596 10.650 8.719 732,855 Thè monthly average number person8 (induding senior mawemenl team) employ*J by the charty during the year was as folows.. 2025 2024 No Lelsure centro Managem8nt 59 53 65 59 No omployee rwNed emolum of more £60.000 during the ar. 12 TaXaOn The charty ks a registered charfty and is therefore oxempt taxation. -20-
BRIDPORT AND WEST DORSET SPORTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13 Tanglble flxed assèts Land and bulldlnB• Furniturn and squiprngnt Total Cvst At 1 April 2024 Addition¥ 2.225,974 765,811 2,991,785 37,742 37,742 At 31 March 2025 2,225,974 803,553 3,029,527 DgpreclatSon Al 1 April 2024 Charge for the year 1.633.365 63,577 374,548 2,007,913 67.844 131,421 At 31 March 2025 1.696.942 442.3>2 2,139.334 Not book valu8 At 31 March 2025 529,032 361.161 890,193 At 31 March 2024 592.609 391.263 983,872 ncluded wlthin the net Lwk value of land and bjlklirS ate i¥ £15.000 12024 - £15.0001 In respect of freeho land and buiklings and £514,03212024- £577:6091 in respeL* of leasehold8. 14 Stock 2025 2024 Finished good$ 8,403 4,609 15 Debtors 2025 2024 Trade debtors Prepayment8 Accrued in¢ome VAT recOVerae Other debtors 2,499 49,500 28,658 4,688 12,435 28,669 4,918 6.921 8,233 55.629 16 Cash and cash èquivalonts 2025 2024 Cash on hand Cash at bank 1,062 151.721 2,727 111,467 114,194 152,783 21
BRIDPORT AND WEST DORSET SPORTS TRUST LTD NOTES TO THE FINANCIAL STATEMEhTS FOR THE YEAR ENDED 31 MARCH 2025 17 Credltors: amounts falllng du9 withln ong yr 2025 2024 Bank loans Trade ¢xed Other loans Hire purchase and finance leases Other Credito Accnjals Def8Tr8d Incme 10.000 56,534 6.993 58.287 15,709 25,299 66,523 239,345 Thore 18 a legal chery8 held by The Ewlsh Sports Councl aring on 9 July 2010 on the leasehold propty knosvn 88 Bridport Leisure Centre. 10,000 8,821 11,374 58.287 12,473 16,412 68,839 186,206 18 Croditorn: amounts falllng due aft•r one yw 2026 2024 Bank loans other loans Hire purchase and finwce leases 2,500 27.975 34.001 12,500 34,969 97,145 144,614 64,478 19 Obllgations undor lea¥gs and hir• pur¢haBe ¢ontracts The total value of future minimurn loase payments Yas as folk)ws.' 2025 2024 Wthin one year In lo fiva year8 58287 34.001 92.288 58,287 97,145 155,432 Finall leases are Secured upon the assets lli whiL* thèy relate Operating 18ase commltments Total fLJture minimum lease payments under n0nucanb]e cwating 18ase5 arB as follows". 2025 2024 0th8T Within one year Been one and five years 3,500 1.841 5,341 563 1,350 1,913
BRIDPORT AND WEST DORSET SPORTS TRUST LTD NOTES TO THE FINANCIAI_ STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 20 Commltmonts Ponon commltrients Commilrnenls provided for in the accounts *nounted to £1.895 {2024 £1,640}. Commttmenl8 not provided for In the aDnts am(nted lo £Nil (2024 - £Nill. £Nil rete8 to pension LxJmmltments related to penon3 payabl8 to past director312024- £Nil). 21 Anatysis of net fund At 1 Aprll 2024 At 31 March 2025 Cash flow Cash al bank and In hand 114.194 38,589 152,783 152,783 116,993> 130,475} 92,288 114,194 {21,3741 (47.469) 155,432 38,589 4.381 16,994 fj3.144 Debt due wthin one year Debt due after more thw ono year Financelgases and hire purchase eontraeis Nel dgbt 1110.081> 123.108 13,027 22 Related party transactlons There were no related party tranwtk)ns in Ihe year. -23-
BRIDPORT AND WEST DORSET SPORTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 23 Funds Balanco at 1 April 2024 Incomlng rntroureo9 Resources •xpeTrded Balance at 31 March 2025 Unrnstrictsd Gonernl Unrostricted Ganeral Fund 20,786 1,490.689 {1,456.242) 55,233 Restrictsd The Real T8nnls Crt Restricted Fund Leisur8 Centrg & Swimming Pocl R¥stricled Fund Cancer Rehabilltation Re8tited Fund 46.165 46,165 757.701 36.235 (62.900) 731.036 2,832 23,000 23.764 2.06B Total restricted a[,698 59,235 779.269 Total funds 827.484 1,542 906 834.502 Balance at I IomIng Apfll 2023 rgsourcgs Rasources gxpended Balance at 31 March 2024 unrestrict fund3 G¢neral Unrestrictsd General Fund 117,153) 1.365.723 {1.327,784) 20,786 R•stricted The Real Tennis Court Re8trKtad Fund Leisure Centre & mming Po Restricted Fund Cancer RehabilitatK)n Restricte<l Fund 46.165 46,165 823.039 43,740 (109,078) 757,701 2,015 20,000 19,1831 2.832 Total re5ts1¢tod funds 871.219 63,740 128,261) 806,698 Total funds 854,066 1,456.045 827,484 -24-
BRIDPORT AND WEST DORSET SPORTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 24 Anatysls of net amets bptw•en funds Unrestrictod lunds Genernl Total fund8 at 31 March 2025 R¢strlct•d nd8 Tanglble fixed assets Current assets Current liabilities Creditors over 1 year 432.270 13.001) (309,560) 64.4761 457,923 291.131 70.215 890,193 248,130 1239,3451 {e4.4761 834,502 Total net assets 55.233 779.2fj9 Unyestrictod fund8 GengTal Totsl frJnd8 at 31 March 2024 Re8trict8d funds Tangible fed assets Current assets Currant Ik?kHllies CreditOT5 Over l year 470.485 1118.879) (186,206) 144,614 513,387 293,311 983.872 174.432 {186,2061 144,614 Total net assets 20,786 806.696 .25-