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$' Report 2105 Independ8nt Auditors, Rewt 6t09 Stslem8nt of Flnancial Activrtl8S 10 B8lanGe Sh8et Ststement of Cash Fkw 12 Notes to th8 Finan(yal Statements 13to25 BRIDPORT AND WEST DORSET SPORTS TRUST LTD REFERENCE AND ADMINISTRATIVE DETAILS Chalmian Mr Frad8rKk Folthr Vlce Ghair Ms Deborah Foy Trusts IAr hjec Baky. (freasurw) Kqr Nichc4as Th￿nleY Mr Ph5￿p Summerton Ms Caroline Saunders Mr jaSC￿ Vaughan Mr Nichclas Johnson Senlor Management WITh Thrower, Centre Manager Salty Bragg, HR & Salariès Manager Rachd Figu8ira. Finarth Managgr R•gr$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 he￿thY rocreati￿ by providiTrJ fa￿l￿eS for wrts, ftb*ss. and leisure fadlthes and activbties for the re8idents and visitors of Bridport and its Su￿O￿nding 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 ￿l￿TreS 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 a￿1￿be$. indudiro sTrhimming le880ns. fftness Blas80S, home facilities several IOCAI dubs and c￿mUnIty events. Th8 charty has become a Hyrcjx affiliated Efte (Juty '24). this ha$ 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 Ind￿Mduals 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 PU￿tshed by the Charity Commissk)n for Eng18fKI and Wale* Our programmes are accessÈbl8 to ￿1. with subsidi8ed rates for IDI￿1￿￿me resident8 a￿$9 for certain cy)mmunty group8, Ènsurirrfj broad (yJmmunty benef As Thjted, our xtwities are desgned to maximize put4ic benefft, vith a fo￿5 on waSs￿lI7ty and in¢lusion. BRIDPORT AND WEST DORSET SPORTS TRUST LTD TRUSTEES, REPORT Achlavgments and pèrIoM￿ne8 In 2024125, Bridport Leisure Centre rerxxded 145.080 Mslks. 8 1.5% increas8 on the prfrvlous year. Key achievements inciud8'. Minimal of the Membership base. +20 for the year (open.. 1683. close: 1703). However, the mernber8hip ￿eld wa8 ￿1.95 on target {actud.' £35.45. targeL. £33.50) . Conb'nu8d lo delrver HAF fiinded Spaces on our M￿A¢tmty Holiday Camps, wlth c¢thpanry in exc988 of eo%- genèrating an addib"on81 £6,060. performan￿ against targets.. . Achieved a 1,5% grovrth an Centre visils h￿bEVer, the target was 15% 80 th18 will need to b8 monitored throughout the next year. • Swm School 3ubscription8 decreased by 1.76% {9 in tot￿} however, the yield per m¢mter was +£1.68 on target Overall - chiklrgn's actNtbes continue to perfomi well finandalty against targ&t. Challeng&s Indude the volatility of energy mafket aNI escalating ojsls of operating the fadllty. Thg Cgntre has been fortunate that tt ha$ not &xp&ienced any unforeseen issu95 that effected its operation. Th8 charity's acbvibes promoted phy%cal health. SOLyal IndLtsion, and community Gthe$im, with te8tlrnonials highliyhling Improv&1 mental vrtlktreing amory parts￿pants. Finan¢lal r•vloW The charlty's lotsl income for 2024r25 was £1.549,924 ￿￿th an expendrture of £1.542,905 reSu￿ng in surplus of £7,018. Prinupal income Sou￿3 induded membwshp fees (£681.7011. cour¥e$ & activities {£313,905), swmming pool {£144.0361). and the management fee1£197,7701. Expendibjre supported key objs(*"v¢s, V￿1h 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. Investm￿tpo1￿Y and objectives Due to reduced interest rates in nomial bankirvJ f8¢ilrtiès. the Twst has r￿¥ in￿st¢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 SU￿esS 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$st Dorset Sports Trust knmited is a ¢haiilatle o)mpany Im((ed by guarantee, govemed by its Memorandum and Artl¢les of Associalion, ir￿￿￿ed on 7th July 1975 and last aménded in 2018. Th8 charity owns and oparates Bridw)rt L￿S￿re Centre, prOv￿lIng a¢c8ssible spotts and recreation81 faalÈbes to th& local oxjmrnunty. The Board of Truste¢s. comprf3iry of up to ten membets, oversees the ¢hari￿$ 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 S￿lIS 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, Br1dr￿rt 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 ener9y0ff￿ieDt 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$lbflJ￿98 The tru$teÉs (who ere also thè directors of Bridport and Wèst DoT8èt Sports Try￿t 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 ￿n￿lsten￿y.' observe the methods and prrncipEes in th& Chanties SORP.. makeludgemÈnts and estimatès that arè rt8son8blÈ and prndart", st8te whéther applicable acccMJnting standards, compri￿ng 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 re￿rdS that can d18dose vAih rnasonabl accuracy al any time the finanry￿ ptsstbon of ltr￿ ¢harbtsUe company enabje them to ensure that the finandal 8latemÉnt8 com5￿Y 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 inf0mla￿On to audltor t￿8tse h85 taken steps that they ought to have laken as a tru3tee in order to make theMse￿e8 aware of any rdevant audit inf0m￿tIOn and to e$la￿lsh 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 Fi￿n￿l91 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 appIl￿ble 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)Mpan￿S affairs as at 31 March 2025 and of its Incoming resourcAs and application of r•80urces. ind￿1ng 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 responsibl1￿eS under those standards are ftwther described in the Auditor's responsibilities ICK the audit of thè finanrAal st*ements section of our report. We are independent of the charitsble charity in 0￿rdanCe with the th"(¥l requirements that are re￿vant to our audit of the finan¢lal slatamenty th the UK, indL*Jing 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 ￿nar￿jaI 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 m*erial uncertainties relating to events or condillons thaL indiwdually or coll8ctivdy, may cast significant doubt on the chari19blo compan￿$ ability to continue as a gtyng C￿cerN for a period of 8t loast hvelve months from when the finan￿al 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 finan￿1 statements does not cover the other information and, ￿cept lo the extent othewse ex￿41￿llY 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)rda￿e 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 kn￿edge 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?￿rased on Ihe 8pr8ad ol staff Ratsing funds These are ￿$1S incurred in attracting vcAuntary Inc￿Me. the management of investments and those Inujrred in trading thties Ih¥t raise funds. Charltable activltl•s Charitable expenditure compri8e¥ those costs incurred by Ihe charity in tha delNery of its actiwlie8 and services for its beneficiaries. It indudes both ￿sts that can ba alloc*ed directty to such activiles and those costs of an indirect nature necessary to SUFwi them. Support CD8ts Support costs incbjde cantral fiJnctions and have twi allocated to acbvity cost categories on a basis consistent with the use of resourcos, for examF4e, abcating Fyoperty o)sts by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Gov¢mment grants Govemment grants are recognlsed based on the accrual mc•Jg1 and are measured at tho fair Val￿ of the a88el received or receivable. Grants are dassffied as relating eith¢r to revenue or lo a83ets. Grants relating lo revenue are recognised in income Dver tho period wi whth the relatsd costs aTr ￿cOgnISed. Grants relating to agsets are recognised ovèr th8 expected useful Ilfe of tha asset. Where part of a gTant rela￿ng to an &￿et is deferred, it is recogn￿￿ as deferred 1￿Me. 14- BRIDPORT AND WEST DORSET SPORTS TRUST LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Tax4tlon The Gharity Is considered lo pas$ 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*￿ eX￿u81V&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 fc2 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 bjlklir￿S at￿e 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 recOVera￿e 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 y￿r 2025 2024 Bank loans Trade ¢xed Other loans Hire purchase and finance leases Other Credito Accnjals Def8Tr8d Inc￿me 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 ari￿ng 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 n0nucan￿b]e cwating 18ase5 arB as follows". 2025 2024 0th8T Within one year Be￿en 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 Pon￿on commltrients Commilrnenls provided for in the accounts *nounted to £1.895 {2024 £1,640}. Commttmenl8 not provided for In the a￿D￿nts am(￿nted lo £Nil (2024 - £Nill. £Nil re￿te8 to pension LxJmmltments related to pen￿on3 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 C￿rt 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 I￿omIng 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