STAMSHAW & TIPNER LEISURE CENTRE ASSOCIATION REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 The twstees present thcir rcport with the financial statements of thp. r.hArity for the period ended 31 March 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities, issued in March 2005. REFERENCE AND ADMINISTRATIVE DETAILS Charity number 271120 Address Stamshaw & Tipner Community Centre Wilson Road Stamshaw Portsmouth Tru$tu8 durlng th• perlod Angela Drury Kelly Drury Dan Campbell Debbie Hutchinson Roger Campbell Cllr Lee Hunt Chris Hughes- appointed March 2023 Jane Skeoch - appointed March 2023 Independent Examlner Barter Durgan Victoria Road South Southsea Bank Natwest Bank Commercial Road Portsmouth
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is a charitable uninc£srporated association and is Gontrolled by its goveming document. a constitution registered with the Charity Commission. Racrultmonl and appointmenl of new trustees The charity is managed by a Committee of Trustees elected by 8nd from the membership at the Annual General Meeting. A trustee inductlon pack has been produced and training can be made available. The trustees meet regularly to oversee policy and finance matters and plan actlvities Rl8k management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. OBJECTIVES AND ACTIVITIES Publlc benoflt The trustees Gonfirm that they have referred to the guidance contained in the Charity Commission's general guidance on PLJblic benefit when reviewing the charity's aims and objectives and in planning future activities. ACHIEVEMENT AND PERFORMANCE Having come through the Covid pandemic and the slow return of confidence, the centre's fomier groups returned during this year and new activities were a180 started, so that a broad programme is now on offer to the community. APPRECIATION AND THANKS Thls Annual Report gives the Trustees an opportunity to offer public thanks to the many people who have supported their work during this period. Regular hirer groups for their loyalty to the Association Volunteers Portsmouth City Council for advice and infomiation and some financial support
FINANCIAL REVIEW The Association ended the 2022 123 financial year in a reasonably healthy financial position but with Trustees aware of the need to carefully monitor expenditure and to promote income through greater use of the centre and by applications for grant aid to support improvements and developments to the building and the programme.
STAMSHAW AND TIPNER LEISURE CENTRE ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
STAMSHAW AND TIPNER LEISURE CENTRE ASSOCIATION Contsnts ofthè Financial Stalemènts for th• year ended 31 2023 Pag• General Intrjrmadr Trustee's RepDrt 24 Ind8petKlènt Examinaf• f4•pJrt Slalement of FIn¢181 A¢livi1188 Bala0 Sheet Nol88 to the Financial StalenvJn18 74
STAMSHAWAND TIPNER LEISURE CENTRE ASSOCIATION General infmatyon For the year ond•d 31 March 2023 TRUSTEES OFFICERS Chairper8¢)n S8crelary - Mi8sA Drury -m8 KJ DNry - Mr D C8mpbo11 - M6 D Hutchln80n Cllr Lee Hunt - Mr R camp11 - Ms J Skeoch - Mrc Hughes CENTRE ADMINISTrATOR ADDRESS 69 W160n R¢)ad Stam8haw Portsmouth Hants P02 8LE CHARITY NUMBER 271120 ACCOUNTANTS Bartèr Ourgan Chartered Accountants 10 Vlctorla Road South Soulhsea, Hant8 P05 20A BANKERS Nattonal 31m]nSter Bank PO Box 25 130 Comm8rclal Road Portsmuth Hant8, P011ES
Psge 1 ErAFISHAWAND TIPNeRLEISURECENTRE ASSOCIATlOPt-" . - TRUSTEE8 REPORT The Trustee's present thalr r8port and the current financial gtatemenlg for the year ended 31 March 2023. which have been dfawn up to compty wlth current statuttsry raquirements and the chaty,8 gov8miTrJ documents. cot48TITUTION The eonstitulion of th6 charity18 881 out in Ihg governing instrum¢nl odopt¢d al the Annual General Meeting held ¢)n 7 June 1999. TRUSTEES Th8 Irust•es who served on Ihg maroJ&ment tMmittee dunn9 the year a.. M188 Ange18 Drury MJ Kelly Jane Drury Cllr Lèe Hunt Mr Roger Campb811 Ms Debbie Hutchlngon Mr Danlel Campb811 Truslats 8re Qlected lollowin9 ncvninaliori and approval ot tho Annual Genafal MeetiTrJ. The structure of the contre Is made up of a Ganeral Management Ccmmitteo thal18 Ihe 9oveming body of Ihe entro and a Bogrd of Dko¢tors r¢8pon8lble for the Limited Company through t Gon8ral Managemant Ccmmrtteo. No docision can b made With¢1 a qiionim being we.xAnl mado up of 113 01 tha tolal number of commltlee m¢mb•r$. 8TATU8 The A•ioclallon18 a r8glatered charity (Nurthr 271120) RESULTS The results for the yoar are 8et out In the Slalemenl ol Financial AclNiln5 cfj page 5 and the p)$illon al th• end of the year is shawn In the Balance Sheet on page 6. Rl•k The fi'nancial risks that the trustees havo be¢n exp08ed as Idenlbfied by the tru8tee8 have been revlewed and 8y$lems hav• boan establish&J to mltlgats those risks. A pol¥ ha8 been agreed whereby a balance 8heel is produced for the Management Committee 8nd Direclors monthly meetings slating th9 financial position of the associalton. Bank Statements are produced Iw'ce monthty by the bank and theso arg pr95enl8d * tho monthly meetsng5. All income arKI expenditure 1$ monitored to ensure all incKJm2 15 paid and èny unnecessary expendlture 18 ellminated. VOLUNTARY INPUT The Lwntributlon by volunteers is n8ce88ary frJr the ¢onlknuation ol the cenlre, at present thay are and lar bebve6n. The voluni88rs have are loyal. dedicatsd and comrnllled to the centre. RESERVES The r88trlcted ra88Ne8 represent funds held separatety trom thg a$$oCialn on behalf of vwious sectiofts who have raised funds to operate and managg these sections. AJI olher r9seNes are unrestricted and undeslgnated.
Page 2 STAMSHAW AND llPNER LEISURE CENTRE ASSOCIATION TRUSTEES REPORT continued INDEpENDEr EXAMINER A resolution to re-appoint aft independent exaffMer for the folbwlng year will b8 proposod at lh• hnnual Gèn•ral Meeting followlng con$ld8ration by the members of lendors sut)mltted for the wsition. Slgned on behalf of t truite88 on A Drury (Chalrper8on) Page 3
STAMSAAW AND TIPNER LEISURE CENTRE ASSOCIATION lrndependenl Examinerfs Report to the TnJstg0$ ofThe stshaW and Tipner Leisure Centre A¥s(latI rr8port on the acGounls-of the Ass(Kiaiion"fOr the yéa'rBnded31'"March'2tr21-, which arvs8tThrtroft""pagés S.10.&..... R•gp•ctlv8 ro¥pon$ibIlttl of tnrtl•e# and •x*mln•r The charity's IrLsslees are responsible for the preparation of the accounts. The charlty's tyuslegs eonsldor than an audil is not requirgd far this year (under seGbon 43121 of the Cbadlw Act 1993 Ithe 1993 Act)) and that an indepèndent examination is needed. 11 is my resp)n¥ibillty lo.. examiné tre acwjnts lund8r secyon 43(311al oftho 1993 ktl.. foll tha pr8dre3 laid dwn In the Genaral Dlwctors glven by the charlty CDmm18sioners lund•r 58clion 4317llbl of the 1993 Act), and $latg whether partKular maiterg have come lo my attsnbon. Ba818 of Indgpèndant examlnerf8 roport My oxaminalion was carrted out In 8CCordae wlth the General Dlrecllons 96ven by the charty Comml$$loners. An examination includes a review of the accounting rewrd8 kept by the charity and a comparison of the aceounls presenled with those records. 11 also Includes conslder811on ot 8ny unusual items or disclosures in the 8CCKJUnts, and Ihe seeklng of axplanallons from you as Iruslses concoming any gueh mattèrs. Tho procedures undertaken do not provide 811 the evidence that would be rgquired In an audlt and, con¥¢quonlly, I do not expres8 an 8udlt oplnion on the viow glv•n by the accounts Ind•p•ndonl •xamln•r'8 8tat•m•nt In Connection with my examination, no matter h85 come to my attention.. 111 Which 9fves me r•a¥on8ble cguse to b•ll•v• that. In any materkgl re8PocI. the requlremenl$'. to kepp Hccountlng record8 In 8P.rnrdNn wlth Sgction 41 of the 1993 Act". and lo prepare 8¢Gounts whlch aocord wllh th• awiunting records and kn ¢omply with the accountmg requirements ol the 1993 AGt', have not been m•t'. or 121 to which. In my qiinion, attonb.on should b8 drawn in order to enable a propor understanding of tho •¢GDunts to be reached Kthlh A Green FCA Barter Durgan Charted A¢¢ounlants 10 wlOrra Road South Sth88a Hants P052DA Dated; Page 4
STAMSHAW AND TIPNER LEISURE CENTRE ASSOCIATION STATEMENT OF FINANCNL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 Reytrthd Unrgstricted 2023 2023 Total 2023 Total 2022 INCOME AND EXPENorruRE Incomlng R•souK Charitable ocilvlt Membership Subscripkns Letting$ and room hire Grants Chadty Incom• Oth•r activlilw 1¢ g•n•r•t• fund• Fundralsing OCcuncY charge Tot*1 InCIng R8•ouvc•• 26,367 6,150 26,367 6.150 38.473 30.987 667 667 2,e67 33,184 33,184 75,334 Ra¥our¢o• Expend Cost of gen•rntlng fund• Fundrahlng co•ts Funds adlu81ment Tolal colt of g•n•ratlng lund• Ch•rftsbl• oxp•nditur• Dlrnct charltabkn èxpendltura Manogemenl and •dmlnistratlon Tol•l crflab1• •xp•ndltur• 45,424 1.688 45.424 1,886 47,110 80,912 1,908 62.820 Total fe•ow¢•• •xp•nd•d 47.110 Not In¢omlngl{outoolng) r•Ure N•t movem•ftt In lund• 13,928 113,9281 113,926 12,514 FLsnd Balance$ Brou1 FoMard al 1 April 2022 Fund 8alanc•8 8rowJht Fonvard it 31 M4rch 2023 10 20.1 32,614 1,217 17,471 18688 AJI In¢ame and 8xpendJturo retatss to ¢onttnulng operations All galns and10¥3es recogn8 In year are Included In thg Stsloment of Flnanclal Acthitres. The nots8 on following paggs lomi part of the acCnIS Pago 5
STAMSKAW AND TIPNER LEISURE CENTRE ASS(lAmON BALANCE SHEET AT 31 PWiCH 2023 2023 2022 FIXED ASSErs INVE8ThENTS CURREpif A88Er8 6,858 15,163 6,805 37.085 Cash at bk •nd In hand 22.019 43,890 CREDITORS: AwK)unts falllng due wthin on8 year 11.279 NET CURRENT A88ET8 18,685 32.811 NET A83ETg 18.688 32.S14 FUN08 Unréstr¢led Reslrthd 10 10 17.471 1.217 31,397 1.217 18.888 Approved by the Tru8ts08 A Drury IChairper80nl The notes on the fOlbvn9 p8ge8 fomi part of these accounts Pago 8
STAMSHAW AND TIPNER LEISURE CENTRE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2023 DIRECT CHARITABLE EXPENDITURE 2023 2022 Ratss L•Jhl, heat and watèr Insurance Cloaning Repairs and mainten*nc6 Wag•s and sakri Pen$lon Telophono Stationery, adverdslng and posta9e Proles$lonal fFe$ Llcen8e8 and fee¥ Sunddes Boxlno granl Chrls Richards 8ank charges 3,278 14,718 1.502 3,609 4.323 14,070 2,273 2,436 1.493 26,241 718 390 11,440 438 216 1.118 431 500 299 1.472 715 380 1.931 Dan Campbell Boxing DonalKsn8 Cash Balanco writ8 off 6.350 4,2es 60.912 45,424 MANAGEMENT AND ADMIN18TRATION 2023 2022 Dook.kteping 1,440 1,908 FIXED A88ET8 Long Fumiture behdd and propety aqulpmenl Totals COST: At 1 Aprll 2022 Ad(lilion$ At 31 March 2023 31,530 52,750 84,280 31,530 52,750 84,280 DEPRECIATION: At 1 Apdl 2022 Charge for year Disposal) Al 31 March 2023 31.530 52.750 84,280 31,530 52,750 84,280 NEf BOOK VALUE: At 31 Mah 2023 At 31 March 2022 Pago 8
STAMSHAWAND TIPNER LEISURE CENTRE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ACCOUNTINO POLICIES al Ba8is of Preparntlon of Accounts The finan¢lal staents have been prepared h ¥cordanc• wllh the aOlcable accounting $tsndarnls, the Statement of RecLMnmended Praclice under the histollcal COBI accounting rulas, aThJ the Charltle6 Act tr) Tonglbh Ag••ts Depreci8tson is provid•J at rates calculated to WTle i)ff thg Colt, lais 8sb'mat8d residual value ov8r their OXP8Cted usefvl Irvu as follThs'.- Long aSehold woperty Fumilure and equipm8nt 5% por annum on Cost - 15% perannum on cost el Incom• InGorne compN8es the value of goods ld SeNIcg3 $uppUed, net of Value Added Tox, d) Stock Stsck 18 Statgd at tho Iwr of ¢0818nd net roallsabl• valu•, aftw maklng ¢u• allowan¢8 for obsol•t• and movlng Items. ol Allocatlon of Costs Dirts¢l ¢haritabte expendtture, lundralslng co8tS, and the c08t6 of management and admini$traUon. ar8 wrthn off to th• profil and1098 account when incurr8d. Exp8ndltur818 capttall8ed for the speclfl¢ c08ts 01 rumllure and equlpment etc. 8TAFF C08T8 Tho a¥&rag¢ numbor or pern6 omployod by tho a$8¢xlgllon were.. 2023 2022 Cleaning, m*ntenan¢e and centre management The total remuner811( pgld was: ges, Salaries and lo¢1 $•¢urity ¢08ts £llAaa £2 No ernploy e8rnéd morn than £S0,OCrf) TAXATION Due to the nature of the As8oclallon'8 xlivSlle8 there w no corporation tax liablllty arf8lng on the A¥8¢xialion'5 re8utt5 for the yeai. Page 7
STAMSHAW AND TIPNER LEISLJRE CENTRE ASSOCIAMON NOTES TO THE FINANCIAL STATEMENTS FOR TFIE YEAR ENDED 31 MARCH 2023 FIXED ASSET INVESTMENTS The assocPdllon'8 investrnent8 at the bAI8ftcg sheet dato in the 8hara oapSts1 of unlist&Y Compani06 include the IONO9. STLC Llmttod Nature of bu8ne88.' Bar trndlng Class of$haw.' Ordlnwy holalng 100.00 2023 2022 Aggregate cotal and resaNe8 ProfiVllos$l for the yeor DEBTOR8 2023 2022 Trade debtor8 and prapaymenls Amount due from subshliary undertaklno 878 5,977 828 5,977 6,805 CREDITORS: APIOUNT8 FALLING DUE WITHIN ONe YEAR Accrued oxws81 and Other tax8$ 2023 2022 3,334 11,279 io. RECONCILIATION OF IIOVEMENT IN FUNDS (A) RESTRICTEO FUNDS UNRESTRICTED VARIOUS SPORT FUNDS AND LEISURE CLUBS Funds 911 W12022 Income Expend•d Funds at 31 March 2023 1,217 31,397 33,184 47,110 17,471 (BI RESTRICTED FUNDS The8e aro funds arn glven or coll•ct•d for speafic purp08e$ PORTSMOUTH CITY COUNCIL SUPPORT Port8moulh Cty Counal provide8 the fDllwng support to Ihg As$ociallon: b) The premise$, rent free, quanlrfied to be worth £14,500 M8inienancg of 89 Wilson Road T¥4 part-lime members of staft Page 9