REGISTERED CQMPANYNUMBER: 01266607 {Entsndand Wales) REGISYERED CHARITYNUIIIBER: 273334 REPORTOFTHE TrUSTEESAND FINANC1ALsTA7EP￿E1jTS FOR THE YEAR END£D JI MARCH 2024 FOR WESTWIGHTSPORT5 AND COMMi1NI￿¢E￿TR£ TRUST UMrrED Motr55 Crod(er Ltmited CharteredAccountants StatutoryAuditor5 Station House North Street Havant Hampshlre P09 IQU WESTWIr￿spo￿rSA￿DCrkMmVNlTyCttITR£ YRUST UMITED FOR THE YEAR EPK>ED 31 PJTrARCH 2024 Pa8e I to G Report olthe IDdepèndontAudkors 7 to 10 Statement of Flnan¢lal Artl¥lYe5 li ¥alancE5hEet 12 Cash FlowStstemtAt 13 Notes to Ihè Cash Flowstatemerrt 14 Note5tothe Flnan¢la Statsments 15 to 26 WESTWIGNTSPORTS ANDCJt the a￿Ount5 ID accordance v*th applicable kw. Their liability in the event of windiw up the company would am(￿rtt to £10. being the amouniof the 8uarantee. No member held any Interest in the tt¢mpany (bjringthetwoyèars prioi to31 Mar(h 2024. Member5 of the council of maftagement are elected at the anftual Éeneral Meeti￿ to Serve for an unlimrtÈd period of me subject to ratification at each annual general meeting. Prospectlve membets of the counol are Initlal pproa¢hed a member of the board pri￿ io norninètion being proposed at the anr>ual general meetlng. Sublert to such proposal recemne the full support of the board, the proposed new trustee 15 inwted to loln the board and f￿loWIng their aC￿Ptance 13 fvlly briefed as to tharlty matters and rhe alms and oblectfves of the charlry at the first board meetinB atwhlth they attend. ThÈre are no fDTrnal PDlide5f¢r indurtton and Irainin#of countil membets. The council of management meet on a b1-mc￿thly basis to consider relevant issues relating to the charty. A centre managerF5 appointed bytht t￿ttl1 of managementto manw the 5trate8ic dayto day 0￿rationS of the charity. Rtskmana8¢ment trustees have a duty to Identlfy and revlew the rosks to whkh the thaTIty Is expised and to ensure appropriate ontn315 arp In ￿8¢e to provide reèsortable 85surance agalnst fraud and error. REFERE14CEAND ADMINJSTrATIVE D￿AlL5 ReOstered Companynumber 01266607 IEnAland and Walesl R•8lster•d Charity numbei 273334 Moa Pl Freshwater lsleof Mnght P0409XH DrG Thorrnson Mrs 6 Kennett MBE MrDHanwk MIJBAwty Mrj Howe Mrc E Fleury MrMJWebber MrM￿e Mrp Noctor MrG Cameron MrR Barton-wood MrA Dowe Miss C Sea MrsA Freeman ￿rR6￿an President Chalrman Ire51gned 04104120241 lappointèd 28103120241 lappolrtted 25107120241 lappolnted 25105120231 lappointed 25105120231 Pa8e 4 WEST WIGHTSPORTS ANDCOhWUNfrY CE14TRE TRIMUMITED{REGSTEkED PIVMBER:QIZfj66071 REPORTOFTHETrUSTEES FOR THEYEARfNDED 31 MARCH 2024 AÉFERENCEAIID ADMIN15tPATIVEDETAIiS Morris Cmckerumittd Chartered Accounrants StztutoryAudttors ststion House North StrEet Havant Hampshirè P09 IQU Bankers Uoyds TSB PIC 225t. Thornas'5quare Newport Isle of W*ht P030 Wi Accounw Bright Brown Limlted ExthanBe Hotsse St. Crossiar Newport Isle of Wlght P0305BZ Clare Grsffin STATEMENTQFTRVSTEES. RESPONSIBILMES The trustees Iwho are also the dlrertors ofWe5t WW Sports and Community Certre Trust Llnlted tor the purposes of company lawl are respDrsible for preparin8 the Report of the Trustee5 and the fiTrancial ststements In accordan￿ writh applicable law and Uniied Klngdom Ac¢ountln8 Standards Iunited Kingdom Ge￿rallY Accepted Ac¢ountin8 PraLtlcel. Company law requlres thp trustees to prewre financlal ststements for each financial year whlch glve 4 true and lalr vlew of the state of affairs of the charitable tompany and of the Incoming resour£es and applicatlon of resuurces. indu&ng thè IncomÈ arKt expenditure, of the charitable company for that periDd. kn preparing those finandal statements.the trusteesaie requlred to seledsuitaye accouNing polictèsand then appty them con515tentty. obseNethe meth¢xls ar#4 prlnoples In the ChartySORP,. make jL*ements estlmatesthat are feas¢)nable and prudent: prepare the finan¢t)15tstements on thè 8oing concern basls unkn k i£ in¥pproprfatÈ to presume that tharilable companywilj contlnue In busfne5S. The trustees ar• resp0Tr5ible for keepkn8 prO￿r accountln8 re¢ord5 whKh disclose with reasonable at￿racY at any time the financlal positlctn of the tharltable company and to enable them to en31tre that the f(naneial statements tomply wlth the Companies Act 2CQ6. They ¥e also respDnslble for 5afequarding ilw assets of the charitsblt tompaAy and hencefortaklng reasoNable steps for the preventlon and detection ol fraud and othEr Irregularlttes. Page 5 WEsfwi6HTSPOATSANDCOMMUNITYCENTRE TRUSTiIMrfED{RE61STERED NUMBER: 01266607) Fl)RniEVEAR ENDED 31 MARCH 2024 srATEME1￿0FyRUsTEEs. RESPONSIBJUTIES. contlnued Insofarasthètrustees are aware.. there tsno relevant Bud￿ Infomatlon ofwhkh the thirftable£(ryanVs auditOTsère unaware: arKI the trustee5 have taken all rteps that they ought to have taken to make themselve5 3ware of any relèvant audrf( Informzth)n and to establish thatthe auditors are aware of that Inf(*mation. The ayditory, Morris Crocker Umtted, will be proposed for ie4ppoSntment at the forthcoming Annual Ge￿ra1 Mtttln& Approved byorder Df the board of trustees On... and ￿6fted on Sts behalfby.. Page 6 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED Opinion We have audited the flnancial statements of West Wlght Sports and Communlty Centre Trust Llmlted Ithe 'charitable company'l for the year ended 31 March 2024 which comprise the statement of Financial Activities, the Balance Sheet. the Cash Flow Statement and note5 to the financial statements. including a summary of significant accounting policie5. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards Iunited Kingdorn Generally Accepted Accounting Practicel. Ill our opinion the financial statements.. give a true and fair view of the state of the charitable company's affalrs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, forthe yearthen ended,. have been properly prèpared In accordance with Unitèd Kingdom Gener3lly Accepted Accounting practi￿,. alld have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further desuibed in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independenl of the charitable company in accordance with the ethical requirement5 that are relevant to our audit of the financial statements 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 3nd appropriate to provide a basis for our opinion. The prigr year financial informatior included in these financial statements is unaudited, and accordinglyi we do not express an opinion on the cornparative figure5 for that year. Other matter We draw attèntion to the fact that the financial statements for the year ended 31 March 2D23, presented for cornparative purposes, were nol audited. A￿ordInglY, the comparatlve figures in the current yearfs financial statements are unaudited and were included for information purposes only. Our opinion Is not modrfSed In respea r)f this matter. Conclusions relatirt8 to eoing toncèrn In auditing the financial statements, we have concluded that the trustees, use of the 80ing concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainlies relating to events or conditions that, individually or ¢olle¢tively, may Cast significant doubt on the charitable company's ability to continue as a going concern for a period of at leastlwelve month5 from when the financial statements are authorised for issuè. Our re5ponsibilitie5 and the reSpo￿lbIlItieS of the trustees with respect to going concern are dèscribed in thÈ ielevant sections of this report. other Information The trustees are responsTble foi the other information. The other information comprises the information included in the Annual Report, other than the financial st8tèm@nts and our Report of the Inéependent Audttors thereon. Our opinion on the financial statements does not cover the other information 4n¢J, except to the extent otherwise explicitlystated in our report. we do not express anyform of assurance condusion thereon. In connectlon with our audit of the financial statements, our responsibility is tts read the othei information and. in doing so, consider whether the other information is materially inconsistent with the financl31 statemÈnts or our knowledge obtained in the audit or otherwise appear5 to be materially mi55tated. If we identify such material inconsistencies or apparent rnaterial misstatements, we are requirèd to detèrmtnè whethèr this gives rise to a malerial misstatement in the financial statement5 themselve5. If, based on the work we have performed, we conclude that there is a material misstatemènt of this other Information, we are required to report that fact. We have nothing to report in this regard. Page 7 REPORT OFTHE INDEPENDENT AUOITORS TO THE MEMBERS OF WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED Opinions on other matter5 prescribed by the Companles Att 2006 In our oplnlon, based on the work undertaken in the ¢our5e of the audit.. the information given in the Report of the Trustees for the financial yèar for which the financial statements are prepared 15 consistent with the financia5 5tatements- and thÉ Report of the Trustees has beèn prepared in accordance with applicable legal requirements. Matters on whlch we are required to report by exceptlon In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report In respect of the followSng matters where the Cornpanies Act 20C6 requires us to report to you if, in our opinion.. adequate accounilng records have not been kept or returns adequate for our audit have not been ￿ceIved from branches not visited by u5,. or the financial statements are not in 3greement with the accounting record5 and returns,. or certain disclosure5 of trustees, remyneration specified by law are not made; or we have not received all the information and explanations we require for our audit,. or the trustee5 were not entitled to take advantage of the small companies eKernption from the requirement to prepare a Strategic Reporl or in preparing the Report of the Trustees. Responslbllltles of truste•s As explained more fully in the Statement of TrLtstees' Re5punsibilitie5, the trustees (who are also the directors of the charitable company 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 nece55ary to enable the preparation of financial statements that are free from material Mi￿tatement. whether due to fraud or error. In preparing the financial statements, the trusteès arè responsible for assessing the charitable company's abilily to ontinue as a gging concern, di5c105in& a5 epplicable, matters related to going concern and using thÈ going concern basis of accounting unless the trusteès èithèr intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do 50. Page 8 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED Our respon51b115tles for the audlt of the flnanclal statements Our objectives are to Obtain reasonable assurancè about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the IndepÈndent Auditors that includes our opinion. Reasonable assuran￿ is a high levol of assurance, but is not a Éuarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstaternents can arise from fraud or error and are considered material if. individually or in the aggregate. they cguld reasonably be expÈtted to infftuence the economic decisions of users taken on the b8515 of these financial statements. The extent to whlch our procedures are capable of detecting irregularities, including fraud is detailed below.. From discussion wlth managèment and those tharged with governance information about the entity 15 documented to assess the activity within the org3ni5ation. We discuss management's assessmÈnt of risk in respect of Irregularlties, fraud and going concèrn. Based on thesè discussions and our own a55es5ments we determlned that the key risk area5 were Income recognition in respect of cut-off issues and management override concerning the size of the organisation. WÈ Set financial statement materiality level based on the level of income. As a not fctrr profit organisation ra151nK income is its primary focu5 which is why income was used to determine the level of mateiiality. Our overall assessment of risk was used to determine performance materiality at an appropriate level. Substantive audit tests were deslgned after assessing and performing walkthrough tests. The walkthrough tèsting confirmed documented systems which have been designed to act as a preventatlve measure against fraud and error which appear to be operating as documented. Substantive testing tested a sample of the population. represent3tlvo of the populatlon, to identify error5. The testing did not identify any material misstatÈments in areas tested. Audit substantive tests concluded no rnaterial errors over the key risk areas of income Tecognition and management override. The audit CQll5iders the organi5ation is not exposed to material risk of èrror as a result of assessing laws and regulations that are appropriate to the organisation. Management assessed there Is no going concem risk. A further descflptlon of our responsbbllities for the audit of the financial staternents 15 located on the Finèntial Reporting Council's website at www.frc.org.uklauditor5responsibilities. This descriptlon forms part of our Report of the IndependèntAuditors. Page 9 REPORTOFTHE INDEPENDENT AUDITORS TOTHE MEMBERS OF WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED Use of ourreport This report is made solely to the charitable company's mernbers, a5 a body, in accordance with Chapter 3 of Part 16 of the Companie5 Act 2006. Our audit work has been undertaken so that we might state to the charitable company's member5 Ihose matter5 we are required to state to them in an auditor5, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company arKI the ¢haritable¢ompany's members as a body. for our audit work, for this report, orfor the opinions we have formed. P Underwood (Senior Statuttsry Auditor) for and on behalf of Morris Crocker Limited Chartered Accountants statutory Auditors Station House North street Havant Hampshire Pog IQU Date: Pa8e 10 WEfwiGKfspoRTS ANDCOMMuNrrY(EfirRE TRUST UMIIED srATEMENTOF HNAPKIALAcrAimES IINCORPOUMNGAN INCOME AND EXPENDITURE Accoiiim FOR THEYEAR ENDED 31 2024 2024 Total funds 2023 Tgtal funds Un￿triCted fund5 Restr*ted funds Notes INCOME ANO ENDOWMEI4TS FROM OonatiorbSand le8acies 96.337 340.393 199,949 Cent¥e Operattons 805,608 661.047 Othertradln8 artiyltles Inv&stment fntorne 96.$57 14.016 96.557 14,016 94,163 4,642 Totsl L160,237 96,337 1,256,574 959.801 EXPENDrruRE ON Raisinglunds 51,325 51,325 31626 Charhablo a¢ti¥l Centre Operations 989.847 54.238 L044,085 941,275 Other 38 38 Totsl 1.041.210 54.238 1,095A48 973.901 NEf INCOMyifApENDIYURE) T*an￿ets bth4Èèn fvnd5 119.027 43.972 42.099 143.9721 16L126 20 Net movemwrt In funds 162,999 IL8731 161,126 114,ILWJI RECONCILIAYION OF FUNDS Tot81 hjnds brought forward 1242,759 25.033 2,267.792 2,281,892 TOTAL FLIND5 CARRIED FORWARD 2,405,758 23,160 2,428,918 2,267,792 The notes form wt ofth*e Mnanci31 ststements Pa¥e 11 WEsfwiGHTSPORTSAND COMMUNITY CENTrE TRUSYUMITED (REGISTERED NUMBER..01266607J BAlAN￿S￿Er 31 A14RCH2024 Notes 2024 2023 Tzngible as5et$ 14 1.92&647 ¢URRENT ASSETS 5tock5 Debtor5 Cash at bank and in han41 L&￿6,810 15 16 10.550 50J72 420,341 38506 629,354 673,650 CftEDIIORS Amounts f?Illngdue wlthin one year 481,263 17 1173,3791 1120,2811 NEfcuR¥tENT ASSErs s￿,271 360,982 TOTUASSEfs LESS CUftRENf UABIUTIES 2,42&918 1267.792 NEfASSEfS FUNDS Unrestrirted fund5 Restrirted funds 2,428,918 2,267.792 20 2,405.758 23.160 12417Sg 25,033 7OTALFUNDS 2,428.918 2,267,792 These fln3n¢ial statements have beèn prepared In accordan¢È vlfth the provi￿On$ applicabl¢ to charltable conwanies subject tothe small companie5 re8tme. The financial ststements We￿ approved by the 8oard of Trusree5 and authorfsed for I5$￿ on - and were signed on its behalf by.. Rya Trus The tTrotes fomi part of these fin•FKlal statements Paee 12 WEST￿16￿r5pORlsANo COMMUNITYCENfAE TRU￿um1TED CASH FLowsfATÈMENT FIJIIIHEYEAR ENDED 31 MARCH 2024 2024 2023 cashflowsfromoperatingarti￿￿es Cash generaled from opeiatiDrts Iniere5tpald 260.981 138} 89.379 Net cash provlded ￿ operatin8 aCtIvitie$ 260,943 89.379 Cash flows from Investing artivitlts Purthase of tan8lble fixa a55etS Interest fKelved 165.9461 I4￿16 126A871 4,642 Net tash used in InvertlnE att￿ltIeS (51,9301 1222451 Change In ￿$h and ￿she9Viva1ents Fn t reportI￿PerI1)d Cash and cash equival•nts at b•Alnnl ofthe reportlry pulod 209.013 67,134 420,341 353.207 Cash and￿She9￿1vaI8rts alth8 end ofthe r¢purtin8 peFiod 629.354 420,341 The notesform part of t￿$¢ financialstatemtnts Pa8e 13 WESTWIfjHTSPORTS ANDCOMmUNI￿(£IlrnE TRiIST UMrrED NOTESTOTHÉCASH FLOW5TATEMEPIT FOR THE YEAR ENDED 31 MARCH 2024 RECDNULIAMON OF NET INCOMVIEXPENDITURE)TO N￿cAsH FLOW FROM OPERATING 1￿ME5 2024 2023 Net kncorne/lexpendlturÈltarthèrepOrtl￿P0rIod las￿rth￿ statÈm￿tof Flnancial Pxtsvitru) 161,126 114,1(Kil Depreciatl¢M charges Interest retelved Interest paid De¢rtrase/lin¢reasel In st¢xks Decreaselllntrea5el in debto Increase In creditors 44.109 114.0161 38 4,760 IIA66 53 43.593 14,6421 12,3161 lQ,7511 79595 NetCa5h prov1d￿ by opelaiions 260,981 89,379 ANALY515 OF CHANGES IN NET FUNDS At 1.4.23 Cash tk)w At 31.3.24 Net(a5h Cash at bankand In h2nd 420.341 209.013 629,354 420341 209X)13 629,354 Total 420,341 209,013 629,354 The notes form part of thesefinanclal ststements P•8e 14 WESTWKHTSPORTS AND COMMUN￿ CEI4TrE TRUST UMITED 140TE5TOTrIE FIP4ANCtALsfA1EMENTS FOR T•IEVV4R EIfftD 31 MARCH 2024 ACCOUNTING POUCIES Basls of yeparlngthe finan¢iAlslatem The financial statements of the (haritable company. whth Is a publlt benefft entity under FRS 102, have bten prepared In accordance with the Charities SORP IFAS 1021'Accounting Ind Reporting by Charities: Ststement of Recommended Practice appllcable to charltles preparine their a¢¢ounts In •ccordan¢e wlth Financial Reportlng Starjdard applFcable In ihe UK and Republic of Irdand IFRS 1021 leffectlve l January 20191., Flnantial Reportlng Standard 102'The Fjnanaal Reporting Standard appllcable Irlthe UK and Republic of Ireland, and the Companles Art 20C6. The financial statements ha¥e been p￿pared under the hlstoric•l cost convention. Incomt Income is recO$n￿ert in the Statement of Financial A¢tiviiies, net of VAT 11 applltable. On￿ the chadty has entitlement to the funds, it is wobablè that the irKome wll be receNed and the an￿unt can be measured rellabty. Income recieved for events that will not take Pla￿ ID thÈ year is deferred and shown wlthin credltofs to be rew8nised as income ihthey*3rthe evtnttakes plate. Income recleved In advance for membershlp to the centre 15 recOB￿Sed over the period of lime to whkh the rnembership relate5, vmh the element reJatin8 to th* folluwin8 yeai bEin8 deferred and shown wlthln credrtors atthe Year￿d. Expendllure LIabilit￿ are recow)Ised as expendltijre as soon as rhere Is a legal or constructlve oblgatlon commlttlng the charfty to that expenditure. it Is probable that a tiansfei of etonomic benefits wlll be required In settFement and the amount of the obli8ation can be me35ured reliably. Expendlture 15 accounted tor on an aicruaLs bas1$ and ha5 IJEell cla55ilied UF￿er headlngs that ag£re8ats all cost rdated to the ￿ts￿Ory. Where costs canrjot be directly attrlbuted to partitular headin8S they have been altotated to aetlvhies on a basls tOn5i5tent ¥hth the se ol resources. Tan8lble fl¥ed assets Depredallon 15 provlded at ihe lolk>wlng annual rates In order to off exh asset over Its estimated useful Long leasehold Improvements to Property Plant and mathlnery c￿eT the period of the lease the period ofthe lease 5tral8ht line ove¥ 3 to 20yeavs The useful economlt Ilfe of the long leasehts￿ property has been revised this year to over the lrfè of the lease. to be more reffle￿￿e ofthe expetted Itfeof the t￿ildinga￿d the ￿se term. 5to¢ks stocks are valued at the lower of tost and net reèllsable vajue, aftèr maWng due alowance for obsolete and slow movin8 Items. In¢omÈ arlslng from centre operation5 is Considered to bt generated in fvrtherance of the printsry pur￿￿￿5 01 the tèntre, aThJ Isthefèforè, exempt ¢orporatlon ta Income artsln8 from acb"vf(ies to generate funds is considered to ar￿ from actNitie5 anclllary to the charitable purpose of the centre, or fall withln the bwnd5 of the HM Revenue ar￿ c￿StoMS 'small trwlin8 exemption" for charrf(les. and are therefore. èKempt from corporation tax. Pa£e 15 continued... wwwIGirt SPORTS ANLICOMMUNITYCENTAE TRLIST IIMITE NOTES YOTHE FINANaALSTATEMENTS-iontlnutd FOR THEYEAR ENDED 31 MARCH 2024 ACCOUNllN6 pouaES.contlnued Fund accountt Unrestrkted fund5 ¢an be used In accordancewlththecharstsble obiectlves atthe dlscreikjn of the tru￿ee Desl£nated funds represent funds set aslde by the trumees of unremrkted fijnds for 5peclfl¢ future purpose5 or projects. Restricted luAd5 t8n only be used for p8rticthr restricted pUr￿Se$ wtthln the objects of the charity. Restrktions arisèwhen $pecified by the th)nor orvA*nftrnds are ralsed for part*ular reArlcted pU￿1$eS. Furtherexplanatlcn of the natureand purpose of ea¢hfund Ls indudEd Inthe notes to the finènclal statements. Lth7s1n8commltmÈnts Rentals pald under Operati￿leaSe$are thareedto r*S￿rteS expended evenly overtheterm of the leèse. Flnandal Instruments The company only enlers onto ba￿¢ flnan¢ial Irstruments transattions that ￿sUIt In the recognftion ot financral assets and liibillties like trade and other accounts receivable and payable. loans from bank5 and other third partie$3nd I￿an$ to related parties and investmentsln non-PLrttable ordlnaryshares. C45h •nd cash equlvaler Cash and cash equthlents comprfse cash at bank and on hand, deposits with &nks and other short-term hl8hly Nquid Inve5tmenls and bank overdrafts. In the balance 5he¢t, bank oveTdTaft5 are 5hDWm Wlthin borro￿￿85 or current Ilabilltie5. Pen51on costs •rMI othèrp05t.Tetlrfm?nt benefits The charitable company pperates a detlned contrlbutknn penslon scheme. Qjntributlons payable to the haritsble company'5 pension scheme are charged tD the Ststement of Financial Activitie5 Sn the pefiod to which they relate. DONAnoNSAND LEGACIES 2024 Ttrtal fvnds 2023 Total funds ilnrestrfrted fiJnd5 R¢stritted funds Donati(rf15 Legacies Grants Spon$orÈd events 63,652 104989 47A33 25,982 63,652 IC*.989 143.TlO 25,982 44,898 96.337 123.553 31,498 244.056 96,337 340393 199,949 Page 16 Continued... WEST WK411TSPOATS AND CQMMUNmi CENTrE TRUSTUMrrED NOTESTOTHE ANANCIALSTAIÈMENTS.contln FOR ThEYEAR ENDED 31 MARCH 2024 I)ONATIONSAND LEGACIÈS. ¢¢ntlN Grants recew, IrKluded inthe abrNe, are a5folknvs: 2024 2023 Freshwater Parfsh Council Totknd Partsh CouTrcll Yzrmouth Parfsh Councll Shalfleet Parbh Council Hampshire & Isle ofWl8ht Communlty Fund IHIWCF) Visit Isle of w￿ht Yarmouth HarbourCommis5ton IW Foodbank Aspire CommunityActlon IW Brighstone Parlsh Coundl Chan8ing Places 28.5C(I 15,183 60,fAJO Is,c 7,727 250 8.5 1.250 20,(wJO 14,087 3.750 20.000 12.576 36.C430 143.770 123.553 G¢)vemment grdnt5 Ir￿1￿￿ed In the abo¥¢ intluding fw)ds from local and parlsh countA5 were É88.433 12023.. £87,227). OThER TPADINGACTIVITIE5 2024 Total funds 2023 Tvlal fund5 Unre5trtrted funds Restrtcted Iunds Cafe sales Reiall ￿leS Leased renta Car ￿TkIng Income Othèractlvities 37.214 8A97 37.214 8.497 22.456 23A87 4,￿3 35,341 10.690 20,124 23,779 4,229 23A87 %,557 94,163 Page 17 coniinued.. WESTWIGirrspoRTSAND COMMUN¥ThC£NTrE TRUST UMITÈD NOTE5TOTHE FINANCIALSTATEMEIIT5-toDthwed FORIH£ YEAR ENDED 31 MARC•1 2024 INVESTMENT INCOME 2024 Tot?1 funds 2023 Total fund5 Unrestrfcted fund5 Restrlrted fvnds Inveslment interest 14,016 14XIIG INCOME FROM CHARITABLE AcllvmES 2024 2023 Ad Membershlpsand centrefees Centre Operations Room hire Centre Operation5 761,516 615,499 45,548 805.608 661.047 RAISING FUNDS Ra151nBdonatlonsand le6 2024 Total funds 2023 Total fw)¢ts Unrestrirted funds Restricled funds Fund raisini expense5 1,220 1,220 2.107 Other tradini a¢lMtlr4 2024 Total fvrKIs 2023 Totsl lunds Unrestd¢ted funds Restrfcted lunds Purthases Staff costs Cafe expenses and equlpment 27.318 19A12 1975 27.318 19,812 1975 23,357 6.882 50,105 50,105 30,519 Ag8reBate amounts 51.325 51.325 32,625 Page IS unt1n￿l... WESTWIGHTSPORTS ANO COMMui4ifi CENTrE TRusfuMifED N07ESTOTHE FINA14CIALSTATEMENfs.wrt•)￿I FOR ThE YEAR ENDED 31 MARCH Z024 CHAMTA&LEAcnvmEsmsrs Dire¢t Costs Isee note 81 Centre Opewaiions L044.Q85 DIREcfc05TSOF CIIARItABiE ACtIVlTIES 2024 2023 Sklfcosts Other operating leases Rates and water Inyjrarte Light and heat Telephone Postase and stationery Athiertising Sunddes (hlorlne and atld Centre 8Ctlvltles Training aeaning and waste dlspoml Repalrs and renewals reeoverdble VAT IT, Softwa￿ and consumables Sub5crlptlons Bank charges and Interest Accountancy Le8al and prOfesS￿nI1 fee5 Bad debis Oepreclatlon 637,364 S80526 16,126 39.319 78,929 1830 4,268 12,496 33.323 6L705 2,822 3.724 1,911 9.323 10,1 28,427 8.621 4,291 13.459 47,649 10.299 41,630 49.268 5.215 19,822 6.561 10.072 3.917 61.272 38.ts11 14280 5,742 7.178 5,169 44.109 43,593 1,044,085 941,275 NEfiNCOMEIIEXPENDITUREI Net inwmellexpendltufel Is stated afterthargingl1¢￿thr&j'. 2024 2023 Depredatton-owne(l assets Otheroperatlng lease5 44.109 43,593 Page 19 contlDiied... WESTIIryGHT5PORTS AND COMMUNfiY CENTRE TRUSTLIMITED NI)7E5 TOTHE FINANa4LSTATEMEiifs.¢orrtinued FOR ThEYEAR ENDED 31 MAR012024 TAUSTEE5' REMUNERATION AND BENEFrrs The￿ were no trustee5' remunerati￿ or thher benefft5 for the year ended 31 Ma¥ch 2024 nor for the yeai ended 31 Maych 2023. There were no tru5tees' expe￿eS paid for the year ended 31 MaKh 2024 nor for the year ended 31 March 2023. 11. STAFF COSTS 2024 2023 Wages and salaries Soclal 5ethJrity Costs 625,373 31.803 560,124 27,284 657.176 Theavera8e monthty n￿ber of employees durin8theyearwas as folows.. 2024 50 2023 47 ChaiitsbEe actyvltie5 Remuneration to key management personnel was£40,897 Noemployee5 received 111 excess ol£CII,COO. 12. MATERIAL TWISFERS Re5tFlcted fund expenditure of a capftal nature, rnalnly the purchase of equipment, is incl¢Jded In flxed asset add￿1￿￿ at the timeof the purchase. An Jmgunt equal to the lower of the Income received in respect of the equipment o¥ the mst of this equipment Is transferred frorn the restrl£ted fund to the fixed assetfund. pmided that thts equipment may be ￿ed by the tharity for its gèneial application. t)epreclatlon on this equlynert ￿11 be ¢har8ed against the flxed 3$5et fund. Atransfer from the re51TiCted fvr>d to the fixed asset fund wlll not be made for fixed asset addltlons that are not ¢apable ol bein8 Used b¥ the thartty for eeneral purposes. Deprecl*lon In respeLt of ths type of asset wlll te charBed a8ain5t ￿tricted funds. Page 20 contin￿... WESTVIIGlff SPORT5 AP4DCOMMUNrr¥cEPITRE Trusr UMITEO NOTESTO YHE FtNANCIAL sfATEMENTS. ¢Obftlnued FOR THEYUR ENDED31 MAIECH 2024 13. COMPARATIVtSFOR THE sfATEMENfoF FIIIANUALACTMTIES Unre5trirted funds Re5tritted fund5 Total funds INCOMEAND ENDOWMENTS FROM Donationsand legacies 138,623 61326 199.949 Charftable 4nl Centre Operatlons 66L047 661.047 other tradin8 ￿l￿tfES Investment IKome 94163 4.642 94.163 Totsl 89&475 6L326 959￿01 EXPENDITURE ON Ralsinglunds 32.626 32.626 Charitablt acil￿tt£S Centre Operations 901.250 40,025 941,275 Totsl 933,876 40.025 973,901 NETINCOMVIEXPE14DITURE) 135AOII 21301 I14,1￿) RECONOUATIONOF FUNDS Total br￿ght foThvard 2,278.160 3,732 2.281.892 TOYALFUNDS CARR￿ D FORWARO 2.242.7S9 25.033 2,267,792 The above figures sh(xv the fund detalls for ihe compardtive figures to 31 March 2023 as shown on the Statement of Financial Activltles. Pa8e 21 tontinuéd... VIESTWIGHTSPORTSAND COMMUNITYCEIITRE TRUSTIIMIT£D NOTESTOTHE FINANaAL ¥fATEMENTS- wnl1rK￿d FORnit Yw eNDED31 MAROI 2024 TANGleLE FIXEDA55ET5 Improv4ments Lon8 zsehold arstand machlnery propeity Totrls COST At l April 2023 Addthns 148IA35 120,429 48.687 586,438 J7.2S9 3.188292 65,946 At 31 Marth 2024 2A81.435 169,116 603,687 3,254,238 DEPREaATION At i Aprtl 2023 Char8e foryear 841,471 16.399 4.530 1.646 435,481 26. 1,281A82 44,109 At 31 March 2024 S57￿70 6,176 461,545 lJ25591 NETBOOKVALUE At 31 M3rch 2024 1,623,565 162.940 142,142 1,928,647 At 31 March 2023 1,639.964 115.899 150,947 L906810 STOCKS 2024 2023 Stock5 5,790 10.55Q i& DEBTORS:AMIXINYS FAIUNG DUEWITHIN ONEYEAR 2024 2023 Trade Ilebiors OtheT debtOfS Prepayments 21.778 19.784 5,624 24,964 10,892 38,5Q6 50,372 Page 22 continued... WEST WIGMT5POR75AND COMMUNITYCfNTrE TRIISTUMIIED P40TES TOTHE ANANCIALSTAYEMalTS. contlnued FOR THEVEAR ENDED 31 MARfll 2024 (REiJITOR&. AMOLINTS FAWNG DUE WITrIIN 014EYEAR 2024 2023 Tiade¢redit4J Social securiryaTrdothertsxe5 VAT Otherueditor5 Deferred income Accrued expenses 15.767 7.514 9.526 13,256 257 78247 IL121 77.756 9.718 173379 120.281 IUSINGAGREEMENTS Mirymum lease paymentsunder non-cancellable operatin8 leases fall due asfollows= 2024 2023 Within one year Between one and fiveyears In morethan fNeyears 99 loo 19. ANAL￿15 OF NET A55ETS BETWEEP4 FUNDS 2024 Total funds 2023 Total funds Unre5tTlcted fvnds Restrltted funds Fixed a55ets Ojrrentassets Current118bS1itles 1.928.647 650A90 1173,3791 1,928,647 673.650 1173,3791 1,906,810 481,263 1120.2811 23.160 1405.758 23.160 2.428,918 267,792 Page 23 contynued... WESYWIGHTSPORTSAND COMMUNffVCfNThE TRUSTLIMITEP NOTEsfoTHE FINAIICIAL5TATEMEiifs. contknued FOR TrIEYEAR ENDED 31 MARCH 2024 MOVEMENT IN FiINDS Net movement in fund5 Transfers befftn funds At l.Q23 31.3.24 Unre5trtctedfurM General funfl Fixed asset fijnd CDnli￿enCy fund 185.949 1,906,810 150.CQO 163.136 144,1091 121,9741 65,946 327,111 1.928,647 150.( 2,242.759 119,027 43.972 1405.758 Ro#rkt*dfvTh4s Communrty Connector Kick OutThe Calorles Changing Plaos 22.272 2,761 11,8731 20,399 2,761 43,972 143.9721 25.033 42.099 1432721 23,160 TOTALFUNDS 2,267,792 161,126 2.428,918 Net rno¥ernent In funds, included in theabove a￿ as follovJ5'. Incomt resources Resource5 expended Moven)ent In funds Vnre5trKtedfund5 General lund Flxed assetfund 1,160,237 97,1011 144.1091 163,136 144,1091 1.160,237 11,041,2101 JJ9.027 commun￿ Connector Chan8lnR Places 50,338 45.999 152,2111 110271 {1,8731 43.972 96,337 154,2381 42.099 TOTAL FUN05 1.2S6,574 IL095.4481 161.126 Page 24 continued... WE5TWIGHTSPOR15AhtDCOMMUNfrYcEt4TrE TRUSTLIMITED NOTESTOThE FIt4ANCIALsfAIEMENTS.¢•ntlnued FOR TrIE YEAR ENDED 31WStCH 2024 MOVEMENT AN FUNDS. conthwed Net Trdnsfers movement between la funds l￿d$ At 31.323 At IA.22 Gènèralfund Fbxed assetfvnd ContingÈntyfurKI 204,643 1,923517 150& 8,192 143,5931 126.8861 2Q886 185,949 I￿06,810 1S0,OC 2.278,160 135.4011 2242,759 Restrfrted funds CommunFtyConnect¢r K(tk OutThe Calorfe5 971 2,761 21,301 22.272 761 3.732 21.301 25.033 TOTALFUNDS 2.281,892 114,IODI 2.267,792 Compantive net movErnent In funds. included In the above are as follows., Inwrnlng resources Resourtes Movement in funds unre5￿Ckd funds Generol fvnd Fixed asset fvnd 898,475 1890,2B31 143.5931 8.192 143.5931 898,475 1933B761 135,40JI Restrl¢trd funds CommvNIty Ckknnertor 61,326 110,0251 21,301 TOTAL FUNDS 959,801 19733011 114.1001 Vbvestrltted Funds The r￿ed &set fund represents the net book value of ftted asset5 a¥aTlotAe for the unrestritted ptsrpose5 of the tharity. These amets, ¢¢)mprising in large part of the prDperty the centre operates from, are e￿Nial to the runnlnq Df the charitybutdo not represent Ilquld funds the ch3rltycan u5Qto cover running ￿$t& The fepalrs conJnwKy fund rep￿sentS funds set aside as pmwsicn 8£ainst s)otential repairs costs artsiry In respect of the tentre. The fund Is rewewed annually by the trustee$ antl takes in to a￿ount the mtiintefia￿e plan andcurrentcosts of recent expenditure. Paze 25 continued... WE5TWIGHfspoRYS ANO COMMUNificEP4TRE TrUSTUMITED NOTESTO THE FINANOALSTAYEMENTS. ¢ont4wed FOR THEYEAR ENDED JI MARCH 2024 MOVEMENf IN FU14DS. contlnued The Community Connector fund 15 for the p￿￿lS1On of an employee to 5UPPOrt commvnity membefs who are Isolated. getting them more Involved In themrnmunlty and helpin8thern to achieve their idea of a good16fe. The Klck Out tht Calories fund is for the delfvery of a football lea8uè fo¥ 4duh5 who want to be morE acll¥e. more often.Thealm of the league lsto helpthose adults8*fitter, lose weight and enjoy playingfootball. The Chan¥ln6 Place5 fvnd has been proyided for the bulldlng and syovlsk>n of In ac￿$$[ble t4ilet In the tentre. Transfers betweenfiMKIs £44,287 was transfefred frorn the Changing Pl￿5 fvnd, and £21.66012023- £26,886) from the General fund to the Fixed Asset reserye reflectin8 the cost of equlpmerrt purchased dttr5n8theyearbythe5e funds. £315 was transferred fmm ihe Gene￿[ fund to the Ch2nElng Pl￿5 fund w cover expe¥kses on the rest￿cted fur%1 in extess ol funds recieved In the year, although It 55 antlclpated that these funds will be recouped from addliional festricted fundinB 50ll8htforchan8l￿ Haces. zi. RELATED PARTYDISCL05VRE5 There were no related partytrdnsactions fortheyear ended 31 March 2024. Page 26