``` REGISTERED COMPANY NUMBER: 01266607 (England and Wales) REGISTERED CHARITY NUMBER: 273334 ``` ## **`REPORT OF THE TRUSTEES AND`** ## **`FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025`** ## **`FOR`** ## **`WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED`** ``` MC Audit Limited Chartered Accountants Statutory Auditors Station House North Street Havant Hampshire PO9 1QU ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025`** ||**`Page`**|| |---|---|---| |**`Report of the Trustees`**|`1 to`|`6`| |**`Report of the Independent Auditors`**|`7 to`|`9`| |**`Statement of Financial Activities`**|`10`|| |**`Balance Sheet`**|`11`|| |**`Cash Flow Statement`**|`12`|| |**`Notes to the Cash Flow Statement`**|`13`|| |**`Notes to the Financial Statements`**|`14 to`|`26`| |**`Detailed Statement of Financial Activities`**|`27 to`|`28`| ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ``` REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ``` ``` The Trustees who are also Directors of the charity for the purposes of the Companies Act 2006, present their report with the financialstatementsof the charityfor the yearended31 March2025.The Trusteeshaveadoptedthe provisions of AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and Aims`** ``` The objectivesof the charityare to providefacilitiesfor recreation,or otherleisuretime occupation,by the public. The principalactivitiesarethemanagementandrunningofWestWightSportsandCommunityCentre,Freshwater,Isle of Wight for the benefit of clubs and the public. ``` ``` To this end the aims and objectives of the charity for the year were to: ``` - `Continue to provide a range of sports, including swimming to the community and to increase participation.` - `Increase the opportunities for the achievement of excellence in sport.` - `Develop further links within the community, encouraging and supporting healthy lifestyles.` - `Working in partnership with other agencies to provide support and information to the local community.` - `Assess the environmental impact of our business and continue to strive to reduce it.` ## **`Public benefit`** ``` Thecompany'scharitablestatusembodiestheprovisionofsocialwelfareandfacilitiesforrecreationforthe public benefit.Inshapingourobjectivesfortheyearandplanningouractivities,theTrusteeshaveconsideredthe Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity’. ``` ## **`ACHIEVEMENTS AND PERFORMANCE`** ## **`Review of activities`** ``` The year ending 31 March 2025 has been a good one for West Wight Sports & CommunityCentre. Our gross turnover is now £1.26 million, membership has increased to almost 1,000 members and participation rates have never been higher. ``` ``` On behalfof theBoardof Trustees,I wouldliketo thankClareGriffin,theCentreManager,JasonFennimore, Shannon Kilcullenand the whole team for their hard work and commitment,which has made WWSCC such an importantasset to thecommunityintheWestWight.Wearehereforeveryoneandithasbeengreattoseesuchabroadspectrum of society using our facilities every day of the week. ``` ``` TheteamhasbeenstrengthenedbytheappointmentofaHealth&SafetyManager(MichellePitman)todevelop our safety culture and a Business Transformation Lead (Nikki Meeking) to drive our change and efficiency initiatives. ``` ``` I would also like to highlightthe work of Adam Tucker, our CommunityConnector,who is often the first point of contact for many in need. He fulfils multiple roles, supporting vulnerable people and helping them access support services. ``` ``` Below are some of the highlights from the year to show the range of our activities: ``` ``` - The number of people playingpickleballcontinuesto grow and grow. We employeda dedicatedcoach (Kay Montagu), held group coaching sessions and hosted a Pickleball Festival ``` ``` -TheSolentSwiminSeptemberraised£27,000with51swimmers.Manythankstothe30kayakers,boat crews, FreshwaterLifeboat,NeedlesCoastwatch,themanyvolunteersandCaptain'sCabinformakingitallpossible. This remains our biggest, single fund-raising event ``` ``` Page 1 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ``` REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ``` ``` - The installation of PV panels and triple glazing (by the pool) to reduce our energy costs ``` ``` -WetookpartinDrowningPreventionWeekinJunewith700childrenparticipating-onemeasuretocounteract a worrying decline in state school swimming provision ``` ``` - A partnership with Freshwater Bay Golf Club to provide golf lessons for children ``` ``` - New activities offered include youth boxing, walking basketball and a dedicated exercise class for pregnancy ``` ``` - Installation of a Changing Places Toilet for disabled users ``` ``` - A partnership with Parkinson's UK to deliver exercise classes for those with Parkinson's Disease ``` ``` -PSI(PosturalStabilityInstructor)trainedstaff,thankstoShannonKilcullen'sefforts,wherebyNHSphysiosare now directlyreferringpatientsdirectlytous.WehavebeencreditedforworkwithaquatictherapyatCharteredSociety of Physiotherapy Conference ``` ``` ThanksgotoTotlandParishCouncil,YarmouthTownCouncilandShalfleetParishCouncilfortheirfinancial support. Thanksalso go to YarmouthHarbourCommissionersand Hampshire& IOW CommunityFund for their grantsrelated to pickleballandyouthboxing.WereceivedmoneyfromTescoGroundworksforachildren'sgardeningprojectand one generous individual donated £27,500. ``` ``` Thankstoprudentmanagementandaclosecontroloncosts,theCentremanagedtoproduceamodest operating surplus. ``` ``` TherehavebeenafewchangesintheBoardofTrustees.ItookoverasChairinOctober2024fromGillKennett, who served13yearsinthatrole!ThankfullyshehasagreedtocontinueservingasaTrustee.AnnFreemanhastaken over fromMarkWebberasViceChair,thoughhetooremainsontheBoard.WewerejoinedbyAlanDowie(attheend of March2024)andChloeSearl(July2024).WesaidgoodbyetoGeorgeCameronandPaddyNoctorwhostepped down duetoothercommitments.GeorgeThomsonhasalsoresignedbutwillremainourHonoraryPresident.Michael Coyle andJohnHowehavesubsequentlylefttheBoardofTrusteesinthiscurrentFinancialYear,butwehopetomake an announcement on new Trustees shortly. ``` ``` As to the future,we do have a few challengesfor the comingyear(2025-6).Increasesin Employers'National Insurance Contributionand the Minimum Wage have raised our costs significantly.Consequently,we have been forced to raise our prices whilst simultaneously trying to maintain our policy of 'affordability' and access for as many users as possible. ``` ``` Finally,athankyoutoallourvolunteers,donors,helpers,supporters,members,customers,visitors,trustees and advocates who help make West Wight Sports & Community Centre what it is today. ``` ## **`Fundraising`** ``` Thecharityco-ordinatesfundraisinginternallyanddoesnotemployanyexternalfundraisingagencies.The fundraising does not involve contactingor pursuingspecificindividualsfor donations.The charityworked to ensure that fundraising wasappropriateandwascarriedoutincompliancewithGDPR.Nocomplaintshavebeenreceivedinrespect of fundraising. ``` ## **`FINANCIAL REVIEW`** ## **`Financial Review`** ``` Totalincomefor the year amountedto £1,259,612(2024:£1,256,574).Costs of generatingfundsamountedto £50,232 (2024:£51,325)andcostsofcharitableactivitiesamountedto£1,105,364(2024:£1,044,123).Unrestricted and restrictedfundscarriedforwardattheendoftheyearamountedto£2,529,479(2024:£2,405,758)and£3,255 (2024: £23,160) respectively. ``` ``` Page 2 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`** ## **`FINANCIAL REVIEW`** ## **`Reserves policy`** ``` The charitiesreserves,being definedas the unrestrictedfundsof the charitywhichare freelyavailableto spendon any of the charity's purposes, are made up as follows: ``` ||`2025`|`2024`| |---|---|---| ||`£`|`£`| |||| |`Net assets`|`2,532,734`|`2,428,918`| |||| |`Less:`||| |`Fixed assets`|`1,975,617`|`1,928,647`| |`Restricted funds`|`3,256`|`23,160`| |||| |`Reserves available`|`553,861`|`477,111`| |||| ``` Fixedassetsrepresentthebookvalueoftheland,buildingsandequipmentusedintheoperationofthecentre, and whilstthevalueissubstantialtheseareessentialtotheoperationsofthecentreandcannotbeliquidatedto provide furtheroperatingfunds.Restrictedfundsaregrantsanddonationsreceivedforspecificpurposesasoutlinedin the notes to the accounts and can only be expended for the purpose for which they were donated. ``` ``` Reservesareessentialto therunningof thecentre,andin ensuringit continuesto meettheneedsof itsusersand the community.The reserves are used to provideworkingcapitalfor the day to day runningof the centre,ensure there is a financialsafetynet for any unexpectedrequirementsand to providefor the potentialand occasionallysubstantial costs required in maintaining the centre. ``` ``` Reservesheldattheyearendhaveimprovedandarebackuptoalevelwheretheycoverapproximatelysix months operatingcostsforthecentre.Thetrusteesfeelitisprudenttoaimtoincreasereservestocoverapproximately nine months operating expenditure. ``` ``` IncludedwithinreservesisaRepairsContingencyfundof£150,000attheyearend.Thesearefundsthatare available for generalspendingpurposes,butwhichthe trusteesfeel it is prudentto set to coverthe potentiallysubstantial costs ofunplannedrepairsandreplacementtopoolandotherequipmentnotcoveredbytheannualrolling maintenance programme. During the year pool equipment costing over £60,000 had to be replaced, the costs of this are being written off in the accountsover ten years, but the cash expenditurefor these costs had to be paid from free reserves in full this year. ``` ## **`FUTURE PLANS`** ``` Weneedtoensurethatourfacilitiescanmeettheever-increasingdemandandwearethereforelookingatmeans to providemorecapacity.We shallbeinvestinginnewsoftwaretoenableevenmorechildrentohaveswimming lessons overalongerperiod.Thepool,whichisattheheartofwhatwedowillsoonbecelebratingits50thbirthday. Our assumptionis that it won't celebrate its 100th, so between now and then we need to ensure we can continueto provide the amenity which is essential to all in the West Wight. Planning for that is already underway. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` WestWightSportsandCommunityCentreTrustLimitedisacompanylimitedbyguaranteegovernedby its Memorandumand Articlesof Associationdated11 March 1976 as amended17 March 1977. It has been registeredas a charity with the Charity Commission since 29 April 1977. ``` ``` Page 3 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ``` REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Charity constitution`** ``` ThecharityisgovernedbytheCouncilofmanagementmadeupoftheTrusteesofthecharity.Allmembersof the councilaredirectorsandmembersofthecompanyandarereferredtoasTrusteesthroughouttheaccounts in accordancewith applicablelaw. Their liabilityin the eventof windingup the companywouldamountto £10,being the amount of the guarantee. No member held any interest in the company during the two years prior to 31 March 2025. ``` ## **`Recruitment and appointment of new trustees`** ``` Membersof the councilof managementare electedat the AnnualGeneralMeetingto serve for an initial3 year period after which they are eligible to stand for re-election.A third of the Trustees stand down at each Annual General Meeting butcanstandforre-election.Prospectivemembersofthecouncilareinitiallyapproachedbyamemberofthe board prior to nominationbeing proposed at the annual general meeting. Subject to such proposal receiving the full support of theboard,theproposednewtrusteeisinvitedtojointheboardandfollowingtheiracceptanceisfullybriefedas to charitymattersand the aims and objectivesof the charityat the first board meeting at which they attend.Any member co-optedasaTrusteeintheinterveningperiodissubjecttoratificationatthenextAnnualGeneralMeeting. Trustee Guidelines have been produced and issued to all existing and prospective Trustees. ``` ## **`Organisational structure`** ``` The Councilof Management(or Board of Trustees)meets on a quarterlybasis to considerrelevantissues relatingto the charity.There are also 3 sub-committeesfor Finance,Operations& Staffingand StrategicDevelopmentwhich also meet quarterlyandreporttothesubsequentfullBoardMeeting.Acentremanagerisappointedbythecouncil of management to manage the strategic and day to day operations of the charity. ``` ## **`Risk management`** ``` Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate controls are in place to provide reasonable assurance against fraud and error. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`** ``` 01266607 (England and Wales) ``` ## **`Registered Charity number`** ``` 273334 ``` ## **`Registered office`** ``` Moa Place Freshwater Isle of Wight PO40 9XH ``` ``` Page 4 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`** ## **`Trustees`** |**`Trustees`**|| |---|---| |`Dr G Thomson`|`- President (resigned 24.04.25)`| |`Mrs G Kennett MBE`|| |`Mr J B Awty`|| |`Mr J Howe`|`(resigned 24.04.25)`| |`Mr D Hancock`|| |`Mr C E Fleury`|`(resigned 04.04.24)`| |`Mr M J Webber`|| |`Mr M Coyle`|`(resigned 24.04.25)`| |`Mr P Noctor`|`(resigned 24.04.25)`| |`Mr G Cameron`|`(resigned 28.11.24)`| |`Mr R Barton-Wood`|| |`Mrs A Freeman`|`- Vice-Chair`| |`Mr R G Ryan`|`- Chair`| |`Ms C Searl`|`(appointed 25.07.24)`| |`Mr A Dowie`|| ## **`Auditors`** ``` MC Audit Limited Chartered Accountants Statutory Auditors Station House North Street Havant Hampshire PO9 1QU ``` ## **`Bankers`** ``` Lloyds TSB Plc 22 St. Thomas' Square Newport Isle of Wight PO30 1SQ ``` ## **`Accountants`** ``` Bright Brown Limited Exchange House St. Cross Lane Newport Isle of Wight PO30 5BZ ``` ## **`Centre manager`** ``` Clare Griffin ``` ## **`STATEMENT OF TRUSTEES' RESPONSIBILITIES`** ``` The trustees(who are also the directorsof West WightSportsand CommunityCentreTrustLimitedfor the purposes of companylaw) are responsiblefor preparingthe Reportof the Trusteesand the financialstatementsin accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). ``` ``` Page 5 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025`** ## **`STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued`** ``` Companylaw requiresthe trusteesto preparefinancialstatementsfor each financialyear.Under thatlaw, the trustees haveelectedtopreparethefinancialstatementsinaccordancewithUnitedKingdomGenerallyAccepted Accounting Practice (United Kingdom Accounting Standards and applicable law). ``` ``` Undercompanylawthetrusteesmustnotapprovethefinancialstatementsunlesstheyaresatisfiedthattheygive a trueandfairviewofthestateofaffairsofthecharitablecompanyandoftheincomingresourcesandapplication of resources,includingthe income and expenditure,of the charitablecompanyfor that period. In preparingthose financial statements, the trustees are required to ``` - `select suitable accounting policies and then apply them consistently;` - `observe the methods and principles in the Charities SORP;` - `make judgements and estimates that are reasonable and prudent;` - `prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.` ``` The trustees are responsiblefor keeping proper accountingrecords which disclose with reasonableaccuracyat any time the financialposition of the charitablecompany and to enable them to ensure that the financialstatementscomply with the CompaniesAct 2006. They are also responsiblefor safeguardingthe assets of the charitablecompanyand hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ``` ``` In so far as the trustees are aware: ``` - `there is no relevant audit information of which the charitable company's auditors are unaware; and` - `the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.` ## **`AUDITORS`** ``` The auditors, MC Audit Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. ``` ``` Approved by order of the board of trustees on 30 October 2025 and signed on its behalf by: ``` ``` Robert G Ryan - Trustee ``` ``` Page 6 ``` ``` REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ## **`Opinion`** ``` WehaveauditedthefinancialstatementsofWestWightSportsandCommunityCentreTrustLimited(the 'charitable company')fortheyearended31March2025whichcomprisetheStatementofFinancialActivities,theBalance Sheet, theCashFlowStatementandnotestothefinancialstatements,includinga summaryof significantaccounting policies. ThefinancialreportingframeworkthathasbeenappliedintheirpreparationisapplicablelawandUnited Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). ``` ## `In our opinion the financial statements:` - `give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;` - `have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and` - `have been prepared in accordance with the requirements of the Companies Act 2006.` ## **`Basis for opinion`** ``` We conductedour audit in accordancewith InternationalStandardson Auditing(UK) (ISAs (UK)) and applicablelaw. Our responsibilitiesunder those standardsare further describedin the Auditors'responsibilitiesfor the audit of the financial statementssectionofourreport.Weareindependentofthecharitablecompanyinaccordancewiththe ethical requirementsthatarerelevanttoourauditofthefinancialstatementsintheUK,includingtheFRC'sEthical Standard, and we have fulfilled our other ethical responsibilitiesin accordancewith these requirements.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ``` ## **`Conclusions relating to going concern`** ``` In auditingthe financialstatements,we haveconcludedthatthe trustees'use of the goingconcernbasisof accounting in the preparation of the financial statements is appropriate. ``` ``` Basedontheworkwehaveperformed,wehavenotidentifiedanymaterialuncertaintiesrelatingtoevents or conditionsthat, individuallyor collectively,may cast significantdoubt on the charitablecompany'sabilityto continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. ``` ``` Ourresponsibilitiesandtheresponsibilitiesofthetrusteeswithrespecttogoingconcernaredescribedinthe relevant sections of this report. ``` ## **`Other information`** ``` The trustees are responsiblefor the other information.The other informationcomprises the informationincludedin the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. ``` ``` Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttotheextent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. ``` ``` In connectionwith our audit of the financialstatements,our responsibilityis to read the other informationand, in doing so,considerwhethertheotherinformationismateriallyinconsistentwiththefinancialstatementsorour knowledge obtainedintheauditorotherwiseappearstobemateriallymisstated.Ifweidentifysuchmaterialinconsistencies or apparentmaterialmisstatements,wearerequiredtodeterminewhetherthisgivesrisetoamaterialmisstatement in thefinancialstatementsthemselves.If,basedontheworkwehaveperformed,weconcludethatthereisa material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ``` ## **`Opinions on other matters prescribed by the Companies Act 2006`** ``` In our opinion, based on the work undertaken in the course of the audit: ``` - `the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and` - `the Report of the Trustees has been prepared in accordance with applicable legal requirements.` ``` Page 7 ``` ``` REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ## **`Matters on which we are required to report by exception`** ``` In the lightof the knowledgeand understandingof the charitablecompanyand its environmentobtainedin the course of the audit, we have not identified material misstatements in the Report of the Trustees. ``` ``` We havenothingtoreportinrespectofthefollowingmatterswheretheCompaniesAct2006requiresustoreport to you if, in our opinion: ``` - `adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or` - `the financial statements are not in agreement with the accounting records and returns; or` - `certain disclosures of trustees' remuneration specified by law are not made; or` - `we have not received all the information and explanations we require for our audit; or` - `the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.` ## **`Responsibilities of trustees`** ``` AsexplainedmorefullyintheStatementofTrustees'Responsibilities,thetrustees(whoarealsothedirectorsof the charitablecompanyforthepurposesofcompanylaw)areresponsibleforthepreparationofthefinancial statements andforbeingsatisfiedthattheygiveatrueandfairview,andforsuchinternalcontrolasthetrusteesdetermine is necessarytoenablethepreparationoffinancialstatementsthatarefreefrommaterialmisstatement,whetherdue to fraud or error. ``` ``` Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharitablecompany'sability to continueasagoingconcern,disclosing,asapplicable,mattersrelatedtogoingconcernandusingthegoing concern basis of accountingunless the trustees either intend to liquidatethe charitablecompanyor to cease operations,or have no realistic alternative but to do so. ``` ## **`Our responsibilities for the audit of the financial statements`** ``` Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasawholearefree from materialmisstatement,whetherdue to fraudor error,andto issuea Reportof the IndependentAuditorsthat includes ouropinion.Reasonableassuranceisahighlevelofassurance,butisnotaguaranteethatanauditconducted in accordancewith ISAs (UK) will always detect a material misstatementwhen it exists. Misstatementscan arise from fraud or error and are consideredmaterialif, individuallyor in the aggregate,theycouldreasonablybe expectedto influence the economic decisions of users taken on the basis of these financial statements. ``` ``` The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: ``` ``` As part of our audit procedures,we held discussionswith managementand those charged with governanceto obtain an understandingoftheentityanditsoperations.Thesediscussionsincludedmanagement'sassessmentofkey risks, including irregularities, the potential for fraud, and the organisation's ability to continue as a going concern. ``` ``` Based on these discussions and our independent risk assessment, we identified the key areas of audit focus as: - Income recognition, particularly in relation to timing and cut-off issues. ``` - `Management override of controls, considering the size and structure of the organisation.` ``` Wedeterminedoverallfinancialstatementmaterialitybasedonincomelevels,asthisisconsideredthemost relevant benchmarkforanot-for-profitentity.Performancematerialitywassetatanappropriatelevel,reflectingour risk assessment. ``` ``` Ourauditapproachincludedtestingofinternalcontrolsandthedesignandexecutionofsubstantiveprocedures. The internalcontrolsystemsinplace,designedtopreventanddetectfraudanderror,werefoundtobeoperating as intended.Substantivetestingwasperformedonarepresentativesampleanddidnotidentifyany material misstatements. ``` ``` Page 8 ``` ## **`REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED`** ``` Basedonoursubstantiveauditwork,nomaterialerrorswereidentifiedinthekeyareasofincomerecognition or management override of controls. ``` ``` Wealsoconsideredtheorganisation'scompliancewithapplicablelawsandregulationsandfoundnoevidence to suggest a material risk of non-compliance that would affect the financial statements. ``` ``` Managementhas concludedthat the entityis a going concern.We have reviewed supportingbudgetsand management accounts and found no evidence to contradict this assessment. ``` ``` A further descriptionof our responsibilitiesfor the audit of the financialstatementsis located on the Financial Reporting Council'swebsiteatwww.frc.org.uk/auditorsresponsibilities.ThisdescriptionformspartofourReportof the Independent Auditors. ``` ## **`Use of our report`** ``` This reportis madesolelyto the charitablecompany'smembers,as a body,in accordancewithChapter3 of Part16 of theCompaniesAct2006.Ourauditworkhasbeenundertakensothatwemightstatetothecharitable company's members those matterswe are requiredto state to them in an auditors'report and for no other purpose.To the fullest extentpermittedbylaw,we donotacceptorassumeresponsibilitytoanyoneotherthanthecharitablecompany and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. ``` ``` P Underwood (Senior Statutory Auditor) for and on behalf of MC Audit Limited Chartered Accountants Statutory Auditors Station House North Street Havant Hampshire PO9 1QU ``` ``` 12 November 2025 ``` ``` Page 9 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ## **`STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025`** |`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
**`Charitable activities`**
`5`
`Centre operations`
`Other trading activities`
`3`
`Investment income`
`4`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
`6`
**`Charitable activities`**
`7`
`Centre operations`
**`Total`**
**`NET INCOME`**
**`Transfers between funds`**
`20`
**`Net movement in funds`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`funds`
`£`
`95,351`
`908,332`
`91,442`
`23,782`
`1,118,907`
`50,232`
`1,030,803`
`1,081,035`
`37,872`
`85,849`
`123,721`
`2,405,758`
`2,529,479`|`Restricted`
`funds`
`£`
`140,705`
`-`
`-`
`-`
`140,705`
`-`
`74,761`
`74,761`
`65,944`
`(85,849)`
`(19,905)`
`23,160`
`3,255`|`2025`
`Total`
`funds`
`£`
`236,056`
`908,332`
`91,442`
`23,782`
`1,259,612`
`50,232`
`1,105,564`
`1,155,796`
`103,816`
`-`
`103,816`
`2,428,918`
`2,532,734`|`2024`
`Total`
`funds`
`£`
`340,393`
`805,608`
`96,557`
`14,016`| |---|---|---|---|---| |||||`1,256,574`| |||||`51,325`
`1,044,123`| |||||`1,095,448`| |||||`161,126`
`-`| |||||`161,126`
`2,267,792`| |||||`2,428,918`| ``` The notes form part of these financial statements ``` ``` Page 10 ``` ## **`WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED (REGISTERED NUMBER: 01266607)`** ## **`BALANCE SHEET 31 MARCH 2025`** |`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`14`
**`CURRENT ASSETS`**
`Stocks`
`15`
`Debtors`
`16`
`Cash at bank and in hand`
**`CREDITORS`**
`Amounts falling due within one year`
`17`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`20`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`2025`
`£`
`1,975,617`
`5,591`
`61,576`
`570,668`
`637,835`
`(80,718)`
`557,117`
`2,532,734`
`2,532,734`
`2,529,478`
`3,256`
`2,532,734`|`2024`
`£`
`1,928,647`
`5,790`
`38,506`
`629,354`| |---|---|---| |||`673,650`
`(173,379)`| |||`500,271`| |||`2,428,918`| |||`2,428,918`| |||`2,405,758`
`23,160`| |||`2,428,918`| ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies subject to the small companies regime. ``` ``` The financialstatementswere approved by the Board of Trustees and authorisedfor issue on 30 October 2025 and were signed on its behalf by: ``` ``` Robert G Ryan - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 11 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ## **`CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025`** |`Notes`
**`Cash flows from operating activities`**
`Cash generated from operations`
`1`
`Interest paid`
`Net cash provided by operating activities`
**`Cash flows from investing activities`**
`Purchase of tangible fixed assets`
`Interest received`
`Net cash used in investing activities`
**`Change in cash and cash equivalents in the`**
**`reporting period`**
**`Cash and cash equivalents at the beginning`**
**`of the reporting period`**
**`Cash and cash equivalents at the end of the`**
**`reporting period`**|`2025`
`£`
`16,265`
`-`
`16,265`
`(98,733)`
`23,782`
`(74,951)`
`(58,686)`
`629,354`
`570,668`|`2024`
`£`
`260,981`
`(38)`
`260,943`
`(65,946)`
`14,016`
`(51,930)`
`209,013`
`420,341`
`629,354`| |---|---|---| ``` The notes form part of these financial statements ``` ``` Page 12 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ## **`NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025`** |**`1.`**
**`RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES`**
`2025`
`£`
**`Net income for the reporting period (as per the Statement of Financial`**
**`Activities)`**
`103,816`
**`Adjustments for:`**
`Depreciation charges`
`51,763`
`Interest received`
`(23,782)`
`Interest paid`
`-`
`Decrease in stocks`
`199`
`(Increase)/decrease in debtors`
`(23,070)`
`(Decrease)/increase in creditors`
`(92,661)`
**`Net cash provided by operations`**
`16,265`|`2024`
`£`
`161,126`
`44,109`
`(14,016)`
`38`
`4,760`
`11,866`
`53,098`
`260,981`| |---|---| |**`2.`**|**`ANALYSIS OF CHANGES IN NET FUNDS`**|||| |---|---|---|---|---| |||`At 1.4.24`|`Cash flow`|`At 31.3.25`| |||`£`|`£`|`£`| ||**`Net cash`**|||| ||`Cash at bank and in hand`|`629,354`|`(58,686)`|`570,668`| |||`629,354`|`(58,686)`|`570,668`| ||**`Total`**|`629,354`|`(58,686)`|`570,668`| ``` The notes form part of these financial statements ``` ``` Page 13 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ``` NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ``` ## **`1. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been preparedin accordancewith the CharitiesSORP(FRS 102)'AccountingandReportingby Charities:Statement of RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1 January2019)', Financial ReportingStandard102'TheFinancialReportingStandardapplicablein theUK andRepublicof Ireland'and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ``` ## **`Going concern`** ``` Thetrusteesconsiderthattherearenomaterialuncertaintiesaboutthecharity’sabilitytocontinueasa going concern. Accordingly they continue to adopt the going concern concept in preparing these financial statements. ``` ## **`Income`** ``` IncomeisrecognisedintheStatementofFinancialActivities,netofVATifapplicable,oncethecharity has entitlementtothefunds,itisprobablethattheincomewillbereceivedandtheamountcanbe measured reliably. ``` ``` Incomerecievedforeventsthatwillnottakeplaceintheyearisdeferredandshownwithincreditorsto be recognised as income in the year the event takes place. ``` ``` Incomerecievedinadvanceformembershiptothecentreisrecognisedovertheperiodoftimetowhich the membershiprelates,withtheelementrelatingtothefollowingyearbeingdeferredandshownwithin creditors at the year end. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the charityto that expenditure,it is probablethat a transferof economicbenefitswill be requiredin settlement and the amount of the obligationcan be measured reliably. Expenditureis accountedfor on an accruals basis and has beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of resources. ``` ``` ExpenditureisrecordednetofVAT.ThecharityissubjecttopartialexemptionforVAT.IrrecoverableVAT is shownseparatelyinthestatementoffinancialactivitiesunlessitrelatestotangiblefixedassetswhenit is charged against the same category of asset as the cost to which it relates. ``` ## **`Tangible fixed assets`** ``` Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful life. ``` |`Long leasehold`|`- Over the period of the lease`| |---|---| |`Improvements to property`|`- Over the period of the lease`| |`Plant and machinery`|`- Straight line over 3 to 20 years`| ``` Ateachbalancesheetdate,thecharityreviewsthecarryingamountsofitsproperty,plantandmachinery to determinewhetherthereisanyindicationthatanyitemsofproperty,plantandmachineryhavesuffered an impairmentloss.Ifanysuchindicationexists,therecoverableamountofanassetisestimatedinorder to determine the extent of the impairmentloss, if any. Where it is not possible to estimate the recoverable amount oftheasset,theCompanyestimatestherecoverableamountofthecash-generatingunittowhichthe asset belongs. ``` ``` continued... ``` ``` Page 14 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ``` ## **`1. ACCOUNTING POLICIES - continued`** ## **`Tangible fixed assets`** ``` Iftherecoverableamountofanassetisestimatedtobelessthanitscarryingamount,thecarryingamount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately. ``` ``` Whereanimpairmentlosssubsequentlyreverses,thecarryingamountoftheassetisincreasedtothe revised estimateofitsrecoverableamount,totheextentthattheincreasedcarryingamountdoesnotexceed the carryingamountthatwouldhavebeendetermined(netofdepreciation)hadnoimpairmentloss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately. ``` ## **`Stocks`** ``` Stocks are valued at the lower of cost and net realisablevalue, after making due allowancefor obsolete and slow moving items. ``` ## **`Taxation`** ``` Incomearisingfromcentreoperationsisconsideredtobegeneratedinfurtheranceoftheprimarypurposes of the centre, and is therefore, exempt from corporation tax. ``` ``` Incomearisingfromactivitiestogeneratefundsisconsideredtoarisefromactivitiesancillarytothe charitable purposeof the centre,or fall withinthe boundsof the HM RevenueandCustoms"smalltradingexemption" for charities, and are therefore, exempt from corporation tax. ``` ## **`Fund accounting`** ``` Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ``` ``` Designatedfunds representfunds set aside by the trustees out of unrestrictedfunds for specific future purposes or projects. ``` ``` Restricted funds can only be used for particularrestricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ``` Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ``` ## **`Leasing commitments`** ``` Rentals paid under operating leases are charged to resources expended evenly over the term of the lease. ``` ## **`Financial instruments`** ``` Thecompanyonlyentersintobasicfinancialinstrumentstransactionsthatresultintherecognitionof financial assetsandliabilitiesliketradeandotheraccountsreceivableandpayable,loansfrombanksandother third parties and loans to related parties and investments in non-puttable ordinary shares. ``` ## **`Cash and cash equivalents`** ``` Cash and cash equivalentscomprisecashat bankand on hand,depositswith banksand othershort-term highly liquidinvestmentsandbankoverdrafts.Inthebalancesheet,bankoverdraftsareshownwithinborrowings or current liabilities. ``` ## **`Pension costs and other post-retirement benefits`** ``` continued... ``` ``` Page 15 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ``` ## **`1. ACCOUNTING POLICIES - continued`** ``` Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the charitablecompany'spension scheme are charged to the Statementof FinancialActivitiesin the period to which they relate.creditors ``` ## **`Trade and other debtors`** ``` Tradeandotherdebtorsthatarereceivablewithinoneyearanddonotconstituteafinancingtransaction are recordedattheundiscoveredamountexpectedtobereceived,netofimpairment.Thosethatare receivable aftermorethanoneyearorthatconstituteafinancingtransactionarerecordedinitiallyatfairvalue less transaction costs and subsequently at amortised cost, net of impairment. ``` ## **`Trade and other creditors`** ``` Tradeandothercreditorsareinitiallyrecognisedatfairvalueandthereafterstatedatamortisedcostusing the effectiveinterestmethodunlessthe effectof discountingwouldbe immaterial,in whichcase theyare stated at cost. ``` ## **`Provisions and contingencies`** ``` Provisionsarerecognisedwhere,attheyearend,aneventhastakenplacethatgivesthecharityan obligation whereitisconsideredmorelikelythannotthatapaymentorothertransferofeconomicbenefitswill be required, but where the timing and amount of such payment are uncertain. ``` ``` Whererecognisedprovisionsarechargedtotheappropriateexpenseheadinginthestatementof financial activitiesintheyeartheyarerecognisedatthebestestimateofthelikelyamountpayable.Paymentsmade in settlementof the obligationare charged to the provision,and at the end of each year outstandingprovisions are reviewed and adjusted as necessary in line with best estimates at that time. ``` ``` Whereitisuncertainthatthereisanobligationattheyearend,itisconsideredmorelikelythannotthat no paymentwillberequired,oritisnotpossibletoreliablyestimatetheamountpayablenoprovisionwill be recognised in the accounts but a note of the circumstances arising will be recorded as a contingent liability. ``` ## **`2. DONATIONS AND LEGACIES`** |`Unrestricted`
`funds`
`£`
`Donations`
`37,351`
`Legacies`
`1,057`
`Grants`
`29,350`
`Sponsored events`
`27,593`
`95,351`|`Restricted`
`funds`
`£`
`-`
`-`
`140,705`
`-`
`140,705`|`2025`
`Total`
`funds`
`£`
`37,351`
`1,057`
`170,055`
`27,593`
`236,056`|`2024`
`Total`
`funds`
`£`
`63,652`
`106,989`
`143,770`
`25,982`| |---|---|---|---| ||||`340,393`| ``` continued... ``` ``` Page 16 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** ## **`2. DONATIONS AND LEGACIES - continued`** ``` Grants received, included in the above, are as follows: ``` |`Freshwater Parish Council`
`Totland Parish Council`
`Yarmouth Town Council`
`Shalfleet Parish Council`
`Hampshire & Isle of Wight Community Foundation (HIWCF)`
`Visit Isle of Wight`
`Isle of Wight Council`
`Yarmouth Harbour Commission`
`IW Foodbank`
`Aspire`
`Community Action IW`
`Changing Places`
`Sport England`
`Tesco`|`2025`
`£`
`-`
`16,000`
`9,350`
`3,000`
`5,000`
`-`
`1,000`
`5,000`
`-`
`20,000`
`14,554`
`8,336`
`86,315`
`1,500`
`170,055`|`2024`
`£`
`28,500`
`15,183`
`8,500`
`250`
`8,500`
`6,500`
`-`
`5,000`
`1,250`
`20,000`
`14,087`
`36,000`
`-`
`-`| |---|---|---| |||`143,770`| ``` Governmentgrantsincludedintheabove,includingfundsfromlocalandparishcouncilswere£115,665 (2024: £52,433). ``` ## **`3. OTHER TRADING ACTIVITIES`** |**`OTHER TRADING ACTIVITIES`**||| |---|---|---| |`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
`Cafe sales`
`40,571`
`-`
`Retail sales`
`7,887`
`-`
`Leased rentals`
`18,435`
`-`
`Car parking income`
`23,110`
`-`
`Other activities`
`1,439`
`-`
`91,442`
`-`|`2025`
`Total`
`funds`
`£`
`40,571`
`7,887`
`18,435`
`23,110`
`1,439`
`91,442`|`2024`
`Total`
`funds`
`£`
`37,214`
`8,497`
`22,456`
`23,487`
`4,903`| |||`96,557`| ``` continued... ``` ``` Page 17 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** |**`4.`**
**`INVESTMENT INCOME`**
`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
`Investment interest`
`23,782`
`-`
**`5.`**
**`INCOME FROM CHARITABLE ACTIVITIES`**
`Activity`
`Memberships and centre fees`
`Centre operations`
`Room hire`
`Centre operations`
**`6.`**
**`RAISING FUNDS`**
**`Raising donations and legacies`**
`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
`Fund raising expenses`
`106`
`-`
**`Other trading activities`**
`Unrestricted`
`Restricted`
`funds`
`funds`
`£`
`£`
`Purchases`
`26,559`
`-`
`Staff costs`
`23,101`
`-`
`Cafe expenses and equipment`
`466`
`-`
`50,126`
`-`
`Aggregate amounts`
`50,232`
`-`|`2025`
`Total`
`funds`
`£`
`23,782`
`2025`
`£`
`865,192`
`43,140`
`908,332`
`2025`
`Total`
`funds`
`£`
`106`
`2025`
`Total`
`funds`
`£`
`26,559`
`23,101`
`466`
`50,126`
`50,232`|`2024`
`Total`
`funds`
`£`
`14,016`
`2024`
`£`
`761,516`
`44,092`|`2024`
`Total`
`funds`
`£`
`14,016`| |---|---|---|---| |||`805,608`|| ||||`2024`
`Total`
`funds`
`£`
`1,220`
`2024`
`Total`
`funds`
`£`
`27,318`
`19,812`
`2,975`| ||||`50,105`| ||||`51,325`| ``` continued... ``` ``` Page 18 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** ## **`7. CHARITABLE ACTIVITIES COSTS`** |**`7.`**
**`CHARITABLE ACTIVITIES COSTS`**||| |---|---|---| |`Centre operations`
**`8.`**
**`DIRECT COSTS OF CHARITABLE ACTIVITIES`**
`Staff costs`
`Other operating leases`
`Rates and water`
`Insurance`
`Light and heat`
`Telephone`
`Postage and stationery`
`Advertising`
`Sundries`
`Chlorine and acid`
`Centre activities`
`Training`
`Cleaning and waste disposal`
`Repairs and renewals`
`Irrecoverable VAT`
`IT, software and consumables`
`Subscriptions`
`Bank charges and interest`
`Accountancy`
`Legal and professional fees`
`Bad debts`
`Audit`
`Depreciation`
`Interest payable and similar charges`|`2025`
`£`
`707,168`
`1`
`15,505`
`48,639`
`80,671`
`3,622`
`3,541`
`1,096`
`3,371`
`16,189`
`30,149`
`10,926`
`13,994`
`32,949`
`29,026`
`5,264`
`18,486`
`6,302`
`9,060`
`4,642`
`-`
`13,200`
`51,763`
`-`
`1,105,564`|`Direct`
`Costs (see`
`note 8)`
`£`
`1,105,564`| |||`2024`
`£`
`637,364`
`1`
`16,126`
`39,319`
`78,929`
`2,830`
`4,268`
`268`
`4,291`
`13,459`
`47,649`
`8,280`
`10,299`
`41,630`
`49,268`
`5,215`
`19,822`
`6,561`
`10,072`
`3,917`
`408`
`-`
`44,109`
`38`| |||`1,044,123`| ``` continued... ``` ``` Page 19 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** ## **`9. NET INCOME/(EXPENDITURE)`** ``` Net income/(expenditure) is stated after charging/(crediting): ``` ||`2025`|`2024`| |---|---|---| ||`£`|`£`| |`Depreciation - owned assets`|`51,763`|`44,109`| |`Other operating leases`|`1`|`1`| |`Auditors' remuneration`|`6,700`|`-`| |`Auditors' remuneration (prior year)`|`6,500`|`-`| ## **`10. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norforthe year ended 31 March 2024. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31March2025norfortheyear ended 31 March 2024. ``` ``` Trustee'sexpensestotalling£124wererepaidto1trusteeinrespectoftravelexpensesincurredduring the course of the charity's operations. ``` ## **`11. STAFF COSTS`** |`Wages and salaries`
`Social security costs`
`Other pension costs`|`2025`
`£`
`685,506`
`33,919`
`10,844`
`730,269`|`2024`
`£`
`618,595`
`31,803`
`6,778`| |---|---|---| |||`657,176`| ``` The average monthly number of employees during the year was as follows: ``` ||`2025`|`2024`| |---|---|---| |`Charitable activities`|`54`|`50`| ``` Remuneration to key management personnel was £133,843. ``` ``` No employees received emoluments in excess of £60,000. ``` ``` continued... ``` ``` Page 20 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ``` ## **`12. MATERIAL TRANSFERS`** ``` Restrictedfundexpenditureofacapitalnature,mainlythepurchaseofequipment,isincludedinfixed asset additions at the time of the purchase. ``` ``` An amountequal to the lower of the income received in respectof the equipmentor the cost of this equipment is transferredfrom the restrictedfund to the fixed asset fund,providedthat this equipmentmay be used by the charity for its general application. ``` ``` Depreciationon thisequipmentwill be chargedagainstthe fixedassetfund.A transferfrom the restricted fund tothefixedassetfundwillnotbemadeforfixedassetadditionsthatarenotcapableofbeingusedby the charity for general purposes. Depreciation in respect of this type of asset will be charged against restricted funds. ``` ## **`13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`** |**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
**`Charitable activities`**
`Centre operations`
`Other trading activities`
`Investment income`
**`Total`**
**`EXPENDITURE ON`**
`Raising funds`
**`Charitable activities`**
`Centre operations`
**`Total`**
**`NET INCOME`**
**`Transfers between funds`**
**`Net movement in funds`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`funds`
`£`
`244,056`
`805,608`
`96,557`
`14,016`
`1,160,237`
`51,325`
`989,885`
`1,041,210`
`119,027`
`43,972`
`162,999`
`2,242,759`
`2,405,758`|`Restricted`
`funds`
`£`
`96,337`
`-`
`-`
`-`
`96,337`
`-`
`54,238`
`54,238`
`42,099`
`(43,972)`
`(1,873)`
`25,033`
`23,160`|`Total`
`funds`
`£`
`340,393`
`805,608`
`96,557`
`14,016`| |---|---|---|---| ||||`1,256,574`| ||||`51,325`
`1,044,123`| ||||`1,095,448`| ||||`161,126`
`-`| ||||`161,126`
`2,267,792`| ||||`2,428,918`| ``` Theabovefiguresshowthefunddetailsforthecomparativefiguresto31March2024asshownon the Statement of Financial Activities. ``` ``` continued... ``` ``` Page 21 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** ## **`14. TANGIBLE FIXED ASSETS`** |**`COST`**
`At 1 April 2024`
`Additions`
`At 31 March 2025`
**`DEPRECIATION`**
`At 1 April 2024`
`Charge for year`
`At 31 March 2025`
**`NET BOOK VALUE`**
`At 31 March 2025`
`At 31 March 2024`
**`15.`**
**`STOCKS`**
`Stocks`
**`16.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE`**
`Trade debtors`
`Other debtors`
`Prepayments`|`Long`
`leasehold`
`£`
`2,481,435`
`-`
`2,481,435`
`857,870`
`16,399`
`874,269`
`1,607,166`
`1,623,565`
**`YEAR`**|`Improvements`
`to`
`property`
`£`
`169,116`
`32,449`
`201,565`
`6,176`
`1,973`
`8,149`
`193,416`
`162,940`|`Plant and`
`machinery`
`£`
`603,687`
`66,284`
`669,971`
`461,545`
`33,391`
`494,936`
`175,035`
`142,142`
`2025`
`£`
`5,591`
`2025`
`£`
`14,104`
`34,523`
`12,949`
`61,576`|`Totals`
`£`
`3,254,238`
`98,733`|`Totals`
`£`
`3,254,238`
`98,733`|`Totals`
`£`
`3,254,238`
`98,733`| |---|---|---|---|---|---|---| |||||`3,352,971`||| |||||`1,325,591`
`51,763`||| |||||`1,377,354`||| |||||`1,975,617`||| |||||`1,928,647`||| ||||||`2024`
`£`
`5,790`
`2024`
`£`
`21,778`
`5,836`
`10,892`|`2024`
`£`
`5,790`| ||||||`38,506`|| ``` continued... ``` ``` Page 22 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** ## **`17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||| |---|---|---| |`Trade creditors`
`Social security and other taxes`
`VAT`
`Other creditors`
`Deferred income`
`Accrued expenses`|`2025`
`£`
`12,055`
`10,750`
`2,385`
`452`
`38,198`
`16,878`
`80,718`|`2024`
`£`
`62,155`
`8,343`
`13,256`
`257`
`78,247`
`11,121`| |||`173,379`| ## **`Deferred income reconciliation`** |**`Deferred income reconciliation`**|| |---|---| ||`2025`| ||`£`| |`Balance at 1 April 2024`|`78,247`| |`Amount released to the statement of financial activities`|`(78,247)`| |`Amount deferred in the year`|`38,198`| ||| |`Balance at 31 March 2025`|`38,198`| ||| ## **`18. LEASING AGREEMENTS`** ``` Minimum lease payments under non-cancellable operating leases fall due as follows: ``` |`Within one year`
`Between one and five years`
`In more than five years`|`2025`
`£`
`1`
`4`
`93`
`98`|`2024`
`£`
`1`
`4`
`94`| |---|---|---| |||`99`| ## **`19. ANALYSIS OF NET ASSETS BETWEEN FUNDS`** |**`ANALYSIS OF NET ASSETS BETWEEN FUNDS`**||||| |---|---|---|---|---| |`Fixed assets`
`Current assets`
`Current liabilities`|`Unrestricted`
`funds`
`£`
`1,975,617`
`634,579`
`(80,718)`
`2,529,478`|`Restricted`
`funds`
`£`
`-`
`3,256`
`-`
`3,256`|`2025`
`Total`
`funds`
`£`
`1,975,617`
`637,835`
`(80,718)`
`2,532,734`|`2024`
`Total`
`funds`
`£`
`1,928,647`
`673,650`
`(173,379)`| |||||`2,428,918`| ``` continued... ``` ``` Page 23 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025`** ## **`20. MOVEMENT IN FUNDS`** |**`Unrestricted funds`**
`General fund`
`Fixed asset fund`
`Contingency fund`
**`Restricted funds`**
`Community Connector`
`Kick Out The Calories`
`Swimming Pool Recovery Fund (Sport`
`England)`
**`TOTAL FUNDS`**
`Net movement in funds, included in the above ar`
**`Unrestricted funds`**
`General fund`
`Fixed asset fund`
**`Restricted funds`**
`Community Connector`
`Changing Places`
`Pickleball`
`Garden Kids Project (Tesco Stronger Starts)`
`Swimming Pool Recovery Fund (Sport`
`England)`
**`TOTAL FUNDS`**|`At 1.4.24`
`£`
`327,111`
`1,928,647`
`150,000`
`2,405,758`
`20,399`
`2,761`
`-`
`23,160`
`2,428,918`
`e as follows:`|`Net`
`movement`
`in funds`
`£`
`89,634`
`(51,763)`
`-`
`37,871`
`(19,904)`
`-`
`85,849`
`65,945`
`103,816`
`Incoming`
`resources`
`£`
`1,118,907`
`-`
`1,118,907`
`39,554`
`8,336`
`5,000`
`1,500`
`86,315`
`140,705`
`1,259,612`|`Transfers`
`between`
`funds`
`£`
`(12,884)`
`98,733`
`-`
`85,849`
`-`
`-`
`(85,849)`
`(85,849)`
`-`
`Resources`
`expended`
`£`
`(1,029,273)`
`(51,763)`
`(1,081,036)`
`(59,458)`
`(8,336)`
`(5,000)`
`(1,500)`
`(466)`
`(74,760)`
`(1,155,796)`|`At`
`31.3.25`
`£`
`403,861`
`1,975,617`
`150,000`
`2,529,478`
`495`
`2,761`
`-`
`3,256`
`2,532,734`
`Movement`
`in funds`
`£`
`89,634`
`(51,763)`
`37,871`
`(19,904)`
`-`
`-`
`-`
`85,849`
`65,945`
`103,816`| |---|---|---|---|---| ``` continued... ``` ``` Page 24 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ``` ## **`20. MOVEMENT IN FUNDS - continued`** ## **`Comparatives for movement in funds`** |**`Unrestricted funds`**
`General fund`
`Fixed asset fund`
`Contingency fund`
**`Restricted funds`**
`Community Connector`
`Kick Out The Calories`
`Changing Places`
**`TOTAL FUNDS`**|`At 1.4.23`
`£`
`185,949`
`1,906,810`
`150,000`
`2,242,759`
`22,272`
`2,761`
`-`
`25,033`
`2,267,792`|`Net`
`movement`
`in funds`
`£`
`163,136`
`(44,109)`
`-`
`119,027`
`(1,873)`
`-`
`43,972`
`42,099`
`161,126`|`Transfers`
`between`
`funds`
`£`
`(21,974)`
`65,946`
`-`
`43,972`
`-`
`-`
`(43,972)`
`(43,972)`
`-`|`At`
`31.3.24`
`£`
`327,111`
`1,928,647`
`150,000`| |---|---|---|---|---| |||||`2,405,758`
`20,399`
`2,761`
`-`| |||||`23,160`| |||||`2,428,918`| ``` Comparative net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
`Fixed asset fund`
**`Restricted funds`**
`Community Connector`
`Changing Places`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`1,160,237`
`-`
`1,160,237`
`50,338`
`45,999`
`96,337`
`1,256,574`|`Resources`
`expended`
`£`
`(997,101)`
`(44,109)`
`(1,041,210)`
`(52,211)`
`(2,027)`
`(54,238)`
`(1,095,448)`|`Movement`
`in funds`
`£`
`163,136`
`(44,109)`| |---|---|---|---| ||||`119,027`
`(1,873)`
`43,972`| ||||`42,099`| ||||`161,126`| ## **`Unrestricted Funds`** ``` The fixedassetfundrepresentsthe net bookvalueof fixedassetsavailablefor the unrestrictedpurposesof the charity.Theseassets,comprisinginlargepartofthepropertythecentreoperatesfrom,areessentialto the running of the charity but do not represent liquid funds the charity can use to cover running costs. ``` ``` Therepairscontingencyfundrepresentsfundssetasideasprovisionagainstpotentialrepairscostsarising in respectofthecentre.Thefundisreviewedannuallybythetrusteesandtakesintoaccountthe maintenance plan and current costs of recent expenditure. ``` ``` continued... ``` ``` Page 25 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ``` NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ``` ## **`20. MOVEMENT IN FUNDS - continued`** ## **`Restricted Funds`** ``` TheCommunityConnectorfundisfortheprovisionofanemployeetosupportcommunitymemberswho are isolated, getting them more involved in the community and helping them to achieve their idea of a good life. ``` ``` TheKickOuttheCaloriesfundisforthedeliveryofafootballleagueforadultswhowanttobemore active, more often. The aim of the league is to help those adults get fitter, lose weight and enjoy playing football. ``` ``` The Changing Places fund has been provided for the building and provision of an accessible toilet in the centre. ``` ``` The Pickleball fund is for the purchase of pickleball equipment and provision of pickleball in the centre. ``` ``` The GardenKids Projectis for the purchaseof gardeningtoolsand materialsand provisionof gardeningskills to local children. ``` ``` The Swimming Pool Recovery Fund is for capital investment to improve the energy efficiency of the centre. ``` ## **`Transfers between funds`** ``` £6,047wastransferredfromthegeneralfundand£92,686wastransferredfromtheSwimmingPool Recovery Fund to the fixed asset fund reflecting the cost of equipment purchased during the year by these funds. ``` ``` £6,837wastransferredfromthegeneralfundtotheSwimmingPoolRecoveryFundtocoverexpenseson the restricted in excess of funds received. ``` ## **`21. RELATED PARTY DISCLOSURES`** ``` There were no related party transactions for the year ended 31 March 2025. ``` ``` Page 26 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025`** |`Unrestricted`
`funds`
`£`
**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
`37,351`
`Legacies`
`1,057`
`Grants`
`29,350`
`Sponsored events`
`27,593`
`95,351`
**`Other trading activities`**
`Cafe sales`
`40,571`
`Retail sales`
`7,887`
`Leased rentals`
`18,435`
`Car parking income`
`23,110`
`Other activities`
`1,439`
`91,442`
**`Investment income`**
`Investment interest`
`23,782`
**`Charitable activities`**
`Memberships and centre fees`
`865,192`
`Room hire`
`43,140`
`908,332`
**`Total incoming resources`**
`1,118,907`
**`EXPENDITURE`**
**`Raising donations and legacies`**
`Fund raising expenses`
`106`
**`Other trading activities`**
`Purchases`
`26,559`
`Wages`
`23,101`
`Cafe expenses and equipment`
`466`
`50,126`|`Restricted`
`funds`
`£`
`-`
`-`
`140,705`
`-`
`140,705`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`-`
`140,705`
`-`
`-`
`-`
`-`
`-`|`2025`
`Total`
`funds`
`£`
`37,351`
`1,057`
`170,055`
`27,593`
`236,056`
`40,571`
`7,887`
`18,435`
`23,110`
`1,439`
`91,442`
`23,782`
`865,192`
`43,140`
`908,332`
`1,259,612`
`106`
`26,559`
`23,101`
`466`
`50,126`|`2024`
`Total`
`funds`
`£`
`63,652`
`106,989`
`143,770`
`25,982`| |---|---|---|---| ||||`340,393`
`37,214`
`8,497`
`22,456`
`23,487`
`4,903`| ||||`96,557`
`14,016`
`761,516`
`44,092`| ||||`805,608`| ||||`1,256,574`
`1,220`
`27,318`
`19,812`
`2,975`| ||||`50,105`| ``` This page does not form part of the statutory financial statements ``` ``` Page 27 ``` ``` WEST WIGHT SPORTS AND COMMUNITY CENTRE TRUST LIMITED ``` ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025`** |`Unrestricted`
`funds`
`£`
**`Other trading activities`**
**`Charitable activities`**
`Wages`
`602,349`
`Social security`
`29,751`
`Pensions`
`10,844`
`Other operating leases`
`1`
`Rates and water`
`15,505`
`Insurance`
`45,036`
`Light and heat`
`77,743`
`Telephone`
`3,267`
`Postage and stationery`
`3,383`
`Advertising`
`1,096`
`Sundries`
`2,366`
`Chlorine and acid`
`16,189`
`Centre activities`
`28,896`
`Training`
`10,790`
`Cleaning and waste disposal`
`13,612`
`Repairs and renewals`
`32,483`
`Irrecoverable VAT`
`29,026`
`IT, software and consumables`
`5,264`
`Subscriptions`
`18,486`
`Bank charges and interest`
`6,302`
`Accountancy`
`9,060`
`Legal and professional fees`
`4,392`
`Bad debts`
`-`
`Audit`
`13,200`
`Depreciation of tangible fixed assets`
`51,763`
`HMRC interest payable`
`-`
`1,030,804`
`Total resources expended`
`1,081,036`
**`Net income`**
`37,871`|`Restricted`
`funds`
`£`
`60,056`
`4,168`
`-`
`-`
`-`
`3,603`
`2,928`
`355`
`158`
`-`
`1,005`
`-`
`1,253`
`136`
`382`
`466`
`-`
`-`
`-`
`-`
`-`
`250`
`-`
`-`
`-`
`-`
`74,760`
`74,760`
`65,945`|`2025`
`Total`
`funds`
`£`
`662,405`
`33,919`
`10,844`
`1`
`15,505`
`48,639`
`80,671`
`3,622`
`3,541`
`1,096`
`3,371`
`16,189`
`30,149`
`10,926`
`13,994`
`32,949`
`29,026`
`5,264`
`18,486`
`6,302`
`9,060`
`4,642`
`-`
`13,200`
`51,763`
`-`
`1,105,564`
`1,155,796`
`103,816`|`2024`
`Total`
`funds`
`£`
`598,783`
`31,803`
`6,778`
`1`
`16,126`
`39,319`
`78,929`
`2,830`
`4,268`
`268`
`4,291`
`13,459`
`47,649`
`8,280`
`10,299`
`41,630`
`49,268`
`5,215`
`19,822`
`6,561`
`10,072`
`3,917`
`408`
`-`
`44,109`
`38`| |---|---|---|---| ||||`1,044,123`| ||||`1,095,448`| ||||`161,126`| ``` This page does not form part of the statutory financial statements ``` ``` Page 28 ```