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2021-07-31-accounts

Cambridge Sports Hall Trust Limited

Annual Report AUGUST 2020 – JULY 2021

Kelse Kerrid e S orts Centre y g p

Tel 01223 462226 Queen Anne Terrace, Cambridge, CB1 1NA

www.kelseykerridge.co.uk info@kelseykerridge.co.uk

Contents

Chairman’s Report ________ 2 Board Members ________ 4 Introduction __________ 5 Staff ___________ 6 Staff Training __________ 7 Accident Figures ________ 8 Notable Bookings ________ 9 Fitness Gyms – Outlooks Gym _______ 11 Fitness Gyms – Free Weights Gym ______ 12 Fitness Classes __________ 13 Working with the Community _______ 14 Conclusion___________ 15

Annual Report – Cambridge Sports Hall Trust Ltd

Chairman’s Re ort p

When I wrote last year’s Chairman’s Report the country was emerging from the first national COVID lockdown and I reflected on how unusual the year had been, the positive news that the sports centre had reopened and that our sound financial management had enabled the charity to meet the exceptional challenges. Whilst at that time the trustees and management recognised that the pandemic was far from over, the events of the last year with ongoing restrictions and lockdowns have proved to be exceptionally challenging.

Throughout the pandemic our first priority has always been the safety of our staff and members. I can’t praise Liane and all the staff team enough for the excellent work that they have done to make the sports centre as safe as possible when we were allowed to open. This has given staff and customers the confidence to use the sports centre during very worrying times as the community began to adapt to the new normal.

Once again this year, the sports centre has emerged from a national lockdown, however, this time we, and I am sure our customers, feel far better prepared and more confident thanks to the vaccination programme. At the same time practices that felt alien a year ago, sanitising, social distancing etc. are now the new normal and many of us barely notice we are practicing them.

Despite the challenges of the last 18 months, I am pleased to be able to report that at the end of this period the centre remains in a sound financial position as borne out by the annual accounts. The financial stewardship over a number of years which had enabled the charity to build up a moderate level of funds in reserve to mitigate against any unexpected changes in financial circumstance, places us in a strong position to meet the financial challenges. The trustees are not complacent, however, and appreciate the financial situation remains challenging. Therefore, the Board recognises the need to closely monitor our financial performance and to manage costs until our income levels recover and are closer to normal.

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Annual Report – Cambridge Sports Hall Trust Ltd

In the past we have been proud of our ability to continually invest in the centre and its facilities for the benefit of our members. In view of the financial uncertainty, we have continued to pause planned improvements until we can be certain that such expenditure is sustainable.

Kelsey Kerridge Sports Centre seeks primarily to serve the people of Cambridge and the surrounding area. We greatly value working in partnership with Anglia Ruskin University. We are also proud of our work with the local community to make the sports centre accessible to those people who would find it difficult to access similar activities offered on a commercial basis.

Whilst I always appreciate this opportunity to extend my thanks to our staff and trustees, this last year has truly tested everyone’s resolve and resilience and they all deserve exceptional praise for their dedication and fortitude. Also, of course, my thanks go out to our loyal members whose enthusiasm has kept the charity active even during the times when we could only open with the tightest of restrictions.

Lee Phanco

Chairman

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Annual Report – Cambridge Sports Hall Trust Ltd

Board Members

Constitution

Cambridge Sports Hall Trust Limited is a company limited by guarantee and a registered charity governed by its memorandum and articles of association. Charity number 979813

Directors & Trustees

The Directors of the charitable company (“the charity”) are its Trustees for the purpose of charity law and throughout this report are collectively referred to as Trustees. As set out in the articles of association, the Chairman and other Trustees are elected annually by members of the charitable company. The number of Trustees so elected shall be a minimum of eight and a maximum of eleven and additionally the Trustees may co-opt a further two members if they so wish. The charity shall also invite each of the following bodies to appoint a representative (without voting rights) to attend the board meetings: -

The Trustees serving during the year and since the year end are as follows: -

Trustees:

Chairman Mr. L Phanco Vice Chairman Mr. K Amiri

President Mr. P B Kerridge

Directors Mr. A L Johnson Mr. P B Kerridge Mr. K Amiri Mr. L Phanco Mr. M Roman Mrs. S Dean Mr. S Powley

Appointed Representatives (at the year end)

Cambridge City Council No appointment Cambridgeshire County Council Cllr Hilary Cox Condron Cambridge University No appointment South Cambridgeshire District Council No appointment

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Annual Report – Cambridge Sports Hall Trust Ltd

Introduction

This time last year we had just re-opened after the first National Lockdown which lasted 4 months, 20[th] March to 25[th] July. When we were eventually able to reopen there were many restrictions in place, there was also the need to continually review the UK Government updates, along with changes from UK Active (our Governing Body) and the changes within each individual sport’s Governing Body. It seemed that we had only just got to grips with the minefield of restrictions and changes that were enforced upon us when we were forced to close again for the month of November. Re-opening again in December was short lived as we were yet again forced to close on 24[th] December, this time it was for another 4 months, 24[th] December to 12[th] April.

Nobody would have imagined last March that we would have been closed for 9 months, it has been a very strange time for everyone!! We are very lucky that the Centre performed well during the 5 years or so prior to the pandemic and was able to build up a reserve, otherwise I am not sure that Kelsey Kerridge would have survived the financial impact.

All social distancing measures and restrictions were lifted on 19[th] July, this is generally a quiet time of year for Kelsey Kerridge, so it was difficult to gauge what impact opening fully was having. At the time of writing this, the Centre is starting to feel busier, memberships are picking up and the main hall is starting to get booked again. It is still early days, and nobody really knows if the pandemic is fully under control or whether restrictions might be necessary again over winter. Whatever happens we will adjust and continue the best we can under the circumstances.

Since the pandemic started all costs have been kept to a minimum. We suspended what we could during the months we were closed, and capital expenditure was put on hold. Going forwarded we have included some capital items as there are areas that will need some investment. However we will continue to be prudent, so we are better prepared for the ‘what if’ scenario if one was to occur.

It has been a very challenging 18 months, but we are slowly turning a corner, let’s hope in next years’ report I do not have to mention further restrictions or lockdowns.

Liane Shadrack – Manager

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Annual Report – Cambridge Sports Hall Trust Ltd

Staff

Manager Liane Shadrack
Administration
Company Secretary/Accountant Donna Cowell
Company Secretary/Accountant Peter Jakes (retired 30/10/20)
Administration Assistant Melinda Butler
Recreation
Gym Manager Mustafa Ustamehmetoglu
Duty Managers Ian Butler
Sharon Downham
Senior Recreation Assistants Nathan Stokes
Ramin Pirzad
Recreation Assistants Melford Crowe
Rachel Kendrick
Meghan Madden
Modou Jammeh (Left 27/09/20)
Dan Toyer (appointed 05/10/20)
Reception
Receptionists Clare Voss (retired 30/09/20)
Wendy Towers
Lewis Henderson
Duncan Dickerson (Casual)
Collin Miller (Part-time)
Maria Baptista (Casual)
Max Elgar (Part time) (left 08/04/21)
Kirsty Simms (appointed 07/05/21)
Maintenance/Cleaning
Maintenance/Cleaning Supervisor Keith Towers
Maintenance/Cleaning Elliott Wymer (Part time)
Ethan Jones (part time) (appointed 02/08/21)
Amber Healy (part time) (appointed 03/08/21)

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Annual Report – Cambridge Sports Hall Trust Ltd

Staff Trainin g

Below is a summary of staff training undertaken August 2020 to July 2021

Course Staff member passed
First Aid Re-Qualification Sharon Downham,Rachel Kendrick, Ramin
Pirzad, Ian Butler
First Aid at Work Dan Toyer
Emergency First Aid at Work Liane Shadrack, Keith Towers
GNAS Archery Renewal Ian Butler
NSPCC Child Protection in Sport Dan Toyer
Basic Fire Safety Course Renewal Melford Crowe, Rachel Kendrick
Working at Height Course Renewal Sharon Downham, Melford Crowe, Rachel
Kendrick
Manual Handling Course Dan Toyer
Manual Handling Course Renewal Liane Shadrack, Mustafa Ustamehmetoglu,
Keith Towers, Ian Butler, Nathan Stokes,
Melford Crowe, Rachel Kendrick, Meghan
Madden, Sharon Downham
Level 3 Certificate in Personal
Training		 Meghan Madden

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Annual Report – Cambridge Sports Hall Trust Ltd

Accident Figures

We have 11 qualified first aiders, ensuring there is always somebody on shift to deal with any accidents that occur.

Below is a summary of accidents that occurred between 1[st] August 2020 and 31[st] July 2021

Total
Injuries		 Breaks Dislocations Ambulance
called
Badminton 4
Basketball 5
Climbing 5 1
Football 1
Squash 1
Volleyball 1
Weights 1
Total 18 0 1 0

Figures are lower than in previous years due to being closed for an additional 5

months

November 2020 and January – April 2021 (COVID-19)

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Annual Report – Cambridge Sports Hall Trust Ltd

Notable Bookings

Due to the restrictions imposed upon us this year we have been unable to host the regular Major Event bookings that we usually do. Over the years we have built a great relationship with the organisers of these events, keeping in contact throughout the pandemic in particular. We are hopeful that alongside this, increased confidence in the vaccine programme and having one of the largest hall spaces within Cambridge will almost certainly ensure their return now that restrictions have been eased.

The following is a list of major events that were unable to take place due to the pandemic.

(June)

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Annual Report – Cambridge Sports Hall Trust Ltd

As well as our notable bookings we have missed many regular sports block booking this year, due to tighter restrictions on social distancing. One of the biggest losses has been the footballers, we have over 25 long standing football block booking customers that play regularly in the main hall, their absence has seen the main hall empty for a large amount of time. Football was one of the last sports to have restrictions eased. Luckily all bar three have confirmed their return for the next block booking year, the three that haven’t are lunchtime players, many of whom are currently still working from home.

On a more positive note, we have seen a large number of badminton clubs book with us, this was due to their usual venues being unable to operate as a lot were booking school facilities. Badminton was one of the few sports able to return as prior to the pandemic. The following clubs are all new to block booking with us:

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Annual Report – Cambridge Sports Hall Trust Ltd

Fitness G ms – Outlooks G m y y

For the first two months of 2020 the business traded well, achieving strong membership gains. Unfortunately as is well documented, on 20 March all gyms were closed in the first lockdown period of the coronavirus pandemic. Since then, our centre has periodically been open and closed again according to the government rules. To manage through this crisis, fast and appropriate actions were taken to protect colleagues and members, strengthen our balance sheet, reduce our costs and utilise government support schemes. Our primary aim has been to put our business in the best possible position to recover, be able to restart growth and be one of the best sports centre for accessing affordable exercise and fitness. This has been shown to be more relevant than ever within this health crisis. The vaccine programme providing confidence that the end of the crisis is in sight, we are prepared and ready for the recovery.

Our financial results for the year have been severely impacted by the 36% loss in trading days from national lockdowns, with revenue for the Outlooks Gym down 40%. As a result of significant cost saving measures, plus Government furlough grants, the impact on income was mitigated as far as possible but nonetheless we lost a significant amount of income for the trading year.

We have had regular communication with members, freezing memberships so they didn’t need to worry that we would charge them when the centre was closed. When we reopened our members appreciated the physical and mental wellbeing benefits of being back in the gym with high confidence in the safety procedures we put in place. We have developed our COVID-secure operating protocols to give our members confidence to return to gym settings and have been pleased to see very low incidence of COVID-19 cases attributed to the UK fitness and leisure sector since first reopening in July, as reported by UK Active in December 2020.

Whilst our financial condition has been impacted by the pandemic we remain as confident as ever in our proposition. Providing affordable fitness for all through gym membership is even more relevant as society is encouraged to improve health through physical and wellbeing activity and looks for great value for money in harder economic times.

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Annual Report – Cambridge Sports Hall Trust Ltd

Fitness G ms – Free Wei hts G m y g y

2020 was the most challenging year for our business over its 40 year long history. The COVID-19 pandemic meant 45% of our trading days in 2020 were lost to closures from government restrictions; 2021 has started with a further national lockdown once again closing the centre. Periods of closure meant virtually no membership acquisition and loss of substantial income for the Free Weights Gym, revenue down 33%.

The government guidelines limited capacity to 100 sq. ft. per member and we were able to accommodate this through limiting the maximum number of people allowed in the gym to 18 based on the size of the room. The guidelines have also required social distancing which had been possible through markings on the floor and the goodwill of our members. Our procedures have demonstrated to our members the important steps we have taken to make our gyms a safe place to work out and are an important way of giving them confidence to continue with their routine of coming to the gym.

Our sports supplements’ range continued to sell well and we have maintained a wide range of products, giving our customers more choice. We will continue to look for new products that can be added to our supplements range in the coming year.

With over 40 pieces equipment from the industry’s leading manufacturers Hammer Strength, Cybex, Matrix and Watson, Free Weights Gym offers a wide range of training options for Bodybuilders, Powerlifters, Athletes or other users who want to get back in shape and improve their fitness. Free weights gym has many different type of bars, namely trap bar, football bar, safety squat bars, powerlifting and Olympic lifting bars giving customers a wide array of choice to complement their training.

We remain confident in our business model and believe that when we are through this period, we will be able to return to steady membership numbers.

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Annual Report – Cambridge Sports Hall Trust Ltd

Fitness Classes

Prior to the first lockdown, classes had enjoyed high attendance numbers and generated a substantial level of income. After the reopening of indoor gyms in England on 25[th] July 2020, we were allowed to operate classes on reduced numbers based on the room’s area.

Due to the low demand as people were still worried about training in indoor environments, classes have generated a much lower level of income. To keep members safe in our classes, we've made a few temporary changes; a reduction of class spaces and a limit to the timetable means members can keep a safe distance. We will increase the number of classes that we run as the demand for current classes increases.

Our instructors now run almost all of the classes on our reduced timetable, helping to also minimise costs. They have once again worked tirelessly and showed great professionalism teaching our in house classes. Fitness Circuits, Spinning, Bootcamp, Krunch & Kore, Boxercise, Insanity, SMASH H.I.T and +50. I would like to say a massive thank you and well done for the great work they have done during this challenging time.

Our One to One Boxing and PT sessions have been gradually becoming busier since the second half of 2021. We will continue to provide high quality PT sessions, helping customers to reach their goals in the coming year, we are seeing an ever increasing demand for PT sessions that will continue in the future.

Whilst the COVID-19 pandemic has caused unprecedented disruption to our everyday way of life and to our business, we firmly believe we have the right business model, weathering this challenging period and the tougher economic environment which will remain for some time after.

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Annual Report – Cambridge Sports Hall Trust Ltd

Workin with the Communit g y

This is the ninth year we have been working in partnership with Anglia Ruskin University (ARU). We are proud to be in partnership with ARU, which is clearly a University with a vision to promote sport and to provide a full range of sports clubs and facilities for their students. We hope to work in partnership with ARU for many more years to come.

In addition to our partnership with ARU, we have continued to attract a wide diversity of both individual and group users, including the following educational & disadvantaged groups:- Educational Groups

Disadvantaged Groups & Older Adults

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Annual Report – Cambridge Sports Hall Trust Ltd

Conclusion

I mentioned last year that it was going to be a year of uncertainty… and it certainly was!! With a further 2 lockdowns totaling 5 months (9 in total since the start of the pandemic) plus social distancing and other restrictions in place for most of the time.

The good news however is the roll out of the vaccine, which has been very successful and a factor in enabling us to fully open without any restrictions in place since July. As schools and University students are beginning to return, the Centre is starting to get busier, which is great to see. We are mindful that restrictions might be necessary again over winter, but hopeful that the vaccine booster program will prevent this from occurring.

Whilst it has been a difficult time, we have come through what I hope is the worst of it. We have certainly learnt a lot over the last 18 months but now is about looking forward and not waste time dwelling on the past. We need to face any further challenges head on and continue to push the business forward. Our aim is not only to get us back on track but return to the levels we were pre pandemic. It will take time, but we will get there!

Liane Shadrack – Manager

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Registered number: 00979813 Charity number: 300371 CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Limiied by Guarnnte¢ CONTENTS Page Trustees. Report Reference and Administrative Delai15 of the ChaTity, its TTUStees and Advisets Independent Examlnefs Report ststement of Financial Activities Balance Sheet 10-11 Statement of Cash Flows 12 Notes to the Flnanclal Statements 13-30

CAMBRIDGE SPORTS HALL TRUST LIM￿ED (A Company Limited by Guarantee TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2021 The Trustees present their annual rekK¥rt together wth the financrdl statements of the Cambridge Sports Hall Trust Limited for the year 1 August 2020 to 31 July 2021. The annual report serves the purposes of both a Trustees, report and a directors. report under company law. The Trustees confimi that the annual report and financial statements of the charrtable company compty with the current statutory requirements, the requirements of the charitable companls goveming d(￿Ument and the provisions of the Statement of Recommended Practice (SORPI, applicable to chartb.es preparing their accounts in accordance with the Financial Reporting Standard appliCa￿e in the UK and Republic of Ireland IFRS 102) Isecond edibon- October 2020}. sin￿ the company qualifies as small under seth.on 382 of the Companies Act 2006, the strategic report required of medium and large ¢ompanEs under the Companies Act 2008 {Strategic Report and Directr)rs' Report) Regulations 2013 has been omiited. 0￿EcTIVEs AND AC￿v￿lEs POLICIES AND OWECTIVES The objects of the chartty are to provide sporting and recreational facilities for the residents of and visitors to Cambridge and the surrounding areas. The policy of extending free membership to Ihe disabled continues, as does its work with disadwantaged groups ￿￿thIn the communty. The charity operates as Kelsey Kerridge Sports Centre. MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE cHAR￿￿s PURPOSES FOR PUBUC BENEFIT In the exercise of our E￿werS to that end. we have paid due regard to the published guidan￿ from the Charity Commission on the operation of the Publtc Benefft requirement under the Charrties Act 2011. Kelsey Kerridge aims to provtde a facility at an affordable rate which is accessible for everyone. We work in partnership wtth the City Council and other exlemal organisab.ons to provide facilrbe5 for disadvantaged groups at a discounted rate. giving individuals the Chan￿ to get involved sporb.ng activities, who othe￿iSe would not get the opportunity. Funding received from the Cty Council amounted to £21,676 in the financial yeor for which the charity is most grateful. Because of our charitable status, we do not aim to make a profit, so all proffts are used to improve the facilities for our users by providing UTrt￿date sports & fftness equipmenL maintaining the building and refurbishing where ne￿Ssary. SUSTAINABILITY Kelsey KerrTdge Sports Centre wll look carefulty at our activites and decide where we Can take action lo reduce our impact on the global environment and prO￿t or improve the local environment We will aim to achieve this by- Making energy effiuent measures wtthin the building on an on-going basis", Considering what impact our d￿[slon$ will make on the Iccal environment Making decisions that wll improve recycling: and Considering what impact our deasions wll have on the environment when choosing suppliers and purchasing goods. Page 1

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2021 ACHIEVEMENTS AND PERFORMANCE REVIEW OF ACTIVITIES Kelsey Kerridge has experienced another tutbulent year in which it was required by the UK Government to close due to the COVID-19 global pandern￿. The wiods of ¢losure were 5th November 2020 to 1st December 2020 and then again from 29th D￿rnber 2020 to 11th April 2021. For the pèriods the Sports Centre was able to open. it was operating under s(tial distancing restTiCtions. Levels of reskn"clions changed throughout the period in accordance with government instructions. they included limiting indoor sports to members of the same household only, or later to a maximum of six people_ The income levels for the year ended 3151 July 2021 were therefore signfficantly reduced. It is estimated that £425,000 of revenue was lost whilst the Centre was closed. The periods of closure included months that have histotically been busier times of the year. Whi15t the Centre was closed. existing rneMt￿Sh1pS were suspended, direct debr( members had their payments frozen and short lem members were offered an extensK)n to their m￿bership or a ￿fund. It is noted that very few members requested a refund. RedU￿d rates conb.nued to be given to individuals with disabilities and groups on low income. Our vision is to make fitness accessible to all. IndNiduals do not have to commii to a membership but can attend on a pay-as- you-go basis. The cost of these concessions during the year was £5.109. We continue to have regular contact vrith Cambridge Cty Council sports and recreation officers for the benefit of the local inhabitants. INFORMATION ON FUNDRAISING PRACTICES The Charity does not currenlly raise fvnds from the publtc nor does tt receive funding from, or ￿ake applications lo, trusts and foundations, nor does rt receive public subsidies. Should fundraising activities pccur in the future, the Charity is (X)mTntited to avoiding any intr￿r￿e fundraising approaches and will never apply undue pressure to donate. FINANCIAL REVIEW FINANCIAL PERFORMANCE Income from charitable acttvities for the year reduced by 33% due to the impact of the forced Closu￿ and the ongoing restrictions the Sports Centre operated under when rt was open. The costs of running the Charity were very carefully managed and they decreased by 20.4%. The Charity was able to make use of the government furfough scheme to help cover the cost of staff wages. Financial support was also received from the IC￿al authority for the periods in which the Sports Centre was closed. Local Restrictions Support Grants totslled £42,085. irscluding an £18,000 restart grant for the reopening of the Centre on 12th April 2021. The Charity was also awarded £50,000 from the Sport England Community Leisure Recovery Fund. This funding was made available by Sport EngLqnd for qualifying muhFuse Sports Centres to bridge the gap be￿een in￿rne and expendÉture for the period 14 April 2021 to September 2021. This was in recognition of the fact that Sports Centres were not able to operate at full capacity for the majority of this period. As well as this, Sport England provided a further £3,600 SUPF#)rt package to help the Centre with Éts reporting obligations for the grant and for some professional Ser¥￿eS to support the Centre going forward. Although the pension deficit has seen a decrease during the year. this is still contr"buting to the negative resetves on the Balan￿ Sheet This is considered a long-term liabiltty for which a repayment plan has been agr￿d and will be met from fijture charitable activity surpluses. AddJb"onal corktn"butions specrfically to clear the deficit began in April 2021 as agreed wtlh the ￿herne provider. Page 2

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company LiFnited by Guardntse) TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2021 Irs previous years the cash generated from operating surpluses has been invested in new equipmenl and maintenance of the Sports Centre. Due to this continued investment prioi to the pandemic, the Trustees are confident that both facilthes and sports equipment remain at a very high standard even though the last bmo financial years have been difficu￿ The Twstees will look to maintain income levels in future accounting periods by continued investment in the swrts facilrttes and by providing a wide range of activities. The Trustees ￿vIaty review the cha￿S activtties and the opportunrties available and the risks to which the charity is exposed. The T￿SteeS monitor financial perfomiance against budget and the previous year each month and Varian￿ are explained. A detailed budget is prepared annually. RESERVES POLICY Historically, it has been the policy of the T￿￿eeS to ensure that the re*Tves of the charity do not fall below a minimum of three months. operational costs. At the year end, unrestricted funds, excluding the pension deficit of £1,314,000, stood at £1.094,978. of which £36,200 had been designated for future capital projects, £800,152 was represented by fixed assets and £403.085 was represented by fixed asset investments, leaving negative free reserves of £144,459. This is not in line vAth Ihree months operat￿nal costs and the Trustees recognise that this desired policy may not be achievable in the current climate_ However, the Trustees will conts'nue to manage costs wherever possible and they are confident surpluses can be achieved again in the future now that the Sports Centre is fvlly operattonal again. Under the Memorandum and Artides of Association, the chanty has Ihe power to make investrnents and or borrowings which the Trustees see fit GOING CONCERN SOCHI distsn¢ing and cor¢lact restrithons were ￿llY lifted in Engknd on 19th July 2021 and the Sports Centre has been able to operate at fi]11 (zpacty from this date for the first time since March 2020. It is hoped that over the next ￿e1ve months there will be a retum to nomialrty in temis of income the Sports Centre ean achieve. The Trustees are sattsfied that the Chanty does have suffiCi￿t cash reserves to cover a deficit between income and expenditttre in the short temi. The majority of the Chartty's cash is held in Investments managed by JM Finn. The cash can be redeemed at short notice and the cash flow is being dosely monitored in ￿se this becomes necessary. INVESThIENTS POLICY Any investrnent decisions undertaken by the Trustees must safeguard the assets of the charity and therefore are in accordan￿ wtth the guidelines laid down by the Chanty Commission. PLANS FOR FLTfuRE PERIODS The Trustees wnts.nue to reinvest funds to improve the faciltbes by keeping up to date with new equipment and refurbishing areas of the sports facilty as and where required. There is a detailed programme of work that sets the dates for major refurbishmenl and Maintenan￿ activities over the next few years. Any surpluses on operating activities are therefore fulty committed to allow this work to tske pla￿. Page 3

CAMBRIDGE SPORTS HALL TRUST LIMrrED IA Company Llmit¢d by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2021 STRUCTURE. GOVERNANCE AND IAANAGEMENT CONSTITirnON The charity is regislered as a charitable company limiled by guarantee and was set up by a Memorandum and Articles of Association on 18 May 1970 as amended 17 November 1999. It is registered as a charity with the Charity Commission, under charty number 30037. METHOD OF APPOINThIENT OR ELECTION OF TRUSTEES The management of the charity is the resFonsibilty of the Trustees who are elected and co-opted under the temis of the Memorandum and Articles of Ass¢xiation. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES New Trustees are briefed on their legal obligations under Charity and Company Law, the Content of the Articles of Association, the TNstee decision making processes. and recent financial perfomiance of the charity. Trustees are encouraged to attend appropriate exiemal training events where these will facilitate the undertaking of their role. and Trustees, meeb'ngs whenever possible in order to maintain their awareness of the charity's activities. PAY POLICY FOR SENIOR STAFF No specific benchmarks are empk)yed in setting the parameters for staff payment, including that of senior staff, other than a broad regard of current payment. inflation and competibve 'going rates.. The govemment 'living wage, criteria are also obseNed. ORGANISATIONAL STRUCTURE AND DECISION MAKING The Trustees are reSF)0nsib￿ for establishing the overall poly and dIreCt￿n to enable the charity to meet its objectives. The key management deciwons are taken by the Trustees as a whole although the Trustees have delegated certain types of rnanagement deusiorts to the chatws executs've staff. The main stakehokler5 are enbtted to a fomial representstion the board and are i￿luded on the reference and administrative detsi15 of the chanty {page 5). RISK MANAGEMENT The Trustees regulady review the activilies and the opwrtunrbes avaiL4ble and Ihe risks to which the charity is exposed, in particular those related to the operations and finan￿ of the charity. The Trustees monitor financial performance against budget and the previous year each month and variances are explained. A detailed budget is prepared annually. Key risks to the charity include loss of key staff and the rellan￿ placed on Cambridge Cty CoLEncil for the lease of the premises. The Trustees rewew a fom￿1 risk register at each meeb.ng as a standard agenda item and are satisfied that systems and procedures are in place to mibgate our exrM)sure to the major risks. Page 4

CAMBRIDGE SPORTS HALL TRUST LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2021 MEMBERS. LIABILITY The Members of the charitable company guarantee to contn.bute an amount not exceeding £1 to the assets of the charity in the event of wnding UP. TRUSTEES. RESPONSIBILMES STATEMEKr The TnJstees (who are also directors of Cambridge Sports Hall Trust Limiied for the purposes of ¢ornpany lawl are resFX)nsible for preparing the Trustees. ReFM)rt and the finanual statements in accordance with applicable law and regulations. Company taw requires the Trustees to Prepa￿ finanaal stslements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affaiTS of the charitable company of the incoming resources and application of resources, including the income and expendiiure, of the dwritable Cr￿panY for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting wlicies and then apply them conS￿ten￿y.' obserye the methods and princip￿ in the Charities SORP", make judgments and actounting estimates that are reasonable and prudenL Prepa￿ the finarscial statements on the going cOn￿M basis unless it is inappropTiate to presume that the charitable company will conbnue in operalion. The T￿sleeS are responsible for keeping adequate aCr￿Unting recnrds that are sufficient to show and explain the charitable company's transactions and disdose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 20[￿. They are also responsible for safeguardir¢g the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregutarities. This report was approved by the Trustees and signed on their behalf by.. Mr L Phanco Chairman Date: Z ZOL Page 5

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Limlted by Guarnntee REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2021 Trustees Mr K Amiri Mr A L Johnson Mr M Roman Mrs S Dean Mr P B Kerridge Mr L Phanco Mr S Powley Company reglstered number 00979813 Charity registered number 300371 Reglstered office Kelsey Kettidge Sports Centre Queen Anne Terr Gonville Pla Cambridge CB11 Company Se¢￿tary Mrs D Cowell President Mr P B Kerridge Chairnian Mr L Phanco Vi¢e£hairnian Mr KAmiri Manager Miss L J M Shadrack Appointed representatives Cambridge City Council ambridgeshire County Council Cambridge University South Cambridgeshire District Council No appointment Cllr H Cox Condron No appointment No appointment Independent examlners Peters E￿orthY & Moo Chartered A(rA)untants ststutory Auditors Salisbury House Statton Road Cambridge CB12LA Banke Bardays Bank plc St Andrews Street Cambridge CB2 3AA Page 6

CAMBRIDGE SPOFtrs HALL TRUST LIMITED IA Company Llmited by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2021 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CAMBRIDGE SPORTS HALL TRUST LIMITED (the 'charity') I rewrt to the tharrty Trustees on my examinatron of the accounts of the charity for the year ended 31 July 2021. This report is made solely to the charitys Trustees. as a brxyy, in accordan￿ with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My wot1( has been undertaken so that I might state to the charity's Trustees those matters l am required to state to them in an Independent Examinerfs Rewrt and for no other purpose. To the fullest extent permrtted by law. I do not a￿pt or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this repo RESPONSIBILITIES AND BASIS OF REPORT As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charitres Act 2011 Ilhe 2011 Acf). I report in ￿sPeCt of my examination of the chariV5 accounts ￿TrIed out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions giveri by the Charity Commission under section 14515){b} of the 2011 Aci INDEPENDENT EXAMINER'S STATEMENT Your attents.on is drawn to the fact that the charity has p￿pared the accounts in accordance wtth Accounting and Reporting by Charities: Statement of Recommended practi￿ applicable to charib.es preparing their accounts accordance with the FinancLal Reportif7g Stsndard appI￿able in the UK and Republic of Ireland IFRS 1021 in preferen￿ lo the Accounting and Reporting by Charitres: Statement of Recommended Practice issued on 1 April 2005 which 1$ referred to in the extant reguiations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounlrng Pr￿1￿ effective for rewting perM)ds beginning on or after l January 2015. I have completed my examinats"on. I can confim that no matters have come to my attention in connection with the examination giwng me cause to believe that in any material respecL accounting r￿rdS were not kept in respect of the charity as required by section 130 of the 2011 Act., or the accounts do not accord with those records" or the accounts do not comply with the applicable requirements conceming the fomi and content of accpunts set out in the Charities {Ac(x)unts and Reports) Regulattons 2008 other than any requirement that the accounts give a 'true and fairf view which not a matter considered as part of an independent examinab"on. Page 7

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 31 JULY 2021 I have no Con￿MS and have come across no other rnatters in connection wtth the examination to which attention should be drawn in this ￿port in order to enable a proper understanding of the accounts lo be reached. Kelly Bretheriek FCA Peters Elworthy & More Salisbury House Station Road Cambridge CB12LA Date.. 25 March 2022 Page 8

CAMBRIDGE SPORTS HALL TRUST LIMITED IA Company Limited by Guarantee STATEMEKf OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 JULY 2021 Unrestricted funds 2021 Restricted funds 2021 Total funds 2021 Total funds 2020 Note INCOME FROM: Donations an(J grants Other trading activities Investments Charitable actTVtties Other inu)me 75,418 19,105 9.976 395.514 106.711 25,276 100,694 19,105 9,976 395,514 106,711 16,336 22,356 8,020 694,664 113,095 TOTAL INCOME 6C6.724 25.276 632,000 854,471 EXPENDITURE ON: Raising fvnds Other trading ath"vities lftvestment management Charitable actNities 2,723 4,698 778,342 2,723 4,698 798,526 4.613 4,500 1,003,313 20,184 TOTAL EXPENDITURE 785.763 20,184 805.947 1,012,426 NET INCOME BEFORE INVESTMENT GAINSIILOSSES) {179.0391 5.092 (173,947) 1157,9551 Net gains on investments 14 63.123 63,123 575 NET INCOME BEFORE OTHER RECOGNISED GAINSI(LOSSES) (115.916) 5,092 {110,824} 1157,3801 Actuarial gaIn￿{lOSseS) on defined benefit pension schemes 25 193.000 193,000 (517,0001 NET MOVEMENT IN FUNDS 77,084 5,092 82,176 {674,3801 RECONCILIATION OF FUNDS: Total funds brought forvrdrd {2*.106) (296,106) 378,274 TOTAL FUNDS CARRIED FORWARD 219,022 5.092 213,930 296,108 AII activiti.es relate to continuing opwations. The notes on pages 13 to 30 fomi part of these finanaal siatements. Page 9

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 00979813 BALANCE SHEET AS AT 31 JULY 2021 2021 2021 2020 Note 2020 FIXED ASs￿s Tangible assets Investments 13 14 800,152 402,032 1,202: 184 888,962 373,638 1,262.600 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 15 16 23 3,516 57.125 146.126 2t%.767 4,326 51.493 119,253 175,072 CREDITORS: amounts falling due within one year 17 268.8 194,611 NET CURRENT (LIABIL￿lES) I ASSETS 162,110) (19,5391 TOTAL ASSEfs LESS CURREP LIABILITIES 1,140.074 1.243,061 cRED￿ORS. amounts falling due after more than one year Defined benefrt pensK)n scheme liability 18 (40,004) {49,167) 25 (1,314,000) {1.490,0001 NET ILIABILMES) I ASSErs 213,930 296,106 CHARITY FUNDS Restricted funds Unrestricted funds 20 19 5.092 (219.022) 1296,106} TOTAL FUNDS 213,9301 296,106 For the financial year in questron the company was enliued to exempb.on under section 477 of the Companies Act 2006 relating to small compantes. No members have required the company to obtain an audit of its &counts for the year in question in accordance with section 476 of the Companies ArA 2006. The d1￿CtorS acknowledge their responsibility for compl￿"ng with the requirements of the Act with respect to accounting records and for the preparalion of ￿Ounts. These accounts have been prepared in ac￿)rdanCe with the provisions applicabl& to companies subject to the small companies, regime. Page 10

CAMBRIDGE SPORTS HALL TRUST LIM￿ED (A Company Limtted by Guardnteel REGISTERED NUMBER: 00979813 BALANCE SHEEr AS AT 31 JULY 2021 The financial siatements were approved by the Trustees and signed on their behalf, by.. Mr L Phanco Director Dale.. The notes on pages 13 to 30 fom part of these finanaal statements. Page 11

CAMBRIDGE SPORTS HALL TRUST LIMrtED (A Company Limit￿ by Guarnntee) STATEMETr￿ OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2021 Note 2021 2020 CASH FLOWS FROM OPERATtNG ACnVITIES Cash provided by operating aetlvllies 120,596) 144,196) CASH FLOWS FROM INVESTING ACTlVtnES: Interest income Dividends and interest from investments Purchase of tsngible fixed assets Cash investrnent in JM Finn 457 7,563 (28,771 } 1370,0001 9,969 12,507) 40,000 CASH USED IN INVESTING ACTivmES 47,469 390,751 CASH FLOWS FROM FINANCING ACTivmES: New loan Repayment of borrowing 50,000 CASH USED IN FINANCING ACTIVMES 50,000 In¢reasel(decrease) in cash and (ash equNalents in the year 26,873 {384.9471 Cash and cash equivalents at the beginning of the year 23 119,253 504,200 CASH AND CASH EauNALEp¥fs AT THE END OF THE YEAR 23 146,126 119,253 The notes on pages 13 to 30 form part of these financial staternents. Page 12

CAMBRIDGE SPORTS HALL TRUST LIMrrED (A Company Limited by Guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 ACCOUNTING POLICIES 1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial statements have been prepared in ￿cOrdanCe vthh Accounting and Reporting by Charities". Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordance wtth the Finanaal Reportsng Standard appli(2ble in the UK and Republic of Ireland (FRS 102115econd edibon of Charitses SORP (FRS 1021 October 2020}, the Financial Repgrting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Cambridge Sports Hall Trust Limrted m￿ts the definitson of a public tenefft entity under FRS 102. Assets and liabilities are In￿allY recognised at historical cost or transaction value unless otherwise ststed in the relevant accounting policy. 1.2 GOING CONCERN At the year end the Charty had net liabilities of £213,930. The Centre was closed under national resthctions due to the ongoing Covid-19 pandemic for 130 days during the year ended 31st July 2021 which represents over a third of the year. For the periods it was open, tt was operating under social restn"ctions which were only fully Itfted on 19th July 2021. As the Sports Centre is now fully opeBb'onal again. the Trustees are confident that surpluses can be generated again in future wiods. but acknowledge that this may take time. As a result of the uncertainty around vthen the Spots Centre will be able to generate a surplus again, the trustees acknovledge that a degree of uncertainty exists which may cast doubt about the Charitys ability to continue as a going concern, however the Tmstees have reviewed the rash flows and forecasts and are confident the Chanty has sufficient cash reserves to enable them to continue in operational existence for the foreseeable fubjre. Furthemiore. whilst the pension deficit has seen a reduction during the year, this is considered a long-term liabilty for which a repayment plan has been agreed and will be met from future chartsble acty.vty surpluses. Addrtional contributions specifically to clear the deficrt began in April 2020 as agreed with the scheme provider. As a result of Ihe uncertainty around when the Sports Centre will be ab￿ to generate a surplus again, the trustees acknO￿edge that a degree of Un￿rtaInty exists which may cast doubt about the Charity's ability to continue as a going concern and that it may be unable to realise its assets and discharge tts liabiltbes in the nomal Course of business. The financial statements do not include adjusbnents that would result if the charity were unable to continue as a going concem. 1.3 COMPANY STATUS The charity is a company limÈted by guarante. The members of the company are the Trustees named on page 5. In the event of the company being wound up. the liabilty in respect of the guarantee is limrted to £1 per member of the company. 1.4 SIGNIFICANT JUDGEMENTS AND ESTIMATES No signtficant judgements have had to be male by management in preparing these financial ststements. Page 13

CAMBRIDGE SPORTS HALL TRUST LIMrrED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 1.5 FUND ACCOUNTING General hjnds are unrestn.cted funds whth are available for u* at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted ftjnds are funds whth are tr) be used in accordance with spe¢rfic restrictions imposed by donor5 or which have been raised by the tharty for parbcular purposes. The costs of raising and administering such funds are charged against the specffic fund. The aim and use of each restricted fvnd is set out in the notes to the financial statements. Designated fvnds comprise unrestricted fijnds thal have been set aside by the Trustees for particular purposes. The aim and use of each designated fvjnd is set out in the notes to Ihe financial statements. 1.6 INCOME All income is recognised On￿ the charity ha5 enljtsement to the income, it is probable that the income will be recetved and the amount of income receivable can be measured reliably. Admissions income is recognised on the date of admission. Other income is recognised in the period in which it is rel￿1Vable and to the extent the goods have been provided or on Comp￿tK)n of the Sery￿e. GraTrts are included as inc(ffie when these are received I receivable. Grant income is deferred where it relates to dIs¢￿tiOnary rate relief for future peric#Js. Interest on fvnds held on depostt is ine]uded when re￿1vable and the amount can be measured reliably by the chartty,. this is no￿allY upon not￿atiOn of the interest paid or payable by the Bank. Other incorne represenl amounts r￿Nable under the Coronavinjs Job Retention Scheme ICJRSI to cover salaries of furlou9hed staff. This income is recognised on the accruals basis, over the same perÈod as Ihe related expendilure. 1.7 EXPENDITURE Expenditure is recognised On￿ Ihere is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic beneffts will be required in settlement and the amount of the obligation ¢2n be measured reliably. Expenditure is classified by activity. The costs of each acbvty are made up of the total of direct costs and shared costs, including supwrt costs invofved in undertaking each activity. Direct costs attributable to a single aclNity are allocated directly to that actNity. Shared costs whi¢h contribute to more than one activity and support costs which are not attributable to a single activity are apporhoned between those acb"vities on a basis consistent with the use of resour￿. Central staff costs are allocated on the basis of time spen( and depreaation charges alhxated on the porb.on of the asseys use. Support costs are those costs incurred dIreC￿Y in support of expenditure on the objects of the charity and include governance costs. Govemance costs are those incurred in connection with administrakn.on of the charity and Complian￿ wilh constitutional and statutory requirements. Irrecoverable VAT is charged against the expendiiure heading for which it was incurred. Page 14

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Limited by Guarantsel NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 1.8 TANGIBLE FIXED ASs￿s AND DEPRECIATION Tangible fixed assets a￿ camed at cost net of depreciation and any provision for impaiment. Depreciation is provided at rates tslculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the followng bases" Leasehold Propety Equipment, fixtures and ffttings Oudooks gymnawum Climbing wall Straight line over lrfe of tease 5%- 33Yo on cost 5%- 33% on cosl 4Yo on cost 1.9 STOCKS Stocks a￿ valued at the lower of cost and net realisable value after making due allOwar¢￿ for obsolete and sk)W-moving stocks. 1.10 TAXATION The chartty is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the defintbon of a charitable company for UK corporation lax purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or capital gains received wÉthin categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusivdy to charitable purposes. 1.11 DEBTORS Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.12 CASH AT BANKAND IN HAND Cash at bank and in hand includes cash and short temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar ac(x)unL 1.13 LIABILITIES AND PROVISIONS Liabilities are recognised when there is an obligation at the Balan￿ Sheet date as a result of a past event tt is probable that a transfer of economic benefit will be required in setuement, and the amount of the settlement can be eslimated reliably. Liabilities are recognised at the amount that the chanty anticipatss it will pay to settle the debt or the amount it has re￿IVed as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liabilty. The unwnding of the discount is recognised wffthin interest payable and similar charges. Page 15

CAMBRIDGE SPORTS HALL TRUST LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 ACCOUNTING POLICIES (continued) 1.14 FINANCIAL INSTRUMENTS The chanty only has finan(ial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are In￿allY rwnised at transactK)n value and subsequentty measLtred at their setuement value. Financial assets measured at amortised cost (x)mprise trade debtors and other debtors. Financial liabilities measured at amotb5ed u)st comprise trade creditors. financial liabiltties and accruals and deferred income. 1.15 PENSIONS The chaTty participates in the Icral govemment pension scheme operated by Cambridgeshire County Counal. The scheme is a defined benefft stheme and the pension charge is based on a full actuarial valuation dated 31 July 2021. The LGPS is a fvnded scheme and the assets are held separately from those of the chartsble company in separate Trustee administered funds. Pension scheme assets are measured at fair value and liabilities are measured on an actuarial basis using the projected unit Meth￿ and discounled at a rate equNalent to the current rale of return on a high quality corporate t￿}nd of equivalent teTh and currency to the liabilities. The actuarial valuations are obtained at least triennially and are updated at each balan￿ sheet date. The amounts charged to operating surplus are the current Servi￿ cosis and gains and losses on the settlements and curtailments. They are induded as part of staff costs. Past Servi￿ costs are recognised immediately in the Statement of Financial ACtiV￿e$ rf the beneffts have vested. If Ihe benefits have not vested immediately, the costs are recognised over the period vesting occurs. The expected retum on assets and the interest cost are shown as a net finance amount of other finance costg or credits adjacent to interest Actuarial gains and losses are recognised immediately in other gains and losses. The charity also operates tsvo defined o)ntribution pension schemes and the pension charge includes the amounts Payab￿ by the charity to the fijnd in respect of the year. Page 16

CAMBRIDGE SPORTS HALL TRUST LIMrrED {A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 INCOME FROM DONATIONS AND GRANTS Unrestricted Funds 2021 Restricted funds 2021 Total funds 2021 Totsl Funds 2020 Cambridge City Counal grant and rates relief Local restrictions support grant Communrty Leisure Recovery Fund 21,676 21,676 42,085 36,933 16,336 42,085 33,333 3,600 75,418 25,276 100,694 16,336 In 2020 all of the income was restri￿. TRADING INCOME Unrestricted Restricted Funds funds 2021 2021 Total funds 2021 Totsl Funds 2020 Other trading income 19,105 19,105 22,356 19,105 19.105 22,356 In 2020 all of the income was Unrestr￿ted. Page 17

CAMBRIDGE SPORTS HALL TRUST LtMrrED IA Company Limited by Guarnntee) NOTES TO THE FINANCIAL STATEMETr¥rs FOR THE YEAR ENDED 31 JULY 2021 INVESTMEkTf INCOME Unrestricted Restricted lunds funds 2021 2021 Total funds 2021 Total Funds 2020 Bank Interest receivable DNidends and interest from investrnents 457 7,563 9.969 9,969 9.976 9,976 8,020 In 2020 all of the In￿Me vras unrestricted. INCOME FROM CHARITABLE AcTI￿nEs Total fvnds 2021 Total funds 2020 funds 2021 funds 2021 AdmissKpn fees and MeMt￿$hlps Use of facilities 94,994 300,520 94,994 300.520 130,827 563.837 395,514 395,514 694,664 In 2020 all of the income was unrestricted. OTHER INCOME Unrestricted Restricted funds funds 2021 2021 Total funds 2021 Total funds 2020 Govemment grants receivable 11A.711 106,711 113.095 106.711 106.711 113,095 Govemment grants represents amounts receivable" under the Coronavirus Job Retention Scheme (CJRSI of £105,461 (2020 £113,095) to cover salaries of fudoughed stafF, and L5nder the standard temis of the Boun￿ Back Loan Scheme IBBLS) of £1,250 {2020 - £NIL). Page 18

CAMBRIDGE SPORTS HALL TRUST LIMrrED (A Company Limited by Guarnntee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 EXPENDITURE ON RAISING FUNDS Unrestricted Restricted Funds funds 2021 2021 Total Funds 2021 Total funds 2020 Other trading expendrture 2,723 2,723 4,613 2.723 2,723 4,613 In 2020 all of the expenditure was unrestricted. CHARITABLE ACTMTIES EXPENDITURE Unrestricted Restricted funds funds 2021 2021 Total funds 2021 Total funds 2020 Direct costs {note 9) Support costs (note 10) 507.102 271,240 13,456 6.728 520.558 277,%8 595,973 407,340 778.342 20.184 798.526 1,003,313 In 2020. expendlture on charilable activibes was £1.003.313 of which £982.775 was unrestricted and £20,538 was ￿$triCted. DIRECT COSTS Charitable activltles Total 2021 Total 2020 Wages and salaries Social security costs Other pension costs Net interest cost on defined benefft pension schemes Electricity, gas and water Cleaning Equipment, renewals and refijtbthments Rent and rates Insuran Professional fees Depreciation (Profft}Iloss on disposal of fixed assels 243,997 15.798 55,175 45.000 34.657 4,467 18.664 17.958 17.707 6.257 60.878 243,997 15,798 55,175 45,000 34,657 4,467 18,664 17,958 17,707 6,257 60,878 279,842 19,032 74,756 15,000 51,739 5,801 47,587 17,875 15,884 4,677 63.880 {100} 520,558 520.558 595,973 Page 19

CAMBRIDGE SPORTS HALL TRUST LIMITED {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 10. SUPPORT COSTS Other Support Total 2021 Totsl 2020 Governance Wages and salaries Social security costs Other pension costs Electricity, gas and water Cleaning Equipment. renewals and refurbishments Rent and rates Insurance Professional fees Travel and parking Marketing Audit and accountancy fees Printing, postage and ststionery IT and telecommunic*ions Subscriptions Performing rights Collectors fees Miscellaneous Staff welfare and ￿nefftS Recruithent fees Bank charges Depreciation Interest payable IProfft)Iloss on disposals 121,998 7,899 27,588 17,329 2.232 121,998 7,899 27,588 17,329 2,232 152,047 12,041 46,813 25,483 2,857 9,332 8,979 8,853 3,128 3.900 11,011 9,332 8,979 8,853 3,128 3,900 11,011 567 4,776 6,266 1,409 4,843 16 938 1,366 23,439 8,804 7.834 2,303 21,752 33,495 6,477 4,104 5,680 1,929 5,606 2,836 1,209 4,584 1,025 5,618 31,464 4.776 6,266 1,409 4,843 16 938 1,366 3,756 30,439 3,756 30.439 1,343 (50) 567 277.401 277,968 407,340 11. INCOMEI{EXPENDITURE) This is stated after chargirsg: 2021 2020 Depreciation and loss on disposal of tangible fixed assets: - ¢)wned by the charity 91,317 95,194 Page 20

CAMBRIDGE SPORTS HALL TRUST LIMrrED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 12. STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL Staff costs were as follows: 2021 2020 Wages and salaries Social security costs Other pension costs 365,995 23,697 82,763 431,889 31,073 121,569 472.455 584,531 The average number of persons empk)yed by the charity during the year was as follows.. Number Number Administration and management Reception Maintenan Recreats"on 18 20 The key management personnel of the charity comprise the Trustees. The Trustees all give their time and expertise without any kind of remuneration or other benefit in kind12020 - £NIL)- During the year, no Trustees recewed any reimbursement of expenses (2020- £NIL}. Page 21

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CAMBRIDGE SPORTS HALL TRUST LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 14. FIXED ASSET INVESTMENTS Cash held at investment manager Llsted securities Total Securilies MARKEf VALUE At 1 August 2020 Additions Disposals (proceeds £63,810} Movement on cash at investors Revaluations 366,902 32,275 (59,2601 6,736 373,638 32,275 (59.260) {3,1941 58,573 (3,1941 58,573 At 31 Juty 2021 398,490 3,542 402,032 15. STOCKS 2021 2020 Goods for resale and ststionery 3.516 4,326 16. DEBTORS 2021 2020 Trade debtors Other debtors Prepayments 30.024 2,601 24.500 17,259 4,010 30,224 57,125 51,493 Page 23

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Llmited by Guarnntee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 17. CREDITORS: Amounts falling due within one year 2021 2020 Bank loans Trade creditors Other taxation and social secuTty Accruals Deferred income Other creditors 9,996 12.165 6,892 138,329 86.133 15,362 833 10,123 7,274 75,120 72,667 28.594 268 877 194,611 Bank loans indude5 a Govemment backed 'tx)unce back, loan. which Yras drawn down in July 2020. This loan is 100.kn guaranteed by the Govemment and there will be no fees or interest payable in the first 12 monlhs. After this 12-month period, interest will be charged at 2.5% per annum. Deferred income comprises kx21 authority (x)ntributions. membership fees, admission, hire charges and mobile phone tental re￿]ye￿ in advan￿. DEFERRED INCOME Deferred income at 1 August 2020 Resources deferred during the year Amounts released from previous years 72,667 86.133 72.667 Deferred income at 31 July 2021 86.133 18. CREDITORS: Amounts falliro due after more Ihan one year 2021 2020 Bank loans 40.004 49,167 40,004 49.167 Bank loans includes a Govemment backed 'tOUn￿ back, loan, which was drawn down in July 2020. This loan is 100% guaranteed by the Govemment and there will be no fees or interest payable in the first 12 months. After this 12-month period. interest will be charged at 2.50h per annum. Page 24

CAMBRIDGE SPORTS HALL TRUST LIMrrED IA Company Limited by Guardntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 19. UNRESTRICTED FUNDS General funds Designated funds Pension reserve Total 2021 Total 2020 Balance at 1 August 2020 Income Expenditure Net gains on investments Transfers in I lout) Actuarial gainsl{lO￿s) on defined benefft pension schemes 1,156.894 606.724 {768.763) 63,123 37,000 {1.490.000) 1296,106) 606,724 1785,7631 63.123 374,072 838,135 (991,8881 575 {17.000) {800} 193,000 193,000 (517,000) Balance at 31 July 2021 1.058.TT8 36.200 11,314.0001 1219,022) 1296,1061 As part of unrestrirAed funds, the following funds have been designated for SFeufic purposes: 1 August 2020 31 July 2021 Expenditure Transfe Equipment Plant renesvdls 25,000 12,000 15,0001 4,200 20,000 16,200 37,000 800 36,200 Transfers represent intemal allocat.ons for future capttal costs. 20. RESTRICTED FUNDS CLRF Grant Community Grant Totsl 2021 Total 2020 Balance at l August 2020 Income Expenditure Transfers in I lout} 4,202 16,336 120.538} 3,600 12,4001 21,676 {17.784} 25.276 (20.1841 Balance at 31 July 2021 1.200 3,892 5,092 Page 25

CAMBRIDGE SPORTS HALL TRUST LiMThED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 21. ANALYSIS OF ASSEfs BEfwEEN FUNDS Unrestrtcted Funds 2021 Restricted Funds 2021 Total Funds 2021 Total Funds 2020 Tangible fixed assets Snveslments Current assets Creditors due within one year Creditors due in more than one year Defined benefft ￿nsiOn scheme liabilty 800.152 402.032 201.675 {268.8771 (40.004) {1,314.000) 800.152 888,962 403,085 373,638 206.767 175.072 {268,8771 {194,6111 (40.0041 149,1671 11.314.000) 11,490,000) 5,092 219,022 5.092 213.930 296,106 22. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTMTIES 2021 2020 Net incomel(expenditurel for the year las F*r Ststement of financial activities) 82,176 1674,3801 Adjustments for. Depreciab"on charges Interest income Dividends and interest from investments Decreasellincfftase) in stocks Ilncreaselldecrease in debtors Increaselldecrease) in creditors IDecreaSelllnc￿3$e in pension liability Increase in value of investments 91.317 (71 (9,9691 810 15.6321 65.103 {176,0001 168,3941 95,344 14571 (7,5631 166 11,814 9,518 525,000 13,638} 20.596 44,196 23. ANALYSIS OF CASH AND CASH EQUIVALETr¥rs 2021 2020 Cash in harld 146.126 119,253 146,126 119,253 Page 26

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Limited by Guarant¢¢l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 24. ANALYSIS OF NET DEBT At1 August 2020 Other non-cash changes At31 July 2021 Cash Flows Cash in hand 119,253 26.873 146.126 Creditors: Amounts falling due within one year Bank loans 18331 {9,1631 (9,9961 Credltoys: Amounts falling after MO￿ than one year Bank loans (49,167} 9,163 {4Q.0041 69,253 26,873 96.126 25. PENSION COMmrrMEI￿s The charity has pension obligations under the Local Govemment PensK)n Scheme and a money purchase scheme. The assets of the schemes are administered by TnEStees in a fund independent from those of the Gharity- At the year end. pension contributions outstanding induded in creditors amounted to £7.683 (2020 - £11.9671. The chanty has a further obligation to pay a pension for an ex¥employee and spouse {estimated at approximately £4.850 per annum) unbl their deaths_ This amount has not been accnJed due lo the unc£rtainty of future Irfe expectancy and the cost of preparing an actuarial valuation. Principal actuarial assumptsons at the Balan￿ Sheet date {express&l as weighted averages): 2021 2020 Pension increase rate Salary increase rate Discounl rate 2.85° 2.20Yo 2.700 1.40Vo 1.60°A Page 27

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Limited by Guar4nteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 25. PENSION COMMrtMENTS (continued) Movements in the present value of the defined benefft obligat.on were as follows: 2021 2020 Opening defined benefft obligatton Interest cost Contributions by scheme partictpants Current service costs Past service costs Beneffts paid Remeasurements Changes in demographic assumptions Changes in financial assumptsons Other experience 4962,1)00 69.000 13,000 94,000 4.481,000 94,000 17,000 113,000 {4,0001 1150,0001 {171,0001 61.000 411,000 147.0001 111,000 370,000 170,0001 Closing defined benefft obligatton 5,392.1)00 4.962,000 Changes in the fair value of scheme awts were as follows: 2021 2020 Opening fair value of scheme assets Interest income Contributions by employer Contributions by scheme parttcipants Benefits paid Remeasurements" Retum on assets 3.472.000 48,000 98.000 13.000 (171,0001 618,000 3,516,000 74,000 121,000 17,000 115Q,0001 {106,0001 Closing fair walue of scheme assets 4,078,000 3.472,000 The charity expects to contribute £93,000 to the defined benefft pension scheme for the period to 31 July 2022. Amounts for the current and previous period are as follows: 2021 2020 Defined benefit obligation Scheme assets (5.392.000) 4,078,000 (4,962,000) 3.472,000 Deficit 1.314,(100 1.490,000 Experience adjustments on scheme assets 193.000 1517,0001 Page 28

CAMBRIDGE SPORTS HALL TRUST LIMffED {A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 25. PENSION COMMrrMENTS (conllnued) Fair value of employer assets 2021 2020 Equities Bonds Property Cash 67% 17° 14rA* 2% 690/0 4° Mortality assumptions Life expectrancy is based on the Fund's VrtaCuNes with improvements in line with the CMI 2020 rnodel, with a 0% weighting of 2020 data. standard smoothing ISk71. initial adjustment of 0.5Q/o and a long-lemi rate of improvement of 1.5% p.a. Based on these assumptions. the average future lrfe expectancies * age 65 are summarised ￿10￿. Males years Females years Current pensioners Future pensioners 22.2 years 23.2 years 24.4 years 26.2 years Historic mortality Life expectsncies for the prior ￿riod end a￿ based on the Fund's Vrtacurves. The allowance for future improvements are shown bek)w" Prospective pensioners- CMI 2018 model assuming an allowan￿ for smoothing of recent mortalty experience and a long temi-rate of improvemenl of 1.250kn p.a. Pensioners - CMI 2018 model assuming an alk)wance for smoothing of recent mortality experience and a long temi-rate of improvement of 1.25°k p.a. Commutstion An allowance is included for fuiure tetirements to elect to take 251>k of the maximum addttsonal tax-free sh up to HMRC limits for pre-April 2008 Servi￿ and 64% of the maximum tsx-free cash for post-April 2008 service Page 29

CAMBRIDGE SPORTS HALL TRUST LIMITED IA Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 26. OPERATING LEASE COMMtrMENTS At 31 Juty 2021 the charity had fijture minimum lease payments under noTrcancellable operating leases as follows_. Land and buildings 2021 2020 Within 1 year BetW￿n 2 and 5 years Greater than 5 years 9,500 38,000 189,872 9,500 38,000 199,372 237,372 246,872 27. OTHER FINANCIAL COMMtrMENTS At 31 July 2021 the charity had (xprtal commrtments. contraded for but not provided in these financial statements of £NIL (2020 - £2.507). 28. RELATED PARTY TRANSACTIONS The charity has not entered into any related paty transaction during the year. nor are there any outstanding balan￿S owing betsveen related parties and the charity * 31 Juty 2021. 29. CONTROLLING PAR The charty is limited by guarantee and rt is not consKJered that there is a controlling party. Page 30

Registered number: 00979813 Charity number: 300371 CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Limiied by Guarnnte¢ CONTENTS Page Trustees. Report Reference and Administrative Delai15 of the ChaTity, its TTUStees and Advisets Independent Examlnefs Report ststement of Financial Activities Balance Sheet 10-11 Statement of Cash Flows 12 Notes to the Flnanclal Statements 13-30

CAMBRIDGE SPORTS HALL TRUST LIM￿ED (A Company Limited by Guarantee TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2021 The Trustees present their annual rekK¥rt together wth the financrdl statements of the Cambridge Sports Hall Trust Limited for the year 1 August 2020 to 31 July 2021. The annual report serves the purposes of both a Trustees, report and a directors. report under company law. The Trustees confimi that the annual report and financial statements of the charrtable company compty with the current statutory requirements, the requirements of the charitable companls goveming d(￿Ument and the provisions of the Statement of Recommended Practice (SORPI, applicable to chartb.es preparing their accounts in accordance with the Financial Reporting Standard appliCa￿e in the UK and Republic of Ireland IFRS 102) Isecond edibon- October 2020}. sin￿ the company qualifies as small under seth.on 382 of the Companies Act 2006, the strategic report required of medium and large ¢ompanEs under the Companies Act 2008 {Strategic Report and Directr)rs' Report) Regulations 2013 has been omiited. 0￿EcTIVEs AND AC￿v￿lEs POLICIES AND OWECTIVES The objects of the chartty are to provide sporting and recreational facilities for the residents of and visitors to Cambridge and the surrounding areas. The policy of extending free membership to Ihe disabled continues, as does its work with disadwantaged groups ￿￿thIn the communty. The charity operates as Kelsey Kerridge Sports Centre. MAIN ACTIVITIES UNDERTAKEN TO FURTHER THE cHAR￿￿s PURPOSES FOR PUBUC BENEFIT In the exercise of our E￿werS to that end. we have paid due regard to the published guidan￿ from the Charity Commission on the operation of the Publtc Benefft requirement under the Charrties Act 2011. Kelsey Kerridge aims to provtde a facility at an affordable rate which is accessible for everyone. We work in partnership wtth the City Council and other exlemal organisab.ons to provide facilrbe5 for disadvantaged groups at a discounted rate. giving individuals the Chan￿ to get involved sporb.ng activities, who othe￿iSe would not get the opportunity. Funding received from the Cty Council amounted to £21,676 in the financial yeor for which the charity is most grateful. Because of our charitable status, we do not aim to make a profit, so all proffts are used to improve the facilities for our users by providing UTrt￿date sports & fftness equipmenL maintaining the building and refurbishing where ne￿Ssary. SUSTAINABILITY Kelsey KerrTdge Sports Centre wll look carefulty at our activites and decide where we Can take action lo reduce our impact on the global environment and prO￿t or improve the local environment We will aim to achieve this by- Making energy effiuent measures wtthin the building on an on-going basis", Considering what impact our d￿[slon$ will make on the Iccal environment Making decisions that wll improve recycling: and Considering what impact our deasions wll have on the environment when choosing suppliers and purchasing goods. Page 1

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2021 ACHIEVEMENTS AND PERFORMANCE REVIEW OF ACTIVITIES Kelsey Kerridge has experienced another tutbulent year in which it was required by the UK Government to close due to the COVID-19 global pandern￿. The wiods of ¢losure were 5th November 2020 to 1st December 2020 and then again from 29th D￿rnber 2020 to 11th April 2021. For the pèriods the Sports Centre was able to open. it was operating under s(tial distancing restTiCtions. Levels of reskn"clions changed throughout the period in accordance with government instructions. they included limiting indoor sports to members of the same household only, or later to a maximum of six people_ The income levels for the year ended 3151 July 2021 were therefore signfficantly reduced. It is estimated that £425,000 of revenue was lost whilst the Centre was closed. The periods of closure included months that have histotically been busier times of the year. Whi15t the Centre was closed. existing rneMt￿Sh1pS were suspended, direct debr( members had their payments frozen and short lem members were offered an extensK)n to their m￿bership or a ￿fund. It is noted that very few members requested a refund. RedU￿d rates conb.nued to be given to individuals with disabilities and groups on low income. Our vision is to make fitness accessible to all. IndNiduals do not have to commii to a membership but can attend on a pay-as- you-go basis. The cost of these concessions during the year was £5.109. We continue to have regular contact vrith Cambridge Cty Council sports and recreation officers for the benefit of the local inhabitants. INFORMATION ON FUNDRAISING PRACTICES The Charity does not currenlly raise fvnds from the publtc nor does tt receive funding from, or ￿ake applications lo, trusts and foundations, nor does rt receive public subsidies. Should fundraising activities pccur in the future, the Charity is (X)mTntited to avoiding any intr￿r￿e fundraising approaches and will never apply undue pressure to donate. FINANCIAL REVIEW FINANCIAL PERFORMANCE Income from charitable acttvities for the year reduced by 33% due to the impact of the forced Closu￿ and the ongoing restrictions the Sports Centre operated under when rt was open. The costs of running the Charity were very carefully managed and they decreased by 20.4%. The Charity was able to make use of the government furfough scheme to help cover the cost of staff wages. Financial support was also received from the IC￿al authority for the periods in which the Sports Centre was closed. Local Restrictions Support Grants totslled £42,085. irscluding an £18,000 restart grant for the reopening of the Centre on 12th April 2021. The Charity was also awarded £50,000 from the Sport England Community Leisure Recovery Fund. This funding was made available by Sport EngLqnd for qualifying muhFuse Sports Centres to bridge the gap be￿een in￿rne and expendÉture for the period 14 April 2021 to September 2021. This was in recognition of the fact that Sports Centres were not able to operate at full capacity for the majority of this period. As well as this, Sport England provided a further £3,600 SUPF#)rt package to help the Centre with Éts reporting obligations for the grant and for some professional Ser¥￿eS to support the Centre going forward. Although the pension deficit has seen a decrease during the year. this is still contr"buting to the negative resetves on the Balan￿ Sheet This is considered a long-term liabiltty for which a repayment plan has been agr￿d and will be met from fijture charitable activity surpluses. AddJb"onal corktn"butions specrfically to clear the deficit began in April 2021 as agreed wtlh the ￿herne provider. Page 2

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company LiFnited by Guardntse) TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2021 Irs previous years the cash generated from operating surpluses has been invested in new equipmenl and maintenance of the Sports Centre. Due to this continued investment prioi to the pandemic, the Trustees are confident that both facilthes and sports equipment remain at a very high standard even though the last bmo financial years have been difficu￿ The Twstees will look to maintain income levels in future accounting periods by continued investment in the swrts facilrttes and by providing a wide range of activities. The Trustees ￿vIaty review the cha￿S activtties and the opportunrties available and the risks to which the charity is exposed. The T￿SteeS monitor financial perfomiance against budget and the previous year each month and Varian￿ are explained. A detailed budget is prepared annually. RESERVES POLICY Historically, it has been the policy of the T￿￿eeS to ensure that the re*Tves of the charity do not fall below a minimum of three months. operational costs. At the year end, unrestricted funds, excluding the pension deficit of £1,314,000, stood at £1.094,978. of which £36,200 had been designated for future capital projects, £800,152 was represented by fixed assets and £403.085 was represented by fixed asset investments, leaving negative free reserves of £144,459. This is not in line vAth Ihree months operat￿nal costs and the Trustees recognise that this desired policy may not be achievable in the current climate_ However, the Trustees will conts'nue to manage costs wherever possible and they are confident surpluses can be achieved again in the future now that the Sports Centre is fvlly operattonal again. Under the Memorandum and Artides of Association, the chanty has Ihe power to make investrnents and or borrowings which the Trustees see fit GOING CONCERN SOCHI distsn¢ing and cor¢lact restrithons were ￿llY lifted in Engknd on 19th July 2021 and the Sports Centre has been able to operate at fi]11 (zpacty from this date for the first time since March 2020. It is hoped that over the next ￿e1ve months there will be a retum to nomialrty in temis of income the Sports Centre ean achieve. The Trustees are sattsfied that the Chanty does have suffiCi￿t cash reserves to cover a deficit between income and expenditttre in the short temi. The majority of the Chartty's cash is held in Investments managed by JM Finn. The cash can be redeemed at short notice and the cash flow is being dosely monitored in ￿se this becomes necessary. INVESThIENTS POLICY Any investrnent decisions undertaken by the Trustees must safeguard the assets of the charity and therefore are in accordan￿ wtth the guidelines laid down by the Chanty Commission. PLANS FOR FLTfuRE PERIODS The Trustees wnts.nue to reinvest funds to improve the faciltbes by keeping up to date with new equipment and refurbishing areas of the sports facilty as and where required. There is a detailed programme of work that sets the dates for major refurbishmenl and Maintenan￿ activities over the next few years. Any surpluses on operating activities are therefore fulty committed to allow this work to tske pla￿. Page 3

CAMBRIDGE SPORTS HALL TRUST LIMrrED IA Company Llmit¢d by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2021 STRUCTURE. GOVERNANCE AND IAANAGEMENT CONSTITirnON The charity is regislered as a charitable company limiled by guarantee and was set up by a Memorandum and Articles of Association on 18 May 1970 as amended 17 November 1999. It is registered as a charity with the Charity Commission, under charty number 30037. METHOD OF APPOINThIENT OR ELECTION OF TRUSTEES The management of the charity is the resFonsibilty of the Trustees who are elected and co-opted under the temis of the Memorandum and Articles of Ass¢xiation. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES New Trustees are briefed on their legal obligations under Charity and Company Law, the Content of the Articles of Association, the TNstee decision making processes. and recent financial perfomiance of the charity. Trustees are encouraged to attend appropriate exiemal training events where these will facilitate the undertaking of their role. and Trustees, meeb'ngs whenever possible in order to maintain their awareness of the charity's activities. PAY POLICY FOR SENIOR STAFF No specific benchmarks are empk)yed in setting the parameters for staff payment, including that of senior staff, other than a broad regard of current payment. inflation and competibve 'going rates.. The govemment 'living wage, criteria are also obseNed. ORGANISATIONAL STRUCTURE AND DECISION MAKING The Trustees are reSF)0nsib￿ for establishing the overall poly and dIreCt￿n to enable the charity to meet its objectives. The key management deciwons are taken by the Trustees as a whole although the Trustees have delegated certain types of rnanagement deusiorts to the chatws executs've staff. The main stakehokler5 are enbtted to a fomial representstion the board and are i￿luded on the reference and administrative detsi15 of the chanty {page 5). RISK MANAGEMENT The Trustees regulady review the activilies and the opwrtunrbes avaiL4ble and Ihe risks to which the charity is exposed, in particular those related to the operations and finan￿ of the charity. The Trustees monitor financial performance against budget and the previous year each month and variances are explained. A detailed budget is prepared annually. Key risks to the charity include loss of key staff and the rellan￿ placed on Cambridge Cty CoLEncil for the lease of the premises. The Trustees rewew a fom￿1 risk register at each meeb.ng as a standard agenda item and are satisfied that systems and procedures are in place to mibgate our exrM)sure to the major risks. Page 4

CAMBRIDGE SPORTS HALL TRUST LIMITED IA Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 JULY 2021 MEMBERS. LIABILITY The Members of the charitable company guarantee to contn.bute an amount not exceeding £1 to the assets of the charity in the event of wnding UP. TRUSTEES. RESPONSIBILMES STATEMEKr The TnJstees (who are also directors of Cambridge Sports Hall Trust Limiied for the purposes of ¢ornpany lawl are resFX)nsible for preparing the Trustees. ReFM)rt and the finanual statements in accordance with applicable law and regulations. Company taw requires the Trustees to Prepa￿ finanaal stslements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affaiTS of the charitable company of the incoming resources and application of resources, including the income and expendiiure, of the dwritable Cr￿panY for that period. In preparing these financial statements, the Trustees are required to: select suitable accounting wlicies and then apply them conS￿ten￿y.' obserye the methods and princip￿ in the Charities SORP", make judgments and actounting estimates that are reasonable and prudenL Prepa￿ the finarscial statements on the going cOn￿M basis unless it is inappropTiate to presume that the charitable company will conbnue in operalion. The T￿sleeS are responsible for keeping adequate aCr￿Unting recnrds that are sufficient to show and explain the charitable company's transactions and disdose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 20[￿. They are also responsible for safeguardir¢g the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregutarities. This report was approved by the Trustees and signed on their behalf by.. Mr L Phanco Chairman Date: Z ZOL Page 5

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Limlted by Guarnntee REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2021 Trustees Mr K Amiri Mr A L Johnson Mr M Roman Mrs S Dean Mr P B Kerridge Mr L Phanco Mr S Powley Company reglstered number 00979813 Charity registered number 300371 Reglstered office Kelsey Kettidge Sports Centre Queen Anne Terr Gonville Pla Cambridge CB11 Company Se¢￿tary Mrs D Cowell President Mr P B Kerridge Chairnian Mr L Phanco Vi¢e£hairnian Mr KAmiri Manager Miss L J M Shadrack Appointed representatives Cambridge City Council ambridgeshire County Council Cambridge University South Cambridgeshire District Council No appointment Cllr H Cox Condron No appointment No appointment Independent examlners Peters E￿orthY & Moo Chartered A(rA)untants ststutory Auditors Salisbury House Statton Road Cambridge CB12LA Banke Bardays Bank plc St Andrews Street Cambridge CB2 3AA Page 6

CAMBRIDGE SPOFtrs HALL TRUST LIMITED IA Company Llmited by Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2021 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CAMBRIDGE SPORTS HALL TRUST LIMITED (the 'charity') I rewrt to the tharrty Trustees on my examinatron of the accounts of the charity for the year ended 31 July 2021. This report is made solely to the charitys Trustees. as a brxyy, in accordan￿ with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My wot1( has been undertaken so that I might state to the charity's Trustees those matters l am required to state to them in an Independent Examinerfs Rewrt and for no other purpose. To the fullest extent permrtted by law. I do not a￿pt or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this repo RESPONSIBILITIES AND BASIS OF REPORT As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charitres Act 2011 Ilhe 2011 Acf). I report in ￿sPeCt of my examination of the chariV5 accounts ￿TrIed out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions giveri by the Charity Commission under section 14515){b} of the 2011 Aci INDEPENDENT EXAMINER'S STATEMENT Your attents.on is drawn to the fact that the charity has p￿pared the accounts in accordance wtth Accounting and Reporting by Charities: Statement of Recommended practi￿ applicable to charib.es preparing their accounts accordance with the FinancLal Reportif7g Stsndard appI￿able in the UK and Republic of Ireland IFRS 1021 in preferen￿ lo the Accounting and Reporting by Charitres: Statement of Recommended Practice issued on 1 April 2005 which 1$ referred to in the extant reguiations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounlrng Pr￿1￿ effective for rewting perM)ds beginning on or after l January 2015. I have completed my examinats"on. I can confim that no matters have come to my attention in connection with the examination giwng me cause to believe that in any material respecL accounting r￿rdS were not kept in respect of the charity as required by section 130 of the 2011 Act., or the accounts do not accord with those records" or the accounts do not comply with the applicable requirements conceming the fomi and content of accpunts set out in the Charities {Ac(x)unts and Reports) Regulattons 2008 other than any requirement that the accounts give a 'true and fairf view which not a matter considered as part of an independent examinab"on. Page 7

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 31 JULY 2021 I have no Con￿MS and have come across no other rnatters in connection wtth the examination to which attention should be drawn in this ￿port in order to enable a proper understanding of the accounts lo be reached. Kelly Bretheriek FCA Peters Elworthy & More Salisbury House Station Road Cambridge CB12LA Date.. 25 March 2022 Page 8

CAMBRIDGE SPORTS HALL TRUST LIMITED IA Company Limited by Guarantee STATEMEKf OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 JULY 2021 Unrestricted funds 2021 Restricted funds 2021 Total funds 2021 Total funds 2020 Note INCOME FROM: Donations an(J grants Other trading activities Investments Charitable actTVtties Other inu)me 75,418 19,105 9.976 395.514 106.711 25,276 100,694 19,105 9,976 395,514 106,711 16,336 22,356 8,020 694,664 113,095 TOTAL INCOME 6C6.724 25.276 632,000 854,471 EXPENDITURE ON: Raising fvnds Other trading ath"vities lftvestment management Charitable actNities 2,723 4,698 778,342 2,723 4,698 798,526 4.613 4,500 1,003,313 20,184 TOTAL EXPENDITURE 785.763 20,184 805.947 1,012,426 NET INCOME BEFORE INVESTMENT GAINSIILOSSES) {179.0391 5.092 (173,947) 1157,9551 Net gains on investments 14 63.123 63,123 575 NET INCOME BEFORE OTHER RECOGNISED GAINSI(LOSSES) (115.916) 5,092 {110,824} 1157,3801 Actuarial gaIn￿{lOSseS) on defined benefit pension schemes 25 193.000 193,000 (517,0001 NET MOVEMENT IN FUNDS 77,084 5,092 82,176 {674,3801 RECONCILIATION OF FUNDS: Total funds brought forvrdrd {2*.106) (296,106) 378,274 TOTAL FUNDS CARRIED FORWARD 219,022 5.092 213,930 296,108 AII activiti.es relate to continuing opwations. The notes on pages 13 to 30 fomi part of these finanaal siatements. Page 9

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 00979813 BALANCE SHEET AS AT 31 JULY 2021 2021 2021 2020 Note 2020 FIXED ASs￿s Tangible assets Investments 13 14 800,152 402,032 1,202: 184 888,962 373,638 1,262.600 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 15 16 23 3,516 57.125 146.126 2t%.767 4,326 51.493 119,253 175,072 CREDITORS: amounts falling due within one year 17 268.8 194,611 NET CURRENT (LIABIL￿lES) I ASSETS 162,110) (19,5391 TOTAL ASSEfs LESS CURREP LIABILITIES 1,140.074 1.243,061 cRED￿ORS. amounts falling due after more than one year Defined benefrt pensK)n scheme liability 18 (40,004) {49,167) 25 (1,314,000) {1.490,0001 NET ILIABILMES) I ASSErs 213,930 296,106 CHARITY FUNDS Restricted funds Unrestricted funds 20 19 5.092 (219.022) 1296,106} TOTAL FUNDS 213,9301 296,106 For the financial year in questron the company was enliued to exempb.on under section 477 of the Companies Act 2006 relating to small compantes. No members have required the company to obtain an audit of its &counts for the year in question in accordance with section 476 of the Companies ArA 2006. The d1￿CtorS acknowledge their responsibility for compl￿"ng with the requirements of the Act with respect to accounting records and for the preparalion of ￿Ounts. These accounts have been prepared in ac￿)rdanCe with the provisions applicabl& to companies subject to the small companies, regime. Page 10

CAMBRIDGE SPORTS HALL TRUST LIM￿ED (A Company Limtted by Guardnteel REGISTERED NUMBER: 00979813 BALANCE SHEEr AS AT 31 JULY 2021 The financial siatements were approved by the Trustees and signed on their behalf, by.. Mr L Phanco Director Dale.. The notes on pages 13 to 30 fom part of these finanaal statements. Page 11

CAMBRIDGE SPORTS HALL TRUST LIMrtED (A Company Limit￿ by Guarnntee) STATEMETr￿ OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2021 Note 2021 2020 CASH FLOWS FROM OPERATtNG ACnVITIES Cash provided by operating aetlvllies 120,596) 144,196) CASH FLOWS FROM INVESTING ACTlVtnES: Interest income Dividends and interest from investments Purchase of tsngible fixed assets Cash investrnent in JM Finn 457 7,563 (28,771 } 1370,0001 9,969 12,507) 40,000 CASH USED IN INVESTING ACTivmES 47,469 390,751 CASH FLOWS FROM FINANCING ACTivmES: New loan Repayment of borrowing 50,000 CASH USED IN FINANCING ACTIVMES 50,000 In¢reasel(decrease) in cash and (ash equNalents in the year 26,873 {384.9471 Cash and cash equivalents at the beginning of the year 23 119,253 504,200 CASH AND CASH EauNALEp¥fs AT THE END OF THE YEAR 23 146,126 119,253 The notes on pages 13 to 30 form part of these financial staternents. Page 12

CAMBRIDGE SPORTS HALL TRUST LIMrrED (A Company Limited by Guarnntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 ACCOUNTING POLICIES 1.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS The financial statements have been prepared in ￿cOrdanCe vthh Accounting and Reporting by Charities". Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordance wtth the Finanaal Reportsng Standard appli(2ble in the UK and Republic of Ireland (FRS 102115econd edibon of Charitses SORP (FRS 1021 October 2020}, the Financial Repgrting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Cambridge Sports Hall Trust Limrted m￿ts the definitson of a public tenefft entity under FRS 102. Assets and liabilities are In￿allY recognised at historical cost or transaction value unless otherwise ststed in the relevant accounting policy. 1.2 GOING CONCERN At the year end the Charty had net liabilities of £213,930. The Centre was closed under national resthctions due to the ongoing Covid-19 pandemic for 130 days during the year ended 31st July 2021 which represents over a third of the year. For the periods it was open, tt was operating under social restn"ctions which were only fully Itfted on 19th July 2021. As the Sports Centre is now fully opeBb'onal again. the Trustees are confident that surpluses can be generated again in future wiods. but acknowledge that this may take time. As a result of the uncertainty around vthen the Spots Centre will be able to generate a surplus again, the trustees acknovledge that a degree of uncertainty exists which may cast doubt about the Charitys ability to continue as a going concern, however the Tmstees have reviewed the rash flows and forecasts and are confident the Chanty has sufficient cash reserves to enable them to continue in operational existence for the foreseeable fubjre. Furthemiore. whilst the pension deficit has seen a reduction during the year, this is considered a long-term liabilty for which a repayment plan has been agreed and will be met from future chartsble acty.vty surpluses. Addrtional contributions specifically to clear the deficrt began in April 2020 as agreed with the scheme provider. As a result of Ihe uncertainty around when the Sports Centre will be ab￿ to generate a surplus again, the trustees acknO￿edge that a degree of Un￿rtaInty exists which may cast doubt about the Charity's ability to continue as a going concern and that it may be unable to realise its assets and discharge tts liabiltbes in the nomal Course of business. The financial statements do not include adjusbnents that would result if the charity were unable to continue as a going concem. 1.3 COMPANY STATUS The charity is a company limÈted by guarante. The members of the company are the Trustees named on page 5. In the event of the company being wound up. the liabilty in respect of the guarantee is limrted to £1 per member of the company. 1.4 SIGNIFICANT JUDGEMENTS AND ESTIMATES No signtficant judgements have had to be male by management in preparing these financial ststements. Page 13

CAMBRIDGE SPORTS HALL TRUST LIMrrED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 1.5 FUND ACCOUNTING General hjnds are unrestn.cted funds whth are available for u* at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted ftjnds are funds whth are tr) be used in accordance with spe¢rfic restrictions imposed by donor5 or which have been raised by the tharty for parbcular purposes. The costs of raising and administering such funds are charged against the specffic fund. The aim and use of each restricted fvnd is set out in the notes to the financial statements. Designated fvnds comprise unrestricted fijnds thal have been set aside by the Trustees for particular purposes. The aim and use of each designated fvjnd is set out in the notes to Ihe financial statements. 1.6 INCOME All income is recognised On￿ the charity ha5 enljtsement to the income, it is probable that the income will be recetved and the amount of income receivable can be measured reliably. Admissions income is recognised on the date of admission. Other income is recognised in the period in which it is rel￿1Vable and to the extent the goods have been provided or on Comp￿tK)n of the Sery￿e. GraTrts are included as inc(ffie when these are received I receivable. Grant income is deferred where it relates to dIs¢￿tiOnary rate relief for future peric#Js. Interest on fvnds held on depostt is ine]uded when re￿1vable and the amount can be measured reliably by the chartty,. this is no￿allY upon not￿atiOn of the interest paid or payable by the Bank. Other incorne represenl amounts r￿Nable under the Coronavinjs Job Retention Scheme ICJRSI to cover salaries of furlou9hed staff. This income is recognised on the accruals basis, over the same perÈod as Ihe related expendilure. 1.7 EXPENDITURE Expenditure is recognised On￿ Ihere is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic beneffts will be required in settlement and the amount of the obligation ¢2n be measured reliably. Expenditure is classified by activity. The costs of each acbvty are made up of the total of direct costs and shared costs, including supwrt costs invofved in undertaking each activity. Direct costs attributable to a single aclNity are allocated directly to that actNity. Shared costs whi¢h contribute to more than one activity and support costs which are not attributable to a single activity are apporhoned between those acb"vities on a basis consistent with the use of resour￿. Central staff costs are allocated on the basis of time spen( and depreaation charges alhxated on the porb.on of the asseys use. Support costs are those costs incurred dIreC￿Y in support of expenditure on the objects of the charity and include governance costs. Govemance costs are those incurred in connection with administrakn.on of the charity and Complian￿ wilh constitutional and statutory requirements. Irrecoverable VAT is charged against the expendiiure heading for which it was incurred. Page 14

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Limited by Guarantsel NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 1.8 TANGIBLE FIXED ASs￿s AND DEPRECIATION Tangible fixed assets a￿ camed at cost net of depreciation and any provision for impaiment. Depreciation is provided at rates tslculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the followng bases" Leasehold Propety Equipment, fixtures and ffttings Oudooks gymnawum Climbing wall Straight line over lrfe of tease 5%- 33Yo on cost 5%- 33% on cosl 4Yo on cost 1.9 STOCKS Stocks a￿ valued at the lower of cost and net realisable value after making due allOwar¢￿ for obsolete and sk)W-moving stocks. 1.10 TAXATION The chartty is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the defintbon of a charitable company for UK corporation lax purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or capital gains received wÉthin categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusivdy to charitable purposes. 1.11 DEBTORS Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 1.12 CASH AT BANKAND IN HAND Cash at bank and in hand includes cash and short temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar ac(x)unL 1.13 LIABILITIES AND PROVISIONS Liabilities are recognised when there is an obligation at the Balan￿ Sheet date as a result of a past event tt is probable that a transfer of economic benefit will be required in setuement, and the amount of the settlement can be eslimated reliably. Liabilities are recognised at the amount that the chanty anticipatss it will pay to settle the debt or the amount it has re￿IVed as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liabilty. The unwnding of the discount is recognised wffthin interest payable and similar charges. Page 15

CAMBRIDGE SPORTS HALL TRUST LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 ACCOUNTING POLICIES (continued) 1.14 FINANCIAL INSTRUMENTS The chanty only has finan(ial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are In￿allY rwnised at transactK)n value and subsequentty measLtred at their setuement value. Financial assets measured at amortised cost (x)mprise trade debtors and other debtors. Financial liabilities measured at amotb5ed u)st comprise trade creditors. financial liabiltties and accruals and deferred income. 1.15 PENSIONS The chaTty participates in the Icral govemment pension scheme operated by Cambridgeshire County Counal. The scheme is a defined benefft stheme and the pension charge is based on a full actuarial valuation dated 31 July 2021. The LGPS is a fvnded scheme and the assets are held separately from those of the chartsble company in separate Trustee administered funds. Pension scheme assets are measured at fair value and liabilities are measured on an actuarial basis using the projected unit Meth￿ and discounled at a rate equNalent to the current rale of return on a high quality corporate t￿}nd of equivalent teTh and currency to the liabilities. The actuarial valuations are obtained at least triennially and are updated at each balan￿ sheet date. The amounts charged to operating surplus are the current Servi￿ cosis and gains and losses on the settlements and curtailments. They are induded as part of staff costs. Past Servi￿ costs are recognised immediately in the Statement of Financial ACtiV￿e$ rf the beneffts have vested. If Ihe benefits have not vested immediately, the costs are recognised over the period vesting occurs. The expected retum on assets and the interest cost are shown as a net finance amount of other finance costg or credits adjacent to interest Actuarial gains and losses are recognised immediately in other gains and losses. The charity also operates tsvo defined o)ntribution pension schemes and the pension charge includes the amounts Payab￿ by the charity to the fijnd in respect of the year. Page 16

CAMBRIDGE SPORTS HALL TRUST LIMrrED {A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 INCOME FROM DONATIONS AND GRANTS Unrestricted Funds 2021 Restricted funds 2021 Total funds 2021 Totsl Funds 2020 Cambridge City Counal grant and rates relief Local restrictions support grant Communrty Leisure Recovery Fund 21,676 21,676 42,085 36,933 16,336 42,085 33,333 3,600 75,418 25,276 100,694 16,336 In 2020 all of the income was restri￿. TRADING INCOME Unrestricted Restricted Funds funds 2021 2021 Total funds 2021 Totsl Funds 2020 Other trading income 19,105 19,105 22,356 19,105 19.105 22,356 In 2020 all of the income was Unrestr￿ted. Page 17

CAMBRIDGE SPORTS HALL TRUST LtMrrED IA Company Limited by Guarnntee) NOTES TO THE FINANCIAL STATEMETr¥rs FOR THE YEAR ENDED 31 JULY 2021 INVESTMEkTf INCOME Unrestricted Restricted lunds funds 2021 2021 Total funds 2021 Total Funds 2020 Bank Interest receivable DNidends and interest from investrnents 457 7,563 9.969 9,969 9.976 9,976 8,020 In 2020 all of the In￿Me vras unrestricted. INCOME FROM CHARITABLE AcTI￿nEs Total fvnds 2021 Total funds 2020 funds 2021 funds 2021 AdmissKpn fees and MeMt￿$hlps Use of facilities 94,994 300,520 94,994 300.520 130,827 563.837 395,514 395,514 694,664 In 2020 all of the income was unrestricted. OTHER INCOME Unrestricted Restricted funds funds 2021 2021 Total funds 2021 Total funds 2020 Govemment grants receivable 11A.711 106,711 113.095 106.711 106.711 113,095 Govemment grants represents amounts receivable" under the Coronavirus Job Retention Scheme (CJRSI of £105,461 (2020 £113,095) to cover salaries of fudoughed stafF, and L5nder the standard temis of the Boun￿ Back Loan Scheme IBBLS) of £1,250 {2020 - £NIL). Page 18

CAMBRIDGE SPORTS HALL TRUST LIMrrED (A Company Limited by Guarnntee} NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 EXPENDITURE ON RAISING FUNDS Unrestricted Restricted Funds funds 2021 2021 Total Funds 2021 Total funds 2020 Other trading expendrture 2,723 2,723 4,613 2.723 2,723 4,613 In 2020 all of the expenditure was unrestricted. CHARITABLE ACTMTIES EXPENDITURE Unrestricted Restricted funds funds 2021 2021 Total funds 2021 Total funds 2020 Direct costs {note 9) Support costs (note 10) 507.102 271,240 13,456 6.728 520.558 277,%8 595,973 407,340 778.342 20.184 798.526 1,003,313 In 2020. expendlture on charilable activibes was £1.003.313 of which £982.775 was unrestricted and £20,538 was ￿$triCted. DIRECT COSTS Charitable activltles Total 2021 Total 2020 Wages and salaries Social security costs Other pension costs Net interest cost on defined benefft pension schemes Electricity, gas and water Cleaning Equipment, renewals and refijtbthments Rent and rates Insuran Professional fees Depreciation (Profft}Iloss on disposal of fixed assels 243,997 15.798 55,175 45.000 34.657 4,467 18.664 17.958 17.707 6.257 60.878 243,997 15,798 55,175 45,000 34,657 4,467 18,664 17,958 17,707 6,257 60,878 279,842 19,032 74,756 15,000 51,739 5,801 47,587 17,875 15,884 4,677 63.880 {100} 520,558 520.558 595,973 Page 19

CAMBRIDGE SPORTS HALL TRUST LIMITED {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 10. SUPPORT COSTS Other Support Total 2021 Totsl 2020 Governance Wages and salaries Social security costs Other pension costs Electricity, gas and water Cleaning Equipment. renewals and refurbishments Rent and rates Insurance Professional fees Travel and parking Marketing Audit and accountancy fees Printing, postage and ststionery IT and telecommunic*ions Subscriptions Performing rights Collectors fees Miscellaneous Staff welfare and ￿nefftS Recruithent fees Bank charges Depreciation Interest payable IProfft)Iloss on disposals 121,998 7,899 27,588 17,329 2.232 121,998 7,899 27,588 17,329 2,232 152,047 12,041 46,813 25,483 2,857 9,332 8,979 8,853 3,128 3.900 11,011 9,332 8,979 8,853 3,128 3,900 11,011 567 4,776 6,266 1,409 4,843 16 938 1,366 23,439 8,804 7.834 2,303 21,752 33,495 6,477 4,104 5,680 1,929 5,606 2,836 1,209 4,584 1,025 5,618 31,464 4.776 6,266 1,409 4,843 16 938 1,366 3,756 30,439 3,756 30.439 1,343 (50) 567 277.401 277,968 407,340 11. INCOMEI{EXPENDITURE) This is stated after chargirsg: 2021 2020 Depreciation and loss on disposal of tangible fixed assets: - ¢)wned by the charity 91,317 95,194 Page 20

CAMBRIDGE SPORTS HALL TRUST LIMrrED (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 12. STAFF COSTS, TRUSTEE REMUNERATION AND EXPENSES AND THE COST OF KEY MANAGEMENT PERSONNEL Staff costs were as follows: 2021 2020 Wages and salaries Social security costs Other pension costs 365,995 23,697 82,763 431,889 31,073 121,569 472.455 584,531 The average number of persons empk)yed by the charity during the year was as follows.. Number Number Administration and management Reception Maintenan Recreats"on 18 20 The key management personnel of the charity comprise the Trustees. The Trustees all give their time and expertise without any kind of remuneration or other benefit in kind12020 - £NIL)- During the year, no Trustees recewed any reimbursement of expenses (2020- £NIL}. Page 21

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CAMBRIDGE SPORTS HALL TRUST LIMITED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 14. FIXED ASSET INVESTMENTS Cash held at investment manager Llsted securities Total Securilies MARKEf VALUE At 1 August 2020 Additions Disposals (proceeds £63,810} Movement on cash at investors Revaluations 366,902 32,275 (59,2601 6,736 373,638 32,275 (59.260) {3,1941 58,573 (3,1941 58,573 At 31 Juty 2021 398,490 3,542 402,032 15. STOCKS 2021 2020 Goods for resale and ststionery 3.516 4,326 16. DEBTORS 2021 2020 Trade debtors Other debtors Prepayments 30.024 2,601 24.500 17,259 4,010 30,224 57,125 51,493 Page 23

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Llmited by Guarnntee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 17. CREDITORS: Amounts falling due within one year 2021 2020 Bank loans Trade creditors Other taxation and social secuTty Accruals Deferred income Other creditors 9,996 12.165 6,892 138,329 86.133 15,362 833 10,123 7,274 75,120 72,667 28.594 268 877 194,611 Bank loans indude5 a Govemment backed 'tx)unce back, loan. which Yras drawn down in July 2020. This loan is 100.kn guaranteed by the Govemment and there will be no fees or interest payable in the first 12 monlhs. After this 12-month period, interest will be charged at 2.5% per annum. Deferred income comprises kx21 authority (x)ntributions. membership fees, admission, hire charges and mobile phone tental re￿]ye￿ in advan￿. DEFERRED INCOME Deferred income at 1 August 2020 Resources deferred during the year Amounts released from previous years 72,667 86.133 72.667 Deferred income at 31 July 2021 86.133 18. CREDITORS: Amounts falliro due after more Ihan one year 2021 2020 Bank loans 40.004 49,167 40,004 49.167 Bank loans includes a Govemment backed 'tOUn￿ back, loan, which was drawn down in July 2020. This loan is 100% guaranteed by the Govemment and there will be no fees or interest payable in the first 12 months. After this 12-month period. interest will be charged at 2.50h per annum. Page 24

CAMBRIDGE SPORTS HALL TRUST LIMrrED IA Company Limited by Guardntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 19. UNRESTRICTED FUNDS General funds Designated funds Pension reserve Total 2021 Total 2020 Balance at 1 August 2020 Income Expenditure Net gains on investments Transfers in I lout) Actuarial gainsl{lO￿s) on defined benefft pension schemes 1,156.894 606.724 {768.763) 63,123 37,000 {1.490.000) 1296,106) 606,724 1785,7631 63.123 374,072 838,135 (991,8881 575 {17.000) {800} 193,000 193,000 (517,000) Balance at 31 July 2021 1.058.TT8 36.200 11,314.0001 1219,022) 1296,1061 As part of unrestrirAed funds, the following funds have been designated for SFeufic purposes: 1 August 2020 31 July 2021 Expenditure Transfe Equipment Plant renesvdls 25,000 12,000 15,0001 4,200 20,000 16,200 37,000 800 36,200 Transfers represent intemal allocat.ons for future capttal costs. 20. RESTRICTED FUNDS CLRF Grant Community Grant Totsl 2021 Total 2020 Balance at l August 2020 Income Expenditure Transfers in I lout} 4,202 16,336 120.538} 3,600 12,4001 21,676 {17.784} 25.276 (20.1841 Balance at 31 July 2021 1.200 3,892 5,092 Page 25

CAMBRIDGE SPORTS HALL TRUST LiMThED IA Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 21. ANALYSIS OF ASSEfs BEfwEEN FUNDS Unrestrtcted Funds 2021 Restricted Funds 2021 Total Funds 2021 Total Funds 2020 Tangible fixed assets Snveslments Current assets Creditors due within one year Creditors due in more than one year Defined benefft ￿nsiOn scheme liabilty 800.152 402.032 201.675 {268.8771 (40.004) {1,314.000) 800.152 888,962 403,085 373,638 206.767 175.072 {268,8771 {194,6111 (40.0041 149,1671 11.314.000) 11,490,000) 5,092 219,022 5.092 213.930 296,106 22. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTMTIES 2021 2020 Net incomel(expenditurel for the year las F*r Ststement of financial activities) 82,176 1674,3801 Adjustments for. Depreciab"on charges Interest income Dividends and interest from investments Decreasellincfftase) in stocks Ilncreaselldecrease in debtors Increaselldecrease) in creditors IDecreaSelllnc￿3$e in pension liability Increase in value of investments 91.317 (71 (9,9691 810 15.6321 65.103 {176,0001 168,3941 95,344 14571 (7,5631 166 11,814 9,518 525,000 13,638} 20.596 44,196 23. ANALYSIS OF CASH AND CASH EQUIVALETr¥rs 2021 2020 Cash in harld 146.126 119,253 146,126 119,253 Page 26

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Limited by Guarant¢¢l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 24. ANALYSIS OF NET DEBT At1 August 2020 Other non-cash changes At31 July 2021 Cash Flows Cash in hand 119,253 26.873 146.126 Creditors: Amounts falling due within one year Bank loans 18331 {9,1631 (9,9961 Credltoys: Amounts falling after MO￿ than one year Bank loans (49,167} 9,163 {4Q.0041 69,253 26,873 96.126 25. PENSION COMmrrMEI￿s The charity has pension obligations under the Local Govemment PensK)n Scheme and a money purchase scheme. The assets of the schemes are administered by TnEStees in a fund independent from those of the Gharity- At the year end. pension contributions outstanding induded in creditors amounted to £7.683 (2020 - £11.9671. The chanty has a further obligation to pay a pension for an ex¥employee and spouse {estimated at approximately £4.850 per annum) unbl their deaths_ This amount has not been accnJed due lo the unc£rtainty of future Irfe expectancy and the cost of preparing an actuarial valuation. Principal actuarial assumptsons at the Balan￿ Sheet date {express&l as weighted averages): 2021 2020 Pension increase rate Salary increase rate Discounl rate 2.85° 2.20Yo 2.700 1.40Vo 1.60°A Page 27

CAMBRIDGE SPORTS HALL TRUST LIMITED (A Company Limited by Guar4nteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 25. PENSION COMMrtMENTS (continued) Movements in the present value of the defined benefft obligat.on were as follows: 2021 2020 Opening defined benefft obligatton Interest cost Contributions by scheme partictpants Current service costs Past service costs Beneffts paid Remeasurements Changes in demographic assumptions Changes in financial assumptsons Other experience 4962,1)00 69.000 13,000 94,000 4.481,000 94,000 17,000 113,000 {4,0001 1150,0001 {171,0001 61.000 411,000 147.0001 111,000 370,000 170,0001 Closing defined benefft obligatton 5,392.1)00 4.962,000 Changes in the fair value of scheme awts were as follows: 2021 2020 Opening fair value of scheme assets Interest income Contributions by employer Contributions by scheme parttcipants Benefits paid Remeasurements" Retum on assets 3.472.000 48,000 98.000 13.000 (171,0001 618,000 3,516,000 74,000 121,000 17,000 115Q,0001 {106,0001 Closing fair walue of scheme assets 4,078,000 3.472,000 The charity expects to contribute £93,000 to the defined benefft pension scheme for the period to 31 July 2022. Amounts for the current and previous period are as follows: 2021 2020 Defined benefit obligation Scheme assets (5.392.000) 4,078,000 (4,962,000) 3.472,000 Deficit 1.314,(100 1.490,000 Experience adjustments on scheme assets 193.000 1517,0001 Page 28

CAMBRIDGE SPORTS HALL TRUST LIMffED {A Company Limited by Guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 25. PENSION COMMrrMENTS (conllnued) Fair value of employer assets 2021 2020 Equities Bonds Property Cash 67% 17° 14rA* 2% 690/0 4° Mortality assumptions Life expectrancy is based on the Fund's VrtaCuNes with improvements in line with the CMI 2020 rnodel, with a 0% weighting of 2020 data. standard smoothing ISk71. initial adjustment of 0.5Q/o and a long-lemi rate of improvement of 1.5% p.a. Based on these assumptions. the average future lrfe expectancies * age 65 are summarised ￿10￿. Males years Females years Current pensioners Future pensioners 22.2 years 23.2 years 24.4 years 26.2 years Historic mortality Life expectsncies for the prior ￿riod end a￿ based on the Fund's Vrtacurves. The allowance for future improvements are shown bek)w" Prospective pensioners- CMI 2018 model assuming an allowan￿ for smoothing of recent mortalty experience and a long temi-rate of improvemenl of 1.250kn p.a. Pensioners - CMI 2018 model assuming an alk)wance for smoothing of recent mortality experience and a long temi-rate of improvement of 1.25°k p.a. Commutstion An allowance is included for fuiure tetirements to elect to take 251>k of the maximum addttsonal tax-free sh up to HMRC limits for pre-April 2008 Servi￿ and 64% of the maximum tsx-free cash for post-April 2008 service Page 29

CAMBRIDGE SPORTS HALL TRUST LIMITED IA Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 26. OPERATING LEASE COMMtrMENTS At 31 Juty 2021 the charity had fijture minimum lease payments under noTrcancellable operating leases as follows_. Land and buildings 2021 2020 Within 1 year BetW￿n 2 and 5 years Greater than 5 years 9,500 38,000 189,872 9,500 38,000 199,372 237,372 246,872 27. OTHER FINANCIAL COMMtrMENTS At 31 July 2021 the charity had (xprtal commrtments. contraded for but not provided in these financial statements of £NIL (2020 - £2.507). 28. RELATED PARTY TRANSACTIONS The charity has not entered into any related paty transaction during the year. nor are there any outstanding balan￿S owing betsveen related parties and the charity * 31 Juty 2021. 29. CONTROLLING PAR The charty is limited by guarantee and rt is not consKJered that there is a controlling party. Page 30