## **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. 

2 



**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 

3 



**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: - 

- Cambridge City Council 

- South Cambridgeshire District Council 

- Cambridgeshire County Council 

- Cambridge University 

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 

4 



**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 

5 



**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)|



6 



**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<br>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<br>Kendrick|
|**Manual Handling Course**|Dan Toyer|
|**Manual Handling Course Renewal**|Liane Shadrack, Mustafa Ustamehmetoglu,<br>Keith Towers, Ian Butler, Nathan Stokes,<br>Melford Crowe, Rachel Kendrick, Meghan<br>Madden, Sharon Downham|
|**Level 3 Certificate in Personal**<br>**Training**|Meghan Madden|



7 



**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**<br>**Injuries**|**Breaks**|**Dislocations**|**Ambulance**<br>**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) 

8 



**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. 

- ➢ Anglia Ruskin Accommodation Fair (February) 

- ➢ Anglia Ruskin Fresher’s Fair (September) 

- ➢ Cambridge University Societies Fair (October) 

- ➢ The Imperial Society of Teachers of Dancing (ISTD) Dance Competitions 

(June) 

- ➢ Anglia Ruskin Examinations (January, May & July) 

- ➢ Romsey Town Rollerbillies Roller Derby’s (various dates) 


9 



**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: 

- Cambridge Clinical School 

- Corpus Christi College 

- Jesus College 

- Kings College 

- Murray Edwards College 

- Trinity Hall 

- Darwin College 


10 



**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. 

11 



**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. 


12 



**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. 

13 



**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** 

- Ace Nursery School 

- Cambridge University 

- Heritage School 

- Landmark School 

- Little Kickers 

- MPW 5[th] & 6[th] Form 

- Parkside Federation 

- Sancton Wood 

- Studio School 

- St Andrew’s School 

- The Stephen Perse Foundation 

- University of Cambridge Local Examinations Syndicate (UCLES) 


## **Disadvantaged Groups & Older Adults** 

- Castle School (Community special school) 

- City Council Sports Development Team and community use 

- Forever Active (50+ age group) 

- Cambridge United Walking Football 

- Horizon Group 

- Jimmy’s Night shelter (charity for homeless) 

- Invigorate (mental health service users) 

- Red Balloon Learner Centre (Education for severely bullied children) 

- University of the Third Age - U3A (Educational/social activities for those no longer in employment) 

14 



**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 

15 



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

oc)>u
0>>

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

oc)>u
0>>

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