``` REGISTERED COMPANY NUMBER: 00980152 (England and Wales) REGISTERED CHARITY NUMBER: 301731 ``` ## **`REPORT OF THE TRUSTEES AND`** ``` UNAUDITED FINANCIAL STATEMENTS ``` ## **`FOR THE YEAR ENDED 31 DECEMBER 2023`** ## **`FOR`** ``` BASINGSTOKE AND DISTRICT SPORTS TRUST LIMITED (THE) ``` ``` McCabe Ford Williams Chartered Accountants Building 1063 Cornforth Drive Kent Science Park Sittingbourne Kent ME9 8PX ``` ``` BASINGSTOKE AND DISTRICT SPORTS TRUST LIMITED (THE) ``` ## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023`** ||**`Page`**| |---|---| |**`Report of the Trustees`**|`1 to 4`| |**`Independent Examiner's Report`**|`5`| |**`Statement of Financial Activities`**|`6`| |**`Balance Sheet`**|`7 to 8`| |**`Notes to the Financial Statements`**|`9 to 18`| ``` BASINGSTOKE AND DISTRICT SPORTS TRUST LIMITED (THE) (REGISTERED NUMBER: 00980152) ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023`** ``` The trusteeswho are alsodirectorsof the charityfor the purposesof the CompaniesAct 2006,presenttheirreport with the financialstatementsof the charityfor the yearended31 December2023.The trusteeshaveadoptedthe provisions ofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their accountsinaccordancewiththeFinancialReportingStandardapplicableintheUK andRepublicofIreland(FRS 102) (effective 1 January 2019). ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` The Basingstoke & District Sports Trust (BST) is a charitable company limited by guarantee. ``` ``` Onthe14thDecember2021,theentireBoardofTrusteesinBSTvotedtoresignandwerereplacedby individuals nominated by Greenwich Leisure Limited (GLL) on 15th December 2021. ``` ``` BST issueda licenseto operateto GLL from the 1st April2022.At this point,all the tradingactivitiesmovedto GLL and the staff were TUPEd across. ``` ``` ThepensionagreementheldbyBSTceasedasatthe31stMarch2022whenthestaffleftthescheme.The scheme wasunderwrittenbyBasingstokeCouncilwhothereforesubsumedtheassetsorliabilitiesatthatpoint.There is therefore no pension liabilities or assets in BST since then. ``` ``` GLL has occupation of 2 BST leased buildings under license. ``` ``` BSTdoesnottradewiththepublic.BST'sonlytransactionistheprocurementofgasandelectricitybecauseof2 long standing utility contracts that existed on transfer. It recharges GLL the cost of the gas and electricity at cost. ``` ``` Eventually, when the utility contracts end, this company will be struck off. ``` ## **`Public benefit`** ``` BST has given Greenwich Leisure Limited a licence to use its assets in the delivery of its objects. ``` ``` GreenwichLeisureLimited'sobjectsareamatchtothecharity'sobjectsandtherefore,theCharityconsidersthatit is delivering the public benefit as might have been expected had BST been operating the facilities directly. ``` ``` The Trusteesconfirmthat throughGreenwichLeisureLimitedthey have compliedwith the dutiesin Section17(5)of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit. ``` ``` WehavereferredtotheCharityCommissiongeneralguidanceonpublicbenefitwhenreviewingouraims and objectivesandinplanningourfutureactivities.Inparticular,theTrusteesconsiderhowplannedactivities through Greenwich Leisure Limited will contribute to the aims and objectives that they have set. ``` ``` Page 1 ``` ``` BASINGSTOKE AND DISTRICT SPORTS TRUST LIMITED (THE) (REGISTERED NUMBER: 00980152) ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023`** ## **`FINANCIAL REVIEW`** ## **`Financial position`** ``` All expenditure incurred is recharged to GLL who are delivering the services. ``` ``` As such, the Charity's EBITDA is £0. ``` ``` Fixedassetscontinueto be depreciatedin the accountscausinga deficitto the accountsin the shortterm.Thisis then recharged to GLL. There have been no cashflow implications. ``` ``` PermissionwasgrantedbytheCharityCommissionin2023forBSTtodonateitsassetstoGLL.Weare awaiting consentfromoneof the landlordsto allowus to novatethe leaseandassetsacrossto GLLat whichstagethe process of BST's donation of its asset (at net book value) to Greenwich Leisure Limited will be concluded. ``` ## **`Reserves policy`** ``` TheTrusteesrecognisetheneedforaleveloffinancialreservesthatwillshieldthecharityfromthepossibility of adverseunforeseencircumstances.Theseunforeseencircumstancesincludeanynumberofeventsthatmay be identified as a risk from time to time. There are no risks foreseen at this time. ``` ``` Under the current arrangements, all trading risks have been removed and passed on to Greenwich Leisure Limited. ``` ``` TheBoardconsideredthelevelofreservestobeappropriatefortheCharitytobeabletodeliverservicesto its beneficiaries through Greenwich Leisure Limited. ``` ``` As at December2023thetotalvalueof thefundsstoodat (£398,543).Thevalueof restrictedfundswas £348,130 and the value of unrestricted reserves was (£746,673). ``` ## **`Going concern`** ``` These accounts have been prepared on a basis other than going concern. ``` ``` Sincethe1stofApril2022,theday-to-dayprovisionofservicesatBSTfacilitieshavebeenundertakenbyGLL. GLL continuestofinanciallysupportBSTthoroughaloanfacilityagreementandwillcontinuetodosountilBSTis fully merged into GLL. ``` ``` BST, as a subsidiaryof GLL, will continueto procureelectricityunder an existingcontractwith the utilitysupplierfor both Leisure Centres until March 2025. ``` ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` TheBasingstokeandDistrictSportsTrustLimited(BST)isacompanylimitedbyguarantee.BSTisgovernedby its Memorandum and Articles of Association and was incorporated on 20 May 1970. ``` ``` ThegoverningdocumentwasreplacedbySpecialResolutionon28March2018whenitwasupdatedandis now predominantly based on the Charity Commission's model articles. ``` ``` Anyonecan becomea memberof the company,and therecurrently9 memberseachof whichagreedto contribute £10 in the event of the charity winding up. ``` ``` Page 2 ``` ``` BASINGSTOKE AND DISTRICT SPORTS TRUST LIMITED (THE) (REGISTERED NUMBER: 00980152) ``` ## **`REPORT OF THE TRUSTEES`** ## **`FOR THE YEAR ENDED 31 DECEMBER 2023`** ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Organisational structure`** ``` Continues to be the same as per last year. The key changes that were agreed in 2022 included the following: - ``` ``` As a condition of the financial support the planned merger was agreed by both the BST board and the GLL board. ``` ``` The decision to replace the Directors of BST by those nominated by GLL. ``` ``` The GLL board nominated a mix of the GLL Trustees and GLL chief officers and GLL Directors. ``` ``` ThisprovidedthecontroltoprotectGLL'sfinancialsupport.Thesupportwasprovidedintheformofaworking capital loan. ``` ``` Weconfirmthatthemembers,directorsandthetrustee/softhecompanyarealloneandthesameandhave equal voting rights of one equal vote each. ``` ``` Weconfirmthatnoindividualsormembersreceivesanybenefits,profitsoranyformoffinancialbenefitfrom the business/charity and in the event of dissolution the liability of each individual or member is no more than £10. ``` ## **`REFERENCE AND ADMINISTRATIVE DETAILS`** ## **`Registered Company number`** ``` 00980152 (England and Wales) ``` ## **`Registered Charity number`** ``` 301731 ``` ## **`Registered office`** ``` Festival place BASINGSTOKE Hampshire RG21 7LE ``` ## **`Trustees`** ``` A Bindon P K Bundey P E J Donnay K Gainda (appointed 16.1.23) J Jardine E Lewis C Myring (resigned 31.3.23) L A Patrinos P E Ray M Sesnan C Lyons (resigned 11.1.23) ``` ## **`Company Secretary`** ``` P E Ray ``` ``` Page 3 ``` ``` BASINGSTOKE AND DISTRICT SPORTS TRUST LIMITED (THE) (REGISTERED NUMBER: 00980152) ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023`** ## **`REFERENCE AND ADMINISTRATIVE DETAILS`** ## **`Independent Examiner`** ``` Mrs C Rayner FCA DChA McCabe Ford Williams Chartered Accountants Building 1063 Cornforth Drive Kent Science Park Sittingbourne Kent ME9 8PX ``` ``` Approved by order of the board of trustees on 6 June 2024 and signed on its behalf by: ``` ``` P E Ray - Secretary ``` ``` Page 4 ``` ## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BASINGSTOKE AND DISTRICT SPORTS TRUST`** ## **`LIMITED (THE)`** ## **`Independent examiner's report to the trustees of Basingstoke and District Sports Trust Limited (The) ('the Company')`** ``` IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended 31 December 2023. ``` ## **`Responsibilities and basis of report`** ``` Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youare responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). ``` ``` Havingsatisfiedmyselfthattheaccountsof theCompanyarenotrequiredto be auditedunderPart16 of the2006 Act and are eligiblefor independentexamination,I reportin respectof my examinationof yourcharity'saccountsas carried outunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. ``` ## **`Independent examiner's statement`** ``` Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbe a memberof a listedbody.I can confirm thatIamqualifiedtoundertaketheexaminationbecauseIamamemberoftheInstituteofCharteredAccountants in England and Wales, which is one of the listed bodies. ``` ``` Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the examination giving me cause to believe: ``` `1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or` `2. the accounts do not accord with those records; or` `3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or` `4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).` ``` Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ``` ``` Mrs C Rayner FCA DChA ``` ``` McCabe Ford Williams Chartered Accountants Building 1063 Cornforth Drive Kent Science Park Sittingbourne Kent ME9 8PX ``` ``` 10 June 2024 ``` ``` Page 5 ``` ``` BASINGSTOKE AND DISTRICT SPORTS TRUST LIMITED (THE) ``` ## **`STATEMENT OF FINANCIAL ACTIVITIES`** ## **`FOR THE YEAR ENDED 31 DECEMBER 2023`** |`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Other trading activities`
`4`
**`EXPENDITURE ON`**
**`Charitable activities`**
`5`
`Provision of health and fitness services`
`Other`
**`Total`**
**`NET INCOME/(EXPENDITURE)`**
**`Transfers between funds`**
`14`
**`Other recognised gains/(losses)`**
`Actuarial gains on defined benefit schemes`
**`Net movement in funds`**
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`fund`
`£`
`491,168`
`420,446`
`-`
`420,446`
`70,722`
`9,000`
`-`
`79,722`
`(826,394)`
`(746,672)`|`Restricted`
`funds`
`£`
`-`
`70,722`
`-`
`70,722`
`(70,722)`
`(9,000)`
`-`
`(79,722)`
`427,851`
`348,129`|`Year Ended`
`31.12.23`
`Total`
`funds`
`£`
`491,168`
`491,168`
`-`
`491,168`
`-`
`-`
`-`
`-`
`(398,543)`
`(398,543)`|`Period`
`1.4.22`
`to`
`31.12.22`
`Total`
`funds`
`£`
`135,102`
`325,827`
`3,260`
`329,087`
`(193,985)`
`-`
`1,070,000`
`876,015`
`(1,274,558)`
`(398,543)`| |---|---|---|---|---| ``` The notes form part of these financial statements ``` ``` Page 6 ``` ## **`BASINGSTOKE AND DISTRICT SPORTS TRUST LIMITED (THE) (REGISTERED NUMBER: 00980152)`** ## **`BALANCE SHEET 31 DECEMBER 2023`** |`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`9`
**`CURRENT ASSETS`**
`Stocks`
`10`
`Debtors`
`11`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`12`
**`NET CURRENT ASSETS/(LIABILITIES)`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS/(LIABILITIES)`**
**`FUNDS`**
`14`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Unrestricted`
`fund`
`£`
`887,728`
`1,322`
`-`
`16,052`
`17,374`
`(1,651,775)`
`(1,634,401)`
`(746,673)`
`(746,673)`|`Restricted`
`funds`
`£`
`471,875`
`-`
`-`
`-`
`-`
`(123,745)`
`(123,745)`
`348,130`
`348,130`|`31.12.23`
`Total`
`funds`
`£`
`1,359,603`
`1,322`
`-`
`16,052`
`17,374`
`(1,775,520)`
`(1,758,146)`
`(398,543)`
`(398,543)`
`(746,673)`
`348,130`
`(398,543)`|`31.12.22`
`Total`
`funds`
`£`
`1,610,412`
`1,322`
`4,982`
`33,313`
`39,617`
`(2,048,572)`
`(2,008,955)`
`(398,543)`
`(398,543)`
`(826,394)`
`427,851`
`(398,543)`| |---|---|---|---|---| ``` ThecharitablecompanyisentitledtoexemptionfromauditunderSection479AoftheCompaniesAct2006relating to subsidiary charitable companies for the year ended 31 December 2023. ``` ``` Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006. ``` ``` The trustees acknowledge their responsibilities for ``` - `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and` - `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.` ``` The notes form part of these financial statements ``` ``` continued... ``` ``` Page 7 ``` ``` BASINGSTOKE AND DISTRICT SPORTS TRUST LIMITED (THE) (REGISTERED NUMBER: 00980152) ``` ## **`BALANCE SHEET - continued 31 DECEMBER 2023`** ``` Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies subject to the small companies regime. ``` ``` ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon6June2024and were signed on its behalf by: ``` ``` P E J Donnay - Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 8 ``` ``` BASINGSTOKE AND DISTRICT SPORTS TRUST LIMITED (THE) ``` ``` NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ``` ## **`1. GENERAL INFORMATION`** ``` Basingstoke& DistrictSportsTrustLimitedis a privatecharitablecompanylimitedby guarantee.The members ofthecharitablecompanyarethetrusteesnamedonpage2.Intheeventofthecharitybeingwoundup, the liability in respect of the guarantee is limited to £10 per member of the charity. ``` ``` ThecompanyisincorporatedinEngland&Wales.Theregisteredofficeandprincipaladdressis Basingstoke Sports Centre, Festival Place, Basingstoke, Hampshire, RG21 7LE. ``` ## **`2. ACCOUNTING POLICIES`** ## **`Basis of preparing the financial statements`** ``` Thefinancialstatementsofthecharitablecompany,whichisa publicbenefitentityunderFRS102,have been preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January 2019)', FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublic of Ireland'andtheCompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistorical cost convention. ``` ## **`Going concern`** ``` Theseaccountshavebeenpreparedon a basisotherthangoingconcern.Thedayto dayprovisionof services atBSTfacilitiessince1April2022hasbeenundertakenbyGLL.GLLisseekingamergerwithBSTand will financially support BST through loan facility agreement which will operate until BST is fully merged into GLL. ``` ``` BST, as a subsidiaryof GLL, will continueto procureelectricityunderan existingcontractwith the utility supplier for both Leisure Centres until March 2025. ``` ## **`Other income`** ``` OtherincomerecognisedintheStatementofFinancialActivitiesisfortherechargeofutilitiesto Greenwich LeisureLimitedwhom operatethe Leisuresite. Rechargesof incomeare recognisedat the point utility expenses are incurred by the charitable company. ``` ## **`Expenditure`** ``` Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasis and hasbeenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannot be directlyattributedto particularheadingstheyhavebeenallocatedto activitieson a basisconsistentwith the use of resources. ``` ## **`Grants`** ``` Grantsreceivablearerecognisedinthefinancialstatementsoncetheconditionsrelatingtotheirreceipt have beensatisfied.Grantsreceivedinrelationtofixedassetshavebeenrecogniseduponreceiptasa restricted reserve which is released in line with the depreciation on these assets. ``` ## **`Tangible fixed assets`** ``` Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful life. ``` ``` Short leasehold ``` ``` - 2% straight line ``` ``` continued... ``` ``` Page 9 ``` ``` BASINGSTOKE AND DISTRICT SPORTS TRUST LIMITED (THE) ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`** ## **`2. ACCOUNTING POLICIES - continued`** ## **`Tangible fixed assets`** ``` Long leasehold- 2% straight line Improvements to property- 5 - 20% straight line Plant and machinery- 10 - 20% straight line Fixtures and fittings- 10 - 20% straight line Sports equipment- 10 - 25% straight line Computer equipment- 33.3% straight line ``` ## **`Stocks`** ``` Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsolete and slow moving items. ``` ## **`Taxation`** ``` The charity is exempt from corporation tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ``` ``` Restrictedfunds can only be used for particularrestrictedpurposeswithinthe objectsof the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ``` Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ``` ## **`3. CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY`** ``` Intheapplicationofthecharity'saccountingpolicies,thetrusteesarerequiredtomakejudgements, estimates andassumptionsaboutthecarryingamountofassetsandliabilitiesthatarenotreadilyapparentfrom other sources.Theestimatesandassociatedassumptionsarebasedonhistoricalexperienceandotherfactors that are considered to be relevant. Actual results may differ from these estimates. ``` ``` Theestimatesandunderlyingassumptionsarereviewedonanongoingbasis.Revisionsto accounting estimatesarerecognisedintheperiodinwhichtheestimateisrevisedwheretherevisionaffectsonly that period,orintheperiodoftherevisionandfutureperiodswheretherevisionaffectsbothcurrentand future periods. ``` ``` continued... ``` ``` Page 10 ``` ``` BASINGSTOKE AND DISTRICT SPORTS TRUST LIMITED (THE) ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`** ## **`4. OTHER TRADING ACTIVITIES`** |`Year Ended`
`31.12.23`
`£`
`Utility recharges`
`240,359`
`Other recharges`
`250,809`
`491,168`|`Period`
`1.4.22`
`to`
`31.12.22`
`£`
`129,365`
`5,737`| |---|---| ||`135,102`| ## **`5. CHARITABLE ACTIVITIES COSTS`** ||`Direct Costs`|`Direct Costs`| |---|---|---| ||`Year ended`|`Period ended`| ||`31.12.2023`|`31.12.2022`| ||`£`|`£`| |||| |`Provision of health and fitness services`|`491,168`|`325,827`| |||| |||| ## **`6. NET INCOME/(EXPENDITURE)`** ``` Net income/(expenditure) is stated after charging/(crediting): ``` |||`Period`| |---|---|---| |||`1.4.22`| ||`Year Ended`|`to`| ||`31.12.23`|`31.12.22`| ||`£`|`£`| |`Depreciation - owned assets`|`250,809`|`193,985`| ## **`7. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewere no trustees'remunerationor otherbenefitsfor the yearended31 December2023nor for the period ended 31 December 2022. ``` ## **`Trustees' expenses`** ``` Therewerenotrustees'expensespaidfortheyearended31December2023norfortheperiod ended 31 December 2022. ``` ``` continued... ``` ``` Page 11 ``` ``` BASINGSTOKE AND DISTRICT SPORTS TRUST LIMITED (THE) ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`** |**`8.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
`Unrestricted`
`fund`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Other trading activities`
`135,102`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Provision of health and fitness services`
`281,803`
`Other`
`3,260`
**`Total`**
`285,063`
**`NET INCOME/(EXPENDITURE)`**
`(149,961)`
**`Other recognised gains/(losses)`**
`Actuarial gains on defined benefit schemes`
`1,070,000`
**`Net movement in funds`**
`920,039`
**`RECONCILIATION OF FUNDS`**
`Total funds brought forward`
`(1,746,433)`
**`TOTAL FUNDS CARRIED FORWARD`**
`(826,394)`
**`9.`**
**`TANGIBLE FIXED ASSETS`**
`Short`
`Long`
`leasehold`
`leasehold`
`£`
`£`
**`COST`**
`At 1 January 2023 and 31 December 2023`
`68,757`
`628,503`
**`DEPRECIATION`**
`At 1 January 2023`
`27,733`
`348,818`
`Charge for year`
`3,717`
`12,570`
`At 31 December 2023`
`31,450`
`361,388`
**`NET BOOK VALUE`**
`At 31 December 2023`
`37,307`
`267,115`
`At 31 December 2022`
`41,024`
`279,685`|`Restricted`
`funds`
`£`
`-`
`44,024`
`-`
`44,024`
`(44,024)`
`-`
`(44,024)`
`471,875`
`427,851`
`Improvements`
`to`
`property`
`£`
`5,507,096`
`4,735,309`
`105,755`
`4,841,064`
`666,032`
`771,787`||`Total`
`funds`
`£`
`135,102`
`325,827`
`3,260`
`329,087`
`(193,985)`
`1,070,000`
`876,015`
`(1,274,558)`
`(398,543)`
`Plant and`
`machinery`
`£`
`1,208,670`
`1,005,985`
`44,539`
`1,050,524`
`158,146`
`202,685`| |---|---|---|---| ||||| ||||| ||||| ||||| ``` continued... ``` ``` Page 12 ``` ``` BASINGSTOKE AND DISTRICT SPORTS TRUST LIMITED (THE) ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`** ## **`9. TANGIBLE FIXED ASSETS - continued`** |`Fixtures`
`and`
`fittings`
`£`
**`COST`**
`At 1 January 2023 and 31 December 2023`
`643,690`
**`DEPRECIATION`**
`At 1 January 2023`
`584,732`
`Charge for year`
`16,481`
`At 31 December 2023`
`601,213`
**`NET BOOK VALUE`**
`At 31 December 2023`
`42,477`
`At 31 December 2022`
`58,958`
**`10.`**
**`STOCKS`**
`Stocks`
**`11.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
`Other debtors`|`Sports`
`equipment`
`£`
`806,014`
`549,741`
`67,747`
`617,488`
`188,526`
`256,273`|`Computer`
`equipment`
`£`
`88,177`
`88,177`
`-`
`88,177`
`-`
`-`
`31.12.23`
`£`
`1,322`
`31.12.23`
`£`
`-`
`-`
`-`|`Totals`
`£`
`8,950,907`|`Totals`
`£`
`8,950,907`| |---|---|---|---|---| ||||`7,340,495`
`250,809`|| ||||`7,591,304`|| ||||`1,359,603`|| ||||`1,610,412`|| ||||`31.12.22`
`£`
`1,322`
`31.12.22`
`£`
`3,739`
`1,243`
`4,982`|| |||||`4,982`| ``` continued... ``` ``` Page 13 ``` ``` BASINGSTOKE AND DISTRICT SPORTS TRUST LIMITED (THE) ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued`** ## **`FOR THE YEAR ENDED 31 DECEMBER 2023`** ## **`12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** |**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**||| |---|---|---| |`Trade creditors`
`Social security and other taxes`
`Other creditors`
`Accruals and deferred income`|`31.12.23`
`£`
`-`
`4,447`
`1,723,996`
`47,077`
`1,775,520`|`31.12.22`
`£`
`1`
`-`
`1,980,078`
`68,493`| |||`2,048,572`| ``` IncludedwithinothercreditorsisanintercompanyloanbalancewithGLLinthesumof£1,723,996 (2022: £1,980,078). ``` ``` Included within accruals and deferred income is deferred income as follows: ``` ||**`Year ended`**
**`31.12.2023`**|**`Period ended`**
**`31.12.2022`**| |---|---|---| ||**`£`**|**`£`**| |||| |`Deferred income at 1 January 2023`|`-`|`55,985`| |`Resources deferred during the year`|`-`|`-`| |`Amounts released from previous periods`|`-`|`(55,985)`| |||| |`Deferred income at 31 December 2023`|`-`|`-`| |||| ## **`13. LEASING AGREEMENTS`** ``` At31December2023thecharityhadcommitmentstomakefutureminimumleasepayments under non-cancellable operating leases as follows: ``` ||**`Year ended`**
**`31.12.2023`**|**`Period ended`**
**`31.03.2022`**| |---|---|---| ||**`£`**|**`£`**| |||| |`Not later than 1 year`|`188,153`|`212,611`| |`Later than 1 year and not later than 5 years`|`648,000`|`692,153`| |`Later than 5 years`|`900,000`|`1,044,000`| |||| ||`1,736,153`|`1,948,764`| |||| ``` Theoperatingleasesaboverelatetopremisesfromwhichleisurefacilitiesareoffered.Inadditiontothis, the leases above also include gym equipment. ``` ``` FollowingthetransferoftradeandactivitiestoGreenwichLeisureLimitedon1April2022,allleasesare now beingfinancedandaccountedforbyGreenwichLeisureLimitedwiththeexceptionofgymequipmentwhich is stillbeingpaidbyBasingstokeandDistrictSportsTrust.ThisishoweverthenrechargedtoGreenwich Leisure Limited. ``` ``` continued... ``` ``` Page 14 ``` ``` BASINGSTOKE AND DISTRICT SPORTS TRUST LIMITED (THE) ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`** ## **`13. LEASING AGREEMENTS - continued`** ``` Therefore,whilethe leasesare in the nameof Basingstokeand DistrictSportsTrust,GreenwichLeisure Limited have agreed to bare the cost of these leases. ``` ``` The following lease payments have been recognised in the Statement of Financial Activities: ``` ||**`Year ended`**|**`Period ended`**| |---|---|---| ||**`31.12.2023`**|**`31.03.2022`**| ||**`£`**|**`£`**| |`Operating lease rentals`|`35,575`|`24,458`| |`Recharged to GLL`|`(35,575)`|`(24,458)`| ## **`14.`** ## **`MOVEMENT IN FUNDS`** |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Pool redevelopment`
`Men's changing room refurbishment`
`Lift refurbishment`
`Ladie's changing room refurbishment`
`Air conditioning in Shape ladie's gym`
**`TOTAL FUNDS`**|`At 1.1.23`
`£`
`(826,394)`
`269,204`
`23,425`
`43,983`
`81,659`
`9,580`
`427,851`
`(398,543)`|`Net`
`movement`
`in funds`
`£`
`70,721`
`(42,332)`
`(5,434)`
`(13,422)`
`(7,099)`
`(2,434)`
`(70,721)`
`-`|`Transfers`
`between`
`funds`
`£`
`9,000`
`-`
`-`
`(9,000)`
`-`
`-`
`(9,000)`
`-`|`At`
`31.12.23`
`£`
`(746,673)`
`226,872`
`17,991`
`21,561`
`74,560`
`7,146`
`348,130`
`(398,543)`| |---|---|---|---|---| ``` continued... ``` ``` Page 15 ``` ``` BASINGSTOKE AND DISTRICT SPORTS TRUST LIMITED (THE) ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`** ## **`14. MOVEMENT IN FUNDS - continued`** ``` Net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Pool redevelopment`
`Men's changing room refurbishment`
`Lift refurbishment`
`Ladie's changing room refurbishment`
`Air conditioning in Shape ladie's gym`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Pool redevelopment`
`Men's changing room refurbishment`
`Lift refurbishment`
`Ladie's changing room refurbishment`
`Air conditioning in Shape ladie's gym`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`491,168`
`-`
`-`
`-`
`-`
`-`
`-`
`491,168`
`At 1.4.22`
`£`
`(1,746,433)`
`300,953`
`27,500`
`45,050`
`86,966`
`11,406`
`471,875`
`(1,274,558)`||`Resources`
`expended`
`£`
`(420,447)`
`(42,332)`
`(5,434)`
`(13,422)`
`(7,099)`
`(2,434)`
`(70,721)`
`(491,168)`
`Net`
`movement`
`in funds`
`£`
`920,039`
`(31,749)`
`(4,075)`
`(1,067)`
`(5,307)`
`(1,826)`
`(44,024)`
`876,015`|`Movement`
`in funds`
`£`
`70,721`
`(42,332)`
`(5,434)`
`(13,422)`
`(7,099)`
`(2,434)`
`(70,721)`
`-`
`At`
`31.12.22`
`£`
`(826,394)`
`269,204`
`23,425`
`43,983`
`81,659`
`9,580`
`427,851`
`(398,543)`| |---|---|---|---|---| |||||| |||||| ``` continued... ``` ``` Page 16 ``` ``` BASINGSTOKE AND DISTRICT SPORTS TRUST LIMITED (THE) ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`** ## **`14. MOVEMENT IN FUNDS - continued`** ``` Comparative net movement in funds, included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Pool redevelopment`
`Men's changing room refurbishment`
`Lift refurbishment`
`Ladie's changing room refurbishment`
`Air conditioning in Shape ladie's gym`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`135,102`
`-`
`-`
`-`
`-`
`-`
`-`
`135,102`|`Resources`
`expended`
`£`
`(285,063)`
`(31,749)`
`(4,075)`
`(1,067)`
`(5,307)`
`(1,826)`
`(44,024)`
`(329,087)`|`Gains and`
`losses`
`£`
`1,070,000`
`-`
`-`
`-`
`-`
`-`
`-`
`1,070,000`|`Movement`
`in funds`
`£`
`920,039`
`(31,749)`
`(4,075)`
`(1,067)`
`(5,307)`
`(1,826)`
`(44,024)`
`876,015`| |---|---|---|---|---| ## **`POOL REDEVELOPMENT`** ``` Pool redevelopmentrepresents£2,470,000receivedin 2008 as a donationin kind relatingto the redevelopment of the swimming pool. This is being released in line with depreciation on the asset acquired. ``` ## **`MEN'S CHANGING ROOM REFURBISHMENT`** ``` Themen'schangingroomrefurbishmentrepresentsa grantreceivedof £50,000whichis beingreleasedin line with depreciation. ``` ## **`LIFT REFURBISHMENT`** ``` The lift refurbishment represents a grant received of £102,000 which is being released in line with depreciation. ``` ## **`LADIES CHANGING ROOM REFURBISHMENT AND AIR CONDITIONING`** ``` Intheyear31March2019,agrantwasrecievedtotalling£122,500.Thegrantwasreceivedforthe changing room and air conditioning in the Shape ladies gym, split £104,241 and £18,259 respectively. ``` ``` This is being released in line with depreciation. ``` ``` Conditionsof the grantincludethe useof the assetsfor a periodof not lessthan7 years,plusafteroneyear of completion,outcomesaretobemonitored,checkedandevidenceshowntoensurethattheupgraded facilities arebeingusedforthepurposeinitiallystated.Thisincludescarryingoutasurveyandshowinganincrease in female membership. ``` ``` continued... ``` ``` Page 17 ``` ``` BASINGSTOKE AND DISTRICT SPORTS TRUST LIMITED (THE) ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023`** ## **`15. RELATED PARTY DISCLOSURES`** ``` DuringtheyearGreenwichLeisureLimited,thecontrollingparty,madeanumberofloanadvancesto the charity. At the balance sheet date £1,723,996 was owed to Greenwich Leisure Limited. ``` ## **`16. ULTIMATE CONTROLLING PARTY`** ``` GreenwichLeisureLimitedis the controllingpartyof the charitythroughits majorityrepresentationon the board of trustees.GreenwichLeisureLimitedis registeredas a co-operativeand communitybenefitsociety, registered number27793Randitsprincipalpurposesaretodeliversustainableandaffordableprovisionoffacilities and servicesfor thepublicbenefitfor recreational,sporting,culturalandotherleisuretimeoccupationin the interest of social welfare, healthy living and education. ``` ``` Page 18 ```