ChRrity Registi'Alloii iyo. $12886 MAURI HANDLE I AUDITED FIN TAT IENT roR THE AR F.NDED 31 2024
MAIIRICE CIIANDLER SPORTS CLNI'RE L AND ADMINISTRATIVE INIIORMA'I"ION I'81LL's Mr A Hodg5011 Mr R Scainaii Hcaih MrR IIc11 Ih Mrs J J¢lTrics Monag¥i)i¢nl Con)i)iillL¢ Mr R Hcaih Mrb J Jenrics Mr5 J M¢Graili MKS J McGraili Mr R S¢aiiian Ilcaih Mr R PA1¢ Mrs L BraillLy Cliair Vic¢ Chair TIL'llSufLr SLLr¢l#ry Chai'ily Niiiilbcr 512886 Principal idcli'LSS Mauricc Chaixllcr Sporls Cci)li'c WarKi1111 Road Slok¢ IILaili Tcrn Ilill M&rkcl l)rayton TF9 2JP IiiilLpLndeiil IxaminLr Sliibb¥ Parkin Soiiil) 28 Cl)L)hirc Sirccl MarkLiI Drny1on Sliropsliir¢ TF9 IPF Blinkers Nalive$i CIILslil Sirc¢l M'drkcl Drilon Shix)psl)ire TFg I Pci
MAURICE CHANDLER SPORTS CENTRE CO[rENTs Tniqle¢.q R¢port Ii)d¢i)¢iideiii exainiiiers i'cporl Slaleiiieiil or riiiaiicial oclivilies 13nlaii¢c.ili¢¢t Note8 Irj Ilie finEbiiclal $lklcincnlq 7-10
PllBc I AURICE CHANDLER SPOR1"S CENTRE TRUSTEES REPORT FOR THE YEAR ENDED 31ST MARCH 2024 I'he TnI¥lL pfL'SLiiI Ilieii. Icporl aiid fillala1 ¥laleiiicnl5 for ili¢ year ciided 31 March 2024. Tli¥ linailcial 51aleiiieiil.4 have bccn prLparLd in accoid1i ncc iyiili Ilic accouiiliii8 policics sel oiil in nolL I to Ilw lii)I111¢ial slaleiiiLiils aiid coiiiply iviih Ihc chaiills goi'crning d()cunityiil, Ilic Cliarilics Acl 2011 ?i)d "A¢¥oiiDling ai)(I rcporlii)g by Cliai'ilies: SialeniLiiI of Recon)IDcndcd Pracliec applicabk. lo ¢liarilics i)rLPiirii)g Ihcir aLcoiiii18 iii aL'coI'daiicc iviili Ihc financi&il Rcporling Slandard ApplKablo iii 11)¢ UK (Iiiil RcpiibliL ol Irclaiid (FRS 102) (crrcclivc l Jaiiiiary 2C>I 5)" ObJ¢cilv¢3 aii(l A¢ilYltlos Thc Cl)ai'iiy Objoi'liv¢ is lo provi(Ic * Spoi'ls 4nd LLi5urL' CL'A)IrL' facillly witli IliL obiLLI ofimpToiping Ilic cniidilin115 of lifu Ic)Y IliL piibliL iii Nortli SliYopsl)irc. TIK. Cliarily Il'as foriiicd in 1982 and is VOIIL'i'ned by 41 Loiislilulioii 115 siib5CqIILnl varirilioii¥ ivlw'rc ihL" piiiiiary obj¥¢liyL arc Our IM#ii) IoLilS Ihis year conllllll¥¥ lo be Lslablisliiny Ihc InAxiiiiUIii ilse ofour currcnl faciliiiLS by idcnlilyiiigy aiid rcsponding lo d¢mattil nd this is confii'incd by Ihc iii¢repsc enlrance fe¢8 illCOIII fi'oiii £91,036 10 £120,330 xn iliLfcAs¥ of32%. Thiy Incans Ilial wc lia rccOVerL Ili¥ incoiii¢10s1 cliirinbT COVID. Duiiiig IIIL p¢riod iiiidci. WLPOI'I iY¢ l)av¢ provided fdLililiL8 lor a GyJnnasiuiu,5 -¥iclc Fooiball. N¢lball, iii liiiL14o¢k¢y, B¥iliniiilom. Walkui&T Foolbdll. Tnbli Tciiiiis iin(l Riiuby TiilillUI¥. Jiiiiioi. CoHLlILIl Fouiball Ii?s bcLlI I'cry siicccsslul anil ive nolc Ihc 511Lccsy of Ili¥ coacl), Sicyc L111Ly. All Jiinior rc ftsr l)ii'u ill Ilic cciilr¥ llrL ol 11 ¥iKinificiiiil (liscoiiiil Icvcl io LIICOllJlllL iiiiiior USL. ofil)I Iacilily. In cxlreii)L IvL'alliLr L'uiidili0115 OVLr Ilic ivinlei. Local Fouiball cliibs1114 V¥ Luiilaclvd lis lo coiidii¢l Il)¢ir Iraiiiii)b ii)(looYs ii¥iiiki Ilic Aylro PilLlI Rii(I Ihcy liavc b()okLd IliL f4icilily. WL Iiai'L hoiiYvLr not aliyays b,1) fiilly •bl¢ lo nccoiiiii)odale t1111 biii Iliis iinproi'cd Ili¢ir JivAr¢i1¢ ol'oiir facilily, N¢ibllll coiiliiiu¢s lo be ivcll siipporlcd. hcr¢ iY¥ organi. Ic'auli, Ivilli I¢AliiS coinpclinB iv¢ckly. We opcii 5 (lays li ivLk iviih on4lemaiid ivcikiiid tJpciiiI)g, iii partlLuiar fur Roll¢r IIoLk¥y C.11¢s. RollLI' IIuLkcy conliniics lo bc a popiilar LvLiil nnd SCVLwal clubs us¢ us •s Ilicir IIoih¢ B&80 and Ho¢k¥v LL'aklLIL -BRHA L'oinpuliliolls arc lield al ili¥ 1)Ir¢. Tiiii¥s al'i S¢1 Rsid¢ foi. Casiial Skaliiig and "Rollcr Disco" Ivliicli provc vcry popiilar. Skai¢ IiirL' is fivailabl¢ and n rL'VILlV ()I'ilie %knle Iiiinlily Iins .¢11 uiiilertmkcii niid ii¢iY iqiiipiiient piirc11ad oi. exisliiig stock rL'coiidilion¥d. All oiir141cililics nr¢ open for scliools diiriilg Il)c day aild nr¢ regularly Ilscd. TIIC $1114111 l¢ani ol's111 ft'ivlio ii)niiftg¢ IIIL i¢iilrL' on R IILxiblc ba81% $lioiild bc coiiiiiiciidLd for Iliciy (lilig71'iicc niid Ily ClliibliiibT IhL cciilr¢ lo llccoiiiinodalc Ilic iYc¢kci)d r¥4uir¢iii¢i?Is #lid iyc lIlik Ilicin lor Ili¢ir siii)poi'l ofilic Charily. WL ii'oiild also Illi¢ ilk the Icains ofvoliinlccrs iylio IlwoiiRhoiil Ilic ycar spoIl(l lo our Iniii()r Jnainlei)anLe deilland5 arouiid Ihc LLI)li'¢, 14 IILvialiiig Lonlwa¢lor cosls. YL)iir TriislLCS ttiid M&nhgeiiicnl Comsnill¢e Arc plLa%e lo conclude ili&l w¢ iliwlil Ilie l¢qUili]Ll)L5 ofciiarillble ObjLLliv¥$ $¢1 vul iii oiii. C'.oii¥liliilion. Fiiliire Objecilves W¥ rL'I))aiii rL'sulvLd lo coi)liiiii¢ iviili iliL aii)Is and iibjLclivc of Ilic cliarily in Ili¥ fiiiure. Nc¥i' spoi'l dLliviliLs bLing ioiislaiiily iiivesligalLd Kiid triallcil lo dclcrininc ifour lil cililics arL' siiilablL nnd li b¢ li.¢1 ivillioLII iiiajur iiiLf¢qsed i,Trpilal Lxpeiidiliirc or ifbigniliLiinl ¢osl is rcqiiired tlicrc arL a550Ciirylccl grnnls. IiiliodiiLlioii ofilicsc 51)orls ivill ils a broadcr appLal 4111d associalLIt in¢rL'a5e ofpoliiilial populalion iyliv 115¢ Ilic Loiili'L. WL <irc nl80 lookiiiki carcfiilly lll Ilic incoinc froni carh orca ivilli a Yiciy lo blllaiicin2 It JiL'£l RlloLalecl to IliL a550LldlLLI (Illand. TIIL Gyjii aiiil Spin13ik¥. facilily rcinains iiiidcr 11SLcI and IliLf¢ 15 I? rcviciv olll)L Splfj CC reqiiirc(I lo i))aiiilaiii Ilie facilily in lin¢ iyiili deiiiaiid aiid ifiye do reduce Ilie arca l)oiv iv¢ ran Teiilloculc IIIC 5Piice Li'e¢iled.
P14ge2 MtiURI E C14ANDLER PORTS CENTRE TRusfEES REPORT ONTINUED FOR TIIE YEAR ES'DEI) 31ST lAclI 202 Lliniliiig FACtoi W¢ coi)liiiue lo be coiiscioiis ofthe i)Iilure olihe buildin2 in ivliich ivc conducl our aclivilie8, in Il)Rl il is ali old Airlield Haiig¢r, ai)d iYl)ilsl.411b8laiililÉ Ily b¥Jili il lia5 Meed¢d inve.411)ieiil in roDfing Nisiilalioii over the recent year5. We coiisl¢iiilly N,1¢1V Ilic t)¢cds of Ihc fncilily iii order lo n)ak¢ plii lined Jinproli]enl8. Thc siibslaiiliiil Kulleriiix 10 C&2rfy way va81 ouonlilics of ivaleT froi)I Ihe roofiias pmyen lo bc Li problein Ili18 yeDr lid subslai)liAI ivoi'k Ihi8 beeii uiiderlakeii by a ¢onlracior lo re51ore Ilie funclioi) ofihe 5y31ei)I lo ils de8ixii cai)iiciIy. Tlii8 Iins r¢.%iili¢d in a siAiiificii nl iiicreL8e in Spor15 Cciilre M1inl¢nance. We have algo enhanced Ilie LED Il%lilill $0 Ilial all Te¢i% liayc appropriale liAlil1ii. UnforliiJ)alely. iyliere liolilit)2 conceni¢d ivhal iYill.siiil oiie %porl E)iay not be oiiile 50 Suitabl¢ for anollicr bill thi8 18 iiior¢ a iiiallci. of compmini8¢. Tliis subjcel lo coiislanl r¢vi¢w. Diii'inx I1. lll¥l qiiarlei. ofil)o p¢Kiod of Iliis rcporl Ihc ManaRcii)Liil Tcan) cxpciidcd si111r1e#lll liiii¥ lo prL'piii'¥ 4711 pi)licnlioii for ft Grniil froiii Ihe Iiic1118iYc Coi)iiiiuiiily Fiiiid lu rcpair Ilie ceii)eiii, whicli iva% SP1È Ilirtg fioni Ilic r¢infor¢LinLnl blli's iii (lie Lui)crclLi iviiliiii illl slrvcliirc, io reliii'bi%li Il)c loilcl and clii¢ 1i8ii)8 facililies 4111d improvc our di.421 blcd ftcccys. We al'e i)leo.4ed lo rcpoTI Ihnl in Marcli ive iY¢rc Udvlscd Ilial oiir npplicalion ivas siiccessful ii nd ive l)uve beeii 411Viirdcd Ilie tbll 14 lilou1 or riinds we applied for. Ai)1011111 £98,536 rKom Ii)¢lLI.8ive Coininunily fiind. n UK Govcrnmcnl legacy fiind froin Ilie Coinnionivcalili l•ames a(1iii111iilered by IIIL. HL'ai'l nl'l..iiRloiid ( niiiiiiiiiillj liniijidrtiion. Resoui'cts expended As nil eniploycr. IVL Dr¥ rcqiiired lo coiiiply wilh HMRC digital r¢poning ofiY8bYs. PAYE ai)d NIC lind Ihr¥e Di?eiilioiis nre conlraclcd oiil. A iieiv leleplion¢ conlrncl l)ny b¢¢ii iie¥olinled aiiil lh¢ iithv role 14 &1 reduced cosls. sliibivn in Ilie accoiiiiis, Slnff i)ny i.$ delei'iiiiiied by Grndiinied Pay Seale liiiked to Ilie GoYcrniiiei)l Miiiiniuiii Wa8¢ Rllle8 Ivliicli is clTcclivc iii Ai)ril aiiiiually. Tlie ILS rcnecl n8e, exi?erieiic¢. re51)oii%ibilily nnd iiiiliThilv¢, Si&ff recuiYLTr li'aiiiinx ivhere rcquircd, in porliciiliir Fiphl Ai(1 ¥0 ihal IhLy nrc ubk. lo rc4)ond lo tli¢ iiiiiior i¢ijuric$ or coiiip¢liliY¢ sporls. FINllnclAI Rovloiv Tlic folloiYin% luble illu¥lrnles oiir suiiiiii?h ry or runds, Depi'ecialioii is sI1vIl iii our iiccouiilb bul Iliis is iiol a Iiioveiiicnl of en$1) fjiid 1% ii)aiiilydcprccinlion Agaii)s1 Ihc valiie ofihe properly ivlii¢li ivas ori8ii)ully i)ui'clia8ed nl £l,OQ, iioiy Irvnlued lo I'¢ll¢cl o curiEiil iiiorkei V41lue. Foi. 2022 ollo Ili¢re livo %e15 of r)8iiY¢5. Di)e beiilg adjusted lo illuslwalc Ilie Iwo Brniils froni HM (yov¢riinieiil. beiiig COVID suiiporl gi'nnl8. YeThY EIi<l 2024 2023 2022 (lldj1151ed) 2022 (iiic waiilq) 2021 (Covid) 2020 Net Surpliis (Deflelt) £5,297 -Ll,l(14 -l21?1 £19.77Q -Ll1,0115 .£ I i (J41) Depreclallon £12.857 £12.C12C1 £12.427 £12,427 £13,735 £19.112 Siirpliis L18.154 Ll1,462 £12,16(7 L32,197 L2.730 L7,163 Pi'oi)erl)' Vnliie Iii accoi'd?¢ lic¢ iviill Ilie Irsolulion ofil)e TIvsle&% ihc i)rop¢rty was VaIL1¢d lo a Markel Valiinlioii on Isl April 202D al £350,000 ivliicl) Ilicii iiieoi'porJle$ nll Ilw Propcrty liiipiovei))¢iils, Iliis lift% A dei)rccioling vilue rthlc nl 20/01)cr oiii)iiiii on a sliMiRlil-line basis buinx £7.000 I1¢eall0 PLf yLar.
MAURICE CHANDLER SPORTS CENTRE TRUSTEES REPORT CONTINUED FOR'fiiL YEAR LNDED 31ST MARCH 2024 Striictiir¢, Govcriini)ee And Mnnxgenienl Mcnibcrsliip ol'ihc Spor15 C¢iilrc Govcrii¥ncc lelilli I opcn lo oll iiilere$lcd iii fiirfherinA Ilic aiins of Ihc Clillrily. 'rhcy can slan(I for Ilie Miinagciiicl Coniiiiill¢i al Ili¢ Aiinual Gcn¢ral M¢¢liiig aiid il is lo Ihis Coi)IniillcLS Ilial Ilic 11)Inabl¥l¢1il dLCiSiOI)s Arc devolvcd. li is sliiiclured ivill) n LIMir, vi. Cliair. Sccrelary, Tr¢a5urer an<1 oilicr siicli hoi)orary ofticcrs and Inciiibcrs a5 Jnny be dLei)Icd approprialc aiid d¢¢idcd ai IliL A(wM or a¥¥ ¢o-opled by Ilic Conii)iille¢. Mci))b¢i'$ of Ilic Coi)Iinillcc liovc Ilic option ol'b¢inR appoinled fts Truslccs willi a%soci&lLd IcRal i'¢spon5ibililics. T])c Tru51LCS l)tr conc¢niLd Ilial Ilie 01)croiis rL'spon$ibilili¢s ofbciiw a Trnsle¢ is inliibilingw Illc piibli¢ from iiiidcilaking iiivc)IvLmct]l. Wc lii¢ ve r¢501vcd lo coiiliniic lo establish Ili¢ Chorily ft8 11 CliarilablL Iiicorporat OJRani5alioii (CIO) aii(I IliL liiii11 (Iraft Inisl (ILed ivas b¢ii)g prcparcd for lipILl1)ellIal10n ivlicii IIIL Cl)arilics comi)i110n IiiiblisliL(I i)Liv Ini7dLI docLllI)ci)I fL)Iloi%'ingi LcLFiil oplion Riid our dociiiiiciil i)oiY nLLds furilicr i11spccIiDI) #nd rL'vi¥ioi) In(1 oui. iinplciiiciilalioi (lalL is clcfLI'fLd ii'liis111)is fLViCl¥. lakci plA¢u. This cliaiigL Ii'ill olY bc doiic Iliroiigli Il)L callii)g ofaii Exinoriliiiaiy G¢i)¢ral mLLlinl ivill l)ave fiill piiblic involv¢ni¢nl Lxplanalion. Cl)&i'ily Laiv I'71c Ihc'fiwslce.$ lo prL'parc financial slalciiiciiis for cacli fiiioncinl yLar, Ivhicl) xivc n Inie and lair viciv ufilic 5181¢ 01 alloirs ofilic Lliarily aiiil ofilic 5urpliiy or dcli¢il of Ilic clkiiily for Ihal fir. li) prepariiiui IIiusL linancial slalci)i¥nls Ilie TI'LISILCS havc.. ¥Llcclcd 511ilabl¢ &ccoiilllin8 poIi¢iL'S Rnd Ihcn applied i111) Co11¥n11, InJkL jiidgicinLiils aiiil csliindlcs Ilial pr¢ rL'asonablc an(1 pruilciil; ylal¥ ivhuiil)cr appliciiblc hecoiii)lii)g glRiidArds Iiavc bceii lolloivld, 8iibjecl lo iiny InvlLI'ldl (ILpiti'liiirs di5¢10scd aii(l explainLd ii) Ilw. lirtaneial slalLiiici)ls: prcp¥ri'(I Ili¥ linaiicial sl#lcmcnls on R ¥01118 concern bs15. TIIC Sle1)i of inlcnial conlrol Is de%ignc¢l lo provldkn ffth$onAblc. bul iiol 1¢ bsoluie, asgurai)LL agaiii$l malLI'ial iiiis¥lol¥iiiciil or10ss. ThLSC Cortlrols incliid¥:_ n sli'fti¢gi¢ plaji #i)d aiiniial biiilgely, RpprovLd by IIK ManaLI11¢11( Coiiiiiiillcc; ii'giil81' coii¥idci'alioii ofihc linaiicial slalcinei)1s. v&i'iai)¢cs 10 budBcl aiid oih¢r lion pcrloriiii1llCL indiciiiors by Ihc various Luiiiii)illLYy: (ILIElatio[l ofaiiil)oi'ily ancl s¢grcgalion ofdiili¢y; iden11f.nl10n Hi)(l ill1ll4igLincnl olrisks. Rlsl( Coiili'ols Tli¥N' ni'c ii) plaL¥ N s¢ries of Risk Asscsuiicnl¥ idL'nlifyii)x coiilrolliiiR riyks associalc(I wilh 01)Lraliii 11)e LLnlr¢. TIIc5¢ ar¥ Inoiiilor¢<l by p¢riodic Lxaiiiinalioiis, baslxl oil hisloric aiialysis ofi)Led, lo coiifirin11181 coi)Iiols id¥nlificd iir iii pl&¢¥' g11(1 Il)us lo ii)ii)iini£L' ri¥ks lo uscrs ofilK' ¢¢nlrc. As i)arl ollliese assbSS1)ILnls Il)¢rL arL addilionil Sialuloiy Iii$pcclions iin(lirlukcii by coiiii)LILI)Ilqiialiliccl cxlLI'nal onlru¢lors, Il)L3¥ iiispcclioi)s i11cli117B Elcctl'iL.Il Safely Lo¥ioncll¢l Coiilrul Silc i?nd Opcrmlioiinl Risk Asscssin¢nls Fli'c Plnivcoiiirol Iiisiirnne¢ Fiilancially a bvroup ol'¢nhai)c¥d pevforinancc in(l¢x ratio$ ArL' bL'ing di.1{ io in(licale carly ivariiing ol'viriuiiccs rroiii biidg¢l%, lo olloiv enrly rcmc.dinl rtciion. TIIL. MAnhRLiiiLnl CoiijinillLL Thcliycly rcviiiv Ihc illnjor ribks on a iiM)nilily basis in pai'liLular 1110sL' fLlalinki lo11)L opcriilioiis :Iiiil lllkii)LC ofih¢ L'lisirily, ai)d d¢sL'ribcd bLlityvc Ilial 5y51¥nis 7¢ r¢ in place lo ii)iligalc lh¢ cliiii'ilys ¢xpo%iirL* lo Ih¥'%¢ rixks. In<lepeiidenl Exas11iiiei' A 1'¢50111linn i)rdposinbW Stiibbs P14 rkiii Soiiili bc rc?I Pl)oinlcd as iiidci7Lndcnl Cxiiniiner ofili¢ cliarily iyill b¢ pul lo Ilic Aiiniial Gci?L'Lal Inccliiig, Tlic T. Isl reiitsi'l Iyils proved by Ilic boai'd ofTN8lee8. Nqi. IlicliRI Il HoAllI Chalriiilln 1)41lc(1 ,. 29 Jni)Iiary 2025
Piigc 4 INDEPENDENT EXAMINERS, REPOR'I ro'rHk'l'RUS'fEES ON T14E UNAVDITED 14JNANCIAL ATEMENTS OF MAURICE CHANDLER SPOIITS CENTRL reporl on the accouijls of th¢ Trusi for Ilic year cnded 3 Isl Marcli 2024 ivliich scl 71 oil pagcs 5 10 10. Rospo¢llve Respoiisibllitios of1'ruslees Examiner Tlic ¢l)ai'ilY.% Inislecs ?1 YL wespon5iblc fvr t1 prcparalioii ofih¢ accoiinls. Thc charilg5 Ir4151¢es eoiisidcr Ilial an aiidil is iiot i'eqLiifLd for Illi% y¢*r iindLf SL'clioi? 144(2) ofihc Clitsrilic5 Act 2011 aijd Ilial an iiidcpcndcnl ¢AiiiiiiNnlioD is iiecdcd. li is Iny rL'%ponsibilily lo:. xaini1 Ili¥ ficcoiinls under scclion 145 ofilK 2011 A¢l' lolloiy Il)L' i)rocLdurcs lai(I dowii itt t1 Gcnoral Dii'cclions givcn by Ihc ClIArily Coi)ImissiollLrs ill1. SLclion 145(5)(b) ofihc 2011 Acl; and ¥IRIL ivlK.IIIL'r piirliciil#r iiiHIILw5 IVL. COtnL% lo our fillciilioii. nasls of Iiidei)eiideiit Exnijiliiei s Stnlenieiil My Lxainuialic)n iyas carricd oiil in accordaiici ii'iih Ihc Gencral Dircclions bliven by Ilic Cliai'ily Coniniissioiici's. An LxAI))inalion iiicliidL'5 A rcviciy ol Ilic accoiiiitiilg rccords k¢pl by Ilic Ll)arily thn(I coiiipNrisoii ofihu accoiii)Is pi'¢scnlC(l iviih Iliosc ir¢ords. li #Iso incliid¢5 coiisidctatioii of ally uiiu¥iial ilLins oi- (IisLlosiirL'S il) lh¥ a¢¢oiiii15. aiid scekiiig Lxplanalioms froiii you as ITiisIcLS COI)c¥ri)iiig illly ¥ucII Inallcrs, ThL pfoL¥diir¢s iin¢lLilakci) do iiol pi'ovidc llll t1 cYi(lenc¢ Ilial iyoiild bc rLqlllI'cd in ali aii(lil, Riid ¢0115CqIILiiily iio opiilion is LFiv¢n ay lo ivhLihcr Ilib accoiinls prcsciil a 'lNc aiid fair vi¢iY" aiid flic reporl is lii)iilL(I lo Il)OSL Iii¥IILfs SLI 01 in t1 ¥lalciii¥ni beloiy. Imdepeiiilejil f&xamlrter'$ Slnleiiieiil Iti coi)IlLclion iviil) illy ¥xaii)inlllion, Iiu iiialcrial Inalt¢ lia. C¢ lo Inyallcnlion ivliich giives ill¢ cAusc lo b¢liLv¢ Iliai in any InalLfiii l KCSPLII.. Ili¢ ic¢oiinling rccor(Is weir iiol kept in accordanl'c willi 5L'clioii 130 ofili¢ Chayilics Acl; or IIIL accounls dill nol Accord willi Ili¥ accounling rccords: or Ihc iCCOiln15 did nol comply iviih Ihl applicHblL fcqulll'iiiLnls ¢on¢¢riiiiig IliL' foni) ai)d Coiil¢nl ollhL :i¢¢ounls SLII oLIl ii) Ili¢ Chil rilies (ALcoiiiils iiiid RLpoJls) Rc¥ulalions 2008 oihLr Il)aii ny reqiiirLin¢iil Ilial Iliv a¢¢oiiiils giiv¢ a 'Yruc alld fair. viuiv iyhicli iy iiul li mall¢r L'on5idLrid ay i)nrl ol'aii in(Icpciideiil LxainiThilioii, I liuvc ¥oinL aLf0¥5 110 oih¢r Jiiallcrs iii Loiinwlivn iviili Ihc ¢xnmuiiJliott lo lyhh allLnlion slioiild be diaiyii in Iliis i¢porl it) Drdcr lo cn4ble a propcr und¢Tslpndiiig ofiliL Iiccoiiiils lo bL rtrachLd. Ilqrs Debo1. J Il¢lsill I",CA S'I"UBLIS PARI<IN SOUI'11 CIIAII'I'I,:IILD ACCOUN'I'AN'I 28 CHESFIIKE S7'RLEI' MAIIKE'f DRAY'I'ON PSIIIRI Date: 29 Janiiary 2025
lJag¢ 5 hlAURICE HANDLER SPORTS CEKfRE NAUDITED STATLMLN'f OF FIN'ANCIAL ACTIIYITIES INCLUDIYI C INCOME & CXPENDITURE ACCOUNT FOR TIIE YE DED31ST H 2024 2024 2024 UnrÈitriet¢d Resli'iclc riinds 2024 2023 TotAI Tolnl Nole Eiili-y fcLs, doiialiol #i)(15iinilar ii)cuiniiiE rLsviii'L¢8 II)coi)IL froiii aclivilic8 ti) fiirlhcrai)cc ofcliarilftblc objects Jiii'estnieiit Iii¢ome liilei'esl BHnk iiil¢'i'c$l i'Li¢ivcd 120.330 120.330 91.036 806 806 29.fj 'rotAI Ineott)lth% i'e$oiii'¢¢s 121.136 121.136 91.331 Res0111'eeJ expedecI Cliftrilable cxi)eiidilurL' 66.884 1#,1137 10,373 6.¥1111 66,8R4 l R,1137 10,373 C?.888 48,5411 15.219 8,422 7.680 111Ilgcn)eiil ¢iiiil Kldiniiiislrnlion expen¥es oil)e¥ exi)eiis¢.% Tolnl i'esoiii'ces tXDeiided befoi'e d¢pre¢lniloJi 102.982 102 9B2 79,11(?9 N¢1 siiipllis for Ili¢ y¢nr befo depre¢inlion 18.154 18,154 1141)2 Dciir¢ciftlioi) 12,857 12,11$7 12,427 Net Iiicoiiilng Yes0111'C¢$ Nel (defi¢ilY.sui'i)lus for Ilie year nlier depreeialion 5.297 5,297 11,164) Cillili oli Ilie irvaliialion of fixed as8el8 Trni)8fe¢3 b¢hveen luilds Net iiioveineiit lil fiiiids 5.297 5,297 (l.1()4) FUND IJALANCgS BROUGIIT FORIVARD 415.592 415,592 41 C?.756 FUIYD IIAI,ANCES CARRIED fiORIVARD 420.889 420.11¥9 415 592 The AnDexed iioles fowm pai't of ibese fininelii I slatenieiils
Page 6 MAURICE CIIANDLER PORTS CENTR UDIT BALAINCE SHEL2T AS AT31ST MARCII 2024 2024 2024 Utbreslrlcted R¢strxelod rullds fun(l$ 2024 2023 TolAI TThtAI Note rixed assets TaiiuiblL 346,502 346.502 .14C),502 346,502 351,510 351,510 Ciirj'enl ll55ets Nll IIv¢s1- currenl account Nalivesl - r¢s¢rYc accounl iivcsl T¢s¢rve accounl Pclly casli Vlll IlCLOUI)I OllILr dLbiors 78,931 78.931 C?7,175 1.920 527 321 321 477 79.731 477 79.731 813 70.437 Ciii'¢'¢nt Ilfibllltles AecrL1471s Val ac'coiiiil Cr¢(lilors 2,631 1.046 1,667 5,344 2,C)31 1,046 1,667 5.344 1,972 2,201 6,355 Not ¢ui'i'¢n¢ ns$¢ls 74,387 74.387 64.082 NET ASSETS 420.11¥9 420,11119 415 592 FUNDS 420,889 420.889 415 fj92 Tlie fiiinii¢ial Sialeiilenls iv¢rc opproved by Ilic Tni8l¢c% oli XXXXXXXXXXX ON BEIIALf OFTIIETRUSTEES Nlliiie: 11. Rl¢lig1'd Ilonlli ClIAlriiiAIi
Pagc 7 MAURICL CHAYDLER SPORTS CENTR NO'fES'ID 1'14E UNAUDITED FINANCIAL TATEMENTS F YEAR ENDED 31ST MARCII 2024 RTHE l Ac¢oiittiliiE Pollclc3 TlILsc iiccoiiii15 Iiayr beel) preparcd iiii(k.r Ilic hi51oric cost coiivcnlion as Inodifi¢d by Ilic rcv•liialioii of c¢i'laili financRiK l a4scIs IM¢asiircd al i'alit¢ilion, Iviili il¢iiis rLcob¥nised al ¢051 or Iransactiol) Vi11uc uiile.%£ oil)cnvis¢ slalcd in Ilw leva1)I iiol¢s lo ilwsc fJi)ai)cial %lalLI))cnls. Thknsc accou1)18 liavc bcLM pr¢pared iii i?CLOI'd1nc¥' Iviili Il)c Sialci)Icnl ofRc¢DI)Iincndcd Praclice Accoiiiiling ai)Il Rcporliiig by Cliaiilic5 pfcpiiriiig Ihcsr accou1)15 in accordaii¢¢ iviih IliL fii)ancial Rui)orling Siandard applicablL iii Ilic UK 8iid R¢piiblic of Ireland (FRS 102) issiiLd li) Oclobcr 2019. Recogiiitioii of Iiieonie TIILSL. arc iii¢liid¢d iii IIIL Sinteiiiciil ol.f4iiiancial Aelivilics {sofA) Ivlicn Ihc cliorily bLCOIIIC¥ Lnliilcd lo Ilic wcsoiirces, il is ii)or¢ likLly iliaii iiol Il)L Iruslces will fLCCiVC Ilic rcsourcL% and Ill InoiiLl4ry vdliie can b6 niLasiircd ivilli sunicieiil ru'liabilily. Offseiiliig Tlicic lia5 b¢L'lI iio oAsLllin&i ofasscly and liabililics oy incomc nnd cxpenscs, unless rc(iuir¢d or i)ciinilt¥d by Ih¥' FRS 102 so11, Tnx rcclnlnis on (lonniloiis and glfts Gifl Aiil ILLLLvablc is ii)cludLd in incoihc ivI)¢ii Ihcr¢ 15 8 valid dcclArnlioi) from Ili¢ ¢lonoi'. Any Gill Aid #iiiuiiiil ii'cov¥rL'<I oji a cloiialion is consi(Icwd lu bc pdrl ol-llidl ¥ill aiid is Ii'calcd an aildiliuii lo I sanib fuiid •4 the initial (loiialion uiik55 Ilic donor or Ili¢ Icnns ofil)c appchl liav¥ sp¥¢ified oilici'ivis¢. Gi'aiits niid doiiAIIoiiJ Gi'ai)Is aiid doiii?lioii¥ 01)ly iiiclildcd in Ilic sofA ivlicn Ihc generi11 iiicojnc 'cogni1]0n crilcrih r¢ inL?1 (5.10 10 5.12 fRS 102 SORP). Goi'ei'nmÈth¢ grAnls TIIL cliclrily Iios rcccivcd govc'rnnicnl granls in 11)¢ Jrar aiml IliLy iifL' in¢ludLd in IhL SOFA ivl)¢ii Ili ucncral iiicomo recobjiiiliun crilLria aT¢ n)¥1 (5.10 10 5.12 fRS 102 SORP). Co)Ili'Aclu41 IMeome Thiy i¥ only in¢lud¢cl in lh¢ SOFA once t1 charily Iiii x prov1dL thL' rL'lhlc(l Bouds ur s¢rYiccs. Doiifited gooq15 Donalid gooils arc inLdsiiri'd nl fnir valuL (Ih¥ iiinounl for ivlii¢li I1 assel coiild b¥ cxcliangcd) Iinlcss iii)praclicablL lu du so. Goo(Is (loiialLd for on.goiiig lis¢ by IIIL, Lliarily ar¢ rccognised as iaiigiiblc fixLd iis¥cls oiid iiKliided ii) Il)¥ SOFA us incoining rc¥ovr¢¥s ivliLn i'¢c¢ivablc. Siipi)orl c051s Tli¢ llihrily l)14 8 IIICIIITL'd ¢xpcndiliire on siippori cost8. VoliiIileor lielp The valu¢ of41ny voliiMlc¢r Iiclp i'e¢civc(l is nvl ineliided in ihe accounls bill is 11¥5cribcd ill Ilic 'I"n151¢L5 lliinii?41 Yci)oi'l Ivliere appTopfiiil¢. Iiifoine (roni membei'slilp niid enli.). fees IIiLoi?IL Iroiii ni¢nibLrsliii) niicl ei)lry fcly 18 c081)ISc ii)come camcd froin Ihe provisiuii ofgoods niid scrYi¢Ls as inco1C frnni enlry f¢¢%, dollalions ttiid siinilar iiicome. No i111rin7 ilein of d¢lerr¢d incoiiie kns bccn included iii tlw accounlk Rediiiidniify Re(liini1211Cy i% I'ecoLiiii¥cd il5 111) LXPLllSC 111 Ilie Stli leii)cnl ofFiiiaiJciil AcliviliL's Thnd 1( liabilily oli Ihc BiilAllcL SIILCI ii))niediiilely 111 I1 i)oiiil MauriL¢ Cliandlcr Sporls Cenlre is deii)oiislnbly coiiii?iilled lo cill)cr.' Iciiiiinale Ilie eli)plo¢l1I oran ei)Iployee or Liroiip ofeii)ployee5. Cvedltovs Tlie c111c Yily1i174 CT¢dilor8 ivliKli orc niclIred ot 8ciilcmenl ai)iounts le84 ny Ir.e discounls. Jln5ic fiiiA#¢iAI Instriinionts Tlic clinrily a¢counls for bli sic linlllciiil inslNin¢nls oil initial iecognilion as i)er Iiaragrapli l 0.7 Fll% 102 snRP.
MAURI
E CHANDLLR
PORTS CENTRE
TLSTOTIIE UN
UDITED FINANCIAL STATEMENT
YEAR ENDED 31ST h1ARCII 2024
FOR THE
'ranglblc flxed A5sels fo). use by ilic chAril)'
TIILSC lir¢ ii)ilially capilaliscil if IlKy cai) bc u5cd lor J)iorc Ihaii 01 )rThr and cost al Icnyl £lOO.
Tl)¢ properly is carricd at 8 revalLicd amoiinl as al 11)arkLI I'alii¢ al Ilic dal¢ ofr¢'valiialioi) Ics5
aiiy,SLibscqucnl a¢cuiiiulalLd dcpi'c¢ialioii aiid 8iibscquciil accuinulaled iiiipnii'ihLrtI Ios5LS. Ali
iiici'casc iii Ili¥ c81'ryitibi ai))oiinl ofany dissel a4 a rcsiili of rcvaliimlion, is w¥co8nised in Ilic
Sialcinbnl of I"'inaiiiinl AclivilKs in r¢5ervcs. cxccpl lo Ihe cxlenl il r6'vcrses a revalualion
d¢crL'aSC of Il)v sftinl a%5cI i)rL'vioiisly rLYoLiiiiseil In Il)c SlThlci)Iciil orrittancial Aclivilie% as a
profil oi. loss. A <lccrciiSC in Ilic varyii)g #inounl of ali ass¢1 as a rL5uII ora revaliialion iq
rc¢obiiiiscd iii Ilic Slnlci)Icnl orriinaiicial Aclivilics lo Ilic exlenl ofany pirvi01151y rcco811iscd
ru'v
Pag¢ 9 MAURI E CHANDLER RI'S CENTRE THE UNAUDITED FINANCIALSTATEhqENTS FOR THE I'EAR ENDED 31ST MA CEI 2024 6 hqAiiAgeiiieiil niid ailnjlnlslrnlioii cxi)e115es 2024 2024 UiireslYlcl¢il RfJli'i¢ieil 2024 TolAI 2023 Tolal Ii)siii'ni)¢ Tclcplioiic TnvLI LXPLIISCS Slalioi)bry aiicl poyloLIL Accoiii)IAiicy and Ic8al fecs Baiik cliarbFCS 7.859 907 7,1159 907 6,038 744 1.250 357 10.373 1,250 357 10.37.1 1,200 440 11.422 7 Ollier expenses 2024 2024 UlliYs11'icled Resli'l¢led 2024 TOIRI 2023 'rolthl Siiiidi'y LXPLIISCS 4,776 4,776 4.044 P14 I'lial exeijipl VAI. disnlloiv¢d 2,112 6,888 2,112 6,888 Thnglblc f5xed A$gels Properly Spoi'li ImiJixbvenient$ ¢qiili)nieiil (RtVAliiAtloii) {C051) TolAI COSTIRCVALUATION: Al 3181 Mai'cli 2023 Additions Al ll$ 31 %1 Mai'cli 2024 350,000 149.405 7,849 157.254 41)1),405 7.%49 507.2.$4 350 000 DeiJveel8tl&ii: Ai a5 31st Mar¢li 2023 Cliarge foi. Illu yLthI' Ai gs 3 Isi Miir¢li 2024 21.000 7,000 28.000 126,89.S 147.895 1.12 752 160.752 Net Llook VAliie: Al Hy 31¥1 Ma.1]2024 J22 000 24,502 346..%02 Al 118 31 51 Mnrcli 2023 329,000 22.510 351.510 TIIL Sporls Cenlrc ivas rcYalii¢d nl niarkcl valiic on 21 Jui)Iiary 2020 by an Iiidcpciidciil RICS Regi&iLird ValLILr. This Ydlii&lioii ivas iiicliidv(l iii ili¥ Fii)li iicial SIAl¢iii¥nls in Ili¥ ycnr ¥i)did 31 March 2022. Tlic valualioii ivus tht iMnrkel vnlucd siibj¢¢'l lo lh¢ opcralionol 1¢H.9 in plucty and iyay for £350.orx). AiialYil$ of fiinds 2024 2023 Re$ti'l¢led fiinds OpLlliiiU Iiii)d Us¥d in y¢ar iini'e511'lc(eil fiiiids Opl'iiing flind5 {Us¢(11 l a(l(Icd y¢ar Clusiiig fiiiid5 16J,636 5,297 166,933 162,800 16163CI RevAluailoii Yesei've fiiiid$ Op¢iiiiw lliid closiiig fun(Is 253.95C) 253.95C) 420.6.17 415 592
Pagc 10 fvIAURlCb C NDLEEi SPORTS ENTRE YOTES TO THE UNAUDITED fiNANC.IAL STATEMENTS FOR THE YEAR EJYDfD 31ST NIARCII 2024 IRI rc5P¢LI ofihc propcrly licld al valuation. Ili¢ cost. dL,relatioll Hiid eoii)parablc carryiiig aimounl Ilinl iyoiild Ikiv¢ bccn rLcogni8cil if11 assd liad bccn carri i11¢r Ilic lii51orical rosl ii)(xlcl is as folloivs:. Pi'operly As Rt 31 MrcI1 2024 C'ost AbgiL,x1Q clcprccialioii Coi'iyiiig ninoiinl 213.1176 1160,608 53.2(18 As nl 31 MArch 2023 Cosl Aggr¢8ale deprecialion Cii ri'yii)g lllllOLinl 213,%76 (149,914 63.9()2