MIDLAND SPORTS CENTRE FOR THE DISABLED TRUST UMITED A COMPANY LIMITED BY GUAPANTEE Ch¥rity number 514391 Company number 01755462 INDEX TO THE FINANCJAL STATEMENTS FOR TrE YEIR ENDED 31ST MARCH 2022 PAGE knfomwiKtin Report ollhe D015 Report ollhe ALvJitWS Stalement of Finaal Aaiv"rts ealarKe Slret N¢ lo ts Frla1 Stan5 10 A11 ABJX8AQ3* 3011&OZ2 COMPANIES HOUSE
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MIDLAND SPORTS CENTRE FOR THE DISAeLED TRUST UMITED CryAPANY INFORW4710N FOR THE YEAR ENDED 31ST IAARCH 2022 t4RECTORS J. A R. Mdntosh ICh"rmanl J. McC¥ry R. J. fyie¥• SECRETARY P. N. Breed REGISTEAED OFFICE X¢4 Leiur¢ Cenlre. Mittheu A¥efi. Canky. REGISTEREO COMPANY NUMBER 01755462 IEr¥dlarJ and Watesl REGISTERED CHARrrY NUM8&9 514391 AUWORS Dafferns LLP, Chartered AccourtsDts. One Easiwood. Harry INeslon Ro•J. Birblty Bu5ine55 Part. BANKERS Nal¥A*st Bank Pk.. Coventry City oifKe, 24 Broadyate. CV1 IZZ.
MIDLAND SPORTS CEPITRE FOR THE DISABLED TRUST LtMITEO A COMPANY LAIITED 8YGUARAKfEE IIEPORT OF THE fiRECTORS FOR THE YEAR ENDED 31ST MARCH 2022 The Directth5. tho a a150 the Tntstee5. present their reportith the ffinancI 51alements of charitable cthmpany lor the year ended 31$¢ M¥r¢h 2021 PRINCIPALACTIVITY Thè princyl ¥ctiYty ofthe compary the yearurKleirEvivww35 the pr)n olsfft afvj lsUre Wti85 for disabled and able Wied persorts in an inttyrattrj settiw. OIRECTORS The Directors who he sed dr¥) theyearand since the efvJ $ [DI". J. A. R. Mdnto$h Ichairrnanl A. J. Mccarry R. J. Gr ADMINISTrAThE INFORMATION The Mmpany goverred by ils melradUm ar¥J Artide5 ofAsKrith. Company Ner. 01755462. Thè tornpany s a lled tharty INO. 5143911. CHAWTABLE OBJECTIVES These stalethaltheoveRII otpdi4e Bto prO¥e dmalTrlasforJ¢•"W4Thj1knIk$Urttsn of dISabd aTrJ ab bodied perso. POLICS TO ACHievE osJecTfVES To promote Ihe benèfit of Ihe publ ptovion of ¥tsrts fa¢5 afKI ¢)Fvoriur¥t5 thrxsh Co¥enlry Swrts Foundation. twho in turn delNer a rarvJe of Indus eXnceS. Centse AT7. the Xcd Lei5ufE Centre. Moal Hwse Lei5yre and NIrh¢& Centre aTrJ the Ajan H395 Centre- commuNty lsUre and recreaiM)n centres that programrre and price acbvilt51o amrad partiupalionfrom dISabd and Other urKler4epresenled 9roups in hlentfvd areas ofdepnvatkjn ithin Coventy. The Wa- a deSta wrp0rk ¥¢nue. 7hth styrn oflhe rnost inno¥ative indLL%Nty and $Sibilty design olany rnern Wale8th. In addon to the faulty based prty4siw ¢+f sport fatslitEs. Foundati pr1[5 WrtunleS aTrJ exFeli?nce5 thrrwjgh a numter ol initialNes outreaL Fryramme$". Gts Cv-ctyentry Sports Fou¥1)n h•sworked Co¥enlry Cty Cowul lo devebp. t•sl and 1ment a Comrnunty Devekjpment - fv Foun¢JatN)n 15 ur]ue in so far a5 rt intemali5es Ihe fvnctwi of CLxmmunty development 1n a spe&ft deparbnent. to tmsure that a wth tsnge of sports. actwty and rfornIng arts pr(3ranmes are researtd. pwamm&l •nd 414 hvjhbmhpJd 1. A¢cess . the FouThl#ith delNers n¢[¢$ evenls. knurnamerts and coathw programmes for dsablgJ grtyjps aTrJ iThJNwJuals. with acts¥iM to enswe that a¢$$ to phy5Kal acb¥ity and Webeing TheTntsleÉs ha7 had gard lo Ch 9UKlarKe on pk tse. ORGANISATIONAL STRUCTURE The Btsard ofO¥ertor5 are knrthe OperatHal aTrJ financ4al man4ement ofthe Trust. Diieclors reccthmend ty ITh)•1 diredtys athl their wrfvrrEd al 3 CweLors' rreliThJ. Upon the appclntEr ol any new 're¢t5, a *Jl aThJ besrtyjke indurthn wttess is pLqnned Mi orfer to ensure complete lamilonty and underntarding ofthe Trusfs otFGtNes operalKirs afvj the aryj respmsibilrties ollhe Dweciois.
IDLANO SPORTS CENTRE FOR TIE DISABLED TRUST UMITEO A COMPANY LNITED BYGUAIIANTEE REPORT OF THE tIRECTORS FOR nÉ YÉAR ENDED 31ST IAARCH 2022 PAY AND REMUNERATION OF KEY MANAGEMENT PERSONNEL The company employs no Staff. Crywany Secretary acts as ts key rnan4ament and overseas day io day Ihrwgh his role as c"e1 ExetrJti¥e 0tr cICty Sport5 Foundatiw. ACTNITIES AND ACHIEVEMENTS DURING THE YEAR TheTwst continued to secure ver$ of thaiilable fimdmg of its OtiedNe5. The Tru$fs f•¢ithS erly8fr0rnth• pthmClJsWe asfrun rnWn"12021, b8irrfJ rr#Jrefulty oFeth osfrem Juty 2021. AccordiThJty, theTN5t resed ts wenlal aTrJ equ¥Ament charge$ Ctyerty Sp)rt5 Foundation. PLANS FOR THE FLITURE The Trusl wll continue to With Co¥enlry s[rts Foundation throuw the year 10 mmitor any laslry impact oflhe Covid Pandern ¢1 tl e¢OnL¥n ar pre55ures browl about ty escalatrThJ enww costs and ¢osl liwry pressure5. FINANCIAL RWIIEW, RISKS AND RESERVES PQLICES The resulls for the year aTrJ finala1 pO$rt of the Trust ¥e shom in Ihe •rxed finawl slalemersls. Tre TN51¥ assets tsntinue to be forlhe CornpaS objecty've of pry4bJing sports and lsure fao"Sts for disabled aThJ able bodied. Usualty. fv rnajority of the Twsfs income i5 in rents reCed frtyn Co¥enlry Sports Foundation in SPe¢t of the X¢ Leisure Centre th¢ Tru$iees o)n5thrthi5 irKonE to be relatwety 5erJJre lor the fijtuie. In Jdth"on to this. thè Trus¢ receives an annual donatkiTh from one benefactor and the Trusiees are of the irtherent risks that IhB present8, should fijnding from this source be r¥Juced or wit1ra. The Tslee5 a mndfvl of their reswsO)irrtN8s hNthe repar. reFlacmeni arKI of any m•iof ¢apital ilem5 wlhin the prernis¢s ?flts Xcd Leisure Centre and conspJerthal the Djrrenl oflree reserve$ of£646,720. beirpj unre5trKted Investments and nel cutrent assets, s same way short of that reqLNred for any substan181 capilal worf(s. Therelore. the Tiuslees a ccmmdted lo buik1wvJ Suknnt ro sefyte future G¥ital rpt4Jcements that will be necessary to mointaifi the $taAlard of ts premi5e5. STATEMENT OF TRUSTEES'IOIRECTORS. RESPONSIBILMES The Tfuslees (who are aL%o of MKllaThJs Sporf5 Centre fwthe Trust forlhe purposes ol efjmpany w> are reswrysib fc¢ Fwarirvj the Trustees'AThnual Report ard IhÈ fifibncial statements in accordance with aFP1Kab and United Kingdom Accounling Slarklards (Ursled nJ£n Generty AccepredAtuunliry PraL). Company law requires the Tntstses to Pr finanool ts¢athffiAancialyear. wknch gr¥e a true and fairYi8W of the stale ol affair5 ofthe chartsNe company and oltl irthming rtswrrts and ¥ppkcaIn of resouices. including Ihe in¢ome arKI expenditure. of tharitae compw lor Ihat per¥J. In preparirKJ Ihese statements. Ihe Trustees are wuired to.. 5uiat4e acco¢Jntry polus aThJ then aFty ihern cortststenty." c&$erve Ihe method5 aTrJ pmupks in the Charrtw SORP 2019 (FRS 1021,. make iudgemenls and estimates thai ap rtasmabk ¥rKJ pnkyentr. stale whether aFplicable UK A¢¢JnI1n9 Slandas have lol(ThEd. to any material+artures disdc68d and eXplaid in the fLnanc•al statements., epare Ihe finan¢i•l statements ¢)tt the wr¥J ronw t15 unl5 * 15 wwprowiate lo presum thal the ¢ariiab company continue in wration. The Trustees ale reswnsle forkeepirrfj adequale a¢n11Th9 rec4)rds that (f15d05e re350nabh accur3ry al any time finanoal position of the tharitat4e rompary enab them to ensure that Ihe finan£•al statements comply with Ihe Companies Act 20C6. They are abo pOnSi4 lor sakgu•Tding the 3ssets of Ihe chwilabl• o)mpary ar#J hence taking rea5enat4e 5tep5 for Ihe prevention aThJ delection arbj rknerlrregutsvi$. The Tru5tee5 are responsit4• foi the rnwntenance aTrJ oflhe ¢w•te and irtfonDation indUd cn Ihe charitae ts)mpanls *bsite. leglat)n in the United thgthNngo¥emw Ihe prep¥atm and ¢ffin•ntsal slatements may dffler from OtherjudI(tsWS.
MIDLAND SPORTS CENTRE FOR THE DISABLED TRUST LIMITED A COMPANY LIMITEO BY GUARANTEE REPORT OF THE (XRECTORS FOR THE YEAR ENDED 31ST MARCH 2022 STATEMENT OF DISCLOSURE OF INFORMATION TO AUDITORS We. the Directors of the company who hekl office at the dale of approval of these finar41 statements, as set cwjt above, each confirm so far as we a aware that.. there is no relevant audit infomation of whh the c4)rnpany's audrtors are unaware.. and we have taken all Ihe steps that we ought to have taken as directors in order to make oursefves aware of any relevant audrt informalion and to establish that the company's auditors are aware of that information. AUDITORS The auditors, Daffems LLP. have been awointed in the year end 31 March 2022 and 11 be re-appointed at the forthcoming Annu* General Meeting. The poN ofthe directors has been prepwed taking advanlage of the small COmpare$, exemption of section 415A of the Companies Act 2¢Th. ON BEHALF OF THE BOARD.. ctor Dated..
INDEPENDEKf Au0OR.5 REPORTTO THE MEMBERS OF MILUNO SPORTS CEPITrE FOR THE DJ5ABLED TRUST UMITED A COMPANY LIMrrED BY GUARANTEE Ilve have audited the financ¥•l sto1¢r •f MKJlands Sp0rf5 Centre INthe LI5abkd Trust Ithe'chartat4e cc¥Thpanll for the year ended 31 Marth 2022 which comwse the Statement ol Fantial AtaNitE5. the Balanr SWI and rKiles lo the fjnanGial 51ements. indLts1irq a summary of4niftant pokes. The finarK•l rtportifig fram¥tsrk Ihat has been applied in their preparation ¢5 and Unrted Kwdom Aecounliwj Slarthrds, Fthantial Reporting Slandard 102 Thtr StsThYwd•pplKable th• UKaTrJR8pui¢ oflrelaTrJlUnited Kingdom Generalty Accepted Aecounting Pracbtrl. In ouropinion Ihe fin3JaI slalement5". give a true ond fair vrtim of stale al tl chavtiabte cwpans affav5 as at 31 Marth 2022, aTrJ of s incomir4J restyjrs and apPIakn ol resowces. IndlI[¥j irthne and XPEThldur¢. fty the year In ended". have been wopety prtpared n accorfani United Generaty Atled AcmJntir¥J Praraice,. and easi5 for opinio We conduded ouraudil in accordancewth Inlemalpjnal Slandards on AthJitir#J IUKI IISAS (UK)l afvj applb law. Our responsibiltE5 under those slandards are fvrther deSCred Ibe Auditors SpOrtslI15 for th8 audrt ol financial statements 5ectron of tyjr report. We are wThYependent ol charitab ¢tynpany in •¢¢ord4n¢¢ with the elhical requirement5 that are k¥an110 wr audrt oflh?fmarKl slatements in the UK ir11j the FRC'S Ethical Standard. and we have fvlfilled our Other eth respwbiklEs In accor[lan wth Ilse requwements. We Ihat Ihe audrt evNlerKe we have oblained ts suffitsenl and approprnte to pro a basi5 lor wrorAllk?n. Cor¢¢luslons rektln9 to golng concem In auditing the f nancial slalemenls. we have Ihatthe Trustees. useof trÈgotrrfJ ba$i% of a¢¢4untsng i the weparalion ollhe finanoal statements Is approprith. Based on the wcfk ha¥e perfomed. have not KJerrtrfd arry maial unLrtaffttss latIr¥) to events or¢ondititsrts that, indwkyualty or c0lkctlv. rnay cast sTrJnrfKanl doubt the charitsbbe c£¥npany's ability to contiriue 0$ • goiNJ concein for a pened of at 8stye1¥e months Imm wh¢n Itan¢1a1 slaterrents are aulhon5ed fw E5ue. (Xjr respo01[$ and Ihe res'e5 01 the Tlee5 wilh respect Io gr ¢LM are desuibed In the relevan seCtic$ of thts report. Other Snfoffliation The Trustees are responsib lor tl otrer Irtfmtion. Tre Olher infryrnotion comprises infornal¢on uicluded in th2 Trustees, annual report. other than the financial statements aThl tyjr aLK1it0¢s wrtthereon. OuiopinM>n on the finana Slaternents doe5 nol coverthe other inf0rnatn and. except to Il exlent othepise exph"c4ty staled in our report, do not exPS any fom) ol assurance ¢ondu%M Ihereon. Our tesponsibihty 15 lo read the olhe¥ irrfoatfi d. m dory so. consttlw ¥thether Ihe cther 1nf0nn8ty materi inconsisieni Yiith Ihe finantyal Stslements N our knowdge obtained in the atmjit or otherwise appears lo te material misslaled. Ifwe klentfy such malerial irtofiststenue5 OT apparenl materiat mi55lateentS. we are wuired lo determin• whether Ihere is a material misslatemenl in the finanoal statements or a material mtsstairThi ol the Olher irifofmati¢n. V, based on Ihe workwe perfonned, cdUde that there is a malerial mtsstatement ottlNs other infoTmalion. a requi(gJ to report thot la¢1. We have notl¥ng lo report n this regard. Op)On8 on other matters yescrlbed by th¢ Cwpani•s A¢t2006 In our opthion. based M the th uTrJertaken inlhe course c4 the 4j. Ihe infomiati¢)n gNen in the Ttysiees. ReprAI linwjwating the rectO, Reportl forthe finanual year forwhKh th8 finanual slatemenls prepared i8 consst¢nt wh tf finaial staternent5". and Ihe "recIorS. Report ha$ been Wep2 in aCCr **h aFpk•bk legal requuprT%Dts.
IYDEPENDENT AUDITOR? REPORT TO THE IIEMBERS OF MIDLAND SPORTS CEMTRE FOR THE DISABLED TRUST LIMITÉD A CQMPANY LwrrED BY GUAIiANTEE Mattern on whi¢h we are rewlred to report by eOption In Ihe Iyht ol oui kn¢71edge arKI underslandir¥J of the tharilabkn cLMThpary its enffjnrn•nI obtained in Ihv course of the audl. we have n(rt idertifed materi41 msstalements in th¢ ditedor5' fEW1. We have nolhing to report in re¥ct fdhwig matsr5 in rela1b to thKh the cow$ 20 requires to report toyou rf, in ourowniw". adequate accounbng records have not been ket¢ orrdurrts &Jequate for ha¥e rot ben receNd from blanches not visited ty ". or the fvarKi•l slatemenls we nat •jreWl with rEcords ar¥J relums.. Cata 1I5ckJsures ol Diredots. lrat)n I•Af re mJe." or ha¥e n¢X ¢1¥¢ antl InfomtiOn and exF4oti¥m Wirtfor wra¥Jrt' or IheTrusleeswere n0lenlild lo preparethefinanci StatentS iDaccordancewithlhesmalccmpani8$' re9ime and tak? advantage ol the small companies. ex•FknS in weparty lh D5. Report •L1 from lh• reqrtMent lo kyepare a strategic repo Respot)sibilities of Trustees A5 explained more fvty in IIE TnJslees' resp(1)11s Stennt set on page 3. the Twslees (who are also the 'reeior5 of the charitabte ¢(xnpany for pUse$ of company lawl are Bspon5itrAe forthe preparation ofihe finanoal statements andforbein9 salisfied Ihalthey 9Ne atrh andlairvw. andfotsuchpMemalconitiA 4$ Ihe Tru5tÈesd&emiine 15 necessary 10 enabk tt preparatn of finanoal statements that s free ffr malersal misstatement. whether due to fraud orerror. In preparing the finarKk415tatetrthls. Ihe Tw5tees WE sponsIb for 85se551r¥J the charitsble comparry's ability to coniwiue as Ègoiry concern. discksry. as kppIab. matters wdaled lo gThny cofficrn and using Ihe goin9 ¢DreM basi5 o( accounting unle55 Ihe Trustees either tend lo ]utilale the charl12b company or lo cease gxsations, or have no I1$1 ottemalive t¥Jt lo doso. Audito5 r8sponsibilitis lorthe aud6t of ttlinonci4 statements Oui Objehre$ are to obtain reasonab assuran abrArt thEther Ihe firtanc1 slalem¢n15 4$ 3 ¢1? free rnalerial misslalernenl.twhetherd iofraud orerror. and to tssue an aartoIS reportlhat ijdes0ur0pinI0n. Reasonabk assurance Is a hvJh be¥el of assur3r but a 9uafantee that an audrt in acGordartt wrth ISAS IUKI Yèill always deled a rnalerHI mtsslaieNni extsts. Mtsststemefiis tan aiise frc¥n fraud or error aNI are consid2rwl malerial if, indivKluafy or in Ihe gregate, I reasonab be expeLled to infttsence the e¢ffic¥nic dee4sions of usws takefi w the basts dthese ffnan¢i¥ Stateme$. Irregularitie5. induding fraud. are IlareS n1m-¢'è¢Ke Iws arKI re905. desgn procedu5 in line with eur respDnsibilits, ouuined abtsve. to delecl maieiial MStatements in Spect of Irregularil5. indUd9 fraud. Tht speofic procedu lor thi5 and extenl lo Ihese capae of dete9 Iwyri11e$. #icluding fraud is detaled b. . Enqimry of mana9en8nl, 8TrJ Ihose iaryed gornan adual aTrJ Wenb"a 5IYJalitih •nd ¢1$,. . EnqUY ol ety 5ts11in Clprn¢¢Iuti¢nS to ¥Ay iwan¢ts dnoniryliarKe and wUla)n$.. . Re¥wirHJ miThJte5 ofrnetl¥i95 olthose 9)veman,. . ReVrj ffinanuajstatementdis(4oSes lests.ry to swp)rtirJknwtrtsNatpJntO8ssess crthiFlon¢¢h aFpfkab law5 and regulat$. . Perfomiing audil wc4k er Ihe rtsk ol management o¥eNty ol contsob. Indj1j lestiryJ of joumal entrÈs ond othgr adju5tmeDt5 for appropriatels. e¥alvaliTrJ Ihe lysS RltoThaSe of sanaTrt traWCti tyjlside the nornal course of business arO revry ¥cwJnt¥w br tsa5
INDEPENDENT AUDITOR'S REPORT TOTHE MEMBERS OF MIDLAND SPORTS CENTRE FOR THE DISABLED TRUST UPIIITED A COMPANY UMITED BY GUARANTEE Auditorfs responsibilltles forth• •udit of the financoal statrments leonti 8ecause of the inherent limitations of an audit. there is a risk that we will not det¢¢t all irre9ularitie$, iTKludin9 thtyse leadin9 lo a material rnisstatement in the financial staternenls or normplIance wth regulation. This risk increases the morg that compliance with a law or regulatson is removed from the events an¢J iransadions reflected in the finanoal stalèmènt$, as we will be less likely to tcome aware of instances ol non)mplianCe. The risk is also 9ater regarding irregulari'&s occurring duè to fraud rather Ihan error. as fraud invoW Intenth81 corttalmenl. forgery, collusion. omisson or misrepresentslK)n. A further desCriptn of our responsibilthes for the audit of the finanual stat•mènts is located on th• Financial Reportin9 Council's website at.. www.frc.ofg.ukjaud1toreSpCSIbl1th.eS This descriptiC fomis part ol our audrtorfs rewjrt. This pOrt Is made sdety to the charitable cKnpany's methrs. as a ty, in c[)rdan wtth Chapler 3 01 Part 16 of the Companies Act 2QJ6. Ouraudil work has been undertaken so Ihat we m(qht stateto the charttable company's members those matters we arè rèquired to stale to thèm in an auditorfs rewjrt andfornootherpurpose. To the fullest extent permitted by 18w. we do not a¢¢epl or assume responsibilty to anyrme other than the Charitab company and the charitable company's mernbers as a trAxly. for our audrt wort. for this report. or for the opiruons we have formed. Geoffrey Cox BA FCA (Senr Slaiutory Au(lorl FOT and on bèhalf ol Daffems LLP. Chartered Accountants, Registefed Auditors One Easty0d, Hary Weston Road 8inlw 8usiness Park. Coventry. CV3 2UB Dale.. 15 December 222
YDLAND SPORTS CENTrE FOR THE DISABLED TRUST UIIIITED A COMPANY LthIITED BY GUARAMTEE STATEMENT OF FINANCWL ACTMTIES lkncluding Income and EXpdIEUTe Accountl FOR TfrE YEAR ENDED 31ST MARCH 2022 T<rt41 2021 2022 Incom •nd endov4ments frryn: Donalions and ac Rental income Investments Insuran¢¢ 21.2 76.976 17.339 10.268 21,200 76,976 17.339 10,268 13.638 13.798 T4)lal inGome and endcmeD. 125,783 125.783 47.636 EXpendItu on.. Irwestrnenl Man•je lees Cha[itab actvitS .Govemance costs 2.485 71.748 2.850 71.746 2.8 65,rM12 2,355 Total resour5 eXperd 77.081 77.081 67,357 Gainlllossl ¢n rtvalvatth of invesirren15 17.285 17,285 54.844 Net Incom¢ I l•xp¢ndiiw¢I 65.987 65,987 35,123 Fund balances brou9hl forward at 151 W"12021 9.846,892 9.846.892 9.811.769 Fund balances carrd forward at 315t Marth 2022 9,912.879 9.912.879 9.846.892 ncle5 on 10 to 15fofft FArt rfttr firw¢i $ts*ments
Charty Number 514391 ComTr3ny Number 01755462 MIDLAND SPORTS CENTRE FOR THE DISABLED TRUST LIMITED A COMPANY UMITEO BY GUARANTEE BALANCE SHEET AS AT 31ST MARCH 2022 2022 2021 FIXED ASSETS.. Tangible a$sel$ It)vestments 9.266.159 473.389 9.167,989 441,268 9.739.548 9.609.257 CURRENT ASSETS: Debtors Cash at bank and in hand 10 5,311 233.816 239.985 239.127 240,035 CREDITORS= #Mot$ falling due within one year 65.7 2.4LXJ NET CURRENT ASSETS 173,331 237,635 NET ASSETS 9,912.879 9,846,892 FUNDS: Restricted funds Unrestricted fund& General funds 9.912,879 9,846,892 TOTAL FUNDS 9.912.879 9,846.892 TheseJnartia statements have been prepa in acmdan¢¢ with Ihe $peu¥l provis$ of Part 15 of the Companies Act 20(IS relating to smalj companies and wilh FRS102. The financial stalements We approved aNI author for issue by the t)ard on ...... z.£g.zL ON BEH FOFTHE ARD: Dire The notes paye$ 10 to 15 fomi p•t ofthese finrial statements
MIDLAND SPORTS CElffRE FOR DISABLED TRUST UMITED A COMPANY LIMrrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31ST R¢H 2022 ACCOUNTING PoL]Es. lal General lThforrnation and basis of preparation Mk4lands Swrts Centre tr the t"sabled Trust Linled a charty in En9laThJ I wa5. In the event of the chalty bein9 wound up. the h"atMThty In respect of the gu&rante2 15 lihited 10 £1 P2T mefflber of Ihe chanty. The address oflhe regithied office ts g¢ven inthe charity infotmalK>n on page 1 otlhE5e finanuol staternen15. The natu ofthe charys QpwatkJ and priPaI al¥rtS are to pm¥ide8nd maintain tsolils lorthe recreatlon aTrJ oiher leisure tRne ocvJpalp)n ofdtsabted afvj ab bodd persons. The charty ¢onitutes a benefft enlty as defirnd ty FRS 102. The financial slatements have been PrePad in x¢ordarte with A¢rwntMw and Reporting by ChaniE5." Slatemenl ol ReffimeDded Practi applicable lo chari1$ prepanng th1 act¢yJrrt5 in acwdamce the FinrKJal Reportsng Slandartl applicable Mi ts UK afyj Repubk ol lielaTrJ issued irb cKiober 2019. Itr Finan>al Reporting Slandard applicab in the United ngdarn and Rewbk of Irelarhy (FRS 1021. the ChaTibe$Acl 2D11. the Compan5 Act 21))6 aThJ UK Generalty AccewedAcctyJntwYJ Practice. The fanal statemers a prepared on a concem basisunderthe htstowl o)stconvention. rnodifigj to Inde certain iterns al fair¥ae. The financ4ql ststemenrs are presented In sterfry whic the fvndional ¢urrEry of Il% chwty and rwThled to reare51 £1. Tha 9nan[ •ccountirKJ politses aFpli&l in the prEpaBlh)) ofthe5e anclI slalemeThts are setout telrw. These polKs have been consistenity aFptJed lo au yeats present1 Urt$$ rfhen¥tse $ted. bl Funds Generalfun%Ys a unre51ricted funds are availat4e for al 1hedtsuetjn ofthe Trnsl$ in frJnh8rar ofthe general octNes of Ihe ¢hanty arKI have not i)een de5vwatod fw o¢lErpurposes. Dt5wnated hjnds compw wnstitted frJTrJsthat havebeen setaswje bytheTwslees partp)Jl•rpurpose$. The airn and u50 oleath dnated fvrKI set wt the nths to Ihe fina1 slaleffnts. Re5tricled funds are funds whh ar¢ to be used in at¢ordance Trnlh speofic re51riciions inp05ed by dry)¢ts ¢r whh ha¥e been raised by the chanty br parIla1 purposes. The cosi offal and admintstering suth fuTrJ$ are charged •gainsi the spe¢fj& iund. The •in and use ol ¢ath ¥estrthd fl¥ 15 581 oul in the notes lo the financial slatemerts. cl In¢¢)me renItoon Donat(orts. gfdfbts and other Incom¢ All donations. 9rants and other simir irKome are re¢49n the charty has enbiiemènl to Ihe lunds. ny perfom)ance condit•Jns attac to Ihe itemlsl of inm ha¥e be¢n I. it s prob•bk that income wa be receNtd. and the amount can be rreasured ably. Such is income s L)ty deferred when the ¢Jonty spetrfs Ihat the9rdNt (xdonal¥)n fflustonty be used fulure accounting Feiiods,Of Ihe dcwjr has wwosed Co)n8 whth mu# be mei befothe ¢hatity has Un¢mdonal enlillement Income from rentsl actrvili25 Inccffie from acti4is is dled ihe Pen 10 Ihe •¢bvty is Investment Income Interest 4rvJ inveslft*nt irKm ts recogn¢¢dTAh¢n receivat4•. 10-
MIDLAND SPORTS CEIITRE FOR THE DISA8LED TRUST LIMrrED A COMPANY LED BY GUARANTEE NOTES TO THE FMNCIAL STATEME14TS FOR THE YEAR ENDED 31ST IIARCH 2022 AccouKllNG POLICES IcontiThd1. dl Expgnditurn recognition Al expetvjilure ts acetyjnted for on an a¢truals ba$is has b¢¢n dassIf under ading$ Ihal aggT¢gai¢ 41 costs reLgled to the calegory. Ex[j& is recCty3ThI Whe there a kgal orCotcve cbligatn to make payrrenls to third parbe5. rt prOb3e that the settknt be wuireLI, and the olthe ¥Jatn ran be measured rdiathlf. 11 ¢egord ufvjer the fooDrj IEading5". Costs of rwyng lunds". FNd11re on char[e adivils." and O¢herexpendibJre represents Ihose rtems not faling wothe categories 8t4)¥e. GovEmirKe costs. shown witlun profe55vjll fee5. Ce7$e al costs In¥pry th¢ Publ ccountabilty olth ¢)larity ¥ThJ its Comphae ith •J gotrj prafe. ¢o$ts rfalwj to $tJtory oudil athd kgal fees. ¢1 Tangibk fix¢d assels Tangible fixed asset5 are capitali5ed and incJded at C05t except fty ¥eStment pwperty is inc4uded at valuatioo. Assets In Ihe cou¢ olconstruclion ¥r4 develoF¥nent e¥teThJilure. Depreciabon 15 pfovKled at Ihe ral•s wderio wrie off eath asset Over its eslmnated lrfe. ThB ann1 res prin¢ipafy used aTt. Sporfs equipment - Th straighl lire FlUS and fittiws . 20% strawjht I 01re equment 33.33% slra¥Jhl line otor vehide 20% $trawJhtlir The prowty 15 bein9 forthe OfSl beft arJ hence to dassthed as Property, Planl & Eiuirffjenl. The Tnjstees consider thal Ckkyecialed Replacenxnl C051 Ihe most 8pw(priate methodc4ow forthe valvalion ofxcd Lei%urt Cent. GNen naluR ¢lthe assets. tr Trustees belevethèi there 15 no able maiket Val inl¢allOn awalatlor use. fj Investments Inveslments are reC09The Inaty at lair Vaue whith nrnlty Ihe transaction price exdudirg Iransactn ¢OSts. Subsequenlty. they ase measurtd at f¥irvalu&wQh Langes reco9$¢d in'net gairs l Oo$s¢$l ¢n mer. in Ihe SOFA rf the shares are putAth IrJed or th"rlairvaluÈ tatt thl$e bÈ measured ret. Other inveslments are measured at cost $5 Ynpairnent. 91 Debtors and creditors recerwabl81 payable wthin one year Deblor5 arKI rJeditOts Wrth no siaby interest rate and re¢er¥ai or ptyatde hin one ye¥are recwded at tran$ath pite. kny thses ar•rj ryairn)ent afe reco2ntsed in exFenth"ture. hl Operatlng kases Rentals Payab and re¢eNab ufvjer (yeral¥#3 knes a to tPe WA on a Straa-tine ba$ over peiiod of the I$e. il Tax The ¢h3rt¥ afi exempl tharty thin the mearmry Ol$L8U 3 of1 Chartye5 kl 2011 and Is ¢w5tthred to pass Ihe tests set out in ParagFaph 1 6 Fan Act 2010 or¥J tlrefvre it the definthon of a an18e cfjmpany COfporatp)n l&x wrposes. 11
MWND SPORTS CENTrE FOR DISABLED TRUST uhifTED A COMPANY LMrfEO BY GUAIIANTEE NOTES TO FINANCIAL STATEMEKrs FOR THE YÉAR ENDEO 31ST PAARCH Z022 ty4COME FROM INVESTMENrs: Total 2022 Totsl 2021 Bank interest retyvabje Investrnent Income 19 17.320 19 17.320 13.718 17.339 17.339 13.798 Intere ret•v•ble is •llrknut)k to UnreSted knd5 in previou5 YW. EXPE[TuRE0NCHAR1rABLE..AcTIVITIES Depreaat Insurnnr Sufyjry ewrM5 63.912 7.788 63,912 7.788 57.545 7,425 32 71.746 71.746 65,LKI2 Charilable expenditure is attrub lo Ihe pre4ious year. .GOVERNANCE COSTS: Professial f¢es 2.850 2.3SS Governan0515 are attthlaljkn to Lkn1•5i li the k¥eviw5 year. OTHER DISCLOSURES: 2022 2021 Net Incoming rtsowces L% stated •ft¢r¢h•rginB: DepTratiOn Profrt on disposal Auditets, remun1)ft - Audit serv$ - Otr xryices TnJsteÈs' expense5 Directors. emdLwnerbts arKI ollEr berrfts ek. 63.912 57.545 1.400 955 No truse12021'. n) recehd eiiher mneral)n or re[geMen1 ofexFertses ye¥. TAXATION.. Ng liablity to UK coTporalw)n tayarises orrknary ac11leS forlhe year ended 31stMarth 2022 norfortheyear ¢nde4 31st Marth 2021. STAFF COSTS: The petsons trnpbjy by U* chrtY dw¥y Ihe year. 12-
CC4TORVALVAllOIt 145 I62.2 9.542.171 182.C 31tPAkn2(ll2 9.024AIV 12. x. 9.704253 DEPREaATTh Al 1slN4rf2021 233.V2T 42. 12. 127.355 21.156 374.IU2 63,912 Al 31 Pl¥cTh2 12.99) IETBOOKVALUE.. 9.024.8 15B.797 92£6.159 fvj31lipA2ty1 9.Q4A99 124517 IB.513 9.167.
IDLAND SPORTS CENTRE FOR THE DA8LED TRUST LWITED A COIIPANY LIMrrED BY GUAWITEE NOTES TO THE F114ANCiAL STATEMENTS FOR THE YEAR ENDED 31ST IIARCH 2022 INVESThENTS: valuat.on as 811sl ri12021 Net adthlionslld15posa151 Interest reinvested Dividend$ r¢invest¢d R8v8luatsn 441,268 235 14.801 17,285 valuat as at 31st March 20r2 473,389 Investr))ents at favat ¢tynNi8e.' FvAed irderesl È4ulies Other Cash irNe5bnent Ftr{l 123.627 151.748 181.831 16.183 473.389 10. OE8TORS: Amounts lfjng duÈthin oneyw. 2022 2021 Trade debtors Other debtors 5.311 5.311 11. CREofroRS: Arnounts fallng withln yw. Trade ¢d0 (Xher crEditor5 Accruals 300 3.778 61.718 2.100 65.796 2.400 14.
MIDLAPXI SPORTS CEKfRE FOR THE WBLED TRUST UMITED A COMPANY LthirrED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022 12. ANALYSIS OF NET ASSETS BEfwEEN FUN. Fund balan¢e5 at 31 Mar¢h 2022 a wresentEd ty: Totsl funds funds nds T8ngibk fixerf assets Investmenls Nel curienl assets 9.266.159 473.S89 1n,331 9,26S,159 473.389 173.331 Tota net assets 9,912.879 9.912.879 13. RELATED PARTY TPANsA¢noNS: The a rK+ party ye¥l2021". £14). 14. OPERATING LEASE COMMITMENTS: Lessor Sports eqwment has been kased lo Coventry Sports Foundatitin frtyn 1 February 201910 1 February 2024. The rent re1¥ab i5 £26.556 perannum. A rental hotsday was Jreed w) response Io the global pandemrtto over the period sport5 centTV5 were d05ed and an adl41#1 six morlhs ha5 baen added to the lease le to rellect this., lease twil nowexpwe 1 AU$l 2024. MinKnum lease payments ¢)perlrt9 ases faldue a5 fDJS.. 2022 2021 <1 year 1-5 yea 26.556 35.408 26.5 61.964 88.520 15. FUNDRAISING ReGULATOR STATEMENTOF CCAIPLIANCE.. Mklland Sporf5 CenlrE forthe Dr4ed dovs nrA contract to a Ilwrd party to wthrtake any f¢Jndrat5W¥J on its beha. Thg ¢arity thes oirter. IA h•* no fijndraising tplaints d79 Ihe year. 15-