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 D￿015 Report ollhe ALvJitWS Stalement of Fina￿al Aaiv"rt*s ealarKe Slret N¢￿ lo ts F￿r￿la1 Sta*n*￿5 10 A11 *ABJX8AQ3* 3011&OZ2 COMPANIES HOUSE #122 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 Lei*ur¢ Cenlre. Mittheu A¥efi*. Canky. REGISTEREO COMPANY NUMBER 01755462 IEr¥dlar*J 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 report*ith the ffinancI￿ 51alements of charitable cthmpany lor the year ended 31$¢ M¥r¢h 2021 PRINCIPALACTIVITY Thè princyl ¥ctiYty ofthe compary ￿ the yearurKleirEvivww35 the pr￿￿￿)n olsfft afvj ￿lsUre Wti85 for disabled and able Wied persorts in an inttyrattrj settiw. OIRECTORS The Directors who h*e se￿d d￿r¥) theyearand since the ￿efvJ *$ [DI￿". J. A. R. Mdnto$h Ichairrnanl A. J. Mccarry R. J. Gr￿ ADMINISTrAThE INFORMATION The Mmpany ￿ goverred by ils mel￿ra￿dUm ar¥J Artide5 ofAsKrith. Company N￿￿er. 01755462. Thè tornpany s a ￿l*l￿ed tharty INO. 5143911. CHAWTABLE OBJECTIVES These stalethaltheoveRII otpdi4e Bto prO¥￿e ￿dm*￿alTrla￿*￿sfor￿￿J¢•"W4Thj1knIk$Urttsn* of dISab￿d aTrJ ab￿ bodied perso￿. POLIC*S TO ACHievE osJecTfVES To promote Ihe benèfit of Ihe publ* ptovi*on of ¥tsrts fa¢**5 afKI ¢)Fvoriur¥t*5 thr*xsh Co¥enlry Swrts Foundation. twho in turn delNer a rarvJe of Indus￿* eX￿￿nceS. Centse AT7. the Xcd Lei5ufE Centre. Moal Hwse Lei5yre and N￿￿Irh¢& Centre aTrJ the Ajan H*395 Centre- commuNty ￿lsUre and recreaiM)n centres that programrre and price acbvilt51o amrad partiupalionfrom dISab￿d and Other urKler4epresenled 9roups in hlentfvd areas ofdepnvatkjn *ithin Coventy. The Wa￿- a deSt￿a￿￿ w*rp0rk ¥¢nue. 7*hth styrn oflhe rnost inno¥ative indLL%Nty and ￿￿$Sibilty design olany rn￿￿ern Wale￿8th. In add￿on to the faulty based prty4siw ¢+f sport fatslitEs. Foundati￿ pr￿1[￿5 W￿rtun￿leS aTrJ exFeli?nce5 thrrwjgh a numter ol initialNes outreaL* Fryramme$". Gts Cv-ctyentry Sports Fou￿¥1￿)n h•sworked Co¥enlry Cty Cowul lo devebp. t•sl and 1￿ment 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 researt￿d. pwamm&l •nd 414 hv*jhb￿mhpJd ￿￿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 We￿being TheTntsleÉs ha7** had ￿gard lo Ch* 9UKlarKe on p￿k tse￿. ORGANISATIONAL STRUCTURE The Btsard ofO¥ertor5 are knrthe OperatH￿al aTrJ financ4al man4ement ofthe Trust. Diieclors reccthmend￿ ty ITh)￿￿•1 diredtys athl their wrfvrrEd al 3 CweL*ors' rr*eliThJ. Upon the appclnt￿Er* ol any new ￿'re¢t￿5, 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 0￿￿tr cIC￿ty Sport5 Foundatiw. ACTNITIES AND ACHIEVEMENTS DURING THE YEAR TheTwst continued to secure ￿ver$ of thaiilable fimdmg of its OtiedNe5. The Tru$fs f•¢ithS er￿ly8￿fr0rnth• p*thm￿ClJsWe asfrun rnWn"12021, b8irrfJ rr#Jrefulty oFeth osfrem Juty 2021. AccordiThJty, theTN5t res￿￿ed 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 fina￿la1 pO$rt￿ of the Trust ¥e sho*m in Ihe •r*xed finawl slalemersls. Tre TN51¥ assets tsntinue to be forlhe Cornpa￿S objecty've of pr*y4bJing sports and ￿lsure fao"St*s for disabled aThJ able bodied. Usualty. fv rnajority of the Twsfs income i5 in rents reCe￿d 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 wit￿1ra￿. The T￿slee5 a￿ mndfvl of their reswsO)irrtN8s hNthe repar. reFlac*meni 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 substan1￿81 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 ￿n￿J£￿n Gener￿ty 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 ¥ppkcaI￿n of resouices. including Ihe in¢ome arKI expenditure. of ￿ tharita￿e compw lor Ihat per¥*J. In preparirKJ Ihese statements. Ihe Trustees are wuired to.. 5uiat4e acco¢Jntry polus aThJ then aF*ty 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 Slanda￿s have lol(ThEd. to any material+*artures disdc68d and eXplai￿d in the fLnanc•al statements., epare Ihe finan¢i•l statements ¢)tt the wr¥J ronw t￿15 unl￿5 * 15 wwprowiate lo presum thal the ¢*ariiab company continue in wration. The Trustees ale reswns*le 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 ￿pOnSi￿4￿ 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 indU￿d cn Ihe charita￿e ts)mpanls *bsite. leg￿lat￿)n in the United thgthNngo¥emw Ihe prep¥atm and ¢ffin•ntsal slatements may dffler from Otherju￿dI(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 finar￿￿41 statements, as set cwjt above, each confirm so far as we a￿ aware that.. there is no relevant audit infomation of wh￿h 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 en￿d 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 COmpar￿e$, exemption of section 415A of the Companies Act 2¢Th. ON BEHALF OF THE BOARD.. ctor Dated.. INDEPENDEKf Au0￿OR.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 F￿antial AtaNitE5. the Balanr* SWI and rKiles lo the fjnanGial 51*ements. 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• UKaTrJR8pu￿i¢ oflrelaTrJlUnited Kingdom Generalty Accepted Aecounting Pracbtrl. In ouropinion Ihe fin3￿JaI slalement5". give a true ond fair vrtim of stale al tl* chavtiabte cwpan*s affav5 as at 31 Marth 2022, aTrJ of *s incomir4J restyjr￿s and apPI￿akn ol resowces. Ind￿lI[¥j irthne and *XPEThldur¢. fty the year I￿n ended". have been wopety prtpared n accorfan￿￿i￿ United Generaty A￿tled AcmJntir¥J Praraice,. and easi5 for opinio We conduded ouraudil in accordancewth Inlemalpjnal Slandards on AthJitir#J IUKI IISAS (UK)l afvj appl￿b￿ law. Our responsibil*tE5 under those slandards are fvrther deSCr￿ed ￿ Ibe Auditors ￿SpOrts￿lI1￿5 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?fmarK*l slatements in the UK ir￿￿11￿j the FRC'S Ethical Standard. and we have fvlfilled our Other eth￿￿ respw*biklEs In accor[lan￿ wth Il*se 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 KJerrtrf*d arry mai￿al unL*rtaffttss ￿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 ￿8st￿ye1¥e months Imm wh¢n It*￿an¢1a1 slaterrents are aulhon5ed fw E5ue. (Xjr respo￿01[￿￿$ and Ihe res￿￿￿￿'e5 01 the T￿￿lee5 wilh respect Io gr￿ ¢L￿M 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 inf0rnat￿n and. except to Il* exlent othep*ise exph"c4ty staled in our report, do not exP￿S any fom) ol assurance ¢ondu%M Ihereon. Our tesponsibihty 15 lo read the olhe¥ irrfo￿at￿fi ￿d. m dory so. consttlw ¥thether Ihe cther 1nf0nn8ty￿ ￿ materi inconsisieni Yiith Ihe finantyal Stslements N our know*dge obtained in the atmjit or otherwise appears lo te material misslaled. Ifwe klentfy such malerial irtofiststenue5 OT apparenl materiat mi55late￿entS. we are wuired lo determin• whether Ihere is a material misslatemenl in the finanoal statements or a material mtsstai*r*Thi ol the Olher irifofmati¢n. V, based on Ihe workwe perfonned, c￿dUde 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 4￿j￿. Ihe infomiati¢)n gNen in the Ttysiees. ReprAI linwjwating the ￿rectO￿, Reportl forthe finanual year forwhKh th8 finanual slatemenls prepared i8 consst¢nt w*h tf* finai*al staternent5". and Ihe ￿"recIorS. Report ha$ been Wep2￿ in aCC￿￿r￿ **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 e￿Option In Ihe Iyht ol oui kn¢7*1edge arKI underslandir¥J of the tharilabkn cLMThpary its en￿ffjnrn•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 t*hKh the cow￿$ 20￿ requires ￿ to report toyou rf, in ourowniw". adequate accounbng records have not been ket¢ orrdurrts &Jequate for ha¥e r*ot be*n receN*d from blanches not visited ty ￿". or the fvarKi•l slatemenls we nat ￿ •jreW￿l with rEcords ar¥J relums.. Cata￿ 1I5ckJsures ol Diredots. ￿l￿rat￿)n I•Af *re m*Je." or ha¥e n¢X ￿¢1¥¢￿ antl* Infom￿tiOn and exF4oti¥m* Wirtfor wra¥Jrt' or IheTrusleeswere n0lenlil￿d lo preparethefinanci* Stat￿entS iDaccordancewithlhesmalccmpani8$' re9ime and tak? advantage ol the small companies. ex•FknS in weparty lh* D￿￿5. Report •L1 from lh• req￿rtMent lo kyepare a strategic repo Respot)sibilities of Trustees A5 explained more fvty in IIE TnJslees' resp(*￿1)1￿1￿s St*en*nt set on page 3. the Twslees (who are also the 'reeior5 of the charitabte ¢(xnpany for pU￿se$ of company lawl are Bspon5itrAe forthe preparation ofihe finanoal statements andforbein9 salisfied Ihalthey 9Ne atrh￿ andlairv*w. andfotsuchpMemalconitiA 4$ Ihe Tru5tÈesd&emiine 15 necessary 10 enabk tt* preparat￿n 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 kppI*ab￿. matters wdaled lo gThny coffic*rn and using Ihe goin9 ¢Dr￿eM 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. Audito￿5 r8sponsibiliti*s lorthe aud6t of tt*linonci4 statements Oui Obje￿hre$ are to obtain reasonab￿ assuran￿ abrArt *thEther Ihe firtanc1￿ slalem¢n15 4$ 3 ￿￿¢1? free rnalerial misslalernenl.twhetherd￿ iofraud orerror. and to tssue an a￿artoIS reportlhat i￿￿jdes0ur0pinI0n. 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 mtsslaieN*ni 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 I￿lar￿eS ￿ n1m-¢￿￿'è¢Ke Iws arKI re9￿0￿5. desgn procedu￿5 in line with eur respDnsibilit*s, ouuined abtsve. to delecl maieiial M￿Statements in ￿Spect of Irregularil￿5. indUd￿9 fraud. Tht speofic procedu￿ lor thi5 and extenl lo Ihese ￿ capa￿e of dete￿￿9 Iwy￿ri11e$. #icluding fraud is detaled b￿￿. . Enqimry of mana9en*8nl, 8TrJ Ihose i*aryed go￿rnan￿ adual aTrJ Wenb"a 5IYJalitih •nd ¢￿1￿$,. . EnqU￿Y ol e￿ty 5ts11in Cl￿pr￿n¢¢Iu￿ti¢nS to ¥Ay iwan¢ts dnon*iryliarKe and wUla￿)n$.. . Re¥wirHJ miThJte5 ofrnetl¥i95 olthose 9)veman￿,. . ReV￿r￿j ffinanuajstatementdis(4oS￿es lests.ry to swp)rtir*J*knwtrtsNatpJntO8ssess crthiFlon¢¢**h aFpfkab law5 and regulat￿￿$. . Perfomiing audil wc4k ￿er Ihe rtsk ol management o¥eNty* ol contsob. Ind￿j1￿j lestiryJ of joumal entrÈs ond othgr adju5tmeDt5 for appropriatel￿s. e¥alvaliTrJ Ihe ￿ly￿sS RltoThaSe of s￿an￿aTrt traWCti￿ tyjlside the nornal course of business arO rev*ry ¥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 nor￿￿mplIance 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 t*come aware of instances ol non￿)mplianCe. The risk is also 9￿ater regarding irregulari*'&s occurring duè to fraud rather Ihan error. as fraud invoW Intenth￿81 corttalmenl. forgery, collusion. omisson or misrepresentslK)n. A further desCript￿n of our responsibilthes for the audit of the finanual stat•mènts is located on th• Financial Reportin9 Council's website at.. www.frc.ofg.ukjaud1tor￿eSpC￿SIbl1th.eS This descriptiC￿ fomis part ol our audrtorfs rewjrt. This ￿pOrt Is made sdety to the charitable cK*npany's methrs. as a t￿y, 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 (Sen￿r Slaiutory Au(*lorl FOT and on bèhalf ol Daffems LLP. Chartered Accountants, Registefed Auditors One Easty￿0d, Hary Weston Road 8inlw 8usiness Park. Coventry. CV3 2UB Dale.. 15 December 2￿22 YDLAND SPORTS CENTrE FOR THE DISABLED TRUST UIIIITED A COMPANY LthIITED BY GUARAMTEE STATEMENT OF FINANCWL ACTMTIES lkncluding Income and EXp￿dIEUTe Accountl FOR TfrE YEAR ENDED 31ST MARCH 2022 Tn on page 1 otlhE5e finanuol staternen15. The natu￿ ofthe char*ys QpwatkJ￿ and pri￿PaI a￿l¥rt*S are to pm¥ide8nd maintain tsolil*s lorthe recreatlon aTrJ oiher leisure tRne ocvJpalp)n ofdtsabted afvj ab* bod*d persons. The charty ¢on*itutes a benefft enlty as defirnd ty FRS 102. The financial slatements have been PrePa￿d in x¢ordarte with A¢rwntMw and Reporting by ChaniE5." Slatemenl ol Re￿ffimeDded Practi applicable lo chari1￿$ prepanng th￿1 act¢yJrrt5 in acwdamce the Fin*rKJal 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 Compan*5 Act 21))6 aThJ UK Generalty AccewedAcctyJntwYJ Practice. The f￿an￿al statemer*s a￿ prepared on a concem basisunderthe htstowl o)stconvention. rnodifigj to Ind￿￿e certain iterns al fair¥a￿e. The financ4ql ststemenrs are presented In sterfry whic* ￿the fvndional ¢urrEry of Il% chwty and rwThled to reare51 £1. Tha ￿9n￿￿an[ •ccountirKJ politses aFpli&l in the prEpaBlh)) ofthe5e ￿anc￿lI slalemeThts are setout telrw. These polK*s have been consistenity aFptJed lo au yeats present*1 Urt￿$$ rfhen¥tse $￿ted. bl Funds Generalfun%Ys a￿ unre51ricted funds are availat4e for al 1hedtsuet￿jn ofthe Trnsl*$ in frJnh8rar ofthe general o*ctNes of Ihe ¢hanty arKI have not i)een de5vwatod fw o¢lErpurposes. Dt5wnated hjnds compw wnstitted frJTrJsthat havebeen setaswje bytheTwslees partp)Jl•rpurpose$. The airn and u50 oleath d￿nated fvrKI set wt ￿ the nths to Ihe fina￿1 slaleff*nts. Re5tricled funds are funds wh￿h ar¢ to be used in at¢ordance Tr*nlh speofic re51riciions inp05ed by dry)¢ts ¢r wh￿h ha¥e been raised by the chanty br parI￿la1 purposes. The cosi offal￿￿ and admintstering suth fuTrJ$ 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 re￿nItoon Donat(orts. gfdfbts and other Incom¢ All donations. 9rants and other simi￿r 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 spetrf*s Ihat the9rdNt (xdonal¥)n fflustonty be used ￿ fulure accounting Feiiods,Of Ihe dcwjr has wwosed Co￿￿￿)n8 whth mu# be mei befo￿the ¢hatity has Un¢md￿onal enlillement Income from rentsl actrvili25 Inccffie from acti4i*s is ￿d￿led ￿ 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 L￿￿ED BY GUARANTEE NOTES TO THE FMNCIAL STATEME14TS FOR THE YEAR ENDED 31ST IIARCH 2022 AccouKllNG POLICES IcontiTh￿d1. 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 recCty3Th￿I Whe￿ there ￿ a kgal orCo￿t￿c￿ve cbligat￿n to make payrrenls to third parbe5. rt prOb3￿e that the settknt ￿ be wuireLI, and the olthe ¥Jat￿n ran be measured rdiathlf. 11 ￿ ¢*egor*d ufvjer the fooD￿r￿j IEading5". Costs of rwyng lunds". F￿Nd11￿re on char￿*[e adivil*s." and O¢herexpendibJre represents Ihose rtems not faling w*othe categories 8t4)¥e. GovEmirKe costs. shown witlun profe55vjll￿ fee5. Ce￿￿7$e al costs In¥p￿ry th¢ Publ￿ *ccountabilty olth* ¢)larity ¥ThJ its Compha￿e *ith •J gotrj praf*e. ¢o$ts rfalwj to $t*Jtory oudil athd kgal fees. ¢1 Tangibk fix¢d assels Tangible fixed asset5 are capitali5ed and inc*Jded 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 ann￿1 r*es prin¢ipafy used aTt. Sporfs equipment - Th straighl lire F￿lU￿S and fittiws . 20% strawjht I 01r￿e equ￿ment 33.33% slra¥Jhl line otor vehide 20% $trawJhtlir The prowty 15 bein9 forthe OfS￿l￿ b￿eft ar*J hence to dassthed as Property, Planl & Eiuirffjenl. The Tnjstees consider thal Ckkyecialed Replacenxnl C051 ￿ Ihe most 8pw(priate methodc4ow forthe valvalion ofxcd Lei%urt Cent￿. GNen naluR ¢lthe assets. tr￿ Trustees belevethèi there 15 no ￿￿able maiket Val￿ inl¢￿allOn awalat*lor use. fj Investments Inveslments are reC09Th￿e￿ In￿aty at lair Vaue whith ￿ nrnlty Ihe transaction price exdudirg Iransact￿n ¢OSts. Subsequenlty. they ase measurtd at f¥irvalu&wQh L*anges reco9￿$¢d in'net gairs l Oo$s¢$l ¢n mer￿. in Ihe SOFA rf the shares are putAth Ir*Jed or th*"rlairvaluÈ tatt th￿l$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￿•r￿j 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 Stra￿a￿-tine ba*$ over peiiod of the I￿$e. il Tax The ¢h3rt¥ afi exempl tharty *thin the mearmry Ol$L8￿U* 3 of1￿ Chartye5 kl 2011 and Is ¢w5tthred to pass Ihe tests set out in ParagFaph 1 6 F￿an￿ Act 2010 or¥J tl*refvre it the definthon of a an18￿e 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 UnreSt￿ed 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 attr￿u￿b￿ lo Ihe pre4ious year. .GOVERNANCE COSTS: Professi￿al f¢es 2.850 2.3SS Governan￿￿0515 are attthlaljkn to Lkn1•5i￿ li the k¥eviw5 year. OTHER DISCLOSURES: 2022 2021 Net Incoming rtsowces L% stated •ft¢r¢h•rginB: DepTr￿atiOn Profrt on disposal Auditets, remun￿1)ft - Audit serv￿$ - Ot￿r xryices TnJsteÈs' expense5 Directors. emdLwnerbts arKI ollEr berrfts ek. 63.912 57.545 1.400 955 No trus*e12021'. n￿) receh*d eiiher ￿m￿neral￿)n or re￿￿[geMen1 ofexFertses ye¥. TAXATION.. Ng liablity to UK coTporalw)n tayarises orrknary ac11￿leS forlhe year ended 31stMarth 2022 norfortheyear ¢nde4 31st Marth 2021. STAFF COSTS: The￿ petsons trnpbjy￿ by U* ch￿rtY dw¥y Ihe year. 12- CC4TORVALVAllOIt 145 I62.￿2 9.542.171 182.C 31*tPAkn*2(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 fvj31lipA￿2ty￿1 9.Q4A99 124517 IB.513 9.167. IDLAND SPORTS CENTRE FOR THE D￿A8LED 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 fa*va￿t ¢tynNi8e.' FvAed irderesl È4ulies Other Cash irNe5bnent F￿tr{￿l 123.627 151.748 181.831 16.183 473.389 10. OE8TORS: Amounts l￿fjng duÈ*thin oneyw. 2022 2021 Trade debtors Other debtors 5.311 5.311 11. CREofroRS: Arnounts fallng withln yw. Trade ¢￿d￿0 (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 re￿1¥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 A￿U$l 2024. MinKnum lease payments ¢)per￿lrt9 *ases faldue a5 fD￿J*S.. 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 Dr4*ed dovs nrA contract to a Ilwrd party to wthrtake any f¢Jndrat5W¥J on its beha￿. Thg ¢*arity thes oirter. IA* h•* no fijndraising t￿plaints d￿7￿9 Ihe year. 15-