REGERED COMPANY NUMBER: 01769840 (IDgland 8nd Wales) REGISTERED CHARITY NUMBER.. 514717 Repfyrt of the Tr•steu *d Unaudited FIDanelal Stalemellts for the Year EDded 31 March 2023 for NewbvrD Rfvernlde Ro¢MIIoD AJ8oeltloM Umh•d Peter Weldon & Co. Ltd 87 Station Rolld Ashington Northumberland NE63 8RS
Newburn RIveIde Recreatiott knoclation Limited Colltents of the FlnYdDclal StstemeDts for the Year Ended 31 March 2023 Page Report of tbe Trust¢es Illdeptndent Ex2mlner's Report Statement of Financial Adivitie8 BalaD¢e Sheel 7 to 8 Noks to the FIDallclal Ststements 9 to 16 Dethlled Statemellt of Flnaneial Aeilvities 17
NevA)nrn Riverside Re£r¢tioD Association Report of the Trnsleej for the Year Ended 31 March 2e23 The trustees who are also dir¢ctors of the charity the purposes of the Companies Act 2006. present their report with the financial stat¢ments of the charity for the year ended 31 Mar¢h 2023. The tNstees have adopted the provisions of Accounting and Reporting by Clwitics.. Ststemeni of Rrned Prnctice applicable to charities prepaTill8 their accounts in accordaD¢e with the FinanciaI Rep)rting stsnd applithlc in the UK and Republic of Ir¢1w (FRS 102) (effective l January 2019). The charity exists for thc b¢n¢fit of the public through the provision of its services to any member of the public, and the trustees hav¢ ¢onsid¢red the Charity Commission's 8uidance on public benefit. The ¢horitys purpos¢ as set out in the objects contained in the compan$ Articles of Association is to: ' promote the benefit of th¢ inhabitants of Tyne And Wr thd the Nei8hiJurhood (hereinaftef called the 'ar¢a of ben¢fit" by the provision of the facilities in the interests of social welfare for re¢rntion and other l¢isur¢ tim¢ occupation with the object of impTovill8 the life for the beneficiaries. and provide improvemeni and maintenance of the wnd$ and buildings at Newburn Lisure Ccntrc ftir th¢ pur$¢ of re¢reation and other leisure time (Kcupation with the object of improving th¢ ¢onditions of life for the beneficiari¢s. Ncwburn ixisure Centre has developed a wide ran8e of activiti lo me¢t th¢s¢ objectives bosed upon the followin8 facilities available to the public: • Indoor sIS hall * Fithess facilities * Sensory roomllnternctiv¢ Room * Indix)r climbin8 wall * Outdwr sports field Outdoor S-84id¢ courts * Water based activities on adjacent River Tyne * Outdoor activitics in adjacent Newbum Countyside Pk Newburn Leisure Centre becam¢ indcpcndent from an integrated vcntUTe with Newcastl¢ City Council on l April 2015. The organisational structure, mana8emcnl and operntions are w¢ll established and the centre is operating at a similar level prior to the chan8eover. The aim of the charity is to be self-finan¢in8 and promote the lon8 terni security of the ¢entr¢. The trustees have paid due re8ard to guidance issued by the Charity Commission in &iding what activities the charity should undertake. Budgets The income for 2022f23 was supported by grants. Targets The primary target was to fo andlor addrtss the continuing implications of NewcLStl¢ Cty Council grant withdrnwal and position the Centre fjnances and operntion structure for the immediate. medium and long tsrni future. In this respect pennanent changes to opening times and staff working houTS hav¢ been implemented in 202 If22.
Newburn Riverslde ReeTeation knociatioD Limlted Report of tbe Tnte¢S for the Year Ended 31 March 2023 ACHtEVEMENT AND PERFORMANCE Activities Th¢r¢ is a wide range of activities related to the f&cxlities available. Ac¢urnt¢ records of users are kept as part of th¢ review of ongoing operations. The future perfornwice of the group will be influenced by the Lxjnsolidation of core activities. Fulure developments Initial propolS for a range of future facility developments at the Centr# remain in place ond the group continues to s¢¢k grants for capital developmen¢ equipm¢nt and T¢venu¢ activiti¢s. In 2022123 some minor improvcmcnts were achieved. Equipment for variou$ activities was also replaced andlor enhanced. FINANCIAL REVIEW FiDaDcio1 pojldon During the year ended 3 1st March 2023 th¢ net Assets of Newburn Rivcrside Rttr¢ational Association decreased by £93,769 (2022: £72,267). Totsl fvnds at the ye8r4nd were £1.493,425 (2022: £1.587,194). The tradin8 Aspect, that is the activities undertaken at the Centre, remains broadly constsnt although there are tt number of different "one oty events that occur each year. The number and variety of activities is extensive and usagclincome fluctuates year on year b¢ten th¢ activities. Th¢ Ccntre is run by the charity's trading subsidiary. N¢wburn Sports SerYic¢s Limited. Investment polley And objeedvej The Iru5t¢C5 ¢onsid¢r th¢ most 4)propriat¢ poli¢y of inv¢stin8 funds at the ¢UTrent time is to retain an increasing I¢) of funds on deposit. The trustees have assessed the major pre Covid-19 risks to whith the ¢h8rity is expos¢d and ar¢ satisfi¢d that systems are in place to migrnts exposure to the major risks. Ruervej pollcy Th¢ trustees beli¢v¢ it is prudent to maintain unTe8tri¢ted fund5 at a level, which equates to approximately 6 months unrestricted expenditure being £366,000. At the year end th¢se totslled £1,493.425 (2022: £1587,194). STRUCTURE, GOVERNANCE AND MANAGEMENT Gov¢rDIDg dotum¢nt Newburn Riverside Recreation Association Limited is a eompany limited by guarante4 and a registered ch8rity An England governed by its memorandum and articles of association dat¢d I l MaT¢h 1996. Charity number 514717. Cornpany number 01769840. Th¢ company has no share capital. RÈ¢rultment and appolntment of trustee8 The Board of Trustees shall consist of not less than 3 aad is not subject to a maximum. Trustees are appointed at the annual general meeting or durin8 the year to fill a vacancy how¢v¢r they will only hold office until the next 8nnu&l gen¢ral mxtin8 if th¢y are not re-appointed at that meetin
Newburn Rlver8lde Reere*tioD Assocladon Umited Report of the Trustees for the Year Ended 31 Mar¢h 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisation The Board of Trnstees meet on a monthly basis to administsr the charity and to review Strat¢ and future operation requirements. The charity comprises of the provision of a r¢creation ¢entr¢ for all ages within Tyne & Wear through its subsidiary N¢wbern Sports Services Limit¢d. Th¢ subsidiary company operates the sports centre. Newburn Leisure Centre is open 7 days a weck (¢xcludin8 publi¢ holidays And a Christsnas closure period). Th¢ day to day management of the Centr¢, site a¢iiviti¢s, Staff, facility r¢sources and operational aspects is th¢ Tr$ponsibility of the manag¢m¢nt staff comprising the Ccntre Manager and Duty MAnag¢rs. The Centre management staff report to and consult the Company SecretAry on dis¢Tetionory spending et¢. and issu¢s arising at the Centre that r¢quirc executivclauihority. Th¢ Centre MAnager and Company Secretary meet on a regular bASiS b¢twe¢n the monthly man&8ement meetin8S. Induetlon And trglnlng of llew Irusteej New Trust¢e5 r¢¢eive Copies of all relèvhnt documentation, whi¢h aff explained by the chair. This will include the constitution, or8&nisation management infornlation relatin8 to their role, the scope and responsibility of the Board and the syst¢m of delegated autlK)rity and inforniation About the ¢y¢l¢ of meetings. Opportunities for meetin8 Staff are al80 arnnged. Pay polley for key management perJoiiDel The trustees consider key management comprise the charitys trustees who are in charge of directing and controllin& running and operating the charity on a day to day basis. Detsil$ of truste¢'s remuneration and expenses are di8¢losed in the notes to the accounts. Th¢ pay of the trustees is revicwcd annually. REFERENCE AND ADMTRAT DETAILS Registered Compally number 01769840 {En8land and Wales) Reglstered Charlty Dumber 514717 Reglstered offi Newburn Leisur¢ C¢ntre Grange Road, Newburn NeWclIe Upon Tyne Tyne &Wear NEIS 8ND Trnstets W Shaw Quantity Surveyor J F Lambert Quantity Surveyor L I Wri8ht Finance Administrator (r¢si8n¢d 121812023) E A Whittaker Retired (resigned 81612023) M Hogarth Poslal Worker M H Townson Retired Engineer
Newburn Rfvenide Reerealion As80¢ition iamhted Report of the TThslee for the Year Ended 31 Marth 2023 REFERENCE AND ADm[NITIvE DETAIiS Company Se¢r¢tary J F Lambert IDdepend¢Dt Examlner Peter Weldon & Co. Ltd 87 Station Road Ashing¢on Northumberland NE63 8RS Approved by order of the board of truses on 6 December 2023 and signed on its behalf by: W Shaw- Trust¢e
Independent Examiner's Report ¢0 the Trnstees or N¢wburD Riverside Re¢MtloD Association Limited Indtpendenl examiner'j report to the Inlet8 of Newburn RlverJide Re¢reatlon Association Umlted Cthe Company,) I report to the charity tTUStees on my examination of th¢ accounts of the Company for the year ended 31 March 2023. Re4ponslblllile8 and b4sts of report As the charity's trustees of the Company (and also its directors for the purposes of mpanY law) you are responsible for th¢ pr¢paration of th¢ coUnts in accordance with the requirements of thc Componi¢s Act 2006 Cthc 2006 Acf). Having satisfied myself that the accounts of the Company are nol required to be audited under Part 16 of th¢ 2006 Act and are eligible for independent examination, I r¢port in respect of my examination of your ¢haritys accounts as caled out und¢r Section 145 of the Charities Act 2011 ('the 2011 Ace). In carryin8 out my examination I hAv¢ followed the Directions given by the ChArity Commission under Section 145(5) (b) of the 2011 Act. Ind¢p¢ndent eJ*miner'8 Statement I have comPled my ¢xamination. I confi that no matter5 have ¢orn¢ to my attention in ¢onn¢Gtion with the examination giving me cause to believe: accounting records were not kept in respect of the Company 08 required by Section 386 of the 2006 A¢L' or th¢ CoUnts do not Iord with those CordS. or the accounts do not comply wtth the a¢¢ountin8 requirements of Section 396 of the 2006 Act other than any requir¢m¢nt that th¢ a¢¢ounts give a true and fair view which is not a matter consid¢r¢d as part of an independent examination; or th¢ a¢eounts have not been prepared in accordance with the methods and prin¢ipl¢s of the Statement of Recommended Practice for accounting and r¢portin8 by charities (applicable to charities preparin8 their accounts in aordIn¢ with the Financial Reportin8 Standard appliMbl¢ in the UK and R¢publi¢ of Ireland (FRS 102)). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo ¢nabl¢ a proper understanding of th¢ accounts to be reached. p¢r Weldon Peter Weldon & Co. Ltd 87 Station Road Ashington Northumberland NE63 8RS 6 December 2023
N¢wbnrn Rlverslde Reereation Association IAmited Stsiemenl of Financial Aetiviiles for the Yr EDded 31 Mlrth 2023 2023 Unrestrieted fund8 2022 Total fuDd8 Noles Donations and legacies 18,678 43.397 Oth¢r trading activities Investment income 31,659 1,017 31,659 1.545 Totsl 51.354 76,601 EXPENDITURE ON Raising funds 137,221 141,754 Other 7,902 7,114 Total 145,123 148,868 NET INCOMEJ(EXPEI¥DfTURE) (93,769) (72267) RECONCILIATION OF FUNDS Total funds brought forward 1.587.194 .659,461 TOTAL FUNDS CARRIED FORWARD 1.493,425 1,587,194
NewbuTn Riv¢r8ide Re¢MIioD AssocilioD Umlted Balance Sheet 31 March 2023 2023 Unrestri¢ted runds 2022 Total funds Notrs FIXED ASSETS Tangible Lssets Investh)ents 1,114J94 1240.469 1,114.396 1,240,471 CURRE ASSETS Debtor5 Cash at bank 10 379,907 168.966 327.279 228,395 548,873 555,674 CREDoRs Amounts fallin8 due within one year (11.540) (26,007) NET CURRE ASSETS 537.333 529,667 TOTAL ASSETS LESS CUIUI LIABILITIES 1,651,729 1,770.138 CREDITORS Amounts fallin8 due after rnore than one year 12 (158.304) (182,944) NET A&SETS 1,493.425 1.587,194 14 Unrestricted fur 1,493,425 1,587,194 TOTAL FUNDS .493.425 1,587.194 The charitable company is ejrtitled kn exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023. The m¢mb¢rs have not required the company to obtain an audit of its fin•n¢ial staments for the year ended 31 March 2023 in accordance with Section 476 of the Companies Ad 21x16.
Newburn Riverslde RecreAtion As80¢i*tion Llmlted Balance Sheet- ¢ontinlled 31 MAreh 1023 The trustees acknowl¢dg¢ their responsibilities for {a) ensuring that the charitable CoMpY keeps ac¢ounting r¢¢ords that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statcmcnts whi¢h give a true and fair view of the state of affairs of the charitable company as at the cnd of each financial year and of its sUlUS or d¢ficit for ¢a¢h financial year in accordance with the T¢quirements of Sections 394 and 395 and which otherwise comply with the requirements of th¢ Compani¢s Act 2006 r¢lating to financial statements, so far as applicable to the chwitabl¢ wmpany. These financial stst¢ments have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the BoArd of Trustees and authorised for issue on 6 December 2023 and were si8n¢d on its b¢half by.. JFL&fvfy& J F Lamb¢rt- TThste• W Shaw- Trustee
NeTvburn RlverJlde Recreation Asyothiio Noteg to the FiDan¢ial Stteme#ts for Ihe Year Emtsl 31 MAreh 2023 ACCOi]NfiNG POiICIES Basis of prepArlRg the fiDancid ststements The financial Statements of the charitable company. which i5 a public benefit entity under FRS 102, have been prepared in accordance with th¢ chariti SORP (FRS 102)'Accounting and Reporting by Charities: Statement of Recomm¢nded Prnctice applicable to charities Fireparing their acwunts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reportin8 Standard 102 The Financial Reting Stsndard applicable in th¢ UK and Republic of Ireland, and the Companies Act 2006. The financial stateMts have be¢n PT¢pred under the htstorical cost Conventio with the ¢x¢cption of inves1mts which are included at market value. ID¢ome All income is reco8nised in the Ststement of Financial Activities onee the charity h8s entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Donailons and kgacie8 Income from donations and pits that provid¢ e4)re fuoding or arc of a gcncrnl natur¢ are retO8nised where there is entitlemenl certainty of receipt and the amounts wi b¢ m¢asyred with suffiGi¢nt r¢liability. Expenditure Liabilities are recOgnis &$ expenditure as soon as there is a legal or constructive oblilon committing the charity to that exFndiluT4 it is probable that a transfer of economi¢ b¢J)¢fits will be required il) ttlement and the amount of the obligation Ix measured reliably. EXditUre is accounted for on an accTual$ b&sis and has been classified under he4dings that agw all &)st related to the category. Where costs cannot be directly attributsd to particular h¢adin8s they have been a]locateJJ to activities on a basis consist¢nt with the us¢ of r¢SoUr. GovernaDte eosts Include thos¢ costs associated with meetirtg the n$titirtlonaj and statutory requirements of th¢ group and include accountancy fees and costs linkd to the strategic managemeDt of th¢ group. Tanglble fjxed ssets Depr¢ciation is provided at the following nual rates in order to write off each asset over its estimated useful life. Long leasehold Plant and machinery Fixtures and fittings 25-50 years straight li 2LWo on reducing balance per annum 15Y• on rJucing balan¢¢ per annum Individual assets costing £50 or more are capitaiised at cL The gain or loss arising on the disposal of an asset is deteTmin¢d as the difference between the sale proceeds and the wing value of the as4 and is rwnised in net in¢omel(¢xpenditure) for the y¢ar. Subsequent cost4 including replacement part4 are capitaiised onty when it is probable that sh costs will Benerate future economic benefits. Any replaced parts or remaining carrying amounts are then derecognised. All other costs of repalrs and maintenance are char8e5 to the Statem¢nt of Financial Actlvities.
Newbunb Riverside RecrtAdon As8oelAtIOD Limited Notts to the Flnancial Sta¢ements- continued for the Year Ended 31 March 2023 ACCOiINTING POLICIES- eondnued Taxation The charity is exempt from corporation tsx on its charitsbl¢ activities. Fund a¢¢ountlng Unrestricted funds can be used in IOrdance with th¢ charitsble objectives at the discretion of th¢ trust¢¢s unless th¢ funds have been deSIated for other purposes. Restricted funds can only be used for particulAr restricted purposes within the objects of the ¢harity. Restrictions arise when specsfied by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of ¢a¢h fund is included in the notes to the financial statements. DONATIONS AND LEGACIES Donation$ and legacies Unrestricted Funds Totsl 2023 Total 2022 Donations and 8tfts Grant release NCC Covid-19 wt 10.497 14,900 18,000 14,900 3,778 14,900 3,778 18,678 18,678 43.397 OTHER TRADllYG ACTIVITIES 2023 2022 Operation of Sports Centre 31,659 31,659
Newburn Rfvenlde R¢ere•doD AJsoeiAtion Nolu to the Financial StxtemeDts- continned for the YeAr Ended 31 M*r¢h 2023 INVESTMENT INCOME 2023 2022 Dep)sit ac¢ount interest 1,017 1,545 N¢t in¢ome/(expenditure) is ststed after charginW(¢redilin8): 2022 Lkpreeiation. owned ass¢ts 131,970 131,847 TRusfEES' REMUNERATION AND BENEFfTS Ther¢ w¢r¢ no trust¢¢5' r¢muneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. There were no trustees, expenses paid for the y¢ar ended 31 March 2023 nor for the year ended 31 March 2022. COhfPARATIVES FOR THE srATEr OF FINANCIAL AcTIs UDrestrleted fund8 YCOME AND ENDOWMENTS FROM Donations And legaeies 43,397 Other trading a¢tiviti¢s Investment income 31,659 1.545 Total 76.601 EXPEIWITURE ON Raising funds 141.754 Other 7,114 Total 148.868
Newburn RlveT¥lde Recreation Association Limited 1¥4ote8 to the Flllanelal SthÉements- continued for the Year Ended 31 Mareh 2023 COMPARATIVES FOR THE STATEMENf OF Fll¥ANc ACTIVITIES. contlllued Unrestrleted fuDd8 NET INCOMEI(EXPE14DITUBX) (72267) RECONCILIATION OF FUNDS Total funds brou8ht fonvard 1,659,461 TOTAL FUNDS CARRIED FORWARD 1,587.194 TANGIBLE FIXED ASSETS Flxtur and Ilttlnv Plant machln¢ry lewhold Tota COST At l April 2022 Additions 3.626,209 314JlS 3,175 54.084 2,720 3,994.608 5,895 At 31 March 2023 3,626,209 317,490 56,804 4.¢X)0.503 DEPRECIATION At l April 2022 Charg¢ for y 2,416,492 125,115 290,305 5,436 47,342 1,419 2,754,139 131.970 At 31 March 2023 2,541,607 295,741 48,761 2,886.109 NET BOOK VALUE Ai 31 March 2023 1,084,602 21.749 8,043 1.114,394 At 31 March 2022 1,209,717 24,010 6,742 1,240,469
Newburn Rivenide ReereAih)• AJso¢•atio Lffimited Notes to Ihe FillaDeial Sta¢ements- tonthiued for the YeAr Eaded 31 M•r¢h 2023 FIXED ASSET INVLSTMENrs Shares I group undertakiD&4 Cojt or valryation As at l April 2022 & 31 March 2023 Carrying amouDt As at 31 March 2022 As at 31 March 2021 The charity has a wholty owned subsidiary. Newburn Sp)rts SeThices Limit&l a company incorporated and registered in England and Wales (company number 026841(K)). Its regist¢r¢d Offi RS Newburn tLisure Centre, Grdnge Roa Newbu Newc8Stle un Tyne, NE15 8BD. The company otmtes the sp)rts centre Newburn I£isure Centre on behalf of the charity and pays it som¢ of its profits to the charity by gift aid. Newburn Sports Services Limited is exempt from audit by virtue of s479A of th¢ Charities Ad 2006. 10. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2023 2022 Amounts owed by group undertakings Other debtors 379.593 326,979 127 173 379.907 327,279
NewbnrD Riverside Re¢realion AJ%Ki8110 Iamited Nots to the FillAD¢i St#temettts- eoDtIAued for the Year E•ded 31 MArtk 2023 2023 2022 Bank loans and overdrafts (see note 13) Trnde ¢reditors Other creditors Accrua exF*nses 8.920 533 921 8.920 13 908 16,166 11,540 26,007 12. CREDITORS: Amou FALLIY4G DUE AFfER MORE THAN OI¥E YEAR 2022 Bank loans {$¢¢ note 13) Grant reserve 24.174 134,130 33,913 149,031 158,304 182,944 13. LOANS An analysis of the maturity of loans is given below: 2023 2022 Amounts fallxn8 due within one year on deMfir: Bank loans 8,920 8.920 Amounts fallin8 due between two and five years: Bank loans- 2-5 years 24,174 33.913 14. MOVEME1 IN FUNDS Net movement ID fundi At 3113123 At 114Q2 Unresirleled lld$ Unrestricted fund 1,587,194 (93,769) 1,493.425 TOTAL FUNDS 1.587.194 (93,769) .493.425
Newburw Riv¢nlde Re¢rtstloD Association Umited Notes to the FiDaoeial StatemeDts- tontittued for the Year KDded 31 Mxrth 2023 14. MOVEME1 IN FUNDS. tooilDxI Net movement in fvnd& in¢luded in the above are as follows: Incomi Resources expended Movement In fund8 Un1rACted fundg Unrestricted fund 51J54 {145,123) (93.769) TOTAL FUNDS 51.354 (145.123) (93,769) c0mprnt1v for mov¢m¢fjt In fMd• Net movement At 3113r22 At 114ni UAMtrl¢1 fund• Genernl fund 1,659.461 {7236n 1.587,194 TOTAL FUNDS .659.461 {72,267) 1,587,194 CompaTative movement in fund4 included in at)v¢ as follows: Imeomlthi R¢wur¢e8 expended Mov¢m¢nt In funds UDre8irfcted funds Genernl fund 76.601 {148,868) (72,267) TOTAL FUNDS 76,601 (148,868) {72,267)
Nevvburn River8ide RecreAtion ASSlatIO Nole• to the FlthaD¢ial Statements- coDtill*ed for the Yev Euded 31 Mar¢h 2023 I& MOVEMENT IN FUNDS. eoDtinM¢d A current year 12 months and prior year 12 months combined position is as follows: Net movement Ill 0d1 At 3113n3 At 114ni UntrICted funds General fund Unrestricted fund 1.659,461 (72,267) (93,769) 1.587.194 (93.769) 1.659,461 {166,036) 1,493,425 TOTAL FUNDS 1,659,461 (166,036) 1,493,425 A eurrent year 12 months and prior year 12 months ¢ombintd net movement in funds included in the abov¢ are as follows: IDwmlDg Rosourw Movement expended ID funds UDrestrleted funds G¢n¢rnl fund Unrestricted fvnd 76.601 51J54 {148.868) {145,123) (72,267) (93.769) 127.955 {293.991) (166,036) 127.955 (293,991) (166,036) 15. Included within debtors is an amount of £379.593 (2022: £326.979) owed by Newburn Sw)rts Services Limited, a subsidiary of Newburn Riv¢rside Recreation Limiied. Rent of £31.659 {2022: £31,659) was paid to Newburn Riverside li¢¢r¢ation Association Limited during th¢ year.
Newburn Riverside Rè¢reatioD Asfjo¢i#tion Limited Detailed Ststement of Financial Aetiviiles for the Yr Ended 31 M2reh 2023 2023 2022 ¥COME AND ENDOWMENTS DotsatloDs aDd legKies rants 18,678 43 J97 Other trading gctivities Operntion of Sports Centre 31.659 31,659 Inve8lmeDt InMe Deposit account interest 1,017 1,545 Totsl in¢omlng resourees SlJ54 76,601 Other tradiDg activities Operntion of th¢ sports centr¢ 12 12 Support costs Flnance Bank ¢harge5 95 71 Other Premises costs Freehold property Plant and machinery Fix¢ur¢s and fittings 10.137 125.114 5.436 1,419 14,118 125,114 5.543 1.190 142.106 145,965 GovernaD¢e costs Accountancy fees Bank loan interest 2,000 910 2.000 820 2,910 2,820 Total resources expended 145,123 148,868 Net ¢xpenditur¢ {93.769) (72,267) This page dijes nol fonn part of the statutory financial statsments