**Charity registration number 515760**
## **SANDYLANDS SPORTS CENTRE**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023**
## **SANDYLANDS SPORTS CENTRE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|R Beck||
|---|---|---|
||T Howson||
||A Solloway||
||G Calam||
||W Burnett||
||J Mukherjee||
||P Wilkinson||
||C Carroll||
||B Bruce||
||A Cox||
||R Mahmood||
||B McDaid|(Appointed 27 June 2023)|
|**Charity number**|515760||
|**Principal address**|Sandylands||
||Carlton New Road||
||Skipton||
||BD23 2AZ||
|**Independent examiner**|Shepherd Partnership Limited||
||Carleton Business Park||
||Skipton||
||BD23 2DE||
|**Bankers**|HSBC Bank plc||
||61 High Street||
||Skipton||
||North Yorkshire||
||BD23 1DW||
## **SANDYLANDS SPORTS CENTRE**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 - 15|
## **SANDYLANDS SPORTS CENTRE**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 AUGUST 2023**_
The trustees present their annual report and financial statements for the year ended 31 August 2023.
## **Objectives and activities**
Sandylands Sports Centre formerly known as The Coulthurst Craven Sports Centre is the main provider of comprehensive dry weather community based sports and recreational facilities in the Craven Area. The original sports hall was constructed in 1972 by The Coulthurst Trust, founded by the late John W Coulthurst MA, JP of Gargrave.
The existing facilities comprise outside all weather pitches and tennis courts, four badminton courts, five a side football, basketball, netball, cricket and tennis in the main hall, four squash courts (two glass backed), a fitness room, a martial arts room, an aerobics room and associated changing facilities.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
- 1 -
## **SANDYLANDS SPORTS CENTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2023**_
## **Achievements and performance**
Indoor Tennis Courts - by late January 2023 the Lawn Tennis Association decided not to renew the £250,000 10year interest free loan, which they granted to Skipton Tennis Centre in March 2012. Skipton Tennis Centre nevertheless continued to have positive meetings with contractors. The scheme was therefore amended to exclude the building and create three outdoor tennis courts and two padel courts at a cost of around £400,000. An application for Non-Material Amendment of Planning Application 2019/20610/FUL was submitted to Craven District Council for the amended scheme. It was approved on 11 April 2023. Skipton Tennis Centre commenced work on compiling a funding package for the amended scheme. It was hoped that a loan would come from Yorkshire Tennis rather than the Lawn Tennis Association. By June 2023, Skipton Tennis Centre's accountant had completed the end of year accounts and the project costs were finalised. The new lease between Sandylands Sports Centre and Skipton Tennis Centre, the terms of which were agreed by the Sandylands Sports Centre Management Committee at a meeting on 24 June 2021, was progressing with the respective solicitors. As of 31 August 2023, the funding package had still not been finalised. The padel court, which opened on 6 May 2022, is proving very popular.
Gymnastics/Climbing Extension - further flood modelling was undertaken by JBA Consulting on behalf of Sandylands Sports Centre and forwarded onto the Environment Agency on 13 October 2022. As a result, on 15 November 2022, the Environment Agency finally withdrew their objections. Craven District Council therefore subsequently granted full planning permission on 18 November 2022. Guidance prices were the requested from five local contractors. The project costs had risen to over £1 million. Funding applications were sent to the Bernard Sunley Foundation, the Garfield Weston Foundation and also North Yorkshire Council's UKSPF (Levelling-Up) Fund. On 16 March 2023, the Chairman met Stuart Haire, the new Chief Executive at Skipton Building Society, to discuss a possible substantial loan. The Sandylands Sports Centre Management Committee approved in principle the draft lease with Bradford Climbing Hub for Climbing/Bouldering and meetings took place with the two directors. Craven Gymnastic Club continued to fund raise for the equipment required for the Dedicated Gymnasium. The Chairman took part in a webinar with North Yorkshire Council's Strategic Leisure Review Team on 16 August 2023, in connection with the application to the UKSPF (Levelling-Up) Fund.
50th Anniversary - Sandylands Sports Centre celebrated its 50th Anniversary on 11 November 2022. The website was updated and banners erected. As part of the celebrations, the Chairman compiled a book entitled "The History of Sandylands Sports Centre", which can be downloaded from the Sports Centre website. The celebrations have drawn many positive comments.
Governance - there was a meeting with Andy Shield from Community First Yorkshire on 3 August 2023 to consider the possible conversion of the self-help Registered Charity to a Charitable Incorporated Organisation. The report was considered by the Sandylands Sports Centre Management Committee at the subsequent meeting on 26 September 2023 and approved.
Disability and Inclusion - a meeting took place on 9 August 2023 with Paul Downes from Activity Alliance to discuss further provision for Disability Inclusion Sport at Sandylands Sports Centre. This is being progressed. The Sports Centre website was updated accordingly.
Maintenance - three estimates were received for improvements to the All-Weather Pitch, Reception and the creation of a full Disability Suite at the All-Weather Pitch changing rooms building. The contract was awarded to A M Bowdin Ltd. Grants totalling £5,750 towards the £25,000 scheme were received. Work commenced in May2023. Remedial works to the surface of the 3G All-Weather Pitch were undertaken during the the Summer of 2023. It was confirmed on 24 August 2023 that the pitch had once again been added onto the FA 3G Football Turf Pitch Register.
Sandylands Masterplan - North Yorkshire Council appointed STRI to undertake a Sandylands Masterplan. Site meetings, workshops and surveys were undertaken and the initial outcomes are anticipated around December 2023.
Usage - usage at the Sports Centre has continued to steadily increase and is now slightly above pre-Covid levels. The Floodlit 3G All-Weather Pitch is still being very well used.
Meetings - from September 2022 up to August 2023 the Management Committee, together with the Sub-Groups, continued to meet via Zoom.
- 2 -
## **SANDYLANDS SPORTS CENTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2023**_
As Chairman, I am once again very grateful for the continued support and vision of the Trustees and the dedication of Daile Coope, the Sports Centre Manager, and his team. Sandylands Sports Centre continues to provide comprehensive and affordable sport and recreational facilities for use by all the community, both in North Yorkshire and also the adjoining parts of West Yorkshire and East Lancashire.
## **Financial review**
The Charity's unrestricted funds stood at £1,032,856 at the year end. Funds deployed as part of premises and equipment stood at £890,061, leaving free reserves £142,795. This is more than sufficient for immediate needs above the level of £30,000, or two months expenditure which the trustees consider practical and achievable to cover risks and uncertainties of running a sports centre. The policy is to build up reserves, subject to prior demands of further capital expenditure to equip the centre with up to date facilities needed to maintain the standard of sporting facilities currently provided.
The main aim of the reserves policy is to try to build up reserves for future replacement of facilities over and above the normal maintenance and repairs. In particular, the replacement of the all weather pitch carpet and the biomass boiler are the main objectives, this currently stands at £516,653. The building up of reserves is difficult because the centre, although a registered charity and main provider of community based sport and recreation facilities in Craven, it is nevertheless not subsidised by North Yorkshire Council.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The charity was established by a charitable trust deed on 31 August 1984 to hold land and buildings at Sandylands, Carlton New Road, North Yorkshire, BD23 2AZ.
The trustees who served during the year and up to the date of signature of the financial statements were: R Beck
T Howson A Solloway C Harbron (Resigned 31 March 2023) G Calam W Burnett J Mukherjee P Wilkinson C Carroll B Bruce A Cox A Higgins (Resigned 27 June 2023) R Mahmood B McDaid (Appointed 27 June 2023)
- 3 -
## **SANDYLANDS SPORTS CENTRE**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2023**_
The charity is managed by a voluntary management committee, who are trustees, the members representing the various sports in the area and also North Yorkshire Council and Skipton Town Council. The centre also has a good working relationship with Elaine Hiser, the sports development officer for North Yorkshire Council. All members of the committee shall retire at the end of the next annual general meeting after the date on which they came into office, but they may be re-elected or re-appointed. The committee is responsible for all decisions made in the administration of the charity. The trustees meet five times per year and the chairman and centre manager are in contact every week to sort out minor problems face to face. It is a self help organisation. There is no membership fee, the facilities being used by all sections of the community.
The sports centre employs a full time sports centre manager, a part time assistant manager, part time receptionists, aerobics and fitness instructors, gardener, cleaners and various tradesmen as required.
The sports centre is fully operational under Health and Safety and safe systems of work.
On behalf of the board of trustees
## **R Beck**
Dated: 28 November 2023
- 4 -
## **SANDYLANDS SPORTS CENTRE**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF SANDYLANDS SPORTS CENTRE**
I report to the trustees on my examination of the financial statements of Sandylands Sports Centre (the charity) for the year ended 31 August 2023.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
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 to enable a proper understanding of the financial statements to be reached.
## **Shepherd Partnership Limited**
Carleton Business Park Skipton BD23 2DE
Dated: 29 November 2023
- 5 -
## **SANDYLANDS SPORTS CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 AUGUST 2023**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**Notes**
**£**
**£**
**Income from:**
Grants receivable
**3**
5,000
-
Sports Centre Income
**5**
275,209
-
Investments
**4**
3,566
-
**Total income**
283,775
-
**Expenditure on:**
Raising funds
**6**
282,736
-
**Total resources expended**
282,736
-
**Net incoming resources before transfers**
1,039
-
Gross transfers between funds
(48,722)
48,722
**Net (expenditure)/income for the year/**
**Net movement in funds**
(47,683)
48,722
Fund balances at 1 September 2022
1,080,539
467,931
**Fund balances at 31 August 2023**
1,032,856
516,653|**Total**
**2023**
**£**
5,000
275,209
3,566
283,775
282,736
282,736
1,039
-
1,039
1,548,470
1,549,509|Total
2022
**£**
65,628
278,959
-|
|---|---|---|
|||344,587|
|||233,307|
|||233,307|
|||111,280
-|
|||111,280
1,437,026|
|||1,548,306|
The statement of financial activities includes all gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 6 -
## **SANDYLANDS SPORTS CENTRE**
## **BALANCE SHEET**
## _**AS AT 31 AUGUST 2023**_
|**Notes**
**Fixed assets**
Tangible assets
**10**
**Current assets**
Stocks
**14**
Debtors
**12**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**15**
Unrestricted funds - general|**2023**
**£**
**£**
890,061
2,390
36,531
634,312
673,233
(13,785)
659,448
1,549,509
516,653
1,032,856
1,549,509|**2022**
**£**
**£**
919,613
4,983
38,806
594,699
638,488
(9,795)
628,693
1,548,306
467,931
1,080,375
1,548,306|**2022**
**£**
**£**
919,613
4,983
38,806
594,699
638,488
(9,795)
628,693
1,548,306
467,931
1,080,375
1,548,306|
|---|---|---|---|
||||1,548,306|
||||467,931
1,080,375|
||||1,548,306|
The financial statements were approved by the Trustees on 28 November 2023
R Beck **Trustee**
- 7 -
**BALANCE SHEET (CONTINUED)** _**AS AT 31 AUGUST 2023**_
## **SANDYLANDS SPORTS CENTRE**
## **1 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **2 Accounting policies**
## **Charity information**
Sandylands Sports Centre is a registered charity established by a charitable trust deed on 31 August 1984.
## **2.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **2.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **2.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
- 8 -
## **SANDYLANDS SPORTS CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 AUGUST 2023**_
## **2 Accounting policies**
## **(Continued)**
## **2.4 Incoming resources**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
## **2.5 Resources expended**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
All resources expended relate to trading costs aasociated with the operation of a sports centre.
## **2.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings Nil Plant and machinery 25% reducing balance Fixtures, fittings & equipment 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **2.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
- 9 -
## **SANDYLANDS SPORTS CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2023**_
## **2 Accounting policies**
## **(Continued)**
## **2.8 Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
## **2.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **2.10 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Financial assets classified as other financial assets are stated at fair value with any gains or losses arising on remeasurement recognised in profit or loss. The net gain or loss recognised in profit or loss includes any dividend or interest earned on the financial asset.
## _**Other financial assets**_
Financial assets with fixed or determinable payments and fixed maturity dates that the charity has the positive intent and ability to hold to maturity are classified as held to maturity investments.
Held to maturity investments are measured at amortised cost using the effective interest method less any impairment, with revenue recognised on an effective yield basis.
The effective interest method is a method of calculating the amortised cost of a debt instrument and of allocating the interest income over the relevant period. The effective interest rate is the rate that exactly discounts estimated future cash receipts through the expected life of the debt instrument to the net carrying amount on initial recognition.
- 10 -
## **SANDYLANDS SPORTS CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2023**_
## **2 Accounting policies**
## **(Continued)**
## _**Impairment of financial assets**_
Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.
If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.
## _**Derecognition of financial assets**_
Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Other financial liabilities**_
Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in or in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **2.11 Foreign exchange**
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
- 11 -
## **SANDYLANDS SPORTS CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2023**_
## **3 Donations and legacies**
|**Unrestricted**
**funds**
**general**
**2023**
**£**
Donation and Gift Aid
-
Local government grants
5,000
5,000|Total
2022
£
50,580
15,048|
|---|---|
||65,628|
## **4 Income from investments**
|**5**
**6**|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2023**
**2022**
**£**
**£**
Interest receivable
3,566
-
**Sports Centre Income**
**Unrestricted**
Total
**funds**
**general**
**2023**
2022
**£**
£
Rental income
8,277
9,546
Charitable activities income
266,932
269,413
Sports Centre Income
275,209
278,959|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2023**
**2022**
**£**
**£**
Interest receivable
3,566
-
**Sports Centre Income**
**Unrestricted**
Total
**funds**
**general**
**2023**
2022
**£**
£
Rental income
8,277
9,546
Charitable activities income
266,932
269,413
Sports Centre Income
275,209
278,959|**Unrestricted**
**Unrestricted**
**funds**
**funds**
**2023**
**2022**
**£**
**£**
Interest receivable
3,566
-
**Sports Centre Income**
**Unrestricted**
Total
**funds**
**general**
**2023**
2022
**£**
£
Rental income
8,277
9,546
Charitable activities income
266,932
269,413
Sports Centre Income
275,209
278,959|
|---|---|---|---|
||||Total
2022
£
9,546
269,413|
||||278,959|
|||||
||**Raising funds**|||
||**Unrestricted**
**funds**
**general**
**2023**
**£**
Sports Centre Costs
Trading activities
282,736||Total
2022
£
233,307|
- 12 -
## **SANDYLANDS SPORTS CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2023**_
## **6**
## **Raising funds**
## **(Continued)**
Trading activities costs includes payments to the Independent Examiner of £1,500 (2022 - £1,500) for the independent examination and £4,000 (2022 - £4,330) for accountancy services.
## **7 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **8 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **9 Employees**
|**2023**|**2022**|
|---|---|
|**Number**|**Number**|
|12|13|
The wages and salaries costs for the year were £117,691 (2022 - £103,234) and social security costs were £2,919 (2022 - £1,052).
There were no employees whose annual remuneration was more than £60,000.
## **10 Tangible fixed assets**
|**Cost**
At 1 September 2022
At 31 August 2023
**Depreciation and impairment**
At 1 September 2022
Depreciation charged in the year
At 31 August 2023
**Carrying amount**
At 31 August 2023
At 31 August 2022|**Land and**
**buildings**
**£**
923,365
923,365
107,371
17,895
125,266
798,099
815,994|**Plant and**
**machinery**
**£**
141,728
141,728
56,336
7,092
63,428
78,300
85,392|**Fixtures,**
**fittings &**
**equipment**
**£**
144,605
144,605
126,378
4,565
130,943
13,662
18,227|**Total**
**£**
1,209,698|
|---|---|---|---|---|
|||||1,209,698|
|||||290,085
29,552|
|||||319,637|
|||||890,061|
|||||919,613|
- 13 -
## **SANDYLANDS SPORTS CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2023**_
## **12 Debtors**
|**Debtors**|||
|---|---|---|
|**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income
**Creditors: amounts falling due within one year**
Other taxation and social security
Trade creditors
Accruals and deferred income
**Stocks**
Goods for resale|**2023**
**£**
26,124
538
9,869
36,531
**2023**
**£**
1,317
4,110
8,358
13,785
**2023**
**£**
2,390|**2022**
**£**
30,104
-
8,702|
|||38,806|
|||**2022**
**£**
1,363
924
7,508|
|||9,795|
|||**2022**
**£**
4,983|
## **13 Creditors: amounts falling due within one year**
## **14 Stocks**
## **15 Restricted funds**
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
|**At 1**|**Transfers At 31 August**|**Transfers At 31 August**|
|---|---|---|
|**September**||**2023**|
|**2022**|||
|**£**|**£**|**£**|
|467,931|48,722|516,653|
- 14 -
## **SANDYLANDS SPORTS CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 AUGUST 2023**_
|**15**|**Restricted funds**|||**(Continued)**|
|---|---|---|---|---|
||**Previous year:**|**At 1**|**Transfers **|**At 31 August**|
|||**September**||**2022**|
|||**2021**|||
|||**£**|**£**|**£**|
|||352,905|115,026|467,931|
## **16 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|**At 1**
**September**
**2022**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
General funds
1,080,539
283,775
(282,736)
**Previous year:**
**At 1**
**September**
**2021**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**£**
General funds
1,084,121
344,587
(233,307)|**Transfers At 31 August**
**2023**
**£**
**£**
(48,722)
1,032,856
**Transfers At 31 August**
**2022**
**£**
**£**
(115,026)
1,080,375|
|---|---|
## **17 Related party transactions**
There were no disclosable related party transactions during the year (2022 - none).
## **18 Analysis of net assets between funds**
|**Analysis of net assets between funds**|||
|---|---|---|
|**Unrestricted**
**funds**
**Restricted**
**funds**
**2023**
**2023**
**£**
**£**
Fund balances at 31 August 2023 are
represented by:
Tangible assets
835,972
54,089
Current assets/(liabilities)
196,884
462,564
1,032,856
516,653|**Total**
**2023**
**£**
890,061
659,448
1,549,509|Total
2022
£
919,613
628,693|
|||1,548,306|
## **19 Analysis of changes in net funds**
The charity had no material debt during the year.
- 15 -