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← Sandylands Sports Centre

2024-08-31-accounts

Charity registration number 515760

SANDYLANDS SPORTS CENTRE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

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
Charity number 515760
Independent examiner Shepherd Partnership Limited
Carleton Business Park
Skipton
BD23 2DE
Bankers HSBC Bank plc
36 North Street
Keighley
West Yorkshire
BD21 3SF

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 - 16

SANDYLANDS SPORTS CENTRE

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 AUGUST 2024

The trustees present their annual report and financial statements for the year ended 31 August 2024.

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.

SANDYLANDS SPORTS CENTRE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Achievements and performance

Indoor Tennis Courts - a new Lease between Sandylands Sports Centre and Skipton Tennis Centre was drafted. It was approved by the Management Committee at the meeting on 28 November 2023 and A Tennis Sub Group was formed to progress the additional Tennis and Padel Courts and new Lease. The new Lease was completed on 13 June 2024. Sandylands Sports Centre acted as "enabler" for the development. Skipton Tennis Centre took out a Loan from HSBC for the project. Phase 1, comprising two Covered Panel Courts, would be undertaken during August and September 2024. Phase 2, comprising three additional outside Tennis Courts and hopefully financial assistance from the Lawn Tennis Association, will be undertaken in 2025.

Gymnastics/Climbing Extension - the Board at Skipton Building Society agreed, in principle, a £500,000 Loan at Base Rate + 0.5% over 10 years, at their meeting on 19 September 2024. The Chairman started to submit various grant applications during October. There was progress with the Gymnastics and Climbing facilities during the Autumn and Spring. In December 2023 and January 2024, the previous Architect (Gary Sorsby) retired and a new Architect (Ian Pawson) was appointed. The drawings were amended following assessments by Structural Surveyors. A North Yorkshire Council grant application for £530,000 was rejected in March 2024 as the climbing facilities were considered an unacceptable private enterprise. As a result, the Management Committee decided to reduce the scale of the Extension by omitting all the Climbing facilities. Amended drawings were produced and a Non-Material Amendment of the approved Planning Permission was submitted on 22 April 2024. It was approved on 14 May 2024. Quotations were requested from local contractors for the revised Extension and the Management Committee approved that from A M Bowdin Ltd for £1.2 million (including VAT) dated 4 June 2024. At June 2024, the confirmed funding had reached just over £1 million. By the end of August 2024, if the outstanding grant applications were successful, then the funding would reach £1.1 million. Despite correspondence with HMRC, the latter still insisted on 20% VAT being paid on the Extension. Work on the Extension was scheduled to start during September/October 2024. The Management Committee, at their meeting in June 2024, formed a Sub Group of Trustees with Full Delegated Authority for the Extension project.

Alterations to 3G Reception Area and Disability Suite - these were completed by November 2023.

Wellington Rifle and Pistol Club - a revised updated Lease between Sandylands Sports Centre and the Wellington Rifle and Pistol Club was agreed by the Management Committee and Solicitors were instructed by both Parties.

Sandylands Masterplan - the Sports Development Officer from North Yorkshire Council attended the meeting of the Management Committee on 26 September 2023 to update Trustees on the Sandylands Masterplan.

Governance - the Management Committee, at their meeting on 26 September 2023, resolved to pursue conversion to Charitable Incorporated Organisation (CIO) with Ruksana Mahmood (Vice Chairman) taking the Lead. Charlie Cattell (Consultant) was appointed to progress the conversion to a CIO. the AGM to place on 28 November 2023, immediately prior to the Management Committee meeting. Further progress onthe CIO was undertaken in 2024. HSBC are undertaking a "Safeguarding Review" in respect of the Sports Centre's Accounts.

Maintenance - following maintenance work on the 3G All-Weather Pitch, the FA confirmed that it was again included on the FA 3G Football Turf Pitch Register. A Structural Surveyor was appointed to look at movement to the ceiling in the Small Hall. The floors to the Main Hall and the Small Hall were both "scrub cleaned" and resealed in December 2023. Some car parking and access road repairs were undertaken in February 2024.

Usage - usage at the Sports Centre from 2023-2024 increased steadily and represented our busiest year ever.

Meetings - from September 2023 to August 2024, all Management Committee and the Finance Sub Group meetings, continued using Zoom.

Open Days - Sandylands Sports Centre hosted the Skipton Sport Community Day on 5 May 2024 and the Disability and Inclusion Day on July 2024. Both were well attended and will be annual events.

As Chairman, I am 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 in Craven. Indeed, once completed, the two major projects will further increase participation in community sport.

SANDYLANDS SPORTS CENTRE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

Financial review

The Charity's unrestricted funds stood at £1,021,790 at the year end. Funds deployed as part of premises and equipment stood at £861,663, leaving free reserves £160,127. 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 £561,885. 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 G Calam W Burnett J Mukherjee P Wilkinson C Carroll B Bruce A Cox R Mahmood B McDaid

SANDYLANDS SPORTS CENTRE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

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: 3 December 2024

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 2024.

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:

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: 3 December 2024

SANDYLANDS SPORTS CENTRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Grants receivable
3
3,250
-
Sports Centre Income
5
299,943
-
Investments
4
10,232
-
Total income
313,425
-
Expenditure on:
Raising funds
6
279,259
-
Total resources expended
279,259
-
Net incoming resources before transfers
34,166
-
Gross transfers between funds
(45,232)
45,232
Net (expenditure)/income for the year/
Net movement in funds
(11,066)
45,232
Fund balances at 1 September 2023
1,032,856
516,653
Fund balances at 31 August 2024
1,021,790
561,885		 Total
2024
£
3,250
299,943
10,232
313,425
279,259
279,259
34,166
-
34,166
1,549,509
1,583,675		 Total
2023
£
5,000
275,209
3,566
283,775
282,736
282,736
1,039
-
1,039
1,548,470
1,549,509

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.

SANDYLANDS SPORTS CENTRE

BALANCE SHEET

AS AT 31 AUGUST 2024

Notes
Fixed assets
Tangible assets
11
Current assets
Stocks
15
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
16
Unrestricted funds		 2024
£
£
861,663
3,385
36,065
692,834
732,284
(10,272)
722,012
1,583,675
561,885
1,021,790
1,583,675		 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		 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
1,549,509
516,653
1,032,856
1,549,509

The financial statements were approved by the Trustees on 3 December 2024

R Beck Trustee

SANDYLANDS SPORTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

Charity information

Sandylands Sports Centre is a registered charity established by a charitable trust deed on 31 August 1984.

1.1 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 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.

1.2 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.

1.3 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.

1.4 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.

SANDYLANDS SPORTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

(Continued)

1.5 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.

1.6 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.

1.7 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).

1.8 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.

1.9 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.

SANDYLANDS SPORTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

(Continued)

1.10 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.

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.

SANDYLANDS SPORTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

1 Accounting policies

(Continued)

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.

1.11 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.

2 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.

3 Donations and legacies

Unrestricted Total
funds
2024 2023
£ £
Local government grants 3,250 5,000

SANDYLANDS SPORTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

4 Income from investments

5
6		 Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
10,232
3,566
Sports Centre Income
Unrestricted
Total
funds
2024
2023
£
£
Rental income
8,708
8,277
Charitable activities income
291,235
266,932
Sports Centre Income
299,943
275,209		 Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
10,232
3,566
Sports Centre Income
Unrestricted
Total
funds
2024
2023
£
£
Rental income
8,708
8,277
Charitable activities income
291,235
266,932
Sports Centre Income
299,943
275,209		 Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
10,232
3,566
Sports Centre Income
Unrestricted
Total
funds
2024
2023
£
£
Rental income
8,708
8,277
Charitable activities income
291,235
266,932
Sports Centre Income
299,943
275,209
Total
2023
£
8,277
266,932
275,209
Raising funds
Unrestricted
funds
2024
£
Sports Centre Costs
Trading activities
279,259		 Total
2023
£
282,736

Trading activities costs includes payments to the Independent Examiner of £750 (2023 - £750) for the independent examination and £4,500 (2023 - £3,500) for accountancy services.

7 Net movement in funds 2024 2023
£ £
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets 28,398 29,552

SANDYLANDS SPORTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

9 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

10 Employees

2024 2023
Number Number
11 13

The wages and salaries costs for the year were £130,805 (2023 - £117,691) and social security costs were £3,793 (2023 - £2,919).

There were no employees whose annual remuneration was more than £60,000.

11 Tangible fixed assets

Cost
At 1 September 2023
At 31 August 2024
Depreciation and impairment
At 1 September 2023
Depreciation charged in the year
At 31 August 2024
Carrying amount
At 31 August 2024
At 31 August 2023		 Land and
buildings
£
923,365
923,365
125,266
17,895
143,161
780,204
798,099		 Plant and
machinery
£
141,728
141,728
63,428
7,086
70,514
71,214
78,300		 Fixtures,
fittings &
equipment
£
144,605
144,605
130,943
3,417
134,360
10,245
13,662		 Total
£
1,209,698
1,209,698
319,637
28,398
348,035
861,663
890,061

SANDYLANDS SPORTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

13 Debtors

13
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
14
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Accruals and deferred income
15
Stocks
Stock for resale and Biomass wood pellets		 2024
£
24,636
-
11,429
36,065
2024
£
730
2,287
7,255
10,272
2024
£
3,385		 2023
£
26,124
538
9,869
36,531
2023
£
1,317
4,110
8,358
13,785
2023
£
2,390

16 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 2024
2023
£ £ £
516,653 45,232 561,885
Previous year: At 1 Transfers At 31 August
September 2023
2022
£ £ £
467,931 48,722 516,653

SANDYLANDS SPORTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

17 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
2023
Incoming
resources
Resources
expended
£
£
£
General funds
1,032,856
313,425
(279,259)
Previous year:
At 1
September
2022
Incoming
resources
Resources
expended
£
£
£
General funds
1,080,539
283,775
(282,736)		 Transfers At 31 August
2024
£
£
(45,232)
1,021,790
Transfers At 31 August
2023
£
£
(48,722)
1,032,856

18 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

19 Analysis of net assets between funds

Unrestricted
funds
Restricted
funds
2024
2024
£
£
Fund balances at 31 August 2024 are
represented by:
Tangible assets
835,972
54,089
Current assets/(liabilities)
196,884
462,564
1,032,856
516,653		 Total
2024
£
861,663
722,012
1,583,675		 Total
2023
£
890,061
659,448
1,549,509

20 Analysis of changes in net funds

The charity had no material debt during the year.

SANDYLANDS SPORTS CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

21
Cash generated from operations
2024
£
Surplus for the year
34,166
Adjustments for:
Investment income recognised in statement of financial activities
(10,232)
Movements in working capital:
(Increase)/decrease in stocks
(995)
Decrease in debtors
466
(Decrease)/increase in creditors
(3,513)
Cash generated from operations
19,892		 2023
£
1,039
(3,566)
2,593
2,275
3,990
6,331