Peterborough Winter Sports Club Limited - Charities report - 19.2

REGISTERED COMPANY NUMBER: 07713961 (England and Wales)

REGISTERED CHARITY NUMBER: 1149081

Report of the Trustees and

Financial Statements for the Year Ended 31 December 2018

for

Peterborough Winter Sports Club Limited

Peterborough Winter Sports Club Limited

Contents of the Financial Statements

for the Year Ended 31 December 2018

Page

Report of the Trustees

1 to 7

Report of the Independent Auditors

8 to 10

Statement of Financial Activities

11

Statement of Financial Position

12

Statement of Cash Flows

13

Notes to the Statement of Cash Flows

14

Notes to the Financial Statements

15 to 22

Peterborough Winter Sports Club Limited

Report of the Trustees

for the Year Ended 31 December 2018

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their

report with the financial statements of the charity for the year ended 31 December 2018. The trustees have

adopted the provisions of 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 2015).

OBJECTIVES AND ACTIVITIES

OUR AIMS AND OBJECTIVES

Our charity's purposes as set out in the objects contained in the company's memorandum of association are

to:

The charity's objects ('Objects') are specifically restricted to the following:

For the benefit of the public in Buckinghamshire, Cambridgeshire and Peterborough City by:

1) The preservation and protection of good health and the promotion of community participation in healthy

recreation through sport and physical fitness.

2) To advance in life and relieve needs of young people through:

(a) The provision of recreational and leisure time activities provided in the interest of social welfare,

designed to improve their conditions of life;

(b) Providing support and activities which develop their skills, capacities and capabilities to enable them to

participate in society as mature and responsible individuals.

3) To relieve the needs of people with disabilities as the trustees shall determine.

4) Such charitable purposes for the public benefit as are exclusively charitable according to the laws of

England and Wales as the trustees may from time to time determine.

All business decisions are made having given reference to the objects of the charity.

ENSURING OUR WORK DELIVERS OUR AIMS

We review our aims, objectives and activities each year. This review looks at what we achieved and the

outcomes of our work in the previous twelve months. The review looks at the success of each key activity

and the benefits they have brought to those groups of people we are set up to help. The review also helps us

ensure our aim, objectives and activities remained focused on our stated purposes.

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit

when reviewing our aims and objectives and in planning our future activities. In particular, the trustees

consider how planned activities will contribute to the aims and objectives they have set.

THE FOCUS OF OUR WORK

Our main objectives for the period was the promotion and prevention of health, educational, recreational and

sporting activities. The strategies we used to meet these objectives included:

o Providing a range of educational programmes aimed at people of all ages, genders, ethnicity, ability,

sexuality or ability which account for the majority of facility use at our facilities.

o Focusing upon providing pathways from our educational programmes into regular participation in

activities that promoted good health, social interaction and personal development

o Provide educational opportunities for young people in the communities we work in through the

introduction of apprenticeships.

o Enabling employment opportunities for disabled people in the communities we work in through the

introduction of apprenticeships, work placement and training initiatives.

o Continue to focus on reducing energy usage across our facilities to limit the impact on the environment.

HOW OUR ACTIVITIES DELIVER PUBLIC BENEFIT

Our main activities and who we engage with are described below. All our charitable activities focus on the

provision of leisure, health, sports and educational activities and are undertaken to further our charitable

purposes for the public benefit.

WHO USED AND BENEFITED FROM OUR SERVICES?

The members confirm that they have complied with the duty in Section 4 of the Charities Act 2006 to have

regard to the Charity Commission's general guidance on public benefit and have used this information when

devising our aims and objectives and planning future activities.

The Charity is committed to providing affordable leisure and recreational programmes for the communities it

works with and will achieve this by robust management, allowing prices to be kept affordable, and by

reinvesting in new and existing activities. The Charity recognises that in order to successfully deliver its

objectives it must also provide a high quality experience for each and every service user. The monitoring of

this is achieved through the use of monthly independent mystery visits supported by a robust, transparent

user engagement programme.

The Charity works with a range of other charities and community groups to extend its impact and benefit to

the wider community. An example of this is the provision of free educational ice skating and ice hockey

programmes and the provision for structured social interaction activities for young people undergoing "home

schooling".

ACHIEVEMENT AND PERFORMANCE

Charitable activities

Trading conditions have been difficult but the charity has managed its businesses well and has seen a steady

income from its activities.

In 2018 over 300,000 visits to our facilities were recorded by the general public and other groups.

A few highlights of our performance and achievements are detailed below;

Equity of Access

o There is a membership programme which enables users to access one third of ice rinks in England at a

discounted rate

o Support for local authority partners in delivering council led initiatives at our centres.

o Proactive research into grant funding to support the provision of activities for disadvantaged groups.

o Provision of free educational programmes

o Subsidised access to our ice hockey and learn to skate programmes to ensure barriers relating to cost are

minimised

Disabled

o Working with local disability groups across our operating area to run activities and sessions for various

ages and ability levels.

o Provision of educational programmes aimed specifically at those who have learning or behavioural

disabilities.

Community

o Working with various National Governing Bodies of sport to encourage people to either start, or return to,

sports participation.

o We run open day's offering free or very low-cost activities.

o Work with local charities assisting them with fund raising and making facilities available for their use.

o There has been approximately 6000 hours of public skating enabling the local community to participate in

healthy lifestyle activities at prices that are below the national average and cheaper than any commercial or

council run facility.

o Over 2500 hours of ice rink provision has been utilised by clubs and community organisations to provide

activities including junior ice hockey, recreational adult ice hockey, synchronised skating, figure skating

clubs and ice dance clubs.

o Nearly 5000 hours of ice rink provision has been made available for the development of ice skaters and for

the provision of educational services.

FINANCIAL REVIEW

FINANCIAL MANAGEMENT

The executive management team prepare the annual operational budget for the charity and this is approved

by the board of management prior to the commencement of the financial period.

The board of management receive monthly reports on the financial performance of the charity. These reports

include an Income and expenditure statement and balance sheet, both compared to budget and last year for

the month and year to date.

All funds are generated through receipts from customers or from funding provided by our local authority

partners. The majority of funds are spent on subsidising participation in activities.

Expenditure of these funds supports the key community objectives of the charity and the continued

investment in improved services and facilities for the community.

RESERVES POLICY

The Board have agreed a minimum cash reserves policy of two months' income to protect against poor

trading conditions or unexpected expenses and is seeking to secure this level of reserves over the next

trading period.

Going concern

The financial statements have been prepared on a going concern basis. At the date of signing the financial

statements the Board is not aware of any material uncertainties or circumstances that would cause this basis

to change.

PLANS FOR FUTURE PERIODS

As a developing organisation we strive to continue to deliver high quality community programmes and to

develop and expand our programmes into new communities.

We also intend to increase our provision of programmes for groups identified as not normally participating

in sport and healthy recreational activities such as ethnic minorities, young adults and people with a

disability.

Development of new facilities is also an on-going focus - identifying new opportunities that meet the needs

of the community and fulfil our charitable objectives.

There will be a thorough review of facility usage so that we can ensure we are providing the maximum

benefit to the community and ensuring that we ensure the highest levels of participation possible.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company,

limited by guarantee, as defined by the Companies Act 2006.

RECRUITMENT AND APPOINTMENT OF NEW TRUSTEES

In exercising its powers to nominate, appoint, reappoint; elect, re-elect, approve and dismiss members, the

members shall seek to ensure that the board comprises persons with a broad range of skills who are likely to

contribute to the organisations success.

BOARD MEMBERS INDUCTION AND TRAINING

All new members joining the Board receive a full induction that is aimed at training them in their statutory

responsibilities under charity and company law. The Induction will normally include:

o Meeting with the Chairman of the Board

o Tour of all facilities and an opportunity to meet staff

o Access to safeguarding training

o Receive copies of the Charity's rules

o Receive copies of strategy and business planning documents

o Receive copies of corporate policies and documents

o Receive an organisational structure and overview of the management process

RELATIONSHIP BETWEEN THE CHARITY AND SUPPORTING PARTIES

The Charity has a two-year licence granted by PI Property (Leisure) Limited to operate Planet Ice Arena

Peterborough (also known as Peterborough Ice Rink), Planet Ice Hemel Hempstead (also known as Hemel

Hempstead ice rink) and Planet Ice Milton Keynes (also known as Milton Keynes Ice Rink or Milton Keynes

Arena).

The Charity is affiliated, where required, to the National Governing Bodies for the sports it provides.

RISK MANAGEMENT

The members of the Board have a duty to Identify and review the risks to which the charity is exposed and to

ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Board

members confirm that the major risks to the charity have been reviewed and that systems or procedures have

been established to manage those risks.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07713961 (England and Wales)

Registered Charity number

1149081

Registered office

Planet Ice Arena

Mallard Road

Peterborough

PE3 8YN

Trustees

M Lloyd

Director

- appointed 27.6.18

D J Green

Accountant

H S D Rhodes

Director

T Fife

Accountant

D McDermott

General Manager

Auditors

Haines Watts

Sterling House

97 Lichfield Street

Tamworth

Staffordshire

B79 7QF

Charity Bankers

Handelsbanken

Island Reach

Festival Park

Festival Way

Stoke-on-Trent

ST1 5BJ

The main objects of the Charity are:

1) The preservation and protection of good health and the promotion of community participation in healthy

recreation through sport and physical fitness

2) To advance in life and relieve needs of young people through:

a) The provision of recreational and leisure time activities provided in the interest of social welfare, designed

to improve their conditions of life:

b) Provided support and activities which develop their skills, capacities and capabilities to enable them to

participate in society as mature and responsible individuals.

3) To relieve the needs of people with disabilities as the trustees shall determine

TRUSTEES RESPONSIBILITY STATEMENT

The trustees (who are also the directors of Peterborough Winter Sports Club Limited for the purposes of

company law) are responsible for preparing the Report of the Trustees and the financial statements in

accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally

Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial period which give a true

and fair view of the state of affairs of the charitable company and of the incoming resources and application

of resources, including the income and expenditure, of the charitable company for that period. In preparing

those financial statements, the trustees are required to select suitable accounting policies and then apply

them consistently; observe the methods and principles in the Charity SORP; make judgements and estimates

that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is

Inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy

at any time the financial position of the charitable company and to enable them to ensure that the financial

statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of

the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and

other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the trustees are aware, there is no relevant information (as defined by Section 418 of the Companies

Act 2006) of which the charitable company`s auditors are unaware, and each trustee has taken all the steps

that they ought to have taken as a trustee in order to make them aware of any audit information and to

establish that the charitable company`s auditors are aware of that information.

So far as the trustees are aware, there is no relevant information (as defined by Section 418 of the Companies

Act 2006) of which the charitable company's auditors are unaware, and each trustee has taken all the steps

that they ought to have taken as a trustee in order to make them aware of any audit Information and to

establish that the charitable company's auditors are aware of that information.

AUDITORS

The auditors, Haines Watts, appointed in the year, will be proposed for re-appointment at the forthcoming

Annual General Meeting.

Approved by order of the board of trustees on 27 September 2019 and signed on its behalf by:

D J Green - Trustee

Report of the Independent Auditors to the Members of

Peterborough Winter Sports Club Limited

Opinion

We have audited the financial statements of Peterborough Winter Sports Club Limited (the 'charitable company') for the year ended 31 December 2018 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-

give a true and fair view of the state of the charitable company's affairs as at 31 December 2018 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and

applicable law. Our responsibilities under those standards are further described in the Auditors

responsibilities for the audit of the financial statements section of our report. We are independent of the

charitable company in accordance with the ethical requirements that are relevant to our audit of the financial

statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical

responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained

is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us

to report to you where:

-

the trustees' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

-

the trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the charitable company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information

The trustees are responsible for the other information. The other information comprises the information

included in the annual report, other than the financial statements and our Report of the Independent Auditors

thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent

otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information

and, in doing so, consider whether the other information is materially inconsistent with the financial

statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we

identify such material inconsistencies or apparent material misstatements, we are required to determine

whether there is a material misstatement in the financial statements or a material misstatement of the other

information. If, based on the work we have performed, we conclude that there is a material misstatement of

this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-

the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-

the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in

the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to

report to you if, in our opinion:

-

adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

-

the financial statements are not in agreement with the accounting records and returns; or

-

certain disclosures of trustees' remuneration specified by law are not made; or

-

we have not received all the information and explanations we require for our audit; or

-

the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees

As explained more fully in the Trustees Responsibility Statement, the trustees (who are also the directors of

the charitable company for the purposes of company law) are responsible for the preparation of the financial

statements and for being satisfied that they give a true and fair view, and for such internal control as the

trustees determine is necessary to enable the preparation of financial statements that are free from material

misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's

ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using

the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or

to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free

from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors

that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an

audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,

they could reasonably be expected to influence the economic decisions of users taken on the basis of these

financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the

Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms

part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of

Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the

charitable company's members those matters we are required to state to them in an auditors' report and for no

other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone

other than the charitable company and the charitable company's members as a body, for our audit work, for

this report, or for the opinions we have formed.

Stephen Butler BA FCA (Senior Statutory Auditor)

for and on behalf of Haines Watts

Sterling House

97 Lichfield Street

Tamworth

Staffordshire

B79 7QF

27 September 2019

Peterborough Winter Sports Club Limited

Statement of Financial Activities

for the Year Ended 31 December 2018

31.12.18

31.12.17

Unrestricted fund

Total funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

4,761

16,788

Charitable activities

4

Leisure Activities

3,710,714

3,471,997

Investment income

3

15,205

7,710

Total

3,730,680

3,496,495

EXPENDITURE ON

Charitable activities

5

Leisure Activities

3,725,941

3,492,044

NET INCOME

4,739

4,451

RECONCILIATION OF FUNDS

Total funds brought forward

4,850

399

TOTAL FUNDS CARRIED FORWARD

9,589

4,850

Peterborough Winter Sports Club Limited

Statement of Financial Position

At 31 December 2018

31.12.18

31.12.17

Unrestricted fund

Total funds

Notes

£

£

FIXED ASSETS

Tangible assets

11

169,359

160,507

CURRENT ASSETS

Stocks

12

34,842

58,330

Debtors

13

711,255

540,675

Cash at bank and in hand

184,763

169,712

930,860

768,717

CREDITORS

Amounts falling due within one year

14

(1,090,630

)

(924,374

)

NET CURRENT ASSETS/(LIABILITIES)

(159,770

)

(155,657

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,589

4,850

NET ASSETS

9,589

4,850

FUNDS

15

Unrestricted funds

9,589

4,850

TOTAL FUNDS

9,589

4,850

These financial statements 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 on 27 September 2019 and were signed on its behalf by:

D J Green -Trustee

Peterborough Winter Sports Club Limited

Statement of Cash Flows

for the Year Ended 31 December 2018

31.12.18

31.12.17

Notes

£

£

Cash flows from operating activities:

Cash generated from operations

1

48,569

77,077

Net cash provided by (used in) operating activities

48,569

77,077

Cash flows from investing activities:

Purchase of tangible fixed assets

(33,518

)

(70,461

)

Net cash provided by (used in) investing activities

(33,518

)

(70,461

)

Change in cash and cash equivalents in the reporting period

15,051

6,616

Cash and cash equivalents at the beginning of the reporting period

169,712

163,096

Cash and cash equivalents at the end of the reporting period

184,763

169,712

Peterborough Winter Sports Club Limited

Notes to the Statement of Cash Flows

for the Year Ended 31 December 2018

1.	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

31.12.18

31.12.17

£

£

Net income for the reporting period (as per the statement of financial activities)

4,739

4,451

Adjustments for:

Depreciation charges

24,666

19,809

Decrease in stocks

23,488

17,630

(Increase)/decrease in debtors

(170,580

)

72,959

Increase/(decrease) in creditors

166,256

(37,772

)

Net cash provided by (used in) operating activities

48,569

77,077

Peterborough Winter Sports Club Limited

Notes to the Financial Statements

for the Year Ended 31 December 2018

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102,

have been prepared in accordance with the Charities SORP (FRS 102) '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 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard

applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements

have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the companys accounting policies, which are described in this note, Trustees are

required to make judgements, estimates and assumptions about the carrying values of assets and

liabilities that are not readily apparent from other sources. The estimates and underlying 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 if the revision affects only that period.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to

the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation

committing the charity to that expenditure, 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

accounted for on an accruals basis and has been classified under headings that aggregate all cost

related to the category. Where costs cannot be directly attributed to particular headings they have

been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its

estimated useful life.

Plant and machinery

- 15% on reducing balance

Fixtures and fittings

- 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the

trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity.

Restrictions arise when specified by the donor or when funds are raised for particular restricted

purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial

statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to

the charitable company's pension scheme are charged to the Statement of Financial Activities in the

period to which they relate.

Company limited by guarantee

The company is limited by guarantee and does not have a share capital.

2.	DONATIONS AND LEGACIES

31.12.18

31.12.17

£

£

Grants

4,761

16,788

Grants received, included in the above, are as follows:

31.12.18

31.12.17

£

£

Other grants

4,761

16,788

3.	INVESTMENT INCOME

31.12.18

31.12.17

£

£

Rents received

15,205

7,710

4.	INCOME FROM CHARITABLE ACTIVITIES

31.12.18

31.12.17

Activity

£

£

Educational programs

Leisure Activities

992,601

913,290

Leisure and recreational activities

Leisure Activities

1,610,901

1,448,364

Events

Leisure Activities

221,763

239,972

Miscellaneous

Leisure Activities

885,449

870,371

3,710,714

3,471,997

5.	CHARITABLE ACTIVITIES COSTS

Direct costs

Support costs

Totals

(See note 6)

£

£

£

Leisure Activities

2,977,495

748,446

3,725,941

6.	SUPPORT COSTS

Management

Finance

Governance costs

Totals

£

£

£

£

Leisure Activities

683,252

35,365

29,829

748,446

7.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.18

31.12.17

£

£

Auditors' remuneration

3,500

3,500

Depreciation - owned assets

24,666

19,809

8.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits paid by the company for the year ended 31

December 2018 nor for the year ended 31 December 2017.

Trustees' expenses

There were no trustees' expenses paid by the company for the year ended 31 December 2018 nor for

the year ended 31 December 2017.

9.	STAFF COSTS

31.12.18

31.12.17

£

£

Wages and salaries

1,031,785

1,063,718

Social security costs

48,222

46,552

Other pension costs

6,801

-

1,086,808

1,110,270

The average monthly number of employees during the year was as follows:

31.12.18

31.12.17

134

132

No employees received emoluments in excess of £60,000.

10.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

16,788

Charitable activities

Leisure Activities

3,471,997

Investment income

7,710

Total

3,496,495

EXPENDITURE ON

Charitable activities

Leisure Activities

3,492,044

Total

3,492,044

NET INCOME

4,451

RECONCILIATION OF FUNDS

Total funds brought forward

399

TOTAL FUNDS CARRIED FORWARD

4,850

11.	TANGIBLE FIXED ASSETS

Short leasehold

Plant and machinery

Fixtures and fittings

Totals

£

£

£

£

COST

At 1 January 2018

17,652

189,105

9,217

215,974

Additions

-

31,964

1,554

33,518

At 31 December 2018

17,652

221,069

10,771

249,492

DEPRECIATION

At 1 January 2018

244

51,635

3,588

55,467

Charge for year

883

22,900

883

24,666

At 31 December 2018

1,127

74,535

4,471

80,133

NET BOOK VALUE

At 31 December 2018

16,525

146,534

6,300

169,359

At 31 December 2017

17,408

137,470

5,629

160,507

12.

STOCKS

31.12.18

31.12.17

£

£

Finished goods

34,842

58,330

13.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

33,245

45,403

Other debtors

654,795

465,161

VAT

-

8,520

Prepayments

23,215

21,591

711,255

540,675