Peterborough Winter Sports Club Limited - Charities report - 20.2

Peterborough Winter Sports Club Limited - Charities report - 20.2


IRIS Accounts Production v20.2.0.366 Other Company accounts True False Pounds 1.1.19 31.12.19 31.12.19 FY D J Green D J Green FRS 102 Audited Large and medium-sized companies regime for accounts Full Charities SORP True True True True True False True False False iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure077139612018-12-31077139612019-12-31077139612019-01-012019-12-31077139612017-12-31077139612018-01-012018-12-31077139612018-12-3107713961ns22:CharitableCompanyLimitedByGuarantee2019-01-012019-12-3107713961ns15:PoundSterling2019-01-012019-12-3107713961ns22:Trustee22019-01-012019-12-3107713961ns11:FRS1022019-01-012019-12-3107713961ns11:Audited2019-01-012019-12-3107713961ns11:LargeMedium-sizedCompaniesRegimeForAccounts2019-01-012019-12-3107713961ns11:FullAccounts2019-01-012019-12-3107713961ns11:CharitiesSORP2019-01-012019-12-3107713961ns16:EnglandWales2019-01-012019-12-3107713961ns11:RegisteredOffice2019-01-012019-12-3107713961ns22:Trustee12019-01-012019-12-3107713961ns22:Trustee32019-01-012019-12-3107713961ns22:Trustee42019-01-012019-12-3107713961ns22:Trustee52019-01-012019-12-3107713961ns22:Activity82019-01-012019-12-3107713961ns22:Activity82018-01-012018-12-3107713961ns6:WithinOneYear2019-12-3107713961ns6:WithinOneYear2018-12-310771396112019-01-012019-12-3107713961ns6:PlantMachinery2019-01-012019-12-3107713961ns6:FurnitureFittingsToolsEquipment2019-01-012019-12-310771396122019-01-012019-12-310771396132019-01-012019-12-3107713961ns6:OwnedAssets2019-01-012019-12-3107713961ns6:OwnedAssets2018-01-012018-12-3107713961ns6:ShortLeaseholdAssetsns6:LandBuildings2018-12-3107713961ns6:PlantMachinery2018-12-3107713961ns6:FurnitureFittings2018-12-3107713961ns6:ShortLeaseholdAssetsns6:LandBuildings2019-01-012019-12-3107713961ns6:FurnitureFittings2019-01-012019-12-3107713961ns6:ShortLeaseholdAssetsns6:LandBuildings2019-12-3107713961ns6:PlantMachinery2019-12-3107713961ns6:FurnitureFittings2019-12-3107713961ns6:ShortLeaseholdAssetsns6:LandBuildings2018-12-3107713961ns6:PlantMachinery2018-12-3107713961ns6:FurnitureFittings2018-12-31
REGISTERED COMPANY NUMBER: 07713961 (England and Wales)
REGISTERED CHARITY NUMBER: 1149081















Report of the Trustees and
Financial Statements for the Year Ended 31 December 2019
for
Peterborough Winter Sports Club Limited

Peterborough Winter Sports Club Limited
Contents of the Financial Statements
for the Year Ended 31 December 2019










Page

Report of the Trustees 1 to 6

Report of the Independent Auditors 7 to 9

Statement of Financial Activities 10

Statement of Financial Position 11

Statement of Cash Flows 12

Notes to the Statement of Cash Flows 13

Notes to the Financial Statements 14 to 21


Peterborough Winter Sports Club Limited
Report of the Trustees
for the Year Ended 31 December 2019
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 2019. 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.


Peterborough Winter Sports Club Limited
Report of the Trustees
for the Year Ended 31 December 2019
OBJECTIVES AND ACTIVITIES
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.

We have continued to provide over 6000 hours of public skating to the local community and over 2200 hours
of ice rink provisions to the clubs and community organisations which use our facilities for the provision of
activities such as junior ice hockey, synchronised ice skating and competitive figure skating. In addition, we
have continued teach a significant number of people to skate and to play ice hockey.

At Christmas 2019 we partnered with the MS Society to raise funds through our charity support programmes
as well as to raise awareness. This is additional to our support for local charities through the provision of ice
facility provision for charity events or through the provision of products for charities to use to support their
fund-raising activities.

Although the COVID-19 situation occurred after the period this report covered it is important to
acknowledge that during the situation all aspects of the Charity have been under careful management and
review and where possible financial assistance has been obtained and in order to protect our employees, we
have used the furlough scheme in a pro-active manner.


Peterborough Winter Sports Club Limited
Report of the Trustees
for the Year Ended 31 December 2019
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.

During the COVID-19 situation we successfully secured support from Sport England.

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.

During 2020 it is clear that the COVID-19 situation has had a significant impact and once facilities are able
to reopen without the possibility of restrictions, we will seek to embark on a significant programme to
re-engage with the local community in a pro-active manner.

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.


Peterborough Winter Sports Club Limited
Report of the Trustees
for the Year Ended 31 December 2019
STRUCTURE, GOVERNANCE AND MANAGEMENT
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 and is a
member of the Ice Rink Managers Association.

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
D J Green Accountant
H S D Rhodes Director
T Fife Accountant
D McDermott General Manager


Peterborough Winter Sports Club Limited
Report of the Trustees
for the Year Ended 31 December 2019
REFERENCE AND ADMINISTRATIVE DETAILS
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.

Peterborough Winter Sports Club Limited
Report of the Trustees
for the Year Ended 31 December 2019
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 23 December 2020 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 2019 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 2019 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.

However, not all future events or conditions can be predicted. The COVID-19 viral pandemic is one of the
most significant economic events for the UK with unprecedented levels of uncertainty of outcomes. It is
therefore difficult to evaluate all of the potential implications on the company's trade, it's members, suppliers
and wider economy. The Directors' view on the impact of COVID-19 is disclosed in the accounting policies.

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.

Report of the Independent Auditors to the Members of
Peterborough Winter Sports Club Limited

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.

Report of the Independent Auditors to the Members of
Peterborough Winter Sports Club Limited



Stephen Butler BA FCA (Senior Statutory Auditor)
for and on behalf of Haines Watts
Sterling House
97 Lichfield Street
Tamworth
Staffordshire
B79 7QF

23 December 2020

Peterborough Winter Sports Club Limited
Statement of Financial Activities
for the Year Ended 31 December 2019
31.12.19 31.12.18

Unrestricted
fund
Total
funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 3 4,761
Charitable activities 4
Leisure Activities 3,766,725 3,710,714
Investment income 3 34,778 15,205
Total 3,801,506 3,730,680

EXPENDITURE ON
Charitable activities 5
Leisure Activities 3,792,152 3,725,941
NET INCOME 9,354 4,739
RECONCILIATION OF FUNDS

Total funds brought forward 9,589 4,850
TOTAL FUNDS CARRIED FORWARD 18,943 9,589

Peterborough Winter Sports Club Limited
Statement of Financial Position
At 31 December 2019
31.12.19 31.12.18

Unrestricted
fund
Total
funds
Notes £    £   
FIXED ASSETS
Tangible assets 11 156,663 169,359

CURRENT ASSETS
Stocks 12 31,739 34,842
Debtors 13 1,058,278 711,255
Cash at bank and in hand 96,188 184,763
1,186,205 930,860

CREDITORS
Amounts falling due within one year 14 (1,323,925 ) (1,090,630 )

NET CURRENT
ASSETS/(LIABILITIES)


(137,720

)

(159,770

)
TOTAL ASSETS LESS CURRENT
LIABILITIES


18,943

9,589
NET ASSETS 18,943 9,589
FUNDS 15
Unrestricted funds 18,943 9,589
TOTAL FUNDS 18,943 9,589
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 23 December 2020 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 2019
31.12.19 31.12.18
Notes £    £   
Cash flows from operating activities:
Cash generated from operations 1 (77,133 ) 48,569
Net cash provided by (used in) operating
activities


(77,133

)

48,569

Cash flows from investing activities:
Purchase of tangible fixed assets (11,442 ) (33,518 )
Net cash provided by (used in) investing
activities


(11,442

)

(33,518

)

Change in cash and cash equivalents in the
reporting period


(88,575

)

15,051
Cash and cash equivalents at the beginning
of the reporting period


184,763

169,712
Cash and cash equivalents at the end of the
reporting period


96,188

184,763

Peterborough Winter Sports Club Limited

Notes to the Statement of Cash Flows
for the Year Ended 31 December 2019
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
31.12.19 31.12.18
£    £   
Net income for the reporting period (as per the statement of
financial activities)

9,354

4,739
Adjustments for:
Depreciation charges 24,138 24,666
Decrease in stocks 3,103 23,488
Increase in debtors (347,023 ) (170,580 )
Increase in creditors 233,295 166,256
Net cash provided by (used in) operating activities (77,133 ) 48,569

2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.19 Cash flow At 31.12.19
£    £    £   
Net cash
Cash at bank and in hand 184,763 (88,575 ) 96,188

Total 184,763 (88,575 ) 96,188



Peterborough Winter Sports Club Limited
Notes to the Financial Statements
for the Year Ended 31 December 2019
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.

The financial statements have been prepared on a going concern basis which assumes that the
charitable company will continue to operate for the foreseeable future. The charitable company has
been provided with ongoing assistance afforded by its supporting parties to ensure that it can continue
to meet its primary objectives. In addition, not all events or conditions can be predicted with the event
of COVID-19 pandemic, which has brought with it additional unprecedented levels of uncertainty and
the inability to assess fully, therefore, the impact of that on not only the charitable company but also
on the ability to fulfil its primary objectives, customers, and suppliers who help achieve those
objectives. Budgets and cash flow projections compiled, as well as continued assistance afforded by
supporting parties indicate that the charitable company has sufficient reserves to continue to provide
the services that meet its primary objectives. The directors believe that support afforded, careful cash
flow considerations and use of mitigating actions available, including furloughing of underutilised
staff and other government incentives such as rates relief grant claims, is sufficient upon which to
adopt the going concern basis.

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


Peterborough Winter Sports Club Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2019
1. ACCOUNTING POLICIES - continued

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

31.12.19 31.12.18
£    £   
Grants 3 4,761

Grants received, included in the above, are as follows:
31.12.19 31.12.18
£    £   
Other grants 3 4,761

3. INVESTMENT INCOME

31.12.19 31.12.18
£    £   
Rents received 34,778 15,205


Peterborough Winter Sports Club Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2019
4. INCOME FROM CHARITABLE ACTIVITIES

31.12.19 31.12.18
Activity £    £   
Educational programs Leisure Activities 1,127,461 992,601
Leisure and recreational activities
Leisure Activities

1,669,049

1,610,901
Events Leisure Activities 174,917 221,763
Miscellaneous Leisure Activities 795,298 885,449
3,766,725 3,710,714

5. CHARITABLE ACTIVITIES COSTS

Direct costs Support costs Totals
(See note 6)
£    £    £   
Leisure Activities 3,165,638 626,514 3,792,152

6. SUPPORT COSTS



Management

Finance
Governance
costs

Totals
£    £    £    £   
Leisure Activities 554,732 41,654 30,128 626,514

7. NET INCOME/(EXPENDITURE)

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

31.12.19 31.12.18
£    £   
Auditors' remuneration 3,500 3,500
Depreciation - owned assets 24,138 24,666

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits paid by the company for the year ended 31
December 2019 nor for the year ended 31 December 2018.

Trustees' expenses

There were no trustees' expenses paid by the company for the year ended 31 December 2019 nor for
the year ended 31 December 2018.


Peterborough Winter Sports Club Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2019
9. STAFF COSTS

31.12.19 31.12.18
£    £   
Wages and salaries 1,030,351 1,031,785
Social security costs 50,583 48,222
Other pension costs 10,771 6,801
1,091,705 1,086,808

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

31.12.19 31.12.18
129 134

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 4,761
Charitable activities
Leisure Activities 3,710,714
Investment income 15,205
Total 3,730,680

EXPENDITURE ON
Charitable activities
Leisure Activities 3,725,941
Total 3,725,941
NET INCOME 4,739
RECONCILIATION OF FUNDS

Total funds brought forward 4,850
TOTAL FUNDS CARRIED FORWARD 9,589


Peterborough Winter Sports Club Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2019
11. TANGIBLE FIXED ASSETS

Short
leasehold
Plant and
machinery
Fixtures and
fittings

Totals
£    £    £    £   
COST
At 1 January 2019 17,652 221,069 10,771 249,492
Additions - 11,442 - 11,442
At 31 December 2019 17,652 232,511 10,771 260,934
DEPRECIATION
At 1 January 2019 1,127 74,535 4,471 80,133
Charge for year 883 22,310 945 24,138
At 31 December 2019 2,010 96,845 5,416 104,271
NET BOOK VALUE
At 31 December 2019 15,642 135,666 5,355 156,663
At 31 December 2018 16,525 146,534 6,300 169,359
12. STOCKS

31.12.19 31.12.18
£    £   
Finished goods 31,739 34,842

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19 31.12.18
£    £   
Trade debtors 115,514 33,245
Other debtors 929,492 654,795
Prepayments 13,272 23,215
1,058,278 711,255


Peterborough Winter Sports Club Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2019
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19 31.12.18
£    £   
Trade creditors 337,842 238,272
Tax (4,484 ) (4,484 )
Social security and other taxes 109,846 109,718
VAT 146,795 67,402
Other creditors 137,016 194,806
Accrued expenses 596,910 484,916
1,323,925 1,090,630

15. MOVEMENT IN FUNDS





At 1.1.19
Net
movement in
funds


At 31.12.19
£    £    £   
Unrestricted funds
General fund 9,589 9,354 18,943

TOTAL FUNDS 9,589 9,354 18,943

Net movement in funds, included in the above are as follows:

Incoming
resources
Resources
expended
Movement in
funds
£    £    £   
Unrestricted funds
General fund 3,801,506 (3,792,152 ) 9,354

TOTAL FUNDS 3,801,506 (3,792,152 ) 9,354


Comparatives for movement in funds




At 1.1.18
Net
movement in
funds


At 31.12.18
£    £    £   

Unrestricted Funds
General fund 4,850 4,739 9,589

TOTAL FUNDS 4,850 4,739 9,589

Peterborough Winter Sports Club Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2019
15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming
resources
Resources
expended
Movement in
funds
£    £    £   
Unrestricted funds
General fund 3,730,680 (3,725,941 ) 4,739

TOTAL FUNDS 3,730,680 (3,725,941 ) 4,739

A current year 12 months and prior year 12 months combined position is as follows:





At 1.1.18
Net
movement in
funds


At 31.12.19
£    £    £   
Unrestricted funds
General fund 4,850 14,093 18,943
TOTAL FUNDS 4,850 14,093 18,943


A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
resources
Resources
expended
Movement in
funds
£    £    £   
Unrestricted funds
General fund 7,532,186 (7,518,093 ) 14,093
TOTAL FUNDS 7,532,186 (7,518,093 ) 14,093

Peterborough Winter Sports Club Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2019
16. RELATED PARTY DISCLOSURES

As at 31 December 2019 £148,259 was owed by Bison in the Community. (2018 £25,601)


As at 31 December 2019 £21,059 was owed to West Midlands Winter Sports Club. (2018 £30,344)


As at 31 December 2019 £18,610 was owed to Bison in the Community. (2018 £22,803)


As at 31 December 2019 £36,898 was owed to Staffordshire Winter Sports Club. (2018 £47,023)


The Charities are deemed to be related by Mr Green, Mr Rhodes, Mr Fife and Mr McDermott being
trustees of each of them.Transactions are at arms-length and due to the unique nature and
inter-relationship of the charities concerned there is an element of recharge between them to cover
seasonal and common activities and events.

17. COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee, each member having undertaken to contribute such amounts not
exceeding one pound as may be required in the event of the company being wound up whilst he or she
is still a member or within one year thereafter.There are 5 members of the company.