SLT GROUP

Charity number: 1188358
Charity is insolvent

Charity overview

Activities - how the charity spends its money

The Trust was established for the public benefit with the purpose of providing recreational facilities in the interest of social welfare. During the period the Trust has carried out their objectives through the provision of a range of leisure and recreation services across Gt Yarmouth and East Suffolk.

Income and expenditure

Data for financial year ending 31 March 2021

Total income:
£4,674,802

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Donations and legacies £428
Charitable activities £1.60m
Other trading activities £1.70m
Investments £0
Other £1.38m

Total expenditure:
£4,593,549

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Raising funds £210.62k
Charitable activities £4.38m
Other £0

£0 investments gains (losses)

Total income includes £146,912 from 2 government grant(s)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £210.62k
Charitable expenditure £4.38m
Retained for future use £81.25k

People

195 Employee(s)

7 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1
£70k to £80k 1

Fundraising

This charity does not raise funds from the public

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

One or more trustees receive payments or benefits from the charity for providing services to the charity.

What, who, how, where

What the charity does:
  • Recreation
Who the charity helps:
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
Where the charity operates:
  • Norfolk
  • Suffolk

Governance

Registration history:
  • 05 March 2020: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
11116012 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

7 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Jane Murray Trustee 01 August 2021
SENTINEL LEISURE TRUST
Charity is insolvent
Kathleen Grant Trustee 01 April 2019
None on record
Andrew Wilson-Sutter Trustee 06 February 2019
None on record
Andrew Cook Trustee 06 February 2019
None on record
Keith Ibbetson Trustee 06 February 2019
None on record
STEPHEN ARDLEY Trustee 06 February 2019
LEISURE UNITED
Received: On time
Jamie Starling Trustee 06 February 2019
SENTINEL LEISURE TRUST
Charity is insolvent

Financial history

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Financial period end date

Income / Expenditure 31/03/2021
Total gross income £4.67m
Total expenditure £4.59m
Income from government contracts N/A
Income from government grants £146.91k
Income - Donations and legacies £428
Income - Other trading activities £1.70m
Income - Charitable activities £1.60m
Income - Endowments £0
Income - Investment £0
Income - Other £1.38m
Income - Legacies £0
Expenditure - Charitable activities £4.38m
Expenditure - Raising funds £210.62k
Expenditure - Governance £26.33k
Expenditure - Grants institution £0
Expenditure - Investment management £0
Expenditure - Other £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2021
Own use assets £507.04k
Long-term investments £0
Other assets £920.53k
Defined benefit pension scheme asset or liability £0
Total liabilities £1.54m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024
Accounts and TAR 31 March 2024
Annual return 31 March 2023
Accounts and TAR 31 March 2023
Annual return 31 March 2022
Accounts and TAR 31 March 2022
Annual return 31 March 2021
Accounts and TAR 31 March 2021
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES INCORPORATED 06 FEB 2019

Charitable objects

1. TO PROVIDE OR ASSIST IN THE PROVISION OF FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABILITY, FINANCIAL HARDSHIP OR SOCIAL CIRCUMSTANCES WITH THE OBJECT OF IMPROVING THEIR CONDITION OF LIFE; AND/OR 2. TO PROVIDE OR ASSIST IN THE PROVISION OF COMMUNITY ROOMS AND OTHER FACILITIES FOR THE USE BY THE PUBLIC AT LARGE WITHOUT DISTINCTION OF POLITICAL, RELIGIOUS OR OTHER OPINIONS INCLUDING USE FOR MEETINGS, LECTURES AND CLASSES; AND OTHER FORMS OF RECREATION AND LEISURE TIME OCCUPATION WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR THE INHABITANTS; AND/OR 3. TO PROMOTE COMMUNITY PARTICIPATION IN ALL FORMS OF HEALTHY RECREATION BOTH INDOORS AND OUTDOORS AND, IN PARTICULAR, WATER SPORTS ACTIVITIES BY THE FOLLOWING MEANS (INTER ALIA): (A) TO PROVIDE OR ASSIST IN THE PROVISION OF BOATING AND SAILING FACILITIES BOTH INLAND AND ON THE FORESHORE FOR THE GENERAL PUBLIC FOR RECREATION AND LEISURE TIME OCCUPATION WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE OF SUCH PERSONS; (B) TO PROVIDE LIFEGUARDS TO PROMOTE SAFE USE OF SUCH FACILITIES AND WHERE REQUIRED TO PROVIDE RELIEF TO THOSE IN NEED OF HELP OF ANY KIND; AND/OR 4. TO ADVANCE AWARENESS, KNOWLEDGE AND APPRECIATION OF THE ARTS IN ALL FORMS INCLUDING BUT NOT LIMITED TO DRAMA, DANCE, SCULPTURE, PAINTING, MUSIC, SINGING, CINEMA AND LITERATURE; AND/OR 5. TO ADVANCE THE EDUCATION (BOTH ACADEMIC AND VOCATIONAL) OF THE PUBLIC AND, IN PARTICULAR (BUT NOT LIMITED TO) YOUNG PEOPLE FROM THE AGE OF 16 IN SUBJECTS OF SPORTS, SPORTS MANAGEMENT AND RELATED SUBJECTS, WITH A PARTICULAR FOCUS ON (BUT NOT LIMITED TO) GENERAL SPORTS, RECREATION, FOOTBALL, HEALTH AND FITNESS; AND/OR 6. THE RELIEF OF SICKNESS AND THE PRESERVATION OF HEALTH BY PROVIDING SPECIALIST EXERCISE PROGRAMMES FOR THOSE WHO HAVE A HEALTH CONDITION OR AT RISK OF HEALTH CONDITION, ARISING FROM A SEDENTARY OR INACTIVE LIFESTYLE; AND/OR 7. SUCH OTHER CHARITABLE PURPOSES CONSISTENT WITH THE ABOVE AS THE TRUSTEES IN THEIR ABSOLUTE DISCRETION SHALL DETERMINE.

Contact information

Address:
The Greenhouse
Barnards Way
Lowestoft
Suffolk
NR32 2HD
Phone:
01502807020
Email:
accounts@sltgroup.org
Website:

www.sltrust.co.uk Open in new window