THE FRIENDS OF WADEBRIDGE SPORTS AND LEISURE CENTRE

Charity number: 1203765
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

To hold and administer for the community the Wadebridge Leisure Centre. To own and control the FOWLC Community interest Company (CIC) that operates and runs the Wadebridge Leisure Centre for the community.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£676,097

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Donations and legacies £676.10k
Charitable activities £0
Other trading activities £0
Investments £0
Other £0

Total expenditure:
£291,299

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Raising funds £0
Charitable activities £291.30k
Other £0

£0 investments gains (losses)

Total income includes £640,770 from 1 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 £0
Charitable expenditure £291.30k
Retained for future use £384.80k

People

7 Trustee(s)

Employees with total benefits over £60,000

No information available

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • Recreation
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • Other Charities Or Voluntary Bodies
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
Where the charity operates:
  • Cornwall

Governance

Registration history:
  • 27 June 2023: CIO registration
Organisation type:
CIO
Other names:

No other names

Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Engaging external speakers at charity events policy and procedures
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity does not own and/or lease 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
Amanda Alice Pennington Chair 27 June 2023
None on record
Leonard John Croney Trustee 03 April 2025
CORNWALL MOBILITY CENTRE LIMITED
Received: On time
David Courtenay Coombs Trustee 03 April 2025
None on record
Heather Keightley Trustee 03 April 2025
None on record
BENEDICT DAVID WALSHAM HARBOUR Trustee 27 June 2023
None on record
Shireen Rose Cunliffe Trustee 27 June 2023
WADEBRIDGE SCHOOL PTFA
Recently registered
David Abbiss Trustee 27 June 2023
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2024
Total gross income £676.10k
Total expenditure £291.30k
Income from government contracts N/A
Income from government grants £640.77k
Income - Donations and legacies £676.10k
Income - Other trading activities £0
Income - Charitable activities £0
Income - Endowments £0
Income - Investment £0
Income - Other £0
Income - Legacies £0
Expenditure - Charitable activities £291.30k
Expenditure - Raising funds £0
Expenditure - Governance £720
Expenditure - Grants institution £290.58k
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 31/03/2024
Own use assets £0
Long-term investments £0
Other assets £385.52k
Defined benefit pension scheme asset or liability £0
Total liabilities £720

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 27 January 2025 On time
Accounts and TAR 31 March 2024 27 January 2025 On time Download Open in new window
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.

CIO - FOUNDATION Registered 27 Jun 2023

Charitable objects

TO PROMOTE FOR THE BENEFIT OF THE INHABITANTS OF WADEBRIDGE AND PADSTOW LOCAL NETWORK AREA AND THE SURROUNDING PARISHES THE PROVISION OF FACILITIES FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT, FINANCIAL HARDSHIP OR SOCIAL AND ECONOMIC CIRCUMSTANCES OR FOR THE PUBLIC AT LARGE IN THE INTERESTS OF SOCIAL WELFARE AND WITH THE OBJECT OF IMPROVING THE CONDITION OF LIFE OF THE SAID INHABITANTS.

Contact information

Address:
WADEBRIDGE LEISURE CENTRE
GONVENA HILL
WADEBRIDGE
PL27 6BU
Phone:
01208814980
Email:
HELP@FOWLC.CO.UK
Website:

No information available