COVENTRY SPORTS FOUNDATION

Charity number: 700409
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

Provision of a variety of sport, recreation, education and training activities within identified areas of under representation and neighbourhood renewal.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£11,336,988

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Donations and legacies £380.35k
Charitable activities £10.51m
Other trading activities £297.99k
Investments £152.43k
Other £0

Total expenditure:
£10,748,223

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Raising funds £15.60k
Charitable activities £10.67m
Other £61.33k

-£61,332 investments gains (losses)

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 £76.93k
Charitable expenditure £10.67m
Retained for future use £588.77k

People

500 Employee(s)

8 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1
£130k to £140k 1

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

What the charity does:
  • Amateur Sport
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
  • Other Defined Groups
How the charity helps:
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
Where the charity operates:
  • Coventry City
  • Warwickshire

Governance

Registration history:
  • 28 June 1988: Standard registration
Organisation type:
Charitable company
Other names:
  • CENTRE AT7 TRUST LIMITED (Previous name)
  • COVENTRY AND WARWICKSHIRE AWARD TRUST SPORTS CENTRE LIMITED (Previous name)
Company number:
02239584 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • 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 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

8 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Alan Michael Shaw Chair 12 February 2017
None on record
Zowie-Jade Gahir Trustee 29 June 2022
None on record
Horrabin Jenifer Trustee 29 June 2022
None on record
Ayaz Maqsood Trustee 29 June 2022
None on record
David Robert Moorcroft Trustee 01 June 2020
None on record
Robert Steven Wildman Trustee 12 February 2017
None on record
JOHN ALISTAIR REID MCINTOSH Trustee
MIDLAND SPORTS CENTRE FOR THE DISABLED TRUST LIMITED
Received: On time
EARL OF AYLESFORD Trustee
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £6.17m £5.14m £8.55m £10.11m £11.34m
Total expenditure £6.60m £5.23m £7.87m £9.84m £10.75m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants £94.58k N/A £186.93k £384.29k N/A
Income - Donations and legacies £262.12k £2.59m £682.21k £188.03k £380.35k
Income - Other trading activities £218.80k £129.95k £188.00k £204.00k £297.99k
Income - Charitable activities £5.64m £2.37m £7.56m £9.64m £10.51m
Income - Endowments £262.12k £0 £0 £0 £0
Income - Investment £44.85k £47.69k £118.74k £71.37k £152.43k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £6.60m £5.23m £7.86m £9.81m £10.67m
Expenditure - Raising funds £0 £0 £8.46k £13.75k £15.60k
Expenditure - Governance £102.61k £10.81k £30.84k £30.01k £65.19k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £15.60k
Expenditure - Other £0 £0 £0 £15.38k £61.33k

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 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £85.71k £57.40k £49.01k £2.04m £206.15k
Long-term investments £1.22m £1.51m £1.62m £0 £2.04m
Other assets £895.95k £889.73k £1.67m £1.97m £2.72m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £740.97k £847.92k £1.05m £1.62m £1.97m

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 06 January 2025 On Time
Accounts and TAR 31 March 2024 06 January 2025 On Time Download Open in new window
Annual return 31 March 2023 23 January 2024 On Time
Accounts and TAR 31 March 2023 23 January 2024 On Time Download Open in new window
Annual return 31 March 2022 19 January 2023 On Time
Accounts and TAR 31 March 2022 19 January 2023 On Time Download Open in new window
Annual return 31 March 2021 07 February 2022 7 days late
Accounts and TAR 31 March 2021 07 February 2022 7 days late Download Open in new window
Annual return 31 March 2020 31 January 2021 On Time
Accounts and TAR 31 March 2020 20 April 2021 79 days late 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.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 5 APRIL 1988 AS AMENDED ON 10 MAY 1994 AND 3 APRIL 2000 BY CERTIFICATE OF INCORPORATION ON CHANGE OF NAME AS AMENDED BY SPECIAL RESOLUTION DATED 17 MARCH 2004.

Charitable objects

THE COMPANY IS ESTABLISHED FOR PROVIDING OR ASSISTING IN THE PROVISION OF FACILITIES FOR RECREATION, PHYSICAL EDUCATION OR OTHER LEISURE-TIME OCCUPATION IN OR IN CONNECTION WITH THE CITY OF COVENTRY AND ITS NEIGHBOURHOOD.

Area of benefit

The area the charity can operate in, as set out in its governing document.

THE CITY OF COVENTRY AND ITS NEIGHBOURHOOD

Contact information

Address:
XCEL LEISURE CENTRE
MITCHELL AVENUE
CANLEY
COVENTRY
CV4 8DY
Phone:
02476856956
Email:
pnbreed@cvlife.co.uk
Website:

www.covsf.com Open in new window