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2021-03-31-accounts
01/12/2021
|
|
2021 |
2020 |
|
|
Unrestricted |
Unrestricted |
|
|
Total |
Total |
|
Note |
£ |
£ |
| INCOMEFROM: |
|
|
|
| Donations |
1 |
10,732 |
4,664 |
| Charitableactivities |
2 |
78,830 |
293,565 |
| Investments |
3 |
18,463 |
30,154 |
| Total |
|
108,025 |
328,383 |
| EXPENDITUREON: |
|
|
|
| Charitable activities |
4 |
286,658 |
406,322 |
| Total |
|
286,658 |
406,322 |
| NETEXPENDITUREAND NETMOVEMENTIN |
|
|
|
| FUNDS |
|
(178,633) |
(77,939) |
| Fund balancesat 1 April |
|
2,731,118 |
2,809,057 |
| FUNDBALANCESAT31 MARCH |
|
2,552,485 |
2,731,118 |
|
Note |
2021 |
2020 |
|
|
£ |
£ |
| CURRENTASSETS |
|
|
|
| Tangible assets |
9 |
1,272 |
1,276 |
| CURRENTASSETS |
|
|
|
| Debtors |
10 |
21,725 |
67,441 |
| Cashat bankandinhand |
|
2,597,344 |
2,735,310 |
|
|
2,619,069 |
2,802,751 |
| CREDITORS: amountsfalling duewithin |
|
|
|
| oneyear |
11 |
(67,856) |
(72,909) |
| NET CURRENTASSETS |
|
2,551,213 |
2,729,842 |
| TOTALASSETSLESSCURRENTLIABILITIES |
|
|
|
|
|
2,552,485 |
2,731,118 |
| FUNDS |
|
|
|
| Unrestrictedfunds: |
|
|
|
| General funds |
|
2,543,544 |
2,719,529 |
| Designatedfunds |
12 |
8,941 |
11,589 |
|
|
2,552,485 |
2,731,118 |
|
|
Charity |
Charity |
|
|
2021 |
2020 |
|
|
£ |
£ |
| Cash flows from operating activities: |
|
|
|
| Netcashused inoperatingactivities |
|
(156,311) |
{15,937) |
| Cash flows from investing activities: |
|
|
|
| Interest frominvestments |
|
18,463 |
30,154 |
| PurchaseofEquipment |
|
{1,430) |
{1,312) |
| Proceeds fromsaleoffixed asset |
|
1,312 |
|
| Net cash provided by investing activities |
|
18,345 |
28,842 |
| Change in cash and cash equivalents in the reporting period |
|
(137,966) |
12,905 |
| Cashandcash equivalents atthebeginning ofthereporting |
period |
2,735,310 |
2,722,405 |
| Cash and cash equivalents at the end of the reporting period |
|
2,597,344 |
2,735,310 |
| Reconciliation of net expenditure to net cash flow from |
|
|
|
| operating activities |
|
|
|
| Net expenditureforthereportingperiod |
|
(178,633) |
(77,939) |
| Adjustments for: |
|
|
|
| Interest frominvestments |
|
{18,463) |
(30,154) |
| Depreciation |
|
450 |
36 |
| Decreaseindebtors |
|
45,716 |
61,816 |
| (Decrease)/lncreaseincreditors |
|
{5,053) |
30,304 |
| Gainondisposal offixedasset |
|
(328) |
|
| Net cash used in operating activities |
|
(156,311) |
(15,937) |
| Analysis of changes in cash and cash equivalents |
2020 |
Cash flows |
2021 |
|
£ |
£ |
£ |
| Cashat bank |
813,387 |
(30,169) |
783,218 |
| Short term deposits |
1,921,923 |
(107,797) |
1,814,126 |
| Total cash and cash equivalents |
2,735,310 |
(137,966) |
2,597,344 |
|
DONATIONSANDLEGACIES |
|
|
|
2021 |
2020 |
|
|
|
|
|
£ |
£ |
|
Donations |
|
|
|
10,732 |
4,664 |
| 2 |
CHARJTABLEACTIVITIES |
|
|
|
2021 |
2020 |
|
|
|
|
|
£ |
£ |
|
Grantsincome |
|
|
|
56,928 |
293,565 |
|
CoronavirusJobRetention Scheme income |
|
|
|
21,902 |
|
|
|
|
|
|
78,830 |
293,565 |
| 3 |
INVESTMENTINCOME |
|
|
|
2021 |
2020 |
|
|
|
|
|
£ |
£ |
|
Interestreceivable |
|
|
|
18,463 |
30,154 |
| 4 |
CHARITABLE |
|
|
Grant |
2021 |
2020 |
|
ACTIVITIES |
Staffcosts |
Other costs |
funding |
Total |
Total |
|
|
£ |
£ |
£ |
£ |
£ |
|
Funding young peoplein |
|
|
|
|
|
|
sport |
223,624 |
5,270 |
|
228,894 |
293,612 |
|
YouthSportTrustgrant |
|
|
|
|
|
|
funding |
|
|
|
|
49,850 |
|
Supportcosts |
28,076 |
29,688 |
|
57,764 |
62,860 |
|
|
251,700 |
34,958 |
|
286,658 |
406,322 |
|
|
|
|
|
2021 |
2020 |
|
Analysis ofsupportcosts: |
|
|
|
£ |
£ |
|
Governance |
|
|
|
37,358 |
36,977 |
|
Officeexpenses |
|
|
|
20,406 |
25,883 |
|
|
|
|
|
57,764 |
62,860 |
|
|
|
|
2021 |
2020 |
|
|
|
|
£ |
£ |
|
Total expenditure includes: |
|
|
|
|
|
Auditorsremuneration |
|
|
|
|
|
forauditwork |
|
|
7,800 |
6,600 |
| 6 |
GRANTSPAYABLE |
Unrestricted |
Designated |
Total |
Total |
|
|
funds |
funds |
2021 |
2020 |
|
|
£ |
£ |
£ |
£ |
|
Grants toinstitutions: |
|
|
|
|
|
Grant toYouthSport Trust |
|
|
|
49,850 |
|
|
|
|
|
49,850 |
| 8 |
STAFFCOSTS |
2021 |
2020 |
|
|
£ |
£ |
|
Wagesand salaries |
219,752 |
182,203 |
|
Social securitycosts |
20,661 |
18,128 |
|
Pensioncosts |
10,304 |
8,271 |
|
|
250,717 |
208,602 |
|
|
2021 |
|
2020 |
|
|
Number |
|
Number |
|
Fundingyoung peopleinsportandgovernance |
5 |
|
4 |
|
Thenumberofemployees whoseannual emoluments were£60,000 ormore were: |
|
|
|
|
|
2021 |
|
2020 |
|
|
Number |
|
Number |
|
£60,001 -£70,000 |
1 |
|
|
|
£70,001 -£80,000 |
|
|
|
|
£80,001 -£90,000 |
|
|
|
|
Pension contributions inrespect oftheseemployees amounted to £7,500 (2020: £6,922). |
|
|
|
| 9 |
FIXED ASSETS |
|
|
|
|
TANGIBLEFIXED ASSETS |
|
|
Computer |
|
|
|
|
Equipment |
|
|
|
|
£ |
|
Cost |
|
|
|
|
At 1 April2020 |
|
|
1,312 |
|
Additions |
|
|
1,430 |
|
Disposals |
|
|
(1,312) |
|
At31 March2021 |
|
|
1,430 |
|
Depreciation |
|
|
|
|
At 1 April 2020 |
|
|
36 |
|
Chargefortheyear |
|
|
450 |
|
Disposals |
|
|
(328) |
|
At 31 March2021 |
|
|
158 |
|
Net bookvalue |
|
|
|
|
At 31 March 2021 |
|
|
1,272 |
|
At 31 March2020 |
|
|
1,276 |
| 10 |
DEBTORS |
|
|
|
|
|
2021 |
|
2020 |
|
|
|
£ |
£ |
|
Tradedebtors |
5,766 |
|
51,057 |
|
Prepayments and accruedincome |
15,959 |
|
16,384 |
|
|
21,725 |
|
67,441 |
| 11 |
CREDITORS: Amounts fallingdue |
2021 |
2020 |
|
withinoneyear |
£ |
£ |
|
Tradecreditors |
21,408 |
32,596 |
|
Accrualsand deferredincome |
40,641 |
35,169 |
|
Othertaxationandsocial security |
5,807 |
5,144 |
|
|
67,856 |
72,909 |
| All financialinstrumentsaremeasuredatamortisedcost. |
|
| Netmovementindeferredincome: |
2021 |
|
£ |
| Balance 1 April 2020 |
29,580 |
| Utilisedduringtheyear |
(28,261) |
| Additionalincomedeferred |
31,392 |
| Balance31 March2021 |
32,711 |
|
Balanceat |
Utilised/ |
|
Balanceat |
|
1 April |
realised |
Transfer |
31 March |
|
2020 |
£ |
£ |
2021 |
|
£ |
|
|
£ |
| MaldivesRowingProject |
2,648 |
(2,648) |
|
|
| CalumJohnstonInternational |
8,941 |
|
|
8,941 |
| Scholarships |
|
|
|
|
|
11,589 |
(2,648) |
|
8,941 |
|
|
|
|
--- |
| 13 |
ANALYSISOFNETASSETSBETWEENFUNDS |
General |
Designated |
|
|
|
funds |
funds |
Total |
|
Fund balancesat 31 March 2021 arerepresented by: |
£ |
£ |
£ |
|
Tangiblefixed assets |
1,272 |
|
1,272 |
|
Currentassets |
2,610,128 |
8,941 |
2,619,069 |
|
Creditors: amountsfallingduewithinoneyear |
(67,856) |
|
(67,856) |
|
|
2,543,544 |
8,941 |
2,552,485 |
|
|
General |
Designated |
|
|
|
funds |
funds |
Total |
|
Fund balancesat 31 March2020arerepresented by: |
£ |
£ |
£ |
|
Tangiblefixedassets |
1,276 |
|
1,276 |
|
Currentassets |
2,791,162 |
11,589 |
2,802,751 |
|
Creditors: amountsfallingduewithinoneyear |
(72,909) |
|
(72,909) |
|
|
2,719,529 |
11,589 |
2,731,118 |
|
YouthSportTrust |
YouthSportTrust |
YouthSportTrust |
YouthSportTrust |
|
|
|
EnterprisesLtd |
|
|
2021 |
2020 |
2021 |
2020 |
|
£ |
£ |
£ |
£ |
| Saleofgoods inyear |
7,266 |
7,351 |
|
|
| Purchaseofgoods inyear |
20,340 |
74,224 |
|
1,622 |
| Amounts duefromrelatedparties |
5,766 |
|
|
|
| Amounts duetorelated parties |
18,719 |
28,960 |
|
|