| CONTENTS | |||
|---|---|---|---|
| Page | |||
| Chairman's report |
|||
| Report oftrustees and | directors | ||
| independent examiner's |
report | ||
| Statement oftinancial | activities (and income and expenditure | account) | |
| Balance sheet | |||
| 10- 16 | |||
| Notes to the financial | statements |
| INCOME AND EXPEN | D | ITURE | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | Total | Total | ||||||||
| Funds | Fands | 2022 | 2021 | |||||||||
| Income | f, | |||||||||||
| Donations and legacies | 1,733 | 58,356 | 60,089 | 20,687 | ||||||||
| Income from charitable | aetivitiesi | |||||||||||
| Rent receivable | 49,577 | 49,577 | 36,674 | |||||||||
| Investment income |
8,623 | 8,623 | 7,509 | |||||||||
| Total iacome | 59,933 | 58,356 | 118,289 | 64,870 | ||||||||
| Expenditure | ||||||||||||
| Cost ofraising funds: | ||||||||||||
| Fundraising and publicity |
(1,6SS) | (1,688) | (2,313) | |||||||||
| Expenditure on charitable |
activitiesi | |||||||||||
| Direct Charitable Expenditure |
6 | (33,872) | (61,569) | (95,441) | (88,370) | |||||||
| Total expenditure | (35,560) | (61,569) | (9'7,129) | (90,683) | ||||||||
| Net gains/(losses) on investments |
||||||||||||
| Realised (loss) / gain on investment | assets | (19,291) | (19,291) | 2,397 | ||||||||
| Unrealised (loss) / gain on investment |
assets | 9 | (51,397) | (51397) | 51,102 | |||||||
| Net income/(expenditure) | and net | movement | (46,315) | (3,213) | (49,528) | 27.686 | ||||||
| in funds for the year | ||||||||||||
| Reconciliation offunds | ||||||||||||
| Total funds brought forward |
815,139 | 270,025 | 1,085,164 | 1,057,478 | ||||||||
| Total funds carried forward | 6 | 768,S24 | f. | 266,812 | f. | 1,035,636 | f, 1,085,164 |
| of51 in the eve | nt that the company should be wound up. |
nt that the company should be wound up. |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 3. | DONATIONS | AND LEGACIES | Unrestricted | Restricted | Total | Total | |||||
| funds | funds | 2022 | 2021 | ||||||||
| f. | |||||||||||
| Sponsorship income income from donors |
1,027 706 |
58.356 | 1,027 59,062 |
4,190 16,497 |
|||||||
| 5 | 1,733 | 6 | 58,356 | f. | 60,089 | 5 | 20.687 | ||||
| 2021split | 11,834 | 8,853 | 20,687 | ||||||||
| 4. | INVESTMENT INCOME | Unrestricted | Restricted | Total | Total | ||||||
| funds | funds | 2022 | 2021 | ||||||||
| 8 | |||||||||||
| Dividends received from listed investments |
8,053 | 8,053 | 7,193 | ||||||||
| Bank and other | interest received | 570 | 570 | 316 | |||||||
| 8,623 | 6 | - | I | 8,623 | i | 7,509 | |||||
| 202!split | 7,509 | 7,509 | |||||||||
| 5. | FIJNDRAISING | AND PUBLICITY | IJnrestrieted | Restricted | Total | Total | |||||
| funds | funds | 2022 | 2021 | ||||||||
| Fees on donations | 38 | 38 | 123 | ||||||||
| London marathon | bonds | 1.650 | 1,650 | 2,190 | |||||||
| I | 1,688 | 8 | 1,688 | I | 2)313 | ||||||
| 2021 split | 2,313 | 2413 | |||||||||
| 6. | DIRECT CHARITABLE EXPENDITURE | Unrestricted | Restricted | Total | Total | ||||||
| funds | funds | 2022 | 2021 | ||||||||
| 5 | f. | ||||||||||
| Ccechin fees |
49,098 | 49.098 | 9.711 | ||||||||
| Lease smorlisstion | 48 | 81 | 129 | 129 | |||||||
| Depreciation Support costs Other |
24,121 9,703 |
12,265 125 |
36486 9,703 125 |
69,371 9,159 |
|||||||
| 5 | 33,872 | f, | 61„569 | 8 | 95,441 | 6 | 88,370 | ||||
| 38,724 | 49,6-16 | 88,370 |
| ES TO TBKFINANCIAL STATE he year ended 31 December 2022 |
MENTS (continued | ) | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| NKT INCOME/(EXPENDITURE) | FORTBEYEAR | 2022 | 2021 | |||||||
| This is stated niter charmng. | ||||||||||
| Operating leases Depreciation and lease amortisation |
36,515 | 69,500 | ||||||||
| independent examiners' remuneration |
||||||||||
| TANCIBLK FIXEDASSETS | Long | Pitches | Fixtures, | |||||||
| Leasehold | &water | fittings ak |
||||||||
| property | Pavdion | borehole | equipment | Total 8 |
||||||
| COST At I January 2022 Additiolls |
16,033 | 669,863 23,062 |
1,250,697 93,219 |
108,257 | 2„044,850 116,281 |
|||||
| Disposals At 31 December 2022 |
16,033 | 692,925 | 1,343,916 | 108,257 | 2,161,131 | |||||
| DEPRECIATION At I January 2022 |
3,085 | 313,253 | 1,166,293 | 97,566 | 1,580,197 | |||||
| Disposals Charge for the year At 31December 2022 |
129 3,214 |
13,955 327,208 |
17,635 1,183,928 |
4,796 102,362 |
36,515 1,616,712 |
|||||
| NET BOOK VALUE At 31 December 2022 |
12+19 | 8 | 365y717 | 6 | 159i988 | 8 | 5895 | 8 | 544419 | |
| At 31December 2021 | 6 | 12,948 | 5 | 356,610 | E | 84,404 | 5 | 10,691 | 5 | 464,653 |
| INVESTMKNTS -UKLISTEDINVKSTMKNTS | 2022 8 |
2021 | ||||||||
| Market value at I January Additions at cost Disposals at market value Unrealised (losses) / gains |
457,193 26,622 (87,196) (51497) |
355,837 78,723 (28,469) 51,102 |
||||||||
| Market value at 31Deceinber | 345,222 | 5 | 457,193 | |||||||
| Investments at historic cost |
340,188 | 333,077 |
| 10. | DEBTORS | 2022 | 2021 | |
|---|---|---|---|---|
| VAT recoverable | 14,073 | 447 | ||
| Prepayments and accrued income |
1,110 | |||
| Other debtors | 16,573 | 23,897 | ||
| 30,646 | f | 25,454 | ||
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 2022 | 2021 | |
| Rent in advance | 3,648 | 3,648 | ||
| Accruals | 11,816 | |||
| Other creditors | 10,886 | 5.408 | ||
| 26,350 | f. | 9,056 |
| FUNDS | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Movement | Movement | ||||||||||||
| Balance | m resources | in | resources | Gains I | Balance | ||||||||
| 01.01.2022 | incoming | outgoing | Transfers | (losses) | 31.12.202Z | ||||||||
| RESTRICTED FUNDS | |||||||||||||
| Trent Park fund | 244,664 | (12,346) | 23Z,318 | ||||||||||
| Coaching fund | 825 | (825) | 0 | ||||||||||
| Replacement of | assets | 7,133 | 1,000 | 8,133 | |||||||||
| Juniors fund | 1,523 | (1,523) | 0 | ||||||||||
| WKH Memorial | fund | 4,340 | 625 | 4,965 | |||||||||
| Robert Watson award | 2,386 | (125) | 2,261 | ||||||||||
| President's Fund |
4,500 | 55,244 | (42,500) | 17444 | |||||||||
| Performance Academy |
4,426 | 1,487 | (4,250) | 1,663 | |||||||||
| Floodlight maintenance |
228 | 228 | |||||||||||
| 270,025 | 58,356 | (61,569) | 266,81Z | ||||||||||
| UNRESTRlCTED | FUNDS | ||||||||||||
| Designated funds |
|||||||||||||
| Replacement of | assets | 458,010 | 8,435 | (4,877) | (70,688) | 390,8SO | |||||||
| President's corner |
2,275 | 2,275 | |||||||||||
| Landscape maintenance |
20.000 | 20,000 | |||||||||||
| Building maintenance Freehold |
25,000 5,250 |
25,000 5,250 |
|||||||||||
| General fund FA |
219,989 | 92,112 | 312,101 | ||||||||||
| General fund |
84,615 | 51,497 | (122,794) | 13,318 | |||||||||
| 815,139 | 59,932 | (35.559) | (70,688) | 768,SZ4 | |||||||||
| 5 | 1,085,164 | 5 | 118,288 | (5 | 97,128) | f. | (f. | 70,688) | K | 1,035,636 |
| The purposes and origins ofthe various funds are outlined below: |
||||
|---|---|---|---|---|
| -the Trent Park fund was established for the construction and development |
ofanew sports facility | incorporating | two | floodlit |
| artificial turf pitches, grass pitches and a pavilion. Specific funding for this | project was received from the Lottery | Sports Fund, | ||
| the Foundation fltr Sport and the Arts and Middlesex University; —the coaching fund has established a hockey coaching programme for the benefit ofthe local community; -the fund for replacement ofassets (the "Sinking Fund")was established in order to finance the renewal ofshorter-life assets such as the articial turf pitch carpets. Some ofthe fund is received from donors and is restricted, whilst some ofthe fund is |
||||
| unrestricted and designated by the board for this purpose; |
||||
| —the juniors fund is donations received in order to provide hockey opportunities for young people; -the WKH Memorial fund is donations received in memory ofWK Hoyle, a former Chairman, who passed away |
in 2014; | |||
| -the Robert Watson award is donations received in memory ofRobert Watson to be spent on annual player awards; |
||||
| -the Performance Academy isdonations received for ahockey coaching programme; -the floodlight maintenance fund is donations received for the maintenance and replacement offloodlights; —the President's Comer fund is donations to convert part ofthe Southgate Hockey Centre to house a colletion ofmemorabilia to |
||||
| celebrate Southgate Hockev Club's past and present; -the directors have also designated funds for future landscape maintenance, |
building maintenance |
and for purchasing | the | |
| freehold ofthe site. | ||||
| Fund balances at 31 December 2022 are represented as follows: |
||||
| Fixed | Fixed Net current |
|||
| Tangible | Asset assets/ |
|||
| Assets Investments (liabilities) |
Total | |||
| RESTRICTED FUNDS | ||||
| Trent Park fund 232,318 |
232,318 | |||
| Coaching fund Replacement ofassets |
8,133 | 8.133 | ||
| luniors fund WKH Memorial fund Robert Watson award President's Fund Performance Academy Floodlight maintenance 232,318 |
4,965 2,261 17,244 1,663 228 34.494 |
4,965 2,261 17,244 1,663 228 266.812 |
||
| UNRESTRICTED FUNDS | ||||
| Designated funds Replacement of assets Landscape maintenance Building maintenance Presidents Comer Freehold fund General fund 312101 312,101 |
345,222 45.658 20,000 25,000 2,275 5,250 13,ala 345,222 111,301 |
390,880 20,000 25,000 2,275 5,250 325,419 768,824 |
||
| 544,419 I | 345,222 I 145,995 |
1,035,636 |
| COMPARATIVE FUNDS SP | LIT | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restncted | Total | ||||
| Income | Fuads | Funds | 2021 | |||
| Donations and legacies |
11,834 | 8,853 | 20.687 | |||
| Income from charitable activities: |
||||||
| Rent receivable Investment income |
36,674 7,509 |
36.674 7,509 |
||||
| Total income | 56,0]7 | 8,853 | 64,870 | |||
| Expenditure | ||||||
| Cost ofraising funds: Fundraising and publicity |
(2,313) | (2 313) | ||||
| Expenditure on charitable activities: Direct Charitable Expenditure |
(38,724) | (49,646) | (88,370) | |||
| Total expenditure | (41,037) | (49,646) | (90,683) | |||
| Net gains/(losses) on investments |
||||||
| Realised gain on investment assets Unrealised gain on investment assets |
2,397 51,102 |
2,397 51,102 |
||||
| Total net gains on investments | 53,499 | 53,499 | ||||
| Net income/(expenditure) nnd net movement is funds for the year |
68,479 | (40,793) | ||||
| Reconciliation offunds Total funds brought forward |
746,660 | 310,818 | 1,057,478 | |||
| Total funds carried forward | 815,139 | K | 270,025 | f. | 1,085,164 |