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|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|||
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|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|
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||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|||
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|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|
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|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|
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|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|
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|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|