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2021-05-16-accounts
|
Page |
| Trustees' report |
1 |
| Independentexaminer's report |
5 |
| Unaudited consolidated statementoffinancial activities |
6 |
| Unaudited consolidated balance sheet |
7 |
| Statementofcash flowsand consolidated statementofcash flows |
8 |
| Notesto the unaudited financial statements |
9 |
|
|
Total |
Total |
|
|
unrestricted |
unrestricted |
|
|
funds |
funds |
|
Note |
2021 |
2020 |
|
|
£ |
£ |
| Income From: |
|
|
|
| Charitable activities |
|
|
|
| Operation ofice rink |
|
67,427 |
557,791 |
| Othertrading activities |
|
|
|
| Commercial trading operations |
|
21,196 |
145,832 |
| Other income |
|
|
|
| Grants |
|
199,535 |
51,506 |
| Investment income |
|
30 |
1,067 |
| Total income |
19 |
288,188 |
756,196 |
| Expenditure On: |
|
|
|
| Costsofraisingfunds |
|
|
|
| Commercialtrading operations |
|
(21,962) |
113,661 |
| Charitable activities |
|
|
|
| Operation ofice rink |
|
568,347 |
625,355 |
| Total expenditure |
20 |
546,385 |
739,016 |
| Net expenditure / income |
|
(258,197) |
17,180 |
| Reconciliation of funds |
|
|
|
| Net movement infunds |
|
(258,197) |
17,180 |
| Total funds brought forward |
|
572,083 |
554,903 |
| Total funds carried forward |
|
313,886 |
572,083 |
|
|
Group |
Group |
Charity |
|
|
Note |
2021 |
2020 |
2021 |
2020 |
|
|
£ |
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
|
|
| Tangible assets |
8 |
100,474 |
142,041 |
|
|
| Investments in subsidiaries |
13 |
|
|
130,289 |
388,486 |
|
|
100,474 |
142,041 |
130,289 |
388,486 |
| CURRENTASSETS |
|
|
|
|
|
| Debtors |
9 |
59,485 |
37,222 |
|
|
| Cash at bank and in hand |
|
343,279 |
502,365 |
183,601 |
183,601 |
|
|
402,764 |
539,587 |
183,601 |
183,601 |
| CREDITORS: AMOUNTS FALLING DUE |
|
|
|
|
|
| WITHIN ONE YEAR |
10 |
(144,803) |
(84,590) |
(4) |
(4) |
| NETCURRENTASSETS |
|
257,961 |
454,997 |
183,597 |
183,597 |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
|
358,435 |
597,038 |
313,886 |
572,083 |
| CREDITORS: AMOUNTS FALLING DUE |
|
|
|
|
|
| AFTER MORE THAN ONE YEAR |
11 |
(44,549) |
|
|
|
| PROVISIONS FOR LIABILITIES |
14 |
|
(24,955) |
|
|
|
|
(44,549) |
(24,955) |
|
|
| Netassets |
|
313,886 |
572,083 |
313,886 |
572,083 |
| FUNDS |
|
|
|
|
|
| Unrestricted incomefunds |
|
|
|
|
|
| General purposefund |
15 |
313,886 |
572,083 |
313,886 |
572,083 |
| Total charityfunds |
|
313,886 |
572,083 |
313,886 |
572,083 |
|
|
Group |
Group |
Charity |
|
|
Note |
2021 |
2020 |
2021 |
2020 |
|
|
£ |
£ |
£ |
£ |
| Cash used in operating activities |
17 |
(158,266) |
75,520 |
|
(33,093) |
| Cash flows from investing activities |
|
|
|
|
|
| Interest income |
|
30 |
1,067 |
|
887 |
| Gift aid |
|
|
|
|
|
| Purchase oftangiblefixed assets |
|
(850) |
(5,724) |
|
|
| Proceeds on sale oftangible fixed assets |
|
|
|
|
|
| Cash (used in) /provided by investing activities |
|
(820) |
(4,657) |
|
887 |
| (Decrease)/increase in cash and cash equivalents inthe |
year |
(159,086) |
70,863 |
|
(32,206) |
| Cash and cash equivalents at the beginning ofthe year |
|
502,365 |
431,502 |
183,601 |
215,807 |
| Total cash and cash equivalents at the end of the year |
|
343,279 |
502,365 |
183,601 |
183,601 |
| 4. |
EMPLOYEES |
2021 |
2020 |
|
|
£ |
£ |
|
Salaries and wages |
248,700 |
256,723 |
|
Social security costs |
5,427 |
8,370 |
|
|
254,127 |
265,093 |
|
Staff numbers |
|
|
|
Average number ofstaff employed during the period |
30 |
29 |
|
No employees have emoluments in excess of£60,000 (2020 - None). |
|
|
| 6. |
NET INCOMING RESOURCES FORTHE PERIOD |
2021 |
2020 |
|
|
£ |
£ |
| This is stated after charging: |
|
|
|
|
Rentpaid - operating lease for Bradford Ice Arena |
29,951 |
29,103 |
|
Depreciation oftangible fixed assets |
42,417 |
46,321 |
|
Independent Examiner's remuneration |
2,650 |
2,200 |
| 8. |
TANGIBLE ASSETS - Group |
|
|
|
Equipment, |
|
|
|
|
|
Fixtures |
|
|
|
|
|
& Tools |
|
|
|
|
|
£ |
| Cost |
|
|
|
|
|
|
At 18 May2020 |
|
|
|
472,931 |
|
Additions |
|
|
|
850 |
|
Disposals |
|
|
|
(1,461) |
|
At 16 May2021 |
|
|
|
472,320 |
| Accumulated depreciation |
|
|
|
|
|
|
At 18 May2020 |
|
|
|
330,890 |
|
Charge in the period |
|
|
|
42,417 |
|
Disposals |
|
|
|
(1,461) |
|
At 16 May2021 |
|
|
|
371,846 |
| Net book value |
|
|
|
|
|
|
At 16 May2021 |
|
|
|
100,474 |
|
At 17 May2020 |
|
|
|
142,041 |
| 9. |
DEBTORS |
Group |
|
Charity |
|
|
|
2021 |
2020 |
2021 |
2020 |
|
|
£ |
£ |
£ |
£ |
| Trade debtors- due within one year |
|
|
2,666 |
|
|
| Otherdebtors- due within one year |
|
7,600 |
150 |
|
|
| Prepayments and accrued income |
|
51,885 |
34,406 |
|
|
|
|
59,485 |
37,222 |
|
|
| 10. |
CREDITORS: AMOUNTS FALLING DUE |
Group |
|
Charity |
|
|
WITHIN ONE YEAR |
2021 |
2020 |
2021 |
2020 |
|
|
£ |
£ |
£ |
£ |
| Corporation tax |
|
|
|
|
|
| Trade creditors |
|
71,410 |
22,348 |
|
|
| Amountsowed to subsidiaries |
|
|
|
4 |
4 |
| Taxation and social security |
|
715 |
11,638 |
|
|
| Bank |
loans and overdrafts |
5,451 |
|
|
|
| Other creditors |
|
3,053 |
4,338 |
|
|
| Accruals and deferred income |
|
64,174 |
46,266 |
|
|
|
|
144,803 |
84,590 |
4 |
4 |
| 11. |
CREDITORS: AMOUNTS FALLING DUE AFTER |
2021 |
2020 |
2021 |
2020 |
|
MORE THAN ONE YEAR |
£ |
£ |
£ |
£ |
| Bank |
loans |
|
|
|
|
|
Between one and two years |
9,661 |
|
|
|
|
Between two and five years |
30,472 |
|
|
|
|
Overfive years |
4,416 |
|
|
|
|
|
44,549 |
|
|
|
13.
INVESTMENTS IN SUBSIDIARIES |
UK subsidiary |
|
undertakings |
|
£ |
| Valuation at 18 May2020 |
388,486 |
| Unrealised impairmenton investments |
(258,197) |
| Valuation at 16 May2021 |
130,289 |
| Profitand lossaccount |
2021 |
2020 |
|
£ |
£ |
| Turnover |
88,623 |
703,623 |
| Costofsales |
(519,632) |
(667,434) |
| Gross (loss) /profit |
(431,009) |
36,189 |
| Distribution costs |
(21,754) |
(22,120) |
| Administrative expenses |
(40,241) |
(45,639) |
| Other income |
199,535 |
51,506 |
| Operating (loss) /profit |
(293,469) |
19,936 |
| Other interest receivable and similar income |
30 |
180 |
| Interest payable and similar charges |
(805) |
|
| (Loss) /profiton ordinary activities beforetaxation |
(294,244) |
20,116 |
| Taxon (loss) /profit on ordinaryactivities |
36,047 |
{3,823) |
| (Loss) /profiton ordinaryactivities aftertaxation/ |
|
|
| (loss)/profitforthe financial period |
(258,197) |
16,293 |
| Aggregate amountofcapital and reserves brought forward |
388,482 |
372,189 |
| (Loss) /profit forthe period |
(258,197) |
16,293 |
|
(258,197) |
16,293 |
| Aggregate amountofcapital and reserves carried forward |
130,285 |
388,482 |
14.
PROVISIONS FOR LIABILITIES |
2021 |
2020 |
|
£ |
£ |
| Deferred taxation balance at 18 May2020 |
24,955 |
32,224 |
| Amountstransferred from profitand lossaccount inthe period (note 19) |
(24,955) |
(7,269) |
| Deferred taxation balance at 16 May2021 |
|
24,955 |
|
|
2021 |
2021 |
|
2020 |
2020 |
|
|
Amount |
|
Amount |
Amount |
Amount |
|
|
provided |
unprovided |
|
provided |
unprovided |
|
|
£ |
|
£ |
£ |
£ |
| Capital allowances in excess ofdepreciation |
|
|
|
|
24,955 |
|
| 15. |
MOVEMENT IN GENERAL UNRESTRICTED FUNDS |
|
|
|
|
|
| CURRENTYEAR |
|
|
|
|
|
|
| CONSOLIDATED |
|
At 18 |
|
Incoming |
Outgoing |
At16 |
|
|
May2020 |
Resources |
|
Resources |
May2021 |
|
|
£ |
|
£ |
£ |
£ |
|
General purposefund |
572,083 |
|
288,188 |
(546,385) |
313,886 |
| COMPANY |
|
At18 |
|
Incoming |
Outgoing |
At16 |
|
|
May2020 |
Resources |
|
Resources |
May2021 |
|
|
£ |
|
£ |
£ |
£ |
|
General purposefund |
572,083 |
|
(258,197) |
|
313,886 |
| PRIOR YEAR |
|
|
|
|
|
|
| CONSOLIDATED |
|
At20 |
|
Incoming |
Outgoing |
At17 |
|
|
May2019 |
Resources |
|
Resources |
May2020 |
|
|
£ |
|
£ |
£ |
£ |
|
General purposefund |
554,903 |
|
756,196 |
(739,016) |
572,083 |
| COMPANY |
|
At20 |
Incoming |
|
Outgoing |
At 17 |
|
|
May2019 |
Resources |
|
Resources |
May2020 |
|
|
£ |
|
£ |
£ |
£ |
|
General purposefund |
554,903 |
|
17,180 |
|
572,083 |
| 16. |
OPERATING LEASES |
|
|
|
|
|
| 17. |
RECONCILIATION OF NET MOVEMENT IN FUNDS TO |
Group |
Group |
|
Charity |
Charity |
|
NET CASH FLOW FROM OPERATING ACTIVITIES |
2021 |
2020 |
2021 |
|
2020 |
|
|
£ |
£ |
|
£ |
£ |
|
Netmovement infunds |
(258,197) |
17,180 |
|
|
887 |
|
Add backdepreciation charge |
42,417 |
46,321 |
|
|
|
|
Deduct interest income shown in investing activities |
(30) |
(1,067) |
|
|
(887) |
|
Decrease (increase) in trade debtors |
2,666 |
8,074 |
|
|
|
|
Decrease (increase) in other debtors |
(7,450) |
128 |
|
|
|
|
Decrease (increase) in prepaymentand accrued income |
(17,479) |
(10,288) |
|
|
171 |
|
Increase (decrease) in trade creditors |
49,062 |
12,738 |
|
|
|
|
Increase (decrease) in amountowed to subsidiaries |
|
|
|
|
(33,264) |
|
Increase (decrease) in taxation and social security |
(10,923) |
8,229 |
|
|
|
|
Increase (decrease) in bank loans |
50,000 |
|
|
|
|
|
Increase (decrease) in other creditors |
(1,285) |
1,064 |
|
|
|
|
Increase (decrease) in accrualsand deferred income |
17,908 |
410 |
|
|
|
|
Increase (decrease) in provision for deferred tax |
(24,955) |
(7,269) |
|
|
|
|
Netcash used in operating activities |
(158,266) |
75,520 |
|
|
(33,093) |
| 18. |
ANALYSIS OF CHANGES IN NET FUNDS |
At 18 |
Cash |
Cash |
|
At 16 |
|
|
May2020 |
Inflows |
Outflows |
|
May2021 |
|
|
£ |
£ |
|
£ |
£ |
|
Cash and cash equivalents |
|
|
|
|
|
|
Cash |
502,365 |
|
159,086 |
|
343,279 |
|
Borrowings |
|
|
|
|
|
|
Debtdue within one year |
|
5,451 |
|
|
5,451 |
|
Debtdue after one year |
|
44,549 |
|
|
44,549 |
| EXPENDITURE |
|
|
|
|
|
|
2021 |
|
2020 |
|
|
|
£ |
£ |
£ |
|
£ |
| Costs ofraisingfunds |
|
|
|
|
|
| Commercialtrading operations |
|
|
|
|
|
| Trading expenditure |
|
|
|
|
|
| Catering - purchases |
435 |
|
42,774 |
|
|
| Catering - staff costs |
|
|
27,811 |
|
|
| Skate shop - purchases |
13,650 |
|
39,253 |
|
|
|
|
14,085 |
|
109,838 |
|
| Taxation |
|
(36,047) |
|
3,823 |
|
|
|
(21,962) |
|
113,661 |
|
| Expenditure on Charitable Activities |
|
|
|
|
|
| Direct |
|
|
|
|
|
| Purchases |
|
|
1,463 |
|
|
| Premises costs |
160,964 |
|
204,270 |
|
|
| Staff costs |
249,000 |
|
215,741 |
|
|
| Repairs and renewals |
46,051 |
|
45,239 |
|
|
| Entertainers fees |
|
|
97 |
|
|
| Equipment hire |
551 |
|
551 |
|
|
| Licencefees |
300 |
|
4,101 |
|
|
|
456,866 |
|
471,462 |
|
|
| Support costs |
|
|
|
|
|
| Staff costs |
5,127 |
|
28,973 |
|
|
| Advertising |
5,745 |
|
6,655 |
|
|
| Bookkeeping |
5,061 |
|
7,218 |
|
|
| Security |
190 |
|
1,187 |
|
|
| Insurance |
28,324 |
|
31,500 |
|
|
| Cleaning materials |
624 |
|
4,923 |
|
|
| Travel |
|
|
85 |
|
|
| Uniforms |
|
|
160 |
|
|
| Office expenses |
13,561 |
|
16,362 |
|
|
| Bad debts |
4,797 |
|
(30) |
|
|
| Interest |
805 |
|
|
|
|
| Bank charges |
2,124 |
|
8,783 |
|
|
| Depreciation |
42,417 |
|
46,321 |
|
|
| Grants received |
(444) |
|
(444) |
|
|
|
108,331 |
|
151,693 |
|
|
| Governance costs |
|
|
|
|
|
| Independent Examiner's remuneration |
2,650 |
|
2,200 |
|
|
| Legal and professional costs |
500 |
|
|
|
|
|
3,150 |
|
2,200 |
|
|
|
|
568,347 |
|
625,355 |
|
| Total expenditure |
|
546,385 |
|
739,016 |
|