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|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|
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|||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|
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|||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|
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|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).|||
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|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|
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|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|||
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|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|
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|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|
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|||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||||||
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|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|
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|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||