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2023-08-31-accounts

Charity registration number 1090437

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Company registration number 04104079 (England and Wales)

GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

| GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS | ASSOCIATION LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

MrA Butterworth Mr M Leech Mr N Fairlamb Sergio Lara-Bercial William Brown Rheanne Bailey Mr Syed Abbas

(Appointed 10 January 2023) (Appointed 1 March 2023) (Appointed 1 February 2023) (Appointed 1 November 2023)

Charity number 1090437

Company number 04104079 Registered office Manchester

Manchester Basketball Centre Wilbraham Road Manchester M16 8GW

independent examiner JL Winder & Co Suite 6 Fumess Gate Peter Green Way Barrow in Furness Cumbria LA14 2PE

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’ GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

CONTENTS

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|||||| |---|---|---|---|---| |ce| |Page| |Trustees’|report|1-4| |Independent|examiner's|report|5| |Statement|of financial|activities|6| |Balance|sheet|7| |Notes|to the|financial|statements|8-18|

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| GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 AUGUST 2023

SSS

The trustees present their annual report and financial statements for the year ended 31 August 2023.

The financlal statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities 1) Diversity, Equity and Inclusion Provide basketball opportunities to everyone, regardless of gender, ability (or disability), race, religion and sexual orientation.

2) Continual learning, development and improvement Encourage everyone actively involved in our sport (e.g. players, coaches, officials, volunteers, staff and Trustees generally) to reach their full potential within their role and develop as people. In particular, for players of all ages, we emphasise the importance of education,

3) Health and Wellbeing

We will continue to work with partners to develop principles and disciplines for health and wellbeing in sport and life. The principles and disciplines focus on three core dimensions of health and wellbeing these are the physical, mental and emotional dimensions.

We endeavour to use sport as a vehicle to instit health & wellbeing principles and disciplines in players, coaches, supporters and officials to facilitate and enable:

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Hard work Giving your best Fair play Courtesy Grace in winning
and losing
Continual Teamwork Friendship Resilience Self-discipline to
improvement establish and
maintain high
standards
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4) Trust to build strong working relationships. Recognise the special relationship between players, coaches, parents, carers, guardians and the club. Fundamentally, trust and strong working relationships are built on everyone's understanding of the mutual benefit between the individual, team and club - which is also the basis for promoting loyalty.

5) Leading by example

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||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |We|encourage|our|coaches,|managers,|trustees,|volunteers,|and|players|to|lead|by|example,|not|fear.|For| |example,|leading|by|example|includes|the|ability|to:| |Work|with|good|energ|Work with|your team|Follow|the|rules| |Commit|to|growth|Monitor your|actions|Listen|to|others|

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The most leading by fear can hope for is compliance, which may often be temporary.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

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GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

: TRUSTEES' REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2023

Achievements and performance

The Charity has continued to fulfill its objectives providing basketball opportunities on and off the floor at Community and Elite Jevel for residents in Greater Manchester and wider. Successes have included winning National titles, numerous players representing their Countries and players receiving Scholarships to the USA. At a community level over 500 children (boys and girls) age 4-16 have engaged in basketball, participating in regular exercise. These young people come from a wide variety of diverse backgrounds and have built new friendships whilst learning new skills and having fun. A number of athletes experienced educational and sporting trips to the USA and Portugal thanks to grants received. Volunteers have supported the club and gained valuable experience and qualifications. Sporting events have been held to allow the community to be part of basketball activities showcasing the sport. The directors and trustees are grateful for the continued support from donations they receive to allow such positive work to continue.

To achieve these values moving forward we will: -

The directors and trustees are aware of growing potentials to bring in further funding but also are aware that some funding streams may well reduce. Local market competition and services, plus cost in living must be at the for front to ensure the Charity is able to meet its objectives.

Financial review The main source of income has been from Match Day and monthly Subs £125,517 (2022 - nil), Health and Fitness Club fees £60,157 (2022 - £61,298), Coaching Fees £24,974 (2022 - £98,525), Use of Sports Hall was just £10,937 (2022 - £78,071) The charity has decided to change the way it categorises income and this is the reason for the fluctuation in current to comparison. Property income has also increased £36,362 (2022 - 8,752) even though one property was sold however £25,561 of this was received from MMU for the reimbursement of expenses.

The total income for the period was £694,871 (2022 - £297,935) with the other main sources of income being grants of £199,637 (2022 - £40,064) and donations £5,371 (2022 - £6,498. Additional income in the period came from Centre Events and Merchandise Sales, Sponsorship and Tournaments and Courses which totalled £7,561 (2022 - £4,727).

The sale of a property also generated a profit on sale of £223,556.

The grants were higher last year as the charity received £1 36,844 for two overseas trips for players.

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GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED | TRUSTEES’ REPORT (CONTINUED)(INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 AUGUST 2023

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Total expenditure In the period amounted to £424,949 (2022 - £330,568)

The charity incurred a surplus for the period of £269,922 (2022 - deficit of £32,633)

The unrestricted fund balance at the end of the period was £475,206 (2022 - £1 94,908).

There was a balance on restricted funds of £8,250 at the year end (2022 - £18,626). Grants had been received from the Peter Harrison Foundation towards the purchase of a new mini-bus for the charity. The Portugal Trip from 2022 went ahead in 2023.

It is the policy of the charity that unrestricted funds which have not been designated for specific use should be maintained at a level equivalent to three month's expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Under the Memorandum and Articles of Association, the charity has the power to make any investment which the directors see fit.

The directors have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The company is limited by guarantee. It therefore does not have share capital and is governed by its Memorandum and Articles of Association.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mr J Forber (Resigned 14 November 2023) Mr A Butterworth Mr M Leech Mr N Fairlamb Ms A Gilronan (Resigned 6 March 2023) Mr J Keyes (Resigned 30 January 2023) Sergio Lara-Bercial (Appointed 10 January 2023) William Brown (Appointed 1 March 2023) Rheanne Bailey (Appointed 1 February 2023) Mr Syed Abbas (Appointed 1 November 2023)

The company is controlled by its board of directors which is made up of people who are sympathetic to the activities of the charity,

The trustees met three times for board meetings during the financial year.

The day to day running of the basketball centre and accommodations was delegated to Samantha Longley on 10th January 2023.

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GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

TRUSTEES’ REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 AUGUST 2023

Trustees retiring at the annual general meeting can then put themselves forward for re-election. Trustees are then voted for by those members in attendance.

Suggestions for new trustees are brought before the board. Suggestions are made based on how an individual may enrich the charity with their personal skill set. if agreed that person is then approached and asked if they are willing to undertake the role of Trustee for Greater Manchester Community Basketball and Sports Association Limited. Documented appointment procedures are then followed.

None of the directors received any remuneration for their services to the company during the year,

The“o— by the Board of Trustees.

Mr A Butterworth Trustee

Dated: 22 May 2024

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GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

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i report to the trustees on my examination of the financial statements of Greater Manchester Community Basketball and Sports Association Limited (the charity) for the year ended 31 August 2023.

Responsibllities and basls of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination because | am a member of ICAEW, which is one of the listed bodies.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 2 _ the financial statements do not accord with those records; or

| have no concems and have come across no other matters in connection with the examination to which beattentionreached. should be drawn in this report in order to enable a proper understanding of the financial statements to

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Sarah Roberts BSc FCA

JL Winder & Co Suite 6 Furness Gate Peter Green Way Barrow in Furness Cumbria LA14 2PE

Dated: 2alosleoen

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GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2023 Oe

FOR THE YEAR ENDEDYEAR ENDEDENDED
Oe		 THE YEAR ENDEDYEAR ENDEDENDED 31 AUGUST 2023AUGUST 2023 31 AUGUST 2023AUGUST 20232023
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
Notes £ £ £ £ £ £
Incomeandendowments from:
Donationsand legacies
Charitable activities		 3
4		 68,164
265,488		 136,844
-		 205,008
265,488		 46,562
251,373		 -
-		 46,562
251,373
Investments 5 819 - 819 - - -
Otherincome 6 223,556 - 223,556 - - -
Total income 558,027 136,844 694,871 297,935 - 297,935
Expenditure on:
Charitable activities		 7 277,579 147,220 424,799 318,336 12,232 330,568
Otherexpenditure 11 150 - 150 - - -
Tota! expenditure 277,729 147,220 424,949 318,336 12,232 330,568
Net Income/(expenditure) and
movement Infunds		 280,298 (10,376) 269,922 (20,401) (12,232) (32,633)
Reconclliation offunds:
Fund balances at
1 September
2022		 194,908 18,626 213,534 215,309 30,858 246,167
Fund balances at 31 August
2023		 475,206 8,250 483,456 194,908 18,626 213,534

All income and expenditure derive from continuing activities and is unrestricted.

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| BALANCE SHEET

GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

AS AT 31 AUGUST 2023

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2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets
Current assets		 13 155,373 382,457
Debtors 14 62,698 984
Cash atbankand in hand 271,272 13,440
Creditors: amounts falling due within 333,970 14,424
one year 16 (5,887) (22,037)
Netcurrentassets/(liabilities) 328,083 (7,613)
Totalassets less current liabilities 483,456 374,844
Creditors: amounts falling due after
morethanoneyear 17 - (161,310)
Netassets 483,456 213,534
Income funds
Restricted funds
Unrestrictedfunds -general		 19 8,250
475,206		 18,626
194,908
483,456 213,534

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 August 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 22 May 2024

Mr A Butterworth Trustee

Company Registration No. 04104079

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GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED : NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 ee

Charity Information

Greater Manchester Community Basketball and Sports Association Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Manchester Basketball Centre, Wilbraham Road, Manchester, M16 8GW.

1.1. Accounting convention The accounts have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102)’ (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulietin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are racognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

1.5 Resources expended Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved In undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.

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| ASSOCIATIONGREATER MANCHESTERLIMITED COMMUNITY BASKETBALL AND SPORTS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

eee 1 Accounting policies (Continued)

Resources expended are included in the statement of financial activities on an accruals basis, inclusive of any VAT which cannot be recovered.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings 2% straight line Fixtures, fittings & equipment 25% straight line Motor vehicles 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of flxed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present vaiue of the future receipts discounted at a market rate of interest. Financial assets Classified as receivable within one year are not amortised.

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| GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023 a 1Accounting policies (Continued)

Basic financial liabilities Basic financial {labilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate methad.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled.

4.10 Employee benefits The cost of any unused holiday entitlement is recognised in the perlod in which the employee's services are received,

Termination benefits ara recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2023 2022 2022 2022
£ £ £ £ £ £
Donations and gifts 5,371 - 5,371 6,498 - 6,498
Grants 62,793 136,844 199,637 40,064 - 40,064
68,164 136,844 205,008 46,562 - 46,562
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| GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

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3 Income from donations and legacies

(Continued)

Unrestricted
funds		 Restricted
funds		 Total Unrestricted
funds		 Restricted
funds		 Total
2023 2023 2023 2022 2022 2022
£ £ £ £ £ £
Donations and gifts
Friends of Greater
Manchester
SK Cleaning and Fusion		 - - - 2,135 - 2,135
Care 500 - 500 - - -
Amazon 89 - 89 13 - 13
Foundation Donations
Memberand community
donations		 -
1,150		 -
-		 -
1,150		 3,879
-		 -
-		 3,879
-
GiftAid 868 - 868 - - -
J&M Forber 710 - 710 - - -
Easy Fundraising 54 - 54 41 - 41
PH Greaves 2,000 - 2,000 - - -
Other - - - 430 - 430
5,371 - 5,371 6,498 - 6,498
Grants receivable for core activities
ManchesterActive
DISE
NTLG Apprentice		 15,000
47,602
191		 -
-
-		 15,000
47,602
191		 1,500
3,190
-		 -
-
-		 1,500
3,190
-
Turing - 92,761 92,761 - - -
MCRActive
British Council		 -
-		 -
44,083		 -
44,083		 15,000
-		 -
-		 15,000
-
LetMe PlayandGoPlay
Covid Council Grants		 -
-		 -
-		 -
-		 12,808
7,566		 -
-		 12,808
7,566
62,793 136,844 199,637 40,064 - 40,064

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GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

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|||||||||| |---|---|---|---|---|---|---|---|---| |Operational|Operational| |2023|2022| |£|£| |Coaching|fees|24,974|98,525| |Health|and|fitness|club|fees|60,157|61,298| |Use|of sports|hall|10,937|78,0714| |Match|day and|monthly subs|125,517|-| |Merchandlse|and|events|(nets|of costs)|1,015|4,337| |Property|rental|36,342|8,752| |Sponsorship|6,000|-| |Tournaments|and|courses|546|390| |265,488|251,373| |5|Income|from|investments| |Unrestricted|Unrestricted| |funds|funds| |2023|2022| |£|£| |Interest|receivable|819|-| |6|Other|Income| |Unrestricted|Unrestricted| |funds|funds| |2023|2022| |£|£| |Net|gain|on|disposal|of tangible|fixed|assets|223,556|-|

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GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

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7 Expenditure on charitable actlvities

Operational Operational
2023 2022
£ £
Staffcosts 123,375 138,238
Depreciation and impairment 7,417 18,111
Kit,ballsandtrophies 8,316 27,934
Repairs, renewalsand cleaning 4,385 8,880
Rates, ground rentand service charge 26,329 4,300
Court hire 3,511 24,870
Insurance 10,673 2,219
Heatand light (228) 4,190
Postage, printing, stationery, telephone, internet, computer expenses and
advertising		 9,128 9,895
Coaching fees 35,878 35,850
Registration and entryfees 7,946 8,571
Traveland motorexpenses
Hire ofequipment
Legal fees and settlement payments		 154,964
1,570
(300)		 13,032
3,664
661
Training, DBS checks, playertreatment and expenses 24,090 13,610
Accountancy, payroll and pension fees 6,104 5,085
Bankand credit charges, interest and sundries 1,452 11,003
Tournament expenses 189 455
424,799 330,568
424,799 330,568
Analysis byfund
Unrestricted funds -general 277,579 318,336
Restricted funds 147,220 12,232
424,799 330,568
8 Net movement in funds 2023 2022
£ £
The net movement in funds is stated after charging/(crediting):
Depreciation ofowned tangible fixed assets TANT 18,111
Profiton disposal oftangiblefixed assets (223,556) -
9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

ees

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GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

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||
140
Employees||
140
Employees||
140
Employees||
140
Employees| |---|---|---|---| |i|The average monthly number ofemployees during the yearwas:||| |||2023|2022| |||Number|Number| |:|General staff
Management staff|4
1|6
1| ||Total|5|7| |||==___—_——|—<e| ||Employment costs|2023|2022| |||£|£| ||Wagesand salaries|92,185|126,277| |:|Social security costs|2,380|5,377| |i|Other pension costs|1,568|2,116| |||96,133|133,770| ||Therewere no employeeswhose annual remuneration wasmore than £60,000.||| ||Remuneration of key management personnel||| ||The remuneration ofkey management personnel was as follows:||| |||2023|2022| |||£|£| |:|Aggregate compensation|24,903|45,982| |:|The remuneration ofkey management personnel was as follows:||| |11.|Other||| |||Unrestricted|Tota!| |||funds|| |||general|R| |||2023|2022| ||Penalties|150
150|-
-| |12|Taxation|||

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

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GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

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13 Tanglble fixed assets

Tanglble fixed assets
Land and Fixtures, Motor vehictes Total
buildings fittings &
equipment
£ £ £ £
Cost
At 1 September2022
Additions
Disposals		 426,003
-
(255,024)		 19,564
1,000
-		 66,239
-
-		 511,806
1,000
(255,024)
At 31 August2023 170,979 20,564 66,239 257,782
Depreciation and impairment
At1 September2022 57,441 19,166 52,742 129,349
Depreciation charged in the year 3,420 398 3,599 7,417
Eliminated in respectofdisposals (34,357) - - (34,357)
At 31 August2023 26,504 19,564 56,341 102,409
Carrying amount
At 31 August 2023 144,475 1,000 9,898 155,373
At31August2022 368,562 398 13,497 382,457

The freehold property owned by the company are domestic properties occupled by students visiting the company's basketball facilities.

The sports hall is leased from Manchester City Council. The lease is for 30 years with a one off rental payment of £1.

14 Debtors

2023 2022
Amounts falllng due within one year: £ £
Debtors 62,384 4
Prepayments 314 983
62,698 984

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GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

| NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) | FOR THE YEAR ENDED 31 AUGUST 2023 ) | 15 Loans and overdrafts 2023 2022 | |Other loans - 174,238 Payable within one year - 12,928 Payable after one year - 161,310

Amounts included above which fall due after five years: Payable by instalments - 83,180

The long-term loans are secured by fixed charges over the 2 freehold properties, at Wilbraham Road and Athol Road, Greater Manchester.

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |:|16|Creditors:|amounts falling due within one year|2023|2022| ||| ||Borrowings|-|12,928| |Other|taxation|and|social|security|1,706|1,357| |Accruals|and|deferred|income|4,181|7,752| |||5,887|22,037| |17|Creditors:|amounts|falling|due|after|more|than|one|year| |:|2023|2022| |£|£| |Borrowings|-|161,310| |18|Retirement|benefit|schemes| |2023|2022| |Defined|contribution|schemes|£|£| |Charge|to|profit|or|loss|in|respect|of defined|contribution|schemes|1,568|2,116|

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The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

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NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2023

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as tohow theymay be used.		 The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as tohow theymay be used.		 The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as tohow theymay be used.		 The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as tohow theymay be used.		 The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust
subject to specific conditions by donors as tohow theymay be used.
At 1 Incoming Resources At 31 August
September resources expended 2023
2022
£ £ £ £
British Council Portugal Trip 7,376 44,083 (51,459) -
Peter Harrison Foundation minibus
Turing USATrip		 11,250
-		 -
92,761		 (3,000)
(92,761)		 8,250
-
—EE ——— ———- —
18,626 136,844 (147,220) 8,250
Previous year: At 1 Incoming Resources At 31 August
September resources expended 2022
2021
£ £ £ £
British Council Portugal Trip 16,608 - (9,232) 7,376
PeterHarrison Foundation minibus 14,250 - (3,000) 11,250
30,858 - (12,232) 18,626
20 Unrestricted funds
The unrestricted funds ofthe charitycomprise the unexpended balances ofdonations and grantswhich are
notsubjecttospecificconditionsby donorsandgrantorsastohowtheymaybeused.Theseinclude
designated fundswhich have been set aside outofunrestricted fundsbythe trustees for specific purposes.
At Incoming Resources
At 31		 August
September resources expended 2023
2022
£ £ £ £
General funds 194,908 558,027 (277,729) 475,206
Previous year: At1 Incoming Resources At 31 August
September resources expended 2022
2021
£ £ £ £
Generalfunds 215,309 297,935 (318,336) 194,908

eee

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~ GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2023

||
||21|+Analysisofnet assetsbetweenfunds
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£| |---|---|---| |||| ||
Fund balances at 31
|
August 2023 are
|
represented by:||| ||||Tangible assets
147,123
8,250
155,373
371,207
11,250
382,457
Current assets/(liabilities)
328,083
-
328,083
(14,989)
7,376
(7,613)| |||Long term liabilities
-
-
-
(161,310)
-
(161,310)| ||||475,206
8,250
483,456
194,908
18,626
213,534|

22 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating lsases, which fall due as follows:

2023 2022
£ £
Within one year 1,034 1,425
Between two and five years 665 1,699
1,699 3,124

Lessor

23 Related party transactions

There were no disclosable related party transactions during the year (2022 - none).