Charity registration number 1090437 (England and Wales) Company registration number 04104079 GREATER MANCHESTER COMMUNITY BASKETBALLAND SPORTS ASSOCIATION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED LEGALAND ADMINISTRATIVE INFORMATION Trustees MrA Butterworth Mr N Fairlamb Sergio Lara-Bercial William Brown Rheanne Bailey Mr Syed Abbas (Appointed 1 November 2023) Charity number (England and Wales) 1090437 Company number 04104079 Registered office Manchester Basketball Centre Wilbraham Road Manchester M16 8GW Independent examiner JL Winder & Co Suite 6 Furness Gate Peter Green Way Barrow in Furness Cumbria LA14 2PE
GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED CONTENTS Page Trustees, report Independent examiner's report Statement of financial activities Balance sheet Notes to the financial statements 8-17
GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 The trustees present their annual report and financial statements for the year ended 31 August 2024. The financial 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, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP '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)" 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 instil health & wellbeing principles and disciplines in players, coaches, supporters and officials to facilitate and enable: Hard work Giving your best Fair play Courtesy Grace in winning and losing Self-discipline stablish maintain tandards Continual improvement eamwork Friendship Resilience to and high 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 We encourage our coaches, managers, trustees, volunteers, and players to lead by example, not fear. For exam le, leadin exam le includes the abilit to: Build trust ork with good energy ork with your team Follow the rules rust your team Commit to growth Monitor your actions Listen to others 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.
GREATER MANCHESTER COMMUNITY BASKETBALLAND SPORTS ASSOCIATION LIMITED TRUSTEES, REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Achievements and perforniance The Charity has continued to fulfill its objectives providing basketball opportunities on and off the floor at Community and Elite level 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 4-18 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 leaming new skills and having fun. Volunteers have supported the club and gained valuable experien 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: _ Develop new sources of income Maintain & increase current sources of income Decrease operating costs (e.g. efficiency)/lncrease asset utilisation Improve range & clarity of offer Improve market perptIOn Improve customer loyalty Improve offering selection Improve availability of data and information Improve quality & safety of ServIS provided Improve cost control & operational efficiency Improve knowledge and skills Improve use of technology Improve partnerships & supply chain 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 £140,184 (2023 - £125,517), Health and Fitness Club fees £54,003 (2023 - £60,157), Coaching Fees £31,361 (2023 - £24,974), Use of Sports Hall was £9,020 (2023 - £10,937) Propety income has decreased £20,206 (2023 - £36,342) as only £500 was received from MMU for a propety which the charity was renting on their behalf The total income for the period was £343,028 (2023 - £694,871) with the other main sources of income being grants of £73,670 (2023 - £199,637) and donations £286 (2023 - £5,371). Additional income in the period came from Centre Events and Merchandise Sales, Sponsorship and Toumaments and Courses which totalled £12,039 (2023 - £7,561). Income was higher overall in 2023 as there was a propety which produced a gain of £223,556 The grants were higher in previous years due to two overseas trips.
GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 Total expenditure in the period amounted to £343,191 (2023 - £424,949) The charity incurred a deficit for the period of £163 (2023 - surplus of £269,922) The unrestricted fund balance at the end of the period was £478,043 (2023 - £475,206). There was a balan on restricted funds of £5,250 at the year end (2023 - £8,250). Grants had been received from the Peter Harrison Foundation towards the purchase of a new mini-bus for the charity and there was some remaining small grant spend on the US trip which occurred 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 ofAssociation, 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. tt therefore does not have share capital and is govemed 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) MrA Butterworth Mr M Leech Mr N Fairlamb Sergio Lara-Bercial William Brown Rheanne Bailey Mr Syed Abbas (Resigned 5 July 2024) (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.
GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED TRUSTEES. REPORT (CONTINUED)(INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 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 trustees, re ort was approved by the Board of Trustees. Mr A Butterworth Trustee Dated: 22 May 2025
GREATER MANCHESTER COMMUNITY BASKETBALLAND SPORTS ASSOCIATION LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED 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 2024. Responsibilities and basis 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. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011. Independent examiner's statement Since the charity's gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Sarah Roberts Bsc FCA JL Winder & Co Suite 6 Furness Gate Peter Green Way Barrow in Furness Cumbria LA14 2PE Dated: ........ .......
GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Notes Income and endowments from: Donations and legacies Charitable activities Investments Other income 65,561 266,867 2,205 8,395 73,956 266,867 2,205 68,164 265,488 819 223,556 136,844 205,008 265,488 819 223,556 Total income 334,633 8,395 343,028 558,027 136,844 694,871 Expenditure on: Charitable activities Other expenditure 331,796 11,395 343,191 277,579 150 147,220 424,799 150 11 Total expenditure 331,796 11,395 343,191 277,729 147,220 424,949 Net income/(expenditure) and movement in funds 2,837 (3,000) (163) 280,298 (10,376) 269,922 Reconciliation of funds: Fund balances at 1 September 2023 475,206 8,250 483,456 194,908 18,626 213,534 Fund balances at 31 August 2024 478,043 5,250 483,293 475,206 8,250 483,456 All income and expenditure derive from continuing activities and is unrestricted.
GREATER MANCHESTER COMMUNITY BASKETBALLAND SPORTS ASSOCIATION LIMITED BALANCE SHEET ASAT31 AUGUST 2024 2024 2023 Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand 13 149,991 155,373 14 15,252 324,864 62,698 271,272 340,116 333,970 Creditors: amounts falling due within one year 15 (6,814) (5,887) Net current assets 333,302 328,083 Total assets less current liabilities 483,293 483,456 Income funds Restricted funds Unrestricted funds - general 17 5,250 478,043 8,250 475,206 483,293 483,456 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 2024. 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 ststements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. ements were approved by the Trustees on 22 May 2025 The financial sta MrA Butterworth Trustee Company Registration No. 04104079
GREATER MANCHESTER COMMUNITY BASKETBALLAND SPORTS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies 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 Ireland (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 Bulletin 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. 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate reSoUrS to continue in operational existence for the foreseeable fvture. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtheran of their charitable objectives. 1.4 Incoming resources 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 recognised 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.
GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 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 Fixtures, fittings & equipment Motor vehicles 2 % straight line 25 % straight line 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 fixed 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 value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies (Continued) Basic financial liabilities Basic financial liabilities, 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 method. 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. 1.10 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 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 SoUrs. 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. Income from donations and legacles Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts Grants 286 65,275 286 73,670 5,371 62,793 5,371 199,637 8,395 136,844 65,561 8,395 73,956 68,164 136,844 205.008 10-
GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Income from donations and legacies (Continued) Unrestricted Restricted fvnds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Donations and gifts Fusion Care Amazon Other small donations Member and community donations GiftAid J&M Forber Easy Fundraising PH Greaves 250 250 500 89 500 89 31 31 1,150 868 710 1,150 868 710 2,000 2,000 286 286 5.371 5,371 Grants ManchesterActive DISE NTLG Apprentice Turing Basketball England British Council 15,000 49,775 15,000 49,775 15,000 47,602 191 15,000 47,602 191 92,761 8,395 8,395 500 92,761 500 44,083 44,083 65,275 8,395 73,670 62,793 136,844 199,637 Income from charitable activities Operational Operational 2024 2023 Coaching fees Health and fitness club fees Use of sports hall Match day and monthly subs Merchandise and events (nets of costs) Propety rental Sponsorship Tournaments and courses 31,361 54,003 9,020 140,184 3,830 20,206 7,500 763 24.974 60,157 10,937 125,517 1,015 36,342 6,000 546 266,867 265,488 11
GREATER MANCHESTER COMMUNITY BASKETBALLAND SPORTS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Income from investments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 2,205 819 Other income Unrestricted Unrestricted funds funds 2024 2023 Net gain on disposal of tangible fixed assets 223,556 12-
GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Expenditure on charitable activities Operational Operational 2024 2023 Staff costs Depreciation and impairment Kit, balls and trophies Repairs, renewals and cleaning Rates, ground rent and service charge Court hire Insurance Heat and light Postage, printing, stationery, telephone, internet, computer expenses and advertising Coaching fees Registration and entry fees Travel and motor expenses Hire of equipment Legal fees and settlement payments Training, DBS checks, player treatment and expenses Accountancy, payroll and pension fees Bank and credit charges, interest and sundries Tournament expenses 146,860 7,668 37,822 5,912 3,113 17,169 5,716 471 123,375 7,417 8,316 4,385 26,329 3,511 10,673 (228) 8,363 32,714 12,281 20,249 1,136 24,524 10,485 6,049 1,988 671 9,128 35,878 7,946 154,964 1,570 (300) 24,090 6,104 1,452 189 343,191 424,799 343,191 424,799 Analysis by fund Unrestricted funds - general Restricted funds 331,796 11,395 277,579 147,220 343,191 424,799 Net movement in funds 2024 2023 The net movement in funds is stated after charging/(crediting): Depreciation of owned tangible fixed assets Loss/(profit) on disposal of tangible fixed assets 7,668 7,420 (223,556) Trustees None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. 13-
GREATER MANCHESTER COMMUNITY BASKETBALLAND SPORTS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 10 .Employees The average monthly number of employees during the year was: 2024 Number 2023 Number General staff Management staff Total Employment costs 2024 2023 Wages and salaries Social security costs Other pension costs 112,341 3,682 2,371 92,185 2,380 1,568 96,133 133,770 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management personnel was as follows: 2024 2023 Aggregate compensation 33,598 24,903 The remuneration of key management personnel was as follows: 11 Other Total Unrestricted funds general 2023 2024 Penalties 150 150 12 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 14-
GREATER MANCHESTER COMMUNITY BASKETBALLAND SPORTS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 13 Tangible fixed assets Land and bulldlngs Flxtures, Motor vehlcles flttings & equlpment Total Cost At 1 September 2023 Additions 170,980 20,564 2,285 66,239 257,783 2,285 At 31 August 2024 170,980 22,849 66,239 260,068 Depreciation and impairment At 1 September 2023 Depreciation charged in the year 26,504 3,420 19,564 649 56,341 3,599 102,409 7,668 At 31 August 2024 29,924 20,213 59,940 110,077 Carrying amount At 31 August 2024 141,056 2,636 6,299 149,991 At 31 August 2023 144,475 1,000 9,898 155,373 The freehold propety owned by the company are domestic properties occupied 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 2024 2023 Amounts falling due within one year: Debtors Prepayments 15,001 251 62,384 314 15,252 62,698 15 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Trade creditors Accruals and deferred income 1,306 1,140 4,368 1,706 4,181 6,814 5,887 15-
GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 16 Retirement benefit schemes 2024 2023 Defined contributlon schemes Charge to profit or loss in respect of defined contribution schemes 2,371 1,568 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. 17 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At1 September 2023 Incoming resources Resources At 31 August expended 2024 Peter Harrison Foundation minibus Turing USA Trip 8,250 (3,000) (8,395) 5,250 8,395 8,250 8,395 (11,395) 5,250 Previous year: At1 September 2022 Incoming resources Resources At 31 August expended 2023 British Council Portugal Trip Peter Harrison Foundation minibus Turing USA Trip 7,376 11,250 44,083 (51,459) (3,000) (92,761) 8,250 92,761 18,626 136,844 (147,220) 8,250 18 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At1 September 2023 Incoming resources Resources At 31 August expended 2024 General funds 475,206 334,633 (331,796) 478,043 16-
GREATER MANCHESTER COMMUNITY BASKETBALL AND SPORTS ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 18 Unrestricted funds (Continued) Previous year: At1 September 2022 Incoming Resources At 31 August resources expended 2023 General funds 194,908 558,027 (277,729) 475,206 19 Analysis of net assets between funds Unrestricted Restricted Total Unrestricted Restricted funds 2023 Total 2024 2024 2024 2023 2023 Fund balances at 31 August 2024 are represented by: Tangible assets Current assets/(liabilities) 144,741 333,302 5,250 149,991 333,302 147,123 328,083 8,250 155,373 328,083 478,043 5,250 483,293 475,206 8,250 483,456 20 Operating lease commitments Lessee At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows: 2024 2023 Within one year Between two and five years 768 1,034 665 768 1,699 Lessor 21 Related party transactions There were no disclosable related paty transactions during the year (2023 - none). 17-