Ten-Em-Bee Sports Development Centre A Company Limited by Guarantee Report and Unaudited Financial Statements For the year ended 31 December 2020 Charity Registration No. 1090441 Company Registered in England No. 04231843
Ten-Em-Be orts Develo ment Centre Status.. Company limited by ouaraniee no.04231843 Charity registration no.- 1090441 The Company's governing document is its MemoranduTn and Articles of Association dated I l June 2001 as amended 28 January 2002 Reglstered OfFice= 120A Old Bromley Road Downham Bromley, BRI 4JY Trustees= Donald Fairman Jennifer Dussard Frank Stanislaus Eugene Dussard Paul Palmer Richard Baillie Independent examiner: Shruti Soni FCCA FCIE Shruti Soni Ltd Chartered Certified Accountants 117a St. John's Hill Sevenoaks TNI 3 3PE
Ten-Em-Bee orts Dev ment ntre Trustees, Report for the year ended 31 December 2020 The trustees present their port and the financial statements for the year ended 31 December 2020. This is a directors, report required by s417 of rhe Companies Act 2006 and all trustees are directors. This Trusiees Report and the associated Financial Starements have been prepared in accordance with guidance for preparing Charity Accounts and Reports presented in "Accounting and Reporting by Charities.. Starement of Recommended Pracbce" and are therefore in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (effective l January 20191- (Charities SORP FRS 1021 together with The Companies Act 2006 and the requiremenrs of the Memorandum & Articles of Association. Objectlves and Artlvities The objecis of the charity are for the public in the Downham area of the London Borough of Lewi5ham and the adjacent neighbourhoods. to advance education and to provide and assist in the provision of. facilities for recreation in the interests of social welfare and so that the conditions of life of the beneficiaries may be improved. The main objectives and aciivities focused on the promorion of the Education and Sport Development Programme which enables young people who may, or have under achieved at school and excluded from mainstream sport. Achievements and Performance We currently have one (I I staff member (facilities operations manager and onell) groundsman contractor, l O volunteers and six (6) trustees. There is currently one available place on the Board of Trustees. We continue to develop partnerships with the local community by holding free open training sessions for both boys and girls at Ten-Em-8ee every Saturday. The partnership is based on Ten-Em-Bee supporting groups with opportunities forcoaches EO participate in delivering coaching sessions to gain valuable experience as well a5 taking part in coaching cour5e5. There will also be opportuniiies for the group to have events at the faciliiiy. Agreement with Beckenham Cricket Club will see the development of youth Criiket during the summer weekday5 at Ten-Em-Bee. This will see undef I I s. 135 and 155 Cricket teams from the Nonh Kent junior league play weekday and Sunday morning cricket at the venue. This is the start of our longer term plan to see rhe continuing development of youth cricket at Ten-Em-Bee Sport Development Centre. Our qualified coaches continue to work with local schools in the area to promote sports and help in their well being. The Ten-Em-Bee youth football development program continues to develop with 14 youth teams now created. This includes 14 youth teams from under 8s to under 14s. Ten-Em-Bee also have one senior team in the Kent Country League. who won the London junior Cup. The coaches education program will continue to be delivered by qualified FA Coaches who have their Level l and 2 SafeguardKng Children and First Aid Certificates. The srudents will be monitored and evaluated through various skill tests. drills training, and competitive rnatches.
Ten-Em-Bee S ort Develo ment Centre Trustee5' Report for the year ended 31 December 2020 Ten-Em-bee have also spearheaded rhe Lewisham Football Partnership with HF Sports Paulista and Moonshot. This will involve creation of a further two teams at Under 15s and Under 16s level playing in the Kent Youth League. These youth teams will come under the LewÈsham Borough name, but home games played at Ten-EM-Bee. The Lewisham Foorball Partnership at senior level will incorporate both, Lewisham Borough Football Club and Forest Hill Park Football Club, who both play in the SCEFL League and use Ladywell Area as their Home Ground. Although we have not yet created a girls football team, during the season Millwall girls under 145 and under 165 football teams use the facilities for some of their home fixtures. Structure. Governance and Management The organisation is a charitable company limited by guarantee. incorporated on I l June 2001 and registered as a charity on 5 February 2002. The Memorandum of Association sets out the company's objects and powers. The operation of the company is governed by its Articles of Association. The organisation is governed by a Board of Trusiees elected by the meTnbers. In the eveni of the company being wound up, the members of the Chariry guarantee to contribute an amount not exceeding £1 to the assets of the company. Public Benefit The Trustees confirm that they have read the Chariry Commission guidance on public benefit. The publlc benefit is applied in two principal ways. First, members of the public have the opFx)rtunity to enhance their qualiry of life and sense of well-being through engagement with and participation in attivities and events that bring people together. leading to improvements in physical and emotional well-being. quality of life and a more stable and cohesive community. Secondly. the direct benefit that flows from this is the increased efficiency and effectiveness of the community and voluntary groups and organisarions that use the facilities. resulting in enhanced outcomes and service delivery and, consequently, an improved quality of life for those who benefit from the work of these groups and organisations. The public benefits that flow from thi5 are in an enhanced environment, leading to improved health and a better qualiry of life for the public. Financial Review The charity had a surplu5 for the year of £21 .631 {2019-. £11 .6431. The Charlty's total income for the year was £77,030 (2019- £83,843). Its expenditure for the year stood at £55,399 12019.. £72,200) Prin alF in our s The principal funding sources for the charity IS the hiring sales, and letting of the sport facilities. the function room and social areas including the café i bar. The trustees may need to consider an increase of 5% to some se¥vices Cost in 2020 to cover the increase to our expenditure for repairs. materials and event banking cosi. Rese esP The policy of the Trustees is to maintain such reserves as will ensure the long terni viability of the Charity and enable it to fulfil its objects for the foreseeable future. Trustees consider it reasonable to maintain six months running c05t as reserves which are estimated to be approximately £20,000. Unrestricted serves are available. at Ihe discretÉon of the Trustees. to further the general objerts of the charity. The unrestricted funds available to the charity as at 31 December 2020 were £48,279 {2019'. £45,793).
Ten-Em-Bee S orts Develo men entre Trustees. Report for the year ended 31 December 2020 This ha5 been achieved by Identifying such risks where p055ible, minimising them and making sure any harm that might arise is of a minor consequence to the carrying out of such purpose. Goin Concern The Trustees are satisfied that the Charity will continue to be a going concern for rhe foSeeable future. We believe there will be a short term adverse effect on the Charity due to COVID-19. At present, our finance is in fair health. so we will be able 10 override any loss of income due to COVID-19, but will be looking to reduce any unnecessary expenditure until we are able to start generating more income again. The other step would be to look at what the govemment is offering in support for charities. The effects of COVID-19 on the business will continue to be monitored. Statement of Trnstees. Rtsponslbillties The trustees (who are also directors of the charitable company for the purposes of company lawl are responsible for preparing the Trustees. Annual Repon and the financial statements in accordance with applicable law and United Kingdom AccountiFJg Standards (United Kingdom Generally Accepted Accounting Practice). Company law require5 the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of re50urces. including the income and expendiiureof the charitable company for that period. In prepar5ng these financial statements, the trustees are required to.. al select suitable accounting policies and apply them collsistently- bl observe the methods and principles in the Charities SORP.. c) make judgments and accounting estimates that are reasonable and prudent- dl state whether applicable UK accounting standards have been followed. subjert ro any material departures disclosed and explained in the financial statements.. el prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy ai any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable sieps for the prevention and detection of fraud and oiher irregularities. This report. which has been ppared in accordance with the special provision5 relating 10 companies Subject to the small companies regime within Part 15 of the Companies Act 2006. was approved by the Boardoni4 IyglyLI and signed on it5 behalf. Trus Name..
Independent Examiner's Report to the Trustees of Ten-Em-Bee Sports Development Centre I report on the financial statements of the company for the year ended 31 December 2020 as set out on pages S to l 5. Re5ponslbllities and basls of report As the charity trustees of the company (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having satisried myseii that tne accounts or ine company are not requirea to De auaitea unaer vart 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your company's accounts as carried oui under section 145 of the Charities Act 2011 I'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 1451511b) of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm that no rnatters have come to my attention in connection with the examination gFving me cause to believe that in any material respect: accounting records were not kept in respect of the company as required by Section 386 of the 2006 Acr; or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view. which 15 not a matter considered as part of an independent examination- or the accounts have not been prepared In accordance with the methods and principles Ot the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns 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 accounts to be reached. Shruti Sonl FCCA FCIE Shruti Soni Ltd • Chartered Certified Accountants 117a St. John's Hill Sevenoaks TNI 3 3PE Date. 2710 713o&l
Ten-Em-Bee Sports Development Centre Statement of flnanaal actmties (incorporating an income and expenditure account) For the ar ended 31 Detember 2020 2020 Total Unrestricted Restricted 2019 Total Unrestriaed Restritted Note Income from- Donations and legacies Charitable activities Youth sports development programme Other trading activities Investments - bank interest Other - bank charges refund 49,150 49.150 600 600 5.817 14.223 5.817 14.223 41 7.799 20.358 62,836 49 20.358 62,836 49 7.799 Total income 77.030 77.030 83.843 83,843 Expendlwre <m: Raising funds Charitable activities Youth and General Sports development programme 199 217 217 55.009 191 55.200 71.728 255 71,983 Total expendlture 55.208 191 55.399 71,945 255 72.200 Net movement in funds 21.822 1191) 21.631 11.898 12551 11,643 Reconcillation of funds: Total funds brought forward 45.793 1.039.462 1.085.255 33,895 1.039.717 1,073.612 Total funds carrled fornrd 67,615 1.039,271 1.106,886 45.793 1,039,462 1,085,255 All of the above results are derived from continuin9 arrities. There re Other recognbsed gains or losses otheT than those stated above. Mtsvements in funds ire disclosed in Noie 17 to the financial Statements.
Ten-Em-Bee Sport5 Development Centre Company no_ 04231843 Balance sheet mber 202 2020 2019 Note Fixed assets= Tangible asseis 1.044.870 1,043.401 1.044.870 1.043.401 Current assets: Siock Debtors Cash at bank and in hand 705 1.090 61.890 ,543 4.470 40.536 63.685 46.549 Llabllities: Creditors.. amounts falling due within one year 1.669 4,695 Net current assets l (liabilities) 62,016 41.854 Total net assets l (liabilities) 1.106.886 1,085.255 The funds of the charlty= Restricied income funds Unrestricted income fLsnds'. Designated funds General funds 1.039.271 1.039.462 13.737 53.878 13.737 32.056 Total unrestricted funds 67,615 45.793 Total tharlty funds 1.106,886 1,085,255 FOY the year ending 31 December 2020. the company was entitled to exemption from audÈt under 5ertion 477 of the Companies Act 2006 relating to small companies. Trustee< Responsibilities: - The members have not reqUId the companytoobrain an audit of its financial statementsfor the year tn question In accordance with settion 476 - The trustees acknowleilge their responstbility for Comping the requirements of the Act with respect to xcounting records and the preparation of financial statements. These financial statement5, whCh have been prepared in accordante wtth the special provisions relaling to the small cornpanies gIMe WIthn Part 15 of the Companies Acl 2(K)6 and in accordance with the Financial Rewjrting Standard applicabte in the UK and RepublK of Irand IFRS 1021 leffeclive I january 20151. wère approved by the Board on ty109 Iz6LI Trustee Narne.. Datè.. P fr //2iq4 14- QEF Za LJ
Ten-Em-Bee Sports Development Centre N(xes to the financlal 5totements ar ended 31 December 2020 l Accounting polioes a) Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice appl[ble to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191- (Charities SORP FRS 102). the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Ten-Em-Bee Sports Development Centre is a charitable company limited by guarantee registered in England with registration number 04231843. lis registered office address is 120A Old Bromlev Road. BRI 41Y. The accounts are Dresented in GBP rounded to £1 . Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. bl Rrfonclllatlon prevlously Generally Accepted Accounting Practice (GAAP) In preparing the account5, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was required. No such restatement is considered necessary. The transition date was l January 2015. c) Publlc benefit entity The charitable company meers the definition of a public benefit entity under FRS 102. dl Going concern The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. Key judgements that the charitable company has made which have a significant effect on the accounts include estimation of net realisable value of fixed assets. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. e) Income Income is recognised when the charity has entitlement to the funds, any performance conditions attached io the tncome have been met, it is probable that the income will be received and that the amount can be measured reliably. Income from government and oiher grants. whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance condition5 attached to the grants have been met. it is probable that the income will be received and the amount can be measured reliably and 15 not deferred. Income received in advance of the prowsion of a specified ser4ice is deferred until the criteria for income recognition are met. n Donations of gifts. services and facilities Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefii from (he Lbse by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP IFRS 102). volunteer time is not recognised so refer to the trustees. annual report for more infom7ation about their contribution. On receipt, donated gifts. professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the chartty would have been willing to pay to obtain services or facilities of equtvalent economic benefit on the open market- a corresponding amount is then recognised in expenditure in the period of receipt.
Ten-Em-Bee Sports Development Centre Notes to the financlal statements For the ar ended 31 Decernber 2020 l Accounting polides (cominued) Interest receivable Interest on funds held on deposlt Is included when receivable and the amount can be measured reliably by the charity.. this is normally upon notification of the interest paid or payable by the bank. g) Fund accountlng Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meet5 these criteria is charged to the fund. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted funds earmarked by the trustee5 for patTicular purposes. h) Expenditure Expendiiure is recognised once there is a legal or constructive obligation to make a payment to a third party. it is probable that settlement Mll be required and the amount of the obligarion can be measured reliably. Expenditure is classified under the following activity headings- Costs of raising funds relate to the cost5 incurred by the charitable company in inducing third parties to make voluntary contributions to it. as well as the cost of any activities with a fundraising purpose Expenditure on chariiable activities includes the costs of performances and choral singing activties undertaken to further the purposes of the charity and their associated support costs • other expenditure represents those items not falling into any other heading D Allocatlon of 5UPPOrt costs Resources expended are allocated to the particular activity where the c05t relates direcrly to that activity. However, the cost of overall direciion and administrarion of each activity. comprising the salary and overhead costs of the central function, is apportioned on an estimate, based on staff time and number of teams. of the amount attributable to each activity. J) Operatlng leases Rental charges are charged on a straight line basis over the term of the lease. k) Tangible fixed assets Item5 of equipment are (apitalised where the purchase price exceeds £500. Depreciation costs are allocated to activiries on the basis of ihe use of the related assets in those activities. Assets are reviewed for impairment if circumstance5 indicate rheir carrying value may exceed their net realisable value and value in use. Improvement to premises date back to 2003-2004. These include cosr of construction for building facilities and improvements to land and pttches amon9 orher things. Due to the historic nature of these costs it is impracticle to reasonably estimate the the costs of building facilitie5 alone for accounting and depreciation purposes. Given that improvement to premises mostly consists of land the trustees believe that the net realisable value of the premises can be reasonable estimated to be the same a5 Cost and hence consider thai there is no needs to provide depreciation. Depreciation is provided at rates calculated to write down the c05t of each asset to its estimated residual value over its expected useful life. The depreciation rate5 in use are as follows= 2 5% on reducing balance Fixtures. fittlngs and Equipment
Ten-Em~Bee Sports Development Centre Note5 to the flnancial statements For the ended l December 2020 l Accountlng polldes (contlnued) l) St¢xks Stocks are stated at the lower of cost and net realisable value. In general, cost Is derermined on a first in first out basis and includes transport and handling costs. Net realisable value is the price at which stocks can be sold in the normal course of business after allowing for the costs of realisation. Provision is made where necessary for obsolete. slow moving and defective stocks. Donated items of siock, held for distribution or resale, are recogni5ed ai fair value which is the amount the charity would have been willing ro pay for the iteffl5 on the open market. m) Debtors Trade and other debtors are recognised at the setrlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. n) Cash at bank and in hand Cash at bank and cash in hand includes cash and short temi highly liquid investments with a short maturity of three months or less from rhe date of acquisition or opening of the deposit or similar accoL5nt. Cash balances exclude any fund5 held on behalf of seryice users. o) Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably SuIt in the transfer of fund5 to a third party and the amount due to serile the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. The charity only has financial asseis and financial liabilities of a kind thai qualify as basic financial instruments. Basic financial instruments are initially recognised at rransartion valLte and subsequently measured at their settlement value with the exception of bank loans which are subsequently Fneasured ar amortised cost uslng the effective interest method. 2 Income from donatk)n5 and legaaes 2020 total Total 2019 Total Unrestricted Restricted Spons Bursary Grani Donations Government COVID grant 500 20.000 28.650 500 20.000 28.650 600 49,150 49,150 600 All income in 2018 was unrestricted 3 Income from charltable actlvitles 2020 Total 2019 Total Unrestricred Resrricted Youth sports development programme Football Fees 5.817 5.817 20,358 Total income from charitable acrivities All income in 2019 was unrestricted 5,817 5.817 20,358
Ten-Em-Bee Sport5 Development Centre Notes to the financial statements For the aren l Decernber 2020 4 Income from other tradlng acttvSties 2020 Total 2019 Total Unrestritted Restricted Sportslhall hire facilities Bar and café income (note 5) TenEmBee Social Dance fundrasing event 7.110 5.589 1.524 7.110 5.589 1.524 28,055 29.691 5,090 14.223 14.223 62,836 5 Bar and café Income 2020 Total 2019 ToEal Unrestricted Restricted Bar and café sale5 Opening Stock Puchases Closing Stock 13.200 11.5431 (6.7721 704 13.200 11.543) 16.772) 704 52.470 {1 5431 122,7791 1.543 Gross Margin 5,589 5,589 29.691
Ten-Ern-Bee Sports Developrnent Centre ber2 6 Ana515 of expenditure Youth and General Sports development programffle C05t of ising Funds Support costs 2019 Total 2020 Total Staff costs INote 8) Advertising Bank Charges Cleaning Consultsncy Fees Depreciation Equipment Hire Finance Inreresi General Expenses Ground Malntenanc Independent examination Insurance entes. Subscrlpiion & Registration Costs Minibus ExpEfises Renr. Rate5 & Utilities Repairs & renewal Sports Equipmerlt, Consumables & fee5 6.106 6.106 199 336 1.248 2.251 1,176 ,320 6.000 217 1,374 3,4Tr0 336 1.248 2,251 1.176 1,568 1,043 1.320 4,646 4,646 8.440 1.300 5.160 1.351 1.124 8.666 8,4S3 3,623 2.131 14.287 1,281 4096 998 1,293 17,512 8,238 8,752 8.440 1,300 5.160 1.351 1.124 8,666 8.453 3,623 199 21.964 33.236 55.399 72,200 Support costs 33,236 133.236) expenditurt 2020 199 55.200 55.399 72.200 Of the total expendituie. £55.208 wa5 unrestriaed 12019." £71.945) and £191 was restricted 12019.. £2551. Anatysls of experthre for 2019 Youth and GÈnÈrat Sports development Cost of raising fund5 Support costs 2020 Total staff costs INe 81 Adverrising Bank Chai9ÈS Cleaning Consultancy Fees Depreclatlon Equipment Hire Finance Interest General Expen5e5 Gfound Maintenance Independeni examlnation InsuTance Licence5. Subscripiion & Registration Costs Mirkibu5 Expenses Rent. Rates & Utilrtie5 Repairs & ionewal SkK)rr5 Equipmenr, Coftsumable5 & fÈÈs 6.000 6.000 217 1,374 3.410 217 1.374 3.410 1.568 1.568 1,043 1,043 2,131 14.287 14,287 1.281 4.096 998 1,293 17.512 8.238 8,752 1.281 4,096 998 1,293 17.512 8,238 .752 217 32.373 39,610 39.610 139.6101 72.200 Support costs Total oxpenditure 2019 217 71.983 72,200
Ten-Em-Bee Sports Development Centre Notes to the financial statements For the ar ended 31 December 2020 7 Net Incoming resources for the year This is stated after charging I crediting: 2020 2019 Depreciation 1.176 1,568 8 Staff cost. Trustee remuneration and expenses Staff costs were as follows= 2020 2019 Salaries and wages Social security Costs 6,000 132 6,132 6.000 No employee earned more than £60,000 during the year12019= nill. The charity trustees were nor paid or received any other benefits from employment with the charity in the year12019.' £nil). No charity trustee received payment for professional or other seNlces supplied to the charity12019= £nill. No trustees were reimbursed any expenses incurred in relation to their duties as trustees (2019- nil) The Chariry employs one part time staff. The trustees take part in the day to day running and management of the Charity 9 Staff numbers The average number of employees (head count based on number of staff employed) during the year was as follows= 2020 2019 No. No. Charitable activities l O Related party tran5actTons There are no related party transactions to disclose for 202012019= none). There are rEO donations from related parties which are outside the normal course of business and no restricted donarions from related parties. I l Taxatlon The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
Ten-Em-Bee Sports Development Centre Notes to the firwKial statements Fort ar ended 31 December 2020 T 7 Movements In funds (comlTrued) Incoming resources & gaills Outgoing resources & losses At31 December 2019 At l January 2019 Transfers Restrlcted funds.. Premises Émprovement and fixtures and equipments 1.039,717 12551 1.039.462 Totsl restricted funds 1,039,717 12551 1,039,462 Unrestricted fvnds: Deslgnated fvnd5= ASTRO turf 13.737 13.737 General funds 20.158 83.843 171.945) 32,056 Total unrestrlcted funds 33.895 83,843 171.945) 45,793 Total funds 1.073.612 83,843 172,200) 1.085.255 Purposes of restrirted funds Resrricted funds represents the amount equal to the net book value of Premises improvement and Fixtures and equipment funded through restricted (apital grant in ealier years. Purposes of designated funds Due to the recent uncertainties surrounding COVID 19 the tnjstees decided to not ser aside any funds for improvements to A¥tRO truf ar the end of its life in the near future. 18 Legal status of the charlty The charity is a company limited by guarantee and has no share capital. The liabiliry of each member in the event of winding up is limited to £ l.
Ten~Em-Bee Sports Development Centre Notes to the financial ststements For the ar ended 31 December 2020 16 Analysls of net assets betwten funds General unrestricted Designated Restricted Totsl funds Tangible fixed assets Net current assets 5,599 48,279 1,039.271 1.044.870 62.016 13,737 As at year ended 31 December 2020 53.878 13.737 1.039.271 1.106,886 General Designated Restricted Total fund5 Tangible fixed assets Net current assets 2,891 29.327 1,040,511 1.043,401 41.854 12.527 As at year ended 31 December 2019 32,218 12,527 1,040.511 1.085,255 17 Movements In funds Incoming resources & gains Outgoing resources & losses At31 December 2020 At l January 2020 Transfers Restrlcted funds.. Premises improvement and fixtures and equipments 1,039.462 1,039,271 Total restrirted funds 1.039.462 (191) 1.039.271 Unrestrltted fvnds: Designated funds= ASTRO turf 13,737 13.737 General funds 32,056 77.030 (55.2081 53,878 Total unrestrirt*d funds 45,793 77,030 155,2081 67.615 Total funds 1.085,255 77.030 {55.3991 1.106,886