Ten-Em-Bee Sports Development Centre A Company Limited by Guarantee Charity Registration No. 1090441 Company Registered in England No. 04231843 Report and Unaudited Financial Statements For the year ended 31 December 2021
Ten-Em-Bee S orts Develo ment entre Status: Companv limited by ouaraniee no.04231843 Charity registration no.: 1090441 The Company's governing document 15 its Memorandum and Articles of Association dated I l June 2001 as amended 28January 2002 Registered Office: 120A Old Bromley Road Downham Bromley, BRI 4JY Trustees: Donald Fairman Jennifer Dussard Frank Stanislaus Eugene Dvssard Paul Palmer Richard Baillie Independent exarniner: Shruti Soni FCCA FCIE Shruii Soni Ltd Chartered Certified Accountants 117a St. John's Hill Sevenoaks TN13 3PE
Ten-Em-Bee S orts Develo men entre Trustees. Reporr for the year ended 31 December 2021 The trustees present their report and the financial Statements for the year ended 31 December 2021. This is a directors. report requlred by s417 of the Companie5 Att 2006 and all trustees are directors. Thls Trustees Report and the associated Financial Statements have been prepared accordance with guldance for preparing Charity Accounts and Reporrs presented in"AccountKng and Reporting by Charities.. Statement of Recommended Practice- and are therefore in accordance wilh the Finarscial Reporting Standard applicable in the UK and Republlc of Ireland leffecrive l January 2019) (Chariiies SORP FRS 1021 together with The Companie5 Act 2006 and the reouirernents of MemoTandum & Articles of Association. Objecthes and Actlvltles The object5 of the charity are for the public in the Downham area of the London Borough of Lewisham and the adjacent rleighbourhoods. to advance education and to provide and a5$1St in the provision of. facilities for recreation in ihe interests of welfare and so that ihe c(K)ditions of life of the beneficiaries rnay be improved. The main objectives and activities focused on the promotion of the Education and Sport Development Programme which enable5 young people who may. or have under achieved at school and excluded ffom mainstream sport. Achievements and Perforfflance We currently have one 111 skff member Ifacilities operatsons manager and one 11 I groundsman contractor, l O volunieeTs and six 161 trustees. There is currently one aVailae place on the Board of Trustee5. We continue to dÈvelop partnerships Trmth the local community by holding free open trainiag sessions for both boys and girls ar Ten-Em-Bee every Saturday. The partneTship is based on Ten-Ern-Bee suppofting group5 Wlth opportunitie5 forcoaches to participate in dÈlivering coaching 5ession5 to gain valuable experience as well as iaking part in coaching courses. There wlll a150 be opportunities for the gTOUP to ha events at the facil¥tiy- Agreement with Beckenham Cricket Club w511 see the development of youth Cricket during the summer weekdays at Ten-Em-Bee. This wlll see under I I s. 13$ and 15$ Cricket teams from the North Kent junior league play weekday and Sunday morning cricket at the venue. This ss the start of OUT longer term plan to see ihe continuing developmeni of youth crlckei at Ten-Em-Bee Sport Development Cenire. Our qualified coache5 Conlinue to work with local Schools in the area io promote sports and help In their well being. The Ten-Em-8ee youEh footbaS1 development program continues to develop with 14 youth teams ntsw created. This includes 14 youth teams from under 8$ to under 14$. Ten-Em-Bee also have one sellior team in the Kent Country League. who won ihe London junior Cup. The coaches education program will contTnue to be delivered by Qualified FA Coaches who have their Level l and 2 Safeguarding ChildTen aThd FSrst Atd Certificates. The studeTht5 will be mortltored and evaluated thr¢)ugh vartOU5 skill tests. drills trainin9, and competitive matches.
Ten-Em-Bee S orts Develo nt Cen re Trustees. Report for the year ended 31 December 2021 Ten-Em-bee have also spearheaded the Lvwisham Footba]I Partnership with HF Sports Paulista and Moonshot. Thls will involve creation of a further trlo teams * Under 15s and Under 16s level playing in the Kent Youth League. These youth team5 11 corne under the Lewisham PA)fough name. bui home games played at Ten-EM-8ee. The Lewisham Football Partnership ai senior level will incorporate both. Lewi5ham Borough Football Club and Forest Hill Park Football Club. who both play in the SCEFL League an<J use Ladywell Area as thelr Home Ground. Althouyh we have not yet created a girls football ieam. during the season Millwall girls under 14s ard under 165 football teams use the faciliries for some of iheir home fixtures. Structure, Govemance and Management The organisation is a charitable company lilnited by guarantee. inco¥p)rated on I l June 2001 and registered as a charity on 5 February 2002. The Memorandum of Ass¢xiation se15 Out the company's objects and power5. The operation of rhe company Is governed by its Arricles of Associatitsn. The organisation is governed by a Board of Trustees elected by the metnbers. In the event of the company betng wound LIP. the members of the Charity guarantee io contribute an amouni not exceedirtg £1 to the assets of the company. Publlc 8enefit The Trustee5 confirm that they have read the Charity Commission guidance on public benefit. The public benefit is applied in two principal ways. First. rnembers of the public have ihe opportuniry to enhance thetr quality of life and sense of well-being through engagement with and participation in attwitie5 and events that bring people together. leading to improvement5 in physical and emotional well-being. quality of life and a more stable and cohesNe community. Secondly. the direct benefit that flows from this is the increased efficiency and effectivene55 of the cornmuniry and voluntary yroup5 and organisarions that use the facilities. resulting in enhan£ed outcomes and seNce delivery and. conseqveTr1, an improved qualiry of life for ihose who benefit from the work of these groups and organisations. The public benefit5 that f (M from this a In an enhan£ed environment. leading to improved healih and a better quality of life for the publiL Flnancial Review The charity had a Surplus for the aT of £34,939 12020: £21.6311. The Charivs total income for the year was £109.366 12020." £77.0301. Its expenditure for the year stood at £74.427 12020". £55.3991 EllE&The priDcipal fttnding sources for Ihe charity 15 the hiring sales, alld letting of the 5POrt facilitie5, the funttion loom and socsal areas including the café I bar. The tfUStees may need to COll5ider an Increase of S% to sorne seNices cost in 2020 10 cover the increase to our expenditure for repairs. materia15 and event banking cost. e&2[¥0P0llThe policy of the Trustee5 15 10 maintain such reseryes as will ensure the long term viability of the Charity an(J enable it to fulfil 115 objects for the foreseeable futtxre. Trustees consFder it reasonable to maintain slx months running c05t as reserves which are estimated to be approximately £20,000. Unrestriaed reserves are available, at the discretion of the Trustees. 10 fvrther the general objects of rhe tharity. The unTestricte¢J funds available to the charity as at 31 December 2021 were £102.698 12020-. £67,615). In carrying oui the charity's purpose to achieve public benefit the Trustee5 have mar4aged risk of deiriment or harm 10 the charity's beneficiarie5 Of to ihe public in general (which they feel 15 minimall.
Ten-Em-Bee S orts Devel ment entre Trustees. Report for the year ended 31 December 2021 This has been achieved by identifyin9 such risks where posslble. minimising Ihem and makirt9 sure any harrn that mlght arise is of a minor ionsequeftce io the carfying Out of such purpose. The TTUStees are s*i5fied that the Charity will continue to be a goin9 concern for the foreseeable future. There was no Ion9-term adverse effecr on the Charity due io COVID-19. At present. our finance is in fair health, so we VAII be able to o¥erride any kn55 of income due to COVID-19. but wll still be Iking to reduce any vnnecessary expendtture until are fully operational a9ain. The help from rhe go¥ernmeni 9rants has helped to keep the Charity operation running. The effecEs of COVID-19 on the business will continue to be rnItOred. but at present. Ihings look posltive going foard. Starement of Tnjstees. ReSponsIlitieS The tn15tees Iwho are a550 direaors of the Chitable company for the purposes of compar)y lawl are responslble for prepari9 the Trustees, ATrU Report and the financial statements in accordance with applicable law amd United Kingdom Accounting Standards (United Kingdom Genera15y Accepted Accountirtg Pratticel. Company law requires the trustees to prepare financial statements for each financial year whlch give a true and fair view of the state of affairs of the charitable company and of the incorning resources and application of fesources, Including the income and expendiwreof the charfjtable company for that period. In parIng these flnancial stttements. the trustees ao required tr): al select 5Ultable accountthng policie5 aftd app them consistently. bl observe the meihods an(J principle5 in the Charlties SORP.. cl make judgrnents and accounting estimates that are reasonable and prudent; d) state whether applicable UK accounting Standards have been follofftd, sybject to any material departures disclosed and explained In the financial statements., e) prepare the f¢nancial statements on the 90ing concern basis unle5$ It is inappropriate to presume that the charitable company wll continue in operation. The trustees are re5pon5ible for keeping adequaie aicounting records Ihat disclose with reasonable accuracy at any time the financial p05ttFon of the charitable compaFW and enable them to ensure ihat the financi statements comply with the Companies Act 2006. They are 50 resFJ)nsible for safeguarding the assets of the charitable company and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. This report, which has beeA prepared in accordance the special provisions relatin9 to companies sub the sm311 companies regime within Part I S of the Companies Act 2006. was approved by Ihe Board on t3 and signed on its behf. ett Tru5 Name".
Independent Examiner's Report to the Trustees of Ten-Em-Bee Sports Development Centre I report on the financi31 ststements of the company for the year ended 31 December 2021 as set out on pages 5 to IS. Re5ponslbilities and basks of report As the charity trustees of the company land also it5 director5 for the purposes of company lawl you are responsible for the preparation of the accoL¢nts in accordance with the requirements of the Companies Art 2006 I'the 2006 Att'l. Having 5atisfiea myseir tnat tne accounTS or tne company are not requireo io De auorte(J unoer vart I b OT the 2006 Act and are eligible for independent exaInatIon. I repon tn respert of my examlnation of your company's accounts as carried out under settion 145 of the Charities Act 2011 I'the 2011 Art'l. In (arrying out my examination S have followed rhe Directions given by the Chartty Commi55ion under section 145151(bl of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me (au5È to believe that in any material respect.. accounting records were not kept in respect of the company as required by section 366 of the 2006 Act., or the accounts do not accord wirh those records- or the accounts do not comply with the accounting requirements of section 396 of the 2006 Att Other than any reqkjirement thar the accounts give a 'true and fwr vie%rf which is not a maller considered as part of an Independent examinaiion- or Ihe accounts have not been prepared in accordance with the metkods and principles ot the Staiemeni of Recomrnended Prartice for accounting and reporting by charities lapplicable io £hariiies preparing their a£counts in accordance with the Financial Reporting Standard applicable in the VK and Republic of Ireland (FRS 1021. I have no concern5 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 undersiandÈng of the account5 to be reached. Shru i 5onl FCCA FCIE Shrutl Soni Ltd • Chartered Certified Accountants I l 7a Si. John'5 Hill Sevenoak5 TNI 3 3PE Date.. Nld.-
Ten-Em-Bee Sports Development Centre Statement of flnancial activlties (incorporating an income and expenditure account) ear ended 31 December 2021 2021 Total Unrestricted Restricted For the 2020 Total Unrestricted Restricted Note Income from". Donations and legacies Charitabl& activities Youth sports development programme Other trading activities Investments bank inieresr Other- bank charges refund 66,488 10,050 76.538 49,150 49,150 6.632 26,191 6.632 26.191 5.817 14,223 41 7.799 5,817 14,223 dl 7,799 Total income 99.316 10.050 109,366 77.030 77.030 Expenditure on: Raising funds Charitable activities Youth and General Sports development programme 199 199 191 64,233 10.194 74.427 55,009 55,200 Total expenditure 64.233 10.194 74.427 55,208 191 55.399 Net movement in funds Reconcillation of funds: 35,083 (1441 34.939 21.822 11911 21.631 Total funds brought forward Total funds carrled forward 67,615 1.039.271 1.106.886 45.793 1.039,462 1 ,085.255 67,615 1.039.271 1.106,886 102,698 1,039,127 7.141.825 All of the above results are dertved from continuing actmties. The were no other recogni5ed gains or losses other than those stated above. Movements in funds are disclosed in Note 17 to the financial statement5.
Ten-Em-Bee Sporr5 Development Centre Company nts. 04231 843 galance sheei As at 31 Decem r2021 2021 2020 Flxed a55ets". Tangible assets 72 1.045.893 1,044.870 1,045.893 1,044,870 Current assds.. Stock Debtors Cash at bank and in hand 1.780 4,841 94.988 705 1.090 61,890 101.009 63.685 LlabIlle$'. Creditors.. amounts fallng due wthin one ye4r 5,077 1,669 Net current assets I Iliabllltiesl 95.932 62.016 Tota] net assets I Illabllltlesl 1.141.825 1,106.886 The funds of the £hartty= Restricted income funds Unrestricted income fund5. Designated funds General funds 1.039,127 1.039,271 13.737 88.961 13.737 53.878 Total unrestrlcied funds 102.698 67.615 Total chartty funds 1.141,825 7.106.886 For the year ending 31 December 2021, the companywas etled io exemption fiom audit under section 477 of the Companles ACE 2006 relating EO small companies. Trustee5' Responskbllltles= The mernbers have not required Ehe company ro ¢)btain an audit of its financial staiemerbts for the year in question in accordance with section 476 The trustees acknowledge the¢r responsibility for compn9 with the requirements of the Act with respect to accountln9 records and the preparation of finanrial statements. These financlal statements. which have been prepared in accordance wirh thè special pro${05 felating to the small companies regime within Part 15 of the Companies Art 2006 and in actordance wth the Financial Reporting Standard applicable in the UK and Re¥xl of Ireland (FRS 1021 leffettive l January 20151, *re approved by the Board on -.2022 and siytted on its behalf . TNstee Narne.. Datè". rJ ffi//2mhi -L
Ten-Em-Bee Sports Development Centre Notes to the financial statements For the ear ended 31 December 2021 l Accountlng policies a) Basis of preparatlon The financial statements have been prepared in accordance with 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 1021 (effective l January 20191 Icharities SORP FRS 1021, 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 55 a charitable company limited by guarantee registered in England with registration number 04231843. Its registered office addre55 is 120A Old Bromlev Road, BRI 4JY. The accounts are presented in CBP rounded to £1. Assets and liabilitie5 are initially recognised at historical cost or transaction value unless othe1$e stated in the relevant accounting poliry or noEe. b) Public benefit entlty The chariiable company meets the definition of a public benefit entity under FRS 102. c) Colng concern The trustees consider that there are no materia] uncertaintles about the charitable companws 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 a55ets. The trustees do not consider thai there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrwng amounts of assets and liabilities within the next reporting period. d) Income Income is recogni5ed when the charity has entit5ement to rhe funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliablv. Income from government and other grant5, whether 'capltal' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met. it is probable that the Income will be received and the amount can be measured ieliably and is not deferred. Income received in advance of the prowsion of a specified seTvice is deferred until the criteria for income recognition are met. e) Donations of g1ft5, servlces and facilities Donated professional service5 and donated facilities are recognised as income when the charity ha5 control over the item or received the service. any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item 15 probable and that economic benefit can be measured reliably. lft accordance with the Charities SORP (FPS 102), volunteer time is not recognised so refer to the trustees, annual report for more information 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 chariry which ss the amount the chariry would have been willing to pay to obtain Services or facilities of equivalent economic benefit on the open market., a corresponding amount is then recognised in expendlture in the period of receipL
Ten-Em-Bee Sports Development Centre Notes to the flnanclal statements For the ear ended 31 December 2021 l Accountlng pollcles (contlnued) f) Interest receivable Interest on funds held on deposit 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. gl Fund accountlng Restricted funds are to be used for specific purp05e5 as l&d down by the donor. Expenditure which meets 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 unrestrirted fvnds earmarked by the trustees for particular purposes. h) Expendlture Expenditure is recognised once there is a legal or construttive obligation to make a payment to a third party, it is probable that settlement wll be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity heading5'. Costs of raising funds relate to The costs incurred by the charitable company in inducing third parties to make voluntary contributions to It, as well as the c05t of any activities with a fundraising purpose Expenditure on charitable activities includes the costs of performances and choral singing activties undertaken to further the purposes of the charity and their a550ciated support costs Other expenditure represents those item5 not falling into any other heading i) AllOCaOn of support costs Resources expended are allocated to the particuSar activity where the cost relates directly to thar activity. However, the cost of overall directson and administration of each activity, comprising the salary and overhead costs of the cenrral function. is appjrtioned on an estimate. based on staff time and number of reams, of the arnount attributable to each aciivity. Operating leases Rental charges are charged on a SIrght line basis over the terni of the lease. k) Tanglble fixed assets Items of equipment are (apitali5ed where the purchase price exceed5 £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Asset5 are reviewed for impairment if circumstances indicate iheir carrying value may exceed their net realisable value and value in use. Improvement to premises date back to 2003-2004. These include cost of construction for building facilities and improvements to land and pitches arnong other things. Due to the historic nature of these costs it is imprarticle to reasonably estimate the the costs of building facilities alone for accounting and depreciation purposes. Given that improvement to premises mostly conslsts of land the trustees believe that the nei realisable value of the premises can be reasonable estimated ro be the same as cost and hence consider that there is no needs to provide depreciation. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows." 25% on reducing balance Fixtures. ftttings and Equipment
Ten-Em-Bee Sports Development Centre Notes to the financlal statements For the ear ended 31 December 2021 l Accountlng policies (contlnued) l) Stocks Stocks are stated at the lower of cost and net realisable value. In general. cost is determined on a first in first out basis and includes rransport and handling costs. Net realisable value 15 the price at which stocks can be sold in the normal course of busine55 after allowng for the costs of realisation. Provision is made where necessary for obsoleie. slow mowng and defective stocks. Donated items of srock. held for distribution or resale, are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. ml Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are walued at the amoynt 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 term highly liquid investments with a short maturity of three month5 or less from the date of acquisition or openin9 of the deposit or similar account. Cash balances exclude any funds held on behalf of service users. o) Creditors and provisions Creditors and provisions are recognised where the charity ha5 a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estifflated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instrumenrs. Basic financial instruments are initially recognised at transaction value and subsequentlv measured at their settlement value with rhe exception of bank loans which are subsequently measured at amortised cost using the effettive interest method. 2 Income from donatlons and legacies 2021 total Total 2020 Total Unrestricted Restricted Sports Bursary Grant Donations Government COVID grant 10,050 10.050 37.826 28,662 500 20,000 28,650 37.826 28,662 66.488 10,050 76.538 49,150 All income in 2020 was unrestricted 3 Income from charltable acttvities 2021 Total 2020 Total Unrestricted Restrlaed Youth sports development programme Football Fees Other 4.138 2.494 4,138 2.494 5.817 Total income from charitable activities All income in 2020 was unrestricred 6.632 6.632 5,817
Ten-Em-Bee Sports Development Centre Notes to the financial statements For the ear ended 31 December 2021 4 Income from other trading artivlties 2021 Total 2020 Total Unrestricted Restricted Sportslhall hire facilities Bar and café income (note 51 TenEmBee Social Dance fundrasing event 16.716 9,475 16.716 9,475 7.110 5.589 1,524 26,191 26.191 14,223 5 Bar and café income 2021 Total 2020 Total Unrestricted Restricted Bar and café sales Opening Stock Puchases Closing Stock 20.702 {7041 (11.7031 1,180 20.702 (704) (11.703) 1.180 13,200 11.5431 16,772) 704 Gross Margin 9.475 9,475 5,589
TÈn-Em-Bee Sport5 Development Centre Notes to tht 5kntèmeThts r20 6 Anaty515 of expendliUTe Y(wih and General Cost OF Sporr5 raislng dek)pfflent furnls ogramme Support (0515 2020 Total 2021 Total Staff cogts INoTe 8 Advertising Bank Charges Cleanlng Websiie desIgn Consultancy Fee5 Deprectation Equlpmem Hlre General ExpÈnse5 Ground Mntenant@ Independ¢nt examlnation Insuranie Lkences. Subscription & Re9iStRDon COSES Mlnlbus Expenses rient. Rares & uiiltties Repalrs & tral Sports Equipment, Consurnables & fees 6.000 6.000 6,106 199 336 .248 1.864 6.134 634 2.399 1,864 6,134 634 2.399 1,61 4,773 9,347 1.300 5.407 1.276 1.279 9.061 12.215 2.251 .176 I,320 4,646 8,440 ,300 5160 1,610 4.773 9,347 1.300 5.407 1.276 1,279 1,124 8.666 8,453 3,623 9.061 12.215 30.622 43.805 74,427 55,399 Support $t$ 43.805 143.805) TO expenditure 2021 Of thE 10t expenditure. £64.233 was unrestriaed 12020.. £55.208) and £IO.194 was striaed 12020.. £1911. 74,427 74.427 55,399 na$1$ of oxpeothture for 2020 Youth an(f General Cost of r31slng fvrnls dÈveiopmeni &Jpport costs 2020Totsl Srdff cos¥s INOte 81 Adverrisln9 Bank Charges Cleaning Con5ulunry Fees Depreaarion Equipment Hlrt rinanie IntefesT General Expenses Ground f•laintertance Independent eMamItl#)tI Insurance cences. Substhpkn & Regi5Eraiion Costs Minibu5 Expenses Renr. Rates & Utllllles Repairs & renewal Sports EquipmenL ConsumablE5 & fees 6,106 6.106 336 1.248 2,251 1.176 336 1.248 2,251 1.176 1,320 1.320 4.646 4.646 8.440 1,300 1,3(N) 5.160 5.160 1,351 1.124 8.666 8.666 199 21.964 33.236 33,236 133.2361 55.399 5upporr cost5 Total expenditure 2020 199 55.200 55.399
Ten-Em-Bee Sports Development Centre Notes to the flnancial statements For the ended 31 December 2021 7 Net incomrng resour¢¢s for the year This is $ted after charging I crediting". 2021 2020 DepCiatIon 2.399 1,776 8 Suff cost, Trustee remuneration and expense5 Staff costs were as follows-. 2021 2020 Salaries and wages Social securlty Costs 6.000 132 6,000 6.132 No employee earned moTe than £60.000 during the year12020.' nill. The charity tru51ees were not paid or received any other benefits from employment wtth the charity in the year 12020.. £nill. No charity trusiee received payment for professional or other services stspplied to the charity12020-. £nill. No trustees weTe reimbursed any expenses incurred in relatiort to their dutie5 as twstees 12020.. nil) The Charity employ5 one part time staff. The trustees tske part in the day to day njnning and management of the Charity- 9 stsff numbers The average number of employees Ihead count based on number tsf staff employed) during the year was as follows-. 2021 2020 No. No. Charitable actiwties l O Related party transattions The are no related pa transacrions to disclose for 2021 12020.. none). There a¥e no donatiorts from relared parties which are outside the normal course of business and no restrlcied donations From related parties. I l Taxatlon The charitable company is exempt from corporation tax as all its tncoffle is charitable and is applied for charitable purposes.
Ten-Em-Bee Sports Development Centre Note5 tr• the financial statements For the ar ended 31 Decernber 2021 12 Tangible flxed assets Restrirted General Flxtures, FlxtUTes, fitting5 and fittlngs and equlpment equlpment Improvement to premlse5 Total Cost or valuation At the Start of the year Additions in year 1.038.696 76.279 26.234 3,422 1,141,209 3.422 At the end of the year 7.038.696 76.279 29.656 1.144,631 Depreciation At the start of the year Charge for the year 75,704 144 20,635 2.255 96.339 2,399 At the end of the year Nèt book value At the end of the year 75,848 22,890 98.738 1.038,696 431 6.766 1.045.893 At the start of the year 1,038.696 575 5,599 1,044,870 All of the aly)ve asset5 are used for charitable purposes. Improvement to premises date back to 2003-2004. These include cost of construction fof building facilttie5 and improvements to land and pitches among other ¢hings_ Due to the historic nature of these costs it is imprarticle tts reasonably esrirnate the the costs of building fa£ilities alone for accounting and depreciatson purposes_ Given that improvement to Premises mostly consists of land the iru5tees believe that the net realisable value of rhe premises on be reasonable estimated to be the same as cost and hen consider that there is no need5 10 Pfoyide depreciation. 13 Stock 2021 2020 705 705 Finished goods 1.180 705 14 Debtors 2021 2020 Trade debtors her debtors 1,390 3.451 1.090 4.841 1,090 I S Credltors: amounts falling due *thIn one year 2021 2020 144 275 1.250 Trade creditors Other creditors Accruals 3,577 1,500 5.077 1,669
Ten-Em-Bee Sporrs Development Centre Notes to the financial statements For the 16 Analysis of net assets beNten funds ar ended 31 De£ember 2021 General Un$trIC[ed Designated RestTiCted Total funds Tangible fixed assets Net curreni assets 6.766 82.195 1.039,127 1.045.893 95,932 13.737 As at year ended 31 December 2021 88.961 13.737 1.039,127 ,141,825 General Designated Restcted Total funds Tangible fixed assets Nel current asset5 4.360 49,489 1.040,511 1.044.870 62.016 12,527 As at year ended 31 December 2020 53.849 12.527 1.040,511 1,106.886 17 Movements In funds Incoming resources & gains OuigoiTrg resources & losses At31 Dtcember 2021 l January 2021 Transfers Restrlcted funds= Premise5 improvemenr and rtxtures and equiprnents LB Lewisham - Holiday ACttieS & Food programme .039,271 11441 1.039.127 10.050 110,0501 Total restricted fvnds 1.039.271 10,050 {10,1941 1,039.127 Unrestricted funds- Designated funds- ASTRO turf 13,737 13.737 Gèneral fvnd5 53.878 99.316 164.2331 88,961 Total unrestricted fvnds 67.615 99.316 164,2331 102,698 Total funds 1.106.886 109,366 174.4271 1,141,825
Ten-Em-Bee Sports Development Cenrre 14otes to the financlal sutements For the ar ended 31 December 2021 17 Movements In funds Icontlnuedl Incoming resource5 & Outgoing resources & losses At31 December 2020 At l January 2020 Transfers Restricted funds.. Premises improvement ane fixiure5 and eouipments 1,039,462 ,039,271 Total restricted fvrHIs 1.039,462 1,039.277 Unresvicted funds: Oeslgnated fvnds- AsfRO turf 13.737 3.737 General fvnds 32.056 77.030 155.2081 53.878 Total Unre$c£ed funds 45.793 77.030 155,2081 67,615 Total funds 1.085,255 77.05 (55,JYg1 1,1 Ob.8116 Purposes of restrltted funds Restfitted funds reDresents the amount equal to the net t*)ok value of Premises improvement and Fixtures and equipmeni funded ihrough restricted capital grant in eIer years. Purpose5 of designated funds Due ro the recent uncert&niie5 surrounding COVID 19 the trustee5 decided to not set aside any funds for improvements to ASTRO truf at the end of its life In the near future. 18 Legal status of th• charlry The charity is & company limited by guarantee and has no share capital. The liability of each member in the event of bwnding UD is limited to £1.