REGISTERED COMPANY NUMBER: 03160288 (England and Wales) REGISTERED CHARITY NUMBER: 1094579
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
Solihull Indoor Bowls Club Limited
Locke Williams Associates LLP Chartered Accountants c/o Blackthorn House St Pauls Square Birmingham West Midlands B3 1RL
Solihull Indoor Bowls Club Limited
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 to 7 |
| Notes to the Financial Statements | 8 to 17 |
| Detailed Statement of Financial Activities | 18 |
Solihull Indoor Bowls Club Limited
Report of the Trustees for the Year Ended 31 March 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and activities
The principal activity of bowling is substantially carried out by the company, which is the charity and, which is herein after referred to as the company. The facilities are provided by the two wholly owned subsidiary companies, SIBC Property Company Limited and SIBC Trading Limited. These companies are not themselves charities and trading activities are required to be maintained independently of the company as far as the structure allows. Nevertheless, as wholly owned subsidiaries their assets and profits are held in support of the purposes of the company, likewise the subsidiaries are fully supported by the charity during any loss making period should they arise.
The property company owns the group's fixed assets and lets them out to the trading company. The trading company operates the facility, licenses it to the company and carries on the bar, catering and social activities and hires out the function room.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
ACHIEVEMENT AND PERFORMANCE
Achievements and performance
Due to the lifting of the COVID-19 restrictions the company was able to provide a full 12 months of bowling for the first time since 2019/2020. For the purposes of comparison the figures will be compared to 2019-2020 for a more accurate review.
Financial Review
Income for the year across the charity and its trading subsidiaries amounted to £253,644 (£178,809 in 201920), this represents an increase year on year of 41.85% and is predominately resultant of two items. These were insurance proceeds from having to close the trading activities due to COVID-19, of £23,950. Also, in the year we have recognised a release of an old rent arrears liability that we are no longer required to carry, of £60,654. Removing these two items gives comparable figures of £160,040 (£178,809 in 2019-20), this represents a reduction year on year of 10.5%.
The membership renewals for 2021/2022 as follows;
Full members - 258 (353 in 2019-20) Social members - 28 (36 in 2019-20)
Equating to a returning membership of 73.1% compared to pre-pandemic levels. This outcome provides a positive and solid platform which can be built upon over the forthcoming years.
As expected the number of bowlers attending the club after COVID-19 were significantly lower than prepandemic levels, however a positive trend can be seen throughout the year resulting in a 62.5% return in rink fees compared to 2019/2020.
2019/2020 green fees - £65,281 2020/2021 green fees - £9,050 2021/2022 green fees - £40,839
Page 1
Solihull Indoor Bowls Club Limited
Report of the Trustees for the Year Ended 31 March 2022
ACHIEVEMENT AND PERFORMANCE
Fundraising activities
Income from other trading activities which includes bar sales, room hire and sub-letting activities amounted to £109,726 (£85,027 in 2019-2020) this represents an increase year on year of 29%. This is a very positive outcome and one which we must build on and continue to utilise the facilities more in the forthcoming years. Expenditure for the year also increased year on year to £137,384 (£133,686 in 2019-20) which is a increase of 2.8% and is as a direct result of the increased revenue generated by the trading activities.
As a result of the above activities the Trustees are pleased to report that the results from the consolidated accounts demonstrate an unrestricted surplus of £76,443. The impact of which increased unrestricted reserves from £63,536 in 2020-21 to £139,979 at the end of 2021-22. This is a direct result of the two unexpected items of additional income as mentioned previously which total £84,604. Without these two items the reserves would show a decrease in value.
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity that unrestricted funds of £127,979 at 31 March 2022 which have not been designated for a specific use should be maintained at a level equivalent to between six and twelve 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 achieved throughout the year.
FUTURE PLANS
The Trustees are in the advanced stages of developing a 3-year strategy for the Club as well as undertaking the recruitment drive for a Club Manager who will be driving this. This role will be vital in securing the longterm future of the club with responsibilities including the line management staff; growing our existing business and income; develop new business opportunities; securing grant funding for new projects; and be responsible for the overall management of day to day operations including responsibility for the efficient running of the club premises.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Charity constitution
The charity is a company limited by guarantee.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03160288 (England and Wales)
Registered Charity number
1094579
Registered office
Brick Kiln Lane Hillfield Solihull West Midlands B91 3LE
Page 2
Solihull Indoor Bowls Club Limited
Report of the Trustees
for the Year Ended 31 March 2022
Trustees
R Morris (resigned 24.8.22) P R Rees W I Clark (resigned 6.10.21) J Pepall S C Goodchild (appointed 14.10.21)
All Trustees are members of Solihull Indoor Bowls Club Limited.
None of the members of the charity has any beneficial interest in the company. All of the members of the charity are members of the company and guarantee to contribute £1 in the event of a winding up.
Independent Examiner
Locke Williams Associates LLP Chartered Accountants c/o Blackthorn House St Pauls Square Birmingham West Midlands B3 1RL
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. P R Rees - Trustee
Page 3
Independent Examiner's Report to the Trustees of
Solihull Indoor Bowls Club Limited (Registered number: 03160288)
Independent examiner's report to the trustees of Solihull Indoor Bowls Club Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales 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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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 is not a matter considered as part of an independent examination; or
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the accounts 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 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.
David Williams FCA FCCA Institute of Chartered Accountants in England and Wales Locke Williams Associates LLP Chartered Accountants c/o Blackthorn House St Pauls Square Birmingham West Midlands B3 1RL
20 December 2022
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Solihull Indoor Bowls Club Limited
Consolidated Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 12,983 Charitable activities Charitable activities 574 Green fees and hire of bowls equipment 40,839 Joining fees and subscriptions 21,298 Other trading activities 3 109,726 Investment income 4 5 Other income 6 60,654 Total 246,079 EXPENDITURE ON Other trading activities 123,163 Charitable activities 7 Charitable activities 46,473 Total 169,636 NET INCOME/(EXPENDITURE) 76,443 RECONCILIATION OF FUNDS Total funds brought forward 63,536 TOTAL FUNDS CARRIED FORWARD 139,979 |
Restricted funds £ 7,565 - - - - - - 7,565 14,221 9,691 23,912 (16,347) 315,637 299,290 |
31.3.22 Total funds £ 20,548 574 40,839 21,298 109,726 5 60,654 253,644 137,384 56,164 193,548 60,096 379,173 439,269 |
31.3.21 Total funds £ 66,508 - 9,050 18,947 6,778 15 - 101,298 71,342 36,131 107,473 (6,175) 385,348 379,173 |
|---|---|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 5
Solihull Indoor Bowls Club Limited (Registered number: 03160288)
Balance Sheet 31 March 2022
| Notes FIXED ASSETS Tangible assets 12 Investments 13 CURRENT ASSETS Stocks 14 Debtors 15 Cash at bank and in hand CREDITORS Amounts falling due within one year 16 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 17 NET ASSETS FUNDS Unrestricted funds 18 Restricted funds 18 TOTAL FUNDS |
Group 31.3.21 31.3.21 £ £ 363,033 381,502 - - 381,502 381,502 4,626 - 6,967 6,400 104,058 88,418 115,651 94,818 (39,415) (36,493) 76,236 58,325 439,269 439,827 - (60,654) 439,269 379,173 139,979 63,536 299,290 315,637 439,269 379,173 |
Charity 31.3.22 31.3.21 £ £ - - 9,004 9004 9,004 9,004 - - 137,269 89,686 76,875 84,261 214,404 179,947 (35,337) (18,943) 178,803 155,004 187,807 164,008 - - 187,807 164,008 185,438 159,513 2,369 4,495 187,807 164,008 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
Solihull Indoor Bowls Club Limited (Registered number: 03160288)
Balance Sheet - continued 31 March 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. P R Rees - Trustee
The notes form part of these financial statements
Page 7
Solihull Indoor Bowls Club Limited
Notes to the Financial Statements for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Changes in accounting policies
The directors have chosen to change the accounting policy in respect of its subsidiaries. Previously, the financial statements presented information about the company as an individual undertaking and not about its group. As a result of this change, the following accounting policy is applicable to the inclusion and presentation of its subsidiaries in these financial statements, including the comparative period which has been similarly restated.
Group financial statements
The financial statements consolidate the results of the charity and its wholly owned subsidiaries drawn up to 31 March each year. The financial statements of subsidiaries are prepared for the same reporting year as the parent company, using consistent accounting policies*. Inter-group balances and transactions have been eliminated.
A separate Statement of Financial Activities and Income and Expenditure Account for the charity has not been presented because the Trust has taken advantage of the exemption afforded by section 408 of the Companies Act 2006.
*In consolidating, grants received which are accounted for as deferred in the individual subsidiaries' financial statements (and thereby held as a liability) have been restated so as to be recognised as being received in full, in accordance with the group accounting policy for grant income as below.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
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.
Grants receivable are recognised in the Statement of financial activities when the conditions of receipt have been met.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Page 8
Solihull Indoor Bowls Club Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES - continued
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - over the unexpired portion of the lease Furniture and plant - 20% on cost and 8% on cost
Any gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value, and is credited or charged to the income statement.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
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 months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors and provisions are recognised where the charity has 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 estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Page 9
Solihull Indoor Bowls Club Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
2. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | ||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Donations | 983 | 1,231 |
| Grants | 19,565 | 65,277 |
| 20,548 | 66,508 | |
| Grants received, included in the above, are as follows: | ||
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| SMBC – covid19 support grants | - | 37,500 |
| SMBC – national lockdown grants | - | 2,000 |
| SMBC – tier 2 business support grant | 12,000 | 1,400 |
| Sport England – return to play | - | 8,943 |
| HMRC – coronavirus job retention scheme | 1,746 | 10,434 |
| Other | 5,819 | 5,000 |
| 19,565 | 65,277 |
3. OTHER TRADING ACTIVITIES
A summary of the income and expenditure (excluding inter-group transactions) of the trading subsidiaries is as follows:
| Turnover Other operating income Income - other trading activities Cost of sales Staff costs Administrative expenses Depreciation Expenditure - other trading activities Net profit/(loss) for the year 4. INVESTMENT INCOME Interest receivable |
31.3.22 £ 31.3.22 £ 5 |
31.3.21 £ 16 6,762 6,778 2,647 397 54,077 14,221 71,342 (64,564) 31.3.21 £ 15 |
|---|---|---|
Page 10
Solihull Indoor Bowls Club Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
5. INCOME FROM CHARITABLE ACTIVITIES
Green fees and hire of Joining Charitable bowls fees and activities equipment subscriptions £ £ £ Sales within charitable activities 574 40,839 21,298 6. OTHER INCOME Release of historic liability |
31.3.22 Total activities £ 62,711 31.3.22 £ **60,654 ** |
31.3.21 Total activities £ 27,997 31.3.21 £ - |
|---|---|---|
During the year, the charity received confirmation that a historic liability in respect of initial rents payable for the premises (the liability being carried in the accounts of the subsidiary SIBC Property Limited) was fully cleared as settled during 19/20. Past payments made by the charity (through its subsidiary) that should have been allocated against this liability were instead expended as rent charge in the profit and loss statements. As a result of the confirmation received, the liability of £60,654 has been released in this year's accounts.
7. CHARITABLE ACTIVITIES COSTS
| 7. | CHARITABLE ACTIVITIES COSTS | ||
|---|---|---|---|
| Direct | |||
| Costs (see | |||
| note 8) | |||
| £ | |||
| Charitable activities | **56,164 ** | ||
| 8. | DIRECT COSTS OF CHARITABLE ACTIVITIES | ||
| 31.3.22 | 31.3.21 | ||
| £ | £ | ||
| Staff costs | 38,136 | 23,975 | |
| Rates, water rates and insurance | 4,342 | 3,087 | |
| Other | 13,686 | 9,069 | |
| **56,164 ** | 36,131 | ||
| 9. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 31.3.22 | 31.3.21 | ||
| £ | £ | ||
| Depreciation - owned assets | 19,417 | 19,360 | |
| Independent Examination | 720 | 720 | |
| Independent examiners – fees for other work | 2,940 |
Page 11
Solihull Indoor Bowls Club Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
11. STAFF COSTS
| 31.3.22 | 31.3.21 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 60,340 | 24,372 |
| Other pension costs | **151 ** | - |
| **60,491 ** | 24,372 |
The average monthly number of employees during the year was as follows:
Staff Directors (non-remunerated) |
31.3.22 7 4 11 |
31.3.21 6 5 11 |
|---|---|---|
No employees received emoluments in excess of £60,000.
| 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 49,131 Charitable activities Green fees and hire of bowls equipment 9,050 Joining fees and subscriptions 18,947 Other trading activities 6,778 Investment income 15 Total 83,921 EXPENDITURE ON Other trading activities 57,121 Charitable activities Charitable activities 23,249 Total 80,370 NET INCOME/(EXPENDITURE) 3,551 |
Restricted funds £ 17,377 - - - - 17,377 14,221 12,882 27,103 (9,726) |
Total funds £ 66,508 9,050 18,947 6,778 15 101,298 71,342 36,131 107,473 (6,175) |
|---|---|---|
Page 12
Solihull Indoor Bowls Club Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
| 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 13. TANGIBLE FIXED ASSETS - GROUP Kitchen Long and bar leasehold equipment £ £ COST At 1 April 2021 673,857 55,044 Additions - 780 Disposals - - At 31 March 2022 673,857 55,824 DEPRECIATION At 1 April 2021 326,037 52,846 Charge for year 13,478 841 Eliminated on disposal - - At 31 March 2022 339,515 53,687 NET BOOK VALUE At 31 March 2022 334,342 2,137 At 31 March 2021 347,820 2,198 14. FIXED ASSET INVESTMENTS - CHARITY MARKET VALUE At 1 April 2020 and 31 March 2021 NET BOOK VALUE At 1 April 2020 and 31 March 2021 |
ACTIVITIES - continued Unrestricted Restricted Total funds funds funds £ £ £ 59,985 325,363 385,348 63,536 315,637 379,173 Furniture Office and plant equipment Totals £ £ £ 294,348 34,877 1,058,126 - 471 1,251 (1,517) - (1,517) 292,831 35,348 1,057,860 264,411 33,329 676,623 4,575 523 19,417 (1,213) - (1,213) 267,773 33,852 694,827 25,058 1,496 363,033 29,937 1,548 381,503 Unlisted investments £ 9,004 **9,004 ** |
Total funds £ 385,348 |
|---|---|---|
| 379,173 |
At 2021 the company had interests in the following subsidiaries:
| Subsidiaries | Type of | Proportion | Country of | Nature of |
|---|---|---|---|---|
| shares held | held (%) | incorporation | business | |
| SIBC Trading Limited | Ordinary | 100% | United Kingdom | Trading |
| SIBC Property Limited | Ordinary | 100% | United Kingdom | Investment |
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Solihull Indoor Bowls Club Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
15. STOCKS - GROUP
| STOCKS - GROUP | ||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Stocks | 4,626 | - |
16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors VAT Amounts owed by group undertakings Prepayments and accrued income |
Group 31.3.22 31.3.21 £ £ 1,272 - - 1,438 - - 5,695 4,962 6,967 6,400 |
Charity 31.3.22 31.3.21 £ £ - - - - 132,708 85,708 4,557 3,978 137,265 89,686 |
|---|---|---|
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Amounts owed to group undertakings Social security and other taxes VAT Other creditors Accruals and deferred income Deferred income included above: Deferred at 1 April Released to income in the year Additionally deferred in the year Deferred at 31 March |
Group 31.3.21 31.3.21 £ £ 9,446 6,012 - - 254 82 1,255 - 9,506 2,108 18,954 28,291 39,415 36,943 |
Charity 31.3.21 31.3.21 £ £ 2,393 581 15,486 8,281 128 82 - - 7,626 2,008 9,704 7,991 35,337 18,943 7,412 12,498 (7,412) (12,498) 6,849 7,412 6,849 7,412 |
|
|---|---|---|---|
Deferred income comprises memberships received in advance.
Page 14
Solihull Indoor Bowls Club Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
18. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR – GROUP
| Trade creditors 19. ANALYSIS OF NET ASSETS BETWEEN FUNDS - GROUP Unrestricted Restricted funds funds £ £ Fixed assets 69,754 293,279 Current assets 133,590 6,011 Current liabilities (63,365) - Long term liabilities - - 139,979 299,290 20. MOVEMENT IN FUNDS - GROUP Net movement At 1.4.21 in funds £ £ Unrestricted funds General fund 55,536 76,443 Designated fund - carpet replacement 8,000 - 63,536 76,443 Restricted funds Grants 311,142 (14,221) Sport England – Covid-19 4,495 (4,495) Heart of England - 1,369 Heart of England - 1,000 315,637 (16,347) TOTAL FUNDS 379,173 60,096 |
31.3.22 £ - 31.3.22 Total funds £ 363,033 139,601 (63,365) - 439,269 Transfers between funds £ (4,000) 4,000 - - - - - - - |
31.3.21 £ 60,654 31.3.21 Total funds £ 381,502 94,818 (36,493) (60,654) 379,173 At 31.3.22 £ 127,979 12,000 139,979 296,921 - 1,369 1,000 299,290 439,269 |
|---|---|---|
Page 15
Solihull Indoor Bowls Club Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
20. MOVEMENT IN FUNDS - GROUP - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Grants HMRC - coronavirus job retention scheme Sport England – Covid-19 Heart of England Heart of England TOTAL FUNDS |
Incoming resources £ 246,079 - 1,746 - 4,819 1,000 7,565 253,644 |
Resources Movement expended in funds £ £ (169,636) 76,443 (14,221) (14,221) (1,746) - (4,495) (4,495) (3,450) 1,369 - 1,000 (23,912) (16,347) (193,548) 60,096 |
|---|---|---|
Comparatives for movement in funds
| Unrestricted funds General fund Designated fund - carpet replacement Restricted funds Grants Sport England – Covid-19 TOTAL FUNDS |
At 1.4.20 £ 55,985 4,000 59,985 325,363 - 325,363 385,348 |
Net movement in funds £ 3,551 - 3,551 (14,221) 4,495 (9,726) (6,175) |
Transfers between funds £ (4,000) 4,000 - - - - - |
At 31.3.21 £ 55,536 8,000 63,536 311,142 4,495 315,637 379,173 |
|---|---|---|---|---|
Page 16
Solihull Indoor Bowls Club Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
20. MOVEMENT IN FUNDS - GROUP - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Grants HMRC - coronavirus job retention scheme Sport England – Covid-19 TOTAL FUNDS |
Incoming resources £ 83,921 - 10,434 6,943 17,377 101,298 |
Resources Movement expended in funds £ £ (80,370) 3,551 (14,221) (14,221) (10,434) - (2,448) 4,495 (27,103) (9,726) (107,473) (6,175) |
|---|---|---|
Designated funds comprises of funds which have been set aside at the discretion of the Trustees for specific purposes. This includes designating £4,000 of the unrestricted reserves for the purchase of a new carpet in 6 years time from the year ended 31 March 2020.
Restricted funds comprise grants received for the acquisition of fixed assets, which are being depreciated over their individual estimated useful lives.
21. RELATED PARTY DISCLOSURES
Information about related party transactions and outstanding balances of the charity is outlined below:
| Entities over which the charity has control, joint control or significant influence At 31 March 2022 At 31 March 2021 |
Income £ - |
Expenditure £ 3,300 |
Outstanding balances £ 132,708 (15,486) 85,708 (8,281) |
|---|---|---|---|
The above amounts owed to and from the charity are classified as repayable on demand.
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Solihull Indoor Bowls Club Limited
Detailed Statement of Financial Activities (Charity Only) for the Year Ended 31 March 2022
| 31.3.22 | 31.3.21 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 983 | 1,231 |
| Grants | 19,565 | 65,277 |
| 20,548 | 66,508 | |
| Investment income | ||
| Interest receivable | 5 | 15 |
| Charitable activities | ||
| Sales within charitable activities | 62,711 | 27,997 |
| Total incoming resources | 83,264 | 94,520 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 37,985 | 23,975 |
| Pensions | 151 | - |
| Rates, water rates and insurance | 4,342 | 3,087 |
| Licence fees | 3,300 | 3,300 |
| Other | 13,686 | 9,069 |
| Total resources expended | **59,464 ** | 39,431 |
| Net income/(expenditure) | 23,800 | 55,089 |
This page does not form part of the statutory financial statements
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