**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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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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Page 4
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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
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (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|
Page 13
**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.
Page 17
## **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
Page 18