REGISTERED COMPANY NUMBER: 03160288 (England and Wales) REGISTERED CHARITY NUMBER: 1094579 Report of tho Trustees and Unaudhed Flnan¢lal Stat&ments for the Year Ended 31 March 2023 Sollhull Indoor Bowls Club Llmited Locke Williams ASSaleS LLP Chartered Accountants clo 813ckthom House Sl Pauls Square Bimiingham West Midlands 831RL
Solihull Indoor Bovls Club Limited Contents of the Flnanclal Ststements forthe Year Ended 31 March 2023 Pagg Report of the Trustees Indèpendent Examinerfs Report Statement of Flnan¢ial Activitles Balance Sheet Notes to the Flnanclal Statements 8 10 16 Detailed Statement ol Financlal Actlvltles 17
Sollhull Indoor Bowls Club Limitod Report ol thè Trust&es for the Year Efid 31 Mar¢h 2023 The truslegs who a180 directors of the charity fot lh& purposes of the Companies Act 2006, present their reportwth the financial statements of the charityfor the yearended 31 March 2023. The trustees have adopted the provisions ol Accounting and Reporting by ChariliÈs'. Slal&m&nt of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 102} {effective 1 January 2019). OBJECTIVES AND ACTIVITIES Obl&ctlv&s and activlties Th$ prfnclpal activity of bowling is substantially carried out by the company, which is th8 Gharlty and. whi¢h is herein after r8farred to as the company. Th& facilili8s are provided by the two wholty ovmed subsidiary companies, SIBC Propety Company Llmited and SIBC Trading Limited. These companies are not themseaS charities and trading activities are requirgd to bè maintained independentty of the company a5 far a5 the structure allows. N6vèrthel8ss, as wholly owned subsidiarlos thelr assets and profrts are held in support of thg purpose8 of tha company, likewise the subsKiiaries ar8 fully supported by the ¢harity duiing any loss making period should they arise. The propety company owns the group's fixed assets and le4S thern out lo 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 funth.on room. Thg Trustèès have paid due regard to guidance issued by tho Charity Commission in deciding what activities the charty should undgrtake. ACHIEVEMENT AND PERFORMANCE Achievements and performan¢e The figures for 2022123 are able to be compared to those of 2021122 as the impact of Covid closures was largely eradicated. In temis of income for the year yw will seg that for Comparative purposes the 2021122 Income includes the covid insurdnce payment and the rel&8se ol the previous rant arrears. These being items of income that hava not bean repeated in 2022123 nor in the fLrture. RÈcruitrnènt Before we review the financ85 of the 2022-2023 fiscal perd I would like to highlight the recruilmenl of a permaneil Manager during th9 3rd calendar quarter of 2022. Toin Milletship joined us from Lei¢esler Bowling Club and his presence on sile has already paid dividends in terms of int>)me generation as can be seen from the figures below. Page 1
Solihull Indoor Bowls Club Limited Report Of the Trusto&s for th• Y•aT Ended 31 Mar¢h 2023 Actlvlty Revlew The membership renewals for 2022r2023 as folh)ws', Full members - 307 {258 in 2021-221 Social members- 16128 in 2021-221 Equating lo growth in mémbership of 13% compared to th8 prBvious y8ar.11 is anb"cipated that in 2023-24 we will see a similar growth pattem. Through a vigorous marketing campaign and focus on the running of new leagues we have seen a slgnrficanl Increase in gr8en faes with growth year on year lust short 0135%. 202112022 green fees - £40.839 202212023 green fees - £54,934 Flnanclal R¢view Income for the year across the charity and tts trading subsldlaries amounted lo £230.7691£253,644 2021-22), this represents a reduction year on year of 9Vo. However. when taking into account two exceptional ttem5 of incom8 received during 2021-22 comparative income for 2021-22 would have b88n £169,040. Exceptional it8ms for 2021-22 include insurance prOS from having lo ck)se (he trading activities dug to COVID-19, of £23,950. Also, in 2021.22 we recognis6d the lease of a historic rent arrears liability that we are no lollger required to cary. of £60,654. In¢orne from other trading aclivibos which includes bar sales, room hire and sub-18tting activities amounted to £143,5261£109,727 in 2021-2Q221 this represents an increase year on year of almost 310k. a substantial rèsult on which lo build on in 2023- 2024. Expenditure for the year increased year on year to £184.597 {£137.384 in 2021-221 which is an increas? of 340/y and is as a direct result of the increased revenue generated by the trading activities. As a resu of the above actiwtiesthe Trustèas are able to report that Ihe results from the consolidated account8 demonstrat8 an unr8Stricted deficit of £34:128. The impact of which reduces unr8slriclèd roserves from £139,979 In 2021-22 10 £105,851 al the end of 2022-23. Reserves pollcy 11 is thÉ policy of the charity that unr8Strfcled fvnds of £89.851 al 31 March 2023 which have not been designated for a spe¢ifi¢ use: should be rnaintsined at a level equivalent lo beiween six and iwe@ month's expenditure. The Trustees ¢onsKler that reserves al this level wll ensure tha( in the event of a signrfiGanl drop in lunding, they will be abse lo ¢onlinue th8 charity's curTent acttvib"e5 while ¢onsideralion is given lo ways in which additional funds may be raised. Thifj level of reserves has been achieved throughout the year. FirruRE PLANS The Board recognise thal11 wll tske time to retum Ihe dub to a profft situation and accordingly have sel a 3- year budget that aims lo produc8 a small profil in the trading year 2Q25 -2026. Every effort will be tnade lo generate income whilst minimising expendtiure, but it must be noted that the building is now well over 25 years old and thera are elèmènts that now need repair and P13Ment. One area offocus therefore for our manager will be the generation of grants io assist us in our endeavours. Page 2
Solihull Indoor BovAs Club Umtted Report of the Trustees for th& Ygar Ended 31 March 2023 STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is conlmlled by tts governing document. a deed of trust. and conslllut8s a limrted company, limited by guarantee. as defined by the Compani8s Act 2006. Charity constitutlon The charity is a company limitèd by guarantee. REFERENCE AND ADMINISTRATIVE DEfAILS Reglsler•d Company number 03160288 (England and Wal@s} Reglstered Charity number 1094579 RlStered office Brick Kiln Lane Sollhull We81 Midlands B913LE Trustees R Mofris (resigned 24.8.221 PRRees J Pepall S C GoodchSld D Weaver {appointed 14.11.221 M Priddey (appointed 1.8.23) Ail Trusl8&s are rnembers of Solihull Indoor BovAs Club Limited. None of the mèmbars 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 ujntrbute £1 in the event of a winding up. Indgpandont Examlner Locke Williams Associates LLP Chartered Accountsnls CID Blackthom House Sl Pauls Square Birmingham West Midlands B3 1RL This report has been prepared in 8ccordance with the speual provisiL)ns of Part 15 ofthg Companies Act 2006 relating to srnall companies. Approved by order of the boartj of Iruslees on .... .. 0%.%.. and signed on its behaw by: chihl - Trustee Page 3
IndependeTrt Examlnorfs Roport to the Trustees of Solihull Indoor Bowls Club Limit8d IRagistered number. 03160288} Independent •xamlnerfs report to the trustee5 of Solihull Indoor Bowl$ Club Limit {'the Company'} I r8port lo the charity Iruslees on my examination of the accounts of the Company for the year ended 31 March 2023. Responsibllltles and basi5 of report As thè charity's trusl?es ol the Company {and also tts direclors for th8 purposes of company lawl you are responsible for the preparation Df the accounts in accordan¢x with the requirements of the Compani8s Act 20061'lh8 2006 Acri. Having s8tisfi8d myself that the acc¥)unts ol the Company are not required lo be audited under Part 16 of the 2008 Act and are eligible for independgnt examinab"on, I report in r&spect of my examination of your charivs accounts as carried out under Section 145 of the Charities Act 2011 I'lhe 2011 Act'l. In carrwng out my gxaminalion I have followed the Directions given by the Charity Commission under Section 145151 {bl of the 2Q11 Act. Independenl •xomin&rf¥ statement I have completed my examination. I confimi that no matters have come to my attentv)n in connection with the oxaminab'on giving m2 cause to believe: accounting records were not kept in Tespect of the Company as required by Section 386 of Ihe 2006 Act., or the accounts do not a¢cord with those records" or the accounts do not Comply with the accounling requirements of s110 396 of the 2006 Act other than any requirement that the accounts give a true and fair vW which is not a matter considered as part of an independent examination., or the accounts have nol been prepared in accordance wth Ihe methods and principles of the Statement ol Rgcommended Practic@ for accounU"ng and reports.ng by charities (applicable lo charities preparing their aGcourrts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}1. I have no ConM$ and have come across no other matters in connection with the examlnation lo which allenlion shoulLI be drawn in Ihis reprt in order to enable a tyoper understanding of the accDurrts to be reached. David Williams FCA FCCA Locke Williams A550Clates LLP Chartered Accounlanls clo Blackthom House st Pauls Square Birmingham West Midlands B3 1RL 29 November 2023 Date.. Page 4
Sollhull Indoor Bowls Club Llmhed Consolldated Ststemènl of Flnanclal Actlvltles IlnGorporating an Income and Expenditure Account) forthe Year Ended 31 MaKh 2023 31.3.23 Total funds 31.3.22 Total funds Unreslricted funds Restricted funds Note5 INCOME AND ENDOvIMEs FROM Donations and legacies 2.077 9,000 11,OTI 20,547 Charitable activities Gharilable activities Gr8&n fees and hire of bowls equipment Jolnlng fees and subscriptions 1.002 54934 20,164 1.002 54.934 20.164 574 40.839 21,298 Other trading acts'vities Investment income Other income 143.526 143.526 66 109,727 60.654 Total 221.769 9.000 230,769 253,644 EXPENDITURE ON other trading activities 169.656 14.941 184,597 137,384 Charitable activitias Charitsble a¢tivrties 86.241 1,369 87,610 56,164 Total 255.897 16,310 272,207 193,548 NET INCOMEIIEXPENDITUREI {34,128) (7.310) {41,438} 60,096 RECONCILIATION OF FUNDS Total funds brought forward 139,979 299,290 439,269 379.173 TOTAL FUNDS CARRIED FORWARD 105851 397 831 439.269 CONTINUING OPERATIONS All income and &xpendilure has arisen from Ix)ntinuing activities. The nol8s fomi part of these financial ststements Pago S
Sollhull Indoor Bowl$ Club LIMIt (Raglstsred number. 031602881 Balan¢¢ Sheets 31 March 2023 Group Charity 31.3.23 31.3.23 31.3.22 31.3.22 Notes FIXED ASSETS Tangible assets Investments 13 14 359,083 363.033 9,004 9004 359,083 363.033 9.004 9,004 CURRENT ASSETS Stocks Debtors Cash al bank and in hand 15 16 3.930 10.525 67,813 4,626 6.947 104.058 172.785 28,054 137,269 76,875 82.268 115,651 200,839 214,404 CREDITORS Amounts falllng due wfthin one year 17 (43.5201 {39.415) 134,7041 {35,3371 NET CURRENT ASSETS 38,748 76,236 168,135 178.003 TOTAL ASSETS LESS CURRENT LIABIL lEs 397.831 439.269 175,139 187,807 NET ASSETS 398.831 439,269 175,139 187,807 FUNDS Unrestricted funds Reslricled funds 18 18 105,851 291,980 139,979 299,290 174.139 1,000 185,438 2,369 TOTAL FUNDS 397.831 439,269 175,139 187.807 The ¢h8ritsbl8 company is enlltlo¢J to oxemption from audrf( under Section 477 01 the Companies Act 2006 for the yèar ended 31 March 2023. The members have not required the wmpany to obtain an audit of ils financial statements for tho ypar ended 31 March 2023 in accordance with Section 476 of the Companies A¢t 2006. The trustees acknowledge IheiT responsibilttie5 for (al ensuring that the charitable company keeps accounting records that compty with Sectn$ 386 and 387 ol the Companies Act 200S and preparing financial slalements which give a true and fair view of the stste of affairs of the Gharitable company as al the end of each financial year 8nd of its surplJs or deficit for each financial year In accordance with the requirements of Sections 394 and 395 arvj which otherwise comply with the r8quir8m8nts o* Ihg Companiès Act 2006 retrating to financial siatements. so far as applicable to the charllable company. {bl The notes fom) part of these financial statements P8g6 6
Sollhull Indoor Bowls Club Llmlted {Raglstar•d numb•r- 031602881 Balance Sheets - ¢ontlnu•d 31 March 2023 These flnancial statements have been propared in accordance wth the provisions appluble to charitable* companies subject to the small cornpanEs regime. Th8 financial s temenls were approved by the B08rd of Twst&8s and authorised for issue on .l£).X3and werg signed on its behalf by: dchikj - Truslaa The notes form part ofthes& financial Statements Page 7
Sollhull Indoor Bowl$ Club Llmlted Notes to tho Financial Statements for the Year Ended 31 March 2023 ACCOUNTING POLICIES Basts of preparing tho financlal statements Thè linanc.'al statements of the charitable company. which Is a public benafit èntty under FRS 102, have been pr8p8red in accordance with the Charibes SORP IFRS 102}'Accountlng and Reporting by Charities.. Stslement of Recommendad Practice applicable to charrftios preparing their accounts In accordance with the Financial Rèporbng Standard applicable in tho UK and Republic of Ireland IFRS 102} lèff8Ctiv8 1 January 20191.. Fin2ncial Reporting Standard 102 The Financial Reporting Standard appli¢able in th8 UK and Republic Ireland. and the Companies Acl 2006. The financial slalemenls have beeN prepared under the histori[ cost convention. Financial reportlng standard 102 - redu¢¢d di$¢losure ox¥mptlon$ The ¢haritablE company has taken advanAge of lJ)e followlng disdosuro exomp:iDns in preparing these finan¢i81 slatemonts, as permitted by FRS 102 The Financial Reporting Stsndard applicable in the UK and RepuNic of Irgland.: the requirernenls of Section 7 Stslement of Cash Fk)ws. Change$ In a¢¢ountlng pollcles The directors have chosen to change the accourbting policy in respect of its subsidiaries. Prèviously, the financial ststements pre$8nlèé information aut th8 company as 2n indNidual undert8king and not about its group. As a resuY( of this change, the follo4ng accounting PDlicy is applicable lo the incluslon and presentation ol tts subsidiarieg In these finan81 ststements. Including the cgmparalive period which has been similarty restated. Group Ilnancial stat?mentS The finaicial statements consolidate thé rasults of th8 charity and its wholly owned subsidiaries drawn up to 31 March each year. The financial stat?ments of subsidiaries a prepared forthe sarne reporting year as the parenl company.. using consistent accounting poli¢ios". Inler-group balances 2nd transactions hav& b8en elimin*ed. A separate Statement of Flnanaal Actbvibes and Inwme and Expenditure Account for th8 charity has not been presented because th8 Trust has tsken advantage of the exemption afforded by section 408 of the Companies Act 2006. 'In consolidating, grants re¢esve(I which are accounted for as deferred in the indNidual subsidiarses, financia., 51alemenls land Ihgwby hBld as a liability} have been restated so a5 to be recognised as being received in full. in accordance wtth the group atxounting poliw for grant income as below. Income All income Is recognised in the Slatgment of Financial Actiwties once the charrty has ontluement to the nds, it is probable that the income will be received and the amount can be measured reliably. Cash tJonations are recognised on receipt. Other donations are recognised once the charity has been no11fd of the donation, unless performance conditions require deferral of the amount. Income lax recoverable in relation to donation5 received under Gift Aid or deeds ol covenant is recognised at th& lime of l.ie donation. Grants receivabk are recognised in the Statement of financial actiwties wh&n tho conditSons of receipt have beer. met. Expandlture Liabililies are recognised as expenditure as soon as Ihere is a tegal orconslructive obligation CDmmitlin9 the charity to that èxpènditure, it is probaole that a transfer of economic benefits wll be required in settlem6rn1 and the amount of the oblKJation can be measured reliably. Expenditur& is accounteé for on an accruals basis and has been Classffied under h8adingsthat aggrogate all cost related to the category. Wh8fe costs ¢annol be directly attributed lo particular headings they have baèn allocated tD actlvilies on a basis consistent with the usa of resources. Page 8
Sollhull Indoor Bowls Club Llmlt Notes to the Financial Statem8nts- contlnu•d for the Year Ended 31 March 2023 ACCOUNTING POLICIES- ¢ontinued Tangible fixed assets Dopreciation is provid8d at lh8 followng annual rales in ord8r lo write off eath asset over ils estimated useful life. Long leosehold Fumiturg and plant over the unexpired portwjn ofthe lease 20% on cost and 8Yo on cost Any gain or105s arising on the disposal of an asstst Is detem)ined as the drflerence bgtween the Sale proceeds and the carying value: and is credited or charged lo the inc/)me statement. Stock$ Stocks are valued al the lower of cost and net realisable value. after maklng due allowance fo¥ obsolete and slow moving items. Taxat]on Th& charity is an exempl charity 7*itthin the meaning of schedule 3 of the Charilios Act 2011 and is ¢onsidorgd to pass thè tèsts sèl out in Paragraph 1 Sehadul8 6 Financè Act201 D and ther@for8 It meèts Ihg defintiion of a charttabb Company for UK corporatson tax purpos8s. Fund accounting Unrestricted funds can b8 used in accordanc8 wlh the charitable objectives at th8 discretion of the trustS. Restricted funds can only be used for particular restricted purposes within the objects of the charty. Restrictions arise when specrfied by the donor or when funds are raised for particular restricted purposes. Furthtrr explanafjon of the natur& and purpose of each fund b induded In Ihe notes lo the financlal sts18m8nts. Debtors Trade and other debtors are recognised at the setrjemenl amount due after any trade discount offered. Prepayments are valued al 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 matunty of thr88 months or lass from the dale of acquisition or opening ofthe doposit or similar account. Creditor3 and provisions credito and provisions are recognised where the chartty has a present obligation resulting from a past event that will probabty result in the transfer of funds to a third party and the amount due to sellle the obligation can be meaSUd or estimated reliably. Creditors and provisions are nomially recognised al their settlement amount after allowing for any Ir8de discounts due. Penslon costs and other postwretlrement beneffts The charitable company operat&s a deflned contribution pension scheme. Contributions payable to the chadlable company's pension s¢hemg are charged lo Ihg Statement of Financial Activities in th8 period to which they relate. Going concern Al the lime of approving the financial statements, the Trustees have a reasonable expectation that the charity has adoqu8te resources to continue in operational existence for the foreseeable future. Thus the Trustees continue lo adopt the going concern basis of a¢counts"ng in preparing thg financial slat8m8nts. Page g
Sollhull Indoor Bowls Club Llmlted Notes to the Financial Statements - contlnued forthè Year Ended 31 Mareh 2023 DONATIONS AND LEGACIES 31.3,23 31.3.22 Donattons Grants 2,077 9,000 982 19,565 11,077 Grants wceived. included in the above. are as follows: 31.3.23 31.3,22 Gr&at6r Blrmlngham and Sollhull Local EnteTprise Partnership HMRC - coronavinjs job mtention schem8 SMBG - tier 2 business support grarrt Other grants 9.000 1,746 12,000 5,819 9,000 19,565 OTHER TRADING ACTIVITIES 31.3.23 31.3.22 Bar and catering sales Function room hire Green fees etc other sundry sales Rental income Insurance proceeds 104,778 14,385 7,345 3,948 11,229 1,841 64,667 8,018 7,658 1,068 4,366 23,950 143,526 109727 INVESTMENT INCOME 31.3.23 31.3.22 Interest receivable 66 Page 10
Sollhull Indoor Bowls Club Limlted Note5 to the Flnanclal Statements - continuad for the Year Ended 31 Mar¢h 2023 INCOME FROM CHARITABLE ACTMTIES 31.3.23 31.3.22 Green fees and hire of Jolnlng bo8 fees and equipment subscriptions Charitable activlllès Tolal actwrties Total activities Sales within charitable 8Ctfvf(18S 1.¢X12 20,164 76,100 62.711 OTHER INCOME 31.3.23 31.3,22 Release of historic Ikgbility 60,654 During the prewous year, the charfty r8¢6ived confirmation that a historic liability in respect of Intttal rents payable for the premises Ithe liabilrty being carried in the a¢unt$ of the subsidiary SIBC Property Limiledl was lully cleared as Seed during 19120. Past payments made by the charity {through ils subsidiary) that should have been allocated against this liability were instead expended as rent charged in th8 profrt and loss statements. As a result of th8 confimiation re(*ived, the liabilty of £60,654 was released in the prior yearfs accounts. CHAR ABLE ACTIVITIES COSTS Direct Costs Iseè note 81 Charitable acttvities DIRECT COSTS OF CHAR ABLE ACTNMES 31.3.23 31.3.22 Staff costs Rates, waler rates arKJ insurdn Olh8r 66,544 4,939 16,127 38,136 4,342 13,686 87,610 56,164 NET INCOMEIIEXPENDITUREI Nel incomel(expenditurel is slated after chargin[creditingl. 31.3.23 31.3.22 Depreciation- owned assets Independent Examination 21,007 720 19,417 720 Page 11
Sollhull Indoor Bowls Club Llmlted Notss to the Flnanclal Statements - contlnuad for the Year Ended 31 March 2023 10. TRUSTEES. REMUNERATION AND BENEFrrs There Nvere no trustees. remunoration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. Tru5tee5' expensos There were no Iruslees, expenses paid for the year ended 31 Mah 2023 nor for the year ended 31 Merch 2022. 11. STAFF COSTS 31.3.23 31.3,22 Wages and salaries Other pension costs 94,935 427 60,340 151 95,362 Thè average monlhty number of ernpkjyees during the yearw8s as follows.. 31.3.23 31.3.22 Staff Dlrectors Inon-remuneraledl No employees received emoluments in excess of£60,000. 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrict8d Restrfcted funds funds Total fu[S INCOME AND ENDOWMENTS FROM Donalions and 18gaci8S Charitable activities Charitable activities Green fees and hiro of bowls equipment Joining fees and subscriptions 12,982 7.565 20,547 574 40,839 21,298 574 40,839 21,298 O+her tradlng a¢tiviti8s Investment income Other income 109,727 109,727 60.654 60,654 Totsl 246.079 7,565 EXPENDITURE ON Other trading a¢tivilies 123.163 14,221 137,384 Charitabl8 aciiwties Charitablè activvcies 46.473 9.691 56,1S4 Total 169.636 23,912 193,548 NET INCOMEIIEXPENDrruRE) 76,443 {16.347) 60,096 Page 12
Sollhull Indoor Bowls Club Llmtted Notes to the Flnan¢lal Statements - continuèd forthe Year Ended 31 Mah 2023 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTNITIES - ¢ontlnugd Unrestricted Restricl8d funds funds Total funds RECONCILIATION OF FUNDS Total funds brought forward 63.536 315,637 379,173 TOTAL FUNDS CARRIED FORWARD 139,979 299.290 439,269 13. TANGIBLE FIXED ASSEfs- GROUP lfjlchen and bar equipment Long loasehold Furniture and plant Office equipm8nl Totals COST Al 1 April 2022 Additions Disposals 673,857 55.824 4.177 292.831 13,000 35,348 1,039 1,057.860 18.216 At 31 March 2023 673.857 301,586 36.387 1.071,057 DEPRECIATION Al l April 2022 Charge for year Eliminalad on dlsposal 339,515 13,477 53.687 1.522 267,773 5,276 33.B52 732 694,827 21,007 3,8601 Al 31 March 2023 352.992 269.653 34,584 711,974 NET 800K VALUE Al 31 March 2023 320,865 4.482 31.933 1.803 359,083 At 31 March 2022 334,342 2.137 25.058 1,496 363.033 14. FIXED ASSET INVESTMENTS - CHARrrY Unlisted investments MARKEf VALUE Al 1 April 2022 and 31 March 2023 9,004 NET BOOK VALUE Al 1 April 2022 and 31 Marth 2023 9.004 AI 2023 the company had interests in the following sub5NJiaries= Subsidiaries Type of Proportion Country of shares held held {%) Incorporatlon Nature of buslness SIBC Trading Limited SIBC Property Limited Ordinary Ordinary 100% Unrf(8d Kingdom 100QA Uniled Kingdom Trading Investment Page 13
Sollhull Indoor Bowls Club Llmit•d Not•s to the Finan¢lal Ststgments - ¢ontlnugd for the Year Ended 31 March 2023 15. STOCKS- GROUP 31.3.23 31.3.22 Stocks 3.930 4,S26 16. DEBTORS: AMOUNTS FALUNG DuEWHlN ONE YEAR Group Chartty 31.3.22 31.3.21 31.3.23 31.3.21 Trade debtors Arllounls owed by group Underta'ngs Prepayments and accrued income 4.483 1,272 169,708 3,077 132,708 4.557 5.695 10.525 6.967 172 785 137,265 17. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR Group Charity 31.3.23 31.3.22 31.323 31.3.22 Trdde creditors ATnournls owed to group undertakings Social serAJrity and other taxes VAT Other creditors Accruals and deferred incom6 11.436 9,446 1.538 15,033 893 2.393 15,486 128 1.220 254 1.255 9,506 18,954 4,655 4.250 7,626 9.704 43.520 39,415 34,704 35,337 Group deferred income indud8d above.. Deferred al 1 April Released Ir) income in the year AddilK>nalty defekT@d in the yèar 7.682 17.6821 7,412 17,4121 7,882 Deferred at 31 March 13,625 Deferred Income comprises membership fees, competf(ion fees and rental incorne received in advance. ANALYSIS OF NEf ASSETS BETWEEN FUNDS - GROUP 31.3.23 Totsl funds 31.3.22 Total funds Unrestricted funds RestTiCt8d funds Fried assets Currènt assets Current liabilitie5 71,744 77,627 43,5201 287.339 4,641 359,083 82,268 43.5201 363,033 115,651 39,4151 105.851 291,980 397 831 439,269 Page 14
Solihull Ind¢x+r Bowls Club Limlt Notes lo th? Finan¢lal Statgments - ¢ontinu•d for the Year Ended 31 March 2023 19. MOVEMENT IN FUNDS. GROUP Nel movement in funds Transfers be66n fijnds Al 31.3.23 Al 1.4.22 Unrestrlcted funds General fund Designated fund - carpet repLgcement 127.979 12.000 (34.1281 14,000} 89,851 139,979 (34128) 105.851 Restricted funds Grants Sport England - Covid-19 Heart Df England 296,921 1,369 1,000 15.941} {1,3691 290,980 1,000 7,310 291980 TOTAL FUNDS 439,269 41,438 397 831 Nel rnovernenl in funds. included in the above are as follows= Incoming resources Resources expended Movement in funds Unrnstrlcted funds Ggneral fund 221.769 1255.8971 134.128} Restrfcted funds Grants Sport England - Covkl-19 9,000 {14,9411 1S,9411 1,369 9.000 16,310 ,310 TOTAL FUNDS 230,769 272,207 41,4381 Comparatlves for movement in funds Net movement in funds Transfèrs belweon funds At 31.3.22 At 1.4.21 Unrestricted funds Generaj fund D8signated fund - carpel replacement 55,536 8.(N)O 76.443 14,0001 4.000 127,979 12,000 63,536 76,443 139,979 Rg$trlct&d funds Grants Sport England- Covid-19 Heart of England H&art of England 311,142 4,495 {14.221) 14.495} 1,369 1,000 296,921 1.369 1,000 315.637 16,347 299,290 TOTAL FUNDS 379.173 60,096 439,269 Page 15
Sollhull Indoor Bowls Club Llmlted Notes to the Flnanclal Statements - contlnued for the Year Ended 31 March 2023 MOVEMENT IN FUNDS- GROUP- continued Comparative nal movemant in funds, included in the above are as follows- Incoming re50urce8 Resources expended Movement in funds Unrestricted lunds General fund 246,079 1169,6361 76.443 Restri¢tsd fund$ Grants HMRC - coronavirus lob retention scheme Sport England - Covid-19 Heart of England Heart of England 114,2211 114,2211 1,746 {1.7461 {4,4951 13,4501 14,4951 1,369 1,000 4.819 1.000 7,565 23.912 16.347 TOTAL FUNDS 253,644 193.5481 60,096 D9signated funds (L)mprises of fun(Is which have been sel ashle at th8 discT8tion of the Tru8lees for specthc purposes. This indudes designab.ng £4.000 of the unrestrct8d reserves for the purchase of a new carpet in 6 years h.me from the year ended 31 March 2020. Reslricted funds comprise grants received for the acquisilk)n of frxed assets, whlch are belng depreciated Dver their individual eslimaleil useful lives. 20. RELATED PAR DISCLOSURES- CHARITY Informalon about related paty transadions and outstsnding balan5 of the chartty18 Outllned betow= Outslandlng balances Income Expendlture Entities over which the charity has control, joint control or significant influen 3,300 At 31 March 2023 169.708 115,0321 Al 31 March 2022 132,708 The above amounts owed lo and from the charity are classffiad as r8payable on demand. Page 16
Solihull Indoor Bowls Club Llmlted Detallgd Stat8ment of Flnancial Activltles {Charlty Only for the Year Ended 31 March 2023 31.3.23 31.3.22 INCOME AND ENDOWMENTS Donatlons and legacle$ Donations Grants 2,076 982 19,565 2.076 20.547 Investment income Interest receivable 66 Charltable activitle$ Sales within charitable activitles 76.100 62,711 Total Incomlng r•$ourcas 78.242 83,263 EXPENDITURE Charltable actlvltles Wages Pensions Rates, water rates and insurance Llcence fees Sundrles 66,117 427 4,939 3,300 37,985 151 4,342 3,300 13.686 90.910 59,464 Total r¢sour¢es expend•d 90,910 59,464 Net1oxp8nditur•)Ilncome 12668) 23,799 This page does not forni part of the statutory finanoal statements Page 17