REGISTERED COMPANY NUMBER: 03160288 (England and Wales) REGISTERED CHARITY NUMBER: 1094579 Raport of the Trustees and Unaudited Consolidated Flnanclal Statements for the Yaar Ended 31 March 2024 for Solihull Indoor Bowl8 Club Llmlted Locke Williams Assooiates LLP Charlered Accountants clo Blackthorn House St Pauls Square Birmingham West Midlands B31RL
Sollhull Indoor Bowls Club Llmlted Contènts of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Ind8pend8nt Examrnerfs Report Statement of Flnanclal Actlvltl88 Balance Sheet Notes to the Financial Statements 8 to 17 Detailed Statement of Financial Activities 18
Sollhull Indoor Bowls Club Llmlted Report of the Trustees for the Year Ended 31 March 2024 The trustees who are also dlrectors of the charlty for the purposes of the Companies Act 2006, present thelr raportwith Ihe financial statements ofthe charityfor the year andad 31 March 2024. The trustees have adopted thè provisions of Accounling and Reporting by Charili8s.' Statèment of R8commended Practice applicable to charities preparing thelr accounts in accordance wlth the Flnanclal Reportlng Standard appllcable in the UK and Republic of Ireland IFFiS 102) (effeGtiVg 1 January 2019). OBJECTIVES AND ACTIVITIES Objacllvès and actlvitles The charitable object of the charily is the promolion of community particlpation in healthy recreation by the provision of facilities for playing bowls. Significanl activities The prlnclpal acllvlty of bowllng Is substanllally carrled out by the company, whlch Is the charlty and, whlch Is her8in aft8r r8f8rred to as the company. The facilities are provided by the bmo wholly owned subsidiary companles, SIBC Propety Company Limited and SIBC Trading Limited. These companies are nol themselves charities and trading activities are required to be maintained independently of the company as far as the Structure allows. Navertholess, as wholly owned subsidiaries their assots and prof'its arg held in support of the purposes of th8 company, likewise the subsidiaries are fvlly supported by the charity during any Ioss-making perlod should they arise, Th8 property company owns the group's fixed assets and 18ts th8m out to Ihe trading company. Thé trading company operates the faclllty, licenses It to the company and carrles on the bar, caterlng and soclal actlvltles and hlres out the function room. The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertakè. ACHIEVEMENT AND PERFORMANCE Recruitment Before we review the finances of the 2023-2024 fiscal pertod I would like lo highlight an addition to our salaried staff, Jake Hawkins joined us during the last financial quarter, Having an extensive background in the hospitality industry w& aim to improve th@ numb8r of social events at the club and to Continua to grow the 'club atwosphere,. Jake 8nd Bar Manager Gill Pawlowski will b8 working hard over the next 12 months lo promote the club as a soci81 venue 8s well as contlnuing to provide excellent bowling facilities. Financial Review The key financials for the financial period 2023124 are summarised below. In terms of income for the year you wlll see that far comparative purposes we have included the performance for the 2022123 fiscal year. Income for the year across the charity and its trading subsidiaries amounted to £323,504 (£230,769 for 2022- 231, Ihis repSentS an increase year on year of 40'/0, Pagg 1
Solihull Indoor Bowls Club Llmit8d Report of the Trustees for the Year Ended 31 March 2024 ACHIEVEMENT AND PERFORMANCE - contlnued The membership renewals for 202312024 as follows., Full members- 330 {307 in 2022-231 Social members - 49 (16 in 2022-23) This increase equates to a growth in m8mbership of 17Q/D compar8d to thg previous y8ar. It is anticipatad that in 2024-25 we will see a slmllar growth patlern. Through a vigorous marketing campaign and focus on th8 running Df n8w leagues wa hava s88n a significant increase in green fees with growth year on yearlust over of 30°/0. 202212023 green fees - £54,934 202312024 green fees £71,612 Income from other trading aGtivit168 which includes bar sal@s, room hir8 and sub-18tting 8Ctivities amounted to £217,402 (£143,526 In 2022-2023} this represents an Increase year on year of over 510/0 a substantial result on which lo build in the 2024- 2025 fiscal period, Expenditure for the year increased year on year to £356.161 (£272.207 in 2022-23) whlch is an Increase of almr)sl 31 % , Thls Is a dlrect result of a 73 % Increase in utility costs £32,318 (£18,720 In 2022-23) and the mandatory ris8 in staff r8muneration <9.7 % l. While our utility rates a fixed for a period of 2 years the above Increase Is due to the new contract whlch commenced In October 2023, therefore the 2024-25 accounts will show a full year on the new rates. The staffing costs will again rise by 9.8°/D for 2024-2025 due to a mandatory increase in minirnum wage rates. The overall tr8ding result for the period 2023-24 was a deficit of £22,572 however the budgeted forecast for the period was a loss of£25,583 As a resu It of the above actlvlties the Trustees are able to report Ihat the results from the consolidated accounts demonstrate an unrestricted deficit of £22,572. The impact of which reduces unrestricted reserves from £105,851 in 2022-23 to £83,279 at the end of 2023-24. FINANCIAL REVIEW Reserves policy It is the policy of the charity that unreslricled funds of £83,297 at 31 March 2024 which have not been designated for a specific usa should be maintsined at a leval equivalant to between six and twelve month's 8xpenditur8. Tha Trustees consider that r8serves at this level will ènsure Ihal, in th8 event of a significant drop In funding, they will be able to continue the charlty's current activities while consideratlon is given to ways In which additional funds may be raised. This level of reserves has dropped during the year and the club are actively seeking ways to restore the reserves to operating level. FUTURE PLANS The Board recognise that it will take time to return the club to a profitable situation and accordingly have set a 3 yaar budget that aims to produce a small profil in the trading ygar 2025 -2026. Every effort will ba made to gen6rat8 income whilst minimizing 6xp8nditura but it must ba notéd that tha building is now wall over 25 years old and there ar8 8lements that now n8ed repair and replacement. On8 area the club must work towards is reducing the energy consumption, Work has begun on a business plan to include a suspended ceiling in the bowls hall, LED rink lighting and solar panels to reduce Oltr utility cos15. The Board will be actlvely seeking grant funding for the project as well as possible social investment, Pag8 2
Sollhull Indoor Bowls Club Limited Report of th8 Trustees for Ihe Year Ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing docum8nt The charity is controlled by its gov8rning document, ils Memorandum and Artlcl&s incorporated 1510211998., as amended by special resolution(s) dated 2611012002 and 1311012012. Charlty constitution The charlty is a company limited by guarantee, Ilmlted by guarantee, as defined by th8 Compani8s Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS R6gist8rad Company number 03160288 {England and Wales) R8glster8d Charity number 1094579 Reglstered office Brick Kiln Lane Hillfield Solihull West Midlands B913LE Trusl888 PRRees J Pepall S C Goodchild D Weaver M Priddey (appointed 1,8,231 All Trustees ar& m8mb&rs of Solihull Indoor Bowls Club Limited. None of the members of the charily 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 Examlner Locke Williams Associates LLP Chartered Accountants clo Blackthorn House st Pauls Square Birmingham West Midlands B31RL This report has been prepared in accordance with the speclal provisions of Part 15 of the Companies Act 2008 relating lo small companies, Approv8d by order of the board of trustees on and signed on its b8half by,. oodchild Truste& Paga 3
Independent Examlner's Rèport to the Trustses of Solihull Indoor Bowls Club Limited IR8gister8d number: 031602881 Independenl examinerfs report to the trustees of Solihull Indoor Bowls Club Limited ('the Company,) I report to the charity trust888 on my examination of the accounts of the Company for the ye8r ended 31 March 2024. Responsibilities and basis of rèport As the charity's trustees of the Company land also its directors for the purposes of company law) you are rèsponsible for the preparatlon of the accounts in accordance with the r8quir6mgnts of the Companies Act 2006 ('th8 2006 Act,). Having satlsfied myself that th8 accounts of th@ Company are not required to be audlted under Parl 16 of th8 2006 Act and are eliglble 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'l. In carrying oul my examination I have followed tha Dir6ctions given by the Charity Commission under Section 145{5} (b} of th& 2011 Act. Independent examlnerfs statement Since your charity's gross income exc@ed8d £250,000 your examiner must be a member of a Ilsled body. I can confimi that l am qualified to undertake Ihe examination because l am a member of the 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,, accounting records were not kept in respect of the Company as requlred by Sectlon 386 of the 2006 Act., or th8 accounts do not accord with Ihose records., or the accounts do not comply with the accountlng requlrements of Sectlon 396 of the 2006 Acl olher 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 the accounts have not been prepared in accordance with the rnethods and principles of the Statement of Recommended Practice for accounting and reporting by charltles {applicable to charities praparing their accounts in accordanc8 With th8 Financial Reporting Standard applicabl8 in the UK and F18public of Ireland {FRS 1021). I have no concerns and hav@ come across no other matters in connection with the examination lo which attention should b8 drawn in this report in order to enable a proper under51anding of the accounts to be reached. David Williams FCA FCCA Locke Willlams Associates LLP Chartered Accountants clo Blackthorn House st Pauls Square Birmingham West Midlands B3 1RL Date.. 2310912024 Page 4
Sollhull Indoor Bowls Club Limited Consolldated Statement of Financial Activiti88 (Incorporallng an Income and Expenditure Account) for tha Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM DonatlDns and legacies 2,034 4.856 6,890 11,077 Charltable activities Charitable aclivitles Green fees and hire of bowls equipment Joining foas and subscrlplions 940 71,612 26,552 940 71,612 26,552 1,002 54,934 20,164 Qther trading actlvitl8S Investmgnt income 217,402 108 217,402 108 143,526 66 Total 318,648 4,856 323 504 230,769 EXPENDITURE ON Other trading activities 246,109 14.941 261.050 184,597 Charitable activities Charitable activities 95,111 95.111 87,610 Total 341220 14,941 356.161 272,207 NET INCOMEI(EXPENDITURE) {22,572} {10,085) {32.6571 {41,438) RECONCILIATION OF FUNDS Total funds brought forward 105.851 291,980 397,831 439,269 TOTAL FUNDS CARRIED FORWARD 83,279 281,895 365,174 397,831 CONTINUING OPERATIONS All incorre and expenditure has arisen from continuing activities. A separate Slaternenl of Financial Activities and Income and Expenditure Account for the charity has not been prasented because the Trust has taken advantage of the exemption afft)rded by section 408 of the Companies Act 2006, The notes form p8rl of thes8 finar)cial statements Page 5
Solihull Indoor Bowls Club Limited (Registered number: 03160288) Balance Sheets 31 March 2024 Group 31.3.23 Chartty 31.3.24 31.3.24 31.3.23 Notes FIXED ASSETS Tangible assets Investments 13 14 338,658 359,083 9004 338,658 359,083 9,004 9.004 CURRENT ASSETS stocks Debtors Cash at bank and in hand 8,301 10,118 45,184 3,930 10,525 67,813 175,494 19,022 172,785 28,054 63,603 82,268 194.516 20Q,839 CREDITORS Amounts falllng due within one year 17 (37,087) (41,5201 (20,689) 134,704) NET CURRENT ASSETS 26,516 38,748 173,827 166,135 TOTAL ASSETS LESS CURRENT LIABILITIES 365,174 397,831 182,831 175,139 NET ASSETS 365 174 397 831 182,831 175,139 FUNDS Unrestricted funds R8Strict8d funds 18 18 83,279 281,895 105.851 291,980 176,975 5,856 174,139 1,000 TOTAL FUNDS 365,174 397,831 182,831 175,139 The charitsble company Is entitled lo exemptlon from audrt under Section 477 of the Companies Act 2006 for the year 8nded 31 March 2024. Tha members havo not requirod the company to obtain an audit of Its financial statements for the year ended 31 March 2024 in accordanca with Section 476 of the Companies Act 2006. The trustees acknowledge Iheir responsibilities for (a) ensuring that the charitable company k88ps accounting records that comply with Sections 386 and 387 of the Companies Aol 2008 and preparing financial statements which glve a true and fair vlew cf the state of affairs of the charltable 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 stalements, so far as appllcable lo the Gharitab18 company. {b} The notes form part ofthese flnancial statements Page 6
Sollhull Indoor Bowls Club Llmlted (Registered numb8r: 03160288} Balan¢e Sheets - continu8d 31 March 2Q24 These financial statements have begn prepared in accordanc8 Wlth the provisions applicable to charitable companies subject to the small companies r8gime. The fi ancial stat6m8nts w8re approved by the Board of Trustees and authorlsed for issue on and were slgned on Its behalf by., oodchild Trustae The notes form part of these ffinancial statemonts Page 7
Sollhull Indoor Bowls Club Llmlted Notes to the Flnanclal Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial slatements The financial statements of the charltable company, which is a public benefit entity under FRS 102, have been prepared In accordance with the Charltles SORP {FRS 102} 'Accounting and Reporting by Chariti@s: Statem8nl of Recommended Practice applicabla to charities preparing thgir accounts in accordance with the Financial Reporting Standard appllcable in the U K and Republlc of Ireland IFRS 1021 {effe¢tive 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland, and th8 Companies Act 2006. The flnancial statements have been prepared under the historical cost convention, Financial reporting standard 102 - reduced disclosure exemptlons The charltable company has taken advantage of Ihe following disclosuro exemption in preparing thosa financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Repu blic of Ireland,: the requlrements of Sectlon 7 Statement of Cash Flows. Group flnanclal stat8m8nts The financial statements consolidate the results of th8 charity and ils wholly own8d subsidiari6s drawn up to 31 March each year. The financial statements of subsidiaries are prepared for the same reporting y8ar as thg parent company, using consist8nt accounting policies.. Inler-group balancas and transactions have been eliminated. A separate Statement of Financlal Activities and Income and Expenditure Account for the charity has not been presented because the Trust has taken advantage of the exemption afforded by sectlon 408 of the Companies Act 2006. "In consolidating, grants received which are accounted for as d8ferred in the individual subsidiari8s' financial statements (and thereby held as a liability) have been restaled so as to be recognised as being received in full, in accordanc8 With th8 group accounting policy for grant income as below. Incom8 All income is recognised In the Statement of Flnancial Activities once the charity has entitlement to the funds, It is probable that the Incom8 wlll be received and the amount can be measured reliably. Cash donations are recognis8d on r8C8lPt. Oth8r donations are recognised onGe the charity has been notified of lh8 donation, unless performance conditions require deferral of the amount. Income tax recoverable In relatlon to donations receivgd under Glft Ald or deed5 of covenant Is recognlsed at the time of the donation. Grants receivable are recognised in the Statement of financial activitigs wh8n the conditions of receipt have been met. Expendilure Liabilities are recognised as expenditu as soon as there is a legal or constructive obligatlon committing the charity to that expenditure, it is probable that a transfer of èconomic benefits will be required in settlement and the amount of the obligation can be measured rellably, Expenditure Is accounted for on an accruals basis and has been classrfigd undar haadings that aggregate all cost related to the catagory. Where costs cannot be dirèctly altribut6d lo particular hgadings Ihey have bean allocated lo activities on a basis consistent wllh the use of resources. Tanglble flxed assets Depreciation is provid8d at the following annual rat8s in order to write off each asset over its estimated us8ful lif6. Long leasehold Fumiture and plant over the unexpired portion of the lease 20 % on cost and 80/0 on cost Any gain or loss arising on th8 disposal of an ass&t is detarmin8d as tha differ8nca b81w8en tha sala proceed5 and the carrying value, and is credited or charged lo the income 5tatemenl. Page 8
Solihull Indoor Bowls Club Limitod Noles to the Financial Statements - contlnuad for the Year Ended 31 March 2024 ACCOUNTING POLICIES * continuad Taxatlon Th& charity Is registered with the Charity Commission and under the provisions of Section 478 Corporalicn Tax Act 2010, is exempt from liability to taxation on its Gharitabl8 activiti88. Fund accountlng Unrestrlcted funds can be used in accordance with the charitable objectives at the discretlon of the trustees, Restricted funds can only be used for particular reslricled purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanatlon of the nature and purpose of each fund Is Included in the notes to the financial statements. Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and Slow Moving il&ms. Debtors Trad8 and other d8btors are recognis8d at th8 seltl8m8nt amount due after any trade dlscount offered. Prepayments are valued at the amount prepaid net of any trad8 discounts due. Cash at bank and in hand Cash at bank and cash in hand includès cash and short term highly liquid inveslmants with a short maturity of three months or less from the date of acquisltion or opening of the deposit or 8imi18r account. Creditors and provisions Creditors and provisions are recognised where the charity has a present obligation resLJlting frorn a past event that will probably result in the transfer of funds to a Ihlrd paty and the amount due to settle the obligation can be m8asur8d or &stimated r81iably. Creditors and provisions ar@ nonnally racognised at their settlement amount after allowing for any trade discounts due. Pension costs and other post-retlrement benefits The charitable company operates a defined contribution penslon Scheme. Contributions payable to the Charitable company's pension scherne are charged to the Statement of Financial Activities in the period lo which they relate. Golng concern At th8 time of approving the financial gtatements, the Trustegs hgve a reasonable expectation that the charity has adequate resources to continue in operational existenc8 for th8 foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. Page 9
SollhuS1 Indoor Bowls Club Llmlted Not8s to th8 Flnancial Statements - continued for the Year Ended 31 March 2024 DONATIONS AND LEGACIES 31,3.24 31.3.23 Donations Grants 2,034 4,8S6 2,077 9,000 Grants r8ceived, included in the above, are as follows.. 31.3.24 31,3.23 Grealer Blrmingham and Sollhull Local Enlerprlse Partnership The Rowlands Trust The Bromley Christian Workars Trust 9,000 2,856 2,000 4,856 9,000 OTHER TRADING ACTIVITIES 31.3.24 31.3.23 Bar and catering sales Function room hire Green fees elc Vending machine sales Rental income Insurance proceeds Other sundry sales 164,679 13,426 11,234 3,938 19,122 104,246 14,385 7,345 532 11,229 1,841 217,402 f43,526 INVESTMENT INCOME 31.3.24 31.3,23 Interest receivable 108 66 Page 10
Sollhull Indoor Bowls Club Limited Notes to the Financial Statements contlnued for the Year Endod 31 March 2024 INCOME FROM CHARITABLE ACTIVITIES 31.3.24 31.3.23 Green fees and hire of Joining bowls fees and equipment subscrlptlons Charftable activltles Total activities Total activltles Sal8s within charitable aclivit18S 940 99,104 76,100 CHARITABLE ACTIVITIES COSTS Dir8ct Costs (see note 71 Charitable activities 95,111 DIRECT COSTS OF CHARITABLE ACTIVITIES 31.3.24 31.3.23 staff costs Rates, waler rates and insurance Olher 79,165 3,384 12,562 66,544 4,939 16,127 NET INCOMEI(EXPENDITURE) Nel incomel(expendilure) is stat8d after chargingl(creditingl: 31.3.24 31.3.23 Depreciation - owned assets Independent Examlnallon fee 20,852 720 21,007 720 TRUSTEES, REMUNERATION AND BENEFITS There were no truste68' r8mungration or other benefits for the year ended 31 March 2024 nor for th8 year ended 31 March 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 11
Sollhull Indoor Bowls Club Llmlted Notes to the Flnan¢lal Statements - contlnued for the Year Ended 31 March 2024 10. STAFF COSTS 31.3.24 31.3.23 Wagas and salaries Other pension costs 129,237 1,811 94,935 427 131,048 95,362 The average monthly number of employees during the year was as follows: 31.3.24 19 31.3.23 Staff Dlrectors Inon-remuneratedl 24 10 No emplDy8es r6ceiv8d emoluments in excess of£60,000. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Fiestricled funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacles 2,077 9,DOO 11,077 Charitable activities Charitable activities Green fees and hlre of bowls equipment Joining fe8s and subscriptions 1,002 54,934 20,164 1,Q02 54,934 20,164 Other trading actlvitles Investmenl income 143,526 66 143,526 66 Total 221,769 9,000 220,769 EXPENDITURE ON other trading aotivities 169,656 14.941 184,597 Charitable activitles Charitable activities 86,241 1,369 87,610 Total 255,897 16,310 272,207 NET INCOMEI(EXPENDITURE) (34,128) 17,310} {41,438) RECONCILIATION OF FUNDS Total funds brought forward 139,979 299,290 439,269 TOTAL FUNDS CARRIED FORWARD 105.851 291,980 397.831 Page 12
Sollhull Indoor Bowls Club Llmited Notes to the Flnancial Stat8m8nts - continued for the Year Ended 31 March 2024 12. TANGIBLE FIXED ASSETS . GROUP Kitchen and bar equipment Long leasehold Furniture and plant Office aquipment Totals COST At 1 April 2023 Additions Disposals 873,857 59,227 1,230 301,586 36,387 1,071,057 1,230 Al 31 March 2024 673,857 301586 35,087 1,070,279 DEPRECIATION At 1 April 2023 Charge for year Eliminated on disposal 352,992 13,478 54,745 1,627 269,653 5,276 34,584 471 711,974 20,852 At 31 March 2024 366,470 55,947 274,929 34,275 731,621 NET BOOK VALUE At 31 March 2024 307 387 3,802 26,657 812 338,658 At 31 March 2023 320,865 4,482 31,933 1,803 359,083 13. FIXED ASSET INVESTMENTS - CHARITY Unlis1g(J Investments MARKET VALUE At 1 April 2023 and 31 March 2024 9,004 NET BOOK VALUE Al 1 April 2023 and 31 March 2024 At 2024 th8 company had Interests in the following subsidiarigs.. Subsidiarles Type of Proportion Country of shares held held {O/o} Incorporation Nalure of business SIBC Trading Limited SIBC Property Limlted Ordinary Ordinary 100 /0 United Kingdom 100Q/o United Kingdom Tradlng Investment Pag8 13
Sollhull Indoor Bowls Club Llmlted Not8S to th8 Flnancial Stat8m8nts continued for Ihe Year Ended 31 March 2024 14. STOCKS - GROUP 31.3.24 31.3.23 Stocks 8,301 3,930 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group Charlty 31.3.24 31,3.23 31.3.24 31,3.23 Trade debtors Amounts owed by group undertakings other debtors Prepayments and accrued income 2,568 4,483 171,870 1,418 2,206 1 $9,708 2,836 4,714 6,042 3.077 10,118 10.525 175,494 172,785 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Group Charlty 31,3.24 31.3.23 31.3.24 31.3.23 Trade creditors Amounts owed to group undertakings Social security and other tax8S 8,040 11,436 1,260 4,660 1,536 15,033 893 1,220 4,843 4,655 21,366 VAT other credltors Accruals and def8rr8d incom8 5,430 4,250 19,367 4,250 10,519 4,250 12,991 37,087 43,520 20,689 34,703 Deferred income included above.. Deferred at 1 April Released lo income in the year Additionally deferred in Ihe year 13,625 13,625 7,682 (7,6821 Deferred at 31 March 8,249 13,625 Deferr8d incom8 comprises membership fegs, competition fee5 and rental income received in advance. 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS - GROUP 31.3.24 Total funds 31.3.23 Total funds Unrestricted funds Restricted funds Fixed assets Current assets Current liabillties 62,619 57.747 37,087) 276,039 5.856 338,658 63,603 37,087) 359,083 82,268 43,520) 83,279 281,895 365,174 397,831 Page 14
Sollhull Indoor Bowls Club Limited Notes to the Financial Statements - conllnued for the Year Ended 31 March 2024 18. MOVEMENT IN FUNDS - GROUP Net movement in funds Transfers between fijnds At 31,3.24 At 1.4.23 Unrestrlcted funds General fund D8signated fund - carpet replacement 89,851 (22,S72) (4,000) 63,279 105,851 122,572) 83.279 Re5trlcted funds Grants Sport England- Covid-19 The Rowland5 Trust The Bromley Christian Workers Trust 290,980 1,000 (14,941 276,039 1,000 2,856 2,000 2,856 2,000 291,980 10,085 281,895 TOTAL FUNDS 397,831 32,657 365,174 Net movement in funds. included in th8 above are as follows: Incoming rescurces Resources expended Movement in funds Unrestrlcted funds General fund 318,648 1341,220) (22.572) Restricted funds Grants The Rowlands Trust The Bromley Christian Workers Trust {14,941) (14,941) 2,856 2,856 2,000 4,856 TOTAL FUNDS 323,504 356,161) Page 15
Solihull Indoor Bow18 Club Limited Not8s to th8 Financial Stat8ments - continued for the Year Ended 31 March 2024 18. MOVEMENT IN FUNDS. GROUP- continu8d Comparatlves for movement In funds Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unre8trl¢led funds General fund Dgsignat6d fund - carpet replacement 127,979 12,000 134,128) (4,000) 4,000 89,851 16,000 139,979 (34,128) 105,851 Restrlcted funds Grants Sport England - Covid-19 Heart of England 296,921 1,369 1,000 (5,941) {1,36S) 290,980 1,000 299,290 7,3101 291980 TOTAL FUNDS 439,269 41,438} 397,831 Comparatlve net movement In funds, included in the above are as follows: Inooming resources R8SOLJfc8S expended Movement In funds Unrestricted funds Gen8r81 fund 221,769 {255,897) 134,1281 Reslrlcted funds Grants Sport England - Covid-19 9,000 (14,941) (5,941) 9,OQO 16,310 7,310 TOTAL FUNDS 230,769 272,2071 41,438) 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 reseNes for the purchase of a new carpel in 6 years time from tha year ended 31 March 2020. Restricted funds comprise gr8nls received for the acquisition of fixed assets, which are being depreciated over their individual estimaled useful lives. Page 16
Solihull Indoor Bowls Club Llmlted Notes to the Financial Statemènts - Continued for the Year Ended 31 March 2024 19. RELATED PARTY DISCLOSURES - CHARITY Infomiation about related party transactions and outstanding balances of the charity is outlined below: Outstandlng balances Income Expendllure Entitles over which the charity has control. lolnt control or slgnificant Influence At 31 March 2024 171,870 (4,660) At 31 March 2023 169,708 Tha above amounts Owgd to and from the charity ar8 classified as repayable on demand, Page 17
Sollhull Indoor Bowls Club Llmltsd Detailed Statement of Financial Activities (Charity Only) for Ihe Year Ended 31 Mah 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donallons and legacles Donations Grants 2,036 2,076 6,892 2,076 Investment income Interest receivable 108 66 Charitable aclivities Sale5 wlthln charllable actlvllies 99,104 Total Incomlng resources 106,104 78,242 EXPENDITURE Charltable actlvltles Wages Rates, wat8r rates and insuranc8 Licence fees Sundries 79,166 3,384 3,300 66,544 4,939 3,300 98,412 90,910 Total r8sources 8xpended 98,412 90.910 Net Incomellexp8nditur8) 7,692 12,668) This page doos nol form part of the statutory financial statements Page 18