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2023-12-31-accounts
|
|
Page |
|
| Trustees' Report |
1 |
to |
2 |
| Independent Examiner's Report |
|
3 |
|
| Statement of Financial Activities |
|
4 |
|
| Balance Sheet |
|
|
|
| Notes to the Financial Statements |
6 |
to |
14 |
| Detailed Statement of Financial Activities |
15 |
to |
16 |
|
|
|
|
|
31.12.23 |
31.12.22 |
|
|
Unrestricted |
Designated |
Restricted |
Total |
Total |
|
|
funds |
fund |
fund |
funds |
funds |
|
Notes |
£ |
|
£ |
|
£ |
| INCOME AND |
|
|
|
|
|
|
| ENDOWMENTS FROM |
|
|
|
|
|
|
| Donations and legacies |
|
60,324 |
|
|
60,324 |
57,283 |
| EXPENDITURE ON |
|
|
|
|
|
|
| Other |
|
(56,312) |
(10,740) |
|
(67,052) |
(56,630) |
| Net gains/(losses) on |
|
|
|
|
|
|
| investments |
|
3,433 |
|
|
3,433 |
(6,116) |
| NET |
|
|
|
|
|
|
| INCOME/(EXPENDITURE) |
|
7,445 |
(10,740) |
|
(3,295) |
(5,463) |
| Transfers between funds |
11 |
(21,787) |
21,787 |
|
|
|
| Net movement in funds |
|
(14,342) |
11,047 |
|
(3,295) |
(5,463) |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
|
| Total funds brought forward |
|
104,982 |
134,802 |
500 |
240,284 |
245,747 |
| TOTAL FUNDS CARRIED |
|
|
|
|
|
|
| FORWARD |
|
90.,640 |
145,849 |
500 |
236,989 |
240,284 |
|
|
|
|
|
31.12.23 |
31.12.22 |
|
|
Unrestricted |
Designated |
Restricted |
Total |
Total |
|
|
funds |
Fund |
fund |
funds |
funds |
|
Notes |
|
£ |
£ |
|
£ |
| FIXED ASSETS |
|
|
|
|
|
|
| Tangible assets |
|
100,770 |
|
500 |
101,270 |
106,031 |
| CURRENT ASSETS |
|
|
|
|
|
|
| Stocks |
5 |
840 |
|
|
840 |
840 |
| Debtors |
6 |
1,177 |
|
|
1,177 |
153 |
| Investments |
7 |
|
48,353 |
|
48,353 |
44,920 |
| Cash at bank and in hand |
|
20,692 |
97,496 |
|
118,188 |
126,109 |
|
|
22,709 |
145,849 |
|
168,558 |
172,023 |
| CREDITORS |
|
|
|
|
|
|
| Amounts falling due within |
|
|
|
|
|
|
| one year |
|
(20,789) |
|
|
(20,789) |
(23,619) |
| NET CURRENT ASSETS |
|
1,920 |
145,849 |
|
147,769 |
148,404 |
| TOTAL ASSETS LESS |
|
|
|
|
|
|
| CURRENT LIABILITIES |
|
102,690 |
145,849 |
500 |
249,039 |
254,434 |
| CREDITORS |
|
|
|
|
|
|
| Amounts falling due after |
|
|
|
|
|
|
| more than one year |
9 |
(12,050) |
|
|
(12,050) |
(14,150) |
| NET ASSETS |
|
90,640 |
145,849 |
500 |
236,989 |
240,284 |
| FUNDS |
11 |
|
|
|
|
|
| Unrestricted funds |
|
|
|
|
236,489 |
239,784 |
| Restricted funds |
|
|
|
|
500 |
500 |
| TOTAL FUNDS |
|
|
|
|
236,989 |
240,284 |
|
Unrestricted |
Designated |
Restricted |
Total |
|
funds |
Fund |
fund |
funds |
|
|
£ |
|
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
|
| Donations and legacies |
57,283 |
|
|
57,283 |
| EXPENDITURE ON |
|
|
|
|
| Other |
(39,740) |
(16,890) |
|
(56,630) |
| Net gains/(losses) on investments |
(6,116) |
|
|
(6,116) |
| NET INCOME/(EXPENDITURE) |
11,427 |
(16,890) |
|
(5,463) |
| Transfers between funds |
(21,787) |
21,787 |
|
|
| Net movement in funds |
(10,360) |
4,897 |
|
(5,463) |
| RECONCILIATION OF FUNDS |
|
|
|
|
| Total funds brought forward |
115,342 |
129,905 |
500 |
245,747 |
| TOTAL FUNDS CARRIED FORWARD |
104,982 |
134,802 |
500 |
240.284 |
|
|
Chew |
|
|
|
|
Valley |
|
|
|
Clubhouse |
School |
|
|
|
& Pavilion |
Courts |
Internet |
Totals |
| COST |
|
|
|
|
| At 1 January 2023 |
153,104 |
13,933 |
4,413 |
171,450 |
| Additions |
3,860 |
|
|
3,860 |
| Grants |
|
|
|
|
| At 31 December 2023 |
156,964 |
13,933 |
4,413 |
175,310 |
| DEPRECIATION |
|
|
|
|
| At 1 January 2023 |
(61,239) |
(4,180) |
|
(65,420) |
| Charge for year |
(6,123) |
(1,393) |
(1,103) |
(8,620) |
| At 31 December 2023 |
(67,363) |
(5,573) |
(1,103) |
(74,039) |
| NET BOOK VALUE |
|
|
|
|
| At 31 December 2023 |
89,601 |
8,360 |
3,310 |
101,270 |
| At 31 December 2022 |
91,865 |
9,753 |
4,413 |
106,031 |
| 5. |
STOCKS |
|
|
|
|
|
|
|
31.12.23 |
|
31.12.22 |
|
|
|
|
|
£ |
|
Fobs |
|
|
840 |
840 |
| 6 |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
|
|
|
31.12.23 |
|
31.12.22 |
|
|
|
|
£ |
£ |
|
Other debtors |
|
1,177 |
|
153 |
|
|
|
1,177 |
|
153 |
| 7. |
CURRENT ASSET INVESTMENTS |
|
|
|
|
|
|
|
Cost |
2023 |
2022 |
|
|
|
£ |
|
|
|
1,494.64 COIF Charities |
Investment Fund - Income Units - market |
14,512 |
29,661 |
27,165 |
|
value |
|
|
|
|
|
15,281.17 COIF Charities |
Investment Fixed Interest Fund - Income |
|
|
|
|
Units -market value |
|
|
|
|
|
|
|
20,000 |
18,692 |
17,755 |
|
|
|
34,512 |
48,353 |
44,920 |
|
31.12.23 |
31.12.22 |
|
|
£ |
| Other loans (see note 10) |
2,100 |
2,100 |
| Trade creditors |
|
|
| Accrued expenses |
3,427 |
6,372 |
| Deferred revenue |
15,261 |
15,147 |
|
20,789 |
23,619 |
|
|
|
|
|
31.12.23 |
31.12.22 |
|
|
|
|
|
|
£ |
| Other |
loans |
(see |
note |
10) |
12,050 |
14,150 |
|
31.12.23 |
31.12.22 |
|
|
£ |
| Amounts falling due within one year on demand: |
|
|
| LTA Loan |
2,100 |
2,100 |
| Amounts falling due between two and fve years: |
|
|
| LTA Loan |
12,050 |
14,150 |
| MOVEMENT IN FUNDS |
|
|
|
|
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 1.1.23 |
in funds |
funds |
31.12.23 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General Accumulated Surplus |
104,983 |
7,446 |
(21,787) |
90,642 |
| Designated Fund |
134,801 |
(10,740) |
21,787 |
145,848 |
| Restricted funds |
239,784 |
(3,295) |
|
236,490 |
| Childrens Membership and Coaching |
|
|
|
|
| Fund |
500 |
|
|
500 |
| TOTAL FUNDS |
240,284 |
(3,295) |
|
236,490 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
|
|
£ |
| Unrestricted funds |
|
|
|
|
| General Accumulated Surplus |
60,324 |
(56,312) |
3,443 |
7,445 |
| Designated Fund |
|
(10,740) |
|
(10,740) |
|
60,324 |
(67,052) |
3,443 |
(3,295) |
| TOTAL FUNDS |
60,324 |
(67,052) |
3,443 |
(3,295) |
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 1.1.22 |
in funds |
funds |
31.12.22 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General Accumulated Surplus |
115,343 |
11,427 |
(21,787) |
104,893 |
| Designated Fund |
129,904 |
(16,890) |
21,787 |
134,801 |
|
245,248 |
(5,463) |
|
239,784 |
| Restricted funds |
|
|
|
|
| Childrens Membership and Coaching |
|
|
|
|
| Fund |
500 |
|
|
500 |
| TOTAL FUNDS |
245.748 |
(5,463) |
|
240,284 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
|
|
| Unrestricted funds |
|
|
|
|
| General Accumulated Surplus |
57,283 |
(39,740) |
(6,166) |
11,427 |
| Designated Fund |
|
(16,890) |
|
(16,890) |
|
57,283 |
(56,630) |
(6,116) |
(5,463) |
| TOTAL FUNDS |
57,283 |
(56,630) |
(6,166) |
(5,463) |
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 1.1.22 |
in funds |
funds |
31.12.23 |
|
£ |
£ |
|
£ |
| Unrestricted funds |
|
|
|
|
| General Accumulated Surplus |
115,343 |
18,872 |
(43,573) |
90,642 |
| Designated Fund |
129,904 |
(27,630) |
43,573 |
145,848 |
|
245,247 |
(8,758) |
|
236,490 |
| Restricted funds |
|
|
|
|
| Childrens Membership and Coaching |
|
|
|
|
| Fund |
500 |
|
|
500 |
| TOTAL FUNDS |
245,747 |
(8,758) |
|
236,990 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
|
£ |
£ |
|
| Unrestricted funds |
|
|
|
|
| General Accumulated Surplus |
117,607 |
(96,052) |
(2,683) |
18,872 |
| Designated Fund |
|
(27,630) |
|
(27,630) |
|
117,607 |
(123,682) |
(2,683) |
(8,758) |
| TOTAL FUNDS |
117,607 |
(123,682) |
(2,683) |
(8,758) |
| INCOME AND ENDOWMENTS |
|
|
| Donations and legacies |
|
|
| Members' Subscriptions |
45,669 |
42,595 |
| Visitor fees |
740 |
892 |
| Coaching income |
7,605 |
10,195 |
| Tournament Income |
144 |
142 |
| Donations |
455 |
590 |
| Fund raising |
560 |
638 |
| Merchandising income |
2,418 |
94 |
| Key sales |
23 |
15 |
| Insurance claim |
|
|
| Gift Aid |
|
(210) |
| Match fees |
540 |
524 |
| Ball recycling income |
|
|
| Deposit interest |
273 |
343 |
| Dividends |
1,899 |
1,465 |
|
60,324 |
57,283 |
| Total incoming resources |
60,324 |
57,283 |
| EXPENDITURE |
|
|
| Other |
|
|
| Accounting software costs |
154 |
135 |
| Business rates |
257 |
250 |
| Clubhouse cleaning |
830 |
835 |
| Clubhouse costs |
521 |
966 |
| Coaching costs |
4,232 |
4,483 |
| Courts maintenance |
3,273 |
|
| Electricity BSTC |
11,283 |
4,171 |
| Electricity CVS |
1,001 |
637 |
| Equipment costs |
425 |
2,180 |
| Floodlight maintenance |
|
16 |
| Grounds and car park maintenance |
17,230 |
12,301 |
| Internet charges |
605 |
502 |
| Junior section expenses |
- |
|
| Keys and locks |
|
|
| Carried forward |
39,816 |
26,477 |
|
31.12.23 |
31.12.22 |
|
|
£ |
| Other |
|
|
| Brought forward |
39,816 |
26,477 |
| League fees and court hire |
460 |
418 |
| LTA subs |
1,215 |
1,137 |
| Merchandise costs |
2,274 |
|
| Miscellaneous costs |
514 |
456 |
| Postage, printing and stationery |
26 |
|
| Tennis balls |
786 |
1,010 |
| Tennis leaders' course |
|
|
| Trophies |
584 |
634 |
| Trustee benefts taken |
450 |
450 |
| Venue insurance |
1,468 |
1,556 |
| Water |
97 |
86 |
| Depreciation |
8,620 |
7,517 |
|
56,312 |
39,740 |
| Total resources expended |
(56,312) |
(39,740) |
| Net operating income/(expenditure) |
|
|
| before gains and losses |
4,012 |
17,543 |
| Realised recognised gains and losses |
|
|
| Realised gains/(losses) on fxed asset |
|
|
| investments |
3,433 |
(6,116) |
| Net operating income/(expenditure) before sinking fund expenditure |
7,445 |
11,427 |
| Sinking fund expenditure |
|
|
| Court 5, mini-zone and CVS courts |
(10,740) |
|
| Repaint of CVS courts |
|
(16,890) |
| Net movement in unrestricted funds |
(3,295) |
(5,463) |