2020-12-31-accounts - The Faldo Trust For Tomorrow's Champions

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Reference and Administrative Details
Report ofthe Trustees	2 to	4
ladependent Examiner's Report
Statement ofFinancial Activities
Balance Sheet	7 to	0
Cash Flow Statement
Notes to the Cash Flow Statement	10
Notes to the Financial Statements	11 to	17

	Balance Sheet 31stDecember 2020
		2020	2019
		Unrestricted	Total
	Notes	fundf	funds
FIXEDASSETS
Tailgllilc assets		3,439	9398
CURRENT ASSETS
Debtors Cash at bank	12	78,169 ~48 712	68,671 ~6677
		126,881	95348
CREDITORS
Amounts falling due within one year	13	(42,469)	(87,855)
NET CURRENT ASSETS		~84412	7493
TOTAL ASSETSLESSCURRENT
LIABILITIES		87,851	16,791
CREDITORS
Amounts falling due afier more than one year	14	(47,500)
NET ASSETS/(LIABILITIES)		~40 51	16791
FUNDS
Unrestricted funds TOTAL FUNDS		~40 51 ~40 51	16791 16791

			for the Year Ended 31	stDecember 2020
				2020	2019
			Notes
Cash flows from operating activities Cash generated from operations			I	~5903	4,609
Net cash (used in)/provided	by	operating	activities	5903	4609
Cash flows from investing	activities
Interest received					12
Net cash provided by investing		activities			12
Cash flows from tinancing	activities
New loans in year Nct cash provided by financing		activities		~50000 ~50000
Change in cash and cash equivalents			in the
reporting period Cash and cash equivalents ofthe reporting period Cash and cash equivalents reporting period	at at	the beginning the end ofthe		44,100 ~4612 ~48712	4,621 ~9) ~4612

RECONCIL	IATION		OF N	ET INCOME TO N	ET CASH FLO	W FROM	OPERATIN	G ACTIV'ITIES
								2020	2019
Nct income	for thc	reporting		period (as pcr thc	Statement ofFinancial
Activities)								23460	370,224
Adjustments	for:
Depreciation	charges							52159	5,859
Intcrcst rcccivcd								(3)	(12)
Decrease m Decrease in	debtors creditors							10402 ~45 21)	28,901 ~400 363)
Net cash (used in)/provided				by operations				5 03	4609
ANALYSIS	OF CASH AND			CASH EQUIVALENTS
								2020	2019
Notice deposits (less Overdrafls included		than 3 months) in bank loans and overdraAs			falling due within	one year		48,712	6,677 ~2065
Total cash and cash		equivalents						~48712	4612
ANALYSIS	OF CHANGES			IN NET FUNDS/(DEBT)
							At 1.1.20	Cash flow	At 31.12.20
							f	f,
Net cash
('.ash at hank Bank overdraA							6,677 ~2065) ~4612	42,035 ~2065 ~44 100	48,712 ~48 712
Debt
Debts falling	duc within		1 year					(2,500)	(2,500)
Debts falling	due aAer		1 year					~47 500	~47 500
Total							~4612	~50000) 5900	~50000) I 288

STAFF COSTS
				2020	2019
Wages and salaries				43/70	50,026
Social secunty costs Other pension costs				22138 588	4,611 ~)272
				~46696	55 909
The average monthly	number ofemployees	during	the year was as follov:s:
				2020	2019
Staff				I	2

TANGIBLE FIXEDAS	SETS
				Fixtures
				and
				fittings
COST
At 1stJanuary 2020 and	31stDecember 2020			~54 695
DEPRECIATION
At lstJanuary 2020 Charge for year				45,397 ~5859
At 31st December 2020				~51256
NET BOOK VALUE
At 31stDecember 2020				3439
At 31st December 2019				9298
DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
			2020	2019
Amounts owed by participating		interests	502130	49,910
Other debtors			8,040	8,040
VAT			6,483	9,006
Prepayments and accrued	income		~12 16	21,715
			~78169	88.671
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2020	2019
Bank loans and overdrafis	(see	note 15)	2400	2,065
Trade creditors			(2,027)	(2,700)
Amounts owed to participating		interests	18,782	64,821
Social security and other	taxes		3,000	2,918
Net wages control				4,421
Other creditors			3,000
Accrued expenses			~17 14	16.330
			~42 469	87 855

				2020	2019
Bank loans (see note 15)				~47 00
LOANS
An analysis ofthe maturity of	loans is given below:
				2020	2019
Amounts falling due withm one year on demand:
Bank overdrafts Bank loans				~200	2,065
				2 00	~2065
Amounts falling between one	and	two years:
Bank loans —1-2years				~10000
Amounts falling due between	two and five year:
Bank loans —2-5 years				~30000
Amounts falling due in more than		five years.
Repayable by instalments:
Bank loans more 5 yr by instal				7400
MOVEMENT IN FUNDS
				Net
				movement	At
			At 1.1.20	in funds	31.12.20
				f.
Unrestricted funds
General fund			16,791	23,560	40351
TOTAL FUNDS			~16791	~23 560	~40 351
Net movement in funds, included		in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
General fund			261,U27	(2377467)	23,56U
TOTAL FUNDS			~261027	~23766	~23560