| Page | ||||
|---|---|---|---|---|
| Reference and Administrative | Details ofthe Company, | its Trustees and Advisers | ||
| Trustees' Report |
||||
| Independent Auditors' |
Report | on the Financial Statements | 14 - 17 | |
| Statement of Financial | ActiviTies | |||
| Balance Sheet | ||||
| Statement ofCash Flows | 20 | |||
| Notes tothe Financial | Statements | 21 - 34 |
| Trustees | Susan Lesley Dora, (Chair), Director | Susan Lesley Dora, (Chair), Director | ||
|---|---|---|---|---|
| Aleaandra Cole, Trustee (resigned |
11 October 2021) | |||
| Anna Clare Hall, Trustee | ||||
| Paul David Harrod, Trustee | ||||
| Tabinda Rashid- Fadel, Trustee |
||||
| Will Brawn, Trustee | ||||
| Guy Buckiand, Trustee | ||||
| Simon Russell, Trustee | ||||
| Neil Higginson, Trustee (resigned |
26 April 2021) | |||
| Company | registered | |||
| number | 05794916 | |||
| Charity registered | ||||
| number | 1114495 | |||
| Company | secretary | Steve Nelson | ||
| independent | auditors | Bishop Fleming LLP |
||
| Chartered Accountants |
||||
| 10Temple Back | ||||
| Bristol | ||||
| BS16FL | ||||
| Bankers | Santander | |||
| Avon Street | ||||
| Bristol | ||||
| B62 OEL |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| Note | 2022 E |
2022f | 2022 E |
2021 E |
|||
| Income from: | |||||||
| Oonabans and |
legacies | 259,417 | 1,784,394 | 2,043,811 | 790,038 | ||
| Chadtable activities |
126,494 | 2,884 | 129,378 | 78,781 | |||
| Investments | 1,234 | 1,234 | 1,281 | ||||
| Other income | 91,767 | 91,767 | 3,'700 | ||||
| Total income | 478,912 | 1,787,278 | 2,266,190 | 873,800 | |||
| Expenditure on: |
|||||||
| Charitable activities |
6 | 350,567 | 1,118,998 | 1,469,565 | 863,089 | ||
| Total expenditure | 350,567 | 1,118,998 | 1,469,565 | 863,089 | |||
| Net movement | in funds | 128,345 | 668,280 | 796,625 | 10,711 | ||
| Reconciliation | offunds: | ||||||
| Total funds brought | forward | 209,355 | 249,701 | 459,056 | 446,345 | ||
| Net movement | in funds | 128,345 | 668,280 | 796,625 | 10,711 | ||
| Total funds carried forward | 337,700 | 917,981 | 1,255,681 | 459,056 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | 6 | |||||
| Current assets | ||||||
| Debtors | 11 | 7,107 | 23,653 | |||
| Cash at bank and in hand | 1,380,282 | 525,080 | ||||
| 1,387,389 | 548,733 | |||||
| Creditors: amounts |
falling due within one | |||||
| year | 12 | (131,708) | (89,677) | |||
| Net current assets | 1,265,681 | 459,055 | ||||
| Total assets less current liabilities | 1,255,681 | 459,056 | ||||
| Total net assets | 1,255,681 | 459,056 | ||||
| Charity funds | ||||||
| Restricted funds | 13 | 917,991 | 249,701 | |||
| Unrestricted funds |
13 | 337,700 | 209,355 | |||
| Total funds | 1,255,681 | 459,056 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| 5 | f | ||||
| Cash flows from operating | activities | ||||
| Net cash used in operating |
activities | 853,968 | 8,260 | ||
| Cash flows from investing | activities | ||||
| investment income received |
1,234 | 1,281 | |||
| Net cash provided by investing actwities |
1,234 | 1,281 | |||
| Cash flows from financing | activities | ||||
| Net cash provided by financing activities |
|||||
| Change in cash and cash |
equivalents in |
the year | 855,202 | 9,541 | |
| Cash and cash equivalents | at the beginning | ofthe year | 525,080 | 515,539 | |
| Cash and cash equivalents | at the end of | the year | 1,380,282 | 525,080 | |
| The notes on pages 21 to 34form part ofthese financial | statements |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2822 | 2021 | ||
| 6 | 6 | 6 | E | ||
| Grants | 259,417 | 1,784,394 | 2,043,811 | 790,038 | |
| TOTAL | 2021 | 264,217 | 525,821 | 790,038 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 6 |
2022f | 2D22 6 |
2021 6 |
||
| Core and operational | services | 126,494 | 2,884 | 129,378 | 78,781 |
| TOTAL 2D21 | 78,781 | 78,781 |
| Llnrestdicted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2D22 | 2021 | ||
| 6 | 6 | 6 | ||
| Interest | on deposit accounts | 1,234 | 1,234 | 1,281 |
| TOTAL | 2021 | 1,281 | 1,281 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| 6 | ||||
| Pension | income | 91,767 | 91,767 | 3,700 |
| TOTAL | 2021 | 3,700 | 3,700 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022f | 2022 6 |
2021 6 |
||
| Core and operational | services | 253,192 | 253,192 | 323,653 | |
| Sport England | 681,668 | 881,666 | 499,538 | ||
| NGB projects | 1,473 | 1,473 | 1,925 | ||
| Grant funding | 235,859 | 235,859 | 37,973 | ||
| Tennis | 97,375 | 97,375 | |||
| 350,567 | 1,118,998 | 1,469,565 | 863,089 | ||
| TOTAL 2021 | 323,653 | 539,436 | 863,089 |
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Support | Total | Total | ||
| directly | costs | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| 6 | 6 | 6 | 6 | ||
| Core and operational | services | 168,632 | 84,560 | 253,192 | 323,653 |
| Sport England | 870,860 | 10,806 | 881,666 | 499,538 | |
| NGB projects | 1,473 | 1)473 | 1,925 | ||
| Grant funding | 228,801 | 7,056 | 235,859 | 37,973 | |
| Tennis | 86,112 | 11,263 | 97,375 | ||
| 1,355,878 | 113,687 | 1,469,565 | 863,089 | ||
| TOTAL 2021 | 767,751 | 95,338 | 863,089 |
| Core and | ||||
|---|---|---|---|---|
| operational | Sport | NGB | Grant | |
| services | England | projects | funding | |
| 2D22 | 2022 | 2022 | 2022 | |
| K | 5 | 8 | ||
| Staff costs | 157,906 | 302,704 | 28,737 | |
| Delivery costs | 10,656 | 26,527 | 18 | 43,466 |
| Grants for delivery | 70 | 541,629 | 1,455 | 156,596 |
| 168,632 | 870,860 | 1,473 | 228,601 | |
| TOTAL 2021 | 237,461 | 490,593 | 1,925 | 37,772 |
| Total | Total | |||
| Tennis | funds | funds | ||
| 2D22 | 2022 | 2021 | ||
| 6 | ||||
| Staff costs | 40,780 | 530,127 | 482,713 | |
| Delivery costs | 45,332 | 125,999 | 44,845 | |
| Grants for delivery | 899,752 | 240,193 | ||
| 86,112 | 1,355,878 | 767,751 | ||
| TOTAL2021 | 767,751 |
| Core and | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| operational | Sport | NGB | Grant | Total | Total | |||||
| services | England | projects | funding | funds | funds | |||||
| 2022 6 |
2022f | 2022 | 2022' F |
2022 | 2021 6 |
|||||
| General | ||||||||||
| mangement | (inc, | |||||||||
| office | and staff | |||||||||
| expenses) | 47,925 | 9,493 | 5,850 | 8,524 | 7'1,792 | 45,537 | ||||
| Iylarketing and |
||||||||||
| communications | 558 | 248 | 39 | 845 | 544 | |||||
| Consultancy | 23,005 | 1,313 | 960 | 2,700 | 27,978 | 35,184 | ||||
| Governs | n ce | 13,072 | 13,072 | 14,073 | ||||||
| 84,560 | 10,806 | 7,058 | 11,263 | 113,687 | 95,338 | |||||
| TOTAL | 2021 | 86,192 | 8,945 | 20'I | 95,338 | |||||
| AUDITORS' REMUNERATION | ||||||||||
| 2022 | 202'I | |||||||||
| 2 | 6 | |||||||||
| Fees payable | to the | Charity's auditor |
in | respect of: | ||||||
| Auditors' | remuneration | - audit | 4,500 | 3,750 | ||||||
| Auditors' | remuneration | - other services | 1,500 | 1,250 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| 2 | 6 | ||||
| Wages and | salaries | 408,841 | 368,935 | ||
| Social security costs | 35,845 | 35,698 | |||
| Contribution | to defined | contribution | pension schemes | 85,441 | 78,080 |
| 530,127 | 482,713 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| No. | bio. | |||
| Senior Management | Team | 2 | ||
| Development | officers | and administration | 13 | 11 |
| 15 |
| 2022 | 2021 |
|---|---|
| No, | No. |
| 2022 | 2021 | ||
|---|---|---|---|
| 8 | |||
| DUE WITHIN | ONE YEAR | ||
| Trade debtors | 297 | 17,286 | |
| Prepayments | and accrued Income | 6,810 | 6,367 |
| 7,107 | 23,653 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | E | |||
| Trade creditors | 72,788 | 23,266 | ||
| Other taxation | and social security | 10,471 | 8,804 | |
| Pension fund loan payable | 26,499 | 7,495 | ||
| Accruals and deferred | Income | 2'I,950 | 50,112 | |
| 131,708 | 69,677 |
| STATE | MENT OF FUNDS - PRIOR YEAR | ||||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at | 3'I March | ||||
| 1 | April 2020 | Income | Expenditure | 2021 | |
| 5 | |||||
| UNRESTRICTED FUNDS | |||||
| Wesport | Core and Operational | 185,029 | 347,979 | (323,653) | 209,355 |
| RESTRICTED FUNDS | |||||
| Sport England | 202,113 | 416,921 | (499,538) | 119,496 | |
| NGB Pro)ects | 3,398 | (1,925) | 1,473 | ||
| Other Grant Funding | 57,805 | 108,900 | (37,973) | 128,732 | |
| 263,316 | 525,821 | (539,436) | 249,701 | ||
| TOTAL | OF FUNDS | 446,345 | 873,800 | (863,089) | 459,056 |
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | |||||
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | - CURRENT YEAR | ||||
| Unrestricted | Restricted | Total | |||
| funds | fvnds | funds | |||
| 2022 | 2022 | 2022 | |||
| 5 | 5 | ||||
| Current | assets | 420,727 | 966,662 | 1,387,389 | |
| Creditors | due within one year | (83,027) | (48,681) | (131,708) | |
| 1OTAL | 337,700 | 917,981 | 1,255,681 |
| Unrestricted | Restricted | Total | |||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||
| 2021 | 2021 | 2021 | |||||
| E | E | ||||||
| Current | assets | 252,249 | 255,484 | 548,733 | |||
| Creditors | due | within | one | year | (72,594) | (15,783) | (89,677) |
| 209,355 | 249,701 | 459,056 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| E | |||||
| Net income | for the year (as per Statement | ofFinancial Activities) | 796,625 | 10,711 | |
| ADJUSTMENTS FOR: | |||||
| Investment | Income received |
(1,234) | (1,281) | ||
| Decrease/(increase) in debtors |
16,546 | (21,462) | |||
| Increase in |
creditors | 42,031 | 20,292 | ||
| NET CASH | PROVIDED BYOPERATING ACTIVITIES | 853,968 | 8,260 | ||
| 16. | ANALYSIS | OF CASH AND CASH EQUIVALENTS | |||
| 2022 | 2021 | ||||
| E | E | ||||
| Cash in hand | 1,380,282 | 525,080 | |||
| TOTAL CASH A}IIDCASH EQUIVALENTS | 1,380,282 | 525,080 |
| At 1 April | At 31 INarch | ||||||
|---|---|---|---|---|---|---|---|
| 2021 | Cash flows f |
2022 E |
|||||
| Cash | at | bank and | in hand | 525,080 | 855,202 | 1,380,282 | |
| Debt | due | within | 1 | year | (7,495) | (19,004) | (26,499) |
| 517,585 | 836,198 | 1,353,783 |
| 2022f | 2021f | |||||
|---|---|---|---|---|---|---|
| Not later than 1 year |
8,530 | 8,530 | ||||
| During (202'I: |
the year f17,060 has been f17,060) |
recognised | in expenditure | in relation | to operating lease |
payments |