REGISTERED CHARITY NUMBER: 1117605
Report of the Trustees and
Financial Statements
for the Year Ended 31st December 2020
for
THE RADLETT LAWN TENNIS AND SQUASH CLUB
Daniel Wolfson & Co Ltd
Chartered Accountants
34a Watling Street
Radlett
Hertfordshire
WD7 7NN
THE RADLETT LAWN TENNIS AND SQUASH CLUB
Contents of the Financial Statements FOR THE YEAR ENDED 31ST DECEMBER 2020
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Page |
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Report of the Trustees |
1 |
to |
4 |
Independent Examiner's Report |
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5 |
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Statement of Financial Activities |
|
6 |
|
Balance Sheet |
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7 |
|
Notes to the Financial Statements |
8 |
to |
14 |
Detailed Statement of Financial Activities |
15 |
to |
16 |
THE RADLETT LAWN TENNIS AND SQUASH CLUB
Report of the Trustees
FOR THE YEAR ENDED 31ST DECEMBER 2020
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31stDecember 2020.
ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableinthe UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
TheobjectsoftheClubaretopromotetheamateursportsoftennisandsquashinRadlettandthesurroundingarea and
community participation therein by the provision of facilities for both sports.
Page 1
THE RADLETT LAWN TENNIS AND SQUASH CLUB
Report of the Trustees FOR THE YEAR ENDED 31ST DECEMBER 2020
ACHIEVEMENT AND PERFORMANCE
Intheyearto31December2020,RLTSCcontinuedtomaintainitsplayingfacilitiesandtoprovideopportunitiesfor local
peopletoplaytennisandsquash.WiththeadventoftheCovidpandemicithasbeenaninterestingyearforall sports
clubsandforRLTSCitshasbeennoexception.TheCommitteearepleasedtoreportthattheclubhasweathered the
pandemic extremely well from both a financial and playing number perspective.
Adultplayingmembersagedover30whoprovidethebulkofthemembershipfeesnumbersincreasedbyaround10% to
333attheendofDecember2020reflectingthefactthatoutdoortenniswasasportthatcouldgenerallybe played
during the pandemic enabling more local residents to be aware of the quality of the facilities offered by the club.
Theclubalsoinitiatedacommunitymembershipschemeintheyeartoopenupitsfacilitiestopeoplewhowanted to
playonapayandplaybasisduringthepandemicandafterwards.Thishasbeenverywellreceivedandatotalof 183
community members had joined at the end of the year.
Intheyearto31December2020,RLTSCcontinuedtomaintainitsplayingfacilitiesandtoprovideopportunitiesfor local
peopletoplaytennisandsquash.TheCovidpandemichasmadeitaninterestingyearformostsportsclubs, RLTSC
beingnoexception.TheCommitteearepleasedtoreportthattheclubhasweatheredthepandemicextremelywell from
both a financial and playing number perspective.
Adulttennisplayingmembersagedover30makeupthebulkoftheclub'smembershipandtheirnumberincreased by
around10%to333bytheendofDecember2020,reflectingthefactthatoutdoortenniswasonesportthatcould be
playedduringlockdown,despitethepandemic,enablingmorelocalresidentstobecomeawareofthequalityof the
facilities offered by the club.
Duringtheyeartheclubalsoinitiatedacommunitymembershipschemetoopenitsfacilitiestopeoplewhowanted to
playonapayandplaybasisduringthepandemicandafterwards.Thishasbeenverywellreceivedandatotalof 183
community members had joined by the end of the year.
Financially,theclubweatheredtheimpactofCovidwellutilisingfinancialsupportfromthegovernment,bytaking various
costcuttingmeasuresandthroughthegenerosityofseveralmemberswhocontinuedpayingsubscriptionsas donations
when the club was closed.
TheyeartoDecember2021islikelytobemorechallengingfinancially,astheclubwillremainclosedtoalluntilat least
the29thMarchandgovernmentsupportwillbegreatlyreducedasweeaseoutoflockdown.However,the Trustees
believetheclubhassufficientfinancialresourcestosurviveanyfurtherlockdownsandtheclubiswellpositionedto grow
its membership base once the club re-opens.
Onanongoingbasis,thecluboffersjuniorsandadultsterm-timeandholidaycourses,socialtennisandsquash sessions
andendeavourstoensurethatalllocalchildrenandadultscanparticipateinsomeway,regardlessofability and/or
means.Theclubcontinuesits'pay&play'schemethroughtherevised'communitymembershipscheme',which, whilst
requiringpriorregistrationwiththeclubofficetomeetclubsafety/securitystandards,providesthreeofitstennis courts
tocommunitymembersonapayandplaybasisplusoff-peaksquashcourtsatlowaffordablerates(tocoverheating and
lighting).Theclubalsosupportslocalschoolinitiativesandisrepresentedatschoolfairsandothercommunityevents. A
juniorsocialisheldbetweenMarchandSeptemberonFridayeveningstowhichalljuniorsareinvitedand includes
activitiesonourrecentlycompletedMulti-Sportsfacility.AdultTennisprogrammesincludeclubsocialson Wednesday
evenings,SaturdayafternoonsandSundaymornings,aplayandcoffeemorningonThursdaysandRustyRacquets on
Monday evenings, all of which are well supported.
JordanMiles,ourheadtenniscoach,leftattheendofJanuary2021tobecomeheadcoachatRickmansworth.We would
liketothankJordanforallhishardworkasheadcoachforthepast8years.Wearesurehewillremainin regular
contactashehasbeenassociatedwiththeclubsincehisjuniorplayingdaysandwewishhimeverysuccessin the
future.
Jordanwasparticularlyactiveinbuildingasolidstructureforthejuniortennisplayersandheexpandedthenumber of
groupcoachingsessionsavailabletojuniormembers.Theresultsofthiswereapparentintheimprovedperformances of
manyofourtopperformingjuniorplayers.Twooftheclub'sseniorexistingcoaches,LauraCollinsandChrisMartin, have
eachtakenontheroleofjointheadcoachonatrialtopermanentbasis.Theyhavealreadypresentedadetailedplan to
maintain and improve the existing courses for junior and senior members.
SocialsquashonMondayandFridayeveningscontinuestobepopularandtheclubhashistoricallyrunbothwinter and
summersquashteamsintheHertsLeagueandaVintageteamintheMiddlesexleague.Thecoachesandthe committee
have been developing initiatives to bring tennis and squash at the club closer together and will continue to do so.
Page 2
THE RADLETT LAWN TENNIS AND SQUASH CLUB
Report of the Trustees
FOR THE YEAR ENDED 31ST DECEMBER 2020
Thetrusteescontinuetorespectatalltimestheneedtoincorporatethepublicbenefitintheirrunningoftheclub. The
clubstrivestoofferthebestpossibleplayingfacilitiestothebroadestnumberofpeople,throughsuchmeasures as
mentionedabove,byofferingmeans-testedmembershipsandbybuildingupabursaryfundtohelpthosewhomay not
beabletopayamembershipsubscription.In2021itisintendedtoformanewworkinggrouptofurtherthe bursary
programme, financed by this fund.
RLTSCconstantlystrivestoattractnewmembers,asthisisrecognisedtobethebestwayofkeepingsubscription levels
affordableforthemaximumnumberofpeopleandthetrusteesbelievethataconstanthealthymembershipincome will
enabletheclubtoofferitsfacilitiestothegreatestnumberofpeople,suchasthosenowtakingpartindisabled tennis,
and those who take advantage of the new community membership scheme.
Themajorprojectcompletedthisyearwasimprovementstothecarparkandentranceway,largelyfundedby a
generous donation from Mr John Apthorp's charity, for which the club are most grateful.
Thecommitteeisalwayslookingatopportunitiestoimprovefacilitiesattheclub'scurrentlocationforbothexisting and
newmembersandtoensurethelong-termhealthoftheclubforthebenefitofthecommunity.Thereisanongoing need
togetmoreofthemembersengagedintherunningoftheclubtoensurethatitcanoperatewithinitsmeansand not
havetorelyonthesamehandfulofvolunteers.Likemypredecessor,MrSimonSpalter,Iwouldencourageany members
who feel they are able to step forward.
FINANCIAL REVIEW
Thetrusteesaresatisfiedwiththeclubsfinancialperformancethisyear,judgetheclubtobeinastablefinancial position
andareconfidentthatexistingreservesareadequatetomeetoperationalneeds.Continuedcarefulcostmanagement is
paramountandtheclubcontinuestoregularlyassessitsongoingoperationalandknowncapital expenditure
requirements.
Theaccountsshowanetprofitof£100,327beforedepreciationandapost-depreciationprofitof£65,778.These profits
areusedtobuildupasinkingfundtorenovatethecourtsandotherfacilitieswhenrequiredandfor modest
improvementstotheclub'sinfrastructure.Theclubhadahealthycashbalanceof£253,363at31December2020and a
fixed asset base of £425,354 net of depreciation.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
TheClubisanunincorporatedassociation,constitutedunderadeeddated19March2006.TheClubobtained its
charitablestatusfromtheCharityCommissionforEnglandandWaleson17January2007.Priortothatdate,the Club
was an unincorporated association registered as a Community Amateur Sports Club.
TheconstitutionprovidesthataGeneralCommitteewillmanagetheclubandthatthemembersofthiscommitteewill be
trusteesofthecharity.TheGeneralCommitteeshallcomprisenotmorethan13committeememberswhowillbe elected
individually by the Members of the Club at the Annual General Meeting.
Trusteesarerequiredtoretireannuallyandareentitledtoofferthemselvesforre-electionattheAnnual General
Meeting.AnyMemberoftheClubisentitledtostandforelectiontotheGeneralCommitteeattheAnnual General
Meeting provided he has two sponsoring Members of the Club.
The General Committee will normally meet at least four times a year to review the management of the Club.
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1117605
Principal address
425 Watling Street
Radlett
Hertfordshire
WD7 7JG
Page 3
THE RADLETT LAWN TENNIS AND SQUASH CLUB
Report of the Trustees FOR THE YEAR ENDED 31ST DECEMBER 2020
Trustees
Mr S Spalter Honorary Chairman (resigned 17.6.20)
Mr K Costi Honorary Chairman (appointed 17.6.20)
Mr S G J Hancock Honorary Treasurer
Mr M Jaffa Honorary Tennis Chairman (resigned 17.6.20)
Mr N Jacobs (resigned 17.6.20)
Mr D Wickham Honorary Secretary
Ms A Argyle Honorary Tennis Chairman (appointed 17.6.20)
Mr G Green Honorary Squash Chairman (appointed 17.6.20)
Ms S Lynch
Ms F Pick (appointed 5.7.20)
Ms D Irwin (appointed 17.6.20)
Independent Examiner
Daniel Wolfson FCA
ICAEW
Daniel Wolfson & Co Ltd
Chartered Accountants
34a Watling Street
Radlett
Hertfordshire
WD7 7NN
Bankers
Barclays Bank
Baker Street
PO Box 45D
93 Baker Street
London
W1A 4SD
President
Ms J Underwood
Club Administrator
Ms J Taylor
Approved by order of the board of trustees on 30th April 2021 and signed on its behalf by:
Mr K Costi - Trustee
Page 4
Independent Examiner's Report to the Trustees of The Radlett Lawn Tennis and Squash Club
Independent examiner's report to the trustees of The Radlett Lawn Tennis and Squash Club
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheRadlettLawnTennisandSquashClub (the
Trust) for the year ended 31st December 2020.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutundersection145oftheActandincarrying out
myexaminationIhavefollowedallapplicableDirectionsgivenbytheCharityCommissionundersection145(5)(b)of the
Act.
Independent examiner's statement
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalistedbody.Ican confirm
thatIamqualifiedtoundertaketheexaminationbecauseIamaregisteredmemberofICAEWwhichisoneofthe listed
bodies.
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhichattention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Daniel Wolfson FCA
ICAEW
Daniel Wolfson & Co Ltd
Chartered Accountants
34a Watling Street
Radlett
Hertfordshire
WD7 7NN
30th April 2021
Page 5
THE RADLETT LAWN TENNIS AND SQUASH CLUB
Statement of Financial Activities FOR THE YEAR ENDED 31ST DECEMBER 2020
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
63,009
Charitable activities
5
Coaching
114,301
Entrance, visitor and court fees
29,839
Tournaments and leagues
461
Subscriptions
87,301
Other trading activities
3
10,177
Investment income
4
9,698
Total
314,786
EXPENDITURE ON
Charitable activities
6
Coaching
94,610
Tournaments and leagues
760
Charity administration & overheads
138,847
Affiliation and registration
2,360
Advertising & promotion
468
Governance costs
2,468
Other resources expended
9,495
Total
249,008
NET INCOME
65,778
RECONCILIATION OF FUNDS
Total funds brought forward
540,045
TOTAL FUNDS CARRIED FORWARD
605,823 |
Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
- |
2020
Total
funds
£
63,009
114,301
29,839
461
87,301
10,177
9,698
314,786
94,610
760
138,847
2,360
468
2,468
9,495
249,008
65,778
540,045
605,823 |
2019
Total
funds
£
25,523
93,567
15,921
9,410
136,027
19,789
10,862 |
|
|
|
311,099
84,271
6,683
167,620
2,830
844
2,606
19,252 |
|
|
|
284,106 |
|
|
|
26,993
513,052 |
|
|
|
540,045 |
The notes form part of these financial statements
Page 6
THE RADLETT LAWN TENNIS AND SQUASH CLUB
Balance Sheet
31ST DECEMBER 2020
Notes
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Stocks
12
Debtors
13
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
PROVISIONS FOR LIABILITIES
15
NET ASSETS
FUNDS
16
Unrestricted funds
TOTAL FUNDS |
Unrestricted
funds
£
425,354
3,236
9,693
253,363
266,292
(64,991)
201,301
626,655
(20,832)
605,823 |
Restricted
fund
£
-
-
-
-
-
-
-
-
-
- |
2020
Total
funds
£
425,354
3,236
9,693
253,363
266,292
(64,991)
201,301
626,655
(20,832)
605,823
605,823
605,823 |
2019
Total
funds
£
388,113
6,519
10,341
169,959
186,819
(34,887)
151,932
540,045
-
540,045
540,045
540,045 |
|
|
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon30thApril2021and were
signed on its behalf by:
Mr S G J Hancock - Trustee
Mr K Costi - Trustee
The notes form part of these financial statements
Page 7
THE RADLETT LAWN TENNIS AND SQUASH CLUB
Notes to the Financial Statements FOR THE YEAR ENDED 31ST DECEMBER 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland'andthe Charities
Act 2011. The financial statements have been prepared under the historical cost convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.
Clubhouse & grounds |
- 2% on cost |
Tennis and squash court surfaces |
- 10% on cost |
Furniture and equipment |
- 20% on cost |
Clubhouse improvements |
- 10% on cost |
Stocks
Stocksarevaluedatthelowerofcostandnetrealisablevalue,aftermakingdueallowanceforobsoleteand slow
moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
DONATIONS AND LEGACIES |
|
|
|
2020 |
2019 |
|
£ |
£ |
Gifts, donations and grants |
63,009 |
25,523 |
continued...
Page 8
THE RADLETT LAWN TENNIS AND SQUASH CLUB
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
3.
OTHER TRADING ACTIVITIES
Bar takings
Social functions
Merchandising
4.
INVESTMENT INCOME
Bank interest
Rent receivable
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Coaching
Coaching
Entrance, visitor and court
fees
Entrance, visitor and court fees
Tournaments and leagues
Tournaments and leagues
Member subscriptions
Subscriptions
6.
CHARITABLE ACTIVITIES COSTS
Coaching
Tournaments and leagues
Charity administration & overheads
Affiliation and registration
Advertising & promotion
Governance costs
Other resources expended |
Direct
Costs
£
94,610
760
-
2,360
-
-
9,495
107,225 |
2020
£
10,177
-
-
10,177
2020
£
214
9,484
9,698
2020
£
114,301
29,839
461
87,301
231,902
Support
costs (see
note 7)
£
-
-
138,847
-
468
2,468
-
141,783 |
2019
£
18,607
1,041
141
19,789
2019
£
464
10,398
10,862
2019
£
93,567
15,921
9,410
136,027
254,925
Totals
£
94,610
760
138,847
2,360
468
2,468
9,495 |
2019
£
18,607
1,041
141
19,789
2019
£
464
10,398
10,862
2019
£
93,567
15,921
9,410
136,027 |
2019
£
18,607
1,041
141 |
|
|
|
|
|
19,789 |
|
|
|
|
|
2019
£
464
10,398 |
|
|
|
|
|
10,862 |
|
|
|
|
254,925 |
|
|
|
|
249,008 |
|
|
continued...
Page 9
THE RADLETT LAWN TENNIS AND SQUASH CLUB
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
7. SUPPORT COSTS
SUPPORT COSTS |
|
|
|
|
|
|
|
|
|
Governance |
|
|
Management |
|
Other |
costs |
Totals |
|
£ |
|
£ |
£ |
£ |
Charity administration & overheads |
|
- |
138,847 |
- |
138,847 |
Advertising & promotion |
468 |
|
- |
- |
468 |
Governance costs |
|
- |
- |
2,468 |
2,468 |
|
468 |
|
138,847 |
2,468 |
141,783 |
Support costs, included in the above, are as follows: |
|
|
|
|
|
Management |
|
|
|
|
|
|
|
|
|
2020 |
2019 |
|
|
|
|
Advertising |
Total |
|
|
|
|
& promotion |
activities |
|
|
|
|
£ |
£ |
Advertising |
|
|
|
468 |
844 |
Other |
|
|
|
|
|
|
|
|
|
2020 |
2019 |
|
|
|
|
Charity |
|
|
|
|
|
administration |
Total |
|
|
|
|
& overheads |
activities |
|
|
|
|
£ |
£ |
Wages & salaries |
|
|
|
24,209 |
26,118 |
Rates, insurance & utilities |
|
|
|
15,650 |
20,868 |
Upkeep & maintenance |
|
|
|
53,561 |
55,295 |
Depreciation of tangible fixed assets |
|
|
|
34,549 |
51,075 |
Office and club administration |
|
|
|
10,878 |
14,264 |
|
|
|
|
138,847 |
167,620 |
Governance costs |
|
|
|
|
|
|
|
|
|
2020 |
2019 |
|
|
|
|
Governance |
Total |
|
|
|
|
costs |
activities |
|
|
|
|
£ |
£ |
Examiner's fees |
|
|
|
2,100 |
2,100 |
Professional fees |
|
|
|
368 |
506 |
|
|
|
|
2,468 |
2,606 |
8. TRUSTEES' REMUNERATION AND BENEFITS
No trustees received remuneration or benefits during the year.
Trustees' expenses
Trustees'expenseshavebeenreimbursedwheresmallinnature,supportedbyvouchersandwholly and
exclusively for the benefit of the charity.
continued...
Page 10
THE RADLETT LAWN TENNIS AND SQUASH CLUB
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
9. STAFF COSTS
|
2020 |
2019 |
|
|
|
Bar Staff |
2,171 |
5,308 |
Office Admin |
30,538 |
26,118 |
|
|
|
|
32,709 |
31,426 |
|
|
|
The average monthly number of employees during the year was as follows:
Bar staff
Management and administration |
2020
1
3
4 |
2019
1
2 |
|
|
3 |
No employees received emoluments in excess of £60,000.
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
25,523
Charitable activities
Coaching
93,567
Entrance, visitor and court fees
15,921
Tournaments and leagues
9,410
Subscriptions
136,027
Other trading activities
19,789
Investment income
10,862
Total
311,099
EXPENDITURE ON
Charitable activities
Coaching
84,271
Tournaments and leagues
6,683
Charity administration & overheads
167,620
Affiliation and registration
2,830
Advertising & promotion
844
Governance costs
2,606
Other resources expended
19,252
Total
284,106
NET INCOME
26,993
RECONCILIATION OF FUNDS
Total funds brought forward
513,052 |
Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
- |
Total
funds
£
25,523
93,567
15,921
9,410
136,027
19,789
10,862 |
|
|
311,099
84,271
6,683
167,620
2,830
844
2,606
19,252 |
|
|
284,106 |
|
|
26,993
513,052 |
continued...
Page 11
THE RADLETT LAWN TENNIS AND SQUASH CLUB
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
10. |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|
|
|
|
|
|
Unrestricted |
|
Restricted |
Total |
|
|
|
|
funds |
|
fund |
funds |
|
|
|
|
£ |
|
£ |
£ |
|
TOTAL FUNDS CARRIED FORWARD |
|
|
540,045 |
|
- |
540,045 |
11. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
|
|
|
Tennis |
|
|
|
|
|
|
|
and |
|
|
|
|
|
|
|
squash |
Furniture |
|
|
|
|
|
Clubhouse |
court |
and |
Clubhouse |
|
|
|
|
& grounds |
surfaces |
equipment |
improvements |
|
Totals |
|
|
£ |
£ |
£ |
|
£ |
£ |
|
COST |
|
|
|
|
|
|
|
At 1st January 2020 |
259,035 |
343,575 |
27,566 |
292,853 |
|
923,029 |
|
Additions |
68,940 |
2,850 |
- |
|
- |
71,790 |
|
At 31st December 2020 |
327,975 |
346,425 |
27,566 |
292,853 |
|
994,819 |
|
DEPRECIATION |
|
|
|
|
|
|
|
At 1st January 2020 |
121,255 |
122,190 |
25,885 |
265,586 |
|
534,916 |
|
Charge for year |
2,693 |
22,859 |
488 |
|
8,509 |
34,549 |
|
At 31st December 2020 |
123,948 |
145,049 |
26,373 |
274,095 |
|
569,465 |
|
NET BOOK VALUE |
|
|
|
|
|
|
|
At 31st December 2020 |
204,027 |
201,376 |
1,193 |
18,758 |
|
425,354 |
|
At 31st December 2019 |
137,780 |
221,385 |
1,681 |
|
27,267 |
388,113 |
12. |
STOCKS |
|
|
|
|
|
|
|
|
|
|
|
2020 |
|
2019 |
|
|
|
|
|
|
£ |
£ |
|
Stocks |
|
|
|
|
3,236 |
6,519 |
13. |
DEBTORS: AMOUNTS FALLING |
DUE WITHIN ONE YEAR |
|
|
|
|
|
|
|
|
|
|
2020 |
|
2019 |
|
|
|
|
|
|
£ |
£ |
|
Other debtors |
|
|
|
|
240 |
1,768 |
|
Prepayments and accrued income |
|
|
|
|
9,453 |
8,573 |
|
|
|
|
|
|
9,693 |
10,341 |
continued...
Page 12
THE RADLETT LAWN TENNIS AND SQUASH CLUB
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Other creditors
Accruals
Deferred income
15.
PROVISIONS FOR LIABILITIES
Provisions
16.
MOVEMENT IN FUNDS
Unrestricted funds
General reserve
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General reserve
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General reserve
TOTAL FUNDS |
At 1.1.20
£
540,045
540,045
Incoming
resources
£
314,786
314,786
At 1.1.19
£
513,052
513,052 |
|
|
|
|
|
|
|
continued...
Page 13
THE RADLETT LAWN TENNIS AND SQUASH CLUB
Notes to the Financial Statements - continued FOR THE YEAR ENDED 31ST DECEMBER 2020
16. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General reserve
TOTAL FUNDS |
Incoming
resources
£
311,099
311,099 |
Resources
Movement
expended
in funds
£
£
(284,106)
26,993
(284,106)
26,993 |
Resources
Movement
expended
in funds
£
£
(284,106)
26,993
(284,106)
26,993 |
|
|
|
26,993 |
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General reserve
TOTAL FUNDS |
At 1.1.19
£
513,052
513,052 |
Net
movement
in funds
£
92,771
92,771 |
At
31.12.20
£
605,823 |
|
|
|
605,823 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheabove are
as follows:
Unrestricted funds
General reserve
TOTAL FUNDS |
Incoming
resources
£
625,885
625,885 |
Resources
Movement
expended
in funds
£
£
(533,114)
92,771
(533,114)
92,771 |
Resources
Movement
expended
in funds
£
£
(533,114)
92,771
(533,114)
92,771 |
|
|
|
92,771 |
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2020.
Page 14
THE RADLETT LAWN TENNIS AND SQUASH CLUB
Detailed Statement of Financial Activities
FOR THE YEAR ENDED 31ST DECEMBER 2020
2020
£
INCOME AND ENDOWMENTS
Donations and legacies
Gifts, donations and grants
63,009
Other trading activities
Bar takings
10,177
Social functions
-
Merchandising
-
10,177
Investment income
Bank interest
214
Rent receivable
9,484
9,698
Charitable activities
Coaching
114,301
Entrance, visitor and court fees
29,839
Tournaments and leagues
461
Member subscriptions
87,301
231,902
Total incoming resources
314,786
EXPENDITURE
Charitable activities
Coaching
94,610
Tournament & leagues
760
Affiliations & registration
2,360
Other resources expended
9,495
107,225
Support costs
Management
Advertising
468
Other
Wages & salaries
24,209
Rates, insurance & utilities
15,650
Upkeep & maintenance
53,561
Depreciation of tangible fixed assets
34,549
Office and club administration
10,878
138,847
Governance costs
Examiner's fees
2,100
Carried forward
2,100 |
2019
£
25,523
18,607
1,041
141 |
|
19,789
464
10,398 |
|
10,862
93,567
15,921
9,410
136,027 |
|
254,925 |
|
311,099
84,271
6,683
2,830
19,252 |
|
113,036
844
26,118
20,868
55,295
51,075
14,264 |
|
167,620
2,100
2,100 |
This page does not form part of the statutory financial statements
Page 15
THE RADLETT LAWN TENNIS AND SQUASH CLUB
Detailed Statement of Financial Activities FOR THE YEAR ENDED 31ST DECEMBER 2020
Detailed Statement of Financial Activities
FOR THE YEAR ENDED 31ST DECEMBER 2020 |
|
2020
£
Governance costs
Brought forward
2,100
Professional fees
368
2,468
Total resources expended
249,008
Net income
65,778 |
2019
£
2,100
506 |
|
2,606 |
|
284,106 |
|
26,993 |
This page does not form part of the statutory financial statements
Page 16