REGISTERED CHARITY NUMBER: 1117605
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022
FOR
THE RADLETT LAWN TENNIS AND SQUASH CLUB
Daniel Wolfson & Co Ltd 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 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Statement of Financial Position | 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 2022
The trustees present their report with the financial statements of the charity for the year ended 31st December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
The objects of the Club are to promote the amateur sports of tennis and squash in Radlett and the surrounding area and community participation therein by the provision of facilities for both of these sports.
Page 1
THE RADLETT LAWN TENNIS AND SQUASH CLUB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2022
ACHIEVEMENT AND PERFORMANCE
RLTSC has consolidated our increased membership numbers vs the pre-lockdown levels contributing to the club being in a strong financial position, thereby allowing the club to invest in a number of upgrades to our playing facilities, ensuring the long-term health of the club and providing opportunities for local people to play tennis and squash.
Adult playing members aged over 30 provide the bulk of the membership fees. At the end of December 2022, we had 442 members in this category, marginally lower than at December 2021. 'Junior' membership, at 394 members, is at a similar level to last year. Overall, including community members, RLTSC had 1,066 members at December 2022.
Our sustained level of increased membership numbers drove higher subscription income although primarily driven by the lockdown closure of 3 months in 2021. In addition, the club derives additional income from both entrance and court fees as well as camps and tennis schools run by our Head Coaches. After significant investment in 2021 including LED lights for Courts 1-6, new patio and a car park upgrade, in 2022, we replaced fencing around our main tennis courts. We plan to further upgrade the club's facilities during 2023 including repairs to squash courts.
The Trustees continue to consider the club's strategy for a scale investment in its tennis & squash core areas. We are currently considering investment in a covered padel facility, subject to planning approval, which would also require approval by the membership at an EGM.
On an ongoing basis the club offers juniors and adults term-time and holiday courses, social tennis, competitive tennis and squash sessions and endeavours to ensure that all local children and adults can participate in some way, regardless of ability and/or means. The club continues its 'pay & play' scheme through the 'community membership scheme' - currently 150 members - providing five of its tennis courts to community members on a pay and play basis plus off-peak squash courts at low affordable rates (to cover heating and lighting). The club also supports local schools' initiatives and is represented at school fairs and other community events. A junior social is held between March and September on Friday evenings to which all juniors are invited and includes activities on our multi-Sports facility. Adult tennis programmes include club socials on Wednesday evenings, Saturday afternoons and Sunday mornings, a play and coffee morning on Thursdays and Rusty Racquets on Monday evenings, all of which are well supported.
The focus of our Joint Head Tennis Coaches, Laura Collins and Chris Martin, is to ensure that the coaching team delivers a programme of activities to support the membership of the club and the broader community. RLTSC has tennis teams in a number of district and county leagues and well attended playing socials from beginners to advanced. Lee Rossiter, the Head Squash Coach, manages a thriving squash and racquetball participation consolidating increases in membership largely driven by the closure of some neighbouring clubs. Utilisation of squash courts has increased to close to full capacity. Social squash on Monday and Friday evenings continues to be popular and the club has historically run both winter and summer squash teams in the Herts League and a Vintage team in the Middlesex league. We offer a strong junior section with sessions on a Saturday and Sunday. The coaches and the committee have been developing initiatives to bring tennis and squash at the club closer together and will continue to do so.
The trustees continue to respect at all times the need to incorporate the public benefit in their running of the club. The club strives to offer the best possible playing facilities to the broadest number of people, through such measures as mentioned above e.g. community members, and by building up a bursary fund to support our charitable activities. In the post-lockdown period, we are now renewing our programme e.g. coaching for children with disabilities at Radlett Lodge School, offering camps and training events to school children throughout the year. We have held several charity-raising events during the year. We continue to provide in-house coach led events, free to members and also open to non-members.
RLTSC constantly strives to attract new members, as this is recognised to be the best way of keeping subscription levels affordable for the maximum number of people and the trustees believe that a constant healthy membership income will enable the club to offer its facilities to the greatest number of people, such as those now taking part in disabled tennis, and those who take advantage of the community membership scheme.
The club continues to be generously supported by John Apthorp and his charity.
A number of new and existing members have become engaged in the running of the club to ensure that it can operate efficiently and within its means. With the increased membership, I would encourage any members, who feel they are able, to step forward to help operate the club.
Page 2
THE RADLETT LAWN TENNIS AND SQUASH CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022
FINANCIAL REVIEW
The trustees are satisfied with the club's financial performance this year, judge the club to be in a stable financial position and are confident that existing reserves are adequate to meet operational needs. Continued careful cost management is paramount and the club continues to regularly assess its ongoing operational and known capital expenditure requirements.
The accounts show a net profit of £118,701 before depreciation and a post-depreciation profit of £51,899. These profits are used to build up a sinking fund to renovate the courts and other facilities, when required, and for improvements to the club's infrastructure. The club had a healthy cash balance of £411,952 at 31 December, 2022 and a fixed asset base of £412,129, net of depreciation.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Club is an unincorporated association, constituted under a deed dated 19 March, 2006. The Club obtained its charitable status from the Charity Commission for England and Wales on 17 January, 2007. Prior to that date, the Club was an unincorporated association registered as a Community Amateur Sports Club.
The constitution provides that a General Committee will manage the club and that the members of this committee will be trustees of the charity. The General Committee shall comprise not more than 13 committee members who will be elected individually by the Members of the Club at the Annual General Meeting.
Trustees are required to retire annually and are entitled to offer themselves for re-election at the Annual General Meeting. Any Member of the Club is entitled to stand for election to the General Committee at the Annual 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.
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure 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
Trustees
Mr K Costi - Honorary Chairman Ms A Argyle - Honorary Tennis Chairman Mr G Green Honorary Squash Chairman (resigned 1.2.22) Ms F Pick (resigned 23.6.22) Ms D Irwin (resigned 9.12.22) Mr A Gamsa - Honorary Secretary Mr D Gilbert - Honorary Treasurer Mr M Roycroft - Honorary Squash Chairman (appointed 1.2.22) Mrs M Flower-Ellis - Honorary Membership Secretary (appointed 23.6.22)
Independent Examiner
Sumit Agarwal Daniel Wolfson & Co Ltd 34a Watling Street Radlett Hertfordshire WD7 7NN
Page 3
THE RADLETT LAWN TENNIS AND SQUASH CLUB
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022
REFERENCE AND ADMINISTRATIVE DETAILS Bankers
Barclays Bank Baker Street PO Box 45D 93 Baker Street London W1A 4SD
President
Ms J Underwood
Club Administrator
Ms J Taylor Ms N Eldred
Approved by order of the board of trustees on 31st May 2023 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
I report to the charity trustees on my examination of the accounts of The Radlett Lawn Tennis and Squash Club (the Trust) for the year ended 31st December 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Chartered Institute of Management Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Sumit Agarwal
Daniel Wolfson & Co Ltd 34a Watling Street Radlett Hertfordshire WD7 7NN
31st May 2023
Page 5
THE RADLETT LAWN TENNIS AND SQUASH CLUB
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 11,717 Charitable activities 5 Coaching 150,973 Entrance, visitor and court fees 28,276 Tournaments and leagues 8,105 Subscriptions 191,339 Other trading activities 3 32,306 Investment income 4 13,610 Total 436,326 EXPENDITURE ON Charitable activities 6 Coaching 117,301 Tournaments and leagues 6,553 Charity administration and overheads 218,745 Affiliation and registration 2,879 Advertising and promotion - Governance costs 2,593 Other resources expended 36,356 Total 384,427 NET INCOME 51,899 RECONCILIATION OF FUNDS Total funds brought forward 708,948 TOTAL FUNDS CARRIED FORWARD 760,847 |
Restricted fund £ - - - - - - - - - - - - - - - - - - - |
2022 Total funds £ 11,717 150,973 28,276 8,105 191,339 32,306 13,610 436,326 117,301 6,553 218,745 2,879 - 2,593 36,356 384,427 51,899 708,948 760,847 |
2021 Total funds £ 52,302 135,400 20,497 6,435 158,175 25,385 9,998 |
|---|---|---|---|
| 408,192 | |||
| 94,355 3,775 181,258 2,931 766 2,077 19,905 |
|||
| 305,067 | |||
| 103,125 605,823 |
|||
| 708,948 |
The notes form part of these financial statements
Page 6
THE RADLETT LAWN TENNIS AND SQUASH CLUB
STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2022
| Notes FIXED ASSETS Tangible assets 10 CURRENT ASSETS Stocks 11 Debtors 12 Cash at bank and in hand CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 14 Unrestricted funds TOTAL FUNDS |
Unrestricted funds £ 412,129 5,048 11,702 411,952 428,702 (79,984) 348,718 760,847 760,847 |
Restricted fund £ - - - - - - - - - |
2022 Total funds £ 412,129 5,048 11,702 411,952 428,702 (79,984) 348,718 760,847 760,847 760,847 760,847 |
2021 Total funds £ 444,478 6,686 10,692 333,886 351,264 (86,794) 264,470 708,948 708,948 708,948 708,948 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 31st May 2023 and were signed on its behalf by:
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 2022
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Clubhouse and grounds - 5% on cost Tennis and squash court surfaces - 10% on cost Furniture and equipment - 20% on cost Clubhouse improvements - 10% on cost
STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and 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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. 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.
continued...
Page 8
THE RADLETT LAWN TENNIS AND SQUASH CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022
| 2. DONATIONS AND LEGACIES Gifts, donations and grants Sponsorship 3. OTHER TRADING ACTIVITIES Bar takings Social functions 4. INVESTMENT INCOME Bank interest Rent receivable 5. INCOME FROM CHARITABLE ACTIVITIES Activity Coaching Coaching Entrance, visitor & 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 and overheads Affiliation and registration Governance costs Other resources expended |
Direct Costs £ 117,301 6,553 - 2,879 - 36,356 163,089 |
2022 £ 11,717 - 11,717 2022 £ 29,626 2,680 32,306 2022 £ 2,708 10,902 13,610 2022 £ 150,973 28,276 8,105 191,339 378,693 Support costs (see note 7) £ - - 218,745 - 2,593 - 221,338 |
2021 £ 51,302 1,000 52,302 2021 £ 23,135 2,250 25,385 2021 £ 24 9,974 9,998 2021 £ 135,400 20,497 6,435 158,175 |
2021 £ 51,302 1,000 |
|---|---|---|---|---|
| 52,302 | ||||
| 2021 £ 23,135 2,250 |
||||
| 25,385 | ||||
| 2021 £ 24 9,974 |
||||
| 9,998 | ||||
| 320,507 | ||||
| Totals £ 117,301 6,553 218,745 2,879 2,593 36,356 |
||||
| 384,427 |
continued...
Page 9
THE RADLETT LAWN TENNIS AND SQUASH CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022
| 7. SUPPORT COSTS Charity administration and overheads Governance costs Support costs, included in the above, are as follows: MANAGEMENT Advertising OTHER Wages and salaries Rates, insurance and utilities Upkeep and maintenance Depreciation of tangible fixed assets Office and club administration GOVERNANCE COSTS Examiner's fees Professional fees |
Governance Other costs £ £ 218,745 - - 2,593 218,745 2,593 2022 Total activities £ - 2022 Charity administration and overheads £ 34,931 25,740 70,360 66,802 20,912 218,745 2022 Governance costs £ 2,233 360 2,593 |
Totals £ 218,745 2,593 |
Totals £ 218,745 2,593 |
|---|---|---|---|
| 221,338 | |||
| 2021 Total activities £ 766 2021 Total activities £ 34,493 13,062 60,018 52,802 20,883 |
|||
| 181,258 | |||
| 2021 Total activities £ 1,717 360 2,077 |
|||
| 2,077 |
continued...
Page 10
THE RADLETT LAWN TENNIS AND SQUASH CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022
8. TRUSTEES' REMUNERATION AND BENEFITS
No trustees received remuneration or benefits during the year.
TRUSTEES' EXPENSES
Trustees' expenses have been reimbursed where small in nature, supported by vouchers and wholly and exclusively for the benefit of the charity.
9. STAFF COSTS
| 2022 | 2021 | |
|---|---|---|
| Bar staff | 4,931 | 1,626 |
| Office admin | 34,931 | 32,922 |
| Apprentice- coaching | 13,010 | 2,883 |
| 52,872 | 37,431 | |
The average monthly number of employees during the year was as follows:
| Bar staff Management and administration Apprentice- coaching |
2022 1 2 2 5 |
2021 1 2 1 |
|---|---|---|
| 4 |
No employees received emoluments in excess of £60,000.
10. TANGIBLE FIXED ASSETS
| COST At 1st January 2022 Additions At 31st December 2022 DEPRECIATION At 1st January 2022 Charge for year At 31st December 2022 NET BOOK VALUE At 31st December 2022 At 31st December 2021 |
Clubhouse and grounds £ 335,175 - 335,175 130,651 16,759 147,410 187,765 204,524 |
Tennis and squash court surfaces £ 397,413 33,264 430,677 183,214 45,819 229,033 201,644 214,199 |
Furniture and Clubhouse equipment improvements Totals £ £ £ 29,304 304,853 1,066,745 1,189 - 34,453 30,493 304,853 1,101,198 27,914 280,488 622,267 585 3,639 66,802 28,499 284,127 689,069 1,994 20,726 412,129 1,390 24,365 444,478 |
Furniture and Clubhouse equipment improvements Totals £ £ £ 29,304 304,853 1,066,745 1,189 - 34,453 30,493 304,853 1,101,198 27,914 280,488 622,267 585 3,639 66,802 28,499 284,127 689,069 1,994 20,726 412,129 1,390 24,365 444,478 |
|---|---|---|---|---|
| 622,267 66,802 |
||||
| 689,069 | ||||
| 412,129 | ||||
| 444,478 |
continued...
Page 11
THE RADLETT LAWN TENNIS AND SQUASH CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022
| 11. STOCKS Stocks 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments and accrued income 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors Accruals Deferred income 14. MOVEMENT IN FUNDS At 1.1.22 £ Unrestricted funds General reserve 708,948 TOTAL FUNDS 708,948 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General reserve 436,326 TOTAL FUNDS 436,326 |
2022 2021 £ £ 5,048 6,686 2022 2021 £ £ 346 620 11,356 10,072 11,702 10,692 2022 2021 £ £ 6,831 3,759 15,500 10,356 57,653 72,679 79,984 86,794 Net movement At in funds 31.12.22 £ £ 51,899 760,847 51,899 760,847 Resources Movement expended in funds £ £ (384,427) 51,899 (384,427) 51,899 |
|---|---|
continued...
Page 12
THE RADLETT LAWN TENNIS AND SQUASH CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022
14. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General reserve TOTAL FUNDS |
At 1.1.21 £ 605,823 605,823 |
Net movement in funds £ 103,125 103,125 |
At 31.12.21 £ 708,948 |
|---|---|---|---|
| 708,948 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General reserve TOTAL FUNDS |
Incoming resources £ 408,192 408,192 |
Resources Movement expended in funds £ £ (305,067) 103,125 (305,067) 103,125 |
Resources Movement expended in funds £ £ (305,067) 103,125 (305,067) 103,125 |
|---|---|---|---|
| 103,125 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General reserve TOTAL FUNDS |
At 1.1.21 £ 605,823 605,823 |
Net movement in funds £ 155,024 155,024 |
At 31.12.22 £ 760,847 |
|---|---|---|---|
| 760,847 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General reserve TOTAL FUNDS |
Incoming resources £ 844,518 844,518 |
Resources Movement expended in funds £ £ (689,494) 155,024 (689,494) 155,024 |
Resources Movement expended in funds £ £ (689,494) 155,024 (689,494) 155,024 |
|---|---|---|---|
| 155,024 |
continued...
Page 13
THE RADLETT LAWN TENNIS AND SQUASH CLUB
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2022
15. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2022.
Page 14
THE RADLETT LAWN TENNIS AND SQUASH CLUB
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022
| INCOME AND ENDOWMENTS Donations and legacies Gifts, donations and grants Sponsorship Other trading activities Bar takings Social functions Investment income Bank interest Rent receivable Charitable activities Coaching Entrance, visitor & court fees Tournaments and leagues Member subscriptions Total incoming resources EXPENDITURE Charitable activities Coaching Tournament and leagues Affiliations and registration Other resources expended Support costs Management Advertising Other Wages and salaries Carried forward |
2022 £ 11,717 - 11,717 29,626 2,680 32,306 2,708 10,902 13,610 150,973 28,276 8,105 191,339 378,693 436,326 117,301 6,553 2,879 36,356 163,089 - 34,931 34,931 |
2021 £ 51,302 1,000 |
|---|---|---|
| 52,302 23,135 2,250 |
||
| 25,385 24 9,974 |
||
| 9,998 135,400 20,497 6,435 158,175 |
||
| 320,507 | ||
| 408,192 94,355 3,775 2,931 19,905 |
||
| 120,966 766 34,493 34,493 |
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 2022
| Other Brought forward Rates, insurance and utilities Upkeep and maintenance Depreciation of tangible fixed assets Office and club administration Governance costs Examiner's fees Professional fees Total resources expended Net income |
2022 £ 34,931 25,740 70,360 66,802 20,912 218,745 2,233 360 2,593 384,427 51,899 |
2021 £ 34,493 13,062 60,018 52,802 20,883 |
|---|---|---|
| 181,258 1,717 360 |
||
| 2,077 | ||
| 305,067 | ||
| 103,125 |
This page does not form part of the statutory financial statements
Page 16