| Page | ||||||
|---|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the | director's | report) | |||
| independent examiner's report |
to the | trustees | ||||
| Statement offinancial |
activities | (including | income and | |||
| expenditure account) |
||||||
| Statement offinancial | position | |||||
| Statement ofcash flows | ||||||
| Notes to the financial | statements | |||||
| The following pages |
do not form part ofthe financial statements | |||||
| Detailed statement of |
financial | activities | ||||
| Notes to the detailed | statement | of financial | activities | 20 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | |||||||
| funds Total funds | Total funds | ||||||
| Note | 8 | 8 | |||||
| Income and endowments | |||||||
| Donations and legacies |
5 | 25,000 | 25,000 | ||||
| Charitable activities investment income |
6 7 |
379,618 9,209 |
379,818 9,209 |
562,948 17,019 |
|||
| Tota I income | 413,827 | 413,827 | 579,967 | ||||
| Expenditure | |||||||
| Expenditure on charitable |
activities | a,g | 344,226 | 344,228 | 648,008 | ||
| Total expenditure | 344,226 | 344,226 | 648,008 | ||||
| Net income/(expenditure) | and net movement | in | |||||
| funds | 69,601 | 69,601 | (68,041) | ||||
| Reconciliation offunds |
|||||||
| Total funds brought Prior year adjustment |
forward as previously | reported | (81,997) | (81,997) | 107,747 (121,703) |
||
| Total funds brought | forward as restated | (81,997) | (81,997) | (13,956) | |||
| Total funds carried | forward | (12,396) | (12,396) | (81,997) |
| 31 July | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Note | |||||||
| Fixed assets | |||||||
| Tangible fixed assets | 14 | 2,513 | 2,792 | ||||
| Current assets | |||||||
| Debtors | 16 | 21,811 | 20,815 | ||||
| Creditors: amounts |
falling | due within | one year | 1r | 36,720 | 105,604 | |
| Net current liabilities | 14,909 | 84,789 | |||||
| Total assets less current | liabilities | (12,396) | (81,997) | ||||
| Net liabilities | (12,396) | (81,997) | |||||
| Funds ofthe charity | |||||||
| Unrestricted funds |
(12,396) | (81,997) | |||||
| Total charity funds | 20 | (12,396) | (81,997) |
| Company Li |
mited by Guarant |
ee | |||
|---|---|---|---|---|---|
| Statement | ofCash Flows | ||||
| Year ended 31July 2020 | |||||
| 2020 | 2019 | ||||
| Cash flows from operating | activities | Note | |||
| Net income/(expenditure) | 69,601 | (88,041) | |||
| Adj ustments for: |
|||||
| Depreciation oftangible fixed assets Government grant income Other interest receivable and similar income Interest payable and similar charges Accrued (income)/expenses |
279 (25,000) (9,209) 2,675 (46,414) |
310 (17,019) 1,256 30,016 |
|||
| Changesin: | |||||
| Trade and other debtors Trade and other creditors |
(998) (3,897) |
8,265 (6,636) |
|||
| Cash generated from operations |
(12,961) | (51,849) | |||
| Interest paid Interest received |
(2,676) 9,209 |
(1,256) 17,019 |
|||
| Net cash used in operating activities |
(6,427) | (36,086) | |||
| Cash flows from financing | activities | ||||
| Government grant income |
25,000 | ||||
| Net cash from financing activities |
25,000 | ||||
| Net increase/(decrease) m Cash and cash equivalenbi |
cash and cash equivalents at beginning ofyear |
18,573 (30,680) |
(36,086) 5,406 |
||
| Cash and cash equivalents | at end ofyear | 1S | (12,107) | (30,680) |
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | |||
|---|---|---|---|---|---|---|---|---|
| Grants | Funds | 2020 | Funds f |
2019 6 |
||||
| Government | grant | income | 25,000 | 25,000 |
| Charitable | activities | ||||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2020 | Funds | 2019 | ||
| Sale ofservices as part ofdirect | 6 | F | |||
| charitable | activities | 379,618 | 379,618 | 562,948 | 562,948 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2020 | Funds | 2019 | ||
| Bank Rents |
interest receivable received |
6 1 9,208 |
E 1 9,208 |
19 17,000 |
r 19 17,000 |
| 9,209 | 9,209 | 17,019 | 17,0'I9 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2020 | Funds | 2019 | |
| 5 | 8 | 6 | ||
| Coaching fees Running expenses Support costs |
232,505 98,566 13,155 |
232,505 88,568 13,155 |
441,813 161,493 44,702 |
441,613 161,493 44,702 |
| 344,226 | 344,226 | 648,008 | 648,008 |
| Activities | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | ||||||
| directly | costs | 2020 | 2019 | ||||||
| Coaching fees Running expenses Governance costs |
232,505 98,566 |
8 13,155 |
6 232,505 98,566 13,155 |
8 441,813 161,493 44,702 |
|||||
| 331,071 | 13,155 | 344,226 | 648,008 | ||||||
| 10. | Net income/(expenditure) | ||||||||
| Net income/(expenditure) | is stated after | charging/(crediting): | |||||||
| 2020 | 2019 | ||||||||
| Depreciation | oftangible | fixed assets | 8 279 |
6 310 |
|||||
| 11. | Independent | examination | fees | ||||||
| 2020 | 2019 | ||||||||
| Fees payable | to the independent | examiner for; |
|||||||
| Independent examination Other financial services |
ofthe | financial | statements | 2,500 1,013 |
2,412 3,996 |
||||
| 3,513 | 6,408 |
| The total staff costs follows: |
and employ |
ee benefits for the |
reporting period are an |
alysed as |
|---|---|---|---|---|
| 2020 | 2019 | |||
| Wages and salaries Social security costs Employer oontributiono |
to pension | plans | 8 46,092 1,147 781 |
8 61,170 667 817 |
| 48,020 | 62,854 |
| Employe | r oontributio |
no to pe |
nsion plans |
, 781 48,020 |
817 62,854 |
|
|---|---|---|---|---|---|---|
| Average | number of | staff was | ||||
| The average head number offull-time follows: |
count of equivalent |
employees employees |
during during |
the year was 4 (2019:4). the year is analysed as 2020 |
The average 2019 |
|
| Number | ofstaff | No. 4 |
No 4 |
| 14. | creditors at the year end is interest free and repayable Tangible fixed assets |
an amount owing to Mr on demand. |
SG Smith | ofE6,044. This | amount is |
|---|---|---|---|---|---|
| Land and | Fixtures and | ||||
| buildings | fittings | Total | |||
| Cost | E | E | E | ||
| At 1 August 2018and 31July 2020 | 53,151 | 11,783 | 64,934 | ||
| Depreciation At 1 August 2019 Charge for the year |
53,150 | 8,992 279 |
62,142 279 |
||
| At 31July 2020 | 53,150 | 9,271 | 62,421 | ||
| Carrying amount |
|||||
| At 31July 2020 | 1 | 2,512 | 2,513 | ||
| Al 31 July 2019 | 1 | 2,791 | 2,792 | ||
| 15. | Debtors | ||||
| 2020 | 2019 | ||||
| E | E | ||||
| Trade debtors | 18,036 | 15,160 | |||
| Prepayments and accrued Other debtors |
income | 322 3,453 |
5,655 | ||
| 21,811 | 20,815 | ||||
| 16. | Cash and cash equivalents | ||||
| Cash and cash equivalents | comprise the following, | ||||
| 2020 | 2019 | ||||
| E | E | ||||
| Bank overdrafts | (12,107) | (30,680) |
| Creditors: amounts falling due within one yea |
r | |
|---|---|---|
| 2020 | 2019 | |
| 6 | ||
| Bank loans and overdrafts Accruals and deferred income Social security and other taxes Other creditors |
12,107 16,746 823 7,044 |
30,680 63,160 764 11,000 |
| 36,720 | 105,604 |
| follows: | g | vee gr |
ants are as |
||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Recognised | in income from | donations | and legacies: | 6 | r | ||
| Government | grants income | 25,000 | |||||
| Analysis of | charitable funds | ||||||
| Unrestricted | funds | ||||||
| 'I August | At 2019 |
Income 6 |
Expenditure | Prior year adjustments |
At 31July 2020 F |
||
| General funds | (81,997) | 413,827 | (344,226) | — | (12,396) | ||
| I August | At 2018 |
income | Expenditure | Prior year adjustments |
At 31 July 20'I9 |
||
| r. | 6 | 6 | 6 | ||||
| General funds | 107,747 | 579,967 | (648,008) | (121,703) | (81,997) |
| Analysis ofnet as | sets between funds | |||
|---|---|---|---|---|
| Unrestricted | Total Funds | |||
| Funds | 2020 | |||
| Tangible fixed assets Current assets Creditors less than 1 year |
2,513 21,811 (36,720) |
2,513 21,811 (36,720) |
||
| Nst liabilities | (12,396) | (12,396) | ||
| Unrestricted | Total Funds | |||
| Funds | 2019 | |||
| Tangible fixed assets Current assets Creditors less than 1 year |
2,792 20,815 (105,604) |
2,792 20,815 (105,604) |
||
| Net liabilities | (81,997) | (81,997) |
| At | At | ||
|---|---|---|---|
| 1 | Aug 2019 Cash flows f |
31Jul 2020 | |
| (30,680) | 18,573 | (12,107) |
| Year ended 31 July 2020 | Year ended 31 July 2020 | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| 6 | ||||
| Income and endowments | ||||
| Donations and legacies |
||||
| Government grant income |
25,000 | |||
| Charitable activities |
||||
| Sale ofservices as pari ofdirect charitable | activities | 379,618 | 562,948 | |
| Investment income |
||||
| Bank interest receivable | 1 | 19 | ||
| Rents received | 9,208 | 17,000 | ||
| 9,209 | 17,019 | |||
| Total Income | 413,827 | 579,967 | ||
| Expenditure | ||||
| Expenditure on charitable |
activities | |||
| Purchases Wages and salaries Employer's NIC Pension costs |
232,606 46,092 1,147 781 |
441,813 61,170 867 817 |
||
| Rent Light and heat Repairs and maintenance Insurance Other motorltravel costs Legal and professional fees Telephone Other office costs Depreciation |
7,920 10,840 6,629 4,120 4,168 12,343 2,018 12,709 279 |
35,843 12,766 14,853 1,856 8,708 47,533 1,935 18,281 310 |
||
| Other interest payable and similar charges |
2,675 | 1,256 | ||
| 344,226 | 648,008 | |||
| Total expenditure | 344,226 | 648,008 | ||
| Net Income/(expenditure) | 69,601 | (68,041) |
| Notes t | o the Detailed Statement ofFinancial | o the Detailed Statement ofFinancial | Activities | |
|---|---|---|---|---|
| Year ended 31 July 2020 | ||||
| 2020 | 2019 | |||
| 8 | ||||
| Expenditure on charitable activities |
||||
| Activities undertaken | directly | |||
| Direct charitable activity |
—coaching fees & show | costs etc | 232,505 | 441,813 |
| Activities undertaken | directly | |||
| Direct charitable activity Direct charitable activity Direct charitable activity |
- wages/salaries - employer's filC - pension costs |
46,092 1,147 781 |
61,170 867 817 |
|
| Direct charitable activity Direct charitable activity Direct charitable activity Direct charitable activity Direct charitable activity Direct charitable activity Direct charitable activity Direct charitable activity |
- rent and rates - light & heat —repairs 8 maintenance - insurance - motor/travel costs - registration fees -telephone -other office costs |
7,920 10,840 6,629 4,120 4,168 2,142 2,018 12,709 |
35,843 12,766 14,853 1,856 8,708 4,397 1,935 18,281 |
|
| 98,566 | 181,493 | |||
| Governance costs | ||||
| Governance costs - accountancy fees Governance costs - legal and other professional Governance costs - depreciation |
fees | 3,513 6',sss 279 |
6,408 36,728 310 |
|
| Bank charges | 2,875 | 1,256 | ||
| 13,155 | 44,702 | |||
| Expenditure on charitable activities |
344,226 | 648,008 |