## ## ## |||||||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|