2021-03-31-accounts - On Course Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Chairman's Report
Our Objectives and Activities
Achievements and Performance
Financial Review
Structure, Governance	and Management
Legal and Administrative	Details
Statement ofTrustees Responsibilities		10
Independent Examiner's	Report
Statement of Financial	Activities	12
Balance Sheet		13
Cash Flow Statement		14
Notes to the Cash Flow	Statement	15
Notes to the Financial Statements		16
Detailed Statement ofFinancial Activities		26

diffe	r	ence in generating much needed revenue.	ence in generating much needed revenue.
With		income from donations and grants playing		such an important role we must give particular		thanks
to:
	~	The Armed Forces Covenant	Fund Trust		The Nimar Charitable Trust
	~	Duncan and Conine Sinclair			The Edith Murphy Foundation
	~	The Charles Skey Charitable	Trust		The Francis Winham Foundation
	~	David and Diane Rasche			The Charities Aid Foundation
	~	The Alfred Dunhifl Links Foundation			The Guyfl-Leng Charitable Trust
	~	The Royal Air Force Benevolent Fund			The Alan Boswell Group Charitable	Trust
	~	The Joseph and Lilian Sully	Foundation		The FBCoales No4 Family Trust
	~	The Veterans Foundation			Garthgwynion Charities
	~	The National Golf Club Challenge			The Royal &Ancient Golf Club

					2021	2020
					Unrestricted	Total
					fund	funds
				Notes	5
INCOME AND ENDOWMENTS Donations and legacies			FROM		424,930	676,319
Investment income Other income					490	1,417 70,452
Total					425,420	748,188
EXPENDITURE ON
Raising funds					6,972	13,905
Charitable activities
Golf skills and employment		training			312,082	667,681
Other					151,121
Total					470,175	681,586
NET INCOME/(EXPENDITURE)					(44,755)	66,602
RECONCILIATION	OF	FUNDS
Total funds brought	forward				472,700	406,098
TOTAL FUNDS CARRIED FORWARD					427,945	472,700

		2021	2020
		Unrestricted	Total
	Notes	fund 8	fundsf
CURRENT ASSETS
Debtors		12,405	30,446
Cash at bank and in hand		~566969	555 383
		579474	585,829
CREDITORS
Amounts falling due within one year	16	(151,429)	(113,129)
NET CURRENT ASSETS		~427 945	~472 700
TOTAL ASSETSLESSCURRENT
LIABILITIES		427,945	472,700
NET ASSETS		~427 945	472 700
FUNDS	18
Unrestricted funds		~427945	472,700
TOTAL FUNDS		~427 945	~472 700

			Notes	2021	2020f
Cash flows from operating activities Cash generated from operations			I	~II 096	123,443
Net cash provided by operating activities				~II 096	123,443
Cash flows from investing Interest received	activities			490	1,417
Net cash provided by investing activities				490	1,417
Change in cash and cash the reporting period	equivalents	in		11,586	124,860
Cash and cash equivalents beginning ofthe reporting	at the period			555,383	430,523
Cash and cash equivalents	at the end	of
the reporting period				566,969	555,383

RECONCILIATION	RECONCILIATION	OF NET (EXPENDITURE)/INCOME	OF NET (EXPENDITURE)/INCOME	OF NET (EXPENDITURE)/INCOME	TO NET CASH	FLOW FROM
OPERATING ACTIVITIES
						2021f	2020 f
Net (expenditure)/income			for the reporting	period (as per the
Statement ofFinancial		Activities)				(44,755)	66.602
Adjustments for:
Interest received						(490)	(1,417)
Decreme in debtors						18,041	21,086
Increase in creditors						38300	37,172
Net cash provided	by	operations				~II 096	123,443
ANALYSIS OFCHANGES IN NET FUNDS
					At 1.4.20	Cash flow	At 31.3.21
					f	f	f
Net cash
Cash at bank and in	hand				555383	~II 586	566,969
					~555 83	11,586	~566969
Total					~555 83	~ll 586	~566 969

3.	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES
					2021f	2020 f
	Donations				416,243	670,425
	Gift aid				~8687	5,894
					~424 930	676,319
4.	INVESTMENT INCOME
					2021	2020
						f
	Deposit account interest				490	1,417
5.	OTHER INCOME
					2021	2020
					f
	Contribution	to salaries				63,649
	Merchandise	sales				6,803
						70,452
6.	RAISING	FUNDS
	Raising donatioas		and legacies
					2021	2020
						f
	Fundraising	costs			6,972	13,905
7.	CHARITABLE ACTIVITIES COSTS
						Direct
						Costs (see
						note 8) f
	Golfskills and employment			training		298,882

8	DIRECTCOSTSOF	CH	ARITABLE	ACTIVITIES
.						2021f	2020
	Delivery costs Staging costs					255,623 ~43 259	300,960 193,336
						298,882	494,296
9.	SUPPORT COSTS
						Governance
				Management	Finance f	costs	Totals
	Golf skills and employment		training	~160113	8	~4200	164321
	Support costs, included	in	the above, are	as follows:
	Management					2021	2020
						Other
						resources	Total
						expended	activities f
	Salaries &management Pensions Other operating leases Rates and water Insurance Light and heat Telephone Postage and stationery Advertising Sundries					84,000 4,620 37,980 5,853 3,470 1,456 2,923 1,154 258 340	79,500 3,990 36,879 6&037 2,921 1,628 5,426 1,682 1,413 555
	Car parking Travelling Subsistence					275 76	275 117 608
	Clothing Computer costs &website Bookkeeping Cleaning Office maintenance Subscriptions Training Foreign exchange difference					3,945 5,045 5,899 2,200 125 494	10340 10,511 6,763 2,000 120 175 538 ~2293)
						~160 113	~I69 185

9.	SUPPORT COSTS - continued	SUPPORT COSTS - continued	SUPPORT COSTS - continued	SUPPORT COSTS - continued
	Finance
							2021	2020
							Other
							resources	Total
							expended	activities
								f
	Bank charges						8
	Governance	costs
							2021	2020
							Other
							resources	Total
							expended f	activities E
	Independent	examiner's		fee			~4200	~4200
10.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure) is stated				aAer charging/(crediting):
							2021	2020
							8
	Other operating		leases				37,980	36,$79
	Independent	examiner		- independent	examination		1,400	1,400
	Independent	examiner		- preparation	offinancial	statements	~2800	~2800

STAFF COSTS
				2021	2020
					f
Wages and salaries				278,800	32l,449
Social security costs				24,$23	23,011
Other pension costs				4,620	3,990
				~308243	348,450
The average monthly	number ofemployees	during	the year was as follows:
				2021	2020
				4	4

COMPARATIVES F	OR	THE ST	ATEMENT OF FINANCIAL AC	TIVITIES
				Unrestricted
				fund
				f.
INCOME AND ENDOWMENTS			FROM
Donations and legacies				676,319
Investment income				1,417
Other income				70,452
Total				748,188
EXPENDITURE ON
Raising funds				13,905
Charitable activities
Golf skills and employment		training		667,681
Total				681,586
NET INCOME				66,602
RECONCILIATION	OF	FUNDS
Total funds brought	forward			406,098
TOTAL FUNDS CARRIED FORWARD				~472 700

14.	TANGIBLE FIXEDASSETS
			Office
			Equipment f
	COST
	At l April 2020 and 31 March 2021		~42 54
	DEPRECIATION
	At I April 2020 and 3 I March 2021		42,854
	NET BOOK VALUE
	At 31 March 2021
	At 31 March 2020
15.	DEBTORS
		2021	2020
		f
	Amounts falling due within one year:
	Trade debtors		1,544
	Other debtors	427	5,658
	Prepayments	~7978	19,244
		~8405	~26 446
	Amounts falling due after more than one year:
	Other debtors	~4000	4,000
	Aggregate amounts	12,405	30,446
16.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	Deferred Income	2021	2020
		f	f
	Balance brought forward	96,250
	Amounts released to incoming resources	-96,250
	Amounts deferred in the year	137,107	96,250
	Balance carried forward	137,107	96,250

	Minimum	leas		payments under	n	on-cancellable operating leases	fall due as follo	ws:
								2021	2020
	Within one year							37,980	~31 200
18.	MOVEMENT			IN FUNDS
								Net
								movement	At
							At 1.4.20	in funds	31.3.21
									f
	Unrestricted		funds
	General	fund					472,700	(44,755)	427,945
	TOTAL	FUNDS					472,700	~44,755)	~427 945
	Net movement			in funds, included		in the above are as follows:
							Incoming	Resources	Movement
							resources f	expended	in funds f
	Unrestricted			funds
	General	fund					425,420	(470,175)	(44,755)
	TOTAL	FUNDS					425,420	470,17	~44,755)
	Comparatives			for movement	in	funds
								Net
								movement	At
							At 1.4.19	in funds	31.3.20
							f		f.
	Unrestricted			funds
	General	fund					406,098	66,602	472,700
	TOTAL FUNDS						406,098	66,602	472,700

Comparat	ive	net movement in funds, include	d in the above are as follows:
			incoming	Resources	Movement
			resources f	expended f	in funds f
Unrestricted		funds
General	fund		748,188	(681,586)	66,602
TOTAL	FUNDS		748,188	681,586	66,602

				Net
				movement	At
			At 1.4.19	in funds	31.3.21
					f
Unrestricted		funds
General	fund		406,098	21,847	427,945
TOTAL	FUNDS		406,098	21.847	~427 945

as follow	s:
			incoming	Resources	Movement
			resources	expended	in funds
			8
Unrestricted		funds
General	fund		1,173,608	(1,151,761)	21,847
TOTAL	FUNDS		1,173,608	(1,151,761)	21,847

		2021	2020
		f	f
INCOME AND ENDOWMENTS
Donations and legacies
Donations		416,243	670,425
Cdtt aid		8,687	5,894
		424,930	676,319
Investment income
Deposit account interest		490	1,417
Other income
Contribution to salaries			63,649
Merchandise sales			6,803
			70,452
Total incoming resources		425,420	748,188
EXPENDITURE
Raising donations	aad legacies
Fundraising costs		6,972	13,905
Charitable activities
Delivery costs		230,800	277,949
Social security		24,823	23,011
Staging costs		43,259	193,336
		298,882	494,296
Support costs
Management
Salaries & management		84,000	79,500
Pensions		4,620	3,990
01'fice rent		37,980	36,879
Rates and water		5,853	6,037
Insurance Light and heat		3,470 !,456	2,921 1,628
Telephone		2,923	5,426
Postage and stationery		1,154	1,682
Advertising		258	1,413
Sundries		340	555
Car parking		275	275
Carried forward		142,329	140,306

		2021	2020
Management Brought forward Travelling Subsistence		142,329 76	140,306 117 608
Clothing Computer costs &website Bookkeeping Cleaning Office maintenance		3,945 5,045 5,899 2,200	10,340 10,511 6,763 2,000 120
Subscriptions Training Foreign exchange difference		125 494	175 538 ~2,293)
		160,113	169,185
Finance
Bank charges
Governance costs
Independent examiner's	fee	4,200	4,200
Total resources expended		~470 175	~681 586
Net (expenditure)/income		~44 755)	~66 602