2022-03-31-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 tothe Financial Statements	16
Detailed Statement of Financial Activities	26

~	The Armed Forces Covenant Fund	Trust		The Hobson Charity
~	Duncan and Corrine Sinclair			The Edith Murphy Foundation
~	The Charles Skey Charitable Trust			The National Lottery Community	Fund
~	David and Diane Rasche			The J and M Britton Charitable	Trust
~	The Team Army General Purpose	Fund		ABF The Soldiers' Charity
~	The Royal Air Force Benevolent Fund			The Alan Boswell Group Charitable		Trust
~	The Joseph and Lilian Sully Foundation			The Peoples Postcode Lottery
~	The Veterans Foundation			The Alfred Dunhill Foundation
~	The National Golf Club Challenge			The Royal &Ancient Golf Club
~	The Armed Forces Resilience Fund-The		Corra	Foundation

						2022	2021
						Unrestricted	Total
						fund	funds
					Notes
INCOME	AND ENDOWMENTS			FROM
Donations	and legacies					526,223	424,930
investment	income					5,561	490
Total						520,662	425,420
EXPENDITURE ON
Raising funds						11,492	6,972
Charitable	activities
Golf skills	and employment		training			409,140	312,082
Other						122,596	151,121
Total						543,228	470,175
NET INCOME/(EXPENDITURE)						(22,566)	(44,755)
RECONCILIATION		OF	FUNDS
Total funds brought		forward				427,945	472,700
TOTAL FUNDS CARRIED FORWARD						405379	427,945

		2022	2021
		Total	Total
		funds	funds
	Notes
FIXEDASSETS
Social investments	14	241,478
CURRENT ASSETS
Debtors	15	36,143	12,405
Cash at bank and in hand		~241 02	566969
		277,525	579,374
CREDITORS
Amounts falling due within one year	16	(113,624)	(151,429)
NET CURRENT ASSETS		163901	427.945
TOTAL ASSETSLESSCURRENT
LIABILITIES		405479	427.945
NET ASSETS		405 379	427,945
FUNDS
Unrestricted funds		405379	427,945
TOTAL FUNDS		405379	427,945

			2022	2021
		Notes
Cash flows from operating activities Cash generated from operations			@78,548)	11,096
Net cash (used in)/provided	by operating	activities	~78,548)	11,096
Cash flows from investing	activities
Purchase ofsocial investments			(250,000)
Interest received			2,961	490
Net cash (used in)/provided	by investing	activities	~247,039)	490
Change in cash and cash the reporting period	equivalents	in	(325,587)	11,586
Cash and cash equivalents beginning ofthe reporting	at the period		566,969	555,383
Cash and cash equivalents the reporting period	at the end	of	241+82	566,969

RECONCILIATION	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
				2022	2021
Net expenditure for the reporting			period (as per the Statement of
Financial Activities)				(14,044)	(44,755)
Adjustments for:
Interest received				(2,961)	(490)
(Increase)/decrease in	debtors			(23,738)	18,041
(Decrease)/increase in	creditors			~37,885	38,300
Net cash (used in)/provided		by operations		~78,5487	11,096

ANALYSIS OF CHANGES IN NET FUND	S
	At 1.4.21	Cash flow	At 31.3.22
Net cash
Cash at bank and in hand	566,969	~325,587	241+82
	566,969	~325,587	241,382
Total	566,969	~325,587	241/82

3.	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES	DONATIONS AND LEGACIES
				2022	2021
	Donations			521,272	416,243
	Gift aid			4,951	8,687
				526,223	424,930
4.	INVESTMENT INCOME
				2022	2021
	Deposit account interest			2,961	490
	Change in market value of		investments	L88522
				(5,561)	490
5.	RAISING FUNDS
	Raising donations	and legacies		2022	2021
	Fundraising costs			11,492	6,972
6.	CHARITABLE ACTIVITIES COSTS
	Golf skills and employment		training		359,640
7.	DIRECT COSTS	OF CHARITABLE ACTIVITIES
				2022	2021
	Delivery costs Staging costs			261,504 98,136	255,623 43,259
				359,640	298,882

SUPPORT COSTS	SUPPORT COSTS
					Governance
				Management	costs	Totals
Golf skills and employment			training	167,896	4,200	172,096
Support costs, included		in the above, are as follows:
Management
					2022	2021
					Total	Total
					activities	activities
Salaries &management					103,500	84,000
Pensions					4,620	4,620
Other operating Rates and water	leases				37,980 5,231	37,980 5,853
Insurance					3,895	3,470
Light and heat Telephone Postage and stationery Advertising					1+32 2,815 1/62	1,456 2,923 1,154 258
Sundries					445	340
Car parking Subsistence					654 391	275 76
Clothing Computer costs Bookkeeping Cleaning	&website				(7,492) 4,984 6/85 1,800	3,945 5,045 5,899 2,200
Subscriptions Foreign exchange difference					108 ~14)	125 494
					167,896	160,113

8.	SUPPORT COSTS-continued	SUPPORT COSTS-continued	SUPPORT COSTS-continued
	Finance
						2022	2021
						Total	Total
						activities	activities
	Bank charges						8
	Governance	costs
						2022	2021
						Other
						resources	Total
						expended	activities
	Independent	examiner's	fee			4,200	4,200
9.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated	after charging/(crediting):
						2022	2021
	Other operating leases Independent examiner		- independent	examination		37,980 1,400	37,980 1,400
	Independent	examiner	- preparation	offinancial	statements	2,800	2,800

STAFF COSTS
			2022	2021
Wages and salaries Social security costs			281,500 29,204	278,800 24,823
Other pension costs			4,620	4,620
			315,624	308,243
The average monthly	number ofemployees	during the year was as follows:
			2022	2021
Staff			4	4
Others			5	4

					Unrestricted
					fund
INCOME Donations	AND ENDOWMENTS and legacies			FROM	424,930
Investment	income				490
Total					425,420
EXPENDITURE ON
Raising funds					6,972
Charitable	activities
Golf skills	and employment		training		312,082
Other					151,121
Total					470,175
NET INCOME/(EXPENDITURE)					(44,755)
RECONCILIATION		OF	FUNDS
Total funds brought		forward			472,700
TOTAL	FUNDS CARRIED FORWARD				427,945

13.	TANGIBLE FIXEDASSETS
			Office
			Equipment
	COST
	At 1 April 2021 and 31 March 2022		42,854
	DEPRECIATION
	At 1 April 2021 and 31 March 2022		42,854
	NET BOOK VALUE
	At 31 March 2022
	At 31 March 2021
14.	SOCIAL INVESTMENTS
			Other
			investments
	MARKET VALUE Additions Change in market value		250,000 ~8,522)
	NET BOOK VALUE
	At 31 March 2022		241,478
	At 31 March 2021
15.	DEBTORS
		2022	2021
	Amounts falling due within one year: Other debtors	427	427
	Prepayments	31,716	7,978
		32,143	8,405
	Amounts falling due aAer more than one year: Other debtors	4,000	4,000
	Aggregate amounts	36,143	12,405

Deferred	Income			2022	2021
Balance Amounts	brought released	forward to incoming	resources	137,107 -137,107	96,250 -96,250
Amounts	deferred	in the year		93,977	137,107
Balance	carried forward			93,977	137,107

	Minimum leas		e payments under n	on-cancellable operating leases	fall due as follo	ws:
						2022	2021
	Within one year					37,980	37,980
18.	MOVEMENT		IN FUNDS
						Net
						movement	At
					At 1.4.21	in funds	31.3.22
	Unrestricted	funds
	General fund				427,945	(22,566)	405479
	TOTAL FUNDS				427,945	~22,566)	405479
	Net movement		in funds, included	in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
	Unrestricted		funds
	General fund				520,662	(543,228)	(22,566)
	TOTAL FUNDS				520,662	L543,220)	~22,566)

Compara	tives	for movement in funds
				Net
				movement	At
			At 1.4.20	in funds	31.3.21
Unrestricted		funds
General	fund		472,700	(44,755)	427,945
TOTAL	FUNDS		472,700	~44,755)	427,945

Comparat	ive	net movement in funds, include	d in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted		funds
General	fund		425,420	(470,175)	(44,755)
TOTAL	FUNDS		425,420	~470,175)	~44,755)

				Net
				movement	At
			At 1.4.20	in funds	31.3.22
Unrestricted		funds
General	fund		472,700	(58,799)	405,379
TOTAL	FUNDS		472,700	~58,799)	405,379

as follow	s:
			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted		funds
General	fund		946,082	(1,013,403)	(67,321)
TOTAL	FUNDS		946,082	11,013,403)	f67,321)

	2022	2021
INCOME AND ENDOWMENTS
Donations and legacies Donations GiA aid	521,272 )4951	416,243 8,687
	526,223	424,930
Investment income Deposit account interest Change in market value ofinvestment	2,961 ~8522)	490
Total incoming resources	520,662	425,420
EXPENDITURE
Raising donations and legacies Fundraising costs	11,492	6,972
Charitable activities Delivery costs Social security Staging costs	232400 29,204 98,136	230,800 24,823 43,259
	359,640	298,882
Support costs
Management Salaries & management Pensions Office rent Rates and water Insurance Light and heat Telephone Postage and stationery	103,500 4,620 37,980 5,231 3,895 1/32 2,815 1,262	84,000 4,620 37,980 5,853 3,470 1,456 2,923 1,154 258
Advertising Sundries Car parking Subsistence Clothing Computer costs & website Bookkeeping Cleaning Subscription s Foreign exchange difference	445 654 391 (7,492) 4,984 6/85 1,800 108 ~14)	340 275 76 3,945 5,045 5,899 2,200 125 494
	167,896	160,113

			2022	202l
Management
Finance
Bank charges
Governance	costs
Independent	examiner's	fee	4,200	4,200
Total resources	expended		543,228	470,175
Net expenditure			~22,566)	~44,755)