Paddock Wood Athletic Club FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 December 2020
Paddock Wood Athletic Club
Financial Statements for the year ended 31 December 2020
Track Fund Receipts and Payments Account - Restricted Fund
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Receipts | |||||
| Half Marathon Proceeds | 20,000 | ||||
| Grants | 12,480 | ||||
| Insurance claim | 1,850 | ||||
| Fusion Lifestyle track fees | 234 | ||||
| Easyfundraising | 20 | 48 | |||
| Track rental | 927 | 99 | |||
| Miscellaneous | 32 | ||||
| Bank Interest | 11 | 19 | |||
| Bank transfers | 2,450 | ||||
| 13,438 | 24,731 | ||||
| Total Receipts Payments |
13,438 | 24,731 | |||
| Track Maintenance Account | 10,000 | ||||
| Paving | 1,085 | ||||
| Security | 671 | ||||
| Data Protection | 35 | 35 | |||
| Petrol | 301 | ||||
| Donations | 25 | ||||
| Signs | 34 | ||||
| Lawn Mower | 687 | ||||
| Spectator Shelter | 2,052 | ||||
| Misc | 24 | ||||
| Estate maintenance | 3,000 | 5,238 | |||
| Rent | 1,250 | ||||
| Utilities | 1,304 | 1,405 | |||
| Transfers | 14,640 | 12,505 | |||
| 14,640 | 12,505 | ||||
| Excess of receipts over current payments (current year) | -1,202 | 12,226 | |||
| Add opening balance | 14,766 | 2,537 | |||
| closing | 13,564 | 14,763 | |||
| Reconciled balance at 31 December 2020 | 13,564 | 14,763 |
Paddock Wood Athletic Club
Financial Statements for the year ended
31 December 2020
Track Fund Receipts and Payments Account
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Receipts | |||||
| Bank Interest | 33 | 60 | |||
| Insurance claim | |||||
| Transfers | 10,000 | ||||
| 10,033 | 60 | ||||
| Total receipts Payments |
10,033 | 60 | |||
| Transfers | 0 | 0 | 0 | 0 | |
| Total Payments | 0 | 0 | |||
| Excess of receipts over payments | 10,033 | 60 | |||
| Bank and current account deposits at 1 January 2020 | 30,087 | 30,027 | |||
| Bank and current account deposits at31 December 2020 | 40,120 | 30,087 | |||
| Reconciled balance at 31 December 2020 | 40,120 | 30,087 |
Paddock Wood Athletic Club
Financial Statements for the year ended 31 December 2020
100 Club Fund Receipts and Payments Account
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Receipts | |||||
| Membership Fees | 851 | 738 | |||
| 851 | 738 | ||||
| Total Receipts Payments |
851 | 738 | |||
| Prize Money | 444 | 458 | |||
| Bank transfer | 444 | 1,200 | 1,658 | ||
| Total Payments | 444 | 1,658 | |||
| Excess of receipts over payments | 407 | -920 | |||
| Add opening balance | 911 | 1,831 | |||
| closing | 1,318 | 911 | |||
| Reconciled balance at 31 December 2020 | 1,318 | 911 | |||
Paddock Wood Athletic Club Financial Statements for the year ended
31 December 2020
Half Marathon Fund Receipts and Payments Account
| Receipts Returned Cash Float Race Day Entries Entry fees Charity Donations Refreshments Sponsorship Pace Pockets Photos Commission T-Shirts Miscellaneous Uncleared Cheques past accounts Total Receipts Payments Pace Pockets - Xempo 2018 Donations (inc cheques cleared post closure of 2018 accounts) England Athletics Race Fees & BARR Equipment Hire (inc petrol) First Aid Hosepipe Kent County Council - Temp Rd Adverts Medals / Trophies Miscellaneous Expenditure Officials Expenses PA System Postage Prizes Race Day Cash Float Refreshments Refunds (Entry Fees / T-shirts) Refund Charges Signs Sports Systems Sports Systems Bank Charges Sports Systems, Chips Toilet Units Traffic management T-shirts Pace Pockets - Bank Charges 2018 and Lost Chips 2019 New PWAC Gazebo Track fund Total Payments Excess of receipts over payments Balance at 1 January 2020 Balance at 31 December 2020 Reconciled balance at 31 December 2020 |
2020 £ 34,975 1,067 1,830 37,872 1,596 1,905 167 618 3,295 44 7,440 330 1,079 4,660 87 2,917 2,427 26,565 11,307 35,035 46,342 46,342 |
2019 £ 200 240 64,768 1,982 653 4,000 0 280 4,740 25 0 76,888 1,153 6,400 60 4,817 1,869 606 1,625 56 350 17 890 200 35 309 0 11,529 184 2,129 7,153 1,296 549 1,081 20,000 62,306 14,582 20,454 35,036 35,035 |
|---|---|---|
Financial Statements for the year ended 31 December 2020
Paddock Wood Athletic Club
General Fund Receipts and Payments Account - Unrestricted Fund
| Receipts Membership Star Track Club Kit Gift Aid Hadlow Manor Insurance Claim 100 Club Transfer Donations Refund of Affiliation fees VMLM Coach Hire VMLM Donations Tombola Proceeds Transfer from HM Account Misc Total Receipts Payments Mascall Hire Fees EA Competition Levy Postage & stationery Prizes/awards County and other affiliates Club Kit Coaching fees Accountancy fees Equipment Race entries RNR Subs/ea refund IT expenses Insurance Sportshall Track A/C transfers Track rent Track Expenses Hadlow Manor VMLM Coach hire Misc Total Payments Net Profit Opening cashbook balance Movement on account Closing cashbook balance Less: uncleared cheques Closing Bank balances |
2020 £ 11,297 92 1,989 600 505 3,295 27 17,805 1,996 1,320 50 231 1,000 523 370 252 4,808 128 135 340 144 245 97 11,639 6,166 Current A/c Deposit A/c Total 10,010 1,117 11,127 6,166 6,166 16,176 1,117 17,293 16,176 1,117 17,293 |
2019 £ 11,543 2,437 930 1,576 1,870 1,200 280 1,200 300 290 887 22,513 4,273 2,055 35 629 1,000 3,069 30 252 847 1,313 250 45 359 1,259 3,050 1,250 63 1,576 1,200 3,485 26,040 -3,527 Current A/c Deposit A/c Total 13,537 1,117 14,654 -3,527 -3,527 10,010 1,117 11,127 10,010 1,117 11,127 |
|---|---|---|
Paddock Wood Athletic Club
Financial Statements for the year ended
31 December 2020
Statement of Assets and Liabilities as at 31 December 2020
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Half | ||||||
| General | Track | 100 Club | Marathon | |||
| Fund | Fund | Fund | Fund | Total | Total | |
| Monetary Assets | ||||||
| Bank Current Account | 16,176 | 13,564 | 1,318 | 46,342 | 77,400 | 63,868 |
| Deposit Account | 1,117 | 40,120 | 0 | 0 | 41,237 | 31,204 |
| 118,637 | 95,072 | |||||
| Fixed Assets | ||||||
| Race Track | 414,941 | 414,941 | ||||
| Liabilities | ||||||
| Race fees | 41,235 |
Notes
1) The financial statements have been prepared in accordance with the Charities Act 2011 using the Receipts & Payments basis
Approved by the Paddock Wood Athletic Club on _________ and signed on its behalf
Chairman
Hon Treasurer
Independent examiner's report ot the committee of Paddock Wood Athletic Club
This report on the financial statements of the club for the period ended 31 December 2019 is in respect of an examination carried out in accordance with section 145 of the Charities Act 2011 ("the Act").
Respective responsibilities of the club and the examiner
As members of the club you are responsible for the preparation of the financial statements. You consider the audit requirement of the Regulations and section 144B of the Act do not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of the Regulations. Basis of this report
My examination was carried out in accordance with the General Directions given by the Charity Commission under section 144(5)(b) of the Act. That examination includes a review of the accounting record kept by the club and a comparison of the accounts within those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements
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to confirm that in accordance with section 477 of the Companies Act, the charity is exempt from an audit; and
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to keep accounting records in accordance with section 130 of the Act; and
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to prepare financial statements, which are prepared on a receipts and payments basis under
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have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
James Bevis FCCA
For and on behalf of Precision Accountancy LLP 15 Commercial Road, Paddock Wood, Kent, TN12 6EN
14th June 2021