2021-03-31-accounts - Springfield, Motor Racing's Club For Young People

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TRUSTEES AND PROFESSIONAL ADVISORS
TRUSTEE'S REPORT
INDEPENDENT EXAIYIINERS REPORT
STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND EXPENDITURE ACCOUNT
	10
BALANCE SHEET
NOTES TO THE FINANCIAL STATEMENTS

					General	"Villars"
					Unrestricted	Unrestricted
					Funds	Fund	Totals	Totals
				Notes			2021	2020
INCOMING RESOURCES
Incoming resources from Generated
Funds:
Voluntaryincome:
Donations and grants Acti vrtr'es forgenerating		funds:			5,660		5,660	8,515
Brochure advertising					460		460	350
Letting income					(60)		(60)	2,880
Charities Aid					284		284
Other fundraising					30,000		30,000
Investmentincome:
Dividends					13		13	11
Interest					414	115	529	733
Incoming resources from		Charitable
Activities:
Members subscriptions
Total incoming resources					36,770	115	36885	12489
RESOURCES EXPENDED
Costofgenerating funds:
Fundraising costs					429		429	5,063
Charitable acti vities costs					12,749		12,749	37,546
					13,178		13,178	42,609
Governance and other costs					20,275		20,275	980
					20 275		20275	980
Total resources expended					33453		33453	43 889
Net incoming resources
before other recognised	gains				3,317	115	3,432	(31,100)
Other recognised gains
Gain / (loss) on revaluation			of investment
Movement in the year					3,317	115	3,432	(31,100)

	2021	2020
INCOME	36,344	11,745
Direct expenses	32,493	42,609
	3,851	(30,864)
Administrative expenses	960	980
OPERATING SURPLUS	2,891	(31,844)
Dividends receivable	13	11
Interest receivable	529	733
SURPLUS ON ORDINARY ACTIVITIES BEFORETAXATION	3,432	(31,100)
Tax on ordinary activities
SURPLUS ON ORDINARY ACTIVITIES AFTER TAXATION	3432	31100

Included	within	Incoming	from the	foilowing:-
			2021		2020
			E
Bee Club				1,715	5,500
Charities	Aid Foundation			284
ICE Futures Europe			30,000
jack Petchey Foundation				1,500	750
Others less than		E1,000		2,445	2,265
			35,944		8,515

		ANALYSIS	ANALYSIS	OF RESOURCES EXPENDED	OF RESOURCES EXPENDED
				Charitable	Fundraising	Governance	and	Totals	Totals
				Activities	and	Administration		2021	2020
				Costs	Publicity	Costs
Motor expenses				209				209	1,637
Volunteers	and activities expenses			947				947	14,786
Salaries and		wages							2,400
Materials					429			429	2,063
Audit and other professional			fees				960	960	980
Establishment		Costs		9,956		19,315		29,272	16,675
Depreciation		offixed assets		1,637				1637	2 046
				12,749	429	20,275		33,453	40,589

6		OPERATING SURPLUS/(DEFICIT)	OPERATING SURPLUS/(DEFICIT)	OPERATING SURPLUS/(DEFICIT)	OPERATING SURPLUS/(DEFICIT)	OPERATING SURPLUS/(DEFICIT)	OPERATING SURPLUS/(DEFICIT)					2021	2021		2020
												f			E
This is stated after charging:
Auditors'	remuneration
Depreciation												1,632			2,046
		TRUSTEES' REMUNERATION					AND EXPENSES					2021			2020
												E
Trustees'	expenses (travel and sundry					member		activity expenses)					432		1,021
Number	oftrustees		reimbursed
Trustees	do not	receive any remuneration other						than the reimbursement
ofcosts oftravelling			and subsistence			when	attending		charity business	and
sundry disbursements				in connection	with member's				actvities
		TANGIBLE FIXEDASSETS									Land
											and	Oflice		Other	Motor	Total
											Buildings	Equipment		Equipment	Vehicle
												E			E
Cost:
At 1April	2020										30,000	3,084		12,790	8,500	45,874
Additions
At 31 MARCH 2021											30000	3	084	12790	8,500	45,874
Depreciation:
At 1 April	2020											3,084		4,604	8,500	7,688
Charge for the year														1,637		1,637
At 31 MARCH 2021												3	084	6241	8 500	9325
Net book	value	at 31		MARCH 2021							30,000			6,549		36,549
Net book	value	at 31		March 2020							30,000			8,186		38,186