2021-12-31-accounts - Atlantic Racquet Centre

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				Pages
Trustees' annual report (incorporating	the	director's	report)	1 to 5
Independent examiner's report to the	trustees
Statement of financial activities (including		income and
expenditure account)
Group statement of financial position
Company statement of financial position
Notes to the financial statements				10to 23

	ended	31 Decemb	er 2021
			2021		2020
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	2	2	2
Income and endowments
Donations and legacies Other trading activities Investment income	5 6 7	156,132 770 12	36,177	192,309 770 12	245,309 860 120
Other income	8	125,244		125,244	79,029
Total income		282,158	36,177	318,335	325,318
Expenditure
Expenditure on raising funds: Costs of other trading activities Expenditure on charitable activities	9 10,11	737 228,291	21,178	737 249,469	591 128,788
Total expenditure		229,028	21,178	250,206	129,379
Net income		53,130	14,999	68,129	195,939
Transfers between funds		28,911	(28,911)
Net movement in funds		82,041	(13,912)	68,129	195,939
Reconciliation offunds
Total funds brought forward		1,661,813	802,293	2,464,106	2,268,167
Total funds carried forward		1,743,854	788,381	2,532,235	2,464,106

			Statem	ent of Financial Po	ent of Financial Po	sition
				31 December 2021
COMPANY						2021		2020
					Note	2	2
Fixed assets
Tangible fixed assets Investments					16 17		3,220,443 1	2,743,772 1
							3,220,444	2,743,773
Current assets
Stocks Debtors Cash at bank and	in hand				18 19	972 18,022 32,690		1,440 39,161 174,276
						51,684		214,677
Creditors: amounts		falling	due within	one year	20	160,761		145,864
Net current liabilities							(109,077)	69,013
Total assets less	current		liabilities				3,111,367	2,812,766
Creditors: amounts		falling	due after	more than
one year					21		579,115	348,750
Net assets							2)532252	2464036
Funds ofthe charity
Restricted funds Unrcotrlctcd funds							788,381 1&743,871	802,293 1,661,743
Total charity funds					25		2,532,252	2,464,036

Donations and legacies
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
		2	2
Donations
Donations	79,128		79,128
Grants
Grants receivable	18,884	36,177	55,061
LTA Capital Project Funding Covid-19 Grants	58,120		58,120
	156,132	36,177	192,309

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2020
		2	2
Donations
Donations	4,110	1,050	5,160
Grants
Grants receivable	8,116	5,000	13,116
LTA Capital Project Funding Covid-19 Grants	39,533	187,500	187,500 39,533
	51,759	193,550	245,309

Other trading activities
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2021	Funds	2020
	2	2	2
Merchandise	58	58
Bar sales	194	194	671	671
Hoodies income	518	518	189	189
	770	770	860	860

			Unrestricted	Funds	Unrestricted	Funds
			Funds	2021	Funds	2020
				2	2	2
Bank	interest	receivable	12	12	120	120

Other income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		2	2
Income from tennis	courts	62,232	62,232	58,826	58,826
Licence income Otherrevenue Balls and Equipment Gym income	income	6,500 55,239 ,837 436	6,500 55,239 837 436	4,875 14,213 1,115	4,875 14,213 1,115
		125,244	125,244	79,029	79,029

Costs of othe	r trading acti	vities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		2	2
Direct costs		737	737	591	591
Expenditure	on charitable	activities by fund type
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2021
					6
Sports activities Support costs			130,992 97,299	19,656 1,522	150,648 98,821
			228,291	21,178	249,469
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
				2	2
Sports activities Support costs			103,462 24,237	1,050 39	104512 24,276
			127,699	1,089	128,788
Expenditure	on charitable	activities by activity type
		Activities
		undertaken		Total funds	Total fund
		directly	Support costs	2021	2020
		2		2
Sports activities		150,648	98,821	249,469	128,788

12.	Analysis ofsupport co	sts
								Total 2021	Total 2020
								2		6
	Depreciation Advertising and marketing Bank charges General expenses Finance charges Consulting Legal and professional Independent examination and Telephone Interest payable		accountancy fees					83,113 1,927 187 5,405 2,850 1,250 1,310 2i011 768		14,065 1,804 172 2,293 2,332 1,599 1,275 736
								98,821		24,276
13.	Net income
	Net income is stated after charging/(crediting):							2021 f		2020
	Depreciation of tangible	fixed	assets					83,113		14,065
14.	Staff costs
	The total staff costs and	employee		benefits for		the reporting	period are	analysed as 2021	follows: 2020
								2
	Wages and salaries Social security costs Employer contributions	to pension		plans				95,864 1,486 1,593		66,840 1,174
								98,943		68,014
	The average head count of employees				during	the year was 6 (2020:		4). The average		number of
	full-time equivalent employees		during the year			is analysed as follows:		2021		2020
								No.		No.
	Number of other staff - coaching							6		4

Tangible fixed assets	Year ended	31 Decemb	er 2021
GROUP	Land and	Solar
	buildings	Equipment	Equipment	Clubhouse	Total
	2
Cost
At 1 January 2021 Additions	2,772,306 502,789	80,446	17,353 48,851	23,586	2,813,245 632,086
At 31 December 2021	3,275,095	80,446	66,204	23,586	3,445,331
Depreciation At 1 January 2021 Charge for the year	48,585 63,002	8,045	7,057 9,707	13;534 2,359	69,176 83,113
At 31 December 2021	111,587	8,045	16,764	15,893	152,289
Carrying' amount At 31 December 2021	3,163,508	72,401	49,440	7,693	3,293,042
At 31 December 2020	2,723,721		10,296	10,052	2,744,069
COMPANY		Land and
		buildings	Equipment	Clubhouse	Total
		2			2
Cost
At 1 January 2021 Additions		2,772,306 502,789	16,957 48,851	23,586	2,812,849 551,640
At 31 December 2021		3,275,095	65,808	23,586	3,364,489
Depreciation At 1 January 2021 Charge for the year		48,585 63,002	6,958 9,608	13,534 2,359	69,077 74,969
At 31 December 2021		111,587	16,566	15,893	144,046
Carrying amount At 31 December 2021		3,163,508	49,242	7,693	3,220,443
At 31 December 2020		2,723,721	9,999	10,052	2,743,772
Investments
					Shares in
					gl'oup
					undertakings
COMPANY					2
Cost
At 1 January 2021 and 31 December		2021
Impairment
At 1 January 2021 and 31 December		2021
Carrying amount
At 31 December 2021
At 31 December 2020

18.	Stocks
	GROUP		2021	2020
			2
	Stock		1,840	1,440
	COMPANY		2021	2020
			2
	Stock		972	1,440
19.	Debtors
	GROUP		2021	2020
			2	6
	Trade debtors		877	1,581
	Prepayments Other debtors	and accrued income	1,492 23,203	2,030 28,375
			25,572	31,986
	COMPANY		2021	2020
			6
	Amounts owed by group undertakings Prepayments and accrued income Other debtors		1,492 16,530	4, 121 2,030 33,010
			18,022	39,161
20.	Creditors: amounts falling due within one year
	GROUP		2021 f	2020 9
	Bank loans		6,400	2,667
	Trade creditors		104,604	39,212
	Accruals and	deferred income	5,459	10,064
	Social security and other taxes Other creditors		2,815 20,078	1,106 100,000
			139,356	153,049

COMPANY		2021	2020
		2
Trade creditors		101,771	35,800
Amounts owed to group undertakings Accruals and deferred income		33,453 5,459	10,064
Otherloans		20,078	100,000
		160,761	145,864
Creditors: amounts	falling due after more than one year
GROUP		2021	2020
		2
Bank loans		22,933	29,333
Otherloans		659,116	348,750
		682,049	378,083
COIIIIPANY		2021	2020
		2
Other loans		579,115	348,750

Within other loans are amounts owed to the LTA wh	ich is secured against the property,
Deferred income
GROUP	2021	2020
	2
At 1 January 2021 Amount released to income		3,318 (3,318)
At 31 December 2021

Government	grants	grants
The amounts	recognised in the financial		statements	for government	grants are as follows: 2021	2020
					2	9
Recognised in creditors: Deferred government grants due within			one year			3,318
Recognised	in income from donations	and legacies:

Government grants inC(e 5&120 39,533 19-

Unrestricted	funds - Group
							At
	At 1 January 2021		Income	Expenditure	Transfers	31	December 2021
				2			2
General funds		1,661,813	282,158	(229,028)	28,911		1,743,854
							At
	At	1 January 2020	Income	Expenditure	Transfers	31 '	December 2020
			2	2	2
General funds		1,651,911	131,768	(128,290)	6,424		1,661,813
Unrestricted	funds - Company						At
	At	1 January 2021	Income	Expenditure	Transfers	31	December 2021
					2		2
General funds		1,661,743	146,070	(92,853)	28,911		1,743,871
							At
	At 1 January 2020		Income	Expenditure	Transfers	31	December 2020
		2		8
General funds		1,654,320	37,250	(36,251)	6,424		1,661,743

Restricted funds	- Group
					At
	At 1 January 2021	Income	Expenditure	31 Transfers	December 2021
		2			2
Phase 1 and 2	772,051	14,999			787,050
Changing places Defibrillator fund	25,335 1,331			(25,335)	1,331
Bridge Trust	3,576			(3,576)
Table Tennis donation
LTA Capital Funding
Bideford Town Council—
Volunteer Program
Funding		4,000	(4,000)
Kickstart Funding		15,878	(15,878)
DCC - Volunteer	funding	1,300	(1,300)
	802,293	36,177	(21,178)	(28,911)	788,381

Analysis of charitable fund	s (continued)
					At
At	1 January 2020	Income	Expenditure	31 Transfers	December 2020
	2		2
Phase 1 and 2 Changing places Defibrillator fund Bridge Trust	584,551 25,335 1,370 5,000	5,000	(39)	187,500 (6,424)	772,051 25,335 1,331 3,576
Table Tennis donation		1,050	(1,050)
LTA Capital Funding		187,500		(187,500)
Bideford Town Council-
Volunteer Program
Funding
Kickstart Funding
DCC - Volunteer funding
	616,256	193,550	(1,089)	(6,424)	802,293
Restricted funds - Company					At
At 1 January 2021		Income	Expenditure	31 Transfers	December 2021
	'2			2	2
Phase1 &2	772,051	18,999	(4,000)		787,050
Changing places Defibrillator fund	25,335 1,331			(25,335)	1,331
Bridge Trust	3,576			(3,576)
Table Tennis Donation
LTA Capital Funding
	802,293	18,999	(4,000)	(28,911)	788,381
					At
At	1 January 2020	Income	Expenditure	31 Transfers	December 2020
	2
Phase1 &2 Changing places Defibrillator fund Bridge Trust	584,551 25,335 1,370 5,000	5,000	(39)	187,500 (187,500) (6,424)	772,051 25,335 (186,169) 3,576
Table Tennis Donation LTA Capital Funding		1,050 187,500	(1,050)		187,500
	616,256	193,550	(1,089)	(6,424)	802,293

Analysis of net as	ts between funds
GROUP		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
				2
Tangible fixed assets Current assets		2,505,992 59,267	787,050 1,331	3,293,042 60,598
Creditors less than 1 year Creditors greater than 1 year		(139,356) (682,049)		(139,356) (682,049)
Net assets		1,743,854	788,381	2,532,235
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
				2
Tangible fixed assets Current assets		1,972,018 220,927	772,051 30,242	2,744,069 251,169
Creditors less than 1 Creditors greater than	year 1 year	(150,382) (380,750)		(150,382) (380,750)
Net assets		1,661,813	802,293	2,464,106

		Unrestricted	Restricted	Total Funds
COMPANY		Funds	Funds	2021
		6	2	2
Tangible fixed assets Investments		2,433,393 1	787,050	3,220,443 1
Current assets		16,691	1,331	18,022
Creditors less than 1 year Creditors greater than 1 year		(160,760) (579,115)		(160,760) (579,115)
Net assets		1,710,210	788,381	2,498,591
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
			2
Tangible fixed assets		1,971,721	772,051	2,743,772
Investments		1		1
Current assets		184,635	30,242	214,877
Creditors less than 1 Creditors greater than	year I year	(145,864) (348,750)		(145,864) (348,750)
Net assets		1,661,743	802,293	2,464,036