## ## ## ## |||||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| # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||Year|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|Total|Funds|Unrestricted|Total|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|se|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| ## ##