| Pages | ||||
|---|---|---|---|---|
| Trustees' annual report (incorporating the |
director's | report) | 1 to 5 | |
| Independent auditor's |
report to the members | 6tog | ||
| Statement of financial |
activities (including |
income and | ||
| expenditure account) |
10 | |||
| Group statement of financial position |
||||
| Company statement |
of financial position |
12 | ||
| Notes to the financial | statements | 13to 27 |
| Reference | and administrative | and administrative | and administrative | details | |||
|---|---|---|---|---|---|---|---|
| Registered | charity | name | Atlantic Racquet Centre | ||||
| Charity registration | number | 1156455 | |||||
| Company | registration | number | 07829589 | ||||
| Principal office and | registered | Atlantic Raquet Centre | |||||
| office | Farm Road | ||||||
| Clovelly Road Industrial | Estate | ||||||
| Bideford | |||||||
| EX393BE | |||||||
| The trustees | Anoushka Lynd |
||||||
| Neil Darnley | |||||||
| Mark Clayton | |||||||
| Atlantic Coast Co-Operative | Trust | ||||||
| David Vinall | |||||||
| The Northam Care Trust |
|||||||
| Company | secretary | Anoushka Lynd |
|||||
| Auditor | Westcotts (SW) LLP | ||||||
| Chartered accountants |
&Statutory | Auditors | |||||
| 47 Boutport Street | |||||||
| Barnstaple | |||||||
| Devon | |||||||
| EX31 tSQ |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | 2 | 2 | 2 | 2 | |||
| Income and endowments | |||||||
| Donations and legacies Other trading activities |
5 6 |
50,661 7,592 |
146,701 | 197,362 7,592 |
192,309 770 |
||
| Investment income |
7 | 103 | 103 | 12 | |||
| Other income | 8 | 119,013 | 119,013 | 125,244 | |||
| Total income | 177,369 | 146,701 | 324,070 | 318,335 | |||
| Expenditure | |||||||
| Expenditure on raising funds: Costs ofother trading activities Expenditure on charitable activities |
9 10,11 |
1,619 194,993 |
21,437 | 1,619 216,430 |
737 249,469 |
||
| Total expenditure | 196,612 | 21,437 | 218,049 | 250,206 | |||
| Net income | (19,243) | 125,264 | 106,021 | 68,129 | |||
| Transfers between |
funds | 3,805 | (3,805) | ||||
| Net movement in |
funds | (15,438) | 121,459 | 106,021 | 68,129 | ||
| Reconciliation of |
funds | ||||||
| Total funds brought | forward | 1,743,854 | 788,381 | 2,532,235 | 2,464,106 | ||
| Total funds carried forward | 1,728,416 | 909,840 | 2,638,256 | 2,532,235 |
| 31 Decem | ber 2022 | |||||
|---|---|---|---|---|---|---|
| GROUP | 2022 | 2021 | ||||
| Note | 2 | 2 | ||||
| Fixed assets | ||||||
| Tangible fixed assets | 3,360,355 | 3,293,042 | ||||
| Current assets | ||||||
| Stocks | 18 | 3,105 | 1,840 | |||
| Debtors | 19 | 14,215 | 25,572 | |||
| Cash at bank and in hand | 97,935 | 33,186 | ||||
| 115,255 | 60,598 | |||||
| Creditors: amounts | falling | due within one year | 20 | 159,757 | 139,356 | |
| Net current liabilities | 44,502 | 78,758 | ||||
| Total assets less current | liabilities | 3,315,853 | 3,214,284 | |||
| Creditors: amounts | falling | due after more than | ||||
| one year | 21 | 677,597 | 682,049 | |||
| Net assets | 2,638,256 | 2,532,235 | ||||
| Funds ofthe charity | ||||||
| Restricted funds | 909,840 | 788,381 | ||||
| Unrestricted funds |
1,728,416 | 1,743,854 | ||||
| Total charity funds | 24 | 2,638,256 | 2,532,235 |
| 31 Decem | ber 2022 | ||||||
|---|---|---|---|---|---|---|---|
| COMPANY | 2022 | 2021 | |||||
| Note | 2 | ||||||
| Fixed assets | |||||||
| Tangible fixed assets | 16 | 3,292,143 | 3,220,443 | ||||
| Investments | 17 | 1 | 1 | ||||
| 3,292,144 | 3,220,444 | ||||||
| Current assets | |||||||
| Stocks | 18 | 972 | |||||
| Debtors | 19 | 14,925 | 18,022 | ||||
| Cash at bank | and in hand | 94,043 | 32,690 | ||||
| 108,968 | 51,684 | ||||||
| Creditors: amounts | falling | due within one year | 20 | 149,828 | 160,761 | ||
| Net current | liabilities | 40,860 | 109,077 | ||||
| Total assets | less current | liabilities | 3,251,284 | 3,111,367 | |||
| Creditors: amounts one year |
falling | due after more than | 21 | 581,063 | 579,115 | ||
| Net assets | 2,670,221 | 2,532,252 | |||||
| Funds ofthe charity | |||||||
| Restricted funds |
909,840 | 788,381 | |||||
| Unrestricted | funds | 1,760,381 | 1,743,871 | ||||
| Total charity | funds | 24 | 2,670,221 | 2,532,252 |
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2022 f |
|||
| Donations | |||||
| Donations | 50,488 | 2,306 | 52,794 | ||
| Grants | |||||
| Grants receivable | 173 | 144,395 | 144,568 | ||
| Covid-19 Grants | |||||
| 50,661 | 146,701 | 197,362 | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| Donations | |||||
| Donations | 79,128 | 79,128 | |||
| Grants | |||||
| Grants receivable | 18,884 | 36,177 | 55,061 | ||
| Covid-19 Grants | 58,120 | 58,120 | |||
| 156,132 | 36,177 | 192,309 | |||
| Other trading activities | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| 2 | |||||
| Fundraising | events | 173 | 173 | ||
| Merchandise | 267 | 267 | 58 | 58 | |
| Food and drink | 6,583 | 6,583 | 194 | 194 | |
| Hoodies income | 569 | 569 | 518 | 518 | |
| 7,592 | 7,592 | 770 | 770 |
| 7. | Investment i |
ncome | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2022 | Funds | 2021 | |||||
| 2 | 2 | |||||||
| Bank interest | receivable | 103 | 103 | 12 | 12 | |||
| 8. | Other income | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2022 | Funds | 2021 | |||||
| 2 | ||||||||
| Income from facility | hire | 92,522 | 92,522 | 62,232 | 62,232 | |||
| Licence income | 13,500 | 13,500 | 6,500 | 6,500 | ||||
| Other revenue | 1,778 | 1,778 | 55,239 | 55,239 | ||||
| Balls and Equipment | income | 837 | 837 | |||||
| Gym income | 11,213 | 11,213 | 436 | 436 | ||||
| 119,013 | 119,013 | 125,244 | 125,244 | |||||
| 9. | Costs of other trading activities | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2022 | Funds | 2021 | |||||
| 2 | 2 | |||||||
| Direct costs | 1,619 | 1,619 | 737 | 737 | ||||
| 10. | Expenditure | on charitable | activities | by fund type | ||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2022 | ||||||
| 2 | 2 | 2 | ||||||
| Sports &fitness activities Support costs |
172,636 22,357 |
21,437 | 194,073 22,357 |
|||||
| 194,993 | 21,437 | 216,430 | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2021 | ||||||
| 2 | 2 | |||||||
| Sports &fitness activities | 214,105 | 19,656 | 233,761 | |||||
| Support costs | 14,186 | 1,522 | 15,708 | |||||
| 228,291 | 21,178 | 249,469 |
| 11. | Expenditure | on charitab | le activit |
ies by | activity type | ||||
|---|---|---|---|---|---|---|---|---|---|
| Activities | |||||||||
| undertaken | Total funds | Total | fund | ||||||
| directly Support costs | 2022 | 2021 | |||||||
| 2 | |||||||||
| Sports activities | 194,073 | 22,357 | 216,430 | 249,469 | |||||
| 12. | Analysis of support costs | ||||||||
| Total 2022 | Total | 2021 | |||||||
| 2 | |||||||||
| Advertising | and marketing | 1,311 | 1,927 | ||||||
| Bank charges | 182 | 187 | |||||||
| General expenses Finance charges |
8,582 3,384 |
5,405 2,850 |
|||||||
| Consulting | |||||||||
| Legal and professional | 2,556 | 1,250 | |||||||
| Independent | examination | and accountancy | fees | 1,310 | |||||
| Auditors remuneration |
4,095 | ||||||||
| Telephone | 1,587 | 2,011 | |||||||
| Interest payable | 660 | 768 | |||||||
| 22,357 | 15,708 | ||||||||
| 13. | Net income | ||||||||
| Net income | is stated after charging/(crediting): | ||||||||
| 2022 | 2021 | ||||||||
| 2 | |||||||||
| Depreciation | of tangible | fixed assets | 95,012 | 83,113 | |||||
| 14. | Staff costs | ||||||||
| The total staff costs and | employee | benefits for the reporting | period are analysed as | follows: | |||||
| 2022 | 2021 | ||||||||
| 2 | |||||||||
| 22,450 | 95,864 | ||||||||
| 895 | 1,486 | ||||||||
| 507 | 1,593 | ||||||||
| 23,852 | 98,943 |
| Tangible fixed assets | |||||
|---|---|---|---|---|---|
| GROUP | Land and | Solar | |||
| buildings | Equipment | Equipment | Clubhouse | Total | |
| 2 | |||||
| Cost | |||||
| At 1 January 2022 | 3,275,095 | 80,446 | 66,204 | 23,586 | 3,445,331 |
| Additions | 147,824 | 13,426 | 1,075 | 162,325 | |
| At 31 December 2022 | 3,422,919 | 80,446 | 79,630 | 24,661 | 3,607,656 |
| Depreciation | |||||
| At 1 January 2022 | 111,587 | 8,045 | 16,764 | 15,893 | 152,289 |
| Charge for the year | 65,958 | 8,045 | 18,542 | 2,467 | 95,012 |
| At 31 December 2022 | 177,545 | 16,090 | 35,306 | 18,360 | 247,301 |
| Carrying amount |
|||||
| At 31 December 2022 | 3,245,374 | 64,356 | 44,324 | 6,301 | 3,360,355 |
| At 31 December 2021 | 3,163,508 | 72,401 | 49,440 | 7,693 | 3,293,042 |
| CHARITY | ||||
|---|---|---|---|---|
| Land and | ||||
| buildings | Equipment | Clubhouse | Total | |
| 2 | 2 | |||
| Cost | ||||
| At 1 January 2022 Additions |
3,275,095 147,824 |
65,808 8,416 |
23,586 1,075 |
3,364,489 157,315 |
| At 31 December 2022 | 3,422,919 | 74,224 | 24,661 | 3,521,804 |
| Depreciation | ||||
| At 1 January 2022 | 111,587 | 16,566 | 15,893 | 144,046 |
| Charge for the year | 65,958 | 17,190 | 2,467 | 85,615 |
| At 31 December 2022 | 177,545 | 33,756 | 18,360 | 229,661 |
| Carrying amount At 31 December 2022 |
3,245,374 | 40,466 | 6,301 | 3,292,143 |
| At 31 December 2021 | 3,163,508 | 49,242 | 7,693 | 3,220,443 |
| 17. | Investments | ||||
|---|---|---|---|---|---|
| CHARITY | Shares in | ||||
| gl'cup | |||||
| undertakings | |||||
| 2 | |||||
| Cost or valuation | |||||
| At 1 January | 2022 and 31 December 2022 | ||||
| Impairment | |||||
| At 1 January | 2022 and 31 December 2022 | ||||
| Carrying amount |
|||||
| At 31 December 2022 | |||||
| At 31 December 2021 | |||||
| All investments | shown above are held at valuation. | ||||
| 18. | Stocks | ||||
| 2022 | 2021 | ||||
| 2 | |||||
| Raw materials | and consumables | 3,105 | 1,840 | ||
| 19. | Debtors | ||||
| GROUP | 2022 | 2021 | |||
| 2 | |||||
| Trade debtors | 2,311 | 877 | |||
| Prepayments | and accrued income | 3,078 | 1,492 | ||
| Other debtors | 8,826 | 23,203 | |||
| 14,215 | 25,572 | ||||
| CHARITY | |||||
| 2022 | 2021 | ||||
| 2 | |||||
| Prepayments | and accrued income | 3,078 | 1,492 | ||
| Other debtors | 11,847 | 16,530 | ' | ||
| 14,925 | 18,022 |
| 20. | Creditors: amounts | Year ended 31 December 2022 falling due within one year |
||
|---|---|---|---|---|
| GROUP | 2022 | 2021 | ||
| 2 | ||||
| Bank loans and overdrafts | 6,400 | 6,400 | ||
| Payments received on account |
104 | |||
| Trade creditors | 6,907 | 104,604 | ||
| Accruals and deferred | income | 4,207 | 5,459 | |
| Social security and other taxes | 2,762 | 2,815 | ||
| Other creditors | 139,377 | 20,078 | ||
| 159,757 | 139,356 | |||
| CHARITY | 2022 | 2021 | ||
| 2 | ||||
| Trade creditors | 5,864 | 101,771 | ||
| Amounts owed to group undertakings Accruals and deferred income |
380 4,207 |
33,453 5,459 |
||
| Otherloans | 139,377 | 20,078 | ||
| 149,828 | 160,761 | |||
| 21. | Creditors: amounts | falling due after more than one year | ||
| GROUP | 2022 | 2021 | ||
| 8 | ||||
| Bank loans and overdrafts | 16,533 | 22,933 | ||
| Other creditors | 661,064 | 659,116 | ||
| 677,597 | 682,049 | |||
| CHARITY | 2022 | 2021 | ||
| 2 | 2 | |||
| Other creditors | 581,063 | 579,115 |
| Government | grants | grants | |||
|---|---|---|---|---|---|
| The amounts | recognised in the financial statements |
for government | grants are as follows: | ||
| 2022 | 2021 | ||||
| 2 | |||||
| Recognised | in income from donations | and legacies'. | |||
| Government | grants income | 58,120 |
| Unrestri | cted funds |
- GROUP | ||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 January | 31 December | |||||
| 2022 | Income | Expenditure | Transfers | 2022 | ||
| 2 | 2 | |||||
| General | funds | 1,743,854 | 177,369 | (196,612) | 3,805 | 1,728,416 |
| At | At | |||||
| 1 January | 31 December | |||||
| 2021 | Income | Expenditure | Transfers | 2021 | ||
| 2 | ||||||
| General | funds | 1,661,813 | 282,158 | (229,028) | 28,911 | 1,743,854 |
| At | At | ||||||
|---|---|---|---|---|---|---|---|
| 1 January | 31 | December | |||||
| 2022 | Income | Expenditure | Transfers | 2022 | |||
| 2 | 2 | 2 | |||||
| General | funds | 1,743,871 | 106,914 | (94,209) | 3,805 | 1,760,381 | |
| At | At | ||||||
| 1 January | 31 | December | |||||
| 2021 | Income | Expenditure | Transfers | 2021 | |||
| 2 | 2 | 2 | |||||
| General | funds | 1,661,743 | 146,070 | (92,853) | 28,911 | 1,743,871 |
| At | At | |||||
|---|---|---|---|---|---|---|
| 1 January | 31 | December | ||||
| 2022 | Income | Expenditure | Transfers | 2022 | ||
| 2 | ||||||
| Phase 1 and 2 | 787,050 | 140,000 | (18,541) | 908,509 | ||
| Changing places |
||||||
| Defibrillator fund |
1,331 | 1,331 | ||||
| Bridge Trust | ||||||
| Table Tennis Donation |
999 | (999) | ||||
| Bideford Town Council- | ||||||
| Volunteer Program |
||||||
| Funding | ||||||
| Kickstart Funding | 2,896 | (2,896) | ||||
| Equipment Fund |
2,306 | (2,306) | ||||
| TDC Councillor | Grant | 500 | (500) | |||
| 788,381 | 146,701 | (21,437) | (3,805) | 909,840 | ||
| At | At | |||||
| 1 January | 31 | December | ||||
| 2021 | Income | Expenditure | Transfers | 2021 | ||
| Phase 1 and 2 |
772,051 | 14,999 | 787,050 | |||
| Changing places |
25,335 | (25,335) | ||||
| Defibrillator fund |
1,331 | 1,331 | ||||
| Bridge Trust | 3,576 | (3,576) | ||||
| Table Tennis donation | ||||||
| Bideford Town Council- | ||||||
| Volunteer Program |
||||||
| Funding | 4,000 | (4,000) | ||||
| Kickstart Funding |
15,878 | (15,878) | ||||
| DCC - Volunteer | funding | 1,300 | (1,300) | |||
| TDC Councillor | Grant | |||||
| 802,293 | 36,177 | (21,178) | (28,911) | 788,381 |
| At | At | ||||||
|---|---|---|---|---|---|---|---|
| 1 | January | 31 | December | ||||
| 2022 | Income | Expenditure | Transfers | 2022 | |||
| 2 | 2 | ||||||
| Phase1 &2 |
787,050 | 140,000 | (18,541) | 908,509 | |||
| Changing places |
|||||||
| Defibrillator fund |
1,331 | 1,331 | |||||
| Bridge Trust | |||||||
| Table Tennis Donation | 999 | (999) | |||||
| Equipment fund |
2,306 | (2,306) | |||||
| TDC Councillor | Grant | 500 | (500) | ||||
| 788,381 | 143,805 | (18,541) | (3,805) | 909,840 | |||
| At | At | ||||||
| 1 January | 31 | December | |||||
| 2021 | Income | Expenditure | Transfers | 2021 | |||
| 2 | 2 | ||||||
| Phase 1 &2 |
772,051 | 18,999 | (4,000) | 787,050 | |||
| Changing places |
25,335 | (25,335) | |||||
| Defibrillator fund |
1,331 | 1,331 | |||||
| Bdidge Trust | 3,576 | (3,576) | |||||
| Table Tennis Donation | |||||||
| Equipment fund |
|||||||
| TDC Councillor | Grant | ||||||
| 802,293 | 18,999 | (4,000) | (28,911) | 788,381 |
| Analysis of net as | se | ts between funds | |||
|---|---|---|---|---|---|
| GROUP | Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | |||
| 6 | |||||
| Tangible fixed assets | 2,451,846 | 908,509 | 3,360,355 | ||
| Current assets | 113,924 | 1,331 | 115,255 | ||
| Creditors less than | 1 | year | (179,759) | (179,759) | |
| Creditors greater than | 1 year | (657,595) | (657,595) | ||
| Net assets | 1,728,416 | 909,840 | 2,638,256 | ||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| Tangible fixed assets | 2,505,992 | 787,050 | 3,293,042 | ||
| Current assets | 59,267 | 1,331 | 60,598 | ||
| Creditors less than | 1 | year | (139,356) | (139,356) | |
| Creditors greater than | 1 year | (682,049) | (682,049) | ||
| Net assets | 1,743,854 | 788,381 | 2,532,235 |
| CHARITY | Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||
| 2 | 2 | ||||
| Tangible fixed assets | 2,383,634 | 908,509 | 3,292,143 | ||
| Investments | 1 | 1 | |||
| Current assets | 107,637 | 1,331 | 108,968 | ||
| Creditors less than | 1 | year | (149,828) | (149,828) | |
| Creditors greater than | 1 year | (581,063) | (581,063) | ||
| Net assets | 1,760,381 | 909,840 | 2,670,221 | ||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2021 | |||
| 6 | 2 | ||||
| Tangible fixed assets | 2,433,393 | 787,050 | 3,220,443 | ||
| Investments | 1 | 1 | |||
| Current assets | 16,691 | 1,331 | 18,022 | ||
| Creditors less than | 1 | year | (160,760) | (160,760) | |
| Creditors greater than | 1 year | (579,115) | (579,115) | ||
| Net assets | 1,710,210 | 788,381 | 2,498,591 |