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|||||Pages|
|---|---|---|---|---|
|Trustees'<br>annual<br>report (incorporating<br>the||director's|report)|1 to 5|
|Independent<br>auditor's|report to the members|||6tog|
|Statement<br>of financial|activities<br>(including|income and|||
|expenditure<br>account)||||10|
|Group statement<br>of financial<br>position|||||
|Company<br>statement|of financial<br>position|||12|
|Notes to the financial|statements|||13to 27|





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|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<br>Lynd||||
|||||Neil Darnley||||
|||||Mark Clayton||||
|||||Atlantic Coast Co-Operative||Trust||
|||||David Vinall||||
|||||The Northam<br>Care Trust||||
|Company|secretary|||Anoushka<br>Lynd||||
|Auditor||||Westcotts (SW) LLP||||
|||||Chartered<br>accountants|&Statutory||Auditors|
|||||47 Boutport Street||||
|||||Barnstaple||||
|||||Devon||||
|||||EX31 tSQ||||



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||||||2022||2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|||
|||||funds|funds|Total funds|Total funds|
||||Note|2|2|2|2|
|Income and endowments||||||||
|Donations<br>and legacies<br>Other trading<br>activities|||5<br>6|50,661<br>7,592|146,701|197,362<br>7,592|192,309<br>770|
|Investment<br>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<br>on raising funds:<br>Costs ofother trading<br>activities<br>Expenditure<br>on charitable<br>activities|||9<br>10,11|1,619<br>194,993|21,437|1,619<br>216,430|737<br>249,469|
|Total expenditure||||196,612|21,437|218,049|250,206|
|Net income||||(19,243)|125,264|106,021|68,129|
|Transfers<br>between|funds|||3,805|(3,805)|||
|Net movement<br>in|funds|||(15,438)|121,459|106,021|68,129|
|Reconciliation<br>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|





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|||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<br>funds|||||1,728,416|1,743,854|
|Total charity funds|||24||2,638,256|2,532,235|





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||||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<br>one year||falling|due after more than|21||581,063|579,115|
|Net assets||||||2,670,221|2,532,252|
|Funds ofthe charity||||||||
|Restricted<br>funds||||||909,840|788,381|
|Unrestricted|funds|||||1,760,381|1,743,871|
|Total charity|funds|||24||2,670,221|2,532,252|





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||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||Funds|Funds|2022<br>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|





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|7.|Investment<br>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<br>Support costs|||||172,636<br>22,357|21,437|194,073<br>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|





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|11.|Expenditure|on charitab|le<br>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<br>Finance charges||||||8,582<br>3,384|5,405<br>2,850||
||Consulting|||||||||
||Legal and professional||||||2,556||1,250|
||Independent|examination|and accountancy||fees||||1,310|
||Auditors<br>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||





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|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<br>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<br>Additions|3,275,095<br>147,824|65,808<br>8,416|23,586<br>1,075|3,364,489<br>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<br>amount<br>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|





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|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<br>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||





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|20.|Creditors: amounts|Year ended 31 December 2022<br>falling due within one year|||
|---|---|---|---|---|
||GROUP||2022|2021|
||||2||
||Bank loans and overdrafts||6,400|6,400|
||Payments<br>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<br>owed to group undertakings<br>Accruals and deferred<br>income||380<br>4,207|33,453<br>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|



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|Government|grants|grants||||
|---|---|---|---|---|---|
|The amounts|recognised<br>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|





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|Unrestri|cted<br>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|



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|||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|





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|||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<br>places|||||||
|Defibrillator<br>fund||1,331||||1,331|
|Bridge Trust|||||||
|Table Tennis<br>Donation|||999||(999)||
|Bideford Town Council-|||||||
|Volunteer<br>Program|||||||
|Funding|||||||
|Kickstart Funding|||2,896|(2,896)|||
|Equipment<br>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<br>1 and 2||772,051|14,999|||787,050|
|Changing<br>places||25,335|||(25,335)||
|Defibrillator<br>fund||1,331||||1,331|
|Bridge Trust||3,576|||(3,576)||
|Table Tennis donation|||||||
|Bideford Town Council-|||||||
|Volunteer<br>Program|||||||
|Funding|||4,000|(4,000)|||
|Kickstart<br>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|





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||||At||||At|
|---|---|---|---|---|---|---|---|
|||1|January|||31|December|
||||2022|Income|Expenditure|Transfers|2022|
|||||2|||2|
|Phase1<br>&2|||787,050|140,000|(18,541)||908,509|
|Changing<br>places||||||||
|Defibrillator<br>fund|||1,331||||1,331|
|Bridge Trust||||||||
|Table Tennis Donation||||999||(999)||
|Equipment<br>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<br>1 &2|||772,051|18,999|(4,000)||787,050|
|Changing<br>places|||25,335|||(25,335)||
|Defibrillator<br>fund|||1,331||||1,331|
|Bdidge Trust|||3,576|||(3,576)||
|Table Tennis Donation||||||||
|Equipment<br>fund||||||||
|TDC Councillor|Grant|||||||
||||802,293|18,999|(4,000)|(28,911)|788,381|





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|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|





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|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|



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