2022-03-31-accounts - Meriden Sports And Recreation Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Reference and Administrative Details
Report ofthe Trustees	2	io	6
Independent Examiner's Report
Statement of Financial Activities
Statement of Financial Position
Statement ofCash Flows		10
Notes to the Statement ofCash Flows
Notes to the Financial Statements	12 io		17

							2022	2021
					Unrestricted	Endowment	Total	Total
					fund	fund	funds	funds
				Notes		f		6
INCOME	AND ENDOWMENTS		FROM
Donations	and legacies			2	12		12
Investment	income			3	63,327		63,327	62,082
Total					63,339		63,339	62,082
EXPENDITURE ON
Charitable	activities
Grants to	institutions				55,360		55,360	58,635
Support costs					2 132		2 132	2,669
Grants to	individuals				500		500
Total					57,992		57,992	61,304
Net gains	on investments					183,899	183,899	363,824
NET INCOME					5,347	183,899	189,246	364,602
RECONCILIATION		OF FUNDS
Total funds brought		forward			29,972	2,121,353	2,151,325	1,786,723
TOTAL FUNDS CARRIED FORWARD					35,319	2,305,252	2,340,571	2,151,325

				2022	2021
		Unrestricted	Endowment	Total	Total
		fund	fund	funds	funds
	Notes			f	f
FIXEDASSETS
Investments	9		2,305,252	2,305,252	2,121,353
CURRENT ASSETS
Cash at bank		36,839		36,839	31,712
CREDITORS
Amounts falling due within one year	10	(1,520)		(1,520)	(1,740)
NET CURRENT ASSETS		35,319		35,319	29,972
TOTAL ASSETSLESSCURRENT
LIABILITIES		35,319	2,305,252	2,340,571	2,151,325
NET ASSETS		35,319	2,305,252	2,340,571	2,151,325
FUNDS
Unrestricted funds				35,319	29,972
Endowment funds				2,305,252	2,121,353
TOTALFUNDS				2,340,571	2,151,325

						2022	2021
					Notes	6	f
Cash flows from		operating	activities
Cash generated	from operations				1	5,127	15,753
Net cash provided		by operating		activities		5,127	15,753
Change in cash		and cash	equivalents
in the reporting		period				5,127	15,753
Cash and cash	equivalents		at	the
beginning ofthe		reporting	period			31,712	15,959
Cash and cash	equivalents		at	the end
ofthe reporting		period				36,839	31,712

	RECONCILIATION	RECONCILIATION	RECONCILIATION	OF NET INCOME TO NET CASH	OF NET INCOME TO NET CASH	OF NET INCOME TO NET CASH	FLOW FROM OPERATING ACTIVITIES	FLOW FROM OPERATING ACTIVITIES	FLOW FROM OPERATING ACTIVITIES	FLOW FROM OPERATING ACTIVITIES
									2022	2021
									K
	Net income		forthe	reporting		period (as per the Statement of
	Financial	Activities)							189,246	364,602
	Adjustments		for:
	Gain on investments								(183,899)	(363,824)
	Decrease	in debtors								15,000
	Decrease	in	creditors						(220)	(25)
	Net cash	provided		by operations					5,127	15,753
2,	ANALYSIS OF CHANGES				IN	NET FUNDS
							At	1.4.21	Cash flow	At 31.3.22
								8	f	E
	Net cash
	Cash at bank							31,712	5,127	36,839
								31,712	5,127	36,839
	Total							31,712	5,127	36,839

2.	DONATIONS	AND	LEGACIES
									2022		2021
									6
	Donations									12
	INVESTMENT	INCOME
									2022		2021
									6		6
	Investment income								63,327		62,082
4.	CHARITABLE	ACTIVITIES COSTS
						Grant
						funding		of
						activities			Support
						(see	note		costs	(see
						5)			note 6)		Totals
						6			E
	Grants to institutions					55,360					55,360
	Support costs								2	132	2 132
	Grants to individuals						500				500
						55,860			2	132	57,992
6.	GRANTS PAYABLE
									2022		2021
									6		E
	Grants to institutions								55,360		58,635
	Grants to individuals									500
									55,860		58,635
	The total grants paid to institutions			during	the year	was as follows:
									2022		2021
											E
	Meriden Sports Park								55,000		55,000
	Meriden Scouts										2,156
	Centre ofEngland		Arts								244
	Grants to individuals									500
	St Laurence PCC										755
	Meriden Lions	FC									480
	The Langdale	Trust								360
									55,860		58,635

SUPPORT COSTS	SUPPORT COSTS			Governance
			Management f	costs f	Totals f
Support costs			972	1,160	2 132
Support costs, included		in the above, are as follows:
				2022	2021
				Support	Total
				costs	activities
				6	E
Insurance				662	694
Website costs				288	235
Room hire				22
Accountancy	and legal	fees		1,160	1,740
				2 132	2,669

			Unrestricted	Endowment	Total
			fund	fund	funds
			f	6	6
INCOME AND ENDOWMENTS		FROM
Investment income			62,082		62,082
EXPENDITURE ON
Charitable activities
Grants to institutions			58,635		58,635
Support costs			2,669		2,669
Total			61,304		61,304
Net gains on investments				363,824	363,824
NET INCONIE			778	363,824	364,602
RECONCILIATION	OF FUNDS
Total funds brought	forward		29,194	1,757,529	1,786,723

8,	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL	FOR THE STATEMENT OF FINANCIAL	FOR THE STATEMENT OF FINANCIAL	ACTIVITIES - continued	ACTIVITIES - continued
					Unrestricted	Endowment	Total
					fund	fund	funds
						f	8
	TOTAL FUNDS CARRIED		FORWARD		29,972	2,121,353	2,151,325
9,	FIXEDASSET INVESTMENTS
							Listed
							investments
							E
	MARKETVALUE
	At 1 April 2021						2,121,353
	Revaluations						183,899
	At 31 March 2022						2,305,252
	NET BOOK VALUE
	At 31 March 2022						2,305,252
	At 31 March 2021						2,121,353
	There were no investment		assets outside the UK.
	Cost or valuation	at 31 March 2022 is represented		by:
							Listed
							investments
							E
	Valuation in 2017						283,080
	Valuation in 2018						34,842
	Valuation in 2019						132,843
	Valuation in 2020						(57,174)
	Valuation in 2021						363,824
	Valuation in 2022						183,898
	Cost						1,363,939
							2,305,252

10.	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR
							2022	2021
							F.	E
	Other creditors						1,520	1,740
11.	MOVEMENT	IN	FUNDS
							Net
							movement	At
						At 1.4.21	in funds	31.3.22
						E	E	f
	Unrestricted	funds
	General fund					29,972	5,347	35,319
	Endowment	funds
	Endowment	fund				2,121,353	183,899	2,305,252
	TOTAL FUNDS					2,151,325	189,246	2,340,571
	Net movement in funds, included				in the above are as follows;
					Incoming	Resources	Gains and	Movement
					resources	expended	losses	in funds
								6
	Unrestricted	funds
	General fund				63,339	(57,992)		5,347
	Endowment	funds
	Endowment	fund					183,899	183,899
	TOTAL FUNDS				63,339	(57,992)	183,899	189,246
	Comparatives		for movement	in	funds
							Net
							movement	At
						At 1.4.20	in funds	31.3.21 f
	Unrestricted	funds
	General fund					29,194	778	29,972
	Endowment	funds
	Endowment	fund				1,757,529	363,824	2,121,353
	TOTAL FUNDS					1,786,723	364,602	2,151,325

Comparative	net movement in fun	ds, included in the above	are as follows:
		Incoming	Resources	Gains and	Movement
		resources 6	expended f	losses 6	in funds f
Unrestricted	funds
General fund		62,082	(61,304)		778
Endowment	funds
Endowment	fund			363,824	363,824
TOTAL FUNDS		62,082	(61,304)	363,824	364,602

		Page
Reference and Administrative Details
Report ofthe Trustees	2	io	6
Independent Examiner's Report
Statement of Financial Activities
Statement of Financial Position
Statement ofCash Flows		10
Notes to the Statement ofCash Flows
Notes to the Financial Statements	12 io		17

							2022	2021
					Unrestricted	Endowment	Total	Total
					fund	fund	funds	funds
				Notes		f		6
INCOME	AND ENDOWMENTS		FROM
Donations	and legacies			2	12		12
Investment	income			3	63,327		63,327	62,082
Total					63,339		63,339	62,082
EXPENDITURE ON
Charitable	activities
Grants to	institutions				55,360		55,360	58,635
Support costs					2 132		2 132	2,669
Grants to	individuals				500		500
Total					57,992		57,992	61,304
Net gains	on investments					183,899	183,899	363,824
NET INCOME					5,347	183,899	189,246	364,602
RECONCILIATION		OF FUNDS
Total funds brought		forward			29,972	2,121,353	2,151,325	1,786,723
TOTAL FUNDS CARRIED FORWARD					35,319	2,305,252	2,340,571	2,151,325

				2022	2021
		Unrestricted	Endowment	Total	Total
		fund	fund	funds	funds
	Notes			f	f
FIXEDASSETS
Investments	9		2,305,252	2,305,252	2,121,353
CURRENT ASSETS
Cash at bank		36,839		36,839	31,712
CREDITORS
Amounts falling due within one year	10	(1,520)		(1,520)	(1,740)
NET CURRENT ASSETS		35,319		35,319	29,972
TOTAL ASSETSLESSCURRENT
LIABILITIES		35,319	2,305,252	2,340,571	2,151,325
NET ASSETS		35,319	2,305,252	2,340,571	2,151,325
FUNDS
Unrestricted funds				35,319	29,972
Endowment funds				2,305,252	2,121,353
TOTALFUNDS				2,340,571	2,151,325

						2022	2021
					Notes	6	f
Cash flows from		operating	activities
Cash generated	from operations				1	5,127	15,753
Net cash provided		by operating		activities		5,127	15,753
Change in cash		and cash	equivalents
in the reporting		period				5,127	15,753
Cash and cash	equivalents		at	the
beginning ofthe		reporting	period			31,712	15,959
Cash and cash	equivalents		at	the end
ofthe reporting		period				36,839	31,712

	RECONCILIATION	RECONCILIATION	RECONCILIATION	OF NET INCOME TO NET CASH	OF NET INCOME TO NET CASH	OF NET INCOME TO NET CASH	FLOW FROM OPERATING ACTIVITIES	FLOW FROM OPERATING ACTIVITIES	FLOW FROM OPERATING ACTIVITIES	FLOW FROM OPERATING ACTIVITIES
									2022	2021
									K
	Net income		forthe	reporting		period (as per the Statement of
	Financial	Activities)							189,246	364,602
	Adjustments		for:
	Gain on investments								(183,899)	(363,824)
	Decrease	in debtors								15,000
	Decrease	in	creditors						(220)	(25)
	Net cash	provided		by operations					5,127	15,753
2,	ANALYSIS OF CHANGES				IN	NET FUNDS
							At	1.4.21	Cash flow	At 31.3.22
								8	f	E
	Net cash
	Cash at bank							31,712	5,127	36,839
								31,712	5,127	36,839
	Total							31,712	5,127	36,839

2.	DONATIONS	AND	LEGACIES
									2022		2021
									6
	Donations									12
	INVESTMENT	INCOME
									2022		2021
									6		6
	Investment income								63,327		62,082
4.	CHARITABLE	ACTIVITIES COSTS
						Grant
						funding		of
						activities			Support
						(see	note		costs	(see
						5)			note 6)		Totals
						6			E
	Grants to institutions					55,360					55,360
	Support costs								2	132	2 132
	Grants to individuals						500				500
						55,860			2	132	57,992
6.	GRANTS PAYABLE
									2022		2021
									6		E
	Grants to institutions								55,360		58,635
	Grants to individuals									500
									55,860		58,635
	The total grants paid to institutions			during	the year	was as follows:
									2022		2021
											E
	Meriden Sports Park								55,000		55,000
	Meriden Scouts										2,156
	Centre ofEngland		Arts								244
	Grants to individuals									500
	St Laurence PCC										755
	Meriden Lions	FC									480
	The Langdale	Trust								360
									55,860		58,635

SUPPORT COSTS	SUPPORT COSTS			Governance
			Management f	costs f	Totals f
Support costs			972	1,160	2 132
Support costs, included		in the above, are as follows:
				2022	2021
				Support	Total
				costs	activities
				6	E
Insurance				662	694
Website costs				288	235
Room hire				22
Accountancy	and legal	fees		1,160	1,740
				2 132	2,669

			Unrestricted	Endowment	Total
			fund	fund	funds
			f	6	6
INCOME AND ENDOWMENTS		FROM
Investment income			62,082		62,082
EXPENDITURE ON
Charitable activities
Grants to institutions			58,635		58,635
Support costs			2,669		2,669
Total			61,304		61,304
Net gains on investments				363,824	363,824
NET INCONIE			778	363,824	364,602
RECONCILIATION	OF FUNDS
Total funds brought	forward		29,194	1,757,529	1,786,723

8,	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL	FOR THE STATEMENT OF FINANCIAL	FOR THE STATEMENT OF FINANCIAL	ACTIVITIES - continued	ACTIVITIES - continued
					Unrestricted	Endowment	Total
					fund	fund	funds
						f	8
	TOTAL FUNDS CARRIED		FORWARD		29,972	2,121,353	2,151,325
9,	FIXEDASSET INVESTMENTS
							Listed
							investments
							E
	MARKETVALUE
	At 1 April 2021						2,121,353
	Revaluations						183,899
	At 31 March 2022						2,305,252
	NET BOOK VALUE
	At 31 March 2022						2,305,252
	At 31 March 2021						2,121,353
	There were no investment		assets outside the UK.
	Cost or valuation	at 31 March 2022 is represented		by:
							Listed
							investments
							E
	Valuation in 2017						283,080
	Valuation in 2018						34,842
	Valuation in 2019						132,843
	Valuation in 2020						(57,174)
	Valuation in 2021						363,824
	Valuation in 2022						183,898
	Cost						1,363,939
							2,305,252

10.	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR
							2022	2021
							F.	E
	Other creditors						1,520	1,740
11.	MOVEMENT	IN	FUNDS
							Net
							movement	At
						At 1.4.21	in funds	31.3.22
						E	E	f
	Unrestricted	funds
	General fund					29,972	5,347	35,319
	Endowment	funds
	Endowment	fund				2,121,353	183,899	2,305,252
	TOTAL FUNDS					2,151,325	189,246	2,340,571
	Net movement in funds, included				in the above are as follows;
					Incoming	Resources	Gains and	Movement
					resources	expended	losses	in funds
								6
	Unrestricted	funds
	General fund				63,339	(57,992)		5,347
	Endowment	funds
	Endowment	fund					183,899	183,899
	TOTAL FUNDS				63,339	(57,992)	183,899	189,246
	Comparatives		for movement	in	funds
							Net
							movement	At
						At 1.4.20	in funds	31.3.21 f
	Unrestricted	funds
	General fund					29,194	778	29,972
	Endowment	funds
	Endowment	fund				1,757,529	363,824	2,121,353
	TOTAL FUNDS					1,786,723	364,602	2,151,325

Comparative	net movement in fun	ds, included in the above	are as follows:
		Incoming	Resources	Gains and	Movement
		resources 6	expended f	losses 6	in funds f
Unrestricted	funds
General fund		62,082	(61,304)		778
Endowment	funds
Endowment	fund			363,824	363,824
TOTAL FUNDS		62,082	(61,304)	363,824	364,602