Charity number: 1168231
BARNES RUGBY FOOTBALL CLUB
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022
BARNES RUGBY FOOTBALL CLUB
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 5 |
| Independent Examiner's Report | 6 - 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 - 10 |
| Notes to the Financial Statements | 11 - 22 |
BARNES RUGBY FOOTBALL CLUB
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MAY 2022
| Trustees | M Whitfield, Club Chairman |
|---|---|
| D Doonan | |
| AJ Pickering | |
| Charity registered number 1168231 Principal office Queen Elizabeth Walk London SW13 5UA Accountants Randall and Payne LLP Chargrove House Shurdington Road Shurdington Cheltenham Gloucestershire GL51 4GA Bankers HSBC 593-599 Fulham Road London SW6 5UA Solicitors Russell Cooke LLP 2 Putney Hill London SW15 6AB |
Page 1
BARNES RUGBY FOOTBALL CLUB
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MAY 2022
The Trustees, who are also Directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st May 2022.
The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (published October 2019).
Objectives and activities
Background
Barnes Rugby Football Club was formed in the 1980’s as an unincorporated members club. The Club was subsequently recognized as a Community Amateur Sports Club by HMRC. The committee of the club having fully considered the need for the Club’s activities to be conducted through a limited liability entity, registered a Charitable Incorporated Organisation with the Charities Commission on 23rd June 2016. Effective immediately on that date all assets, liabilities and activities of the former club were transferred to the new entity. Effective that date the former unincorporated members club ceased to exist.
This report is therefore the fourth presented by the trustees
Objectives and aims
The charity's objectives are to promote community participation in healthy recreation by the provision of facilities and inclusive environment for all ages and genders for the playing of rugby union football, and also to promote any purpose that is charitable according to the laws of England and Wales.
Activities
Senior Rugby - Coaching and training six senior teams of rugby players, both male and female, and the playing of matches in various leagues, both local and national.
Youth Rugby - Coaching and training of age-related teams of rugby players between the ages of 13 to 18, and the playing of matches in various local leagues.
Mini Rugby - Coaching and training of several age-related teams of rugby players from the ages of 6 to 12, and the playing of mini rugby in local matches and tournaments.
Public benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commissioner’s general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities.
The Trustees are satisfied that the charity meets the required public benefit test through its objectives and activities.
Page 2
BARNES RUGBY FOOTBALL CLUB
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2022
Achievements and performance
Charitable activities
The 2021/22 season saw a return to rugby across the club, with the focus being on the pitch as opposed to off it. We embarked on a campaign to raise £40,000 to facilitate the building of an outdoor activity centre and trim trial around the pitches opposite the club where our Minis and Junior players play every weekend (Barn Elms Sports Trust – “BEST”). We thought we might raise this in one season, but the reality is that there was some charity fatigue within the club which meant it took 18 months to raise the full amount. In the end, we finalised the amount needed at the annual lunch which paved the way to install the equipment in late August 2022.
The facility is for the community of Barnes to use, as the BEST pitches are open to the public. In addition, it is open to all the local schools that use the BEST pitches during the week. It is built out of reclaimed seasoned wood and will last for many years to come.
Financial review
Reserves policy
It is the desired policy of the board to create sufficient reserves to enable the future stability and enhancement of the club and its facilities. The Trustees aim to hold liquid cash funds between £15,000 and £50,000. The club has a limited cost base and feels this reserve adequate. There is often a building of reserves towards the end of the financial year as a result of a large cash generative function in the final quarter of the financial year. During the close season months the reserves deplete to the target level.
A wholly owned trading subsidiary (Barnow Trading Limited) manages the clubhouse operations, where available profits are remitted to the club by charitable donations. The results of the trading subsidiary are disclosed within note 5 of the financial statements.
Principal funding sources
During the year under review the club has principally been funded by membership subscriptions, personal donations and sponsorship from individuals and businesses within the local community in which it operates. The amounts raised matched the levels achieved pre the pandemic.
The club has returned to surplus and has built up previously depleted reserves.
Investment policy and objectives
The Trustees have the power to invest the club’s assets in any way they see fit.
The club’s funds are currently kept in current and deposit accounts, to be readily available at short notice. The minimal interest earned is thus governed by the general interest rates available. The Trustees do not wish to invest the club's funds in any other markets at this time.
Page 3
BARNES RUGBY FOOTBALL CLUB
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2022
Covid-19
The club has been fortunate to emerge from the pandemic in reasonable financial health. The club has very few fixed costs and when the pandemic forced a total shutdown it was able to eliminate the majority of playing and operating costs whilst at the same time maintaining its subscription income with very few members reducing their payments. The financial commitment to coaching was not overly restricted as it was felt that providing high quality coaching when possible was important to the wellbeing of all participants.
Structure, governance and management
Governing document
The charity is a company limited by guarantee, governed by its Memorandum and Articles of Association.
Methods of appointment or election of Trustees
Existing Trustees invite potential new Trustees to join the Board Trustees, having regard to the relevance of their experience to the work of the charity, and the management need of the charity.
Organisational structure
The day to day management of the club has been delegated to the operational committee who meet on a periodic basis, but not less than quarterly. The Operational Committee are overseen by the Board of Trustees, who meet at least once per calendar quarter.
Page 4
BARNES RUGBY FOOTBALL CLUB
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2022
Statement of Trustees' responsibilities
The Trustee are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustee to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustee are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgements and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustee are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustee on 17 December 2022 and signed on their behalf by:
................................................ M Whitfield Chairman
Page 5
BARNES RUGBY FOOTBALL CLUB
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MAY 2022
Independent Examiner's Report to the Trustees of Barnes Rugby Football Club ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 May 2022.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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BARNES RUGBY FOOTBALL CLUB
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2022
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 5 January 2023 Ryan Moore CA
Randall & Payne LLP Shurdington Road Cheltenham Gloucestershire GL51 4GA
Page 7
BARNES RUGBY FOOTBALL CLUB
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2022
| Note Income from: Donations and legacies 4 Charitable activities 6 Total income Expenditure on: Charitable activities 7 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2022 £ 209,551 129,477 339,028 314,913 314,913 24,115 91,169 24,115 115,284 |
Total funds 2022 £ 209,551 129,477 339,028 314,913 314,913 24,115 91,169 24,115 115,284 |
Total funds 2021 £ 39,973 99,133 139,106 185,821 185,821 (46,715) 137,884 (46,715) 91,169 |
|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 11 to 22 form part of these financial statements.
Page 8
BARNES RUGBY FOOTBALL CLUB
BALANCE SHEET AS AT 31 MAY 2022
| Note Fixed assets Tangible assets 11 Investments 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 17 Unrestricted funds 17 Total funds |
39,739 128,923 168,662 (77,167) |
2022 £ 23,788 1 23,789 91,495 115,284 115,284 115,284 - 115,284 115,284 |
5,186 94,601 99,787 (22,347) |
2021 £ 13,728 1 |
|---|---|---|---|---|
| 13,729 77,440 |
||||
| 91,169 | ||||
| 91,169 | ||||
| 91,169 | ||||
| - 91,169 |
||||
| 91,169 |
For the year ending 31 May 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of the accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the Trustees on 17 December 2022 and signed on their behalf by:
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BARNES RUGBY FOOTBALL CLUB
BALANCE SHEET (CONTINUED) AS AT 31 MAY 2022
................................................ A Pickering Trustee
The notes on pages 11 to 22 form part of these financial statements.
Page 10
BARNES RUGBY FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
1. General information
Barnes Rugby Football Club is a charitable company limited by guarantee and is incorporated in England and Wales. The registered office address and principal place of business is Queen Elizabeth Walk, London, SW13 9SA.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Barnes Rugby Football Club meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
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BARNES RUGBY FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
2. Accounting policies (continued)
2.4 Tangible fixed assets and depreciation
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Floodlights
- 33% Straight line
2.5 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.
2.6 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.7 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.8 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
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BARNES RUGBY FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
2. Accounting policies (continued)
2.9 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
All debtor and creditor balances are considered to be basic financial instruments under FRS 102.
2.10 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
3. Critical accounting estimates and areas of judgement
There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Critical accounting estimates and assumptions:
The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.
4. Income from donations and legacies
| Unrestricted funds 2022 £ Donations including gift aid 209,551 Unrestricted funds 2021 £ Donations including gift aid 39,973 |
Total funds 2022 £ 209,551 |
|---|---|
| Total funds 2021 £ 39,973 |
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BARNES RUGBY FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
5. Investments: Subsidiary undertaking
The Charity has a wholly-owned trading subsidiary undertaken, Barnow Trading Limited, a company registered in England and Wales (registered no 10300228). The principal activity of the company is the provision of sports activities. The charity owns the entire issued share capital of 1 ordinary share of £1. A summary of the results of the subsidiary is shown below. The results of the subsidiary are not consolidated in these financial statements as the aggregate income of the group is under £1m.
Barnow Trading Limited
| Profit and loss account Turnover Cost of sales Gross profit Administrative expenses Interest receivable Other operating income Profit before taxation Tax on profit Profit after taxation Balance Sheet Fixed assets Current assets Creditors due within one year Total assets less current liabilities Called up share capital Retained profit and loss account Shareholders’ funds |
2022 2021 384,588 96,486 -110,997 -40,878 |
|---|---|
| 273,591 55,608 -274,976 -56,360 - 1,921 8,246 |
|
| 536 7,494 -360 - |
|
| 176 7,494 |
|
| 8,726 10,085 17,136 15,859 -5,749 -4,684 |
|
| 20,113 21,260 |
|
| 1 1 20,112 21,259 |
|
| 20,113 21,260 |
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BARNES RUGBY FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
6. Income from charitable activities
| Unrestricted funds 2022 £ Players subscriptions 129,475 Bank interest 2 129,477 Unrestricted funds 2021 £ Players subsriptions 99,130 Bank interest 3 99,133 |
Total funds 2022 £ 129,475 2 |
|---|---|
| 129,477 | |
| Total funds 2021 £ 99,130 3 |
|
| 99,133 |
7. Analysis of expenditure on charitable activities Summary by fund type
| Unrestricted funds 2022 £ Direct and support costs 314,913 Unrestricted funds 2021 £ Direct and support costs 185,821 |
Total 2022 £ 314,913 |
|---|---|
| Total 2021 £ 185,821 |
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BARNES RUGBY FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
8. Analysis of expenditure by activities
| Direct costs Direct costs Analysis of direct costs Staff costs Travel and accomodation Pitch hire Coaching Physiotherapy Laundry Depreciation Other direct costs Playing kit and equipment Charity project expenditure Rugby equipment hire Social events Food and consumables |
Activities undertaken directly 2022 £ 303,402 Activities undertaken directly 2021 £ 179,716 |
Support costs 2022 £ 11,511 Support costs 2021 £ 6,105 Direct costs 2022 £ 54,340 22,157 51,816 53,549 26,301 2,909 9,070 35,149 21,208 23,447 429 53 2,974 303,402 |
Total funds 2022 £ 314,913 |
|---|---|---|---|
| Total funds 2021 £ 185,821 |
|||
| Total funds 2022 £ 54,340 22,157 51,816 53,549 26,301 2,909 9,070 35,149 21,208 23,447 429 53 2,974 |
|||
| 303,402 |
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BARNES RUGBY FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
8. Analysis of expenditure by activities (continued)
Analysis of direct costs (continued)
| Staff costs Pitch hire Coaching Physiotherapy Laundry Depreciation Other direct costs Playing kit and equipment Irrecoverable VAT |
Direct costs 2021 £ 27,954 21,749 67,374 4,801 2,520 5,343 19,601 24,774 5,600 179,716 |
Total funds 2021 £ 27,954 21,749 67,374 4,801 2,520 5,343 19,601 24,774 5,600 |
|---|---|---|
| 179,716 |
Analysis of support costs
| Other support costs Accountancy and Independent examination Legal costs Bank charges Software and computer expenses Sundry expenses |
Support costs 2022 £ 1,151 4,519 2,530 2,113 348 850 11,511 |
Total funds 2022 £ 1,151 4,519 2,530 2,113 348 850 |
|---|---|---|
| 11,511 |
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BARNES RUGBY FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
8. Analysis of expenditure by activities (continued)
Analysis of support costs (continued)
| Other support costs Accountancy and Independent examination Bank charges |
Activities 2021 £ 349 4,300 1,456 6,105 |
Total funds 2021 £ 349 4,300 1,456 |
|---|---|---|
| 6,105 |
9. Independent examiner's remuneration
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Fees payable to the Charity's independent examiner for the independent | ||
| examination of the Charity's annual accounts | 2,000 | 2,000 |
10. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2021 - £NIL) .
During the year ended 31 May 2022, expenses totalling £ 7,713 were reimbursed or paid directly to 1 Trustee (2021 - £NIL) for travel costs incurred.
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BARNES RUGBY FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
| 11. Tangible fixed assets Cost or valuation At 1 June 2021 Additions At 31 May 2022 Depreciation At 1 June 2021 Charge for the year At 31 May 2022 Net book value At 31 May 2022 At 31 May 2021 12. Fixed asset investments Cost or valuation At 31 May 2022 Net book value At 31 May 2022 At 31 May 2021 |
Plant and machinery £ 68,650 19,130 |
|---|---|
| 87,780 | |
| 54,922 9,070 |
|
| 63,992 | |
| 23,788 | |
| 13,728 | |
| Trade investments £ |
|
| 1 | |
| 1 | |
| 1 |
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BARNES RUGBY FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
13. Debtors
| Due within one year VAT repayable Prepayments and accrued income Corporation tax repaybale |
2022 £ 1,477 38,161 101 39,739 |
2021 £ 5,186 - - |
|---|---|---|
| 5,186 |
14. Creditors: Amounts falling due within one year
| Trade creditors Amounts owed to group undertakings Other creditors Accruals and deferred income |
2022 £ 33,760 13,891 335 29,181 77,167 |
2021 £ 3,987 10,078 - 8,282 |
|---|---|---|
| 22,347 |
15. Financial instruments
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through income and expenditure | 128,923 | 94,601 |
16. Key Management Personnel & Related Parties
The key management personnel of the Charity comprise the Trustees ("Directors" for the purposes of the Companies Act). Trustees received no remuneration. Trustees expenses incurred during the period totalled £7,713 to 1 Trustee, relating to travel and subsitence (2021: nil).
Christy Pickering, the wife of Andrew Pickering, a Trustees was paid £5,270 in the year (2021:£nil) in her role as Fixture and Administration Secretary.
During the period the Charity received £150,000 in donations from its Trustees (2021:£21,529). No conditions were attached to these donations which required the Charity to alter the nature of any of the existing activities.
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BARNES RUGBY FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
17. Statement of funds
| Statement of funds - current year Unrestricted funds Reserves Statement of funds - prior year Unrestricted funds General Funds Summary of funds Summary of funds - current year General funds Summary of funds - prior year General funds |
Balance at 1 June 2021 £ 91,169 Balance at 1 June 2020 £ 137,884 Balance at 1 June 2021 £ 91,169 Balance at 1 June 2020 £ 137,884 |
Income £ 339,028 Income £ 139,106 Income £ 339,028 Income £ 139,106 |
Expenditure £ (314,913) Expenditure £ (185,821) Expenditure £ (314,913) Expenditure £ (185,821) |
Balance at 31 May 2022 £ 115,284 |
|---|---|---|---|---|
| Balance at 31 May 2021 £ 91,169 |
||||
| Balance at 31 May 2022 £ 115,284 |
||||
| Balance at 31 May 2021 £ 91,169 |
18. Summary of funds
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BARNES RUGBY FOOTBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
19. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2022 £ Tangible fixed assets 23,788 Trade investments 1 Current assets 168,663 Creditors due within one year (77,167) Total 115,285 |
Total funds 2022 £ 23,788 1 168,663 (77,167) 115,285 |
|---|---|
Analysis of net assets between funds - prior year
| Tangible fixed assets Trade investments Current assets Creditors due within one year Total |
Unrestricted funds 2021 £ 13,728 1 99,787 (22,347) 91,169 |
Total funds 2021 £ 13,728 1 99,787 (22,347) 91,169 |
|---|---|---|
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