REGISTERED CHARITY NUMBER: 1171574
REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FOR THE WALLINGFORD SPORTS TRUST
| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Report of the Independent Examiner | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Statement of Cash Flows | 8 |
| Notes to the Financial Statements | 9 to 13 |
THE WALLINGFORD SPORTS TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The Trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charities Act 2011 and 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 (FRS102).
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1171574
Principal address
Wallingford Sports Park Hithercroft Road Wallingford Oxfordshire OX10 9RB
Trustees
Nominated
Ms S Leigh Mr D Marcou (Resigned 1 December 2020) Ms B Guiver Mr D Webber (Resigned 6th March 2021) Mr R Haycock Mr J Denton (Resigned 17[th] September 2020) Mr G Lewis (Resigned 29th September 2020) Mrs L Tamlyn Mr A Aldred (Appointed 29th September 2020) Mr C Norrington (Appointed 1 December 2020) Mr A Pointer (Appointed 11th January 2021) Mr Liam Jones (Appointed 7th March 2021)
Elected
Mr J Pebworth Mr J Atkins Mr N Hughes Mrs N House Mr D Williams Mr S Mount
Independent Examiner
Heather Merryweather ACA
Bank
Barclays Bank plc
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a Charitable Incorporated Organisation (CIO) controlled by its constitution dated 10 February 2017.
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THE WALLINGFORD SPORTS TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
Management
The Trust is managed by the Board of Trustees consisting of representatives from each of the associated clubs (“Nominated Trustee”) plus a minority of elected trustees (“Elected Trustees”) drawn from the wider community. The number of Nominated Trustees must be greater than Elected Trustees at all times. This structure ensures that the priority is to facilitate club activities, but this is balanced by using the facilities for other local community activities. The Board of Trustees met virtually 4 times during the year to 31 March 2021.
The Trustees identified and reviewed all major risks using a formal risk register to ensure all reasonable steps are taken to mitigate the risks identified.
OBJECTIVES AND ACTIVITIES
The objectives of The Wallingford Sports Trust are to enable the sports clubs, who are its component members, to provide sporting and recreation facilities for the inhabitants of the Wallingford and South Oxfordshire area and to encourage the use of the facilities provided by all age groups.
The Trustees confirm that they have referred to the Charity Commission’s general gui dance on public benefit when reviewing Th e Wallingford Sports Trust’s aims, objectives and achievements and in planning future activities.
During the year the sports provided by the associated clubs are Rugby, Petanque, Football, Tennis, Squash, Skittles, Hockey and Archery. Of the 1800 playing members of the clubs, over half are juniors.
The facilities are also used for local community activities such as local groups, clubs and schools hiring the All Weather Pitch (“ AWP ”) and indoor hall. The sports park also normally hosts Bunkfest camping and the Wallingford Car Rally.
The Trust also owns and manages Wallingford Sports and Social Club Ltd (‘WSSC’) through a committee selected by and reporting to the Trustees. Any distributable profits made by WSSC are paid to the Wallingford Sports Trust under the gift aid scheme and are used to improve the sporting facilities provided.
ACHIEVEMENT AND PERFORMANCE
Following the start if the first lockdown and the closure of the Sports Park on 23[rd] March 2020, the focus turned to ensuring the security of the Sports Park facilities, minimising costs and overheads maintaining contact and checking on the welfare of all staff and taking advantage of all available grants. As the country came out of the first lockdown considerable work was done to establish risk assessments and protocols for each of the clubs to operate in accordance with guidelines set out by each of their governing bodies. Separate risk assessments and protocols were put in place for the pavilion covering indoor activities and the bar area.
Unsurprisingly in the context of the Pandemic, there was little opportunity for fund raising and virtually no capital expenditure during the year. The Trust was however successful in obtaining SODC local member grant towards replacing old lights in the pavilion with modern LED fittings.
2
THE WALLINGFORD SPORTS TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
Our ambition continues to be to provide better facilities and, as a result we continue to develop a 5 year “ Site Masterplan ” for the Sports Park to meet the needs of the clubs, their governing bodies and the local community.
Negotiations also continue for the two new junior football pitches which and financial contribution from the Slade End Farm housing site.
FINANCIAL REVIEW
The value of the Tr ust’s funds increased by £ 41,073 during the year to 31 March 2021 as set out in note 13 of the accounts.
The Trust ’s aim is to maintain a level of unrestricted reserves equating to at least 3 months of expenditure. The Trustees consider that this level will provide sufficient funds to meet the Trust’s operational expenditure and to provide contingency against unforeseen expenditure. The balance held as unrestricted funds on 31 March was £349,526 of which £98,629 are regarded as free reserves, after allowing for funds tied up in tangible fixed assets.
The principal objective of the Wallingford Sports and Social Club Ltd (WSSC) is to generate funds to help the Trust provide the facilities for the playing of sport. The charity has now invested £55,980 in its subsidiary and made a loan of £49,500. This loan is secured on the assets of the company (£41,690 as at 31 March 2021). As a result of the outbreak of Coronavirus and the associated closure of the Sports Park during 2020 WSSC’s income was significantly reduced during the financial year. Significant efforts were made to reduce costs and the trading levels have now returned to acceptable levels during 2021. The Trust is therefore confident that Wallingford Sports and Social Club Ltd will be able to repay the loan from its projected profits and that the investment in the trading subsidiary is an appropriate investment of th e Trust’s resou rces.
FUTURE DEVELOPMENTS
The Trust will continue to work to assist the clubs to provide sporting opportunities to the residents of South Oxfordshire, with a particular emphasis on the encouragement of young people to play sport.
STATEMENT OF TRUSTEES RESPONSIBILITIES
The Trustees are responsible for preparing a T rustee’s annual 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 and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements, the Trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the applicable Charities SORP;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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THE WALLINGFORDSPORTS TRUST I I tr.XAJM l NkR'S REPUK I I"0 I HE I l EES OF THE W'ALLIN'GF'ORD SPOR TS TRUST roR THF. YF.AR F.bT)F.D 31 MARCH •021 I reportto the trustees on my examination of the accounts of the Trust forthe year ended 31 March 2021. Respons5blllties and basi5 of reFK>rt As the charity trusteesof the Trust you are responsible forthe preparation of the accounts in accordar¢ce with the requirements of the Charities Act 2011 (The Act'l. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Dirertions given by the Charity Commission undersection 1451Sllbl ofthe Act. Independentexaminerfsststement I have completed my examin3tion. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. 111 Accounting records were not kept in respect of the Tnjst as required by section 130 of the Act; or 121 The accotjnts do not accord with those records,. or 131 The accounts do notcomply with the applicable reqvirement5 concerningthe form and content of account5 setout in the Charities (Accounts and Reports) Regulations 2tM)8 other than any requirernent 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 matters in connection with the examinationto which attention should be drawn in this report in orderto enable a proper understanding of the accounts to be reached. Heathermerryweather ACA Broadlands 13 Preston Crowmarsh Wallingford OXON OXIO 6SL Date.. 2919121
THE WALLINGFORD SPORTS TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021
| Notes INCOME FROM: Donations and grants 2 Charitable activities 3 Other trading activities 4 Investment income 5 TOTAL EXPENDITURE ON: Charitable activities 6 TOTAL NET INCOME/(EXPENDITURE) TRANSFER BETWEEN FUNDS 13 NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Total funds brought forward 13 TOTAL FUNDS CARRIED FORWARD |
2021 Unrestricted Restricted Total Funds Funds Funds £ £ £ 80,938 3,740 84,678 34,277 14,225 48,502 8,105 0 8,105 541 0 541 123,861 17,965 141,826 ` 76,842 23,911 100,753 76,842 23,911 100,753 47,019 (5,946) 41,073 0 0 0 47,019 (5,946) 41,073 302,507 667,891 970,398 349,526 661,945 1,011,471 |
2020 Total Funds £ 69,368 76,613 37,455 865 |
|---|---|---|
| 184,301 156,528 |
||
| 156,528 | ||
| 27,773 0 |
||
| 27,773 | ||
| 942,625 | ||
| 970,398 |
6
| zo2! | 2020 | ||
|---|---|---|---|
| Total | Total | ||
| Funds | Funds | ||
| Notes | € | f | |
| FIXED ASSETS: | |||
| Tangibleassets | 749,468 | 157,6t3 | |
| lnvestments | 9 | 105,480 | |
| TOTALFIXED ASSETS | ___!i1d11 | ____!!!I91 | |
| CURRENTASSETS: | |||
| Debtors | 10 | 20,787 | 14,340 |
| Cashatbankand in hand | 147,442 | 11o,449 | |
| TOTAT CURRENTASSETS | ___168,228 | 124,189 | |
| TIABIUTIES: | |||
| Creditors:Amounts falling duewithinoneyear | 11 | 11,105 | 9,983 |
| NETCURRENTASSETS/{UABTUTTES) | L56,524 | 114,805 | |
| TOTATASSETSLESSCURRENTIIABIIITIES | 7,OLL,477 | 970,398 | |
| Creditors: Amounts falling due afteroneyear | |||
| NETASSETS | L,O1.1.,477 | 970,398 | |
| THE FUNDSOF THECHARITY | |||
| Unrestricted funds | TJ | 349,526 | 302,501 |
| Restrictedfunds | AJ | 661,945 | 661,891 |
| TOTAT CHARITY FUNDS | L,OLL,47l | 970,398 |
THE WALLINGFORD SPORTS TRUST
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2021
| 2021 Total Funds Notes £ CASH FLOWS FROM OPERATING ACTIVITIES: NET CASH PROVIDED BY OPERATING ACTIVITIES 16 65,087 Cash flows from investing activities : (7,500) Purchase of fixed assets (20,594) NET CASH USED IN INVESTING ACTIVITIES (28,094) CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR 36,993 Cash and cash equivalents brought forward 110,449 CASH AND CASH EQUIVALENTS CARRIED FORWARD 147,442 Loan to subsidiary |
2020 Total Funds £ 47,805 0 (40,529) |
|---|---|
| (40,529) 7,276 103,172 |
|
| 110,449 |
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THE WALLINGFORD SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2021
1 ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, the Charities Act 2011 and the requirements of the Statement of Recommended Practice : Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014 (FRS102).
Charitable trading
Charitable trading income represents the total amount received for AWP and pitch hire in respect of sporting and recreational facilities.
Donations
Donations represents amounts received from the associated clubs and from Wallingford Sports and Social Club Ltd, together with any miscellaneous donations received.
Grant Income
Grant Income is recognised at it is received.
Fundraising events
Fundraising events represents amounts received from events organised by the Trust to raise funds for charitable purposes.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life
| Leasehold Buildings | Straight line | 2% |
|---|---|---|
| All Weather Pitch | Straight line | 10% |
| Plant and Machinery | Straight line | 10% |
| Computer Equipment | Straight line | 33% |
| Fixtures and fittings | Straight line | 10% |
| Multi-Sport | Straight line | 10% |
| Squash roof | Straight line | 5% |
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Designated funds are those which the Trustees have set aside out of unrestricted general funds for specific future purposes or projects.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when the funds are raised for a specific restricted purpose.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the statement of financial activities on a straight line basis over the period of the lease.
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2 DONATIONS AND GRANTS
| Donations: AWP replacement Multi Sport Project Miscellaneous Grants : WREN SODC Sport England CJRS 3 INCOME FROM CHARITABLE ACTIVITIES Club Contributions Promotion of sport and recreation AWP Bookings Promotion of sport and recreation 4 OTHER TRADING ACTIVITIES Car parking Camping Income for supply of services to subsidiary Gift aided profits from subsidiary |
2021 £ 0 0 11,680 0 44,797 5,000 23,201 84,678 2021 £ 30,019 18,483 48,502 2021 £ 0 0 8,105 0 8,105 |
2020 £ 18,750 14,375 2,948 0 32,702 0 593 |
|---|---|---|
| 69,368 | ||
| 2020 £ 21,642 54,970 |
||
| 76,613 | ||
| 2020 £ 6,450 8,858 20,962 1,184 |
||
| 37,455 |
The wholly owned trading subsidiary Wallingford Sports and Social Club Ltd ( company no. 10654339) pays all of its profits to the charity under the gift aid scheme. Wallingford Sports and Social Club Ltd has been formed for the purpose of running the bar and function rooms at the Sports Park.
5 INVESTMENT INCOME
| 5 INVESTMENT INCOME |
||
|---|---|---|
| Interest 6 CHARITABLE ACTIVITIES COSTS Wages & Salaries Repairs & maintenance Utilities Insurance Depreciation Rent Other Total |
2021 £ 541 2021 Charitable Support Total Activities Costs £ £ £ 37,400 6,110 43,511 4,410 4,410 6,303 6,303 13,439 13,439 28,739 28,739 1,575 1,575 2,775 2,775 94,642 6,110 100,753 |
2020 £ 865 |
| 2020 Total £ 50,805 39,291 8,327 11,720 31,005 1,575 13,805 |
||
| 156,528 |
7 EMPLOYEE & TRUSTEE REMUNERATION
| Wages and Salaries Social Security Costs Pension Costs |
2021 £ 40,561 706 2,244 43,511 |
2020 £ 46,419 2,142 2,244 |
|---|---|---|
| 50,805 |
No employees had emoluments in excess of £60,000.
The average number of full-time equivalent employees during the year was 1.5. (2020:1.5)
Pension contributions to a pension scheme of £ 2,244 (2020: £2,244) was made in respect of 1.5 employees.
Trustees' remuneration, benefits and expenses
There were no Trustees' remuneration or other benefits or expenses paid for the year ended 31 March 2021 ( 2020: NIL) .
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8 TANGIBLE FIXED ASSETS
| Leasehold All Weather Plant and Fixtures and Computer Kitchen Multi- Sport Squash Roof Totals buildings Pitch machinery Fittings equipment refurbishment £ £ £ £ £ £ £ £ £ COST Bfwd on 1st April 2020 803,183 192,000 7,451 5,041 1,075 30,572 54,702 39,284 1,133,308 Additions 0 0 6,369 0 0 0 14,225 0 20,594 Disposals 0 0 0 0 0 0 0 0 0 At 31st March 2021 803,183 192,000 13,820 5,041 1,075 30,572 68,927 39,284 1,153,902 DEPRECIATION Bfwd on 1st April 2020 152,229 192,000 6,330 5,041 1,075 6,114 10,940 1,964 375,694 Charge for year 16,064 0 761 0 0 3,057 6,893 1,964 28,739 Eliminated on disposal 0 0 0 0 0 0 0 0 0 At 31st March 2021 168,293 192,000 7,092 5,041 1,075 9,172 17,833 3,928 404,434 NET BOOK VALUE At 31st March 2021 634,891 0 6,728 0 0 21,401 51,094 35,355 749,468 2021 2020 ESTMENT £ £ Investment in Wallingford Sports and Social Club Ltd 55,980 55,980 Loan to subsidiary company 49,500 42,000 105,480 97,980 |
Leasehold All Weather Plant and Fixtures and Computer Kitchen Multi- Sport Squash Roof Totals buildings Pitch machinery Fittings equipment refurbishment £ £ £ £ £ £ £ £ £ 803,183 192,000 7,451 5,041 1,075 30,572 54,702 39,284 1,133,308 0 0 6,369 0 0 0 14,225 0 20,594 0 0 0 0 0 0 0 0 0 |
Leasehold All Weather Plant and Fixtures and Computer Kitchen Multi- Sport Squash Roof Totals buildings Pitch machinery Fittings equipment refurbishment £ £ £ £ £ £ £ £ £ 803,183 192,000 7,451 5,041 1,075 30,572 54,702 39,284 1,133,308 0 0 6,369 0 0 0 14,225 0 20,594 0 0 0 0 0 0 0 0 0 |
Leasehold All Weather Plant and Fixtures and Computer Kitchen Multi- Sport Squash Roof Totals buildings Pitch machinery Fittings equipment refurbishment £ £ £ £ £ £ £ £ £ 803,183 192,000 7,451 5,041 1,075 30,572 54,702 39,284 1,133,308 0 0 6,369 0 0 0 14,225 0 20,594 0 0 0 0 0 0 0 0 0 |
|---|---|---|---|
| 803,183 192,000 13,820 5,041 1,075 30,572 68,927 39,284 1,153,902 |
|||
| 152,229 192,000 6,330 5,041 1,075 6,114 10,940 1,964 375,694 16,064 0 761 0 0 3,057 6,893 1,964 28,739 0 0 0 0 0 0 0 0 0 |
|||
| 168,293 192,000 7,092 5,041 1,075 9,172 17,833 3,928 404,434 |
|||
| 634,891 0 6,728 0 0 |
21,401 51,094 35,355 749,468 |
||
| 2021 £ 55,980 49,500 105,480 |
2020 £ 55,980 42,000 |
||
| 97,980 |
9 INVESTMENT
The loan to Wallingford Sports and Social Club Ltd is secured by a fixed and floating charge over the company's assets.
10 DEBTORS
| Due within one year Trade debtors Prepayments Amounts owed from subsidiary undertakings Accrued income VAT 11 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Accruals Deferred income Other creditors 12 OPERATING LEASES The total minimum lease payments under non-cancellable leases for the following periods Not later than one year Later than one year but not later than five years Later than five years |
2021 £ 1,222 7,361 7,063 1,050 4,090 20,787 2021 £ 222 1,327 2,500 7,656 11,705 2021 £ 1,550 7,750 35,650 44,950 |
2020 £ 4,765 6,078 2,903 593 0 |
|---|---|---|
| 14,340 | ||
| 2020 £ 222 1,497 0 8,264 |
||
| 9,983 | ||
| 2020 £ 1,550 7,750 37,200 |
||
| 46,500 |
On 28 November 2007, the lease for the land from which the Trust operates the sports park was signed by the Trustees and South Oxfordshire District Council. The renewed lease terms were effective from 1 June 2007 for a period of 30 years. The market rate set was discounted by 90% for the first 7 years and was extended by a further 7 years on 1st June 2014. On 13th May 2015 the lease was extended by 12 years to mature on 31st May 2049.
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13 MOVEMENT IN FUNDS
| Unrestricted funds General fund Junior Sports Reserve Restricted funds Leasehold Premises AWP Changing Rooms Kitchen refurbishment Squash Multi Sport Security & disabled access Lights TOTAL FUNDS |
Opening Net Movt in Funds £ £ 302,507 47,019 0 0 302,507 47,019 126,263 (3,600) 68,698 0 368,489 (8,396) 22,660 (3,057) 38,036 (1,964) 42,497 7,332 1,249 0 3,740 667,891 (5,946) 970,398 41,073 |
Fund Transfers At 31.03.21 £ £ 0 349,526 0 |
|---|---|---|
| 0 349,526 122,662 68,698 360,093 19,602 36,072 49,829 1,249 3,740 |
||
| 0 661,945 |
||
| 0 1,011,471 |
Net movement in funds, included in above are as follows:
| Unrestricted funds General fund Restricted funds Leasehold Premises AWP Changing Rooms Kitchen refurbishment Squash Multi Sport Security & disabled access Lights |
Incoming resources £ 123,861 0 0 0 0 0 14,225 0 3,740 141,826 |
Resources expended £ 76,842 3,600 0 8,396 3,057 1,964 6,893 0 0 100,753 |
Movement in funds £ 47,019 (3,600) 0 (8,396) (3,057) (1,964) 7,332 0 3,740 |
|---|---|---|---|
| 41,073 |
Purposes of restricted funds
Leasehold Premises - This fund primarily relates to an extension built onto The Pavilion in the year ended 31 March 2002 by Linden Homes for the ABM Skittles Club but also includes subsequent improvements which have been funded by grants.
ABM Skittles Club extension - As part of Section106 Planning Order, Linden Homes were obliged to provide the ABM Skittles Club with a new bowling alley in exchange for the previous club house which was demolished as part of a residential building project. Wallingford Sports Trust volunteered this on their land. The fund will reduce each year as depreciation is charged against the building.
AWP Pitch Replacement - This fund relates to recent donations and associated gift aid for the future replacement of the all weather pitch surface.
Changing rooms - This fund relates to grants received from SODC, WREN, Sport England and the RFU for the replacement of the changing rooms. The fund will reduce each year as depreciation is charged against the building.
Kitchen refurbishment - Relates to funds received from WREN to refurbish the kitchen to improve the facilities. The fund will reduce as depreciation is charged against the facilities.
Squash - The Squash funding comes from a Section 106 agreement for a housing development on the old Habitat site at Moreton Avenue, Hithercroft Industrial Estate, which was designated for improving indoor sports facilities serving the (housing) site. It funded two new roofs and refurbished showers to the squash courts. The fund will reduce as depreciation is charged against the facilities.
Multi Sport - The multisport project was a grouping of 3 individual projects covering a new car park for 50 cars on the Jubilee Field, the upgrading of the existing main football pitch lights to Hellenic League standard plus installation of separate training lights and the installation of a new tennis pavilion to replace the old one damaged in the 2014 floods. It was funded 50% by an SODC Community Grant with the remainder coming from a Football Foundation grant, the Tennis Club itself and other smaller donations.
Security and disabled access - A fund created from grants received from SODC to improve personal security and disabled access to the pavilion.
Lights - This fund relates to funds received from a Local Member SODC grant towards replacing the old lights in the pavilion with modern energy efficient LED
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14 ANALYSIS OF NET ASSETS BETWEEN FUNDS
| Fixed Assets Current Assets Creditors: Due within one year |
Unrestricted Restricted Total £ £ £ 250,897 604,051 854,947 110,334 57,894 168,228 (11,705) (11,705) |
|---|---|
| 349,526 661,945 1,011,471 |
15 RELATED PARTY DISCLOSURES
The charity was controlled throughout the current by the Trustees collectively.
As at 31st March 2020 no monies were owed by the associate clubs (2019:Nil).
16 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Adjustments for : Depreciation charges (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash provided by operating activities Net income/(expenditure) for the year |
2021 Total Funds £ 41,073 28,739 (6,447) 1,721 65,087 |
2020 Total Funds £ 27,773 31,005 2,494 (13,467) |
|---|---|---|
| 47,805 |
17 CAPITAL COMMITMENTS
The charity had no capital commitments as at 31 March 2021 ( 2020:£NIL)
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