| Statement ofFinancial | Ac | tivities | forthe | year endi | ng 31 March 20 | 23 | |||
|---|---|---|---|---|---|---|---|---|---|
| Year ending | |||||||||
| 31 March | |||||||||
| Year | endin | 31 March 2023 | 2022 | ||||||
| Unrestricted | Restricted | Total | Total | ||||||
| Notes | Funds | Funds | Funds | Funds | |||||
| a | a | a | |||||||
| Income: | (note 17) | ||||||||
| Donations and legacies |
53,234 | 49,714 | 102,948 | 94,903 | |||||
| Income from charitable | activities: | 462,761 | 462,761 | 452,906 | |||||
| Income from other trading | activities: | 65,989 | 65,989 | 59,244 | |||||
| Investment income |
44,148 | 44,148 | 37,338 | ||||||
| Other income | 32,455 | ||||||||
| Total Income | 626,132 | 49,714 | 675,846 | 676,846 | |||||
| Expenditure | |||||||||
| Expenditure on charitable |
activities: | 458,458 | 5,345 | 463,803 | 630,895 | ||||
| Expenditure on trading |
activities: | 35,206 | 35,206 | 34,091 | |||||
| Total Expenditure | 493,664 | 5,345 | 499,009 | 664,986 | |||||
| Net Income/(expenditure) | 132,468 | 44,369 | 176,837 | 11,860 | |||||
| Other unrealised gains'. |
|||||||||
| Gains and losses on revaluation | offixed | ||||||||
| assets forthe charity's | own use | 1,210 | 1,210 | 5,105 | |||||
| Net movement in funds |
forthe period | 132,468 | 45,579 | 178,047 | 16,965 | ||||
| Reconciliation offunds |
|||||||||
| Total funds bought forward | 835,151 | 290,215 | 1,125,366 | 1,108,401 | |||||
| Total funds carried forward | 967,619 | 335,794 | 1,303,413 | 1,125,366 |
| Balance Sheet as at 31 March 2023 | |||
|---|---|---|---|
| 31 March 2023 | 31 March 2022 | ||
| Notes | a | R | |
| Fixed assets | |||
| Tangible assets | 18 | 291,385 | 295,710 |
| Investments | 19 | 27,480 | 26,270 |
| Total Fixed Assets | 318,865 | 321,980 | |
| Current assets | |||
| Stock | 20 | 2,757 | 2,967 |
| Debtors | 21 | 17,641 | 8,838 |
| Cash at bank and in hand | 1 172.555 | 1,015,148 | |
| Total Current Assets | 1,192,954 | 1,026,953 | |
| Liabilities | |||
| Creditors falling due within one year | 22 | (208,406) | (223,567) |
| Net Currant assets | 984,548 | 803,386 | |
| Net assets | 1,303,413 | 1,125,366 | |
| The funds ofthe charity | 23 | ||
| Unrestricted income funds |
967,619 | 835,151 | |
| Restricted income funds |
335,794 | 290,215 | |
| Total charity funds | 1,303,413 | 1,125,366 |
| Year ending | Year ending | |||||||
|---|---|---|---|---|---|---|---|---|
| 31 March | 31 March | |||||||
| 2023 | 2022 | |||||||
| Notes | ||||||||
| Cash used in operating | activities | 25 | 113,260 | 5,714 | ||||
| Cash flows from investing | activities | |||||||
| Investment income |
44,148 | 37,338 | ||||||
| Increase in cash and cash and cash equivalents |
in the | year | 157,408 | 43,052 | ||||
| Cash and cash and cash | equivalents | at the beginning | ofthe year | 1,015,148 | 972,096 | |||
| Total cash &cash equivalents | at the end ofthe | year | 1,172,556 | 1,015,148 |
| nalysis ofexpendi | ture | o | n charita | ble activities | |||||
|---|---|---|---|---|---|---|---|---|---|
| Promotion of |
|||||||||
| Provision of | sporting | Year ended | |||||||
| facilities | activites | 31 March 2023 | |||||||
| Ground Maintenance | 178,245 | 178,245 | |||||||
| Hire ofexternal pitches | 28,844 | 28,844 | |||||||
| Affiliation fees and | coaching costs | 131,513 | 131,513 | ||||||
| Sports equipment | 14,636 | 14,636 | |||||||
| Facilities running costs |
48,599 | 48,599 | |||||||
| Facilities management | and sports | promotion | 18,106 | 4,526 | 22,632 | ||||
| Facilities improvements | 8,281 | 8,281 | |||||||
| Legal Fees | |||||||||
| Depreciation | 4,325 | 4,325 | |||||||
| Insurance | 4,925 | 1,200 | 6,125 | ||||||
| Bank charges | 14 | 14 | |||||||
| Governance costs |
(see | note 10) | 2,904 | 2,904 | |||||
| Support costs (see note | 10) | 8,202 | 9483 | 17685 | |||||
| Total | 302,445 | 161,358 | 463,803 | ||||||
| Promotion of |
|||||||||
| Provision of | sporting | Yearended | |||||||
| fadlities f |
activites f |
31 March 2022 f |
|||||||
| Ground Maintenance |
141,221 | 141,221 | |||||||
| Hire of external pitches |
35,901 | 35,901 | |||||||
| Affiliation fees and | coaching costs | 114,887 | 114,887 | ||||||
| Sports equipment | 20,258 | 20,258 | |||||||
| Facilities running costs |
41,562 | 41,562 | |||||||
| Facilities management | and sports | promotion | 29,505 | 7,376 | 36,881 | ||||
| Facilities improvements | 200,099 | 200,099 | |||||||
| Legal Fees | 1,733 | 1,733 | |||||||
| Depreciation | 5,360 | 5,360 | |||||||
| Insurance | 4,299 | 1,026 | 5,325 | ||||||
| Bank charges | 170 | 170 | |||||||
| Governance costs |
(see | note 10) | 2,035 | 2,035 | |||||
| Support costs (see note | 10) | 11813 | 13650 | 25463 | |||||
| Total | 473,698 | 157,197 | 630,895 | ||||||
| the year ended 31 27,295) |
March | 2023f458,458 of expenditure | on charitable | activities was unrestricted | (year ended 31 | March 2022: | |||
| ummary analysis ofexpenditure |
and related income | for charitable | activities | ||||||
| he table below shows the | cost ofthe two main charitable | activities ofthe Company | and the sources ofthe income | directly to support | |||||
| ose activities | |||||||||
| Promotion of |
|||||||||
| Provision of | sporting | Year ended | |||||||
| facilities | activites | 31 March 2023 | |||||||
| Costs | (302,445) | (161,358) | (463,803) | ||||||
| Membership subscription |
income | 310,395 | 310,395 | ||||||
| Playing fees | 108,990 | 108,990 | |||||||
| Income from the hIre of | sports facilities | 40876 | 40 876 | ||||||
| 48,826 | (52,368) | (3,542) | |||||||
| Direct grant support | 2500 | 2500 | |||||||
| Net surplus/(cost | funded | from other income) after direct grant support | 48,826 | 49,868) | (1,042) | ||||
| Promotion of |
|||||||||
| Provision of | sporting | Year ended | |||||||
| facilities f |
activites f |
31 March 2022 f |
|||||||
| Costs | (473,698) | (157,197) | (630,895) | ||||||
| Membership subscription |
income | 310,446 | 310,446 | ||||||
| Playing fees | 103,731 | 103,731 | |||||||
| Income from the hire of | sports facilities | 32641 | 32641 | ||||||
| (130,611) | (53,466) | (184,077) | |||||||
| Direct grant support | 1,950 | 4,138 | 6088 | ||||||
| Net cost funded from other income | (128,661) | (49,328) | (177,S89) |
| The Company | initially identifies | initially identifies | the costs ofits | support functions | and then identifies | and then identifies | those costs that relate to its governance | those costs that relate to its governance | those costs that relate to its governance | function. | function. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The costs are | then apportioned | between the two key charitable | activities undertaken | in the year (See note 8).The | table below | and | ||||||
| shows the basis for apportionment and sets out the support and |
governance | costs | ||||||||||
| General | Governance | Ysarended | ||||||||||
| Basis of | apportionment | support E |
function | 31 March 2023 f |
||||||||
| Salaries, wages and related costs | Allocated on time Governance |
5,658 | 5,658 | |||||||||
| General office costs | Invoiced | spend | 12,027 | 12,027 | ||||||||
| Accountancy | services | 2,904 | 2904 | |||||||||
| Total | 17,685 | 2,904 | 20,589 | |||||||||
| General | Governance | Year ended | ||||||||||
| suppoit | function | 31 March 2022 | ||||||||||
| Salaries, wages and related costs | Allocated on time Governance |
9,220 | 9,220 | |||||||||
| General office costs | Invoiced | spend | 16,243 | 16,243 | ||||||||
| Accountancy | services | 2035 | 2035 | |||||||||
| Total | 25,463 | 2,035 | 27,498 | |||||||||
| Year ended 31 | Year ended 31 | |||||||||||
| March 2023 | March | 2022 | ||||||||||
| 11 | Other expenditure | |||||||||||
| Barcosts | 35206 | 34 091 | ||||||||||
| 12 | Net income/(expenditure) | for the year | ||||||||||
| This isstated | after charging | |||||||||||
| Depreciation | 4,325 | 5,360 | ||||||||||
| Bank charges | 14 | 170 | ||||||||||
| Accountancy | services | 2 904 | 2,035 | |||||||||
| 13 | Analysis ofstaff costs, trustee remuneration | and expenses and the cost | ofkey | |||||||||
| management | personnel | |||||||||||
| Salaries and | wages | 27,924 | 45,295 | |||||||||
| Pension costs | 366 | 806 | ||||||||||
| 26.290 | 46 101 |
| Year ended 31 | Year ended 31 | |||||||
|---|---|---|---|---|---|---|---|---|
| March 2023 | March 2022 | |||||||
| 14 | Staff numbers | F | ||||||
| Ths average monthly |
head count was 2 staff and the average | number | offull-time | equivalent | ||||
| employees (including |
casual and part-time | staff) during the year were | as follows | |||||
| Provision offacilities |
1.2 | 1.2 | ||||||
| Governance | 0.2 | 0.2 | ||||||
| 1,4 | 1.4 |
| 17 | Financial activities for the | Financial activities for the | year ending | year ending | year ending | 31 March 2022 | Unrestricted | Restricted | Restricted | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Total | ||||||||||
| Income: | ||||||||||||
| Donations and legacies | 54,499 | 40,404 | 94,903 | |||||||||
| Income from charitable | activities: | 452,906 | 452,906 | |||||||||
| Income from other trading | activities: | 59,244 | 59,244 | |||||||||
| Investment income |
37,338 | 37,338 | ||||||||||
| Other income | 32,455 | 32455 | ||||||||||
| Total Income | 636,442 | 40,404 | 676,846 | |||||||||
| Expenditure | ||||||||||||
| Expenditure on charitable |
activities: | 627,295 | 3,600 | 630,895 | ||||||||
| Expenditure on trading activities: |
34 091 | 34 091 | ||||||||||
| Total Expenditure | 661,386 | 3,600 | 664,986 | |||||||||
| Net income/(expenditure) | (24,944) | 36,804 | 11,860 | |||||||||
| Other unrealised gains: |
||||||||||||
| Gains and losses on revaluation | of | fixed assets forthe charity's | own use | 5105 | 5 105 | |||||||
| Net movement in funds for |
the period and total funds carried forward | (24,944) | 41,909 | 16,965 | ||||||||
| Reconciliation offunds |
||||||||||||
| Total funds bought forward | 860,095 | 248 306 | 1 | 108401 | ||||||||
| 835,151 | 290,215 | 1 | 125366 | |||||||||
| 18 | Tangible fixed assets | Plant | & | |||||||||
| Lease | Machinery | Total | ||||||||||
| F | F | |||||||||||
| Cost | ||||||||||||
| As at 1 April 2022 | 299,940 | 13,050 | 312,990 | |||||||||
| Writs off of fully depreciated | assets | 2,330 | 2,330 | |||||||||
| As at 31 March 2023 | 299940 | 10720 | 310660 | |||||||||
| Depreciation | ||||||||||||
| As at 1 April 2022 | 7,800 | 9,480 | 17,280 | |||||||||
| Charge forthe year ended | 31 March 2023 | 2,400 | 1,925 | 4,325 | ||||||||
| Write offoffully depreciated | assets | 2330 | 2,330 | |||||||||
| As at 31 March 2023 | 10200 | 9075 | 19275 | |||||||||
| Net book value | ||||||||||||
| As at 31 March 2023 | 289740 | 1 645 | 291 385 | |||||||||
| As at 31 March 2022 | 292,140 | 3570 | 295710 | |||||||||
| 31 March | 2023 | 31 March 2022 | ||||||||||
| 19 | Investments | f. | ||||||||||
| Opening balance |
26,270 | 21,165 | ||||||||||
| Revaluation to market value |
1,210 | 5,105 | ||||||||||
| Closing balance | 27,480 | 26,270 | ||||||||||
| The charity received past donations | of 5,000 Ordinary Shares of |
US$0.50each in HSBC Holdings | pic, towards the OSL Pavilion. The | |||||||||
| shares, which are held in the | OSL Pavilion | sinking fund, were valued atL5.496p at 31 March 2023 | (31 March 2022:L5.25p). | |||||||||
| 31 March | 2023 | 31 March 2022 | ||||||||||
| F | ||||||||||||
| 20 | Stock | |||||||||||
| BarStock | 2,757 | 2 967 |
| General | General | Designated | Restricted | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| fund | funds | funds | 31 March 2023 | |||||||
| F | ||||||||||
| Tangible fixed | assets | 1,645 | 289,740 | 291,385 | ||||||
| Investments | 27,480 | 27,480 | ||||||||
| Cash at bank and | in hand | 254,388 | 609,854 | 308,314 | 1,172,556 | |||||
| Other net current assets/(liabilities) | 188008 | 188008 | ||||||||
| 68,025 | 899,594 | 335794 | 1,303,413 | |||||||
| General | Designated | Restricted | ||||||||
| fund | funds | funds | 31 March 2022 | |||||||
| 8 | f. | |||||||||
| Tangible fixed | assets | 3,570 | 292,140 | 295,710 | ||||||
| Investments | 26,270 | 26,270 | ||||||||
| Cash at bank and | In hand | 265,290 | 485,913 | 263,945 | 1,015,148 | |||||
| Other net current assets/(liabilities) | 211 | 762 | 211762 | |||||||
| 57 | 098 | 778053 | 290215 | 1 125366 | ||||||
| Reconciliation | of | net | movement | in funds | to net cash flow from operating | activities | ||||
| Year ended 31 | Year ended 31 | |||||||||
| March 2023 | March 2022 | |||||||||
| Net movement | in funds | 178,047 | 16,965 | |||||||
| Add back depreciation | charge | 4,325 | 5,360 | |||||||
| Less revaluation | of investments | (1,210) | (5,105) | |||||||
| Deduct interest | income | shown | in | investing | activities | (44,148) | (37,338) | |||
| Decrease/(increase) (Increase)/decrease (Decrease)/increase |
in in in |
stock debtors creditors falling due |
within one year | 210 (8,803) ~15161 |
(1,917) 5,890 21,859 |
|||||
| Net cash used | in | operating | activities | 113,260 | 5,714 |