Company registration number.. 10662971
Chanty registration number.. 1175947
Grimsby Ice Rink
IA Company limrted by guarantee)
Annual Report and Finanual Statements
for the Year Ended 31 August 2020
Forrester Boyd
26 South Saint Mary's Gale
Grimsby
North East Lincolnshire
DN31 1LW
*AABS*146G*
27108r2021
COMPANIES HOUSE
A14

Grimsby Ice Rink
Contsnts
Reference and Administrative Detsils
Trustees, Report
2to4
ststemenl of Trustees, Responsibi1rt￿S
Independent Examinerfs Report
Statement of Financial Ath"vtties
7t08
Balance Sheet
Notes lo the Financial Ststements
10t021

Grimsby Ice Rink
Reference and Administrative Detsils
Trustees
C Alan
J Routh
R Newbom
Prlnclpal Offtce
Rear of Grim5by Leisure Centre
Cromwell Road
Grimsby
North East Lincolnshire
DN31 2BH
Reglstered OffSce
26 South Saint Mary's Gate
Grim$by
North East kn"ncolnshire
DN31 1LW
The charity is incorporated in United Kingdom.
Company Re9iStration Number 10662971
Charity Registratton Number
1175947
Independent Examiner
Forrester Boyd
26 South Saint Mary's Gate
Grimsby
North East Lincolnshire
DN31 1LW
Page 1

Grimsby Ice Rink
Trustees. Report
The tTUStees, who are directors for the purposes of company law, present the annual report togelher
with the financial slalemenls of the charilable company for the year ended 31 Augijst 2020.
Objectives and activities
Objects and aims
Grimsby Ice Rink is Committed to contsnuing the proviS￿n of ￿ sports for North East Lincolnshire and
the surfounding areas. This includes the continuation of Ice Hockey training and matches, figure
skating training and recreats'onal skatsng.
Our aims..
' To rnake ice sports accessible for all
' To increase the number of people enjoying te sports
To promote a healthier lrfestyle by the inclus￿n of people in i¢e sports
To promote the fa¢ility for North East Lin￿1n$h1re and the wider area
' To expand the ice skating communty
FundroiTsing disclosures
Grim5by I￿ Rink has apwoached fundraising in a number of ways these include".
Sale of dasher boards as adverb.sing lo Ictal businesses. This was promoted by emailing local
trmjsinesses and promoting on social media.
Free Ice hockey experience sessions
Reduced price themed discos
Stsff do not ask for donations, but a donations pol is on the desk if people wouhj like lo donate.
Publlc benefit
Grimsby Ice Rink has also enabled more schools and comm4Jnity groups to hire the facility or come lo
public sessions for a reduced fee. This has led to a number of bookings.
Promobons have been offered during the year incfuding the followirKJ'.
Free skate aids during certain holiday per￿S
Free lee skate hire leaflets
Free adult wrth each Child on the lots session
Social media giveaways of a free family skale
. Gifts to schools and local companies of a free famity pass to giveaway
The trustees confirm that they have complied with the require￿Ents of section 17 of the Charities Act
2011 to have due regard to the public benefit guKJance published by the Charity Commission for
England and Wales.
Due to ¢ovid, the I￿ rink has been shLrt for most of the year. and has had lo run sessi)ns on limited
numbers. and Iherefore rrts)st the sessions have been reduced or removed to comply with govemmenl
and irE rink regulab"ons.
Page 2

Grimsby Ice Rink
Trustee¥. R•port
Achlevements and perfomiance
Grimsby Ice Rink has joined IRMA Ilce Rink Managers As%)ciatr"onl whth acts as a support ne￿Ork
of nnks across the county. This has allowed our staff to visil other rinks for training and we have also
benefited from another manger within the associatKM visits.ng us for a day lo revw how we operate
and suggest improvements.
We were also chosen by Bntish Ice skab.ng (regutatory t*)dyl lo be used to trail new courses.
We have also beneffted from nathy)al publi¢ty as Inrs Dancing on l¢e used the rink as a training
facility.
Grimsby Ice Rink has approached fundraising in a number of ways these include".
Sale of dasher boards as adverb'sing to ￿ businesses. Thi% was prOn￿ted by emailing local
businesses and pronKSting on social media.
. Free Ice hockey experien￿ sess¢ons
Bringing in Ex NHL hockey skater to run a half term hockey sth¢)ol, also Dancing on Ice star to do a
skate Camp.
. Reduced price themed discos
Father Christmas on his slewjh meets durirvj one of our Chrislmas sessions.
. Stsff do not ask for dOnat￿n$. but a donations pot is on the desk rf peopk would like to donate.
Financial review
During the year, the charity has generated a net deficit of £33,883 which is wholty made up of
unreslncted funds, and is covered by the reserves brought fopward. The balance in the reserves can
be.used for any of the chanty's charitabk purposes.
Pollcy on reserves
Reserves currently stand at £12.070 made up of wholly unrestitted funds. The charity aims to build
reserves to cover at least 3 month's of fixed costs.
Going eoncem
The charity has been impacted by Covid-19 due to the dosure of the rink in March. At the time of
closure. we had already closed for maintenance due to an issue on the I￿ pad. Al the lime of sign off
we still do not have a date for opening.
Ouring this period, we have lost approximatety 40% of our revenue. We have treen able lo reduce our
overheads. lo lessen the impact of CovKI-19 by". fudoughing 7 out of 9 members of staff, switched off
the plant to reduce eleclricrty charges Iwhth is one of our largest expenses}, we have obtained the
£10k small business grant. and we have also obtainett a £50k bounce back loan to enable us to
update the facility for when we open. wh￿tt will help us increase our revenue. We also look a
payment holiday on the Ice resurfacer for 3 months and the government have provided additional
financial support during Spring and suMff￿r 2020 to help fijnd some of the charity's overhead costs.
We are currently looking al further grants which we can uts.lise to support the charity.
Page 3

Grimsby Ice Rink
Trustees. Report
Structure, governance and management
Nature of governing document
Grimsby Ice Rink is an independent not for Pfofft Charitab￿ company limited by guarantee, sel up to .
deliver an Ice Sports facilty in and around North East Lincolnshire. The liability in respecl of the
guarantee is limited to £10 per member of the Charitable company.
In Novernber 2017 the company received Charrtab￿ stalus. and adopted a new Articth of
Association.
Recruitment and appointment of trusfe•s
The charitsble company has recruited the trustees from the Grirn5by Ice Rink Cofflmunity Group,
which is a group that consists of skaters. pa￿nts and coaches. This was formed to save the Ice Rink
from closure by the Council and prepared a community asset transfer lo take over the running of the
faolity.
The existing trustees have a range of backgrounds and skills that reflect the Charitsble company s
operations and wider obiectwes. Any further recruitment of trustees will lollow a process of application
and interview, and subiect Ihe final proposal al the approprk3te t*)ard meeting. a vote is undertaken
and the appoinlmenl duty reported.
The annual report was approved by the trustees of the charity on 26 August 2021 and signed on ils
behalf by:
J Roulh
Trustee
Page 4

Grimsby Ice Rink
Statement of Trustees. Respon$lbS11ti•s
The Iruslees (who are also the directors of Grimsby I￿ Rink for the purposes of company lawl are
responsible for Pfeparing the trustees. report and the financial ststemenls in accordance with the
United Kingdom A¢¢ounting Stan¢Jards (Unrted Kingdom Generalty Accepted A¢¢ounting Pracli¢el
and applicable law and regulab"ons.
Company law requires the tnjstees to prepare financial statements for each financial year. Under
company law the trustees musl not approve the financAI statements unless they. are satisfied that
they give a true and fair view of the slate of affairs of the chantable company and of its incoming
resources and applicalion of resources, including its income and expenditure, for that period. In
preparing these financial slatemenls, the trustees are required to".
select suitsble accountsng pOl￿￿S and apkly Ihem consistently.
obseNe the methods and prInc[p￿ in Charities SORP,.
make judgements and estimales that are reasonab￿ and prudent..
stste whether applicable UK Accounting Standards have been followed. subject to any material
departures disclosed and explained in the financial stste￿nI$., and
prepare the financial stalemenls on the going concem basis unless il is inappropriate to presume
that the charitable company will conb.nue in business_
The tnjstees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charitable company's transactions and disdose with reasonable accuracy at any time the
financial position of the charitsble company and enable them to ensure Ihal the financial statements
comply with the Companies Act 20(￿. They afe also responsible for safeguarding the assets of the
¢harilable company and hence for taking ￿¥sonab￿ steps for the prevention and detection of fraud
and other irregularities.
Approved by the trustees of the ¢harty on 26 August 2021 and s￿ned on rts behalf by:
J Routh
Trustee
Page 5

Grimsby Ice Rink
Independent Examinerfs Report to the trustees of Grimsby Ice Rink
I report lo the charity trustees on my examination of the a¢¢ounts of the charity for the year ended 31
Augusl 2020 which are set out on pages 7 to 21.
Respective responsibilities of trustees and examiner
As the charity's trustees of Grimsby Ice Rink land a150 its director5 for the purposes of company lawl
you are responsible for the preparab'on of the accounts in accordance wrth the requirements of the
CompanEs Act 2006 ('Ihe 20C6 Act'i
Having saltsfied myself that the accounts of Grimsby Ice Rink are not required to be audited under
Part 16 of the 2006 Act and a￿ e[￿ible fN Independent examinabon. I report In respect of my
examinatK)n of your ¢harity's a¢¢ounls a5 carried out under secb.on 145 of the Charities Act 2011 I'the
2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity
Commission under section 145(5)Ibl of the 2011 ACL
Independent examiner'$ statem¢nt
I have completed my examinalton. I Confi￿ that no matters have come lo my attent￿n in connection
with the examination giving me cause to believe that in any material respect..
1. accounting records We￿ not kept in respect of Grimsby Ice Rink as required by secbon 386 of
the 2006 Act; or
2. the a¢￿￿nIS do not accord wth those recoTds'. or
3. the accounts do not comply with the a¢¢ounting requirements of section 396 of the 2006 Act
other than any requirement that the a¢¢ounts give a 'true and fair v￿w. which is not a matter
considered as part of an independent examination". or
4. the accounts have not been prepared in accordance wrth the methods and principles of the
ststement of Recommended Prath"ce for accounbng and reporting by charities lapplicable lo
chanlies preparing their accounts in accordance wf(h the Financial Reporting Standard
applicable in the UK and Repuljic of Ireland IFRS 10211-
I have no concems and have come across no other matters in connection with the examination to
which attention S￿uld te drawn in this reFOrt in order to enable a proper understanding of the
accounts lo be reached.
Kevin Hopper AC
Forrester Boyd
26 South Saint Mary's Gate
Grimsby
North East Lincolnshire
DN31 1LW
26 August 2021
Page 6

Grimsby Ice Rink
Stat•m•nt of Financial Activities for the Year Ended 31 August 2020
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses
Unrestricted
funds
Restricted
funds
Total
2020
Note
Income and Endowm¢nts from:
Donalions and legacies
Charitable activities
Other trading activities
Inveslmenl income
26.042
120,692
11,544
118
26.042
120,692
11,544
118
Total income
158.3
158.3
Expenditure on:
Raising fijnds
Charitable activities
16.918)
{185,0001
16,918)
185,361
Total expendrture
191,918
192,279
Net expenditure
Transfers be￿een funds
{33,5221
361
(3611
133,8831
Net movement in funds
{33,8831
{33.8831
Reconciliation of funds
Totsl funds brought fomard
45,953
45.953
Totsl fvnds carried forward
22
12,070
12.070
The notes on pages 10 to 21 fom an integral part of these financial stslements.
Page 7

Grimsby Ice Rink
Ststement of Financial Activities for the Year Ended 31 August 2020
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrestricted
nds
Total
2019
Restricted
Note
Income and Endowments from:
Donat￿nS and legacies
Charita￿e activit￿$
Other Ifading aclivib.es
Inveslmenl income
1,360
207,034
20,914
108
207.034
20.914
Total income
229.416
229.416
Expenditure on:
Raising funds
Charitable activities
113.194)
(201,3701
113,1941
202,972
{1,602
Totsl exFendrture
Net in¢omellexpenditure}
Transfers be￿n fvnds
214.564
1,602
(216.1661
14.852
1.602
11,6021
1.602
13,250
Net movement in fvnds
13.250
13,250
Reconciliation of funds
Total funds brought forward
Total lunds carr￿d forward
32,703
32,703
45,953
45,953
The notes ￿ pages 10 to 21 ftym an integral part of these financial Stalen￿nIS.
Page 8

Grimsby Ice Rink
(Registration number: 10662971)
Balance Sheet as at 31 August 2020
2020
2019
Flxed assets
Tangible ossels
16
13.876
23,093
Current assets
Stocks
Debtors
Cash at bank and in hand
17
18
2,345
12,775
81,679
1,5S9
3,923
105.512
96,799
110,994
Creditorn: Amounts falling due wilhin one year
Net current assets
19
50.957
81.648
45,842
29.346
Total assets less current liabilities
59,718
52,439
(6,486
Creditors: Amounts falling due aft¢f more than one year 20
Net assets
148.333
11.385
45,953
Funds of the charlty:
Unrestricted income funds
Unresllicled
12,070
45,953
Total funds
22
12,070
45,953
For the financial year ending 31 August 2020 the charity was entitled to exemptson from audit under
section 477 of the CompanEs Act 2006 reL8tiTrJ to small companies.
Oirectors, responsibililEs'.
The members have nol required the charity to obtain an audrt of its ￿￿Ounts for the year in
question in accordance with section 476.. and
The directors a¢knowledge their responsibilrties for comptying with the requirements of the Act with
respect lo accounts.ng records and the preparatton of accounts.
These ac￿unt$ have been prepared in accordance with the provisions applicable to companies
subject to the small wnpanie5 regime.
The financial statements on pages 7 10 21 were approved by the trnstees. and authorised for issue on
26 August 2021 and signed on their behalf by..
J Roulh
Trustee
The notes on pages 10 to 21 form an integral part of these financ￿1 statements.
Page 9

Grimsby Ice Rink
Notes to the Financial Statements for the Year Ended 31 August 2020
1 Charity status
The ¢harity is Iirniled by guarantee, incorporated in United Kingdom, and consequently does not have
share capital. Each of the trustees is liable to contn.bule an a￿K*unt not exceeding £10 towards the
assets of the charity in the event of IiquKlaty"on.
The address of its registered office is".
26 South Saint Mary's Gale
Grimsby
North East Lincolnshire
DN31 1LW
The principal place of busines$ is-
Rear of Grimsby Leisure Centre
Cromwell Road
Grimsby
North East Lincolnshire
DN31 2BH
These financial statements were authori5ed for issue by the trustee5 ¢Jn 26 August 2021.
2 Ae¢ounling policies
Summary of signif￿ant accounting policies and key accounting estim•tes
The principal accounting policies applied in the preparatson of Ihese financial ststements are sel out
below. These policies have been consistenuy applied to all the years presented, unless otherwise
staled.
Statement of compliance
The financial statements have been prepared in accordance Accountsng and Reporting by
Charities. Slalement of Recommended Pracbce applicable to chant￿S preparing their accounts in
cordance with the Financial Rewrting Standard appluble in the UK and Republtc of Ireland IFRS
1021 {effeclive 1 January 2019) {Charilies SORP IFRS 10211, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102). They also comply with the Companies Act
2006 and Charitw Act 2011.
Basis of prepardtion
Grimsby I￿ Rink rreets the definrt￿)n of a publi¢ benefft enbty under FRS 102. Assets and liabilities
are Initial￿ re¢ognised at historical Cost or transaction value unb55 otherwise slated in the relevant
accounting policy notes.
The financial statements cover the indNidual enty, Grimsby Ice Rink.
The financial slaternenls are presented in sterling and rounded lo the nearest pound.
Page 10

Grimsby lee Rink
Notes to the Financial Statements for the Year Ended 31 August 2020
Going concern
Specifically in ￿nneCts.0￿ with the current economic climate. the trustees have considered the impact
of COVID-19 on the charity and they are Satisf￿ that Ihe charity has sufficient financial headroom lo
continue trading for al least the next Iwelve months. For thLS reason the financial statements have
been prepared on a going concern basis.
Income and endowments
All income is recognised once the chanty has ents"Ilement to the income. it is probable that the income
will be received and the amount of the income receivable can be measured reliably.
l)onations and legacies
Donations are recognised when the charity has been notrf*d in wribng of both the amount and
settlement date. In the event that 2 dOnat￿n is subieet lo condits.ons that requi￿ a level of
performance by the ehanty before the charity is entitled to the funds. the income is deferred and not
recognised until either those Condit￿)n$ are fully met. or the fvlfilment of those ¢ondibons Is wholly
within the control of the charity and rt is probable that these conditions will be fuffilled in the reF)oth'ng
period.
Grants ro¢8ivoble
Grants a￿ re¢ognised when tr* charity has an enbwemenl to the funds and any conditions linked lo
the grants have been mel performance conditKJns are attached to the grant and are yel to be
mel, the income is re¢ognised as a liability and included the balance sheet as deferred Income lo
be released.
Investment income
Dividends are recognised once the dNidend has been declared and nolfficats'on has been received of
the dividend due.
Expenditure
All eXpelld1￿re is recognised once there is a legal or constructive obligation to that expenditure, il is
probable settlement is required and the amount can be rrEasured reliably. All costs are allocated lo
the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot
be directly attributed to parbcular headings they have been alIC￿ated on a basis consislenl with the
use of resources, wth central stsff costs allocated on the basis of time spent, and depreciation
¢harges allocated on the POrt￿n of the assevs use. Other support costs are alk)caled based on the
spread of staff costs.
Raising funds
These are costs incurred in attrath.ng voluntary income. the management of investments and those
incurred in trading activities that raise funds.
Charitable activities
Chanlable expenditure comprises those costs incurred by the charity in the delNery of ils activities
and services for its beneficiaries. It includes tx)th costs that can be alIC￿ated directly to such activities
and those costs of an indirect nature necessary lo supp)rt them.
Page 11

Grimsby Ice Rink
Notes to the Financial Statements for the Year Ended 31 August 2020
Support costs
Support costs include central functKJns and have been all￿ated to aclNity cost Categories on a basis
consistent with the use ol resources. for example, allocating property costs by floor areas. or per
capita, staff costs by the b.me spent and other costs by their usage.
Govemance costs
These include the costs attributable to the charity's complk4nce wrth constitutional and statutory
requirements. including audiL strategic management and trustees's meetings and reimbursed
expenses.
Governm¢n¢ grants
Government grants are recognised based on the accrual mc*Jel and are measured at the fair value of
the asset received or receivable. Grants are classified as relating either lo revenue or lo assets.
Grants relating to revenue are recognised in income over the period in which the related costs are
re¢ogni$ed Grants relab.ng lo assets are recognised over the expected useful life of the asset. Where
part of a grant relatsng to an asset B deferred. il is recc43nised as deferred income.
Taxation
The charity is considered lo pass Ihe tests set in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a chantable company for UK corporation tax purposes.
Accordingly, the charity is wtentialty exempl from laxalion in res￿1 of income or capital gains
received wilhin categories covered by Chapler 3 Part 11 of the CorpOra￿n Tax Act 2010 or Section
256 of the Taxalton of Chargeable Gains Act 1992. to the exlenl that such income or gains are
applied ex¢lu$ivety to ¢haritable purpose$.
Tangible fixed assots
Individual fixed assets costing £1.(hJO.00 or more are initsalty recorded al cost
Depreciation and amortisatlon
Depreciation is provided on langibje fixed assets so as to write off the cost or valuation, less any
estimated ￿sIdUal value, over their expected usefvl economt lrfe as follows..
Asset class
Office equipment
Plant and machinery
Depreciation meth¢)d and rate
20°k straight line
20% straKJht line 133% straight line
Sto¢k
Stock is valued at the lower of cost and estimaled selling price less costs to complete and sell. after
due regard for obsolele and sk)w moving stccks. Cost is deternined using the firsl-in, first-oul IFIFO}.
Page 12

Grimsby Ice Rink
Notes to the Financial Statements for the Year Ended 31 August 2020
Trade debtovs
Trade debtors are amounts due from customers for merchandise sold or Servi￿ performed in the
ordinary course of business.
Trade debtors are recognised iniknalty at the transacth)n pric£. less provision for impairment. A
provision for the impairment of trade debtors is established when there is objective evidence that the
charity will not be able lo collect all amounls due according to the orvJinal terms of the receivables.
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand and call deFQSits.
Trade creditors
Trade creditors are obligations to pay foi goods or SerV￿S that have been acquired in the ordinary
course of business from suppliers. Accounts payable are cL3SStfied as current liabilities if the charity
does not have an unconditional right, at the end of the reporting penod, to defer settlement of the
creditor for at least ￿efve r￿nthS after the rewrting dale. If there is an unconditional right to defer
settlement for at least ￿etrIe ffonths after Ihe reporting date. they are presented as non-currenl
Trade creditors are recognised at the transacbon price.
Fund structure
Unreslricled income funds are general funds that are available for use at the Iruslees's discretion in
furtheran￿ of the objectives of the charity.
Restricted funds only be used for a speufic purpose.
3 Income from donations and legacles
Unrestricted
funds
General
Totsl
funds
t)onalions and legacie5.'
Donations from individuals
Grants, including capitsl grants",
Government grants
Tolal for 2020
187
187
25,855
25,855
26,042
26,042
Total for 2019
1,360
7,360
Page 13

Grimsby Ice Rink
Notes to the Financial Statements for the Year Ended 31 August 2020
4 Income from charitsbl• activities
Unrestricted
funds
General
Total
funds
Ice rink operation
120.692
120,692
Total for 2020
120,692
120,692
Total lor 2019
207,034
207,034
S Income from other trading activities
Unrestrfcted
funds
General
Total
' funds
Trading income".
Sales of goods and serwices
11.544
11.544
Total for 2020
11,544
11,544
Total for 2019
20,914
20,914
6 Investment income
Unres¢ri¢ted
funds
Genernl
Total
funds
Interest receivable and similar income".
Interest receivable on bank deposits
Totsl for 2020
118
118
118
118
Totsl ft>r 2019
108
108
Page 14

Grimsby Ice Rink
Notes to the Financial Statements for the Year Ended 31 August 2020
7 Expenditure on raising funds
a) Costs of tradlng actlvilles
Unrestricted
funds
General
Total
funds
Note
Costs of goods sold
6,918
6.918
Total for 2020
6.918
6,918
Total for 2019
13,194
13,194
8 Expenditure on charitable acli¥illes
Unrestricted
fund5
General
Restricted
funds
Total
funds
Note
Ice rink operation
Depreciation, amortisation and otr
similar costs
Stsff costs
Allocated support ¢osts
Govemance costs
60,261
60.2f1
12.017
83.984
25.098
3,640
12,017
83,984
25.459
3,640
Tolal for 2020
185,000
361
185,361
Total for 2019
201,370
1,602
202,972
Activty
undertaken
directty
Activity
support
costs
Total
expendltuve
Ice rink operalion
156,262
29.099
185,361
Total for 2019
165.527
37.445
202,972
Page 15

Grimsby Ice Rink
Notes to th• Financial Statements for the Year Ended 31 August 2020
9 Analysis of govemance and support costs
Support ¢osts allo¢atod lo ¢haritsble activitie5
Premises
Costs
Finan¢e Administration in¢luding
¢osts
costs
depreciation
Govemance
¢osts
Basis of
allocation
Ice rink operation
3.640
6.091
3,255
15,659
Tolal for 2019
1.613
5.276
4,075
25,267
Other
support
costs
Total
funds
Ice rink operation
454
29,099
Total for 2019
1.214
37.445
Governance costs
Unrestritted
funds
General
Total
funds
Independent examiner fees
Examinat￿n of the financial statements
Legal fees
Totsl for 2020
2,640
1.000
2,640
1,000
3,640
3.640
Totsl for 2019
1,613
1.613
Page 16

Grimsby Ice Rink
Notes to the Financial Statements for th• Yèar End•d 31 August 2020
10 Government grants
Funding received from Lifetime Training App￿ntir￿hiP Grant, NISA LLxal Grant and a NELC Corona
Virus Small Business Granl
The amount of grants recognised in the financial stslements was £25.85512019 - £5001.
11 Net incomingloulgolng resources
Net loutgoing)lincoming resources fof the year inctude".
2020
2019
Operating leases - plant and machinery
Oeprecith'on of fixed assets
17.998
12,017
17,998
11,971
12 Trustees remuneration and expenses
No Iruslees. nor any persons connected wth them. have received any ￿mUnerat[on fr¢)m the charity
during the year.
No trustees have feceNed any ￿1mbur￿ expenses or any other benefits from the charity during the
year.
13 Staff costs
The aggregate payroll costs were as fdkNts".
2020
2019
Staff costs during the year were:
Wages and salaries
Pension cosls
83,379
605
74,058
383
83,984
74,441
The monthty average nuffthr of persons (including senior management team) employed by the
charity during the year was a5 follows..
2020 .
2019
Charitable support staff
10
No employee received emoluments of more than £60.OW during the year.
The totsl employee benefits of the key rnanage￿￿nI personnel of the chanty were £20,74412019 -
£19,440)
Page 17

Grim$by l¢e Rink
Notes to the Financial Statements for the Year Ended 31 August 2020
14 Indep•ndent gxaminerfs remuneration
2020
2019
Examination of the financial stsIem￿ts
2.640
1,200
15 Taxatlon
The charity is a registered charity and its actIvrt￿S are exempt from tsxation.
16 Tangiblo fixed assets
Furniture and
equipment
Total
Cost
Al 1 September 2019
AdditK)ns
39,853
2.8CK)
39,853
2.800
At 31 August 2020
42,653
42,653
Depreclation
At 1 September 2019
Charge fof the year
Al 31 August 2020
Net book value
16.760
12,017
16,760
12.017
28,777
28.777
At 31 August 2020
At 31 August 2019
13.876
13.876
23,093
23.093
Included within fixed assets is an asset pledged as security under a hire purchase agreement with a
net book value of £6,66712019: £16,667)
17 Stock
2020
2019
Stocks
2,345
1,559
Page 18

Grimsby Ice Rink
Notes to the Financial Statements for the Year Ended 31 August 2020
18 Debtors
2020
2019
Trade debtors
Prepayment5
Other debtors
3,923
12.584
191
12.775
3.923
19 Creditors: amounts tslling due within one year
2020
2019
Bank loans
Trade creditors
Hire purchase and finance leases
Other taxation and social security
Other creditors
Accruals
1,667
18.967
6.486
314
290
23.233
3,082
9,730
719
299
67,818
50,957
81,648
Bank borrowings
Included within bank borrowin9s is an arrN)unt of £50.000 advanced by the company's bankers in
respect of the Coronavirus Business lnleirupts.on Loan. This loan is repayable in equal inslalments
over 60 months commencing June 2021. and interest is payable on the loan at a rale of 2.5% over
base rate.
20 Cre(litors: amounts falling due after one year
2020
2019
Bank h)ans
Hire purchase and finance leases
48.333
6,486
6.486
48,333
Included in the creditors are the folkxiing anM)unts due after nNJre than five years..
2020
After more than five years by inslalments
8,333
Page 19

Grimsby Ic• Rink
Notes to the Financial Statements for the Year Ended 31 August 2020
21 Obligations under l•as•s and hire purchase contracts
The total value of future minimum base pay￿ents was as follows..
2020
2019
Wrthin one year
In ￿ to fve years
6.486
9.730
6,486
6,486
16.216
These amounts are all secured UF*)n the asset to which they rel*e.
22 Funds
Balance at
Balance at
31 August
2020
September
2019
Incoming
Resources
resources expended
Transfeys
Unrestricted
General
45,953
158,396
{191.918)
1361
13611
361
12.070
RoStri¢tod
Total funds
45.953
192,279
12,070
Balance at
Balance at
31 August
2019
September
2018
Incoming
Resouvtes
resources expended
Transfers
Unreslricted
General
32,703
229.416
(214,564)
1,602
{1,602}
1.602
45.953
Restricted
Total fund$
32.703
229.416
216.166
45,953
Page 20

Grimsby Ice Rink
Notes to the Financial Statements for the Year Ended 31 August 2020
23 Analysls of net assets between funds
Unrestri¢ted
funds
G¢neral
Total funds
at 31 August
2020
Tangible fixed assets
Current assets
Current Ipbilities
Creditors over 1 year
Totsl net assets
13.876
96,799
150,9571
48,333
13,876
96,799
{50,9571
48,333
11,385
11,385
Unrestricted
funds
Genoral
Total funds
at 31 August
2019
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
23.093
110,994
181,6481
6,486
23.093
110.994
181,6481
6,486
Total nel assets
45,953
45,953
24 Analysis of nel funds
At1
September
2019
Financing
cash flows
At 31 Augwst
2020
Cash al bank and in hand
Debt due after rr￿fe than one year
Finance leases and hire purchase contracts
105,512
23,833}
150.0001
81,679
150,000}
6,486
16,216
Net debt
64,103
25,193
At1
September
2018
Finan¢ing
cash fiows
At 31 August
2019
Cash al bank and in hand
Finance leases and hire purchase ¢ontracls
Nel debt
79.322
125.945
26.190
9,729
105,512
116,2161
89,296
53.377
35,919
25 Related party transaclions
There were no related party transactions in the year.
Page 21