Company r8gislr8ttt￿ number., 1(YA2971 (￿artty 18gistrat￿￿ number.. 1175947 Grimsby Ice Rink IA company lrni*d ty guarantee RerKNf Finanoal Statemerts the Year ETrJed 31 August 2021 *ABBIAW2* 2m12022 COMPANIES HOUSE A07 #212 Forrestet Bo 26 South Saint Marls Gate Grirnsby Norlh Ea51 Lincoknshire DN31 1LW Grimsby Ice Rink Contents Reference ar￿ Adr￿n￿trative De18ils Trustees. Report 2104 Slatemenl of Trustees. R8sponsitMkns Indepgndent Exanwnefs Report ststèrnent of Firwctal Acthities 7t08 8alanc8 SPwet les lo the Firwioal S¢alemerbts 10t022 Z¢ho'Slgh Ity. UTHAQÉQVP03SZ4*1JO￿FLXsLT￿￿tr￿Wy8XPTs Grimsby Ice Rink Reference and Admln6strative Detalls Tru•lÉes R NeWt￿n ftear ol Grknsby Leiswe ￿tre C[orr￿Ve11 Ro*1 Grimsby Nlyth East LinGolnshire DN3128 26 Soulh Saint Marfs Gatt Grim$ty North Easl LinG￿n$h¥e DN31 ILW Prlnclpal Offf¢• Registered Office The is incwwated in Unit•d Kin9thJn. Company Regislratlon Nwnber 10662971 ¢h•rfty Rg9IBtratlon Numb 1175947 Indep•ndent Examlner Foryesler 80s¥J 26 Soth Saint Mafrfs Gale Grirnsby North Easl LincdrJ5hwÈ DN31 1LW ts. VTIiICÉQVP0392WAKXL4FLXSLTEIPKEbtwTèxp7$ Grimsby Ice Rink Trustees. Report The (r￿lee$. who afe direthors for Ihe puwses of company law. prewt Ihe omual repjl together wilh the fiTranck81 slatements of the ¢harit*)te corbwarry for Ihe 31 I￿gL￿1 2021. Obl￿tIveS and activltles Obl￿ts and alms Grimsby Ice Rink 1$ commAl•d io cOnb"rM￿9 the pwsion ol ice sports for North Easi Ling)Inshlre arxl th 8ufroundNig area& This thfr ttm1inua1￿ of I￿ Hod(ey trairmg 8Thd maiehe8. figure skat•lg trainin9 and recrealional skaiing. Our aims.. ' To make ice st*Yts a¢¢essil)lè lor all ' To increase th8 number of peopb enjo>wig i¢e Skyjts ' To promote a healthi8r lifes1￿e by the inrAu5ion of pewe wi i¢e Skx¥ts ' To proThole the IwlSty f(x North East LI￿o￿$1M1e and ¢he wiJer area ' To expand the ice sk?tir¥J co￿￿￿nIty Fundralslng dls¢los¢ff•s Gfimsby Ice Rink h¥$ approached fL￿draIsIn9 in a nL•mbwof ¥Yays Iheso Ir￿de.. ' Sal¢ ol dasher boards es a(Iverbsll￿ lo kt41 fw$inesses. This 4v&s proTrK¢ted by emailir4 local businesses promoting on social media. ' Free lee hockey experience sessions ' Reduceil wice Ihemed (r￿C0S . Staff do n(X ask for donalions. tr￿t a dcffial¢ons pol is desk rf P¢QF49 like lo Orto. Publie benefft Gfimsby Ice Rink has also ￿at￿e6 m(xe sdK>ots arKI oynm￿rfy gn)ups to hire the faL?lty or corne to PUb￿C sessions for a roduc¢d f¢¢. This has18d lo a nLm7b8r of bwkiws. Promotic￿$ have been offered Lkjring the Jear ￿￿lKkng Ihe lolbwwig: ' Free skate aids during certain hc&lw ' Free skate hire leaflets ' Free adult with eath child on th? lots se55K ' So¢i81 media giveaways of a free famly sk•te ' Grfls lo Sch￿1$ and loca cornpanw ola free fa￿￿Y pass lo gr4eaway The trustses confirm that they have ¢(￿p1th V+ith the requirempn15 of Secti￿ 17 of Charlies Act 2011 to have due regard to the benofli gu¥Jance puL4i*d by the Ch¥rity C(xnff*ssiw ft* En*r#Y and Wales to Covhd. the ice fink has been SMJI Icrf most of Ihe ￿. has had to run se55K￿S on tsmtled rwmbers. and thwafore mostlhe ses5iorffj have been redwAJ or refikw8d to comply *•th govemrnent arml rink regulations. Grimsby Ice Rink Trustees. Report A¢hlevtments and ￿rtOm1an¢e Grirnsoy Ice Rink has joined IRMA Ilce IINik Marta9ers AS￿181￿￿) Twfith acls as a nelwk of Mk8 atross Ihe ￿UntY. This has alowed ow staff to vtyt Olher ri￿$ for Ira#iirKJ and have also b8n¢filgd Irom 8nolher manger within Ihe assorAab"¢)n vkgt¥ig us [￿ a day lo rwew h¢>* we operate and 51VJ9asI wmprr)vements. We have also benefited frc*M natK#)al publicily as ITVS 0￿￿r￿j on ke h8$ th8 rink as è tAInl￿ facilily. We have allracteé some lop level skale ¢oacl*s WIK) are worting wth t1￿ rink ar￿ *0 wryJucirvJ skate ￿rnp$ for our top skaters. Grm$by Ice Rir* h¥5 4ppro8ched ￿d￿lS1￿ in a nLvnbw of ways Ihese inthde.. . Sale of dasher boards as adwtisir¥J to local b￿Sir￿SSes. This was prwAed by wailiry bcal businesses promolng ￿ social medla. . Free Ice hockey exper￿nCe sesslons . Reduced PTice Ihemed di5CDS . Staff ¢$) not ask for dortations. bul a (bnatK¥ns Fxjt 15 on Ihe desk if pwAe vKwld I￿e to donate. Financial review During the year. the chaThty has gerEraled a nel def￿1t crf £53.701 is th)ly made up of wreslricted funds. and 15 by the reserves br¢￿1 foThArd. The bal￿r￿ in Ihe reserves be usej for any of Ihe th81itys . charilalAe pwposes. Policy on reservès ReseFve5 airrenvy stsrKI at £42.316 up of uwestri(*ed fwÈds. to bL*d reserves to cover al least 3 monlh's of fixed costs. Going concem The tharity has been impathd by CovMJ-19 due to ts dowre of the iknk an frxlwded of time. also the reduct[￿ in sess#xs arKI capauty for the 2nd yw nJMirKJ. During llis pedod. We￿ still ￿ reduced weven￿. We have inlrc*Juced brdnded merC￿dIse for exarW FKKJthes arvj water bollles, to ty aThJ add to our ￿¥&n￿¥. We are working with the stsff and a¢)*ertisiro. and improving ow social n*dia presence. dong wth athjing other plarforms. We are working wilh experienced coaches to make Knprovements. We also had to rnake a redundancy lo redrte costs. OLrt firsl 6 m(￿thS of finanoal Y￿ is lookirvJ morE Positpft with bwt9 ck)ser lo thg kncom & expendibjre ol we-￿vId. We are cullentty kw)king al fLrflher wants T* can Lthlise to 5UPPYt the charity. Stru¢ture* governance and management Alature olgoweming documenl Grimsby Ice Rink b an independent not for proffit thwitsble company lirrmted by gU￿nIe8. set up to delver gn Ice Sport5 ts¢ility in and arou￿1 North East LinuAnshire. The li*'lty in rp5pect of the gu¥rBnteE Is knited lo £10 por member of Ihe Chwtablg company. In November 2017 Ihe conyany recewed ¢haritabk status. adopted a new ArtKles of Association. Page 3 ZoTho Styn o￿l￿r￿￿ K).. uT￿￿OE¢)vp0JS241m￿)1L4FL¥SLTEIP￿E￿￿x￿B7É>pTs Grimsby Ice Rink Trustees. Report Recruilm•ntand •ppoinbTr•rt of ¢n￿le•S The charitable ctsmpany W retrLNt8d th8 tntstèès Irc*n Ihè Gflfftsby Ic• Fknk CommLMNty GffjLf•. is a grthjp th81 Consists of skat8rs. parents 8n(i coaches. Tl¥s was f(Ym8d to save the Ic* Fl"r* from t*)sure ty the Coumal and prepared a ￿mM￿llY asset Iransler lo lake over the fuming of Ihe facility. The exislirng Iruslees h8V8 8 range of b8¢k9ffwr)ds a￿1 skills thal fefiecl the lJ*aril¥ble cornpanys operations and wkler objeciives. Any further recruilment ol iruslees will lolbw a Pr￿¢$9 of arthi¢alion and inleNsw, artd $ubje¢l the lirn81 prwsal al the apwO￿la1& IM)ard meoliry. a vote is undert&en tho 8PPOirtrn￿l ￿￿Y rer<¥t8d. Th& annual rwt was approved by the tr￿le8$ of the ch• on 11 AL￿st 2022 and swd on Its behaK by. J Routh Trustee Page 4 Z¢tho'SW DxuM*rtl ID: UTHIQEQVP03SZ•WM)ZL4FLXSLTEIPKEbfrf)8BTB>PTS Grimsby Ice Rink Statement of Trustees. Responsibilities The Iruslees IWIKJ we also the direikns ol Grim5by ke Rir* for the purtoses of company kwl are Rspon$lble for preparing Ihe trustees, rewt and the financial statements w) acc(wdance wrfh ihe United ￿,￿jOrn A¢¢ounling Stsnd8rds Iunlled Kin9dom Generaty Accepted Accourthg Pract￿e> applKable law regLtstion5. Company law requlres the trustees to wepare financial staternents for eath financial hear. Undtr c￿npanY law the trustees rnu5t ftot approve Ihe finarKial statgments unth they are satisfi&J thal give a true ￿MI lair vlw ol th? state of ¥ffairs of the tharilable company an(1 of its incomkng resource5 applic*ion of re$ow￿￿. indudlThJ its Inco￿ a￿1 expenditure, for that perK)Y. IA wepamg ItrEse financial St*er¢￿ts. ts trustees are requwed lo: sele(* sullable accc#Jnl'ng ￿lI￿e9 apply them c(￿lstenty. obs8rve the methods Pfincrpth in the Charit*s SORP." rn8ke iudg8m8nt5 and estimates that ar8 reasonalA8 stale byhether appthcabje UK ALr(wntin9 SlarnJard5 hav• been klb>*ed. subjecl to any material d&partLK83 di5Glose(18rxJ exfved in the finan(¥al slatements", a Erfepa￿ Ihe finanaal stal&ments gcAng ￿15 unless li is inapproprial8 io presume thai the tharilable cornp*y wll oJnb"nL* Mi bus￿¢S$. The tru81ee8 a￿ reso)nsit46 lor keepmig thquale •X￿nI￿19 I￿01￿$ that are suffitienl to Show aThJ expLq#) Ihe charitable companys Iransactions and disdosè with f8wnab(e a¢curaLy ai ￿Y lime tha fiAan¢KII w&lion of tho charitable company ané enable them lo enSLwe Ihal lh6 Inanciol stsiwnonls cTrMpty with the COM￿nIeS Act 2CIO6. They are also fesp)nsibb lor safegu8Jding the assets of the ch*ilablfr wrryany a￿1 hm f￿ takin9 roasonable Sleps foi ihe prevenlion artd detect￿n of fraud afvj other irrerwlarkt*& Apwovad by Ih8 trustee5 of the ctr4rity QD 11 Augu5121r22 arKI ￿gnEd ¢Jn its bEhaf ty. J Routh Trustee I￿9 St9n (Sxum¢N ID: UTHAQEOVP03S7AIA)zL4FLXSLTEIPKE￿Q￿XpTs Grimsby Ice Rink Independent Examine¢s Report to the trustees of Grimsby Ice Rink I repjrt lo the charity tr￿lee5 on my exaMinalw￿ o11he ac¢(wnts of Ine ¢hg1ity f￿ yew ended 31 August 2021 whi¢ti are sel pages 7 10 22. R•$p•etlv• r•6ponslbllltl•s of trustees examlner As Ihe tharit￿S tn&slees of Gnmsby Ice Rir* land also its threctcrfs lor Ihe wrposes of ¢omp8ny lawl sou ai& respon5iblt lor the preparation of Ihe act￿nts it) acclyd￿ wlh requirements ol Ihe Compor*es Act 2006 ho 2006 Acl'l. Having satisf*d myself Ihal the a¢¢ounts ol Grimsby Ice Rink are not reouiW to be audited under Part 16 01 th 2006 Acl 8re eA9ible for independ￿¢ examinalon, I repyt in respe¢* d my examination of your charity'5 acccrfjnts a$ carried out vnder section 145 of the Chari￿$ Act 2011 (Yhe 2011 Acfl. In carying wt my examination I have fcAlowed the (Irectws grrfen by the Charity uThler seGlion 149511bl of the 2011 Acl. Ind•i•ndent statemwbl I have ￿ME￿eted my examinalion. I confirm that no maitefs ha¥e con* to my atten1W￿ ￿ Cl￿ne￿110￿ with the examination gTrving me ca¥J5e to believe Ihat ￿ any materol resw 1. 8¢¢rfJvnting records w¢r¢ rnt kept in ro$F*L* of Grin* Icg Rir* as r8wweil by sKtion 386 of Ihg 2006 A￿. or 2. the accounts do not accord wilh those rec4xds: or 3. Ihe a¢counts do not conwy the acv)untry requirement$ of sectiw 396 of the 2CK16 Act other than any requirement that the acc￿lA￿ gNe a 'tn* and tsir is wt a matrer C￿$bdered as part ot an indepeThdenl exarNnaiion', c 4. lh9 accounts havo prepared in aC￿￿ar￿ Ihe m8thod5 arxi winciple5 of ihe Statem&Ft of R￿0Mmended PractK& for accx)unkn'rNJ and rEFubng by charities lappkabkg lo charities weparing their accounts kn accL)rdan¢e the Finanoal R8pwthg Slandard aprknble in Ihe UK and Republic cl IrelaTh IFRS 10211. I have no concerns arvj have c4me auoss no.(thw mattets in cOnr*￿10n with th• exawatw lo *thich allonlion should be dr*drt in this report in tyd•r to ènaN• a (ry•r unOust*)ding of ac¢thnts t) rèactsl. Cofrie Jensen ACA Forrest￿ Bo￿1 26 South Saint Marl$ Gale Grim$by North Easl Linc¢knshire DN31 1LW 11 Aljgusl 2022 Grimsby Ice Rlnk Statement of Financial Actlvitses for the Year Ended 31 August 2021 (Including Income and Expenditure Account and Statement of Total Recognised Galns and Lossesl Unrestricted Restrlthd furM15 lunds Total 2021 Note Income and Endcvmients from: D￿atiC￿S and legxies Charitable aclMtie$ Other tra(lin9 activibes Inveslmenl iriccrfne 71.113 65.7 27.038 71,113 65,756 27.038 Total inetr 163.912 163,912 Expenditur• on: Raisirtg lun0$ Charitable actwilies 5.075) 12.538 (S.J75) 212.538 Tot81 expendSture Not expendilu Net movement in fiJnd5 217.613 217.613 (53,701 153.7011 {53.701) 153.7011 Reconcillatlon ot funds T￿al funds brouGhl forward TcAal funds corr￿ f(Thard 11,385 11.385 42.316 42.316 The r￿leS on pa9es 10 to 22 f￿rn an inlegTal part of these Itnwml Stalen￿ts. Page 7 Zrtho $wl)J¢vrn¢N D: VTblACEQVP0392-fr¥AX)ZL4FLXSLTEIPKEblY)WÈXPTS Grimsby Ice Rinlt Statement of Financial Activities for the Year Ended 31 August 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses Unrestricted funds T¢Xal 2020 Reslricted Income and EndDwm•nts from. DonatlQn5 and legade5 Ch¥rit•bl¢ aclivitse8 Other trading 8ch"vrties Itweslmenl income 26,042 120.692 11.544 118 26.042 120,692 11.544 118 T￿01 incoma 158.396 158. Eyptndltur¢ on: R8i&ng lunds charl￿1e activiltes {6.918} 185,685 16.9181 186.046 (361 Tot81 expendilwe 192.603 192.964 Néi expefidiiura TraAsfers betrleen fiJnd5 134.207} 361 (3611 IY.$681 Nel movement in lunds 134.568} 134.5681 Re¢on¢iliatlon ot funds Totsl funds lyought foTh¥ard T￿81 funds ¢arri¢d fomard 4S.953 45,953 11.385 11.385 The r￿8$ *Jn pageg 10 to 22 li￿ an Integral W of Ihese finanraal sta1ern￿ts. Page 8 S¥Jn Tr. iITb14QEQVP03SZ-HMK)ZL4FLX5LTEIPKEfrffX)8BTBXPTS Grimsby Ice Rink (Registration number. 10662971) Balance Sheet as at 31 August 2021 2021 2020 Not• Ff9ted 4s8ets TaThJble assels Curi•nt oss•ts Slocks Debtors Cash al bart and wi h￿d 16 12.059 13,876 17 18 2.345 12,775 81,679 42.484 34.445 76.929 96.799 Credltors: Amounts frdlllng due wlthin one N•1 curT¢nt Illabllltie$ll•ssots 19 92.266 50.957 (15.337) 45.842 T¢)t*l a$Mt* les$ current Ilabilitle$ {3.278) (39.038) 42,316 S9.718 Crgdltors: Amounls lalling due after rnore than one year Nel Ili4bi16tksVassets 48,333 11,385 Funds of the ch•rlty: Unrestricted bnC(Yne funds unreSt￿ted 42.316 11.385 Total fvnds 42.316 11.385 For the financial lear endwj 31 Augusl 2021 11* ch8rity was rfIlt￿ io oxernplion from aud￿ ￿)ller section 477 of the Compantes Act 2006 rdaling to sm811 cfynpanie& Oirèclors. rt8pon￿bil1tsOs.' The member5 have required tharity oblain an autht of its accounts for the year in question in acwrdance wilh ¥￿tion 476: and The directws acknowkdge resporthlities for cofflpWg IhE TequTemenls of the Act wth resp8cI Io accounling reccrd5 the preparatKJn of accounls. These ￿CountS have been prepared in accordance ￿ tho p￿￿$M)nS ¥ppI￿8 lo comparAes Su￿.0¢1 10 the small ccnwaNes reg¥me. The fihan¢i* Slatemenls on pages 7 to 22 Twere apwo¥ed by t¥￿ tNstoe8. aThJ aulhoris6d issuè on 11 ALWSi 2022 afid S*Jfi8d on théir ￿hall by. J Roulh Trustee notes on pages 10 to 22 f(￿11 an inlegral pwi of Ihese finandal statements. Grimsby Ice Rink Notes to the Financial Statements for Ihe Year Er￿d 31 August 2021 % Charity st#us The charity 15 limited ty guaran*e. I￿or￿rated ITr Unrie(l Kingthyn. ¢onsequenty does rlol have shafe capilal. Each of the tTU"slees is liatde lo ￿ltill￿J{e w anKwnt nol exceeding £10 to￿ardS Ihe assets of the charlty in the event of Iquidab'on. The address of ils rewered olf¢e 1> 26 South Swt Metys Gate Grimsby North East Linccthshire DN31 ILW The principal of business is.. Rear ol Grimsby Lei5vrn Centre Cromw811 Road Grimsby North Easl Linccknshire DN3128H Th•so financial stat•monls *lFth"s•d for issL* by lh• 1rust￿8 On 11 Awjusl 2022. 2 Aeeountlng polieles Summary of •lgnffl¢ant accountfjng polkh• and k•y accountlng •sllmat•s The wincipal xccMJnb"ThJ polica•s applied in lh• preparaknn of th￿0 financi￿ stsi•m8nl$ ar• sei out bèlow. Thès policiès havè be•n ￿$1st￿n￿Y apwffjd ￿ all the >wrs pr•￿ThI6d. unl￿$ olhthM"$8 stal•d. 8tatem8nt ol ¢ompllance The financtal slalements been ￿Pared n a￿dance wlh Account•ig and Reporting by Ch*i118S." Slalemeftl of Recommended Pfactice appljcame lo chèrii*s ￿epanrVj their aCtt￿nts in aceordance with th8 Financ*1 R8porkn"ng Standard ap•ble UK antl Repubk of If8land IFRS 102) (effectivè 1 January 20191- (Charitie$ SORP (FRS 10211, (he Fina￿la1 Rep￿tir￿￿ Slarndard aOicabl& m tho UK and Rep￿IC of Ireland {FRS 1021. Thèy also cemF4y with lh• Compani•s Act 21J)6 Chaniies Act 2011. Basls ¢f pr•parnlon Grim8by Ice fv'nk meets the d8fiThtioft cl a b8r)•fii entity urKf#r FRS 102. A￿ts liabilth'8s ￿ inits'aly recogni88d al historical cost or trwwclK)n vahje unless ￿hOr￿￿e slatgd in lh8 rel8vanl ac￿￿rrt1rKj Aoies. Tho finanaal slaiements COV￿ Ihe mdibidual enw, Gr•nsby Ice Rink. The finan￿* siatstnents are oresefttsa in si6rfirwJ al￿ I(￿nded 10 the fiear&￿ p￿n￿. Golng con¢em Specifically in ¢onne¢DoA wilh the current ècorK#nic dimai&. Iruslees have c¢￿￿dered Ihe impact of COVID-19 on Iho ¢hanty they are sattsfied that the chanly has Suff￿1 finan￿al headroom to conts.nuè tradnig for al lea$1 the next Iwelve mtxths. Cashlknw loree8sls have beer) prepare¢J and management accounts bok in a more lavorable posibon In nexl yw. F￿ this rea80n Ihe finanaal slate￿nIS have beon prepwod on going concern basis. Income and endowments All irteome is re¢xwised Or￿ Ihe th8nty has enknllèm￿I to tr* irtom8. il is Frf0bab￿ that the ifieomè wlll be re¢¢Ned and th8 amtsjnt ol ihe #icorn receNabte can be mea$L*•J r¢liably. P￿e 10 Grimsby Ice Rink Notes to the FiTrancial Statements for the Year Ended 31 August 2021 Donations and l•ga¢i De<¢ab￿S arè rocognisad thè ehanty has b8en in wntiNJ of both t￿ arno￿1 and $8tU*nénl dale. In Ihe evènl Ihal a thnalion is subj'ed to that a 18vèl of p8rformnc* by the clorlty ￿[1)ra Ihè charity 1$ entiu¢d to funas. the in¢4)me is deferred and not reeogr#sed unlil eith&r thos8 condit*)ns 8r8 fulty mi, or the fulfilmerit of those cond•tions is ¥¥lK•y wilhin the c4ntrol of tl* ts'ty and it is probabl6 thal th￿8 conditions will b8 fulli118d li the ieportwig t*nod. Grants rn¢elvabl• Giants arè recognis#d when tho ¢harily has ￿￿lI￿OnI to the frjnds aTrJ ary e0r¥Jil￿$ ffinked k) 1h8 grants have beèn mel, Wh6re perfOrM￿ta condit￿$ are alL￿h•￿ lo Ihe gra)1 a￿ >el to be mel. Ihe inttomo IS recg)9lisod as a liatslity arKJ inc4LMlèd on Ihe ba￿￿¢& she81 as d•twr8d Incom8 to be r8lea8exJ. Def•rrnd Incom• Defwred income represents ￿0￿nts received for futLEre rthrAJs and is relgased to in¢ornlrry re50wce$ in Ihe perK)d for vdhich, St ha5 b8en r8ceived s￿ ilGOn* Ss only ¢Jefened vknen.. - rhe ¢Jonor ¥J¢ofN*s that thè grant or donaii¢¢t musl ¢)nty be uséd in futurn acctyJntTr7g por*)ds'. or - Tho donor has imposed condi110￿ m￿1 be mèl b•f(ffe Ihe (*arity has unconditi￿al èntill•m•nt. Investmènt IfKOmO Dhfider¥J5 afe recoBnised once the diwdond has ￿en declaied and notIfK￿lOn has been rpcpived of Ihe dlvldend Expendlture All expenditwe Is recognised 0￿e th￿e is a le￿1 off c¢￿1￿¢1￿￿e rtJi9aiit)n to that expenditure. it is probable selllement is reovired and the arn￿￿t ￿ bo m￿s￿red rdEaNy- Al costs are allo¢aled lo the app*cabJe expenditur& heathng that aggregate 5xnilar costs lo that category. Wher8 C4)sts cannol be directly attributed lo paTbcLFlar headings they have been aknted on a basis ox)nSi5tent ￿1h Ihe use cl resources. V*ith ￿r•tra staff costs al￿ted ￿ Iha basis of time spent. detxe(ialion tharges albxal&d on portion ￿ th8 a￿et'S use. Othèr supp(Nt costs arg afrtxated based on the swead of stsff costs. R4l$irtg funds These are cosls incurr&J ￿ attractirwj V￿U￿1ary inc{￿ne. the management of investments ar￿ those i￿u[red in trading activities that raise lurNJs. Charitable activities CharitatAe ex￿diture coriwrises those costs knujrred by the chw#y in Ihe ddiyery of fts adivilie5 8nd services fo its b￿¢fi￿ar1es. li irKludes both costs that be allccale4J threcuy lo s￿h a￿'VitieS Ih05e ￿Sts of an irKJirecl rwluTr necessary to 5￿pL¥l them. Support costs Support o)sts indude centra I￿¢t10r￿ and have Lwn albc*ed to actmty cosl calegories ￿ a baw¥ C￿S￿tent wilh the use of resources. for exar*. ***ir¥J twerty LX￿5 by Tryjr area& or per cBpits. staff costs by the timo spent and olhef costs by their usage. Go¥emancÈ costs These indude the costs attriiWlab￿ to the tharity's coTrWiancg with constituknonal aThJ Stat￿lOry requirements. indudiThJ audit, strategic monagemenl Irustees's meeIn￿ and reimbursad eXPe￿e$. Paga 11 2¢ho Da¢Lffi*rt ￿. UTHA(XvPW441N)2L4FLX5LTEIPKE￿QOBTBXpTs Grimsby Ice Rink Notes to Ihe Financlal Statements for Ihe Year Ended 31 August 2021 Govornm¢nt grants Government grants 8r8 wnised base(l on Ihe ac¢yual mc*Jg1 oThJ are measured 81 ffte f8ir value ol the assel received or recewabb. Gr8nls are dassifiei18s ￿lats"n9 e411w lo ￿VeNe or lo assels. Granis relating lo r¢venue are recowised in iA¢offÈ over the period in wh.th the related c4)sts are re¢>>3nL8ed. Gr8nis relatin9 lo asset$ af• recognised over the expecled uselul lil¢ ol 8wL Wher6 Part ¢1 a granl re]akng lo an assel is delerred. il is recognised as deferred income. Taxation Ttt¢ tharity bs consid¢réd to pass the iosts set c￿1 in Pryaph 1 Sthedule 6 c4 the F*i8nee Act 2010 and therefore it meets Ihe definition of a dwiabk company f(Y UK thwralioTr lax purposes. AccordiW, th& th￿lY is polenlially 6xempt frorn taxalim in respect of IncW￿ or caprtal w$ received wilhin c8legories covered by Chapter 3 Part 11 cl the corp0rd1￿ Tax 2010 or Secliorl 256 of Taxaty"on ol Charyjeable Gains Act 1992. 10 Ihe exlenl thet irKome or gaws are 4>pl￿d ex￿￿1VelY lo (l￿￿table pwwses. Tanglble fix¢d assets IndivKlual fixed assets cosl'ng £1.000.IXI or moft art ir*tsally r*¢￿0ed al COSL D¢pre¢iation and amortisali¢)n DeWecia￿.on is tyovided on tsnglJ¢ fixeil assets 50 as lo wnla off Ihe cosl or valu•tion. less any ostimaied residuol value. over their expected uselul e¢orKxnic lile a$ folb¥*%: Asset class Office equipment Pl?Dl and machinery Dryre¢latlon rnethod and rate 20% straglit lir* 200A straight line133•A straight line Stock Siock is val￿1 at Ihe lower of ￿$1 estimated sellry less (a)sts *) rnTrplete and sell. after due regard for obsoklè al￿ slow rthing slocks. Cosl Is delemined usiry the fKst4n. first-out (FIFO). Tfad8 debtors Trade debt0￿ are arn￿nts from Custome￿ kn merc*arMli5e sokj tr services perforrned in Ihe ordinary cr4Jrse of tsjsi￿s5. Trade deblors are re(tyJnised inltialy at ihè transacti￿ prKe. les5 provision for vnpairrn8nl. A provislon for tho impairment of trade debtors is estaL4ished when the￿ is obi8c*ve evNJence tw Iha tharily *ill mt be able lo oJllecl all amoun15 due according to tha original terms of tho f8ceivabth. Cash and cash equlvalents Cash and cash eqwalenls comp￿ aNI Call Trade credllors Tiade creditors are obfigakns lo pay gocrfls or that have been 804uired in the rAdinary ctyJr5e of business trom suppliws. Accounts payable are dassified a5 cUr￿Tht lithlities if the ch8rty does rKIt have an unconditional right. at the end of the retKxtin9 period. to defer settlery￿t of the c1￿￿10r for 8t ￿#St IWe￿e months after lh8 reporling date. If there is an urKonththywl right lo dets selllernent for at least iwelve months aftw tho reportlng date, they 8re wesentpd as nonme Vnro$trlct•d funds General Trots1 fur¥l$ Inleresl ￿CeIv￿[e ar￿ similar Inl&resl re¢01v•￿e on bank do5x)sits Total for 2021 Total for 2020 118 118 Page 15 St9n Itr. VTKifEQVP03SZXIj)2L4FLXSLTEIPKE￿¥j￿l8XPTS Grimsby Ice Rink Noles to Ihe Financial Statements for the Year Ended 31 August 2021 7 ExpendlttKe 4)n ralslrwJ fvnds a} Costs of trading aG¢ivil Unrestri¢ted lund$ General Totsl funds Notfr Costs of gocds scAd Total ft>r 2021 5.075 5,075 5.075 5.075 Total for 2020 6.918 6.918 8 Exg•ndllW• on ¢h•rlt•bl• actlvltl•s UrY¢strfded funds General Restrictsd lunds Totsl 2021 Ic4 dnk opernti DeprKiotion. amortisatxm and otsr $milar costs Slaff costs Allocated 5UPPOrt co$ts Go¥emance cosls 64281 9237 82.246 53.221 3,553 64.281 9.237 82.246 53.221 3,553 212,538 212,538 Unrestricted fund9 Gentrnl Restricted funds Totsl 2020 l¢e rink opefat D￿feel@￿0￿, amort1satw￿ and cther &ffi￿r ¢<)st# SLiff ¢¢>sts Allocated support tA)sts Govemance Costs 60261 12.017 83.984 25.783 3.640 80.261 12,017 83,984 26.144 3.640 185.685 361 186.046 A¢livity support underta¢n diredly Total expendSlure Ice rink QP¢fatK 155.764 57.4B7 213.251 Total for 2020 156,262 29.784 186.046 PwJg 16 Grimsby Ice Rink Notes to the Financial Statements for the Year Ended 31 August 2021 9 Anaysi$ of govomanE• and supwt costs Support costs •llocat•d to ¢har•table a¢th•￿e5 PrEmlses co$t8 Go¥•m•nce Fln•tsc• Pdlmknlstratl¢)n Includlng tosts depreclatlon oth support costg Basls of allocation Ice cyeralion 3.553 8.395 6.598 36.869 72 Total 2021 le• rink owation 57.487 Oth•i support osts Governan¢e Fin•￿* Administr•¢lon Includlng costs costs costs depreciation Basis of alloGat•on Ice rink opw*ion 3.640 6.091 15.659 454 T¢Jtal 2020 ke rink cpwalion 29.784 Unr•$trkted funds G•n•r•l Totsl 2021 lThJependent exaThingr fees Ex8minal*)n of thè fthancial statements Legal fees 1.958 1.595 3,553 1.9S8 1.s55 3,$53 Unrnstrict¢d fund$ General Total 2020 1nd8￿rKI8￿t 8xamirw lee Examinatkin of the ￿anCIal statements Legal fe&s 2.640 1.000 1,000 3.640 3,640 PwJ• 17 Zolw• 5gn 00￿￿¢￿1 K): UTHAQEQVP03S24WJ)ZL4FLXSLTEIPKEfrI)CWBXPTS Grlmsby Ice Rlnk Notes to the Financial Statements for the Year Ended 31 August 2021 $0 Government grants Funthng recdved from Lrfetime Tratning *wreniKeship i>ant. NISA Lo￿1 GT8nl ar¥J a NELC Cor0￿ Virus Small 8usine5s Grant The ￿0￿nI ol grants re¢￿[5￿d it) fffi?rwl ststements was £69.283 {2020- £25,055). t1 Ngt In¢ornlnWoutWng r•sourc Net oulgoir#J resour￿ for the year incl￿￿. 2021 2020 Operating leases- planl and rnachinery Depreriation of fixed a￿e1$ 23.998 9.237 17.998 12,017 12 Truslees r¢rnuneratlon and expens•5 No Iru$lÈeS, nor any pe1￿￿$ e¢fin8ct•d *•th ih*m. hav• receNed any remun•ralion from tho ehadty during th• year, No Iruslees fRve received any reimbursed eymnses or arw ¢)Ilw tenofrts ffom Ihe th¥ity durin9 the year. 13 Staff Costs The aggregate payTrJl costs y￿re as follow5: 2021 2020 Staff costs durlng the year were: Wages and salari8S Sock41 security costs Pension costs 80.988 552 706 83.379 605 82,246 83.984 The monthty averaJe r•Jrnbef of pu50r￿ (irKhJding seAK¥ M￿ageMen1 taaml eMFlo￿l by the charity during the ar vrds as follows: 2021 2020 Charitable Support staff 10 No ernpkn￿ reGw8d emtXuments ol more thw* £80,CMXI dumg the yEar. Th• toLIl employeo benefits ￿ thg key mar*gwnont P8rsonno1 ol ttk• charity £20,24412Q20 . £20,744). 14 Independent examfnèf* remuntrntlon 2020 Exafflinath)n ol the financ￿￿ $latements 1.958 2,640 P49 18 20tss'St9n Oovmnl ID: uTh&U￿avP0YSz-￿￿￿4FLXSlTElF￿rwTOXPTs Grimsby Ice Rink Noles to the Financial Statefflents for the Year Er￿ 31 August 2021 15 Taxation The charity15 a r¢glstered tharity grNd Its actsvities are exwnpt from 18xatioTr. 16 Tanglbl• Ilx•d ass•ts Furnlturn and ¢qulpm•nl T¢)tal Cost At 1 SePt￿ber 2020 Addi1ions 42,653 7.420 42,653 7,420 At 31 August 2021 50.073 50,073 D¥pr￿latIon At 1 September 2020 Charge lor Ihe ye 28.777 9237 28,777 9.237 At 31 AugLtsI 2021 Net book valu• 38.014 38.014 At 31 Augusl 2021 Al 31 Aug￿%12￿20 12.059 12.OS9 13.876 13.876 Included wlthln fixed 3ssets15 an asset pknlg8d a5 ￿e￿￿ty under a hire purtha5e ag￿er￿ wllh a nel book value of £Nil12020. £6.667). IT Stock 2021 2020 Stocks 2,345 P4e 19 Zam Svjn DJtyrn¢r4 ￿. iJThrf£aVp03SZ-WKIZL4FLXSLTEIPKEIW￿7BXPTs Grimsby Rink Moles to the Financial Statements for the Year ErKled 31 August 2021 18 Debtor$ 2021 2020 Trade debtOfS Prepaymènls A¢¢rued income Other d¢blors 3,413 12,699 26,013 359 12.584 191 42,484 12,775 19 Creditors: arnounts falling due t•ithln on¢ ye¥ 2021 2020 Ba￿ loa Trade crediter5 Hire purchase and flnance leases Other taxation and social security Omer f*edltors AtLruals Deferred incw 51.611 18,967 3.321 115 27.462 363 314 23.233 2.266 50,957 Bank borrowlng$ I￿luded within bank tWQWI￿5 is an amowit of £So.0￿ ad¥arKed by companls ban*eFS in re¥pert of Ihe corona￿Tu¥ 8usine5s InlerruptK)n Loan. Thk8 ban is repayaAe in equal instaknenls (wer 60 months ¢0Mm￿C1n9 JLm8 2021, and Intere￿ i8 payable on the loan * a rate o12.$% over base rate. 2021 Resources deferred in the perKyJ 1363 Defeffed inccwe ro1al¢s to ti I"m sales made in •Jv8rK8 IOT Sepiembe¢l O¢tobw W22. 20 Cf•dltors: amounts fallkng du• *ft•r ¢n• y•ar 2021 2020 Bank loans 39.1)38 48,333 Included in the creditors are Ihe fo1￿1ng amounts due 8ftw mNe than fve ￿ar$. 2021 2020 After mcye IhaTh five ￿oIS by inslakn¢nts 8,333 P•Jè 20 Gfimsby Ice Rink Notes to the Financial Statements for the Year Erthd 31 August 2021 21 Obligalions under leases and hire ycha5e c(¥nlr*ts The tolal value of lutwe mirthnLYn lease pay7r￿ts was as f(110￿. 2021 2020 Withln one year 6,486 TlJe8e arnounts are all secLKed upc•) ihe asset lo wr￿ti rnk91e. 22 Funds 8al*¢* at 1 S•pt•mber 2020 Incoming Resourtés Balaneè at 31 •xpended August 2021 Unr•strlct•d General 11.385 163.912 ￿217 6131 42.316 Balance at 1 s•ptern￿r 2019 Incornlng resourcès Resources expended Balance at 31 August 2020 Transfers Unrtstrlctsd General 45.953 158.396 1192.603) 1361) 13611 11.385 R¢s¢rlcled Totsl funds 45.953 192.964 11,385 Paje 21. ZCIYJ &9n Oo¢LrnAI I￿. UT>&￿aVpO3SZ•#lSXL4FLX8LTEIPKE￿X￿TB>S¥Ts Grimsby Ice Rink Notes to the Flnanclal Statements for the Year Ended 31 August 2021 23 Analysis of net assets behveen funds Unr•8trlct•d lunds G•n•ral Total funds at 31 Augilst 2021 Tangtle fixed assets Cutt￿1 assets Currgni liab￿ltieS Credilus over 1 ye•t 12.059 76.929 192.2661 12,059 76,929 (92,2661 39.038 Tolal net assgt$ 42.316 Unrestrfct•d funds General ' Total funds at 31 Au9USt 2020 Tan￿le ffixed assets Current asseis Current Ilabililies Credit¢rs over 1 year 13.876 96,799 150.9571 48.333 13.876 96,799 150,957) 48,333 Total n•t ass•l8 11.385 11.385 24 Anal￿6 of n•t September 2020 Financing eash Ilows At 31 Augugt 2021 Cash at bank and in h￿d Debt due after rrK>re Ihan ￿ y¢ar Fiiance leases and hlrÈ PUTthase contracts 81.679 {48.333) 6.486 47,tJ4 9295 34,445 139,0381 Net debt 31,453 4,593 Ai1 Septembor 2019 Flnanclng cash ¢Iow8 At 31 August 2020 Cash at b8nk and in Debt due vrithin one year Debt after rTh)re Ihan one year lèas•$ and hir• purchase contracts 105.512 (23,833 {1.6671 (48,3331 81,679 {1,6671 (48,3331 6,486 16.216 Nel debl 89.296 25,193 25 Related ￿lty iransacllon5 There were no rdaled party In Its s*8r. Page 22