Oocusign Envelcye ID". 06015294.SmE49974cOo7E0FzEOo19 Company registration number.. 10662971 Charity registration number.. 1175947 Grimsby Ice Rink IA company limited by guarantee) Annual Report and Financial Ststemen15 for the Year Ended 31 August 2022 •A71. 251W2023 CCWPANIES HOUSE A14 Forrester Boyd 26 South Saint MaS Gale Grimsby North Easl Lincolnshire DN31 1LW
Docustqn Enwdcye ID.. D1s294.5AAE49974C9O-DDTEDF2E8Olg Grimsby Ice Rink Contents Reference and Administrative Detsils Trustees. Report 2104 Independent Examinerfs Report Slalement of Financial Activities 6107 Balance Sheet Notes lo the Financial Statements 9t020
Qocusign Envelope 10.. 0601s294-WE49974CDD7EDF2EKIlg Grimsby Ice Rink Reference and Administrative Details Charity Registration Number 1175947 Cornpany Registration Number 10662971 The charity ts incorporated in United Kingdom. 26 South Saint Ma$ Gate Grimsby North East Lincolnshire DN31 1LW Registered Office Independent Exarniner Forresler Boyd 26 South Saint Ma$ Gale Grimsby North East Lincolnshire DN31 1LW Page 1
Docusign Env4w ID". 06015294-SAAE49974C9WDTEDF2E8019 Grimsby Ice Rink Trustees. Report The Iruslees, who are directors for the purposes of ¢Wbpany law. present the annual report together with the financial staternents of the charitabk company for the year ended 31 August 2022. Objectives and activities Objects and aims Grimsby Ice Rink is committed to continuing the w)visN)n of ice swrts for North East Lincoln5hiTe and the surrounding areas. This includes the continuation of Ice Htxkey training and matche5. figure skating training and recrealional skating. Our aims.. To make ice sports accessible for all To increase the nurnber of people enjoying ice sp(Nts To promote a healthier lifeste by the inclusion of people in ice sports To promote the faality for North East Lincolnshire and the wder area ' To expand the ice skating community Fundraising disclosures Grimsby Ice Rink has approached fundraising in a number of way5 these include= Sale of dasher boards as adverbsing to local bUTresSeS. Thts was promoted by emailing local businesses and promoting on social media. Free Ice hockey experience sessions Redd price themed discos Staff do not ask for donations. bul a donations wl is Ihe desk rf PeOe would like to donate Public benefit Grimsby Ice Rink ha5 also enabled more schoo15 and community groups to hi the facility or come to public sessions for a reduced fee. This has led to a nurnber of bookings. Promotions have been offered during Ihe year induding the followng.. Free skate aids during certain holiday periods Free ice skate hire leaflets Free adult with each child on the tols session Social media giveaways of a free family skate Gifts lo schools and lo1 companies of a free family pass to gNeaway The trustees confimi that they have complied with the requirements of seclion 17 of the Charities Ad 201110 have due regard to the public benefit guidance published by the Charity Commission for England and Wales. hievements and performance Grimsby Ice Rink has joined IRMA Ilce Rink Managers AssocialM)n} which acts as a support netsvork of rink5 across the county- This has allowed our staff lo visit other rinks for Iraining and we have also benefited from another manger within the association visiting us for a day lo review how we operate and suggest improvements. We have also benefited Ir¢)m national publicity as ITWS Dancing on Ice has used the rink as a training facility. We have attracted some top level skate coaches who are working wrth the rink and also produciNJ skate camps for our lop skaters. Flnancial review During Ihe year. the Ghaiily has generated a net surplus of £9.323 Nyhich is wholly made up of unrestricted funds. Pa98 2
Docusign Enveknpe 10.. D6015294-SME49974CgKID7EDF2Eg)19 Grimsby Ice Rink Trustees. Report Policy on reserves Reserves are currently in a deficit position of £32.993. Free reserves {excluding fixed assels} are £45.302 in deficit. The charity aims to build reserves to cover al least 3 monlh's of fixed costs. Going ¢on¢ern The charity was heavily impacted by Cowd-19 due to the dosure of ttre rink and reduction in the number of sessions available for an extended period of time. which resulted in reserves falling bnlo a deficit position. In order lo balance the reserves and provide a surplus posrtion the charity has been carfying our the following aclivilies.. - We have introduced branded merchandise for exarnple hoodies and water te$, to try and add to our revenue. - We are working th the staff and advertising. and improving our social media presence. along with aijding olher platforms. - We are working with experienced coache5 to make improvements. - We are applying for further grants which we utilise to support Ihe charity. Al the lime of sign off the charity is recording an in year Surplus which shwld be sufficient lo carry forward positive reserves. This Irend is expected to conts.nue over the next 12 months following the signing of these financial slalemenls. Trustees and officers The trustees and officers serving during the year and nce the year end were as follows.. Trustees.. C Allan J Routh R Newbom Structure. governance and management Nature of goveming document Grimsby Ice Rink is an independent not for profit charrtable eompany limited by guarantee. set up to deliver an Ice Sports facility in and around Nor1h East Lincdnshire. The liabilty in respect of the guarantee is limited to £10 per member of the Charitable company. In November 2017 the company received Charitable status. and adopted a new Artides of Association. Recruitment and appointment of trustees The charitable company has recruited the Iruslees from Ihe Grimsby Ice Rink Community Group, which is a group that consists of skaters, parents and coaches. This was fomied to save the Ice Rink from closure by the Council and prepared a community asset transfer to tske over the running of the facility- The existing trustees have a range of backgrcMJnds and skills that reflect the Charitsble company s operations and wider objecb'ves. Any further recruilmenl of trustees wll follow a process of application ano interview, and subject the final proposal al the appropriate board meeting. a vole is undertaken and the appointment duly reFX)rted. Small companies provision statement This re has been prepared in accordance wth the small companies regime under the Companies Act 2006. Page 3
Docusign En¥doF4 ID". D6015294.sAAE4997-8CDD7EDFZE80lS Grimsby Ice Rink Trustees. Report The annual report was approved by the tnjslees of the charity on 23 August 2023 and signed on its behalf by.. J Roulh Trustee Page 4
OoGvSign Envekpe ID.. D6O15294.WE4997.8C9(KIUItL)gl1¥ Grimsby Ice Rink Independent Examiner's Report to the trustees of Grimsby Ice Rink {'the Compan) I report lo the charity trustees on my examination of the a¢UnIS of the Company for the year ended 31 August 2022. Rèsponsibilities and basis of rèport As the charity's Iruslees of the Company land also ils directOTS for Ihe purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 Ilhe 2006 Acl'l. Having satisfied myself that the accounts of Ihe Company are nol required to be audited urbder Part 16 of the 2006 Act and are eligible for independent examinakn"on. I report in respect of my examination of your charity's accounts as carrted out under section 145 of the Charities Act 2011 {'the 2011 Act.). In carrwng out my exarninab.on I have followed the Directions given by the Charity Commission under section 14515)Ib) of the 2011 Act. Independent examlner's statement I have completed my examination. I confimi that no matters have come to my attention in connection with the examination givir¥J me cause lo believe that in any matertal respect.. 1. aceountsng records were not kept in respect of Grimsby Ice "nk as required by sects.on 386 of the 2006 Act,. or 2. th8 accounts do not accord with Ihose records: or 3. the accotinls do not comply wilh the accounting Tequirements of seclion 396 of Ihe 2006 Act other than any requirement that the accounts give a 'true and fair view whth is not a matter considered as part of an independent examination: or 4. the accounts have not been prepared in accordance wtth the methods and principles of the Statement of Recomrnended Praelice for accounting and retyJrting by charities lapplicable to charities preparing Iheir accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination lo which altention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. arrie Jensen ACA Forrester Boyd 26 South Sainl Matys Gate Grimsby North East Lincolnshire DN31 1LW 23 August 2023 Page 5
Docvsiw Envelope ID." D6O15294-5AAE4997-8C9t0D7EDF2EO0I9 Grimsby Ice Rink Statement of Financial Activities for the Year Ended 31 August 2022 (Including Income and Expenditure Account and Statement of Totsl Recognised Gains and Losses) Unrestricted funds Total 2022 Total 2021 Note Income and Endowments from: Donalions and legacies Charitable activities Other Ir8éing activities Investment income 4,852 210.586 18.959 10 4.852 210.586 18.959 10 71,113 65,756 27.038 Total income 234.407 234.407 163,912 Expenditure on: Raising funds Charitable activities 114.3491 210.735 114,349} 1210.7351 15.0751 1212,5381 Total expenditure 225.084 225,084 217,6131 Nel incomellexpendilurel 9.323 9,323 53.7011 Nel movement in funds 9.323 9,323 153.701 } Reconciliation of fund5 Total funds brought fotM*ard Total funds earried forward 42.316 42.3161 32.993 11.385 20 32.993 42,3161 The noles on pages 9 10 20 fomi an integral part of Ihese financial statemenis. Page 6
Oocuslgn Envdope ID.. o6015294-5AAE49974CDD1E0F3E¥v1y Grimsby Ice Rink Statement of Financial Activities for the Year Ended 31 August 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2021 Note Income and Endowments from: Donations and legacies Chaiitable actsvilies Other trading aclivities Investment income 71,113 65,756 27,038 71.113 65.756 27.038 Total income 163.912 163.912 Expendilure on: Raising funds Charitable activities 15.0751 1212.5381 15.0751 1212.5381 Total expenditure 217.6131 1217,6131 Net expenditure 153,701 53.7011 Nel movemer)l in funds 153.7011 {53,7011 Reconciliation of funds Total fvnds brought f(¥ward 11.385 11,385 Total funds carried forward 20 42.316 42.316 The notes on pages 9 to 20 fomi 8n integral part of these financ1 statements. Page 7
DOcuSn Envelope ID.. 06o15294.SAAE4997-8Cg)-D07EOF2E•1g Grimsby Ice Rink (Registration number: 10662971) Balance Sheet as at 31 August 2022 2022 2021 Note Fixed assets Tangible assets 16 12.309 12.059 cuent assets Debtors Cash at bank arKI in hand 17 18.383 37.122 42,484 34,445 55.505 76.929 Creditors.. Amounts falling due within one year 18 77,316 92.266 Nel current liabilitles 15.811 15.337 Total assets less current liabilities 13,502) 29,491 {3.278) 39,038 Creditors: Amounts falling due after more than one year 19 Net liabilities 32,993 42,316 Funds of the charlty: Unrestricted incorne funds Unrestricted 132,993 142,3161 42,3161 Total tunds For the financial year ending 31 August 2022 the charity was entiued to exemption from audit under sedion 477 of the Comparbies Act 2006 relating lo small companies. Directors. responsibilities- The members have not required the charity to obtain an audit of ils accounts for Ihe year in question in accordance wlh section 476- and The directors acknowledge their responsibilities for complying Nwth the requirements of Ihe Act wslh respect lo accounting records and the preparation of accounts. These financial statements have been prepared in accordance th the special provisions relating lo companies subject to the small compan$ regime within Part 1S of the Companies Act 2006. The financial slatements on pages 6 10 20 were approved by the trustees. and authorised for issue on 23 August 2023 and signed on their behalf by.. 6l2E72F7C6IT&.. J Roulh Trustee The notes on pages 9 10 20 fom an integral part of Ihese financial statements. Page 8
Oocusw Envèk)pe10.. tX015294-5ME49974CgJ-DD7EOF2E8019 Grimsby Ice Rink Notes to the Financial Ststements for the Year Ended 31 August 2022 1 Charity status The charity is limited by guarantee. incorporated in United Kingdom. and consequentty does nol have Share ¢apitsl. Each of the trustees is liable to contribute an amount not exedIng £10 towards the assets of the chartty in the event of liquidation. The address of ils registered office is: 26 South Saint MaS Gale Grimsby North East Lincolnshire DN31 1LW These financial statements were authorised for issue by the trustees on 23 August 2023. 2 Accounting policies Surnmary of signlficant accounting pollcies and key accounting estlmates The principal accounting wlicies applied in the preparation of these financial statement5 are sel out below. These policies have been consistently applied to all the years presented. unless otherwise ststed. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Slatement of Recommended Practi applicable to charits.es preparing their accounts in acwrdance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 102) leffective 1 January 20191 (Charities SORP IFRS 10211, the Financial Reporting standard applicable in the UK and Republic of Ireland IFRS 1021. They also comply with the Companies Act 2006 and Charities Acl 2011. Basls of preparatlon Grimsby Ice Rink meets Ihe definilion of a public benefit enlty under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherw5e staled in the relevant accounting policy notes. The financial statements cover the individual entity. Grimsby I Rink. The financial statements are presented in steding and rounded lo the nearest pound. Going concern Specilically in connection with the current economic climate. the trustees have considered the irnpact of COVID-19 on the charity and they are satisfied fhal the charity has sufflent ffnancial headroom lo contr.nue trading lor al least the next twelve month5. Cashflow forecasts have been prepared and management accoLJnts look in a more lavorable position in the next financial year. For this reason Ihe financial statements have been prepared on a going concefn basis. Income and endowments All income is Tecognised once the charity has enbllemenl to the income. it is probable that the income will be received aThd the amount of the income receivable can be measured lIablY. Donations and legacies Donations are recognised when Ihe chanty has been notified in writing of both the amount and setilemenl dale. In the event Ihal a donation is subject lo conditions that require a level of perfomiance by the charity before the charity is entilled to Ihe funds. the income is deferred and not recognised until either those conditions are lully mel. or the fulfilment of those conditions is wholly wilhin the control of the Charily and it is probable that these conditions 11 be fulfilled in the reporting peri¢yJ. Page 9
0$Jn En¥ek¥)g10. OFQ15Z94-5mE499FtsS¥j-vLIKtr2tvjY Grimsby Ice Rink Notes to the Financial Statements for the Year Ended 31 August 2022 Grants recelvable Grants are recognised when the charity has an eniitiement to the funds and any condilions linked to the gr8nls have been mel_ Where perlormance conditsons are attached to the grant and are yet to be mel. the income is recognised as a liability and included on the balanc¢ sheet as deferred income to be released. Deferred Income Deferred income represents amounts received for future periods and is released to incoming resources in the period for which. it has been received. Such income is only deferred when". - The donor specifies that the grant or donabon musl only be used in fvture aecountirKJ periods; or - The donor has imposed conditions which musl be mel before the charity has unconditional entillement. Investment income Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. Expenditure All expenditure is recognised once there is a legal or constructive obligation lo that expenditure, il is probable settlement is required and the amounl can be measured reliabjy. AJI costs are allocated lo the applicable expendilure heading Ihat aggregate similar costs to that category. Where cosls cannot be directly allribuled to particular headings they have been allocated on a basis consislenl with the use of resources. with cenlral staff costs allocaled on the basis of lime spent. and deprecialion tharges allocated on the portion ol the asset's use. Other support costs are allocated based on the spread of stsff costs. Raislng funds These are costs incurred in attracting voluntary Income. the management of investmgnls and those incurred in trading activities that raise funds. Charitable activitigs Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for Ils benefIarles. It includes both costs that can be allocated directly Io such activities and Ihose costs of an indirect natuie necessary to support them. Support ¢o$ts Support cosls include central functions and have been allated lo activity cost categories on a basis consistent wilh Ihe use ol resources, for example. allocating propety costs by floor areas. or per capita. staff costs by the lime spent arKI other sts by their usage. Governance costs These include the c05t5 attributable to the charity's compliance with constitutional and 51atulory requirements, includin9 audit, strategic management and trustees meetings and ieimbursed expenses. Government grants Government grants are recognised based on the accrual model and are measured at the fair value ol Ihe asset received or receivable. Granls are classified as relating either to revenue or lo assets. Grants relating lo revenue are recognised in income over the period in which the related costs are recognised. Grants relating lo assets are recognised over the expected useful life of the asset. whe part of 8 grant relating to an asset is deferred, il is recognised as deferred income. Page 10
Docusign EnvdcpÈ10". 06015294.5AAE4997-8C9O7EDFzEoO19 Grimsby Ice Rink Notes lo the Flnancial Statements for the Year Ended 31 August 2022 Taxation The charity is considered lo pass the tests set out in Paragraph 1 Schedule 6 of the Finance Acl 2010 and therefore il meets the definition of a charitable company for UK corporation lax purposes. Accofdingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, 10 the exlenl that such income or gains are applied exclusively to charitable purpose5. Tangible fixed assèts In¢Jividual fixed assets costing £500.00 or more are initi.ally recorded al cost. Depreciation and amortisation Depreciation is provided on tangible fixed assets so as lo write off the Cost or valuation, less any estimated residual value, over their expected useful ec¢Momic life as follows- Assèt class Office equipment Plant and machinery Dèpreciation rnethod and rate 20°A straight line 20°h straight line 133% str8ight line Trade debtors Trade deblors are amounts due from customers for merchandise sohj or services performed in the ordinary course of business. Trade debtors are recognised initially al the transaction price, less provision for impairrnent. A provision for the impaimient of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according lo the original lems of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits. Trade creditors Trade creditors are obligations to pay for gwds or services Ihal have been acquired in the ordinary course of business from suppliers. kcounls payable are dassified as current liabilities if the charity does not have an unconditional right. al the end of the reportin9 periCj. lo defer settlement of the creditor for at least e1ve months after the reporting date_ If there is an unconéilional right to defer setuement for at least iwelve months after the reporting dale. they are presented as non-currenl liabilities. Trade creditors are recognised at the transaction prFce. Fund structure Unrestricted income funds are general funds that are avaiL4ble for use al the Irustees discretion in furtherance of the objectives of the charity. Reslrieled funds must only be used for a specific purpose. Page11
05n Envdopo ID.. 06015294-SME4997-8C9FDD7EI)F2E19 Grimsby Ice Rink Notes to the Financial Ststements for the Year Ended 31 August 2022 3 Income from donations and legacies Unrestricted funds General Total 2022 Donats'ons and legacies., Donations from individuals Grants. including capital grants: Govemmenl grants Grants from other charits.es 1.185 1.185 2.667 1.000 2,667 1,000 4.852 4,852 Unrestricted funds General Total 2021 Donations and legacies- Donatsorls from individuals Grants, including capital grants., Government granls Grants from other charities 1.330 1,330 69.283 500 69.283 500 71,113 71,113 Included within government grants are amounts relating lo Coronaviws Job Retention Scheme lolalling £nil 12021.. £49.1131 and North East Lincolnshire Council Coronavirus small business grants of £2.66712021= £20.1701. 4 Income from charitable activlties Unrestrlcted funds General Total funds Ice rink operation. 210.586 210,586 Tolal for 2022 210.586 210.586 Total for 2021 65,756 65,756 5 Income from other tradlng activities Unrestri¢ted funds General Total funds Trading income" Sales of goods and services 18,959 18.959 Total for 2022 18,959 18,959 Total for 2021 27.038 27,038 Page 12
Docusign Envelo ID.. 01$29¥sAAE4s97-8C>O07EDF2E80I9 Grimsby Ice Rink Notes to the Financial Statements for the Year Ended 31 August 2022 6 Investment Income Unreslri¢led funds General Total funds Inte$1 receivable and similar income- Interest receivable on bank deposits 10 10 Total for 2022 10 10 Total for 2021 7 Expenditure on raising funds al Costs of trading activltles Unrestricted funds General Total fund5 Note Costs of goods sold 14,349 14.349 Total for 2022 14,349 14,349 Total for 2021 5.075 5,075 8 Expenditure on charitable activities Actlvity undertaken directly Activity support costs Total expgnditure Ice rink operation 165.548 45,187 210,735 Total for 2021 155.764 56.774 212.538 Page 13
thxuSwJThÈrtw•welts thll52544vE47rkjFEDFIElg Grimsby Ice Rink Notes to the Financial Statements for the Year Ended 31 August 2022 9 Analysls of governance and supportcosts Support costs all¢xated to tharitabh xiivths Prem15es costs Goveman¢• Athinisty•iion ifftcludin9 costs deprecial¢on other support )sts Total 2022 locatk)n I operation 3.345 21.525 PTèmiS•S C05t including depreriation 316 45.187 Othvr support Governanc• fvAlministriityi Total 2021 8•5r& of l¢e Dnk overa¢¥ 5.885 38,869 72 $6.774 P> 14
OoGuSign Envekjpe 10.. 06015294-5AAE49974CWD7ÉDF2E8019 Grimsby Ice Rink Notes to the Financial Statements for the Year Ended 31 August 2022 Governance costs Unrestricted funds Genoral Total 2022 Independent examiner fees Examination of Ihe finanoal statemenls Legal fees 2.188 1,157 2.188 1,157 3,345 3,345 Unreslrided funds General Total 2021 Indepen(lenl examiner fees Examination of the financial slalements Legal fees 1.958 1,595 1.958 1,595 3,553 3,553 Page 15
DoJJSign Env4¢pE 10.. 06015294.SME4997-ecg>oD7EDF2EW19 Grimsby Ice Rink Notes to the Financial Statements for the Year Ended 31 August 2022 10 Government grants Funding received Irorn NELC in the current year whi15t 2021 relates lo Lrfetsme Training Apprenticeship Grant, NISA Local Grant and a NELC Corona Virus Small Business G@nt. The amount of grants recognised in the financial stslemenls was £2,66712021- £69.2831. 11 Net Incomingloutgoing resources Net incominglloulgoing} resources lor the year kndud&- 2022 2021 Operaling leases - plant and mathinery Depreciation of fjxed assets 23.998 2.840 23,998 9.237 12 Trustees remuneration and expenses No trustees. nor any persons connected with them. have received any MUneratIon from the charity during the year. No trustees have received any reimbursed expenses cff any other benefits from the charity during the year. 13 Staff costs The aggregate pawoll costs were as follows.. 2022 2021 Staff costs during the year were: Wages and salaries Social security costs Pension costs 81.124 1.494 871 80.988 552 706 83,489 82,246 The monthly average number of persons (indudiro senior management team} employed by the charity during the year was as follows.. 2022 No 2021 No Charitable support staff No employee received emoluments of more Ihan £60.000 during the year. . The lolal employee benefits of the key management personnel of the Charity were £21.089 (2021- £20.2441. 14 Independent examiS rgmuneration 2022 2021 Examination of the financial Statements 2.188 1,958 Page 16
DocuSvJn Enveknpe ID.. D8015294-5UE4997-8CY>007EOF2E8019 Grimsby Ice Rlnk Notes to the Financial Statements for the Year Ended 31 August 2022 15 Taxatio The charity is a registered charity and 115 activities are exempt from taxation. 16 Tangible fixed assets Furniture and equipment Total Cost Al 1 September 2021 Additions 50.073 3.090 50,073 3.090 Al 31 August 2022 53,163 53.163 Oepre¢Sation Al 1 September 2021 Charge for the year At 31 August 2022 38,014 2,840 38,014 2,840 40,854 40.854 Net book value At 31 August 2022 12,309 12.309 Al 31 August 2021 12.059 12,059 Included within fixed assets is an asset pledged as security under a hire purchase agreement with a net book value of £NIl12D21.' £Nil). Page 17
Docusign Envelope ID." D6015294-SME49974QJ>DD7EDF2E8019 Grimsby Ice Rink Notes to the Financial Statements for the Year Ended 31 August 2022 17 Debtors 2022 2021 Trade debtors Prepayments Accrued income Other debtors 5.130 12,768 3.413 12.699 26.013 359 485 18.383 42.484 18 Creditors: amounts lalling due within one yoar 2022 2021 Bank loans Trade Cieditors Other taxation and social security Other Creditors Accruals Deferred income 9,394 39.703 1.958 231 19.188 842 9,394 51.611 3.321 115 27,462 363 71.316 92.266 Bank borrowlngs Included within bank borrowings is an amounl of £50.1)00 advanced by the company's bankers in respect of the Coronavirus Business Interruption Loan. This loan is repayable in equal snstalments over 60 months commencing June 2021. and interest is payable on the loan al a rate of 2.5% over base rate. 2022 2021 Defer income at 1 September 2021 Resources deferred in the period Amounts released from previous periods 1363) 1842) 363 1363) Deferred income at year end 1842 1363 Deferred income relates to ice time sales made in advance. 19 Creditors: amounts falling due after one year 2022 2021 Bank loans 29.491 39,038 Page 18
Oocusw Envewe ID.. Dels294-SAAE4s97COO7EDFzEKIlg Grlmsby Ice Rink Notes to the Financial Statements for the Year Ended 31 August 2022 20 Funds Balance al 1 September 2021 Incoming resources Re50ur¢es expended Balance at 31 August 2022 Unrestricted General 42.316 234.407 225 0841 32.993 Balan¢• at 1 September 2020 Incoming iesources Resources expended Balance at 31 August 2021 Unrestrlcted General 11.385 217.613 42.316 21 Analysis of net funds September 2021 Financing cash flows At 31 August 2022 Cash al bank and in hand Debt due within one year Debt due after more than one year 34.445 192.2661 39.038 2.677 20.950 9,547 37,122 (71.3161 29,491 Net debt 96,859 At1 September 2020 33,174 63,6851 Financing cash flows At 31 August 2021 Cash al bank and in hand Debt due within one year Debt due after more than one year 81,679 150.9571 48.333 147,2341 141,309 9.295 34.445 192,2661 139,038 96.859 Nel debt 17.611 79.248 22 Related party transactions During the year the charity made the followng related paty transactions.. Jo Routh - Business Accountancy SeNices (Trustee) A total of £360 was paid to the business as recharges for tT software. The transactions are carried out al Cost wilh no benefit to the related party. Al the balance sheet date the amount due to Jo Routh - Business Accountancy Services was £4012021 - £Nill. Page 19
Do¢uSign nvelOPe IU.. ubUl>k¥44lWt4l4Su1f&L•VI¥ Grimsby Ice Rink Notes to the Financial Statements for the Year Ended 31 August 2022 23 Analysis of nel assets between funds Unrestricted funds General Total funds at 31 August 2022 Tangible fixed assets Current assets Current liabilities Credilors over 1 year 12,309 55,505 {71.3161 29,4911 {32,993 12,309 55,505 (71.3161 29.491 Total net assets 32,9931 Unrestricted funds General Total funds at 31 August 2021 Tangible fixed assets CulnI assets Current liabilitses Creditors over 1 year 12,OJf9 76,929 (92,2661 39,038 12.059 76.929 192,2661 39,038 Total net assets 11 42,316 42.316 Page 20