Docuswn Envelope ID.. 05092BEGOE07487&87FfWMI Company lStraI60Th number.. 10662971 Charity registration number. 1175947 Grimsby Ice Rink (A corryany Iwnited by guarnntee) nual Report arKI Financial Ststements for the Year Ended 31 A$1 2023 111111111 •)gHT81¢ *221 COMPNNIES PIOUSE Forrester Bo 26 South Sl. Marrfs Gate Grimsby North East Lincolnshire DN31 1LW
Docusw Envew ID.. a92BEC074B7647FLL1O4C6oOS1 Contents Reference and Administrative Details Trustees, ReF4)rt 2104 Independent Examinefs Report Sfalemgnt of Financial Adiwties 6t07 Balan Sheet Notes to the Finaal Ststements 91019
DocusvJn Envew ID.. 05O928EGOE074B7&B7FL3AA84c6B0Ds1 Reference and Administrative Details Charity Reglstration Number 117594T Company Reglstration Number 10662971 The tharity is irthrporated in United I(n. 26 South St. MarS Gate Grimsby North East Lincolnshire DN31 1LW Reglstered Office Independent Examimr Forrester Boyd 26 South St. Marls Gate Grimsby North East LinccAnshire DN31 1LW
O¢¢u$kJn Envdope ID.. 05092BECE074B781F0Ql84Cfi8ODsl Trustees. Report The Iruslees, who a d1CtOrS for the purposes of company law. presenl the annual rekY)rt tcgether with the financial statements of the charitsble company for the year ended 31 August 2023. Objectlves and activities Objects and alms Grimsby Ice Rink is Committed to conb"nuing the provision of ice sports for North East Lincolnshire and th9 surrounding areas. This includes Ihe continuation of Ice Hockey training and malches, figure skating training and recreational skats"ng. Our aims= . To make ice sports accessible for all ' To increase the number of people enjoying ice SFthy ' To promote a healthier lrfestyg by Ihe inclusK)n of people ffj ice Spts ' To promote the facility for North East Lincolnshire and the wmler area To expand the ice skatin9 community Fundraising disclosures Grimsby Ice Rink has approad*d fundraing wi a mber of way3 these indude: . Sale of dasher boards as adverti%ing to kxal businesses. This was pr(rnled by emailing local businesses and promoting on s¢xial media. Free l¢e hockey experience sessions . Reduced price themed discos . Staff do r1 ask for donations. but a donabons pot is on Ihe desk rf people would like to donate Publ1¢ beneflt Grimsby Ice Rink has also pJ)abled MO schools and wmmunity groups lo hire the facility or come to public sessions for a duced fee. This has led to a number of Ioki1vj$. Promotions have been offered during the year includin9 the fdlwing: Free skate aids during rtain hdiday periods Frge ice skate hire leaflets Free adutt with each child on the tots $8ssK)n Social media giv8awayE of a free family skate . Gifts lo schools arKI local u)mwNes of a free family pass to giveaway The Iruslees confirm that they have complred wilh the requirements of seclion 17 of the Chalities Act 2011 to have due regard lo the pub4c benefit guanCe published by Ihe Charity Commiss f England and Wales.
Docl9n Envekjpe to.. o50928EGOE074B7TFLL&4c68co5I Trustees. Report Achiovom•nls and perfomance As a charity we feel this year has been a tumiThJ point lo gNe us the opportunity lo grow. The last few years have been pulling the rink bad( to the position we were before covid hit. We have increased ow annual profits aNJ strengthened our reserves and continue lo do so over the fclk)wng year. We have increased the number of figu skate coaches which also has increased our skill levels and expertise. Alongside our skate UK and to skate h(Kkey courses, we have also introduced our Ice Thealre Group. whith allows the skaters to introduce perfomiance and leam to their skating skills. We have run a higher number of drfferenl skate (amps a¢xoss Ihe yEar. Ths includ8s Hockèy Camp, Summer development camp. alongside Mark Hanretys amual skate camp. Our figure skaters are increasing improving rapKlly from the introductrI of new coaches. and we are seeing a record number of skater perfomiing in national CompetitiS whth has also seen the syncro team partnered with Hull Ice Rink achieve 8rilish champ Status. For Hockey. we continue lo grow and expand wr teams. We have also seen one of our adult rec team win the European Pond Hockey Toumament. and the cffily team from the UK to enter. Going fomard, we are continuing to inueasè foottall. increase sales aThJ strengthen our reserves. We are continuing to work with a number of spe(ialists who havo been a massive support over the years since we took ownership of the rink. This includes working wrth an Ice Rink Speaalist to help create a plan to maintain and improve the rink, and the options we have available. Workn'ng wrth figure skating specialists to improve the Iraining and support to the skaters and also workn'ng with the Hockey teams lo improve the skating technique and promote the sport to increase their numbers. Flnancial r•view Policy on reswves Reserves are currenlly in a surplus poS"0n of £22.949. Free reserves lexduding fixed asselsl are £10.962 In surplu5. The charity aims ¢0 buikl reserves to cover at least 3 month's of fixed costs. Going ¢oncem The charity wa5 heavity impacted by Cowd-19 due to the dosure of the rink and reduth'on in the number of session5 available for an exiended peritsj of time. wfiich resutted in reserves falling into a deficit SItion. In order lo balance the reserves and provide a SU1v$ position the charity has been caTTring OUT the f01hing aclivilies.. - We have introduced branded merchandise for example Iwdies aTrJ water botlles. to ty and add to our revenue. - We are working with the stsff a1 advertising. and improwng our Social media eSen, al¢)ry with adding other platforms. - We are working with experienced coathes to m*9 improvements. - We are applying for luither grants which we utilise to Supp the charity. Al the time of sign off the Charity is rectyding an in year surplus which should be sufficient to cary forward positive reserves. This trend is expected lo conlinue over the next 12 monlhs fdl¢>wing the signw of these financial slalemenls. Trustees and offi¢ors The trustees and offieers serving during the star antl since the year end were as follows". Trustees.. C Alan J Routh
En)* ID.. 050928EC-OE074B7&B7FoaAM4C680D51 Trustees. Report Structur•. governan¢¢ and management Nature olgoverning document Grimsby Ice Rink is an independenl rK>t for profft dwritable conyny k'mile(I by guarantee. set up to deliver an Ice Sports facility in and around North East LInlnShire. The knabifty in respect of the guarantee is limited lo £10 per member ol the Charitable company. In November 2017 the company receNed charitaNe stalus, and a¢Jopte(l a new ArtiCS of Association. Re¢ruitment and appolntment of trustees The charitable company has recruited the trustees from the Grimsby lee Rink Communtty Group, Nthich is a group that consists of skaters, parents and Coaches. This was fomed lo save the lee Rink from Closu by the Council and prepad a community asset transfw to tske over the runniThJ of the facility. The existing Irusleos have a range of background5 and skills that refle¢t the Charitsble companls operations and wider objectives. Any further reuuitment of trustees will follow a process of application and interview, and subject the final proposal at the appropriate board mgetsng. a vote is undertaken ar the apwntment duly reported. Small ¢ompanl¢$ provision $tat•ment This report has been prepad in accordance with the small companies regime urKler the Companies Act 2006. The annual report was approved by the trustees of thg tharity on 5 August 2024 and swJned on its behaW by. SW¢dbr. J Routh Trustee
Docusn Envebpe ID.. 05Q928EC-tE074B7687FICI Independent Examinerfs Report to the trustees of Grimsby l¢e Rink (Ihe Cornpan) I report lo the charity trustee5 on my examination of the accounts of the Company for the year ended 31 August 2023. Responslbllities and basls ol report As the charity's trustees of the Company land also its directors for the purKM)ses of company lawl you are responsible for the preparation of Ihe accounts in accordance wth the requirements of the Companies Acl 2006 I'the 2006 Acl'l- Haviry satisfied mysell that the accounts of the Company are not required to be auditèd under Part 16 of the 2006 Acl and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Act.). In Carng out my examination I have followed the Oirections given by the Charity Commisgon uThJer sedKsn 1451Sllb) of the 2011 Act. Independent examlnerfs statement Since Grimsby Ice Rink's gross income exceeded £250,CM)) ul examiner must be a member of a body listed in section 145 of the 2011 Act. I confimi that l am qualffied to undertake Ihe examinabon because l am a rnember of Forrester Boyd. which is one of the listed bcwjies. I have completed my examination. I confirm that no matters have Come to my attention in connection wth the examination giving mg cause to bdieve that in any material respect 1. accounting records were not kept in respecl of &imsby Ice Rink as required by section 386 of the 2006 Act,. or 2. the accounts do not accord those recoryls.. or 3. the a¢counls do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair Vie whith is not a matter considered as part of an independent examinaon' or 4. the accounts have not been prepared in accordance wih the methods and pllnaples of the Ststement of Recommended Practice for accounting and reporling by charities lapplicable lo charities preparing their accounts in accordance with the Finan¢ial Repon9 Standard applicable in the UK and Republ of Ireland IFRS 10211. I hava no concerns and have come auoss no other matters in nneCt)n wlh the examinatK)n to which attentson should bè drawn in this report in order to frnable a proper LbfKlerstsnding of the accounts to be reached. Carrie ensen Forrester Boyd 26 South Sl. Marls Gale Grimsby North East Lincolnshire DN31 1LW 5 August 2024
Docu$wJn Erwebpe ID.. os0928EEo7487B7Rfj4c68s1 Statement of Financial Activities for the Year Ended 31 August 2023 (Includlng Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Total 2023 Total 2022 Income and Endowments trom: Donations and lega¢ies Charitabk activities Other trading actiwties Inveslmenl income 4.852 210.586 18.959 10 259.735 23.676 382 259.735 23.676 382 Total inc4Jme 284.577 284,577 234,407 Exp•nditure on: Raising funds Ch8ritsble actr'vilies (19.7171 208.918 119.7171 208.918 {14,3491 210,735 Tol81 expenditure Nel income 228.6351 228.635 1225.084 55.942 55.942 9.323 Nel movement in fvnds 55,942 55.942 9,323 Reconcillation of funds Total funds Ixought forward Totsl funds carried foAvard 32.993 32,993 42,316 19 22,949 32.993 The notes on pages 9 to 19 f(7 an integral part of these financial ststements. Page 6
I)r1g Erweknp ID.. 050928EC-cE07487647FIA6¢Cl Statement of Financial ktivities for the Year Ended 31 August 2023 (Includlng Income and Expenditure A¢¢ount and Statement of Total Re¢ognl$ed Galns and Losses) Unrestrlct•d . funds Total 2022 Income and End¢>wmgnts from: Donations and legacies Charitsble activities Other trading aclivilie5 Inveslmenl income 4,852 210.586 18.959 10 4.8S2 210.586 18.959 10 Total Income 234.407 234.407 Exponditure on: Raising funds Charitsble adivities 114,3491 210,735 114,3491 210,735 Total expenditure {225,0841 225,084 Nel income 9,323 9,323 Net movemenl in fijnds 9,323 9.323 Reconclliation of fund$ Total funds brought forward Tot81 ftjnds carried forward 42.316 42,316 19 32,993 32,993 The notes pages 9 to 19 fonn an integral part of these finanual stslemenls. Page 7
OCugn E*1Pol. 05092BEC41ED74B7fA7FI>&w4C68l (Registration number. 10662971) Balance Sheet as at 31 August 2023 2023 2022 Note Fixed assets Tangible assets Current a$$ots Oeblors Cash al an¢J in hand 15 11,987 12,309 16 11.246 51,962 18,383 37,122 63,208 55.505 Credltors: Amoun¢$ falling duo withln one y•ar Net current a58etsllliabilities) Total assols 19$$ ¢UTr•nt liabllities 17 32.542 71.316 30.666 15.811 42.653 {3.5021 29,491 Crèditors: Amounts falling due aft•r more than one y•ar Not asso1111ablIltIe5) 18 19.704 32.993 Funds of the ¢harity: Unrestricted income fund$ Unrestricted 22.949 32.993 Total fund$ 19 32,993 For the financial year ending 31 August 2023 th6 charity was entilled io gxemplion from audit under section 477 of the CLxnpanies Act 2006 relating to small MpanIes. Oire¢tors' rosponsitrmlities.. The members have required the chwity to obtsin an audit of its accounts for the year in question in accordance with section 476.. and The directors acknowledge iheir responsibilities for Cping wilh the requirements of the Act %wth respecl to accounting records and the preparatn of accounts. These financial slalemenls have been prepared in accordance wilh the speaal provisk)ns relating lo companies subject to the small companies re9ime wthin Part 15 of the Companies Act 2(X)6. The financi81 statements on pages 6 10 19 were apFwved by the trustees. and authorised for issue on S August 2024 and signed on their behalf by.. $werfby." ..8472FAILT47y:." "' J Roulh Trustee The Motes on pages 9 to 19 lomi an rfttegral part of these fin8noal stslements. Pa9e 8
Docusign Envety)o ID: 05092BEGOE074B7647Fl>3Ml Notes to the Finan¢ial Statements for the Year Ended 31 August 2023 1 Charlty $tstus The charity is limiled by guarantee, inwporated in United KNwdom. and consequenlty does not have share capitsl. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the Charity in the event of IK4uidati(y). The address of its registered office is= 26 South St. Maws Gate Grimsby North East Lincolnshire DN31 1LW These financAal statements were authorised issue by the trustees on 5 August 2024. 2 Accountlng pollcles Surnmary ot significant accounting policles and key accounting estimates The principal accounting policies aPled in the preparation of these financial ststements affj set out tetow. These policies have been consistently applied to all Ihe years presented. Un5$ othewse stsled. ststemont of compli4n¢e The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Stalement ol Recommended Pracb"ce applicable lo ¢haribes preparing their ac¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republi¢ of lieland IFRS 102} (effective 1 January 2019) - (Charrties SORP IFRS 10211, the Finanaal Rep(¥ting Standard appliLxble in the UK and Republic of Ireland {FRS 1021. They also comply with the Companies Act 2006 and Ch8rits Act 2011. Basis of preparailon Grimsby Ice Rink meets the definitson of a public benefrt entity under FRS 102. Assets and liabilities are inrtially recognised at historical cosl oi IransaclK)n value unless otherwise stated in the vant accounting policy notes. The financial stalements cover the individual ents"ty. Grimsby l¢ Rink. The financial statements are presented Sterf9 arKI Ttwnded lo the nearesl kund. Golng concarn The financial statements have been prepared on a going cOnM basis. The trustees assess whether the use of gomg concem is appropriale i.e. whelher there are any material uncertainties related to events or conditions that may cast significant doubl on the ability of the charity to continue as a going concern. The trustees make this assessment respect of a pexI of e year from the dale of approval of the financial ststements. Income and endowments AJI income is recognised once Ihe tharity has enternenI to the incomp. is probable that the income WUI be received and the amount of the incomg receivable can be measured reliabty- Donatlons aftd lega¢les Donations are recognised when the ¢harity has been notified in wribng of both the amount and settlement date. In the event that a donation is subject to condktions that require a Ve1 of perfomiance by the tharity belore the charity is enlitjed to the fvnds. the income is defetted and not recognised until either those conditions are lully met, or the fuifilment of those conditions is olty within th8 control of lh8 chanty aThJ il is probabk that these conditions will b& fulfild in the reporting period. Page 9
Dc¢usign Efi¥e ID.. 05(Ya2BEtrOE074B7M7FIF3m84C1 Notes to the Financial Statements for the Year Ended 31 August 2023 Grants receivable Grants are recognised when Ihe charity has an enliuemenl to the funds atxl any conditions linkeJJ lo the grants have been met. Wheie perfom)ance o)nditions are attached to the grant and are yet to be met. the income is recognised as a liability an(J indu(Jed on the balance sheet as deferred income to be reased. Deferred income Defeed incowne represents amounts received for future pericKJs and is rdeased to incoming resources in the perd for which, il has been received. Such income is ¢)nly deferred Wn. - The donor specifies that the grant or donab'on must onty be used in future accounting periods.. or - The donor has imposed condit1S which must be met beth the charity has untsJndit#)nal errtiuement. Investmenl income Dividends are recognised once the thvidend has bwi dedared nOtifi(3n has been ¢¢IVed of the dividend due. Expenditure Al expenditure is recognised once there is a legal or constructive oblWi¢M lo that expendtture, it is probable settlement is required and the amount can be measured llabty. AJI $ts are allOted lo the applicable expenditure heading that aggregate similar cos15 to that category. Where costs cannot be directly attributed lo particular headings they have been allocated on a bass consistent 1h the use of resources. with central slaff sts allocated on the basis of time spent, and deprecialion charges alkled on the portion of the 85sefs use. Other support costs a aliocaled based on Ihe Spad of staff costs. Ratslng funds These are costs incJJrred in altractirKJ voluntsry incle. the management of investments and ItK)se inCud in Irading activities that raise funds. Charitable actlvlties Charitable expenditure comprises those costs incurr¢d by the charity in the delrvery of ils activities and seNices for ils beneficiaries. 11 indudes both costs that can be albcatod direcuy to such activities and those costs of an indirect natLbre necessary lo supp¢)rt them. Support ¢osts Support costs include central fUnctS and have been alkated to activity cost categories on a basis cimsistent w(th the use of SoUrCes. for ex8mple. allocating Property fX)sts by fic*Jr areas. or per capita. staff costs by the lime spent and other costs by their usage. Govemance costs The$8 include thg Costs attributable lo the thariws corn18n¢e vrilh constitutional and statutory requirements. including audrt. strategic management and trustees meetings and reimbursed expenses. Gov•rnm•nt grants Govemmenl grants a recognisetl based on the accNal model arKI a measured at the fair value of the asset received or receivable. Grants a dassffied as relating either to revenue or lo assets. Grants relaling to revenue are recognised in income over the period in whth the related costs are rec(yJnised. Grants ielating to assets are recognised over the expected useful life of Ihe asset. Where part of a grant relating to an asset is deferred. il is recognised as deferred income. Taxatlon The charity is considered to pass the tests set out in Paragraph 1 Sthedule 6 of the Finance Acl 2010 and therefore it meets the definilpon of a charitable company for UK cowation tax purposes. Accordingly, the charity is potentially exempt from taxalion in Tespect of income or capit31 gains received within categories covered by Chapter 3 Part 11 of the Corporatn Tax Act 2010 or Seclion 256 of the Taxation of Chargeable Gains Act 1992, to the exlenl that such income or gains are applied exclusively to chtsbIe purposes. Page 10
Docuslgn En¥*Jpe Tr. 11SJ92BEG0E074877FO-3AII4C6B(K?5l Notes to the Financial Statements for the Year Ended 31 August 2023 Tanglble flxod assets Individual fixed assets cosl¥u £5cKI.00 or more are inilially recorded at cost Depr¢ciatlon and amortlsation Depreciation 15 providefj on tangible fixed assets 50 as to wrile off the cost (K ValuatTr, s9 any estimated residual value, over their expected useful economic life as folk)ws: Asset class Office equipment Plant and machinery Depreclatlon method and rate 20% straight line 20% Strah1 line 133% stralght line Trade debto Trade debtors 8re amounts due from cUstoT5 for merchandise sokl services performed in the ordinary course of business. Trade debtors are recognised inrfiamy at the transxkn price, kess provision for impairment. A provision for the impairment of trade deblofs is estsbli5hed when the is obje¢live evKlenc& that the tharity wll not be able to collect all amounts due according lo the original terms of the receivables. Cash and cash equivalents Cash and cash equivaknts comprise cash on hand and call dep)sits. Trad• ¢redilors Trade creditors are obligations lo pay for ty)od$ or services that have been acquired in the ordinary Course of business from suppliers. Accounts payable are Classif as current liaknlities if the charity does not have an Ltnconditional right, at the end of the reporb.ng perKxI. lo defer settlement of the creditor for at least fvlelve months after the reporting dale. If there is an uncondrtional right to defer setuement for at least 1ve months after the reporting dale, they are presented as non<urrent liabilibes. Tfade creditors are reccwJnisfjd al the transaction prio. Fund $tructur• Unreslricled income funds are general fund5 that are availabte for us& at the tnjslees diserebon in lurther8n¢e of the objectives of the charity. Reslricled funds musl be used for a $peafic purpose. Page 11
Do¢us*n Enveb)pe ID.. 05092BEC41E07487647FI%W44C680D51 Notes to the Financial Statements for the Year Ended 31 August 2023 3 In¢om• from donations and legacies Unr•strl¢ted funds Genernl Total 2023 Donations and legaes. Donations from indNiduals Grants. including capital grants.. Govemment grants 563 563 221 221 784 Unrestricted funds General Total 2022 Donations and legacies., Donations from indivi¢Yuals Grants. including cap(lal grants.. Govemment grants Grants from other charities 1,185 1.185 2.667 1,000 2,667 1.000 4,852 4,8S2 Included Wblhin govemment grants are aMjts relab"tVJ to coronaruS Job Retention Scheme tolalling £nil 12022= £nill and North East Lincolnshire Council Coronawws small bJsiness grants of £221 12022.. £2,667). 4 Income from charitable adivltie$ Vnrestri¢t¢d funds G•n•ral Total tund$ Ice rink operation 259,735 259,735 Totsl for 2023 259,735 259,735 Total for 2022 210,586 210,586 S Incom• from other trading activltl¢$ Unrestrl¢ted funds General Total funds Trading income.. Sales ol g¢>)ds and services 23.676 23,676 Total for 2023 23.676 23.676 Totsl for 2022 18.959 18.959 Pwje 12
Erwthope ID.. (92BEc-OE074e7M7FIWA84C5l Notes to the Financial Statements for the Year Ended 31 August-2023 6 knveslment Income Unrestrlcted funds General Total funds Interest reCeiV*e and similar income.. Interest receivable on bank deposits 382 382 Total for 2023 382 382 Total for 2022 10 10 7 Expenditure oft ra5sing funds a) Costs of trading a¢tivltles Unrestricted funds General Total funds Note Costs of gocds sold 19.717 19.717 Total for 2023 19.717 19,717 Total for 2022 14,349 14.349 8 Expendltur• on charitable acll¥ttOe$ Adivlty undertaken directly A¢tivity support Costs Total expenditure Ice rink operation 158.822 50,096 208.918 Totsl for 2022 165.548 45.187 210,735 Page 13
Ntstesto thÈ Finantial StstÈments forth• Year Ended 31 August 2023 support crAts 410ea tO<Tabl• Actl¥lU•s oth•r ¥upport Tdti k rfnkoFernts) 12.rK6 28 •thInOon Including d•prt¢i*tN)n swpport Tat41 2022 Ice 8.391 1110 21,525 316 45.187 P•J2 14
Do¢u5KJn Envelope10". 050¥28EGoE07487&87F3AA8lcEl Notes to the Financial Statements for the Year Ended 31 August 2023 Govenunce ¢osts Unre$tricted fvnds Genoral Total 2023 Independent examiner fees Examination of the financial statements Legal fees 4.922 1.770 4,922 1.770 6,692 6,692 Unrestricted funds Goneral Total 2022 Independent examinerfees Examinali¢)n of the financial statements Legal fees 2,188 1.157 2.188 1,157 3,345 3,345 10 Net Incomlngloutgoing resources Net incomiThJ resources for the year include: 2023 2022 Operating leases- plant and machinery Depreciation of fixed assets 23.998 3.614 23.998 2,840 11 Trustees remun¢ratlon and expenses No trustees. nor ar¢y persons connected *Mth them. have receNed any re[Trati( from the charity during the year. No tnJslees have receiyed any reimbursed expenses or any other benefits from the chwity during the year. 12 Staff costs The agggate pa011 costs were as follows: 2023 2022 Staff costs during the y•ar wer•: Wages and salaries Social securlty costs Pension costs 77,764 81.124 1,494 871 925 78.689 83,489 Pagg 15
DJdn Enveknpe ID.. 05O92BEGOE074BW7FO-3M8Kl Notes to the Financial Statements for the Year Ended 31 August 2023 The monlhly average number of persons {including senior management te8m> empk)yed by Ihe charity during the year was as follow$-. 2023 No 2022 No Charitable support staff No empbyee received emoluments of more than £60.000 during thè year. The lolal employee beneffts of the key management personr1 crf the charity were £24.434 {2022 - £21.0891. 13 Ind•pend•nt examin•rfs rernuneratlon 2023 2022 Examination of the financial statements 4.922 2,188 14 TallOn The charity is a registered chanty and its actsvities a exempt from taxati. 15 Tangible fixed a$$¢ts Furniture and equipmenl Totsl Cost At 1 Septernber 2022 Addibons 53.163 3.292 53.163 3.292 At 31 AugLtst 2023 56,455 56,455 Depreciatlon At 1 September 2022 Charge for the year At 31 August 2023 Net book value 40.854 3.614 40,854 3.614 44,468 44,468 Al 31 August 2023 At 31 August 2022 11.987 11.987 12.309 12.309 Included within fixed assets is an asset pledged as security under a hire purchase agreement th a net book value of £Nil12022.. £Nil). Page 16
Doc En10.. 05092BEGIE074B7fvB7FO-W04C680D51 Notes lo the Financial Statements for the Year Ended 31 August 2023 16 Debtors 2023 2022 Trade debtors Prepayrnenls Other debtors 8,734 774 1.738 5,130 12.768 485 11,246 18,383 17 Creditors: amounts lalling due withln one yèar 2023 2022 Bank loans Trade credilors Other taxation and social Security Other ¢reditors Accruals Deferred income 9.394 16.218 1.584 249 2,500 2,597 9.394 39,703 1.958 231 19,188 842 32,542 2023 71,316 2022 Deferred income at 1 September 2022 Resources defefred in the period Amounts reaSed from previous periods (842 (2,597) 842 {3631 18421 363 Defeffed Income al year e1 2,597 Bank borrowing$ Induded withln bank borrowings is an amount of £24.8 advanwl by the ci)mpanYs bankers in respect of the Coronavirus Business Interruption Loan. This is repayab* in equal instalments over 60 months commencing June 2021, and Inte$t is payable on the loan al a fate of 2.5% over base rate. 18 Creditors: amounts falling due aft•r one year 2023 2022 Bank loans 19,704 29,491 Page 17
Do¢u6iw EnvelOP& ID: 05092eEC-OE07487&87FoaAA84c6Bs1 Notes to the Financial Statements for the Year Ended 31 August 2023 19 Funds Balance at 1 S•pternber 2022 Incomlng Resour¢es •xpend•d Balance at 31 August 2023 Unrestrlcled Gener81 32,993 228,635 22.949 Balan¢* at 1 September 2021 In¢¢)ming R•$ources •xpend•d Balanc• at 31 August 2022 Unrestricted General 42.316 225.084 32,993 20 Analysls ot net funds At1 September 2022 Finan¢ing sh Ilows At 31 August 2023 Cash at bank and Wi hand Debt due within one year Debt due after m¢)re than one year 37,122 171.316) 29,491 14.840 38.774 9,787 51.962 {32,5421 19,704 Nel debt 63.685 63.401 September 2021 Finan¢lng cash flow5 At 31 August 2022 Cash at bank and in hand Debt due within one year Debt due after more than one year 34,445 192,266) 39,038 2.677 20,950 9,547 37.122 {71.3161 29,491 Net debt 196.859 33,174 63,685 21 Relat party tran$8¢tlons During the year the charity made the following relatsd party transactions: Jo Routh - 8uslness Axcountancy Services Trusleel A total of £574 was paid lo the bJsiness as rechanJes for IT software. The transactions are carried out at cost with no benefit lo the lated party. At the balance sheet date the amounl due toifrom to Jo Routh - Business Accountsncy Services was £Nil12022 - £40). Pagg 18
Docusiw EnvekJF410.. 050928EGOE07487M7FIWM4C680D51 Notes to the Financial Statements for the Year Ended 31 August 2023 22 Analysis of net assets between funds Unrestri¢tsd fund5 Gemrnl Total funds at 31 August 2023 Tangible fixed assets Current assets CUrn1 liakn'lities Creditors over 1 year 11,987 63,208 (32.542) 19.704 11.987 63.208 (32,5421 19.704 Total net assets 22,949 22,949 Vnre$tri¢ted funds General T¢tal fund$ at 31 August 2022 Tangible fixed assets Current assets Current liabilrfles Creditors over 1 year 12,309 55,505 (71,3161 29.491 12.309 55.505 171.3161 29,491 T¢)tal net assets il 32,993 32.993 Pa98 19