2021-02-28-accounts - Newhaven Gig Rowing Club (Sussex)

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		Page
Report ofthe Trustees	1	to	2
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements	6	to	11
Detailed Statement ofFinancial Activities	12	to	13

				2021	2020
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes		f,
FIXEDASSETS
Tangible assets	7	14,845	11,615	26,460	24,836
CURRENT ASSETS
Cash atbank		16,040	5,274	21/14	6,659
CREDITORS
Amounts falling due within one year	8	(2,443)		(2,443)	(1,440)
NET CURRENT ASSETS		13,597	5,274	18,871	5,219
TOTAL ASSETSLESSCURRENT
LIABILITIES		28,442	16489	45/31	30,055
CREDITORS
Amounts falling due afier more than one year	9	(6,157)		(6,157)
NET ASSETS		22/85	16,889	39)174	30,055
FUNDS
Unrestricted funds				22,285	16,266
Restricted funds				16,889	13,789
TOTAL FUNDS				39,174	30,055

There were no trustees' expenses paid for the year ended 28 February 20 29February 2020.	There were no trustees' expenses paid for the year ended 28 February 20 29February 2020.	21 nor for the	year ende
COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES
	Unrestricted	Restricted	Total
	fundf	fundf	funds
INCOME ANDENDOWS FROM
Donations and legacies	7,636	5,898	13,534
Charitable activities
Charitable activities	10,700		10,700
Other trading activities	7,230		7230
Investment income	11		11
Other income	1,911		1,911
Total	27,488	5,898	33,386
EXPENDITURE ON
Raising funds	4,405	721	5,126
Charitable activities
Charitable activities	16,442	1,348	17,790
Total	20,847	2,069	22,916
NET INCOME	6,641	3,829	10,470
RECONCILIATION OF FUNDS
Total funds brought forward	9,625	9,960	19,585

	Notes tothe Financial Statements - continued forthe year ended 28February 2021	Notes tothe Financial Statements - continued forthe year ended 28February 2021	Notes tothe Financial Statements - continued forthe year ended 28February 2021	Notes tothe Financial Statements - continued forthe year ended 28February 2021
	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued
			Unrestricted	Restricted	Total
			fund	fund	funds
					6
	TOTAL FUNDS CARRIED FORWARD		16,266	13,789	30,055
7.	TANGIBLE FIXEDASSETS
					Plant and
					machinery f
	COST
	At 1 March 2020				27,296
	Additions				3,640
	At 28February 2021				30„&t36
	DEPRECIATION
	At 1 March 2020				2,460
	Charge foryear				2,016
	At 28February 2021				4,476
	NET BOOKVALUE
	At 28February 2021				26,460
	At 29February 2020				24,836
8.	CREDITORS: AMOUNTS FALLING DUE WITHIN		ONE YEAR
				2021	2020
	Bank loans and overdratts	(see note 10)		943
	Accrued expenses			1&500	1,440
				2,443	1,440

CREDITORS: AMOUNTS FA	LLING DUE AFTER MORE	THAN ONE YE	AR
			2021	2020
Bank loans (see note 10)			6,157
LOANS
An analysis ofthe maturity ofloans is given below:
			2021	2020
			8
Amounts falling due within one year on demand:
Bank loans			943
Amounts falling between one and two years:
Bank loans - 1-2years			1,414
Amounts falling due between two and five years:
Bank loans - 2-5yeats			4~3
Amounts fafiing due in more than five yeats:
Repayable by instalments:
Bank loans more 5yr by instal			500
MOVEMENT IN FUNDS
			Net
			movement	At
		At 1.3.20	in funds	28.2.21
Unrestricted funds
General fund		16,266	6,019	22,285
Restricted funds
Restricted fund		13,789	3,100	16,889
TOTAL FUNDS		30,055	9,119	39,174
Net movement in funds, included	in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General fund		16,541	(10,522)	6,019
Restricted funds
Restricted fund		5,000	(1)900)	3,100
TOTAL FUNDS		21,541	(12,422)	9,119

			Net
			movement	At
		At 1.3.19	in funds	29.2.20
			I	f
Unrestricted funds
General fund		9,625	6,641	16,266
Restricted fuads
Restricted fund		9,960	3,829	13,789
TOTAL FUNDS		19,585	10,470	30,055
Comparative net movement		in funds, included in the above are as follows:
		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted fuads
General fund		27,488	(20,847)	6,641
Restricted funds
Restricted fund		5,898	(2,069)	3,829
TOTAL FUNDS		33,386	(22,916)	10,470
A current year 12months	and prior year 12months combined position is as follows:
			Net
			movement	At
		At 1.3.19	in funds	28.2.21
				f,
Unrestricted funds
General fund		9,625	12,660	22485
Restricted funds
Restricted fund		9,960	6,929	16,889
TOTAL FUNDS		19,585	19,589	39,174

for the year ended 28	February 2021
	2021	2020
INCOME AND ENDOWMENTS
Donations and legacies
Donations	5,215	7,636
Grants	9,677	5,898
	14,892	13,534
Other trading activities
Kit sales	634	413
Miscellaneous	415
Event fees	1,700	3,404
Event sales		3,413
Fundraising	1494
	4,043	7,230
Investinent income
Deposit account interest
Charitable activities
Membership fees	1,939	3,873
Row fees	666	6,752
Ergo membership		75
	2,605	10,700
Other income
Insurance claim		1,859
General account correction		52
		1,911
Total incoming resources	21441	33,386
Other trading activities
Event fees	1,700	2,616
Event overheads	329	2,510
	2,029	5,126
Charitable activities
Rent &marina fees	4,039	6,192
Insurance	33	2,541
Government body memberships	200	200
Boatmaintenance	298	2,865
Carried forward	4470	11,798