2022-03-31-accounts - The Wem Sports And Social Association

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				Designated		General
			Notes	Funds		Funds		Total	2021
INCOME AND EXPENDITURE
INCOMING RESOURCES
Rent &Fees						10,608		10,608	24,879
Wem Town Council						19,000		19,000	19,000
Coronavirus Grants						8,165		8,165	18,432
Mower &.Tractor									32,400
Tennis Clubhouse						25,879		25,879
Bulmer Cottage Fund Demolition Draw Account Income				2,251		30,000		30,000 2,251	2,310
Investment Income						10		10	15
TOTAL INCOME				2,251		93,662		95,913	97,036
CHARITABLE ACTIVITIES
Maintenance ofSpoits &
Recreation Areas						11,210		11,210	30,295
Changing Rooms Maintenance Social Club						15,097		15,097	11,581 6,000
Demolition and Reconfiguration	Costs					37,489		37,489	7,473
Draw Prizes &Costs				1,130				1,130	3,621
Depreciation						16,024		16,024	21,159
Tennis Clubhouse						25,879		25,879
TOTAL				1,130		105,699		106,829	80,129
OTHER EXPENDITURE
Administration Costs						2,364		2,364	4,262
Other Expenses TOTAL						2,364		2,364	4,262
TOTAL EXPENDITURE				1,130		108,063		109,193	84,391
NET (EXPENDITURE)/INCOME		FOR	THE YEAR	1,121	(	14,401)	(	13,280)	12,645
Transfer between Funds
Balance Brought fonvard Fund Balances carried forward				1,768 2,889		139,619 125,218		141,387 128,107	128,742 141,387

	BALANCE SHEET	AS AT 31STMARCH 2	022
			2022	2021
		Notes
FIXEDASSETS
Freehold Property Leashold Property Plant &Machinery TOTAL FIXED ASSETS			7,750 35,508 31,061 74,319	7,750 39,453 43,140 90,343
CURRENT ASSETS
Sundry Debtors k Prepayments	in Advance		1,598	1,440
Balances at Bank:
Deposit Accounts Current Accounts			22,839 30,349	22,487 30,557
TOTAL CURRENT ASSETS			54,786	54,484
CURRENT LIABILITIES
Creditors k Accruals			998	3,440
NET CURRENT ASSETS			53,788	51,044
NET ASSETS			128,107	141,387
UNRESTRICTED INCOME	FUNDS
General Purpose Fund; EMR Beacon			519	519
EMR Equipment Fund EMR Building Fund EMR Albion Bowling Club Fund Unallocated General Purpose Fund			11,088 22,416 538 90,657 125,218	5,088 22,416 538 111,058 139,619
Designated Funds: Draw Account			2,889	1,768
TOTAL			128,107	141,387

Leasehold property	Leasehold property	consisting	consisting	of
Club Building,	Changing		Rooms, Sportsfield,
Bowling greens and		enclosed		Play Surface			10%(reducing		balance	basis)
Plant and machinery							28%(reducing		balance	basis)
2. Fixed Assets
Used by the Charity			Freehold Propei+		Leasehold Property		Machinery &Plant			Total
Net Book Value @01.04.21				7,750		39,453		43,140		90,343
Additions
Disposals Sub Total				7,750		39,453		43,140		90,343
Depreciation for the year Net Book Value @31.03.22				7,750	(	3,945) 35,508	(	12,079) 31,061	(	16,024) 74,319
3. Summary ofNet Assets	by Funds				Unrestricted		Funds			Total
						General
						Purposes	Designated
Fixed Assets						74,319				74,319
Net Current Assets						50,899		2,889		53,788
Net Assets						125,218		2,889		128,107
4. Rents k Fees								2022		2021
Paid by Affiliated Clubs Received fiom hiring out facilities								805 9,748		603 24,206
Provision ofservices								55		70
(Wayleave, garaging, advertising, Total			etc)					10,608		24,879

						2022	2021
		Machinery &Equipment		Costs		6654	4162
		Contractors &Material	Costs			4556	26133
		Total				11,210	30295
6.	Changing	Room Maintenance				2022	2021
		Heat, Light and Water				3886	4,446
		Cleaning				2269	1,105
		Rates				281
		Repairs &Renewals				6676	2,992
		Payphone Rental &Mobile Phone				90	257
		Statutory checks				1895	2,781
		Total				15,097	11,581
7.	Management &Administration		of	the Charity
						2022	2021
		Insurance and Licences				1674	3742
		Legal Fees				250
		Accountant's Independent		Examination	Fee	440	440
		Sundry exenses					80
		Total				2,364	4262

S TO THE ACCOUNTS FOR THE YEAR	ENDED 31STMARCH 20	22
	2022		2021
Monthly Draw Subscriptions	2,251		2,310
Bank Interest			I
Gross Income	2,251		2,311
less: Draw Prizes and expenses	1,130)	(	1,121)
Donations		(	2,500)
Excess / (Deficit) for the Year	1,121	(	1,310