2023-03-31-accounts - The Wem Sports And Social Association

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STATEMENT OF FIN	ANCIA	L ACTIVITI	ES FORTHE Y	ES FORTHE Y	E	AR ENDED	31S	TMARCH 2	023
			Designated			General
		Notes		Funds		Funds		Total		2022
INCOME AND EXPENDITURE
INCOMING RESOURCES
Rent &Fees						11,368		11,368		10,608
Wem Town Council						19,500		19,500		19,000
Coronavirus Grants										8,165
Tennis Clubhouse										25,879
Bulmer Cottage Fund Demolition										30,000
Fireworks &admission						2,832		2,832
Draw Account Income										2,251
Investment Income						125		125		10
TOTAL INCOME						33,825		33,825		95,913
CHARITABLE ACTIVITIES
Maintenance ofSports & Recreation Areas						12,425		12,425		11,210
Changing Rooms Maintenance Demolition and Reconfiguration	Costs					12,799		12,799		15,097 37,489
Fireworks Costs						2,678		2,678
Draw Prizes &Costs				253				253		1,130
Depreciation						12,248		12,248		16,024
Tennis Clubhouse										25,879
TOTAL				253		40,150		40,403		106,829
OTHER EXPENDITURE
Administration Costs						2,874		2,874		2,364
Other Expenses TOTAL						2,874		2,874		2,364
TOTAL EXPENDITURE				253		43,024		43,277		109,193
NET (EXPENDITURE)/INCOME	FOR	THE YEAR	(	253)	(	9,199)	(	9,452)	(	13,280)
Transfer between Funds
Balance Brought forward				2,889		125,218		128,107		141,387
Fund Balances carried forward				2,636		116,019		118,655		128,107

	BALANCE SHEET	AS AT 31STMARCH 2	023
			2023	2022
		Notes
FIXEDASSETS
Freehold Property Leashold Property Plant &,Machinery TOTAL FIXEDASSETS			7,750 31,957 22,364 62,071	7,750 35,508 31,061 74,319
CURRENT ASSETS
Sundry Debtors &Prepayments	in Advance		1,664	1,598
Balances at Bank:
Deposit Accounts			23,214	22,839
Current Accounts			32,366	30,349
TOTAL CURRENT ASSETS			57,244	54,786
CURRENT LIABILITIES
Creditors 2 Accruals			660	998
NET CURRENT ASSETS			56,584	53,788
NET ASSETS			118,655	128,107
UNRESTRICTED INCOME	FUNDS
General Purpose Fund:
EMR Beacon			519	519
EMR Equipment Fund EMR Building Fund			17,838 22,416	11,088 22,416
EMR Albion Bowling Club Fund			538	538
Unallocated General Purpose	Fund		74,708	90,657
			116,019	125,218
Designated Funds:
Draw Account			2,636	2,889
TOTAL			118,655	128,107

ful life ofthese fixe	d assets and their anticipated	residual value:
Leasehold property	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	Leasehold	Machinery	Total
		Property	Property	&Plant
Net Book Value @01.04.22		7,750	35,508	31,061	74,319
Additions
Disposals
Sub Total Depreciation for the year		7,750	35,508 ~3,551	31,061 ~8,697	74,319 ~(12,248
Net Book Value @31.03.23		7,750	31,957	22,364	62,071
3. Summary ofNet Assets by Funds			Unrestricted	Funds	Total
			General
			Purposes	Designated
Fixed Assets			62,071		62,071
Net Current Assets			53,948	2,636	56,584
Net Assets			116,019	2,636	118,655
4. Rents &,Fees				2023	2022
Paid by Clubs				805	805
Received fiom hiring out facilities				10,511	9,748
Provision ofservices				52	55
(Wayleave, garaging,	advertising,	etc)
Total				11,368	10,608

5.	Maintenan	ce ofSpots & Recrea	tio	n Areas
						2023	2022
		Machinery &Equipment		Costs		4300	6654
		Contractors &Material	Costs			8125	4556
		Total				12,425	11210
6,	Changing	Room Maintenance				2023	2022
		Heat, Light and Water				3719	3,886
		Cleaning				2238	2,269
		Rates				550	281
		Repairs &Renewals				3858	6,676
		Payphone Rental &Mobile Phone					90
		Statutory checks				2434	1,895
		Total				12,799	15,097
7,	Management &Administration		of	the Charity
						2023	2022
		Insurance and Licences				1899	1674
		Legal Fees					250
		Accountant's Independent		Examination	Fee	460	440
		Sundry expenses				515
		Total				2,874	2364

S TO THE ACCOUNTS FOR THE YEAR	ENDED 31ST	MARCH 20	23
		2023		2022
Monthly Draw Subscriptions				2,251
Bank Interest
Gross Income				2,251
less: Draw Prizes and expenses	(	253)	(	1,130)
Donations
(Deficit)/ Surplus for the Year		253		1,121

9 Designated Accounts
	Draw
	Account
Balance at 01,04.22	2,889
Income Outgoings Balance at 31.03,23	~253 2,636
Represented by: Current Account Deposit Account	1,519 1,117 2,636