| Page | |||||||
|---|---|---|---|---|---|---|---|
| Trustees' | annual report |
(incorporating | the | director's report) | 1 | ||
| Independent examiner's |
report to the | trustees | |||||
| Statement | of financial | activities | (including | income and expenditure | |||
| account) | |||||||
| Balance sheet | |||||||
| Notes to | the financial | statements |
| The trustees, | The trustees, | The trustees, | who are | who are | also the | directors for the |
purposes | purposes | of company | of company | law, present | law, present | their report and the unaudited |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| financial | statements | of | the charity for the year ended | 30 April 2022 . | |||||||||
| Reference | and administrative | details | |||||||||||
| Registered | charity | name | The Medway | Badminton | Association | Limited | |||||||
| Charity | registration | number | 1187897 | ||||||||||
| Company | registration | number | 01755572 | ||||||||||
| Principal | offic and | registered | Castlemaine | Hall | |||||||||
| offic | 100Castlemaine | Avenue | |||||||||||
| Gillingham | |||||||||||||
| Kent | |||||||||||||
| ME7 2QE | |||||||||||||
| The trustees | |||||||||||||
| P H Stephenson | |||||||||||||
| C Spring | |||||||||||||
| M J O'Keeffe | (Resigned | 14 | December 2021) | ||||||||||
| H T Athawes | |||||||||||||
| VSYoung | |||||||||||||
| KRogers | |||||||||||||
| AJ Picariello | |||||||||||||
| G T Struthers | |||||||||||||
| N W Meinertzhagen-Wilson | |||||||||||||
| SThompson | (Appointed | 11 | December 2021) | ||||||||||
| Independent | examiner | J A Griggs FCA Levicks | Chartered | Accountants | |||||||||
| 61 London Road | |||||||||||||
| Maidstone | |||||||||||||
| Kent | |||||||||||||
| ME16 8TX |
| YEAR ENDED 30AP | RIL 2 | 022 | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Unrestricted | ||||||
| funds | Total funds | Total funds | ||||
| Note | ||||||
| Income and endowments | ||||||
| Donations and legacies |
15,461 | 15,461 | 44,026 | |||
| Charitable activities |
52,320 | 52,320 | 9,442 | |||
| Other trading activities |
22,793 | 22,793 | 2,940 | |||
| Investment income |
1,001 | 1,001 | 1,092 | |||
| Other income | 1,520 | 1,520 | 11,969 | |||
| Total income | 93,095 | 93,095 | 69,469 | |||
| Expenditure | ||||||
| Expenditure on raising funds: |
||||||
| Costs ofother trading | activities | 10 | ( 20,788) | ( 20,788) | ( 2,974) | |
| Expenditure on charitable |
activities | 11,12 | ( 66,496) | ( 66,496) | ( 46,454) | |
| Taxation | 13 | (94) | (94) | (232) | ||
| Total expenditure | ( 87,378) | ( 87,378) | ( 49,660) | |||
| Net gains on investments | 14 | 3,213 | 3,213 | 6,371 | ||
| Net income and net movement | in funds | 8,930 | 8,930 | 26,180 | ||
| Reconciliation offunds |
||||||
| Total funds brought forward |
207,732 | 207,732 | 181,552 | |||
| Total funds carried forward | 216,662 | 216,662 | 207,732 |
| BALANCE SHEET 30April 2022 |
|||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Note | E | ||||
| FIXEDASSETS | |||||
| Tangible fixed assets |
19 | 179,241 | 181,093 | ||
| CURRENT ASSETS | |||||
| Stocks | 20 | 6,436 | 5,397 | ||
| Debtors | 21 | 1,735 | 2,817 | ||
| Investments | 22 | 146,173 | 141,959 | ||
| Cash at bank and in hand |
23,385 | 18,250 | |||
| 177,729 | 168,423 | ||||
| CREDITORS: amounts | falling due within | ||||
| one year | 23 | 5,563 | 4,591 | ||
| NET CURRENT ASSETS | 172,166 | 163,832 | |||
| TOTAL ASSETS LESS | CURRENT LIABILITIES | 351,407 | 344,925 | ||
| CREDITORS: amounts | falling due after | ||||
| more than one year | 24 | ( 134,745) | ( 137,193) | ||
| NET ASSETS | 216,662 | 207,732 | |||
| FUNDS OF THE CHARITY | |||||
| Unrestricted funds |
216,662 | 207,732 | |||
| Total charity funds | 28 | 216,662 | 207,732 |
| Unrestricted | Total | Funds | Unrestricted Total |
Funds | |||
|---|---|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||||
| f | F | ||||||
| DONATIONS | |||||||
| Donations | 1,012 | 1,012 | 6 6 |
||||
| GRANTS | |||||||
| Grants | receivable | 14,449 | 14,449 | 44,020 44,020 |
|||
| 15,461 | 15,461 | 44,026 44,026 |
|||||
| 6.Charitable | activities | ||||||
| Unrestricted | Total | Funds | Unrestricted Total |
Funds | |||
| Funds | 2022 | Funds | 2021 | ||||
| Hall income | 52,320 | 52,320 | 9,442 | 9,442 | |||
| 7.Other trading | activities | ||||||
| Unrestricted | Total | Funds | Unrestricted Total |
Funds | |||
| Funds | 2022 | Funds | 2021 | ||||
| 6 | |||||||
| Bar income | 5,462 | 5,462 | 371 | 371 | |||
| Kitchen | income | 416 | 416 | ||||
| Sports | shop income | 16,915 | 16,915 | 2,563 | 2,563 | ||
| 22,793 | 22,793 | 2,940 | 2,940 | ||||
| 8.Investment | income | ||||||
| Unrestricted | Total | Funds | Unrestricted Total |
Funds | |||
| Funds | 2022 | Funds | 2021 | ||||
| Dividends | 512 | 512 | 453 | 453 | |||
| Interest | receivable | 489 | 489 | 639 | 639 | ||
| 1,001 | 1,001 | 1,092 | 1,092 |
| 9.Other income | ||||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2022 | Funds | 2021 | |||||
| E | 6 | |||||||
| Advertising | 367 | 367 | ||||||
| Job retention | scheme | grant | 1,153 | 1,153 | 11,969 | 11,969 | ||
| 1,520 | 1,520 | 11,969 | 11,969 | |||||
| 10.Costs ofother | trading | activities | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2022 | Funds | 2021 | |||||
| E | ||||||||
| Bar | 3,536 | 3,536 | 703 | 703 | ||||
| Kitchen | 111 | |||||||
| Sports shop | 17,141 | 17,141 | 2,266 | 2,266 | ||||
| 20,788 | 20,788 | 2,974 | 2,974 | |||||
| 11.Expenditure | on charitable | activities | by fund type | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2022 | Funds | 2021 | |||||
| 6 | ||||||||
| Badminton | 64,746 | 64,746 | 44,704 | 44,704 | ||||
| Support costs | 1,750 | 1,750 | 1,750 | 1,750 | ||||
| 66,496 | 66,496 | 46,454 | 46,454 | |||||
| 12.Expenditure | on charitable | activities | by activity type | |||||
| Activities | ||||||||
| undertaken | Total funds | |||||||
| directly | Support costs | 2022 | Total fund 2021 | |||||
| Badminton | 64,746 | 64,746 | 44,704 | |||||
| Governance | costs | 1,750 | 1,750 | 1,750 | ||||
| 64,746 | 1,750 | 66,496 | 46,454 | |||||
| 13.Taxation | ||||||||
| Major components | oftax | expense | ||||||
| 2022 | 2021 | |||||||
| Current tax: | ||||||||
| UK current tax expense | 94 | 232 | ||||||
| Taxation | 94 | 232 | ||||||
| 14.Net gains on | investments | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2022 | Funds | 2021 | |||||
| 6 | 6 | |||||||
| Gains/(losses) | on listed | investments | 3,213 | 3213 | 6,371 | 6,371 |
| 15.Net income | 15.Net income | 15.Net income | 15.Net income | 15.Net income | ||
|---|---|---|---|---|---|---|
| Nei income is stated after charging/(crediting): | ||||||
| 2022 | 2021 | |||||
| E | ||||||
| Depreciation of |
tangible fixed assets |
6,005 | 5,632 | |||
| 16.Independent | examination | fees | ||||
| 2022 | 2021 | |||||
| Fees payable to | the independent | examiner | for: | |||
| Independent examination ofthe |
financial | statements | 1,750 | 1,750 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| 6 | E | ||||
| Wages and salaries | 32,732 | 17,327 | |||
| Employer | contributions | to pension | plans | 329 | |
| 32,732 | 17,656 |
| No other trustees received remune 19.Tangible fixed assets |
ration or expenses during the cu |
rrent or previous | year. | |
|---|---|---|---|---|
| Long leasehold | Plant and | Fixtures and | ||
| property | machinery | fittings | Total | |
| Cost | ||||
| At 1 May 2021 | 259,725 | 3,713 | 34,516 | 297,954 |
| Additions | 1,779 | 130 | 2,244 | 4,153 |
| At 30April 2022 | 261,504 | 3,843 | 36,760 | 302,107 |
| Depreciation | ||||
| At 1 May 2021 | 85,314 | 1,503 | 30,044 | 116,861 |
| Charge for the year | 3,650 | 579 | 1,776 | 6,005 |
| At 30April 2022 | 88,964 | 2,082 | 31,820 | 122,866 |
| Carrying amount |
||||
| At 30April 2022 | 172,540 | 1,761 | 4,940 | 179,241 |
| At 30 April 2021 | 174,411 | 2,210 | 4,472 | 181,093 |
| 20.Stocks | |||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Raw materials | and consumables | 6,436 | 5,397 | ||||
| 21.Debtors | |||||||
| 2022 | 2021 | ||||||
| Other debtors | 1,735 | 2,817 | |||||
| 22. Investments | |||||||
| 2022 | 2021 | ||||||
| E | |||||||
| Investments | at market | value | 75,684 | 71,959 | |||
| Short-term deposits |
70,489 | 70,000 | |||||
| 146,173 | 141,959 | ||||||
| 23.Creditors: | amounts | falling due within | one year | ||||
| 2022 | 2021 | ||||||
| f | |||||||
| Accruals and | deferred | income | 5,237 | 4,358 | |||
| Corporation tax |
326 | 233 | |||||
| 5,563 | 4,591 | ||||||
| 24.Creditors: | amounts | falling due after | more than one year | ||||
| 2022 | 2021 | ||||||
| Accruals and | deferred | income | 134,745 | 137,193 | |||
| 25.Deferred | income | ||||||
| 2022 | 2021 | ||||||
| E | |||||||
| At 1 May 2021 | 139,643 | 142,091 | |||||
| Amount released to income |
(2,449) | (2,449) | |||||
| At 30April 2022 | 137,194 | 139,642 | |||||
| 26.Pensions | and other | post retirement | benefits |
| The amounts recogni |
sed in the financial statements for grants are |
as follows: | |
|---|---|---|---|
| 2022 | 2021 | ||
| Recognised in creditors: |
|||
| Deferred government | grants due within one year | 2,449 | 2,449 |
| Deferred government | grants due after more than one year | 137,194 | 139,642 |
| 139,643 | 142,091 |
| Gains | and | At 30April | At 30April | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| At 1 | May 2021 | Income | Expenditure | losses | 2022 | |||||||||
| f | f | 6 | ||||||||||||
| General funds | 207,732 | 93,095 | (87,378) | 3,213 216,662 |
||||||||||
| Gains | and | At 30 | April | |||||||||||
| At 1 | May 2020 | Income | Expenditure | losses | 2021 | |||||||||
| f | 6 | f | f | E | ||||||||||
| General funds | 181,552 | 69,469 | (49,660) | 6,371 | 207,732 | |||||||||
| 29.Analysis of net assets | between funds | |||||||||||||
| Unrestricted | Total | Funds | ||||||||||||
| Funds | 2022 | |||||||||||||
| Tangible | fixed assets | 179,241 | 179,241 | |||||||||||
| Current | assets | 177,729 | 177,729 | |||||||||||
| Creditors | less than | 1 | year | (5,563) | (5,563) | |||||||||
| Creditors | greater than | 1 year | (134,745) | (134,745) | ||||||||||
| Net assets | 216,662 | 216,662 | ||||||||||||
| Unrestricted | Total | Funds | ||||||||||||
| Funds | 2021 | |||||||||||||
| E | E | |||||||||||||
| Tangible | fixed assets | 181,093 | 181,093 | |||||||||||
| Current | assets | 168,423 | 168,423 | |||||||||||
| Creditors | less than | 1 | year | (4,591) | (4,591) | |||||||||
| Creditors | greater than | 1 year | (137,193) | (137,193) | ||||||||||
| Net assets | 207,732 | 207,732 | ||||||||||||
| 30.Financial | instruments | |||||||||||||
| The carrying amount for |
each category offinancial | instrument | is | as follows: | ||||||||||
| 2022 | 2021 | |||||||||||||
| Financial assets measured | at | fair value | through | income | and | expenditure | ||||||||
| BMO Managed | Growth | 1 | Fund | 75,684 | 71,959 | |||||||||
| 31.Operating | lease commitments | |||||||||||||
| The total future | minimum | lease | payments | under non-cancellable | operating | leases are as | follows: | |||||||
| 2022 | 2021 | |||||||||||||
| Not later than | 1 year | 1,400 | 1,400 | |||||||||||
| Later than 1 year and not |
later than 5 years | 5,600 | 5,600 | |||||||||||
| Later than 5 years | 72,217 | 73,617 | ||||||||||||
| 79,217 | 80,617 |