Chrlty f•gl$trtion numb•r 1187897 ¢¢)mpary wlstr•llon numb•r 01755S72 IEngl•nd and Wlesl THE MEDWAY BADMINTON ASSOCIATION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 NllNI ADV30K14* 2710112025 COMPANIES HOUSE
THE MEDWAY BADMINTON ASSOCIATION LIMITED CONTENTS Tntslees. rewt Statem?nl of •cbbit 7-17
THE MEDWAY BADMINTON ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30APRIL 2024 The trustees. art 4so the <rectors for the purposes of company I. present the report and the unaudited finonrial statemer)ts of the thaiity for the year errfled 30Awl 2024. Ref•rène• and admintstrative details G T Slnrthers H T J Athawes N W M•nertzha9FV4Is AJ Picariello K Rogers C Spriry VSYoLry P H Stephenson (to 07107r20231 S Thompsw (to 11107r2023) S¢er•tsry G T Stnrthers Charity number 1187897 Company numb•r 01755572 Reglstered offi ca$emaIne Hall 100 Castiemaine Avewe Gilh'ngham Kent ME7 2QE IndepMd•nt •x4miMr LevKk$ 61 LorwJ)n Road Maidstc Kent ME16 &TX The financial statements have been prepared in accordan¢e wilh the accounkn9 ptslityes set out in note 1 to the ffinanaal stalem*nt$ and comply V•ryth the tharity'$ 9ovemin9 document, the Companies Act 2006 and "A¢¢ounting and Repth'ng by Charib"es". Slatement ot RecommeThded Pradice appli¢able to tharity.es preparing their accounts in accordance w7th the Finan¢ial Rew)rbng Stsndard applicable in the UK arKJ Republ of Ireland IFRS 1021" leffective 1 January 2019).
THE MEDWAY BADMINTON ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30APRIL 2024 Objecllv•s and activill The charity's purpose is to promote the gamè of badrnirrtort and ¥thl sports and pasb"me$ for Ihe benefit of Ihe pU1C in the Medway towns and sUtrlIng di5tricL The aims of our charity are lo inttease levels of partKapat1r and iriterest in badminton both on aTrJ off ihe c#wrt. We work closely with local s¢ho(A$. the NHS arbj wih both Mettway CrlI Sports DeVelOtrnt ¥n(S Kent Swls Developmenl Units to ensu our airn5 fuuy refie¢t the wJrF)ses Ihat the tharity was set up lo frjrther. review our aims, objectives. and ath"vities each year. This review would normalty look at what we have achwed in the previous 12 months, if any changes of direction a needed rf we can inuease our presence in kncal sth¢x)1s and the community. The Kqe(hvay 8anyladeshi group IMGB} C(linVe to usè Ihe MBA for stitial and rètleatstsnal play wth the MBG using our f¥¢lities to hosi compet"ve toumaments. MBA continue5 after school clubs for the sècondary schools and is in the pro¢e$s of establishing relationships vitth w.mary scthools. have referred to the guidance containèd in the Chanty cc¥nmissi.S general guidance on put41¢ benefft when reviewing ¢Jur aims and oblS and in planning our fvture adivrties. In party"cular, the trustees cvnsider tLOW Ptaftd a¢ivib"es wll contribute to the aims and objectives thy have sèL Achievements and p•rfomMnce We have a booking 5y$twn which enatAes member5 and Viytors io the MBA io benefit trc¥n our work and have acLess to CAJUrt5 to play * a l&¥d silltat4e frm themselves. run Juni(x i))a¢hing sesons all day Saturday, Sunday momings artd Monday after SchC and a restru¢XurirvJ of the Saturday set up has enabled us to admit all the childien that were on Ihe waib.ng list into adth.onal beginners. groups. This gives the thildrtn Ihe opportunity to leam skills, tactics. and rules of the game. It improves their lèvds of rrtnèss ar ffntaI hèahh. working together and behaving in a 3oaally acceptable way. are thys I01n9 to tra"n the children to the wnt where they can play ler dubs. and some obtain rUnty standaid. We provit1e'ladies Onl sessions drrfJ the day and one of our Ladies Groups held a Valentines evenl in Febftry, 7•rith eath per gcmng home wrth a rèd lose. AVe.51t)g in a locally published free magazine has been very SLKcessful in recrnth.ng la(15 that are Inte$ted in iTrIng our groups. Twtee a week we host the Medway Men's Bangladeshi Badrrinton Group Tptho are very k•en to keep fit. have held se5510n5 on a Sunday for a singk pafenl falY grtyjp to attend. MBA works dosdy with the Medway and Swale Physi) Aliance. al the Methvay Can.. Physcal Actiwty AWiarKe and provides a badminton based eyerrise class which I)k$ to SUPFYt the healthy lifestyle initiatNe designed to OJI ba¢ on rjbesity. Also. during Ihe badminton season (September to May) we host the Kent veteran's matches 4wnst other counties in age groups from 35 years to 70 years. Eath Seplember Kent Badminton Ltd use our f" ibes to h05t the Masters and sl0r Restricted Tournaments- tth$ ¢ part oithè kytxess these Couftfy Teams. Thè Secondary School$ Games Girls event for Methvay aThJ Kent Sms Development Units was held at the MBA in November 2023 and Ihe same event for B¢>y$ in Oecener 2023 - offering wemises each day for frèe. In November we also provided 'goodie bags. tr each scho¢4 team atts Mini-Y¢xrth Games which attract$ 40+ schools. Two ol our coaches attended the Methway PSG Radlets Fesbwa"l in Apn"I lh as hpld at Avenue Tenni$ coaching and prornoting badminton to 12 primary schoc4 team5. We open on Fiiday evenings for eommuntylsooal badmmrton where wè have attendeès ffom a range of ages. from 7 to 70. This is pth"edarty good forfanN1y groups and local c4Jminunty. orgarmse first trdinirKJ for 10¢81 o)achÈs aTrJ p58yers and h wt tr premksÈs for a loc41 firSt"a training company. We have a compètrtNt Iwue strudLrt wilh apwoxirYtety 16 ckns teams for knl doub Imen arK1 women only pawin9s) arKI nwxed lèaNts. Clubs are aws looknng at social players ryth a view to getb'ng them to itsin dub. We pteas•d to host a Ch*ty FLmd rnising qLriz in March Ihat ratsed £300 forthe Anthony Nolan Trust.
THE MEDWAY BADMINTON ASSOCIATION LIMITED TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Fin•n¢l•l review Total in¢ome for the year amunled to £118.55712023- £107.317). The net surplus on frjnds year amounted to £22,404 12023 - defirit £6,234). Total reserves at Ihe eTKI of the year were £232,832 {2023 - £210,428). Re5eTve5 are held for the continued upgrade and Maintenan of the prerr4ses. The trustees are of the opinion that the reserv are sufficient to ma•tlhe futuie workn'ng cathl requirements. Thwe are no restn'cted reserves. The investrFnts gain durin9 the year was £7,30812023- £1.134). The detailed accounts are on the k41tyir¥J pages. The trustees have c(¥nplied with the duty in Sectjon 17151 of the Chafibes Act 2011 to have rewd to 9dar published by the Charities Commission in resped of wthlic benefiL Structur•. goveman¢• and managèment Thè Company 1$ run by an elected rnanagement c£rrfnittee (Board of Directss) whith rwEets a regular basis. Members of this 8oard are elected annually at the annual general meeb.ng (Artides 16.2 and 16.31. The management committee discusses bjsiness matters OFwalKl IssL whereby the Board can make derAsions in keeping Mth our objective5. To prolect Ihe future of the assooabon rt was d8cided to apth for thairty status to inwse a level of trust in our c)rgan5sation. The Board felt that more Feople be more iThjird to give their money aWor tirne to registered chawty rather than to an unregulated ¢xgani5abM. This ha$ important implKabon$ for our fimdraising actiwties. Similarty, many suppliers and other ¢ygani5ations may give prefwenb"¥l treatment a registered charity. Registsred ¢arrties ¥lw loY a rarye of tsx tenefits that we not available to unregistered orgxnisations. These beneffts wll impad on wr cyganisation's finars. as shown by the rectipt of ftjnding from HSBC. The incJ)me and gains that MBA generates cavld be exempt from corporation la¥ and Capit gabn5 tax and these funds will be used for the r>)mmunity for additional charitable purp)ses. In addthn. IABA can make use of the gift aid system which enables us to increase the value of dOnats.S madè by UK taxpayers. Charity status wa$ achieved on 121h February 2020. Recruitment of trustee$ and committee member5 is by word of moLth as a vxan¢y arises. TrainingNs in ac¢ordan¢e with the Charity Commisgon guKldines and ne4V twstees reoive a rSOnal devlopwnt plan on app¢yntment. Sm•ll company provision$ This report has been prepa1 in a¢Cud the prow%ons applicabk to <>>npanies entitled to thè small companie$ exempti. The Irust*s' oport w95 approved by the 8o¥d ofTrustee K Rogers Trust•0 C Spnng
THE MEDWAY BADMINTON ASSOCIATION LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MEDWAY BADMINTON ASSOCIATION LIMITED I reFX)rt to the trustees on my examination of the financtal stemonts of Tr Mettway 8adminton Associati"on 'mited (thé tharityl for the year ended 30 Apn"12024. Rèsponstbilities and ba$1$ of roport As the Iwstee$ ol the charity {and also ts direc1ry5 fty tr rFe¥ of o)mpany Iw).you are r•sponsit4è for the prepaiation of Ihe finarKial stements in accLJrdarKe wth the requ¥ements of Ihe Companies Act 2006 (the 2006 A¢ti. Having satisfied myself thal the ffinanual staleftnts of the tharity are not required to be audited sjnder Part 16 of the 2006 Act and are eluible for independent examinatKM. I reF¥)rt in respect of my examinatson of the charity'$ financial statements camed out under se¢tion 145 of the charits Acl 2011 {the 2011 Act). In carrying out my examination I have fc41owed all the appliCae Dire¢tw given by ¢he Charity Cowrnnission under $8cb'on 145(51{b) ofthe2011 Art Ind•pondent examinerfs statement I have completed my examination. I confim that no matters have come to my attènt50n in eonrc"on %wih the exarninats'on giving me cause to believe that in any material resped.. accounting records were not kept in SPect oflhe tharity as requred by seclion 386 of the 2006 Act. or the financial $tstemènt$ do not attord ¥h Ihose records: r thè financial statements do not comw a¢¢ounling requirements of Sect 396 of the 2006 Ad otr than any requirement that the ac£ounls give a true a1 Pair whith is [t a matter ojnsidered as part ol an indèpendent examinatiC,. or the financial statements have It been Ewepared in accordance with the rntmds and princAples of the ststement of Recommended Practice for accounts.ro and porting by charib"•s applicable to charrt"¥es preparing their accounts in xcordan¢È the Finartial Reporting Stsnd*d applicab18 in the UK and Republic of Ireland IFRS 1021. I have no ¢tyi¢em$ and have comè auos5 no other matters in gne¢)n with the examirwb.ffi to which attèntion should be in this rertht in ¢)rd¢rto enable a proper understsndiro of financial statemts to be reachèd. Levieks J A Griggs FCA 61 London Road Maidstone Kent ME16 8TX Dated. .1.!
THE MEDWAY BADMINTON ASSOCIATION LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30APRIL 2024 Unrestricted Unrestricted funds funds 2024 2023 Incom• and •ndowmMts from: Donations and legacles Charitable activities Olher trading activilies Investrments Other inco 3,552 74.031 37.181 3,593 200 3,586 69,478 31.914 2,139 200 Total in¢om¢ 118.557 107,317 Ex enditur• on: Costs of other trading activibes (31.411) 126.7041 Exp•ndilure on dritable actiwtbes 172.050) 187.9811 T.otal charftabl• exp•nilrn 172,050} 187,9811 Total expenditure {103.461) {114.6651 Ngt incomollexpendlbjvel for the yearf Nèt ineominglloutgoingl resources 15.0 (7,3681 Other recognised gains and losses Other gains or105se5 15 7.308 1,134 N•t mov•m•nt in funds 22,404 16.234) Fund balan(5 al 1 May 2023 210,428 216,662 Fund balances at 30 April 2024 232.832 210.428 The ststefft of finanoal ivilw wKludes all arKI losses re(4nised n the year. The statemer¢t of fjnancaal acaivikn inc*Mles al gains and k>sses recognised in the year. Al it7c4Nn& and expenditure dgrive from continuing acbvibes. The statement of ffinancial activitie5 also corylies with the wuwements for an income expenditur8 account under the Companies Act 2[.
THE MEDWAY BADMINTON ASSOCIATION LIMITED BALANCE SHEET AS Af30APRIL 2024 2024 2023 FId ass•ts ' Tangible assets 16 168.837 174.191 Current assets Stocks Dèbtor5 Investments Cash at bank and in hand 17 9.729 1.788 172.348 15.071 7,408 2.915 154,445 8,646 19 198.936 173,414 Cr•ditors: amounts falllng du• with one year {5.093) (4,8811 Net ¢urrent assets 193.843 168.533 Total assèts ¢urr•nt li•biliti•s 362.680 342,724 Dèf•rr•d income 21 1129.8481 1132.2961 Not assets 232.832 210.428 Incom• lunds untried fvrHts 232.832 210.428 232.832 210,428 The company is enlilled Its the exempbryTr from the autht requirement ¢¢ntair(l in secb.on 477 of Ihe Cc4yJpaniè$ Act 2006. lor the yèar ended 30 April 2024. The direclors acknowledge their respwkn.hbes for c>JmptyiThJ wilh the requirements of the clWanieS Act 20C6 The memtéfs have not required the ¢ryryany to c•Aain aAdit of rts financial sleriwts f Ihe year in quèsth.on accrydan¢e Yh 5e¢"M 476. These financial statements e been Prepared in.xcordance *ith Provisions a1c4b'1e to companies sub'ject to the small companies regime. The financial statements vlere apkvoved by Ihe Trustee$ Lm...IrJ.?J..I K Roger5 Trust90 C SkThg Company registration number 0175S572
THE MEDWAY BADMINTON ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 Ac¢ountiw WiGi•S Charity Infomiation The Medway Badmirth>n Aswjation LKiwted is a wivate Cobyyany linited by wa)tee inc<Jryyorated in England and Wales. The rwstered off is Casllemaine Hal, 1(K) Casuemane Avenw, Gillingham. Kent, ME7 2QE. 1.1 Accounting ¢onv•ntion The financaal statements have ljeen wepwed in a¢£#)rdw wilh the ¢h¥riVs 9ovèming documènt, the Companies Act 2006, FRS 102 "The Financial Reporting Stsr¥Jard ap1C?bFe in the UK and Republi¢ of Ireland- I'FRS 102.1 the charib.es SORP 'Acnting and Reporb'ng by Chawilies". Statement of Recommended Praclice applble to thariti.es k¥eparing trlT aOUnts in a¢¢ordance with the Finanoal Reportir•J Standard appltIe in the UK and RepLrblic of [rer IFRS 1021" leffe¢Aive 1 January 2019}. The tharity is a Public Benefft Enb"ty as defined by FRS 102. The charity has taken advantsge of Ihe w0vis in the SORP for thaTrties not to ppare a Statement of Cash Flows. The finanaal statenwts are prepared in sterj, tlthith is thè fuThonal lIeY of thè tharity. The financial Statents have been prepared. under the hthrKal o)st o)nvenb"on, mtyJiFed to indude the reVvab"On of freehd propeth.es and to itK4ude investment rffoperries ar#J rtain firlat instrum¢nl$ at fair value. The principal accounting F¥Jlioes adopted are set out Wow. 12 Going ¢oncorn At thè timo of the finants¥l statements. the tnths have a Teasonable expectatr)n thai the charity has adequate $OU&S to C4Jnb'nue in operational exrstence for the foreseeable future. Thus the trLtstees c¢nlinue to adopl the going concern basis of accounltng in preparirg the finanual statements. la Chafilabl• funds Unrestricted fvnds are available for usè at the disueticm of the trustees in furll)gran¢e of thgir charita ¢'ecai¥es. Restricted fijnds afe sut¥ect to specific condibons by dorK)rs or grant(Ys a5 to h(Y•¥ they may be used. The purposes and uses olthe restrided funds are set the notes to the ffftanoal statemenls. Endowment fi)rS a suLy'ect lo sperific by d¢)ncrt that the ¢8wtal must be mairtsined by the charity. 1.4 Income Inoyne is reCOgrSed when the tharity is 189alty enblled to tt after any perfm KIrtiOnS have been met, the arr)unts can be rneasd reliabty, and it i8 prOba1e that irK4Jme be receNed. Cash donations are reccJnssed receipt. Other donations are reoJgnt5ed Or the tharity has been notified of the donation, unless perfonrrance conditions require deferral of ihe aTnt. Income tax recoverable in relation to donations received uThJer GIftd or deeds of o)venant is recognised at the time of the donation. Lega¢ies are reCOgned receipt or othewse if the charity has been notffjed of an impending dislribulion. the amount is known, and receipt is expected. W the amount is not known. the legacy is treated as ntingent asset
THE MEDWAY BADMINTON ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Accounting pollcie5 {Continu•dl 1.5 Expenditurn Expenditure is reclSe onc there 1$ a legal ty calstnth" e obtigaty.on to transfer eCoN)rn bènefit to third party, it is probable that a transfer of eCLmK beneffts wll be requirèd in Settlnt, and the amount of the obligation can be meaSUd liaY. Expenditure is dassffied by actsw. The costs of each acknty we made up of the total of dired costs and shared costs, incfuding support costs involved in undertaking each actmty. Direct Costs attributable to a single •¢.¥1ty are alocated direclly lo that Shared costs whth eontn.bute to mwe than one activity and support costs which are nol attriblrtae to a single actiw a apportioned betrn those acts'vitie$ on a basi8 nsislent wth the use of resources. Central slaff costs are t(ated on the basis of time spent. and ¢JepreLiatyon tharges are located on the porti'on olthe asset's use. 1.6 Taryible fixed ass•ts Tangle fixed assets a inrfi measured at a>st 8ubsery• rTed at cost crf valuation. net of deprec4ation and any irnpairment losses. Depreciation is recognised so as to wnle off the ¢ost or valuaith of assets less their resal values over thtrir lfvI lives on the folkjwng bases.. Leasehold land artd bldIng$ Plant and equipment Fixiures aNI ffittsng$ 10% straight lint c ovÈrthe temi of the lease 20% straight &ne 20% straKJht lin• The 98in or loss aTisirMJ on Ihe disposal ol an assel is dpternine(l as the drfference between Ihe saje pro¢e8ds and the (3ryin9 value ofthe asset. and is reg>3nised in the strtet of financial activities. 1.7 Impairmgnt of fmed assots At each rÈpth"ng end date. the ¢harity reviews Ihe carrying amounts of ts tsrsible assèts to detemine whether thère is any ir4"¢n that ISe assets ha wffered an impairYrl loss. 11 any such indicatpJn exisls. the recoAble awwnt of asset is estyn in order to detemiine the ex1ent of the impaimient loss lif any). 1A Stock¥ Stocks are stsle(l at the Iw of cost and estimated sdling price less cgjsts to comFdete and sell. Cost ¢ornprises direct matenals and. where applicable. direcl bOur costs aTrJ those overheads that have been Incrred in bringing the $tc¢ks to their present kKalN anil o)ndition. Item5 htrld lor distributKm at no nominal eonsiderabon are the kmer of reF4acunerrt cost and cost. Net reali5able value is the estimated selkng price less al esbmth costs of cc#iWeiJ"¢w) and eosts to b• In(JJrred in rnaTketsn9. sdling and distribut. 1.9 Cash and u$h equi¥¥hnts Cash and cash equivalents indude cash in hand, ¢jeFts held al call with banks. other short-terrn liquid investments with original maturities of three monlhs or less, and bank overdrafts. Bank overdrafts are $h¢)wn within borrowngs in oJThent lia1rtle3.
THE MEDWAY BADMINTON ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30APRIL 2024 Ac¢ounling policl•s IContlnu•d) 1.10 Financial instruments The tharity has eleded to apply the provbswts of Section 11 '8asic Finalla1 Instruments. and Section 12 'Other Financial In$trLKrnnts Issues. of FRS 102 to •U of its ffinarrial ir6truments. Finantial instruftts are recognised in the 113 tsalar sheet vthen the thanty become$ party lo the Contrac1 provisions ofthe instrument. Finanual assets and liabilities are offset. wth Ihe net anb)unl$ psented in the financial ststements, when there is a legally enforceabltr right lo sel off the recognised and there 15 an intention lo settle on a net basis orto realise a$set setue the liatility SittarJS1Y. Baslc finan¢lalassets Basic financial assets, 1¢h I1[e dekn5 cash and baThk balance5, we initially measured at transadion .¢ indudiThJ transa¢b"on fJ)sts and are subsequently carried at arrI1$ed (a)st using Ihe effective interest r)Wiod unless the affangement constitutes a financing transactron. where the transaction is measured al the present value of the firture receipts discounted at a martet rate of interest Finanual assets classified as rttvable ithin one year are not amNti$¢d. 8asle flnanclal Ilabilltses Basi¢ finantyal li"lrties. induding ¢Yert3 and bank loans are initially recogni5ed at transa¢Xion pric unles5 the arrangement constitutes a finanang transact. where the debt instrum&rt is measured at the present value of the ftjture payments discounted at a market rate of interest. Finantial liabilrties classffied as payable within one year are not amort. Dèbt instrun&nts are subSeqrItty carrd at arTh)rtised cost. using the effecbve interest rate method. Trade ¢re(knrs are obligations to pay for glS or services that have been acqLred in the Ofdinary course ol operation5 from suppliers. Amounts payable are classffied as Culnt liabilrties rf payment is due within one year or less. If not, they are presented a$ rth-cuInt lth"lities. Trade Cfeditors are recognisèd initially at transathon price and sUbseqAt rrE•sured at wn(xb"sed cg)sl usiry effecb.ve interest Met#. Dere¢ognition of financialliabilifies Finanoal knalyllts a derecogni5ed Wh ts c's rjxrtrxlual obligatws exwre or #o discharyed or ¢an¢elled. 1.11 Effiploy b•n•ffts The cost of any unused hdiday ¢nlid¢rnnt ts r•¢>)wis¢d in lh• p•nod in whi¢h the employee's servws are receivèd. Terminalim beffi15 are rewjnised immediatety as an expense when the charity 15 deTh¥)nstrabty committe(I to terminate the employrrnt of an employee or to provide tem)ination benefft$. 1.12 R•tir•mènt b•nèfits Payments to define¢1 ¢ontrbbu1 re.rrtt benefrt schemes a charged as expense a$ they frall due.
THE MEDWAY BADMINTON ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Critical accounting ¢stimat¢s and judgwnwts In th¢ aoicakn of the tharity's wxounting pokns. the trustees we required to make ludwts. estsmate and assumptsws about Ihe carryiroJ amount of assets and babililies that are not adIlY apparent from other source5. The estimates and assctiated assumptions are based on histor1 experience and other factors that are cOnsided to be relevant. Actual results may drffer from these estimates. The estsmales and underIng aSyJmpliLS ars re¢ed an wirwj bag$. Re¥ision$ to aCCntIng estimates are TecoJn15ed in thè peri1 in which the eskn.mate is revised ¥there the revision affèds onty that period, or in the perioj of the revbsion and ftjture period5 vA)ere the revision affects both current and future FericKIs. In¢om• donatlons and kn9acies Unrn5tri¢ted fvnd5 2024 Unrestri¢tsd funds 2023 Oonalion5 and gifts Grants receivable 1.103 2.449 1.137 2,449 3.552 3.586 Incom• from charltbltr 4¢tivlties ilnrestrictsd Unrestricted fvnds funds 2024 2023 Incom• from ch•rltablty 4¢tivltlos Hall COrne 74,031 69,478 Income from othor trnding acli¥ill•s Unr•str•ctèd Unr•strfcted fvnds funds 2024 2023 Bar incune Kilchen income Sports shop income 14,859 407 21.915 11.336 670 19.908 Other Irh"ng a¢tMtyes 37.181 31,914 10-
THE MEDWAY BADMINTON ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 unrnstr1ct Unr¢strlet•d funds lunds 2024 2023 Oividends Interest e*l¥#ble 847 1,292 2,752 3.593 2.139 Other in¢(me Unrestrktod Unrnstrieted fvnds 2024 2023 A¢fvertis¥wJ 200 exp•ndilur• on rnising Unr•strlcted UnrnstrSct•d funds funds 2024 2023 Cost of other tr•ding activiti•s Sports shop Kitchen 24.280 214 6,917 23.998 2,418 31,411 26,704 11
THE MEDWAY BADMINTON ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 Analysls of •xpwdlturo ort ¢h•ritabl• •¢t•vitres Exp•ndSture Expenditure on on chariiable charitsble actlvities activitles 2024 2023 Staff costs Depre¢iaiKJn and iryalfflt Purchases Rent ght and heat Repairs and rnasntenance Insurance Telephone Other office costs Printing, F¥)8tw and Stanary CoachirKJ fees 41.326 6,036 1.255 3.038 5.28S 2,709 1.411 719 2,260 1.080 5.081 38,764 6.206 1.047 582 5,751 22.809 1,314 490 3,195 472 5,601 70,200 86.231 Govemance cosls (see note 101 1.850 1.750 72,050 . 87.981 10 Governanc• costs Gov•mancg costs 2024 Total 2023 Independent examiner5 fee 1.850 1.750 11 Met mo¥omgnt Sn funds 2024 2023 The net movement in lunds is aftef chargiWlcredth"ng)." Depreryation of o¥Nn¢d tangibte fixed assets 6.036 6,206 12 Trust•• renumeration and èxpen V S Y¢)ung. a trustee, received £4.519 fty ry)artMng fees thn9 the year12023- £4,004). No other trustees received remunerdts.on or expenses du.9 Ihe current or wevic¥Js year. 12-
THE MEDWAY BADMINTON ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 13 Employees The average monthFy number of effWoyees duritNJ the year was.. 2024 Number 2023 Number Genefal staff Employmanl Costs 2024 2023 ges arbJ salaries ial security costs Othèr pension costs 40,925 33 38,764 41.326 38,764 There were no employees wthose amLtyI reWrat rn rrwe Ihan £60.0W. 14 Taxation T¥xalion ¢osts indude Cratr) tax of nl12023." n. 15 Other gains or losses Unr•stri¢ted Vnrnstricted funds 2024 2023 (Gainsyjosses on listed investments 17.308) {1,1341 -73-
THE MEDWAY BADMINTON ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 16 Tanglble fixed assets Lustrhold Plart and FIAturos and land and •4uipmtnt Total Cost At 1 May 2023 Additions 261.504 3.843 37.388 682 302,735 682 At 30 April 2024 261.504 3,843 38.070 303.417 Oèprecialion and impairni•nt At l May Z023 Depreaation tharged in the year 92,614 3,650 33.270 1.807 128,544 6.036 579 At 30 April 2024 96.264 3.239 35,077 134.580 Carrying amount At 30 April 2024 16S,240 604 2.993 168,837 At 30 April 2023 168.890 1.182 4,119 174,191 17 Stocks 21124 2023 Raw materials and corwmables 9.729 7,408 18 O•btors 2024 2023 Amounts fallin9 du• fhithin on• y•ar. Other debtors 1,788 2.915 19 Curr•nt asset investm•nts 2024 2023 'sted investments 172.348 154.445 14-
THE MEDWAY BADMINTON ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 20 Crndilorn: amounts falling due within ong year 2024 2023 Corporation tax pay4e Defe income other ¢redrt¢ys A¢wal$ and defeffed incg)me 326 2.449 19 2.299 326 2,449 21 2.106 5,093 4.881 21 Grants and def•rr•d In¢om• 2024 2023 Other defeThed income 132.297 134.745 Deferred income 1$ indLthd in the finantsal ststements as folkws.. 2024 Deferred income is induded V1.. Defwred govemment grants due one year Defefred 9o¥•mrYwl grants due after ry4Jre than one year 2,449 129,848 2,449 132,296 132,297 134,745 Movements in the year. Deferred govemmenl grant inrryne at 1 Play 2023 AJnwnt of gOverrn1 grant released to i)Me 134,745 {2.448) 137.194 (2.4491 Delefred #)o)me at 30 %vril 2024 132.297 134,745 22 Rtirnm•nt b•n•fft s¢h¢m 2024 2023 Defined contribution seh•m•s Chafge to profit or loss in ffjspe¢t cl defined Contri $chenS The ¢harity operales a defined Clmr*rtion pension sch8mè for all qualfying employees. The assets of the stherre a held separately from those of the ¢hanty in an irthperylenlly administe fvnd. 15-
THE MEDWAY BADMINTON ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 23 Unreslrlcted lunds The unr•stricted fund$ of the tharity coThwse the LmexFended balarK¢s of&al$ arhy gr which are not subject to sperific (¢)ndition5 by donors and grontor5 a5 to how they may be used. These indud designale(I funds vthLth have been set agde out of unrestricled funds by Ihe tsu51ees for 5peryfic purposes. At 1 Play 2023 IncoThing Resources G•ins and 10sse$ At 30 April 2024 General fvnds 210.428 118.557 {103,461) 7,308 232.832 Pr•vious year: At 1 IAay 2022 Incoming Resources Gains and losses At 30 Aprll 2023 Genèral fvnds 216,662 107,317 (114,6851 1,134 210.428 Anatysls of n•t assets teTh fvrtts Unre$tri¢tsd funds 2024 At 30 Apfil 2024: Tangible ay6ets Current assetsllliabilitiesl Provt&on$ and deferred income 168,837 193.843 1129,848} 232,832 Unrèstricted fund 2023 At 30 April 2023- Tangible assets Current assetsllliabilitiesl Provisions and defer income 174,191 168,533 1132.2961 210.428 16-
THE MEDWAY BADMINTON ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30APRIL 2024 25 Operating l••se ¢ommttmeTrts At the reports"n9 end ¢Jats the chanty had ndiThJ fur future miniThun lea¥e payments under norpcancellat4e operab'ng leases. Vlbith fam due as follows: 2024 2023 ihin onè yeaf Ben two and five years In er five year5 1.4cwJ 5.600 89,417 1.400 5,600 70,817 76.417 77.817 26 R•latsd p#rty transa¢tlons All related ts8nsactKJns have bew detalled 12 under tmstse remunèrab.on and expenses. The are no olher rdated paty transxtion5 to disdose. 17-