Ch*rlty f•gl$tr*tion numb•r 1187897 ¢¢)mpary wlstr•llon numb•r 01755S72 IEngl•nd and W*lesl THE MEDWAY BADMINTON ASSOCIATION LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024 NllNI *ADV30K14* 2710112025 COMPANIES HOUSE THE MEDWAY BADMINTON ASSOCIATION LIMITED CONTENTS Tntslees. rewt Statem?nl of •cbbit 7-17 THE MEDWAY BADMINTON ASSOCIATION LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 30APRIL 2024 The trustees. art 4so the <*rectors for the purposes of company I￿. present the￿ report and the unaudited finonrial statemer)ts of the thaiity for the year errfled 30Awl 2024. Ref•rène• and admintstrative details G T Slnrthers H T J Athawes N W M•nertzha9*FV4Is AJ Picariello K Rogers C Spriry VSYoLry P H Stephenson (to 07107r20231 S Thompsw (to 11107r2023) S¢er•tsry G T Stnrthers Charity number 1187897 Company numb•r 01755572 Reglstered offi ca$￿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 pU￿1C in the Medway towns and sUtr￿￿lIng 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$. the NHS arbj wih both Mettway C￿r￿lI Sports DeVelO￿trnt ¥n(S Kent Swls Developmenl Units to ensu￿ our airn5 fuuy refie¢t the wJrF*)ses Ihat the tharity was set up lo frjrther. ￿ review our aims, objectives. and ath"vities each year. This review would normalty look at what we have achwed in the previous 12 months, if any changes of direction a￿ needed ￿ rf we can inuease our presence in kncal sth¢x)1s and the community. The Kqe(hvay 8anyladeshi group IMGB} C(￿linVe to usè Ihe MBA for stitial and rètleatstsnal play wth the MBG using our f¥¢lities to hosi compet￿"ve toumaments. MBA continue5 after school clubs for the sècondary schools and is in the pro¢e$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 obl￿S and in planning our fvture adivrties. In party"cular, the trustees cvnsider tLOW Ptaft￿d a¢*ivib"es wll contribute to the aims and objectives th*y have sèL Achievements and p•rfomMnce We have a booking 5y$twn which enatAes member5 and Viytors io the MBA io benefit trc¥n our work and have acLess to CAJUrt5 to play * a l&¥d silltat4e frm themselves. run Juni(x i))a¢hing ses*ons all day Saturday, Sunday momings artd Monday after SchC￿ and a restru¢XurirvJ of the Saturday set up has enabled us to admit all the childien that were on Ihe waib.ng list into adth.onal beginners. groups. This gives the thildrtn Ihe opportunity to leam skills, tactics. and rules of the game. It improves their lèvds of rrtnèss ar￿ ff￿ntaI hèahh. working together and behaving in a 3oaally acceptable way. ￿ are thys I0￿1n9 to tra"n the children to the wnt where they can play ler dubs. and some obtain r￿Unty standaid. We provit1e'ladies Onl￿ sessions d￿rrfJ the day and one of our Ladies Groups held a Valentines evenl in Febft￿ry, 7•rith eath p*er gcmng home wrth a rèd lose. A￿Ve￿.51t)g in a locally published free magazine has been very SLKcessful in recrnth.ng la(1￿5 that are Inte￿$ted in i￿TrIng 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 fa￿lY 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 SUPF*Yt 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 s￿l0r 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 Oecen*er 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 apwoxirY*tety 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 investrF*nts gain durin9 the year was £7,30812023- £1.134). The detailed accounts are on the k41ty*ir¥J pages. The trustees have c(¥nplied with the duty in Sectjon 17151 of the Chafibes Act 2011 to have rewd to 9￿dar 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 ￿ OFwalK￿l 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 iThjir￿d 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 finar￿s. 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 dev*lopw*nt plan on app¢yntment. Sm•ll company provision$ This report has been prepa￿1 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 st*emonts 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* ￿rF￿e¥ of o)mpany Iw).you are r•sponsit4è for the prepaiation of Ihe finarKial st*ements in accLJrdarKe wth the requ¥ements of Ihe Companies Act 2006 (the 2006 A¢ti. Having satisfied myself thal the ffinanual staleft￿nts 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 charit￿s Acl 2011 {the 2011 Act). In carrying out my examination I have fc41owed all the appliCa￿e 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 eonr*c*"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 ot￿r than any requirement that the ac£ounls give a true a￿1 Pair whith is [￿t a matter ojnsidered as part ol an indèpendent examinatiC￿,. or the financial statements have I￿t 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 g￿ne¢￿)n with the examirwb.ffi to which attèntion should be in this rertht in ¢)rd¢rto enable a proper understsndiro of financial statem￿ts 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 d￿ritable actiwtbes 172.050) 187.9811 T.otal charftabl• exp•ni￿l￿rn 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 ststeff￿t 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 FI￿d 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 un￿tri￿ed 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 cl￿WanieS Act 20C6 The memtéfs have not required the ¢ryryany to c•Aain ￿ aAdit of rts financial sl*eriwts f￿ Ihe year in quèsth.on accrydan¢e Y￿h 5e¢*"M 476. These financial statements *￿e been Prepared in.xcordance *ith Provisions a￿1c4b'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 incst 8ubsery• r￿Ted 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 res￿￿al values over thtrir l￿fvI lives on the folkjwng bases.. Leasehold land artd b￿ldIng$ 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 strte￿t 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 ir￿￿4￿"¢n that I￿Se assets ha￿ wffered an impairYr￿l loss. 11 any such indicatpJn exisls. the reco￿Able 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 Inc￿rred in bringing the $tc¢ks to their present kKal￿N anil o)ndition. Item5 htrld lor distributKm at no nominal eonsiderabon are the kmer of reF4acunerrt cost and cost. Net reali5able value is the estimated selkng price less al esbmth costs of cc#iWeiJ"¢w) and eosts to b• In(JJrred in rnaTketsn9. sdling and distribut￿. 1.9 Cash and u$h equi¥¥hnts Cash and cash equivalents indude cash in hand, ¢jeF￿￿ts held al call with banks. other short-terrn liquid investments with original maturities of three monlhs or less, and bank overdrafts. Bank overdrafts are $h¢)wn within borrowngs in oJThent lia￿1rtle3. THE MEDWAY BADMINTON ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30APRIL 2024 Ac¢ounling policl•s IContlnu•d) 1.10 Financial instruments The tharity has eleded to apply the provbswts of Section 11 '8asic Final￿la1 Instruments. and Section 12 'Other Financial In$trLKrnnts Issues. of FRS 102 to •U of its ffinarrial ir6truments. Finantial instruft￿ts are recognised in the ￿￿11￿3 tsalar￿ sheet vthen the thanty become$ party lo the Contrac￿￿1 provisions ofthe instrument. Finanual assets and liabilities are offset. wth Ihe net anb)unl$ p￿sented 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$set setue the liatility Si￿￿ttar￿JS1Y. Baslc finan¢lalassets Basic financial assets, ￿1¢h I￿1[￿e dekn5 cash and baThk balance5, we initially measured at transadion ￿.¢￿ indudiThJ transa¢b"on fJ)sts and are subsequently carried at ar￿rI1$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 rtt*vable *ithin one year are not amNti$¢d. 8asle flnanclal Ilabilltses Basi¢ finantyal li*"lrties. induding ¢Ye￿rt￿3 and bank loans are initially recogni5ed at transa¢Xion pric* unles5 the arrangement constitutes a finanang transact￿. where the debt instrum&rt is measured at the present value of the ftjture payments discounted at a market rate of interest. Finantial liabilrties classffied as payable within one year are not amort￿. Dèbt instrun&nts are subSeq￿rItty carr￿d at arTh)rtised cost. using the effecbve interest rate method. Trade ¢re(knrs are obligations to pay for g￿lS or services that have been acqL*red in the Ofdinary course ol operation5 from suppliers. Amounts payable are classffied as Cul￿nt liabilrties rf payment is due within one year or less. If not, they are presented a$ rth-cuI￿nt lth"lities. Trade Cfeditors are recognisèd initially at transathon price and sUbseq￿At￿ rrE•sured at wn(xb"sed cg)sl usiry effecb.ve interest Met￿#￿. Dere¢ognition of financialliabilifies Finanoal knalyllt￿s 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 be￿ffi15 are rewjnised immediatety as an expense when the charity 15 deTh¥)nstrabty committe(I to terminate the employrr*nt of an employee or to provide tem)ination benefft$. 1.12 R•tir•mènt b•nèfits Payments to define¢1 ¢ontrbbu1￿ re￿.￿rr￿tt benefrt schemes a￿ charged as ￿ expense a$ 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 ludw￿ts. 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 histor￿1 experience and other factors that are cOnside￿d to be relevant. Actual results may drffer from these estimates. The estsmales and underI￿ng aSyJmpliL￿S ars re￿¢￿ed ￿ an wirwj bag$. Re¥ision$ to aCC￿￿ntIng estimates are TecoJn15ed in thè peri￿1 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 charlt*bltr 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 Ir*h"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 iryalffl￿t Purchases Rent ght and heat Repairs and rnasntenance Insurance Telephone Other office costs Printing, F¥)8tw and Sta￿nary 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 th￿n9 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 re￿Wr￿at￿ rn rrwe Ihan £60.0W. 14 Taxation T¥xalion ¢osts indude C￿r￿atr￿) 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 pay*4e 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 V￿1￿.. 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 gOverr￿n1 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 R*tirnm•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￿ $chen￿S The ¢harity operales a defined Clm*r*￿rtion pension sch8mè for all qualfying employees. The assets of the stherre a￿ held separately from those of the ¢hanty in an irthperylenlly administe￿￿ fvnd. 15- THE MEDWAY BADMINTON ASSOCIATION LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2024 23 Unreslrlcted lunds The unr•stricted fund$ 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 ￿t*￿eTh 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 Be￿n 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-