| Contents | ||
|---|---|---|
| Trustees' Report | Page 3-8 |
|
| Independent Examiner's |
Report | |
| Statement of Financial |
Activities | 10 |
| Balance Sheet | 11 | |
| Cash Flow Statement | 12 | |
| Notes to the Financial Statements | 13-21 |
| Unrestricted | 2020-2022 | ||||
|---|---|---|---|---|---|
| funds | Total | ||||
| Income | Note | f | f | ||
| Donations | and legacies | 3 | 669,765.02 | 669,765.02 | |
| Charitable | activities | 4 | 139,670.96 | 139,670.96 | |
| Other trading activities | 15,520.00 | 15,520.00 | |||
| Investment | income | 0.00 | 0.00 | ||
| Total income | 824,955.98 | 824,955.98 | |||
| Expenditure | on: | ||||
| Total expenditure | 108,829.74 | 108,829.74 | |||
| Net income | 716,126.24 | 716,126.24 | |||
| Net movement in funds |
716,126.24 | 716,126.24 | |||
| Reconciliation offunds | |||||
| Total funds | brought | forward | 0.00 | 0.00 | |
| Total funds | carried | forward | 716,126.24 | 716,126.24 |
| 2022 | 2022 | |||||
|---|---|---|---|---|---|---|
| Fixed assets | E | f | ||||
| Note | ||||||
| Land & Buildings | 224,770.46 | |||||
| Slope | 238,722.73 | |||||
| Ski, Snowboarding | &Tubing Equipment | 20,087.35 | ||||
| Slope Equipment | 1,288.79 | |||||
| Instructor | Uniforms | 0.00 | ||||
| Computer | Equipment | 557.71 | ||||
| 485,427.04 | ||||||
| Current assets | ||||||
| Investments | 9 | 2.00 | ||||
| Debtors | 10 | 5,622.23 | ||||
| Paypal | 661.60 | |||||
| Bank deposit and current accounts | 230,418.04 | |||||
| 236,703.87 | ||||||
| Creditors: amounts | falling due | within one year | 6,004.96 | |||
| Net Current Assets | 230,698.91 | |||||
| Net Assets | 716,125.95 | |||||
| Funds | ||||||
| Unrestricted income |
funds | 716,125.95 | ||||
| Total funds | 12 | 716,125.95 |
| Cash flow statement | |||||||
|---|---|---|---|---|---|---|---|
| for the period 11th December 2020to31st March 2022 | |||||||
| 2020-22 | |||||||
| Note | |||||||
| Net cash provided by/(used in) operating |
activities | ||||||
| Net movement in funds |
716,125.95 | ||||||
| Adjustments to cash flow |
from non | cash | items | ||||
| Deduct interest ÷nd |
income | 0.00 | |||||
| Add back depreciation | 55,572.83 | ||||||
| Tangible fixed assets acquired from April 2020 |
Kendal | Snowsports | Club (CASC) on 1 | (443,802.76) | |||
| 327,896.02 | |||||||
| (Increase)/decrease in investments (Increase)/decrease in debtors |
(2.00) (5,622.23) |
||||||
| Increase/(decrease) in creditors |
6,004.96 | ||||||
| 328,276.75 | |||||||
| Cash flows from investing | activities | ||||||
| Interest and dividends | 0.00 | ||||||
| Purchase oftangible fixed | assets | (97,197.11) | |||||
| Net cash (used in)/provided | by investing | activities | (97,197.11) | ||||
| Change in cash and cash equivalents | in the | period | 231,079.64 | ||||
| Cash and cash equivalents | brought forward | 0.00 | |||||
| Cash and cash equivalents | carried forward | 231,079.64 |
| - | Freehold | Land & Buildings | 0.00% | Straight | line basis |
|---|---|---|---|---|---|
| - | Slope | 11.11% | Straight | line basis | |
| - | Ski, Snowboard and Tubing Equipment |
20.00% | Straight | line basis | |
| - | Slope Equipment | 20.00% | Straight | line basis | |
| - | Instructor | Clothing | 25.00% | Straight | line basis |
| - | Computer | Equipment | 25.00% | Straight | line basis |
| Fixed assets | |||||||
|---|---|---|---|---|---|---|---|
| Land 5 Buildings | 224,770.46 | ||||||
| Slope | 200,474.58 | ||||||
| Ski, Snowboarding | RTubing | Equipment | 16,002.49 | ||||
| Slope Equipment | 721.26 | ||||||
| Instructor UnifOrms |
518.53 | ||||||
| Computer Equipment |
1,315.44 | ||||||
| 443,802.76 | |||||||
| Current assets | |||||||
| investments | 2.00 | ||||||
| Debtors | 0.00 | ||||||
| Paypal | 0.00 | ||||||
| Bank deposit and current accounts | 231,350.31 | ||||||
| 231,352.31 | |||||||
| Creditors: amounts | falling due within | one year | 5,390.05 | ||||
| Net Current Assets | 225,962.26 | ||||||
| Net Assets | 669,765.02 | ||||||
| Goodwill | (669,765.02) | ||||||
| Total Consideration | 0.00 | ||||||
| 3Income from donations and |
legacies | ||||||
| Unrestricted | 2020-2022 | ||||||
| funds | Total | ||||||
| f | f | ||||||
| Donation from Members' Club: |
Negative | goodwill | written | off | 669,765.02 | 669,765.02 | |
| 669,765.02 | 669,765.02 |
| rom cha | ritab | le activities |
||
|---|---|---|---|---|
| Unrestricted | 2020-2022 | |||
| funds | Total | |||
| f | f | |||
| Instruction | 55,496.82 | 55,496.82 | ||
| Membership | 30,705.01 | 30,705.01 | ||
| Tubing | 1,845.00 | 1,845.00 | ||
| Open Sessions | 15,720.00 | 15,720.00 | ||
| Holiday | Activities &Food Programme | 2,150.68 | 2,150.68 | |
| Groups | 3,777.00 | 3,777.00 | ||
| Equipment | Hire | 19,495.00 | 19,495.00 | |
| Klam | 0.00 | 0.00 | ||
| Shop | 2,173.45 | 2,173.45 | ||
| Sundries | 7,702.64 | 7,702.64 | ||
| Vending | Machine | 886.29 | 886.29 | |
| Cash Up/(Down) | (281.22) | (281.22) | ||
| 139,670.67 | 139,670.67 |
| om other tr | ading activities | ||
|---|---|---|---|
| Unrestricted | 2020-2022 | ||
| funds | Total | ||
| f | f | ||
| Income received from Kendal Ski Club Car Park Limited | 6,000.00 | 6,000.00 | |
| Government | Covid Related Grants | 9,520.00 | 9,520.00 |
| 15,520.00 | 15,520.00 |
| ure | ||||
|---|---|---|---|---|
| Unrestricted | 2020-2022 | |||
| funds | Total | |||
| Equipment Purchases |
1,325.57 | 1,325.57 | ||
| Clothing Purchases |
1,008.72 | 1,008.72 | ||
| Publicity | 1,007.00 | 1,007.00 | ||
| Vending Machine |
842.23 | 842.23 | ||
| Charitable Donations |
100.00 | 100.00 | ||
| Training Costs & | Race Entry Fees | 4,108.98 | 4,108.98 | |
| IOam | 21.00 | 21.00 | ||
| Water | 5,972.49 | 5,972.49 | ||
| Electricity | 6,027.76 | 6,027.76 | ||
| Office | 8,303.34 | 8,303.34 | ||
| Professional Fees |
948.00 | 948.00 | ||
| Maintenance-Tow | & | Slope | 4,825.91 | 4,825.91 |
| Maintenance-Skis Maintenance-Ski |
&Boots Lodge |
(6.00) 2,042.19 |
(6.00) 2,042.19 |
|
| Cleaning | 1,452.69 | 1,452.69 | ||
| Refuse Collection | 980.50 | 980.50 | ||
| Bank, credit card | and | PayPal charges | 2,483.95 | 2,483.95 |
| Insurance, Affiliation |
&Subscription | 8,972.78 | 8,972.78 | |
| Trophies & Engraving | 854.91 | 854.91 | ||
| Refreshments &Social Events |
1,984.89 | 1,984.89 | ||
| Depreciation | 55,572.83 | 55,572.83 | ||
| 108,829.74 | 108,829.74 |
| fixed assets | ||||
|---|---|---|---|---|
| Freehold | Land | Ski, Snowboard | ||
| & Buildings | Slope | 5Tubing Eqpt | ||
| Tangible Fixed Assets |
E | E | E | |
| Acquired 1st April 2021 |
224,770.46 | 368,398.21 | 27,612.73 | |
| Additions | 0.00 | 86,374.30 | 9,919.68 | |
| C/fwd 31stMarch 2022 | 224,770.46 | 454,772.51 | 37,532.41 | |
| Depreciation | ||||
| Acquired 1st April 2021 | 0.00 | 167,923.63 | 11,610.24 | |
| Depreciation for Year |
0.00 | 48,126.15 | 5,834.82 | |
| C/fwd 31stMarch 2022 | 0.00 | 216,049.78 | 17,445.06 | |
| Net Asset Value | ||||
| Acquired 1st April 2021 |
224,770.46 | 200,474.58 | 16,002.49 | |
| C/fwd 31stMarch 2022 | 224,770.46 | 238,722.73 | 20,087.35 | |
| Slope | Instructor | Computer | ||
| Equipment | Uniforms | Equipment | ||
| Tangible Fixed Assets |
E | E | E | |
| Acquired 1st April 2021 |
1,282.20 | 4,026.66 | 3,030.88 | |
| Additions | 903.13 | 0.00 | 0.00 | |
| C/fwd 31st March 2022 | 2,185.33 | 4,026.66 | 3,030.88 | |
| Depreciation | ||||
| Acquired 1st April 2021 |
560.94 | 3,508.13 | 1,715.44 | |
| Depreciation for Year |
335.60 | 518.53 | 757.73 | |
| C/fwd 31st March 2022 | 896.54 | 4,026.66 | 2,473.17 | |
| Net Asset Value | ||||
| Acquired 1st April 2021 |
721.26 | 518.53 | 1,315.44 | |
| C/fwd 31stMarch 2022 | 1,288.79 | 0.00 | 557.71 | |
| Total | ||||
| Tangible Fixed Assets |
f | |||
| Acquired 1stApril 2021 | 629,121.14 | |||
| Additions | 97,197.11 | |||
| C/fwd 31stMarch 2022 | 726,318.25 | |||
| Depreciation | ||||
| Acquired 1st April 2021 | 185,318.38 | |||
| Depreciation for Year |
55,572.83 | |||
| C/fwd 31stMarch 2022 | 240,891.21 | |||
| Net Asset Value | ||||
| Acquired 1st April 2021 | 443,802.76 | |||
| C/fwd 31st March 2022 | 485,427.04 |
| Trade debtors | 1,517.00 |
|---|---|
| Prepayments | 4,105.23 |
| 5,622.23 | |
| 11Creditors: amounts falling due within one year |
|
| Trade creditors | 2,822.91 |
| Other creditors | 650.05 |
| Amount due to Kendal Ski Club Car Park Limited |
2.00 |
| Accruals | 2,530.00 |
| 6,004.96 | |
| 12Total Funds | |
| Unrestricted | |
| funds | |
| Balance at 11December 2020 | 0.00 |
| Incoming resources | 824,955.69 |
| Resources expended | (108,829.74) |
| Balance at 31March 2022 | 716,125.95 |