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|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|
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|||||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|
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||||||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|
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|-|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|
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|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|
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|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|
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|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|
##
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|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|
##
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|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|
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