isternd Cha No. 285285 THE PRIMAR CLUB REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024
THE PRIMARY CLUB AccouKfs FOR THE YEAR ENDED 31 MARCH 2024 Conl•nts Paga Report of the Trustees Independent Examinerfs Rewt Slalement of Finandat Activitses BalarKe Sheet Notes Fomiing Part ofthe A£counts 9-13 The follcwing does not frym part ofthe statLrtory accourrts.. Dolailed Income and Expenditure Account 14
THE PRIMARY CLUB REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Report of the Trustsos The Trustees present th[ annual report and fin8nclal ststement8 the year ended 31 Mah 2024. The financial statements have been prep¢d In accordance th the accxJJnting polioes set OLrt in noto 1 to the accounts aThJ comply wth the Charibes Act 2011 and AntiTrJ and Reportlng by Charthes.. Stslement of Recommendwj Pract8 applKable to charibes preparing their accounts in accordance vthh the Finanual Reporting Stsndard (FRS102) applicable in the UK and Republlc of Ireland (effedve 1 January 20191. In recent years. tha Trustess h8v¢ elected lo take advantage of the av8Slable audit exemptlon and have the accounts independenty examlned Instead. This has reww In smanthcant co81 savw8 and the Trustees have deudod to continue wrth this wlicy. Otyectlv•s and Acllvlt188 ftr tho publlc b•n•lll The Prlmary Club rthe Clubl ests to wovlde for the SFcttng and recre8Ional red$ of the tllnd arrfj parU81fy sighted throughout the UK. Most of the Club's income come8 from members, donatlon8 supplemented by legades and is used to SUPFOrt a vlde v8rf8ty of prolects. The Trusteas hav8 referred lo th6 guldan¢é contained In the Chaty Commls51on'$ genoral guidonco ort publ1¢ bènefrt when revlewng the Club's aims and objectives and in planning Its future activities. In particular, the Trustee5 conslder how F4anned actfvrties will contribute lo the alms and ectiveS whkh they have set. The Trustees have full discrellon over whtd) projects wll be 8UPPort&. In exttc181ng that d18cretlon. they have regard to th6 folk)yn9 crtt8rla'. All prolects musl rdato dearly to tho 8Fwxttng arwyor rocroational need8 of tha bllnd and parually sighted. The Trustee8 generaltry wefer to 8WOrt 'gras8 root8, and '8tart up. activitt88 rather th. for example, Inlemallond 188m8 of w8ually Impalred spottsmen 8rKY VlMen. Thè Tru8tee8 generalty pr•fer to fvrvj the vthole of the co81018 project, even whore thls 18 swead across two or more yews, ralhw to be one of a number of contrlbulorn. Thè Trustaes generalty prefer lo support running costs or Ihg purch850 of oquipment, 88 dI8ncE from it8m8 8ignificantly increase the reoKi8nt'8 long-torm as$6t base. ile Ihwe 18 no geographical limilallon to the support whlch can bg provided anywhere wilhln the UK, the Twstees are keen to encourage applications from clubs and schools in Scotland, Wales and Northem Ireland whkh 8re under-represented at the moment. The Tru8ts88 glve fvlr vcluntarlly lo hdp meet the oblthes of the Club. They r8¢9fv9 no remuneration or expen8e8. hlonltorlpg achlevement The Club's 8ucce88 Is evaluated ty measwlng the propjlion of lolal inc•)me whlth18 devoted lo grant maklng actmtles and the number and amcmjnt of grant8 m&le In each year. However. because Income Is derlved ovethelmingty from donations and ades whith are by the(r nature unpredlctable,1118 not aFpropriale lo sel targets against vthi¢h overall financial performance Can be monitored. The Trustees r8viw each grant application in detsil and ask wipients lo provide evidence of how past grants havg been usod. They report their general conctusions to members in the annual newsletter, which indudes appropriat6'ca8e 8ludle8'. 88 wel as the Ctub's website.
THE PRIMARY CLUB REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Bu¥lne¥s and Flnanclal Re¥1 The results for the year are set on Fwge 7 of the accwnts. The Tntstees consider the 8tate of affaks of the Club to bo satisfactory. The Club's princip funding 80urctt are currenlly membership SLtiscrIns and donatic. supplemented by legacies. All funds are kept In current xcounts and interest-bearing deposits. In principle, and subject to sullable applICatnS for SUPFQrt being receNed, the Tnjstees alm lo dislrfbule the regular Sncome recèlved each year arKI not to maintsin reserves beyond what is needed for admlnlslratson. However, because legacy IrMe{S unpredictabla, the Trustees have forrnulatod a pollcy of retaining a proportion of any substantial legacies receNed and distrlbutlng th¢s over a period In order to avoid excessive fluctuations in the support %thich the Club is able lo prtide. Under current accounting practlce, this will result in surpluses being reported in those yeais when substantial legacy income Is recognisod, followed by defici18 in the years when k18 used to augment the distribution of regufar income. As noted last ye8r. the thanoal 8tatèmert8 for 2022r23 kWuded Income from malor leg8de8'. £185k from the late Kenneth G James and £200k from the late Ethel Murray. The Trustee8 are very aFpreeiattve of Ihgse substantial bequests, have enabled a significant 6xt8nslon In the Club's grant making. In 2023r24, the Trustees would also Ilke lo express apwaciation for 8 fvrthor legacy of £14k from the late Chrfstopher Larter. Slnce the end of the year, the Club has been ase of a further logacy of £45,CW. Al the date of aFproval of the financlal statements th6 legacy has not yet been received arKI 88 the Club wa8 not ndified ol the legacy 81 the balan¢0 sheet date. this has not been included in the flnandal statements In accordance vlth the requlrements of Statement of Recommended Practice ISORPI. FollgvAng th• recglpt of the Jome8 legacy, the Trustees decided to invtte fiJndlng OptionS lor projects whl¢h, while consislanl the Club's nomial criterla, were outslde the usu81 range of a¢tivlties andlor amount. Parucular emphasls was a¢ed on piojecl8 that damonslrated either innovation or collaboration b&tween or9arusalions lo achwo something which could not bg athieved abne. Dislributsons lolalling £139k were made to 11 successful applicants. in add0 to grants of £187k approved thrcwh the norm818Mual procoss. Plans for Future Perlod• The Trustees aim to reviff4V the Club's pmmotional and fuTrJra181ng ac11vleS to broadèn the ggraphiCal range ol organisations whlch r( supports. ccfflsislenl the gener81 polky described abov•. R8cent legacy Income has teen such that. after making the grtnts noted above, the Club's reserves at 31 M8rch 2024 Stood at £278k. The Trustees plan use these bJnds as follows.. lo meet the se¢ond yew costs of certaln twm proAects akeady fded undèr the James Fund.. to ld one or more fijrther fundral8lng rOurlS on the Ilnes of the James Fund, In honour of Ethel Murray,. and to retsln a balance which ill help to WOtt thè thl of futur8 gran1$ In years when no legacy income 1$ available.
THE PRIMARY CLUB REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Structsrg, Governance and Management The Club is an unincormed assccpbon, gov8med by a set of rules last amended on 20 February 2006. and is a registered charity number 285285. The officers of the Club and the other Trustees are appolnted by a majortty resolution of the Tnjstees and may MOVed ty a similar SLth resolLrtion. Induction for new Trustees is athieved thrcwh attendance al TNstee meetings piior to appointment and through dis(yJssion wrth individual officer5. At the annual Trustees. meeting. the Trustees agree the br¢1 strategy aTrJ areas of actw of the Club consider applications for grants in the context of agreed criteria and current financial projectSon$. Tre day to day administration of the Club aTrJ the processing and handling of grant appIaOnS prior to consideration by the Trustees is delegated to Ihe Hon se813ry and the Hon Treasurer. Lydia Greenway reslgned as a Trustee effect from 20 March 2024 due to her V•t)rk commitments. The Trustees wsh to express their gralibjde for her contrilyJtion to work of the Club. Chri8 Lartham stepped dovm trn hrs role as Honorary Se• on 31 March 2024 and hi$ pla h88 been taken by Nlcole Pdkjck, wtKJ also became a Trustee effect from 18 March 2024. Chris has worked tirelessly and with great skill as the HOnCary Secretary for the last 20 years and the Club owes hlm an enormous debt of gratitude. The Trustees are delighted that Chris wll be remaining as a Twstse and that his expwience and aoknce will continue to be avai1*4e to his successor. The Trustees were sad to leam of the death on 15 April 2024 of the Patron. Derek UndeNood MBE. The Board wsh to place on record their appreci8tion of the many years of support that he gave to the Club. as well as to the game of cricket and lo hls country. The Trustees are very pleased that another distinguished former CTicketsr. Stuart Broad CBE. has accepted appointrnent 35 the new Patron. Rlsk Management The Trustees have corldered the major risks lo whth the Club is ew?sed and have established systems and procedures Cinduding documentation and financk4 contrdsl which they deem appropriate to the srLe. prominence and financial stsnding of the Club. Key managernent personnel rBffluneration The Trustees ctider the Board ofTrust&$ 8$ cofflpriging key man8gement pSonn of the Club In charge of dirtirj and controlling the charity and running and operating the Club on a day lo day basis. AJI Trustees give their time freety and no ITUSte8 rgmuneration was paid in the year. Infomiabon relating to trustee expenses related paty transactions is dBdosed in note 3 to the accounts.
THE PRIMARY CLUB REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Legal and Admlnlstrallve InfomMtlon Patron Derek Underwood MBE Ideceased 15 April 2024) stuart Broad CBE {appointed 1 June 2024) Trustees The Trustees who served durtng th8 year wer8 as foN¢)w5: _ Tim Ketleher. Chair Nicole Pdw, Honorary Secretary (aPpnted 18 March 2024) Ross Midgley. Honorary Treasurer Chris Larlham Peter Baxter Mike Brace CBE Andrew Dixon P8uI Doyle Clive Fielh Lydie Greenway (wgned 20 March 20241 Euan Sp¢n¢e John Stem Adryan Thomas mlner Thomson CTrJper 3 Castte Court Camegie Campus Durrfermline KY118PB Bankers B8y$ Bank PLC I Churchill Place London E14 5HP Prlncl al OfFI PO Box 12121 Saffron Wabjen Essex CBIO 2ZF istration Nurnber 285285
THE PRiftylARY CLUB REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Statsmont of Tntste•s' R¢sponsibliltlos The Trustees are reSpsible for preFortng the finwKial slatements in aClan with applc8t49 law and Untted IngdCrfn knunting Standards IGeneTalty ted AccIntIng Ptice). The jaw apKab[8 to charrttes In England and requires the Trustoes lo prepare t%)Unts frjr each ffn8ncl81 year whb give a true 8nd fair vmv of stale of affaTrB of the charity and of its incomin resources and ap(CatIon of reSoUS for that Feriod. In prgparirtrJ these fmancid $tstsments, the Trustees 8re required to: suilable acc(yJnling polws and It appty them o)nslsienUy. obseNe th8 methods and prinLaples in Ihe Charitss SORP, make judgements and estimates that are reasonab 8ThJ PFn( slate whether applicable accounting stsndards have bgon folk)W. su14t to any rrptsrtal departures disd¢)sed and explained in the finaTrio1 statomgnts. prepare the accounts on the going Cthm b$ unkss il is inappropriate to assuTh Ihal tha charity will ¢tinue on Ihat basi%. The Trustees are responsibfe for keewg 8ccountrng reo)rds which dwlose wlth reasonable accuracy at any lime the finanat position of the ch8rlty and ID enab them to ensure that the accounts mplY with the Chartties Act 2011, the charl15 IAccrAnts army Reports) RegulalA)ns 2008 and the provisions of the Club rules. The TnJstee5 are aLso rgsponsSble for safeguarding the assets of the charity end hence for taking reasonat4e stQPs for the Pfevenlion 8nd detection of fraud and other irregulariues. Approved by the Trustees on 17 July 2024 and sgrul on thetr beha try: Nicole ollock Honorary Secret8ry
THE PRllJlARY CLUB INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PRIMARY CLUB I report kn the trustees on my examlnalion of the accounts of The Prirrrdry Club lor the year ended 31 March 2024. Responslbllhles aml basls Of report As Ih"& diarlty trust8es of The PThty Club you are re5F([b for the preparation of the accounts in acufdanca wlth the requlrBmnts Oft Charttles Ad 2011 {Ihe A£f). I r8POrt in resp1 of my examination of The Primary Club'$ awounts ¢arrted out urthr seGtion 145 of the 2P11 Ad and in c8rrylng out my erdmination I have fD1kyed all the applicabl8 DrreGlions gi by the Charity Commission under secaKJn 145(5Xbl of Ihe A(1 Ind•pondent eMmln•Vs slattmenl I have completed my examinati¢. I confim that no mala[ malters have corre to my attliOn In connection wth the examination giwng me cause lo balieve that in any Materi respectr. accounting records were not kept in respert of Th8 Prwrwy Cbjb as requir&J by section 130 of the Actr, or the accounis (lo not a(X0 th those reCrds.. CY the accounts do not comF4y wlth the appliCae requiremerts conMIng the fom) and content of accounts set out in Ihe Charlties IAc¢ounls a1 Reports) ReguLqtions 2008 other than any requlrement that the arxounts give 8 Inje and fatr VW whld) Is not a matter Consi as Part of an independent examination. I have no concems and have co acro no other matters In conneclon Vth the examlnatbn to whlch attention should be drawn in this report in order io enable a proper understanding of the accounts lo be reached. sign.. aJJ Name: Andrew Croxford Relevant professknnat qualificatbn or mmbetship ofwofeswnal Member of The Institute of Chartered Acwjntants of Scotland Address.. Thomson CooFer 3 Castle Court Ounfermlin8 Frfe KY118PB 17 Juty 2024
THE PRIMARY CLUB STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED 31 MARCH 2024 Notes UDrestrlct8d Unrgstrlctsd Funds Funds 2024 2023 Income Donatlons JnIng subscriptions and members. regular donations Substantial non-recurring donations and leg8aes Tax daim under Gfft Awj Activities forgeneratsng funds Sales of merchandlse FundraiBing events Investment income Interest recthable 111,683 13.857 19,4g2 98,139 407,635 19.535 3,914 4,369 Total Income 154.015 530.346 Expondiiure Costs of rnlslng funds Cost of tles and tw(tyxh8S Cost of merchandise sokl Publicrty and admlnlstration E¥p•ftditurn on Charftable a¢tiviQe8 Grants awarded 1,$48 2.831 8.474 3.192 9.372 10 324.794 162 6S7 Total Expgndlture 337.647 175 475 Net lexpendltur8N7ncome and net movement in funds {183.632) 354.871 Reconclllation of funds Tota fijnds broutht folwa 461.898 Total fvnds carried foThBrd The Slatemenl of Flnanaa ltIeS iTKludes all gains arKI losses fecognis•J in the ygar. Al incomir¥J resources and resowces 8xpended derr¥e from eontinukng xtivities and relate solety lo uryestslcted funds. The notes on pages 9 10 13 fc¥m part of these ar£ounts.
THE PRIMARY CLUB BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Currnnt Assets stock Debtrjrs Cash at bank 2,546 15,158 4,385 234,455 290.950 463,398 Creditors: Am¢JJnts f*ling due wthin one year 1.500 Net Assets 278.266 Funds Unreslrfcted fvnds 481.898 The accounts were awroved by Trustee5 on 17 Juty 2024 ar)d sIgnl on thr behalf by.. Honorary Treasurer Ross MKlgley FCA The rteS on pages g to 13 form part oftrwe arxounts.
THE PRIMARY CLUB NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 coUnng Pollcles 8asls ofprepardtA)n and assessmgrt of ng concern The accounts {financial statements) have been prgpared UTer the historical cost convenUfX) Wth items recognised at cost or transaction value unless otherwk8e stated in the rekvant note{sl to these accounts. The finanual statements have been prepared in rdan with the Slatement of Recommended Practlce.. Accounting and ReKTh)rting Charities preparing their accounts in accordance the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the Unrted ngdoM and R8wblic of Ireland {FRS 1021 (effective 1 January 20191 and the Charitses Act 2011. The charity corr61itutes a public benefft entity as defined by FRS 102. The Trustees consider that there are no materfal uncertalnties about the Charfty's ablllty lo continue as a going Conrn. The Trustees have Lyjnshlered a peric4J of twelve months from the d of approval ofthfj accounts. b) FundAccounting Unrestrtcted fvnds are avwlable for use ai the disuetion of Ihe Trustees in fvrtherance of the general otiectNes of the charity. Restricted fijnds are subjected to rEstrtcbons on thelr expenditure imposed by Iho donty or through the temis of an appea. The charity currently holds no restn.cted funds. Incon I Incoming resources are recojnised tn the year lo which ty rdate. when there is sufficient evidence to prowde the necessary certainty that the income will be received and t ¥ae of the incoming resources can be measured %Mth SLfficienl reliability. Expenses Expen¢ffiire is reccwlsed on an ac£ru$ basis a8 a liabilty is IrKurred. Charitable eYpendjre comprises those sts incurred by the charrty in the delivery of rfts aclivitEs and SeeS for its benefjciarie5. tt indudes both costs that can allocated directy to such actieS atbj tho$8 costs of an indirect nature necessary lo supwi them. Governan costs indude those costs asswated wrth meeting the constituts'onal and slalutory requirements of the charity and include the audit fees and costs linked to the Strateg m8nagement of the charity. Grants payajle are payments made to third paTbe5 in the furtherance of the charltab objectives of the dwnty. They are accounted for when the recipient has 8 reasonable eypectalion that they wll recEive the grant and the Trustees have agreeA to pay the grant thOut condrbon.
THE PRIMARY CLUB NOTES TO THE AccouFrrs FOR THE YEAR ENDED 31 MARCH 2024 Taxatio As the charrty is recogni*a by the InlaThJ Revenue there (s M liabilty to taxatKJn. Trustee Remunordtlon and Related Party TranvGdo None of the Trustees recwved remunorabon durirg the year (2023- nit). Net Outgolng Resou88 2024 2023 Net incoming resources for the year is ststed afttt charging: Independenl Examlnerfs Remunera 1.500 1,500 Analysls of Expendlture on Charilablg Acttvltle5 Prt+¥igion of Coro Basts of 2023 Cost of ties & brcheS sdd Cost of merchandise sold Publicity and administratton Grants 1.548 2.831 8.474 324.794 254 3.192 9.372 162.657 re tArect rect 324.794 2,831 8.474 8.474 337.647 175.475 All grants paid are institutkjnal. with rnne pa¥J to individuals. An anatysls of amounts paid is induded in Note 10. Stock 2024 2023 ries & brooches Merchandise for Se to membe 1,775 771 3.323 4.385 10
THE PRIMARY CLUB NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Deblor8 2024 2023 Tax recoverable urJer Gift Legacies Prepayments and A¢¢ruJ In¢ome 11.329 1.429 11.773 220.472 234,455 Credltor5: Amounts Falllng Due within One Year 2024 2023 Grants payable (Note 101 Accruals and deferrèd irKome 11,085 1,599 12.684 1.500 Unrestrlcled Funds At 1 April 2023 Mov¢mgnl in fvnds for the year 481.898 183632 At 31 Marth 2024 11
THE PRIMARY CLUB NOTES TO THE AccouKrs FOR THE YEAR ENDED 31 MARCH 2024 10. Grdnts approved 2024 2023 BM•ll¢lary Purpmo Of rdrie Coaknidge MCC Berkshire County Blind S£ty Birmingham Goafoall Club Bim)ingham Sports Club Birmlngham Stars VICC Blin¢ Cri¢kot EThJland &Wa Brad(cd & DL8trfct WCC Braille Ches5 Asscoati¢ British B1K1 Swrt Cambridge DLXS Cheshire Cobras MCC Defbyshire ASSWath for BliThJ Devon 8thing SLE1 Club Devon Oevils ISwV1FSl Cl) Season eyper DcKset Ddphins WCC Standard MCC grarrt Durham VICC Standard MCC grnnt English Bltnd Gdf AssC¢4 Matchpky ToUrnar1 GloucestsrshiTr MCC Stand8rd VJCC grant Harnpshi WCC Kent Spitfires VICC ngston.U.Thamas Assn ts thè Lancsshire orts VICC Lond Futsal Cl London SpLYts Club Merseysi(te VTFC Merton Sports & s¢1 Ckjb Set up o)sts aTrl uIpMent staTrYard VICC Gra ¢>Jalball Futsal slanda Vtcc Gra Dov. BalK TmphY45. . PC C Standard VICC Grant 5.CQO 3,500 3.5C•J 4,0(M) 3,5CKJ 3.5CX) 18,0 3.500 3,700 11,418 2,000 17.8CK) 3,500 3,700 10.320 2,0 3,500 5.CM)O 2,)0 Arrthery & t pin bryAing Standard MCC grant 3.5C¥J 3.5C 3.5CK) 3,S(J) 5.450 Standard VICC grant s"M1ng se5wor Crid(et & gcball seas.¥ EnSeS Svimming. [DThJ etc 3.5(KJ 2.170 5.OOJ 3,430 2,880 5.145 2.50) 9.OCO 3.5(K) 6,5(K) 6.9(N) iorx) 1,000 4.000 1.0 7.000 3.500 5,000 Ha(1 h5re & 5ngJratK8 StarKlard VICC grant- teams. 2024 athlstiLX Stsndard VICC grwrt Northants Stedb8d(s Vlcc N¢rth VlÈst Scorpb?ns FC Northem Ire18nd 1nd GoLf OFen County OutlcA)k Tnlst Partially shted Foolball LeaJJe Royal Nats'onal Cdl&Je SAVI Northwest Scotttsh GolfSc¥ Som&rsel VICC Staff0rshi WO1 VICC Surrey VICC SLBsex Sharks Incc TandnirE ToJether Taunton Deane Ill BcfwL B Somerset V1C ofPAventu Watford Goalball Club Wavèrtrèa CC West Glamorgan Sports Cbjb Wcester$hlre EIEatetharts VICC YeowlMCC Yothshire VICC Introducry children togoir Tandun Chaw MK1dl6sbmwh Rgsidential korj arNJ Sailing V 2,000 5,000 5,000 VICC season expen Venue hire. 8]uent Ir g¢)abal Strokeplay Twrnwnent srandard MCC grant StarKlard MCC grant st8nd8rrl MCC grant strlard VICC grant TaThJ&n mairrtonar. irtsurarrè & tr¥nsp)rt 7,000 . 2,200 3,500 3,500 3.500 3,500 5.2C(I 000 3,500 3,500 3,500 1500 4,000 2,CKJO 2.LlJO BThlirg Qub season eXpS stLYage oftandèm fleet Hdl hire 3.(KJO 3,0 3.250 Stsnd8nJ WCC gryait 3.OCX) 172 170 12
THE PRIMARY CLUB NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 10. Grants approved Icontinuedl "Jam•s Fund" grants 2024 2023 Beneficiary Purpos• ol grnnt ABC Council 818ckn¥ell Sailing Blind Baseball Cymru 81ind I Hctkey UK 8ner School Brrtish BlirKJ SF¥)rt Daisy Inclusive UK Goalball UK Moor Vision Sigm forwgm UK 81iThJ Baseball "See Sports" chaInge Instru£tOT5 and tran¥K)rt for dedicated Vl sailin9 trip5 ExpandiThJ baseball prowyon. pithleball development Taster sew($ aryJ"hav8 a go days Purchase of goalball equik¥nent Developrnent of "Sh(MYlovm' Taster sessi$ lau of"M Athlon. event Goalball (Jevdo[enl ¢J)a(*ing and oynrrentary Under fives Vl sport (Jevelopment TaFvJern5 and 0r equirThent Start up costs and seascfi expanses 11,085 5.460 19.680 4.175 6.028 15.462 21.322 25.( 5.000 16.139 9.350 138.701 Total 326.cva4 172.170 Analysls of rnovement in grant creditor 2024 2023 Grants payable at the beginning of Ihe year Adjustments to grants approved in previous year New grants approved dufing the year Grants paid during the year 11,3001 326.094 313.709 19.5131 172.170 162.657 Grants payable at the end of the year (Note 81 11.085 11. Events slnce the end of the year Since the end of the year, the Club has been adw.sed of a fvrther acY of £45,000. Al the dale of approval of the financial statements the legacy has not yet been received and as the Club was not noty'fied of the legacy at the balance sheet date. this has not been included in the financial stalements in accordance with the requirements of the Ststement of Recommended PraCte ISORPI. 13
THE PRIMARY CLUB DETAILED INCOME AND EXPENDITURE Accoumr FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Incom• Jolning subscthplis and memters. regular donabons SJbstantI non-recurring donations and legacies Tax daim undw Gfft Ard Sales of merchandise Fundraising events Interest receivat4e 111,663 13.857 19.492 3.914 98.139 407,635 19,535 4,389 ns Cost of lies and brooches Cost of morchandise sohj Members. newsletter Administrative costs Independent Examination 88nk and collection charges Mlscellane(X costs 1,548 2.831 4,874 254 3,192 5,768 1.500 1.434 1,500 1.447 12.853 SJrplu8 before grants 141.162 517.528 Grants, net of adjustmerrts for prKX years (Deficitysurplus for the year 183.632 354,871 2199466 14