```
Company Number: 00901063
Charity Number: 300909
```
```
NEWTON ABBOT AND DISTRICT
RECREATIONAL TRUST LIMITED
(Limited by Guarantee)
```
```
UNAUDITED FINANCIAL STATEMENTS
```
```
YEAR ENDED 30 SEPTEMBER 2022
```
## **`NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)`**
## **`FINANCIAL STATEMENTS`**
## **`FOR THE YEAR ENDED 30 SEPTEMBER 2022`**
```
-------------------------------------------------------------------------
```
```
INDEX Page
Reference and administration information 1
Report of the Directors 2 - 6
List of Members 7
Statement of Directors Responsibilities 8
Independent Examiners Report 9 – 10
Statement of Financial Activities 11
Statement of financial position 12 - 13
Notes to the Financial Statements 14 - 19
```
```
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED
(Limited by Guarantee)
```
## **`REFERENCE AND ADMINISTRATION INFORMATION`**
## **`FOR THE YEAR ENDED 30 SEPTEMBER 2022`**
```
-------------------------------------------------------------------------
```
```
Directors N L Flower (Chairman)
S J Reynolds
M Andrews
R C Bellotti
C Comber
R B Hayes
A Lloyd
S O’Donnell
J D Patchett
R Peterson
T J Stronghill
R G Thomas
T Villis
B Widdicombe
Registered Office The Pavilion
Marsh Road
Newton Abbot
Devon
TQ12 2AR
Company Registration Number 00901063
Registered Charity Number 300909
Bankers Lloyds Bank
41 Courtenay Street
Newton Abbot
Devon
TQ12 2QW
Independent Examiner I J Taberner FCA
Turnbull & Co Accountants Limited
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
```
```
Page 1
```
## **`NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)`**
## **`DIRECTORS REPORT 30 SEPTEMBER 2022`**
## **`-------------------------------------------------------------------------`**
```
The directors present their report and the unaudited financial statements
for the year ended 30 September 2022 for the purposes of section 162 of the
Charities Act 2011 and for the purposes of section 419(2) of the Companies
Act 2006.
```
```
The directors confirm that they have complied with the duty in section 17
(5) of the 2011 Charities Act to have due regard to guidance published by
the Charities Commission.
```
## **`Status`**
```
The company is registered as a charity under section 4 Charities Act 1960
with the registered charity number of 300909 and a company registration
number of 00901063 and is limited by guarantee. At the balance sheet date
there were 32 members, whose liability is limited to £1 each in the event
of winding up.
```
## **`Objectives and activities`**
```
The principal activity of the company is the provision of recreation,
physical education, and other leisure time occupations in, or in connection
with, the town of Newton Abbot and its environs.
```
```
The Trust employs an administrator and other part time staff. The company
is responsible for the management and operation of a cricket ground, football
pitch, car park, pavilion, five squash courts, four tennis courts and
associated facilities.
```
```
The Trust’s membership consists of five affiliated sports clubs: Newton
Abbot Squash Rackets and Lawn Tennis Club, Newton Abbot Spurs Football Club,
South Devon Cricket Club, FIT2run Newton Abbot and Teignbridge Trotters
Running Club. The hall is also used for a number of recreational activities.
```
```
The company’s subsidiary company, Coralwharf Limited, operates a bar for the
sports clubs using the facilities of the Trust.
```
## **`How our activities deliver public benefit`**
```
In writing this, the directors have had regard to the Charity Commission’s
Guidance on public benefit.
```
```
Page 2
```
```
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED
(Limited by Guarantee)
```
## **`DIRECTORS REPORT 30 SEPTEMBER 2022`**
## **`--------------------------------------------------------------------------`**
## **`How our activities deliver public benefit (continued)`**
```
The company’s activities are the provision of recreation, physical
education, and other leisure time occupations in, or in connection with, the
town of Newton Abbot and its environs for the benefit of the public.
```
## **`Pavilion and grounds`**
```
The company holds the land on which the activities take place under a lease
granted by Newton Abbot UDC for 99 years from 12 August 1970 at a peppercorn
rent. The company has granted an underlease to the trustees of Newton Abbot
Squash Rackets and Lawn Tennis Club for 75 years from 1 October 1993 at an
initial rental of £1,000 per annum, and a supplemental underlease dated 1
April 1998 to expire at the same time as the main underlease for an additional
initial rental of £1,250; and has granted to the trustees of the Newton
Abbot Spurs Football Club an underlease for 25 years from 1 November 2007
at an initial rental of £2,500 per annum.
```
## **`Results`**
```
A surplus was made this year of £24,469. The reserves carried forward at 30
September 2022 were £282,262.
```
```
A substantial amount of time is contributed by Officers and Board Members
in relation to the administration of the centre. No payments are made to any
officers or Board Members in this respect. The value of these ‘gifts in
kind’ has not been quantified by the officers.
```
## **`Achievements and Performance`**
```
2022 was a much stronger year than recent years with performance finally
returning to levels more in line with pre COVID-19 times. This was despite
some disruption because of the Global Pandemic continuing with the ‘Omicron’
variant and a general change in people’s appetite towards socialising
bringing a nervousness about getting back to the old “normal”.
```
```
That said, the commercial side of the Trust’s operation, through its Bar
trading subsidiary, Coralwharf Ltd, recovered remarkably well, achieving its
goal of beating 2019 Sales, plus a 5% uplift.
```
```
The Member Clubs returned to their respective activities and Membership
Subscription income exceeded budget with an increase of 6.5% on 2019. Hall
Hire, on the other hand, whilst above budget, was 28% down compared to 2019,
the last “normal” year, reflecting an initial reticence to return to larger
indoor gatherings.
```
```
Page 3
```
```
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED
(Limited by Guarantee)
```
## **`DIRECTORS REPORT 30 SEPTEMBER 2022`**
```
--------------------------------------------------------------------------
```
## **`Achievements and Performance (continued)`**
```
During the reporting period the Pavilion and grounds were kept in good order.
A new covered area was added to the patio, with additional seating, to
provide outdoor shelter for users of the Hall. The new cover enhanced the
facilities for event organisers and has helped to rebuild our Hall Hire and
function income.
```
```
Funds were also expended on the purchase of additional machinery and
equipment to assist with grounds and pitch maintenance. A special ‘thank
you’ is noted here to the group of volunteers who tend and prepare the
football and cricket pitches on a weekly basis. Also, thanks go out to the
many volunteers who run the various clubs that make up ‘The Rec’.
```
```
The proposed plans for the extension of and improvement to the Pavilion,
under “Project Big Build”, remain on hold pending further review and eventual
submission of a full planning application. However, it is hoped that the
scheme will be revisited in the coming year with a view to progressing some
of the much-needed improvements. The Accounts include a partial provision
for the project under “Designated Funds”. These funds are set aside to be
put towards the cost of the works.
```
```
Active involvement in the wider Community continued and we welcomed several
new groups that have made ‘The Rec’ their new regular base.
```
```
The Trust continued to prove its resilience and produced an overall surplus
for the year. Looking forward, the Board will continue to reinvest and work
with the constituent member clubs to ensure a brighter future whilst keeping
‘The Rec’ in its prime position as a vital part of the local community.
```
## **`Structure and governance`**
```
Newton Abbot and District Recreational Trust is a company limited by
guarantee and governed by it’s Memorandum and Articles of Association
originally dated 16 March 1967 and then revised on 19 December 2017. It is
registered as a charity with the Charity Commission.
```
```
The company is overseen by an executive board, who meet bi-monthly and set
the strategic direction in line with the mission and vision of the charity.
```
```
Members of the Executive Board are elected at the Annual General Meeting of
the company. Any potential new members are invited to attend the AGM.
```
```
Page 4
```
## **`NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED`**
## **`(Limited by Guarantee)`**
## **`DIRECTORS REPORT 30 SEPTEMBER 2022`**
## **`--------------------------------------------------------------------------`**
## **`Structure and governance (continued)`**
```
Day to day responsibility for the implementation and operations of the
strategy is devolved to Paul Lennox, centre manager.
```
## **`Directors`**
```
The directors who served during the year were as follows:
```
```
S J Reynolds
R G Thomas
R C Bellotti
C Comber
A Dawes (resigned 31/1/2022)
M Andrews
A Feaver (resigned 15/11/2022)
N L Flower
R B Hayes
A Lloyd
S O’Donnell
J Patchett (appointed 31/1/2022)
R Petersen
T J Stronghill
T Villis (appointed 31/1/2022)
B Widdicombe
```
## **`Members of the Executive Board at 30 September 2022`**
```
The executive board during the year under review were:
```
## **`Elected directors`**
```
N Flower - Chairman
S Reynolds - Treasurer
R Peterson - Property manager
R Thomas
S O’Donnell
```
## **`Nominated directors`**
```
A Feaver - Newton Abbot Recreational Trust Club (resigned 15/11/2022)
A Lloyd - Newton Abbot Squash & Tennis Club
T Villis - Newton Abbot Squash & Tennis Club (appointed 31/1/2022)
A Dawes - Newton Abbot Spurs AFC (resigned 31/1/2022)
R Bellotti - Newton Abbot Spurs AFC
J Patchett - Newton Abbot Spurs AFC (appointed 31/1/2022)
B Widdicombe - South Devon Cricket Club
```
```
Page 5
```
## **`NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED`**
```
(Limited by Guarantee)
```
## **`DIRECTORS REPORT 30 SEPTEMBER 2022`**
## **`--------------------------------------------------------------------------`**
## **`Nominated directors (continued)`**
```
C Comber - South Devon Cricket Club
R Hayes - Teignbridge Trotters Running Club
T Stronghill - Fit2Run Newton Abbot
M Andrews - Quality control
```
## **`Honorary President`**
```
R Lewis
```
## **`Reserves policy`**
```
It is the policy of the company to build up their reserves to such time as
they are needed to complete a project the charity is working towards or
there is a large repair/replacement needed.
```
## **`Risk Review`**
```
The Executive Board has conducted its own review of the major risks to which
the charity is exposed and systems have been established to mitigate those
risks. Should significant external risks to funding be identified, a
strategic plan will be developed which will allow for the diversification
of funding and activities. Internal risks are minimised by the implementation
of procedures for authorisation of all transactions and projects and to
ensure consistent quality of delivery for all operational aspects of the
charity. These procedures are periodically reviewed to ensure that they
still meet the needs of the charity.
```
```
Advantage is being taken in the preparation of the directors report, of the
special exemptions applicable to small companies conferred by the Companies
Act 2006.
```
## **`ON BEHALF OF THE BOARD`**
## **`S J Reynolds`**
## **`Director`**
## **`Date`**
```
Page 6
```
## **`NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)`**
## **`LIST OF MEMBERS 30 SEPTEMBER 2022`**
```
-------------------------------------------------------------------------
```
```
B Allen
M Andrews
RC Bellotti
D Brown
S Brown
C Comber
J Cooper
A Dawes
J Doyle
S Doyle
NL Flower
R Hayes
M Hember
S Hember
P Lennox
RA Lewis
A Lloyd
S O’Donnell
RM Oliver
J Paris
J Patchett
R Peterson
S Reynolds
D Ridgway
T Stronghill
C Sutcliffe
R Thomas
T Villis
```
```
M Watts
B Widdicombe
M Widdicombe
P Wright
```
```
Page 7
```
## **`NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)`**
## **`STATEMENT OF DIRECTORS’ RESPONSIBILITIES`**
```
Company law requires the directors to prepare financial statements for each
financial year which give a true and fair view. In preparing those financial
statements, the directors are required to:
```
- `select suitable accounting policies and then apply them consistently;`
- `make judgements that are reasonable and prudent;`
- `state whether the policies adopted are in accordance with the appropriate SORP on Accounting by Charities and the Accounting Regulations, and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements;`
```
* prepare the financial statements on the going concern basis unless it
is not appropriate to presume that the company will continue in
business.
```
```
The directors are responsible for keeping adequate accounting records, which
disclose with reasonable accuracy at any time, the financial position of the
company and to enable them to ensure that the financial statements comply
with the Companies Act 2006. They are also responsible for safeguarding the
assets of the charity and hence for taking reasonable steps for the
prevention and detection of fraud or other irregularities.
```
```
The directors are responsible for the maintenance and integrity of the
corporate and financial information included on the charity’s website.
```
```
Page 8
```
## **`NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)`**
## **`INDEPENDENT EXAMINERS REPORT TO THE DIRECTORS OF NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED`**
## **`--------------------------------------------------------------------------`**
```
I report on the accounts of Newton Abbot And District Recreational Trust
Limited for the year ended 30 September 2022 which are set out on pages 11
to 19.
```
## **`Respective Responsibilities of Directors and Independent Examiner`**
```
The charity’s directors are responsible for the preparation of the accounts.
The charity’s directors consider that an audit is not required for this year
under part 16 of the Companies Act 2006 and an independent examination has
been requested.
```
```
It is my responsibility to:
```
- `examine the accounts (under section 145 of the Charities Act 2011)`
- `to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and`
- `to state whether particular matters have come to my attention.`
## **`Basis of independent examiners’ report`**
```
My examination was carried out in accordance with the General Directions
given by the Charity Commissioners. An examination includes a review of the
accounting records kept by the charity and a comparison of the accounts
presented with those records. It also includes consideration of any unusual
items or disclosures in the accounts, and the seeking of explanations from
you as directors concerning any such matters. The procedures undertaken do
not provide all the evidence that would be required in an audit and,
consequently, I do not express an audit opinion on the view given by the
accounts.
```
## **`Independent examiners’ statement`**
```
In connection with my examination, no matter has come to my attention:
```
```
- which gives me reasonable cause to believe that, in any material
respect, the requirements
```
- `(a) to keep accounting records in accordance with s386 of the Companies Act 2006`
```
Page 9
```
```
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED
(Limited by Guarantee)
```
## **`INDEPENDENT EXAMINERS REPORT TO THE DIRECTORS OF NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED`**
```
--------------------------------------------------------------------------
```
- `(b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Companies Act 2006 and the Statement of Recommended Practise: Accounting and`
- `to which, in my opinion, attention should be drawn in order to enable`
- `a proper understanding of the accounts to be reached.`
## **`I J Taberner FCA`**
```
Turnbull & Co Accountants Limited
Chartered Accountants
Pilgrim House
Oxford Place
Plymouth
PL1 5AJ
```
```
Date
```
```
Page 10
```
## **`NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)`**
## **`STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2022`**
```
-------------------------------------------------------------------------
```
```
2022 2021
Designated Unrestricted Total Total
Notes Fund Fund Funds Funds
£ £ £ £
Incoming Resources
Incoming Resources From
Generated Funds 1
Subscriptions and
contributions - 21,672 21,672 18,394
Grants - - - 33,335
Other Income - 81,518 81,518 61,295
Investment Income - 30,010 30,010 6
------- ------- ------- -------
Total Incoming Resources - 133,200 133,200 113,030
======= ======= ======= =======
Resources Expended
Direct charitable
expenditure 2 - 102,871 102,871 80,924
Governance costs 3 - 5,860 5,860 4,598
------- ------- ------- -------
Total Resources Expended - 108,731 108,731 85,522
======= ======= ======= =======
Net (deficit)surplus for
the year before taxation 4 - 24,469 24,469 27,508
Taxation 6 - - - -
------- ------- ------- ------
Net (Deficit)/Surplus
for the year 12 - 24,269 24,469 27,508
Funds Brought Forward 136,489 121,304 257,793 230,285
Transfer of funds made - - - -
------- ------- ------- -------
Funds Carried Forward 136,489 145,773 282,262 257,793
======= ======= ======= =======
```
```
Movements on reserves are set out in note 12 on page 19.
```
```
Page 11
```
## **`NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)`**
## **`BALANCE SHEET AT 30 SEPTEMBER 2022 COMPANY NUMBER 00901063`**
```
-------------------------------------------------------------------------
Note 2022 2021
£ £ £ £
Fixed Assets
Tangible assets 7 124,099 117,334
Investments 8 100 100
Current Assets
Stocks 1,174 829
Debtors 9 32,430 31,082
Bank and Cash 155,215 144,483
------- -------
188,819 176,394
Creditors:amounts due
within one year10 14,256 18,535
------ ------
Net current assets 174,563 157,859
------- -------
Total assets less current
liabilities 298,762 275,293
Creditors:amounts due
after one year11 (16,500) (17,500)
------- -------
282,262 257,793
======= =======
Accumulated Funds
Unrestricted12 145,773 121,304
Designated 12 136,489 136,489
------- -------
282,262 257,793
======= =======
```
```
For the year ending 30 September 2022, the company was entitled to exemption
from an audit under section 477 of the Companies Act 2006 relating to small
companies.
```
```
The members have not required the company to obtain an audit in accordance
with section 476 of the Companies Act 2006.
```
```
The directors acknowledge their responsibility for complying with the
requirements of the Act with respect to accounting records and for the
preparation of the accounts.
```
```
NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED
(Limited by Guarantee)
```
## **`BALANCE SHEET AT 30 SEPTEMBER 2022 (CONTINUED) COMPANY NUMBER 00901063`**
```
-------------------------------------------------------------------------
```
```
These accounts have been prepared in accordance with the provisions
applicable to companies subject to the small companies’ regime.
```
```
The financial statements were approved by the Board of Directors on
```
```
and signed on its behalf by
```
```
S J Reynolds -Director
```
## **`NEWTON ABBOT AND DISCTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)`**
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022`**
## **`-------------------------------------------------------------------------`**
```
Newton Abbot and District Recreational Trust Limited is a company limited
by guarantee and a charity registered at the Charity Commission of England
and Wales. The principal office is The Pavilion, Marsh Road, Newton Abbot,
Devon, TQ12 2AR.
```
```
The presentation currency is £ sterling.
```
## **`1 Accounting Policies`**
## **`Basis of preparation`**
```
The financial statements have been prepared on the historic cost basis
and in accordance with Accounting and Reporting by Charities: Statement
of Recommended Practise applicable to charities preparing accounts in
accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102)(effective 1 January 2015)-(Charities
SORP (FRS 102) and the Companies Act 2006.
```
```
Newton Abbot and District Recreational Trust Limited meets the
definition of a public benefit entity under FRS 102.
```
```
In considering the transition to the accounting policies required by
FRS 102, no adjustments have been made to restate the comparative
figures.
```
## **`Consolidation`**
```
The company and its subsidiary comprise a small group. The company has
therefore taken advantage of the exemption provided by Section 398 of
the Companies Act 2006 not to prepare group accounts.
```
## **`Format of accounts`**
```
In the opinion of the directors, the standard format of the profit
and loss account as laid down by the Companies Act 2006, would not
present a fair view of the results of the company. Accordingly, the
format of the profit and loss account has been amended as permitted by
the Companies Act 2006.
```
## **`Fund accounting`**
```
General funds are unrestricted funds which are available for the
trustees for furtherance of the general objectives of the company and
which have not been designated for other purposes.
```
```
Designated funds are unrestricted funds that the trustees have set
aside for a particular purpose.
```
```
Page 14
```
## **`NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)`**
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022`**
## **`-------------------------------------------------------------------------`**
## **`1 Accounting Policies (continued)`**
## **`Incoming Resources`**
```
Income is represented by monies derived from the company's principal
activities after the deduction of value added tax and is only recognised
when the company has entitlement to the income, it can be measured
reliably and it is probable that it will be received.
```
## **`Resources expended`**
```
principal activity of the provision of recreation, physical education,
and other leisure time occupations in, or in connection with, the town
of Newton Abbot and its environs. All expenditure is accounted for on
an accruals basis and is fully analysed in the notes. It is recognised
once there is a legal obligation to make payment to a third party, that
it can be measured reliably and it is likely that payment will be
required.
```
```
Governance Costs include those costs associated with meeting the
constitutional and statutory requirements of the charity.
```
## **`Fixed assets`**
## **`Depreciation`**
```
Depreciation is calculated to write down the costs of assets by equal
annual instalments over their expected useful lives, as follows:
```
```
Leasehold land and buildings 2% to 20% per annum
Fixtures and Fittings 12.5% to 20% per annum
```
## **`Debtors`**
```
Debtors are recognised at their settlement amount after any trade
discounts.
```
## **`Liabilities and provisions`**
```
Liabilities are recognised when there is an obligation at the balance
sheet date as a result of a past event, it is possible that a transfer
of economical benefit will be required in settlement, and the amount of
the settlement can be estimated reliably. Liabilities are recognised at
the amount that the company anticipates it will pay to settle the debt
or amount received as advanced payments for goods or services it must
provide. Provisions are measured at the best estimate of the amounts
required to settle the obligation.
```
```
Page 15
```
## **`NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)`**
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022`**
## **`-------------------------------------------------------------------------`**
## **`1 Accounting Policies (continued)`**
## **`Grants`**
```
Grants received are accounted for on an accruals basis and are shown
separately on the Statement of Financial Activities. Grant income is
only subsequently deferred if required by the specific terms and
conditions of the grant.
```
## **`Stocks`**
```
Stocks are valued at the lower of cost or net realisable value.
```
## **`Going concern`**
```
With the affiliated clubs that are currently signed up, together with
the other income streams, a going concern basis in preparing the accounts
can be adopted.
```
```
2 Direct Charitable Expenditure 2022 2021
Designated Unrestricted Total Total
Fund Fund Funds Funds
Expenditure Expenditure
£ £ £ £
Property expenses - 26,883 26,883 17,269
Office and administration
expenses - 74,892 74,892 62,601
Finance expenses - 1,096 1,096 1,054
------ ------- ------- -------
- 102,871 102,871 80,924
====== ======= ======= =======
3 Governance Costs
Reporting Accountants Fee - 2,200 2,200 2,100
Professional fees - 3,660 3,660 2,498
------ ------- ------- -------
- 5,860 5,860 4,598
====== ======= ======= =======
4 Net surplus for the year
This is stated after charging:
Directors emoluments - -
Depreciation written off tangible fixed assets 5,613 9,612
Loss/(Profit) on disposal of assets 56 (167)
======= =======
```
```
Page 16
```
## **`NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)`**
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022`**
## **`-------------------------------------------------------------------------`**
## **`5 Employees`**
```
Number of employees 2022 2021
Number Number
The average monthly number of employees
during the year was:
Administration 1 1
====== ======
Employment costs £ £
Wages and salaries 27,500 24,500
Employers national insurance 1,544 2,164
Pension contributions - -
------- -------
29,044 26,664
======= =======
No employee received emoluments above £60,000.
```
## **`6 Taxation`**
```
The company is a registered charity and no provision for taxation is
considered necessary.
```
```
7 Tangible Fixed Assets Leasehold
Fixtures Pavilion
and and
Fittings Grounds Total
Cost £ £ £
At 1 October 2021 84,137 232,076 316,213
Additions 1,993 10,441 12,434
Disposals (10,748) - (10,748)
------ ------- -------
At 30 September 2022 75,382 242,517 317,899
====== ======= =======
Depreciation
At 1 October 2021 69,786 129,093 198,879
Charge for year 3,029 2,584 5,613
Disposals (10,692) - (10,692)
------ ------- -------
At 30 September 2022 62,123 131,677 193,800
====== ======= =======
```
```
Page 17
```
## **`NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)`**
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022`**
```
-------------------------------------------------------------------------
7 Tangible Fixed Assets (continued)
£ £ £
Net book value
At 30 September 2022 13,259 110,840 124,099
====== ======= =======
At 30 September 2021 14,351 102,983 117,334
====== ======= =======
8 Fixed assets - Investments 2022 2021
£ £
Investment in subsidiary company 100 100
==== ====
The subsidiary company, Coralwharf Limited, is 100% owned. It is a
trading company which operates a bar and is registered and
incorporated in England.
At 30 September 2022, the aggregate amount of its share capital and
reserves amounted to £18,369 and its loss for the year to that date
was £29.
9 Debtors: Amounts falling due within one year.
2022 2021
£ £
Trade Debtors 1,878 (2,065)
Prepayments and accrued income 27,667 18,000
Other tax and social security 481 -
Other Debtors 2,404 2,247
Amount due from group undertaking - 12,900
------ ------
32,430 31,082
====== ======
10 Creditors: Amounts falling due within one year
Trade creditors 4,205 4,193
Other Tax and social security 613 1,758
Accruals and deferred income 7,045 4,411
Payments on account 563 2,438
Newton Abbot Squash and Tennis Club loan 1,000 1,000
Amount owed to group undertaking 830 4,735
------ ------
14,256 18,535
====== ======
```
```
Page 18
```
## **`NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)`**
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022`**
```
-------------------------------------------------------------------------
```
```
11 Creditors: Amounts falling due after one year
2022 2021
£ £
South Devon Cricket Club Loan 10,000 10,000
Newton Abbot Squash and Tennis Club loan 6,500 7,500
------ ------
16,500 17,500
====== ======
12 Accumulated Total Funds
Designated Unrestricted Total
Fund Fund Funds
£ £ £
At 1 October 2021 136,489 121,304 257,793
(Deficit)/Surplus or the year - 24,469 24,469
Transfer of funds - - -
------- ------- -------
At 30 September 2022 136,489 145,773 282,262
======= ======= =======
```
```
General funds are held for the continuity of the charity.
```
```
Designated funds are being held to go towards the ‘Big Build’, where the
company is looking to expand and improve their current premises.
```
## **`13 Share Capital and Members Liability`**
```
The company is limited by guarantee. In the event of the company
being wound up, the liability of each member is limited to £1.
```
## **`14 Control`**
```
The company is under the effective control of its directors.
```
## **`15 Transactions with the Trustees`**
```
None of the Trustees (or any persons connected with them)
received any remuneration during the year, nor have they
received expenses.
```
```
Page 19
```
## **`NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)`**
## **`INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2022`**
```
--------------------------------------------------------------------------
2022 2021
£ £ £ £
SUBSCRIPTIONS
Subscriptions and Contributions 21,672 18,394
INCOME
Administration fee from the bar 20,000 13,000
Hire of Hall 11,350 2,060
Pitch Rents 60 60
Car Park 21,096 17,694
Leases 9,360 9,065
Licenses 19,600 19,200
Other income 52 216
Government grants - 33,335
------ ------
81,518 94,630
------- -------
103,190 113,024
OTHER INCOME
Interest Receivable 10 6
Charitable gift from Coralwharf 30,000 -
------- -------
133,200 113,030
EXPENDITURE
Property Expenses 26,883 17,269
Office and Administration 74,892 62,601
Finance Expenses 1,096 1,054
Governance Costs 5,860 4,598
------ ------
(108,731) (85,522)
------- -------
SURPLUS BEFORE TAXATION 24,469 27,508
======= =======
```
```
Page 20
```
## **`NEWTON ABBOT AND DISTRICT RECREATIONAL TRUST LIMITED (Limited by Guarantee)`**
## **`DETAILED INCOME AND EXPENDITURE FOR THE YEAR ENDED 30 SEPTEMBER 2022`**
|**`--------------------------------------------------------------------------`**|**`--------------------------------------------------------------------------`**|**`--------------------------------------------------------------------------`**|
|---|---|---|
||**`2022`**|**`2021`**|
||**`£`**|**`£`**|
|**`SUBSCRIPTIONS AND CONTRIBUTIONS`**|||
|`Contributions from Clubs`
|`6,700`
|`6,000`|
|`Subscriptions (playing)`|`7,419`|`4,837`|
|`Subscriptions (sporting)`|`5,149`|`5,310`|
|`Income Tax Recovered on Covenants`|`2,404`|`2,247`|
||`------`|`------`|
||`21,672`|`18,394`|
||`======`|`======`|
|**`PROPERTY EXPENSES`**|||
|`Rates`|`4,251`|`2,689`|
|`Heat and Light`|`16,040`|`9,268`|
|`Repairs to Property`|`3,911`|`2,436`|
|`Grounds Maintenance`|`2,681`|`2,876`|
||`------`|`------`|
||`26,883`|`17,269`|
||`======`|`======`|
|**`OFFICE AND ADMINISTRATION EXPENSES`**|||
|`Wages`|`29,044`|`26,664`|
|`Insurance`|`4,866`|`4,918`|
|`Cleaning`|`27,664`|`17,234`|
|`Postage, Advertising,`|||
|`Telephone and Stationery`|`3,230`|`2,239`|
|`Depreciation - Pavilion and Grounds`|`2,584`|`6,531`|
|`- Fixtures and Fittings`|`3,029`|`3,081`|
|`Loss/(Profit) on disposal of assets`|`56`|`(167)`|
|`Equipment Maintenance`|`4,419`|`2,074`|
|`Sundry Expenses`|`-`|`27`|
||`------`|`------`|
||`74,892`|`62,601`|
|**`FINANCE EXPENSES`**|`======`|`======`|
|`Bank Charges`|`221`|`129`|
|`Cricket Club Loan Fee`|`500`|`500`|
|`Squash and Tennis Club Loan Fee`|`375`|`425`|
||`------`|`------`|
||`1,096`|`1,054`|
||`======`|`======`|
|**`GOVERNANCE COSTS`**|||
|`Professional Fees`|`3,660`|`2,498`|
|`Reporting Accountants Fee`|`2,200`|`2,100`|
||`------`|`------`|
||`5,860`|`4,598`|
||`======`|`======`|
|||`Page 21`|