## Sir Philip Game Boys’ Club
Accounts of the Trust
Financial Statement for the year ended
31 March 2021
## Registered Charity Number: **302980**
Registered Charity Number: **302980** Registered Offices: 38 Morland Avenue, Croydon, Surrey, CR0 6EA **T** el: 020 8662 9222 **E** mail: contact@spgcentre.co.uk **www** .spgcentre.co.uk
SIR PHILIP GAME BOYS’ CLUB ACCOUNTS OF THE TRUST YEAR ENDED 31 MARCH 2021 CONTENTS
|Trustees’ report|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Full name
....
....
....|....||....|....|....|....|....|....|....|3|
|Registered charity number|....||....|....|....|....|....|....|....|3|
|Registered address
....
....|....||....|....|....|....|....|....|....|3|
|Trustees
....
....
....|....||....|....|....|....|....|....|....|3|
|Bankers
....
....
....|....||....|....|....|....|....|....|....|3|
|Independent examiner|....||....|....|....|....|....|....|....|3|
|Report of the trustees|||||||||||
|Structure, governance & management||||....|....|....|....|....|....|4|
|Governing document
....|....||....|....|....|....|....|....|....|4|
|Organisation & management|....||....|....|....|....|....|....|....|4|
|Aims and objectives
....|....||....|....|....|....|....|....|....|4|
|Summary of the main achievements during the period|||||||....|....|....|4|
|Main activities during the period|||....|....|....|....|....|....|....|5|
|Future developments
....|....||....|....|....|....|....|....|....|5|
|Financial review
....|....||....|....|....|....|....|....|....|5|
|Risk management
....|....||....|....|....|....|....|....|....|5|
|Reserve policy
....|....||....|....|....|....|....|....|....|5|
|Investment policy
....
....|....||....|....|....|....|....|....|....|5|
|Trustees responsibilities in relation to||financial statement|||||....|....|....|5|
|Staffing
....
....
....|....||....|....|....|....|....|....|....|5|
|Small charity provisions|....||....|....|....|....|....|....|....|5|
|Statement as to disclosure of information||||to independent|||examiner||....|5|
|Trustee declaration
....|....||....|....|....|....|....|....|....|5|
|Independent examiner's report|||||||||||
|Responsibilities of examiner|....||....|....|....|....|....|....|....|7|
|Basis of independent examiner’s report||||....|....|....|....|....|....|7|
|Independent examiner’s statement||||....|....|....|....|....|....|7|
|Statement of financial activities|||||||||||
|Income & expenditure
....|....||....|....|....|....|....|....|....|8|
|Balance sheet
....
....|....||....|....|....|....|....|....|....|9|
|Exemption from audit ....
....|....||
....|
....|
....|
....|
....|
....|....|10|
|Notes to the Financial Statements|||||||||||
|Note 1, Principle accounting policy||||....|....|....|....|....|....|11|
|Note 2, General accounting policy||||....|....|....|....|....|....|11|
|Note 3, Analysis of incoming resources||||....|....|....|....|....|....|12|
|Note 4, Analysis of resources expounded||||....|....|....|....|....|....|13|
|Note 5, Tangible fixed assets|....||....|....|....|....|....|....|....|14|
|Note 6, Investment assets|....||....|....|....|....|....|....|....|14|
|Note 7, Stock & work in progress....||....||....|....|....|....|....|....|14|
|Note 8, Debtors & prepayments....||....||....|....|....|....|....|....|14|
|Note 9, (Short term) investments....||....||....|....|....|....|....|....|14|
|Note 10, Creditors
....|....|....||....|....|....|....|....|....|14|
|Note 11, Endowment & restricted income funds|||||....|....|....|....|....|14|
|Note 12, Transactions with related parties||||....|....|....|....|....|....|14|
|Note 13, Additional disclosures|....|....||....|....|....|....|....|....|14|
|Glossary of terms
....
....
....|....|....||....|....|....|....|....|....|15|
© SPG, 2022. All rights reserved. Charity Number: **302980 ref** : | Annual Report 2021 | page: 2
SIR PHILIP GAME BOYS’ CLUB ACCOUNTS OF THE TRUST TRUSTEES’ REPORT YEAR ENDED 31 MARCH 2021
The trustees submit their annual report and the financial statements for the year ended 31March 2021.
**Full name S** ir **P** hilip **G** ame Boys’ Club (SPG) **Registered charity number** 302980 **Registered address** SIR PHILIP GAME CENTRE 38 Morland Avenue Croydon SURREY CRO 6EA **Trustees** Terence Gillam Faye Ruddock Kylie Jane Griffiths Yahya El-Droubie Leon Anthony Spence Sally Thorpe **Bankers** CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Mailing KENT ME19 4JQ **Independent Examiner** JG & Associates Marco Polo House 3-5 Lansdowne Road Croydon CR0 2BX
© SPG, 2022. All rights reserved. Charity Number: **302980 ref** : | Annual Report 2021 | page: 3
SIR PHILIP GAME BOYS’ CLUB ACCOUNTS OF THE TRUST REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2021
## **Structure, Governance and Management**
The trustees are pleased to present their report together with the financial statements of the charity for the year ending 31 March 2021.
Legal and administrative information set out on page three forms part of the report. The financial statements comply with current statutory requirements, the constitution and the statement of recommended practice.
## Governing Document
Sir Philip Game Boys’ Club is governed by its’ constitution which is dated June 1966 and amended on 17 October 1970, 30 July 1986 and 09 May 1994. Trust deed dated 16 January 1947 (relating to the charity premises).
## Organisation & Management
Overall management of the Trust is the responsibility of the trustees. The trustees who have served during the year are set out on page three.
## Aims and Objectives
To provide education and training, arts, culture and amateur sport to young people living in and around Addiscombe, Croydon.
## Summary of main achievements during the period
Due to the COVID-19 Pandemic, we were forced to close the club and go into lockdown. Numbers for Friday Youth Club were dropping, but our other users of the site, such as the Table Tenis Club and Solid Rock, were significantly affected. Even though we had a loss of income, we furloughed our one member of staff with pay.
Wanting to widen the group of people we work with to bolster Friday nights once we reopen, we looked into working with the youth group Reaching Higher, based in South Norwood. To date, we haven't managed to work anything out. Meanwhile, PB from Solid Rock has agreed to run our Youth Club on Friday nights once we reopen.
As the council is struggling financially and you can't get hold of anyone due to the lockdown, it has become increasingly difficult to get any maintenance done on-site.
Management meetings are being held via Zoom, a popular proprietary video teleconferencing software program.
If all goes as anticipated in regards to the pandemic, we should hopefully be fully up and running by the end of July 2021.
## Future Developments
- Continue to work with young people living in and across Addiscombe, Croydon
- Extend working relationships and partnerships with other voluntary organisations
© SPG, 2022. All rights reserved. Charity Number: **302980 ref** : | Annual Report 2021 | page: 4
SIR PHILIP GAME BOYS’ CLUB ACCOUNTS OF THE TRUST REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2021
## Financial Review
For the year ended 31 March 2021, the trustees consider the financial position of the charity to be in line with expectations.
## Risk Management
The trustees have examined the major risks to which the charity is exposed and confirm that systems have been established to mitigate those risks.
## Reserves Policy
The charity has no specific policy with regards to the level of reserves.
## Investment Powers
The trustees have powers to invest. The charity has investments (Non Managed Portfolio Holding) with Charity Aid Foundation (CAF); interest is paid quarterly into the charity’s current account.
## Staffing
The charity currently employs one staff member.
## Exemptions
The trustees have taken advantage of the exemptions available to small charities, including the audit exemption (see statement on page 10).
© SPG, 2022. All rights reserved. Charity Number: **302980 ref** : | Annual Report 2021 | page: 5
SIR PHILIP GAME BOYS’ CLUB ACCOUNTS OF THE TRUST REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2021
## Trustees’ responsibilities in relation to the financial statements
Charity law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity at the end of the year and of the surplus or deficiency for the year then ended in accordance with applicable law and UK accounting Standards (UK Generally Accepted Accounting Practice).
In preparing those financial statements, the trustees are required to: select suitable accounting policies and then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable, observe the methods and principles in the Charities SORP and make judgements that are reasonable and prudent. The trustees must also prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity, and enable them to ensure that the financial statements comply with the Charity Act. The trustees 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.
## Small charity provisions
This report has been prepared in accordance with the Charities Act.
## Statement as to disclosure of information to independent examiner
So far as the trustees are aware, there is no relevant information of which the charity's independent examiner are unaware and each trustee has taken all the steps that he or she ought to have taken as a trustee in order to make themselves aware of any relevant information and establish that the independent examiner is aware of that information.
## Trustee declaration
The trustees declare that they have approved the trustees' report above, on the 31 January 2022, and is signed on their behalf by Terry Gillam:
**----- Start of picture text -----**
______________________________________________
Terry Gillam (Chair)
**----- End of picture text -----**
© SPG, 2022. All rights reserved. Charity Number: **302980 ref** : | Annual Report 2021 | page: 6
SIR PHILIP GAME BOYS’ CLUB ACCOUNTS OF THE TRUST STATEMENT OF FINANCIAL ACTIVITES YEAR ENDED 31 MARCH 2021
## **Independent Examiners Report**
I report on the accounts of the Trust for the period ended 31 March 2021.
## **Responsibility of Examiner**
The Charity’s trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed. It is my responsibility to:
- examine the accounts under the Act;
- to follow the procedures laid down in the General Directions given by the Charity Commission under the Act; and
- state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 seeking explanations from the trustees 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 accounts.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:
- a. proper accounting records are kept; and
- b. accounts are prepared which agree with the accounting records. Or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed …………………………………………… Date: …31.01.2022……………
## **Joanna Goodridge MICB**
## **JG & Associates**
Marco Polo House 3-5 Lansdowne Road Croydon CR0 2BX
© SPG, 2022. All rights reserved. Charity Number: **302980 ref** : | Annual Report 2021 | page: 7
SIR PHILIP GAME BOYS’ CLUB ACCOUNTS OF THE TRUST STATEMENT OF FINANCIAL ACTIVITES YEAR ENDED 31 MARCH 2021
## **INCOME & EXPENDITURE**
|**Description**
**INCOMING RESOURCES**
**3**
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
**Total incoming resources £**
**RESOURCES EXPENDED**
**4**
Cost of raising funds
Charitable activities
Other expenditure
**Total resources expended £**
**Net resources for the year £**
Transfer between reserves £
Total funds brought forward £
**Net movement in funds £**
**Total funds carried forward £**
**Notes**|**Unrestricted**
**Restricted**
**Total**
**funds**
**funds**
**2021**
**£**
**£**
**£**
22,137
6,722
28,859
0
0
0
0
0
0
70
0
70
0
0
0
**22,207**
**6,722**
**28,930**
0
0
0
21,960
6,722
28,682
69
0
69
**22,029**
**6,722**
**28,751**
**178**
**0**
**178**
0
0
0
44,463
0
44,463
44,463
0
44,463
**44,641**
**0**
**44,641**|**Total**
**2020**
**£**
41,258
0
0
67
0|
|---|---|---|
|||**41,325**|
|||0
43,966
50|
|||**44,016**|
||||
|||**(2,691)**|
|||0
47,154|
|||47,154|
||||
|||**44,463**|
© SPG, 2022. All rights reserved. Charity Number: **302980 ref** : | Annual Report 2021 | page: 8
SIR PHILIP GAME BOYS’ CLUB ACCOUNTS OF THE TRUST STATEMENT OF FINANCIAL ACTIVITES YEAR ENDED 31 MARCH 2021
## **STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDING 31 MARCH 2021**
|**Fixed assets**
Tangible assets
**5**
Investments
**6**
**Total fixed assets £**
**Current assets**
Stock and work in progress
**7**
Debtors
**8**
(Short term) investments
**9**
Cash at bank and in hand
**Total current assets £**
Creditors: amounts falling due within one year
**10**
**Net current assets/liabilities £**
**Total assets****_less_ current liabilities £**
Creditors: amounts falling due after one year
Provisions for liabilities and charges
**Net assets £**
**Funds of the Charity**
Unrestricted funds
Surplus (Deficit) for the year
**Total unrestricted funds £**
Restricted income funds
Endowment funds
**Total funds £**
**Notes**|**Total**
**2021**
**£**
0
931|**Total**
**2021**
**£**
0
931|**Total**
**2020**
**£**
0
931|
|---|---|---|---|
||**931**||**931**|
||0
0
40,852
11,881
52,733
911
51,822
52,753
0
0
**52,753**
52,575
178
**52,753**
**52,753**||0
48
31,072
21,233|
||||52,354|
||||710|
||||51,644|
|||||
||||52,575|
|||||
||||**52,575**|
||||55,266
(2,691)|
||||**52,575**|
|||||
||**52,753**||**52,575**|
These financial statements were approved and signed by the trustees on 31 January 2022:
____________________________________________
Terry Gillam, **Chair**
© SPG, 2022. All rights reserved. Charity Number: **302980 ref** : | Annual Report 2021 | page: 9
SIR PHILIP GAME BOYS’ CLUB ACCOUNTS OF THE TRUST STATEMENT OF FINANCIAL ACTIVITES YEAR ENDED 31 MARCH 2020
## **Exemption from audit**
The charity is exempt from the requirements relating to preparing audited accounts in accordance with the audit requirement of the Act.
The trustees have not required the charity to obtain an audit of its accounts for the year in question.
The trustees declare that they have approved the accounts above.
Signed on behalf of the Charity's trustees on 31 January 2022:
**----- Start of picture text -----**
___________ ________________________ ______________________________
**----- End of picture text -----**
Terry Gillam, **Chair**
Yahya El-Droubie, **Trustee**
© SPG, 2022. All rights reserved. Charity Number: **302980 ref** : | Annual Report 2021 | page: 10
SIR PHILIP GAME BOYS’ CLUB ACCOUNTS OF THE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021
## **1. PRINCIPLE ACCOUNTING POLICIES**
The principal accounting policies adopted in the preparation of the financial statements are as follow:
## 1.1 Basis of accounting
These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:
- Accounting and Reporting by Charities Statement of Recommended Practice; and
- Accounting Standards and with the Charities Act.
## 1.2 Change in basis of accounting methods
There has been no change to the accounting policies (valuation rules and of accounting) since last year.
## 1.3 Changes to previous accounts
No changes have been made to accounts for previous years.
## **2. GENERAL ACCOUNTING POLICIES**
This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.
- 2.1 Incoming Resources
|ncoming Resources||
|---|---|
|||
|**Recognition of**
**incoming**
**resources**|These are included in the Statement of Financial Activities
(SoFA) when:
• the charity becomes entitled to the resources;
• the trustees are virtually certain they will receive the
resources; and
• the monetary value can be measured with sufficient
reliability.|
|**Incoming**
**resources with**
**related**
**expenditure**|Where incoming resources have related expenditure (as with
fundraising or contract income) the incoming resources and
related expenditure are reported gross in the SoFA.|
|**Grants and**
**donations**|Grants and donations are only included in the SoFA when the
charity has unconditional entitlement to the resources.|
|**Tax reclaims on**
**donations and gifts**|Incoming resources from tax reclaims are included in the SoFA
at the same time as the gift to which they relate.|
|**Contractual**
**income and**
**performance**
**related grants**|This is only included in the SoFA once the related goods or
services have been delivered|
© SPG, 2022. All rights reserved. Charity Number: **302980 ref** : | Annual Report 2021 | page: 11
SIR PHILIP GAME BOYS’ CLUB ACCOUNTS OF THE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021
|ILIP GAME BOYS’ CLUB
OUNTS OF THE TRUST
S TO THE FINANCIAL STATEMENTS
ENDED 31 MARCH 2021
**Gifts in kind**
• Gifts in kind are accounted for at a reasonable estimate of
their value to the charity or the amount actually realised.
• Gifts in kind for sale or distribution are included in the
accounts as gifts only when sold or distributed by the charity.
• Gifts in kind for use by the charity are included in the SoFA as
incoming resources when receivable.
**Donated services**
**and**
**facilities**
These are only included in incoming resources (with an
equivalent amount in resources expended) where the benefit
to the charity is reasonably quantifiable, measurable and
material. The value placed on these resources is the estimated
value to the charity of the service or facility received.
**Volunteer help**
The value of any voluntary help received is not included in the
accounts but is described in the trustees' annual report.
**Investment income**
This is included in the accounts when receivable.
**Investment gains**
**and losses**
This includes any gain or loss on the sale of investments and any
gain or loss resulting from revaluing investments to market value
at the end of the year.|ILIP GAME BOYS’ CLUB
OUNTS OF THE TRUST
S TO THE FINANCIAL STATEMENTS
ENDED 31 MARCH 2021
**Gifts in kind**
• Gifts in kind are accounted for at a reasonable estimate of
their value to the charity or the amount actually realised.
• Gifts in kind for sale or distribution are included in the
accounts as gifts only when sold or distributed by the charity.
• Gifts in kind for use by the charity are included in the SoFA as
incoming resources when receivable.
**Donated services**
**and**
**facilities**
These are only included in incoming resources (with an
equivalent amount in resources expended) where the benefit
to the charity is reasonably quantifiable, measurable and
material. The value placed on these resources is the estimated
value to the charity of the service or facility received.
**Volunteer help**
The value of any voluntary help received is not included in the
accounts but is described in the trustees' annual report.
**Investment income**
This is included in the accounts when receivable.
**Investment gains**
**and losses**
This includes any gain or loss on the sale of investments and any
gain or loss resulting from revaluing investments to market value
at the end of the year.|
|---|---|
|ENDED 31 MARCH||
|||
|||
|**Gifts in kind**|• Gifts in kind are accounted for at a reasonable estimate of
their value to the charity or the amount actually realised.
• Gifts in kind for sale or distribution are included in the
accounts as gifts only when sold or distributed by the charity.
• Gifts in kind for use by the charity are included in the SoFA as
incoming resources when receivable.|
|**Donated services**
**and**
**facilities**|These are only included in incoming resources (with an
equivalent amount in resources expended) where the benefit
to the charity is reasonably quantifiable, measurable and
material. The value placed on these resources is the estimated
value to the charity of the service or facility received.|
|**Volunteer help**|The value of any voluntary help received is not included in the
accounts but is described in the trustees' annual report.|
|**Investment income**|This is included in the accounts when receivable.|
|**Investment gains**
**and losses**|This includes any gain or loss on the sale of investments and any
gain or loss resulting from revaluing investments to market value
at the end of the year.|
## 2.2 Expenditure & Liabilities
|**Liability recognition**|Liabilities are recognised as soon as there is a legal or
constructive obligation committing the charity to pay out
resources.|
|---|---|
|**Grants with**
**performance**
**conditions**|Where the charity gives a grant with conditions for its payment
being a specific level of service or output to be provided, such
grants are only recognised in the SoFA once the recipient of the
grant has provided the specified service or output.|
|**Grants payable**
**without**
**performance**
**conditions**|These are only recognised in the accounts when a
commitment has been made and there are no conditions to
be met relating to the grant which remain in the control of the
charity.|
© SPG, 2022. All rights reserved. Charity Number: **302980 ref** : | Annual Report 2021 | page: 12
SIR PHILIP GAME BOYS’ CLUB ACCOUNTS OF THE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021
|ILIP GAME BOYS’ CLUB
OUNTS OF THE TRUST
S TO THE FINANCIAL STATEMENTS
ENDED 31 MARCH 2021
ssets
**Tangible fixed**
**assets for use by**
**charity**
These are capitalised if they can be used for more than one
year, and cost at least £500. They are valued at cost or a
reasonable value on receipt. The rates of depreciation are as
follow:
• Fixtures & Fittings
….
….
….
20%
• Motor Vehicle
….
….
….
….
25%
• Computer Equipment
….
….
….
25%
• Office Furniture & Equipment
….
….
25%
**Investments**
Investments quoted on a recognised stock exchange are
valued at market value at the year end. Other investment
assets are included at trustees' best estimate of market value.
**Stocks and work in**
**progress**
These are valued at the lower of cost or market value.|ILIP GAME BOYS’ CLUB
OUNTS OF THE TRUST
S TO THE FINANCIAL STATEMENTS
ENDED 31 MARCH 2021
ssets
**Tangible fixed**
**assets for use by**
**charity**
These are capitalised if they can be used for more than one
year, and cost at least £500. They are valued at cost or a
reasonable value on receipt. The rates of depreciation are as
follow:
• Fixtures & Fittings
….
….
….
20%
• Motor Vehicle
….
….
….
….
25%
• Computer Equipment
….
….
….
25%
• Office Furniture & Equipment
….
….
25%
**Investments**
Investments quoted on a recognised stock exchange are
valued at market value at the year end. Other investment
assets are included at trustees' best estimate of market value.
**Stocks and work in**
**progress**
These are valued at the lower of cost or market value.|
|---|---|
|||
|ssets||
|||
|**Tangible fixed**
**assets for use by**
**charity**|These are capitalised if they can be used for more than one
year, and cost at least £500. They are valued at cost or a
reasonable value on receipt. The rates of depreciation are as
follow:
• Fixtures & Fittings
….
….
….
20%
• Motor Vehicle
….
….
….
….
25%
• Computer Equipment
….
….
….
25%
• Office Furniture & Equipment
….
….
25%|
|**Investments**|Investments quoted on a recognised stock exchange are
valued at market value at the year end. Other investment
assets are included at trustees' best estimate of market value.|
|**Stocks and work in**
**progress**|These are valued at the lower of cost or market value.|
## 2.3 Assets
## **3. ANALYSIS OF INCOMING RESOURCES**
||**Donations**|There were no voluntary contributions|
|---|---|---|
||**Interest & dividends**|• Interest receivable of £28.11
• Dividends of £42.27|
||**Charity income**|• Facility/rental income of £22,137
• HMRC CJRS income of £6,722.40|
||||
## **4. ANALYSIS OF RESOURCES EXPENDED**
|**Other recognised**
**gains and losses**|• There were no Fixed Assets to depreciate during this period.
• There was a loss in value of invested assets of £0.00|
|---|---|
|**Trustee expenses**|Details of the amount of any payment or reimbursement of out-
of-pocket expenses made to trustees or to third parties for
expenses incurred by trustees: £780.60|
|**Fees for**
**examination or**
**audit of the**
**accounts**|Details of amounts paid for any statutory external scrutiny of
accounts and other services provided by the independent
examiner: 2021 - £400;
No other fees (for example: advice, consultancy, accountancy
services) were paid to the independent examiner.|
|**Paid employees**|0.5 FTE with Pension contributions totalling £9,941.49 for the year.|
|**No. of Volunteers**|8 Volunteers inc. trustees|
© SPG, 2022. All rights reserved. Charity Number: **302980 ref** : | Annual Report 2021 | page: 13
SIR PHILIP GAME BOYS’ CLUB ACCOUNTS OF THE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021
## **Other Notes**
||**5. Tangible fixed assets**|Using the straight line method, depreciation on computer
equipment is charges at 25% in year of acquisition, and 0%
in year of disposal.
**Computer Equipment**
**2021**
**2020**
Cost
0.00
0.00
Depreciation @ 25%
0.00
0.00
**NBV as at 31 March**
**0.00**
**0.00**|Using the straight line method, depreciation on computer
equipment is charges at 25% in year of acquisition, and 0%
in year of disposal.
**Computer Equipment**
**2021**
**2020**
Cost
0.00
0.00
Depreciation @ 25%
0.00
0.00
**NBV as at 31 March**
**0.00**
**0.00**|Using the straight line method, depreciation on computer
equipment is charges at 25% in year of acquisition, and 0%
in year of disposal.
**Computer Equipment**
**2021**
**2020**
Cost
0.00
0.00
Depreciation @ 25%
0.00
0.00
**NBV as at 31 March**
**0.00**
**0.00**|Using the straight line method, depreciation on computer
equipment is charges at 25% in year of acquisition, and 0%
in year of disposal.
**Computer Equipment**
**2021**
**2020**
Cost
0.00
0.00
Depreciation @ 25%
0.00
0.00
**NBV as at 31 March**
**0.00**
**0.00**|
|---|---|---|---|---|---|
||||**Computer Equipment**|||
|||||**2021**|**2020**|
||||Cost|0.00|0.00|
||||Depreciation @ 25%|0.00|0.00|
||||**NBV as at 31 March**|**0.00**|**0.00**|
|||||||
||**6. Investment assets**|CAF Fixed income account - £931||||
||**7. Stock & work in progress**|None||||
||**8. Debtors & prepayments**|None||||
||**9. (Short term) investments**|CAF Gold account - £40,851.62||||
||**10. Creditors**|JG & Associates - £800; other - £111.25||||
||**11. Endowment & restricted**
**income funds**|Restricted Funds - CJRS - £6,722.40||||
||**12. Transactions with related**
**parties**|None||||
||**13. Additional disclosures**|None||||
|||||||
© SPG, 2022. All rights reserved. Charity Number: **302980 ref** : | Annual Report 2021 | page: 14
SIR PHILIP GAME BOYS’ CLUB ACCOUNTS OF THE TRUST NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021
## **Glossary of terms**
|**Glossary of terms**||
|---|---|
|**Restricted funds**|These are funds given to the organisation, subject to specific
restrictions set by the donor, but still within the general objects of the
organisation.|
|**Creditors**|These are amounts owed by the charity, but not paid during the
accounting period.|
|**Advance receipts**|These are amounts received by the charity in the accounting period,
for use in a future period.|
|**Debtors**|These are amounts owed to the charity, but not received in the
accounting period.|
|**Prepayments**|These are services that the charity has paid for in advance, but not
used during the accounting period.|
|||
|||
|||
© SPG, 2022. All rights reserved. Charity Number: **302980 ref** : | Annual Report 2021 | page: 15