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2021-04-30-accounts

Pages
Trustees'
Annual
Report
Independent
Examiner's		 Report
Statement ofFinanrial Activities
Balance Sheet
Notes tothe Accounts
Detailed Statement of Financial Activities 18

K. Bawdon From 1stOctober 2020
D. Hole From 1stOctober 2020
B.Holloway From 1stOctober 2020
R, Holloway From 1stOctober 2020
J.Mash From 1stOctober 2020
S.Rees From 1stOctober 2020
J.Thompson From 1stOctober 2020
M.Thompson From 1stOctober 2020
R.Wyatt
I. Harvey Until 30th September 2020
L, Leach Until 30th September 2020
J.Hawthorn Until 30th September 2020

for the year ended 30April 20 21
Unrestricted Endowment
funds funds Total funds Total funds
2021 2021 2021 2020
Notes E E E E
Income and endowments
from:
Charitable
activities		 22,860 22,860 28,349
Other trading activities 12,042 12,042 1,227
Other 63,732 63,732 4,565
Total 98,634 98,634 34,141
Expenditure
on:
Raising funds 9,386 9,386
Other 82,714 21,414 104,128 82,026
Total 92,100 21,414 113,514 82,026
Net gains on investments
Net expenditure 6,534 (21,414) (14,880) (47,885)
Transfers between
funds
Net expenditure
before other
gains/(losses)		 6,534 (21,414) (14,880) (47,885)
Other gains and losses
Gains on revaluation
of
fixed assets		 881,770 881,770
Other Gains 30,842 60,832 91,674
Net movement
in funds		 37,376 921,188 958,564 (47,885)
Reconciliation offunds:
Total funds brought
forward		 201,459 785,678 987,137 1,035,022
Total funds canied forward 238,835 1,706,866 1,945,701 987,137

Charity No. 304 58 9 2021 2020
E E
Fixed assets
Tangible assets 11 1,706,866 846,510
1,706,866 846,510
Current assets
Stocks 12 3,000 4,012
Debtors 13 111 1,571
Cash at bank and in hand 235,724 211,364
238,835 216,947
Creditors: Amount falling due within one year 14 (76,320)
Net current assets 238,835 140,627
Total assets less current liabilities ].,945,701 987,137
Net assets exduding pension asset or liability 1,945,701 987,137
Total net assets 1,945,701 987,137
The funds ofthe charity
Restricted funds 15
Endowment funds 825,096 785,678
825,096 785,678
Unrestricted
funds		 15
General funds 238,835 201,459
238,835 201,459
Reserves 15
Revaluation reserve 881,770
881,770
Total funds 1,945,701 987,137

Fund accou nting
Unrestricted funds These are available for use atthe discretion ofthe trustees in furtherance of the
general objects ofthe charity.
Designated funds These are unrestricted
funds earmarked
by the trustees for particular
purposes.
Revaluation funds These are unrestricted
funds which include a revaluation		 reserve representing the
restatement
ofinvestment
assets at their market		 values.
Restricted funds These are available for use subject to restrictions imposed by the donor or
through
terins ofan appeal.

Income Income
Recognition of Income is included
in the Statement ofFinancial Activities (SoFA) when the		 charity
income becomes entitled to, and virtually
certain to receive, the income and		 the amount
ofthe income can be measured
with sufficient
reliability.
Income with related Where income has related expenditure
the income and related expenditure		 is
expenditure reported gross in the SoFA.
Donations and Voluntary
income received
by way ofgrants, donations
and gifts is included		 in the
legacies the SoFA when receivable
and
only when the Charity has unconditional
entitlement
tothe income.
Tax reclaims on Income from tax reclaims
is included
in the SoFA at the same time as		 the
donations and gifts gift/donation
to which
it relates,
Donated services These are only included
in income (with an equivalent
amount
in expenditure)
and facilities where the benefit tothe Charity
is reasonably
quantifiable,
measurable
and
material.
volunteer help The value ofany volunteer
help received
is not included
in the accounts.
Investment income This is included
in the accounts when receivable.
Gains/(losses) on This includes any gain or loss resulting from revaluing
investments
to		 market value
revaluation of fixed at the end ofthe year.
assets
Gains/(losses) on This includes any gain or loss on the sale ofinvestments.
investment assets
Expenditure
Recognition of Expenditure
is recognised
on an accruals basis. Expenditure
includes any VAT
expenditure which cannot be fully recovered,
and is reported as part ofthe expenditure		 to
which it relates.
Expenditure on These comprise the costs associated
with attracting
voluntary
income, fundraising
raising funds trading costs and investment
management
costs.
Expenditure on These comprise the costs incurred
by the Charity
in the delivery ofits		 activities
charitable activities and services
in the furtherance
of its objects, including
the making of		 grants and
governance
costs.
Grants payable All grant expenditure
is accounted
for on an actual paid basis plus an		 accrual for
grants that have been approved
by the trustees at the end ofthe year but not yet
paid.
Governance costs These include those costs associated
with meeting the constitutional		 and
statutory
requirements
ofthe Charity, including
any audit/independent
examination
fees, costs linked to the strategic management
ofthe Charity,
together with a share ofother administration
costs.
Other expenditure These are support
costs not allocated to a particular
activity.

2 Statement ofFinancial Activities - prior year
Unrestricted
funds Total funds
income and endowments from:
Chadtable activities 28,349 28,349
Other trading activities 1,226 1,226
Other 4,565 4,565
Total 34,140 34,140
Net income 34,140 34,140
Net income before other
gains/(losses)		 34,140 34,140
Other gains and losses:
Net movement in funds 34,140 34,140
Reconciliation offunds:
Total funds carried forward 34,140 34,140
3 Income from charitable activities
Unrestricted Total Total
2021 2020
F. 6
Section charges 22,860 22,860 28,349
22,860 22,860 28,349
4 Income from other trading activities
Unrestricted Total Total
2021 2020
6
Bar and catering 7,649 7,649 1,227
Social club subscriptions 4,048 4,048
Lettings and hire 345 345
12,042 12,042 1,227
5 Other income
Unrestricted Total Total
2021 2020
6
Solar panel income 2,319 2,319 4,281
Sank interest received 71 71 284
Grants 41,379 41,379
Other 19,963 19,963
63,732 63,732 4,565
6 Expenditure
on raising		 funds
Unrestr icted Total
2021
Fundraisi ng trading costs
Bar and catering 9,386 9,386
9,386 9,386
7 Other expenditure
Unrestricted Endowment Total Total
2021 2020
Employee costs 33,773 33,773
Premises costs 42,849 42,849 47,450
Amortisation,
depreciation,
impairment,
profit/loss		 on 21,414 21,414 21,748
disposal offixed assets
General administrative costs 4,012 4,012 3,404
Legal and professional costs 2,080 2,080 9,424
82,714 21,414 104,128 82,026
8 Net expenditure
before		 transfers
2021 2020
This isstated after charging: E E
Depreciation ofowned fixed assets 21,414 21,748
Independent
Examiner's		 fee 2,081
9 Trustee remuneration and expenses
2021 2020
Number Number
Number oftrustees
paid expenses		 2
The nature ofthe reimbursed expenses Reimbursement of MRC purchases made from personal
resources

10 Staff costs
Salaries and wages 27,016
Pension costs 5,418
32,434

The average monthly number offull time equivalent employees during the year was as follows: during the year was as follows: during the year was as follows:
2021 2020
Number Number
Backoffice 1
Cleaning
and maintenance		 2
Social club 1
The Charity's
pension		 scheme is operated by nest
Tangible Rxed assets
land and Sports 8mldmg Total
buildings Surfaces contents
Cost or revaluation
At1May 2020 793,669 74,589 868,258
Revaluation 506,331 353,691 860,022
Transfers 211,771 (211,771)
Disposals
At 30April 2021 1,300,000 211,771 216,509 1,728,280
Depreciation
and
impairment
At 1May 2020 7,991 13,757 21,748
Depreciation
charge		 forthe 10,589 10,825 21,414
year
Revaluation (7,991) (13,757) (21,748)
Disposals
At 30April 2021 10,589 10,825 21,414
Net book values
At 30April 2021 1,300,000 201,182 205,684 1,706,866
At 30April 2020 785,678 60,832 846,510
Net book values of assets
held under finance leases
and hire purchase contracts

12 Stocks
2021 2020
E E
Raw materials and consumables 3,000 4,012
3,000 4,012
Carrying value analysed by activities 2021 2020
E E
Bar and catering 3,000 4,012
3,000 4,012
13 Debtors
2021 2020
E E
VAT recoverable 111 1,571
1,571
14 Creditors:
amounts falling due within one year
2021 2020
E E
Other creditors 76,320
76,320

Incoming
At 1May resources
(including
other		 Resources
expended		 At 30April
2021
2020 gains/losses)
E
Restricted funds:
Endowment funds:
785,678 60,832 (21,414) 825,096
Total 785,678 60,832 (21,414) 825,096
Unrestricted funds:
General funds 201,459 129,476 (92,100) 238,835
Revaluation Reserves:
Endowment funds:
881,770 881,770
Total 881,770 881,770
Revaluation fund
Total revaluation reserves 881,770 881,770
Totaifunds 987,137 1,072,078 (113,514) 1,945,701

16 Analysis ofnet assets between funds
Unrestricted Restricted
Total
funds funds
E E E
Fixed assets 1,706,866 1,706,866
Net current assets 238,835 238,835
238,835 1,706,866 1,945,701
17 Reconciliation ofnet debt
At 1May At 30April
2020 Cash Rows 2021
E E E
Cash and cash equivalents 211,364 24,360 235,724
211,364 24,360 235,724
tfet debt 211,364 24,360 235,724

Annual
co		 mmitments
under non-cancellable		 operating
leases ar		 e as follows
2021 2021
tend and
Other
buildings
E
Operating leases with expiry date:
Pension commitments
2021
g
The pension cost charge to the charity
amounted to: 5,418

Unrestricte Endowment
d funds funds Total funds Total funds
2021 2021 2021 2020
f f
income and endowments from:
Charitable
activities
Section charges 22,860 22,860 28,349
22,860 22,860 28,349
Other trading activities
Barand catering 7,649 7,649 1,227
Social club subscriptions 4,048 4,048
Lettings and hire 345 345
12,042 12,042 1,227
Other
Solar panel income 2,319 2,319 4,281
Bank interest
received		 71 71 284
Grants 41,379 41,379
Other 19,963 19,963
63,732 63,732 4,565
Total income and endowments 98,634 98,634 34,141
Expenditure
on:
Costs ofother trading activities
Bar and catering 9,386 9,386
9,386 9,386
Total ofexpenditure
funds		 on raising 9,386 9,386
Employee costs
Salaries/wages 27,016 27,016
Pension costs 5,418 5,418
Staff welfare 1,339 1,339
33,773 33,773
Premises costs
Rates 728 728
i ight, heat and power 5,759 5,759 19,711
Premises cleaning 6,096 6,096
Premises insurances 4,664 4,664
Premises repairs and
maintenance		 19,523 19,523 7,578
Other premises costs 6,079 6,079 20,161
42,849 42,849 47,450
General administrative costs,
including
depreciation		 and
arnortisation
Mizzymead
Recreation Centre
Detailed Statement ofFinancial Activities
Depreciation
ofland and
buildings		 7,991
Depreciation
ofSports Surfaces
Depreciation
ofBuilding
contents
Depreciation
of		 21,414 21,414 13,757
Bank charges 128 128 1,006
Stationery
and printing		 924
Subscriptions 1,459 1,459 1,118
Sundry expenses 2 2 356
Telephone, fax and broadband 2,423 2,423
4,012 21,414 25,426 25,152
Legal and professional
costs
Accountancy
and bookkeeping		 2,080 2,080 6,077
Other legal and professional
costs		 3,347
2,080 2,080 9,424
Total ofexpenditure
ofother costs		 82,714 21,414 104,128 82,026
Total expenditure 92,100 21,414 113,514 82,026
Net gains on investments
Net expenditure 6,534 (21,414) (14,880) (47,885)
Net expenditure
before other
gains/(losses)		 6,534 (21,414) (14,880) (47,885)
Other recognised
gains and losses
Gains on revaluation
offixed
assets 881,770 881,770
Other Gains 30,842 60,832 91,674
Net movement
in funds		 37,376 921,188 958,564 (47,885)
Reconciliation offunds:
Total funds brought forward 201,459 785,678 987,137 1,035,022
Total funds carried forward 238,835 1,706,866 1,945,701 987,137