Mluymead Reve•tlon Centre ao Aprll 2022 Mizrymead Re¢reallon Centre Contents Pa8es Trustees, Annual Report Independent Examiner's Report Statement of Financial Activlties Balance Sheet Notes to the Accounts Stgtement of Cash flows 17 Detailed Statement of Flnancial Actlvities 18 Page I Mlzrymead RecrÈatlon CÈntYe Trustees Annual Report The trustees present thwr report with the unaudited finanaal statements of the charity for the year ended 30 April 2022. IIEFERENCE AND ADMINISTRATIVE DETAILS Charfty No. 304589 Prfnclpal Ollke Mlirymead Recreatlon Centre Mizzymead Rise Nailsea BrSstol BS48 2JJ Trust•e$ The followlng trustees served durfn8 the year: K. Bawdon C. Waller D. Hole Curry B. Hollowav R. Wyatt R. Holloway M Lockton J. Mash R. Chappell S. Rees M. Thomas J. Thompson J. aarke Key Man8ym•nt Personnel President Hon Chalmian Hon Secretary Hon Treasurer Mr A Wyatt Mr S Curry l Mr B Hollowdy Ito Sep 211 Vacawl Mrj Mash Ito Sep 211 Mr C Waller/ Mr B Holloway (to Sep 211 Kingston & Co 2 CollSers Garden5 Backwell Bristol BS48 30T Bankers Santander UK PLC CAF Bank Limited kottish Widow$ Bank Page 2 Mizzyme•d Retreation Centre Trustees Annual Report OBJECTIVE5 AND AcrivmE5 Mluymead Recreation Centre IMRCI was estsblished by a Trust Deed dated 01 June 1965 to provide sports and recreation facilities for the benefit of the residents of the Parish of Nallsea. rrtle to the land at Miuymead Rise was vested in the Charity Commissioners by Order dated 06 September 1973. The ¢entre provides facilr(ies for key or8anlsatlon$.. Indoor Bowls. Outdoor Bowls. Ladies 8owls. Tennls, Brid8e and Snooker. Their seasons vary throughout the year. All facilities are avallable for use by the residents of Nailsea and surroun*Jing Parishes. The Centre facllltles are also used by a muslcal comedy club, 3 mums and toddlers Broup, two line dancing groups, a ballroom dancing group. a demerttla support Broup, a kèep fft S0+ group, Slimmin8 World, the local Rotsry aub. the local Stsmp and Postcard Club and for yoga classes and bin80. The Centre hosts regular and occasional meetln85 of other organlsatlons. The Trustees confirm that they have had regard to the Charlty commi￿10￿ guidance on public benefit in the runnln8 of the Miiiymead Recreatlon Centre. Representstives of the respectlve sports clubs are as follows: Bridge (Mr K 8awdonl Nallsea Bowls Club Imr R Chappell l Mr D Hole (to May 2111 NaS1sea Indoor Bowls Club (Mr 8 Holloway and Mrs R Holloway) Nallsea Ladles Bowls Club Imrs J Clarke l Mrs l Thompson Ito Dec 211) Snooker (Mr P Faulkner l Mr S Rees (to Jun 2211 Tennls (Mrs M Lockton l Mr M Thomas (to Sep 2111 ACHIEVEMENTS AND PERFORMANCE The Mizrymead Recreatlon Centre contlnues to provlde sports and recreation fadlitres for the benefit of the resldents of Nailsea and the surrounding area. Activitie5 were partlally restricted during the perlod due to ihe Covld restrlciions and l¢xkdowns. ahhou8h there was much less disruption than the previous a¢¢ountln8 perlod. Whenever posslble have made facllrtles avalhble when allowed by Government guidance. FINANCIAL REVIEW Mizrymead RecreatSon Centre IMRCI opened pro8resslvely startlTha in late March 21 as Covld restrlction5 were relaxed. The Bar opened In late May 21. Inttla1￿ on weekday eveniry wlth Sunday aftemoon5 from November. It was agreed that: al The income, expendlture. assets and Ilabllities of the slx sports ar￿ social sectlons of MRC are to be Included In the Report and Accounts. bl The bookkeepin8 re8lme captiires VAT information for MRC, the 51x Sectlons and the Bar. ¢1 The bookkeeplng re￿rne populate5 3 Rèport and Accounts template to Id the pre￿rat[Ort of the en￿￿-ve2r repot. dl The Bar pay5 rent io MRC, el Assets are recorded in detail at the time of expenditure,and fj A schedule is to be developed to document the timèframe and potentlal cost of replacin8 SPOrt5 Surfaces, fixtu￿5 and fittings and building maintenance. This will allow adequate provisionin8 boih in the organlsatlon's bank accounts and in books. The £irxi,o(M) reserve, Invested with Scottish Widows, has been retail￿￿ after repayment of a short.term loan to Tennis for their improvement proBramme. The cost of the new Indoor Bow15 Hall roof. recently a¥￿ed, will be met wrihout the need to draw on resèrve5. Page 3 Mizzymead Recreation Centre Trustee5 Annual Report STRUCTURE. GOVERNAN￿ A14D MAPIAGEMEP A trust deed constitute5 the governing d(￿ment and the thartyls constiruted via a tharltable Trust Statemert of trustees. responslbllrtles In relallon to the Ilnanciil statements The charity trustees are responslble for preparing a trustees, annual report and financial ststements in accordance with applicable law and United Kingdom A¢¢ountin8 Stsrmlards Iunited ￿ngd￿rn Generally Accepied Accountln8 Practlcel. The trustees are responsible for keeping proper accountlng records that dlsdose ¥Ylth reasonable accuracy at any tlme the financial position of the charity and to enable them to ensure that the flnandal statements Comply wlth the Charhles Art 2011, the applicable tharities IA¢counts and Reports) Regulatlons, and the provlslon5 of the Trust deÈd. The Trustees are also responslble for safeguarding the assets of the charlty and hence taking reasonable steps lor the preventK)n arml detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of infomation ¢ontsined within these flnanclal statement5 Si8ned on behalf of the charity's trustees C. Waller Trustee 30 Aprll 2022 Page 4 Mlzzymead Recreatlon Centre Independent Examlners Report Independent Exaffliner's Report to the tnth of Miz4inead Reueakn Centre I report to the trustees on my examination of the financial ststements of MIZZ￿￿ead Recreation Centre for the year ended 30 April 2022 which cornpfise the Statement of Nnanclal Artivities, the Balance Sheet, the Ststement of Cash Flows and the related notes. Responsibilities and basis of report As the charty's tnjstees you are responsible forthe preparation of the financial ststements in accordon with the requirements of the Charities Act 20111'the A¢t'l. The trustees consider that an audit Is not required for this year under the Charities Act 2011, s.144(21 lthe 2011 Act) and that an Independent examlnatlon Is needed. I report In respect of my exaMIna￿On of the charlty's finandal ststements carrled OLrt under sectlon 145 of the 2011 Act and In ¢arryln8 Out my examlnation I have followed all the applicable Dlrectlons 8lven by the Charlty Commlsslon under sectlon 1451511bl of the Act. Independent •xamlnerfs ststement I have completed my examination. I can confirm that no materlal matters hwe Come to my attentlon In connection wlth the examlnatbon 8fvln8 me cause to belI￿e that In, ar)y material respect.. the accountin8 records were not kept In respect of the charfty as requlred by sectlon 130 of the Act.. or • the financial ststements do not accord wlth those re¢ords: or the flnancial statements do not cornply wlth the appllcable requirements conceming the form and content of the financial statements Set out in the Charities {Accounts and Reportsl Regulations 2fM)8 other than any requirement that the financlal ststements 8ive a'true and fair, vlew which 15 not a wnatter considered as part of an Independent examlnatlon. I havè no concerns and have come across no other matters In COnnect￿n wlth the examinatlon to whlch attentlon should be drawn in this report in order to enable a proper understandln8 of the financlal statements to be reach￿. Kin8Ston & Co ACMA CfjMA 2 Colliers Gardens Backwell Bristol BS48 3DT 30 April 2022 Page 5 Mlzrymead Reueatlon Centre Statement of Financial Artrvltles forthe year ended 30 Aprll 2022 funds 2022 lunts Totsl funds Tot•1 fvnds 2022 2022 Not•S Income and endowments Charitable activities Other tradin8 a¢tivit Other 53,132 72,306 8.507 53,132 72.306 8,507 22,860 12,042 63,732 Totsl 133.945 133,94S 98.634 Expendlture on: Raising funds Other 23,953 63,385 23,953 93,944 9,386 104,128 30,559 30559 Total 87.338 117,897 113,514 Net gains on Investments Net In¢omellexp•ndlture) Transfers between funds 46.607 130,5591 16,048 114,8801 Net In￿me1(9XPandltUr•l b•fore other lalnslllosses) 114.8801 46.607 130,5591 16,048 Oth•r i•lns •nd Iosms ILossesllGalns on revaluatlon of fixed assets Other Galns 116.6471 116,647) 881,770 405 405 91,674 Net m¢)vement In lunds 47.012 147.2061 11941 958.564 Recondllatlon of funds: Totsl funds brought fonward 238,835 1.706.866 1,945.701 987,137 Total funds urrl•d forw•rd 285.847 1.659,660 1.945.507 1,945,701 Page 6 Mlzzymead Recreatlon Centre Balance Sheet at 30 Aprfl 2022 Ch•rlty No. 304589 2022 2021 Flx¢d assets Tangible assets 11 1.707.469 1.707,469 1,7C6.866 1,706,866 Current assets Stocks Debtors Cash at bank and In hand 12 5.762 9.264 244.425 259.451 121.4131 238,038 1.945.507 3,000 iii 235,724 238,835 Credltors: Amount fallln8 due wfthln one year N•t (urrnnt •ss•ts 14 238,835 Total assets l•M current Ilablltlés 1,945,701 1,945,701 Nel assets •xdUdI￿ penslon asset or Il•bllhy 1.945.507 Totsl net ass•ts 1.945,507 1,945.701 Th• lund¥ oflh• ¢harKy R•strlct•d lunds Endowment funds 16 794,536 794,536 825,095 825,095 Unrestrkt•d lunth General funds 16 285,847 238,835 285.847 238,835 ReseNes Revaluation reserve IG 865.124 865,124 881.771 881,771 Totsl funds 1.945.507 1,945.701 Approved by the trustees on 30 Apdl 2022 And sl8ned on thelr behalf by: C. Waller Trustee 30 Aprll 2022 Page 7 Notes to the Accounts for the ye•r ended 30 April 20n l Accountln8 pollcles Basls of preparatk The financial statements have been p￿Pared in accordance with Ststement of Recommended Prartlce.. Accountlng and Reporting by Charftle5 preparing their accounts in accordance wkth the Financlal Reporting standard applIca￿e In the UK and Republk fif I￿land IFFiS 1021 ($$￿ on 16 July 2014 and the Financial Reportin8 Standard applicable in the United Kingdom and RepublK of Irelar)d IFRS 1021 and the Charltles Act 2011. Change In basls of accountlng or to prevlous accounts There has been no change to the accounting policies Ivaluation rules and method of accountin81 since last year and no changes have been made to accounts for prewous years. Fund K¢ountln8 Unrestrlcted funds These are a¥allable lor use at the dlscretlon of the trustees In fvrtherance of the 8eneral objects of the charlty. These a￿ unrestrlcted funds earmarked by the tru5tee5 for partlcular purposes. These are unrestrlcted funds vthlch 5ndude a revaluatlon reseNe representlnq the reststement of Investment assets at thelr market value5. These are avallable for use sublert to restrlctlons Imposed ￿ the donor or throu8h terms of an appeal. Deslgnated funds Revaluatlon funds Restrlcted funds In¢om• Recognitlon of Income Income is included in the Statement of Financlal Arttvltle$1SoFAI the ¢harlty becomes entitled to, and virtually certaln to re¢elve, the In￿Me and the amount of the Income can be measured with sufficlent ￿liabIlIty. Income with related Where income has related expenditure the IrKc*ne and related expendlture Is expenditure reported 8ross in the SOFA. Donatlons and le8aties Voluntary Income recefved by way of grants. donatbns and B1ft515 Included In the the SOFA when re¢eivable and only ¥then the Charfty has uncondltlonal entltlement to the Income. Tax reclalms on Income from tax ￿claImS k Included In the SOFA at the same time as the onations and grfts 8iWdonation to which rt relates. Donated servlces These are only included in income {￿th an equlvalent an￿Unt In expendlturel and fac116tles where the benefft to the Charity Is reasonabty quantlnable, measurable and materfal. Volunteer help The value of any Volunteer help recelved Is not Included In the accounts. Investment income ThSs is IrKluded In the accounts when receivable. Gain51llossesl on This includes any gain or10s5 re5ufting from revaluing investments to markel value revaluation of fixed at the end of the year. ssets Gainslllossesl Imiestment assets Thi5 indudes any gain or1055 on the Sale of irivestments. Page 8 Mlzzymead Recreatlon Centre Notes to the A¢￿￿nts Expenditure Recognition of expenditure Expendrture is re¢o8nised ¢)n an attruals basis. Expendibjre includes any VAT which cannot be fully recovered, and is re￿rted as part of the expenditure to which it relates. Expenditure on These comprise the costs assoctated wtth attractlng Voluntary income. fiJndralsin8 raisin8 funds tradin8 c05ts and investment management costs. Expenditure on These comprise the costs incurred bythe Charity in the delivery of Its activities and charitable artivities seplices in the furtherance of Éts objects. includln8 the makin8 of Brants and overnance costs. All grant expenditiire 15 account￿ for on an actual paid basis plus an accrual for Brants that have been approved by the trustees at the end of the year but not yet paid. These Indude those costs a55oclated wlth meetlng the constitutional and statutory requlrements of the Charlty. Induding any audltlindependent examSnatlon fee5, costs linked to the strategic mana8emertt of the Charity. together W￿h a share of other administration costs. Other expendfture These are supptyl costs not alknted to a particular JctNIty. Grants payable Governance costs T•xatlon The charlty is exempt from tax on charftabbe actlvlties. Tan8lble fix￿ Jssets and dtpredatlon Depreclatlon Is provkled ot the followlni annual rates Sn wder to wrfte off each asset over Its estlmattd seful Ilfe.. Sports Surfaces 5% Reducln8 balance Contènts 7.5% Reduclng balar The Charlty, In partnership with It's appolnted A8ent, havè opted to implement a ngw basè Ilne posltlon for It's flxed asset reglster usin8 a comprehensl¥e valuatlon of the sites assets In August 2016. Investment propertles are measured inrllalty at cost and subsequentty at fair valuè at èach balance sheet date and are not depreclated. All Bair￿ or losses a￿ taken to the Statement of Fin•n¢l41 ActIv￿leS as thèy arise. Stocks Stock Is Included at the lower of cost or net reallsable value. t)onated fterrrs of stock are reco8nlsed at falr value which is the amount the charity would havè been wlllln8 to pay for the itèms on the open market. Trade and other debtors Trade and other debtor5 are reco8nised at the settlement amount due after any trade dlscount offered. Prepayments are valued at the amount prepaid net of any trade discounts dve. Page 9 Mlirymead Recreatlon Centre Notes to the Accounts Cash and ush eqUi￿lents Cash and cash equivalents comprise cash at bank and on hand. demand deposits with banks and other short-term highly liquid Trnvestments with original maturities of three months or less and bank overdrafts. In the staternent of ffinanclal posltion. bank overdrafts are shown WTthln borrowlngs or current liabilltles. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the companvs cash management. Trade and other credltor5 Short temi credltors are measured at the transactlon prKe. Other credrtors and provls1¢)ns are recognlsed where the charfty has a present obligation re5ultinB from a past event that wll probably result in the transfer of funds to a third party and the amount due to 5Ètt1È the obligation can be measured or estimated rellably. c￿dft0rS and pmwsions are r￿mialty reco8nised at thelr settlement amount after allowln8 for any trade dls¢ounts due. Research and development Expenditure on research and development is written off In the year in which it is bncurred. Forelin ¢urr•ndes Monetary assets and liabilities denomlnated in eurrencles other than the funrtlonal currency of the charlty are translated at the rates of exchange prevailin8 at the end of the reponlng period. Transartlons In currencies other than the furKtional Cuffency of the charfty a￿ recorded at the rate of exchange on the date that the transacrlon occurrtd. All exchange dlfferences are art tsken Snto account In •rrMn8 at net Ineomelexpendlture. Leased 4swts Where the charfty enters Into a lease whlch entails taklng substsntlalfy all the rlsks arml rewards of ownership of an asset, the lease Is treated as a finance lease. Lease5 whlch do not transfer substsntially all the rlsks and rewards of ownership to chadty are classlfled as operatlng leases. Assets held under finance leases are 1nit1al￿ reco8nlsed as assets of the cha￿ty at theSr falr value at the Inceptlon of the lease or, if lower. at the present value of the minimum lease payments. The correspondlng IlabllSty to the le5s0r is included In the balance sheet date as a finance lease obllBatlon. Lease payments are apportioned between finance expense5 and reduction of the lease 01￿￿83t10n so a5 to achleve a constant rate of interest on the rema5nln8 balance of the Ilablllty. Finance expenses are reco8nised Immediately, unless they are directty attrlbutable to ouallfylng assets, In whkh case they are capitsllsed In accordance with the charlvs pollcy OD borrow4n8 costs. A55ets held under flnance leases are depfeclaied in the same way as owned a$5ets. Operating lease payments are recognlsed as an expense on a straight-llne basls over the lease term. In the event that lease incentives a￿ received to enter into operating leases, such Incentives are recognised as a liability. The aggregate benefft of incentlves Is recognlsed as a reductlon of rental expense on a 5trai8ht-Ilne basts. Penslon costs The chartty operates a defined contTibution plan for r(s employees. A defined contrlbution plan is a pension plan under which the charity pays fixed contributlons Into a separate entity. Once the contributions have been paid the charity has no further payments obliBation5. Thè contrlbutions are recognised as expenses when theyfall due. Amounts not paid are shown in accruaLs in the balance sheet. The assets of the plan are held Separate￿ from the charity in Independendy adminlstered funds. PaBe 10 Mluymead Re¢¥eailon Centre Notes to the Accounts Rècélpt ol donat•d 8oods. ladlllles and seThlces All donated 8oods. fadlitles and seThlces received are recogni5ed wlthln Incomlng resource5 and expenditure at an estlmate of ihe value tr> the d￿rIty. 2 Statement of Flnandal ktl¥ftles- prlor fund5 funds Total lunth 2021 2021 2021 Inconie and endowments from: Charitable activities Other trading activities Other 22.860 12.042 63.732 22,860 12,042 63.732 Totsl 98,634 Expendhure on: Raising funds Other 9,386 104,128 82,714 21,414 Totsl 92.1fy) 21,414 113,514 N•t Incom• 6.534 121,4141 114,8801 N•t Sncom• b•for• other ialnsllloss•sl Other Baln5 and loss•s: Gains on revaluation of flxed assets Other Gains 6.534 121,4141 114.8801 881.770 60.832 881,770 91.674 30.842 37.376 N•t m0￿M*nt kn lunth 921,188 958,564 R•conclllatl¢)n of fvnds: Total funds brou8ht f0v￿rd Total funds carr￿d forw•rd 201.459 785,678 987,137 238,835 1,706,866 1,945,701 3 Income from thxllabl• adl¥hl•s Unrestrlcted T•)t•l 2022 Tot•1 2021 Sectlon charges 53.132 53.132 53,132 53,132 22,860 22,860 Page 11 Miitymead Re¢reatitsn Centre Notes to the Accounts 4 Income from othwtradlng aumwes Unrestrkted Total Tot•1 2022 2021 Bar and caterlng So¢ial ¢lub subscriptions Lettings and hire 52.021 10.530 52,021 10.530 7.649 4,048 345 9,755 72,306 9.755 n.306 12.042 S Other Income Vnrestrlcted Total Total 2022 2021 Solar panel Income Bank Interest received 6.730 61 6,730 61 2.319 71 Grants 425 425 41,379 19,963 Other 1.291 8.507 1,291 8,507 63.732 6 EM￿dIture on rnlslni I￿￿% Unr•strf¢t•d Totsl 2022 Tot•1 2021 Fundra151ng tmdlnq costs Bar and caterin8 23,953 23.953 23,953 23,953 9,386 9,386 7 Other exp•ndlturn Tot41 Tot•1 2021 2022 Employee Costs Motor and travel Cos 27.071 495 27,071 495 33,773 PremSses costs Amortisation, depreclatS0n. impairment, profftlloss on di5POsal of fixed assets General administrative ¢osts 27.271 27.271 42,849 30.559 30,559 21,414 5,072 3.476 63,385 5,072 3.476 93,944 4.012 2,080 104,128 Legal and prOf￿10Tha1 costs 30.559 8 Net Incomel(expendlturel before transfers 20 2021 This is stated after charyng: Depreciation of owned fixed assets 30.559 21,414 PaBe 12 Mlzrymead Reueallon Cenire Notes to the A¢wunts 9 Trustee remuntrntlon and expenses 2021 Number 14urnber NLTrmber of trustees paid expen5e5 The nature of the reimbursed expenses Reimbursement of MRC purchases made from personal resources 10 Staff costs 2021 27,016 5,418 32,434 Salaries and wa8es Pension costs 26.894 26,894 No employee rffelved emoluments In exoss of £60.CrfXI. The average monthly number of full tlme equivalent empl￿￿eS durfn8 the y&r was as follows: 2022 2021 Numbei Number Back offlce aeaning and malntenance 10.5 Totall Soclal club11.O FfE Totall The Charlty's penslon scheme Is operated by Nest Page 13 Mlzzymead Recreatlon Centre Notes to the Accounts 11 Tarylble Ilxed JM•ts Land and bulldlnls Contents Total Cost or revalu￿•0￿ At l May2021 Addltlons Revaluatlons At 30 Aprll 2022 Depreclatlon and Impalrment Atl May2021 Depreciation charge for the vear At 30 April 2022 Net I￿0k valu 13W.(KXJ 211.771 44.625 216,509 3.184 116.647} 203.046 1.728.280 47,809 116,6471 1.759,442 1.3CKI.(XXI 256.396 10.589 10.825 21.414 12.290 18,269 30,559 22,879 29,094 51.973 At 30 Aprll 2022 AI 30 Aprll 2021 N•t book Values of assets h•ld und•r Ilnanc• l•as•s •nd hlre purchase contracts and Indud•d •bov• 1,3CKI.C 1,300.¢XQ 133,517 201,182 173.952 205,684 1.707,469 1,706,866 In the previous account5n8 perlod. the Club opted to dlsd05e new valuatlons of the Slte's flxed assets. These flxed assets comprlse land. a dubhouse, a garage. sports surfa￿5 and a range of flxtures. flttln8S and equlpment wlthln the bulldln8 12 Stod(s X121 Raw materlals and consumable5 5.762 5.762 3,OtKJ Carrylry v*lue •n¥ll￿d by aciMI*s 2021 2021 5ectlon charges Bar and caterln8 532 5.230 5.762 3,OCrf) 3,000 13 D•btors 2021 VAT recoverable other dèbtors iii 8.525 739 Prepayments al￿ accrued income 9.264 iii Page 14 Mluymead Retreation Centre Notes to the Accounts 14 Creditors: amounts falling due within one year 2022 2021 Bank loans and overdrafts Other creditors Deferred income Iiiii 20.629 895 21.413 15 Delerred Income Movement of the deferred inccrtne shown in credito￿.. omountsfolling due vithin one yegr 2022 2021 Deferred in current year At 30 April Advanced payment of user ￿gIstratIOn fees and room hire 16 Pknement In fun {hKludl Resourca At JO Aprll oth•r exp•nded 2022 At l Mthy 8alnsllosses 2021 Rejtrlcted funds: Endowment fvnds: 825.095 130.5591 794,536 Totol 825.095 130,5591 794,536 Unrestrlcted lunds: Genernl funds 238.835 134,350 187.3381 285,847 R•valuatlon Re5er¥es: Endowment funds., 881.771 116,6471 116,6471 865,124 Total 881.771 865,124 Total reVuluut￿n reserves 881.771 116,6471 865,124 T¢)tsl funds 1.945.701 117,703 1117,8971 1,945,507 Pvrposes and restrictlons in relation to the fund5: Revaluation reserves Represent the amount by whkh Investments exceed their hlstorlcal cost. Page 15 MIZr￿ead Re¢reaiion Centre Note5 to ihe Accounts 17 Analysis of net assets between funds fund5 funds Tot•1 Fixed assets Net current assets 1.707,469 1,707,469 238.038 1,945,507 238,038 238.038 1,707,469 18 Reconclllatlon ol net debt Ati At 30 Aprll 20ZZ 20ZI Cash trlows Cash and cash equlvalents 235.724 235.724 8,701 8,701 244,425 244,425 Net debt 235,724 8,701 244,425 19 Commliments Operotin¢ leose commitmeftts Annual commitments un(ler r￿n-(anCellab1e operatin8 leases are a5 follow5: 2022 LaThl and bulldln8S 2021 Land and bulldln8S 2021 Oth•r Operatln8 lea￿ wfth exF4ry date: 2021 The pension cost ¢haT8e to the charity amounted to.. 5,418 Page 16 Mluymead Recreatton Centye Statement of Cash flows forthe yearended 30 April 2 2022 2021 Cash flows from operatlng ¥¢tlvltles Net lexpendlturn)nncome per Statement ol Hn•ndal Aal¥*l•s 1194) 958,564 AdJustm*nts for. Depreciation of property. plant and equlpment Dlvldends, Interest and other Income IlncreasellDecrease Sn stocks IlncreasellDecrease in trade and other receivables Increase/lDecreasel in trade and other payables 30,559 18,5071 {2,7621 19,1531 20.629 21,414 163.7321 1,012 1,460 176,3201 Net ush pro¥ld•d by operattns •cll¥ltl•s 30.572 842,398 Cash flows from Irbvestlng artl¥ltl Revaluation of fixed assets Payments for property. plant and equlpment Dlvldends, Interest and other Incor 16.647 147,8091 8.507 63,732 N•t cath lu*d Inllfrom In¥estln8 aCtl¥ltles 122,6551 63,732 Net ush from fln•nclni *rtl¥ltles N•t Incr•as• In c*sh wnd •qul¥al•fits 7.917 906,130 Cash and c•Jh •qulv*l•nts * the b•tsnlw ofthe y••r 235,724 211,364 Cash and cash equl¥al•fits •t th• end otthe par 243.641 1.117,494 Compon•nts of c•sh and cath •*l•nts Cash and bank balantes Bank overdrafts 244.425 iii 235,724 244.536 235.724 Pa6e 17 Mlzzymead Recreatlon Centrè Detalled Statement of Flnanclal Aclhltles for the ￿¥r •nded 30 April 2022 Unrestrfrte Endrr•fftert d funds nds Total funds Tot41 funds 2022 2021 Income and efidovffiieThts from: Charltable artivitles Sectlon charges 53.132 53.132 53.132 53.132 22.860 22,860 Other tradlng a¢tlvltles Bar and caterln8 Social club subscriptions Lettln8s and hlre 52,021 10,530 9,755 72.306 52,021 10,530 9,755 72,3(IS 7.649 345 11042 Other Solar panel Income Bank Interest ￿￿{ved Grants Other 6,730 61 425 1.291 8.507 6.730 61 1319 71 41,379 19.963 63.732 425 1,291 8,507 Totsl Income and endoMnents 133.945 133.945 9&634 Empendlture on: Costs of other tradlng actlvlt5e5 Bar and caterbng 23.953 23.953 23.953 23.953 9.386 9.386 T¢>tsl of expethdlture on la1￿￿¥ funds 23.953 23,953 9,386 Employèe costs Salarleslwages Penslon costs Staff recruitment Stsff welfa 26.894 26.894 27.016 5,418 177 177 1,339 33.773 27.071 27.071 Motor and travel costs Fare5 495 495 495 495 Premlses costs Rates ght, heat and power Premlses cleaning Premise5 insurances 2.773 10,140 877 728 5.759 6,096 4.664 10.140 877 Premlses repalrs and malntenance 10.172 10.172 19.523 Other premlses costs 6,079 Page 18 Mlzzymead Recreallon Centre Detall¢d Statement of Nnandal Actl¥lUes 27,271 27,271 42,849 General administrative costs, in¢ludin8 depreciation and amorti53tion Depreciation of Sports Surfaces Depreciation of Contents Bank charge5 Software, ￿ support and rdated costs 12,291 18,268 12,291 18,268 10.589 10,825 128 667 255 255 Subscriptions Sundry expenses Telephone. fax and broadband L459 1.515 2.635 5.072 1,515 2,635 35,631 2.423 25,426 30.559 Legal and professlonal costs Accountancy and bookkeeplng Consultancy fees other le8al and professlonal costs L140 1.140 2,080 3,476 3,476 2,080 Tot•1 ol expendlture of oth•r