Mlzzymead Reueatl¢M Centre Charlty No. 304589 Truste•s' Report and Unaudlted Accounts 30 Aprfl 2023
Mlwmead Recre*lon Centre Contsnts Pages Tru5tees' Annual Report Independent Examlnerfs Report Ststement of Flnancial Artivltles Balance Sheet Notes to the accounts Statement of Cash flows 17 Detalled Statement of Financial Activities Page I
Mlzrymead Reueathn Centre Trustees Annual Report The truslees present thelr report wrth the unaudited financial ststements of the charrty for the year Ènded 30 April 2023. REFERENCE AND ADMINISTRATIVE DEfAILS Charlty No. 304589 Principal OFfi¢e Mizzymead Recreation Centre Mlzzymead Rise Nai15ea Bristol BS48 2JJ Trustees The followlng trustees served during the year. R Wyatt C Waller R Chappell P Faulkner R Holloway Scury K Bawdon J Clarke Holloway M Lockton K•y Mana8ement Personnel President Hon Chalrman Hon Secretsry Hon Treasurer Mr R Wyatt Mrs Curry Vacanry Mrc Waller AcMunt•nts Klngston & Co 2 Colliers Gardens Backwell Brfstol 8S48 3DT Bankers Santsnder UK PLC CAF Bank Llmited Scottish Widow5 Bank Pa8e 2
Mlzzymead Recreatlon Centre Truslees Annual Report OBJEcfivES AND AcnviTIES Mizrymead Recreation Centre IMRC} was established by a Trust Deed dated 01 June 1965 to provlde sports and recreatlon facilities for the benefit of the residents of the Parfsh of Nailsea. rrtle to the land at Mizzymead Rise was vested in the Charity Commi55ioners by Order dated 06 September 1973. The Cent provldes facllltles for Six key organisations: Indoor Bowls, Outdoor Bowls, Ladle5 Bowls, Tennls. Brldge and Snooker. Their seasons vary throughout the year. All facilities are available for use by the residents of Nailsea and surrounding Parlshes. The Centre faalitie5 are also used by a musical Comedy club. a mums and toddlers group. two line danclng groups. a ballroom dancing 8foup* a dementia support 8foupi keep fit 50+ 8foupi Slimmlng Wodd, the local Rotary Club. the local Stamp and Postcard Club and for yo8a cla55es and bingo. The Centre hosts regular and occaslonal meetings of other organisations. The Trustees confirm that they had regard to the Charlty Commlsslon guldance on public beneflt In the runnlng of the Miuymead Re¢reatlon Centre. Repre5entstlves of the respective sports clubs are as follow5: Brld8e (Mr K Bawdonl Nai15ea 8owls Club (Mr R Chappell) Nallsea Ind¢)or Bowls Club Imr B Holloway and Mrs R Holloway} Nailsea Ladles Bowls aub Imrs J Clarke) Snooker Imr P FaulknÈrl Tennls (Mrs M Locktonl ACHIEVEMENTS AND PERFORMANCE Mlzrymead Reereatlon Centre continues to pmwde 5POrts and recreatlon faclllt5e5 for the benefit of the resldènts of Nallsea and the surrounding area. The philatellc society decSded to dose and another group reduced the number of tlmes they meet due to falllng numbers. Silmmln8 World have established Monday e¥enln8 and Tuesday momlng sesslon5 wlth a 7.30am stsrt to enable people to call in on thelr way to work. A board 8ame5 group has a150 been succe$5fulfy estsbli5hed. A well-attended open day was held to celebrate the late (lueen's Platinum Jubilee. All six sectlons have been fully attsve and have attracted new members. The bar achleved a tradln8 surplus wlth tumover Increaslng by 55%. Page 3
Mlzzymead Recreatkn Centre Trustees Annual Report FINANCIAL REVIEW The new Indoor Bowls Hall roof was instslled during the summer as planned. However, the lev81 of VAT Incurred on thi5 Cost exceeded the amount allowed for recovery under VAT Notice 706- Partlal Exemption. The Increased outlay and retrospectlve re*wdluation cost were met wlthout the need to draw on reseNes. Once the new roof w35 complete, a replacement bow15 carpet was instslled. Investment was also made in replacin8 the Function Room alr condltioning units. The ability to schedule multlple Swfjtchff settings has prevented the unlts from belng acddentally left-on overnight. The bar achleved a tradln8 surplus wth turnover increasin8 by 55 sTrucruRE, GOVERNANCE AND MANAGEMENT A trust deed constltutes the 8overnln8 document and the charlty Is constltuted vla a Charltable Trust Statement of tnistees, reSponbIlItIeS In rnjatlon to the Ilnandal statements The charlty Irustees are responslble for prepar1 a trustees, annual report and flnanclal ststements In accordance wlth appllcable law arKI uned Klngdom Atcountlng Standards Iunlted Kln8dom Generally Accepted Accountln8 Practice). The tW5tees are responslble for keeping proper accountin8 records that dlsclose wlth reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial ststements comply wlth the Charitles Act 2011. the applicable Charlties (Accounts and Reports) Re8ulatlons, and the provlslons of the Trust deed. The Trustees are also respons1b for safeguording the a55ets of the charlty and hence tskin8 re•sonable 3teps for the preventlon and detertlon of fraud and other Irregularitles. The trustee5 are responslble for the malntenance and inte8rty of Informatk)n contsined within these financial statements Signed on behalf of the chèriws trustees C. Waller Trustee 30 April 2023 Page 4
Mlzzymead Recreatlon Centre Independent Examlners Rewt Independent Examlnerfs Report to the trteeS of Miuymead Reveatlon C•ntre I report to the trustees on my examination of the finan(ial ststements of Mlzzymead Recreation Centre for the yèar ended 30 Aprtl 2023. Re5ponslbllllles and basls of report As the charity's trustees you are resrx)nslble for the preparation of the financial statements in accordance wlth the requirements of the Charities Act 2011 l*he Arf). I report In respert of my examination of the charrtys finandal ststements carried out under 5ectlon 145 of the 2011 Act and In carrying out my examination I have followed all the applicable Dlrertions 8lven by the Charlty Commission under section 14515llb) of the ACL Independent examlner's si•tement I have completed my examlnation. I can confirn that no material matters have come to my attentlon In connectlon wlth the examlnatlon glvlng me cause to believe that in any materlal respert: • the accountlng e0rd5 were not kept In respect of the charlty as requlred by sertlon 130 of the Art: or • the financlal statement5 do not accord with those records: or • the financlal statements do not comply wrth the appllcable requlrements concemlng the form and content of flnancial statements set out In the Charltles (Accounts and Reports) Regulations 2008 other than any requlrement that the flnancial ststements give a 'true ond fair, vlew which Is not a matter consldered as part of an Independert examlnation. I have no concems and have come across Th> other matters In connectlon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to ènable a proper understandln8 of the flnanclal ststements to be reached. James Klngston {ACMA CGMAI Chartered Instltute of Management Accountants ICIMAI Kln8Ston & Co 2 Colll•rs Gardens Backwell Bristol BS48 3DT 30 Aprll 2023 Page 5
Mlzrymead Reueatlon Centre Statement of Flnandal Artl¥ftle5 for the year ended 30 AprH 2023 funds funds Total funds 2023 2023 Totrlfvnds Income and ermlowments from: Charitable actlvftles Other tradln8 actlvltles Other 50,In 110,631 17,882 50,172 110,631 17.882 53.132 72.306 8,507 Tolal 178,685 178,685 133,945 Expendlture on: Raising fund5 Other 36,429 iii,i 147,535 36,429 138,053 23,953 93.944 117.897 26.947 fotsl 26.947 174,482 Net gains on investments Net 5ncome 31,150 126.9471 4.203 16.048 Transfers between fvnds Net Income beforn oth•r Inslllassesl 31.150 126,9471 4,203 16,048 Other i•lns and los Losses on revaluatlon of flxed assets Other Galns {16,647) 8.549 8,549 405 Net movem•nt In funds 39.699 126,9471 12.752 11941 Racondllatlon of funds: Totsl funds brought forward 176,920 1.768.587 1.945,$07 1,945.701 Total funds urrled Iward 216,619 1,741.640 1.958.259 1.945.507 Page 6
M12rymead Recreatlon Centre Balan¢e Sheet at 30 Aprfl 2023 Charlty No. 304589 2022 Flxed assets Tan8ible assets 11 1,769,879 L769,879 1.707,469 1.707,469 Current assets stocks Debtors Cash at bank and Sn hand 5.632 24,357 208,205 238,194 149.8141 188,380 5,762 9.264 244,425 259,451 121,4131 238,038 1,945,507 1.945,507 Credhovs: Amount falllng due wlthln one year Net ¢urrent assets 14 Total assets less current Ilabllttles 1.958,259 Net assets excludlng penslon ass•t or Ilablllty Total net assets 1,958,259 1,958.259 1,945,507 The funds afthe ¢h•rlty R•strlct•d funds Endowment funds 16 859,869 859,869 886.816 886,816 Unrèstrlcted funds General funds 16 216,619 176,920 216.619 176,920 Reserves RevaluatSon reserve 16 881.771 881,771 881,771 881,771 Total funds 1,958.259 1,945,507 Approved by the trustees on 30 Aprll 2023 And slgned on thelr behalf by: C. Waller Trustee 30 April 2023 Pa8e 7
Mlzzymead Recreatlon Centre Notes to the Accounts for the year ended 30 Aprn 2023 l Accountlnz polldes Basls of prepar•tlon The flnancial ststements have been prepared In accordance wlth Ststement of Recommended Practlce.. Accountln8 and Reporknng by Charltles preparlng thelr èccounts in actordance wlth the Flnanclal Reporting Standard applicable In the UK and Republic if Ireland IFRS 1021 issued on 16 July 2014 and the Financlal Reporting Standard applicable in the Untted Kingdom and Republic of Ireland IFRS 1021 and the Charities Att 2011. Chanp In basts of accountlng or to we¥lous arcounts There has been no change to the accountin8 policies (valuation rules and method of accountln81 slnce last year and chan8es have been made to accounts for previous years. Fund a¢¢ountlni Unrestrlcted funds These are avaliable for use at the dlscretlon of the trustees In furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustee5 for partlcular purposes. These are unrestricted lunds which Include a revaluation reserve representln8 the reststement of investment assets at their market values. These are ava113ble for use subjert to restrictlons Imposed by the donor or through terrn5 of an appeal. Deslgnated funds Revaluatlon funds Restrltted funds Incom• Recosnltlon of Income Income is included In the Ststement of Flnanclal Actlvltles ISOFAI whèn the charlty becomes entitled to. and wrtually certain to receive. the income and the amount of the Income can be measured with sufficlent reliablllty. Income wlth related Where income has related expenditure the Income and related expenditure Is expenditure reported 8ros5 in the SOF Donatlons and legacles Voluntary Income receTrved by vray of 8raTfts, donatlons and gifts Is Included In the the SOFA when recebvbble and only when the Charity has unconditlonal entltlement to the income. Tax ClaImS on Income from tax redalm$1s Included In the SOFA at the same tlme as the donatlons and glfts glftldonatlon to which it relates. Donated services These are only included in income Iwith an equfvalent amount In expenditure) and facSlltles where the benefrt to the Charty is re350nably quantifiable, measurable and material. Volunteer help The value of any volunteer help recetved is not induded in the accounts. Investment income This is induded In the accounts when recewable. Gainslllossesl on This indudes any gain or loss resulting from revaluing Investments to market value revaluation of fixed at the end of the year. assets Ga5n51llosses) on Investment 35sets This indudes anygain or loss on the sabE of investments. Page 8
Mlzzymead Re¢reatlon Centre Note5 to the Ac¢ounts Expendlture Recognitlon of expenditure Expenditure Is recognised on an accruals ba515. E4)endtture Includes any VAT which cannot be fully recovered. and is reported as part of the expenditure to which it relates. Expenditure on These comytse the costs asxxi4ted with attrèctlng voluntary Income. fundraLslng raising funds trading costs and investment management Costs. Expenditure on These comprise the costs incurred by the Charlty In the delfvery of Its acttvltle5 and charitable activities serve$ in the furtherance of its objects. including the making of 8rants and overnan¢e costs. All grant expendlture Is ar£ounted for on an actual paid basis plus an accrual for grants that have been approlpd by the trustees at the end of the year but not yet pald. These indude those costs as50dated wlth meetlng the constltutlonal and statutory requlrements of the Charlty. Includln8 any auditllndependent examination lees, costs Ilnked to the strateglc management of the Charlty. tO8ether wlth a share of other admln15tration costs. Other expendlture Thesè are support Costs not allocated to a partlcular actlvlty. Grants payable Governance costs Taxatlon The char5ty Is exempt from tsx on Its charltable actlvltles. T•nglble Il¥ed ass•ts and depre¢latlon Depreciatlonls provSded at the followlng annual rates In orderto wrlte off each asset over Its estlmated useful IFfe: Sports Surfaces 5% Redudng balance Contents 7.5% Reducin8 balance The Charity. in partnership with it's appointed Agent, have opted to Implement a new base Ilne posltlon for it's fixed asset re8lster Un6 a cornprehensfve vdluatlon of the sites a55ets In Au8USt 2016. Freehold Invertment pmprty Investment propertie5 are measured inStially at cost and subsequently at fairvalue at each balance sheet date and are not deprec5ated. All 8alns or lo$ are taken to the Statement Qf FSnancl•l Actlvltles as they arlse. Stscks Stock is included at the rower of cost or net reallsable value. Donated items of stock are retognised at fair value whlch Is the amount the charity would have been willing to pay for the items on the open market. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade dlscounts due. Page 9
Mlzzymead Recreatlon Contre Notes to the Accounts Cash and ¢ash equivalents Cash and cash equivalents comprfse cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturrties of three months or less and bank overdrafts. In the ststement of financial position, bank overdraft5 are shown within borrowings or current liabilities. In the Statement of Cash Flows. cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and forni an Integral part of the companrfs cash management. Tr¥de and other vedltor5 Short term creditors are measured at the transactlon price. Other creditors and provisions are recoBnlsed where the charlty has a present obllgatlon resulting from a past event that will probably result In the transfer of frJnds to a thlrd party and the amount due to settle the obligation can be measured or estlmated reliably. Creditor5 and provisions are nonna1 reo)gnised at their settlement amount after allowlng for any trade discounts due. R•s•atch and d•wlopment Expenditure on research and development Is wrltten off In the year In whl¢h it is incurred. Fore1 currendes Monetary assets and IlabllFtles denomlnated In currencles other than the functlonal currency of the charity are translated at the rates of exthan8e prevalling at the end of the reportin8 perlod. Transactions in Currencies other than the funrtional currency of the charSty are recorded at the rate of exchange on the date that the transacdon ¢rred. All exchan8e dlfferences are are tskèn into account in arrlvin8 at net incomelexpendlture. Leased assets Where the charlty enters Into a lease whith entslls tskin8 substantlally all the rlsks and rewards of ownershlp of an asset, the lease is treated as a flnance lease. Leases whlch do not transfer substantlally all the rtsks and rewards of ownership to charity are classified as operating leases. Assets held under flnance leases are Inrtlally recognised as assets of the charfty at thelr falr value ar the Inceptlon of the lease or, If lower. at the present value of the minlmum lease payments. The correspondlng Ilablllty to the lessor is Induded In the balance Sheet date as a finance lease obllgatlon, Lease payments are apportionÈd between finance expense5 and redurtlon of the lease obli8atlon so as to achieve a constant rate of interest on the remaining balance of the Ilability. Finance expenses are reco8nlsed Immediately, unless they are dirertly attrlbutable to qualifying assets. in whith case they are calISed in acc¢xdance with the charity's poliry on borrowin8 costs. A55ets held under finan leases are depreciated In the same way as owned assets. Operating lease payments are reco8nlsed as an expense on a straight-line ba5 over the lease term. In the event that lease incentives are recelved to enter into operating leases, such incentlves are recognised as a liabillty. The aggregate benefft of incentives is recc*nised as a reduction of rentsl expense on a strai8ht-Ilne basis. Penslan costs The charity operates a defined contribution plan for it5 employees. A defined contrlbution plan Is a pension plan under which the charity pays fixed contributlons into a separate enttty. Once the contributions have been paid the charty has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not pald are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in Independent administered funds. Page 10
Mlzzymead Recreatlon Centre Notes to the Accounts Recelpt of donated goods, fadltties and servkes All donated goods, faalrcies and serwces received are recognised within incom1 resources and expenditu at an estimate of the value to the charity- 2 Ststement of Financial kbvhles- prlor year Unrestrlrted Erbdowment nds funds Totsl funds 2022 2022 2022 Income and onknnents from: Charltoble artlvltles Other tradln8 artlvltles Other 53.132 72.306 8.507 53.132 72.306 8,507 Tot•1 133.945 133.945 Expendlture on: Ralsln8 funds Other 23.953 63,385 23.953 93,944 30,559 Tatsl 87.338 30.559 117.897 Net Income 46,607 130,5591 16,048 Net Incomè before oth•r 8Jlns/{lossesl Other 8alns and10sses: Galns on revaluatlon of fixed assets Other Galns 46,607 130,559) 16,048 {16,6471 116,6471 405 405 Net mo¥ernent In lunds 47.012 147,2061 11941 R•¢onclll•tlon ol funds: Total funds brought forward Total funds canled forward 238,835 1,706,866 1,945,701 285,847 1,659,660 1,945,507 3 Incom• from dvItabl• •ctl¥ltl•s Total Totsl 2023 Z022 Sectlon char8es 50,172 50.172 50,172 50.172 53,132 53.132 Page 11
Mlzzymead Re¢reatlon Centre Notes to the Accounts 4 Income from rthertradk¥ artl¥ld Total Totsl 2022 2023 Bar and caterln8 User subs¢Tlptio Lettings and hire 77.751 10,770 22.110 110.631 77.751 10.770 22.110 110.631 52,021 10,530 9.755 72,306 5 thher Income Totsl 2023 Totsl Solar panel Income Bank interest recelved Grants 495 738 4,895 738 6,730 61 7,697 4.552 17,882 7.697 4,552 17,882 425 Other 1,291 8,507 6 Exp•ndltur• on ralslni fiNMIs Total 2023 Totsl 2022 Fundrolslng trodlng costs ar and catering 36,429 36,429 36,429 36.429 23,953 23,953 7 Other expendlture Tot*1 Tot•1 2023 Employee costs Motor and travel costs Premlses costs Amort15atlon, depreciation. Impalrment. profitlloss on dlsposal of fixed assets General administrative costs Le8al and professlonal ¢05ts 36.974 L436 36,974 1.436 34.034 27,071 49S 27,271 26.947 26.947 30.559 9,722 20.155 102.321 9.722 20.155 129,268 5.072 3.476 93,944 26347 Page 12
Mlzrymead Re¢reation Centre Notes to the Accounts 8 Net income before transf•rs 2023 2022 This is stated after char8lng: Depreciation of owned fixed assets Independerrt Examinees fee 26.947 1.336 30,559 1,140 9 Trustee remuneratlon and expenses 2023 Number 2022 Number Number of trustees paid expenses The nature of the relmbursed expenses Relmbursemerrt of MRC purchases made from personal resource5 10 Staff costs 2023 36.736 238 36.974 2022 26,894 Salaries and wa8es Penslon costs 26,894 No employee receSved emoluments In excess of £60,(LKI. The average monthly number of full tlme equlvalent empleS durin8 the year was as follows: 2023 Number 2022 Number ack office Cleanln8 and maSntenan¢e 10.6 FTE Totsll Social club11.2 FfE Totall The Charity's penslon s¢heme Is operated by Nest Page 13
Mlzzymead Recreatlon Centre Notes to the Accounts 11 Tnble fixed assets Land and IlIdIng$ Sports Surfa Contents Total Cost or rmluatlon At l May 2022 Additions At 30 April 2023 Depr•clatlon and Impalrment At l May 2022 Depreclation charge for the year At 30 April 2023 Net book values At 30 April 2023 At 30 Aprll 2022 Net book v4lues of •ss•ts held under flnance le45e5 •hd hlre pur¢hase contr•cts and Included above 1.3CKI.IyX) 256,396 23,4CM) 279,796 203.046 65,957 269,003 1.759.442 89,357 1,848.799 i.300,0 22.879 29,094 51,973 12,846 14.101 26,947 35,725 43,195 78,920 1,3Tr).L 1,300,CKMJ 244.071 233.517 225,808 173.952 1,769.879 1,707.469 In a previous accounting period. the Club opted to dlsdose new valuatlons of the Slte's flxed assets. These flxed assets comprlse land. a clubhouse, a 8ara8e. sports surfaces and a range of flxtures, flttlngs and equlpment wh1n the building 12 Stocks 2023 2022 Raw materlals and consumabtes 5,632 5,632 5.762 5,762 C*rryln8 valu• •n•lyMd by •¢tl¥ll 20Z2 Bar and caterlng 5,632 5,632 5,762 5.762 13 Dèbtors 2023 2022 Other debtors Prepayments and accrued Income 2.798 21.SS9 24.357 8,525 739 9.264 Page 14
Mluymead Reueatlon Centre Notes lo the Atcounts 14 Credltors: amounts falllng due within one year 2023 2022 Bank loans and overdrafts Other taxes and soclal security Other CredOr5 Deferred income 15781 18.763 31,629 Iiiii 20.629 895 21,413 49.814 15 Deferred Incom Movement of the deferred income shown in Credltor5.' amountsfvlllng due wlthln one year 2023 JJ22 Atlmay Released In current year Deferred Sn current year At 30 Aprll 16 Movement In lund$ 895 18951 895 895 resources (Includln8 other At l May pln$llosses 2021 Resources At 30 Aprfl expended Z023 Restrfcted fvnds: Endowment fvnds: 886.816 126,9471 859,869 Totol 886.816 126,9471 859,869 unre11Cted funds: G•neral funds 176.920 187.234 1147,535) 216.619 R•valuatlon Reserve5: Endowment fund5'. 881.771 881,771 Tottrl 881.771 881,771 rotol revaluotion reserves 881,771 881,771 Totsl funds 1.945,507 187,234 1174,4821 1,958.259 Purposes and restrictions in relation to the fiJnds: Revaluation reserves Represent the amount by which investmerrts exceed their hlstorical cost. Page 15
Mizzymead Recreatlon Cenire Notes to the A¢¢ounts 17 Anatysls of net assets bètween funds Unrestrlcted Restrlcted funds fvnds Total Fixed assets Net current assets 1.769,879 1.769,879 188.380 1,958,259 188.380 188.380 1,769,879 18 Reconclllatlon of nrt debt Atlmay 2012 Cash fl¢)ws At 30 Aprfl 2025 Cash and cash equlvalents 244,425 244,425 136,2201 136,2201 208.205 208,205 Net debt 244,425 136,2201 208.205 19 Commltments Operotlnq lease commltments Annual commitments under noTrcancelkble operatlng leases are as follows: 2023 2022 Land and bulldlngs land and bulldln88 Oth•r Other Operatlng leases with explry date: Penslon commhments 2023 2022 The penslon cost charge to the charity amounted to: 238 Page 16
Mlzrymead Recreatlon Centre Statement of Cash flows for the year ended 30 Aprfl 2023 2023 2022 Cash fltms fvom operatlni actl¥ltie5 Net Incomellexpendlture) per Statement of Analal ArtMIs 12,752 11941 AdJu5tmerrts for: Depreciatlon of property plant and equipment Dividends, interest and rents from Investments Decreaselllncreasel In Stocks Increase in trade and other recelwdbles Increase In trade and other payables 26,947 117,8821 130 115,093) 29,763 30,559 18,5071 12.7621 19.1531 20,629 Net cash proded by owratln8 aCtl¥ftl•s 36,617 30,572 C•sh flows from Investln8 aCtl¥ltles Payments for propertyi plant and equipment Dlvldends, Interest and rents from Investments 189,3571 17.882 {47,8091 8.507 N•t cash us•d In In¥estlni athllles 171.4751 122,6551 Net $h from flnandni •cthAtI Net Id•cre•se)Ilncms• In ush and equlv*l•Thts 134,858) 7.917 Cash 4nd c•th equlv•l•nts •t the be8lThnlw of the y••T 244,536 235.724 C•sh •nd 1h ¢quIlefits at the end of the year 209,678 243.641 Components of cash and cash equlvalents Cash and bank balances Bank overdrafts 208,205 578 244,425 iii 208.783 244,536 Page 17
Mknrymead Recreatlon Centre DetallÈd Ststement of Fina[al Aclm forthe year ended 30 2023 funds Funds Totsl funds Total fvnds 2023 2023 Income and endowm from: Charitable activit Sertion ¢har8e5 50,172 50.172 YJ,172 50,172 53.132 53.132 Other trading artlvltles Bar and calerlng User sybs¢rlptlons Lettlngs and hlre 77,751 10.770 22.110 110.631 77,751 10,770 22,110 110.631 52,021 10,530 9,755 72,306 oiher Solar panel Income 8ank Interest recelved Grant5 Other 4,895 738 4,895 738 7,697 4.552 17.882 6,730 61 425 1.291 8,507 7,697 4.552 17,882 Total Income and endop*m 178.685 178.685 133,945 Expendloure on: Costs of other tradlng actlvltles Bar and caterln8 36.429 36.429 36,429 36,429 23,953 23.953 Total of expendlttn on r•lsk funds 36.429 36,429 23,953 Employee costs Salarles/waBes Penslon costs Staff recrultment 36.736 238 36,736 238 26.894 177 27,071 36,974 36,974 Motor and travel costs Fares 1,436 1,436 1,436 1,436 495 495 Premise5 costs Rates Llght, heat and power Preml$e5 cleanlng Premises insurances Premlses paIrS and rnalntènan Other premises costs 2.178 13.746 1.591 2,178 13,746 1.591 4,938 2,773 10,140 877 10.172 3.078 34.034 3.078 34,034 3.309 27,271 Page 18
Mizrymead Reveatlon Centre Detalled Ststement of Flnanci•l P£tlvh1¢5 General administratSve costs, Including depreaation and amortisatlon Depreclatlon of Sport5 Surfaces Depreciation of Contents Bank charges Equipment expensed Software, IT support and related costs Stationery and prlntlng Sub5criptlons Sundry expenses Telephone, fax and broadband 12,846 14,101 12,846 14,101 117 2.929 12,291 18,268 667 117 2.929 2.221 2.221 255 128 777 709 2.841 9.722 128 777 7(YJ 1,515 2,635 35.631 2,841 36.669 26.947 Legal and professional costs Audlvlndependent examlnatbn fees Consultancy fees Other legal and professlonal costs 1.336 1.336 1,140 1,346 18,819 18,819 99) 20,155 102,321 20,155 3,476 93,944 Tot*1 of expendlture of other costs Totsl exp•ndlture Net galns on Investments 26.947 129.268 138,7SO 26,947 165.697 117,897 Net Income 39.935 126,9471 12,988 16,048 Net Income belore other 8Alnsl(lossesl Other rewnlsed lains and losses Losses on revaluation of fixed assets 39,935 126,947) 12.988 16,048 116,6471 Other IIL055eslllGalns 1236) 12361 405 N•t movement In funds 39,699 126.9471 12,752 11941 Reconclllatlon of fvnds: Totsl funds brought fonvard 176.920 1.768,587 1.945.507 1,945,701 Total funds orrled forward 216,619 1.741,640 1.958,259 1,945,507 Page 19