| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 4 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 16 |
| Detailed Statement ofFinancial Activities | 17 |
| for the Year Ended 31Marc | h 2022 | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Unrestricted | Total | |||
| funds | funds | |||
| Notes | ||||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies |
2 | 43,397 | 35,863 | |
| Other trading activities | 31,659 | 31,659 | ||
| Investment income |
1,545 | 1,370 | ||
| Total | 76,601 | 68,892 | ||
| EXPENDITURE ON | ||||
| Raising funds | 141,754 | 139,619 | ||
| Other | 7,114 | 3,150 | ||
| Total | 148,868 | 142,769 | ||
| NET INCOME/(EXPENDITURE) | (72,267) | (73,877) | ||
| RECONCILIATION | OF FUNDS | |||
| Total funds brought | forward | 1,659,461 | 1,733,338 | |
| TOTAL FUNDS CARRIED FORWARD | 1,587,194 | 1,659,461 |
| Balance Sheet 31March 2022 |
|||
|---|---|---|---|
| 2022 | 2021 | ||
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 1,240,469 | 1,366,645 | |
| Investments | 2 | 2 | |
| 1,240,471 | 1,366,647 | ||
| CURRENT ASSETS | |||
| Debtors | 10 | 327,279 | 282,654 |
| Cash at bank | 228,395 | 238,806 | |
| 555,674 | 521,460 | ||
| CREDITORS | |||
| Amounts falling due within one year |
(26,007) | (24,715) | |
| NET CURRENT ASSETS | 529,667 | 496,745 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 1,770,138 | 1,863,392 | |
| CREDITORS | |||
| Amounts falling due after more than one |
|||
| year | 12 | (182,944) | (203,931) |
| NET ASSETS | 1,587,194 | 1,659,461 | |
| FUNDS | 14 | ||
| Unrestricted funds |
1,587,194 | 1,659,461 | |
| TOTAL FUNDS | 1,587,194 | 1,659,461 |
| Long leasehold | 25-50 years straight line |
|---|---|
| Plant and machinery | 20'/o on reducing balance per annum |
| Fixtures and fittings | 15'/o on reducing balance per annum |
| Unrestricted | ||||
|---|---|---|---|---|
| Funds | Total 2021 | Total 2020 | ||
| Donations | and gifts | 0 | 0 | 5,000 |
| Grant release | 14,900 | 14,900 | 14,900 | |
| NCC Covid-19 grant | 20,963 | 20,963 | 0 | |
| 35,863 | 35,863 | 19,900 |
| 2022 | 2021 |
|---|---|
| 31,659 | 31,659 |
| 4. | INVESTMENT INCOME | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Deposit account interest | 1,545 | 1,370 | ||
| 5. | NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) is stated |
after charging/(crediting): | |||
| 2022 | 2021 | |||
| Depreciation —owned assets |
131,847 | 132,484 | ||
| 6. | TRUSTEES' REMUNERATION | AND BENEFITS |
| COMPAR | ATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES |
|---|---|---|
| Unrestricted | ||
| funds | ||
| INCOME | AND ENDOWMENTS FROM | |
| Donations | and legacies | 35,863 |
| Other trading activities | 31,659 | |
| Investment | income | 1,370 |
| Total | 68,892 | |
| EXPENDITURE ON | ||
| Raising funds | 139,619 | |
| Other | 3,150 | |
| Total | 142,769 | |
| NET INCOME/(EXPENDITURE) | (73,877) |
| 7. | COMPARATIVES F | OR THE STAT | EMENT OF FIN | ANCIAL ACTI | VITIES -co | ntinued |
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| funds | ||||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 1,733,338 | ||||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 1,659,461 | |||||
| S. | TANGIBLE FIXED | ASSETS | ||||
| Fixtures | ||||||
| Long | Plant and | and | ||||
| leasehold | machinery | fittings | Totals | |||
| COST | ||||||
| At 1 April 2021 | 3,626,209 | 308,644 | 54,084 | 3,988,937 | ||
| Additions | 5,671 | 5,671 | ||||
| At 31 March 2022 | 3,626,209 | 314,315 | 54,084 | 3,994,608 | ||
| DEPRECIATION | ||||||
| At 1 April 2021 | 2,291,378 | 284,762 | 46,152 | 2,622,292 | ||
| Charge for year | 125,114 | 5,543 | 1,190 | 131,847 | ||
| At 31 March 2022 | 2,416,492 | 290,305 | 47,342 | 2,754,139 | ||
| NET BOOK VALUE | ||||||
| At 31 March 2022 | 1,209,717 | 24,010 | 6,742 | 1,240,469 | ||
| At 31 March 2021 | 1,334,831 | 23,882 | 7,932 | 1,366,645 |
| Cost or valuation |
|---|
| As at 1 April 20204 31 March 2021 |
| Carrying amount |
| As at 31 March 2021 |
| As at 31 March 2020 |
| 2022 | 2021 | |
|---|---|---|
| Amounts owed by group undertakings |
326,979 | 282,054 |
| Other debtors | 127 | 427 |
| Prepayments | 173 | 173 |
| 327,279 | 282,654 |
| for the Year Ended 31Ma | for the Year Ended 31Ma | rch 2022 | |||
|---|---|---|---|---|---|
| 11. | CREDITORS: AMOUNTS FALLING DUE WITHIN | ONE YEAR | |||
| 2022 | 2021 | ||||
| Bank loans and overdrafts | (see note 13) | 8,920 | 10,000 | ||
| Trade creditors | 13 | 2,307 | |||
| Other creditors | 908 | 908 | |||
| Accrued expenses | 16,166 | 11,500 | |||
| 26,007 | 24,715 | ||||
| 12. | CREDITORS: AMOUNTS FALLING DUE AFTER | MORE THAN | ONE YEAR | ||
| 2022 | 2021 | ||||
| Bank loans (see note 13) | 33,913 | 40,000 | |||
| Grant reserve | 149,031 | 163,931 | |||
| 182,944 | 203,931 | ||||
| 13. | LOANS | ||||
| An analysis ofthe maturity | ofloans is given below: | ||||
| 2022 | 2021 | ||||
| Amounts falling due within |
one year on demand: | ||||
| Bank loans | 8,920 | 10,000 | |||
| Amounts falling due between two and five years: |
|||||
| Bank loans - 2-5 years | 33,913 | 40,000 | |||
| 14. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1/4/21 | in funds | 31/3/22 | |||
| Unrestricted funds |
|||||
| General fund | 1,659,461 | (72,267) | 1,587,194 | ||
| TOTAL FUNDS | 1,659,461 | (72,267) | 1,587,194 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted | funds | ||||
| General fund | 76,601 | (148,868) | (72,267) | ||
| TOTAL FUNDS | 76,601 | (148,868) | (72,267) | ||
| Comparatives | for movement | in funds | |||
| Net | |||||
| movement | At | ||||
| At 1/4/20 | in funds | 31/3/21 | |||
| Unrestricted | funds | ||||
| General fund | 1,733,338 | (73,877) | 1,659,461 | ||
| TOTAL FUNDS | 1,733,338 | (73,877) | 1,659,461 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 68,892 | (142,769) | (73,877) | |
| TOTAL FUNDS | 68,892 | (142,769) | (73,877) |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1/4/20 | in funds | 31/3/22 | ||
| Unrestricted | funds | |||
| General fund | 1,733,338 | (146,144) | 1,587,194 | |
| TOTAL FUNDS | 1,733,338 | (146,144) | 1,587,194 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 145,493 | (291,637) | (146,144) | |
| TOTAL FUNDS | 145,493 | (291,637) | (146,144) |
| Detailed Statement ofFinancial Activities | ||
|---|---|---|
| for the Year Ended 31March 2022 | ||
| 2022 | 2021 | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies |
||
| Grants | 43,397 | 35,863 |
| Other trading activities | ||
| Operation ofSports Centre | 31,659 | 31,659 |
| Investment income |
||
| Deposit account interest | 1,545 | 1,370 |
| Total incoming resources |
76,601 | 68,892 |
| EXPENDITURE | ||
| Other trading activities |
||
| Operation ofthe sports centre | 12 | 213 |
| Support costs | ||
| Finance | ||
| Bank charges | 71 | 92 |
| Freehold property | 125,114 | 125,112 |
| Plant and machinery | 5,543 | 5,971 |
| Fixtures and fittings | 1,190 | 1,400 |
| 131,918 | 132,575 | |
| Other | ||
| Premises costs | 14,118 | 6,831 |
| Governance costs |
||
| Accountancy fees |
2,000 | 3,150 |
| Bank loan interest | 820 | |
| 2,820 | 3,150 | |
| Total resources expended | 148,868 | 142,769 |
| Net expenditure | (72,267) | (73,877) |