| CONTENTS | PAGE | |
|---|---|---|
| The Council and Administration | ||
| Report ofthe Chairman | ||
| Directors' Report | 3/7 | |
| Independent Examiner's |
Report | |
| Statement of Financial |
Activities | |
| Balance Sheet | ||
| Accounting Policies and Notes |
11/21 |
| PRESIDENT | Mrs J Morris | |||
|---|---|---|---|---|
| VICE PRESIDENT | Vacant | |||
| COUNCIL MEMBERS | Mrs CA Alton | Mrs I I Hart |
||
| (BOARD ofDIRECTORS) | Mrs VApple | Mr R W Smith | ||
| Ms KJ Price | Mrs P Tilley | |||
| Mr G R Freeman | Mrs H Hundley | |||
| Mrs J Morris | Mrs J Bird | |||
| HONORARY SECRETARY | Mrs VApple | |||
| HONORARY TREASURER | Vacant | |||
| MANAGER | Mr A Carlton | |||
| REPORTING ACCOUNTANTS | Mr A R R Price | FCA | ||
| Pells | ||||
| Chartered Accountants |
||||
| 17Newstead | Grove | |||
| NOTTINGHAM | NG1 4GZ | |||
| BANKERS | Virgin Money | |||
| 11 Smithy Row | ||||
| NOTTING HAM | ||||
| NG1 3EJ | ||||
| SOLICITORS | Geldards LLP |
|||
| The Arc | ||||
| Enterprise Way |
||||
| NOTTINGHAM | NG2 1EN | |||
| REGISTERED OFFICE | 3 North Sherwood Street | |||
| NOTTINGHAM | NG1 4EZ |
| Mrs | C Alton | Mrs | H Hundley | ||||
|---|---|---|---|---|---|---|---|
| Mrs | VApple | Mrs | I I Hart |
||||
| Ms | KJ Price | Mrs | P Tilley | ||||
| Mrs | CA Chapman | (resigned | 22nd June 2023) | Mrs | J Bird | ||
| Mr | R W Smith | Mr | GR Freeman | (appointed | 10th June 2022) |
| represent our major source of incom |
e this and the | sale of Food and Bev | erage. |
|---|---|---|---|
| Achievements and Performance |
|||
| The results for the year (as detailed | in the attached | financial statements) | were as follows:- |
| Incoming Resources |
177,331 | ||
| Outgoing Resources |
~289,4451 | ||
| Net Outgoing Resources for the Year |
(112,114) | ||
| Balance brought forward |
1,663,422 | ||
| Total Unrestricted Funds as at 31stDecember 2022 |
1,551,308 | ||
| The above funds have been allocated as follows:- |
|||
| Resources used for Net Acquisitions | of Fixed Assets | 1,245,649 | |
| Working Capital Liabilities falling due after more than |
one year | 333,992 ~28,333 |
|
| Total Funds as at 31stDecember | 2022 | 1,551,308 |
| ( | Limited by Guarantee - Registered in England No. 00929885) |
Limited by Guarantee - Registered in England No. 00929885) |
Limited by Guarantee - Registered in England No. 00929885) |
Limited by Guarantee - Registered in England No. 00929885) |
|
|---|---|---|---|---|---|
| STATEMENT OF FINANCIAL ACTIVITIES | |||||
| (INCLUDING | INCOME AND EXPENDITURE ACCOUNT | ||||
| FOR THE YEAR ENDED 31STDECEMBER 2022 | |||||
| Total | Total | ||||
| Funds | Funds | ||||
| Notes | 2022f | 2021 6 |
|||
| UNRESTRICTED FUNDS | |||||
| INCOME | |||||
| Income and Endowments from: |
|||||
| Donations and grants |
30,356 | 121,968 | |||
| Charitable Acitivities |
129,900 | 74,348 | |||
| Other Trading Acitivities |
9,588 | 4,510 | |||
| Investment income |
7,487 | 1,610 | |||
| TOTAL INCOME | 177,331 | 202,436 | |||
| EXPENDITURE ON: | |||||
| Raising Funds | 31,943 | 34,779 | |||
| Charitable Activities |
257,502 | 255,020 | |||
| TOTAL EXPENDITURE | 289,445 | 289,799 | |||
| Net Outgoing Resources for the Year |
(112,114) | (87,363) | |||
| NET LOSSES ON INVESTMENTS | |||||
| Loss on Revaluation | of Investment | Property | 50,000 | ||
| NET MOVEMENT IN |
FUNDS | (112,114) | (137,363) | ||
| Total Funds at 1stJanuary 2022 | 1,663,422 | 1,800,785 | |||
| TOTAL FUNDS AT 31STDECEMBER 2022 | 1,551,308 | 1,663,422 | |||
| All the above results | are derived from continuing | activities. |
| 3 | INCOME FROM CH | ARITABLE A | CTIVITIES | ||
|---|---|---|---|---|---|
| 2022 | 2021f | ||||
| Members' Subscriptions |
10,254 | 7,756 | |||
| Members' Cultural Excursions |
42,037 | 17,935 | |||
| Restaurant and Bar |
46,106 | 28,184 | |||
| Lettings of Rooms | 30,928 | 20,339 | |||
| Visitor Tickets | 401 | 42 | |||
| Library and Sundry | 174 | 92 | |||
| 129,900 | 74,348 | ||||
| 4 | OTHER TRADING ACTIVITIES | ||||
| Room Hire | 9,588 | 4,510 | |||
| 5 | INVESTMENT INCOME | ||||
| Rent Receivable Phoenix Park |
|||||
| Lease Break Clause | Penalty | ||||
| Lease Compensation | |||||
| Car Parking Charges | 7,487 | 1,610 | |||
| Service Charges and Allowances |
Phoenix Park | ||||
| 7,487 | 1,610 | ||||
| 6 | RAISING FUNDS | ||||
| Investment Management Costs: |
|||||
| Letting Commission | and Fees | 121 | |||
| Indemnity fee |
705 | ||||
| Legal Fees on sale | 4,068 | ||||
| Agents commission on sale |
6,670 | ||||
| Landlords Costs |
10,167 | 32,658 | |||
| 21,610 | 32,779 | ||||
| Provision for Doubtful | Debts | 333 | |||
| Fund Raising and Publicity | |||||
| Management of Lettings of Rooms |
10,000 | 2,000 | |||
| 31,943 | 34,779 |
| ANALYSIS OF EXP | ENDITURE ON CHA | RITABLE ACTIVITI | ES | |
|---|---|---|---|---|
| 2022 | 2021 | |||
| 6 | ||||
| Restaurant and Bar: |
||||
| Purchases | 16,.775 | 9,617 | ||
| Wages | 19,716 | 41,251 | ||
| Repairs | 2,781 | 1,102 | ||
| Equipment Hire |
493 | 1,747 | ||
| Rates &Water | 1,552 | 1,105 | ||
| Electricity and Gas | 1,938 | 1,734 | ||
| Cleaning( Incl wages) and Sundries |
3,352 | 3,910 | ||
| Depreciation | 1,175 | 1,175 | ||
| 47,782 | 61,641 | |||
| Members' Cultural |
Excursions | 40,533 | 16,430 | |
| General: | ||||
| Management and Office Salaries and Wages |
50,492 | 65,580 | ||
| Rates, Water, Electricity, Gas, Insurance | and Telephone | 15,594 | 11,336 | |
| Printing, Stationery |
and Postage | 753 | 886 | |
| Sundry | 4,132 | 4,786 | ||
| Depreciation | 2,773 | 2,687 | ||
| Repairs and Maintenance | 2,485 | 301 | ||
| Bank Interest | 1,274 | 116 | ||
| Credit Card Charges | 1,355 | 1,170 | ||
| 78,858 | 86,862 | |||
| Buildings: | ||||
| Wages Facilities | 46,352 | 40,458 | ||
| Repairs and Maintenance | 7,030 | 5,442 | ||
| Cleaning Wages |
10,795 | 17,552 | ||
| Cleaning and Sundries |
2,541 | 1,995 | ||
| Depreciation | 18,290 | 18,289 | ||
| 85,008 | 83,736 | |||
| Library and Sundry: | ||||
| Books and Periodicals | ||||
| Depreciation | 102 | 338 | ||
| 102 | 338 |
| 7 | ANALYSIS OF EXPENDITURE ON | CHARITABLE EVENTS | (Continued) | ||
| 2022 | 2021 | ||||
| f | f | ||||
| Governance | Costs: | ||||
| Independent | Examiners Fees | 1,595 | 1,450 | ||
| Other Accounting Services |
3,445 | 4,440 | |||
| Bank Charges | 166 | 110 | |||
| Filing Fees | 13 | 13 | |||
| 5,219 | 6,013 | ||||
| TOTAL FOR CHARITABLE ACTIVITIES | 257,502 | 255,020 | |||
| 8 | STAFF COSTS AND NUMBERS | ||||
| Staff Costs | were as follows: | ||||
| Salaries and | Wages | 134,751 | 160,049 | ||
| Social Security Costs | 3,796 | 5,108 | |||
| Pension Costs - Deferred Contribution |
1,508 | 1,665 | |||
| 140,055 | 166,842 | ||||
| No employee | received emoluments | of more than f60,000. | |||
| The average | numbers ofand employees |
||||
| during the | year were: | ||||
| No. | No. | ||||
| Employees: | Directors | ||||
| Office and Administration | |||||
| Facility Staff | |||||
| 12 |
| NET EXPENDITURE | NET EXPENDITURE | NET EXPENDITURE | FOR THE YEAR | FOR THE YEAR | FOR THE YEAR | |||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| E | 6 | |||||||
| This is stated after | charging: | |||||||
| Depreciation | 22,340 | 22,489 | ||||||
| Independent | Examiner's | Fee | 1,595 | 1,450 | ||||
| Other Accounting | Services | 3,445 | 4,440 | |||||
| TANGIBLE FIXEDASSETS | ||||||||
| Equipment, | ||||||||
| Freehold | Fixtures | Total | ||||||
| Land and | and | Computer | Tangible | |||||
| Building | Fittin s | Furnishings | Equipment | Assets | ||||
| COST | ||||||||
| At 1.1.22 | 1,567,333 | 281,421 | 70,366 | 26,074 | 1,945,196 | |||
| Additions | ||||||||
| Disposals | ||||||||
| At 31.12.22 | 1,567,337 | 281,421 | 70,366 | 26,074 | 1,945,198 | |||
| DEPRECIATION | ||||||||
| At 1.1.22 | 320,768 | 272,370 | 58,907 | 25,164 | 677,209 | |||
| Charge for the Year | 17,576 | 911 | 3,578 | 275 | 22,340 | |||
| On Disposals | ||||||||
| At 31.12.22 | 338,344 | 273,281 | 62,485 | 25,439 | 699,549 | |||
| NET BOOK | VALUE | |||||||
| At 31.12.22 | 1,228,993 | 8,140 | 7,881 | 635 | 1,245,649 | |||
| At 31.12.21 | 1,246,569 | 9,051 | 11,459 | 910 | 1,267,989 |
| Investment property |
Total |
|---|---|
| At Valuation: | |
| As at 1st January 2022 | 550,000 |
| Revaluation | (50,000) |
| Transfer to Current assets | ~500,000 |
| Market Value as at 31stDecember 2022 | |
| Market Value as at 31stDecember 2021 | 500,000 |
| DEBTORS | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| 6 | 6 | ||||
| Trade Debtors | 3,361 | 2,147 | |||
| Other Debtors | 1,523 | ||||
| Prepayments | and Accrued | Income | 2,423 | 4,157 | |
| 5,784 | 7,827 | ||||
| CREDITORS: | Amounts | Falling Due Within One Year | |||
| Bank loan | 10,000 | 10,000 | |||
| Trade Creditors | 4,295 | 5,538 | |||
| Accruals and | Deferred | Income | 14,416 | 65,348 | |
| Taxation and Social Security |
6,763 | 6,090 | |||
| Other Creditors | 3,532 | 14,684 | |||
| 39,006 | 101,660 |
| The bank loan | is repayable | by instalments | within | 5years |
|---|---|---|---|---|
| MOVEMENT | IN FUNDS |
| 16 | ANALYSIS OF NET | ASSETS BETWEE | N FU | NDS | NDS | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | ||||||
| Funds | Funds | Total | |||||
| Fund Balances as at 31st December 2022 | |||||||
| are represented by: |
|||||||
| Tangible Fixed Assets |
1,245,649 | 1,245,649 | |||||
| Net Current Assets | 328,083 | 5,909 | (333,992) | ||||
| Creditors amount falling due after more |
|||||||
| than one year | 28,333) | 28,333 | |||||
| 1,545,399 | 5,909 | 1,551,308 | |||||
| Fund Balances as at 31stDecember 2021 | |||||||
| are represented by: |
|||||||
| Tangible Fixed Assets |
1,267,989 | 1,267,989 | |||||
| Net Current Assets | 425, | 857 | 7,909 | (433,766) | |||
| Creditors amount falling due after more |
|||||||
| than one year | 38,333 | 38,333 | |||||
| 1,655,513 | 7,909 | 1,663,422 | |||||
| 17 | RELATED PARTIES | ||||||
| There are no related | party transactions | that | require disclosure. | ||||
| 18 | COMMITMENTS | ||||||
| As at 31st December | 2022 the company | had | commitments | under | non-cancellable | operating | |
| leases: | |||||||
| 2022 | 2021 | ||||||
| Plant and machinery | 6 | F | |||||
| Payable within one year |
723 | 1,085 | |||||
| Payable from one to five years | 723 | ||||||
| 723 | 1,808 |