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|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|
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|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|
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|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)|
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|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|
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|(|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.|||
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|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|
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|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|
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|---|---|---|---|---|---|
|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||||
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|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|
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|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|
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|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|
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|The bank loan|is repayable|by instalments|within|5years|
|---|---|---|---|---|
|MOVEMENT|IN FUNDS||||
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|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|