THE LABURNUM BOAT CLUB 2360592
REPORTING ACCOUNTANTS REPORT FOR THE YEAR ENDED 31ST MARCH 2021
The company has taken advantage of preparing unaudited accounts for the year ended 31st March 2021 in accordance with the Companies Act 2006.
RESPECTIVE RESPONSIBILITIES OF DIRECTORS AND REPORTING ACCOUNTANTS.
The company's directors are responsible for the preparation of financial statements.
Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and the profit and loss of the company for that period. In preparing these financial statements the directors are required to:
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~ select suitable accounting policies and then apply them consistently:
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~ make judgements and estimates that are reasonable and prudent:
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~ prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the company will continue in operation.
The directors are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the company, to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
BASIS OF OPINION
We planned and performed our review of the books of account so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion, we also evaluated the overall adequacy of the presentation of information in the financial statements.
OPINION
In our opinion the financial statements give a true and fair view of the state of the company's affairs as at 31st March 2021, and of its profit for the year then ended, and have been properly prepared in accordance with the provisions of the Companies Act 2006 applicable to small companies.
ROSIE LACEY
Reporting Accountants 72 Clarence Road London N22 8PW
Dated 28th October 2021.
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THE LABURNUM BOAT CLUB 2360592 2360592
STATEMENTS OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021
2021 2020
| INCOMING RESOURCES Grants Donations Bank Interest Other TOTAL INCOMING RESOURCES RESOURCES EXPENDED TOTAL RESOURCES EXPENDED NET INCOMING RESOURCES Fund Balance 1.4.2020 Fund Balance 31.3.2021 Direct Charitable Expenses Fund Raising/Publicity Management/Administration |
Restricted Unrestricted Funds Funds £ £ 210,214 5,764 83 23,353 166,376 210,214 29,200 25,000 28,998 191,376 28,998 18,838 202 -56,558 189,114 -37,720 189,316 |
Restricted Unrestricted Funds Funds £ £ 315,679 11,366 332 40,594 291,867 315,679 52,292 27,000 46,729 318,867 46,729 -3,188 5,563 -53,370 183,551 -56,558 189,114 |
|---|---|---|
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| CURRENT ASSETS Prepayments Cash at Bank Cash in Hand 425 183,302 167 183,894 Restricted Funds Unrestricted Funds LABURNUM BOAT CLUB BALANCE SHEET FIXED ASSETS CURRENT LIABILITIES Creditors Restricted Grants Restricted Income NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES Financed by:- 2021 £ 5,803 26,956 900 33,659 THE |
4,011 180,116 89 184,216 -37,720 189,316 -56,558 189,114 31ST MARCH 2021 151,596 132,556 151,596 132,556 2020 £ 1,361 1,660 7,968 37,802 7,550 53,320 150,235 130,896 2360592 |
|---|---|
| 151,596 |
|
| -37,720 189,316 |
|
| 151,596 |
For the year ended 31st March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476,
The directors acknowledge their responsibilities for complying with the requirements of the act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These accounts were approved by the Trustees on 10[th] November 2021 and signed on their behalf by:
Patrick Hammill - Chair 27/11/2021 ....................................................................... Kumar Kotecha - Treasurer 27/11/2021 ....................................................................... 3 of 6
THE LABURNUM BOAT CLUB 2360592
| Garfield Weston BBC-Children In Need Jack Petchey-Giving something back Jack Petchey Award EFS-Equipment Community Grant Other Income Schools Income Narrow Boat Bookings Subscriptions Donations Bank Deposit Interest SCHEDULE OF INCOME Big Lottery-YIF Fund LBH-Connecting Young Hackney Hackney YOF NLCF Reaching Communities LBH-Short Breaks-Main LBH-Short Breaks -Capital Fund Societe Generale UK Fund TFL-Cycling for all Awards for All Active Londoners Henry Smith Trust Welcome Foundation City Bridge Hackney Learning Trust ACL Co-Op Local Community Fund Peoples health Trust East End Community Foundation (YWT Canals in Hackney Users Group GLA- Family Fund Sport England (Return to play) Sport England (Climbing wall extension) Allen and Overy Trust London Youth-Art Grant London Youth-/CVC-Summer |
5,000 0 11 13,819 20,150 4 12,222 0 6 3,250 2,990 13 9,790 5 563 4,925 17,640 19,124 3,017 6,945 2,133 5,764 83 9,600 11,366 332 0 76,711 65,000 73,000 1 12 0 3,150 17,500 0 3 7 14 16 10 19 2 18 15 21 20 8 17 9 210,214 29,200 315,679 52,292 FOR THE YEAR ENDED 31ST MARCH 2021 2020 2020 REF: Restricted Unrestricted Restricted Unrestricted Funds Funds Funds Funds £ £ £ £ 3,000 0 5,797 5,099 8,915 3,981 3,308 0 6,650 2,000 19,000 3,006 2,749 893 1,208 0 8,463 12,958 0 0 0 7,502 7,829 2,483 5,788 4,375 27,100 0 0 7,374 0 8,039 0 15,000 11,845 0 30,000 2,500 2,377 4,072 |
5,000 0 11 13,819 20,150 4 12,222 0 6 3,250 2,990 13 9,790 5 563 4,925 17,640 19,124 3,017 6,945 2,133 5,764 83 9,600 11,366 332 0 76,711 65,000 73,000 1 12 0 3,150 17,500 0 3 7 14 16 10 19 2 18 15 21 20 8 17 9 210,214 29,200 315,679 52,292 FOR THE YEAR ENDED 31ST MARCH 2021 2020 2020 REF: Restricted Unrestricted Restricted Unrestricted Funds Funds Funds Funds £ £ £ £ 3,000 0 5,797 5,099 8,915 3,981 3,308 0 6,650 2,000 19,000 3,006 2,749 893 1,208 0 8,463 12,958 0 0 0 7,502 7,829 2,483 5,788 4,375 27,100 0 0 7,374 0 8,039 0 15,000 11,845 0 30,000 2,500 2,377 4,072 |
|---|---|---|
| 5,000 13,819 12,222 3,250 9,790 563 17,640 3,017 2,133 5,764 83 0 65,000 0 17,500 210,214 29,200 2020 Restricted Unrestricted Funds Funds £ £ 3,000 0 8,915 3,981 3,308 0 6,650 2,000 19,000 3,006 2,749 893 1,208 0 8,463 12,958 0 0 0 7,502 |
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| THE | LABURNUM BOAT CLUB | LABURNUM BOAT CLUB | LABURNUM BOAT CLUB | LABURNUM BOAT CLUB | LABURNUM BOAT CLUB | 2360592 |
2360592 |
2360592 |
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|---|---|---|---|---|---|---|---|---|---|---|
| INCOME AND EXPENDITURE ACCOUNT | FOR THE YEAR ENDED 31ST MARCH 2020 | |||||||||
| 2021 | 2020 | |||||||||
| Restricted | Unrestricted | Restricted |
Unrestricted | |||||||
| Funds | Funds | Funds | Funds | |||||||
| £ | £ | £ | £ | |||||||
| INCOME | ||||||||||
| As per attached Schedule | 210,214 | 29,200 | 315,679 |
52,292 |
||||||
| Less: EXPENDITURE | ||||||||||
| Salaries/National Insurance | 207,410 | 16,000 | 208,444 |
16,000 |
||||||
| Pension Contributions | 6,503 | 6,836 | ||||||||
| Fees | 2,004 | 408 | ||||||||
| Printing/Postage/Stationery | 1,229 | 994 | ||||||||
| Telephone/Internet | 1,219 | 1,240 | ||||||||
| Transport Costs | 2,628 | 3,847 | ||||||||
| Boat Licences/Moorings | 2,411 | 3,160 | ||||||||
| Rates and Water Rates | 1,513 | 969 | ||||||||
| Insurance | 3,678 | 3,490 | ||||||||
| Repairs/Renewals | ||||||||||
| Buildings/Equipment | 16,640 | 12,098 | ||||||||
| Boats-Repairs/Renewals/Costs | 5,939 | 23,993 | ||||||||
| Architect and Surveyors Fees | 0 | 3,282 | ||||||||
| Activity Expenses | 3,482 | 26,707 | ||||||||
| Heat/Light/Power | 2,180 | 5,413 | ||||||||
| Accountancy | 1,100 | 1,200 | ||||||||
| Subscriptions | 205 | 416 | ||||||||
| Bank Charges | 256 | 382 | ||||||||
| T-Shirts | 321 | 383 | ||||||||
| Training Courses | 946 | 2,008 | ||||||||
| Sundries | 274 | 371 | ||||||||
| Cleaning | 4,736 | 5,991 | ||||||||
| Computer Expenses | 1,103 | 534 | ||||||||
| Advertising and Brochures | 0 | 63 | ||||||||
| Depreciation~ | ||||||||||
| Boats | 225 | 275 | ||||||||
| Computer Equipment and Office | Equipment | 22 | 26 | |||||||
| Equipment | 288 | 63 | ||||||||
| Climbing Wall | 28,485 | |||||||||
| Equipment, general | 2,047 | 7,268 | ||||||||
| Equipment, Camera | 1,175 | |||||||||
| Equipment, office | 0 | 75 | ||||||||
| Less: Job Retention Scheme | -51,185 | -12,800 |
0 | |||||||
| TOTAL EXPENDITURE | 191,376 | 28,998 | 318,867 |
46,729 |
||||||
| EXCESS OF INCOME | 18,838 | 202 | -3,188 | 5,563 | ||||||
| OVER EXPENDITURE |
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THE LABURNUM BOAT CLUB 2360592
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
1. Accounting Policies
a. These financial statements have been prepared in accordance with applicable accounting standards and follow recommendations in the statement of recommended Practise Accounting for Charities.
b. Grants are recognised in the statement of financial activities when they become due, if from local authorities.
c. Other grants and donations, including those for the purpose of fixed assets, are recognised in the statement of financial activities when they are received, unless they relate to specific future period in which case they are included in creditors until the new period commences, at which time they are transferred to the statement of financial activities.
d. Restricted funds are to be used for specific purposes as prescribed by the donor. Expenditure that meets this criteria is charged in the relevant restricted fund.
e. Unrestricted funds are the balance of unexpended income received or generated for the objects of the charity without further specific purpose and are available as general funds.
f. Fixed assets in the form of furniture, equipment or motor vehicles are capitalised and depreciated as rates applicable to write off the cost of such assets over their estimated useful lives. All fixed assets have been depreciated at 18% on a sliding scale.
2. Fixed Assets
The cumulative cost and depreciation balances are as follows:-
| Depreciation at 1.4.2020 Charge for year at 1.4.2020 at 31.3.2021 Cost at 1.4.2020 3. Debtors Grants |
41,424 225 41,649 1,251 1,026 Boats £ 42,675 £0 |
41,424 225 41,649 1,251 1,026 Boats £ 42,675 £0 |
2,486 22 2,508 121 99 Computer Equipment £ 2,607 |
2,486 22 2,508 121 99 Computer Equipment £ 2,607 |
6,892 52 6,944 288 236 Equipment £ 7,180 |
6,892 52 6,944 288 236 Equipment £ 7,180 |
50,802 299 51,101 1,660 1,361 TOTAL £ 52,462 |
|---|---|---|---|---|---|---|---|
1,251 1,026 £0 |
121 99 |
288 236 |
£0
4. Creditors
Amounts falling due within one year:
| Accountancy Credit Card Other PAYE Pension Contributions |
£1,100 £79 £421 £3,628 £575 £5,803 |
|---|---|
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