LABURNUM BOAT CLUB
REPORTING ACCOUNTANTS REPORT FOR THE YEAR ENDED 31ST MARCH 2022
The company has taken advantage of preparing unaudited accounts for the year ended 31st March 2022 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 2022, 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 29th September 2022.
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LABURNUM BOAT CLUB
| STATEMENTS OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022 2022 2021 Restricted Unrestricted Restricted Unrestricted Funds Funds Funds Funds £ £ £ £ INCOMING RESOURCES Grants 255,746 210,214 Donations 8,336 5,764 Bank Interest 20 83 Other 50,242 23,353 TOTAL INCOMING RESOURCES 255,746 58,598 210,214 29,200 RESOURCES EXPENDED Direct Charitable Expenses 252,215 166,376 Fund Raising/Publicity Management/Administration 27,000 45,762 25,000 28,998 TOTAL RESOURCES EXPENDED 279,215 45,762 191,376 28,998 NET INCOMING RESOURCES -23,469 12,836 18,838 202 Fund Balance 1.4.2021 -37,720 189,316 -56,558 189,114 Fund Balance 31.3.2022 -61,189 202,152 -37,720 189,316 |
STATEMENTS OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022 2022 2021 Restricted Unrestricted Restricted Unrestricted Funds Funds Funds Funds £ £ £ £ INCOMING RESOURCES Grants 255,746 210,214 Donations 8,336 5,764 Bank Interest 20 83 Other 50,242 23,353 TOTAL INCOMING RESOURCES 255,746 58,598 210,214 29,200 RESOURCES EXPENDED Direct Charitable Expenses 252,215 166,376 Fund Raising/Publicity Management/Administration 27,000 45,762 25,000 28,998 TOTAL RESOURCES EXPENDED 279,215 45,762 191,376 28,998 NET INCOMING RESOURCES -23,469 12,836 18,838 202 Fund Balance 1.4.2021 -37,720 189,316 -56,558 189,114 Fund Balance 31.3.2022 -61,189 202,152 -37,720 189,316 |
STATEMENTS OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022 2022 2021 Restricted Unrestricted Restricted Unrestricted Funds Funds Funds Funds £ £ £ £ INCOMING RESOURCES Grants 255,746 210,214 Donations 8,336 5,764 Bank Interest 20 83 Other 50,242 23,353 TOTAL INCOMING RESOURCES 255,746 58,598 210,214 29,200 RESOURCES EXPENDED Direct Charitable Expenses 252,215 166,376 Fund Raising/Publicity Management/Administration 27,000 45,762 25,000 28,998 TOTAL RESOURCES EXPENDED 279,215 45,762 191,376 28,998 NET INCOMING RESOURCES -23,469 12,836 18,838 202 Fund Balance 1.4.2021 -37,720 189,316 -56,558 189,114 Fund Balance 31.3.2022 -61,189 202,152 -37,720 189,316 |
|---|---|---|
| INCOMING RESOURCES Grants Donations Bank Interest Other TOTAL INCOMING RESOURCES RESOURCES EXPENDED Direct Charitable Expenses Fund Raising/Publicity Management/Administration TOTAL RESOURCES EXPENDED NET INCOMING RESOURCES Fund Balance 1.4.2021 Fund Balance 31.3.2022 |
2022 Restricted Unrestricted Funds Funds £ £ 255,746 8,336 20 50,242 255,746 58,598 252,215 27,000 45,762 279,215 45,762 -23,469 12,836 -37,720 189,316 -61,189 202,152 |
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LABURNUM BOAT CLUB
| BALANCE SHEET 2022 £ FIXED ASSETS CURRENT ASSETS Prepayments 768 Debtors 3,765 Cash at Bank 226,359 Cash in Hand 1,050 231,942 CURRENT LIABILITIES Creditors 5,563 Restricted Grants 79,691 Restricted Income 6,000 91,254 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES Financed by:- Restricted Funds Unrestricted Funds |
275 140,688 |
31ST MARCH 2022 2021 £ 1,361 425 0 183,302 167 183,894 5,803 26,956 900 33,659 150,235 151,596 -37,720 189,316 151,596 |
|---|---|---|
| 140,963 | ||
| -61,189 202,152 |
||
| 140,963 |
For the year ended 31st March 2022 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 29th September 2022. and signed on their behalf by:
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LABURNUM BOAT CLUB
| SCHEDULE OF INCOME 2022 Restricted Funds £ LBH-Connecting Young Hackney 65,000 LBH- Kings Park Moving Together 1,850 LBH-Short Breaks 2,792 LCF-GVC-Ladbrokes 2,089 Right to Thrive Innovation Fund 3,535 UBS Community Affairs 35,045 Clarion Housing (Family Club) 5,000 HAF Programme 6,500 NLCF Reaching Communities 0 Port Of London Authority 875 Societe Generale UK Fund 9,950 TFL-Cycling for all 2,497 Awards for All 0 CVC/London Youth 3,975 Henry Smith Trust 0 Welcome Foundation 0 City Bridge 0 Hackney Learning Trust ACL 0 Co-Op Local Community Fund 0 Peoples health Trust 0 East End Community Foundation (YWTP 0 Julia and Hans Rausing Trust 22,719 GLA- Family Fund 0 Sport England (Return to play) 0 Power to Change Renewal Fund 11,500 Allen and Overy Foundation 1,208 London Youth-Active Talent 6,264 London Youth-/CVC-Summer 0 Yes Foundation Charity-Cairn Capital 13,500 Garfield Weston 15,000 BBC-Children In Need 21,050 Jack Petchey-Giving something back 0 Jack Petchey Award 3,850 Jack Petchey (Internship) 19,099 EFS-Equipment 2,448 Other Income Schools Income Narrow Boat Bookings Subscriptions Donations Bank Deposit Interest 255,746 |
2022 | FOR THE YEAR ENDED 31ST MARCH 2021 2021 INCOME Unrestricted Restricted Unrestricted REFERENCE Funds Funds Funds £ £ £ 65,000 1 0 12 3,000 9 0 22 0 26 0 2 0 10 0 17,500 0 21 8,915 7 3,981 17 3,308 0 11 6,650 2,000 19,000 3,006 2,749 893 1,208 0 5 8,463 12,958 0 6 0 18 0 20 7,502 0 13 5,000 8 13,819 3 12,222 3,250 16 0 4 9,790 23 2,280 563 27,075 17,640 6,400 3,017 14,487 2,133 8,336 5,764 20 83 58,598 210,214 29,200 |
FOR THE YEAR ENDED 31ST MARCH 2021 2021 INCOME Unrestricted Restricted Unrestricted REFERENCE Funds Funds Funds £ £ £ 65,000 1 0 12 3,000 9 0 22 0 26 0 2 0 10 0 17,500 0 21 8,915 7 3,981 17 3,308 0 11 6,650 2,000 19,000 3,006 2,749 893 1,208 0 5 8,463 12,958 0 6 0 18 0 20 7,502 0 13 5,000 8 13,819 3 12,222 3,250 16 0 4 9,790 23 2,280 563 27,075 17,640 6,400 3,017 14,487 2,133 8,336 5,764 20 83 58,598 210,214 29,200 |
FOR THE YEAR ENDED 31ST MARCH 2021 2021 INCOME Unrestricted Restricted Unrestricted REFERENCE Funds Funds Funds £ £ £ 65,000 1 0 12 3,000 9 0 22 0 26 0 2 0 10 0 17,500 0 21 8,915 7 3,981 17 3,308 0 11 6,650 2,000 19,000 3,006 2,749 893 1,208 0 5 8,463 12,958 0 6 0 18 0 20 7,502 0 13 5,000 8 13,819 3 12,222 3,250 16 0 4 9,790 23 2,280 563 27,075 17,640 6,400 3,017 14,487 2,133 8,336 5,764 20 83 58,598 210,214 29,200 |
|---|---|---|---|---|
| Unrestricted | 2021 Restricted Funds £ 65,000 0 3,000 0 0 0 0 0 17,500 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 0 5,000 13,819 12,222 3,250 0 9,790 210,214 |
2021 | ||
| Funds £ 2,280 27,075 6,400 14,487 8,336 20 58,598 |
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| LABURNUM BOAT CLUB | LABURNUM BOAT CLUB | LABURNUM BOAT CLUB | LABURNUM BOAT CLUB | LABURNUM BOAT CLUB | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| INCOME AND EXPENDITURE ACCOUNT |
FOR | THE YEAR ENDED 31ST MARCH | 2022 | |||||||
| 2022 | 2021 | |||||||||
| Restricted | Unrestricted | Restricted | Unrestricted | |||||||
| Funds | Funds | Funds | Funds | |||||||
| £ | £ | £ | £ | |||||||
| INCOME | ||||||||||
| As per attached Schedule | 255,746 | 58,598 | 210,214 | 29,200 | ||||||
| Less: EXPENDITURE | ||||||||||
| Salaries/National Insurance | 221,394 | 16,000 | 207,410 | 16,000 | ||||||
| Pension Contributions | 5,678 | 6,503 | ||||||||
| Staff Costs | 185 | 0 | ||||||||
| Fees | 4,876 | 2,004 | ||||||||
| Printing/Postage/Stationery | 1,269 | 1,229 | ||||||||
| Telephone/Internet | 1,143 | 1,219 | ||||||||
| Transport Costs | 3,497 | 2,628 | ||||||||
| Boat Licences/Moorings | 2,160 | 2,411 | ||||||||
| Rates and Water Rates | 811 | 1,513 | ||||||||
| Insurance | 3,551 | 3,678 | ||||||||
| Repairs/Renewals | ||||||||||
| Buildings/Equipment | 15,694 | 16,640 | ||||||||
| Boats-Repairs/Renewals/Costs | 18,954 | 5,939 | ||||||||
| Architect and Surveyors Fees | 0 | |||||||||
| Activity Expenses | 13,632 | 3,482 | ||||||||
| Heat/Light/Power | 3,638 | 2,180 | ||||||||
| Accountancy | 1,200 | 1,100 | ||||||||
| Subscriptions | 549 | 205 | ||||||||
| Bank Charges | 474 | 256 | ||||||||
| T-Shirts | 259 | 321 | ||||||||
| Training Courses | 1,995 | 946 | ||||||||
| Book-Keeping | 562 | 551 | ||||||||
| Sundries | 84 | 274 | ||||||||
| Cleaning | 6,373 | 4,736 | ||||||||
| Computer Expenses | 1,307 | 552 | ||||||||
| Advertising | 649 | 0 | ||||||||
| Depreciation~ | ||||||||||
| Boats | 0 | 225 | ||||||||
| Computer Equipment and Office Equipment | 18 | 22 | ||||||||
| Equipment | 42 | 288 | ||||||||
| Loss/Adjustment on boats | 1,026 | |||||||||
| Equipment, general | 18,352 | 2,047 | ||||||||
| Equipment, Camera | ||||||||||
| Equipment, office | 349 | 0 | ||||||||
| Less: Job Retention Scheme |
-19,344 | -1,400 | -51,185 | -12,800 | ||||||
| TOTAL EXPENDITURE | 279,215 | 45,762 | 191,376 | 28,998 | ||||||
| EXCESS OF INCOME | -23,469 | 12,836 | 18,838 | 202 | ||||||
| OVER EXPENDITURE |
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LABURNUM BOAT CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2022
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:-
| Boats £ Cost at 1.4.2020 42,675 Less: Disposals 8,000 34,675 Depreciation at 1.4.2020 41,649 Less: Depreciation on Disposal 5,948 35,701 Less: Disposal adjustment 1,026 34,675 ADD: Charge for year 0 34,675 at 1.4.2021 1,026 at 31.3.2022 0 3. Debtors Grants £3,765 |
Boats £ Cost at 1.4.2020 42,675 Less: Disposals 8,000 34,675 Depreciation at 1.4.2020 41,649 Less: Depreciation on Disposal 5,948 35,701 Less: Disposal adjustment 1,026 34,675 ADD: Charge for year 0 34,675 at 1.4.2021 1,026 at 31.3.2022 0 3. Debtors Grants £3,765 |
Computer Equipment £ 2,607 0 2,607 2,508 0 2,508 0 2,508 18 2,526 99 81 |
Computer Equipment £ 2,607 0 2,607 2,508 0 2,508 0 2,508 18 2,526 99 81 |
Equipment £ 7,180 0 7,180 6,944 0 6,944 0 6,944 42 6,986 236 194 |
Equipment £ 7,180 0 7,180 6,944 0 6,944 0 6,944 42 6,986 236 194 |
TOTAL £ 52,462 8,000 44,462 51,101 5,948 45,153 1,026 44,127 60 44,187 1,361 275 |
TOTAL £ 52,462 8,000 44,462 51,101 5,948 45,153 1,026 44,127 60 44,187 1,361 275 |
|---|---|---|---|---|---|---|---|
| 41,649 5,948 35,701 1,026 34,675 0 34,675 1,026 0 £3,765 |
2,508 0 2,508 0 2,508 18 2,526 99 81 |
6,944 0 6,944 0 6,944 42 6,986 236 194 |
51,101 5,948 45,153 1,026 44,127 60 44,187 1,361 275 |
4. Creditors Amounts falling due within one year:
| £ | ||
|---|---|---|
| Accountancy | £1,200 | |
| Credit Card | £670 | |
| Other | £1,622 | |
| PAYE | £2,071 | |
| £5,563 |
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