for the Period Ended 31 December 2020
Company Information - 3 | |
Report of the Directors - 4 | |
Income and Expenditure Account - 5 | |
Balance sheet - 6 | |
Additional notes - 8 | |
Balance sheet notes - 11 |
for the Period Ended 31 December 2020
Director: |
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Secretary: |
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Registered office: |
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Company Registration Number: |
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The directors present their report with the financial statements of the company for the period ended 31 December 2020
Principal Activities
Political and charitable donations
Directors
The directors shown below have held office during the whole of the period from 01 January 2020 to 31 December 2020
The director(s) shown below were appointed to the company during the period
Secretary
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
Name:
Status: Director
Name:
Status: Director
Name:
Status: Director
for the Period Ended 31 December 2020
Notes |
2020 £ |
2019 £ |
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Gross surplus or (deficit) |
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Income from coronavirus (COVID-19) business support grants | 1,983 | 0 | |
Administrative Expenses |
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Operating surplus or (deficit) |
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Interest Receivable and Similar Income |
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Interest Payable and Similar Charges |
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Surplus or (deficit) before tax |
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Tax on surplus |
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(
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Surplus or (deficit) for the period |
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The notes form part of these financial statements
As at
Notes |
2020 £ |
2019 £ |
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Fixed assets | |||
Tangible assets: | 4 |
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Total fixed assets: |
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Current assets | |||
Stocks: |
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Debtors: |
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Cash at bank and in hand: |
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Total current assets: |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year: |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: |
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Accruals and deferred income: |
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Total net assets (liabilities): |
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The notes form part of these financial statements
As at 31 December 2020
Notes |
2020 £ |
2019 £ |
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Reserves | |||
Income and expenditure account |
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Members funds |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
Name:
Status: Director
Name:
Status: Director
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2020
Basis of measurement and preparation
Turnover policy
Subscription income is allocated to the financial period to which it relates and the same treatment is applied to coarse fishing tickets and Aldbar guest ticket income. Officers, supervisors and bailiffs are provided with free membership. The income forgone is recognised as both income and expenditure in the accounts. The notional cost of the fee membership is shown as concessionary expenditure in the accounts.
Tangible fixed assets depreciation policy
Infrastructure tangible fixed assets are recorded at historical cost and amortised over their expected useful life. Further ground works have been carried out in 2020 at Wilne and Sutton Lake and these add to the spending on the Tiln Track. All this work is deemed to have a useful life of 10 years but will subject to an annual review.
New additions to tangible costs will be recognised according to normal accounting standards. Improvements to those sites that we own will be included at cost. Work carried out at fisheries with short leases are charged to revenue as incurred. Equipment will be capitalised at cost and depreciated over 4 years.
for the Period Ended 31 December 2020
2020 |
2019 |
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Average number of employees during the period |
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Officers, members and some non-members holding posts with the Club including supervisors and bailiffs receive free membership and are paid expenses for the duties they provide for the Club. No pensions are payable nor do employment obligations arise. No liabilities, other than accrued liabilities for pay, are included in the accounts.
for the Period Ended 31 December 2020
for the Period Ended 31 December 2020
Total | |
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Cost | £ |
At 01 January 2020 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 December 2020 |
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Depreciation | |
At 01 January 2020 |
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Charge for year |
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On disposals |
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Other adjustments |
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At 31 December 2020 |
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Net book value | |
At 31 December 2020 |
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At 31 December 2019 |
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for the Period Ended 31 December 2020
for the Period Ended 31 December 2020
In previous years entrance fees including September deal income has taken as income upon receipt. The Directors decided that approach was not fully appropriate as these income sources had historically been highly variable and that an improved accounting policy should be adopted.
Consequently, these income sources will now be spread equally over three years being the year of receipt and the two following years. In 2020 the accumulated amount of the impact of the change (£28555) has been transferred into a new deferred income provision.
By making this adjustment the Directors will have smoothed the recognition of this form of income and members joining the Club can be assured that the first year of subscription is set aside for improvements to fisheries over both in the year of admission and the next two years.
for the Period Ended 31 December 2020
Name of related party: |
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Description of relationship: | |
Any that fall into the definition that applies to a related party in accordance to company law and accounting standards. | |
Description of the transaction: | |
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Balance at 01 January 2020 |
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Balance at 31 December 2020 |
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