TDLTC Accounts for the Year ended 30th April 2008

From Tennis

Contents 1 INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30th APRIL 2008 2 BALANCE SHEET AS AT 30th APRIL 2008 3 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30th APRIL 2008 3.1 1 ACCOUNTING POLICIES 3.1.1 1.1 Accounting Conventions 3.1.2 1.2 Income 3.1.3 1.3 Tangible Fixed Assets and Depreciation 3.1.4 1.4 Stocks 3.2 2 CLUB OPERATING INCOME AND EXPENDITURE 3.3 3 TAXATION 3.4 4 TANGIBLE FIXED ASSETS 3.5 5 DEBTORS 3.6 6 CREDITORS – Amounts falling due within one year 3.7 7 CREDITORS – Amounts falling due after more than one year 4 DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30th APRIL 2008 5 BAR ACCOUNT FOR THE YEAR ENDED 30th APRIL 2008

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30^th APRIL 2008

	Notes	2008 £	2007 £
CLUB OPERATING INCOME	2	52,972	51,658
TENNIS SECTION EXPENSES		(19,520)	(28,972)
		33,452	22,686
ADMINISTRATIVE EXPENSES	2	(12,399)	(15,088)
		21,053	7,598
OTHER INCOME/DEFICITS		(2,817)	(2,753)
Retained surplus for year before taxation		18,236	4,845
TAXATION	3	-	-
Retained surplus for year after taxation		18,236	4,845

BALANCE SHEET AS AT 30^th APRIL 2008

		2008			2007
	Notes	£	£	£	£
FIXED ASSETS
Tangible	4		191,973		192,836
CURRENT ASSETS
Stocks		100		400
Debtors and Prepayments	5	15,414		15,579
Bar Float		410		-
Cash in hand		1		1
Club Bank Accounts		32,103		24,872
Bar Bank Accounts		1,680		1,427
SUB-TOTAL		49,708		42,279
CREDITORS – Amounts falling
due within one year	6	1,960		5,630
NET CURRENT ASSETS			47,748		36,649
CREDITORS – Amounts falling
due after more than one year	7		(34,000)		(42,000)
NET ASSETS			205,720		187,484
REPRESENTED BY:
Accumulated Fund:
Balance brought forward			187,484		182,639
Surplus for year			18,236		4,845
			205,720		187,484

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30^th APRIL 2008

1 ACCOUNTING POLICIES

1.1 Accounting Conventions

The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective June 2002).

1.2 Income

Income is accounted for on an accruals basis.

1.3 Tangible Fixed Assets and Depreciation

The club’s freehold land has an infinite life, so it is not depreciated. Improvements to property are written off over 20 years.

1.4 Stocks

Stocks of bar items are valued at the lower of cost and net realisable value.

2 CLUB OPERATING INCOME AND EXPENDITURE

This includes:

	2008	2007
	£	£
Depreciation of owned assets	863	863
Audit Fee	0	117

3 TAXATION

Analysis of charge in year:

	2008	2007
	£	£
Current tax:
Audit Fee	-	-

4 TANGIBLE FIXED ASSETS

	Freehold Land £	Property Improvements £	Total £
COST
At 1st May 2007	179,175	17,260	196,435
Additions	-	-	-
At 30th April 2008	179,175	17,260	196,435
DEPRECIATION
At 1st May 2007	-	3,599	3,599
Charge for the year	-	863	863
At 30th April 2008	-	4,462	4,462
'NET BOOK VALUE – 30th 'April 2008	179,175	12,798	191,973
'NET BOOK VALUE – 30th 'April 2007	179,175	13,661	192,836

5 DEBTORS

	2008	2007
	£	£
Amounts falling due within one year:
Balance of lottery funds and LTA funds	11,373	11,373
Prepayments: LTA and Insurance	1,505	1,314
Wimbledon tickets	2,536	1,912
Debtors: Clubhouse hire	0	980
	15,414	15,579

6 CREDITORS – Amounts falling due within one year

	2008	2007
	£	£
Rent pre-paid	0	968
Accruals and deferred income	1,960	4,662
Taxation	0	0
	1,960	5,630

7 CREDITORS – Amounts falling due after more than one year

This comprises loans as follows:

	2008	2007
	£	£
Loans from members	6,000	6,000
Loan from LTA:
Due between 1 and 2 years	8,000	8,000
Due between 2 and 5 years	20,000	28,000
Due after 5 years	-	-
	34,000	42,000

DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30^th APRIL 2008

		2008			2007
		£	£	£	£
CLUB OPERATING INCOME:
Subscriptions			45,607		44,048
Visitors’ fees			69		128
Bank Interest			1,376		911
Advertising income			500		-
Match fees and Vets Final			44		263
Junior Tournament fees			475		500
Junior Saturday a.m. fees			-		242
Quiz Night & Raffle			199		70
Summer Party income			729		2,490
DecSoc income			-		201
Club hire by Jo Jingles			1,575		1,704
Club hire by TinyTalk			1,898		783
Hire by TV companies			400		-
Miscellaneous club hire			100		318
			52,972		51,658
TENNIS SECTION EXPENSES:
Ground maintenance		15,056		19,495
Court Cleaning & Services		-		3,049
Tennis balls		24		-
Junior Tournament & League		5		714
Summer Party costs		335		1,615
Miscellaneous catering		40		140
Affiliation fees		2,100		2,432
Professional coaching		1,960		1,527
			(19,520)		(28,972)
			33,452		22,686
GENERAL EXPENSES:
Rates and water		1,200		1,262
Light and heat		1,308		1,195
Insurance		2,411		2,359
Burglar & Fire Alarms		492		511
Clubhouse maintenance & cleaning		1,162		734
Telephone		192		203
TV licence		137		133
DecSoc costs		-		100
Repair renewal		1,266		644
Rubbish removal		-		958
Audit fees		-		118
Bank charges		41		37
Planning applications		225		170
Printing, post and stationery		187		166
Website		50		22
Advertising		1,782		736
Professional coach communications		744		-
Sundries		33		132
Refurbishment		-		2,783
Trophies		306		266
Other prizes and gifts		-		328
Depreciation		863		2,231
			(12,399)		(15,088)
OTHER INCOME:
Surplus (Deficit) from Bar			(2,817)		(3,567)
Break-in claim payment			-		814
Retained surplus for year			18,236		4,845

BAR ACCOUNT FOR THE YEAR ENDED 30^th APRIL 2008

	2008			2007
	£	£	£	£
Sales:
Bar sales		11,849		11,178
Purchases:
Beer, wines, spirits etc		9,569		8,966
Gross profit on sales		2,280		2,212
Less: Expenses
Wages	1,917		2,199
Retainer	3,000		3,000
Licence	180		180
Stock Provision	-		400
		5,097		5,779
Net Surplus for the year		(2,817)		(3,567)