Annual Report 12/13 - The English Table Tennis Association
Annual Report 12/13 - The English Table Tennis Association Annual Report 12/13 - The English Table Tennis Association
English Table Tennis Association Limited Notes to the Financial Statements For The Year Ended 31 March 2013 1. Accounting policies 1.1 Accounting convention The financial statements are prepared under the historical cost convention and the Financial Reporting Standard for Smaller Entities (effective April 2008). The directors have adopted a format for the income and expenditure account that is considered more suitable than the format laid down in the Companies Act 2006. 1.2 Limited liability status The company is limited by guarantee and is a non-profit making body. In the event that the company is wound up and funds are insufficient to pay creditors, members each guarantee to pay such amount as may be required not exceeding £10. 1.3 Turnover Turnover represents amounts receivable from members affiliation fees, goods and services net of VAT, grants receivable from Sport England (including Lottery Grants) and income associated with events and competitions and sundry other activities. 1.4 Grants received (see Note 13) The Sport England Core Funding Grant is shown in full as it is a contribution towards ETTA expenditure. Other Grants are matched against related expenditure as a surplus should not occur from these grants. The exception to this is where the English Table Tennis Association Limited makes a contribution to a specific programme and then the expenditure will exceed the income by the value of the contribution made. 1.5 Tangible fixed assets and depreciation Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: Fixtures and fittings, equipment, and vehicles 25% - straight line on cost 1.6 Leasing Any rentals payable under operating leases are charged against income on a straight line basis over the lease term. 1.7 Stock Stock is valued at the lower of cost and net realisable value. 1.8 Foreign currency transaction Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of transaction. All differences are taken to income and expenditure account. 1.9 Regions Ten regional committees operate around the country under the auspices of English Table Tennis Association Limited. All income and expenditure of Regions is included in the income and expenditure account. The net funds of Regions are included in the Balance Sheet. 2. Turnover The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the United Kingdom. 5
English Table Tennis Association Limited Notes to the Financial Statements For The Year Ended 31 March 2013 3. Operating surplus Operating surplus is stated after charging: Depreciation of tangible assets 56,353 58,144 Operating lease rentals 21,340 21,007 Auditors’ remuneration 3,800 3,700 Directors’ remuneration (honorarium) 6,000 5,700 2013 £ 2012 £ Statement of Accounts 4. Other interest receivable and similar income Bank interest: Core Funds 11,806 7,705 2013 £ 2012 £ : BTTF Performance Programme 48 109 : BTTAD Performance Programme 137 111 11,991 7,925 5. Taxation U.K. taxation U.K. corporation tax at current rates: Core Funds 2,361 1,541 2013 £ 2012 £ : BTTF Performance Programme 10 22 : BTTAD Performance Programme 27 22 2,398 1,585 Due to the company’s non-profit making status, corporation tax is only chargeable on investment income received. 6
- Page 9 and 10: Committee Chairmen Operations Vice-
- Page 11 and 12: Income Sport England Core Funding -
- Page 13 and 14: Team GB Annual Snapshot September T
- Page 15 and 16: Les D’Arcy March March began with
- Page 17 and 18: met on two occasions, both times fo
- Page 19 and 20: Departmental Reports • Ronnie Bak
- Page 21 and 22: the Association and the trade. 2.2.
- Page 23 and 24: Karl Jindrak (Austria) was the appo
- Page 25 and 26: Departmental Reports Keith Ponting
- Page 27 and 28: the weekend, and Malcolm Macfarlane
- Page 29 and 30: Austria, Belgium, the Czech Republi
- Page 31 and 32: Figure 2 the prestigious top level.
- Page 33 and 34: and table tennis, engaging with the
- Page 35 and 36: the sale of their existing freehold
- Page 37 and 38: Departmental Reports from speaking
- Page 39 and 40: Manager and Head of Workforce Devel
- Page 41 and 42: gold medal boys’ team, gold medal
- Page 43 and 44: Departmental Reports 6.19.13 The Re
- Page 45 and 46: Figure 5 UKCC Course Complete In Pr
- Page 47 and 48: International Matters 7.2.5 The 201
- Page 49 and 50: Awards & Thanks PremierClub Awards
- Page 51 and 52: French Junior & Cadet Open Metz - M
- Page 53 and 54: Results Women’s British League Pr
- Page 55 and 56: Statement of Accounts 53
- Page 57 and 58: English Table Tennis Association Li
- Page 59: English Table Tennis Association Li
- Page 63 and 64: English Table Tennis Association Li
- Page 65 and 66: English Table Tennis Association Li
- Page 67 and 68: English Table Tennis Association Li
- Page 69 and 70: English Table Tennis Association Li
- Page 71 and 72: APS BL BME BOA BTTAD BTTF BUCS C4L
<strong>English</strong> <strong>Table</strong> <strong>Tennis</strong> <strong>Association</strong> Limited<br />
Notes to the Financial Statements<br />
For <strong>The</strong> Year Ended 31 March 20<strong>13</strong><br />
3. Operating surplus<br />
Operating surplus is stated after charging:<br />
Depreciation of tangible assets 56,353 58,144<br />
Operating lease rentals 21,340 21,007<br />
Auditors’ remuneration 3,800 3,700<br />
Directors’ remuneration (honorarium) 6,000 5,700<br />
20<strong>13</strong><br />
£<br />
20<strong>12</strong><br />
£<br />
Statement of Accounts<br />
4. Other interest receivable and similar income<br />
Bank interest: Core Funds 11,806 7,705<br />
20<strong>13</strong><br />
£<br />
20<strong>12</strong><br />
£<br />
: BTTF Performance Programme 48 109<br />
: BTTAD Performance Programme <strong>13</strong>7 111<br />
11,991 7,925<br />
5. Taxation<br />
U.K. taxation<br />
U.K. corporation tax at current rates: Core Funds 2,361 1,541<br />
20<strong>13</strong><br />
£<br />
20<strong>12</strong><br />
£<br />
: BTTF Performance Programme 10 22<br />
: BTTAD Performance Programme 27 22<br />
2,398 1,585<br />
Due to the company’s non-profit making status, corporation tax is only chargeable on investment income received.<br />
6
Change language