Chess Scotland | ||||||||||||||||
Income and Expenditure for the Year ending 30 April 2002 | ||||||||||||||||
2000/01 | 2001/02 | |||||||||||||||
£ | INCOME | £ | £ | £ | ||||||||||||
Affiliations: | ||||||||||||||||
Associations and Leagues | 2,645.20 | |||||||||||||||
Clubs: | Senior | 1,130.00 | ||||||||||||||
Junior | 565.00 | |||||||||||||||
3,853 | 4,340.20 | |||||||||||||||
3,829 | Membership Subscriptions | 3,335.50 | ||||||||||||||
3,564 | Grading Fees | 3,886.58 | ||||||||||||||
5,734 | Publications | 5,261.17 | ||||||||||||||
Tournaments: | Senior | 1113.50 | ||||||||||||||
Junior | 4187.00 | |||||||||||||||
884 | 5,300.50 | |||||||||||||||
557 | Insurance Scheme | 696.23 | ||||||||||||||
8,858 | Grants | 9,124.00 | ||||||||||||||
362 | 100 Club Proceeds | 306.50 | ||||||||||||||
293 | National League (Season 2001) | 217.64 | ||||||||||||||
0 | Equipment/Stationery Sales | 566.00 | ||||||||||||||
54 | Equipment Hire | 0.00 | ||||||||||||||
200 | Sponsorship | 1,000.00 | ||||||||||||||
271 | Donations | 726.91 | ||||||||||||||
251 | Interest | 274.86 | ||||||||||||||
0 | Life Fund Deficit | 374.45 | ||||||||||||||
0 | General Fund Deficit | 1,065.75 | ||||||||||||||
28,710 | 36,476.29 | |||||||||||||||
EXPENDITURE | ||||||||||||||||
International: | ||||||||||||||||
Tournaments | 20,346.89 | |||||||||||||||
Less: Contributions | 11,460.97 | |||||||||||||||
8,885.92 | ||||||||||||||||
Plus: FIDE Fees | 1,363.53 | |||||||||||||||
7,261 | 10,249.45 | |||||||||||||||
Tournaments: | Senior | 865.63 | ||||||||||||||
Junior | 4164.01 | |||||||||||||||
877 | 5,029.64 | |||||||||||||||
7,213 | Publications | 7,248.16 | ||||||||||||||
886 | Insurance Policies | 1,139.82 | ||||||||||||||
200 | Grand Prix | 1,214.74 | ||||||||||||||
155 | SJCA Trust | 300.00 | ||||||||||||||
41 | Depreciation | 41.20 | ||||||||||||||
Administration: | ||||||||||||||||
4,704 | Membership Services | 5,310.57 | ||||||||||||||
2,660 | Information Services | 3,140.75 | ||||||||||||||
676 | General Services | 2,277.50 | ||||||||||||||
1,305 | Correspondence | 500.00 | ||||||||||||||
36 | Reserve Fund Surplus | 24.46 | ||||||||||||||
22 | Life Fund Surplus | - | ||||||||||||||
2674 | General Fund Surplus | - | ||||||||||||||
28,710 | 36,476.29 | |||||||||||||||
Chess Scotland | ||||||||||||||||
Balance Sheet as at 30 April 2002 | ||||||||||||||||
Accumulated Fund | Note | £ | £ | £ | ||||||||||||
SCA Balance as at 30 April 2001 | 1 | 12,867.82 | ||||||||||||||
SJCA Balance as at 31 March 2001 | 5,780.09 | |||||||||||||||
£ 18,647.91 | ||||||||||||||||
Less: | Deficit for year | £ 1,415.74 | ||||||||||||||
£ 17,232.17 | ||||||||||||||||
Represented by | ||||||||||||||||
Fixed Assets | 2,3 | 41.19 | ||||||||||||||
Current Assets | ||||||||||||||||
Debtors | 496.00 | |||||||||||||||
Deposit Accounts | 14,526.13 | |||||||||||||||
Current Accounts | 6,935.52 | |||||||||||||||
21,957.65 | ||||||||||||||||
Less | ||||||||||||||||
Current Liabilities | ||||||||||||||||
Creditors | (2,217.00) | |||||||||||||||
Held on Deposit | 4 | (1,849.67) | ||||||||||||||
Bequests | (700.00) | |||||||||||||||
(4,766.67) | ||||||||||||||||
Net Current Assets | 17,190.98 | |||||||||||||||
17,232.17 | ||||||||||||||||
Notes to the Balance Sheet | ||||||||||||||||
2001 | Surplus/Loss | 2002 | ||||||||||||||
Balance | for the Year | Transfer | Balance | |||||||||||||
1. Accumulated Fund | £ | £ | £ | £ | ||||||||||||
Life Membership Account | 4,549.44 | (374.45) | 4,174.99 | |||||||||||||
Reserve Account | 1,691.78 | 24.46 | 1,716.24 | |||||||||||||
General Account | 6,626.60 | (1,065.75) | 5,780.09 | 11,340.94 | ||||||||||||
SJCA Account | 5,780.09 | - | (5,780.09) | - | ||||||||||||
18,647.91 | (1,415.74) | - | 17,232.17 | |||||||||||||
2. Fixed Assets | ||||||||||||||||
Net Book Value at 30 April 2001 | 82.39 | |||||||||||||||
Depreciation | 41.20 | |||||||||||||||
Net Book Value at 30 April 2002 | 41.19 | |||||||||||||||
3. Depreciation | ||||||||||||||||
Fixed assets are depreciated at the rate of 20 % per annum | ||||||||||||||||
4. Amounts held on Deposit | ||||||||||||||||
West of Scotland | 770.07 | |||||||||||||||
East of Scotland | 32.10 | |||||||||||||||
McDonald Award Fund | 910.00 | |||||||||||||||
Allotted Funds | 137.50 | |||||||||||||||
1,849.67 | ||||||||||||||||
L R McKenzie | ||||||||||||||||
Finance Director | ||||||||||||||||
Chess Scotland | ||||||||||||||||
SCOTTISH CONGRESS 2001 - ABERDEEN | ||||||||||||||||
2000 | 2001 | |||||||||||||||
£ | INCOME | £ | ||||||||||||||
4,638 | Entry Fees | 3,555.00 | ||||||||||||||
166 | Donations | 312.00 | ||||||||||||||
3,835 | Sponsorship | 3,860.00 | ||||||||||||||
2 | Interest | 28.02 | ||||||||||||||
8 | Deficit | - | ||||||||||||||
8,649 | 7,755.02 | |||||||||||||||
EXPENDITURE | ||||||||||||||||
4,095 | Congress Prizes | 3,049.98 | ||||||||||||||
Services: | ||||||||||||||||
Organisation | 3,100.00 | |||||||||||||||
Printing costs | 700.00 | |||||||||||||||
Grading Fees | 380.76 | |||||||||||||||
Administration | 97.61 | |||||||||||||||
Miscellaneous | 150.67 | |||||||||||||||
4,554 | 4,429.04 | |||||||||||||||
Surplus | 276.00 | |||||||||||||||
8,649 | 7,755.02 | |||||||||||||||
Balance Sheet as at 30 April 2002 | ||||||||||||||||
Accumulated Fund: | ||||||||||||||||
Balance as at 30 April 2001 | 1,269.84 | |||||||||||||||
Plus: Congress Surplus | 276.00 | |||||||||||||||
1,545.84 | ||||||||||||||||
Represented by | ||||||||||||||||
Current Assets | ||||||||||||||||
Bank: Current and Deposit Accounts | 1,545.84 | |||||||||||||||
LR McKenzie | ||||||||||||||||
Finance Director |
Auditors Report to the Members of Chess Scotland
For the Year Ended 30 April 2002
I have audited the Income and Expenditure Account and Balance Sheet of Chess Scotland, which has been prepared under the historical cost convention.
Council's responsibility for the financial statements:-
Council is required to arrange for the management board to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the organisation and of the surplus or deficit of the organisation for that period.
Respective responsibility of council and auditors
The organisation's council are responsible for the preparation of financial statements. It is my responsibility to form an independent opinion, based on my audit, on those statements and to report my opinion to you.
Basis of opinion
An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgements made by the council in the preparation of the financial statements.
Opinion
In my opinion the financial statements give a true and fair view of the organisations affairs at 30 April 2002 and of its deficit for the year then ended.
K.R. Oswald A.C.A.
Chartered Accountant
7 July 2002
Auditors Report to the Members of Chess Scotland
for Scottish Congress Fund - Glasgow -
for the Year Ended 30 April 2002
I have audited the Income and Expenditure Account and Balance Sheet of Chess
Scotland's Scottish Congress Fund, which has been prepared under the historical
cost convention.
Council's responsibility for the financial statements:-
Council is required to arrange for the management board to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Scottish Congress Fund and of the surplus or deficit of the Scottish Congress Fund for that period.
Respective responsibility of council and auditors
The association's council are responsible for the preparation of financial
statements.
It is my responsibility to form an independent opinion, based on my audit, on
those statements and to report my opinion to you.
Basis of opinion
An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgements made by the council in the preparation of the financial statements.
Opinion
In my opinion the financial statements give a true and fair view of the Scottish Congress Fund affairs at 30 April 2002 and of its surplus for the year then ended.
K.R. Oswald A.C.A.
Chartered Accountant
7 July 2002