14. CREDITORS AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR


Deferred grants (Note 15)


2020 £


265,902


2019 £


194,941


15. GRANTS


Balance at 1st April 2019 Grants received Grants released


Balance at 31st March 2020 Amounts falling due within one year Amounts falling due after more than one year


Capital £


131,625 -


(26,328) 105,297


26,328 78,969


105,297


Revenue £


123,922


7,801,592 (7,673,552) 251,962


65,029


186,933 251,962


Total £


255,547


7,801,592 (7,699,880) 357,259


91,357


265,902 357,259


Grants are released to the Statement of Comprehensive Income to match expenditure (including depreciation) incurred on the defined programmes.


The fit out of the elite Performance Unit in Portland Marina was funded by a capital grant from Sport England in 2009. Sport England has taken a legal charge on the 15-year lease to the effect that the grant may be repayable if the Association breaks the lease during this period. The full amount of £105,297 disclosed above as capital grant relates to the Performance Unit.


16. PROVISIONS FOR LIABILITIES Balance at 1st April 2019


Debited to Statement of Comprehensive Income Balance at 31st March 2020


Deferred taxation relates to accelerated capital allowances.


Deferred Taxation £


65,846 9,373


75,219


17. FINANCIAL INSTRUMENTS


Financial assets that are debt instruments measured at amortised cost: Trade debtors Other debtors


Cash at bank and in hand


Financial liabilities measured at amortised cost: Trade creditors


23 ANNUAL REPORT AND ACCOUNTS 2020


2020 £


439,217 346,993


4,313,097 5,099,307


506,976


2019 £


507,659 568,116


4,571,701 5,647,476


942,517


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