14. CREDITORS AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Deferred grants (Note 15)
2021 £
315,696
2020 £
265,902
15. GRANTS
Balance at 1st April 2020 Grants received Grants released
Balance at 31st March 2021 Amounts falling due within one year Amounts falling due after more than one year
Capital £
105,297 -
(26,328) 78,969
26,328 52,641 78,969
Revenue £
251,962
7,209,482 (6,601,255) 860,189
597,134 263,055 860,189
Total £
357,259
7,209,482 (6,627,583) 939,158
623,462 315,696 939,158
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 £78,969 disclosed above as capital grant relates to the Performance Unit.
16. PROVISIONS FOR LIABILITIES Balance at 1st April 2020
Debited to Statement of Comprehensive Income Balance at 31st March 2021
Deferred taxation relates to accelerated capital allowances.
Deferred Taxation £
75,219 809
76,028
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
2021 £
201,828 372,814
4,480,097 5,054,739
1,274,815
2020 £
439,217 346,993
4,313,097 5,099,307
506,976
RYA ANNUAL REPORT AND ACCOUNTS 2021
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