14. CREDITORS AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Deferred grants (Note 15)
2022 £
236,427
2021 £
315,696
15. GRANTS
Balance at 1st April 2021 Grants received Grants released
Balance at 31st March 2022 Amounts falling due within one year Amounts falling due after more than one year
Capital £
78,969 -
(26,325) 52,644
26,322 26,322 52,644
Revenue £
860,189
7,123,242 (7,077,605) 905,826
695,721 210,105 905,826
Total £
939,158
7,123,242 (7,103,930) 958,470
722,043 236,427 958,470
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 £52,644 disclosed above as capital grant relates to the Performance Unit.
16. PROVISIONS FOR LIABILITIES Balance at 1st April 2021
Debited to Statement of Comprehensive Income Balance at 31st March 2022
Deferred taxation relates to accelerated capital allowances.
Deferred Taxation £
76,028 24,710
100,738
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
2022 £
292,814 998,090
4,453,063 5,743,967
1,096,807
2021 £
201,828 372,814
4,480,097 5,054,739
1,274,815
RYA ANNUAL REPORT AND ACCOUNTS 2022
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