England Netball Annual Report 2016/17 England Netball Netball House 1-12 Old Park Road Hitchin Hertfordshire SG5 2JR T: 01462 442344 F: 01462 442343 E:
[email protected] www.englandnetball.co.uk Facebook.com/EnglandNetball Twitter @England_Netball Instagram England.netball 18. Company status The Company was incorporated on 10 February 1983 under the Companies Acts as a company limited by guarantee and not having share capital. Each voting member undertakes to contribute a sum not exceeding £1 to the company in the event of it being wound up. The number of voting members as at 31 March 2017 was 5,178 (2016: 5,191). 19. Pension commitments The Association has a defined contributions personal pension scheme for staff and has been auto enrolling staff since January 2014. The assets of the scheme are held separately from those of the Association in an independently administered fund. The pension cost charge represents contributions payable by the Association to the fund and amounted to £122,569 (2016: £107,984). Contributions totalling £24,761 (2016: £22,674) were payable to the fund at the Statement of Financial Position date. CONTENTS 20. Commitments under operating leases At 31 March 2017 the Company had future minimum lease payments under non-cancellable operating leases as follows: 2017 (£) 2016 (£) Land and buildings Not later than 1 year 35,362 84,000 Later than 1 year and not later than 5 years 141,448 280,000 Later than 5 years 353,620 455,000 530,430 819,000 2017 (£) 2016 (£) Other Not later than 1 year 39,061 45,718 Later than 1 year and not later than 5 years 4,649 17,945 43,710 63,663 During the year ended 31 March 2017 amounts totalling £130,848 (2016: £155,511) were payable by the Company in respect of non-cancellable operating lease commitments.