## ## |Contents|Page| |---|---| |Directors, trustees,
officers and advisers|2-3| |Trustees'
Annual
Report for the year ended 31March 2021|4-10| |Independent
Examiner's
Report|| |Statement
of Financial Activities|12| |Balance Sheet 31March 2021|13| |Cash flow statement
for the year ended 31March 2021|14| |Notes to the Financial Statements|15-26| |Detailed Statement of Financial Activities|27-29| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Statement of Financial Activities|||||| |---|---|---|---|---|---| ||Note|Unrestricted|Restricted|Total|Total| |||Funds|Funds|2021|2020| |||E|E|E|E| |Income and Endowments
from:|||||| |Charitable
activities|||||| |Provision ofexercise facilities||135,021|37,012|172,033|139,636| |Trading and fundraising||73,683|1,000|74,683|102,220| |Donations
and legacies||160,769|40,921|201,690|126,689| |Investment
income||24||24|64| |Tota I Income||369497|78933|448 430|368 609| |Expenditure
on:|||||| |Cost of raising funds||56,603|4,474|61,077|55,076| |Charitable
activities|||||| |Provision ofexercise facilities||221 169|56 888|278057|317292| |Total Expenditure||277 772|61362|339134|372 368| |Net income/(expenditure)
for the year||91,725|17,571|109,296|(3,759)| |Net gains/(losses)
on investments||52,702||52,702|(267)| |Transfer between
Funds||(131)|131||| |Net movement
in funds for the year||144,296|17,702|161,998|(4,026)| |Reconciliation
of Funds:|||||| |Total Funds brought
forward||674 962|17638|692 600|696 626| |Total Funds carried forward||819258|35340|854 598|692 600| ## ## |Balance Sh|eet as|at 3|1March 2021|||||| |---|---|---|---|---|---|---|---|---| |||||Note|Unrestricted|Restricted|Total|Total| ||||||Funds|Funds|2021|2020| ||||||f|f|f|f| |Fixed Assets||||||||| |Tangible fixed assets||||9|331,994|18,789|350,783|357,403| |Intangible
fixed assets||||9|210|4,091|4,301|4,790| |Investments||||10|325 163||325 163|272 461| ||||||657 367|22 880|680 247|634 654| |Current Assets||||||||| |Stocks||||11|1,336||1,336|1,775| |Debtors:
amounts||due within one year||12|33,299||33,299|32,252| |Cash at bank|and in|hand|||220 211|12460|232 671|59551| ||||||254,846|12,460|267,306|93,578| |Creditors:
amounts
year||falling due within one||13|L992955,||92 955|35632| |Net Current|Assets||||161891|12460|174351|57 946| |Total Assets|less Current||Liabilities||819,258|35,340|854,598|692,600| |Net Assets|||||819258|35 340|854 598|692 600| |Funds||||||||| |Restricted funds||||14|||35,340|17,638| |Unrestricted|funds|||14|||819258|674 962| |Total Funds|||||||854 598|692 600| ## |Cash Flow Statement
for year ended|Cash Flow Statement
for year ended|31March 2021||||| |---|---|---|---|---|---|---| |||||Table|2021|2020| ||||||f|f| |Cash generated
from operating
activities:||||||| |Net cash provided
by (used in) operating|activities||||133,398|314| |Cash flows from investing
activities:||||||| |Cash flows from other sources:||||||| |Bank interest
received|||||24|64| |HSBC Bounce Back Loan|||||50,000|| |Proceeds from sale of Investment|||||25,000|| |Application
ofcash:||||||| |Payment for tangible fixed assets|||||(9,312)|(7,760)| |Payment for intangible
fixed assets|||||(990)|(1,302)| |Payment
for investments|||||L225000|L550000000| |Net cash provided
by (used in) investing|activities||||39722|58998| |Cash flows from financing activities:||||||| |Movement
in intercompany
balance||||||| |Net increase/(decrease)
in cash:|||||173,120|(58,684)| |Cash at bank and in hand at 1April 2020|||||59551|118235| |Cash at bank and in hand at:31March 2021|||||232 671|59551| |Table 1:||||||| |Reconciliation
ofnet income/(expenditure)|to net cash flow from operating|||activities||| ||||||2021|2020| ||||||f|f| |Net income/(expenditure)
for the reporting||period (as per the Statement|of|||| |Financial Activities)|||||161,998|(4,026)| |Change
in market value ofinvestments|||||(52,702)|267| |Depreciation
charges|||||17,411|16,634| |Interest received|||||(24)|(64)| |Loss/(profit)
on the sale oftangible fixed|assets|||||| |(Increase)/decrease
in stocks|||||439|(37)| |Decrease/(increase)
in debtors|||||(1,047)|(23,923)| |Increase
in creditors|||||7 323|11463| |Net cash provided
by / (used in) operating|activities||||133398|314| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Where the value ofd
Financial Instruments|Where the value ofd
Financial Instruments|onated|assets a|assets a|n|d services ca|d services ca|nnot be|reliably estimated,
then|no such adjustm|ent
is made.|| |---|---|---|---|---|---|---|---|---|---|---|---|---| |The Charity
only has||financial|assets|||and financial||liabilities|of a kind that qualify|as basic financial|instruments.|Basic| |financial
instruments||are initially||recognised|||at transaction||value and subsequently|measured
at their settlement||date.| |Income from|Charitable||Activities|||||||||| |||||||||||2021||2020| |||||||||||f||f| |Exercise classes||||||||||29,781|122,440|| |Course fees||||||||||||450| |Room hire||||||||||1,178||14,955| |Income from|HM Government|||re|COVID (grants)|||||41,329||| |Insurance
Claim re||COVID||||||||62,732||| |Other income||||||||||1||60| |Unrestricted|income|||||||||135,021|137,905|| |Restricted income:||HM Government||||re COVID (furlough)||||37012||1731| |Total income|from|charitable||activities||||||172033|139636|| |Other ancillary activities||||||||||||| |||||||||||2021||2020| |||||||||||f||f| |Event takings||||||||||30,058|52,512|| |Grand draws||||||||||20,845|17,420|| |Sales||||||||||4,856||6,681| |100Club donations||||||||||4,259||5,077| |Flag days and|collection tins|||||||||104||3,837| |Lottery||||||||||13561|14 787|| |Unrestricted|income|||||||||73,683|100,314|| |Restricted income:||Events|takings|||||||1 000||1 906| |Total income|from|other ancillary|||activities|||||74 683|102 220|| ## ## ## |5|Oonations
and Legacies|Oonations
and Legacies|Oonations
and Legacies|||||| |---|---|---|---|---|---|---|---|---| ||||||||2021|2020| ||||||||E|E| ||Regular giving||||||11,238|7,483| ||Donations
and gifts||||||53,803|35,369| ||Legacies||||||50,939|13,000| ||In memoriam||||||4,909|6,170| ||Trusts and Foundations||||||39880|16500| ||Unrestricted
income||||||160769|78 522| ||Restricted income —regular|||giving|||960|1,200| ||Restricted
income —services||||provided|in kind|16,508|37,917| ||Restricted
income —Statutory||||grants||1,550|4,050| ||Restricted
income —Trusts||and Foundations||||21903|5 000| ||Restricted
income||||||40921|48 167| ||Total income from donations||||and legacies||201690|126 689| |6|Investment
income|||||||| ||||||||2021|2020| ||||||||E|E| ||Bank interest
receivable||||||24|64| ||||||||24|64| |7|Expenditure|||||||| ||Costs ofgenerating
funds|||||||| ||||||||2021|2020| ||||||||E|E| ||Staff costs||||||32,381|34,849| ||Complete
Fundraising|costs|||||10,771|| ||Publicity
and marketing||||||3,953|2,836| ||Events expenses||||||6,170|13,389| ||Merchandise
purchases||||||2,126|2,578| ||Support costs||||||1202|1214| ||Unrestricted||||||56,603|54,866| ||Restricted: Staff costs||||||4474|210| ||Total costs ofgenerating||funds||||61077|55 076| ## ## |7|Expenditure
(continued)|Expenditure
(continued)|Expenditure
(continued)|||| |---|---|---|---|---|---|---| ||Costs ofcharitable|activities||||| ||||||2021|2020| ||||||f|f| ||Provision ofexercise facilities:|||||| ||Staff costs||||108,941|132,823| ||Rent, rates and water||||258|3,694| ||Insurance||||3,955|3,312| ||Light and heat||||4,184|6,632| ||Telephone||||2,474|2,685| ||Postage, stationery|and|printing||3,609|6,340| ||Sundries|||||44| ||Cleaning||||4,168|7,292| ||Repairs and maintenance||||6,967|7,788| ||Health and safety||||1,909|62| ||Subscriptions||||978|680| ||Travel expenses||||42|523| ||Staff recruitment||||342|275| ||Bank charges||||993|1,676| ||Staff refreshments||||29|1,062| ||Staff uniforms||||126|| ||Training||||762|296| ||Physical training
instructors||||51,985|62,544| ||Health programme|expenses|||895|627| ||Course expenses|||||346| ||ITcosts||||11,796|12,291| ||Depreciation||||11,448|12,220| ||Loss on disposal of|tangible assets||||| ||Support costs||||5 308|6 791| ||Unrestricted
expenditure||||221 169|270 003| ||Restricted expenditure|||||| ||Salaries: Administration||||26,923|1,340| ||Salaries: Health Programme||||5,616|182| ||Cardiologist
fees||||7,650|28,160| ||Staff training||||900|828| ||Gym equipment
maintenance||||1,478|2,348| ||IT|||||759| ||Depreciation
on Restricted Assets||||5,963|4,415| ||Support costs —services||provided|in kind|8358|9 257| ||Restricted
expenditure||||56 888|47 289| ||Total costs ofcharitable||expenditure||278 067|317292| ## ## ## |||||||2021|2020| |---|---|---|---|---|---|---|---| |||||||E|E| ||Support costs||||||| ||Support costs ofgenerating|||voluntary|income|1,202|1,214| ||Support costs ofcharitable|||activities||13666|16048| |||||||14868|17262| ||Governance|costs included||in Support|costs|2,066|2,646| |Net|incoming/(outgoing)||resources for the year is stated after charging:||||| |||||||2021|2020| |||||||E|E| ||Depreciation|—owned|assets|||17,411|16,635| ||Independent|Examiner's
fee||||2,040|2,620| ## |mployee
inform|ation||| |---|---|---|---| |||2021|2020| |||E|E| |Total staff costs|comprise:||| |Wages and salaries||169,201|160,361| |Social security costs||5,625|5,981| |Pension contributions||3 509|3 063| |||178335|169405| |Cost ofgenerating|funds: staff costs|36,855|35,060| |Cost ofcharitable|activities: staff costs|141480|134345| |Total staff costs||178335|16940| ## ## ||||||||Unrestricted|Restricted|Restricted|Total| |---|---|---|---|---|---|---|---|---|---|---| ||||||||Funds||Fund|Funds| ||||||||f||f|f| |Income and Endowments||from:||||||||| |Charitable
activities||||||||||| |Provision ofexercise|facilities||||||137,905||1,731|139,636| |Trading
and fundraising|||||||100,314||1,906|102,220| |Donations
and legacies|||||||78,522||48,167|126,689| |Investment
income|||||||64|||64| |Total Income|||||||3168D5||51804|368 609| |Expenditure
on:||||||||||| |Cost of raising funds|||||||54,866||210|55,076| |Charitable
activities||||||||||| |Provision ofexercise|facilities||||||270 DD3||47 289|317292| |Total Expenditure|||||||324 869||47 499|372 368| |Net Income/(expenditure)|||for the year||||(8,064)||4,305|(3,759)| |Net gains/(losses)
on|investments||||||(267)|||(267)| |Net movement
in funds for|||the year||||(8,331)||4,305|(4,026)| |Reconciliation
offunds||||||||||| |Total Funds brought|forward||||||683 293||13 333|696 626| |Total Funds carried forward|||||||674962||17638|692 600| |Fixed Assets||||||||||| |Tangible
Fixed Assets||||||||||| |||||Leasehold||Fitness|Office|~Com|uter|| |||||~Pro ert|~eui|ment|~Eui ment|~Eui|ment|Total| |||||||||||f| |Cost||||||||||| |At 1April 2020||||458,918||67,471|37,908|17,886||582,183| |Transfers||||||||||| |Additions||||||966|6,408||1,938|9,312| |Disposals|||||||~3407||~645|~4052| |At 31March 2021||||458 918||68 437|40 909|19179||587 443| |Accumulated
depreciation||||||||||| |At 1April 2020||||120,258||62,563|36,234||5,725|224,780| |Transfers||||||||||| |Charge for the year||||9,179||2,410|1,042||3,301|15,932| |On disposals|||||||~3407||~645|~4052| |At 31March 2021||||129437||64 973|33 869||8381|236 660| |Net book value||||||||||| |At 31March 2021||||329481||3464|7 040|10798||350783| |At 31March 2020||||338660||4908|1674|12161||357403| |||||Page|21|||||| ## ## ## ## |ixed Assets (continued)
ntangible
Fixed Assets|||| |---|---|---|---| ||~Com|uter|| ||Software||Total| ||||f| |Cost|||| |At 1April 2020||6,762|6,762| |Additions||990|990| |At 31March 2021||7 752|7 752| |Accumulated
depreciation|||| |At 1April 2020||1,971|1,971| |Charge for the year||1480|1480| |At 31March 2021||3451|3451| |Net book value|||| |At 31March 2021||4 301|4301| |At 31March 2020||4 790|4 790| ## |021:|||||||||| |---|---|---|---|---|---|---|---|---|---| |||||||Investment|Fixed|Total|| |||||||Fund|Interest||| ||||||||Fund||| |||||||2021|2021|2021|2020| |||||||f|f|f|f| |Market value||at beginning|ofthe year|||222,626|49,835|272,461|222,728| |Acquisitions||at cost||||25,000||25,000|50,000| |Sales at market value||||||(25,000)||(25,000)|| |Net unrealised
profit/(loss)||||on revaluation|at end of|51879|823|52 702|267| |year|||||||||| |Market value||at end ofyear||||274 505|50 658|325 163|272 461| |Analysis of investments|||||||||| |||||||||2021|2020| |Investment|Fund|||||||Asset|Asset| |||||||||allocation|allocation| |Overseas equities||||||||67.23%|60.21%| |UK equities||||||||9.89%|12.60%| |Infrastructure||and operating||assets||||9.12%|9.68%| |Cash||||||||4.83%|6.20%| |Property||||||||3.90%|5.37%| |Contractual|and other income|||||||2.68%|3.25%| |Private equity and other||||||||2.01%|2.15%| |Fixed interest||||||||0.34%|0.54%| ## ## ||Investments||held|as fixed assets (continued)||| |---|---|---|---|---|---|---| ||||||2021|2020| ||Fixed Interest|Fund|||Asset|Asset| ||||||allocation|allocation| ||Non-Government||Bonds||61.12%|58.11%| ||Government|Bonds|||37.78%|40.17%| ||Cash||||1.10%|1.72%| ||Total||||100.00%|100.00%| |12|Stocks|||||| ||||||2021|2020| ||||||f|f| ||Merchandise||||1 336|1775| |13|Debtors: amounts|||falling due within one year||| ||||||2021|2020| ||||||f|f| ||Prepayments|and accrued income|||33,186|19,947| ||Other debtors||||113|12305| ||||||33299|32 252| |14|Creditors: amounts|||falling due within one year||| ||||||2021|2020| ||||||f|f| ||Trade creditors||||6,187|9,414| ||Other taxation|and social security|||2,375|2,665| ||HSBC Bounce|Back Loan|||50,000|| ||Other creditors||||682|1,335| ||Accrual and deferred|||income|33711|22 218| ||||||92 955|35632| |uring th|e year not yet utilised, the movement
is shown belo|w:|| |---|---|---|---| |||2021|2020| |||f|f| |Balance|at 1"April 2020|16,132|| |Exercise|tokens purchased|36,855|135,451| |Exercise|tokens utilised|~29 781|~119319| |Balance|at31"March 2021|23 296|16 132| ## ## |Movemen|t
in fund|s||||||| |---|---|---|---|---|---|---|---|---| |||At 1 April|movement|Transfer
between|At 31
March|Net
movement|Transfer
between|At 31
March| ||||in funds|funds|2020|in funds|funds|2021| ||||2020|2020||2021|2021|| |||E|E|E||E|E|| |Unrestricted|Fuds|||||||| |General
Fund||141,495|(8,331)|117,977|251,141|144,427|(52,596)|342,972| |Designated|fund:|||||||| |Tangible
Fixed Asset||||||||| |fund||347,840||(9,179)|338,661||(10,873)|327,788| |Capital expenditure||50,000||5,000|55,000||1,178|56,178| |Expansion|reserve|67,395||(67,395)||||| |Cardiologist|Fund|||||||| |(previously|the local|||||||| |impact reserve)||76 563||L446403|30 16D||62 160|92 320| |||683 293|+88331||674 962|144427|~131|819258| |Restricted|Funds|||||||| |Restricted funds||13 333|4 3D5||17638|17571|131|35 34D| |||13333|4 305||17638|17571|131|35 340| |Total Funds||696626|~4 026||692 6DO|161998||854 598| ## ||||||Net|Transfer|Net| |---|---|---|---|---|---|---|---| ||||Incoming|Resources|movement|between|movement
in| ||||resources|expended|before|funds|funds| ||||||transfer||| ||||2020|2020|2020|2020|2020| ||||f|f|f|f|f| |Unrestricted||Funds|||||| |General
fund|||316,805|(325,136)|(8,331)|117,977|109,646| |Designated||fund:|||||| |Tangible
Fixed Asset||||||(9,179)|(9,179)| |Capital expenditure||||||5,000|5,000| |Expansion|reserve|||||(67,395)|(67,395)| |Local impact||reserve||||L446403|~46403| ||||316805|~325 136|8331||8331| |Restricted|Funds||||||| |Restricted|funds||518D4|~47 499|4 305||4305| |Total Funds|||368609|372635|4 026||4 026| ||||Incoming|Resources|Net|Transfer|Net| ||||resources|expended|movement|between|movement
in| ||||||before|funds|funds| ||||||transfer||| ||||2021|2021|2021|2021|2021| ||||f|f|f|f|f| |Unrestricted||Funds|||||| |General fund|||422,199|(277,772)|144,427|(52,596)|91,831| |Designated||fund:|||||| |Tangible
Fixed Asset||||||(10,873)|(10,873)| |Capital expenditure||||||1,178|1,178| |Expansion|reserve||||||| |Localimpact||reserve||||62 160|62 160| ||||422 199|277 772|144 427|~131|144296| |Restricted|Funds||||||| |Restricted|funds||78 933|~61362|17571|131|17 7D2| |Total Funds|||501132|~339134|161998||161998| ## ## ## ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||||E|E| |Income and Endowments|from:|||||| |Charitable
activities||||||| |Exercise classes|||||29,781|122,440| |Course fees||||||450| |Room hire|||||1,178|14,955| |Income from HM Government|||re COVID||41,329|| |Insurance
Claim re COVID|||||62,732|| |Other income|||||1|60| ||||||135,021|137,905| |Income from HM Government|||re COVID —restricted||37012|1731| |Total income from charitable||activities|||172033|139636| |Other activities||||||| |Events takings|||||30,058|47,462| |Grand Draws|||||20,845|17,420| |Lottery|||||13,561|14,787| |Merchandise
sales|||||4,856|6,681| |100Club donations|||||4,259|5,077| |Corporate sponsorship||||||5,050| |Flag days and collection tins|||||104|3 837| ||||||73 683|100 314| |Restricted income —community|||fundraising||1000|1 9D6| |Total Other activities|||||74 683|1D2 220| |Donations
and Legacies||||||| |Regular giving|||||11,238|7,483| |Donations
and gifts|||||53,803|35,369| |Legacies|||||50,939|13,000| |In Memoriam|||||4,909|6,170| |Trusts and Foundations|||||39880|16500| |Unrestricted
income|||||160 769|78 522| |Restricted income —donations:|||services provided|in kind|16,508|37,917| |Restricted income —regular||giving|||960|1,200| |Restricted
income —Statutory|||grants||1,550|4,050| |Restricted
income —Trusts|and||Foundations||21 903|5000| |Restricted
income|||||40921|48 167| |Total Donations
and Legacies|||||2D1 690|126 689| |Investment
income||||||| |Bank deposit income|||||24|64| |Total income and endowments|||||448430|368 609| ## ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||||E|E| |Expenditure||||||| |Raising donations
and|legacies|||||| |Salaries|||||29,385|30,075| |National
Insurance
contributions|||||1,980|2,139| |Pension contributions|||||1,016|939| |Salaries —ex restricted|income||||4,474|1,906| |Complete
Fundraising|costs||||10,771|| |Publicity|||||3,953|2,836| |Events expenses|||||6,170|13,389| |Purchases|||||2 126|2 578| ||||||59875|53 862| |Charitable
activities||||||| |Salaries|||||102,804|126,857| |Salaries —ex restricted|income||||32,539|1,522| |National
Insurance
contributions|||||3,644|3,842| |Pension contributions|||||2,493|2,124| |Rent, rates and water|||||258|3,694| |Insurance|||||2,955|3,312| |Light and heat|||||4,184|6,632| |Telephone|||||2,474|2,685| |Postage and stationery|||||3,609|6,340| |Sundries||||||44| |Cleaning|||||4,168|7,292| |Repairs and maintenance|||||6,967|7,788| |Repairs and maintenance||—ex restricted||income|1,478|2,348| |Health
and safety|||||1,909|62| |Subscriptions|||||978|680| |Travel expenses|||||42|523| |Staff recruitment|||||342|275| |Bank charges|||||993|1,676| |Staff refreshments|||||29|1,062| |Staff uniforms|||||126|| |Training|||||762|296| |Training —ex restricted|income||||900|828| |Physical training
instructors|||||51,985|62,544| |Restricted
income
—Cardiologist|||fees||7,650|28,160| |Health
programme
expenses|||||895|627| |Course expenses||||||346| |ITcosts|||||11,796|13,050| |Depreciation —tangible||assets|||11,208|11,979| |Depreciation —tangible||assets —on restricted assets|||4,724|3,455| |Depreciation —intangible||assets|||240|240| |Depreciation —intangible||assets|—on restricted assets||1239|961| ||||||264 391|301244| |Support costs||||||| |Independent
Examiner's||fee|||2,040|2,620| |Bookkeeping
and payroll||fees|||827|830| |Lega I fees
—restricted|||||8,358|9,797| |Consultancy|||||3 643|4 016| ||||||14868|17262| |Total resources expend|e|d|||339134|372369| ## |Detailed Statement|of Financial Activities (continued)||| |---|---|---|---| |for the year ended|31March 2021||| |||2021|2020| |||E|f| |Net Income/(expenditure)||109,296|(3,759)| |Unrealised
gain/(loss)|on Investments|62 702|267| |Net movement
in Funds||161998|4026|