##
##
##
|Contents||Page|
|---|---|---|
|Directors, trustees, officers and|advisers|2-3|
|Trustees'
Annual
Report for the|year ended 31March 2022|4-10|
|Independent
Examiner's
Report|||
|Statement
of Financial Activities||12|
|Balance Sheet 31March 2022||13|
|Cash flow statement
for the year ended 31March 2022||14|
|Notes to the Financial Statements||15-26|
|Detailed Statement
of Financial|Activities|27-29|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Note|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2022|2021|
|||||E|E|E|E|
|Income and Endowments|from:|||||||
|Charitable
activities||||||||
|Provision ofexercise facilities||||132,833|5,661|138,494|172,033|
|Trading and fundra ising||||102,862|1,898|104,760|74,683|
|Donations
and legacies||||133,516|145,676|279,192|201,690|
|Investment
income||||36||36|24|
|Tote I Income||||369247|~1235|~522 4||
|Expenditure
on:||||||||
|Cost of raising funds|||7|112,537|1,669|114,206|61,077|
|Charitable
activities||||||||
|Provision ofexercise facilities|||7|296976|58473|355449|278 057|
|Total Expenditure||||~409 513|60 142|469 655|339134|
|Net income/(expenditure)||for the year||(40,266)|93,093|52,827|109,296|
|Net gains/(losses)
on investments||||29,910||29,910|52,702|
|Transfer between
Funds||||(3,150)|3,150|||
|Net movement
in funds|for|the year||(13,506)|96,243|82,737|161,998|
|Reconciliation
ofFunds:||||||||
|Total Funds brought
forward|||||4|~|RVK|
|Total Funds carried forward||||805 752|~11 83|~937||
|All activities are classed as|continuing.|||||||
##
##
|alance Sheet as|at 3|1March 2022||||||
|---|---|---|---|---|---|---|---|
||||Note|Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|2022|2021|
|||||g|f|E|f|
|Fixed Assets||||||||
|Tangible fixed assets|||10|320,990|62,327|383,317|350,783|
|Intangible
fixed assets|||10|20|9,332|9,352|4,301|
|Investments|||11|~355073||355073|~325 163|
|||||6~76083|71659|747 742|680247|
|Current Assets||||||||
|Stocks|||12|882||882|1,336|
|Debtors:
amounts|due within one year||13|10,819||10,819|33,299|
|Cash at bank and in|hand|||161330|~59924|221 254|~232 671|
|||||173,031|59,924|232,955|267,306|
|Creditors:
amounts|falling due within one|||||||
|year|||14|~43 362||~43 362|92 955|
|Net Current Assets||||~12 669|59924|189593|174351|
|Total Assets less Current||Liabilities||805,752|131,583|937,335|854,598|
|Net Assets||||8~05 752|1 1583|7335||
|Funds||||||||
|Restricted
funds|||15|||131,583|35,340|
|Unrestricted
funds|||15|||805752|~8192S8|
|TotalFunds||||||~937 335||
##
##
|Cash Flow Statement for year|ended|ended|31March 2022||||||
|---|---|---|---|---|---|---|---|---|
||||||Table|2022||2021|
||||||||f|f|
|Cash generated
from operating
activities:|||||||||
|Net cash provided
by (used in) operating||activities|||1|46|583|~133398|
|Cash flows from investing
activities:|||||||||
|Cash flows from other sources:|||||||||
|Bank interest received|||||||36|24|
|HSBC Bounce Back Loan||||||||50,000|
|Proceeds from sale of Investment||||||298,230||25,000|
|Application
ofcash:|||||||||
|Payment
for tangible
fixed assets||||||(50,865)||(9,312)|
|Payment for intangible
fixed assets||||||(7,170)||(990)|
|Payment
for investments||||||~298|230|L225000|
|Net cash provided
by (used in) investing||activities||||57|999|39722|
|Cash flows from financing activities:|||||||||
|Movement
in intercompany
balance|||||||||
|Net increase/(decrease)
in cash:||||||(11,416)||173,120|
|Cash at bank and in hand at 1April 2021||||||~232|670|59 550|
|Cash at bank and in hand at 31March 2022||||||~221|4|~232
70|
|Table 1:|||||||||
|Reconciliation of net income/(expenditure)|||to net cash flow from operating||activities||||
|||||||2022||2021|
||||||||g|f|
|Net income/(expenditure)
for the reporting|||period (as per the Statement|of|||||
|Financial
Activities)||||||82,737||161,998|
|Change
in market value ofinvestments||||||(29,910)||(52,702)|
|Depreciation
charges||||||20,226||17,411|
|Interest received|||||||(36)|(24)|
|Loss/(profit)
on the sale oftangible|fixed|assets|||||225||
|(Increase)/decrease
in stocks|||||||454|439|
|Decrease/(increase)
in debtors||||||22,480||(1,046)|
|(Decrease)/increase
in creditors||||||~49 593||~7322|
|Net cash provided
by / (used in) operating|||activities|||~46|583|~133398|
|The notes on pages 15to 26 form part ofthese financial statements.|||||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|ome from|Charitable
A|ctivi|tie|s|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E|E|
|Exercise classes|||||108,775|29,781|
|Course fees|||||744||
|Room hire|||||2,780|1,178|
|Income from|HM Government|re|COVID (grants)||18,600|41,329|
|Insurance
Claim re COVID||||||62,732|
|Other income|||||~1934|1|
|Unrestricted|income||||132,833|135,021|
|Restricted income: HM Government||||re COVID (furlough)|5 661|~37012|
|Total income|from charitable|activities||||~1720|
|ther ancillary activities|||||||
||||||2022|2021|
||||||E|E|
|Event takings|||||55,977|30,058|
|Grand draws|||||19,356|20,845|
|Sales|||||8,768|4,856|
|100Club donations|||||4,286|4,259|
|Flag days and|collection tins||||1,091|104|
|Lottery|||||~13384|13561|
|Unrestricted|income||||102,862|73,683|
|Restricted income: Events takings|||||1898|1000|
|Total income|from other ancillary||activities||~47|74 683|
##
##
|5|Donations
and Legacies|Donations
and Legacies|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E|6|
||Regular
giving||||9,080|11,238|
||Donations
and gifts||||18,767|53,803|
||Legacies||||54,499|50,939|
||In memoriam||||12,170|4,909|
||Trusts and Foundations||||39000|39880|
||Unrestricted
income||||~133516|160769|
||Restricted income —regular||giving||960|960|
||Restricted income —legacies||||4,000||
||Restricted income —services||provided|in kind|33,164|16,508|
||Restricted income —Statutory grants||||3,000|1,550|
||Restricted income —Trusts|and Foundations|||104552|21903|
||Restricted income||||145676|40921|
||Total income from donations||and legacies||~27
2||
|6|Investment
income||||||
||||||2022|2021|
||||||E|E|
||Bank interest receivable||||36|24|
||||||36|24|
|7|Expenditure||||||
||Costs ofgenerating
funds||||||
||||||2022|2021|
||||||E|E|
||Staff costs||||37,363|32,381|
||External
Fundraising
costs||||48,046|10,771|
||Publicity and marketing||||8,925|3,953|
||Events expenses||||12,008|6,170|
||Merchandise
purchases||||4,647|2,126|
||Support costs||||1548|~1202|
||Unrestricted||||112,537|56,603|
||Restricted: Staff costs||||1669|~4474|
||Total costs ofgenerating|funds|||~114206|~177|
##
##
|xpenditure
(co|ntinued)|ntinued)||||
|---|---|---|---|---|---|
|Costs ofcharitable|activities|||||
|||||2022|2021|
|||||6|E|
|Provision ofexercise facilities:||||||
|Staff costs||||155,076|108,941|
|Rent, rates and water||||2,545|258|
|Insurance||||4,040|3,955|
|Light and heat||||7,972|4,184|
|Telephone||||2,217|2,474|
|Postage, stationery
and||printing||3,681|3,609|
|Sundries||||180||
|Cleaning||||8,538|4,168|
|Repairs and maintenance||||9,877|6,967|
|Health and safety||||74|1,909|
|Subscriptions||||1,071|978|
|Travel expenses||||186|42|
|Staff recruitment||||1,227|342|
|Bank charges||||2,109|993|
|Staff refreshments||||1,019|29|
|Staff uniforms||||60|126|
|Training||||457|762|
|Physical training|instructors|||67,371|51,985|
|Health
programme
expenses||||478|895|
|Course expenses||||140||
|ITcosts||||11,662|11,796|
|Doubtful debts||||1,050||
|Depreciation||||11,155|11,448|
|Loss on disposal oftangible assets||||41||
|Support costs||||~4750|5308|
|Unrestricted
expenditure||||296976|221169|
|Restricted expenditure||||||
|Salaries: Administration||||3,442|26,923|
|Salaries: Health Programme||||1,391|5,616|
|Cardiologist fees||||27,600|7,650|
|Physical training|instructors|||8,562||
|Staff training||||652|900|
|Gym equipment|maintenance|||1,723|1,478|
|Gym equipment||||784||
|Loss on disposal|ofrestricted assets|||184||
|Depreciation
on|restricted assets|||9,071|5,963|
|Support costs —services||provided|in kind|5 064|8358|
|Restricted expenditure||||58473|56888|
|Total costs ofcharitable||expenditure||355449|27
7|
##
##
##
||||||2022|2021|
|---|---|---|---|---|---|---|
||||||E|E|
|Support costs|||||||
|Support costs ofgenerating|||voluntary|income|1,548|1,202|
|Support costs ofcharitable|||activities||9814|13666|
||||||~11362|14868|
|Governance|costs included||in Support|costs|2,926|2,066|
|Net incoming/(outgoing)||resources for the year is stated after charging:|||||
||||||2022|2021|
||||||E|E|
|Depreciation|—owned|assets|||20,226|17,411|
|Independent|Examiner's
fee||||2,900|2,040|
##
##
|mployee inform|ation|||
|---|---|---|---|
|||2022|2021|
|||E|E|
|Total staff costs|comprise:|||
|Wages and salaries||187,198|169,201|
|Social security costs||7,775|5,625|
|Pension contributions||3953|~3509|
|||~198926|~178335|
|Cost ofgenerating|funds: staff costs|39,032|36,855|
|Cost ofcharitable|activities: staff costs|~159894|~141480|
|Total staff costs||198926|~178335|
##
##
##
|Comparatives
for|th|e Statement|of Financial|Activities|Activities||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted||Restricted||Total|
||||||Funds||Funds|2021|
|||||||E|E|E|
|Income and Endowments||from:|||||||
|Charitable
activities|||||||||
|Provision ofexercise|facilities|||135,021|||37,012|172,033|
|Trading
and fundraising|||||73,683||1,000|74,683|
|Donations
and legacies||||160,769|||40,921|201,690|
|Investment
income|||||24|||24|
|Total Income|||||||78933||
|Expenditure
on:|||||||||
|Cost of raising funds|||||56,603||4,474|61,077|
|Charitable
activities|||||||||
|Provision ofexercise|facilities|||221 169|||56 88|278 057|
|Total Expenditure||||277 772|||61362|339134|
|Net income/(expenditure)||for the year|||91,725||17,571|109,296|
|Net gains/(losses)
on|investments||||52,702|||52,702|
|Transfer between
Funds|||||(131)||131||
|Net movement
in funds||for the year||144,296|||17,702|161,998|
|Reconciliation
ofFunds:|||||||||
|Total Funds brought|forward||||||~17638||
|Total Funds carried forward|||||||35340||
|Fixed Assets|||||||||
|Tangible
Fixed Assets|||||||||
||||Leasehold|Fitness||Office|~Com uter||
||||~Pro ert|~Eui ment|~Eui ment||~Eui ment|Total|
||||E|||||E|
|Cost|||||||||
|At 1April 2021|||458,918|68,437||40,909|19,179|587,443|
|Transfers|||||||||
|Additions|||35,105|6,303||7,280|2,177|50,865|
|Disposals||||||~3400|~675|~4075|
|At 31March 2022|||494023|~74 740||44789|20 681|634233|
|Accumulated
depreciation|||||||||
|At 1April 2021|||129,436|64,973||33,869|8,381|236,659|
|Transfers|||||||||
|Charge for the year|||9,295|2,256||2,991|3,565|18,107|
|On disposals||||||~3400|~450|~3850|
|At 31March 2022|||138731|67 229||~33460|~11496|~25 916|
|Net book value|||||||||
|At 31March 2022|||~355 292|7511||11329|9 185|~383317|
|At 31March 2021|||329481|3464||~7040|10798|350 783|
##
##
##
##
|ixed Assets (continued)
ntangible
Fixed Assets|||
|---|---|---|
||C~om uter||
||Software|Total|
|||f|
|Cost|||
|At 1April 2021|7,752|7,752|
|Additions|~7170|7170|
|At 31March 2022|~14922|14922|
|Accumulated
depreciation|||
|At 1April 2021|3,451|3,451|
|Charge for the year|2 119|2 119|
|At 31March 2022|5570|5 570|
|Net book value|||
|At 31March 2022|9352|~9352|
|At 31March 2021|4301|~4301|
##
|uoted inve
022:|st|ments
|held in|CC|LA CO|IF Ch|arity Investment|Fund and CCLA C|OIF Charity Fix|ed I|nterest Fun|d at31March|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Ethical|Investment|Fixed||Tota
I|T ta|
||||||||Investment|~Fn|Interest||||
||||||||Fund||Fund||||
||||||||2022|2022|2022||2022|2021|
||||||||f|f|f||f|f|
|Market value||at beginning||of|the year|||274,503|50,660|325,163||272,461|
|Acquisitions||at cost|||||298,229|||298,229||25,000|
|Sales at market value||||||||(298,229)||(298,229)||(25,000)|
|Net
unrealised|||profit/(loss)|||on|8487|~23 726|2 303||29910|~52 702|
|revaluation|at end ofyear||||||||||||
|Market value||at end|ofyear||||30671||48 357|~37||~51 3|
|Analysis of|investments||||||||||||
||||||||||||2022|2021|
|Investment|Fund||||||||||Asset|Asset|
|||||||||||~ll|tio|allocation|
|Overseas equities|||||||||||64.1496|67.2396|
|Infrastructure||and operating|||assets||||||9.0696|9.1296|
|Cash|||||||||||8.5296|4.839o|
|UK equities|||||||||||8.5096|9.8996|
|Property|||||||||||4.589o|3.9096|
|Contractual|and other income||||||||||2.769o|2.6896|
|Private equity and other|||||||||||2.449o|2.0196|
|Fixed interest||||||||||||0.349o|
##
##
|11|Investments
held as fixed assets (continued)|Investments
held as fixed assets (continued)|Investments
held as fixed assets (continued)|Investments
held as fixed assets (continued)|Investments
held as fixed assets (continued)|Investments
held as fixed assets (continued)||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
|||Fixed Interest
Fund||||||Asset|Asset|
||||||||allocation||allocation|
|||Non-Government|Bonds|||||63.19%|61.12%|
|||Government
Bonds||||||34.95%|37.78%o|
|||Cash||||||1.86%o|1.10%|
|||Total|||||100.00%||100.00%o|
|12|Stocks|||||||||
|||||||||2022|2021|
|||||||||E|E|
|||Merchandise|||||||~1336|
|13|Debtors: amounts|||falling due within one||year||||
|||||||||2022|2021|
|||||||||g|g|
|||Prepayments
and accrued income||||||8,749|33,186|
|||Other debtors||||||2070|113
~29|
|14|Creditors: amounts|||falling due within one year||||||
|||||||||2022|2021|
|||||||||E|E|
|||Trade creditors||||||12,578|6,187|
|||Other taxation|and social security|||||2,797|2,375|
|||HSBC Bounce Back Loan|||||||50,000|
|||Other creditors||||||1,506|682|
|||Deferred income||||||26481|~33711|
|||||||||43362|92955|
||The deferred
income creditor as included||||within|the accrual and deferred income|relates to|exercise|tokens|
|purchased||during the year not yet utilised, the movement||||is shown below:||||
|||||||||2022|2021|
|||||||||E|E|
|||Balance at 1"April 2021||||||23,206|16,132|
|||Exercise tokens|purchased|||||21,471|36,855|
|||Exercise tokens|utilised|||||~26048|~29781|
|||Balance at 31"March||2022||||18629|~23 206|
##
##
|Annu|al
Report and|al
Report and|Financi|al Statem|ents
for the|year ended|31March|2022|||
|---|---|---|---|---|---|---|---|---|---|---|
|15|Movement||in funds||||||||
|||||At 1|Net|Transfer|At 31|Net|Transfer|At 31|
|||||April|movement|between|March|movement|between|March|
|||||2020|in funds|funds|2021|in funds|funds|2022|
||||||2021|2021||2022|2022||
||||||E|f||E|E||
||Unrestricted|Fuds|||||||||
||General
Fund|||251,141|144,427|(52,596)|342,972|(10,356)|(14,331)|318,285|
||Designated|funds:|||||||||
||Tangible
Fixed||Asset||||||||
||fund|||338,661||(10,873)|327,788||(9,141)|318,647|
||Capital expenditure|||55,000||1,178|56,178||20,322|76,500|
||Health Programme||||||||||
||Fund|||30160||~62 160|92 320|||92320|
|||||674962|~144 427|~131|819258|10356|3 150|805752|
||Restricted|Funds|||||||||
||Restricted funds|||17638|17571|131|~35340|93093|3150|~131583|
|||||~17 638|17571|131|~35 340|93093|3150|131583|
||Total Funds|||||||82 737||~97 335|
##
##
||||||Net|Transfer||Net|
|---|---|---|---|---|---|---|---|---|
||||Incoming|Resources|movement|between|movement|in|
||||resources|expended|before|funds|funds||
||||||transfer||||
||||2021|2021|2021|2021|2021||
||||E|E|E|E||E|
|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||
|Health Programme|||||||||
|Fund||||||62 160|62|160|
||||4~22 199|277 772|~144427|131|~144|296|
|Restricted|Funds||||||||
|Restricted funds|||78933|~61362|17571|131|17|702|
|Total Funds|||501132|339134|||||
||||Incoming|Resources|Net|Transfer||Net|
||||resources|expended|movement|between|movement|in|
||||||before|funds|funds||
||||||transfer||||
||||2022|2022|2022|2022|2022||
||||E|E|E|E||E|
|Unrestricted||Funds|||||||
|General fund|||399,157|(409,513)|(10,356)|(14,331)|(24,687)||
|Designated|fund:||||||||
|Tangible
Fixed Asset||||||(9,141)|(9,141)||
|Capital expenditure||||||20,322|20,322||
|Cardiologist's||fund|||||||
||||399157|409 513|10356|~3150|L113506||
|Restricted|Funds||||||||
|Restricted funds|||153235|~60 142|~93093|3 150|96|243|
|Total Funds|||552 392|L44|82 737||82|737|
##
##
##
##
##
||||||2022|2021|
|---|---|---|---|---|---|---|
||||||g|E|
|Income and Endowments|from:||||||
|Charitable
activities|||||||
|Exercise classes|||||108,775|29,781|
|Course fees|||||744||
|Room hire|||||2,780|1,178|
|Income from HM Government|||re COVID||18,600|41,329|
|Insurance
Claim re COVID||||||62,732|
|Other income|||||1934|1|
||||||132,833|135,021|
|Income from HM Government|||re COVID —restricted||5661|~37012|
|Total income from charitable||activities||||172|
|Other activities|||||||
|Events takings|||||52,251|30,058|
|Grand Draws|||||19,356|20,845|
|Lottery|||||13,384|13,561|
|Merchandise
sales|||||8,768|4,856|
|100Club donations|||||4,286|4,259|
|Corporate sponsorship|||||3,726||
|Flag days and collection tins|||||1091|104|
||||||102862|73683|
|Restricted income —community|||fundraising||1898|1000|
|Total Other activities||||||~74 683|
|Donations
and Legacies|||||||
|Regular
giving|||||9,080|11,238|
|Donations
and gifts|||||18,767|53,803|
|Legacies|||||54,499|50,939|
|In Memoriam|||||12,170|4,909|
|Trusts and Foundations|||||39000|39880|
|Unrestricted
income|||||~133516|~160769|
|Restricted income —donations:|||services provided|in kind|33,164|16,508|
|Restricted
income —regular||giving|||960|960|
|Restricted
income —legacies|||||4,000||
|Restricted
income —Statutory|||grants||3,000|1,550|
|Restricted
income —Trusts|and||Foundations||~104552|21903|
|Restricted
income|||||~145 676|40921|
|Total Donations
and Legacies|||||279 192||
|Investment
income
Bank deposit income|||||~3||
|Total income and endowments|||||~522 482||
##
##
|nnual
Report and Financial|nnual
Report and Financial|nnual
Report and Financial|nnual
Report and Financial|nnual
Report and Financial|Statements|Statements|for the year ended|31March 2022||
|---|---|---|---|---|---|---|---|---|---|
|Expenditure:
Raising donations|||||and legacies|||||
|Salaries||||||||33,898|29,385|
|National
Insurance
contributions||||||||2,405|1,980|
|Pension contributions||||||||1,060|1,016|
|Salaries —ex restricted|income|||||||1,669|4,474|
|External
Fundra ising costs||||||||48,046|10,771|
|Publicity||||||||8,925|3,953|
|Events expenses||||||||12,008|6,170|
|Purchases||||||||4 647|2 126|
|||||||||112658|59875|
|Charitable
activities||||||||||
|Salaries||||||||146,819|102,804|
|Salaries —ex restricted|income|||||||4,833|32,539|
|National
Insurance
contributions||||||||5,370|3,644|
|Pension contributions||||||||2,887|2,493|
|Rent, rates and water||||||||2,545|258|
|Insurance||||||||4,040|3,955|
|Light and heat||||||||7,972|4,184|
|Telephone||||||||2,217|2,474|
|Postage and stationery||||||||3,681|3,609|
|Sundries||||||||178||
|Cleaning||||||||8,538|4,168|
|Repairs and maintenance||||||||9,877|6,967|
|Repairs and maintenance||—ex restricted||||income||2,507|1,478|
|Health and safety||||||||74|1,909|
|Subscriptions||||||||1,071|978|
|Travel expenses||||||||186|42|
|Staff recruitment||||||||1,227|342|
|Bank charges||||||||2,109|993|
|Staff refreshments||||||||1,019|29|
|Staff uniforms||||||||60|126|
|Training||||||||457|762|
|Training —ex restricted|income|||||||653|900|
|Physical training
instructors||||||||67,371|51,985|
|Physical training
instructors|||—restricted|||||8,562||
|Restricted income
—Cardiologist|||||fees|||27,600|7,650|
|Health programme
expenses||||||||478|895|
|Course expenses||||||||140||
|ITcosts||||||||11,662|11,796|
|Loss on disposal ofassets||||||||41||
|Loss on disposal ofrestricted||||assets||||184||
|Provision
for bad debts||||||||1,050||
|Depreciation —tangible||assets||||||10,965|11,208|
|Depreciation
-tangible||assets||—on restricted|||assets|7,142|4,724|
|Depreciation —intangible||assets||||||190|240|
|Depreciation —intangible||assets|||—on restricted||assets|~1929|1239|
|||||||||~345 634|264 391|
|Support costs||||||||||
|Independent
Examiner's||fee||||||2,900|2,040|
|Bookkeeping
and payroll||fees||||||1,252|827|
|Legal fees —restricted||||||||5,064|8,358|
|Consultancy||||||||2 147|3643|
|Total resources expended||||||||11362
ms'|14868
~39134|
##
##
|for the year ended|31March 2021||||
|---|---|---|---|---|
|||2022|2021||
|||E||g|
|Net Income/(expenditure)||52,827|109,296||
|Unrealised
gain/(loss)|on Investments|~29910|~52|702|
|Net movement
in Funds||~82 737|~2||