##
##
|Trustees||C Christou||- Chairman||
|---|---|---|---|---|---|
|||A Keenan|—Treasurer|||
|||R Blanchard||||
|||B Nicholson||||
|||i Paterson||||
|||R N Nulty||||
|||A P Haworth||||
|||A Kirkham||||
|||R Dawson||||
|Charity number||1074571||||
|Company|number|03685477||||
|Company Secretary||JCronin||||
|Principal address||St.Albans|Road|||
|||St.Annes||||
|||Lancashire||||
|||FYB 1XD||||
|Registered|office|Unit 2, Olympic Court||||
|||Boardmans||Way||
|||Whitehills||Business Park||
|||Blackpool,||Lancashire||
|||FY4 5GU||||
|Auditors||Champion||Accountants|LLP|
|||Unit 2, Olympic Court||||
|||Boardmans||Way||
|||Whitehills||Business Park||
|||Blackpool,||Lancashire||
|||FY4 5GU||||
|Bankers||The Royal||Bank ofScotland||
|||26St Annes Road West||||
|||StAnnes Lancashire||||
|||FYB 1RN||||
##
##
|||Page|
|---|---|---|
|Report ofthe Trustees'
(including|the Strategic Report)|1-12|
|Independent
Auditors'
Report||13-15|
|Statement of Financial
Activities||16-17|
|Group Statement of Financial
Activities||18-19|
|Group and Charity 8alance Sheets||20|
|Group Cash Flow Statement||21|
|Notes to the Group Cash Flow Statement||22|
|Notes to the Financial Statements||23-39|
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|Current
financial
year||||||||Restricted|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Income|Total|Tolal|
||||||Notes||Funds
f|Fundsf|2021
f|2020
f|
|Incoming resources|||||||||||
|Incoming resources|from||generated||funds:||||||
|Voluntary
income:|||||||||||
|Donations
and legacies|||||||186,704|243,803|430,507|1,130,678|
|Activities for generating||funds:|||||||||
|Canteen sales|||||||5,915||6,915|131,216|
|Investment
income|||||||1 389||1,389|14,178|
||||||||194,008|243,803|437,811|1,276,072|
|Incoming resources|from||charitable activities:||||||||
|Activity centres|||||6||1,180,286|2,181,817|3,362,103|7,174,866|
|Community
facilities|||||5||131,100|118,337|249,437|933,014|
|Social housing|||||5||655,632|81,040|736,672|790,323|
||||||||2,161,026|2,624,997|4,786,023|10,174,275|
|Other income|||||||||||
|Coronavirus
lob Retention Scheme|||||||1,706,223||1,706,223||
|Total incoming
resources|||||||3,867,249|2,624,997|6,492,246|10,174,275|
|Costs of generating|funds:||||||||||
|Canteen cost ofsales|||||||173||173|20,321|
|Equipment
for resale|||||||1,334||1,334|53,677|
|Sub total cost ofgenerating||||funds|||1,507||1,507|73,998|
|Charitable
activities|||||6||3,639,886|2,425,797|6,966,683|9,440,349|
|Governance costs|||||6||12000||12000|11950|
||||||6||3,661,886|2,426,797|5,977,683|9,452,299|
|Total resources expended|||||||3,553,393|2,426,797|5,979,190|9,526,297|
|Net incoming/(outgoing)|||resources||for the||||||
|year before transfers|||||||313,856|199,200|613,066|647,978|
|Transfers between
funds|||||||||||
||||||||313,856|199,200|613,066|647,978|
|Other recognised
gains||and||losses|||||||
|Pension deficit loss/gain||re||changes|In assumptions||(33,245)||(33,246)|(8,306)|
|Gains on investments|||||||6,436||6,436|107|
|Net income/(expenditure)||||for the|||||||
|year/Net
movement|In|funds|||||287,046|199,200|486,246|639,779|
|Fund balances at 1April||2020|||||1,706,069|2,663,961|4,370,020|3,730,241|
|Fund balances at 31 March 2021||||||16|1,993,115|2,863,161|4,856,266|4,370,020|
##
##
##
|Prior financial year|||||||||Restricted||
|---|---|---|---|---|---|---|---|---|---|---|
|31March 2020|||||||Unrestricted||Income|Total|
|||||||||Funds|Funds|2020|
||||||||Notes|6|6|6|
|Incoming
resources|||||||||||
|Incoming
resources|from||generated|||funds:|||||
|Voluntary
income:|||||||||||
|Donations
and legacies|||||||3|34,996|1,096,682|1,130,678|
|Activities for generating||funds:|||||||||
|Canteen sales||||||||131,216||131,216|
|Investment
income|||||||4|14,178||14,178|
|||||||||180,390|1,096,682|1,2?6,072|
|Incoming
resources|from||charitable|||activities:|||||
|Activity centres|||||||6|6,849,972|324,894|7,174,866|
|Community
facilities|||||||6|291,917|641,097|933,014|
|Social housing|||||||6|777,447|12,876|790,323|
|Total Incoming resources||||||||8,099,726|2,074,649|10,174,276|
|~R*
dd|||||||||||
|Costs ofgenerating|funds:||||||||||
|Canteen cost ofsales||||||||20,321||20,321|
|Equipment
for resale||||||||63,677||63,677|
|Sub total cost ofgenerating||||funds||||73,998||73,998|
|Charitable
activities|||||||6|8,306,286|1,134,064|9,440,349|
|Governance
costs|||||||6|11,960||11,960|
||||||||8|8,318,236|1,134,064|9,462,299|
|Total resources expended||||||||8,392,233|1,134,064|9,626,297|
|Net Incoming/(outgoing)|||resources|||for the|||||
|year before transfers||||||||(292,607)|940,486|647,978|
|Transfers between
funds|||||||||||
|||||||||(292,607)|940,486|647,978|
|Other recognised
gains||and||losses|||||||
|Pension deficit gain re changes|||||In assumptions|||(8,306)||(8,306)|
|Gains on investments||||||||107||107|
|Net income/(expenditure)||||for|the||||||
|year/Net
movement|in funds|||||||(300,706)|940,486|639,779|
|Fund balances at 1April||2019||||||2,006,776|1,723,466|3,730,241|
|Fund balances at 31 March 2020|||||||16|1,706,069|2,663,961|4,370,020|
##
##
|Current
financial
year||||||||Restricted|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Income|Total|Total|
||||||||Funds|Funds|2021|2020|
|||||||Notes|f|f|f|f|
|Incoming
resources|||||||||||
|Incoming
resources|from||generated|||funds:|||||
|Voluntary
Income:|||||||||||
|Donations and legacies|||||||183,384|243,803|407,187|1,140,640|
|Activities for generating||funds;|||||||||
|Canteen sales|||||||5,916||6,916|131,216|
|Tradinglncome;|||||||||||
|lakeside Commercial|Income||||||180,822||180,822|273,897|
|Spa Income|||||||(9,716)||(9,716)|189,088|
|Ansdell arena|||||||16,706||18,708|58,931|
|Rent receivable|||||||2,817||2,617|2,856|
|Investment
income|||||||1,426||1,426|14,613|
|Incoming
resources|from||charitable|||activities:|||||
|Activity centres||||||6|1,180,288|2,181,817|3,362,103|7,174,886|
|Community
facgltles||||||6|131,100|118,337|249,437|933,014|
|Social housing||||||6|666,632|81,040|738,672|790,323|
||||||||2,328,173|2,624,997|4,963,170|10,708,044|
|Otherlncome|||||||||||
|Coronavlrus
lob Retention|||Scheme||||1,896,723||1,896,723||
|Total Incoming
resources|||||||4,223,896|2,624,997|6,848,893|10,708,044|
|Costs of generating|funds:||||||||||
|Cost ofsales|||||||2,832||2,832|175,528|
|Trading costs|||||||362,722||362,722|429,639|
|Sub total cost of generagng||||funds|||366,664||366,564|606,167|
|Charitable
activities|||||||3,639,886|2,426,797|6,986,683|9,440,349|
|Governance costs|||||||14,600||14,600|14,550|
||||||||3,664,486|2,426,797|6,980,283|9,454,899|
|Total resources expended|||||||3,910,040|2,426,797|6,336,837|10,060,066|
|Net incoming/(outgoing)|||resources|||for the|||||
|year before transfers||and||taxation|||313,868|199,200|613,068|647,978|
|Transfers between
funds|||||||||||
|Taxatlon|||||||||||
||||||||313,866|199,200|613,066|647,978|
|Other recognised
gains||and||losses|||||||
|pension
(deficit) /gain|re change||||In assumptions||(33,246)||(33,246)|(8,306)|
|Gains on investments|||||||6,436||6,436|107|
|Net Income/(expenditure)||||for the|||||||
|year/Net
movement|ln funds||||||287,046|199,200|488,248|839,779|
|Fund balances at 1April 2020|||||||1,706,069|2,683,961|4,370,020|3,730,241|
|Fund balances at 31 March 2021||||||16|1,993,116|2,883,161|4,866,266|4,370,020|
##
##
##
|FOR THE )rEAR E||N|DE|D|31MA|RCH 2027|||||
|---|---|---|---|---|---|---|---|---|---|---|
|Prior finandal
year|||||||||Restricted||
|31March 2020||||||||Unrestricted|Income|Total|
|||||||||Funds|Funds|2020|
||||||||Notes|6|f|6|
|Incoming resources|||||||||||
|Incoming
resources|from|||generated||funds:|||||
|Voluntary
income:|||||||||||
|Donations
and legades|||||||3|44,968|1,095,682|1,140,640|
|Transfer ofBlackburn||YMCA|||||||||
|Activities for generating|||funds:||||||||
|Canteen sales||||||||131,216||131,216|
|Tradingincome:|||||||||||
|Lakeside Commercial||Income||||||273,897||273,897|
|Spa Income||||||||189,688||189,688|
|Ansdeg arena||||||||66,931||66,931|
|Rent receivable||||||||2,856||2,856|
|Investment
Income|||||||4|14,613|1,096,682|14,613
~8, 2(|
|Incoming resources|from|||charitable||activities:|||||
|Activity centres|||||||6|6,849,972|324,894|7,174,866|
|Community
faclgtles|||||||6|291,917|841,097|933,014|
|Social housing|||||||6|777,447|12,876|790,323|
|Total incoming
resources||||||||8,633,495|2,074,649|10,708,044|
|Costs of generating|funds:||||||||||
|Cost ofsales||||||||175,528||176,628|
|Trading costs||||||||429,639||429,639|
|Sub total cost ofgenerating||||funds||||606,167||606,167|
|Charitable
activities|||||||6|8,306,286|1,134,084|9,440,349|
|Governance costs|||||||6|14,550||14,660|
||||||||6|8,320,836|1,134,064|9,454,899|
|Total resources expended||||||||8,926,002|1,134,064|10,060,066|
|Net Incoming/(outgoing)||||resources||for the|||||
|year before transfers||and||taxatlon||||(292,607)|940,485|647,978|
|Transfers between
funds|||||||||||
|Taxation|||||||||||
|||||||||(292,607)|940,486|647,978|
|Other recognised
gains|||and losses||||||||
|Pension degclt gain re||change|||In assumptions|||(8,306)||(8,306)|
|Gains on investments||||||||107||107|
|Net Income/(expenditure)||||for|the||||||
|year/Net
movement|In||funds|||||(300,706)|940,486|639,779|
|Fund balances at 1April|||2019|||||2,006,775|1,723,466|3,730,241|
|Fund balances at 31||March 2020|||||16|1,706,069|2,663,961|4,370,020|
##
##
||||Charity||Group|Group|
|---|---|---|---|---|---|---|
||||2021|2020|2021|2020|
|||Notes|8|6|6|5|
|Fixed Assets|||||||
|Tangible assets||11|7,109,192|7,258,188|7,120,230|7,259,486|
|Investments||2|91,878|85,443|91,879|85,442|
||||7,201,070|7,343,631|7,212,109|7,344,928|
|Current assets|||||||
|Stocks|||||||
|Debtors: amounts|falling due within||||||
|one year||12|884,124|1,169,486|843,147|1,113,399|
|Debtors: amounts|falling due after more||||||
|than one year|||||||
|Cash at bank and in hand|||1,943,051|823,624|2,013,259|964,679|
||||2,827,175|1,993,110|2,866,406|2,078,078|
|Creditors:|||||||
|Amounts
falling due within one year||13|856,307|1,378,361|896,577|1,464,626|
|Net current assets|||1,970,868|614,749|1,959,829|613,452|
|Total assets less current liabilities|||9,171,938|7,958,380|9,171,938|7,958,380|
|Creditors:|||||||
|Amounts
falling due over one year||14|4,209,862|3,496,082|4,209,862|3,496,082|
|Provision for liabilities|||||||
|Pension
liability|||105,810|92,278|105,810|92,278|
|Net assets|||4,856,266|4,370,020|4,856,266|4,370,020|
|Restricted funds||16and 17|2,863,151|2,663,951|2,863,151|2,663,951|
|Unrestricted
funds||16and 17|1,681,345|1,364,154|1,681,345|1,364,154|
|Designated
fund||16and 17|311,770|341,915|311,770|341,915|
|Total charity funds|||4,856,266|4,370,020|4,856,266|4,370,020|
##
##
||||Page|2021||2020||
|---|---|---|---|---|---|---|---|
|||||f||||
|Cashflows
from operating|activities|||||||
|Cash generated
from operations|||22||515,024||809,104|
|Investing
activities||||||||
|Interest received||||1,426||14,613||
|Interest paid||||(70,297)||(85,614)||
||||||(68,871)||(71,001)|
|Financing
activities||||||||
|New bank loan||||800,000||1,500,000||
|Purchase of tangible
fixed assets||||(188,656)||(2,164,214)||
|Sale/ (purchase)
offixed asset investments||||||65,000||
|New hire purchase
advance||||||71,325||
|Repayment
of hire purchase||||(8,917)||(22,289)||
|Repayment
ofbank loans||||||(35,124)||
|Net cash used in Investing|activities||||602,427||(585,302)|
|Net decrease
in cash and|cash equivalents||||1,048,580||152,801|
|Cash and cash equivalents|at beginnIng|ofyear|||964,679||811,878|
|Cash and cash equivalents|at end ofyear||||2,013,259||964,679|
##
##
|Reconciliation
ofchanges
in resources to|Reconciliation
ofchanges
in resources to|Reconciliation
ofchanges
in resources to|Reconciliation
ofchanges
in resources to|Reconciliation
ofchanges
in resources to|||||
|---|---|---|---|---|---|---|---|---|
|net cash Inflow from operating||activities|||||||
||||||||2021f|2020
F|
|Surplus
for the year|||||||513,056|647,978|
|Depreciation
and impairment
of|tangible||fixed assets||||327,912|337,832|
|Investment
income recognised|in|statement||of financial|activities||(1,426)|(14,613)|
|(Loss)/Gain
on pension scheme|valuation||||||(33,245)|(8,306)|
|Interest paid|||||||69,350|85,185|
|Hire purchase
Interest|||||||947|429|
|Movements
in working
capital|||||||||
|Decrease/(Increase)
in stocks||||||||13,612|
|Decrease/(Increase)
in debtors|||||||270,252|210,736|
|Increase/(Decrease)
in creditors|||||||(645,354)|(456,291)|
|Increase/(Decrease)
in pension|obligation||||||13,532|(7,458)|
|Net cash inflow from operating||activities|||||515,024|809,104|
|Analysis
of changes
In net funds|||||At|||At|
||||||1 April|Cash|Other|31 March|
||||||2020
E|Flows
E|Non-cash
E|2021
f|
|Cash at bank and
in hand|||||964,679|1,048,580||2,013,259|
|Loans falling due within one year||||||(77,304)||(77,304)|
|Loans falling due after more than||one year|||(3,464,877)|(?22,696)||(4,187,573)|
|Obligations
under finance leases|||||(49,035)|8,916||(40,119)|
||||||(2,549,233)|257,496||(2,291,737)|
##
##
##
|1.2|Going concern (continued)|||
|---|---|---|---|
||Whgst there is still some uncertainty
in relaUon
to lhe pandemic,
Ihe charily is in a slable posiUon and continues
to|||
||monitor cash flow and reserves to buikl up funds to meet obggstlons
going forward. The trustees
have been prudent||and|
||realistic
In their esgmatlons,
snd the reuslts
for the current perood exceed Iheir original budgets.|||
||The trustees therefore have a reasonable
expectation
that the charity can congnue
ln operational
existence
for Ihe|||
||foreseeable
future and It is therefore a going concern.|||
|1.3|Charitable
funds|||
||Unrestricted
funds are avagsble
for use at the discreUon ofthe Irustees
in furtherance
oftheir charitable
ob)ecUves unless|||
||the funds have been designated
for other purposes.|||
||Restdcted
funds are accounted
for In accordance
with the terms and condiUons
ofihe restricted
income received.|||
||Designated
funds comprise unresincted
funds that have been set aside by Ihe trustees
for pargculsr|purposes.||
|1.4|Incoming resources|||
||Income is recognised
when the charily is legally entiUed to it after any perfomance
condlUons
have|been mel, Ihe amounts||
||csn be measured
regably,
and it is probable
that income
wgl be received.|||
||Cash donations
sre recognised
on receipt. Other donagons
are recognised
once Ihe charity has been nogged ofihe|||
||donation,
unless performance
condglons
require deferral ofIhe amounL
Included
wghin donations|and legacies is the||
||sum of223,320(2020-211,538)receivable as s giR akl donsgon
from the trading
subsidiary
company.|||
||Legades are recognised
on receipt or otherwise
if the charily has been notified ofan Impending
distribuUon,
Ihe amount|||
||Is knovm,
and receipt is expected. Ifthe amount
is not knovm, the legacy is treated as a congngenl|assef.||
||Investment
income is accounted
for as and when receivable.|||
||Income from grants, sre recognised
when the charity has entiUement
to ihe funds, any performance|conditions
attached||
||to Ihe grants have been met, il is probable
thai the income
wgl be received and the amount can be|reliably measured|and|
||is not deferred.|||
||Other income, whkh indudes
subscrlpgons,
membership
charges, food and drink sales and rental|income, Is measured||
||at the fair value ofthe conslderagon
received or receivable, and represents
smounls
receivable
for goods and services,|||
||stated net ofVAT where sppgcable.|||
||Donsied goods and services are recognised as income when the charity has control over Ihe item,|any
condiUons||
||associated
viith the donated
item have been met, Ihe receipt ofeconomic benefit from the use by ihe charity of the item is|||
||probable
and that economic benefit can be measured
reliably.
In accordance
with ChsriUes SORP|FRS102,Ihe general||
||volunteer
time is not recognised.|||
##
##
|1|Accounting
policies (continued)||||||
|---|---|---|---|---|---|---|
|1.6|Resources expended||||||
||Expenditure
is recognised
once there is a legal or constructive
obligation
to make a payment
to|||a third party,|||
||it is probable
that the settlement
will be required
and the amount|ofthe obligation
can|be measured||reliably.||
||Expsndilure
is classified
under the following
activity headings:||||||
||-costs ofgenerating
funds comprise
ofthe costs ofcommercial|trading
by the subskliary
trading||company,|||
||food and drink costs ofthe charity and goods for resale at swimming
centres.||||||
||-expenditure
on charitable
activities Includes direct expenditure|on charitable
activities|snd their|associated|||
||support costs. Support costs are those functions
that assist the work ofthe charity but||do not directly||||
||undertake
charitable
activities. They include back office costs of|personnel,
telephone|and finance costs.||||
||The basis on which support costs have been agocated are set out in note 6.||||||
||—governance
costs include the statutory
audit costs.||||||
|1.6|Tangible fixed assets and depreciation||||||
||Tangible
fixed assets sre Initially measured
at cost and subsequently
measured
at cost or valuation,|||||net of|
||depreciation
and any impairment
losses.||||||
||Depreciation
is recognised so as to write off the cost or valuation|ofassets less their residual values||||over their|
||useful
lives on the following bases;-||||||
||Alterations
to leasehold
buildings
over|period of lease|||||
||Plant and machinery
25'yo/33.3% oii cost||||||
||Fixtures, fittings and equipment
10%on cost||||||
||The gain or loss arising
on the disposal ofan asset Is determined|as the difference between
the||sale||proceeds|
||and the carrying
value ofthe asset, and is recognised
in nst income/(expenditure)
for||the year.||||
|1.7|Impairment
offixed assets||||||
||At each reporting
end date, the charity reviews the carrying
amounts
of its tangible assets to determine||||||
||whether
there is any indicagon
that those assets have suffered
an impairment
loss. If||any such|indication|||
||exists, the recoverable
amount ofthe asset Is estimated
In order|to determine
the extent ofthe||impairment|||
||loss (ifany).||||||
||Recoverable
amount
is the higher of fair value less costs to sell|and value
in use. In assessing||value||in use,|
||the estimated
future cash ffows are discounted
to their present value using a discount||rate that|reflects|||
||current market assessments
ofIhe time value ofmoney and the|risks speclffc to the asset for which||||Ihe|
||estimates of future cash flows have not been adjusted.||||||
||Ifthe recoverable
amount ofan asset Is estimated
to be less than
Its carrying
amount,||the carrying
amount||||
||ofthe easel is reduced to its recoverable
amount.
An impairment|loss is recognised
immediately||in|income/||
||(expenditure)
for the year.||||||
##
||Accounting
policies (continued)||||
|---|---|---|---|---|
|L7|Impairment
of fixed assets||||
||Recognised
impairment
losses are reversed
if, and only if, the reasons for the Impairment
loss|have ceased|||
||to apply. Where an impairment
loss subsequently
reverses, the canying
smounl
ofthe asset Is increased|||lo|
||the revised
estimate of its recoverable
amount,
but so that the Increased
carrying
amount does not exceed||||
||the carrying
amount
that would have been determined
had no Impairment
loss been recognised|for the asset|||
||in prior years. A reversal
of an impairment
loss is recognised
Immediately.||||
|1.8|Stocks||||
||Stocks are valued at ihe lower ofcost and net realisable
value.
Cost is computed
on a first In first||out||
||basis.||||
|1.9|Cash and cash equivalents||||
||Cash and cash equivalents
include cash in hand, deposits
hekl st call with banks snd bank overdraffs.||||
||Bank overdraffs are shown
within
borrowlngs
in current gabgffies.||||
|1.10|Pensions||||
||Fylde Coast YMCA participated
in s muhi-employer
defined benefll pension
plan for employees|of|||
||YMCA's
in England,
Scotland and Wales, which was dosed to new members
and accrusls on|30|April||
||2007.The Plan's aduary has advised that it is nol possible to separately
klentify the assets and||||
||liabilities
relating
to Fylde Coast YMCA and therefore
the scheme
Is accounted
for as a defined||||
||contribution
scheme. As described
in note 19,Fylde Coast YMCA has a contractual
obggation|to make|||
||pension
deficit payments
of516,235 p,a, over the period to April 2029, and therefore
this is shown||as a||
||liability
in these accounts,||||
||Fylde Coast YMCA operates a defined
contribution
pension scheme for its current employees.||||
||Contributions
are charged
in the accounts as they become payable.||||
||Leases||||
||Leases are classiffed ss finance leases whenever
Ihe terms ofthe lease transfer substaniiaffy|ag|ihe risks||
||snd rewards ofownership
to the lessees. Ag other leases sre classified as operating
leases and charged||||
||against income on a straight
line basis over the lease term.||||
||Assets held under finance kisses are recognised ss assets at the lower ofthe assets fair value|at|the date||
||of inception
and the present value ofthe minimum
lease payments.
The related
liabgffy Is Included||In the||
||balance sheet as a finance lease obligation,
Lease payments
are Irealed as consisting
ofCapital||and||
||interest elements. The interest
is charged
to net expendffure
for the year so as to produce a constant||||
||periodic rate of interest on the remaining
balance ofthe gabglty.||||
|1.12|Financial Instruments||||
||The charity has ekrcted lo apply the provisions ofSection 11 Basic Financial
Instruments"
and|Section|||
||12"Other Flnandal
Instruments
Issues" ofFRS 102to ag its ffnancisl
instruments.
Financial
instruments||||
||are recognised
in the charity's
balance sheet when the charity becomes party to ihe contractual|provisions|||
||of the Instrument.||||
||Finsndal assets and liabilities sre offset, with ihe net amounts
presented
in the financial
slatemenls,||||
||when there is a legally enforceable
righi to set off the recognised
amounts
and
there is an Intenffon to||||
||setge on a net basis or to reaffse the asset and settle the liability simuffaneously.||||
||Basic financial assets||||
||Basic financial assets, which include debtors and cash and bank balances, are initlagy measured||st||
||transaction
price including
transaction
costs and are subsequently
carried at amortised
cost using||the||
||effective interest method
unless lhe arrangement
constitutes a flnandng
transadlon,
where the||||
||transaction
is measured
st the present value ofths future receipts discounted
at a market rate|of|Interest.||
||Financial assets classified as receivable
wffhin one year are not amorgsed.||||
||Basic financial
gabgltles||||
||Basic financial
4abgities,
including
credffors, are infflagy recognised
at transadion
price unless|the|||
||arrangemenl
constffutes a financing
transadion,
where the debt Instrument
Is measured
at the|present|||
||value ofthe future receipts discounted
at a market rate of InteresL Financial
liabilities classified|ss|||
||payable
within one year are not amortlsed. Trade credffors are obggstlons
to pay for goods or services||||
||that have been acquired
In the ordinary course ofoperations
from suppgers.
Amounts
payable|sre|||
||classified as current
gsbgitles
Ifpayment
Is due within one year or less. If nol, they are presented||as||
||non-current
gabgliies. Trade creditors are recognised
initially st transaction
price snd subsequenily||||
||measured
at amorffsed
cost using the effective interest method.||||
##
##
##
##
|Profit and Loss Account|Profit and Loss Account|Profit and Loss Account|Profit and Loss Account|Profit and Loss Account|||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||f|6|
|Turnover|||||||||190,430|544,872|
|Covld-19)RS||Claim|||||||189,500||
|Cost ofsales||||||||||101,530|
|Gross Profit|||||||||378,605|443,342|
|Administrative||expenses||||||||~432 239|
|Operating
Profit|||||||||23,283|11,103|
|Interest receivable|||||||||37|435|
||||||||||23320|11/38|
|Donation||||||||||~11P38)|
|Profit before||tax|||||||||
|Tax Charge|||||||||||
|Retained
in|subsidiary||||||||||
|The aggregate
ofthe assets, Rabgfties and||||||||funds were:|||
|Gross assets|||||||||168,661|182,456|
|Uabgltles|||||||||(158,550)|(182,455)|
|Furtds|||||||||I|1|
|Investments||other than||In||subsidiary|||||
|Movement|in market value||||||||2021|2020|
||||||||||f|f|
|Market Value b/fwd|||||||||86,442|150,335|
|Transfer
ln|at Market Value||||||||||
|Acquisitions||at cost|||||||||
|Disposal at|cost|||||||||(65,000)|
|Net gains on||revaluations|||In the year||||6,436|107|
|Va||||c||2021|||91,877|85,442|
|C||3|a|||2021|||75,000|~75 000|
|Analysis of|Investments||||between||funds||||
|||||||||Deafgnated|2021|2020|
|~ULeenvv~es||m~||||||f|f|f|
|UK Quoted|fixed Interest||||securities||||||
|~O~nes
lggg)2
UK Investment
Bonds||||||||91,877|91,877|~85442|
|||||||||91,877|91,877|85,442|
##
##
|3|Donations
snd legacies|||Charity|Charity|Group||||
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restrfcted|Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|2021|2020|
|||||f|f|f|f|f|f|
||Donations|||186,704|243,803|163,384|243,803|407,187|1,140,640|
|||||||||Restricted|1,095,682|
|||||||||Unrestricted|44,958|
|||||||||Total|1,140,640|
|4|Investment
Income|||Charity||Group||||
|||||Unrestricted|Restricted|Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|2021|2020|
|||||f|f|f|f|f|f|
||Interest received|||1,389|-|1,426||1,426|14,613|
||||||||||Unrestricted|
||Ag ofthe Investment
income arose in the|||UK.||||||
||Incoming
resources from charitable||activities|||||||
|||||||||Group|Group|
|||||||Unrestricted|Restricted|Total|Total|
|||||||funds|funds|2021|2020|
|||||||f|f|f|f|
||Activity Centres|||||||||
||Subscrlptions
and charges|||||104,638||104,638|1,980,975|
||Swimming
Charges|||||46,701||46,701|1,308,149|
||Management
Services|||||91,889||91,689|95,996|
||Memberships|||||661,781||661,781|2,611,109|
||Room hire|||||2,342||2,342|140,683|
||Grants received (Incl. Covid-19 Grants)|||||379,486|2,181,817|2,661,303|1,027,302|
||Other income|||||3,649||3,649|10,652|
||Totals for Activity Centres|||||1,180,286|2,181,817|3,362,103|7,174,866|
||Community
Faclgtles|||||||||
||Subscrlptlons
and charges|||||19,763||19,763|162,690|
||Chlldcare charges||||||||56,877|
||Grants received|||||96,762|118,337|216,099|670,406|
||Management
services|||||14,483||14,483|32,812|
||Service level agreements|re maintenance||&recharges|||||4,214|
||Room hire||||||||5+00|
||Other income|||||92||92|515|
||Totals for Community|Faclgtles||||||||
||goclal Housing|||||||||
||Jubilee Cottages||||||42,064|42,064|12,876|
||Housing provision|||||||168,662|246,495|
||Grants received||||||38,986|38,986||
||Empty Homes rent||||||||15,991|
||Rent/Housing
support|||||487,080||487,080|514,961|
||Totals for gochd Housing|||||666,632|81,040|736,672|790,323|
||Total Income from charitable activities|||||1,967,018|2,381,194|4,348,212|8,898403|
|||||||||Restricted|978,867|
|||||||||Unrestricted|7,919,336|
|||||||||Total|8,898,203|
##
|6|Total resources|Total resources|expended||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Basis of|Activity|Community||Social||Total|Total|
|||||agocatlon||cent%a||facgRies|Housing|Governance|2021|2020|
||Direct costs||||||||||||
||allocated to||||||||||||
||activities||||||||||||
||Staff costs|||Direct||2,947,368||121,636|339,267||3,408,246|4,970,847|
||Premises costs|||Direct||325,088||68,666|234,165||627,908|1,126,485|
||Travel|||Direct||6,668||447|1,967||7,962|45,033|
||Members'
ActMties|||Direct||43,433||1,191|6,837||60,461|372,233|
||Repairs &renewals|||Direct||485,304||19,606|68,476||673,386|694,454|
||Lakeside catering|||Direct||33,621|||||33,621|284,434|
||Telephone|||Direct||72,527||11,196|8,810||90,632|104,109|
||Advertising|||Direct||22 237|||||22,237|113A60|
||Stationery|||Direct||28,622||1,940|3,739||34,301|48,028|
||Irrecoverable|VAT||Direct||167,537||8,731|23,468||199,736|391,240|
||Audit Fee|||Direct||||||12,000|12,000|11,950|
||Equipment
Leasing|||Direct||88,991|||||86,991|177,035|
||Sundries|||Direct||4,062||431|4,487||8,980|20,524|
||Cleaning &waste disposal|||Direct||60,494||2,685|11,602|||120,223|
||Depreciation|||Direct||252,951||1,045|69,288||323,284|326,651|
||Cost ofraising
Loan interest|finance|||Direct
Direct|69,350|||||0
69,360|10,472
85,185|
||Hire purchase|Interest|||Direct|947|||||947|429|
||Professional|Fees|||Direct|62,636|||2,973||65,609|51,229|
||Support costs||||||||||||
||allocated to||||||||||||
||activities||||||||||||
||Staff Costs||||Time|163,011|||31,340||184,361|329,726|
||Premises costs||||Usage|62,870|||10,829||63,699|78,623|
||Travel||||Usage||||||0|102|
||Members'
Activities||||Usage|626|||128||753|3,036|
||Repairs Ik renewals||||Usa6e|249|||51||300|3,505|
||Telephone||||Usage|9,036|||1,850||10,886|13,297|
||Stationery||||Usage|2,908|||696||3,602|423|
||Cleaning &sundries||||Usage|739|||151||890|715|
||Professlonal|Fees|||Usage|28,062|||6,749||33,810|39,981|
||Depreciation||||Usage|1,651|||318||1,869|10,856|
||Bank Charges||||Usage|6,218|||1,273||7,489|17,914|
||Company
Total|||||4,903,979||237,471|824,233|12,000|6,977,683|9,452,299|
||Audit fee for|subsldkrry||||||||2,600|2,600|2,600|
||Group Total|||||4,903,979||237,471|824,233|14,600|6,980,283|9,454,899|
||||||||||Chartty||Group||
||Analysis
by|Fund|||||||2021|2020|2021|2020|
||||||||||E|E|F.|E|
||Unrestricted||||||||3,551,886|8,318,235|3,664,486|8,320,835|
||Restdcled||||||||2,426,797|1,134,064|2,426,797|1,134,064|
||||||||||6,977,683|9,452,299|5,980,283|9,454,899|
||Net Outgoing||Resources|for the Period|||||||||
||||||||||Charity||Group||
||Are stated after charglngr||||||||2021|2020|2021|2020|
||||||||||5|E|E|E|
||Operating
lease rentals||||||||86,991|177,035|86,991|179,437|
||Depreciation||||||||326,162|337,507|327,912|337,832|
||Costs ofstocks||recognised|as|an expense||||1,607|73,998|2,832|175,528|
||Auditors'
Remuneration|||||Audit services|||12,000|11,950|14,600|14A50|
|||||||VAT compliance|services||4,620|4,620|4,620|4,620|
||The Group audit remuneration||||Indudes fees for the subsidiary|||company audit of62,600(2020: E2,600I.|||||
##
##
##
##
||||Charity||Group||
|---|---|---|---|---|---|---|
||||2021|2020|2021|2020|
||||No.|No.|No.|No.|
|Management|and|administration|30|32|31|34|
|Operational|||263|490|269|517|
||||293|522|300|551|
|||Charity|Charity|Group|Group|
|---|---|---|---|---|---|
|Employment|costs|2021
f.|2020
E|2021
f|2020
f|
|Wages and salaries||3,349,304|4,934,540|3,668,980|5,251,508|
|Social security|costs|162,672|247,909|472,248|265,658|
|Pension costs||67,672|71,585|71,576|76,426|
|Staff training||13,062|46,540|13,052|47,538|
|||3,592,600|5,300,574|4,216,866|5,641,230|
##
##
|11|Tangible fixed assets ofthe charity||||||
|---|---|---|---|---|---|---|
|||Alterations|||||
|||to Leasehold||Fixtures,|||
|||Land and|Plant and|fittings &|Motor||
|||Bugdlngs|Machinery|equipment|vehicles|Total|
|||f|p.|8|f|f|
||At 1April 2020|10,378,848|1,499,651|7,015||11,885,514|
||Additions|168,750|7,406|||176,156|
||Disposals||||||
||At 31 March 2021|10,647,698|1,607,067|7,016||12,061,670|
||Depreciation||||||
||At 1Aprg 2020|3,276,858|1,347,880|2,588||4,627,326|
||On Disposals||||||
||Charge for the period|253,813|70,707|632||325,152|
||At 31 March 2021|3,630,671|1,418,687|3,220||4,952,478|
||Net book value||||||
||At 31 March 2021|7,016,927|88,470|3,795||7,109,192|
||At 31March 2020|7,101,990|151,771|4,427||7,258,188|
|||Alterations|||||
|---|---|---|---|---|---|---|
|||to Leasehold||Fixtures,|||
|||Land end|Plant and|flNings
&|Motor||
|||Bugdlngs
f|Machinery
f|equipment
f|vehicles
f|Total
f|
|Cost|||||||
|At 1April 2020||10A78,848|1,507,658|7,015||11,893,521|
|Additions||168,750|19,906|||188,656|
|Dis pose la
At 31 March|2021|10,647,598|1,627,664|7,015||12,082,177|
|Depreclagon|||||||
|At 1Aprg 2020||3,276,858|1,354,589|2,588||4,634,035|
|On Dlsposals|||||||
|Charge for the period||253,813|73,467|632||327,912|
|At 31 March|2021|3,630,671|1,428,066|3,220||4,981,947|
|Net book value|||||||
|At 31March|2021|7,016,927|99,608|3,796||7,120,230|
|At31March|2020|7,101,990|153,069|4,427||7,259,486|
|Included above are assets held under hire purchase contracts ss follows:|2021|2020||
|---|---|---|---|
||Phnt &|Plant|&|
||~ec Ine|~Mchlne||
|Cost|59,437||59,437|
|Deprechtion|29,718||14,859|
|Net BookValue|29,719||ll4,578|
##
##
##
##
##
|Debtors||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||Chadty||||Group|||
||||||||||2021||2020||2021||2020|
||||||||||E||E||f||E|
|Trade Debtors|||||||||600,108||444,009||649,666||468,075|
|Amounts
due from subsidiary|||||undertakings||||110,668||96,189|||||
|Other debtors|||||||||196,636||194,950||216,870||210,779|
|Oue from related party|||||||||41,267||407,107||41,267||407,107|
|Prepayments
and accrued|||income||||||36,446||27,231||36,446||27,438|
||||||||||884,124|1,169,486|||843,147|1,113399||
|Creditors: amounts||fafllng||due within one||||year|Charity||||Group|||
||||||||||2021||2020||2021||2020|
||||||||||f||E||f||E|
|Trade creditors|||||||||160,773||422,264||177,126||488,567|
|Iaxes and sodal security|||costs||||||87,823||127,265||94,197||133,907|
|Other creditors|||||||||302,700||535,103||302,700||535,103|
|Accruals and deferred||income|||||||219,876||275,899||227A19||289,219|
|Bank Loan|||||||||77,304||||77,304|||
|Hire purchase
advances|||||||||17,831||17,830||17,831||17,830|
||||||||||866,307|1,378,361|||898,677|1,464,626||
|Creditors: amounts||feglng||due after more||||than one year||||||||
||||||||||Charity||||Gl'cup|||
||||||||||2021||2020||2021||2020|
||||||||||f||E||f||E|
|Bank loan|||||||||3,454,238|3,464,877||3,454,238||3,464,877||
|CBII5 Loan|||||||||733,335||||733,335|||
|Hire purchase
advances|||||||||22,289||31,205||22,289||31,205|
||||||||||4,209,862|3,496,082||4,209,862||3,496,082||
|Amounts
due more|than||5years by insialments||||||3,254485|3,182,903|||3,154,585|3,182,903||
|The bank loan is repayable||||over 25years|||from March 2022, with interest
only payments
due up|||||||to that date||
|interest
ls charged|at 2.657||||over Bank of||England base rate.|||||||||
|The loan Is secured|by first|||legal charge over the leasehold interest||||||ln|the property,||and fixed and||floating|
|charges over ag the||assets and||||undertakings||ofthe charity and its||trading
subsidiary.||||||
|Financial
Instruments|||||||||Charity||||Group|||
||||||||||2021||2020||2021||2020|
|Carrying amount of||flnanclal||||instruments|||E||E||f||E|
|Debt Instruments|measured||||at amortlsed||cost||2,731,571||948,203||2,858,848||891,910|
|Equity Instruments|measured|||||at cost less||||||||||
|Impairment|||||||||1||1|||||
|Carrying
amount of||financial||||gabflltles||||||||||
|Measured at arnortised|||cost||||||4,649,402||1,CD6,403||4,689,706||1,072,707|
##
|18|Statement offunds ofcharity and group|Statement offunds ofcharity and group||||||
|---|---|---|---|---|---|---|---|
||Currentyesr|||Movement
In funds||||
||||Balance at|Incoming|Resources|Deprecla-|Balance at|
||||1 April|resourceef|expendedf|tlon tfr|31 March|
||||2020|transfers|transfers||2021|
||||E|E|E|E|E|
||General reserve||2364,154|3,859,426|(3,542,235)||1,681,345|
||Designated
fund|||||||
||Empty Homes - Fykle||10,025||(10,025)|||
||Eeet Lance transfer ofassets||326,890|7,824|(22,312)|(632)|311,770|
||R and equipment
maintenance|||||||
||provision|||||||
||Total unrestricted
funds||1,706,C69|3,867,250|(3,579472)|(632)|1,993,116|
||Restricted funds|||||||
||Lofthouse Development||13,859|||(13,859)||
||lakeside development||2,134,292|187,313|(187,313)|(22,079)|2,112,213|
||Lakeside Crowd Funding|||11,250|(8,055)||3,195|
||Harbors
Hotlse||11,020|14,796|(289)||26,627|
||Face to face|||8,400|(5,000)||3,400|
||Foyer||3,473|5,204|||8,677|
||Sandringham
Seafiekl Road||9,185|12,935|(12,935)||9,186|
||Fylde Counselling
Servke|Blackpool|24,200|4,230|(5,'725)||22,706|
||Fykle Housing
Donagon||10,371||(10,000)||371|
||Igfkham
Rural Splash|||49,547|(49,547)|||
||SL Annes
Pool|||135,434|(135,434)|||
||Dlssbgity
Fun Pod||1,855||||1,866|
||Llsa Wgks Fund||825||||826|
||Lakeside Bursary||1,773|1,873|(50)||3,696|
||Lancastef' fkmaUons||1,115||||1,116|
||Lancaster EHWB|||25,383|(15,340)||10,043|
||Mrs Pargngton
Fund||5,250||||6,260|
||Nagonwlde||49,000||(27,928)||21,072|
||Lancaster Reaching communities||57,000|40,861|(83,409)||14,462|
||Betty Sharpies
DanaUons||160||||160|
||Fykle Dgers||20571||(94)||10,477|
||Fylds Sharks||45,264|1,983|(472)||46,776|
||InnovaUon
Fund - Pelican|Rouge|5,834|49|||6,883|
||Innovation
Fund|||11,334|||11,334|
||Cardiac Rehab||20,000||(20,000)|||
||PDS Medkal|||24,800|||24,800|
||Sodal Housing
Charities|Trust||38,986|||38,986|
||Trl Sports - Wyre Wheels|||11,680|||11,680|
||Covkl-19 rates gfaffts|||95,000|(95,000)|||
||FBCextra Covid-1 9Supaort|||240,000|(240,000)|||
||WBC extra Covld-18 support|||1,661,885|(1,442,086)||219,799|
||~Link ~0~Ca l(6~un|||||||
||Jubgee Collage Trust||189,732||||189,732|
||Links
C|und||||||
||Jubgee Cottage Trust||69,172|42,054|(51,182)||60,044|
||||2,663,951|2,624,997|(2,389,859)|(35,938)|2,863,161|
##
##
|16|Statement of funds ofcharfly and group||||||
|---|---|---|---|---|---|---|
||Prior financial
year 31March 2020||Movement
ln funds||||
|||Balance at|Incoming|Resources|Deprecla-|Balance at|
|||1 Aprfl|resourcesl|expendedl|tlon ffr|31 March|
|||2019|transfers|transfers||2020|
|||E|E|E|6|8|
||Generalreserve|1,748,369|8,523,813|(8,908,028)||1,364,164|
||Desfgnated
fund||||||
||Empty Homes - Fykle|14,808|15,991|(20,774)||10,026|
||East Lance transfer ofassets|243,598|88,691|(4,767)|(632)|326,890|
||ITand equipment
maintenance||||||
||provision|||||6,000|
||Total unrestrkted
funds|2,0C6,775|8,633,495|(8,933A69)|(632)|1,706,069|
||Restrfcted funds||||||
||Lofthouse Development|79,952|||(66,093)|13,869|
||Lakeside development|1,406,385|749,986||(22,079)|2,134,292|
||Lofthouse Group (NNI) maJor repairs|73,522||(73,522)|||
||Herbe
w House|7,551|7,750|(4,281)||11 020|
||Fo'/sr|4,664|53|(1,244)||3,473|
||Ssndrlngham
Seageff Road|11,420||(2,235)||9,186|
||NCS|25,412|248,349|(273,761)|||
||Fylde CounseNlng
Senrlce Blackpool|26,456|17,674|(19,930)||24,200|
||Fykle Housing
Decagon|371|10,0CO|||10,371|
||Your Move - Acgve heahh|10,000|288,011|(298,011)|||
||FBCSpode development|2,917||(2,917)|||
||Klrkham
Rural Splash||46,024|(46,024)|||
||SLAnnes Pool||132,960|(132,960)|||
||Dissbgfly Fun Pod|2,440||(585)||1,866|
||Lies Wilks Fund|825||||826|
||Lakeside
Bursary|654|1,119|||1,773|
||Lancaster Youth Grani|33,684|3,840|(37A24)|||
||Lancaster
donagons||1,115|||1,116|
||Nagonal
Financial
MFL|300||(300)|||
||Lancaster EHWB|13,832|2,163|(15,995)|||
||Mrs Pargnglon
Fund|5,250||||6,260|
||Nagonwide||50,COO|(1,000)||49,000|
||Lancaster Reaching communldes||107,259|(50259)||67,000|
||Betty Sharpies
Donations||160|||160|
||Fylde DNers|9,481|9,762|(8,672)||10,671|
||Fylds Sharks||48,563|(3,299)||46,264|
||Lancaster BMS||22,014|(22,014)|||
||Besoil Ufeglmrd||29,396|(29,396)|||
||Splash Pad||2,500|(2,500)|||
||Innovation
Fund - Pelken Rouge|8,350|2,500|(5,016)||6,834|
||Cardiac Rehab||20,000|||20,000|
||Inked 0
Cs Ital Fun||||||
||JuMee CoNage Trust||189,732|||189,732|
||ed Cherl||||||
||Jubgee CoNage Trust||83,619|(14,447)||69,172|
|||1,723,466|2,074,549|(1,045,892)|(88,172)|2,663,961|
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|17|Analysis ofthe charity's|Analysis ofthe charity's|Analysis ofthe charity's|Analysis ofthe charity's|net assets|between|funds||||
|---|---|---|---|---|---|---|---|---|---|---|
||CurrentYear|||||||Unrestricted|Restricted|Total|
|||||||||Funds|Funds||
|||||||||6|E||
||Fund balances at31||March 2021are||||||||
||represented
by:||||||||||
||Tangible fixed assets|||||||963,177|6,157,053|7,120,230|
||Investments|||||||91,879||91,879|
||Current Assets|||||||2,597,133|259,273|2,868,406|
||Creditors: amounts|faglng due within||||one year||(867.,495)|(35,082)|(896,677)|
||Creditors;amounts|faglng due after one year||||||(691,769)|(3,518,093)|(4,209,862)|
||Provisions for liabilities|||and charges||||(105,810)||(106,810)|
||At 31 March 2021|||||||1,993,115|2,863,151|4,668,263|
||Prior year: 31March|||2020||||Unrestricted|Restricted|Total|
|||||||||Funds|Funds||
|||||||||E|E||
||Fund balances at31March 2020 are||||||||||
||represented
by:||||||||||
||Tangible fixed assets|||||||1,202,472|6,057,014|7,269,486|
||Investments|||||||85,442||86,442|
||Current Assets|||||||1,784,088|293,990|2,078,079|
||Creditors: amounts||faglng due within|||one year||(1,273,655)|(190,971)|(1,464,626)|
||Creditors:amounts||faglng due after|||one year|||(3,496,082)|(3,496,082)|
||Provisions for llabgltles||||and charges|||(92,278)||(92,278)|
||At 31 March 2020|||||||1,706,069|2,663,951|4,370,02D|
|At 31March|2021the company|had|total minimum,|total minimum,|lease payments|due|under non-cancegable|operating
leases||
|---|---|---|---|---|---|---|---|---|---|
|as fogows:||||||||||
||||Land|and|Bugdlngs|||Other||
||||||2021||2020|2021|2020|
||||||E||E|E|E|
|Expiry date:||||||||||
|In one year||||30,450|||30,450|108,187|233,875|
|ln two to Ave|years|||48,438|||58,188|23,092|96,195|
|In over hve years||||17,600|||22,500|||
|Pension and|other post-regrement||benefit commitments|||||||
|Degned contribution||||||||2021|2 20|
|Contributions|payable by the g|roup|for the year|||||71,576|76,426|
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||||||REPAYABLE||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Within|1-2|2 - 5|After|5|After
&|TOTAL|TOTAL|
||||||one year
F.|years
E|years
F|years|f|one year
f|2021
f|2020
f|
|As|at|31|March|2021|16,764|16,261|45,914|26|,871|89,046|105,810||
|As|at|31|March|2020|16,272|15,783|44,567|15,657||76,007||92,279|
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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||Funds|Funds|2021|
|||f|f|f|
|Tangible|Fixed Assets||||
|Net Current Assets|||249,776|249,776|
||||249,776|249,776|