## ## |Trustees||Jon Keating||||| |---|---|---|---|---|---|---| |||Martin
Nield||||| |||Chris Easton||||| |||Daniel Clark||||| |||Jacqueline
Moores||||| |||Julian Sexton||||| |||David Wadsworth||||| |||Denise Ward|||(Appointed|1 August 2020)| |||Michaela Bowker|||(Appointed|29 September| ||||||2021)|| |Secretary||David Weakley||||| |Charity number||1074808||||| |Company|number|03531443||||| |Registered|office|Ken Ward Sports|Centre|||| |||Hattersley
Road|East|||| |||Hattersley||||| |||Hyde||||| |||Cheshire||||| |||SK14 3NL||||| |Auditor||Chadwick
&Company||(Manchester)|Limited|| |||Chartered
Accountants||||| |||Statutory Auditors||||| |||Capital House||||| |||272 Manchester|Road|||| |||Droylsden||||| |||Manchester||||| |||M43 6PW||||| |Bankers||The Co-operative|Bank|Pic||| |||1 Market Place||||| |||Ashton-under-Lyne||||| |||Lancashire||||| |||OL6 6DL||||| |Solicitors||Pannone
& Partners||||| |||23 Deansgate||||| |||Manchester||||| |||M3 2BU||||| ## ## |||Page| |---|---|---| |Trustees'
report||1-6| |Statement
of trustees'|responsibilities|| |Independent
auditor's|report|8-11| |Statement
offinancial|activities|12| |Balance sheet||13| |Statement
ofcash flows||14| |Notes to the financial|statements|15-31| |The following
pages|do not form part ofthe statutory|accounts| |Proforma Balance Sheet||32| |Detailed Statement
of|Financial Activities|33-34| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---|---|---| ||||||funds|funds|2021|2020| |||||Notes|E|f|6|6| |lgggnmfmm;
Charitable
activities|||||9,762,973||9,762,973|12,823,055| |Investments|||||476,000||476,000|499,000| |Total Income|||||10,238,973||10,238,973|13,322,055| |Eltgggdiigotgm||||||||| |Charitable
activities||||5|10,189,383|634,813|10,824,196|13,223,169| |Net Income/(expenditure)||for|the year/|||||| |Net incoming/(outgoing)||resources|||49,590|(634,813)|(585,223)|98,886| |Other recognised|gains|and|losses|||||| |Actuarial
(loss)/gain
pension schemes|on defined||benefit||(3,499,000)||(3499 000)|930000| |Net movement
in funds|||||(3,449,410)|(634,813)|(4,084,223)|1,028,886| |Fund balances at 1 April||2020|||(2,858,281)|2,468,326|(389,955)|(1,418,841)| |Fund balances at|31 March 2021||||(6,307,691)|1,833,513|(4,474,178)|(389,955)| ## ||||||2021|2020| |---|---|---|---|---|---|---| |||||Notes|f|f| |Fixed assets||||||| |Tangible assets||||10|3,437,308|4,811,116| |Current assets||||||| |Stocks||||11|15,025|20,035| |Debtors||||12|1,097,398|725,138| |Cash at bank and||in|hand||877,855|395,788| ||||||1,990,278|1,140,961| |Creditors:|amounts||falling due within|13||| |one year|||||(1,538,559)|(1,777,859)| |Net current|assets/(liabilities)||||451,719|(636,898)| |Total assets less||current liabilities|||3,889,027|4,174,218| |Creditors:|amounts||falling due after|14||| |more than|one year||||(2,850,205)|(2,796,173)| |Provisions|for liabilities|||16|(5,513,000)|(1,768,000)| |Net liabilities|||||(4,474,178)|(389,955)| |Income funds||||||| |Restricted|funds|||||| |Tangible assets|||||1,833,513|2,468,326| ||||||1,833,513|2,468,326| |Unrestdcted|funds||||(6,307,691)|(2,858,281)| ||||||(4,474,178)|(389,955)| ## ## ## |||||2021||2020| |---|---|---|---|---|---|---| ||||Notes|||9| |Cash flows from operating||activities||||| |Cash generated
from operations|||22||406,332|1,391,239| |investing|activities|||||| |Purchase|oftangible
fixed assets|||(14,395)||(1,042,401)| |Net cash|used in investing|activities|||(14,395)|(1,042,401)| |Financing|activities|||||| |Repayment|of borrowings|||90,130||107,711| |Net cash
activities|generated
from financing||||90,130|107,711| |Net Increase in cash and||cash equivalents|||482,067|456,549| |Cash and|cash equivalents|at beginning|ofyear||395,788|(60,761)| |Cash and|cash equivalents|at end of|year||877,855|395,788| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Ig
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C|| ## ## ## |investments||||||| |---|---|---|---|---|---|---| ||||||Unrestricted|Total| ||||||funds|| ||||||2021|2020| ||||||F|f| |Net interest|on defined
benefit pension scheme||||476,000|499,000| |Charitable|activities|||||| ||||||2021f|2020
f| |Staff costs|||||5,281,276|5722 808| |Pensions|||||1,006,770|1,268,499| |Coaching
Cost oftrading
Fitness suite expenses|||||216,839
33,488
170,250|374,595
375,929
239,863| |Rent, heat,|light and water||||774,447|1,278,768| |Premises
repairs and maintenance
Staff training|||||499,306
41,000|762,975
69,812| |Depreciation
Depreciation
Depreciation|ofleasehold
property
refurbishment
of lT and general
equipment
offootball pitches||||1,155,287
191,929
40,987|953,960
221,156
40,987| ||||||9,411,579|11,309,352| |Support costs (see note 6)
Governance
costs (see note 6)|||||1,400,117
12,500|1,901,317
12,500| ||||||10,824,196|13,223,169| |Analysis
by fund
Unrestricted
funds|||||10,189,383|12,842,151| |Restricted
funds|||||634,813|381,018| ||||||10,824,196|13,223,169| ## ## ## ## |6|Supportcosts|Supportcosts|||||||| |---|---|---|---|---|---|---|---|---|---| |||||||Support|Governance|2021|2020| |||||||costs|costs||| ||||||||f||| ||Insurance|||||88,099||88,099|99,138| ||Cleaning|||||51,726||51,726|82,076| ||Legal and|professional||||90,188||90,188|105,656| ||Travelling|expenses||||255,333||255,333|438,081| ||Telephone,|post and carriage||||33,650||33,650|34,047| ||Printing
and stationery|||||13,726||13,726|17,048| ||Marketing|||||133,431||133,431|223,388| ||Bank charges
and interest|||||35,282||35,282|75,643| ||Bank loan|interest and|charges|||90,130||90,130|107,712| ||Cash collection service|||||1,741||1,741|16,485| ||Sundry expenses|||||85,811||85,811|145,043| ||Finance costs|||||521,000||521,000|557,000| ||Audit||||||12,500|12,500|12,500| |||||||1,400,117|12,500|1,412,617|1,913,817| ||Analysed
Charitable|between
activities||||1,400,117|12,500|1,412,617|1,913,817| |7|Auditor's|remuneration|||||||| ||The analysis of auditor's||remuneration||is as follows.||||| |||||||||2021f|2020| ||Audit ofthe company's||annual|accounts||||12,500|12,500| ## ## ## ## ## |
The average|
monthly
number
ofemployees
during the y|ear was:|| |---|---|---|---| |||2021|2020| |||Number|Number| |Operational||392|399| |Management|and administration|35|50| |||427|449| |Employment|costs|2021|2020| |||6|5| |Wages and salaries||4,993,549|5,408,987| |Social security costs||287,727|313,821| |Other pension costs||1,006,770|1,268,499| |||6,288,046|6,991,307| |||2021|2020| |---|---|---|---| |||Number|Number| |570,001|—F80,000|1|1| ## ## ## |10|Tangible|fixed assets|||||| |---|---|---|---|---|---|---|---| |||||Leasehold|Football|ITand general|Total| |||||pl'openy|pitches|equipment|| |||||refurbishment|||| |||||F|||| ||Cost||||||| ||At 1 April|2020||10,026,888|1,119,740|3,585,665|14,732,293| ||Additions|||||14,395|14,395| ||At 31 March 2021|||10,026,888|1,119,740|3,600,060|14,746,688| ||Depreciation
and Impairment||||||| ||At 1 April|2020||6,788,396|996,777|2,136,004|9,921,177| ||Depreciation
charged||in the year|912,541|40,987|434,675|1,388,203| ||At 31 March 2021|||7,700,937|1,037,764|2,570,679|11,309,380| ||Carrying
amount
At 31 March 2021|||2,325,951|81,976|1,029,381|3,437,308| ||At 31 March 2020|||3,238,492|122,963|1,449,661|4,811,116| |11|Stocks||||||| |||||||2021|2020| |||||||E|E| ||Finished|goods and goods for resale||||15,025|20,035| |12|Debtors||||||| |||||||2021|2020| ||Amounts|falling due|within one year:|||E|E| ||Trade debtors|||||162,218|138,936| ||Other debtors|||||2,353|29,780| ||Prepayments
and accrued income|||||932,827|556,422| |||||||1,097,398|725,138| ## ## ## |13|Creditors: amounts|falling due within one year||| |---|---|---|---|---| ||||2021f|2020f| ||Debenture
loans||716,097|679,999| ||Other taxation
and social security||94,460|56,884| ||Trade creditors||92,051|648,242| ||Other creditors||93,219|109,152| ||Accruals and deferred|income|542,732|283,582| ||||1,538,559|1,777,859| |14|Creditors: amounts|falling due after more than one year||| ||||2021f|2020
f.| ||Debenture
loans||2,850,205|2,796,173| |15|Loans and overdrafts|||| ||||2021
f|2020f| ||Debenture
loans||3,566,302|3,476, 172| ||Payable within one year||716,097|679,999| ||Payable after one year||2,850,205|2,796,173| ## |Provisions|for liabilities|Notes|2021f|2020
F| |---|---|---|---|---| |Retirement|benefit obligations|17|5,513,000|1,768,000| ||||5,513,000|1,768,000| ## ## ## ## ## ## |Key assumptions|Key assumptions|||||||| |---|---|---|---|---|---|---|---|---| ||||||||2021|2020| ||||||||0/|0/| |Discount rate|||||||2.1|2.4| |Expected rate|ofincrease ofpensions||||in payment||2.5|1.6| |Expected rate|ofsalary||increases||||2.5|1.6| |Mortality assumptions||||||||| |The assumed|life expectations|||on retirement||at age 65are:||| ||||||||2021|2020| ||||||||Years|Years| |Retiring today||||||||| |- Males|||||||20.1|20.3| |- Females|||||||22.9|22.9| |Retiring
in 20
- Males|years||||||21.0|21.5| |-Females|||||||24.5|24.6| |Amounts
recognised||in|the profit and||loss account:|||| ||||||||2021f|2020| |Current service cost|||||||982,000|1,277,000| |Net interest on defined|||benefit|liability|||45,000|58,000| |Total costs|||||||1,027,000|1,335,000| ## ## ## |17|Retirement
benefit schemes|Retirement
benefit schemes|||||||||(Continued)| |---|---|---|---|---|---|---|---|---|---|---|---| ||Amounts
taken to other|comprehensive|||income:||||||| |||||||||||2021|2020| |||||||||||E|f| ||Return
on scheme assets excluding|||interest income||||||3,764,000|890,000| ||Actuarial
changes
related to obligations|||||||||(7,263,000)|1,763,000| |||||||||||(3,499,000)|2,653,000| ||The amounts
included|in the|balance||sheet|arising|from|the|the trust's||| ||obligations
in respect of|defined|benefit||plans are as follows:||||||| |||||||||||2021|2020| |||||||||||f.|f.| ||Present value ofdefined|benefit|obligations|||||||29,895,000|21,333,000| ||Fair value of plan assets|||||||||(24,382,000)|(19,565,000)| ||Deficit in scheme|||||||||5,513,000|1,768,000| ||Movements
in the present value||of dehned
benefit obligations:||||||||| ||||||||||||2021| ||Liabilities at 1 April 2020||||||||||21,333,000| ||Current service cost||||||||||982,000| ||Benefits paid||||||||||(427,000)| ||Contributions
from scheme members||||||||||223,000| ||Actuarial
gains and losses||||||||||7,263,000| ||Interest cost||||||||||521,000| ||At 31 March 2021||||||||||29,895,000| ||The defined benefit obligations||arise|from plans||funded|as follows:||||| ||||||||||||2021| ||||||||||||f| ||Wholly unfunded
obligations||||||||||| ||Wholly or partly funded|obligations|||||||||29,895,000| ||||||||||||29,895,000| ## ## |17|Retirement|benefit schemes|||||(Continued)| |---|---|---|---|---|---|---|---| ||Movements|in the fair value of plan assets:|||||| ||||||||2021f| ||Fair value of|assets at 1 April 2020|||||19,565,000| ||Interest income||||||476,000| ||Return on plan assets (excluding||amounts|included|in net interest)||3,764,000| ||Benefits paid||||||(427,000)| ||Contributions|by the employer|||||781,000| ||Contributions|by scheme members|||||223,000| ||At 31 March|2021|||||24,382,000| ||The fair value of plan assets at the reporting|||period|end was as follows:||| |||||||2021|2020| |||||||f.|| ||Equity instruments|||||17,555,040|13,500,000| ||Debt instruments|||||2,925,840|2,935,000| ||Property|||||1,706,740|1,370,000| ||Cash|||||2,194,380|1,760,000| |||||||24,382,000|19,565,000| ## ||||Movement|fn funds||||| |---|---|---|---|---|---|---|---|---| |||Balance at|Incoming|Outgoing|Balance at|Outgoing||Balance at| |||1 April 2019|resources|resources|1 April 2020|resources|31|March 2021| |||E|E|E|E|E||f.| |Restricted|funds|1,834,165|1,015,179|(381,018)|2,468,326|(634,813)||1,833,513| ## ## ## |19|Analysis ofnet assets between|funds||||| |---|---|---|---|---|---|---| |||||Unrestrictedf|Restricted
f|Total
f| ||Fund balances at 31 March 2021|are represented|by:|||| ||Tangible assets|||1,603,795|1 833,513|3,437,308| ||Current assets/(liabilities)|||451,719||451,719| ||Long term liabilities|||(2,850,205)||(2,850,205)| ||Provisions
and pensions|||(5,513,000)||(5,513,000)| |||||(6,307,691)|1,833,513|(4,474,178)| ## ||2021|2020| |---|---|---| ||f|| |Within one year|142,673|162,103| |Between two and five years|141,100|137,045| ||283,773|299,148| ## |The remun|eration
ofkey management
personnel
is as|follows.|| |---|---|---|---| |||2021f|2020
f| |Aggregate|compensation|295,591|221,166| ## ## ## ## ||and Great Academies
|Trust.|Again no advantage
is gained from these|Again no advantage
is gained from these|links.|| |---|---|---|---|---|---|---| ||The Trust is under the|control|ofthe directors.|||| |22|Cash generated
from|operations|||2021
6|2020f| ||(Deficit)/surplus
for the|year|||(585,223)|98,886| ||Adjustments
for:|||||| ||Depreciation
and impairment||oftangible|fixed assets|1,388,203|1,216,102| ||Difference between
pension||charge and|cash contributions|246,000|516,000| ||Movements
in working|capital:||||| ||Decrease
in stocks||||5,010|25,149| ||(Increase)/decrease
in|debtors|||(372,260)|94,059| ||(Decrease)
in creditors||||(275,398)|(558,957)| ||Cash generated
from|operations|||406,332|1,391,239| ## ## ## |23|Analysis ofchanges
In net (debt)/funds|Analysis ofchanges
In net (debt)/funds|||| |---|---|---|---|---|---| ||||At 1 April 2020|Cash llowsAt
F|31 March 2021
f| ||Cash at bank and|in hand|395,788|482,067|877,855| ||Loans falling due|within one year|(679,999)|(36,098)|(716,097)| ||Loans falling due|after more than one year|(2,796,173)|(54,032)|(2,850,205)| ||||(3,080,384)|391,937|(2,688,447)| ## ## |FOR THE YE|A|R ENDED 31MA|RCH 2021||| |---|---|---|---|---|---| ||||2021|2020|| |Fixed assets|||||| |Tangible assets|||3,437,308||4,811,116| |Current assets|||||| |Stocks|||15,025|20,035|| |Debtors|||1,097,398|725,138|| |Cash at bank and|in|hand|877,855|395,788|| ||||1,990,278|1,140,961|| |Creditors: amounts||falling due within|||| |one year|||(1,538,559)|(1,777,859)|| |Net current
liabilities|||451,719||(636,898)| |Total assets less|current liabilities||3,889,027||4,174,218| |Creditors: amounts||falling due after|||| |more than one year|||(2,850,205)||(2,796,173)| |Net liabilities|||1,038,822||1,378,045| |Income funds|||||| |Restricted
funds|||||| |Tangible assets|||1,833,513|2,468,326|| ||||1,833,513||2,468,326| |Unrestricted
funds|||(794,691)||(1,090,281)| ||||1,038,822||1,378,045| ## ## |FOR THE YEAR E|ND|ED|31MARCH|2021|| |---|---|---|---|---|---| |||||2021|2020| |INCOMING RESOURCES||||E|f| |Incoming
resources from|charita||ble activities||| |Management
fee||||1,077,000|1,403,000| |Facility contributions|||||1,015,179| |Public health contributions||||710,503|193,148| |Job retention
scheme grants||||1,960,701|| |Insurance
receipt||||2,267,000|233,000| |Bank interest received||||2|6| |Swimming||||137,955|1,898,564| |School use||||548,338|572,266| |Health suites||||(5)|23,351| |Squash||||1,685|12,708| |Other courts etc||||7,155|89,999| |All weather
pitches||||49,243|137,642| |Fitness suite||||550,747|2,654,876| |Total adrenaline||||(2,848)|197,962| |Gymnastics||||347|356,598| |Climbing
and caving||||786|311,951| |Other activities||||2,438,830|3,014,617| |Bar and catering charges||||2,971|522,976| |Sports goods and badges||||5,181|132,034| |Vending
machine
royalties||||7,382|53,178| |Total Incoming resources||||9,762,973|12,823,055| |RESOURCES EXPENDED|||||| |Charitable
activities|||||| |Wages and social security||||5,281,276|5,722,808| |Pensions||||1,006,770|1,268,499| |Coaching||||216,839|374,595| |Cost of trading||||33,488|375,929| |Fitness suite expenses||||170,250|239,863| |Rates, heat, light and water||||774,447|1,278,768| |Premises
repairs and maintenance||||499,306|762,975| |Staff training||||41,000|69,812| |Depreciation
of leasehold|property||refurbishment|1,155,287|953,960| |Depreciation
of IT and general||equipment||191,929|221,156| |Depreciation
offootball pitches||||40,987|40,987| |||||(9,411,579)|(11,309,352)| ## ## ||2021|2020| |---|---|---| |Governance costs||| |Auditors'
remuneration|(12,500)|(12,500)| |Supportcosts||| |Management||| |Insurance|88,099|99,138| |Cleaning|51,726|82,076| |Legal and professional|90,188|105,656| |Travelling
expenses|255,333|438,081| |Telephone,
post and carriage|33,650|34,047| |Printing
and stationery|13,726|17,048| |Marketing|133,431|223,388| |Bank charges and interest|35,282|75,643| |Bank loan interest and charges|90,130|107,712| |Cash collection service|1,741|16,485| |Sundry expenses|85,811|145,043| ||(879,117)|(1,344,317)| |Finance||| |Expected return
on pension scheme assets|521,000|557,000| |Interest on pension scheme|(476,000)|(499,000)| ||(45,000)|(58,000)| |Total resources expended|(10,348,196)|(12,724,169)| |Net Income I(expenditure)|(585,223)|98,888|