2023-03-31-accounts - Tameside Sports Trust

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Tfllstees	Jon Keating
	Martin Nield
	Chns Easton
	Daniel Clark
	Jacqueline Moores
	Julian Sexton
	David Wadsworth
	Michaeta Bowker
	Phil Brown			(Appointed	21 June 2023)
Charity number	1074808
Company number	03531443
Registered oNce	Ken Ward Sports	Centre
	Hatterslsy Road	East
	Hattarsley
	Hyde
	Cheshire
	SK143NL
Auditor	Chadwick &Company		(Manchester)	Limited
	Chartered Accountants
	Statutory Auditors
	Capital House
	272 Manchester	Road
	Droylsdsn
	Manchester
	M43 6PW
	The Co-operative	Bank	Pic
	1 Market Place
	Ashton-under-Lyne
	Lancashire
	DL6 6DL
Solicitors	Pannone 8 Partners
	23Deansgate
	Manchester
	M3 2BU

Trustees' report		1-8
Statement of trustees'	responsibigltles
Independent auditor's	report	10-13
Statement of financial	activities
Balance sheet		15
Statement ofcash flows		16
Notes to the gnancial	statements	17-34
The foBowlre pages	do not form part ofths statutory accounts
Detaged Statement of Rnarelal Activities

			Unmsbicted	Restricted	Tots I	Total
		Notes	funds	funds 6	2023 f	2022 6
Income fiom: Charitable activities Investments		3 4	14,f03,643 789,000		14,103,643 789,000	11,356,345 5'I8,000
Total income			14,892,643		14892 643	11 S74'345
~gsndltum~ Charitable activities		5	18,037,034	634,602	18,671,636	14,752,660
Net expenditure forthe Nst outgoing resources	yesrt		(3,144,391)	(634,602)	(3778,993)	(2,878,315)
Other recognised gains	and losses
Actuarial gain on dellned schemes	benefit pension		11,225,000		11,225,000	3,587,000
Net movement in funds			8,080,609	(634,802)	7,446,007	708,885
Fund balances at 1 Apnl	2022		(4,984,193)	1,198,700	(3,765,493)	(4,474,178)
Fund balances at 31 Igarch 2023			3,116,416	564,098	3,6S0,514	(3,765,493)

					Notes	2023	2022 f
Rxed assets
Tangible assets
Current assets
Stocks					12	34,215	39218
Debtors					13	'l,671,748	1,032,559
Cash at bank and ln hand						123,441	890,881
						1,829,404
Creditors:	amounts	falling due		within	14
one year						3,883,681	2,055,774
Net current	fiabifitlss					(2,054,277)	(93,116)
Total assets less current liabilities						(795,323)	2,029,869
Creditors:	amounts	falling due		after
more'than	one year				16	(2,960,163)	(2,902,362)
Provisions	for liabilities				17
Net assets	excluding		pension	surplus/(deficit)		(3,755,486)	(872,493)
Dsfined benefi pension			surplus/(deficfi)		18	7,436,000	(2,893,000)
Net assets/(ltabiMes)						3,680,514	(3,765,493)
The funds	ofthe the	trust
Restricted	income funds					564,098	1,198,700
UnrsstriaM	funds					(4,319,584)	(2,071,193)
Pension reserve						7,438,000	(2,893,000)
						3,680,514	(3,765,493)

			2023
		Notes		6
Cash flows from operating actlviges Cash absorbed by operations				(221,892)		(17,665)
Investing scfivitles Purchase oftangible fixed assets			(597,689)
Nef cash used in investing	activities			(597,6bgl
Financing acttvities Repayment ofboirowlngs			52,121		71,836
Net cash generated from financing activities						71,638
Net (decrease)ftncrease in equivalents	cash and cash			(787,440)		13,026
Cash and cash equivalents	at beginning	ofyear				877,855
Cash and cash equivalents	atend ofyear

							Unrestricted	Total
							funds
								2022
								8
Net	interest	on	defined	benefit	pension	scheme	789,000	518,000

			2023	2022
Staffcosts			7,323,057	8,020,130
Pensions			1,554,132	1,677,300
Coaching Cost oftrading			557,700 564,123	238,579
Pttness suite expenses			527,453
Rent, heat, light and water			1,928,513	1,357,573
Premises repairs and maintenance			999,862	885,540
Adult social care costs			1,046,672
Stalt'training			88,315	79,022
Depredation ofleasehold property refurbishment Depreciation of ITand general equipment Depredation offootball pitches			956,877 463,834	902,877 411,604 40,987
Profit on disposal oftangible	fixed	assets	(83,875)
			15,965,652	12,638,324
Support costs (ses note 6) Governance costs (see note	6)		2,687,434 18,500	2,101,838 12,500
			18,671,636	14,752,880
Analysis by fund Unrestricted funds Restricted funds -general			18,037,034 634,802	14,117,647 634,813
			18,671,636	14,752,660

6	Support costs		Support	Governance	2023	2022
			costs	costs
	Insurance Cleaning Legal and professional Travelling expenses Telephone, post and carriage Printing and stationery Marketing Bank charges snd interest Bank loan interest and charges Cash collection service Sundry expenses Finance costs Audit		120,180 93,661 172,154 677,717 25,985 26,052 284,874 117,798 52,121 26,241 208,701 882,000	18,500	120,180 93,861 172,154 677,7'1 7 25,985 26,052 '284,874 117,798 52,121 26,241 208,701 882,000 18,500	91,981 88,113 86,353 483,399 40,230 18,731 321,199 65.315 71,636 6,811 186,088 642,000 12,500
			2,687,484	18,500	2.705,984	2,114,336
	Analys ed between Charitable activities		2,687,~	18,500	2,705,984	2,114,336
7	Auditor's remunerafion
	The analysis of auditor's remuneration	isas follovrs:			2023f	2022f
	h' annalaccoun	ts			18,500

The average	monthly number ofemployees during the ye	ar was:
		2023	2022
		Number	Number
operafiotisl		476
Management	and administmtion	35
		511
Emptoymsnt	costs		2022
Vfagss and salaries		6,965,151	5,689,879
Social security costs		357,906	330,251
Other pension coats		1,554,131	1,677,300
		8,877,188	7,697,430

		2023	2022
		Number	Number
670,001	-%80,000		1
f80,001	- 590,000

11	Tangible fixed assels		Leasehold	Footbag ITsod general	Footbag ITsod general	Total
			property	pitches	onul potent
			rsfurblshrusnt
			6
	Cost At 1 April 2022 Additions		10,026,888 229,089	1,1'i9,740	3,641,005 368,580	14,787,633 597,669
	At 31 March 2023		10,255,977	1,1'i9,740	4,009,585	15,385,302
	Depreclagon and impairment At 1 Aprg 2022 Depreciation charged in the year		8,603,614 95B,877	1,078,751 40,989	2,982283 463,834	12,664,648 1,481,700
	At 31 March 2023		9,560,491	1,119,740	3,446,117	14,126,348
	Carrying amount At 31 March 2023				563,468	1,258,954
	At31 March 2022		1,423,274	40,989	658,722	2,122,985
12	Stocks				2023	2022
						6
	Rnished goods and goods for resale				34,215	39,218
13	Debtors				2023
	Amounts falgng due	wfthtn one year.			6
	Trade debtors Other debtors Prepayments and accrued income				1,246,960 4,118 420,670	876,507 2,446 353,606
					1,671,748	1,032,559

14	Creditorst	amounts	falling due within one year
				2023	2022
				6	6
	Debenture	loans		729,896	735,578
	Other taxation and sodal security			272,110	136,665
	Trade creditors			911,699	460,493
	Other creditors			418,638	109,825
	Accruals and deferred		in'cams	1,551,338	613,215
				3,883,881	2,055,774
15	Creditors:	amounts	falling dve after more than one year
				2023	2022
				6	6
				2,960,163	2,902,362
18	Loans and	overdrafts
				2023	2022
					6
	Debenture	loans		3,690,059	3,637,938
	Payable within one year			729,896	735,578
	Payable after ans year			2,960,183	2,902,362
	Amaunts Induded above which fall dus after five yeann
	Payableb	instalments		131,000	131,000

ble over perio of 1,95'k.	ds between se	ven and ten
Notes	2023f	2022f
		2,893,000

Key assumptions				2023	2022
				0/	O/a
Discount rats Expected rate of increase ofperisfons Expected rate ofsalary increases		in payment		4.85 2.85 4,91	3.00 3.00
Mortality sssumpfic ns Ths assumed life expectafions	on retirement		atage 65are:	2023	2022
				Yearn	Years
Retiring today -Males - Females				20.6 22.7	20.2 23.0
Retiring in 20years -Males - Females				20.3 24.6	21.2 24.7
Amounts recognised In the profit and		loss account		2023
Current service cost Net interest on defined benefit	liability			1,717,000 93,000	1,640,000
Total costs				1,810,0M	1,764,000

Retirement benefit schemes								(Continued)
Amounfs taken to other comprehensive		income:
							2023	2022f
Return on scheme assets exduding	interest income						(296,000)	1,889,000
Actuarial changes related to obligations							11,521,000	1,698,000
							11,225,000	3,587,000
The amounts lnduded in the balance			sheet	eds/ng	from	the the trust's
o5igafions in respect ofdefined benefit plans are as follows:
								2022
								5
Present value ofdefine benefit obfigations							21,062,00Q	30,268,000
Fair value ofplan assets							(28,498,000)	(27,375,000)
(Surplus)/defidt in scheme							(7,436,000)	2,893,000
Movements ln the present value ofdefined			benefit obligafions:
								2023f
Lialitiss at 1 April 2022								30268,000
Current service cost								1,717,000
Benefits paid								(547,000)
Contribution from scheme members								263,000
Actuadal gains and losses								(11,521,0QQ)
illtel'est cost
At 31 March 2023								21,062,000
The dsflned benefit obligations arise	from plans funded				as fdlows:
								2023f
Whofiy urrfunded obligations Wholly or partly funded obligations								21,062,000
								21,062,000

Redrement benefit schemes					(Continued)
Movements in the fair value ofplan assets:					2023
Fair value of assets at 1 Aprii 2022 Interest income Return on plan assets (exduding amounts Senefits paid Contributions by the employer Contributions by scheme membem	Induded		in net interest)		27,375,000 789,000 (298,000) (547,000) 9'l4,000 263,000
At 31 March 2023					28,498,000
The fair value ofplan assets atthe reporting		period	end was as follows:	2023
				f.
Equity Instruments .Debt Instruments Property Cash				19,378,640 4274,700 2,564,820 ~79,840	18,888,750 3,558,750 2,190,000 2,737,500
				28,498,000	27,375,000

The restri subject to	ted uns o cay p specigc conditions by donors as	to how they may be used.
		At 1April 2022 f.	Resources expended f	At 31 March 2023 f
Restricted	funds	1 198700	(634602)
Previous	year,	Atri April 2021f	Resources expended f	At 31 March 2022 F
Restricted	funds	1,833,513	(634,813)	1,198,700

essee At the reporting end date the the trust had outstanding under non-cancellabls operating leases, which fall due as	commitments for future minimum lease follows.	payments
	2023	2022
	6
Within one year Between two and five years	60,072	81,028 60,072
	60472	141,100

24	Cash generated from operations		2023	2022f
	Defidt forthe year		(3778 993)	(2 878315)
	Adjustments for. Depreciation and impairment oftangible Bxed assets DIfference between pension charge and cash contributions		1,481,700 896,000	1,355,269 967,OOO
	Movements in worldng capital: Decrease/Oncrease) in stocks (Increase)/decrease In debtors Increase in creditors		5,003 (639,189) 1,833,587	(24,193) 497,735
	Cash absorbed by operations		(221,892)	(17,665)
25	Analysis ofchanges in net(debt)/funds	At 1Aprll asaa	Cash rlowsAf	31 inarch M23
			8	6
	Cash at bank and in hand	890,881	(767,440)	123,441
	Loans falling due within one year Loans falling dus after more than one year	(735,578) (2,902,362)	5,880 (57,801)	(729,896) (2,980,183)
		(2,747,057)	(819,581)	(3,566,618)

FOR THE YEAR EIIIDED	2023
	2023	2022
INCQIIING RESOURCES	6	6
Incoming resources from charitable activldss
Management fee		927,000
Public health contributions	222,199	645,379
Job retention scheme grants		174,538
Swimming	2,408,854	1,824,515
School use	549,342
Health suites	30,987	16,831
Other courts etc	104,925	64,847
All weather pitches	208,870	172,706
Fitness suite	3,475,991	2,635,073
Gymnastics Climbing and caving	308,808 211,425	221,129 149,856
Adult social care	1,276,558
Other activities	3,575,835	3,581,888
Barand catering charges Sports goods and badges Vending machine royalties	517,785 174317 55,745	329,945 103,377 37,653
Total Incoming resources	14,103,643	11,356,345
RESOURCES EXPENDED
Charitable ac5vtties Wages and sodal security Pensions Coaching Cost oftrading Fitness suite expenses Rates, heat, light and water Premises repairs and maintenance	7,323,057 1,554,132 557,700 584,123 527,453 1,928,513 999,862	6,020,130 1,677,300 655,562 238,578 369,350 1,357,573 885,540
Adult social cars Staff training	1,046,B72 86,315	79,022
Profit on disposal ofassets Depreciation of leasehold property refurbishment Depreciation ofITand general equipment Depreciation offootball pitches	(83,875) 956,877 483,834 40,989 {15,985,652)	902,677 411,604 40,987 {12,638,324)