## ## |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| ## ## |18|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| ## ## ## |18|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|31 MARCH|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)| ## ##