BARNSLEY PREMIER LEISURE CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 COMPANY REGlSnlATION NUMBER 03790143 CHARrrY NUMBER 1076681 •ABISR T75* 13112r2tr22 ¢OklPANIES HOUSE A18 #195 GibsonBooth LTO Chartered Accountants. Business Advisers & Statutory Auditor 12 Victoria Road Barnsley South Yorkshire S70 2BB BARNSLEY PREMIER LEISURE CONTENTS OF THE CONSOLIDATED FINANCIAL sfATEMENTS YEAR ENDING 31 MARCH 2022 CONTENTS PAGE Trustees, Secretary and Professional Advisers The Trustees. and Strategic Report 3-14 Independent Auditor< Report to the Member5 15-19 Con501idated Staternent of Finanoal Artivities 21>21 Consolidated & Charity Balance Sheet 22 Consolidated Cash Flow Statement 23-24 Notes to the Financial Statements 2544 BARNSLEY PREMIER LEISURE TRUSTEE'S. SECRETARY AND PROFESSIONAL ADVISERS YEAR ENDED 31 MARCH 2022 REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADV150RS The Trustees, who are also directors of the Charity for the purposes of the Cornpanies Act, are pleased to present their annual report ond the audited financial statements for Ihe year ended 31 March 2022. PRINapAL & REGISTERED OFFI The Metrodome Leisure Complex. Queens Road. Queens Ground. Barnsley* S71 IAN. REGISTERED NUMBERS Registration Number Registered Charity Number Trading Company Registration Number 037￿143 1076681 0377%48 DIREcfoRS & TRUSTEES The Directors of the Charitable Company (the Charity) are its Trustees for the purpose of Charity law and throughout this report are collectively Teferied to as the Trustees. The Trustees serving during the year and ￿Thce the year end were as follows: Appointed 17.02.06 16.12.11 17.02.06 29.06.07 21.11.05 27.09.06 30.10.15 24.02.17 24.02.17 21.06.19 15.06.21 08.04.22 08.04.22 08.04.22 02.09.22 Re-appointed Resigned Su￿Group 22.12.17 16.12.16 03.12.21 16.12.16 22.09.21 11.12.15 11.12.15 16.12.16 22.12.17 Alan Methley Andrew Skiffin8ton Barrie Betton Denise Pozorski lan Taylor Valerie Mills Barry Dolan Andrew Ainsworth Ben McFee Cllr Sarah Tattersall Pauline Mccorthv Simon Warren Julie Slatter Miles Lloyd Cllr James Hi88inbottom 02.10.22 15.06.21 31.05.22 The Trustees bring a vast range of experiences and expertise to bear: these include competencies in the voluntary and community sector, education. legal and accountanqi. Heath. Safety and compliance, private enterprise and local government. Mrs Valerie Mi51s is the current chairperson and is an ex officio member on the HR sub group. i) 21 3) Finance sU￿group HR sub-group Task and finish group Chair lan Taylor Chair Valerie Mills - Chair Andrew Ainsworth BARNSLEY PREMIER LEISURE TRUSTEE'S, SECRETARY AND PROFESSIONAL ADinsERS YEAR ENDED 31 MARCH 2022 Appointed Resigned COMPANY SECRETARY Mrstephen Lodge 22.10.09 DIREcfoRS OF BARNSLEY PREMIER LEISURE TRADING LTD. Alan Methley Barrie Betton David Petherbridge Nigel Webber Steve Wragg Valerie Mills D'enise Pozorski 28.02.08 16.06.06 25.11.08 24.11.06 23.09.08 26.04.13 24.07.19 22.09.21 21.07.21 09.03.22 Mrs Denise Pozorski is the current chairperson and provides support as a member of the HR sub-group and Task and Finish Group. for appropriate projects under review in the case of the latter. COMPANY SECREfAftY Mr Stephen Lodge 22.10.09 EXECUTIVE GROUP Appointed Resigned rim Wilson IDecea5edl Chief Executive 01.09.10 01.06.22 Michael Hirst Deputy Chief Executive 01.06.22 Chief Executive 16.11.22 Finance Manager 16.01.17 HR Manager 20.03.17 Bassetlaw Contracts Manager 27.06.16 Barnsley Contracts Manager 27.06.16 Regional Contracts Manager 27.06.16 Safety. Health, Environment and Quality Manager 27.06.16 Lindsey Churchill Ronald Erskine Glyn Davies Joni Millthorpe Tom Galvin Michael Daly AUDITORS Gibson Booth Limited Chartered Accountants & Registered Auditors 12 Victoria Road, 8arn51ey S70 28B BANKERS Barclays Bank 10-18 Queens Street Unit2 Barnsley S70 ISJ 50LICITORS MKB Solicitors LLP 1-11 Hudder5field Road. Barnsley 570 2LP BARNSLEY PREMIER LEISURE THE TRUSTEES, AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2022 YEAR ENDED 31 MARCH 2022 STRUCTURE, GOVERNANCE & MANAGEME14T Governlng document Barrksley Premier Leisure is a Charitable Company Limited by Guarantee and was incorporated on 10 June 1999 and registered with the Charity Commission 22 July 1999. It Is governed by its Memorandum and Articles of Association. Board structwe and decision proce55 The Board of Trustees, which can have up to fifteen members. administer the Charity. As part of a continuing full governance review the Board adopted the strurture of specialised sub-groups linked to full Board for final ratification on non-delegated items. At present there are two main sub Eroups, covering Finance and Human Resources but with ad-hoc third Task & Finish and forth Pension 5ub*roup for special items. The day-to-day operational management decisions are executed by the Chief Executive and his Executive Management Team, but the overall control and strategic focus remains with the Trustees through sub groups and bi-monthly Board meetings. for which relevant information is presented within the Board papers. The agreed management deosions are then implemented Wbthin the group through the operational and administratwe units. Appointment and reapF)ointment of Trusttts Barnsley MBC may appoint one person as a Trustee and may remove or replace any person it appoints. The Council's nominated Trustee is not subject to retirement by rotstion. At every general meeting one-third of the Trustees are subjert to retirement by rotation or, if their number is not three or a multiple of three. the number nearest one-third shall retire from office: but, if there is only one Trustee subject to retirement by rotation. helshe shall retire. The Trustees to retire by rotation are the longest serving in office by either their last appointment or reappointment. Trustees, retiring by rotation shall be deemed to be reappointed unless the re501ution is lost or it is resolved not to fill the vacancy. New Trustee5 over 18 years okl may be eligible for appointment rf either by retommended by the Trustees or proper notice is given by ordinary resolution. Trustee induction arKI training policy & procedure The Charity's policy is to ensure that all Trustees are appropriately trained for their role, therefore all new Trustees under80 a full induction process to brief them on their legal obligations under Charity and company law: the Sub group and decision-making processes, the busines5 plan and re￿nt financial performance of the Charity. Trustees are encouraged to attend appropriate extemal and internal training. BARNSLEY PREMIER LEISURE ThE TRUSTE£S' A14D STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2022 YEAR ENDED 31 MARCH 2022 Group structure The 8roup comprises two companies. Bamsley Premier Leisure IBPLI and Barnsley Prern￿r Leisure Trading Limited. The Parent holdin8 company. Barn51ey Prernier Leisure is a social enterprise that is limited by guarantee ' and is a150 a registered Charity- Barnsley Premier Leisure Trading Limited is the Charitls wholly owned trading subsidiary that carries Out the norfharitsble activities and covenants its tsxable profits yearly to the Charity, in support of its objectives. The financial statements of the Group incorporate both the Charity and Trading activities. The company operates a number of leiwre sites under contracts from Bamsley Metropolitan Council and Bassetlaw District Council as well as two further sites which are not under council contracts. Barnsley Premier Leisure Tradin8 Ltd This company provides 5UPPOrt for BPL by operating the trading activities ancillary to BPL. Summary financial results can be found on page 29. Related parties and parlnershlps The Charity has continued to work pro-aCtWe￿ with its main partners Bamsley Metropolitan Borough Council and Bassetlaw Distrirt Council. Successful projects and inttiatives that continue to be developed as a result of our partnership approach with other organisations, with joint working Continues to be strong involving Barnsley MBC, Northern College, Barnsley College, Barnsley and Rotherham Chamber of Commerce. South West Yorkshire Partnership NHS Foundation Trust, Community Partnerships, Baf nsley H05Pital. Publit Hea￿h and Clinical Commissioning Groups. The Charity has representation on a number of groups. forums and partnership5,' With the aim to improve health within the borough. The Charity continues to develop various partnerships wtth Barnsley MBC'S Department5 and Groups including working with Places directorate which included the Sport team to deliver the Sports and Active Recreation Strategy and as a member of the Acttve In Barn5￿Y Partnership {Al61- We have worked and continue to work with the Barn51ey MBCS Sports Development Team. Sport England, Yorkshire Sport and various Sports Gi)veming Bodies including the Swim England, Swim Teachers Association, Northern Athletrcs, British Gymnastics. Royal Life Saving soc￿ty. Community Leisure UK. UK Active. CIMSPA and many more UK sporvs governing bodies. We have also strengthened partnership link5 Within the Bassetlaw contract whith intlude, Bassetlaw DC, Nottinghamshire County Council, Swim England, BDC Sports Development, Primary Care Trust. Royal Life Saving Society, North Notts College and the County Sports Partnership. We aim to support local arKI government initiatives underpinning the development of services for the benefit of Ihe wider community particularty in the areas of health. sport and physbcal artivity. OBJEcfivES & AcrvmES The overall Charitable objects of the company as detailed in the Memorandum & Articles of Association are to provide or assist in the provision of facilities for recreation or other leisure time occupation for the general public in the interests of social welfare. BARNSLEY PREMIER LEISURE THE TRusfEES' AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2022 YEAR ENDED 31 MARCH 2022 PUBUC BENEFIT BPL 15 a fee charging enterprise for the services to the beneficiaries. However, the pricing policy is managed to ensure that the economically and socialty deprived obtain greater discounts on the activity range through the Local Authorities Leisure card arrangements. In addition. the Charity offers p￿ferential rates to clubs. societies, and groups and for other similar charitie5 to widen the impart of the objectives. This ensures that the opportunities for people from all parts of the community are maximised and that BPL can maintain its CharIta￿e object above. in support of the mission statement below for Social inclusion. MISSION STATEMENT "Working together to enrich live srRATEGIC PLANNINGIOBJEcfivES The overall objettive is sUPPOrted by our strategic model. which shows how we create value for our teams, customers and communities. Our strategic model continually revolves around our customers who are the heart of everything we do. The companws bU￿nesS and action plans are focussed on the achievement and delivery of our three strategic priorities relating to: Working as one Customer devotion Efficient and effertive grovrth Each year the management team develop the sites and support departments strategies for executive management team approval. for which each item is linked to the key priority above. The executive management team. link the approved strategies together with the corporate aims for the forthcoming year to produce the overall Business Plan and aspirations for Board approval. Novigating a way through the Coronavirus pandemic. recovery and the subsequent economic fallout post Covid. was withovt doubt the overriding objective of last year. The main challenges included- A shortage of skilled labour for The cost of living crisis and impact therefore on consumer spending Supplier price increases due to rising inflation Rising national minimum wages and the related pressures brought around grade drift 5. Supply chain pressures and scarcity of products at afft)rdable prices Securing additional financial support from our key partners Barnsky M8C and Bassetlaw DC Monitoring the Hybrid Working Policy. communicatin8 With hybrid and home workers using our Wellbeing Champions Developing a frame work to support staff mental health experiencing challenges in the Current economic environment and adapting to a post The Charity has availed itself of Paragraph 3 131 of schedu￿ 4 of the Companies Act and adapted the Companies Art formats to reflect the special nature of the Charity's actNities. No separate SOFA has been Presented for the Charity alone as permitted by the Compan￿5 Act 2CK)6 and paragraph 397 of the SORP. {bl Funds General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general obiective5 of the Charity and which have not been designated for Other purposes. Restrirted funds are fund5. which a￿ to be used in accordance with specific restrictions imposed by donors, or which have been raised by the Chartty for particular purposes. The c05t of raising ond administering such funds a￿ charged against the Specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income and gains are allocated to the appropriate fvnd. 25 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMEpirs YEAR ENDED 31 MARCH 2022 ACCOUNTING POLICIES Coned (c) Income Recognltion" All incoming resources a￿ included in the Ststement of Financial Activities ISOFAI when the charity is legally entitled to the income after any performance conditions have been met. the amount can be measured reliably and it is probabbe that the income will be received. Deferred Income Income received in the year which relates to the future performance of an activity or event is considered defer￿d income and carried fonvard to the following year. Choritoble troding ortivitie5 The income from tradin8 activities represents amount receNable in the year. excluding value added tax where applicable. Gronts ond other income receivoble Income from grants, including tapital grants. rs included in incoming resources when these are receivable and allocated appropriately between unrestrirted and restricted income depending upon restrictions imposed. Interest reteivoble Interest is included when ￿Cer¥able by the Charity. (d) Expenditure Retognltion Resources expended are accounted for on an accrual basis and have been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources. Support costs indude control funrtions and have been allocated to activity costs categories on a basis consistent with the use of resour￿5. Other Costs include those incurred in the governance of the Charity and its assets and are primarily associated with constitutional and statutory requirements. Non recoverable VAT is included a5 a support cost in the SOFA instead of re-allocation to actual expenses. Irrecoverable VAT relating to asset additions is capitalised and depreciated over the life of the corresponding asset. 26 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022 ACCOUNTrNG pouaES Cont'd le) Tangible Fixed Assets Tangible fixed a55ets are stated at cost or valuation less accumulated dep￿CiatIon and accumulated impaiment losses. Cost includes costs dirertly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed a55ets at rates calculated to write off the c05t of an asset, less its estimated residual value over the useful economic life of that asset as follows- Land & buildings Fixtures. equipment and IT Leasehold property improvernents Inflatable equipment Motorvehicles 4% straight line IO% to 33% Straight line IO% straight line 50% straight line 20% 5traiEht line If) Investments Investments in subsidiarie5 are measured at cost less impairnient. Ig) Stocks Stocks are stated at the lower of cost and estimated selling price le55 Costs to complete and sell. Cost includes all costs of purchase. costs of conversion and other costs incurred in bringing 5to¢k to its present location and condition. Cost is calculated using the first-in. first-out fom)ula. Provision is made for damaged. obsolete and sbw-moving stock where appropriate. (h) Provislons Provisions are reco8nised vthen the charity has an obligation at the balance sheet date as a result of a past event. it is probable that an oufflow of economic benefits will be required in settlement and the amount can be reliably estimated. Il) Leases Assets acquired under finance leases are capitslised and deprecvated over the s￿rter of the lease term and the expetted useful life of the asset. Minimum lease payments are apportioned between the finance charEe and the reduction of the outstanding lease liability using the effectNe interest method. The related obligations. net of future finance charges. are included in creditors. Rentals payable and receivable under operating leases are charged to the SOFA on a straight-line basis over the period of the lease. 27 BARNSLEY PREMIER LEISURE NOTES TO THE FINANaAL STATEMENfs YEAR ENDED 31 MARCH 2022 ACCOUIITING pouaES Cont'd li) Pension costs The group operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable. The group also operates two defined benefit plans for the benefit of its employees. Liabilities for the chariffs obligations under the plans are recognised net of plan assets. The net change in the net defined benefit liabilitie5 are recognised as the cost of the defined benefit plans during the period. Pension plan assets are measured at fair value and the defined benefit obligation5 are measured on an actuarial basis using the projected unit rnethod. Actuarial valuatKins are obtained at least trtennially and are updated at each balan￿ sheet date. Ik) Tax The charity 15 an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to Pa55 the tests set out in Paragraph I Schedule 6 Finance Art 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. 11) Going concern The financial statements have been prepared on a Boing COn￿M basis as the trustees believe that no material uncertainties emlst. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is suffKient with the level of reser4es for the charity to be able to continue as a goin8 concern. Im) DebtOTS and creditots re¢eiv•blÈ I payable wlthln one year Debtors and creditors with no ststed interest rate and receNable or payable within one yeor are ￿corded al transartion price. Any losses arising from impairrnent are ￿cOgniSed in expenditure. In) Loans and borrowlngs Loans and borrowings are initially recogni5ed at the transaction price including transartion costs. Subsequently, they are measured at amortised cost using the effective interest rate method. le55 impairment. If an arrangement constitutes a finance transaction it is measured at present value. (o) SignifKant Judgements and Estimates The significant judgements and estimates used in the preparation of the financial statements a￿.. i) The defined benefit pensions schemes operated by the Trust are included in the financial statements at a valuation detemiine by independent artuaries. The assumptions used are detailed in note 8 of the financial statements There are no other key assumptions concerning the fvture and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year. 28 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022 SUBSIDIARY COMPANY The Charl￿S wholly owned subsidiary Barnsley Premier Leisure Trading Ltd. incorporated in England, undertake5 leisure tradin8 services. The Company gift aids its profts to Bamsley Premier Leisure. The sub5idr4ry has been consolidated on a line by line basis in the SOFA. Audited accounts are filed with the Registrar of Companvés. A summary of its trading results Is shown below: 2022 2021 Prollt and L055 Account Turnover 2,001,435 609.133 Cost of sales 806 692 165 027 Gross Profit 1.194.743 444,106 Interest receivable 12551 138 Administrative expenses 932 727 221,079 1488,4831 Other operating income 277 611 Net profitlllossl before taxation 229.929 1210,872} Taxation Net Profit after taxation 229.929 1210.872} Gift aid to B.P.L. Icharityl Retsined in subsidiary 205.337 1210,872) Fund balances brought forward at l April 2021 167 456 Fund balances carried f0Th￿rd at 31 March 2022 Aggregate amount of assets. liabilities and funds was: 202Z 2021 Assets 354.785 254,242 Liabilities 316 903 421698 Funds {including £1 share capital) 29 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022 OTHER INCOMING RESOURCES Unrestricted Restricted Desiznated Funds Funds. Funds Totsl 2022 Totsl 2021 Furlough grants receivable Sport England Leisure recovery grants Bassetlaw costs reimbursement Covid support gfants Other CCG grants 148,225 148.225 2.489.900 750,000 143.750 426.530 45,621 182,S70 532.028 97.749 131838 182,570 532,028 97,749 131838 CHARITABLE AcfiviTES Unrestricted Restrirted Deslgnated Funds Funds Fund$ Totsl 2022 Total 2021 Costs of activities in furtherance of the Charity's objects- Wages and salaries Light, heat, water and ￿fuSe Sports equipment, pool and property maintenance 5.054,988 1.294,456 65.982 5,120.970 1.294,456 5.712,812 1.023.935 1203 915 1203 915 7 508 694 Support Costs: Wages and salaries Cleaning and clothing Telephone. office and computer expenses Special events and licenses Insurance Travel expenses Training and recruitment Bank charges Depreciation Profit/llossl on disposal of fixed assets Marketing and advertlsing Loan and hire purchase interest Bad debt provision Non recoverable VAT 511,506 120.826 Sii,506 122.209 495,483 108,880 1.383 379.44S 108.968 185.277 27.5114 49.216 90.117 1.202.731 13,661 2.475 393,106 111,443 185,277 27,504 49,216 90,117 1,215.565 398,609 74.807 142,392 16,913 31,230 45,835 1,197,702 12.834 16,695) 11.167) 141.039 171.439 75,428 30.831 468 937 3 385 130 205 762 17,8621 21,525 312.478 125,776 75.428 62.424 30,831 1,353 474 074 223 755 2 2946684 30 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMEKrs YEAR ENDED 31 MARCH 2022 OTHER COSTS Other c0515 relate to governance costs incurred during the year. Unrestrfrted Restricted Deslgnated Funds nds Funds Totsl 2021 Totsl 20ZI Wages and salaries Auditors remuneration Trustee insurance and expenses Chair persons remuneration Secretarial services Legal and professional fees Accountancy, taxation and other seNices 115.423 22.SCM) 25 16.fxK) 115,423 22.5 112.341 22.5(Ki 25 16,OLI) 16.0(Xl 6,OCKJ 148,549 163,376 163,376 TOTAL RESOURCES EXPENDED Depretiatitin Staff & Amortisation Other Costs Totsl 2022 Total 2021 Fundraising trading= coll of goods sold Charitsble activities Governance costs 806.692 806,692 165,027 4.246.769 11,210,233 10,445,378 312 169 5.747.899 1,215.565 2022 2021 Wages and salaries Social security C05tS Pension costs 4.879,882 365,064 5.627,117 274.110 41 41 The number of employees whose emoluments as defined for tax purposes amounted to over £60,0(J) In the year was as follows= 2022 Number 2021 Number £?0,￿l- £80.0 £80.001- £90.¢XKI £90,001- £100,000 £IOO.001- £IIO.O(K) £130,WI- £140.(K The key management personnel of the parent charity. the Trust, comprise the Trustees. the Chief Executive Offiter and Other managers. The total employee benefits of the key management personnel of the Trust were £511.50612021- £495.483). Staff Numbers The average number of full-time equivalent employees (including casual and part time staff) employed by the group during the year wa5 234 {2021- 2331. The average number of actual employees employed by the group during the year wa$ 55012021- 5701. 31 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL ￿ATEmENTs YEAR ENDED 31 MARCH 2022 TRUSTEES. RÉMUNEftATIINI During the year. a Trustee received remuneration of £IO.(KKI in ￿sPeCt of chairperson's services for the year12021: £10,OLK)I. During the year. a Trustee was reimbursed £25 for out of pocket expenses. bein8 travel and subsistence {2021- £321. PENSION CONTRIBLMONS The Group operates two defined benefit pension schemes for the benefit of the employees. The assets of the schemes are administered by Pension Scheme Trustees in funds independent from those of the Group. Total employer contributions for Bamsley for the year were £281.39312021- £400,0(X)l and total employer contributions for Bassetlaw for the year were £176.675 12021 £155.0(Kil. with projections of similar contributions for the year ended 31 March 2022. The Group also operates a defined Contribution pension scheme. The total contributions made on behalf of employees for the year were £44.885 {2021: £44,548). BARNSLEY PENSION SCHEME For the Barnsley Scheme a full actuarial valuation was carried out at 31 March 2022 by a qualified independent actuary. The major assumptions used by the actuary were: 31.3.22 4.2% 3.2% 2.7% 3.2% 31.3.21 3.95% 2.8% 2.1% 2.7% Rate of increase in salaries Rate of increase in pension payment Discount rate Rate of CPI inflation The assets of the scheme and the expected rate of return we￿. Value 31.3.22 I£0￿s) Value 31.3.21 I£CKX)s1 Equities Government Bond5 Other Bonds Property Cash/Liquidity Other 11.916 586 1,367 2.539 1.172 8,537 2,292 1,382 1,539 210 Total market value of a55ets 19.354 17.494 Present value of scheme liabilities Deficit in the scheme and net Pension liability 32 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL sfATEMEKrs YEAR ENDED 31 MARCH 2022 PENSION CONTrIBUmONS (CONTD) 2022 (£OOOs) 2021 I£OOOsl Amounts recognlsed In the Incorne and expenditure account Current service costs Interest on pension scheme liabilities Employer contributions Expected return on pension scheme assels 677 564 14011 369 537 172 13441 400 Total Actual return on Scheme assets Analysis of amount recogni5ed In the Statement of Financlal Artlvftles 2022 (£(KIOs) 2021 I£OOOsl Artuarial deficit for the year Reconclllatlon of Assets and Defined Benefft Obllgatlons Changes In the falr value of the assets are: 2022 (£OOOs) 17,494 369 401 112 13301 1.308 2021 I£OOOs} Opening fair value of fund assets Expected retum on assets Employer contributions Contributions by scheme participants Benefits paid Actuarial gain on a55ets onlv Administration expenses 14,226 344 103 1254} 2,683 Fair value of assets at 31 March Changes on defined benefit obligation over the year are: 2022 I£OOOs) 2021 l£i))Osl Opening defined benefrt obligation Current service cost Contribution by scheme participants Interest costs Benefits paid Actuarial18ainllloss on liabilities 26.639 677 112 564 13301 21,S85 537 103 516 12541 Defined benefit obligations at 31 March 639 33 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022 PENSION CONTRIBUTIONS (CONT'DI Summary of Current & Prior Year amounts: 2022 2021 2020 2019 2018 I£CA))s) (£(KKts) {£(MJ)sl {£cI)051 {£00051 Total market value of assets Present value of scheme liabilities 19,354 17.494 14.226 14.808 13,856 222 Deficit in scheme/Net pension liability BASSEllAW PENSION SCHEME For the Ba5setlaw Scheme a full xtuarial valuation was carried out at 31 March 2022 by a qualified independent actuary. The major assumptions used by the aciuary we￿. 313.22 4.05% 3.05% 2.55% 3.05% 31.3.21 3.80% 2.80% 2.05% 2.80% Rate of increase in sataries Rate of increase in pension payment Discount rate Rate of CPI inflation The assets of the $C￿me and the expected rate of retum were: Value 31.3.22 1£00051 Value 31.3.21 {£OOOsl Equities Government Bonds Other Bonds Property CashlLiquidity Other 2,908 141 327 617 269 538 2.6S7 148 312 443 223 389 Total market value of assets 4.800 4.172 Present value of scheme liabilities Deficit in the scheme and net Pension liability BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMEKrs YEAR ENDED 31 MARCH 2022 PENSIO14 CONTRIBUTIONS (CONfD) 2022 (£0005) 2021 I£OOOsl Amounts recognlsed In the inc(#me and expenditure account Current Service costs Interest on pension scheme liabilities Employer contributions Expected return on pension Scheme assets 799 189 11741 88 427 125 11551 78 Total 726 Artual return on Scheme assets ATraly5is of amount reco8ni5ed in the Statement of Flnancial Activitie5 Z022 (£OOOs) 2021 1£0005} Actuarial gainslldeficitl for the year Reconcillation of Awts and Defined Benefft Obligations Changes in the lair value of the assets are: 2022 (£(KK)s) 4,172 88 174 85 305 1221 2021 I£CrfXlsl Opening fair value of assets Expected return on assets Employer coniributions Contributions by scheme participants Actuarial gain on assets onlv Benefits paid Administrative expenses 3,235 78 155 76 655 1261 Fair value of assets at 31 March Changes on defined benefft obligation over the year are: 2022 (£O(Kb) 2021 I£(K￿5) Opening defined benefft obligation Current service cost Contribution by scheme participants Interest Costs Actuarial 1gainl110s5 on liabilities Benefits paid 9.205 5.282 427 76 125 3,321 26 85 189 22 Defined benefit obligations at 31 March 35 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022 PENSION CONTRIBUTIONS (CONfD) Summary of Current & Prlor Year ￿0￿￿t$. 2022 I£LM))s) 2021 i£oth} 2020 I£OOOsl 2019 2018 I£OOOsl I£OOOsl Total market value of assets Present value of scheme liabilities Deficit in scheme/Net pension liability 4.172 205 3,235 3,325 2,836 22 GROUP INCOME I EXPENOITURE Net income / expenditure is stated after charging. 2022 2021 Depretiation of fixed assets Loss/lprofitl on disposal of fixed assets Auditors remuneration Auditor5 remuneration for non-audit services Operatin8 leases Loan and hire purchase interest 1,215.565 1.197.702 17,8621 21,525 22.5C 22,5 3.121 6.779 130.CO) I30,￿￿ 75.428 62.424 10 TAX ON SUflPLUS ON ORDINARY AcnvmES The Company is a registered Charity and is not liable to corpOrat￿n tax. The following tax cha￿e relates to the trading subsidiary Barnsley Premier Leisu￿ Trading Limited. 202Z 2021 Current tax.. UK Corporation tax based on Barn51ey Premier Leisure Trading Limited results for the year at 19%12021." 19%) 11 TANGIBLE AXED ASSETS-GROUP Land & Buildin8$ Fixtures & Equlwient Leasehold Property Improvements Motor vehides Total cosr I VALUATION As at l April 2021 Additions Disposals 1.495.0(K) 12.774,073 91.525 267,844 36,887 14,573.804 91,525 As at 31 Mar¢h 2022 12 853 403 14 653 134 DEPREaATION As at l April 2021 Charged in the year Disposals 7.887,234 1.095,132 111.962 46.580 21,638 9,222 8.020,834 1,215,565 64.631 A5 at 31 March 2022 8 970 171 9 224 204 NET BOOK VALUE At 31 March 2022 At 31 Marth 2021 36 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL sfATEMENTS YEAR ENDED 31 MARCH 2022 11 TANGIBLE FIXED ASSEfs- CHARfTY Land & Buildings Fthres & ' Leasehold Prop Equipment Improvements vehide Total COST I VALUATION As at l April 2021 Additions Disposals 1,495,(KX) 12.735.493 91.525 267.844 36,887 14.535,224 91,525 As at 31 March 2022 12 823 823 14 623 554 DEPRECIATION As at l April 2021 Charged in the year Disposals 7.848.654 1.095.132 111,962 46.580 21,638 9.222 7.982,254 1.215,565 64,631 A5 at 31 March 2022 8 940 591 158 542 NET BOOK VALUE At 31 March 2022 At 31 March 2021 15 Included within the net l>ook value of the Group and Charity of £5.481,568 is £Nil12021- £12,833} relating to assets purchased via restricted funding and £197,972 12021 £296,958) relating to a55et5 held under finance leases. The depreciation charged to the accounts in the period in re5pett of a￿etS purchased via restricted funding amounted to £12,83412021- £15.4￿) and £98.98612021- £98,986) in re5pert of a$5ets held under finance leases. 12 INVESTMENTS Cost ol investment in subsidiary company was £1 12021 £11. At 31 March 2022 the aggregate of the subsidiary capital and reserves was £37.882 12021 - negative capital and reserves of £167,456) and the company's profrts for the year were £205.33712021- loss of £210,872). 13 STOCKS Group 202Z Group 2021 Charity 2022 Charity 2021 Goods for resale 31 37 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022 14 DEBTORS: Amounts falling due wttNn one year Group 2022 Group 2021 Charlty 2022 Charity 2021 Trade debtors Amounts due from subsidiary undertaki Prepayments & accrued income Other debtors 579.806 141.534 411,185 159.317 456,565 121,460 359,801 743,892 459.392 844.646 15 CREDITORS: Amounts fallin8 due wlthln one year Group 2022 Group 2021 Ch#rity zozz Charlty 2021 8ank loans Trade creditors BMBC loans Other taxation & soaal security Accruals & deferred income Other treditors Hire purchase 150.OCX) 150.0 401.656 421,280 131.216 131,216 178,514 78.709 1.730.235 1.222.434 135,910 520,356 150,0 150,0 367,736 418,921 131,216 131.216 178,514 78,709 1.606,569 1.162,896 135,910 520.355 BMBC loans are repayable by equal instalments over various tenns and interest is charged at commercial rates. The CBIL'S loan is secured by unlimited guarantee over the assets held in Barnsley Premier Lelsure Trading Limited. Interest is charged at commercial rates. Finance lease agreements are secured on the assets to which the agreernents relate. 16 CREDITOR5: Amounts falllTrB due after more than one year Group 2022 Group 2021 Char 20ZZ Charlty 2021 Between one and two year5 Bank loan 8MBC loans Hire purchase agreements 300,000 300,000 95,000 95,000 95.(MY) 95,(KXI Between two and five years Bank loan BMBC loan5 Hire purchase agreements 957.992 1.050.CIOO 60,126 60.126 9S7,992 1,050,000 60,126 60.126 oi 86 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022 17 DEFERRED INCOME The following amounts a￿ included in creditors falling due within one year. Group Group 2022 2021 Charfty 2022 Charity 2021 Balance at l April Amount released to incomin8 resources Amount deferred in the year Balance at 31 March 590.437 98,237 566,149 98,237 1590,437) 198,2371 1566,1491 198,2371 590 437 (M) 910 566 149 Deferred income comprises admission fees and promotional income received in advance. 18 LEASES a) Operating leases Total future minimum lease pa￿ents under non 167 456 Restrirted lunds BM8C grant- Wetside project Bassetlaw performance payments Reinvestment fund Total restiicted funds 28,233 170.676 115,400) 148,139) 391870 12,833 122,537 135 370 Deslgn*ed funds Revaluation reserve Total funds Unrestricted funds The 8eneral fund represents the free funds of the Charity which are not designed for any particular purpose. The non charitable trading fund ￿preSentS the residual reserye5 of the subsidiary undertaking Barnsley Premier Leisure Trading Limited. after gift aid of it5 taxable profits to the Charitable Parent Company. The reseNes are free funds of the subsidiary undertakin& not designated for any particular purpose. Restricted funds BMBC Wetside Projert represents grants received to Upgrade the changing room facilities at Royston and Deameside Sport Centres. The fund balance is reduced by revenue grant expenditure and depreciation charged on assets purchased. Bassetlaw performance payments represents money received from Bassetlaw Council a5 0 reward for the Barnsley Premier Leisure Group meeting certain perfomance criteria at the Bassetlaw sites. The fund balance will be spent in agreement with Bassetlaw Council. The CRM fund represents monies recer¥ed that will be spent in 2022123 on software development. Designated funds The AGP Sinking designated fund represents monies set aside for the eventual replacement of the AGP artificial grass pitch. Monie5 are set aside in line with the original ogreement and the 10 year replacement period. The revaluatiOD reserve arose due to the revaluation of the Mansfield land and buildings in the 2020121 financial year. There were no subsequent valuat￿n$ in 202U22. therefore no movement in the fund. 42 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2022 22 RESERVES 2022 2021 Balance brought forward Net incoming resource5 Other reco2nised (losses) and gains (7.489.482) 62.511 732.617 {3,918,2431 3 633 750 Balance carried forward 23 FINANCIAL COMMITMENTS Contrartual commitments for the acquisition of tangible r￿ed assets contracted for but not provided in the financial statements amounted to £Nil12021- £483.(XX)I. 43 BARNSLEY PREMIER LEISURE NOTES TO THE FINANCIAL STATEMEMrs YEAR ENDED 31 MARCH 2022 24 FINANCIAL INSTRUMENTS -The carrying amounts of the charivs financial instruments are as follows-_ Group 2022 Group 2021 Charity 2022 Charity 2021 Finonciol ossets Debt instruments measured at amortised cost: Cash at bank and in hand Trade debtors (note 141 Amounts owed by group (note 141 other debtors (note 141 4.825.195 579,806 3.266.025 141,534 4,758.245 411,185 159,317 187 743 5 516 490 3.212.566 121,460 359,801 187 743 5 592 744 3 750 431 Financiol liobilities Measured at amortised cost: Trade Creditors Inotes 15-16} Bank loans Other creditors (notes 15-161 Other loans (note5 15-161 Hire purchase (notes 15-161 401.656 421.280 1,407,992 I,5￿.(￿￿) 135,910 520.356 286.342 286.342 176 128 261823 2 408 028 2 989 801 367,736 1,407,992 135,910 286,342 176 128 2 374 108 418,921 1.500.000 520,355 286,342 261823 2 987 441