2021-03-31-accounts - Thurrock Community Leisure Limited

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				Page
Reference and Administrative Details
Report of the	Trustees			2to19
Report ofthe	Independent	Auditors		20 to 22
Consolidated	Statement	of Financial	Activities	23
Balance Sheet				24
Consolidated	Cash Flow	Statement		25
Notes to the	Consolidated	Cash Flow Statement		26
Notes to The	Consolidated Financial		Statements	27to49

TRUSTEES	Chris Seamark
	Tunde Ojetola
	Wayne Warner (Chair)
	Garry Hague			Resigned		22/09/2020
	Barry Norrington
	Kameel Mohammed
	Juan Rangel
	Dr James Watson
	Jatinder Nahal			Appointed		17/12/2020
COMPANY SECRETARY	J N Tatchell			Resigned		28/09/2020
	Kay Volk			Appointed		28/09/2020
REGISTERED OFFICE	Blackshots Leisure	Centre
AND OPERATIONAL ADDRESS	Blackshots Lane
	GRAYS
	Essex
	RM16 2JU
TRADING AS	Impulse Leisure
REGISTERED COMPANY NUMBER	03782811 (England	and Wales)
REGISTERED CHARITY NUMBER	1080186
AUDITORS	McCabe Ford Williams
	Statutory Auditors	and	Chartered		Accountants
	Bank Chambers
	1 Central Avenue
	Sittingboume
	Kent
	ME104AE
BANKERS	National Westminster		Bank	PLC
	17 High Street
	Grays
	Essex
	RM17 6NP
SOLICITORS	Winckworth Sherwood
	Minerva House, 5	Montague		Close
	LONDON, SE1988

				CONSOLIDATED	CONSOLIDATED	STATEMENT	OF FINANCIAL ACTIVITIES	OF FINANCIAL ACTIVITIES	OF FINANCIAL ACTIVITIES
					FOR THE YEAR ENDED 31 MARCH				2021
									31.03.21			31.03.20
						Unrestricted	Restricted			Unrestricted	Restricted	Total
						funds	funds	Total funds		funds	funds	funds
					Notes	f	f			f	f	f
INCOME
Donation Income							1,015,276		1,015,276
Charitable activities
I eisure Centres						1,012,875	592,353		1,605,228	5,234,257	73063	5307320
Civic Hall						11,051			11,051	435,137		435,137
Office and Cottage	Rent					25,365			25,365	55,840		55,840
Other trading activities						48,420			48,420	160,969		160,969
Investments						12,405			12,405	37,716		37,716
Total Income						1,110,116	1,607,629		2,717,745	5,932,919	73,063	5,996,982
EXPENDITURE
Raising funds						56,421			56,421	144,084		144,084
Charitable activities
Leisure Centres						2,521,591	1,046,759		3,568,350	5,059,352	95,356	5,154,708
Civic Hall						120,524			120,524	546,078		546,078
Office and Cottage	Rent					10,090			10,090	20,394		20,394
Trading activities						233,835			233,835	421,548		421,548
Total resources expended						2942 461	1 046759		3989220	6 191 456	95356	6286812
Net income/(expenditure) for the year before other recognised gains and losses						(1,832,345)	560,870	(1,271,445)		(267,537)	(22,293)	(289,830)
Transfers between funds					20					(11,692)	11,692
Actuarial gains/(losses) pension scheme		on	defined	benefit	21	(556,000)			(556,000)	(161,000)		(161,000)
Net movement in funds						(2,388,345)	560,870	(1,827,475)		(440,220)	(10,601)	(450,830)
RECONCILIATION OF FUNDS
Total funds brought	forward				20	2,916,708			2,916,708	3,356,937	10,601	3,367,538
TOTAL FUNDS CARRIED			FORWARD		20	528,363	560 870		1,089,233	2,916,708		2,916708
CONTINUING OPERATIONS
All income and expenditure	has arisen fram continuing				activities.

						The	Group	The Charitable	Company
					Note	31.03.21	31.03.20	31.03.21	31.03.20
						f	f	f	f
FIXEDASSETS
Tangible assets					11	2,242,797	2,496,502	2,208,095	2,444,453
Investments					12			10000	10000
						2,242,797	2,496,502	2,218,095	2,454,453
CURRENT ASSETS
Stocks					14	41,371	47,895	36,322	40,357
Debtors					15	734,847	96,361	731,783	117,145
investments							89,063		89,063
Short term deposits						512,463	598,781	512,463	598,781
Cash at bank and in hand						94	1076!5	89907	88544
						1,382,733	939,965	1,370,475	933,890
CREDITORS
Amounts due &1 year					16	901 390	~58464	~877 133	~507 925
NET CURRENT ASSETS						4 I 343	411 501	493 342	425 965
TOTAL ASSETS LESSCURRENT				LIABILITIES		2,724,140	2,908,003	2,711,437	2,880,418
CREDITORS
Amounts due &1 year					17	(569,906)	(113,295)	(559,269)	(96,586)
NET ASSETS EXCLUDING			PENSION LIABILITY			2,154,234	2,794,708	2,152,168	2,783,832
PENSION ASSETI (LIABILITY)					21	(1,065,000)	122,000	(1,065,000)	122,000
TOTAL NET ASSETS						89234	2916 08	108 I	905832
FUNDS					20
Restricted funds						560,870		560,870
Unrestricted funds:
Designated		funds
General	funds					1,593,363	2,783,832	1,591,298	2,783,832
Non charitable			trading	funds			10,876
Pension	reserve								2 000
Total unrestricted funds						528,363	2,916,708	526,298	2,905,832
TOTAL FUNDS						1,089,233	2,916,708	1,087,168	290

			31.03.21	31.03.20
		Notes	6	6
Cash flows from operating activities		1	(402,022)	407,929
Cash flows from investing activities
Dividends, interest and rent from investments			12,405	37,716
Interest on 1 year bank accounts				(1,142)
Charity Bank account investment
Purchase oftangible fixed assets (Including	HP)			(277,644)
Cash used on investing activities			12,405	(241,070)
Cash flows from financing activities
Repayment of borrowing			(53,514)	(253,607)
Purchase of HP tangible fixed assets				25,697
New Loan			343,000
Cash used in financing activities			289,486	(227,910)
Increase /(decrease) in cash and cash equivalents in the year			(100,131)	(61,051)
Cash and cash equivalents at the beginning	ofthe year		706,646	767,697
Total cash and cash equivalents at the end ofthe			606,515	706,646
year

					31.03.21	31.03.20
Net incoming resources before other recognised and losses				gains	(1,271,475)	(289,830)
Depreciation charges					246,807	343,973
Disposal					6,900
Reclassification ofCharity		Bank Account			89,064
Actuarial pension scheme		charges			34,000	24,000
Loan write off bad debt						365,552
Dividends, interest and rent from investments					(12,405)	(37,716)
(Increase) / decrease	in stocks				6,524	(3,119)
(Increase) / decrease	in debtors				(438,486)	149,198
Increase / (decrease)	in creditors				340,049	(144,129)
Pension liability acquired					597,000
Net cash Inflow from	operating		activities		(402,022)	407,929
ANALYSIS OF CHANGES		IN NET	FUNDS
			At 1.4.20		Cash Flow	At 31.3.21
Net Cash
Cash atbank			706,646		(100,130)	606,515
Debt
Finance Leases			(165,577)		53,514	(112,063)
Debts falling due					(36,723)	(36,723)
within one year
Debts falling due					(506,277)	(506,277)
after one year
Total			541,069		(589,616)	(48,548)

					Unrestricted	Unrestricted	Restricted	Total		Total
						f	f	f		f
	Donation	Income					1,015,276	1,015,276
	The Group	received 81,015,276 (2020: 6Nil) of			grant	funding from the government's		Coronavirus Job	Retention	Schem
	(CJRS).
	INCOME	FROM CHARITABLE ACTIVITIES
								31.03.21	31.03.20
					Unrestricted		Restricted	Total		Total
						6	6	6		f
	Funding income					112,873	592,353	705,226		73,063
	Leisure centres income					900,002		900,002	5,234,257
	Sub-total	for leisure centres			1,012,875		592,353	1,605,228	5,307,320
	Civic Hall	income				11,051		11,051	435,137
	Sub-total	for Civic Hall				11,051		11,051	435,137
	Office and cottage rent					25,365		25,365		55,840
	Total income from charitable			activities	1,049,291		592,353	1,641,644	5,798,297
	INCOME	FROM OTHER TRADING ACTIVITIES
								31.03.21	31.03.20
					Unrestricted		Restricted	Total		Total
						f	6	6		f
	Golf club,	shop and bar				48,420		48,420	160,969
						48,420		48,420	160,969
5.	INCOME	FROM INVESTMENTS
								31.03.21	31.03.20
					Unrestricted		Restricted	Total		Total
						6	f	6		6
	Solar panel investment		income			5,562		5,562		6,801
	Interest receivable					6,843		6,843		30,915
						12,405		12,405		37,716

									31.03.21	31.03.20
					Unrestricted		Restricted		Total	Total
						2		E	E	f
Staff costs						160,937			160,937	211,134
Other trading costs						72,898			72,898	210,414
						233,835			233,835	421,548
ANALYSIS OF EXPENDITURE
					Charitable activities					31.03.21	31.03.20
			Cost of				Office and
			raising		Leisure		cottage	Governance	Support
			funds		centres	Civic hall	rent	costs	Costs	Total	Total
					8	6	6	6	f	6	8
Staff costs					2,093,178	15,457			378,575	2,487,210	2,314,613
Promotion and pubfidty			46,331							46,331	123,690
Premises costs					422,228	16,950			296,862	736,040	1,393,706
Purchases for resale					50,267	555				50,882	336,272
Office administration		costs			94,651	6,849			312,355	413,855	1,682,909
Audit and accountancy								11,450		11,450	9,139
Legal and professional									9,677	9,677	4,935
			46,331		2,063,324	39,811		11,450	997,469	3,755,385	5,865,264
Support costs			9,975		897,722	79,797	9,975		(997,469)
Governance costs				115	10,304	916	115	(11,450)
Total expenditure	2021		56,421		3,568,350	120,524	10,090			3,755,385
Total expendilure	2020		144,084		5,154,708	546,078	20,394				5,865,264

	31.03.21	31.03.20
Depreciation	246,807	343,973
Interest payable	3,876	1,180
Operating lease rentals	2,312	13,509
Auditors' remuneration
-Audit fee (parent)	7,718	7,570
-Other services (parent)	3,732	1,569
- Audit fee (subsidiary)	2,995	2,950
- Other services	1,001	767

STAFF C	OSTS
						31.03.21	31.03.20
						f	f
Wages and salaries						1,799,670	2,254,761
Social security costs						102,950	125,701
Employer's	contribution	to	defined	contribution	pension schemes	32,527	41,285
Employer's	contribution	to	defined	benefit pension schemes		680,000	80,000
Operating	cost ofdefined		benefit	pension schemes		33,000	24,000
						2,648,147	2,525,747

The average	monthly number of emp	loyees during the year w	as as follows:
				31.03.21	31.03.20
Leisure centres				134	160
Civic hall				7	16
Other trading	activities			5	17
SMT				3
Support				7
				155
No employees	received emoluments	in excess of660,000.
TANGIBLE FIXEDASSETS
The Group			Improvements	Plant and
			to leasehold	machinery	Totals
			property
			6
COST
At 1 April 2020			4,704,930	988,280	5,693,210
Additions Disposals			~6,900)		~6,900)
At 31 March	2021		4,698,030	988,280	5,686,310
DEPRECIATION
At 1 April 2020			2,389,813	806,895	3,196,708
Charge for year			173,748	73,059	246,807
Disposal
At 31 March	2021		2,563,561	879,954	3,443,515
NET BOOK VALUE
At 31 March	2021		2,134,469	108,326	2,242,797
At 31 March	2020		2,315,117	181,385	2,496,502

Fixed assets, included in the above, which follows:	are held under hire purchase contr	acts or finance	leases are as
The Group			Plant and
			machinery
			f
COST
At 1 April 2020			525,764
Additions
Transfer to ownership			~253453
At 31 March 2021			272,311
DEPRECIATION
At 1 April 2020			344,379
Charge for year			73,059
Transfer to ownership			~253,453
At 31 March 2021			163,985
NET BOOK VALUE
At 31 March 2021			108,326
At 31 March 2020			181,385
The Charitable Company	Improvements	Plant and
	to leasehold	Machinery	Totals
	property
	6
COST
At 1 April 2020	4,554,263	860,189	5,414,452
Additions Disposals	~6900)		~6,900)
At 31 March 2021	4,547,363	860,189	5,407,552
DEPRECIATION
At 1 April 2020	2,260,182	709,817	2,969,999
Charge for year	170,303	59,157	229,460
Disposals
At 31 March 2021	2,430,485	768,974	3,199,459
NET BOOK VALUE
At 31 March 2021	2,116,878	91,215	2,208,095
At 31 March 2020	2,294,081	150,372	2,444,453

11,	TANGIBLE FIXEDASSETS-continued	TANGIBLE FIXEDASSETS-continued	TANGIBLE FIXEDASSETS-continued
	Fixed assets, induded	in the above,	which	are held	under	hire purchase	contracts	or finance	leases are as
	follows:
	The Charitable Company								Plant and
									machinery
									6
	COST
	At 1 April 2020								413,801
	Additions
	Transfer to ownership								~767, 187
	At 31 March 2021								246,614
	DEPRECIATION
	At 1 April 2020								263,429
	Charge for year Transfer to ownership								59,157 ~767,787
	At 31 March 2021								155,399
	NET BOOK VALUE
	At 31 March 2021								81 215
	At 31 March 2020								150,372
12.	FIXEDASSET INVESTMENTS
	The Group						Solar Panels		Totals
								6	6
	COST
	At 1 April 2020							58,813	58,813
	Disposals							L58,8133)	~58813)
	AMORTISATION
	At I April 2020							58,813	58,813
	Eliminated on disposal							~58,813)	~58,813)
	At 31 March 2021
	NET BOOK VALUE
	At 31 March 2021
	At 31 March 2020

FIXEDASSET INVESTMENTS -continued
The Charitable CompanY		Shares in
	Solar Panels	group	Totals
		undertakings
		6
COST
At 1 April 2020 Disposals	58,813 ~58,813)	10,000	68,813 ~58,813)
At 31 March 2021	58,813	10,000	68,813
AMORTISATION
At 1 April 2020 Eliminated on disposal	58,813 ~58,813)		58,813 ~58,813)
At 31 March 2021
NET BOOK VALUE
At 31 March 2021		10,000	10,000
At 31 March 2020		10,000	10,000

Class of	share:	holding
Ordinary	share capital	100

					The	group		The charitable	company
					31.03.21		31.03.20	31.03.21	31.03.20
					f		f	f	f
Stocks					41,371		47,895	36,322	40,357
DEBTORS
					The	group		The charitable	company
					31.03.21		31.03.20	31.03.21	31.03.20
Amounts	falling due within one year:				f		f	f	f
Other debtors					95,145		41,297	95,144	41,296
Amounts	due	from other group members					19,142		39,927
Prepayments		and accrued income			637,625		35,922	636,639	35,922
Taxation					2,077
					734,847		96,361	731,783	117,145
CREDITORS:		AMOUNTS		FALLING DUE WITHIN ONE YEAR
					The	group		The charitable	company
					31.03.21		31.03.20	31.03.21	31.03.20
					f		f	f	f
Trade creditors					270,382		111,346	260,667	106,946
Loans					36,723			36,723
Accruals	and deferred		income		372,758		313,713	355,173	301,157
VAT payable							8,063	5,279	12,521
Lease liability					48,434		52,282	42,362	44,493
Social Security and other				taxes	58,130		26,432	58,130	26,432
Other creditors					114,963		16,628	112,699	16,376
Amounts	due to other		group members					6,100
					901,390		528,464	877,133	507g25

				The group		The charitable	company
				31.03.21	31.03.20	31.03.21	31.03.20
					E	f	6
Lease	liabilities	due	2- 5years	63,629	113,295	52,992	96,586
Loan	liabilities	due	2- 5years	506,277		506,277
				569,906	113,295	559,269	96,586

Equipment	31.03.21	31.03.20
	f	f
Within one year Between one and five years	4,663 2,625	4,011 6,388
	7,288	10,399

Equipment	31.03.21	31.03.20
	f
Within one year Between one and five years	3,733 ~2595	3,081 6,328
	6,328	9,409

ANALYSIS OF NET ASSETS BE	TWEEN FUNDS
			31.03.21	31.03.20
	Unrestricted	Restricted	Total funds	Total funds
	funds	funds
	6	f	f
Fixed assets	2,242,797		2,242,797	2,496,502
Investments				89,063
Current assets	821,863	560,870	1,382,733	850,902
Current liabilities	(901,390)		(901,390)	(528,464)
Long term liabilities Pension asset / (liability)	(569,906) ~1,065,000)		(569,906) ~1,065,000)	(113,295) 122,000
	528,364	560,870	1,089,234	2,916,708
Analysis of net assets between	funds- previous year
			31.03.20	31,03.19
	Unrestricted funds	Restricted	Total funds	Total funds
		funds
	f	6	f
Fixed assets	2,496,502		2,496,502	2,562,831
Investments	89,063		89,063	87,921
Current assets	850,902		850,902	1,423,584
Current liabilities	(528,464)		(528,464)	(870,076)
Long term liabilities Pension asset / (liability)	(113,295) 122,000		(113,295) 122,000	(143,722) 307,000
	2,916,708		2,916,708	3,367,538

				At the start	Incoming	Outgoing	Transfers	At the end of
				ofthe year	resources	resources	and gains	the year
					f	6	6	6
Restricted funds:
Leisure Centre					1,607,629	(1,046,759)		560,870
Total restricted funds					1,607,629	1,046,759		560,870
Unrestricted funds:
Designated funds
General funds of TCL				2,783,832	885,089	(2,077,626)		1,591,295
General funds of TCL Trading				10,876	225,027	233,835		2,068
Total general funds				2,794,708	1,110,116	2,311,461		1,593,363
Pension fund				122,000		(631,000)	(556,000)	(1,065,000)
Total unrestricted funds				2,916,708	1,110,116	2,942,461	556,000	528,363
Total funds Including		pension
fund				2,916708	2,717,745	3,989,220	556,000	1,089,233
Purposes ofdesignated			funds
The pension fund covers			the actuarial	valuation ofthe pension scheme
Movement in Funds-		Previous year
				At the starl	Incoming	Outgoing	Transfers	At the end of
				of the year	resources	resources	and gains	the year
				f	F	2	f	6
Restricted funds:
Leisure Centre				10,601	73,063	(95,356)	11,692
Total restricted funds				10,601	73,063	95,356	11,692
Unrestricted funds:
Designated pension	fund			250,000			(250,000)
General funds ofTCL				2,971,730	5,489,703	(5,735,909)	238,308	2,783,832
General funds of TCL Trading				8,207	434,216	431,547		10,876
Total general funds				3,049,937	5,923,919	6,167,456	11,692	2,794,708
Pension fund				307,000		(24,000)	(161,000)	122,000
Total unrestricted funds				3,356,937	5,923,919	6,191,456	172,692	2,916,708
Total funds including		pension
fund				3,367,538	5,996,982	6,286,812	161,000	2,916,708

							Defined benefit	pension plans
							31.03.21	31.03.20
Opening defined benefit		obligation					3,751,000	3,701,000
Current service cost							109,000	108,000
Past service cost								4,000
Contributions by scheme		participants					25,000	22,000
Interest cost							142,000	95,000
Liabilities assumed (extinguished) on				sefilements			3,130,000
Actuarial losses/(gains)							2,056,000	8,000
Change in demographic		assumptions					(75,000)	(57,000)
Benefits paid							(54,000)	(130,000)
Actuarial (gains)/losses	from changes			in demographic		assumptions
							9,084,000	3,751,000
Changes in the fair value		ofscheme assets are as follows:
							Defined benefit	pension plans
							31.03.21	31.03.20
							6
Opening fair value ofscheme assets							3,873,000	4,008,000
Interest on assets							137,000	104,000
Administration expenses							(2,000)	(1,000)
Contributions by employer							83,000	80,000
Contributions by scheme		participants					25,000	22,000
Expected return							1,425,000	(311,000)
Actuarial gains/(losses)								101,000
Settlement prices received Benefits paid			(paid)				2,533,000 ~54,000)	~130,000)
							8,019,000	3,873000
The amounts recognised		in other recognised			gains and	losses are as follows:
							Defined benefit	pension plans
							31.03.21	31.03.20
Actuarial (gains)/losses	from changes			in demographic		assumptions	75,000	57,000
Actuarial gains/(losses)							(631,000)	(218,000)
							~556,000)	(I61,000)

												Defined benefit	Defined benefit	pension
													plans
													31.03.21	31.03.20
Equities													63'/0	59'/0
Gilts													3'/0	4'/0
Other bonds													5'/0	6'/0
Property													7'/o	9'/0
Cash													3'/0	4'/0
Other managed funds													8'/0	6'/0
Alternative	assets												1 1 '/0	120%%d
Asset breakdown													31.03.21	31.03.20
													6000s	6000s
Equities													5,073	2,267
Gilts													204	167
Other bonds													390	235
Property													565	348
Cash													202	161
Other managed		funds											663	249
Alternative assets													922	446
													8,019	3,873
Projected	employer		contribugons			for the year ending		31	March 2022 are 6101,000.
Principal	actuarial	assumptions				at the balance	sheet date		(expressed as weighted		averages)
													31.3.21	31.3.20
Discount	rate												2.05'/0	2.45'/0
Future salary increases													2.00'/0	2.00/0
Future pension increases													2.80'/0	1.85'/0
The following table			sets	out the		impact ofa small change			in the discount rates on		the	defined benefit		obligation
and projected service cost along with a +I-1 year age								rating adjustment		to the mortality 6			assumption: 6	f
Adjustment to discount				rate
									+0.1'/0				0.0'/0	-0.1'/0
	Present	value		oftotal	obligation				8,867,000			9,084,000		9,306,000
	Projected		service cost							198,000			205,000	212,000
Adjustment to long			term	salary	increase				+0.1'/0				0.0'/0	-0.1'/0
	Present	value		oftotal	obligation				9,100,000			9,084,000		9,068,000
	Projected		service cost							205,000			205,000	205,000
Adjustment to pension				increases and deferred					+0.1'/0				0.0'/0	-0.1'/0
revaluation
	Present	value		oftotal	obligation				9,289,000			9,084,000		8,884,000
	Projected		service cost							212,000			205,000	198,000
Adjustment to life expectancy					assumptions				+I year				None	-1 year
	Present	value		oftotal	obligation				9,494,000			9,084,000		8,692,000
	Projected		service cost							214,000			205,000	196,000
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