2022-03-31-accounts - Thurrock Community Leisure Limited

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			Page
Reference and Administrative Details
Report ofthe	Trustees		2to20
Report ofthe	Independent	Auditors	21 to 23
Consolidated	Statement of	Financial Activities	24
Balance Sheet			25
Consolidated	Cash Flow Statement		26
Notes to the	Consolidated	Cash Flow Statement	27
Notes to The	Consolidated	Financial Statements	28 to 50

TRUSTEES	Chris Seamark				Resigned	Resigned	11/02/2022
	Tunde Ojetola (Chair)
	Wayne Warner (Previous				Chair)
	Barry Norrington
	Kameel Mohammed
	Juan Rangel
	DrJames Watson
	Jatinder Nahal (Vice		Chair)
	Lynn Worral					Appointed	26/05/2021
COMPANY SECRETARY	Kay Volk
REGISTERED OFFICE	Blackshots Leisure	Centre
AND OPERATIONAL ADDRESS	Blackshots Lane
	GRAYS
	Essex
	RM16 2JU
TRADING AS	Thurrock Community			Leisure Limited
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
	Sitting bourne
	Kent
	ME10 4AE
BANKERS	National Westminster			Bank PLC
	17High Street
	Grays
	Essex
	RM17 6NP
SOLICITORS	Winckworth Sherwood
	Minerva House,
	5 Montague Close
	LONDON,
	SE19BB

							31.03.22			31.03.21
					Unrestricted	Restricted		Unrestricted	Restricted
					funds	funds	Total funds	funds	funds	Total funds
				Notes	E			E	E	E
INCOME
Donation Income						51,429	51,429		1,015,276	1,015,276
Charitable activities
Leisure Centres					3,785,541	426,185	4,211,726	1,012,875	592,353	1,605,228
Civic Hall					79,098		79,098	11,051		11,051
Office and Cottage	Rent				26,090		26,090	25,365		25,365
Other trading activities					131,777		131,777	48,420		48,420
Investments					302		302	12,405		12,405
Total income					4,022,808	477,614	4,500,422	1,110,116	1,607,629	2,717,745
EXPENDITURE
Raising funds					80,460		80,460	56,421		56,421
Charitable activities
Leisure Centres					2,966,281	966,525	3,932,806	2,521,591	1,046,759	3,568,350
Civic Hall					263,182		263,182	120,524		120,524
Office and Cottage	Rent				12,156		12,156	10,090		10,090
Trading activities					296,943		296,943	233,835		233,835
Total resources expended					3,619022	966,525	4,585,547	2,942,461	1,046,759	3,989,220
Net income/(expenditure)			for the year
before other recognised			gains and losses		403,786	(488,911)	(85,125)	(1,832,345)	560,870	(1,271,445)
Transfers between funds				20	68,461	(68,461)
Actuarial gains/(losses)		on	defined
benefit pension scheme				21	1,056,000		1,056,000	(556,000)		(556,000)
Net movement in funds					1,528,247	(557,372)	970,875	(2,388,345)	560,870	(1,827,475)
RECONCILIATION OF		FUNDS
Total funds brought	forward			20	528,363	560,870	1,089,233	2,916,708		2,916,708
TOTAL FUNDS CARRIED
FORWARD				20	2,056,610	3,498	2,060,108	528,363	560,870	1,089,233

						The	Group	The Charitable	Company
					Note	31.03.22	31.03.21	31.03.22	31.03.21
							F		F
FIXEDASSETS
Tangible assets					11	2,103,027	2,242,797	2,077,495	2,208,095
Investments					12			10,000	10,000
						2,103,027	2,242,797	2,087,495	2,218,095
CURRENT ASSETS
Stocks					14	54,559	41,371	49,839	36,322
Debtors					15	87,504	734,847	175,086	731,783
Investments						160,000		160,000
Short term deposits						732,766	512,463	732,766	512,463
Cash at bank	and in hand					263,928	94,052	161,848	89,907
						1,298,757	1,382,733	1,279,539	1,370,475
CREDITORS
Amounts due	&1 year				16	773,199	901,390	746,384	877 133
NET CURRENT ASSETS						525,558	481 343	533,155	493,342
TOTAL ASSETSLESSCURRENT				LIABILITIES		2,628,585	2,724,140	2,620,650	2,711,437
CREDITORS
Amounts due	&1 year				17	(436,477)	(569,906)	(430,610)	(559,269)
NET ASSETS EXCLUDING			PENSION LIABILITY			2,192,108	2,154,234	2,190,040	2,152,168
PENSION ASSETI(LIABILITY)					21	(132,000)	(1,065,000)	(132,000)	(1,065,000)
TOTAL NET	ASSETS					2,060,108	1,089,234	2,058,040	1,087,168
FUNDS					20
Restricted funds						3,498	560,870	3,498	560,870
Unrestricted	funds:
	Designated	funds
	General funds					2,188,610	1,593,363	2,186,542	1,591,298
	Non charitable		trading	funds
	Pension reserve					~132,0DD	~1,065,0DD	~132,000	~1,065 000
Total unrestricted funds						2,056,610	528,363	2,054,542	526,298
TOTAL FUNDS						2,060,108	1,089,233	2,058,040	1,087,168

CONSOLIDATED CASH	CONSOLIDATED CASH	FLOW STATEMENT	FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH			2022
			31.03.22	31.03.21
		Notes		E
Cash flows from operating activities			723,594	(402,022)
Cash flows from investing activities
Dividends, interest and rent from investments			302	12,405
Interest on 1 year bank accounts
Charity Bank account investment			(160,000)
Purchase oftangible fixed assets (Including	HP)		(86,523)
Cash used on investing activities			(246,221)	12,405
Cash flows from financing activities
Repayment of borrowing			(87,194)	(53,514)
Purchase of HP tangible fixed assets
New Loan				343,000
Cash used in financing activities			(87,194)	289,486
Increase / (decrease) in cash and cash equivalents in the year			390,179	(100,131)
Cash and cash equivalents at the beginning	ofthe year		606,515	706,646
Total cash and cash equivalents at the end ofthe			996,694	606,515
year

					31.03.22	31.03.21
					E
Net incoming resources and losses		before other recognised		gains	(85,125)	(1,271,475)
Depreciation charges					226,291	246,807
Disposal						6,900
Reclassification of Charity Bank Account						89,064
Actuarial pension scheme charges					123,000	34,000
Loan write off bad debt
Dividends, interest and rent from investments					(302)	(12,405)
(Increase) / decrease	in	stocks			(13,188)	6,524
(Increase) /decrease	in	debtors			647,343	(438,486)
Increase / (decrease)	in	creditors			(174,425)	340,049
Pension liability acquired						597,000
Net cash inflow from	operating		activities		723,594	(402,022)
ANALYSIS OF CHANGES		IN NET FUNDS
			At 1.4.22		Cash Flow	At 31.3.22
Net Cash
Cash at bank			606,515		390,179	996,694
Debt
Finance Leases			(112,063)		50,472	(61,591)
Debts falling due			(36,723)		(82,284)	(119,007)
within one year
Debts falling due			(506,277)		119,006	(387,271)
after one year
Total			(48,548)		477,373	428,825

		Unrestricted	Restricted	Total	Total
			E	E	P
Donation	Income		51,429	51,429	1,015,276

						31.03.22	31.03.21
				Unrestricted	Restricted	Total	Total
				E	E	P	E
	Funding income				236,368	236,368	705,226
	Leisure centres income			3,785,541	189,817	3,975,358	900,002
	Sub-total for leisure centres			3,785,541	426,185	4,211,726	1,65,228
	Civic Hall income			79,098		79,098	11,051
	Sub-total for Civic Hall			79,098		79,098	11,051
	Office and cottage rent			26,090		26,090	25,365
	Total income from charitable		activities	3,890,729	426,185	4,316,914	1,641,644
4.	INCOME FROM OTHER	TRADING ACTIVITIES
						31.03.22	31.03.21
				Unrestricted	Restricted	Total	Total
				E	E	F	E
	Golf club, shop and bar			131,777		131,777	48,420
				131,777		131,777	48,420
5.	INCOME FROM INVESTMENTS
						31.03.22	31.03.21
				Unrestricted	Restricted	Total	Total
						E	E
	Solar panel investment	income					5,562
	Interest receivable			302		302	6,843
				302		302	12,405

										31.03.22	31.03.21
						Unrestricted		Restricted		Total	Total
							E		F	F	F
Staff costs							160,369			160,369	160,937
Other trading costs							136,574			136,574	72,898
							296,943			296,943	233,835
NALYSIS	OF EXPENDITURE
						Charitable activities					31.03.22	31.03.21
				Cost of				Office and
				raising		Leisure		cottage	Governance	Support
				funds		centres	Civic hall	rent	costs	Costs	Total	Total
					E	F		E	E	F		F
Staff costs						1,687,708	48,312			519,262	2,255,282	2,487,210
Promotion	and publicity			68,304							68,304	46,331
Premises costs						796,058	35,401			222,626	1,054,085	736,040
Purchases	for resale					170,046	56,866				226,912	50,882
Office administration			costs			184,906	25,352			446,798	657,056	413,855
Audit and	accountancy								8,814		8,814	11,450
Legal and	professional									18,151	18,151	9,677
				68,304		2,838,718	165,931		8,814	1,206,837	4,288,604	3755385
Support costs				12,068		1,086,155	96,546	12,068		(1,206,837)
Governance costs					88	7,933	705	88	(8,814)
Total expenditure		2022		80	460	3,932,806	263,182	12,156			4,288,604
Total expenditure		2021		56,421		3,568,350	120,524	10,090				3,755,385

	31.03.22	31.03.21
	E	E
Depreciation	226,291	246,807
Interest payable	989	3,876
Operating lease rentals	5,519	2,312
Auditors' remuneration
-Audit fee (parent)	8,314	7,718
- Other services (parent)	500	3,732
- Audit fee (subsidiary)	3,592	2,995
- Other services	250	1,001

STAFF COSTS	STAFF COSTS	STAFF COSTS
										31.03.22	31,03.21
										E	E
Wages and		salaries								2,018,072	1,799,670
Social security costs										130,103	102,950
Employer's		contribution		to	defined	contribution		pension schemes		144,476	32,527
Employer's		contribution		to	defined	benefit	pension		schemes	98,000	680,000
Operating	cost ofdefined				benefit	pension schemes				25,000	33,000
										2,415,651	2,646,147
The average		monthly	number ofemployees				during		the year was as follows:
										31.03.22	31.03.21
Leisure centres										130	134
Civic hall										2	7
Other trading activities										5	5
SMT										4	3
Support										6	7
										147	155

The number ofemployees	pension costs) exceeded	260,000was:
	31.03.22	31.03.21
P60,001 - 870,000	3
270,001 - 280,000	1
f80,001 - 890,000
290,001 - 8100,000
f100,000 - 8110,000
2110,000 - 8120,000

The Group	Improvements	Plant and
	to leasehold	machinery	Totals
	property
	E	E
COST
At 1 April 2021	4,698,030	988,280	5,686,310
Additions Disposals	86,523 ~4,550)		86,523 ~4,550)
At 31 March 2022	4,780,003	988,280	5,768,283
DEPRECIATION
At 1 April 2021	2,563,561	879,954	3,443,515
Charge for year Disposal	174,608 ~4,550)	51,683	226,291 ~4,550)
At 31 March 2022	2,733,619	931,637	3,665,256
NET BOOK VALUE
At 31 March 2022	2,046,384	56,643	2,103,027
At 31 March 2021	2,134,469	108,328	2,242,797
Fixed assets, included	in the above, which are held under hire purchase contracts or finance leases		are as follows:
The Group			Plant and
			machinery
			E
COST
At 1 April 2021			272,311
Additions
Transfer to ownership			~83,291
At 31 March 2022			189,020
DEPRECIATION
At 1 April 2021			163,985
Charge for year Transfer to ownership			51,683 ~83,291
At 31 March 2022			t32,377
NET BOOK VALUE
At 31 March 2022			56,643
At 31 March 2021			108,326

The Charitable Company	The Charitable Company	Improvements	Plant and
		to leasehold	Machinery	Totals
		property
		P	F
COST
At 1 April 2021		4,547,363	860,189	5,407,552
Additions		86,523		86,523
Disposals
At 31 March 2022		4,633,886	860,189	5,494,075
DEPRECIATION
At 1 April 2021		2,430,485	768,974	3,199,459
Charge for year		171,163	45,958	217,121
Disposals
At 31 March 2022		2,601,648	814,932	3,416,580
NET BOOK VALUE
At 31 March 2022		2,032,238	45,257	2,077,495
At 31 March 2021		2,116,879	91,216	2,208,095
Fixed assets, included	in the above, which are held under hire purchase contracts or finance leases			are as follows:
The Charitable Company				Plant and
				machinery
				E
COST
At 1 April 2021				246,614
Additions
Transfer to ownership				~88,991
At 31 March 2022				163,323
DEPRECIATION
At 1 April 2021				155,399
Charge for year Transfer to ownership				45,958 ~88,991
At 31 March 2022				118,066
NET BOOK VALUE
At 31 March 2022				45,257
At 31 March 2021				91,216

The Charitable Company	Shares
	group	Totals
	undertakings
	P
COST
At 1 April 2021	10,000	10,000
Disposals
At 31 March 2022	10,000	10,000
AMORTISATION
At 1 April 2021
Eliminated on disposal
At 31 March 2022
NET BOOK VALUE
At 31 March 2022	10,000	10,000
At 31 March 2021	10,000	10,000

TCLTrading Limited
Nature ofbusiness: Golf shop, bar, catering,	maintenance	services
Class ofshare:		holding
Ordinary share capital		100

	31.03.22	31.03.21
	E	E
Gross income	4,451,348	2,607,531
Net result for the year	970,875	(1,818,663)

The		The charitable	company
31.03.22	31.03.21	31,03.22	31.03.21
E		F	E
54,559	41,371	49,839	36,322

			The group		The charitable	company
			31.03.22	31.03.21	31.03.22	31.03.21
Amounts	falling due within one year:				F	E
Other debtors			47,671	95,144	47,200	95,144
Amounts	due	from other group members			88,328
Prepayments		and accrued income	39,833	637,625	39,558	636,639
Taxation				2,078
			87,504	734,847	175,086	731,783

		The		The charitable	company
		31.03.22	31.03.21	31.03.22	31.03.21
		E		E
Trade creditors		258,801	270,382	258,511	260,667
Loans		119,007	36,723	119,007	36,723
Accruals and deferred	income	287,536	372,758	266,744	355,173
VAT payable		8,531		9,628	5,279
Lease liability		38,974	48,434	32,644	42,362
Social Security and other taxes		66,054	58,130	66,054	58,130
Other creditors		20,885	114,963	20,385	112,699
Amounts due to other	group members				6,100
		799,788	901,390	772,973	877,133

				The group		The charitable	company
				31,03.21	31.03.21	31.03.22	31.03.21
				E	F	E
Lease	liabilities	due	2 —5 years	22,617	63,629	16,750	52,992
Loan	liabilities	due	2- 5years	387,271	506,277	387,271	506,277
				409,888	569,906	404,021	559,269

Equipment
	31.03.22	31.03.21
	F	E
Within one year	3,241	4,663
Between one and five years	1,573	2,625
	4,814	7,288

Equipment
	31.03.22	31.03.21
	E	P
Within one year	2,311	3,733
Between one and five years	1,573	2,595
	3,884	6,328

				31.03.22	31.03.22	31.03.21
		Unrestricted	Restricted	Total	funds	Total funds
		funds	funds
		E	E		E	E
Fixed assets		2,103,027			2,103,027	2,242,797
Investments		160,000			160,000
Current	assets	1,135,259	3,498		1,138,757	1,382,733
Current	liabilities	(773,199)			(773,199)	(901,390)
Long term liabilities		(436,477)			(436,477)	(569,906)
Pension	asset / (liability)	~132,000)		~132,000)		~1,065,000)
		2,056,610	3,498	2,060,108		1,089,234

nalysis	ofnet assets between fun	ds —previous year
					31.03.21		31.03.20
		Unrestricted	Restricted	Total	funds	Total	funds
		funds	funds
			P		E
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		(569,906)			(569,906)		(113,295)
Pension	asset / (liability)	~1,065,000)		~1,065,000)			122,000
		528,364	560,870	1,089,234		2,916,708

			At the start	Incoming	Outgoing	Transfers	At the end of
			ofthe year	resources	resources	and gains	the year
			E	E	F	F	E
Restricted funds:
Leisure Centre			560,870	477,614	(966,525)	(68,461)	3,498
Total restricted	funds		560,870	477,614	966,525	68,461	3,498
Unrestricted	funds:
Designated funds
General funds	ofTCL		1,591,295	4,048,031	(3,356,079)	(96,705)	2,186,542
General funds	ofTCL Trading		2,068	131,777	296,943	165,166	2,068
Total general	funds		1,593,363	4,179,808	3,653,022	68,461	2,188,610
Pension fund			(1,065,000)		(123,000)	1,056,000	(132,000)
Total unrestricted funds			528,363	4,179,808	3,776,022	1,124,461	2,056,610
Total funds including		pension
fund			1,089,233	4,657,422	4,742,547	1,056,000	2,060,108

			At the start	Incoming	Outgoing	Transfers	At the end of
			ofthe year	resources	resources	and gains	the year
			E		E	E	P
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	ofTCL		2,783,832	885,089	(2,077,626)		1,591,295
General funds	ofTCL 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			2,916,708	2,717,745	3,989,220	556,000	1,089,233

The am	ounts recognised	in	the balance s	heet are as	follows:
						Defined benefit	pension plans
						31.03.22	31.03.21
						E	E
Present	value offunded	obligations				(8,758,000)	(9,084,000)
Fair value of plan assets						8,626,000	8,019,000
						~132,000)	~1,065,000)
Surplus	/ (Deficit)					~132,000)	~1,065,000)
Asset /	(Liability)					~132,000)	~1,065,000)
The amounts recognised		in	the statement	offinancial	activities are as follows:
						Defined benefit	pension plans
						31.03.22	31.03.21
							E
Current	service cost					195,000	706,000
Net interest from net defined			benefit asset/liability			21,000	5,000
						4,000	3,000
Actual	return on plan assets					220,000	714,000

				Defined benefit	pension plans
				31.03.22	31.03.21
					E
Opening defined	benefit	obligation		9,084,000	3,751,000
Current service cost				195,000	109,000
Past service cost
Contributions by	scheme	participants		30,000	25,000
Interest cost				184,000	142,000
Liabilities assumed (extinguished)			on settlements		3,130,000
Actuarial losses/(gains)				(466,000)	2,056,000
Change in demographic Benefits paid		assumptions		~269,000)	(75,000) ~54,000)
				8,758,000	9,084,000

						Defined benefit	pension plans
						31.03.22	31.03.21
						E	E
Opening fair	value ofscheme assets					8,019,000	3,873,000
Interest on assets						163,000	137,000
Administration	expenses					(4,000)	(3,000)
Contributions	by employer					97,000	83,000
Contributions	by scheme	participants				30,000	25,000
Expected return						590,000	1,425,000
Settlement prices received (paid) Benefits paid						~269,000)	2,533,000 ~54,000)
						8,626,000	8,019,000
The amounts	recognised	in other recognised		gains and	losses are as follows:
						Defined benefit	pension plans
						31.03,22	31.03.21
						E	E
Actuarial (gains)/losses		from changes	in demographic		assumptions		(75,000)
Actuarial gains/(losses)						(466,000)	(2,056,000)
						(466,000)	(2,131,000)

											Defined benefit	Defined benefit	pension
												plans
											31.03.22		31.03.21
Equities												60%	63%
Gilts												2%	3%
Other bonds												4%	5%
Property												8%	7%
Cash												3%	3%
Other managed funds												12%	8%
Alternative		assets										10%	11%
Asset breakdown												31.03.22	31.03.21
												EOOOs	f.000s
Equities												5,179	5,073
Gilts												206	204
Other bonds												378	390
Property												707	565
Cash												219	202
Other managed funds												1,066	663
Alternative		assets										871	922
												8,626	8,019
Projected		employer contributions			for the year ending 31 March 2023 are					299,000.
Principal	actuarial		assumptions		at the balance		sheet date		(expressed as	weighted	averages)
												31.3.22	31.3.21
Discount		rate										2.60%	2.05%
Future salary increases												2.00%	2.00%
Future pension increases												3.15%	2.80%
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+/-1 year age								rating adjustment		to the mortality		assumption:
											E	P	E
Adjustment to discount rate										+0.1%		0,0%	-0.1%
		Present	value oftotal		obligation					8,550,000		8,758,000	8,971,000
		Projected service cost								180,000		186,000	193,000
										+0.1%		0.0%	-0.1%
Adjustment to long term salary					increase
		Present	value oftotal		obligation					8,772,000		8,758,000	8,744,000
		Projected service cost								186,000		186,000	186,000
										+0.1%		0.0%	-0.1%
Adjustment to			pension	increases		and	deferred
revaluation
		Present	value oftotal		obligation					8,956,000		8,758,000	8,565,000
		Projected service cost								192,000		186,000	180,000
Adjustment to life expectancy					assumptions					+1 year		None	-1 year
		Present	value oftotal		obligation					9,112,000		8,758,000	8,418,000
		Projected service cost								194,000		186,000	179,000
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