|||Page|
|---|---|---|
|Report ofthe Trustees||1to 10|
|Report ofthe Independent|Auditors|11to 13|
|Statement of Financial Activities||14to 15|
|Balance Sheet||16to 17|
|Cash Flow statement||18to 19|
|Notes to the Financial Statements||20to 34|
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|||||||31.3.21|31.3.20|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Tota I|
|||||funds|funds|funds|Funds|
||||Notes|E|E|E|E|
|INCOME||||||||
|Income from donations||||||||
|Donations||||270p325||270,325|270,325|
|Income from charitable|activities|||||||
|Operation
ofsports facilities||||1,645,855|334,943|1,980,798|2,323,383|
|Operation
oftown
hall and similar||buildings||126p082|1,324|127,406|348,798|
|Income from other activities||||||||
|Commercial
operations||||340,971||340p971|8,999|
|Investments||||78||79|265|
|Total income||||2,383,311|336,268|2,719,579|2,951,770|
|EXPENDITURE||||||||
|Charitable
activities||||||||
|Operation
ofsports facilities||||1,775,315|319,755|2,095,070|2,379,439|
|Operation
oftown hall and similar||buildings||622,736|1,780|624,516|812,026|
|Pension operating
charge||||116p460||116,460|191,820|
|Net interest on pension scheme liability|||18|64,000||64p000|59,000|
|Total expenditure||||2,578,511|321,535|2,900,046|3,442,285|
|NET INCOME/(EXPENDITURE)||||(195,200)|14,733|(180,467)|(490,515)|
|Transfers between
funds||||26,211|(26,211)|||
|||||(168,989)|(11,478)|(180,467)|(490,515)|
|Other recognised
gains and losses||||||||
|Pension scheme actuarial|gain/(loss)||18|(1,171,000)||(1,171,000)|(57,000)|
|NET MOVEMENT
IN FUNDS||||(1,339,989)|(11,478)|(1,351,467)|(547,515)|
##
##
##
|||||||31.3.21|31.3.20|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|Funds|
||||Notes|E|E|E|E|
|NET MOVEMENT|IN|FUNDS||(1,339,989)|(11,478)|(1,351,467)|(547,515)|
|RECONCILIATION|OF|FUNDS||||||
|Total funds brought||forward||(3,773,234)|121,297|(3,651,937)|(3,104,422)|
|TOTAL FUNDS CARRIED FORWARD||||(5,113,223)|109,819|(5,003,404)|(3,651,937)|
##
||||31.3.21|31.3.20|
|---|---|---|---|---|
|||Notes|E|E|
|FIXEDASSETS|||||
|Tangible assets|||324,946|403,893|
|CURRENT ASSETS|||||
|Stock||10|6,180|10,997|
|Debtors||11|342,908|172,991|
|Cash at bank and in hand|||333,887|145,753|
||||682,975|329,741|
|CURRENT LIABILITIES|||||
|Amounts
falling due within|one year|12|(470,363)|(1,232,612)|
|NET CURRENT LIABILITIES|||212,612|(902,871)|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||537,558|(498,978)|
|LONG TERM LIABILITIES|||||
|Amounts
falling due after more than one year||13|(1,400,962)|(364,419)|
|NET ASSETS EXCLUDING PENSION DEFICIT|||(863p404)|(863,397)|
|PENSION SCHEME DEFICIT||18|(4,140,000)|(2,788,540)|
|NET LIABILITIES INCLUDING|PENSION DEFICIT||(5,003,404)|(3,651,937)|
|FUNDS|||||
|Unrestricted
funds||16|(973,223)|(984,694)|
|Restricted
funds||17|109,819|121,297|
|Pension scheme deficit||18|(4,140,000)|(2,788,540)|
|TOTALFUNDS|||(5,003,404)|(3,651,937)|
##
##
|||||31.3.21|31.3.20|
|---|---|---|---|---|---|
||||Notes|E|E|
|Cash flows from charitable|activities|||||
|Cash generated
from activities|||1|(855,438)|(12,738)|
|Net cash from charitable
activities||||(855,438)|(12,738)|
|Cash flows from investing|activities|||||
|Interestincome||||79|265|
|Interest
paid||||(14,871)|(17,773)|
|Purchase oftangible
fixed|assets|||(8,277)|(3,420)|
|Net cash from investing
activities||||(23,069)|(20,928)|
|Cash flows from financing|activities|||||
|New borrowings
in the year||||1p123,008|86,708|
|Capital repayments
in the|year|||(56,367)|(31,477)|
|Net cash from financing
activities||||1,066,641|55,231|
|Increase/(decrease)
in cash and cash equivalents||||188,134|21,565|
|Cash and cash equivalents|at the beginning|ofthe year||145,753|124,188|
|Cash and cash equivalents|at the end ofthe|year||333,887|145,753|
##
##
##
||||31.3.21|31.3.20|
|---|---|---|---|---|
||||E|E|
|Deficit for the year|||(180p467)|(490,515)|
|Interest receivable|||(79)|(265)|
|Interest payable|||14,871|17,773|
|Depreciation
charges|||8' 224|93,692|
||||(78,451)|(379,315)|
|Decrease/(increase)|in stocks||4,817|2,036|
|Decrease/(increase)|in trade and|other debtors|(169,917)|(76,912)|
|(Decrease)/increase|in trade and|other creditors|(792,347)|190,633|
|Increase
in pension scheme liability|||180,460|250,820|
|Cash generated
from charitable||activities|(855,438)|(12,738)|
##
##
|Year|ended 31"March 2021|||
|---|---|---|---|
|||31.3.21|1.4.20|
|||E|E|
|Cash|and cash equivalents|333p887|145,753|
|Year|ended 31"March 2020|||
|||31.3.20|1.4.19|
|||E|f|
|Cash|and cash equivalents|145,753|124,188|
##
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##
##
|2.|DONATIONS||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||31.3.21|31.3.20|
||||||||||E|E|
||Gifts in kind —use of buildings||||||||270p325|270,325|
||||||||||270,325|270,325|
||In 2020, ofthe total donation|income, E270,325was unrestricted||||||funds.|||
|3.|CHARITABLE ACTIVITIES||||||||||
||||||||||31.3.21|31.3.20|
||Unrestricted
income:||||||||||
||Grants from Hyndburn
Borough||Council||||||75,000|56,250|
||Covid-19 grant from Hyndburn||Borough|||Council|||705,320||
||Local council Covid-19 business||grants||||||203,080||
||Other income from Hyndburn|Borough||||Council|||38,550|79,928|
||Notional
income from Hyndburn|||Borough Council|||||16,335|16,335|
||Iob retention
scheme grants||||||||498,390||
||Income from the operation of|leisure and arts facilities|||||||235'262|2,175,589|
||||||||||1,771,937|2,328,062|
||Restricted income:||||||||||
||Bridging Communities
—Community||||Leisure|||||4,250|
||Cardiac Fund —Active Lancashire||||||||1,628||
||Consultancy
—Lottery Fund||||||||4,540||
||Door Step Activity
Fund
—Street||Games|||Fund|||130|160|
||Events at ATH|||||||||29,930|
||Feasibility study||||||||10,000||
||Fixed assets||||||||8,935||
||Green Gym —Sport England||||||||15,613||
||Grow &Sow —Bank Mill Lancashire||||Environmental||Fund||16,420||
||National
Recovery Lottery Fund-Sport|||||England|||51,296||
||Phase 4 ATH||||||||1,324|20,068|
||Room to Play —Garfield Grant||||||||10,000||
||Suicide Prevention
Fund —NHS|||||||||5,000|
||Talented Athletics
Fund|||||||||3|
||Together an Active Future —Sport|||England|||||154,787|88,105|
||Up and Active —Lancashire
County||||Council||||35,227|196,603|
||Weight Management
—Lancashire||||County Council||||26,367||
||||||||||336,267|344,119|
||||||||||2,108,204|2,672,181|
##
##
|OTHER|ACTI|VITIES|—COMMERCIAL OPERATIO|NS|||
|---|---|---|---|---|---|---|
||||||31.3.21|31.3.20|
||||||E||
|Income|from|delivery|ofthe Covid Community|Hub|340,971||
|Income|from|letting|ofproperty|||8,999|
||||||340,971|8,999|
##
##
|||Sports facilities|Town hall &|Total 2021|
|---|---|---|---|---|
||||buildings||
|||E|E||
|Unrestricted
expenses:|||||
|Costs directly allocated to activities:|||||
|Salaries,
Nl and pensions||891,011|127,790|1,018,801|
|Other staff costs||4,078|310|4,388|
|Premises costs||345,159|66,372|411,531|
|Promotions
and marketing||10,466|2,090|12,556|
|Depreciation||79,644|895|80,539|
|Notional cost ofgym eguipment||16,335||16,335|
|Gifts in kind —use of buildings|||270,325|270,325|
|Other costs||32,657|14,403|47,060|
|||1,379,350|482,185|1,861,535|
|Support and governance|costs allocated:||||
|Support costs (note 6)||374,141|132p894|507,035|
|Governance
costs (note 6)||21,824|7,657|29,481|
|||395,965|140,551|536,516|
|||1,775,315|622,736|2,398,051|
|Restricted expenses:|||||
|Salaries,
Nl and pensions||219,732||219,732|
|Other staff costs||225||225|
|Premises costs||12,772||12,772|
|Promotions
and marketing||6,492||6,492|
|Depreciation||6,440||6,440|
|Other costs||74,094|1,780|75,874|
|||319,755|1,780|321,535|
|||2,095,070|624,516|2,719,586|
##
|||Sports|Town hall &|Total|
|---|---|---|---|---|
|||facilities|buildings|2020|
|||E|E|E|
|Unrestricted
expenses:|||||
|Costs directly allocated to activities:|||||
|Salaries,
Nl and pensions||1,163,674|186,183|1,349,857|
|Other staff costs||17,702|5,490|23,192|
|Premises costs||383,247|47,715|430,962|
|Promotions
and marketing||49,565|14,660|64,225|
|Depreciation||85,014|343|85,357|
|Notional cost ofgym equipment||16,335||16,335|
|Gifts in kind —use of buildings|||270,325|270,325|
|Other costs||111,504|110,740|222,244|
|||1,827,041|635,456|2,462,497|
|Support and governance|costs allocated:||||
|Support costs (note 6)||318,071|115,281|433,352|
|Governance
costs (note 6)||49,517|13,875|63,392|
|||367,588|129,156|496,744|
|||2,194,629|764,612|2,959,241|
|Restricted expenses:|||||
|Salaries,
Nl and pensions||164,683||164,683|
|Other staff costs||5,830||5,830|
|Promotions
and marketing||614||614|
|Depreciation||5,702|1311|7,013|
|Other costs||7,981|46,103|54,084|
|||184,810|47,414|232,224|
|||2,379,439|812,026|3,191,465|
##
##
##
|Net resources are stated after|Net resources are stated after|charging:|charging:||||
|---|---|---|---|---|---|---|
||||||31.3.21|31.3.20|
||||||E|E|
|Auditors
remuneration|||||8,200|14,000|
|Operating
lease rentals —other|||||2,629|2,629|
|Operating
lease rentals —property|||||270,325|270,325|
|Indemnity
insurance|for trustees||and senior|staff|1,297|714|
|Depreciation|||||8' 224|93,692|
|STAFF COSTS|||||||
||||||31.3.21|31.3.20|
||||||E|E|
|Wages and salaries|||||1,252,143|1,494,565|
|Social security costs|||||65,093|83,617|
|Other pension costs|||||182,067|188,015|
||||||1,499,303|1,766,197|
|The average monthly|number|ofemployees||during the year was as follows:|||
||||||31.3.21|31.3.20|
|Employees|||||133|172|
##
##
##
|9.|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|---|---|---|
|||||Improvements|Facilities|Fixtures &|Plant &||
|||||to property||Equipment|Machinery|TotaIs|
|||||E||E|E||
||COST||||||||
||At 1"April 2020|||435,602|371,163|1,232,846|46,931|2,086,542|
||Additions|||||8,277||8,277|
||At 31"March|2021||435,602|371,163|1,241,123|46,931|2,094,819|
||DEPRECIATION||||||||
||At 1"April 2020|||305,946|371,163|960,465|45,075|1,682,649|
||Charge for year|||18,331||67,721|1,172|87,224|
||At 31"March|2021||324,277|371,163|1,028,186|46,247|1,769,873|
||NET BOOK VALUE||||||||
||At 31"March|2021||111,325||212,937|684|324,946|
||At 31"March|2020||129,656||272,381|1,856|403,893|
|10.|STOCK||||||||
||||||||31.3.21|31.3.20|
||||||||E|E|
||Bar stocks||||||2,439|4,920|
||Pool chemicals||||||2p325|3,754|
||Vending and|food|||||1,416|2,323|
||||||||6,180|10,997|
|11.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE||YEAR||||
||||||||31.3.21|31.3.20|
||||||||E|E|
||Trade debtors||||||12,909|50,805|
||Prepayments|and accrued||income|||329,699|121,886|
||Other debtors||||||300|300|
||||||||342,908|172,991|
##
##
||||||||31.3.21|31.3.20|
|---|---|---|---|---|---|---|---|---|
||||||||f|E|
|Trade creditors|||||||1,200|55,319|
|Taxation|and social security||||||39,522|29,369|
|Amounts|owed|to Hyndburn|||Borough|Council|64,552|836,034|
|Hire purchase||contracts|||||39,092|36,815|
|Accruals|and deferred||income||||325,997|275,075|
||||||||470,363|1,232,612|
|CREDITORS: AMOUNTS||||FALLING DUE||AFTER MORE THAN ONE YEAR|||
||||||||31.3.21|31.3.20|
||||||||f|E|
|Amounts|owed|to Hyndburn|||Borough|Council|1,355,187|289,041|
|Hire purchase
contracts|||||||45,775|75,378|
||||||||1,400'962|364,419|
##
##
||31.3.21|31.3.20|
|---|---|---|
||E|E|
|Expiry date:|||
|Within 1year|2,629|15,729|
|Between one and five years|438|3,068|
||3,067|18,797|
##
##
|||||31.3.21|31.3.20|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|Funds|
|||E|f||E|
|Fixed assets||302,044|22,902|324,946|403,893|
|Current|assets|596,058|86,917|682,975|329,741|
|Current|liabilities|(470,363)||(470,363)|(1,232,612)|
|Long term liabilities||(1,400,962)||(1,400,962)|(364,419)|
|Pension|scheme deficit|(4p140p000)||(4,140,000)|(2,788,540)|
|||(5,113,223)|109,819|(5,003,404)|(3,651,937)|
##
|UNRESTRICTED FUNDS|UNRESTRICTED FUNDS|UNRESTRICTED FUNDS|||||
|---|---|---|---|---|---|---|
||||Pension|General|Designated|Total|
||||deficit|funds|funds|funds|
||||E|f|E|E|
|Balance|at 1"April|2020|(2,788,540)|(991,622)|6p928|(3,773,234)|
|Net income / (expenditure)|||(1,351,460)|(14,740)||(1,366,200)|
|Transfers|between|funds||31,058|(4p847)|26,211|
||||(4,140,000)|(975,304)|2,081|(5,113,223)|
##
##
##
##
|RESTRICTED FUN|DS|||||||
|---|---|---|---|---|---|---|---|
|||At 1"April|Incoming|Outgoing|Fund|At 31"March||
|||2020|resources|resources|transfers|2021||
|||E|f|E|E|E||
|Project fund||||||||
|Active Community||2,477|||(2,477)|||
|Active Hyndburn|Extension|1,389|||(1,389)|||
|Cardiac Grant|||1,628|||1,628||
|Events at ATH||3,204||500||3,704||
|Feasibility study|||10p000|(10,000)||||
|Fixed assets||20,407|8,935|(6,440)||22,902||
|Garfield Grant —Room to play|||10,000|(10,000)||||
|Green Gym|||15,613|(10,200)|(5,413)|||
|Inclusion
Half Term Week||272|||(272)|||
|LEF —Bank Mill|||16,420|(16,420)||||
|Lottery Fund
—Consultancy|||4,540|||4p540||
|National
Recovery|Lottery Fund||51,296|(51,296)||||
|Ossy Joggers||37|||(37)|||
|PCCScheme||2,000|||(2,000)|||
|Phase 4 ATH||1,475|1,324|(2,280)|||519|
|Star Track||437|||(437)|||
|Street Games —Door Step Activity||160|130|(130)|(160)|||
|Talented Athletics|Fund|1p465|1||(1,466)|||
|Together an Active Fund||87,974|154,787|(186,740)|(41,874)|14,147||
|Up and Active|||35,227|(2,162)|29,314|62,379||
|Weight Management|||26p367|(26,367)||||
|||121,297|336,268|(321,535)|(26,211)|109,819||
##
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##
##
##
|Net Pension Deficits:|Net Pension Deficits:|||
|---|---|---|---|
|||31.3.21|31.3.20|
|||E|6|
|NHS Pension Scheme|||7,540|
|Lancashire|County Pension Scheme|4,140,000|2,781,000|
|||4,140,000|2,78&,540|
##
##
||||||31.3.21|31.3.20|
|---|---|---|---|---|---|---|
|Rate of CPI inflation|||||2.70|2.10|
|Rate ofincrease|in salaries||||4.20|3.60|
|Rate of increase|in pensions||||2.80|2.20|
|Discount rate|||||2.10|2.40|
|Life expectancy|ofa male future pensioner||aged 65 in 20years'||23.90|23.80|
|time|||||||
|Life expectancy|ofa female future|pensioner||aged 65 in 20 years'|26.90|26.80|
|time|||||||
|Life expectancy|of a male current pensioner|||aged 65|22.40|22.30|
|Life expectancy|ofa female current|pensioner||aged 65|25.10|25.00|
##
|The amounts
recognised||in the balance sheet are as follows:|in the balance sheet are as follows:|in the balance sheet are as follows:|in the balance sheet are as follows:||||
|---|---|---|---|---|---|---|---|---|
||||||||31.3.21|31.3.20|
||||||||E|E|
|Present value offunded||obligations|||||(11p475p000)|(9,298,000)|
|Fair value of plan assets|||||||7,335p000|6,517,000|
|Net pension
deficit|||||||(4,140,000)|(2,781,000)|
|Analysis ofamounts
charged to the Statement||||of Financial Activities;|||||
||||||||31.3.21|31.3.20|
||||||||E|E|
|Operating
charge|||||||||
|Current service cost|||||||298,000|424,000|
|Administration
expenses|||||||6,000|8,000|
|Total operating
charge|||||||304p000|432,000|
|Other finance costs|||||||||
|Expected return
on pension scheme|||assets||||(158,000)|(156,000)|
|Interest on pension scheme liabilities|||||||222,000|215,000|
|Net charge|||||||64,000|59,000|
|Total charge to resources||expended|in Statement of Financial Activities||||368,000|491,000|
|Analysis ofthe actuarial|gains and losses shown|||in the Statement||of Financial|Activities:||
||||||||31.3.21|31.3.20|
||||||||E|E|
|Actuarial
gains on assets|||||||559,000|40,000|
|Actuarial
losses on liabilities|||||||(1,730,000)|(97,000)|
|Actuarial
gain / (loss) recognised|||||||(1p171,000)|(57,000)|
|Changes
in the fair value|ofthe defined benefit|||obligation|are as|follows:|||
||||||||31.3.21|31.3.20|
||||||||E|E|
|Opening
defined benefit||obligation|||||9p298p000|8,638,000|
|Current service cost|||||||298,000|424,000|
|Interest on pension scheme liabilities|||||||222,000|215,000|
|Employee
contributions|||||||Sgp000|75,000|
|Actuarial
losses|||||||1,730,000|97,000|
|Benefits paid / transfers|||||||(131,000)|(151,000)|
|Closing defined
benefit obligations|||||||11,475,000|9,298,000|
|18.|PENSION ARRANGEMENTS|(CONTINUED)|||
|---|---|---|---|---|
||Changes
in the fair value of|plan assets are as follows;|||
||||31.3.21|31.3.20|
|||||f|
||Opening
fair value of plan|assets|6,517,000|6,173,000|
||Expected return
on plan assets||158,000|156,000|
||Actuarial
gains||559,000|40,000|
||Employer
contributions||180,000|232,000|
||Employee contributions||58,000|75,000|
||Administration
expenses||(6,000)|(8,000)|
||Benefits paid / transfers||(131,000)|(151,000)|
||Closing fair value of plan assets||7,335,000|6,517,000|
|The split|ofassets between|ofassets between|ofassets between|investment|categories|is as follows:||||
|---|---|---|---|---|---|---|---|---|---|
|||||||2021|2021|2020|2020|
|||||||f|No|f|No|
|Equities||||||3,440,000|46.90|3,454,000|53.00|
|Government||bonds||||||||
|Other bonds||||||||163,000|2.50|
|Property||||||1,042,000|14.20|554,000|8.50|
|Cash/liquidity||||||161,000|2.20|182,000|2.80|
|Other||||||2,692,000|36.70|2,164,000|33.20|
|||||||7,335,000|100.00|6,517,000|100.00|
|Amounts|for|the current|and previous||periods are as follows:|||||
|||||||2021|2020|2019|2018|
|||||||f|f|f|f|
|Defined|benefit obligation||||(11,475,000)||(9,298,000)|(8,638,000)|(7,670,000)|
|Plan assets||||||7,335o000|6,517,000|6,173,000|5,460,000|
|||||||(4,140,000)|(2,781,000)|(2,465,000)|(2,210,000)|
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||||31.3.21|31.3.20|
|---|---|---|---|---|
||||E|E|
|Grant funding|receivable|—unrestricted|75,000|75,000|
|COVID-19 Grant funding||receivable —unrestricted|705,320||
|Other income|receivable|—unrestricted|38,550|79,928|
|Other income|receivable|—restricted|||
|Net amounts|owed to Hyndburn
Borough Council||1,419,739|1,125,075|
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