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2022-03-31-accounts

Page
Report ofthe Trustees 1to 10
Report ofthe Independent Auditors 11to 13
Statement of Financial Activities 14to 13
Balance Sheet 16to 17
Cash Flow statement 18to 19
Notes to the Financial Statements 20to 34

31.3.22 31.3.21
Unrestricted Restncted Tota I Tota
I
funds funds funds Funds
Notes E f E E
INCOME
Income from donations
Donations 2 466,325 466,325 270,325
Income from charitable activities
Operation
ofsports
facilities 1,616,797 1,157,144 2,773,941 1,980,798
Operation
oftown
hall and similar buildings 235,685 2,142 237,827 127,406
Income from other activities
Commercial
operations
186,776 186,776 340,971
Investments 55 55 79
Total income 2,505,638 1~159~286 3p664p924 2)719579
EXPENDITURE
Charitable
activities
Operation
ofsports
facilities 2,237,333 1,127,866 3,365,199 2,095,070
Operation
oftown
hall and similar
buildings 379,960 379,960 624,516
Pension operating
charge
282,000 282,000 116,460
Net interest on pension scheme liability 18 85,000 85,000 64,000
Total expenditure 2,984,293 1,127,866 4,112,159 2,900,046
NET INCOME/(EXPENDITURE) (478,655) 31420 (447,235) (180,467)
Transfers between funds 87,677 (87,677)
(390,978) (56,257) (447,235) (180,467)
Other recognised
gains and losses
Pension scheme actuarial gain/(loss) 18 1,201,000 1,201,000 (1,171,000)
NET MOVEMENT
IN
FUNDS 810p022 (56257) 753p765 (1351467)

31.3.22 31.3.21
Unrestricted Restricted Total Total
funds funds funds Funds
Notes E E E E
NET MOVEMENT IN FUNDS 810,022 (56,257) 753,765 (1,351,467)
RECONCILIATION OF FUNDS
Total funds brought forward (5,113,223) 109,819 (5,003,404) (3,651,937)
TOTAL FUNDS CARRIED FORWARD (4,303,201) 53,562 (4,249,639) (5,003,404)

31.3.22 31.3.21
Notes E E
FIXED ASSETS
Tangible assets 491,902 324,946
CURRENT ASSETS
Stock 10 10,189 6,180
Debtors 11 434,350 342,908
Cash at bank and in hand 347,543 333,887
792,082 682,975
CURRENT LIABILITIES
Amounts
falling due within
one year 12 (932,057) (470,363)
NET CURRENT LIABILITIES (139,975) 212,612
TOTAL ASSETS LESSCURRENT LIABILITIES 351,927 537,558
LONG TERM LIABILITIES
Amounts
falling due after more than one year
13 (lp295~566) (1400962)
NET ASSETS EXCLUDING PENSION DEFICIT (943,639) (863,404)
PENSION SCHEME DEFICIT 18 (3,306,000) (4,140,000)
NET LIABILITIES INCLUDING PENSION DEFICIT (4 249 639) (5003404)
FUNDS
Unrestricted
funds
16 (997,201) (973,223)
Restricted funds 17 53,562 109,819
Pension scheme deficit 18 (3,306,000) (4,140,000)
TOTALFUNDS (4,249,639) (5,003,404)

31.3.22 31.3.21
Notes E E
Cash flows from charitable activities
Cash generated
from activities
359,974 (855,438)
Net cash from charitable
activities
359,974 (855,438)
Cash flows from investing activities
Interestincome 55 79
Interest
paid
(33,009) (14,871)
Sale proceeds 1,350
Purchase oftangible fixed assets (251,445) (8,277)
Net cash from investing
activities
(283p049) (23,069)
Cash flows from financing activities
New borrowings
in the year
1,123,008
Capital repayments
in the
year (63,269) (56,367)
Net cash from financing
activities
(63,269) 1,066,641
Increase/(decrease)
in cash and cash equivalents
13,656 188,134
Cash and cash equivalents at the beginning ofthe year 333,887 145,753
Cash and cash equivalents at the end ofthe year 347,543 333,887

31.3.22 31.3.21
E
Deficit for the year (447,235) (180,467)
Interest receivable (55) (79)
Interest payable 33,009 14,871
Depreciation
charges
84,488 87,224
Profit and loss on the disposal ofassets (1,350)
(331,143) (78,451)
Decrease/(increase) in stocks (4,009) 4,817
Decrease/(increase) in trade and other debtors (91,442) (169,917)
(Decrease)/increase in trade and other creditors 419,568 (792,347)
Pension scheme operating
and
interest costs 367,000 180,460
Cash generated
from
charitable
activities
359,974 (855,438)

Year ended 31"March 2022
31.3.22 1.4.21
f E
Cash and cash equivalents 347,543 333,887
Year ended 31"March 2021
31.3.21 1.4.20
E f
Cash and cash equivalents 333,887 145,753

DONATIONS
31.3.21 31.3.20
E E
Gifts in kind —use of buildings 270,325 270,325
Donated assets 196,000
466,325 270,325
In 2021,ofthe total donation income, F270,325 was unrestricted funds.

CHARITABLE ACTIVITIES
31.3.22 31.3.21
Unrestricted
income:
Grants from Hyndburn
Borough
Council 75,000
Covid-19 grant from Hyndburn Borough Council 108,395 705,320
Local council Covid-19 business grants 78,551 203,080
Other income from Hyndburn Borough Council 86,542 38,550
Notional
income from Hyndburn
Borough Council 16,335
Job retention
scheme grants
8,562 498,390
Income from the operation of leisure and arts facilities 1,570,432 235,262
1,852,482 1,771,937
Restricted income:
Business Health Matters 99,702
Cardiac Fund 16,500 1,628
Consultancy
—Lottery Fund
4,540
Community
Champions
Fund
147,891
Door Step Activity
Fund
—Street
Games Fund 130
Events at Accrington
Town
Hall
109
Feasibility study 10,000
Fixed assets 1,055 8,935
Green Gym —Sport England 2p240 15,613
Healthier
Communities
31,790
Holiday Activity
Fund
349,381
Household
Support
Fund
131,595
Lancashire
Environmental
Fund
30,000 16,420
National
Recovery Lottery Fund
-Sport England 119,690 51,296
PASTA 7,235
Phase 4at Accrington
Town
Hall
2,033 1,324
Room to Play
—Garfield Grant
10,000
Together an Active Future —Sport England 143,614 154,787
Up and Active —Lancashire
County
Council 35,227
Weight Management
—Lancashire
County Council 76,451 26,367
1,159,286 336,267
3,011,768 2,108,204

Sports facilities Town hall & Tota I 2022
buildings
E E
Unrestricted
expenses:
Costs directly allocated to activities:
Salaries,
Nl and pensions
774,592 143'995 918,587
Other staff costs 7,272 2,530 9,802
Premises costs 449'964 78,432 528,396
Promotions
and marketing
4p667 1,549 6,216
Depreciation 80,317 895 81,212
Profit and loss on disposal (1,350) (1,350)
Gifts in kind —use of buildings 270,325 270,325
Bad and doubtful
debts
7,053 7,053
Other costs 139,256 53,769 193,025
1,732,096 281,170 2,013,266
Support
and governance
costs allocated:
Support costs (note 6) 472,432 93,219 565,651
Governance
costs (note 6)
32,805 5,571 38'376
505,237 98,790 604,027
2I237.333 379,960 2,617,293
Restricted expenses:
Salaries,
Nl and pensions
656p551 656,551
Other staff costs 21 21
Premises costs 5,540 Sp540
Promotions
and marketing
220 220
Depreciation 3,153 3,153
Other costs 462,381 462,381
1,127,866 1,127p866
3,365,199 379,960 3,745,159

Sports Town hall & Total 2021
facilities buildings
E 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 equipment 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) 374,141 132,894 507,035
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
Prom otions 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

Net resources are stated Net resources are stated Net resources are stated after charging: charging: charging:
31.3.22 31.3.21
E E
Auditors' remuneration: Audit fee 8,200 8,200
Auditors' remuneration: Non-audit services 9,900
Operating lease rentals —other 2,629 2,629
Operating lease rentals —property 270,325 270,325
Indemnity insurance for trustees and senior staff 1,400 1,297
Depreciation 84,488 87,224
Profit and loss on disposal (1,350)
STAFF COSTS
31.3.22 31.3.21
f E
Wages and salaries 1,571,801 1,252,143
Social security costs 93,776 65,093
Other pension costs 230,568 182,067
1,896,145 1,499,303
The average
monthly
number ofemployees during the year was as follows:
31.3.22 31.3.21
Employees 133 133

Freehold Freehold Improvements Improvements Facilities Fixtures &
Property to property Equipment Totals
E E E
COST
At 1"April 2021 435,602 371163 tp288g054 2094~819
Additions 235,231 16,214 251,445
At 31*'March 2022 235,231 435,602 371163 1~304p268 2p346~264
DEPRECIATION
At 1"April 2021 324 278 371163 1(074433 1p769874
Charge for year 784 12,666 71,038 84,488
At 31n March 2022 784 336,944 371,163 1p145471 1p845p362
NET BOOK VALUE
At 31"March 2022 234,447 98,658 158,797 491,902
At 31"March 2021 111,325 213,621 324,946
10. STOCK
31.3.22 31.3.21
E E
Bar stocks 6,771 2,439
Pool chemicals 1,085 2,325
Vending and food 2.333 1,416
10p189 6,180
11. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
E E
Trade debtors 79'363 12,909
Prepayments
and accrued income
354,987 329,699
Other debtors 300
434,450 342,908

31.3.22 31.3.21
E E
Trade creditors 1,200
Taxation and social security 44,743 39,522
Amounts owed to Hyndburn Borough Council 316,041 64,552
Hire purchase contracts 42,127 39,092
Accruals and deferred
income
529,146 325,997
932,057 470,363
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22 31.3.21
E f
Amounts owed to Hyndburn Borough Council 1p291,918 1,355,187
Hire purchase contracts 3,648 45,775
1,295,566 1,400,962

31.3.22 31.3.21
f E
Expiry date:
Within 1year 438 2,629
Between one and five years 438
438 3,067
ANALYSIS OF NET LIABILITIES BETWEEN FUNDS
31.3.22 31.3.21
Unrestricted Restricted Total Total
funds funds funds Funds
E E f E
Fixed assets 472,153 19,749 491,902 324,946
Current assets 758,269 33,813 792,082 682,975
Current liabilities (932,057) (932,057) (470,363)
l.ong term liabilities (1,295,566) (1,295,566) (1,400,962)
Pension scheme deficit (3,306,000) (3,306,000) (4,140,000)
(4,303,201) 53,562 (4,249,639) (5,003,404)

UNRESTRICTED FU NDS
Pension General Designated Total
deficit funds funds funds
E E E E
Balance at 1"April 2021 (4,140,000) (975,304) 2,081 (5,113,223)
Net income / (expenditure) 834,000 (111,655) 722,345
Transfers between funds 8' 677 87,677
(3,306,000) (999,282) 2,081 (4,303,201)

RESTRICTED FUNDS
At 1"April Incoming Outgoing Fund At31"March
2021 resources resources transfers 2022
E E E E E
Project fund
Business Health Matters 99,702 (99,702)
Cardiac Grant 1,628 16,500 (18,128)
Community
Champions
Fund 147,891 (87,891) (60,000)
Events at Accrington
Town
Hall 3,704 109 3,813
Fixed assets 22'902 1,055 (4,208) 19,749
Green Gym 2,240 (2,240)
Healthier
Communities
31,790 (28,720) (3,070)
Holiday Activity
Fund
349,381 (324,774) (24,607)
Household
Support
Fund
131,595 (131,595)
Lancashire
Environmental
Fund 30,000 30,000
Lottery Fund
—Consultancy
4,540 (4,540)
National
Recovery Lottery
Fund 119,690 119,690
PASTA 7,235 (7,235)
Phase 4 at Accrington Town Hall 519 2,033 (2,552)
Together an Active Fund 14,147 143,614 (157,761)
Up and Active 62,379 (62,379)
Weight Management 76,451 (76,451)
109,819 1,159,286 (1,127,866) (87,677) 53,562

Net Pension Deficits: Net Pension Deficits:
31.3.22 31.3.21
E E
Lancashire County Pension Scheme 3,306'000 4,140,000
3p306,000 4,140,000

31.3.22 31.3.21
Rate of CPI inflation 3.30 2.70
Rate ofincrease in salaries 4.80 4.20
Rate ofincrease in pensions 3.40 2.80
Discount rate 2.80 2.10
Life expectancy of a male future pensioner aged 65 in 20 years' 23.70 23.90
time
Life expectancy ofa female future pensioner aged 65 in 20 years' 26.80 26.90
time
Life expectancy of a male current pensioner aged 65 22.30 22.40
Life expectancy ofa female current pensioner aged 65 25.00 25.10

The amounts
recognised
in t he balanc e sheet a re as follo ws:
31.3.22 31.3.21
E E
Present value offunded obligations (11p807,000) (11,475,000)
Fair value of plan assets 8,501,000 7,335,000
Net pension
deficit
(3,306,000) (4,140,000)
Analysis ofamounts
charged
to the Statement of Financial Activities:
31.3.22 31.3.21
E f
Operating
charge
Current service cost 498,000 298,000
Administration
expenses
7,000 6,000
Total operating
charge
505,000 304,000
Other finance costs
Expected return
on pension
scheme assets (155,000) (158,000)
Interest on pension
scheme
liabilities 240,000 222,000
Net charge 85,000 64,000
Total charge to resources expended in Statement of Financial Activities 590,000 368,000
Analysis ofthe actuarial gains and losses shown in the Statement of Financial Activities:
31.3.22 31.3.21
E E
Actuarial
gains on assets
902,000 559,000
Actuarial gains/(losses) on liabilities 299,000 (1,730,000)
Actuarial
gain / (loss) recognised
1,201,000 (1,171,000)
Changes
in the fair value
ofthe defined benefit obligation are as follows:
31.3.22 31.3.21
E E
Opening
defined benefit
obligation 11,475,000 9,298,000
Current service cost 498,000 298,000
Interest on pension scheme liabilities 240,000 222,000
Employee
contributions
73,000 58,000
Actuarial
(gains)/losses
(299,000) 1,730,000
Benefits paid / transfers (180,000) (131,000)
Closing defined benefit obligations 11,807,000 11,475,000

Changes
in the
f air value o f plan asset s are as follo ws:
31.3.22 31.3.21
E E
Opening fair value of plan assets 7,335,000 6,517,000
Expected return on plan assets 155p000 158,000
Actuarial
gains
902,000 559,000
Employer contributions 223,000 180,000
Employee
contributions
73p000 58,000
Administration expenses (7,000) (6,000)
Benefits paid / transfers (180,000) (131,000)
Closing fair value of plan assets 8,501,000 7,335,000
The split ofassets between investment categories is as follows:
2022 2022 2021 2021
E E
Equities 8,000 0.10 3,440,000 46.90
Government bonds 68,000 0.80
Other bonds
Property 136,000 1.60 1,042,000 14.20
Cash/liquidity 213,000 2.50 161,000 2.20
Other 8,076,000 95.00 2,692,000 36.70
7,335,000 100.00 7,335,000 100.00
Amounts
for the
current and previous periods are as follows:
2022 2021 2020 2019
E E E E
Defined benefit obligation (11,807,000) (11,475,000) (9,298,000) (8,638,000)
Plan assets 8,501,000 7,335,000 6,517,000 6,173,000
(3,306,000) (4,140,000) (2,781,000) (2,465,000)

31.3.22 31.3.21
E E
Grant funding receivable —unrestricted 75,000
COVID-19 Grant funding receivable —unrestricted 108,395 705,320
Other income receivable —unrestricted 86,542 38,550
Net amounts owed to Hyndburn
Borough Council
1,607,959 1,419,739