2023-03-31-accounts - Hyndburn Leisure

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		Page
Report ofthe Trustees		1to10
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

							3L3.23	31.3.22
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	Funds
				Notes	E	E	E	f
INCOME
Income from donations
Donations					270,325		270,325	466,325
Income from charitable activities
Operation ofsports	facilities				2,202,201	1,843,651	4,045,852	2,773,941
Operation oftown	hall and	similar buildings			234,505	17,500	252,005	237,827
Income from other	activities
Commercial operations					14,414		14,414	186,776
Investments					1,051		1,051	55
Total Income					2,722,496	1,861,151	4,583,647	3,664,924
EXPENDITURE
Charitable activities
Operation ofsports facilities					3,057,923	1,593,019	4,650,942	3,365,199
Operation oftown	hall and	similar buildings			596,311	20,208	616,519	379,960
Pension operating	charge				356,000		356,000	282,000
Net interest on pension scheme			liability	18	89,000		89,000	85,000
Total expenditure					4099(234	Lp613p227	5712p461	4 112159
NET INCOME/(EXPENDITURE)					(1,376,738)	247,924	(1,128,814)	(447 235)
Transfers between	funds				77,564	(77,564)
					(1,299,174)	170,360	(1,128,814)	(447,235)
Other recognised	gains and losses
Pension scheme actuarial		gain/(loss)		18	4,998,000		4,998,000	1,201,000
NET MOVEMENT	IN FUNDS				3,698,826	170,360	3,869,186	753,765

						31.3.23	31.3.22
				Unrestricted	Restricted	Total	Tota I
				funds	funds	funds	Funds
			Notes	E	E	F.	f
NET MOVEMENT	IN	FUNDS		3,698,826	170,360	3,869,186	753,765
RECONCILIATION	OF	FUNDS
Total funds brought		forward		(4,303,201)	53,562	(4,249,639)	(5,003,404)
TOTAL FUNDS CARRIED FORWARD

			31.3.23	31.3.22
		Notes	E	E
FIXED ASSETS
Tangible assets			561,229	491,902
CURRENT ASSETS
Stock		10	10,189	10,189
Debtors		11	389,343	434,350
Cash at bank and in hand			344,008	347,543
			743,540	792,082
CURRENT LIABILITIES
Amounts falling due within	one year	12	(1,705,450)	(932,057)
NET CURRENT LIABILITIES			(961,910)	(139,975)
TOTAL ASSETS LESSCURRENT LIABILITIES			(400,681)	351,927
LONG TERM LIABILITIES
Amounts falling due after more than one year		13	(1,226,772)	(1,295,566)
NET LIABILITIES EXCLUDING PENSION DEFICIT			(1,627,453)	(943,639)
PENSION SCHEME SURPLUS/(DEFICIT)			1,247,000	(3,306,000)
NET LIABILITIES INCLUDING	PENSION DEFICIT
FUNDS
Unrestricted funds		16	(1,851,375)	(997,201)
Restricted funds		17	223,922	53,562
Pension scheme surplus/(deficit)		18	1,247,000	(3,306,000)
TOTAL FUNDS			(380,453)	(4,249,639)

				31.3.23	31.3.22
			Notes	E	f
Cash flows from charitable	activities
Cash generated from activities				294,315	391,957
Net cash from charitable activities				294,315	391,957
Cash flows from Investing	activities
Interestincome				1,051	55
Interest paid				(36,080)	(33,009)
Sale proceeds				225	1,350
Purchase oftangible fixed	assets			(157,640)	(251,445)
Net cash from investing activities				(192,444)	(283,049)
Cash flows from financing	activities
New borrowings in the year
Capital repayments in the	year			(105,406)	(95,252)
Net cash from financing activities				(105,406)	(95,252)
Increase/(decrease) In cash and cash equivalents				(3,535)	13,656
Cash and cash equivalents	at the beginning	ofthe year	2	347,543	333,887
Cash and cash equivalents	at the end ofthe	year	2	344,008	347,543

		3L3.23	31.3.22
		6	E
Deficit for the year (before gains and losses on the pension scheme)		(1,128,814)	(447,235)
Interest receivable		(1,051)	(55)
Interest payable		36,080	33,009
Depreciation charges		88,313	84,489
Pension scheme operating and interest costs		445,000	367,000
Profit and loss on the disposal ofassets		(225)	(1,350)
		(560,697)	35,858
Decrease/(increase)	in stocks		(4,009)
Decrease/(increase)	in trade and other debtors	45,007	(91,442)
(Decrease)/Increase	in trade and other creditors	810,005	451,550
Cash generated from charitable activities		294,315	391,957

Year	ended 31"March 2023
		31.3.23	1.4.22
		E	E
Cash	and cash equivalents	344,008	347,543
Year	ended 31"March 2022
		31.3.22	1.4.21
		f	f
Cash	and cash equivalents	347,543	333,887

		31.3.23	31.3.22
		E	f
Gifts in	kind —use of buildings	270,325	270,325
Donated	assets		196,000
		270,325	466,325

CHARITABLE ACTIVITI	ES
						31.3.23	31.3.22
Unrestricted Income:
Grants from Hyndburn	Borough			Council		280,540
Covid-19 grant from Hyndburn				Borough Council			108,395
Local council Covid-19	business			grants			78,551
Operational income from Hyndburn					Borough Council	49,813	86,542
Job retention scheme	grants						8,562
Income from the operation			of leisure and arts facilities			2,106,353	1,570,432
						2,436,706	1,852,482
Restricted Income:
Bridging Communities						7,400	99,702
Business Health Matters						96,931	16,500
Cardiac Grant						16,668
Community Champions	Fund						147,891
CommunIty Ownership	Fund					185,016
Culture and Heritage Fund						462
Events at Accrington Town			Hall			18,677	109
Fixed assets							1,055
Green Gym							2,240
Healthier Communities						145,555	31,790
Holiday Activity Fund						404,228	349,381
Household Support Fund						728,788	131,595
Innovate UK						2,926
Lancashire environmental		fund					30,000
Nationa I Lottery Grant						8,328	119,690
PASTA						38,375	7,235
Phase 4at Accrington	Town		I-lail				2,033
Suicide Prevention Fund						101
Together an Active Future		—Sport			England	142,801	143,614
Warm Space Grant						500
Weight Management	—Lancashire				County Council	64,395	76,451
						1,861,151	1,159,286
						4,297,857	3,011,768

OTHER ACTIVITIES	—COMMERCIAL OPERATIO	NS
			31.3.23	31,3,22
				f
Income from delivery ofthe Covid Community		Hub		186,776
Other commercial	income		14,414
			14,414	186,776

		Sports facilities	Town hall	&	Total 2023
			buildings
		E		E
Unrestricted expenses:
Costs directly allocated to activities:
Salaries, Nl and pensions		1,203,188	278,635		1,481p823
Other staff costs		8,396		2,420	10,816
Premises costs		654,262	84,855		739,117
Promotlons and marketing		1772		2,150	3,922
Depreciation		81,498		202	81,700
Profit and loss on disposal		225			225
Gifts in kind —use of buildings		270,325			270,325
Other costs		190,141	99,081		289,222
		2,409,807	467,343		2,877,150
Support and governance	costs allocated:
Support costs (note 6)		624,734	124,408		749,142
Governance costs (note 6)		23,382		4,560	27,942
		648,116	128,968		777,084
		3,057,923	596,311		3,654,234
Restricted expenses (note 17):
Salaries, Nl and pensions		556,103			556,103
Other staff costs		1,015			1,015
Premises costs		2,214			2,214
Promotions and marketing		4,440			4,440
Depreciation		6,611			6,611
Project delivery costs		1,011,109	20,208		1p031,317
Other costs		11,527			11,527
		1,593,019	20,208		1,613,227
		4,650,942	616,519		5,267,461

		Sports	Town hall &	Total 2022
		facilities	buildings
		E	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		4,667	1,549	6,216
Depreciation		80,317	895	81,212
Notional cost ofgym equipment		(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
		2,237,333	379,960	2,617,293
Restricted expenses:
Salaries, Nl and pensions		656,551		656,551
Other staff costs		21		21
Premises costs		5,540		5,540
Promotions and marketing		220		220
Depreciation		3,153		3,153
ProJect delivery costs		13,721		13,721
Othercosts		448,660		448,660
		1,127,866		1,127,866
		3,365,199	379,960	3,745,159

Net resources are stated	Net resources are stated	after charging;	after charging;	after charging;
						31.3.23	31.3.22
						f	f
Auditors' remuneration:		Audit fee				8,200	8,200
Auditors' remuneration:		Non-audit		services		12,251	9,900
Operating lease rentals		—other				458	2,629
Operating lease rentals		—property				270,325	270,325
Indemnity insurance	for trustees		and senior		staff	402	1,400
Depreciation						81,498	84,488
Profit and loss on disposal						225	(1,350)
STAFF COSTS
						31.3.23	31.3.22
						f	f
Wages and salaries						2,043,461	1,571,801
Social security costs						118,194	93,776
Other pension costs						278,256	230,568
						2,439,911	1,896,145
The average monthly	number of employees				during the year was as follows:
						31.3.23	31.3.22
Employees						157	133

		Freehold	Improvements	Facilities	Fixtures &
		Property	to property		Equipment	Totals
		6	E		E
COST
At 1"April 2022		235,231	435,602	371p163	1p304p268	2,346,264
Additions		157,640				157,640
At 31"March 2023		392,871	435,602	371,163	1,304,268	2,503,904
DEPRECIATION
At 1n April 2022		784	336,944	371,163	1,145,471	1,854,362
Charge for year		5,229	19,998		63,086	88,313
At 31"March 2023		6,013	356,942	371,163	1,208,557	Lp942,675
NET BOOK VALUE
At 31"March	2023	386,858	78,660		95,711	561,229
At 31u March	2022	234,447	98,658		158,797	491,902
STOCK
					31.3.23	31.3.22
					F.	E
Bar stocks					6,771	6,771
Pool chemicals					1,085	1,085
Vending and food					2I333	2,333
					10,189	10,189
DEBTORS:AMOUNTS		FALLING DUE WITHIN	ONE YEAR
					31.3.23	31.3.22
					f	f
Trade debtors					86,395	79,363
Prepayments	and accrued income				305,948	354,987
					392,343	434,450

					31.3.23	31.3.22
					E	f
Trade creditors					122,398
Taxation	and social security				87,992	44,743
Amounts	owed	to Hyndburn		Borough Council	886,046	316,041
Hire purchase		contracts			3,648	42,127
Accruals	and deferred income				605,366	529,146
					1,705,450	932,057
CREDITORS'.AMOUNTS			FALLING DUE AFTER MORE THAN ONE YEAR
					31.3.23	31.3.22
					f	E
Amounts	owed	to Hyndburn		Borough Council	1,226,772	1,291,918
Hire purchase		contracts				3,648
					1,226,772	1,295,566

				31.3.23	31.3.22
				f	f
Expiry date:
Within 1year
Between one and five years					438
					438
ANALYSIS OF NET LIABILITIES BETWEEN FUNDS
				31.3.23	31.3.22
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	Funds
		6	E	E	f
Fixed assets		390,452	170,777	561,229	491,902
Current	assets	690,395	53,145	743,540	792,082
Current	liabilities	(1,705,450)		(1,705,450)	(932,057)
Long term liabilities		(1,226,772)		(1,226,772)	(1,295,566)
Pension	scheme surplus	1,247,000		1,247,000	(3,306,000)
		(604,375)	223,922	(380,453)	(4,249,639)

UNRESTRICTED FU	NDS
		Pension	General	Designated	Total
		(deficit)/surplus E	funds E	funds f	funds E
Balance at 1n April	2022	(3,306,000)	(999,282)	2,081	(4,344,792)
Net income / (expenditure)		4,553,000	(931,738)		3,621,259
Transfers between	funds		78,173	(609)	77,564
		1,247,000	(1,852,847)	1,472	(604,375)

RESTRICTED FUNDS
			At 1"April	Incoming	Outgoing	Fund	At	31"March
			2022	resources	resources	transfers		2023
			E	f	E		E	f
Project fund
Bridging Communities				7,400	(7,400)
Business Health Matters				96,931	(96,931)
Cardiac Grant				16,668	(16,668)
Community Ownership	Fund			185,016	(27,377)	(157,639)
Culture and Heritage	Fund			462	(462)
Events at Accrington Town		Hall	3,813	18,677	(20,208)			2,282
Fixed assets			19,749		(6,611)	157,639		170,777
Healthier Communities				145,555	(115,892)	(17,681)		11,982
Holiday Activity Fund				404,228	(333,190)	(58,723)		12,315
Household Support Fund				728,788	(728,788)
Innovate UK				2,926	(2,926)
Lancashire Environmental		Fund	30,000		(30,000)
National Lottery Grant				8,328				8,328
PASTA				38,375	(18,977)	(1,160)		18,238
Suicide prevention Fund				101	(101)
Together an Active Fund				142,801	(142,801)
Warm Space Grant				500	(500)
Weight Management				64,395	(64,395)
			53,562	1,861,151	(1,613,227)	(77,564)		223,922

Net Pension surplus/(deflclt):	Net Pension surplus/(deflclt):	Net Pension surplus/(deflclt):
			31.3.23	31.3.22
			f	f
Lancashire	County	Pension Scheme	1,247,000	(3,306,000)
			1,247,000	(3,306,000)

				31.3.23	31.3.22
Rate of CPI inflation				2.70	3.30
Rate ofincrease in salaries				4.20	4.80
Rate ofincrease in pensions				2.80	3.40
Discount rate				4.80	2.80
Life expectancy ofa male future pensioner		aged 65 in 20years'		22.80	23.70
time
Life expectancy of a female future	pensioner		aged 65 in 20 years'	25.60	26.80
time
Life expectancy of a male current pensioner		aged 65		21.50	22.30
Life expectancy of a female current	pensioner		aged 65	23.80	25.00
The amounts recognised ln the balance sheet		are as follows:
				31.3.23	31.3.22
					f
Present value offunded obligations				(Tp465p000)	(11,807,000)
Fair value of plan assets				Bp712p000	8,501,000
Net pension surplus/(deficit)				1,247,000	(3,306,000)

Analysis	of amounts charged to the Statement	of amounts charged to the Statement	of amounts charged to the Statement	of amounts charged to the Statement	of	Financial Activities;	Financial Activities;	Financial Activities;	Financial Activities;
										31.3.23	31.3.22
										E	f
Operating charge
Current	service cost									620,000	498,000
Administration expenses										9,000	7,000
Total operating charge										629,000	505,000
Other finance costs
Expected return on pension scheme			assets							(239,000)	(155,000)
Interest	on pension scheme liabilities									328,000	240,000
Net charge										89,000	85,000
Total charge to resources expended			in	Statement		of Financial		Activities		718,000	590,000
Analysis	ofthe actuarial	gains and losses shown			ln	the Statement			of Financial	Activities:
										31.3.23	31.3.22
											E
Actuarial	gains/(losses)	on assets								(99,000)	902,000
Actuarial	gains/(losses)	on liabilities								5,097,000	299,000
Actuarial	gain / (loss) recognised									4,998,000	1.,201,000
Changes	in the fair value	ofthe defined		benefit	obligation		are	as	follows:
										31.3.23	31.3.22
										E	E
Opening	defined benefit	obligation								11,807,000	11,475,000
Current	service cost									620,000	498,000
Interest	on pension scheme liabilities									328,000	240,000
Employee contributions										91,000	73,000
Actuarial	(gains)/losses									(5,097,000)	(299,000)
Benefits	paid / transfers									(284,000)	(180,000)
Closing	defined benefit	obligations								7,465,000	11,807,000

									31.3.23	31.3.22
									f	f
Opening	fair	value of plan			assets			S,501,000		7,335,000
Expected	return		on plan	assets					239,000	155,000
Actuarial	gains								(99,000)	902,000
Employer	contributions								(9,000)	223,000
Employee	contributions								273,000	73,000
Administration		expenses							91,000	(7,000)
Benefits	paid	/ transfers							(284,000)	(180,000)
Closing fair value of plan					assets				8,712,000	8,501,000
The split ofassets			between		investment	categories	is as follows:
							2023	2023	2022	2022
							f		f	'Yo
Equities							9,000	0.10	8,000	0.10
Government		bonds							68,000	0.80
Other bonds							17,000	0.20
Property							131,000	1.50	136,000	1.60
Cash/liquidity							70,000	0.80	213,000	2.50
Other							8,485,000	97.40	8,076,000	95.00
							8,712,000	100.00	8,501,000	100.00
Amounts	for the		current	and previous		periods are as follows:
							2023	2022	2021	2020
							f	f	f	f
Defined	benefit		obligation				(7,465,000)	(11,807,000)	(11,475,000)	(9,298,000)
Plan assets							8,712,000	8,501,000	7,335,000	6,517,000
							1,247,000	(3,306,000)	(4,140,000)	(2,781,000)

Hyndburn B	orough Coun	cil at 31March 2023 are summa rised as	follows:
			31.3.23	31.3.22
			E	f
Unrestricted	grant income		280,540
COVID-19 Grant funding		receivable —unrestricted		108,395
Unrestricted	operational	income	49,813	86,542
Net amounts	owed to Hyndb urn Borough Council		2,112,818	1,607,959