## |||||Page| |---|---|---|---|---| |Report ofthe Trustees incorporating||strategic report||1-7| |Reference and administrative
details||ofthe|Charity,|1-2| |its Trustees and advisors||||| |Structure, governance
and management||||2-3| |Objectives and activities||||| |Strategic report||||4-7| |- Fundraising||||| |-Achievements
and performance||||| |- Financial
review||||5-6| |- Principal risks and uncertainties||||| |- Future plans||||| |- Disabled persons||||| |Statement
ofTrustees'
Responsibilities||||| |Report ofthe Independent|Auditors|||9-10| |Consolidated
Statement|of Financial|Activities||| |(incorporating
an Income|and Expenditure||Account 8|| |Statement
of Other Comprehensive||Income)||| |Consolidated
Balance Sheet||||12| |Company
Balance Sheet||||13| |Consolidated
Cash Flow|Statement|||14| |Notes to the Consolidated|Cash Flow Statement|||15| |Notes to the Consolidated|Financial|Statements||16-42| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||HALO LEISURE SERVICES LIMITED|HALO LEISURE SERVICES LIMITED|HALO LEISURE SERVICES LIMITED|HALO LEISURE SERVICES LIMITED|HALO LEISURE SERVICES LIMITED|||||| |---|---|---|---|---|---|---|---|---|---|---| ||CONSOLIDATED STATEMENT OF FINANCIAL|||||ACTIVITIES||||| |Incor||oratln|a consolidated
Income and Ex enditure||||Account||and|| |Statement|of Other||Com|rehenslve
Income|for the Year|Ended 31||December 2022||| |||||Unrestricted|Restricted|FRS102s.28|||Total Funds|Total Funds| |||||Funds|Funds|Unrestricted|||Year to|Year to| ||||||||Funds||31.12.2022|31.12.2021| ||||NOTE||E|||E|E'|E| |INCOME||||||||||| |Donations
and legacies|||||313,164||||313,164|2,348,327| |Income from charitable|activities:|||||||||| |Operation
ofLeisure sites||||13,707,590|415,838||||14,123,428|9,243,420| |Income from other trading activities:||||||||||| |Commercial
trading operations||||134,527|||||134,527|180,773| |Investment
income||||368,448|||||368,448|| |Other income||||109,293|||||109,293|1,176,039| |TOTAL INCOME||||14,319,858|729,002||||15,048,860|12,948,559| |EXPENDITURE||||||||||| |Costs ofraising funds:||||||||||| |Commercial
trading operations||||41,982|||||41,982|49,447| |Expenditure
on charitable
activities:||||||||||| |Leisure activities|||12|13,900,077|1,403,718||881,000||16,184,795|13,104,387| |TOTAL EXPENDITURE||||13,942,059|1,403,718||881,000||16,226,777|13,153,834| |NET (EXPENDITURE)|I INCOME|||||||||| |BEFORE TAXATION
AND||||377,799|(674,716)||(881,000)||(1,177,917)|(205,275)| |TRANSFERS||||||||||| |GROSS TRANSFERS|BETWEEN|||||||||| |FUNDS||||||||||| |NET (EXPENDITURE)|I INCOME|||||||||| |BEFOREACTUARIAL||||377,799|(674,716)||(881,000)||(1,177,917)|(205,275)| |(LOSSES)/GAINS
UNDER FRS102||||||||||| |OTHER RECOGNISED|GAINS AND|||||||||| |LOSSES||||||||||| |Remeasurements
on defined||benefit||||||||| |pension schemes|||27|||18,334,000|||18,334,000|3,458,000| |NET INCOME I(EXPENDITURE)||||377,799|(674,716)|17,453,000|||17,156,083|3,252,725| |FUNDS BROUGHT FORWARD||||(979,732)|3,079,229|(12,706,000)|||(10,606,503)|(13,859,228)| |FUNDS CARRIED FORWARD||||(601,933)|2,404,513||4,747,000||6,549,580|(10,606,503)| |HAl O.LEISURE SERYICES LIMITED|HAl O.LEISURE SERYICES LIMITED|HAl O.LEISURE SERYICES LIMITED||||Company
Registered number. 0433571'5
Registered
Charity number: 109'I543|Company
Registered number. 0433571'5
Registered
Charity number: 109'I543|Company
Registered number. 0433571'5
Registered
Charity number: 109'I543|Company
Registered number. 0433571'5
Registered
Charity number: 109'I543| |---|---|---|---|---|---|---|---|---|---| |||.CONSOLIDATED 'BALANCE. SHEET|||||||| ||||3'I|December. 2022|||||| ||||||31,12,22|||31.1.2.21|| ||||Note's||||||| |FIXED ASSETS'|||||||||| |)rattan'gible
assets
Tangible assets|||I4
1'5||13,878 233.|||13|12,821
702961| ||||||13,878,233.|||13,715,482|| |CURRENTASSETS
Stocks
Debto'rs
Cash at ljanfand
in hanDd|||1.7
18,|40,G58.
562,663
2,9'I 2,962|||'34+68
563,479
3441 926||| |||||3,515,683|||:3,979,?73||| |CREDITORS
Amounts
falling due within||one year|19.|4695 655|||2,921,,923||| |NET CURRENT (UABIL'ITIES)/ASSETS|||||~T,879,972|||I|057850| |TOTAL ASSETSLESS CURRENT
LIABILITIE+|||||t2;798+61|||1'4,7733382|| |.CREDITORS|||||||||| |Amounts
falling due after
one year||more than|20.||(10,891';772),|||(12,544,260),|| |DEFERDRED INCOME||||||(:1'031909).|||(1:29,575)| |NET'ASSETS BEFORE.PENSION'('ASSET)'/LIABILITY|||||'I,BD2 580|||.2;093,497|| |',PENSIOI4 (ASSET)/LIABILITY|||27||(4,747,OOO}|||12;706,900|| |FUNDS
Unrestricted
income funds|||25|4,,145,067|||(13,685,732)'||| |Unrestricted
designate'd
Restricted funds|funds||25
25|~404, 513|||3|079;229|| |TOTAL FUNDS|||||6,549,580|||tI~0,6D6 5D3|| ||||||I|882 58D||;2|.099497| |ON BEHALF
FTHE|BOA'RD.'||||||||| |9 J'ay
JS u'
~ C
i|n|i|||N A|Sellar - Trustee|||| |||~l ~|||||||| |JG Huxley -
mpany|Secretary.||||||||| |Pate'.
gggg~|||||||||| ## |||||||||h|i|1091543| |---|---|---|---|---|---|---|---|---|---|---| |.HALO,
'LEISURE SERVICESLIMITED|||||||Registered|c|arty. nLumber:|| |||||COMPANY BALANCE SHEET||||||| ||||||31Deceniber 2022|||||| ||||||31'.12.22||||3'1,12.21|| |||||Notes||||||| |FIXEDASSETS||||||||||| |intangible
assets. :
Tangible assetS||||14
15'||1',882,:790|||8005'f
11,642,901,|| |Investments||||16||||||1| |||||||1'1,882,790'|||11,650',958:|| |CURRENT ASSETS||||||||||| |Stacks||||17|4'0,058.||||349368|| |Debtors
Cash atbank and|iri hand|||18|508,848
2 827,84'5|||3|617;998
I'83,103:|| ||||||+376,749|||3,835,489'||| |CREDITORS||||||||||| |Ariiaunts
falli'ng du(;.vrithin|||ojeyear'|19|~4497 64|||2628079||| |NET CURRENT (LIABILITIES)/ASSETS||||||1,120,815.|||1,099,390|| |TOTAL ASSETS'|LESSCURRENT|||||||||| |LIABILITIES||||||10,761,975|||12,660:,343|| |CFlEDITORS.||||||||||| |Amounts
falling due aftei'|||moi'e. than|20||('10,891;,772):|||'.(12,544,260)|| |one year||||||||||| |DEFERRED INCOME||||:24|||'(103;909)|||(129,575)| |NET LIABILITIES|BEFOREPENSION|||(ASSETI/LIABILITY||~233,706I:|||~13492|| |PENSION (ASSET)/LIABILITY||||||'(4,7341?,000)|||12,706,000|| |FUNDS||||||||||| |Unrestricted
income funds||||25|4,097,456|||.(13,751,202)||| |Unrestricted
designated
Restrict'ed funds||fiends||25.
25'
415888||||1,03(-710||| |TOTAL FUNDS||||'25||4,5(8 294|||(1~2,719492;|| |||||||~233 706|||~13492.|| |ON.BE
OFTHE BOARD:||||||||||| |R
Curtis - Cha'||||||N A|Sellar -Trustee|||| |JG Huxley- Com|||etary|||||||| ## |HALO LEISURE SERVICES LIMITED|HALO LEISURE SERVICES LIMITED|||| |---|---|---|---|---| |CONSOLIDATED CASH||FLOW STATEMENT||| |for the Year Ended 31 December 2022||||| ||||Year to|Year to| ||||31.12.22|31.12.21| ||Notes|||F| |Cash flows from operating
activities||||| |Cash generated
from operations|||628,616|1,950,559| |Proceeds from sale of investment
Interest received|||(350,000)
~18,448|| |Net cash from operating
activities|||260,168|1,950,559| |Cash flows from investing
activities||||| |Purchase
of intangible
fixed assets||||| |Purchase
of tangible
fixed assets|||(870,520)|(31,547)| |Proceeds from sale of investment|||350,000|| |Proceeds from fixed asset disposal|||2,263|| |Interest received|||18,448|| |Net cash from investing
activities|||499,809|31 547| |Cash flows from financing
activities||||| |New finance lease agreements
in year|||(205,269)|| |New bank loan||||| |Repayment
of bank loans
Hire purchase
repayments
in year
Interest element
of hire purchase
and lease payments|||(150,000)
534,753
~468,806|(25,000)
(223,911)
~162,143| |Net cash from financing
activities|||289322|411,054| |Change
in cash and cash equivalents|in the reporting|period|~528,964|1,507,958| |Cash and cash equivalents
at the
beginning
of the reporting
period|||3,441,926|1,933,968| |Cash and cash equivalents
at the
end ofthe reporting
period|||2,912,962|3441,926| ## ## ## ## ## |RECONCILIATION
OF
ACTIVITIES|NET MOV|EMENT|IN|FUNDS TO NET CASH INF|LOW FROM OPERA|TING| |---|---|---|---|---|---|---| ||||||Year to|Year to| ||||||31.12.22|31.12.21| |Net movement
in funds|||||17,156,083|3,252,725| |Actuarial
(gains)/losses
Interest element
of hire|on defined benefit
purchase/finance||pension schemes
lease payments||(18,334,000)
468,806|(3,458,000)
500,727| |Depreciation/amortisation|charges||||702,999|713,792| |(Increase)/decrease
in|stocks||||(5,690)|215| |(Profit)/loss
on disposal
(Increase)/decrease
in|debtors||||(2,263)
(59,184)|274
230,202| |Decrease
in creditors|||||(153,469)|(145,485)| |Movement
in deferred|capital grants||||(25,666)|(25,891)| |Difference between
pension
charge, including||||finance costs, and cash||| |contributions|||||88I,OOO|882,000| |Net cash inflow from|operating|activities|||626,616|1,950,559| |ANALYSIS OF CASH|AND CASH EQUIVALENTS|||||| ||||||Year to|Year to| ||||||31.12.22|31.12.21| |Cash in hand and at bank|||||2,912,962|3,441,926| |Total cash and cash equivalents|||||2,912,962|3,441,926| ## ## |||31.12.2021|Cash Flows|Non-Cash|Non-Cash|Changes|Changes|31.12.2022| |---|---|---|---|---|---|---|---|---| |||||New Finance|||Other|| |||||Leases|/ Bank||non-cash|| |||||Loans|||changes|| |Cash|in hand 8|3,441,926|(528,963)|||||2,912,963| |bank||||||||| |Debt|due within|(384,887)|(1,812,596)||(150,000)||(14,605)|(2,362,088)| |one year
Debt due greater||(11,969,260)|1,751,420||(219,731)||(454,201)|(10,891,772)| |than|one year|||||||| |||8,912,221|590139|||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Trust Ltd.||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |A summary|of the||financial||activities|||undertaken||by the Charitable||Company|is set out below:|| |||||||||||||Year to||Year to| |||||||||||||31.12.22||31.12.21| |Incoming
resources
excluding
gift aid
Expenditure
on charitable
activities|||||||||from subsidiary|||14,683,487
(~15,871,413||12,546,421
((2,881,(65)| |Net (expenditure)/income||||||||||||(1,187,926)||(334,744)| |Actuarial
(losses)/gains
on|||||defined|||benefit pension schemes||||18334000||3458000| |||||||||||||17,146,074||3,123,256| |Distribution|from||subsidiary||||||||||86712|127,084| |||||||||||||17,232 786||3,250 340| |DONATIONS||AND||LEGACIES||||||||||| ||||||||||Unrestricted||Restricted||Total funds|Total funds| |||||||||||funds||funds|Year to|Year to| |||||||||||31||31|31|31| |||||||||||December|December||December|December| |||||||||||2022||2022|2022|2021| |National|Exercise|||Referral|||Scheme||(see||182,441||182,441|160,810| |note 25)||||||||||||||| |Coronavirus||Job|Retention|||Scheme||||||||1,072,361| |National
Leisure|||Recovery|||Fund||||||||560,741| |Asset Improvement||||Grant|-|Pencoed||||||||129,850| |Other project||grants|||||||||130,723||130723|424,565| |Total|||||||||||313,164||313164|2 348 327| |INCOME|FROM||CHARITABLE ACTIVITIES|||||||||||| ||||||||||Unrestricted||Restricted||Total funds|Total funds| |||||||||||funds||funds|Year to|Year to| |||||||||||31||31|31|31| |||||||||||December|December||December|December| |||||||||||2021||2022|2022|2021| |||||||||||||||P| |Operation
of
Management
Government||leisure
fee
grants||centres||||||11,852,015
1,576,674
278,901|415,838||12,267,853
1,576,674
278,901|6,747,436
1,278,952
52,987| |Local
Authority|||Contracts||||- COVID||19|||||1,164,045| |relief||||||||||||||| |Total||||||||||13,707590|415,838||14 123,428|9 243 420| ## ## ## ## |A summary
of the trading
results
owned
until its sale in July 2022|of the subsidiary
is shown below:|,
Halo Leisure|Enterprises
Limited,|that was wholly| |---|---|---|---|---| ||||Year to|Year to| ||||31.12.22|31.12.21| |Turnover
Cost of sales and administration|costs (including|intra-group)|134,527
~41,982)|186,533
~59,447)| |Net profit|||92,546|127,086| ## ## |INVESTM|ENT INCOME||||| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total funds|Total funds| |||funds|funds|Year to|Year to| |||31|31|31|31| |||December|December|December|December| |||2022|2022|2022|2021| |Interest received||18,448||18,448|| |Proceeds|from sale of investment|350,000||350,000|| |Total||368448||368,448|| |OTHER INCOME|||||| |||Unrestricted|Restricted|Total funds|Total funds| |||funds|funds|Year to|Year to| |||31|31|31|31| |||December|December|December|December| |||2022|2022|2022|2021| |||P.|||| |Insurance|claim|109,293||109,293|1,176,039| |Total||109,293||109293|1,176,039| ## ## ## ## ## ## |KEY MANAGEMENT
PERS|ONNEL||| |---|---|---|---| |||Year to|Year to| |||31.12.22|3I.12.21| |Wages and salaries
Social security costs||7,214,199
502,948|5,490,069
380,198| |Other pension costs||1,216,734|1,129,150| |Redundancy
and severance|payments||21,270| |||8,833,881|7,020687| |The average|monthly|number
|of employe|es
durin|g the period w|as as|follows|| |---|---|---|---|---|---|---|---|---| ||||||||Year to|Year to| ||||||||31.12.22|31.12.21| |Leisure Centres|||||||522|406| |Support|||||||55|46| |Management|and administration||||||4|4| ||||||||581|456| |The average|monthly|full-time|equivalent|number|of employees|during|the period was as follows:|| ||||||||Year to|Year to| ||||||||31.12.22|31.12.21| |Leisure Centres|||||||205|189| |Support|||||||45|40| |Management|and administration||||||4|4| ||||||||254|233| ||||Year to|Year to| |---|---|---|---|---| ||||31.12.22|31.12.21| |260,001|-|L70,000|2|| |270,001|-|F80,000|1|| |R80,001|-|F90,000||| |F90,001|-|8100,000|1|| ## ## ## ## |The net income|is stated after ch|arging|:||| |---|---|---|---|---|---| |||||Year to|Year to| |||||31.12.22|31.12.21| |Equipment
repairs,
maintenance
Depreciation
- owned assets||and|lease|221,169
338,438|88,979
314,247| |Depreciation
-assets on hire purchase
Computer
software
amortisation|||contracts or finance leases|356,512
8,051|382,335
17,210| |Auditors
remuneration||||25,000|23,000| |Audit of trading|subsidiary||||6,072| |Non audit work|—statutory
accounts preparation|||6,223|5775| |INTEREST PAYABLE AND SIMILAR|||CHARGES||| |||||Year to|Year to| |||||31.12.22|31.12.21| ||||||F| |Finance lease|and hire purchase|interest||468 806|500,727| |||||468 806|500,727| ## |RESOURCES EXPE|NDED ON CH|ARI|TABLE ACTIV|ITIES|||| |---|---|---|---|---|---|---|---| ||||||Support|Total for|Total for| ||||Direct costs|Staff costs|costs|Year to|Year to| |||||||31.12.22|31.12.21| |Leisure centres|||2 557626|8933881|4693288 16184795||13104387| |Major components|of Support Costs||||||| |||||||Year to|Year to| |||||||31.12.22|31.12.21| |Premises Costs||||||1,404,829|1,303,052| |Advertising
& Promotions
Office Administration||||||60,760
256,262|24,428
213,115| |Finance and Compliance||||||873,261|587,703| |Other Finance Costs re FRS 102||||||224,000|224,000| |Irrecoverable
VAT||||||777,958|527,357| |Equipment
Repairs,
Other Costs|Maintenance|and|Lease|||221,169
843,826|88,979
658,893| |Governance
Costs||||||31,223|23000| ||||||4,693,288||3,650,527| ## ## ## ||Unrestricted|Restricted|Funds|FRS 102s.28|Total Funds| |---|---|---|---|---|---| ||Funds|||Unrestricted|Year to| |||||Funds|31.12.2021| |NOTE|||E|E|E| |INCOME|||||| |Donations
and legacies||2,348,327|||2,348,327| |Income from charitable
activities:|||||| |Operation
of Leisure sites|9,243,420||||9,243,420| |Income from other trading
activities:|||||| |Commercial
trading
operations|180,773||||180,773| |Investment
income|||||| |Other income|1,176,039||||1,176,039| |TOTAL INCOME|10,600,232|2,348,327|||12,948,559| |EXPENDITURE|||||| |Costs ofraising funds:|||||| |Commercial
trading operations|49,447||||49,447| |Expenditure
on charitable
activities:|||||| |Leisure activities
12|10,518,348|1,704,039||882,000|13,104,387| |TOTAL EXPENDITURE|10,567,795|1,704,039||882,000|13,153,834| |NET (EXPENDITURE) I INCOME|||||| |BEFORE TAXATION AND|32,437||644,288|(882,000)|(205,275)| |TRANSFERS|||||| |TAXATION|||||| |Taxation on trading profit|||||| |GROSS TRANSFERS BETWEEN|||||| |FUNDS|||||| |NET INCOME BEFORE ACTUARIAL
(LOSSES)/GAINS
UNDER FRS102|32,437||644,288|(882,000)|(205,275)| |OTHER RECOGNISED GAINS AND|||||| |LOSSES|||||| |Remeasurements
on defined benefit|||||| |pension schemes
27||||3,458,000|3,458,000| |NET INCOME
/ (EXPENDITURE)|32,437||644,288|2,576,000|3,252,725| |FUNDS BROUGHT FORWARD|(1,012,169)|2,434,941||(15,282,000)|(13,859,228)| |FUNDS CARRIED FORWARD|(979,732)|3,079,229||(12,706,000)|(10,606,503)| ## ## ## |Group|||| |---|---|---|---| ||||Computer| ||||software| |COST|||| |At 1 January|2022||114,223| |Additions|||| |Disposals|||~86,860)| |At 31 December 2022|||27,363| |AMORTISATION|||| |At 1 January|2022||104,845| |Amortisation|for year||8,051| |Amortisation|eliminated|on disposal|~85,533)| |At 31 December 2022|||27,363| |NET BOOK|VALUE||| |At 31 December 2022|||| |At 31 December 2021|||8,051| |Company|||| ||||Computer| ||||software| ||||F| |COST|||| |At 1 January|2022||27,363| |Additions|||| |At 31 December 2022|||27,363| |AMORTISATION|||| |At 1 January
Amortisation|2022
for year||19,312
8051| |At 31 December 2022|||27 363| |NET BOOK|VALUE||| |At 31 December 2022|||| |At 31 December 2021|||8,051| ||||||M
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Z| ## ## ## ## ## ## ## ||||Group||Company|| |---|---|---|---|---|---|---| |||31.12.22||31.12.21|31.12.22|31.12.21| |Trade debtors||424,516||169,816|370,358|176,600| |Amounts
owed by group undertakings
Other debtors||32,042||22,633|3,506
32,042|131,392
22,633| |Prepayments|and accrued income|106,105||311 030|102,940|287,373| |||562,663||503,479|508 846|617998| ## |CREDITORS: AMOUNTS|FALLING DUE|FALLING DUE|WITHIN ONE|YEAR|YEAR||| |---|---|---|---|---|---|---|---| |||||Group||Company|| ||||31.12.22||31.12.21|31.12.22|31.12.21| |Finance leases & hire purchase||(note 21)|2,212,088||384,887|2,212,088|384,887| |Trade creditors|||694,773||972,970|681,421|941,147| |Other creditors|||89,950||80,857|89,401|80,308| |Other Taxes and PAYE|||294,914||280,374|265,611|253,504| |Accruals|||982,352||800,518|936,201|773,149| |Deferred income|||171,578||252,317|162,842|243,084| |Bank loans|||150,000||150,000|150,000|150,000| ||||4,595,655||2,921,923|4,497,564|2,826,079| |||||Group||Company|| |Deferred income (excluding|capital grants)||31.12.22||31.12.21|31.12.22|31.12.21| |Deferred income at 1 January|||252,317||500,680|243,084|491,155| |Resources deferred
in the year
Amounts
released
from previous||periods|171,578
~252,317||252,317
~500,680|162,842
~243,084|243,084
~491,155| |Deferred income at 31 December|||171,578||252,317|162,842|243,084| ## ## |CREDITORS: AMOUNTS
FAL|LING DUE|AFTER MORE TH|AN ONE YEA|R|R| |---|---|---|---|---|---| |||Group||Company|| |||31.12.22|31.12.21|31.12.22|31.12.21| ||||F||| |Finance leases & hire purchase|(note 21)|10,466,772|11,969,260|10,466,772|11,969,260| |Bank loans||425,000|575,000|425,000|575,000| |||10891,772|12,544260|10,891,772|12544,260| ## ## ## ## ## ## |Total future|minimum|lease payments|under non-cancellable|operating|leases are as follows:|leases are as follows:| |---|---|---|---|---|---|---| |Group||||||Other| ||||Land|and|operating|| ||||buildings||leases|| ||||31.12.22|31.12.21|31.12.22|31.12.21| |Payments|falling due:|||||| |Within one|year||||12,498|9,339| |Within one|to two years||||7,872|7,872| |Within two|to five years||||15,088|22,961| ||||||35458|40 172| |Company||||||Other| ||||Land|and|operating|| ||||buildings|||leases| ||||31.12.22|31.12.21|31.12.22|31.12.21| |Payments|falling due:|||||| |Within one|year||||12,498|7,872| |Within one|to two years||||7,872|7,872| |Within two|to five years||||15088|22 861| ||||||35458|38,705| ## ## ## |||||Group||Company|| |---|---|---|---|---|---|---|---| ||||31.12.22||31.12.21|31.12.22|31.12.21| ||||||||P| |Deferred|capital|grants|103909||129,575|103,909|129,575| ## |Group|||||| |---|---|---|---|---|---| ||||Unrestricted|Restricted|| ||||Funds|Funds|Totals| ||||E||| |At 1 January 2022|||(13,685,732)|3,079,229|(10,606,503)| |Incoming|resources||14,319,858|729,002|15,048,860| |Outgoing|resources||(14,823,059)|(1,403,718)|(16,226,777)| |Actuarial|gains on defined|benefit schemes|18,334,000||18,334,000| |At 31 December 2022|||4,145,067|2,404,513|6,549 580| |Company|||||| ||||Unrestricted|Restricted|| ||||Funds|Funds|Totals| |At 1 January 2022|||(13,751,202)|1,031,710|(12,719,492)| |Incoming|resources||14,041,197|729,002|14,770,199| |Outgoing|resources||(14,526,539)|(1,344,874)|(15,871,413)| |Actuarial|gains on defined|benefit schemes|18,334,000||18,334,000| |At 31 December 2022|||4,097456|415,838|4,513294| ## ## ## ## |||||At 1||||At 31| |---|---|---|---|---|---|---|---|---| |||||January|Incoming|Outgoing||December| |||||2022|Resources|Resources|Transfers|2022| |||||E||E||E| |NERS scheme||||477,295|182,441|(659,736)||| |Sevem Centre|Building||Fund|2,047,519||(58,844)||1,988,675| |Asset improvement||grant - Pencoed||129,850||(129,850)||| |Other restricted|project||income|424,565|546,561|(555,288||415,838| |Total||||3,079,229|729,002|(1,403,718)|-|2,404,513| |estricted
Funds||—Company||||||| |||||At 1||||At 31| |||||January|Incoming|Outgoing||December| |||||2022|Resources|Resources|Transfers|2022| |||||F.|F.|E|E|F| |NERS scheme||||477,295|182,441|(659,736)||| |Asset improvement||grant - Pencoed||129,850||(129,850)||| |Other restricted|project||income|424,565|546,561|(555,288)||415,838| |Total||||1,031,710|729,002|(1,344,874)|-|415,838| ## ## ## ## ## ## ## |||||||At 31| |---|---|---|---|---|---|---| |||At 1 January|Incoming|Outgoing|Gains, losses,|December| |||2022|Resources|Resources|&transfers|2022| |||E|E|E|E|E| |Unrestricted|pension|(12,706,000)||(881,000)|18,334,000|4,747,000| |Unrestricted|general|(979,732)|14,319,858|(13,942,059)||(601,933)| |Total unrestricted||(13,685,732)|14,319,858|(14,823,059)|18,344,000|4,145,067| ## |||||||At 31| |---|---|---|---|---|---|---| |||At 1 January|Incoming|Outgoing|Gains, losses,|December| |||2022|Resources|Resources|8 transfers|2022| |||E|E|E|E|E| |Unrestricted|pension|(12,706,000)||(881,000)|18,334,000|4,747,000| |Unrestricted|general|(1,045,202)|14,041,197|(13,645,539)||(649,544)| |Total unrestricted||(13,751,202)|14,041,197|14,526,539)|18,344,000|4,097,456| ## |Group|||||| |---|---|---|---|---|---| ||||Unrestricted|Restricted|| ||||Funds|Funds|Totals| |At 1 January 2021|||(16,294,169)|2,434,941|(13,859,228)| |Incoming|resources||10,600,232|2,348,327|12,948,559| |Outgoing|resources||(11,449,795)|(1,704,039)|(13,153,834)| |Actuarial|gains on defined|benefit schemes|3,458,000||3,458,000| |At 31 December 2021|||(1~3,665,732|3,079,229|((~0,606,503| |Company|||||| ||||Unrestricted|Restricted|| ||||Funds|Funds|Totals| |At 1 January 2021|||(16,298,410)|328,576|(15,969,834)| |Incoming|resources||10,324,887|2,337,327|12,662,214| |Outgoing|resources||(11,235,679)|(1,634,193)|(12,869,872)| |Actuarial|gains on defined|benefit schemes|3,458,000||3,458,000| |At 31 December 2021|||(~13751,202|1 031 710|((~2719492| ## ## ## ## |estricted Funds|—|G|roup|||||| |---|---|---|---|---|---|---|---|---| |||||At 1||||At 31| |||||January|Incoming|Outgoing||December| |||||2021|Resources|Resources|Transfers|2021| |||||||E||| |NERS scheme||||328,576|160,810|(12,091)||477,295| |Sevem Centre Building||Fund||2,106,365||(58,846)||2,047,519| |Coronavirus
Job retention|||scheme (CJRS)||1,072,361|(1,072,361)||| |National
Leisure Recovery|||Fund (NLRF)||560,741|(560,741)||| |Asset improvement|grant - Pencoed||||129,850|||129,850| |Other restricted
project||grants|||424,565|||424,565| |Total||||2,434,941|2,348,327|(1,704,039)|-|3,079,229| |estricted Funds|—Company|||||||| |||||At 1||||At 31| |||||January|Incoming|Outgoing||December| |||||2021|Resources|Resources|Transfers|2021| |||||F||E|E|F| |NERS scheme||||328,576|160,810|(12,091)||477,295| |Coronavirus
Job retention|||scheme (CJRS)||1,072,361|(1,072,361)||| |National
Leisure Recovery|||Fund (NLRF)||549,741|(549,741)||| |Asset improvement|grant||- Pencoed||129,850|||129,850| |Other restricted
project||grants|||424,565|||424,565| |Total||||328,576|2,337,327|(1,634,193)||1,031,710| ## ## ## ## ## ## ## |||||||At 31| |---|---|---|---|---|---|---| |||At 1 January|Incoming|Outgoing|Gains, losses,|December| |||2021|Resources|Resources|&transfers|2021| |||E||E||E| |Designated|funds:|||||| |Bridgend
County BC||||||| |Bridgend
County BC - utilities||||||| |Total designated||||||| |Unrestricted|pension|(15,282,000)||(882,000)|3,458,000|(12,706,000)| |Unrestricted|general|(1,012,169)|10,600,232|(10,567,795)|-|(979,732)| |Total unrestricted||(16,294,169)|10,600,232|(11,449,795)|3,458,000|(13,685,732)| ## |||||||At 31| |---|---|---|---|---|---|---| |||At 1 January|Incoming|Outgoing|Gains, losses,|December| |||2021|Resources|Resources|&transfers|2021| |||E|E|E|E|E| |Designated|funds:|||||| |Bridgend
County BC||||||| |Bridgend
County BC - utilities||||||| |Total designated||||||| |Unrestricted|pension|(15,282,000)||(882,000)|3,458,000|(12,706,000)| |Unrestricted|general|(1,016,410)|10,324,887|(10,353,679)|-|(1,045,202)| |Total unrestricted||(16,298,410)|10,324,887|(11,235,679)|3,458,000|13,751,202)| ## ## ## ||||Defined||benefit| |---|---|---|---|---|---| ||||pension||plans| ||||31.12.22||31.12.21| |Present value of funded|obligations||(22,684,000)||(42,588,000)| |Fair value of plan assets|||27,431,000||29,882 000| ||||4,747,000|(12,706,000)|| |Present value of unfunded||obligations|||| |Surplus/(Deficit)|||4,747,000|(1~2,706,000|| |The am|ounts|recognised
in the Statement
of Financial
Activiti|es are as follows|| |---|---|---|---|---| ||||Defined|benefit| ||||pension|plans| ||||31.12.22|31.12.21| |Current|service cost||972,000|972,000| |Past service||cost||2,000| |Net Interest||from net defined benefit asset/liability|224,000|224,000| |Administration||expenses|5,000|5,000| |Effect|of curtailments|||| ||||1,201,000|1 203,000| |Actual|return|on plan assets|(3~820,000|3 064,000| |Changes|in t|he p|res|ent
|value of the defined
benefit ob|ligation
are as follows:|| |---|---|---|---|---|---|---|---| |||||||Defined|benefit| |||||||pension|plans| |||||||31.12.22|31.12.21| ||||||||'Z| |Opening|defined||benefit||obligation|42,588,000|41,627,000| |Current|service cost|||||972,000|972,000| |Change|in financial|||assumptions||(14,851,000)|1,189,000| |Past service||cost|||||2,000| |Contributions||by|scheme||participants|127,000|121,000| |Interest|cost|||||779,000|605,000| |Remeasurement|||(gains)||/ losses|(6,632,000)|(1,583,000)| |Curtailments|||||||| |Benefits|paid|||||~299 000|~345,000| |||||||22,684,000|42,588,000| ## ## |Changes
in|the|fair value|of scheme assets are a|s follows:||| |---|---|---|---|---|---|---| ||||||Defined|benefit| ||||||pension|plans| ||||||31.12.22|31.12.21| |Opening
fair|value of scheme assets||||29,882,000|26,345,000| |Interest on plan||assets|||555,000|381,000| |Contributions|by employer||||320,000|321,000| |Contributions|by scheme||participants||127,000|121,000| |Remeasurement||gains
/ (losses)|||(3,149,000)|3,064,000| |Administration
Benefits paid||expenses|||(5,000)
(5,000)
~299,000 ~345,000|| ||||||27,431,000|29,882,000| |The amounts|recognised||in other comprehensive|income are as follows:||| ||||||31.12.22|31.12.20| |Remeasurement||gains/(losses)|||18,344,000|3 458,000| |Cumulative|amount
of actuarial|||||| |remeasurement||losses||||~8478,000I| ||||||Defined|Defined|benefit| |---|---|---|---|---|---|---|---| ||||||pension||plans| ||||||31.12.22||31.12.21| |Equities|||||63.20%||67.33%| |Government||bonds|||3.53%||3.87%| |Corporate|bonds||||3.97%||0.00%| |Other bonds|||||7.23%||1 1.73%| |Cash/liquidity|||||0.93%||0.87%| |Property|||||703%||497%| |Other|||||14.1%||11.73%| ||||||100 000/||1QQ QQ'/| |Principal|actuarial||assumptions|at the balance sheet date:|||| ||||||31.12.22||31.12.21| |Discount|rate||||4.50 —4.90%|1.80 —1,90%|| |Rate of Inflation|||||2.50 —2.60%||273%| |Future salary||increases|||3.75 —4.10%|3.85 —4.30%|| |Future pension increases|||||2.50 —2.70%|2.60 —2.90%|| ## ## ## |EMPLOYEE BENEFIT OBLIGATIONS - continue|EMPLOYEE BENEFIT OBLIGATIONS - continue|d|d|d||| |---|---|---|---|---|---|---| |The following
table sets out the sensitivity
analysis||produced
by
the actuary|||reporting|in respect of the| |Worcestershire
County Council Pension
Fund:||||||| |Central|+0.5%discount|||+0.25%||year increase| ||||rate|inflation||in life| |||||||expectancy| ||||||F|| |Liabilities
12,498,000||11,186,000||13,211,000||12,720,000| |Assets
(13,543,000)||(13,543,000)||(13,543,000)||(13,543,000)| |Deficit/(surplus)
(1,045,000)||(332,000)||(924,000)||(823,000)| |Projected service
179,000|||194,000|179,000||183,000| |cost for next year||||||| |Projected net
(58,000)|||(24,000)|(53,000)||(48,000)| |interest cost for next||||||| |year||||||| |The following
table sets out the sensitivity
analysis||produced
by the||actuary|reporting|in respect of the| |Rhondda
Cynon Taf County Borough Council|Pension||Fund:
+0.1%p.a.|Base figure||-0.1%p.a.| |Adjustment
to discount rate||||||| |Present value of total obligation
(2)|||8,838,000||9,083,000|9,337,000| |%change
in present
value of total obligation|||-2.7%|||2.8%| |Projected service cost (F)
Approximate
%change
in projected service|cost||178,000
-3.9%||185,000|192,000
4 00/| |Adjustment
to salary increase rate||||||| |Present value of total obligation
(F)
%change
in present value of total obligation|||9,110,000
03%||9,083,000|9,056,000
-0.3%| |Projected service cost (E)
Approximate
%change
in projected service|cost||185,000
00%||185,000|185,000
0.0%| |Adjustment
to pension increase rate||||||| |Present value of total obligation
(2)
%change
in present value of total obligation|||9,310,000
2.5%||9,083,000|8,865,000
-2.4%| |Projected service cost (2)
Approximate
%change
in projected service|cost||192,000
4 00/||185,000|178,000
-3.9%| ||||-1 year|Base figure||+1 year| |Adjustment
to mortality age rating assumption||||||| |Present value of total obligation
(R)
%change
in present value of total obligation|||9,319,000
2.6%||9,083,000|8,847,000
-2.6%| |Projected service cost (E)
Approximate%
change
in projected service|cost||191,000
32%||185,000|179,000
32%| |Approximate|Approximate|%
change
in|projected serv|ice cost|3|2%|32%| |---|---|---|---|---|---|---|---| |The following||table sets out|the sensitivity|analysis|produced
by|the actuary
reporting|in respect of the| |Shropshire|County Pension||Fund:||||| ||||Central|+0.1%discount||+0.1%inflation|1 year increase| ||||||rate||in life| ||||||||expectancy| |Liabilities|||1,103,000||1,008,000|1,154,000|1,108,000| |Assets|||(1,138,000)||(1,138,000)|(1,138,000)|(1,1 38,000)| |Deficit/(surplus)|||(35,000)||(130,000)|16,000|(30,000)| |Projected|service||19,000||17,000|21,000|19,000| |cost for next||year|||||| |Projected|interest||(2,000)||(7,000)|1,000|(2,000)| |cost for next||year|||||| ## ## ## ## ## ## ## ## ## ##