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||||Page|
|---|---|---|---|
|Chairman's
Report||||
|Report of the Trustees|||2 to 7|
|Report ofthe Independent||Auditors|8 to 10|
|Statement
of Financial|Activities|||
|Balance Sheet|||12|
|Cash Flow Statement|||13|
|Notes to Ihe Cash Flow Statement|||14|
|Notes to the Financial|Statements||15to 28|
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||||Notes|Unrestricted|Restricted|31.12.20|31.12.19|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Total|Total|
|||||||Funds|Funds|
|||||f|f|f|f|
|INCOME AND ENDOWMENTS||FROM||||||
|Donatkxrs
and legacies|||2||1,306,624|1,306,624||
|Charitable
activities||||||||
|Operation
of leisure sites|||5|2,056,862||2,056,862|5,020,195|
|Invesiment
income|||3|1,252||1,252|3,786|
|Other income|||4|||||
|Total||||2,058,114|1,306,624|~3,364 738|5,023,981|
|EXPENDITURE ON||||||||
|Charitable
activities||||||||
|Operation
of leisure sites|||6|2,403,076|1,344,784|3,747,860|3,035,350|
|Total||||2,403,076|1,3!14,784|3,747,860|3,035,350|
|NET INCOME/(EXPENDITURE)||||(344,962)|(38,160)|(383,122)|1,988,631|
|Transfers
between funds|||24|||||
|||||(344,962)|(38,160)|(383,122)|1,988,631|
|Other
comprehensive||income|I|||||
|(expenditure):||||||||
|Remeasurement
gain on defined|||25|||||
|benefit scheme||||||||
|Nst movemsnt
In funds||||(344,962)|(38,160)|(383,122)|1,988,631|
|RECONCILIATION
OF FUNDS||||||||
|TOTAL FUNDS BROUGHT|FORWARD|||715,375|38,160|753,535|~1,235,096|
|TOTAL FUNDS CARRIED|FORWARD|||370,413||370,413|753,535|
|Ag income and expenditure|derive from||continuing|activities.||||
##
|||||B LANCE|SHE TAT 31 DEC|BER 2020|BER 2020||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||31.12.20|31.12.20||31.12.19|31.12.19||
||||||Total Funds|Total Funds||Total Funds|Total Funds||
||||||f||f|f||f|
|||||Notes|||||||
|FIXEDASSETS|||||||||||
|Tangible assets||||15||453|755||355,273||
|||||||403,755|||355,273||
|CURRENT ASSETS|||||||||||
|Stocks||||16||||27,088|||
|Debtors:
amounts||falling|due|17||||680,108|||
|within one year|||||||||||
|Cash at bank and|in hand||||7576862|||165,381|||
||||||646,862|||872,577|||
|CREDITORS|||||||||||
|Amounts
falling|due|within|one|18|(620,537)|||(343,703)|||
|year|||||||||||
|NET CURRENT ASSETS||||||26,325|||526|814|
|TOTAL ASSETS|LESSCURRENT ASSETS|||||430,080|||884,147||
|CREDITORS||||19|||||||
|Amounts
faglng due more than one||||||(59,667)|||(130,612)||
|year|||||||||||
|NET ASSETS/(LIABILITIES)
PENSION
LIABILITY|||BEFORE|||370,413|||753,535||
|PENSION LIABILITY||||25|||||||
|CHARITY FUNDS|||||||||||
|Unrestricted
funds
Restrided
funds|||||370,413|||715,375
38,160|||
|TOTAL CHARITY|FUNDS|||24|||||||
|||||||370,413|||753,535||
##
||||||CASH|FLOW STATEMENT|||
|---|---|---|---|---|---|---|---|---|
|||||FOR THE YEAR||ENDED 31 DECEMBER 2020|||
||||||||31.12.20|31.12.19|
|||||||Notes|f|f|
|Cash flows from operating||activities:|||||||
|Cash generated
from operafions|||||||790,791|$829,473)|
|Net cash provided|by operating||activities||||||
||||||||~790791|~829,473)|
|Cash flows from Investing||activities:|||||||
|Purchase of langible|fixed assets||||||(225,698)|(25,675)|
|Sale oftangible
fixed assets|||||||||
|Interest received
Interest Paid|||||||1,252
~8,590)|3,786
~9,840)|
|Net cash provided|(used In) Investing|||activities|||$233,036)|~31729)|
|Cash f(ows from financing||activities:|||||||
|New HP agreements|in year||||||||
|Loan repayments
in
Capfial repayments|year
in year||||||(37,500)
~38,774)|(50,000)
~55,587)|
|Net cash provided|(used In) financing|||acfivltles|||~76,274)|~105,587)|
|Change
In cash and cash||equivalents||In the|reporting||||
|period|||||||481,481|(966,789)|
|Cash and cash equivalents||at|the beginning||ofthe||||
|reporting
period||||||2|165,381|1,132,170|
|Cash and cash equivalents||at|the end|ofthe|reporfing||||
|period|||||||646,862|165,381|
##
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|||||||||||||||31.12.20|31.12.19|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||f|f|
|Net Income for the|||reporting||period (as psr the|||||statement|offinancial|||||
|activities)||||||||||||||(383,122)|1,988,631|
|Ad)ustments
for:||||||||||||||||
|Actuarial
adjustments|||in rslagon|||to|defined|benefit||pension scheme|||||(2,023,000)|
|Depreciahon
charges||||||||||||||177,215|183,077|
|(Profit)/loss
on disposal of||||fixed|assets|||||||||||
|Interest received||||||||||||||(1,252)|(3,786)|
|Interest
Paid||||||||||||||8,590|9,840|
|Decrease
in stock||||||||||||||27,088|8,690|
|Decrease/(increase)|||in debtors|||||||||||680,108|(490,481)|
|Increase
in creditors||||||||||||||282,164|(502,444)|
|Difference between||penskm charge|||||and cash conkibutions|||||||||
|Nst cash provided||by operating||||activities||||||||790,791|~829,473|
|ANALYSIS OF CASH AND CASH|||||||EQUIVALENTS|||||||||
|||||||||||||||31.12.20|31.12.19|
||||||||||||||||f|
|Cash
in hand||||||||||||||646,862|165,381|
|Noses deposits (less|||than|3months)||||||||||||
|Overdrafls
included||in bank loans||||and overdrafts|||falling due within one|||year||||
|Total cash and cash|||equivalents|||||||||||646,862|~165381|
|ANALYSIS OF CHANGES||||IN NET DEBT||||||||||||
||||||31.12.2019|||||Cash Flows||Non-Cash|Changes||31.12.2020|
|||||||||||||Nsw|Other|Non-||
|||||||||||||Finance|Cash|||
|Cash
In hand
Debt due within one year
Debt due greater
than
one||||||165,381
(109,776)
(130,612)||||481,481
5,328
70,945||Leases|Changes||646,862
(104,448)
(59,667)|
|year||||||||||||||||
|||||||(75,007)||||557,754|||||482,747|
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|Unrestricted|Restricted|Total|Total|
|---|---|---|---|
|funds|funds|Funds|funds|
|2020|2020|2020|2019|
|f|f|6|f|
##
||Unrestricted|Unrestricted|Re sir i dad|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|Funds|funds|
|||2020|2020|2020|2019|
|||6|6|6||
|Operation of|leisure centres|1,900,862||1,900,862|4,864,195|
|Management|Fees|156,000||156,000|156,000|
|Grants||||||
|Total||2,056,862||2,056,862|5,020,195|
|6156000 (2019:Et56000)was received from Canterbury||City Council for the management||of hrisure centres.||
##
||||Unrestricted|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|Funds|funds|
|||||2020|2020|2020|2019|
|||||6|f|8|f|
|Summary|by fund type|||||||
|Operabon|of leisure centres||2,403,076||1,344,784|3,747,860|3,035,350|
|Total|||2,403,076||1,344,784|3,747,860|3,035,350|
||||Staff|Direct|Support|Total|Total|
||||costs|costs|costs|funds|funds|
||||2020|2020|2020|2020|2019|
||||6|6|6|f|f|
|Summary
Operation|by expenditure
of leisure centres|type|2,673,365|140,060|934,435|3,747,860|3,035,350|
|Total|||2~673365|140,060|934,435|~3747,860|3,035,350|
##
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##
|Included
in s|upport co|sts as stated
In note 6above:|||
|---|---|---|---|---|
|||||As Restated|
||||31.12.20|31.12.19|
||||6|6|
|ITcosts|||87,441|116,174|
|Finance costs|||22,836|50,015|
|Marketing
Materials|||17,577|72,889|
|Administration|||129,713|149,769|
|Other staff relaled costs|||16,866|48,627|
|Faci1ifies management||costs|473,787|717,746|
|Depreciation|||177,215|185,582|
|Governance|costs||9,000|8607|
||||934435|~1,349409|
##
|Nel income/(e|xpenditure)
is stated afte|r charging/(crediting):|||
|---|---|---|---|---|
||||31.1220|31.12.19|
||||f|f|
|Audfiors'
remunerafion|||9,000|8,607|
|Depreciation|-owned assets||133,254|134,765|
|Depreciation
Hire ofplant|-assets on hire purchase
and machinery|contracts and finance leases|43,961
1 919|48,312
7,277|
##
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##
|STAFF COSTS|||
|---|---|---|
||31.12.20|31.12.19|
||f|f|
|Wages and salaries
Social security costs
Other staff costs
Other pension costs
LGPS|2,371,004
117,505
184,856|2,999,214
161,410
38,909
264,946
~2,023,000)|
||~2,673 365|1,441,479|
##
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||||||31,12.20|31.12.19|
|---|---|---|---|---|---|---|
||||||f|8|
|Concessionary|loans||||||
|Finance charges payable|||under finance|leases|8,590|9,840|
|Interest on net
Bank charges|defined|benefit pension||liability|9,155|~29 679|
||||||17,745|41,724|
##
##
|||Notes|Unrestricted|Restrlded|Pension|31.12.19|
|---|---|---|---|---|---|---|
||||Funds|Funds|Ad)ustmenl|Total|
||||||Unrestricted|Funds|
||||||f|f|
|INCOME|AND ENDOWMENTS||||||
|FROM|||||||
|Donations|and legacies||||||
|Charitable|activities||||||
|Operafion|of leisure sites|5|5,020,195|||5,020,195|
|Investment|income|3|3,786|||3,786|
|Other Income||4|||||
|Total|||5,023,971|||5,023,981|
|EXPENDITURE ON|||||||
|Charitable|activities||||||
|Operation|of leisure sites|0|5,1343325|15,025|(22023,000|3 035,380|
|Total|||5,043,325|15,025|(22023 000|3,035,350|
|NETINCOMEI(EXPENDITURE)|||(19,344)|(15,025)|2,023,XO|1,988,631|
|Transfers|between
funds||||||
||||(19,344)|(15,025)|2,023,000|1,988,631|
|Other|comprehensive|income|||||
|(expenditure):|||||||
|Remeasurement
gainer(losses)|||||||
|on defined|benefit schemes||||||
|Net movement
in funds|||(19,344)|(15,025)|2,023,000|1,988,631|
|RECONCILIATION
OF FUNDS|||||||
|TOTAL FUNDS BROUGHT FORWARD|||734710|53105|~t 023100|I 235,096|
|TOTAL FUNDS CARRIED FORWARD|||715,375|38,160||753,535|
##
##
##
|TANGIBLE FIXEDAS|SETS||||
|---|---|---|---|---|
||Improvements|Plant and|Computer||
||to properly
f|machinery
f|equipment
f|Totals
6|
|COST|||||
|At 1 January 2020|1,184,103|1,172,344|120,817|2,477,264|
|Additions||225,698||225,698|
|Disposals|||||
|At 31 December 2020|~1184,103|1,398,042|120,817|2,702,962|
|DEPRECIATION|||||
|AI1 January 2020|1,068,453|932,722|120,817|2,121,991|
|Charge for year|87,837|89,379||177,215|
|FJiminated
on disposal|||||
|At 31 December 2020|~1,156290|1,022,101|120,817|2,299,206|
|NET BOOK VALUE|||||
|At 31 December 2020|27,814|375,942|-|403,755|
|At 31 December 2019|115,650|239,623|-|~355 273|
|Included
In the tangible|fixed assets are 5211,650of new assets acquired|under HP agreemenl.|||
||||Plant and||
|---|---|---|---|---|
||||machinery|Totals|
||||5|6|
||COST||||
||At 1 January 2020||249,292|249,292|
||Additions||211,650|211,650|
||Reclassilicalion||||
||Al 31 December 2020||460,942|460,942|
||DEPRECIATION||||
||At 1 January 2020||102,754|102,754|
||Charge foryear||43,961|43,961|
||At 31 December 2020||146,715|146,715|
||NET BOOK VALUE
Al 31 December 2020||~314 227|314,227|
||At 31 December 2019||146,538|146,538|
|16.|STOCKS||||
||||31.12.20|31.12.19|
||||f|5|
||Stock|||27,088|
|||-23-|||
##
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##
##
|||||31.12.20|31.12.19|
|---|---|---|---|---|---|
|||||f|f|
||Trade debtors|||||
||Other debtors||||680,108|
||Prepayments
and accrued income|||||
||||||680,108|
|18.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|||||31.12.20|31.12.19|
|||||f|f|
||Bank loans snd overdrafts (see|note 20)||||
||Other loans (see nots 20)|||50,000|50,000|
||Hire purchase (see note 21)|||54,448|59,776|
||Trade creditors||||38,160|
||Social security
and other taxes|||108,422|47,699|
||VAT|||||
||Other creditors|||3,767|86,633|
||Accruals and deferred
income|||||
||Amounts
owed to Group undertakings|||~403900|61 435|
|||||620537|343,703|
||Delegs of leasing arrangements|are provkled|in note 21.|||
||Deferred income|||||
|||||31.12.20|31.12.19|
|||||f|f|
||De(erred income broughtfonvard
Resources deferred
in Ihe year||||160,526|
||Amounts
released from previous|years|||~160,526|
||Deferred income carried|forward||||
|19.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR|||||
|||||31.12.20|31.12.19|
||Other loans - 1-2years
Other loans - 2-5 years|||f
12,500|f
50,000|
||Hire purchase (see note 21)|||47,166|~80612|
|||||59,667|130,612|
##
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##
||An analysis ofthe maturity|An analysis ofthe maturity|of|loans is given below:|loans is given below:||||
|---|---|---|---|---|---|---|---|---|
||||||||31.12.20|31.12.19|
||||||||f|f|
||Amounts
falling|due within|one year on demand:||||||
||Other loans||||||50,000||
||||||||50,000|50,000|
||Amounts
falling|between one||and two years:|||||
||Other loans -1-2 years||||||12,500|50,000|
||Amounts
falling|due between||two and five years:|||||
||Other loans - 2-5years||||||||
|21.|OBLIGATIONS|UNDER|HIRE PURCHASE CONTRACTS||||||
||Finance leases|primargy|relate to gym equipment.||||||
||||||||Hire purchase|contracts|
||||||||31.12.20|31.12.19|
||||||||f|f|
||Nel obligations|repayable:|||||||
||Within one year||||||54,448|59,776|
||Between one and five years||||||47,166|80,612|
||||||||101,614|140,388|
||Minimum
lease|paymenis|under non-cancellable||operating|leases fall due as follows;|||
||||||||31.12.20|31.12,19|
||||||||f|f|
||Within one year||||||||
||Between one and five years||||||||
|22,|CONCESSIONARY
LOANS|||PAYABLE|||||
||||||||31.12.20|31.12.19|
||||||||f|f|
||Canterbury
Ciiy Coundl||||||62,500|100,000|
##
##
||||||31.12.20|31.12.19|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total
funds|Total
funds|
||||fund|funds|||
||||6|f|6|f|
||Fixed assels||403,755||403,755|355,273|
||Current assets||646,862||646,862|872,577|
||Current
liabilities||(620,537)||(620,537)|(343,703)|
||Long term liabilities||(59,667)||(59,667)|(130,612)|
||Pension
liability||||||
||||370,413||~370 413|753,535|
||ANALYSIS OF NET ASSETS BETWEEN FUNDS - COMPARISON||||||
||||||31.12.19|31.12.18|
||||Unrestricted
fund|Restricted|Total
funds|Total
funds|
|||||funds|||
|||||f|f|f|
||Fixed assets||355,273||355,273|512,675|
||Current assets
Current
liabilities
Long lerm llabiTities
Pension
liability||834,417
(343,703)
(130,612)|38,160|872,577
(343,703)
(130,612)|1,357,575
(843,653)
(238,693)
~2,023,000|
||||~715375|38,160|753,535|1,235096|
|24.|MOVEMENT
IN FUNDS||||||
|||||Net movement|Transfers||
||||At 1.1.20|in funds|between
funds|At 31.12.20|
|||||f|E||
||Unrestricted
funds||||||
||General
fund
Restricted funds||715,375|(344,962)||370,413|
||Henry Smith Fund
Active Kids 4 Life
Sportivate/Canoe|Wild|4,515
22,860|(4,515)
(22,860)|||
||Street Games Porchlight
Rounder's||6,273|(6,273)|||
||Satellite Clubs
Make Your Move||4,512|(4,512)|||
||Walking
Football||||||
||Netball
Group||||||
||||38,160|(38,160)|||
||TOTAL FUNDS||~753535|~383,122)|-|370413|
##
##
##
|MOVEMENT
IN F|UNDS
~ COMPARISO|N|||||
|---|---|---|---|---|---|---|
||||Net movement|Transfers|||
|||At 1.1.19|in funds|between|funds|At 31.12.19|
|||f|f||f|f|
|Unrestricted
funds|||||||
|General
fund||(1,288,281)|2,003,656|||715,375|
|Restricted funds|||||||
|Henry Smith Fund||4,515||||4,515|
|Active Kids 4 Life||22,860||||22,860|
|Sporgvate/Canoe|Wlkl|2,156|(2,156)||||
|Street Games Porchlight||6,273||||6,273|
|Rounder's||3,075|(3,075)||||
|Satelkte Clubs||7,258|(2,746)|||4,512|
|Make Your Move||4,967|(4,967)||||
|Walking
FootbaN
Netball
Group||1,950
131|(1,950)
~131)||||
|||53,185|(15,025)|||38,160|
|TOTAL FUNDS||~1,235,096)|~2,018681|||753,535|
##
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