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##
|||Page||
|---|---|---|---|
|Reference and Administrative
Details||||
|Chairman's
Report||||
|Report ofthe Trustees|3|to|7|
|Report ofthe Independent
Auditors|8|to|11|
|Statement of Financial Activities||||
|Balance Sheet||13||
|Cash Flow Statement||||
|Notes to the Cash Flow Statement||15||
|Notes to the Financial Statements|16|to|29|
##
|TRUSTEES||SP Jones||||||
|---|---|---|---|---|---|---|---|
|||G S Knox||||||
|||C Longmire||||||
|||N EWells||||||
|||R Thomas||||||
|||R Barley||||||
|||EA Taylor (resigned|||9.2.22)|||
|REGISTERED|OFFICE|Minerva
House||||||
|||5 Montague|Close|||||
|||London||||||
|||SE19BB||||||
|REGISTERED|COMPANY|04376721 (England|||and Wales)|||
|NUMBER||||||||
|REGISTERED|CHARITY|1095215||||||
|NUMBER||||||||
|AUDITORS||McCabe Ford Williams||||||
|||Statutory Auditors||and||Chartered|Accountants|
|||Bank Chambers||||||
|||1 Central Avenue||||||
|||Sittingbourne||||||
|||Kent||||||
|||ME10 4AE||||||
|BANKERS||National
Westminster||||Bank||
|||City Centre|Branch|||||
|||11The Parade||||||
|||Canterbury||||||
|||Kent||||||
|||CT1 2SQ||||||
|SOLICITORS||Winckworth|Sherwood|||||
|||Minerva
House||||||
|||5 Montague|Close|||||
|||London||||||
|||SE19BB||||||
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|||||||31.12.21|31.12.20|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|funds|funds|funds|
||||||||as restated|
||||Notes||f.|E|F|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies|||2|200,439|1,176,293|1,376,732|1,306,624|
|Charitable
activities||||||||
|Charitable
activities||||2,183,270||2,183,270|2,056,862|
|Investment
income||||934||934|1,252|
|Total||||2,384,643|1,176,293|3,560,936|3,364,738|
|EXPENDITURE ON||||||||
|Charitable
activities||||||||
|Charitable
activities||||2,366,457|1,176,293|3,542,750|3,959,080|
|NET INCOME/(EXPENDITURE)||||18,186||18,186|(594,342)|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought|forward|||||||
|As previously
reported
Prior year adjustment|||13|370,413
~211,220)||370,413
~211,220)|753,535|
|As restated||||159,193||159,193|753,535|
|TOTAL FUNDS CARRIED FORWARD||||177,379||177,379|159,193|
||BALANCE SHEET
31 DECEMBER 2021|||
|---|---|---|---|
|||31.12.21|31.12.20|
||||as restated|
||Notes|E|F|
|FIXEDASSETS||||
|Tangible assets|14|261,598|403,754|
|CURRENT ASSETS||||
|Stocks|15|1,952||
|Debtors|16|23,031||
|Cash at bank||1,590,129|646,862|
|||1,615,112|646,862|
|CREDITORS||||
|Amounts
falling due within one year|17|(1,699,331)|(831,757)|
|NET CURRENT ASSETS||~84,219)|~184,895)|
|TOTAL ASSETS LESSCURRENT||||
|LIABILITIES||177,379|218,859|
|CREDITORS||||
|Amounts
falling due after more than one|year 18||(59,666)|
|NET ASSETS||177,379|159,193|
|FUNDS|22|||
|Unrestricted
funds||177,379|159,193|
|TOTAL FUNDS||177,379|159,193|
||||||CASH FLOW STATEMENT||
|---|---|---|---|---|---|---|
|||||FOR THE|YEAR ENDED 31 DECEMBER 2021||
||||||31.12.21|31.12.20|
|||||||as restated|
|||||Notes|||
|Cash flows from||operating||activities|||
|Cash generated|from operations||||1,059,822|790,790|
|Net cash provided||by operating
activities|||1,059,822|790,790|
|Cash flows from||investing||activities|||
|Purchase oftangible
fixed assets|||||(3,255)|(225,698)|
|Interest received
Interest paid|||||934
~9,786)|1,252
~8,590)|
|Net cash used
in||investing|activities||~12,107)|~233,036)|
|Cash flows from||financing||activities|||
|Loan repayments
in year
Capital repayments
in year|||||(50,000)
~54,448)|(37,500)
~38,774)|
|Net cash used
in||financing|activities||~104,448)|~76,274)|
|Change
in cash||and cash||equivalents|||
|in the reporting||period|||943,267|481,480|
|Cash and cash|equivalents|||at the|||
|beginning
ofthe||reporting||period|646,862|165382|
|Cash and cash|equivalents|||at the end|||
|ofthe reporting||period|||1,590,129|646,862|
##
##
|ACTIVITIES||||||
|---|---|---|---|---|---|
|||||31.12.21|31.12.20|
||||||as restated|
|||||E|E|
|Net income/(expenditure)||for the reporting|period (as per the|||
|Statement of Financial Activities)||||18,186|(594,342)|
|Adjustments
for:||||||
|Depreciation
charges||||145,411|177,215|
|Interest received||||(934)|(1,252)|
|Interest paid||||9,786|8,590|
|(Increase)/decrease|in stocks|||(1,952)|27,088|
|(Increase)/decrease|in debtors|||(23,031)|680,110|
|Increase
in creditors||||912,356|493,381|
|Net cash provided|by operations|||1,059 822|790,790|
|ANALYSIS OF CHANGES||IN NET FUNDS||||
||||At 1.1.21|Cash flow|At 31.12.21|
||||||F|
|Net cash||||||
|Cash at bank|||646,862|943,267|1,590,129|
||||646 862|943,267|1,590,129|
|Debt||||||
|Finance leases|||(101,614)|54,448|(47,166)|
|Debts falling due within
1 year
Debts falling due after 1 year|||(50,000)
~12,500)|37,500
12,500|(12,500)|
||||~164,114)|104,448|~59,666)|
|Total|||482,748|1,047,715|1,530,463|
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|DONATIONS
AND LEGAC|IES||||
|---|---|---|---|---|
||||31.12.21|31.12.20|
|||||as restated|
||Unrestricted|Restricted|Total|Total|
||funds|funds|funds|funds|
||F||F|F|
|Donations|200,439|1,176,293|1,376,732|1,306,624|
##
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|INVESTMENT|INCOME||||||
|---|---|---|---|---|---|---|
||||||31.12.21|31.12.20|
|||||||as restated|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
||||E|F|E||
|Deposit account interest|||934||934|1,252|
|INCOME FROM CHARITABLE ACTIVITIES|||||||
||||||31.12.21|31.12.20|
|||||||as restated|
|||Activity||||E|
|Leisure centre|income|Charitable|activities||2,027,270|1,900,862|
|Management|fees|Charitable|activities||156,000|156,000|
||||||2,183,270|2,056,862|
##
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|CHARITABLE ACTIVI|TIES COSTS||||
|---|---|---|---|---|
|||Direct|Support||
|||Costs (see|costs (see||
|||note 6)|note 7)|Totals|
|||F|E||
|Charitable
activities||3,480,228|62,521|3,542,750|
|DIRECT COSTS OF CHARITABLE ACTIVITIES|||||
||||31.12.21|31.12.20|
|||||as restated|
||||F||
|Staff costs|||2,546,853|2,884,585|
|Leasing
Activity costs
Insurance|||9,786
9,863
44,315|12,053
6,676
33,310|
|Post, stationery
and publicity|||444|14,334|
|Licences|||33,402|65,705|
|Computer costs
Staff costs|||58,742|37,346
1,962|
|Purchases
for resale|||6,202|37,755|
|Legal and professional|fees||50|87,045|
|Property expenses
Telephone|||418,020
4,309|320,074
15,644|
|Sundry expenses
Bank charges
Equipment
repairs and|renewals||1,912
9,867
58,145|1
9,273
52,444|
|Carried forward|||3,201,910|3,578,207|
##
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##
||||31.12.21|31.12.20|
|---|---|---|---|---|
|||||as restated|
||||F|E|
|Brought forward|||3,201,910|3,578,207|
|Training|||631|7,078|
|Travelling|||1,714|1,781|
|Uniforms|||819|2,886|
|Publicity and|marketing||765||
|Subscriptions|||6,328|1,756|
|Irrecoverable|VAT||92,972|75,847|
|Interest payable|||29,679||
|Depreciation|||145,411|202,715|
||||3,480,229|3,870,270|
|SUPPORT COSTS|||||
||||Governance||
|||Management|costs|Totals|
||||E|E|
|Charitable
activities||57,332|5,189|62,521|
##
||||||31.12.21|31.12.20|
|---|---|---|---|---|---|---|
|||||||as restated|
||||||Charitable|Total|
||||||activities|activities|
||||||P|F|
|Rent|||||57,332|79,810|
|Auditors'|remuneration||||5 189|9,000|
||||||62,521|88,810|
|NET INCOME/(EXPENDITURE)|||||||
|Net income/(expenditure)|||is stated after|charging/(crediting):|||
||||||31.12.21|31.12.20|
|||||||as restated|
||||||E|F|
|Depreciation||-owned assets|||68,643|133,255|
|Depreciation||-assets on|hire purchase|contracts and finance leases|76,768|43,961|
|Hire of plant||and machinery|||9,786|12,053|
##
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##
|||31.12.21|31.12.20|
|---|---|---|---|
||||as restated|
|Fees payable to the charity's|auditors for the audit ofthe charity's|||
|financial statements||5,189|9,000|
##
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##
|||31.12.21|31.12.20|
|---|---|---|---|
||||as restated|
|||F||
|Wages|and salaries|2,268,350|2,582,224|
|Social|security costs|108,630|117,123|
|Other|pension costs|169,873|185,238|
|||2,548,853|2,884,585|
|The|average
monthly
number ofemployees|during the year was as follows:||
|---|---|---|---|
|||31.12.21|31.12.20|
||||as restated|
|Full|time|33|37|
|Part|time|251|293|
|||284|330|
##
|NOTES TO THE FINANCIAL STATEMENTS - continue
FOR THE YEAR ENDED 31 DECEMBER 2021|NOTES TO THE FINANCIAL STATEMENTS - continue
FOR THE YEAR ENDED 31 DECEMBER 2021|NOTES TO THE FINANCIAL STATEMENTS - continue
FOR THE YEAR ENDED 31 DECEMBER 2021|NOTES TO THE FINANCIAL STATEMENTS - continue
FOR THE YEAR ENDED 31 DECEMBER 2021|NOTES TO THE FINANCIAL STATEMENTS - continue
FOR THE YEAR ENDED 31 DECEMBER 2021|d||
|---|---|---|---|---|---|---|
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||||
|||||Unrestricted|Restricted|Total|
|||||fund|funds|funds|
|||||||as restated|
|INCOME|AND ENDOWMENTS||FROM||||
|Donations|and legacies||||1,306,624|1,306,624|
|Charitable|activities||||||
|Charitable|activities|||2,056,862||2,056,862|
|Investment|income|||1,252||1,252|
|Total||||2,058,114|1,306,624|3,364,738|
|EXPENDITURE ON|||||||
|Charitable|activities||||||
|Charitable|activities|||2,652,456|1,306,624|3,959,080|
|NET INCOME/(EXPENDITURE)||||(594,342)||(594,342)|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought||forward||753,535||753,535|
|TOTAL FUNDS CARRIED FORWARD||||159,193||159,193|
##
|ofthis adjus|tmen|t
on the Company
are as follows|:|||
|---|---|---|---|---|---|
|||||Prior period||
|||||adjustment
for||
|||||annual
leave||
||||As Previously|accrual(E)||
|Profit and|Loss Account 2020||stated(F)||As restated(F)|
|Income
Expenditure|||3,364,738
~3,747,850)~211,220)||3,364,738
~3,959,080)|
|Net Movement||in Funds|(383,122)|(211,220)|(594,342)|
|Total funds|brought
forward||753,535||753,535|
|Total funds|carried forward||370,4'13|~211,220)|159,193|
|Balance sheet||as at 31 December 2020||||
|Unrestricted|funds||370,413|(211,220)|159,193|
|Restricted funds||||||
|Total funds|||370,413|~211,220)|159,193|
##
##
##
##
|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||Improvements||||
||to|Plant and|Computer||
||property|machinery|equipment|Totals|
||F|||F|
|COST|||||
|At 1 January 2021|1,184,103|1,398,042|120,817|2,702,962|
|Additions||3,255||3,255|
|At 31 December 2021|1,184,103|1,401,297|120,817|2,706,217|
|DEPRECIATION|||||
|At 1 January 2021
Charge for year|1,156,290
27,813|1,022,101
117,598|120,817|2,299,208
145,411|
|At 31 December 2021|1,184,103|1,139,699|120,817|2,444,619|
|NET BOOK VALUE|||||
|At 31 December 2021||261,598|-|261,598|
|At 31 December 2020|27,813|375,941|-|403,754|
|Fixed assets, included
in the above, which are held under|hire purchase
contracts are as follows:|
|---|---|
||Plant and|
||machinery|
||E|
|COST||
|At 1 January 2021 and||
|31 December 2021|460,942|
|DEPRECIATION||
|At 1 January 2021|146,715|
|Charge for year|76,768|
|At 31 December 2021|223 483|
|NET BOOK VALUE||
|At 31 December 2021|237,459|
|At 31 December 2020|314,227|
##
##
|15.|STOCKS||FO|R THE YEAR ENDED 31 DECEMBER|2021||
|---|---|---|---|---|---|---|
||||||31.12.21|31.12.20|
|||||||as restated|
||||||F|F|
||Stocks||||1,952||
|16.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
||||||31.12.21|31.12.20|
|||||||as restated|
||||||E|E|
||Trade debtors||||10,058||
||Other debtors||||1,118||
||Prepayments
and accrued|||income|11,855||
||||||23,031||
|17.|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR|||
||||||31.12.21|31.12.20|
|||||||as restated|
||||||F||
||Other loans (see note|19)|||12,500|50,000|
||Hire purchase (see note||20)||47,166|54,448|
||Trade creditors||||63,690||
||Amounts
owed to group||undertakings||931,420|403,900|
||Social security and other||taxes||33,887|108,422|
||Other creditors||||55,750|3,767|
||Accruals and deferred|income|||554,918|211,220|
||||||1,699,331|631,757|
|18.|CREDITORS: AMOUNTS|||FALLING DUE AFTER MORE THAN ONE YEAR|||
||||||31.12.21|31,12.20|
|||||||as restated|
|||||||E|
||Other loans (see note|19)||||12,500|
||Hire purchase (see note||20)|||47,166|
|||||||59,666|
##
##
|An analysis
ofthe maturity
of loans is given below:|||
|---|---|---|
||31.12.21|31.12.20|
|||as restated|
||F|F|
|Amounts
falling due within one year on demand:
Other loans|12,500|50,000|
|Amounts
falling between one and two years:
Other loans - 1-2 years||12,500|
##
|Minimum
lease|payments
under hire purchase
fall d|ue as follows:||
|---|---|---|---|
|||31.12.21|31.12.20|
||||as restated|
||||E|
|Net obligations
repayable:
Within one year
Between one and five years||47,166|54,448
47,166|
|||47,166|101,614|
##
|ANALY|SIS OF NET ASSETS|BETWEEN FUNDS||||
|---|---|---|---|---|---|
|||||31.12.21|31.12.20|
||||||as restated|
|||Unrestricted|Restricted|Total|Total|
|||fund|funds|funds|funds|
||||||F|
|Fixed assets||261,598||261,598|403,754|
|Current|assets|1,615,112||1,615,112|646,862|
|Current
liabilities
Long term liabilities||(1,699,331)||(1,699,331)|(831,757)
~59,666)|
|||177,379||177,379|159,193|
##
##
|MOVEM|ENT|IN FUNDS|||||
|---|---|---|---|---|---|---|
|||||Prior|Net||
|||||year|movement|At|
||||At 1.1.21|adjustment|in funds|31.12.21|
||||E|F|E||
|Unrestricted||funds|||||
|General|fund||370,413|(211,220)|18,186|177,379|
|TOTAL|FUNDS||||||
|Net mov|emen|t
in funds,
in|cluded
in the above a|re as follows:|||
|---|---|---|---|---|---|---|
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|||||f.|E|f.|
|Unrestricted||funds|||||
|General|fund|||2,384,643|(2,366,457)|18,186|
|Restricted funds|||||||
|National
Leisure Recovery
Coronavirus
Job Retention|||Fund
Scheme|375,572
800,721|(375,572)
~800,721)||
|||||1,176,293|~1,176,293)||
|TOTAL|FUNDS|||3,560,936|~3,542,750)|18,186|
##
|Compar|atives|for movement
in funds||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.1.20|in funds|31.12.20|
||||F||E|
|Unrestricted||funds||||
|General|fund||753,535|(594,342)|159,193|
|TOTAL|FUNDS||753,535|~594,342)|159,193|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|||F|F|E|
|Unrestricted|funds||||
|General
fund||2,058,114|(2,652,456)|(594,342)|
|Restricted funds|||||
|Coronavirus|Job Retention Scheme|1,306,624|(1,306,624)||
|TOTAL FUNDS||3,364,738|~3,959,080)|~594,342)|
##
##
|A current yea|r 12 months
|and prior year 12 months|combi|ned
position
is|as follows:||
|---|---|---|---|---|---|---|
|||||Prior|Net||
|||||year|movement|At|
|||At 1.1.20||adjustment|in funds|31.12.21|
|||||E||F|
|Unrestricted|funds||||||
|General
fund||753,535||(211,220)|(576,156)|(33,841)|
|TOTAL FUNDS||753,535||~211,220)|~576,156)|~33,841)|
|A current year 12 months||and prior year 12 months|combined
net movement
in funds,|||included
in th|
|above are as|follows:||||||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|||||E|F|E|
|Unrestricted|funds||||||
|General
fund||||4,442,757|(5,018,913)|(576,156)|
|Restricted funds|||||||
|National
Leisure Recovery||Fund||375,572|(375,572)||
|Coronavirus|Job Retention|Scheme||2,107,345|~2, 107,345)||
|||||2,482,917|~2,482,917)||
|TOTAL FUNDS||||6,925,674|~7,501 830)|~576,156)|
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