2022-03-31-accounts

				Unrestricted	Restricted	Total	Total
				Funds	Funds	2022	2021
			Note	f.		E
Income from:
Charitable activities				9,323,648		9,323,648	7,303,863
Other trading activities				288,942		288,942	226,635
Investments				486		486	1,471
Total income				9,613,076		9,613,076	7,531,969
Expenditure on:
Raising funds			3	85,564		85,564	17,830
Charitable activities			3	11,570,219		11,570,219	8,996,497
Total expenditure				11,655,783		11,655,783	9,014,327
Net expenditure for the year			1	(2,042,707)		(2,042,707)	(1,482,358)
Other recognised	gains and losses
Actuarial gains/(losses)		on defined
benefit pension scheme			16	6,238,000		6,238,000	(9,606,000)
Net movement in funds				4,195,293		4,195,293	(11,088,358)
Funds at 1 April 2021				(16,019,512)	32,865	(15,986,647)	(4,898,289)
Funds at 31 March	2022			(11,824,219)	32,865	(11,791,354)	(15,986,647)

						2022	2021
					Note
Fixed assets
Tangible fixed assets						848,176	967,305
Current assets
Stocks						18,646	20,273
Debtors						367,154	450,315
Cash at bank and in	hand					3,751,380	3,708,690
						4,137,180	4,179,278
Creditors: amounts	falling
due within one year						(1,609,710)	(1,768,230)
Net current assets						2,527,470	2,411,048
Net assets excluding		pension	scheme	liability		3,375,646	3,378,353
Defined benefit pension		scheme	liability		16	(15,167,000)	(19,365,000)
Net (liabilities) including		pension	scheme	liability		(11,791,354)	(15,986,647)
Represented by:
Restricted funds					10	32,865	32,865
Unrestricted funds:
General funds					11	2,514,229	1,399,515
Designated funds					12	828,552	1,945,973
						3,342,781	3,345,488
Pension fund						(15,167,000)	(19,365,000)
Total unrestricted funds						(11,824,219)	(16,019,512)
Total (deficit)						(11,791,354)	(15,986,647)

							2022	2021
Cash flows from	operating	activities:
Net cash provided	by/(used	in) operating	activities				146,930	(306,663)
Cash flows from	investing	activities:
Interest							486	1,471
Purchase oftangible fixed assets							(104,726)	(50,387)
Net cash (used in)	investing	activities					(104,240)	(48,916)
Increase/(decrease)	in cash	and cash equivalents			in the	year	42,690	(355,579)
Cash and cash equivalents		at the beginning		ofthe	year		3,708,690	4,064,269
Total cash and cash equivalents at the end				of the	year		3,751,380	3,708,690
RECONCILIATION	OF NET (EXPENDITURE) TO NET					CASH FLOWS
FROM OPERATING ACTIVITIES
							2022	2021
Net (expenditure) as per the		SOFA					(2,042,707)	(1,482,358)
Depreciation							223,855	270,606
Interest							(486)	(1,471)
Decrease in stocks							1,627	7,374
Decrease/(increase)	in debtors						83,161	(295,879)
(Decrease)/increase	in creditors						(158,520)	283,065
Defined benefit pension scheme							2,040,000	912,000
Net cash provided	by/(used	in) operating	activities				146,930	(306,663)
ANALYSIS OF CHANGES IN NET FUNDS
						2021	Cash flow	2022
Cash in hand and at bank					3,708,690		42,690	3,751,380
Net funds					3,708,690		42,690	3,751,380

each asset down to its estimate	d residual value
Plant and Machinery	7 years
Sports Equipment	5 years
IT Equipment	3years
Office Equipment	5 years

Fo	r the year ended 31 M	r the year ended 31 M	arch 2022
1	NET EXPENDITURE			2022	2021
				E
	Net expenditure	is stated after charging:
	Depreciation of	tangible	fixed assets:
	Owned assets			223,855	270,606
	Operating lease	rentals
	- plant and machinery			120,295	115,551
	Auditor's remuneration
	-as auditor			15,920	21,110
	- other services	—VAT	advice	4,700	2,000
	Internal audit			17,100	12,300
2	INCOME FROM	CHARITABLE ACTIVITIES

2	INCOME FR	OM CHA	RITAB	LE ACTIVITI	E	S
								Total	Total
				Unrestricted			Restricted	Funds	Funds
						Funds	Funds	2022	2021
						F		E
	Income from	operation	ofsports
	facilities			5,945,449				5,945,449	1,283,696
	Grants (management		fees)	2,517,515				2,517,515	2,779,909
	CJRS income and Covid grants				860,684			860,684	3,240,258
				9,323,648				9,323,648	7,303,863
3	ANALYSIS OF TOTAL EXPENDITURE
				Unrestricted		Pension	Restricted	Total	Total
				Funds		Reserve	Funds	Funds	Funds
								2022	2021
								E
	Other trading activities
	Cost of goods sold			81,973				81,973	10,194
	Other			3,591				3,591	7,636
				85,564				85,564	17,830
	Charitable activities
	Staff costs			5,903,392		1,627,000		7,530,392	6,237,225
	Other employee costs			185,535				185,535	75,683
	Premises			1,563,996				1,563,996	1,017,433
	Transport			41				41
	Professional	fees		19,800				19,800	22,527
	Depreciation			223,855				223,855	270,606
	Other			1,586,301		413,000		1,999,301	1,326,120
	Governance	costs		47,299				47,299	46,903
				9,530,219		2,040,000		11,570,219	8,996,497

			Unrestricted	Pension	Restricted	Total	Total
			Funds	Reserve	Funds	Funds	Funds
						2022	2021
Legal costs			33,020			33,020	33,410
Trustee indemnity
insurance							578
Staff costs	relating	to
preparation	and		14,279			14,279	12,915
attendance	at trustee
meetings
Total			47,299			47,299	46,903

					2022	2021
					E
Staff costs
Wages	and salaries				4,906,316	4,656,018
Social security costs					370,081	289,112
Pension	costs				2,268,274	1,305,009
					7,544,671	6,250,139
					2022	2021
					Number	Number
Average	number	ofpersons employed,	including	executive
directors	(FTE)				167	164
Average	number	ofpersons employed,	including	executive
directors	(head	count)			371	424

TANGIBLE FIXED	ASSETS
	Freehold	Refurbishment	Plant &	Sports	IT	&Office
	land	costs	Machinery	Equipment	Equipment		Total
	F	E				E
Cost
At 1 April 2021	467,826	2,169,586	200,520	1,301,107		878,983	5,018,022
Additions		36,246	6,861	60,377		1,242	104,726
31 March 2022	467,826	2,205,832	207,381	1,361,484		880,225	5,122,748
Depreciation
At 1 April 2021		1,909,796	152,886	1,144,641		843,394	4,050,717
Charge for year		93,492	14,166	96,988		19,209	223,855
31 March 2022		2,003,288	167,052	1,241,629		862,603	4,274,572
Net book
amount
31 March 2022	467,826	202,544	40,329	119,855		17,622	848,176
31 March 2021	467,826	259,790	47,634	156,466		35,589	967,305
STOCKS
					2022		2021
							f.
Goods for resale				18,646			20,273

DEBTORS
	2022	2021
Trade debtors	354,673	29,683
Other debtors	7,591	414,689
Pre payments	4,890	5,943
	367,154	450,315

CREDITORS: Amounts	falling due within one year
		2022	2021
		E	Z
Trade creditors		113,689	131,018
Other taxation and social security		186,709	155,637
Other creditors		82,854	245,725
Accruals and deferred	income	1,226,458	1,235,850
		1,609,710	1,768,230

Balance	as at 1 April 2021	237,054
Amount	released to income	(237,054)
Amount	deferred in the year	56,249
Balance	as at 31 March 2022	56,249

The fund	s ofthe charity inclu	de restricted funds	held on trust to be a	held on trust to be a	pplied for	pplied for	specific purp	oses.
			Movement		in Funds
		Balance						Balance
		1 April						31 March
		2021	Income F	Expenditure		f	Transfers P.	2022
Physical	Activity Board	18,015						18,015
Street Games		12,420						12,420
Active Citizens		2,430						2,430
Total		32,865						32,865
Prior Year			Movement		in Funds
		Balance						Balance
		1 April						31 March
		2020	Income	Expenditure			Transfers	2021
							E
Physical	Activity Board	17,970	45					18,015
Street Games		12,420						12,420
Active Citizens		2,430						2,430
Total		32,820	45					32,865

							2022	2021
							F
	1 April 2021						1,399,515	3,375,891
	Net (expenditure)/income						(2,707)	(570,403)
	Transfer	from/(to)	designated	fund			1,117,421	(1,405,973)
	31 March	2022					2,514,229	1,399,515
	General	Funds include an amount			for	the Ryland Repair Fund.
12	DESIGNATED FUNDS
							2022	2021
	1 April 2021						1,945,973	540,000
	Transfer	(to)/from	unrestricted	general		funds	(1,117,421)	1,405,973
	31 March	2022					828,552	1,945,973

		Unrestricted	Restricted	Total	Total
		Funds	Funds	2022	2021
Tangible	fixed assets	848,176		848,176	967,305
Stocks		18,646		18,646	20,273
Debtors		367,154		367,154	450,315
Cash at	bank and in hand	3,718,515	32,865	3,751,380	3,708,690
Creditors	due within one year	(1,609,710)		(1,609,710)	(1,768,230)
Defined	benefit pension scheme
liability		(15,167,000)		(15,167,000)	(19,365,000)
Net assets/(liabilities)		(11,824,219)	32,865	(11,791,354)	(15,986,647)
Prior year —31 March 2021:		Unrestricted	Restricted	Total	Total
		Funds	Funds	2021	2020
Tangible	fixed assets	967,305		967,305	1,187,525
Stocks		20,273		20,273	27,647
Debtors		450,315		450,315	154,436
Cash at	bank and in hand	3,675,825	32,865	3,708,690	4,064,269
Creditors	due within one year	(1,768,230)		(1,768,230)	(1,485, 166)
Defined	benefit pension scheme
liability		(19,365,000)		(19,365,000)	(8,847,000)
Net assets/(liabilities)		(16,019,512)	32,865	(15,986,647)	(4,898,289)

OMMITM	ENTS UNDER OPERATING LEASES
			2022	2021
At 31 March 2022, the Charity had total future commitments		under non-
cancellable operating leases as follows:
Plant and	machinery:
Amounts	due within one year		40,025	39,197
Amounts	due within one to five years		360	202
			40,385	39,399

									At 31 March	At 31 March	At	31 March
										2022		2021
Rate of	increase			in salaries						4.15%		3.8%
Rate of	increase			in pensions		in
payment										3.15%		2.8%
Discount	rate									2.75%		2.05%
Inflation	assumption									3.15%		2.8%
The current		mortality			assumptions		included	sufficient allowance	for future	improvements		in mortality	rates.
The assumed			life	expectations		on	retirement	age 65 are:
									At 31 March		At	31 March
										2022		2021
Retiring	today:-
Males										21.2		21.6
Females										23.6		23.9
Retiring	in 20		years:-
Males										22.9		23.4
Females										25.4		25.8

The fair value ofthe asse	ts in t	he scheme was:
			2022	2021
			f000	OOOO
Equities			21,368	17,095
Government Bonds			7,016	2,890
Other Bonds				1,114
Property			2,232	2,096
Cash			1,276	1,734
Other				4,087
Total fair value ofassets			31,892	29,016
			2022	2021
			f000	f000
Trust's estimated asset share			31,892	29,016
Present value ofscheme	liabilities		(47,059)	(48,381)
Deficit in the scheme			(15,167)	(19,365)
ANALYSIS OF THE AMOUNT		CHARGED TO STATEMENT	2022	2021
OF FINANCIAL ACTIVITIES			f000	f000
Employer contributions			630	609
Current service cost			(2,257)	(1,302)
Past service cost				(1)
Net interest cost			(413)	(201)
Administration expenses				(17)
			(2,040)	(912)
Analysis ofthe amount	charged to actuarial gains/(losses)		2022	2021
on defined benefit pension scheme			f000	OOOO
Remeasurements (assets)			1,808	4,099
Experience gains and losses on liabilities			(101)	339
Change in demographic	assumptions		262	407
Changes in assumptions			4,269	(14,451)
Actuarial gain/(loss) recognised		in SOFA	6,238	(9,606)

Cumulative actuarial loss	es re	cognised in the SOFA totalled	E3,663,000 (2021:F9,901	,000 loss).
			2022	2021
			OOOO	f000
Movement in deficit during		year
Deficit in scheme at beginning		ofyear	(19,365)	(8,847)
Movement in year:
Current service cost			(2,257)	(1,302)
Past service cost				(1)
Contributions			630	609
Net return on assets			(413)	(201)
Actuarial gain/(loss)			6,238	(9,606)
Administrative expenses				(17)
Deficit in scheme at end	ofyear		(15,167)	(19,365)
Asset and Liability reconciliation
			2022	2021
			f000	OOOO
Reconciliation of liabilities:
Liabilities at start ofyear			48,381	32,922
Current service cost			2,257	1,302
Interest cost			1,012	770
Member contributions			242	236
Return on assets less interest			(4,269)	14,451
Change in demographic	assumptions		(262)	(407)
Experience loss on defined benefit obligation			101	(339)
Benefits paid			(403)	(555)
Past service cost				1
Liabilities at the end ofyear			47,059	48,381
Reconciliation ofassets:
Assets at start ofyear			29,016	24,075
Interest on plan assets			599	569
Actuarial gains/(losses)			1,808	4,099
Administrative expenses				(17)
Employer contributions			630	609
Member contributions			242	236
Benefits paid			(403)	(555)
Assets at the end ofyear			31,892	29,016

					Unrestricted	Restricted	Total
					Funds	Funds	2021
Income from:
Charitable activities					7,303,818	45	7,303,863
Other trading activities					226,635		226,635
Investments					1,471		1,471
Total income					7,531,924	45	7,531,969
Expenditure on:
Raising funds					17,830		17,830
Charitable activities					8,996,497		8,996,497
Total expenditure					9,014,327		9,014,327
Net income/(expenditure)			for the	year	(1,482,403)	45	(1,482,358)
Other recognised	gains and losses
Actuarial (losses)/gains		on	defined	benefit pension
scheme					(9,606,000)		(9,606,000)
Net movement in funds					(11,088,403)	45	(11,088,358)
Funds at 1 April 2020					(4,931,109)	32,820	(4,898,289)
Funds at 31 March 2021					(16,019,512)	32,865	(15,986,647)