##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||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)|