##
||||||Page|
|---|---|---|---|---|---|
|Report ofthe Trustees,
including||strategic|report||1-9|
|Reference and administrative
details ofthe Charitable||||Company,|1|
|its Trustees
and advisors||||||
|Structure, governance
and management||||||
|Objectives and activities||||||
|Strategic report|||||3-7|
|~Achievement
and performance||||||
|Financial
review|||||56|
|-Plans for future periods||||||
|Trustees responsibilities||||||
|Report ofthe independent|auditors||||10-12|
|Consolidated
Statement of Financial Activities|||||13|
|(Incorporating
an Income|and Expenditure||Account)|||
|Consolidated
Balance Sheet|||||14|
|Company
Balance Sheet|||||15|
|Consolidated
Cash Flow|Statement||||16|
|Notes to the Consogdated|Cash Flow Statement||||17|
|Notes to the Consolidated|Financial|Statements|||16.40|
##
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##
|Registered|Company|Company|Company|Company|number|number|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|04809606|(England|||and Wales)|||||||||||||
|Registered|Charity|||number|||||||||||||
|1102460|||||||||||||||||
|Registered|oNce|||||||Place ofBusiness|||||/ Head office||||
|High Elms|Golf|Course||||||Crofton||Halls,|||||||
|High Elms|Road|||||||York Rise|||||||||
|Downs||||||||Orpington|||||||||
|Orpington|||||||||||||||||
|BR6TJL||||||||BR6BPR|||||||||
|The Charitable||Company||||and Group carries||out its opsrabons||at multiple||sites.||For information|on the sites where|the Charitable|
|Company
and Group||||operates please visit the Mytlms Active|||||website||at hNP://www.|||mytimeactivs.|co.uk.||
|Trustees|||||||||||||||||
|M D Oakley|||||||||||||||||
|C Whafford|||||||||||||||||
|RJ Evans|||||||||||||||||
|A Hollands||||||||Resigned 25s||March 2021|||||||
|M REvans|||||||||||||||||
|I M Gowan|||||||||||||||||
|A Muzzelle|||||||||||||||||
|A Cuthbert||||||||Resigned 22~ February 2021|||||||||
|A Oag|||||||||||||||||
|S Klrkland|||||||||||||||||
|J King||||||||Appointed|23«June||2021||||||
|Chief Executive|||||||||||||||||
|M Mayne|||||||||||||||||
|Company
Secretary|||||||||||||||||
|SServantss|||||||||||||||||
|Auditors|||||||||||||||||
|McCabe Ford Williams|||||||||||||||||
|Statutory Auditors|||and||Chartered||Accountants||||||||||
|Bank Chambers|||||||||||||||||
|1 Central Avenue|||||||||||||||||
|Sittingboums|||||||||||||||||
|Kent|||||||||||||||||
|ME104AE|||||||||||||||||
|Solicitors|||||||||||||||||
|Blake Morgan Apex Plaza. Forbury Road. Reading. RG11AX|||||||||||||||||
|Grippe LLP,|23 Kings|||Hill Avenue,|||Kings Hill, Kent ME194UA||||||||||
|Clarkson,
Wright||and||Jakes, Valiant House, 12 Knoll Rise, Orpington,|||||||Kent,|BR6OPG|||||
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|Ths capital exp|enditure
during
the y|ear to 31 March 2021 was as follows:||
|---|---|---|---|
|Company||(note 16)|f|
|Improvements|to property||115,151|
|Computer
equipment|||49,480|
|Total purchased|||~164631|
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##
|||FOR|THE YEAR ENDE|D 31 MARCH 20|21|||
|---|---|---|---|---|---|---|---|
||||||||As restated|
||||||||(note 5)|
|||Notes|Unrestricted|Restricted|Pension|31.3.21|31.3.20|
||||Funds|Funds|Adjustment|Total|Total|
||||||Unrestricted|Funds|Funds|
||||6|6|6|6|E|
|INCOME||||||||
|Donations
and legacies||||5,585,559||5,585,559|134,779|
|Income from cheniebie activities:||||||||
|Operation
ofleisure, recreation||6|7,809,450|25,670||7,835,120|25,329,975|
|sites and health activities||||||||
|Other funding||6|468,167|~812179||1,280,346|835,601|
||||8,277,617|6,423,408||14,701,025|26,300,355|
|Income from other trading|activities:|||||||
|Commercial
trading operations||3|||||1,223,567|
|Income from investments:||||||||
|Investment
income|||10,178|||10,178|24,836|
|Total income|||8,287,795|6,423,408||14,711,203|27,548,758|
|EXPENDITURE||||||||
|Costs ofraising funds:||||||||
|Commercial
trading operations||3|4,495|||4,495|1,176,197|
|Expenditure
on charitable|activities:|||||||
|Operation
ofleisure, recreation||8|12,829,756|5,770,601|43,000|18,643,357|29,357,312|
|sites and heallh
activities||||||||
|Total expenditure|||12,834,251|5,770,601|43,000|18,647,852|30,533,509|
|Net (expenditure)
for the|year before||(4,546,456)|652,807|(43,000)|(3,936,649)|(2,984,751)|
|actuarial
gains I (losses)|under FRS102|||||||
|Re-measurements
on defined||25|||(82,000)|(82,000)|38,000|
|benefit schemes||||||||
|Net movemsnt
In funds|||(4,546,456)|652,807|(125,000)|(4,018,649)|(2,946,751)|
|RECONCILIATION
OF FUNDS||28||||||
|Total funds brought
forward|||8,384,636|149,595|(504,000)|8,030,231|10,976,982|
|Total funds carried forward|||3,838,180|802,402|~629,000|4,011,582|8,030,231|
##
||||CONSOLIDATED|BALANCE|SHEET|||
|---|---|---|---|---|---|---|---|
||||AT 31 MARCH 2021|||||
||||31,3.21||31.3.21|31.3.20|31.3.20|
||||Total||Total|Total|Total|
||||Funds||Funds|Funds|Funds|
|||||8|f|f|E|
|||Notes||||||
|FIXEDASSETS||||||||
|Intangible
assets||15||||||
|Tangible assets||16|||5,859,699||7,551,419|
|Investments||17||||||
||||||5,859,699||7,551,419|
|CURRENT ASSETS||||||||
|Stocks||18|111,964|||221,974||
|Debtors: amounts|falling due|19|1,874,977|||1,332,413||
|within one year||||||||
|Cash at bank and|in hand||2,223,713|||5,227,095||
||||4,210,654|||6,781,482||
|CREDITORS||||||||
|Amounts
falling due within||||||||
|one year||20|3,887,250|||3,517,712||
|NET CURRENT ASSETS|||||323,404||3,263,770|
|TOTAL ASSETS|LESSCURRENT|||||||
|LIABILITIES|||||6,183,103||10,815,189|
|CREDITORS||||||||
|Amounts
falling|due after|21|||(1,293,320)||(1,962,000)|
|more than one year||||||||
|PROVISIONS FOR||24|||(249,201)||(318,958)|
|LIABILITIES||||||||
|NET ASSETS EXCLUDING||||||||
|PENSION LIABILITY|||||4,640,582||8,534,231|
|PENSION LIABILITY||25|||(629,000)||(504,000)|
|NET ASSETS|||||4,011,582||8,030,231|
|FUNDS||||||||
|Unrestricted
funds|||||3,209,180||7,880,636|
|Restricted
funds|||||802,402||149,595|
|TOTAL FUNDS||28|||4,011,582||8,030,231|
|MYTIME ACTIVE|||||Company|Company|Registered|Number:||04809606|
|---|---|---|---|---|---|---|---|---|---|---|
||||COMPANY BALANCE SHEET||||||||
||||A~732|ARCH 2021|||||||
||||31.3.21||31.3.21|||31.3.20||31,3.20|
||||Total|||Total||Total||Total|
||||Funds|||Funds||Funds||Funds|
|||||6|||6||6||
|||Notes|||||||||
|FIXEDASSETS|||||||||||
|Intangible
assets||15|||||||||
|Tangible assets||16|||5,859,699|||||7,551,419|
|Investments||17|||||1|||1|
||||||5,859,700|||||7,551,420|
|CURRENT ASSETS|||||||||||
|Stocks||18|111,964|||||194,758|||
|Debtors: amounts|falling due|19|1,911,047|||||1,370,162|||
|within one year|||||||||||
|Cash at bank and|in hand||2,187 640|||||5,191,025|||
||||4,210,651|||||6,755,945|||
|CREDITORS|||||||||||
|Amounts
falling due within|||||||||||
|one year||20|~3882,756|||||3492|176||
|NET CURRENT ASSETS||||||327|895|||3 263 769|
|TOTAL ASSETS|LESSCURRENT||||6,187,595|||||10,815,189|
|LIABILITIES|||||||||||
|CREDITORS|||||||||||
|Amounts
falling|due after|21|||(1,293,320)|||||(1,962,000)|
|more than one year|||||||||||
|PROVISIONS FOR||24|||(249,201)|||||(318,958)|
|LIABILITIES|||||||||||
|NET ASSETS EXCLUDING|||||||||||
|PENSION LIABILITY|||||4|645|074|||8534231|
|PENSION LIABILITY||25|||(629,000)|||||(504,000)|
|NET ASSETS|||||4 016,074|||||8030231|
|FUNDS|||||||||||
|Unrestricted
funds|||||3,213,672|||||7,880,636|
|Restricted
funds|||||802,402|||||149,595|
|TOTAL FUNDS||28|||4,016,074|||||8,1130231|
##
||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|
||||31.3,21|31.3.20|31.3.21|31.3.20|
||||8|8|8|6|
|Cash flows from|operating|activities|(2,479,675)|(2,145,011)|(2,479,678)|(2,145,009)|
|Cash flows from|Investing|activities|||||
|Purchase of tangibkr
fixed assets|||(164,632)|(1,452,332)|(164,632)|(1,452,332)|
|Disposal oftangible
fixed assets|||(10,014)||(10,014)||
|Interest income|||10,178|24,836|10,178|24,836|
|Cash used
in investing
activities|||(164,468)|(1,427,496)|(164,468)|(1,427,496)|
|Cash flows from|financing|activities|||||
|Loan repayments|in year||(359,239)|(327,000)|(359,239)|(327,000)|
|(Decrease)/increase
In cash In the period|||(3,003,382)|(3,899,507)|(3,003,385)|(3,899,505)|
|Opening cash at|bank and|in hand|5222,095|9 126602|5 191 025|9 090 590|
|Closing cash at|bank and|In hand|2,223,713|5,227,095|2,187,640|5,191,025|
##
##
||||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|---|
||||||31.3.21|31.3.20|31.3.21|31.3.20|
|||||||f|f|f|
|Net movement
in funds|||||(3,936,649)|(2,984,751)|(3,932,154)|(2,984,751)|
|Depreciation||charges|||1,068,738|1,323,580|1,068,738|1,323,580|
|Loss on disposal offixed assets|||||797,628|78,027|797,628|78,027|
|Movement|in provisions||||(69,757)|(157,475)|(69,757)|(157,475)|
|(Increase)|/|decrease|in stocks||110,010|68,230|82,794|46,623|
|(Increase)|/|decrease|in debtors||(542,564)|339,623|(540,885)|332,424|
|(Decrease)||/ increase|in creditors||218,538|(892,409)|239,577|(863,601)|
|Interest provision
reversal|||||(158,441)||(158,441)||
|Net Interest||cost|||9,XO|10,000|9,000|10,000|
|Difference|between
pension charge||||34,000|95,000|34,000|95,000|
|and cash contribuUons
Interest received|||||10178|24 836|10,178|~24 836|
|Net cash out flow from operating|||||(2,479,675)|(2,145,011)|(2,479,678)|(2,145,009)|
|activities|||||||||
|ANALYSIS OF||||CASH AND|CASH EQUIVALENTS||||
||||||Group|Group|Company|Company|
||||||31.3.21|31.3.20|31.3.21|31.3.20|
||||||f|f|f|f|
|Cash
in hand|||||24,116|37,138|24,116|37,138|
|Notice deposits (less|||than 3 months)
2199597|||5189957|2163524|5153887|
||||||2,223,713|5 227 095|21876411|5191025|
|3.
ANALYSIS OF||||CHANGES|IN NET FUNDS —GROUP||||
|||||||At 1.4,20|Cash flow|;At 31,3.21|
|||||||f|f|f|
|Net cash|||||||||
|Cash at bank||and In hand||||~5227 095|~3,003382|2 223 713|
|||||||~5227 095|~3003382|2223713|
|Debt|||||||||
|Debts falling||due within||1 year||(327,000)|(151,000)|(478,000)|
|Debts falling||due affer|1|year||~7962000|~668680|~7293,320|
|||||||~2,289000|517680|~7777320|
|Total||||||2,938,095|~2485.702|452 393|
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|DONATIONS|DONATIONS|AND LEGACIES|AND LEGACIES|AND LEGACIES||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||As restated||
||||||||||||31.3.21||||31.3.20|
||||||||||||||||6|
|Coronavirus||job|retention||||||||5,585,559||||134,779|
|scheme||||||||||||||||
||||||||||||5585559||||194779|
|The Charitable|||company
received||65,585,559 (2020: 6134,779) of grant|||||funding|from the government's|||Coronavirus
J||
|Retention|Scheme (CJRS).|||||||||||||||
|Income from||donations was 65,585,559(2020:6134,779)||||||ofwhkh f5,585,559(2020:2134,779)was||||attributable|||to restricte|
|funds.||||||||||||||||
|n the 31|March||2020 financial|statements||the|Coronavirus|Job|Retention|Scheme|support was shown||within grants
in not|||
|. In accordance|||with the Charities||Statement||of Recommended||Practice|this has|to be reanalysed|in|the current||and prio|
|ear as a|donation.|||||||||||||||
|INCOMING RESOURCES FROM|||||CHARITABLE ACTIVITIES|||||||||||
|||||||||||||||As restated||
||||||||||||31.3.21||||31.3.20|
||||||||||||f||||6|
|Operation|of|leisure, recreafion|||||||||7,835,120|||25,329,975||
|sites and|health||activities|||||||||||||
|Other funding|||||||||||881,741||||665,601|
|Grants|||||||||||398,605||||170,000|
||||||||||||9 115468|||26|165576|
##
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##
|||||Direct|Direct|Support|31.3.21|31.3.20|
|---|---|---|---|---|---|---|---|---|
|||||Costs|Staff|Costs|Total|Total|
||||||Costs|(see note 8)|Charitable|Charitable|
||||||||Activities|Activities|
|||||||||8|
|Leisure,|recreation|and|health||||||
|activities||||~5673868|~9869432|~3100057|~18 643357|~29 357312|
##
||||||31.3.21|31.3.20|
|---|---|---|---|---|---|---|
||||||Operation
of|OperaUon
of|
||||||leisure,|leisure,|
||||||recreation sites|recreation sites|
||||||and health|and health|
||||||activities|activities|
|Wages|||||1,797,294|3,177,948|
|Premises expenses|||||133,435|73,795|
|Motor and travel|||||21,881|69,229|
|Overheads|||||672,700|421,345|
|Service charges|||||19,860|37,947|
|Legal and professional||including|governance|costs|83,323|79,254|
|Consultants|||||177,158|352,456|
|Depreciation
Interest|oftangible|assets|||211,592
~17186)|138,086
167,000|
||||||~3100057|~4517060|
##
##
##
##
##
|||||||As restated|
|---|---|---|---|---|---|---|
||||||31.3.21|31.3.20|
|||||||f|
|Auditors'|remuneration||||15,500|15,063|
|Auditors'|remuneration|for non-audit|work||5,175|3,150|
|Internal|audit fees|||||~5775|
||||||~20 675|~23 988|
|NET (OUTGOING) RESOURCES|||||||
|Net resources are stated after charging/||||(crediting);|||
||||||31.3.21|31.3.20|
|Auditors'|remuneration||||15,500|15,063|
|Auditors'|remuneration|for non-audit|work||5,175|3,150|
|Internal|audit fees|||||5,755|
|Audit of|trading subsidiary||||4,495|3,750|
|Depreciation
-owned||assets|||1,068,738|1,323,580|
|Hire ofplant and machinery|||||101,354|83,572|
|Cost ofstocks recognised as an expense
Loss/ (Surplus)
on disposal offixed assets|||||383,051
~797628)|1,808,145
~78 027|
##
##
##
|13.|STAFF COSTS|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||31.3.21|31.3.20|
||Company|||||||||
||Wages and salaries|||||||10,619,562|13,930,643|
||Social security costs|||||||651,087|964,320|
||Defined benefit pension costs|||||||34,000|105,000|
||Other pension costs|||||||362,077|569,459|
||Crystallisation
ofLGPS deficit|||||||||
|||||||||11,666,726|15,569,422|
||Contractor costs||||||||363,090|
|||||||||11,666,726|15,932,512|
||Subsidiary|||||||||
||Wages and salaries||||||||448,919|
||Social security costs||||||||37,252|
||Other pension costs||||||||26,055|
||||||||||512,226|
|||||||||11666726|16444766|
||The average
monthly||number||ofemployees|during|the year was as follows:|||
|||||||||31.3.21|31.3.20|
||Senior management|||||||5|5|
||Leisure, recreation|&|health||activities|||474|1,065|
||Support|||||||47|74|
|||||||||526|~1144|
||The average
monthly||number||ofemployees|during|the year, expressed as full time equivalents|was as follows:||
|||||||||31.3.21|31.3.20|
||Senior management|||||||5|5|
||Leisure, recreation|&|health|activities||||277|367|
||Support|||||||47|73|
||||||||||445|
##
##
|The number ofemployees|whose emoluments|fell within the following|bands was:|||
|---|---|---|---|---|---|
|||||31.3.21|31.3.20|
|f60,001 - E70,000||||3|3|
|E70,001 - E80,000||||1||
|E80,001 - E90,000||||2||
|E100,001 - f110,XO||||1||
|f140,001 - E150,000||||1||
|31.3.21|31.3.20|
|---|---|
|8|8|
##
##
##
|Group and company||
|---|---|
||Goodwill|
|COST||
|At 1 April 2020|237,176|
|Eliminated|~237 176)|
|At 31 March 2021||
|AMORTISATION||
|At 1 April 2020|237,176|
|Charge for year
Eliminated|~237 176)|
|At 31 March 2021||
|NET BOOK VALUE||
|At 31 March 2021||
|At 31 March 2020||
##
##
##
|||Equipment,|||||
|---|---|---|---|---|---|---|
||Improvements|plant and|||Computer||
||to property|fittings|Motor vehicles||equipment|Totals|
||2|8|E||8|f|
|COST|||||||
|At 1 April 2020|11,780,875|9,229,103|||2,183,660|23,247,493|
|Additions
Disposals|115,151
~7493, 730)|~t)24774)|~20,760)||49,480
~97 107)|164,631
~2729,)77)|
|At 31 March 2021|10402 896|8.104 329|33|695|2 142,033|20 682 953|
|DEPRECIATION|||||||
|At 1 April 2020|6,397,207|7,655,343|53,855||1,589,669|15,696,074|
|Charge for year
Efiminated
on disposal|353,183
~797 754)|503,451
~7094281)|~20|760)|212,104
~35363)|1,068,738
~7,947,558)|
|At 31 March 2021|5958 636|7,064513|33|695|1,766,410|14823 254|
|NET BOOK VALUE|||||||
|At 31 March 2021|4444260|1039816||-|375623|5859699|
|At 31 March 2020|5383668|1573790||-|593991|7,551419|
|31.3.21|31.3.20|
|---|---|
|1|1|
##
|STOCKS||||||||
|---|---|---|---|---|---|---|---|
||||||Group|Company||
|||||31.3.21|31.3,20|31.3.21|31.3.20|
|||||f|f|F|f|
|Stocks||||~111 964|~221 974|~ft 1 964|~194 758|
|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR||||||
||||||Group|Company||
|||||31.3.21|31.3.20|31.3.21|31.3.20|
|||||f|f|f|f|
|Trade debtors||||170,930|348,985|170,930|326,330|
|Amounts
owed by group||undertakings||||36,070|60,404|
|Other debtors||||7,240|20,561|7,240|20,561|
|Prepayments|and accrued||income|1,696,807|962 867|1~696807|~962867|
|||||1~874977|1~332413|1~911,047|1,370,162|
|CREDITORS:|AMOUNTS||FALLING DUE WITHIN ONE YEAR|||||
||||||Group|Company||
|||||31.3.21|31.3,20|31.3.21|31.3.20|
||||||f|f|f|
|Other loans (see note 22)||||478,000|327,000|478,000|327,000|
|Trade creditors||||43,558|65,243|43,558|43,457|
|Social security|and other|taxes||307,162|288,825|307,162|288,825|
|V.A.T.||||347,050|416,025|347,050|416,025|
|Other creditors||||419,908|227,016|419,908|227,016|
|Deferred income||||878,433|785,679|878,433|785,679|
|Accrued expenses||||~1413139|~1407,924|~1,408645|~1404174|
|||||3 887 2517|3517712|3882 756|3 592 176|
##
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##
||||||Group||Company|Company|
|---|---|---|---|---|---|---|---|---|
|||||31.3.21||31.3.20|31.3.21|31.3.20|
|||||8|||f||
|Amounts
fafilng due within one year on|||demand:||||||
|Other loans||||478 000||327 000|478,000|327 000|
|Amounts
falling due between||one and|two years:||||||
|Otherloans||||478,000||360,720|478,000|360,720|
|Amounts
falling due between||two and five years:|||||||
|Otherloans||||815,320|~1,211334||~815320|~1211334|
|Amounts
falling due in more||than five years:|||||||
|Other loans||||||389946||389,946|
|||||1,771,320||2,289,XO|1,771,320|2,289,0X|
|OPERATING|LEASE COMMITMENTS||||||||
|The following|operafing lease|payments|are committed|to be made|within|the specified|periods:||
|Group and company|||||||||
|||||Land and||buildings|Equipment||
|||||31.3.21||31.3.20|31.3.21|31.3.20|
|||||6||6|6|8|
|Amounts
to be paid:|||||||||
|Within one year||||847,374||1,616,082|18,234|18,234|
|Between one|and five years|||6,681,395||6,929,020|19,754|37,988|
|In more than|five years|||74,517,675||~78,884535|||
|||||82 846 448||87428 637|~37 988|~56 222|
|PROVISIONS|FOR LIABILITIES||||||||
|Group and company|||||||||
||||||||31.3.21|31.3.20|
||||||||6|6|
|Provisions
for|dfiapidations||||||~249 201|~318958|
##
##
||||||||Defined|benefit|
|---|---|---|---|---|---|---|---|---|
||||||||pension|plans|
|||||||31.3.21||31,3.20|
|||||||f|||
|Present value offunded obfigatlons||||||(2,717,000)||(3,094,000)|
|Fair value of|plan assets|||||~2088|000|~2590000|
|||||||(629,000)||(504,000)|
|Present value ofunfunded||obligations|||||||
|Deficit||||||629|XO|504000|
|Net liability||||||629|XO|504000|
|The amounts|recognised|in the statement|offinancial||activities are as follows:||||
|||||||Defined benefit||pension
plans|
|||||||31.3.21||31.3.20|
||||||||8|8|
|Current service cost||||||40,XO||94,000|
|Past service|cost|||||||22,000|
|Net interest cost|||||||9,XO|10,000|
|AdministraUon|expenses||||||||
|||||||~49 000||~126 000|
||||||||i"||
|Actual
return|on plan assets|||||~427 000||~175000)|
|The amounts|recognised|in other comprehensive||income are as follows:|||||
||||||||Defined|benefit|
||||||||pension|plans|
|||||||31.3.21||31.3.20|
|Actuarial (losses) / gains||||||~82|000)|8
~38000|
|||||||~82|ll00|88 000|
##
##
||||||Defined benefit|pension
plans|
|---|---|---|---|---|---|---|
||||||31.3.21|31.3.20|
||||||6|6|
|Defined benefit obfigatlon|||||(3,094,000)|(3,218,000)|
|Current service cost|||||(40,000)|(94,000)|
|Past service|cost|||||(22,000)|
|Contributions|by scheme participants||||(8,000)|(17,000)|
|Interest cost|||||(47,000)|(80,000)|
|Re-measurement||(losses) / gains|||(597,000)|283,000|
|Benefits paid|||||11,000|54,000|
|Clearance of|East Sussex pension||obfigatlon|due to cessation|1 t)58t)00||
||||||~2717000)|~3,tl94 000)|
||||Defined benefit|pension
plans|
|---|---|---|---|---|
||||31.3.21|31.3.20|
||||8|f|
|Fair value of|scheme assets||2,590,000|2,781,000|
|Contribufions|by employer||6,000|21,000|
|Contributions|by scheme|paN)fipants|8,000|17,000|
|Interest on plan assets|||38,000|70,000|
|Re-measurement
gains||/ (losses)|389,000|(245,000)|
|Benefits paid
Clearance of|East Sussex pension assets due to cessation||(11,000)
~932,X0)|(54,000)|
||||2085XO|2590,000|
||Defined|benefit|
|---|---|---|
||pension|plans|
||31.3.21|31.3.20|
|Equities|58.14%|61.69%|
|Bonds|16.62%|17.54%|
|Cash|2.01%|2.33'/0|
|Other|16.43%|8.04%|
|Property|6.80/0|10.40%|
||100.00%|100.00%|
##
##
||31.3.21|31.3.20|
|---|---|---|
|Discount rate|2.05'k - 2.1%|2.3% - 2.4%|
|Future salary increases|3.7% - 3.8%|1.8%.2.9'yo|
|Future pension increases|27vk -28ok|1.8% - 1.9%|
|Price Increases|2.7% - 2.8%|1.9%|
|The following|The following|table sets out|the sensitivity|analysis|produced
by|the actuary|reporting|in respect ofthe Kent County Council|
|---|---|---|---|---|---|---|---|---|
|Pension|Fund;||||||||
||||Central||+01%|+0.1'k pay||1 year|
||||||discount
rate||growth|increase
in life|
|||||||||expectancy|
|ProJected service cost|||14,000||14,000||14,000|15,000|
|for next|year||||||||
|Present|Value oftotal||562,000||546,000|564,000||583,00|
|obligation|||||||||
||||Central||-01%|-0.1%pay||1 year|
||||||discount rate||growth|increase
in life|
|||||||||expectancy|
|Protected service cost|||14,000||15,000||14,000|14,000|
|for next|year||||||||
|Present|Value oftotal||562,000||578,000|560,000||542,000|
|obligation|||||||||
##
##
##
|The following
table sets|The following
table sets|out the|sensitivity|sensitivity|analysis|produced|by the|actuary|actuary|reporting|in|respect of the Hampshire|respect of the Hampshire|respect of the Hampshire|County|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Council Pension|Fund;|||||||||||||||
|||||Central||+0 1%||+0.1%pay|||||I year|||
|||||||discount rate|||growth|||decrease
in||||
|||||f|||||||life|expectancy
6||||
|Projected service cost||||42,000||41,0X|||53,000|||44,XQ||||
|for next year||||||||||||||||
|Present Value|of total||2,155,000|||2,103,000||2,166,000||||2,233,000||||
|obligation||||||||||||||||
|||||Central||-0.1%||-0.1%||pay|||1 year|||
||||||discount rate||||growth||Increase||in life|||
|||||||||||||expectancy||||
||||||||||||||f|||
|Protected service coal||||42,000||43,000|||53,000|||40,000||||
|for next year||||||||||||||||
|Present Value|of total||2,155,000|||2,207,000||2,144,000||||2,080,000||||
|obfigatlon||||||||||||||||
|Defined
benefit|pension|plans||||||||||||||
|Amounts
for the|current and last||five|periods|are as|follows:||||||||||
||||||31.3.21||31.3.20|||31.3.19|||31.3.18|31.3.17||
|Defined benefit|obligation||||(2,717,000)||(3,094,000)|||(3,094,000)|||(3,218,000)|(17,796,000)||
|Fair value ofscheme assets|||||2,088,000||2,590,000|||2,590,000|||2,781,000|17,796,0X||
|Deficit|||||(629,000)||(504,000)|||(504,000)|||(437,000)|||
|Experience adjustments||on scheme||||||||||||||
|assets||||||||||||||||
|Experience adjustments||on scheme||||||||||||||
|liabfiltles||||||||||||||||
##
##
##
|ANALYSIS OF NET AS|SETS BETWEEN FUNDS||||||
|---|---|---|---|---|---|---|
||||||31.3.21|31.3.20|
|Group||Unrestricted|Restricted|funds|Total
funds|Total
funds|
|||fund|||||
|||6|||||
|Fixed assets||5,859,699|||5,859,699|7,551,419|
|Current assets||3,408,252|802,402||4,210,654|6,781,482|
|Current
liabilities||(3,993,530)|||(3,993,530)|(3,517,712)|
|Long term liabilities||(1,187,040)|||(1,187,040)|(1,962,000)|
|Provision
for liabilities
Pension
liability||(249,201)
~692298 tXN)00)|||(249,201)
~629 0t81)|(318,958)
~504000)|
|||3209180|802402||4011582|8030231|
||||||31.3.21|31.3.20|
|Company||Unrestricted|Restricted|funds|Total
funds|Total
funds|
|||fund|||||
|||6||8|||
|Fixed assets||5,859,699|||5,859,699|7,551,419|
|Investments||1|||1|1|
|Current assets||3,408,249|802,402||4,210,651|6,755,945|
|Current
liabIINies||(3,989,036)|||(3,989,036)|(3,492,176)|
|Long term liabilities||(1,187,040)|||(1,187,040)|(1,962,000)|
|Provision
for liabilities
Pension
liability||(249,201)
~629X0)|||(249,201)
~629,000)|(318,958)
~504 000)|
|||3213672|802402||4016074|8030231|
|Comparative
information|in respect ofthe preceding|period is as follows:|||||
||||||31.3.20|31.3.19|
|Group||Unrestricted|Restricted|funds|Total
funds|Total
funds|
|||fund|||||
|||6|||||
|Fixed assets||7,551,419|||7,551,419|7,500,693|
|Current assets||6,631,887|149,595||6,781,482|11,088,842|
|Current
liabilities||(3,517,712)|||(3,517,712)|(4,410,121)|
|Long term liabilities||(1,962,XO)|||(1,962,000)|(2'289,000)|
|Provision
for liabilities
Pension
liability||(318,958)
~504 000)|||(318,958)
~504 00tl)|(476,432)
~437 000)|
|||7 880 636|149595||8030231|10,976982|
||||||31.3.20|31.3.19|
|Company||Unrestricted|Restricted|funds|Total
funds|Total
funds|
|||fund|||||
|||f|||f|f|
|Fixed assets||7,551,419|||7,551,419|7,500,693|
|Investments||1|||1|1|
|Current assets||6,606,350|149,595||6,755,945|11,034,497|
|Current
liabilities||(3,492,176)|||(3,492,176)|(4,355,777)|
|Long term liabilities||(1,962,000)|||(1,962,000)|(2,289,000)|
|Provision
for liabillUes
Pension
liability||(318,958)
~504.0X)|||(318,958)
~504000)|(476,432)
~437 01X)|
|||7,880,636|149,595||8,030,231|10,976,982|
##
##
##
|Group||||||
|---|---|---|---|---|---|
|||||Net movement||
||||At 1.4.20|in funds|At 31.3.21|
||||6|f|6|
|Unrestricted|funds|||||
|General
fund|||7880636|~4 671,456|3 209 180|
||||7,880,636|(4671,456)|3,209,18tl|
|Restricted funds||||||
|Active Lifestyles|||67,762|(2,798)|64,964|
|MyFuture|||8,609|18,008|26,617|
|Arts train|||30,389|(4,151)|26,238|
|Healthy Ageing Programme|||30,165|(3,045)|27,120|
|Active Bromley - CIF|||1,177|3,577|4,754|
|Get Active|||11,493||11,493|
|Coronavirus|job retention|scheme||||
|NLRF||||641 216|641,216|
||||149,595|652,807|802,402|
|TOTAL FUNDS|||8,030 231|~4 018649)|4 t)11 582|
|Company||||||
|||||Net movement||
||||At 1.4.20|in funds|At 31.3.21|
||||6|6|6|
|Unrestricted|funds|||||
|General
fund|||7,88tl636|~4666 964|3213 672|
||||7,880,636|(4666,964)|3,213,672|
|Restricted funds||||||
|Active Lifestyles|||67,762|(2,798)|64,964|
|MyFuture|||8,609|18,008|26,617|
|Arts train|||30,389|(4,151)|26,238|
|Healthy Ageing Programme|||30,165|(3,045)|27,120|
|Active Bromley - CIF|||1,177|3,577|4,754|
|Get Active|||11,493||11,493|
|Coronavirus|job retention|scheme||||
|NLRF||||641 216|641 216|
||||149,595|652,807|802,402|
|TOTAL FUNDS|||8030 231|~40(4 157)|4tl16tl74|
##
##
##
|Group and Company|Group and Company|||||||
|---|---|---|---|---|---|---|---|
|||||||Net movement||
||||||At1.4.19|in funds|At 31.3.20|
||||||||f|
|Unrestricted
funds||||||||
|General
fund|||||10.814,435|~2,933.799)|7 880,636|
||||||ltl,814,435|)2,933,733)|7,880,836|
|Restricted funds||||||||
|Active Lifestyles|||||67,762||67,762|
|MyFuture|||||12,707|(4,098)|8,609|
|Arts train|||||25,386|5,003|30,389|
|Healthy
Ageing|Programme||||42,108|(11,943)|30,165|
|Active Bromley|- CIF||||5,182|(4,005)|1,177|
|Get Active|||||9402|2091|11493|
||||||162,547|(12,952)|149,595|
|TOTAL FUNDS|||||10976982|~2946 751)|8 tl3tl 231|
|Net movement|in funds,||included|in the above are as follows:||||
|Group||||||||
|||||Income|Expenditure|Gains, losses|Movement
in|
|||||||and transfers|funds|
|||||||6|6|
|Unrestricted
funds||||||||
|General
fund||||8,287,795|~72877257)|~82000)|~4,677456)|
|||||8,287,795|(12,877,251)|(82,000)|(4,671,456)|
|Restricted funds||||||||
|MyFuture|||||(2,798)||(2,798)|
|Arts train||||21,997|(3,989)||18,008|
|Healthy Ageing|Programme||||(4,151)||(4,151)|
|Active Bromley|- CIF||||(3,045)||(3,045)|
|Get Active||||3,673|(96)||3,577|
|Coronavlrus
job retention
NLRF|||scheme|5,585,559
812,179|(5,585,559)
~770 963)||841 216|
|||||6,423,408|(5,770,601)||652,807|
|TOTAL MOVEMENT||IN|FUNDS|14711203|~78847852)|~82000)|~4078649)|
##
##
##
|Company|||||||||
|---|---|---|---|---|---|---|---|---|
||||||Income|Expenditure|Gains, losses|Movsmsnt
in|
||||||||and transfers|funds|
||||||||6|6|
|Unrestricted|funds||||||||
|General fund|||||8287795|~72872759)|~82010)|~4666964)|
||||||8,287,795|(12,872,759)|(82,000)|(4,666,964)|
|Restricted funds|||||||||
|MyFuturs||||||(2,798)||(2,798)|
|Arts train|||||21,997|(3,989)||18,008|
|Healthy Ageing||Programme||||(4,151)||(4,151)|
|Active Bromlsy||- CIF||||(3,045)||(3,045)|
|Get Active|||||3,673|(96)||3,577|
|Coronavlru%b
NLRF||retention||scheme|5,585,559
812,179|(5,585,559)
~t) tl 963)||641 216|
||||||6,423,408|(5,770,601)||652,807|
|TOTAL MOVEMENT|||IN FUNDS||14711 203|~78 643 360)|~82 XO)|~4074157)|
|Comparative||information||in respect ofthe preceding|period is as|follows:|||
|Group|||||||||
||||||Income|Expenditure|Gains, losses|Movement
in|
||||||||and transfers|funds|
||||||||6|6|
|Unrestricted|funds||||||||
|Fixed asset fund||||||(1,398,518)|1,022,987|(375,531)|
|General
fund|||||29131325|~32797746)|~7977987)|~4983808)|
||||||29,131,325|(33,595,664)|(895,000)|(5,359,339)|
|Restricted funds|||||||||
|MyFuturs|||||12,737|(20,930)||(8,193)|
|Arts train|||||108,480|(89,707)||18,773|
|Healthy Ageing||Programme|||18,000|(22,247)||(4,247)|
|Active Bromley
Get Active||- CIF|||10486|(63)
~6670)||(63)
3816|
||||||149,703|(I39,617)||10,086|
|TOTAL MOVEMENT|||IN FUNDS||29281,028|~33 735 281)|~895000)|~5349 253)|
##
##
##
||||Income|Expenditure|Gains, losses|Movement
in|
|---|---|---|---|---|---|---|
||||||and transfers|funds|
||||||f|2|
|Unrestricted|funds||||||
|Fixed asset fund||||(1,398,518)|1,022,987|(375,531)|
|General
fund|||27636846|J307D246$|~7977987)|~4983808)|
||||27,636,646|(32,100,985)|(895,000)|(5,359,339)|
|Restricted funds|||||||
|MyFuture|||12,737|(20,930)||(8,193)|
|Arts train|||108,480|(89,707)||18,773|
|Healthy Ageing Programme|||18,000|(22,247)||(4,247)|
|Active Bromley - CIF
Get Active|||10486|(63)
~6670)||(63)
3816|
||||149,703|(139,617)||10,086|
|TOTAL MOVEMENT||IN FUNDS|27 786 349|~32240602)|~895000)|~5349 253)|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##