2023-03-31-accounts - Mytime Active

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				Page
Report ofthe Trustees, Including	strategic	report		1"12
Reference and administrative details ofthe		Charitable	Company,	1
its Trustees and advisors
Structure, governance and management
Objectives and activities
Strategic report				3-10
-Achievement and performance				3.7
- Financial review				6-11
-Plans for future periods
Trustees responsibilities				12
Report ofthe independent auditors				13-15
Consolidated Statement ofFinancial Activities				16
(Incorporating an Income and Expenditure		Account)
Consolidated Balance Sheet
Company Balance Sheet				18
Consolidated Cash Flow Statement				19
Notes to the Consolidated Cash Flow Statement				20
Notes to the Consolidated Financial Statements				2141

CAPITAL
The capital	expenditure	during the year to 31 March 2023was as follows:
Company		(note 15)	E
Improvements to property			311,389
Equipment,	plant and	fittings	202,222
Computer	equipment		148,226
Total purchased			661 837

		C	NS	LIDAT	LIDAT	T M	NT 0	INANCIALACTIVITIES	INANCIALACTIVITIES	INANCIALACTIVITIES
		INCORPORATIN				AN INCO	AND	P	ND TURE ACCOUNT
				FOR	THE YEAR ENDED			1 M	RC	0 3
			Notes			Unrestricted	Restricted			Pension	31.3.23	31,3.22
						Funds		Funds		Adjustment	Total	Total
										Unrestricted	Funds	Funds
									f.	f
INCOME
Donations and legacies												288,944
Income horn charitable activities:
Operation ofleisure, recreation				6		21,928,422					21,928,422	18,860,799
sites and health activities
Other funding				6		116,496		113,983			230,479	623,228
						22 044918		113983		-	22 158901	19772 971
Income from other trading	activities:
Commercial trading operations				3		559888					559688	321 473
Income from Investments:
Investment income				7		90941					90,941	6948
Total Income						22,695,547		113,9g3		-	22,809,530	20 101,302
EXPENDITURE
Costs ofraising funds:
Commercial trading operations						459,754					459,754	288,640
Expenditure on charitable	activities:
Operation ofleisure, recreation				8		22,470,100		181,834		44,000	22,695,934	19,553,949
sites and health activities
Total expenditure						22 929,854		181,834		44000,	23155M8	19842589
Net income/(expenditure)	for	the year				(234,307)		(67,851)		(44,000)	(346,158)	258,803
before actuarial gains I(losses) under
FRS102
Re-measurements on defined				24						465,000	465,000	334,000
benefit schemes
Net movement in funds						(234,307)		(67,851)		421,000	118,&42	592,803
RECONCILIATION OF FUNDS				27
Total funds brought forward						4,794,688		173,697		(364,000)	4,604,385	4,011,582
Total funds carried forward						4,560,381		105,846		57000	4 723 227	4 604,385
CONTINUING OPERATIONS-
All incoming resources and	resources		expended		arise from continuing			activities.

			CONSOLIDATED	SHEET
			a
			31,3.23	31.3,23	31.3.22	31.3,22
			Total	Total	Total	Total
			Funds	Funds	Funds	Funds
				E	E	E
		Notes
FIXEDASSETS
Tangible assets		15		4,930,792		5,209,379
Investments		16
				4,930,792		5,209,379
CURRENTASSETS
Stocks		17	127,815		114,649
Debtors: amounts	falling due	18	728,609		788,717
within one year
Cash at bank and	in hand		4,804,595		4,848,471
			5,661,019		5,751,837
CREDITORS
Amounts falling due within one year		19	~6,213,365		~4,865,461.
NET CURRENT ASSETS				447,654		886,376
TOTAL ASSETSLESSCURRENT
LIABILITIES				5,463,446		6,095,755
CREDITORS
Amounts falling due after		20		(337,320)		(815,320)
more than one year
PROVISIONS FOR		23		(374,899)		(312,050)
LIABILITIES
NET ASSETSEXCLUDING
PENSION LIABILITY				4,666,227		4,968,385
PENSION ASSETILIABILITY		24		57,000		(364,000)
NET ASSETS				4,723,227		4654385
FUNDS
Unrestricted funds				4,617,381		4,430,688
Restricted funds				105,846		173,697
TOTALFUNDS		27		4;723 227		4,604,385 .

~lg ACTIVE			Company Registered COMPAN BALANCE SHEET 8— »	Company Registered COMPAN BALANCE SHEET 8— »	Company Registered COMPAN BALANCE SHEET 8— »	Number:	04809606
			31,3.23		31.3.23	31.3.22	31.3.22
				Total	Total	Total	Total
			Funds		Funds	Funds	Funds
		Notes
FIXEDASSETS
Tangible assets Investments		15 16			4,930,792 1		5,209,379 1
					4,930,793		5,209,380
CURRENT ASSETS
Stocks		17		127,815		114,649
Debtors: amounts	falling due	18	764,681			820,068
within one year
Cash at bank and	in hand		4,768 522			4,812399
			5,661,018			5,747,116
CREDITORS
Amounts falling due within
one year		19	~5213385			4,860,741;
NET CURRENT ASSETS					447,653		886375
TOTAL ASSETS LIABILITIES	LESSCURRENT				5,378,446		6,095,755
CREDITORS
Amounts falling due after more than one year		20			(337,320)		(815,320)
PROVISIONS FOR LIABILITIES		23			(374,899)		(312,050)
NET ASSETS EXCLUDING
PENSION LIABILITY					4,666227		4,968,385
PENSION LIABILITY		24			57,000		(364,000)
NET ASSETS					4723,227		4,604 385
FUNDS
Unrestdcted funds Restricted funds					4,617,381 105,846		4,430,688 173,697
TOTAL FUNDS		27			4723 227		4,604385

	Group	Group	Company	Company
	31.3.23	31,3,22	31,3.22	31,3.21
	E	E	E	E
Cash flows from operating activities	920,020	3,521,092	920,019	3,521,093
Cash flows from investing activities Purchase oftangible fixed assets Disposal oftangible fixed assets Interest income	(661,837) 90,941	(433,282) 8,000 6,948	(661,837) 90,941	(433,282) 8,000 6,948
Cash used in investing activities	(570,896)	(418,334)	(570,896)	(418,334)
Cash flows from financing activities Loan repayments in year	(393,000)	(478,000)	(393000)	(478000)
(Decrease)/increase in cash in the period	(43,876)	2,624,758	(43,877)	2,624,759
Opening cash at bank and in hand	4,848,471	2,223,713	4,812,399	2,187,640
Closing cash at bank and in hand	4804595	4 848471	4 768 522	4 812399

			E	DE031 MARCH 0	DE031 MARCH 0	23
RECONCILIATION		OF NET MOVEMENT	IN FUNDS	TO NET CASH FLOW		FROIN	OPERATING	ACTIVITIES
		Group 31.3.23			Group 31.3.22		Company 31.3.23			Company 31.3.22
Net movement in funds		(346,158)			258,803		(346,158)			254,309
Depreciation charges		940,424			973,379		940,424			973,379
Lass/(Gain) on disposal oflixed assets					102,223					102,223
Movement in provisions		62,849			62,849		62,849			62,849
(Increase) / decrease stocks	in	(13,166)			(2,685)		(13,166)			(2,685)
(Increase) /decrease debtors	In	60,108			1,086,260		55,387			1,090,9&1
(Decrease) / increase in creditors		262,904			978,211		267,624			977,985
Net interest cost Difference between pension charge and		9,000 35,000			13,000 56,000		9,000 35,000			13,000 56,000
cash contributions
Interest received		90941			~694		90,941			6948
Net cash inflow (out flow) from operating		920,020			3,521,092		920,019			3,521,093
activities
ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash in hand Notice deposits (less than 3		months)	Group 31.3,23 f 10,064 4794531		Group 31.3.22 10,064 4 838407		Company 31,3.23 E 10,064 4,758,458			Company 31.3,22 E 10,064 4 802 335
			, 4804595		4,848471		4,768,522			4812399
3, ANALYSIS OF CHANGES IN NET FUNDS			-GROUP
					At 1.4.22		Cash flow		At	31.3,23
						E	E
Net cash
Cash atbankandinhand					4.848471		~43	876	4	804,595
					4,848,471		~43	876;	4,804,585
Debt
Debts falling due within Debts falling due after 1	1 year year				(478,000) ~845 320		393	ODD	(478,000) ~422,320
					~1293320		393,DDD			900320
Total					3555 151		349	124	3	804275

			31.3.22
Coronavirus	job	retention	288,844
scheme
Donations			100
			288,944

		31.3.23	31,3.22
		E	E
Operation	of leisure, recreation	21,928,423	18,860,799
sites and	heaith activities
Other funding Grants		230,479	195,203 428,025
		22 188,902	19484,027

			31.3.23	31.3.22
			E	E
Deposit	account	interest	90941	6948

				Direct	Direct	Support	31.3.23	31.3.22
				Costs	Staff	Costs	Total	Total
					Costs	(see note 9)	Charitable	Charitable
							Activities	Activities
Leisure,	recreation	and	health
activities						2,962328	22,695,934	19553949

				31.3.23	31.3.22
				Operation of	Operation of
				leisure,	leisure,
				recreation sites	recreation sites
				and health	and health
				activities	activities
				f	E'
Wages Premises expenses				1,966,573 900	2,022,028
Motor and travel Overheads Service charges Legal and professional Consultants Depreciation oftangible Interest	including assets	governance	costs	30,009 469,437 50,744 7,568 265,797 170,364 !136	32,578 580,403 16,163 23,766 269,134 214,376 11,287
				2962328	3169735

STAFFCOSTS
				31.3.23	31.3.22
Compan'y
Wages and salaries Social security costs Defined benefit pension costs Other pension costs				9,799,874 714,130 35,000 314,221	8,757,775 565,106 56,000 419098
				10,863,225	9,797,979
Subsidiary
Wages and salaries Social security costs				212,347 23 188	155,081 17,385
				235,533	172,466
				11,098758	9,970,445
The average monthly	number ofemployees	during	the year was as follows:
Senior management Leisure, recreation &	health activities			31.3.23 5 590	31.3,22 5 587
Support				51	46
				646	638
The average monthly	number ofemployees	during	the year, expressed as full time equivalents	was as follows:
Senior management Leisure, recreation & health activities				31.3,23 5 597	31,3,22 5 501
Support				50	46
				652	552

		Defined	benefit
		pension	plans
		31.3,23	31.3.22
Present value offunded obligations Fair value ofplan assets		(1,561,000) 1,618000	(2,588,000) 2,224 000
Present value ofunfunded	obligations	57,000	(364,000)
(Deficit)lsurplus		5700tt	~364000
Net (liability)/asset		5T000	~3,64,D00

				Defined benefit	pension plans	pension plans
				31.3.23		31.3.22
				f		f
Current service cost				42,000		62,000
Past service	cost					10,000
Net interest cost				14,000		13,000
Administration	expenses
				56 DOD		85,000
Actual return	on plan assets			~105,WO)		133,000
The amounts	recognised in other comprehensive	income are	as follows:
				Defined	benefit
				pension	plans
				31.3.23	31.3.22
				f		f
Actuarial (losses) / gains				465 ODD	334,000
				465,000,	334MO
Changes in the present value ofthe defined benefit obligations			are as follows:
				Defined benefit	pension plans
				31.3.23		31.3.22
						f
Defined benefit obligation				(2,588,000)	(2,717,000)
Current service cost				(42,000)		(62,000)
Past service	cost					(10,000)
Contributions	by scheme parlidpants			P,000)		(9,000)
Interest cost				(67,000)		(57,000)
Re-measurement (losses) / gains				1,036,000		245,000
Benefits paid				102000		22,000
				1 561,000	~2,588,000)
Changes in the fair value ofscheme assets are		as follows:
				Defined benefit	pension plans
				31.3.23		31.3.22
				f
Fair value ofscheme assets				2,224,000	2,088,000
Contributions	by employer			7,000		16,000
Contributions	by scheme participants			7,000		9,000
interest on plan assets				53,000		44,000
Re-measurement gains / (losses)				(158,000)		89,000
Benefits paid Curtailment ofasset				(107,000) ~408000)		(22,000)
				1,618,000	2	224,000

			Defined	benefit
			pension	plans
			31.3.23	31.3,22
Equities			58 74'/0	57.15'/o
Bands			1599%	1741%
Cash			1,23%		1.08%
Other			16.68%		8.99%
Property			7.36%		64%
Multi asset credit					7.73%
			100.00%	100.00%
Principal actuarial	assumptions	atthe balance sheet date:
			31.3.23		31.3.22
Discount rate			470% - 4.80%	2.55% - 2.7%
Future salary increases			370% - 3.90%	39%	- 4.15%
Future pension increases			2.70% - 2.90%	2.9%	3.15%
Price increases			2.70% - 2.90%	2.9%	- 3,15%

he following table sets out t ension Fund:	he sensitivity anal	ysis produced by the	actuary reporting	in respec	t of th
	Central	+0.1%	+0.1%pay		1 year
		discount rate	growth	decrease in
		f	f	life expectancy
Projected service cost	7,000	6,000	7,000		7,000
for next year
Present Value oftotal	307,000	245,000	317,000	299,000
obligation
	Central	-0.1%	-0.1%pay		1 year
		discount rate	growth	increase	in life
				expectancy
			E
Projected service cost	7,000	9,000	7,000		7,000
for next year
Present Value oftotal	307,000	389,000	298,000	315,000
obligation

Council P	ension Fund:
				Central		+0.1%	+0.1%pay			1 year
					discount rate			growth	decrease in
									life expectancy
				F.
Projected service cost				16,000		16,000		16,000	17,000
for next	year
Present	Value oftotal		1,254,000		1,230,000		1,257,000		1,287,000
obligation
				Central		-0.1	4).1%pay			1 year
					discount rate			growth	increase	in life
									expectancy
Projected service cost				16,000		16,000		16,000		15,000
for next	year
Present	Value oftotal		1,254,000		1,278,000		1,251,000		1,221,000
obligation
Defined benefit pension		plans
Amounts	for the current and last		five	periods	are as follows:
					31.3,23	31,3.22		31.3.21		31.3.20	31.3.19
Defined benefit obligation					(1,561,000)	(2,588,000)		(2,717,000)		(3,094,000)	(3,094,000)
Fair value	ofscheme assets				1,618,000	2,224,000		2,088,000		2,590,000	2,590,000
(Deficit)/surplus					57,000		(364,000)	(629,000)		(504,000)	(504,000)
Experience adjustments		on scheme
assets					39,000
Experience adjustments		on scheme

ANALYSIS OF NET A	SSETS BETWEEN FUNDS
					31.3.23	31.3.22
Group		Unrestricted	Restricted funds		Total funds	Total funds
		fund
		E			f
Fixed assets		4,930,792			4,930,792	5,209,379
Current assets		5,555,173	105,S46		5,661,019	5,751,837
Current liabilities		(5,128,365)			(5,128,365)	(4,865,461)
Long term liabilities		(422,320)			(422,320)	(815,320)
Provision for liabilities Pension liability		(374,899) 57 000			(374,899) 57,000	(312,050) ~364,000)
		4,617,381'	105646		4723227	4,604 385
					31,3,23	31.3.22
Company		Unrestricted	Restricted funds		Total funds	Total funds
		fund
					f
Fixed assets		4,930,792			4,930,792	5,209,379
Investments		1			1	1
Current assets		5,555,172	105,846		5,661,018	5,?47,116
Current liabilities		(5,126,365)			(5,128,365)	(4,860,741)
Long term liabilities		(422,320)			(422,320)	(815,320)
Provision for liabilities Pension liability		(374,899) 57,000			(374,899) 57,000	(312,050) ~364,000)
		4,617.381	1D5,846		4,723,227	4,604385
Comparative information	in respect ofthe preceding	period Isas follows:
					31,3,22	31.3.21
Group		Unrestricted	Restricted	funds	Total funds	Total funds
		fund
Fixed assets		5,209,379			5,209,379	5,859,699
Current assets		5,578,140	173,697		5,751,837	4,210,654
Current liabilities		(4,865,461)			(4,865,461)	(3,993,530)
Long term liabilies Provision for liabilities Pension liability		(815,320) (312,050) ~364,000			(815,320) (312,050) ~364 DOD)	(1,187,040) (249,201) ~629 DOO)
		4430688	173697		4604,385	4011 582
					31.3.22	31.3.21
Company		Unrestricted	Restricted	funds	Total funds	Total funds
		fund
Fixed assets		5,209,379			5,209,379	5,859,699
Investments		1			1	1
Current assets		5,573,419	173,697		5,747,116	4,210,651
Current liabilities Long termltabiltties Provision for liabiTities Pension liability	(4,860,741) (815,320) (312,050) ~364 000)			(4,860,741) (815,320) (312,050) ~364,000}		(3,989,036) (1,187,040) (249,201) ~629000)
		4,430,688	173697,		4804 385	4,016,074.

Group
				Net movement
			At 1.4,22 E	in funds E				At31.3.23 f
Unrestricted	funds
General fund			4,430,688	186693				4,617381
			4,430,688	186,693				4,617,381
Restricted funds
Active Lifestyles			67,762					67,762
MyFuture			5,456	(5,456)
Arts train			78,013	(55,164)				22,849
Healthy Ageing		Programme	20,610	(7,634)				12,976
Active Bromley Get Active			(574) 2430	574 ~171)				2,259
			173,697	(67,851)				105,846
TOTAL FUNDS			4,604,385	. 118,842			.	4,723,227
Company
				Net movement
			At 1.4.22	in funds				At 31,3,23
								E
Unrestricted	funds
General fund			4,430688	.186693	.	.		4617381
			4,430,688	186,693				4,617,381
Restricted funds
Active Lifestyles			67,762					67,762
MyFuture			5,456	(5,456)
Arts train			78,013	(55,164)				22,849
Healthy Ageing		Programme	20,610	(7,634)				12,976
Active Bromley Get Active			(574) 2,430	574 ~171)				2,259
			173,697	(67,851)				105,846
TOTAL FUNDS			4,604385	118,842			.	4,723227

Comparative information	Comparative information	Comparative information	ect ofthe preceding penod is as	follows:
Group and Company
					Net movement
				At 1.4.21	in funds	At 31.3.22
				f	f	f
Unrestricted funds
General fund				3209 180	1,221,508	4,430,688
				3,209,180	1,221,508	4,430,688
Restricted funds
Active Lifestyles				67,762		67,762
MyFuture				5,456		5,456
Arts train				48,753	29,260	78,013
Healthy Ageing Programme Active Bromley Get Active Coronavirus job retention scheme				26,014 (1,868) 15,069	(5,404) 1,294 (12,639)	20,610 (574) 2,430
NLRF				641 216	~641,216)
				802,402	(628,705)	173,697
TOTAL FUNDS				4,011,582	592,803	4,604385
Net movement	in funds, included		in the above are as follows:
Group
			Income	Expenditure	Gains, losses	Movement in
					and transfers	funds
				f		f
Unrestricted funds
General fund			22,695,547	~22 973854	465000	186693
			22,695,547	'(22,973,854)	465,DDD	186,1)93
Restricted funds
MyFuture Arts train Healthy Ageing Active Bromley Get Active	Programme		97,322 6,6?7 9,984	(5,456) (152,486) (14,311) (9,410) ~171		(5,456) (55,164) (7,634) 574 ~171
			113,983	(181,834)		(67,851)
TOTAL-MOVEMENT		INFUNDS	221!59530	~23.755.655)	456000	115842

Company
			Income	Expenditure	Gains, losses	Movement in
					and transfers	funds
					F.	F
Unrestricted	funds
General fund			22,235,793	~22,514 100	465,DOD	186693
			22,235,793	(22,514,100)	465,000	186,693
Restricted funds
My Future				(5,456)		(5,456)
Arts train			97,322	(152,486)		(55,164)
Healthy Ageing Programme			6,677	(14,311)		(7,634)
Active Bromley Get Active			9,984	(9,410) ~177		574 ~171)
			113,983	(181,834)		(67,851)
TOTAI MOVEMENT		IN FUNDS	22,349,776	~22,695,934)	465,000	118842

				Income	Expenditure	Gains, losses	Gains, losses	Movement in
						and	transfers	funds
								F.
Unrestricted	funds
General fund				19,655,494	~18767986),	,	334,000	1,221,508
				19,655,494	(18,767,986)		334,000	1,221,508
Restricted funds
MyFuture
Arts train				144,933	(115,673)			29,260
Healthy Ageing Programme					(5,404)			(5,404)
Active Bromley				1,445	(151)			1,294
Get Active				10,676	(23,315)			(12,639)
Coronavirus NLRF	job retention		scheme	288,844	(288,844) ~1,2)6)			~841,276}
				445,898	(1,074,603)			(628,705)
TOTAL MOVEMENT		IN	FUNDS	20,101,392	~19,842 689)		334000	592,8D3