2023-03-31-accounts - Dacorum Sports Trust

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		Page
Trustees report		1-6
Independent auditor's	report	7-9
Statement offinancial	activities	10
Balance sheet
Statement ofcash flows		12
Notes to the financial	statements	13-25

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2023	2023	2023	2022	2022	2022
~lf		Notes				as restated 6	as restated 6	as restated f
Donafions and legsdes Charitabl activities		3 4	2,168,187		2,168,187	109,429 1,928,855		109,429 1928855
Investm ants		5	12		12	20		20
Total income			2,168,199		2,168,199	2,038,304		2,038,304
~ldlh
Charitable activities		6	2,360,391	241,414	2,601,805	2,639,753	241,414	2,881,167
Net expenditure	for the
yssrl Net movement	in funds		(192,192)	(241,414)	(433,606)	(601,449)	(241,414)	(842,863)
Fund balances 2022	at 1April		(24,777)	2,253,201	2,228,424	576,672	2,494,615	3,071,287
Fund balances	at 31
March 2023			(216,969)	2,011,787	1,794,818	(24,777)	2,253,201	2,228,424

				2023		2022
						as restated
			Notes			8
Fixed assets
Tangible assets					2,710,415		3,068,283
Current assets
Stocks			12	9,079		10,641
Debtors			13	186,985		178,290
Cash at bank and in	hand			70,416		295,208
				266,480		484,139
Creditors: amounts orts year	falling	due within	16	(504,129)		(465,684)
Nst current (liabilities)/assets					(237,649)		18,455
Total assets less current liabilities					2,472,766		3,086,738
Creditors: amounts more than one year	falling	due after	17		(246,381)		(339,817)
Provisions for liabilities					(431,567)		(518,497)
Net assets					1,794,818		2,228,424
Income funds
Restricted funds '			20		2,011,787		2,253,201
~Unres (tkti ferns
Designated funds			21	271,261		265,261
General unrestricted	funds			(488,230)		(290,038)
					(216,969)		(24,777)
					1,794,818		2,228,424
The financial statements		approved	by the Trustees on .)~..~:~'RN).x(in q~
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					2023		2022
							ss restated
				Notes			6
Cash flows from operating			activities
Cash (absorbed by)/generated operations			from	26		(74,360)		127,568
Investing	activities
Purchase	oftangible fixed assets				(62,724)		(34,434)
Investment	income received				12		20
Net cash	used In investing		activities			(62,712)		(34,414)
Financing Repayment	activities ofbonowings						(12,500)
Repayment	ofbank loans				(74,703)		(68,967)
Payment ofobligations under			finance leases		(13,017)		(12,783)
Net cash	used in gnanclng		activities			(87,720)		(94,250)
Net decrease In cash snd		cash equivalents				(224,792)		(1,096)
Cash snd	cash equivalents	at beginning		ofyear		295,208		296,304
Cash and	cash equivalents		at end of	year		70,416		295,208

XC Building costs	20years straight	line
Leasehold improvements	10years straight	fine
Plant snd equipmsnt	5years straight	line
Fixtures and fittings	5years straight	line
ITexpenditure and software	3years straight	line
XCFixtures snd fittings	5years straight	line
XC ITexpenditure	3years straight	line
Gym equipment	5years straight	line

Charitable activities
		Catering, vending and merohandlsing	Operation ol sports centres snd sports fsegltles		Catering, vending end merchandising	Operation of sports senses and sports feesales	Total 20u
			202$		20u	20u
			2		2	2
Customer	sales	315,095	1,853,092	2,168,187	177,162	1,751,693	1,928,855

Unrestricted	Unrestricted
funds	funds
2023	2022
6	6
12	20

Charitable	activities	activities	activities
				Restricted	Unrestricted	Total	Total
				funds	funds
				2023	2023	2023	2022
				6	6	6	8
Staff costs					1,034,439	1,034,439	794,505
Deprsciafion Marketing and publidty Maintenance and deaning				241,414	179,178 29,304 199,039	420,592 29,304 199,039	435,439 25,529 206,438
Gas, electric		snd water			128,929	128,929	110,442
Governance		costs			15,013	15,013	14,089
Venue hire					241,181	241,181	154,061
Other operational			costs		322,169	322,169	326,913
Overheads					126,330	126,330	666,485
Other staif	costs				13,263	13,263	38,121
insurance					71,546	71,546	109,145
				241,414	2,360,391	2,601,805	2,881,167

Auditor's remuneration
Fees payable tothe Charitable		Company's	auditor and associates:	2023 8	2022 6
Audit ofthe Charitable	Company's	annual accounts		15,250	14,026

The average	monthly	:
		2023	2022
		Number	Number
Leisure activities		52	45
Employment	costs	2023 6	2022 8
Wages and	salaries	1,034,439	794,505

2023	2022
Number	Number

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	other assets are being written off in accordance with our nor	other assets are being written off in accordance with our nor	other assets are being written off in accordance with our nor	mal policy.	mal policy.	mal policy.
	The net carrying value of tangible fixed assets indudes the leases or hire purchase contracts. The depreciation charge			following in respect ofassets held under finance in respect of such assets amounted to 62,367
	(2022 -f12,332)for the		year.
					2023	2022
					2	6
	Plant and equipment					4,316
12	Stocks
					2023f	2022 2
	Finished goods and goods for resale				9,079	10,641
13	Debtors
	Amounts falfing due within one year:				2023	2022f
	Other debtors				137,000	109,505
	Prepaymsnts	and accrued income			49,985	68,785
					186,985	178,290
14	Loans and overdrafts
					2023	2022
					2	6
	Bankloans				284,330	359,033
	Payabls within Payabls after	ons year ons year			75,449 208,881	74,800 284,233

Future minimum	Future minimum	lease payments	lease payments	dus under finance leases:
						2023	2022
						6	6
Within one	year					3,771	11,204
Within two	and five years						5,584
						3,771	16.788
Creditors:	amounts		falling due	within one year
					Notes	2023 6	2022f
Bankloans					14	75,449	74,800
Obligations	under	finance leases			15	3,771	11,204
Other taxation and social security						20,119	22,325
Deferred income					19	68,987	85,641
Trade creditors						134,918	111,105
Amounts owed to fellow group undertakings						38,400
Other creditors						21,085	49,445
Accrusls snd deferred income						141,400	111,164
						504,129	465,684
Creditors:	amounts		falling due	after more than one year
						2023	2022
					Notes	6
Bank loans					14	208,881	284,233
Obligations	under	finance leases			15		5,584
Other crsditom						37,500	50,000
						246,381	339,817
Provisions	for liabilities					2023 6	2022f
						431,567	518,497

FO	R THE YEAR ENDE	D 3	1 MARCH 2023
					(Continued)
	Provisions for liabilities			2023	2022
	At 1April 2022 Reversal ofprovision				518,497 (86,930)
	At 31 March 2023				431,567
19	Defened income
				2023	2022
				8	6
	Arising from government Other deferred income	grants		(5,674) 74,661	85,641
				68,987	85,641
				2023	2022
				8	8
	Deferred Income ls included		within:
	Current liabilities			68,987	85,641
	Movemsnts in the year: Deferred income at 1April 2022 Released from previous periods Resources deferred in the year			85,641 (85,641) 74,661	62,891 (62,891) 85,641
	Deferred Income at 31 Mamh		2023	74,661	85,641
	Warning/ P/germs do nof agree by:			(5,674)

				Balance at	Resources	Balance at	Resources		Balance st
				1Apra 2021 f	expended f	1Apra 2022	expended f	31	March 2023 f
My	Place	Funding	-Capital	2,494,615	(241,414)	2,253,201	(241,414)		2,011,787

				Movement		Movement
				ln funds		in funds
			Balance at	Incomln9	Balance at	Incomlna	Bahmce at
			1Aprfi 2021 f	resources f	1April 2022 f	resources 31March 2023 f f
	Revenue reserve		208,500		208,500		208,500
	XCrepairs fund		50,761	6,000	56,761	6,000	62,761
			259,261	6,000	265,261	6,000	271,261
	The revenue reserve has been set up to		provide 0contingency mserve		to cover one months expenditure. The
	Trust reviews this on an annual basis.
22	Analysis ofnet assets between funds
		Unrestricted	Restricted	Total Unrestricted		Restricted	Total
		funds	funds		funds	funds
		2023 f	2023 f	2023 f	2022 f	2022 f	2022 f
	Fund balanoss st 31
	March 2023sre
	represented by: Tangible assets	698,630	2,011,785	2,710,415	815,082	2,253,201	3,068,283
	Cunent assets/(liabfiities)	(237,649)	-	(237,649)	18,455	-	18,455
	Lon9 term fisbiltfiss	(246,381)		(246,381)	(339,817)		(339,817)
	Provisions	(431,567)		(431,567)	(518,497)		(518,497)
		(216,967)	2,011,785	1,794,818	(24,777)	2,253,201	2,228,424

	payments under non-cancefiable operating l	eases	, whi	ch fal	dus
							2023		2022
							6		6
	Within one year Between two snd fivs years						4,740 12,738		4,740 15,404
							17,478		20,144
24	Related party transactions
	During the year, Dacourm Sports Trust paid	238,400 (2022:			BNil) to Absolutely	Leisure, another		subsidiary of
	Absolutely Together, for the support services	provided		in the	period.
25	Ultimate parent undertaking and controlling related			party
	The ultimate parent company is Absolutely Together, a company limited by guarantee and incorporated in Great Britain by virtue ofbeing the sole member. Company Registration No:08466394 and Registered Charity No: 1152093.This is the smaller snd largest group to consolidate these financial statements. Copies of the financial statement can be obtained from The Arena, Stsffsrton Way, Maidenhead, Berkshire, SL6 IAY or on
	companies house website www.compsnieshouse.		gov.uk.
	Ths Trustees consider the Board ofTrustees of		Absolutely		Together, a company		limited by guarantee,		to be
	the ultimate controlling party.
26	Cash generated from operations						2023		2022
	Deficit for the year						(433,606)	(842,863)
	Adjustments for.
	Investment income recognised in statement	offinancial		activities			(12)		(20)
	Depreciation and impairment oftangible fixed assets						420,592	435,439
	Movsmsnts in working capital:
	Decrease/(incmsse) in stocks						1,562		(5,420)
	(Increase) in debtors Increase in creditors						(8,696) 49,384	(20,891) 20,076
	Increase/(decrease) in provisions						(86,930)	518,497
	(Decrease)/increase in deferred income						(16,654)		22,750
	Cash (absorbed by)/generated from operations						(74,360)	127,568

27	Analysis ofchanges	Analysis ofchanges	in net (debt)ffunds
				At 1April 2S22f	Cash aowsAt f	31Marsh 2023 f
	Cash at bank	and in hand		295,208	(224,792)		70,416
	Loans falling	due within	ons year	(74,800)	(649)		(75,449)
	Loans falling	due after	more than one year	(284,233)	75,352		(208,881)
	Obligations under finance leases			(16,788)	13,017		(3,771)
				(80,613)	(137,072)		(217,685)
28	Prior period	adjustment
	Changes to	the balance sheet
				At 31March 2022
				As previously	AdJustment	As	restated
				reportedf	f		f
	Provisions for gabilities
	Other provisions				(518,497)		(518,497)
	Capital funds
	Income funds
	Restricte funds			2,253,201		2,253,201
	Unrestricted	funds		493,720	(518,497)		(24,777)
			Total equity	2,746,921	(518,497)	2,228,424
	Changes to	the profit	and loss account
				Period ended 31March		2022
				As previously	Adjustment	As	restated
				reporledf	f		f
	Raising funds Charitable activities			617,290 1,745,380	(617,290) 1,135,787	2,881,167
	Net movemsnt in funds			(324,366)	(518,497)		(842,863)