## ||||Page| |---|---|---|---| |Reference Information|||3to 7| |Report ofthe|Trustees||gto21| |Report ofthe|Independent|Auditors|22to 24| |Consolidated|Statement of|Financial Activities|25| |Consolidated|Statement of|Financial Position|26to 27| |Charity Statement ofFinancial Position|||28to29| |Consolidated|Statement of|Cash Flows|30| |Notes tothe|Financial Statements||31to52| ## ## ## |Grou
Re|ort ofthe Trustees|ort ofthe Trustees||| |---|---|---|---|---| |for the Year Ended||31March 2022||| |REFERENCE AND ADMINISTRATIVE
DETAILS||||| |Trustees||||| |Name||Biography||Notes| |Derek Segger||Derek lives in Chepstow
and worked
in the||| |||aerospace industry
in Filton, South Gloucestershire.||| |||He is a regular visitor to Circadian Trust facilities.||| |Patrick Van Beck||Patrick is an actuary and works in the life insurance||| |||industry.
He has previous experience as a non||| |||executive director while working overseas. He and||| |||his family are regular customers ofCircadian Trust's||| |||facilities.||| |Robert Wimbush||Rob works in the sales and marketing
function
in||Resigned 11.11.21| |||the finance and pensions
industry.
He lives in||| |||Downend
and is a regular customer of Circadian||| |||Trusts facilities.||| |Anthony|Davis|Tony is a nominated
trustee as a sitting Councillor||| |||ofSouth Gloucestershlre
Council and is a member||| |||ofYate Council. He is retired and lives in Tate. For||| |||the last 30years he has run a martial arts club at||| |||Tate Lifestyle Centre.||| |Neil McKen||Neil is a management
consultant
and part-time||| |||lecturer. He has been Involved
in community||| |||activities for a number ofyears and is a regular user||| |||ofCircadian Trust Lifestyle Centres.||| |Peter Tuodolo||Peter lives in Thornbury
and works for Essilor Ltd.||| |||one ofthe biggest lens and optical manufacturers|in|| |||the world. He is also an SRA level 2 club coach in||| |||squash
and a UEFA 8License football coach and||| |||currently
manages
Thornbury
Under 16's team.||| ## ## ## |Ben Hilton|Ben isthe CEOfor the Dame Kelly Homes Trust and|Resigned 07.02.21| |---|---|---| ||is responsible
forthe overall running
and impact of|| ||the charity.
He is experienced
in strategic planning,|| ||impact management
and programme
design to|| ||ensure
maximum
impact tothe beneficiaries.|| |Janet Raven|Janet works forthe Lawn Tennis Association|| ||working
with elite junior tennis players.
She has|| ||over 20years teaching experience within South|| ||Gloucestershire
primary schools and was a Head|| ||Teacher for 11years, She lives in Thornbury.|| |Roland Sims|Prior to his retirement
Roland was an Area Manager|| ||for Circadian Trust and was employed
within the|| ||Lifestyle Centres for over 30years.
He is committed|| ||to working
with local groups to benefit the local|| ||community
and regularly
volunteers
as a Move|| ||Maker at Southmead
Hospital.|| |Junior Sheikh|Junior is CEO and co-founder ofthe prestigious|| ||MTM Awards,
which celebrates the excellence and|| ||achievements
ofsmall, medium
businesses
and|| ||grass root communities,
and has become the South|| ||West's premier Asian, Black &Ethnic Communities|| ||event. A key focus is building
bridges and creating|| ||awareness
ofthe importance
ofdiversity,
and|| ||celebrating
excellence and achievements
ofour rich|| ||and diverse communities.|| |James Griffiths|James is a South Gloucestershire
District Councillor|| ||and a commercial
manager,
with a focus in the|| ||health sector, with two degrees in Sports Science|| ||and Cardio Physiology
and experience
working
in|| ||the NHS and private health care sector, local|| ||government
and health &fitness.|| |Circadian Trust||| |---|---|---| |Re ortof the Trustees||| |for the Year Ended 31|March 2022|| |REFERENCE AND ADMINISTRATIVE
DETAILS||| |Trustees (Continued)||| |Peter Viney|Peter is an Associate member
ofChartered
Institute|| ||ofProfessional
Development
with a passion for|| ||Human
Resource Management.
With 21years of|| ||retail management
experience, Peter joined as a|| ||Trustee
in 2021to help shape and grow the facilities|| ||and customer experience to match the needs ofthe|| ||communities
they serve. Peter has been a regular|| ||customer for many years, using the facilities at|| ||Longwell Green and Yate.|| |Nalin Parmar|Chartered
engineer
and qualified accountant
with|| ||extensive experience
in railway infrastructure
asset|| ||management
and the industry
regulatory
model,|| ||gained
in British Railways (1979and 2010)and self-|| ||employed
consultancy
(from 2010todate)|| ||combining
engineering,
finance, economic|| ||regulation
and funding.
Business Advisor to Group|| ||Finance Director of Network
Rail (2005to 2010).|| ||Trustee member to Sirona Care and Health Group|| ||C.I.Cand Treasurer
Director ofBristol and|| ||Gloucester
Gliding Club Ltd. Educated at Imperial|| ||College with interests
in power flying, gliding,|| ||badminton,
swimming
and reading.|| |Suzanna
Hinnell|Suzanna works for a consultancy
managing|Resigned 19.05.22| ||commercial
improvement
programmes.
With two|| ||young children who enjoy a range of sports, her|| ||family are regular centre users.|| |Phil Boobier|Phil qualified
as a Management
Accountant
in 1992|Resigned 11.11.21| ||and before then had over 10years' experience
as an|| ||electrical engineer
in the shipbuilding
industry.
He|| ||has worked
in a range ofdifferent
roles within the|| ||public sector but with a focus on investment
project|| ||governance
and accounting.
Phil was a keen|| ||participant
in sport when he was younger
and is|| ||now a regular user ofthe leisure centres. He isalso|| ||a supporter
and season ticket holder at Plymouth|| ||Argyle. Having joined the Trust in November
2013|| ||he hopes to use his financial experience to support|| ||the Trust in continuing
to deliver high-quality|| ||facilities tothe local community.|| ## |Re ort|ofthe Trustees|ofthe Trustees||| |---|---|---|---|---| |for the|Year En ed 31March 2022|||| |REFERENCE AND ADMINISTRATIVE
DETAILS||||| |Trustees (Continued)||||| |Valerie|Lee|Valerie brings extensive commercial
experience||Appointed 11.11.21| |||from acareer in a variety offunctions
in leading|UK|| |||retail and consumer
companies.
Valerie studied||| |||Economics at Warwick University
and holds a Post||| |||Graduate
Diploma. Valerie has a deep||| |||understanding
ofconsumer
marketing,
as well as||| |||experience
in strategic development,
business||| |||transformation
and property
management.
In||| |||addition to her role as Chair at Circadian Trust she||| |||works with a number ofother organisations
that||| |||strive to improve the health and well-being oflocal||| |||communities
across the South West.||| |Stacey|Mead|Stacey is a Chartered
Fellow ofthe CIPD and a||Appointed 07.09.21| |||Director of HR Dept. Bristol and HR Dept. Group||| |||Trust. Stacey has over 20years ofexperience
in|HR|| |||which spans a range ofsectors including
public,||| |||private and charitable,
working
with organisations||| |||of all shapes and sizes.||| |Andrew|Parks|Andrew
is Head ofGlobal Consulting
at Mayo Clinic||Appointed 11.11.21| |||and prior to this worked as a management||| |||consultant
in a range ofsectors. He has
BScin||| |||Economics and lnternationalPolitics
and an MBA||| |||from Warwick Business School. Andrew
lives locally||| |||and is a keen Triathlete
using Circadian facilities|at|| |||Yate and Bradley Stoke.||| |Chris Clarke||Chris is an experienced
Marketing
Manager and|is|Appointed 11.11.21| |||based in South Gloucestershire
and is an avid||| |||runner,
cyclist and swimmer
having completed|a|| |||series ofsponsored
events. Chris uses Circadian||| |||facilities to train for his events.||| |James|Iles|James is a HR Director within the Telecoms sector||Appointed 06.12.21| |||majoring
in Learning &Development
with a strong||| |||focus on Customer Experience
and Sales. Having||| |||seen his children benefit through
active||| |||participation
in sport (and learning to swim via the||| |||Trusts swimming
school) James is keen to support||| |||the Trust's Social Value charitable
aims and||| |||objectives within the local community.
He is a||| |||regular user of Circadian Trust's Longwell Green||| |||facilities.||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |!|Health|and|Fitness (Gym)|I|107,020|||83,778||167,535|156,278| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||||I||||| |!
Swimming
Lessons
I Group Exercise Classes|||||75,315
17,005!|104,961,
34,217 !||99,539
34300|!
I|121,878
45,682|76,581
48,477| ||Swimming||Activities|||119,698|I|99,252||117,644|64,242| |||||L|||||||| |~S||Hall|Hire||10,613,|16,176|t|18,419;||23,299|23,935| ||Other|Activities (lnc.||||87,698||111623|I|135064|16,995| |i|Commercial)||||||||||| ||||||||||||386,508| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||31.3.22|31.3.21| |---|---|---|---|---|---|---|---| ||||Unrestricted|Pension|Restricted|Total funds|Total funds| ||||funds|reserve|funds||| |||Notes|E|E|E|E|E| |INCOME AND|||||||| |ENDOWMENTS
FROM|||||||| |Donations
and grants||2|96,956||201,486|298,442|3,399,795| |Charitable activities||4|||||| |Leisure activities|||9,009,442|||9,009,442|2,200,165| |Generated
Funds|||||||| |Commercial
Trading|||840,176|||840,176|141,117| |Investment
income||3|16|||16|190| |Total|||9,946,590||201,486|10,148,076|5,741,267| |EXPENDITURE ON|||||||| |Generated
Funds|||||||| |Commercial
Trading|||347,271|||347,271|87,774| |Charitable
activities|||||||| |Leisure activities|||9,547,119|281,000|265,984|10,094,103|8,064,728| |Total|||9,894,390|281,000|265,984|10,441,374|8,152,502| |NET|||||||| |INCOME/(EXPENDITURE)|||52,200|(281,000)|(64,498)|(293,298)|(2,411,235)| |Transfers between
funds||18|||||| |Other recognised|||||||| |gains/(losses)|||||||| |Actuarial gains/losses|on||||||| |defined benefit schemes||||1,556,000||1,556,000|(1,125,000)| |Net movement
in funds|||52,200|1,275,000|(64,498)|1,262,702|(3,536,235)| |RECONCIUATION
OF|FUNDS||||||| |Total funds brought|forward||1,501,568|(7,514,000)|388,405|(5,624,027)|(2,087,792)| |TOTAL FUNDS CARRIED|||||||| |FORWARD|||1,553,760|(6,239,00D)|323,907|(4,361,3251|(5,624, D27)| ## ## |Grou
Statement ofFinanci
At 31March 2022|al Posit|ion||||| |---|---|---|---|---|---|---| ||||||31.3.22|31.3.21| |||Unrestricted|Pensron|Restricted|Total funds|Total funds| |||funds|reserve|funds||| ||Notes|f|f|f|f|f| |FIXEDASSETS||||||| |Intangible
assets|13|||||1,107| |Tangible assets|13a|1,465,697||323,907|1,789,604|2,056,537| |||1,465,697||323,907|1,789,604|2,057,644| |CURRENT ASSETS||||||| |Stocks||80,228|||80,228|97,315| |Debtors|15|428,896|||428,896|1,112,575| |Cash in hand||2,302,375|||2,302,375|1,032,981| |||2,811,499|||2,811,499|2,242,871| |CREDITORS||||||| |Amounts
falling due within||||||| |one year|16|(1,393,428)|||(1,393,428)|(961,375)| |NET CURRENT ASSETS||1,418,071|||1418071|1281486| |TOTAL ASSETS LESS||||||| |CURRENT UABILlllES||2,883,768||323,907|3,207,675|3,339,140| |CREDITORS||||||| |Amounts
falling due after||||||| |more than one year|16|(1,330,000)|||(1,330,000)|(1,449,167)| |PENSION LIABIUTY|19||(6,239,000)||(6,239,000)|(7,514,000)| |NET ASSETS/(UABILITIES)||||||| |FUNDS||||||| |Unrestricted
funds:||||||| |General fund|||||1,553,768|1,501,568| |Pension reserve|||||(6,239,000)|(7,514,000)| ||||||(4,685,232)|(6,012,432)| |Restricted funds|||||323,907|388,405| |TOTALFUNDS|||||{4,362,3257|25,624,0277| ## ## |tatement of Financial Positi
31March 2022|on|||||| |---|---|---|---|---|---|---| ||||||31.3.22|31.3.21| |||Unrestricted|Pension|Restricted|Total|Total| |||funds|reserve|funds|funds|funds| ||Notes|f|f|f|f|f| |FIXEDASSETS||||||| |Intangible
assets|13|||||1,107| |Tangible assets|13a|1,421,846||323,907|1,745,753|2,006,079| |Investments|14|1|||1|1| |||1,421,847||323,907|1,745,754|2,007,187| |CURRENT ASSETS||||||| |Stocks||53,322|||53,322|57,605| |Debtors|15|656,510|||656,510|1,262,007| |Cash in hand||2,048,808|||2,048,808|940,026| |||2,758,640|||2,758,640|2,259,638| |CREDITORS||||||| |Amounts
falling due within||||||| |one year|16|(1,319,212)|||(1,319,212)|(951,223)| |NET CURRENT ASSETS||1,439,428|||1,439,428|1,308,415| |TOTAL ASSETS LESS||||||| |CURRENT LIABILITIES||2,861,275||323,907|3,185,182|3,315,602| |CREDITORS||||||| |Amounts
falling due after||||||| |more than one year|16|(1,330,000)|||(1,330,000)|(1,449,167)| |PENSION LIABILITY|19||(6,239,000)||(6,239,000)|(7,514,000)| |NET ASSETS/(UABILITIES)||||||| ## ## |1,531,275|1,478,030| |---|---| |(6,239,000)|(7,514,000)| |(4,707,725)|(6,035,970)| |323,907|388,405| |(4,383,818(|(5,M1,5851| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||31.3.22|31.3.21| |---|---|---| ||E|f| |Donations|3,533|143,943| |Grants|294,909|3,255,852| ||298,442|3,399,795| |Grants receiv|ed, include|d
in the above, are as follows:||| |---|---|---|---|---| ||||31.3.22|31.3.21| ||||E|E| |Government|Covid Iob|Retention Scheme|201,486|2,482,249| |South Gloucestershire||Council|93,423|121,070| |National
Leisure Recovery Fund||||650,000| |Other grants||||2,533| ||||294,909|3,255,852| ## ## ## ## |||31.3.22|31.3.21| |---|---|---|---| |||E|E| |Wages|and salaries|4,110,098|4,218,773| |Social|security costs|235,027|206,420| |Other|pension costs|793,849|406,849| |||5138974|4,832,042| |||||||31.3.22|31.3.21| |---|---|---|---|---|---|---|---| |Number of leisure staff||||||138|164| |Number ofmarketing|staff|||||1|1| |Number ofsupport staff||||||34|28| |||||||173|193| |The number of employees||whose employee|benefits|(excluding|employer|pension costs)|exceeded| |E60,000was:|||||||| |||||||31.3.22|31.3.21| |E60,000 - E69,999|||||||| |E80,000 - E89,999||||||1|1| ## ## ## ||||||31.3.21| |---|---|---|---|---|---| |||Unrestricted|Pension|Restricted|Total funds| |||funds|reserve|funds|| ||||f|f|| |INCOME AND|||||| |ENDOWMENTS
FROM|||||| |Donations
and legacies||917,546||2,482,249|3,399,795| |INCOME AND|||||| |ENDOWMENTS FROM|||||| |Charitable
activities|||||| |Leisure activities||2,200,165|||2,200,165| |Generated
Funds|||||| |Commercial
Trading||141,117|||141,117| |Investment
income||190|||190| |Total Income||3,259,018||2,482,249|5,741,267| |EXPENDITURE ON|||||| |Generated
Funds|||||| |Commercial
Trading||87,774|||87,774| |Charitable
activities|||||| |Leisure activities||5,336,981|181,000|2,546,747|8,064,728| |Total Expenditure||5,424,755|181,000|2,546,747|8,152,502| |NET|||||| |INCOME/(EXPENDITURE)||(2,165,737)|(181,000)|(64,498)|(2,411,235)| |Other recognised|||||| |gains/(losses)|||||| |Actuarial gains/losses|on||||| |defined benefit schemes|||(1,125,000)||~2,125 OOO)| |Net movement
in funds||(2,165,737)|(1,306,000)|(64,498)|(3,536,235)| |RECONCILIATION
OF|FUNDS||||| |Total funds brought|forward|3,667,305|(6,208,000)|452,903|(2,087,792)| |TOTAL FUNDS CARRIED|||||| |FORWARD||1,501,568|(7,514,000)|388,405|(5,624,027)| ## ## ## |The summary
f|inanci|al performance|ofthe charity alone is:||| |---|---|---|---|---|---| |||||31.3.22|31.3.21| |||||Total funds|Total funds| |INCOME||||9,545,554|5,624,589| |Investment
income||from subsidiary|company|256,296|44,281| |Total||||9,801,850|5,668,870| |EXPENDITURE||||10,094,103|8,064,728| |NET INCOME/(EXPENDITURE)||||(292,253)|(2,395,858)| |Other recognised gains/(losses)|||||| |Actuarial gains/losses||on defined benefit|||| |schemes||||1,556,000|(1,125,000)| |Net Movement|in funds|||1,263,747|(3,520,858)| |Total funds brought||forward||(5,647,565)|(2,126,707)| |TOTAL FUNDS|CARRIED||||| |FORWARD||||(4,383,818)|(5,641,565)| ## ## ||31.3.22|31.3.21| |---|---|---| ||E|E| |TURNOVER|840,176|141,117| |Cost ofsales|(418,242)|(71,142)| |Administrative
expenses|(166,699)|(41,261)| |Interest receivable and similar income|14|190| |PROFIT ON ORDINARY ACTIVITIES BEFORETAXATION|255,249|28,904| |PROFIT FOR THE FINANCIAL YEAR|255,249|28,904| ||31.3.22|31.3.21| ||E|E| |FIXEDASSETS|43,851|50,458| |CURRENT ASSETS|319,887|141,720| |CURRENT UABILITIES|~3412 4|~168639| |TOTAL NET ASSETS|22,494|23,539| |CAPITAL AND RESERVES||| |Called up share capital|1|1| |Retained
earnings|22,493|23,538| |SHAREHOLDERS'
FUNDS|22,494|23,539| ## ## ## |12.IN|COME EARNED FROM|OTHER TRADING ACTIVI|TES (Cont.)|||| |---|---|---|---|---|---|---| ||||Called|up||| ||||share||Retained|Total| ||||capital||earnings|equity| ||||E||E|E| ||Balance at 1April 2020||||38,915|38,916| ||Total comprehensive|income|||28,904|28,904| ||Dividends||||(44,281)|(44,281)| ||Balance at 31March|2021||1|23,538|23,539| ||Total comprehensive|income|||255,249|255,249| ||Dividends||||(256,294)|(256,2941| ||Balance at31March|2022||1|22,493|22,494| |13.|INTANGIBLE FIXEDASSETS|||||| |||||||Computer| |Group|and Charity|||||software
f| ||COST|||||| ||At 1April 2021|||||64,498| ||Additions|||||| ||At 31March 2022|||||64,498| ||AMORTISATION|||||| ||At 1April 2021|||||63,391| ||Charge for year|||||1,107| ||At 31March 2022|||||64,498| ||NET BOOK VALUE|||||| ||At 31March 2022|||||| ||At 31March 2021|||||1,107| ## ## |to the Financial Sta ements - co
e Year Ended 31March 2022
TANGIBLE FIXEDASSETS
i)Group|ntinued|||| |---|---|---|---|---| ||Improvements|F(xtures and|Computer|| ||to props(ty|fittingS|equipment|Totals| ||f|f|f|f| |COST||||| |At1April 2021|1,848,027|3,382,210|497,674|5,727,911| |Additions||145,450|20,214|165,664| |Disposals||(79,491)|(80,930)|(160,421)| |At 31March 2022|1840027|3.440,169|436,958|5,733,154| |DEPRECIATION||||| |At 1April 2021|1,201,947|1,983,703|485,724|3,671,374| |Charge for year
Eliminated
on disposal|234,011|179,898
(79,491(|18,688
~00,9301|432,597
(160,421(| |At 31March 2022|1,435,958|2,084,110|423,482|3,943,550| |BIETBOOK VALUE||||| |At 31March 2022|412,069|1,364,059|13,476|1,789,604| |At 31March 2021|646,000|1,398,507|11,950|2,056,537| ||improvements|Fixtures &||| |ii) Charity|to|fittings|Computer|| |COST|property
f|f|equipment
f|Totals
f| |At 1April 2021|1,848,027|3,046,085|497,674|5,391,786| |Additions||131,464|20,214|151,678| |Disposals||(77,910)|(80,930)|(158,840)| |At 31March 2022|1,848,027|3,099,639|436,958|5,384,624| |DEPRECIATION||||| |At 1April 2021|1,201,947|1,698,036|485,724|3,385,707| |Charge for year|234,011|159,305|18,688|412,004| |Eliminated
on disposal||(77,910)|(80,930)|(158,840)| |At 31March 2022|1,435,958|1,779,431|423,482|3,638,871| |NET BOOK VALUE||||| |At 31March 2022|412,069|1,320,200|13,476|1,745,753| |At 31March 2021|64600D|1340049|11950|~2000070| ||41|||| ## ## ||||Group|Charity|Charity| |---|---|---|---|---|---| |||312L22|313.21|312L22|312K21| |||E|E|E|E| |Trade debtors||71,301|872,461|33,962|863,406| |Amounts
owed by subsidiary|undertaking|||267,028|158,487| |Other debtors||2,075|||| |Prepayments||355,520|240,114|355,520|240,114| |||428,896|1,112,575|656,510|1,262,007| ## |||Group||Charity|| |---|---|---|---|---|---| ||31.3.22||31.3.21|31.3.22|31.3.21| ||E||f|f|E| |Trade creditors|183,659||250,614|163,195|249,818| |Social security and other taxes|83,542||60,136|83,542|57,108| |Other creditors|91,649||38,749|37,897|32,421| |Accruals and deferred income|1,034,578||611,876|1,034,578|611,876| ||1,393,420||961,375|1,319,212|951,223| ## |Group and Charity||31.3.22|31.3.21| |---|---|---|---| |||f|E| |Accruals and deferred|income|1,330,000|1,449,167| ## ## |Group and Charity|31.3.22|31.3.21| |---|---|---| ||E|E| |Within one year|526,239|659,844| |Between one and five years|906,391|1,252,498| |In more than five years|252,932|332,932| ||1,685,562|2,245,273| ## ## |Group||||Net|Transfers|Transfers|| |---|---|---|---|---|---|---|---| |||||movement
in|between||| ||||At 1.4.21|funds|funds||At 31.3.22| ||||E|E||E|E| |Unrestricted|funds||||||| |General fund|||1,501,568|52,200|||1,553,768| |Pension reserve|||(7,514,000)|1,275,000|||(66239,000)| ||||(6,012,432)|1,327,200|||(4,685,232)| |Restricted funds|||||||| |ESCGrant|||388,405|(64,498)|||323,907| |TOTAL FUNDS|||(5,624,027)|1,262,702|||(4,361,325)| |Net movement||in funds, included|in the above are asfollows:||||| ||||incoming|Resources|Gains|and|Movement| ||||resources|expended|losses||in funds| ||||E|E|E||E| |Unrestricted|funds||||||| |General fund|||9,946,589|(9,894,389)|||52,200| |Pension reserve||||(281,000)|1,556,000||1,275,000| ||||9,946,589|(10,175,389)|1,556,000||1,327,200| |Restricted funds|||||||| |ESCGrant||||(64,498)|||(64,498)| |Government|Covid Job Retention||||||| |Scheme|||2111486|~262 486)|||| ||||201,486|(265,984)|||(64,498)| |TOTAL FUNDS|||10,148,075|(10,441,373)|1,556,000||1,262,702| ## ## ## |Charity||||||| |---|---|---|---|---|---|---| ||||||Net|| ||||||movement|At| |||||At 1.4.21|in funds|31.3.22| |||||E|E|E| |Unrestricted||funds||||| |Generalfund||||1,478,030|53,245|1,531,275| |Pension reserve||||(7,514,000)|1,275,000|(6,239,000)| |||||(6,035,970)|1,328,245|(4,707,725)| |Restricted funds||||||| |ESCGrant||||388,405|(64,498)|323,907| |TOTAL FUNDS||||(5,647,5651|1,263,747|(4,383,818(| |Net movement||in funds, included|in the above are as follows:|||| ||||Incoming|Resources|Gains and|Movement| ||||resources|expended|losses|in funds| ||||E|E|E|E| |Unrestricted|funds|||||| |General fund|||9,600,363|(9,547,119)||53,245| |Pension reserve||||(281,000)|1,556,000|1,275,000| ||||9,600,363|(9,828,119)|1,556,000|1,328,245| |Restricted funds||||||| |ESCGrant||||(64,498)||(64,498)| |Government|Covid Job Retention|||||| |Scheme|||201,486|(201,486)||| ||||201,486|(265,984)||(64,498)| |TOTAL FUNDS|||9,801,849|(10,094,103)|1,556,000|1,263,747| ## ## |Comparative|m|ovement
in Funds|||||| |---|---|---|---|---|---|---|---| |Group|||||Net|Transfers|| ||||||movement
in|between|| |||||At 1.4.20|funds|funds|At31.3.21| |||||f|f|f|f| |Unrestricted|funds||||||| |General fund||||3,667,305|(2,165,737)||1,501,568| |Pension reserve||||(6,208,000)|(1,306,000)||(7,514,000)| |||||(2,540,695)|(3,471,737)||(6,012,432)| |Restricted funds|||||||| |ESCGrant||||452,903|(64,498)||388,405| |TOTAL FUNDS||||(2,087,792)|(3536.235)||(5624,D27)| |Net movement||in funds, included|in the above are as follows:||||| |||||Incoming|Resources|Gains and|Movement| |||||resources
f|expended
f|losses
f|in funds
f| |Unrestricted|funds||||||| |General fund||||3,259,018|(5,424,755)||(2,165,737)| |Pension reserve|||||(181,000)|(1,125,000)|(1,306,000)| |||||3,259,018|(5,605,755)|(1,125,000)|(3,471,737)| |Restricted funds|||||||| |ESCGrant|||||(64,498)||(64,498)| |Government|Covid lob Retention||Scheme|2,482,249|(2,482,249)||| |TOTAL FUNDS||||5,741,267|(5,152,5D2)|(1.125,DDD)|(3,536,235)| ## ## |Comparative
Charity|mo|
vement
in Funds|||||| |---|---|---|---|---|---|---|---| ||||||Net|Transfers|| ||||||movement
in|between|| |||||At 1.4.20|funds|funds|At 31.3.21| |||||E|E|E|E| |Unrestricted|funds||||||| |General fund||||3,628,390|(2,150,360)||1,478,030| |Pension reserve||||(6,208,000)|(1,306,000)||(7,514,000)| |||||(2,579,610)|(3,456,360)||(6,035,970)| |Restricted funds|||||||| |ESCGrant||||452,903|(64,498)||388,405| |TOTALFUNDS||||(2,126,7071|(3,520,858)||~5647,565)| |Net movement||in funds, included|in the above are asfollows:||||| |||||Incoming|Resources|Gains and|Movement| |||||resources|expended|losses|in funds| |||||E|E|E|E| |Unrestricted|funds||||||| |General fund||||3,186,621|(5,336,981)||(2,150,360)| |Pension reserve|||||(181,000)|(1,125,000)|(1,306,000)| |||||3,186,621|(5,517,981)|(1,125,000)|(3,456,360)| |Restricted funds|||||||| |ESCGrant|||||(64,498)||(64,498)| |Government|Covid Job Retention||Scheme|2,482,249|(2,482,249)||| |TOTALFUNDS||||5,668,870|(8,064,728)|(1,125,000)|(3,520,858)| ## ## ## ## ## ## |||Defined benefit|pension| |---|---|---|---| |||plans|| |||31.3.22|31,3.21| |||E|E| |Current|service cost|450,000|377,000| |Net interest from net defined benefit asset/liability||161,000|138,000| |Admin|Expenses|7,000|7,000| |Curtailments||12,000|| |Less Employer Contributions||(349,000)|(341,000)| |Past Service Costs|||| |||281,DDD|101,000| |Actual|return on plan assets|(1,255,000)|(1,010,1100)| ||||||Defined benefit|pension| |---|---|---|---|---|---|---| ||||||plans|| ||||||31.3.22|31.3.21| ||||||E|E| |Defined|benefit obligation||b/f||19,974,000|16,571,000| |Current|service cost||||450,000|377,000| |Contributions
by scheme participants|||||77,000|77,000| |Interest|cost||||438,000|380,000| |Benefits|paid||||(168,000)|(131,000)| |Past Service Costs||||||| |Curtailments|||||12,000|| |Remeasurement||on Experience||(gain) / loss|44,000|(279,000)| |Remeasurement||on assumptions||(gain) / loss||| |Actuarial|losses/(gains)||||(621,000)|2,979,000| |Defined|benefit|obligation|c/f||20,200,D(0|19,924,000| ## ## ## ## |Changes
in th|e|fair value ofscheme assets|are as follows:||| |---|---|---|---|---|---| |||||Defined benefit|pension| |||||plans|| |||||31.3.22|31.3.21| |||||f|f| |Fair value ofscheme assets b/f||||12,460,000|10,363,000| |Interest on plan||assets||277,000|242,000| |Contributions|by employer|||349,000|341,000| |Contributions|by scheme participants|||77,000|77,000| |Administration||Expenses||(7,000)|(7,000)| |Benefits paid||||(168,000)|(131,000)| |Remeasurement||on plan assets (excluding|interest income)|979,000|1,575,000| |Fair value ofscheme assets c/f||||13,961,00D|12,46D,DDD| ||||Defined benefit|pension| |---|---|---|---|---| ||||plans|| ||||31.3.22|31.3.21| ||||f|f| |Remeasurement|on|liability assumptions|(2,535,000)|(2,700,000)| |Remeasurement|on|plan assets (excluding interest income)|979,000|1,575,000| ||||11ss6,0003|32,323,0303| ## ## ## ||Defined benefit|pension| |---|---|---| ||plans|| ||31.3.22|31.3.21| ||f|f| |Equities|5,656,000|4,673,000| |Bonds - Government|1,732,000|1,757,000| |Bonds - Other|1,048,000|1,059,000| |Cash|223,00|361,000| |Property|936,000|897,000| |Other|4,372,000|3,713,000| ||13,661,DM|11,46D,OOD| ## |||31.3.22|31.3.21| |---|---|---|---| |Inflation||3.20%|2.7%| |Rate ofincrease|in pensions|3.30%|2.8%| |Discount rate of|liabilities|2.80%|2.2%| |Rate ofincrease|in salaries|2.20%|1 76xo| ## ## ## |for t|he Year Ended 31Mar|ch|2022||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |21.|RECONCILIATION|OF|NET|INCOME/(EXPENDITURE)|||TO|NET|CASH|FLOW
FROM|OPERATING| ||ACTIVITIES||||||||||| |||||||||||31.3.22|31.3.21| |||||||||||6|E| ||Net income/(expenditure)|||forthe reporting||period (as|per|the|||| ||statement
offinancial||activities)|||||||(293,298)|(2,411,235)| ||Adjustments
for:||||||||||| ||Depreciation
and amortisation||||charges|||||433,704|544,639| ||Interest received|||||||||(15)|(190)| ||Decrease/(Increase)|in|stocks|||||||17,087|33,315| ||Decrease/(Increase)|in|debtors|||||||683,679|(730,891)| ||Increase/(Decrease)|in|creditors|||||||311,286|482,091| ||Difference between|pension||charge and cash||contributions||||281,000|181,000| ||Net cash used in operating|||activities||||||1,433,443|(1,9D1,271)| |22.|ANALYSIS OF CHANGES||IN NET||FUNDS||||||| |||||||||At 1.4.21||Cash flow|At 31.3.22| |||||||||f||6|E| ||Net cash||||||||||| ||Cash at bank and in|hand|||||1,032,981|||1,269,394|2,302,375| ||Total||||||1,032,981|||1,269,394|2,302,375|