##
|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|19|
|Report ofthe Independent
Auditors|20|to|23|
|Statement of Financial Activities||24||
|Balance Sheet|25|to|26|
|Cash Flow Statement||27||
|Notes to the Cash Flow Statement||28||
|Notes to the Financial Statements|29|to|46|
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|Fi ure1|||||||||
|---|---|---|---|---|---|---|---|---|
|erving Board||||ccupation||ore Skills||Gender|
|Members|||||||||
|Mark Beaumont|||(Chair)|Founder/MD/|Entrepreneur|Business start-up
and new product||Male|
|||||||evelo
ment|||
|Phil Clarke||||Retired Director Tesco||Private sector - retail and service||Male|
|||||tores Ltd||ana
ement|||
|Mike Price||||Retired Head Teacher||Public and Charity sector - Special||Male|
|||||Barnados||Needs Education|||
|lan Wisniewski||||Retired Sales 8 General||Strategy,
Financial
Management,||Male|
|||||Manager||Auditing,
Information
Technology,|Social||
|||||||Care Services|||
|Kevin Ellis||||Private Maths Tutor||trategy,
Financial
Management,||Male|
|||||||ccountancy,
Treasury
Management,|||
|||||||overnance,
Trainin
& Develo|ment||
|Marcel
Miller||||reasurer||Financial
Management,
Accountancy,||Male|
|||||||Banking, Treasury
Management,|||
|||||||Insurance,
Pensions,|||
|llr Laurence||O'|Connor|De t for Work 8 Pensions||orkin
with Local Authorities||Male|
|llr Johnny|Denis|||abinet Member for||Fundraising,
Strategy,
Community||Male|
|||||ustomers|8 Communities|Relations
and Governance|||
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|Fi ure2||||||||
|---|---|---|---|---|---|---|---|
|ave Leisure Trust|Minimum
Fre uenc||Method of Scrutin||Elected|Chair|No. ofTrustees|
|Full Board ofTrustees|5 per annum|including|Matters|Reserved|Mark Beaumont|||
||the AGM (although||for the|Board||||
||additional
meetings||agreed|and
in place||||
||may be called|as||||||
||re
uired|||||||
|overnance
Sub|4 per annum||Terms|of Reference|Mike|Price||
|I'ou|||a reed|and
in
lace||||
|Health and Safety Sub|4 per annum||Terms|of Reference|David|Hearn|1 (2 attend)|
|i'ou|||a reed|and
in
lace||||
|Finance and Audit Sub|3per annum||Terms|of Reference|Marcell|Miller|4 (3attend)|
|rou|||a reed|and
in
lace||||
|trategy Sub Group|4 Per annum||Terms|of Reference|Rolling|Chair||
||||a reed|and
in
lace||||
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|Fi ure 3:Com|osition|and Attendances|at|Board Meetin s:|||||
|---|---|---|---|---|---|---|---|---|
|arne||Full Board (incl||Governance|Finance &Audit|Health|&|Strategy|
|||AGM)||Sub Group|Sub Group|Safety||Development|
|||||||Sub Grou||Sub Grou|
|Mark Beaumont||5/5||n/a|3/3|n/a||0/4|
|Chair)|||||||||
|Re istered' . 16/07/15|||||||||
|Mike Price||5/5||Chair 5/4|n/a|n/a||0/4|
|Re istered: 16/07/15|||||||||
|Phil Clarke||5/5||5/4|n/a|n/a||0/4|
|Re istered: 25/02/16|||||||||
|Kevin Ellis||5/5||n/a|3/3|n/a||0/4|
|Registered:|||||||||
|1/07/2018|||||||||
|Marcel Miller||5/5||n/a|Chair 3/3|n/a||0/4|
|Registered:|||||||||
|2/02/2018|||||||||
|lan Wisniewski||5/5||4/4|n/a|0/4||0/4|
|Registered;|||||||||
|6/05/2017|||||||||
|teve Saunders||0/5||n/a|0/3|0/4||0/4|
|Registered:|||||||||
|3/05/2019|||||||||
|Resigned:|||||||||
|4/07/2020|||||||||
|llr Laurence||5/5||n/a|n/a|3/4||0/4|
|'Connor|||||||||
|llr Johnn
Denis||0/5||n/a|n/a|n/a||n/a|
|o-opted
David||5/5||n/a|n/a|Chair 3/4||0/4|
|earn|||||||||
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|Fi ure 4:Identified|Fi ure 4:Identified|Fi ure 4:Identified|Risks and Mana
ement Procedures|Risks and Mana
ement Procedures|Risks and Mana
ement Procedures||
|---|---|---|---|---|---|---|
|Identified||Risk|Descri
tion|||How we mana
ethe risk|
|ontractual||risk|Failure to perform|in terms of|the contract|Annual
Service Plans, key objectives and|
||||to provide
leisure|and recreational
services||targets agreed
with Lewes District Council|
||||to communities.|||andother
artnerseach
ear.|
|perational||risk|Incurring
losses as a result of||inadequate|Internal
audit and external
audit programme|
||||or failed internal
and external||processes,|in place. Documented
processes
in place|
||||systems
and human
error or from external|||for all financial controls and processes.|
||||events.||||
|Regulatory||risk|Failure to comply|with relevant|regulations|Robust systems of internal
and external|
||||and procedures,|for example|health
and|audits and training
by specialist
training|
||||safety,|||providers
and third-party
advisors
with|
|||||||specialist knowledge
of the sports and|
|||||||leisure sector,|
|People risk|||Failure to ensure|we maintain|a|Comprehensive
programme
oftraining|
||||well-trained,
competent
and motivated|||provided
across the business
including|
||||workforce,|||annual assessment
needs, competency|
|||||||checks and systems for behaviour
and|
|||||||erformance
monitorin
.|
|Financial|risk||Failure to ensure|we maintain|adequate|Reserves policy regularly
reviewed as part|
||||reserves to ensure the on-going
financial|||of the annual
Board assessment
in line with|
||||re uirements
ofthe Charit
are met.|||the future needs ofthe business.|
|Reputational||risk|Failure to meet the expectations
ofour key|||Comprehensive
partner
relations|
||||stakeholders,
our|partners,
staff and||established
with key stakeholder
groups|
||||customers
in the|performance|and|that have a direct or indirect influence
on|
||||mana
ement ofthe charit
's affairs,|||the
erformance
ofthe business,|
##
|Identified|Risk|Descri|tion||||How we mana
ethe risk||
|---|---|---|---|---|---|---|---|---|
|Economic|Risk|Failure|to achieve|income levels|due|to|Regular review of pricing against||
|||increased
competition
or a reduction||||in|competitors,
price promotion|and|
|||levels|ofcustomers|disposable|income.||comprehensive
systems for|gathering|
||||||||customer feedback||
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|Phase||Activities|||Location||||0 enin|
|---|---|---|---|---|---|---|---|---|---|
|Phase|One|Gym and|group exercise||~|Downs Leisure Centre|||25ii' July|
|||classes, outdoor and some|||~|Lewes Leisure Centre (dry|activities|||
|||Club activities||ifsocial||only)||||
|||distancing|can|be|~|Seahaven
Swim and Fitness||Centre (dry||
|||guaranteed|by|Club||activities only)||||
|||Officials.|||~|Peacehaven
Leisure Centre||||
||||||~|Shakespeare
Hall||||
||||||~|East Grinstead
Sports Club||||
||||||~|Eastbourne
Sports Park||||
||||||~|Hampden
Park Sports Centre||||
||||||~|Sovereign
Harbour
Community||Centre||
||||||~|Re enc
Park Communit|Centre|||
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|Phase||Activities|Location|Location|||||||0 enin|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Phase Two||Gym and Group Exercise,||~|Shinewater||Sports Centre||||1st Sept|
|||outdoor and some Club||~|Cavendish||Sport|Centre||||
|||activities
ifsocial distancing||||||||||
|||can be guaranteed
by Club||||||||||
|||Officials,||||||||||
|Phase Three||Swimming,
Learn to Swim||~|Lewes Leisure Centre||||||7th Sept|
|||(Wave Swim School) and||~|Seahaven||Swim|and Fitness Centre||||
|||other A uatic Activities||||||||||
|After a period||ofdiscussion
with relevant
council|authorities,||due|to a number||of key maintenance||and social distancing||
|challenges|it was agreed that the small pools, including|||Ringmer,||Seaford Head and Motcombe|||would||remain closed.|
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|Site||Pro'ect|||Pur ose||
|---|---|---|---|---|---|---|
|Newhaven|Fort|Improve|visitor experience|through a series of projects|Increase|Visitor Numbers|
|||linked to;|||Revenue|Generation|
|||~|Health, Safety and|Environment|Improve|Visitor Experience|
|||~|Visitor Attractions||||
|||~|Restoration||||
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||||||||31.3,21|31,3,20|
|---|---|---|---|---|---|---|---|---|
||||||FRS 102||||
||||||Pension||||
|||||Unrestricted|Adjustment|Restricted|Total|Total|
|||||funds|Un-restricted|funds|funds|funds|
||||Notes|E|E|F||E|
|INCOME AND ENDOWMENTS|||||||||
|FROM|||||||||
|Donations
and legacies|||2|||1,878,882|1,878,882||
|Charitable
activities|||||||||
|Operation
of Recreation||and||1,740,618||1,202,715|2,943,333|7,395,012|
|Leisure Sites|||||||||
|Investment
income||||3,927|||3,927|3,480|
|Total||||1,744,545||3,081,597|4,826, 142|7,398,492|
|EXPENDITURE ON|||||||||
|Charitable
activities|||||||||
|Leisure Centre activity||||2,732,231|200,000|2,019,866|4,952,097|8,030,957|
|NET INCOME/(EXPENDITURE)||||(987,686)|(200,000)|1,061,731|(125,955)|(632,465)|
|Transfers
between funds|||19|~91,689)||91,689|||
|Other recognised|||||||||
|gains/(losses)|||||||||
|Actuarial
gains/(losses)||on|||||||
|defined
benefit schemes|||||~t, t88,000)||~t, t88,000)|1,545,000|
|Net movement
in funds||||(1,079,375)|(1,388,000)|1,153,420|(1,313,955)|912,535|
|RECONCILIATION
OF FUNDS|||||||||
|Total funds brought|forward|||1,170,078|(729,000)|39,286|480,364|(432,171)|
|TOTAL FUNDS CARRIED|||||||||
|FORWARD||||90,703|~2,117,000)|1,192,706|~833,591)|480,364|
||||BALANCE|BALANCE|SHEET||||
|---|---|---|---|---|---|---|---|---|
||||31|MARCH|2021||||
||||||||31.3.21|31.3,20|
|||||FRS 102|||||
|||||Pension|||||
||||Unrestricted|Adjustment||Restricted|Total|Total|
||||funds|Un-restricted||funds|funds|funds|
|||Notes|F||F|F|E||
|FIXEDASSETS|||||||||
|Tangible assets||11|261,418|||742,586|1,004,004|381,605|
|Investments||12|1||||1|1|
||||261,419|||742,586|1,004,005|381,606|
|CURRENT ASSETS|||||||||
|Stocks||13|1,046||||1,046|8,166|
|Debtors||14|536,080|||92,613|628,693|735,637|
|Cash at bank and|in hand||420,620|||762,575|1,183,195|822,171|
||||957,746|||855,188|1,812,934|1,565,974|
|CREDITORS|||||||||
|Amounts
falling due within one|||||||||
|year||15|(628,462)|||(405,068)|(1,033,530)|(738,216)|
|NET CURRENT ASSETS|||329,284|||450,120|779,404|827,758|
|TOTAL ASSETS|LESS||||||||
|CURRENT LIABILITIES|||590,703|||1,192,706|1,783,409|1,209,364|
|CREDITORS|||||||||
|Amounts
falling due after more|||||||||
|than one year||16|(500,000)||||(500,000)||
|PENSION LIABILITY||20||(2,117,000)|||(2,117,000)|(729,000)|
|NET ASSETS/(LIABILITIES)|||90,703|~2,117,000)||1,192,706|~833,591)|480,364|
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||855,212|
|---|---|
|(2,026,297)|(414,134)|
|1,192,706|39,286|
|~833,5933|480,354|
|||||CASH FLOW|STATEMENT|||
|---|---|---|---|---|---|---|---|
|||FOR||THE YEAR ENDED 31 MARCH||2021||
|||||||31.3.21|31.3,20|
|||||Notes||||
|Cash flows from operating
activities
Cash generated
from operations||||1||569,804|~71,502)|
|Net cash provided
by/(used||in) operating|activities|||569,804|~71,502)|
|Cash flows from investing||activities||||||
|Purchase of tangible
fixed assets||||||(712,707)|(135,079)|
|Interest received||||||3,927|3,480|
|Net cash used
in investing|activities||||~708,780)||~131,599)|
|Cash flows from financing||activities||||||
|Lewes Council Loan||||||500,000||
|Change
in cash and cash||equivalents|in|||||
|the reporting
period||||||361,024|(203,101)|
|Cash and cash equivalents||at the||||||
|beginning
ofthe reporting||period||||822,171|1,025,272|
|Cash and cash equivalents||at the end|of|||||
|the reporting
period|||||1,183,195||822,171|
##
||RECONCILIATION|OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES|OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES|
|---|---|---|---|---|---|---|---|
|||||||31,3.21|31,3,20|
|||||||E||
||Net expenditure
for the reporting||||period (as per the Statement of|||
||Financial Activities)|||||(125,955)|(632,465)|
||Adjustments
for:|||||||
||Depreciation
charges|||||90,308|257,411|
||Interest received|||||(3,927)|(3,480)|
||Impairment
charges||||||86,540|
||Decrease
in stocks|||||7,120|15,811|
||Decrease/(increase)|in debtors||||106,944|(291,786)|
||Increase
in creditors|||||295,314|207,467|
||Difference between|pension|charge||and cash contributions|200,000|289,000|
||Net cash provided|by/(used||in) operations||569,804|~71,502)|
|2.|ANALYSIS OF CASH AND||CASH||EQUIVALENTS|||
|||||||31,3.21|31,3.20|
|||||||E|E|
||Cash in hand and at|bank||||1,183,195|822,171|
|3.|ANALYSIS OF CHANGES||IN|NET|FUNDS|||
||||||At1.4,20|Cashf low|At31.3,21|
||||||E|E|E|
||Net cash|||||||
||Cash at bank and
in|hand|||822,171|361,024|1,183,195|
||Debt|||||||
||Debts falling due after 1 year|||||~500,000)|~500,00D)|
||Total||||822,171|~138,976)|683,195|
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|2.|DONATIONS|AND|LEGACIES|LEGACIES||||
|---|---|---|---|---|---|---|---|
|||||||31.3,21|31.3,20|
||||||||E|
||Job Retention|Scheme grants||||1,878,882||
|3.|INVESTMENT|INCOME||||||
|||||||31,3.21|31,3.20|
|||||||E||
||Deposit account interest|||||3,927|3,480|
|4.|INCOME FROM CHARITABLE ACTIVITIES|||||||
|||||||31,3,21|31,3.20|
|||||||Leisure||
|||||||Centre|Total|
|||||||activity|activities|
|||||||F|E|
||Leisure centre|income||||766,610|6,210,292|
||Management|Fee||||100,841|237,196|
||Joint Use Agreement||Income|||411,026|387,887|
||Grants|||||1,664,856|559,637|
|||||||2,943,333|7,385,012|
||Grants received,
included|||in the above, are as follows:||||
|||||||31,3.21|31.3.20|
||Eastbourne
County||Council|||462,000|462,901|
||Newhaven
Fort Recovery|||||850,000||
||Tackling
Inequalities||Fund|||5,000||
||Adult Social Care Infection|||Control|Fund|9,960||
||NLRF (LDC)|||||181,542||
||NLRF (EBC)|||||55,100||
||Summer
Events Programme|||||8,500||
||Capital Community||Fund|||141|141|
||Big Lottery|||||92,613|56,085|
||Other Grants||||||40,510|
|||||||1,664,856|559,637|
##
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|||Direct|Staff|Support|2021|2020|
|---|---|---|---|---|---|---|
|||Costs|Costs|Costs|Total|Total|
||||||Charitable|Charitable|
||||||Activities|Activities|
|||E|E|E|E||
|Leisure|Centres|1,220, 626|3,487,718|243,753|4,952,097|8,030,957|
##
##
|Major comp|onents
ofSupport Costs|||
|---|---|---|---|
|||Year Ended|Year Ended|
|||31.3,21|31.3,20|
|||E|E|
|Governance|Costs|15,030|15,000|
|Overheads||142,530|481,822|
|Communications||51,004|66,577|
|Marketing||16,624|101,442|
|Consultancy||7,760|29,546|
|Motor 8 Travel||2,492|29,244|
|Legal 8 Professional||8,313|25,949|
|||243,753|749,580|
##
##
|||||31,3.21|31.3.20|
|---|---|---|---|---|---|
|||||E|E|
|Auditor's
remuneration||||15,030|15,000|
|Auditor's
remuneration||under|provision||2,307|
|Depreciation|-owned|assets||90,308|257,411|
|Hire of plant|and machinery|||85,207|141,039|
|Impairment|Losses||||86,540|
##
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|9.|STAFF COSTS|||
|---|---|---|---|
|||31.3.21|31.3,20|
|||E||
||Wages and salaries|3,032,087|4,070,428|
||Social security costs|167,716|199,068|
||Other pension costs|287,915|359,626|
|||3,487,718|4,828,122|
||31.3.21|31.3.20|
|---|---|---|
|Senior management|11|10|
|Recreation Sites|132|160|
|Administration|10|10|
|Casual Staff|193|410|
||346|590|
||||31.3.21|31,3,20|
|---|---|---|---|---|
|890,001|-|8100,000|1|1|
##
|2021|2020|
|---|---|
|1|1|
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|COMPARATIVES FOR TH|E ST|ATEMENT OF|FINANCIAL ACTI|VITIES
FRS 102|||
|---|---|---|---|---|---|---|
|||||Pension|||
||||Unrestricted|Adjustment|Restricted|Total|
||||funds|Un-restricted|funds|funds|
|INCOME AND ENDOWMENTS||FROM|||||
|Charitable
activities|||||||
|Operation
of Recreation
and Leisure Sites|||7,342,717||52,295|7,395,012|
|Investment
income|||3,480|||3,480|
|Total|||7,346,197||52,295|7,398,492|
|EXPENDITURE ON|||||||
|Charitable
activities|||||||
|Leisure Centre activity|||7,683,610|289,000|58,347|8,030,957|
|NET INCOME/(EXPENDITURE)|||(337,413)|(289,000)|(6,052)|(632,465)|
|Other recognised
gains/(losses)|||||||
|Actuarial
gains on defined|benefit schemes|||1,545,000||1,545,000|
|Net movement
in funds|||(337,413)|1,256,000|(6,052)|912,535|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought
forward|||1,507,491|(1,985,000)|45,338|(432,171)|
|TOTAL FUNDS CARRIED|FORWARD||1,170,079|~729,000)|39,286|480,364|
##
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|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
||Improvements||Fixtures|
||to|Plant and|and|
||property|machinery|fittings|
||||E|
|COST||||
|At 1 April 2020|1,346,233|146,611|8,671|
|Additions|711,157||1,550|
|At 31 March 2021|2,057,390|146,611|10,221|
|DEPRECIATION||||
|At 1 April 2020|1,161,079|89,904|1,734|
|Charge for year|33,009|19,263|1,993|
|At 31 March 2021|1,194,088|109,167|3,727|
|NET BOOK VALUE||||
|At 31 March 2021|863,302|37,444|6,494|
|At 31 March 2020|165,154|56,707|6,937|
||Motor|Computer||
||vehicles|equipment|Totals|
|||E|E|
|COST||||
|At 1 April 2020|8,580|165,917|1,676,012|
|Additions|||712,707|
|At 31 March 2021|8,580|165,917|2,388,719|
|DEPRECIATION||||
|At 1 April 2020|4,290|37,400|1,294,407|
|Charge for year|2,860|33,183|90,308|
|At 31 March 2021|7,150|70,583|1,384,715|
|NET BOOK VALUE||||
|At 31 March 2021|1,430|95,334|1,004,004|
|At 31 March 2020|4,290|128,517|381,605|
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|FIXEDASSET INVESTMENTS|||
|---|---|---|
||Shares|in|
||group||
||undertakings||
||E||
|MARKET VALUE|||
|At 1 April 2020 and 31 March 2021|||
|NET BOOK VALUE|||
|At 31 March 2021||1|
|At 31 March 2020||1|
##
||Class ofshare:|Class ofshare:|Class ofshare:|holding|||
|---|---|---|---|---|---|---|
||Ordinary|||100|||
||||||31.3.21|31.3,20|
||Aggregate|capital and reserves||||1|
|13.|STOCKS||||||
||||||31.3.21|31,3.20|
||||||E||
||Stocks||||1,046|8,166|
|14.|DEBTORS||||||
||||||31,3.21|31,3.20|
||Amounts|falling due within one year;|||||
||Trade debtors||||134,707|259,694|
||Amounts|owed by group undertakings|||750|750|
||Other debtors||||8,455|829|
||Prepayments||and accrued income||426,731|416,314|
||||||570,643|677,587|
##
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|14.|DEBTORS - continued|||||
|---|---|---|---|---|---|
|||||31.3,21|31.3.20|
||Amounts
falling due after more than one year:|||||
||Other debtors|||58,050|58,050|
||Aggregate
amounts|||628,683|735,637|
|15.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||
|||||31,3,21|31,3,20|
||Trade creditors|||498,982|339,181|
||Social security and other taxes|||97,042|117,305|
||Other creditors|||133,984|27,445|
||Accruals and deferred|income||303,522|254,285|
|||||1,033,530|738,216|
|16.|CREDITORS: AMOUNTS||FALLING DUE AFTER MORE THAN ONE YEAR|||
|||||31,3.21|31.3.20|
|||||E|E|
||Other loans (see note|17)||500,000||
##
##
##
||31.3,21|31,3,20|
|---|---|---|
||E|E|
|Within one year|126.332|101,189|
|Between one and five years|109,502|159,241|
||235,834|260,430|
##
|MOVEMENT
IN FU|NDS||||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.4,20|in funds|funds|31.3.21|
|||||E|F||
|Unrestricted
funds|||||||
|General
fund|||314,866|(987,686)|763,523|90,703|
|Insurance
& Risk Management|||10,000||(10,000)||
|Information
Technology|||67,250||(67,250)||
|Buildings,
Plant 8 Equipment|||236,819||(236,819)||
|Community
Fund|||3,000||(3,000)||
|Development
Fund|||538,143||(538,143)||
|FRS 102
Pension|Adjustment||||||
|Un-restricted|||~729,000)|~1,388,000)||~2,117,000)|
||||441,078|(2,375,686)|(91,689)|(2,026,297)|
|Restricted funds|||||||
|Ancient
History Centre|||39,286|(7,857)||31,429|
|Newhaven
Fort Recovery||||726,833|91,689|818,522|
|Big Lottery
Tackling
Inequalities|Fund|||92,613
5,000||92,613
5,000|
|Summer
Events Programme||||8,500||8,500|
|Adult Social Care Infection||Control Fund|||||
|National
Leisure Recovery||Fund||236,642||236,642|
||||39,286|1,061,731|91,689|1,192,706|
|TOTAL FUNDS|||480,364|~1,313,955)||~833,591)|
##
##
||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|irt funds|
||||E|F|||
|Unrestricted
funds|||||||
|General
fund|||1,744,545|(2,732,231)||(987,686)|
|FRS 102
Pension Adjustment|||||||
|Un-restricted||||~200,000)|~1,188,000)|~1,388,000)|
||||1,744,545|(2,932,231)|(1,188,000)|(2,375,686)|
|Restricted funds|||||||
|Ancient
History Centre||||(7,857)||(7,857)|
|Heritage
Cultural
Recovery Fund
Big Lottery Fund|||850,000
92,613|(123,167)||726,833
92,613|
|Job Retention
Scheme|||1,878,882|(1,878,882)|||
|Tackling
Inequalities
Fund
Summer
Events Programme|||5,000
8,500|||5,000
8,500|
|Adult Social Care Infection Control Fund|||9,960|(9,960)|||
|National
Leisure Recovery Fund|||236,642|||236,642|
||||3,081,597|~2,019,866)||1,061,731|
|TOTAL FUNDS|||4,826, 142|~4,952,097)|~1,188,000)|~1,313,955)|
|Comparatives
for|movement|in funds|||||
||||||Net||
||||||movement|At|
|||||At 1.4,19|in funds|31,3.20|
|Unrestricted
funds|||||||
|General
fund||||652,279|(337,413)|314,866|
|Insurance
8 Risk Management||||10,000||10,000|
|Information
Technology
Buildings,
Plant & Equipment
Community
Fund||||67,250
236,819
3,000||67,250
236,819
3,000|
|Development
Fund||||538,143||538,143|
|FRS 102
Pension|Adjustment||||||
|Un-restricted||||(1,985,000)|1,256,000|)729,000)|
|||||(477,509)|918,587|441,078|
|Restricted funds|||||||
|Ancient
History Centre||||45,338|(6,052)|39,286|
|TOTAL FUNDS||||~432,171)|912,535|480,364|
##
##
##
##
##
##
##
##
##
##
##
##
||||||||Defined|benefit|
|---|---|---|---|---|---|---|---|---|
||||||||pension|plans|
||||||||31,3,21|31.3,20|
||||||||E|E|
|Current service cost|||||||161,000|280,000|
|Net interest
from|net defined||benefit||||||
|asset/liability|||||||17,000|50,000|
|Admin cost|||||||10,000||
|Past service cost|||||||25,000|20,000|
||||||||213,000|350,000|
|Actual return
on plan assets|||||||191,000|221,000|
|Changes
in the present||value|ofthe defined||benefit obligation|are as follows;|||
||||||||Defined|benefit|
||||||||pension|plans|
||||||||31.3.21|31,3.20|
||||||||E|E|
|Opening
defined|benefit|obligation|||||9,062,000|11,146,000|
|Current service cost|||||||161,000|280,000|
|Past service cost|||||||25,000|20,000|
|Contributions
by|scheme participants||||||37,000|46,000|
|Interest cost|||||||208,000|271,000|
|Benefits paid|||||||(127,000)|(116,000)|
|Remeasurements:|||||||||
|Actuarial
(gains)/losses||from|changes|in|||||
|demographic
assumptions|||||||(147,000)|(313,000)|
|Actuarial
(gains)/losses||from|changes|in|||||
|financial
assumptions
Oblig other remeasurement|||||||3,020,000
(1,430,000)
~106,000) ~842,000)||
||||||||12,133,000|9,062,000|
##
##
||||Defined|benefit|
|---|---|---|---|---|
||||pension|plans|
||||31.3.21|31.3.20|
|Opening
fair|value ofscheme assets||8,333,000|9,161,000|
|Contributions|by employer||13,000|61,000|
|Contributions|by scheme participants||37,000|46,000|
|Expected return|||191,000|221,000|
|Benefits paid|||(127,000)|(116,000)|
|Assets no descr|||(10,000)||
|Return
on plan assets (excluding
income)||interest|1,579,000 ~1,040,000)||
||||10,016,000|8,333,000|
|||||||Defined|benefit|
|---|---|---|---|---|---|---|---|
|||||||pension|plans|
|||||||31.3.21|31.3,20|
|||||||E||
|Actuarial|(gains)/losses||from changes||in|||
|demographic||assumptions||||147,000|313,000|
|Actuarial|(gains)/losses||from changes||in|||
|financial|assumptions|||||(3,020,000)|1,430,000|
|Oblig other||remeasurement||||106,000|842,000|
|Return on plan assets|||(excluding|interest||||
|income)||||||1,579,000|~1,040,000)|
|||||||~1,188,00D)|1,545,000|
||Defined|benefit|
|---|---|---|
||pension|plans|
||31.3.21|31,3,20|
|Equities|75%|71%|
|Bonds|15%|17%|
|Property|8%|10%|
|Cash|2%|2%|
||100%|100%|
##
##
##
##
|Sensitivity
Analysis|Sensitivity
Analysis|||||
|---|---|---|---|---|---|
|Changes
in assumptions
at 31 March||Approx% Increase to||Approximate|Monetary|
|2021||Employer|Liability|Amount
(F000)||
|0,5%decrease|in Real Discount Rate||12.00%||1,108,000|
|0,5%increase|in Salary Increase Rate||1.50%||87,000|
|0.5%increase|in the Pension Increase Rate||11,00%||1,016,000|
##
##
##
##