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2021-03-31-accounts
| CONTENTS |
PAGE |
| Welcomefromthe ChiefExecutive |
3 |
| Trustees' Annual Report |
4 |
| IndependentAuditor's report tothe members |
15 |
| Consolidated StatementofFinancial Activities |
18 |
| Group and Charity Balance Sheets |
19 |
| Consolidated StatementofCash Flows |
21 |
| Notestothefinancial statements |
22 |
| REFERENCE AND ADMINISTRATION DETAILS forthe year ended 31 March 2021 |
REFERENCE AND ADMINISTRATION DETAILS forthe year ended 31 March 2021 |
REFERENCE AND ADMINISTRATION DETAILS forthe year ended 31 March 2021 |
| Trustees & Directors |
Sarah Howard MBE (Chair) |
|
|
David Howells (Vice Chair) |
|
|
Simon Burton |
|
|
TerryClements (resigned 28 September 2020) |
|
|
Anne Greenfield (resigned 28 May 2021) |
|
|
Marie Mills |
|
|
TimothyMutum |
|
|
John Turnbull |
|
|
Sir RobertWales |
|
|
LoisWreathall (resigned 1 February 2021) |
|
|
David Wright |
|
| Chief Executive |
Warren Smyth |
|
| Company Secretary |
Lynda Pope FCCA |
|
| Registered Office |
Abbeycroft Leisure |
|
|
Haverhill Leisure Centre |
|
|
Ehringshausen Way |
|
|
Haverhill |
|
|
Suffolk |
|
|
CB9 OER |
|
| Auditors |
RSM UK Audit LLP |
|
|
Blenheim House |
|
|
Newmarket Road |
|
|
Bury St Edmunds |
|
|
Suffolk |
|
|
IP33 3SB |
|
| Bankers |
National Westminster Bank PLC |
Lloyds Bank |
|
7 Cornhill |
30 Market Hill |
|
BurySt Edmunds |
Sudbury |
|
Suffolk |
COlO 2EL |
|
IP33 lAX |
|
| Solicitors |
Winckworth Sherwood |
Ashtons Legal |
|
Minerva House |
Fornham Business Court |
|
5 Montague Close |
The Log Barn |
|
London |
Fornham StMartin |
|
SEl 9BB |
IP311SL |
| Senior Managers |
|
|
| The Leadership Team consists of |
|
|
| the following posts: |
|
|
| Chief Executive |
Warren Smyth |
|
| Strategic Director |
Karen Points |
|
| Finance Director |
Lynda Pope FCCA |
|
| Operations Director |
Tracey Loynds |
|
| Operations Director |
Alison Blackwell |
|
| Risk Category |
Risk Description |
Relevant Principal Risk |
| Liquidity |
Significantlyreducedtrading and periods oflockdown over 2020/21 |
Liquidity& Funding |
|
and 2021/22 impactthe organisation'sabilityto hold sufficientcash |
|
|
reservesto meet its obligations andthreaten ongoing viability. |
|
|
Funding streamsand businessrecoverysince opening are positively |
|
|
impactingontheorganisation's cash reservesenabling itto meetits |
|
|
obligations and secure its ongoing viability. |
|
| Local Authority |
Our business is dependenton a range ofstakeholder relations;the |
Stakeholder/Council |
| Contracts/ |
mostsignificant being our local Authority Partners. The continued |
Relations |
| Partnerships and |
financial support of our Local Authority Partners is critical to the |
|
| investments |
performance ofour operations. |
|
| Strategy |
An inabilityto define and successfully implementa revised strategy |
Multiple risk implications |
| re-alignment |
to rapidlyrespondto a postCovid world andthe associated change |
|
|
in customer behavioursto securefinancial recovery and viabilityof |
|
|
Abbeycroft. |
|
|
The business strategy has recentlybeen reviewed and implantation |
|
|
is being closely monitored. |
|
| Post Pandemic |
An inabilityto successfully respondtothe ending of lockdown and |
Multiple risk implications |
| recovery |
social distancing triggering operational challenges, inefficiencies |
|
|
and potential for lostrevenue and increased costs. |
|
|
Note |
Restricted |
Unrestricted |
Total |
Total |
|
|
Funds |
Funds |
2021 |
2020 |
|
|
|
|
|
(note 27) |
|
|
£ |
£ |
£ |
£ |
| Income from: |
|
|
|
|
|
| Donations, grants and legacies |
4 |
253,271 |
334,734 |
588,005 |
150,269 |
| Charitable activities |
5 |
|
2,545,610 |
2,545,610 |
9,761,625 |
| Othertrading activities |
6 |
|
107,085 |
107,085 |
1,211,996 |
| Other Income |
7 |
|
2,785,757 |
2,785,757 |
|
| Investments |
8 |
|
848 |
848 |
6,140 |
| Total |
|
253,271 |
5,774,034 |
6,027,305 |
11,130,030 |
| Expenditure on: |
|
|
|
|
|
| Raising funds |
9 |
(3,500) |
(312,295) |
(315,795) |
(981,754) |
| Charitable activities |
10 |
(483,601) |
(6,868,105) |
(7,351,706) |
(11,225,895) |
| Total |
|
(487,101) |
(7,180,400} |
(7,667,501) |
(12,207,649) |
| Net expenditure |
11 |
(233,830) |
(1,406,366) |
(1,640,196) |
(1,077,619) |
| Transfers between funds |
|
29,000 |
(29,000) |
|
|
| Actuarial gains/(losses) on defined |
|
|
|
|
|
| benefit pension scheme |
14 |
|
(3,153,000) |
(3,153,000) |
1,707,000 |
| Net movement in funds |
|
(204,830) |
(4,588,366) |
(4,793,196) |
629,381 |
| Reconciliation of funds |
|
|
|
|
|
| Total funds brought forward |
|
421,133 |
790,884 |
1,212,017 |
582,636 |
| Total funds carried forward |
23 |
216,303 |
(3,797,482) |
(3,581,179) |
1,212,017 |
|
|
Group |
Group |
Charity |
Charity |
|
|
2021 |
2020 |
2021 |
2020 |
|
Note |
£ |
£ |
£ |
£ |
| Fixed Assets |
|
|
|
|
|
| Intangible assets |
16 |
3,287 |
7,809 |
3,287 |
7,809 |
| Tangible assets |
17 |
992,011 |
1,289,515 |
992,011 |
1,289,515 |
| Investments |
18 |
|
|
100 |
100 |
| Total fixed assets |
|
995,298 |
1,297,324 |
995,398 |
1,297,424 |
| Current Assets |
|
|
|
|
|
| Stock |
19 |
8,731 |
14,211 |
7,081 |
14,211 |
| Debtors |
20 |
552,113 |
348,875 |
556,760 |
354,632 |
| Cash atbankand in |
|
1,054,188 |
2,189,705 |
1,018,741 |
2,084,487 |
| hand |
|
|
|
|
|
| Total current assets |
|
1,615,032 |
2,552,791 |
1,582,582 |
2,453,330 |
| Liabilities |
|
|
|
|
|
| Creditorsfalling due |
21 |
(1,229,509) |
(1,016,098) |
(1,222,787) |
(987,881) |
| within oneyear |
|
|
|
|
|
| Net current assets |
|
385,523 |
1,536,693 |
359,795 |
1,465,449 |
| Total assets less |
|
1,380,821 |
2,834,017 |
1,355,193 |
2,762,869 |
| liabilities |
|
|
|
|
|
| Defined benefit |
14 |
(4,962,000) |
(1,622,000) |
(4,962,000) |
(1,622,000) |
| pension scheme |
|
|
|
|
|
| liabilities |
|
|
|
|
|
| Total net liabilities |
|
(3,581,179) |
1,212,017 |
(3,606,807) |
1,140,869 |
|
|
Group |
Group |
Charity |
Charity |
|
|
2021 |
2020 |
2021 |
2020 |
|
Note |
£ |
£ |
£ |
£ |
| The funds of the |
23 |
|
|
|
|
| group/charity: |
|
|
|
|
|
| Restrictedfunds |
|
216,303 |
421,133 |
216,303 |
421,133 |
| Unrestrictedfunds: |
|
|
|
|
|
| Generalfund |
|
1,014,518 |
1,140,838 |
988,790 |
1,069,590 |
| Designatedfund |
|
150,000 |
1,272,046 |
150,100 |
1,272,146 |
|
|
1,164,518 |
2,412,884 |
1,138,890 |
2,341,736 |
| Pension reserve |
|
(4,962,000) |
(1,622,000) |
(4,962,000) |
(1,622,000) |
| Total unrestricted |
|
(3,797,482) |
790,884 |
(3,823,110) |
719,736 |
| funds |
|
|
|
|
|
| Total funds |
|
(3,581,179) |
1,212,017 |
(3,606,807) |
1,140,869 |
|
|
Group |
Group |
|
|
2021 |
2020 |
|
Note |
£ |
£ |
| Netcash provided byoperating activities |
28 |
(1,022,859) |
119,880 |
| Cash flows from investing activities: |
|
|
|
| Interestincome |
|
848 |
6,140 |
| Purchase ofintangible assets |
|
|
(5,100) |
| Purchase oftangiblefixed assets |
|
(91,068) |
(240,436) |
| Proceeds on sale offixed asset |
|
(22,438) |
|
| Netcash used in investing activities |
|
(112,658) |
(239,396) |
| Cash flows from financing activities: |
|
|
|
| Change in cash and cash equivalents inthe year |
|
(1,135,517) |
(119,516) |
| Cash and cash equivalents broughtforward |
|
2,189,705 |
2,309,221 |
| Cash and cash equivalents carriedforward |
|
1,054,188 |
2,189,705 |
| Relating to: |
|
|
|
| Bankbalances and short-term deposits included in |
|
1,054,188 |
2,189,705 |
| cash atbankand in hand |
|
|
|
|
|
2021 |
2020 |
|
|
£ |
£ |
| Managementfee |
receivable |
672,049 |
262,321 |
| Income |
|
759,282 |
40,497 |
| Purchases |
|
201,233 |
136,848 |
|
|
2021 |
2020 |
|
|
£ |
£ |
| Managementfee |
receivable |
592,814 |
279,648 |
| Income |
|
289,995 |
40,973 |
| Purchases |
|
2,786 |
3,279 |
4)
Donations and grants |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Grants |
588,005 |
150,259 |
|
588,005 |
150,269 |
5)
Charitable activities |
|
|
|
2021 |
2020 |
|
£ |
£ |
| Operation ofleisurefacilities |
1,390,840 |
8,923,616 |
| Local authority managementfee |
1,054,053 |
594,162 |
| Sports development |
33,491 |
97,152 |
| Other income |
67,226 |
146,695 |
|
2,545,610 |
9,761,625 |
|
2021 |
2020 |
|
£ |
£ |
| Catering |
3,464 |
739,948 |
| Soft Play Income |
4,866 |
119,258 |
| Other Income |
98,755 |
352,790 |
|
107,085 |
1,211,996 |
|
|
2021 |
2020 |
|
|
£ |
£ |
|
Turnover |
16,007 |
891,641 |
|
Costofsales |
(197,532) |
(801,659) |
|
Gross profit |
(181,525) |
89,982 |
|
Distribution costs |
|
|
|
Administrative expenses |
(27,815) |
(26,491) |
|
Other operating income |
170,265 |
6,495 |
|
Operating Profit |
(39,075) |
69,986 |
|
Taxation |
(6,444) |
|
|
Profit for the year |
(45,519) |
69,986 |
|
Total assets |
52,866 |
109,780 |
|
Total liabilities |
(27,137) |
(38,533) |
|
Aggregate capital and reserves |
25,729 |
71,248 |
| 7) |
Other Income |
|
|
|
|
2021 |
2020 |
|
|
£ |
£ |
| ORS Furlough Grants |
|
2,144,604 |
|
| Other COVID Business Grants |
|
641,153 |
|
|
|
2,785,757 |
|
| 8) |
Investments |
|
|
|
|
2021 |
2020 |
|
|
£ |
£ |
| Bank interest |
|
848 |
6,140 |
|
|
848 |
6,140 |
| 9) |
Raising funds |
|
|
|
|
2021 |
2020 |
|
|
£ |
£ |
| Directcosts |
|
228,710 |
882,609 |
| Supportcosts |
|
82,389 |
91,980 |
| Governance costs |
|
4,696 |
7,165 |
|
|
315,795 |
981,754 |
10)
Charitable activities |
|
|
|
|
|
|
Direct |
Support costs |
Governance |
Total |
Total |
|
costs |
|
costs |
2021 |
2020 |
|
£ |
£ |
£ |
£ |
£ |
| Operation ofleisure facilities |
5,512,252 |
1,231,976 |
|
6,744,288 |
10,621,726 |
| Sports development |
264,739 |
66,886 |
|
331,625 |
276,559 |
| Other costs |
162,348 |
61,177 |
52,328 |
275,853 |
327,610 |
|
5,939,339 |
1,360,039 |
52,328 |
7,351,706 |
11,225,895 |
1)
Net expenditure for the year |
|
|
|
2021 |
2020 |
|
£ |
£ |
| This is stated after charging/(crediting): |
|
|
| Profit on disposal offixed assets |
(32,150) |
|
| CJRS Grants received |
(2,144,604) |
(32,189) |
| Other COVID ReliefGrants received |
(641,153) |
|
| Operating leases- land & buildings |
57,460 |
82,460 |
| Operating leases-equipment |
27,022 |
37,648 |
| Depreciation |
378,859 |
415,380 |
| Amortisation |
4,521 |
8,240 |
| Auditors remuneration- statutoryauditofgroup and charity |
23,250 |
18,495 |
| Auditors remuneration-statutoryauditofsubsidiary |
3,150 |
3,150 |
| Auditors remuneration-taxadvisoryservices |
1,830 |
11,241 |
| Auditors remuneration- accountancyservices |
|
1,925 |
| Auditors remuneration- internal audit |
|
7,000 |
| Auditors remuneration- restructure advice |
7,400 |
|
| Auditors remuneration- other services |
45 |
5,212 |
|
Basis of allocation |
2021 |
2020 |
|
|
£ |
£ |
| Human Resources & Payroll |
Headcount |
164,026 |
160,389 |
| Information Technology |
Users |
250,628 |
274,387 |
| Financial activities |
Turnover |
420,761 |
842,770 |
| Marketing |
Turnover |
205,559 |
258,024 |
| Management |
Turnover |
308,177 |
380,043 |
| Insurance |
Turnover |
85,022 |
104,510 |
|
|
1,434,173 |
2,020,122 |
|
2021 |
2020 |
|
£ |
£ |
| Salaries and wages |
4,141,656 |
5,819,679 |
| Social securitycosts |
217,917 |
325,540 |
| CurrentService Costs |
404,000 |
700,000 |
| Other Pension costs |
48,067 |
62,400 |
|
4,811,640 |
6,907,619 |
| yearwas asfollows: |
|
|
|
2021 |
2020 |
|
Number |
Number |
| Frontofhouse leisure centre staff |
421 |
594 |
| Finance & administration |
12 |
13 |
| Managementteam |
5 |
5 |
|
438 |
612 |
|
2021 |
2020 |
|
% |
% |
| Future pension increases |
2.8 |
1.8 |
| Future salary increases |
3.5 |
2.5 |
| Discountrate |
2.05 |
2.3 |
| 31 March 2021 |
Male |
Female |
Female |
| Currentpensioners |
22.1 years |
24.5 years |
|
| Future pensioners |
23.2 years |
26.4years |
|
| 31 March 2020 |
Male |
Female |
|
| Currentpensioners |
21.9 years |
24.1 |
years |
| Future pensioners |
22.7 years |
25.6 |
years |
| Analysis ofamount charged to the Statement ofFinancial Activities |
2021 |
|
2020 |
|
£'000 |
|
£'000 |
| Currentservice cost |
343 |
|
593 |
| Interestexpense |
41 |
|
70 |
|
384 |
|
663 |
| Changes in the present value ofthe defined benefit obligation: |
2021 |
|
2020 |
|
£'000 |
£'000 |
|
| Defined benefitobligation at 1 April |
(8,562) |
(9,482) |
|
| Currentservice cost |
(343) |
|
(593) |
| Interestexpense |
(200) |
|
(245) |
| Contributions byscheme participant |
(66) |
|
(90) |
| Actuarial (gains)/losses |
(3,666) |
1,755 |
|
| Benefits paid |
102 |
|
93 |
| Defined benefit obligation at31 March |
(12,735) |
(8,562) |
|
| Changes in the fair value ofplan assets: |
2021 |
|
2020 |
|
£'000 |
£'000 |
|
| Plan assets at 1 April |
6,843 |
|
6,851 |
| Interestincome |
159 |
|
175 |
| Return on plan assets (excluding net interestonthe netdefined benefit |
|
|
|
| obligation) |
1,259 |
|
(470) |
| Contributions byemployer |
222 |
|
290 |
| Contributions byscheme participant |
66 |
|
90 |
| Benefits paid |
(102) |
|
(93) |
| Plan assets at31 March |
8,447 |
|
6,843 |
| The return on assets including amounts in netinterestwas (£1,418k) (2020: |
£295k). |
|
|
| The analysis ofscheme assetsat the reporting date were asfollows: |
2021 |
2020 |
|
|
% |
% |
|
| Equities |
66 |
58 |
|
| Bonds |
25 |
30 |
|
| Property |
8 |
10 |
|
| Cash |
1 |
2 |
|
|
2021 |
2020 |
|
% |
% |
| Future pension increases |
2.8 |
1.8 |
| Future salary increases |
3.5 |
2.5 |
| Discountrate |
2.05 |
2.3 |
| Demographic assumptions- mortality |
|
|
| 31 March 2021 |
Male |
Female |
| Currentpensioners |
21.9 years |
24.5 years |
| Future pensioners |
23.2 years |
26.4years |
| 31 March 2020 |
Male |
Female |
| Currentpensioners |
21.9 years |
24.1 years |
| Future pensioners |
22.7 years |
25.6 years |
| Analysis ofamount charged to the Statement ofFinancial Activities |
2021 |
2020 |
|
£'000 |
£'000 |
| Currentservice cost |
56 |
82 |
|
56 |
82 |
| Changes in the present value ofthe defined benefit obligation: |
2021 |
2020 |
|
£'000 |
£'000 |
| Defined benefitobligation at 1 April |
(3,747) |
(4,272) |
| Currentservice cost |
(56) |
(82) |
| Interestexpense |
(86) |
(108) |
| Contributions byscheme participant |
(10) |
(12) |
| Actuarial losses/(gains) |
(1,368) |
689 |
| Benefits paid |
39 |
38 |
| Defined benefit obligation at31 March |
(5,228) |
(3,747) |
| Changes in the fair value ofplan assets: |
2021 |
2020 |
|
£'000 |
£'000 |
| Plan assets at 1 April |
3,875 |
4,062 |
| Interest income |
89 |
102 |
| Return on plan assets (excluding amount included in netinterestonthe net |
|
|
| defined benefit obligation) |
704 |
(301) |
| Contributions byemployer |
31 |
38 |
| Contributions byscheme participant |
10 |
12 |
| Benefits paid |
(39) |
(38) |
| Plan assets at31 March |
4,670 |
3,875 |
| The analysis ofscheme assetsatthe reporting datewere asfollows: |
2021 |
2020 |
|
% |
% |
| Equities |
66 |
58 |
| Bonds |
25 |
30 |
| Property |
8 |
10 |
| Cash |
1 |
2 |
| majorfinancial assumptions used bythe actuarywere: |
|
|
|
2021 |
2020 |
|
% |
% |
| Future pension increases |
2.8 |
1.8 |
| Future salary increases |
3.5 |
2.5 |
| Discountrate |
2.05 |
2.3 |
| ographic assumptions - mortality |
|
|
| 31 March 2021 |
Male |
Female |
| Current pensioners |
22.1 years |
24.5years |
| Future pensioners |
23.2 years |
26.4years |
| 31 March 2020 |
Male |
Female |
| Currentpensioners |
21.9 years |
24.1 years |
| Future pensioners |
22.7 years |
25.6years |
| Analysis ofamount charged to the Statement ofFinancial Activities |
2021 |
2020 |
|
£'000 |
£'000 |
| Currentservice cost |
5 |
25 |
| Interestexpense |
(1) |
(1) |
|
4 |
24 |
|
Changes in the present yglue ofthe defined benefit obligation; |
2021 |
2020 |
|
|
£'000 |
£'000 |
|
Defined benefit obligation at 1 April |
(293) |
(328) |
|
Currentservice cost |
(5) |
(25) |
|
Interestexpense |
(7) |
(8) |
|
Contributions byscheme participant |
(1) |
(3) |
|
Actuarial losses/(gains) |
(130) |
67 |
|
Benefits paid |
2 |
4 |
|
Defined benefit obligation at31 March |
(434) |
(293) |
|
Changes in the fair yalue ofplan assets; |
2021 |
2020 |
|
|
£'000 |
£'000 |
|
Plan assets at 1 April |
262 |
277 |
|
Interest income |
6 |
7 |
|
Return on plan assets (excluding amount included in netinterestonthe net |
|
|
|
defined benefit obligation) |
48 |
(33) |
|
Contributions byemployer |
3 |
12 |
|
Contributions byscheme participant |
1 |
3 |
|
Benefits paid |
(2) |
(4) |
|
Plan assets at31 March |
318 |
262 |
| The |
return on assets including amounts in net interestwas (£54k) (2020: £26k). |
|
|
|
The analysis ofscheme assets atthe reporting datewere asfollows: |
2021 |
2020 |
|
|
% |
% |
|
Equities |
66 |
58 |
|
Bonds |
25 |
30 |
|
Property |
8 |
10 |
|
Cash |
1 |
2 |
|
SEBC |
SEBC |
FHDC |
FHDC |
BAB |
BAB |
TOTAL |
TOTAL |
| Movement in deficit during the year |
2021 |
2020 |
2021 |
2020 |
2021 |
2020 |
2021 |
2020 |
|
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
£'000 |
| Deficitatthe beginning ofthe year |
(1,719) |
(2,631) |
128 |
(210) |
(31) |
(51) |
(1,622) |
(2,892) |
| CurrentService Cost |
(343) |
(593) |
(56) |
(82) |
(5) |
(25) |
(404) |
(700) |
| Interestexpense |
(200) |
(245) |
(86) |
(108) |
(7) |
(8) |
(293) |
(361) |
| Employer Contributions |
222 |
290 |
31 |
38 |
3 |
12 |
256 |
340 |
| Interestincome |
159 |
175 |
89 |
102 |
6 |
7 |
254 |
284 |
| Netactuarial (losses)/gains |
(2,407) |
1,285 |
(664) |
388 |
(82) |
34 |
(3,153) |
1,707 |
| (Deficit)/surplus at the end oftheyear |
(4,288) |
(1,719) |
(558) |
128 |
(116) |
(31) |
(4,962) |
(1,622) |
6)
Intangible assets (Group and Charity) |
|
|
|
|
Goodwill |
Software |
Total |
|
£ |
£ |
£ |
| Cost: |
|
|
|
| As at 1 April 2020 |
22,966 |
22,374 |
45,340 |
| Additions |
|
|
|
| As at 31 March 2021 |
22,966 |
22,374 |
45,340 |
| Amortisation: |
|
|
|
| As at 1 April 2020 |
22,966 |
14,565 |
37,531 |
| Charge forthe year |
|
4,521 |
4,521 |
| As at 31 March 2021 |
22,966 |
19,086 |
42,052 |
| Net book value |
|
|
|
| As at 31 March 2021 |
|
3,287 |
3,287 |
| As at 31 March 2020 |
|
7,809 |
7,809 |
|
Long-term |
Plant, furniture |
|
|
|
Leasehold |
& office |
Sports |
|
|
Improvements |
equipment |
Equipment |
Total |
|
£ |
£ |
£ |
£ |
| Cost: |
|
|
|
|
| As at 1 April 2020 |
730,333 |
1,244,927 |
2,093,922 |
4,069,182 |
| Additions |
|
37,685 |
53,383 |
91,068 |
| Disposals |
(293,327) |
(6,612) |
(377,916) |
(677,855) |
| As at 31 March 2021 |
437,006 |
1,276,000 |
1,769,389 |
3,482,395 |
| Depreciation: |
|
|
|
|
| As at 1 April 2020 |
551,391 |
863,160 |
1,365,116 |
2,779,667 |
| Charge for the year |
42,589 |
137,289 |
198,982 |
378,859 |
| Disposals |
(292,988) |
(6,612) |
(368,543) |
(668,143) |
| As at 31 March 2021 |
300,992 |
993,837 |
1,195,555 |
2,490,384 |
| Net book value |
|
|
|
|
| As at 31 March 2021 |
136,014 |
282,163 |
573,833 |
992,011 |
| As at 31 March 2020 |
178,942 |
381,767 |
728,806 |
1,289,515 |
|
Abbeycroft Leisure purchased 100 ordinary shares in Abbeycroft Enterprises |
Abbeycroft Leisure purchased 100 ordinary shares in Abbeycroft Enterprises |
Ltd (company |
number 10591490) on 22 |
number 10591490) on 22 |
|
February 2018 in cash. |
|
|
|
|
| 19) |
Stocks |
Group |
|
|
Charity |
|
|
2021 |
2020 |
2021 |
2020 |
|
|
£ |
£ |
£ |
£ |
|
Bar and café |
1,899 |
|
249 |
|
|
Sports equipment |
2,080 |
3,929 |
2,080 |
3,929 |
|
Badges and certificates |
4,752 |
10,282 |
4,752 |
10,282 |
|
|
8,731 |
14,211 |
7,081 |
14,211 |
| 20) |
Debtors |
|
Group |
|
Charity |
|
|
2021 |
2020 |
2021 |
2020 |
|
|
£ |
£ |
£ |
£ |
|
Trade debtors |
170,870 |
230,698 |
168,980 |
230,131 |
|
Prepayments and accrued income |
342,245 |
111,581 |
335,257 |
107,587 |
|
Other debtors |
38,998 |
6,596 |
32,108 |
6,596 |
|
Amounts owed bygroup undertakings |
|
|
20,415 |
10,318 |
|
|
552,113 |
348,875 |
556,760 |
354,632 |
| 21) |
Creditors: amounts falling due within one year |
|
Group |
|
Charity |
|
|
2021 |
2020 |
2021 |
2020 |
|
|
£ |
£ |
£ |
£ |
|
Trade creditors |
315,088 |
291,650 |
311,875 |
286,539 |
|
Accruals |
319,807 |
213,099 |
317,246 |
209,949 |
|
Other creditors |
58,270 |
76,310 |
58,180 |
75,676 |
|
Othertaxes and social security |
42,714 |
76,617 |
41,856 |
57,295 |
|
Deferred income (see note 22) |
493,630 |
358,422 |
493,630 |
358,422 |
|
|
1,229,509 |
1,016,098 |
1,222,787 |
987,881 |
|
|
2021 |
2020 |
|
|
£ |
£ |
| Balance |
as at 1 April |
358,422 |
236,381 |
| Amount |
releasedto income |
(358,422) |
(236,381) |
| Amount |
deferred in year |
493,630 |
358,422 |
| Balance |
as at31 March |
493,630 |
358,422 |
|
|
|
|
|
Transfer |
Balance at |
| Group |
Balance at 1 |
|
|
Actuarial |
between |
31 March |
|
April 2020 |
Income |
Expenditure |
gain |
funds |
2021 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| General fund |
1,140,838 |
5,774,034 |
(6,993,400) |
|
1,093,046 |
1,014,518 |
| Pension reserve |
(1,622,000) |
|
(187,000) |
(3,153,000) |
|
(4,962,000) |
| Designated Funds |
|
|
|
|
|
|
| Other assets |
1,073,148 |
|
|
|
(1,073,148) |
|
| Capital Fund |
|
|
|
|
150,000 |
150,000 |
| Strategic Investment |
198,898 |
|
|
|
(198,898) |
|
| Subtotal Unrestricted Funds |
790,884 |
5,774,034 |
(7,180,400) |
(3,153,000) |
(29,000) |
(3,797,482) |
| Restricted Fund |
|
|
|
|
|
|
| Stand Tall Project |
28,574 |
|
(18,362) |
|
|
10,212 |
| Make Your Move |
11,633 |
|
|
|
|
11,633 |
| Gym Equipment Newmarket |
132,953 |
|
(132,953) |
|
|
|
| Gym EquipmentSkyliner |
91,221 |
|
(91,221) |
|
|
|
| Exercise on Referral |
16,500 |
|
|
|
|
16,500 |
| Lloyds Bank Bond |
81,000 |
|
|
|
29,000 |
110,000 |
| Active Mums Project |
9,079 |
|
(350) |
|
|
8,729 |
| Hadleigh Dementia Alliance |
|
9,152 |
(2,153) |
|
|
6,999 |
| B Weedan Funds |
39,917 |
|
(39,917) |
|
|
|
| Fitand Fed |
|
165,164 |
(141,233) |
|
|
23,931 |
| SuffolkCommunity |
|
50,833 |
(41,119) |
|
|
9,714 |
| Foundation |
|
|
|
|
|
|
| Sport Inequalities Fund |
|
6,212 |
(1,294) |
|
|
4,918 |
| Inspire Cards |
10,257 |
|
|
|
|
10,257 |
| Outdoor Community Program |
|
3,410 |
|
|
|
3,410 |
| Active Schools Program |
|
15,000 |
(15,000) |
|
|
|
| Little Kingfishers |
|
3,500 |
(3,500) |
|
|
|
| Subtotal Funds |
421,133 |
253,271 |
(487,101) |
|
29,000 |
216,303 |
| Total Funds |
1,212,017 |
6,027,305 |
(7,667,501) |
(3,153,000) |
|
(3,581,179) |
| Charity |
|
|
|
|
Transfer |
Balance at |
|
Balance at |
|
|
Actuarial |
between |
31 March |
|
1 April 2020 |
Income |
Expenditure |
gain |
funds |
2021 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| General fund |
1,069,590 |
5,595,882 |
(6,769,728) |
|
1,093,046 |
988,790 |
| Pension reserve |
(1,622,000) |
|
(187,000) |
(3,153,000) |
|
(4,962,000) |
| Designated Funds |
|
|
|
|
|
|
| Other assets |
1,073,248 |
|
|
|
(1,073,148) |
100 |
| Capital Fund |
|
|
|
|
150,000 |
150,000 |
| Strategic Investment |
198,898 |
|
|
|
(198,898) |
|
| Subtotal Unrestricted Funds |
719,736 |
5,595,882 |
(6,956,728) |
(3,153,000) |
(29,000) |
(3,823,110) |
| Restricted Fund |
|
|
|
|
|
|
| Stand Tall Project |
28,574 |
|
(18,362) |
|
|
10,212 |
| Make Your Move |
11,633 |
|
|
|
|
11,633 |
| Gym EquipmentNewmarket |
132,953 |
|
(132,953) |
|
|
|
| Gym EquipmentSkyliner |
91,221 |
|
(91,221) |
|
|
|
| Exercise on Referral |
16,500 |
|
|
|
|
16,500 |
| Lloyds Bank Bond |
81,000 |
|
|
|
29,000 |
110,000 |
| Active Mums Project |
9,079 |
|
(350) |
|
|
8,729 |
| Hadleigh Dementia Alliance |
|
9,152 |
(2,153) |
|
|
6,999 |
| B Weedan Funds |
39,917 |
|
(39,917) |
|
|
|
| Fitand Fed |
|
165,164 |
(141,233) |
|
|
23,931 |
| Suffolk Community |
|
50,833 |
(41,119) |
|
|
9,714 |
| Foundation |
|
|
|
|
|
|
| Sport Inequalities Fund |
|
6,212 |
(1,294) |
|
|
4,918 |
| Inspire Cards |
10,257 |
|
|
|
|
10,257 |
| Outdoor Community Program |
|
3,410 |
|
|
|
3,410 |
| Active Schools Program |
|
15,000 |
(15,000) |
|
|
|
| Subtotal Funds |
421,133 |
249,771 |
(483,601) |
|
29,000 |
216,303 |
| Total |
1,140,869 |
5,845,653 |
(7,440,329) |
(3,153,000) |
|
(3,606,807) |
| Group |
|
|
|
|
|
|
|
|
|
|
Total Funds at |
|
Restricted |
General |
Designated |
Pension |
31 March |
|
Fund |
Fund |
Fund |
Reserve |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Fixed Assets |
|
995,298 |
|
|
995,298 |
| Net Current Assets |
216,303 |
19,220 |
150,000 |
|
385,523 |
| Pension Scheme liability |
|
|
|
(4,962,000) |
(4,962,000) |
| Total |
216,303 |
1,014,518 |
150,000 |
(4,962,000) |
(3,581,179) |
| Charity |
|
|
|
|
|
|
|
|
|
|
Total Funds at |
|
Restricted |
General |
Designated |
Pension |
31 March |
|
Fund |
Fund |
Fund |
Reserve |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Fixed Assets |
|
995,298 |
100 |
|
995,398 |
| Net Current Assets |
216,303 |
(6,508) |
150,000 |
|
359,795 |
| Pension Scheme liability |
|
|
|
(4,962,000) |
(4,962,000) |
| Total |
216,303 |
988,790 |
150,100 |
(4,962,000) |
(3,606,807) |
|
2021 |
2020 |
|
£ |
£ |
| Other operating leases |
|
|
| Within oneyear |
9,289 |
16,502 |
| Within onetotwo years |
2,438 |
9,616 |
| Betweentwo and fiveyears |
2,381 |
851 |
| Total |
14,108 |
26,969 |
| Land and buildings |
|
|
| Within oneyear |
|
33,333 |
| Within onetotwo years |
|
|
| Total |
|
33,333 |
|
2021 |
2020 |
|
£ |
£ |
| Other operating leases |
|
|
| Within one year |
8,483 |
24,416 |
| Within onetotwo years |
2,438 |
10,708 |
| Betweentwo and five years |
2,381 |
851 |
| Total |
13,302 |
35,975 |
| Land and buildings |
|
|
| Within one year |
|
33,333 |
| Within onetotwo years |
|
|
| Total |
|
33,333 |
7)
Comparative SOFA by fund |
|
|
|
|
Restricted |
Unrestricted |
Total |
|
Funds |
Funds |
2020 |
|
£ |
£ |
£ |
| Income from: |
|
|
|
| Donations and grants |
118,079 |
32,190 |
150,269 |
| Charitable activities |
|
9,761,625 |
9,761,625 |
| Othertrading activities |
|
1,211,996 |
1,211,996 |
| Investments |
|
6,140 |
6,140 |
| Total |
118,079 |
11,011,951 |
11,130,030 |
| Expenditure on: |
|
|
|
| Raisingfunds |
(2,500) |
(979,254) |
(981,754) |
| Charitable activities |
(250,917) |
(10,974,978) |
(11,225,895) |
| Total |
(253,417) |
(11,954,232) |
(12,207,649) |
| Net income/(expenditure) |
(135,338) |
(942,281) |
(1,077,619) |
| Grosstransfers inthe year |
2,141 |
(2,141) |
|
| Actuarial gains/(losses) on defined benefitpension |
|
|
|
| scheme |
|
1,707,000 |
1,707,000 |
| Net movement in funds |
(133,197) |
762,578 |
629,381 |
| Reconciliation of funds |
|
|
|
| Totalfunds broughtforward |
554,330 |
28,306 |
582,636 |
| Total funds carried forward |
421,133 |
790,884 |
1,212,017 |
|
|
2021 |
2020 |
|
|
£ |
£ |
| Netincome/(expenditure) |
|
(1,640,196) |
(1,077,619) |
| Depreciation |
|
378,859 |
415,380 |
| Amortisation |
|
4,521 |
8,240 |
| Profiton disposal |
|
32,153 |
|
| Interestincome |
|
(848) |
(6,140) |
| Decrease in stock |
|
5,480 |
37,959 |
| Increase in debtors |
|
(203,237) |
259,784 |
| Increase in creditors |
|
213,409 |
45,276 |
| Defined Benefit Pension Scheme |
|
187,000 |
437,000 |
| Net cash provided by operating activities |
|
(1,022,859) |
119,880 |
29)
Analysis of changes in net funds |
|
|
|
|
2020 |
Cashflow |
2021 |
|
£ |
£ |
£ |
| Cash at bank and in hand |
2,189,705 |
(1,135,517) |
1,054,188 |
|
|
|
|
|
Transfer |
Balance at |
| Group |
Balance at 1 |
|
|
Actuarial |
between |
31 March |
|
April 2019 |
Income |
Expenditure |
gain |
funds |
2020 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| General fund |
1,468,942 |
11,011,951 |
(11,517,232) |
|
177,177 |
1,140,838 |
| Pension reserve |
(2,892,000) |
|
(437,000) |
1,707,000 |
|
(1,622,000) |
| Designated Funds |
|
|
|
|
|
|
| Other assets |
1,184,506 |
|
|
|
(111,358) |
1,073,148 |
| Strategic Investment |
266,858 |
|
|
|
(67,960) |
198,898 |
| Subtotal Unrestricted Funds |
28,306 |
11,011,951 |
(11,954,232) |
1,707,000 |
(2,141) |
790,884 |
| Restricted Fund |
|
|
|
|
|
|
| WestSuffolkTransformation |
9,860 |
|
(9,860) |
|
|
|
| Funded HolidayCamp |
925 |
|
(925) |
|
|
|
| Stand Tall Project |
10,344 |
56,166 |
(37,936) |
|
|
28,574 |
| Make Your Move |
15,512 |
|
(3,879) |
|
|
11,633 |
| Gym Equipment Newmarket |
154,114 |
|
(21,161) |
|
|
132,953 |
| Gym EquipmentSkyliner |
136,787 |
|
(45,566) |
|
|
91,221 |
| Exercise on Referral |
17,000 |
16,500 |
(17,000) |
|
|
16,500 |
| Women on Wheels |
|
696 |
(1,625) |
|
929 |
|
| Run Walk Routes |
821 |
|
(821) |
|
|
|
| Lloyds Bank Bond |
81,000 |
|
|
|
|
81,000 |
| Youth Chill OutNewmarket |
5,118 |
|
(5,079) |
|
(39) |
|
| Youth Chill OutBrandon |
5,025 |
|
(5,164) |
|
138 |
|
| Active Mums Project |
44,222 |
|
(35,143) |
|
|
9,079 |
| BuryGoes Biking |
9,466 |
500 |
(10,814) |
|
848 |
|
| B Weedan Funds |
39,917 |
|
|
|
|
39,917 |
| Hadleigh Dementia |
7,500 |
|
(7,500) |
|
|
|
| Fitand Fed |
|
28,000 |
(28,000) |
|
|
|
| Satellite Club Funding |
9,439 |
|
(9,704) |
|
265 |
|
| Little Kingfishers |
|
2,500 |
(2,500) |
|
|
|
| Inspire Cards |
|
10,257 |
|
|
|
10,257 |
| Other Small Projects |
7,280 |
3,460 |
(10,740) |
|
|
|
| Subtotal Funds |
554,330 |
118,079 |
(253,417) |
|
2,141 |
421,133 |
| Total Funds |
582,636 |
11,130,030 |
(12,207,649) |
1,707,000 |
|
1,212,017 |
| Charity |
|
|
|
|
Transfer |
Balance at |
|
Balance at 1 |
|
|
Actuarial |
between |
31 March |
|
April 2019 |
Income |
Expenditure |
gain |
funds |
2020 |
|
£ |
£ |
£ |
£ |
£ |
£ |
| General fund |
1,423,387 |
10,200,901 |
(10,731,775) |
|
177,077 |
1,069,590 |
| Pension reserve |
(2,892,000) |
|
(437,000) |
1,707,000 |
|
(1,622,000) |
| Designated Funds |
|
|
|
|
|
|
| Other assets |
1,184,506 |
|
|
|
(111,258) |
1,073,248 |
| StrategicInvestment |
266,858 |
|
|
|
(67,960) |
198,898 |
| Subtotal Unrestricted Funds |
(17,249) |
10,200,901 |
(11,168,775) |
1,707,000 |
(2,141) |
719,736 |
| Restricted Fund |
|
|
|
|
|
|
| WestSuffolkTransformation |
9,860 |
|
(9,860) |
|
|
|
| Funded Holiday Camp |
925 |
|
(925) |
|
|
|
| Stand Tall Project |
10,344 |
56,166 |
(37,936) |
|
|
28,574 |
| Make Your Move |
15,512 |
|
(3,879) |
|
|
11,633 |
| Gym EquipmentNewmarket |
154,114 |
|
(21,161) |
|
|
132,953 |
| Gym EquipmentSkyliner |
136,787 |
|
(45,566) |
|
|
91,221 |
| Exercise on Referral |
17,000 |
16,500 |
(17,000) |
|
|
16,500 |
| Women on Wheels |
|
696 |
(1,625) |
|
929 |
|
| Run Walk Routes |
821 |
|
(821) |
|
|
|
| Lloyds Bank Bond |
81,000 |
|
|
|
|
81,000 |
| Youth Chill OutNewmarket |
5,118 |
|
(5,079) |
|
(39) |
|
| Youth Chill Out Brandon |
5,025 |
|
(5,164) |
|
138 |
|
| Active Mums Project |
44,222 |
|
(35,143) |
|
|
9,079 |
| BuryGoes Biking |
9,466 |
500 |
(10,814) |
|
848 |
|
| B Weedan Funds |
39,917 |
|
|
|
|
39,917 |
| Hadleigh Dementia |
7,500 |
|
(7,500) |
|
|
|
| Fitand Fed |
|
28,000 |
(28,000) |
|
|
|
| Satellite Club Funding |
9,439 |
|
(9,704) |
|
265 |
|
| Inspire Cards |
|
10,257 |
|
|
|
10,257 |
| Other Small Projects |
7,280 |
3,460 |
(10,740) |
|
|
|
| Subtotal Funds |
554,330 |
115,579 |
(250,917) |
|
2,141 |
421,133 |
| Total |
537,081 |
10,316,480 |
(11,419,692) |
1,707,000 |
|
1,140,869 |
| Group |
|
|
|
|
|
|
|
|
|
|
Total Fundsat |
|
|
General |
Designated |
Pension |
31March |
|
Restricted Fund |
Fund |
Fund |
Reserve |
2020 |
|
£ |
£ |
£ |
£ |
£ |
| Fixed Assets |
224,174 |
|
1,073,148 |
|
1,297,322 |
| NetCurrentAssets |
196,961 |
1,140,837 |
198,898 |
|
1,536,696 |
| Pension Scheme Liability |
|
|
|
(1,622,000) |
(1,622,000) |
| Total |
421,135 |
1,140,837 |
1,272,047 |
(1,622,000) |
1,212,018 |
| Charity |
|
|
|
|
|
|
|
|
|
|
Total Fundsat |
|
|
General |
Designated |
Pension |
31 March |
|
Restricted Fund |
Fund |
Fund |
Reserve |
2020 |
|
£ |
£ |
£ |
£ |
£ |
| Fixed Assets |
224,174 |
|
1,073,248 |
|
1,297,422 |
| NetCurrentAssets |
196,961 |
1,069,588 |
198,898 |
|
1,465,447 |
| Pension Scheme Liability |
|
|
|
(1,622,000) |
(1,622,000) |
| Total |
421,135 |
1,069,588 |
1,272,147 |
(1,622,000) |
1,140,869 |