| PAGE | |
|---|---|
| SCHEDULE OF ADVISORS | |
| CHAIR'S STATEMENT | |
| TRUSTEES' ANNUAL REPORT AND REPORT OFTHE |
3 ~ 6 |
| DIRECTORS | |
| INDEPENDENT AUDITORS' REPORT | 7' 8 |
| STATEMENT OF FINANCIAL ACTIVITIES | |
| SUMMARY INCOME AND EXPENDITURE | 10 |
| ACCOUNT | |
| BALANCE SHEET | |
| NOTES TO THE FINANCIAL STATEMENTS | I2-17 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Notes | Funds K |
Fllndsf | 2020 f |
2019 | ||
| lacomc nad codon'ments | from | |||||
| Grants | 2,838,713 | 2,838,713 | 1,243,84 1 | |||
| Charitnblc activities |
||||||
| Leisure Centres | 1,688,031 | 1,688,031 | 3,964,682 | |||
| Invcstmcat Income |
781 | |||||
| Total | 15 | 4,526,744 | 4,526,744 | 5,209,304 | ||
| EXPENDITURE ON | ||||||
| Chnritable activities |
||||||
| Cost ofsales | 4 | 30,502 | 30,502 | 86,103 | ||
| Staif related | 5 | 2 813,546 | 7 813,546 | 3,377,061 | ||
| Building related |
6 | 573,736 | 573,736 | 616,428 | ||
| Services | 7 | 55,487 | 55,487 | 97,763 | ||
| Administration | 8 | 504,661 | 504,661 | 511,143 | ||
| Investment | 9 | 6,683 | ||||
| Other expenditure | 10 | 539,813 | 539,813 | 461,913 | ||
| 4,517,745 | 4,517,745 | 5,157,094 | ||||
| Govcrnnncc Costs |
91,673 | 91,673 | 86,501 | |||
| Total | 15 | 4,609,418 | 4,609,418 | 5,243,595 | ||
| Net income/(expenditure) | dr | |||||
| Nct Movement in Funds |
(82,674) | (82,674) | (34,291) | |||
| Fund balances | ||||||
| at I Januaty2020 |
351,526 | 351,526 | 385,817 | |||
| at 31 December 2020 | 268,852 | 268,852 | 351,526 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| 5 | 5 | ||||||
| Gmss Income of | continuing | operations | 4,526,744 | 5,209,304 | |||
| Total expenditure | ofcontinuing operations |
(4,609,418) | (5,243,595) | ||||
| Net income/(expenditure) | for the tinancial | year | e .'- 0 | ||||
| (a) Detailed |
analyses | ofexpenditure | are provided | in the Statement ofFinancial | Activhies. |
| GRANTS | 2020 | 2019 | |
| 8 | |||
| Bolton Council | 1,380,098 | 1,243,841 | |
| Losses funded | by Bolton Council | 466,961 | |
| JRS and other | income | 991,654 | |
| . 3 .» | |||
| LEISURE CENTRES | 2020f | 2019 | |
| Wetside | 650,744 | 1,578,372 | |
| Dryside | 107,164 | 320,895 | |
| Isospa | 40,870 | 117,154 | |
| Isospa - membership | 849,092 | 1,801,298 | |
| Food and beverages | 22,308 | 90,631 | |
| Admission fees |
246 | 2,396 | |
| Other income | 16,567 | 54,765 | |
| Cash variances | 1,040 | (829) | |
| . 3 | 3. |
| 4, | COST OF SALES | 2020 | 2019 |
|---|---|---|---|
| f | |||
| Food and beverages | 18,275 | 53,939 | |
| Other saleable items | 12,227 | 32,164 | |
| 30,502 | 86,103 | ||
| 5, | STAFF RELATED | 2020 | 2019 |
| f | 0 | ||
| Salaries and wages | 2,341,797 | 2,822,311 | |
| Employers liability |
343,894 | 375,801 | |
| Other stalycosts | 109,543 | 102,637 | |
| Agency/SE Sta(I | 18,312 | 76,312 | |
| 2,813,546 | 3,377,061 |
| 6. | BUILDINC RELATED | 2020 | 2019 |
|---|---|---|---|
| f | f | ||
| Repairs and maintenance | 149,740 | 184,337 | |
| Utilitics | 368,014 | 348,844 | |
| Cleaning | 55,454 | 81,012 | |
| Other | 528 | 2,235 | |
| 573,736 | 616,428 | ||
| 7, | SERVICES | 2020 | 2019 |
| f | |||
| Marketing | 32,639 | 54,068 | |
| Machine hire | 524 | 1,816 | |
| Consumables | 14,811 | 36,160 | |
| Other | 7,513 | 5,719 | |
| 55,487 | 97,763 |
| IL | AD0HNISTRATION | 2020 | 2019 | |
|---|---|---|---|---|
| E | f | |||
| Communications | 21,523 | 8,723 | ||
| Bank charges | 10,040 | 17,057 | ||
| Other | 261,915 | 273,834 | ||
| Vnrecoverable VAT |
206,342 | 211,529 | ||
| Depreciation | 4,841 | |||
| 504,661 | 511,143 | |||
| 9. | INVESTMENT | 2020 | 2019 | |
| 8 | ||||
| Operating lease Credit sale agreement |
(49) 2,194 |
|||
| Other | 4,538 | |||
| 6,683 | ||||
| 10. | OTHER EXPENDITURE | 2020 | 2019 | |
| 8 | 8 | |||
| Overhead recharges |
363,842 | 131,913 | ||
| Insurance | 75,971 | 54,136 | ||
| Equipment replacement |
100,000 | |||
| Management fee to Serco Leisure Operating |
Limited | 275,864 | ||
| 539,813 | 461,913 | |||
| II. | GOVERNANCE COSTS | 2020f | 2019 | |
| Legal and professional | 88,398 | 83,226 | ||
| Auditors remuneration |
3,275 | 3,275 | ||
| 91,673 | 86,501 |
| FOR | THE YEAR ENDED 31 DECEMBER 2020 | THE YEAR ENDED 31 DECEMBER 2020 | THE YEAR ENDED 31 DECEMBER 2020 | ||
|---|---|---|---|---|---|
| 12. | TANGIBLE | FIXEDASSETS | |||
| Plant and | |||||
| machinery | |||||
| etc | |||||
| 8 | |||||
| COST | |||||
| At I January |
2020 | 1,880 | |||
| Additions | 16,272 | ||||
| At 31 December 2020 | 18,152 | ||||
| DEPRECIATION | |||||
| 'At I January |
2020 | 1,880 | |||
| Charge for the year | 4,841 | ||||
| At 31 December 2020 | 6,721 | ||||
| NET BOOK | VALUE | ||||
| At 31 December 2020 | 11,431 | ||||
| At 31 December 2019 | |||||
| 13. | DEBTORS | t020 | 2019 | ||
| f | 8 | ||||
| Trade debtors | 61,167 | 37,577 | |||
| Other debtors | 466,961 | ||||
| Prepayments | and accrued income | 174,839 | 76,791 | ||
| 14. | CREDITORS: AMOUNTS | FALLING DUE 3VITHIN ONE YEAR | 2020f | 2019f | |
| Trade creditors | 241,782 | 50,906 | |||
| Taxation and |
social security | 30,968 | 74,462 | ||
| Accruals and | deferred income | 1,195,676 | 818621 | ||
| 3. |
| Balaacc | ltlovcmcnt | in funds | Bolancc | ||
|---|---|---|---|---|---|
| 01.01.20 | Incoming | Resources | 31.12.20 | ||
| Resources | Expended | ||||
| Restricted | Funds | ||||
| Unrestricted | Funds | 351,526 | 4,526,744 | (4,609,418) | 268,852 |
| Totol funds | 351,526 | 4,526,744 | (4,609,418) | 268,852 |
| ANALYSIS OF NET ASSETS BETYYEEN FUNDS | |||
|---|---|---|---|
| Unrcstrictcd | Restricted | Total | |
| Fund balnnccs at 31 Deccmbcr 2020 | Fundsf | Fundsf | Fundsf |
| are rcprcscntcd lt): | |||
| Fired assets | 11,431 | 11,431 | |
| CIIIrellt ttssels | |||
| Stock Debtors and prepayments Cash at bank |
13,273 702,967 1,009,607 |
13,273 702,967 1,009,607 |
|
| Current liobi littex |
(1,468,426) | (1,468,426) | |
| Nct assets | 268.852 | 268 852 |