| PAGE | |
|---|---|
| SCHEDULE OF ADVISORS | |
| CHAIR'S STATEMENT | |
| TRUSTEES'~AL REPORT AND REPORT OF THE | 3-6 |
| DIRECTORS | |
| INDEPENDENT AUDITORS' REPORT | 7-8 |
| STATEMENT OF FINANCIAL ACTIVMES | |
| SUMVIARY INCOME AND EXPENDITURE | 10 |
| ACCOUNT | |
| BALANCE SHEET | |
| NOTES TO THE FINANCIAL STATEMENTS | 12-17 |
| The following directors hav |
e held office since 1 January 2021: |
|---|---|
| Robert Atkinson | |
| John Byrne | |
| Hilary Fairclough | (appointed 26November 2021) |
| Inayat Omarji | |
| Sara Sharrock | |
| John Shepley | |
| David Singleton | |
| Dr Margaret Talbot ~Cox |
(resigned 26November 2021) |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | |||
| Notes | ||||||
| Income and endowments | from | |||||
| Grants | 2,515,389 | 2,515,389 | 2,838,713 | |||
| Charitable activities |
||||||
| Leisure Centres | 2,333,498 | 2,333,498 | 1,688,031 | |||
| Investment Income |
||||||
| Total | 15 | 4,848,887 | 4,848,887 | 4,526,744 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Cost ofsales | 4 | 44,420 | 44,420 | 30,502 | ||
| Staffrelated | 5 | 2,695,903 | 2,695,903 | 2,813,546 | ||
| Building related | 6 | 655,962 | 655,962 | 573,736 | ||
| Services | 7 | 121,455 | 121,455 | 55,487 | ||
| Administration | 8 | 489,396 | 489,396 | 504,661 | ||
| Investment | 9 | 135,362 | 135,362 | |||
| Other expenditure | 10 | 653,931 | 653,931 | 539,813 | ||
| 4,796,429 | 4,796,429 | 4,517,745 | ||||
| Governance Costs |
77,439 | 77,439 | 91,673 | |||
| Total | 15 | 4,873,868 | 4,873,868 | 4,609,418 | ||
| Net income/(expenditure) | & | |||||
| Net Movement in Funds |
(24,981) | (24,981) | (82,674) | |||
| Fund balances | ||||||
| at I January 2021 | 268,852 | 268,852 | 351,526 | |||
| at 31December 2021 | 243,871 | 243,871 | 268,852 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Gross Income of | continuing operations |
4&8489887 | 41526744 | |
| Total expenditure | ofcontinuing operations |
~4,873,868 | ~4,609,418 | |
| Net income/(expenditure) for the financial |
year | ~24,981 | ~82 674 | |
| (a) Detailed |
analyses ofexpenditure | are provided in the Statement ofFinancial Activities. |
| GlhWTS | 2021 | 2020 |
| f, | ||
| Bolton Council | 2,065,442 | 1,380,098 |
| Losses funded by Bolton Council | 466,961 | |
| JRS and other income | 449,947 | 991,654 |
| 2,515,389 | 2,838,713 | |
| LEISURE CENTRES | 2021 | 2020 |
| Wetside | 1,129,324 | 650,744 |
| Dryside | 136,963 | 107,164 |
| Isospa | 48,686 | 40,870 |
| Isospa - membership | 957,598 | 849,092 |
| Food and beverages | 26,504 | 22,308 |
| Admission fees |
11 | 246 |
| Other income | 41,997 | 16,567 |
| Cash variances | (7,585) | 1,040 |
| 2,333,498 | 1,688,031 |
| FOR | THK YEARENDED 31DECEMBER 2021 | ||
|---|---|---|---|
| 4. | COST OFSALES | 2021 | 2020 |
| Food and beverages | 20,034 | 18/75 | |
| Other saleable items | 24,386 | 12/27 | |
| 44,420 | 30,502 | ||
| 5. | STAFFRELATED | 2021 | 2020 |
| Salaries and wages | 2,256,747 | 2,341,797 | |
| Employers liability |
354,783 | 343,894 | |
| Other staff costs | 60,145 | 109,543 | |
| Agency/SE Staff |
24/28 | 18,312 | |
| 2,695,903 | 2,813,546 |
| 6. | BUILDEVG RELATED | 2021 | 2020 |
|---|---|---|---|
| Repairs and maintenance | 218,755 | 149,740 | |
| Utilities | 355,947 | 368,014 | |
| Cleaning | 76,935 | 55,454 | |
| Other | 4,325 | 528 | |
| 655,962 | 573,736 | ||
| 7. | SERVICES | 2021 | 2020 |
| Marketing | 89,667 | 32,639 | |
| Machine hire | 910 | 524 | |
| Consumables | 26,184 | 14,811 | |
| Other | 4,694 | 7,513 | |
| 121,455 | 55,487 |
| 8. | ADMINISTRATION | ADMINISTRATION | 2021 | 2020 |
|---|---|---|---|---|
| E | ||||
| Communications | 11,419 | 21,523 | ||
| Bank charges | 8,442 | 10,040 | ||
| Other | 219,511 | 261,915 | ||
| Unrecoverable VAT |
238,593 | 206,342 | ||
| Depreciation | 11,431 | 4,841 | ||
| 489,396 | 504,661 | |||
| 9. | INVESTMENT | 2021 | 2020 | |
| Other | 135,362 | |||
| 135,362 | ||||
| 10. | OTHER EXPENDITURE | 2021 | 2020 | |
| Overhead recharges |
249,388 | 363,842 | ||
| Insurance | 69,035 | 75,971 | ||
| Equipment replacement |
100,000 | |||
| Management fee |
84,458 | |||
| Surplus repayable | to Bolton Council | 251,050 | ||
| 653,931 | 539,813 | |||
| 11. | GOVERNANCE | COSTS | 2021 | 2020 |
| Legal and professional | 74,164 | 88,398 | ||
| Auditors remuneration |
3/75 | 3,275 | ||
| 77439 | 91,673 |
| NOTES TO THE FINANCIAL STATEMENTS (Continued) | NOTES TO THE FINANCIAL STATEMENTS (Continued) | ||
|---|---|---|---|
| FOR | THX YEAR ENDED 31DECEMBER 2021 | ||
| 12. | TANGIBLE FIXEDASSETS | ||
| Plant and | |||
| machinery | |||
| etc | |||
| COST | |||
| At 1 January 2021 | 18,152 | ||
| Additions | |||
| At 31December 2021 | 18,152 | ||
| DEPRECIATION | |||
| At 1 January 2021 | 6,721 | ||
| Charge for the year | 11,431 | ||
| At 31December 2021 | 18,152 | ||
| NET BOOK VALUE | |||
| At 31December 2021 | |||
| At 31December 2020 | 11,431 | ||
| 13. | DEBTORS | 2021 | 2020 |
| Trade debtors | 224,997 | 61,167 | |
| Other debtors | 311/55 | 466,961 | |
| Prepayments and accrued income |
74,886 | 174,839 | |
| 611 138 | 702,967 | ||
| 14. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | 2021 | 2020 |
| Trade creditors | 42,527 | 241,782 | |
| Taxation and social security | 49,689 | 30,968 | |
| Accruals and deferred income | 1,284,578 | 1,195,676 | |
| 1,376,794 | 1,468 426 |
| Balance | Movement | in funds | Balance | ||
|---|---|---|---|---|---|
| 01.01.21 | Incoming | Resources | 31.12.21 | ||
| Resources | Expended | ||||
| Restricted Funds | |||||
| Unrestricted | Funds | 268,852 | 4,848,887 | (4,873,868) | 243,871 |
| Total funds | 268,832 | 4,848 887 | ~4,873,868 | 243,871 |
| ANALYSIS OFNET ASSETSBETWEEN FUNDS | ANALYSIS OFNET ASSETSBETWEEN FUNDS | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| Fund balances at31December 2021 | Fundsf | Funds f |
Funds | |
| are represented | by: | |||
| Fixed assets: | ||||
| Current assets: | ||||
| Stock | 11,264 | 11,264 | ||
| Debtors and prepayments | 611,138 | 611,138 | ||
| Cash at bank | 998/63 | 998,263 | ||
| Current liabilities: | 1,376794 | ~3,376,794 | ||
| Net assets | 243,871 | 243,871 |