2021-12-31-accounts - South Bristol Sports Centre

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Reference and Administrative Details
Trustees' Report		2 to 7
Independent Auditors' Report		8 to 11
Consolidated Statement of Financial	Activities	12to 13
Consolidated Balance Sheet		14
Balance Sheet		15
Consolidated Statement ofCash Flows		16
Notes to the Financial Statements		17to 40

South Bristol Sport5 Centre Independent Auditor's Report to the Members of South Bristol Sports Centre Owing lo the InhenI limitations of an audit, there is an unavoidable risk that we rnay not have detected some material misststements in the financial slalements, even though we have properly planned and performed oui audit in accordance with auditing standards. For example. the further rèmoved non-compliance with laws and r8gulations lirregularitiesl Is from the cvtsnts and transactions reflected in the financial slalements. the less likely the inherently limited procedures required by auditing standards would identify it. The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraL)d involves intentional concealment, forgery, collusion, omission or misrepresentation. We are not responsible for preventing non-compliance and cannot be expected lo delect non-compliance with all laws and regulations. A further description of our responsibilities is available on the Financial Reporting Council's website hllps'.IlwN.frc.org.ukJOur-WorklAudiVAudil-and-aSsLJrancelStsndards-and-guidan1slandards-3nd- guidance-lor-audilorslAudilors-responsibililies-lor-auditlDescriplion-of-audilors-responslbill1Ies-f0r- audil.aspx. This description forms part ol our auditor's report. Use ofour report This report is made solely lo the charitable parent company's trustees, as a body. In accordance with Chapter 3 of Part 16 of the Companies A¢1 2006. Our audil work has been undertaken so that we might slate lo the group's trustees those matters we are required lo state to them in an auditor's report and for no other purpose. To the fullest exlenl permilled by law, we do not accept Dr assume responsibility lo anyone other than the charitsble parelll company and ils trustees as a body, for our audit work, for this report, or for the opinions we have formed. Amanda Kruger FCCA jsenior Slalulory Audilorl For and on behalf ol TC Group, Slalulory Auditor Sl Mallhew's House Quays Office Park Conference Avenue Portishead Bristol BS20 7LZ 29 September 2022 Page 11

				Unrestricted
						Total
				General	Restricted	2021
			Note	8	F	6
Income and Endowments		from:
Donations and legacies				3,271	40,000	43,271
Charitable activities				204,633		204,633
Other trading activities				285,407		285,407
Other income				121,497	26,772	148,269
Total Income				614,808	66,772	681,580
Expenditure on:
Raising funds				(627,046)	(44,382)	(671,428)
Charitable activities				(60,204)	(63,325)	(123,529)
Total Expenditure				(687,250)	(107,707)	(794,957)
Net expenditure				(72,442)	(40,935)	(113,377)
Net movement in funds				(72,442)	(40,935)	(113,377)
Reconciliation of	funds
Total funds brought	forward			224,166	476,866	701,032
Total funds carried	forward		22	151,724	435,931	587,655

				Unrestricted
						Total
			Note	General	Restricted f	2020f
Income and Endowments		from:
Chantable activities				80,934		80,934
Other trading activities				86,595		86,595
Other income				252,832	100,676	353,508
Total Income				420,361	100,676	521,037
Expenditure on:
Raising funds Charitable activities				(497,760) (64,836(	(50,676) ~(93,688	(548,436) (157,924)
Total Expenditure				562,596	(143,764)	(706,360)
Net expenditure				(142,235	(43,088)	(185,323)
Net movement in funds				(142,235)	(43,088)	(185,323)
Reconciliation of	funds
Total funds brought	forward			366,401	519,954	886,355
Total funds carried	forward		22	224,166	476,866	701,032

	Con	solidated Balance Sheet as at	31 Dec	ember 2021
			Note	2021f	2020f
Fixed assets
Tangible assets			14	1,431,521	1,512,262
Current assets
Stocks			16	9,943	2,321
Debtors			17	22,317	62,181
Cash at bank and	in hand		18	34,070	65,422
				66,330	129,924
Creditors: Amounts		falling due within one year	19	(250,256)	(180,451)
Net current liabilities				(183,926)	(50,527)
Total assets less	current liabilities			1,247,595	1,461,735
Creditors: Amounts		falling due after more than one year	20	(659,940)	(760,703)
Net assets				587,655	701,032
Funds ofthe group:
Restricted income funds
Restncted funds				435,931	476,866
Unrestricted income		funds
Unrestricted funds				151,724	224,166
Total funds			22	587,655	701,032

		Balance Sheet as at 31 Dec	ember	2021
			Note	2021	2020f
Fixed assets
Tangible assets			14	971,324	1,010,077
Investments				1	1
				971,325	1,010,078
Debtors			17
-due within one year				140,403	40,658
-due after	one year			622,095	714,870
Cash at bank and in hand			18	1,283	2,366
				763,781	757,894
Creditors:	Amounts	falling due within one year	19	(235,925)	(94,778)
Net current	assets			527,856	663,116
Total assets less current liabilities				1,499,181	1,673,194
Creditors:	Amounts	falling due after more than one year	20	(622,095)	(714,870)
Net assets				877,086	958,324
Funds ofthe charity:
Restricted	income funds
Restncted funds				435,931	459,256
Unrestricted	income	funds
Unrestricted	funds			441,155	499,068
Total funds			22	877,086	958,324

Consolidated Stateme	nt ofCash	Flows for	the Year	Ended 31 Decem	ber 2021
				2021	2020
			Note		8
Cash flows from operating	activities
Net cash expenditure				(113,377)	(185,323)
Adjustments to cash flows	from noncash	items
Depreciation				.160,094	120,702
				46,717	(64,621)
Working capital adjustments
Increase in stocks			16	(7,622)	(1,719)
Decrease in debtors (Decrease)/increase in creditors			17 19	39,864 ~136,213	311,935 19,129
Net cash flows from operating	activities			42,746	264,724
Cash flows from investing activities
Purchase oftangible fixed assets			14	(79,353)	(273,617)
Cash flows from financing activities
Repayment of loans and borrowings			19	5,255	(6,675)
Net decrease in cash and cash equivalents				(31,352)	(15,568)
Cash and cash equivalents at	1 January			65,422	80,990
Cash and cash equivalents at	31 December			34,070	65,422

3 Income from	donations
		Unrestricted
		funds	Restricted	Total
		General	funds	funds
		E	E	E
Donations and legacies,
Donations from Grants, including	commumty groups capital grants;	3,271		3,271
Grants from other charities			40,000	40,000
Total for 2021		3,271	40,000	43,271

a)	Cost	s	of	trad	ing activities
							Unrestricted
									Total	Total
					Note		General f	Restricted 8	2021	2020 8
Costs of		goods sold					145,682		145,682	54,067
Staff cost							140,382	40,402	180,784	152,765
Depreciation,				amortisation
and	other		similar		costs		96,769		96,769	60,004
Allocated			support		costs		244,213	3,980	248,193	281,600
							627,046	44,382	671,428	548,436
7	Expenditure				on charitable	activities
							Unrestricted
							funds	Restricted	Total	Total
							General f	fundsf	2021	2020 8
Sporting		activities					60,204	63,325	123,529	151,424

		Unrestricted
				Total	Total
		General	Restricted f	2021	2020 8
Rent, rates and
water		7,779		7,779	2,375
Light and heat		34,758		34,758	30,050
Insurance		33,378		33,378	31,357
Repairs and	ground
cost		74,902		74,902	150,684
Premises security					3,817
Telephone		6,221		6,221	8,197
Printing, postage
and stationery		1,409		1,409	1,449
Subscriptions		8,235		8,235	2,988
Cleaning		4,927		4,927	3,505
Advertising		13,005		13,005	4,565
Accountancy,
bookkeeping	and
payroll		30,250		30,250	24,369
Legal and
professional		10,326	3,250	13,576	19,284
Bank charges	and
interest		6,349	730	7,079	3,328
ITsoftware and
consumables		5,258		5,258	7,967
Hire ofequipment		1,959		1,959	3,708
Sundry expenses		2,778		2,778	219
Irrecoverable	VAT	2,679		2,679	(16,262)
		244,213	3,980	248,193	281,600

Governance costs
	Unrestricted
	funds	Total
	General f	funds
Audit fees
Audit ofthe financial statements	6,000	6,000
Total for 2021	6,000	6,000
Total for 2020	6,500	6,500

10 Net incoming/outgoing	10 Net incoming/outgoing	10 Net incoming/outgoing	10 Net incoming/outgoing	resources
Net outgoing	resources		for the year include:
					2021	2020f
Audit fees					6,000	6,500
Depreciation	of fixed assets				160,094	120,702
11Staff costs
The aggregate	payroll		costs	were as follows:
					2021	2020
					6	6
Staff costs during		the	year	were:
Wages and salaries					177,508	146,965
Social security	costs				1,962	4,134
Pension costs					1,314	1,666
					180,784	152,765

during the y	ear w	as as follows:			y g	p
			2021		2020
			No		No
Management	and	administration		2		2
Operational	staff			22		10
				24		12

12Auditors'	remuneration
		2021	2020
			6
Audit ofthe	financial statements	6,000	6,500
13Taxation

Group
	Land and	Furniture and
	buildings	equipment	Total
	8
Cost
At 1 January 2021	2,489,250	277,681	2,766,931
Additions	66,174	13,179	79,353
At 31 December 2021	2,555,424	290,860	2,846,284
Depreciation
At 1 January 2021	1,219,255	35,414	1,254,669
Charge for the year	102,665	57,429	160,094
At 31 December 2021	1,321,920	92,843	1,414,763
Net book value
At 31 December 2021	1,233,504	198,017	1,431,521
At 31 December 2020	1,269,995	242,267	1,512,262

Charity
	Land and	Furniture and
	buildings	equipment	Total
		8	6
Cost
At 1 January 2021	1,818,587	260,725	2,079,312
Additions	66,174	13,179	79,353
At 31 December 2021	1,884,761	273,904	2,158,665
Depreciation
At 1 January 2021	1,047,126	22,109	1,069,235
Charge for the year	63,326	54,780	118,106
At 31 December 2021	1,110,452	76,889	1,187,341
Net book value
At 31 December 2021	774,309	197,015	971,324
At 31 December 2020	771,461	238,616	1,010,077

Subsidiary
undertakings f	Total f

Cost
At 1 January 2021
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020

Undertaking		Country of incorporation	Country of incorporation	Holding	Proportion rights and	ofvoting shares held	Principal activity
					2021	2020
Subsidiary	undertakings
							Runs	the
South Bristol CIC	Sports	England Wales	and	Ordinary	100%	100%	Sports Centre	on
							behalf of	the
							charity

16Stock
	Group		Charity
	2021 f	2020 f	2021 f	2020
Stocks	9,943	2,321
17Debtors
	Group		Charity
	2021 f	2020 f	2021 f	2020 f
Trade debtors	21,065	6,105
Due from group undertakings			762,498	755,528
Prepayments	1,252	5,729
VAT recoverable		29,590
Other debtors		20,757
	22,317	62,181	762,498	755,528

			Group			Charity
			2021 f	2020 f	2021 f		2020 f
Cash	on	hand	5,270
Cash	at	bank	28,800	65,422	1	283	2,366
			34,070	65,422	1,283		2,366

19Creditors:	amounts falling	due within one year
		Group			Charity
		2021f	2020		2021 f	2020 f
Bank loans		10,440	4,	167
T 0 rade creditors ther loans		42,853 140,403	105,246 40,658		140,403	40,658
Due to group undertakings					81,963	42,152
Other taxation	and social
security		3,249
VAT liability		2,214
Other creditors		14,110		339
Accruals		36,987	30,041		13,559	11,968
		250,256	180,451		235,925	94,778

Included within the abov	e are amounts falling due as fol	lows:
	Group			Charity
	2021 f	2020 f	2021 f		2020 f
Bank loans	10,440	4,167
Other loans	140,403	40,658	140,403		40,658
	150,843	44,825	140,403		40,658
20 Creditors: amounts	falling due after one year
	Group			Charity
	2021 f	2020 f	2021f		2020f
Bank loans	37,845	45,833
Other loans	622,095	714,870	622,095		714,870
	659,940	760,703	622,	095	714,870

		Group		Charity
		2021f	2020f	2021f	2020f
Bank	loans	37,845	45,833
Other	loans	622,095	714,870	622,095	714,870
		659,940	760,703	622,095	714,870

Group
									Balance at
		Balance	at						31
		1 January		Incoming		Resources			December
		2021f		resources f		expended F		Transfers f	2021 f
Unrestricted funds
General
General		224,166		614,808		(687,250)			151,724
Restricted funds
Land & buildings		459,256				(63,325)		40,000	435,931
Job Retention	Scheme
Government	Grant				26,042	(26,042)
National Lottery
Community Fund		17,610				(17,610)
BBBLinterest	government
grant					730		(730)
Sport England					40,000			(40,000)
Total restricted	funds	476,866			66,772	(107,707)			435,931
Total funds		701,032		681,580		(794,957)			587,655
									Balance at 31
		Balance		at 1	Incoming		Resources		December
		January f		2020	resources		expended f		2020f
Unrestricted funds
General
General			366,401			420,361		(562,596)	224,166
Restricted funds
Land 8 buildings			519,954					(60,698)	459,256
Job Retention	Scheme
Government Grant						50,156		(50,156)
National Lottery Community
Fund						50,000		(32,390)	17,610
BBBLinterest grant	government					520	~520)
Total restricted	funds		519,954			100,676		(143,764)	476,866
Total funds			886,355			521,037		(706,360)	701,032

Notes	to the Fina	ncial Statemen	ts for	the Year En	ded 31 Decem	ber 2021
						Balance at 31
		Balance	at 1	Incoming	Resources	December
		January f	2020	resources f	expended f	2020f
Charity
						Balance at 31
		Balance	at 1	Incoming	Resources	December
		January f	2021	resources f	expended	2021f
Unrestricted	funds
General		499,068		59,072	(116,985)	441,155
Restricted	funds	459,256		40,000	~63,325)	435,931
Total funds		958,324		99,072	(180,310)	877,086
						Balance at 31
		Balance	at 1	Incoming	Resources	December
		January	2020	resources f	expended f	2020f
Unrestricted	funds
General Restricted funds		519,954 526,009		54,637	~60696) (81,578)	459 256 499,068
Total funds		1,045,963		54,637	(142,276)	958,324

Group
						Total funds
				Unrestdicted		at 31
				funds	Restricted	December
				General f	funds 6	2021
Tangible		fixed	assets	995,590	435,931	1,431,521
Current	assets			66,330		66,330
Current	babilities			(250,256)		(250,256)
Creditors		over	1 year	(659,940)		(659,940)
Total net		assets		151,724	435,931	587,655
						Total funds
				Unrestricted		at 31
				funds	Restncted	December
				General	funds	2020
					6
Tangible		fixed	assets	1,053,006	459,256	1,512,262
Current	assets			112,314	17,610	129,924
Current	liabilities			(180,451)		(180,451)
Creditors		over	1 year	(760,703)		(760,703)
Total net		assets		224,166	476,866	701,032

Charity
					Total funds
			Unrestricted		at 31
			funds	Restricted	December
			General	funds	2021
			F	6
Tangible	fixed	assets	535,393	435,931	971,324
Fixed asset investments			1		1
Current	assets		763,781		763,781
Current liabilities Creditors over 1 year			(235,925) ~0625,095		(235,925) ~625,0950
Total net assets			438,155	435,931	874,086
					Total funds
			Unrestricted		at 31
			funds	Restricted	December
			General	funds	2020
			8		8
Tangible	fixed	assets	550,821	459,256	1,010,077
Fixed asset investments			1		1
Current	assets		757,894		757,894
Current	liabilities		(94,778)		(94,778)
Creditors	over	1 year	(714,870)		(714,870)
Total net	assets		499,068	459,256	958,324