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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|
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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
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|||||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|
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|3
Income from|donations|and legacies||||
|---|---|---|---|---|---|
||||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|
##
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##
##
##
##
|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|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|
##
##
##
##