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2021-03-31-accounts

Somerset Activity and Sports Partnership (A Charitable Company Limited by Guarantee)

Annual Report and Financial Statements

For the Year Ended 31 March 2021

Company Number: 05798066 Charity Registered in England and Wales Number: 1118900

Somerset Activity and Sports Partnership Contents For the Year Ended 31 March 2021

Page
Reference and Administrative Details 1
Trustee Directors’ Report 2 – 13
Independent Auditors’ Report 14 – 17
Statement of Financial Activities 18
Balance Sheet 19 – 20
Statement of Cash Flows 21
Notes to Financial Statements 22 – 45

Somerset Activity and Sports Partnership Reference and Administrative Details For the Year Ended 31 March 2021

Trustee Directors A E Allen
A Cockcroft (Chair)
G R Cox
A Gardner
J Stafford
R Stark
J M Whitehead
E J Wilkes
Chief Executive Officer J Knowles
Office Manager M Bell
Finance Officer A Britton
Senior Operations Manager J Hannis (from April 2020)
Charity Number 1118900
Company Number 05798066
Principal Address and Registered Office First Floor Offices
Castle Business Centre
Castle Road
Chelston Business Park
Wellington
Somerset
TA21 9JQ
Auditors Albert Goodman LLP
Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
Bankers Svenska Handelsbanken
1stFloor Equity House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
Solicitors Ashfords
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
Investment managers Heartwood Investment Management
No. 1 Kingsway
London
WC2B 6AN

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Page 1

Somerset Activity and Sports Partnership Trustee Directors’ Report For the Year Ended 31 March 2021

The Trustees, who are also directors for the purposes of the Companies Act, present their report and the financial statements of the charity for the year ended 31 March 2021, which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 and comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland (SORP FRS 102) (effective 1 January 2019).

The full name of the Charity is Somerset Activity and Sports Partnership. It was incorporated on 27 April 2006 as a company limited by guarantee. Its company registration number is 05798066. Its Charity registration number is 1118900. The Charity is variously referred to throughout this report as either “the Charity”, “the Company” or “SASP”.

References and Administrative Details

Administrative information is given in a separate section at the front of these financial statements.

Directors and Trustees

The directors of the Company are the Charity’s Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees.

The Trustees serving during the year and since the year end are as follows:

None of the Trustees have any beneficial interest in the Company. All of the Trustees are members of the Company and guarantee to contribute £1 in the event of a winding up.

Introduction from The Chair

We have together navigated through a year like no other and have continued to do so into 2021. Although positive outputs are hard to come by, the pandemic has highlighted the importance of fitness to maintain both our health and mental wellbeing. In the face of this unprecedented national challenge SASP has been frenetic in its commitment to ensure people of all ages, areas and fitness levels can access something to keep physically active.

Activity levels in England had been increasing before lock-down measures were introduced in mid-March 2020. Despite reports to the contrary, the protection measures did lead to unprecedented decreases in activity levels between mid-March and mid-May 2020. Compared to the same two-month period 12 months earlier, we saw 7.1% fewer active adults and 7.4% more inactive adults. As a result, over the full 12 months, the proportion of adults who were active in England was unchanged compared to last year although there was a small increase in the proportion who were inactive.

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Somerset Activity and Sports Partnership Trustee Directors’ Report For the Year Ended 31 March 2021

Data from Sport England (Sport England Active Lives Adult Survey Nov 2019-20) continues to show significant differences in activity levels between different demographic groups through gender, age, socio economic group, ethnic diversity and disability, with a greater proportion of these than the general population not active enough for their health. Worryingly we also continue to see that 35% of adults and a huge 46% of children and young people in Somerset are still not active enough to maintain their health. Quite rightly, this is where the vast majority of focus and investment was and continues to be for SASP now and in the future.

2020/21 saw significant progress in embedding the positive messages of physical activity within both the statutory and Voluntary, Charitable and Social Enterprise (VCSE) sectors to ensure that physical activity is everyone’s business. Our work has included:

Building partnerships is critical to our work. Our collaborative work with Sport England and locally remains a very positive reflection of our values and focus with our strategy focused on a system based approach – in particular garnering additional investment for our interventions for those with long-term health conditions. A clear strategy around collaborating with both the health and social care sectors accompanied by a person centred approach has also been extremely well received in recent months.

I remain immensely proud of the valuable work that SASP continues to deliver in particularly difficult conditions and it has been humbling to have led the team through this continuing period of uncertainty. Our focus for the year ahead is clear as we actively learn and find innovative ways to improve the health and wellbeing of people’s lives in Somerset through physical activity and sport.

Andrew Cockcroft

SASP Chair

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Somerset Activity and Sports Partnership Trustee Directors’ Report For the Year Ended 31 March 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

SASP holds the Tier 3 Code of Sports Governance for Sports Bodies showing compliance against key areas of Structure, People, Communication and Policies and Processes.

Governing Document Memorandum and Articles of Association Constitution Company Limited by Guarantee Trustee Selection Method Election - Trustees are appointed on skill sets and receive induction training on individual roles and responsibilities Organisational Structure The charity has an annual business plan which is ratified by the board. The SASP Chief Executive Officer takes responsibility for day to day management of the company. Risk Management A risk register is maintained and identified risks are monitored and reviewed through the Board.

None of the Trustees has any personal pecuniary beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up of the company.

Somerset Activity & Sports Partnership encourages all Trustees and requires staff to undertake induction and continuing professional development to familiarise themselves with the political, funding and delivery environment in which the company operates; to set out their respective roles and responsibilities; and to ensure accountability and compliance with statutory Charity and Company law.

The Board of Trustees meets every quarter to discuss the strategic direction of the charity, ensure its core aims and objectives are being met in the most efficient way, and to take account of any risks to the charity and to make sure that all legal obligations are satisfied.

The Board of Directors are supported strategically by Somerset Activity and Sports Partnership senior employees. Outside the meetings, the day-to-day business of the Charity is delegated to the SASP Chief Executive and through them, other staff.

OBJECTIVES AND ACTIVITIES

The charitable objectives of SASP are:

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Somerset Activity and Sports Partnership Trustee Directors’ Report For the Year Ended 31 March 2021

SASP Vision

Achieving healthier and happier communities in Somerset through physical activity.

SASP Mission

We inspire and enable positive life choices through sport and physical activity and we do this by:

SASP Values are:

Dedicated: We listen, we learn, we act.

Creative: We will find new and different solutions where needed.

High Quality: We believe that high quality experiences in sport and physical activity sustain a happy and healthy lifestyle.

Strategies for achieving its stated aims and objectives

Somerset Activity & Sports Partnership's core aims and objectives over this pandemic year did not change but the delivery methods and what we did was definitely different.

SASP moved very quickly into remote and virtual delivery and quickly and creatively made decisions to focus on key groupings with those most vulnerable at the core of these interventions. Here are a few highlights:

ACTIVE COMMUNITIES

Tackling Inequality Funding

The National Lottery funding from Sport England’s Tackling Inequalities Fund aimed to tackle inequalities in activity levels by working with SASP to reach those most in need. The funds specifically were to help minimise the impact of Covid-19 on activity levels in underrepresented groups; to help prevent the widening of the gap between those who are active and those who are not; to provide funding for groups to stay connected with these key audiences namely those in Lower Socio-Economic Groups, Ethnically Diverse Communities, Disabled People and People with Long-Term Health Conditions.

Two phases of funding totalling £94,000 through SASP to support community groups in their areas were agreed.

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Somerset Activity and Sports Partnership Trustee Directors’ Report For the Year Ended 31 March 2021

Cheddar Walking Football – Long term health conditions focus

The group applied for money from TIF to help them purchase extra equipment and venue hire so that they could service their users (many with long term conditions such as diabetes, heart disease etc.) safely and in line with the Covid-19 guidance from the Football Association.

Feedback from the group was as follows:

Overall the scheme has to be regarded as a massive success as we now have in excess of 50 regular attendees at Walking Football sessions at Cheddar, this involves males, females and those with less ability in life in general! Our ladies only session has been achieving 20+ players each week (the majority of whom have never played football before) and the interest level have grown via “word of mouth”

ACTIVE CHILDREN AND YOUNG PEOPLE

During lockdown a lot of focus was put on our older and more vulnerable individuals, with schools taking up the vast array of issues that young people might be experiencing. With quite a lot of resource in SASP attached to children and young people working through schools, re-imagining and re purposing staff was key. A large number of initiatives were promoted to try to keep PE and School Sport as well as recreational activity remain fun, engaging and assist with the physical and emotional wellbeing of Somerset’s children.

School Support Lesson Plans

During April to August 2020, vulnerable pupils and those of key workers were still attending school. With social distancing and many other restrictions SASP wished to support these children to keep active in school in a covid secure way. SASP provided a bank of simple and engaging lesson plans to provide social distanced and Covid secure PE. These were extremely well received and were shared extensively in and beyond Somerset.

This sharing of ideas and expertise and positive collaboration within and outside of the county has been a positive feature of Covid and is set to continue into the future.

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Somerset Activity and Sports Partnership Trustee Directors’ Report For the Year Ended 31 March 2021

SASP Challenges

The SASP Challenges site was developed during the first lockdown in June 2020. Its purpose was to provide physical activity challenges for children and young people to access at home or in school.

In January 21 it was developed further with a series of challenges for gymnastics, fitness as well as skipping for both primary and secondary pupils. These were accompanied by lesson plans for teachers and free skipping packs to some schools who chose this

challenge. Other support was also made available through YouTube video session on how to do the challenges e.g. skipping was also made available to secondary pupils to either download or watch live. The feedback from teachers for this resource was very well received and will be continued.

Challenges for adults have also now been added to the site.

Since launching 1,500 accounts have been set up and 11, 291 challenges completed. There are currently 78 schools registered as using the challenges.

Disabled Children

A huge number of virtual and when possible face to face opportunities for social interaction using physical activity were organised for disabled children and young people. The isolation many young people felt during lockdowns and closed schools was very prevalent within this group. The focus of all the virtual activity was connecting with others and enjoyment of moving our bodies. We saw a huge amount of collaboration with other organisations in delivering equipment to individuals, sharing virtual platforms for delivery and sharing our reach so more children and parents could connect together through physical activity.

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Somerset Activity and Sports Partnership Trustee Directors’ Report For the Year Ended 31 March 2021

ACTIVE ENVIRONMENTS

Just before the second lockdown, when being outside as family groups was the only thing that people were really allowed to do, SASP worked hard to create innovative and active environments to engage families and others to get outside and explore their localities.

Beat the Street – Bridgwater

Beat the Street is an active travel game that was played across the whole town of Bridgwater in October 2020 and perfect for keeping people active during the pandemic. It had a core focus on families and children walking, biking and scooting, using the outdoors, from beat box to beat box across Bridgwater recording their journeys and distances with cards and key fobs. It was exactly what was needed to get families active together before the 2nd lockdown in November 2020. 4,349 participants travelled over 45,737 miles in one month , with lots of healthy team competition between schools and community

groups. All primary schools engaged in the programme, some early years settings and community teams also took part and Bridgwater library played a key distribution role of cards and information for these nonschool teams.

Walk and Chalk

To help children get more from their parks, SASP funded boxes of pavement chalk that were put at park entrances across the county for children to draw, play hopscotch, take home to continue to play. This simple act, during lockdown 1 resulted in a huge amount of engagement from the public with a real appreciation for making early lockdown walks on their hour each day have something different about them.

ACTIVE ADULTS

A huge number of resources were made available for adults on line, as well as physical resources posted to or distributed to adults to support the need for people to stay active. From resistance bands to activity bags of equipment and resources, we worked hard to have some sort of an offer for everyone, whatever their needs.

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Somerset Activity and Sports Partnership Trustee Directors’ Report For the Year Ended 31 March 2021

Healthy Mums

During 2020/21 when groups were not allowed to meet at all for large periods of time and then very much with restricted numbers, SASP identified a real need for intervention around ante and post natal mums who were very isolated and received little or no group support let alone physical activity support during this time. Over the year, virtual courses for 152 new mums and mums to be were developed and trialled and now are creating a key part of the landscape, helping create friendship and information groups, regardless of geography. Key mental health aspects for some participants were also identified and this is now being addressed in partnership with Open Mental Health. The project continues into the new year with both virtual and face to face provision.

“It was a great incentive to get up and be active and I really looked forward to each session. The discussions at the end of each week were so important and were a great way to cover a range of topics and discuss how we were feeling, as well as knowing that we weren’t alone - so important.” Healthy Mum Course 3.

ACTIVE OLDER PEOPLE

Older people, particularly those shielding were a key area of work for SASP throughout the pandemic. We worked hard with the NHS to target and reach this group, many, who we knew would become vulnerable to deconditioning, falls and further ill health without any intervention.

Shielded List Case Study

SASP wished to focus intervention on some of our most vulnerable individuals during the pandemic and during the first lockdown worked with Somerset CCG and Somerset County Council to jointly fund a mail out of a physical activity booklet and associated resources to just under 30,000 people who were shielding. This mail out contained information on how to stay active at home including on-line links, but importantly included a physical activity survey and pre paid envelope to return it. We received a circa 10% return from the survey with nearly all of these providing contact details to allow us to get back in touch. We also fielded a huge number of

telephone enquiries from the survey to assist people to get and stay active.

The information from the survey allowed us and CCG to gain a robust and relevant picture of attitudes, digital access, activity levels and interests to invest in the development of resources appropriate for this group through the pandemic including Love to Pedal and Walk Your Way which continue to get embedded into care pathways and care homes.

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Somerset Activity and Sports Partnership Trustee Directors’ Report For the Year Ended 31 March 2021

ACTIVE COMMUNICATIONS

A huge amount of work went into keeping adults active virtually. A whole new website section was created to ensure people could keep Active at Home. If they were digitally connected SASP specific content but also content from across trusted organisations such as NHS, Les Mills, Jo Wicks etc. as well as Stroke Association, Parkinsons UK etc. was made available and regularly updated including things to do outside. This was available in one place for people to find and try and allowed us to promote campaigns about the importance of keeping active with a central point of reference to allow people to be active in ways that worked for them.

Diversity, Equality and Safeguarding

SASP believes that safeguarding young people and vulnerable adults is fundamental to ensuring that people have good experiences in sport and physical activity. We use physical activity to increase selfesteem and resilience to ensure young people have a fun, safe and purposely experience of sport and active recreation. We are also committed to using our programmes to connect all participants together to create new friendships, social groups and support the End Loneliness campaigns in Somerset. Our safeguarding work in 2019/20 for children has been assessed as excellent by the Child Protection in Sport Unit.

SASP has a continued and strong commitment to equality and continues to hold the Foundation Level of the Equality Standard for Sport and also holds the Disability Confident mark to ensure our commitment to equality and diversity is backed through all our policies and actions. Our Diversity Action Plan has been updated to ensure that both external and internal work of all kinds is checked and challenged for fairness and inclusion. Our Board Champion for equality and diversity is also very active and supportive and has been fully involved in updating our annual plan and review.

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Somerset Activity and Sports Partnership Trustee Directors’ Report For the Year Ended 31 March 2021

FINANCIAL REVIEW 2020/21

During the year SASP had an income of £1,118k (2020 - £1,299k) and expenditure of £980k (2020 – £1,208k) excluding investment revaluation and LGPS actuarial movement. Once the investment revaluation gain of £74k (2020: £28k loss) is taken into account, SASP had a net trading position of a surplus of £212k (2020 - £62k).

The defined benefit pension scheme has an impact on the financial results of SASP, both in terms of the actuarial loss of £223k and the total obligation showing at the balance sheet date of £759k, a significant increase from last year. The trustees have sought to reduce the risk posed by the pension scheme by putting £300k into investment and procuring a bond of £66k with the county council.

It is the Trustees opinion that the pension scheme deficit doesn’t represent a current liability or have any impact on the going concern position of SASP. The charity continues to meet obligations for both other liabilities and pension scheme repayments and have set aside the reserves in our funds as a more accurate representation of the financial position of the group.

Policy on reserves

The Charity's policy is to maintain a level of reserves to ensure we can continue to provide our services for 3 months regardless of income levels.

This equates to approximately £300k compared to the charity’s free reserves as of 31st March 2021 of £300k including the pension scheme deficit and £1,059k excluding this amount. In practice, the Charity’s investments have been put aside to assist with the pension deficit and therefore excluding the deficit and the investments our free reserves would be £692k. It is considered that any excess reserves will be held to ensure the financial stability of the Charity in the future, including any potential liability that would arise from the exit of the pension scheme.

Arrangements for setting the pay and remuneration of the charity’s key management personnel

SASP has a remuneration policy based on the following principles:

  1. Pay will be competitive so that the charitable objectives can be delivered.

  2. Bonuses linked to individual performance are not awarded. The charity expects everyone to perform to a high standard.

  3. SASP’s remuneration policy seeks to be fair at both higher and lower ends of the pay scale.

  4. Peoples’ working arrangements can be flexible to aid productivity

  5. SASP encourages a work-life balance and encourages regular breaks

  6. SASP has strong governance structures in place to ensure remuneration is managed in line with best practice.

  7. SASP is transparent in remuneration reporting

  8. Trustees receive reasonable expenses only

The SASP Board review remuneration policy, the remuneration ratio and provide scrutiny to remuneration decisions e.g. annual pay award and remuneration of highly paid staff on an annual basis.

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Somerset Activity and Sports Partnership Trustee Directors’ Report For the Year Ended 31 March 2021

Principal funding sources

Sport England, Somerset specific partners, grant aiding bodies and income generation.

PLANS FOR FUTURE PERIODS

SASP is committed to finding new investment into physical activity to support those that find it most difficult to become active and maintain activity levels or for those who wish to achieve mental, social or community development outcomes. This will always mean new partners, new programmes and new ways of working to ensure that we are able to work at scale. During 2021/22 our new work will be focusing on a commitment to health-related physical activity through social prescribing, disability, gender inequalities and adults and children from less affluent backgrounds. We will be looking to employ new roles to support the delivery of our key targets for 2021/22.

THE IMPACT OF COVID 19

SASP has a significant income generating portfolio which has been significantly disrupted and impacted by Covid 19 this year when most of our income generating business was paused during a number of lockdowns and restrictions following on from this. This was a particular issue financially for the key business areas around swimming, The Beach Wellness, adult participation programmes and our schools training programmes. It also impacted on our volunteers and staff as closing schools created less ability for people to work during office hours. The governments Coronavirus Job Retention Scheme was used extensively in 20/21 to offset the lack of income generations available to support these roles. No Sport England funded posts were furloughed at anytime throughout the year and with new ways of working, flexible furlough was used more extensively in the latter part of the year.

SASP is now working on a dual offer of virtual and face to face offerings which has increased our workload significantly. We continue to provide training for our workforce and for direct on line content for people to be active and have made some much needed changes to some booking and payment systems and these changes will continue into 21/22 to allow for the greater volume of on line transactions and ease of accounting as our customer bases grow.

Covid has also brought physical activity and fitness into sharp reality as a major strand of risk reduction to the severity of Covid symptoms, but has also brought the emotional wellbeing of our county into focus. This is allowing a much more seamless and holistic approach to physical activity, using it for both physical and mental health and allows us to work with different types of organisations and partners to continue our mission to embed physical activity in peoples lives.

Much of SASP is grant aided from Sport England and statutory authority. 2021/22 will see our application for a new 4 year funding submission to Sport England as well as changes that will start with the new announcement of unitary status from April 2023 for Somerset.

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Somerset Activity and Sports Partnership Trustee Directors’ Report For the Year Ended 31 March 2021

Statement of Trustees’ Responsibilities

The Trustees (who are also directors of Somerset Activity and Sports Partnership for the purposes of company law) are responsible for preparing the Trustee Directors’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Provisions

This report has been prepared in accordance with the special provision of part 16 of the Companies Act relating to small companies and constitute the annual accounts as required by the Companies Act 2006.

Approved by order of the Trustees on 4[th] November 2021 and signed on their behalf by:

A Cockcroft J Stafford
Trustee Trustee

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Somerset Activity and Sports Partnership Independent Auditors' Report to the Trustees and Members For the Year Ended 31 March 2021

Opinion

We have audited the financial statements of Somerset Activity and Sports Partnership (the 'charitable company') for the year ended 31 March 2021, which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustee’s use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Trustees’ Report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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Somerset Activity and Sports Partnership Independent Auditors' Report to the Trustees and Members For the Year Ended 31 March 2021

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities [set out on page 10], the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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Somerset Activity and Sports Partnership Independent Auditors' Report to the Trustees and Members For the Year Ended 31 March 2021

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of noncompliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

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Somerset Activity and Sports Partnership Independent Auditors' Report to the Trustees and Members For the Year Ended 31 March 2021

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members and trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body and the charitable company’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Michelle Ferris BSc (Hons) FCA DChA Goodwood House
Senior Statutory Auditor Blackbrook Park Avenue
for and on behalf of Taunton
Albert Goodman LLP Somerset
Chartered Accountants TA1 2PX
Statutory Auditor

Date: 17[th] November 2021

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Somerset Activity and Sports Partnership Statement of Financial Activities (including an Income and Expenditure account) For the Year Ended 31 March 2021

----- Start of picture text -----
Unres- Res- Unres- Res-
tricted tricted Total tricted tricted Total
2021 2020
Notes £ £ £ £ £ £
Income from:
Donations and legacies 2 163,480 196,318 359,798 17,083 272,513 289,596
Charitable activities 3 400,322 354,856 755,178 712,155 293,303 1,005,458
Investments 4 2,934 - 2,934 3,726 - 3,726
Total income 566,736 551,174 1,117,910 732,964 565,816 1,298,780
Expenditure on:
Charitable activities 5 542,016 438,288 980,304 785,412 422,816 1,208,228
Total expenditure 542,016 438,288 980,304 785,412 422,816 1,208,228
- -
Revaluation of investment 74,225 74,225 (28,205) (28,205)
Net income/(expenditure) 98,945 112,886 211,831 (80,653) 143,000 62,347
Transfer between funds 13 18,485 (18,485) - 23,837 (23,837) -
Other recognised gains/(losses)
Actuarial (losses)/gains on
defined benefit pension
- -
schemes (223,000) (223,000) 208,000 208,000
Net movement in
funds for the year (105,570) 94,401 (11,169) 151,184 119,163 270,347
Reconciliation of funds
Total funds brought forward 443,151 175,078 618,229 291,967 55,915 347,882
Total funds carried forward 337,581 269,479 607,060 443,151 175,078 618,229
----- End of picture text -----

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities

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Page 18

Somerset Activity and Sports Partnership- Company Registration Number: 05798066 Balance Sheet As at 31 March 2021

Notes
Fixed assets
Tangible fixed assets
9
Investments
10
Noncurrent assets
Debtors
11
Current assets
Debtors
11
Cash at bank and in hand
Liabilities:
Creditors: amounts falling due within
12
one year
Net current assets
Net assets excluding pension liabilities
Defined benefit pension scheme
liabilities
15
Total net assets including pension
liabilities
The funds of the charity:
Unrestricted funds:
General funds		 £
37,323
366,792
404,115
66,000
98,630
1,009,858
1,174,488
(212,543)
895,945
1,366,060
(759,000)
607,060
1,096,581
2021		 2020
£
43,276
290,383
333,659
66,000
148,401
767,455
981,856
(200,286)
715,570
1,115,229
(497,000)
618,229
940,151
Designated funds - -
Unrestricted funds excluding pension
reserve		 1,096,581
940,151
Pension reserve (759,000) (497,000)
Total unrestricted funds
13
Restricted funds
13
Total charity funds		 337,581
269,479
607,060
443,151
175,078
618,229

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Page 19

Somerset Activity and Sports Partnership- Company Registration Number: 05798066 Balance Sheet (continued) As at 31 March 2021

The financial statements have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The notes on pages 18 – 45 form part of these accounts.

Approved by the Board for issue on 4[th] November 2021 and signed on their behalf by:

A Cockcroft Trustee

J Stafford

Trustee

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Page 20

Somerset Activity and Sports Partnership Statement of Cash Flows and Consolidated Statement of Cash Flows For the Year Ended 31 March 2021

Notes
Cash flows from operating activities
Net income for the year
Adjustments to cash flows from non-cash items:
Depreciation and amortisation
9
Finance income
4
Losses/(gains) on investments
Defined benefit pension scheme
cost less contributions payable
15
Defined benefit pension scheme
finance cost
15
Working capital adjustments
(Increase)/decrease in debtors
11
Increase/(decrease) in creditors
12
Net cash flow from operations
Cash flows from investing activities
Purchase of tangible fixed assets
9
Interest received
4
Purchase of investments
Disposal of investments
Net increase in cash and
cash equivalents
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the
end of the reporting period
Cash & Cash equivalents reconciliation:
Cash at bank
Total cash & cash equivalents at the
end of the reporting period		 2021
£
(11,169)
13,938
(2,934)
(74,225)
39,000
223,000
187,610
49,771
12,257
249,638
(7,985)
2,934
(2,559)
375
(7,235)
242,403
767,455
1,009,858
1,009,858
1,009,858		 2020
£
270,347
12,112
(3,726)
28,205
48,000
(208,000)
146,938
(77,890)
60,879
129,927
(20,502)
3,726
(3,576)
600
(19,752)
110,175
657,280
767,455
767,455
767,455

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Page 21

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

1 Accounting Policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

1.1 Basis of accounting

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Somerset Activity and Sports Partnership meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s) and all amounts are presented in £ sterling.

The accounts are prepared for the company alone. The company has a dormant subsidiary, and consolidated accounts are not presented as the charity has taken advantage of the exemption provided by S405(2) of the Companies Act 2006 on the grounds of immateriality.

1.2 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £10 per member of the charity.

The company is incorporated in England and Wales and the company registered office is detailed on page 1, reference and administration details.

1.3 Going concern

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that the charity has adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the charity’s ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting when preparing the financial statements.

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Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

1.4 Income

Income from donations and legacies is recognised in the year in which they are receivable when there is evidence of entitlement, receipt is probable and the amount can be reliably measured. Where income has not been received for gift aid claims relating to donations received in the year, income is accrued.

Income from government grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Where funds are received in advance for a specified purpose, or there are conditions to be met that are not in the control of the charity and these are not purely administrative, the funds are deferred and recognised in the period to which they relate.

Where no conditions are attached to the grant income they are recognised within donations and legacies and where conditions relating to performance of services are attached, grant income is recognised in income from charitable activities within the Statement of Financial Activities.

Income from charitable activities includes grants provided for charitable activities, fees provided for courses and rent provided to other sporting organisations. Course fees are recognised at the point the amount becomes non-refundable, which is either the date of booking or date of the course, depending on the individual item. Rent is recognised when due.

Income from other trading activities, including course income, is included in the period in which the charity is entitled to receipt, it is probable that economic benefits will flow to the entity and the amount can be reliably measured.

1.5 Interest receivable/ Investment income

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

Investment income is recognised at the point it is unconditionally due to the charity.

1.6 Realised gains and losses

All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and opening market value (or purchase date if later). Unrealised gains and losses are calculated as the difference between the market value at the year end and opening market value (or purchase date if later). Realised and unrealised gains are not separated in the Statement of Financial Activities.

1.7 Expenditure

Resources expended are recognised on the accruals basis to match the period in which the expenditure was incurred.

Charitable activity expenditure comprises costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and costs of an indirect nature necessary to support them. Grants payable are at the discretion of the Trustees. Governance costs are those costs associated with the governance arrangements of the charity and relate to general running of the charity as opposed to those costs associated with charitable activities.

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Page 23

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

1.8 Operating leases

The trust classifies the lease of properties as operating leases as title remains with the lessor. Rental charges are charged on a straight line basis over the term of the lease.

1.9 Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of Trust.

Restricted funds are from donations and grants in which the donor or funder has specified are to be solely used for particular areas of the Trust’s work or for specific projects being undertaken by the Trust.

1.10 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life as follows:

Fixtures and fittings 15% reducing balance Office equipment 3 years straight line Plant and machinery 15% reducing balance

1.11 Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price (but excludes any transaction costs). Subsequently, investments are held at market value, with all realised and unrealised gains and losses passing through the SOFA.

1.12 Debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due to according to the original terms of the receivables.

Other debtors comprise amounts due from funders, prepayments and accrued income. Amounts due from funders are recognised when the charity is entitled to the money, prepayments arise from the payments for services prior to benefit from those services, and accrued income is amounts due for services provided, recognised at the point of provision of the services.

Where amounts are due but unable to be received in the next 12 months, they are accounted for as non-current. In the current year this is in relation to a bond provided against the pension liability.

1.13 Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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Page 24

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

1.14 Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

1.15 Defined contribution pension

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as staff pension expense through the profit and loss when they are due.

1.16 Defined benefit pension obligation

Certain employees of the charity are members of the Local Government Pension Schemes (LGPS) managed by Somerset County Council.

These are funded defined benefit schemes where the assets are held separately from those of the charity in separate Trustee administered funds. Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one of more factors such as age, years of service and compensation.

The liability recognised in the Balance Sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of the plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.

Actuarial gains and losses are recognised immediately in other gains and losses.

The net liability in the schemes at the date of the transfer of the employees from the respective councils is shown as a separate item in the Statement of Financial Activities.

1.17 Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

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Page 25

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

1.17 Critical accounting estimates and areas of judgement (cont.)

The present value of the Local Government Pension Scheme defined benefit liability depends on a number of factors that are determined on an actuarial basis using a variety of assumptions. The assumptions used in determining the net cost (income) for pensions include discount rate. Any changes in these assumptions, which are disclosed in note 15, will impact the carrying amount of the pension liability.

1.18 Taxation

As a registered charity, the company is not liable to corporation tax or capital gains tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax (VAT) is partially recoverable by the company. Any irrecoverable VAT is added to the relevant cost and charged as an expense in the Statement of Financial Activities.

1.19 Covid-19

The Trustees have considered the implication of the Covid-19 pandemic on the operations of the charity. The charity has been able to continue to deliver a number of its charitable services, although some have been curtailed by the pandemic. A slight reduction in income has been forecast however there are sufficient reserves to cover the temporary reduction. Taking into account all reasonable circumstances, the trustees believe that the charity remains a going concern and no adjustments to the accounts are necessary.

1.20 Financial Instruments

The charity only holds basic financial instruments as defined in FRS 102. The financial assets and liabilities of the charity and their measurements are as follows:

Financial assets – trade, other debtors and the pension bond are basic financial instruments and are debt instruments measured at amortised cost as detailed in note 18. Investment portfolios are basic financial instruments measured at fair value through the income and expenditure account. Prepayments are not financial instruments.

Cash at bank and deposit accounts– is classified as a basic financial instrument and is measured at face value.

Financial liabilities – trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost as detailed in note 18. Taxation and social security and the LGPS are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

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Page 26

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

2 Donations and legacies

2
Donations and legacies		 2
Donations and legacies		 2
Donations and legacies		 2
Donations and legacies		 2
Donations and legacies
Unres-
Res-
tricted
tricted
2021
funds
funds
Total
£
£
£
Other grant funding
23,898
196,318
220,216
Swim award sales
58
-
58
Exceptional government funding
Coronavirus JRS grant
128,024
-
128,024
Other Covid grants
11,500
-
11,500
163,480
196,318
359,798
3
Income from charitable activities		 Unres-
tricted
funds
£
16,580
503
-
-		 Res-
tricted
funds
£
272,513
-
-
-		 2020
Total
£
289,093
503
-
-
17,083 272,513 289,596
2020
Total
£
422,253
18,446
485,203
79,556
1,005,458
2020
Total
£
3,726
3,726
Unres-
tricted
funds
£
Fees for services and grants
Sports and other activities
182,230
Rent
17,618
Sports England
192,500
Gym membership and
classes
7,974
400,322		 Res-
tricted
funds
£
-
-
354,856
-		 2021
Total
£
182,230
17,618
547,356
7,974
755,178		 Unres-
tricted
funds
£
422,253
18,446
191,900
79,556		 Res-
tricted
funds
£
-
-
293,303
-
400,322 354,856 712,155 293,303
4
Investment income
Investment income Unres-
tricted
funds
£
2,934		 Res-
tricted
funds
£
-		 2021
Total
£
2,934
2,934		 Unres-
tricted
funds
£
3,726		 Res-
tricted
funds
£
-
2,934 - 3,726 -

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Page 27

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

5 Expenditure

----- Start of picture text -----
Unres- Res- Unres- Res-
tricted tricted 2021 tricted tricted 2020
funds funds Total funds funds Total
£ £ £ £ £ £
Charitable activities
Wages and salaries 330,062 359,170 689,232 365,653 284,559 650,212
Other staff costs 2,385 9,630 12,015 3,150 8,389 11,539
Office costs 53,406 17,729 71,135 84,244 7,910 92,154
Administration costs 43,331 9,312 52,643 78,838 23,832 102,670
Direct project costs 45,637 42,086 87,723 168,367 96,659 265,026
Legal and professional 10,849 300 11,149 18,315 1,330 19,645
Finance costs 3,408 61 3,469 6,733 137 6,870
- -
Depreciation 13,938 13,938 12,112 12,112
- -
Pension service costs 39,000 39,000 48,000 48,000
542,016 438,288 980,304 785,412 422,816 1,208,228
----- End of picture text -----

Active
Communities
£
Expenditure by activity (2021):
Wages and salaries
193,130
Other staff costs
8,090
Office costs
7,563
Administration costs
5,026
Direct project costs
21,353
Legal and professional
-
Finance costs
58
Depreciation
-
Pension service costs
-
235,220		 Active
Communities
£
Expenditure by activity (2021):
Wages and salaries
193,130
Other staff costs
8,090
Office costs
7,563
Administration costs
5,026
Direct project costs
21,353
Legal and professional
-
Finance costs
58
Depreciation
-
Pension service costs
-
235,220		 Active Child-
ren & Young
People
£
231,192
2,240
11,135
4,679
54,687
-
572
-
-		 Active
Adults
£
51,998
477
2,023
402
8,061
-
1,877
-
-		 Active
Workforce
£
38,562
1,040
109
1,455
3,580
300
3
-
-		 Active
Environ-
ments
£
-
-
-
-
-
-
-
-
-		 Central
costs
£
174,350
168
50,305
41,081
42
10,849
959
13,938
39,000		 2021
Total
£
689,232
12,015
71,135
52,643
87,723
11,149
3,469
13,938
39,000
235,220 304,505 64,838 45,049 - 330,692 980,304

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Page 28

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

5 Expenditure (cont.)

----- Start of picture text -----
Active Child- Active
Active ren & Young Active Active Environ- Central 2020
Communities People Adults Workforce ments costs Total
£ £ £ £ £ £ £
Expenditure by activity (2020):
-
Wages and salaries 121,173 231,102 82,902 55,523 159,512 650,212
Other staff costs 1,460 5,124 326 4,876 - (247) 11,539
Office costs 6,783 29,342 3,343 208 - 52,478 92,154
Administration costs 13,844 34,472 605 1,789 - 51,960 102,670
Direct project costs 43,671 171,328 34,523 17,632 5,000 (7,128) 265,026
Legal and professional 240 1,330 - 2,030 - 16,045 19,645
Finance costs 121 1,207 3,811 56 - 1,675 6,870
- - - - -
Depreciation 12,112 12,112
- - - - -
Pension service costs 48,000 48,000
187,292 473,905 125,510 82,114 5,000 334,407 1,208,228
----- End of picture text -----

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Page 29

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

6 Income and expenditure by public investor - 2021

----- Start of picture text -----
Sport Local Other Public Non-public
England Authority Sector income Total 2021
£ £ £ £ £
Revenue grants 547,356 80,189 114,270 25,757 767,572
- - -
Exceptional Government grants 139,524 139,524
- - - - -
Capital grants
- - -
Membership income 3,435 3,435
- - - - -
Sponsorship income
Other income - 17,300 9,837 180,242 207,379
Total income 547,356 237,013 124,107 209,434 1,117,910
Active Communities 69,446 44,185 121,589 - 235,220
-
Active Children & Young People 204,736 41,238 58,531 304,505
Active Adults - 33,734 - 31,104 64,838
Active Workforce 45,049 - - - 45,049
Active Environments - - - - -
Core costs 231,448 45,347 - 53,897 330,692
Total expenditure 550,679 164,504 121,589 143,532 980,304
Net income (3,323) 72,509 2,518 65,902 137,606
----- End of picture text -----

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Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

6 Income and expenditure by public investor - 2020

----- Start of picture text -----
Sport Local Other Public Non-public
England Authority Sector income Total 2020
£ £ £ £ £
Revenue grants 485,203 193,552 100,998 5,242 784,995
- - - - -
Capital grants
- - -
Membership income 68,964 68,964
- - - - -
Sponsorship income
Other income - 38,626 275 405,920 444,821
Total income 485,203 232,178 101,273 480,126 1,298,780
Active Communities 10,166 14,045 78,527 84,554 187,292
- -
Active Children & Young People 177,307 296,598 473,905
Active Adults - - - 125,510 125,510
Active Workforce 76,202 - - 5,912 82,114
Active Environments - 5,000 - - 5,000
Core costs 298,446 - 35,961 334,407
Total expenditure 562,121 19,045 78,527 548,535 1,208,228
Net income (76,918) 213,133 22,746 (68,409) 90,552
----- End of picture text -----

Amounts received from government grants are as listed above. There are no unfulfilled conditions or other contingencies attached to grants that have been recognised in income and the charity has not benefitted directly from other forms of government assistance.

7 Net income/ (expenditure) for the year

This is stated after charging

Depreciation of
owned assets
Operating lease expenses
Auditors’ remuneration for:
Current auditors
- Audit services
- Other services		 Total
2021
£
13,938
37,715
5,680
1,259		 Total
2020
£
12,112
5,674
6,900
1,013

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Page 31

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

8 Employees

Number of employees

The average monthly head count was during the year was as follows:

----- Start of picture text -----
2021 2020
Office staff 2 2
Projects staff 63 96
65 98
Employment costs 2021 2020
£ £
Wages and salaries 621,220 581,346
Social security costs 45,000 40,191
Other pension costs 23,012 28,675
689,232 650,212
The number of employees whose annual emoluments were £60,000 or more were:
2021 2020
number number
£60,000 - £70,000 1 1
----- End of picture text -----

The employee is member of the defined benefit pension scheme, into which contributions of £2,581 (2020: £12,086) were made.

During the year, total costs of £2,672 were paid in respect of two employee redundancies and has been included with the wages and salaries costs. The amounts were full and final with no outstanding amounts at the balance sheet date.

None of the Trustee Directors (or any persons connected with them) received any remuneration during the current or prior year. No (2020: one) Trustees Director were reimbursed travelling expenses (2020: £101).

Key management personnel comprises of the Chief Executive Officer, the Office Manager, the Finance Officer and the Senior Operations Manager (from April 2020). The total employee benefits (includes gross pay, employer pension and employer national insurance) of the key management personnel of the charity were £167,511 (2020: £128,617).

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Page 32

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

8 Employees (cont.)

Pension costs

The company operates both defined benefit and defined contribution pension schemes.

The charge to the Statement of Financial Activities for the year is shown above.

Contributions totalling £2,372 (2020 - £3,473) were payable to the schemes at the end of the year and are included in creditors. Further details of the defined benefit scheme are given in note 15.

9 Tangible fixed assets

----- Start of picture text -----
Office Fixtures Plant Total
equipment & Fittings & Machinery
£ £ £ £
Cost
At 1 April 2020 39,669 52,661 415 92,745
- -
Additions 7,985 7,985
At 31 March 2021 47,654 52,661 415 100,730
Depreciation
At 1 April 2020 26,002 23,123 344 49,469
Charge for the year 9,496 4,431 11 13,938
At 31 March 2021 35,498 27,554 355 63,407
Net book value
At 31 March 2021 12,156 25,107 60 37,323
At 31 March 2020 13,667 29,538 71 43,276
----- End of picture text -----

10 Investments

Shares in subsidiary undertaking
Listed Shares
Cash held by investment manager		 Total
2021
£
3
366,414
375
366,792		 Total
2020
£
3
289,630
750
290,383

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Page 33

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

10 Investments (cont.)

----- Start of picture text -----
Listed Shares 2021 2020
£ £
Market Value
At 1 April 2020 289,630 314,709
Additions 2,934 3,726
Disposals (375) (600)
Net gain / (loss) on revaluation 74,225 (28,205)
Market value as at 31 March 2021 366,414 289,630
2021 2020
£ £
Historical cost
At 1 April 2020 305,761 302,596
Additions 2,934 3,726
Disposals (312) (561)
At 31 March 2021 308,383 305,761
----- End of picture text -----

Shares in subsidiary undertaking

SASP Social Enterprises Limited (company no 08869128) was incorporated on 30 January 2014. It is a wholly owned trading subsidiary of Somerset Activity and Sports Partnership. The parent charity holds 100% of the issued share capital and 100% of the voting rights of the subsidiary trading company. The company became dormant on 31 July 2017 and transferred its trade and assets to the parent, Somerset Activity and Sports Partnership.

The profit for the year was £nil (2020: £nil) and the balance sheet total was £3 (2020: £3).

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Page 34

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

11
Debtors
Amounts falling due in less than one year
Trade debtors
Other debtors
Prepayments and accrued income
Amounts falling due in more than one year
Pension bond
12
Creditors: Amounts falling due within one year
Trade creditors
Other creditors and deferred income
Accruals
Taxation and social security
Amounts owed to group undertakings
Amounts held on behalf of external funders
Deferred income
Deferred income at 1 April 2020
Released from previous years
Resources deferred in the year
Deferred income at 31 March 2021		 2021
£
25,969
2,512
70,149
98,630
66,000
66,000		 2020
£
49,397
-
99,004
148,401
66,000
66,000
2021
£
39,193
36,276
21,443
13,294
3
102,334
212,543
2021
£
116,172
(116,172)
33,690
33,690		 2020
£
27,668
121,799
36,283
14,533
3
-
200,286
2020
£
71,375
(71,375)
116,172
116,172

Income is deferred where funding has been received for a specific time frame which is not yet met, or subject to conditions that are not in the charity’s control. This is comprised of amounts from Sport England, local government and LTA Tennis.

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Page 35

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

13
Summary of movement in funds – 2021		 13
Summary of movement in funds – 2021

Unrestricted funds
General
Pension fund
Restricted funds
Sport England
Children in Need 2017-3162/SW
Children in Need - Diversionary Activities
HPC - West Somerset DC CIM fund
SCC Move More Project
SCC Jump Start
SCC Disability Days
SCC Active Workforce
SCC Holiday Activity Fund
SCC Mental Health Grant
SCC Collaborative County
Avon and Somerset Police - Adult
SCC Revive Burnham
SW Health Science Network
Avon and Somerset Police - Children's
SCC We are Undefeatable
SCC Walking football
Somerset Community Foundation - Love to
Pluss - Revive
Community Resilience
Community Resilience
Pedal
Avon and Somerset Police - Jump start
Opening
balance
£
940,151		 Income
£
566,736		 Expenditure
£
(503,016)		 Transfers/
revaluation
£
92,710		 Closing
balance
£
1,096,581
(497,000) - (39,000) (223,000) (759,000)
443,151 566,736 (542,016) (130,290) 337,581
41,301
2,394
-
(985)
1,914
60,529
-
-
-
-
25,000
5,523
2,500
5,000
13,000
-
15,000
3,902

-
-		 354,855
7,668
32,366
29,627
12,258
2,161
3,996
3,573
10,000
-
-
7,500
-
-
19,920
-
-
21,434
45,816		 (288,890)
(5,118)
(32,853)
(9,290)
(5,197)
(11,538)
(2,901)
(3,573)
-
-
-
(3,820)
-
(13,000)
(19,920)
-
-
(4,800)
(37,388)		 (30,105)
-
-
-
-
-
9,377
-
-
-
-
-
-
-
-
7,281
-
-
-
(5,038)		 77,161
4,944
(487)
19,352
1,914
67,590
-
1,095
-
10,000
25,000
5,523
6,180
5,000
-
7,281
15,000
3,902
16,634
3,390
175,078 551,174 (438,288) (18,485) 269,479
618,229 1,117,910 (980,304) (148,775) 607,060

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Page 36

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

Summary of movement in funds – 2020 Summary of movement in funds – 2020

Unrestricted funds
General
Pension fund
Restricted funds
Sport England
Children in Need 2017-3162/SW
Children in Need - Diversionary Activities
HPC - West Somerset DC CIM fund
Sedgemoor DC Boccia Equipment
SDC- Serious organised crime
SCC Well Women Yeovil
SCC Well Women Bridgwater
SCC 30:30 Schools Project
SCC Children & Family Worker
SCC PATH Consultation Project
SCC Move More Project
SCC Jump Start
SCC Disability Days
SCC Acitive Workforce
SCC Foxes
SCC Mental Health Grant
SCC Collaborative County
Avon and Somerset Police - Adult
SCC revive Burnham
SW Health Science Network
Avon and Somerset Police - Children's
SCC We are Undefeatable
SCC Walking football
Community Resilience
Community Resilience
Opening
balance
£
948,967
(657,000)		 Income
£
732,964
-		 Expenditure
£
(737,412)
(48,000)		 Transfers/
revaluation
(4,368)
208,000		 Closing
balance
£
940,151
(497,000)
291,967 732,964 (785,412) 203,632 443,151
29,096
3,766
7,024
(712)
-
5,115
1,711
1,711
6,290
-
-
1,914
-
-
-
-
-
-
-
-
-
-
-
-		 293,153
7,668
33,217
39,790
-
-
-
-
-
-
-
-
65,783
1,906
2,854
9,545
5,000
25,000
26,400
2,500
5,000
13,000
15,000
20,000		 (250,285)
(9,040)
(40,241)
(45,181)
-
(5,115)
-
-
-
-
-
-
(5,254)
(27,871)
(2,854)
-
-
-
(20,877)
-
-
-
-
(16,098)		 (30,663)
-
-
5,118
-
-
(1,711)
(1,711)
(6,290)
-
-
-
-
25,965
-
(9,545)
(5,000)
-
-
-
-
-
-
-		 41,301
2,394
-
(985)
-
-
-
-
-
-
-
1,914
60,529
-
-
-
-
25,000
5,523
2,500
5,000
13,000
15,000
3,902
55,915 565,816 (422,816) (23,837) 175,078
347,882 1,298,780 (1,208,228) 179,795 618,229

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Page 37

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2020

13 Summary of movement in funds (cont.)

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Page 38

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

13 Summary of movement in funds (cont.)

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Page 39

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

14 Analysis of assets between funds

----- Start of picture text -----
Non- Net Creditors 2021
Fixed current current more than Total
assets assets assets one year
£ £ £ £ £
Unrestricted funds 404,115 66,000 626,466 - 1,096,581
Restricted funds - - 269,479 - 269,479
Pension reserve - - - (759,000) (759,000)
As at 31 March 2021 404,115 66,000 895,945 (759,000) 607,060
Non- Net Creditors 2020
Fixed current current more than Total
assets assets assets one year
£ £ £ £ £
Unrestricted funds 333,659 66,000 540,492 - 940,151
Restricted funds - - 175,078 175,078
Pension reserve - - - (497,000) (497,000)
As at 31 March 2020 333,659 66,000 715,570 (497,000) 618,229
----- End of picture text -----

15 Pension commitments

The majority of the charity’s employees are part of a defined contribution pension scheme. Contributions for this scheme are recognised as a cost when made in accordance with note 1.15 and there are therefore no liabilities other than contributions that remain outstanding at the year end as disclosed in note 10.

A small number of the charity’s employees belong to the Local Government Pension Scheme (LGPS) managed by Somerset County Council (“SCC”).

The pension costs are assessed in accordance with the advice of independent qualified actuaries. The latest full actuarial valuation was performed at 31 March 2019 and has been used by the actuary in valuing the pension liability at 31 March 2021.

At the year end there were no outstanding contributions due to the scheme.

The scheme is a funded defined benefit pension scheme, with assets held in separate Trustee-administrated funds. The total contributions made for the year ended 31 March 2021 were £17,000, of which employer’s contributions totalled £7,000 and employees’ contributions totalled £10,000. The current employer contribution rate for future years is 3.7%.

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Page 40

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

15 Pension commitments (cont.)

Summary of net pension liability as at 31 March 2021:

Summary of net pension liability as at 31 March 2021:
Present value of defined benefit obligations
Fair value of share of scheme assets
Deficit in the scheme
Indemnity provided
Net pension liability		 2021
£'000
(2,171)
1,412
(759)
-
(759)		 2020
£'000
(1,613)
1,116
(497)
-
(497)

Principal actuarial assumptions

The current mortality assumptions include sufficient allowance for the future improvements in mortality rates.

----- Start of picture text -----
2021 2020
Salary increases 3.85% 2.85%
Pension increases 2.85% 1.85%
Discount rate 2.05% 2.35%
CPI increases 2.85% 2.65%
RPI increases 2.55% 1.85%
The assumed life expectations on retirement age 65 are:
2021 2020
Retiring today
Males 23.1 23.3
Females 24.6 24.7
Retiring in 20 years
Males 24.4 24.7
Females 26.0 26.2
----- End of picture text -----

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Page 41

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

15 Pension commitments (cont.)

The Trust’s share of the assets and liabilities in the Somerset County Council Pension Fund are as follows:

----- Start of picture text -----
2021 2020
Fair % of total Fair % of total
value scheme value scheme
£'000 assets £'000 assets
Equities 1,020 72% 753 67%
Gilts 79 6% 73 7%
Other bonds 133 9% 112 10%
Property 95 7% 106 9%
Cash 85 6% 72 6%
Total market value of assets 1,412 100% 1,116 100%
Present value of scheme
liabilities - funded (2,171) (1,613)
Deficit in the scheme (759) (497)
----- End of picture text -----

The total return on fund assets was (£302,000).

Amounts recognised in the statement of financial activities are as follows:

Current service cost (net of employee contributions)
Net interest cost
Administration expenses
Total		 2021
£'000
(33)
(12)
(1)
(46)		 2020
£'000
(48)
(16)
(1)
(65)

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Page 42

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

15 Pension commitments (cont.)

Movements in the present value of defined benefit obligations were as follows:

2021
2020
£'000
£'000
At 1 April 2020
(1,613)
(1,910)
Current service cost
(33)
(36)
Interest cost
(38)
(46)
Estimated benefits paid
22
77
Employee contributions
(10)
(20)
Actuarial gains/(losses)
(517)
200
Experience gain on defined benefit obligation
18
122
At 31 March 2021
(2,171)
(1,613)
Movements in the fair value of the charity’s share of scheme assets were as follows:		 2021
2020
£'000
£'000
At 1 April 2020
(1,613)
(1,910)
Current service cost
(33)
(36)
Interest cost
(38)
(46)
Estimated benefits paid
22
77
Employee contributions
(10)
(20)
Actuarial gains/(losses)
(517)
200
Experience gain on defined benefit obligation
18
122
At 31 March 2021
(2,171)
(1,613)
Movements in the fair value of the charity’s share of scheme assets were as follows:		 2020
£'000
(1,910)
(36)
(46)
77
(20)
200
122
(1,613)
At 1 April 2020
Interest income
Expected return on Fund assets
Employer contributions
Employee contributions
Estimated benefits paid
Actuarial gains/(losses)
Administrative expenses
At 31 March 2021		 2021
£'000
1,116
26
276
7
10
(22)
-
(1)
1,412		 2020
£'000
1,253
30
(102)
17
8
(77)
(12)
(1)
1,116

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Page 43

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

16 Obligations under leases

Operating leases-

The total future minimum rentals payable under non-cancellable operating leases funded by unrestricted funds are as follows:

----- Start of picture text -----
2021 2020
Land and property: £ £
Operating lease which expire:
-
Within one year 39,616
Other:
Operating lease which expire:
Within one year 3,227 5,675
Within two and five years 3,838 5,841
46,681 11,516
----- End of picture text -----

17 Related party transactions

There were no other related party transactions other than with members of the group (2020: none).

Transactions with trustees are disclosed in note 8.

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Page 44

Somerset Activity and Sports Partnership Notes to the Financial Statements For the Year Ended 31 March 2021

18
Financial instruments		 18
Financial instruments
Categorisation of financial instruments
Financial assets measured at fair value through income
and expenditure account		 2021
£
366,417		 2020
£
289,633
Financial assets that are debt instruments measured at
amortised cost		 1,158,348 971,984
1,524,765
1,261,617
Financial liabilities measured at amortised cost 162,970 63,951
Item of income, expenditure, gain and loss
Income
£
2021
Financial assets measured at
2,934
fair value through income
and expenditure account
2,934
2020
Financial assets measured at
3,726
fair value through income
and expenditure account
3,726		 Expense
£
-
-
-
-		 162,970
Net gains
£
73,850
73,850
-
-
63,951
Net losses
£
-
-
(28,205)
(28,205)

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Page 45