2021-03-31-accounts - Ashford Leisure Trust Limited

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		Page
Report of the Trustees		t to3
independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet		Sto7
Notes to the Financial Statements		8to 13

								31/3/21	31/3/21		31/3/20
					Unrestricted	Restricted	Total	funds		Total	funds
					funds	funds
				Nel				2
				ss
INCOMING RESOURCES
Incoming resources from		generated
funds
Investment income				2	303				303		23,782
Incoming resources from		charitable
activities
Operation of leisure and recreational			sites		833,506			833,585		2,881 538
Total incoming resources					833,809			833,809		2,885,320
RESOURCES EXPENDED
Charitable activities
Operation of leisure and recreational			sites		961,649	4,921		888	5711	2.923,822
NET INCOMING/(OUTGOING)
RESOURCES BEFORETRANSFERS					(127,840)	(4,921)	(132,761)				(38,502)
Gross transfers between		funds
Net incoming/(outgoing) before other recognised	resources gains and		losses		(127,840)	(4,921)	(132,761)				(38,502)
Other recognised gains/losses
Gains/losses on investment		assets			(7,958)			(7,958)
Scheme deficit transferred					1,331,000		1,331,000
Actuarial gains/losses on defined benefit
schemes											408,000
Net movement in funds					1,195,202	(4,921)	1,190,281				369,498
RECONCILIATION OF FUNDS
Total funds brought forward					(510,795)	4,921	(505,874)			(875,373)
TOTAL FUNDS CARRIED		FORWARD

	At 3	1 March 2021
					31/3/21		31/3/20
		Unrestricted	Restricted	Total	funds	Total	funds
		funds	funds
	Not	2	2		2		2
	es
FIXEDASSETS
Tangible assets							89,695
CURRENT ASSETS
Stocks							11,787
Debtors	7	110,327			110,327		75,032
Investments	8	492,042			492,042
Cash at bank and in hand		98,138			98 138		864,197
		700,507			700,507		951,016
CREDITORS
Amounts falling due within one year	9	(16,100)			(16,100)	(206,472)
NET CURRENT ASSETS		684,407			684,407		744,544
TOTAL ASSETSLESSCURRENT
LIABILITIES		684,407			684,407		834,239
CREDITORS
Amounts falling due after more than one	10						(9,114)
year
PENSION LIABILITY	12					(1,331,000)
NET ASSETS/(LIABILITIES)
FUNDS
Unrestricted funds					684,407	(510,795)
Restricted funds							4 921
TOTAL FUNDS					884,4117	~5II5.875l

Net resources	are stated	aher charging/(crediting):
			31/3/21	31/3/20
			2
Depreciation	-owned assets		15,119	36,424
Deficit on disposal offixed asset Other pension costs			68,409 24,277	6,385 150,643
Independent	Examiner's	remuneration	1,800
Auditors' remuneration				8,705

									31/3/21	31/3/20
Wages and salaries Social security costs									470,705 47,035	1,492,071 69,758
Other pension	costs								24277	150,643
									542,017	1,712,472
The average	monthly	number		ofemployees		during the	year was	as follows:
									31/3/21	31/3/20
									2	5
									3	7
									50	141
									55	153
The number	of employees		whose		employee	benefits	(excluding	employer	pension	costs) exceeded
260,000was:
									31/3/21	31/3/20
2130,001 - 2140,000										1
2220,001 - 2230,000
										1

	Notes to the Financial Statements - continued for the Year Ended 31 March 2021
6.	TANGIBLF. FIXEDASSETS
			Plant and
			machinery
			stc
			2
	COST
	At 1 April 2020		376,729
	Additions		6,708
	Disposals		t383,437)
	At 31 March 2021
	DEPRECIATION
	At 1 April 2020 Charge for year		287,034 15,119
	Eliminated on disposal		~302,153)
	At 31 March 2021
	NET BOOK VALUE
	At 31 March 2021
	At 31 March 2020		89,695
7.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
		31/3/21	31/3/20
			2
	Trade debtors	9,732	59,466
	Other debtors	100,595	15,566
		110,327	~75 032
8.	CURRENT ASSET INVESTMENTS
		31/3/21	31/3/20
		2
	Other	492,042
9.	CREDITORS: AMOUNTS FALI.ING DUE WITHIN ONE YEAR
		31/3/21	31/3/20
	Finance lease		6,462
	Trade creditors		52,978
	Taxation and social security Other creditors	15,154	24,726 122 3116
		16.100	206.412

31/3/21	31/3/20
	9,1'I4

Comparatives	for mo	vement in funds
				Net
				movement in
			At 1/4/1 9 f	funds f	At 31/3/20
Unrestricted	Funds
General fund			725,657	94,547	820,204
Pension reserve			51,651,000'I	680000	~1,331,0005
			(885,343)	374,547	(510,796)
Restricted Funds
North School Funding The Heart Group		of Ashford School Games	7,589 2,381	(4,574) ~475	3,015 1,906
			9,970	(5,049)	4,921
TOTALFUN	DS		~858 3131	369,498	~505 815

Comparative net move	ment in fu	nds, includ	ed in the above	are as follows:
			incoming resources	Resources expended f	Gains and losses	Movement in funds
Unrestricted funds
General fund			2,849,623	(2,755,076)		94,547
Pension reserve				~128000)	~408000	~280 000
			2,849,623	(2,883,076)	408,000	374,547
Restricted funds
North School Funding Games	ofAshford	School	35,187	(39,761)		(4,574)
Ashford 5 District Heart Funding The Hea5t Group			510	(510) ~475)		~475)
			35,697	(40,746)		(5,049)
TOTAL FUNDS			2 885,320	(2~923822)	~408 000	~369498

A current year 12mon	ths	and pri	or year 12months combi	ned	position is a	s f	ollows:
					Net		Scheme
				movement in			deficit
			At \/4/19		funds	transferred		At 31/3/21
					2				2
Unrestricted funds
General fund			725,657		(41,250)			684,407
Pension reserve			i1 611,001))		280,000	1,331,000
			(885,343)		374,547			374,547
Restricted funds
North School Funding	of	Ashford	School
Games The Heart Group			7,589 2,381	(7,589) ~2,381)
			9.970	~9,970
TOTAL FUNDS			~873,373)		22878D	1331.000		684,4D7
A current year 12months		and prior year 12months combined			net movement		in funds,	included	in	the
above are as follows:
			Incoming	Resources		Gains and		Movement		in
			resources	expended			losses		funds
			E		2		2
Unrestricted funds
General fund			3,683,429	(3,844,721)			400,042	238,750
Restricted funds
North School Funding	of	Ashford	School
Games			35,187		(42,776)				(7,589)
Ashford &District Heart The Heart Group		Funding	510	(510) ~2.38))				~2.38))
			35697	~45.667)				~9.970)
TOTAL FUNDS
PENSION COMMITMENTS