| Trustees | Mr B E Clark | |||||
|---|---|---|---|---|---|---|
| Mr D Gale | ||||||
| Mr TJ Howell | ||||||
| Mrs M F Kinnear | ||||||
| Mrs SJ M Maurel | ||||||
| Ms A Pendlington | ||||||
| Ms C M Ryan | (Appointed | 24 September 2020) | ||||
| Mr A White | (Appointed | 24 September 2020) | ||||
| Ms VJ Woodcock-Downey | ||||||
| Mrs TWoodward | ||||||
| Secretary | Mrs S F Mason MBE | |||||
| Charity number | 1122082 | |||||
| Company | number | 06166961 | ||||
| Principal | address | and registered | office | University of Brighton Sports Centre |
||
| Falmer Campus | ||||||
| Brighton | ||||||
| East Sussex | ||||||
| BN1 9PH | ||||||
| Auditor | Carpenter Box |
|||||
| Amelia House | ||||||
| Crescent Road | ||||||
| Worthing | ||||||
| West Sussex | ||||||
| BN11 1RL | ||||||
| Bankers | Barclays Bank PLC | |||||
| Floor 27 | ||||||
| 1 Churchill Place |
||||||
| London | ||||||
| E145HP | ||||||
| Payroll | Plummer Parsons Accountants |
|||||
| 18 Hyde Gardens | ||||||
| Eastbo urn e | ||||||
| East Sussex | ||||||
| BN21 4PT | ||||||
| Solicitors | Rix & Kay Solicitors LLP | |||||
| The Courtyard | ||||||
| River Way | ||||||
| Uckfield | ||||||
| East Sussex | ||||||
| TN22 1SL |
| Page | ||
|---|---|---|
| Trustees' report |
1-16 | |
| Statement oftrustees' |
responsibilities | 17 |
| Independent auditor's |
report | 18-20 |
| Statement offinancial |
activities | 21 |
| Balance sheet | 22 | |
| Statement ofcash flows |
23 | |
| Notes to the financial | statements | 24-41 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| as restated | ||||||||
| Notes | F | |||||||
| Fixed assets | ||||||||
| Tangible assets | 12 | |||||||
| Current assets | ||||||||
| Debtors | 13 | 8,614 | 8,560 | |||||
| Cash at bank and | in | hand | 1,009,369 | 808,947 | ||||
| 1,017,983 | 817,507 | |||||||
| Creditors: | amounts | falling due within | ||||||
| one year | 14 | (122,156) | (94,633) | |||||
| Net current | assets | 895,827 | 722,874 | |||||
| Provisions | for liabilities | 15 | (333,000) | (97,000) | ||||
| Net assets | 562,827 | 625,874 | ||||||
| Income funds | ||||||||
| Restricted | funds | 17 | 506,639 | 347,984 | ||||
| Unrestricted | funds | |||||||
| Designated | funds | 18 | 88,314 | 103,090 | ||||
| General unrestricted |
funds | 300,874 | 271,800 | |||||
| Pension reserve | 16 | (333,000) | (97,000) | |||||
| 56,188 | 277,890 | |||||||
| 562,827 | 625,874 |
| Unrestricted | Unrestricted | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||||
| General | Designated | ||||||||
| Notes | 2021 f |
2021 E |
2021 | 2021 f. |
2020f | ||||
| Income from: | |||||||||
| Donations and |
legacies | 340,449 | 340,449 | 342,160 | |||||
| Charitable activities |
654,092 | 654,092 | 359,950 | ||||||
| Activities for generating | funds | 920 | 13,059 | 13,979 | 41,310 | ||||
| Investments | 560 | 560 | 1,495 | ||||||
| Total income | 1,480 | 13,059 | 994,541 | 1,009,080 | 744,915 | ||||
| Charitable activities |
|||||||||
| The development | of sport in | ||||||||
| Sussex | 241 | 835,886 | 836,127 | 711,547 | |||||
| Total charitable | expenditure | 241 | 835,886 | 836,127 | 711,547 | ||||
| Net incoming | resources | before | |||||||
| transfers | 1,480 | 12,818 | 158,655 | 172,953 | 33,368 | ||||
| Gross transfers | between | funds | 27,594 | (27,594) | |||||
| Net income for | the year/ | ||||||||
| Net incoming | resources | 29,074 | (14,776) | 158,655 | 172,953 | 33,368 | |||
| Other recognised gains |
and losses | ||||||||
| Actuarial (loss)/gain on defined |
|||||||||
| benefit pension | schemes | (236,000) | (236,000) | 198,000 | |||||
| Net movement | in funds | (206,926) | (14,776) | 158,655 | (63,047) | 231,368 | |||
| Fund balances | at 1 April | 2020 (as | |||||||
| restated) | 174,800 | 103,090 | 347,984 | 625,874 | 394,506 | ||||
| Fund balances | at 31 March 2021 | (32,126) | 88,314 | 506,639 | 562,827 | 625,874 |
| 2021 | 2020 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||||
| Cash flows from operating | activities | |||||||||
| Cash generated | from operations | 23 | 199,862 | 62,710 | ||||||
| Investing | activities | |||||||||
| Investment | income received | 560 | 1,495 | |||||||
| Net cash | generated from |
investing | ||||||||
| activities | 560 | 1,495 | ||||||||
| Net cash | used | in financing | activities | |||||||
| Net increase in |
cash and cash equivalents | 200,422 | 64,205 | |||||||
| Cash and | cash | equivalents | at beginning | ofyear | 808,947 | 744,742 | ||||
| Cash and | cash | equivalents | at end of | year | 1,009,369 | 808,947 |
| Donations | and l | egacies | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | |||||
| General | Designated | ||||||
| 2021 E |
2021 F |
2021f | 2020 | ||||
| Donations | and gifts | 1,712 | |||||
| Grants receivable | for core activities- | ||||||
| Sport England | 340,449 | 340,449 | 340,448 | ||||
| 340,449 | 340,449 | 342,160 |
| Unrestricted | Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||
| General | Designated | ||||||
| 2021 | 2021 | 2021 | 2021 | 2020 | |||
| F | F | ||||||
| Event tickets | 750 | 750 | 8,780 | ||||
| Shop income | 1,200 | 1,200 | |||||
| Letting and licensing | arrangements | 3,024 | 3,024 | ||||
| Sponsorships | 18,000 | ||||||
| Other fundraising | activites | 170 | 8,835 | 9,005 | 14,530 | ||
| 920 | 13,059 | 13,979 | 41,310 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| F | F | ||||
| The development | of sport | in Sussex | 654,092 | 359,950 | |
| Analysis by fund |
|||||
| Unrestricted | funds | - General | 2,750 | ||
| Unrestricted | funds | - Designated | 10,119 | ||
| Restricted | funds | 654,092 | 347,081 |
| Unrestricted | Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| General | Designated | |||||
| 2021 | 2021 | 2021 | 2021 | 2020 | ||
| f | E | E | ||||
| Interest | receivable | 560 | 560 | 1,495 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| E | f | ||||
| Staff costs | 383,461 | 388,274 | |||
| Other costs | 119,180 | 161,700 | |||
| 502,641 | 549,974 | ||||
| Grant funding | ofactivities (see note 8) | 272,407 | 97,387 | ||
| Share of | support costs (see note 9) | 52,169 | 52,043 | ||
| Share of | governance | costs (see note 9) | 8,910 | 12,143 | |
| 836,127 | 711,547 | ||||
| Analysis | by | fund | |||
| Unrestricted | funds - | General | 11,832 | ||
| Unrestricted | funds - | Designated | 241 | 60,576 | |
| Restricted | funds | 835,886 | 639,139 | ||
| 836,127 | 711,547 |
| 2021 | 2020 | ||
|---|---|---|---|
| Grants to institutions: | |||
| The development | of sport in Sussex | 330,825 | 97,387 |
| Other | (58,418) |
| Support | cos | ts | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Support | Governance | 2021 | Support | Governance | 2020 | ||||
| costs | costs | costs | costs | ||||||
| K | E | f. | f | ||||||
| Staff costs | 45,102 | 45,102 | 29,225 | 29,225 | |||||
| Rent: University | of | ||||||||
| Brighton | 2,975 | 2,975 | 16,983 | 16,983 | |||||
| Insurance | 4,092 | 4,092 | 776 | 776 | |||||
| LGPS Performance | |||||||||
| Bond | 5,059 | 5,059 | |||||||
| Accountancy | services | 8,910 | 8,910 | 9,000 | 9,000 | ||||
| Legal fees | 3,143 | 3,143 | |||||||
| 52,169 | 8,910 | 61,079 | 52,043 | 12,143 | 64,186 | ||||
| Analysed | between | ||||||||
| Charitable | activities | 52,169 | 8,910 | 61,079 | 52,043 | 12,143 | 64,186 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Number | Number | ||||||
| Sports development | |||||||
| Administration | |||||||
| Total | 12 | 12 | |||||
| Employment | costs | 2021 f |
2020 f. |
||||
| Wages and salaries | 361,784 | 349,157 | |||||
| Social security costs | 31,170 | 29,977 | |||||
| Other pension costs | 35,609 | 38,365 | |||||
| 428,563 | 417,499 | ||||||
| The number | ofemployees | whose annual | remuneration | was F60,000or more were | |||
| 2021 | 2020 | ||||||
| Number | Number | ||||||
| F60,001 - F70,000 | 1 | ||||||
| 12 | Tangible fixed assets | ||||||
| Computer | equipment | ||||||
| F | |||||||
| Cost | |||||||
| At 1 April 2020 | 12,728 | ||||||
| At 31 March | 2021 | 12,728 | |||||
| Depreciation | and impairment | ||||||
| At 1 April 2020 | 12,728 | ||||||
| At 31 March | 2021 | 12,728 | |||||
| Carrying amount |
|||||||
| At 31 March | 2021 | ||||||
| At 31 March | 2020 |
| 13 | Debtors | ||||
|---|---|---|---|---|---|
| Amounts falling due |
within one year: | 2021f | 2020f | ||
| Trade debtors | 2,228 | 1,677 | |||
| Prepayments | and accrued income | 6,386 | 6,883 | ||
| 8,614 | 8,560 | ||||
| 14 | Creditors: amounts | falling due within one year | |||
| 2021 | 2020 | ||||
| Other taxation | and social security | 14,777 | 16,582 | ||
| Trade creditors | 15,393 | 4,614 | |||
| Other creditors | 387 | 605 | |||
| Accruals and deferred | income | 91,599 | 72,832 | ||
| 122,156 | 94,633 |
| 15 | Provisions | for liabilities | 2021 | 2020 | |
|---|---|---|---|---|---|
| Notes | F | ||||
| Retirement | benefit obligations | 16 | 333,000 | 97,000 | |
| 333,000 | 97,000 |
| Key assumptions | Key assumptions | Key assumptions | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||
| 0/ | 0/ | ||||||||
| Discount | rate | 2.05 | 2.3 | ||||||
| Expected | rate | ofincrease of pensions | in payment | 2.85 | 1.8 | ||||
| Expected | rate | of salary | increases | 2.85 | 1.8 | ||||
| Mortality | assumptions | ||||||||
| The assumed | life expectations | on retirement | at age 65 are: | ||||||
| 2021 | 2020 | ||||||||
| Years | Years | ||||||||
| Retiring today | |||||||||
| - Males | 21.1 | 21.6 | |||||||
| - Females | 23.7 | 23.9 | |||||||
| Retiring in 20 |
years | ||||||||
| - Males | 21.9 | 22.5 | |||||||
| - Females | 25.0 | 25.3 | |||||||
| Amounts | recognised | in | the profit and | loss account: | |||||
| 2021 f |
2020f | ||||||||
| Current service cost | 16,000 | 27,000 | |||||||
| Net interest on defined |
benefit | liability/(asset) | 2,000 | 7,000 | |||||
| Total costs | 18,000 | 34,000 |
| 16 | Retirement benefit schemes |
Retirement benefit schemes |
(Continued) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Amounts taken to other comprehensive |
income: | |||||||||||
| 2021 | 2020 | |||||||||||
| F | F | |||||||||||
| Actual return on scheme assets |
(257,000) | 116,000 | ||||||||||
| Less: calculated interest element |
28,000 | 33,000 | ||||||||||
| Return on scheme assets |
excluding | interest | income | (229,000) | 149,000 | |||||||
| Actuarial changes related |
to obligations | 456,000 | (368,000) | |||||||||
| The amounts included |
in the |
balance | sheet | arising | from | the | trust's | |||||
| obligations in respect ofdefined |
benefit | plans are as follows: | ||||||||||
| 2021 | 2020 | |||||||||||
| F | ||||||||||||
| Present value of defined benefit |
obligations | 1,807,000 | 1,301,000 | |||||||||
| Fair value of plan assets | (1,474,000) | (1,204,000) | ||||||||||
| Deficit in scheme | 333,000 | 97,000 | ||||||||||
| Movements in the present |
value | of defined | benefit obligations: | |||||||||
| 2021 | ||||||||||||
| F | ||||||||||||
| Liabilities at 1 April 2020 | 1,301,000 | |||||||||||
| Current service cost | 16,000 | |||||||||||
| Contributions from scheme |
members | 4,000 | ||||||||||
| Actuarial gains and losses |
456,000 | |||||||||||
| Interest cost | 30,000 | |||||||||||
| At 31 March 2021 | 1,807,000 |
| Movements | in the fair value of plan assets: | in the fair value of plan assets: | |||
|---|---|---|---|---|---|
| 2021 | |||||
| f. | |||||
| Fair value ofassets at 1 April 2020 | 1,204,000 | ||||
| Interest income | 28,000 | ||||
| Return on plan assets (excluding |
amounts | included | in net interest) | 229,000 | |
| Contributions | by the employer | 10,000 | |||
| Contributions | by scheme members | 4,000 | |||
| Other | (1,000) | ||||
| At 31 March | 2021 | 1,474,000 |
| Sensitivity ana |
lysis: | |||
|---|---|---|---|---|
| Approximate | monetary | |||
| amount | ||||
| 2020 | ||||
| F | ||||
| 0.5% increase | in Real Discount Rate | 189,000 | ||
| 0.5%increase | in the Salary Increase Rate | 7,000 | ||
| 0.5%increase | in the Pension Increase Rate | 182,000 | ||
| The fair value | of plan assets at the reporting | period end was as follows: | ||
| 2021 | 2020 | |||
| F | f | |||
| Equity instruments | 1,117,000 | 854,840 | ||
| Debt instruments | 221,000 | 204,680 | ||
| Property | 111,000 | 120,400 | ||
| Cash | 25,000 | 24,080 | ||
| 1,474,000 | 1,204,000 |
| The inc | ome funds of | t | he charity include |
restricted funds com |
prising the following unexpended balan |
prising the following unexpended balan |
prising the following unexpended balan |
ces of donation | s and grants held on trust f |
s and grants held on trust f |
or specific p | urposes: |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Movement in funds |
Movement in funds |
|||||||||||
| Balance at 1 April 2019 |
Incoming resources |
Resources expended |
Transfers (as restated) |
Balance at 1 April 2020 |
Incoming resources |
Resources expended |
Transfers 31 |
Balance at March 2021 |
||||
| (as restated) | ||||||||||||
| E | E | f | F | |||||||||
| Active Kids / Disability | 8 Inclusion | 2,178 | (486) | (1,692) | (24) | 400 | 376 | |||||
| Active Lives | 17,700 | (14,195) | 3,505 | 10,325 | (29,734) | 17,700 | 1,796 | |||||
| Primary | Role | 85,486 | 340,448 | (267,663) | (42,128) | 116,143 | 340,449 | (283,203) | (46,780) | 126,609 | ||
| CSP General Administration | 46,754 | (31,523) | 6,545 | 21,776 | (32,156) | 22,545 | 12,165 | |||||
| DfE Volunteering | 8,848 | 14,600 | (12,089) | (400) | 10,959 | 8,000 | (9,699) | 9,260 | ||||
| Primary Satelite |
School Support Club Local Delivery |
55,702 77,563 |
56,888 177,226 |
(59,020) (140,118) |
(10,316) 16,487 |
43,254 131,158 |
33,185 193,332 |
(68,729) (172,512) |
(7,248) (6,545) |
462 145,433 |
||
| School | Games | 46,733 | 49,000 | (74,672) | 128 | 21,189 | 28,250 | (44,657) | 21,928 | 26,710 | ||
| Workforce Investment |
3,573 | 40,000 | (39,373) | (4,200) | 40,000 | (35,471) | (2,000) | 2,529 | ||||
| Tackling | Inequalities | fund | 341,000 | (159,701) | 181,299 | |||||||
| 326,837 | 695,862 | (639,139) | (35,576) | 347,984 | 994,541 | (835,886) | 506,639 |
| Movement | Movement | in funds | Movement | Movement | in funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Transfers | Balance at | Incoming | Resources | Transfers | Balance at | ||||||
| 1 April 2019 | resources | expended | 1 April 2020 | resources | expended | 31 March 2021 | ||||||||
| Active | Healthy Workplace |
4,860 | (4,860) | |||||||||||
| Charitable Fundraising |
59 | (59) | ||||||||||||
| End of | Contract Provision | 24,638 | 5,812 | 30,450 | 7,786 | 38,236 | ||||||||
| Primary | Business Income | 20,000 | 6,624 | 26,624 | 10,245 | 36,869 | ||||||||
| Sussex | Sports Awards | 8,049 | 25,227 | (26,615) | (4,682) | 1,979 | (236) | 1,743 | ||||||
| Club Coach Volunteer | Workshops | 1,376 | 4,645 | (6,242) | 96 | (125) | 2,814 | 1 | 2,690 | |||||
| Coach | Education | 13,099 | (13,099) | |||||||||||
| Fundraising service |
36,321 | (3,635) | 32,686 | (12) | (32,674) | |||||||||
| Parallel | Youth Games | 6,204 | 3,045 | (5,685) | 5,212 | 8,776 | 8,776 | |||||||
| Future | proof Performance | Framework | (5,300) | 8,000 | 2,700 | 6 | (2,706) | |||||||
| 114,606 | 39,541 | (60,576) | 9,519 | 103,090 | 13,059 | (241) | (27,594) | 88,314 |
| Unrestricted | Designated | Restricted | Total | Unrestricted | Designated | Restricted | Total | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | funds | ||||||
| 2021 | 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | 2020 | ||||
| E | E | E | E | E | E | ||||||
| Fund balances | at 31 March 2021 are represented | ||||||||||
| by: | |||||||||||
| Current | assets/(liabilities) | 895,827 | 895,827 | 295,414 | 103,090 | 324,370 | 722,874 | ||||
| Provisions | and | pensions | (333,000) | (333,000) | (97,000) | (97,000) | |||||
| 562,827 | 562,827 | 198,414 | 103,090 | 324,370 | 625,874 |
| non-ca | ncell | able operating leases, which fall due a |
s follows: | |
|---|---|---|---|---|
| 2021 | 2020 | |||
| Within | one | year | 18,757 | 18,564 |
| 2021 | 2020 | ||
|---|---|---|---|
| E | E | ||
| Aggregate | compensation | 247,886 | 249,791 |
| 23 | Cash generated from |
operations | operations | 2021 | 2020 | ||
|---|---|---|---|---|---|---|---|
| F | |||||||
| Surplus for the year |
172,953 | 33,368 | |||||
| Adjustments for: |
|||||||
| Investment income recognised |
in statement | offinancial | activities | (560) | (1,495) | ||
| Movements in working |
capital: | ||||||
| (Increase)/decrease in |
debtors | (54) | 38,675 | ||||
| Increase/(decrease) in |
creditors | 27,523 | (7,838) | ||||
| Cash generated from |
operations | 199,862 | 62,710 | ||||
| 24 | Analysis ofchanges |
in net funds |