##
|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|
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||||||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|
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|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|
##
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##
|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|
##
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|||||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||||||
##
##