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2021-03-31-accounts

(a charitable company limited by guarantee) and subsidiary company

Annual Report and Consolidated Financial Statements

Year ended: 31 March 2021

Registered Charity No. 1129019 Registered Company No. 06848040

Belper Leisure Centre Limited (a charitable company limited by guarantee) and subsidiary company

Group Annual Report and Financial Statements

Year ended: 31 March 2021

Registered Charity No. 1129019 Registered Company No. 06848040

Contents Pages
Group Annual Report 1 to 16
Consolidated Statement of Financial Activities 17
Consolidated Balance Sheet 18
Company Balance Sheet 19
Consolidated Statement of Cash Flows 20
Notes to the Accounts 21 to 31
Directors’/Trustees’ Responsibilities 32
Auditors’ Report 33 to 35

BELPER LEISURE CENTRE LIMITED (a charitable company limited by guarantee) and subsidiary company

Group Annual Report for the year ended 31 March 2021

The trustees, who are also directors, are pleased to present their report and group accounts for the year ended 31 March 2021. This report combines the charity trustees’ annual report and the directors’ annual report as required by company law.

Constitution

By virtue of the Memorandum and Articles of Association dated 12 March 2009 the Charity is known as ‘Belper Leisure Centre Limited’.

Registered Charity Number:

1129019

Registered Company Number:

06848040

Registered Office and Principal Office:

John O’Gaunts Way Kilbourne Road Belper Derbyshire DE56 0DA

All Correspondence to:

Mrs Rachael Vickers Chief Executive Officer Belper Leisure Centre John O’Gaunts Way Kilbourne Road Belper Derbyshire DE56 0DA

Auditors: C J Lucking & Co 34 Cross Street, Long Eaton, Nottingham NG10 1HD Bankers: Handelsbanken 4 Pinnacle Way, Pride Park, Derby DE24 8ZS Solicitors: Flint Bishop St Michael’s Court, St Michael’s Lane, Derby DE1 3HQ

Subsidiary: Belper Sports Centre Services Limited John O’Gaunts Way, Kilbourne Road, Belper, Derbyshire DE56 0DA Registered company number 03538305

1

BELPER LEISURE CENTRE LIMITED (a charitable company limited by guarantee) and subsidiary company

Group Annual Report for the year ended 31 March 2021 (continued)

Members, Directors and Officers serving during the year and since the year end were as follows:

Members:

The Governing Body of Belper School Nominated member representative: Mrs R Hatchett (resigned 31[st] Aug 2020) Mr S Gregson (commenced 14[th] Oct 2020)

Derbyshire County Council Nominated member representative: Councillor D Taylor Independent members: Mr A Evans Mr S A Holliday (resigned 7 January 2021) Mr B Murphy Miss H Burton Nominated Chair: Mr A Evans Directors and Trustees: Mr A Evans Mr B Murphy Mr S A Holliday (resigned 7 January 2021) Miss H Burton Mrs M Wesson Councillor P Makin

Governing Body of Belper School Nominated Director: Mrs M Wesson Derbyshire County Council Nominated Director: Officers: Chief Executive Officer: Mrs R Vickers Company Secretary: Mr A Bosley Finance Manager: Mr A Bosley

Councillor P Makin

2

BELPER LEISURE CENTRE LIMITED (a charitable company limited by guarantee) and subsidiary company

Group Annual Report for the year ended 31 March 2021 (continued)

Principal Activity

The principal activity of the charitable company and its subsidiary company is the provision of facilities for swimming and other educational, sporting and recreational activities for schools and the local community.

Structure, Governance and Management

Belper Leisure Centre Limited is a company limited by guarantee, incorporated in England, and a registered charity governed by the Memorandum and Articles of Association dated 12 March 2009.

The Company was formed following a Charity Commission Review Visit during September 2006, when it was confirmed that a fundamental review of the governance of the Charity was required. The Trust subsequently met with all of the requirements of the Review and commenced operations as a charitable company limited by guarantee in April 2009.

This report includes the activities of the wholly owned subsidiary, Belper Sports Centre Services Limited.

Appointment of Directors

Belper School and Derbyshire County Council each have the right, while they are members of the Charity, to appoint one nominee Director to the board. Other Directors can be appointed by the members at a general meeting or by the Directors. If a person is appointed by the Directors that person must retire at the next general meeting of members and stand for re-election if they wish.

Director Induction and Training

With the assistance of the Charity’s legal advisers and the Company Secretary, newly appointed Directors are advised of their responsibilities and duties as Directors of a Charitable Company registered under the Companies Act 2006. Newly appointed Directors are also given a breakdown of the activities of the Charity by the Chief Executive Officer of the Company. Ongoing advice and guidance is provided by the Company’s legal advisers.

Organisation

The Board of Directors is made up of one nominated Director from each of the Corporate Members and three independent Directors, who effectively administer the Charity. The Board undertook to meet approximately every twelve weeks.

The Chief Executive Officer of the Charity continues to be responsible for all day-to-day operations. In order to facilitate this responsibility, the Chief Executive Officer has delegated authority, within approved parameters, for all operational matters including finance, employment and Charity related activities.

The Chief Executive Officer’s remuneration is based on a post carrying similar all-round responsibility for the overall management and development of an organisation within the private sector. Other senior posts are based on similar private/public sector positions in conjunction with added responsibilities conducive to an independent charitable company.

3

BELPER LEISURE CENTRE LIMITED (a charitable company limited by guarantee) and subsidiary company

Group Annual Report for the year ended 31 March 2021 (continued)

Organisation (continued)

During the year the following organisations provided the Charity with professional assistance:

Legal services were provided by Flint Bishop Solicitors. Personnel services were provided by a Personnel Officer operating with consultancy support from Flint Bishop Solicitors.

The Charity commissioned a statutory audit during the year that was undertaken by C J Lucking & Co.

Related Parties

The Charity continued to operate under a formal Service Level Agreement with Derbyshire Health for the delivery of referral care for residents of Amber Valley (figures relating to this activity are contained within this report).

Amber Valley Borough Council (AVBC) continued to provide a grant for community leisure to the company under a ‘Contract for Services’ arrangement. Similarly, the company maintained a ‘Contract for Services’ with Derbyshire County Council (for the provision of swimming pool time for Area School Swimming Lessons) and worked towards a Service Level Agreement with Belper School for Physical Education and examination provision.

In respect of the above arrangements a summary of the financial transactions with these organisations is contained within the accounts.

A Trading Company, Belper Sports Centre Services Limited continued to operate the licensed bar, catering and vending services, on behalf of the Charity. The Trading Company was granted a ‘Licence to Occupy’ by the Charity and any profits that arise are gift aided to the Charity. The activities of both companies have been consolidated in these accounts.

Organisation Structure

The Charity is controlled by the Board of Directors.

Risk Management

The Charity recognised that risks arise from operational, non-operational, financial and nonfinancial risks areas and undertook to mitigate such by way of a comprehensive Risk Management process.

In respect of this the Charity undertook to ensure that all risks as known and understood, in relation to the activities of the Charity, were mitigated by appropriate management systems, practices and procedures. Reviews continued to be undertaken annually or as required on an ongoing basis.

It is to be considered that the focus on risk has continued to ensure better forward planning and has determined a much greater emphasis on service standards, operational policies and procedures. To this end the Charity’s accrued reserves have, to an extent, mitigated the financial effects of the Pandemic.

4

BELPER LEISURE CENTRE LIMITED (a charitable company limited by guarantee) and subsidiary company

Group Annual Report for the year ended 31 March 2021 (continued)

Objects and Activities

The Charity’s Objects continued as being:

To provide, or assist in the provision of, facilities for education (including but not limited to satisfying the National Curriculum, examination and extra curriculum needs) of Belper School and local schools (including without limitation primary schools and secondary schools); and

To provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time education of persons who have need of such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances with the object of improving their conditions of life.

The Charity shall ensure that both objects are pursued with equal importance.

To this end the Charity continued to:

Strategic report

In determining the Charity’s strategic aims and activities the Trustees have had regard to the Charity Commission’s guidance on public benefit. The Charity’s facilities enabled three key areas of activity for the public benefit to be undertaken; education, community and social, however the Charity’s primary purpose continued to provide for two key areas of activity which were educational and community leisure. The third area of activity, social, is in the main administered by the Trading Company on behalf of the Charity.

The education programme primarily involved Belper School, who hold a formal Service Level Agreement (SLA) with the Charity for the provision of PE/examination facilities. The SLA specifies the facilities available and the times covered, scope of use, appeals and arbitration process, prime contacts and monitoring and charging agreements. Further, the Charity continued to maintain communication and limited operational links with Belper School throughout the year.

5

BELPER LEISURE CENTRE LIMITED (a charitable company limited by guarantee) and subsidiary company

Group Annual Report for the year ended 31 March 2021 (continued)

Strategic report (continued)

The Charity also held an SLA with Derbyshire County Council to provide a swimming facility for area primary schools. However, due to the lockdown process primary schools did not attend.

When able to do so, community leisure was undertaken in two ways:

The support grant from AVBC requires specified hours of usage and compliance with a number of agreed activity prices within Amber Valley.

When able, the Charity operated both casual and structured activity programmes aimed at providing the community with a variety of leisure activities. However, most clubs were unable to operate, including a variety of Martial Arts, badminton, basketball, volleyball, cricket, competitive swimming, canoeing, netball, jogging and triathlon that would normally operate from the premises. Additionally, sports development programmes, managed by the AVBC Sports Development Unit, were not undertaken. The Charity agreed with AVBC that the Annual Report ‘Healthy Lifestyle and Key Performance Indicators’ would not be prepared for AVBC.

Achievements and Performance

BLC 3G Football Turf Pitch Football Development Plan April 2020 – March 2021

Despite the various lockdowns we did continue to maintain a limited approach to the 5-Year Football Development Plan. We continued to try and apply a strategic approach to all aspects of participation levels. This was dictated by the lockdown scenarios throughout the year.

The programme included a structured pathway of initiatives and programmes which catered for a wide range of the community in terms of age groups, genders, and inclusivity.

The Objectives:

In line with the FA's National Game Strategy and Derbyshire County FA's Strategy:

6

BELPER LEISURE CENTRE LIMITED (a charitable company limited by guarantee) and subsidiary company

Group Annual Report for the year ended 31 March 2021 (continued)

Achievements and Performance (continued)

BLC 3G Football Turf Pitch Football Development Plan April 2020 – March 2021 (continued)

Belper Sports Football Club

As part of the operational development of the 3G pitch, the Charity maintained communication with Belper Sports FC as a key partner of the Football Development Plan. The relationship with Belper Sports FC was initiated to combine the joint considerations and proposals for developing the worth of the 3G pitch along with furthering the aims and aspirations of Belper Sports FC.

To this end it is considered that the joint development approach will help to further the aims of local schools, clubs and community groups who wish to become involved at playing, coaching, or administering the game.

Belper Leisure Centre is the training hub for the Club during the period September to March.

7

BELPER LEISURE CENTRE LIMITED (a charitable company limited by guarantee) and subsidiary company

Group Annual Report for the year ended 31 March 2021 (continued)

Achievements and Performance (continued)

BLC 3G Football Turf Pitch Football Development Plan April 2020 – March 2021 (continued)

Community usage of the 3G Pitch

Adult/Junior Usage:

Bargate Rovers FC Belper Sports FC Belper Sports FC Academy Belper Sports Ladies FC Belper Town Academy (NPLFA) Belper Town Ladies FC Belper United FC Belper United Juniors Codnor Boys DCCT Talent Identification Programme DCCT Ability Counts Club Derby United Furniss 5v5 Holbrook St Michaels Holbrook St Michaels Juniors Howarth Loscoe AFC Millhouse 5v5 Pottery Players Ripley Town Spencer 5v5 and 7v7 St John’s Dads Truckers

Over the course of a 12-month period, 15,041 block booking and casual booking users have used the 3G facility. Adult usage of the facility slightly outweighs that of junior users (Juniors 7,482; Adults 7,559). The Block and Casual user attendances have been severally affected by the Covid pandemic, resulting in data only being collated for two quarter periods (JulySeptember and October-December). The 3G pitch was closed during July and November.

8

BELPER LEISURE CENTRE LIMITED (a charitable company limited by guarantee) and subsidiary company

Group Annual Report for the year ended 31 March 2021 (continued)

Achievements and Performance (continued)

BLC 3G Football Turf Pitch Football Development Plan April 2020 – March 2021 (continued)

Peak Season use:

During peak months of September to March the 3G pitch operates at full capacity between 18:00 – 21:00 with a small number of available slots between 17:00 – 18:00 and 21:00 – 22:00. Available daytime usage is between 10:00 – 12:00 which is fulfilled by one Belper Town Academy squad three times a week from September to November 2020. The Academy relocated to a new facility behind Belper Town’s ground from December 2020. Other Belper Town associated teams moved training venues from December 2020 as well. These spaces have been back-filled by new or current users. Weekend usage has increased with the addition of more block bookings, regular two-hour match bookings from Belper Sports FC on Sundays. Due to the Covid pandemic no Derbyshire FA Coach Education courses have been able to run during the year. There is a move to more courses being delivered online, so this may reduce future centre usage.

During a typical booking period in the peak period of September to March, most bookings are block-booked during this period.

The 3G pitch is set-up to open 87 hours per week (Monday-Friday and Sunday 8am-10pm; Saturday 8am-6pm). During the peak season (September to March), the pitch is utilised on average 40 hours per week. However, this was hampered throughout the year.

9

BELPER LEISURE CENTRE LIMITED (a charitable company limited by guarantee) and subsidiary company

Group Annual Report for the year ended 31 March 2021 (continued)

Achievements and Performance (continued)

BLC 3G Football Turf Pitch Football Development Plan April 2020 – March 2021 (continued)

Peak Season use: (continued)

Off-season use:

Ordinarily there is a decrease in pitch usage throughout the summer months in terms of block bookings due to the break in the Football season. This was compounded by the Covid pandemic. During the summer months and holiday periods our usage usually changes to camps, training days and festivals, such as: Derby County Community Trust (DCCT) holiday camps which run during the school holidays from 9:00 – 15:00, DCCT Talent Identification Programme (TIPs) events which run from 10:00 – 16:00, Walking Football Festivals 10:00 – 13:00, Belper Sports FC Football Festivals 10:00 – 14:00 and FA Coach Education training events. Despite most block bookings breaking for the summer and the Covid pandemic causing most events to be cancelled, we still managed to maintain an excellent programme of usage by holiday camps when we were able to reopen in the summer of 2020.

Most usage during the Off-peak months is through the operation of holiday camps operated by DCCT which operate Mon-Fri 9-3pm during school holidays.

10

BELPER LEISURE CENTRE LIMITED (a charitable company limited by guarantee) and subsidiary company

Group Annual Report for the year ended 31 March 2021 (continued)

Access and Equality

The following is written in conjunction with the Covid-19 Lockdown schedules occurring throughout the reporting period. Throughput numbers are low and given in conjunction with the limited times available to the public.

As outlined in the previous section the 3G Football Turf Pitch (FTP) 4,721 adults and 6,730 junior visits were made in block/contract bookings during the year. Casual bookings accounted for a further 2,555 adults and 465 juniors. 203 Walking Football, 80 other adult activities, 287 for DCCT Holiday Camps.

With regards to access and equality the stroke club could not operate from the premises fortnightly throughout 2020/21. Palms Health and Fitness Suite continued to host regular visits from the Whitemoor Centre, which is an accommodation centre for persons with mental and physical handicaps and throughout the year provided the Whitemoor Centre with a highly regarded exercise and social benefits programme (figures given below).

Since the 2003 capital programme the Centre has been able to provide facilities that added a certain level of value plus to customers with disabilities, further works were undertaken to enable a wider access and equality to the facility. The Charity was IFI (Inclusive Fitness Initiative) accredited during 2014.

The Charity’s health and fitness suite only opened when able to do so and was missed by the community.

The Charity operates in accordance with the accreditation received from the Fitness Industry Award (UK Active) and the Institute of Professional Lifeguards (NPQL). The Charity was unable to gain accreditation of the Quest Award during August 2020 due to Covid-19.

The Charity upheld the objective relating to education and continued to open on a limited basis to provided physical education facilities for students with parents classified as key workers throughout the year. Swimming lessons did not take place for Pottery School and other Area Schools throughout the lockdown.

The Charity’s Learn to Swim programme ‘Splash Academy’ opened, when able to do so, and catered for junior and adult customers from the age of three in group lessons. The ‘Splash Academy’ programme provided a comprehensive learn to swim programme (360 per week individual spaces) throughout the year with 295 per week spaces being taken by children learning to swim.

Additionally, a one to one teaching facility also accommodated 162 juniors, effectively providing personal training for children and adults with specific needs or those lacking the confidence to commence their formal swimming training within a larger group.

All wet side clubs such as the Belper Marlin Swimming Club, Ripley Rascals swimming club, Ashbourne Swimming Club, the 10:20 Triathlon Club and the Viking Venture Canoe Club were cancelled due to the lockdown process.

When open, casual swimming sessions enabled 775 (under 16’s) and 174 over 60’s to swim throughout the year. The Oasis Swimming Pass in conjunction with the Palms swimming pass continued to offer cost reductions and 5,218 swims were enjoyed as a result of these schemes. Additionally, 1,542 visits were made to adult casual swimming sessions. Children/adults organised wacky water sessions were cancelled. Parent and Toddler

11

BELPER LEISURE CENTRE LIMITED (a charitable company limited by guarantee) and subsidiary company

Group Annual Report for the year ended 31 March 2021 (continued)

sessions attracted 1 attendance, pool exercise classes attracted 77 customers. Shower facilities were closed.

When open the Charity provided a comprehensive range of casual dry side activities including badminton, squash, 5v5 football (excluding 3G FTP), volleyball, basketball, and table tennis for 1,598 customers.

Additionally, the Charity made facilities available to a variety of dry-side clubs including four Martial Arts clubs, enabling adult and junior customers to practice Kick Boxing, Tae Kwon Do, Ju-Jitsu. Other clubs utilising the Charity’s indoor facilities throughout the year included badminton, dodgeball and volleyball. The combined customer throughput for these clubs throughout the year was approximately 1,813.

Extraordinary programmed sport was cancelled due to the Pandemic.

The Charity enabled continued operation, when able to do so, of the pre-school club Gymkids which accommodated approximately 133 children with introductory Gymnastics training.

Children’s parties and the Holiday Fun Clubs were not operated by the Charity throughout the lockdown. Additionally, Community Activities such as Antique Fayres, Car Boot Sales, Nearly New Sales, Wrestling, Club presentation evenings and private parties did not take place. A Blood Donor session was operated and attracted 150 donors.

In addition to the basic provision of community leisure/sporting activities the Charity provided a formal structure of exercise for children by way of the ‘Club Fitness’ activity sessions. Club Fitness operated on a weekly basis. Palms staff also managed specific training sessions for 6[th] Form ‘A’ Level PE Students from Belper School wishing to specialise in Physical Education.

The Charity continued to work in partnership with Derbyshire County NHS (formerly Amber Valley PCT) to provide formal GP referral sessions and post GP referral sessions both of which accommodate a wide range of need and ability.

The general programme of specialist sessions for GP Referrals and customers with mental or physical handicaps) and all disability football sessions were suspended throughout the Pandemic.

The Fitness Studio/classes continued to operate as and when possible with fitness class figures for the year totalling 1,681.

Palms Health and Fitness Suite hosted 1,542 individual membership visits contributing significantly to the objectives of the Charity. Casual visits to Palms totalled 48, the sunshower attracted 8 visits. The soundwave therapy chair was not made available for public use.

12

BELPER LEISURE CENTRE LIMITED (a charitable company limited by guarantee) and subsidiary company

Group Annual Report for the year ended 31 March 2021 (continued)

– Community Leisure Amber Valley Borough Council (Sports Development)

During 2020/21 the Charity continued to assist Amber Valley Borough Council (AVBC) in meeting community targets for Sports Development. However, this was greatly affected by the Pandemic. The general requirements of the Sports Development programme focus on the following areas:

Sadly, much of this intended activity was suspended. Discussions for the continuation of grant funding throughout 2021/22 were undertaken via Zoom meetings and funding for the year was approved by AVBC.

Financial Review

All principal funding sources of the Company e.g., casual customers, main hall activities, clubs, fitness suite memberships and casual use, the swimming pool, associated recreational, club and teaching activities and the external 3G FTP football facility have been affected by the Pandemic.

Despite the closure of facilities at Belper Leisure Centre at various times throughout the year, Amber Valley Borough Council continued to pay a grant for community leisure and Belper School continued to pay for educational facilities.

The continued support and payments of grants and fees by AVBC and Belper School was much appreciated and along with the receipt of government business and Sport England Leisure Relief grants, has given an opportunity for the Charity to continue to provide community leisure and the provision of educational facilities.

Derbyshire County Council did not pay for area school swimming sessions despite general Cabinet Office advice to do so for key suppliers, and DCC being a Member of the Charity.

Net expenditure for the year was £327,000 against a budgeted projection of £236,000 of net expenditure. The major reason for the difference between the budgeted performance and the actual performance was that actual costs incurred were lower than budgeted costs by £128,000 but actual income received was lower than budgeted income by £219,000. This resulted in a net increase in deficit of £91,000. A further explanation detailing the key variances is given below.

During the year the pension deficit has increased by £351,000 to £606,000, which is a significant increase. However, this follows the decrease of £331,000 in the liability that occurred during the previous financial year. The company continues to pay the recommended amounts in order to reduce the deficit over a reasonable timescale. Consequently the deficit is only having a limited impact on the financial position of the company.

13

BELPER LEISURE CENTRE LIMITED (a charitable company limited by guarantee) and subsidiary company

Group Annual Report for the year ended 31 March 2021 (continued)

Key Areas of Income and Expenditure

The group had income of £822,000 during the year and the cost of running the leisure centre was £1,149,000.

The following are more detailed observations on income and expenditure:

Principal risks and uncertainties

Due to the Coronavirus pandemic the leisure centre faced a number of closures initially from 20[th] March 2020 until 3[rd] August 2020, then from 4[th] November 2020 until it re-opened on a much-reduced basis on 3[rd] of December 2020. We closed for the third time on 30[th] December and re-opened on 12[th] April 2021 and have been operating at gradually increasing levels since then. During this time, the centre was only able to provide facilities in compliance with government/governing bodies guidance. This has affected the 2020/21 performance of the charity as restrictions to control the spread of the virus could not be reliably predicted.

The ability of the charity to continue operations at the levels reported is largely due to the Charity’s cash reserves, limited Membership income, continued financial support from Amber Valley Borough Council, and Belper School and Sixth Form Centre and various leisure/business support grants.

2021/22 will equally provide a variety of challenges as the Pandemic continues to affect business during the first half of the Financial Year. The management will have to continue to define available time and activities to maximise income and keep costs under control.

45% of the income of the trust is generated by the Health and Fitness Suite and hence any social or other changes which reduced usage of these facilities would have a significant impact on the income of the charity. The company endeavours to keep the fitness equipment available to users as up-to-date as possible to encourage continued use of the facilities.

14

BELPER LEISURE CENTRE LIMITED (a charitable company limited by guarantee) and subsidiary company

Group Annual Report for the year ended 31 March 2021 (continued)

Principal risks and uncertainties (continued)

The charity could face unforeseen expenditure if it becomes necessary to carry out unexpected repairs to the buildings or the swimming pool. Not only could such repairs prove to be very expensive, but they could also involve closure of some of the facilities whilst the work was carried out. To manage such risks, the company reviews the ongoing maintenance of the buildings and the pool on a regular basis.

Belper Sports Centre Services Limited

The trading subsidiary of the Charity continued to support the charitable objectives of the group by providing a social environment within the centre.

Business Review and Reserves Policy

Reserves amount to £5.368m before deducting the pension reserve. This is £120,000 less than the net book value of the land and buildings and the 3G Football Turf Pitch owned by the company. Consequently, these reserves could only be realised by selling the assets from which the company operates.

As a result of the pandemic the cash reserves held at the end of the year are less than planned under the reserves policy of the charity. It is planned to rectify this situation over the next few years.

Future plans and objectives

In the long term the trustees (directors) of the Charity plan to continue to develop and maintain the facilities available for the educational and community purpose for which it was established. In the short term the Charity is endeavouring to minimise costs and maximise income while following Government guidance regarding the coronavirus pandemic. No further significant facility capital additions are considered likely to be undertaken in the medium-term future. However, the Charity will look to continue to improve the current facilities and customer service options to maintain/develop current income bases. The trustees do not see the Company deviating from the main charitable objectives as established in 1998.

Grant Making Policy

The Charity continued to operate a Sports Development Policy, which enabled a reduction in the fees and charges of Clubs/Organisations using the facilities with a large percentage of junior users.

Fund raising

All group income is generated from the provision of sporting and similar facilities or from the bar and catering facilities operated by the trading subsidiary company. The group does not seek charitable donations from the general public or engage any third party to do so.

15

BELPER LEISURE CENTRE LIMITED (a charitable company limited by guarantee) and subsidiary company

Group Annual Report for the year ended 31 March 2021 (continued)

Statement as to Disclosure of Information to Auditors

The directors of the company who held office at the date of approval of this annual report confirm that:

This report was approved by the Board on 13th October 2021 and signed on its behalf by:

Signed: ……………………………………………………

A Evans Director and Trustee

16

Belper Leisure Centre Limited and subsidiary company

Consolidated Statement of Financial Activities for the year ended 31 March 2021 Incorporating an Income and Expenditure Account

Unrestricted Restricted Unrestricted Restricted
Funds Funds Total Funds Funds Total
2021 2021 2021 2020 2020 2020
Notes
£’000		 £’000 £'000 £’000 £’000 £'000
Income and endowments from:
Charitable activities
2

820
-
 820 1,187 - 1,187
Other trading activities
3

2
-		 2 97 - 97
Total income
822		 - 822 1,284 - 1,284
Expenditure on:
Raising funds 4 8 - 8 95 - 95
Charitable activities 5 1,121 20 1,141 1,312 20 1,332
Total expenditure 1,129 20 1,149 1,407 20 1,427
Net Expenditure (307) (20) (327) (123) (20) (143)
Transfers between funds - - - - - -
Other Recognised Gains and Losses
Actuarial (losses)/gains on defined
benefit pension scheme 15 (341) - (341) 374 - 374
Net Movement in Funds (648) (20) (668) 251 (20) 231
Reconciliation of funds:
Total funds brought forward at 1 April 2020 5,246 184 5,430 4,995 204 5,199
Total funds carried forward at 31 March
2021 13 4,598 164 4,762 5,246 184 5,430

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

17

Belper Leisure Centre Limited and subsidiary company

Consolidated Balance Sheet as at 31 March 2021

Notes
Fixed Assets
Tangible Assets
8
Current Assets
Stocks
9
Debtors
10
Cash at Bank and in Hand
Creditors: Amounts Falling Due within One Year
11
Net Current Assets
Total Assets Less Current Liabilities
Creditors: Amounts Falling Due After More Than One Year
12
Net Assets excluding Pension Liability
Provision for Liabilities
Defined Benefit Pension Scheme Liability
15
Net Assets including Pension Liability
Funds
Unrestricted Income Funds
13
Revaluation Reserve
13
Unrestricted Income Funds excluding Pension Liability
Pension Reserve
13
Restricted Income Funds
13
Total Charity Funds
Approved on 13th October 2021 and signed on behalf of the
Trustees		 2021
£'000
5,419
5,419
2
82
143
227
(110)
117
5,536
(168)
5,368
(606)
4,762
1,216
3,988

5,204
(606)
164
4,762		 2020
£'000
5,547
5,547
7
9
397
413
(91)
322
5,869
(184)
5,685
(255)
5,430
1,415
4,086
5,501
(255)
184
5,430

Signed………………………………… A Evans - Director and Trustee

Companies House Registered Number 06848040

18

Belper Leisure Centre Limited

Company Balance Sheet as at 31 March 2021

Notes
Fixed Assets
Tangible Assets
8
Current Assets
Stocks
9
Debtors
10
Cash at Bank and in Hand
Creditors: Amounts Falling Due within One Year
11
Net Current Assets
Total Assets Less Current Liabilities
Creditors: Amounts Falling Due After More Than One Year
12
Net Assets excluding Pension Liability
Provision for Liabilities and Charges
Defined Benefit Pension Scheme Liability
15
Net Assets including Pension Liability
Funds
Unrestricted Income Funds
Revaluation Reserve
Unrestricted Income Funds excluding Pension Liability
Pension Reserve
Restricted Income Funds
Total Charity Funds
Approved on 13th October 2021 and signed on behalf of the
Trustees		 2021
£'000
5,419
5,419
1
105
123
229
(106)
123
5,542
(168)
5,374

(606)
4,768
1,222
3,988
5,210
(606)
164
4,768		 2020
£'000
5,547
5,547
1
28
378
407
(85)
322
5,869
(184)
5,685
(255)
5,430
1,415
4,086
5,501
(255)
184
5,430

Signed……………………………………………….. A Evans - Director and Trustee

Companies House Registered Number 06848040

19

Belper Leisure Centre Limited and subsidiary company

Consolidated Statement of Cash Flows for the year ended 31 March 2021

2021
£’000
Cash flows from operating activities:
Net cash provided by operating activities
(247)
______
Cash flows from investing activities:
Purchase of property, plant and equipment
-
______
Net cash used in investing activities
-
______
Cash flows from financing activities:
Repayments of borrowing
(7)
Cash inflows from new borrowing
-
______
Net cash provided by/(used in) financing activities
(7)
______
Change in cash and cash equivalents in the year
(254)
Cash and cash equivalents at the
beginning of the year
397

______
Cash and cash equivalents at the
end of the year
143
______
Reconciliation of net income/(expenditure) to net cash flow from
operating activities
2021
£’000
Net expenditure for the year (as per the statement
of financial activities)
(327)
Adjustments for:
Depreciation charges
128
Decrease in stocks
5
(Increase)/Decrease in debtors
(73)
Increase/(Decrease) in creditors
10
Increase in pension liability
excluding actuarial changes
10
______
Net cash provided by operating activities
(247)
______
Analysis of cash and cash equivalents
2021
£’000
Cash at bank
143
______
Total cash and cash equivalents
143
______		 2020
£’000
9
__
(6)
_
(6)

(27)
-

(27)

(24)
421

397

2020
£’000
(143)
128
-
2
(21)
43

9

2020
£’000
397

397
___

20

Belper Leisure Centre Limited and subsidiary company

Notes to the Accounts for the year ended 31 March 2021

1 Accounting Policies

General Principles

The accounts have been prepared in accordance with Financial Reporting Standard 102, the Charities Statement of Recommended Practice (FRS 102) and the Companies Act 2006. The accounts are prepared under the historical cost convention as modified for the revaluation of certain fixed assets. The charity is a public benefit entity. The accounts have been prepared on a going concern basis and there are no material uncertainties about the charity’s ability to continue. The accounts have been prepared in sterling, which is the functional currency of the entity. Amounts have been rounded to the nearest £1,000.

Consolidated Accounts

The results of Belper Sports Centre Services Limited, a wholly owned subsidiary, have been consolidated on a line by line basis in the Statement of Financial Activities and Consolidated Balance Sheet. No income and expenditure account of the charity has been presented as permitted by the Companies Act 2006.

Company Status

Belper Leisure Centre Limited is limited by guarantee and a registered charity registered in England. Its registered office is at John O’Gaunts Way, Kilbourne Road, Belper, Derbyshire DE56 0DA. The guarantors are Derbyshire County Council and the Governing Body of Belper School. The liability in respect of the guarantee, as set out in the memorandum, is limited to £1 per member of the company. The charity has availed itself of Paragraph 3 (3) of Schedule 4 of the Companies Act and adapted the Companies Act formats to reflect the special nature of the company's activities.

Belper Sports Centre Services Limited has a share capital of two shares which are under the control of Belper Leisure Centre Limited under its memorandum and articles of association.

Fixed Assets

The freehold property shown in the balance sheet was valued at 31 March 2011 in accordance with the Statements of Asset Valuation Practice and Guidance Notes published by the Royal Institution of Chartered Surveyors. On the transition to the FRS102 accounting standard at 1 April 2014 the directors decided to treat this valuation as the “deemed cost” of the buildings for future accounting purposes, as permitted by FRS102. This deemed cost of the leisure centre building is being depreciated on a straight line basis over the estimated life of the building. Impairment reviews are carried out on an annual basis.

Plant and equipment is stated at cost less accumulated depreciation.

Capital expenditure over £10,000 is capitalised. Amounts below this are treated as revenue expenditure.

Leased Assets

Assets obtained under finance leases are capitalised as tangible fixed assets and depreciated over the lease term or over their useful economic lives if shorter. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is recognised in the Statement of Financial Activities so as to produce a constant periodic rate of interest on the remaining balance of the liability.

21

Belper Leisure Centre Limited and subsidiary company

Notes to the Accounts for the year ended 31 March 2021 (continued)

1 Accounting Policies (continued)

Depreciation

Depreciation is provided on fixed assets at rates calculated to write off their cost or valuation, less their estimated residual value, over their expected useful lives on the following bases:

Freehold land No depreciation is charged
Freehold buildings 2% straightline
Pitch complex 10% straight line
Plant and equipment 10%-20% straight line

Stocks

Stocks are stated at the lower of cost and net realisable value.

Superannuation

Staff previously employed by AVBC, who were transferred to the Trust upon its formation and then to the Company under the Transfer of Undertakings (Protection of Employment) Regulations 1981, retained their existing pension rights and service under the Derbyshire County Council (DCC) Pension Fund. The Company makes contributions in respect of the staff that are contracted out of the SERPS scheme and into the DCC funded scheme.

Income Recognition

Income receivable under user agreements is recognised when it is due. Fees and charges for the use of the leisure centre are recognised net of VAT on the earlier of the date an invoice is issued or payment is received. Membership fees received for the use of the fitness suite are recognised over the period for which the membership relates.

All sums received for the provision of sporting and leisure facilities are treated as charitable income. Amounts received by the charity’s trading subsidiary are treated as other trading income.

Analysis of Expenditure

The resources expended by the Company have been analysed based upon the nature of the activities undertaken.

The expenditure on raising funds are staff costs, goods for resale and premises related expenditure incurred by the trading company.

All other expenditure by the Company is in respect of charitable activities as they relate to the provision of sporting and leisure facilities.

Pension costs represent the current service cost as determined by the scheme actuary in accordance with FRS 102.

Irrecoverable VAT on revenue expenditure is treated as an expense in the period to which it relates. Irrecoverable VAT on capital expenditure is capitalised.

Creditors and provisions

Creditors and provisions are recognised where the company 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 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

22

Belper Leisure Centre Limited and subsidiary company

Notes to the Accounts for the year ended 31 March 2021 (continued)

2 Incoming resources from charitable activities

Incoming resources from charitable activities
2021
£’000		 2020
£’000
Swimming pool
Health & Fitness Suite
Other indoor and outdoor facilities
Non-specific income from AVBC
Non-specific income from members
Furloughpayments, COVID-19 grants and other funding		 50
91
54
80
137
408		 198
555
205
80
149
-
**Total ** 820 1,187

The income receivable from the members is towards activities in furtherance of the objects of the charity.

As at 31 March 2021, user agreements were in place between the Company and Belper School, the Company and Derbyshire County Council, and the Company and Amber Valley Borough Council. The level of usage and timing of payments is covered in the agreements.

The level of members’ support was as follows:

2021
£’000		 2020
£’000
Belper School
Derbyshire County Council		 137
-		 134
15
**Total ** **137 ** 149

3 Other trading activities

2021
£’000		 2020
£’000
Barand caféincome oftrading subsidiary 2 97
**Total ** 2 97

4 Resources expended – Raising funds

2021
£’000		 2020
£’000
Bar and café cost of sales
Bar and café staffing costs
Bar and café premises costs
Barand café othercosts		 5
-
-
3		 50
23
8
14
**Total ** 8 95

23

Belper Leisure Centre Limited and subsidiary company

Notes to the Accounts for the year ended 31 March 2021 (continued)

5 Resources expended – Charitable activities

Direct
Charitable
Expenditure
£’000		 Support
costs
£’000
Total
2021
£’000		 Total
2020
£’000
Staffing Costs
Premises Related Costs
Other Running Expenses
Depreciation – Owned Assets
Interest Payable
Governance costs
Net Interest on Pension Scheme
Liabilities		 582
201
112
128
6
-
6		 72
-
-
-
-
34
-		 654
201
112
128
6
34
6		 715
249
184
128
8
34
14
**Total ** 1,035 106 1,141 1,332

6 Net Expenditure for the year

2021
£’000		 2020
£’000
This is stated after charging/(crediting):
Depreciation
Auditors remuneration (excluding VAT):
Audit
Otherservices		 128
9
-		 128
10
-

7 Staff Costs

2021
£’000		 2020
£’000
Salaries
Employer’s National Insurance Contributions
Employer’s Pension Contributions (see note 15)
Other costs		 559
23
69
3		 588
36
102
12
**Total ** **654 ** 738

The average number of employees during the year was 69. Calculated on a full-time equivalent basis, the average number of employees was 28.39.

2021
Average
**Number **		 2021
Full
Time
Equivalent		 2020
Average
Number		 2020
Full
Time
Equivalent
Management
Leisure
Bar and Café
Health Suite
Other		 3
36
6
7
17		 2.60
11.16
1.44
5.21
7.98		 3
35
6
7
18		 2.60
11.16
1.44
5.00
8.28
**Total ** 69 28.39 69 28.48

Total key management compensation paid during the year amounted to £94,948 (2020 - £102,672).

There were no employees who received total employee benefits in excess of £60,000 and less than £70,000 (2020 – 1).

The Directors received no remuneration and were not reimbursed for any of their expenses in the year.

24

Belper Leisure Centre Limited and subsidiary company

Notes to the Accounts for the year ended 31 March 2021 (continued)

8 Tangible Fixed Assets

Parent Company
and Group		 Freehold
Land
£’000		 Leisure
Centre
Complex
£’000		 Artificial
Grass
Pitch
Complex
£’000		 Plant
and
Equipment
£’000		 Total
£’000
Cost or valuation
At 1 April 2020
Additions
Transfers
At 31 March 2021
Depreciation
At 1 April 2020
Charge for year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 1,350
-
-		 4,875
-
-		 442
-
-		 149
-
-		 6,816
-
-
1,350 4,875 442 149 6,816
-
-		 1,075
98		 100
20		 94
10		 1,269
128
- 1,173 120 104
**1,397 **
1,350 **3,702 ** 322 45 5,419
1,350 3,800 342 55 5,547

A revaluation of the entire premises was undertaken during the year ended 31 March 2011. The valuation was undertaken by Chartex Limited, independent external valuers, in accordance with the Royal Institution of Chartered Surveyors Appraisal and Valuation Manual and Financial Reporting Standard 15 (FRS 15). The centre is considered to be a “specialised property”, therefore the valuation was carried out on a “depreciated replacement cost” basis.

In 2016 the company decided to treat the 2011 valuation as the “deemed cost” of the Leisure Centre complex for that year and future years. This is permitted by Financial Reporting Standard 102 in the year that the company first adopts the standard. The freehold land and Leisure Centre complex would be shown at £nil in the accounts if shown at original cost. This is because these assets were given to the company by the predecessor trust.

The centre also holds other items of equipment that belong to other groups or bodies (including Belper School) for their own use, which are not included in this valuation, and are also excluded from the Company’s accounts.

The freehold land and leisure centre complex shown above with a carrying amount at 31 March 2021 of £5,052,000 are pledged as security for the loan from Handelsbanken Bank shown in notes 11 and 12.

25

Belper Leisure Centre Limited and subsidiary company

Notes to the Accounts for the year ended 31 March 2021 (continued)

9 Stocks

Group
2021
£’000		 Company
2021
£’000		 Group
2020
£’000		 Company
2020
£’000
Sporting equipment
Bar stock
Café and vending machine stock		 1
1
-		 1
-
-		 1
3
3		 1
-
-
**Total ** 2 1 7 1

10 Debtors

Group
2021
£’000		 Company
2021
£’000		 Group
2020
£’000		 Company
2020
£’000
Due from the Trading Company
Trade debtors
Due from HM Revenue &
Customs
Prepayments		 -
75
3
4		 24
75
2
4		 -
4
-
5		 19
4
-
5
**Total ** **82 ** 105 9 28

11 Creditors: Amounts falling due within one year

Group
2021
£’000		 Company
2021
£’000		 Group
2020
£’000		 Company
2020
£’000
Due to Belper School
Trade creditors
Accruals and deferred income
Due to HM Revenue & Customs
Handelsbanken Bank loans (see
note 12)
Other creditors		 35
30
36
-
9
-		 35
30
32
-
9
-		 30
19
38
3
-
1		 30
16
35
3
-
1
**Total ** 110 106 91 85

26

Belper Leisure Centre Limited and subsidiary company

Notes to the Accounts for the year ended 31 March 2021 (continued)

12 Creditors: Amounts falling due after more than one year

Parent Company and Group 2021
£’000		 2020
£’000
Handelsbanken Bank loan (secured) 168 184
**Total ** 168 184

The loan is for a term of 3 years but repayments are being made on the basis of a 15 year repayment period commencing in July 2021. Interest is being charged at a variable rate. The loan agreement is secured by a legal charge held over the freehold property known as Belper Leisure Centre. The total loan outstanding at 31 March 2021 represented 3.51% of the value of the property on which it is charged. The Football Foundation also have a charge over the property in respect of the funding provided for the 3G Football Turf Pitch.

13 Reserves

Group Restricted
Income
Funds
£’000		 Pension
Reserve
£’000		 Revaluation
Reserve
£’000
Unrestricted
Income
Funds
£’000		 Total
Reserves
£’000
Balances at 1 April 2020
Operating deficit for the year
Transfer
Pension charge less
payments made
Actuarial loss		 184
(20)
-
-
-		 (255)
-
-
(10)
(341)		 4,086
-
(98)
-
-		 1,415
(307)
98
10
-		 5,430
(327)
-
-
(341)
Balance at 31 March 2021 **164 ** (606) 3,988 1,216 **4,762 **

The restricted income funds represent grant support for the 3G Artificial Grass pitch less accumulated depreciation of that pitch. These funds are to be used for the development of football in the local area.

The transfer of £98,000 from the revaluation reserve to unrestricted income funds reflects the depreciation charged against the revalued leisure centre in the year.

14 Historical Cost Incoming and Outgoing Resources

Group 2021
£’000		 2020
£’000
Net outgoing resources
Difference between a historical cost depreciation charge
and the actual depreciation charge on the fixed assets		 (327)
98		 (143)
98
**Total ** (229) (45)

27

Belper Leisure Centre Limited and subsidiary company

Notes to the Accounts for the year ended 31 March 2021 (continued)

15 Defined benefit pension scheme

Staff previously employed by AVBC, who were transferred to the Trust upon its formation and now to the Company under the Transfer of Undertakings (Protection of Employment) Regulations 1981, retained their existing pension rights and service under the Derbyshire County Council (DCC) administered pension fund. The Company makes contributions in respect of staff contracted out of the SERPS scheme and into the DCC funded scheme.

The assets of the scheme are held separately from those of the Company in the separately administered scheme for DCC. The last actuarial valuation of the fund was at 31 March 2019. The scheme actuary has rolled forward the value of the company’s liabilities to 31 March 2021 allowing for the different financial assumptions required under FRS102 at 31 March 2021.

The amounts recognised in the balance sheet are as follows:

Parent Company and Group 2021
£’000		 2020
£’000
Present value of funded obligations
Fair value of scheme assets
Recognised liability for defined benefit obligations		 (3,995)
3,389		 (3,036)
2,781
(606) (255)

The amounts recognised in the statement of financial activities are as follows:

Parent Company and Group 2021
£’000		 2020
£’000
Current service cost
Interest cost
Expected return on assets		 69
70
(64)		 102
82
(68)
Total charge to SOFA 75 116

Movement in pension deficit during the financial year.

Changes in fair value of defined benefit pension assets are as follows:

Parent Company and Group 2021
£’000		 2020
£’000
Opening fair value of defined benefit pension assets
Interest income on plan assets
Return on assets excluding interest income
Plan participants’ contributions
Employer contributions
Benefits paid		 2,781
64
520
13
65
(54)		 2,815
68
(92)
16
73
(99)
Closing fair value of defined benefit pension assets 3,389 2,781

The total return on the fund in market value terms for the year ended 31 March 2021 was 20.9% (2020 – -4.7%).

28

Belper Leisure Centre Limited and subsidiary company

Notes to the Accounts for the year ended 31 March 2021 (continued)

15 Defined benefit pension scheme (continued)

Changes in fair value of defined benefit pension obligations are as follows:

Parent Company and Group
Opening defined benefit pension obligations
Current service cost
Interest cost
Plan participants’ contributions
Benefits paid
Changes in demographic assumptions
Changes in financial assumptions
Other experience gains		 2021
£’000		 2020
£’000
3,036
69
70
13
(54)
48
840
(27)		 3,401
102
82
16
(99)
(128)
(305)
(33)
Closing defined benefit pension obligations 3,995 3,036

During the year ended 31 March 2021, pension costs have been paid to the DCC pension fund at a rate of 33.3% (2020 – 31.4%) of pensionable payroll plus a fixed contribution of £1,000 (2020 - £nil) per annum. In the year ending 31 March 2022 the contribution will be 33.3% of pensionable payroll plus a fixed contribution of £1,000. The total amount payable in the year ending 31 March 2022 is expected to be £65,000.

The fair values and split of each main class of assets held by the DCC fund as at 31 March are set out in the following table: -

Pension Fund 31 March
2021
Fair Value
£’000		 31 March
2021
Share of
total assets		 31 March
2020
Fair Value
£’000		 31 March
2020
Share of
totalassets
Equities
Bonds
Property
Cash		 2,135
780
271
203		 63.0%
23.0%
8.0%
6.0%		 1,669
695
250
167		 60.0%
25.0%
9.0%
6.0%
Total 3,389 100.0% 2,781 100.0%

The main financial assumptions used in their calculations are: -

Pension Fund 2021 2020
Rate of increase in Pensions
Rate of increase in Salaries
DiscountRate		 2.85% p.a.
3.55% p.a.
**2.00% p.a. **		 1.90% p.a.
2.60% p.a.
2.30% p.a.

29

Belper Leisure Centre Limited and subsidiary company

Notes to the Accounts for the year ended 31 March 2021 (continued)

16. Subsidiary company

The Charity holds the two issued ordinary shares in its only subsidiary Belper Sports Centre Services Limited whose registered number at Companies House is 03538305. This represents 100% of the equity of the company. Its registered office is at John O’Gaunts Way, Kilbourne Road, Belper, Derbyshire DE56 0DA. The principal activity of Belper Sports Centre Services Limited is the operation of café and bar facilities at Belper Leisure Centre.

The results of the trading company are summarised as follows:

2021
£’000		 2020
£’000
Turnover
Cost of sales
Gross (loss)/profit
Overhead expenses
Operating loss
Amount gift aided to charity
Retained (loss) for the year
Retained profits brought forward
Retained losses carried forward		 1.8
(4.7)
(2.9)
(3.4)
(6.3)
-
(6.3)
-
(6.3)		 96.6
(50.0)
46.6
(46.6)
-
-
-
-
-
Assets
Liabilities
Total net (liabilities)/assets		 27.6
(33.9)
(6.3)		 27.3
(27.3)
-

17. Related party transactions

During the year the group carried out the following transactions with its members:

**Member ** Sales and
funding
received
2021
£’000		 Purchases
2021
£’000		 Sales and
funding
received
2020
£’000		 Purchases
2020
£’000
Belper School
Derbyshire County Council		 137
-		 101
-		 134
15		 133
1

The purchases from Belper School represent the group’s share of the cost of gas, electricity and metered water charged to the whole site. At the year end £34,697 was owed to Belper School in respect of these charges (2020 - £29,739).

No amount was owed to Derbyshire County Council at the year end (2020 - £nil).

30

Belper Leisure Centre Limited and subsidiary company

Notes to the Accounts for the year ended 31 March 2021 (continued)

18. Analysis of group net assets between funds

At 31 March 2021 Unrestricted
funds
£’000		 Restricted
funds
£’000		 Total
Funds
£’000
Tangible fixed assets
Net current assets
Creditors falling due after more
than one year
Pension scheme liability		 5,255
117
(168)
(606)		 164
-
-
-		 5,419
117
(168)
(606)
Net assets at the end ofthe year 4,598 **164 ** **4,762 **
At 31 March 2020 Unrestricted
funds
£’000		 Restricted
funds
£’000		 Total
Funds
£’000
Tangible fixed assets
Net current assets
Creditors falling due after more
than one year
Pension scheme liability		 5,363
322
(184)
(255)		 184
-
-
-		 5,547
322
(184)
(255)
Net assets at the end of the year 5,246 184 5,430

19. Going concern and post balance sheet events

The Charity had to close the Leisure Centre for 244 days during the year ended 31[st] March 2021 as a result of the coronavirus pandemic. Since 12[th] April 2021 the Charity has been able to provide most of its usual facilities on a reduced basis in compliance with government/governing bodies’ guidance. As the Charity entered the lockdowns with significant cash reserves, and it has the support of its bankers, the directors believe that the Charity will be able to continue operating for at least 12 months from the date of this report. Consequently these accounts have been prepared on a going concern basis.

The Charity has recently been informed that funding from Amber Valley Borough Council will be halved to £40,000 from 1[st] April 2022 and this will require the Charity to re-evaluate its business planning in order to widen income streams and maintain the strong management of expenditure, particularly throughout the remainder of the current financial year, in order to remain a going concern.

31

Belper Leisure Centre Limited

Statement of Directors’/Trustees’ Responsibilities

The trustees (who are also directors of the company for the purposes of company law) are responsible for preparing the trustees’ annual report including the strategic report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and group and of the incoming resources and application of resources, including income and expenditure, of the group for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

32

Belper Leisure Centre Limited

Independent Auditors’ Report to the Members of Belper Leisure Centre Limited

Opinion

We have audited the financial statements of Belper Leisure Centre Limited (the ‘parent company’) and its subsidiary (the ‘group’) for the year ended 31 March 2021 which comprise the Group Statement of Financial Activities, the Group and Parent Company Balance Sheets, the Group 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 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).

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 group 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 trustees’ 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 group’s or the parent’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 trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report, including the trustees report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information contained in the annual report. 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.

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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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.

33

Belper Leisure Centre Limited

Independent Auditors’ Report to the Members of Belper Leisure Centre Limited (continued)

Opinions on other matters 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

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report including the strategic report.

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

Responsibilities of trustees

As explained more fully in the directors’/trustees’ responsibilities statement (set out on page 32), the trustees (who are also the directors of the company for company law purposes) 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 directors 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 group’s and the parent 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 group or the parent 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.

34

Belper Leisure Centre Limited

Independent Auditors’ Report to the Members of Belper Leisure Centre Limited (continued)

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:

We considered the nature of the group’s areas of activity and its control environment, and reviewed the group’s documentation of their policies and procedures relating to fraud and compliance with laws and regulations. We also enquired of management and trustees about their own identification and assessment of the risks of irregularities.

We obtained an understanding of the legal and regulatory framework that the group operates in, and identified the key laws and regulations that:

We discussed among the audit engagement team regarding the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements

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

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities

Use of our report

This report is made solely to the Charity’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 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, for our audit work, for this report, or for the opinions we have formed.

M J Lucking Senior Statutory Auditor For and on behalf of C. J. Lucking & Co. Statutory Auditors and Chartered Accountants

34 Cross Street Long Eaton Nottingham NG10 1HD

13[th] October 2021

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