2022-03-31-accounts

		Page
Trustees report		1-7
Independent auditor's	report	8-10
Statement offinancial	activities
Balance sheet		13
Statement ofcash flows		12
Notes to the financial	statements	14-27

				Unrestricted	Unrestricted
				funds	funds
				2022	2021
			Notes
Income from:
Donations and legacies			3	654,346	895,507
Charitable activities:
Leisure activities			4	3,196,757	882,805
Funding income			4	73,440	73,440
Total income				3,924,543	1,851,752
Expenditure on:
Charitable activities			5	3,760,022	2,877,072
Net income/(expenditure)		for the year/
Net incoming/(outgoing)		resources		164,521	(1,025,320)
Other recognised	gains	and losses
Actuarial gain/(loss)	on defined benefit pension schemes			724,000	(792,000)
Net movement In funds				888,521	(1,817,320)
Fund balances at 1 April		2021		(2,639,910)	(822,590)
Fund balances at	31 March 2022			(1,751,389)	(2,639,910)

					2022		2021
				Notes	f.
Cash flows from operating			activities
Cash generated from/(absorbed by) operations				23		577,556		(337,722)
Investing	activities
Purchase	oftangible fixed assets				(43,008)		(2,549)
Net cash used in investing			activities			(43,008)		(2,549)
Financing	activities
Repayment	ofborrowings				(17,197)		(15,145)
New bank	loans in the year						570,000
Repayment	of bank loans				(152,453)		(37,001)
Payment ofobligations under			finance leases		(72,936)		(50,838)
Net cash financing	(used in)/generated activities		from			(242,586)		467,016
Net increase In cash and cash equivalents						291,962		126,745
Cash and	cash equivalents	at beginning		of year		80,049		(46,696)
Cash and	cash equivalents		at end of	year		372,011		80,049

								2022	2022	2021
							Notes	R
Fixed assets
Tangible assets									2,104,564	2,324,108
Current assets
Stocks							10	11,987		6,240
Debtors							11	114,681		183,107
Cash at bank and	in	hand						372,011		80,049
								498,679		269,396
Creditors: amounts		falling			due		within
one year								(1,540,598)		(2,845,475)
Net current liabilities									(1,041,919)	(2,576,079)
Total assets less	current			liabilities					1,062,645	(251,971)
Creditors: amounts		falling			due		after
more than one year							15		(1,914,034)	(914,939)
Net assets excluding			pension			liability			(851,389)	(1,166,910)
Defined benefit pension				liability			17		(900,000)	(1,473,000)
Net liabilities									(1,751,389)	(2,639,910)
Income funds
Unrestricted funds:
General unrestricted		funds						(851,389)		(1,166,910)
Pension reserve								(900,000)		(1,473,000)
									(1,751,389)	(2,639,910)
									(1,751,389)	(2,639,910)
The finenotet statements			wer		e		roved by the Trustees	on2.).!.!..Z2	...

					2022	2021
						E
Government		and other grants			371,136	870,984
Donation	from fellow group company Absolutely		Together Trading	Ltd	263,482	4,662
Other donations					19,728	19,861
					654,346	895,507

		Leisure actlvltles	Management fees	Total 2022	Leisure actlvlties	Management fees	Total 2021
		2022	2022		2021	2021
			R		R
Charitable	activities	3,196,757	73,440	3,270,197	882,805	73,440	956,245

	Direct Costs	Support	Total	Direct Costs	Support	Total
		Costs	2022		Costs	2021
	2022	2022		2021	2021
			E	E	R
Staff costs	1,329,913		1,329,913	1,133,868		1,133,868
Depreciation		262,552	262,552		341,285	341,285
Overheads
	63,652	1,789,018	1,852,670	52,073	1,171,751	1,223,824
Lease Charges		1,574	1,574		11,544	11,544
Other Loan Interest		24,018	24,018		4,700	4,700
Bank Charges		67,818	67,818		55,303	55,303
Legal and Professional		4,750	4,750
Defined Benefit Pension
Costs		151,000	151,000		57,000	57,000
Consultancy		49,727	49,727		36,723	36,723
Governance costs
Auditors Remuneration		16,000	16,000		12,825	12,825
	1,393,565	2,366,457	3,760,022	1,185,941	1,691,131	2,877,072

The average monthly number ofemployees during t	he year was:
	2022	2021
	Number	Number
Leisure activities	85	89
Employment costs	2022	2021
	R
Wages and salaries	1,203,475	1,018,277
Social security costs	75,468	58,879
Other pension costs	50,970	56,712
	1,329,913	1,133,868

Employees	Employees						(	Continued)
The number of employees		whose annual		remuneration		was more than f60,000
is as follows:
							2022	2021
							Number	Number
690,001 - f100,000
The remuneration	of key	management	personnel		isf98,259 (2021:f90,156).

Tangible fix	ed asset	s
			Leasehold	Improvements	Plant and	Total
			properly	to property	machinery
				R
Cost
At 1 April 2021			1,832,270	603,782	2,834,910	5,270,962
Additions					43,008	43,008
At 31 March	2022		1,832,270	603,782	2,877,918	5,313,970
Depreciation	and impairment
At 1 April 2021			183,227	603,782	2,159,845	2,946,854
Depreciation	charged	in the year	73,291	-	189,261	262,552
At 31 March	2022		256,518	603,782	2,349,106	3,209,406
Carrying amount
At 31 March	2022		1,575,752		528,812	2,104,564
At 31 March	2021		1,649,043		675,065	2,324,108

(2021	-F	77,922)for the year.
			2022	2021
				R
Plant	and	machinery	113,666	175,820

10	Stocks
					2022	2021
					R	R
	Finished	goods		and goods for resale	11,987	6,240
11	Debtors
					2022	2021
	Amounts	falling due within one year.			R	R
	Trade debtors				862	15,361
	Other debtors					45,506
	Prepayments		and accrued income		113,819	122,240
					114,681	183,107
12	Loans and overdrafts
					2022	2021
					R
	Bank loans				1,758,949	1,911,402
	Other loans				27,872	45,069
					1,786,821	1,956,471
	Payable	within		one year	175,966	1,436,609
	Payable	aRer	one year		1,610,855	519,862
	Amounts	included above which fall due after five years:
	Payable	by instalments			991,500	81,105

					2022	2021
						f.
Within	one	year			60,538	72,936
Within	two	and	five	years	87,872	148,409
					148,410	221,345

Creditors: amounts falling due within one year
		2022	2021
	Notes
Bank loans	12	156,719	1,419,413
Obligations under finance leases	13	61,898	72,936
Other borrowings		19,247	17,196
Other taxation and social security		25,784	33,519
Deferred income	16	444,972	136,800
Trade creditors		444,340	526,635
Amounts owed to fellow group undertakings		10,752	323,410
Other creditors		96,323	88,877
Accruals		280,563	226,689
		1,540,598	2,845,475

Creditors:	amounts falling due after more than	one year
			2022	2021
		Notes		R
Bank loans		12	1,602,230	491,989
Obligations	under finance leases	13	86,512	148,410
Other borrowings			8,625	27,873
Other creditors			216,667	246,667
			1,914,034	914,939

	2022f	2021
Arising from grants	238,000
Arising from block bookings/events	206,972	136,800
	444,972	136,800
	2022	2021
		R
Deferred income is induded within:
Current liabilities	444,972	136,800
Movements in the year:
Deferred income at 1 April 2021	136,800	103,035
Released from previous periods	(136,800)	(103,035)
Resources deferred in the year	444,972	136,800
Deferred income at 31 March 2022	444,972	136,800

Defined benefit schemes
Key assumptions
		2022	2021
		4/o	0/
Discount rate		2.55	2.05
Expected rate ofincrease of pensions	in payment	3.05	2.80
Expected rate ofsalary increases		2.00	3.80

Mortality assumptions
The assumed life expectations			on retirement					at	age 65are:
													2022	2021
													Years	Years
Retiring today
-Males													21.3	21.2
-Females													24	23.9
Retiring in 20years
- Males													22.6	22.5
-Females													25.4	25.4
Amounts recognised in	the profit			and	loss		account:
													2022f	2021
Current service cost													161,000	91,000
Net interest on defined	benefit liability/(asset)												30,000	14,000
Other costs and income													1,000	1,000
Total costs													192,000	106,000
Amounts taken to other	comprehensive					income:
													2022	2021
Actual return on scheme		assets											(182,000)	(140,000)
Less: calculated interest	element												27,000	26,000
Return on scheme assets		excluding			interest			income					(155,000)	(114,000)
Actuarial changes related		to obligations											(569,000)	906,000
The amounts included		in the		balance			sheet		arising	from	the	Charitable
Company's obligations	in	respect		of	defined			benefit plans		are	as follows:
													2022	2021
													R
Present value ofdefined		benefit obligations											2,433,000	2,760,000
Fair value of plan assets													(1,533,000)	(1,287,000)
Deficit in scheme													900,000	1,473,000

Movements	in the present valu	e	ofdefined	benefit	obligations:
							2022
Liabilities at	1 April 2021						2,760,000
Current service cost							161,000
Contributions	from scheme members						24,000
Actuarial gains and losses							(569,000)
Interest cost							57,000
At 31 March	2022						2,433,000
The defined	benefit obligations	arise from plans which are wholly or partly funded.
Movements	in the fair value of plan assets:
							2022
							R
Fair value ofassets at 1 April 2021							1,287,000
Interest income							27,000
Return on plan assets (excluding			amounts	included	in net interest)		155,000
Contributions	by the employer						41,000
Contributions	by scheme members						24,000
Other							(1,000)
At 31 March	2022						1,533,000
The fair value ofplan assets at the reporting				period	end was as follows:
						2022	2021
						R
Equity instruments						951,000	771,000
Debt instruments						248,000	210,000
Property						183,000	159,000
Cash						32,000	59,000
Target ratio portfolio						5,000	53,000
Infrastructure						188,000	105,000
Longevity insurance						(74,000)	(70,000)
						1,533,000	1,287,000

Analysis	ofnet assets between funds
			Unrestricted	Unrestricted
			funds	funds
			2022	2021
Fund balances at 31 March 2022 are represented		by:
Tangible assets			2,104,564	2,324,108
Current assets/(liabilities)			(1,041,919)	(2,576,079)
Long term	liabilities		(1,914,034)	(914,939)
Provisions	and pensions		(900,000)	(1,473,000)
			(1,751,389)	(2,639,910)

	2022	2021
Within one year	511,242	557,211
Between two and five years	2,302,914	2,246,022
In over five years	350,710	711,790
	3,164,866	3,515,023

23	Cash generated from	operations				2022	2021
						f.
	Surplus/(deficit) for the	year				164,521	(1,025,320)
	Adjustments for:
	Depreciation and impairment oftangible			fixed assets		262,552	341,285
	Difference between pension charge and			cash contributions		151,000	57,000
	Movements in working	capital:
	(Increase)/decrease in	stocks				(5,747)	8,931
	Decrease/(increase) in	debtors				68,426	(72,757)
	(Decrease)/increase in	creditors				(371,368)	319,374
	Increase in deferred income					308,172	33,765
	Cash generated from/(absorbed		by) operations			577,556	(337,722)
24	Analysis ofchanges	in net (debt)/funds
					At 1April 2021	Cash flowsAt 31March 2022
					R	R
	Cash at bank and in hand				80,049	291,962	372,011
	Loans falling due within	one year			(1,436,609)	1,260,643	(175,966)
	Loans falling due after	more than one year			(519,862)	(1,090,993)	(1,610,855)
	Obligations under finance leases				(221,346)	72,936	(148,410)
					(2,097,768)	534,548	(1,563,220)