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|Trustees report||
|---|---|
|Independent
auditor's|report|
|Statement offinancial|activities|
|Balance sheet||
|Statement ofcash flows||
|Notes tothe financial|statements|
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||||Unmstrtctsd|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2023|2022|
|||Notes|6||
|Income from:|||||
|Donations
snd legacies||3|429,689|654,346|
|Charitable
activibes:|||||
|Leisure activities||4|3,698,753|3,196,757|
|Funding
income||4|95,440|73,440|
|Total Income|||4,223,882|3,924,543|
|Expenditure
on:
Charitable
activities||5|4,346,626|3,760,022|
|Net (expenditure)flncome
Net (outgoing)/incoming|forthe yearl
resources||(122,744)|164,521|
|Dther recognised gains
Actusrial
gain on deflned|and losses
beneflt pension schemes||1,065,000|724,000|
|Net movement
in funds|||942,256|888,521|
|Fund balances at 1April|2022||(1,751,388)|(2,639,910)|
|Fund balances at31March 2023|||(809,132)|(1,751,389)|
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||||||2023|||
|---|---|---|---|---|---|---|---|
|||||Notes|f|||
|Fixed assels||||||||
|Tangible assels|||||1,927,838||2,104,564|
|Current assete||||||||
|Stocks||||10|13,637|11,987||
|Debtors||||11|206,651|114,681||
|Cash at bank and in|hand||||143,609|372,011||
||||||363,897|498,679||
|Credltom: amounts
one year||falling due within||14|(1,496,824)|(1,540,598)||
|Net current liabiliTies|||||(1,132,927)||(1,041,919)|
|Total assets hms current|||liabilities||794,911||1,062,645|
|Creditors: amounts
more than one year||falling due after||16|(1,626,043)||(1,914,034)|
|Net assets excluding||pension surplusl(deficit)|||(831,132)||(851,389)|
|Defined benefit pension
surplus/(deficit)||||17|22,000||(900,000)|
|Net liabigtles|||||(809,132)||(1,751,389)|
|Income funds||||||||
|Unrestricted
funds:||||||||
|General unrestricted|funds||||(831,132)|(851,389)||
|Pension reserve|||||22,000|(900,000)||
||||||(809,132)||(1,751,389)|
||||||(809,132)||(1,751,389)|
|The financial ststeme|||re approved|by the Trustees|on!~tD&..V 2-0~3|||
|H-I.||||||||
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|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|||8||
|Cash flows from operating
activities
Cash generated
from operations|||23||82,551||577,556|
|Investing|acthritles|||||||
|Purchase|oftangible fixed assets|||(55,218)||(43,008)||
|Net cash|used in investing|activities|||(55,218)||(43,008)|
|Financing|acttviges|||||||
|Repayment|ofborrowings|||(19,247)||(17,197)||
|Repayment|ofbank loans|||(174,590)||(152,453)||
|Payment ofobligations
under finance leases||||(61,898)||(72,938)||
|Net cash|used in financing|scthritles|||(255,735)||(242,586)|
|Net (decrease)/increase
in
equivalents||cash and|cash||(228,402)||291,962|
|Cash and|cash equivalents|st beginning|ofyear||372,011||80,049|
|Cash and|cash equivalents|at end ofyear|||143,609||372,011|
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||||||2023|2022|
|---|---|---|---|---|---|---|
|||||||6|
|Government||and other grants|||60,300|371,136|
|Donation|from fellow group company Absolutely||Together Trading|Ltd|333,490|263,482|
|Otherdonstiona|||||35,899|19,728|
||||||429,689|654,346|
|||Leisure|Management|Total|Leisure|Management|Total|
|---|---|---|---|---|---|---|---|
|||activities|fees|2023|activities|ress|2022|
|||2023|2023||2022|2022||
|||2|r.||0|2||
|Charitable|scbvitisa|3,698,753|95,440|3,794,193|3,196,757|73,440|3,270,197|
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|Charitable
ac|tivities|||||||
|---|---|---|---|---|---|---|---|
|||Dimct Costs|Support
Costs|Total
2023|Direct Costs|Support
Costs|Total
2022|
|||2023|2023f||2022|2022
8||
|Staff costs||1,617,731||1,617,731|1,329,913||1,329,913|
|Depreciation|||231,943|231,943|-|262,552|262,552|
|Overheads||||||||
|||85,602|2,133,710|2,219,312|63,652|1,789,018|1,852,670|
|Lease Charges
Other Loan Interest|||1,966
11,241|1,966
11,241||1,574
24,018|1,574
24,018|
|Bank Charges
Legal and Professional|||50,931
28,415|50,931
28,415||67,818
4,750|67,818
4,750|
|Defined Benefit Pension||||||||
|Costs|||143,000|143,000||151,000|151,000|
|Consultancy|||20,087|20,087||49,727|49,727|
|Governance|costs|||||||
|Auditors
Remuneration|||22,000|22,000||16,000|16,000|
|||1,703,333|2,643,293|4,346,626|1,393,565|2,366,457|3,760,022|
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|The average
monthly
number ofemployees
during th|e year was:||
|---|---|---|
||2023|2022|
||Number|Number|
|Leisure activities|99||
|Employment
costs|2023
5|2022
8|
|)Nbgss and salaries
Social security costs
Other pension costs|1,464,300
96,675
56,756|1,203,475
75,468
50,970|
||1,617,731|1,329,913|
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|2023|2022|
|---|---|
|Number|Number|
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||||Leasehold|Improvements|Plaiit arid|Total|
|---|---|---|---|---|---|---|
||||properly
f|to propeny|machlilery||
|Cost|||||||
|At 1April 2022|||1,832,270|603,782|2,877,918|5,313,970|
|Additions|||||55,218|55,218|
|At 31 March|2023||1,832,270|603.782|2,933,136|5,369,188|
|Depreciation|and impairment||||||
|At 1April 2022|||256,518|603,782|2,349,107|3,209,407|
|Depreciation|charged|in the year|73,291||158,652|231,943|
|At 31 March|2023||329,809|603,782|2,507,759|3,441,350|
|Canying
amount|||||||
|At 31 March|2023||1,502,461||425,377|1,927,838|
|At 31 March|2022||1,575,752||528,812|2,104,564|
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|10|Stocks|||||
|---|---|---|---|---|---|
|||||2023|2022|
||Finished|goods and goods for resale||13,637|11,987|
|11|Debtors|||||
|||||2023|2022|
||Amounts|faglng due within one year:||8||
||Trade debtors|||7,752||
||Amounts|owed by fellow group undertakings||38,400||
||Other debtors|||16,649||
||Prepayments||and accrued income|143,850|113,819|
|||||206,651|114,681|
|12|Loans and overdrafts|||||
|||||2023|2022|
||Bsnkloans|||1,584,359|1,758,949|
||Other loans|||8,625|27,872|
|||||1,592,984|1,786,821|
||Payable
Payabls|within
afier|one year
ons year|186,147
1,406,837|175,966
1,610,855|
||Amounts|induded
above which fall due after five years:||||
||Payable|by instalments||950,518|991,500|
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|13|Finance lease commitments|Finance lease commitments|||||
|---|---|---|---|---|---|---|
||Future minimum
lease payments||due under finance leases:||||
||||||2023f|2022f|
||yifithin one year
ylthin
two and fiv|years|||43,973
42,539|60,538
87,872|
||||||86,512|148,410|
|14|Creditors: amounts|falling due|within one year||||
||||||2023|2022|
|||||Notes||2|
||Bank loans|||12|177,522|156,719|
||Obligations
under finance leases|||13|43,973|61,898|
||Other borrowings||||8,625|19,247|
||Other taxation and social security||||61,241|25,764|
||Deferred income|||16|424,138|444,972|
||Trade creditors||||434,397|444,340|
||Amounts
owed to fellow group undertakings|||||10,752|
||Other creditors||||71,593|96,323|
||Accruals||||275,335|280,563|
||||||1,496,824|1,540,598|
|5|Creditom: amourds|falling due|after more than one year||||
||||||2023|2022f|
||Bank loans|||12|1,406,837|1,602,230|
||Obligations
under finance leases|||13|42,539|86,512|
||Other borrowings|||||8,625|
||Other creditors||||176,667|216,667|
||||||1,626,043|1,914,034|
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|16|Deferred Income|||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||5||
||Arising from grants|||190,752|238,000|
||Arising from block bookings/events|||233,386|206,972|
|||||424,138|444,972|
|||||2023|2022|
|||||8|5|
||Deferred income is|induded|within;|||
||Cumsnt
liabE/ties|||424,138|444,972|
||Movemsnts
in the year.
Defensd income at 1April||2022|444,972|136,800|
||Released from previous periods|||(254,220)|(136,800)|
||Resources deferred|in the year||233,386|444,972|
||Deferred income at|31 March 2023||424,138|444,972|
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|Mortality assumptions|Mortality assumptions||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The assumed|life expectations|||on|retimment|||st|age 65|are:|||||
||||||||||||||2023|2022|
||||||||||||||Years|Years|
|Retiring today|||||||||||||||
|-Males|||||||||||||21.1|21.3|
|-Females|||||||||||||23.9|24|
|Retiring
in 20years|||||||||||||||
|-Males|||||||||||||22.3|22.6|
|-Females|||||||||||||25.3|25.4|
|Amounts
recognised
in the profit and loss|||||||account:||||||||
||||||||||||||2023|2022|
||||||||||||||8|8|
|Cur lent ssnrice|cost||||||||||||164,000|161,000|
|Net intewst on|defined|benefit liability/(asset)|||||||||||23,000|30,000|
|Other costs and income|||||||||||||1,000|1,000|
|Total costs|||||||||||||188,000|192,000|
|Amounts
taken|to other|comprehensive||||income:|||||||||
||||||||||||||2023|2022|
||||||||||||||8|8|
|Actual return
on scheme|||assets||||||||||165,000|(182,000)|
|Less; calculated|interest||element||||||||||39,000|27,000|
|Return
on scheme assets excluding|||||interest|||income|||||204,000|(155,000)|
|Actuarial changes related|||to obligations||||||||||(1,269,000)|(569,000)|
|The
amounts|induded||in the|balance|||sheet||arising|from|the|Charitable|||
|Company's
obligations||in|respect of||defined benefit plans|||||are|as fofiows:||||
||||||||||||||2023|2022|
||||||||||||||5|8|
|Present value ofdefined||benefit||obligations|||||||||1,371,000|2,433,000|
|Fair value ofplan assets|||||||||||||(1,393,000)|(1,533,000)|
|(Surplus)/deficit|in scheme||||||||||||(22,000)|900,000|
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|17|Retirement
benefit schemes|||||(Continued)|
|---|---|---|---|---|---|---|
||Movsmsnts
in the present value|ofdefined|benefi|obligations:|||
|||||||2023|
|||||||5|
||Liabilities at 1April 2022|||||2,433,000|
||Current service cost|||||164,000|
||Benefit paid
Contributions
from scheme members|||||(50,000)
31,000|
||Actuarial gains and losses
Interest cost|||||(1,269,000)
62,000|
||At 31 March 2023|||||1,371,000|
||The defined benefit obligafions
arise from plans which ars wholly or partly funded.||||||
||Movements
in the fair value ofplan assets;||||||
|||||||2023|
|||||||5|
||Fair value ofassets at 1April 2022|||||1,533,000|
||Interest income|||||39,000|
||Return
on plan assets (sxduding|amounts|induded|in net interest)||(204,000)|
||Benefits paid
Contribufions
by the employer
Contributions
by scheme members
Other|||||(50,000)
45,000
31,000
(1,000)|
||At 31 March 2023|||||1,393,000|
||The fair value ofplan assets at the reporting||period|snd was as follows:|||
||||||2023|2022|
||||||5|5|
||Equity instruments
Debt instruments||||874,000
202,000|951,000
248,000|
||Pmparty
Cash||||176,000
21,000|183,000
32,000|
||Target ratio portfolio
Infrastructure||||192,000|5,000
188,000|
||Longevity
insurance||||(72,000)|(74,000)|
||||||1,393,000|1,533,000|
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|Analysis|ofnet assets between funds||||
|---|---|---|---|---|
||||Unrestricted|Unrestricted|
||||funds|funds|
||||2023|2022|
||||8||
|Fund balances at 31 March 2023are represented||by:|||
|Tangible assets|||1,927,838|2,104,564|
|Current assets/(liabilities)|||(1,132,927)|(1,041,919)|
|Long term|liabilities||(1,626,043)|(1,914,034)|
|Provisions|and pensions||22,000|(900,000)|
||||(809,132)|(1,751,389)|
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|Operating
lease|commHmenta|commHmenta|||||||
|---|---|---|---|---|---|---|---|---|
|At the reporting|end date the Charitable||Company|had outstanding|commitments|for future|minimum|lease|
|payments
under|non-cancefiable|operakng|leases,|which fall due as|follows:||||
|||||||2023||2022|
|||||||8||8|
|Within one year||||||532,242||511,242|
|Between two and|five years|||||2,048,960|2,302,914||
|In over five years||||||117,991||350,710|
|||||||2,699,193|3,164,866||
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|23|Cash generated
from|operations|operations|operations||2023
8|2022
8|
|---|---|---|---|---|---|---|---|
||(Deficit)/surplus
for the|year||||(122,743)|164,521|
||Adjustments
for.|||||||
||Depreciation
and impairment||oftangible fixed assets|||231,944|262,552|
||Digsrance between pension||charge and cash conhtbutions|||143.000|151,000|
||INovsments
in woddng|capital:||||||
||gncrease)
in stocks
(Increase)ldecrease
in|debtors||||(1.650)
(91,970)|(5,747)
68,426|
||(Decrease) in creditors|||||(55,196)|(371,368)|
||(Decrease)/Increase
in|deferred||income||(20,834)|308,172|
||Cash generated
from|operations|||||577,556|
|24|Analysis ofchanges|In net|(debt)lfunds|||||
||||||At 1April 2S22|Cash ttawaAt 31March 2223||
|||||||8|8|
||Cash at bank and in hand||||372.011|(228,402)|143,609|
||Loans falling dus within one||year||(175,9ee)|(10,181)|(186,147)|
||Loans fafiing due alter|more|than|ons year|(1,610,855)|204,018|(1,408,837)|
||Obligafions
under financ leases||||(148,410)|81,898|(88,512)|
||||||(1,563,220)|27,333|(1,535887)|