OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-01-31-accounts

Page
Trustees'
report		 1-3
Independent
examiner's		 report
Statement offinancial activities 5-6
Balance sheet 7-8
Statement ofcash flows
Notes to the financial statements 10-27

for illustration
and		 will be subject to confir mation:
5'000
Asset removal
and reinstatement		 costs 50
Legal fees 30
Auctioneer Fees 10
Staff Termination costs (estimate) 10

nl
0I-		 O
N0		 4I IA
CD
ID		 ID
Ol
N		 Dl
CD		 N Ol
COI		 O
O
o
N		 O
O
o
N
CO
IA		 CD
ID
Dl
N N
ID
0))
0		 O
N		 4l
'0
Cl
0		 N
C
'0		 O
NO		 4l
I C-
Dl
DlL
'0
4I
C
C
ID
Ql		 ID
'0
c		 O
NON		 4l O
O
O
N		 O
O
O
CO
IA		 CI
CI
CI
CI
CD		 CI
CIO
'ct
Ct
N
Cl
CI
Cl
Cl		 O
NO
N		 DI N
'N
ID
Ol		 IA
I
tA
N		 Ol
ID		 CI
ID
Dl
CO
'll		 CO
Ol
CI
Cl tA
Cl N
C
80 N
N
N		 4l O
IAN
CD		 CO
CD
CD
o		 CO
CD
CI
C Dl
Q
C		 N
N
ON		 4l
C
0
C
IU
I-zo0
OO
IU
CtQ (L
IU gi I-)o
I-
~z
&x~
+ IU
~o
OZ
zg
cC~
Z~
U-0
U. O
oz
ZU
IU Z
Ko
IUD
I-g
I-
CQ—		 04
CCC
o
LU
o
UI
O
0
UI
U.
I
0
U		 Q
0C
D		 N
Q
C
C		 N
N
ON		 4l
ID0
0Z		 00
9
CO		 ID
ID
0
IC
ID
Tl
ID
C0
DC		 N
C
Cl
ID		 CI
IA
N
ID
N
Dl
E00C
8
I		 C 0
COa
C
ID
CD
C
N
ID'0C
LL		 COO
N
CI
N
Cl
0
ID
ID
J3
ID
Dl0		 ClE
Cl
0
N
C0
NCSa
O
IDC
Cl
'0
ClCO
Cl'0
0
N
ID
C
z		 Cl
0		 CO
ID
DC
ID
IA
Dl
I
'0
C00.
X0
80		 DI
8
E
4I
I0
4l
ID00
0
N
E
QI
C
E
0C
Ql
C0
Ql
0
4IX
90 O
N'0
N		 4I ED
EO
Ct
OE		 ED
EO
Cl
Ol		 Ct
CI
N		 I
CI
EO
Ct
N N
N O
N
CI		 4l Ct
Ct		 O
Ct
N
CO CO
L
IU
'O
Ul
0		 hl
'O		 O
NON		 4l EO
Ct
CV
I h
N
N
hl
I5
Ol
N		 hl
C
'O		 O
N
OlN		 4I 0
O
O
O
EO		 O
O
O
OE
N		 OO
ED
IO		 Ct
CI
Ct
IXI		 Ct
CI
CI		 CI
CI
ID
'lC		 E0
IU
UtO
'0
N		 NOW
D N
L0		 'll OO
O		 EU
C
N
hl
CO		 « Ch I Ch
NN		 000
EU
IU
IU N
N		 4I
ClN 'O
C
thO.
X
Ul
'O
ht N
'O
C		 N
N
O
N		 4I ED
CD		 ID
CD
IO		 0
hl0		 EU
EU
E
0
OC		 CO CO IU 8C
C
O
IU I-
D Z
Z D
~O
O NI'
IU
lO U«
LU &
I-I-)0
I-~
0 U
~x
2 IU
~o
OZ
Z c(
Z~o
~~ O
ZQ
I
UI Z
Ko
UI Q
I-g
~&0
IICI Z		 C
O
CI
O0
0.
III
0		 IU'000
N
hl
C		 lh
D
C
«		 N
N
O
N		 4l
hlhl0Z		 N
C
hlI
hl
0
EU
hl
Ih
ht0
0
N
ht
O
hlX		 OC
EU
hl
EhC
Ul		 Ih
EU0
0
Ih
61
0
hlR		 0
0
C
N
hlC
N
Ol
'O
N.N
C
Ot
0
N
UI
0		 N
th
E
0
hl
C0
Eh
L
ht
ht
N
C
O
ht
0
NN
0
N
m
«I:		 N'00
L
0
E
0
E
NX		 Ct
Ct
hl
0
O0
hl
N
IU0C
EU
EU
«6'0
C
EL		 CON
CO
NN
N
4
0L
hl
IU
lh
Ul0C
hl
IU
hl'0
EL		 ClN
C
Ot00
N
N
N
IhN0
C
EU
N
th
Ol
th
th
IU
'O
OC
N
EU
'8
EU0C
NC
0
N
E
N
N		 hl
IU
O
E5
Ol
C
C
C00
E
EU
EU
hl
C
ht
OL
X
hl'0L
IU
EU
E00I:
«C		 EU
0
Eh
C
ht
E
O
hl
hl
hl
hl
E80
Ih
EU
th
ht
0
Ul
EU6
l5
I
0
C
hl
E
EU
EU
Eh
ht

2022 2020 2020
Notes 6 6 6
Fixed assets
Tangible assets 13 276,814 324,054
Heritage assets 14 1,844,500 1,844,500
2,121,314 2,168,554
Current assets
Stocks 16 1,974 96
Debtors 17 28,974 321,265
Cash at bank and in hand 303,655 206,790
334,603 528,151
Creditors: amounts falling due within
one year 20 (730,588) (378,680)
Net current (liabilities)/assets (395,985) 149,471
Total assets less current liabilities 1,725,329 2,318,025
Creditors: amounts falling due after
more than one year 21 (64,110) (280,088)
Net assets 1,661,219 2,037,937
Capital funds
Endowment funds - general 23 1,844,500 1,844,500
Income funds
Unrestricted funds (183,281) 193,437
1,661,219 2,037,937

2022 2020
Notes
Cash flows from operating activities
Cash generated
from/(absorbed		 by) 30
operations 491,780 (1,407, 103)
Investing activities
Purchase oftangible
fixed assets		 (69,960) (370,598)
Proceeds on disposal oftangible fixed
assets 28,439
Investment income received 4,649
Net cash used in investing activities (41,521) (365,949)
Financing activities
Proceeds from borrowings 386,000
Repayment of borrowings (350,616) (35,384)
Payment ofobligations
under		 finance
leases (2,778) (1,688)
Net cash (used in)/generated from
financing activities (353,394) 348,928
Net increase/(decrease)
in		 cash and cash
equivalents 96,865 (1,424,124)
Cash and cash equivalents at beginning of Period 206,790 1,630,914
Cash and cash equivalents at end of Period 303,655 206,790

Unrestricted Restricted Total Total
funds funds
2022
6		 2022 2022
6		 2020f
Donations and giRs 17,490
Coronavirus Job Retention Scheme
grants 51,209 51,209 1,979,135
Other government grants 27,357 27,357 200.000
78,566 78,566 2,196,625
Forthe Period ended 30 September
2020 2,196,622 2,196,625

2022 2020
6
Sports Services 6,570,803
Arts 290,854
Museums,
I		 ibraries and Archives 802,166
Management Service Fee 2,310,140
Service Level Agreements 1,064,786
Theatre 1,207,776
Lost World 47,684
Other income 6,413
47,684 12,252,938
Analysis
by		 fund
Unrestricted funds 47,684 11,525,175
Restricted funds 727,763
Unrestricted Total
funds
2022 2020
Interest receivable 4,649

2022 2020
Other fundraising costs 40,066
Staff costs 89,728
Support costs 16,902
Governance
costs		 2,264
148,960
For the Period ended 30September 2020
Fundraising
and publicity		 146,696
Trading costs 2,264
148,960
3
0		 O
cv
O		 4I LO
0)
IO		 If&
(0
P)		 CO
cO
cO
P)
'CI		 CV
0&
0)
00		 cO
0&
ED		 O
CV		 0&
CI		 cO
IA0)
0)		 OD
EO
~
ill0
p		 N
N
o
N		 Ck CO
CO
0)
CD		 0
&D
I
CO
CO		 CV
c9		 CA
CI
C9		 N
CI
C9
Ch		 00
Ol
Ct		 ED
CO
C&
fh»
u& c		 4I
Cl
c E
N O.
Cl YlC
Cl
'O
lO 4l
n!
Cl
I
th CU
LO
CO
'ct
EO
'0
g
w		 Cl
I
&		 4l (0
0)		 C&
lO
I		 CV
P)		 Cb
D		 CO
CD
CD
0) CO
CO		 ID
EO
CL
CO
f
O CD CO
rD
N
(0		 0)
IA
CB
N
O
IllDZI-Z0
O AI
V)I-Z
lUK
lU		 O
AI
C		 VC
0
O		 CI
N
CI
CO I
I-
tD
OX
Z
LL
UJZI-0I-
M
LUI-0Z		 CI
0
CI0
R
Ill
VJ
0		 N
Cl
VC
4l
Zi
EO
EO
O		 u
Eh
O
O
ICB
CO		 III
E
IIIO.
E
C
EO
C
g
EO
Q
e
0		 O
Ul
O
O
h
Ct
CL0
Ul
'D
C
Ih
rn 0
00 S
4)
NC
tl!
0+		 Cl
0
L
~
Cl
M
o)
Vl
O
0
o
O.
EO
0
ID
ill
CO		 &tl
O
C
ID
Ct
CO
o&
VlO
O
ID
O
C
ll!
ES
0
Ol
O
ID
lU
K		 C
Ol
III		 N
C
O
IIIS
c		 rh
'D
13
ID
O
N
Cl		 III
E
Cl
CL
Cl
M
Cl
Cl
a
Cl
0
Cl
g
V
0
IL		 u&
D
w
S
O
N
Q
C		 C
'O
(p
Vl
8

Support costs
Support Governance 2022 Support Governance 2020
costs costs costs costs
5 5 5
Staff costs 605,666 201,888 807,554
ICT 731,261 731,261
Legal services 18,648 18,648
HR and payroll 225,121 225,121
Other costs 9,828 9,828 86,187 21,373 107,560
9,828 9,828 1,666,883 223,261 1,890,144
Analysed
between
Fundraising 16,902 2,264 19,166
Charitable
activities		 9,828 9,828 1,649,981 220,997 1,870,978
9,828 9,828 1,666,883 223,261 1,890,144

The averag e monthly
number employees
during the Perio		 d was:
2022 2020
Number Number
Museums, Libraries and Archives 97
Sports and Leisure 324
Arts 21
Theatre 25
Support 30
497
Employment costs 2022 2020
6 6
Wages and salaries 128,758 8,191,411
Social security costs 5,685 446,403
Other pension costs 384,063
134,443 9,021,877
The nu mb er
ofemployees
whose annual
remunera		 tion
was 660,000or more were:
2022 2020
Number Number
60,000 to 70,000 1

Total Endowment
funds
2022 2020
Movement on pension liability (582,000)
(582,000)

trading for profit, the c trading for profit, the c haritable
company
is exempt		 from taxation
under section 5		 05of IOTA 198 8.
Tangible fixed assets
Plant and Fixtures, Total
machinery fittings S
equipment
Cost
At 1 October 2020 339,618 20,114 359,732
Additions 69,960 69,960
Disposals (32,814) (32,814)
At 31 January 2022 376,764 20,114 396,878
Depreciation and impairment
At 1 October 2020 33,483 2,195 35,678
Depreciation charged in the Period 82,908 5,853 88,761
Eliminated
in		 respect ofdisposals (4,375) (4,375)
At 31 January 2022 112,016 8,048 120,064
Carrying
amount
At 31 January 2022 264,748 12,066 276,814
At 30September 2020 306,135 17,919 324,054

15 Financial
instruments		 Financial
instruments		 2022 2020
6
Carrying
amount offinancial		 assets
Trade Debtors 16,580 23,557
Cash 303,655 206,790
Other debtors 11,044 136,821
Accrued income 1,350 160,887
332,629 528,055
Carrying
amount offinancial		 liabilities
Trade creditors 30,052
Other creditors 108,148
Accruals 38,807 83,215
146,955 113,267
16 Stocks
2022 2020
Finished goods and goods for resale 1,974
17 Debtors
2022 2020
Amounts
falling due within one year:		 f
Trade debtors 16,580 23,557
Other debtors 11,044 136,821
Prepayments and accrued income 1,350 160,887
28,974 321,265
18 Loans and overdrafts
2022 2020
f
Other loans 350,616
Payable
within		 one year 80,416
Payable after one year 270,200

Future mini mum le ase payments
due under
hire purcha		 se
agreements:
2022 2020
6
Within one year 2,894 2,894
Within two and five years 7,110 9,888
10,004 12,782
Hire purchase payments payments represent rentals payable by the charity by the charity for certain items of plant and machinery. for certain items of plant and machinery. for certain items of plant and machinery. for certain items of plant and machinery.
Interest
rates		 are fixed at the contract date. All leases are on a fixed repayment
basis		 and
no
arrangements have been entered into for contingent rental payments.
20 Creditors: amounts falling due within one year
2022 2020
Notes 6
Obligations
under finance		 leases 19 2,894 2,894
Borrowings 80,416
Other taxation and social security 129,553
Deferred
income		 22 52,550
Trade creditors 30,052
Amount
due to		 parent
undertaking		 580,739
Other creditors 108,148
Accruals 38,807 83,215
730,588 378,680
21 Creditors: amounts falling due after more than one year
2022 2020
Notes 6
Obligations
under finance		 leases 19 7,110 9,888
Borrowings 270,200
Amount
owed to parent
undertaking		 57,000
64,110 280,088

2022f 2020
f
Deferred grants and income in advance 52,550
Deferred income is included in the financial statements as follows:
Current liabilities 52,550
23 Endowmentfunds
Endowment
funds represent		 assets which must be held permanently by the charity. Income arising on the
endowment
funds can be		 used in accordance with the objects ofthe charity and is included as unrestricted
income. Any capital gains or losses arising on the assets form part ofthe fund.
Whilst		 it is recognised
that
there are legal restdictions on the ability of a corporate entity to hold permanent
endowments,		 these assets
are treated as such in these accounts due to the conditions under which the assets were passed to the
charity.
Ilovement in funds
Balance at Incoming Balance at Incoming Balance at
1 April 2010 resources1 October 2020 resources 31January
2022
f
Permanent
endowments
Sculpture collection 1,844,500 1,844,500 1,844,500
1,844,500 1,844,500 1,844,500

Movement in funds Movement
in funds
Balance at Incoming Resources Balance at Incoming Balance at
1April 2010 resources expended1 October 2020 resources 31 January
2022
Book fund 46,501 210,145 (256,646)
Museums, libraries and
archives 43,967 159,061 (203,028)
Sports development 93,928 (93,928)
Arts 264,632 (264,632)
90,468 727,766 (818,234)

Movement in funds
Balance at Resources Transfers Investments Balance at Balance at
1 April 2019 expended seine/losses1 October 2020 31January
2022
f
Defined benefit pension
scheme 437,000 604,000 (229,000) (812,000)
437,000 604,000 (229,000) (812,000)
During the previous year the LGPS defined benefit scheme was transferred
to Peterborough		 City Council
on the termination of the SLA.
Analysis of net assets between funds
Unrestricted Endowment Total Unrestricted Endowment Total
funds funds funds funds
2022 2022 2022 2020 2020 2020
8 F 6 f
Fund balances at 31
January 2022 are
represented
by:
Tangible assets 276,814 276,814 324,054 324,054
Heritage assets 1,844,500 1,844,500 1,844,500 1,844,500
Current assets/
(liabilities) (395,985) (395,985) 149,471 149,471
Long term liabilities (64,110) (64,110) (280,088) (280,088)
(183,281) 1,844,500 1,661,219 193,437 1,844,500 2,037,937

2022f 2020
5
Nlithin one year 1,044 1,044
Between two and five years 2,784 3,828
3,828 4,872

2022f 2020
Aggregate compensation 230,395

included
within creditor		 s is 5637,7 39 ow ed to Nene Par k Trust.
30 Cash generated
from		 operations 2022 2020
5 6
Deficit for the Period (376,718) 139,060
Adjustments
for:
Investment
income recognised
in statement		 offinancial activities (4,649)
Depreciation
and impairment
oftangible		 fixed assets 88,760 336,151
Difference between
pension charge and		 cash contributions (375,000)
Movements
in working		 capital:
(Increase)/decrease
in		 stocks (1,878) 60,432
Decrease
in debtors		 292,291 201,104
Increase/(decrease)
in		 creditors 541,875 (1,231,867)
(Decrease)
in defened		 income (52,550) (532,334)
Cash generated
from/(absorbed		 by) operations 491,780 (1,407,103)

31 Analysis ofchanges in net funds/(debt)
At 1 October Cash flows At31 January
2020 2022
6 6
Cash at bank and in hand 206,790 96,865 303,655
Loans falling due within one year (80,416) 80,416
Loans falling due after more than one year (270,200) 270,200
Obligations under finance leases (12,782) 2,778 (10,004)
(156,608) 450,259 293,651