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2021-12-31-accounts

Page
Report ofthe Trustees 1 to 5
Report ofthe Independent Auditors 6 to 9
Statement
of Financial Activities		 10
Balance Sheet
Notes to the Financial Statements 12 to 24

FOR THE YEAR ENDED 3
DECEMBER2021		 FOR THE YEAR ENDED 3
DECEMBER2021		 FOR THE YEAR ENDED 3
DECEMBER2021
31.12.21 31.12.20
Unrestri'cted Rastrlcted Total Total
fund funds funds funds
as I'est'ated
¹t'e0 E
INCOME AND ENDOWMENTS FROM
Doiiations and legacies , 2 '16,097 '11,000 27,097 11,334
Charitable
activities		 '3
Operation
ofcerltre facilities		 195,772 195,772 ' 160,465
Other income 28,497 28,497
Total 240,366. 11,000 251,366 171,799
EXPENDITURE ON
Charitable. activities
Operation
of.cenfre.facilities		 179,136 69,845 248,981 '230,136
NET INCOME/(EXPENDITURE) 61,230 .(5$,845) 2-;385. (58,337)
RECONCILIATION
OF FUNDS
t
Total, funds brought forward 4I239 2i106365 2I110,.604 2,168,941
TOTAL FUNDS CARRIED FORWARD 65,469 2,047,520 2,112,989 2,110,604

BALANCE,SHEET
31DECEMBER 2021
31.12 21 311220
as restated
Notes E E
FIXED:ASSETS'
Tangible assets, 13 2)059,760 2,1,13,118
CURRENT ASSETS
Debtors ,27,993 22)'d82
Cash at banK and in hand 104,372 ,38,880
132,365 61,262
CREDITORS
Amounts
fallif)g dug within one year		 15 P9,136) (63,776)
NET CURRENT ASSETS 53,229 (2,514)
TOTAL.ASSETS.LESSCURRENT LIABILITIES 2,112,989 2,110,604
v
NEJ ASSETS 2,112,989 2,%10,604
,FUNDS 19
Urirestricted
funds		 65,469 4,239
Restricted funds ;2,047,520 2,106,365
TOTALFuNDS 2,112,989 2,110,604

31.12.21 31.12.20
as restated
f f
Grants 27,097 11,334
Grants received, included in the above, are as follows:
31.12.21 31.12.20
as restated
f
Covid rates support grants 11,334
Local restrictions support grant 4,097
Closed business lockdown payment 4,000
Restart grant 8,000
National Leisure Recovery Fund 11,000
27,097 11,334

3. INCOME FRO M CHARITAB LE ACTIVITI ES
31.12.21 31.12.20
as restated
Activity E
Centre activities 8 related
income Operation ofcentre facilities 106,580 64,085
Management fees Operation ofcentre facilities 89,192 96,380
195,772 160,465
4. OTHER INCOME
31.12.21 31.12.20
as restated
E E
Other income 28,497

Direct Support
Costs (see costs (see
note 6) note 7) Totals
E E
Operation ofcentre facilities 128,446 120,535 248,981
DIRECT COSTS OF CHARITABLE ACTIVITIES
31.12.21 31.12.20
as restated
E F
Staff costs 68,999 63,446
Other staff costs 368 415
Bad debts (4,676) 4,569
Depreciation 63,481 65,166
Loss on sale ofassets 274
128,446 133,596

Governance
Management costs Totals
E F
Operation of centre facilities 114,535 6,000 120,535
Support costs, included in the above, are as follows:
Management
31.12.21 31.12.20
as restated
Operation
ofcentre Total
facilities activities
E E
Property costs 72,352 40,482
Insurance 7,616 8,031
Administrative costs 12,665 13,818
Management fee 20,000 20,000
Postage and stationery 177 35
Advertising 260
Sundries 1,690 2,707
Legal and professional fees 35 845
Irrecoverable VAT 2,534
114,535 88,712
Governance costs
31.12.21 31.12.20
as restated
Operation
ofcentre Total
facilities activities
E E
Auditors'
remuneration		 6,000 7,828
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.12.21 31.12.20
as restated
E E
Auditors'
remuneration		 6,000 7,828
Depreciation - owned assets 63,482 65,166
Deficit on disposal offixed assets 274

STAFF C OSTS
31.12.21 31.12.20
as restated
E E
Wages and salaries 61,269 57,413
Social security costs 4,246 3,008
Other pension costs 3,484 3,025
68,999 63,446
The average
monthly		 number ofemployees during the year was as follows;
31.12,21 31.12.20
as restated
Oeration ofcentref cilities 10

Unrestricted Restricted Total
fund funds funds
as restated
E
INCOME AND ENDOWMENTS FROM
Donations and legacies 11,334 11,334
Charitable activities
Operation ofcentre facilities 171,799 (11,334) 160,465
Total 171,799 171,799
EXPENDITURE ON
Charitable activities
Operation ofcentre facilities 171,291 58,845 230,136
NET INCOME/(EXPENDITURE) 508 (58,845) (58,337)

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
as restated
E
RECONCILIATION
OF FUNDS
Total funds brought forward 3,731 2,165,210 2,168,941
TOTAL FUNDS CARRIED FORWARD 4,239 2,106,365 2,110,604

TANGIBLE FIXEDASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
E E f
COST
At 1 January 2021 2,942,261 225,697 401,868 3,569,826
Additions 10,398 10,398
Disposals (6,922) (6,922)
At 31 December 2021 2,942,261 229,173 401,868 3,573,302
DEPRECIATION
At 1 January 2021 835,896 219,532 401,280 1,456,708
Charge for year 58,845 4,049 588 63,482
Eliminated
on disposal		 (6,648) (6,648)
At 31 December 2021 894,741 216,933 401,868 1,513,542
NET BOOK VALUE
At 31 December 2021 2,047,520 12,240 2,059,760
At 31 December 2020 2,106,365 6,165 588 2,113,118

14. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
as restated
E E
Trade debtors 4,337 8,203
Prepayments
and accrued		 income 23,656 14,179
27,993 22,382
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
as restated
E E
Trade creditors 9,831 9,291
Amounts
owed to group		 undertakings 17,130 14,008
Social security and other taxes 21,024 18,023
Other creditors 549 549
Deferred income 9,232 9,525
Accrued expenses 21,370 12,380
79,136 63,776

31.12.21 31.12.20
as restated
E E
Within one year 1,466

31.12.21 31.12.20
as restated
Unrestricted Restricted Total Total
fund funds funds funds
E E E
Fixed assets 12,240 2,047,520 2,059,760 2,113,118
Current assets 132,365 132,365 61,262
Current liabilities (79,136) (79,136) (63,776)
65,469 2,047,520 2,112,989 2,110,604
19. MOVEMENT IN FUNDS
Net
movement At
At 1.1.21 in funds 31.12.21
E E
Unrestricted funds
General fund 4,239 61,230 65,469
Restricted funds
Severn Centre Building Fund 2,106,365 (58,845) 2,047,520
TOTAL FUNDS 2,110,604 2,385 2,112,989
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
E
Unrestricted funds
General fund 240,366 (179,136) 61,230
Restricted funds
Severn Centre Building Fund (58,845) (58,845)
National Leisure Recovery Fund 11,000 (11,000)
11,000 (69,845) (58,845)
TOTAL FUNDS 251,366 (248,981) 2,385

Net
movement At
At 1.1.20 in funds 31.12.20
F E F
Unrestricted funds
General fund 3,731 508 4,239
Restricted funds
Severn Centre Building Fund 2,165,210 (58,845) 2,106,365
TOTAL FUNDS 2,168,941 (58,337) 2,110,604
Incoming Resources Movement
resources expended in funds
F E
Unrestricted funds
General fund 171,799 (171,291) 508
Restricted funds
Severn Centre Building Fund (58,845) (58,845)
'
TOTAL FUNDS 171,799 (230,136) (58,337)