# ## ||||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)| ## ## ##