##
##
|||||Page|
|---|---|---|---|---|
|Reference and administrative||details ofthe Company,|its Trustees and advisers||
|Trustees'
report||||2-9|
|Independent
auditors'|report|on the financial statements||10-13|
|Statement offinancial|activities|||14|
|Balance sheet||||15-16|
|Statement ofcash flows||||17|
|Notes to the financial|statements|||18-38|
|REFERENCE AND|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE
DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS|ADMINISTRATIVE
DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS|ADMINISTRATIVE
DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS|ADMINISTRATIVE
DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS|ADMINISTRATIVE
DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS|ADMINISTRATIVE
DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|---|---|---|---|
||||FOR THE YEAR ENDED 31 MARCH 2022||||||
|Trustees|||David Freed, Chair ofTrustees||||(Appointed|17/12/10)|
||||David Powell (Appointed||17/12/10, resigned|||8/11/22)|
||||lain Neary (Appointed|12/01/1 2)|||||
||||Mike Alden (Appointed||25/04/12, resigned|||28/11/2022)|
||||Matthew
Moore (Appointed|||25/04/12)|||
||||Jonathon
Baker (Appointed|||17/07/14)|||
||||Gill Carter (Appointed|28/04/1 5)|||||
||||Clive Harry (Appointed||28/04/1||5)||
||||Marie Wright (Appointed||01/09/1 6)||||
||||Neil Way (Appointed|04/04/17)|||||
||||Philip Briggs (Appointed||05/10/20)||||
||||Avril Baker (Appointed||16/11/22)||||
|Company|registered||||||||
|number|||07472743||||||
|Charity registered|||||||||
|number|||1140834||||||
|Registered||office|The Park||||||
||||Daventry
Road||||||
||||Knowle||||||
||||Bristol||||||
||||BS41DQ||||||
|Independent||auditors|Randall 8 Payne LLP||||||
||||Chargrove
House||||||
||||Shurdington
Road||||||
||||Shurdington||||||
||||Cheltenham||||||
||||Gloucestershire||||||
||||GL51 4GA||||||
|Bankers|||National
Westminster|Bank|||||
||||290Wells Road||||||
||||Knowle||||||
||||Bristol||||||
||||BS42QA||||||
|Solicitors|||Osborne Clarke||||||
||||2 Temple Back East||||||
||||Temple Quay||||||
||||Bristol||||||
||||BS16EG||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Restricted|Unrestricted|Total||Total|
|---|---|---|---|---|---|---|---|---|
|||||funds|funds|funds||funds|
|||||2022|2022|2022||202'I|
||||Note|E|||||
|income from:|||||||||
|Donations
and|legacies|||864,494|10,028|874,522|2,133,627||
|Charitable
activities|||||5,502,764|5,502,764|801,247||
|Investments|||||17|17||13|
|Other income||||||||91,442|
|Total income||||864,494|5,512,809|6,377,303|3,026,329||
|Expenditure
on:|||||||||
|Raising funds||||||||3,255|
|Charitable
activities||||6,915|1,135,543|1,142,458||788,707|
|Total expenditure||||6,915|1,135,543|1,142,458||79'/,962|
|Net income||||857,579|4,377,266|5,234,845|2,234,367||
|Transfers
between||funds|18|(986,823)|986,823||||
|Net movement|in|funds||(129,244)|5,364,089|5,234,845|2,234,367||
|Reconciliation|of|funds:|||||||
|Total funds brought||forward||141,817|2,572,170|2,713,987||479,618|
|Net movement|in funds|||(129,244)|5,364,089|5,234,845|2,234,367||
|Total funds carried forward||||12,573|7,936,259|7,948,832|2,7/3, 985||
##
##
||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Note|||||
|Fixed assets||||||||
|Tangible assets|||||8,894,728||2,047,776|
||||||8,894,728||2,047,776|
|Current assets||||||||
|Debtors|||14|157„615||556,900||
|Cash at bank and in hand||||349,761||4,554,996||
|||||507,376||5,111,896||
|Creditors: amounts|falling due within one|||||||
|year|||15|(453,272)||(4, 'I45, 685)||
|Net. current assets|||||54,104||966,211|
|Total assets less current liabilities|||||8,948,832||3,013,987|
|Creditors: amounts|falling due after more|||||||
|than one year|||16||(1,000,000)||(300,000)|
|Net assets excluding||pension asset|||7,948„832||2,713,987|
|Total net assets|||||7„948,832||2,713,987|
|Charity funds||||||||
|Restricted funds|||18||12,573||141,817|
|Unrestricted
funds|||18||7,936,259||2,572,170|
|Total funds|||||7,948,832||2,713,987|
|||||2022|2021|
|---|---|---|---|---|---|
|||||R||
|Cash flows from operating
activities||||||
|Net cash used in operating
activities||||5,519,038|1,584,158|
|Cash flows from investing
activities||||||
|Proceeds from the sale of business
and|asset transfer|||9,665||
|Proceeds from the sale oftangible
fixed|assets||||238,643|
|Purchase oftangible
fixed assets||||(7,023,840)|(1,640,'/76)|
|Investment
income||||17|13|
|Increase / (decrease)
in capital creditors|and deferred||income|(3,410,115)|3,897,747|
|Net cash (used in)/provided
by investing||activities||(10,424,273)|2,496,227|
|Cash flows from financing
activities||||||
|Cash inflows from new borrowing||||700,000|315,000|
|Net cash provided
by financing
activities||||700,000|315,000|
|Change
in cash and cash equivalents|in the year|||(4,205,235)|4„395,385|
|Cash and cash equivalents
at the beginning||ofthe year||4,554,996|159,611|
|Cash and cash equivalents
at the end|of|the year||349,761|4,554,996|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2022|2022f|2022
E|2021|
|Donations|862,988|468|863,456|1,992,636|
|Grants|1,506|9,560|11,066|140,991|
||864,494|10,028|874,522|2,133,627|
|Total 2021|2,000,345|133,282|2,133,627||
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2021|
||K|K||
|Income from gym|15,221|15,221|7,618|
|Miscellaneous|51,664|51,664|5,108|
|Education|495,485|495,485|360,598|
|General rent|401,059|401,059|412,222|
|Casual income|40,567|40,567|'/5, 701|
|Cafe income|48,767|48,767||
|Lease surrender|4,450,001|4,450,001||
||5,502,764|5,502,764|801,247|
|Tofa!2021|801,247|801,247||
##
##
##
##
||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||2022|2022|2021|
|Disposal proceeds|||91,442|
|Total 2021|91,442|91,442||
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022|2022|2021|
|||F|||
|Fundraising|costs|||3,255|
|Total 2021||3,255|3,255||
##
##
||Restricted|Unrestricted|||
|---|---|---|---|---|
||funds|funds|Total|Total|
||2022|2022|2022|2021|
||||f.||
|The Park|6,251|809,835|816,086|492,864|
|Education|664|304,306|304,970|261,753|
|Gym||21,401|21,401|22,226|
|Development|||1|11,864|
||6,915|1,135,543|1,142,458|788,707|
|Tl2021||788,707|788,707||
##
||Activities||||
|---|---|---|---|---|
||undertaken|Support|Total|Total|
||directly|costs|funds|funds|
||2022f|2022|2022
f.|2021|
|The Park|297,942|518,144|816,086|492,864|
|Education|303,475|1,495|304,970|261,753|
|Gym|21,402||21,402|22,226|
|Development||||11,864|
||622,819|519,639|1,142,458|788,707|
|Ttl2021|510,683|278,024|788,707||
##
##
##
|||||||Developme|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||The Park
2022|Education
2022|Gym
2022|nt
2022|funds
2022|funds
2021|
|Staff costs|||242,106|264,280|15,366||521,752|426,343|
|Events|||3,807||||3,807|1,279|
|Educational
resources||||32,206|25||32231|21,666|
|Recruitment
training||and|350|2,451|||2,801|563|
|Equipment||costs|4,562|4,539|6,011||15,112|6,295|
|Marketing
advertising|and||2,735||||2,735|144|
|Irrecoverable
VAT|||44,382||||44,382|54,393|
||||297,942|303,476|21,402||622,820|5'/0, 683|
|Total 2021|||228,817|247,779|22,222|11,864|510,683||
##
##
##
||||||Total|Total|
|---|---|---|---|---|---|---|
||||The Park|Education|funds|funds|
||||2022|2022|2022|2021|
||||||E||
|Staff costs|||700|297|997|145|
|Bar and cafe expenses|||30,632|358|30,990|12,569|
|Premises costs|||236,277|45|236,322|161,810|
|Misc costs|||574|10|584|278|
|General office|||26,768|784|27,552|12,476|
|Communications|and IT||19,106||19,106|22,263|
|Finance costs|||10,469||10,469|1,168|
|Membership
subscriptions|||2,540||2,540|'/,453|
|Professional fees|||23,856||23,856|24,824|
|Depreciation|||21,002||21,002|41,038|
|Loss on disposal
fixed assets|oftangible||146,220||146,220||
||||518,144|1,494|519,638|278,024|
|Total 2021|||264,023|'/3,997|278,024||
|Auditors'
remuneration|||||||
||||||2022|2021|
|Fees payable to the Company's
annual accounts||auditor|for the audit ofthe Company's||6,300|5,564|
|Fees payable to|the Company's|auditor|in respect of:||||
|Other services||||||158|
##
##
##
|Staff costs||||||
|---|---|---|---|---|---|
|||||2022|2021|
|Wages and|salaries|||480,808|393,264|
|Social security costs||||28,740|20,039|
|Contribution|to defined|contribution|pension schemes|12,204|13,040|
|||||521,752|426,343|
##
##
##
||Long-term||||
|---|---|---|---|---|
||leasehold|Plant and|Other fixed||
||property|machinery|assets|Total|
|Cost or valuation|||||
|At 1 April 2021|345,640|127,821|1,875,560|2,349,021|
|Additions||26,501|6,997,339|7,023,840|
|Disposals|(345,640)|||(345,640)|
|At 31 March 2022||154,322|8,872,899|9,027,221|
##
##
##
##
|Tangible fixed assets (continued|)||||
|---|---|---|---|---|
||Long-term||||
||leasehold|Plant and|Other fixed||
||property|machinery|assets|Total|
|||F|E||
|Depreciation|||||
|At 1 April 2021|189,755|111,490||301,245|
|Charge for the year||6„827|14,175|21,002|
|On disposals|(189,755)|||(189,755)|
|At 31 March 2022||118,317|14,175|132,492|
|Net book value|||||
|At 31 March 2022||36,005|8,858,724|8,894,729|
|At 31March 2021|155,885|16,331|1,875,560|2,047, 776|
##
|Debtors|||||
|---|---|---|---|---|
||||2022|2021|
|Due within one year|||||
|Trade debtors|||86,194|296,759|
|Other debtors|||26|132,800|
|Prepayments|and accrued income||36,206|2,372|
|Tax recoverable|||35,189|124,969|
||||157,615|556,900|
|Creditors: Amounts||falling due within one year|||
||||2022|2021|
||||F||
|Other loans|||155,000|155,000|
|Trade creditors|||125,081|386,107|
|Other taxation|and social security||4,961|27,622|
|||||Page 28|
##
##
##
##
|||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||R||
|Financial|assets|||||||||||
|Financial|assets|measured|at|fair|value|through|income|and|expenditure|349,761|4,554,996|
##
|Statement offunds|- current y|ear|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1|||Transfers|31 March|
|||April 2021
F|Income
f|Expenditure|in/out|2022
R|
|Unrestricted
funds|||||||
|Designated
funds|||||||
|Fixed asset fund -owned||16,331||(6,827)|26,501|36,005|
|Leasehold
improvements||2,031,444||(170,060)|5,842,339|7,703,723|
|||2,047,775||(176,887)|5,868,840|7,739,728|
|General funds|||||||
|General Funds - all|funds|524,395|5,512,809|(958,656)|(4,882,017)|196,531|
|Total Unrestricted|funds|2,572,170|5,512,809|(1,135,543)|986,823|7,936,259|
|Restricted funds|||||||
|Other restricted||5,898|3,926|(5,751)||4,073|
|The Park Building
Redevelopment
Grateful Society||119,255
8,500|785,007||(904,262)|8,500|
|Alliance Fund||32||(32)|||
|Student welfare||632||(632)|||
|National
Lotto Covid response
grant||500||(500)|||
|Football club &youth moves
buildings||7,000|25,625||(32,625)||
|Churngold
Cafe'|||49,936||(49,936)||
|||141„817|864,494|(6,915)|(986,823)|12,573|
|Total offunds||2,713,987|6,377,303|(1,142,458)||7,948,832|
##
|||||||||||Balance at|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Balance at|||Transfers|31March|
|||||||1April 2020|Income|Expenditure|in/out|2021|
|Unrestricted|||funds||||||||
|Designated|||funds||||||||
|Fixed asset|||fund -owned|||120,45I||(6,472)|(97,648)|16,331|
|Leasehold||improvements|||fund|475,385||(34,564)|1,590,623|2,031,444|
|||||||595,836||(41,036)|1,492,975|2,047,775|
|||||||||||Balance at|
|||||||Balance at|||Transfers|31March|
|||||||1April 2020|Income|Expenditure|in/out|202'I|
|General|funds||||||||||
|General|Funds - all|||funds||10,208|1,025,984|(577,603)|65,805|524,394|
|Total Unrestricted||||funds||606,044|1,025,984|(618,639)|1,558,780|2,572,169|
||||||Balance at|
|---|---|---|---|---|---|
||Balance at|||Transfers|3'I March|
||1April 2020|Income|Expenditure|in/out|2021|
|Restricted funds||||||
|Nisbetts
Education|12,018||(12,018)|||
|Tea, dances 8 bingo|6,858||(960)||5,898|
|The Park building
redevelopment|(140,000)|1,943,100|(125,000)|(1,558,845)|'I19,255|
|Parkfest|935||(1,000)|65||
|Grateful Society|8,500||||8,500|
|Alliance Fund|32||||32|
|Student Welfare|(5'I6)|1,495|(347)||632|
##
##
|Stateme|nt offunds - prior yea|r (continued)|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at|||Transfers|31March|
|||1April 2020|Income|Expenditure|inl'out|2021|
|The Bramble Trust||(14,253)|25,000|(10,747)|||
|National|Lotto Covid response||||||
|grant|||21,000|(20,500)||500|
|Quartet|Covid support||2,750|(2,750)|||
|Football|club &youth moves||||||
|buildings|||7,000|||7,000|
|||(126,426)|2,000,345|(173,322)|(1,558,780)|141,817|
|Total offunds||479,6'/8|3,026,329|(79/,961)||2,713,986|
##
|Summary|offunds - cur|rent year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1|||Transfers|31 March|
|||April 2021|Income|Expenditure|in/out|2022|
|||f.|||||
|Designated|funds|2,047,775||(176,887)|5,868,840|7,739,728|
|General funds||524,395|5,512,809|(958,656)|(4,882,017)|196,531|
|Restricted|funds|141,817|864,494|(6,915)|(986,823)|12,573|
|||2,713,987|6,377,303|(1,142,458)||7,948,832|
##
##
|Summary|offunds - prio|r year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at|||Transfers|31March|
|||1April 2020|Income|Expenditure|in/out|2021|
|Designated|funds|595,836||(41,036)|1,492,975|2,047, 775|
|General funds||10,208|1,025,984|(577,603)|65,805|524,394|
|Restricted|funds|(126,426)|2,000,345|(173,322)|(1,558,780)|141,817|
|||479,618|3,026,329|(791,961)||2,713,986|
##
##
##
##
##
##
##
##
##
|Analysis|ofn|et assets between funds - c|urrent year||||
|---|---|---|---|---|---|---|
||||Restricted|Designated|Unrestricted|Total|
||||funds|funds|funds|funds|
||||2022
f|2022|2022|2022|
|Tangible
Current|fixed
assets|assets|12,573|8,894,729
218,597|276,206|8,894,729
507,376|
|Creditors|due|within one year||(373,597)|(79,676)|(453,272)|
|Creditors|due|in more than one year||(1,000,000)||(1,000,000)|
|Total|||12,573|7,739,729|196,531|7,948,833|
##
|Analysis|ofn|et assets between
funds - prior ye|ar|||
|---|---|---|---|---|---|
||||Restricted|Unrestricfed|Total|
||||funds|funds|funds|
||||2021|2021|2021|
|Tangible|fixed|assets||2,047,776|2,047,776|
|Current|assets||'/41,817|4,970,079|5,111,896|
|Creditors|due|within one year||(4,145,685)|(4,145,685)|
|Creditors|due|in more than one year||(300,000)|(300,000)|
||||141,817|2,572,170|2,713,987|
|21.|Reconciliati|on
ofnet movement|in fund|s to net cash flow from oper|ating
activities||
|---|---|---|---|---|---|---|
||||||2022f|2021|
||Net income|for the year (as per Statement||of Financial Activities)|5,234,845|2,234,367|
||Adjustments|for:|||||
||Depreciation|charges|||21,002|41,036|
||Loss/(profit)|on disposal offixed assets|||146,220|(91,441)|
||Decrease/(increase)
in debtors||||399,285|(514,360)|
||Decrease
in|creditors|||(282,297)|(85,43'/)|
||Investment|income (bank interest)|||(17)|(13)|
||Net cash provided
by operating||activities||5,519,038|1,584,158|
|22.|Analysis ofcash and cash equivalents||||||
||||||2022|2021|
||Cash in hand||||349,761|4,554,996|
||Total cash|and cash equivalents|||349,761|4,554,996|
##
##
##
|||||Amounts||
|---|---|---|---|---|---|
|||||receiveable||
|||||following||
|||||transfer of||
|||||trade and||
|||At 1 April||assets to|At 31 March|
|||2021|Cash flowsf|subsidiary|2022|
|Cash|at bank and in hand|4,554,996|(4,214,900)|9„665|349,761|
|Debt|due within
1 year|(155,911)|(1„390)||(157,301)|
|Debt|due after 1 year|(300,000)|(700,000)||(1,000,000)|
|||4,099,085|(4,916,290)|9„665|(807,540)|
##
##
||||2022|2021|
|---|---|---|---|---|
||||E||
|Not later than||1 year|1,517|'/,517|
|Later than|1 year and not later than 5years||632|2,149|
||||2,149|3,666|
##
##