Registered number.. 07555631
Charity number: 1145613
UNITY LEISURE
(A Company Limited by Guarantee>
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

UNITY LEISURE
IA Company Limited by Guarant8el
CONTENTS
Page
Reference and Admlnistratlve Detail$ of the Company, Its Trust8•s and Advisers
Trustees. Report
Indep8ndent Auditorfs Report on the Financial Statements
9-11
Stalement of Financial Actlvltles
12
Balance Sheet
13-14
Statement ol Cash Flows
15
Notes to the Financial Statements
16-37

UNITY LEISURE
IA Company Limitsd by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2021
Trustees
C J Holmes
M J Sawyer
W Pope
A K Ellis
A D Riley
D S Iles IresvJned 28 July 2020)
R J Aveling
A S King IresvJned 29 July 20211
P Jones
Z Smith (reS￿ned 29 July 20211
S Adams
D Crowther
H Barrett lappoinled 29 July 2021}
Company registered
number
07555631
Charity reglstered
number
1145613
Registered offke
78 Robert Street
Northampton
NorthamptonshiTe
NNI 3BJ
Company secretary
R J Austin
Managing director
J Fletcher
Independent auditor
hAHA MaclnlyTe Hudson
Pelerbridge House
The Lakes
Northampton
NN4 7HB
Page 1

UNITY LEISURE
IA Company Lirniled by Guarantge)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
Bankers
HSBC Bank
St Clair House
5 Old Bedford Road
Northampton
NN4 7AA
Members
C J Holmes
M J Sawyer
Wesl Northamplonshire Borough Council
Health Watch Northamptonshire
University of Northampton
Northamplonshire County Cricket Club
Voluntary Impact Northampton
Northamptonshire Sport
Duston Parish Council
Northampton Gener31 Hospital
Age UK Northamplonshire
Page 2

UNITY LEISURE
IA Company Llmlted by Guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2021
The Trustees present their annual report together with the audiled financial stslemenls of the Company for the
year 1 April 2020 10 31 March 2021. The Annual Report serves the purposes of both a Trustees. report and 8
directOTS' report under company law. The Trustees confirffl that the AnnLtal Report and finanaal sialements of
the charitable ¢ompany Comply wlh the eurrent slatulory r8quirements, the requirements of the charitablo
companvs governing document and the provisions of the Slalement of Recommended Practice ISORPI
appllcable lo charitie5 preparing their a￿unt$ in accordance ￿th the FinanrAal Reporting Stsndard applicable in
the UK and Republic of Ireland IFRS1021 leffecliv8 1 January 20191.
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report
required of medium ar￿ large companies under the Companies Act 2006 Islralegic Report arKJ Directors,
Report) Regulations 2013 has been omitted.
Objè¢tive5 and activltles
. Policlos and obJoetlvè$
'Inspiring Active LSfestyles'
The Trust has sel itself flve priorities=
To create and deliver initiatives for the improvement of Health & Wellbeing across the geographical area
we serve.
To improve on the Social Impact and value of our servi￿S.
To conlinttously improve customer service and joufney by delivering high quality services and facilities.
To generate income and SLtrpluses to allow us to invest, improve and increase our leisure offer.
To enhan¢e our skilled and motivated workforce.
In setting objectives and planning for acliwties. the Trustees have given due consideration lo general guidance
published by the Charity Commission relating to FxJbli¢ benefit. including the guidance 'Public benefit.. njnning
charity (PB2)'.
b. Achlevements and performance
The Trusts facilities have been closed for most of Ihg financial year bgcausg of Covid-19 restrictions. We havfr
assisted where we have been able to with tho national effort to combat Covid by offering our cenlrg al Danes
Camp for use as a mass testing cenlre. To be able lo remain solvent and viable has been d¢)wn lo the hard work
and effort of out whole team and the main achievement for the year.
. Main activities undertaken to fvrthgr the Company's purposes for the public bonefit
The Tiustees have referre(I lo the Charity Commission'5 guidance on public benefit when deciding on the
activities Unity Leisure provides. Unty Leisure prowdes public benefit in the following ways.-
To promote for the public benefit the provision of facilities for le¢￿allOn or other leisure lime occupation
foi individuals who have nged of such facilities by reason of thelr youth, age. infimily or disablement,
rinancial hardshlp or social and economlc circumstances or for the public at large in the intergsts of sodal
welfare and with the object of improving their conditions of life.
To advance health for the public benefit by promoting participation In healthy exerclse and physical
adivity.
To advance education in the arts for the public benefit in particular bul not exclusively by the maintenance
and mana9ernenl of 2 cAnema.
Page 3

UNITY LEISURE
(A Company Llmlted by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
Achiovements and p*rfom)ancg
. Kèy pèrfomian¢¢ indl¢ators
The shadow c)f Covid 19 hangs heavy over the Tnjst and will have a massive impact on our flnancial
perforrnance. We have seen our turnover reduce by over 60% {8xcluding Job Retention Scheme grants) and we
have lost £570,000 during the 2020121 financial year. We have taken out a CBILS loan 01 £350,000 lo help
manage our cashflows and ensurtr that we could continue to trade solvenuy. We have relied heavily on both the
job retention scheme and busines5 interruption grants to continue trading and our medium term future has been
secured by the award of a leisL*re specific government grant of £530.000 to cover 2020121 and 2021122 finanoal
years.
For 2021122 we are expecting lo make a small surplus bul this is down to grants and assislallce that it unlikely lo
be ￿ceiVed beyond the current financial year. 11 is likely that il will lake until September 2022 before we reach a
breakeven tx)silion and this is dependent on no further restrictions being put in ￿a¢e.
b. R¢vlew of a¢tlvltles
During 2020121 the maiorily of our facllilies wer8 closed for 7 months. During the 5 months we were allowed to
open we were 5everety restricted on what we were allowed to do.
To ensure that our customers felt as comfortable as they could we changed the way our farylities were laid out to
provide better social distancing betsyeen our customers. Extensive work and costs went into ensuring that the
risk of Iransmitbng Covid was reduced as much as Teasonably possible.
We continLted to engage closely with all members, through all of our active social media channels, we set up a
filming slkjdio and deliVe￿d onlinè live classes and activities and sel up 3 page for members to support our
charity though a just giving page.
We actively sourced all possible grants and funding opportunltles lo keep the businoss financially stsble an
afloat and we over communicated with the team whi15t they were on furlough.
Our facility at Danes Camp was used as a mass testing centre. Not only did this provide welcome employment
for our staff bul much needed revenue for the business.
Flnan¢lal rovlew
- Going ¢oncern
After making appropriate enquiries, the Trustees have a reasonable expeciation that the Company has adequate
resources to continue in operational existen￿ for the foreseeable future. For this reason. they continue lo adopt
the going concern basis in pr8paring the financial statements. Further delsils règarding the adoption of the going
concern basis can be found in the accounting policies.
Page 4

UNITY LEISURE
A Company Limited by Guaranteel
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2021
b. Reserves policy
The resetves policy for the Trust sets out the cash largel level Df roserves of £600,000. This figure i8 made up
of iwo key components namely..
£300,000 being the amount needed to manage fluctuation5 in cash flow
£300,000 being the amount needed lo manage unforeseen expenditure or drops in inc¢Jne
We currenlty do not sel aside any 8mounls to meet lulure expenditure as thi5 can all be funded by ongoing
revenue. 11 is though part of our strategy lo develop a new reserve of up lo £400,000 so that we can lake
advantage of opportunities as they come about.
As at 31 March 2021 the value of cash reserves held was £616,600.
It is though anlicipaled that the impact of Covid 19 will fully deplete 811 reserves of the Trust.
Stwcturei govemance and management
a. Constltution
The Company is registered as a charitable company limited by guarantee Icompany number.. 075556311,
governed by Memorandum and Articles of Association and was Sel up by a Trust deed in 2012.
The company is consliluled under a Trust deed and is a registered charity and holds the registration number
1145613.
The principal object of the company is lo operate for public benefit. facilities and 5eMces for leisure and
recreation and be sustainable.
The charitable company operates under the name'Northampton Leisure Trusr.
b. Methods of appointment or electlon of Trustees
The management of the Company is the responsibility of the Trustees who are elected and ¢o-opled under the
terms of the Trust deed.
. Policies adopted for the induction and training of Trustees
Trustees a￿ appointed and their conduct governed by the charitable company's Articles of Association and
Code of Conduct. New Trustees are recruited through local advertisements and any appointment would be
based on an assessment of the reqUI￿d abilities and, if appropriate. specialist skills required by the board. All
current Trustees have received training lo brief them on the1r legal obligations under charity and company law,
the conlenl of the Memorandum and Articles of Association, the committee and decision making process, the
Business Plan and financial monitoring of the charitable companls performance. Any new TTUSteelsl will
receive a commensurate level of training in accordanco with the Trustee induction policy. None of the TTuslees
receive remuner8tion or other benefit from their work wrth the charitable company.
Page 5

UNITY LEISURE
IA Company Limited by Guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2021
Structure. governance and management Icontinuedl
d. Pay policy for senior staff
The remuneration of the Managing Director and the Finan￿ Director is considered by a Remuneration
Committee. Other pemianenl staff are remunerated using an evaluation model promoted by the Joint
Negotiating Council. Where this is not appropriate, market rates are applied. Remuneration is based on a
combination of market rates. performance and the need lo retain key members of staff.
Organisational structure and decision making
The Board of Trustees, which can Contain up to 15 members. administers the charitable company. The board
meets on a bi-monlhty b8sis and there are the folk)wing 5ub-committees'.
Audit Committee.
Remuneration Committee,
The Managing Director and the Finance Director are appointed by the Trustees lo manage the day lo day
operations of the charitable company. To facilitate effective operations the Managing Director and the Finance
Director have delegated authority. within the lenns of delegation approved by the Trustees, for all operational
and administrative functions including finance, HR and IT.
f. Risk management
The Trustees have a risk management strategy which comprises..
An annual review of the risks the charitable company may face,
The eslablishmenl of systems and procedures to mitigate those risks identified in the plan.,
Implemenlalion of piocedures designed lo minimise any potential impact on the charitable company
should those risks malerialise.
This work has identified that financial Skjstainability is the major financial risk for the charitable company.
Particular allenlion has focused on financial risk with regard lo the FRS102 pension liabilily, assessing Unity
Leisure's exposure lo ils f8¢iSities repair and m8inlenan¢e costs, the monthly monitoring of trading performance
together with an assessment of the key performance indicators and the implemenlalion of a prudent reserves
policy.
Non-financial risk is also regularty assessed with ￿gard lo company operations and ensuring continued usage
Of facilities through capital Investment strategy and operalional aclivty reviews. In particular, work has been
undertaken lo identify and miligale health and safety issues within operational areas. This approach to risk
management has resulted in better emergency procedures and contingency plans 8nd has given the impelus
for better planning and service delN8ry.
Plans for future periods
In September 2018 the Trust launched ils strategy for the next five years where the Trust would be 'lnspiring
Active Lifestyles. The strategy is clear In that we are moving from just helping people keep fil bul we are playing
a key role in improving the health and wellbeing of the communilies we serve. Inaclwily Is Ihe biggest killei in
this country and by giving the people of Northampton vafied and high quality opportunities to gel active we are
not only improving their lives bul will, in ILJrn, be reducing the burden on Dlher public services. To achieve our
ambition, a key outcome is lo improve and expand the range of facilities and activrties on offer. Full details of
our Slrategy Is available al http.llww.trilogyleisure.co.uk/aboul.
Page 6

UNITY LEISURE
(A Company Llmited by Guarantee)
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2021
Funds held as ¢ustodian
There are no funds held as Custodian.
Engagement wlth gmployees and employment of the dlsabled
Employees have been consulted on issues of con￿rn to them by means of regular consultalwe committee and
staff meetings and have been kept informed on specific matters direely by management. The Company carries
out exil interviews for all staff leaving the organisation and has adopted a procedure of upward feedback for
senior management and the Trustees.
The Company has implemented a number of detailed policies in relation to all aspects of pgrsonnel mallers
including..
Equal opportunities PDIICY.
Volunteers, policy.
Health & safety policy.
In a￿)rdance wlh the Companls equal opportunities policy, the Company has long-established fair
gmployrnent practices in the recruitment. selection, retention and tralning of disabled stsff.
Full detsils of these policies are available from thè Compan¥s offices.
Statement of Tru$tee$' rèsponslbllltles
The Trustees (who are also the directors of the Company for the purposes of company lawl are responsible for
preparing tha Trustee5' Report and the financial slalements in accordancg with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel.
Company18w requires the Trustees to prepare financial statements for each financial year. Under company law,
the Trustees musl r￿t approve the financial slalements unless they are satisfied that they give a true and fair
view of the state of affairs of the co￿panY and of its incoming resources and application of resources, including
ils income and expenditure, for that period. In preparing these financial sialèments, the Trustees are required
to..
select sultable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prudent-
stale whether applicable UK Accounting Standards {FRS 102} have been followed, subject to any
material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the
Company will continue in businoss.
The Trustees are responsible lor keeping adequate accounting records that are sufficient to show and explain
the Companvs transa¢lK)ns and disclose wth reasonable accuracy al any ti￿e the financial position of the
Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and hence for taking reasonaNe steps for the
prevention and detection of fraud and other irregularities.
Page 7

UNITY LEISURE
(A Company Limited by Guarantee)
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARGH 2021
Disclosure of infomiation to auditor
Each of the persons who are Trustees al the time when this Trustees, RepLYt is approved has confirmed that..
so far as that Trustee is aware. ihere is no relevant audit infomiation of which the chaTiWs auditor is
unaware, and
that Trustee has taken all the steps that ought lo have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the charitys auditor is aware of that information.
Auditor
The auditor, MHA Maclntyre Hudson, has indic8led his willingness to continue in office. The designated
Trustees will propose a motion reappointing the auditor at a meeting ol the Trustses.
Approved by order of the members of the board of Trustees and signed on their behalf by..
C J Holmtrs
Trustee
Date.. Ll_ oq-21
Page 8

UNITY LEISURE
IA Company Llmlted by Guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF UNITY LEISURE
Opinion
We have atjdited the financial statements of Unity Leisure {Ihe 'eharilable companll for the year ended 31
March 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Slalement of Cash
Flows and the related notes, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting
standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland, Iunited Kingdom Generalty Aceepted Accounb'ng Practicel-
In our opinion the financial statements..
give a true and fair view of the state of the charitable companls affairs as at 31 March 2021 and of its
incoming resources and application of re59ur¢es, including 115 income and expenditure tor the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Atrounling
Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Ba51s for oplnlon
We conducted our audit in accordance with International Standards on Auditing {UKI {ISAs (UKII and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsibilities for the audit
of the financial slalements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are lelevant to our audtt ol the financial statements in the United Kingdom,
including the Financial Reporting Council's Ethical Standard. and we have fulfilled our other ethical
responsibilities in accordance wlh these requirements. We believe that the audit eV￿ence we have oblaified is
sUffI￿ent and appropriate lo provide a basis for our opinion.
Conclusions relatlng lo 90Sng concern
In auditing the financial stalemenls. we have concluded that the Trustees, use of the goin9 coneem basis of
accounting in the preparation of the financial statemer¢ls is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events or
conditions that, individually or collectively, may cast significant doubl on the charitable companls ability lo
continue as a going concern for a period of al least twelve monlhs from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the Trustee$ with respect to going concem are described in the
relevant sections of this report.
Page 9

UNITY LEISURE
IA Company Llrnited by Guaranteè)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF UNITY LEISURE (CONTINUED)
Other informatlon
The other information Comprises the infomation included in the Annual Report other than the financial
slalements and our Audilorfs Report thereon. The Trustees are responsible for the other infomation contained
within the Annual Report. Our opinitsn on the financial statements does not etsver the other informab'on and,
except lo the extent otherwise explic1￿Y slated in our report, we do not express any form of assurance
conclusion thereon. Our responsibility is to fe2d the other infomialion and, in doing so, consider whether the
other information 15 malerialty inconsislenl with the financial statements or our knowledge obtained in the course
of the audit. or tslherwise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstalemenls, we are required lo determine whether this gives rise to a material
misslatemenl in the financial statements themselves. If, based on the work we have performed, we ctsnelude
that there is a material misstatement of this other infomiation, we are required to report that fact.
We have nothing lo report in this regard.
Oplnlon on other matters prescribed by the Companies A¢t 2006
In our opinion, based on the work undertaken in the course of the audrt..
the information given in the Trustees, Report for the financial year for which the financial statements are
preparecj is consistent wlh the financial stalemenls.
the Trustees. Report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are requlred to report by exceptlon
In the light of our knowledge and understanding of the charitable company and ils environment obtained in the
course of the audit. we have not identified material misstalemenls in the Trustees, ReporL
We have nothing lo report in respect of the followng matters in relation lo which Companies Act 2006 requires
us to report to you rf, in our opinion..
adequate ?ccounling records have not been kept, or returns adequate for our audit have not been
re￿IVed from branches not visited by us., or
the financial statements are not in agreement with the accounting records and retums., or
certain disclosures of Trustees, remuneration specified by law are not made.. or
we have not received all the information and explanations we require for our audit.. or
the Trustees were not entsded to prepare the financial ststemenls in accordance with the small
companies regime and take advantage of the small companies, exemptions in preparing the Trustee5'
Report.
Responsibilities of trustees
As explained more fully in the Trustee5' ResponsibilTties Ststement, the Trustees (who are also the directors of
the charitable cornpany for the purposes of eompany lawl are responsible for the preparation of the financial
statements and for being satisfied that they give a true and fair view, and for such inlemal control as the
Trustees detemine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial stalemenls, the Trustees are responsible for assessing the charitable Company's
ability lo continue as a going concern, disclosing, as applicable, matters related lo going concern and using the
going concern basis of accounting unless the Trustees either intend to 5iquidale the charitable company or to
¢ease operatsons. or have no realistic alternative but lo do so.
Page 10

UNITY LEISURE
(A Company Llmlted by Guarantee}
INDEPENDENT AUDITOR'S REPORTTO THE MEMBERS OF UNITY LEISURE (CONTINUED)
Audltor's re8ponslbllities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and lo issue an Auditorfs Report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
a¢coidance with ISAS IUKI wll always detect a material misstatement when il exists. Misstatements can arise
from fraud or error and are considered material rf, individually or in the aggregate, they could reasonabty be
expected to influents the economic decisions of users tsken on the basis of these finaneial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line wrth our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, in¢luding fraud. The extent lo which our procedures are capable of detecting irregularities,
including fraLtd is detailed below..
Obtaining and understanding of the legal and regulatory frameworks that the Charity operate5 in. focusing
on those laws and regulations that have a direct effect on the financial statements.,
Enquiring of management and Trustees around known or suspected Instances of non-compliance ol laws
and regulation5 and fraud..
Discussing among the engagement team regarding how and where fraud might occur in the financial
statements and any potential indicators of fraud..
Reviewing minutes of meetings of those charged with governance.,
Reviewing fi'nancial statement disclosures and testing to supporting documentstion lo assess compliance
with applicable laws and regulations.
Perfomiing audit work in relation to the lisk of mana9ent override, including lesling of joumal entries and
other adjustments for appropriatness and reviewing accounting estimates for bias.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at..
.frc.or
.ukJaudilorsres
onsibilities. This description foms part of OLJr
Auditor's Report.
Use of our ￿POrt
This ieport is made solely lo the charitable company's members, as a body, in accordance Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the
charitable company'5 members those matters we are required to stale lo them in an Audilovs Report and for no
other purpose. To the fullest exlenl permilled by law. we do not accept or assume responsibility to anyone other
than the charitable company and its members. as a body, for our audit work, for this report, or tor the opinions
we have formed.
Rebecca Hughes Bsc (Honsl FCCA (Senior Ststutory Auditor}
for and on behalf of
MHA Maclntyre Hudson
ststulory Auditors
Peterbridge House
The Lakes
Northampton
NN4 7HB
Date.. 25 NovÈmbÈr 2021
Page 11

UNITY LEISURE
(A Company Limited by GuaTanteel
STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2021
Re5trictod Unrestricted
funds
funds
2021
2021
Total
funds
2021
Total
funds
2020
Note
Income from:
Charitable activities
Other trading activities
Investments
Other income
1,699,877
1,699,877
6,684,523
21
11,000
2,173,694
11.000
2,229.163
55,469
123.895
Total Income
55,469
3,884,571
3,940,040
6,808,439
Expenditure on:
Charslable activities
55,469
4,649,104
4,704,573
6,938,592
Total expendlture
55,469
4,649,104
4.704,573
6,938,592
Net movement in funds before otheT
recognised gainsl{losses)
Other recognlsed galnsl(losses):
Actuarial {lossesllgains on defined
benefft pension Schemes
{764,533)
1764,5331
1130.1531
23
{518,0001
1518.000}
1,031,000
Net movement in fund$
Reconclliation of funds:
Total funds brought forward
Nel movement in funds
{1.282.5331 {1,282,533)
900,847
1.931,706
1,931,706
(1.282,533) 11,282,533)
1,030,859
900.847
Total funds carrled for•vard
18
649,173
649,173
1.931,706
The Statement ol Financial Activib'es includes 811 gains and losses recognised in the year.
The notes on pages 16 10 37 fomi part of these finanoial statements.
Page 12

UNITY LEISURE
IA Company Limlted by Guarantee)
REGISTERED NUMBER: 07555631
BALANCE SHEET
AS AT 31 MARCH 2021
2021
2020
Note
Fixed asset$
Intangible assets
Tangible assets
16,006
1,111,668
15.079
1,531,934
12
1.127.674
1,547.013
Current assets
Stocks
Deblor5
Cash at bank and in hand
13
14
25.856
383.849
616,600
39.024
276,293
478,132
1,026,305
793,449
Creditors." amounts falling due within one
year
15
1792,3031
{611,3311
Net current assets
234,002
182,118
Total assets less current liabilities
1,361,676
1,729,131
Creditors.. amounts falling due after more
than one year
Net assets excludlng pension Ilabillty I
asset
16
(544,5031
(346.4251
817.173
1,382.706
Defined benefit pension scheme liability I
asset
23
(168.000>
$49,000
Total net assets
649.173
1,931,706
Charity funds
R2slricled funds
Unrestricted funds
17
Unreslricled funds excluding pension asset I
liability
Pension reserve
17
17
817,173
1168.0001
1.382,706
549,000
Total unreslricled funds
17
649.173
1,931,706
Total funds
649.173
1.931,706
Page 13

UNITY LEISURE
IA Company Limited by Guarantee)
REGISTERED NUMBER: 07555631
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2021
The Trustees acknowledge their responsibilities for complwng wlh the requirements of the Act with respect lo
accounling records and preparation of financial slalemenls.
The financial slalements have beon prepared in accordance with the provisions applicable lo enlilies subject to
the small companies regime.
The financial slat8m&nts were approved and aulhorised for issue by the Trustees and signed on their behalf by.
C J Holmes
Trustee
Dale..
The notes on pages 16 10 37 form part of these financial stslemenls.
Page 14

UNITY LEISURE
IA Company Limited by Guaranleel
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2021
2021
2020
Cash flows Irom operating activities
Net cash used in operating activities
{33.6851
565,344
Cash flows from Investlng actlvltles
Purchase of intangible assets
Purchase of tangib￿ f￿ed assets
{4,3701
{3,595)
1207,1641
Net cash used in investing activities
{7,965) 1207,1641
Cash flows from flnanclng actlvltles
Cash inflows from new borrowin9
Repayments of borrowing
Repayments of finance teases
350,000
160,0001
195,7101
1169.9821
Net cash piovlded byllused In) financing activities
180,018
115S.7101
Change In cash and cash equlvalents in the year
Cash and cash equivalents al the beginning of the year
138,468
202,470
275,662
478.132
Cash and cash equivalents at the ènd of the year
616,600
478.132
Page 15

UNITY LEISURE
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
General infomiation
Unity Leisure is a private limited company limited by guarantee and registered in England and Wales.
Registered company number 07555631 and charity number 1145613.
The registered office and principal Iradiny address is Unity House, 78 Robert Street, Northampton,
Northamplonshire. NNI 3BJ.
Accounting policies
2.1 8asis of prèparation of financial statements
The financial statements have been prepared in accordance with the Charitie5 SORP (FRS 1 D21
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 2019}, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 20CE.
Unrty Leisure meets the definition of a public benefit entity under FRS 102. Assets and liabilities are
initially recognised al historical cost or transaction value unless otherwise stated in the relevant
accounting policy.
2.2 Going concern
The financial statements have been prepared on a going concern basis. The Trustees have
considered relevant information, including the annual budget, forecast future cash flows and the
impact of subsequent events in making their assessment. The COVIO-19 pandemic and the ensuing
economic shutdown has h8LI a significant impact on Ihe charitable company's oper*ions. In
response lo the COVID-19 pandemic, the Trustees have perfomied a robust analysis of lorecasl
future cash flows taking into account the potential impact on the business of possible future
scenarios arising from the impact of COVID-19. This analysis also considers the effectiveness of
available measures lo assist in mitigating the impact.
The Trustees have not identified any further material uncertainties that may cast significant doubt
about the ability of the charitable company lo continue as a going concern. The ch8rilable company's
business activities, together wilh the factors likely lo affect ils fulure development, performance and
position, it5 cash flows and liquidity posrtion have been assessed. The charitable company has
sufficient financial resources together with long tèrm contracts for all of ils six trading centres. The
Trustees understand Ihat the transactions that are required to be placed in our financial stat&menls
in relation to our pension fund are prepared in accordance with assumptions sel by FRS 102 and
produce a Material￿ different sel of figures than those produ¢ed by the pensions fund actuary for the
purpose of calculating our actual share of assets and liabilities as well as those used to assess
contribution levels. The Trustees 8Sso understand that. In acwrdance with the laws 8nd regulations
surrounding the operation of the pension fund, the recovery of any difference between the assets
and Iiabililies on the fund will be agreed and sel al each triennial valuation. and are based on a 20
year recovery period. As a consequence, the Trustees beI￿ve that the charitable company is well
placed to manage its business risk successfully.
Based on these assessments and having regard lo the resource5 available lo the charilable
Company, the Trustees have concluded that there is no material uncertainty and that they can
continue to adopt the going concern basis in preparing the annual report and accounts.
Page16

UNITY LEISURE
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
Accounting polici8s Icontinuadl
2.3 Income
All income is recr)gnised On￿ the Company has enlillemenl to the income, (( is probable that the
income will be received and the amount of income receivable can be measured reliabty.
Membership lees
Membership fees are amounts payable to Unty Leisure on 8 monthly basis for usage of the leisu
facilities. Details of the various membership categories and the benefits they offer can be found on
our website al wwN.IrilDgyleisure.co.uk.
Centre fe
Centre fees are amounts payable lo Unity Leisure on a visil-by-msit basis for usage of the leisure
facilities. Details of opening limes. activity tables and charges are all available on our website.
Management fees
Management fees are the fees paid by Wesl North8mptonshire Borough Council for the operation of
the facilities and the provision of a Sport and Play Development servi￿.
Grants receivable
Grants are accounted for when condrtions lo enlillement have been met.
Income lax recoverable in relation lo investment income is recognised al the time the investment
income is feceivable.
Other income is recognised in the period in which il 15 receivable and to the extent the goods have
been provided or on completion of the servi￿.
2.4 Expendlture
Expenditure is recognised once there is 2 legal or conslruclive obligation lo transfer economic
benefit lo a third paty, il is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classrfied by
activty. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs altributable lo a single
activty are allocated direclly to that activity. Shared costs which contribute lo more than one 8clivty
and support C0515 which are not attributable lo a single activity are apportioned bets￿een those
activities on a basis consislenl with the use of resources. Central staff costs are allo¢aled on the
basis of lime spent, and depreciation charges allocated on the portion of the asset's use.
Expenditure on charitable aclivrties is incurred on Llirectly undertaking the 8¢1ivilies which further the
Company's objectives, as well as any associated support costs.
All expenditure is inclusive of Irre￿verab1e VAT.
2.5 Government grants
Job retention scheme grants are credited lo the Statement of Financial Activities as the related
expenditure is incurred.
Page 17

UNITY LEISURE
(A Company Limited by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
Accounting policies Icontinuedl
2.6 Intangible assets and amortlsation
Intangible assets costing £1,000 or more are capilalised and recognised when future economie
benefits 8re probable and the cost or value of the asset can be measured reliabty.
Intangible assets are Initial￿ recognised at cost. After recognition, undeT the cost m(xJel, intangible
assels are MeasU￿d at cost less any accumulated amortisalion and any accumulated impairmant
losses.
Amortisalion is provided on intangible a55ets at rates calculated lo write off the cost of each asset on
a slraighl-line basis over ils expected useful lrfe.
The eslimaed useful INes are as follows..
Amortisalion is provided on the following basis..
Computer sof￿re
5 years
2.7 Tangible fixed assets and depreciation
Tangible fixed assets eosling £1.000 OT more are capitalised and recognised when fulure economic
benefits are probable and the cost or value of the asset Gan be measured reliably.
Tangible fixed assets are inilialty recognised al cost. After recognition. under the cost model.
tangible fixed assets are measured al cost less accumulated depiecialion and any accumulated
impairment losses. All costs incurred to bring a t8ngible fixed asset into its inlended working
condition should be included in the measuTemenl of cost.
Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value
over their eslimaled useful lives, using the straighl-line method,
Depreciation is provided on the following b8SeS'.
Leasehold propety
improvements
Plant and machinery
Motor vehicles
Office equipment, fixtures and
fillings
Computer equipment
Sports equipment
5- 25 years
5-10years
S years
5- 10years
5-8years
5-7years
2.8 Stocks
Stocks are valued at the lower of cost and nel realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direcl costs and an appropriate proportion of
fixed and variable overheads.
Page18

UNITY LEISURE
{A Company Limited by Guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
Accountlng pollcies Icontlnuedl
2.9 Debtors
Trade and other debtors are recognised at the selllemenl amoLTrnt 8fter any trade discount offered.
Prepayments are valued at the amount prepaid nel of any trade discounts due.
2.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the dale of acquisition or opening of the deposit or similar
account.
2.11 L5abilitles
Liabilities and provisions are recognised when Iheie is an obligation al the Balance Sheet dale as
result of a past event, it is piobable that 2 transfer of economic benefit will be required in selllemenl,
and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anli¢ipale5 11 will pay lo sattle the debt or
the amount il h8s received as advanced payments for the goods or seN*ces Il must provide.
P¥0}ris￿nS are measured al the best estimate of the amounts required lo setlk the obligation. Where
the effect of the time value of money is maleri81, the provision is based on the present value of those
amounts, discounted * the pre-tax discount rale that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Slalemenl of Financi81 Activities as a finance cost.
2.12 Flnanclal Instruments
The Company onty has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are inf(ially recognised al transaction value and
subsequenlty measured al their selllement value wf(h the exeeplion ol bank loans which are
subsequently measured al amortised cost using the effeclive interest fflelhod.
2.13 Finance leases and hire purchase
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed
assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their
useful lives. Assets acquired by hire purchase are depreciated over their useful Itves. Finance leases
are those where subslanlialiy all of the benefits and risks of rywnership are assumed by the
Company. obl￿allOnS Ljnder such agreements are included in creditors, nel of the finance charge
allocated lo future periods. The finance element of the rental payment is charged to the Statement of
Financial Activities so as lo produce a constant periodic rale of charge on the net obligation
outstanding in each period.
2.14 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents
the amounls payable by the Company lo the fund in respect of the year.
The Company operates 8 defined benefits pension scheme and the pension charge 1$ based on a
full actuarial valuation dated 31 March 2021.
Page 19

UNITY LEISURE
A Company Llmlted by Guarantgel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
Accounting policies (continued)
2.15 Fund accounling
General funds are unreslricled funds which are available for use al the discretion of the Trustees in
furtherance of the gener81 objectives ol the Company and which have not been designated for other
purposes.
Reslricled funds are funds which are lo be used in accordance with specific reslriclions imposed by
donors OT which have been raised by the Company for particular purposes. The cos15 of raising and
administering such funds aTe charged against the specific fund. The aim and use of each reslricled
fund is sel out in the notes to the financial slalements.
Critical accountSng estimates and areas of judgment
Estimates and judgments are continually evaluatecl and are based on historical experience and other
factors, including expectations of lulure events that are believed to be reasonable under the
circumsiances.
Critical accounting eslimales and assumptions..
The Company makes estimates and assumptions ¢oncerning the futu￿. The resulling aceounling
e81imates and assumptions will, by definition, seldom equal the related actual results. The estimates and
assumptions that have a significant risk of causing a material adjustment lo the carrying amounts of
assets and liabilities within the next financial year are discussed below.
The present value of the defined benefil pension scheme depends on a number of faciors that are
determined on an actuarial basis using a variety of assumption5. The assumptions used in delemiining
the net cost or income for pensions include the discount rate. Any changes in these assumptions, which
are disclosed in note 23, wll impact the carrying amount of the pension asset or liability.
Income from charltable activitles
Unrestricted
funds
2021
Total
funds
2021
Membership fees
Centre fees
Sales
Miscellaneous income
1,286,275
223,805
22.331
167.466
1,2B6,275
223,805
22,331
167,466
Tolal 2021
1,699,877
1,699.877
Page 20

UNITY LEISURE
IA Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
Income from charitable activities {continuedl
Unrestricted
funds
2020
Total
funds
2020
Membership fees
Centre fees
Sales
Commission
4,459.899
1,573,569
594,513
4,477
52,065
4,459,899
1.573,569
594.513
4,477
52,065
Mis¢Èllaneous income
Total 2020
6.664,523
6,684,523
Income from other trading activities
Incomo from fundralslng events
Total
funds
2021
Fundraising
Unreslricled
funds
2020
Total
fund5
2020
Fundraising
21
21
Page 21

UNITY LEISURE
IA Company Limlted by Guaranteè)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
Other incomlng resources
Restricted Unrestrict¢d
funds
funds
2021
2021
Total
funds
2021
Kings Heath active England project
Street football project
Cinema
Pl8y and sport development
Inspired coaching
Grant income
Peterborough gym
Job retention scheme
1,500
1,500
55,469
24,952
6,281
230
447.652
3,000
1,690,079
55,469
24,952
6,281
230
447,652
3,000
1,690,079
Total 2021
55.469
2,173,694
2,229,163
Reslricled Unrestricted
funds
funds
2020
2020
Total
funds
2020
Kings Heath active England project
Street football project
Cinema
Play and 5POrt development
Inspired CO8Ghing
5.311
5,311
88,014
1,054
11,321
18,195
88.014
1,054
11,321
18,19S
Total 2020
88,014
35.881
123,895
Page 22

UNITY LEISURE
A Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
Analysis of expenditure on charitable activities
Sumrnary by fund type
Restricted Unrestrlcted
funds
funds
2021
2021
Total
funds
2021
Operational sl8ff costs
Purchases
Staff costs - HQ staff costs
Bank charges
Insuranee
Irrecoverable VAT
55,489
2,672,555
855,440
566,722
12,891
49.250
102.425
380,715
9,106
2.728.024
865.440
566.722
12,891
49,2SO
102,425
380,715
9.106
Other costs
Governance costs
Total 2021
55,469
4,649,104
4,704.573
Reslricled Unrestricted
funds
funds
2020
2020
Total
funds
2020
Operational staff eosls
Purchases
82,479
5,535
3,220,602
1,835,458
849,020
17,816
70,868
191,510
655.297
10,007
3,3D3,081
1,840,993
849.020
17.816
70,868
191,510
655.297
10,007
Staff costs - HQ staff costs
Bank charges
Insurance
Irrecoverable VAT
Other costs
Governance costs
Total 2020
88,014
6,850,578
6,938,592
Page 23

UNITY LEISURE
IA Company Limlted by Guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
Auditor's remuneration
2021
2020
Fees payable lo the Company's auditor for the audit of the Company's
annusl accounts
Fee5 payable lo the Cornpanls audiloT in respect of..
All non-audit services not included above
9.000
8,500
1,700
1,600
Staff costs
2021
2020
Wages and salaries
Social security costs
Contribution lo defined Contribution pension schemes
2,897.889
165,018
231,839
3,548.788
209,553
383,760
3,294,746
4,142,101
The average number of persons employed by the Company during the year was as follows..
2021
No.
2020
Management and adminislralion
Operational
19
29
2SO
294
269
323
Page 24

UNITY LEISURE
A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
Staff costs Icontinuedl
The numbei of employees whose employee benefrts (excluding employer pension costs) exceeded
£60,000 was..
2021
No.
2020
No.
In the band £60,001- £70,000
In the band £70,001 - £80,000
In the band £80,001 - £90,000
In the band £90,001- £100.000
In the band £100,001- £110.OIX)
The key management personnel comprise the Managing Director, the Finance Director, the Director of
Performance, Planning Development and Operations and the Director of Health and Wellbeing
Development Operations. The total employee benefEts of key management personnel of the Charity were
£236,70512020- £378.9781.
10. Trustees. remLTrn8ration and oxpen$8s
During the year ended 31 March 2021, no Trustees receNed any remuneration or other benefils12020 -
£Nill.
During the year ended 31 March 2021, no Trustee expense5 have been incurred12020- £Nill.
Page 25

UNITY LEISURE
IA Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
11. Intangible assets
Cornputer
software
Cost
At 1 April 2020
Additions
63,101
4,370
Al 31 March 2021
67,471
Amorti$ation
Al 1 April 2020
Charge for the year
48,022
Al 31 March 2021
51,465
Net book valu8
Al 31 March 2021
16,006
Al 31 March 2020
15,079
Page 26

UNITY LEISURE
IA Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
12. Tangible fixed assets
Leasehold
propety Other fixed
Improvements
assets
Total
Cost
Al 1 April 2020
Additions
1,394,166
2.125,367
3,595
3.519,533
3.S95
At 31 March 2021
1,394.166
2,128.962
3,523,128
Depreclation
At 1 April 2020
Charge for the year
551.775
153,011
1.435,824
270.850
1,987,599
423,861
At 31 March 2021
704,786
1,706,674
2,411,460
Net book value
At 31 March 2021
689.380
422,288
1,111,668
Al 31 March 2020
842,391
689,543
1,531,934
13. Stocks
2021
2020
Finished goods and goods for resale
25,856
39,024
Page 27

UNITY LEISURE
IA Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
14. Debtors
202
2020
Due within one year
Trade debtors
Other debtors
Prepayments and accrued ineome
185,661
6,435
191,753
47,546
228.747
383,849
276,293
IS. Credltors: Amounts falling due within one year
2021
2020
Bank loan
Other loan
Trade creditors
Olher laxalion and social security
Obligations under finance lease and hire purchase contracts
Other creditors
Accruals and deferred income
S2,500
30,000
30,000
19,604
75,652
151,393
24,941
309,741
50,120
80,833
4,689
572,715
792,303
611,331
16. Creditors: Amounts falling due after more than one y$ar
2021
2020
Bank loans
Obligations under finance lease and hire purchase contracts
297,500
247,003
346,425
544,503
346,425
Page 28

UNITY LEISURE
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
17. Statem¢nt of funds
statement of funds . current year
Balance at
31 March
2021
Balance at 1
April 2020
Gainsl
(Losses)
Income Expenditure
Unrestricted funds
General FLEnds all funds
Pension reserve
1,382,706
$49,000
3,873,571
11,000
14,439,104)
210,0001
817,173
1518,0001 1168.0001
1,931,706
3,884,571 14.649,104> 1518,0001
649,173
Restricted fund5
Restricted Funds - all funds
55.469
155,469>
Total of funds
1,931,706
3,940,040 14,704,573)
IS18,0001
649,173
Page 29

UNITY LEISURE
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
17. Statement of funds (continued)
Statement of funds - prior year
Balance al
31 March
2020
Balance al
1 April 2019
Gainsl
(Lossesl
Income Expenditure
Unrestricted fund5
General Funds- all funds
Pension reseNe
1,325.859
{295,0001
6,720,425 16,663,578)
1187,0001
1.382,706
549.000
1,031,000
1,030,859
6,720,425 18,850,578)
1,031,000
1,931,706
Restrictèd funds
Restricted Funds all funds
88,014
188,0141
Total of funds
1,030,859
6,808,439 18,938,592)
1,031,000
1,931,706
18. Summary offunds
Summary offunds- ¢urrentyear
Balance at
31 March
2021
Balance at 1
April 2020
Gainsl
(Losses)
Income Expenditure
General funds
Restricted funds
1.931.706
3.884.571
55,469
14.649,1041 1518.0001
155,4691
649,173
1,931,706
3,940,040 14,704,573)
1518,0001
649,173
Page 30

UNITY LEISURE
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
18. Summary of funds Icontinuedl
Summary offunds- prioryear
Balance al
31 March
2020
Balance al
1 April 2019
Gainsl
(Losses)
Income Expenditure
General funds
Reslricled lunds
1.030,859
6,720.425 16,850,578) 1,031,000
88,014
188,014)
1,931,706
1,030.859
6,808,439
16,938,592)
1,031,000
1,931,706
19. Analysls of net assets between funds
Analysls of net assets between funds - current year
Unrestricted
funds
2021
Total
funds
2021
Tangible fixed assets
Intangible fixed assets
Current assets
Creditors due wlhin one year
Ciedilors due in more than one year
Provisions for liabilities and charges
1,111,668
1,111,668
16,OC
16.008
1,026,305
1,026.305
1792,3031 {792.3031
1544.5031
1544,5031
1168,0001 1168,000
Total
649,173
649,173
Page 31

UNITY LEISURE
IA Company Limlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
19. Analysis of net assets between funds {contlnuedl
AnalysÈs of net assets between funds - prior year
Unrestricted
funds
2020
Total
funds
2020
Tangible fixed assets
Intangible fixed assets
Current assets
Ciedilors due within one year
Creditors due in more than one year
Provisions for liabilities and charges
1,S31,934
1,531,934
15,079
15,079
793,449
793,449
1611,3311 {611,3311
1346,4251
lJ46,4251
549,000
549,000
Total
1,931,706
1,931,706
20. Rèconciliation of net movement in funds to net cash flow from operating activltlos
2021
2020
Nel expenditure for the year las per Slalement of Financial Aclimliesl
1764,533}
1130.153)
Adjustments for..
Depreciation charges
Amortisation charges
Decrease in stocks
Decreasellincreasel in debtors
Increase in CTedilors
Defined benefit pension scheme movements
423.861
3.443
13,168
{107,556}
199,032
199.000
438.533
3.923
1,768
44,765
19,508
187,OLIO
Net cash provided byllused inl operating activities
133,5851
565,344
Page 32

UNITY LEISURE
IA Company Limited by Guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 klARCH 2021
21. Analysls of cash and cash equivalents
2021
2020
Cash in hand
616.600
478,132
Total cash and cash equlvalents
616.600
478,132
22. Analysls of changes in net debt
At 31 March
2021
2020 Cash flows
Cash al bank and in hand
Debt due within 1 year
Debt due after 1 year
Finan￿ leases
478,132
130,0001
138,468
52,5001
1297,5001
169.982
616,600
82,5001
1297,5001
1327.836}
1497,818
149.686)
141,5501
191,2361
23.
Pension commitments
The Company operates a defined benefit pension scheme.
The charitable company operates a funded defined benefit scheme for the benef t of ￿rtain employees in
conjunction with a local government defined benefrt pension scheme. Entry lo the scheme was granted
through an Admission Ag￿ement signed by the Pension Adrninislralor, the Transferor (West
North8mplonshire Borough Council) and the Tiusl. Undef the lemis of this agreements the accrued
benefits al the lime of ITansfer11 April 20111 would be treated as fully funded and the contribution rale
calculated on this basis. These Iigures were calculated using the assumptions in place al the lime of 31
March 2010 revaluation.
The figures in these accounts have been calculated in accordance wilh the provision of Financial
Reporting Standard 102. This method of calculation uses a different sel of assumptions than the aCtua￿al
rnethod described above. As such any surplus or deficit from an accounting perspective would not
necessarily reflect the actual funding position using the valuation method, For this year's accounts the
Trust opted lo use a sel of bespoke assumptions which have been agreed wth the Fund's Actuary.,
Hyman Robertson LLP. These assumptions reflect beller the Trust's circumstances wh￿h are subtly
different from the main employers in the fund. These assumptions are consislenl with the requirements ol
FRS 102.
Page 33

UNITY LEISURE
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
Pension commitments Icontinuedl
The assets of the scheme are administered by Iruslees in B fund independent from those of the
charitable company. Conlribul¢ons are made both by the employer and employee and are based on a
pefcenlage of pensionable pay. In addition the Trust makes a fixed sum paymenl lo pay back any funding
deficit. This is based on a 20 year repayment limelrame. In the year ended 31 March 2021 Unity Leisure
paid an ernployers, contribution of £NIl12020'. £180,000) representing Ook 12020.. 276.920AI of employee
contributions into the Local Government Pension Scheme, which prowdes membets wTlh defined benefrts
related to pay and service.
Pension costs are assessed in accordance with the advice of a qualified actuary using the proeded
melhDd. The most recent actuarial valuation of the scheme wa5 al 31 March 2021.
Prinapal actuarial assumptions al the Balance Sheet dale (expressed as weighted averages)".
At 31 March Al 31 Ma￿h
2021
2020
Discount rale
Expected return on scheme assets
Futijre salary increases
Future pension increases
2.15
2.15
2.55
At 31 Ma￿h Al 31 March
2021
2020
Years
Ye&rs
Mortality rates lin years)
-for a male aged 65 now
- al 65 foi a male aged 45 now
- for a female aged 65 now
- al 65 for a female aged 45 now
21.5
22.3
21.5
22.3
23.7
25.1
23.7
25.1
The Company's share of the assets in the scheme was..
At 31 March Al 31 March
2021
2020
Equities
Corporate bonds
Property
Cash and olhef liquid assets
8,481,200
2.059.720
1,453.920
121,160
6,415,860
1,749,780
1,380,940
194,420
Total fair value of assets
12,116.000
9,721,000
Page 34

UNITY LEISURE
IA Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
23.
Pension commitments Icontinuedl
The actual return on scheme 8ssels was £2,534,00012020- £-663,0001.
The amounts recognised in the Stslemenl of Finaneial Activrties ale as follows..
2021
2020
Current semce cost
Interest income
Interest cost
(210,000} (357,0001
241,000
275,000
{230,000} 1285,0001
Total amount recognlsed In the Ststement of Financial Actlvities
1199.0001
1367,0001
Movements in the present value of the defined benefit obligation We￿ as follows..
2021
Opening defined benef￿ obligation
Interest cost
Conlribulion5 by scheme participants
Actuarial lossesllgainsl
Benefits paid
Current service wst
9,172,000
230,000
53.000
2,811,000
1192,0001
210.000
Closing deflned beneflt obligation
12,284,000
Movements in the fair value of the Company's share of scheme assets were as follows..
2021
Opening fair value of scheme a$sels
Expected return on assets
Actuarial gainslllossesl
Conlfibutions by employer
Contributions by scheme participants
Benefits paid
9,721,000
241,000
2.293.000
53,000
1192.000}
Closing fair value of scheme assets
12.116,000
The Company expects to contribute £20,000 to rts defined benefit pension scheme in the year ended 31
March 2022.
Page 35

UNITY LEISURE
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
24. Operating lease commitments
At 31 March 2021 the Company had commitments to make future minimum l&ase payments under non-
C8ncellab5e operating leases as follows..
2021
2020
Not later than 1 yea¥
Later than 1 year and not later than 5 years
Later than 5 years
92,000
335.SOO
47.250
92.000
368,000
106.750
474,750
566,750
West North8mplonshire Borough Council provided the land and leisure cenlres at Mounts Baths and
Danes Camp Cenlre for the use by the charity lo operate sports cenlres, renl free, throughout the year
and previous year. The land and buildings were provided under operating leases lo 2041 respectively.
The land and buildings of Lings Forum was provided by West Northamplonshire Borough Council, rent
free, urider 8 serwce agreement.
The land and buildings of Duston Sports Centre was prwded by Duston Parish Council, rent free, under
an operating lease lo 2027.
rhe land 8nd buildings of Cripps Recreation81 Centre was provKJed by Northampton General Hospital,
rent free, under an operating lease lo 2025.
The leases of these premises are not capilalised as the charity does not have control over any of the
premises due to v8rious reslriclions in the leases. Improvements lo the sports cenlres are capil8lised and
depreciated over the period of the lease.
Page 36

UNrrY LEISURE
IA Company Llmlted by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
25. Related party transactlons
The charitable CDmpany has a funding Égreemenl with Wesl Northamplonshire Borough Council lo
provide leisure facilities within Northampton. Wesl Northamplonshire Borough Council is a member of the
compèny.
During the year the Trust m8de purchases from Wesl Northamplonshire Borough Council of £29.953
12020.. £7.8791 in relation to various Council provided services. As al 31 March 2021 included within
creditors is an amount of £Nil 12020.. £Nill owing to the Council. Sales were made lo Wesl
Northamptonshire Borough Council of £35,875 12020". £59,222). As al 31 March 2021 included wrthin
tleblors is an amount of £1,10712020,' £1.1071 owed by the Council.
In 2015116, Unity Leisure borrowed £300,000 from West Northamplonshife Borough Council. The
amount is repayable wbthin 5 years. The Trust repaid £Nil (2020.. £60,0001 in the year leaving £30,000
{2020.' £30.0001 lo be repaid. This amount has been includad wlhin credrtors f811ing due within one year.
During the year the Trust made purchases from Northampton General Hospital, a member of the
Company, of £Nil 12020.. £42.3691 in relation lo ulilily recharges in respect of the Cripps RecrealFonal
Cenlre. A5 al 31 March 2021 included wthin creditors is an amount of £Nil 12020. £Nill owing lo
Northampton General Hospital. Sales were made to Northampton General Hospital of £Nil12020'. £7101.
As at 31 March 2021 included within debtors is an amount of £Nil 12020. £Nill owed by Northampton
General Hospital.
During the year the Trust made sales lo Age UK Northamplonshire, a member of the Company, of £Nil
12020". £3.9101. As 8131 hrtarch 2021 included within debtors is an amount of £Nil12020.' £329) owed by
Age UK Northamplonshire.
During the year the Trust m8de purchases and sales with University of Northampton, a member of the
Company, of £Nil 12020.. £1,482) and EN￿1 12020.. £8,288) respectively. As al 31 March 2021 included
within debtors is an amount of £-14412020.' £Nill owed to University of Northampton.
During the year the Trust made sales lo Northamplonshire Sport, a member of the Company. of £10,024
12020". £1.5171. As al 31 March 2021 included within debtors is an amount of £2.56712020'. £-271 owed to
Northamplonshire Sport.
As detailed in note 24 the land and premises used by the charity in the operation of sport5 centres are
provided lo the charity by the following members., West Northamplon5hire Borough Council, Duslon
Parish Council and Northampton General Hospital, under operating leases at no charge lo the charty.
During the year purchases of £Nil 12020.. £1,513) were made from a company in which D Iles is a
DirecloT. The appointment of this company was made after ensuring the charges levied represented good
value for money. An amount of £Nil12020.' £Nill was owed al the year end.
During the year purchases of £7.45012020." £7,900) were mode from a company in which A Riley is a
Director. The appointment of this company was made after ensuring the charges levied represented good
value for money. An amount of £Nil12020." £Nill was owed al the year end.
Page 37