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|||||Page|
|---|---|---|---|---|
|Reference and Administrative||Details ofthe Company,|its Trustees and Advisers|1-2|
|Trustees'
Report||||3-8|
|Independent
Auditor's|Report|on the Financial Statements||9-11|
|Statement
of Financial|Activities|||12|
|Balance Sheet||||13-14|
|Statement of Cash Flows||||15|
|Notes to the Financial|Statements|||16-35|
##
##
|Trustees|||C J Holmes|||||||
|---|---|---|---|---|---|---|---|---|---|
||||M TSawyer|||||||
||||W Pope|||||||
||||A K Ellis|||||||
||||A D Riley (resigned|||30 November||2021)||
||||RJ Aveling|(resigned|||30 November2021)|||
||||PJones|||||||
||||S Adams|||||||
||||D Crowther|||||||
||||H Barrett (appointed||||29 July 2021,|resigned|21 March 2022)|
||||SScales (appointed||||25 January 2022)|||
||||N L Hinch (appointed||||28 March 2022)|||
||||A S King (resigned 29 July 2021)|||||||
||||Z Smith (resigned 29 July 2021)|||||||
||||K Jolley (appointed|||10June 2022)||||
|Company|registered|||||||||
|number|||07555631|||||||
|Charity registered||||||||||
|number|||1145613|||||||
|Registered||office|78 Robert Street|||||||
||||Northampton|||||||
||||Northamptonshire|||||||
||||NN1 3BJ|||||||
|Company|secretary||R J Austin|||||||
|Managing|director||J Fletcher|||||||
|Independent||auditor|MHA Maclntyre||Hudson|||||
||||Peterbridge|House||||||
||||The Lakes|||||||
||||Northampton|||||||
||||NN4 7HB|||||||
##
##
|Bankers|HSBC Bank||
|---|---|---|
||St Clair House||
||5 Old Bedford Road||
||Northampton||
||NN4 7AA||
|Nlembers|C J Holmes||
||M J Sawyer||
||West Northamptonshire
Council||
||Health Watch Northamptonshire||
||University
of Northampton||
||Northamptonshire
County Cricket Club||
||Voluntary
impact Northampton||
||Northamptonshire
Sport||
||Duston
Parish Council||
||Northampton
General
Hospital||
||Age UK Northamptonshire||
||Northamptonshire
Chamber|ofCommerce|
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||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2022|2022f|2022|2021|
|Income from:|||||||
|Charitable
activities||||4,784,997|4,784,997|1,699,877|
|Investments||||||11,000|
|Other income|||2,900|814,886|817,786|2,229,163|
|Total income|||2,900|5,599,883|5,602,783|3,940,040|
|Expenditure
on:|||||||
|Charitable
activities|||2,900|5,220,282|5,223,182|4,704,573|
|Total expenditure|||2,900|5,220,282|5,223,182|4,704,573|
|Net movement
in|funds before other||||||
|recognised
gains/(losses)||||379,601|379,601|(764,533)|
|Other recognised|gains/(losses):||||||
|Actuarial
gains/(losses)
on defined|||||||
|benefit pension schemes||22||1,200,000|1,200,000|(518,000)|
|Net movement
in|funds|||1,579,601|1,579,601|(1,282,533)|
|Reconciliation
of|funds:||||||
|Total funds brought|forward|||649,173|649,173|1,931,706|
|Net movement
in funds||||1,579,601|1„579,601|(1,282,533)|
|Total funds carried forward||||2,228,774|2,228,774|649,173|
##
|||||||||2022||2021|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Note|||||
|Fixed assets|||||||||||
|Intangible
assets||||||10||10,785||16,006|
|Tangible assets||||||11||825,714||1,111,668|
|||||||||836,499||1,127,674|
|Current assets|||||||||||
|Stocks||||||12|29,928||25,856||
|Debtors||||||13|111,634||383,849||
|Cash at bank and|in hand||||||1,476,439||616,600||
||||||||1,618,001||1,026,305||
|Creditors: amounts||falling due within|||one||||||
|year||||||14|(595,603)||(792,303)||
|Net current assets||||||||1,022,398||234,002|
|Total assets less|current|||liabilities||||1,858,897||1,361,676|
|Creditors: amounts||falling due after|||more||||||
|than one year||||||15||(383,123)||(544,503)|
|Net assets excluding|||pension asset I||||||||
|liability||||||||1,475,774||817,173|
|Defined benefit pension|||scheme asset 1||||||||
|liability||||||22||753,000||(168,000)|
|Total net assets||||||||2,228,774||649,173|
|Charity funds|||||||||||
|Restricted
funds||||||16|||||
|Unrestricted
funds|||||||||||
|Unrestricted
funds|excluding|||pension|liability||||||
|/ asset||||||16|1,475,774||817,173||
|Pension reserve||||||16|753,000||(168,000)||
|Total unrestricted|funds|||||16||2,228,774||649,173|
|Total funds||||||||2,228,774||649,173|
##
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||||2022|2021|
|---|---|---|---|---|
|Cash flows from operating
activities|||||
|Net cash used
in operating
activities|||1,038,210|(33,585)|
|Cash flows from investing
activities|||||
|Proceeds from the sale of intangible
assets|||3,884||
|Proceeds from the sale oftangible
fixed|assets||11,019||
|Purchase of intangible
assets||||(4,370)|
|Purchase
oftangible
fixed assets|||(10,348)|(3,595)|
|Net cash provided
by/(used
in) investing||activities|4,555|(7,965)|
|Cash flows from financing
activities|||||
|Cash inflows from new borrowing||||350,000|
|Repayments
offinance leases|||(182,926)|(169,982)|
|Net cash (used in)/provided
by financing||activities|(182,926)|180,018|
|Change
in cash and cash equivalents|in|the year|859,839|138,468|
|Cash and cash equivalents
at the beginning||ofthe year|616,600|478,132|
|Cash and cash equivalents
at the end|of|the year|1,476,439|616,600|
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|iation
is provided
on the followi|ng bases:|
|---|---|
|Leasehold
property|-5-25 years|
|improvements
Plant and machinery
Motor vehicles
Office equipment,
fixtures and|-5-10years
-5 years
-5-10years|
|fittings
Computer
equipment
Sports equipment|-5-8 years
-5-7 years|
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|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2022f|2022|2021|
|Membership|fees|3,017,210|3,017,210|1,286,275|
|Centre fees||1,115,214|1,115,214|223,805|
|Sales||415,648|415,648|22,331|
|Commission||3,587|3,587||
|Miscellaneous|income|233,338|233,338|167,466|
|Total 2022||4,784,997|4,784,997|1,699,877|
|Total2021||1,699,877|1,699,877||
##
||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2022|2022|2022|2021|
||||F|f.|F||
|Kings Heath Active England||project||6,250|6,250|1,500|
|Street football|project||2,900||2,900|55,469|
|Cinema||||29,082|29,082|24,952|
|Play and sport development||||35,437|35,437|6,281|
|Inspired
coaching||||||230|
|Grant income||||570,816|570,816|447,652|
|Peterborough|gym|||17,244|17,244|3,000|
|Job retention|scheme|||156,057|156,057|1,690,079|
|Total 2022|||2,900|814,886|817,786|2,229,163|
|Total 2021|||55,469|2,173,694|2,229,163||
##
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|||||||||Restricted|Unrestricted|||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||funds|funds|Total|Total|
|||||||||2022|2022|2022|2021|
|||||||||F||||
||Operational|staff costs||||||2,900|2,593,853|2,596,753|2,728,024|
||Purchases||||||||1,509,321|1,509,321|855,440|
||Staff costs -|HQ staff costs|||||||597,063|597,063|566,722|
||Bank charges||||||||24,414|24,414|12,891|
||Insurance||||||||76,019|76,019|49,250|
||Irrecoverable||VAT||||||147,152|147,152|102,425|
||Other costs||||||||261,618|261,618|380,715|
||Governance||costs||||||10,842|10,842|9,106|
||Total 2022|||||||2,900|5,220,282|5,223,182|4,704,573|
||Total 2021|||||||55,469|4,649,104|4,704,573||
|7.|Auditor's
remuneration|||||||||||
|||||||||||2022|2021|
||Fees payable||to the Company's||auditor||for|the audit ofthe Company's||||
||annual
accounts|||||||||15,500|9,000|
||Fees payable||to the Company's||auditor||in respect of:|||||
||All non-audit||services not included|||above||||2,500|1,700|
|8.|Staff costs|||||||||||
|||||||||||2022|2021|
||Wages and|salaries||||||||2,698,660|2,897,889|
||Social security costs|||||||||170,881|165,018|
||Contribution||to defined|contribution||pension||schemes||317,275|231,839|
|||||||||||3,186,816|3,294,746|
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||||2022|2021|
|---|---|---|---|---|
||||No.|No.|
|Management|and|administration|18|19|
|Operational|||209|250|
||||227|269|
|2022|2021|
|---|---|
|No.|No.|
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|Intangible assets||
|---|---|
||Computer|
||software|
|Cost||
|At 1 April 2021|67,471|
|Disposals|(26,018)|
|At 31 March 2022|41,453|
|Amortisation||
|At 1 April 2021|51,465|
|Charge for the year|1,337|
|On disposals|(22,134)|
|At 31 March 2022|30,668|
|Net book value||
|At 31 March 2022|10,785|
|At 31 March 2021|16,006|
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|||Leasehold|||
|---|---|---|---|---|
|||property|||
|||improvemen|Other fixed||
|||ts|assets|Total|
||Cost||||
||At 1 April 2021|1,394,166|2,128,962|3,523,128|
||Additions|10,348||10,348|
||Disposals|(15,648)|(46,749)|(62,397)|
||At 31 March 2022|1,388,866|2,082,213|3,471,079|
||Depreciation||||
||At 1 April 2021|704,786|1,706,674|2,411,460|
||Charge for the year|139,304|145,979|285,283|
||On disposals|(7,270)|(44,108)|(51,378)|
||At 31 March 2022|836,820|1,808,545|2,645,365|
||Net book value||||
||At 31 March 2022|552,046|273,668|825,714|
||At 31 March 2021|689,380|422,288|1,111,668|
|12.|Stocks||||
||||2022|2021|
||Finished goods and goods for resale||29,928|25,856|
##
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|||2022|2021|
|---|---|---|---|
||||E|
|Due within one year||||
|Trade debtors||30,113|185,661|
|Other debtors|||6,435|
|Prepayments|and accrued income|81,521|191,753|
|||111,634|383,849|
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||F||
|Bank loan||||70,000|52,500|
|Other loan|||||30,000|
|Trade creditors||||8,276|1,446|
|Other taxation|and social security|||74,470|50,120|
|Obligations
under finance lease and hire purchase|||contracts|71,787|80,833|
|Other creditors||||10,155|4,689|
|Accruals and deferred||income||360,915|572,715|
|||||595,603|792,303|
##
||||2022|2021|
|---|---|---|---|---|
|||||E|
|Bank loans|||233,833|297,500|
|Obligations|under finance lease and hire purchase|contracts|149,290|247,003|
||||383,123|544,503|
##
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|Stateme|nt
offunds - current|year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1|||Gains/|31 March|
|||April 2021
F|Income
f|Expenditure|(Losses)|2022f|
|Unrestricted
funds|||||||
|General|Funds - all funds|817,173|5,599,883|(4,941,282)||1,475,774|
|Pension|reserve|(168,000)||(279,000)|1,200,000|753,000|
|||649,173|5,599,883|(5,220,282)|1,200,000|2,228,774|
|Restricted funds|||||||
|Restricted
Funds - all funds|||2,900|(2,900)|||
|Total of|funds|649,173|5,602,783|(5,223,182)|1,200,000|2,228,774|
##
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|Statement offunds
- prior ye|ar|||||
|---|---|---|---|---|---|
||||||Balance at|
||Balance at|||Gains/|31 March|
||1 April 2020|Income|Expenditure|(Losses)|2021|
|Unrestricted
funds||||||
|General
Funds - all funds|1,382,706|3,873,571|(4,439,104)||817,173|
|Pension reserve|549,000|11,000|(210,000)|(518,000)|(168,000)|
||1,931,706|3,884,571|(4,649,104)|(518,000)|649,173|
|Restricted funds||||||
|Restricted
Funds - all funds||55,469|(55,469)|||
|Total offunds|1,931,706|3,940,040|(4,704,573)|(518,000)|649,173|
##
|Summary|offunds
-cu|rrent year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1|||Gains/|31 March|
|||April 2021|Income|Expendituref|(Losses)|2022|
|General|funds|649,173|5,599,883|(5,220,282)|1,200,000|2,228,774|
|Restricted|funds||2,900|(2,900)|||
|||649,173|5,602,783|(5,223,182)|1,200,000|2,228,774|
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|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at|||Gains/|31 March|
|||1 April 2020|income|Expenditure|(Losses)|2021|
|General funds||1,931,706|3,884,571|(4,649,104)|(518,000)|649,173|
|Restricted|funds||55,469|(55,469)|||
|||1,931,706|3,940,040|(4,704,573)|(518,000)|649,173|
##
|Analysis|of n|et asset|s between funds - current year|||
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2022|2022|
|||||E||
|Tangible|fixed|assets||825,714|825,714|
|Intangible|fixed assets|||10,785|10,785|
|Current assets||||1,618,001|1,618,001|
|Creditors|due|within one year||(595,603)|(595,603)|
|Creditors|due|in more|than one year|(383,123)|(383,123)|
|Provisions|for|liabilities|and charges|753,000|753,000|
|Total||||2,228,774|2,228,774|
##
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##
|Analysis|of n|et asset|s between funds - prioryear|||
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2021|2021|
|||||E||
|Tangible|fixed|assets||1,111,668|1,111,668|
|intangible|fixed assets|||16,006|16,006|
|Current assets||||1,026, 305|1,026,305|
|Creditors|due|within one year||(792,303)|(792,303)|
|Creditors|due|in more|than one year|(544,503)|(544,503)|
|Provisions|for|liabilities|and charges|(168,000)|(168,000)|
|||||649,173|649,173|
##
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||||E||
|Net
income/expenditure||for the year (as||per Statement|of|Financial|||
|Activities)|||||||379,601|(764,533)|
|Adjustments
for:|||||||||
|Depreciation
charges|||||||285,283|423,861|
|Amortisation
charges|||||||1,337|3,443|
|Decrease/(increase)|in|stocks|||||(4,072)|13,168|
|Decrease/(increase)|in|debtors|||||272,215|(107,556)|
|Increase/(decrease)|in|creditors|||||(168,993)|199,032|
|Defined benefit pension||scheme movements|||||279,000|199,000|
|Net cash provided|by/(used||in) operating|activities|||1,044,371|(33,585)|
||||2022|2021|
|---|---|---|---|---|
|Cash|in|hand|1,476,439|616,600|
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|Principal
actuari|al
assumptions
at the Balance Sheet da|te (expressed as weighted
averages|):|
|---|---|---|---|
|||At 31 March|At 31 March|
|||2022|2021|
|||0/|Og'|
|Discount rate||2.85|2.15|
|Expected return|on scheme assets|2.85|2.15|
|Future salary increases||1.10|0.90|
|Future pension|increases|3.05|2.55|
||At 31 March|At 31 March|
|---|---|---|
||2022|2021|
||Years|Years|
|Mortality
rates (in years)|||
|- for a male aged 65 now|21.5|21.5|
|- at 65 for a male aged 45 now|22.3|22.3|
|-for a female aged 65 now|23.7|23.7|
|- at 65 for a female aged 45 now|25.1|25.1|
|The Comp|any's
share of the assets
in the scheme w|as:||
|---|---|---|---|
|||At 31 March|At 31 March|
|||2022|2021|
|||F||
|Equities||8,734,600|8,481,200|
|Corporate|bonds|2,312,100|2,059,720|
|Property||1,669,850|1,453,920|
|Cash and|other liquid assets|128,450|121,160|
|Total fair|value ofassets|12,845,000|12,116,000|
##
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|||||2022|2021|
|---|---|---|---|---|---|
|||||F||
|Current service|cost|||(291,000)|(210,000)|
|Interest income||||259,000|241,000|
|Interest cost||||(266,000)|(230,000)|
|Employer contributions||||19,000||
|Total amount|recognised|in the Statement|ofFinancial Activities|(279,000)|(199,000)|
|Movements
in th|e present value ofthe defined|benefit obligation
were as follows:||
|---|---|---|---|
||||2022|
|Opening
defined|benefit obligation||12,284,000|
|interest cost|||266,000|
|Contributions
by|scheme participants||51,000|
|Actuarial
(gains)/losses|||(608,000)|
|Benefits paid|||(192,000)|
|Current service cost|||291,000|
|Closing defined|benefit obligation||12,092,000|
|Movements
in the fair value of the Company's||share of scheme assets were as follows:||
||||2022f|
|Opening
fair value ofscheme assets|||12,116,000|
|Expected return|on assets||259,000|
|Actuarial
gains|||592,000|
|Contributions
by|employer||19,000|
|Contributions
by|scheme participants||51,000|
|Benefits paid|||(192,000)|
|Closing fair value ofscheme assets|||12,845,000|
##
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||||2022|2021|
|---|---|---|---|---|
||||F||
|Not later than||1 year|92,000|92,000|
|Later than|1|year and not later than 5years|290,750|335,500|
|Later than|5|years||47,250|
||||382,750|474,750|
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