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2021-06-30-accounts

REGISTERED COMPANY NUMBER: 08119494 (England and Wales) REGISTERED CHARITY NUMBER: 1151326

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

FOR

BOLLINGTON HEALTH & LEISURE

Heywood Shepherd Chartered Accountants

1 Park Street Macclesfield Cheshire SK11 6SR

BOLLINGTON HEALTH & LEISURE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

Page
Report of the Trustees 1 to 3
Report of the Independent Auditors 4 to 6
Statement of Financial Activities 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 17
Detailed Statement of Financial Activities 18 to 19

BOLLINGTON HEALTH & LEISURE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2020. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2015).

This is a company limited by guarantee and its operations are to include the provision of facilities for sporting, health, leisure and social activities including teaching and recreation for swimming, squash, fitness and other sporting activities for the benefit of the residents of Bollington and the surrounding area.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the charitable company are specifically restricted to the following: To construct, maintain and manage facilities for swimming, squash, fitness and other sporting, health, leisure and social activities (together with all incidental offices, outbuildings, open areas and access thereto) as provision for recreation and leisure-time occupation within the meaning of section 5 of the Charities Act 2011 and for the provision of such other facilities and services within the meaning of the said Act as the Charity may in its discretion hereafter determine for the benefit of the residents of Bollington and the surrounding area.

The trustees have continued their engagement with Bollington Town Council and Bollington United Junior Football Club in the Bollington Cross Youth Project (BCYP). Part of the land on which the junior football pitches have been constructed is leased from Cheshire East Borough Council to Bollington Town Council and, for a variety of reasons, the proposed underlease from Bollington Town Council to Bollington Health & Leisure has not yet been completed. However, the Town Council solicitors are currently drafting the underlease and arrangements are in hand for the charity's solicitors to draft the Lease Deed of Covenant and the Overage Deed of Covenant which are required by Cheshire East Borough Council as a condition of the underlease. The lease of this land will incorporate all the land which is currently leased to the charity for the Bollington Leisure Centre until 2033, and the new lease will not expire until 2142. This will give the charity a much more secure basis for operating and financing the Leisure Centre and other sports and leisure activities as set out in the Objectives of the charity.

Achievements and performance

The first activity as a registered charity began as Bollington Leisure Centre on 19 July 1977 and continued as the incorporated charity, Bollington Health & Leisure, by means of a Business Transfer Agreement with effect from 1 July 2013. The Leisure Centre was opened in July 1977 and so it has now been in operation for forty five years. Business management expertise continues to be contributed on a voluntary basis by the trustees, the management committee and a number of other volunteers, whereas professional Leisure Centre expertise is provided by employed staff. This model enables the charitable company to operate as a not-for-profit organisation on a sound business and financial basis and to provide a high level facility and service to the local community. Following the five year period of extension and refurbishment of the Leisure Centre from 2015 to 2020, the trustees have been engaged in managing the facilities and the finances through the extremely disruptive effects of the COVID-19 pandemic. The Centre was forced to close for three periods from 20 March 2020 to 25 July 2020; 5 November 2020 to 2 December 2020; and 4 January 2021 to 12 April 2021; with the swimming teaching programme being disrupted beyond these reopening dates. The financial support provided through the furlough scheme and other government support grants enabled the charity to retain all key staff and, with the added benefit of being mortgage free, to return a small surplus during the financial year 2020-2021.

Public benefit

Bollington Health & Leisure is entirely devoted to operating for the public benefit, providing much needed sporting, health and fitness facilities for the people of Bollington and the surrounding areas. A major benefit is the provision of an extensive swimming teaching programme with more than 1800 pupils engaging in lessons. The Centre also provides swimming and other facilities for fourteen local schools and for two groups with disabilities (Parkinson's Group and the Macclesfield & District Stroke Society). The extension into outside sporting and leisure activities through the Bollington Cross Youth Project is a further reinforcement of the public benefit of the charity in the local community.

STRATEGIC REPORT

Reserves policy

The charitable company aims to maintain reserves equivalent to three to four months turnover. As a result of the planned refurbishment programme, the unplanned need to re-tile the swimming pool, the enforced Coronavirus closures and the restricted re-opening of the Leisure Centre, the level of reserves had been reduced to just over one month by the start of the 2020-2021 financial year. During the year, it has been possible to make a modest improvement to the level of reserves and this will continue to be a primary focus for the trustees in the immediate future.

Future plans

Plans for the future are to continue to re-establish a high level of service provision within the Leisure Centre and in the extension into outside sporting facilities whilst ensuring that a sound financial basis is re-established and maintained to support the long-term future of the charity.

Page 1

BOLLINGTON HEALTH & LEISURE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its Articles of Association, as amended and approved by the Charity Commission on 22 April 2013, and constitutes a company limited by guarantee as defined by the Companies Act 2006.

Induction and training of new trustees

The charity will always aim to have an appropriate balance of skills and expertise on the trustee board, with knowledge of: appropriate health and leisure activities; business, including corporate governance, finance and facilities management; and the local community. Prospective new trustees will generally be invited to attend Directors' and Management Committee meetings for a period before appointment and must declare that they are not disqualified from becoming a director of a registered company or of a charitable institution; that they have not been barred by the Independent Safeguarding Authority from working with children and vulnerable adults; and must declare any potential conflicts of interest. All new trustees are provided with the general guidance for trustees issued by the Charities Commission to ensure that they are fully aware of their responsibilities, together with their responsibilities under company law. They are also familiarised with the Bollington Health & Leisure policies and procedures. Specific training is provided, as required, in areas such as Health & Safety and Safeguarding.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

08119494 (England and Wales)

Registered Charity number

1151326

Registered office

Heath Road Bollington Macclesfield Cheshire SK10 5EX

Trustees

P Drabble S L Hurst Dr J D King R A Mason Dr D A Maxwell Dr J A Murdoch S W Spinks C J Thompson P D Tunwell

Company Secretary

Dr J A Murdoch

Auditors Heywood Shepherd Chartered Accountants 1 Park Street Macclesfield Cheshire SK11 6SR

Solicitors

Solicitors
Thorneycroft Solicitors Limited SAS Daniels LLP
Bridge Street Mills, Bridge Street 30 Greek Street
Macclesfield Stockport
SK11 6QA SK3 8AD

COMMENCEMENT OF ACTIVITIES

The charity was incorporated on 26 June 2012 and commenced trading on 1 July 2013 under the terms of a Business Transfer Agreement between Bollington Leisure Centre and Bollington Health & Leisure.

Page 2

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BOLLINGTON HEALTH & LEISURE

Opinion

We have audited the financial statements of Bollington Health & Leisure (the 'charitable company') for the year ended 30 June 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, 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 (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF BOLLINGTON HEALTH & LEISURE

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine 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 statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities 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 to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatements in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from errors as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 5

RfPORT OV THE INDEPEfvDEhT AifDTTORS TO TH£ MEMBERS OF BOLLLYGTON HEAL TH & LEISLRE Thi% report goltty ￿ iht £twithlE r£ryth>'5 In Clw3 of 16 of the C(ry•ni rq1ilT￿ ththi In an kn. repjrt ar#J fLY othtt p￿￿1•e. To th¢ fvII¢A pomilled b), law. thj ￿ ￿££Pl WO￿ f¥)r th1% r4wfL oi fiy thc opioths fonjt N FCA {kniwSwir> d ￿ behalfol.lkjm￿d Sh¢pbttd CThe5h¥r¢ %K1165R 7 F¢lw 21)22

BOLLINGTON HEALTH & LEISURE

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2021

2021
Unrestricted
Restricted
Total
funds
fund
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
270,711
-
270,711
Charitable activities
5
Leisure centre
502,032
-
502,032
Other trading activities
3
7,727
-
7,727
Investment income
4
37
-
37
Total
780,507
-
780,507
EXPENDITURE ON
Raising funds
6
3,998
-
3,998
Charitable activities
7
Leisure centre
686,945
-
686,945
Project costs
20,236
-
20,236
Other
-
-
-
Total
711,179
-
711,179
NET INCOME/(EXPENDITURE)
69,328
-
69,328
RECONCILIATION OF FUNDS
Total funds brought forward
93,844
-
93,844
TOTAL FUNDS CARRIED FORWARD
163,172
-
163,172		 2020
Total
funds
£
105,035
733,845
15,364
1,659
855,903
7,864
928,343
120,238
-
1,056,445
(200,542)
294,386
93,844

The notes form part of these financial statements

Page 7

BOLLIP4GT014 HEALTH & IIISVRE BALANC.E SHEET J(1 J[TPE 20ZI 2020 Fwjds FIXED ASSE75 Tanglbk us¢ts 22J49 CiIRREla ASSETS Stoc5 1133 Il382 143.456 Is 11.758 41.7YJ 22%919 It ID I 27•J•7 17Q9n 163,971 CRKDrroKs 16 {129JN 1129) {916761 71295 TOTAL A&SET5 LLSS CURRENT LIABILmrs i&iin 93I44 NET AI$ETS i￿.In 93,144 DS Unrcsukitd fmnd 17 93.&14 TOTAL FiTrTIS I￿1￿ 93.8H f b)-. J A Mwdoth. Tr¥>t¢¢

BOLLINGTON HEALTH & LEISURE

CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Tax paid
Net cash provided by/(used in) operating activities
Cash flows from investing activities
Interest received
Net cash provided by investing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at the beginning of
the reporting period
Cash and cash equivalents at the end of the
reporting period		 2021
£
82,426
-
82,426
37
37
82,463
143,456
225,919		 2020
£
(213,852)
371
(213,481)
1,659
1,659
(211,822)
355,278
143,456

The notes form part of these financial statements

Page 9

BOLLINGTON HEALTH & LEISURE

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2021

  1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
ACTIVITIES
Net income/(expenditure) for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Interest received
(Increase)/decrease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by/(used in) operations		 2021
£
69,328
(37)
(697)
(23,376)
37,208
82,426		 2020
£
(200,542)
(1,659)
300
15,041
(26,992)
(213,852)
  1. ANALYSIS OF CHANGES IN NET FUNDS
At 1.7.20 Cash flow At 30.6.21
£ £ £
Net cash
Cash at bank and in hand 143,456 82,463 225,919
143,456 82,463 225,919
Total 143,456 82,463 225,919

The notes form part of these financial statements

Page 10

BOLLINGTON HEALTH & LEISURE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure & liabilities

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Expenditure on land and buildings improvement and other tangible assets is written off in the year in which it occurs. The purchase cost of land is not depreciated.

The remaining tangible fixed assets have been fully depreciated (see note 15) .

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements (see note 15).

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted future results are sufficient together with reserves to be able to continue as a going concern.

continued...

Page 11

BOLLINGTON HEALTH & LEISURE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

2. DONATIONS AND LEGACIES

2.
DONATIONS AND LEGACIES
Donations
Grants
Grants received, included in the above are as follows:
Job retention scheme grant
Other grants
3.
OTHER TRADING ACTIVITIES
Fundraising events
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Leisure centre income
Leisure centre
6.
RAISING FUNDS
Raising donations and legacies
Lottery prizes
Other trading activities
Purchases
Aggregate amounts		 2021
£
(47,198)
317,909
270,711		 2020
£
11,979
93,056
105,035
2021 2020
£ £
195,735 93,056
122,174 -
317,909 93,056
2021
£
7,727
2021
£
37
2021
£
502,032
2021
£
350
2021
£
3,648
3,998		 2020
£
15,364
2020
£
1,659
2020
£
733,845
2020
£
-
2020
£
7,864
7,864

continued...

Page 12

BOLLINGTON HEALTH & LEISURE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

7. PROJECT COSTS

The project costs included in the Charitable Activities relate to costs incurred to enhance the facilities of the charity and comprise:

2021 2020
£ £
Swimming pool refurbishment - 98,105
Toilet & changing rooms refurbishment 5,854
Boiler and flues - 21,317
Treatment room refurbishment - 816
CCTV installation 8,802 -
New hoist 5,580 -
20,236 120,238

8. SUPPORT COSTS

SUPPORT COSTS
Governance
costs
£
Leisure centre 6,670

Support costs, included in the above, are as follows:

Governance costs

Governance costs
2021 2020
Other
resources Leisure Total Total
expended centre activities activities
£ £ £ £
Auditors' remuneration (1,000) 6,670 5,670 4,800
Accountancy and legal fees 1,000 - 1,000 800
Disclosure and Barring Service checks - - - 1,544
- 6,670 6,670 7,144
  1. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Auditors' remuneration

2021 2020
£ £
5,670 4,800

continued...

Page 13

BOLLINGTON HEALTH & LEISURE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits paid for the year ended 30 June 2021 nor for the year ended 30 June 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2021, nor for the year ended 30 June 2020.

11. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2021
£
394,726
12,701
5,904
413,331		 2020
£
439,143
14,480
5,131
458,754

The average monthly number of employees during the year was as follows:

Management and administration
Instructors and support		 2021
9
60
69		 2020
9
76
85

No employees received emoluments in excess of £60,000.

Total key management personnel remuneration benefits were £35,377 (£32,640 - 2020)

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
105,035
Charitable activities
Leisure centre
733,845
Other trading activities
15,364
Investment income
1,659
Total
855,903
EXPENDITURE ON
Raising funds
7,864
Charitable activities
Leisure centre
928,343
Project costs
120,238
Total
1,056,445
NET INCOME/(EXPENDITURE)
(200,542)		 Restricted
fund
£
-
-
-
-
-
-
-
-
-
-		 Total
funds
£
105,035
733,845
15,364
1,659
855,903
7,864
928,343
120,238
1,056,445
(200,542)

continued...

Page 14

BOLLINGTON HEALTH & LEISURE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted
funds
£
RECONCILIATION OF FUNDS
Total funds brought forward
294,386
TOTAL FUNDS CARRIED FORWARD
93,844
13.
TANGIBLE FIXED ASSETS
Freehold
Long
property
leasehold
£
£
COST
At 1 July 2020 and 30 June 2021
22,549
80,476
DEPRECIATION
At 1 July 2020 and 30 June 2021
-
80,476
NET BOOK VALUE
At 30 June 2021
22,549
-
At 30 June 2020
22,549
-		 Restricted
fund
£
-
-
Fixtures
and
fittings
£
11,142
11,142
-
-		 Total
funds
£
294,386
93,844
Totals
£
114,167
91,618
22,549
22,549

The land originally leased by Bollington Health & Leisure from Cheshire East Borough Council has been leased from Cheshire East Borough Council to Bollington Town Council who have therefore become Landlord to the Bollington Health & Leisure Lease with effect from 27 April 2017. Bollington Town Council have determined not to impose any ground rent for the Lease of Bollington Leisure Centre. The lease term is due to expire in 2033. The Leisure Centre constructed on this site comprises facilities for swimming, squash, fitness and other sporting, health and social activities. The building is owned by the charity. All the building costs have been fully depreciated as stated in note 1.

14. STOCKS

14.
STOCKS
Stocks
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Accrued income
Prepayments		 2021
£
2,830
2021
£
9,471
165
18,552
13,570
41,758		 2020
£
2,133
2020
£
1,187
4,000
-
13,195		 2020
£
2,133
18,382

Page 15

continued...

BOLLINGTON HEALTH & LEISURE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Deferred income
Accrued expenses
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS		 At 1.7.20
£
93,844
93,844
Incoming
resources
£
780,507
780,507
At 1.7.19
£
294,386
294,386
Incoming
resources
£
855,903
855,903		 2021
£
15,960
-
75,104
38,820
129,884
Net
movement
in funds
£
69,328
69,328
Resources
expended
£
(711,179)
(711,179)
Net
movement
in funds
£
(200,542)
(200,542)
Resources
expended
£
(1,056,445)
(1,056,445)		 2020
£
4,132
3,047
75,854
9,643
92,676
At 30.6.21
£
163,172
163,172
Movement
in funds
£
69,328
69,328
At 30.6.20
£
93,844
93,844
Movement
in funds
£
(200,542)
(200,542)

17. MOVEMENT IN FUNDS

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continued...

BOLLINGTON HEALTH & LEISURE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2021

17. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement
At 1.7.19 in funds At 30.6.21
£ £ £
Unrestricted funds
General fund 294,386 (131,214) 163,172
TOTAL FUNDS 294,386 (131,214) 163,172

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 1,636,410 (1,767,624) (131,214)
TOTAL FUNDS 1,636,410 (1,767,624) (131,214)

18. RELATED PARTY DISCLOSURES

Two members of the senior management team, each have close family members who are employees of the charity.

There were no further related party transactions in the year.

19. LIABILITY OF MEMBERS

The liability of the members is limited by guarantee.

Under clause 3 of the Articles of Association all members undertake to contribute to the assets of the Charitable Company such an amount as may be required, not exceeding £10, in the event of it being wound up during the period of membership or within one year after ceasing to be a member.

Page 17

BOLLINGTON HEALTH & LEISURE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Other trading activities
Fundraising events
Investment income
Deposit account interest
Charitable activities
Leisure centre income
Total incoming resources
EXPENDITURE
Raising donations and legacies
Lottery prizes
Other trading activities
Purchases
Charitable activities
Wages
Social security
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Bank charges
Credit card charges
Travel expenses
Repairs and maintenance
Computer costs
Security costs
Legal and professional fees
Purchases
Project costs
Instructors' fees
Covid admin		 2021
£
(47,198)
317,909
270,711
7,727
37
502,032
780,507
350
3,648
394,726
12,701
5,904
6,113
14,028
41,190
1,231
1,600
1,321
1,330
353
3,918
15
25,911
18,428
5,830
2,550
133,191
20,236
7,228
2,707
700,511		 2020
£
11,979
93,056
105,035
15,364
1,659
733,845
855,903
-
7,864
439,143
14,480
5,131
15,261
17,439
52,488
1,698
2,627
4,803
1,874
122
2,871
3,134
28,810
18,631
4,299
2,515
276,251
120,238
29,622
-
1,041,437

Support costs

This page does not form part of the statutory financial statements

Page 18

BOLLINGTON HEALTH & LEISURE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2021

Support costs
Governance costs
Auditors' remuneration
Accountancy and legal fees
Disclosure and Barring Service checks
Total resources expended
Net income/(expenditure)		 2021
£
5,670
1,000
-
6,670
711,179
69,328		 2020
£
4,800
800
1,544
7,144
1,056,445
(200,542)

This page does not form part of the statutory financial statements

Page 19