| Contents Page — I ! ,‘ I — |
|
|---|---|
| Trustees, Directors, Principal Officers & Advisors | 3 |
| Chief Executive’s Report | 4 |
| Trustees’ Annual and Strategic Report | 7 |
| Independent Auditors Report | 28 |
| Statement of Financial Activities | 32 |
| Balance Sheet | 33 |
| CashflowStatement | 34 |
| Notes to Financial Statements | 36 |
| Area | Inactive | Fairly active | Active | |
|---|---|---|---|---|
| (<30) | (30-149) | (150+) | ||
| England | 27.1% (+2.6%) | 11.5% (-0.7%) | 61.4% (-1.9%) | |
| North West | 29.5% (+3.8%) | 1 1.4% (-0.5%) | 59.1% (-3.3%) | |
| CheshIre East | 23.7%(-1.2%) | I | S.1%(-4.1%) | 67.2% (+5.4%) |
| Cheshire West | 24.7% (+1.7%) | 11.6% (-0.1%) | 63.7% (-1.6%) | |
| Warrington | 30.6% (+4.5%) | 10.3% (-4.6%) | 59.2% (+0.1%) |
| Principal Risks | Current Controls & Mitigating Actions |
Future Action Plan |
|---|---|---|
| Major Capitol investment plans withdrawn orscaled down, results in major service disruption or unachievable targets |
Capital investment complete at Crewe, Sandbach, Alsager. Macclesfield and Congleton in the pipeline. |
Continue with the “Five Towns Business Case to secure future membership growth which will continue to oromote “Leisure for hf” |
| COVID - 19 Restrictions continue to disrupt member/customer confidence |
Advertising results from custamer confidence surveys - 4.8/5 ensure that facilities are clean and hygienic |
continue current cleaning regime and following all social distancing guidelines |
| All sites adhere to all | ||
| government and | ||
| COVID - 19 outbreak resulting in more site closures |
governing body requirements and guidance -Safety first |
Continue with safety first approach |
| policy in place in every | ||
| operational decision | ||
| Changes to Council commissioned services resulting in loss of service, reputational and financial impact |
Fixing the management fee to reflect contractual commissioned services means any changes will require extensive public consultation, |
Reputational consequences will be managed through Everybody’s communcatian plans with Cheshire East Council leading on it’s policy changes. |
| Inaccurate or inadequate financial information resulting in poor decision making |
Strengthened finance team with IWO new staffwho now work closely with sites. New financial system went live April 2017. |
Improved reporting made on a more timely basis. Budget holders can ‘self serve” and key areas of the |
| business are kept under | ||
|---|---|---|
| close scrutiny. | ||
| Three year revaluation | ||
| funded by Cheshire | ||
| East Council —increase |
||
| Inadequate pension planning results in additional costs and recruitment issues |
Current arrangements with LGPS in place, fully funded by Cheshire East Council |
of £175k per annum. Negotiations underway with Cheshire East BC for a “pass-through” agreement, similarto |
| other Council | ||
| Alternative Service | ||
| Delivery Vehicles |
16th December 2021
| —II-. | • | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| Notes | Funds | Funds | O20-21 | 2019-20 | |||
| £ | £ | £ a |
£ | ||||
| Income: | |||||||
| Donations and Legacies | 2 | 4,422,735 | 4,422,735 | 3.359,880 | |||
| Charitable Activities | 3 | 2,239,383 | 2,239,383 | 10,659,577 | |||
| OtherTrading Activities | 4 | 38.399 | 38,399 | 868,182 | |||
| Investment Income | 241 | - | 241 | 8.942 | |||
| Grants & Contracts | 5 | 9,403319 | - | 9,403.319 | 2,699,153 | ||
| Total Income | 16,104,077 | - | 16,104,077 | 17,595,734 | |||
| Expenditure on | |||||||
| Charitable Activities | |||||||
| OtherTrading Activities | 6 | 392,096 | - | 392,096 | 812,230 | ||
| Charitable Activities | 7 | 16.463,705 | - | 16,463,705 | 18,126,221 | ||
| Net Gains!(Losses) | on | ||||||
| investments | |||||||
| Total Expenditure | 16,855,801 | - | 16,855,801 | 18,938,451 | |||
| Net lncome/ | |||||||
| (Expenditure) | (751,724) | - | (751,724) | (1.342,717) | |||
| Transfers Between Funds | |||||||
| Other Recognised | |||||||
| Gains/(Losses) | |||||||
| Actuarial Gains/(Losses) | |||||||
| on Defined Benefit | |||||||
| Pension Schemes | (9,067.000) | (9,067,000) | 1,259,000 | ||||
| Net Movement | (9,818,724) | - | (9,818,724) | (83,717) | |||
| Total Funds Brought | |||||||
| Forward | (6,456.910) | - | (6,458.910) | (6,375,193) | |||
| Total Funds Carded | |||||||
| Forward | (16,277,634) | - | (16,277,634) | (6,458,910) |
| :Note | 31Mar21 | 31Mar20 | |
|---|---|---|---|
| £ | £ | ||
| Fixed Assets: | |||
| Intangible Fixed Assets | 11 | 2,923 | 16,200 |
| Tangible Fixed Assets | 12 | 1,900,531 | 2,287,980 |
| Total Fixed Assets | 1,903,454 | 2,304,180 | |
| Current Assets: | |||
| Stacks | 67,382 | 98,459 | |
| Debtors | 13 | 677,359 | 607,657 |
| Cash at bank and in hand | 1,770,580 | 1,152,999 | |
| Total CurrentAssets | 2,515,321 | 1,859,115 | |
| Liabilities: | |||
| Creditors: amounts due within one-year | 14 | (3,104,562) | (2,127,466) |
| Net Current Assets/(Liabilities) | (589,241) | (268,351) | |
| TotalAssets Less Current Liabilities | 1,314,213 | 2,035,829 | |
| Creditors: amounts falling due after one-year | 15 | (903,848) | (1,437,739) |
| Net Asset or Liabilities excluding pension Asset or | |||
| Liability | 410,366 | 598,090 | |
| Defined Benefit Pension Scheme Asset or Liability | (16,688,000) | (7.057000) | |
| Total NetAssets or LIabilitIes | (16,277,634) | (6,458,910) | |
| Funds ofthe Charity: | |||
| Unrestricted Funds | 275,111 | 312,173 | |
| Unrestricted Designated Funds | 135,255 | 285,917 | |
| Pension Reserve | 18 | (16,688,000) | (7,057,000) |
| TotalFunds | (16,277,634) | (6,458,910) |
| 01 April 2020— 31 March 2021 |
01 April 2020— 31 March 2021 |
01 April2019— 31 March 2020 |
Table | |
|---|---|---|---|---|
| £ | £ | |||
| Cash Flows from operating activities | ||||
| Net cash (outllow)/inflow from | ||||
| operating acfivites | 617,340 | (29,977) | ||
| Cash Flows from Investing activities | ||||
| Capital Expenditure | (408,046) | |||
| Interest Income | 241 | 8,942 | ||
| Cash Flows fromfinancing activities | ||||
| Loon Received | ||||
| Loon Repayment | (83,200) | |||
| Increase/(Decrease) in cash in | ||||
| period | 617,581 | (512,281) | ||
| Cash & Cash equivalents at the | ||||
| beginning ofthe reporting period | 1,152,999 | 1,665,280 | ||
| Cash 8. Cash equivalents atthe end | ||||
| ofthe reporting period | 1,770,580 | 1,152,999 | 2 |
| 01 April 2020- | 01 April | 2019 - |
|
|---|---|---|---|
| 31 March 2021 | 31 March 2020 | ||
| £ | £ | ||
| Net movement In funds forthe reporting period | |||
| (as per the statement offinancial activities) | (751,724) | (1,342,717) | |
| Adjustments for: | |||
| Pension Service Cost | 564,000 | 1,149,000 | |
| Depreciation charges | 192,018 | 188,577 | |
| Interest Income | (241) | (8,942) | |
| (lncrease)/decrease in stocks | 31,077 | (37,968) | |
| (lncrease)Idecrease in debtors | (69,702) | 9,924 | |
| Increase/(decrease) in creditors | 651,912 | 12,149 | |
| Netcash provided by(used In) operating | |||
| activities | 617.340 | (29,977) |
| 01 April2020 - | 01 April2019 — |
||
|---|---|---|---|
| 31 Match 2021 | 31 March 2020 | ||
| £ | £ | ||
| Cash | in hand | 1,170,580 | 1,152,999 |
| Total | cash & cash equivalents | 1,770,580 | 1,152,999 |
| Askcl[Of | Cosh | As at 31 | ||||
|---|---|---|---|---|---|---|
| 1’ | Aptfl 2020 | Flows | March 2021 | |||
| 2 | — | c | — | |||
| Cash | 1,152,999 | 617.581 | 1,770,580 | |||
| Cash | equivalents | |||||
| Overdraft facilityrepayable on | ||||||
| demand | ||||||
| 617,581 | ||||||
| Loans Loans |
falling due within one year falling due after more than one |
(100,800) | - | ( 100,800) | ||
| year | (480,000) | - | (480,000) | |||
| Finance lease obligations | (1,166,237) | 208,708 | (957,529) | |||
| Total | (594,038) | 826,289 | 232,251 |
| Asset | Lifespan | Rate |
|---|---|---|
| Property | 24 years or the life of a property lease if less | 4.2% |
| Gym/Studio Equipment |
5 years | 20% |
| General Equipment | 5 years | 20% |
| Computers/IT | 5 years | 20% |
| Restricted | 2g;,A_P1 | |||||
|---|---|---|---|---|---|---|
| j | Funds £ |
Funds £ |
Mar2021 | Mar2020 i |
||
| Income: | ||||||
| Donations and Legacies | 2 | 4,422,735 | - | 4,422.735 | 3,359,880 | |
| chatabte Activities | 3 | 2,239,383 | - | 2,239,383 | 10,659,577 | |
| OtherTrading Activities | 4 | 38,399 | - | 38,399 | 868,182 | |
| Investment Income | 241 | - | 241 | 8,942 | ||
| Grants & contracts | 6 | 9,403,319 | - | 9,403.319 | 2,699,153 | |
| Total Income | 16,104,077 | - | 16,104,077 | 17,595,734 | ||
| Expenditure on Charitable | ||||||
| Activities | ||||||
| OtherTrading Activities | 6 | 392.096 | - | 392,096 | 81 2,230 | |
| Charitable Activities | 7 | 15,899,705 | - | 15,899,708 | 16,977,221 | |
| Total Expenditure | 16,291,801 | - | 16,291,801 | 17,789,451 | ||
| Net income (Expenditure) | (187,724) | - | (187,724) | (193,717) | ||
| Transfers Between Funds | ||||||
| Operating Surplus! (Deficit) | II8Z±Z4.) | (193.717i |
| 01 April 2020— | 01 April 2019— | |
|---|---|---|
| 31 March 2021 | 31 March 2020 | |
| £ | £ | |
| Miscellaneous | ||
| Use of Buildings Owned by Cheshire East BC | 4,362.735 | 3,313,880 |
| Use of Buildings Owned by Holmes Chapel Parish Council |
60,000 | 46,000 |
| Total Income | 4,422,735 | 3,359,880 |
| 01 April 2020 — |
01 April 2019— | |
|---|---|---|
| 311 March 2021 | 31 March 2020 | |
| £ | £ | |
| Operational Facilities | 2,233,703 | 10,577,113 |
| Partnership & Leisure Development | 5,680 | 82,464 |
| Total Income | 2,239,383 | 10,659,577 |
| 01 April2020 — |
01 April 2019 — |
|
|---|---|---|
| 31 March 2021 | 31 March 2020 | |
| £ | £ | |
| Bar & Catering Income | 38,399 | 868,182 |
| Total Income | 38.399 | 868,182 |
| 01 AprIl 2020— | 01 April2019— | |
|---|---|---|
| 31 March 2021 | 31 March 2020 | |
| CEC Management & Operational Fee’s | 3,825,482 | 1,853,200 |
| CEC SupportServices | 100,485 | 100,500 |
| Bikeability | 91 .243 | 178,019 |
| Health | 49,659 | 396,391 |
| OtherSources | 8,812 | 29,128 |
| Furlough Grant | 4,571,071 | 1 41 .128 |
| National Leisure Recovery Fund Grant | 251,000 | |
| COVID —Local Support Grant |
505,567 | |
| Total Income | 9,403,319 | 2,699,153 |
| _jIL i021 AprIl | 020 — |
01 AprIl2019— | |
|---|---|---|---|
| 31 March 2021 | 31 March 2C20 | ||
| £ | £ | ||
| Staff Costs | 366,076 | 438,267 | |
| Bar & Catering Purchase | 26,020 | 373.963 | |
| Total Expenditure | 392,096 | 812,230 |
| Partnership & O1 | April2020 -31 | 01 AprIl 2019-31 | ||
|---|---|---|---|---|
| Faciiitiesi. | Leisure Dev | March 2021 | March 2020 | |
| £ | ||||
| Salary, NI & Pensions | 6,858,624 | 387,222 | 7,245,846 | 8,446,396 |
| Indirect Employee Costs | 75,841 | 13,264 | 89,105 | 68,114 |
| Pension Service Costs | 451,995 | 9,803 | 461,798 | 1,015,869 |
| Property Costs | 4.584,369 | - | 4,584,369 | 3,446,776 |
| Transport - Other |
1,199 | 2,278 | 3,477 | 6,693 |
| Supplies & Services | 601,066 | 16,558 | 717,624 | 1 880,424 |
| Financing Costs | 544,572 | 10.519 | 555,091 | 625,863 |
| Support & Marketing Costs | ||||
| Reallocated | 2,613,250 | 109,974 | 2,783,224 | 2.609,770 |
| Governance Costs Reallocated | 21,764 | 1,407 | 23,171 | 26,316 |
| Total 01Apr11 2020-31 March 2021 | 15,812,680 | 651,025 | 16,463,705 | |
| Total 01 April2019- 31 March 2020 | 16,889,539 | 1,236,682 |
| Management & Support Services |
Governance | Costs | 01 31 |
April 2020 — March 2021 |
01 AprIl2011-’ 31 March”302Q |
|
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||
| Salary, NI & Pensions | 1.741,858 | 1,741,858 | 1,285.779 | |||
| Indirect Employee Costs | 138,320 | 138.320 | 196.231 | |||
| Pension Service Costs | 102,202 | 102,202 | 133,132 | |||
| Property Costs | 39,166 | 39.166 | 190,376 | |||
| Transport Other |
5.924 | 5.924 | 7.38: | |||
| Supplies & Services | 699,504 | 23,171 | 722,675 | 729,225 | ||
| Financing Costs | 56,250 | 56,250 | 93,962 | |||
| Total | 2,783,224 | 23.171 | 2,806,395 | 2,636,0861 |
| ,F | 01Apr11 2020— | 01 April2019— | ||
|---|---|---|---|---|
| bte payroll costs were: | 31 March 2021 | 31 March2020 | ||
| £ | £ | |||
| Salaries | 7,945,273 | 8,869,433 | ||
| Social Security Costs | 459.049 | 661,160 | ||
| Pension | Costs | 660,055 | 809,370 | |
| Total | 9,064,377 | 10,339,963 |
| .w | - | ||||
|---|---|---|---|---|---|
| Benefits | . | Of Employees 2021a | No. of Employees 2020 | ||
| 60,000- 69,999 | 2 | ||||
| 70,000— 79,999 | 3 | ||||
| 80,000 —89,999 | |||||
| 90,000—99,999 100,000 — 109,999 |
1 | 1 | |||
| Total | 3 | 4 |
| 2021 •‘ |
No. |
|---|---|
| Leisure Facilifies and Leisure Development | 649 |
| Taste for Life and Health | 51 |
| Support Services and Academy | 47 |
| Total | 747 |
| 2020 | No. |
| Leisure Facilities and Leisure Development | 625 |
| Taste for Life and Health | 61 |
| Support Services and Academy | 53 |
| Total | 738 |
| - | 2020-21 | iT Software | Total | ||||
|---|---|---|---|---|---|---|---|
| _:‘7I. | £ | £ | |||||
| Cost | |||||||
| Balance as of 01 April | 2020 | 89,575 | 89,575 | ||||
| Additions | - | - | |||||
| As at 31 March 2021 | 89,575 | 89,575 | |||||
| Amortisation | |||||||
| As at 01 April 2020 | 73,375 | 73,375 | |||||
| in year charges | 13,277 | 13,277 | |||||
| As at 31 March 2021 | 86,652 | 86,652 | |||||
| Net Book Value |
|||||||
| As at 01 April 2020 | I | 16,2001 | I | 16,200 | |||
| As at 31 March 2021 | 2,923 | I | 2,923 |
| Buildings Inc Professional Fees |
Buildings Inc Professional Fees |
Gym Equipment |
IT qulpment |
IT qulpment |
General Equipment |
Total | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | ||||||
| cost: | ||||||||||
| Balance as of 01 April2020 | 669,9W | 324,628 | 76,744 | 5.44.648 | 1,615,937 | |||||
| Balance as of 01 April2020 | (Finance Lease) | - | 1,475,313 | 114,891 | 64482 | 1654,686 | ||||
| Additions | ||||||||||
| Additions (Finance Leases) | ||||||||||
| Asat3I March 2021 | 669,917 | 1799,941 | 191,635 | 609130 | 3270,623 | |||||
| Depreciation: | ||||||||||
| Balance as ot 01 April 2020 | 118.657 | 176.170 | 39,85’ | 159,516 | 494,194 | |||||
| Balance as of 01 April 2020 | (Finance Lease) | 409.888 | 50,319 | 28,242 | 488,449 | |||||
| charge for the Year | 32.324 | 41.297 | 12,913 | 92,206 | 178.740 | |||||
| Charge for the Year (Finance Leases) | 190,896 | 11,409 | 6,403 | 208,708 | ||||||
| As ci 31 March 2021 | 150981 | 818,251 | 114,492 | 286368 | 1.370092 | |||||
| Net Book Value | ||||||||||
| As at 01 April 2020 | I | 551.26011 | 1,213,88311 | 101,46511 | 421.37211 | 2,2879801 | ||||
| As at 31 March2021 | I | 518,93611 | 981,69011 | 77,14311 | 322,76211 | 1.9.531I | ||||
| 12A. Finance Leases | ||||||||||
| £ | £ | £ | £ | |||||||
| 2020-21 | a. | Gym Equipment |
IT Equlpme |
General Equipment |
Total | |||||
| Cost: | ||||||||||
| Balance as of 01 April2020 | 1,475,313 | 114,891 | 64.482 | 1,654,686 | ||||||
| Additions | ||||||||||
| As at 31 March 2021 | 1,415,313 | 114,891 | 64,482 | 1,654,686 | ||||||
| Depreciation: | ||||||||||
| Balance as of 01 April 2020 | 409,888 | 50,320 | 28,242 | 488,450 | ||||||
| Charge forthe Year | 190,896 | 11,409 | 6,403 | 208,708 | ||||||
| As at 31 March2021 | 600,784 | 61,729 | 34,645 | 697,158 | ||||||
| Net Book Value | ||||||||||
| As at 01 April 2020 | I | 1,065,425 | 64,5711 | 36.24011 | 1,166,2361 | |||||
| As at 31 March2021 | I | 874,5291 | 53,162 | 29,8311 | 951,5281 |
| 31 March 2021 | 31 March 2020 | |
|---|---|---|
| £ | ||
| Trade Debtors | 622,335 | 395,094 |
| Prepayments and Accrued Income | 55,024 | 212,563 |
| As at 31 March 2021 | 677,359 | 607.657 |
| 31 March 2021 | 31 March 2020 | |
|---|---|---|
| £ | ||
| £ | ||
| Trade Creditors | 58,849 | 329,345 |
| Accruals and Deferred Income | 1,849,514 | 936,427 |
| Taxation and Social Security | 487,048 | 389,736 |
| Loans | 302,400 | 100,800 |
| Finance Leases | 332,081 | 208,498 |
| Other Creditors | 74,670 | 162,660 |
| As at 31stMarch 2021 | 3,104,562 | 2,127,466 |
| Total In | Total In Year | Carried | ||||
|---|---|---|---|---|---|---|
| Deferred Income | Brought Forward | Year | Deferral | Forward | ||
| a | 2020 | Deferral | Released | 2021 | ||
| £ | - | • | •‘: £ , |
|||
| - Annual Memberships | 421,320 | 618,206 | (441,076) | 244,190 | ||
| - Facihty Bookings | 5,218 | 5,218 | ||||
| - Learn To Swim Scheme | 15,905 | 1,507 | 14,398 | |||
| - Memberships Income | ||||||
| received in March | 269,360 | 227,019 | 42,341 | |||
| - Various other Projects | (7,246) | 7,246 | ||||
| - National Leisure | ||||||
| Recovery Fund | - | - | (650,542) | 650,542 | ||
| Total Funds | 711,803 | 851,950 | (1,098,864) | 958,717 |
| 31 March 2021 | 31 March 2020 | |
|---|---|---|
| £ | £ | |
| Principal Loan Repayments Repayable | ||
| Between ito 5 Years | 278,400 | 480,000 |
| Principal Loon Repayments Repayable After 5 | ||
| Years | ||
| Principal Finance Lease Repayable Between I | ||
| to 5 Years | 625,448 | 957,739 |
| Total | 903848 | 1,437,739 |
| Brought Forward 2020 |
incoming Resources |
Outgoing Resources |
Gains! (Losses) |
Transfers In •/{Out.) |
CarIId 2021 |
|
|---|---|---|---|---|---|---|
| a | £ | £ p | £ | |||
| Unrestricted | 312,173 | 16,104,077 | (16,291,801) | 150,662 | 275,111 | |
| PensIon Reserve | (7,057,000) | (564000) | (9,067,000) | - | (16,688,000) | |
| Designated Funds | ||||||
| -StaffMembership Scheme |
76,296 | - | - | - | 10,930 | 87,226 |
| -TrainingAcademy | 5,100 | - | - | - | - | 5,100 |
| - Systems Upgrade | 47,147 | - | - | - | (23,573) | 23,574 |
| -capital contributions Received |
20,374 | - | - | - | (1,019) | 19,355 |
| - Community Projects | 137,000 | - | - | • | (137,000) | - |
| total Designated Funds | 285.917 | - | - | - | (150,662) | 135,255 |
| Total Funds | (6,458,910) | 16,104,077 | (16,855,801) | (9,067,000) | - | (16,277,634)J |
| Fund r |
Brought Forward 2019 |
IncomIng Resources |
Outgoing Resources |
Gains / (Losses) |
Tronsters in/ (Out) |
Carried Forward 2020 |
||
|---|---|---|---|---|---|---|---|---|
| £ | £ | J4___1 - |
- | £ | ||||
| Unrestricted | 486,181 | 17,595,734 | (17,789,451) | - | 19,709 | 312,173 | ||
| Pension Reserve | (7.167.000) | - | (1.149,000) | 1,259,000 | - | (7,057,000) | ||
| Designated Funds | ||||||||
| -StaffMembership Scheme |
60613 | - | - | - | 15,683 | 76,296 | ||
| -Training Academy | 5, 100 | - | - | - | - | 5,100 | ||
| - Signage | 6,000 | - | - | - | (6,000) | - | ||
| - Knutsiord Attic | 4,800 | - | - | - | (4,8CC) | - | ||
| -Systems Upgrade | 70,720 | - | - | - | (23.573) | 47,147 | ||
| - Capital Contributions Received |
21,393 | - | - | .. | (1,019) | 20,374 | ||
| - Community Projects | 137,000 | - | - | - | - | 137.000 | ||
| Total Designated Funds | 305,626 | - | - | - | (19.709) | 285,917 | ||
| Total Funds | (6,375,193) | 17,595,734 | (18,936,451) | 1,259,000 | - | (6,458,910) |
| Unrestricted | Designated | Designated | Designated | Total Funds | |
|---|---|---|---|---|---|
| Analysis of Net Assets between Funds | Funds | Funds | 2021 | ||
| -4 | |||||
| — .nrJ | La | £ | a | £ - |
|
| Intangible Fixed Assets | 2,923 | 2,923 | |||
| Tangible Fixed Assets | ,900,531 | 1,900,531 | |||
| Current Assets | 2,229,404 | 285,911 | 2,515,321 | ||
| Creditors: amounts falling due within one | (3,104,562) | - | (3,104,562) | ||
| year | |||||
| Creditors: amounts falling due after one | (903,848) | - | (903,848) | ||
| year | |||||
| Pension Liability | (16,688,000) | - | (16,688,000) | ||
| Total | (16,563,552) | 285,917 | (16,277,635)1 |
| Unrestricted | Designated | Designated | Total Funds | |
|---|---|---|---|---|
| Analysis of Net Assets between Funds | Funds | Funds | 2020 | |
| La | £ | |||
| Intangible Fixed Assets | 16,200 | - | 16,200 | |
| Tangible Fixed Assets | 2,287,980 | - | 2,287,980 | |
| Current Assets | 1,573,198 | 285,917 | 1,859,115 | |
| Creditors: amounts falling due within one | ||||
| year | (2,127,466) | - | (2,127,466) | |
| Creditors: amounts falling due afterone | ||||
| year | (1,437,739) | - | (1,437,739) | |
| Pension Liability | (7,057,000) | - | (7,057.000) | |
| Total | (6,744,827) | 285,917 | (6,458,910) |
| 01 April2020— | 01 April2019— | i | ||
|---|---|---|---|---|
| 31 March 2021 | 31 March 2020 | |||
| £ | £ | |||
| Donations & Legacies | - CEC | 4,21 7,311 | 4,587,946 | |
| - HCPC | 58,000 | 46,000 | ||
| Grants and Contracts | - CEC | 3,925,967 | 1,953,700 | |
| Loan Interestand Principal | ||||
| Repaid | - CEC | 24,754 | 119,183 | |
| Charitable Expenditure | - CEC | 4,330,675 | 4,701,310 | |
| - HCPC | 58,000 | 46,000 | ||
| Everybody Foundation | - | - | 4,884 |
| 2021 | 2020 | ||
|---|---|---|---|
| £ | £ | ||
| a | |||
| Amounts due to: | |||
| Cheshire East Council | — Various | 60,596 | 55,737 |
| Cheshire East Council | — Loan Principal | 580,800 | 580.800 |
| Cheshire East Council | — Interest Within One Year | 16,581 | 23,727 |
| Amounts due from: | |||
| Cheshire East Council | 177,682 | 10,506 | |
| Holmes Chapel Parish | Council | 42 |
| I — |
—. | 2021 | 2020 | |
|---|---|---|---|---|
| Rate of increase in salaries | 3.50% | 2.50% | ||
| Rate of increase in pensions payment | 2.80% | 1 .80% | ||
| Discount rate | 2.05% | 2.30% | ||
| Commutation of Pensions to LumpSums | ||||
| Pre April 2008 service | 50% | 50% | ||
| Post April 2008 service | 75% | 75% | ||
| Assumptions are made | to allow future | improvements to | ||
| mortality rates. | ||||
| Mortality assumptions | ||||
| Life expectancy at 65 | ||||
| Retiring today | ||||
| Male | 21.4 years | 21.2 years | ||
| Female | 24.0 years | 23.6 years |
| Retiring in the future | Retiring in the future | ||
|---|---|---|---|
| - | Male | 22.4 years | 21.9 years |
| - | Female | 25.7 years | 25.0 years |
| 2021 | 2020 | |
|---|---|---|
| Equities | 10,503,180 | 9,730,290 |
| Bonds | 9,133,200 | 6,486,860 |
| Property | 2,283,300 | 1,711,110 |
| Cash | 913,320 | 1,144,740 |
| Total Market Value ofAssets | 22,833,000 | 19,079,000 |
| •‘ | 2021 w |
2020 | |
|---|---|---|---|
| £ | £ | ||
| Amounts Recognised In the Statement of Financial | |||
| Activities | |||
| Employer Contribution | (537,000) | (684,000) | |
| Past Service Cost | |||
| Current Service Cost | 935,000 | 1,644,000 | |
| Expected Return on Pension Scheme Assets | (444,000) | (471,000) | |
| Interest on Pension Liabilities | 610,000 | 660,000 | |
| Total | 564,000 | 1,149,000 | |
| Actual Return on Scheme Assets | 3,298,000 | 13,000 | |
| Movements In the Present Value ofthe Defined Benefit | |||
| Obligation were as follows: | |||
| Opening Defined Benefit Obligation | 26,136,000 | 25,708,000 | |
| Contributions by Employees | 191,000 | 230,000 | |
| Actuarial Losses/ (Gains) | 11,921,000 | (1,717,000) | |
| Benefits Paid | (272,000) | (389,000) | |
| Interest Cost | 610,000 | 660,000 | |
| Current Service Cost | 935,000 | 1,447,000 | |
| PastService Cost | - | 197,000 | |
| Closing Defined Benefit Obligation | 39,521,000 | 26,136,000 |
| 2021 | 2020j | |
|---|---|---|
| £ | ||
| -- | ||
| Movements In The FairValue of Everybody’s Shore of | ||
| Scheme Assets: | ||
| Opening FairValue ofScheme Assets | 9,079,000 | 18,541,000 |
| Interest Income | 444.000 | 471,000 |
| Actuarial Gains and (Losses) | 2,854,000 | (458,000) |
| Contributions by Employer | 537,000 | 684,000 |
| Contributions by Employee | 191,000 | 230,000 |
| Benefits Paid | (272,000) | (389,000) |
| Closing Fair Value ofScheme Assets | 22,833,000 | 19,079,000 |
| Annual Total | Within the First Year |
Within the Second to Fifth Years Inclusive |
Within the Second to Fifth Years Inclusive |
Over Five Years |
|---|---|---|---|---|
| La | £ | £ | ||
| 01 Apr 2020—31 Mar2021 | 31,991 | 23,272 | ||
| 01 Apr2019—31 Mar2020 | 172,668 | 16,684 |
| Annual Total | Within the First Year |
Within the Second to Fifth Years Inclusive |
Over | Five Years | |
|---|---|---|---|---|---|
| — | |||||
| Jr | L | £ | £ | a | |
| 01 Apr 2019—31 Mar2020 | |||||
| Gross Lease Payments Due | 237,074 | i tool ,035 | |||
| Less Interest Charge | (28,575) | (70,413) | |||
| Net Lease Charges Due | 208,498 | 930,622 | |||
| 01 Apr2020—31 Mar2021 | |||||
| Gross Lease Payments Due | 365,457 | 661,900 | |||
| Less InterestCharge | (33,376) | (36,452) | |||
| Net Lease Charges Due | 332,081 | 625,448 |
| Financial Assets thatare Debt Instruments Measured at | ||
|---|---|---|
| Amortised Cost: | ||
| Trade debtors | 622,335 | 395,094 |
| Accrued Income | 55,024 | 212,563 |
| Total | 677,359 | 607,657 |
| Financial Liabilities Measured at Amortised Cost: | ||
| Trode creditors | 94,139 | 329,345 |
| Loans | 580,800 | 580,800 |
| Finance Leases | 957,529 | 1,166,237 |
| Accruals | 857,624 | 224,624 |
| Othercreditors | 74,670 | 162,660 |
| Total | ||
| Cash and Term Deposits Total | I’ | 1,152,999’ |