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|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|
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|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%)|
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|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withdrawn orscaled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|
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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|
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|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%|
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##
|||||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)|
##
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##
##
##
##
##
##
|||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’|