2022-03-31-accounts

Trustees, Directors,Principal Officers&Advisors	3
ChiefExecutive's Report	4
Trustees' AnnualandStrategic Report	7
IndependentAuditors Report	37
StatementofFinancial Activities	41
BalanceSheet	42
CashflowStatement	43
Notes to Financial Statements	45

Area	Inactive (<30)	Fairlyactive I (30-149)	Active 'I ( 150+)
England	27.2%(+0.1%)	11.5%(no change)	61.4%(no change)
North West	28.7%(-0.8%)	11.2%(-0.2%)	60.1%(+1%)
CheshireEast	23.8%(+O.1%)	9.2%(+0.1%)	67.1%(-0.1%)
Cheshire West	21.6%(-3.1%)	10.1%(+1.5%)	68.3%(+4.6%)
Warrington	26.7%(-3.9%)	12.1%(+1.8%)	61.1%(+1.9%)

Working as	We willallworktothecommongoalofproviding'leisurefor
one	life'andsupporteachotherin allwedo.
Trustedand	Werespectandvaluethe input ofevery personandatall
honest	timesactwith integrityand respect.
Intheservice	Wewillprovidefirstclass facilities a nd services thatarewell
ofothers	maintained, inviting, a ndvaluedbyourc ustomers.
Free todo ourBest	Ourc ultureandbusinessprocesses willsupportpeople to actontheirowninitiative - with innovationbeing recognisedandrewarded.
Caring for all	We willactivelyseek toinvolveeveryone in allcommunities, working inpartnership andwithapassionforpeople.

Trustees' Report&Financial Statem	ents fortheYear Ended31,1Morch2022	ents fortheYear Ended31,1Morch2022
PrincipalRisks	Current Controls& Future Action Plan Mitigating Actions
MajorCapital investmentplans withdrawnorscaled down,results in major service disruptionor unachievabletargets	Capitalinvestment completeat Sandbach,Alsager, Nantwichand Macclesfield, with Congleton,Creweand Middlewichinthe pipeline.	Continuewiththe"Five TownsBusinessCase" tosecure future membershipgrowth whichwillcontinueto promote"Leisure for Life"
NationalCOVID - 19 outbreakresulting in site closures	Allsitesadheretoall governmentand governingbody requirementsand guidance.A safetyfirst policyisinplacein everyoperational decision	Continuewithsafety firstapproach
ChangestoCouncil commissioned services resulting inlossof service,reputational andfinancialimpact	Fixingthe managementfeeto reflectcontractual commissioned services meansanychanges will require extensive publicconsultation.	Reputational consequenceswillbe managedthrough Everybody's communicationplans with CheshireEast Councilleadingonits policychanaes.
Inaccurateor inadequatefinancial information resulting in poordecisionmaking	Strengthenedfinance teamwithtwonew staffwhonowwork closelywithsites.New financial systemwent liveApril 2017.	~~Improvedreporting~~ madeon amoretimely basis.Budgetholders can"self-serve"and key areasofthe businessarekeptunder close scrutinv.
Inadequate pension planningresultsin additionalcostsand recruitmentissues	~~Three-year revaluation~~ fundedbyCheshire EastCouncil - increase Current arrangements of£175kperannum. withLGPSinplace,fully Negotiationsunderway fundedbyCheshire with Cheshire EastBC EastCouncil for a "pass-through" agreement,similarto otherCouncil Alternative Service Delivery Vehicles

19th

Yn1':e"Stri~tedRestricted NGtes fands Funds 20'21-2~ 2028-21 £ £ £ £

Income: DonationsandLegacies 2 4,118,107 4,118,107 4,422,735 CharitableActivities 3 9,024,076 9,024,076 2,239,383 OtherTrading Activities 4 375,796 375,796 38,399 InvestmentIncome 1,074 1,074 241 Grants&Contracts 5 4,768,225 4,768,225 9,403,319 TotalIncome 18,287,278 18,287,278 16,104,077 Exgenditureon CharitableActivities Other Trading Activities 6 509,412 509,412 392,096 CharitableActivities 7 18,936,569 18,936,569 16,463,705 NetGains/(Losses)on investments Total Expenditure 19,445,981 19,445,981 16,855,801 NetIncome/ (Expenditure) ( l , 158,703) (l,158,703) (751,724) Transfers Between Funds OtherRecognised Gains/(Losses) Actuarial Gains/(Losses) onDefined Benefit Pension Schemes 5,372,000 5,372,000 (9,067,000) NetMovement 4,213,297 4,213,297 (9,818,724) Total Funds Brought Forward (16,277,634) - (16,277,634) (6,458,910) Total FundsCarried Forward (12,064,337) - (12,064,337) (16,277,634)

		Note	31Mar22	31Mar21
			£	£
	Fixed Assets:
	IntangibleFixedAssets	11		2,923
	Tangible FixedAssets	12	1,608,905	1,900,531
	Total Fixed Assets		1,608,905	1,903,454
	Current Assets:
	Stocks		65,910	67,382
	Debtors	13	475,540	677,359
	Cashatbankandinhand		1,534,827	1,770,580
	TotalCurrentAssets		2,076,277	2,515,321
	Liabilities:
	Creditors:amountsduewithinone-year	14	(2,600,790)	(3, l 04,562)
	Net Current Assets/(Liabilities)		(524,513)	(589,241)
	TotalAssetsLessCurrent Liabilities		1,084,392	1,314,213
	Creditors:amountsfallingdueafterone-year	15	(470,729)	(903,848)
	NetAsset or Liabilitiesexcludingpension Asset or
	Liability		613,663	410,366
	DefinedBenefit PensionSchemeAsset or Liability		(12,678,000)	(16,688,000)
	TotalNetAssetsorLiabilities		(12,064,337)	(16,277,634)
	Funds oftheCharity:
	Unrestricted Funds		450,554	275,111
	Unrestricted DesignatedFunds		163,109	135,255
	Pension Reserve	18	(12,678,000)	(16,688,000)
	TotalFunds		(12,064,337)	(16,277,634)

		01April	2n21-	GlApril2820-
		31March 2t22		31March2'021
		£
	CashFlows from operating activities
	Net cash (outflow)/inflow from
	operatingactivities		642,224	617,340
	CashFlows from investing activities
	CapitalExpenditure	(711,051)
	InterestIncome		1,074	241
	CashFlows from financing activities
	Loan Received
	LoanRepayment	(168,000)
	lncrease/(Decrease)incashin
	period	(235,753)		617,581
	Cash&Cash equivalentsatthe
	beginningofthereportingperiod	1,770,580		l,152,999
	Cash& Cash equivalentsattheend
	ofthereporting period	1,534,827		1,770,580	2

	01April2021-	01April20-20-
	3:1Mqrch2022	3:1Me,ch2&21
	£	£
Netmovementinfunds for the reporting period
(asper the statement of financial activities)	(1,158,703)	(751,724)
Adjustments for:
Pension Service Cost	1,362,000	564,000
Depreciationcharges	373,603	192,018
InterestIncome	(1,074)	(241)
(lncrease)/decreasein stocks	1,472	31,077
(lncrease)/decreaseindebtors	201,819	(69,702)
Increase/(decrease) in creditors	(136,893)	651,912
Net cash providedby(used in) operating
activities	642,224	617,340

				01April20-21-	01April202f>-
				31March20-22	3:1Mq1eh2~1
				£	£
	Cash	inhand		1,534,827	1,770,580
	Total	cash& cashequivalents		1,534,827	1,770,580

	AsoU)l April2021 £ €.ash AsatSil Ffgws M~eh2822 £ £
Cash Cashequivalents Overdraft facility repayableon demand Loansfallingduewithin oneyear Loansfallingdueaftermorethanone year Finance lease obligations Total	1,770,580 (302,400) (278,400) (957,529) 232,251 (235,753) 1,534,827 (235,753) 168,000 (134,400) (278,400) 631,998 (325,531) 564,245 796,496

Asset	Lifespan	Rate
Property	24years orthelifeofapropertylease ifless	4.2%
Property Refurbishment	5 years	20%
Gym/StudioEquipment	5 years	20%
General Equipment	5 years	20%
Computers/IT	5 years	20%

Income: DonationsandLegacies 2 4,118,107 Charitable Activities 3 9,024,076 Other Trading Activities 4 375,796 InvestmentIncome 1,074 Grants&Contracts 6 4,768,225 TotalIncome 18,287,278 Ex12enditure on Charitable Activities Other Trading Activities 6 509,412 Charitable Activities 7 17,574,569 Total Expenditure 18,083,981 NetIncome(Expenditure) 203,297 TransfersBetweenFunds Operating Surplus/ (Deficit) 203297 -

4,118,107 9,024,076 375,796 1,074 4,768,225 18,287,278 509,412 17,574,569 18,083,981 203,297 203 297 4,422,735 2,239,383 38,399 241 9,403,319 16,104,077 392,096 15,899,705 16,291,801 (187,724) (18772!1)

Miscellaneous	2,969
UseofBuildingsOwnedbyCheshireEastBC	4,059,138	4,362,735
UseofBuildingsOwnedbyHolmesChapel ParishCouncil	56,000	60,000
TotalIncome	4,118,107	4,422,735

OperationalFacilities	9,004,187	2,233,703
Partnership&LeisureDevelopment	19,889	5,680
TotalIncome	9,024,076	2,239,383

Bar&CateringIncome	375,796	38,399
TotalIncome	375,796	38,399

	8:1April 2021- 81"prll2010- 3,1MQreil2f)l2 »¥•~~.., £ £
CECManagement&OperationalFee's CEC Support Services Bikeability Health OtherSources FurloughGrant NationalLeisureRecoveryFundGrant COVID - LocalSupportGrant TotalIncome	2,530,443 3,825,482 100,500 100,485 250,309 91,243 72,488 49,659 88,054 8,812 719,640 4,571,071 710,791 251,000 296,000 505,567 4,768,225 9,403,319

	01Apdl2&21- 3:1«\Qrcb 2822		01April2820- 3'1Moreb2.oa,
	£		£
Staff Costs		328,000		366,076
Bar&CateringPurchase		181,412		26,020
TotalExpenditure		509,412		392,096

	0peraional Pc11mership& 01April2,0,21· 31 01Amll2Q'lt>• 31 faeilffies leisureBev M._areti,m M,rehlOtl £ £ £
Salary,NI&Pensions IndirectEmployeeCosts PensionServiceCosts PropertyCosts Transport-Other Supplies&Services FinancingCosts Support&MarketingCosts GovernanceCostsReallocated Total0lApril2021-31March2022 Total01Aprll2020-31March2021	7,466,880 428,979 7,895,859 7,245,846 45,303 14,621 59,924 89,105 1,196,682 26,728 1,223,410 461,798 4,341,930 4,341,930 4,584,369 1,431 2,564 3,995 3,477 1,381,428 321,926 1,703,354 717,624 618,993 13,348 632,341 555,091 2,899,376 155,664 3,055,040 2,783,224 19,161 1,555 20,716 23,171 17,971,184 965,385 18,936,569 16,463,705 15,812,680 651,025

Salary, NI & Pensions		l,111,892		l,111,892	1,741,858
IndirectEmployeeCosts		479,303		479,303	138,320
PensionServiceCosts		138,590		138,590	102,202
PropertyCosts		95,094		95,094	39,166
Transport - Other		7,457		7,457	5,924
Supplies & Services		l,119,494	20,716	l,140,210	722,675
FinancingCosts		103,210		103,210	56,250
Total		3,055,040	20,716	3.075,756	2,806,395

Salaries	8,326,272	7,945,273
Social Security Costs	513,966	459,049
Pension Costs	716,319	660,055
Total	9,556,557	9,064,377

Total Employee
B nefits£	No.OfEmlo ees 2022
60,000 - 69,999			2
70,000-79,999		2
80,000-89,999
90,000-99,999
100,000-109,999
Total		3	3

22	**No. **
Leisure FacilitiesandLeisureDevelopment	562
Taste for LifeandHealth	40
Support ServicesandAcademy	44
Total	646
2021	No.
Leisure FacilitiesandLeisureDevelopment	649
Taste for LifeandHealth	51
Support ServicesandAcademy	47
Total	747

Cost Balanceasof01April2021 Additions Asat31March2022 Amortisation Asat01April 2021 Inyearcharges Asat31March2022 NetBookValue Asat01April2021 Asat31March2022	89,575 89,575 86,652 2,923 89,575 2,923~~I~~ -I 89,575 89,575 86,652 2,923 89,575 2,923~~I~~ ~~-I~~

Cost: Balanceasof01April2021 Balance asof01April2021(Finance Lease) Additions Transfers -terminationofFinance Leases Additions (FinanceLeases) Asa t31March2022 Depreciation: Balanceasof01April2021 Balanceasof01April2021(Finance Lease) ChargefortheYear ChargefortheYear (FinanceLeases) Asat31March2022 NetBook Value Asat01April2021 Asat31March2022		669,917 324,628 76,744 544,648 1,615,937 1,475,313 114,891 64,482 1,654,686 312,696 8,454 33,963 355,113 310,084 29,364 16,490 355,938 669,917 2,422,722 229,453 659,583 3,981,675 150,981 217,467 52,764 251.722 672,934 600,784 61,729 34,645 697,158 146,892 113,01 l 15,769 95,008 370,680 548,998 53,163 29,837 631,998 297,873 1,480,260 183,425 411,213 2,372,770 518.9361 1 981.6901I n.14311 322,7621 1 1,900,5311 372,0441I 942,4621~~I~~ 46.02811 248,37111 1,608,9041

Cost: Balanceasof01April2021 Additions Asat31March2022 Depreciation: Balanceasof01April2021 DepnChargefortheYear TransferofLeases Asat31March2022 NetBookValue Asat0 1 April2021 Asat31March2022	1,475,313 1,475,313 600,784 238,914 310,084 1,149,782	114,891 114,891 61,729 23,798 29,364 114,891	64,482 64,482 34,645 13,347 16,490 64,482
	874,5291	53,1621
	325,5311

13.Debtors
TradeDebtors PrepaymentsandAccruedIncome Asat31March2022		248,913 226,627 605,422 71,937
		475,540 677,359

Trade Creditors AccrualsandDeferredIncome TaxationandSocial Security Loans Finance Leases OtherCreditors Asat31stMarch2022 nalysis of DeferredIncomeMovement	Trade Creditors AccrualsandDeferredIncome TaxationandSocial Security Loans Finance Leases OtherCreditors Asat31stMarch2022 nalysis of DeferredIncomeMovement	390,765 1,702,801 155,640 134,400 133,202 83,982	58,849 1,849,514 487,048 302,400 332,081 74,670 3,104,562
		2,600,790
			484,443 12,376 18,584 74,586
Te1elIn IJefelfr~dlnGffle Braugf:'itFGrward :Year 2021 9eferral £ £ T
- Annual Memberships 244,190 933,550 - Facility Bookings 12,376 - LearnToSwimScheme 14,398 4,186 - MembershipsIncome receivedinMarch 42,341 32,245 - VariousotherProjects 7,246 - National Leisure Recovery Fund 650,542 Total Funds 958,717 982,357 693,297 7,246 650,542 1,351,085
	958,717 982,357 1,351,085		589,989

PrincipalLoan RepaymentsRepayable Betweenlto5 Years Principal LoanRepaymentsRepayableAfter 5 Years Principal Finance Lease Repayable Betweenl to5 Years Total	278,400 278,400 192,329 625,448
	470,729 903,848

PensionReserve			( 1,362,000)	5,372,000
DesignatedFunds
- Staff Membership Scheme	87,226				18,123	105,349
-TrainingAcademy	5,100				(5,100)
- Systems Upgrade	23,574				(23,574)
-CapitalContributions Received	19,355				( 1,019)	18,336
- ManagementTraining					39,424	39,424
Total DesignatedFunds	135,255				27,854	163,109
TotalFunds	(16,277,634)	18,287,278	(19,445,981)	5,372,000	.	(12,064,337)

Unrestricted 312,173 16,104,077 (16,291,801) PensionReserve (7,057,000) (564,000) (9,067,000) Designated Funds - Staff Membership 76,296 Scheme -TrainingAcademy 5,100 - SystemsUpgrade 47,147 -CapitalContributions 20,374 Received -CommunityProjects 137,000 TotalDesignatedFunds 285,917 TotalFunds (6,458,910) 16,104,077 (16,855,801) (9,067,000)	150,662 275,111 (16,688,000) 10,930 87,226 5,100 (23,573) 23,574 (1,019) 19,355 (137,000) (150,662) 135,255 . (16,277,634)

		Unrestricted	li>eslgnated	TotalFunds
	AnC!Jl,.sisofNe'fAssetsbetweenFunds	Funds	F1:mds	2022
		£	£	£
	TangibleFixed Assets	1,608,905		1,608,905
	Current Assets	1,913,168	163,109	2,076,277
	Creditors:amounts fallingduewithin one year	(2,600,790)		(2,600,790)
	Creditors:amountsfalling dueafterone year	(470,729)		(470,729)
	PensionLiability	(12,678,000)		(12,678,000)
	Total	(12,227,446}	163,109	(12,064,337}

		UnrestriGted	li>esignateGI	TGtalFunds
	Anra1,1is~fNetAssetsbefWeenFunds	**Funt.II **	Funeils	282)
		£	£	£
	IntangibleFixedAssets	2,923		2,923
	TangibleFixedAssets	1,900,531		1,900,531
	CurrentAssets	2,380,066	135,255	2,515,321
	Creditors: amountsfalling duewithin one year	(3,104,562)		(3,104,562}
	Creditors:amounts falling dueafterone year	(903,848)		(903,848}
	Pension Liability	(16,688,000)		(16,688,000}
	Total	(16,412,890}	135,255	(16,277,635}

	01April20,21- 01April2020- 31March2022 31Marc;h2~1 £ £
Donations&Legacies -CEC 4,059,138 4,217,311 II II -HCPC 56,000 58,000 GrantsandContracts -CEC 2,630,943 3,925,967 Loan InterestandPrincipal Repaid -CEC 24,754 24,754 CharitableExpenditure -CEC 4,172,502 4,330,675 II II -HCPC 56,000 58,000 Everybody Foundation 626

Amountsdueto:
Cheshire EastCouncil- Various	251,948	60,596
CheshireEast Council - Loan Principal	278,400	580,800
Cheshire East Council - Interest WithinOneYear	9,515	16,581
Amountsduefrom:
Cheshire EastCouncil	206,879	177,682
HolmesChapelParishCouncil	225

	2022	2021
Rateofincreaseinsalaries	3.85%	3.50%
Rateofincreaseinpensions payment	3.15%	2.80%
Discount rate	2,75%	2.05%
Commutationof Pensions to LumpSums
Pre April 2008 service	50%	50%
Post April 2008 service	75%	75%
Assumptionsaremadetoallowfuture improvementsto
mortality rates.
Mortality assumptions
Lifeexpectancyat65
Retiringtoday
Male	21.2 years	21.4 years
Female	23.8years	24.0 years
Retiring inthe future
Male	22. l years	22.4 years
Female	25.5 years	25.7 years

		2022	**2021 **
		£	£
	Equities	10,506,300	l 0,503, 180
	Bonds	l 0,256, 150	9,133,200
	Property	2,751,650	2,283,300
	Cash	1,500,900	913,320
	TotalMarketValueof Assets	25,015,000	22,833,000

	Amounts RecognisedintheStatement of Financial
	Activities
	Employer Contribution	(585,000)	(537,000)
	Past Service Cost
	Current Service Cost	1,595,000	935,000
	ExpectedReturnonPensionSchemeAssets	(473,000)	(444,000)
	InterestonPension Liabilities	825,000	610,000
	Total	1,362,000	564,000
	Actual Return onSchemeAssets	1,666,000	3,298,000
	Movementsinthe PresentValueoftheDefined Benefit
	Obligationwereas follows:
	OpeningDefined BenefitObligation	39,521,000	26,136,000
	ContributionsbyEmployees	196,000	191,000
	ActuarialLosses/ (Gains)	( 4, l79,000)	l l,921,000
	Benefits Paid	(265,000)	(272,000)
	Interest Cost	825,000	610,000
	Current Service Cost	1,595,000	935,000
	Past Service Cost
	Closing Defined Benefit Obligation_	37,693,000	39,521,000
		202£	2021
		£	£
	MovementsinThe FairValueof Everybody's Share of
	SchemeAssets:
	OpeningFair ValueofSchemeAssets	22,833,000	19,079,000
	InterestIncome	473,000	444,000
	Actuarial Gainsand(Losses)	1,193,000	2,854,000
	ContributionsbyEmployer	585,000	537,000
	ContributionsbyEmployee	196,000	191,000
	Benefits Paid	(265,000)	(272,000)
	Closing FairValueofSchemeAssets	25,015,000	22,833,000

01Apr2020-31Mar2021 Gross Lease Payments Due LessInterestCharge NetLease ChargesDue 01Apr2021-31Mar2022 Gross Lease Payments Due LessInterestCharge NetLease ChargesDue	365,457 661,900 (33,376) (36,452) 332,081 625,448 143,028 199,270 (9,827) (6,941) 133,201 192,329

	2022 2021 £ £
Financial Assets thatareDebt InstrumentsMeasuredat Amortised Cost: Tradedebtors AccruedIncome Total Financial LiabilitiesMeasuredatAmortised Cost: Trade creditors Loans Finance Leases Accruals Othercreditors Total CashandTerm Deposits Total ' 335,903 139,637 475,540 390,765 412,800 325,531 1,112,813 83,982 2,325,891 1,534,827 622,335 55,024 677,359 94,139 580,800 957,529 857,624 74,670 2,564,762 1,770,580