||||Page| |---|---|---|---| |Report ofthe Trustees|||1 to 7| |Report ofthe Independent||Auditors|8 to 10| |Statement ofFinancial|Activities||| |Balance Sheet|||12to 13| |Cash Flow statement|||14to 15| |Notes to the Financial|Statements||16to 27| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||31.3.22|31.3.21| |---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total|Total| |||||funds|funds|funds|Funds| ||||Notes||||| |INCOME|||||||| |Income from charitable|activities:||||||| |Grant income|||2|5183842|659,850|1,178,692|2,147,891| |Operation
ofleisure and|arts facilities||3|4,221,040|11,512|4,232,552|1,651,094| |Other income||||304 468||~304 468|| |Total income||||5,044,350|671,362|5,715,712|3,798,985| |EXPENDITURE|||||||| |Raising funds|||4|605,428||605,428|317,810| |Charitable
activities:|||||||| |Operation ofleisure and|arts facilities||5|4,500400|658,961|5,159,261|3,113,509| |Other|||||||| |Balance ofpension
scheme operating
charge
Net interest on pension scheme liability|||18
18|528,000
10~ 000||528,000
~104 000|312,000
~71 000| |Total expenditure||||5,737,728|658,961|6/96,689|3,814,319| |NET EXPENDITURE||||(693878)|12,401|(680,977)|(15,334)| |Other recognised
gains|and losses||||||| |Pension scheme actuarial|(loss)/gain||18|I 616 0011||~1616000|~1,293 000)| |NKT MOVEMENT IN|FUNDS|||922,622|12,401|935,023|(1,308,334)| |RECONCILIATION
OF FUNDS|||||||| |Total funds brought
forward||||(4,483,007)|372,825|(4,110,182)|(2,801,848)| |TOTAL FUNDS CARRIED FORWARD||||~156038|3115226|~3175159|14110.1822| ## |||31.3.22|31.3.21| |---|---|---|---| ||Notes||| |FIXED ASSETS|||| |Tangible
assets|10||| |CURRENT ASSETS|||| |Stock|ll|91,337|76,361| |Debtors|12|487,276|256,571| |Cash at bank and in hand||~691 45|875 415| |||1,269,958|1,208,347| |CURRENT LIABILITIES|||| |Amounts
falling due within one year|13|(510,117)|(399,529)| |NET CURRENT ASSETS||759,841|808,818| |TOTAL ASSETSLESSCURRENT LIABILITIES||759,841|808,818| |NET ASSETSEXCLUDING PENSION|DEFICIT|759,841|808,818| |PENSION SCHEME DEFICIT|18|(3,935,000)|(4,919,000)| |NKT LIABILITIES INCLUDING PENSION DEFICIT||~3175 159|~411tl 182| |FUNDS|||| |Unrestricted
funds|16|374,615|435,993| |Restricted funds|17|385,226|372,825| |Pension scheme deficit||I33935000|~4919 tl0tl| |TOTAL It'UNDS||~3875159|~4,110182| ## ## |||||31.3.22|31.3.21| |---|---|---|---|---|---| ||||Notes||| |Cash flows from charitable|activities||||| |Cash generated
trom activities||||(184,070)|142,616| |Net cash from charitable
activities||||(184,070)|142,616| |Cash flows from fluauclng|activities||||| |Capital repayments
in the year|||||| |Net cash from financing
activities|||||| |Increase/(decrease)
ln cash|and cash equivalents|||(184,070)|142,616| |Cash and cash equivalents|at the beginning|ofthe year|2|875,415|732,799| |Cash and cash equivalents|at the end ofthe|year|2|691445|875,415| ## |RECONCILIATION
OFDEFICIT TO CASH GENERATED FROM ACTIVITIES|RECONCILIATION
OFDEFICIT TO CASH GENERATED FROM ACTIVITIES|RECONCILIATION
OFDEFICIT TO CASH GENERATED FROM ACTIVITIES|RECONCILIATION
OFDEFICIT TO CASH GENERATED FROM ACTIVITIES|RECONCILIATION
OFDEFICIT TO CASH GENERATED FROM ACTIVITIES|| |---|---|---|---|---|---| |||||313.22|31.3.21| |||||f|| |Surplus/(deficit)|for the year|||935,023|(1,308,334)| |Loss ofdisposal|ofinvestment|assets|||2| |||||935,023|(1,308,332)| |Increase in stocks||||(14,976)|(10,731)| |Increase in trade|and other debtors|||(230,705)|(172,495)| |Increase/(decrease)
in trade and||other creditors||110)588|(41,826)| |(Decrease)/increase
in pension||scheme liability||(984,000)|1,676,000| |Cash generated|from charitable||activities|(184,070)|142,616| ## ## |Year|ended 31u March 2022||| |---|---|---|---| |||31.3.22|1.4.21| ||||5| |Cash|and cash equivalents|691845|875,415| |Year|ended 31u March 2021||| |||31.3.21|1.4.20| |Cash|and cash equivalents|875,415|732,799| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |CHAR1TABLE ACTIV|ITIES - GRANT INCOME||| |---|---|---|---| |||313.22|31.3.21| |Sport England||244,135|96,974| |The National
Lottery Fund||181,700|| |Lancashire
County Council||176,366|28,883| |Burnley Borough Council||97,721|256,987| |Bumley, Pendle and Rossendale CVS||95,000|47,500| |Restart||80,000|| |Arts Council England||44,364|336,600| |Partner contributions||43,295|| |HAF||40)950|| |Job Retention
Scheme Grant||40,919|1,079,445| |Business Health Matters||28,731|| |Local Authority
COVID|Grants|28,132|250,381| |Clinical Commissioning|Group|27,000|30,000| |Sponsorship||17,379|| |Canal and River Trust||15,000|5,071| |Stocks Massey||3,000|5,000| |Community
Foundation
Lancashire
Care|||8,000
~3050| |Total||~1178692|2 147891| ## |CHARI|TABLE ACTIVITIES|—OPERATION OF FACILITIES||| |---|---|---|---|---| ||||31.3.22|31.3.21| ||||f|| |Burnley|Borough Council annual|contract fee|526,383|529,634| |Income|from the operation ofleisure and arts facilities||~3706 169|1 121,460| ||||~4 232 552|1 651 094| ## ## |RAISING|FUNDS|||||| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||Funds|Funds|313.22|31.3.21| ||||||f.|| |Staff costs and allowances|||275&178||275,178|218,798| |Premises|expenses||55,410||55,410|19,347| |Services|and supplies||142,201||142,201|52,383| |Transport|expenses||706||706|1,807| |Agency and contracted services
Business and technical support||(see note 6)|106,045
~25 888||106,045
~25 888|25 475| ||||605,428||~605 428|317,810| |In 2021,ofthe total costs raising||funds, anil|was restricted
and|f317,810was|unrestricted
funds.|| |COSTS OF CHARITABLE ACTIVITIES||||||| ||||Unrestricted|Restricted|Total|Total| ||||Funds|Funds|31.3.22|31.3.21| ||||||f|| |Staffcosts and allowances|||2,476,604|345,716|2,822/20|2,190,901| |Premises|expenses||498,688|9)525|508,213|175,258| |Supplies|and services||1,279,808|303,409|1,583,217|493,587| |Transport|expenses||6@54|311|6,665|16,401| |Agency and contracted services||||||| |Business and technical support
Governance
costs (see note 6)||(see note 6)|232,996
~5850||232,996
~5.850|231,512
5 850| ||||4,500,300|~658961|~5 159261|3 113509| ## ## |GOVER|NANCE
AND SUPPORT C|OSTS|||| |---|---|---|---|---|---| |||||31.3.22|31.3.21| |||Unrestricted|Restricted|Total|Total| |||funds|funds|funds|Funds| |||f|f||| |Business|and technical support|258,884||258,884|256,987| |Audit services||5)000||5,000|5,000| |Non-audit|services|850||850|850| |||~264 734||~264 734|262,837| ## ## ## ## ## ## |STAFF COSTS||||||| |---|---|---|---|---|---|---| ||||||31.3.22|31.3.21| |Wages and salaries|||||2,559&761|1,980,568| |Social security costs|||||175372|142,311| |Other pension costs|||||~362
65|~270 348| ||||||~3097498|2 393227| |The average monthly|number ofemployees|during||the year was as follows;||| ||||||313.22|31.3.21| |Employees|||||152|150| |Employees
earniug|more than I60,000 during||the|year:||| ||||||313.22|31.3.21| |f60,001- 670,000||||||| |BURNLEY LEISURE
(A COMPANY LIMITED BYGUARANTEE)|BURNLEY LEISURE
(A COMPANY LIMITED BYGUARANTEE)||| |---|---|---|---| |NOTES TO THE FINANCIAL STATEMENTS|||| |FOR|THE YEAR ENDED 31STMARCH 2022||| |10.|TANGIBLE FIXEDASSETS||| ||||Fixtures| ||||and| ||||fittings| ||||f.| ||COST||| ||At 1stApril 2021||50,000| ||Additions||| ||At 31stMarch 2022||~50 000| ||DEPRECIATION||| ||At 1st April 2021||50,000| ||Charge for year||| ||At 31stMarch 2022||~50 000| ||NET BOOKVALUE||| ||At 31stMarch 2022||| ||At 31stMarch 2021||| |11.|STOCK||| |||312.22|31.3.21| ||Leisure centre stock|8,710|11,533| ||Towneley golf stock|30,540|18,862| ||Bar and catering|~52 087|45 966| |||~91 337|76361| |12.|DEBTORS:AMOUNTS FALLING DUE~ONK YEAR||| |||31.3.22|31.3.21| |||5|| ||Trade debtors|464,744|249,552| ||Prepayments
and accrued income|14,879|2,172| ||Other debtors|~7653|4,847| |||~487 276|256 571| ## |CREDITORS: AMOUNTS FALLING DUE WITHI|N ONE YEAR|| |---|---|---| ||31.3.22|31.3.21| |Trade creditors|252,040|185,608| |Accruals and deferred income|~258 077|213921| ||~510 117|~399 529| ## |The fol|lowing
operating
lease payments
are committed|to be paid within one year:|| |---|---|---|---| |||31.3.22|31.3.21| |Expiry|date:||| |Within|1 year|18,524|21,319| |Between one and five years||~16381|34 186| |||~34
05|55,505| ## |ANALY|SIS OF NET LIABILITI|ES BETWEEN FUNDS|||| |---|---|---|---|---|---| |||||31.3.22|31.3.21| |||Unrestricted|Restricted|Total|Total| |||funds|funds|funds|Funds| |||I|f.||| |Fixed assets|||||| |Current|assets|884,732|385&226|1,269,958|1,208,347| |Current|liabilities|(510,117)||(510,117)|(399,529)| |Pension|scheme deficit|~3935000)||(3~935,000)|(4919,000)| |||~3,560
85)|~385226|(3~175159)|(4,110 182)| ## ## |UNRESTR|ICTED FUNDS||||| |---|---|---|---|---|---| |||Pension|General|Designated|Total| |||deticit|funds|funds|funds| |Balance at|1"April 2021|(4,919,000)|202,384|233,609|(4,483,007)| |Net income|/ (expenditure)|984,000|47,231|(108,609)|922,622| |||~3935000)|~249 615|~125 000|(3~560385)| ## |||At 1"April|Incoming|Outgoing|At 31u March| |---|---|---|---|---|---| |||2021|resources|resources|2022| ||||||K| |Project fund|||||| |Active Streets||89,236|115,698|103,528|101,406| |Arts development||25,000|||25,000| |Awards for All||8,053|2,300||10/53| |Beat the Street||15,000|80378|95,378|| |Boat House||5,000||5,000|| |Culture Recovery||144,888|(49,200)|95,688|| |Cycling project||10,371|||10&371| |Holiday Activities|and Food programme||50,593|30,924|19,669| |Healthy Lifestyles||69,092|306,619|280,965|94,746| |Light up the Town|||14,491|6,042|8,449| |MAPS||6,185||6,185|| |PASTA|||33,000|1301|31,699| |Weight Management|||117,483|~33950|~83 533| |||~372 825|~671 362|~658961|~385 226| ## ## |projected unit actuarial|co|sts method.|Princip|al|actuarial
assumptions
used|by the actuary were|as follows:| |---|---|---|---|---|---|---|---| |||||||31.3.22|31.3.21| |||||||12/|| |Rate ofCPI inflation||||||3.20|2.70| |Rate ofincrease in salaries||||||4.70|4.20| |Rate ofincrease in pensions||||||3.30|2.80| |Discount rate||||||2.80|2.20| |Life expectancy ofa|male future pensioner|||aged 65 in 20 years'||23.70|23.90| |time|||||||| |Life expectancy ofa|female future pensiouer||||aged 65 in 20 years'|26,80|26.90| |time|||||||| |Life expectancy ofa|male current pensioner|||aged 65||22.30|22.40| |Life expectancy ofa|female current||pensioner||aged 65|25.00|25.10| |The amounts
recognised||in the balance sheet||are as follows;|||| |||||||31.3.22|31.3.21| |Present value offunded||obligations||||(15,169,000)|(14,454,000)| |Fair value ofplan assets||||||11234 1199|~9,535 000| |Net pension deflcit||||||3 935000|~4919 tl9tl| |Analysis ofamounts|charged to the Statement||||ofFinancial Activities:||| |||||||31.3.22|31.3.21| |Operating
charge|||||||| |Current service cost||||||795,000|565,000| |Past service cost|||||||| |Curtailments||||||76,000|15,000| |Administration
expenses||||||~12000|~10 000| |Total operating
charge||||||~883 000|~590 000| |||||||31.3.22|31.3.21| |Other finance costs|||||||| |Expected return on pension scheme|||assets|||(213,000)|(196,000)| |Interest on pension scheme liabilities||||||~317000|267 000| |Net charge||||||~104000|71 000| |||||||31.3.22|31.3.21| |Total charge to resources expended|||in Statement ofFinancial Activities|||~987 000|661,000| ## ## |Analysis|ofthe actuarial
gain|s and losse|s shown i|n the St|atement|ofFinanci|al|Activities:|| |---|---|---|---|---|---|---|---|---|---| |||||||||31.3.22|31.3.21| |Actuarial|gains on assets|||||||1,174,000|731,000| |Actuarial|losses on liabilities|||||||~42 MO|~2024 000| |Actuarial|gain / (loss) recognised|||||||I 616000|1,293 000| |Changes|in the fair value of|the defined|benefit obligation||are as|follows:|||| |||||||||31.3.22|31.3.21| |Opening|defined benefit obligation|||||||14,454,000|11,631,000| |Current|service cost|||||||795,000|565,000| |Past service cost|||||||||| |Curtailments||||||||76,000|15,000| |Interest|on pension scheme|liabilities||||||317,000|267,000| |Employee
contributions||||||||123,000|106,000| |Actuarial
Benefits|losses
paid
/ transfers||||||(442,000)
~154000||2,024,000
~154.000| |Closing|defined benefit obligations|||||||10169000|14,454,000| |Changes|in the fair value ofplan assets||are as follows;||||||| |||||||||31.3.22|31.3.21| |Opening|fair value ofplan assets|||||||9,535,000|8,388,000| |Expected return on plan assets||||||||213,000|196,000| |Actuarial|gains|||||||1,174,000|731,000| |Employer
contributions||||||||355,000|278,000| |Employee
contributions||||||||123,000|106,000| |Administration
expenses
Benefits paid
/ transfers|||||||(12,000)
~154000||(10,000)
~154,000| |Closing|fair value ofplan assets|||||||11234 Olltl|9 535,000| |The split|ofassets between|investment|categories|is as follows:|||||| |||||31.3.22||31.3.22||31.3.21|31.3.21| |||||8||0/|||0/| |Is(cities||||11,000||0.10||4,472,000|46.90| |Government
bonds||||90,000||0.80|||| |Property||||180,000||1.60||1,354,000|14.20| |Cash/liquidity||||281,000||2.50||210,000|2.20| |Other||||IO 672|0011|95.00||3.499 000|36.70| |||||11234|M II|Illll.|llo|9 535 Ilotl|100.00| ## |mounts
for the current and previous
periods|are as follows:||| |---|---|---|---| ||31.3.22|31.3.21|31.3.20| |Defined benefit obligation|(15,169,000)|(14,454,000)|(11,631,000)| |Plan assets|~tt
34 tl011|9 535 tl00|8 388 000| |(Deficit)/surplus|~3935000|~4919 000|~3243 000| ## ##