2022-03-31-accounts - Aneurin Leisure Trust

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Report ofthe	Trustees incorporating	1-35
Report ofthe	Independent Auditors	36-39
Statement of	Financial Activities	40-41
Balance Sheet		42-43
Consolidated	Cash Flow Statement	44
Notes to Financial Statements		45-75

Group surplus pre-FRS 102pension adjustments	504,900
Less excess of FRS102 DBpension cost recognised
in PILL over employer contributions	(1,551,000)
Net outgoing resources per SOFA	(1,046,100)
Add actuarial gain on pension fund	4,677,000)
Net movement in funds per SOFA	3,630,900

Bankers:		Barclays Business Banking	Barclays Business Banking
		South Wales Team
		3"Floor Windsor Court
		3Windsor Place
		Cardiff
		CF103ZL
Solicitors
(Employment	Law):	Capital Law LLP
		Capital Building
		Tyndall Street
		Cardiff
		CF104AZ
Auditors:		Azets Audit Services Limited
		Chartered Accountants	and Statutory Auditors
		1-3Waters Lane Chambers
		Waters Lane
		Newport
		NP20 1LA

					Total	Total
			Unrestricted	Restdicted	funds	funds
		Note	funds	funds	2022	2021
			f	E		f
Income and endowments	from:
Donations and legacies			9,449		9,449	630
Charitable activities			6,620,366	1,057,843	7,678,209	7,638,416
Other trading activities			9,576		9,576	9,479
Total income and endowments			6,639,391	1,057,843	7,697,234	7,648,525
Expenditure on:
Charitable activities		6	7,774,114	969,220	8,743,334	7,829,024
Total expenditure			7,774,114	969,220	8,743,334	7,829,024
Net (expenditure)/income		7	(1,134,723)	88,623	(1,046,1001	(180,499)
Transfers between funds		15,16	1,245	(1,245)
Other recognised gains/(losses):
Actuarial (losses)/ gains	on
defined benefit pension	schemes	20	4,677,000		4,677,000	(5,155,000)
Net movement infunds			3,543,522	87,378	3,630,900	(5,335,499)
Reconciliation of Funds
Total funds brought forward		15,16	(6,989,201)	522,127	(6,467,074)	(1,131,575)
Total funds carried forward		16,17	(3,445,6791	609,505	(2,836,174)	(6,467,074)

						Total	Total
				Unrestricted	Restricted	funds	funds
			Note	funds	funds	2022	2021
				E	E	E	E
Income and endowments		from:
Donations and legacies			3	9,449		9,449	18,596
Charitable activities			4	6,620,366	1,057,843	7,678,209	7,640,509
Totalincome and	endowments			6,629,815	1,057,843	7,687,658	7,659,105
Expenditure on:
Charitable activities				7,764,550	969,220	8,733,770	7,828,602
Total expenditure				7,764,550	969,220	8,733,770	7,828,602
Net (expenditure)/	income			(1,134p735)	88,623	(1,046,112)	(169,497)
Transfers between	funds		15,16	1,245	(1,245)
Other recognised	gains/(losses):
Actuarial(losses)/	gains	on defined
benefit pension schemes			20	4,677,000		4,677,000	(5,155,000)
hlet movementin	funds			3,543,510	87,378	3,630,888	(5,324,497)
Reconciliation of	Funds
Total funds brought forward			15,16	(6,989,194)	522,127	(6,467,067)	(1,142,570)
Totalfunds carried forward			16,17	(3,445,684)	609,505	(2,836,179)	(6,467,067)

			AS	AT31MARCH 2022
				2022		2021
			Note	E
Fixed assets:
Tangible assets					558,137		58,658
Current assets:
Stocks			11	23,677		13,999
Debtors			12	5,061,742		5,466,159
Cash at bank and	in	hand		1,882,967		1,248,082
				6,968,386		6,728,240
Liabilities:
Creditors: Amounts		falling due
within one year			13	(827,098)		(986,972)
Net current assets					6,141,288		5,741,268
Total assets less	current liabilities				6,699,425		5,799,926
Creditors: Amounts		falling due after
more than one year			14		(394,599)
Net assets excluding		pension			6,304,826		5,799,926
liability
Defined benefit	pension scheme
lia bility			20		(9,141,0001		(12,267,000)
Net (liabilities)/	assets				(2,836,174)		(6,467,074)
The funds ofthe	charity:
Restricted income funds			15		609,505		522,127
Unrestricted income		funds	16	1,263,321		845,799
Pension reserve			16	(4,709,000)		(7,835,000)
					(3,445,679)		6,989,201
Total charity funds			17		(2,836,174)		(6,467,074)

					2022	2021
		Note		E
Fixed assets:
Tangible assets		9			558,137		58,658
Investments		10			1		1
					558,138		58,659
Current assets:
Stocks		11		23,677		13,999
Debtors		12		5,065,135		5,469,552
Cash at bank and in	hand			1,881,051		1,246,178
				6,969,863		6,729,729
Liabilities:
Creditors: Amounts	falling	due
within one year		13		(828,581)		(988,455)
Net current assets					6,141,282		5,741,274
Total assets less current liabilities					6,699,420		5,799,933
Creditors: Amounts	falling	due after
more than one year		14			(394,599)
Net assets excluding	pension				6,304,821		5,799,933
liability
Defined benefit pension scheme
liability		20			(9,141,000)		(12,267,000)
Net (liabilities)/ assets					(2,836,179)		(6,467,067)
The funds ofthe chaiity:
Restricted income funds		15			609,505		522,127
Unrestricted income	funds	16		1,263,316		845,806
Pension reserve		16		(4,709,000)		(7,835,000)
					(3,445,684)		(6,989,194)
Totalchanty funds		17			(2,836,179)		(6,467,067)
These financialstatements		were approved	by	the Board of	Directors/Trustees	on ...!....................

				Note	2022	2021
					E	E
Net cash provided by operating activities				20	1,186,749	(633,285)
Cash flows from investing activities:
Purchase ofproperty plant and equipment					(551,864)
Net cash provided used in investing activities					(551,864)
Change in cash and cash equivalents in the	reporting	period			634,885	(633,285)
Cash and cash equivalents at the beginning	ofthe reporting		period	20	1,248,082	1,881,367
Cash and cash equivalents at the end ofthe	reporting	period		20	1,882,967	1,248,082

	Unrestricted	Restricted	Total	Tota I
~Grou	fundsf	funds E	2022 E	2021 f
Donations	1,002		1,002	630
LLT Limited Covenant	8,447		8,447
	9,449		9,449	630
Charity
Donations	1,002		1,002	630
LLT Limited Covenant	8p447		8,447	17,966
	9,449		9,449	18,596

		Unrestricted	Restdcted	Total	Total
		funds	funds	2022	2021
~Grou				E	E
Catering income		872,172		872,172	200,966
Class income		34,694		34,694	14,859
Educational income		21p051		21,051	26,590
Grants		1,092,694	1,057,843	2,150,537	3,610,665
Leisure centre income		1,310,916		1,310,916	221,840
Management fee		2,798,092		2,798,092	3,232,688
Park outdoor activities		236,664		236,664	30,695
Reorganisation funding	Ik recharges				164,555
Room hire and rental		109,687		109,687	67,701
Sale ofgoods		30,438		30,438	4,845
Service Level Agreement		75,304		75,304	55,064
Shows and events		9,086		9,086
Sundry income		29,568		29,568	7,948
		6,620,366	1,057,843	7,678,209	7,638,416
		Unrestricted	Restricted	Total	Total
		funds	funds	2022	2021
Charity		E	E	E	E
Catering income		&72,172		872,172	200,966
Class income		34,694		34,694	14,859
Educational income		21,051		21,051	26,590
Grants		1,092,694	1,057,843	2,150,537	3,610,665
Leisure centre income		1,310,916		1,310,916	221,840
Management fee		2,798,092		2,798,092	3,232,688
Park outdoor activities		236,664		236,664	30,695
Reorganisation funding	&recharges				164,555
Room hire and rental		109,687		109,687	67,701
Sale ofgoods		30,438		30,438	4,845
Service Level Agreement		75,304		75,304	55,064
Shows and events		9,086		9,086
Sundry income		29,568		29,568	10,041
		6,620,366	1,057,843	7,678,209	7,640,509

Grant income was received	from the	following sources:
s~dh		Unrestricted funds	Restricted funds	Total 2022	Tota I 2021
		f	f	f	f
Aneurin Bevan University	Health
Board		722	14,887	15,609
Arts Council ofWales					219,710
Blaenau Gwent County Borough
Council		12,605	49,129	61,734	175,593
Cardiff Council			4,005	4,005
Caerphilly County Borough	Council				11,200
Coleg Gwent		274,079		274,079	279,512
Coronavirus Job Retention	Scheme		82,049	82,049	1,032,412
Denbighshire County Council					5,000
Disability Sports Wales			19,945	19,945	21,311
European Social Fund			477,085	477,085	427,539
Good Things Foundation			2,352	2,352	3,936
Learning &Work Institute			750	750	700
National Heritage			7,911	7,911	5,550
Public Health Wales			103,000	103,000	99,600
Sports Council Wales		41,706	243,210	284,916	252,294
Street Games			26,000	26,000	15,672
WCVA			27,520	27,520
Welsh Government		763,582		763,582	1,060,636
		1,092,694	1,057,843	2,150,537	3,610,665
Income by activity:
			Groupe	Charitye*
			f	f
Training and libraries			1,177,298	1,177,298
Culture, parks and events			996,859	1,006,435
Sports and fitness			2,256,766	2,256,766
Central support services			3,256,735	3,256,735
			7,687,658	7,697,234

			Unrestricted	Restricted	Total	Total
~Grou			funds f	funds f.	2022f	2021 f
Subsidiary	trading	operations	9,576		9,576	9,479
			9,576		9,576	9,479

						Total	Total
Garou		Directf	Support E	Grants E	Governance E	2022 E	2021 E
Agency and
subcontractors		214,076				214,076	49,954
Business support		568,016	62,971		10,925	641,912	679,370
Catering costs		385,375				385,375	93,827
Defined benefit	FRS102
recognised pension
costs(note 19)		2,169,252				2,169,252	1,307,804
Depreciation		51,778				51,778	41,022
Events and show costs		42,755				42,755	891
Irrecoverable VAT		28,496	3,681			32,177	77,425
Other costs		462,076				462,076	440,269
Premises		842,194				842,194	978,700
Reorganisation	costs	75,219				75,219	4,375
Social security		283,130				283,130	274,412
Wages and salaries		3,025,417	507,717	10,256		3,543,390	3,880,975
		Bp147,784	574,369	10,256	10,925	8,743,334	7,829,024
Charity
Agency and
subcontractors		214,076				214,076	49,954
Business support		568,016	62,971		10,925	641,912	679,370
Catering costs		385,375				385,375	93,827
Defined benefit	FRS102
recognised pension
costs (note 19)		2,169,252				2,169,252	1,307,804
Depreciation		51,778				51,778	41,022
Events and show costs		42,755				42,755	891
Irrecoverable VAT		27,380	3,681			31,061	77,007
Othercosts		453,628				453,628	440,265
Premises		842,194				842,194	978,700
Reorganisation	costs	75,219				75,219	4,375
Socia I security		283,130				283,130	274,412
Wages and salaries		3,025,417	507,717	10,256		3,543,390	3,880,975
		8,138,220	574,369	10,255	10,925	8,733,770	7,828,602

						Total	To~el
		Direct	Support	Grants	Governance	2022	2021
~Grou			E		E	E	E
Training	and libraries	1,381,733	152,281			1,534,014	1,633,901
Culture,	parks and
events		1,493,620	130,180	10,256		1,634,056	1,728,740
Sports and fitness		2,636,157	291,908			2,928,065	2,613,610
Central	support
services'		2,636,274			10,925	2,647,199	1,852,773
		8,147,784	574,369	10,256	10,925	8,743,334	7,829,024
Charity
Training	and libraries	1,381,733	152,281			1,534,014	1,633,901
Culture,	parks and
events		1,484,056	130,180	10,256		1,624,492	1,728,320
Sports and fitness		2,636,157	291,908			2,92&,065	2,613,610
Central	support
services*		2,636,274			10,925	2,647,199	1,852,771
		8,138,220	574,369	10,256	10,925	8,733,770	7,828,602

Net incoming	resources are stated after charging:
		Total	Total
G~dh		2022 E	2021 E
Depreciation		51,778	41,022
Operating leases		96,773	60,869
Auditors Remuneration:
Audit fees		9,000	9,250
Accountancy	services	1,500	1,550

STAFF COST	S
		Total	Tota I
~dd	h	2022	2021 f
Wages and	salaries	3,543,390	3,880,976
Social security costs		283,130	274,412
FRS102 Pension service costs (see note 19)		2,169,252	1,157,000
		5,995,772	5,312,388

Staff nu	mbers excluding relief wor	kers:
		Headcount	Headcount	FTE	FTE
G~dh		2022	2021	2022	2021
Training	and libraries	83	79	37.91	38.7
Culture,	parks and events	69	47	31.52	25.3
Sports	and fitness	123	95	56.19	55.9
Central	support services	12	17	5.48	16.8
		287	238	131.1	136.7

	Total	Total
	2022	2021
	E	f
f60,000-f70,000

as as	follows:
		Total	Total
		2022	2021
		E	E
Total	contributions	23,190	22,343

	Plant and	Computer	Fixtures	Motor
	machinery	equipment	and fittings	vehicle	Total
~Grou		E			E
Cost
At 1April 2021	120,739	8,674	55,576	28,125	213,114
Additions	545,245		6,619		551,864
Disposals			(3,033)		(3,033)
At 31March 2022	665,984	8,674	59,162	28,125	761,945
Depreciation
At 1April 2021	81,994	6,541	42,533	23,388	154,456
Charge for the year	38,241	2.133	6,667	4,737	51,778
Disposals			(2,426)		(2,426)
At 31March 2022	120,235	8,674	46,774	28,125	203,808
Net BookValue
At 31March 2022	545,749		12,388		558,137
At 31March 2021	38,745	2 133	13,043	4,737	58,658

			Total	Total
			2022	2021
Profit and Loss Account			E	f
Turnover			9,576	9,479
Admin expenses			(6,711)	(2,511)
Operating profit			2,865	6,968
Statement ofchanges	in Equity
Balance brought forward			1	10,999
Profit and total comprehensive		income for the period	2,865	6,968
Distributions to parent	charity under gift aid		(2,865)	(17,966)
Balance carried forward
Balance Sheet
Current assets:
Cash at bank and in hand			1,911	1,911
Amount owed by parent			1,4&4
			3,395	1,911
Current liabilities:
Amounts owed to group undertakings			3,394	1,910
			3,394	1,910
Net current assets
Capital and reserves:
Called up share capital
Profit and loss reserves

				FOR T	HE YEAR ENDED 31MARC	H 2022
11.	STOCK
	~dd	h				2022 E	2021 f
	Shop items					6,925	6,010
	Food and	bar				16,752	7,989
						23,677	13,999
12.	DEBTORS
	~Grou					2022	2021
						E	E
	Amounts	falling due		within one year:
	Trade debtors					198,160	558,149
	Prepayments		and accrued income			431,582	476,010
						629,742	1,034,159
	Amounts	falling due after one			year:
	Underwritten		pension	balance		4,432,000	4,432,000
						5,061,742	5,466,159
	Charity
	Amounts	falling due		within one year:
	Trade debtors					198,160	558,149
	Amounts	due	from subsidiary		undertakings	3,394	3,393
	Prepayments		and accrued income			431,581	476,010
						633,135	1,037,552
	Amounts	falling due		after one year:
	Underwritten		pension	balance		4,432,000	4,432,000
						5,065,135	5,469,552

			2022	2021
~Grou			f	E
Trade creditors			30,195	56,516
Accruals and deferred	income		580,727	765,551
Social security and other taxes			154,121	164,905
Hire purchase			62,055
			827,098	986,972
Charity
Trade creditors			30,195	56,516
Accruals and deferred	income		580,727	765,551
Social security and other taxes			154,121	164,905
Amounts due to subsidiary		undertakings	1,483	1,483
Hire purchase			62,055
			828,581	988,455

~Gd Ch		2022 E	2021 f
Balance brought	forward	53,234	939,604
Income received	in the year	2,965,147	2,346,318
Released to income		(2,814,546)	(3,232,688)
Balance carried	forward	203p835	53,234

	2022	2021
G~ddh	f	E
Hire purchase	394,599
	394,599

The net book value offixed assets	held under hire purchase contracts during the year totalled
f455,554 (2021:Enil).
~dd Ch	2022 E	2021 f
Future minimum lease payments	due under finance leases:
Within one year	62,055
in two to five years	297,217
In over five years	97,382
	456,654

~ delivery ofthe 'Rugb P~ii d	y Stories' project	. This project h	as successfully co	ncluded.
	At				At
	1April				31March
~dd d it	2020 E	Income E	Expenditure E	Transfers E	2021f
Arts Council ofWales	96,797	191,408	(213,978)		74,227
Blaenau Gwent County
Borough Council		18,511	(18,511)
Caerphilly CBC		11,200	(11,200)
Coronavirus Job Retention
Scheme		1,032,413	(982,796)	(49,617)
Denbighshire County Council		5,000	(5,000)
Disability Sports Wales	(109)	21,311	(22,756)	4,000	2,446
European Social Fund	264,456	427,539	(387,664)	49,617	353,948
Good Things Foundation		3,936	(1,976)		1,960
Heritage Lottery	11,592				11,592
Learning &Work Institute	2,558	700	(117)		3,141
National Heritage		5,550	(13,461)		(7,911)
Neath Port Talbot County
Borough Council	4,114				4,114
Public Health Wales		99,670	(103,056)	3,386
Sports Council Wales	20,954	211,612	(202,113)	(4,000)	26,453
Street Games	35,685	15,672	(5,904)		45,453
Welsh Government		5,000			5,000
Wrexham County Borough
Council	1,704				1,704
Total funds	437,751	2,049,522	(1,968,532)	3,386	522,127

						Actua dial
						loss on
						defined
						benefit
		Asat1				pension	As at31
		April 2021	Income	Expenditure	Transfers	scheme	March 2022
Garou		E		E		E	E
Generalfund		845,799	6,639,391	(6,223,114)	1,245		1,263,321
Defined benefit
pension	scheme	(7,835,000)		(1,551,000)		4,677,000	(4,709,000)
		(6,989,201)	6,639,391	(7,774,114)	1,245	4,677,000	(3,445,679)
Charity
General fund		845,806	6,629,815	(6,213,550)	1,245		1,263,316
Defined benefit
pension	scheme	(7,835,000)		(1,551,000)		4,677,000	(4,709,000)
		(6,989,194)	6,629,815	(7,764,550)	1,245	4,677,000	(3,445,684)
~Pi	id
						Actuarial loss
						on defined
						benefit
						pension
		As at 1				scheme	As at 31
		April 2020	Income	Expenditure	Transfers		March 2021
Garou		E		f	E		f
General	fund	403,674	5,599,003	(5,153,492)	(3,386)		845,799
Defined	benefit
pension scheme		(1,973,000)		(707,000)		(5,155,000)	(7,835,000)
		(1,569,326)	5,599,003	(5,860,492)	(3,386)	(5,155,000)	(6,989,201)
Charity
General	fund	392,679	5,609,583	(5,153,070)	(3,386)		845,806
Defined	benefit
pension scheme		(1,973,000)		(707,000)		(5,155,000)	(7,835,000)
		(1,580,321)	5,609,583	(5,860,070)	(3,386)	(5,155,000)	(6,989,194)

		Unrestricted	Restricted
		funds	funds	2022
~Grou		E	E	E
Fixed assets		558,137		558,137
Current	assets	1,926,881	609,505	2,536,386
Pension	debtor	4,432,000		4,432,000
Current	liabilities	(827,0981		(827,098)
Long term liabilities		(394,599)		(394,599)
Pension	deficit	(9,141,000)		(9,141,000)
Total funds		(3,445,679)	609,505	(2,836,174)
Charity
Fixed assets		558,137		558,137
Investments		1		1
Current	assets	1,928,358	609,505	2,537,863
Pension	debtor	4,432,000		4,432,000
Current	liabilities	(828,581)		(828,581)
Long term liabilities		(394,599)		(394,599)
Pension	deficit	(9,141,000)		(9,141,000)
Total funds		(3,445,684)	609,505	(2,836,179)
		Unrestricted	Restricted
		funds	funds	2021
~Grou		E	f	f
Fixed assets		58,658		58,658
Current	assets	1,774,113	522,127	2,296,240
Pension	debtor	4,432,000		4,432,000
Current	liabilities	(986,972)		(986,972)
Pension	deficit	(12,267,000)		(12,267,000)
Total funds		(6,989,201)	522,127	(6,467,074)
Charity
Fixed assets		58,658		58,658
Investments		1		1
Current	assets	1,775,602	522,127	2,297,729
Pension	debtor	4,432,000		4,432,000
Current	liabilities	(988,455)		(988,455)
Pension	deficit	(12,267,000)		(12,267,000)
Total funds		(6,989,194)	522,127	(6,467,067)

~Gd Ch	Total 2022	Total 2021
	E	E
Due less than 1year	22,468	22,468
Due 2-5 years
Due &5years
	22,468	22,468-

						Net (liability)/
Period ended 31March 2022				Assets f(000)	Obligations f(000)	asset E(000)
Fair value of plan assets				25,012		25,012
Present value offunded liabilities					37,279	(37,279)
Opening Position as at 31March 2021				25,012	37,279	(12,267)
Service cost
Current service cost					1,904	(1,904)
Past service cost (including curtailments)
Total Service Cost					1,904	(1,904)
Net interest
Interest income on plan assets				519		519
Interest cost on defined benefit	obligation				783	(783)
Total net interest				519	783	(264)
Total defined benefit cost recognised (Loss)		in Profit	or	519	2,687	(2,168)
Cash flows
Plan participants' contributions				208	208
Employer contributions				617		617
Estimated Benefits paid				(218)	(218)
Expected closing position				26,138	39,956	(13,818)
Remeasurements
Changes in financial assumptions					(3,5450	3,545
Changes in demographic assumptions					(214)	214
Other experience					77	(77)
Return on assets excluding amounts		included	in
net interest				995		995
Total remeasurements recognised Comprehensive Income (OCI)	in Other			995	(3,682)	4,677
Fair value ofplan assets				27,133		27,133
Present value offunded liabilities					36p274	(36,274)
Closing Position as at31March 2022				27,133	36,274	(9,141)

Period Ended	31March 2022	31March 2021
Equities	81	81
Bonds	16	17
Property	3	2
Cash	0	0

		Males	Females
Current	Pensioners	2056 years	23.2 years
Future	Pensioners*	21.8yea rs	25.1years

Change in assumptions at31March 2022	Change in assumptions at31March 2022	Approximate	%increase to	Approximate monetary
		Defined Benefit Obligation		amount E(000)
0.5%decrease	in Real Discount Rate		14%	5,201
0.5%increase	in the Salary Increase Rate		2%	697
0.5%increase	in the Pension Increase Rate		12%	4,386

						2022	2021
							f
Net (expenditure)/	income for		the reporting	period		3,575,170	(5,335,499)
Adjustments for.
Depreciation charges						51,778	41,022
(Gain)/Loss on disposal						607
(Increase)/decrease		in stocks				(9,678)	6,539
(Increase)/decrease		in debtors				404,417	(592,629)
Increase in creditors					(2,835,547)		5,247,282
Net cash provided	by operating		activities			1,186,747	(633,285)
Analysis ofCash and		Cash Equivalents
Cash in hand						1,882,967	1,248,082
Total Cash and Cash		Equivalents				1,882,967	1,248,082
Anal sisofchan esinnetfunds
		At	1April		New finance	Other non-	At 31March
			2021	Cash flows	leases	cash	2022
						changes
						E
Cash at bank and in hand		1,248,082		634,885			1,882,967
Obligations under finance lease				18,576	(471,863)	(3,367)	(456,654)
		1,248,082		653,461	(471,863)	(3,367)	1,426,313

				Total
		Unrestricted	Restricted	funds
Garou		funds	funds	2021
		f	f	f
Income and endowments	from:
Donations and legacies		430	200	630
Charitable activities		5,589,094	2,049,322	7,638,416
Other trading activities		9,479		9,479
Total income and endowments		5,599,003	2,049,522	7,648,525
Expenditure on:
Charitable activities		5,860,492	1,968,532	7,829,024
Total expenditure		5,860,492	1,968,532	7,829,024
Net (expenditure)/income		(261,489)	80,990	(180,499)
Transfers between funds		(3,386)	3,386
Other recognised gainsj(losses/r
actuarial (losses)/ gains	on defined
benefit pension schemes		(5,155,000)		(5,155,000)
Net movement infunds		(5,419,875)	84,376	(5,335,499)
Reconciliation ofFunds
Total funds brought forward		(1,569,326)	437,751	(1,131,575)
Totalfunds carried forward		(6,989,201)	522,127	(6,467,074)

			Total
	Unrestricted	Restricted	funds
	funds	funds	2021
	f	E	f
Income and endowments from:
Donations and legacies	18,396	200	18,596
Charitable activities	5,591,187	2,049,322	7,640,509
Total income and endowments	5,609,583	2,049,522	7,659,105
Expenditure on:
Charitable activities	5,860,070	1,968,532	7,828,602
Total expenditure	5,860,070	1,968,532	7,828,602
Net /expenditure//income	(250,487)	80,990	(169,497)
Transfers between funds	(3,386)	3,386
Other recognised gains/(losses):
Actuarial (losses)/ gains on defined benefit
pension schemes	(5,155,000)		(5,155,000)
Net movement infunds	(5,408,873)	84,376	(5,324,497)
Reconciliation ofFunds
Total funds brought forward	(1,580,321)	437,751	(1,142,570)
Totalfunds carried forward	(6,989,194)	522,127	(6,467,067)