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2021-03-31-accounts

Company Registration No. 06859894 (England and Wales) Charity No. 1159832

Active Lancashire Limited

(A Charitable Company Limited by Guarantee) Trustees’ Report and Financial Statements

For The Year Ended 31 March 2021

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

CONTENTS

Page
Company Information 3
Directors’ and Trustees’ Report 4
Auditor’s Report 11
Statement of Financial Activities 15
Balance Sheet 16
Statement of Cash Flows 17
Notes to Financial Statements 18

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

COMPANY INFORMATION

Key management personnel:
Directors and trustees
Mrs L Lloyd		 - Chair (resigned 30 September 2021)
Mr M B Cookson - Appointed as Chair (30 September 2021)
Mr C G Bean - Resigned 24 November 2021
Mrs J Bell - Chair of Human Resources and
Remuneration Committee
Mr S L Burnett
Ms Z Coupland - Resigned 15 April 2021
Mr R Davies
Mrs R E Lowry - Chair of Audit and Finance Committee
Mrs A J Parker
Ms C E Platt - Resigned 31 December 2020
Mr R Richardson - Appointed 26 May 2020
Mrs A Smith - Appointed 1 January 2021
Mr C G Standish - Resigned 30 September 2021
Mr D Clarke - Appointed 24thNovember 2021
Mrs Z Chikh - Appointed 24thNovember 2021
Mrs L Horner - Appointed 24thNovember 2021
Mr K Masser - Appointed 24thNovember 2021
Mrs S Kothari - Appointed 24thNovember 2021
Committees
Human Resources and
Mrs J. Bell		 - Chair
Remuneration Committee
Mr B Cookson
Mrs L. Lloyd - Resigned 30thSeptember 2021
Mr C. Standish
Audit and Finance Committee
Mrs R. Lowry		 - Chair
Mr G. Bean - Resigned 24 November 2021
Mrs A. Parker
Mr R. Richardson
Key management personnel:
Senior leadership team
Mr A Leather		 - Chief Executive
Mr S Oliver - Finance Manager
Mrs S Walton - Business Development Manager
Mr M Stevenson - Operations Manager
Mrs B Kay - Operations Manager
Ms C Ross - People Development Manager
Registered office
3 & 4 Farington House
Lancashire Enterprise Business Park
Leyland
Lancashire
PR26 6TW
Company secretary
Mr W D Owen		 - Appointed 1 October 2020 and resigned 10
February 2021
Company number
06859894
Registered charity number
1159832

Page 3

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

COMPANY INFORMATION

Auditor

MHA Moore and Smalley Chartered Accountants and Statutory Auditor Richard House Winckley Square Preston PR1 3HP

Page 4

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

DIRECTORS' AND TRUSTEES' REPORT

Active Lancashire Ltd is a charitable company limited by guarantee. The trustees, who are also the directors of the company, are pleased to present their annual report together with the financial statements of the charitable company for the year ended 31 March 2021. This report serves the purpose of both a directors’ report under company law and trustees’ report under charity law.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019.

Structure, governance and management

The charitable company is limited by guarantee, registered in England and does not have a share capital. It became a registered charity on 7 January 2015. It is governed under its Articles of Association which sets out its objectives.

Lancashire County Council, as the sole guarantor of the charitable company, is entitled to appoint up to a maximum of 25% of the total number of trustees. The charitable company has formally adopted a target that the representation of directors will be diverse and will, where possible have a minimum of 30% of each gender serving as trustees. The Board of Trustees meets to take decisions relating to every-day matters. Each trustee has one vote and decisions are made by numbers of votes at meetings of the trustees as necessary. The Financial Controls Manual authorises the Chief Executive and other employees to take decisions within approved limits.

In appointing new trustees and replacing trustees who have completed their term of office, the Board, supported by the Chief Executive, considers its skills and any gaps. The appointment of a new trustee is then ratified by Lancashire County Council. New trustees receive an induction pack and training in the role and responsibilities of a trustee.

The trustees have considered the major strategic, business and operational risks which the charitable company faces and systems have been established to support regular reporting of the steps taken to manage and mitigate these risks.

Pay policy for senior staff

The trustees consider that they, with the senior management team, direct, control, and operate the organisation on a day-to-day basis. All trustees give of their time freely and none received remuneration in the year. Details of trustees' expenses and related party transactions are disclosed in the notes to the accounts.

The pay of the senior staff is based on National Joint Council pay scales with the Chief Executive on an individual pay scale benchmarked against other voluntary sector executive salary levels. The senior staff are reviewed annually through an appraisal process and incremental increases on the relevant pay scale awarded based on satisfactory performance. The Chief Executive receives an annual appraisal by the Chair of the Board who reports accordingly to the HR & Remuneration Committee of the Board and can recommend an incremental rise on the Chief Executive’s pay scale.

Page 5

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

DIRECTORS' AND TRUSTEES' REPORT (continued)

Objects and activities of the charitable company

Active Lancashire is the leading sport and physical activity charity which supports the Lancashire sub region. Our aim is to increase and sustain participation in, and widen access to, sport and physical activity across the county with particular focus on reducing inequalities and improving opportunities. As the Active Partnership for Lancashire, we are an integral part of the Government's drive to increase levels of movement and engagement in physical activity and sport across England in line with Sport England’s strategy: we are the key bridge between local and regional networks.

Our vision for 2021-31 is to create and embed a culture of health and wellbeing for everyone, through enabling individuals, empowering communities, and encouraging a whole-system approach. Our mission is to work in partnership to tackle inequalities and help people enjoy active lives.

We are committed to increasing participation in Lancashire’s communities where typically only half of adults are active, particularly in disadvantaged areas.

To deliver our strategy we will continue to engage with and develop the quality of provision within the county's clubs, coaches and volunteer infrastructure, which provide the core of the grassroots sports offer in our communities. The majority of this provision takes place within the voluntary sector, alongside schools, further and higher education institutions and local authorities. Lancashire has a long and successful grassroots offer but needs longer term investment and development, and Active Lancashire is well placed to support this.

Our team

As a team we have a set of values which we work to and promote through our activities and our behaviour, our culture and morals:

Impact of COVID

As a result of the pandemic during 2020/21, Active Lancashire had to quickly reassess our business model, team leadership and partner operational model. We were quickly able to pivot to home working as the team was Windows 365 enabled prior to the pandemic and the transition for most staff to remote or home working was relatively straight forward. As an organisation we supported our staff well during the period, maintaining positive working practices and supporting staff wellbeing.

We were able to effectively develop and negotiate with both funders and delivery partners to modify our contracts, models of delivery and profiles to maintain momentum and improve focus, using largely digital delivery of our products and services. The result of this is that we have met our intended project outputs and performance. This is a reflection of the outstanding energy and commitment of the staff, which the trustees recognise and are extremely grateful for.

Furthermore, the pandemic increased the requirement for our services and our leadership role with our partners. This created additional workloads and required the team to be highly flexible in delivering more activity across a wider range of partners. The whole team has performed exceptionally in meeting these challenges.

Page 6

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

DIRECTORS' AND TRUSTEES' REPORT (continued)

Partnership activity

We are committed to providing strong and consistent leadership to our partnership networks, enabling them to develop the quality and sustainability of their provision at a cluster and neighbourhood level. We are committed to enabling our partners to deliver high quality local provision and to securing the opportunities and resources that enable them to contribute effectively to supporting our strategy. We continue to develop and innovate in the scope and scale of our partnership activity and to maintain a focus on sport and physical activity which reflects our strategic and charitable aims.

Our current portfolio of work includes:

Business Health Matters

We have been working with business partners and networks including the Lancashire Enterprise Partnership (LEP) and Chambers of Commerce to identify opportunities for our sport and leisure networks to improve levels of health and wellbeing in the working age population with the aim of improving business productivity. This development work has been in part supported by a grant from UK Research and Investment (UKRI) as part of the National Industrial Strategy Trailblazer programme. Through this initial investment we have been able to develop a business model and proposals for further investment from both European Structural and Investment Funds (ESIF) and UKRI which should see the development of a three-year “test and learn” project, supporting 15,000 people to access opportunities to improve their health as employees and improve productivity for their businesses. This work will be key to the recovery of businesses from the pandemic.

Services to clubs, coaches and volunteers

Research evidence indicates that a quality experience of sport, combined with positive and motivational support helps people get into active lifestyles, sport and helps maintain their participation. Active Lancashire focuses on supporting our workforce, including coaches and volunteers, and organisations such as sports clubs and community centres to provide a quality offer, which is inclusive and reflects the needs of our communities.

During the pandemic we continued to provide on-line training and limited face to face development where possible, including training in coaching, safeguarding young people and adults, first aid, club development funding and how to support individuals with additional needs including mental health challenges. Specific support for coach development across all sports can be found at coachinglancashire.org.uk and coaches at all levels can register for up-to-date information and training dates.

School Games

During the pandemic the traditional School Games were cancelled and a series of on-line opportunities introduced. A series of on-line School Games challenges and festivals took place and this on-line work was recognised nationally by an award from the Youth Sport Trust. We continue to be supported by our long-term sponsor and supporter James Hall (SPAR Ltd) which enables the project to reach more young people from disadvantaged backgrounds.

More Positive Together

More Positive Together started in April 2017 and is an employability and skills project funded by ESIF through which we work in partnership with organisations including local authorities, housing associations, the Prince's Trust, Groundwork, and with the continued support of Sport England and the Police Commissioner. This project aims to encourage people in disadvantaged areas and communities to engage in sporting and practical activities to reach their potential and make a positive contribution to their local communities and economy. We have recently secured a second phase of funding extending the project to December 2021.

Page 7

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

DIRECTORS' AND TRUSTEES' REPORT (continued)

Cycle Recycle

As part of the More Positive Together project and with funding from Lancashire County Council this cycling engagement programme trains cycle repair workshop leaders and others to maintain donated cycles. Its activities include cycle recycling work-shops, learn to ride sessions, road confidence sessions and guided rides.

Challenge through Sport Initiative

Our Challenge Through Sport Initiative is a substance misuse recovery project for adult offenders funded by Lancashire County Council and Pendle and Rossendale Borough Councils as well as the Community Rehabilitation Company. It enables us provide advice and guidance through support workers with lived experience, using sport and physical activity to enhance the recovery of adults with drug and alcohol problems. It has developed from its pilot and is now evolving to work with participants on Employment and Support Allowance to enhance their employability. This initiative is now also supported by a community hub and charity shop in Accrington, which provides meeting and training space as well as income.

Satellite Clubs

Satellite clubs are extensions of community sports clubs specifically targeted at 11 to 25 year olds (mainly focussed on 14 to 19 year olds). They make it easy for young people to start playing sport for the first time or to stay in sport. They provide a stepping-stone for young people to access local community clubs, helping to make participating in sport a lifelong habit.

We will be working with national governing bodies of sport, schools, colleges and local sports clubs to establish new satellite clubs in Lancashire with a focus on under-represented groups including young people from Black, Asian and Minority Ethnic groups, young women with emotional wellbeing challenges and young people in care.

Primary School Sport Premium

We have been commissioned by Sport England to help strengthen the links between primary schools and organisations working in sport both locally and nationally, including the Youth Sport Trust and the Association for Physical Education. Key to this task is working with those primary schools that want or need help to make the most effective use of the additional funding and available support. This work has developed positively over the past 12 months and we have received additional investment to extend our offer to primary schools and school games organisers through additional survey work and funding to open up school facilities and sports provision.

Public benefit

We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our objectives and activities and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the charitable company's aims and objectives.

Achievements during the year

During the past year we have a number of significant achievements:

Page 8

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

DIRECTORS' AND TRUSTEES' REPORT (continued)

Financial review

The statement of financial activities for the year is set out on page 15. The charitable company's net expenditure before transfers and other recognised gains and losses was £74,061 (2020: £173,101). There are total reserves as at 31 March 2021 of £981,707 (2020: £876,768), of which £454,072 are unrestricted reserves, and £527,635 are restricted reserves.

The funding from Sport England to support the core infrastructure remained consistent at £319,163 in 2020/21 and is used to support Sport England's Primary Purpose requirements of working toward an active nation.

The development of projects under the More Positive Together programme that use sport and physical activity to support the public health and social well-being agenda has been further enhanced with the award of £7 million of ESIF funding over a further five years. This will continue to help individuals achieve their potential and benefit their communities through sport and physical activity. In addition, a further £5 million of ESIF funding and £1.2 million of Industrial Strategy Challenge funding (ISCF) has been awarded to support the development and delivery of a workplace health and wellbeing programme of projects, again with a strong partner network across Lancashire.

Reserves policy

The trustees review the charitable company's requirements for reserves annually in the light of its main risks. The current policy is to hold sufficient unrestricted reserves to cover its statutory obligations in the event that it is wound up, being three months' staff costs, redundancy and the obligations associated with its office lease. The amount required as at 31 March 2021 was estimated to be £303,000 and this was met.

Plans for future periods

The organisation plans to continue to deliver and develop its own strategy to support the new strategy announced by Sport England: to use sport and physical activity to increase participation levels, reduce inactivity and support the health and wellbeing, social cohesion, and community development agenda.

Through the United Together (Tackling Reoffending) project we work in partnership with other organisations to enable young people at risk of offending to engage in sporting and practical activities, to reach their potential and make a positive contribution to their local communities, as well as supporting young people to gain qualifications and engage in sporting and physical activities. We intend to use the successful award of future phases of ESIF funding to further develop this successful programme on a wider scale with a wider partnership across the county aimed at disadvantaged communities.

The organisation also intends to further develop its partnerships, research and evaluation of digital technology and its use and effectiveness in increasing activity in physical activity.

The organisation is working closely with the NHS networks and continuing to help develop strategies that include sport and physical activity that support the health and wellbeing agendas, for example the Physical Activity Strategy and Walking and Cycling Strategy.

Risk management

The organisation maintains a risk register that is reported to and discussed by trustees at each quarterly Board meeting and reviewed at regular Audit & Finance Committee meetings. This register reports on the predicted impact of the risk and actions required to mitigate the risks.

Page 9

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

DIRECTORS' AND TRUSTEES' REPORT (continued)

The key risks are perceived currently to be:

Fundraising

We have considered the requirements of the Charities (Protection and Social Investment) Act 2016 regarding disclosures concerning fundraising and fundraising standards and confirm that these do not apply.

Statement of trustees' responsibilities

The trustees (who are also directors of Active Lancashire Limited for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

Page 10

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

DIRECTORS' AND TRUSTEES' REPORT (continued)

Auditor

This report has been prepared in accordance with the provisions applicable to companies entitled to adopt the small companies’ exemption.

This report was approved by the Board on 24 November 2021 and signed on its behalf.

……………………………………………… Mr M B Cookson - Chair

Page 11

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS

Opinion

We have audited the financial statements of Active Lancashire Limited (‘charitable company’) for the year ended 31 March 2021, which comprise Statement of Financial Activities, Balance Sheet, Cash Flow Statement and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group’s or parent charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Page 12

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS (continued)

Other information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Page 13

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS (continued)

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 9, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed auditor under the Companies Act 2006 and report in accordance with this Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Page 14

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS (continued)

Use of our report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

Nicola Mason (Senior Statutory Auditor) For and on behalf of MHA Moore and Smalley Chartered Accountants and Statutory Auditor

Richard House 9 Winckley Square Preston PR1 3HP

Date: ………………………

Page 15

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
Funds
Note
£
Income from:
Donations and legacies
3
-
Charitable activities
4
368,655
Investments
5
42
Total income
368,697
Expenditure on:
Charitable activities
6
478,398
Total expenditure
478,398
Net (expenditure)/ income for the year
(109,701)
Transfers between funds
(46,199)
Net movement in funds before other
recognised gains and losses
(155,900)
Actuarial gain/ (loss) in respect of defined
benefit pension scheme
12
(602,000)
Change in value of reimbursement asset
12
781,000
Net movement in funds
23,100
Reconciliation of funds:
Total funds brought forward
430,972
Total funds carried forward
454,072		 Restricted
Funds
£
11,229
2,716,032
-
2,727,261
2,691,621
2,691,621
35,640
46,199
81,839
-
-
81,839
445,796
527,635		 2021
Total
£
11,229
3,084,687
42
3,095,958
3,170,019
3,170,019
(74,061)
-
(74,061)
(602,000)
781,000
104,939
876,768
981,707		 2020
Total
£
38,226
2,894,976
1,315
2,934,517
3,107,618
3,107,618
(173,101)
-
(173,101)
136,000
139,000
101,899
774,869
876,768

All of the above results are derived from activities which are continuing.

All gains and losses in the periods are included above.

Page 16

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

BALANCE SHEET

AS AT 31 MARCH 2021

Unrestricted
Funds
£
Tangible fixed assets
13
4,687
Current assets
Debtors
14
7,765
Cash at bank and in hand
474,300
482,065
Creditors:amounts falling due within one year
15
(32,680)
Net current assets
449,385
Total assets less current liabilities
454,072
Net assets excluding pension liability
454,072
Defined benefit pension scheme liability
12
(2,092,000)
Reimbursement of pension scheme liability
12
2,092,000
Net assets including pension liability
454,072
Represented by:
Total funds
16
454,072		 Restricted
Funds
£
-
973,366
234,696
1,208,062
(680,427)
527,635
527,635
527,635
-
-
527,635
527,635		 Total
funds
2021
£
4,687
981,131
708,996
1,690,127
(713,107)
977,020
981,707
981,707
(2,092,000)
2,092,000
981,707
981,707		 Total
funds
2020
£
2,434
396,548
1,081,025
1,477,573
(603,239)
874,334
876,768
876,768
(1,311,000)
1,311,000
876,768
876,768

These financial statements have been prepared in accordance with the provisions applicable to companies entitled to the small companies’ regime.

These accounts were approved by the Board and authorised for issue on 24 November 2021 and are signed on their behalf by:

……………………………………….

Mrs R E Lowry – Chair of Audit and Finance Committee

Company No: 06859894

Page 17

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2021

Cash generated by/ (used in) operating activities
(a)
Cash flows from investing activities
Investment income
Purchase of tangible fixed assets
Cash used in investing activities
Increase/ (decrease) in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
(a) Reconciliation of net movement in funds to net cash flow from
operating activities
Net movement in funds
Investment income received
Depreciation
Increase/ (decrease) in debtors
(Increase)/ decrease in creditors
Net cash generated by/ (used in) operating activities		 2021
Total
£
(366,868)
42
(5,203)
(5,161)
(372,029)
1,081,025
708,996
104,939
(42)
2,950
(584,583)
109,868
(366,868)		 2020
Total
£
482,195
1,315
(3,652)
(2,337)
479,858
601,167
1,081,025
101,899
(1,315)
1,429
506,685
(126,503)
482,195

Of the cash and cash equivalents and the end of the year, £474,300 relates to unrestricted funds (2020: £441,846) and £234,696 relates to restricted funds (2020: £639,179).

Page 18

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. The financial statements have been prepared under the historical cost convention.

Active Lancashire Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charitable company to continue as a going concern. The trustees have considered, the impact of the Covid-19 pandemic and make this assessment in respect of a period of at least one year from the date of authorisation for issue of the financial statements and have concluded that there are adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties about the charitable company ability to continue as a going concern, thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Income

Income is recognised when the charitable company has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charitable company and which have not been designated for other purposes. Designated funds are set aside by the trustees out of unrestricted general funds for specific purposes or projects.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Page 19

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies (continued)

Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Detailed analyses of the expenditure, including irrecoverable VAT, are provided in the notes to the accounts.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the SOFA on a straight line basis over the period of the lease.

Fixed assets and depreciation

Fixed assets greater than £250 are included at cost. Depreciation is provided on all tangible fixed assets calculated to write off the cost over its expected useful life as follows:

Equipment

33.3% on cost

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Creditors

Creditors are recognised where there is a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Pension costs

The company operates a defined benefit pension scheme for employees. The assets of the scheme are held separately from those of the charitable company. Contributions payable by the charitable company during the year are included within wages and salaries. Any additional current service costs and finance costs over the contributions payable are included separately within costs of charitable activities as an exceptional item. Actuarial gains and losses are recognised immediately.

Although this does not meet the presentational requirements of FRS 102, the trustees believe this provides a better understanding of the impact on the result for the year than accounting for pension costs under FRS 102.

Page 20

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies (continued)

Pension costs (continued)

Pension scheme assets are valued at fair value at the balance sheet date. Fair value is based on market price information and in the case of quoted securities is the published bid price. Pension scheme liabilities are measured on an actuarial basis using the projected unit method and are discounted to their present value using a rate equivalent to the current rate of return on a high quality corporate bond of equivalent currency and term to the scheme liabilities. Pension scheme deficits are recognised in full on the balance sheet.

Lancashire County Council has provided an indemnity to the trustees of the pension scheme guaranteeing that the scheme will not suffer any loss or damage as a result of the charitable company participation in the scheme. The intention of this guarantee is that, should the charitable company cease in operational existence and the pension deficit crystallise, this liability would be met by Lancashire County Council under the guarantee. A corresponding reimbursement of the pension scheme deficit is included in the charitable company's balance sheet and has been deducted from the pension scheme deficit to show an overall neutral position in order to present a true and fair view. Whilst the charitable company continues as a going concern it will make deficit contributions if these are required and it is able to pay them, but no liability is recognised in the charitable company's balance sheet in respect of such payments.

Changes in the value of the reimbursement asset are included in the Statement of Financial Activities.

Taxation

As a registered charity, the company is exempt from taxation on its income and gains, provided they are used for its charitable purposes.

Judgements and key sources of estimation uncertainty

In the application of the charitable company's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The present value of the defined benefit liability depends on a number of factors that are determined on an actuarial basis using a variety of assumptions. Any changes in these assumptions, which are disclosed in note 12, will impact the carrying amount of the pension liability.

The trustees do not believe that there are any other estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities.

Page 21

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

2 Company status

The charitable company is a company limited by guarantee and became a registered charity on 7 January 2015. The sole member of the company is Lancashire County Council and in the event of the company being wound up, the liability in respect of the guarantee is limited to £1.

3 Income from donations and legacies

Sponsorship income
Donations
Prior year
Sponsorship income
Income from charitable activities
Sport England Funding
ESIF Funding
Other Project Funding
Local Authority Funding
Course Fees
Hosting, Management & National
Governing Bodies income
Coronavirus job retention scheme grant		 Unrestricted
funds
£
-
-
-
Unrestricted
funds
£
13,226
Unrestricted
funds
£
319,164
-
5,800
34,000
7,884
-
1,807
368,655		 Restricted
funds
£
8,750
2,479
11,229
Restricted
funds
£
25,000
Restricted
funds
£
578,200
1,705,188
338,304
94,080
-
260
-
2,716,032		 2021
Total
£
8,750
2,479
11,229
2020
Total
£
38,226
2021
Total
£
897,364
1,705,188
344,104
128,080
7,884
260
1,807
3,084,687		 2020
Total
£
38,226
-
-
2019
Total
£
61,950
2020
Total
£
836,783
1,667,328
218,438
141,091
30,855
481
-
2,894,976

4 Income from charitable activities

Page 22

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

4
Income from charitable activities (continued)
Prior Year
Unrestricted
funds
£
Sport England Funding
319,163
ESIF Funding
-
Other Project Funding
11,584
Local Authority Funding
32,500
Course Fees
30,855
Hosting, Management & National Governing Bodies
income
-
394,102
5
Investment income
Unrestricted
funds
Restricted
funds
£
£
Bank interest
42
-
The total of £1,315 in the previous year was all unrestricted income.
6
Analysis of expenditure on charitable activities
Direct costs
Wages and salaries
Premises and office costs
Rent and rates
Depreciation
Staff training
Travel expenses
Project delivery costs
Research, marketing & promotion
Exceptional pension adjustment (note 12)
Governance costs (note 6)		 Restricted
funds
£
517,620
1,667,328
206,854
108,591
-
481
2,500,874
2021
Total
£
42
2021
Total
£
1,092,382
47,489
29,512
2,950
24,575
10,219
1,702,538
33,125
179,000
48,229
3,170,019		 2020
Total
£
836,783
1,667,328
218,438
141,091
30,855
481
2,894,976
2020
Total
£
1,315
2020
Total
£
1,006,669
43,832
30,001
1,429
13,712
40,732
1,540,796
114,801
275,000
40,646
3,107,618

All of the above expenditure is directly attributable to the promotion of sport.

Expenditure on charitable activities was £3,170,019 (2020: £3,107,618) of which £478,398 was unrestricted (2020: £597,412) and £2,691,621 was restricted (2020: £2,510,206).

Page 23

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

6 Analysis of expenditure on charitable activities (Continued)

Governance costs

Audit and accountancy
Legal and professional fees
Net income/ (expenditure) for the year
This is stated after charging:
Auditor's fees (exclusive of VAT)
Depreciation of owned fixed assets
Operating lease rentals		 2021
Total
£
6,180
42,049
48,229
2021
£
5,150
2,950
14,745		 2020
Total
£
5,875
34,771
40,646
2020
£
4,896
1,429
14,745

7 Net income/ (expenditure) for the year

Page 24

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

8 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Salaries
National Insurance
Pensions		 2021
£
903,615
84,076
104,691
1,092,382		 2020
£
851,375
75,727
79,567
1,006,669

The number of employees whose remuneration for the year exceeded £60,000 was:

2021 2020
Number Number
£60,000 to £69,999 1
£70,000 to £79,999 1

Of the employees whose remuneration exceeded £60,000, there is one employee (2020: one) accruing benefits under defined benefit pension schemes.

The trustees were not paid and did not receive any other benefits from employment with the charitable company in the year (2020: £nil). No trustees were reimbursed out of pocket expenses during the year (2019: £526 reimbursed to two trustees). No trustee received payment for professional or other services supplied to the charitable company (2020: £nil).

The key management personnel comprise the trustees, the Chief Executive, the Business Development Manager, the Operations Managers, the People Development Manager and the Finance Manager. The total employee benefits of the key management personnel, including National Insurance and pension contributions, were £480,021 (2020: £331,624).

9 Staff numbers

The average number of employees during the
year was as follows:
The average number of full time equivalent
employees during the year was as follows:		 2021
2020
No
No
39
35
31
28

Page 25

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

10 Related party transactions

During the year, the charitable company received funding of £64,999 (2020: £26,200) from Lancashire County Council, and paid £10,819 (2020: £19,714) to Lancashire County Council for the use of conference facilities and other services.

Directors C G Standish and S Burnett hold management positions at Regenda Homes and West Lancashire Borough Council respectively: both organisations are partners in the More Positive Together project. During the year amounts totalling £47,055 (2020: £57,880) were payable to Regenda Homes, of which £57,249 (2020: £83,498) was in relation to this project.

Director Z Coupland is a Manager at Sahara Women’s Charity which was awarded grants totalling £6,738 (2020: £5,198) as part of the Satellite Clubs Delivery project.

All project-related payments were at arm's length and the same processes and checks were applied prior to the payments as for any other organisation.

At the year end the charitable company owed £26,115 and £27,472 to Regenda Homes and West Lancashire Borough Council respectively (2020: £21,341 and £16,800). There were no other outstanding balances with related parties as at 31 March 2021 (2020: £nil).

Page 26

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

11 Pension scheme

On 1 April 2010 the charitable company was admitted into a multi-employer defined benefit scheme, operated through Lancashire County Council. The assets of the scheme are administered by trustees in a fund independent from the charitable company.

FRS 102 Section 28 Employee Benefits requires the use of actuarial techniques to assess the present value of future pension liabilities. In accordance with FRS 102, the charge for the scheme has been calculated on the sum of the cost of benefits accruing in the year, the increase in the value of benefits already accrued and the expected return on net assets. The charitable company's contribution to the scheme during the year amounted to 10.4% of pensionable salaries and its expected contribution to the scheme for the year ending 31 March 2021 is £97,000. At the year-end £14,399 (2020: £10,550) was owed to the scheme in respect of contributions.

Lancashire County Council guarantees any pension scheme deficit crystallising if the charitable company is wound up or leaves the scheme. The deficit has increased by £781,000 in the year and an increase of £781,000 in the corresponding reimbursement asset has therefore also been recognised. An analysis of the movements in the deficit during the year is shown below:

At 1 April
Total operating charge: current service cost
Total operating charge: part service cost
Total other finance costs: interest costs
Actuarial gain/ (loss)
Employer contributions (less admin expenses)
At 31 March		 2021
£
(1,311,000)
(248,000)
-
(28,000)
(602,000)
97,000
(2,092,000)		 2020
£
(1,172,000)
(232,000)
(86,000)
(31,000)
136,000
74,000
(1,311,000)

Analysis of the amount recognised as the actuarial gain/ (loss) in the statement of financial activities:

Difference between expected and actual return on assets
Actuarial gains/ (losses)		 2021
£
(602,000)
(602,000)		 2020
£
136,000
136,000

Analysis of the amount recognised as an exceptional item within the expenditure on charitable activities in the statement of financial activities:

Total operating charge: current service cost
Total operating charge: part service cost
Total other finance costs: interest costs
Employer contributions (less admin expenses)
At 31 March		 2021
£
(248,000)
-
(28,000)
97,000
(179,000)		 2020
£
(232,000)
(86,000)
(31,000)
74,000
(275,000)

Page 27

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

12 Pension scheme (continued)

The amounts included in the balance sheet arising from obligations in respect of defined benefit pension plans are as follows:

Fair value of plan assets
Present value of defined benefit obligations
Deficit in scheme		 2021
£
2,677,000
(4,769,000)
(2,092,000)		 2020
£
2,271,000
(3,582,000)
(1,311,000)

An analysis of the movement in the present value of defined benefit obligations:

At 1 April 2020
Current service cost
Past service cost
Benefits paid
Actuarial gains/ (losses)
Contributions from scheme members
Interest cost
At 31 March 2021
An analysis of the movement in the fair value of plan assets:
At 1 April 2020
Interest income
Return on plan assets
Benefits paid
Contributions by the employer (less admin expenses)
Contributions from scheme members
At 31 March 2021		 2021
£
(3,582,000)
(248,000)
-
1,000
(803,000)
(55,000)
(82,000)
(4,769,000)
2021
£
2,271,000
54,000
201,000
(1,000)
97,000
55,000
2,677,000

The fair value of plan assets at the reporting period end was as follows:

Equities
Government & other bonds
Property
Cash/ liquidity
Other		 2021
£
1,256,000
-
380,000
59,000
982,000
2,677,000		 2020
£
1,203,000
57,000
193,000
64,000
754,000
2,271,000

Page 28

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

12 Pension scheme (continued)

The principal assumptions used for the actuarial valuation were:

2021 2020
% %
Rate of increase in salaries 4.2 3.6
Rate of increase in pensions in payment 2.8 2.2
Discount rate 2.2 2.3
Inflation assumption 2.7 2.1

Mortality assumptions

The assumed life expectations on retirement at age 65 are:

Retiring today
- Males
- Females
Retiring in 20 years
- Males
- Females		 2021
2020
Years
Years
22.4
22.3
25.1
25.0
23.9
23.8
26.9
26.8

12 Tangible fixed assets

Cost
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
Eliminated on disposals
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Equipment
£
33,897
5,203
-
39,100
31,463
2,950
-
34,413
4,687
2,434

Page 29

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

13 Debtors: Amounts falling due within one year

Debtors: Amounts falling due within one year
Trade debtors
Prepayments and accrued income		 2021
£
36,019
945,112
981,131		 2020
£
43,738
352,811
396,549

14 Creditors: Amounts falling due within one year

Trade creditors
PAYE and social security
Other creditors
Accruals and deferred income		 2021
£
36,046
25,883
20,053
631,125
713,107		 2020
£
33,627
18,529
16,208
534,875
603,239

Accruals and deferred income includes deferred income as shown below.

Balance as at 1 April 2020
Amounts written back from income earned from charitable
activities
Amount deferred in year
Balance as at 31 March 2021		 2021
£
9,375
(9,375)
1,500
1,500		 2020
£
50,000
(50,000)
9,375
9,375

Page 30

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

15
Funds
Fund
balances at 1
April 2020
£
Restricted funds
Coach Development Manager
4,174
Tackling Inequalities Funding
-
ESIF 2.1 Business Health Matters
-
Hub / Charity Shop Accrington
-
Youth Homelessness Project
-
Rossendale Youth Works
-
Digital MarComms
-
Regional Social Prescribing
-
Pendle Project New 2021
-
LCC Healthy Weight Service
-
Club Link Makers – Capacity
-
Club Link Makers – Delivery
114,396
Positive Together
23,124
School Games – Capacity
10,150
School Games – Delivery
18,307
Primary School Funding
37,475
Volunteer Coaching
12,990
Insight
9,078
Communications & Marketing
4,645
Get Healthy Get Active
26,866
Sports Leaders
3,677
More Positive Together
58,210
Active Lives Survey
11,529
Digital Maturity Voluntary Sector
652
Workforce Development Innov
1,589
Opening Up Schools Facilities
74,758
VCFS Chair
119
Healthly Ageing Trailblazer
-
Rossendale Works
(274)
Satellite Clubs Innovation
13,026
Substance Misuse Project
21,305
Total restricted funds
445,796
Unrestricted funds
430,972
Total funds
876,768		 Income
received this
year
£
42,500
226,250
98,334
56,059
32,330
14,658
-
10,973
5,800
9,999
66,699
87,110
70,000
14,583
20,417
39,693
8,000
1,125
-
21,669
-
1,627,291
11,754
-
13950
-
21,000
48,918
80,890
4,941
92,318
2,727,261
368,697
3,095,958		 Expenditure
£
(39,301)
(173,992)
(102,005)
(30,099)
(12,195)
(8,572)
(12,020)
(5,008)
(11,078)
(9,999)
(66,545)
(84,829)
(69,742)
(24,724)
(17,796)
(64,927)
(15,269)
(9,014)
294
(12,603)
(490)
(1,598,653)
(15,724)
(652)
(8,453)
(69,758)
(20,671)
(39,314)
(63,798)
(167)
(104,517)
(2,691,621)
(299,398)
(2,991,019)		 Transfers
between
funds
£
(5,781)
-
43,500
12,031
(664)
5,275
22,168
-
6,000
-
-
(22,471)
(3,062)
-
-
(550)
(420)
10,110
1,078
667
500
(638)
(500)
-
(150)
(5,000)
-
(9,604)
(1,631)
-
(4,659)
46,199
(46,199)
-		 Fund
balances at
31 March
2021
£
1,592
52,258
39,829
37,991
19,471
11,361
10,148
5,965
722
-
154
94,206
20,320
9
20,928
11,691
5,301
11,299
6,017
36,599
3,687
86,210
7,059
-
6,936
-
448
-
15,187
17,800
4,447
527,635
454,072
981,707

Page 31

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

16
Funds(continued)
Prior year
Fund
balances at 1
April 2019
£
Restricted funds
Coach Development Manager
-
Club Link Makers – Capacity
-
Club Link Makers – Delivery
72,606
Positive Together
14,455
School Games – Capacity
10,680
School Games – Delivery
27,762
Beginner Running Project
8,200
Disability Development
3,033
Primary School Funding
38,739
Volunteer Coaching
8,552
Insight
6,175
Communications & Marketing
10,267
Bursary Fund
1,650
Get Healthy Get Active
8,770
Sports Leaders
1,992
More Positive Together
129,841
Pendle CSI Project
5,662
Active Lives Survey
15,203
Digital Maturity Voluntary Sector
-
Regent Park Morecambe CSI
-
Workforce Development Innov
-
Lancaster West End CSI project
-
Opening Up Schools Facilities
-
VCFS Chair
-
Healthly Ageing Trailblazer
-
Rossendale Works
-
Satellite Clubs Innovation
10,810
Substance Misuse Project
21,447
Total restricted funds
395,844
Unrestricted funds
379,025
Total funds
774,869		 Income
received this
year
£
42,781
66,699
154,820
42,350
20,000
50,000
400
-
71,744
14,600
1,500
457
-
1,230
-
1,684,293
14,583
20,150
23,000
5,000
11,650
24,350
98,642
2,200
3,680
47,578
3,205
120,962
2,525,874
408,643
2,934,517		 Expenditure
£
(32,620)
(66,699)
(103,270)
(33,681)
(25,530)
(54,456)
(2,719)
(898)
(73,008)
(9,102)
(5,597)
(19,046)
-
(1,997)
(1,465)
(1,815,266)
(15,109)
(19,424)
(22,348)
(530)
(8,816)
(15,018)
(23,884)
(2,081)
(4,000)
(47,852)
(989)
(104,801)
(2,510,206)
(322,412)
(2,832,618)		 Transfers
between
funds
£
(5,987)
-
(9,760)
-
5,000
(4,999)
(5,881)
(2,135)
-
(1,060)
7,000
12,967
(1,650)
18,863
3,150
59,342
(5,136)
(4,400)
-
(4,470)
(1,245)
(9,332)
-
-
320
-
-
(16,303)
34,284
(34,284)
-		 Fund
balances at
31 Mar 2020
£
4,174
-
114,396
23,124
10,150
18,307
-
-
37,475
12,990
9,078
4,645
-
26,866
3,677
58,210
-
11,529
652
-
1,589
-
74,758
119
-
(274)
13,026
21,305
445,796
430,972
876,768

Page 32

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

Purpose of the restricted funds

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or by the terms of an appeal for particular projects. Notes:

Page 33

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

Purpose of the restricted funds (continued)

Page 34

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

16 Funds (continued)

Purpose of the restricted funds (continued)

Page 35

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

16 Funds (continued)

Purpose of the restricted funds (continued)

16 Fund balances represented by

Tangible fixed assets
Current assets
Creditors falling within one year
Prior year
Tangible fixed assets
Current assets
Creditors falling within one year		 General
Unrestricted
Funds
£’000
4,687
482,065
(32,680)
454,072
General
Unrestricted
Funds
£’000
2,434
457,156
(28,618)
430,972		 Designated
Funds
£’000
-
-
-
-
Designated
Funds
£’000
-
-
-
-		 Restricted
Funds
£’000
-
1,208,062
(680,427)
527,635
Restricted
Funds
£’000
-
1,020,417
(574,621)
445,796		 Balance at
31 March
2021
£’000
4,687
1,690,127
(713,107)
981,707
Balance at
31 March
2020
£’000
2,434
1,477,573
(603,239)
876,768

Page 36

Active Lancashire Limited (A Charitable Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS (continued)

FOR THE YEAR ENDED 31 MARCH 2021

17 Operating lease commitments

At the year end, the total of future minimum lease payments under non-cancellable operating leases was:

Amounts due within one year
Amounts due between one and five years		 2021
Land and
buildings
£
13,000
-
13,000		 2021
Other
£
1,745
-
1,745		 2020
Land and
buildings
£
13,000
13,000
26,000		 2020
Other
£
1,745
1,745
3,490

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