Charity Registration No. 1160374 (England and Walasl Charity Registration No. SC048193 (Scotlandl COMMUNITY LEISURE SERVICES PARTNERSHIP ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
COMMUNITY LEISURE SERVICES PARTNERSHIP LEGAL AND ADMINISTRATIVE INFORMATION Trustees J Beavis T Richardson H Braband Charity number (England and Wales) 1160374 Charity number Iscotlandl SC048193 Principal address 43 Slickle Down Deepcut Surrey GU16 6GB Auditor Alliolls LLP Friary Court 13-21 High Street Guildford Surrey GU1 3DL
COMMUNITY LEISURE SERVICES PARTNERSHIP CONTENTS Page Trustees, report Slalemenl of Iruslees. responsibilities Independent auditor's report Slalemenl of financial activities Balance sheet 10 Slalemenl of cash flows Notes to the financial statements 12-21
COMMUNITY LEISURE SERVICES PARTNERSHIP TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 The trustees present their report and financial slalemenls for the year ended 31 March 2021. The accounts have been prepared in accordance with the accounting policies sel out in note 1 to the accounts and comply with the charity's con51ilution, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accoLJnts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 Jan uary 20151" Objective8 and activities The charity's objects, per ils constitution document, are.. A. To provide or assist in the provision of facilities and ServIS for the public benefit for recreational, sporting or other leisure time occupation in the interests of social welfare, health improvement, community development andlor B. To promote community participation in healthy activity andlor C. To advan the education of the public in the benefit of healthy lifestyles andlor D. To advance the arts, cultLJre and heritage andlor E. Such other charitable purposes beneficial to the community consistent with the objects above as the trustees shall in their absolute discretion determine. The charity operated eight health clubs during the year. The trustees have paid due regard lo guidance issued by the ChaTily Commission in the area of public benefit. Achievements and performance From March 2020, clubs were shut in acwrdance with Covid-19 regulations, re-opening when allowed with a number re-closing due to local regulations. This obviously impacted significantly on our ability lo deliver services. The Charity did, however, continue to deliver high quality services al ils 8 health clubs in Croydon, Liverpool 121, Redditch, Scarborough, Aylesbury, Chandlers Ford and Cupar when they re-opened and whilst slow, membership numbers gradually grew. Flnanclal revlew It is the policy of the charity that unreslricled funds should be maintained at a level equivalent lo beeen three- and six-monlhs expenditure. The trustees consider our reserves will be severely impacted by the Coronavirus pandemic. The charity expects lo be able to continue its current activities, bul the Trustees will carefully monitor the financial position and tske appropriate, difficult decisions where necessary. Al the year end the Charity had no restricted or unrestricted reserves and a deficit of £130,182, due to the impact of the coronavirus pandemic. The charity had sufficient cash levels al the year end, of £83,672, to be able to operate in the short term and due to the decision of the largest creditor to defer receipt for p8ymenl of monies owed during the year, the charity has resources lo be able lo continue as a Going Concern for the foreseeable future.
COMMUNITY LEISURE SERVICES PARTNERSHIP TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place lo miligale the risks arising from the Coronavirus pandemic. Structure. governance and management The charity is a Charitable Incorporated Organisation ICIOI. The charity is governed by a constitLJtion with the charity Iruslees as the only voting members. If the CIO is wound up, the members of the CIO have no liability to contribute lo its assets and no personal respon5ibilily for sellling ils debts and lisbililies. The trustees who served during the year and up to the dale of signature of the financial statements were.. J Beavis T Richardson H Braband In selecting individual trustees for appointment, the charity trustees must have regard for the skills. knowledge and experience needed for the effective administration of the CIO. The company's current policy concerning the payment of trade creditors is lo.. settle the letms of payment with suppliers when agreeing the letms of each Iransaclion", ensure that suppliers are made aware of the terms of payment by Inclusion of the relevant terms in contracts," and pay In accordan with the company's conlraclual and other legal obligab'ons. The Charity's Company Secretary, Clare Kennedy. oversees the duties and day lo day management of the charity's work. Ms Kennedy is responsible for of the charity's banking and contractual relationships, reports to the trustees regularfy and coordinates the trustee meetings. No preferen dividends were paid. The directors do not recommend payment of a final dividend. Appointment of new trustees follows appropriate advertising. Suitable applicants will be invited lo meet with a trustee & Company Secretary. Suitable candidates will then be invited to attend a trustee meeting as an observer and will receive further information regarding the role of being a trustee. Appointment will then follow a successful interview. The charity does not use exlem81 professional fundraisers. We ensure any fundraising is legal, open, honest and respecttul., there have been no complaints about our fundraising aclivilies.
COMMUNITY LEISURE SERVICES PARTNERSHIP TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 The Board of Trustees are cognizant of the Charity Commission's advice on reporting on how the Coronavirus Pandemic has impacted on the charity's perf0rnan and operation. How the virus control measures affected the charity's activities All 8 health clubs were shut from 23 March 2020 as required by the Government. Signrficant reductions in membership was notiable when clubs re-opened but numbers did begin a good recovery which has ¢ontinued into 202112022. Explain any financial uncertainties regarding financial sustainability and going concern The health clubs operate on light margins to ensure their a¢$$1b111fy and affordability lo the public. The uncertainty of when clubs could re-open and thus begin to recover the lost income whilst still having to pay fixed costs made forecasting very difficLJIt. In addition, our clubs in Liverpool were subject to local closure rules and Cupar was subject lo a longer restriction on re-opening, both of which had significant impact. How the contribution of any volunteers assisted in managing in the changed circumstances The Trustees. all volunteers. were involved in the strategic decisions relating to the clubs, closurels, ongoing maintenance, fudough decisions and preparations for r&opening and operating the clubs in a Covid safe manner lo protect members and staff. The irnpact on the charity's ability to fundraise The charity does not fundraise through grants or donations bul through the fees paid for health club services. All members were wrillen lo and informed that memberships had been frozen, and no direct debits were drawn down until the clubs re-opened. Several members chose to cancel both during and soon after the health clubs re-opened but membership sales have been possible but the continued uncertainty 8nd location of some clubs in areas were positive cases continued lo rise negatively affected the charity's recovery. How the outbreak of the virus has affected staff, volunteers and beneficiaries and the implications for the charity's operations and activities Members were unable to access facilities and thus all memberships were frozen during the periodls of closure. The principal risks and uncertainties facing the charity during the reporting period The lack of rtaInty over a re-opening date coupled with the burden of fixed costs such as Rent has made il diffi'cult lo predict an eventual outcome, but the Board of Trustees have discussed contingency plans in the evenlualily of further closures,. nationally or locally. Any impact on the charity's re8eNe8 policy The Iruslees have noted that reserves are severely impacted in order lo sustain cash flow with income being severely degraded. Impact on tha future aims and activities of the charity The impact of the Coronavirus control measures will prevent any support of local community projects designed to encourage greater participation in healthy, active Iifeslyles,. particularly amongst young people for the foreseeable future. 11 also had significant impact on investment in the facilities in the short term. The trustees, report was approved by the Board of Trustees. T Richardson, Trustee 15th Feb, 2022 Dated.
COMMUNITY LEISURE SERVICES PARTNERSHIP STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2021 The trustees are responsible for preparing the Trustees. Report and the accounts in accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). The law applicable lo Charities in England and Wales requires the Iruslees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming sOUrceS and application of resources of the charity for that year. In preparing these accounts, the trustees are required to.. select suitsble accounting policies and then apply them consislenlly., obseNe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., slate whether applicable accounting stsndards have been followed, subject lo any material departures disclosed and explained in the accounts,. and prepare the accounts on the going conrn basis unless il is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping SLJfficient accounting records that disclose with reasonable accuracy al any lime the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the Charity IAccounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities.
COMMUNITY LEISURE SERVICES PARTNERSHIP INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF COMMUNITY LEISURE SERVICES PARTNERSHIP Opinion We have audited the financial slalemenls of Community Leisure Services Partnership Ithe 'charity'l for the year ended 31 March 2021 which comprise the statement of financial activities. the balance sheet, the stslement of cash flows and the notes lo the financial ststemenls, 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 Financi&l Reporting Standard applicable in the UK and Republic of Ireland Iuniled Kingdom Generally Accepted Accounting Practi1. In our opinion, the financial statements.. give a true and fair view of the state of the charity's affairs as at 31 March 2021 and of its incoming resources and application of resources, for the year then ended,. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared In accordance with the requirements of the Charities Act 2011, the Charities and Trustee Investment (Scollandl Act 2005 and regulation 8 of the Charities Accounts (SlIand) Regulations 2006 las amended). Basis for opinion We conducted our audit in accordan with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those stsndards are further described in the Audilorts responsibilities for the audit of the finsncial slslemenls section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial slalemenls 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 eviden we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty related to going concern We draw your attention to Note 1.2 to the Financial Slalemenls in relation to the current year's results, cashflow and future budgets. The budget forecast for 21122 continues lo show a deficit position, however the budget for 22123 shows a sm811 surplus is forecast lo be made and an improved cashflow. This, however, does not include plans or repayments factored into the cashflow lo be able to repay a significant long temi creditor balanTr and the recovery from ¢ovid-19 is slower than expected, giving rise lo the material uncertainly. The Trustees h8ve prepared fore¢asts that indicate the Charity can continue to pay ils debts as they fall due and the long-lerm creditor has confirmed they are willing lo continue lo support the charity. Thus, the Trustees Continue lo adopt the going concern basis of accounting in preparing the financial slalemenls. Our opinion is not modified in this respect. Conclusions relating to going concern In auditing the financial slalemenls, we have concluded that the Iruslees, use of the going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfonred, we have identified the material uncertainty above. We have not identified any further events or conditions that, individually or collectively, may cast SignifinI doubt on the charity's ability to continue as a going conrn 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 conrn are described in the relevant sections of this report.
COMMUNITY LEISURE SERVICES PARTNERSHIP INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF COMMUNITY LEISURE SERVICES PARTNERSHIP Other infomiation The other information comprises the infomiation included in the annual report other than the financial statements and our auditor's report thereon. The Iruslees are responsible for the other information contsined within the annual report. Our opinion on the financial statements dS not cover the other information and we not express any form of assurance conclusion Ihereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsislenl with the financial slalemenls or our knowledge obtained In the course of the audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misslalemenls, we are required lo determine whether this gives rise lo a material misststemenl in the financial statements themselves. If, based on the work we have perfomied, we conclude that there is a material misslalemenl of this other Information, we are required lo report that fact. We have nothing lo report in this regard. Matt&rs on which we are required to report by oxception We have nothing to report in respect of the following matters in relation to which the Charities IA¢wunts and Reports) Regulations 2008 and the Charities Accounts (Scollandl Regulations 200618s amended) require us to report to you if, in our opinion.. the infomalion given in the financial ststements is inconsistent in any material respect with the ttustees, report., or sufficient and proper accounting records have not been kept,. or the financial statements are not in agreement with the accounting rewrds.. or we have not received all the information and explanations we require for our audit. Rgspon$ibilitle$ of trust¢es As explained more fully in the slalemenl of trustees, responsibilities, the Iruslees are responsible for the preparation of the financial ststemenls 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 misslalement, whether due lo fraud or error. In preparing the financi81 statements, the trustees are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Iruslees either intend to cease operations, or have no realistic alletnative bul to do so. Auditorfs re8ponsibilitie$ for the audit of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and section 4411 Ilcl of the Charities and Trustee Investment (Scotlandl Act 2005 and report in a¢wrdan¢e with the Acts and relevant regulations made or having effect thereunder. Our objectives are lo 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 bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when il exists. Misslalemenls can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expe¢led lo influence the economic decisions of users taken on the basis of these financi81 statements. Irregularities, including fraud, are Instsns of non-complian with laws and regulations. We design procedures in line with our responsibilities, outlined above. lo delecl material misstatements in respect of irregularities, including fraud. The exlenl lo which our procedures are capable of delecling irregularities, including fraud, is detailed below.
COMMUNITY LEISURE SERVICES PARTNERSHIP INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF COMMUNITY LEISURE SERVICES PARTNERSHIP Extent to which the audit was considered capable of detecting irregularities, including fraud Our approach lo identifying and assessing the risks of material misslalemenl in respect of irregularities. including fraud and non-compliance with laws and regulations, was as follows. the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non<ompliance with applicable laws and regulations., we identified the laws and regulations applicable lo the Charity through discussions with Trustees and other management, and from our knowledge and experience of the sector", we focused on specific laws and regulations which we considered may have a direct material effect on the financial slalemenls or the operations of the charity, including the Charities Act 2011, the Charities SORP 2019 and data protection, anti-bribery, employment, environmentsl and health and safety legislation., we assessed the exlenl of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence., and identified laws and regulations were communicated within the audit team regularty and the team remained alert to instances of non-compli8nce throughout the audit. We assessed the susceplibilily of the charitable company's financial slalemenls to material misslatemenl, including obtaining an understanding of how fraud might occur, by.. making enquiries of management as lo where they considered there was susceplibilily lo fraud, their knowledge of actual, suspected and alleged fraud,. and considering the internal wnlrols in place lo mitigate risks of fraud and non-compliance wf(h laws and regulations. Audit response to risks identified To address the risk of fraud throLJgh management bias and override of controls. we.. perfomed analytical procedures to identify any unusual or unexpected relationships", reviewed all transactions Iisled., assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias", and investigated the rationale behind significant or unusual transactions. In response lo the risk of irregularities and non-complian with laws and regulations, we designed prOdureS which inclLJded. but were not limited to.. agreeing financial statement disclosure5 to underlying supporting documentation., and enquiring of management as to actual and potential litigation and claims. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely il is that we would become aware of noTFcompliance. Auditing standards also limit the audit procedures required to identify non-complian with laws and regulations to enquiry of the Trustees and other management and the inspection of wulatory and legal corresponden, rf any. Material misstatements that arise due to fraud can be harder lo delect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council's website al.. hllps'.11 www.frc.org.uklaudilorsresponsibilities. This description foms part of our auditovs report.
COMMUNITY LEISURE SERVICES PARTNERSHIP INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF COMMUNITY LEISURE SERVICES PARTNERSHIP Use of our report This report Is made solely lo the charity's Iruslees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008 and the Christies Accounts (Scollandl Regulations 2006 las amended). Our audit work has been undertaken so that we might slate lo the charity's Trustees those matters we are required to slate lo them in an auditors. report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than the charity's Iruslees as a body, for our audit work, for this report, or for the opinions we have formed. Alliotts LLP 16/0212022 Chartered Accountants statutory Audilor Friary Court 13-21 High Street Guildford Surrey GU13DL Alliotts LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006.
COMMUNITY LEISURE SERVICES PARTNERSHIP STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Unrestricted Unrestricted funds funds 2021 2020 Notes Donations and legacies Charitable activities Other trading a¢livilies 820,272 698,678 2,724,331 5,925 31,520 Total income 1,524,875 2,755,851 Raising funds 14,226 68,750 Charitable activities 1,698,751 2,656,815 Total resources expended 1,712,977 2,725,565 Net lexpenditurellincome for the yearf Net movement in funds 1188,1021 30,286 Fund balances at 1 April 2020 57,920 27,634 Fund balances at 31 March 2021 1130,1821 57,920 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
COMMUNITY LEISURE SERVICES PARTNERSHIP BALANCE SHEET ASAT31 MARCH 2021 2021 2020 Notes Fixed assets Tangible assets 11 31,913 61,059 Currgnt a$sgts Debtors Cash at bank and in hand 123,753 83.672 271,456 16,518 207.425 287,974 Crodltors.. amounts falllng du¢ wlthln one year 14 1320,8801 1291,1131 Net current liabilities {113,4551 13,1391 Total assets less current liabilities 181,5421 57,920 Creditors.. amounts falling due aftgr more than ono year 148,6401 Net Iliabilitiesllassets 1130,1821 57,920 Income funds Unreslricled funds 1130,1821 57,920 1130,1821 57,920 The financial statements were approved by the Trustees on .15th Feb, 2022 T Richardson, Trustee 10-
COMMUNITY LEISURE SERVICES PARTNERSHIP STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Notes Cash flows from operating activities Cash generated fromllabsorbed byl operations 17 17,154 154,2111 Invgsting a¢liviti9$ PLJrchase of tangible fixed assets 125,8811 Ngt cash used in invgsting activiti9$ 125.8811 Financing activities Repayment of bank loans 50,000 Net ¢ash generated froml{used Inl financing activities 50,000 Net increaselldecreasel in cash and cash equivalents 67,154 180,0921 Cash and cash equivalents al beginning of year 16,518 96,610 Cash and cash oqulvalents at end of year 83,672 16,518
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Accounting policies Charity information Community Leisure servIs Partnership is a charitable incorporated organisalion registered with the Charity Commission for England and Wales and the Scollish Charity Regulator. The registered office i% 43, Stickle Down, Deepcul, Surrey, GU16 8GB. 1.1 Accounting convention These accounts have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 1021. "Accounting and Reporting by Charities the Statement of Recommended Practice for charities applying FRS 102, the Charities Act 2011, the Charities and Trulsee Investment (Scollandl Act 2005 and UK Generally ACpIed Accounting Practice as it applies from 1 January 2015. The charity is a Publi¢ Benefit Entity as defined by FRS 102. The accounts are prepared in sterling, which is the functional currency of the charity. hAonelary amounts in these financial statements are rounded lo the nearest £. The financial slalemenls have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 1.2 Going concgm These financial slalements are prepared on the going conrn basis. The trustees have a reasonable expectation that the charity will continue in operational existence for the foreseeable future, however, the Iruslees are aware of certain material uncertainties which may cause doubl on the charity's ability lo continue as a going concern. This relates to the current year results. cashflow and future budgets. The budget forecast for 21122 continue5 to show a deficit position, however the budget for 22123 shows a small surplus is forecast to be made and an improved cashflow. This, however, does not include plans or repayments factored into the cashflow lo be able to repay a significant long term creditor balance and the recovery from covid-19 is slower than expected, giving rise to the material uncertainly. The Trustees h8ve prepared f0caSts that indicate the charity can continue to pay ils debts as they f811 due and the long term creditor has confirmed they are willing lo continue to support the charity. Thus the Trustees wnlinue to adopt the going concern basis of accounting in preparing the financial ststemenls. Our opinion is not modified in this respect. 1.3 Charitable funds Unrestricted funds are available for use al the discretion of the trustees in furtherance of their charitsble objectives. 1.4 Incoming resources Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and il is probable that income will be received. Shop income is measured al the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the nomial course of business, nel of discounts, VAT and other sales related taxes. The charity receives gym membership subscriptions and these are recognised in the accounts on receipt as there is no refund given for annual subscriptions should the member cease their membership. 12-
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accountlng pollcles {Contlnued} 1.5 Resources expended Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the Trust lo the expenditure and il can be measured reliably. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related lo the category. Costs of raising funds are those costs incurred in attracting voluntary income, the costs of trading for fundraising puip05es, investment management and certain legal fees. Support costs Include central functions and have been allocated to activity cost categories on a basis consistent with the use of resour$. Irrecoverable VAT is charged against the category or resources expended for which it was incurred. Tax recovered from voluntary income received under gift aid is recognised in the Statement of Financial Activities when the income is receivable and is allocated to the income category to which the income relates. 1.6 Tangible fixed assets Tangible fixed assets are initially measured al cost and subsequently measured at cost or valuation. nel of depreciation and any impairment losses. Individual fixed assets costing £100 or MO a c8Pitalised at cost. Tangible fixed assets are depreciated over their eslimaled useful lives as follows.. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Plant and equipment Fixtures and fittings depreciated over 2 10 5 years depreciated over 2 10 5 years The gain or loss arising on the disposal of an asset is determined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in net incomellexpendilurel for the year. 1.7 Impalmient of flxed assets At each reporting end dale, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaitrnenl105s. If any such indication exists, the recoverable amount of the asset Is esb"maled in order to determine the extent of the imlrMent loss lif any). 1.8 Cash and cash aquivalants Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 13-
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accountlng pollcles {Contlnued} 1.9 Financial instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial Instruments are recognised in the charity's balan sheet when the charity becomes paty lo the contractual provisions of the inslrumenl. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right lo sel off the recognised amounts and there is an intention to settle on a nel basis or lo realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including Ir8nsaclion costs and are subsequently carried al amortised cost using the effective interest method unless the arrangement conslitules a financing Iransaclion, where the transaction is measured at the present value of the future receipts discounted at a market rale of interest. Financial assets classified as re1vable within one year are not amortised. Bas1¢ flnanclal Ilabllltles Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement conslilules a financing transaction, where the debt instrument is measured al the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or serViS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured al amortised cost using the effective Interest method. Dere¢ognltlon of flnanclal Ilabllltles Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee beneflts The ¢osl of any unused holiday entitlement is recognised in the period in which the employee's serViS are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due. 14-
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Critical accounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, eslimales 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 resLJlts may differ from these estimates. The estimates and underfying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimales are re¢ognised 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 cutrenl and future periods. Critical judggmants The key judgement within these accounts relates to the treatment of deferred income. The charity receives some income relating to annual gym membership which is paid upfront. Per the terms and conditions of membership any amounts paid are non-refundable in the case of membership being Canlled before the year has finished. Therefore the income has been recognised as income in full upon reIpl and not deferred. Donations and legacies Unrestricted funds Total 2021 2020 Government grant income 820,272 During the year funds were reIVed under the government backed Coronavirus Job Retention Scheme ICJRSI, Small Business Grant and and Hospitality and Leisure Grant Schemes. These funds were used to cover the salaries of staff furloughed under the scheme and overheads. Charitablo activities Charitsble Charitable Income Income Heading 1 Haading 1 2021 2020 Membership fees 698,678 2,724,331 15-
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Other trading activities Unrestricted Unrestricted funds funds 2021 2020 Shop income 5,925 31,520 Raising funds Unrestricted Unrestricted funds funds 2021 2020 draisin Advertising 14,226 45,678 Shop expenditure 23,072 14,226 68,750 Charltable actlvltles 2021 2020 Staff costs Depreciation and impairment Charitable expenditure 845,498 1,069,919 29,146 35,6S2 818,057 1,537,083 1,692,701 2,642,664 Share of governance costs Isee note 81 6,050 14,151 1,698,751 2,656,815 16-
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Support costs Support Governance costs costs 2021 Support Governan costs costs 2020 Audit fees Managers meeting costs Governance costs 6,050 6,050 6,050 2,101 6,000 6,050 2,101 6,000 6,050 6,050 14,151 14,151 Analysed between Charitable activities 6,050 6,050 14,151 14,151 Governan costs comprises fees for managing the charity. Trustees None of the trustees or any connected persons received any remuneration or benefits from the charity during the year. 10 Employees The average monthly number of employees during the year was.. 2021 Number 2020 Number 83 106 Employment costs 2021 2020 dges and salaries Social security costs Other pension costs 801,703 33,988 9,807 1,009,491 45,735 14,693 845,498 1,069,919 17-
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 11 Tangible fixed assets Plant and Fixtures and equipment fittings Total Cost Al 1 April 2020 15,762 136,434 152,196 Al 31 March 2021 15,762 136,434 152,196 Depreciation and impaiment At 1 April 2020 Depreciation charged in the year 15,149 374 75,989 28,771 91,138 29,145 At 31 March 2021 15,523 104,760 120,283 Carrying amount At 31 March 2021 239 31,674 31,913 At 31 March 2020 613 60,446 61,059 12 Dgbtors 2021 2020 Amounts falllng duo wlthln one year: Trade debtors Other debtors Prepayments and accrued income 9,940 70,327 43,486 15,021 137,164 119,271 123,753 271,456 13 Loans and overdrafts 2021 2020 Bank loans 50,000 Payable within one year Payable after one year 1,360 48,640 The long-term loans are not secured as this is for a Bounce back loan which is a 100/ government backed guarantee loan. 18-
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 14 Creditors: amounts falling due within one year 2021 2020 Notes Bank loans Other taxation and social security Trade creditors Other creditors Accruals and deferred income 1,360 6,848 175,743 86,335 50,594 28,891 191,311 23,478 47,433 320,880 291,113 Included within creditors is £123,598 an amount owed to 3D Leisure Limited which relates to a hire purchsse agreement Ihst was taken out by 3D Leisuie Limited on behalf of Community Leisuie Services Partnership. Community Leisure Services Partnership have an agreement with 3D Leisure Limited commilling Community Leisure Services Partnership to paying the hire purchase agreement on behalf of 3D Leisure Limited. The legal title of the assets will be transferred upon completion of the hire purchase agreement lo Community Leisure Services Partnership. The assets covered by the hire purchase agreement are included within these accounts as fixed assets. 3D Leisure Limited provide this charity with facilities management and all transactions are on an arms length basis. 19-
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 15 Operating lease commitments Al the reporting end date the charity had oulslanding commitments for future minimum lease payments under nOn-¢anlIable operating leases. which fall due as follows.. 2021 2020 Within one year Betteen and five years 202,829 665,142 190,108 849,895 867,971 1,040,003 16 Related party transactlons Remuneration of key management personnel The remuneration of key management personnel is as follows. 2021 2020 Aggregate compensation 6,000 6,000 -20-
COMMUNITY LEISURE SERVICES PARTNERSHIP NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 16 Related party transactlons {Contlnued} No related party transactions were noted this year 12019.. Equipment of £1,107 was purchased from GymlQ't UK in the year, which has a Director in common with the charity). 17 Cash generated from operations 2021 2020 IDeficilllsurpus for the year 1188,1021 30,286 Adjustments for.. Depreciation and impairment of tangible fixed assets 29,146 35,662 Movements in working capital.. Decreasellincreasel in debtors Increaselldecreasel in creditors 147,703 28.407 1115,2981 14,8611 Cash ggngra19d fromllabsorbgd by) opgrations 17.154 154,2111 18 Analysls of changes In net funds At 1 Aprfl 2020 Cash flowsAt 31 March 2021 Cash at bank and in hand 16,518 67,154 83,672 Loans falling due within one year Loans falling due after more than one year 11,3601 {48.6401 11,3601 148,6401 16,518 17.154 33,672 21