2021-03-31-accounts - South Downs Leisure

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			Page
Report ofthe Trustees, including strategic	report		1-16
Reference and administrative details of the	Charitable	Company,	2
its Trustees and advisors
Structure, governance and management			3.5
Objectives and activities			6.10
Achievement and performance			10-11
Financial review			12.15
Plans for future periods			15
Trustees responsibilities
Report ofthe independent auditors			17.19
Consolidated Statement ofFinancial Activities			20
(Incorporating an Income and Expenditure	Account)
Consolidated Balance Sheet			21
Company Balance Sheet			22
Consolidated Cash Flow Statement			23
Notes to the Consolidated Cash Flow Statement			24
Notes to the Consolidated Financial Statements			25 45

					'
				I	I
F&BWorthin LC			N/A	On	hold	On hold
F&BS lash oint			N/A	On	hold	On hold
F&BField Place			N/A	On	hold	On hold
Mana ement Audit	WLC		N/A	On	hold	On hold
Mana ement Audit	SP		N/A	On	hold	On hold
Mana ement Audit	FP		N/A	On	hold	On hold
Mana ament Audit	DLC		N/A	On	hold	On hold
Quality Audits Worthing		LC
Quality Audits Splashpoint
Quality Audits Field	Place
Quality Audits Davison LC
H&S Audit Worthing	LC
H&S Audit Splashpoint
H&S Audit Field Place
H&S Audit Davison	LC
NPS Worthing LC
NPS Splashpoint
NPS Group
On tar et
&15'/0

		Notes	Unrestricted	Restricted	31.3.21	31.3.20
			Funds	Funds	Total	Total
					Funds	Funds
					f	f
INCOME
Donation income				1,324,623	1,324,623	50,889
Income from charitable activities:
Operation of leisure, recreation		6	1,612,765	4,283	1,617,048	5,951,772
sites and heagh activities
Income from other trading	activities:
Commercial trading operations		7	266,189	54,983	321,172	565,064
Olher income			1,608,634		1,608,634
TOTAL INCOME			3,487,588	1,383,889	4,871,477	6,567,725
EXPENDITURE
Costs ofraising funds:
Commercial trading operations		7	142,719	54,983	197,702	548,685
Expendilure on charitable	aclivilies:
Operation ofleisure, recreation		10	2,666,388	1,327,602	3,993,990	6,110,830
sites and health activities
TOTAL EXPENDITURE			2,809,107	1,382,585	4,191,692	6,659,515
NET (EXPENDITURE)	I INCOME		678,481	1,304	679,785	(91,790)
BEFORE TAXATION AND
TRANSFERS
GROSS TRANSFERS	BETWEEN
FUNDS
NET MOVEMENT IN FUNDS			678,481	1,304	679,785	(91,790)
RECONCILIATION OF FUNDS:		26
FUNDS BROUGHT FORWARD			890,761	33,311	924,072	1,015,862
FUNDS CARRIED FORWARD			1,569,242	34,615	1,603,857	924,072

				CONSOLIDATED	BALANCE	SHEET
				AT 31 MARCH 2021
				31.3.21		31.3.21	31.3.20	31.3.20
				Total		Total	Total	Total
				Funds		Funds	Funds	Funds
					f	6	8	8
			Notes
FIXEDASSETS
Intangible assets			16			54,666		77,756
Tangible assets			17			263,582		337,421
Investments			18
						318,248		415,177
CURRENT ASSETS
Stocks			19	33,819			8,409
Debtors			20	1,087,760			301,795
Cash at bank and	in hand			1,746,455			869,651
				2,868,034			1,179,855
CREDITORS
Amounts falling due within one year			21	~793,343			639,151
NET CURRENT ASSETS						2,074,691		540,704
TOTAL ASSETS	LESSCURRENT
LIABILITIES						2,392,939		955,881
CREDITORS
Amounts falling due after year		one	22	~762	500
						(762,500)
PROVISIONS FOR			15			(26,582)		(31,809)
LIABILITIES
NET ASSETS						1,603,857		924,072
FUNDS
Unrestricted income funds						235,056		117,005
Unrestdicted designated		funds				1,334,186		773,756
Restricted funds						34,615		33,311
TOTAL FUNDS			26			1,603,857		924,072

			COMPANY BALANCE SHEET	COMPANY BALANCE SHEET
			AT 31 MARCH 2021
			31.3.21	31.3.21	31.3.20	31.3.20
			Total	Total	Total	Total
			Funds	Funds	Funds	Funds
			6		6	6
		Notes
FIXEDASSETS
Intangible assets		16		54,666		77,756
Tangible assets		17		123,678		170,006
Investments		18		1		1
				178,345		247,763
CURRENT ASSETS
Stocks		19	33,819		8,409
Debtors:		20	1,137,081		514,257
Cash at bank and in hand			1,499,898		538,823
			2,670,798		1,061,489
CREDITORS
Amounts falling due wilhin
one year		21	(817,842)		(502,185)
NET CURRENT ASSETS				1,852,956		559,304
TOTAL ASSETS LESS	CURRENT			2,031,301		807,067
LIABILITIES
CREDITORS
Amounts falling due within one year		22	~662,600
				(662,500)
NET ASSETS				1,368,801		807,067
FUNDS
Unrestricted designated	funds			1,334,186		773,756
Restricted funds				34,615		33,311
TOTAL FUNDS		26		1,368,801		807,067

				Group	Group	Company	Company
				31.3.21	31.3.20	31.3.21	31.3.20
				6	6	6
Cash flows from	operating	activities	1	87,098	172,089	230,566	15,583
Cash flows from	investing	activities
Purchase of tangible fixed assets				(19,800)	(122,307)	(19,800)	(106,320)
Purchase of intangible fixed assets					(62,638)	—	(62,638)
Finance charges				(40,494)	(40,152)	(36,710)	(36,756)
Interest receivable						5,419	7,081
Net cash from	investing			(60,294)	(225,097)	(51,092)	(198,633)
activities
Cash flows from	financing	activities
Loan to Enterprises						31,600	31,600
New loan				850,000		750,000
				850,000		781,600	31,600
(Decrease)/increase in cash and cash				876,804	(53,008)	961,075	(151,450)
equivalents in the reporting		period
Cash and cash equivalents		at the		869,651	922,659	538,823	690,273
beginning ofthe	reporting	period
Cash and cash equivalents		at the end		1,746,455	869,651	1,499,898	538,823
ofthe reporting	period

					Group	Group	Company	Company
					31.3.21	31.3.20	31.3.21	31.3.20
						f	f	f
Net inoome /(expenditure)		for the
reporting period (as per the statement				of
financial activities)					679,785	(91,790)	561,734	(101,088)
Depreciation/amortisation		charges			116,730	160,574	89,220	133,372
Finance costs					40,494	40,152	36,710	36,756
Interest received							(5,419)	(7,081)
(Decrease) / Increase	in	stock			(25,410)	38,215	(25,410)	38,215
(Increase) / Decrease	in	debtors			(785,965)	53,849	(809,974)	13,093
Decrease / (Increase) Increase / (Decrease)	in in	intercompany creditors			61,464		310,709 72,996	(81,206) ~78,478
Net cash flow from operating			activities		87,098	172,089	230,566	15,583
. ANALYSIS OF	CASH AND CASH				EQUIVALENTS
Group
							31.3.21	31.3.20
Cash in hand and		at bank					1,746,455	869,651
							1,746,455	869,651
Company
							31.3.21	31.3.20
								f
Cash in hand and		at bank					1,499,898	538,823
							1,499,898	538,823

								31.3.21	31.3.20
								f
Gross incoming			resources			Operation	of leisure centres	915,429	5,951,772
						Grants (note 6)		701,619
						Donations	(note 5)	1,324,623	50,889
						Other income (note 8)		1,608,634
								4,550,305	6,002,661
Total expenditure			on charitable		activities			(3,993,990)	(6,110,830)
Loan interest		from subsidiary						5,419	7,081
Net incoming		/(outgoing)		resources				561,734	101,088
DONATION		INCOME
								31.3.21	31.3.20
								f
Donation	income							1,324,623	50,889

					31.3.21	31.3.20
Gross incoming		resources	Operation	of leisure centres	915,429	5,951,772
			Grants		701,619
Net incoming	/	(outgoing) resources			1,617,048	5,951,772

Grants receiv	ed, inclu	ded in the ab	ove, are as follows:
				31.3.21	31.3.20
				f
Local Restrictions Support Grant (LRSG)				17,285
Business Rate Grant				89,427
Coronavirus	Business	Interruption	Loan Scheme (CBILS)Interest grant	27,000
Other Local	Authority	grants		567,907
Net incoming	/ (outgoing) resources			701,619

				Direct	Direct		Support	31.3.21	31.3.20
				Costs	Staff		Costs	Total	Total
					Costs	(see	note 11)	Charitable	Charitable
								Activities f	Activitiesf
Leisure,	recreation	and	health
activities				1,301,008	2,388,685		304,297	3,993,990	6,110,830

Support cos	ts, included in the above, are as followm
		31.3.21	31.3.20
		Operation of	Operation of
		leisure,	leisure,
		recreation sites	recreation sites
		and health	and health
		activities	activities
		f	6
External supporl services		113,253	105,969
Premises expenses			22,355
Advertising	& marketing	9,718	46,769
Office administration		59,039	57,343
Consultancy		48,775	21,546
Training		498	28,949
Finance costs		36,710	36,756
Governance	costs	24,618	24,974
Other support costs		11,686	15,161
		304,297	359,822

			31.3.21	31.3.20
			f	f
Hire ofequipment			69,563	76,113
Depreciation			93,639	142,565
Amorlisation			23,091	18,009
Auditors' remuneration			20,777	22,159
Auditors' remuneration	for non-audit	work	3,400	3,400

STAFF COSTS
														31.3.21	31.3.20
Company Wages and salaries														2,061,759	3,128,039
Social secudity costs														94,674	145,948
Defined benefit pension costs														187,493	309,434
Redundancy and severance		payments												44,759
														2,388,685	3,583,421
Subsidiary
Wages and salaries														79,456	144,319
Social security costs														4,854	10,044
Other pension costs														7,121	14,483
														91,431	168,846
														2,480,116	3,752,267
The average monthly	number of		employees			during		the	year was as follows:
														31.3.21	31.3.20
														295	440
The total amount of	employee		benefits		received			by	key management		personnel	was	E302,196 (2020: F408,279). The
Charitable Company	considers		its key		management				personnel to	be	the Chief	Executive,		Finance Director,	Operations
Director, HR Executive, Sales and				Marketing			Director		and the staff trustees.
The number ofemployees		whose emoluments					fell	within the following		bands was:				31.3.21	31.3.20
F60,001 - E70,000														1	2
F80,001 - F90,000														1
E100,001 - E110,000
The number ofemployees		earning		in excess			ofE60,000 (for the year)			to	whom retirement		benefits are accruing:

		31.3.21	31.3.20
		E
Current tax:
UK corporation	tax	32,918	4,312
Deferred taxation movement		~3,227	~2,131
Tax on trading	profit	27,691	2,181

Group and company
	Computer	software
		f
COST
At 1 April 2020		112,984
Additions
Disposals
At 31 March 2021		112,984
AMORTISATION
At 1 April 2020		35,228
Charge for year		23,090
Eliminated on disposal
At 31 March 2021		58,318
NET BOOK VALUE
At 31 March 2021		54,666
At 31 March 2020		77,756

	Exercise	Fixtures and	IT, audio and
	Equipment	fiNings	visual equipment	Totals
	f	f	f	f
COST
At 1 Apdil 2020	333,365	441,124	105,423	879,912
Additions	14,320		5,480	19,800
Disposals
Reclassification			3,600
At 31 March 2021	344,085	441,124	114,503	899,712
DEPRECIATION
At 1 April 2020	260,242	180,189	102,060	542,491
Charge for year	30,196	61,672	1,771	93,639
Eliminated on disposal
Reclassification			3,600
At 31 March 2021	286,838	241,861	107,431	636,130
NET BOOK VALUE
At 31 March 2021	57,247	199,263	7,072	263,582
At 31 March 2020	73,123	260,935	3,363	337,421

	Exercise	Fixtures and	IT, audio and
	Equipment	fittings	visual equipment		Totals
	6	6	6		6
COST
At 1 April 2020	333,365	216,462	105,423		655,250
Additions	14,320		5,480		19,800
Disposals
Reclassification			3,600
At 31 March 2021	344,085	216,462	114,503		675,050
DEPRECIATION
At 1 April 2020	260,242	122,942	102,060		485,244
Charge for year	30,196	34,161	1,771		66,128
Eliminated on disposal
Reclassification			3,600
At 31 March 2021	286,838	157,103	107,431		551,372
NET BOOK VALUE
At 31 March 2021	57,247	59,359	7,072		123,678
At 31 March 2020	73,123	93,520	3,363		170,006
FIXEDASSET INVESTMENTS
Company
				Shares	in group
				undertakings
MARKET VALUE
At 1 April 2020 and 31 March 2021
NET BOOK VALUE
At 31 March 2020 and 31 March 2021

31.3.21	31.3.20
f
235,056	117,005
118,051	9,298

							Group		Company	Company
						31.3.21		31.3.20	31.3.21	31.3.20
						f		f	f	6
Stocks						33,819		8,409	33,819	8,409
Stock amounts		recognised			within expenditure	for the current period	are 636,864 (2020:		6291,315).
DEBTORS
							Group		Company
						31.3.21		31.3.20	31.3.21	31.3.20
						6		f	6	6
Trade debtors						265,948		124,573	254,624	100,293
Other debtors						2,653		65,849	2,653	64,640
Loan to associate under				1	year				31,600	31,600
Prepayments and accrued					income	819,159		111,373	816,604	98,976
Amounts	owed	by group		undertakings						155,548
						1,087,760		301,795	1,105,481	451,057
Loan to associate over 1 year									31,600	63,200
Aggregate	amounts					1,087,760		301,795	1,137,081	514,257
CREDITORS:		AMOUNTS			FALLING DUE WITHIN ONE YEAR
							Group		Company
						31.3.21		31.3.20	31.3.21	31.3.20
						6		6	6	f
Trade creditors						89,826		236,550	89,182	233,194
Taxation						32,918		4,312
Social security		and other		tax		77,866		124,266	75,431	109,951
Other creditors						78,700		1,702	78,700	1,702
Accrued expenses						116,763		87,803	107,582	68,819
Deferred	income					309,770		184,518	224,287	88,519
Amounts	due to		group undertakings						155,160
Bankloans						87,500			87,500
						793,343		639,151	817,842	502,185
Deferred	Income
							Group		Company
						31.3.21		31.3.20	31.3.21	31.3.20
						6		6	f	6
Deferred	income		at 1 April		2020/1 9	184,518		181,825	88,519	96,971
Deferred	during		the period			309,770		184,518	224,287	88,519
Amounts	released to income from prior periods					~184,518		~181,825	~88,519	~96,971
Deferred	income		at 31 March 2021/20			309,770		184,518	224,287	88,519

						Group		Company
					31.12.21		31.12.20	31.12.21	31.12.20
					f		f	6	6
Bank loans		(see note 23)			762,500			662,500
					762,500			662,500
LOANS
An analysis		ofthe maturity	ofloans is given below:
						Group		Company
					31.12.21		31.12.20	31.12.21	31.12.20
					8		8	6	6
Amounts	falling due within		one year on demand:
Bankloans					87,500			87,500
					87,500			87,500
Amounts	falling due between			one and two years:
Bank loans					170,000			150,000
					170,000			150,000
Amounts	falling due between			two and five years:
Bankloans					340,000			300,000
					340,000			300,000
Amounts	falling due in more than five years:
Repayable		by instalments
Bank loans					252,500			212,500
					252,500			212,500

		Non-cancellable	operating
		leases
		31.3.21	31.3.20
Due	& 1 year	44,483	67,062
Due	1-2years		44,483
Due	2-5 years
		44,483	111,545

Group					31.3.21	31.3.20
		Unrestricted funds	Restricted	funds	Total funds	Total funds
		f		f	f	f
Fixed Assets		318,248			318,248	415,177
Current	Assets	2,833,419		34,615	2,868,034	1,179,855
Current	Liabilities	(793,343)			(793,343)	(639,151)
Long Term Liabilities		~785,082			~789,082	~31,809
		1,569,242		34,615	1,603,857	924,072
Company					31.3.21	31.3.20
		Unrestdicted funds	Restricted	funds	Total funds	Total funds
		f		f		f
Fixed Assets		178,344			178,344	247,762
Investment		1			1	1
Current	Assets	2,636,183		34,615	2,670,798	1,061,489
Current	Liabilities	(817,842)			(817,842)	(502,185)
Long Term Liabilities		~662,500			@5562,500
		1,334,186		34,615	1,368,801	807,067

Group				31.3.20	31.3.19
		Unrestricted	Restdicted
		funds	funds	Total funds	Total funds
			f.	f
Fixed Assets		415,177		415,177	390,806
Current	Assets	1,146,544	33,311	1,179,855	1,324,927
Current	Liabilities	(639,151)		(639,151)	(665,931)
Long Term Liabilities		~31,009		~31,809	~33,940
		890,761	33,311	924,072	1,015,862
Company				31.3.20	31.3.19
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
		f	f	f	f
Fixed Assets		247,762		247,762	212,176
Investment		1		1	1
Current	Assets	1,028,178	33,311	1,061,489	1,228,134
Current	Liabilities	(502,185)		(502,185)	(532,156)
Long Term Liabilities
		773,756	33,311	807,067	908,155

Group				At 1.4.20	Net movement	At 31.3.21
					in funds
Unrestricted funds
General				117,005	118,051	235,056
Designated				773,756	560,430	1,334,186
				890,761	678,481	1,569,242
Restricted funds
Short Breaks Buddy PT				6,311	(153)	6,158
Walking Football				759		759
Disability Fun Day				5,770	(68)	5,702
Awards for all				9,950		9,950
Green Dreams				1,417	1,190	2,607
Winter Pressures	Chair	Based Pilates		3,922	382	4,304
Aiming High Trampoline		Equipment		1,575	(47)	1,528
Safe in Sussex Community			Grant	2,500		2,500
Dementia Friendly	Pottery			440		440
Disability Disco				667		667
				33,311	1,304	34,615
TOTAL FUNDS				924,072	679,785	1,603,857
Company				At 1.4.20	Net movement	At 31.3.21
					in funds
Unrestricted funds
Designated				773,756	560,430	1,334,186
				773,756	560,430	1,334,186
Restricted funds
Short Breaks Buddy PT				6,311	(153)	6,158
Walking Football				759		759
Disability Fun Day				5,770	(68)	5,702
Awards for all				9,950		9,950
Green Dreams				1,417	1190	2,607
Winter Pressures	Chair	Based Pilates		3,922	382	4,304
Aiming High Trampoline		Equipment		1,575	(47)	1,528
Safe in Sussex Community			Grant	2,500		2,500
Dementia Friendly	Pottery			440		440
Disability Disco				667		667
				33,311	1,304	34,615
TOTAL FUNDS				807,067	561,734	1,368,801

Group				At 1.4.19	Net movement	At 31.3.20
					in funds
Unrestricted funds
General Designated				107,707 861,014	9,298 ~87,288	117,005 773,756
				968,721	(77,960)	890,761
Restricted funds
Short Breaks Buddy PT				8,720	(2,409)	6,311
Walking Football				8,587	(7,828)	759
Disability Fun Day				15,892	(10,122)	5,770
Football Mash up	grant			800	(800)
Leisure Futures				3,000	(3,000)
Awards for all				9,950		9,950
Green Dreams				192	1,225	1,417
Winter Pressures	Chair	Based Pilates			3,922	3,922
Aiming High Trampoline		Equipment			1,575	1,575
Safe in Sussex Community			Grant		2,500	2,500
Dementia Friendly	Pottery				440	440
Disability Disco					667	667
				47,141	(13,830)	33,311
TOTAL FUNDS				1,015,862	91,790	924,072
Company				At 1.4.19	Net movement	At 31.3.20
					in funds
Unrestricted funds
Designated				861,014	87,258	773,756
				861,014	(87,258)	773,756
Restricted funds
Short Breaks Buddy PT				8,720	(2,409)	6,311
Walking Football				8,587	(7,828)	759
Disability Fun Day				15,892	(10,122)	5,770
Football Mash up	grant			800	(800)
Leisure Futures				3,000	(3,000)
Awards for ag				9,950		9,950
Green Dreams				192	1,225	1,417
Winter Pressures	Chair	Based Pilates			3,922	3,922
Aiming High Trampoline		Equipment			1,575	1,575
Safe in Sussex Community			Grant		2,500	2,500
Dementia Friendly	Pottery				440	440
Disability Disco					667	667
				47,141	(13,830)	33,311
TOTAL FUNDS				908,155	101,088	807,067

Group				Income	Expenditure	Transfers	Net movement
							in funds
Unrestricted funds
General				266,189	(142,719)	(5,419)	118,051
Designated				3,221,399	~2, 666,388	5,419	560,430
				3,487,588	(2,809,107)		678,481
Restricted funds
Short Breaks Buddy		PT			(153)		(153)
Disability Fun Day				1,212	(1,280)		(68)
Green Dreams				2,688	(1,499)		1,189
Winter Pressures	Chair		Based Pilates	383			383
Aiming High Trampoline			Equipment		(47)		(47)
HMRC Job Retention		Scheme Grant		1,379,606	~1,379,686
				1,383,889	(1,382,585)		1,304
TOTAL FUNDS				4,871,477	4,191,692		679,785
Company				Income	Expenditure	Transfers	Net movement
							in funds
Unrestricted funds
Designated				3,226,818	2,666,388		560,430
				3,226,818	(2,666,388)		560,430
Restricted funds
Short Breaks Buddy		PT			(153)		(153)
Disability Fun Day				1,212	(1,280)		(68)
Green Dreams				2,688	(1,499)		1,189
Winter Pressures	Chair		Based Pilates	383			383
Aiming High Trampoline			Equipment		(47)		(47)
HMRC Job Retention		Scheme Grant		1,324,623	~I,324,623
				1,328,906	(1,327,602)		1,304
TOTAL FUNDS				4,555,724	3,993,990		561,734

Group	Group			Income	Expenditure	Transfers	Net movement
							in funds
Unrestricted funds
General				565,064	(548,685)	(7,081)	9,298
Designated				5,981,286	~6,075,625	7,081	~87,258
				6,546,350	(6,624,310)		(77,960)
Restricted funds
Short Breaks Buddy PT				3,960	(6,369)		(2,409)
Walking Football				7	(7,835)		(7,828)
Disability Fun Day					(10,122)		(10,122)
Football Mash up	grant				(800)		(800)
Leisure Futures					(3,000)		(3,000)
Awards for all
Green Dreams				2,500	(1,275)		1,225
Winter Pressures	Chair	Based Pilates		5,000	(1,078)		3,922
Aiming High Trampoline		Equipment		1,575			1,575
Safe in Sussex Community			Grant	2,500			2,500
Dementia Friendly	Pottery			440			440
Disability Disco				5,393	4,726		667
				21,375	(35,205)		(13,830)
TOTAL FUNDS				6,567.725	JBB659,515		91,790
Company				Income	Expenditure	Transfers	Net movement
							in funds
Unrestricted funds
Designated				5,988,367	6,075,625		87,258
				5,988,367	(6,075,625)		(87,258)
Restricted funds
Short Breaks Buddy PT				3,960	(6,369)		(2,409)
Walking Football				7	(7,835)		(7,828)
Disability Fun Day					(10,122)		(10,122)
Football Mash up	grant				(800)		(800)
Leisure Futures					(3,000)		(3,000)
Awards for all
Green Dreams				2,500	(1,275)		1,225
Winter Pressures	Chair	Based Pilates		5,000	(1,078)		3,922
Aiming High Trampoline		Equipment		1,575			1,575
Safe in Sussex Community			Grant	2,500			2,500
Dementia Friendly	Pottery			440			440
Disability Disco				5,393	4,726		667
				21,375	(35,205)		(13,830)
TOTAL FUNDS				6,009,742	~0, 770.050		101,088