2021-12-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report			2 to 7
Statement	ofTrustees' Responsibilities
Independent	Auditors' Report		8 to 12
Consolidated	Statement of Financial	Activities	13to 14
Consolidated	Balance Sheet		15
Balance Sheet			16
Consolidated	Statement of Cash Flows		17
Notes to the	Financial Statements		18to 35

Lockleaze Sports Centre Trust Independent Auditor's Report to the Members of Lockleaze Sports Centre Trust We ctsmmunicatéd identified laws and regulations throughout our team and remained alert lo any Indications ol non-compliance throughout the audit, We considered the procedureg and controls that the company has established lo address risks identified. or that otherwise prevent, deter and detect fraud.. and how senior management monitors those programme5 and controls. Based on this understanding we designed our audit piocedures to identify non-compliance with such laws and regulations. Where the risk was considered lo be higher. we perforrned audit procedures lo address each identified fraud risk. These procedures included". testing manual journals," reviewing the financial statemènt disclosures and testing lo supporting documentation". performing analytical piooedures,. and enquiring of management, and were designed to provide ieasonable as5urallGe that the financia5 statements were free fram fraud or errol. Owing lo thè inheiènl limitations of an audit, there is an unavoidable risk that we may not have dèlè¢led some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordancè with auditing standards. For example. the further reffloved non-complian￿ with laws and regulations lirrègulariliesl 15 frorn the events and transactions reflected in the financial statèmènts. the less likely the inherently limited proTrdures required by auditing standards would identify it. The risk is also greater regarding irregularities Dccurring duè to fraud ialher than error. as fraud involves intentional concealment, forgery. collusion, omission or mi5repiesentation. We are not responsible lor préventing non-¢omplian¢e and ¢3nnol be expected lo delect non-compliance with all laws and regLJlations. A further description of our iespon51bilities is available on the Financial Reporting Counal's website al". h Itps.Ilwww.Irc.org.uklOur-Work'AudiVAudil-and-assurancelSlandards-and-guidancelSlandaids- and-guldan￿-fOr-auditQrslAud1Iors-resp0nSibil1Iie$-for-aud1tloe$fjIiPtl0￿-oI-atyd1Iors-respOllsibIlitie5-f0r -audit.aspx. This description forms part ol our auditor's report. Page 11

		Total Recognised	Gains and Los	ses)
				Unrestricted	Total
				funds	2021
			Note	f
Income and Endowments		from:
Donations and legacies				95,400	95,400
Charitable activities				319,082	319,082
Other trading activities				215,461	215,461
Investment income				28	28
Other income				6,530	6,530
Total income				636,501	636,501
Expenditure on:
Raising funds				(752,426)	(752,426)
Charitable activities				(6,500)	(6,500)
Total expenditure				(758,926)	(758,926)
Net expenditure				(122,425)	(122,425)
Net movement in funds				(122,425)	(122,425)
Reconciliation of	funds
Total funds brought	forward			8,217,729	8,217,729
Total funds carried	forward		21	8,095,304	8,095,304

		Total Recognised	Gains and Los	ses)
				Unrestricted	Total
				funds	2020
			Note
Income and Endowments		from:
Charitable activities				319,129	319,129
Other trading activities				90,460	90,460
Investment income				321	321
Other income				1,991	1,991
Total income				411,901	411,901
Expenditure on:
Raising funds				(647,562)	(647,562)
Charitable activities				(6,500)	(6,500)
Total expenditure				(654,062)	(654,062)
Net expenditure				(242,161)	(242,161)
Net movement in funds				(242,161)	(242,161)
Reconciliation of	funds
Total funds brought	forward			8,459,890	8,459,890
Total funds carried	forward			8,217,729	8,217,729

					2021	2020
				Note
Fixed assets
Tangible assets				13	7,848,248	8,027,425
Current assets
Stocks				15	6,974	2,688
Debtors				16	72,134	71,218
Cash at bank	and	in hand		17	417,045	349,600
					496,153	423,506
Creditors: Amounts			falling due within one year	18	~204,793)	(183,692)
Net current assets					291,360	239,814
Total assets	less	current liabilities			8,139,608	8,267,239
Creditors: Amounts			falling due after more than one year	19	(44,304)	(49,510)
Net assets					8,095,304	8,217,729
Funds ofthe	group:
Unrestricted	income		funds
Unrestricted funds					8,095,304	8,217,729
Total funds				21	8,095,304	8,217,729

			(Registration number Balance Sheet as at 31	: 0882443 December	5) 2021
					2021	2020
				Note	8
Fixed assets
Tangible assets				13	7,848,248	8,027,425
Investments				14	1	1
					7,848,249	8,027,426
Current assets
Debtors				16	14,280	27,037
Cash at bank	and	in hand		17	299,309	287,141
					313,589	314,178
Creditors: Amounts			falling due within one year	18	(130,202)	(132,213)
Net current assets					183,387	181,965
Net assets					8,031,636	8,209,391
Funds ofthe	charity:
Unrestricted	income		funds
Unrestricted					8,031,636	8,209,391
Totalfunds					8,031,636	8,209,391

			2021	2020
		Note	f	6
Cash flows from operating activities
Net movement in funds			(122,425)	(242,161)
Adjustments to cash flows from non-cash	items
Depreciation			224,641	221,147
Investment income			(28)	(321)
			102,188	(21,335)
Working capital adjustments
(Increase)/decrease in stocks		15	(4,286)	3,878
Increase in debtors		16	(916)	(20,607)
Increase/(decrease) in creditors		18	15,709	(3,905)
Net cash flows from operating activities			112,695	(41,969)
Cash flows from investing activities
Interest receivable and similar income		6	28	321
Purchase oftangible fixed assets		13	(45,464)	(131,118)
Net cash flows from investing activities			(45,436)	(130,797)
Cash flows from financing activities
Repayment ofloans and borrowings		18	186	50,000
Net increase/(decrease) in cash and cash equivalents			67,445	(122,766)
Cash and cash equivalents at 1 January			349,600	472,366
Cash and cash equivalents at 31 December			417,045	349,600

3 Inco	me from	donations and legacies
			Unrestricted	funds	Total
			Designated f	General E	fundsf
Grants,	including	capital grants;
Grants	from companies		45,000	50,400	95,400
Total for 2021			45,000	50,400	95,400

4 Incom	e from charitable activities
		Unrestricted
		funds	Total
		General	funds
Sporting	activities	319,082	319,082
Total for	2021	319,082	319,082
Total for	2020	319,129	319,129

5 Inco	me from other trading activities
		Unrestricted
		funds	Total
		General	funds
Trading	income;
Sales	ofgoods and services	215,461	215,461
Total for 2021		215,461	215,461
Total for 2020		90,460	90,460

6 Investment inc	ome
		Unrestricted
		funds	Total
		General	funds
		f
Interest receivable	and similar income;
Interest receivable	on bank deposits	28		28
Total for 2021		28		28
Total for 2020		321		321

a) Co	sts	oftra	ding activities
				Unrestricted
				funds	Total
				General	funds
				6	6
Costs	of	goods	sold	109,849	109,849
Total	for	2021		109,849	109,849
Total	for	2020		56,294	56,294

b) Invest	ment management cos	ts
			Unrestricted	funds	Total
			Designated	General	funds
		Note			Z
Allocated	support costs	9	203,965	268,367	472,332
Total for	2021		203,965	268,367	472,332
Total for	2020		200,991	252,236	453,227

8 Expendit	ure on charitable activiti	es
			Unrestricted
			funds	Total
			General	funds
		Note	E	E
Governance	costs	9	6,500	6,500
Total for 2020			6,500	6,500

Raising fun	ds ex	pe	nditure
				Unrestricted
						Total	Total
				Designated	General	2021	2020
				E	E	E	E
Staff training					340	340	1,091
Premises cost					124,426	124,426	118,222
Telephone,	software		and
subscriptions					28,195	28,195	21,783
Advertising	and sundry expense				8,672	8,672	7,580
Legal, consultancy		and
accountancy					66,715	66,715	68,576
Finance charges					19,343	19,343	14,828
Depreciation				203,965	20,676	224,641	221,147
				203,965	268,367	472,332	453,227

Governance costs
		Unrestricted
		funds	Total
		General	funds
		E
Audit fees
Audit ofthe financial	statements	6,500	6,500
Total for 2021		6,500	6,500
Total for 2020		6,500	6,500

10Staffcosts
The aggregate	payroll costs were as follows:
			2021	2020
			6
Staff costs during		the year were:
Wages and salaries			163,222	133,690
Social security	costs		5,140	3,006
Pension costs			1,883	1,345
			170,245	138,041

				2021	2020
				6
Audit	ofthe	financial	statements	6,500	6,500

Group
	Land and	Furniture and
	buildings	equipment f	Total F
Cost
At 1 January 2021	8,341,918	84,573	8,426,491
Additions	39,588	5,876	45,464
At 31 December 2021	8,381,506	90,449	8,471,955
Depreciation
At 1 January 2021	350,642	48,424	399,066
Charge for the year	203,964	20,677	224,641
At 31 December 2021	554,606	69,101	623,707
Net book value
At 31 December 2021	7,826,900	21,348	7,848,248
At 31 December 2020	7,991,276	36,149	8,027,425

Charity
	Land and	Furniture and
	buildings	equipment	Total
		8
Cost
At 1 January 2021	8,341,918	84,573	8,426,491
Additions	39,588	5,876	45,464
At 31 December 2021	8,381,506	90,449	8,471,955
Depreciation
At 1 January 2021	350,642	48,424	399,066
Charge for the year	203,964	20,677	224,641
At 31 December 2021	554,606	69,101	623,707
Net book value
At 31 December 2021	7,826,900	21,348	7,848,248
At 31 December 2020	7,991,276	36,149	8,027,425

Subsidiary
undertakings	Total

			Country	of		Proportion	ofvoting	Principal
Undertaking			incorporation		Holding	rights and	shares held	activity
						2021	2020
Subsidiary		undertakings
								The
								company
Lockleaze Sports Centre Ltd			England Wales	and		100%	100%	runs Sports Centre	the on
								behalf of	the
								charity.
15Stock
						Group		Charity
						2021	2020f	2021
Stocks						6,974	2,688

16Debtors
		Group		Charity
		2021 f	2020	2021 6	2020 f
Trade debtors		42,255	43,763
Due from group undertakings				1,171	26,	137
Prepayments		29,879	13,402	13,109		900
VAT recoverable			14,053
		72,134	71,218	14,280	27,037
17Cash and	cash equivalents
		Group		Charity
		2021	2020	2021	2020
			6
Cash at bank		417,045	349,600	299,309	287,	141
18Creditors:	amounts	falling due within one year
		Group		Charity
		2021f	2020	2021	2020 6
B ank loans		5,882	490
T rade creditors		158,037	150,254	124,441	128,052
Other taxation	and social
security		5,250	3,621
VAT liability		6,405
Other creditors		671	331
Accruals		28,548	28,996	5,761	4,	161
		204,793	183,692	130,202	132,213

19Creditors: amounts	falling due after one year
		Group		Charity
		2021	2020	2021
		5	5	F.
Bank loans		44,304	49,510

Group
						Balance at 31
		Balance	at 1	Incoming	Resources	December
		January	2021	resources	expended	2021
					F
Unrestricted	funds
General		678,476		591,501	(554,961)	715,016
Designated		7,539,253		45,000	(203,965)	7,380,288
Tots I funds		8,217,729		636,501	(758,926)	8,095,304
Charity
						Balance at 31
		Balance	at 1	Incoming	Resources	December
		January	2021	resources	expended	2021
		6			8	6
Unrestricted	funds
General		670,138		6,558	(25,348)	651,348
Designated		7,539,253		45,000	(203,965)	7,380,288
Total funds		8,209,391		51,558	(229,313)	8,031,636

Group
					Total funds
					at 31
			Unrestricted	funds	December
			General	Designated	2021
					6
Tangible	fixed	assets	582,832	7,265,416	7,848,248
Current	assets		496,153		496,153
Current	liabilities		(204,793)		(204,793)
Creditors over		1 year	(44,304)		(44,304)
Total net assets			829,888	7,265,416	8,095,304
					Total funds
					at 31
			Unrestricted	funds	December
			General	Designated	2020
				6
Tangible	fixed	assets	558,045	7,469,380	8,027,425
Current	assets		423,506		423,506
Current Creditors	liabilities over 1 year		(183,692) (49,510)		(183,692) ~49.5107
Total nel	assets		748,349	7,469,380	8,217,729

Group
				At 31
		At 1 January	Financing	December
		2021	cash flows 6	2021f
Cash at bank and	in hand	349,600	67,445	417,045
Nel debt		349,600	67,445	417,045
				At 31
		At 1 January	Financing	December
		2020	cash flows	2020
Cash at bank and	in hand	472,366	(122,766)	349,600
Net debt		472,366	~122,766	349,600