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|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|
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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
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|||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|
##
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##
|||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|
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|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|
##
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|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|
##
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##
|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|
##
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##
|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|
##
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##
|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|
##
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##
|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|||
##
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##
|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|
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