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2021-03-31-accounts

Reference
and Administrative
Details		 Reference
and Administrative
Details
Trustees' Report 2 to 5
Strategic Report 6to14
Statement ofTrustees' Responsibilities 15
Independent
Auditors'		 Report 16to 18
Consolidated
Statement		 ofFinancial Activities 19to 20
Consolidated
Balance		 Sheet 21
Balance Sheet 22
Consolidated
Statement		 ofCash Flows 23
Notes to the Financial Statements 24 to 51

Lines Inspire Limited Lines Inspire Limited Lines Inspire Limited Lines Inspire Limited Lines Inspire Limited
Reference and Administrative Details
Chairman M Towle
Trustees A Bird
S Bhaduri
SJack
TWalker
Secretary R Marshall
Senior Management Team SWells, CEO
D Huddleston, Finance Director
A Hipkins,
Head ofCultural		 Services
C Willianis,
General		 Manager
RTopliss, Contracts and Performance Manager
Registered Office Bradley Football Development Centre
Bradley Road
Grimsby
North East Lincolnshire
DN37 OAG
The charity is incorporated in England.
Company Registration Number 08293679
Charity Registration Number 1169071
Solicitors Rickem Limited
64 Dagget Road
Cleethorpes
DN35 OEN
Bankers Barclays Bank pic
35 Victoria Street
Grimsby
N E Lincolnshire
DN31 IDE
Auditor Forrester Boyd
26 South Saint Mary's Gate
Grimsby
North East Lincolnshire
DN31
ILW

Unrestricted Restricted Total
funds funds 2021
Note
Income and Endowments from:
Donations
and legacies		 5,868,897 189,669 6,058,566
Charitable
activities		 773,769 773,769
Other trading activities 232,803 232 803
Investment
income		 791 791
Other income 170,558 170,558
Total income 7,046,818 189,669 7,236,487
Expenditure
on:
Raising funds (461,468) (19,620) (4&1,088)
Charitable
activities		 (6,497,001) (79,785) (6,576,786)
Total expenditure (6,958,469) (99,405) (7,057,874)
Net income 88,349 90,264 178,613
Transfers
between
funds		 (15,408) 15,408
Other recognised
gains and losses
Actuarial
gains/ (losses) on		 defined benefit pension schemes 26 (2,618,000) (2.618,000)
Net movement
in funds		 (2,545,059) 105,672 (2,439,387)
Reconciliation
offunds
Total funds brought
forward		 (1,330,188) 219,380 (1,110,808)
Total funds carried forward 28 (3,875,247) 325,052 (3,550,195)

Total
Unrestricted Restricted 2020
funds funds As restated
Note K
Income and Endowments from:
Donations
and legacies		 3,270,799 26,770 3,297,569
Charitable
activities		 3,802,515 3,802,515
Other trading activities 1,964,010 41,273 2.005,283
Investment
income		 7,791 7,791
Other income 489,388 4S9,388
Total income 9,534,503 68,043 9,602,546
Expenditure
on:
Raising funds (1,75S,333) (15,408) (1,773,741)
Charitable
activities		 (7,984,973) (63,108) (8,048,081)
Total expenditure (9,743,306) (78,516) (9,821,822)
Net expenditure (20S,803) (10,473) (219,276)
Taxation
Other recognised gains and losses
Actuarial
gains/ (losses) on		 defined benefit pension schemes 324,000 324,000
Net movement
in funds		 115,197 (10,473) 104,724
Reconciliation
offunds
Total funds brought forward (1,445,385) 229,853 (1,215,532)
Total funds carried forward 28 (1,330,188) 219,3SO (1,110,808)

2021 2020
As restated
Note
Fixed assets
Intangible
assets		 16 18,539
Tangible assets 17 574,290 826,432
Heritage assets 18 215,877 215,961
808,706 1,042,393
Current
assets
Stocks 20 78,872 92,577
Debtors 21 434,393 408,327
Cash at bank and in hand 22 1,630,404 924,318
2,143,669 1,425,222
Creditors: Amounts falling due within one year 7"J (1,158,945) (995,173)
Net current assets 984,724 430,049
Total assets less current liabilities 1,793,430 1,472,442
Creditors: Amounts falling due after more than one year 74 (40,625) (81,250)
Net assets excluding pension liability 1,752.805 1,391,192
Pension scheme liability 26 (5,303,000) (2,502,000)
Net liabilities
including		 pension liability (3,550,195) (1,110,808)
Funds ofthe group:
Restricted income funds
Restricted
funds		 28 325,052 219,380
Unrestricted
income		 funds
Unrestricted
funds		 (3,875,247) (1,330,188)
Total funds 28 (3,550,195) (1,110,808)

Balance Sheet as at 31 March 2021
2021 2020
As restated
Note
Fixed assets
Intangible
assets		 16 18,539
Tangible assets 17 423,500 657,603
Heritage assets 18 215,877 215,961
Investments 19 1 1
657,917 873,565
Current assets
Stocks 20 74,868 86,166
Debtors 71 428,953 591,289
Cash at bank and in hand 22 1,624,973 916,256
2,128,794 1,593,711
Creditors: Amounts falling due within one year 23 (1,029,600) (643,625)
Net current assets 1,099,194 950,086
Total assets less current liabilities 1,757,111 1,823,651
Creditors: Amounts falling due after more than one year 24 (40,625) (81,250)
Net assets excluding pension liability 1,716,486 1,742,401
Pension scheme liability 26 (5,303,000) (2,502,000)
Net liabilities
including		 pension liability (3,586,514) (759,599)
Funds ofthe charity:
Restricted income funds
Restricted
hinds		 78 117,593 12,408
Unrestricted
income		 funds
Unrestricted
funds		 (3,704,107) (772,007)
Total funds 78 (3,586,514) (759,599)

2021 2020
As restated
Note
Cash flows froni operating
activities
Net cash (expenditure)/income (2,439,389) 104,724
Adjustments
to cash flows from non-cash		 items
Depreciation 8 336,602 396,188
Amoitisation 8 4,479
Investment
income		 6 (791) (7,791)
Loss on disposal oftangible fixed assets ll 2,183 20,677
FRS102 actuarial
liability
adjustment		 2,801,000 (38,000)
Income taxes paid (13,231)
704,084 462,567
Working capital adjustments
Decrease/(increase)
in stocks		 20 13,705 (46,739)
(Increase)/decrease
in debtors		 21 (26,066) 75,239
Increase/(decrease)
in creditors		 23 56,359 (342,419)
Increase/(decrease)
in deferred		 income 24 107,415 (72,592)
Net cash flows from operating activities 855,497 76,056
Cash flows from investing
activities
Interest receivable
and similar		 inconie 6 791 7,791
Purchase ofintangible
fixed assets		 16 (23,018)
Purchase oftangible
fixed assets		 17 (85,933) (125,515)
Purchase ofheritage assets 18 (626)
Net cash flows from investing activities (108,786) (117,724)
Cash flows from financing
activities
Repayment ofloans and borrowings 23 (40,625) (40,625)
Net increase/(decrease)
in cash		 and cash equivalents 706,086 (82,293)
Cash and cash equivalents
at I		 April 924,318 1,006,611
Cash and cash equivalents
at 31 March		 1,630,404 924,318

balances and balance sheet. Changes
have been made t		 o correct these findings
as they are materi		 al
to the financi		 al
statements.
Relating to
Relating to Relating to prior periods
the current the prior before the
period period prior period
disclosed in disclosed
in		 disclosed in
these financial these financial these financial
statements statements statements
Other income (32,172) (213,976)
Total funds brought forward (246,148) (213,976) (213,976)
Creditors due within one year 246,148 246,148 213,976

Notes to the Financial Stateme nts
for the Year Ended 31Ma
Plant and equipment 20% - 50%
Local history reference books l3%
Hardback books 14%
Paperback books 25%
Children's books 33%
Recordings,
radio and visual		 17%

3
Inco		 m e from donations
 and legacies
Unrestricted
funds Restricted Total
General funds 2021
Donations and legacies;
Donations
from		 companies, trusts and similar proceeds 1,371 1,371
Grants, including capital grants;
Government
grants		 2,394,700 73,000 2,467,700
Grants from other sources 5S7,221 116,669 703,890
Contract income 2,885,605 2,S85,605
5,868,897 189,669 6,058,566
Unrestricted
funds Restricted Total
General funds 2020
Grants, including capital grants;
Government
grants		 158,689 158,689
Grants from other sources 160,985 26,770 187,755
Contract income 2,951,125 2,951,125
3,270,799 26,770 3,297,569

Income from charitable
activities
Unrestricted
funds Total
General 2021
Sports, fitness and leisure 737,988 737,988
Arts and attractions 32,181 32,181
Libraries and archives 3,600 3,600
773,769 773,769
Unrestricted
funds Total
General 2020
Sports, fitness and leisure 3,71S,465 3,718,465
Arts and attractions 47,118 47, l l 8
Libraries and archives 36,932 36,932
3,802,515 3,802,515

Unrestricted
funds Restricted Total
General funds 2021
Retail sales income 17,742 17,742
Ticket sales 204 204
Food and beverage 207,776 207,776
Commissions on sale ofmerchandise 7,081 7,081
232,803 232,803
Unrestricted
funds Restricted Total
General funds 2020
Retail sales income 266,976 266,976
Ticket sales 1,008,969 41,273 1,050,242
Food and beverage 614,402 614,402
Commissions on sale ofmerchandise 73,663 73,663
1,964,010 41,273 2,005,283
Unrestricted
funds Total
General 2021
Interest receivable and similar income;
Interest receivable on bank deposits 791 791
791 791
Unrestricted
funds Total
General 2020
Interest receivable and similar income;
Interest receivable on bank deposits 7,791 7,791
7,791 7,791
7 Other income
Unrestricted
funds Total
General 2021
Hire of facilities 15,658 15,658
Sundry income 154,900 154,900
170,558 170,558

Unrestricted
funds Total
2020
General As restated
Income from trading subsidiary 43,541 43,541
Hire of facilities 92,707 92,707
Sundry income 353,140 353,140
489,388 489,388

a) Costs oftr a ding activ ities
Unrestricted
funds Restricted Total
General funds 2021
Costs ofgoods sold 99,956 99,956
Other subsidiary costs 72,579 72,579
Depreciation, amortisation and other similar costs 33,789 19,620 53,409
StaffCosts 255,144 255,144
461,468 19,620 481,088
Unrestricted
funds Restricted Total
General funds 2020
Costs ofgoods sold 1,214,196 1,214,196
Other subsidiary costs 116,411 116,411
Depreciation, amortisation and other sintilar costs 29,680 15,408 45,088
StaffCosts 398,046 398,046
1,758,333 15,408 1,773,741

9
Expe		 nditure
on charitable
activities
Activity
undertaken Activity
directly support
costs		 2021
Sports, fitness and leisure 3,054,329 778,932 3,833,261
Arts and attractions I,118,393 204,134 1,322,527
Libraries and archives 1,005,436 415,562 1,420,998
5,178,158 1,398,628 6,576,786

Notes to the Financial S tatements
for the Year Ended 3		 1March 2021
Activity
undertaken Activity
directly support costs 2020
Sports, fitness and leisure 3,478,917 1,085,305 4,564,222
Arts and attractions 1,459,811 286,126 1,745,937
Libraries and archives 1,134,693 603,229 1,737,922
6,073,421 1,974,660 8,048,081
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Unrestricted
funds Total
General 2021
Audit fees
Audit ofthe financial statements 16,950 16„950
Other fees paid to auditors 9,550 9,550
Legal fees 1,006 1,006
27,506 27,506
Unrestricted
funds Total
General 2020
Audit fees
Audit ofthe financial statements 16,950 16,950
Other fees paid to auditors ?,550 9,550
Legal fees 3,055 3,055
29,555 29,555
11 Net incoming/outgoing resources
Net outgoing resources for the year include:
2021 2020
Operating
leases - other		 assets l5,095 15,350
Audit fees 16,950 16,950
Other non-audit
services		 9,550 9,550
Loss on disposal oftangible fixed assets 2,183 20,677
Depreciation offixed assets 336,602 396,188

13 Staff costs
The aggregate
payroll costs were as follows:
2021 2020
Staffcosts during the year were:
Wages and salaries 4,693,720 5,243,262
Social security costs 245,656 283,380
Pension costs 43S,839 598,255
5,378,215 6,124,897

expresse d as a head count was as follows:
2021 2020
No No
Sport, Fitness &Leisure 247 290
Arts and Attractions 57 84
Libraries 54 60
Auditorium 56 66
Central management, niaintenance and marketing 24 21
521
2021 2020
No No

14 Auditors'
remuner		 ation
2021 2020
Audit ofthe financial statements 16,950 16,950
Other fees to auditors
All other non-audit
services		 9,550 9,550

Website
development Total
23,018 23,018
23,018 23,018
4,479 4,479
4,479 4,479
18,539 18,539
Website
development Total
23,018 23,018
23,018 23,018
4,479 4,479
4,479 4,479
18,539 18,539

Group
Plant and
Motor vehicles machinery Library books Total
Cost
At
I Apri!2020		 22,693 745,778 1,726.993 2.495,464
Additions 14,850 56,647 14,436 85,933
Disposals (11,347) (11,347)
At 31 March 2021 37,543 802,425 1,730,082 2,570,050
Depreciation
At 1 April 2020 22,693 464,068 1,182,271 1,669,032
Charge for the year 3,713 131,488 201,401 336,602
Eliminated
on disposals		 (9,874) (9,874)
At 31 March 2021 26,406 595,556 1,373,798 1,995,760
Net book value
At 31 March 2021 11,137 206,869 356,284 574,290
At 31 March 2020 281,710 544,722 826,432
Charity
Plant and
Motor vehicles machinery Library books Total
Cost
At
1 April 2020		 22,693 478,695 1,726,993 2.228,381
Additions 14,850 21,277 14436 50 563
Disposals (11,347) (11,347)
At 31March 2021 37,543 499,972 1,730,082 2,267,597
Depreciation
At I April 2020 22,693 365,814 1,182,271 1,570,778
Charge for the year 3,713 78,079 201,401 283,193
Eliminated
on disposals		 (9,874) (9,874)
At 31 March 2021 26,406 443,893 1,373,798 1,844,097
Net book value
At 3 I March 2021 11,137 56,079 356,284 423,500
At 31March 2020 112,881 544,722 657,603

Cost
At
1 April		 2020
Additions
Disposals
At 31 March 2021
Depreciation
At
1 April		 2020
At 31 March 2021
Net book value
At 31 March 2021
Summary oftransactions
Local
Books and historical
magazines items Total
122,658 93,303 215,961
626 626
(710) (710)
122,658 93,219 215,877
122,658 93,219 215,877

Local
Books and historical
magazines items Total
122,658 93,303 215,961
626 626
(710) (710)
122,658 93,219 215,877
122,658 93,219 215,877

Summary oftransactions 2021 2020 2018 2017
Purchases and additions
Purchases 626 2,320
Disposals
Disposals 710 22,903

Undertaking Country of
incorporation		 Holding Proportion
rights and		 ofvoting
shares held		 Principal activity
Subsidiary undertakings
Lines Inspire Venues &
Enterprises
(No.		 United Kingdont Ordinary 100'ro Provision
and		 of venue
facilities		 hire
for
10409947) performing arts

Charity
2021 2020
Shares in group undertakings and participating interests
Shares in group undertakings and participating interests
Subsidiary
undertakings Total
Cost
At I April 2020
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
20 Stock
Group Charity
2021 2020 2021 2020
Stocks 78,872 92,577 74,868 86,166
Zl Debtors
Group Charity
2021 2020 2021 2020
Trade debtors 119,561 68,997 116,715 56,622
Due from group undertakings 202,615
Prepayments 73,319 103,655 70,725 100,239
Accrued income 241,513 235,675 241,513 231,813
434,393 408,327 428,953 591,289
22 Cash and cash equivalents
Group Charity
2021 2020 2021 2020
Cash at bank 1,630,404 924,318 1,624,973 916,256

23 Creditors: amounts
falling due within
o		 ne year
Group Charity
2021 2020 2021 2020
As restated As restated
Trade creditors 180,263 243,422 123,910 234,227
Other loans 40,625 40,625 40,625 40,625
Due to group undertakings 281,536
Other taxation and social security 263,408 224,272 263,408 224,272
Other creditors 911 1,326 911 1,326
Pension scheme creditor 34,317 48,668 34,317 48,668
Accruals 293,972 198,826 277,754 67,051
Deferred income 345,449 238,034 7,139 27,456
1,158,945 995,173 1,029,600 643,625

Deferred income
2021 2020
Group
Deferred income at I April 2020 (238,034) (310,626)
Resources deferred
in the period		 345,449 238,034
Amounts released from previous periods 238,034 310,626
Deferred income at year end 345.449 238,034
funding.
2021 2020
Charity
Deferred income at I April 2020 (27,456) (42,865)
Resources deferred
in the period		 7, 139 27,456
Amounts released from previous periods 27,456 42,865
Deferred income at year end 7,139 27,456

Defined benefit obligation
Changes
in the defined benefit obligation
are as follows:
2021
Present value at start ofyear 10,973,000
Current service cost 355,000
Interest cost 255,000
Actuarial
gains and losses		 3,913,000
Benefits paid (172,000)
Contributions
by scheme participants		 69,000
Present value at end ofyear 15,393,000
Fair value ofselienie assets
Changes
in the fair value of scheme assets are as follows:
2021
Fair value at start ofyear 8,471,000
Interest income 196,000
Actuarial
gains and losses		 1,295,000
Employer
contributions		 231,000
Contributions
by scheme participants		 69,000
Benefits paid (172,000)
Fair value at end ofyear 10,090,000
Analysis ofassets
The major categories of scheme assets are as follows:
2021 2020
Cash and cash equivalents 302,700 254,130
Equity
instruments		 6,760,300 5,590,860
Corporate
bonds		 1,816,200 1,440,070
Property 1,210,800 1,185,940
10,090,000 8,471,000
Return on sclietne assets
2021 2020
Return on scheme assets 1,491,000 (1,032,000)

The principal
actuarial		 as sumptions at the statement offinancial
position		 date are as follows:
2021 2020
0/
Discount rate 2.05 2.30
Fuhire salary increases 3.70 2.70
Future pension
increases		 2.80 1.80
Post retirement
mortality		 assumptions
2021 2020
Years Years
Current UK pensioners at retirement age - male 21.00 21.00
Current
UK pensioners		 at retirement age - female 24.00 23.00
Fuhire UK pensioners at retirement age - male 22.00 22.00
Future UK pensioners at retirement age - female 26.00 25.00

Group
Balance at I Other Balance at
April 2020 Incoming Resources recognised 31March
as restated resources expended Transfers gainsl(losses) 2021
Unrestricted
funds
General
General
fund		 (1,330,188) 7,046,818 (6,958,469) (15,408) (2,618,000) (3,875,247)
Restricted funds
Restoration
levy fund		 206,972 (18,680) 15,408 203,700
Libraries connected 5,000 1,000 (6,000)
Active Lincolnshire-
Tackling Inequalities 4,000 (4,000)
Heritage
lottery, streets and
their stories fund 703 14,320 15,023
Arts council reading
pictures, seeing stories 695 (695)
Radcliffe Trust DN
mentoring
scheme		 3,500 (3,500)
The Arts Society Holland
&Kesteven 240 240
LCC Conununity
Collaboration
Fund		 2,270 3,000 (1,774) 3„496
The Football Stadium Fund 5,500 (5,500)
The Reading Agency-
Reading Friends 9,300 (9,300)
The National
Lottery
Community
Grant-
'Virtual
Lines' Project		 48,800 (48,500) 300
The National
Lottery
Community
Grant - 'Active
Forever' Project 29,050 (516) 28,534
NELC - Toning Suite
Project 70,000 70,000
Theatres Trust - Theatre
Reopening
Fund		 4,699 (940) 3,759
Total restricted
funds		 219,380 189,669 (99,405) 15,408 325,052
Total funds (1,110,808) 7,236,487 (7,057,874) (2,618,000) (3,550,195)

Notes to th e Financial Stat ements
for the		 ements
for the		 Year Ended 31 March 2021
Balance at I Incoming Other Balance at 31
April 2019as resources as Resources recognised March 2020 as
restated restated expended gains/(losses) restated
Unrestricted
funds
General
General
fund		 (1,445,385) 9,534,503 (9,743,306) 324,000 (1,330,188)
Restricted funds
Restoration
levy fund		 181,107 41,273 (15,408) 206,972
Heritage
lottery Ruhleben
fund 4,293 (4,293)
Libraries connected 5,000 5,000
Heritage
lottery, streets and
their stories hmd 17,900 (17,197) 703
Arts council reading pictures,
seeing stories 695
Arts council The Albert room
2018-2020 6,358 11,120 (17,478)
Postcode lottery sowing the
seed ofchange inspire garden 16,000 (16,000)
Radcliffe Trust DN
mentoring
scheme		 3,500 3,500
The Festival ofthe Sky 4,900 (4,900)
Canon Peter Hall Primary
School, Immingham 450 (450)
The Arts Society Holland &
Kesteven 300 (60) 240
LCC Community
Collaboration
Fund		 5,000 (2,730) 2,270
Total restricted
funds		 229,853 6S,043 (78,516) 219,380
Total funds (1,215,532) 9,602,546 (9,821,822) 324,000 (1,110,808)

Charity
Balance at 1 Other
April 2020 as Incoming Resources recognised Balance at31
restated resources expended gains/(losses) March 2021
Unrestricted
funds
Genera/
General fund (772,007) 6,244,976 (6,559,076) (2,618,000) (3,704,107)
Restricted
funds
Libraries connected 5,000 1,000 (6,000)
Active Lincolnshire-
Tackling Inequalities 4,000 (4,000)
Heritage
lottery streets		 and
their stories fund 703 14,320 15,023
Arts council reading pictures,
seeing stories 695 (695)
Radcliffe Trust DN
mentoring
scheme		 3,500 (3,500)
The Arts Society Holland k,
Kesteven 240 240
LCC Community
Collaboration
Fund		 2,270 3,000 (1,774) 3,496
The Football Stadium Fund 5,500 (5,500)
The Reading Agency-
Reading Friends 9,300 (9,300)
The National
Lottery
Community
Grant - 'Virtual
Lines' Project 48,800 (48,500) 300
The National
Lottery
Community
Grant - 'Active
Forever' Project 29,050 (516) 28,534
NELC - Toning Suite Project 70,000 70,000
Total restricted
funds		 12,408 184,970 (79,785) 117,593
Total funds (759,599) 6,429,946 (6,638,S61) (2,618,000) (3,586,514)

Notes to th e Financial Stat e Financial Stat ements
for the		 Year Ended 31 March 2021
Balance at 1 Incotning Other Balance at 31
April 2019as resources as Resources recognised March 2020 as
restated restated expended gains/(losses) restated
Unrestricted
funds
General
General
fund		 (1,098,749) 8,327,662 (8,324,920) 324,000 (772,007)
Restricted
funds
Heritage
lottery Ruhleben
fund 4,293 (4,293)
Libraries connected 5,000 5,000
Heritage
lottery streets and
their stories fund 17,900 (17,197) 703
Arts council reading pictures,
seeing stories 695 695
Arts council The Albert room
2018-2020 6,358 11,120 (17,478)
Postcode lottery sowing the
seeds ofchange inspire
garden 16,000 (16,000)
Radcliffe Trust DN
mentoring
scheme		 3,500 3,500
The Festival ofthe Sky 4,900 {4,900)
Canon Peter Hall Primary
School, lmminghant 450 (450)
The Arts Society Holland &
Kesteven 300 (60) 240
LCC Community
Collaboration
Fund		 5,000 (2,730) 2,270
Total restricted
funds		 48,746 26,770 (63,108) 12,408
Total funds (1,050,003) 8,354,432 (8,388,028) 324,000 (759,599)

Group
Unrestricted Total funds at
funds Restricted 31March
General funds 2021
Intangible fixed assets 18,539 18,539
Tangible fixed assets 533,244 41,046 574,290
Heritage assets 215,877 215,877
Current assets 1,859,663 284,006 2,143,669
Current liabilities (1,158,945) (1,158,945)
Creditors over I year (40,625) (40,625)
Pension scheme liability (5,303,000) (5,303,000)
Total net assets (3,875,247) 325,052 (3,550,195)
Unrestricted Total funds at
funds Restricted 31 March
General funds 2020
as restated As restated
Tangible fixed assets 780,692 45,740 826,432
Heritage assets 215,961 215,961
Current assets 1,251,582 173,640 1,425,222
Current liabilities (995,173) (995,173)
Creditors over I year (S1,250) (81,250)
Pension scheme liability (2,502,000) (2,502,000)
Total net assets (1,330,18S) 219,380 (1,110,808)
Charity
Unrestricted Total funds at
funds Restricted 31March
General funds 2021
Intangible fixed assets 18,539 18,539
Tangible fixed assets 423,500 423,500
Heritage assets 215,877 215,877
Fixed asset investments I I
Current assets 1,729,665 117,593 1,847,258
Current liabilities (748,064) (748,064)
Creditors over I year (40,625) (40,625)
Pension scheme liability (5,303,000) (5,303,000)
Total net assets (3,704,107) 117,593 (3,586,514)

Notes to the Financial State ments
for the Year Ended 31		 March 2 021
Unrestricted Total funds at
funds Restricted 31March
General as funds 2020
restated As restated
Tangible fixed assets 657,603 657,603
Heritage assets 215,961 715,961
Fixed asset investments I I
Current
assets		 1,581,303 12,408 1,593,711
Current
liabilities		 (643,625) (643,625)
Creditors over
I		 year (81,250) (81,250)
Pension scheme liability (2,502,000) (2,502,000)
Total net assets (772,007) 12,408 (759,599)
30 Analysis ofnet funds
Group
At I April Financing cash At 31 March
2020 flows 2021
Cash at bank and in hand 924,318 706,086 1,630,404
Debt due within one year (40,625) (40,625)
Debt due after more than one year (81,250) 40,625 (40,625)
Net debt 802,443 746,711 1,549,154
At 1April Financing cash At 31March
2019 flows 2020
Cash at bank and in hand 1,006,611 (82,293) 924,318
Debt due within one year (40,625) (40,625)
Debt due aAer more than one year (121,875) 40,625 (81,250)
Net debt 844,111 (41,668) 802,443