REGISTERED CHARITY NUMBER: 1170729
Report of the Trustees and
Audited Financial Statements for the Year Ended 31 March 2022
for
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Contents of the Financial Statements for the Year Ended 31 March 2022
|
Page |
Report of the Trustees |
1 to 6 |
Report of the Independent Auditors |
7 to 10 |
Statement of Financial Activities |
11 |
Balance Sheet |
12 |
Cash Flow Statement |
13 |
Notes to the Cash Flow Statement |
14 |
Notes to the Financial Statements |
15 to 21 |
Detailed Statement of Financial Activities |
22 to 23 |
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Report of the Trustees
for the Year Ended 31 March 2022
Thetrustees,presenttheirreportwiththefinancialstatementsofthecharityfortheyearended31 March
2022.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January 2019).
HolywellLeisureCentre-CanolfanHamddenTreffynnon(HLC-CHT)isaCharitable Incorporated
Organisation(CIO)registeredwiththeCharityCommission(registrationnumber1170729).Its constitution
wasadoptedon12October2016anditwasenteredontheCharityCommissionRegisteron13 December
2016. The transfer of the asset from Flintshire County Council (FCC) was completed on 1 April 2017.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Theobjectivesofthecharityaretoprovidearangeofleisure,sporting,healthandsocialfacilities primarily
runbythecommunityforthecommunity,seekingtodelivertheseactivitieswithinclusivityforall.In so
doing,itaimstocaterandimproveuponthephysicalandmentalwellbeingofallitsmembersand visitors
whatever their economic circumstances.
Significant activities
Thecentreprovidesawiderangeofvariouscompetitiveandpersonalfitnesssports,leisurepursuits, social
activitiesand healthbenefitsto all age groupsand abilitiesand strivesto be as inclusiveas possible.Users can
accessavarietyoffacilities,swimmingpools,sportshall,community/dancestudio,café,softplay, squash
courts,library,meetingrooms,healthsuiteandfitnessgymaswellasaccesstosportsfacilitiesat Ysgol
Treffynnon High School (sports hall and 4G AstroTurf pitch).
Public benefit
ThetrusteeshavereferredtoguidancecontainedintheCharityCommission'sgeneralguidanceon public
benefitwhenreviewingtheiraimsandobjectivesandinplanningfutureactivities.Inparticularthey have
consideredhowtheactivitiesofferedwillcontributetotheaimsandobjectivesset.Thetrustees are
committed to equal access for all.
Page 1
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
for the Year Ended 31 March 2022
Report of the Trustees
ACHIEVEMENT AND PERFORMANCE
Transfer of ownership
HLC-CHTtookcontrolof theleisurecentreon 1 April2017fromFlintshireCountyCouncilwitha leaseof 27
years, 2017 - 2044.
Achievements in the year ended 31 March 2022
ThisfinancialyearwasseriouslyimpactedbytheCovidpandemicandthecentrewascompletelyclosed, or
operating under Welsh Government restrictions until the autumn.
20 December 20 to 3 May 21 - Closed
21 May 21 to 7 August 2021 - Open with restrictions and lower capacities in all areas.
Throughoutthisperiod,thehealthandsafetyofourstaffandcustomerswasparamountinallthe decisions
made.
Fromtheoutsetofthecovidrestrictions,we tookactiontoreducecoststoensurethefuturesustainability of
the business by taking the following measures:
o Reduce outgoings
oFreezealldirectdebits(customershavebeenincrediblysupportivewithonlyahandfulof complaints
received)
o Reduce services and purchase costs
o Reduceimmediatestaffingcostsand utilisethe CoronavirusJob RetentionScheme(Furlough- this scheme
finished in Sept 2021)
o To reduce future staffing costs by granting holiday leave during furlough periods.
o Apply for every grant support available from the UK Government, Welsh Government, Local
Authority and Town Council.
GiventheeverchangingCovidsituation,andthepotentialforirreparabledamagetothebusiness,the board
decided to be clear on our actions should we be faced with insolvency.
Shouldthe financialforecastshow that in 3 months'time, of any given date,that the centreis no longer viable
andhasexhaustedallreservesandfinancialsupport,thentheprocesstowindupthecharitywouldbegin. It
wouldbe our intentionto be debt free at the pointof closureand the landlord,sub-tenantsand staffwould be
informedatthestartoftheprocess.Priortothispoint,thetrustees,managementteamandstaffwilldo all
they can to remain viable.
Thankfully,thetriggerwasnotreachedinthefinancialyearandweremainedaviablebusiness,albeit with
significant Covid support funding.
Page 2
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
for the Year Ended 31 March 2022
Report of the Trustees
FINANCIAL REVIEW
Financial position
Inanormaltradingyear,thecentrewouldhaveexpectedtradingsalesincometobeintheregion of
£695,000. Sales income in this year due to the impact of Covid was £475,315, a reduction of 31.6%.
"IncomeLossSupport","EconomicResilienceFunding"andthe"CoronavirusJobRetentionScheme" were
allsuccessfullyappliedforfromtheWelshandUKGovernmentsandwereessentialtooursurvival. We
workedcloselywithFlintshireCountyCounciltoprovidetransparencyofourfinancesbycompleting a
quarterly "Financial Tracker" to demonstrate the support required.
The statementof FinancialActivitiesconfirmsa recordedtotalincometo 31 March2022 of £760,339in sales
turnoverandgrantsupport.Thisincludessalesincomeof£475,315withgrantsof£250,676in total.
Expendituretotalled£751,668whichhasresultedin a surplusof £8,671of which;afterthreeyearsgivesus a
contingencybank balanceof £15,723and a carryforwardof £108,247(BusinessAccount)and £8,120 (Grants
Account) which is a total of £132,090 as of 31 March 2022.
Thiswasa remarkableresultunderthecircumstancesandreflectstheworkthattheBoardand Management
teaminstigatedtoreducecosts,safelymanagetheclosuresandopeningsofthecentreunder Covid
restrictionsandsuccessfullyapplyforCovidsupportfunding.Therehasalsobeenarealdriveto increase
income, particularly in swimming lessons which are now more than pre-covid levels.
Current financial situation
Atthetimeof writingwe forecasta tradingincometotalof £640,000toMarch2023.We anticipatethat this
will deliver at least a break even position for the year ended 31 March 2023..
Local grant funding
In additionto the Government"IncomeLossSupport"and" CovidEmergency" funding,we alsocontinue to
receive grants from the local town and county councils
Flintshire County Council - £90,357 annual grant
Holywell Town Council £10,000
We also approached 13 local community councils for support and received £3,000 in the year.
Investment policy and objectives
ThetrusteesintendthatallfuturesurplusincomeisretainedbyHLC-CHTandreinvestedbackinto the
facility.Fundsareheldby HSBCwhichalthoughatlowinterestratesallowforeasyaccessand management
of accounts.
Reserves policy
Thecentrehasageneralcontingencyfundtoguardagainstunforeseenevents(£15,723asof31March 22).
3% of eachmonth'sbalancewas setasideforthispurposehoweverthisprocesswas pausedin May2020 due
tothedrawon fundscreatedby thepandemic.We usedsomeof thefundtosupportthecentretogether with
WelshGovernmentfinancialsupport.Wehaveworkedhardtoincreaseourincomeandplanto resume
adding the 3% to the fund once the trigger point of pre-pandemic income levels has been achieved.
Commitments and liabilities
Therearelegalrequirementsforthebusinesstomeetpredeterminedstandardsandforregulartesting and
certificationrelatedtothesafetyofourcustomersandworkforce.Theseincludechlorinelevelsin the
swimmingpool, Legionellain the watersupply,alarmtestingand fire equipmentinspections.We received the
HSBC"Bouncebackloan"of£50,000whichwestartedrepayinginNovember2021at£10,400pa(5 year
loan).
WealsohadanEUgrantof£60,000againstthenewboilerinstallationin2019Repaymentistriggered by
reaching turnover figures way in excess of our current projections. We will monitor this annually.
Page 3
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
for the Year Ended 31 March 2022
Report of the Trustees
FUTURE PLANS
Throughoutthepandemicanduptothepresentdate,theboardandmanagementhavecontinuedto meet
eitherby Zoomora blendedmeetingoffacetofaceandZoom.Staffhavebeenkeptuptodatewith monthly
newslettersandnowwithregularstaffmeetings.Ourmainfocusthisyearhasbeentorestoreallactivities as
quicklyandassafelyaspossibleforthehealth,socialandwellbeingbenefitofthelocalcommunity after
spending over 18 months under restrictions.
Aswellasintroducingnewclassesandfacilities,wehavesomeexcitingnewplanstoimprovethecentre, the
overall offer to the customers and our income.
o The previouscentremanager,adminmanager(ChrisandJillTravers)andaccountantallretiredat the end
of2021.JamesKerrigan,acurrentManager,waspromotedtoCentreManagerinOctober2021.He has
implementeda new staffstructuredesignedto enhancejob roles,providecareerprogressionandgive greater
management flexibility of the centre.
Itshouldbe notedhoweverthatthetransitiontothenewmanagerialandaccountspersonnelallatonce has
caused a delay in completing and auditing the year end accounts. This is seen as a one off occurrence.
o The Board of Trustees has also been strengthened with broader skills and experience.
oWehavesuccessfullyappliedfor£81,000fundingfromthe"CovidEmergencyFund"through Flintshire
CountyCouncilfora commercialManagerforthecentre,moneytofundgymmembershippromotions, new
cricket nets and our income loss support for Q1and Q2.
o We have successfullyappliedto SportsWalesfor a £227,000grantto pay for SolarPanelsand LED lighting
to helpoffsetthe massiveincreasesin energycosts.SportsWalesprovide80% andFlintshireCC have agreed
to supply the remaining 20%.
o Wehavereceivedthelowcost"BouncebackLoan"of£50,000andwillusethistofurtherincrease revenue
streams.
oWehaveengagedtheservicesofanexternalHRcompanyandanexternalH&Scompany.Bothhave been
used effectively since we started working with them , providing advice and expertise that we do not have.
o The 5-aside pitch will have a new surface installed in the spring, all funded by Flintshire County Council.
oWewilllooktodevelopcloserbusinessandlocalorganisationpartnershipsonceweappoint the
"Commercial Manager" in 2023.
Increasingenergycostswillbeourgreatestchallengein2023.Overallhowever,weareoptimisticfor the
futureofHolywellLeisureCentre, withexcitingplanstogrowincomethatwillbe deliveredbyan extremely
motivated and experienced management team.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Thecharityisgovernedbyitsconstitutiondated12October2016.ThecharityisaCharitable Incorporated
Organisation (CIO) Registered charity number 1170729.
Trustees
Theworkinggroupwassetupin2015bysixvolunteersandthecentremanagerwhonegotiatedthe transfer
oftheassetfromFlintshireCountyCouncil.TheygainedcharitablestatusinDecember2016andhad 5
trusteesasofMarch2021whoweretheonlyvotingmembers.SincethenTudorJoneshasretiredas Chair
(May2021)andPaulIsliphas succeededhim. 6 Trusteeshaveleftand4 new appointmentsmade.The board
isassistedbynon-votingvoluntaryassociateswhoprovidespecialistandexpertassistance(when required)
and the contracted centre management team of three.
Theremustbeatleastthreetrusteeswiththemaximumnumberattwelveatanygiventime.Theboard of
trusteesmeetsonceamonthtodirectthemanagementandgovernanceoftheenterprise.This includes
reviewsofmattersrelatingtohealthandsafety,finance,risks,maintenance,staff,volunteers, activities,
marketing,compliancewithregulations,grantsandthedevelopmentofthebusiness.Thereare specific
subcommittees for the oversight of finance, human resources and marketing.
ThetrusteesoverseetheaffairsoftheCIOandexerciseallthepowersoftheCIOincludingthe appointment
of new trustees, staff and consultants.
Page 4
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
for the Year Ended 31 March 2022
Report of the Trustees
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1170729
Principal address
North Road
Holywell
Flintshire
CH8 7TQ
Trustees
P Islip
M Lovell-Pascall
L Jones (appointed 26.1.22)
H Crich (resigned 10.2.23)
A Lewis (appointed 26.1.22) (resigned 30.1.23)
A Parry
C McCarth (appointed 1.4.21)
Dr M Rowlands (appointed 1.4.21)
T Jones (resigned 26.5.21)
A Blundell (resigned 26.5.21)
D Oliver (resigned 27.3.22)
T Murray (resigned 13.9.22)
Auditors
J V Banks
Chartered Accountants and Statutory Auditors
Banks House
Paradise Street
Rhyl
Denbighshire
LL18 3LW
STATEMENT OF TRUSTEES' RESPONSIBILITIES
ThetrusteesareresponsibleforpreparingtheReportoftheTrusteesandthefinancialstatements in
accordancewithapplicablelawandUnitedKingdomAccountingStandards(UnitedKingdom Generally
Accepted Accounting Practice).
The lawapplicabletocharitiesin EnglandandWales,theCharitiesAct2011,Charity(Accountsand Reports)
Regulations2008andtheprovisionsofthetrustdeedrequiresthetrusteestopreparefinancial statements
foreachfinancialyearwhichgive a trueandfairview of the stateof affairsof the charityandof the incoming
resourcesandapplicationofresources,includingtheincomeandexpenditure,ofthecharityforthat period.
In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
Thetrusteesareresponsibleforkeepingproperaccountingrecordswhichdisclosewithreasonable accuracy
atanytimethefinancialpositionofthecharityandtoenablethemtoensurethatthefinancial statements
complywiththeCharitiesAct2011,theCharity(AccountsandReports)Regulations2008andthe provisions
ofthetrustdeed.Theyarealsoresponsibleforsafeguardingtheassetsofthecharityandhencefor taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Page 5
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Report of the Trustees
for the Year Ended 31 March 2022
Approved by order of the board of trustees on 29 March 2023 and signed on its behalf by:
P Islip - Trustee
Page 6
Report of the Independent Auditors to the Trustees of
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Opinion
WehaveauditedthefinancialstatementsofHolywellLeisureCentreCanolfanHamddenTreffynnon (the
'charity')for the yearended31 March2022 whichcomprisethe Statementof FinancialActivities,the Balance
Sheet,theCashFlowStatementandnotestothefinancialstatements,includingasummaryof significant
accountingpolicies.Thefinancialreportingframeworkthathasbeenappliedintheirpreparation is
applicablelawandUnitedKingdomAccountingStandards(UnitedKingdomGenerallyAccepted Accounting
Practice).
In our opinion the financial statements:
-
give a true and fair view of the state of the charity's affairs as at 31 March 2022 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.
Basis for opinion
WeconductedourauditinaccordancewithInternationalStandardsonAuditing(UK)(ISAs(UK)) and
applicablelaw.Ourresponsibilitiesunderthosestandardsarefurtherdescribedinthe Auditors'
responsibilitiesfortheauditofthefinancialstatementssectionofourreport.Weareindependentof the
charityinaccordancewiththeethicalrequirementsthatarerelevanttoourauditofthefinancial statements
intheUK,includingtheFRC'sEthicalStandard,andwehavefulfilledourotherethicalresponsibilities in
accordancewiththeserequirements.Webelievethattheauditevidencewehaveobtainedissufficient and
appropriate to provide a basis for our opinion.
Conclusions relating to going concern
Inauditingthefinancialstatements,wehaveconcludedthatthetrustees'useofthegoingconcernbasis of
accounting in the preparation of the financial statements is appropriate.
Basedon the workwe have performed,we have notidentifiedanymaterialuncertaintiesrelatingto events or
conditionsthat,individuallyor collectively,may castsignificantdoubton the charity'sabilityto continueas a
goingconcernforaperiodofatleasttwelvemonthsfromwhenthefinancialstatementsareauthorised for
issue.
Ourresponsibilitiesandtheresponsibilitiesof thetrusteeswithrespecttogoingconcernaredescribedin the
relevant sections of this report.
Other information
Thetrusteesareresponsiblefortheotherinformation.Theotherinformationcomprisesthe information
includedintheAnnualReport,otherthanthefinancialstatementsandourReportofthe Independent
Auditors thereon.
Ouropiniononthefinancialstatementsdoesnotcovertheotherinformationand,excepttothe extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Inconnectionwithourauditofthefinancialstatements,ourresponsibilityistoreadtheother information
and,indoingso,considerwhethertheotherinformationismateriallyinconsistentwiththe financial
statementsorourknowledgeobtainedintheauditorotherwiseappearstobemateriallymisstated.If we
identifysuchmaterialinconsistenciesorapparentmaterialmisstatements,wearerequiredto determine
whetherthisgivesrisetoamaterialmisstatementinthefinancialstatementsthemselves.If,basedon the
workwe haveperformed,we concludethatthereis a materialmisstatementof thisotherinformation,we are
required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
WehavenothingtoreportinrespectofthefollowingmatterswheretheCharities(Accountsand Reports)
Regulations 2008 requires us to report to you if, in our opinion:
-
the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
-
sufficient accounting records have not been kept; or
-
the financial statements are not in agreement with the accounting records and returns; or
-
we have not received all the information and explanations we require for our audit.
Page 7
Report of the Independent Auditors to the Trustees of
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Responsibilities of trustees
AsexplainedmorefullyintheStatementofTrustees'Responsibilities,thetrusteesareresponsiblefor the
preparationofthefinancialstatementswhichgiveatrueandfairview,andforsuchinternalcontrolas the
trusteesdetermineisnecessarytoenablethepreparationoffinancialstatementsthatarefreefrom material
misstatement, whether due to fraud or error.
Inpreparingthefinancialstatements,thetrusteesareresponsibleforassessingthecharity'sability to
continueasagoingconcern,disclosing,asapplicable,mattersrelatedtogoingconcernandusingthe going
concernbasis of accountingunlessthe trusteeseitherintendto liquidatethe charityor to ceaseoperations, or
have no realistic alternative but to do so.
Page 8
Report of the Independent Auditors to the Trustees of
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Our responsibilities for the audit of the financial statements
WehavebeenappointedasauditorsunderSection145oftheCharitiesAct2011andreportin accordance
with the Act and relevant regulations made or having effect thereunder.
Ourobjectivesaretoobtainreasonableassuranceaboutwhetherthefinancialstatementsasa wholeare free
frommaterialmisstatement,whetherduetofraudorerror,andtoissueaReportofthe Independent
Auditorsthatincludesouropinion.Reasonableassuranceis a highlevelofassurance,butis nota guarantee
thatanauditconductedinaccordancewithISAs(UK)willalwaysdetectamaterialmisstatementwhen it
exists.Misstatementscanarisefromfraudorerrorandareconsideredmaterialif,individuallyorin the
aggregate,theycouldreasonablybe expectedtoinfluencetheeconomicdecisionsofuserstakenonthe basis
of these financial statements.
Ourapproachtoidentifyingandassessingtherisksofmaterialmisstatementinrespectof irregularities,
including fraud and non-compliance with laws and regulations, was as follows:
-theengagementpartnerensuredthattheengagementteamcollectivelyhadtheappropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
-weidentifiedthelawsandregulationsapplicabletothecompanythroughdiscussionswithtrustees and
other management, and from our commercial knowledge and experience of the sector;
-wefocusedonspecificlawsandregulationswhichweconsideredmayhaveadirectmaterialeffecton the
financialstatementsor the operationsof the charity,includingthe CharitiesAct 2011, taxationlegislation and
data protection, anti-bribery, employment, environmental and health and safety legislation;
-weassessedtheextentofcompliancewiththelawsandregulationsidentifiedabovethrough making
enquiries of management and inspecting legal correspondence; and
-identifiedlawsandregulationswerecommunicatedwithintheauditteamregularlyandtheteam remained
alert to instances of non-compliance throughout the audit.
Weassessedthesusceptibilityofthecompany'sfinancialstatementstomaterialmisstatement, including
obtaining an understanding of how fraud might occur, by:
-makingenquiriesofmanagementastowheretheyconsideredtherewassusceptibilitytofraud, their
knowledge of actual, suspected and alleged fraud; and
-consideringtheinternalcontrolsinplacetomitigaterisksoffraudandnon-compliancewithlaws and
regulations.
To address the risk of fraud through management bias and override of controls, we:
-performed analytical procedures to identify any unusual or unexpected relationships;
-tested journal entries to identify unusual transactions;
-assessedwhetherjudgementsandassumptionsmadeindeterminingtheaccountingestimates were
indicative of potential bias; and
-investigated the rationale behind significant or unusual transactions.
Inresponsetotheriskofirregularitiesandnon-compliancewithlawsandregulations,we designed
procedures which included, but were not limited to:
-agreeing financial statement disclosures to underlying supporting documentation;
-reading the minutes of meetings of those charged with governance;
-enquiring of management as to actual and potential litigation and claims; and
-reviewingcorrespondencewithHMRC,relevantregulatorsincludingtheHealthandSafetyExecutive, and
the company's legal advisors.
Thereareinherentlimitationsinourauditproceduresdescribedabove.Themoreremovedthatlaws and
regulationsarefromfinancialtransactions,thelesslikelyitisthatwewouldbecomeaware of
non-compliance.Auditingstandardsalsolimitthe auditproceduresrequiredto identifynon-compliance with
lawsandregulationstoenquiryofthedirectorsandothermanagementandtheinspectionofregulatory and
legal correspondence, if any.
Materialmisstatementsthat arise due to fraudcan be harderto detectthan thosethat arise from erroras they
may involve deliberate concealment or collusion.
Afurtherdescriptionofourresponsibilitiesfortheauditofthefinancialstatementsislocatedon the
FinancialReportingCouncil'swebsiteat www.frc.org.uk/auditorsresponsibilities.This descriptionforms part
of our Report of the Independent Auditors.
JVBanksiseligibleforappointmentasauditorofthecharitybyvirtueofitseligibilityforappointment as
auditor of a company under section 1212 of the Companies Act 2006.
Page 9
Report of the Independent Auditors to the Trustees of
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Use of our report
Thisreportismadesolelytothecharity'strustees,asabody,inaccordancewithPart4ofthe Charities
(AccountsandReports)Regulations2008. Ourauditworkhas been undertakenso thatwe mightstateto the
charity'strusteesthosematterswearerequiredtostatetotheminanauditors'reportandforno other
purpose.Tothefullestextentpermittedbylaw,wedonotacceptorassumeresponsibilitytoanyone other
thanthe charityand the charity'strusteesas a body,for our auditwork,for this report,or for the opinions we
have formed.
J V Banks
Chartered Accountants and Statutory Auditors
Banks House
Paradise Street
Rhyl
Denbighshire
LL18 3LW
29 March 2023
Page 10
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Statement of Financial Activities
for the Year Ended 31 March 2022
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
5
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
31.3.22
Unrestricted
fund
£
250,676
475,315
34,348
760,339
751,668
8,671
200,468
209,139 |
31.3.21
Total
funds
£
597,557
83,783
17,551 |
|
|
698,891 |
|
|
637,362 |
|
|
61,529
138,939 |
|
|
200,468 |
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 11
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Balance Sheet
31 March 2022
Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Stocks
11
Debtors
12
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one
year
14
NET ASSETS
FUNDS
16
Unrestricted funds
TOTAL FUNDS |
31.3.22
Unrestricted
fund
£
308,239
712
53,306
132,307
186,325
(32,653)
153,672
461,911
(252,772)
209,139
209,139
209,139 |
31.3.21
Total
funds
£
292,468
200
93,140
218,759
312,099
(98,437)
213,662
506,130
(305,662)
200,468
200,468
200,468 |
|
|
|
The financialstatementswereapprovedby theBoardof Trusteesandauthorisedforissueon 29 March 2023
and were signed on its behalf by:
P Islip - Trustee
The notes form part of these financial statements
Page 12
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Cash Flow Statement
for the Year Ended 31 March 2022
Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
New loans in year
Loan repayments in year
Net cash (used in)/provided by financing activities
Change in cash and cash
equivalents in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the
end of the reporting period |
31.3.22
£
(48,091)
(505)
(48,596)
(33,924)
5
(33,919)
-
(3,937)
(3,937)
(86,452)
218,759
132,307 |
31.3.21
£
157,859
(1,680)
156,179
(249,903)
62
(249,841)
50,000
(10,145)
39,855
(53,807)
272,566
218,759 |
|
|
|
The notes form part of these financial statements
Page 13
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Notes to the Cash Flow Statement for the Year Ended 31 March 2022
1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
Net income for the reporting period (as per the Statement
of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Interest paid
(Increase)/decrease in stocks
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash (used in)/provided by operations |
31.3.22
£
8,671
18,154
(5)
505
(512)
39,834
(114,738)
(48,091) |
31.3.21
£
61,529
18,108
(62)
1,680
400
(57,827)
134,031
157,859 |
|
|
|
2. ANALYSIS OF CHANGES IN NET FUNDS
Net cash
Cash at bank and in hand
Debt
Debts falling due within 1 year
Debts falling due after 1 year
Total |
At 1.4.21
£
218,759
218,759
-
(50,000)
(50,000)
168,759 |
Cash flow
£
(86,452)
(86,452)
(9,568)
13,504
3,936
(82,516) |
At 31.3.22
£
132,307
132,307
(9,568)
(36,496)
(46,064)
86,243 |
|
|
|
|
The notes form part of these financial statements
Page 14
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Notes to the Financial Statements
for the Year Ended 31 March 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective1January2019)',FinancialReportingStandard102'TheFinancialReporting Standard
applicablein the UK and Republicof Ireland'and the CharitiesAct 2011. The financialstatements have
been prepared under the historical cost convention.
Income
All incomeis recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedto the category.Where costscannotbe directlyattributedto particularheadingsthey have been
allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciationis providedat the followingannualratesin orderto write off each assetover its estimated
useful life.
Stocks
Stocksare valuedat the lowerof costandnetrealisablevalue,aftermakingdue allowancefor obsolete
and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
Hire purchase and leasing commitments
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesona straight
line basis over the period of the lease.
Pension costs and other post-retirement benefits
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothe charity's
pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 15
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
2.
DONATIONS AND LEGACIES
Fundraising
Grants
CJRS
Grants received, included in the above, are as follows:
Other grants
3.
OTHER TRADING ACTIVITIES
Sales
4.
INVESTMENT INCOME
Rents received
Deposit account interest
5.
RAISING FUNDS
Other trading activities
Opening stock
Purchases
Closing stock
Bad debts
Support costs |
|
31.3.22
£
27
221,035
29,614
250,676
31.3.22
£
221,035
31.3.22
£
475,315
31.3.22
£
34,343
5
34,348
31.3.22
£
200
1,684
(712)
-
750,496
751,668 |
|
31.3.21
£
3
423,306
174,248
597,557
31.3.21
£
423,306
31.3.21
£
83,783
31.3.21
£
17,489
62
17,551
31.3.21
£
600
1,434
(200)
1,670
633,858
637,362 |
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continued...
Page 16
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
6. SUPPORT COSTS
|
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Governance |
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|
Management |
Finance |
Other |
costs |
Totals |
|
£ |
£ |
£ |
£ |
£ |
Other trading activities |
20,559 |
4,462 |
712,964 |
12,511 |
750,496 |
7. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2022norfor the
year ended 31 March 2021.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2022norfortheyear ended
31 March 2021.
8. STAFF COSTS
31.3.22
£
Wages and salaries
384,631
Social security costs
18,924
Other pension costs
42,131
445,686
The average monthly number of employees during the year was as follows:
31.3.22
Leisure centre staff
43
No employees received emoluments in excess of £60,000.
9.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward |
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continued...
Page 17
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
TOTAL FUNDS CARRIED
FORWARD
10.
TANGIBLE FIXED ASSETS
Short
leasehold
£
COST
At 1 April 2021
263,916
Additions
2,520
At 31 March 2022
266,436
DEPRECIATION
At 1 April 2021
9,946
Charge for year
9,072
At 31 March 2022
19,018
NET BOOK VALUE
At 31 March 2022
247,418
At 31 March 2021
253,970
11.
STOCKS
Stocks
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
Trade debtors
Other debtors
Prepayments and accrued income |
Plant and
machinery
£
72,389
31,404
103,793
37,310
8,397
45,707
58,086
35,079
YEAR |
|
Fixtures
and
fittings
£
8,348
-
8,348
4,929
684
5,613
2,735
3,419
31.3.22
£
712
31.3.22
£
23,524
5,771
24,011
53,306 |
Unrestricted
fund
£
200,468
Totals
£
344,653
33,924
378,577
52,185
18,153
70,338
308,239
292,468
31.3.21
£
200
31.3.21
£
12,374
-
80,766
93,140 |
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continued...
Page 18
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 15)
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
14.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
Bank loans (see note 15)
Accruals and deferred income
Deferred government grants
15.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling due between two and five years:
Bank loans - 2-5 years
16.
MOVEMENT IN FUNDS
At 1.4.21
£
Unrestricted funds
General fund
200,468
TOTAL FUNDS
200,468
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
760,339
TOTAL FUNDS
760,339 |
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 15)
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
14.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
Bank loans (see note 15)
Accruals and deferred income
Deferred government grants
15.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling due between two and five years:
Bank loans - 2-5 years
16.
MOVEMENT IN FUNDS
At 1.4.21
£
Unrestricted funds
General fund
200,468
TOTAL FUNDS
200,468
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
760,339
TOTAL FUNDS
760,339 |
31.3.22
£
9,568
-
-
412
22,673
32,653
YEAR
31.3.22
£
36,496
-
216,276
252,772
31.3.22
£
9,568
36,496
Net
movement
in funds
£
8,671
8,671
Resources
expended
£
(751,668)
(751,668) |
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continued...
Page 19
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
16. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above a
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.4.20
£
138,939
138,939
re as follows:
Incoming
resources
£
698,891
698,891 |
Net
movement
in funds
£
61,529
61,529
Resources
expended
£
(637,362)
(637,362) |
At
31.3.21
£
200,468
200,468
Movement
in funds
£
61,529
61,529 |
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A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.4.20
£
138,939
138,939 |
Net
movement
in funds
£
70,200
70,200 |
At
31.3.22
£
209,139 |
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209,139 |
A currentyear12 monthsandprioryear12 monthscombinednetmovementin funds,includedin the
above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
Resources
resources
expended
£
£
1,459,230
(1,389,030)
1,459,230
(1,389,030) |
Movement
in funds
£
70,200
70,200 |
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continued...
Page 20
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
Page 21
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Detailed Statement of Financial Activities
for the Year Ended 31 March 2022
INCOME AND ENDOWMENTS
Donations and legacies
Fundraising
Grants
CJRS
Other trading activities
Sales
Investment income
Rents received
Deposit account interest
Total incoming resources
EXPENDITURE
Other trading activities
Opening stock
Purchases
Bad debts
Closing stock
Support costs
Management
Advertising
Finance
Bank charges
Bank interest
Bank loan interest
Other
Wages
Social security
Pensions
Hire of plant and machinery
Other operating leases
Rates and water
Insurance
Carried forward |
31.3.22
£
27
221,035
29,614
250,676
475,315
34,343
5
34,348
760,339
200
1,684
-
(712)
1,172
20,559
3,961
-
501
4,462
384,631
18,924
42,131
1,861
1,311
8,754
22,320
479,932 |
31.3.21
£
3
423,306
174,248
597,557
83,783
17,489
62
17,551
698,891
600
1,434
1,670
(200)
3,504
-
2,250
1,680
-
3,930
338,928
14,805
38,440
7,825
827
6,892
20,537
428,254 |
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This page does not form part of the statutory financial statements
Page 22
Holywell Leisure Centre Canolfan Hamdden
Treffynnon
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
Other
Brought forward
Light and heat
Telephone
Postage and stationery
Sundries
Staff training
Cleaning
Chemicals
Workwear
Service contracts
Licences
IT hardware and software
Repairs and renewals
External instructors
Short leasehold
Plant and machinery
Fixtures and fittings
Other interest
Governance costs
Auditors' remuneration
Accountancy and legal fees
Professional fees
Total resources expended
Net income |
31.3.22
£
479,932
101,599
2,372
1,376
340
4,107
8,711
10,410
1,550
11,159
2,123
11,681
56,937
2,509
9,073
8,397
684
4
712,964
1,992
3,650
6,869
12,511
751,668
8,671 |
31.3.21
£
428,254
100,328
3,847
447
-
377
10,106
4,328
-
15,571
4,246
19,123
17,284
857
8,989
8,264
855
- |
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622,876
1,896
3,466
1,690 |
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7,052 |
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637,362 |
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61,529 |
This page does not form part of the statutory financial statements
Page 23