2022-03-31-accounts - The Downside Settlement

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			Page
Report ofthe Trustees		1	to	7
Independent Examiner's	Report
Statement ofFinancial Activities
Balance Sheet			10
Cash Flow Statement
Notes to the Cash Flow	Statement		12
Notes to the Financial Statements		13	to	24
Detailed Statement ofFinancial Activities		25	to	26

						31.3.22	31.3.21
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes
INCOME AND ENDOWMENTS		FROM
Donations and legacies				174,805	12,820	187,625	182,083
Charitable activities
Provision ofRecreational	Facilities			179,977		179,977	6,250
Other trading activities				5, 142		5,142	7,560
Investment income				10		10	1,651
Other income				54,443		54,443	177,058
Total				414,377	12,820	427,197	374,602
EXPENDIT U RE ON
Raising funds				2,950		2,950	2,651
Charitable activities
Provision ofRecreational	Facilities			345,859	102,856	448,715	403,806
Total				348,809	102,856	451,665	406,457
Net gains on investments							2,181
NET INCOME/(EXPENDITURE)				65,568	(90,036)	(24,468)	(29,674)
Transfers bctwccn funds			16	(46,492)	46,492
Net movement in funds				19,076	(43,544)	(24,468)	(29,674)
RECONCILIATION OF FUNDS
Total funds brought forward				290,519	218,056	508,575	538,249
TOTAL FUNDS CARRIED FORWARD				309,595	174,512	484,107	508,575

				31.3.22	31.3.21
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	f	f		f
FIXEDASSETS
Tangible assets	13	232,877	100,110	332,987	362,938
CURRENT ASSETS
Debtors	14	18,579		18,579	5,265
Cash at bank and in hand		79,213	74,402	153,615	169,794
		97,792	74,402	172,194	175,059
CREDITORS
Amounts falling due within one year	15	(21,074)		(21,074)	(29,422)
iVET CURRENT ASSETS		76,718	74,402	151,120	145,637
TOTAL ASSETSLESSCURRENT LIABILITIES		309,595	174,512	484,107	508,575
NET ASSETS		309,595	174,512	484,107	508,575
FUNDS	16
Unrestricted funds				309,595	290519
Restricted funds				174,512	218,056
TOTAL FUNDS				484,107	508,575

						31.3.22	31.3.21
					Notes	f
Cash flows from operating	activities
Cash generated from operations						(16,189)	43,291
Net cash (used in)/provided	by	operating	activities			(16,189)	43,291
Cash flows from investing	activities
Sale offixed asset investments							2,181
Disposal ofinvestments							103,349
Interest received						10	10
Net cash provided by investing		activities				10	105,540
Change-in cash and cash equivalents			in the
reporting period						(16,179)	148,831
Cash and cash equivalents	at	the beginning		of
thc reporting period						169,794	20,963
Cash and cash equivalents	at	the end	ofthc
reporting period						153,615	169,794

Year Ended 31 March	2022	2022	2022	2022
RECONCILIATION	OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
				31.3.22	31.3.21
Net expenditure for	the reporting		period (as per the Statement ofFinancial
Activities)				(24,468)	(29,674)
Adjustments for:
Depreciation charges				29,952	31,905
Losses on investments					(2,181)
Interest received				(10)	(10)
(Increase)/decrease in	debtors			(13,314)	50,809
Decrease in creditors				(8,349)	(7,558)
Net cash (used in)/provided		by operations		(16,189)	43,291

ANALYSIS OF CHANGES IN NET FUNDS
	At 1.4.21	Cash flow	At 31.3.22
Net cash
Cash at bank and in hand	169,794	(16,179)	153,615
	169,794	(16,179)	153,615
Total	169,794	(16,179)	153,615

DONATIONS AND LEGACIES
	31.3.22	31.3.21
Donations	24,929	31,623
Gift aid	2,967	2,732
Grants	159,729	147,728
	187,625	182,083

				31.3.22	31.3.21
Armourers k. Brasier's Gauntlet			Trust		1,541
D&J Hunter Charitable	Trust				5,000
Downside Abbey					784
Eleanor Hamilton Educational			Trust	4,000	4,000
Garfield Weston Foundation				35,000
GLC Charitable Trust					1,000
Hobson Charitable Trust					500
Joseph Strong Frazer Trust				1,000	500
MVM Trust				300
Newcome Collett Foundation				1,000
Pen Trust				25,000	14,000
Sir Harold Hood's Charitable		Trust		30,000	30,000
Southwark Council				24,429	50,403
The Clover Trust				6,000	5,000
The Mabs Mardulyn Charitable			Foundation	30,000	35,000
The Nicholas Winsor Foundation				300
Thc Simpson Foundation				2,700
				159,729	147,728
OTHER TRADING ACTIVITIES
				31.3.22	31.3.21
Boxing Dinner Income				4	7,043
Other Income				5,138	517
				5,142	7,560
INVESTiMENT IiVCOiME
				31.3.22	31.3.21
Income from Investment	Funds				1,641
Deposit account interest				10	10
				10	1,651

	INCOME FRO	M CHA	RITABLE	ACTIVITIES
							31.3.22	31.3.21
				Activity
	Hire offacilities			Provision ofRecreational	Facilities		177,696	6,250
	Member/Users	Fees		Provision ofRecreational	Facilities		581
	Canteen Sales			Provision ofRecreational	Facilities		1,700
							179,977	6,250
6.	RAISING FUNDS
	Raising donations and		legacies
							31.3.22	31.3.21
								f
	Boxing Dinner	Expenses						56
	Other Expenses						216	216
							216	272
	Other trading	activities
							31.3.22	31.3.21
	Club Activities	Costs					2,734	2,379
	Aggregate amounts						2,950	2,651
7.	CHARITABLE ACTIVITIES COSTS
							Support
						Direct	costs (see
						Costs f	note 8) f	Totals f,
	Provision ofRecreational		Facilities			439,717	8,998	448,715
8.	SUPPORT COSTS
							Governance
						Finance	costsf	Totals f
	Provision ofRecreational		Facilities			602	8,396	8,998
9.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated	aAer charging/(crediting):
							31.3.22	31.3.21
								f
	Depreciation - owned assets						29,951	31,904
	Independent Examination		Fee				2,954	2,954

	STAFF COSTS
							31.3.22	31.3.21
	Wages and salaries						264,569	243,538
	Social security costs						14,580	12,049
	Other pension costs						3,940	3,433
							283,089	259,020
	The average monthly	number ofemployees			during	the year was as follows:
							31.3.22	31.3.21
	All staff						17	16
	No employees received emoluments			in excess off60,000.
12.	COMPARATIVES FOR THE STATEiVIEN'I'					OF FINANCIAL ACTIVITIES
						Unrestricted	Restricted	Total
						funds	funds	funds
	INCOME AND ENDOWMENTS			FROM
	Donations and legacies					178,082	4,001	182,083
	Charitable activities
	Provision ofRecreational		Facilities			6,250		6,250
	Other trading activities					7,560		7,560
	Investment income					1,651		1,651
	Other income					177,058		177,058
	Total					370,601	4,001	374,602
	EXPENDITURE ON
	Raising funds					2,651		2,651
	Charitable activities
	Provision ofRecreational		Facilities			305,375	98,431	403,806
	Total					308,026	98,431	406,457
	Net gains on investments					2,181		2,181
						Pae17		continued. ..

12.	COMPARATIVES	FOR	FOR	THE STATEMENT OF FINANCIAL ACTIVITIES - continued	THE STATEMENT OF FINANCIAL ACTIVITIES - continued	THE STATEMENT OF FINANCIAL ACTIVITIES - continued	THE STATEMENT OF FINANCIAL ACTIVITIES - continued
							Unrestricted	Restricted	Total
							funds	funds	funds
	NET INCOiVIE/(EXPENDITURE)						64,756	(94,430)	(29,674)
	Transfers betvveen	funds					(44,113)	44,113
	Net movement in funds						20,643	(50,317)	(29,674)
	RECONCILIATION		OF	I' UiVDS
	Total funds brought		forvvard				269,875	268,374	538,249
	TOTAL FUNDS CARRIED FORWARD						290,518	218,057	508,575
13.	TANGIBLE FIXED		ASSETS
						Improvements	Fixtures
					Freehold	to	and	Motor
					property	property	littings	vehicles	Totals
	COST
	At 1 April 2021 and
	31 March 2022				190,000	126,458	120,752	85,037	522,247
	DEPRECIATION
	At I April 2021					5,015	69,257	85,037	159,309
	Charge for year					1,671	28,280		29,951
	At 31 March 2022					6,686	97,537	85,037	189,260
	NET BOOK VALUE
	At 31 March 2022				190,000	119,772	23,215		332,987
	At 31 March 2021				190,000	121,443	51,495		362,938
14,	DEBTORS: AMOUNTS			FALLING	DUE WITHIN	ONE YEAR
								31.3.22	31.3.21
									f
	Trade debtors							14,133	702
	Other debtors							2,967	2,732
	Prepayments							1,479	1,831
								18,579	5,265

15.	CREDITORS: AMOUNTS FALLING DU	E WITHIN ONE YEAR
				31.3.22	31.3.21
					f.
	Trade creditors			11,087	(731)
	Social security and other taxes			6,889	4,705
	Other creditors			144	26
	Accrued expenses			2,954	3,034
	Deferred income				22,388
				21,074	29,422
16.	MOVEMENT IN FUNDS
			Net	Transfers
			movement	between	At
		At 1.4.21	in funds	funds	31.3.22
					f.
	Unrestricted funds
	General fund	185,219	65,568	(46,492)	204,295
	Revaluation Reserve	29,886			29,886
	Designated Fixed Asset Fund	75,414			75,414
		290,519	65,568	(46,492)	309,595
	Restricted funds
	Art Fund	1,359	(57)		1,302
	Brewin Duvollet	7,575			7,575
	Christmas Event	1,360	640		2,000
	Cookery Course	9,125	850		9,975
	Fitness Gym Project	88,735	(2,417)		86,318
	Jack Petchey Award	3, 129			3,129
	Lifeguard Training	4,579			4,579
	Outward Bound		(45,529)	45,529
	Presentation Evening	370			370
	Senior Citizens Events	696	655		1,351
	Sport Supplies	3,832			3,832
	Summer Activities	12,873			12,873
	Youth Worker Training	4,937			4,937
	Dance Fund	1,700			1,700
	Evening Youth Club	20,000	(20,000)
	Leyla Music Project	370			370
	Refurbishment	21,260	(5,137)		16,123
	Swimming Pool	36,156	(19,041)	963	18,078
		218,056	(90,036)	46,492	174,512
	TOTAL FUNDS	508,575	(24,468)		484,107

	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General fund	414,377	(348,809)	65,568
Restricted funds
Art Fund		(57)	(57)
Christmas Event	5,000	(4,360)	640
Cookery Course	1,000	(150)	850
Fitness Gym Project	4,320	(6,737)	(2,417)
Outward Bound		(45,529)	(45,529)
Senior Citizens Events	2,500	(1,845)	655
Evening Youth Club		(20,000)	(20,000)
Rel'urbishment		(5,137)	(5,137)
Swimming Pool		(19,041)	(19,041)
	12,820	(102,856)	(90,036)
TOTAL FUNDS	427,197	(451,665)	(24,468)

			Net	Transfers
			movement	between	At
		At 1.4.20	in funds	funds	31.3.21
Unrestricted funds
General fund		164,575	64,757	(44,113)	185,219
Revaluation Reserve		29,886			29,886
Designated Fixed Asset Fund		75,414			75,414
		269,875	64,757	(44,113)	290,519
Restricted funds
Art Fund		1,359			1,359
Brewin Duvollet		7,575			7,575
Christmas Event		1,360			1,360
Cookery Course		9,125			9,125
I itness Gym Project		95,471	(6,736)		88,735
Jack Petchey Award		3,129	(1,000)	1,000	3,129
Lifeguard Training		4,579			4,579
Outward Bound			(43,061)	43,061
Presentation Evening		370			370
Senior Citizens Events		696			696
Sport Supplies		3,832			3,832
Summer Activities		12,873			12,873
Youth Worker Training		4,937			4,937
Dance Fund		1,700			1,700
Evening Youth Club		20,000			20,000
Leyla Music Project		370			370
Training Fund		(10)		10
Refurbishment		46,774	(25,514)		21,260
Swimming Pool		54,234	(18,078)		36,156
Other Restricted Funds			(42)	42
		268,374	(94,431)	44,113	218,056
TOTAL FUNDS		538,249	(29,674)		508,575
Comparative net movement	in funds, included	in the above are as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrcstrictcd funds
General Iund		370,601	(308,025)	2,181	64,757
Restricted funds
Fitness Gym Project			(6,737)		(6,736)
Jack Petchey Award			(1,000)		(1,000)
Outward Bound			(43,061)		(43,061)
Refurbishment			(25,514)		(25,514)
Swimming Pool			(18,078)		(18,078)
Other Restricted Funds		4,000	(4,042)		(42)
		4,001	(98,432)		(94,431)
TOTAL FUNDS		374,602	(406,457)	2, 181	(29,674)

		Net	Transfers	Transfers
		movement	between		At
	At 1.4.20	in funds	funds		31.3.22
			f
Unrestricted funds
General fund	164,575	130,325	(90,605)		204,295
Revaluation Reserve	29,886				29,886
Designated Fixed Asset Fund	75,414				75,414
	269,875	130,325	(90,605)		309,595
Restricted funds
Art Fund	1,359	(57)			1,302
13rewin Duvollet	7,575				7,575
Christmas Event	1,360	640			2,000
Cookery Course	9,125	850			9,975
Fitness Gym Project	95,471	(9,153)			86,318
Jack Petchey Award	3,129	(1,000)	1,000		3,129
Lifeguard Training	4,579				4,579
Outward 13ound		(88,590)	88,590
Presentation Evening	370				370
Senior Citizens Events	696	655			1,351
Sport Supplies	3,832				3,832
Summer Activities	12,873				12,873
Youth Worker Training	4,937				4,937
Dance Fund	1,700				1,700
Evening Youth Club	20,000	(20,000)
Leyla Music Project	370				370
Training Fund	(10)			10
Refurbishment	46,774	(30,651)			16,123
Swimming Pool	54,234	(37,119)		963	18,078
Other Restricted Funds		(42)		42
	268,374	(184,467)	90,605		174,512
TOTAL FUNDS	538,249	(54,142)			484,107

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted funds
General fund		784,978	(656,834)	2,181	130,325
Restricted funds
Art Fund			(57)		(57)
Christmas Event		5,000	(4,360)		640
Cookery Course		1,000	(150)		850
Fitness Gym Project		4,321	(13,474)		(9,153)
Jack Petchey Award			(1,000)		(1,000)
Outward Bound			(88,590)		(88,590)
Senior Citizens Events		2,500	(1,845)		655
Evening Youth Club			(20,000)		(20,000)
Refurbishment			(30,651)		(30,651)
Swimming Pool			(37,119)		(37,119)
Other Restricted	I.unds	4,000	(4,042)		(42)
		16,821	(201,288)		(184,467)
TOTAL FUNDS		801,799	(858,122)	2,181	(54,142)