2021-03-31-accounts - The British Wheelchair Sports Foundation Limited

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Royal Patron	Royal Patron	His Royal Highness The Prince ofWales, KG, KT, GCB, OM, AK,	His Royal Highness The Prince ofWales, KG, KT, GCB, OM, AK,	His Royal Highness The Prince ofWales, KG, KT, GCB, OM, AK,	His Royal Highness The Prince ofWales, KG, KT, GCB, OM, AK,
		QSO, PC,ADC
Patrons		The Countess ofWestmorland
		MrAde Adepitan MBE
		Mr Kris Aves
		Mr David Barnett
		Mrs Timothy Christie
		Baroness Tanni Grey-Thompson			DBE DL
		Mr Paddy Hopkirk MBE
		Mr Roger Jefcoate CBE, DL
President		The Hon. Mrs Mark Vestey
Life Vice President		Mr Kevan Baker OBE
Vice-Presidents		The Countess ofSwinton
		Mrs Ann Cutcliffe OBE
		Miss Sally Haynes MBE
		Mr Glyn Hibbert
		Mr Mark Jarrad
		Mrs Eva Loeffler OBE
		Mr David Skinner
		Mr Ernie Guild MBE
Chair ofTrustees		Mr Robert Wilson
Vice Chair	and Senior Independent	Mr Robin Courage MBE
Trustee
Trustees		Ms Pauline Betteridge
		Mrs Shuna Body MBE
		Mr Robin Courage MBE
		Mr Tony Garrett
		Ms Deborah Hodge
		Mr Nigel Moore
		Mr Nigel Roberts
		Mr Christopher Scott OBE
		Mr Robert Wilson
		Miss Susan Wolstenholme		OBE
Secretary		Mr Martin McElhatton	OBE
Chief Executive		Mr Martin McElhatton	OBE
Charity number		265498
Company	number	01059490

		Page
Chairman's Statement		1-2
Chief Executive Overview		3-5
Trustees' Report		6-10
Statement ofTrustees'	Responsibilities
Independent Auditor's	Report	12-14
Statement ofFinancial	Activities	15
Balance Sheet		16
Statement ofCash Flows		17
Notes to the Financial	Statements	18-31

				Unrestricted	Restricted	Total	Total
				funds	funds
			Notes	2021 f	2021 f	2021f	2020f
Donations and legades				212,670	197,776	410,446	661,530
Charitable activities				1,580		1,580	13,359
Other trading activities				154,279	50	154,329	254,337
Investments				14,369		14,369	18,111
Furlough income				67,202		67,202
Total Income				450,100	197,826	647,926	947,337
gK~nlIIKRBK Raising funds			7	182,943		182,943	235,990
Charitable activities			9	193,161	551,696	744,857	894,217
Total resources expended				376,104	551,696	927,800	1,130,207
Net gains/(losses)	on investments		13	55,886		55,886	(71,569)
Net incoming/(outgoing)		resources before
transfers				129,882	(353,870)	(223,988)	(254,439)
Gross transfers between		funds		(13,964)	13,964
Net movement in	funds			115,918	(339,906)	(223,988)	(254,439)
Fund balances at 1 April		2020		1,535,460	4,124,921	5,660,381	5,914,820
Fund balances at	31 March 2021			1,651,378	3,785,015	5,436,393	5,660,381

			2021		2020
		Notes	6		6	6
Fixed assets
Tangible assets		12		4,152,105		4,489,969
Investments		14		298,130		242,244
				4,450,235		4,732,213
Current assets
Debtors			3,661		37,742
Cash at bank and in	hand		1,011,031		925,278
			1,014,692		963,020
Creditors: amounts	falling dus within
one year		17	(28,534)		(34,852)
Net current assets				986,158		928,168
Total assets less current liabilities				5,436,393		5,660,381
Income funds
Restricted funds		19		3,785,015		4,124,921
Unrestricted funds				1,651,378		1,535,460
				5,436,393		5,660,381

						2021		2020
					Notes	f			f
Cash flows from operating				activities
Cash generated		from operations			25		100,765		119,181
Investing	activities
Purchase	oftangible fixed		assets			(29,381)		(43,405)
Purchase	of investments							(100,000)
Interest received						14,369		18,111
Net cash	used	in investing		activities			(15,012)		(125,294)
Net cash	used	in financing		activities
Net Increase/(decrease)			In	cash and cash
equivalents							85,753		(6,113)
Cash and	cash	equivalents		at beginning	ofyear		925,278		931,391
Cash and	cash	equivalents		at end ofyear			1,011,031		925,278

Donations	and legacies
		Unrestricted	Restricted	Total	Total
		funds	funds	2021	2020
Donations	and gifts	50,531	14,390	64,921	64,756
Income from trusts and legacies		149,639	88,414	238,053	517,429
Grants		12,500	94,972	107,472	79,345
		212,670	197,776	410,446	661,530
For the y	ear ended 31March 2020	375,121	286,409		661,530

				National	Total	Total
				Junior	2021	2020
				Games
				s
	Incoming resources from charitable		activities	1,580	1,580	13,359
5	Other trading	activities

			Unrestricted	Restricted	Total	Total
			funds	funds	2021	2020
Fundraising		events	73,682	50	73,732	180,446
Stadium	income		80,597		80,597	73,891
Other trading		activities	154,279	50	154,329	254,337
For the March	year ended 31 2020		248,812	5,525		254,337

6	Investments
				2021	2020
	Interest from investments			14,369	18,111
7	Raising funds
				2021	2020
	Staging fundraising		events	1,726	7,752
	Other fundraising	costs		17,058	32,216
	Stair costs			107,677	146,096
	Support costs (see		note 10)	13,266	14,978
				139,727	201,042
	Qgatttt(gttgg8(0
	Support costs (see		note 10)	43,216	34,948
				182,943	235,990

		2021f	2020f
Staff costs		274,204	262,618
Sports camps		39,221	58,577
Junior games		(26)	39,356
National games		2,518	66,697
Other sports	expenditure	4,574	21,458
Irrecoverable	VAT		12,587
		320,491	461,293
Share ofsupport costs (see note 10)		424,366	432,924
		744,857	894,217

Support c	o	sts
			Support	Governance	2021	Support	Governance	2020
			costs f	costs f		costs f	costs
Staff costs				17,368	17,368		17,238	17,238
Depreciation			367,245		367,245	361,931		361,931
Rates and	insurance		36,919	1,941	38,860	39,776	2,093	41,869
Maintenance			1,718		1,718	4,673		4,673
Overheads			19,415	1,258	20,673	13,032	1.137	14,169
Finance &administration			1,210	47	1,257	3,328	454	3,782
Irrecoverable		VAT	11,125	586	11,711	25,162	1,324	26,486
Audit fees				4,000	4,000		5,000	5,000
Legal and	professional			17,237	17,237		4,032	4,032
Other direct		costs		779	779		3,670	3,670
			437,632	43,216	480,848	447,902	34,948	482,850
Analysed	between
Fundraising			13,266		13,266	14,978		14,978
Trading				43,216	43,216		34,948	34,948
Charitable	activities		424,366		424,366	432,924		432,924
			437,632	43,216	480,848	447,902	34,948	482,851

11	Employees
	Number ofemployees
	The average monthly	number of	employees	during the		year was:
								2021	2020
								Number	Number
								18	18
	The full time equivalent	number	ofemployees		included	within the	above average	numbers was	11
	(2020:11).
	Employment costs							2021	2020
	Wages and salaries							351,470	377,623
	Social security costs							29,314	30,104
	Other pension costs							18,465	18,225
								399,249	425,952
12	Tangible fixed assets
							Leasehold	Plant and	Total
							Improvements	machineryf
	Cost
	At 1 April 2020						11,255,174	264,242	11,519,416
	Additions							29,381	29,381
	Disposals							(174,218)	(174,218)
	At 31 March 2021						11,255,174	119,405	11,374,579
	Depreciation and impairment
	At 1 April 2020						6,789,458	239,989	7,029,447
	Depreciation charged	in the year					359,944	7,301	367,245
	Eliminated in respect	ofdisposals						(174,218)	(174,218)
	At 31 March 2021						7,149,402	73,072	7,222,474
	Carrying amount
	At 31 March 2021						4,105,772	46,333	4,152,105
	At 31 March 2020						4,465,716	24,253	4,489,969

13	Net gains/(lo	sses)	on investments
					2021	2020
					6	f
	Revaluation	of investments			55,886	(71,569)
14	Fixed asset	Investments
				M8 G	Other	Total
				Unlisted	Investments
				Investments
	Cost or valuation
	At 1 April 2018			241,244	1,000	242,244
	Revaluations			55,886		55,886
	At 31 March	2021		297,130	1,000	298,130
	Carrying amount
	At 31 March	2021		297,130	1,000	298,130
	At 31 March	2020		241,244	1,000	242,244
					2021	2020
	Other investments		comprise:	Notes		6
	Investments	in subsidiaries		24	1,000	1,000
15	Debtors
					2021	2020
	Amounts falling		due within one year:			6
	Trade debtors				293	34,129
	Prepayments	and	accrued income		3,368	3,613
						37,742

16	Financial instruments					2021f	2020f
	Carrying amount of	financial		assets
	Debt instruments measured		at amortised		cost	293	34,129
	Equity instruments measured			at cost less impairment		298,130	242,244
	Carrying amount of	financial		liabilities
	Measured at amortlsed cost					12,859	13,219
17	Creditors: amounts	falling	due within		one year
						2021f	2020f
	Other taxation and social security					10,675	15,631
	Trade creditors					9,201	9,706
	Other creditors					3,658	3,513
	Accruals and deferred	income				5,000	6,002
						28,534	34,852

					Movement in funds	Movement in funds
				Balance at	Incoming	Resources	Transfers	Balance at
				1April 2020	resources f	expended	31 f	March 2021 f
Spinal Programme				110,990	11,854	(41,422)	24,172	105,594
Sports Festivals				21,836		(894)	(1,856)	19,086
National Junior Games				19,401	6,556	26		25,983
Bruce Wake					25,000		(8,561)	16,439
Equipment Fund				44,375	46,196	(32,862)	199	57,908
Resources					10,900	(2,620)	250	8,530
Education Fund				7,905	1,000		(3,570)	5,335
Sport England					92,320	(89,644)	(2,676)
Stoke Mandeville	Stadium	Development
Fund				41,857		(12,215)	(4,072)	25,570
Sports Events and Development			Oflicer
Fund					4,000	(14,314)	10,314
Winter Sports Fund				17,980				17,980
Redevelopment	Fund 2003			3,860,577		(357,987)		3,502,590
				4,124,921	197,826	(551,932)	14,200	3,785,015

	2021	2020
		E
Within one year	3,214	4,489
Between two and five years	472	1,181
	3,686	5,670

Analysis ofnet assets between funds
		Unrestricted	Restricted	Total
		funds	funds
Fund balances at 31 March 2021 are represented	by:
Tangible assets		649,515	3,502,590	4,152,105
investments		298,130		298,130
Current assets		703,733	282,425	986,158
		1,651,378	3,785,015	5,436,393

24	Subsidiary
	Details ofthe Charity's	subsidiary at	31	March 2021 are	as follows:
	Name of undertaking	Registered		Nature of	business	Class of % Held
		office				shares	hekl Direct	Indirect
	The Guttmann Sports and England		&	Dormant		Ordinary	100.00
	Leisure Centre Limited	Wales
25	Cash generated from	operations					2021f	2020
	Deficit for the year					(223,988)		(254,439)
	Adjustments for:
	Investment income recognised in statement offinancial				activities		(14,369)	(18,111)
	Fair value (gains) and	losses on investments					(55,886)	71,569
	Depreciation and impairment oftangible			fixed assets			367,245	361,931
	Movements in working	capital:
	Decrease/(increase) in debtors						34,081	(14,190)
	(Decrease) in creditors						(6,318)	(27,579)
	Cash generated from	operations					100,765	119,181