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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||||
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|||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|
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|||||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|
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||||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|
##
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|||||||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|
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|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|Natlonals|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|
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|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|
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|||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|
##
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|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|
##
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|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|
##
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||||||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|
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||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|
##
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|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|