## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |for the Year Ende|d 3|1 March 2021||||||| |---|---|---|---|---|---|---|---|---| ||||||||31.3.21|31.3.20| ||||||Designated|||| |||||Unrestrtcted|(I.ifccycie)|Restncted|Toml|Total| |||||Funds|Funds|funds|funds|funds| ||||Notes|||6|f|8| |INCOME AND ENDOWiiEVTS||||||||| |FROM||||||||| |External Contributians||||||12|12|6,945| |Charitable
activities|||4|||||| |I.cisttre Acttvittes||||2,002,977|||2,002,977|4,396,293| |Investment
income|||3|5,298|~22 049||27,348|45,096| |Total||||2,008 275|22,049||2,030,337|4,448,334| |FXPENDITURE|ON|||||||| |Charitable
acnvities|||5|||||| |l.eisure Activities||||2,276,411|56,239||2,332,650|3,597,342| |I/F.T||||||||| |11VCOME/(EXPEiVDITURE)||||(268,136)|(34,190)|13|(302,313)|850,992| |Other recognised|gains/(losses)|||||||| |Actuarial
gains/(losses)
benefit schemes||an defined||146,000|||146,000|~(90000)| |Net movement
in|funds|||(122,136)|(34,190)|13|(156,313)|660,992| |RECONCILIATION||OF FUVDS||||||| |Total funds brought||forward||4,954,000|4,755,969|64,416|9,774,385|9 113393| |TOTAL FUNDS|CARRIED|||||||| |FORWARD||||4,831,864|4,721,779|64,429|9,618,072|9,774,385| ## ## |BALANCE SHEET
31.March 2021||||||| |---|---|---|---|---|---|---| ||||||31.3.21|31.3.20| ||||Designated|||| |||Unrestricted|(Lifecycle)|Restricted|Total|Total| |||fbndh|Funcle|funds|funds|funds| ||Votes|f.||6||| |FIXEDASSETS||||||| |Tangible assets||4,345,592|||4,345,592|4,337,992| |CURRENT ASSET'S||||||| |Stocks
Debtors|12
13|1,054
159,924|||1,054
159,924|826
57,212| |Cash at bank snd m hand||1,676,408|4,738 831|64,429|di,479,668|6,859,528| |||1,837,3S6|4,738,831|64,429|6,640,646|6,917,566| |CRKDITORS||||||| |Amounts
fallmg due within one year|14|(829,114)|(17,052)||(846,166)|(813,173)| |NET CURRENf ASSETS||I 00S,272|4,72i,779|64,429|5 794,480|6 104393| |TOTAL ASSETSI.KS8||||||| |CL'RRENT LIABILITIES||5,353.864|4,721,779|64,429|10,140,072|10,442,385| |PENSION LIABILITY|16|(522 000)|||(522,000)|(668,000)| |NET ASSETS||4,831,864|4 721,779|64,429|9,618,072|9,774,385| |IiUNDS|15|||||| |Unrestncted
funds|||||9,553,643|9.709,969| |Restricted
funds|||||64,429|64,416| |TOTAL FUVDS||||||| ## |for the Year Ended 31Ma|rch 2021||||| |---|---|---|---|---|---| |||||31.3.21|31.320| ||||Notes||| |Cash flows froin operadng
activities
Cash generated
fram oPetations||||~399,608)|~575 090| |Net cash (used in)/provided|by operating|activities||~399,6081|~575 090| |Cash Rows from investing|activities||||| |Purchase oftangible
fixed assets||||(7,600)|(345,903)| |interest reccivcd||||27,348|45,096| |Net cash provided
by/(used|in) im eating activities|||19,748|~300,807)| |Change
in cash and cash|equivalents|in the|||| |reporting
period||||(379.860)|274,283| |Cash and cash equivalents|at the beginning||of||| |the reporting
period||||6,859,528|6,585,245| |Cash and cash equivalents|at the end|ofthe|||| |reporting
period||||6,479,668|6,859,528| |ACTIVITIES|||||| |---|---|---|---|---|---| |||||31 321|31 3.20| |||||6|| |Net (expenditure)/income||for the reporting|period (as per the Statement of||| |Financial Activities)||||(302,313)|850,992| |Adjustments
for:|||||| |interest received||||(27,348)|(45,096)| |Increase
in stocks||||(228)|| |(Increase)/decresse
Increase/(decrease)|in debtors
in cmdltcrs|||(102,712)
32,993|40,447
(271,253)| |Net cash (used in)/proxdded||bf opera(ionx||~399,608)|575,090| ## |ANALYSIS OF CHANGES
IN NKT FUNDS|||| |---|---|---|---| ||At 1.4.20|Cash flow|At 31.3.21| |||f.|| |Net cash|||| |Cash at bank and in hend|~6,859 528|379,860|~6,479 668| ||6,859,528|379 860|6,479,668| |Total|6,859,528|379,860|~6479,668| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||313.2'1|31.3.20| |---|---|---|---|---|---|---|---| |Stadium|lifecycle contribution|||||12|~6945| |INVESTMENT|||INCOME||||| |||||||31.3.21|31.3,20| ||||||||6| |Deposit|account||interest|||27,348|45,096| |INCOME FROM CHARITABLE ACTIVITIES|||||||| |||||||31 3.21|31.3.20| ||||||Activity||| |income|from Activities||||I.eisure Activities|992,624|3,922,694| |General|Income||||Leisure Acdvities|13,318|92,894| |Gran(s|||||Leisure Acbvi(ies|609,203|| |Rental incornc||Crom tenants|||Leisure Activities|350,305|339,596| |Studio, Service||charge k||misc|I.eisurc Activities|37,527|41,109| |||||||~2002,977|~4396293| |Grants t|ecclved,||included|in thc|abave, are as follows:|31.3.21|31.3.20| |Furlough|grant|received||||609,203|| ## ## ||||||Support|| |---|---|---|---|---|---|---| |||||Ibirect|costs(see|| |||||Costs
f|noie 6]|Totals| ||Leisure|Activities||845.938|1,486,712|2 332,650| |6.|SUPPORT COSTS|||||| ||||||Governance|| |||||Managemenr.
6|costs|Totals
f| ||Leisure|Activities||~1459,643|27,069|~1,486 712| |7.|NET INCOME/(EXPENDITURE)|||||| ||Net income/(expenditure)||is stated aher charging/(cieditingj:|||| ||||||313.21|31 3.20| ||Auditom'|remuneration|||9,209|9,182| ## ## |9.|STAFF COSTS|||||||| |---|---|---|---|---|---|---|---|---| ||||||||31.3.21|31.3.20| ||Wages and salaries||||||1,272,455|1,513,847| ||Social sccunty costs||||||57,476|70,909| ||Other pension
costs||||||99,856|97,637| ||||||||1,429,787|~1682393| ||The average monthly|number ofemployees||during|the year was|as follows.||| ||||||||31.3.21|31.3.20| ||iVI snag
em en( and admi|metre|iron||||10|10| ||Maintenance
and grounds||||||2|2| ||Customer
service and|other|staff||||34|35| ||||||||46|| ||The number ofemployees||ivhose employee|benefits|(excluding|employer|pension costsi exceeded 660,000|was:| ||||||||31.3.21|31.3.20| ||f80,001 - 690,000||||||1|I| ## ## |COMPARATIVES F|OR TRE STA'I'f MENT OF I|IPIANCIAL ACT|IVITIES||| |---|---|---|---|---|---| ||||Designai. ed||| ||||(Lifecyclc)|Restricted|Total| ||||Fiiiids|funds|funds| |||||f.|| |LVCOME AND EVDOWMENTS FROM|||||| |External
Ciintribu(iona||||6,945|6,945| |Charitable
activities|||||| |Leisure Activities||4,396,293|||4,396,293| |Iniestmcnt
income||~)1745|33,35)||~45 096| |Total||4,408,038|33,35)|6,945|4,448,334| |EXPENDITURE ON|||||| |Charitable
activities|||||| |Leisure Activities||3,597,342|||3,597,342| |NET INCOhfE||810,696|33,35i|6,945|850,992| |Transfers
between
funds||~489,)67)|489,167||| |Other recegnised
gains/(losses)
Actuarial
gains/i)oases)
on defined benefit scbetnes||(190,000)|||(190,000)| |~et movement
in funds||131,529|522,518|6,945|660,992| |RECOIVCILIATIONi|OF FUNDS||||| |'fotal funds brought|forward|4,822,47i|4,233,451|57,471|9,113,393| |TOTAL FU)VDS CARRIED IiORWARD||4,954,000|4,755,969|64,416|9,774,385| |TANGIBLE FIXED|ASSETS||||I.ong| ||||||leasehold| |CO,IT
At
I April 2020
Additions|||||4,337,992
7,600| |At 3l March 2021|||||4,345,592| |NET BOOK VALUE|||||| |At 31March 2021|||||4,345,592| |At 31 March 2020|||||~4,337992| ## |||f| |---|---|---| |initial valuation||2,500,000| |Cm park||1,045,920| |Trampoline|park|799,672| |Total cost||4,345,592| ## |STOCKS|||||| |---|---|---|---|---|---| |||||31.3.21|31.3.20| |||||I|I| |:vliscellaneous||||1,054|826| |DEBTORS:AMOUNTS FALLING DUF. WITHIN ONK YEAR|||||| |||||31.3.21|31.3.20| ||||||I| |Trade debtors||||28,241|4,221| |Other debtors||||131,555|52,991| |VAT||||128|| |||||~159924|57,212| |CREDITORS: AVIOUNTS||FALLIVG DUE WITHIN ONE YEAR|||| |||||3l.3 21|31.320| |Trade creditors||||256,231|337,107| |Social security|end other mxcs|||14,381|39,306| |VAT|||||3,243| |Other creditors||||565,073|420,138| |Accruals
and deferred income||||10,481|13,379| |||||846,166|813,173| |MOVEMENT'|IN FUVDS||||| |||||Net|| |||||movemeni|At| ||||At 1.4.20
I|in funds
f|31.3,21| |Unrestricted
funds|||||| |General
fund|||5,622,000|(268,136)|5,353,864| |Dcfincd bcncfii pension
scheme|||(668,000)|146,000|(522,000)| |Designated
(Lifecycle) Fund||—Maintenance|3,569,653|(43,482)|3,526,171| |Designated
(Lifecycle) Fund||—Equipment|~1186,316|9,292|1,195,608| ||||9,709,969|(156,326)|9,553,643| |Restricted funds|||||| |Harlow Tous Football Club|||64,416|13|64,429| |TOTAL FUNDS|||9,774,385|~156,313)|9,618,072| ## ## ## ## |Net movement
in funds,|inclu|de|d
in th|e above|are ss follows:|||| |---|---|---|---|---|---|---|---|---| ||||||Incoming|Resources|Gaim and|Movement| ||||||iesourccs|expended|lasses|in funds| |||||||6||| |Unrestricted
funds||||||||| |General
fund|||||2,0011,275|(2,276,411)||(268,136)| |Detined benefit pension|scheme||||||146,000|146,000| |Designated
Ibifecycle)
Designated
(Lifecyctc)|I'und
I'und|- Maintenance
- Equipment|||12,757
9,292|(56,239)||(43,482)
9,292| ||||||2,030,324|(2,332,650)|146,000|(156,326)| |Restricted
funds||||||||| |Hei low Town Football|Club||||13|||13| |TOTAL FUIVDS|||||2,030,337|~2,332,650)|146,000|~156,313)| |Comparatives
for movement|||in funds|||||| |||||||Net|Transfers|| |||||||movemcni|between|At| ||||||At 1.4.19|in funds|funds|31.3.20| ||||||||E|| |Unrestricted
funds||||||||| |General fund|||||5,300,471|1110,696|(489,167)|5,622,000| |Defined benefit
pension
Designated
(Lifecycle)
Designated
(Lifecycle)|scheme
I'und -Maintenanoe
Fund - Equipment||||(478,000)
3,158,921
1,074,530|(190,000)
21,565
«ll 786|389,167
«100000|(668,000)
3,569,653
~II86,316| ||||||9,055,922|654,047||9,709,969| |Restricted
funds
Hailaw
Town Football|Club||||57,47l.|6,945||64,416| |TOTAL FUNDS|||||9,113,393|660,992||9,774,385| |Comparative
net moveinent||in|fundb|included|in the above are sk follows;|||| ||||||Incoming|Resources|Gains and|Movement| ||||||resources|expended
f|lasses|in funds| |Unrestricted
funds||||||||| |General fund|||||4,408,038|(3,597,342)||810,696| |Defi~ed benefit pension
Designated
(Lifccycle)
Designated
(Lifccycle)|scheme
Fund
—lvlamtenancc
Fund - Equipment||||21,565
Il,786||(190,000)|(190,000)
21,565
11,786| ||||||4,441,389|(3,597,342)|(190,000)|654,047| |Restricted funds||||||||| |Harlow Town Football|Club||||6,945|||6,945| |TOTAL FUIVDS|||||4,448,334|~3,597,342)|~190000)|660,992| ## ## ||||||Nct||Transfers|| |---|---|---|---|---|---|---|---|---| ||||||movemenl||between|At| ||||At
I 4.19||in funds||funrls|31.3 21| |Unresbicted
funds||||||||| |General
Fund|||5,300,471||542,560||(489,167)|5,353,864| |Defined benefit pensian|scheme||(478,000)||(44,000)|||(522,000)| |Designated
(Lifecycle) Fund||- Maintenance|3,158,921||(21,917)||389,167|3,52(),171| |Designated
(Lifecycle) Fund||—Equipment|1,074,530||21.078||100,000|1,195,608| ||||9,055,922||497,721|||9,553,643| |Restricted funds||||||||| |Harlosv Town Faatball Club|||57,471||6,958|||64,429| |TOTAL FUNDS|||9,113,393||504,679|||9618072| |A current year 12 months|and|prior year 12 months|combined net movemcnt||in fund~,|included|in the above are as follnws;|| ||||Incoming||Resources||Gains and|Movement| ||||resources||expended||lasses|m funds| |Unrestricted
funds||||||||| |General
fund|||6,416,313|(5,873,753)||||542,560| |Defined benefit pension|scheme||||||(44,000)|(44,000)| |Designated
(Lifecycle) Fund||- lvlainienance|34,322||(56,239)|||(21,917)| |Designated
(Lifecycle) I'und||- Equipmcnt|21,078|||||21,078| ||||6,471,713|(5,929,992)|||(44,000)|497,721| |Restricted
funds||||||||| |Hei losv Town Football Club|||6,958|||||(i,958| |TOTAL FUVDS|||6,478,671|~5,929,992)||~44000)||504,679| ## ## ## ## ## ## |EMPLOYEE|BENEFIT Ogi.IOAT IOVS -|continued|||| |---|---|---|---|---|---| |||2021||2020|| |||6000's||8000's|| |Reconciliation|offair value scheme||||| |A~~et~ at start|ofpened||4,754||5,040| |Interest in assets|||111||118| |Oetum on assets less mterest|||1,245||(376)| |Other actun ial gains((losses)|||||39| |Administration|expenses||(3)||(2)| |Contnbutiom|by einployer||86||81| |Contributions|by I'und participants||17||'I 8| |Fstimated
benefits paid|||(146)||('I64)| |Assets at end|ofperiod||6,064||4,754| |Assets at end|Assets at end|ofperiod|ofperiod||6,064|
4,7|
54| |---|---|---|---|---|---|---|---| |The actuanat||valuation can ied out by||Barnctt Waddmgham,|used the|tol lowing
mater|axumptions:| |||||2021||2020|| |||||%p.a.||%,p,a.|| |Financial|Assumptions||||||| |RPI Increases|||||335%|2.80%|| |CPI Increases|||||2.90%|1.95%|| |Salary Increases|||||3.90%|2 95%|| |Pension Increases|||||2.90%|I 95%|| |Discount|Rate||||I 95%|2 35%|| |||||||2021|2020| |Life Assumptions|||-I,ife evpectancy|from age 65|||| |Retiring,|today||||||| ||||||Males|21.6|21.8| |||||I'emales||23.6|23.7| |Retinng|in 20 years||||||| ||||||Males|229|23.2| |||||females||25.1|25.2| ##