2022-03-31-accounts - Harlow And District Sports Trust

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						31.3.22	31.3.21
				Designated
			I/nrestiicted	(L(fecycie)	Restricted	Total	Iotal
			funds	funds	fun eh	funds	funds
		Notes		f.	f
INCOME AND ENTsOWMENTS
FROM
External Conmbutions					5,788	5,788	12
Charitable nctnities
Leisure Activities			4,628,051			4 628,051	2,002,977
Investinent income			713	15803		6 16
			4,628,764	15,803	56788	4,650,355	2,030,337
EXPENDITURE	OIV
Charitable activities		5
Leisure Activities			4,019,459	536835		4.073,294	2,332.650
NET DVCOME/(EXPFVDITLRE)			609305	(38,032)	5,788	577,0(il	(302,313)
Transfers hetvveen	funds			295 000
Other recognised	gains/(losses)
Actuarial gains im schemes	detined bcnetit		688,000			688,000	146,000
Vet movemcnt tn	funds		1,002.305	256,968	5,788	1.2656061	(156,313)
RECONCII.IATIOV OF FUNDS
Total funds brought fornard			4,831,864	4,7216779	64,429	9,618,072	9,774.385
TOTAL FUNDS	CARRIED
FOR%YARD			5,834,169	4,978,747	70.217	10,8836133	9,618,072

BALAN'CE SHKKT 31 YIareh 2022
					31.3,22	31.3.21
			Designated
		Untestricteut	(Lifecycle)	Restt tcted	Total	'I otal
		(buds	funds	funds	funds	(buds
	Nntcs		f.			8
I DtED ASSETS
Tangible assets		4,345,592			4,345,592	4,345592
CVRREN f ASSETS
Stocks	12	1,084			1,084	1,054
Debtors	13	80,489			80,489	159,924
Cash at bank and in hand		2,499,588	4985,874	70217	7,555,679	6479,668
		2,581,16[	4,985,874	70,217	7,637,252	6,640,646
CREDITORS
Atnounts falling due within one year	14	(1,258,584)	(7,127)		(1,265,711)	(846 166)
NET CURRENT ASSETS		1.322,577	4,978,747	70,21'7		»94.~
TOTAL ASSETSI.FS9
CURRKisT LIABII.ITIEli		5,668,169	4,978,747	70,217	10,717,133	10,140072
PENSION ASSET/(LIABILITY)	16	166,000			166000	(522.000)
NET ASSETS		5,834,169	4,978,747	70,217	10,883,133	9,618,072
Fl.NDS	15
Unrestricterl I'unde					10,812,916	9,553,643
Restricted I'unde					70,217	64,429
TOTAL FUNDS					10,883,133	9,6 i8,072

for the TcarKnded 31 Ma	rch	2022
						31.3.22	313.21
					Notm	f
Cash flows from operating	activities
Cash generated from opersi	ions					1,059,495	(399,608)
Net cash provided byf(used	in)	operating	adivities			1,059495	~399.(AIE)
Cash Rows from investing activities Purchase oftangible Gxed assets Iolereslreccived						16,516	(7,(i00) 27.348
Nei cash provided by inv us nag		actin tice				l6516	19,748
Change in cash and cash equivalents reporting period			in the			1,076,011	(379,860)
Cash and cash equivalents	at	the beginning		of
the reporting period						6,479,668	6,859,528
Cash and cash equivalents reportiag period	at	the end	ofthe			7,555,679	6479,668

						31.3.22	313.21
						f
(Vct income/(expenditure) Financial Activities)		for the reporting		period (as per the	Stateinent of	577,061	(302,313)
Adjustments for: Interest received						(16,516)	(27.348)
increase in stocks						(30)	(2281
Decrease/(increase)	ui debtors					79,435	(102,712)
Increase iu creditors						419,545	32,993
Nct cash provided	by/(used		in) operations			1,059495	~399,608 i
ANALYSIS OF CHAVGES			LV VET FUVDS
					At 1.4.21	Cat)i flow f	At 31.3.22
Net cash
Cash at bank and in	hend				6,479,668	1,076.011	7,555,679
					6,479,668	1,076,011	7.555,679
Total					6,479,668	1,076,011	7,555,679

	INCOME I'ROS	I CH	AR	ITAB	LE ACTI	VITIFS
								31.3 22	31ih21
	Income fiom Activitie~				Activity leisure	Activities		3,964,233	f 992,674
	General In crane				Leisure	Activities		100,413	13,318
	(iran tv Rcital income front tenants				leisure Icisure	Activities Adivities		38,180 455,527	609,203 350,305
	Smdio, Service diarge		dt misc		Leisure	Activities		69.698	37,527
								4,628,051	2,002,977
	(irsnts received,	included		in tlic	shove. me	as follosvs:		31.3.22	31.321
	Purluugh grant recciveil							38,180	609,203
5.	CHARITABLE	ACTIVTTIES			COSTS
								Support
							Direct	costs (scc
							Costs	note 6)	Totals
								f,	f.
	Leisure Activities						1,127571	2,945.723	4,073,294
6.	SLIPPORT COSTS
								Cimemance
							Van agement	costs	Totals
								f.	f.
	Leisure Activities						2,917,685	28,038	2,945,723
7.	NKT INCOME/(EXPENDITT				RE)
	Net mcome/(expenditure)			is ~t~ted alter chatgtngr(crediting):
								31.3.22	31.3.2 I
								f	f,
	Auditors' rcmune	atiou						9,23I	9,209

STAFF CO!iTS
								31.3.22		31.321
										f.
Wages and salaries Social security crete Other pension costs								1,460,941 76,063 108,303		1,272,455 57,476 99,856
								1,645,307		1,429,787
The average monthly	number		ot'employees	during th«year'	was	as folloivs:
								31.3.22		31.3.2 I
Management and adm in istr Maintenance and grounds Customer semice and other		ation staff						i0 2 34		10 2 34
								46		46
The number ofemplnyees		lvhose employee		benetits (excluding		employer	pension casts) exceeded L60000		ivam
								31.3.22		31.3.21
f80,001 - f90,000
f90,001 - 6100.000
COMPARATLFES	FOR	THE STATESIENT OF FINANCIAL. ACTIVITIES
							Designated
							(I.ifecycie)	Rrntricted		Total
							1'unlb	funds		funds
							f.	f
INCOME AVD ENDOPFMFNTS FROM
External Ccntributioos									12
Charitahl» activities
Leisure Acuvities					2,002,977					2002.977
lnvestmcnt income						5.298	22,049			27.348
Total					2,008275		22,049		13	2,030,337
EXPENDITL)RE ON
Charitable activities I.risure Activities					2,276,411		56,239			2 132./i50
VET INCOME/(EX	PEND	IT()RE)			(268,136)		(34,190)		13	(302,313)
Other recognised gams/(losses) Actuarial gains on delined bene!it schemes						146,000				146,000
Net movement in funds					(122.136)		(34,190)			(156,313)
DECO.1CILIATIOV OF			FllNDS
Total funds brought	forward				4.954.000		4,755,969	64,416		9,774,385
				Pag»	14

10.	CO	MPARA1 IVES FOR TILESTA1EMENT OI' Ftft AN CLAL ACTIVITIES - continued	MPARA1 IVES FOR TILESTA1EMENT OI' Ftft AN CLAL ACTIVITIES - continued	MPARA1 IVES FOR TILESTA1EMENT OI' Ftft AN CLAL ACTIVITIES - continued
				Designated
			tinrestricted	(Lifecycle)	Rcstr icted	Total
			funds	ftmds	funds	funds
					f.
	TOTAL I LNDS CARRIED FORtVARD		4,831,864	4,721,779	64,429	9.618,()72
11.	TANGIBLE FIXEDASSETS
						I ong
						lcaschold
	COST
	At	I April 2021 and 3 I March 2022				4,345,592
	stE1 BOOK VALLE
	Al	31March 2022				4 345 592
	At	31 Marclr 2021				4,345,592

Initial valuation	Initial valuation	2,500,000
Car park		1,045,920
Trampoline	park	799,672
I'o(al cost		4,345,392

STOCKS
	31.3 22	31.3.21
	8	8
Mis re 8an eon s	I,tt 84	1,054

								31.3 22	31«L21
									f
Tmdc debtors								16,421	28441
Other debtors								62,379	131,555
VAT								1,689	12!I
								80,489	159,924
CRFDITORSi AMOUNTS			FALLING DIIE WITHIN		ONE YEAR			31.3.22	3132(
								f.
Trade creditors								754,858	256,231
Social security and other taxes Other creditors								21,224 477,756	14,381 565,073
Accruais and detbned	incoinc							11,873	10,481
								I 265 711	846,166
MOYKSSENT IN FENDS
							Net	Transfers
							movement	bctwinti	At
					At	1.4.21	in funds	funds	31.3.22
								f
Uninstricted funds
General fund					5,353,864		609005	(295,000)	5,668.169
Defined bcnclit pension Designated (I.ifecycle) Designated (Lifecycle)		scheme Fund —ivlaintensnce Fund - Equipment			(522,000) 3,J26, 171 1,195,608		688,000 (46,319) 8,287	295,000	166,000 3.479.852 1,498,895
					9,553,643		1,259,273		10,812,916
Restricted funds
llarluw Town Football		Club				64,429	5,788		70.217
Tf)1AL FUNTIS					9,618,072		),265,06(		10,883,133
Net movement in funds. included				in the above are m (allows:
					Iil	corti iti g	Resources	(iaals sitd	Movement
					msaitrces f		expendi«f	losses f.	in fundsf
ttnrestricted funds
General fund					4,628,764		(4,019,459)		609305
D«fined benefit pension Designated (Lifecycle) Designated (Lil'ecycle)		schernc Fund ~ Maintenance lund —Equipment				7.516 8,287	(53 835)	688,000	688,000 (46,319) 8,287
					4,644.567		(4,073y94)	688,000	1,259.273
Restricted funds
Hsrlotv Town Football		Club				5.788			5,788
TOTAL F'I;NDS					4,650,355		(4,073,294)	688,000	1,265,061

						Nct
						rnoventent	At
					At 1.4.20	in funds	31 3.21
						f
unrestricted funds
General fund					5,622,000	(268,13G)	5,353,864
De(iced benctit pension	scheme				(668,000)	146,000	(522,000)
Designated (Lifecyclc) Designated (Ltfecy cle)	Fund Fund	- Maintenance - F9uipmen(			3,569,653 1,186,316	(43,482) 9,292	3,52G,I71 1.195,608
					9,709,969	(156.326)	9,553,643
Restricted funds
Hmlow Town Football	Club				64.416	13	64,429
TOTAL 8(IN3)S					~9,774 385	~156,313)	9.618.072
Cotnpara live net movement		in funds, included	in the	above arc as folloses:
				Incoming	Resources	Garne and	Movement
				resources	expended	losses	m funds
L'n restricted funds
(reneral fund				2,008,275	(2,276,411)		(268.136)
Defined benelit pension	scheme					146,000	146,000
Designated (I.ifecycle) Designated (Litecycle)	Fend -Maintenance Fund- Equtpmcnt			12,757 9.292	(56739)		(43,482) 9.292
				2,030,324	(p,332,650)	146,000	(156.326)
Restricted funds
Harlow Toxvn iootball	Club			13			13
TOTAL FENDS				7,030.337	(2.332,650)	146,000	(156.313)
A cun'ent year 12 months snd prior year 12 months				combined position is as	follows.
					Net	Transtbrs
					m eve ment.	bee,veen	At
				At 1.4.20	in funds	funds	3l3.22
					f		f.
Unrestricted funds
General fund				5,622,000	341,169	(295,000)	5,668, IG9
Detined benelit pension Designated (Lifecycle) Designated (Lifecycle)	scheme Fund - Maintenance I und - Equipment			(668,000) 3569 653 1,186,316	834,000 (89.801) 17579	295,000	166,000 3,479,852 1,498,895
				9,709,969	1,102,947		10,812,916
Restricted funds
Her lou' Ton n Football	Club			64416	5,801		70,217
TOTAL I'LNDS				9,774,385	1,108,748		10,883,133

Asset. snd liability reconciliation;			2022	2021
			fOlio's	6000's
Reconciliation ofdefined benefi( ohligahon
Liabilities at s(at(ofperiod			6,586	5,422
Cuncnt service cost			105	76
In(crest cos(			127	(26
Change in financial assumptions			(240)	1,219
Change in demographic assumptions Experience loss/(gain) on defined benefit obligation Esfirnated benefits paid ne( oftransfers in			9 (175)	(62) (66) ((46)
Past service cost, including, curtailments
Contributions by Scheme parhcipants l,iabiliticl at end ofperiod		and ethos eniploycrs	18 6,430	17 6,586
			2022	2021
			6000's	6000's
Reconciliation offair value scheme
Opening fair value nf Fund assets			6,064	4,754
Intemsi in assets			118	1 I I
Re(um on assccs less interest			485	1.245
Other actuarial gains/(losses)
Admin is tratinn expen ses			(3)	(3)
Contnbu hone by employer including Contnhutions by Scheme participants Et(busted bene(its pmd plus unfunded	unfunded and other employers nel oftransfers in		89 18 (175)	86 17 (146)
Closing Fair value of Fund assets			6,596	6,064

The acm	arisl valuati	on cerned out by Barnett th'adding	hatu, used the fo	llov ing major ass	umptio	ns:
			2022	2021
			4/vp.a.	%.p.a.
Financial Assumptions
R PI Incress m			3.75%	3 350/
CPI Inueasm			3.30%	2 90%
Salary Increases Pension Increases			tk35% 3 350/	390% 2.90%
Discount	Rate		2.60%	1.95%
				2022	2021
l,ife Assumptions		-l,ife expectancy from age 65
Retiring	today		Males	21.6		21.6
			I'emales	23.7		23.6
Retiring	in 20years
			Mdes	23 0		22.9
			Females	25.1		25.1