2021-03-31-accounts - Valley Leisure Limited

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			Unrestricted	Restricted	Total Funds
			funds	funds	2020
		Note			2
INCOIIIIE FROM
Charitable activities:
Recreational activities			572,207	17,534	589,741
Investment income			2,512		2,512
Total income			574,719	17,534	592,253
EXPENDITURE ON
Expenditure on charitable	activities:
Recreational activities			804,779	18,467	823,246
Total expenditure			804,779	18,467	823,246
Net expenditure for the year		3	~230,030	~933	~230,993
Unrealised and realised net gains on
fixed asset investments			19,666		19,666
Net movement in funds			(210,394)	(933)	(211,327)
TOTAL FUNDS BROUGHT FORWARD			1,193,914		1,240,758
TOTAL FUNDS CARRIED FORWARD		16	983,520	45,911	1,029,431

					Notes	2021	2020
						2	2
Cash from operating	activities
Cash generated from	operations				19	(150,832)	(201,439)
Net cash provided in operating		activities				(150,832)	(201,439)
Cash flows from investing activities
Purchase of tangible	fixed assets					(5,034)	(25,851)
Proceeds on disposal	of other investments						150,000
Interest received						252	2,512
Proceeds on disposal	of fixed assets					350
Net cash used in investing activities						(4,432)	126,661
(Decrease)/increase	in cash and	cash equivalents		in
the reporting year						(155,264)	(74,778)
Cash and cash equivalents at the beginning			of year			548,987	623,765
Cash and cash equivalents at the end of year						393,723	548,987
Relating to:
Cash at bank and in hand						393,723	548,987
						393,723	548,987

				2021	2020
				2	2
Recreational activity:
Fitness					7,847
Children's	Activities			66	37,029
Grants and	donations			300,056	17,534
Catering				8,136	107,987
Wellbeing				5,694	97,362
Resales &	sundry income			2,381	3,816
Bowling				54,321	318,166
Total income from charitable activities				370,654	589,741
Grants received, included		in	the above, are as follows:
				2021	2020
				2	8
Restricted	Funds
Donations received towards			I Can Centre equipment	13,193	17,534
Simply Health (I Can Therapy			centre)	70,000
Unrestricted	Funds
HMRC Job	Retention Scheme			159,578
TVBC related grants				32,285
Gift in kind —premises costs				25,000
				300,056	17,534

upport co	sts comp	rise establishm	xpenses which can be analysed as	follows:
			2021	2020
			Recreational	Recreational
			activities	Activities
				2
Premises	and dilapidations		87,448	91,518
Marketing	and sales promotion		5,376	7,423
Equipment			78,463	85,211
Administration			51,895	91,104
Food and	drink		7,789	57,308
Finance costs and I Can 8Riverside		irrecoverable VAT Bowl refurbishment	16,063 25,460	22,346
Governance costs		(see page 24)	6,304	7,459
			278,798	363,294

overnance costs include those incurred in the governance ssociated with constitutional and statutory requirements.	overnance costs include those incurred in the governance ssociated with constitutional and statutory requirements.	overnance costs include those incurred in the governance ssociated with constitutional and statutory requirements.	of the charity and its assets and	are primaril
Governance costs consist of the following:			2021	2020
			2	E
Legal and Auditors'	professional remuneration	fees	2,004 4,300	3,684 3,775
			6,304	7,459

his is stated after charging:
	2021	2020
		E
Depreciation —owned assets Staff pension contributions Operating leases Auditors' remuneration	68,618 9,720 4,896 4,300	68,543 7,055 6,421 3,775

he remuner	ation	of key manage	ment	personnel,	the Senior Managem	ent Team, is as follows:
						2021	2020
						F	E
Aggregate	payroll	remuneration	and	consultancy	fees	148,599	215,597

STAFF COS	TS
						2021	2020
						8	2
Wages and	salaries					327,815	422,822
Social security costs						20,206	30,075
Pension costs and		current service costs				9,720	7,055
						357,741	459,952
The average	monthly		number	of employees	during the year was as follows:
						2021	2020
						No.	No.
Senior management							5
Other management							5
Centre assistants		(including		creche)			10
Catering							7
Technicians							2
Administration							1
						23	30

10 TANGIBLE FIXEDASSETS
	Plant and
	Machinery
	2
Cost
At 1 April 2020 Additions Disposals	379,029 5,034 ~7,736
At 31 March 2021	382,933
Depreciation
At 1 April 2020	252,130
Charge for the year Disposals	68,618 ~676
At 31 March 2021	320,070
Net book value
At 31 March 2021	62,863
At 31 March 2020	126,899

				Subsidiary		Listed
				undertakings		investments	Total
					2		2
Market Value		of
Investments		as at 1 Apdl 2020				352,334	352,335
Unrealised	gains I(losses)					71,440	71,440
Total fixed asset investment March 2021			as at 31			423,774	423,775

Analysis	2021	2020
	2	6
Equities	423,774	352,334
Listed investments	423,774	352,334

NALYS	IS OF NET ASSETS BETWEEN FUNDS
		Unrestricted	Restricted	2021
		funds	funds	Total
			2	2
Fixed assets		46,049	16,814	62,863
Investments		423,775		423,775
Current	assets	355,819	60,813	416,632
Current	liabilities	(68,032)		(68,032)
		757,611	77,627	835,238
NALYSI	S OF NET ASSETS BETWEEN FUNDS
		Unrestricted	Restricted	2020
		funds	funds	Total
		2		8
Fixed assets		91,618	35,281	126,899
Investments		352,335		352,335
Current	assets	571,567	10,630	582,197
Current	liabilities	(32,000)		(32,000)
		983,520	45,911	1,029,431

et movement	in funds, in	cluded in the abo	ve, are as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	(losses)	in funds
Unrestricted	funds			6	6	6
General fund			287,713	(585,062)	71,440	(225,909)
			287,713	(585,062)	71,440	(225,909)
Restricted funds I-Can therapy equipment		fund	83,193	(51,477)		31,716
Total			370,906	(636,539)	71,440	(194,193)