| Pages | ||
|---|---|---|
| Report ofthe Trustees | 1-11 | |
| Auditors' report |
12-14 | |
| Statement offinancial | activities | 15-16 |
| Balance sheet | 17 | |
| Cash flow statement | 18 | |
| Notes to the financial | statements | 19-31 |
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| funds | funds | 2022 | |||
| Note | |||||
| INCOME FROM | |||||
| Charitable activities: |
|||||
| Recreational activities |
499,141 | 26,465 | 525,606 | ||
| Investment income |
887 | 887 | |||
| Total income | 500,028 | 26,465 | 526,493 | ||
| EXPENDITURE ON | |||||
| Expenditure on charitable |
activities: | ||||
| Recreational activities |
581 982 | 37960 | 619,942 | ||
| Total expenditure | 581,982 | 37,960 | 619,942 | ||
| Net (expenditure)/income | for year | 81,954 | 11,495 | 93,449 | |
| Unrealised and realised net gains on |
|||||
| fixed asset investments | 26,000 | 26,000 | |||
| Net movement ln funds |
(55,954) | (11,495) | (67,449) | ||
| TOTAL FUNDS BROUGHT FORWARD | 16 | 757,611 | 77627 | 835 238 | |
| TOTAL FUNDS CARRIED FORWARD | 16 | 701,657 | 66,132 | 767,789 |
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| funds | funds | 2021 | |||
| Note | |||||
| INCOME FROM | |||||
| Charitable activities: |
|||||
| Recreational activities |
287,461 | 83,193 | 370,654 | ||
| Investment income |
252 | 252 | |||
| Total income | 287,713 | 83,193 | 370,906 | ||
| EXPENDITURE ON | |||||
| Expenditure on charitable |
activities: | ||||
| Recreational activities |
585,062 | 51 477 | 636,539 | ||
| Total expenditure | 585,062 | 51,477 | 636,539 | ||
| Net (expenditure)flncome | for year | 6 | 297,349 | 31 716 | 265,633 |
| Unrealised and realised net gains on |
|||||
| fixed asset investments | 71,440 | 71,440 | |||
| Net movement in funds |
(225,909) | 31,716 | (194,193) | ||
| TOTAL FUNDS BROUGHT FORWARD |
16 | 983,520 | 45,911 | 1,029,431 | |
| TOTAL FUNDS CARRIED FORWARD |
16 | 757,611 | 77,627 | 835,238 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | K | |||
| FIXEDASSETS | ||||
| Tangible assets | 10 | 194,645 | 62,863 | |
| Investments | 11 | 449,775 | 423,775 | |
| 644,420 | 486,638 | |||
| CURRENT ASSETS | ||||
| Stocks | 8,061 | 2,168 | ||
| Debtors amounts falling |
due within one year | 12 | 27,570 | 20,741 |
| Cash at bank | 175,744 | 393,723 | ||
| 211,375 | 416,632 | |||
| LIABILITIES | ||||
| CREDITORS: Amounts | falling due within one year | 13 | (88,006) | (68,032) |
| NET CURRENT ASSETS | 123,370 | 348,600 | ||
| TOTAL ASSETSLESS | CURRENT LIABILITIES | 15 | 767,789 | 835,238 |
| THE FUNDS OF THE CHARITY | ||||
| Unrestricted income funds |
16 | 701,657 | 757,611 | |
| Restricted income funds |
16 | 66,132 | 77,627 | |
| TOTAL CHARITY FUNDS | 16 | 767,789 | 835,238 |
| Notes | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| R | R | |||||
| Cash from operating activities |
||||||
| Cash generated from operations |
(40,543) | (150,832) | ||||
| Net cash provided in operating |
activities | (40,543) | (150,832) | |||
| Cash flows from investing activities |
||||||
| Purchase oftangible fixed assets |
(178,323) | (5,034) | ||||
| Proceeds on disposal ofother investments | ||||||
| Interest received | 887 | 252 | ||||
| Proceeds on disposal offixed assets | 350 | |||||
| Net cash used in investing activities |
(177,436) | (4,432) | ||||
| (Decrease)/increase in cash and |
cash equivalents | in | ||||
| the reporting year |
(217,979) | (155,264) | ||||
| Cash and cash equivalents at the beginning |
ofyear | 393,723 | 548,987 | |||
| Cash and cash equivalents at the end ofyear |
175,744 | 393,723 | ||||
| Relating to: | ||||||
| Cash at bank and in hand | 175,744 | 393,723 | ||||
| 175,744 | 393,723 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f. | ||||
| Recreational | activity: | |||
| Fitness | 2,567 | |||
| Children's Activities |
1,224 | 66 | ||
| Grants and donations | 69,776 | 300,056 | ||
| Catering | 57,120 | 8,136 | ||
| Wellbeing | 62,447 | 5,694 | ||
| Resales 8 sundry income |
10,037 | 2,381 | ||
| Bowling | 322,435 | 54,321 | ||
| Total income | from charitable activities | 525,606 | 370,654 | |
| Grants received, included |
in the above, are as follows: | |||
| 2022 | 2021 | |||
| Restricted Funds | ||||
| Donations received towards I Can Centre equipment |
1,465 | 13,193 | ||
| Simply Health | (I Can Therapy centre) | 70,000 | ||
| TVBC related | grants | 25,000 | ||
| Unrestricted | Funds | |||
| HMRC Job Retention Scheme | 13,061 | 159,578 | ||
| TVBCrelated | grants | 24,000 | 32,285 | |
| Gift in kind —premises costs | 6250 | 25,000 | ||
| 69,776 | 300,056 | |||
| Explanation of |
grants are on note 16. | |||
| INVESTMENT | INCOME | |||
| 2022 | 2021 | |||
| R | ||||
| Bank interest | receivable | 887 | 252 |
| Direct staff | Support costs | 2022 | ||
|---|---|---|---|---|
| costs | (see note 5) | Totals | ||
| R | ||||
| R | ||||
| Recreational | activities | 336,669 | 283,273 | 619,942 |
| Direct staff | Support costs | 2021 | ||
| costs | (see note 5) | Totals | ||
| R | ||||
| R | ||||
| Recreational | activities | 357,741 | 278,798 | 636,539 |
| ANALYSIS OF SUPPORT COSTS | ||||
| Establishment | Establishment | |||
| and | and | |||
| administration | administration | |||
| 2022 | 2021 | |||
| R | ||||
| Recreational | activities | 283,273 | 278,798 |
| upport co | sts comp | rise establishm | ent and administration e |
xpenses which can be analysed as f | ollows: |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Recreational | Recreational | ||||
| activitiesf | Activities R |
||||
| Premises | and dilapidations | 101,309 | 87,448 | ||
| Marketing | and sales promotion | 12,756 | 5,376 | ||
| Equipment | 58,162 | 78,463 | |||
| Administration | 76,021 | 51,895 | |||
| Food and | drink | 23,197 | 7,789 | ||
| Finance costs and | irrecoverable | VAT | 4,430 | 16,063 | |
| I Can &Riverside | Bowl refurbishment | 2,065 | 25,460 | ||
| Governance costs |
(see page 24) | 5,333 | 6,304 | ||
| 283,273 | 278,798 |
| 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 ofthe following: |
2022 | 2021 | |
| E | E | ||
| Legal and professional | fees | 908 | 2,004 |
| Auditors' remuneration |
4,425 | 4,300 | |
| 5,333 | 6,304 | ||
| ET (EXPENDITURE) / INCOME FOR YEAR | |||
| his is stated after charging: | |||
| 2022 | 2021 | ||
| E | E | ||
| Depreciation —owned | assets | 46,541 | 68,618 |
| Staff pension contributions |
8,885 | 9,720 | |
| Operating leases |
5,567 | 4,896 | |
| Auditors' remuneration |
4,425 | 4,300 |
| he remuner | ation |
of key manage |
ment | personnel, | the Senior Managem | ent Team, is as follows: |
|
|---|---|---|---|---|---|---|---|
| 2022f | 2021 E |
||||||
| Aggregate | payroll | remuneration | and | consultancy | fees | 91,596 | 132,522 |
| TAFF COSTS | ||||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| R | ||||||
| Wages and salaries | 307,040 | 327,815 | ||||
| Social security costs | 20,744 | 20,206 | ||||
| Pension costs and | current service costs | 8,885 | 9,720 | |||
| 336,669 | 357,741 | |||||
| he average monthly |
number | ofemployees | during the year was as follows: | |||
| 2022 | 2021 | |||||
| No. | No. | |||||
| Senior management | ||||||
| Other management | ||||||
| Centre assistants | (including | creche) | ||||
| Catering | ||||||
| Technicians | ||||||
| Administration | ||||||
| 22 | 23 |
| ANGIBLE FIXEDASSETS | |
|---|---|
| Plant and | |
| Machinery | |
| Cost | |
| At 1 April 2021 | 382,933 |
| Additions | 178,323 |
| Disposals | 49000 |
| At 31 March 2022 | 512,256 |
| Depreciation | |
| At 1 April 2021 | 320,070 |
| Charge for the year | 46,541 |
| Disposals | 49,000 |
| At 31 March 2022 | 317,611 |
| Net book value | |
| At 31 March 2022 | 194,645 |
| At 31 March 2021 | 62,863 |
| Subsidiary | Listed | ||||
|---|---|---|---|---|---|
| undertakings | investments | Total | |||
| R | |||||
| Market Value | of | ||||
| Investments | as at 1 April 2021 | 423,774 | 423,775 | ||
| Unrealised gains! (losses) | 26,000 | 26,000 | |||
| Total fixed asset investment March 2022 |
as at 31 | 449,774 | 449,775 |
| advantage ofthe exemption provided by Section 405ofthe |
Companies Act2006 not to prepare gro |
up accounts. |
|---|---|---|
| 2022 | 2021 | |
| Valley Health and Leisure Limited | K | |
| Aggregate capital and reserves |
||
| Profit for the Year |
| Listed | investments | |||
|---|---|---|---|---|
| Analysis | of investment | by type: | 2022 | 2021 |
| R | ||||
| Equities | 449,744 | 423,774 | ||
| Listed investments | 449,744 | 423,774 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| R | ||||
| CF Ruffer Absolute | Return | 449,744 | 423,774 | |
| BTORS AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||
| K | R | |||
| Trade debtors | 1,030 | |||
| Prepayments | and accrued income | 26,540 | 17,444 | |
| VAT | 3,297 | |||
| 27,570 | 20,741 |
| EDITORS: AMOUNTS FALLING DUE WITHIN ONE Y | EAR | |
|---|---|---|
| 2022 | 2021 | |
| K | ||
| Trade creditors | 22,726 | 35,438 |
| VAT | 414 | |
| PAYE and social security | 6,049 | 4,257 |
| Other creditors | 728 | 2,057 |
| Accruals | 58,089 | 26,280 |
| 88,006 | 68,032 |
| NALYS | IS OF NET ASSETS BETWEEN FUNDS | |||
|---|---|---|---|---|
| Unrestricted | Restricted | 2022 | ||
| funds | funds | Total | ||
| R | ||||
| Fixed assets | 161,920 | 32,725 | 194,645 | |
| Investments | 449,775 | 449,775 | ||
| Current | assets | 177,968 | 33,407 | 211,375 |
| Current | liabilities | (88,006) | (88,006) | |
| 701,657 | 66,132 | 767,789 | ||
| NALYSI | S OF NET ASSETS BETWEEN FUNDS | |||
| Unrestricted | Restricted | 2021 | ||
| funds | funds | Total | ||
| R | R | |||
| 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 |
| OVEMENT IN FU |
NDS | |||||
|---|---|---|---|---|---|---|
| At 1 April | Net movement | Transfers | At 31 March | |||
| 2021 | in funds | between funds | 2022 | |||
| Unrestricted funds |
K | R | ||||
| General fund | 422,611 | (55,954) | 60,000 | 426,657 | ||
| Designated reserve |
335,000 | (60,000) | 275,000 | |||
| Total unrestricted | funds | 757,611 | (55,954) | 701,657 | ||
| Restricted funds | ||||||
| I-Can therapy equipment |
fund | 77,627 | (35,245) | 42,382 | ||
| Community Asset |
fund | 23,750 | 23,750 | |||
| Total restricted funds |
77,627 | (11,495) | 66,132 | |||
| TOTAL FUNDS | 835,238 | (67,449) | 767,789 |
| t movement in fu |
nds, in |
cluded in the abo |
ve, are as follows: | |||
|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | (losses) | in funds | |||
| Unrestricted funds |
R | R | R | R | ||
| General fund |
500,028 | (581,982) | 26,000 | (55,954) | ||
| Total unrestricted | funds | 500,028 | (581,982) | 26,000 | (55,954) | |
| Restricted funds | ||||||
| I-Can therapy equipment |
fund | 565 | (35,810) | (35,245) | ||
| Community Asset |
fund | 25,000 | (1,250) | 23,750 | ||
| HCC Steady &Strong | 400 | (400) | ||||
| Andover BID |
500 | (500) | ||||
| Total restricted funds | 26,465 | (37,960) | (11,495) | |||
| Total | 526,493 | (619,942) | 26,000 | (67,449) |
| CASH GENERATED FROM | OPERATIONS | ||
|---|---|---|---|
| 2022 | 2021f | ||
| Net expenditure for the year |
(67,449) | (194,193) | |
| Adjustments for: |
|||
| Investment income |
(887) | (252) | |
| Depreciation and impairment |
of | ||
| tangible fixed assets | 46,541 | 68,618 | |
| Loss on disposal offixed assets | 102 | ||
| (Gain)/loss on fixed asset |
|||
| investments | (26,000) | (71,440) | |
| Movements in working capital: |
(47,795) | (197,165) | |
| (Increase)/decrease in stock |
(5,893) | 4189 | |
| (Increase)/decrease in trade |
and | ||
| other debtors | (6,829) | 6,112 | |
| Increase/(decrease) in trade |
and | ||
| other creditors | 19,974 | 36,032 | |
| Cash generated from operations |
(40,543) | (150,832) |