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|||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|
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||||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|
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||||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|
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||||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|
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|||||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|
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||||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|
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|||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|
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|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|
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|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|
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|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|
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|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|
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||||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|||
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|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|
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|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|
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|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|
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|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)|
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|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)|