Charity number: 106373110 COLCHESTER GATEWAY CLUBS UNAUDrrED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022
COLCHESTER GATEWAY CLLIBS CONTENTS Page Reference and admlnislrallve det811$ of Ihe charfty. Its Trustees and advlsers TNsteos' report Independent examlnefs report Statement ol flnanclal actlvltle8 Balanco $hè•t 10 Notes to Ihe Ilnanclal 8tatem•nts
REFERENCE AND ADIAMsfRATIVE DEfAILS OF THE CHARITY, ITS TRusfEES AND ADVISERS Tfu8leg0 V Sthn. Ch•r S Cadoaan, Traawrer A (resy1 1 S Hll. Secrelary L WarlaThJ J Southgats number 11KgT31A) Prlnclwl offlco Wllson Mariiage ctrO C012LR Senlor m•nagofflt A Hudsffi. Charity Manar 4&5TrC9dws Apox 12 C07 7fJR Bankern WC1B SHA Page I
TRUSTEES. REPORT FOR THE YEAR BKIEO 31 MAY 21122 to 31 May 2021 The financial stslements have been pY8pared In accord with lh8 accounling policaes set oul in notsÉ io the accounts and comply Ylth the cjwds &vning thMent. the Charffj8s Act 2011 and Accountii¥J Reporting by Where Compla ilh legslation or Sland is onStent the requirement to give a true aml lalr ¥A8w, thls Is slat&J In the notes tt) the acc(xNts aThl the Twsta8S L7)FK4LKJe Iliat tho IlnanGlal siatements a truo a1 lak th. FederaOn of Gateway Club& The trusl a reistered charty on 31st July 1997. The Charity 13 estat18hed lo enable peoF4è with leainiw disabilttles lo access leisure arKI sodal &tlvttl88 In the These obiKts are sl4¥ by wttrae feos. and a¢lMllas, trjolher wFth Income from publghed by the Cl ComrnBsTh fe181K¥J to bfft, Ihe gukIw PiC teneftr. running a charlty {PB2)'. Pagg 2
COLCHESTER GATEWAY CLUBS TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 MAY 2022 Achlovemgnts and perforniance a. Review of actlvltlès I begln Ihl8 year's r8port by saying that the pandemic has continued to Impact our dally lives and Ilke so many local charities, the last year has continued lo be a Ghallenge and w8 have had lo conslanlly adapt our s&rvice8 and what we can offer our Learning Disablllly communty. When Testricllons were linalty Ilfted this year (20221 as a charlty, we felt ¢onlhJent that we could continue lo provlde Social clubs lor adutts withlearning disabilities in North East Essgx. Du8 to not being able lo acc988 the building wh8r& we held our Friday club lor 25 y8ars. the decision was made not lo return. but to continue lo use the venues which have supported us by allong us lo us8 thair vènues, during the pandemic and to which our members have now become used lo. Therefore, we now hold social clubs on a Tuesday and Friday evening. Due lo the success ol initially running support groups during the day. which ohanged to a day lime lunch and social club when r6slriclions eased, w8 now oll&r our memb8r8 a weekly daytime lunch and social club 8Vgry Thursday. This Is provlng popular and att8ndanca is increasing weekly. 11 has bèen dlffiGull to ¢onllnue our monlttly music club in tho last ar bul due to a granL w8 now o118r a Ihrlvlng ukulele group. where our members ar8 learning 10 play the ukulele. 8ocSalis8 and18am a new sklll. Again, th18 club is held during the day, on a Thursday morning. The demand lor our Advo¢acy and Support seNce has conlinuod lo grow during lh8 last year, with an increase in referrals, which has meant we have had lo employ moro staff lo cope with the demand. The servlce has b88n ab19 to continue lo support adults with learning disabllillos and Ihoir lamili8s in North East Essgx and our easy referral system has made th8 process stress Irge lor families and professionals. Due to continued support received from Colchest6r Borough Council, Essex Communily Foundalion and Community 360 we are able lo continue this much ne6ded service. Many people lost loved ones during the pandemic arKI we have rec8ived donatlons and bequ&sls in m8moriam. whlch have been allocated lo various projgcls aThJ have h6lp8d lo continue the charlty's S8rvico8. The Colcheslor Calalysl charity have conlinu8d to supwrt our many families who need r8spile by continuing lo fund our rèspite grants scheme. As expected, dèmand ha8 incr&a8gd tor grants as wo have come out ol living urKier government restrictions. Our Gateway Award Schom• continued when restri¢lions allowed, but we ar6 now planning to uOate and redesiGn our award schem8 lo makè it more re18vanl lo our members, daily Iwes. Plans are being made and our new award scherne will b8 announced later this year. Sadly, we could nol have our annuai slay al Wikl Duck hol•Jay camp again, bul we have bookod caravans for September 2022. A118rnatively, due lo a grant lor Iho prolect 'This Girl Can, w8 were abla to tak8 a small group 10 East Mersga for four nights. This was successlul and enjoyable and rf possible, another slay TMII bo planned lor 2023. We have continued to lundraise and thanks to support from volunteers, we ratge lunds by h)Iding raffl&s, allernoon 18as, sw)nsored bike rides and walks. Page 3
COLCHESTER GATEWAY CLUBS TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2022 Achlevements and performance {continued) b. Fundrai8lng activitl8S and income generatlon We have continued lo fundraise and thanks to sUp)rt from voluntears, we raisg funds by holdlng raffles, allemoon toas, sponsored blke rldes ar walks. Durlng the last year we hav6 held face to faco tru8t8e meetings, wth the occasional meellng being h8ld on Zoom and our locus has been to continuo and adapt our setvices lor th8 locai Learnlng Disablllly cornmunity- Th8 lasl year has continued lo be a challenge and th8 trustees and staff have had lo manage linances,18arn new skllls, adapt, som&limes on a we8kly basis. keep up to dat8 with ever changing guid81in8s and Gonlinu8 lo provide quality services. I fegl l ¢an say wilh wnfidence Ihal thi8 has been achwed. Our focus for the next financial year is lo continue lo prowde quallly servlces lo peopl8 wilh18aming disabilities in the Colchesler and Tendring areas and adapt to Ihg chdl8ng8S that arise, as we g81 back slowly lo life post pandemic. We are also looking forward to c8lebratlng our Si8r annfvèrsary as a Charity. 25 years ago, on 1 sl ol June 1997, Ihe Thuisday Gateway Club bècame a r8gisler8d charity. Plans ai8 already being rnade to Celebralo this achiev6menl wllh our m8mb8rs and supp)rters past arKi wes8nl. Flnally, my thanks go lo all th8 funders who hav8 SUPPOrted the charity this year and lo the staff and volunleers for their hard work and dedication lo the club, and special Ihanks go to the Charity Manag8r, Admlnlslralor, Advocacy and Support Staff and th8 Trustees lor their lireless work. W8 would a180 Ilk8 to thank the followlng lor Ih8ir 8UPPOrt and donationg.. Colchosler Borough Council Essex Community Founiialion Easlarn Couniies Educational Trust SForl Englatxt National Lottery Community Fund Essex Allianc&lMIND c. Investment pollcy and performance Thè Tru8te88 a¢knOedge Ihg need to Consider maximising any polenlial for incom8 from r8s8rvès held by the charity, however they also acknowledge the requirement to ensure these fvnds ar8 Inv8sl8d in low risk opportunities. Flnanclal revlew . Golng concem Aller making appropriate enqJiries, th8 Trustees have a reasonable 8xpectation that the charily has adequate resources lo continug in operational 6Xl8tence for th6 lor8se9able lulure. For this reason, they contlnug lo adopt the going concern basis in pr8paring the financial slal8ments. Page 4
COLCHESTER GATEWAY CLUBS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 21 MAY 2022 b. Re88rves policy The attached linanclal 51alements show the current state of th6 finances which the comm1tt88 consKler lo be sound. The charity's poIY on resetves is lo mntaIn ad8qual8 lundlng lo enable the continuan¢8 of the ¢harlly lor a minimum of thr88 months. These Ire8 reserves are malntained on deposit. Details ol other r8s8rvgs aro shown in note 15 to the accounts. In addition lo the Contlngency lund, 3 monlhs of 8xp8Cted costs r•sults In mlnmum resèrvas ot around £40,000 lo meet the charllls reserves Folicy. The Irustses acknowlèdgè that raserves being carried lorward are high&r than iha reserves policy levels aimed lor. Grant lundlng recognised in the accounts includes incom8 racognised under the Chariiy SORP, but not actually received by the year end. Addilionalty. COVID lod(downs have limited a¢livilies and therefor&, the ability ol the charity to spend ILtnding on the charity's oty'eclives. As Ihg charity moves towards a more normal l&vo1 of activity and COVID re81rlcilon8 having eased, these carrled lorward reseN&s will be axpgnded. c. Flnan¢l•l r18k management oble¢tlveg and poll¢les The charliy Iruslees have glven conslderation lo the major risks to whkh Ihe charlty Is exposad and satlslled Ihemselvgs Ihal proceduros aro established in order 10 manage those risks. Th8 trustees review the risk8 Ihe ¢harlly may lace on a règular basi8. Tho establishment ol policies and proceduros ar8 designed lo miligale thos8 rlsks Identified aThJ lo minimise any polèniid impact on the chwily should any ol th8s8 risks materialise. Structure, govornonce and managomont a. Con8tltutlon The Iruslees form the managing committee, whose members are al18d and appointed on an annual basis, with th8 ollic8rs being 818cled from the memb9rship ol the managing committee. The Annual General Megting is held in OcloberlNovember 8aoh year. Co-opted truslees oan allend meglings bul have no vobng rights and there is no requirement to attond. b. Methods of appolntmenl or ele¢llon ol Twglees The management of the charity is th6 responsibilily of the Trustses who are 81ecled and co.opted under th8 terms ol the consiilulion. ¢. Organlsalional structuro and do¢l8ion4naklng poli¢108 All organisalional and decision making is made by the Iruslees at regular Irustee meetings. All declslons are made by majority vote and the administrator is consulied bgforehand. The members committee continues lo me81 once a month and actively takes part in declslon maklng. d. Related party rnlatlonshlps The charity is aff iliated io Royal Mencap and works in c#>operatsn with Stepping Stones and cOheSt0[ CVS amongst other bcdies. Page 5
COLCHESTER GATEWAY CLUBS TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2022 Structure, governance and managemenl {contlnuedl a. Flnanclal rlsk management The TTU8t8e8 have assessed the malor risks to whiGh the charity is exposed, in particular thos8 related lo th8 operaiions and finances ol the charity, and are salisfi8d that sysl8ms and procedures are In place lo mltlgate exposure to the malor rlsks. Plans for future pfrrlods Our focus lor the next linarrial year is lo continue to provide quality services lo people wfthloamlng rJlsab5111185 i tho ColGh8sler and T&ndring areas and adapt to the ¢halleng&s that ariso as we Got back slowly lo life po81 pandemic. Finally, my thanks go lo all the lunders who have supported the charlty this year and 10 the staff and volunt8gr8 for their hard work and dedi¢atlon lo th8 club, arKI special thanks oo to the Charity Managèr. Adminlstralor, Advocacy and Support staff and the Trustees for their tireless work. Page 6
COLCHESTER GATEWAY CLUBS TRUSTEES, REPORT (ColNuED) FOR THE YEAR ENDED 31 MAY 2022 Statoment ol Trustees, re$pon$lbllltle$ Th8 Trustees are responslble for preparing the Trustees, rew)rt and Ihe financlal slat8m8nts In accordance with appllcable law and Unlled Klngdom Accounllng Starxlards (Unlt8d Kingdom Gonerally Acc8pled Accounlirtg Praclicel- Thg law appllcable to charities In Enoland & Wales requlres the Trustees lo prepare financial statements lor gach flnancial which give a Inje and lalr view ol Ihe slate ol affairs ol the charity and of its incoming resources and application of resources, Includlng its Income and expgndtlure. lor that pgriod. In preparlng Ihgse flnancial stalèmenls, th8 Trustees are required lo.. seleot suitablo accounting policies and then appty them ¢onsist8nlly' observe tho methods and principles of the Chariti&s SORP IFRS 1021,, make judgment8 and accounting eslimates that arè rèasonable and prLent,. slate whether applicable UK Accounting Standards IFRS 1021 have b8en lollow8d, sublecl to any material departures disclos8d and explained in Ihe financial statements: prepare th& flnaneial slatèmenls on the going concem basi8 unl8SS it Is inappropriate lo presume that the charity will conllnue in busin8ss. The Trusl•es are r8sponsible for keepirKJ adequat8 accounting records that arè suffklgnl lo Show and gxplaln the charity's transactions and disclose wilh reasonable accuracy at any time Ihe linanclal position of Ihg charity and onable them lo ensure that Ihe financial s&item8nls comply with Ihe Charilies A¢1 2011, the Charity (Accounts and R8POrtsl Regulalions 2008 and the provisions of the conslilulion. They arg also responslble for sal&guarding the a8sels of Ihe charity and h8nc8 for taking reasonable steps lor the prov8ntlon and dotectlon ol Iraud and other Irregularities. Approved by order of the members ol the board of Tntstees and skJned on their behalf by.. V S¢rlvon Chair of Trusle8S Dat8: Page 7
COLCHESTER GATEWAY CLUBS INDEPENDETr EXAMINER'S REPORT FOR THE YEAR ENDED 31 MAY 2022 Indepandont examlner's report to Ihe Trustee$ ol Colchester Gateway Clubs ('the charlty I report lo the charlty Trustees on my examinatlon ol the accounts ol the charity for the year ended 31 May 2022. As the Trustees of th8 charity you are responsible lor th6 preparation of th& accounts In a¢¢ordanco wlth the requlremenls ol the Charities Act 2011 {'Ihe 2011 Act,). I report in respect ol my examination of the charivs accounts ¢arried out under $8cllon 145 01 the 2011 Acl and in carrying out my examlnalion I hav8 followed the applicable Dlrections given by thè Charity Commi88ion under section 14515llbl of the 2011 Act. Independent examlnerfs Statemenl I have completed my examination. I confirm that no matters havè come lo my all6nilon in connection with the examination giving me Cause lo believe Ihat in any material resp8CI: accounllng records were nol kept In raspecl ol the charity as requirad by $8ction 130 of the 2011 Act- or th& accounts do not accord with those records; or the accounts do nol comply with the apICable requirements concerning th8 form and content of aCUnIS sel out in the Chari1185 IAccounis and Reports) Aegulalions 2008 olhor than any r&quir8mgnl that the accounls give a 'lwe and lairt view which is not a matter considered as part ol an ind8P8ndenl examination. I have no concerns and have come across no other maller5 in conn6ction with the examlnallon lo whleh attention should be drawn in this report In order 10 onae a proper larStandIng ol the accounts to b$ roach8d. This report is made solety lo the charilrfs Trustees, as a body, in accordance wth Part 4 01 tho Charili8S (Accounts arbd Fleporlsl Regulallons 2008. My woth has b88n und8rtak8n so that I might stal8 to th8 eharily's Trustee5 thosa matters l am requlred lo slate to them in an Independent exaffliner's r&port and lor olh9r purpose. To the fullest extenl pormiiied by law, I do not accept or assuffla responsibility lo anyone other than the charity and the charSly's Trustees as a body, lor my work or lor this report. Signed,. Dated: Mr D dWOrth CERTIFIED ACCOUNTANT Grlffln Chapman 4 & 5 Thg Godars Apex 12 Old Ipswich Road Colchester Essex C07 7QR Page 8
COLCHESTER GATEWAY CLUBS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2022 Unroslrleted lunds 2022 Restrlcted fund8 2022 Total funds 2022 rotal lunds 2021 Noto Income from: Donations and18gacles Charitable a¢tivilie$ Other trading activities Investments 99,782 154,866 32,239 2,936 162 178,985 8,579 2,265 36 32,239 2,936 146 16 Total Incom8 90,405 99,798 190,203 189,865 Exp8ndlture on: Gharilable act1118S 49,411 126,609 176,020 145,959 Total expgndlture 49,411 126,609 176,020 145,959 Net In¢omel(expendlturo) Transfers between lunds 40,994 383 126,811) 13831 14,183 43,906 15 Net movèmonl In funds 41,377 (27,194) 14,183 43,906 Raconclllatlon ol fund$: Total funds broughl forward Net movement in funds 60,072 41.377 106,787 (27,194) 166,859 14,183 122,953 43,906 Total tunds carrled lorward 101,449 79,593 181,042 166,659 Th6 Slalemeni of1Snanclal aclmlies Indudes all gans armd losses rewnised in the ar. The rteS on pagas 1110 26 lorm part of the88 financial statements. Page 9
COLCHESTER GATEWAY CLUBS BALANCE SHEET AS AT 31 MAY 2022 2022 2021 Noto Flxed assets Tanglblo assets 12 2,219 2,324 2,219 2,324 Current a8sel8 Dgblors Cash at bank and in hand 13 1,266 199,886 24,026 148,645 201,152 172.671 Credllors- amounts lalllng du8 vlihin one y6ar 14 (22,329) (8,136) Net currènt a8ts 178,823 164,535 Tolal a$sel8 leo8 currenl Ilabllltles 181,042 166,859 Nat a88ets excludlng p•n8lon a88Ot 181,042 166.859 Total net a89et8 181,042 166,859 Charlly funds Restricted funds Unrestrl¢led funds 15 15 79,593 101,449 106, 787 60.072 Total lundg 181,042 166,859 The financlal $lat&ments were approved and autriSed for issue by the Trustees signed on Ihelr bghalf by: V S¢rlven Chair ol Trusleos Date: The notes on pages 11 to 26 lom part ot Ihe$e financial $latements. Page 10
COLCHESTER GATEWAY CLUBS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 Genaral infomiatlon The charlty is unlncorporaled and Is registered in England arKI Walos with the Charities Commission. Ac¢ountlng pollcle8 2.1 Ba$1¥ ol preparatlon ol financlal 8talemenls Th6 financial 81al&mants have been prepar8d In accordance wlth Accounllng and Reportlng by Charities.. Stalemenl ol Recommended Practice applicabl8 to charilies pr8parlng thelr a¢¢oLJnls in accordance with the Financial Reporting Standard applicable in the UK and Rapublic ol Ireland issued in October 2019, the Financial Reporting Standard applicabl8 In thè United Klngdom and Republic ol Ir8land {FRS 1021. the Charttles Acl 2011. and UK Genorally Accépted Accounting Practice. The nanCia Slalemgnts have been prepared und8r the hlstorical cost ¢onvenilon with item8 recognised al cost or Iran$a¢llon value unless oth8rwi88 slated in tho rel8vanl nolas lo th889 accounts. Thè financlal 8lalements have been prepared lo givè a 'lrue aThJ fair, vlew atvj have departed from the Charities (Accounts and Reports) Regulations 2008 only to th9 8Xt&nt requirgd to provide a 'lrug and falr view,. This departure has involved lollowng th8 Accountlng and Reporting by Charlllgs.. Sialemenl of Recommendod Practice aFplicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland issued in Oclobor 2019 ralher Ihan Ihe Accounling and Reporting by Charitios.. Statement ol Recomm8nd8d Practlce 8flecte Irom 1 April 2005 which has since been withdrawn. Colchesler Gatoway Clubs meets thè definttion of a public beneltt enlrly ur)dèr FRS 102. The pres6nlalion currency is £GBP. 2.2 Income All income is recognised once the charity has enlitl8meni 10 lh8 income, il Is probablg that the Income will be received and th8 amount of iwm8 r8c8ivable can b8 m8asur8d rgllably. Grants are included In Iho Slalement of flnancial athivitres on a receivable basis. The balance of income received lor Specif purposès bul not expended during the period is shown in the rolevanl funds on the Balance sh881. Where income is received in advance of enlitlemenl ol rec81pI, ils recognition is deferr9d arKJ included in creditors as dglerred income. Whore enlillemgnl occurs before income rs received, th8 income is accrugd. On receipt, donated professnal seNices aThJ facilities are recognlsed on th8 basis ol th8 value of lh8 girt lo the charity whh is the amounl it would have boen willlng to pay to obtain services or facilities of equivalenl econornic benelrt on the open matl(el', a corresponding amount is thon r6cognised in expenditure in the period of receipt. Oth8r income is recognised in the perl¢>J in which il is receivable and to the ext9nt the goods have b88n provided or on complelion ol the seThice. Pagg11
COLCHESTER GATEWAY CLUBS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 A¢countlng policios (continued) 2.3 Exp8ndlture Expenditure Is recognlsed once ther8 is a18gal or nStructe obligation lo transfer gconomic benefit lo a Ihlrd paty. 11 is probable that a Iranslèr of economic benefrts will be r8quired in selllemenl and the amount ol the obligation can be m8asured rellably. Expenditure is classified by activity. The costs of each aclivlty are mad8 up of the lolal ol direct costs and 8har8d co81$. Includlng 8UPPOrt Gosts Involved in undertaklng each activity. Direct costs attributable lo a single a¢livlly are loCated dir8GIIy lo that activity. Shared costs which contribute lo more than one aclNity and support Gosts which are not attributable lo a single activity ar6 apportioned bgtwegn those aclivities on a basis Gonsislenl with th6 use ol resources. Central staff costs arg allo¢aled on the basis of time spent, and d8pr8cialion chargès allocated on Ihe portion ol the as$et'$ use. Expendilurg on charitablg activities is incurred on directly undèrtaking th8 aclivitl85 whlch further the charity's objecliv8s. as well as any associated supmirt costs. All expgndilur8 is Inclusw• of irrecoverable VAT. 14 Governmenl grant8 Gov8mment grants are included in the Siat8m8nt of financial activit198 on a rg¢9ivable basis. 2.5 Interest ro¢olvobl• Inlorosl on lunds held on d8posil is included whon raceivable and the amount Cari be measur&d rallably by Ihg charity., this is normlY uwn notification of Ihg interest paK1 or payable by the institution wllh whom the funds are depositèd. 2.6 Tanglble flxod assèts and deprecl8tlon Tangible fixed assets ar8 capitalised and r8c(wnised lthen future economic benefits ara probabla and the cost or value of the asset can b8 measured reliably. Tangiblè fixed assels are inilially re¢ogni8ed al Cost. After recognition. undor th8 cost model, tangible fixed assets are measur8d al cost less accumulated depreciation and any accumulal8d impairment losses. All cosls incurr8d to bring a langible fixed asset into its intonded working condition should b8 included in the measLrf8ment ol Cost. Al each reF)Ortlng date the charity assesses whether there is any Irl¢ation of impairment. If such Indical'on exists, the re¢overable amount ol the asset is del8rrnin8d to b8 the higher of its fair value 1gs$ cosls lo sell and ils value in use. An impaimient loss is r8cognised where the carrying amount exceeds the recoverable amount. Depreclailon 1$ charged so as lo allocate Ihe cosl of tangibl8 fixed a5set5 less thelr resldLJal valua ovor their eslimaled useful INes, Deprgcialion is provided on the followng bases.. Motor vehicles Fixlures and liltings 25YD slraighl line 25.10 strarght line Page 12
COLCHESTER GATEWAY CLUBS NOTES TO THE FINANCIAL STATEkqENTS FOR THE YEAR ENDED 31 MAY 2022 Accountlng pollcl65 (contlnued) 17 Debtors Trade and other d8bloTs are recognised at th8 s8ttlemenl amount after any trad8 dlscount offer8d. Prepayments are valued al the amount prepahl nel of any trade dlscounls due. 2.8 Cash at bank ond In hand Cash al bank and in hand includes cash ar short-term hlghly liqu5d Investments wlth a short malurlty ol three monihs or less from the date ol acquisition or oponing of tho deposit or Similar account. 2.9 Llablllttas and pro¥l8lons Liabilities are recognisgd wh8n Iherg is an obligalion al the Balancg sheet datè as a result ol a past event, it is probable Ihal a Iransfgr ol economi¢ bgnglit will b9 required in settlemènt, and the amount of the selllemenl can be eslimaled reliabty. LlabS111ies are recognised at Ihe amount thal the chanty anticlpates it wlll pay to settle the debt or the amount il has received as advanced payments for the goods or seryices h mu81 provide, Provislons are measured at the besl estimate ol the amounts required lo sellle the obligation. Wh8ro the ellect of th6 lime value ol money is material. Ihe provision is based on the present value ol those amounts, discouni8d at th6 pr6-lax discount rate that rellecls the risks specific 10 the liability. The unwlnding ol th8 dlsGounl is r6cognls8d in the Slatemenl of financial acliyilies as a finance cost. 2.10 Flnanclal In81rnments The charity onty has financial assets and flnancial liabilitles of a klnd that qualify as baslc flnanclal instruments. Basic financial instruments are inilially recognised at transaction value and subsequ8nlly measured al their selllemenl value with the excepth?n of bank loans whlch are subgequ8nlly measured al amortised cost using ihe efftive interest m8thTrJ. 2.11 Penslons The charity operates a delined contribution pension scheme and the pension charge repr&s8rrts the amounts payab18 by thg charty lo the furmj in respect of the year, 2.12 Fund accountlng General lunds are unrgslricl8d IL)nds which are availab18 for us8 al the discr61ion of the Trustees in furtherance ot the gen8ral objectives of tho charity arKI which have not b88n d8signaled lor other purposes. Designated funds comwise unrestricted funds that have bgon set asKle by tho Truslegs for particular purposes. The aim and use of each designal8d fund is sel Olrt in th8 notes to the financial statements. R&strict8d funds are funds which arg to b8 used in accordance with specific rgstriclions Imposed by donors or which have been raised by th8 charity for particular purposos. The costs ol ralslng and administering such funds are charged against the specific fund. The aim and use ol each $tricted fund is set out in the notes to the finarla1 stalemerts. Investment income, gains and losses are allocated lo the appropriate fund. Page 13
COLCHESTER GATEWAY CLUBS NOTES TO THE FINANCIAL sTATEmEs FOR THE YEAR ENDED 31 IIIAY 2022 Accounling poll¢le8 l¢onllnuedl 2.13 Redundancy costs Redundancy costs and leminalion paym8nts are charged to the Income stal8menl In th8 year In which an irr8vocab18 commitment Is made lo Incur the costs. Crltlcal accountlng estlmates and aro8¥ of ludgment E8timales and judgments ar8 contlnually evaluatèd arxl are based on historical experlence and other factors, InGludlng expoctalions of lulure events that ar8 b8lieved to be reasonable undor th8 circumslanGe8. Cri15cal accounllng estimales and assumptions: The charity makes 8slimales and assumplions concoming tho future. Tho rasumlng accounllng 961imate8 and assumpllons will, by definition, seldom equal thg related actual results. However, ther8 are no eslimale8 and assumptions Ihal have a significant rlsk of causlng a material adjuslrnent lo the carrying amounts ol assets and liabilthes within the next financial yéar. Page 14
COLCHESTER GATEWAY CLUBS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 Income from donallons and lega¢les Unrestrleted Restrlcted funds tund8 2022 2022 Total tunds 2022 Donalion8 Grants Government granls 37,SS3 16.548 973 37,563 116,330 973 99.782 Total 2022 55,084 99,782 154,866 Government grants ware r8c8lved in th8 fom of asslstanc8 through th8 Coronavirus Job Retenllon Scheme. Unr8stnct80 lunds 2021 R&strlctea funds 2021 Total lunds 2027 Donations Granls Government grants 14.442 14,442 150,238 14,305 150,236 14,305 Total 2021 28,747 150,238 178,985 Income Irom charltable gcllvltle• Unrestrlctod funds 2022 Total lundg 2022 Weekends Mlnlbus Trips Entrance fees 14101 32,649 {410) 31649 Total 2022 32,239 32,239 Page 15
COLCHESTER GATEWAY CLUBS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 Income from ¢harltable a¢llvllla¥ {continuad) Unr8Stricteo fuTS 2021 R8Strfctatt fvnds 2021 Tolal funds 2021 Weekends Minibus Trips Entrance f&8S 1, 135 1,135 83 (201) 7,562 83 (201) 7,562 Total 2021 8,496 83 8,579 Ineomè from other trodlng actlvltl8• Incomo from fundral8lng events Unrestricted fund8 2022 Total fund8 2022 Fundraising events 2,936 2,936 UnstrICt60 funds 2021 Tot81 funds 2021 Fundraising events 2,265 2,265 Investment Income Unrestrlcted Restrlcted ftjnds funds 2022 2022 Total funds 2022 Deposit interest 146 16 162 Page 16
COLCHESTER GATEWAY CLUBS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 Investment incorne (continued) Unr8s[r0tt lunds 2021 Total funds 2021 Deposll Inler8St 36 36 Analy81s of expendllure by acllvltle8 Actlvltles undertaken dlrnctly 2022 Support costg 2022 Total funds 2022 FurKlraising aclivilies Club activity costs Galew8yIAdvocacy & Support projects Other support costs 1,492 5,942 12,065 1,492 5,942 12,065 156,521 156,521 Total 2022 19,499 156,521 176,020 Page 17
COLCHESTER GATEWAY CLUBS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 Analys18 ol expendllure by activities (contlnued) Activilies undertaken directly 2021 Support costs 2021 Total runds 2021 Fundralslng activities Coflee bar Trips, weekgnd and olher events Club activity costs GalewaylAdvo¢a¢y & Support projects oihgr support costs 47 591 342 1, 183 10,689 47 591 342 1, 183 10,689 133, 107 133,107 Total 2021 12,852 133, 107 145,959 Analy81s of support ¢08t* Total lund8 2022 Total funds 2021 Staff costs Depreciation on fixed assets Respllo care Minibus runnlng expen898 Rent Telephone Repairs & equipment Prfntlng and slalionory Coursè fées and expènses Insurance Payroll fees Sundry expenses {Profitllloss on disFM)sal of assels Governance costs Travel expenses Bank charges 115,557 1,155 22,974 102,237 1,365 7,434 800 2,896 122 153 628 357 1, 137 1,155 2,079 8,416 3, 700 549 2,925 116 3,688 1,369 15 626 1,146 3,128 3,650 172 156,521 133, 107 Page 18
COLCHESTER GATEWAY CLUBS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 Independent examinerfs remuneration 2022 2021 Fees payable lo the charivs independent examiner for tho independent examlnalSon of the charity's annual accounts Fe8s payable to Ihe ¢haritVs Ind8p8ndent examiner In respect ol.. Underpr0s1on in last year's accounts lor all olher saNicas All other services nol included above 300 300 6L1 1, 740 1,680 10. stafl cost• 2022 2021 Wag88 and salarles Soclal socurlty c081s Conlribulion lo delin8d contribution pension schemes 112,342 1,693 1,522 100,996 54 1,187 11 $,557 102.237 100/0 of the salary costs for key managemert are Included within governance costs rather than in stall costs above. Governance costs also include accountancy and IndepeIent examination lees. Payroll and pension rolaled ¢osl$ are altributed b8twaen restried and unreslricl&d fuNJs In line with the aclThilly Ing worked on by staff mombers. The average numbor ol persons Omployad by the charity during th8 y8ar was as follows: 2022 No. 2021 No. Managèment, sup6rvisors & Club Loaders Admin151raicr CILJb leaderslsupermsors Club Assistants Casual Club Assistants Advocates 12 12 16 30 Page 19
COLCHESTER GATEWAY CLUBS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 10. Staft C08ts (conllnued) No employee recewed remuneratlon amounllng to more than £60.000 in etther year. Tha kay managem8nl personn&l ol the char¢ty comprises those listed on page 1. The lolal amount ol employee benefits (including employw pension Conlributlons re¢elved by koy managgrnenl for their S8rvice8 lo Ihg charity w88 £16.695 {2021". £16,0041- 11. Tru8lee8' remuneratlon and expen During the y8ar, no Trust8es received any r8muneration or othgr benefits (2021- £NILJ. Durlng thè year ended 31 May 2022, oxpgnses werg r9imbursed or paKI dirg¢1ty to Trustee (2021 10 2 Trustees) brokèn down a8 follows.. 2022 2021 TralnSng and admlnislrallon 115 12. Tanglble Ilxed a88ets Flxlures and Co81 or valuatlon At 1 June 2021 Additions 9,643 1,050 Al 31 May 2022 10,693 Deproclatlon At 1 JLtne 2021 Charge lor Ihg year 7,319 1,155 At 31 May 2022 8,474 Net book valuo At 31 May 2022 2,219 Al 31 May 2021 2,324 Page 20
COLCHESTER GATEWAY CLUBS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 13. Debtors 2022 2021 Duè wlthln one year Other d8blors Prepayments arKI accru8d income 74 1,192 126 23,900 1,266 24,026 14. Crodltors: Amount8 falllng due wllhln ono ar 21Y22 2021 Oiher ¢rediiors AcGruals and d8lerr8d income 943 7,193 22,329 22,329 8, 136 Dglerred income is made up of incoming resources from grants and funding which qualify for daferral under the Charity SORP. Page 21
COLCHESTER GATEWAY CLUBS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 15. Statemenl of lunds Staloment of funds- curronl y•ar Balance at 1 June 2021 Transfer$ Balance at IOut 31 May 2022 Income Expendilure Unrostrletod fund$ De$lgnaled lund8 Designalad Fund Conbngency Fund 2,750 13.000 2,750 13,000 15,750 15,750 General fundg General Funds - all lunds 44,322 90N05 149,411) 383 85,699 Total Unrestrlcted lund8 60,072 90,405 149,411) 383 101,449 Re8trtcted lunds Roslricled Funds- all funds Re51ricled Fund . Minibus 106.420 367 99,782 16 (126,609) 79,593 {383} 106,787 99,798 {126,6091 1383) 79,593 Totol of lund8 166.859 190,203 (176,020) 181,042 Tho designated fund is lor new projects and has been sel asKle by the trustees lo provide for now project expenditure as and when il arises.11 Is represented by cash hekl ai the bank. The contingency fund is sei aside by the trustees for lulure conlingencies and is represented by cash hold al the bank. Last year, tho contingency fund was lopped up wlth transfers from the general furKIs. Tho mlnlbus fund was dosed down. after the disposal of tho shared vehicle last y9ar, and furKIs transferred to used wth unreslricled funds. RemalnSr)g Iranslers represent the net effect of rastricted belng used to cover allowable expenditure and core cosls and unrestricted lunds. such as fudough, being used lo cover costs wtthin projacts funded by restricled grants and other receipts. Page 22
COLCHESTER GATEWAY CLUBS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 15. Stal8m•nt of funds (¢ontinued> Statement ol funds- prior year Balance al l June 2020 Translèrs Balance al i01 31 May 2021 InGome Expandilur8 Unrestrlcted fund8 Deslgnated fund8 Designaled Fur Conting8ncy Fund 2,750 2, 75Q 13,000 5,000 10.750 15, 750 8a18nce al l June 2020 Transfers Balanco 81 IoUl 31 May2021 Income Expenditur8 G•noral lunds General Fund8 - ail lunds 45.243 39,544 (56,344) 15,879 44,322 Total untrICted fund• 55.993 39.544 (56,344) 20,879 60,072 Restrlctod funds Restricled Funds - all lunds Reslilcted Fund - Minibus 57.728 9,232 150.238 (80,667) {8.948) (20.879) 106,420 367 66,960 150,321 (89,615) (20,879) 106,787 Total of funds 122,953 189,865 (145,959) 166,859 Page 23
COLCHESTER GATEWAY CLUBS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2022 16. Summary of funds Summaryof funds- current year Balance at 1 Jun6 2021 Transfars Balance at Inlout 31 May 2022 Income Expendllure Deslgnalgd funds General funds Reslricl8d funds 15,750 44,322 106,787 15,750 85,699 79,593 90,405 99,798 {49,411) {126.609) 383 {383} 166,859 190,203 (176.020) 181,042 Summary of lund8- prlor year 8alance al l June 2020 rr8ns18rs Balance al in/oul 31 May 2021 Incom8 Exp8ndituré Designaled funds G8nèral funds Reslricled lund8 10,750 45,243 66,960 5,000 15.879 (20,879) 15,750 44,522 106,787 39,544 150,321 (56.344) {89.815J 122,953 189.885 (145,959) 166,859 17. Anatysl$ ol no18ssots boiweon funds Analyslg ol nel assels botwoon funds- currnnt year Unrestrlcted Regtrlcted funds funds 2022 2022 Total funds 2022 Tangible fixed assets Current assets Creditors due wthin one year 1,323 98,270 120.0001 2,219 201,152 122,3291 102,882 12,3291 Total 101,449 79,593 181,042 Page 24
Pa)TES TO ThE ANANCIAL STATEMEKrs Tangole fixed a&* 67 6&141 (&136J 2.&4 172.671 f8,136) 104,530 Cr8dil(Ks ¢Jue 1h1n (Th )•ar 60.072 11¥787 166.859 Pag8 25
NOTES TO THE FINANCIAL STATEMENTS The ch8rlty operates a deflned contr&th The assets of th& Scheme are Trld am(xual to £1522 (a)21 . £1.187). There wern (h)natlon8 recwived Irom trugt8es In Ihg >r8r (2027.. £1,183). The charlty reLevrn8 IufKls Irom Ccl¢h catal clwiiy on behalf ol to cover ellgltle resplte costs. Grants and olhar receipts rece1¥1 $Ajri Ihe year lotled £27.5 and related outgolngs wore £29,78(L Tho bth)c caftied l(Thwd d a s• ol £110 (2021: £2)) * h1 a¥ ag&tt for Page 26