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|---|---|---|---|---|
|Report ofthe Trustees||1|to|5|
|Independent
Examiner's|Report||||
|Statement of Financial|Activities||||
|Balance Sheet||8|to|9|
|Notes tothe Financial Statements||10 to||19|
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||||||31.3.23|31.3.22|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|funds|funds|funds|
|||Notes|F|||F|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
and legacies|||21,142|1,266|22,408|33,641|
|Charitable
activities|||||||
|Community
centre|||100,713|50,040|150,753|133,769|
|Other trading
activities|||78,066||78,066|65,945|
|Investment
income|||1,301||1,301|58|
|Otherincome||||||429|
|Total|||201,222|51,306|252,528|233,842|
|EXPENDITURE ON|||||||
|Charitable
activities|||||||
|Community
centre|||241,878|68,152|310,030|261,007|
|NET INCOME/(EXPENDITURE)|||(40,656)|(16,846)|(57,502)|(27,165)|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought
forward|||200,580|624,450|825,030|852,195|
|TOTAL FUNDS CARRIED FORWARD|||159,924|607,604|767,528|825,030|
##
||BALANCE SHEET|||
|---|---|---|---|
||31 MARCH 2023|||
|||31.3.23|31.3.22|
||Notes|||
|FIXEDASSETS||||
|Tangible assets|14|607,683|636,605|
|Investments|15|100|100|
|||607,783|636,705|
|CURRENT ASSETS||||
|Debtors|16|91,375|69,592|
|Cash at bank||123,183|132,611|
|||214,558|202,203|
|CREDITORS||||
|Amounts
falling due within one year|17|(54,813)|(13,878)|
|NET CURRENT ASSETS||159,745|188,325|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||767,528|825,030|
|NET ASSETS||767,528|825,030|
|FUNDS|19|||
|Unrestricted
funds||159,924|200,580|
|Restricted funds||607,604|624,450|
|TOTAL FUNDS||767,528|825,030|
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||FOR THE Y|FOR THE Y|FOR THE Y|EAR ENDED 31 MARCH 2|023||
|---|---|---|---|---|---|---|
|2.|DONATIONS
AND LEGACIES||||||
||||||31.3.23|31.3.22|
||||||P||
||Donations||||2,408|113|
||Other Grant income||||20,000|33,528|
||||||22,408|33,641|
||Grants received,|included|in the above,|are as follows:|||
||||||31.3.23|31.3.22|
||Fareham college|||||2,000|
||Gosport Borough|Grant|||20,000|31,528|
||||||20,000|33,528|
|3.|OTHER TRADING ACTIVITIES||||||
||||||31.3.23|31.3.22|
||Fundraising
events||||769||
||Room hire charges receivable||||59,003|49,104|
||Phone mast income||||16,750|16,841|
||Cafe income||||1,544||
||||||78,066|65,945|
|4.|INVESTMENT INCOME||||||
||||||31.3.23|31.3.22|
||||||F||
||Deposit account|interest|||1,301|58|
|5.|INCOME FROM|CHARITABLE ACTIVITIES|||||
||||||31.3.23|31.3.22|
||||Activity||||
||Community
levy||Community|centre|109,873|107,837|
||Project service fees||Community|centre|2,840||
||Grants||Community|centre|38,040|25,932|
||||||150,753|133,769|
||Grants received,|included|in the above,|are as follows:|||
||||||31.3.23|31.3.22|
||||||F|F|
||Department
ofWork and||Pensions||23,790|25,932|
||Power for Change||||8,000||
||Vivid Housing||||6,250||
||||||38,040|25,932|
##
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||||||||||
|---|---|---|---|---|---|---|---|---|
|6.|OTHER INCOME||||||||
||||||||31.3.23|31.3.22|
||CJRS|||||||429|
|7.|CHARITABLE ACTIVITIES COSTS||||||||
|||||||Direct|Support||
|||||||Costs (see|costs (see||
|||||||note 8)|note 9)|Totals|
||Community|centre||||226,752|83,278|310,030|
|8.|DIRECT COSTS OF CHARITABLE ACTIVITIES||||||||
||||||||31.3.23|31.3.22|
|||||||||F|
||Staffcosts||||||117,765|143,093|
||Light, heat,|water|||||11,096|10,442|
||Sundries||||||6,195|2,469|
||Cleaning||||||3,816|1,640|
||RCT FM Services||||||42,436|31,947|
||Travel||||||474|67|
||Repairs||||||14,710|4,958|
||Training||||||1,338|2,327|
||Depreciation:||Buildings||||15,535|15,535|
||Depreciation:||Fixtures||||13,387|13,387|
||||||||226,752|225,865|
|9.|SUPPORT|COSTS|||||||
||||||||Governance||
|||||||Management|costs|Totals|
||Community|centre||||80,758|2,520|83,278|
||Support costs, included||||in the above, are as follows:||||
||Management||||||||
||||||||31.3.23|31.3.22|
||||||||Community|Total|
||||||||centre|activities|
||Insurance||||||2,761|2,656|
||Postage and||stationery||||1,293|1,459|
||Advertising||||||860|626|
||Accounting|software|||||2,426|2,155|
||Bookkeeping||and|payroll costs|||3,625|3,890|
||Telephone|and internet|||||7,673|9,786|
||Computer|costs|||||824|872|
||Office equipment|||expensed|||1,231|1,585|
||Legal and|professional|||fees||8,079|654|
||Bank charges||||||2,381|1,501|
||Away day|||||||1,200|
||Carried forward||||||31,153|26,384|
##
##
|Management|Management|-continued||||
|---|---|---|---|---|---|
|||||31.3.23|31.3.22|
|||||Community|Total|
|||||centre|activities|
||||||F|
|Brought forward||||31,153|26,384|
|Consultancy||fees||19,605||
|Bad debts|||||5,189|
|Settlement|payment|||30,000||
|||||80,758|31,573|
|Governance||costs||||
|||||31.3.23|31.3.22|
|||||Community|Total|
|||||centre|activities|
||||||F|
|Independent||examiners fee - Gibson||||
|Whitter||||2,520|2,400|
|Independent||examiners fee - Rothmans|||1,169|
|||||2,520|3,569|
|NET INCOME/(EXPENDITURE)||||||
|Net income/(expenditure)|||is stated after charging/(crediting):|||
|||||31.3.23|31.3.22|
|||||f.||
|Depreciation||- owned assets||28,922|28,922|
|Independent||examiners fees||2,520|3,569|
##
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|STAFF COSTS|||||||||
|---|---|---|---|---|---|---|---|---|
||||||||31.3.23|31.3.22|
|||||||||F|
|Wages and salaries|||||||107,293|129,701|
|Social security costs|||||||8,408|10,634|
|Other pension costs|||||||2,064|2,758|
|Settlement
payment|||||||30,000||
||||||||147,765|143,093|
|The average
monthly||number of|employees||during the year|was as follows:|||
||||||||31.3.23|31.3.22|
|Charitable
staff|||||||5|6|
|No employees
received emoluments||||in excess of660,000.|||||
|COMPARATIVES FOR THE STATEMENT|||||OF FINANCIAL|ACTIVITIES|||
|||||||Unrestricted|Restricted|Total|
|||||||fund|funds|funds|
|||||||F||F|
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations
and legacies||||||33,641||33,641|
|Charitable
activities|||||||||
|Community
centre||||||107,837|25,932|133,769|
|Other trading
activities||||||65,945||65,945|
|Investment
income||||||58||58|
|Other income||||||429||429|
|Total||||||207,910|25,932|233,842|
|EXPENDITURE ON|||||||||
|Charitable
activities|||||||||
|Community
centre||||||211,644|49,363|261,007|
|NET INCOME/(EXPENDITURE)||||||(3,734)|(23,431)|(27,165)|
|RECONCILIATION|OF FUNDS||||||||
|Total funds brought||forward|||||||
|As previously
reported||||||193,774|678,092|871,866|
|Prior year adjustment||||||10,540|(30,211)|(19,671)|
|As restated||||||204,314|647,881|852,195|
|TOTAL FUNDS CARRIED FORWARD||||||200,580|624,450|825,030|
##
||FOR THE YEAR END|ED 31 MARCH 2023|||
|---|---|---|---|---|
|14.|TANGIBLE FIXEDASSETS||||
||||Fixtures||
|||Freehold|and||
|||property|fittings|Totals|
||||F||
||COST||||
||At 1 April 2022 and 31 March 2023|776,805|68,301|845,106|
||DEPRECIATION||||
||At 1 April 2022|171,257|37,244|208,501|
||Charge for year|15,535|13,387|28,922|
||At 31 March 2023|186,792|50,631|237,423|
||NET BOOK VALUE||||
||At 31 March 2023|590,013|17,670|607,683|
||At 31 March 2022|605,548|31,057|636,605|
|15.|FIXEDASSET INVESTMENTS||||
|||||Shares in|
|||||gl'oup|
|||||undertakings|
||MARKET VALUE||||
||At 1 April 2022 and 31 March 2023|||100|
||NET BOOK VALUE||||
||At 31 March 2023|||100|
||At 31 March 2022|||100|
##
||Investments
represents
|the charity's
wholly owned subsidiary
RCT Ent|erprises
CIC.||
|---|---|---|---|---|
|16.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
||||31.3.23|31.3.22|
||Trade debtors||73,913|56,796|
||Amounts
owed by group|undertakings|13,400|8,119|
||Other debtors|||1,965|
||P repayments||4,062|2,712|
||||91,375|69,592|
##
##
|||||FOR THE YEA|FOR THE YEA|R ENDE|D 31 MARCH 2023|D 31 MARCH 2023|||
|---|---|---|---|---|---|---|---|---|---|---|
|17.|CREDITORS: AMOUNTS|||FALLING DUE||WITHIN|ONE YEAR||||
||||||||||31.3.23|31.3.22|
||||||||||F||
||Trade creditors||||||||7,693|5,473|
||Social security and|other||taxes||||||2,344|
||Other creditors||||||||207|781|
||Deferred income||||||||4,188||
||Accrued expenses||||||||42,725|5,280|
||||||||||54,813|13,878|
|18.|ANALYSIS OF NET ASSETS||||BETWEEN|FUNDS|||||
||||||||||31.3.23|31.3.22|
|||||||Unrestricted||Restricted|Total|Total|
||||||||fund|funds|funds|funds|
||||||||F|||F|
||Fixed assets||||||6,329|601,354|607,683|636,605|
||Investments||||||100||100|100|
||Current assets|||||208,308||6,250|214,558|202,203|
||Current
liabilities|||||(54,813)|||(54,813)|(13,878)|
|||||||159,924||607,604|767,528|825,030|
|19.|MOVEMENT
IN FUNDS||||||||||
||||||||||Net||
||||||||||movement|At|
|||||||||At 1.4.22|in funds|31.3.23|
|||||||||F|F||
||Unrestricted
funds||||||||||
||General fund|||||||200,580|(40,656)|159,924|
||Restricted funds||||||||||
||Freehold
property|||||||605,548|(15,535)|590,013|
||Covid Community|Led Organisation|||||||||
||Recovery Scheme|||||||1,978|(791)|1,187|
||Coronavirus
Community||Support Fund|||||4,634|(1,854)|2,780|
||Power to change C-19Trading||||Income||||||
||Support Scheme|||||||12,290|(4,916)|7,374|
||Community
workshop||||||||6,250|6,250|
|||||||||624,450|(16,846)|607,604|
||TOTAL FUNDS|||||||825,030|(57,502)|767,528|
##
##
|Net movement
in|f|unds,|include|d
in the abo|ve are as follows|:|||
|---|---|---|---|---|---|---|---|---|
|||||||Incoming|Resources|Movement|
|||||||resources|expended|in funds|
|Unrestricted
funds|||||||||
|General fund||||||201,222|(241,878)|(40,656)|
|Restricted funds|||||||||
|Freehold
property|||||||(15,535)|(15,535)|
|Covid Community||Led Organisation|||||||
|Recovery Scheme|||||||(791)|(791)|
|Coronavirus
Community|||Support Fund||||(1,854)|(1,854)|
|Power to change|C-19||Trading|Income|||||
|Support Scheme|||||||(4,916)|(4,916)|
|DWP- Youth Hub||||||43,790|(43,790)||
|Community
workshop||||||6,250||6,250|
|Resident training|grants|||||1,266|(1,266)||
|||||||51,306|(68,152)|(16,846)|
|TOTAL FUNDS||||||252,528|(310,030)|(57,502)|
|Comparatives
for||movement||in funds|||||
|||||||Prior|Net||
|||||||year|movement|At|
||||||At 1.4.21|adjustment|in funds|31.3.22|
||||||F||||
|Unrestricted
funds|||||||||
|General fund|||||193,774|10,540|(3,734)|200,580|
|Restricted funds|||||||||
|Freehold
property|||||621,083||(15,535)|605,548|
|Covid Community||Led|Organisation||||||
|Recovery Scheme|||||20,825|(18,056)|(791)|1,978|
|Coronavirus
Community|||Support Fund||18,643|(12,155)|(1,854)|4,634|
|Power to change|C-19||Trading|Income|||||
|Support Scheme|||||17,541||(5,251)|12,290|
||||||678,092|(30,211)|(23,431)|624,450|
|TOTAL FUNDS|||||871,866|(19,671)|(27,165)|825,030|
##
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##
|Comparative
net m|ove|ment
in|funds,
included
in th|e above are as follows:|||
|---|---|---|---|---|---|---|
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|Unrestricted
funds|||||||
|General fund||||207,910|(211,644)|(3,734)|
|Restricted funds|||||||
|Freehold
property|||||(15,535)|(15,535)|
|Covid Community|Led|Organisation|||||
|Recovery Scheme|||||(791)|(791)|
|Coronavirus
Community||Support Fund|||(1,854)|(1,854)|
|Power to change C-19||Trading|Income||||
|Support Scheme|||||(5,251)|(5,251)|
|DWP- Youth Hub||||25,932|(25,932)||
|||||25,932|(49,363)|(23,431)|
|TOTAL FUNDS||||233,842|(261,007)|(27,165)|
##
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