2022-03-31-accounts - Gosport Community Association

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CONTENTS			PAGE
Trustees annual report			1tor,
Independent examination report tothe	members
Consolidated statement offinancial activities
(incorporating the income and expenditure		account)
Consoh dated balance sheet			T to 8
Charity balance sheet
Notes tothe financial statements			10to s.g
The following pages do not form part	of	the financial statements
Detailed non-consolidated statement	offinancial activities ofthe charity		21tO11

			YEAR	ENDED	31MARCH 10	21
					Restriicted
					Funds	Unrestricted	Total Funds	Total Funds
					2022	Funds ao22	2022	2021.
				Note		2
INCOME AND ENDOWMENTS FROM:
Donations and legacies						94,996	94,996	151,789
Trading and fundraising	activities					154r784	154,78rr	42,280
Investment income						448	448	439
Charitable activities						87,74o	87,74o	46,512
TOTAL						337,968	337,968	24'1,020
EXPENDITURE ON:
Trading and fundraising	activities					98r954	98,954	6o,708
Charitable activities						209I508	aog,go8	s.glr938
TOTAL						308,462	3o8,462	2r,2,646
NET INCOME I (EXPENDITURE)						29 506	29,506	(2,626)
OTHER RECOGNISED GAINS I (LOSSES)
Unreali sad gain sf(losses) on revaluation		ofinvestment	assets			s.r302	1,302	2r576
NET MOVEMENT IN FUNDS						30 808	30,808	950
TRANSFERS
RECONCILIATION OF FUNDS
Total funds brought forward						470,o57	47o,o57	469,107
TOTAL FUNDS CARRIED FORWARD						Soo,865	Soo,865	r,yo,o57

		31 MARCH	2o22
				2022		2021
			Note
FIXEDASSETS
Tangible assets			10		621I421	626722
					621I421	626,721
CURRENT ASSETS
Stocks				9I339		4I411
Debtors			13	BI163		36,651
Investments			1lr	16I319		15,018
Cash at bank				91,6rr5		32,804
				225(466		88,884
CREDITORS:	Amounts	falling due within one year	15	(46,443)		(23,412)
NET CURRENT ASSETS					79I023	65 472
TOTAL ASSETSLESSCURRENT LIABILITIES					700I444	692I193
CREDITORS:	Amounts	falling due after more than
one year			2.6		(199I579)	(222I136)
PROVISIONS	FOR LIABILITIES
NET ASSETS					Soo,865	r,7o,o57
FUNDS
Restricted income funds
Unrestricted	income funds				Soo,865	470.057
TOTAL FUNDS					5oo,865	470I057

	31 MARCH	aoaa
			2022		2021
		Note
FIXEDASSETS
Tangible assets Investments		10		618/330	623,458 1
				618,331	623,459
CURRENT ASSETS
Debtors		13	22/015		r,3,316
Investments		14	16,319		15,018
Cash at bank			31/972		14/292
			70/306		72,526
CREDITORS: Amounts	falling due within one year	15	23 726		18,Bog
NET CURRENT ASSETS				46,58o	53.717
TOTAL ASSETSLESS CURRENT LIABILITIES				664/911	677/176
CREDITORS: Amounts	falling due after more than one
year		16		(162/91.2)	(175,469)
PROVISIONS FOR LIABILITIES
NETASSETS				501/999	501/7 7
FUNDS
Restricted income funds
Unrestricted income funds				502 999	501,707
TOTALFUND5				501/999	501/707

the asset	over thei	r ex	pected useful eco	nomic lives as follows:
Freehold	land			Not depreciated
Freehold	buildings			aM Straight line
Furniture,	fixtures	and	equipment	aS-qoM Reducing balance

NCOME FR	OM D	ONATIONS AND LEGACIES
				Restricted funds	Unrestricted
				1011	funds	2011		2021
				6		6
Donations
Donations - Miscellaneous						3,613		922
Grants receivable
Hampshire	CC
Coronavirns	Job Retention Scheme Grant				44r 20ii		95'952
Local Restrictions		Grant			36rooo		15,356
Retail Hospitality		and Leisure Grant
GCA Social	Club Limited —grants (see note 12)				11r173		39g560
					9II,996		252,789
INCOME FROM TRADING AND FUNDRAISING			ACTIVITIES
					2022		2021
					e		e
Fundraising	events
Subscriptions					3i029		3I329
Car park receipts and permits Dinner and dances					27roso *956		20~127
Raffles
Other events					1.s900		50
					34,885		23,496
Fundraising GCA Socia	trading I Club Limited turnover (see note 12)				119,899		18,781,
					264.78r,		r,2,28o

									2022	2021
									5
	Income from		UK listed investments						448	439
	Bank interest		receivable
									448	439
	INCOMING	RESOURCES FROM CHARITABLE				ACTIVITIES
									2O22	2021
									E	s
	Room hire and catering							87,702		46,512
	Further education fees								38
								87,74o		461512
6.	COS I5OF TRADING AND FUNDRAISING				ACTIVITIES
									2022	2021
	Fundraising		events
	Event and dance costs								399
	Fundraising		trading
	GCA Boaal	Club Limited trading		costs (see	note 12)			98,555		6o708
								98,954		6o,7o8
7.	COSTSOF	CHARITABLE ACTIVITIES BYACTIVITY					TYPE
	Provision	offacilities for		Direct		Occupancyand		Management	and	Total Funds
	promoting		expenditure				support	admin
	social welfare
	2022
	Restricted
	Unrestricted			11,855			121251	76,r,02		209I508
	2021
	Restricted
	Unrestricted			8~320			so2,786		7o,832	181,938
				8,32o			102,786		70,832	282,938

This is stated	after charging:
			202?	2021
			s
Accountancy	fees (non-audit	services)	23 490	'13,235
Depreciation			7.513	R,o&5
STAFFCOSTS AND EMOLUMENTS

Tota Istaff	costs wer	e as follows:
			2022	2021
			a
Wages and salaries Employer's National		Insurance cost	148 203 3.189	150.949 1,214
Employer	pension cost		2,664	sr575
			153 056	153.74"

follows	(No employee re	ceived emoluments &s6o,ooo)	r
				2022		1021
			No		No
Number	of administrative	staff				3
Number	ofbar staff					7
Number	ofother staff					5
						15

TANGIBLE FIXEDASSETS
		Furniture,
	Land and	fixtures and
Group	buildings	equipment	Total
	E	E	E
COST OR VALUATION
At1April zozz	656I835	zazr441	858r276
Additions		as213	zs213
Disposals
At 31March 2022	656,835	203r654	860,r,89
DEPRECIATION
At1April 2021	55s520	176,o35	23N555
Charge in year	as934	4s579	7r523
Disposals
At 31March zozz	58,454	18o,614	239,068
NET BOOK VALUE
At 31March zozz	5g8,381	23r040	621421
At 31March zozz	601I315	25,4o6	626,7zz
Included within Land and buildings	is 7375115relating to land which is not	depreciated
		Furniture,
	Land and	fixtures and
Charity	buildings	equipment	Tote I
	E	E	E
COSTOR VALUATION
At1April 2ozs.	656,835	1714484	829,31.9
Additions		1,478	1,478
Disposals
At31March zozz	656,835	173,962	83o,797
DEPRECIATION
AtzApril zozs Charge in year	55s520 zr934	250s342 3,67z	205r861 6,606
Disposals
At31March zozz	58,457	254s023	Zzzs467
NET BOOKVALUE
At31March zozz	598,381.	1.9,949	618s330
At31March 2021	601,315	22,143	623,458

FIXEDASSETINVES	TMENTS
						2022		2021
						e
Investment in GCA Social Club		Limited (see note 12)
TRADING AND FUNDRAISING		ACTIVITIES - GCA SOCIAL				CLUB LIMITED
The charity owns the	whole of	the		issued	ordinary share capital of GCA Social Club Limited,		a	company
registered in England.	The subsidiary			ts used for nonprimary		pur po?e trading activities. All activities have
been consolidated on	a line by line		basis in the SOFA.The total net profit is gifted tothe charity.
A summary ofthe results ofthe		subsidiary			is shown below:
						2022		2021
						6		e
Turnover						119,899		18,784
Cost ofsales						(9?r3*0)		(57g385)
Gross profit						27r579		(38,6o?)
Other Income						22r173		39,560
Administrative experoe? Rent paid to charity						5r834 2 000		3r3?3
Interest on loan						401
Net income foryear						3o,527		(2,364)
Gift Aid donation
Retained income						3o,517		(2,364)
The aggregate of the	assets, liabilities and funds was:
						2022		2021
						1'
Tangible fixed assets						3q092		3 263
Current assets						69,o55		26,398
Current liabilities						(24081)		(5,365)
Amounts owed from	/ (to)the	charity				(2?i533)		(9,?81)
Non-current liabilities						(36,667)		(46,667)
Funds (representing	one ordinary		share ofs?each)			(?i?35)		(31,652)

					Charity
			2022	2021	2022	2021
			6		6
Trade debtors			6,328	19(345	6,328	19345
VAT				110	1/362	86g
Amounts owed by group undertakings Prepayments and accrued income			s(835	17,196	12.533 1,792	9,281 13,811
PAVE and	social security
			8,163	36(651	22/015	43,316
CURRENT A5SET INVESTMENTS
					2022	202 'r
						s
Other inv	estm	ents			16,319	15I018

CREDITORS: Amounts falling due withi	n one year
		Group		Charity
	2022		2021	2022	2021
				a	s
Bank loans and overdrafts	19/326		11,401	9,326	B,o68
Trade creditors	16,83g		5 026	S,g26	4,826
Other creditors	1(750		3/151	1,683	2(176
PAYE and social security	s.(626		1/115	1,186	1,019
Accruals and deferred income	5/505		2 719	5.505	2(719
VAT	1(397
	46(443		23/412	23/726	18,8oB

REDITORS: Amounts	falling	due	aft	er	mo	re t	han one y	ear
								Group		Charity
							2022		2021	2022	2021
							e		c	s	1
Bank loans repayable	in the	second		to	fifth		73(970		7o,861	37(303	3o,861
year inclusive Bank loans repayable	after	more		than		5	109,049		133175	109,049	126,6oB
years
Pension commitments	payable			in	the		5,76o		5,76o	5,76o	5,760
second tofifth year inclusive Pension commitments payable			after		more		10,8oo		12/240	10,BOO	12/240
than 5years
							199/579		222/136	162/912	175,469

s set out	below.
			Group		Charity
		2022		2021	2022	2021
		E		E	f.	E
Operating	leases which expire:
Within 2to 6years		36o		36o	36o	36o
Within 1year
		360		360	36o	36o

	YEAR END	ED 32 MARCH aoaa
			2022	2021
INCOME AND ENDOWMENTS	FROM-.
DONATIONS AND LEGACIES
Donations —Miscellaneous			3,623	922
Hampshire CC —Other grant
			3,623	922
FUNDRAISING ACTIVITIES
Car park receipts and permits			27/020	20/227
Dinner and dances			2,956
Otherevents			1/900	50
Subscriptions			5/029	3.319
			36,885	23.496
INVESTMENT INCOME
income from UK listed investments				439
Bank interest receivable
			448	439
CHARITABLE ACTIVITIES
Room hire and catering			87,702	46/512
Further education fees			38
			87,740	I/6,512
OTHER INCOME
CJRS grant Retail Hospitality and Leisure Grant			44/200 36/000	95/951 15356
			Bo/200	111307
TOTAL INCOME			ao8/896	182,676
EXPENDITURE ON:
RAISING FUNDS
Event and dance costs			399
			399
CHARITABLE ACTIVITIES
Direct expenditure Equipment repairs			322	1067
Other professional fees Catering supplies and equipment Hire ofequipment			3,228 2/064	1,467
Licences and subscriptions Other direct expenses			5/14ii 2,201	3/775 1,011
Further education tutor fees & expenses
			22,855	8,32o
		-21-

AILED NON-GONSO	LID	A fED STATEMENT OF FINANCIAL AG	TIVITIES OF THE C	HARITY
		YEAR ENDED 31MARCH ao22
			2022	2021
			E
Occuponcyandsupport Wages and salaries			71(11?	67,835
Light and heat			16/290	6,263
Cleaning			720
Rates, water and refuse removal			5/869	6/797
Insurance			1s.(65o	12,2o6
Property iepaiis Depreciation ofbuildings		and contents	9/004 6,606	2.747 6,g38
			121,251	102,786
Administration
Wages and salaries			r(5i879	(i3/765
Accountancy			13i235	13/235
Audit fees
Telephone and postage			r„6o8	3/710
Other office expenses			26
Software, stationary	and	photo«opying	4/174	4/135
Security expenses			1,824
Bank charges and bank loan interest			5.952	5,987
Advertising
Travel			704
			76,/(02	70,832
			209,508	181,938
TOTAL EXPENDITURE			209/907	181/938
NET INCOME I (EXPENDITURE)			(1(011)	738