2023-03-31-accounts - Gosport Community Association

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				YEAR END	ED 31MARCH 2o2	3
					Restricted
					Funds	Unrestricted	TotalFUnds	Total Funds
					2023	FundS 2023	2023	2022
						E		E
INCOME AND ENDOWMENTS FROM:
Donations and legades						ar699	as699	94,996
Trading and fundralslng	acuvttles					235,85o	235,850	15*784
Investmentlncnme						345	345	r,r,g
Charitable activities						22fu344	224r344	87,74o
TOTAL						363s238	363,238	337,968
EXPENDITURE ON:
Trading and fundralslng		activities				133r002	233r002	98r954
Charitable activities						240r729	240r719	209,508
TOTAL						373r721	373r722	308,462
NET INCOME I (EXPENDITURE)						(so,483)	(20,483)	ag, 5o6
oTHER REEQENIEED EAINE I ILossEsl
Unraallsed gains/llnssesl on		revaluation	ofInvestment	assets		(612)	(62.2)	1r302
NET MOVEMENT IN FUNDS						(22,095)	(22,095)	3o,8o8
TRANSFERS
frECON CILIAT ION OFFUNDS Total funds brought forward						Soo,865	Soo,865	47cv057
TOTAL FUNDS CARRIED	FORWARD					489rTlo	489r770	Soo,865

	31MARC	H 2o23
			2023		2022
		Note	E		E
FIXEDASSETS
Tangible assets		10		624 921	62+421
				614921	621,421
CURRENT ASSETS
Stocks Debtors		13	Bi342 22,675		9(339 8,163
Investments		14	25i7o7		26i319
Cash at bank			73,738		92,645
			209,462		125,466
CREDITORS: Amounts	falling due within one year	15	(49'391)		(46i443)
NET CURRENT ASSETS				6o,o71	79ro23
TOTAL ASSETS LESSCURRENT LIABILITIES				674&992	7oo(444
CREDITORS:Amounts one year	falling due after more than	16			(299i579)
PROVISIONS FOR UABIUTIES
NET ASSETS				489,77o	5oo,865
FUNDS
Restricted income funds Unrestricted income funds				489,77o	5oo,865
TOTALFUNDS				489,77o	5oo,865

	31 MARCH	ao23
			2023		2022
		Note
FIXEDASSETS
Tangible assets Investments		10		611&604 1	618,330 1
				612&605	618&331
CURRENT ASSETS
Debtors		13	20&361		12&015
Investments		14	15&707		16,31g
Cash at bank			35,986		31&972
			71&o55		70,306
CREDITORS: Amounts	falling due within one year	15	(19,5 1)		(23,726)
NET CURRENT ASSETS				41&544	46,58o
TOTAL ASSETSLESS CURRENT LIABILITIES				655&149	66&vg22
CREDITORS: Amounts	falling due after more than one
year		16		(158&555)	(162,912)
PROVISIONS FOR LIABILITIES
NET ASSETS				496,594	So1,999
FUNDS
Restricted Income funds
Unrestricted Income funds				r&,96,594	So1,999
TOTALFUNDS				496&594	501&999

NCOME FR	OM D	ONATIONS AND	LEGACIES
					Restricted funds	Unrestricted
					ao23	funds	ao13	2022
					s
Donations
Donations - Miscellaneous							2,699	3i623
Grants receivable
Hampshire	CC
Coronavirus	Job Retention Scheme		Grant					44 200
Local Restrictions		Grant						36,000
Retail Hospitality		and Leisvre Grant
GCA Social	Club Limited —grants (see note 12)
							1,699	94I996
INCOME FROM TRADING AND FUNDRAISING				ACTIVITIES
						1023		2022
						6
Fundraising	events
Subscriptions						3,633		3c019
Car park receipts and permits Dinner and dances						43i764 10		27' 020 2~956
Raffles
Otherevents						1654
						49I061		34,885
Fundraising GCA Social	trading Club Limited turnover		(see note 12)			186,78g		229,899
						135,85o		154,784

						2023	2022
						f	f
	Income from UK listed investments					3rr5	as8
	Bank Interest receivable
							448
	INCOMING RESOURCES	FROM CHARITABLE ACTIVITIES
						1023	2022
						f	f
	Room hire and catering				12ru190		8y, yo2
	Further education fees					25rr	38
							8y,yrro
6.	COSTSOFTRADING AND FUNDRAISING ACTIVITIES
						2023	2022
						f	f
	Fundraiaing events
	Event and dance costs						399
	Fundralsing trading
	GCA Social Club Limited trading costs (see note 12)				132rrryy		98,555
					133 002		98i954
	COSTSOF CHARITABLE	ACTIVITIES BYACTIVITY		TYPE
	Provision offacilities for Direct		OccupancY and		Management	and	Total Funds
	promoting	expenditure		support	admin
	social welfare
	Restricted
	Unrestricted	9i025		243,528	88,1y6		arrory29
	300L
	Restricted
	Unrestricted	22,855		121,251		y6,rro2	209,508

				2013	1022
					E
Accountancy	fees (non-audit		services)	23,676	i3r490
Depredation				6,723	7a513
STAFFCOSTS AND		EMOLUMENTS
Total staff costs were asfollows:
				1013	2021
				E	E
Wages and	salaries			269,228	148'203
Employer's	National	Insurance	cost	3,651	3,189
Employer pension cost				1,63o	2,664
				174,5o9	153,056

TANGIBLE FIXEDASSETS
		Furniture,
	Land and	Rxtures end
Group	buildings	equipment	Total
	1	s	s
COST OR VALUATION
At1April 2o22	656,835	ao3,654	86o,48g
Additions		214	214
Disposals
At31March 2023	656,835	2o3,867	86o&7o3
DEPRECIATION
At 1Aprll 2o22	58I454	18o,614	23g,o68
Charge in year	2I934	3I779	6,713
Dlsposals
At 31March 2o23	61,388	184,393	245I782
NET BOOK VALUE
At 31March 2o23	595,448	19I474	614Ig22
At 31March 2o22	598,382	23,040	622,422
Included within Land and buildings	iss375,225 relating to land which Is not	depreciated.
		Furniture,
	Land and	fixtures and
Charity	buildings	equipment s	Total e
CO5T OR VALUATION
At 1April 2o22	656,835	173,962	83o,797
Additions		224	21,4
Disposais
At 31March 2o23	656I835	174176	831,o11
DEPRECIATION
At 2April 2o22 Charge ln year	58I454 sr934	154io13 3,oo6	222,467 594o
Disposals
At 3s.March 2o23	61,388	15/Io19	218,4o7
NET BOOK VALUE
At 31March 2o23	595,448	17 516	622ISo4
At 31March 2o22	598,381	19,949	618I330

A summary ofthe res	ults ofthe su	bsidiary is shown below;
			2023	2022
			E	E
Turnover			2.86,7go	119,8gg
Cost ofsales			(126,g05)	(92&320)
Gross profit			59r885	27'579
Other Income				~l173
Administrative expenses			10527	5,834
Rent paid to charity			6o,ooo	2~000
interest on loan			si045	401
Net Income for year			(5,687)	30i527
Gift Aid donation
Retained Income			(5,687)	30,517
The aggregate ofthe	assets, liabilities and funds was:
			2023	2022
			E	E
Tangible fixed assets			2,328	3i091
Current assets			46 137	6g,o55
Current liabilities			(2o,g6g)	(24,o81)
Amounts owed from	/ (to)the charity		(7,642)	(12,533)
Non-current liabilities			(26,667)	(36,667)
Funds (representing	one ordinary	share ofE1each)	(6,822)	(sr135)

DEBTORS
													Group		Charity
												2023		1012	2023	2022
														E	E	6
Trade debtors												Br795		6,318	8,795	6,318
VAT															s,o88	1,362
Amounts owed	by group		undertakings												7i642	»i533
Prepayments and accrued				income								1,88o		1,835	sr837	si791
PAYE and social security
											22 675			Bi163	so,361	22g025
CURRENT ASSETINVESTMENTS
															2023	1011
																E
Other investments															&5sto7	16,319
The company's	holding	ofE839.35				income units					in	the Charities		OfRcial Investment Fund has a		market
value at31March 2o13of				E15707representing						a	decrease		In value	ofE612over the previous year.
CREDITORS:Amounts		falling			due	within		one		year
													Group		Charity
												1023		1022	2023	1021
														E		E
Bank loans and	overdrafts										16,7g8			19,316	6,798	g,326
Trade creditors											25i739			26,839	6,918	5,916
Other creditors												1I925		si750	4835	1,683
PAYE and social security												sr879		1,616	2,284	1,186
Accruals and deferred Income											22,676			5505	11,676	5i505
VAT												374		4397
											49,391			46,443	29r 51'1	13,716
CREDITORS: Amounts		falling			due	after more				than		one year
													Group		Charity
												2023		1022	2023	1012
												E		E	E
Bank loans repayable			in the		second		to	fifth			43,86o			73,97o	27i293	37i303
year Induslve
Bank loans	repayable			after	more		than		5		126r242			10gi049	116242	109,049
years
Pension commitments				payable			in	the				5,76o		5,76o	5.760	5,76o
second tofifth year Inclusive
Pension commitments				payable		after more						9,36o		10,800	gi 360	10800
than 5years
											275i222			sggi579	258r555	161912

		YEAR ENDED 31MARCH 2	023	023
			2023		2022
			e		e
INCOME AND ENDOWMENTS		FROM:
DONATIONS AND LEGACIES
Donations —Miscellaneous			2,699		3,623
			2 699		3,623
FUNDRAISING ACTIVITIES
Car park receipts and permits			43,764		2/~020
Dlnnerand dances				10	2,956
Other events			1,654		1,900
Subscrlptions (Including	rent from GCASC)		63,633		5&019
			209i062		36,885
INVESTMENT INCOME
Income from UIC listed investments				345
Bank interest receivable
				345	448
CHARITABLE ACTIVITIES
Room hire and catering			124,190		Sy,702
Further education fees				154	38
			124v344		87i740
OTHER INCOME
QRS grant					44, 200
Retail Hospitality and Leisure Grant					36,000
					So,aoo
TOTAL INCOME			236i449		108,896
EXPENDITURE ON:
RAISING FUNDS
Event and dance costs					399
				525	399
CHARITABLE ACTIVITIES
Direct expenditure
Equipment repairs				345	321
Other professional fees
Catering supplies and equipment					3,128
I-lire ofequipment					s,o64
Licences and subscrlptions Other direct expenses			Sr539 +9»		5gs40 1v201
Further education tutor	fees &expenses
			9r»5		11,855

		YEAR ENDED 31MARCH	1023
			2013	2022
			6	s
Occupancy and support
Wages and salaries			78.778	71~122
Light andheat			24r471	16,290
Cleaning			ii727	720
Rates, water and refuse removal			«g516	5,869
Insurance			10~092	11,650
Property repairs			«.993	9&004
Depreciation ofbuildings		and contents	5'v942	6,6o6
				121,251
Adm)nls trot(on
Wages and salaries			Sor825	45,879
Accountancy			2+420	23i235
Audit fees
Telephone and postage			5,625	4,6o8
Other office expenses			221	26
Software, stationary	and	photocopylng	5 378	4i274
Security expenses				1,824
Bank charges and bank loan Interest			22~131	Si952
Advertising			42
Travel			534	704
			88,176	76 402
			240r719	so9,5o8
TOTAL EXPENDITURE			241i244	209,907
NET INCOME / (EXPENDITURE)			(4i795)	(2022)