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|Contents||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Page:||||||||||||
|||||Report ofthe trustees||||||||
|||||Independent|examiner's|report||||||
|||||Consolidated|statement|offinancial|||activities|||
|||||Charity balance sheet||||||||
|10||||Charity<br>statement ofcash flows||||||||
|||||Notes forming part ofthe financial|||||statements|||
|Trustees and|members|||||||||||
|The Honourable||Peter Stanley||||||||||
|George McGrath||(Chairman)||||||||||
|Andrew<br>Braithwaite|||(Treasurer)||||||(Resigned||30/09/2022)|
|Ed Dunlop|||||||||(Resigned||19/10/2021)|
|Reverend<br>Simon||Bailey||||||||||
|Nik Chapman||||||||||||
|Simone Sear||||||||||||
|Sharon Lamb||||||||||||
|Company<br>Secretary||||John Gilbert|(resigned|29/10/2021)|||(reappointed|17/12/2022)||
|and registered||office||Fred Archer|Way, Newmarket,|||Suffolk, CB88NT||||
|Operations<br>Manager||||James Connolly<br>(appointed|||10/11/2021) (resigned 20/01/2022)|||||
|||||John Gilbert|(resigned|30/08/2022)|||(reappointed|01/02/2022)||
|Centre Manager||||James Connolly<br>(appointed|||10/11/2021) (resigned 20/01/2022)|||||
|||||John Gilbert|(resigned|30/08/2022)|||(reappointed|01/02/2022)||
|Charity<br>number||||1107833||||||||
|Company<br>number||||05283686||||||||
|Independent|examiner|||Loveivell Blake LLP, First|||Floor Suite, First Floor Suite||||2 Hillside Business Park Bury|
|||||St Edmunds|IP32 7EA|||||||
|Bankers||||Barclays Bank Plc, 58||High Street,|||Newmarket.|Suffolk,|CB8 8NH|
|Legal advisers||||Edmondson|Hall Solicitors, 25|||Exeter Road, Nevvmarket,|||Suffolk, CB88AR|





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||||Unrestricted|Restricted|Total|2021|
|---|---|---|---|---|---|---|
||||Funds|Funds|charity|Total|
|||||||funds|
|||Notes|||||
|Income from:|||||||
|Donations|||85.705|37.978|123,683|421,044|
|Charitable<br>activities:|||||||
|Operation ofCentre|||109.713||109,713|36.135|
|Government<br>Grants|||38,942||38.942|41.268|
|Investments|||10.693||10,693|12.262|
|Total income|||245,053|37,978|283,031|510,709|
|Expenditure<br>on:|||||||
|Charitable<br>activities:|||||||
|Operation ofCentre|||444,194|69.028|513.222|330,911|
|Total expenditure|||293,357|69.028|513,222|330,911|
|Net gains / (losses) on investments|||29 048||29,048»8.,40»||
|Net income<br>/ (expenditure)|||(170,093)|(31,050)|(201.143)|238,203|
|Transfers<br>between|funds||||||
|Net movement<br>in funds||9|(170,093)|(31,050)|(201,143)|238,203|
|Reconciliation offunds|||||||
|Total funds brought|forward||726.351|622.503|1,348,854|1, 110,65 1|
|Total funds carried|forward||556,258|591.454|1,147,710|1.348.854|





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||||||||Charity|Charity|
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
|Net movement<br>in funds|||||||(201.143)|238.203|
|Depreciation<br>charges|||||||29,178|29,452|
|(Gains)/losses<br>on investments|||||||(29.048)|(58,405)|
|Investment<br>income|||||||(10,693)|(12,262)|
|(Increase)/decrease<br>in debtors|||||||92,557|(22,932)|
|Increase/(decrease)<br>in creditors|||||||1,175|(3,605)|
|Net cash provided<br>by /|(used in)||operating||activities||(117,974)|170,451|
|Cash flows from investing||activities:|||||||
|Investment<br>income|||||||10,689|12,200|
|Interest receivable||||||||62|
|Purchase offiacd assets|||||||(3.871)|(147,316)|
|Cash receipts from the sale ofinvestments|||||||112,953||
|Cash provided<br>by/(used|in) investing|||activities|||||
||||||||119,775|(135,054)|
|Increase (Decrease) in|cash and||cash|equivalents||in|||
|the year|||||||1,801|35,397|
|Cash and cash equivalents||at the beginning|||ofthe||||
|year|||||||76,896|41,499|
|Total cash and cash equivalents|||at the end||ofthe|year|||
||||||||78,697|76,896|
|Analysis ofcash and cash equivalents|||||||||
|Cash in hand|||||||78,697|76.896|





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|income ive|s primarily|derived from t|he operation|ofthe Centre|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||g||
|Keep fit courses|||||4,242|2,569|
|Room hire|||||2,458|3,917|
|Hall hire|||||36,647|451|
|Racefit|||||4,773|940|
|Event Ticket sales|||||2,019||
|NARS income|||||10,900|10,806|
|Gym Membership|||||46.135|16,381|
|Govemmcnt|Grants||||38,942|41,268|
|Misc sales|||||2,537|1,071|
||||||148,655|36,135|
|me from investments|||||||
||||||2022|2021|
|Interest receivable - deposits|||||4|62|
|Dividends|receivable|from Common|Investment|Funds|10.689|12,200|
||||||10,693|12,262|



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|||||Basis of|Centre|Governance|2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||Allocation|Activities||Total|Total|
|Costs directly allocated to activities:|||||||||
|Advertising<br>&marketing||||Direct|8.026||8.026|4,815|
|Independent<br>examination<br>accountancy<br>fees|||&|Direct||14.640|14,640|15,120|
|Direct Costs||||Direct|374||374|3,131|
|StaffTraining|||||703||703|1,495|
|Bank fees||||Direct|2,861||2,861|1,529|
|Cleaning &refuse||||Direct|8.959||8.959|6.579|
|Consulting||||Direct|25,000||25.000||
|Cost ofgoods sold||||Direct|1,909||1,909|377|
|Depreciation<br>expense||||Direct|11,424||11,424|12,128|
|Depreciation<br>expense||- restricted||Direct|17,754||17,754|17,324|
|Direct svages||||Direct|6.702||6,702|6,904|
|Employers<br>National||Insurance||Direct|13,095||13,095|5,366|
|Entertainment||||Direct|1,324||1,324|356|
|Equipment<br>expense||||Direct|8.910||8,910|10,223|
|General expenses||||Direct|2,694||2,694|2,016|
|Insurance||||Direct|8,631||8,631|8,212|
|Interest Paid||||Direct|78||78||
|ITsoffivarc and consumables||||Direct|3,866||3,866|3,016|
|Licenses||||Direct|2,069||2,069|155|
|Light, posver, heating||||Direct|14.166||14.166|16,791|
|Pensions costs||||Direct|5,907||5,907|4,377|
|Postage, freight &|courier|||Direct|226||226|147|
|Printing &stationery||||Direct|714||714|1,561|
|Professional<br>fees||||Direct|241||241|883|
|Rates &svater||||Direct|1,958||1,958|3,912|
|Rent||||Direct|468||468|624|
|Repairs &maintenance||||Stafftime|10.386||10.386|22.826|
|Salaries||||Direct|150,325|15,000|165.325|154.366|
|Sky/BTTV||||Direct||||275|
|Staffcxpcnses||||Ovcrhcad|17||17||
|Staffsvclfarc||||Direct|2,008||2,008|1,383|
|Subscriptions||||Direct|4,906||4,906|2,798|
|Telephone &internet||||Usage|14.079||14,079|13,139|
|Travel - national||||Direct||||64|
|Trips / events||||Direct||||370|
|Vending<br>machine|costs|||Direct|2.830||2,830|3,766|
|Inter-company<br>loan provision||||Direct|150,837||150,837||
|Grants Paid||||Overhead|135||135||
||||||483.382|29.640|513.222|330.913|





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|mployment|costs||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|Wages and|salaries||||165,325|154,366|
|Social secunty costs|||||13,095|5,366|
|Other pension costs|||||5.907|4,377|
||||||184,327|164.109|
||||||2022|2021|
|The average monthly||head count ofall employees,|excluding|trustees,|||
|tvas:|||||||
|Charitable|activities|and governance|||21|16|



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|ovements<br>in tot|al funds for t|he year|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
|This is stated after charging:|||||||
|Depreciation|||||29,179|29,452|
|Accountant's|remuneration|for independent|exatntnation||1,800|1,800|
|Accountant's|remuneration|for other financial||services|12.840|15.120|





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||||||Long||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||leasehold||||||
||||||land and|Fixtures and|Plant|4k|Computer|Charity|
||||||buildings|equipment|Machtnet3||Equipment|Total|
||Cost||||||||||
|||At 1 April 2021|||924,439|328,704|10,075||416|1,263,634|
|||Additions||||930|1,500||1,441|3,871|
|||Disposals|||||||||
|||At 31March|2022||924,438|329,634|11,575||1,857|1,267/05|
||Depreciation||||||||||
|||At 1 April 2021|||196,336|285,229|1.144||87|482.796|
|||Provided for|the year||7,559|19,008|2.290||322|29,179|
|||Disposals|||||||||
|||At 31 March|2022||203,895|304,237|3,434||409|511,975|
||h/et|hook value|||||||||
|||At 31March|2022||720,543|25,397|8,141||1,449|755,530|
|||At 31March|2021||728,103|43,475|8,931||329|780.838|
|11|Investments||||||||||
||||||||||2022|2021|
||Market value||||||||||
||At|1 Apnl 2021|||||||399,644|341,239|
||Disposals||||||||112,954||
||Net investment||gains/(losses)||||||29,048|58.405|
||At|31March 2022|||||||315,739|399.644|
||Cost at 31March 2022||||||||31,146|141,146|
||Net unrealised<br>gains/(losses)||||included<br>in net||||||
||investment<br>gains/(losses)|||in|year||||29,048|58,405|





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|12 Debtors|||||||
|---|---|---|---|---|---|---|
||||||Charity|Charity|
||||||2022|2021|
|Trade Debtors|||||9,650|6,841|
|Amount<br>due from subsidiary|||company||150,837|95,367|
|Inter-company|Loan Provision||||(150.837)||
|Other debtors|||||169|168|
||||||9,819|102.376|
|13Creditors: amounts||falling|due within|one year|||
||||||Charity|Charity|
||||||2022|2021|
|Trade creditors|||||2,073|4,791|
|Other taxes and|social|security|costs||5 537|(370)|
|Accruals and deferred||income|||1.800|1.800|
|Other Creditors|||||2,667|3,941|
||||||12.077|10,902|





## 

|Deferred|income comprises|income|received|in advance.|in advance.|||
|---|---|---|---|---|---|---|---|
|||||||Charity|Charity|
|||||||2022|2021|
|Balance|as at I April 2021||||||2,235|
|Amount|released to income|earned|from chantable||activities||2,235|
|Atnount|deferred<br>in vear|||||||
|Balance|as at 31 March 2022|||||||



|Charity|Funds —current year|||Total|
|---|---|---|---|---|
|||||Charity|
|||Unrestricted|Restricted|Funds|
|||Funds|Funds|2022|
|Tangible assets||188,012|567,518|755,530|
|hivestments||315,741||315,741|
|Net|current assets|52„504|23,935|76,439|
|||556,257|591,453|1,147,710|
|Charity|Funds —prior year|||Total|
|||||Charity|
|||Unrestricted|Restricted|Funds|
|||Funds|Funds|2021|
|Tangible assets||179,357|601,503|780,840|
|Investments||399,644||399,644|
|Net|current assets|147,370|21,000|168,370|
|||726,35i|622,503|1,348,854|





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|Current year|Current year|||||
|---|---|---|---|---|---|
||||General|Designated|Total|
||||Fund|Fund|2022|
|||||f.|f.|
|Balance at|1 April 2021||326,707|399.644|726,351|
|Net income/(expenditure)|||(199,143)||(199.143)|
|Net investment||gain||29,048|29,048|
|Transfers|||112,954|(112,954)||
|Balance at|31|March 2022|240,518|315,739|556,257|
|Prior year||||||
||||General|Designated|Total|
||||Fund|Fund|2021|
|Balance at|I Apri!2019||285,127|341,239|626,367|
|Net income/(expenditure)|||41,579||41,579|
|Net investment||gain||58,405|58,405|
|Transfers||||||
|Balance at|31|March 2021|326,707|399,644|726,351|





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|17|Restricted<br>funds|||||
|---|---|---|---|---|---|
||Current year|Balance|Income|Expenditure|Balance|
|||I April|||31March|
|||2021|||2022|
||Cafe Refurbishment<br>Fund|148,250||(1,959)|146,291|
||Building Project Fund|411,434||(6,367)|405,087|
||Grou Together Fund|2,000||(2,000)||
||Moiler Trust Fund<br>Peter 0 Sullevan Suite Fund|22,386<br>1,040||(6,246)<br>(1,040)|16.140|
||Sports England<br>Fund|1,373||(383)|990|
||Youth Engagement<br>Project|15,000|||15.000|
||Digital Training<br>Fund|20,000||(20,000)||
||Teen Chill|1,000|||1,000|
||Sports Day 2021||1,700|(628)|1,072|
||Staff Salary Subsidy Fund||30,000|(24,977)|5,023|
||Yelloxv Brick Road||6,000|(5,150)|850|
||Community<br>Helpline<br>Fund||278|(278)||
||Total restricted<br>funds|622.503|37,978|(69,028)|591.453|
||Prior year|Balance|Income|Expenditure|Balance|
|||I April|||31March|
|||2020|||2021|
||Cafe Refurbishment<br>Fund|24,444|150,006|(26.200)|148,250|
||Building Project Fund|417.735||(6,281)|411.454|
||Groxv Together Fund|4,000||(2,000)|2,000|
||Moiler Trust Fund|24,737||(2,351)|22,386|
||Pctcr O'Su()evan Suite Fund|7,512||(6,472)|1,040|
||Sports England<br>Fund|5,857||(4,484)|1.373|
||Project Christmas||5,500|(5:500)||
||Youth Engagement<br>Project||15,000||15,000|
||Dtgita( Training<br>Fund||20,000||20.000|
||Hardship<br>fund||6,272|(6,272)||
||Teen Chill||1,000||1,000|
||Total restricted<br>funds|484,285|197,778|(59,560)|622.503|





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||||||Charity|Charity|
|---|---|---|---|---|---|---|
||||||2022|2021|
|Financial assets.|||||||
|Debt instruments||measured||at|||
|amortised cost||||||95,367|
|Equity|instruments|measured||at cost less impairment|||
|Instruments<br>measured|||at fair value||||
|through|the SOFA||||319,892|399,644|
||||||319,894|495,011|
|Financial|liabilities:||||||
|Measured|at amortised||cost||9,460|10,902|





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||||Unrestricted|Restricted|Total|2020|
|---|---|---|---|---|---|---|
||||Funds|Funds|charity|Total|
|||||||funds|
|||Notes|||||
|Income from:|||||||
|Donations|||223,266|197,778|421,044|190,873|
|Charitab/e<br>activities:|||||||
|Operation ofCentre|||36,135||36,135|136,231|
|Government<br>Grants|||41.268||41,268||
|Investments|||12,262||12,263|14,132|
|Total income|||312,931|197.778|310.710|341,236|
|Expenditure<br>on:|||||||
|Chart table acnvi hei|t||||||
|Operation ofCentre||6|271,351|59,560|330.911|331,025|
|Total expenditure|||271,351|59.560|330,911|331,025|
|Net gains<br>/ (losses) on investments||12|58.405||58,405|(32,714)|
|Net income<br>/ (expenditure)|||99.985|138.218|238,203|(22,503)|
|Transfers<br>between|funds||||||
|Net movement<br>in funds||10|99.985|138.218|238,203|(22,303)|
|Reconciliation offunds|||||||
|Total funds brought|forward||626,367|484,285|1,110,651|1.133,153|
|Total funds carried|forward||726,351|622.503|1,348.854|1,110,651|





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|Turnover||||2022|2021|
|---|---|---|---|---|---|
|Govenunent<br>Cnants||||38,942|41,268|
|Interest Income||||4|62|
|Investment<br>mcome||||10,689|12.200|
|Other Revenue||||2,537|1.065|
|Other Revenue - Donauons||||77,206|213.981|
|Other Revenue<br>—Restricted Donations||||37,978|197,778|
|Other Revenue - Tramers Pledge||||8300|9,285|
|Sales - BT||||900|806|
|Sales - Gvm Memberslup||||46.135|16,387|
|Sales —Hall Hire||||36,647|451|
|Sales - Office Rental||||10.000|10,000|
|Sales - Personal Training||||4.242|2.569|
|Sales - Racetit||||4,775|940|
|Sales - Room Ilire||||2458|3.917|
|Sales —Ticket Sales||||2.019||
|Total Turnover||||283,031|510,709|
|Cost ofSales||||||
|Cost ofGoods Sold||||1.909|377|
|Duect Costs —Hardship|||Fund|14|102|
|Direct Expenses||||360|2,500|
|Direct Wages||||6.702|6,904|
|Total Cost ofSales||||8,984|10,412|
|Gross Profit||||274,046|500,297|
|Administrative<br>Costs||||||
|Advertising<br>&Marketing||||8.026|4,815|
|Audit &Accountancy||fees||14,640|15,120|
|Bank Fees||||2,861|1,529|
|Cleaning<br>&.Refuse||||8.959|6,579|
|Consulting||||25.0013||
|Depreciation<br>Expense||||11A24|12.128|
|Depreciation<br>Fxpense||- Restncted||17,754|17324|
|Employers<br>National|Insurance|||13,095|5.."66|
|Entertauiment<br>-0%||||164||
|Entertauuuent-100%||busuiess||1,160|356|
|Equipment<br>Expense||||8,910|10.223|
|General Expeines||||2.693|2.016|
|Grants pmd||||135|4,885|
|Insurance||||8,631|8.212|
|Interest Paid||||78||
|IT Sotbvare and Consmuables||||3.866|3,016|
|Legal Expenses||||241|53|
|Licenses||||2,069|155|
|Light, Poiver, Heating||||14,166|16,791|
|Pensions Costs||||5,907|-1,377|
|Postage, Freight &Courier||||226|147|
|Printing & Stationery||||714|1,561|
|Proti:ssional fees|||||883|
|Racelit / Sporis costs||||||
|Rates &ivater<br>Internet||||1,958|3,912|
|Rent||||468|62-1|
|Repmrs &.Maintmiance||||10386|22,826|
|Salaries||||165,325|154,366|
|Sky/BT TV|||||275|
|StalT Expellses||||17||
|StatT Training||||703|1,-195|
|StatT uelfare||||2,008|1,383|
|Subscriptions||||-1,906|2,798|
|Telephone &||||14,079|13,139|
|Travel - National||||||
|Trips / events|||||370|
|Vending<br>Machine costs||||2,830|3.766|





## 

|HE RACING CENTRE LTD.|||
|---|---|---|
|Total Administrative<br>Costs|353,401|330,499|
|Surplus<br>/ (deficit) for the year|(79,3(5)|179,798|
|Other income|||
|Net Invessntent<br>gmn / (Loss)|29,0(8|58405|
|Total Other Income|29,0tg|58,405|
|Other Expenditure|||
|Inter-company<br>Loan Provision|150,837||
|Total Other Expenditure|150,837||
|Net movement<br>in funds|(201,143)|238,203|