2022-06-30-accounts - The Gillingham Community And Leisure Trust Limited

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

1	Administrative Infotmation
2-5.	Ttttstee Directors' Report
6 - 8.	Repott ofthe Auditors
9.	Statentent ofFinancial Activities
10.	Balance Sheet
11.	Statement ofCash Flows
12 - 21.	Notes to the Accounts

					Unrestricted	Restricted	Total	Total
			Notes		Fund	Fund	Funds	Funds
					2022	2022	2022	2021
						f		f.
INCOME AND ENDOWMENTS			FROM:
Donations, legacies and Charitable activities		gt ants		2 3	40,577 1,022,691		40,577 1,022,691	337,371 456,401
Other trading income Investment income				4 5	178,820 16	34,080	212,900 16	45,449 20
Total Income					1,242, 103	34,080	1,276,183	839,241
EXPENDITURE ON:
Raising funds Charitable activities				6 7	91,532 1,172,552	34,080	91,532 1,206,632	29,112 957,063
Other expenditure				7	27,710		27,710	16,710
Total Expenditure					1,291,794	34,080	1,325,874	1,002,885
Net income/(expenditure)					(49,691)		(49,691)	(163,644)
Exceptioual waiver	ofunsecured		loan	26	242,200		242,200
Exceptional debtor	write off			27	(60,000)		(60,000)
Transfers between	funds			25
NKT MOVKMKNT	IN FUNDS				132,509		132,509	(163,644)
RECONCILIATION		OF FUNDS
Fund Balances brought		fonvard		20	f3,751,772	825,000	f3,776,772	f3,940,416
Fund Balances carried		fotward		20	f3,884,281	f25,000	f3,909,281	f3,776,772

			Notes	2022	2021
				f.	8
FIXEDASSETS				4,335,675	4,473,117
CURRENT ASSETS
Stock			12	5,787	3,847
Debtors			13	195,318	131,392
Cash at bank and in hand				196,119	218,153
				397,223	353,392
CREDITORS:	amounts	falling due
within one	year
Creditors			14	(243,004)	(181,702)
NET CURRENT ASSETS				154,219	171,690
CREDITORS:	amounts	falling due
after more	than one year		15	(580,614)	(812,657)
PROVISIONS			16		(55,378)
NET ASSETS				83,909,281	f3,776,772
Representing:
UNRESTRICTED INCOME FUNDS
General fund			20	3,884,281	3,751,772
RESTRICTED	INCOME FUNDS
Restricted	funds		20	25,000	25,000
				f3,909,281	f3,776,772

	STATEMENT OF	CA	SH F	LO	WS FOR	THE YEAR ENDED 30JU	NE 2022
						2022	2021
CASH FLOWS FROM OPERATING ACTIVITIES
	Net cash provided by (used in)
	operating activities				a	(89,970)		9,325
CASH FLOWS FROM INVESTING		ACTIVITIES
	Interest received					16	20
	Interest paid					(6,242)
	Proceeds tiom the sale offixed assets
	Purchase ofproperty, plant and equipment					(50,471)	(72,702)
	Net cash provided by (used in)
	investing activities					(56,697)		(72,682)
CASH FLOWS FROM FINANCING		ACTIVITIES
	New borrowing					150,000		165,000
	Repayment ofborrowing					(25,367)		(93,000)
CHANGE IN CASH AND CASH EQUIVALENTS
	IN THE REPORTING PERIOD					($22,034)		f8,643
Cash	and cash equivalents at the beginning
	ofthe reporting period					218,153		209,510
Cash	and cash equivalents at the end
	ofthe reporting period					f,196,119		f218,153
NOTES TO THE CASH FLOW STATEMENT
	Reconciliation ofnet income/(expenditure)
	with net cash flow from operating		activities			2022		2021
	Net income/(expenditure) for the	reporting		period
	(as per the statement offinancial	activities)				132,509		(163,644)
	Adjustments for:
	Depreciation and impairment charges					186,819		184,530
	Dividends and interest (rom investments					(16)		(20)
	Interest payable					6,242
	Waiver ofloan					(242,200)
	Debt written off					60,000
	(Profit)/loss on disposal offixed	assets				1,093		77
	(increase)/decrease in stock					(1,940)		(98)
	(Increase)/decrease in debtors					(123,926)		(57,411)
	Increase/(decrease) in creditors Increase/(decrease) in provision					(53,174) ~55 378		26,147 19,744
	Net cash flow provided by (used	in)	operating		activities	(f89,970)		$9,325
b.	Components ofcash and cash equivalents:
						2021		2021
	Cash at bank and in hand					8196,119		f218,153

2.	VOLUNTARY INCOME	VOLUNTARY INCOME
								2022	2021
	Donations								35,000
	Grants - Public sector	(CIRS,CLRF, and			Covid-support)			40,577	302,371
								f40,577	8337,371
3.	INCOME FROM CHARITABLE ACTIVITIES
								2022	2021
	Leisure centre memberships		and admission		fees			1,022,691	456,401
								f.1,022,691	F456,401
4.	OTHER TRADING	ACTIVITIES
								2022	2021
	Caf6, shop and other	activities						205,664	40,416
	Rental income							7,236	5,033
								f212,900	f45,449
5.	INVKSTMKNT INCOME
								2022	2021
	Bank deposit interest							16	20
									f20
6.	RAISING FUNDS
								2022	2021
	Cafd, shop and other	activities		expenditure				91,532	29,112
								891,532	f29,112
7.	CHARITABLE ACTIVITIES
a.	Costs ofCharitable	Activities
						Direct	Support	Total	Total
						Costs	Costs	2022	2021
	Operation ofRiversMeet			Leisure Centre		1,050,525	183,817	1,234,342	973,773
						81,050,525	%183,817	81,234,342	8973,773
b.	Support Costs

arity to carr	y out its activities. They are made up as foll	ows:
		2022	2021
Management		69,985	63,655
Finance		16,128	7,856
Central office expenses		93,321	34,997
Governance	(audit and accountancy)	6,301	8,305
		8185,736	8114,813

		2022	2021
Charitable	activities	183,817	113,514
Other trading activities		1,919	1,299
		f185,736	8114,813

This is s	tated after charging (cr	editing):
			2022	2021
Depreciation			186,819	184,530
Auditor's	remuneration		4,000	4,000
Accountancy setvices provided		by Auditor	2,301	4,305
9.STAFF	COSTS
			2022	2021
Wages and salaries			640,613	543,775
National	insurance		30,313	23,031
Pension	contributions		8,396	7,100
			$679,322	f573,906
Average	number ofemployees:	Leisure Centre	58

The total offuture minimum lease payments under non-canc	ellable operating leases wer	e:
	2022	2021
Not later than one year;	4,279	2,400
Later than one year and not later than five years;	80,192	9,000
Later than five years; and	110,625
	195,096	11,400

			Freehold	Freehold
			~P		E~ui ment	Total
COST
At I July 2021			4,962,134		1,054, 177	6,016,311
Additions					50,471	50,471
Disposals					(5,881)	(5,881)
At 30 June 2022			4,962,134		1,098,768	6,060,902
DEPRECIATION
At 1 July 2021			1,106,051		437,143	1,543,194
Charge for the year			106,590		80,229	186,819
Disposals					(4,787)	(4,787)
At 30 June 2022			1,212,641		512,585	1,725,226
NET BOOK VALUE
At 1 July 2021			g3,856,083		8617,034	g4,473,117
At 30 June 2022			I3,749,493		8586,182	84,335,675
12.STOCK					2022	2021
Stock - caf6 and retail					5,787	3,847
					85,787	f3,847
13.DEBTORS					2022	202 1
Trade debtors					24,778	64,236
Other debtors within	one year				4,320	11,206
Other debtors falling	due atter one year					50,000
Prepayments and accrued income					166,219	5,950
					$195,3]8	6131,392
14.CREDITORS: Amounts			falling due within	one year	2022	2021
Loans					121,155	25,367
Trade creditors					49,841	21,549
Other taxes and social		security			12,558	8,091
Obligations under finance			leases		7,912	45,793
Other creditors					2,583	7,918
Accruals and deferred		income			48,955	72,984
					8243,004	8181,702

CREDITORS: Amounts falling after more tha	n one year
	2022	2021
Obligations under finance leases		7,912
Other creditors	144,408	155,185
Loan account	436,206	649,560
	f580,614	f812,657

			2022		2021
Brought	forward 01 July 2021		55,378		35,634
Provision	made in year for income reclaims				24,569
Provision	used in year		(55,378)		(4,825)
Carried forward 30 June 2022					55,378
DEFERRED INCOME
		2021	To SOFA	Movement	2022
Creditors	less than one year	44,794	(22,764)	8,947	30,977
Creditors	greater than one year	153,343		(8,947)	144,396
		f198,137	(822,764)		8175,373

Fund balances at 30 June 2022 w	ere represented by the follow	ing assets and lia	bilities:
	Unrestricted	Restricted		Total
	Funds	Funds	Total	Funds
	2022	2022	2022	2021
Tangible fixed assets Current assets	4,335,675 372,223	25,000	4,335,675 397,223	4,473,117 353,392
Current liabilities	(243,004)		(243,004)	(181,702)
Long term liabilities Provisions	(580,614)		(580,614)	(812,657) (55,378)
	J3,884,281	f25,000	f3,909,281	f3 776772

			Unrestricted	Restricted
			Funds	Funds	Total
			2021	2021	2021
Tangible fixed assets Current assets			4,473,117 328,392	25,000	4,473,117 353,392
Current liabilities			(181,702)		(181,702)
Long term liabilities Provisions			(812,657) (55,378)		(812,657) (55,378)
			63,751,772	f25,000	63,776,772
FUNDS
		Balance 30.06.2021	Income	~ECh	Transfers ~C....hh	Balance 30,06.2022
Unrestricted funds
General fund		3,751,772	1,484,303	(1,351,794)		3 884 281
Restricted funds
Community facilities		25,000	34,080	(34,080)		25,000
		f3,776,772	81,518,383	(81,385,874)	8-	I3,909,281
oses ofRestricted Funds
Community facilities
The charity is responsible	for	the provision	ofcommunity	services
COMPARATIVE YEAR -FUNDS
		Balance 3C.CC.2C20	h	~E* Ch	Transfers ~S2h	Balance 30.06.2021
Unrestricted funds
General fund		298,064	839,241	(818,278)	3,432,745	3,751,772
Restricted funds
Leisure Centre refurbishment		3,642,352		(184,607)	(3,432,745)	25,000
		f3,940,416	f839341	(81,002,885)		X3,776,772

					Unrestricted	Restricted	Total
			Notes		Fund	Fund	Funds
					2021	2021	2021
					f,
INCOME AND ENDOWMENTS			FROM:
Donations, legacies and		grants		2	337,371		337,371
Charitable activities				3	456,401		456,401
Other trading income				4	45,449		45,449
Investment income				5	20		20
Total income					839,241		839,241
EXPENDITURE ON:
Raising funds				6	29,112		29,112
Charitable activities				7	772,456	184,607	957,063
Other expenditure				7	16,710		16,710
Total Expenditure					818,278	184,607	1,002,885
Net income/(expenditure)					20,963	(184,607)	(163,644)
Transfers between	funds			25	3,432,745	(3,432,745)
NET MOVEMKNT	IN FUNDS				3,453,708	(3,617,352)	(163,644)
RECONCILIATION		OF FUNDS
Fund Balances brought		fotward		20	f298,064	f3,642,352	f3,940,416
Fund Balances canded		fotward		20	Z3,751,772	f25,000	f3,776,772