868510 THE GILLif4GHAM COMMU141TY AND LEISURE TRUST LIMITED rATEMEKf OF ACCOUNT FOR THE YEAR ENDED30 JUNE 2023 CONTENTS Pa Administrative InfoThation 2 - 5. Trusttt Directors. Report 6 - 8. Report of the AuditOTS Statement of Financial Aciivities Balance Sheet Sratement of Cash Flows 12 - 20. Notes to the AccouDts 10. •ACZVbK9T" 17 COMPNNES HSE FLETCHER & PARTNERS CHARTERED ACCOUNTANTS SALISBURY
THE GILLif4GH NITY Af4D COMPANY INFORMATION Dlreetors: MT P D Silvtster CBE (Chair) Mr M B Chapman Miss L Day MT R H Messer MT G C Pledger Mr M Walden MrSCWard MsLMWild Appointed 23 January 2024 Appointed 23 January 2024 Appointed 10 May 2023 Appointed 10 May 2023 Resi)ed 25 October 2023 K¢y Mgn#g¢ment Personnel Mr A Wai51el]Nr J Pa Mr J Panylms L Westby Mr W Magee General Manager Operations Manager Finance Mana#er Regi$t¢r¢d Riversrnect. HaTdin8s Lane, Gillingham. Dotset. SP8 4HX Advi5er$: Bankers Lloyds Bthk plc Accountants Fletcher & Pattr¢rs, Crown Chamber& Bridge Stseet. Salisbury SPI 2L2 Soliciiors Wilsons LLP. Alexandra House. Si Johns Sire¢ SalLsbury SPI 2SB Company Number: Re8i5tered Company Number 06868510 Charity Iyurnber: Rc8L5tCr Charity Number 1138571
THE GILLINGHAM COMMuNrrY LEISURE TR TRUSTEE DIRECTORS. REPORT FOR THE YEAR EPIDED 30 JUNE 2023 LIMrrE The Trusitt Director5 Ih•EiDafter TefeTTed to as Trustc¢s) pr¢5¢ni thE Annual Rewi and Accounts for tb¢ YUT ¢nd¢d 30 Jvnc 2023. which hav¢ been prepared so as 10 CCATlY with the pro$1n$ of the Companies Act 2(K)6, the Chariiies Act 2011 and Accounting and Reporting by Charliies". Siaitmcni of Rccornmend¢d Prnciice applicable 10 Charities preparing their accounts in accortsnce wilh Ihc FinarKial R¢p)rEing StaTOard applicabl¢ in the UK and Republi¢ of Ireland IFRS 102) (effective l January 20191. srRucfiiRL GOVERNANCE AND MANAGEMENT The Charity is a compatsy limited byBuarnrbice. li was irKortknaied in Eland on 3 A1 2009. The company w re8lStered &% a Charity with th¢ Charity Commission on 26 (kicthr 2010. Th¢ Cowy Ih¢reinafteT r¢f¢d to as the TTU$I QT Ch8riry1 1$ opetaied by its TDAstees Ivho meet penthliully. NewTnLStees are Teen]ited from among people who have ath inTe$i in furthering the aim5 of the Charitywiih 8 vi¢wto ensuriDg that 811 the rrttt55ary COTryt¢n¢iEs 8T¢ represented thIn th¢ irusrtt body. BACKGROUND TO FORMATION OF TJIE TRU&T, ITS ACTIVITIES AND ORWECTIVES Th¢ Chanty is a subsidiary ofThe Thrtt Rivers Partnership. a community partnetshsp for GillinghaTh and d surrounding are• ofNorth Dotsei. The Charity w&% cstabli5hed to injtially manage the redevelopment and ¢onstrnction of the Rivetsmeel C¢Thtre in GilliDsha 1¢h was Teop¢ned in Augusi 2010. A SUMMARY0FTHEo8Cfs OFTHE CHARITY ASSETOUT IN ITSCOVERNING DOCUMENT Thv ChariW$ objects are.. Ihe protwion for lh¢ public b¢nefii of commut)iiy partLCtpaiiJn in healihy Tecmiion for Ihe bentfii of th¢ inhabiianis of Gillirtgham. Dotse( and the 5urrouThdin8 areas in particular the provision of facilities for swimtninK, ba$keiball, badmJt)ron. naball. indoor hockey. five a side r(N)Ib811. gymrtrasiKs and fkiness exercises and suth th¢r chariiable healihy Tecreaiional stK)rrs oraciiTrrilics a5 the TnL5tecs shall from rim¢ io rime dete10¢, and such oiheT lawfijl charitsble pyrp05cs fw the public b¢Th¢fLI as the Trustees shall from lime to lime deierniine. SVMMARY OF MAif4 ACTJVJTIES OF THE CHARITY IN RELATION TO ITS OBJECTS Tht Charity op¢rdles th¢ RIr5m¢¢I C¢ntye in Gillingh•m {op¢n to paylng cusionrs SLn¢e Augu$1 20101 Ihe new RJ"v¢rsMe¢t P¢rfornwn¢¢ {in¢ling Space Infiatorsl site (owi io payirtgtust0ts frotn July 2022}, both in Gillingh&m, NoTth Dorsei. The Charity conrinues t0PT0de the publjc with facilities for ex¢rcis¢ and a¢tiv¢ly pronw¢s the benefjts of a healthy lifestyle, secing its¢ifas providin¥ a ¥¢tal service as a communily hub. The Chanty 15 rnanaBcd on a s¢lf-5UStaining basis. li openies a café M knth siies and sells a selection of SMMIng T¢lat¢d itcms ai thc Riversmeel Cenire. PUBLIC BENEFIT The Iru$rees Confurn Ihat th¢yhAV¢ ¢oniplicd with the &Jry in Sttiioti 17 {5) of the Charities Act 201110 hav¢ regaTd ro Ihc public t¢nefii Buidanct published by the Chariry Cornmission. Spccifiully. trustee5 ¢ortsider thai the facilities for recrea1ll and Itisure will be a¥aiiable to all merrkn of IhB commufiity. TRATEGIC REVIEW ACHIEVEMENTS APID PERFORMANCE OF THE CHARITY 2022-2023 w8s • yeaT characterised by cornnwial challeng¢5 and signifJc•Tri ftw1len¢e tn ihe Charity's senier lea&Tship team. Following the fragmented trading as a rcsult of Ihc'COVID ytaJs'1202(k221 the Chatity rnade streDU¢)us ¢fforts lo ount ILS Co]r¢r¢i1 rrcovcry. During 2021-22 the BoaTd of TDJstets suffered a peri of sigThificant disruption with s¢veral ¢xperienc¢d s¢S leaving- this ttsulted in 8 petithl when the Charity's 5cnior IcadcTS were Icss well supported than hitherto. A5 a resuli of ihe loyalry of rNJr methtslusEr3. our key rol¢ a$ a wmunityhub. and enetgeiic leadership. it bas become evident that ihe Chariiy's mediUter tmspects wer¢ associated with wwth rather than purely survival. An energdi¢ new Genetal Manager was apwinled in September 2022 by a rrtwly <0$11¢1ed Boatd of Tnksiees whith rapidly 50u8ht 10 en$ure thai il was well-iDform¢d and cap¥bl¢ of extrcisirtg its Str8iewc fvnctiotL8 appropriately. For sernI monih5 the n¢w BoaTd'5 a¢tiViri¢5 wcr¢ characlerised by a) playing'catch up. in terTt* of new l¢arning and bl agrceing and framing the Board's corporate processes and pts¢tite. The Charity has in Te¢enE year5 focused ils activities on ensuring ihai the qualily ofsejvice and equipmtnl that is offered lo Ilie Il1 cummuniiy 15 of The hlghe$T standards. Alongside Ihe Kovernmtnt'$ (Awid Yaccination programrne. rhc whol¢ J5iness has demc4Jsrrared a reM1bIt rethjm 10 p(Dd nwrthr5.
THE GILLINGHAM OMMUNITY AT4D LEV TRUSTEES, REPORT FOR THE YEAR ENDED 30 Juf4E 2023 TR IMJTED ACHIEVEMENTS AND PERFORMANCE OF THE CHARITY (tolllinued) The Board has.. L¢d Ihe d¢velopmeDi of a MO prof¢ssional approa¢h to the pra¢ii¢¢ of recwiting and selecting new stsff. Agrvd a ncw staffJn8 strncfte with the General Manager (and this bas involved the appoiDtment of the tlew position of D¢puty G¢n¢ral Manager). Support¢d the fjeneral Manager ID appointing a nutnber of o¢w Duty Managers in order to replac¢ staff who h8ve departed. Success1]Y navigaod through a period of challenging corporaie govem8nce. In planning for the future in order to 8row the or8ani58tion as a mor¢ sewre route to eDsure sustainability, the tThstees have.. StTaiegi¢ direction.. agreed ro a) redouble our efforts ro &em the losses ai OUT second sile ('Space InFlaiers'l. b) pursue our solar array with Conrad Ener8y to provide some 6Wo of our ele¢tri¢ity Jn the futuie, ¢) Continue to devote OUT short-tenn Strategic effort5 to ensu that the launch of our second gym happens In a limely and ¢ommet¢ially astuie manD¢r and d) io r¢vi¢w at)d replace our lapsed Bu5ine55 Plan 2015-21 in the Goming year Developing community relationships: Strenbe1 our relationship with Gillingham Towil Council (including Tnaking a presentation to the full Town Council on 24 July 2023). strengthened our relationship with Dextra throughout the consttiLciion projecl and developed a productivc comTnercial ttlaiionship with Shaftesbury Town Council {through offerin8 consulthn¢y 10 manag¢ Shaftesbury's Lido foi Ihe 2023 sumrTLer season. from March 2023 onwards), so produ¢ing a new in¢onx str¢am New Gym.. obled full planning permission lo support the more extensive us¢ of our second sJt¢, ai Sp2ce Inflater5 Iwiih Dextra as landlord5) which 15 haying a large extension ¢onsiN¢ied by D¢xira which is due for completion in autumn 2023. We continue lo plan for the launch of a new staie-of-lhe-art Strength 8nd ConditioThin8 Gym in our new building. Finance.. succ¢ssfvlly applied fora new ¢onsolidad loan (this 4ctivtty Wds effectively led by our Finance Manager) from the Social Investmen¢ BoaTd to supw)rt expendirure on our new Strength and Condiiioning Gym (£169,950- to be repaid by 2028) and 5UCCCSsfully applied to Dorsei Courteil for £57.456 Seciion 106 fundin8 (in partnership with Magna Hou5insl to support continued improv¢m¢ots ai our base sile. Re-imaginin8 Space IDflaters.' Our second site {'Spa¢e Inflaters,) continues 10 lose money, despiie Si1ficant Te- or8anisaliort, operational Changes artd reducDons in staffin8 in order to reduce thcse losses. After many InthS of trying diffeTenl ways forward. Ihe Iru51ee5 have tsken the decision lo re-house Gymnastics (which is a successful and growing area of the business) at the second site from September 2023 onwards. Promoting GP Referrdls.. supported the G¢neral Manager and the Fitness Manager in promoting the use of our community leisure centre for a gron8 number of GP Referrdls. in partnership with l¢xal GP practices and ¢ommuniry health professionals. TIMS is an impornant aspect Of our role in PrODting posiiive physical and Tnental health togeth¢r with the development of a new iDcoIne Streém for the busin¢ss (with over 40)/• of GP referrals becoming members). In order to ¢ope wilh the continuiDg implicatioDs of the Covid pandemic. the energy crisis and the current inflationary pressures, tNsiees (stecred by the General Manag¢r} have: Introduced an ener sur¢harg¢ payable by all members from NoYembeT 1st 2022 Supported th¢ reduction of our tntrgy consumption by almost 41P/( os a tesuli of active management (with the GeneTal Manager championing this) and the inrrodu¢Lion of further ener8y saving equipment (e.g. the instsllation of 4ih generation LED lighting eie.). Continue to purchase our energy al the best p)ssible market rdtes through our energy broker {oui' General Manager and our Finance Manager are particularly focused on this vital areal. In parall¢l, w¢ are having a large solar array installed {in patheiship with Conrad Energy) 50 that we can tske ad¥aniage of predictable and cheaper ¢nergy from o susiainable source, 8Oln8 forwards. wing a Power Pur¢hast A8reemEnt (PPAI. This installation will be ¢ompl¢tcd in JulylAuBUSt 2023.
THE GILLINGHAM COMMUP4TfY AND LEISURE TRUST LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 30 JUNE 2023 NATURE OF THE GOVERNtNG DOCUMEKf AND COP4STrrtmop4 OF THE CHARITY The Charity LS ¢onsiiNied as a company limited by guaTaniee and is therefore governed by a rnemorandum and articles of a550ciation. The directors of th¢ conyny are also tru5tee5 ofthe Charity. Eligibility for membership of ihe Chariry. and of the board of trnstees is governed by the [en)randyM and artlcles of association. The charity objects restrict the Charity io the operation ollei5ure facilitie5 for the benefit of Iwal res1det. THE METHODS ADovfED FOR THE RECRUITMENT AP4D APPOINTMENT OF NEW TRUSTEES Th¢ board aims to have a minimum of five trustees serv& ai any particular linK. Al least one Irustee Shall also bc a IT$t¢¢ of The Thr¢¢ Rivers Parnership. Dorsei_ The Board has developed a new process for selecting additional tntstees.. potential Thew tnjsiees are considettd for appointsnent after the eompletjon of 8 questionnaire and after they have had the opportunity to meet 811 the tnjstees infomjally. The Board then make5 a con5Ldered decision in tern of appointing new trustees who offer the Board added value. New Itustees are provided with irainin8 after they have been appointed tO8¢th¢r with a si8nificanL library of key ¢oniex¢ual documeniaiion. Due to a variety of factors (including the hnwlications of the COVtD pandemic together with a significant number of trust¢¢ resignations). the Board Wds not able to perfonn ils role as fjJlly as it would have wanted to during 2021-22. The Board now has a full tcam of trustees. the majority of whom were recruited during 2022-23. The Board has bccome rnuch more confident in its capacity to offer strate8LC direciiot). devtloping its own fOTporate sensc of identity during this formative period. The Board will contioue to improve its effectiveness and expects to strengtln lis Capaciry to offer appropriate Strategic support to ihe bSIneSs dring 2023-24 THE ORGANISATIONAL STRUCTURE OF THE CHARITY AIYD HOW DEcIsIof4S ARE MADE The Board of trusices rnects regularly on a monthly basis &$ a fvll Board with face-t&face meetings. The Board reviews the opeiaiion of the busirie&5. holding the General Manag¢r and his stsff to #ccount and lake5 all the key strategic and investment decisions as a corporate entity. The Board is inforn)ed by regular wnthlY reports from the General Manager and ihe Finance Manager and occasional staff presenlaLIOILS. The day-to4ay operation of the business 15 delegated lo the mana8emcDt team lcd by the Getteral Mana8er The company 1$ a $vb$sdiary cotnpany of The Three River5 PartnebIp, l)ors¢t, which is a charity that works closely with statutory, non statutory and oiher r¢pTes¢ntstional bodie5 to promole communily PaTti¢ipation in healthy Tecreatitsn. POLICIES OIY RESERVES The trustees have r¢solv¢d to est2blish rcservcs lo provide for fvture a¢tivitie& and the trusS have wide powers of inve5tm¢n¢. Th¢ rnajority of the Charity's reserves are represenied by fjxed assets following the developmeni of th¢ firsi RiversMe¢t Centre. IUSK The trltsiees have idetttified the rnajor ri5k5 affecting clwity aThJ regularly review these risks to ensure that the risks are managed effectiv¢ly by the ¢harity trustees and management. The tnLsiees ale actively managing the T15ks posed by the energy ¢TiSiS. the challenge of secltring the optimum operaiional etreetiveness foi both our Air Source Heal Pymps and our hoi water 5y5tem and the currenr inflaiionary piessures on busin¢55 {particuiarly in relation to wage inflation and loss-msking actiwties at 'Spa¢e Inflitets.). FINANCIAL REVIEW The ¢ompany reeeiyed income of £1,531,57812022". £1.276.183). th¢ v8s1 m&joriry of 1¢h was membership Ind admission fees from users of the Riwersmeet Leisure Centrc. and in 22123 the Space LnflatOT5 site a150, of £l.158,33l (2022.. £1,022,690. Incom¢ from the Cafes on both sites in 22r23 wa$ £345.037. (2022.. Riversmeet only £205,664). The company Incurred expendilure of £1.679.22512022.. £1.325.874). The company ha5 recorded a deficil of £147,647 compared to a d¢fJ¢it of £49,691 for ibe pr¢vious year. Ibe increase due t(Tr ire&Sed.tRff and energy costs. Its both years there were operating surpluses b¢fore depreciation charges arc rtCOEnised. The cor1¥nY had nei assets al 30 Jun¢ 2023 of £3.761.634 (2022= £3,909281). Cash * 30 JUT 2023 w £41,950 compar¢d with £196.119 in the prior year.
THE ILLINCHAM MMUPIITY AND LEI TRL'sfEES' REPORT URE Tru ED THE FUTURE The Trust¢es are excita at the proSpts for growth in the immediate ll¢. Thè new Board of trustees has 8 strongmix of different tal¢nts, a mor¢ ¢fftctiv¢ undtTStanding ¢)f ¢QTP)rote gownallee and deal of ¢nthu5iayn) 10 gw)orr GCLT and its interuts. goTng forwards. Th¢ Board is focused on.. Continuing to develop our individual and Collective undeptstandin8 of the opeiational functioning of the busine33 in order to contribute io GCLT'S thTther succes$ Ind offer the otwislltson the imaginative stsxte8iC guidance and ov¢Tsight which it needs. 2. Sthgth¢Tring the Board of TrSt3 fijrther through th 8ppointmertof tn with complementary skill s¢ts ond ¢xperieDce. on a needlcd knis 3. Getting to know the leadership team ofkeystsff. sweningthem and yupporting 4mu¢h Stri)ngtr emphasis on tsrg¢ted training in a coheTeni and ¢clate manner. 4. ConsolidatiD8 and maiThtaining the fthic of all that GCLT nwiagt5 (e.& in5ts11ing LED lighting througho both 5itel, PTo8f¢55ing th¢ plallned solor arny aiThe Rivetsmeet site). drtviog our energy eonsumptiort down And enJuritt8 that vitsi ¢quipmeDi (e.& ourAir sour Heat Pumps [ASHPsl, the rernot£ manasement of our ASHPS, OUT hot w4teF System) is working efficient]y with suitable arrenganeftts fty rnaintewnce involvi xpecialist t¢dmieal $upporL S. Working iowards th¢ Su¢¢¢5$ launch of ow new sttsof-th¢•art StruBth 8j Conditi(ming Gym and SUPPDfting thc Grn¢ral Manager who is arting &s the project tnanagw of this imwrtant initiativ¢. Improve marketing in pom¢Tship with ¢ornmuDity organisatiw4 Gillin&h8m Town Council. lo1 enwloy¢rs ets. Maximise all oppommities for cross-marketing ai both sit&%. 6. IrnpTovin8 communication and rnarket(ng inparbJ¢rship with wnrnunty akeholders. GilliDgkn Town Council, Gillingham School. Ioc41 ¢rnployeT5 (esp. D¢xtra) ¢tc. Marimise 811 opportunities r cross-m8JketTng 4¢ both sites and consider the need to ¢Qrnmi$5iOD ternal Tnarketing Wn5uItcY for the lauth of our matf-theart Strength and ConditiODin8 Gyrn. AccouNfiNG AND REPORTING RESPONSIBELITIFS Chuity law requires the Trustees to prepare finCial stslEnts. for each financi p¢riod in acwnknce with applicable law United Kirt8dom Genejtlly AeceWEd AccouDtin8 Ptice {UK GAAP) I1¢h give a true and fatrview of tt)e fJnancÉal adiviii¢s of the wnyny during the y¢ar ond of its financial position at the end of the period. In pr¢paring those StateMls. the TNstees are reqUId to: l) Selec¢ suirable OUnn8 polici#s thnd then P]Y th¢m ¢on$istently. 2) Make judg¢menis and ¢5tirnat¢s that e reasonabl¢ and prudon( 3} Stst¢ ¥Yh¢ther applicable ¢ounrin8 Standd5 uDd statcmellts ofmrnme4Jded prn¢tice have been followei 5ubj¢ to any departures disc1ts5ed and explained in thE fin8DciaJ 5tstemeDrs.' 4) Prepare th¢ 0nts on a goiTTrg concun basis unle4 i( is inappropriate to •Sswne that th¢ company will conlinue in operation. Th¢ TrWIt 8T¢ wn8ibk for keeping adequate artl8 records which disclose wtth re&sonabl¢ a¢¢Thcy at uny time the financial position of the company at which ¢Trabl¢ them to ¢nswe that the financial swernents comply with the provisions of th¢ Companies Act 2006. They are Also responsible for5afeguarding th¢ of the ¢h8rtty and hence for tskin8 reasortable steps for the prevention ddection of f¥wJd and other trr¢gul¥riW. The Tnfftes confimi tha4 $0 far py they are awa. th¢T¢ is no relevani audtt intsnYAtion of which tlie ¢on)panls auditors are unaware: and each Trustre h&8 taken steps whi¢h h¢ OT sh¢ ought To hive taken &$ a Trustre to mhkè himself or herself awar¢ of any relevant audit infomiation and io esthblish that the eompattys au4itQTS ar¢ awar¢ of that infom)Btion. This report has been prepared in a¢cA)rdce with the sp¢cial pmw$ions of Pirt 15 of the Companies Act 2006 relating to small cDmpaDiBS. SiÉll¢d On b¢half of th¢ TnJStees: App oyed by the Trustees on Mr P Silyeater CBE
THE CILLif4GHAM COMMUNITY AND LEISURE TRUST LIMITED INDEPENDENT AUDITORS, REPORT F THE GTLLINGHAM COmMtJlYy & LEI TO THE TRUSTEES URE TRUST IMITED Opinio Wt have audited ihe financi81 Slents of The GilliTr8ham Cornmunity and Leisure Trust Lirnited (rhe'charity") for th¢ year ended 30 Junc 2023 which ¢ompTise the StatemeTht of Financial Activities, Balance Sheet. the Cashflow Staiement, ajxl notes to the financial siatements. including a sununary of si8nifJcani accounting policies. The financial reporting framework thai has been applied in their preparation is applicable law and United Kingdom Ac¢ouniirtg Stsndards. including Financial Reportin8 Standard 102." The Financial Reponing Standard applicable in the UK and Rqjublic of Ireland (Unlied Kingdom Generally Accepted AecouThting Practi¢e). Ill our Opinio the financial stsiemenis: i) give a true 8t fair view of the Sta of ihe Charity's affairs at 30 June 2023 and of its incon* ad expenditsjre for the year then eDd¢d- Li) havc been properly prepared in 8¢cordaAte with UDiled Kingdom Generally Accepted A¢¢ouniing Ptacti¢¢," Lll} hav¢ been prepared ID accordance with the r¢quirements of the Con¥ani¢s Aci 2006. B9$ for oplnlon We conducied our audil in accordance wrh InterTkational Standards on Auditin8 (UK} {ISAs {UK)) and applicable law. Our responsibilities under Ih05e standards are funher described Ln the Auditor'5 r¢5ponsibililics for the audii of the finarKial stalemetjts sectjon of our report. We are independent of the Charity in accordance with the erhical requiremen15 thai are relevant to our audit of the financial statemenis in ihe UL including the FRC'S Eibical Standard, and we hav¢ fvlfilled our other ethical spOnSIbl1l1L¢s in a¢cordan¢¢ with ihese requiremenr5. W¢ b¢li¢v¢ Ihat the audit evidence we have obtsined is sufficient and appropriaL¢ to provid¢ 8 basis for ouropinion. Material ¥etTt#lnty relgted to going concern Wc draw 3ttcnlion to Notes la and 24 to the fmancial statemertts. irt which Trustees indicate that a material uncenaittty exists as to whethEr the cotnpany rnay b¢ able io continu¢ as a going concern. Our opinion is not mcrflified in respeci of this mattcr Other information Th¢ rwsiees are respovsible for the other infomlaiion. The oiher 1nftlrntI0n comprises the inf0Mli0n included ifi the annual report he1 than the financial stalements and our audiiof's Teport thcreon. Our opinion on the financial statements does not Cover the other information and. except io the extent otherwise explicitly suied in out t¢port, we do noi express any form of assuraTKe conelusion thereon. In Connection with our audit of the financial starerncnts. ourre5PODSibility is to read the other information and. in doing so, ¢onsid¢r whether rh¢ other information is rnateri8lly inconsistent Wlih ihe finin¢ial statements or our k[Wledge obtaioed LIJ the audil or otheTwise appears to be m2ierially Misslal_ If we identify such material 2nconsistertcies or apparent rnalerial misstatements. we are reqltired to detennine whether there is a maierial miwoiement in Ihe fjnancial staternents or z maierial misstatement of the oiher infomthiiorb. If. based on the Work we have performed. we ¢oll¢lude thai ther¢ is a material usstaiement of this other information, we are requited to report tha¢ fact. We have noi]u"ng to report in this regard.
THE JLLINGHAM COMMUNITY AND LEISURE TRUST LIMITED INDEPEYDENT AUDITORS, REPORT TRUSTEES OF THE GILLINGHAM COMMUNITY & LEISURE TRUST LIMITED COTrITINUED TOTH Opinlon$ on oth¢r m*tters prescrild by the Companies Act 2006 In our opinson. based on the work undertaken in course of the audit.. i) the irtfoTrnation 8iven in the in]siee diTe¢¢ows' Teport for ihe financial year for which ihe flnancial stai¢ment5 are prepared 1$ Consistent with ihe financial slaternents.. snd ii) Ihe trustee directors, report h8ve beeo prepared in ac¢oTdm with applicablc le881 requirtments. Matters whleh we #re required to report by exception lrt the light of the kntswledgc 8t understanding of the Cbarity and its envkronrnent obtsinrd in the course of the audit. we have nol identified material misuateincnts itk th¢ trustee dÉrectors' report. W¢ have nothing to report in respect of the followin8 rnauers in rtlation which th¢ Companies Act 2(M)6 r¢quir¢s us to report io you if, in our opinion: il adequate acwunting rKords have not been kept or returns adequatr for our audii have not been received from branche5 noi vi51ted by li) the financial statements Tr)1 in agrtemeni with the accounting records and retunLS' iii} certajn dis¢losLwe5 of truslees, remuneration specified by law are not made. or iv} we have noi obtsined all ihe iTbformation and explanatioThs n¢s8ry for the purposes of our audit. Re5pOnslbllle5 of the tn15tees As explained mor¢ fvlly in the th]slecs' rc5PDnsibilities 5thtemcnt on pa8e 4, the trusiets are rtspon5iblt for the preparation of the financial ststements #nd for being Saiisfi¢d thai they 8lVt a true and fair view, and foi surh intemal control as ihey deierniine 1$ nectS5ary to tnabl¢ the Preparation of financial sraiemenis that are free from nmlerial mtsslatemeni, whether due to fraud or error. In preparing the finan¢ial stsiements. the irusiees are re$porLsible foT assessing the Charity's ability io coniinue as a going concem. disclosing. as applicable, maLt¢rs r¢lated to going concern and using the goiTh8 ¢on¢ern basis of accounting unless the dustees either intend to liquidate Ibe Chan"ry or to cease operations. or havc no 8]istiC alternative but to do so.
THE GILLINGHAM COMMUNITY AND LEISURE TRUST LIMITED INDEPENDEP4T AUDITORS, REPORT E TRUSTEES OF THE GtLLINGHAM COMMUNITY & LEISURE TRU CONT[ T LIMrrED Auditor's rtsponsibilities for the a•dit of the financial ststem¢nt$ OUT objectiVC5 are to obtain reasonable assurance about whether the financial Statements a5 a whole are frce from malerÉal misst3teTn¢nt. whether due to fraud or error. and to issue an auditor's report that include5 our opinion. Reasonable assurance 15 a high level of a5sufdncq bui Is nor a guarantee that an audjt ¢ondu¢ted in accordattce wih ISAS (UK) will always delect a maierial rnissraiemeE)i when it exists. MisatementS Can arise froTn fraj or error and art co]dered materthl if, individually or in the aggregate, they could reasonably be expected to influert¢e the econotnic dcci5ions of users taken on the bosis of th¢s¢ financial staiements. Irregularitie5, in¢luding frau are insnceS of non40nlianCe with laws and regulations. W¢ design prwedvres ID lin¢ OUT responsibilitie5. OUtli[d above. io deteci maierial Tnisstaternents in respect of irregularities. including fraud. The exieni to which our prOcvr¢S are Capable of detectin8 irregularities. including fraud is deiailed below. Our work on irtcome includes reviewin8 incorne st[ean for compleieness aThJ cul-tsff. which we consider gives good assurance over the accurdey of income and debtors in ihe accounts. Our work on creditors and ¢xpendtN is also consLdeTed Capable of giwng as5ufdnce that ¢osts ar¢ valid bwsiness expenses and included in the correct attountin8 period. Work on compliance wirh law5 and regulations is limited lo inspection of correspondenc¢ and eoquiry of management and so there are inhereni limitaiions in these audit pio¢edure$. A fvrther description of our resw)nsibilitie5 for the oudji of the financial 5tatemenis j5 located on the Financial Reportin8 Council's website at.- Iwww.frc.org.uklauditorsre5poDsibiliti¢sl. This d¢scriptiou fornjs part of our auditor's r¢port. This rtport j5 niade solcly to ihc Charity's rncrnber4 as a trY, in accordance with Chapler 3 of Part 16 of the Compattie$ Ad 2006. Our audit work h85 been undertaken so thai we mi¥ht slate to the Charity's Tlletnbers those matters we are required to state to them in an auditor's report and for no oihcr purpose. To the fulle51 extent perrnilted by law, we do noi accept or assum¢ responsibility 10 anyone other than ihe Charity's member5 as a body, for our audit worK foi this report. or lor ibe opinions we have forn. James Fletcher, Senior Siawtory Auditor for and ots behalf of Fletcher & Partner Chartered Accountants and Statutory Auditors cro Chambers Bridge Street Salisbury
THE GILLIN HAM COMMuyrrY AND LEISURETRUST LIMITED LIMITED BY GUABANTEE STATEMENT OF FTNAIYCIAL ACTIVITIES CORPORATINC INCOME & EXPENDITURE ACCOU FOR THE YEAR NDED 311 JUNE 2023 Unrestricted Restricted Fund Fund 2023 2023 Total Fund 2023 Totgl Fund$ 2022 Notes IIYCOME AND ENDOWMEJYTS FROM: Donatiork%. lega¢i¢s and grants Charitable activities Other trading income lThve5tmeni iDcome 9.803 1.158.332 363.191 253 9.803 l.l58,332 363,191 253 40.577 1.022.690 212.900 16 Total Income lJ31,578 ,531,578 1.276.183 EXPENDITURE ON: Raising frd$ Charitable a¢tLVitLes Other expendilure 154.022 1.517.621 7.580 154.022 .517.621 7.580 91,532 1.206,632 27,710 Toial Expenditsre 1.679223 ,679,223 1.325.874 Net irt¢omel(expenditure) {147,645} (147.645) 149.691) Exteptional walv¢r of uns¢¢ur¢d 10411 Exceptional rtebtor wrlte otr 242.2(M) {60.0(K)) NET MOVEMEf4T IIY FUNDS (147,645) (147.645) 132.509 REcof4CILIATION OF FUNDS Fund Ba13nce$ brought forward 20 £3.884,281 £25,(XXI £3,909281 £3.776.772 Fund BilarKes carried fonvard 20 £3,736,636 £25,(W £3.761.636 £3,909,281 Tbe results derive from continuing actlwlies aj there are no gains or losses other ihan those showi above. Th¢ notes on p3ges I1- 20 forni part of thes¢ a0115
Ezlo THEC LLIN FIAM COMMUNITY A DLE ITED BY CUARANfEE sr LIMITED COMPANY N MBER: BALANCE S No 2023 2022 FIXED A&SETS 4.375203 4J35.676 Srock tkbton Cpsh * bank and tn hqnd 12 13 10,913 23.248 41,930 5.787 195.317 196.119 76,110 397.223 CREDITOILS: lalling dwe within one y¢4r Creditors 14 (187.472) {IllJ61) 43,(rfM) NET CURRE ASSETS 154219 CREDrroiL8: amouuts f411iTrg due after mor¢ th•n one yur 15 ($0¥06) (580.614) PROVISIONS NET ASSETS £1,761.636 £3.909.281 R¢pTesenting'. UNRESTRICTED INCOME FUNDS GeneTal ffid 2(1 3,736,636 3,8B4281 RRICTED INCOME FUNDS R¢5trict¢d fimds 20 25.000 25.ocl £3.761.636 £3.909,281 The aecounts have been pr¢wed Tn *¢OTkn¢¢ with the 5PKta] provisi(ms of Part IS of the Companies Aci 2006 )rlating to srnajl companies. Approvol by the on 11 Ind sigled on thetr behalfby Mr P Silvester CBE TherleS on p4es I1- 20 form part of these accounts
THE GILLINGHAM COMMiiNfTY AND LEISURE TRUST LIMITED LIMITED BY GLTARANTEE COMPA.YY NUMBER: 06868510 TA EMEF4T OF CASH R THE YEAR ENDED J JUNE 2023 2023 2022 CASH FLOWS FROM OPERATING AcfiviTIES Net cash Provided by (used in) operdting a¢iivitL¢S 233,608 (89,970) CASH FLOWS FROM INVESTING ACTIVITIES Inteiesl rtt¢ived Interest paid Proceeds from th¢ sale of fixed assets Purchase of PToperty. plant and equipment 253 {12.430) 16 (6.242) (256,312) {50.471) Net cash provid¢d by (used irt) inv¢sting actlvllies (268.489) 156,697) CASH FLOWS FROM FINANCINC ACllVITIES New borrowing Repaynxni of bom>wing 150.000 (25.367) (119,288) CHANGE Ir4 CASH AND CASH EQUIVALENTS IN THE REPORTING PERIOD (£154.169) {£22.034) Cash and cash equivalents at ihe beginning of the reporting period Cash and ea5h equivalents at the end of the rryrtin8 period 196.119 218,153 £41,950 £196,119 NOTES TO THE CASH FLOW STATEMENT Reconclll4tlon of net Incomel(expenditurf) wlth net c$h flow from opergting A¢tivities Net irtotTI(expendiiure) for the reporting period (as per the statement olfinarL¢ial activities) Adjustments for.. Depre¢iaiion and impairnent Charges Dividends and interest from inveslmen Interest payable Waiver of108n Lkbi written off (Profiiyioss on disposal of fixed assets (Incr¢aseyde¢rease in stock (Increaseydecrease in debiors Increasel{deerease) in Creditors IncTeasel{decrease) in Pfovision Net eash flow provided by (used in) opewating a¢tiwties 2023 2022 (147,645) 132.509 215.053 {2531 12,430 186,819 6.242 1242,2(K)} 60,OCrt) 1,093 (1.940) (123.9251 153,1741 55,378 {£89,9701 1,733 {S.l26) 172,069 {14.652} £233.608 Cornponents of ¢4$h #nd easb equivltents: 2023 £41,950 2022 £196.1 l¢J Cash &1 bllnk tsnd in hDnd The not¢5 on poge5 11 to 20 forni part of th&%e accounts.
THE GILLINGHAM COMMUNITY AND LEISURE TRUST LIMITED LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE 2023 I. ACCOUNTING POLJCIES A. Basls of accounting The Accounts havE been prepared in accordance with Accounting and Reporting by Charities." Statemen¢ of Recommended Praclice applicable io charities preparing their a¢¢owits in a¢cordan¢e with the Financial Rq)orting Stsndard applicable in the UK and Republic of Iieland (FRS 502} (effective January 2019) and the Companies Act 2(X)6. Asseis and liabilities are initially recognised at hisiorical c05t or transaction value unless otherwise siaied in the relevant accowiting policy note5. Hoving rewewed tht finances of tht coThwny, 108tthtt with the cxpcc¢¢d on-going dcmand for service and future proj¢ct¢d ra5hflows. Ihc Trust¢¢s have a ieas0jb[C ¢xp¢¢tarion that there are adequate r¢soLWC¢S to ¢ontinu¢ Lts aclivilies for the foreseeable fijtywe. but re¢ognise thei¢ are material uncernainties in chIng ¢his ¢on¢lusion. Thi5 is explained in nKr¢ dethil in Note 24. Crltlcil attonng judgement$ key sourcu of e$dmtion uncertainty In the application of th¢ a¢counting policies. thc Tn]sttts are required to makt judgements. e5txmates. and assumptions about the carryin8 value of assets and liabilitie5 that are not readily appar¢nt from other sources. The estimates and und¢rlyin8 assumptions are based on his¢ori¢al experience and other factors that are conSided to be relevant. Acwal results nuy differ from these tSlimaie5. The ¢5timaos and uoderlying a55urnpfioTLS are reviewed on an ongoing basis. ReS1OnS to accounting estimate5 a recoEnise4 in the perithj in whi¢h th¢ estimare Js ffvised if the revision affects only that puiod, or in the period of the revision and fvwre periods if the revision aifecred ¢urMt and fvDJre periods. In the view of rhe TnJste¢s, no assumptions conccrning the fijturt or estimation uncertaitity affecting a55ets or liabilities at the balao¢e sb¢¢t dale arc likely to result ID a mate¥ial adjusts)x•)r to their ¢arrying amoLmts in the Dext financial year. Thr following accounting policies have been applied ¢onststently in dealing with itETTh% which ar¢ wn5ider¢d material in relation 10 the Company's financial stsiewnents. b. TAnglble Fffixed As$ets Capiial Assets are capitalised at ¢O$L Tangible fixed assets are drecIated on a strai8hi I¢ basis over their aniicipated useful C¢ODomic live4 U5in8 the following aonual rates- FTeehold PToperty General plant and equipm¢nt Hear exchanger and LED lighting RM2 quipment and building improvements 2Y• Straight line 25Yo reducing balan¢e 5•/• strdighr line IOry• straight lie Impainnmt reviews are undertaken to identify the Cawrying value of fixed is approptiate.
P13 THEGILLINGHAM COMMUNITY AP4D LEISURE TRuKf LIMITED IMITED BY GUARANTEE NOTES TO THE ACCObThTS OR THE O JUNE 202 c. Incornt All income is reco8nised on the receivable basis. unless ti is deferred. and is ex¢lwsive of VAT. Leisure centre membership subscriptions have bttn recognised in the peri that they are paid_ Jn¢owr* received th21 relates to fumre accounting periods Js treaied as deferred incomc and is treated as
liability- In¢otne 15 alloraicd to Ihe appropriate accouniing pcriod.
d. CrAnts •nd donat10115 Grant5 received are generally accountrd for using the'perfornunce, n¥)del. Grant5 and Don3tiot)s r¢¢¢ivable for Eenerdl prSe5 are credited io Unrestri¢ied Income wh¢n ¢ntitl¢m¢nt ari%5, the amount Can be quantified. aThJ wheD receipi is probable. Capiial grants are released over the life of the associa assets. Grants and donations for specifi¢ purpose5 are accountcd for as rcccivable and are tslaled as forniing resiri¢ied funds. e. Charitabk attivities Charitable expendire sball i]Ude all expeDditUTe direcily related to the objects of the Chatity. f. Expenditur EKpenditure is recognised on an accnjals basis as a liability 15 incurred. The Chariry is able to partially recover VAT and e¢OVerble VAT is reported &$ part of the exper1¢Ure to which it relaies. g. Pensions Employer pension contributions arc paid wider a defjned Contribution pension Scheme. The assets of the scheme are held separdltly. Contributions are chargd as expetlditute in the period for whi¢h th¢y bxome payable to the pension scheme. h. Gov¢rn8nce These cosis represent the costs incurred by the Chatjty in iespeci of management aTMI adrnini5trative expenditure and conwliance with stawtory and legal rquiremcnts. Fund A¢eountlng Funds held by the charity fall into the followin8 cattgories= Unrtstricted 8enerdl fvnd5'. These are funds which ¢an be used. at the discretion of the trustees, in ac¢ordan¢e with the chaii¢able objttts of the Charity. Restricted funds.. These are fijnds which Can only k used by the Charity for particular purptsscs. Rc5trictions aiise either when thcy arc Specified by the donor or when furtds tsised foi a specific purpose. The restriction 1$ Ihal the funds have to be speni on a specific projcct. It is the policy of th¢ board of trusi¢es ro ¢ar¢fully monitor the application of ihw fi5 in accordance with the r¢styictions placed on them. Fin*ntiAI In$trumtthts The Company only entets inio basic fiTLancial insm]rnents thai re5ulI in the recognition of financial assets and liabilitie5 like trade and other debtors and crediiors. and loans from third parties. L Stock Stock held comprises 80th4s beld for resale in the sIP and caiering supplies for the Cafe. These are recognised at rhe lower of c¢>51 and Thet realisablc value.
e 14 THE LING COMMUNITY AND LEISU LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31) JUNE 2023 TR T LIMITED 2. VOLuf4TARY INCOME 2023 2022 DoTMtions Gr¥nLS- Public sector 9,803 40.577 £9.803 £40,577 3. INCOME FROM CHARITABLE AcfiviTIES 202 .158.332 20 1,022.690 Leisure ¢entre memberships and admissir>n fee$ £1.158.332 £l,022.690 4. OTHER TRADING ACnVITIES 202 345.036 18,154 2022 205.664 7,236 C3fe, Shop and other activities Renial income £363,191 £212.900 5. INVESTMENT INCOME 2023 253 2022 Bank deposit interesi 16 £253 £16 6. RAISING FUNDS 202 154,022 2022 91.532 Cafè. slK>p and other a¢tivili¢s expenditure £154,022 £91.532 7. CHARITABLE ACTlVtTILS a. Costs of Chgritable Aetivities Direct Costs Support Costs Total 2023 Ttsial 2022 Operation of Riversmeei Lei$Lt Centre 1.306,173 £1.306,173 219,029 £219,029 £1,525,201 ,525,201 1,234,342 £1,234,342 b. Support Costs Thes¢ ¢oNsiiiute management and administrative costs which are irtUTred to enable the charity to cary out lis aciivilies. They are made up a5 follows= 2023 2022 Management Finance Central office expenses Governance (audit and accountancy) 83.099 19,091 109,356 8,084 69,985 16,128 93J21 6.301 £219.629 £185.735
THE GILLINGHAM COMMUNITY AND LEISURE TRUST LIMITED JMITED B Y GUARApifEE NOTES TO THE AccouKrs FOR THE YEAR ENDED 30 JUNE 2023 7. CHARITABLE ACTIVITIES b. Support Costs {Continutd) These costs have been allocated to the charity$ ¢hantable activitie5 al goVCrnan on Ihc blS of the usa8t of ihese rrsour¢es by th¢ Van0 3Ctivili¢s. as follows- 2022 Charitable activitie$ Other tAdin8 activities 219.029 183,816 1,919 £185.735 £219,629 ¢. OtheT Expenditure The charity Incyrt¢d strategi¢ planning costs of £6.750 relaiing to work on new irwme streayns and stilled a number of costs ioiallillg £830 associated with a proposed re51fucDJring {2022.. £27,710). 8. NET EXPENDITURE FOR THE YEAR This is stated after chawng (creditin8).' 202 2022 D¢platIOn Audilorfs remuneraiLon Accountancy service5 Provided by Audilof 215,053 4,250 3.834 186.819 4,000 2,301 9. STAFF COSTS 2023 2022 Wages and salarie5 Naiional insurance Pellsion coniribuiions 793,798 40.733 10.796 £845.327 640.613 30,313 8,396 £679,322 Average rtumber of employees.. Leisure Centre 66 58 No employees were paid £60.0(M) or higher in either year. Key managemeni personnel employee ben¢fits (including ErnployeT5 Nl and PeThsion) w¢rt £123,788 12022.. £110.4(x)I. Pension comrni¢mcnts outstanding ai the year ¢nd w¢[¢ £2.18812022.. £1.773) 10. OPERATING LEASES The toknl of future minimum le&se payments under t-¢I¢¢I1¥bIt operating leases WEre: 2023 2022 Not later Ihan one year. tAt¢r than one year and noi l*er th3n fjve year5. Later rhn five y¢a¢s,' and 7.570 99.362 88.125 195.057 4.279 80.192 10.625 195.096 Lease ymen¢$ re¢ognised a5 aD expense io year were £6.88312022.. £5.412).
THE GILLtNGHAM COMMUNITY AND LEISURETRusf LIMITED LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED IA. TANGIBLE FIXED ASSETS Freehold Pro Total COST Ai l July 2022 Additions Disposa15 4,962.134 1.098,768 256.312 (11.785) 6.060.902 256.312 (11,785) At 30 June 2023 4.962.134 lJ43.296 6,305.430 DEPRECIATION Ai l July 2022 Chaige for the year Dispx)sals ,190,522 99.243 534.704 115.810 (10.052) ,725,226 215.053 (10,052} 30 June 2023 1289,765 640,461 .930,226 NET BOOK VALUE At l July 2022 £3,771.6l2 £564,064 £4.335.676 At 30 June 2023 £3,672.369 £702,834 £4,375.203 12. oCK 2022 Stock- café and r¢rail 10.913 5,787 £5.78? £10,913 13. DEBTORS 2023 2022 Trade debtors Other debtor5 Within one year Othcr debtors falling due after one y¢ar PrcpayNKDts and accrued income 11,478 24.778 4.320 11,770 166.219 £23.248 £195,317 14. CREDITORS: Amounts f*Ulog due within one year 2023 Loans Trade crcdilors Oiher taxes and social security Obligations under finance Itasts Other crediiOTS Accruals and deferred income 78.160 32,373 17.558 121.155 49.841 12.558 7.912 2.583 48.955 r243,004 1.862 57,520 £187,472
THE GILLINGHAM COMMUNITY AND LEISURE TRU LIMITED BY GUARANTEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2023 T LIMITED 15. CREDITORS: Amounts f4lliDg after mor¢ than ont yur 2023 2022 Obligations under final lcases Other Creditors Loan a¢rount 142,294 359,912 144,408 436.206 £502,206 £580,614 The loan 3¢¢ount 15 made up of thrtt balances.. Nortb DoTset District Council interest free loan. f¢payable in equal instalmenis over 22 years. The rinal Tepayment due in 2039 but the arTangemenl was ieviewed in the ke of the COVID pandemic a1 repaynents resUnd in year. The rernaining balantt due after one y&qr is £193.750. Two unsecurtd loans from 3rx untelatrd party, repayable over S and 10 years r¢speciiv¢ly. Combined balance due after one year of £107,067. Balance of a Coronavirus Busine55 InterrupiLOrt Loan Scheme loan after one year of £93.393. L(tran repayable after more than five years £176.020 (2022: £189,478). 16. PROVISIONS 202 2022 Brought forwird 01 July 2022 PTOVLsion made in year for in¢ome reclaims Provi$ion used in yfdr 55.378 (55 J781 Catried forward 30 Jwie 2023 17. DEFERRED INCOME 2022 30.977 144.396 To SOFA {9.803) Movement 2023 25,572 142,294 Creditors less ihan one year Crediiofs gTeater than one year 4,398 (2,102) £175.373 (£9.803) 2.296 £167,866 Deferred income is comprised of income paid in advance for services in fijture years and grants deferred. either over the ILfe of the 18 assei Icapiral) or relating io ¢osts incurred in fufwe accouniing p¢riod5 Ir¢v¢nue). 18. ULTIMATE CONTROLLING PARTY The Gillingham Community and Leisure TnLSt Limited is a whtslly owned subsidiary company of The ThTec Rivers Partn¢rship Ibased in the UK in Gillingharn. Dors¢i- Charity RegistTation number 1106977 Company number 048017881 and is ultimately controlled by ihe tru5tee5 and mEmbers of that compatly. Its ¢)bjects ar¢ 10 promote the benefit of those who live and work in Gillingham and the sutrounding area, inLludirtg the provision of facililic5 ID the interests of social weltare tor recreation and leisure time occupation Copies of the coNolidated a¢count5 can be obtsined by WTiting ¢0 "Ve[SMetI. Gillingbarn.
THE GILLINGHAM COMMUT4rrY AND LEISURE TR IMITED BY GUARAKfEE NOTES TO THE ACCOUNTS FOR THE YEAR END D 30 JUNE 2023 T LIMITED 19. ANALYSIS OF NET ASSETS BETWEEN FU14DS Fund balan¢es at 30 June 2023 wert represented by the following assets 2nd liabiliti¢S.' Unrestricted Restricted Funds Funds 2023 2023 Totsl Funds 2022 Total 2023 Tangible fjxcd assets Current assds Current liabilitics Long ierni liabilities Provisions 4.375.203 51,110 (187.472) (502206) 4.375,203 76.110 (187.472) (502.206) 4.335.676 397,223 (243,(K)4) (580.614) 25.(hXI £3.736,636 £25.0(K) £3.761,636 £3.909.281 19. COMPARATIVE YEAR- ANALYSIS OF NET ASSETS BETWEEN FUNDS Fund balances at 30 Jun¢ 2022 were represented by ihc following ass¢rs and liabilities.. Unrestricted Restricted FuDds FuDd5 2022 2022 Totsl 2022 Tan8ible fix¢d assers Cwreni assets Current liabilities Lon8 iemi liabilities Provisiork5 4.335.676 372.223 (243.004} (580,6I4} 4.335.676 397.223 (243.004} (580.614) 25,000 £3.884.281 £25.¢XK) £3.909.281 20. FUNDS Balance 30.06.2022 Itwme Balanc¢ 30.06.2023 Ex enditure Transfers Unre$¢ri¢ted furtds General fund 3.884.281 1.531.578 (1.679.223) 3,736,636 Restricted fund$ Conununity faciliiie5 25.INNJ 25,0 £3.909.281 £1.531.578 {£1.679.223) £3,761,636 oses of Restricted Funds Community faeiliiies The chariry Is resp)nsible for the provisiott of ¢onwwnity services COMPARATIVE YEAR- FUNDS Balan¢e 30.06.2021 Balan¢¢ 30 06.2022 Income nditure Tran5f¢r5 ijnrestricted funds General fund 3.751.772 1.484.303 (1.351.794) 3,884.281 Resirlcttd funds Community facilities 25,(M)O 34.080 (34,080) 25,000 £3.776,772 £1,591.578 (£1.733,803) £3.909,281
THE GJLLINGHAM C MMUNITY AND LEISURE TRUST LIMItÈD tMITED BY GUARA Tr•TEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30JUNE2023 21. TRUSTEE REMUNERATION & RELATED PARTY TRANSAcfioNS No tnJsl¢e or person related to Ihe ¢hariry had any personal interesl in any wntract or transaction entered into by ihe charity during ihe ptsi0 nor receiv afty remunerdlion. However. a director of the charity is also a mcmbcr of Shafiesbury To) Council. who en8a8¢d the charity to provide management consultancy and train lifeguards at a totsl co$l of £7,265. Th¢ chan.ty a150 paid Wyjdham Softwar¢ £6.750 for WOTk on prospective business developmeni plans. The previous General Manager became a director of the company in the year. The Tn]st also setiled sorne costs on behalf of Thrive Services CIC. wbi¢h is a fellow subsidiary of its parettt. the Three Rivers Partnership. These totalled £830 bul. as planned stsyi¢gi¢ ag¢nd8 has chang¢d and th¢ Cornpany has been e105ed, the costs have been written off. 22. SUBSIDIARY COMPANY Thrive CotTununity Services Limited is a wholly oW[l subsidiary ¢ompatty of The Gillingham Community and Leisure Trust Limited. The subsidiary company is domlant and has lleV traded. 23. CAPITAL COMMITMENTS The charity has no capital ¢ommitments 8130 June 2023 {2022-. £15.208). 24. IMPAcf OF RECENT EXPANSION AND cosr PRESSURLS Whil¢ River5rneet activity ha5 rallied post th¢ Covid-19 pandernic. membership numbers and incorne at rewrd levels. the recent expansion into a second siie is still at an r)Y sthge. and the offering 15 being constantly refined to maxitwse use and therefore income. While cutyeDtly Space Inflator5 and Gymnastics activity has not yet reached budÈ¢t¢d levels, Twsiees believe (he recent opening of the new R"LversMed Perforn)ance gym will see sustainable surplus creaied from the sitr as a whol& So while there is sorne uncertainty around fvture incom¢ the Trustees tDain focus is OD managing cosr pr¢ssurts. There are thr¢¢ prin¢ipal areas of COeT= i) the cosi of aTmounced increasts in the National Minimum Wage fiThJing rhe most efficient statYin8 model a¢ros5 the two sites Trustees are currently reviewing staff rotas aTtd staff levels, a¢r05s the two siies. in hand with a review of pri¢ing. 2) the outcome of an in5ufdnce claim for Ihe repair of ttvo heal putnps and10st earnings caused by the Lntemiption to business Jn December 2023 and January 2024. Twsiees are in discussion wiih ihtir Insurets but this LS at an early stage. 31 increased energy costs Trustees have implemenied a range of actions to mitigat¢ costs (the in5ts11aiion of heat pumps and solar pan¢ls. and move to LED lighting). whirh havt both reduced energy usage and ihe Kwh price of energy. The Tn]stees have prepared budgets and cashflow foreclsts up to 30 June 2025. These are considered to rellec¢ reasonable assumplion$ about leisure Centre membership. actiwty and costs. While the coshflow foree&sts remain light throughou¢ 2023r24 and 2024r25. Trustees are confideni ¢hai financial risks are mitigated by m3nag¢ment pldns and have concluded that the chariry is a goins corKcrn. Therefore the accounLS have therefore been PT¢pared on the going Concern basis.
THE GILLINCHAM COMMUNITY AND LEISURE TR IMITED BY CUARANTEE IMIT 18. COMPARATIVE YEAR STATEMENT OF FINANCIAL ACTIVITtLs STATEMENT OF FINANCIAL AcfiviTIES INCORPORATING INCOME & EXPENDITURE ACCOUN FOR THE YEAR ENDED 30 JUNE 2022 U•re5tricted Restricted FuDd Fllnd 2022 2022 Total Funds 2022 r4otes IiYCOME AND ENDOWMEKfs FROM: Donations, legaeies artd gr3nt$ Charitable a¢iivities Oth¢r troding income Investment income 40.577 1.022.691 178.820 16 40.577 1,022.691 212.917 16 34.080 Totgl lthcome 1.242,103 34.080 1,276,183 EXPENDITURE ON: Raising funds Charitable activities Other ¢xpendilure Total Expendilure 91.532 1.172.552 27,710 91,532 1,206,632 27,710 34.080 1.291.794 34,080 1,325,874 InMe/(eXpendIr¢) (49.691) {49,691) Ex¢eptlon#l waiver of unsecured lo* Exeept5onal debtor write otf 26 27 242.21)0 {60.0001 242,200 {60,000) Trnns(er5 betw funds 25 NET MOVEMEiYf IN FUNDS 132.509 132,S09 Fund Balances brought f0Thrd 20 £3.751.772 £25.0(N) £3,776,772 Fund Balance5 carried fonvard 20 £3.884.281 £25,1) £3,909.281 Tbe results derive from continuing activities and thcrc are no 8ain5 or losses oiher than those shown aV¢.