THE GILLINCHAM COMMUNITY AND LEISURE TRUST LIMrrED STATEMENT OF ACCOUNTS FO YEAR ENDED 30 JUIYE 2024 2 . 5. Tntee Director5, R¢Fort 6 - 8. Report of the Audir$ Ststemetstof FinanciAi Activities Balance Sheet Sthtemeniof Casb Fk>ws 12- 20. NoS (o the Ac¢¢Jll io. FLET R & PARThERS CHARTERED ACCOUNTANTS COMPANIES HOUSE ISBURY
THE GILLINGHAM OMMUNrrY AND LEISURE TRUST LIMrrED COMPAI¥Y INFORMATION Dlrectors: Mr P D Silve5t¢r CBE (Chair) Mr M B Chapmao Miss L Day Mr R H Me55¢r Mr G C Pledger Mr M Walden MrSCWard MsLMWild Appointed 23 january224 Appointed 23 January 2024 Resigned 10 August2024 R¢sigDed 25 Oct¢)ber 2023 Key Managem¢ni Persojwd Mr J Pany Ms L We$tby Mr W Magec Finance Manager General Manager Reglstered Offi¢¢ Riv¢rsm¢et, Hardings IAne, GiUinRham, Dort SP8 4FC< Advisers: BaDk¢r5 Lloyds Bankpk Ac¢ounfallts Fleicber & Partners, Crown clnberS. Bridge Streei. Salisbury SPI 2LZ Soliciiors Wilsoas LLP, Alexan¢Jr8 House. Si Jolll Stree( Salisbury SPI 2SB Company L¥umber". Registered CompanyNumber06868510 Charity Number: RegisteredCbarityNumber 1138571
THE GILLIN HAM OMMUNITY AND LEI RE TRUST LIMITED TRusfEE DIRECTORS. REPORT FOR THE YEAR ENDED 30 JUP4E 1024 TheTrusiee Dire£tors (hercinaftff Teftrred to as True¢51 pr¢wt th¢ Annual Rwt •nd At¢ount$ for the year ended 30 June 2D24. which have prwrd so as io ccmply with the FYovisioll5 of th¢ Compani¢5 Act 2c. the Charities Act 2011 AUnting and Re[1% by Charities.. of ReCommded Praaice applicablc t¢ Charities pr¢paring Ihwr accounts in accordan¢¢ with the Fin)cial Rep118 Standard gpplicable In the UK and Republic of Irdand (FRS 1021 IeffeiyC l January 2019). STRucfuRQ cOvERANCE AND MANAGEMENr The Charity 15 a compaoy limited by guarantc¢. It wa5 inc(KtKKattsl in Englat¥J 3 Apil 2(#. The COmFY was re815teTed as a Charity with the ChaTity Commission on 26 Oaob¢r 2010. Thc company (hereinafter rtferrtd 10 as the Trust or Charity) is operdled by its Trnstee5 who med puiodi¢a]ly. New Tru5tr¢5 are recruilal fTOrn among pwle who have an interest in furtherin8 the airns of the Charity a view ring thar all th¢ nec¢5SYy COmP¢tencie5 arc rEprc5entcd within the trustec Ixmty. BACKCROUND TO FORMATION OF THE TRUST. AcfivTtIES AND OBJECTIVES Th¢ Charity is a sub5idi3ry of The Three lknver6 Partnetship. a ctKrtmunity Ptrt¥ship for GJllin8ham and the surrounding arta of North tknrsa. The Charity wa5 established to initially tllana8e the redeVdoWl and constDJCtkon of the BiveTsMert CeThtre in Gillingham. which rwcd in August 2010. A SUMMARY OF THE O&IECTS OF THE CHARTfY AS SET OUT IN fts COVERNif4C DOCUMENT The Charity'5 Objec arc.. th¢ promotion for th¢ public beThefit of conjmunity participation in healthy reutaiion for tht benefit of the inhabitants of Gillingham, Dor5c4 and the su[rourJng in particular the pmvision of facilities foT swimmin8. b&8ketball. badmiftthn. netball. indLwhLKk¢y. fJv¢ a side foothall, gymnastics and fitness cxertises and s other chatitable healthy re¢re4tional sports or artivities as th¢ Tru5m Shall from time to time detennin< and $uth <Ah lawful chariiabl¢ purp05e5 for the public benefjt as the Ttusteu shall from tim¢ to time daumine. SUMMARY OF MAIN ACTIVITIES OF THE CHARITY IN RELATION TO rrs 0c[s The Charity operates the Rivtrsmeet tre (ow 10 paying cuomer5 since August 20101. bTrndtsl a$ River$Mett Active and tht enlarged Brickfi¢lds siic Thow re-tKanded as 'verSmeet Perf(an¢t lopth t0panE cust(xnus since July 2022), both in Gillingham. north fkn5et. The Charity COE)tinue5 10 prnwde the public with faciliri¢5 for uwci5e and a¢tively Promotes the bertefits of a hea]thy lile5tyle. seeing irsdf a5 woviding 3 wvi¢e as a cornmunity hub. The Charity is manageJJ on a self.sU1Ing basis. Th¢ Charity op¢ras a café at RiversMtttAai¥e and sells a selection of swimming-rclard i1$ It RiversM&t PUBLIC BENEFIT The 5¢5 confjrm that th¢y have eomplial with the duty in sethion 17 (5) of rhe Cthariiie5 Act 2011 to havc duc rcggrd the public benefit guidance publishd by the Charity Commissiorb. Spe¢ifically. the trus¢$ sider that the facilitie5 for Tecreatiort and leisu wll be avwlablc all Mlr5 of the c(Thmunity. STRATE REvw ACHJEVEMENTS AND PERFORMANCE OF THE CHARrrY 2023-24 was Aye4r ¢haratris&l by si8ni6c4ni cu)vnucÈal devdopmenL Staffing Nionalizarion arml wnllnuing ¢hall¢ng¢$ p)sed by our inadeque heating syst. In wr judgment our Board h95 growTh in 5tr¢ngth in 2023-24 ottd w¢ have begun io undcrsland our organization'$ busincss and ¢haJlenges in much grea depth thart hitherto. Been pro.Ltiiv¢ in seekirtg new tNstt¢s- particultrty those with ISlArInanCiavac¢oUnranCY penise and cxpcri¢n¢¢ in tyd¢r to fill Eaps whith our skills audit hish liL As a re5ulr of this pr(e4 two new trusiee5 with busine55 and accountinfinanCial expcrtise joirted us in January 2024. Worked hard to COD501idat¢ a more profe55ional apFYoach 10 the prnctiee of t#ruitithE and selectin8 new staff Rationalised our new 5tatTing 5mJCDJTe in lIaron with th¢ General Mana8eT in oth to limit our loss-leadiThB actlVLties in are45 wh¢r¢ we judg&J 5thffing w b¢ loo high: Suprta the Gcn¢rnl M8rwg¢r in managing aFwtj]aTty diffiLwlt HPJStatTin8 issue vAJi¢h sUIted in an accomrnodation wgT¢cmcni: ar¥J Begun a much mor¢ d¢t¢nnin¢d programm¢ of wbthittith8 8rnxi applic4tiMs. employins the setvice5 of a part4ime professional bid-writr on a no wnlno fe¢ basis. At th¢ time of writing this Dew relationship is already showing early signs of its wa¢iry to delivcr addiiionaj resixrn fty0ur(j[Ity.
MMUNITY ATrID LEISURI TRUST Lig[TED TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2024 ACHIEI VEl¥fENTS AND PERFORMANCE OF THE CHARrrY {cMtIDued) In planning for the fiLts¢ in ord¢r to grow th¢ ¢)rganisation as a more 5¢cure Toute to ensll¢ sustainability, the trustees have". a) Agreed to plan f the estsblisbment of a second'strength aDd Conditioning, Gyttt on the old Sp&e Inflaters site and refIll8 the new exteDsion lISt¢ted by Dexwa. re-brartded as Riversmeet Perfomiance. b) continued to suppon the growth in our prnvisioD for I1 gytnnasts of all ag¢5 at Riversmeet Perforniance. ) r¢-brdnd¢d ourpar¢nt provisioD as River5Mcet Activ¢ d) ci)ntinued to do everything we Can to mitiga* the losses incurrcd bydeelining Swim Scbool trading numE¢ts, e) successfully applied to Sport England's Swimming Pool Recovery Supry)rt Fund for additional LED lighiing and also a second solar aTray Instslled in August 2014), and fj had our Expression of Interest accepted by thc goveTDment'5 Communiry Own¢rship Fund (with our alm being to refurbish our changing rooms ai a sigoificattt capitsl cost. grnit-fijndtsl). Developed exisiing Communiry relation5hips'. streThgthened our relationship with Gillingham Town Council {in¢luding re¢eiving site visit5 from 90/• of all new Towtk Coun¢iUoTS' in JunelJuly 2024, at our invitation), strengthened our reiatiottship with Dextsa thrghoUt the CQllStructi¢)n project forRiversMeet Performance and its day-¢o-day usage Finance". overseen the outperforn)aDce at Riv¢rsMeet in iern]s of all tradiDg faSts and the contiDued success of Riv¢rsMeet Active (with no discernible do due to the openin8 of a second GyTll). Begun a successful inltiative in ternis of re8ularly drafiing 1-2 gtant applications per calendar month and recognising this new. valuable income streajn, going forwards Promoted OUT ¢xc¢ll¢nt Exffcise Referrdl pro8fdtDme.' supported the General Manager aod the Filn¢ss Manager io promoiiag the use of our 1MUnity leisure centre for a growing number of GP Exercise Referrals, in partnership with local GP pr4cti¢es and ¢otDrnunity health professiona15. This is an importont 35pect of our role in promoting positiv¢ pbysical and mental health togetbct wKth the development of & new incorne strearn for the business (with around 509A of ¢lieDts ort this subsidised three-month programme becornitig pernianent members). tn order to respond to tbe energy crisis and tbe Deed to increase our financial reserve5 and consequeDtial cashflow a month-by-monih basis to safeguard OUT¢on]m¢rcial viability. ttusfe¢s (in ¢ollab)ration with the Gener81 Managerand the FiDall¢e Manager) bave: Raiionalised our staffing in both the Café and thc Swim S¢hooVSwin)ming tkpartm¢nts (and closed th¢105S. making café ai lknversmeei Perfom)ance completety). Achieved a s/0 reduction in our energy consumpiion &% a result of active managelnellt (witb the General Manager hampioning this) and the intr(xlu¢tion of fith ¢Dergy.saving equipmellt {e.g. the installatioll of 4th generdtLOII LED ligbting. a second solar array etc.). Success1]Y applied to the government's VCSE Energy Efficiency Scheme which enabled us to enjoy a 'Jndependent Energy Ass¢ssm¢nt' (May 2024) at no cost 10 us. This Report included a series of helpfvl Carbon Redu¢iions Reconuneodations,. this useful report I5 infomKd th¢ Board's Commercial and operational thinkiog, going fon¥ar&s. Vigorously pursued i)ur insufdnce claims for business interriiption and the consequential trading losses as a n5uIt of this. The managernent. wpported by the Board. ratt a successful Crowd FundEng camp&ign targeted at members, the Iwat community and l¢xal businesses that raised over £18,OC(l (including a grant for £7,500 from Sp(m England) towards the cost of instslling gas boilers io act as a backup for our air source heat pumps during the winter period. This demonstrated a strong commitment to preserve the operation of tbe swittlltiing pool at Riversmeet. At the sam¢ t10, the Board has worked bard to support the General Managcr in a deeper appreciation of the weaknesses inadequacies in our current healing arrdDgements and forniulated a strategic plan to address thES exist¢nllal ¢halleDge (to estsblish a bivaleni heating system in which high efficiency gas boilers support our air sour¢¢ heat pumps iti the coldest months of the year). Continue to purchase our energy at the best possible Txwket rntesthrough tsureDer8ybroker{ourGen¢ral Manag¢r and our Finan¢e Manager ar¢ particularly focused on this vitsl area). In parallel. we are having a second 80KW solar aTray instrlled as a r¢5uIt of our 5UCC¢55ful application to Sport England's Swimming Pool Support Fund which we will outright in order io lower our energy costs). This instsllauon will be completed in Augusi 2024 and has involved D¢gotiatioos with Conrad En¢rgy io Tevi5e our wrreDtAirspace Lease, wbich tbey have mdicated willingnes5to ¢kn.
THE CILLINGHAM MMUTr4ffY AND LEI TRUSTEES, REPORT FOR THE YEAR ENDED 30 JifNE 2023 TRU T LIMTTED NATURE OF TKE GOVERNING DOCUMENT AND CONSTTfuTION OF THE CHARriY The Charity is wnstituted as a mPanY limited by guarantre and is therefore governed by a memorandum and articles of association (updated ID 21)J9). Th¢ dir¢ctor5 of the Companyare also tsitses of the Clwiry. Eligibility formembership of the Cbarity. and of th¢ Board of truste¢s, is govcrned by the memotatldum alld arttcles of association. The charity objects restrict the Charity to the operation of Icisure facilities for the benefil of local residents. THE METHODS ADoYfED FOR TUE RECRUITMENT AND APPOINTMENT OF NEWTRUSTEES Th¢ Board aims to bave a minimum of five trus[¢ serving at any particular titne. At least onE trustee shall a150 be a trustee of The Three Rivers Partnership. Dorset. The Board developed a new process for selecting additional trusteeg.. potential new lrystees are considered for appTriDtmetLt after the COTnpletion of a questionnaire and afier they have had the opportunity to meei aIl the trustees illfotrnally. The Board then makes a consider&1 de¢ision in tums of appointing new trustees who offer the Board added value. New truses are provided with trainimg after they have been 8pwin¢ed together witha significant library of kcy contextual documenwiotL The Board has a SiroTJg team of trustres. the majority of whom were rxruited duriD8 2022.23. The Board has be£on)e mucb more confident in Tts capa¢iry to offer straiegi¢ di1110n, d¢vel(ping its Co)rate sense of identity during this formative period. The Board will coniiou¢ 10 irDpfov¢ IL5 effectiveness in exploiting the many talents of individual trnstees and expe¢ts to strengthen tts capacity to offcr appropriate strntegic and cottllnertial support to the busincss during 2024-25 THE ORGANISATIONAL STRucfuRE OF TBE CRARITY AND HOW DECISIONS ARE MADE The Board of trustees meets regularly on a moothty basis as a fvll Board with face-io-face meeungs. The Board reviews the operation ofthe business. holding the General Manager aod bis stsff (o account, and tskes all th¢ k¢y strategic and investment decisions a5 a corpordte entity. The Board is itifomied by ffglllar mottthly reports from the General Manager and the Finance Manager and occasional strff PresenllonS. Th¢ day-tfrday ¢)perntion of the bu5iIiesS Is delegated w the management team led by the General Manager The company is a subsidiary company of Tb¢ ThTe¢ Rivu5 Parther5hip, Dowt. which is a charity that works ¢los¢ly with st&tuiOry. non statutory and otherrepTeserttational bodies to pron)0* communityparti¢ip81ion in healthyrecreation. POLICIES ON RESERVES The InLStees bave resolved to establish reserv¢5 to provide for future activities. and tbe trustees have wide p¢)wers of inv¢slrnent. Th¢ majority of the Charity'$ reserves are rcptesented by fixed assets followÈng the developmeDt oethe rSt Riversmeet Centre IUSK The twst¢¢s have idenufied the majorrisks affecting the Charity atwj regularly reviewthese risks io ensure that th¢ risks ¢ managed effectively by the ¢lwity trustees and managemenL The ttvsiees are actively nnagIng the risks posed by th¢ ¢ngY ¢ri$is, th¢ challenge of seeuTing the optimum operational effectiveness for both our Air Source Heat Pumps and our hot Wa system and the urgent need to improve our c&sbflow alld fit]ancial viability. FThAc REEw The company received income of £1,597,562 (2023: £1.531 J78). the vast majority of which was membership and admL5si0n fees frotn users of the origi11 River5Meet Active l£iwre Cetttre and the ttew Riversmeet Performan¢¢ facility,. The company in¢urr¢d expenditure of £1.791.075 (2023: £1.679225). The company has recorded a defKit of £193.513 compared to a deficit of £147.647 for the previou5 year. IniK)th years tbere were opernting surpluses before depreciation charges were recogni5¢d. The company had net agsets at 30 June 2024 of £3.568.123 {2023= £3.761.634). Cash ai 30 June 2024 was £41.950 ompared with £77.037 in the prior year.
THE GILLINGHAM COhfMUNrrY AP4D LEISURE TRU TRU TEES, REPORT FOR THE YEAR ENDED 30 JUNE 2024 T LIMtrED The Trustees are excited at rhe prospects for growth in the imm¢diat¢ future. Th¢ new Board of trnstees has a strong mix of diff¢TrI talents. a morr efftIVe understanding of corFKJrate 8OVtrnance and a great deal of enthusiasm to gjpport GCLT and all 11$ intere¥s. goin8 forwards. The Board is focused on". l. Continuing to develop and drepen our indJ"vidual and collective under5taThdiThg of the operational functioning of thc l)usiness in order to contribute th GCLT'S fithcr 5ucces5 and offcr the organisation the imaginative Strategic guidance and oversight which it needs. 2. Strengthcning the Board of Tru5ttt5 further through the apw)intment of knjstees wth complementary skill sets and experience, on a needs-led basis (ideally, this process will involve a Gillingham Town Coutlcillor in orderto 5tr¢ngthcn local communiry relationships and bileal communication). 3. Continuin8 to champion theneed fortargeAed training and professiona] develtspment- par1J¢ularly In trn of training our middle mana8er5. 4. C onsolidating and maintaiDin8 the fabric of all that GCLT m3nage& driving ourtnew consumwion dowrn and ensunrkg that vital equipment {e.g. our Air Source Htat Pumps IASHP51. the remote management ofour ASHPS. our hoi waler system) is working efficiently with suitable arrangements for maintcnancc involving spxialisi tethnial SUprt. As a straie8ic pnority. weTnu5t esrablish a'bivalent. heating system with hi&b efficiency gas boilers to support our air sourre heat pumps and avoid busints5 lrttemjpiion (swimming p] closure5) in the coldest month5 of the year. providiDg u$ with additional and more reliable heating capacity. Thi5 will avoid unplanned ¢ltssur¢s due to opetatior)al breakdown. 5.Working hard to discover. apply to and receive significant grant awardOnationS in order to limit the Chariry. financial exposure and rusk a5 a Tcsult of thc c51irnat¢d £60-70k investment nealed to install a'bivalent. heatin8 System before ihe coming wint. 6.1 rnproving ¢ommunb¢atiott and m¥k#irtg in parMu5htp communtty stakeholder& Gtllinuham Town Council. Gillingha]n S¢hool, local employttC0tY0rate partner5 (esp. Dcxtra) ctc. Building UFwJn the 5UCCC55 of our markcting strategy for the launch of River5Meet Pcrfomance (using Landon. our external markding spe¢ialists). ¢ontinue io rengthen a targaed mark18 Strategy on a year-round basis-one which is affordable. AccouTrrrING AND REPORTING RFSPONSIBILITIES Charity law rcquir¢s th¢Ttustees to prepare financial staiemtnt% foreach financial pcrityj. in accordancc wth appli¢ablc law and United Kingdom Grnttally Accepted Accounting Pracrice (UK GAAP) which give a true and lair view of the financial activities of the ¢OTtwy during the yearand of its financial wl110n atthe end of the PEriod. In preparin8 those staicmenis. the Trusttts arc required to= l) Select suitable accounting policie5 and then applythcm e4)nsi4endy- 2) Makr judgements and estimates that art reasonable and pTudct- 3) State whether applicable acctyjnting 5tsndards and 5tat¢m¢nt5 of re¢omm¢ndd prxii¢¢ have beth follow¢d, wbj<x to any departures diselosd and explained in the financial swemthts: 4) Prepar¢ the accounts on a 80in8 concern basis unless it is inappropriate to aswme thatthe comp•)y will ¢ontinu¢ in opcrati¢)n. TheTrustces are rc5ponstblc for kecping adequate accourtting rttords which disclose reasonable accuracy at any tim¢the fjnancial position of the company and whith ab]r thcm ¢0 th#tth¢ fiDan¢ial stat¢m¢nts comply with the provisions of the Companies Act 2006. Th¢y are also responsible for saf¢guatding the assets of th¢ ¢haTity and hencc for taking reasonable steps for the prtv¢ntion detection of fixud and ¢xher Érregularities. TheTrnstees confirn that. 50 far as they Irc awar< there is no relevant audit infoTm*ion of whi¢h the ¢omparty's auditors are unaware.. and each Trustee has tak step5 which hc orshc ought to have takert as aTrus¢e¢ to make himself or hers¢lf aware of anyrelevant audit infonnation and to e5tabli5h that thccompany's audito[5 are awarc of that iftforniatir. This rep)rt has been pr¢pared in aco)rdancewith thespe£ial provisions of Part 15 of thecornpanies Act 2006 relatingto small ¢ompanies. Signed on behalf ofthe T. Approved bytheTrustees (li Mr P SilvesterCBE 25/WZo25
THE GILLINGBA Mhffuiirry AND LEISURE TRUST LIMITED INDEPENDENT AimITORS' REPORT F THE GILLIP4GHAM MMUTrIITY & LEISURE TRUST LIMITED TO THE TRUSTEE Oplnion We have audited the financial ststetnents of The Gdlinghamcoowiunity alld Leisure Tn( LiTnited (the'charity") for tbeyear ended 30 June 2024 whicb comprise the Ststement of Financial Aciiviiies, Balance Sb¢eL the Cashflow Stsiemell(, and notes to the financial slatements. including a sunjmary of significant accouniing p)liei¢s. The fJnatt¢ial reporting framework that I b¢¢D applied in tbeir PTepaTauon is applicable law and UDlted Kitigdom Accountiog Standards, inCd8 Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and R¢publi¢ of Ireland Iunited Kingdom Generolly Ac¢epted Accounting Practsce). In OUT opinion, th¢ fitwicial stathen i) give a true and fair view of the stsie of the Charity's affairs at 30 June 2024 aDd of its income and ¢xpendityre for the year then ended.. ll) have been properlyprepaTed iti accordaNe with Uoired KingdozD Generally Acc4ted Accothitsng Practice. ill) have been prepared in accordance with the requiTem¢n¢s of th¢ Companie$ Aci 2Crf)6. Basis for opinion We conducted ouraudit in acwrdance with Intemational Sthndards OD Auditing UJK) USAS (UK)) and applicable law. (k]r responsibilities under tb0 5tandard5 are fiffther de5cribcd ID thc Auditor's re5ponsibilitie5 for the audit of the ruwla1 statements section of our reporL We are indepeIent of the Charity in accordance with the ethi¢al requirements thac relevant to our audit of the fillancial statemeots in the UK, including the FRC'S Ethical StaDdard, and wc have fulfilled our other ethical r¢sponsibilities in ac¢ordan¢¢ with these requirements. W¢ b¢li¢v¢ that th¢ audit ¢vid¢nc¢ w¢ hav¢ obtained Is sufficient and appropriate io provide a basis for ow ¢)pinio Conclusioll$ relatiog to 8Oillg eottcerD In auditing the fu)allcial statements we bave ¢ort¢luded that the tntteS use of the going concern basis of cOUnting in the preparation of the financial statements is appropria. Based on the work we perfornied. we bave noc idenrified anymat¢rial uncenainues relaring to even orconditions thaL individually or collectively, tDay ¢ast doubt oa the charitable cOMpanS ability to continue as a going concern for the period of at least twelve months from the da whell the financial stsiements are autIrised for issue. Our responsibilities and the responsibilit&¢5 of the trustees with respect io going concern ar¢ described in the relevant sections in thi's Other informatSoD The tW5t¢e5 are responsibl¢ for the other infonnatlOD. The other infornlation comprises the infortnation it1clud in anllual report other tban the flnallcial sthiemeDts and ourauditor'5 report them)D. Our opioioo 00 the fmaocial sratemellts does not cover ihe other infom)aiion and. except io the exient othen¥ise expliciily ststed in our report. we do not exprtss any form of a5suraDrx Wh70n thereo In connection with ouraudit of the financial sthtements. our reSpOlbIlIty is th Te&1 the other tnfonnation aD¢I in doing ¢ongiderwhether the other informaiioll is materially inconsisleDtwith the fuwhcial s¢aietnents or ourknowledge obtained tn the audit or otherwise appcars to be materially misthted. If we identify sucb tuaierial ill¢ottsisteDcies or apparent merial misstsiements, we are required to d¢terniine whetherthere is a ma*rial mi55tsteTneDt in the financial statetuents ora material misstatement of the other information. If. based OL the workwe have perfonned, we conclude that there is a material misstatemetstof this other infornllo w¢ are requir¢d to T¢P)rt that facL We have ttothing to report in this regard.
THE GILL M COMMUNI LEIS TNDEPENDENT AUDrroRS' REPORT TO THE TRUSTEES OF THE GILLINGHAM COTrT%qUIYITY & LEISUBÈ TRUST LIMITED COYTINUED ED Opinlolls on other matters prescribed by the Compnles Att 21M16 In Ouroplni¢ based on theworkundertaken Rll the c4)urse of the auditr. i) the infonnation giv¢n in th¢ trustee director5, report forth¢ fuwicial y¢4r for which the flljancial ststelljellts are prepared is consistent with the financial sIAtem¢nts" alld ii) the trustee direciors. Teport hav¢ b¢¢nprepaTed in ac¢ordaDce with applicabl¢ l¢gal wryuir¢m¢Tht& Matters on Tvbi¢h w¢ #re required to report by exceptloll In the light of the knowl¢dg¢ and und¢r5tandinR of the Charity and ils ¢nvironm¢nt obtsiRed in the cours¢ of tbe audit, wc ha%'c noi idcntificd matorial MI•teMents in the mLv¢ee directm. roporL We have nothing to report in respeetof the following matters in relation to which the Compttnies Act 20 requires us to report to you if. in our opiDioD". i) adeqUe accounhng records have nottten kept or returns adequa for our audit have Dot been ¢1Ved from brancELes noi visitrd by ws: ii) the fmancial statements are not iti agreemeotwith the a011& records alld reDJms' lll) certain disclosuTes 0ftsste¢S. remuneration Splf¢d by law are not made. c iv) w¢ hove not obtained all the infonnatlOD and ¢xplan2LioLe necessary forthe puSe$ of our a111. RespoDSibilitie$ of th¢ tTh5tees As explailled more llY in thetru5te¢s' respoosibilities $latement on page 4, the twsie¢s ar¢ responsible for the preparatÈon of th¢ fwancial StateentS aud for beitig satisfled that they give a true and (air view. and forwcb internal control as they deternline is necessary to enable the rryaratiOD of fthancial statements that are free fro material rnissrat¢m¢ni, wh¢ther due to fraud or crnjr. Inpreparing th¢ fxrtancial statements. tbe trustees are responsil>le foras5CS5ing the Charity's ability to contanue os o going c¢)n¢ern. di101£. applicablE. Tllattep. re131ed to going concern using the gning roncprnba¢yy of ac¢ounting unless th¢ tWStees ¢ith¢r intend to liquidate the or to operations, or bave no realistic alternative bui to do so.
THE GILLINGHAM COMMuNrrY ATrID LEISURE TRUST LIMrrED INDEPENDETr AUDoR5. REPORT F THE GILLINGHAM COhlMUNITY & LEISURE TRUST LIMITED COL¥TINUED THE USTEES Audltor's responsibilitie5 for the audit of the fanCIal statements Our objectives are to obtsin reasooable assurance about whether the financial stateTnertts as a whole are fire from tnaterial tni5Statemen4 whetber due to fraud oretTor. alld to i55ue anauditor's report tbat include5 our opinion. Reasotvdble assurance is a high level of a&8urance. bui is ooi a EuaTantee that an audit conducted in accordauce with ISAS (UK) wiu alway5 detcct a material Misternent wben it exists. Misstatetnents can arise from fraud or error and are Considered rDaterial if. individually or in the aggregate. they could reasonably expected to influeAce tbe ecoMmic decisions of users taken oll the basis of these financial stttett)ents. Irregularities. including frdu(L are instances of non-eOtDpliance with laws and regulatLOL%. We design pr(Kedures ill lille witb our re5pon5ibilities. Outlined above. to detect Ttlaterial misstateTnellts iu respect of irregularities." including fraud. The extent io which our pr(Kedurts are Capable of deiectiDg irregularities. includhug fraud iq detsiled below. Ourwork on illcome illcludes reviewillg illCOTDe Streams for completeness and cut-off. wlu.ch we consider gives good assurance over the accurdey of income and debtors IA the accounts. Ourwork on creditors and expendiDJre is also considered capable of givitig assurance that costs are valid business expenses and included in the Correct accouniing period. Work 00 compliance with laws and Tegulaiion5 is limited to inspection of correspondence and ettquiry of management and so there are iiJhereAt limitatiotts in these auditprctedures. A further description of our reswnsibilities forthe audit of the financial statements is located On the FitWLcial ReEx)rting Council's websitr at.. [Www.frc.org.uklauditormlbllitse$l. This descnption forn part of our auditor's rewt This report is ttydde solely to the Charity's members. as a bc¥ty. in accordance with ChaptrT 3 of Part 16 of the Companies Act 2LK16. Our auth"t work bas been ulldertaken so thai we might stsie w thecharity's members those mallers we are required to sle to them in an auditor'5 repon and forno oth¢rpuTPOS¢. To the fvllesi exMt permitted by law. we do noi accept or assume resp)nsibility to anyone otherthao the Charity's rnembers as a body, for our audit worK for this report, or for the opinions we have fornial Jarne5 Fletcher, Senior StatutoryAuditor for and on behalf of FletGher & Partyer& Chartered Accountants and StstutoryAuditors Crown CtWDbets Bridge Stse Salisbury
THE GILLINGHAM COMMUNITY AND LEISURE TRUST LIMITED IMrrED BY GUARAIYTEE STATEMEf4T OF FINANCIAL ACTtvmES CORPORATtNG fNCOME & EXPENDITURE CCOUN FOR THE YEAR ENDED 30 JUliE 2024 Unrestricted Restricted Fund Fllnd 2024 2024 Total Funds 2024 Tot*1 Funds 2023 Notes INCOME AND ENDOWMENTS FROM: Dollations. legacies and grdnts Charitable a¢tiviiies Other trading income Inve51ment income 16,048 1,322,154 258.287 1,073 16.048 ,322,154 258.287 1,073 9,803 1,158,332 363,191 252 Total Ineome 1,597.562 1.597.562 .531.578 ExFENDfJRE ON: Raising fvnds Charitable activitles Other expenditure 126.843 1.664230 126.843 1,664.230 154,022 1.517.621 7,580 Total Expenditure 1.791.074 1,791,074 1,679,223 Net (expeoditure) (193.512) {193,512) (147,645) NET MOVEMENT IN FUNDS (193.512) {193,512) (147,645) RECONCILIATIOTrI OF FUNDS Fund Balan$ brought forward 19 £3.736,636 £25,0 £3,761.636 £3,909,281 Fund Balan¢es carried forward 19 £3.543,124 25,0 £3,568.124 £3,761,636 The results derive from continuing activities and theTc are DO gains OT losses other than those slwwll above. The llotes 00 pages I1- 20 forni part of these accounts
THE GILLINGHAM COMMUNrrY AND LEISURE TRUST LtMrrED ITED BY GUARAI¥TEE cOLANy NUMBER: 06868510 BALANCE SHEET AS AT 30 JUNE 2024 No9 2(124 2023 FIXED ASSETS Ji 4.393238 4.375,203 Stock Debtors Cash at bank and iti ha 12 13 8.325 21.449 77,041 106.814 10,913 23,248 41,950 76,111 CREDITORS: aMOntS falling due Ithio one ytar Creditors 14 (244,9221 (187,472) NET CURRENT (LL4BILfTIES) (138.108) (IllJ61) CREDrroRS: 4mt)umts falling dut after more than one year 15 (687,006) (502206) NET ASSETS £3.568,124 £3.761.636 Representitig . UNRISTRICTED INCOME FUNDS General fimd 19 3.543,124 3.736.636 RESTIUCTED INCOME FiJNDS Restricied fimd5 19 25.(XKI 25.¢XK) £3.568,124 £3,761.636 The accounts have been PTepared in accordance with the special provisions of Pan 15 of the Companies Act 2(K)6 relating to small cotnpanies. Approved by the Trus*es on 25103125 signed on their behawby Mr P SilvesterCBE The notes on pages l 1 . 20 fonn pth of these accounts
THEG TED IMITED BY GUAJIANTEE COMPANY UMBER: 06868510 STATEMEL¥T OF C H FLOWS FOR THE YE ND E 2024 2024 2023 CASU FLOWS FROM OPERATING ACTivrriES Net cash provided by operating activities 175.201 233,608 CASH FLOWS FROM INVESTING ACTtvrriLS Interest received Interest paid Proceeds from the sale of flxed &$5ets Purcha5¢ of propty. plant and equipment 1.073 (33.451) 253 (12.4301 (265,7771 (256.312) Net cash provided by (used in) investing activities (297.655) (268.489) CAStE FLOWS FROM FI(¥AIYCING ACTIVITIES New i)rrowinE Repaymentof borrowing 202.123 {M,5771 (119.2881 CHANGE IN CASH AND CASH EQUIVALENTS IN THE REPORTif4G PEIUOD £35.091 {£154.169) Casb aJ)d cash equivalents at the beginning of the reporting riod Cash and cash equivalents at the end of the reporting riod 41950 196.119 £77.041 £41.950 NOTES TO THE CASH FLOW STATEMENT Reconciliatio of Det iDcomel(expeDditure) with net cash flow from operating actiiTrtie5 Net in¢ornel(exp¢nditure) forthe reprtiti8wicxI (a5 per the 5tatemtDt of financial activilies) Adjus¢rnellts for. Depreciation and impairrnentcharges Divid¢n(Ls and interest from itivestmellts Interest payable {Profityioss on di5POsal of fed a$ts (Incr¢aseydecrease in stock (IncTeaseydecrease in debttsrs Increas¢l{de¢rea5¢) ineilOrS 2024 2023 (193J12) (147.645) 247.629 (1,073) 33,451 (3881 2.588 1.799 84,705 215.053 {253) 12,430 1,733 (5.126) 172.069 (14,653) Net cash flow provided by operdlitig 1VIlieS £175,201 £233,608 Componellts of easb and cash equivalents: 2024 2023 Cash at bank and ID Iwd £77.041 £41.950 The note5 OD pag¢$ 11 to 20 forni part of I1¢ rOun1
THE GILLINGHAM COMTrtUNITY Af4D LEISURE TRUST LIMrrED ImED BY GUARANTEE NOTES TO THE ACCOUf¥T6 FOR THE YEAR ENDED 30 JUNE 2024 A. ACCOUNTING POLICIES Basis of accounting The Accounts have beellprepaTed in accordan with A¢countsng andRepowby Charitie5.' Stsiemelltof Recornmended Pwtice applicable to clwiiies preparing their accounts in accordance with the Financial Reportll Standard applicabl¢ in the UK and Republi¢ of Ireland (FRS 102) (effective January 2019) and the Companies Act 2006. Assets and liabilitÈes are Initially recognised at hisiorical cosi or transaction value unless otherwis¢ stated in th¢ r¢l¢vant a¢wunting poli¢ynot¢s. Having r¢vi¢w¢d th¢ rmanc of th¢ wmpany. togetherwith the expectoj on*oillg demand for service aA projected ¢ashflows. th¢ Trust¢¢s hav¢ ar¢&y)nable expectstion there are adequaie resources to c4)ntitiue its activities for the foreseeable fvlle. Critical ac¢ollnting judgern¢Dtg and key Sources of e5t5mAtiOlI UllttrtAinty In the application of the accounting policie5, the Tntstees are requimj io make judgements. estimates. and assumptions about the canying value of asseL% and liabililies thai are notreadily apparnt froTn other sources. The ¢stimates and underlyin8 assumptions are based on historical experience aDd other f10r5 thatare considered be relevant. A¢8] results Tnay differ from these estimates. The estitDates and ullderlyiDg assurnptions are miewed on an ODgoinB b&sis. Revisions to accounting estimates are recogllised in the period iti which the esiimate is revised if the r¢Yision aff¢cts only that period, or in the period of the revision artd future periods if the revision affected current and ffijture perio&. In (he view of the Trustees. llo assutnptions concerning the future or¢stimation unc¢rtaiDtyaffe¢ting ass¢ts or liabilities at the balance sheet date a likelyto rewli in a material 4djusmJ¢Di to th¢ircaryiDg amounts in the next fiTLancial ycar. The following a¢¢ounting wlicies have been applied consistenily indealitig witb items wbich are considered material in relation to the Company's fanCIal statetnents. b. Tangible Flxed Awts Capital assets are capitslised at cost. TangIle fixed a¢15 are depreciated on a straight line basis ov¢r th¢ir anticipated useful economic b've5, Using the followillganllual rntes: FTe¢hold proputy Generdl plant and equlpmerit Heat exchanger and LED ligbttng RM2 equipment aod buildiag improv¢m¢nts 2% stiaight Ime 25Y• reducing balance 5V• straighi line IOP/q straight lu ImpairrnentTeviews are uadertaken to identify the carrying value of assets is approprtr.
e13 E GILLINGHAM COMMUNI AND LEISURE TRUST LIMITED IMrrED BY GUARANTEE NOTES TO THE ACCOUNTS R THE YEAR ENDED 30 JUTIE 2024 ¢ Income All income is recognised on the receivabl¢ basi5, Unless li is deferred. and is exclusive of VAT. L¢isure Celle membership SubriptiO1)S havebeen recOgnis io the period that they are paid. Income received thai relaies io fvtUTe a¢¢ounting periods is tred a$ def¢rr¢d incom¢ and is treated &$ a liability. Incotne is allocated to the appr(yiate accounting lOd. d. Gr4llts and donations Grants received are generally accounted forusing the'acuuals, m(Kl¢l. Grants and Donaiions receivable foT general purExises aTe to Unrestricted Income when eDtitlemeni arises. the amount Can be quantsfled, aod wben receipt is probable. Capiial grants are released over the life of the associated as5ers. While this i5 8 departure from the SORP, which unlike FRS 102 does Dot recognis¢ d¢ferred ¢apitsl grants. li is considered appropriat¢ because of the matching principal. A5 the cost of the &85ets purch&sed with the grants 15 Only cbarged in the SOFA as the assets are depreciated. The Trustee5 coosider the departure from the SORP better refiects the ecouomic relating of the transaction. matches the relat&J income and costs. and is nectssary so as to be consisient with other eniities in the 5¢Ctor which are not neceswily charilies. As at 30 Jwi¢ 2024 deferred capiral grants totsl £198.504 (2023.. £152,097). Grdnts and donations for sp¢¢ifi¢ pUOSe$ arr acc¢)unted for as receivable and are tr¢ated as fonning restricted fund%. Cbaritable activitie5 Cbaritable expenditu sball include all expenth"DJre directly related to the objectsof the Cbarity. f. Expendilur¢ Expendiwf¢ 15 regnISed on an accruals basis &$ a liability is incurr. Th¢ Clwiry 1$ able to partially recover VAT and irrecoverable VAT is reported as part of the expenditure 10 which it la 8. Pertsions Employer r£nsioncoDknI)utiOL8 are paid undera defined contribution[nsIOn scheme. The assets of the scbeme are held separdtely. Contributiorts are charged as expenditure in the peric*J forwhich theybecothe payable to the pension scheme. h. Governance costs These costs represetsi the costs illcurred by the Clwity ID Tewi of managetnent and tdlmini51rative ¢xttlldiwre aod ¢omplian¢¢with slatut¢)ryand legal requiteomts. Fund AeeouDting Funds held by the ¢lJarity fall into the following cate8ories.' UDrestricted general fijnds.. These are funds which canbe use4L at the discretion of the tsusiees. in aCcOrdae with the charitable objxts of th¢ Charity. Restricted fjJnds". These are fijnds which can only be used by the Clwity forpartfftcular pUr)Ses. Restrictions artse either wlkn they are specified by the donoT or when fijnds are raised for a specific purpose. 7be Testriction is that tbe fimds bave be spent 00 a specific projecL It is tbe policy of the board of $iCeS io CareIlY moniior the appli¢wion of these fund5 in acw1daC with the restrictions placed on them. (ti) The Company onlyentets into basic financial instruments thatTesult in thc reco8llitiOD of fujancial assets and liabilities like trade and oth¢rd¢btors and cr¢ditrKs, and loans from thirdpartie& k. Stock Stock held comprises goods held forresale in the shop and erIng w)plies for thecafé. These are recognised at the lowerof cost al ttet realisable vah.
THE GILLtNGHAM COMMUNITY AND LEISURE TRUST LIMrrED TfED BY GUARAiYfEE r40TES TO THE ACCOUT4TS FOR THE YEAR EIYDED jfl JUNE 2024 2. VOLUNTARY INCOME 2024 16.048 2023 Grdllts- Publi¢ sector 9,803 £9,803 £16.048 3. INCOME FROM CHARITABLE ACTivrriES 2023 1,158,332 L¢isw¢ centre membersbips and athni55ion fee5 1.322.154 £1,322.154 £1,158,332 4. OTHER TRADING ACTIVITIES Café, shop and other a¢tivities Rentsl income 248988 9,299 345.037 18,154 £258287 £363,191 S. INVESTMENT INCOME 2023 Bank deposit inter 1,073 £1.073 252 £252 RAISING FUNDS 2024 126.843 Café. Shop and other a¢tivities exrknditure 154.022 £126.843 £154,022 7. CHARrrABLE ACTivrriES Costs of Charitable Aetivities Totsl Costs 2024 252.647 1,664.230 £252,647 £1.664.230 Totsl 2023 Operation of Rivcrsmeet Leisurr Centre 1.411.584 £1,411,584 1,525.201 £1.525.201 b. Support Costs These constitute malla8emettt and administrntive costs which aTe incu to ¢nabl¢ th¢ cljarity to carry out its Xtivities. They are m¥Je up &s follow3.' 2024 113.881 12.056 119.719 8.99J Managetnent Finan¢¢ Central offi¢¢ cenSeS Gov¢rnanc¢(audit and acwuntswy) 83.099 19.091 109.355 8.084 £254,649 £219.629
THE GILLINGHAM COMMUP41TY AND LEISURE TRUST LIMITED IMITED BY GUARApifEE NOTES TO THE ACCOUNTS FOR TBE YEAR ENDED 30 JUNE 2024 7. CHAIUTABLE ACTIVITIES b. Support Costs (Colltltsyed) These costs have been allocated to the ¢haTity'S charitable a¢tivilies and governance the basis of the usage of these resour¢# by the vaTiOUS aL1ivitie% as follows: 2024 2023 Charitable aaivities Other trdding activities 252.647 2.3 £254,649 219.029 £219.629 Other Exp¢ttdlNre In ihe previous year, the charity incuned strate8ic plannin8 costs of £6,750 Tel1ng ro work on income Streams and settled a numEa of cost$ totallirtg £830 asgxiated with a ProFd Ttrudurin& & NET EXPENDNURE FOR THE ITAR This ts after ¢harging {crtiJiting)'. 2024 2023 Depr¢ciati¢n Audiiovs remurtetati¢)n Ac¢ountan¢y seTvice5 providtd by Auditor 247.629 4250 4,743 215,053 4250 3.834 9. STAFF COSTS 2023 Wages and sa]2rie5 Naiional insurance Pension ¢ontri1tiOns 914.953 48.759 11.961 £975.673 793,798 40.733 10.796 £845,327 Av¢rag¢ number of employees: Leisure Cartre 75 No employees wue paid £60.C(KTr or higher in either year. Key management personnel employtt benefits (including Employers Nl and Pension) were £135,190 (2023.. £I23.788). Pension commitments OutOndIng at th¢ ye•r end were £2.465 {2023.. £2.I88) 10. OPERATING LEASES The tota] of fuDJre minimurn le paYMts under non-¢an¢¢llabl¢ operatin8 leasts We. 024 202 Not lattt than one year. Later than OTLe yrar and not later than five L*es thaa five years; 29.794 112,129 65,625 207.548 7,570 99.362 88.125 195,057 Lease PaYMlS recoBrtised &s an expcnse in year wue £9.968 (2023.. £6.883).
THE GILL] HAM COMMUNITY AND LEISURE TRUST LNTfE ifvirrED BY GUARANTE NOTES TO THE ACCOUNTS R THE YEAR ENDED 30 JUNE 21124 11. TANGIBLE FIXED ASSETS Freehold Total COST At l July 2023 Additions Disposals 4.962.134 lJ43.296 265.777 (2001 6.305,430 265.777 (200) At 30 June 2024 4962.134 1,608,873 6.571,007 DEPRECIATION At l July 2023 Charge for the year Disposals 1.289.765 99243 640.462 148.386 (88) 1.930227 247,629 (88) At 30 June 2024 1.389.(K)8 788.761 2,177.769 NET BOOK VALUE At l July 2023 £3,672,369 £702.834 £4.375,203 AI 30 Julle 2024 £3.573.126 £820.112 £4.393.238 12. STOCK Stock- café attd rethil 8.325 £8.325 10,913 £10.913 13. DEFTORS 2024 20 Trade debtors Pr¢payTneDt5 and a¢¢med irtcc 8.127 13.322 11,478 11,770 £21,449 £23248 14. CREDITORS: AtnovDts falling due wlthltt ome yur 67.642 34.621 21,376 23,425 2.562 95295 £244.922 78,160 32,373 17.558 Trade creditors Othertaxes alld social security Obligations under finance leases Otber crediiors Accnjals alld deferred 1,861 57,520 £187,472
THE GILLINGHAM COMMuf41TY AND LEISURE TRUST LIMITED IMfTED BY GUAILiwfEE NOTES TO THE ACCOLThTS FOR THE YEAR ENDED 30 JUNE 21124 15. CREDITORS: A0 falling after m•r¢ tbtt Ome year 2024 2023 Obligationiullder finance ie&5 Othercrcditors Loall accoullt 101,425 182,456 403,125 £687.IK16 142,294 359,912 £502.206 The loan account is made up of three balan¢es". Dot5et CouncEI interest free loan. repayable in equal illstaimenL4 over 22 years. The remaining balance duc after one year is £179,659 (2023= £193,750). Two unsecured loans from an Unrelated party. repayable over 5 #nd 10 years re5Wiv¢ly. Combined balance thie af[ one yearof £84.667 (2023.. £107.067). Balance of a Corollavirus Business ]ntemJption Scheme loao (renegcitia*d in year) due after one year of £138.799 (2023." £93.393). Loan r¢payabl¢ after more than five years £146.729 (2023: £176,020). I& DEFERRED INCOME 2023 To SOFA (17965) Movement 2024 28,365 182.456 Creditors le55 than one year Créditors greaier than one year 25.572 142,294 20,758 40.162 £167.866 (£17.965} 60.920 £210,821 Deferred incom¢ is comprised of incotne paid in advanee forservices in future y¢ars and grants d¢f¢r1, either over the life of the related asset (capital) or relating to C1$ incurred Rn future accounting period5 (revenue). 17. ULTIMATE CONTROLLING PARTY The Gjllingbam Con]mutiityaDd L£iwe Trust Limited is a whollyowned subsidiary company of The Three Rivers Parthership (based in the UK io GillinghanL Dorset- Cbarity Registration ttumber 1106977 Companynumber 04801788} and is ultill)aiely cootrolled by the ttustees and members of ihat company. Its objects are to promo the ixnefii of those wbo live and WO in Gillingham and the SurroLLnd8 area, including the provision of facilities in the interests of social welfare for recreatioll alld leisure time occupatiott Copies of the consolidated accounts can be obtained by writing to Riversme GiUiD8bam.
THE GILLIIYGHAM COMMUNITY AND LEISURE TRUST LIMrrED IMrrED BY GUARANfEE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 18. ANALYSIS OF NET ASSETS BETWTEN FUNDS Fund balances at 30 Juthe 2024 were represented by the following assets and Ithbiliti: UnrestrictrAI Restricted Tots] Funds 2023 Total 2024 2024 2024 Tangible red Currentassets clrent liabilities IA>ttg ierni liabilities 4.393.238 81.814 (2449221 (687,(M)6) £3,543,124 4,393.238 106.814 (244,922) (687,Cl)6) £3,568,124 4,375.203 76,110 (187.472) (502,205) £3,761,636 25.( £25,OIKI Fund balances at 30 June 2023 were repre5elliedby the following assets and liabiliues: Unre5trict¢d Funds 2023 Restricted Furtds 2023 Total 2023 Tangible f¢d assets Current assets CurreDt liabilities IA)ng term liabilities 4.375.203 51,110 (187,4721 {502205) 4,375.203 76,110 (187.472) (502205) £3,761.636 25.( £3,736,636 £25,OLN) 19. FiJNDS Balance 30.06.2 Balance 6.2024 Unrestrleted fullds General 3.736.636 1.597,562 (1.791,074) 3.543,124 Restricted fuDd$ Conimunity trilities 25.C4XI 25,(K)O £3.761,636 £1,597.562 (£1,791,074) £3.568.124 osey of Restrict Community facilities The charity is responsible forthe provision of ¢ommunity s¢rvic¢s COTrIPARATIVE YEAR. FUNDS Balance 30.06.2023 30.06.2022 Income Transfers Unrestrict¢d fuDd Genero1 fimd 3,884281 1.531,578 (1,679223) 3,736,636 Restrleted funds CotnmuDity (l11t1¢S 25.1JXI 25,000 £3.909.281 £IJ31,578 (£1,679223} £3.761.636
THE ILLINGHAM COMMUNITY AND LEISURE TRUST LINfrrED [MED BY UARANTEE NOTES TO THE ACCOUNTS R THE YEAR ENDED 30 JUNE 2024 20. TRUSTEE REMUNERATION & RELATED PARTY TRANsAcfIoNS No trustee orperson Telated to the ¢h8rityhad auypersonal interest in any contract or tr2nsa¢tio etttered into by the charity during the wiod, nor re1Ved any remw)ernion. One forn)er Thstee of the charity w&salso a member of shafbury Town Council, who ¢ngaged the charity to provide manaBemeDt cottsultancy and train lifeguards at a tcrtal cost of £8.137 (2023: £7.265). Another trustee was a memberof Gillingljam Town Coun¢iL who awarded #£683 an1 to the ¢hariWs parent and ¢harged thetn £828 for room hire. printing and tre¢ surgery. A third tsustee purcbased a piece of equipment for £100. which was approximately I[)0kva1Ue. The clwity also renied fllitieS to its parent (The Three RiversPartnership. Dorset) foT £3,032 aDd recharged them £272 for exp¢n5es incurred on its behalf. 21. SUBSIDIARY COMPANY Thrive Community Service5 Limited is awbollyowned subsidjary Company of The Gillingbam Community and Leisure Trust Limite& The subsidiary compaoy is dornwii and has n¢veT tr¥led 22. CAPITAL COMMrrMENTS The charityhas capitsl eornmitments of £56.001 at 30 June 2024 (2023.. £nil).
e20 THE GILLINGHAM COMMUNITY AND LEISURE TRUST LtMrrE IMITED BY GUARAKfEE 23. COMPARATIVE YEAR STATEMENT OF FINAI¥CIAL AcnvrrIL8 STATEMENT OF FTNANCIAL ArrrvTfiES CORPORATtNG tNCOME & EXPEPIDITiJT4E ACCOUN THE YEAR ND Vnr¢51ricted Restricted FuDd Fund 2023 Total Funds 2023 INCOME AND ENDOWMENTS FROM: Donati¢)n$, legacies and grants Charitable activities Other trdding income Investment income 9,803 1.158331 363.191 253 9.803 E,158,331 363.191 253 Total Income 1.531.578 1.53 1,578 EXPENDITURE ON: RaLSill8 fitnds Charitable activities OtherexpendiUUf 154.022 .517.621 7,580 154.022 ,517.621 7.580 Tfjtal Expendire 1,679223 1,679,223 Net {txptndlture) (147,645) (147.645) NET MOVEMENT IN FUNDS (147,645) (147,645) RECONCILtATION OF FUNDS Fund Balances brought forward 19 £3.884281 £25.0 £3,9)9.281 Fund Balances carried forward 19 £3.736,636 £25.0(KJ £3.761.636 The results derive from continuitig ¥tivities alld there areno 8aitis or l¢)sses other than those shown above.