Registered number: 07452976 Charity number: 1139679
Faversham Community Gymnastic and Activity Centre (A company limited by guarantee)
Unaudited
Trustees' report and financial statements
for the year ended 31 March 2022
Faversham Community Gymnastic and Activity Centre (A company limited by guarantee)
| Page | |
|---|---|
| Reference and administrative details of the charity, its trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Trustees' responsibilities statement | 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 - 9 |
| Notes to the financial statements | 10 - 19 |
Faversham Community Gymnastic and Activity Centre
(A company limited by guarantee)
Reference and administrative details of the charity, its trustees and advisers for the year ended 31 March 2022
Trustees Mr R G Thornby, Former Chairman (resigned 31 December 2022) Mrs K D Thornby (resigned 9 December 2022) Mrs S C Wolfe, Chairman Mr M S Gates (resigned 28 April 2021) Mrs E R Prince (appointed 1 September 2021) Mr H Box (appointed 1 June 2022, resigned 15 December 2022) Mr D R Prince (appointed 1 July 2002) Company registered number 07452976 Charity registered number 1139679 Registered office Queen Elizabeth II Jubilee Centre 23A Whitstable Road Faversham Kent ME13 8BF Accountants Chavereys Chartered Accountants 2 Jubilee Way Faversham Kent ME13 8GD
Page 1
Faversham Community Gymnastic and Activity Centre
(A company limited by guarantee)
Trustees' report for the year ended 31 March 2022
The trustees present their annual report together with the financial statements of the charity for the year 1 April 2021 to 31 March 2022. The annual report serves the purposes of both a trustees' report and a directors' report under company law. The trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the charity qualifies as small under section 382 of the Companies Act 2006, the strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The objects of the charity are to assist in the provision of facilities to encourage physical and recreational activity for the benefit of the general public of all ages with the object of improving the conditions of life for such persons.
In setting objectives and planning for activities, the trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Objects
The charity provides facilities to the people of Faversham and the surrounding areas to enjoy gymnastic and fitness activities. There are no restrictions on who can take advantage of the facilities and the charity actively encourages disadvantaged and disabled members of society to take part in the activities available.
c. Activities undertaken to achieve objectives
The Trustees of FCGAC are pleased to report that the Trust continues to be in a position to offer a wide range of children and adult classes at the centre, however due to the corona virus outbreak these classes continued to be affected throughout the year. Gymnastic classes resumed when considered appropriate and in line with guidance from Sport England albeit with limited sizes and on a fortnightly rotation with the need for cleaning down after each class. Likewise, our work with Special Needs adults and children, together with sessions for disadvantaged children and their families, also remained restricted and only recommenced as Government guidelines permitted. However, the Soft Play remained closed for the greater part of the year as it was not feasible to adequately clean down the facility, but the Fitness Suite did reopen subject to a booking system and with participants cleaning down equipment after use.
Achievements and performance
a. Main achievements of the charity
Notwithstanding the pandemic, the Trustees are confident that the Centre will continue to provide an excellent service to the people of Faversham once social distancing measures were lifted. Despite the continuing deficit this year the Trust has adequate funds to continue with the replacement of old or inadequate equipment and further extend the facilities when required. The previous extensions made to the Centre have provided additional storage and gymnasium facilities which will continue to provide additional income, once they could again be fully utilised, with the Centre open to all adults and children. The Trustees are confident that despite the deficit this year the remaining financial resources provide sufficient working capital going forward to ensure the continued success of the Centre.
The Trustees gratefully acknowledge the enthusiasm and hard work of our staff and coaches, particularly during the need for cleaning down of equipment and social distancing.
Page 2
Faversham Community Gymnastic and Activity Centre
(A company limited by guarantee)
Trustees' report (continued) for the year ended 31 March 2022
Financial review
a. Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The Trustees policy relating to the reserves held by the Charity centres on the ultimate replacement of the building, housing the Centre, when it reaches the end of its useful life. In the meantime, any major works would also be met from the reserves.
c. Financial position
The Trustees continued to carry out outstanding repairs and replacements of equipment during the year when covid restrictions allowed and it was deemed safe to do so for both staff and contractors. The effects of the Covid pandemic gave rise to reduced income which affected the Centre for most of the year, and impacted significantly on the accounts however the deficit was reduced over the previous year. The Trustees are of the opinion that the Trust holds sufficient reserves to ensure the continued operation of the Centre.
The effects of the corona virus continued to be felt throughout 21/22 however the Trustees are confident that the Centre can weather the worst of the pandemic and come out the other side stronger and better equipped for the future.
The statement of financial activities shows total incoming resources of £386,773, of which £115,250 is in respect of unrealised gains on investments. Net outgoing expenditure, excluding unrealised gains, is £237,186.
The total reserves at the year end were £1,763,194, of which £1,044,160 were liquid.
Structure, governance and management
a. Constitution
The charity is constituted as a company limited by guarantee and is therefore governed by a memorandum and articles of association. The directors of the company are also trustees of the charity. Eligibility for membership of the charity, and membership of the board of trustees, is governed by the memorandum and articles of association. There are no restriction in the governing document on the operation of the charity or on its investment powers, other than those imposed by general charity law.
b. Methods of appointment or election of trustees
When new or additional trustees are required then nominations are invited from the general public and subject to their compliance with the Memorandum and Articles of Association they are considered by the board of trustees for election.
c. Share capital
The company is limited by guarntee and therefore has no share capital.
Page 3
Faversham Community Gymnastic and Activity Centre (A company limited by guarantee) Trustee5' report (continued) for the year ended 31 March 2022 Plans for future periods The Trustee5 of FCGAC intend to continue to offer a wide range of children and adult classes at thc centre and to work wsth Special Needs adult5 and children together with offering sessions for disadvantaged children and their families. all for the benefit of the comtnunity in Faversham and beyond. There are no irnmediate plan5 for further extensions to the Centre or major work5, the prioriiy for the Trustees is to improve revenue whi15t reducing expettditure such that the Centre rewrns to a surplus at the earliest opportunity. Members. liability The Members of the charity guarantee to contribute an &mount not exceeding £1 to the assets ol the charity in the event of windin2 UP. Approved by order of the members of the board of trustees and signed on their behalf by. Mrs S C Wolfe Date.. I I Pa¥e 4
Faversham Community Gymnastic and Activity Centre (A company limited by guarantee) Statement of Trustees. responsibilities for the year ended 31 March 2022 The trustees (who Are also the directors of the charity for the purposes of company lawl are responsible for preparing the Trustees, report tnd the financial statement5 in accordince with applicable law and United Kingdom Accountsng Standards (United Kingdom Generally Acceptsd Accounting Practice). Company law requires the trustees to prepare financial Statements for each financial year. Under company law, the trustses must not approve the financial 5titements unless they arÈ satisfied that chey give a true ind fair view of the State of alfairs of the charity and ol its incoming resources and application of resources, including its income and expenditure. for that period. In preparing ¢he5e financial statements, the trustees are required to-. select suitable iccounting policies and then apply them consistondy.. observe tho mcthod5 and principles of the Charities SORP {FRS 102)., make jLtd¥ment$ 2nd accounting estimate5 that are reasonable and prudenL state whether applicable UK Accounting Standards (FRS 1021 have been followed, subject to any materiil departures disclosed and explained in Ihe financial statements: prepare the financial statements on the gotng concern basis unles5 It is inapproprlate to presume that the chariLy will continue in busine5S. The trLSStee5 are responsible for keeping adequite accounting records that are 5ulficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to cnsure that the financial statements comply with the Companies Act 2006. They are a150 responsible for 5aleguardins the assets of the charity and hence for tal<ing reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the member5 of thÈ b02rd of rru5tees and signed on its behalf by.. Mr5 S C Wolfe Da- If Page 5
Faversham Community Gymnastic and Activity Centre {A company limited by guarantee) Independent examiner's report for the year ended 31 March 2022 Independent ex4vniner's report to the trustees of Faver5ham Communlty Gymnastic and Arti¥lty Cen¢re ('the charity.) I report tts the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2022. Respon5ibilitie5 and basis of report A5 the tru5(ees of the charity land irs director5 for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Compxnies Act 1006 {'the 2006 A¢t'l. Having satisfied myself that the accounts of the charity are not reqvired to be audited under Part 16 of the 2006 Act and are eligible ftsr independent exarnin3tion, I report in respect of my ex3mina¢ion ol the charity's accounts carried out undèr secrion 145 of thÈ crItIeS Act 201 1 I'thÈ 2011 Att'l. In carrying out my examination I have followed the Direcrions given by the Chari¢y Commi55ion under section 14515)Ibl of the 201 I Att Independent examiner's statement Since the charity's Rfos5 income exceeded £250,000 your exatniner must be a member of a body listed It) section 145 of the 201 I ACL I confirm that l am qualified to undertake the examinatyon because l am a member of rhe Institute ol CharEered Accountant5 In En8land and Wale4 which is one ol the listed bodies. I have <ornpleted my e¥amination. I confirm that Tro matEers have corne to ry attention ih connec(It)n the examination giving rne cav5e to belteve.. accounting records were not kept In respec¢ of the charity as requirèd by Section 386 of the 2006 Act,. or the accounts do not atctsrd with those records,. or the accounts do not comply with the accountyng requirements of section 396 of the 2006 Aci other than any requirement that the a£counts give a 'true and fair, TrAew whKh is not 2 matter considered as part of an independent examination," or the accounts have not been prepared in 2ccordante with the methods and principle5 01 the Staternent ol Recommended Practice lor acctsunting and reporting by charitie5 lapplicable ¢0 charities preparing their accouncs in ac<ordance with the Financill Reporting Standard applicable in the UK and Republic ol Ireland IFRS 10211. I have no con<erns and have come a¢rg55 no other mattsr5 in connection with the examinatyon to which attention should be drawn in thi5 report in tsrder to enable a proper understanding OF the accounts to be reached. This report made solely to the chiriry's trustee$. as a body, in aeeordante with Part 4 of the Char¢tyes (Accounts and Reportsl Regvhtions 2008. My work has been undertthen so that I might state to the ¢harity's Trustees those matters I am required to state 10 them in an indep¢ndent exaffliner'5 report and for no other purpose. To the fullest extent perrnitted by w, I do not accept Dr assume re5pon&ibility to anyone other than the charity and the charity'5 Erustees as body. for my work or for this repor¢.
Tred.. Dated- 1&/,/28 lain Morris ICAEVV Cha¥ereys Chartered Accountants ge6
Faversham Community Gymnastic and Activity Centre
(A company limited by guarantee)
Statement of financial activities (incorporating income and expenditure account) for the year ended 31 March 2022
| Note Income from: Donations and legacies 3 Charitable activities 4 Investments 5 Expenditure on: Charitable activities 6 Net expenditure before net gains on investments Net gains on investments Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2022 £ 16,676 215,291 39,556 271,523 508,709 (237,186) 115,250 (121,936) 1,885,131 (121,936) 1,763,195 |
Total funds 2022 £ 16,676 215,291 39,556 271,523 508,709 (237,186) 115,250 (121,936) 1,885,131 (121,936) 1,763,195 |
Total funds 2021 £ 110,010 29,225 37,217 |
|---|---|---|---|
| 176,452 372,881 (196,429) - |
|||
| (196,429) 2,081,560 (196,429) |
|||
| 1,885,131 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 10 to 19 form part of these financial statements.
Page 7
Faversham Community Gymnastic and Activity Centre (A company limited by guarantee) Registered number: 07452976
Balance sheet as at 31 March 2022
| Note Fixed assets Tangible assets 11 Investments 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current assets Total assets less current liabilities Net assets excluding pension asset Total net assets Charity funds Restricted funds 15 Unrestricted funds 15 Total funds |
2,930 53,910 56,840 (48,967) |
2022 £ 765,071 990,250 1,755,321 7,873 1,763,194 1,763,194 1,763,194 - 1,763,194 1,763,194 |
10,886 192,728 203,614 (7,300) |
2021 £ 813,817 875,000 |
|---|---|---|---|---|
| 1,688,817 196,314 |
||||
| 1,885,131 | ||||
| 1,885,131 | ||||
| 1,885,131 | ||||
| - 1,885,131 |
||||
| 1,885,131 |
Page 8
Favevsham Community Gymnastic and Activity Centre (A company limited by guarantee Registered number: 07452976 Balance sheet (continued) as at 31 March 2022 Th¢ charity wa5 entitled to exemption from audit under section 477 of the Companies Act 2006. The metnbers have not required the company to obtain an audit for the year in question in accordance with Section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accountin¥ records dnd preparation of financial statements. The financial statements have been prepared in &ctordancÈ with the provisions applicable to entities subje¢t to the sm211 companie5 regime. The financial statements were approved and authorised lor issue by the Trustees and signed on their behalf by.. Mrs S C Wolfe Date.. 1.3 The note5 0¥5 page5 1 O to 19 form part ol these financial statements. Page 9
Faversham Community Gymnastic and Activity Centre
(A company limited by guarantee)
Notes to the financial statements for the year ended 31 March 2022
1. General information
The charity is a public benefit entity and a private company limited by guarntee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Queen Elizabeth II Jubilee Centre, 23A Whitstable Road, Faversham, ME13 8BF, Kent.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The accounts are presented in pounds sterling and are rounded to the nearest £1.
Faversham Community Gymnastic and Activity Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
The trustees are not aware of any material matters that would lead to the reasonable conclusion that the charity is not a going concern and the financial statements are therefore prepared on this basis.
2.3 Income
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
Page 10
Faversham Community Gymnastic and Activity Centre
(A company limited by guarantee)
Notes to the financial statements for the year ended 31 March 2022
2. Accounting policies (continued)
- 2.5 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
- Long-term leasehold property 2-5% straight line - Plant and machinery 10-25% straight line
2.6 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the statement of financial activities.
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
2.8 Pensions
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
2.9 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
Page 11
Faversham Community Gymnastic and Activity Centre
(A company limited by guarantee)
Notes to the financial statements for the year ended 31 March 2022
3. Income from donations and legacies
| Donations Government grants Total 2021 |
Unrestricted funds 2022 £ 543 16,133 16,676 110,010 |
Total funds 2022 £ 543 16,133 16,676 110,010 |
Total funds 2021 £ 206 109,804 |
|---|---|---|---|
| 110,010 | |||
4. Income from charitable activities
| Gym fees - members Adventure play fees Gym hire Adventure play hire Clothing sales Badges and trophies Cafe takings Classes Other income Total 2021 |
Unrestricted funds 2022 £ 149,676 25,841 3,840 396 2,927 383 15,398 14,804 2,026 215,291 29,225 |
Total funds 2022 £ 149,676 25,841 3,840 396 2,927 383 15,398 14,804 2,026 215,291 29,225 |
Total funds 2021 £ 24,795 - 813 708 1,279 - 541 - 1,089 |
|---|---|---|---|
| 29,225 | |||
Page 12
Faversham Community Gymnastic and Activity Centre
(A company limited by guarantee)
Notes to the financial statements for the year ended 31 March 2022
5. Investment income
| Income from other investments Bank deposit interest Total 2021 |
Unrestricted funds 2022 £ 39,546 10 39,556 37,217 |
Total funds 2022 £ 39,546 10 39,556 37,217 |
Total funds 2021 £ 37,115 102 |
|---|---|---|---|
| 37,217 |
6. Analysis of expenditure on charitable activities
Summary by fund type
| Charitable activities Total 2021 Analysis of expenditure by activities Charitable activities Total 2021 |
Activities undertaken directly 2022 £ 296,839 224,294 |
Unrestricted funds 2022 £ 508,709 508,709 372,881 Support costs 2022 £ 211,870 148,587 |
Total funds 2022 £ 508,709 508,709 372,881 Total funds 2022 £ 508,709 372,881 |
Total funds 2021 £ 372,881 |
|---|---|---|---|---|
| 372,881 | ||||
| Total funds 2021 £ 372,881 |
7. Analysis of expenditure by activities
Page 13
Faversham Community Gymnastic and Activity Centre
(A company limited by guarantee)
Notes to the financial statements for the year ended 31 March 2022
7. Analysis of expenditure by activities (continued)
Analysis of support costs
| Premises General office Depreciation Irrecoverable VAT Governance costs Total 2021 |
Charitable activities 2022 £ 58,328 48,449 65,130 37,563 2,400 211,870 148,587 |
Total funds 2022 £ 58,328 48,449 65,130 37,563 2,400 211,870 148,587 |
Total funds 2021 £ 44,537 34,189 67,361 - 2,500 |
|---|---|---|---|
| 148,587 | |||
8. Independent examiner's remuneration
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Fees payable to the charity's independent examiner for the independent | ||
| examination of the charity's annual accounts | 2,500 | 1,800 |
Page 14
Faversham Community Gymnastic and Activity Centre
(A company limited by guarantee)
Notes to the financial statements for the year ended 31 March 2022
9. Staff costs
| Wages and salaries Employer social security costs Employer contributions to pension plans |
2022 £ 238,856 12,413 8,231 259,500 |
2021 £ 205,610 8,828 5,836 |
|---|---|---|
| 220,274 |
Redundancy and termination payments of £16,533 were made in respect of staff who left the employment of the charity during the year. There were no amounts payable at the balance sheet date. The payments are included within expenditure directly realted to charitable activities in the year in which they are incurred.
The average number of persons employed by the charity during the year, including the directors, was 34 (2021: 24).
No employee received remuneration amounting to more than £60,000 in either year.
10. Trustees' remuneration and expenses
During the year, no trustees received any remuneration or other benefits (2021 - £NIL) .
During the year, no trustee expenses have been incurred (2021 - £NIL) .
Page 15
Faversham Community Gymnastic and Activity Centre
(A company limited by guarantee)
Notes to the financial statements for the year ended 31 March 2022
11. Tangible fixed assets
| Cost or valuation At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 12. Fixed asset investments Cost or valuation At 1 April 2021 Revaluations At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 |
Long-term leasehold property £ 1,210,722 - 1,210,722 470,271 24,961 495,232 715,490 740,451 |
Plant and machinery £ 681,773 16,385 698,158 608,407 40,169 648,576 49,582 73,366 |
Total £ 1,892,495 16,385 |
|---|---|---|---|
| 1,908,880 | |||
| 1,078,678 65,130 |
|||
| 1,143,808 | |||
| 765,072 | |||
| 813,817 | |||
| Listed investments £ 875,000 115,250 |
|||
| 990,250 | |||
| 990,250 | |||
| 875,000 |
The investments were remeasured to fair value at the year end. Fair value is determined using the quoted market price in an active market.
Page 16
Faversham Community Gymnastic and Activity Centre
(A company limited by guarantee)
Notes to the financial statements for the year ended 31 March 2022
13. Debtors
| Trade debtors Other debtors Prepayments and accrued income |
2022 £ 175 - 2,755 2,930 |
2021 £ 450 1,628 8,808 |
|---|---|---|
| 10,886 |
14. Creditors: amounts falling due within one year
| Trade creditors Other taxation and social security Accruals and deferred income |
2022 £ 5,407 41,060 2,500 48,967 |
2021 £ - 2,300 5,000 |
|---|---|---|
| 7,300 |
Page 17
Faversham Community Gymnastic and Activity Centre
(A company limited by guarantee)
Notes to the financial statements for the year ended 31 March 2022
15. Statement of funds
Statement of funds - current year
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 | Gains/ | 31 March | |||
| April 2021 | Income | Expenditure | (Losses) | 2022 | |
| £ | £ | £ | £ | £ | |
| Unrestricted funds | |||||
| General funds - all funds | 1,885,131 | 271,522 | (508,709) | 115,250 | 1,763,194 |
| Statement of funds - prior year | |||||
| Balance at | |||||
| Balance at | 31 March | ||||
| 1 April 2020 | Income | Expenditure | 2021 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General funds - all funds | 2,081,560 | 176,452 | (372,881) | 1,885,131 |
16. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2022 £ 765,071 990,250 56,840 (48,967) 1,763,194 |
Total funds 2022 £ 765,071 990,250 56,840 (48,967) |
|---|---|---|
| 1,763,194 |
Page 18
Faversham Community Gymnastic and Activity Centre
(A company limited by guarantee)
Notes to the financial statements for the year ended 31 March 2022
16. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Tangible fixed assets Fixed asset investments Current assets Creditors due within one year Total |
Unrestricted funds 2021 £ 813,817 875,000 203,614 (7,300) 1,885,131 |
Total funds 2021 £ 813,817 875,000 203,614 (7,300) |
|---|---|---|
| 1,885,131 |
17. Pension commitments
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost included in expenditure represents contributions payable by the charity to the fund and amounted to £8,231 (2021 - £5,836). There were no amounts payable to the fund at the balance sheet date (2021 - £nil).
18. Related party transactions
The charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the charity at 31 March 2022.
Page 19
Favesham Community Gymnastic and Activity Centre
Detailed profit and loss account for the year ended 31 March 2022
| Donations and legacies Charitable activities Investments Less: Expenses Direct expenses Support costs Net expenditure before net gains on investments Net gains on investments Net movement in funds |
2022 £ 16,676 215,291 39,556 271,523 296,839 211,870 508,709 (237,186) 115,250 (121,936) |
2021 £ 110,010 29,225 37,217 176,452 224,294 148,587 372,881 (196,429) - (196,429) |
|---|---|---|
Page 20
Favesham Community Gymnastic and Activity Centre
Schedule to the detailed accounts for the year ended 31 March 2022
| Income Donations and legacies Donations Government grants Charitable activities Gym fees - members Adventure play fees Gym hire Adventure play hire Clothing sales Badges and trophies Café takings Classes Other income Investments Income from other investments Bank deposit interest |
2022 £ 543 16,133 16,676 2022 £ 149,676 25,841 3,840 396 2,927 383 15,398 14,804 2,026 215,291 2022 £ 39,546 10 39,556 |
2021 £ 206 109,804 110,010 2021 £ 24,795 - 813 708 1,279 - 541 - 1,089 29,225 2021 £ 37,115 102 37,217 |
|---|---|---|
Page 21
Favesham Community Gymnastic and Activity Centre
Schedule to the detailed accounts
for the year ended 31 March 2022
| Expenditure Direct expenses Gross wages and salaries Employers national insurance contributions Employers pension contributions Recruitment costs Self-employed instructors Employee termination costs Training and welfare Café and party purchases Clothing purchases Badges and trophies Gym purchases Support costs Premises Rent Rates Light and heat Repairs and maintenance Insurance Cleaning |
2022 £ 238,856 12,413 8,231 398 90 16,533 5,074 9,101 4,050 407 1,686 296,839 2022 £ 2,458 (1,261) 16,517 22,472 13,271 4,871 58,328 |
2021 £ 205,610 8,828 5,836 139 722 - 1,074 487 922 676 - 224,294 2021 £ 2,440 350 20,954 11,533 8,412 848 44,537 |
|---|---|---|
Page 22
Favesham Community Gymnastic and Activity Centre
Schedule to the detailed accounts for the year ended 31 March 2022
| General office costs Telephone Other office costs Advertising and PR Covid 19 protective measures Subscriptions and fees Awards made Stationery and printing Consultancy fees Bank charges Sundry expenses Depreciation Depreciation on leasehold property Depreciation on plant and machinery Irrecoverable VAT Irrecoverable VAT Governance costs Accountancy Total support costs |
2022 £ 3,281 1,765 175 1,632 4,443 6,000 1,389 13,400 8,898 7,466 48,449 2022 £ 24,961 40,169 65,130 2022 £ 37,563 37,563 2022 £ 2,400 2,400 211,870 |
2021 £ 2,844 3,678 201 5,725 1,135 4,000 755 11,675 1,347 2,829 34,189 2021 £ 24,214 43,147 67,361 2021 £ - - 2021 £ 2,500 2,500 148,587 |
|---|---|---|
Page 23
Favesham Community Gymnastic and Activity Centre
Schedule to the detailed accounts for the year ended 31 March 2022
| Investment gains and losses Unrealised gains on investments |
2022 £ 115,250 115,250 |
2021 £ - - |
|---|---|---|
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