**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￿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**
**£**
-
-| |---|---|---| Page 24