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2020-12-31-accounts

Future Leisure in Coxhoe

(A company limited by guarantee with charitable status)

Report and Financial Statements

For the Year Ended 31 December 2020

Charity Number: 1145037 Company Number: 07776929

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Future Leisure in Coxhoe

Report and accounts for the year ended 31 December 2020

Contents

Page
Charity information 1
Trustees' Annual Report 1
Statement of directors' responsibilities 9
Independent Examiner's Report 10
Funds Statements:-
Statement of Financial Activities 12
Statement of Financial Activities - Prior Year statement 13
Statement of total recognised gains and losses 14
Movements in funds 15
Income and Expenditure account 16
Balance sheet 17
Notes to the accounts 18

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Contents of Trustee Report

Reference and Administration Details
Structure, Governance and Management

Objectives and Activities

The History of FLiC and the Active Life Centre
Making a Difference in our Community
Achievements and Performance

Future Plans

Financial Review

Declaration

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The Directors of Future Leisure in Coxhoe (FLiC) presents its annual report and audited
financial statements for period ending 31 December 2020.

Reference and Administration Information

Charity Name:    Future Leisure in Coxhoe (FLiC)
Charity registration number:  1145037
Company registration number: 07776929
Registered Address: Active Life Centre
Linden Grove

Coxhoe
Durham
DH6 4DW

Directors

Michael Lavelle  Chief Executive
Kevin Appleby  Deputy Chief Executive
Wendy Lavelle  Secretary
Candace Gilbert
Stuart Dunn
Michael Vasey
Paul Soler
Amy Harden
Keith Barron

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Structure, Governance and Management

FLiC is a charitable company limited by guarantee incorporated on 16 September 2011 and
registered as a charity from 13 December 2011. The company was established under a
Memorandum of Association which established the objects and powers of the charitable
company and is governed under its Articles of Association. In the event of the company being
wound up members are required to contribute an amount not exceeding £1.00.

The charity was formed to facilitate the transfer of the Active Life Centre @Coxhoe (then known
as Coxhoe Leisure Centre) to a community organisation from Durham County Council and so save
it from closure. A maximum of 9 directors was agreed and the initial group of directors were
elected at a public meeting of volunteers who formed the community organisation to save the
facility. The directors were chosen to give a wide area of expertise to reduce the need to bring in
potentially costly advisors.

Under the terms of the Memorandum and Articles of Association the directors are excluded from
receiving any benefits from the charity (financial or otherwise). They are all aware of this
condition but still volunteer their time and expertise for the benefits of the community the
charity serves.

The board of directors is made up of 9 posts and is led by the Chief Executive with an identified
Deputy and a Secretary. The Chief Executive also currently undertakes the role of Finance Officer
with 3 directors and the Centre Manager having signatory powers. 2 signatures are required for
any financial activity.

At the first AGM all directors were required to seek re-election but from the second year
onwards only 3 directors will be up for re-election each year. At the Board Meeting on April 12 all
the directors present expressed a desire to continue. Keith Barron has been a welcome addition
to the Board having been added to the team during the year. There have been no other director
changes during 2020 so all positions are filled. The directors who are up for re-election this year
are Kevin Appleby, Amy Harden and Paul Soler.

A promotional campaign will be undertaken prior to the AGM to ensure a wide mix of potential
directors are identified. An election is undertaken for anybody nominated at the AGM and all
members of FLiC present have a vote in accordance with the category of membership they hold.

FLiC continue to work closely with Coxhoe & Quarrington Hill Parish Council to ensure the
community is well represented in the fulfilment of the FLiC aims and objectives. We also continue
to work closely with local businesses, schools, Durham County Council and Councillors and other
local community organisations.  We still strive to build a relationship with the local doctors
surgery.

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Objectives and Activities

Our charity’s objectives as set out in the articles of association are:

‘’To further or benefit the inhabitants of Coxhoe and the surrounding areas, without distinction of
sex, sexual orientation, race or of political, religious or other opinions by associating together the
said inhabitants and the local authorities, voluntary and other organisations in a common effort to
advance education and to provide facilities in the interests of social welfare for recreation and
leisure-time occupation with the objective of improving the conditions of life for the residents.’’ In
furtherance of these objects but not otherwise, the trustees shall have power:

‘’To establish or secure the establishment of a leisure centre.’’

In order to carry out our aims and objectives and when planning our future activities we have
referred to the guidance contained in the Charity Commissions general guidance on public benefit.
Specifically, we have acquired a 35 year lease on Coxhoe Leisure Centre which we have renamed the
Active Life Centre @Coxhoe.

The focus of delivering public benefit is the Active Life Centre. From this base we have created a
focal point of activities for the young and older within our area, those that are able and those that
are not so able. All activities are available to all ages and abilities and to members and non-
members. These activities include:

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The History of FLiC and the Active Life Centre

The first target for FLiC was to secure the lease from Durham County Council to operate Coxhoe
Leisure Centre and avoid its closure. The first date of transfer was 16 November 2011 under a
Tenancy at Will agreement with the commencement of a 35 year lease in March 2012. The lease was
granted after consideration of our Business Plan and Coxhoe Leisure Centre was immediately
renamed the Active Life Centre @ Coxhoe.

The business plan identified that the £250,000 losses incurred on a yearly basis by Durham County
Council would not be eradicated until after 3 years trading. In order to commence trading we
secured a one off donation totalling £30,000 from our 2 County Councillors, and £30,000 donated by
Coxhoe Parish Council in each of the first 3 years of our tenancy. The third of these yearly donations
was received in 2014, however, we are grateful to Coxhoe Parish Council who have committed a
yearly amount of £4000 from 2015.

The transfer of the Leisure Centre included the TUPE transfer of 6 full time staff and 2 part time
coaches. With the appointment of an experienced manager we were immediately supporting 7 full
time staff, numerous coaches, instructors and local businesses. So, not only was there a social and
wellbeing benefit to keeping the Centre open, we have also created an economic boost to the local
community.

We have secured funding to create a new reception, 2 new studios and a marquee style Events
Venue. The staff structure has changed over the years but at the end of 2020 we operated with 7 full
time staff, 7 casual staff and continue to be available for apprentiship and work placement schemes.

In 2017 Lindsey Gibson was appointed as Centre Manager and continues to lead the staff very well.
All the staff have been a credit to themselves and have worked very well together to make it an
enjoyable experience for everyone to visit the Centre. The directors would like to thank the staff for
their continued commitment to the charities aims and objectives and for making the member
experience so enjoyable and possible during the past Covid19 blighted 12 months.

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Achievements and Performance

The year 2020 (and probably 2021) will forever be remembered as the year(s) of coronavirus
and Covid19. Our thoughts go to everyone who has been badly affected by this deadly virus.

As an organisation we have been affected financially by the need to have periods of closure
and/or national lockdown which have meant we were closed from the end of March to the
end of July, then again from the beginning of November to the beginning of December. In
addition, in some of the periods when it was considered safe to open we were severely
restricted by regulations in the activities we could provide.

A lot of time, effort, finance and commitment was put into making sure that we provided a
safe and workable environment for our staff, members and visitors. We consulted with
National Governing Bodies, Local Government, and the Leisure Sector Leaders to ensure we
did everything possible to ensure the safety of everyone in our community. This was achieved
with minimum fuss but from the number of visitors we had and the positive comments we
received it was appreciated.

And it was successful. The policies and procedures we implemented contributed to keeping
everyone safe with no members of staff contracting Covid19 and no virus transfer between
members/visitors.

During 2020 we were unable to provide the popular School Holiday Activities due to Covid19
but hope to be allowed in 2021. In addition we had connected with other providers within the
village and were ready to begin a merged Toddler Group on at least 2 mornings a week which
we will commence as soon as permitted.

The Youth Clubs and other private bookings such as slimming groups and the social get
togethers after exercise classes were also suspended but will be back in 2021.

In 2019 the Coxhoe Trail Run was sold out but the 2020 event, like many other events
worldwide, had to be cancelled. It is now established as an event within local running clubs
and within the community as a fun run so we look forward to hosting it again in Sept 2021.

Squash and Badminton was restricted to single households when we were open but the
National Governing Bodies of indoor team sports confirmed that they were not permissible.
This has especially affected Coxhoe Crusaders Netball Team who are based at the Active Life
Centre and the Durham City Roller Angels.

For some periods of the year Fitness Classes were allowed as normal, other periods they were
allowed but with big restrictions, and at other times they were not allowed at all. During the
periods of restriction we moved the classes into the Main Hall as the restrictions had also
affected the normal Hall activities and so gave us the availability of the bigger space.

During the periods we were open the Gym was in use but with strict regulations in place to
comply with all the Government Regulations and requirements. At the beginning of 2020 we
agreed to access our Sink Fund to replace some of the older, outdated Gym equipment and a
contract was signed to do so. This was installed in August which have proven very successful
in further emphasising the modern, up to date Gym experience.

In addition to the Gym, some outdoor activities were allowed for certain periods of time
within the year. These included 5-a-side and Walking Football. Having an outside 3G pitch

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proved invaluable to provide some much needed exercise and social interaction for some of
the most vulnerable within our community.

Many family events were affected during 2020 due to the pandemic with weddings,
christenings, birthday parties etc having to be postponed or cancelled altogether. We hope to
welcome everyone back next year.

During the first 8 years we reduced the losses from £250,000 per year to a point where we now
confidently predict a yearly surplus. This is a massive achievement which we continue to be very
proud of. However, our ninth year of operation was not a predictable year and we had a trading loss,
detailed in the 2020 accounts. Despite this loss, and because of the work done over the previous 8
years, we are still able to move forward in a healthy position. Again, we are very proud of this
achievement.

Our membership figures have been hit by the pandemic so on 1[st] January 2021 our membership numbers were 467 (down 199) which includes short term and annual members. 

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Future Plans

In our report for 2019 we stated the following

We have attempted to implement a GP referral scheme which requires a connection with local doctor surgeries. So far these efforts have been unsuccessful but we will continue to try and engage with the local surgeries as this scheme would be a huge benefit to the health and wellbeing of our community.

We have identified an improvement that is required for the Reception Area. We currently have a small space for members to sit and wait for their class to start which doubles as a waiting area for parents etc whilst a class or school holiday activity completes. This area is accessed by the main door into reception and therefore receives the full ‘force’ of the wind tunnel created by a constantly opening and closing of the only door. This also affects the reception staff. To try and combat the problem the heating is constantly being utilised, increasing costs, but without much benefit.

Therefore, in 2020 we will explore the possibility of creating a small extension to the building at the point of entrance to stop the wind tunnel effect and to create a much more friendly waiting / coffee bar reception area. This will give a better working environment for the staff, reduce the heating costs, create a welcoming experience for the parents etc and in turn generate income from coffee/vending sales.

Further improvement to the Gym will be explored. This would involve the costings towards a partition between the raised area of the Gym and the Main Hall below.

We are supporting Coxhoe Parish Council in their plan to resurrect the cricket pitch and will continue to provide a base for any activities they can get off the ground. 

Due to Covid19 it was not possible to undergo any of the above during 2020 and it is not looking like
it will be possible in 2021 either so we are hoping to commence the above in 2022.

Our immediate plans for 2021 will be to continue our good work for the community and improve our
visitor numbers, memberships etc back to get back to the pre Covid19 levels.

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Financial Review

The financial position of the Active Life Centre was very poor when the transfer was made but
the staff and directors have worked very well together to eradicate the trading loss. According
to DCC they were losing approximately £250,000 per year but the turn around has been so
great that we expect to increase our Reserve/Sink Fund account each year.

However, the pandemic of 2020 could not have been predicted or avoided. The financial
strength that we have worked hard to create has still enabled us to move forward with
confidence despite the losses of the year.

Before the pandemic hit the country we committed to purchasing new Gym Equipment. This
was installed after the first lockdown in August and paid from the Sink Fund.

During the periods of closure we accessed the Government Furlough Scheme and the
Government Grant schemes, none of which need repaying. Financially speaking we have been
‘knocked back’ at least 2 years but without these schemes the financial picture would look
much worse.

During the first lockdown we applied for £10,000 from Sport England which was granted and
for which we are very grateful.

We have made a claim to our insurance company under the Business Interruption Policy but
this has not been resolved by the end of 2020.

The directors cannot thank the staff enough for their continued hard work and commitment
during these trying times.

The board of directors have given consideration to a Reserves Policy. The importance of
building reserves is understood and is constantly under review. At the end of 2020 our
Reserve Account had a balance of £50361.62. In addition, a balance of £43307.17 was in the
main daily business account.

The accompanying year end accounts have been prepared by Tracy Lewis Bowman to provide
an independent assessment of FLiC’s finances.

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Statement of Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the
Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that ,on
the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

Michael J Lavelle 

Trustee

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Future Leisure in Coxhoe

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 December 2020

I report to the Trustees on my examination of the financial statements of the charity on pages 12 to 17 for the year
ended 31 December 2020 which have been prepared in accordance with the Charities Act 2011 (the Act) and  with the
Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of
Recommended Practice for Accounting and Reporting by Charities)  2015, (as amended by the Bulletin issued in
October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP),  published
by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting
policies set out on from page 18.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 9, you, the charity's Trustees, are responsible for the preparation of the financial statements in
accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted
Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and
fair view.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply,
and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the
Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or
otherwise, and are eligible for independent examination, it is my responsibility to:-

 a) examine the financial statements of the charity under Section 145 of the
Act;

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b)
of the Act.

Basis of Independent Examiner's Statement and scope of work undertaken

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying
out my examination, I have followed all the applicable Directions given by the Charity Commission under section
145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent
examination.  An independent examination includes a review of the accounting records kept by the charity and of the
accounting systems employed by the charity and a comparison of the financial statements presented with those records.
It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations
from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that
there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and
disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied
by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the
matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the
limited assurance that an independent examination can provide

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Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I
express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my
report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are
achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

Independent Examiner's Statement, Report and Opinion

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can
confirm that:-

This  is a report in respect of an examination carried out under 145 of the Act  and in accordance with Directions given
by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

and that no material matters have come to my attention in connection with the examination giving me cause to believe
that in any material respect:-

accounting records were not kept in respect of the charity as required by  with Section 130 of The Charities
Act 2011;

the financial statements do not accord with those records; or

the financial statements do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that
the accounts give a 'true and fair' view, which is not a matter considered as part of an independent
examination;

 have not been prepared in accordance with  the methods and principles set out in the FRS 102 SORP
(Statement of Recommended Practice for Accounting and Reporting by Charities)  2015, (as amended by the
Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January
2019), (The SORP).

I have no concerns and have come across no other matters in connection with the examination to which attention should
be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Signed:- 

Tracy Lewis Bowman - Independent Examiner

Association of Accounting Technicians

3 Bonnie Grove
Byers Green
Spennymoor
County Durham
DL16 7QH

This report was signed on 13 April 2021

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Future Leisure in Coxhoe - Statement of Financial Activities for the year ended 31 December 2020

Statement of Financial Activities for the year ended 31 December 2020

SORP
Ref
Income & Endowments
from:
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Investments
A4
Other
A5
Total income
A
Expenditure on:
Raising funds
B1
Charitable activities
B2
Total expenditure
B
Net income for the year
Net income after transfers
A-B-
C
Net movement in funds
Reconciliation of funds:-
E
Total funds brought
forward
Total funds carried forward		 Current year
Unrestricted
Funds
2020
£
107,148
134,999
3,409
120
480
246,156
4,781
255,792
260,573
(14,417)
(14,417)
(14,417)
188,412
173,995		 Current year
Restricted
Funds
2020
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Current year
Total Funds
2020
£
107,148
134,999
3,409
120
480
246,156
4,781
255,792
260,573
(14,417)
(14,417)
(14,417)
188,412
173,995		 Prior Year
Total Funds
2019
£
14,024
272,830
43,228
187
165
330,434
26,826
279,390
306,216
24,218
24,218
24,218
164,194
188,412		 
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by
paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance
Sheet.

A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts.

All activities derive from continuing operations

The notes attached on pages 18 to 35 form an integral part of these accounts. 

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Future Leisure in Coxhoe - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP

SORP
Ref
Income & Endowments from:
Donations & Legacies
A1
Charitable activities
A2
Other trading activities
A3
Investments
A4
Other
A5
Total income
A
Expenditure on:
Raising funds
B1
Charitable activities
B2
Other
B3
Tax on surplus on ordinary
activities
B3
Other taxation
B3
Total expenditure
B
Net gains on investments
B4
Net income for the year
Transfers between funds
C
Net income after transfers
Net movement in funds
Reconciliation of funds:-
E
Total funds brought forward
Total funds carried forward
Prior Year
Unrestricted
Funds
2019
£
7,336
272,830
43,228
187
165
323,746
26,826
279,390
-
-
-
306,216
-
17,530
9,523
27,053
27,053
161,359
188,412		 Prior Year
Restricted
Funds
2019
£
6,688
-
-
-
-
-
6,688
-
-
-
-
-
-
-
-
6,688
(9,523)
(2,835)
(2,835)
2,835
-		 Prior Year
Total Funds
2019
£
14,024
272,830
43,228
187
165
330,434
26,826
279,390
-
-
-
306,216
-
24,218
-
24,218
24,218
164,194
188,412

All activities derive from continuing operations

The notes attached on pages 18 to 35 form an integral part of these accounts. 

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Statement of Total Recognised Gains and Losses for the year ended 31 December 2020

Surplus for the year :-
Net excess of income over expenditure from operations before tax
Realised gains/(losses) on the disposal of tangible fixed assets
Realised gains on disposals of social investments which are programme related
Income from operations before tax in the Statement of Financial Activites
Add/(deduct) non income and expenditure items:-
Grants for the acquisition of fixed assets
Net Movement in funds before taxation
Funds generated in the year as shown on Statement of Financial Activities		 2020
£
(14,897)
480
-
(14,417)
-
(14,417)
(14,417)		 2019
£
17,365
165
-
17,530
6,688
24,218
24,218

The notes attached on pages 18 to 35 form an integral part of these accounts.

Future Leisure in Coxhoe - Resources applied in the year ended 31 December 2020 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Other applications of funds
Net resources available to fund charitable activities		 2020
£
(14,417)
(16,672)
-
(31,089)		 2019
£
24,218
(22,063)
-
2,155 
The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any
disposals.

The notes attached on pages 18 to 35 form an integral part of these accounts.

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Movements in revenue and capital funds for the year ended 31 December 2020

Revenue accumulated funds

Accumulated funds brought
forward
Recognised gains and
losses before transfers
Closing revenue funds
Summary of funds
Revenue accumulated
funds		 Unrestricted
Funds
2020
£
188,412
(14,417)
173,995
173,995
Unrestricted
and
Designated funds
2020
£
173,995		 Restricted
Funds
2020
£
-
-
-
-
Restricted
Funds
2020
£
-		 Total
Funds
2020
£
188,412
(14,417)
173,995
173,995
Total
Funds
2020
£
173,995		 Last
year
Total
Funds
2019
£
164,194
24,218
188,412
188,412
Last
Year
Total
Funds
2019
£
188,412

The notes attached on pages 18 to 35 form an integral part of these accounts. 

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Future Leisure in Coxhoe

Income and Expenditure Account for the year ended 31 December 2020 as required by the Companies Act 2006

Income
Income from operations
Investment income and interest
Interest receivable
Gross income in the year before exceptional items
Exceptional items:
Realised gains on disposals of tangible fixed assets held for the charity’s own use
Gross income in the year including
exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Fundraising costs
Governance costs
Interest payable
Realised losses on disposals of social investments which are programme related
Total expenditure in the year
Net income before tax in the financial year
Tax on surplus on ordinary activities
Net income after tax in the financial year
Retained surplus for the financial year
All activities derive from continuing operations		 2020
£
245,556
120
245,676
480
246,156
226,086
27,918
4,781
1,500
288
-
260,573
(14,417)
-
(14,417)
(14,417)		 2019
£
323,394
187
323,581
165
323,746
252,109
25,781
26,826
1,500
-
-
306,216
17,530
-
17,530
17,530		 
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and
Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 18 to 35 form an integral part of these accounts. 

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Future Leisure in Coxhoe - Balance Sheet as at 31 December 2020

Notes
SORP
Ref
Fixed assets
A
Tangible assets
12
A2
Current assets
B
Stocks
B1
3,937
Debtors
14
B2
8,876
Cash at bank and in hand
B4
94,733
Total current assets
107,546
Creditors: amounts falling due
within one year
15
C1
(20,531)
Net current assets
Net assets
Creditors: amounts falling due after
more than one year
16
C2
The total net assets of the charity
The total net assets of the charity are funded by the funds of the
Restricted funds
Unrestricted Funds
Unrestricted Revenue Funds
19
D3
173,995
Designated Funds
Total charity funds		 3,937
8,876
94,733		 2020
£
88,599

3,937

3,067

103,410

110,414
(12,327)
87,015
175,614
(1,619)
173,995
charity, as follows:-
-

188,412
173,995
173,995		 3,937
3,067
103,410		 2019
£
90,325
98,087
107,546
(20,531)		 110,414
(12,327)
188,412
-
188,412
-
188,412
188,412 
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP
documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds
above have been agreed to the SOFA..

 The charity is subject to Independent Examination under charity legislation, and the report of the
Independent Examiner is on page 10

The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so
registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the
Companies Act 2006. applicable to companies subject to the small companies regime.

Michael J Lavelle

Trustee
Approved by the board of trustees on 13 April 2021

The notes attached on pages 18 to 35 form an integral part of these accounts. 

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FUTURE LEISURE IN COXHOE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2020

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention 

The accounts have been prepared on the accruals basis, under the historical cost convention, and in
accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP
(Statement of Recommended Practice for Accounting and Reporting by Charities)  2015, (as amended by the
Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019),
(The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and
in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has
prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice
for Accounting and Reporting by Charities)  2015, (as amended by the Bulletin issued in October 2018 and
applicable to all accounting periods beginning on or after 1st January 2019), (The SORP),  in preference to the
previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory
regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has
been done to accord with current best practice.

Going Concern

The charitable activities are dependent on trading revenues as well as grant aid and voluntary donations. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 December 2021 , the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainties about the charity's ability to continue as a going concern.

Risks and future assumptions

The charity is a public benefit entity.

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NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2020

Policies relating to categories of income and income recognition.

Nature of income

Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work
carried out in respect of services provided to customers.

Categories of Income

Income is categorised as income from exchange transactions (contract income) and income from non-exchange
transactions (gifts), investment income and other income.

Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.

Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.

Income recognition

Income, whether from exchange or non-exchange transactions, is recognised in the statement of financial activities
(SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a
reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be
measured reliably.

Income subject to terms and conditions which must be met before the charity is entitled to the resources is not
recognised until the conditions have been met.

All income is accounted for gross, before deducting any related fees or costs.

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FUTURE LEISURE IN COXHOE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2020

Accounting for deferred income and income received in advance

Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can
meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it
is probable that the terms or conditions imposed can be met.

 Any grant that is subject to performance-related conditions received in advance of delivering the goods and services
required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is
accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to
income in the reporting period in which the performance-related or other conditions that limit recognition are met.

When income from a grant or donation has not been recognised due to the conditions applying to the gift not being
wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation
is probable once those conditions are met.

Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods
concerned, and, where applicable, is accounted for as a liability and shown on the balance sheet as deferred income.
When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time
related conditions, then the income is not deferred.

Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent
recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes
probable.

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution
from volunteers, the contribution of volunteers is not included within the income of the charity.

However, the trustees’ value the significant contribution made to the activities of the charity by unpaid volunteers and
this is described more fully in Note 7.

Policies relating to assets, liabilities and provisions and other matters.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described
above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value
over their estimated useful lives.
Alterations 10 yrs straight line
Gym Equipment 5yrs straight line
3G Pitch 10yrs straight line
Office Equipment 3yrs straight line 
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FUTURE LEISURE IN COXHOE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2020

Accounting for capital grants and fixed asset funds. 

Gifts of tangible fixed assets or grants of a capital nature, given for the purposes of acquiring specific assets to be
fully utilised in the furtherance of the objects of the charity, are credited to fixed asset funds after the donated asset
has been received or sums have been properly expended on the restricted purpose.

Where the terms of the gift require the charity to hold the asset on an ongoing basis for a specific purpose, then the
fixed asset fund so created is categorised as a restricted fixed asset fund, and the relevant restrictions are noted in
the fixed asset note 11.

Where the terms of the gift are met once the asset is acquired, so allowing the charity to use the asset on an
unrestricted basis, including the right to receive the proceeds of any future sale of the asset on an unrestricted
basis, then the fixed asset fund so created is categorised as a designated fixed asset fund.

When assets are acquired for the furtherance of the charity's objects, utilising the charity's own unrestricted funds a
transfer is made from unrestricted funds to a designated fixed asset fund.

 Whether acquired with unrestricted or restricted funds, the asset acquired is initially shown in the balance sheet at
the full cost of acquisition or subsequent revaluation.

As the related assets are depreciated, in accordance with the depreciation policy,in order to reflect the dimunition in
the asset,a transfer is made from the relevant fixed asset funds to either unrestricted or restricted revenue funds, as
appropriate to the terms of the original gift, if any.

The effect of this policy is that the aggregate of all fixed asset funds shall equate to the net book value of fixed
assets.

In the first year that this policy was adopted, a transfer to fixed asset funds was made equivalent to the net book
value of the assets.

Any residual liability to the donor arising from, for example, the asset's future sale, is disclosed as a contingent
liability unless the event that would trigger repayment of the grant becomes probable in which  case a liability for
repayment  is recognised.

Insofar as this policy relates to Government grants and to the extent that it may be a departure from the FRS 102
SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the
Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019),
(The SORP),  such departure is justified on the basis that it is in order to comply with the SORP.

Stocks and work in progress

Stock is valued at the lower of cost and net realisable
value.

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Financial instruments including cash and bank balances

Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances,
whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.

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FUTURE LEISURE IN COXHOE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2020

Leasing and hire purchase contracts and commitments 

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks
and rewards of ownership of the asset have passed to the charity, are capitalised in the balance sheet and
depreciated over their useful lives.  The corresponding lease or hire purchase obligation is treated in the balance
sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease
and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pensions - defined contribution schemes

The charity operates a defined contribution pension scheme.  Contributions are charged to the profit and loss
account as they become payable in accordance with the rules of the scheme.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of
the charity.

There are no designated funds

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of
an appeal or as implied by law.

There are no endowment funds.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income
or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively
on the specific  charitable  objects  of the charity and for no other purpose. Value Added Tax is not recoverable by
the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities,
the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having
similar objects to the charity.

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NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2020

Significance of financial instruments to the charity's 4 position

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual
provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related
transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be
paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

5 Net surplus before tax in the financial year

The net surplus before tax in the financial year is stated after
charging:-
Depreciation of owned fixed assets
Pension costs
6
Interest payable
Hire Purchase interest		 2020
£
27,918
1,691
2020
£
288		 2019
£
25,781
2,563
2019
£
-

7 The contribution of volunteers

The charity is grateful for the support of its volunteers, which is much appreciated. The charity had 32 volunteers who
donated 220 hours of their time stewarding events and building maintenance. It is estimated that without the help of
volunteers, the Trail Run in September would need to find the equivalent of over £1200 to obtain similar services.
The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in
the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment
is created  by these arrangements.

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FUTURE LEISURE IN COXHOE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2020

8 Staff costs and emoluments

Salary costs
Gross Salaries excluding trustees and key management personnel
Employer's National Insurance for all
staff
Employer's operating costs of defined
contribution pension schemes
Total salaries, wages and related
costs
The average number of part time staff employed in the year was
The average number of full time staff employed in the year was
The estimated full time equivalent number of all staff employed in the year was
The estimated equivalent number of full time staff deployed in different activities in
was:-
Engaged on charitable activities
Engaged on publicity activities
Engaged on fundraising activities
Engaged on management and administration
The estimated full time equivalent number of all staff employed as above		 2020
£
143,116
6,078
1,691
150,885
7
7
14
the year
13
-
-
1
14		 2019
£
135,487
5,453
2,563
143,503
8
7
15
14
-
-
1
15

The estimated full time equivalent number of all staff employed as above 

Neither the trustees nor any persons connected with them have received any remuneration from the charity or any
related entity, either in the current or prior year.

       No employees received emoluments (excluding pension costs) in excess of £60,000 per annum

9 Defined contribution pension schemes

The charity operates a defined contribution pension scheme, the costs of which are shown above.

Any liabilities and assets associated with the scheme are shown under debtors and creditors.

Remuneration and payments to Trustees and persons connected with 10 them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

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FUTURE LEISURE IN COXHOE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2020

Deferred income - Unrestricted and Designated 11 funds

Current Year
Payment on Account by Customer
Memberships for November 2020
Total
These deferrals are included in creditors
Prior Year
Payment on Account by Customer
Total
These deferrals are included in creditors		 Opening
Deferrals
£
3,020
-
3,020
Opening
Deferrals
£
-
-		 Released
from
prior
years
£
3,020
-		 Received
less
released
in year
£
-
-
-
2020
£
8,046
Received
less
released
in year
£
-
-
2019
£
3,020		 Deferred
Deferred
at year
end
at year
end
£
£
-
-
8,046
8,046
3,020
Released
from
prior
years
£
-		 8,046
8,046
2019
£
3,020
Deferred
Deferred
at year
end
at year
end
£
£
3,020
3,020
- 3,020
3,020
2018
£
-		 
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FUTURE LEISURE IN COXHOE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2020

12 Tangible fixed assets

Current Year
Cost
At 1 January 2020
Additions
Disposals
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
On disposals
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019		 Alterations
£
132,146
-
-
132,146
73,812
13,215
-
87,027
45,119
58,334		 Gym
Equipment
£
53,986
25,529
(10,000)		 3G
Pitch
£
49,883
-
-
49,883
29,929
4,988
-
34,917
14,966
19,954		 Office
Equipment
Total
£
£
7,327
243,342
663
26,192
-
(10,000)
70,178
44,887
7,717
(10,000)		 7,327 259,534
4,389
153,017
1,998
27,918
-
(10,000)
42,604
27,574
9,099		 6,387 170,935
940
88,599
2,938
90,325

Net book value of assets included above which were funded by restricted funds and where the charity is required under the terms of the gift to hold the asset on an ongoing basis.

Total of assets funded by restricted
funds
13
Stocks & Work in Progress
Stocks before write downs –For fund
raising activities		 2020
£
37,178
2020
£
3,937		 2019
£
45,887
2019
£
3,937
3,937
3,937 
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FUTURE LEISURE IN COXHOE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2020

14
Debtors
Trade debtors
Prepayments and accrued income
15
Creditors: amounts falling due within one
year
Trade creditors
Accruals
Deferred Income - Unrestricted & designated
funds
Finance lease and HP contracts
PAYE, NIC VAT and other taxes
Other creditors
Defined contribution pension scheme liabilities due within one year
16
Creditors: amounts falling due after one
year
Finance lease and HP contracts
17
Income and Expenditure account summary
At 1 January 2020
Surplus after tax for the year
At 31 December 2020
18
No related party transactions		 2020
£
1,125
7,751
8,876
2020
£
6,356
2,627
8,046
555
2,364
-
19,948
583
2020
£
1,619
2020
£
181,724
(14,417)
167,307		 2019
£
995
2,072
3,067
2019
£
2,127
4,106
3,020
-
2,182
198
11,633
694
2019
£
-
2019
£
164,194
17,530
181,724		 
There were no transactions with related parties in the year.

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NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2020

19. Fund Movements

Unrestricted
Donations/Grants
General funds
TOTAL FUNDS		 Balance
at 1
January
2020
£
-
188,412
188,412
188,412		 Incoming
resources
£
107,148
139,008
246,156
246,156		 Outgoing
resources
£
-
260,573
260,573
260,573		 Transfers
between
funds
£
(107,148)
107,148
-
-		 Balance at
31
December
2020
£
-
173,995
173,995
173,995

The purposes for which the funds as detailed in note 19 are held by the charity are:-

Unrestricted and designated funds:- 

These funds are held for the meeting the objectives of the charity, and to
provide reserves for future activities, and , subject to charity legislation, are
free from all restrictions on their use.

 Unrestricted Revenue Funds
free from all restrictions on their use.
This fund represents the unrestricted surplus arising on the revaluation of
 Unrestricted Revaluation Reserve
the charity's assets.
The purpose of these funds is described under the accounting policy
 Designated Fixed Asset Funds
'Accounting for capital grants and fixed asset funds'.

Restricted funds:- 

The purpose of these funds is described under the accounting policy
 Restricted Fixed Asset Funds
'Accounting for capital grants and fixed asset funds'.
This fund represents the restricted surplus arising on the revaluation of the
 Restricted Revaluation Reserve
charity's assets.

Ultimate controlling party

The charity is under the control of its legal members.

Every member of the charity is obliged to contribute such amount as may be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. 

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NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2020

Detailed analysis of income and expenditure for the year ended 31 December 2020 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

20 Donations, Grants and Legacies

onatons, rants and egaces
Donations and gifts from individuals
Small donations individually less than £1000
Total donations and gifts from
individuals
Revenue grants from government
and public bodies
HMRC Coronavirus Job Retention
Scheme
Durham County Council - Covid Grant
Durham County Council - Repairs
Total public sector revenue grants
Revenue grants and donations from
non public bodies
CAF
ESC Lottery Fund
Coxhoe Parish Council
Total private sector revenue grants		 Current
year
Unrestricted
Funds
2020
£
1,968
1,968
Current
year
Unrestricted
Funds
2020
£
57,405
33,775
-
91,180
Current
year
Unrestricted
Funds
2020
£
-
10,000
4,000
14,000		 Current
year
Restricted
Funds
2020
£
-
-
Current
year
Restricted
Funds
2020
£
-
-
-
-
Current
year
Restricted
Funds
2020
£
-
-
-
-		 Current
year
Total
Funds
2020
£
1,968
1,968
Current
year
Total
Funds
2020
£
57,405
33,775
-
91,180
Current
year
Total
Funds
2020
£
-
10,000
4,000
14,000		 Prior Year
Total
Funds
2019
£
227
227
Prior Year
Total
Funds
2019
£
-
-
1,833
1,833
Prior Year
Total
Funds
2019
£
5,276
-
-
5,276 
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FUTURE LEISURE IN COXHOE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2020

Capital grants from government and public bodies
GBS - gym development
Total public sector capital grants
All the grants in the prior year were unrestricted.
Capital grants from government and public bodies - Prior
Prior Year
Total Donations, Grants and
Legacies
Total Donations, Grants and Legacies
A1
All the donations and gifts in the prior year were unrestricted.
Prior year
Total Donations, Grants and Legacies
A1		 Current year
Unrestricted
Funds
2020
£
-
-
Year analysis
Prior Year
Unrestricted
Funds
2019
£
-
107,148
Unrestricted
Funds
2019
£
7,336		 Current
year
Restricted
Funds
2020
£
-
-
Prior Year
Restricted
Funds
2019
£
6,688
-
Restricted
Funds
2019
£
6,688		 Current
year
Total
Funds
2020
£
-
-
Prior Year
Total
Funds
2019
£
6,688
107,148
Prior Year
Total
Funds
2019
£
14,024		 Prior Year
Total
Funds
2019
£
6,688
6,688
14,024 
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FUTURE LEISURE IN COXHOE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2020

21 Income from charitable activities - Trading Activities

Current year
Current
year
Unrestricted
Funds
2020
£
Primary purpose and ancillary trading
Membership of centre
71,848
Facility Use
47,544
Sales of goods and services made or
provided by beneficiaries
15,607
Total Primary purpose and ancillary
trading
134,999
22
Total Income from charitable activities
Current
year
Current year
Unrestricted
Funds
2020
£
Total income from charitable trading
134,999
Total from charitable activities
A2
134,999
23
Income from other, non charitable, trading activities
Current
year
Unrestricted
Funds
2020
£
Trading activities to raise funds for the
charity
3,409
Income from fundraising events
-
Sale of bought in goods
-
Total from other activities
A3
3,409		 Current
year
Restricted
Funds
2020
£
-
-
-
-
Current
year
Restricted
Funds
2020
£
-
-
Current
year
Restricted
Funds
2020
£
-
-
-
-		 Current
year
Total
Funds
2020
£
71,848
47,544
15,607
134,999
Current
year
Total
Funds
2020
£
134,999
134,999
Current
year
Total
Funds
2020
£
3,409
-
-
3,409		 Prior
Year
Total
funds
2019
£
151,421
106,409
15,000
272,830
Prior
Year
Total
Funds
2019
£
272,830
272,830
Prior
Year
Total
Funds
2019
£
36,729
5,877
622
43,228 
31

Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b

FUTURE LEISURE IN COXHOE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2020

24
Investment income
Current
year
Unrestricted
Funds
2020
£
Bank Interest Receivable
120
Total investment income
A4
120
25
Other income and gains
Current
year
Current year
Unrestricted
Funds
2020
£
Summary of Realised Gains
Realised gains on disposals of tangible
fixed assets held for the charity’s own use
480
Total other income
A5
480
26
Expenditure on charitable activities - Direct spending
Current year
Current Year
Unrestricted
Funds
2020
£
Gross wages and salaries - charitable
activities
143,116
Employers' NI - Charitable activities
6,078
Defined contribution pension costs -
charitable activities
1,691
Travel and Subsistence - Charitable
Activities
40
Repairs to gym equipment
1,146
Coaches
11,773
uniforms
-
Equipment expenses
1,370
Training
330
Total direct spending
B2a
165,544		 Current
year
Restricted
Funds
2020
£
-
-
Current
year
Restricted
Funds
2020
£
-
-
Current
year
Restricted
Funds
2020
£
-
-
-
-
-
-
-
-
-
-		 Current
year
Total
Funds
2020
£
120
120
Current
year
Total
Funds
2020
£
480
480
Current
year
Total
Funds
2020
£
143,116
6,078
1,691
40
1,146
11,773
-
1,370
330
165,544		 Prior
Year
Total
Funds
2019
£
187
187
Prior
Year
Total
Funds
2019
£
165
165
Prior
Year
Total
Funds
2019
£
135,487
5,453
2,563
88
1,879
27,804
192
2,443
678
176,587 
32

Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b

FUTURE LEISURE IN COXHOE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2020

27 Support costs for charitable activities

7
upport costs or cartabe actvtes
Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
2020
2020
£
£
Premises Expenses
Rates and water charges
1,407
-
Light heat and power
15,813
-
Cleaning and waste management
4,839
-
Premises repairs, renewals and
maintenance
13,470
-
Property insurance
4,998
-
Administrative overheads
Telephone, fax and internet
1,995
-
Postage
-
-
Stationery and printing
160
-
Photocopying and printing
116
-
Subscriptions
122
-
Hire of equipment
3,358
-
Software licences and expenses
1,800
-
Advertising and marketing
477
-
Sundry expenses
122
-
Information Technology
1,608
-
PAT tests
-
-
Licences & Permits
5,488
-
Bad debts
50
-
Professional fees paid to advisors other than the auditor or examiner
Accountancy fees other than
examination or audit fees
655
-
Other legal and professional
1,200
-
Financial costs
Bank charges
306
-
Card machine charge & DD charges
2,558
-
Hire Purchase interest
288
-
Depreciation & Amortisation in total for
the period
27,918
-
Support costs before reallocation
88,748
-
Total support costs - Current Year
88,748
-
The basis of allocation of costs between activities is described under accounting
policies
All the expenditure in the prior year was
unrestricted.
The basis of allocation of costs between activities is described under accounting
policies		 Current
year
Total
Funds
2020
£
1,407
15,813
4,839
13,470
4,998
1,995
-
160
116
122
3,358
1,800
477
122
1,608
-
5,488
50
655
1,200
306
2,558
288
27,918		 Prior
Year
Total
Funds
2019
£
1,481
24,367
6,761
13,013
5,433
2,175
6
807
1,393
75
3,358
41
563
42
1,221
386
6,271
-
885
503
910
5,831
-
25,781
88,748
88,748		 101,303
101,303
-
-
-		 
33

Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b

FUTURE LEISURE IN COXHOE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2020

28
Other Expenditure - Governance costs
Current Year
Independent Examiner's fees
Total Governance costs
All the expenditure in the prior year was unrestricted.
29
Total Charitable expenditure
Current Year
Total direct spending
B2a
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2
All the expenditure in the prior year was unrestricted.
Prior Year
Total direct spending
B2a
Total support costs
B2d
Total Governance costs
B2e
Total charitable expenditure
B2		 Current
year
Unrestricted
Funds
2020
£
1,500
1,500
Current
year
Unrestricted
Funds
2020
£
165,544
88,748
1,500
255,792
Prior Year
Unrestricted
Funds
2019
£
176,587
101,303
1,500
279,390		 Current
year
Restricted
Funds
2020
£
-
-
Current
year
Restricted
Funds
2020
£
-
-
-
-
Prior Year
Restricted
Funds
2019
£
-
-
-		 Current
year
Total
Funds
2020
£
1,500
1,500
Current
year
Total
Funds
2020
£
165,544
88,748
1,500
255,792
Prior Year
Total
Funds
2019
£
176,587
101,303
1,500		 Prior Year
Total
Funds
2019
£
1,500
1,500
Prior Year
Total
Funds
2019
£
176,587
101,303
1,500
279,390
- 279,390 
34

Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b

FUTURE LEISURE IN COXHOE

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31[ST] DECEMBER 2020

30 Expenditure on raising funds and costs of investment management

Current Year
Refunds
Cost of fundraising activities
Fundraising trading costs
Costs of non primary purpose trading
Movement in stock for non primary
purpose trading
Total fundraising costs
B1		 Current year
Unrestricted
Funds
2020
£
2,370
647
1,764
-
-
4,781		 Current year
Restricted
Funds
2020
£
-
-
-
-
-
-		 Current
year
Prior
Year
Total
Funds
Total
Funds
2020
2019
£
£
2,370
714
647
7,098
1,764
19,992
-
2,959
-
(3,937)
4,781
26,826		 
All the expenditure in the prior year was
unrestricted.

35

Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b

Audit Trail

Title FLiC Annual Report and Accounts 2020 File Name FLiC Annual Report and Accounts 2020.pdf Document ID 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b Audit Trail Date Format MM / DD / YYYY Status Completed

04 / 14 / 2021 Sent for signature to M J Lavelle (mjlavelle66@gmail.com) 11:33:05 UTC from tracy@tlbaccountancy.co.uk IP: 79.69.131.191 04 / 14 / 2021 Viewed by M J Lavelle (mjlavelle66@gmail.com) 14:36:04 UTC IP: 94.1.41.134 04 / 14 / 2021 Signed by M J Lavelle (mjlavelle66@gmail.com) 14:46:41 UTC IP: 94.1.41.134 04 / 14 / 2021 The document has been completed. 14:46:41 UTC