## 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 Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b ## 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`| Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b ## 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 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b ``` 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 ``` ``` 1 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b ## 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. ``` ``` 2 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b ## 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: ``` - `Fully equipped gym` - `Fitness classes` - `Dance classes` - `Numerous sporting activities` - `Sports coaching` - `Personal training` - `Weights room` - `Special event / function venue` - `Youth clubs and school holiday activities` - `Community Room` ``` 3 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b ## 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. ``` ``` 4 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b ## 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 ``` ``` 5 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b ``` 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.` ``` 6 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b ## 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. ``` ``` 7 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b ## 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. ``` ``` 8 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b ## 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 :- - to prepare the accounts in accordance with United Kingdom Generally Accepted - Accounting Practice (United Kingdom Accounting Standards and applicable law). - select suitable accounting policies and apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate - to presume that the charity will continue in business; - state whether applicable accounting standards and statements of - recommended practice have been followed, subject to any material - departures disclosed and explained in the financial statements; 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 ``` ``` 9 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b ## 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 ``` ``` 10 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b ``` 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 ``` ``` 11 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b 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. ``` 12 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b 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. ``` 13 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b ## 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. ``` 14 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b ## 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. ``` 15 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b ## 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. ``` 16 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b ## 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. ``` 17 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b 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. ``` ``` 18 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b FUTURE LEISURE IN COXHOE ## 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. ``` ``` 19 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b 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`| ``` 20 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b 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. ``` ``` 21 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b 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. ``` ``` 22 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b FUTURE LEISURE IN COXHOE ## 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. ``` ``` 23 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b 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. ``` ``` 24 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b 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
£
`-`| ``` 25 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b 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 `||| ``` 26 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b 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. ``` ``` 27 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b FUTURE LEISURE IN COXHOE ## 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.` ``` 28 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b FUTURE LEISURE IN COXHOE ## 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| ``` 29 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b ## 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| |||||| ``` 30 ``` Doc ID: 9537e51bcae132ff3d1f62b1e32c46b5f47ab12b 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