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← Future Leisure In Coxhoe (Flic)

2023-12-31-accounts

Future Leisure in Coxhoe

(A company limited by guarantee with charitable status)

Report and Financial Statements

For the Year Ended 31 December 2023

Charity Number: 1145037 Company Number: 07776929

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Future Leisure in Coxhoe

Report and accounts for the year ended 31 December 2023

Contents

Page
Charity information 1
Trustees' Annual Report 2
Statement of directors' responsibilities 6
Independent Examiner's Report 7
Funds Statements:-
Statement of Financial Activities 9
Statement of total recognised gains and losses 10
Movements in funds 11
Income and Expenditure account 12
Balance sheet 13
Notes to the accounts 14
Management Information 33

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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 Achievements and Performance in 2023

Future Plans

Financial Review

Declaration

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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 Amy Harden Keith Barron Sean Davison Vacancy

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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.

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.

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.

FLiC continue to work closely with Coxhoe Parish Council, the local community and businesses in the fulfilment of the FLiC aims and objectives.

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.’’

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 nonmembers. These activities include:

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THE HISTORY OF FLIC AND THE ACTIVE LIFE CENTRE

The Active Life Centre was transferred from Durham County Council on 16 November 2011.

Since then we have secured funding to create a new reception, 2 new studios and a marquee style Events Venue. We’ve also secured funding to make the centre more energy efficient over the years by replacing lighting to be mostly LED lighting.

The staff structure has changed over the years but at the end of 2023 we operated with 7 full time staff, 7 casual staff and continue to be available for apprentiship and work placement schemes.

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 despite the challenging issues of Covid and Cost of Living Crisis.

ACHIEVEMENTS AND PERFORMANCE DURING 2023

The last 2 years have been very difficult financially for FLiC. Despite the Centre being very busy the spiralling operating costs have resulted in a 2[nd] year of trading losses as detailed in the 2023 accounts. Despite this loss and because of the work done over the previous years, we are still able to move forward in a healthy position and we are very proud of this achievement.

In 2023 we financed further Gym equipment improvements. We are very proud to have a state of the art Gym which is comparable with any privately owned facility and we have also seen Gym visits increasing again during 2023.

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In 2023 we secured over £100,000 of funding for Solar Panels to help with the future sustainability of the centre and make us more carbon efficient. A big thank you goes to DET and TARMAC, East Durham Rural AAP, EDF Walkway Wind Farms, Northern Powergrid and County Cllr Maura McKeon for this funding.

We have continued to provide School Holiday Activities which have proven to be very popular again in 2023. In addition, we improved the Toddler Group provision and commenced sessions on 2 mornings per week. These have been welcomed by the community as we are now the only organisation providing this activity. However, we aim to increase publicity for this service as numbers could still be improved.

The Youth Clubs and other private bookings such as slimming groups and the social get togethers after exercise classes have continued to grow during 2023.

We have organised and hosted the Coxhoe Trail Run since 2019 and numbers improved again in 2023 and we are hopeful for a further increase in 2024.

Squash has resumed its League and Badminton has continued to be well used with the weekly Badminton Club being popular. Coxhoe Crusaders Netball Team who are based at the Active Life Centre continue to flourish and include a Walking Netball session.

Attendance of the Fitness Classes has grown again since covid and many are full to capacity.

FUTURE PLANS

In order to reduce energy costs and make us as sustainable as possible we have identified an improvement that can be made to 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.

For 2024, we have plans to install an internal porch from the main entrance door and we thank East Durham Rural Area Action Partnership for the funding for this project. This will make the reception a much more welcoming space for members and their family as well as helping the environment.

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We are also looking to see what other changes we can make to keep the centre as energy efficient as possible.

We are also going to concentrate on the positive promotion of the centre as we have identified this as a weakness and now have a director who specialises in this field.

FINANCIAL REVIEW

Since taking over the centre we have been working hard to increase our Reserve/Sink Fund account each year to ensure we have money should a crisis arise and also to keep the centre in a good state of repair.

However, the after effects of Covid19 followed by Cost of Living and Energy prices has left the community in a much less financially secure position. Our attendance figures and membership numbers are improving. The financial strength that we worked hard to create has enabled us to move forward with confidence despite the trading losses of the year.

Some mitigating factors include:

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 2023 our Reserve Account had a balance of £32245.55 In addition, a balance of £63122.15 was in the main daily business account.

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

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Statement of the Directors Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, 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) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

In particular, the Companies Act 2006 and charity law require the Board of Trustees 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 Board is 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 the Companies Act 2006 and comply with regulations made under the Charities Act. 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.

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 9 to 13

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)

These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

This report was approved by the board of trustees on 11[th] June 2024

Michael J Lavelle Director and Trustee

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FUTURE LEISURE IN COXHOE (FLIC)

Report of the Independent Examiner to the Trustees of the charitable company on the accounts for the year ended 31 December 2023

I report to the Trustees on my examination of the financial statements of the charitable company on pages 9 to 13 for the year ended 31 December 2023 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) 2019, 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 page 14

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

As described on page 9, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, 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 memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companies Act 2006. 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:-

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 charitable company and of the accounting systems employed by the charitable company 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

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.

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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:-

The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;

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 Section 386 of the Companies Act 2006 and 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 section 396 of the Companies Act 2006 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 2019, 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 11[th] June 2024

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FUTURE LEISURE IN COXHOE (FLIC) - Statement of Financial Activities for the year ended 31 December 2023

Statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 December 2023, as required by the Companies Act 2006)

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/expenditure
for the year
Net income/(expenditure
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
2023
£
1,410
252,478
25,283
1,570
100
280,841
20,883
316,745
337,628
(56,787)
(56,787)
(56,787)
208,776
151,989		 Current
year
Restricted
Funds
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Current
year
Total
Funds
2023
£
1,410
252,478
25,283
1,570
100
280,841
20,883
316,745
337,628
(56,787)
(56,787)
(56,787)
208,776
151,989		 Prior
Year
Total
Funds
2022
£
11,605
261,598
27,270
311
8,388
309,172
22,761
287,851
310,612
(1,440)
(1,440)
(1,440
210,216
208,776

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 the prior year transactions were unrestricted items, and no further analysis is required

All activities derive from continuing operations

The notes attached on pages 14 to 31 form an integral part of these accounts.

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Statement of Total Recognised Gains and Losses for the year ended 31 December 2023

2023
£
Surplus for the year :-
Net excess of income over expenditure from operations before tax
(56,787)
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
(56,787)
Net Movement in funds before taxation
(56,787)
Funds generated in the year as shown on Statement of Financial Activities
(56,787)
The notes attached on pages 14 to 31 form an integral part of these accounts.
FUTURE LEISURE IN COXHOE (FLIC) - Resources applied in the year ended 31
December 2023 towards fixed assets for Charity use:-
2023
£
Funds generated in the year as detailed in the SOFA
(56,787)
Resources applied on functional fixed assets
(78,505)
Other applications of funds
Net resources available to fund charitable activities
(135,292)		 2023
£
(56,787)
(56,787)
(56,787)
(56,787)		 2022
£
(1,440)
-
-
(1,440)
(1,440)
(1,440)
2022
£
(1,440)
(29,889)
-
(31,329)

The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.

The notes attached on pages 14 to 31 form an integral part of these accounts.

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Movements in revenue and capital funds for the year ended 31 December 2023

Revenue accumulated funds

Accumulated funds brought forward
Recognised gains and losses before
transfers
Closing revenue funds
Summary of funds
Revenue accumulated
funds		 Unrestricted
Funds
2023
£
208,776
(56,787)
151,989
151,989
Unrestricted
and
Designated funds
2023
£
151,989		 Restricted
Funds
2023
£
-
-
-
-
Restricted
Funds
2023
£
-		 Total
Funds
2023
£
208,776
(56,787)
151,989
151,989
Total
Funds
2023
£
151,989		 Last
year
Total
Funds
2022
£
210,216
(1,440)
208,776
208,776
Last
Year
Total
Funds
2022
£
208,776

The notes attached on pages 14 to 31 form an integral part of these accounts.

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FUTURE LEISURE IN COXHOE (FLIC) Income and Expenditure Account for the year ended 31 December 2023 as required by the Companies Act 2006

Income
Income from operations
Investment income and interest
Interest receivable
Other operating income
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
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		 2023
£
279,171
1,570
100
280,841
-
280,841
292,715
22,385
20,883
1,500
145
337,628
(56,787)
-
(56,787)
(56,787)		 2022
£
300,473
311
8,388
309,172
-
309,172
263,235
22,971
22,761
1,500
145
310,612
(1,440)
-
(1,440)
(1,440)

All activities derive from continuing operations

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 14 to 31 form an integral part of these accounts.

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FUTURE LEISURE IN COXHOE (FLIC) - Balance Sheet as at 31 December 2023

Notes
SORP
Ref
2023
£
Fixed assets
A
Tangible assets
12
A2
124,335
Current assets
B
Stocks
13
B1
4,175
3,875
Debtors
14
B2
10,664
9,552
Cash at bank and in hand
B4
98,794
159,559
Total current assets
113,633
172,986
Creditors: amounts falling due within
one year
15
C1
(85,979)
(31,917)
Net current assets
27,654
Net assets
151,989
Creditors: amounts falling due after
more than one year
16
C2
-
The total net assets of the charity
151,989
The total net assets of the charity are funded by the funds of the charity, as follows:-
Restricted funds
-
Unrestricted Funds
Unrestricted Revenue Funds
20
D3
151,989
208,776
151,989
Designated Funds
Total charity funds
151,989		 3,875
9,552
159,559		 2022
£
68,216
141,069
172,986
(31,917)
209,285
(509)
208,776
-
208,776
208,776

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 directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 11.

The financial statements have been prepared 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 11[th] June 2024

The notes attached on pages 14 to 31 form an integral part of these accounts.

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FUTURE LEISURE IN COXHOE (FLiC) Ltd

NOTES TO THE ACCOUNTS

YEAR ENDED 31[st] DECEMBER 2023

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 2023 , 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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FUTURE LEISURE IN COXHOE (FLiC) Ltd

NOTES TO THE ACCOUNTS

YEAR ENDED 31[st] DECEMBER 2023

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 (FLiC) Ltd

NOTES TO THE ACCOUNTS

YEAR ENDED 31[st] DECEMBER 2023

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 (FLiC) Ltd

NOTES TO THE ACCOUNTS

YEAR ENDED 31[st] DECEMBER 2023

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 (FLiC) Ltd

NOTES TO THE ACCOUNTS

YEAR ENDED 31[st] DECEMBER 2023

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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FUTURE LEISURE IN COXHOE (FLiC) Ltd

NOTES TO THE ACCOUNTS

YEAR ENDED 31[st] DECEMBER 2023

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

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
Depreciation of assets held under finance leases and hire purchase contracts
Pension costs
6
Interest payable
Hire Purchase interest		 2023
£
22,385
666
6,987
2023
£
145		 2022
£
22,305
666
1,023
2022
£
145

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 (FLiC) Ltd

NOTES TO THE ACCOUNTS

YEAR ENDED 31[st] DECEMBER 2023

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 fulltime staff employed in the year was
The estimated full time equivalent number of all staff employed in the year was		 2023
£
153,244
5,577
6,987
165,808
7
5
12		 2022
£
152,493
5,404
1,023
158,920
7
7
14
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		 the year
11
-
-
1
12		 13
-
-
1
14

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 (FLiC) Ltd

NOTES TO THE ACCOUNTS

YEAR ENDED 31[st] DECEMBER 2023

11 Deferred income - Unrestricted and Designated
funds		 Deferred income - Unrestricted and Designated
funds		 Deferred income - Unrestricted and Designated
funds		 Deferred income - Unrestricted and Designated
funds
Current Year Opening Released Received Deferred Deferred
Deferrals from
prior		 less
released		 at year
end		 at year
end
years in year
£ £ £ £ £
AAP grant 20,000 - - 20,000 20,000
Solar Panels grants - - 51,860 51,860 51,860
Total 20,000 - 51,860 71,860 71,860
2023 2022
£ £
These deferrals are included in creditors 71,860 20,000
Solar panels grants deferred: 2023
Tarmac 31,860
Northern Powergrid 10,000
CDCF – EDF walkway wind farms 10,000
51,860
£74,340 has been spent in the year on solar
panels which has been capitalised. The
total cost will be £106,200 of which
£102,600 will be funded
Prior Year Opening Released Received Deferred Deferred
Deferrals from
prior		 less
released		 at year
end		 at year
end
years in year
£ £ £ £ £
- - 20,000 20,000 20,000
Total - - -
2022 2021
£ £
These deferrals are included in creditors 20,000 -

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FUTURE LEISURE IN COXHOE (FLiC) Ltd

NOTES TO THE ACCOUNTS

YEAR ENDED 31[st] DECEMBER 2023

12 Tangible fixed assets

Current Year
Cost
At 1 January 2023
Additions
Additions funded
Disposals
At 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
On disposals
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Alterations,
Fixures &
Fittings
£
144,318
424
74,340
-
219,082
106,677
6,519
-
113,196
105,886
37,641		 Gym
Equipment
£
86,734
2,643
-
-		 3G
Pitch
£
49,883
-
-
-
49,883
44,893
4,990
-
49,883
-
4.990		 Office
Equipment
Total
£
£
8,488
289,423
1,098
4,165
-
74,340
-
-
89,377
61,481
10,345
-		 9,586 367,928
8,156
221,207
532
22,386
-
-
71,826
17,551
25,253		 8,688 243,593
898
124,335
332
68,216

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.

2023 2023 2022
£ £
Total of assets funded by
restricted funds
86,588		 20,148
Net book value of plant, machinery and vehicles held under finance leases and hire purchase contracts
included above:
2023 2022
£ £
Total of assets held under finance leases
666		 1,332

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FUTURE LEISURE IN COXHOE (FLiC) Ltd

NOTES TO THE ACCOUNTS

YEAR ENDED 31[st] DECEMBER 2023

13
Stocks & Work in Progress
Stocks before write downs		 2023
£
4,175
4,175		 2022
£
3,875
3,875

Analysis of the carrying value of stocks and work in progress by activities

Work in Progress
2023
2022
£
£
Activity
Primary purpose and ancillary
trading1
-
-
-
-
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
Total
16
Creditors: amounts falling due after one
year
Finance lease and HP contracts		 Stocks
2023
2022
£
£
4,175
3,875
4,175
3,875
2023
2022
£
£
2,290
1,415
8,374
8,137
10,664
9,552
2023
2022
£
£
3,050
2,386
6,434
6,078
71,860
20,000
509
555
2,067
2,300
38
8
83,958
31,327
1,921
590
85,879
31,917
2023
2022
£
£
-
509		 Stocks
2023
2022
£
£
4,175
3,875
4,175
3,875
2023
2022
£
£
2,290
1,415
8,374
8,137
10,664
9,552
2023
2022
£
£
3,050
2,386
6,434
6,078
71,860
20,000
509
555
2,067
2,300
38
8
83,958
31,327
1,921
590
85,879
31,917
2023
2022
£
£
-
509		 Stocks
2023
2022
£
£
4,175
3,875
4,175
3,875
2023
2022
£
£
2,290
1,415
8,374
8,137
10,664
9,552
2023
2022
£
£
3,050
2,386
6,434
6,078
71,860
20,000
509
555
2,067
2,300
38
8
83,958
31,327
1,921
590
85,879
31,917
2023
2022
£
£
-
509

31,327
590
31,917
2022
£
509

23

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FUTURE LEISURE IN COXHOE (FLiC) Ltd

NOTES TO THE ACCOUNTS

YEAR ENDED 31[st] DECEMBER 2023

17
Income and Expenditure account summary
At 1 January 2023
Surplus after tax for the year
At 31 December 2023		 2023
£
208,776
(56,787)
151,989		 2022
£
210,216
(1,440)
208,776

18 No related party transactions

There were no transactions with related parties in the year.

Particulars of how particular funds are represented by assets 19 and liabilities

At 31 December 2023
Tangible Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities
At 1 January 2023
Tangible Fixed Assets
Current Assets
Current Liabilities
Long Term Liabilities		 Unrestricted
funds
£
37,747
113,633
(14,119)
-
137,261
Unrestricted
funds
£
48,067
152,986
(11,917)
(509)
188,627		 Designated
funds
£
-
-
-
-
Designated
funds
£
-
-
-
-
-		 Restricted
funds
£
86,588
(71,860)
-
14,728
Restricted
funds
£
20,149
20,000
(20,000)
-
20,149		 Total
Total
Funds
Funds
£
£
124,335
124,335
113,633
113,633
(85,979)
(85,979)
-
-
151,989
151,989
Total
Total
Funds
Funds
£
£
68,216
68,216
172,986
172,986
(31,917)
(31,917)
(509)
(509)
208,776
208,776

24

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FUTURE LEISURE IN COXHOE (FLiC) Ltd

NOTES TO THE ACCOUNTS

YEAR ENDED 31[st] DECEMBER 2023

20. Fund Movements

Restricted

UNRESTRICTED DONATIONS/GRANTS GENERAL FUNDS TOTAL FUNDS

Balance
at 1
January
2023
£
-
208,776
208,776
208,776		 Incoming
resources
£
1,410
279,431
280,841
280,841		 Outgoing
resources
£
-
(337,628)
(337,628)
(337,628)		 Transfers
between
funds
£
(1,410)
1,410
-
-		 Balance at
31
December
2023
£
-
151,989
151,989
151,989

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

Unrestricted Revenue Funds

Unrestricted Revaluation Reserve Designated Fixed Asset 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.

This fund represents the unrestricted surplus arising on the revaluation of the charity's assets.

The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'.

Restricted funds:-

Restricted Fixed Asset Funds

Restricted Revaluation Reserve

The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'. This fund represents the restricted surplus arising on the revaluation of the 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.

25

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FUTURE LEISURE IN COXHOE (FLiC) Ltd

NOTES TO THE ACCOUNTS

YEAR ENDED 31[st] DECEMBER 2023

21 Donations, Grants and Legacies

Donations and gifts from individuals
Small donations individually less than £1000
Total donations and gifts from
individuals
Revenue grants and donations from
non public bodies
Coxhoe Parish Council
Total private sector revenue grants
Revenue grants and donations from non public bodies
Year analysis
Prior year
Total Donations, Grants
and Legacies
A1
Current Year
Prior year
Total Donations, Grants and
Legacies
A1		 Current year
Current
year
Current
year
Unrestricted
Funds
Restricted
Funds
Total
Funds
2023
2023
2023
£
£
£
1,410
-
1,410
1,410
-
1,410
Current year
Current
year
Current
year
Unrestricted
Funds
Restricted
Funds
Total
Funds
2023
2023
2023
£
£
£
-
-
-
-
-
-
(Include Gift Aid donations from subsidiaries)
Prior Year
Prior Year
Prior
Year
Unrestricted
Funds
Restricted
Funds
Total
Funds
2022
2022
2022
£
£
£
10,000
-
10,000
Unrestricted
funds
Restricted
funds
Current
Year
Total
Funds
2023
2023
2023
1,410
-
1,410		 Current year
Current
year
Current
year
Unrestricted
Funds
Restricted
Funds
Total
Funds
2023
2023
2023
£
£
£
1,410
-
1,410
1,410
-
1,410
Current year
Current
year
Current
year
Unrestricted
Funds
Restricted
Funds
Total
Funds
2023
2023
2023
£
£
£
-
-
-
-
-
-
(Include Gift Aid donations from subsidiaries)
Prior Year
Prior Year
Prior
Year
Unrestricted
Funds
Restricted
Funds
Total
Funds
2022
2022
2022
£
£
£
10,000
-
10,000
Unrestricted
funds
Restricted
funds
Current
Year
Total
Funds
2023
2023
2023
1,410
-
1,410		 Current year
Current
year
Current
year
Unrestricted
Funds
Restricted
Funds
Total
Funds
2023
2023
2023
£
£
£
1,410
-
1,410
1,410
-
1,410
Current year
Current
year
Current
year
Unrestricted
Funds
Restricted
Funds
Total
Funds
2023
2023
2023
£
£
£
-
-
-
-
-
-
(Include Gift Aid donations from subsidiaries)
Prior Year
Prior Year
Prior
Year
Unrestricted
Funds
Restricted
Funds
Total
Funds
2022
2022
2022
£
£
£
10,000
-
10,000
Unrestricted
funds
Restricted
funds
Current
Year
Total
Funds
2023
2023
2023
1,410
-
1,410		 Prior
Year
Total
Funds
2022
£
1,605
1,605
Prior
Year
Total
Funds
2022
£
10,000
10,000
- Prior
Prior
Year
Total
Funds
2022
11,605
Unrestricted
Funds
2022
11,605		 Restricted
Funds
2022
-		 Prior
year
Total
funds
2022
11,605

26

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FUTURE LEISURE IN COXHOE (FLiC) Ltd

NOTES TO THE ACCOUNTS

YEAR ENDED 31[st] DECEMBER 2023

22 Income from charitable activities - Trading Activities

Current year
Current
year
Unrestricted
Funds
2023
£
Primary purpose and ancillary trading
Membership of centre
130,079
Facility Use
107,027
Sales of goods and services made or
provided by beneficiaries
15,372
Total Primary purpose and ancillary
trading
252,478
23
Total Income from charitable activities
Current
year
Current year
Unrestricted
Funds
2023
£
Total income from charitable trading
252,478
Total from charitable activities
A2
252,478
24
Income from other, non charitable, trading activities
Current
year
Unrestricted
Funds
2023
£
Trading activities to raise funds for the
charity
19,737
Income from fundraising events
5,546
Total from other activities
A3
25,283		 Current
year
Restricted
Funds
2023
£
-
-
-
-
Current
year
Restricted
Funds
2023
£
-
-
Current
year
Restricted
Funds
2023
£
-
-
-		 Current
year
Total
Funds
2023
£
130,079
107,027
15,372
252,478
Current
year
Total
Funds
2023
£
252,478
252,478
Current
year
Total
Funds
2023
£
19,737
5,546
25,283		 Prior Year
Total
funds
2022
£
129,319
117,045
15,234
261,598
Prior
Year
Total
Funds
2022
£
261,598
261,598
Prior Year
Total
Funds
2022
£
21,767
5,503
27,270

27

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FUTURE LEISURE IN COXHOE (FLiC) Ltd

NOTES TO THE ACCOUNTS

YEAR ENDED 31[st] DECEMBER 2023

25 Investment income

Bank Interest Receivable
Total investment income
A4
26
Other income and gains
Current year
Grants for Apprentices
Insurance claims - Revenue items
Sponsorship
Total other income
A5		 Current year
Unrestricted
Funds
2023
£
1,570
1,570
Current year
Unrestricted
Funds
2023
£
-
-
100
100		 Current
year
Restricted
Funds
2023
£
-
-
Current
year
Restricted
Funds
2023
£
-
-
-		 Current
year
Total
Funds
2023
£
1,570
1,570
Current
year
Total
Funds
2023
£
100
100		 Prior
Year
Total
Funds
2022
£
311
311
Prior
Year
Total
Funds
2022
£
5,000
3,388
8,388
27
Expenditure on charitable activities - Direct spending
Current year
Current Year
Unrestricted
Funds
2023
£
Gross wages and salaries - charitable
activities
153,244
Employers' NI - Charitable activities
5,577
Defined contribution pension costs -
charitable activities
6,987
Travel and Subsistence - Charitable
Activities
17
Repairs to gym equipment
1,492
Coaches
22,178
uniforms
207
Equipment expenses
750
Training
675
Total direct spending
B2a
191,127		 Current
year
Restricted
Funds
2023
£
-
-
-
-
-
-
-
-
-
-		 Current
year
Total
Funds
2023
£
153,244
5,577
6,987
17
1,492
22,178
207
750
675
191,127		 Prior Year
Total
Funds
2022
£
152,493
5,404
1,023
41
1,293
25,406
382
677
150
186,869

28

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FUTURE LEISURE IN COXHOE (FLiC) Ltd

NOTES TO THE ACCOUNTS

YEAR ENDED 31[st] DECEMBER 2023

28 Support costs for charitable activities

28
Support costs for charitable activities		 28
Support costs for charitable activities		 28
Support costs for charitable activities
Current year
Current year
Current
year
Prior
Year
Current Year
Unrestricted
Funds
Restricted
Funds
Total Funds
Total
Funds
2023
2023
2023
2022
£
£
£
£
Premises Expenses
Rates and water charges
1,498
-
1,498
1,390
Light heat and power
37,058
-
37,058
26,670
Cleaning and waste management
6,925
-
6,925
5,816
Premises repairs, renewals and
maintenance
21,071
-
21,071
10,993
Property insurance
6,795
-
6,795
6,274
Administrative overheads
Telephone, fax and internet
2,542
-
2,542
2,257
Stationery
305
-
305
271
Postage
3
-
3
6
Photocopying & Printing
859
-
859
937
Membership subscriptions
297
-
297
205
Hire of equipment
2,215
-
2,215
3,358
Software licences and expenses
2,244
-
2,244
2,190
Advertising and marketing
253
-
253
464
Sundry expenses
202
-
202
61
Information Technology
1,812
-
1,812
2,096
PAT tests
400
-
400
378
Licences & Permits
9,222
-
9,222
7,440
Bad Debts
120
-
120
DBS Checks
-
-
-
106
Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination
fees
As detailed in Note 29
600
-
600
700
Professional fees paid to advisors other than the auditor or examiner
Other legal and professional
236
-
236
463
Financial costs
Bank charges
354
-
354
353
Card machine charge & DD charges
6,577
-
6,577
3,938
Hire Purchase interest
145
-
145
145
Depreciation & Amortisation in total for the
period
22,385
-
22,385
22,971
Support costs before reallocation
124,118
-
124,118
99,482
Total support costs - Current Year
124,118
-
124,118
99,482
-
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
124,118
124,118		 99,482
99,482
-
-
-

29

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FUTURE LEISURE IN COXHOE (FLiC) Ltd

NOTES TO THE ACCOUNTS

YEAR ENDED 31[st] DECEMBER 2023

29 Other Expenditure - Governance costs

Current Year
Independent Examiner's fees
Total Governance costs		 Current
year
Unrestricted
Funds
2023
£
1,500
1,500		 Current
year
Restricted
Funds
2023
£
-
-		 Current
year
Total
Funds
2023
£
1,500
1,500		 Prior Year
Total
Funds
2022
£
1,500
1,500

Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination fees

Fees paid to the examiner's firm
Total additional fees included in
support costs		 Current
year
Unrestricted
Funds
2023
£
600
600		 Current
year
Restricted
Funds
2023
£
-
-		 Current
year
Total
Funds
2023
£
600
600		 Prior Year
Total
Funds
2022
£
700
700

30

Doc ID: 1d2cdd615da21c300f9c735adbfc82e6aef912c1

FUTURE LEISURE IN COXHOE (FLiC) Ltd

NOTES TO THE ACCOUNTS

YEAR ENDED 31[st] DECEMBER 2023

30
Total Charitable
expenditure
Current
year
Current
year
Current Year
Unrestricted
Funds
Restricted
Funds
2023
2023
£
£
Total direct spending
B2a
191,127
-
Total support costs
B2d
124,118
-
Total Governance costs
B2e
1,500
-
Total charitable expenditure
B2
316,745
-
All the expenditure in the prior year was
unrestricted.
Prior Year
Prior Year
Prior Year
Unrestricted
Funds
Restricted
Funds
2022
2022
£
£
Total direct spending
B2a
186,869
-
Total support costs
B2d
99,482
-
Total Governance costs
B2e
1,500
-
Total charitable expenditure
B2
287,851
-
31
Expenditure on raising funds and costs of investment management
Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
2023
2023
£
£
Refunds
68
-
Cost of fundraising activities
2,948
-
Fundraising trading costs
13,418
-
Movement in stock for non primary
purpose trading
(300)
Donation to Tarmac
4,749
-
Total fundraising costs
B1
20,883
-
All the expenditure in the prior year was
unrestricted.		 Current
year
Restricted
Funds
2023
£
-
-
-
-
Prior Year
Restricted
Funds
2022
£
-
-
-		 Current
year
Total
Funds
2023
£
191,127
124,118
1,500
316,745
Prior
Year
Total
Funds
2022
£
186,869
99,482
1,500		 Prior
Year
Total
Funds
2022
£
186,869
99,482
1,500
287,851
Prior
Year
Total
Funds
2022
£
140
7,013
15,546
62
-
- 287,851
Current
year
Total
Funds
2023
£
68
2,948
13,418
(300)
4,749
20,883
22,761

31

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The following pages do not form part of the financial statements

32

Doc ID: 1d2cdd615da21c300f9c735adbfc82e6aef912c1

Detailed Statement of Financial Activities

Income
Memberships monthly
Facility use
Vending
Donations
Tickets
DCC
recharge electricity
Interest
Insurance claim
Apprentice Grant
sponsorship
Total Income
Expenditure
Vending
Events
Refunds
sports equipment
Salaries
Employers NI
Employers Pension
Coaches
Uniforms
Heat & Light
Water Rates
Cleaning
Insurance
Telephone
Stationery & postage
Photocopier and Printing
IT
Repairs and maintenance
Gym equipment lease
Training
software licence
Licences
Bank Charges
Card Machine Charges &DD charges
Equipment repairs
Depreciation
Sundries
Subscriptions
Travel Expenses
HP interest
Bad Debts/resources
DBS checks
Accountancy Fees
Advertising
Professional fees
Donation to Tarmac
Total Expenditure
Net (Expenditure)/Income		 2023
2022
130079
129319
107027
117045
19737
21767
1410
11605
5546
5503
15000
15000
372
234
1570
311
-
3388
-
5000
100
-
280841
309172
13118
15608
2948
6976
68
140
750
677
153244
152493
5577
5404
6987
1023
22178
25406
207
382
37058
26670
1498
1390
6925
5815
6795
6274
2542
2257
308
277
859
937
1812
2096
21471
11373
2215
3358
675
150
2244
2190
9222
7440
354
353
6577
3938
1492
1293
22385
22971
202
61
297
205
17
41
145
145
120
36
-
106
2100
2200
253
464
236
463
4749
-
337,628
310,612
(56787)
(1440)

33 Doc ID: 1d2cdd615da21c300f9c735adbfc82e6aef912c1

FLiC Annual Report and Accounts Year Ended 31st December... Flic_Annual_Repor...s_ye_31.12.23.pdf 1d2cdd615da21c300f9c735adbfc82e6aef912c1 MM / DD / YYYY Signed

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