REGISTERED COMPANY NUMBER: 10187450 (England and Wales)
REGISTERED CHARITY NUMBER: 1167301
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
FOR
THE GALTRES CENTRE CHARITY
(A COMPANY LIMITED BY GUARANTEE)
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW
THE GALTRES CENTRE CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
----- Start of picture text -----
Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 to 9
Notes to the Financial Statements 10 to 20
----- End of picture text -----
THE GALTRES CENTRE CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2021
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31March2021.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
TheGaltresCentreCharitywasestablishedtotakeonthecharitableactivities,assetsandliabilitiesofThe Galtres
Centre.TheGaltresCentrewasformedunderatrustdeeddated17May1983forthepurposeofoperating a
communitycentrefortheuseoftheinhabitantsoftheparishofEasingwoldanditsneighbourhoodinthecounty of
North Yorkshire.
ThetrusteesareawareoftheguidancepublishedbytheCharityCommissiononPublicBenefitandtheguidance is
takenintoaccountwhentheyreviewtheobjectivesandactivitiesoftheGaltresCentretoensuretheycontinue to
reflect the charities aims.
-1-
THE GALTRES CENTRE CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2021
OBJECTIVES AND ACTIVITIES
Significant activities
Thecharityownsthefreeholdofthepropertyknownas"TheGaltres"andacquiredthefreeholdofthe surrounding
landcomprisingthewholeofthesiteapartfromtheCrabmillLanecarparkwhichisownedandmanaged by
Hambleton District Council. This was previously leased from Hambleton District Council on a ninety-nine year lease.
TheleisurehallwasconstructedbyHambletonDistrictCouncil.ThisisnowfullyownedbytheCharity.It was
officially opened on 19th April 1991. Alterations to this hall took place in 2008 and are detailed below.
A floodlitall weatherpitch,the sizeof two tenniscourts,hasbeenconstructedin the grounds,fundedby the Centre,
withtheaidofgrantsreceivedfromtheFoundationforSportandtheArts,SportEnglandandHambleton District
Council. This facility was officially opened on 5th July 1996.
A 30 stationfitness suite was constructedand funded by the Centre with grant aid from Sport Englandand Hambleton
DistrictCouncil.This facilityhas been in use sinceOctober2001.The fitnesssuiteoperateson a membershipbasis for
whicha monthlyfee is paid.Membershiphasremainedfairlyconstantsincetheopening.The facilityis openfor over
ninety hours each week and is staffed by suitably qualified paid staff.
Alifthasbeeninstalledtoprovideaccesstothefirstfloorbypeoplewithmobilityproblems.Thelifthas been
operational since May 2004.
AnextensiontotheloungewascompletedinDecember2005whichincreasedcapacityfrom120to150.The lounge
has the benefit of a hearing loop and audio equipment. The lounge furniture was replaced in 2010.
A major developmenttook place in 2008 when a four badmintoncourt size sports hall was built. The hall is suitable for
5-a-sidefootball,basketball,shortmatbowls,netball,cricketnetsandtennisaswellasbadminton.Itprovides space
forcircuittraining,manytypesofexerciseclass,children'sactivitiesandschooluse.Theconstructionofthis new
sportshallallowedtheoldleisurehalltobeconvertedandrefurbishedtobecomethenewGaltres Entertainment
Centre(GEC).WithcomfortabletieredretractableseatingtheGECcanaccommodateupto250people.A permanent
stage,goodlightingandsound,togetherwithfullprojectionfacilitiesenabletheGECtobe usedfora widevariety of
activitiesincludingdrama,music and cinema.These eventsare promotedby the Centreand by localgroupshiring the
facility.ThisdevelopmentwasfundedbytheCentrewithgrantaidfromSection106money,Hambleton District
Council,SportEngland,WREN,and a numberof otherorganisations.It was officiallyopenedon 2nd July 2009by HRH
The Princess Royal.
Partof the Centreis licensedfor entertainmentandthe sale of alcohol.The kitchenprovidesfull cateringfacilities. All
salesoffoodanddrinkarehandledbytheGaltresCentreTradingCompanyLimited,usingtheamenitiesprovided by
thecharity.ThisCompanyisawhollyownedsubsidiaryoftheGaltresCentre,underthecontrolofthe Management
Committee.
TheCentreemploysanOfficeManagerwiththreeparttimeadministrators,aSportsCoordinator,theFitness Suite
staffandparttimecleaners,groundstaffandlicensee.Theremainderof thedaytodayworkattheCentreis carried
out by unpaid volunteers.
AdiverserangeofactivitiesisprovidedincludingTownCouncilmeetings,LionsClubmeetings,meetingsof political
parties,billiardsandsnooker,bridgeandwhistdrives,amateurdramaproductions,flowerclub,craftfairsand a
MasonicLodge.Awidevarietyofentertainmenttakesplacefromtributebandstohistoricallectures,from visiting
theatregroupstocelebrityappearances.TheCentrealsopromotesregularcinemaandlivesatellitebroadcasts. The
Centreisbookedforweddingreceptions,anniversaryandbirthdayparties,funerallunches,discosandhasa regular
Friday coffee morning.
-2-
THE GALTRES CENTRE CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2021
OBJECTIVES AND ACTIVITIES
Rooms are availablefor individualhire and all parts of the premises are in constantuse, often fully booked.The sports
facilitiesareavailableforhirebyindividualsorgroups.Additionally,theCentreprovidesover30hoursof exercise
classeseachweekalongwithaprogrammeofcoachingforjuniors.ItwouldappearthattheCentreis providing
facilities which are fulfilling a public need.
ACHIEVEMENT AND PERFORMANCE
Main achievements during the year
TheGeneralPurpose(Finance)Committeeispresentedwithquarterlymanagementaccountsforthecharityand it's
tradingsubsidiary.An annualbudgetis preparedeach year and each partof our activitiesis assessedon its own, and
monitored quarterly.
WiththeCovid-19pandemicthishasbeenachallengingyearforboththecharityandthetradingcompany. Income
generationwas not possibleonce the Governmentimposed'lockdown'in March2020.As a consequence,the income
tothecharitywas25.5%ofthepreviousyearwiththefitnesscentreachievingjust7%.Whilstvarious 'lockdown'
relaxationsdid allow for the return of many activities,income fell due to size limitationsfor classes, meetings and social
occasionsandtherisingcostsofmaintainingCovid-securefacilities.Tomaintainsomeliquidity,two maturing
investment bonds were cashed in allowing the charity to pay its staff and maintain it's property.
Likeallotherorgansiations,thecharitywas ableto takeadvantageof theGovernment'sJob RetentionSchemeand a
programme of furloughingstaff was initiatedin March 2020. This scheme has worked well and was applied to both our
fulltimestaffandthosewhoareself-employed.Atthesametime,GovernmentmoneygiventolocalCouncils for
businesscontinuitywasappliedforandasmallregularincomestreamfromthissourcedidmuchtoameliorate our
cashflow problems. Overall, some £61k has been received from Covid related grants.
The charityretainsfunds in five high interestdepositaccounts.There is still an opportunityto release capitalfrom one
oftheseaccountswithoutgoingbelowthe£200kthresholddemandedbyit'sreservespolicy.Thedirectors are
confidentthatthe plannedeasingof 'lockdown'proceduresin the nextperiodwill allowbusinessto returnto normal
and for the charity to pay it's way once again.
FINANCIAL REVIEW
The financial position of the charity and of its trading subsidiary is currently satisfactory.
Since the centre was formed in 1983 the facilitiesof the Galtres Centre have been improved and extended by means of
judiciousmanagementand grants received from variousbodies.Over 75% of the charity'sreserves are investedin the
facilitiesandfurtherimprovementsareplannedoverthenextfewyears.Thepolicyofthetrusteesisto maintain
sufficientliquidreservestoenablethecharitytomaintainandreplaceitsfunctionalassets,tomeetshort term
operatingexpensestoimprovethefacilitiesasfundsbecomeavailableandtomaintainasufficientreserveto ensure
the long term sustainability of the Centre should voluntary input be reduced.
Funds are held in high interest deposit accounts.
Most of the operational activities of the centre are self-financing. No specific fund raising activities are planned.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
TheGaltresCentreCharitywasincorporatedon18May2016andregisteredbytheCharitiesCommissionon24 May
2016 to take over the tradingactivitiesof the Galtres Centre which was formed under a declarationof trust on 17 May
1983, and duly registered as a charity on 24 January 1984.
-3-
THE GALTRES CENTRE CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
Trustees, includingthose selected by organisationswithin the town to represent them on the management committee,
are volunteers who ask to become members of the management committee.
AlltrusteesarenominatedandelectedattheannualgeneralmeetinginOctobereachyear,whenafulllistof all
current trustees are voted on and recorded.
Organisational structure
Theoriginaltrustdeeddecreedthatthecentreshouldbeadministeredbyacommitteeofmanagement, comprising
thirtyelectedmembers,plusthirtyfourmembersselectedtorepresenteachoftheorganisationswithinthe town
supportingthecentre.The namesof theseorganisationsareshownin thedeclarationof trust.Inadditionnot more
than ten further members may be co-opted.
The Articles of Association of the newly formed Galtres Centre Charity are derived from that original trust deed.
The directors are the trustees of the charity. The minimum number of directors specified in the Articles is 8.
The members comprise:
o The subscribers to the Memorandum;
oup to thirtyindividualmemberswho shallbe electedfrom the generalpublicat the annualgeneralmeetingof the
charity (known as elected members);
oone member nominatedby and representingeach formallyconstitutedclub or society within Easingwold(known as
representative members), the identity of such clubs and societies to be determined by the directors; and
o up to ten co-opted members, who shall be determined by the directors (known as co-opted members).
Members are encouragedto participatein the managementof the Centre and are entitledto attend General Meetings
and to vote on resolutions presented to those meetings.
Subgroupsareappointedtocarryoutspecificfunctionsintheday-to-dayrunningofthecentre.These comprise
GeneralPurpose(Finance)Committee,SportsCommittee,LiveEntertainment,CinemaandSatellite,Catering, and
Administration.
Induction and training of new trustees
New trustees are given copies of the Charity Commission leaflet detailing the duties and responsibilities of trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
10187450 (England and Wales)
Registered Charity number
1167301
Registered office
The Galtres Centre
Market Place
Easingwold
North Yorkshire
YO61 3AD
-4-
THE GALTRES CENTRE CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
Trustees
The Galtres Centre Charity is administered by the directors with the support of the members.
The trustees during the period under review were:
J R Farmer
C J Pearson
R Foster (Deceased 29/4/21)
D Bracewell
SM Bracewell
C J Smethurst
N Madden
R F Barugh
P Glossop
W A Rinaldi-Butcher
E P Readman
F M Readman
D E Gallon
R Westerman
Independent Examiner
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW
Approved by order of the board of trustees on 18 August 2021 and signed on its behalf by:
Mr J R Farmer - Trustee
-5-
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE GALTRES CENTRE CHARITY
Independent examiner's report to the trustees of The Galtres Centre Charity ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accountsof the Company are not required to be audited under Part 16 of the 2006 Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as
carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carryingout my examinationI have followed
the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
N Pearce
ICAEW
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW
14 September 2021
-6-
THE GALTRES CENTRE CHARITY
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
3
Charitable activities
Sporting and other community activites
Entertainment activities
Investment income
4
Total
EXPENDITURE ON
Charitable activities
5
Sporting and other community activites
Entertainment activities
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
16
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
funds
£
64,520
42,911
197
6,662
114,290
197,802
(844)
196,958
(82,668)
16,913
(65,755)
2,028,413
1,962,658 |
Restricted
funds
£
31,360
-
-
-
31,360
31,360
-
31,360
-
(16,913)
(16,913)
104,012
87,099 |
2021
Total
funds
£
95,880
42,911
197
6,662
145,650
229,162
(844)
228,318
(82,668)
-
(82,668)
2,132,425
2,049,757 |
2020
Total
funds
£
58,912
177,456
41,251
42,518 |
|
|
|
|
320,137
279,597
24,159 |
|
|
|
|
303,756 |
|
|
|
|
16,381
- |
|
|
|
|
16,381
2,116,044 |
|
|
|
|
2,132,425 |
The notes form part of these financial statements
-7-
THE GALTRES CENTRE CHARITY (REGISTERED NUMBER: 10187450)
BALANCE SHEET
31 MARCH 2021
Notes
FIXED ASSETS
Tangible assets
12
Investments
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Unrestricted
funds
£
1,537,683
5
1,537,688
40,499
388,880
429,379
(4,409)
424,970
1,962,658
1,962,658 |
Restricted
funds
£
87,099
-
87,099
-
-
-
-
-
87,099
87,099 |
2021
Total
funds
£
1,624,782
5
1,624,787
40,499
388,880
429,379
(4,409)
424,970
2,049,757
2,049,757
1,962,658
87,099
2,049,757 |
2020
Total
funds
£
1,644,047
5
1,644,052
20,102
482,900
503,002
(14,629)
488,373
2,132,425
2,132,425
2,028,413
104,012
2,132,425 |
|
|
|
|
|
The charitablecompanyis entitledto exemptionfrom audit under Section 477 of the CompaniesAct 2006 for the year
ended 31 March 2021.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
-8-
THE GALTRES CENTRE CHARITY (REGISTERED NUMBER: 10187450)
BALANCE SHEET - continued
31 MARCH 2021
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
The financialstatements were approved by the Board of Trustees and authorisedfor issue on 18 August 2021 and were
signed on its behalf by:
Mr J R Farmer - Trustee
Mr C J Smethurst - Trustee
The notes form part of these financial statements
-9-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
1. STATUTORY INFORMATION
The charityis a companylimitedby guarantee,incorporatedin EnglandandWales.The company’s registered
office address and details of the charity’s operations and principal activities are given in the Trustees’ Report.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financialstatementsof the charitablecompanylimited by guarantee,which is a publicbenefit entity under
FRS102,havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUK and
RepublicofIreland'andtheCompaniesAct2006.Thefinancialstatementshavebeenpreparedunder the
historical cost convention.
ThecharityhasawhollyownedsubsidiaryTheGaltresCentreTradingCompanyLtd.Thecharityhas taken
advantageof theexemptionsaffordedbytheSORPnotto preparegroupaccountson thebasisthatthe gross
income of the group is below the group accounts preparation threshold.
Income
All incomingresourcesare includedon the Statementof FinancialActivitieswhen the charityis legally entitled
totheincomeandtheamountcanbequantifiedwithreasonableaccuracy.Specificpoliciesareapplied to
particular categories of income.
Voluntaryincomeisreceivedbywayofgrants,donations,legaciesandgiftsandisincludedinfullin the
StatementofFinancialActivitieswhenreceivable.Grantsareaccountedforasthecharityearnstheright to
considerationbyitsperformance.Capitalgrantsareincludedintherestrictedfundsandwrittenoffover the
same period as the depreciation period of the asset for which they were received.
The value of services provided by volunteers has not been included in these accounts.
Investment income is included when receivable.
Incoming resources from charitable activities is accounted for when the right to consideration accrues.
Expenditure
Expenditureisrecognisedonanaccrualsbasisasaliabilityisincurred.ExpenditureincludesanyVAT which
cannot be fully recovered, and is reported as part of sporting and other community activities expenditure.
Charitableexpenditurecomprises those costs incurred by the charity in the delivery of its activities and services.
Itincludesbothcoststhatcanbeallocateddirectlytosuchactivitiesandthosecostsofanindirect nature
necessary to support them.
Governancecosts include those costs associatedwith meeting the constitutionaland statutoryrequirements of
the charity and include the accounts fees and costs linked to the strategic management of the charity.
Allcostsareallocatedbetweentheexpenditurecategoriesonabasisdesignedtoreflecttheuseof the
resource.Costs relating to a particularactivityare allocateddirectly,others are apportionedon an appropriate
basis consistent with the use of the resources.
continued...
-10-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
2. ACCOUNTING POLICIES - continued
Tangible fixed assets |
|
All weather pitch - site work |
50 years straight line |
All weather pitch - surface |
10 years straight line |
Fitness suite - equipment |
5 years straight line |
Sports hall and entertainment centre - equipment |
10 years straight line |
Fixtures, fittings, equipment |
5 years straight line |
Thecharityhasrevieweditstangiblefixedassets.Wherethetrusteesconsiderthattheexpectedusefullife of
freeholdlandandbuildingsisinexcessof50yearsandthecarryingvalueinthefinancialstatementsis not
more than the estimatedrecoverableamount,no depreciationis chargedand, in accordancewith FRS 102, the
trusteeswillcontinuetocarryoutannualreviewsofimpairment.Nodepreciationischargedonthe Galtres
Centre building.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designatedfundsareunrestrictedfundsearmarkedbythetrusteesforparticularpurposes.The contingency
fund is a designated fund.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the
charitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesintheperiod to
which they relate.
Leasing commitments
Rentalspaidunderoperatingleasesarechargedagainstincomeona straightlinebasisovertheperiodof the
lease
Fixed asset investments
Fixed asset investments are stated at cost less provision for any impairment.
Government grants
Incomefromgovernmentgrantsisrecognisedwhenthecharityisentitledtotheincome,thereceipt is
probable and the amount can be measured reliably.
continued...
-11-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
3. DONATIONS AND LEGACIES
Donations
Grants
Trading subsidiary income
Grants received, included in the above, are as follows:
Hambleton District Council - Sports co-ordinator
Hambelton District Council - Covid-19
HMRC - JRS grant
4.
INVESTMENT INCOME
From trading subsidiary
Interest received
5.
CHARITABLE ACTIVITIES COSTS
Sporting and other community activites
Entertainment activities |
Direct
Costs
£
219,748
(844)
218,904 |
2021
£
3,119
92,761
-
95,880
2021
£
31,360
21,214
40,187
92,761
2021
£
-
6,662
6,662
Support
costs (see
note 6)
£
9,414
-
9,414 |
2020
£
2,402
30,497
26,013
58,912
2020
£
30,497
-
-
30,497
2020
£
36,000
6,518
42,518
Totals
£
229,162
(844)
228,318 |
|
|
|
|
Sportingandothercommunityactivitiesexpenditureincludes£6,796(£13,625inthepreviousperiod) of
irrecoverable input VAT.
continued...
-12-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
6. SUPPORT COSTS
SUPPORT COSTS |
|
|
|
|
Governance |
|
|
costs |
|
|
£ |
Sporting and other community activites |
|
9,414 |
Support costs, included in the above, are as follows: |
|
|
|
2021 |
2020 |
|
Sporting |
|
|
and other |
|
|
community |
Total |
|
activites |
activities |
|
£ |
£ |
Administration salaries |
4,133 |
4,458 |
Telephone |
201 |
260 |
Postage and stationery |
405 |
843 |
Computer supplies, support |
225 |
337 |
Accountancy and legal fees |
4,450 |
6,099 |
|
9,414 |
11,997 |
NET INCOME/(EXPENDITURE) |
|
|
Net income/(expenditure) is stated after charging/(crediting): |
|
|
|
2021 |
2020 |
|
£ |
£ |
Depreciation - owned assets |
19,265 |
22,037 |
7. NET INCOME/(EXPENDITURE)
8. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2021norforthe year
ended 31 March 2020.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2021norfortheyear ended
31 March 2020.
continued...
-13-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
9. STAFF COSTS
|
2021 |
2020 |
|
£ |
£ |
Wages and salaries |
|
|
|
|
|
Administration staff (one full time, three part time) |
41,962 |
45,195 |
Outside help (two part time) |
11,455 |
11,305 |
Sport and leisure co-ordinator (one full time) |
25,482 |
29,661 |
Cleaners (three part time) |
13,965 |
19,654 |
Fitness coaching (one part time) |
7,181 |
6,810 |
|
|
|
|
100,045 |
112,625 |
|
|
|
|
|
|
Gross wages and salaries |
98,207 |
109,070 |
Social security costs |
685 |
2,362 |
Employers pension costs |
1,153 |
1,193 |
|
|
|
|
100,045 |
112,625 |
|
|
|
|
|
|
The average number of employees during the year was 11 (2020 - 12).
Inaddition,variouspeopleassistedonaselfemployedbasiswithcoachingofsportsandotheractivitiesat a
totalcostof£33,529(Y/E2020:£57,704).Ofthistotal,£19,364(Y/E2020:£652)waspaidtoself employed
coaches whilst they were unable to work due to Covid-19restrictions.The paymentswere consideredas grants
tosecurethelongtermprovisionofsportingandotheractivitiesattheCentre.£4,290ofthesegrants were
repaid to the Centre on receipt of SEISS grants and are shown under income.
There are no employees who received total emoluments of more than £60,000.
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
|
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Sporting and other community activites
Entertainment activities
Investment income
Total
EXPENDITURE ON
Charitable activities
Sporting and other community activites
Entertainment activities |
Unrestricted
funds
£
28,415
177,456
41,251
42,518
289,640
249,100
24,159 |
Restricted
funds
£
30,497
-
-
-
30,497
30,497
- |
Total
funds
£
58,912
177,456
41,251
42,518 |
|
|
|
320,137
279,597
24,159 |
continued...
-14-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|
|
|
|
Unrestricted
funds
£
Total
273,259
NET INCOME
16,381
Transfers between funds
16,913
Net movement in funds
33,294
RECONCILIATION OF FUNDS
Total funds brought forward
1,995,119
TOTAL FUNDS CARRIED FORWARD
2,028,413
11.
INDEPENDENT EXAMINER'S FEES
Independent Examiner's fees for the period were £4,450 (2020: £6,099) plus VAT.
12.
TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 April 2020 and 31 March 2021
1,839,092
DEPRECIATION
At 1 April 2020
236,865
Charge for year
5,780
At 31 March 2021
242,645
NET BOOK VALUE
At 31 March 2021
1,596,447
At 31 March 2020
1,602,227 |
|
Restricted
funds
£
30,497
-
(16,913)
(16,913)
120,925
104,012
Fixtures
and
fittings
£
447,063
405,243
13,485
418,728
28,335
41,820 |
|
Total
funds
£ |
|
|
|
|
303,756 |
|
|
|
|
16,381
- |
|
|
|
|
16,381
2,116,044 |
|
|
|
|
2,132,425 |
|
|
|
|
Totals
£
2,286,155
642,108
19,265
661,373
1,624,782
1,644,047 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
continued...
-15-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
13. FIXED ASSET INVESTMENTS
FIXED ASSET INVESTMENTS |
|
|
Shares in |
|
group |
|
undertakings |
|
£ |
COST LESS IMPAIRMENT |
|
At 1 April 2020 and 31 March 2021 |
5 |
NET BOOK VALUE |
|
At 31 March 2021 |
5 |
At 31 March 2020 |
5 |
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
The Galtres Centre Trading Company
Registered office: The Galtres Centre, Market Place, Easingwold, Yorkshire, YO61 3AD
Nature of business: Trading subsidiary
%
Class of share:
holding
Ordinary
100
Aggregate capital and reserves
(Loss)/profit for the year
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Due from trading company
VAT
Prepayments and accrued income |
2021
£
5
(18,949)
2021
£
1,143
27,654
173
11,529
40,499 |
2020
£
5
26,013
2020
£
1,850
7,022
-
11,230
20,102 |
|
|
|
continued...
-16-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
Social security and other taxes
VAT
Accruals and deferred income |
2021
£
(507)
-
4,916
4,409 |
2020
£
-
788
13,841 |
|
|
14,629 |
16.MOVEMENT IN FUNDS
MOVEMENT IN FUNDS |
|
|
|
|
|
|
Unrestricted funds
General fund
Contingency Fund
Restricted funds
All weather pitch reserve
Fitness suite reserve
Sports hall reserve
TOTAL FUNDS
Net movement in funds, included in the above ar
Unrestricted funds
General fund
Restricted funds
Sports and leisure fund
TOTAL FUNDS |
At 1/4/20
£
1,953,413
75,000
2,028,413
30,498
6,026
67,488
104,012
2,132,425
e as follows: |
|
Net
movement
in funds
£
(82,668)
-
(82,668)
-
-
-
-
(82,668)
Incoming
resources
£
114,290
31,360
145,650 |
|
Transfers
between
funds
£
16,913
-
16,913
(4,390)
(4,811)
(7,712)
(16,913)
-
Resources
expended
£
(196,958)
(31,360)
(228,318) |
At
31/3/21
£
1,887,658
75,000
1,962,658
26,108
1,215
59,776
87,099
2,049,757
Movement
in funds
£
(82,668)
-
(82,668) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
continued...
-17-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
16. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted funds
General fund
Contingency Fund
Restricted funds
All weather pitch reserve
Fitness suite reserve
Sports hall reserve
TOTAL FUNDS |
At 1/4/19
£
1,920,119
75,000
1,995,119
34,890
10,836
75,199
120,925
2,116,044 |
Net
movement
in funds
£
16,381
-
16,381
-
-
-
-
16,381 |
Transfers
between
funds
£
16,913
-
16,913
(4,392)
(4,810)
(7,711)
(16,913)
- |
At
31/3/20
£
1,953,413
75,000 |
|
|
|
|
2,028,413
30,498
6,026
67,488 |
|
|
|
|
104,012 |
|
|
|
|
2,132,425 |
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Sports and leisure fund
TOTAL FUNDS |
Incoming
resources
£
289,640
30,497
320,137 |
Resources
Movement
expended
in funds
£
£
(273,259)
16,381
(30,497)
-
(303,756)
16,381 |
|
|
|
continued...
-18-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
16. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Contingency Fund
Restricted funds
All weather pitch reserve
Fitness suite reserve
Sports hall reserve
TOTAL FUNDS |
At 1/4/19
£
1,920,119
75,000
1,995,119
34,890
10,836
75,199
120,925
2,116,044 |
Net
movement
in funds
£
(66,287)
-
(66,287)
-
-
-
-
(66,287) |
Transfers
between
funds
£
33,826
-
33,826
(8,782)
(9,621)
(15,423)
(33,826)
- |
At
31/3/21
£
1,887,658
75,000 |
|
|
|
|
1,962,658
26,108
1,215
59,776 |
|
|
|
|
87,099 |
|
|
|
|
2,049,757 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:
Unrestricted funds
General fund
Restricted funds
Sports and leisure fund
TOTAL FUNDS |
Incoming
resources
£
403,930
61,857
465,787 |
Resources
Movement
expended
in funds
£
£
(470,217)
(66,287)
(61,857)
-
(532,074)
(66,287) |
|
|
|
Therestrictedfundsallrelatetograntsanddonationsreceivedforspecificpurposesaslaiddownby the
donors.
ThesportsandleisurefundrelatestofundingfromHambletonDistrictCounciltoassistinthe general
well-beingandhealthimprovementofthecommunitiesinthesouthofHambleton,throughtheprovision of
sport, leisure and the arts.
The capitalreserve restrictedfunds(beingthe all-weatherpitchreserve,the fitnessreserve and the sports hall
reserve),arewrittenoffoverthesameperiodasthedepreciationperiodoftheassetforwhichthey were
received and transferred to general funds.
continued...
-19-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2021
17. RELATED PARTY DISCLOSURES
NosharedoverheadcostswerechargedbyTheGaltresCentretoitswhollyownedsubsidiaryThe Galtres
CentreTradingCompanyLtdinrespectoftheuseofitsfacilitieswithintheyear(Y/E2020:£31,045). The
GaltresCentrechargedno rent to The GaltresCentreTradingCompanyLtdfor the use of the fitnesssuite (Y/E
2020: £24,000) and use of the exercise machines (Y/E 2020: £12,000) within the year.
NodonationswerereceivedfromTheGaltresCentreTradingCompanyLtdduringtheyear.(Y/E 2020:
£26,013).
ThebalanceowedbyTheGaltresTradingCompanyLtdtoTheGaltresCentreat31March2021amounted to
£27,654(31March2020:£7,022).Atthebalancesheetdatethiswasbalancewasinterestfreeand repayable
on demand.
Fundshavebeenadvancedto thetradingcompanyduringtheCovid-19restrictionsto enablethecompany to
paysalariesandoverheadsas thesefelldue.The trusteeshaveconsideredtheabilityof thetrading company
torepaythefundsadvancedandaresatisfiedthecompanywillbeabletorepaytheseoncethe Covid-19
restrictionshave been lifted.Since the year end a formal loan agreementfor advancesup to £50,000 between
the Charity and the trading company has been completed.
-20-