```
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-
```