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 2022
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 2022
|
|
Page |
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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 |
21 |
Detailed Statement of Financial Activities |
22 |
to |
23 |
THE GALTRES CENTRE CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
Thetrusteeswhoarealsodirectorsof thecharityforthepurposesof theCompaniesAct 2006,presenttheirreportwith the
financialstatementsofthecharityfortheyearended31March2022.Thetrusteeshaveadoptedtheprovisions of
Accountingand Reportingby Charities:Statementof RecommendedPracticeapplicableto charitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
TheGaltresCentreCharitywasestablishedtotakeonthecharitableactivities,assetsandliabilitiesofTheGaltres Centre.
TheGaltresCentrewasformedundera trustdeeddated17 May1983forthepurposeof operatinga communitycentre for
the use of the inhabitants of the parish of Easingwold and its neighbourhood in the county of North Yorkshire.
The trusteesare awareof the guidancepublishedby the CharityCommissionon PublicBenefitand the guidanceis taken into
accountwhentheyreviewtheobjectivesandactivitiesof theGaltresCentreto ensuretheycontinueto reflectthe charities
aims.
-1-
THE GALTRES CENTRE CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
OBJECTIVES AND ACTIVITIES
Significant activities
Thecharityownsthefreeholdofthepropertyknownas"TheGaltres"andacquiredthefreeholdofthesurrounding land
comprisingthewholeofthesiteapartfromtheCrabmillLanecarparkwhichisownedandmanagedbyHambleton District
Council. This was previously leased from Hambleton District Council on a ninety-nine year lease.
TheleisurehallwasconstructedbyHambletonDistrictCouncil.ThisisnowfullyownedbytheCharity.Itwas officially
opened on 19th April 1991. Alterations to this hall took place in 2008 and are detailed below.
Afloodlitallweatherpitch,thesizeoftwotenniscourts,hasbeenconstructedinthegrounds,fundedbytheCentre, with
theaidofgrantsreceivedfromtheFoundationforSportandtheArts,SportEnglandandHambletonDistrictCouncil. This
facility was officially opened on 5th July 1996.
A30stationfitnesssuitewasconstructedandfundedbytheCentrewithgrantaidfromSportEnglandand Hambleton
DistrictCouncil.Thisfacilityhas beeninusesinceOctober2001.Thefitnesssuiteoperateson a membershipbasisfor which
a monthlyfeeis paid.Membershiphas remainedfairlyconstantsincetheopening.Thefacilityis openforovereighty hours
each week and is staffed by suitably qualified paid staff.
Alifthasbeeninstalledtoprovideaccesstothefirstfloorbypeoplewithmobilityproblems.Thelifthasbeen operational
since May 2004.
An extensionto theloungewas completedin December2005whichincreasedcapacityfrom120 to 150.Theloungehas the
benefit of a hearing loop and audio equipment. The lounge furniture was replaced in 2010.
Amajordevelopmenttookplacein2008whenafourbadmintoncourtsizesportshallwasbuilt.Thehallissuitable for
5-a-sidefootball,basketball,shortmatbowls,netball,cricketnetsandtennisaswellasbadminton.Itprovidesspace for
circuittraining,manytypesofexerciseclass,children'sactivitiesandschooluse.Theconstructionofthisnewsports hall
allowedtheoldleisurehalltobeconvertedandrefurbishedtobecomethenewGaltresEntertainmentCentre(GEC). With
comfortabletieredretractableseatingtheGECcanaccommodateupto250people.Apermanentstage,goodlighting and
sound,togetherwithfullprojectionfacilitiesenabletheGECtobeusedforawidevarietyofactivitiesincluding drama,
musicandcinema.TheseeventsarepromotedbytheCentreandbylocalgroupshiringthefacility.Thisdevelopment was
fundedbytheCentrewithgrantaidfromSection106money,HambletonDistrictCouncil,SportEngland,WREN,and a
number of other organisations. It was officially opened on 2nd July 2009 by HRH The Princess Royal.
PartoftheCentreislicensedforentertainmentandthesaleofalcohol.Thekitchenprovidesfullcateringfacilities.All sales
offoodanddrinkarehandledbytheGaltresCentreTradingCompanyLimited,usingtheamenitiesprovidedbythe charity.
This Company is a wholly owned subsidiary of the Galtres Centre, under the control of the Management Committee.
TheCentreemploysan OfficeManagerwiththreeparttimeadministrators,a SportsCoordinator,theFitnessSuitestaff and
parttimecleaners,groundstaffandlicensee.TheremainderofthedaytodayworkattheCentreiscarriedoutby unpaid
volunteers.
A diverserangeofactivitiesisprovidedincludingTownCouncilmeetings,LionsClubmeetings,meetingsofpolitical parties,
billiardsandsnooker,bridgeandwhistdrives,amateurdramaproductions,flowerclub,craftfairsandaMasonicLodge. A
widevarietyofentertainmenttakesplacefromtributebandstohistoricallectures,fromvisitingtheatregroupsto celebrity
appearances.TheCentrealsopromotesregularcinemaandlivesatellitebroadcasts.TheCentreisbookedfor wedding
receptions, anniversary and birthday parties, funeral lunches, discos and has a regular Friday coffee morning.
-2-
THE GALTRES CENTRE CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2022
OBJECTIVES AND ACTIVITIES
Roomsareavailableforindividualhireandallpartsofthepremisesareinconstantuse,oftenfullybooked.The sports
facilitiesareavailableforhirebyindividualsorgroups.Additionally,theCentreprovidesover30hoursofexercise classes
eachweekalongwitha programmeof coachingforjuniors.ItwouldappearthattheCentreis providingfacilitieswhich are
fulfilling a public need.
ACHIEVEMENT AND PERFORMANCE
Main achievements during the year
TheGeneralPurpose(Finance)Committeeispresentedwithquarterlymanagementaccountsforthecharityandits trading
subsidiary.Anannualbudgetispreparedeachyearandeachpartofouractivitiesisassessedonitsownand monitored
quarterly.
With the continuationof the Covid-19pandemicthis has beena furtherchallengingyearfor both the Charityand the Trading
Company.Thefinancialyearstartedwithacompletelockdown.AdvantagewasagaintakenoftheGovernment furlough
schemesalthoughthevalueofthesediminishedduringthefirstsixmonthsoftheyear.Thecostofroutine maintenance,
utilities,insuranceetc.,alongwithaskeletonstaffmeantamonthlylossofseveralthousandpounds,fundedfrom our
reserves.
As thelockdownwasprogressivelyliftedtheCentrewasabletoresumeoperations.Greatcarewastakentoensurethat all
legislationandguidelineswasfollowedtomaketheCentresafeandtogiveusersconfidenceinattendingtheir chosen
activity.Takeupwasinitiallyslowwithbothdirectlypromotedactivitiesandthehiringofrooms.Continuingto provide
Covid secure premises was a further expense.
However,towardstheendoftheyear,thetakeupofalltypesofactivity,sport,entertainmentandvenuehirewas moving
towards pre-pandemic levels. Particularly encouraging was the increasing take up of membership of the fitness centre.
The charityretainsfundsin fiveinterestbearingdepositaccounts.Thereis stillan opportunityto releasecapitalfromone of
theseaccountswithoutgoingbelowthe£200kthresholddemandedbyitsreservespolicy.Thedirectorsareconfident that
the next period will allow business to return to normal and for the charity to pay its way once again.
FINANCIAL REVIEW
The financial position of the charity and of its trading subsidiary is currently satisfactory.
Sincethecentrewasformedin1983thefacilitiesoftheGaltresCentrehavebeenimprovedandextendedbymeans of
judiciousmanagementandgrantsreceivedfromvariousbodies.Over75%ofthecharity'sreservesareinvestedin the
facilitiesandfurtherimprovementsareplannedoverthenextfewyears.Thepolicyofthetrusteesistomaintain sufficient
liquidreservesto enablethecharityto maintainandreplaceitsfunctionalassets,to meetshorttermoperatingexpenses to
improvethe facilitiesas fundsbecomeavailableand to maintaina sufficientreserveto ensurethe longtermsustainability of
the Centre should voluntary input be reduced.
Funds are held in interest bearing 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
The GaltresCentreCharitywas incorporatedon 18 May 2016 and registeredby the CharitiesCommissionon 24 May 2016 to
takeoverthetradingactivitiesoftheGaltresCentrewhichwasformedunderadeclarationoftruston17May1983, 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 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
Trustees,includingthoseselectedbyorganisationswithinthetowntorepresentthemonthemanagementcommittee, are
volunteers who ask to become members of the management committee.
AlltrusteesarenominatedandelectedattheannualgeneralmeetinginOctobereachyear,whenafulllistofall current
trustees is voted on and recorded.
Organisational structure
Theoriginaltrustdeeddecreedthatthecentreshouldbeadministeredbyacommitteeofmanagement,comprising thirty
electedmembers,plusthirtyfourmembersselectedtorepresenteachoftheorganisationswithinthetownsupporting the
centre.Thenamesoftheseorganisationsareshowninthedeclarationoftrust.Inadditionnotmorethanten 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 electedfromthe generalpublicat the annualgeneralmeetingof the charity
(known as elected members);
oonemembernominatedbyandrepresentingeachformallyconstitutedcluborsocietywithinEasingwold(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).
MembersareencouragedtoparticipateinthemanagementoftheCentreandareentitledtoattendGeneralMeetings and
to vote on resolutions presented to those meetings.
Subgroupsareappointedtocarryoutspecificfunctionsintheday-to-dayrunningofthecentre.Thesecomprise General
Purpose (Finance) Committee, Sports Committee, Live Entertainment, Cinema and Satellite, 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 2022
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 29/4/2021)
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
S D Mattock (Appointed 26/01/2022)
Independent Examiner
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct2006relating to
small companies.
Approved by order of the board of trustees on 10 November 2022 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 2022.
Responsibilities and basis of report
As the charity'strusteesof the Company(andalsoits directorsforthe purposesof companylaw)you areresponsiblefor the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 ofthe2006Act and
areeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsascarried out
undersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowedthe Directions
given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I havecompletedmy examination.I confirmthatno mattershavecometo my attentionin connectionwiththe 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)).
I haveno concernsand havecomeacrossno othermattersin connectionwiththe examinationto whichattentionshould be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
H Priest
ICAEW
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW
10 November 2022
-6-
THE GALTRES CENTRE CHARITY
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022
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
17
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
funds
£
38,252
129,131
14,163
4,270
185,816
200,119
8,447
208,566
(22,750)
13,317
(9,433)
1,962,658
1,953,225 |
Restricted
funds
£
44,140
-
-
-
44,140
44,140
-
44,140
-
(13,317)
(13,317)
87,099
73,782 |
2022
Total
funds
£
82,392
129,131
14,163
4,270
229,956
244,259
8,447
252,706
(22,750)
-
(22,750)
2,049,757
2,027,007 |
2021
Total
funds
as restated
£
95,880
42,911
197
6,662 |
|
|
|
|
145,650 |
|
|
|
|
229,162
(844) |
|
|
|
|
228,318 |
|
|
|
|
(82,668)
- |
|
|
|
|
(82,668)
2,132,425 |
|
|
|
|
2,049,757 |
The notes form part of these financial statements
-7-
THE GALTRES CENTRE CHARITY (REGISTERED NUMBER: 10187450)
BALANCE SHEET 31 MARCH 2022
Notes
FIXED ASSETS
Tangible assets
13
Investments
14
CURRENT ASSETS
Debtors
15
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Unrestricted
funds
£
1,536,601
5
1,536,606
44,888
390,435
435,323
(18,704)
416,619
1,953,225
1,953,225 |
Restricted
funds
£
73,782
-
73,782
-
745
745
(745)
-
73,782
73,782 |
2022
Total
funds
£
1,610,383
5
1,610,388
44,888
391,180
436,068
(19,449)
416,619
2,027,007
2,027,007
1,953,225
73,782
2,027,007 |
2021
Total
funds
as restated
£
1,624,782
5 |
|
|
|
|
1,624,787
56,845
388,880 |
|
|
|
|
445,725
(20,755) |
|
|
|
|
424,970 |
|
|
|
|
2,049,757 |
|
|
|
|
2,049,757 |
|
|
|
|
1,962,658
87,099 |
|
|
|
|
2,049,757 |
The charitablecompanyis entitledto exemptionfromauditunderSection477 of the CompaniesAct 2006 for the year ended
31 March 2022.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 March 2022 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 2022
Thesefinancialstatementshavebeenpreparedin accordancewiththe provisionsapplicableto charitablecompanies subject
to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon10November2022and 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 2022
1. STATUTORY INFORMATION
Thecharityisaprivatecompanylimitedbyguarantee,incorporatedinEnglandandWales.The company’s
registeredofficeaddressanddetailsofthecharity’soperationsandprincipalactivitiesaregiveninthe Trustees’
Report.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompanylimitedbyguarantee,whichisapublicbenefitentityunder FRS
102,havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewith the
FinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January 2019)',
FinancialReportingStandard102 'TheFinancialReportingStandardapplicablein theUK and Republicof Ireland' and
the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The charityhas a whollyownedsubsidiaryThe GaltresCentreTradingCompanyLtd.The charityhas taken advantage
oftheexemptionsaffordedbytheSORPnottopreparegroupaccountsonthebasisthatthegrossincomeof the
group is below the group accounts preparation threshold.
Income
All incomingresourcesare includedon the Statementof FinancialActivitieswhenthe charityis legallyentitledto the
incomeandtheamountcanbequantifiedwithreasonableaccuracy.Specificpoliciesareappliedto particular
categories of income.
Voluntaryincomeis receivedby way of grants,donations,legaciesand giftsand is includedin fullin the Statement of
FinancialActivitieswhenreceivable.Grantsareaccountedforasthecharityearnstherighttoconsiderationby its
performance.Capitalgrantsareincludedintherestrictedfundsandwrittenoffoverthesameperiodas 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.ExpenditureincludesanyVATwhich cannot
be fully recovered, and is reported as part of sporting and other community activities expenditure.
Charitableexpenditurecomprisesthosecostsincurredbythecharityinthedeliveryofitsactivitiesandservices. It
includesbothcoststhatcanbe allocateddirectlyto suchactivitiesand thosecostsof an indirectnaturenecessary to
support them.
Governancecostsincludethosecostsassociatedwithmeetingtheconstitutionalandstatutoryrequirementsof the
charity and include the accounts fees and costs linked to the strategic management of the charity.
Allcostsareallocatedbetweentheexpenditurecategoriesonabasisdesignedtoreflecttheuseofthe resource.
Costs relatingto a particularactivityareallocateddirectly,othersareapportionedon an appropriatebasis 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 2022
2. ACCOUNTING POLICIES - continued
Tangible fixed assets
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
freeholdlandandbuildingsisinexcessof50yearsandthecarryingvalueinthefinancialstatementsisnot more
thantheestimatedrecoverableamount,nodepreciationischargedand,inaccordancewithFRS102,the trustees
will continue to carry out annual reviews of impairment. No depreciation is charged on the 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.
Designatedfundsareunrestrictedfundsearmarkedby thetrusteesforparticularpurposes.Thecontingencyfund is
a designated fund.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. 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.Contributionspayabletothe charitable
company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Leasing commitments
Rentals paid under operating leases are charged against income on a straight line basis over the period of the lease
Fixed asset investments
Fixed asset investments are stated at cost less provision for any impairment.
Government grants
Incomefromgovernmentgrantsis recognisedwhenthe charityis entitledto the income,the receiptis 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 2022
3. DONATIONS AND LEGACIES
Donations
Grants
Grants received, included in the above, are as follows:
Hambleton District Council - Sports co-ordinator
Hambleton District Council - Covid-19
HMRC - CJRS grant
Hambleton District Council - New Boiler
INVESTMENT INCOME
Interest received
CHARITABLE ACTIVITIES COSTS
Sporting and other community activites
Entertainment activities |
Direct
Costs
£
234,200
8,447
242,647 |
2022
a
£
3,698
78,694
82,392
2022
a
£
32,140
18,000
16,554
12,000
78,694
2022
a
£
4,270
Support
costs (see
note 6)
£
10,059
-
10,059 |
2021
s restated
£
3,119
92,761
95,880
2021
s restated
£
31,360
21,214
40,187
-
92,761
2021
s restated
£
6,662
Totals
£
244,259
8,447
252,706 |
|
|
|
|
4. INVESTMENT INCOME
5. CHARITABLE ACTIVITIES COSTS
Sportingandothercommunityactivitiesexpenditureincludes£10,169(£6,796inthepreviousperiod) of
irrecoverable input VAT.
continued...
-12-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
6. SUPPORT COSTS
SUPPORT COSTS |
|
|
|
|
Governance |
|
|
costs |
|
|
£ |
Sporting and other community activites |
|
10,059 |
Support costs, included in the above, are as follows: |
|
|
|
2022 |
2021 |
|
|
as restated |
|
Sporting |
|
|
and other |
|
|
community |
Total |
|
activites |
activities |
|
£ |
£ |
Administration salaries |
4,676 |
4,133 |
Telephone |
185 |
201 |
Postage and stationery |
383 |
405 |
Computer supplies, support |
275 |
225 |
Accountancy and legal fees |
4,540 |
4,450 |
|
10,059 |
9,414 |
NET INCOME/(EXPENDITURE) |
|
|
Net income/(expenditure) is stated after charging/(crediting): |
|
|
|
2022 |
2021 |
|
|
as restated |
|
£ |
£ |
Depreciation - owned assets |
16,585 |
19,265 |
7. NET INCOME/(EXPENDITURE)
8. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2022norfortheyear ended
31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
continued...
-13-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
9. STAFF COSTS
|
2022 |
2021 |
|
£ |
£ |
Wages and salaries |
|
|
|
|
|
Administration staff (one full time, three part time) |
47,426 |
41,962 |
Outside help (two part time) |
12,015 |
11,455 |
Sport and leisure co-ordinator (one full time) |
26,595 |
25,482 |
Cleaners (two part time) |
13,451 |
13,965 |
Fitness coaching (one part time) |
7,609 |
7,181 |
|
|
|
|
107,096 |
100,045 |
|
|
|
|
|
|
Gross wages and salaries |
104,351 |
98,207 |
Social security costs |
1,460 |
685 |
Employers pension costs |
1,285 |
1,153 |
|
|
|
|
107,096 |
100,045 |
|
|
|
|
|
|
The average number of employees during the year was 10 (2021 - 11).
Inaddition,variouspeopleassistedonaselfemployedbasiswithcoachingofsportsandotheractivitiesata total
costof£35,999(Y/E2021:£33,529).Ofthistotal,£1,397(Y/E2021:£19,364)waspaidtoselfemployed coaches
whilst they were unable to work due to Covid-19 restrictions.
There are no employees who received total emoluments of more than £60,000.
10. 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
£
64,520
42,911
197
6,662
114,290
197,802
(844) |
Restricted
funds
£
31,360
-
-
-
31,360
31,360
- |
Total
funds
as restated
£
95,880
42,911
197
6,662 |
|
|
|
145,650 |
|
|
|
229,162
(844) |
continued...
-14-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
funds
£
196,958
(82,668)
16,913
(65,755)
2,028,413
1,962,658 |
Restricted
funds
£
31,360
-
(16,913)
(16,913)
104,012
87,099 |
Total
funds
as restated
£ |
|
|
|
228,318 |
|
|
|
(82,668)
- |
|
|
|
(82,668)
2,132,425 |
|
|
|
2,049,757 |
11. PRIOR YEAR ADJUSTMENT
Intheprioryear,theCharitypresentedtheloanadvancedtoitssubsidiarytoassistwithfundingthe subsidiary's
workingcapitalrequirementsduringtheCOVID-19pandemictogetherwiththenormalintercompany balance
betweenthe two entities.The Trusteesnow believethat it is moreaccurateto presentthis balanceseparatelyin the
balancesheet.As a result,£44,000 in the prioryearis presentedas a debtorin currentassets.Thereis no impact on
the net income/expenditure figure presented in relation to the prior year.
12. INDEPENDENT EXAMINER'S FEES
Independent Examiner's fees for the period were £4,540 (2021: £4,450) plus VAT.
continued...
-15-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
13. TANGIBLE FIXED ASSETS
COST
At 1 April 2021
Additions
At 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
14.
FIXED ASSET INVESTMENTS
COST LESS IMPAIRMENT
At 1 April 2021 and 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021 |
Freehold
property
£
1,839,092
-
1,839,092
242,645
5,780
248,425
1,590,667
1,596,447 |
Fixtures
and
fittings
£
447,063
2,186
449,249
418,728
10,805
429,533
19,716
28,335 |
Totals
£
2,286,155
2,186
2,288,341
661,373
16,585
677,958
1,610,383
1,624,782
Shares in
group
undertakings
£
5
5
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:
continued...
-16-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022
14. FIXED ASSET INVESTMENTS - continued
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 for the year
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Due from trading company
VAT
Prepayments and accrued income
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Social security and other taxes
VAT
Due to trading company
Accruals and deferred income |
31/3/22
31/3/21
£
£
(19,805)
(18,944)
(861)
(18,949)
2022
2021
as restated
£
£
2,883
1,143
30,000
44,000
-
173
12,005
11,529
44,888
56,845
2022
2021
as restated
£
£
1,995
(507)
751
-
7,600
16,346
9,103
4,916
19,449
20,755 |
|
|
15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
continued...
-17-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022
17. 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 are as
Unrestricted funds
General fund
Restricted funds
Sports and leisure fund
New boiler fund
TOTAL FUNDS |
At 1.4.21
£
1,887,658
75,000
1,962,658
26,108
1,215
59,776
87,099
2,049,757
follows: |
Net
movement
in funds
£
(22,750)
-
(22,750)
-
-
-
-
(22,750)
Incoming
resources
£
185,816
32,140
12,000
44,140
229,956 |
|
Transfers
between
funds
£
13,317
-
13,317
(4,390)
(1,215)
(7,712)
(13,317)
-
Resources
expended
£
(208,566)
(32,140)
(12,000)
(44,140)
(252,706) |
At
31.3.22
£
1,878,225
75,000
1,953,225
21,718
-
52,064
73,782
2,027,007
Movement
in funds
£
(22,750)
-
-
-
(22,750) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
continued...
-18-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022
17. 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 1.4.20
£
1,953,413
75,000
2,028,413
30,498
6,026
67,488
104,012
2,132,425 |
Net
movement
in funds
£
(82,668)
-
(82,668)
-
-
-
-
(82,668) |
Transfers
between
funds
£
16,913
-
16,913
(4,390)
(4,811)
(7,712)
(16,913)
- |
At
31.3.21
£
1,887,658
75,000 |
|
|
|
|
1,962,658
26,108
1,215
59,776 |
|
|
|
|
87,099 |
|
|
|
|
2,049,757 |
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
£
114,290
31,360
145,650 |
Resources
Movement
expended
in funds
£
£
(196,958)
(82,668)
(31,360)
-
(228,318)
(82,668) |
Resources
Movement
expended
in funds
£
£
(196,958)
(82,668)
(31,360)
-
(228,318)
(82,668) |
|
|
|
(82,668) |
continued...
-19-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022
17. 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 1.4.20
£
1,953,413
75,000
2,028,413
30,498
6,026
67,488
104,012
2,132,425 |
Net
movement
in funds
£
(105,418)
-
(105,418)
-
-
-
-
(105,418) |
Transfers
between
funds
£
30,230
-
30,230
(8,780)
(6,026)
(15,424)
(30,230)
- |
At
31.3.22
£
1,878,225
75,000 |
|
|
|
|
1,953,225
21,718
-
52,064 |
|
|
|
|
73,782 |
|
|
|
|
2,027,007 |
A currentyear12 monthsandprioryear12 monthscombinednetmovementinfunds,includedintheaboveare as
follows:
Unrestricted funds
General fund
Restricted funds
Sports and leisure fund
New boiler fund
TOTAL FUNDS |
Incoming
resources
£
300,106
63,500
12,000
75,500
375,606 |
Resources
Movement
expended
in funds
£
£
(405,524)
(105,418)
(63,500)
-
(12,000)
-
(75,500)
-
(481,024)
(105,418) |
Resources
Movement
expended
in funds
£
£
(405,524)
(105,418)
(63,500)
-
(12,000)
-
(75,500)
-
(481,024)
(105,418) |
|
|
|
- |
|
|
|
(105,418) |
The restricted funds all relate to grants and donations received for specific purposes as laid down by the donors.
The sportsand leisurefundrelatesto fundingfromHambletonDistrictCouncilto assistin the generalwell-being and
healthimprovementofthecommunitiesinthesouthofHambleton,throughtheprovisionofsport,leisureand the
arts.
TheboilerfundrelatestofundingfromHambletonDistrictCounciltocontributetowardsthepurchaseofa new
replacement boiler for the Galtres Centre. The funds received were all spent during the current financial year.
continued...
-20-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022
17. MOVEMENT IN FUNDS - continued
Thecapitalreserverestrictedfunds(beingtheall-weatherpitchreserve,thefitnessreserveandthesports hall
reserve),arewrittenoffoverthesameperiodasthedepreciationperiodoftheassetforwhichtheywere received
and transferred to general funds.
18. RELATED PARTY DISCLOSURES
NosharedoverheadcostswerechargedbyTheGaltresCentretoitswhollyownedsubsidiaryTheGaltres Centre
TradingCompanyLtdinrespectoftheuseofitsfacilitieswithintheyear,orintheprioryear.TheGaltres Centre
chargednorenttoTheGaltresCentreTradingCompanyLtdfortheuseofthefitnesssuiteanduseofthe exercise
machines within the year or in the prior year.
No donations were received from The Galtres Centre Trading Company Ltd during the current or prior year.
ThebalanceowedbyTheGaltresCentretoTheGaltresCentreTradingCompanyat31March2022amounted to
£7,600 (2021: £16,346). At the balance sheet date this balance was interest free and repayable on demand.
FundshavebeenadvancedtothetradingcompanyduringtheCovid-19restrictionstoenablethecompanyto pay
salariesand overheadsas thesefelldue.The balanceon this loanat 31 March2022 was £30,000 (2021:£44,000). At
the balance sheet date this balance was interest free and repayable on demand.
-21-