```
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`**||
|---|---|---|---|
|**`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-
```