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 2023
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 2023
|
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 |
Detailed Statement of Financial Activities |
21 to 22 |
THE GALTRES CENTRE CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31March2023.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
communitycentrefortheuseof theinhabitantsof theparishof Easingwoldanditsneighbourhoodinthecounty 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 2023
OBJECTIVES AND ACTIVITIES
Significant activities
Thecharityownsthefreeholdof thepropertyknownas "TheGaltres"andacquiredthefreeholdof the surrounding
landcomprisingthewholeofthesiteapartfromtheCrabmillLanecarparkwhichisownedandmanaged by
HambletonDistrictCouncil.ThiswaspreviouslyleasedfromHambletonDistrictCouncilonaninety-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,has beenconstructedin the grounds,fundedby the Centre,
withtheaidofgrantsreceivedfromtheFoundationforSportandtheArts,SportEnglandandHambleton District
Council. This facility was officially opened on 5th July 1996.
A30stationfitnesssuitewasconstructedandfundedbytheCentrewithgrantaidfromSportEngland and
HambletonDistrictCouncil.ThisfacilityhasbeeninusesinceOctober2001.Thefitnesssuiteoperateson a
membershipbasisforwhicha monthlyfeeis paid.Membershiphas remainedfairlyconstantsincetheopening. The
facility is open for over eighty hours each week and is staffed by suitably qualified paid staff.
Alifthasbeeninstalledtoprovideaccesstothefirstfloorbypeoplewithmobilityproblems.Thelifthas been
operational since May 2004.
An extensionto theloungewas completedin December2005 whichincreasedcapacityfrom120 to 150.The lounge
has the benefit of a hearing loop and audio equipment. The lounge furniture was replaced in 2010.
A majordevelopmenttookplacein2008whena fourbadmintoncourtsizesportshallwasbuilt.Thehallis suitable
for5-a-sidefootball,basketball,shortmatbowls,netball,cricketnetsandtennisaswellasbadminton.It provides
spaceforcircuittraining,manytypesofexerciseclass,children'sactivitiesandschooluse.Theconstructionof this
newsportshallallowedtheoldleisurehalltobeconvertedandrefurbishedtobecomethenew Galtres
EntertainmentCentre(GEC).WithcomfortabletieredretractableseatingtheGECcanaccommodateupto 250
people.Apermanentstage,goodlightingandsound,togetherwithfullprojectionfacilitiesenabletheGECto be
usedforawidevarietyofactivitiesincludingdrama,musicandcinema.Theseeventsarepromotedbythe Centre
andbylocalgroupshiringthefacility.ThisdevelopmentwasfundedbytheCentrewithgrantaidfromSection 106
money,HambletonDistrictCouncil,SportEngland,WREN,andanumberofotherorganisations.Itwas officially
opened on 2nd July 2009 by HRH The Princess Royal.
PartoftheCentreislicensedforentertainmentandthesaleofalcohol.Thekitchenprovidesfullcatering facilities.
All salesof foodand drinkare handledby the GaltresCentreTradingCompanyLimited,usingthe amenities provided
bythecharity.ThisCompanyisawhollyownedsubsidiaryoftheGaltresCentre,underthecontrolof the
Management Committee.
TheCentreemploysanOfficeManagerwithtwoparttimeadministrators,aSportsCoordinator,theFitness Suite
staffand parttimecleaners,groundstaffand licensee.The remainderof the day to day workat the Centreis carried
out by unpaid volunteers.
A diverserangeofactivitiesisprovidedincludingTownCouncilmeetings,LionsClubmeetings,meetingsof political
parties,billiardsandsnooker,bridgeandwhistdrives,amateurdramaproductions,flowerclub,craftfairsand a
MasonicLodge.Awidevarietyofentertainmenttakesplacefromtributebandstohistoricallectures,from visiting
theatregroupsto celebrityappearances.The Centrealsopromotesregularcinemaand livesatellitebroadcasts. The
Centreis bookedforweddingreceptions,anniversaryandbirthdayparties,funerallunches,discosandhas a regular
Friday coffee morning.
-2-
THE GALTRES CENTRE CHARITY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2023
OBJECTIVES AND ACTIVITIES
Roomsareavailableforindividualhireandallpartsofthepremisesareinconstantuse,oftenfullybooked. The
sportsfacilitiesareavailableforhirebyindividualsorgroups.Additionally,theCentreprovidesover30hours of
exerciseclasseseachweekalongwithaprogrammeofcoachingforjuniors.ItwouldappearthattheCentre is
providing facilities which are fulfilling a public need.
ACHIEVEMENT AND PERFORMANCE
Main achievements during the year
The GeneralPurposesand FinanceCommitteeis presentedwithquarterlymanagementaccountsfor the Charity and
its Tradingsubsidiary.An annualbudgetispreparedto mirroreachpart of the activitiesundertakenby the Centre in
accordance with its income generation priorities. These performances are monitored on a quarterly basis.
ThereleasingofCovidrestrictionshasallowedboththeCharityandtheTradingcompanytoreturnto normal
operations.It has beena struggleto gettheoverallactivitylevelsbackto thepreCovidnumbers,butby theend of
theyear,thesituationwasalmostbacktonormal.TheTradingCompanyreturnedtoprofitforthelasthalfof the
periodandmanagedtorepaythe£40kloanedtoitduringthepandemictomeetwagesbills.TheCinema, Live
entertainment and NTL programmes also recovered and income rose accordingly.
TheperformanceoftheCentrewouldnothavebeenpossiblewithoutthejudicioususeofa hostofvolunteers who
run,organiseandmaintainactivitylevelswhichallowsformaximumincomeforminimumcost.Thereare still
challengingtimesaheadasthecostoflivingcrisiseffectsourcustomerbaseandinflationandthewarin Ukraine
effects the availability and cost of utilities.
Nevertheless,theCharityretainsfundsininterestbearingdepositaccounts.Whilstsomecapitalhashadto be
realised to meet costs over the past year, it is still able to meet its Reserve Policy threshold of £200k.
FINANCIAL REVIEW
The financial position of the charity and of its trading subsidiary is currently satisfactory.
Sincethe centrewas formedin 1983 the facilitiesof the GaltresCentrehavebeenimprovedand extendedby means
ofjudiciousmanagementandgrantsreceivedfromvariousbodies.Over75%ofthecharity'sreservesare invested
inthefacilitiesandfurtherimprovementsareplannedoverthenextfewyears.Thepolicyofthetrusteesis to
maintainsufficientliquidreservestoenablethecharitytomaintainandreplaceitsfunctionalassets,tomeet short
termoperatingexpensestoimprovethefacilitiesasfundsbecomeavailableandtomaintainasufficientreserve to
ensure the long term sustainability of the Centre should voluntary input be reduced.
Reserves at the balance sheet date were £2,017,435, of which £61,883 were restricted.
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
2016totakeoverthetradingactivitiesoftheGaltresCentrewhichwasformedunderadeclarationoftruston 17
May 1983, and duly registered as a charity on 24 January 1984.
Recruitment and appointment of new trustees
Trustees,includingthoseselectedbyorganisationswithinthetowntorepresentthemonthe management
committee, are volunteers who ask to become members of the management committee.
AlltrusteesarenominatedandelectedattheannualgeneralmeetinginOctobereachyear,whenafulllistof all
current trustees is voted on and recorded.
-3-
THE GALTRES CENTRE CHARITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The originaltrustdeeddecreedthatthecentreshouldbe administeredby a committeeof management, comprising
thirtyelectedmembers,plusthirtyfourmembersselectedtorepresenteachoftheorganisationswithinthe town
supportingthe centre.The namesof theseorganisationsare shownin the declarationof trust.In additionnot 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;
ouptothirtyindividualmemberswhoshallbeelectedfromthegeneralpublicattheannualgeneralmeeting of
the charity (known as elected members);
oonemembernominatedby and representingeachformallyconstitutedclubor societywithinEasingwold (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).
MembersareencouragedtoparticipateinthemanagementoftheCentreandareentitledtoattend 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 2023
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
D Bracewell
SM Bracewell
C J Smethurst
N Madden
R F Barugh
P Glossop
W A Rinaldi-Butcher
E P Readman (Deceased 16/07/2023)
F M Readman
D E Gallon
R Westerman
S D Mattock
J Wintermeyer (Appointed 26/10/2022)
Independent Examiner
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct 2006
relating to small companies.
Approved by order of the board of trustees on 21 November 2023 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')
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 March 2023.
Responsibilities and basis of report
As the charity'strusteesof the Company(and also its directorsfor the purposesof companylaw)you are responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe 2006
Act and are eligiblefor independentexamination,I reportin respectof my examinationof yourcharity'saccounts as
carriedoutunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI 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.
H Priest
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW
30 November 2023
-6-
THE GALTRES CENTRE CHARITY
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023
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
18
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
funds
£
3,136
155,925
30,799
11,605
201,465
206,916
19,127
226,043
(24,578)
26,905
2,327
1,953,225
1,955,552 |
Restricted
funds
£
47,946
-
-
-
47,946
32,940
-
32,940
15,006
(26,905)
(11,899)
73,782
61,883 |
2023
Total
funds
£
51,082
155,925
30,799
11,605
249,411
239,856
19,127
258,983
(9,572)
-
(9,572)
2,027,007
2,017,435 |
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 |
|
|
|
|
|
The notes form part of these financial statements
-7-
THE GALTRES CENTRE CHARITY (REGISTERED NUMBER: 10187450)
BALANCE SHEET 31 MARCH 2023
Notes
FIXED ASSETS
Intangible assets
12
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
18
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Unrestricted
funds
£
4,333
1,559,592
5
1,563,930
23,578
386,463
410,041
(18,419)
391,622
1,955,552
1,955,552 |
Restricted
funds
£
-
61,883
-
61,883
-
1,612
1,612
(1,612)
-
61,883
61,883 |
2023
Total
funds
£
4,333
1,621,475
5
1,625,813
23,578
388,075
411,653
(20,031)
391,622
2,017,435
2,017,435
1,955,552
61,883
2,017,435 |
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 |
|
|
|
|
|
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006for the
year ended 31 March 2023.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 March 2023 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 2023
Thesefinancialstatementshave beenpreparedin accordancewiththe provisionsapplicableto charitable companies
subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon21November 2023
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 2023
1. STATUTORY INFORMATION
Thecharityisaprivatecompanylimitedbyguarantee,incorporatedinEnglandandWales.The company’s
registeredofficeaddressanddetailsofthecharity’soperationsandprincipalactivitiesaregivenin the
Trustees’ Report.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompanylimitedbyguarantee,whichisapublicbenefit entity
underFRS102,havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accounting and
ReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective1January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicable in
theUKandRepublicofIreland'andtheCompaniesAct2006.Thefinancialstatementshavebeen prepared
under the historical cost convention.
ThecharityhasawhollyownedsubsidiaryTheGaltresCentreTradingCompanyLtd.Thecharityhas taken
advantageof the exemptionsaffordedby the SORPnot to preparegroupaccountson the basisthat the gross
income of the group is below the group accounts preparation threshold.
Income
AllincomingresourcesareincludedontheStatementofFinancialActivitieswhenthecharityis legally
entitledtotheincomeandtheamountcanbequantifiedwithreasonableaccuracy.Specificpolicies are
applied to particular categories of income.
Voluntaryincomeisreceivedbywayofgrants,donations,legaciesandgiftsandisincludedinfullin the
StatementofFinancialActivitieswhenreceivable.Grantsareaccountedforasthecharityearnstheright to
considerationbyitsperformance.Forcapitalgrants,theaccountingtreatmentoftheassetacquired is
dependenton the circumstancesof eachcase.Wherethe termsof the grantare metoncethe specified asset
is acquired, the asset is is categorised as unrestricted.
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.
Charitableexpenditurecomprisesthosecostsincurredbythecharityinthedeliveryofitsactivities and
services.Itincludesbothcoststhatcanbeallocateddirectlytosuchactivitiesandthosecostsofan indirect
nature necessary to support them.
Governancecostsincludethosecostsassociatedwithmeetingtheconstitutionalandstatutory requirements
of the charity and include the accounts fees and costs linked to the strategic management of the charity.
Allcostsareallocatedbetweentheexpenditurecategoriesonabasisdesignedtoreflecttheuseof the
resource.Costsrelatingtoaparticularactivityareallocateddirectly,othersareapportionedon 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 2023
2. ACCOUNTING POLICIES - continued
Intangible fixed assets
The new website is being amortised on a straight line basis over it's estimated useful life of 5 years.
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 |
The charityhas reviewedits tangiblefixedassets.Wherethe trusteesconsiderthat the expectedusefullife of
freeholdlandandbuildingsisinexcessof50yearsandthecarryingvalueinthefinancialstatementsis not
morethantheestimatedrecoverableamount,nodepreciationischargedand,inaccordancewithFRS 102,
thetrusteeswillcontinuetocarryoutannualreviewsofimpairment.Nodepreciationischargedon 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.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.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
Pension costs and other post-retirement benefits
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayableto the
charitablecompany'spensionschemearechargedtotheStatementofFinancialActivitiesintheperiod to
which they relate.
Leasing commitments
Rentalspaidunderoperatingleasesare chargedagainstincomeon a straightlinebasisoverthe periodof the
lease
Fixed asset investments
Fixed asset investments are stated at cost less provision for any impairment.
continued...
-11-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
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
Hambleton District Council - Street lighting
Hambleton District Council - Spinning bikes
INVESTMENT INCOME
From trading subsidiary
Interest received
CHARITABLE ACTIVITIES COSTS
Sporting and other community
activites
Entertainment activities |
Direct
Costs
£
229,209
19,127
248,336 |
2023
£
3,136
47,946
51,082
2023
£
32,940
-
-
-
1,006
14,000
47,946
2023
£
5,700
5,905
11,605
Support
costs (see
note 6)
£
10,647
-
10,647 |
2022
£
3,698
78,694
82,392
2022
£
32,140
18,000
16,554
12,000
-
-
78,694
2022
£
-
4,270
4,270
Totals
£
239,856
19,127 |
2022
£
3,698
78,694 |
|
|
|
|
82,392 |
|
|
|
|
2022
£
32,140
18,000
16,554
12,000
-
- |
|
|
|
|
78,694 |
|
|
|
|
2022
£
-
4,270 |
|
|
|
|
4,270 |
|
|
|
258,983 |
|
4. INVESTMENT INCOME
5. CHARITABLE ACTIVITIES COSTS
Sportingandothercommunityactivitiesexpenditureincludes£11,402(£10,169inthepreviousperiod) of
irrecoverable input VAT.
continued...
-12-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
6. SUPPORT COSTS
SUPPORT COSTS |
|
|
|
|
Governance |
|
|
costs |
|
|
£ |
Sporting and other community activites |
|
10,647 |
Support costs, included in the above, are as follows: |
|
|
|
2023 |
2022 |
|
Sporting |
|
|
and other |
|
|
community |
Total |
|
activites |
activities |
|
£ |
£ |
Administration salaries |
4,891 |
4,676 |
Telephone |
191 |
185 |
Postage and stationery |
226 |
383 |
Computer supplies, support |
275 |
275 |
Accountancy and legal fees |
5,064 |
4,540 |
|
10,647 |
10,059 |
7.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
2023 |
2022 |
|
£ |
£ |
Depreciation - owned assets |
18,042 |
16,585 |
Website costs amortisation |
667 |
- |
8. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2023norforthe year
ended 31 March 2022.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2023norfortheyear ended
31 March 2022.
continued...
-13-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
9. STAFF COSTS
|
2023 |
2022 |
|
£ |
£ |
Wages and salaries |
|
|
|
|
|
Administration staff (one full time, three part time) |
50,014 |
47,426 |
Outside help (two part time) |
13,317 |
12,015 |
Sport and leisure co-ordinator (one full time) |
28,600 |
26,595 |
Cleaners (four part time) |
18,095 |
13,451 |
Fitness coaching (one part time) |
7,226 |
7,609 |
|
|
|
|
117,252 |
107,096 |
|
|
|
|
|
|
Gross wages and salaries |
112,591 |
104,351 |
Social security costs |
2,884 |
1,460 |
Employers pension costs |
1,777 |
1,285 |
|
|
|
|
117,252 |
107,096 |
|
|
|
|
|
|
The average number of employees during the year was 10 (2022 - 10).
Inaddition,variouspeopleassistedona selfemployedbasiswithcoachingofsportsandotheractivitiesat a
totalcostof£40,342(Y/E2022:£35,999).TheY/E2022comparativeincludes£1,397paidtoself employed
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
Total |
Unrestricted
funds
£
38,252
129,131
14,163
4,270
185,816
200,119
8,447
208,566 |
Restricted
funds
£
44,140
-
-
-
44,140
44,140
-
44,140 |
Total
funds
£
82,392
129,131
14,163
4,270 |
|
|
|
229,956 |
|
|
|
244,259
8,447 |
|
|
|
252,706 |
continued...
-14-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
funds
£
(22,750)
13,317
(9,433)
1,962,658
1,953,225 |
Restricted
funds
£
-
(13,317)
(13,317)
87,099
73,782 |
Total
funds
£
(22,750)
-
(22,750)
2,049,757
2,027,007 |
|
|
|
|
11. INDEPENDENT EXAMINER'S FEES
IndependentExaminer'sfeesfortheperiodwere£4,765(2022:£4,540)plusVAT.Thisincludes£1,195for an
independent examination and £3,570 for other services.
12. INTANGIBLE FIXED ASSETS
INTANGIBLE FIXED ASSETS |
|
|
Website |
|
costs |
|
£ |
COST |
|
Additions |
5,000 |
AMORTISATION |
|
Charge for year |
667 |
NET BOOK VALUE |
|
At 31 March 2023 |
4,333 |
At 31 March 2022 |
- |
continued...
-15-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023
13. TANGIBLE FIXED ASSETS
COST
At 1 April 2022
Additions
Disposals
At 31 March 2023
DEPRECIATION
At 1 April 2022
Charge for year
Eliminated on disposal
At 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022
14.
FIXED ASSET INVESTMENTS
COST LESS IMPAIRMENT
At 1 April 2022 and 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022 |
Freehold
property
£
1,839,092
-
-
1,839,092
248,425
5,780
-
254,205
1,584,887
1,590,667 |
Fixtures
and
fittings
£
449,249
29,134
(8,504)
469,879
429,533
12,262
(8,504)
433,291
36,588
19,716 |
Totals
£
2,288,341
29,134
(8,504)
2,308,971
677,958
18,042
(8,504)
687,496
1,621,475
1,610,383
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:
The Galtres Centre Trading Company
Registered office: The Galtres Centre, Market Place, Easingwold, Yorkshire, YO61 3AD
Nature of business: Trading subsidiary
Nature of business: Trading subsidiary |
|
|
|
|
% |
|
|
Class of share: |
holding |
|
|
Ordinary |
100 |
|
|
|
|
2023 |
31/3/22 |
|
|
£ |
£ |
Aggregate capital and reserves |
|
5 |
(19,805) |
Profit/(loss) for the year |
|
19,810 |
(861) |
continued...
-16-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Due from trading company
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 |
2023
£
3,770
10,729
9,079
23,578
2023
£
4,472
1,864
-
13,695
20,031 |
2022
£
2,883
30,000
12,005 |
|
|
44,888 |
|
|
2022
£
1,995
751
7,600
9,103 |
|
|
19,449 |
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
17. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
Between one and five years
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Contingency Fund
Restricted funds
All weather pitch reserve
Sports hall reserve
Street lighting
Spinning bikes
TOTAL FUNDS |
At 1.4.22
£
1,878,225
75,000
1,953,225
21,718
52,064
-
-
73,782
2,027,007 |
Net
movement
in funds
£
(24,578)
-
(24,578)
-
-
1,006
14,000
15,006
(9,572) |
2023
£
1,856
4,640
6,496
Transfers
between
funds
£
101,905
(75,000)
26,905
(4,188)
(7,711)
(1,006)
(14,000)
(26,905)
- |
2022
£
1,856
6,496
8,352
At
31.3.23
£
1,955,552
- |
2022
£
1,856
6,496 |
|
|
|
|
|
8,352 |
|
|
|
|
1,955,552
17,530
44,353
-
- |
|
|
|
|
|
61,883 |
|
|
|
|
|
2,017,435 |
|
18. MOVEMENT IN FUNDS
continued...
-17-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023
18. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Sports and leisure fund
Street lighting
Spinning bikes
TOTAL FUNDS
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 1.4.21
£
1,887,658
75,000
1,962,658
26,108
1,215
59,776
87,099
2,049,757 |
Incoming
resources
£
201,465
32,940
1,006
14,000
47,946
249,411
Net
movement
in funds
£
(22,750)
-
(22,750)
-
-
-
-
(22,750) |
|
Resources
expended
£
(226,043)
(32,940)
-
-
(32,940)
(258,983)
Transfers
between
funds
£
13,317
-
13,317
(4,390)
(1,215)
(7,712)
(13,317)
- |
Movement
in funds
£
(24,578)
-
1,006
14,000
15,006
(9,572)
At
31.3.22
£
1,878,225
75,000
1,953,225
21,718
-
52,064
73,782
2,027,007 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
continued...
-18-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023
18. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Sports and leisure fund
New boiler fund
TOTAL FUNDS |
Incoming
resources
£
185,816
32,140
12,000
44,140
229,956 |
Resources
Movement
expended
in funds
£
£
(208,566)
(22,750)
(32,140)
-
(12,000)
-
(44,140)
-
(252,706)
(22,750) |
|
|
|
Therestrictedfundsallrelatetograntsanddonationsreceivedforspecificpurposesaslaiddownby the
donors.
ThesportsandleisurefundrelatestofundingfromHambletonDistrictCounciltoassistinthe general
well-beingandhealthimprovementof thecommunitiesinthesouthof Hambleton,throughtheprovision of
sport, leisure and the arts.
ThestreetlightingfundrelatestofundingfromHambletonDistrictCounciltocontributetowardsthe repair
andreplacementoftwostreetlightswithinthegroundsoftheGaltresCentre.Thefundsreceivedwere all
spent during the current financial year.
ThespinningbikesfundrelatestofundingfromHambletonDistrictCounciltocontributetowards the
purchaseof13newspinningbikesforusebytheusersoftheGaltresCentre.Thefundsreceivedwere all
spent during the current financial year.
Thecapitalreserverestrictedfunds(beingtheall-weatherpitchreserve,thefitnessreserveandthe sports
hallreserve),arewrittenoffoverthesameperiodasthedepreciationperiodoftheassetforwhich they
were received and transferred to general funds. The fitness reserve was fully written off during the year.
£75,000previouslydesignatedasanunrestrictedcontingencyreservehasbeenreallocatedtogeneral funds
in the year.
continued...
-19-
THE GALTRES CENTRE CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023
19. RELATED PARTY DISCLOSURES
ThetotalvalueofsharedoverheadcostschargedbyTheGaltresCentretoitswhollyownedsubsidiary The
GaltresCentreTradingCompanyLtdinrespectoftheuseofitsfacilitiesamountedto£25,693(2022: £nil).
TheGaltresCentreTradingCompanyLimitedalsopaidTheGaltresCentre£3,800(2022:£nil)rentfor a
fitness suite and £1,900 (2022: £nil) for the use of exercise machines.
No donations were received from The Galtres Centre Trading Company Ltd during the current or prior year.
The balanceowedby The GaltresCentreTradingCompanyto The GaltresCentreat 31 March2023 amounted
to £10,729 (2022: £nil). This balance is interest free and repayable on demand.
Fundswereadvancedto thetradingcompanyduringtheCovid-19restrictionsto enablethecompanyto pay
salariesandoverheadsasthesefelldue.Thisloanwasfullyrepaidintheyearthereforethebalanceat 31
March 2023 was £nil (2022: £30,000).
-20-
THE GALTRES CENTRE CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Grants
Investment income
From trading subsidiary
Interest received
Charitable activities
Entertainment income
All weather pitch
Sports hall
Senior activities
Fitness training
Coaching
Holiday activities
Pre school creche
Room hire
Billiards
Other income
Total incoming resources
EXPENDITURE
Charitable activities
Administration salaries
Pensions
Entertainment costs
Sports and leisure co-ordinator
Coaching, other assistance
Gardening wages, materials
Cleaning wages, materials
Repairs, maintenance
Heat, light
Water rates
Carried forward |
2023
£
3,136
47,946
51,082
5,700
5,905
11,605
30,316
10,833
24,175
15,003
58,167
2,469
264
1,804
40,508
1,659
1,526
186,724
249,411
44,015
1,777
19,127
27,784
47,524
13,317
23,065
20,095
21,124
3,084
220,912 |
2022
£
3,698
78,694 |
|
|
82,392
-
4,270 |
|
|
4,270
13,792
12,392
18,091
23,219
36,529
2,204
528
1,052
33,212
1,255
1,020 |
|
|
143,294 |
|
|
229,956
42,083
1,285
8,447
26,016
43,568
12,015
17,045
26,248
17,753
1,441
195,901 |
This page does not form part of the statutory financial statements
-21-
THE GALTRES CENTRE CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
Charitable activities
Brought forward
Insurance
Telephone
Printing, postage, stationery
Computer supplies, support
Sundry expenses
Development costs
Depreciation
Recharges to trading subsidiary
Support costs
Governance costs
Administration salaries
Telephone
Postage and stationery
Computer supplies, support
Accountancy and legal fees
Total resources expended
Net expenditure |
2023
£
220,912
6,494
1,913
2,036
2,474
21,490
667
18,043
(25,693)
248,336
4,891
191
226
275
5,064
10,647
258,983
(9,572) |
2022
£
195,901
5,536
1,664
3,495
2,479
16,987
-
16,585
-
242,647
4,676
185
383
275
4,540
10,059
252,706
(22,750) |
|
|
|
This page does not form part of the statutory financial statements
-22-