```
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-
```