Charity Number: 1169169 ## Grafton Centre ## Development Trust CIO Trustees’ report and financial statements For the year ended 31 March 2023 Doc ID: c5f8a9228c5dee22fac772870fe0b5ae2531110f ## Grafton Centre Development Trust CIO Reference and administration information ## **Charity number** 1169169 ## **Registered office and operational address** The Grafton Centre, Grafton Street, Hyde, Stockport, SK14 2AX ## **Trustees** Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows: Cllr Philip Fitzpatrick Chair Jacqueline Owen Secretary Julie Brinicombe Denise Ward No trustees held title to property belonging to the charity during the reporting period or at the date of approval. ## **Key management personnel** Key management personnel comprise the trustees and the Community Centre Manager. ## **Bankers** Lloyds TSB Bank PLC 1 Butler Place Westminster London SW1H 0PR ## **Independent Examiner** Patrick Morrello ACA Third Sector Accountancy Limited Holyoake House Hanover Street Manchester M60 0AS 1 Doc ID: c5f8a9228c5dee22fac772870fe0b5ae2531110f **Grafton Centre Development Trust CIO** **Trustees’ Annual Report for the year ended 31[st] March 2023** The trustees present their report and the unaudited financial statements for the year ended 31 March 2023 Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102. ## **Objectives and activities** ## _Purposes and aims_ Provide facilities for health and social welfare for recreation and leisure time occupation of residents, the centre aims to work towards defeating isolation and loneliness. To further or benefit the residents of Tameside and the neighbourhood, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents. ## _**Main activities**_ Please see our daytime, evening & weekend activity time timetables…. |||||| |---|---|---|---|---| |||**MONDAY**|Keep Fit £2.50|10.00am – 10.45am| ||||Health Walk meet outside|10.30am – 11.30am| ||||Dance Fitness £2.50 exercise class|11.00am – 11.45pm| ||||Bingo £1.50|1.00pm – 3.00pm| |||**TUESDAY**|Zumba £3.00|10.00am – 11.00am| ||||Tai Chi for arthritis £2.50|11.15am – 11.45am| ||||Hyde Writers £1.50|1.00pm – 3.00pm| ||||Indoor Bowls £1.50|1.00pm – 3.00pm| |||**WEDNESDAY**|Fitsteps Dance £2.50|10.00am – 10.45am| ||||Exercise for Fun £2.50|10.45am – 11.30am| ||||Indoor Kurling £1.50|1.00pm -3.00pm| ||||Chit-Chat £1.50 Games and fun|1.00pm –3.00pm| |||**THURSDAY**|Line Dancing £2.50|10.00am – 11.00am| ||||Singing for Fun £1.50|10.00am – 11.00am| 2 Doc ID: c5f8a9228c5dee22fac772870fe0b5ae2531110f ## **Grafton Centre Development Trust CIO** ## **Trustees’ Annual Report for the year ended 31[st] March 2023** **----- Start of picture text -----**
Beginners line dancing £2.50 11.30am – 12.30pm
Yoga & Pilates £3.50 11.30am – 12.30pm
Art & Craft £1.50 1.00pm – 3.00pm
Relaxation & meditation £2.50 2.00pm – 3.30pm
FRIDAY Use it or lose it exercise class £3.00 10.15am – 11.00am
Sound bath healing £4.50 12.00pm – 1.00pm
TU3A GROUPS TU3A GROUPS Secretary: -dawngrenter@aol.com
The Grafton Centre Chair: -chair@tamesideu3a.org.uk
2nd Tuesday 10am - 12pm
2nd & 4th Wednesday 10am – 12pm
2nd Thursday 2pm – 4pm
4th Thursday 2pm – 3.30pm
1st & 3rd Friday 10am – 12pm
4th Friday 10am – 12pm
**----- End of picture text -----**
The centre continues to be rented out most evenings and weekends, though one of our regular users has moved into their own space, we are actively looking to replace this regular income, which helps to ensure our financial stability. Our Entertainment Committee has again organised a number of outings and events, including social events at Easter, Queen’s Jubilee, Halloween & Christmas. We also held a MacMillan Coffee Morning to raise funds for this worthwhile charity. The Community Café continues to provide hot meals & snacks Mon – Thurs cooked & served by our volunteers. All our kitchen staff have up to date training, meaning they are compliant with food regulations and the café was Rated 5. This resource is invaluable for those living alone as it ensures they have access to nutritious food at a reasonable price. 3 Doc ID: c5f8a9228c5dee22fac772870fe0b5ae2531110f **Grafton Centre Development Trust CIO Trustees’ Annual Report for the year ended 31[st] March 2023** **----- Start of picture text -----**
MONDAY Dance Buds 6.30pm – 8pm
MONDAY Mentell - Gary Hill 7pm-9pm
Email: community@mentell.org.uk
www.mentell.org.uk
TUESDAY Cobra Martial Arts 6pm – 6.45pm
WEDNESDAY Dance Buds 6.30pm – 8pm
WEDNESDAY Dance class for children. 5.45pm – 8pm
THURSDAY Slimming World 4.30pm – 7pm
FRIDAY Cobra Martial Arts (Children’s class) 7pm – 7.45pm
FRIDAY Cobra Martial Arts (Adult Class) 8.15pm- 9.15pm
**----- End of picture text -----**
## **Key Achievements and Performance** Our Christmas lunches were once again a great success. Our volunteers make all of this possible; to recognise their contribution and show our appreciation we have been granted funding to celebrate all their hard work. ## **Beneficiaries of our Services** All adults in the Tameside area are welcome to attend groups and classes for exercise and social interaction, and we have a café servicing low-cost snacks and meals. Our membership has remained at a good level, even with the impact of the pandemic and the reticence of some to venture out still. Membership fee has not changed price however this will be reviewed next year. Our AGM was held on 27[th] Feb 2023. ## **Financial review - TSA completed** At the end of the reporting period Grafton Community Centre had total funds of £97,037 (2022: £100,638) consisting of unrestricted funds of £97,037 (2022: £100,638) and restricted funds of £Nil (2022: £Nil). Cash reserves at bank were £65,140 (2022: £77, 219). There are no immediate concerns about the charity’s finance. During the year the charity received unrestricted income of £87,773 (2022: £111,345) and restricted income of £14,677 (2022: £Nil). Expenditure for the year from unrestricted funds was £91,374 (2022: £76,012) and from restricted funds £14,677 (2022: £5,000). ## **Reserves policy** The charity is in the process of developing its reserves policy and currently aims to maintain reserves at the level of 3 months core costs which stands at £21,283 which is well covered by unrestricted funds of £97,037 held by the charity. 4 Doc ID: c5f8a9228c5dee22fac772870fe0b5ae2531110f **Grafton Centre Development Trust CIO** ## **Trustees’ Annual Report for the year ended 31[st] March 2023** ## **Plans for the Future** Plans for an extension are still to be on hold. To continue to promote our centre through the local media and social media. ## **Structure, governance and management** Trustees, elected at the Annual General Meeting (AGM), will be elected at the AGM on a third basis going forward. Trustees are members of the centre who present themselves as interested to be trustees with a skill set of interest or are approached as outside persons with a skillset which may be helpful to the charity. The organisation is a Charitable Incorporated Organisation, incorporated and registered as a charity on 14 September 2016. The charity was established under a constitution which established the objects and powers of the charity and its governance. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity. All trustees give their time voluntarily and receive no benefits from the charity. The trustees do not claim expenses. ## **Related parties and relationships with other organisations** We work closely together with Tameside MBC. ## **Remuneration policy for key management personnel** The trustees have adopted a model renumeration policy provided by their payroll provider, Action Together. ## **Risk management** The trustees regularly review and assess the risks face by the Charity which fall into the main categories listed below: - Governance - Operations - Finances - Environmental and external factors such as public opinion and relationships with key partners - Compliance with law and regulation The Charity has recruited and retained a board of trustees with an appropriate range of skills and experience with access to specialist support when required, for example using Action Together to manage payroll services, using external legal and accountancy support. In addition, it has recruited experienced and qualified management and support staff. The operations of the charity are well managed and meet and enhance the requirements of service and centre users, supported by a number of committed and hard-working volunteers. The trustees have invested in the fabric of the building to enhance user experience and also in equipment to improve the efficiency of its operations. The trustees have secured a lease on the centre building with Tameside MBC that will enable them to bid for a wider range of external funding, in addition to maintaining a steady income stream from lettings, sale of lunches and refreshments, membership fees and activities. The trustees and volunteers work hard to raise awareness of the opportunities and services offered by the Charity, which is evidenced by the sustained membership. The Charity holds the Queens Award for Voluntary Service. This is the highest award that can be given to volunteer groups in the United Kingdom. The key criteria for successful 5 Doc ID: c5f8a9228c5dee22fac772870fe0b5ae2531110f **Grafton Centre Development Trust CIO Trustees’ Annual Report for the year ended 31[st] March 2023** nomination is that the group provides a service that meets the needs for people living in the local community and it is supported, recognised and respected by the local community and the people who benefit from it. The trustees regularly review legal requirements and regulations relating to the Charity and its operations. ## **Statement of responsibilities of the trustees** The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the aims and objects and in planning future activities and setting policy for the future. The trustees are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - Select suitable accounting policies and then apply them consistently - Observe the methods and principles in the Charities SORP - Make judgements and estimates that are reasonable and prudent - State whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. This report was approved by the trustees on date ……………………….…………. and signed on their behalf by: ## **Cllr Phillip Fitzpatrick** ## **Chair** 6 Doc ID: c5f8a9228c5dee22fac772870fe0b5ae2531110f ## Independent examiner’s report to the trustees of Grafton Centre Development Trust CIO I report on the accounts of the charity for the year ended 31 March 2023 set out on pages 8 to 18. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s statement** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Other matters** Your attention is to drawn to the fact that the charity has prepared the accounts (financial statements) in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: 1. which gives me reasonable cause to believe that, in any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Patrick Morrello ACA Date 10 / 05 / 2024 Third Sector Accountancy Limited Holyoake House Hanover Street Manchester M60 0AS 7 Doc ID: c5f8a9228c5dee22fac772870fe0b5ae2531110f ## Grafton Centre Development Trust CIO ## Statement of Financial Activities (including Income and Expenditure account) for the year ended 31 March 2023 |Unrestricted
funds
Note
£
**Income from:**
Donations and legacies
3
58
Charitable activities
4
87,716
**Total income**
**87,773**
**Expenditure on:**
Charitable activities
5
91,374
**Total expenditure**
**91,374**
6
**(3,601)**
Transfer between funds
-
**Net movement in funds for the year**
**(3,601)**
**Reconciliation of funds**
Total funds brought forward
100,638
**Total funds carried forward**
**97,037**
**Net income/(expenditure) for the year**|Restricted
funds
£
-
14,677
**14,677**
14,677
**14,677**
**-**
-
**-**
-
**-**|Total funds
**2023**
£
14,735
87,716
**102,450**
106,051
**106,051**
**(3,601)**
-
**(3,601)**
100,638
**97,037**|_Unrestricted_
_funds_
_£_
_36,959_
_74,386_
**_111,345_**
_76,012_
**_76,012_**
**35,333**
_-_
**35,333**
_65,305_
**100,638**|_Restricted_
_funds_
_£_
_-_
_-_
**_-_**
_5,000_
**_5,000_**
**(5,000)**
-
**(5,000)**
5,000
**-**|_Total funds_
**2022**
_£_
_36,959_
_74,386_
**_111,345_**
_81,012_
**_81,012_**
**_30,333_**
_-_
**_30,333_**
_70,305_
**_100,638_**| |---|---|---|---|---|---| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 8 Doc ID: c5f8a9228c5dee22fac772870fe0b5ae2531110f ## Grafton Centre Development Trust CIO Charity number 1169169 ## Balance sheet as at 31 March 2023 **----- Start of picture text -----**
Note 2023 2022
£ £ £ £
Fixed assets
Tangible assets 10 44,990 45,864
Total fixed assets 44,990 45,864
Current assets
Debtors 11 6,385 2,413
Cash at bank and in hand 65,140 77,219
Total current assets 71,524 79,632
Liabilities
Creditors: amounts falling
due in less than one year 12 (6,712) (5,958)
Net current assets 64,812 73,674
Total assets less current liabilities 109,802 119,538
Creditors: amounts falling
due after more than one year 13 (12,765) (18,900)
Net assets 97,037 100,638
The funds of the charity:
Restricted income funds 14 - -
Unrestricted income funds 15 97,037 100,638
Total charity funds 97,037 100,638
**----- End of picture text -----**
For the year in question, the charity was entitled to exemption from an audit under section 144 of the Charities Act 2011. The notes on pages 10 to 18 form part of these accounts. 07 / 05 / 2024 Approved by the trustees on and signed on their behalf by: Cllr Philip Fitzpatrick, Chair/Trustee 9 Doc ID: c5f8a9228c5dee22fac772870fe0b5ae2531110f Grafton Centre Development Trust CIO Notes to the accounts for the year ended 31 March 2023 ## **1 Accounting policies** The principal accounting policies adopted, judgments and key sources of estimation uncertainty in the preparation of the financial statements are as follows: ## **a Basis of preparation** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 - (Charities SORP (FRS 102), and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Grafton Centre Development Trust CIO meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £ sterling. ## **b Preparation of the accounts on a going concern basis** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. ## **c Income** Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met. ## **d Fund accounting** Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity’s work or for specific projects being undertaken by the charity. 10 Doc ID: c5f8a9228c5dee22fac772870fe0b5ae2531110f Grafton Centre Development Trust CIO Notes to the accounts for the year ended 31 March 2023 (continued) ## **e Expenditure and irrecoverable VAT** Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: - Expenditure on charitable activities includes the costs of operating a community centre with diverse, wide-ranging activities undertaken to further the purposes of the charity ,and their associated support costs. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. ## **f Operating leases** Operating leases are leases in which the title to the assets, and the risks and rewards of ownership, remain with the lessor. Rental charges are charged on a straight line basis over the term of the lease. ## **g Tangible fixed assets** Individual fixed assets costing £100 or more are capitalised at cost and are depreciated over their estimated useful economic lives on a straight line basis as follows: Leasehold improvements 10% Equipment 25% ## **h Debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **i Creditors and provisions** Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **j Financial instruments** The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **k Pensions** Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme. The charity’s contribution is restricted to the contributions disclosed in note 8. Outstanding contributions at the year end were £284 which were paid the following month. ## **2 Legal status of the charity** The charity is a Charitable Incorporeated Organisation registered with the Charity Commission in the United Kingdom and has no share capital. The registered office address is disclosed on the first page of the trustees' report. 11 Doc ID: c5f8a9228c5dee22fac772870fe0b5ae2531110f Grafton Centre Development Trust CIO ## Notes to the accounts for the year ended 31 March 2023 (continued) ## **3 Income from donations and legacies** |Donations
Tameside Council
Coronavirus grant
ESF Community Grant
Action together CIO
**Total**
**Income from charitable activities**
Rental Income
Bistro & Kitchen
Weekly Activities
Events & Trips
Membership Fees
**Total**|2023
£
1,158
200
-
14,677
(1,300)
14,735
2023
£
41,220
12,387
26,188
3,285
4,636
87,716|_2022_
_£_
_2,042_
_28,174_
_6,743_
_-_
_36,959_
_2022_
_£_
_39,556_
_9,580_
_19,401_
_2,574_
_3,275_
_74,386_| |---|---|---| ## **4 Income from charitable activities** 12 Doc ID: c5f8a9228c5dee22fac772870fe0b5ae2531110f Grafton Centre Development Trust CIO Notes to the accounts for the year ended 31 March 2023 (continued) ## **5 Analysis of expenditure on charitable activities** |Advertising & Marketing
Audit & Accountancy fees
Charitable and Political Donations
Cleaning
Consulting
Depreciation Expense
General Expenses
Insurance
Interest Paid
IT Software and Consumables
Pensions Costs
Printing & Stationery
Rent & Rates
Repairs & Maintenance
Salaries
Staff Training
Subscriptions
Telephone & Internet
Travel - National
Trips and Events
Utilities - Elec/Gas/Water
Blankets
Activity costs
Restricted expenditure
Unrestricted expenditure
**6**
**Net income/(expenditure) for the year**
This is stated after charging/(crediting):
Depreciation
Operating lease rentals:
Property
Accountancy fees
Independent examiner's fee|2023
£
864
1,632
33
1,643
4,800
6,609
969
641
37
440
840
1,161
795
3,893
44,898
151
1,229
1,005
568
1,307
11,118
-
21,419
106,051
14,677
91,374
106,051
2023
£
6,609
1,000
960
240|_2022_
_£_
_-_
_3,846_
_-_
_3,019_
_-_
_6,689_
_(589)_
_-_
_964_
_-_
_-_
_-_
_-_
_1,855_
_38,869_
_-_
_2,098_
_-_
_-_
_-_
_9,749_
_1,000_
_13,512_
_81,012_
_5,000_
_76,012_
_81,012_
_2022_
_£_
_6,689_
_1,000_
_720_
_240_| |---|---|---| 13 Doc ID: c5f8a9228c5dee22fac772870fe0b5ae2531110f Grafton Centre Development Trust CIO Notes to the accounts for the year ended 31 March 2023 (continued) ## **7 Staff costs** Staff costs during the year were as follows: |Wages and salaries
Pension costs|2023
£
44,898
840
45,738|_2022_
_£_
_38,022_
_847_
_38,869_| |---|---|---| No employees has employee benefits in excess of £60,000 (2022: Nil). The average number of staff employed during the period was 3 (2022: 2). The average full time equivalent number of staff employed during the period was 1.5 (2022: 1.5). The key management personnel of the charity comprise the trustees and the Centre Manager. The total employee benefits of the key management personnel of the charity were £25,509 (2022: £24,289). ## **8 Trustee remuneration and expenses, and related party transactions** Neither the management committee nor any persons connected with them received any remuneration or reimbursed expenses during the year (2022: Nil). Aggregate donations from related parties were £Nil (2022: £Nil). The charity paid £1,990 to Fitzpatrick Electrical for services rendered. Fitzpatrick Electrical is owned by a trustee, Philip Fitzatrick. The charity paid £4,800 to Purple Eight for services rendered. Purple Eight is a business owned by the sister of the trustee Philip Fitzpatrick. Apart from the above, there are no donations from related parties which are outside the normal course of business and no restricted donations from related parties. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2022: nil). ## **9 Government grants** The government grants recognised in the accounts were as follows: |Tameside District Council
Coronavurus Support|2023
£
200
-
200|_2022_
_£_
_28,174_
_6,743_
_28,174_| |---|---|---| There were no unfulfilled conditions and contingencies attaching to the grants. 14 Doc ID: c5f8a9228c5dee22fac772870fe0b5ae2531110f Grafton Centre Development Trust CIO Notes to the accounts for the year ended 31 March 2023 (continued) ## **10 Corporation tax** The charity is exempt from tax on income and gains falling within Chapter 3 of Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity. ## **10 Fixed assets: tangible assets** |Leasehold
improvements
**Cost**
£
66,143
Additions
4,433
70,576
**Depreciation**
20,354
Charge for the year
6,498
26,852
**Net book value**
43,724
_45,789_
**11**
**Debtors**
2023
£
Trade debtors
2,596
Taxation and social security costs
1,827
Net pay
921
Prepayments
1,041
6,385
**12**
**Creditors: amounts falling due within one year**
2023
£
Trade creditors
-
Other creditors and accruals
1,316
Taxation and social security costs
284
Unsecured bank loan
5,111
6,712
At 1 April 2022
At 31 March 2023
At 1 April 2022
At 31 March 2023
At 31 March 2023
_At 31 March 2022_|Equipment
£
4,888
1,302
6,190
4,813
111
4,924
1,266
_75_
_2022_
_£_
_-_
_2,413_
_-_
_-_
_2,413_
_2022_
£
-
_960_
_38_
_4,960_
_5,958_|£
71,031
5,735
76,766
25,167
6,609
31,776
44,990
_45,864_
Total| |---|---|---| 15 Doc ID: c5f8a9228c5dee22fac772870fe0b5ae2531110f Grafton Centre Development Trust CIO Notes to the accounts for the year ended 31 March 2023 (continued) ## **13 Creditors: amounts falling after more than one year** |2023
_2022_
£
_£_
Unsecured bank loan
12,765
_18,900_
12,765
_18,900_
Repayable after more than 5 years by instalments
-
-
The bank loan is a government sponsered Bounce Back loan. The interest rate is 2.25%.
**Analysis of movements in restricted funds**
1 April 2022
Income
Expenditure
Transfers
£
£
£
£
Action Together CIO
-
-
-
-
The Albert Hunt Trust
ESF Community Grant
-
14,677
(14,677)
-
Total
-
14,677
(14,677)
-
**_Comparative period_**
_1 April 2021_
_Income_
_Expenditure_
_Transfers_
_£_
_£_
_£_
_£_
Action Together CIO
_4,000_
_-_
_(4,000)_
_-_
The Albert Hunt Trust
_1,000_
_-_
_(1,000)_
_-_
_Total_
_5,000_
_-_
_(5,000)_
_-_|31 March
£
-
-
-
_31 March_
_£_
_-_
_-_
_-_| |---|---| ## **14 Analysis of movements in restricted funds** ## **Name of** ## **restricted fund** Action Together CI The Albert Hunt Trust ESF Community Grant ## **Description, nature and purposes of the fund** towards costs of operating dementia group and dementia carers' groups towards costs of operating dementia group and dementia carers' groups towards costs of supporting unemployed and economically inactive people into or towards employment, education or training 16 Doc ID: c5f8a9228c5dee22fac772870fe0b5ae2531110f Grafton Centre Development Trust CIO ## Notes to the accounts for the year ended 31 March 2023 (continued) ## **15 Analysis of movement in unrestricted funds** |General fund
**_Comparative period_**
_General fund_|1 April 2022
£
100,638
_1 April 2021_
_£_
_65,305_|Income
£
87,773
_Income_
_£_
_111,345_|Expenditure
£
(91,374)
_Expenditure_
_£_
_(76,012)_|Transfers
£
-
_Transfers_
_£_
_-_|31 March
£
97,037
_As at 31_
_£_
_100,638_| |---|---|---|---|---|---| ## **Name of** **unrestricted fund Description, nature and purposes of the fund** General fund The free reserves after allowing for all designated funds. ## **16 Analysis of net assets between funds** |Tangible fixed assets
Net current assets/(liabilities)
Creditors of more than one year
Total
**_Comparative period_**
_Tangible fixed assets_
_Net current assets/(liabilities)_
_Creditors of more than one year_
_Total_|General
fund
£
44,990
64,812
(12,765)
97,037
_General_
_fund_
_£_
_45,864_
_73,674_
_(18,900)_
_100,638_|Designated
funds
£
-
-
-
-
_Designated_
_funds_
_£_
_-_
_-_
_-_
_-_|Restricted
funds
£
-
-
-
-
_Restricted_
_funds_
_£_
_-_
_-_
_-_
_-_|Total 2023
£
44,990
64,812
(12,765)
97,037
_Total 2022_
_£_
_45,864_
_73,674_
_(18,900)_
_100,638_| |---|---|---|---|---| 17 Doc ID: c5f8a9228c5dee22fac772870fe0b5ae2531110f Grafton Centre Development Trust CIO Notes to the accounts for the year ended 31 March 2023 (continued) ## **17 Operating lease commitments** The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods: |Less than one year
One to five years|2023
_2022_
£
_£_
1,000
_1,000_
4,000
_5,000_
5,000
_6,000_
**Property**| |---|---| The charity has a lease arrangement for property for 20 years starting from October 2018 with a break date on the 10th anniversary of the lease start date. 18 Doc ID: c5f8a9228c5dee22fac772870fe0b5ae2531110f