GFS Community Enterprise Company registration number: 10042412 Charity Number: 1169462 Trustees, Report and Financial Statements Forthe Year Ended 31st March 2022
GFS Community Enterprise Trustees, Report and Financial Statements For the year ended 31 March 2022 Contents Page.. Trustees and Prolessional Advisors Trustees, Report and Strategic Report Chair's Statement Financial Review Strutture. Governance and Management Statement of Responsibilitie5 Independent Examiner's Report Financial Statements Statement of Financial Activities Balance Sheet io Statement of Cash Flows and Net Debt Analysis li Notes to the Financial Statements 12-20
GFS Community Enterprise Trustees, Report and Strategic Report For the year ended 31 March 2022 Trustees Rachael Fox philippa Golf Jonathan Morgan Helen Thornson (Chairl Jonathan Wilson Nigel Booth lappointed 21 May 20211 Craig Burton Iresigned 21 May 20211 Regislered Office 1st Floor Sla St Paul's Street Leeds LSI 2TE Independent examiner Sally Appleton Saffery Champness LLP Mitre House North Park Road Harrogate North Yorkshire HGI 5RX Banker5 Santander Bootle Merseyside L304G8 Solicitors Wrigleys 19 Cookridge Street Leeds LS2 3AG Page I
GFS Community Enterprise Trustees, Report and Strategic Report For the year ended 31 March 2022 Chair's Statement l am again delighted, on behalf of the Board, to be presenting our TrLFStee5' Report and Finav)cial Statements for the year ended 31 March 2022. In my sixth lear as Chair of the Board. we are achieving a financially sustainable position, even with changing regulations restricting Wotkplaces and social gatherings during the last year. We have bounced back with an increase in room hire, the numbers of people returning and new people coming in to the building. We were pleased to see the staff team at The Old Fire Station transfer over, under a TUPE arrangement, in to the employment of GFS Cotnmunity Enterprise with effect from l April 2021. The Old Fire Station strengthened its partnerships with all the organisations housed in the building., working together to deliver support for the community and each other throughout the year. The 'Meet Me at the Old Fire Station. project with Space2, Zest and The Old Fire Station continues to develop,. and this year we now have 19 volunteers actively engaged with us and many more with other people volunteering across the other groups. ToEether with the East Leeds Project we have continued the Covid Prevention support and wellbeing activities for the most vulnerable members of our communitv. The Old Fire Station worked in collaboration with Leeds City Council to beiome a Food Parcel Hub Under the city wide CCV Scheme for a luriher year with staff from Space2, Zest and The Old Fire Station working together to contact those In need and then coordinatinE the provision of food and wellbeing support, linishing in March 2022. Working with the council and health partners, we have continued to be used as a vaccination hub along with their Developing You project. and also opening a digital hub which will support people towards Ereater digital inclusion, particularly around accessing healthcare digitally. We have maintained the Healthy Holidays programme. looking at what support families need ir) times where we see a big increase in the cost of living. We have worked with the People5 Pantry and Clothing Rebellion, supported by Space2, as pop up shops providing food and clothing. The Old Fire Station continues to be seen as a safe place to come to for support and help. and also for company whenever possible, according to feedback from peoplè coming to The Old Fire Station. Leeds Beckett University are carrying out an Impact study to measure the difference The Old Fire Station is making in the area. We hope to have the full study ready for our 5-year anniversary in September this year, l am proud to sign off on our significant achievements for this year and look forward to 2022123 and beyond. I believe what we said last year remains at the core of what we do - we are successful when we lislen, act and deliver togetherl H M Tliom50n lsep 30. 2022 15..C,I GMT+ll Helen Thomson Chair of Trustees Page 2
GFS Community Enterprise Trustees, Report and Strategic Report For the year ended 31 March 2022 Financial Review Review of finantial activity The fin3ncial statements have been prepared in accordance with the Companies Act 2006 and Charities Act 2011. The company has adopted FRS102 and complies with the Statement of Recommended Practice 'Accounting and Rèporting by Charities. (issued in Detember 20191. During the year net outgoing resources of £76,00012021- £67,0001 were deducted from the restricted funds ancl an unrestricted surplus of £28.00012021'. £41.000} wa5 realised during this period of operation resulting in the net assets of the company decreasing by £48,00012021.- £26,000). The company's total funds amounted to £2.502,0l2o2I-. £2,550,oI at 31" March 2022 of which the net book value of the buildinE is £2,356.00D. Reserves Policy The policy of the company is to maintain sufficient capital in order to carry out its charitable objettives. Unrestricted free eneral reserves.. The Trustees are committed to holding general reserves to ensure that the core activities of GFS will continue into the future. The Trustees consider the range of unrestricted free Beneial reserves required are represented by the following 2 scenarios- 11 GFS ceases to operate and the legal obligations to pay which would be incurred.. and 21 GFS needs to implement a lurnaround plan and the running costs which would be needed during this period taking rn to account any income which is secure. This gives a target range of reserves of £16,000 to £28,CK)O. The Trustees report that the free general reserves of the Charity lour unrestricted reserves less our fixed assets) at 31 March 2022 have increased to £28,00012021: £15.0001. Designated reserves of £15,0Th)12021= £nill are "ring-fenced" and no lonEer form part of free general reserves. Desi nated reserves- Design3ted funds are those unrestricted funds which have been set aside by trustees for an essential spend or future purpose. These funds are then 'ring-fenced' and no longer form part of unrestricted general funds. During 2022 the trustees have designated £15,000 to a fund for maintenance of the building. Further amounts will be desi8nated in to this maintenance fund when the financial results and the free genèral reserves position allow. Restricted Reserves.. The composition of. and movement in, restricted reserves is shown in note 12 to the financial statements. The restricted funds at the year-end were either held in the form of cash in bank accounts or in fixed assets - property. Page 3
GFS Community Enterprise Trustees, Report and Strategic Report For the year ended 31 March 2022 Structure, Governance and Management Legal and Administrative details The company was incorporated on 3 March 2016 as a company limited by suarantee with registered company number 10042412. It is a registered charity under the Charitie5 Acts 2011, registration number 1169462. Community Foundation for Leeds (referred to throughout as Leeds Community Foundation) is the sole member of this company_ The principal and reElStered office is Leeds Community Foundation, 1st Floor, 513 St Paul's Street, Leeds, LSI 2TE. Principal Activity The company was set up to purchase, develop and operate the former fire station in Giplon as a community and enterprise hub. Gipton Fire Station opened in 1937 and closed it5 doors for service as an active fire station in 2015 having played a significant role in the local community for 75 years. Working with the comtnunity Leeds Community Foundation facilitated the funding of the purchase and renovation of the building using grants from Jimbo's Fund- the legacy of local entrepreneur Jimi Heselden. Born and brought up in East Leeds, limi went on to run a number of successful businesses but never forgot the importance of "giving back" Betweerb 2010 and 2013, Jimi donated substantial fund5 to enable Leeds Community Foundation to make Erants to community organi5ations in the local area. During the period since incorporation, on 3, March 2016, the company has purchased the old fire station at Gipton and renovated the site with this work being completed in July 2017. The site- known 3s The Old Fire Station- opened to the general public in September 2017 as a Community and Enterprise Hub. It is home to a number of primarily Third Sector tenants including charities and 50ci31 enterprises. In addition, it has a community café open for tenants, Visitors and the gener31 publrc and a range of meeting rooms available for hire by the local community, charities. and businesses on a gr3ded hire rate. GFS has worked collaboratively with a number of the tenants to deliver projects in the local area that are in line with GFS'S charitable objectives. The charitable objectives of the tompany are to own and manage a building to enable tenants to provide the following services: the relief of unemployment the advancement of education. training, or retraining, particularly among unemployed people, and providing unemployed people wilh work experier)ce the provision of financi31 a5SiStance, technical assistance or business advice or consultancy in order to provide training and employment opportunities for unemployed people in cases of financial or other charitable need through help in setting up their own business, or to existing businesses the provision of recreational facilities in the interests of social welfare for the public at large or those who by reason of their youth, age, infirmity or disablement. financial hardship. or social and economic circumstances, have need of such facilities promoting the efficiency and effectivene55 of charwties and the effective use of charitable resource5 promotion of the volur)tary sector by providing facilities and support The Trustees confirm that they have referred to the guidance contained in the Charity Commission's Eeneral guidance on public benefit when reviewing the aims and objectives and in planning activities. P3ge 4
GFS Community Enterprise Trustees, Report and Strategic Report For the year ended 31 March 2022 Structure, Governance and Management (continuedl Trustees The irusiees are appointed by the Board of Trustees. The Articles of Association allow for a minimum of 3 trustees and a maximum of 10. LCF. for so long as it is the sole member. shall be entitled at any time by written notice to the Charity to appoint andlor remove any person or persons as a Trustee or Trustees. One third lor the number nearest one thirdl of the Trustees must retire each year. those longest in office since their last appointment retiring first. A retiring Trustee who remains qualified may be reappc>inted unlil they have served a maximum of nine years. Additional trustees have been appointed during this period to broaden skills of the Board. Meeting5 The Board of Trustees meet regulaily to agree the broad strategy and areas of activity of the company. At the meetings, the Trustees are regularly updated on the range of activities and the associated financial budget and performance. Policie5 and Procedures adopted for the Recruitment, Indu¢tlon and Training of Trustees The Board keeps the skill requirements for the Trustee Body under review. Any recruitment of new Trustees is undertaken by open advertisement and through a dialogue with interested parties. When an individual expresse5 an interest in becoming a Trustee, an initial meeting is held with the Chair. References are sought and a proposal to appoint a new Trustee is submitted to the Board for approval. Once an appoirhttnent ha5 been made, the newly elected Trustee undergoes an induction programme. The charity keeps LJP to date with key developments and training is provided to Trustees as and when required. Risk Factors The Trusiee5 actively review the major risks to which the charity is exposed and are 5ali5fied that systems are in place to mitigate exposure to the major risks. Covid.19 We are pleased that activity in the building is getting back to pre-pandemic levels but we are aware ol the on- going risk of cases increasing and will continue to adhere to government guideline5. Fundraising The company does not use a professional fundraiser 01 commercial participator to raise funds and we do not directly approach individual members of the public. Local press campaigns are used to raise awareness of our work and advise people how to donate should they wish io do so. During the period, no complaints have been received about our fundraising activities. Our fundraising practices comply with Charities Act 2011, the Charities (Protection and Social Investmentl Act 2016. and the Code of Fundraising Practice. Page 5
GFS Community Enterprise Trustees, Report and Strategic Report For the year ended 31 March 2022 Trustees. Responsibilities Statement The trustees (who are also directors of GFS Community Enterprise for the purposes of company lawl are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and regulations and United Kingdom Accounting Standards Iunited KingdDm Generallv Accepted Accounting Practice). Company Law require5 the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incominE resources and application of resource5, including the income and expenditure. of the charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable atcounting policies and then apply them consi5tently- observe the method5 and principles in the Charities SORP IFRS 1021.. ake judgments and accounting estimates that are reasonable and prudent,. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements- prepare the financial statements on the going toncern basis unless it is inappropriate to presume that the charitable company will continue in business. The Trustees are responsible for keeping proper accountin8 records ihat disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of ffaud and other Th15 report was approved by the Trusiees on 2 Seplember 2022. H M Tl)omsoi) (Sep 30, 2022 15..01 GMT+ll Helen Thomson Chair of Trustees On behalf of GFS Community Enterprise Page 6
GFS Community Enterprise Independent Examinerfs Report to the members of GFS Community Enterprise For the year ended 31 March 2022 Independent examinerfs report to the tStee$ of GFS Community Enterprise I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 Mafch 2022. Respective responsibilities of trustees and examiner As the charily's trustees Df the Company land also its dirertors for the purposes of company lawl you are responsible for the preparation ol Lhe accounts in accordance with Ihe requirement5 of the Companies Act 2006 I'the 2006 Act'l. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity'5 accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In cairyirng out my examination I have followed the Dirertions given by the Charity Commission under section 145151 Ibl of the 2011 Act. Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examin3tion 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 arky unusual items or disclosures In the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide 311 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. Independent examinerfs Statement I have completed my examination. I confirm that no malters have come to my attention in conneclion with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act.. Dr 2. the account5 do not accord with those records- or 3. the 8ccount5 do not comply with the accounting requirewnents of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair viev/ which is not a matter considered as part of an independent examination; or 4. the accounts have rbot been prepared in accordance with the methods and principles of the Siatement of Recommended Practice for accounting and reporting by charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. Page 7
GFS Community Enterprise Independent Examiner's Report to the members of GFS Community Enterprise For the year ended 31 March 2022 Independent examiner's report to the trustees of GFS Community Enterprise {continued} I have no concerns and have come across no other matters in connection with the examination to which atiention should be drawn in this report in order lo enable 3 proper understanding of the accounts to be reached. Signed- Name.. Sally Appleton Institute of Chartered Accountants England and Wales Addres5'. Saffery Champness LLP Mitre House North Park Road Harrogate HGI SAX Date= 25 OctthÈr 2022 Page 8
GFS Community Enterprise Statement of Financial Activities (incorporating statutory income & expenditure account) For the year ended 31 March 2022 Unrestricted Funds Restritted Funds Total Funds 2022 £'ooo Total Funds 2021 É'ooo Notes £'ooo £'ooo Income and endowments trom: Donations Charitable activities Other Irading activities 21 50 135 89 89 154 154 Total 154 89 243 206 Expenditure on.. Charit3ble activities Other 103 23 165 268 23 215 17 Total 126 165 291 232 Net incomelllossl 28 1761 {48) 126) Net movement in tunds Reconciliation of funds: Total funds brought forward 12 28 1761 148) 126) 15 2,535 2,550 2,576 Total funds carried forward 43 2.459 Z,502 2,550 All activities related to continuing operations. All gains and losses recognised in the period 3re included above. Page 9
GFS Community Enterprise Balance Sheet For the year ended 31 March 2022 Notes 2022 £'oo 2021 £'ooo É'ooo Fixed assets Tan6ible fixed assets 2,359 2.430 Current assets Debtors Cash at bank and in hand J6 45 Iso 220 195 Liabilities: Creditors.. amounts falling due within one year io {77) 1751 Net current assets 143 120 Net assets li 2,502 2,550 Fund5 Restricted funds Unrestricted funds Unrestricted funds= Designated 12 12 12 2.459 28 15 2.535 15 Total funds 2.502 2,550 For the year ended 31 March 2022 the company wa5 entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The trustees have not required the company to obtain an audit of Its financial statements for the year in question in accordance with section 476 of the Companie5 Act 2006. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. These financial statements have been prepared in accordance with the provision$ applicable to companie5, Subject to the small companies, regime. Approved by the Trustees on 2 September 2022 and signed on its behalf by Helen Thom50n Chair of Trustees H Nl Tbomson15È9=.fj.2a?£ IS.-01 GklT41 The noles on pages 12 - 20 form part of these finantial statement5. Page 10
GFS Community Enterprise Statement of Cash Flows and Net Debt Analysis For the year ended 31 March 2022 2022 2021 £'ODO Cash flows from operating activities.. Net loss for the financial period Adjuslments for- Depreciation charges Decreaselllncreasel in debtors Increase in creditors {481 1261 73 29 82 1151 34 Net cash provided by/lu5ed in) operating artivities 56 75 Cash flows from investing activities". Purchase of property, plant and equipment 121 Net cash used in investing artivities Change in cash and cash equivalents in the period 54 75 Cash and cash equivalents at the beginning of period 150 75 Cash and tash equivalents at the end of the period 204 150 Net Debt Analysis AtlApr 2021 Cash flows At31 Mar 2022 £'ooo £'ooo Cash 150 54 204 150 54 204 Total Page 11
GFS Community Enterprise Notes to the Financial Statements For the year ended 31 March 2022 l Accounting policies Accounting convention The financial statements have been prepared Under the h15torical cost convention and in accordance with Statement of recommended Practice 'Accounting and ReportinE by Charities. lissued in December 20191 and applicable United XinEdom accounting standards including FRS 102 The Financial Reporting Stanclard applicable in the UK and Republic of Ireland. Going concern The board of Trustees have considered the financial position of the charity and, based on a review of forecasts ané available fLJnds, have reasonable expectation that the charity has adequate resources to continue in operational exi5tenie for the foreseeable future. Accordingly, they continue to adopt the going concern basis in the preparation of the financial statements and annual report. Income All incoming resources are included in the Statement of Financial Activities when the company is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income= Chèritable activities Grant income is recognised based on the performance model and recognised when perfoimance criteria have been met. Donations and le acies Voluntary income is received by way of grants. donations and gifts lincluding donations in kindl. These amounts are included in full in the Statement of Financial Activities in the year in which they are receivable. Rental income - income frorn a tenant's leases or from a licence to occupy is recognised on an accruals basis in accordance with this policy. Expenditure All expenditure is accounted for on an accrua15 basis. No costs need to be apportioned to activities as all costs tari be directly attributed to specific attivities. Charitable activities Costs incurred specifically in the ownership, development, and operation of The Old Fire Station in Gipton. other costs - Costs incurred in connection with Eovernance and compliance with constitutional and statutorv requirements. These costs include costs related to independent examination and legal fees. Fixed assets Depreciation is provided on all tangible fixed asset5 at rates calculated to write off the c05t, less estimated residual value, of ihe assets over their expected useful lives on 3 5traidht-line basis. Assets under the course of construction are not depreciated until the asset 15 complete. Land & Buildings 2.5% Office Furniture and equipment 25% IT Equipment 33% Fund accounting Monies earmarked by donors, or by the terms of an appeal for particular projerts, 3re accounted for separately, as a Restricted FLJnd. The notes to the accounts show the movements and balontes on any such restricted funds. Unrestricted funds may be spent on any legitimate charitable aim, as laid down in the companvs Memorandum & Articles of Association. Page 12
GFS Community Enterprise Notes to the Financial Statements For the year ended 31 March 2022 l Accounting policies {continued} Reserves Unrestricted free general reserves.. The Trustees are committed to holding Eeneral reserves to ensure that the core activities of GFS will continue into the future. There is a calculated range of reserves against which the 3Ctual reserves will be measured at each year end. Designated reserves.. Designated funds are those unrestricted funds which have been set aside by trustees for an essential spend or future purpose. These funds are then 'fing-fenced' and no longei form part of unrestricted general funds. Restricted reserves.. Trustees consider for what purpose restricted funds are held and ensure they are being spent in accordance with the funding agreement setting out the restrictions. Judgement5 and estimates The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary lo reflect current estimates based on the physical condition of the assets. 2 Donations Z022 2021 Unrestricted funds.. Government Covid-19 support grants 21 21 3 Charitable activities: income 2022 2021 £'ooo Restricted funds.. Themed Funds Hèalthy Holidays Meet Me At The Old Fire Station Covid Prevention Project WYH Targeted Prevention Sm311 grants Season of Light Bike Friendly Stralegic.. Resilience 29 13 io iii Is 20 13 30 89 50 Page 13
GFS Community Enterprise Notes to the Financial Statements For the year ended 31 March 2022 4 Other income 2022 2021 £'ooo Unrestricted fund5'. Rental income received 153 135 Events income 154 135 5 Charitable activitie5: Costs 2022 2021 £'ooo £.{0 Unrestricted funds.. Property running COStS Salaries and social security costs Other support and administration costs 45 36 43 15 62 103 98 Restricted fund5-. Property running costs Activity based cost5 80 82 85 35 165 117 215 6 Staff costs and remuneration 2022 2021 Salaries 42 Pension costs 43 On l April 2021 the staff team of The Old Fire Station were transferred acr055 under a TUPE arrangement in to the employment of GFS Community Enterprise. The avèrage number of employee5 during the year was 2 FTE 12021.. 0 FTEI. No employee12021.. 01 had total employee benefits (excluding employer pension costs and national insurance costs) of more that £60,000. During this year and the prior year, no Trustees received remuneration arhd none were reimbursed for travel and other expenses. Page 14
GFS Community Enterprise Notes to the Financial Statements For the year ended 31 March 2022 7 Other costs 2022 2021 £'ooo Unrestricted funds.. Legal and professional costs Independent Examiner's remuneration 21 14 23 17 Trustees have not charged any expenses in relation to governance. 8 Fixed assets Land and Buildings £'ooo Office equipment £'ooo IT equipment £'ooo Totsl £'ooo Cost Opening balance at l April 2021 Additions 2.657 52 17 2,726 Closing balance at 31 March 2022 2,658 53 17 2,728 Depreciation Opening balance at l April 2021 Charge for the year 235 67 17 296 73 Closing balance at 31 March 2022 302 50 17 369 Net book value At 31 March 2022 2.356 2,359 At 31 Mafch 2021 2.422 2,430 Page 15
GFS Community Enterprise Notes to the Financial Statements For the year ended 31 March 2022 9 Debtors 2022 2021 £'ooo £'ooo Trade debtors io 25 Other debtors 15 Prepayment5 and accrued income 16 45 10 Creditors: amounts falling due within one year 2022 £'ooo 2021 Trade creditors Accrua15 and deferred income VAT Liabilitv Amount owed to related ch8rity 20 49 S8 io 77 75 Page 16
GFS Community Enterprise Notes to the Financial Statements For the year ended 31 March 2022 11 Analysis of Net Assets between Funds Current year Unrestrirted Funds Restricted Funds Year Ended 31 March 2022 Year Ended 31 March 2021 £'ooo 2,430 45 1751 150 £'ooo £'ooo 2,359 Fixed assets Current assets Current liabilities Cash 2,359 16 1771 204 16 1631 90 1141 114 Net Assets 43 2,459 2,502 2.550 Prior year Unrestricted Funds Restricted Funds Year Ended 31 March 2021 £,{0 2,430 45 1751 150 Year Ended 31 March 2020 £'ooo 2,512 30 1411 75 £'ooo £'ooo 2.430 15 iioi 100 Fixed asset5 Current assets Current liabilities Cash 30 1651 50 Net Assets 15 2,535 2.550 2.576 Page 17
GFS Community Enterprise Notes to the Financial Statements For the year ended 31 March 2022 12 Movement in Funds Current year At l April 2021 Income Expenditure Transfer At31 March 2022 £'ooo Z8 15 £'ooo Is £'ooo 126 Unrestricted funds Unrestricted funds- designated 154 1151 15 Total Unrestricted funds 15 154 126 43 Restricted funds- Jimbo's Fund Healthy Holidays Small Erants Season of Light Bike Friendlv Meet Me At The Old Fire Station Covid Preventiork Project WYH Targeted Prevention Strategic.. Resilience 2,513 79 29 21 2,434 29 20 io iii io Is 30 14 16 Total Restricted funds 2,535 89 165 2,459 Total Fund5 2,550 243 291 2,502 In 2021122, £15,000 was transferred from the unrestricted general funds to the unrestricted designated fund. The unrestricted designated funds are to cover those costs not included within the routine maintenance costs 3S the renovated building moves in to the next 5 years of operation. limbo's Fund - grant received to enable to purchase and renovation of The Old Fire Station. Costs primarily relate to depreciation. Healthy Holidays this programme addresses holiday hunger. through promoting healthy holiday activitie5 and providing food to a cohort of eligible families. Strategic Resilience Fund to help management take on strategic development work alongside daily operational delivery and to enable the preparation of an impact report covering the first 5 years of operation. Page 18
GFS Community Enterprise Notes to the Financial Statements For the year ended 31 March 2022 12 Movement in Funds (continued) Prlor year Atl April 2020 £'ooo Income Empenditure At 31 March 2021 £'ooo £'ooo £'ooo Unrestricted funds 126) 156 115 15 Restricted funds: limbos FLJnd He31thy Holidays Small Erants Season of Light Bike Friendly Meet Me At The Old Fire Statio Covid Prevention Project WYH Targeted Prevention 2.595 82 2,513 13 13 13 12 15 Is Total Restricted funds 2.602 50 117 2.535 Total Funds 2.576 206 232 2,550 13 Related Party Transactions During the year, an amount of £13,33312021'. £8,553) was payable lo Leeds Community Foundètion for finance and administration services, of which £3,62012021.. £2,772) was owed by GFS Community Enterprise to Leeds Community Foundation a5 at 31 March 2022. Healthy Holidays grants from Leeds Community Foundation tol3lling £23.500 were received in 2021122, of which £4,000 was deferred to 2022123. Strategic= Resilience grants from Leed5 Community Founclation totalling £30,000 were received in 2021122. A Wesleyan grani of £999 from Leeds Community Foundation wa5 received in 2021122 and 15 shown under small grants in note 12. 14 Pensions GFS has registered as an employer with the NEST workplace pension scheme. The assets of the scheme are held separately to those of GF5 in independently administered funds. The pension charge in the year represents contributions to the NEST pension scheme and amounted to £l.00012021.. £nill. There were no outstanding contributions at 31 March 202212021- £nill. Page 19
GFS Community Enterprise Notes to the Financial Statements For the year ended 31 March 2022 15 Comparative Statement of Financial Artivities {incorporating statutory income & expenditure account) for the year ended 31 March 2021 Unrestritted Funds Restrirted Fund5 Total Funds 2021 £'ooo Total Funds 2020 Notes £'ooo £'ooo £'ooo Income and endowments from- Donations Charitable activities Other trading activities 21 21 50 13S 50 23 153 135 Total 156 50 Z06 178 Expenditure on: Charitable activities Other 98 17 117 215 17 245 17 Total 115 117 232 262 Net loss 41 (671 126) (84) Net movement in funds Reconciliation of funds: Total funds brought forward 12 41 {671 {261 {841 1261 2,602 2,576 2,660 Total fund5 carried forward Is Z,535 2,550 2,576 Page 20