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 £2.502,0￿l2o2I-. £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 t￿Stee$ 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