2021-03-30-accounts - Folkestone Sports Centre Trust Limited

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						Page
Reference and administrative		details	ofthe Company,	its Trustees	and advisers
Chairman's	statement
Trustees' report						3-7
Independent	auditors' report	on the	financial statements			8-11
Consolidated	statement offinancial		activities			12
Consolidated	balance sheet					13
Company balance sheet						14
Consolidated	statement ofcash flows					15
Notes to the	financial statements					16-33

Trustees			P Gardner, Trustee	P Gardner, Trustee	P Gardner, Trustee
			G Hibbert, Trustee
			A Mackie, Trustee
			L Mayatt, Trustee
			L Smith, Trustee
			R Steam, Trustee
			D Timmins,	Trustee
			A White, Trustee
Company	registered
number			01092545
Charity registered
number			308189
Registered		office	Radnor Park	Avenue
			Folkestone
			Kent
			CT195HX
Independent		auditors	Magee Gammon		Corporate		Limited
			Henwood House
			Henwood
			Ashford
			Kent
			TN24 SDH
Bankers			National Westminster			Bank	PLC
			Europa House
			49 Sandgate	Road
			Folkestone
			Kent
			CT20 1RU
Solicitors			Frederic Hall
			York House
			32 Cheriton	Road
			Folkestone
			Kent
			CT20 2UR

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
		Note
Income from:
Donations and legacies			126,362	859,145	985,507	192 581
Charitable activities				334,229	334,229	1,300,929
Other trading activities				14,057	14,057	181,157
Investments				4,200	4,200
Other income			364,203	47,874	412,077
Total income			490,565	1,259,506	1,750,070	1,574,667
Expenditure on:
Raising funds			16,759	77,743	94,502	208,516
Charitable activities		8	32,908	1,251,549	1,284,457	1,504,959
Total expenditure			49,667	1,329,292	1,378,959	1,813,475
Net income/(expenditure)			440,898	(69,787)	371,111	(138,808)
Transfers between	funds	20	(367,609)	367,609
Net movement in	funds		73,289	297,822	371,111	(138,808)
Reconciliation of	funds:
Total funds brought	forward		574,766	276,168	850,934	989,742
Net movement in funds			73,289	297,822	371,111	(138,808)
Total funds carried forward			648,055	573,990	1,222,045	850,934

					CONSOLIDATED	BALANCE SHEET
					AS AT 31	MARCH 2021
						2021		2020
					Note
Fixed assets
Tangible	assets				13	2,110,485		1,880,585
						2,110,485		1,880,585
Current assets
Stocks					15	5,125	9,756
Debtors					16	76,179	179,093
Cash at bank		and	in	hand		219,952	8,189
						301,256	197,038
Creditors:	amounts			falling due within	one
year					17	(97,806)	(314,806)
Net current		assets		1 liabilltes		203,450		(117,768)
Total assets		less	current liabilities			2,313,935		1,762,817
Creditors;	amounts			falling due after	more
than one	year				18	(1,091,890)		(911,883)
Total net	assets					1,222,045		850,934
Charity funds
Restricted	funds				20	648,055		574,766
Unrestricted		funds			20	573,990		276,168
Total funds						1,222,045		850,934

				COMPANY	BALANCE SHEET
				AS AT 31 MARCH 2021
					2021		2020
				Note
Fixed assets
Tangible assets				13	2,110,485		1,880,585
Investments				14	2		2
					2,110,487		1,880,587
Current assets
Stocks				15	6,000	5,511
Debtors				16	88,263	179,005
Cash at bank	and in hand				217,236	2, 181
					310,499	186,697
Creditors: amounts		falling	due within	one
year				17	(94,097)	(304,467)
Net current	assets ( llabilites				216,402		(117,770)
Total assets	less	current	liabilities		2,326,889		1,762,817
Creditors: amounts than one year		falling	due after	more 18	(1,091,890)		(911,883)
Total net assets					1,234,999		850,934
Charity funds
Share capital				20	100		100
Restricted funds				20	656,055		574,766
Unrestricted	funds			20	578,844		276,068
Total funds					1,234,999		850,934

	FOR	TH	E YEAR ENDED 31 MARCH 202	1
				2021	2020
Cash flows from operating	activities
Net cash used in operating	activities			384,662	75,657
Cash flows from investing	activities
Proceeds from the sale oftangible fixed		assets		8,000
Purchase oftangible fixed assets				(333,239)	(23,811)
Net cash used In investing	activities			(325,239)	(23,811)
Cash flows from financing	activities
Cash inflows from new borrowing				200,000
Repayments of borrowing					(34,715)
Interest paid				(30,535)	(60,582)
(Increase)/decrease in stocks				4,631	(110)
Net cash provided by/(used in) financing			activities	174,096	(95,407)
Change in cash and cash	equivalents	in	the year	233,519	(43,561)
Cash and cash equivalents	at the beginning		ofthe year	(13,567)	29,994
Cash and cash equivalents	at the end	of	the year	219,952	(13,567)
The notes on pages 16to 33form part ofthese financial statements

				Restricted	Unrestricted	Tota I	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
Donations
Donations				60,000	3,305	63,305	2,242
Grants
SDC - Annual		grant			148,700	148,700	150,000
Forest School							1,155
Fit Together				29,320		29,320	24,100
CJRS grant					455,782	455,782	15,084
Utilities				10,000		10,000
Fit 4 Keyworkers				1,000		1,000
Ski project				4,342		4,342
HCC capital	works			21,700		21,700
National lottery					60,000	60,000
Folkestone	Hythe		District Council		139,945	139,945
Subtotal detailed			disclosure	126,362	807,732	934,094	192,581
Insurance claim					51,413	51,413
Subtotal					51,413	51,413
				126,362	859,145	985,507	192,581
Total 2020				25,255	167,326	192,581

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
Admission	and membership	fees	334,229	334,229	1,300,929
			334,229	334,229	1,300,929
Total 2020			1,300,929	1,300,929

							Unrestricted	Total	Total
							funds	funds	funds
							2021	2021	2020
	Advertising		revenue				280	280	2,140
	Turnover	of	trading		subsidiary		13,777	13,777	179,017
							14,057	14,057	181,157
	Total 2020						181,157	181,157
6.	Investment		income
							Unrestricted	Total	Total
							funds	funds	funds
							2021	2021	2020
	Rent received						4,200	4,200
7.	Other incoming			resources
						Restricted	Unrestricted	Total	Total
						funds	funds	funds	funds
						2021	2021	2021	2020
	Other operating			income			47,874	47,874
	Profit on disposal				ofasset	364,203		364,203
						364,203	47,874	412,077

				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
Charitable	activites			32,908	1,251,549	1,284,457	1,604,959
Total 2020				30,274	1,574,685	1,604,959
Analysis	of expenditure		by activities
				Activities
				undertaken	Support	Tota I	Total
				directly	costs	funds	funds
				2021	2021	2021	2020
Charitable	activites			894,033	390,424	1,284,457	1,604,959
Total 2020				1,213,732	391,227	1,604,959
Analysis	ofdirect	costs
						Total	Total
					Activities	funds	funds
					2021	2021	2020
Wages and salaries					612,764	612,764	830,919
Depreciation					95,376	95,376	83,366
Staff costs					108	108	7,244
Light and	heat				129,365	129,365	170,485
Cleaning	and water	rates			29,364	29,364	49,618
Property	equipment	and	repairs and renewals		27,056	27,056	72,100
					894,033	894,033	1,213,732
Total 2020					1,213,732	1,213,732

					Total	Total
				Activities	funds	funds
				2021	2021	2020
	Wages 8 Salaries			158,250	158,250	103,455
	Telephones			7,202	7,202	6,671
	Printing, postage	&stationery		1,305	1,305	5,786
	Publicity			70	70	6, 653
	Mini bus running	costs & travel		2,219	2,219	9,468
	Sundry			6,521	6,521	5,726
	Health care			387	387	2,591
	Staff training			775	775	2,529
	information technology			37,882	37,882	28,142
	Bank charges			6,327	6,327	17,114
	Insurance			61,118	61,118	46,045
	Loan interest			30,535	30,535	60,582
	Legal and professional			5,959	5,959	1,685
	Non recoverable	value added tax		59,662	59,662	63,425
	Operating leases			10,932	10,932	22,035
	Governance costs			1,280	1,280	9,320
				390,424	390,424	391,227
	Total 2020			391,227	391,227
10.	Auditors' remuneration
					2021	2020
	Fees payable to the Company's annual accounts		auditor for the audit ofthe Company's		5,400	5,400

Staff costs
				Group	Group	Company	Company
				2021	2020	2021	2020
Wages and	salaries			822,094	989,982	771,014	925,296
Contribution	to defined	contribution	pension
schemes				818	10,058		9,078
				822,912	1,000,050	771,014	934,374

				Group	Group
				2021	2020
				No.	IVo.
Employees				60	50
The average headcount	expressed as full-time	equivalents	was:
				Group	Group
				2021	2020
				No.	IVo.
Direct charitable				55	45
Administration				5	5
				60	50

	Land &	Plant and	Motor	Fixtures and
	Buildings	machinery	vehicles	fittings	Total
Cost or valuation
At 1 April 2020	2,583,590	431,507	23,811	690,948	3,729,856
Additions	291,329	4,576		37,334	333,239
Disposals	(8,000)				(8,000)
At 31 March 2021	2,866,919	436,083	23,811	728,282	4,055,095
Depreciation
At 1 April 2020	819,653	354,533	5,953	669,132	1,849,271
Charge for the year	70,889	8,155	4,465	11,830	95,339
At 31 March 2021	890,542	362,688	10,418	680,962	1,944,610
Net book value
At 31 March 2021	1,976,377	73,395	13,393	47,320	2,110,485
At 31March 2020	1,763,937	76,974	17,858	21,816	1,880,585
Analysis of net book	value of land and buildings:	31	March 2021 6	31 March 2020 6
	Land		93,560		101,560
	Buildings		1 882 817		1 662 377
			1 976 377		1 763937

Principal su	Principal su	bsidiaries
The following		was a subsidiary	undertaking		ofthe Company:
Name					Company	Registered		office or principal		Holding
					number	place of	business
Folkestone	Sport Centre Limited				01533437	The Sports Centre,			Radnor Park	100%
						Avenue,	Folkestone,		Kent, CT19
The financial		results ofthe subsidiary		for	the year were:
Name						Income		Expenditure		Profit/(Loss)
										ISurplusl
										(Deficit) for
										the year
Folkestone		Sport Centre Limited				61,651			(74,605)	(12,954)

						Group	Group	Company	Company
						2021	2020	2021	2020
Finished	goods	and	goods	for	resale	5,125	9,756	5,000	5,511
						5,125	9,756	5,000	5,511

			Group	Group	Company	Company
			2021	2020	2021	2020
Due within one year
Trade debtors			22,885	144,041	22,885	144,041
Amounts owed	by group undertakings				12,195
Other debtors			42,624	34,964	42,618	34,964
Prepayments and accrued income			10,670	88	10,565
			76,179	179,093	88,263	179,005
Creditors: Amounts		falling due within one year
			Group	Group	Company	Company
			2021	2020	2021	2020
Bank overdrafts			19,993	21,756	19,993	21,756
Trade creditors			36,481	77,441	35,356	71,755
Owed to group	companies					956
Other taxation	and social security		3,801	16,378	1,657	12,307
Other creditors			9,891	12,284	9,891	11,446
Accruals and deferred		income	27,640	186,947	27,200	186,247
			97,806	314,806	94,097	304,467

		Group 2021	Group 2020	Company 2021	Company 2020
Bank	loans	1,091,890	911,883	1,091,890	911,883

			Group	Group	Company	Company
			2021	2020	2021	2020
Financial assets
Financial	assets measured	at fair value
through	income and expenditure		219,952	8,189	217,236	2 181

Statement offunds	- current	year
						Balance at
						31 March
		Balance at 1			Transfers	2021
		April 2020	Income	Expenditure	in/out
Unrestricted funds
General Funds - all	funds	276,068	1,259,505	(1,329,292)	367,609	573,890
Share capital		100				100
		276,168	1,259,505	(1,329,292)	367,609	573,990
Restricted funds
Capital reserve		423,215		(10,251)		412,964
Sports hall reserve		16,096		(1,112)		14,984
Disability project reserve		40,952		(4,239)		36,713
Sensory Garden		7,110		(221)		6,889
Sensory pool reserve		2,064		(206)		1,858
Changing rooms		35,675		(967)		34,718
Forest school reserve		3,977		(55)		3,922
Sports hall lighting	reserve	3,240		(1,402)		1,838
Fit together reserve		42,437	29,320	(4,465)		67,292
Utilities reserve			10,000	(10,000)
Fit 4 keyworkers reserve			1,000		(1,000)
Ski project reserve			64,342		(64,342)
HCC Capital works	reserve		21,700		(20,166)	1,534
Outdoor adventure	reserve		364,203	(16,759)	(282,101)	65,343
		674,766	490,565	(49,667)	(367,609)	648,055
Total of funds		850,934	1,750,070	(1,378,959)		1,222,045

Statement offunds	- prior year
					Balance at
		Balance at			31March
		1 April 2019	Income	Expenditure	2020
Unrestricted funds
General Funds		409,857	1,477,604	(1,611,393)	276,068
Share capital		100			100
		409,957	1,477, 604	(1,611,393)	276,168
Restricted funds
Capital reserve		433,466		(10,251)	423,215
Sports hall reserve		17,405		(1,309)	16,096
Disability project reserve		45,276		(4,324)	40,952
Sensory Garden		7,331		(221)	7,110
Sensory poolreserve		2,292		(228)	2, 064
Changing rooms		38,929		(3,254)	35,675
Forest school reserve		2,884	1,155	(62)	3,977
Sports hall lighting	reserve	4,797		(1,557)	3,240
Fit together		27,405	24,100	(9,068)	42,437
		579,785	25,255	(30,274)	574,766
Total offunds		989,742	1,502,859	(1,64 1,667)	850,934

Summary	offunds - cu	rrent year
						Balance at
						31 March
		Balance at 1			Transfers	2021
		April 2020	Income	Expenditure	in/out
General funds		276,168	1,259,505	(1,329,292)	367,609	573,990
Restricted	funds	574,766	490,565	(49,667)	(367,609)	648,055
		850,934	1,750,070	(1,378,959)		1,222,045

Summary	offunds - prior year
					Balance at
					31March
		Balance at			2020
		1 April 2019	Income	Expenditure
General funds		409,957	1,477,504	(1,611,393)	275,168
Restricted	funds	579,785	25,255	(30,274)	574,756
		989,742	1,502,859	(1,641,667)	850,934

Analysis	of n	et assets between funds - current	year
			Restricted	Unrestricted	Total
			funds	funds	funds
			2021	2021	2021
Tangible	fixed	assets	573,178	1,537,307	2,110,485
Current	assets		74,877	226,379	301,256
Creditors	due	within one year		(97,806)	(97,806)
Creditors	due	in more than one year		(1,091,890)	(1,091,890)
Tl			648,055	573,990	1,222,045

	Analysis of n	et asse	ts be	twee	n	funds	- prior	yea	r
										Restricted		Unrestricted	Total
											funds	funds	funds
											2020	2020	2020
	Tangible fixed	assets									574,766	1,305,819	1,880,585
	Current assets											197,038	197,038
	Creditors due	within	one year									(314,806)	(314,806)
	Creditors due	in more than		one	year							(911,883)	(911,883)
	Total										574,766	276,168	850,934
23,	Reconciliation	of net movement				in funds to		net	cash flow	from	operating	activities
												Group	Group
												2021	2020
	Net income/expenditure Activities)			for	the	year	(as	per	Statement	of	Financial	371,111	(138,808)
	Adjustments	for:
	Depreciation charges											95,339	83,366
	Decrease/(increase)		in debtors									102,914	(128,055)
	Increase/(decrease)		in creditors									(215,237)	198,572
	Interest paid											30,535	60,582
	Net cash provided		by operating			activities						384,662	75,657
24.	Analysis ofcash and cash equivalents
												Group	Group
												2021	2020
	Cash in hand											219,952	8,189
	Overdraft facility repayable			on	demand								(21,756)
	Total cash and cash equivalents											219,952	(13,567)

				At 1 April		At 31 March
				2020	Cash flows	2021
Cash	at bank and in hand			8,189	211,763	219,952
Bank	overdraRs	repayable	on demand	(21,756)	1,763	(19,993)
Debt	due aRer 1 year			(911,883)	(180,007)	(1,091,890)
				(925,450)	33,519	(891,931)

payments	der non-cancellable operating lease	s as follows:
		Group 2021	Group 2020	Company 2021	Company 2020
Not later than Later than 1	1 year year and not later than 5 years	20,495 12,082	11,400 25,619	20,495 12,082	11,400 25,619
		32,577	37,019	32,577	37,019