##
##
##
|||||||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|||||
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||||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||||||
##
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##
|||||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|un|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|
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