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2022-09-30-accounts

Page
Reference and administrative details ofthe Company, its Trustees and advisers
Chairman's statement
Trustees'
report
Independent auditors'
report		 on the financial statements 9-12
Consolidated statement
offinancial activities		 13
Consolidated balance sheet 14
Company
balance sheet		 15-16
Consolidated statement
ofcash flows		 17
Notes to the financial statements 18-39
REFERENCE AND REFERENCE AND REFERENCE AND ADMINISTRATIVE
DETAILS OF THE COMPANY, ITS		 ADMINISTRATIVE
DETAILS OF THE COMPANY, ITS		 ADMINISTRATIVE
DETAILS OF THE COMPANY, ITS		 ADMINISTRATIVE
DETAILS OF THE COMPANY, ITS		 ADMINISTRATIVE
DETAILS OF THE COMPANY, ITS		 TRUSTEES AND ADVISERS
FOR THE PERIOD ENDED 30 SEPTEMBER 2022
Trustees P Gardner,
Trustee
G Hibbert, Trustee
A Mackie, Trustee
L Mayatt, Trustee
L Smith, Trustee
RSteam, Trustee (resigned 18August 2022)
D Timmins,
Trustee
A White, Trustee
D Muggridge,
Trustee
(appointed		 15 December 2022, resigned 19 December
2023)
L Game, Trustee (appointed 15December 2022, resigned 21 July 2023)
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 8DH
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

FOR THE PERI OD ENDED 30S EPTEMBER 20 22
Restricted Unrestricted Total Total
funds funds funds funds
period ended period ended period ended year ended
30September 30September 30September 31March
2022 2022 2022 2022
Note E E F
Income from:
Donations
and legacies		 176,103 49,835 225,938 398,233
Charitable
activities		 568,816 568,816 1,039,293
Other trading
activities		 98,928 98,928 82,235
Investments 2,106 2,106 5,381
Other income 7,821 7,821
Total income 176,103 727,506 903,609 1,525,142
Expenditure
on:
Raising funds 120,158 120,158 168,319
Charitable
activities		 8,863 905,089 913,952 1,746,240
Total expenditure 8,863 1,025,247 1,034,110 1,914,559
Net income/(expenditure) 167,240 (297,741) (130,501) (389,417)
Transfers
between		 funds 21 (359,608) 359,608
Net movement
in		 funds (192,368) 61,867 (130,501) (389,417)
Reconciliation
of		 funds:
Total funds brought forward 684,920 147,808 832,628 1,222,045
Net movement
in funds		 (192,368) 61,867 (130,501) (389,417)
Total funds carried forward 492,552 209,675 702,227 832,628

AS AT 30SE PTEMBER20 22
30 As restated
September 31March
2022 2022
Note f,
Fixed assets
Tangible assets 2,114,187 2,154,495
Current assets
Stocks 15 5,251 5,252
Debtors 16 33,970 37,712
Cash at bank and in hand 25,062 68,975
64,283 111,939
Creditors: amounts falling due within one
year 17 (610,998) (343,534)
Net current
liabilities		 (546,715) (231,595)
Total assets less current liabilities 1,567,472 1,922,900
Creditors: amounts falling due after more
than one year 18 (865,345) (1,090,272)
Total net assets 702,127 832,628
Charity funds
Restricted
funds		 21 492,552 684,920
Unrestricted
funds		 21 209,575 147,708
Total funds 702,127 832,628

COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 30SEPTEMBER2022
30 As restated
September 31March
2022 2022
Note F
Fixed assets
Tangible assets 13 2,114,188 2,154,495
Investments 14 2 2
2,114,190 2,154,497
Current assets
Stocks 2,602 2,603
Debtors 70,486 82,989
Cash at bank and in hand 2,216 49,105
75,304 134,697
Creditors: amounts falling due within one
year 17 (583,848) (322,020)
Net current liabilities (508,544) (187,323)
Total assets less current liabilities 1,605,646 1,967, 174
Creditors: amounts falling due after more
than one year 18 (865,345) (1,090,272)
Net assets excluding pension asset 740,301 876,902
Total net assets 740,301 876,902
Charity funds
Restricted funds 684,920
Unrestricted
funds
Share capital 21 100 100
General funds 21 740,201 191,882
Total unrestricted funds 21 740,301 191,982
Total funds 740,301 876,902

FOR THE P ERIOD ENDED 30SEPTEMBER 2022
period
ended As restated
30 year ended
September 31March
2022 2022
E
Cash flows from operating activities
Net cash used
in operating		 activities (148,506) 87,534
Cash flows from investing activities
Proceeds from the sale oftangible
fixed assets		 17,866
Purchase oftangible
fixed assets		 (21,094) (278,304)
Prior year adjustment
(see note 20)		 118,084
Net cash used in investing activities (3,228) (160,220)
Cash flows from financing activities
Repayments
of borrowing		 39,473 14,389
Interest paid (38,180) (92,680)
Net cash provided
by/(used		 in) financing activities 1,293 (78,291)
Change
in cash and cash		 equivalents
in		 the period (150,441) (150,977)
Cash and cash equivalents at the beginning ofthe period 68,975 219,952
Cash and cash equivalents at the end of the period (81,466) 68,975
The notes on pages 18to 39 form part ofthese financial statements

Restricted Unrestricted Total
funds funds funds
period period period Total
ended ended ended funds
30 30 30 yearended
September September September 31 INarch
2022 2022 2022 2022
Donations 3,659 3,659 26,953
Grants 176,103 45,840 221,943 371,280
Similar incoming resources 336 336
176,103 49,835 225,938 398,233
Total 2022 358,271 39,962 398,233

Unrestricted Total
funds funds
period period Total
ended ended funds
30 30 year ended
September September 31March
2022 2022 2022
E E
Admission and membership fees 568,816 568,816 1,039,293
568,816 568,815 1,039,293
Total 2022 1,039,293 1,039,293
5. Income from other trading activities
Income from non charitable trading activities
Unrestricted Total
funds funds
period period Total
ended ended funds
30 30 yearended
September September 31March
2022f 2022f 2022
Advertising revenue 100 100 30
Turnover of trading subsidiary 98,828 98,828 82,205
98,928 98,928 82,235
Total 2022 82,235 82,235

Unrestricted Total
funds funds
period period Total
ended ended funds
30 30 year ended
September September 31March
2022
E		 2022f 2022
Rent received 2,100 2,100 5,370
Interest receivable 6 6 11
2,106 2,106 5,381
Total 2022 5,381 5,381
7. Other incoming resources
Unrestricted Total
funds funds
period period Total
ended ended funds
30 30 yearended
September September 31March
2022 2022 2022
E
Profit on disposal ofasset 7,821 7,821
Restricted Unrestricted
funds funds Total
period period period
ended ended ended Total
30 30 30 yearended
September September September 31March
2022 2022 2022 2022
E E F
Charitable activites 8,863 905,089 913,952 1,746,240
Total 2022 21,406 1,724,834 1,746,240

Activities
undertaken Support Total
directly costs funds
p el'Ioci period perlocl Total
ended ended ended funds
30 30 30 year ended
September September September 31March
2022 2022 2022 2022
E E E
Charitable activites 632,495 281,457 913,952 1,746,240
Total 2022 1,129,822 616,418 1,746,240
Total
Activities funds
period pe rIocl Total
ended ended funds
30 30 year ended
September September 31March
2022 2022 2022
E
Wages and salaries 455,832 455,832 740,792
Depreciation 51,358 51,358 103,090
Staff costs 9,666 9,666
Light and heat 70,280 70,280 167,032
Cleaning and water rates 26,132 26,132 48,293
Property equipment and repairs and renewals 19,227 19,227 70,615
632,495 632,495 1,129,822
Total 2022 1,129,822 1,129,822

Total
Activities funds
period period Total
ended ended funds
30 30 year ended
September September 31March
2022 2022 2022
F F
Wages 8 Salaries 38,622 38,622 196,337
Telephones 5,235 5,235 6,994
Printing, postage 8 stationery 748 748 7,048
Mini bus running costs 8 travel 1,530 1,530 1,488
Sundry 310
Staff training 245 245 2,528
Information technology 21,051 21,051 38,032
Bank charges 10,692 10,692 18,504
Insurance 76,092 76,092 102,773
Loan interest 40,085 40,085 92,680
Legal and professional 24,965 24,965 32,055
Non recoverable value added tax 44,907 44,907 96,699
Operating leases 7,460 7,460 8,390
Governance costs 9,825 9,825 12,580
281,457 281,457 616,418
Total 2022 616,418 616,418
Auditors' remuneration
period
ended
30 year ended
September 31March
2022 2022
Fees payable to the Company's auditor for the audit ofthe Company's
annual
accounts		 8,400 6,600

Group Company
period period
ended Group ended Company
30 year ended 30 year ended
September 31March September 31March
2022
F		 2022f 2022
F		 2022f
Wages and salaries 519,173 988,084 489,250 937,129
Contribution to defined contribution pension
schemes 5,204 5,204
524,377 988,084 494,454 937,129
The average number of persons employed by the Company
during the period		 was as follows:
Group Company
pe I'Iod period
ended Group ended Company
30 year ended 30 year ended
September 31March September 31March
2022 2022 2022 2022
No. No. No. No.
Employees 108 108 108 '/08
Group Company
period period
ended Group ended Company
30 year ended 30 year ended
September 31March September 31March
2022 2022 2022 2022
No. No. No. No.
Direct charitable 103 103 103 /03
Administration 5 5 5 5
108 108 108 108

Land 8 Plant and Motor Motor Fixtures and Fixtures and
Buildings machinery vehicles fittings Total
E F F f.
Cost or valuation
At 1 April 2022 2,958,015 466,538 23,811 753,831 4,202,195
Additions 18,075 3,019 21,094
Disposals (23,811) (23,811)
At 30September 2022 2,976,090 469,557 753,831 4,199,478
Depreciation
At 1 April 2022 963,686 374,712 13,766 695,536 2,047,700
Charge for the period 40,008 5,519 5,830 51,357
On disposals (13,766) (13,766)
At 30 September 2022 1,003,694 380,231 701,366 2,085,291
Net book value
At 30 September 2022 1,972,396 89,326 52,465 2,114,187
At31March 2022 1,994,329 91,826 10,045 58,295 2,154,495
Analysis
of net book		 value of land and buildings: 30 September 2022 31 March 2022
E E
Land 93,560 93,560
Buildings 1 860 761 1 900769
1,954,321 1,994,329

Name Company Registered Registered office or principal office or principal office or principal Holding
number place of business
Folkestone Sport Centre Limited 01533437 The Sports Centre, Radnor Park 100'/o
Avenue, Folkestone, Kent, CT19
The financial results ofthe subsidiary for the period were:
Name Income Expenditure Profit/(Loss)
E f. / Surplus/
(Deficit) for
the period
E
Folkestone Sport Centre Limited 98,828 (92,727) 6,101

Group Company
30 Group 30 Company
September 31 March September 31March
2022 2022 2022 2022
F F E
Finished goods and goods for resale 5,251 5,252 2,602 2,603

Group Company
30 Group 30 Company
September 31March September 31March
2022 2022 2022 2022
F E
Due within one year
Trade debtors 15,673 18,712 15,672 18,712
Amounts owed by group undertakings 36,534 45,385
Other debtors 1,515 1,515
Prepayments and accrued income 18,297 17,485 18,280 17,377
33,970 37,712 70,486 82,989

Group Group Company Company
30 As restated 30 As restated
September 31March September 31March
2022 2022 2022 2022
F F E
Bank overdrafts 106,528 106,528
Bank loans 300,400 36,000 300,400 36,000
Trade creditors 101,291 90,380 80,263 73,024
Other taxation and social security 48,734 28,637 46,191 26,819
Other creditors 16,921 14,003 16,921 13,583
Accruals and deferred income 37,124 174,514 33,545 172,594
610,998 343,534 583,848 322,020

Group Group Company Company
30 As restated 30 As restated
September 31March September 31March
2022
F		 2022f 2022
F		 2022
Bank loans 865,345 1,090,272 865,345 1,090,272

Group Company
30 Group 30 Company
September 31March September 31March
2022
F		 2022 2022
F		 2022f
Financial assets
Financial assets measured at fair value
through income and expenditure 25,062 68,975 2,216 49,105

adjustmen t
to the prior year as detailed
below:		 t
to the prior year as detailed
below:
Tangible Fixed Assets (f118,084)
Creditors: Amounts Falling Due in One Year F
7873
Creditors: Amounts Falling Due After More Than One Year f110,211

Statement offunds -current period
Balance at
30
Balance at 1 Transfers September
April 2022
F		 Income
E		 Expenditure
f		 in/out 2022
E
Unrestricted
funds
General
Funds - all		 funds 191,882 628,678 (932,520) 359,608 247,648
Share capital 100 100
Reserves (44,274) 98,828 (92,727) (38,173)
147,708 727,506 (1,025,247) 359,608 209,575
Restricted funds
Capital reserve 402,713 (5,125) 397,588
Sports hall reserve 14,013 (429) 13,584
Disability project reserve 32,551 (2,047) 30,504
Sensory garden 6,668 (110) 6,558
Sensory pool reserve 1,673 (83) 1,590
Changing
rooms		 33,761 (479) 33,282
Forest school reserve 3,872 (22) 3,850
Sports hall lighting reserve 577 (568) 9
Fit together reserve 63,944 1,824 (65,768)
Reconnect leisure grant 9,279 (9,279)
Post COVID business
consultancy 10,500 (10,500)
HCC Capital works reserve 40,534 (40,447) 87
Outdoor
activity reserve		 65,343 (65,343)
Walking
netball		 400 (400)
Training 2,000 2,000
Toning heater 12,296 (12,296)
HAF grant 4,575 (4,575)
Folkestone Sports Centre
project 150,000 (150,000)
Covid-19 safe re-opening 1,000 (1,000)
KCC expanding
facility grant		 3,500 3,500
684,920 176,103 (8,863) (359,608) 492,552
Total offunds 832,628 903,609 (1,034,110) 702,127

As restated Balance at
Balance at As restated Transfers 31March
1 April 2021 Income Expenditure inlout 2022
E E E
Unrestricted
funds
General
Funds - all		 funds 586,841 1,227,240 (1,772,199) 150,000 191,882
Share capital 100 100
Reserves (12,951) 89,631 (120,954) (44,274)
573,990 1,316,871 (1,893,153) 150,000 147,708
Restricted funds
Capital reserve 412,964 (10,251) 402,713
Sports hall reserve 14,984 (971) /4,013
Disability project reserve 36,713 (4,162) 32,551
Sensory garden 6,889 (221) 6,668
Sensory pool reserve 1,858 (185) 1,673
Changing
rooms		 34,718 (957) 33,761
Forest school reserve 3,922 (50) 3,872
Sports hall lighting reserve 1,838 (1,261) 577
Fit together reserve 67,292 (3,348) 63,944
HCC Capital works reserve 1,534 39,000 40,534
Outdoor activity reserve 65,343 65,343
Walking
netball		 400 400
Training 2,000 2,000
Toning heater 12,296 12,296
HAF grant 4,575 4,575
Folkestone
Sports Centre
project 150,000 (150,000)
648,055 208,271 (21,406) (150,000) 684,920
Total offunds 1,222,045 1,525,142 (1,914,559) 832,628

Summary offunds - cu rrent period
Balance at
30
Balance at 1 Transfers September
April 2022 Income Expenditure in/out 2022
E F
General funds 147„708 727,506 (1,025,247) 359,608 209,575
Restricted funds 684,920 176,103 (8,863) (359,608) 492,552
832,628 903,609 (1,034,110) 702,127
Summary
offunds - pri		 or period
As restated Balance at
Balance at As restated Transfers 31 March
1April 2021 Income Expenditure inlout 2022
E E E
General funds 573,990 1,316,871 (1,893, 153) 150,000 147,708
Restricted funds 648,055 208,271 (21,406) (150,000) 684,920
1,222,045 1,525,142 (1,914,559) 832,628

Analysis of net assets between funds -current period
Restricted Unrestricted Total
funds funds funds
30 30 30
September September September
2022
F		 2022f 2022
E
Tangible fixed assets 486,965 1,627,222 2,114,187
Current assets 5,587 58,696 64,283
Creditors due within one year (610,998) (610,998)
Creditors due in more than one year (865,345) (865,345)
Total 492,552 209,575 702,127
Analysis ofnet assets between funds - prior period
Restricted Unrestricted Total
funds funds funds
31March 31March 31March
2022 2022 2022
E
Tangible fixed assets 612,602 1,541,893 2,154,495
Current assets 72,318 39,621 111,939
Creditors due within one year (343,534) (343,534)
Creditors due in more than one year (1,090,272) (1,090,272)
Ttl 684,920 147,708 832,628

Group
period Group
ended As restated
30 year ended
September 31March
2022 2022
F E
Net expenditure
for the period		 (as per Statement of Financial Activities) (130,501) (389,417)
Adjustments for:
Depreciation charges 51,357 116,210
Loss/(profit) on the sale offixed assets (7,821)
Decrease/(increase) in stocks 1 (127)
Decrease
in		 debtors 3,742 38,467
Increase/(decrease) in creditors (103,464) 229,721
Interest
paid		 38,180 92,680
Net cash provided by/(used in) operating activities (148,506) 87,534

Group
30 Group
September 31March
2022 2022
Cash in hand 25,062 68,975
Overdraft facility repayable on demand (106,529)
Total cash and cash equivalents (81,467) 68,975

At 30
At 1 April September
2022 Cash flows 2022
E
E
Cash at bank and in hand 68,975 (43,913) 25,062
Bank overdrafts repayable on demand (106,528) (106,528)
Debt due within 1 year (36,000) (264,400) (300,400)
Debt due after 1 year (1,090,272) 224,927 (865,345)
(1,057,297) (189,914) (1,247,211)

payments und er non-cancellable
operating
lea		 ses as follows:
Group Company
Group Company
30 As restated 30 As restated
September 31March September 31March
2022 2022 2022 2022
E E
Not later than 1 year 33,134 36,629 33,134 36,129
Later than 1 year and not later than 5 years 90,601 97,889 90,601 97,889
123,735 134,518 123,735 134,018