DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
Registered number: 02647271 Charity number: 1008980
LYNX GYMNASTICS CLUB LIMITED
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022
DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED (A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Independent examiner's report | 5 - 6 |
| Statement of financial activities | 7 |
| Income and expenditure account | 8 |
| Balance sheet | 9 - 10 |
| Notes to the financial statements | 11 - 22 |
DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED (A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022
| Trustees | A Gibson |
|---|---|
| P Gibson | |
| J J Hodges | |
| Company registered number 02647271 Charity registered number 1008980 Registered office 70 Rabans Close Rabans Lane Industrial Estate Aylesbury Buckinghamshire HP19 8RS Company secretary A Gibson Accountants Hillier Hopkins LLP 249 Silbury Boulevard Milton Keynes Buckinghamshire MK9 1NA Bankers HSBC Aylesbury Buckinghamshire HP20 1TW Solicitors Horwood & James 7 Temple Square Aylesbury Buckinghamshire HP20 2QB |
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DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED (A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022
The Trustees present their annual report together with the financial statements of the company for the 1 April 2021 to 31 March 2022. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
The objective of the Club is to provide gymnastics facilities to the Aylesbury Vale and surrounding area. To give all ages a chance to participate in gymnastics.
The Club runs parent and toddler sessions pre-school classes and general gym classes also teengym classes this cover all ages up to 18yrs. It also runs Birthday parties.
Achievements and performance
a. Review of activities
The Club was looking forward to the many competitions coming up.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
All surpluses and deficits are placed to the general reserve.
c. Principal funding
Our principal income is through gymnastics fees which come in on monthly cycles and on our Competition squad fees which come in monthly. We also have playgym session fees and parties hire fees.
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DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
d. Financial performance
During the year total income was £529,669 (2021: £388,070), which generated a surplus of £39,092 (2021: a surplus of £21,919) and resulted in total funds at the year end of £752,312 (2021: £713,220).
Structure, governance and management
a. Constitution
Lynx Gymnastics Club Limited is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association.
The principal object of the company is to provide gymnastic education and facilities to advance the physical education and development of children attending schools and resident in the Aylesbury area.
b. Methods of appointment or election of Trustees
The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
Senior Trustees are elected at the annual general meeting each year. The committee have the power to appoint additional members to the committee so long as this does not exceed one third of the elected committee.
c. Organisational structure and decision-making policies
The trustees have delegated the day to day running of the organisation to the managers.
d. Financial risk management
The Trustees have assessed the major risks to which the company is exposed, in particular those related to the operations and finances of the company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
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DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ P Gibson Date: 28-01-2023 | 15:44 GMT
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LYNX GYMNASTICS CLUB LIMITED (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022
Independent examiner's report to the Trustees of Lynx Gymnastics Club Limited ('the company')
I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March 2022.
Responsibilities and basis of report
As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
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 the company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection 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; or
-
the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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LYNX GYMNASTICS CLUB LIMITED (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022
This report is made solely to the company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work or for this report.
Signed: Dated: 30-01-2023 | 09:19 GMT Neal Carter ACA
Hillier Hopkins LLP 249 Silbury Boulevard Milton Keynes Buckinghamshire MK9 1NA
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DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| Note Income from: Donations and legacies 3 Charitable activities 4 Total income Expenditure on: Raising funds Charitable activities 5 Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2022 £ 77,519 452,150 529,669 1,675 488,902 490,577 39,092 713,220 39,092 752,312 |
Total funds 2022 £ 77,519 452,150 529,669 1,675 488,902 490,577 39,092 713,220 39,092 752,312 |
Total funds 2021 £ 259,150 128,920 |
|---|---|---|---|
| 388,070 | |||
| 128 366,023 |
|||
| 366,151 | |||
| 21,919 | |||
| 691,301 21,919 |
|||
| 713,220 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 11 to 22 form part of these financial statements.
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DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED (A company limited by guarantee)
SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022
| Gross income in the reporting period Less: Total expenditure Net income for the reporting period |
Total funds 2022 £ 529,669 (490,577) 39,092 |
Total funds 2021 £ 388,070 (366,151) 21,919 |
|---|---|---|
The notes on pages 11 to 22 form part of these financial statements.
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DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED (A company limited by guarantee) REGISTERED NUMBER: 02647271
BALANCE SHEET AS AT 31 MARCH 2022
| Note Fixed assets Tangible assets 10 Current assets Stocks 11 Debtors 12 Cash at bank and in hand Creditors: amounts falling due within one year 13 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 14 Net assets excluding pension asset Total net assets Charity funds Restricted funds 15 Unrestricted funds 15 Total funds |
620 - 102,206 102,826 (25,946) |
2022 £ 707,819 707,819 76,880 784,699 (32,387) 752,312 752,312 - 752,312 752,312 |
620 20,905 53,507 75,032 (11,433) |
2021 £ 697,421 697,421 63,599 761,020 (47,800) 713,220 713,220 - 713,220 713,220 |
|---|---|---|---|---|
The company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
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DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED (A company limited by guarantee) REGISTERED NUMBER: 02647271
BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2022
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................
P Gibson
Date: 28-01-2023 | 15:44 GMT
The notes on pages 11 to 22 form part of these financial statements.
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DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. General information
Lynx Gymnastics Limited is a company limited by guarantee incorporated in England and Wales within the United Kingdom. The address of the registered office is 70 Rabans Lane, Rabans Lane Industrial Estate, Aylesbury, Buckinghamshire, HP19 8RS.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Lynx Gymnastics Club Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income
All income is recognised once the company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
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DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
2. Accounting policies (continued)
2.3 Expenditure (continued)
Expenditure on raising funds includes all expenditure incurred by the company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the company's objectives, as well as any associated support costs.
2.4 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.
2.5 Tangible fixed assets and depreciation
Tangible fixed assets costing £300 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following basis:
- Fixtures and fittings 15% reducing balance
2.6 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
2. Accounting policies (continued)
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
2.10 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.11 Pensions
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes.
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DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
3. Income from donations and legacies
| Grants Government grants Donations Grants Government grants Income from charitable activities Income from charitable activities Income from charitable activities |
Unrestricted funds 2022 £ 12,000 65,519 77,519 Unrestricted funds 2021 £ 50 58,964 200,136 259,150 Unrestricted funds 2022 £ 452,150 Unrestricted funds 2021 £ 128,920 |
Total funds 2022 £ 12,000 65,519 |
|
|---|---|---|---|
| 77,519 | |||
| Total funds 2021 £ 50 58,964 200,136 |
|||
| 259,150 | |||
| Total funds 2022 £ 452,150 |
|||
| Total funds 2021 £ 128,920 |
4. Income from charitable activities
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DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
5. Analysis of expenditure on charitable activities
Summary by fund type
| Charity activities Charity activities |
Unrestricted funds 2022 £ 488,902 Unrestricted funds 2021 £ 366,023 |
Total 2022 £ 488,902 |
|---|---|---|
| Total 2021 £ 366,023 |
6. Analysis of expenditure by activities
| Activities | |||
|---|---|---|---|
| undertaken | Support | Total | |
| directly | costs | funds | |
| 2022 | 2022 | 2022 | |
| £ | £ | £ | |
| Charity activities | 420,146 | 68,756 | 488,902 |
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DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
6. Analysis of expenditure by activities (continued)
| Charity activities Analysis of direct costs Staff costs Gym Equipment Purchases |
Activities undertaken directly 2021 £ 315,376 |
Support costs 2021 £ 50,647 Total funds 2022 £ 347,185 21,370 51,591 420,146 |
Total funds 2021 £ 366,023 |
|---|---|---|---|
| Total funds 2021 £ 305,937 - 9,439 |
|||
| 315,376 |
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DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
6. Analysis of expenditure by activities (continued)
Analysis of support costs
| Depreciation Premises costs Travel and motor costs Office expenses and sundry Equipment hire and repairs Bank interest and charges Governance costs |
Total funds 2022 £ 5,377 26,856 343 3,496 24,216 1,030 7,438 68,756 |
Total funds 2021 £ 3,998 19,993 3,486 2,137 12,599 43 8,391 |
|---|---|---|
| 50,647 |
7. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £4,012 ( 2021 - £4,012 ).
8. Staff costs
| 2022 £ Wages and salaries 315,400 Social security costs 25,811 Contribution to defined contribution pension schemes 5,974 347,185 The average number of persons employed by the company during the year was as follows: 2022 No. Coaches and clerical 10 |
2021 £ 278,481 21,862 5,594 |
|---|---|
| 305,937 | |
| 2021 No. 10 |
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DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
8. Staff costs (continued)
No employee received remuneration amounting to more than £60,000 in either year.
Remuneration and benefits received by key management personnel during the year amounted to £57,005 (2021: £87,866).
9. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2021 - £NIL) .
During the year ended 31 March 2022, no Trustee expenses have been incurred (2021 - £NIL) .
10. Tangible fixed assets
| Cost or valuation At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for the year At 31 March 2022 Net book value At 31 March 2022 At 31 March 2021 |
Long-term leasehold property £ 676,347 - 676,347 - - - 676,347 676,347 |
Fixtures and fittings £ 92,631 15,775 108,406 71,557 5,377 76,934 31,472 21,074 |
Total £ 768,978 15,775 |
|---|---|---|---|
| 784,753 | |||
| 71,557 5,377 |
|||
| 76,934 | |||
| 707,819 | |||
| 697,421 |
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DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
11. Stocks
| Finished goods and goods for resale Debtors Due within one year Other debtors Grants receivable |
2022 £ 620 2022 £ - - |
2021 £ 620 |
|---|---|---|
| 2021 £ 5,208 15,697 |
12. Debtors
13. Creditors: Amounts falling due within one year
| Bank loans Trade creditors Other taxation and social security Other creditors Accruals and deferred income Creditors: Amounts falling due after more than one year Bank loans |
2022 £ 9,707 2,330 4,947 5,962 3,000 25,946 2022 £ 32,387 |
2021 £ 2,200 - - 6,352 2,881 |
|---|---|---|
| 11,433 | ||
| 2021 £ 47,800 |
14. Creditors: Amounts falling due after more than one year
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DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
15. Statement of funds
Statement of funds - current year
| Balance at 1 April 2021 £ Unrestricted funds Reserves 713,220 Statement of funds - prior year Balance at 1 April 2020 £ Unrestricted funds Reserves 691,301 |
Income £ 529,669 Income £ 388,070 |
Expenditure £ (490,577) Expenditure £ (366,151) |
Balance at 31 March 2022 £ 752,312 |
|---|---|---|---|
| Balance at 31 March 2021 £ 713,220 |
16. Summary of funds
Summary of funds - current year
| Balance at 1 April 2021 £ General funds 713,220 Summary of funds - prior year Balance at 1 April 2020 £ General funds 691,301 |
Income £ 529,669 Income £ 388,070 |
Expenditure £ (490,577) Expenditure £ (366,151) |
Balance at 31 March 2022 £ 752,312 |
|---|---|---|---|
| Balance at 31 March 2021 £ 713,220 |
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DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
17. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total |
Unrestricted funds 2022 £ 707,819 102,826 (25,946) (32,387) 752,312 |
Total funds 2022 £ 707,819 102,826 (25,946) (32,387) 752,312 |
|---|---|---|
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total |
Unrestricted funds 2021 £ 697,421 75,032 (11,433) (47,800) 713,220 |
Total funds 2021 £ 697,421 75,032 (11,433) (47,800) 713,220 |
|---|---|---|
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DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
LYNX GYMNASTICS CLUB LIMITED (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
18. Pension commitments
The Charitable company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Charitable company in an independently administered fund. The pension cost charge represents contributions payable by the Charitable company to the fund and amounted to £5,974 (2021 - £5,594). An amount of £1,843 (2021 - £5,363) were payable to the fund at the balance sheet date and are included in creditors
19. Related party transactions
During 2020 a loan of £5,000 was received from B Adams, £989 was oustanding at 31/03/22 (2021: £989). No interest is charged on the loan.
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