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||
Page 1
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.
Page 2
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.
Page 3
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
Page 4
DocuSign Envelope ID: A34A5BA1-3D17-453D-8E14-E71EE853C7AE
## **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:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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.
Page 5
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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
Page 6
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.
Page 7
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.
Page 8
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.
Page 10
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.
Page 11
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.
Page 13
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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