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2020-11-30-accounts

Charity number: 1034696

Wiltshire School of Gymnastics

Report of the Trustees and Unaudited Financial Statements

For the year ended 30 November 2020

Wiltshire School of Gymnastics Contents Page For the year ended 30 November 2020

Report of the Trustees 1
Independent Examiner's Report to the Trustees 2
Statement of Financial Activities 3
Statement of Financial Position 4
Notes to the Financial Statements 5 to 11
Detailed Statement of Financial Activities 12 to 13

Wiltshire School of Gymnastics Report of the Trustees

For the year ended 30 November 2020

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 30 November 2020. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

FINANCIAL REVIEW

Going concern

These financial statement have been prepared on the basis of being a going concern.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity Wiltshire School of Gymnastics Charity registration number 1034696 Principal address Lysander Road Bowerhill Melksham Wiltshire SN12 6SP

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Mr A Griffin (: 30 November 2020) Mr A Hunt Mr D Phillips Mr M Browne Ms C Webb Independent examiners Chippendale and Clark First Floor, Absol House Ivy Road Industrial Estate Chippenham SN15 1SB

Approved by the Board of Trustees and signed on its behalf by

............................................................................. Mr A Hunt

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Wiltshire School of Gymnastics Independent Examiners Report to the Trustees

For the year ended 30 November 2020

I report to the trustees on my examination of the accounts of the charity for the year ended 30 November 2020.

Responsibilities and basis of report

As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiners statement

Since the Charity’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 by virtue of my membership of , 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 that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

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.

Philip Clark

ACMA Chippendale and Clark First Floor, Absol House Ivy Road Industrial Estate Chippenham SN15 1SB

13 April 2021

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Wiltshire School of Gymnastics Statement of Financial Activities For the year ended 30 November 2020

Notes Unrestricted 2019
funds
£ £
Income and endowments from:
Donations and legacies 2 413 -
Charitable activities 3 335,687 643,311
Other trading activites 4 30,335 37,998
Investments 5 2,383 3,190
Other income 6 126,621 12,422
Total 495,439 696,921
Expenditure on:
Raising funds 7 (24,650) (28,693)
Charitable activities 8/9 (538,637) (599,648)
Total (563,287) (628,341)
Net income/expenditure (67,848) 68,580
Reconciliation of funds
Total funds brought forward 1,955,167 1,886,587
Total funds carried forward 1,887,319 1,955,167

3 of 13

Wiltshire School of Gymnastics Statement of Financial Position

As at 30 November 2020

Notes 2020 2019
£ £
Fixed assets
Tangible assets 14 1,542,199 1,579,301
1,542,199 1,579,301
Current assets
Debtors: amounts falling due within one year 15 29,275 12,328
Debtors: amounts falling due after more than one year 15 4,313 4,313
Cash at bank and in hand 333,512 408,026
367,100 424,667
Creditors: amounts falling due within one year 16 (21,980) (48,801)
Net current assets 345,120 375,866
Total assets less current liabilities 1,887,319 1,955,167
Net assets 1,887,319 1,955,167
The funds of the charity
Unrestricted income funds 17 1,887,319 1,955,167
Total funds 1,887,319 1,955,167

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Mr A Hunt Trustee

4 of 13

Wiltshire School of Gymnastics Notes to the Financial Statements

For the year ended 30 November 2020

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.

Wiltshire School of Gymnastics 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 note(s).

Going concern

These financial statement have been prepared on the basis that the charity is a going concern

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Extension Costs 0.5% Straight line Plant and Machinery 10% Straight line Office Equipment 25% Straight line Refurbishments 10% Straight line Gymnastics Equipment 20% Reducing balance

2. Income from donations and legacies

Unrestricted funds
Donations received		 2019
2020
£
£
-
413
-
413

5 of 13

Wiltshire School of Gymnastics Notes to the Financial Statements Continued

For the year ended 30 November 2020

3. Income from charitable activities

2020 2019
£ £
Unrestricted funds
To provide facilities to enable
and encourage children and
young peeople to undertake
gymnastics
Pre School 65,243 108,871
Recreational Gym 188,443 376,707
Womens Gymnatics 45,540 67,441
Holiday Club 7,361 23,306
Gymnast Development 29,100 66,986
335,687 643,311
335,687 643,311
ncome earned from other activities
2020 2019
£ £
Unrestricted funds
Fundraising 3,726 19,623
Parties 4,331 14,296
Gift Aid 22,278 4,079
30,335 37,998
nvestment income
2020 2019
£ £
Unrestricted funds
Income from investment 2,000 2,000
properties
Bank interest receivable 383 1,190
2,383 3,190

4. Income earned from other activities

5. Investment income

6 of 13

Wiltshire School of Gymnastics Notes to the Financial Statements Continued

For the year ended 30 November 2020

6. Other income

Unrestricted funds
Other income
Feedback Tariff
Furlough income and Covid grants
xpenditure on other trading activities
Unrestricted funds
Fundraising
Parties
osts of charitable activities by fund type
Unrestricted funds
To provide facilities to enable
and encourage children and
young peeople to undertake
gymnastics
Support costs
osts of charitable activities by activity type
Activities undertaken directly
To provide facilities to enable
and encourage children and
young peeople to undertake
gymnastics		 2020
£
216
2,032
124,373
126,621
2020
£
23,436
1,214
24,650
2020
£
462,713
75,924
538,637
2020
£
538,637		 2019
£
3,483
8,939
-
12,422
2019
£
25,633
3,060
28,693
2019
£
495,333
104,315
599,648
2019
£
599,648

7. Expenditure on other trading activities

8. Costs of charitable activities by fund type

9. Costs of charitable activities by activity type

7 of 13

Wiltshire School of Gymnastics Notes to the Financial Statements Continued

For the year ended 30 November 2020

10. Analysis of support costs

Analysis of support costs
2020 2019
£ £
Governance costs 75,924 104,315

11. Net income/(expenditure) for the year

This is stated after charging/(crediting):

This is stated after charging/(crediting):
2020 2019
£ £
Depreciation of owned fixed assets 46,380 48,575
Accountancy fees 8,339 9,091
Operating lease charges - hire of plant and machinery 1,027 -
Staff pension contributions 6,189 5,467

12. Staff costs and emoluments

Total staff costs for the year ended 30 November 2020 were:

Salaries and wages
Social security costs
Pension costs		 2020
£
362,439
19,979
6,189
388,607		 2019
£
351,030
10,151
5,467
366,648

13. Comparative for the Statement of Financial Activities

The comparative year values on the Statement of Financial Activites are for unrestricted funds.

8 of 13

Wiltshire School of Gymnastics Notes to the Financial Statements Continued

For the year ended 30 November 2020

14. Tangible fixed assets

Extension Plant and Refurbishme Gymnastics Office
Cost or valuation Costs Machinery nts Equipment Equipment Total
£ £ £ £ £ £
At 01 December 2019 1,400,852 57,193 109,863 145,208 21,285 1,734,401
Additions - - - 9,127 150 9,277
At 30 November 2020 1,400,852 57,193 109,863 154,335 21,435 1,743,678
Depreciation
At 01 December 2019 27,877 28,597 23,095 66,702 8,829 155,099
Charge for year 7,004 5,719 10,986 17,527 5,143 46,380
At 30 November 2020 34,881 34,316 34,082 84,228 13,972 201,479
Net book values
At 30 November 2020 1,365,971 22,877 75,782 70,106 7,463 1,542,200
At 30 November 2019 1,372,975 28,597 86,768 78,506 12,457 1,579,303

The depreciation charge for the year is £(3,723) in respect of assets leased under finance leases or hire purchase contracts.

15. Debtors

Debtors
Amounts due within one year:
Trade debtors
Amounts due by group and associated undertakings
Prepayments and accrued income
Other debtors
Amounts due after more than one year:
Other debtors		 2020
£
120
9,275
17,526
2,354
29,275
4,313
4,313		 2019
£
1,010
8,600
364
2,354
12,328
4,313
4,313

16. Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2020 2019
£ £
Trade creditors 5,605 19,599
Other creditors 13,931 22,141
Accruals and deferred income 2,444 7,061
21,980 48,801

9 of 13

Wiltshire School of Gymnastics Notes to the Financial Statements Continued

For the year ended 30 November 2020

17. Movement in funds

Unrestricted Funds

Balance at Incoming Outgoing Balance at
01/12/2019 resources resources 30/11/2020
£ £ £ £
General
General 1,955,167 495,439 (563,287) 1,887,319
1,955,167 495,439 (563,287) 1,887,319
Unrestricted Funds - Previous year
Balance at Incoming Outgoing Balance at
01/12/2018 resources resources 30/11/2019
£ £ £ £
General
General 1,886,587 696,921 (628,341) 1,955,167
1,886,587 696,921 (628,341) 1,955,167
Purpose of unrestricted Funds
General
To support the activities of the charity.
Analysis of net assets between funds
Tangible Net current Net Assets
fixed assets assets /
(liabilities)
£ £ £
Unrestricted funds
General
General 1,542,199 345,120 1,887,319
1,542,199 345,120 1,887,319

18. Analysis of net assets between funds

10 of 13

Wiltshire School of Gymnastics Notes to the Financial Statements Continued

For the year ended 30 November 2020

Previous year

Previous year
Tangible Net current Net Assets
fixed assets assets /
(liabilities)
£ £ £
Unrestricted funds
General
General 1,579,301 375,866 1,955,167
1,579,301 375,866 1,955,167

11 of 13

Wiltshire School of Gymnastics Detailed Statement of Financial Activities For the year ended 30 November 2020

INCOME AND ENDOWMENT
Donations and legacies
Donations
Charitable activities
Pre School
Recreational Gym
Womens Gymnatics
Holiday Club
WSG Membership
Trampolining
Events & Competitions
Schools & Groups
Team Gym
Other trading activities
Fundraising
Income from Parties
Income from Gift Aid
Investments
Income from investment properties
Bank interest receivable
Other income
Other income
Feedback Tariff
Furlough income and Covid grants
Total incoming resources
EXPENDITURE
Other trading activities
Fundraising
Staff costs - wages & salaries
Staff costs - social security costs
Cost of Parties
Charitable activities
Staff costs - wages & salaries
Staff costs - social security costs
Staff costs - pension contributions
Operating leases - hire of plant & machinery
Rates & Water
Insurance		 £
2020
413
413
65,243
188,443
45,540
7,361
131
11,338
2,894
5,005
9,732
335,687
3,726
4,331
22,278
30,335
2,000
383
2,383
216
2,032
124,373
126,621
495,439
(19,370)
(3,838)
(228)
(1,214)
(24,650)
(358,601)
(19,752)
(6,189)
(1,027)
(20,463)
(6,826)		 £
2019
-
-
108,871
376,707
67,441
23,306
13,233
12,713
10,626
12,621
17,793
643,311
19,623
14,296
4,079
37,998
2,000
1,190
3,190
3,483
8,939
-
12,422
696,921
(18,405)
(6,842)
(386)
(3,060)
(28,693)
(344,189)
(9,765)
(5,467)
-
(29,974)
(6,442)

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This page does not form part of the statutory financial statements

Wiltshire School of Gymnastics

Detailed Statement of Financial Activities Continued

For the year ended 30 November 2020

Travel expenses
Repairs & maintenance
Other costs
Preschool expenses
Recreational Gym expenses
Womens Gym expenses
Team Gym expenses
Events & Competitions expenses
SUPPORT COSTS
Governance costs
Accountancy fees
Legal fees
Depreciation of owned assets
Interest payable
Partial Exemption VAT
Total resources expended
Net Expenditure		 (1,325)
(28,934)
(16,182)
(409)
(387)
(2,664)
358
(312)
(462,713)
(8,339)
(960)
(46,380)
(3,723)
(16,522)
(75,924)
(563,287)
(67,848)		 (9,605)
(46,962)
(28,072)
(755)
(5,186)
(7,462)
(131)
(1,323)
(495,333)
(9,091)
-
(48,575)
(7,049)
(39,600)
(104,315)
(628,341)
68,580

13 of 13

This page does not form part of the statutory financial statements