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 1 of 13 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 2 of 13 ## 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)| 12 of 13 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