2022-12-31-accounts - Portsmouth School Of Gymnastics

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Portsmouth School of	G mnastics
Statement of Financial	Position
31 December 2022
			31.12.22	31.12.21
			Unrestricted	Total
			fund	funds
		Notes	F	E
FIXEDASSETS
Tangible assets			377,302
CURRENT ASSETS
Cash at bank			2,833	103,591
CREDITORS
Amounts falling due within one year			(43,000)	(5,368)
NET CURRENT ASSETS			~40 167	98,223
TOTAL ASSETSLESSCURRENT
LIABILITIES			337,135	98,223
CREDITORS
Amounts falling due after more than one
year			(93,458)
NET ASSETS			243,677	98,223
FUNDS		12
Unrestricted funds			243,67?	98223
TOTAL FUNDS			243677	98,223

31.12.22	31.12.21
860

		31.12.22	31.12.21
Depreciation -	owned assets	46,038
Other operating	leases	14479	13,405

Portsmouth School ofG mnastics	Portsmouth School ofG mnastics	Portsmouth School ofG mnastics
Notes to the Financial Statements			-continued
for the Year Ended 31 December			2022
5.	STAFF COSTS
						31.12.22		31.12.21
								f.
	Wages and salaries					106	178	94,695
						106,178		94695
	The average monthly	number of		employees		during the year was as follows:
						31.12.22		31.12.21
	Coaching and admin						5	5
	No employees received emoluments				in excess of860,000.
6.	COMPARATIVES FOR THE STATEMENT					OF FINANCIAL ACTIVITIES
								Unrestricted
								fund
	INCOME AND ENDOWMENTS			FROM
	Donations and legacies							10,000
	Charitable activities
	School							181,651
	Other income							43,922
	Total							235,573
	EXPENDITURE ON
	Charitable activities
	School							199,079
	NET INCOME							36,494
	RECONCILIATION OF FUNDS
	Total funds brought	forward						61,729
	TOTAL FUNDS CARRIED		FORWARD					98,223

for t	he Year Ended 31December 2022	he Year Ended 31December 2022
7.	TANGIBLE FIXEDASSETS
		Short	Large
		leasehold	equipment	Totals
			F
	COST
	At 1 January 2022		72,456	72,456
	Additions	253,987	169,353	423,340
	At 31 December 2022	253,987	241,809	495,796
	DEPRECIATION
	At 1 January 2022		72,456	72,456
	Charge for year	29,103	16,935	46,038
	At 31 December 2022	29103	89391	118,494
	NET BOOK VALUE
	At 31 December 2022	224884	152,418	377302
	At 31 December 2021
8.	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
			31.12.22	31.12.21
			E	F
	Other loans (see note 10)		22,401
	Finance leases (see note	11)	10,617
	Social security and other taxes		1,860	1,092
	Other creditors		7,422	3,576
	Accrued expenses		700	700
			43,000	5,388

Portsm	outh School ofG mnastics
Notes	to the Financial Statements - continued
for the	Year Ended 31 Oecember 2022
9.	CREDITORS: AIIOUNTS FALLING DUE AFTER MORE THAN	ONE YEAR
		31.12.22 f	31.12.21
	Other loans (see note 10)	79,302
	Hire purchase contracts and finance leases (see note 11)	14,156
		93.456
10.	LOANS
	An analysis ofthe maturity ofloans is given below:
		31.12.22	31.12.21
	Amounts falling due within one year on demand:
	Other loans	22,401
	Amounts falling between one and two years:
	Other loans - 1-2years	23,208
	Amounts falling due between two and five years:
	Other loans - 2-5years	56,094
11.	LEASING AGREEMENTS

Portsmouth School ofG mnastics
Detailed Statement ofFinancial Activities
for the Year Ended 31 December 2022
	31.12.22	31.12.21
INCOME AND ENDOWMENTS
Donations and legacies
Donations		10,000
Grants	120000
	120,000	10,000
Other trading activities
Fundraising events	860
Charitable activities
Fees	327,425	181,651
Other income
Bank interest received	35	9
Covid-19 Grants		43,913
	35	43,922
Total Incoming resources	448,320	235,573
EXPENDITURE
Charitable activities
Wages	106,178	94,695
Cleaning and repairs	17,669	5,656
Coach expenses	42,344	19,874
Competitions	3,579	1,454
Consumables	118	(576)
Gym equipment First Aid	12,251	3,411 140
BGFees and courses	5,032	12,067
Camps and travel	331	2,136
Club kit	12,728	10,325
Depreciation oftangible fixed assets	46,038
Bank interest	2,963
	249,231	149,182