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|forthe Year Ended|31 Decembe|r 2022||||
|---|---|---|---|---|---|
|||||31.12.22|31.12.21|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes|E||
|INCOME AND ENDOWMENTS||FROM||||
|Donations<br>and legacies||||120,000|10,000|
|Charitable<br>activities||||||
|School||||327,425|181,651|
|Other trading<br>activities||||860||
|Other income||||35|43,922|
|Total||||448,320|235,573|
|EXPENDITURE ON||||||
|Charitable<br>activities||||||
|School||||301,030|199,079|
|Other||||1,836||
|Total||||302,866|199,079|
|NET INCOME||||145,454|36,494|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought forward||||98,223|61,729|
|TOTAL FUNDS CARRIED FORWARD||||243,677|98,223|





## 

|Portsmouth<br>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<br>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<br>falling due after more than one|||||
|year|||(93,458)||
|NET ASSETS|||243,677|98,223|
|FUNDS||12|||
|Unrestricted<br>funds|||243,67?|98223|
|TOTAL FUNDS|||243677|98,223|





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|31.12.22|31.12.21|
|---|---|
|860||




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



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|Portsmouth<br>School ofG mnastics|Portsmouth<br>School ofG mnastics|Portsmouth<br>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<br>monthly|number of||employees||during the year was as follows:|||
|||||||31.12.22||31.12.21|
||Coaching and admin||||||5|5|
||No employees<br>received emoluments||||in excess of860,000.||||
|6.|COMPARATIVES FOR THE STATEMENT|||||OF FINANCIAL ACTIVITIES|||
|||||||||Unrestricted|
|||||||||fund|
||INCOME AND ENDOWMENTS|||FROM|||||
||Donations<br>and legacies|||||||10,000|
||Charitable<br>activities||||||||
||School|||||||181,651|
||Other income|||||||43,922|
||Total|||||||235,573|
||EXPENDITURE ON||||||||
||Charitable<br>activities||||||||
||School|||||||199,079|
||NET INCOME|||||||36,494|
||RECONCILIATION<br>OF FUNDS||||||||
||Total funds brought|forward||||||61,729|
||TOTAL FUNDS CARRIED||FORWARD|||||98,223|





## 

|for t<br>|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<br>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<br>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<br>falling due within one year on demand:|||
||Other loans|22,401||
||Amounts<br>falling between one and two years:|||
||Other loans - 1-2years|23,208||
||Amounts<br>falling due between two and five years:|||
||Other loans - 2-5years|56,094||
|11.|LEASING AGREEMENTS|||



|||Finance|leases|
|---|---|---|---|
|||31.12.22|31.12.21|
||||E|
|Net obligations|repayable:|||
|Within one year||10,617||
|Between one and five years||14 156||
|||24,773||





## 

|for th|e Year Ended|31 December 2022||||
|---|---|---|---|---|---|
|12.|MOVEMENT|IN FUNDS||||
|||||Net||
|||||movement|At|
||||At 1.1.22|in funds<br>f|31.12.22<br>f|
||Unrestricted|funds||||
||General fund||98,223|145,454|243,677|
||TOTAL FUNDS||98,223|145,454|243 677|



|Net mov|ement|in fu|nds, includ|ed|in the above a|re as follows:|||
|---|---|---|---|---|---|---|---|---|
|||||||Incoming|Resources|Movement|
|||||||resources<br>f|expended|in funds|
|Unrestricted||funds|||||||
|General|fund|||||448,320|(302,866)|145,454|
|TOTAL|FUNDS|||||448,320|~302 866|145454|
|Comparatives||for|movement|in|funds||||
||||||||Net||
||||||||movement|At|
|||||||At 1.1.21|in funds|31.12.21|
|||||||||f.|
|Unrestricted||funds|||||||
|General|fund|||||61,729|36,494|98,223|
|TOTAL|FUNDS|||||61,729|36,494|98,223|



||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources<br>f|expended<br>E|in funds<br>f|
|Unrestricted|funds|||||
|General fund|||235,573|(199,079)|36,494|
|TOTAL FUNDS|||235,573|~199,079|38,494|
|||Page 14|||continued. ..|





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||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.1.21|in funds|31.12.22|
|Unrestricted|funds||||
|General fund||61,729|181,948|243,677|
|TOTAL FUNDS||61 729|181,948|243,677|



|in the ab|ove|are as follows:||||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources<br>f|expended<br>E|in funds<br>f|
|Unrestricted||funds||||
|General|fund||683,893|(501,945}|181,948|
|TOTAL|FUNDS||683,893|~501,945|181,948|



## 



|Portsmouth<br>School ofG mnastics|||
|---|---|---|
|Detailed Statement ofFinancial Activities|||
|for the Year Ended 31 December 2022|||
||31.12.22|31.12.21|
|INCOME AND ENDOWMENTS|||
|Donations<br>and legacies|||
|Donations||10,000|
|Grants|120000||
||120,000|10,000|
|Other trading activities|||
|Fundraising<br>events|860||
|Charitable<br>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<br>activities|||
|Wages|106,178|94,695|
|Cleaning<br>and repairs|17,669|5,656|
|Coach expenses|42,344|19,874|
|Competitions|3,579|1,454|
|Consumables|118|(576)|
|Gym equipment<br>First Aid|12,251|3,411<br>140|
|BGFees and courses|5,032|12,067|
|Camps and travel|331|2,136|
|Club kit|12,728|10,325|
|Depreciation<br>oftangible fixed assets|46,038||
|Bank interest|2,963||
||249,231|149,182|





## 

|||31.12.22|31.12.21|
|---|---|---|---|
|Charitable<br>activities||||
|Other||||
|Bank interest||1,836||
|Support costs||||
|INanagement||||
|Rent||14,479|13,405|
|Rates and water||5,297|791|
|Insurance||7,411|2,206|
|Light and heat||5,546|4,122|
|Telephone||2,485|2,675|
|Postage and|stationery|2,293|1,285|
|Advertising||218|662|
|Sundries||4,519|5,020|
|Subscriptions||977|894|
|Motor expenses||4,414|2,659|
|Computer expenses||647|2,171|
|Courses||66|545|
|First Aid IHealth and Safety||709|822|
|||49,061|37,257|
|Finance||||
|Bank charges||1,163|93|
|Governance|costs|||
|Accountancy|and legal fees|1 575|12,547|
|Total resources|expended|302,866|199,079|
|Net income||145,454|36,494|