Charity number: 1057559 Company number: 03221655
Forest of Dean Gymnastics Club (A company limited by guarantee)
Trustees' report and financial statements
for the year ended 31 July 2022
Forest of Dean Gymnastics Club (A company limited by guarantee)
Contents
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees' report | 2 - 5 |
| Independent examiners' report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 - 9 |
| Notes to the financial statements | 10 - 16 |
Forest of Dean Gymnastics Club (A company limited by guarantee)
Legal and administrative information
| Charity number | 1057559 |
|---|---|
| Company registration number | 03221655 |
| Registered office | Five Acres |
| Park Road | |
| Coleford | |
| Gloucestershire | |
| GL16 7QW | |
| Trustees | Christopher Hammersley (Secretary) |
| Robin Pittson | |
| Wendy Heiner | |
| Graham Goode | |
| Abigail Simpson | |
| John Newland (Chairman) | |
| Secretary | C Hammersley |
| Chief executive | Mrs L. C. Hammersley |
| Accountants | Oversby & Company |
| Unit 1C Mushet Business Centre | |
| Crucible Close | |
| Coleford | |
| Gloucestershire | |
| GL16 8RE | |
| Bankers | Lloyds Bank |
Forest of Dean Gymnastics Club (A company limited by guarantee)
Report of the trustees (incorporating the directors' report) for the year ended 31 July 2022
The trustees present their report and the financial statements for the year ended 31 July 2022. The trustees, who are also directors of Forest of Dean Gymnastics Club for the purposes of company law and who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
Governing Documents (The Companies Act 1985 and 1989)
The Charity is controlled by its governing document, a deed of trust, and constitutes a limited Company, limited by guarantee, as defined by the Companies Act 2006.
The company is governed by a Memorandum of Association of the Forest of Dean Gymnastics Club,and by Articles of Association of the Forest of Dean Gymnastics Club, for a limited Company by Guarantee and not having a Share Capital
Organisational Structure
The Board of Trustees, who also act as directors, hold licenses and are the tenants. They make agreements and contracts with outside agencies, act as the employers and hire staff. They are responsible for the maintenance and the Health & Safety of the building and its environments. The Board set and apply suitable accounting policy, agree spending and prepare financial statements and reports. They control bank accounts and investments, salaries and wages and have full financial oversight of the Company/Charity affairs and transactions.
They delegate day-to-day running of the Charity and all its operational issues and decisions to its Managing Director, the Director of Coaching and Centre Development. She works with the Centre Administrator, the Fitness Coordinator and gymnastics coaches to provide efficient and appropriate delivery of the Charity's activities. She has the authority to manage and control staff, set budgets and targets for future developments. She is initially responsible to the Board for Health & Safety and for staff development and training. In cooperation with the Board she manages th HR issues.
The Director of Coaching & Centre Development has an ex officio, nonvoting position on the Board.
Related Parties
Five Acres High School are the Landlords of the Land on which the Charity's buildings are located and of access rights and car parking.
The rights are confirmed in a Lease dated 20th August 1996 for a period of Fifty years, paying the yearly rent of £1 on the anniversary of the lease.
Principle Activity
The principle activity of the Company/Charity is to provide the opportunity, facilities and qualified, suitably trained staff to support, teach, instruct and otherwise encourage physical education and health in the area of benefit with particular emphasis on physical development via the mediums of gymnastics and fitness. To fulfil this purpose it provides such organisation, supervision and equipment at the Company/Charity's Centre, or in schools and clubs elsewhere.
Objectives
To further the physical education of such inhabitants of the Forest of Dean and surrounding area to ensure due care is given to further the Health & Fitness of such inhabitants in addition to the development of their minds.
To support, teach, instruct, coach and otherwise encourage physical education in the area of benefit through the medium of gymnastics and fitness and to improve the quality of life for those suffering any social deprivation and from physical disabilities in the area of benefit by use of sporting, fitness and gymnastics equipment and facilities.
Forest of Dean Gymnastics Club (A company limited by guarantee)
Report of the trustees (incorporating the directors' report) for the year ended 31 July 2022
To provide and train those involved in the provision of physical education using gymnastics and fitness within the area of benefit.
Review for the Year
2020-2021 has been an extremely difficult year. The business was severely impacted by two National Lockdown periods. The Centre closed on 5th November with almost all the staff placed on furlough. There was at the time a large deficit on income over expenditure. A total of 4 government grants were received through this accounting year. These proved vital in sustaining the Charity through these periods of closure. All income streams were closed during lockdowns. The 3rd National Lockdown began on 3rd January 2021. The Centre finally re opened on 12th April 2021 with many restrictions still in place limiting entry to only Staff, Gymnasts and Fitzone members. No other adults or children were allowed to enter the building. This also had an impact on sales income. This policy remained in place for the rest of this financial period.
Financial review
Expenditure
2021-2022 has been another difficult year, re building after the Covid-19 epidemic. As reported in last year's accounts, attendances to the Centre continued to be impacted negatively with low growth of revenues. Fitness attendances were reduced and lack of available qualified staff exacerbated the issues. During the period some new staff were recruited for gymnastics coaching and late in the period Fitness instructors. Two left very soon after appointment for personal reasons. Gradually gymnastic classes went back to pre-pandemic levels. The Management also hosted several gymnastic competitions which helped boost general income above 2021 levels.
Forest of Dean Gymnastics Club (A company limited by guarantee)
Report of the trustees (incorporating the directors' report) for the year ended 31 July 2022
Reserves Policy
The charity's/Company reserves of Restricted Funds are currently held in two separate accounts with the Aldermore Bank. One account is a fixed term account the other an Instant Access account. Both pay varying interest rates. Consideration is given to any contractual liabilities in respect of premises and asset/equipment servicing, redundancy liabilities to staff and any other significant factors should the Company/Charity need to close and also to preserve the ability of the Charity/Company to maintain its principal activities without interruption. Having reviewed the financial position at the accounting date the Trustees are of the opinion that the current assets of the Charity/Company are sufficient to enable it to maintain its present level of operations.
The Charity's policy is to maintain investments designed to support medium and long-term security. In the medium term the Aldermore fixed term account is designed to provide a holding account, with a slightly higher interest rate. The Instant Access account is used to support the Lloyds Bank current account with any expenditures that fall within the remit of the policy on restricted funds. These restricted funds can only be used for capital expenditures. The funds in the Lloyds current account are used for the basic day-to-day running costs, insurances, new equipment, staff salaries and wages, utilities and maintenance. The HSBC current account has been retained as this is used to collect Direct Debit payments for memberships and fees. The Trustees are aware that there are still two major outstanding issues that may impact on the reserves. 1) Continuing roof leaks & 2) replacement of floor module matting in the gymnastics hall. Both will bear significant costs. The CEO is seeking grant support to help mitigate the costs.
The Lloyds account is also used to provide charitable support to individuals in need, for training, accommodation, entrance fees and travel using through bursary payments. Any small grants are placed into this account for such uses.
The performance of funds and accounts are monitored at monthly Board Meetings using written reports that are prepared for the Trustees by the Company Secretary and the Centre Administrator. Valuations of the long-term investments, are reported to the Board by the Secretary at every Board Meeting. The Trustees are of the opinion that returns in all the Charity's funds and accounts are fulfilling their required function and are satisfactorily in line with their expectations within the current investment climate.
Risk Statement
The trustees have continued working on the process of identifying and reviewing the major risks which the Company/Charity faces on a regular basis. The opening of new fitness facilities locally, continue to impact upon fitness revenues, as does the current general national economic situation. The Board believe that its reserves at the current level, combined with the continual monitoring process, controls and reviews of investments that they have in place over the key financial systems, currently provide sufficient resources for the organisation to meet its obligations.
Forest of Dean Gymnastics Club (A company limited by guarantee)
Report of the trustees (incorporating the directors' report) for the year ended 31 July 2022
Statement of trustees' responsibilities
The trustees (who are also directors of Forest of Dean Gymnastics Club for the purpose of company law) are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company 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 in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
On behalf of the board
C Hammersley
Secretary
Forest of Dean Gymnastics Club (A company limited by guarantee)
Independent examiner's report to the trustees on the unaudited financial statements of Forest of Dean Gymnastics Club.
I report on the accounts of Forest of Dean Gymnastics Club for the year ended 31 July 2022 set out on pages 2 to 16.
Respective responsibilities of trustees and independent examiner
The charity's trustees (who are also the directors of the company for purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under part 16 of the Charities Act 2006 and that an independent examination is needed. It is my responsibility to examine the accounts under section145 of the Charities Act 2011 ('the 2011 Act') to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5) (b) of 2011 the Act; and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(i) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep proper accounting records in accordance with section 386 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
- (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
...........................................................
Oversby & Company
Independent examiner
Unit 1C Crucible Close Coleford Gloucestershire GL16 8RE
Forest of Dean Gymnastics Club
(A company limited by guarantee)
Statement of financial activities (incorporating the income and expenditure account)
For the year ended 31 July 2022
| Unrestricted Restricted funds funds Notes £ £ Incoming resources Incoming resources from generating funds: Voluntary income 2 1,550 - Activities for generating funds 3 177,677 - Investment income 4 - 1,043 Incoming resources from charitable activities 5 1,000 - Total incoming resources 180,227 1,043 Resources expended Costs of generating funds: Cost of generating voluntary income 6 180,036 16,470 Total resources expended 180,036 16,470 Net incoming/(outgoing) resources before transfers 191 ) (15,427 Transfer between funds 6,864 ) (6,864 Net movement in funds/Net income/(expenditure) for the year 7,055 ) (22,291 Net incoming/(outgoing) resources for the year / Net income/(expenditure) for the year 7,055 ) (22,291 Total funds brought forward 90,210 549,874 Total funds carried forward 97,265 527,583 |
2022 Total £ 1,550 177,677 1,043 1,000 181,270 196,506 196,506 ) (15,236 - ) (15,236 ) (15,236 640,084 624,848 |
2021 Total £ 2,069 76,869 1,654 80,744 161,336 205,939 205,939 ) (44,603 - ) (44,603 ) (44,603 684,688 640,085 |
|---|---|---|
The statement of financial activities includes all gains and losses in the year and therefore a separate statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 10 to 16 form an integral part of these financial statements.
Forest of Dean Gymnastics Club (A company limited by guarantee)
Balance sheet as at 31 July 2022
| 2022 | 2021 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | ||||||||||
| Un Resticted | Restricted | Total Funds | Total Funds | ||||||||||
| £ | £ | £ | £ | ||||||||||
| Tangible assets | 11 | 87,075 | 398,058 | 485,133 | 505,637 | ||||||||
| Current assets | |||||||||||||
| Stocks | 1,403 | - | 1,403 | 2,658 | |||||||||
| Debtors | 12 | 2,276 | - | 2,276 | |||||||||
| Cash at bank and in hand | 18,844 | 129,524 | 148,369 | 155,933 | |||||||||
| 22,523 | 129,524 | 152,048 | 158,591 | ||||||||||
| Creditors: amounts falling | |||||||||||||
| Amounts falling due within 1 Year | 12 | (12,333 | ) | - | (12,333 | ) | (26,419 | ) | |||||
| Net current assets | 10,190 | 129,524 | 139,716 | 132,172 | |||||||||
| Net assets | 97,265 | 527,582 | 624,848 | 637,809 | |||||||||
| Funds | 14 | ||||||||||||
| Restricted income funds | 541,311 | 549,872 | |||||||||||
| Unrestricted income funds | 83,537 | 90,210 | |||||||||||
| Total funds | 624,848 | 640,084 |
The Balance Sheet continues on the following page.
The notes on pages 10 to 16 form an integral part of these financial statements.
Forest of Dean Gymnastics Club (A company limited by guarantee)
Balance sheet (continued)
Trustees statements required by the Companies Act 2006 for the year ended 31 July 2022
In approving these financial statements as trustees of the company we hereby confirm:
(a) that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies Act 2006 ;
(b) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 31 July 2022.
(c) that we acknowledge our responsibilities for:
(1) ensuring that the company keeps proper accounting records which comply with section 386 of the Companies Act 2006, and
(2) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of sections 394 and 395, and which otherwise comply with the provisions of the Companies Act relating to financial statements, so far as applicable to the company.
These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies .
The financial statements were approved by the board on and signed on its behalf by
Christopher Hammersley (Secretary) Director
The notes on pages 10 to 16 form an integral part of these financial statements.
Forest of Dean Gymnastics Club (A company limited by guarantee)
Notes to financial statements for the year ended 31 July 2022
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
1.1. Basis of accounting
The financial statements of the charitable company, which is a public benefit entity under FRS102, have bee prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities Statement of Recomended Praticies applicable to charities preparing their accounts in accordance with the Finacial Reporting Standard applicble in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)' Financial reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under historical cost convention.
1.2. Cashflow
The charity has taken advantage of the exemption in FRS1 from the requirement to produce a cashflow statement because it is a small charity.
1.3. Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold.
Grants, including grants for the purchase of fixed assets, are recognised in full in the statement of financial activities in the year in which they are receivable.
Income from the charity shop is included in the year in which it is receivable.
Income from investments is included in the year in which it is receivable.
Forest of Dean Gymnastics Club (A company limited by guarantee)
Notes to financial statements
for the year ended 31 July 2022
1.4. Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
1.5. Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Leasehold properties Straight line over the life of the lease - Plant and machinery 15% Reducing Balance - Fixtures, fittings and equipment 15% Reducing Balance
1.6. Stock
Stock is valued at the lower of cost and net realisable value.
2. Voluntary income
| Voluntary income | ||
|---|---|---|
| Unrestricted funds £ Gifts 1,550 1,550 |
2022 Total £ 1,550 1,550 |
2021 Total £ 2,069 |
| 2,069 |
Forest of Dean Gymnastics Club (A company limited by guarantee)
Notes to financial statements for the year ended 31 July 2022
| 3. Activities for generating funds Unrestricted funds £ Fundraising 418 Gymnastics Fees 142,630 Competition Fees 3,109 Fitzone Income 15,484 Hire of Gymnasium 3,531 BAGA Subscriptions - Sale of Goods 11,232 Sundry Income 1,273 177,677 4. Investment income Restricted funds £ Bank interest receivable 1,043 1,043 5. Incoming resources from charitable activities Unrestricted funds £ Grants 1,000 1,000 6. Cost of generating voluntary income Unrestricted Restricted funds funds £ £ Activity 1 139,036 16,470 Support costs 41,000 - 180,036 16,470 |
2022 Total £ 418 142,630 3,109 15,484 3,531 - 11,232 1,273 177,677 2022 Total £ 1,043 1,043 2022 Total £ 1,000 1,000 2022 Total £ 155,506 41,000 196,506 |
2021 Total £ - 54,750 23 8,543 5,114 5,283 3,150 6 |
|---|---|---|
| 76,869 | ||
| 2021 Total £ 1,654 |
||
| 1,654 | ||
| 2021 Total £ 80,744 |
||
| 80,744 | ||
| 2021 Total £ 165,939 40,000 |
||
| 205,939 |
Forest of Dean Gymnastics Club (A company limited by guarantee)
Notes to financial statements for the year ended 31 July 2022
| 7. Analysis of support costs Cost of generating voluntary income £ Staff costs 39,500 Accountancy charges 1,500 41,000 8. Net outgoing resources for the year Net outgoing resources is stated after charging: Depreciation and other amounts written off tangible fixed assets 9. Employees Employment costs Wages and salaries Other costs No employee received emoluments of more than £60,000 (2021 : None). Number of employees |
2022 Total £ 39,500 1,500 41,000 2022 £ 31,836 2022 £ 92,751 39,500 132,251 20 |
2021 Total £ 38,500 1,500 |
||
|---|---|---|---|---|
| 40,000 | ||||
| 2021 £ 32,548 2021 £ 97,716 38,869 136,585 20 |
||||
10. Taxation
The charity's activities fall within the exemptions afforded by the provisions of the Income and Corporation Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
Forest of Dean Gymnastics Club (A company limited by guarantee)
Notes to financial statements for the year ended 31 July 2022
| Long | Fixtures, | ||||||
|---|---|---|---|---|---|---|---|
| 11. | Tangible fixed assets | leasehold | Plant and | fittings and | |||
| property | machinery | equipment | Total | ||||
| £ | £ | £ | £ | ||||
| Cost | |||||||
| At 1 August 2021 | 823,524 | 360,095 | 115,791 | 1,299,410 | |||
| Additions | - | 11,333 | - | 11,333 | |||
| At 31 July 2022 | 823,524 | 371,428 | 115,791 | 1,310,743 | |||
| Depreciation | |||||||
| At 1 August 2021 | 408,996 | 300,479 | 84,299 | 793,774 | |||
| Charge for the year | 16,470 | 10,642 | 4,724 | 31,836 | |||
| At 31 July 2022 | 425,466 | 311,121 | 89,023 | 825,610 | |||
| Net book values | |||||||
| At 31 July 2022 | 398,058 | 60,307 | 26,768 | 485,133 | |||
| At 31 July 2021 | 414,528 | 59,616 | 31,492 | 505,636 | |||
| 12. | Debtors | ||||||
| 2022 | 2021 | ||||||
| £ | £ | ||||||
| Trade debtors | 2,276 | 2,276 | |||||
| 13. | Creditors: amounts falling due | ||||||
| within one year | 2022 | 2021 | |||||
| £ | £ | ||||||
| Trade creditors | 9,433 | 23,519 | |||||
| Other taxes and social security | 1,400 | 1,400 | |||||
| Accruals and deferred income | 1,500 | 1,500 | |||||
| 12,333 | 26,419 |
Forest of Dean Gymnastics Club (A company limited by guarantee)
Notes to financial statements for the year ended 31 July 2022
14. Analysis of net assets between funds
| Unrestricted Restricted funds funds £ £ Fund balances at 31 July 2022 as represented by: Intangible fixed assets - 398,058 Tangible fixed assets 87,075 - Current assets 21,160 129,524 Current liabilities ) (12,333 - 95,902 527,582 |
Total funds £ 398,058 87,075 150,684 ) (12,333 623,484 |
|---|---|
| 15. | Unrestricted funds | At | At | ||||
|---|---|---|---|---|---|---|---|
| 1st August | Incoming | Outgoing | 31st July | ||||
| 2021 | resources | resources | Transfers | 2022 | |||
| £ | £ | £ | £ | £ | |||
| Unrestricted | 90,210 | 180,227 | (180,036 | ) | 6,864 | 97,265 |
Purposes of unrestricted funds
Funds are used in the provision of the services offered by the Charity.
| 16. | Restricted funds | At | At | |||||
|---|---|---|---|---|---|---|---|---|
| 1st August | Incoming | Outgoing | 31st July | |||||
| 2021 | resources | resources | Transfers | 2022 | ||||
| £ | £ | £ | £ | £ | ||||
| Restricted Funds | 549,874 | 1,043 | (16,470 | ) | (6,864 | ) | 527,583 |
Purposes of restricted funds
Costs restricted to the maintenance of the building in accordance with the grant funding application and the funds released from that fund. They are not to be used for the running costs of the operation of the Charity.
Forest of Dean Gymnastics Club
(A company limited by guarantee)
Notes to financial statements
for the year ended 31 July 2022
17. Company limited by guarantee
Forest of Dean Gymnastics Club is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
Forest of Dean Gymnastics Club
(A company limited by guarantee)
The following pages do not form part of the statutory accounts.
Forest of Dean Gymnastics Club (A company limited by guarantee)
Detailed statement of financial activities
For the year ended 31 July 2022
| 2022 | 2021 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Incoming resources | ||||
| Incoming resources from generating funds: | ||||
| Voluntary income | ||||
| Gifts | 1,550 | 2,069 | ||
| 1,550 | 2,069 | |||
| Activities for generating funds | ||||
| Fundraising | 418 | - | ||
| Gymnastics Fees | 142,630 | 54,750 | ||
| Competition Fees | 3,109 | 23 | ||
| Fitzone Income | 15,484 | 8,543 | ||
| Hire of Gymnasium | 3,531 | 5,114 | ||
| BAGA Subscriptions | - | 5,283 | ||
| Sale of Goods | 11,232 | 3,150 | ||
| Sundry Income | 1,273 | 6 | ||
| 177,677 | 76,869 | |||
| Investment income | ||||
| Bank interest receivable | 1,043 | 1,654 | ||
| 1,043 | 1,654 | |||
| Total incoming resources from generating funds | 180,270 | 80,592 | ||
| Incoming resources from charitable activities | ||||
| Grants | 1,000 | 80,744 | ||
| 1,000 | 80,744 | |||
| Total incoming resources | 181,270 | 161,336 | ||
| Resources expended | ||||
| Costs of generating funds: |
Forest of Dean Gymnastics Club (A company limited by guarantee)
Detailed statement of financial activities
For the year ended 31 July 2022
| Activity 1 Activity 1 - Opening stock Activity 1 - Purchases Activity 1 - Closing stock Wages Courses & Staff Training Rent & Water Rates Light & heat Insurance Telephone Printing Postage and Stationery Sundries BAGA Subscriptions Repairs & Renewals, Inc Maitenance Agreements. Competion Set Up Bank Charges Depreciation & impairment Support costs Support - Staff - Other Support - Professional - Accountancy fees Total cost of generating voluntary income Fundraising trading: cost of goods sold and other costs Total costs of generating funds |
2,658 8,921 ) (1,403 92,751 - - 1,385 1,547 2,130 786 4,078 1,934 7,281 862 740 31,836 39,500 1,500 |
155,506 41,000 196,506 196,506 |
1,576 2,596 ) (2,658 97,716 369 2,895 7,697 2,061 772 856 5,372 4,673 8,650 50 766 32,548 38,500 1,500 |
165,939 40,000 |
|---|---|---|---|---|
| 205,939 | ||||
| 205,939 |
| Forest of Dean Gymnastics Club | ||||
|---|---|---|---|---|
| (A company limited by guarantee) | ||||
| Detailed statement of financial activities | ||||
| For the year ended 31 July 2022 | ||||
| 2022 | 2021 | |||
| £ | £ | |||
| Charitable activities | ||||
| Net incoming/(outgoing) resources for the year | (15,236 | ) | (44,603 | ) |