BECCLES ROYALES GYMNASTICS CLUB
Report of the Trustees and Unaudited Financial Statements For The Year Ended 30 April 2024
Charity Registration Number: 1064196
BECCLES ROYALES GYMNASTICS CLUB Report of the Trustees and Unaudited Financial Statements Charity Registration Number: 1064196
Contents
| Administrative Information | 1 |
|---|---|
| Report of the Trustees | 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 - 10 |
| Detailed Statement of Financial Activities | 11- 12 |
BECCLES ROYALES GYMNASTICS CLUB Report of the Trustees and Unaudited Financial Statements Charity Registration Number: 1064196
ADMINISTRATIVE INFORMATION
| Trustees | S A Clarke - Chairperson |
|---|---|
| L C Luckett | |
| B James | |
| Charity number | 1064196 |
| Address | Ellough Industrial Estate |
| Ellough | |
| Beccles | |
| Suffolk | |
| NR34 7TD | |
| Independent Examiner | William Tombs FCA |
| Harwood Business Services Limited | |
| Woodstock | |
| Felton | |
| Morpeth | |
| Northumberland | |
| NE65 9HP |
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BECCLES ROYALES GYMNASTICS CLUB Report of the Trustees and Unaudited Financial Statements Charity Registration Number: 1064196
Report of the Trustees
The trustees present the annual report and financial statements for the year ended 30April 2024.
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 Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Approved by order of the board of trustees on …………………………………………. and signed on its behalf by:
……………………………………..
S A Clarke Chairperson
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BECCLES ROYALES GYMNASTICS CLUB Report of the Trustees and Unaudited Financial Statements Charity Registration Number: 1064196
Independent examiner’s report to the trustees of Beccles Royales Gymnastics Club
I report to the charity trustees on my examination of the accounts of Beccles Royales Gymnastics Club (the Trust) for the year ended 30 April 2024.
Responsibilities and basis of report
As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material 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 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 to enable a proper understanding of the accounts to be reached.
William Tombs FCA
Harwood Business Services Limited
Woodstock
Felton
Morpeth
Northumberland
NE65 9HP
Date: 05 January 2025
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BECCLES ROYALES GYMNASTICS CLUB Report of the Trustees and Unaudited Financial Statements Charity Registration Number: 1064196
Statement of Financial Activities
for the year ended 30April 2024
| Note INCOME AND ENDOWMENTS FROM: Donations and legacies Other trading activities Investment income 2 3 Total Income EXPENDITURE ON: Raising funds Charitable activities Total Expenditure NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2024 2023 £ £ 118,329 13 18,392 78,982 2,480 17,509 136,734 55,097 68,899 98,971 42,258 61,241 123,996 103,499 12,738 (4,528) 70,540 75,068 83,278 70,540 |
|---|---|
The annexed notes form part of these financial statements.
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BECCLES ROYALES GYMNASTICS CLUB Report of the Trustees and Unaudited Financial Statements Charity Registration Number: 1064196
Balance Sheet
at 30April 2024
| Note FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 7 Cash at bank and in hand CREDITORS:amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 9 TOTAL FUNDS |
2024 2023 £ £ £ £ 12,907 15,766 _ _ 12,907 15,766 5,534 4,476 65,857 51,318 71,391 55,794 (1,020) (1,020) 70,371 54,774 83,278 70,540 83,278 70,540 83,278 70,540 83,278 70,540 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ……………………………. and were signed on its behalf by:
S A Clarke
Trustee
The annexed notes form part of these financial statements.
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BECCLES ROYALES GYMNASTICS CLUB Report of the Trustees and Unaudited Financial Statements Charity Registration Number: 1064196
Notes
(forming part of the financial statements)
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared 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’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received, and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates to write off each asset over its estimated useful life: Plant and machinery – 10% straight line basis Fixtures and fittings - 20% straight line basis Computer equipment – 33% straight line basis
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease.
2. OTHER TRADING ACTIVITIES
2024 2023 £ £ 13 2,480
Fundraising events
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BECCLES ROYALES GYMNASTICS CLUB Report of the Trustees and Unaudited Financial Statements Charity Registration Number: 1064196
Notes (continued)
| 3. INVESTMENT INCOME Rents received |
2024 £ 18,392 18,392 |
2023 £ 17,509 17,509 |
|---|---|---|
4. TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023.
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| Fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 78,982 |
| Other trading activities | 2,480 |
| Other fixed asset investment – franked investment | 17,509 |
| income | |
| 98,971 | |
| EXPENDITURE ON | |
| Raising funds | 42,258 |
| Charitable activities | |
| Delivering services to members | 61,241 |
| 103,499 | |
| NET INCOME/(EXPENDITURE) | (4,528) |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 75,068 |
| 70 ,540 |
|
| 7 |
BECCLES ROYALES GYMNASTICS CLUB Report of the Trustees and Unaudited Financial Statements Charity Registration Number: 1064196
TOTAL FUNDS CARRIED FORWARD
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BECCLES ROYALES GYMNASTICS CLUB Report of the Trustees and Unaudited Financial Statements Charity Registration Number: 1064196
Notes (continued)
6. TANGIBLE FIXED ASSETS
| Plant and machinery Fixtures and fittings Computer equipment £ £ £ COST At 1 May 2023 16,173 8,030 124 Additions Disposals 365 - - - - - At 30April 2024 16,538 8,030 124 DEPRECIATION At 1 May 2023 6,561 1,876 124 Charge for year Disposals 1,618 - 1,606 - - - At 30 April 2024 8,179 3,482 124 Net book value At 30April 2024 8,359 4,548 - At 30April 2023 9,612 6,154 - |
Total £ 24,327 365 - 24,692 8,561 3,224 - 11,785 12,907 15,766 |
|---|---|
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Prepayments | 5,534 | 4,476 |
| 5,534 | 4,476 |
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 8. CREDITORS: AMOUNTS FALLING |
DUE WITHIN ONE YEAR | |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Other creditors | 1,020 | 1,020 |
| 1,020 | 1,020 |
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BECCLES ROYALES GYMNASTICS CLUB Report of the Trustees and Unaudited Financial Statements Charity Registration Number: 1064196
Notes (continued)
9. MOVEMENTS IN FUNDS
| 9. MOVEMENTS IN FUNDS |
||||
|---|---|---|---|---|
| At 1 | May | Net | At 30 | |
| 2023 | movement | 2024 | ||
| £ | ||||
| Unrestricted funds | ||||
| General fund | 70,540 | 12 | 83 | |
| TOTAL FUNDS | 70,540 | 12 | 83 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incomingreso | Resourcesex |
Movement | ||
| urces | pended | in funds | ||
| £ | £ | |||
| Unrestricted funds | ||||
| General fund | 136,734 | (123 | 12 | |
| TOTAL FUNDS | 136,734 | (123 | 12 | |
| Comparatives for movement in funds | ||||
| At 1 | May | Net | At 30 | |
| 2022 | movement | 2023 | ||
| £ | ||||
| Unrestricted funds | ||||
| General fund | 75,068 | (4 | 70 | |
| TOTAL FUNDS | 75,068 | (4 | 70 | |
| Incomingreso | Resourcesex |
Movement | ||
| urces | pended | in funds | ||
| £ | £ | |||
| Unrestricted funds | ||||
| General fund | 98,971 | (103 | (4 | |
| TOTAL FUNDS | 98,971 | (103 | (4 |
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BECCLES ROYALES GYMNASTICS CLUB Report of the Trustees and Unaudited Financial Statements Charity Registration Number: 1064196
Notes (continued)
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2024.
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BECCLES ROYALES GYMNASTICS CLUB Report of the Trustees and Unaudited Financial Statements Charity Registration Number: 1064196
| INCOME AND ENDOWMENTS Donations and legacies Gifts Training fees Gym memberships Regional affiliations Clothing Competition entries Tuck shop Sundry income Other trading activities Fundraising events Investment income Rents received Total incoming resources |
Detailed Statement of Income For the year ended 30April2024 2024 £ 100 98,324 5,489 3,303 2,152 2,604 6,254 103 118,329 13 18,392 136,734 |
2023 £ 50 66,368 4,067 2,370 1,302 1,632 3,193 - 78,982 2,480 17,509 98,971 |
|---|---|---|
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BECCLES ROYALES GYMNASTICS CLUB Report of the Trustees and Unaudited Financial Statements Charity Registration Number: 1064196
Detailed Statement of Expenditure For the year ended 30April 2024
| 2024 £ £ Raising donations and legacies Wages Insurance Light and heat Telephone Sundries 53,732 428 - 180 427 54,767 Other trading activities Licensing 330 330 Charitable activities Postage and stationery Gym club registration Gym club membership gymnasts Gym club membership officials Gym club membership coaches Coaching fees Clothing Competitions Course fees Mileage and travel Tuck shop purchases Refunds Cleaning 141 461 4,939 - 572 454 1,598 1,553 425 - 2,801 661 419 14,024 Support costs Management Rent 36,800 34,751 Rates and water 2,203 219 Light and heat 2,779 1,925 Depreciation 3,224 45,006 Finance Insurance 1,017 816 Bank charges 1,139 806 Sundries 1,996 3,412 4,152 Information technology Repairs and renewals 4,397 4,462 4,397 Governance costs Accountancy and legal fees 1,320 1,975 1,320 Total resources expended 123,996 |
2023 £ £ 40,174 1,017 - 127 663 41,981 277 277 90 335 3,617 - 251 616 603 644 757 - 1,406 579 779 9,677 3,198 40,093 5,034 4,462 1,975 103,499 |
|---|---|
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