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2021-12-31-accounts

Reference &Administrative
Information
Directors'
&Trustees'
Report		 2-6
Independent
Examiner's
Report to the Trustees of Gymnastics		 In Ipswich
Statement of Financial Activities
Balance Sheet
Statement of Cash Flows 10
Notes to the Financial Statements 11-19

HONORARY
CO- PRESIDENT: Mr J.E. Hodgson (Deceased 21"November, 2021)
Mr. A. Whetstone
THE BOARD OF DIRECTORS
&TRUSTEES: Mr. B. Bartlett Trustee and Director
Mrs. R. Day Trustee, Director and Vice-Chairperson,
Maternity Leave
Mr. M.J.J. Doyle Trustee, Director and Company Secretary
Mr. J. Garnham Trustee and Director
Mr. C.R. Hackett Trustee and Finance Director
Mrs. E. Woollard Trustee, Director and Chairperson
COMPANY SECRETARY: Mr. M.J.J. Doyle

ADMINISTRATION ADMINISTRATION I FINANCE
MANAGER: Mrs.
L.J.		 Stopher
FACILITIES MANAGER Mr. S. Kemp
COMPANY NUMBER: 3412274
CHARITY NUMBER: 1064714
REGISTERED OFFICE: 7 Braziers Wood Road
IPSWICH
Suffolk
IP3 OSP
BANK: Lloyds Bank pic
Cornhill
IPSWICH
IP1 1AQ
INDEPENDENT EXAMINER: Helen Rumsey
Ensors Accountants LLP
Connexions
159Princes Street
IPSWICH
IP1 1QJ

Notes Unrestricted Designated Restricted Total Total
Funds Funds Funds 2021 2020
6 K L E L
INCOME FROM:
Donations,
Grants		 and Legacies 161,613 2,747 164,360 187,093
Charitable
Activities		 479,684 479,684 437,584
Trading
Activities		 40,527 40,527 20,839
Other Income 1 131 1 131 662
Investment
Income		 46 46 172
TOTAL INCOME 683,001 2,747 685,748 646,350
EXPENDITURE ON:
Raising Funds (17,920) (17,920) (15,999)
Charitable
Activities		 (704,198) (70,508) (774,706) (777,893)
TOTAL EXPENDITURE ~722,118) (70,908) (792,626) ~793,892)
NET INCOME IEXPENDITURE (39,117) (67,761) (106,878) (147,542)
Extraordinary
items		 12 95,000
Transfers
between		 Funds 19 (1,872) 1,872
NETMOVEMENT IN FUNDS 13 (40,989) (65,889) (106,878) (52,542)
RECONCILIATION
OF FUNDS:
Total Funds Brought Forward 467,988 1,413,593 4,154 1,885,735 1,938,277
TOTAL FUNDS CARRIED FORIIVARD 426,999 1,347,704 4,154 1,778,857 1,885,735

Notes 2021 2020 2020
FIXEDASSETS
Tangible Assets 14 1,347,704 1,413,593
CURRENT ASSETS
Stocks 15 5,924 6,645
Debtors 16 6,089 96,000
Cash at Bank and in Hand 487,560 418,072
499,573 520,717
CURRENT LIABILITIES
h dds:A
t flit gd		 hhl y ty ~(44,424 (48,575
NET CURRENT ASSETS 431,153 472,142
NET ASSETS 1,778,857 1,885,735
THE FUNDS OF THE CHARITY:
Unrestricted 426,999 467,988
Designated 19 1,347,704 1,413,593
Restricted 20 4,154 4,154
1,778,857 1,885,735
Forthe financial year in question the company was entitled to exemption from audit under section 477 ofthe Companies Act 2006
relating to small companies.

Total Total
Notes 2021 2020
g f:
Cash Provided
by Operating		 Activities 25 69,442 (89,268)
Cash Flows from Investing Activities:
Interest Income 46 172
Purchases
ofTangible		 Fixed Assets (23,011)
Cash Used in Investing Activities 46 (22,839)
Increase/(Decrease)
in		 Cash and Cash Equivalents in the year 69,488 (112,107)
Cash and Cash Equivalents at the beginning ofthe year 418,072 530,179
Total Cash and Cash Equivalents
atthe end		 ofthe year 487,560 418,072

Unrestricted Designated Restricted Total Total
Funds Funds Funds 2021 2020
F f, 5
2.DONATIONS, GRANTS AND LEGACIES
Donations 2,747 2,747 16,584
Grants 161,613 161,613 170,509 '
161,613 2,747 164,360 187,093
Comparative Total 184.810 22 283 187093
3.CHARITABLE ACTIVITIES
Club Classes 162,745 162,745 162,503
Club Fees 277,676 277,5'75 239,501
Room Hire 20,081 20,081 24,516
Affiliatio and Competition Fees 17,924 17,924 9,969
Other 1,359 1,359 1,095
479,684 479,684 437,584
Comparative Total 437,584 437,584
4.TRADING ACTIVITIES
Tuck Shop and Vending Sales 5,682 5,682 9,161
100Club 1,116 1,116 936
Xmas Pudding / Egg Hunt 122 122 1,068
Quizzes,
Raffles		 and Draws 1,501 1,601 408
Summer Camp 14,598 14,598
Christmas
Show		 2,885 2,SS5 150
Recreational Competitions 6,178 6,178
Presentation Evening 4, 122
Sales of Clothing 7,831 7,831 3,928
Other Fund Raising 614 614 1,066
40,527 40,527 20,839
Comparative Total 19,784 1,055 20 839
5.OTHER INCOME
Miscellaneous Income 1,131 1,131 662
1 131 1 131 662
Comparative Total 662 662
6.INVESTMENT INCOME
Bank & Building Society Interest 46 46 172
46 46 172
Comparative Total 172 172

HE YEAR ENDED 3 1 DECEM BER 2021
Unrestricted Designated Restricted Total Total
Funds Funds Funds 2021 2020
E 5 6 f
7. ANALYSIS OF EXPENDITURE ON RAISING FUNDS
Tuck Shop and
Vending Purchases (Adjusted) (5,020) (5,020) (6,653)
100Club (536) (536) (324)
Xmas Pudding
/ Egg Hunt		 (460) (460) (375)
Summer Camp (5,419) (5,419)
Presentation
Evening		 (2,680)
Christmas
Show		 (160) (160) (16)
Clothing Purchases
Other Fund Raising		 (Adjusted)
Expenses		 (5,502)
~823		 (5,502)
~(023		 (3,068)
~2,003)
(17,920) (17,920) 15,999
Comparative
Total		 15,700 (299) (15,999)
8. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
GYMNASTICS
Staff Costs (594,947) (594,947) (607,251)
Affiliation Fees (3,038) (3,038) (1,190)
Competition
Fees &Expenses		 (4,025) (4,025) (3,245)
Gymnasium
Chalk		 &Tape (1,347) (1,347) (797)
Other (10,860) (3,211) (14,071) (17,891)
Governance
Costs (see Note 10)
Support Costs (see Note 11)		 (15,883)
~(74,098		 ~(67,297 (15,883)
~(4(,395		 (14,342)
(133,177)
(704,198) (70,508) (774,706) (777,893)
Comparative
Total		 703,169 74,724 777,893
9. STAFF COSTS
Staff Costs are detailed as follows;
2021 2020
6 F
Contractual
Pay Costs		 (3,288) (3,934)
Salaries &Wages
Employer's
National
Insurance
Employer's
Pension
Contributions		 (550,345)
(32,613)
~8,701		 (564,874)
(29,932)
~8,511)
(594,947) (607,251)
Number of Employees
earning		 f60,000 p.a. or more Nil Nil
The Average
Number of Employees		 during the year was 51.49 57.68
Their Whole-Time Equivalence was 23.75 26.03

The net move ment
in fund		 s forthe year ended 31 December, 2021 is stated after char ging:
2021 2020
6
Operating Leases- Equipment (2,215) (2,994)
Net Loss on Disposals ofTangible Fixed Assets (1,480) (2,610)
Depreciation ofTangible Fixed Assets for use by the Charity (64,409) (67,962)
Independent Examiner's Fees (2,940) (5,270)
Accountants' Fees (7,759) (7,496)
Other Professional
Fees		 (3,746) (13)

FOR THE YEAR ENDED 31 DEC EMBER 2021
14.TANGIBLE FIXEDASSETS
LEASEHOLD FIXTURES
PROPERTY FITTINGS & TOTALS
EIIU I&MENT
COST
At 1stJanuary
2021		 1,899,092 352,663 2,251,755
Additions
Disposals (6,283) (6,283)
At 31st December 2021 1,899,092 346,380 2,246,472
DEPRECIATION
At 1stJanuary 2021 (607,308) (230,854) (838,162)
Depreciation
Charge		 (46,138) (18,271) (64,409)
Depreciation
on Disposals		 4,803 4,803
At 31stDecember 2021 (653,446) (244,322) (897,768)
NET BOOK VALUE
At 31st December 2021 1,245,646 102,058 1,347,704
At 31st December 2020 1,291,784 121 FEF 1,413,593
2021f 2020f
15.STOCKS
Stocks for Re-sale 5,924 6,645
16.DEBTORS
Trade debtors 4,274 736
Pre-payments 1,815 264
Other debtors 95,000
6,089 96,000
17.CREDITORS
Amounts
falling due within		 one year:
Trade Creditors (5,940) (4,161)
Accruals and Deferred Income (53,541) (36,495)
Social Security and other Taxes (8,939) (7,919)
(68,420) (48,575)
Deferred Income
Balance at 31 December 2020 14,708 35,353
Amounts
released to income earned		 from charitable activities (14,708) (35,353)
Amounts
deferred
in the year		 36,208 14,708
Balance at 31 December 2021 36,208 14,708
Deferred Income relates to receipts in respect of2022 bookings and courses received in advance.

FOR THE YEAR ENDED 3 1 DECE MBER 2 021
19.DESIGNATED FUNDS
Forthe year ended 31 December 2021 Balance Movement in Resources Transfers Balance
1 January Income Expenditure from
31		 December
2021 Unrestricted 2021
Funds
Leasehold Property 1,291,784 (46,138) 1&245,646
Fixtures, Fittings and Equipment 121,809 (19,751) 102,068
Contingency Fund - Emergency Repairs &Renewals (4,619) 4,619
Corona Return
Project		 2,747 (2,747)
1,413,593 2 &4& . r888&t 1,872 1,347,704
Each of the above provisions represent commitments approved by the Trustees for which the funds required have been set aside by the Charity from its'
own resources.
In		 each case, the Transfers to and from Unrestricted Funds serve to finance ths net (surplus) Ideficit resulting from the current year' s
income and expenditure.
For the year ended 31 December 2020 Balance Movement in Resources Transfers Balance
1 January Income Expenditure from 31 December
2020 Unrestricted 2020
Fundsf
Leasehold Pmperty 1,331,939 (47,160) 7,005 1,291,784
Fixtures, Fittings snd Equipment 129,215 (23,412) 16,006 121,809
Contingency Fund - Emergency Repairs & Renewals 6,025 (721) (5,304)
Corona Return Project 16,258 (2,697) (13,561)
"Sage"Accounting
Project		 (734) 734
1,461,154 22,283 (74,724) 4,880 1,413,593
20.RESTRICTED FUNDS
Forthe year ended 31 December 2021 Balance Movement in Resources Ti'ansfers Balance
1 January Income Expenditure from 31 December
2021 Unrestricted 2021
Fundsf
international Events 4,154 4,154
4,154 4,154

FOR THE YE AR ENDED 31 DECEMBER 2021 AR ENDED 31 DECEMBER 2021
21.ANALYSIS OF NET ASSETS BETWEEN FUNDS
Forthe year ended 31December 2021 Unrestricted
E		 Designatedf Restrictedf Total
Tangible Fixed Assets 1,347,704 1,347,704
Current Assets 495,419 4,184 499,573
Current Lisbi5ties (68,420) (68,420)
4154 1778857
For the year ended 31 December 2020 Unrestrided Designated Restricted Total
5 E
Tangible Fixed Assets 1,413,593 1,413,593
Current Assets 516,563 4,154 520,717
Current Uabll5es (48,575) (48,575)
467,988 1,413,593 4,154 1,885,735
22.COMMllMENTS
At 31stDecember 2021,the Charity was committed to making the following payments under non-cencefieble operating leases
2021f 2020
E
Within one year 2,215 2,215
Within two to five years 3,322 5,537
7,752
At 31stDecember, 2021 the Charity had capital commitments to be mst in 2022 costing ENil (2020fNil)