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|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|
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|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|||
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|||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|
##
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|||||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.||||||||||
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|||||||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|
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|||||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|
##
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|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|
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|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)|
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|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.||
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|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)|||||