## **Kingsbridge Gymnastics Club** ## **Trustees Report** 18/03/2022 Present; M Edmonds, A Masters,( C Povey by correspondence) The Trustees met to discuss and examine the activities and governance of Kingsbridge Gymnastics Club. In challenging year unwinding from The Covid crisis The Club has cotinued to thrive. The Trustees are grateful to The Committee and coaches for their hard work and dedication. The Club has had sound leadership and continues to be conducted in accordance with the charitable object. Finances are also sound but Trustees would like to see more active fundraising from the bottom up. Squad sponsor and competition fundraising will reduce the burden on the recreational income and should be a priority. Club Championships will take place this year for the first time since 2016!, this is very welcome news. The Committee should remain mindful that Club Championships are an integral part of our constitution and every effort should be made to hold it each year. It is also a showcase for the Club and a good source of fundraising. Trustees are aware a properly constituted Chair, Treasurer and Secretary are in post and will monitor progress offering assistance and advice as and when needed. Building projects are planned to include a new accessible entrance for those with mobility challenges, changing rooms, opening up and making safe the balcony / mezzanine area. The Trustees congratulate all those involved with keeping the club operational in accordance with professional standards. The volunteers, administrators, fundraisers and building work devotees should not be overlooked. We are here to support the young people in our community or those with additional needs and the enthusiasm of the coaches and members demonstrates this in volumes. KINGSBRIDGE GYMNASTICS CLUB FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 REGISTERED CHAIUTY NO: 1069625 KINGSBRIDGE GYMNASTICS CLUB llldependent Examillers, Report to the Trustees of Kingsbridge Gymnasties Club Respective responsibilities of the Trustees and Indepelldent Examiner As the charity's trusiees you are responsible for the preparation of the accounts- you consider that the audit r¢quiremenl of se¢iion 43(2) of the Charities Act 1993 (the Acl) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Chariiy Commissioners under section 43(7Xb) of the Act, whether particular rnatters have come to out attenlion. Basig of opinion Our examination was carried out in accordan¢e with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kepi by the charity and a comparison of the accounts presented wilh ihose records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as irustees ¢on¢erning 8ny such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequenily we do not express an audit opinion on the view given by the aecounls. In connection with our examination. no matter has Come io our a¢¢ention which gives us reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 41 of the ac(: and to prepare accounts which accord with the accounting records and to Comply with the accountin8 requirement of the Act. have not been met: or 2. to which. in our opinion, attention should be drawn in order to enable a proper understanding of the accounts is reached. lel£￿ SoLow1￿ Ltd Helen Solomon Ltd Chartered Certified A¢¢ountants Unit 4G, South Hams Business Pat* Churchstow Kingsbridge Devon TQ7 3QH j Éknctober 2022 Page I KINGSBIUDGE GYMNASTICS CLUB INCOME AND EXPENDITURE ACCOUIYT FOR THE YEAR ENDED 31ST DECEMBER 2021 2021 2020 RECEIPTS Subscriptions and Summer Training Insurance and Memberships Kits, badges and Grades Donaiions Fundraising Bank interest Received Grants 47,913 1,590 768 449 751 14,492 140 22 8.563 22.620 74,093 23.328 EXPENDITURE Kit. Badges and Grades Rent Light and Heat Wages Office Administraiion Expenses Insurance Equipment replacements Building Repairs and Maintenance Staff Clothing Advertising and Promotions Subscriptions and BAGA Competitions Legal fees Accountancy Sundry Expenditure Depreciation 1,779 10.083 586 24.579 590 698 9,552 4,257 405 885 308 7.365 138 627 12,454 342 202 640 60 54 100 90 108 2.377 56.397 21,882 Net Surplus Expenditure Over Income 17,696 £ 1,446 Page 2 KINGSBRIDGE GYMNASTICS CLUB BALANCE SHEET FOR THE YEAR ENDED 31ST DECEMBER 2021 2021 2020 FIXED ASSETS Gym Equipment Office Equipment 8,146 9,259 CURRENT ASSETS Current Account Deposit Account 16.784 24.594 41,378 9,166 24.591 33,757 CREDITORS: Amounts due within one year 264 1.080 IYET CURRENT ASSETS 50,373 32,677 TOTAL ASSETS LESS CURRENT LIABILITIES 50J73 £ 32,677 RESERVES Accumulated Funds Brought Forward Plus Surplus for the year 32.677 17,696 31,231 ,446 Unrestricted Funds 50J73 £ 32,677 Transactions with trustees and rel8¢¢d arti During the year the charity made payments to A Masters a trustee of £1,412 for coaching work done. Wages for gymnastic coaching also included payments lo family members of trustees. All payments of this type were at no more than nonnal commercial rates of pay. Page 3 roval There accounts were approved by the trustees on= Signed on behalf of the trustees: Name.. Signed on behalf of the trustees: Name: Page 4