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2020-09-30-accounts

Page
Report ofthe Trustees 1 to 7
Independent
Examiner's		 Report
Statement of Financial Activities
Balance Sheet 10
Notes tothe Financial Statements 11 to 18
Detailed Statement of Financial Activities 19 to 20

2020 2019
Unrestricted Restricted Total Total
funds funds funds funds
Notes E E E E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 6,911 6,911 1,987
Charitable
activities
Training 79,049 79,049 109,255
Club Memberships 390 390 5,231
Competition
Entry		 2,492 2,492 2,576
Other trading activities 6,571 6,571 7,951
Investment
income		 87 87 109
Other income 45,472 45,472
Total 140,972 140,972 127,109
EXPENDITURE ON
Raising funds 165 165 2,683
Charitable
activities
Training 114,412 249 114,661 110,466
Competition
Entry		 1,354 1,354 1,407
Total 115,931 249 116,180 114,556
NET INCOME/(EXPENDITURE) 25,041 (249) 24,792 12,553
RECONCILIATION
OF FUNDS
Total funds brought forward 103,407 2,062 105,469 92,916
TOTAL FUNDS CARRIED FORWARD 128,448 1,813 130,261 105,469

2020 2019
E f
Fundraising
events		 582 1,392
Sale ofgymnastic goods 1,258 3,102
Hire ofgymnasium 4,205 2,910
Refreshments 526 543
Miscellaneous 4
6,571 7,951
INVESTMENT INCOME
2020 2019
f E
Deposit account interest 87 109

Support
Direct costs (see
Costs
E		 note 8)f Totals
f
Training 99,893 14,768 114,661
Competition Entry 1,354 1,354
101,247 14,768 116,015
SUPPORT COSTS
Information Governance
Management
f		 Finance
E		 technology
f		 costs
E		 Totals
E
Training 8,652 1,047 1,109 3,960 14,768
Support costs, included in the above, are as follows:
2020 2019
Training Training
E f
Wages 6,772 7,008
Social security 206 180
Telephone 1,573 1,465
Postage and stationery
'		 101 521
Bank charges 1,047 725
Computer and internet costs 1,109 836
Accountancy 3,960 3,300
14,768 14,035

2020 2019
E E
Depreciation -owned assets 7,962 8,313
Over accrual ofaccountancy fees in prior year (660)
Accountancy fees —independent review 3,960 3,960

STAFF COSTS
2020 2019
E E
Wages and salaries 59,440 55,146
Social security costs 591 354
Other pension costs 876 896
60,907 56,396
The average
monthly		 number of employees during the year was as follows:
2020 2019
Management
and administration		 1 1
Charitable
activities		 4 4

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
f E f
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 487 1,500 1,987
Charitable
activities
Training 109,255 109,255
Club Memberships 5,231 5,231
Competition
Entry		 2,576 2,576
Other trading activities 7,951 7,951
Investment
income		 109 109
Total 125,609 1,500 127,109
EXPENDITURE ON
Raising funds 2,683 2,683
Charitable
activities
Training 107,169 3,297 110,466
Competition
Entry		 1,407 1,407
Total 111,259 3,297 114,556
NET INCOME/(EXPENDITURE) 14,350 (1,797) 12,553
RECONCILIATION
OF FUNDS
Total funds brought forward 89,057 3,859 92,916
TOTAL FUNDS CARRIED FORWARD 103,407 2,062 105,469
13. INTANGIBLE FIXEDASSETS
Website
E
COST
At 1October 2019and 30September 2020 650
AMORTISATION
At 1October 2019and 30September 2020 650
NET BOOK VALUE
At 30September 2020
At 30September 2019
Notes tothe Financial Statements tothe Financial Statements tothe Financial Statements -continued
for the Year Ended 305e tember 2020
14. TANGIBLE FIXEDASSETS
Improvements Gym Gym Office
to property
E
equipment
E		 clothing
f		 equipment
f		 Totals
E
COST
At 1October 2019 7,380 78,721 2,155 8,300 96,556
Additions 238 238
At 30September 2020 7,380 78,959 2,155 8,300 96,794
DEPRECIATION
At 1October 2019 7,380 22,651 2,155 7,806 39,992
Charge for year 7,773 189 7,962
At 30September 2020 7,380 30,424 2,155 7,995 47,954
NET BOOK VALUE
At 30September 2020 48,535 305 48,840
At 30September 2019 56,070 494 56,564
15. STOCKS
2020f 2019
E
Stocks 1,238 384
16. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
E E
Trade debtors 551 527
Other debtors 48 217
Gift Aid debtor 791 791
Prepayments 68 621
1,458 2,156
17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
E E
Bank loans and overdrafts (see note 18) 244 95
Trade creditors 7,143 3,531
Other creditors 920 897
Accruals and deferred income 4,315 4,678
12,622 9,201
18. LOANS
An analysis ofthe maturity of loans is given below:
2020 2019
E f
Amounts
falling due within		 one year on demand:
Bank overdrafts 95

MOVEMENT IN FUND S
Net
movement
At 1.10.19 in funds At 30.9.20
f f f
Unrestricted funds
General fund 103,407 25,041 128,448
Restricted funds
Downsland
Trust
—gym equipment		 102 (102)
JX3Support Services —new gym 1,000 1,000
Bare Knuckle Pick Up Fund —gym equipment 239 (60) 179
Helstonbury —equipment grant 496 (62) 434
Rotary Club Helston - Computer grant 225 (25) 200
2,062 (249) 1,813
TOTAL FUNDS 105,469 24,792 130,261
Net movement
in funds,		 included in the above are as follows:
Incoming Resources Movement
resources expended in funds
f f f
Unrestricted funds
General fund 140,972 (115,931) 25,041
Restricted funds
Downsland
Trust - gym equipment		 (102) (102)
Bare Knuckle Pick Up Fund —gym equipment (60) (60)
Helstonbury —equipment grant (62) (62)
Rotary Club Helston -Computer grant (25) (25)
(249) (249)
TOTAL FUNDS 140,972 (116,180) 24,792
Comparatives
for movement		 in funds
Net
movement
At 1.10.18 in funds At 30.9.19
f f f
Unrestricted funds
General fund 89,057 14,350 103,407
Restricted funds
Downsland Trust - gym equipment 202 (100) 102
JX3Support Services - new gym 1,000 1,000
Bare Knuckle Pick Up Fund —gym equipment 299 (60) 239
Preschool Equipment Fund 400 (400)
Helstonbury -equipment grant 558 (62) 496
Rotary Club Helston —Computer grant 250 (250)
Rotary Club Helston —equipment grant 250 (25) 225
Travel grant for elite boys 900 (900)
3,859 (1,797) 2,062
TOTAL FUNDS 92,916 12,553 105,469
Incoming Resources Movement
resources
f		 expended
f		 in funds
f
Unrestricted funds
General fund 125,609 (111,259) 14,350
Restricted funds
Downsland Trust - gym equipment (100) (100)
Bare Knuckle Pick Up Fund -gym equipment (60) (60)
Preschool Equipment Fund (400) (400)
Helstonbury -equipment grant (62) (62)
Rotary Club Helston - Computer grant (250) (250)
Rotary Club Helston —equipment grant (25) (25)
Travel grant for elite boys 1,500 (2,400) (900)
1,500 (3,297) (1,797)
TOTAL FUNDS 127,109 (114,556) 12,553

for the Year Ended 30 Se tember 2020
2020 2019
E E
INCOME AND ENDOWMENTS
Donations
and legacies
Donations
Gift aid		 6,911 1,648
339
6,911 1,987
Other trading activities
Fundraising
events
Sale ofgymnastic
Hire ofgymnasium		 goods 582
1,258
4,205		 1,392
3,102
2,910
Refreshments 526 543
Miscellaneous 4
6,571 7,951
Investment
income
Deposit account interest 87 109
Charitable
activities
Training 79,049 109,255
Memberships 390 5,231
Competitions 2,492 2,576
81,931 117,062
Other income
Government
grants		 45,472
Total incoming resources 140,972 127,109
EXPENDITURE
Other trading activities
Opening stock 384 608
Purchases 1,019 2,459
Closing stock (1,238) (384)
165 2,683
Charitable
activities
Wages 52,668 48,138
Social security 385 174
Pensions 876 896
Rent and rates 17,765 17,274
Insurance 962 901
Light and heat 6,419 5,963
Sundries 5,652 5,518
Affiliation fees 63 403
Competition
costs		 1,354 1,407
Training costs 765 2,423
Repairs g.service contracts 6,161 3,590
Carried forward 93,070 86,687
Detailed Statement of Fi
for the Year Ended 305e		 nancial ActivitIes
tember 2020
2020 2019
E
Charitable
activities
Brought forward 93,070 86,687
Travelling 5accommodation 215 2,838
Depreciation
oftangible fixed assets		 7,962 8,313
101,247 97,838
Support costs
Management
Wages 6,772 7,008
Social security 206 180
Telephone 1,573 1,465
Postage and stationery 101 521
8,652 9,174
Finance
Bank charges 1,047 725
Information
technology
Computer
and internet costs		 1,109 836
Governance
costs
Accountancy 3,960 3,300
Total resources expended 116,180 114,556
Net income 24,792 12,553