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|---|---|---|---|---|
|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|
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||||||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|
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|||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|
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|||||||||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|
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|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|
##
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||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|