2021-07-31-accounts

Moore Thompson Trusted Adviws Chartered Accountants Cornpany number: 06501296 HUNTINGDON GYMNASTICS CLUB LIMITED (A company limited by guarantee CHARITY COMMISSION REGISTERED NO. 1124674 FINANCIAL STATEMENTS for the year ended 31 July 2021 o GYMNASTICS CLUB AB2SDWXP 2710412022 COMPANIES HOUSE

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HUNTINGDON GYMNASTICS CLUB LIIAITED Financial Statements forthè year ended 31 July 2021 Contents Pages Company Infomwion Report of the truslees 2to6 IndeperKlent examinerf$ ￿E￿I St*ement of Financial Activity Balance Sheet ststement of Cash FIoK45 10 Notes to the Financial Statements 11to20

HUNTINGDON GYMNASTICS CLUB LIMITED Company Infomiation Company number. 06501296 Board of T￿￿te*S 1 Company Dir¢¢tov8 Mr T Sharpington Mr S Davison Mrs E Br¢￿k Mrs Z McGowan Mrs N Scarte Mrs S Scotcher Mr J H Neal (Resigned 17 November 20201 Mrs C Payne [Res￿ned 17 March 20211 Mrs T Shorter IResvJned 17 March 20211 Other posftions Club Manager- Mr Adam Scott offi￿ Manager- Mrs Sue Besanl Charity Number 1124674 Comp•ny Number 1%501296 Registered office MarfKeld Road Huntingdon Cambridgeshire PE29 1UL Independent Examiner Ken Maggs BA, FCA Moore Thompson Bank House Broad Street Spalding Lin¢s PE11 1TB Page". I

HUNTINGDON GYMNASTICS CLUB LI￿￿ED Report of the tntstees lor the year ended 31 Jvty 2021 The trustees Iwho are represented by 'the 8oard' throughout this report), who a￿ also dirtttors of the Charity for the PUTposes of the COmpan￿S ac( have pleasure in submitknng their annual report together with the independently examined financial statements of the Charitable Company for the year ended 31 Juty 2021. The trustees have adopted the provisions ofAccounting and Reporknng by Charities.. Statement of Recommended Practice applJ¢able to ¢harites preparing their a¢¢ounts in a¢¢ordance with the Finanoial Reporting Stsndard applicable in the UK and Republic of Ireknd {FRS 1021 iSsL￿1 in 2019 in preparing the annual report and financial statements of the chanty. Structure> governan¢¢ and management The charity is controlled by rts goveming documen( a deed of tfust. and constitutes a limited company. limited by guarantee. as defmed ty the Companies Act 20(￿. The charity was registered in April 2008 and 15 govemed ty a Memorandum and Articles of AsS￿latiOn. The trustees, who are also directors for the purpose of company law. and who seNed during the year are detailed on the chanty information on page 1. Recruitment and appointment of new tru8t¢es New trustees are recruited by local adverb"sin9 and by recoMmendat￿n. Club membets vote on the trusloe applieations at the Annual General Meeting lo gtve a total of eight trustee5 on the Board. Three further positions are co-opted by the Board according to Spe¢rf￿ skills required. The Chair is required to keep balance of skills and exFenence on Ihe 8oard and to maintain a balance of parents and non-parents. New trustees are en¢ouraged to familiarise Ihemsefves vrith chanty Lqw5. the financial reForts of the Club and to attend Club staff rneets.ng and other events. None of the trustees have any beneficial interest in the company. Ail of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up of the charity. Oryanisational Structur The Board manages the business of the charity and is responsible for overseeing the strategic, financial and gal direCt￿n of the charity. The 8oard is responsible for ensursng that all recommended financial controls have been considered and intrcJu¢ed and meets at least six times per year. Trustees hold a portfolio for their parts"cular responsibility and are availabk for advi¢e in support of various aspects of the business an¢J welfare of the charity. The Board is elected at the Annual General meeb.ng of the charity. The Board has nominated a Management SU￿OrnMrttee to manage Ihe Charitys actmties thal consists of the Office Manager and the Club Manager. The Management SulF¢ommittee meets on a monthly basis and reports to each Board meeting including a"balanced scorecard. whi¢h includes a safety report. Capacity and waiting list review, finance report and parent feedbxk. During the financial year there were periods where the charity closed ils premises dunng the Covid-19 pandemic and the balanced scorecard was not prepared. During this period the Board rnonilored the finan￿al status of the chanty carefvlty with the support of the Management Sutrcommittee. Relaled Parties Transactions during the period wrth trustees and any other related parties are detailed in note 15 of these financial statements. Risk Management The Trustees have a duty to ￿entify and review the risks to which the charity is exposed and to ensu appropriate controls ore in place to prowde reasonable assurance against fraud and any error. Pa9e". 2

HUKllNGDON GYMNASTICS CLUB LIMITED Report of the t￿￿te•S (contlnued) for the year end¢d 31 July 2021 Objo¢tives and actlvltles and Public Benefft The main objective of the chanty is the promO￿n of Community participat￿In in healthy recreation for the benefits of the inhabitant of Hunlingdon and 11)e surrounding area by the provision of facilrties for the sport of gymnastics and any other charitable actNities. The trustees are highw cons¢K*us of the need to provide the be5l possible public benefft in line with Charity Commission guKlan¢e and consider that the charity (h)es this. The charity has undertaken the followng activiknes described in the sectN)ns klow during the year to implement these obse¢ts in line with our current development path. These activths also provides supwrt for the public benerts that the charity provbjes. The Charity has been impacted by the gkjbal Covi&19 pandemr fcovid.) which forced the Charity to close its premises until a limited re-opening was achEved in August of 2020 with ￿$tricted a¢¢ess lo summer camps and limited coaching due to social distancing. The Charity Ihen re-opened its doors on the 1st September 2020 to classes with reduced numbers and an adapled timetable. An additK)nal ￿[lod of closure occurred in November 2021. Ovgr¥iew Following previous succe$$ful years, trbe Charity was hit wrth the closure of its leisure facilitses under Covid restrictions. The Charity was closed from March lo the August of 2020. Staff managed lo offer limited zoom sessions throughout the closure period and 4%tre tasked with resuming sessions with limrted numbers and social distancin9 from August of 2020. Due to further Covbj restrict￿n$. the Charity gain ch)sed in November 2020 and was able to resume limrted operations from December 2020. Throughout January 2021 to Juty 2021 an extended regime of sanitising equipment. social distancing and closing of the viewing bakonies helped lo prevent Ihe Spre￿ of the virus. however, these restrictions ￿sUIted in a reduction in income for the Charity parent and tcvJdkr SesS￿)n$. Pa￿eS and drop in sessions can¢elled. Plans were put in place for the Te-opening of the Charity in September 2020 with an extended timetable, and the Charity was able to offer feduced numbers on reCreat￿nal Summer camps in August 2020. In reC￿3￿•t1¢n of the financial drffieulkn'es faced by the community, unlike some other gymnastics clubs, Huntingdon Gymnastic5 Club twk the decision io stop the payment of fees for the durabon of the shutdown periods. The Chanty managed to retain almost all of its slaff through the shuldown periods. accessing the govemment furlough scheme lo underpin demands from payroll. stsff proved to be resilEnt and loyal. adaptable in the face of almost Month￿ changes. Provlsion of communrty participation in health recreatioft The Charity's pa1￿C1patiOn programme ¢ontr'nued to be popular wilh high levels of engagement from the local ¢ommunity. The Charity continues to provide gymnastKs proV￿10n for a wide variety of age groups and levels including toddlerf5 sessions, pre•sch¢)ol classes. paitipatton ¢lasses. teenage specffic classes and adult sessions, together with ladies. Specif￿ sessions. 'I"Ilè Lhanty also continues to vK)rk closely adutt drsabilty groups and special educational needs providers. as well as engaging with home eduCat￿n. Page.. 3

HUNTINGDON GYMNASTICS CLUB LIMITED Report of th• trustets l¢ontinu•dl for Ihe year ended 31 Juty 2021 Provision of facilitiH for the sport of gymnastics The Charity ¢ODtinues to maintain the building and specialist gymnastics equipment to a high standard. In response to Covid, facility cleaning and monitoring of equipment and staff in regard to eleanliness and sanitation was increased and a full and comprehensive COWD risk assessment was undertaken. Staff we fvlly trained in in safeguarding and so¢ial distancing, bjether with personal protectsve equipment, and followed directions gNen by the goveming bc*Jy IBriti"sh Gymnastu) in regard to safe training. The Charity is committed to provide the best equipment possible for all users of the facilities. During the next few years. the Charity will explore funding to invest in up3rading gymnastic equipment and the facilities. The first stage of this programme has seen the replacement of the sprun9 fioor in the Sharpington Hall supported by granl funding from a local business. Adaptatlon to changing Work force The Charity recognises the demand placed on ils employees. especialty its coaching staff, due to the majority of its activits'e5 taking place in the evenings and weekends_ To address these challenges. the Charity actively consideTS part lime and job share OPFQrtunits"es when recru￿"n9 new employees. It15 hoped that these nib"ative5 will ￿ntsnue to plxe Hunts"ngdon as a centre of gotyj practice nats'onally and encourage high qualty coaching employees to join the Chanty to support the appetite for gymnastics in the local area. AS a response to the nationvride shortage of qUalffj￿d 9ymnastics coaches. Huntingdon Gymnastic5 Club established its Young Trainee Coach programme. for 14 to 16 year olds, to encourage them to tske their first steps in gyrnna5bcs ¢oa¢hing. This practi￿ has continued despite the I(￿d￿nS though a challenge has been accessing the relevant qualffi¢atK•ns in a period of upheaval. Charity has pkns lo recwit ar￿ther 10 people to ihese F#)5ts in 2021r22. An apprenlieeship programme continues wthin the Charrty. Makn"Ida Manser being employed and currenlty training with FilUK. Providing a full ser¥lce for elrte and aspiring elite performe Whilst the majority of the coaching wa5 remote over the penod of restrictions Jake Jarman. vrith dispensation from the UK government was training in isolat￿n t(Mards hi5 fitsl full year as a senior international gymnast. As the Charity settled into the new ts"metable of 9ymnaslics. Jake was prepanng for the European Championships in Basel Svthzertand. Subsequenuy, Jake was named as Iravelling reseNe for the British Olympic team and travelÈd out to Japan. With further lifb'ng of Restrictions. the Charity was abte to retum to nomtsl training capxity and reopen the balconies lo allow parents lo watch the hard work of their children. Through September and October 2020, some of the Charity's perfomance gymnasts ￿turned to compettttsjns with excellent showings in both the British Championships and Nab"onal Setwork finals ￿Su￿1ng in gymnasts qualifying for British and English National Squads. The women's artistic leam wll be re-mastered by the Head of DepartmenL Adam Fowl, and the cha￿ will move t¢￿vardS recruitment of a fvll bme Deputy Head to continue the streamlining and development of the women's departrnenl. VolunteerJ The Charty is aw grateful for the support of ts volunteers who play important roles a¢ro$s the organisation including the Trustees and volunteers who support coachiry, welfare and fundraising. Financial Review The financial perfomiance of the chanty for the year ended 31 Juty 2021 is detailed on pages 8 to 20 of these financial statements and the Trustees are pleased with the performance during the year especialty given the impact of cov￿. Paye. 4

HUNTINGDON GYMNASTICS CLUB LllbllTED Report of the trust¢es (continu¢dl for the year ended 31 July 2021 Reserve6 policy 11 Is the policy of the Charity that unTrstricted fvnds which have not been designated for a specific use shoukl e mainlained al a level equivalent to be*n 3 and 6 months of expendrture. The Trustees consider that reserves al this level wll ensure that. in the event of a S￿n￿can1 drop in funding, they will be able to continue the Charity's Cufrent activities whilst ¢onsideration is given to a way in which addilKJnal funds may be raised. Since the start of Covid restr￿li0n5 in March 2020. the Trustees have worked closely wth the Management Sub-committee to Monitor the level of reserves ensuring that a minimum of three months reserves were maintained. This was partly achieved through the use of the Uniled Kingdom Government Ifurloughl"scheme which funded the costs of employees who were Unab￿ to perfomi their nomial duties by up to 80Vo. Additionally, the Charity wa5 able to secure Spe￿r￿ grant income available lo support organisations during the pandemic. Plans for the Iqbture Al the dale of this financial review. the Charity exp￿ to be ab￿ to continue its actNilies in 202112022 and the Trustees will then contmue the refresh of the fve year straiegic pL4n vthich has been put in ho￿￿ due to the pandemic. The Trustees will continue to look at outsKle financial SUPFQrt for equipment replacement capital funding to support enhancement of the gym and the su￿Ound￿g buikding. Trust•e's respon$ibiliti•s stat•m•nt The Irustees are responsible for preparing the trustees rewrt ihe financial statements in accordanc8 With appl￿ble laws and regulations. Company law requires the directors lo prepare finan¢k41 statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Acceptsd Accounting Pracb'ce {Uniled Kingdom Accounbng Standards and applicable lawl. Under company law the diwtors musl not appfove the financial ststements unless they are satrsfied that they give a true and fair view of the state of affairs of the Company and the profit or h)ss of the C￿npanY for that period. In prepanng these financial statements, the trustees are required to". select suitable accounting policies and Ihen appty them consiSten￿y,. make judgements and accounbng esb"males that are ￿aSonable and prudent", prepare the financial statements on the going concem basis unless it is inappropriate to presume that the company ￿11 continue in business. The directors a￿ respon$ibty for keeping adequate accounbng records that are sufficient to show and exp18in the company's transactions and disclose with reasonable accuracy at any b.me the financial position of the company and enable them to ensure that the financial ststements comply ￿th the Companie5 Act 20C6. They are also responsible for safeguarding the assets of the company and hence lor tsking reasonable steps for the prevenb'on and detection of fraud and other irregularthes. Covid-19 and going concern The Trustees Vboukl like to thank all of the Chantys member5 and employee5 for their b.re￿$$ efforts during the pandemic. The Charity prides itself on the excellence of its sports.ng history and has been devastated that il has not been able to deliver its usual coaching sessions throuohoul the financial year. It has been a very challenging time for.the Chanty which has I￿rked to SUPFL)rt and retain the coachin9 and administratsve teams whi15t serviang overheads. th income falling during peritrds of ckjsure. The Charity has relied upon the support from the United Kingdom Govemmenvs Job Retention Scheme and its financial reserves to survive these periods of closure. The Trustees a￿ of the opinion that the Charity ￿ThI1 continue to te a going ¢oncem and look forward to re- opening so everyone can meet and train tC•Jether. Page: 5

HutrmNGDON GYMNASTICS CLUB LIMrrED Report of th¢ trustees (continued) for the year ended 31 Juty 2021 Small company provisions This report has been p￿pared in accordance with the provisions applKable to companies entitled to Ihe small companies exemptson. This report was approved by the board of directors on.Qr•J.Aknd sKJned on behalf of the 1x￿rd by.. Mr T Sharpington Director Pagè". 6

Independent Examinerfs Report to the Trustees of HUNTINGDON GYMNASTICS CLUB LIMITED I report to the charity Iruslees on my examinatron of the accounts of the charity for the year ended 31 Juty 2021 wh￿h are sel out on pa9e$ 11 to 20. Responsibilities and basis of report As the charity Iruslees of the company land also rts directors for the purposes of company law) you are responsbile for the preparation of the accounts in accordance with the requirements of the Companies Act 201￿ I'lhe 2006 Acri. Having sats"sfied myself that the accounts of the company are not required lo be audited under Part 16 of the 20Q6 Act and are eligible for independent examinatK)n. I rewrt in respect of my examinalK)n of your company's accounts as carried out undef section 145 of the Charibes Act 2011 {'the 2011 Act,). In carrying out my examination I have folowed the De¢tion$ gpien by the Chanty Commission under sectK)n 145{5llbl of the 2011 Act. Independent •xaminefs stat•ment Since the compan￿$ gross income exceeded £250.000 your examiner must be a member of a b￿yy listed in section 145 of thè 2011 A¢t. I confirm that l am qualified to undertake the examination because l am a member of The Institute of Chartered A¢￿untants of England and Wales {ICAEWI. I have completed my examination. I confirrn that rK> matters have come io my attention in connect)n with the examination gmng me cause to believe that in any material respecL . a¢¢ounting records were not kept in respect of the company as required by sectN)n 386 of the 2006 Act.. or 2. the accounts do not accord vthh those records. or 3. the accounts do not cornp￿ the xcountr.ng requirements of se¢ts"on 396 of the 2006 Act other than any requirements that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination- or 4. the accounts have not been prepared in accordance wrth the methods and principle$ of the Statement of Recommended Pracb"ce for accounts.ng and reports.ng by charitEs appl￿ble to charibes preparing Iherr accounts in accordance the Financial Reports"ng Standard applicable in the UK and Republic of I￿land (FRS 102) I have no concems and have ¢ome across no other matters in ¢onnectKJn wth the examinakn'on to which attention should be drawn in this reFX)rt in order to enable a proper understanding of the accounts to be reaGhed. K.J. Magg A.. F.CA. Moore Tho pson Chartered Accountants Spakling Dale. k.cts.f.J...3￿>l Pago: 7

HUNTINGDON GYMNASTICS CLUB LIMITED ststement of Financlal Acllvlty {including income and expenditure a¢¢ount) for the year end¢d 31 Juty 2021 2021 2020 Total Tolal funds funds Income and end¢)wments from: Donations and legacies Investments Charitable activilies other 165.333 270 305,449 430 250 165.583 270 305,449 430 144.408 2,001 498,191 2,011 Total incoffle 471.482 250 471.732 646.611 ExPendI￿re on: Charitable activitses Interest payable Total expenditure 550,449 1.154 551.603 25.988 576,437 1.154 577.591 668,193 1,477 669,670 25,988 N¢t Qxpenditure (80,121) (25.738) 1105,8591 {23,0591 Transfers betr￿en funds Net movement in funds 180.121) (25,738) 1105,8591 123,0591 FurKI balantss brought fopward Fund balances carried foThvavd 12 12 336.315 256,194 1.091.637 1.065.899 1.427.952 1.322.093 1,451,011 1.427.952 All income and expendiiure derive from continuty￿ activibes. The statement of finan¢BI acb¥ty in¢ludes all gains and losses rec¢>3nised during the year. The notes pages 11 to 20 fowm part of these fmancial Btatemenl Page: 8

HUNTINGDON GYMNASTICS CLUB LIMITED Baknce Sh•et at 31 Juty 2021 2021 2020 Note Fixed ass•ts Tan9ible fixed assets 1,132.091 1.183,982 Current assets Debtors Cash at bank and in hand 8,9C6 221,978 230,884 54,612 230,499 285,111 Credltors: Amounts falling due wthin one year 32.058 24.124 Net current assets 198,826 260,987 Total assets less current liabiliti 1.330,917 1,444,969 Credltors: Amounts falling due after more than one year 11 {8.824) {17,0171 N•t aS￿ts 1322.093 1427 952 In¢ome fund$ Unrestricted funds 12 256.194 336.315 Restricted funds 12 1.C65,899 1.091.637 1,322,093 1,427,952 The trusteés are sats'Sf￿ that the chanty is entitw to exempb)n from audit of the financial statements for the year under SeCt￿n 477 of the Companies Act 2006 (the Act) relating to small companies and that the members have r￿1 requ1￿ the Company to obtain an audrt in ￿0[dance with Section 476. The trustees acknowledge their Tesponsbilitie5 for. (il ensuring Ihat the charity keeps proper accounting records compty wrth SeCt￿n 386 of the Act. (i) preparing financial statements which give a true and fair view of the state of affairs of the charity as al the end of the financial year and of rts profil or ￿s$ for the finan¢ial year in accordanee with the requirements of SeCt￿n 396. and which otherwise compty with the requirements of the Act relating to financial statements, so far as apFA&?ble to the charity. These financial statements have been prepared in accordance the provIs￿nS applicable to compan￿5 subject to the small companies, regime and in accordance with FRS 102 The Financial Reporting Standards applicable in the UK and Republic of Ireland.. These financial statements were ap roved by Ihe Trustees on ￿+￿.2￿1nd are si9ned on Iheir tehalf. Mr T Sharpington Director Company Number.'_ 06501296 .The n¢)t¢s M page$ 11 to 20 form part Oft1￿ finan￿￿1 statemerts Page.. 9

HUNTINGDON GYMNASTICS CLUB LIMITED Statement of Cash Flows lor the year ended 31 July 2021 2021 2020 Cash flow from operating a¢tivitles Deficit for the year (105.859) (23.059) Adjustmen15 for". Interest received Depreciatson of tangible fixed assets 111) 51,891 1168) 72,548 Movements in working capital." Decrease I linc￿ase) in debtors Decrease in creditors 45.7C 259 (3.613} 42.751 18,532) 2,957 Cash flows from Invegting actlvilies Interest received 11 168 11 168 Net increase in ¢¥sh and cash equN¥lents Cash and cash equivalents at beginning of year 18,521) 230.499 3.125 227,374 Cash •nd cash equivalents at end of year 221,978 230,499 Cash and cash equtvalents consists otr. Cash at bank and in hand 221.978 230,499 Pag¢= 10

HUNnNGDON GYMNASTICS CLU8 LIMITED Notes to the Financlal Statements for the year ended 31 Juty 2021 1. Accountlng pollcies Hunts"ngdon Gymnasb"¢s Club is company limrted by guarantee regISte￿d in England and Wales. In the event of the charitable company being wound up. the liabilty in respect of the guarantee is limited to £1 per member of the charity. The address of the registered office of the chanty is given in the charity infomialK)n on page 1 of these financial statements. The nature of the ¢haritys operalions and principal aclivitses is the promotion of community participatKn in healthy recreatson for Ihe benefits of the inhabitants of Hunts"ftgdon and the surrounding area by the pn)vi5ion of faCil￿.eS for the sport of The charity Constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities." Statement of Recommended Practice applicable lo charrties preparing their accounts in accordan￿ with the Financial Reporb'ng Standard applicable in the UK and Republ￿ of Ireland ￿SUed in October 2019. the Financial Reports"n9 Stsndard applicable in the United Kingdom and Republic of Ireland (FRS 102). the Charities Act 2011, the Companies Act 2006 and UK Generalty Accepted Accounting Prac￿e. The financral statements are prepared on a going concem basis under the historical c05t convention, mtslified to include ¢ertain items at far value. The financial statements are presented in steding which is the funcb.onal cuffen¢y of the charity. The svJnificant accounting applied in the preparation of these financial ststements are set out below. These polietes have been ¢onsistenty applied to all years presented unless otherwise slated. Golng Concern The financial statements have been prepa￿d on a going concem basis as the trustees I directors believe that no material uncertainties exist. The trustees have ¢onsidered the level of funds held and the expected level of income and expendrture for 12 months from authorising these financial Statements. The budgeted income and expenditure is suffic￿nt with the level of reseNes for the charity to be able lo continue as a going concem. Taxation The charity is an exempt charity wthin the meaniryJ of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 schedu￿ 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corpOra￿n tsx purposes. Judgements and key sources of estimation unurtainty The preparab.on of the fmanciai ststements requires management to make judgements, estimates and assurnptions that affect the amounts reported. These e$b"mates and judgements are continually reviewed and are based on expenence and other factors. includin9 expectab"on5 of fttture events that are believed to be reasonable urKler the circumstances. The followng judgements and estimates have been made in Ihe pr(Kess of applying the above accountsng policies that have had the most sh3n1f￿an1 effect on amounts rec(h3nised in the ffinancHI Estimation of useful life- The usefvl e¢onomi¢ life used to depreciate tsngible fixed assets relates lo the expecled future perf0m￿ce of the assets acquired and managemenrs estimate of the period over which economic benefit will be derived from the asset stsmation ot residual value- The residual value of an asset is estimated fair value of that asset al the end of ils useful economic life and therefore is also dependent upon the esbmalion of that life span. Historically, Changes lo the usefvl e¢onom¢ life and residual values have not had a material impact on the depreciation amount charged to the profft and ￿$$. Cut off - The only eStiMa￿n applied by the directors was in the consideration of CLtI-off where an estimation of the costs relatsng to the relevant pericl were apPl￿d when relatin9 to a different penchy. Details for these items a￿ Included wrthin the accounb.ng pol￿$eS below. Page." 11

HUNTINGDON GYMNASTICS CLUB LIMITED Notes to the Financial Ststements lcontsnuedl for tho year end¢d 31 Juty 2021 1. Accounting policies (continued) Income recognitlon All incoming resources are included in the Statement of Financial Activ￿"e5 {SoFAI when the charity is legally entitled to the in￿rne after any perforniance condibons have been met, the amount can be measured reliabty and it is probable that the income wll be received. For donations to be recognised the charity will have been notifEd of the amounts and the settlement date in writing. If there are condth'ons attached to the donatK>n and this require5 a kvel of performance before enlitlement can be oblained then income is deferred unlil those conditsons are fully mel or the fulfilment of those conditions is within the contrcA of the charity and it is probable that they wll be fulfilled. Donated facilitses and donated Profess￿nal services are reccy3nised in income at their fair value when their economic benefit is probable, it can be measured relrabty and the charity has control over the item. Fair value is determined on the basis of the value of the gfft to the ¢hanty. For example the amoLbnt the charity W￿ld be wlling to pay in the open market for such facilities and services. A corresponding amount is recognised in expendrture. No amount is included in the financial statements for volunteer tsme in line with the SORP IFRS 1021. Further detail is given in the TnJstees' Annual Report Where practicable, gifts in kind donated for distribution to the beneficiaries of the chaiity are Included in stock and donab'ons in Ihe financial ststements upon re¢eipL If it is impracb"cable to assess the fair value at receipt or rf the costs to undertake such a valuation Dufv￿1gh any beneffts. then the fair value is recognised as a comporent of donatK)ns when It is distn"buted and an equivalent amount recognised as charilable expenditure. Fixed asset gifts in kind are recognised vthen receNable and are incI￿aed at fair value. They are not deferred over the lrfe of the asset Investment income is eamed through holding assets for investment purroses such as shares and propety. It includes dividends, interest and rent Where rt is not praclKable to identify investment management costs incurred wthin a scheme wilh reasonab￿ xcuracy the investment in¢ome is reported net of these costs. It is included when the amount can be measured reliably. Interost income is recognised using the effects.ve inte￿t method and di¥￿end and ￿ftl u)come is re¢ognised as the charity's right lo receive payment is established. Expenditur• re¢ognitlon All expenditure is accounted for on an accruals basis and has been cL4$sified under heading5 that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, rt is probab￿ that the settlement will be realised and the amount of the obligat￿n can be measured rel￿bty. It is ¢alegorised under the following headings.. Charitable actiwties W￿]Ude the costs of the acbvities defined by the ¢h*iVs aims for the benefit of the person5 Slted in the charity objects. Costs of charitable activitses includes the direct costs of the activities and depreciation on ￿lated assets. Where sueh assets relate to more than one functional cost category. they have been allocated on erther an e5b.male lime or floor space basis. as appiopriate. Support costs include the costs ￿late to the general Tunning of the tharity as opposed io the direct management fvn¢t￿n inherent in generab.ng fvnds. servKe delNery and program or prO￿t work. lffecoverable VAT ts Charged as an expense against Ihe for expendrture arose. Page. 12

HUNnNGDON GYMNASTICS CLUB LIMITED Notes lo the Flnancial Statements Icontlnued) for the year ended 31 Juty 2021 l. Accounting polici￿ Iconlinu¢d) Depre¢i•tion Depreciation is calculated lo write down the cost. less estimated resJual value. of all tangible fixed as$els over their expected useful INes. The rates generalty appluble are." Leasehokl propety Improvements- 2% on cost Equipment 25% on cost Fixed assets Fixed assets are indLKled at cost, less xcumulated depreciation. Debtorn and cr•ditorn rec•ivable I payable withln one year Debtors and creditors wilh no $ted interest rate and reeeNable or payab￿ wthin one year are recorded at Iransacl¢on pnce. Any losses arising from impairment are recc3nksed in expenditure. Pen810ft costs The charity operates a defined c0nlribu￿n pension s¢heme for employees. The a$5ets of the scheme are held separately from those of the charity. The annual contn"butJons payable are charged to the ststement of financial aclivth"es. Operating lease agr¢trmeDts Rentals applicable to operating ￿aSeS where substantialty all of the beneffts and risk of ownership remain with the lessor are Charged against proffts on a straight line basts over ttie period of the lease. Restrlct•d funds Restricted funds can onty be used in accordance with specrfic re5tri¢ts"ons and the fvrth8rance of the objectives of the ehanty. Restrictions arise when specified by the donor or when funds are raised for particular restrbcted purposes. EXpendrtu￿ wh￿h compls with these criteria is mJentrf￿d to the fund. Unrestricted funds Unrestncted funds are available for use al the discrebon of the trustees in SuStenar￿ of the objectives of the charity and which have not teen desvJnaled for other purposes. Deslgnated funds Designated funds comprise unrestrthd funds that have been set aside by the trustees for parti¢ular wrposes. Loans and borrowlngs Loans and borrowings are initralPy reco3nised at the transaction prte including transaction costs. Subsequentty. they are measured at am0￿Sed cost using the effective interest rate method, less imwmienl. If an arrangement ¢onsttutes a finance transxtion it is measured at present value. Page.. 13

HUNTINGDON GYMNASTICS CLUB LIMITED Notes to the Flnancial Statements Iconlinued) for the year ended 31 July 2021 2. Income from donations and legacles 2021 Unrestricted Restricted funds funds Total Donalwis Grants 922 164.411 165.333 922 164,661 165,583 250 250 Grant Incoin0 breakdown Institutional Local Govemment Nat#Mal Govemment 9.000 34.057 121,354 164.411 250 9,250 34,057 121,354 164,661 250 2020 Unrestricted Restricted funds funds Total Donations Grants 997 143,411 144,408 140,678 141,675 2,733 2,733 Grant incomé breakdown lnstituts.onal Local Government National Govemment 6.282 25,000 109,396 140,678 2.733 9,01 S 25,000 109,396 143,411 2,733 The Coronavirus Pandern￿ had a massrye impact on the C￿b with the ck)sure of f¥iif(ies for prolonged periods. The Club wwe grateful to receNed funds amounbng to £164,411 12020 - £139,319) in this regard. 3. Income from investments 2021 Total 2020 Total (All Unrestricted) Rent￿ income Interest receivable 259 1.833 168 2,001 270 4. In¢ome from charftable activilies 2021 Total 2020 Total IAII Unrestri¢ted) Gym Fees Toddler Sessions Private Hire and Pwties Other sales 280.612 403.004 24,883 25,379 44.925 498,191 24.837 305.449 Page." 14

HUNTINGDON GYAINASTICS CLUB LIMITED Notes to the Financl•l Ststements {continuedl for the year ended 31 July 2021 5. Expendlture on charftabl¢ acltvities 2021 Unrestrlcted Restri¢led Tolal General m actNities A¢tivitP5 undertaken directy Support costs: Other operating costs Staff ¢osts Depreciation ort costs countan¢y and payroll Independent examination fees Consultancy fees Bank charges Interest payab Other costs 378.594 378,594 46.697 66.777 25.903 46,697 66.777 51.891 25,988 10.897 1.772 10,897 1.772 3.466 1.154 16,343 577.591 1.154 16.343 551.603 25.988 Costs directy atlributsble to a 5pe¢tfi¢ project have been anatysed to that project as an exact amount. The remaining costs wh￿h are not specffjc are consKdered all￿ated costs of charitable activib.es and have een apporb.oned to the retevant activity based on a considered propoition of costs relatsng to that activity. 2020 Unrestrlcted Restrlcted Total neral A¢tivities undertaken directty Support costs: Other operats.ng Costs Stsff costs Oepreekqtion ort costs Accountancy and payroll Independent examination fees Consultsncy fees Bank charges Interest payable Other costs 430,804 430.804 65.292 74,688 46,560 65,292 74,688 72,548 25,988 Su 13,932 1.670 13.932 1,670 4.353 1,477 4,906 643,682 4,3S3 1,477 4,906 669.670 25,988 6. Board of Trustees remuneratlon No Iruslee lor any persons connected wilh them) receNed any remuneratton or expenses either difecoy irKliwUy. Pagè." 15

HUNTINGDON GYMNASTICS CLUB LIMITED Notes to the Flnancial Statsments {conlSnuedl for the year ended 31 Juty 2021 7. Employee eM0￿M￿nts 2021 Total 2020 Total Wages and salaries Social securty costs Defined contributson pension costs 403.862 26,739 9.451 440,052 459.947 28.213 10,109 498.269 Number of employ••s Coaching staff Administrab"on staff 39 29 43 There were no emptyees who receNed emolUrr￿nts exceeding £60.000 in either the current or prior Tangible fixed ass•ts Le•sehold Property Equipment Totsl Cost Al 31 July 2020 Additions Disposals At 31 July 2021 Depreclatlon At 31 July 2020 Charge for the year Disposals At 31 July 2021 Nel book value At 31 July 2021 At 30 Juty 2020 1,299,397 393,873 1,693,270 1.299,397 393,873 1.693,270 155,874 25.988 353,414 25,903 509,288 S1,891 181,862 379,317 561,179 1,117,535 1.132.091 1,143,523 40.459 1,183.982 9. Debtors 2021 Total 2020 Total Trade debtor5 Taxes and social security costs Other debtors Prepayments and xcrued ￿COrne 8.037 42.910 5.368 1.000 5.334 54,612 8,906 Pa9e.' 16

HUNTINGDON GYMNASTICS CLUB LIMITED Notes to the Financial Slatemgnts (continued for the year ended 31 July 2021 10. credi10￿. Amounts falling due within one y¢ar 2021 Totsl 2020 Total Trade Creditors Loan from Huntingdon Distn'¢t ￿nCIl Taxes and social security Costs Other creditors- Pension Contribub'ons Accruals Deferred Income 3,871 7,563 2,351 2,308 5,630 10,335 32,058 7,200 7,563 1,911 3,932 3,518 24,124 The loan is secured by a charge over the leasehokl land on which the Huntingdon Gymnasts"cs Club Limited premises are ￿nstructed. The land is fJ4vred by Huntingdon Tovm Council. Deferred income represents income received in advance for ¢L3sses or events that take place in the following period. 11. Creditors: Amounts falllng due after one year 2021 Total 2020 Total LC￿ft from Huntingdon District CcHJncil 8,824 17,017 The loan 1$ secured by a charge over the leasehold land on wh￿h the Huntingdon Gymnasli¢s Club Limited premi5e5 a￿ ¢onstru¢ted. The land is owned by Hunb"ngdon Town Coun¢il. Page: 17

HUNTINGDON GYMNASTICS CLUB LIMrrED Not¢8 to the FinancS•l Statements lcontlnued) for the year ended 31 July 2021 12. Funds 2021 At1Au9 2020 Incoming Outgolng resources resources Trnnsfers At 31 Jul 2021 Unrestricted fund$ General Fund 336,315 471.482 551,603 256,194 Restricted fund5 Building costs Young staff training UK Power Ne￿[k5 1.087.628 4.009 (25.9881 1,061,640 4,009 250 250 1.091,637 25.988 1,065,899 1.427.952 471.732 577,591 1.322,093 Young staff trarning ts to hdp an rnitiative aimed at gymnasts aged between 14 and 16. 11 funds a trainee coach programme which will enable them to become qualthed coaches in the future. The fvnds are canstrtuted as folkms". 2021 Unrestrlcted Restrlcted Total Tangible fixed assets Debtors Cash at bank and in hand Creditors.. Amounts falling due within one year Creditors". Amounts falling due after one year 70.451 8,9C 217,719 132,0581 8.824 256,194 1,C61,640 1,132,091 8.906 221,978 132.058} 8,824 1,322,093 4,259 1,065,899 Pa9e.' 18

HUNMNGDON GYMNASTICS CLUB LIMITED Notes to the Financlal Slatements Icontlnued) for the year ended 31 Juty 2021 12. Funds continued... 2020 At1Au9 2019 Incoming Outgoing T¢￿Ure¢S rnYour¢es Transfers At 31 Jul 2020 Unrestrlcted funds General 336,119 643,878 643,682 336,315 Restrict￿ funds Building cos15 Young staff training 1,113.616 1,276 1,114.892 {25.988) 1.087,628 4,009 1,091,637 2,733 25,988 1,451,011 646.611 669.670 1,427,952 The funds are conststuted as folbws.. 2020 Unrestricted R•stricted Total Tangible fixed assets Debtors Cash at bank and in hand Creditors.. Amounts falling due Vlithin one year Creditors: Amwnts falling due after one year 96.354 54,612 226,490 (24,1241 17.017 336.315 1,087.628 1.183,982 54.612 230.499 124,1241 17,017 1,427,952 4.009 1.091.637 . 13. Restricted funds dts¢riptions Building costs - This fund is regarding the original fvnding for the building of the 2012 hall and contains funding for the refurbishment of the toilet$ and changing rooms. Cambs CC - satelllte equipment- A tKal cornmunty grants towards a project invofving local schools widening pa￿1Pation in spoft Vault donation and grant- used to purchase a gymnasti¢s vault. once purchased the restriction was lifted and the assets transferred lo the general fund. Disney display trlp - Funds raised inthouse by the senior display team to a attend a ¢ompetitron at -Gyrnnastique MagH4ue" at Disneyland Paris. Young staff trdining - a grant to help fvnd the trainee coach inttiati¥e. targeting gymnasts tetsveen 14 and 16. Speilh bar and wooden rail - Used to purchase these rtems. once purchased the restriCt￿n was lrfted and the assets transferred to the general fund. Page.. 19

HUNTINGDON GYMNASTICS CLUB LIMrrED Notes to the Fi￿n¢1￿1 Statgrnents (continued) for the year ended 31 July 2021 14. Operating leases At 31 July, the chanty had total futu￿ minimum lease payments under non-can¢eliabJe operating Feases as set out below.. 2021 Total 2020 Total Not rn0￿ than ctt year Later than one and not more than five years 1.300 4.169 S2 15. Controlling party The charty is controlled by Ihe Board of Trustees and no indNiduals can or do exert control. 16. Ststement of financlal activi¢i¢s - fund comparatives 2020 Unrestricted Restrld¢d funds funds Total Income and endowments from: Donations and legacies Investments . Chanlable actNitEs Other 141.675 2.001 498.191 2.011 643.878 2,733 144,408 2,001 498,191 2,011 646,611 2,733 Expenditure on: Expenditu￿ on charitsble ￿tivItIeS.. Charitable actNities Interest payable 642.205 1.477 643.682 25,988 668,193 1.477 669,670 25.988 Net Income I (expenditure) 23,255 23.059 Page.. 20