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
#192

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 intrc*Ju¢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.A*knd 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 D*e¢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 participatK*n 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 peric*l 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 res*Jual 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 $t*ed interest rate and reeeNable or payab￿ wthin one year are recorded
at Iransacl¢on pnce. Any losses arising from impairment are recc*3nksed 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 compl*s 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