REGISTERED CHARITY NUMBER: 1125671
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 May 2021
for Retford Gymnastics Club
Retford Gymnastics Club
Contents of the Financial Statements for the Year Ended 31 May 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Activities | 11 |
Retford Gymnastics Club
Report of the Trustees for the Year Ended 31 May 2021
The trustees present their report with the financial statements of the charity for the year ended 31 May 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Club purpose as set out in the constitution is the promotion of community participation in healthy recreation for the benefit of the inhabitants of Retford and the surrounding area, by the provision and coaching for gymnastics and is affiliated to British Gymnastics.
Public benefit
The charity furthers the health and recreation for all age groups in the Retford and surrounding areas by the provision and coaching of gymnastics
In deciding on what activities, the Trust should pursue, the Trustees have regard to guidance issued by the Charity Commission.
Achievement and performance
The club continues to be a popular facility and we continue to have many new additions to our current waiting list.
The club provides opportunities for all gymnasts to achieve their full potential.
Our open disability sessions had to be postponed during the pandemic, due to the restrictions in place. Once restrictions were lifted, these were reinstated.
The Little Gymstars and Independent preschool classes have been very popular with both boys and girls with over 90% feeding into our general recreational classes as they go into full time education. During the pandemic, we were unable run Little Gymstars due to the restrictions in place, but our Preschool coaches did an amazing job of providing fun and engaging zoom sessions.
The squad gymnasts continue to develop their skills to a high level and both boys and girl are competing up to National level. Disability gymnasts have also been competing at The British Disability Masters. We continue to offer trials for gymnasts wanting to develop their skills to a higher level.
The club continues to source funding and to fundraise within the club to improve the venue and to update old and wornout equipment and purchase new equipment to develop new skills, however, during the pandemic, we were unable to hold any of our planned fundraisers.
May 2020, we were still in Lockdown, so our zoom sessions continued. July, we were open again, with set covid restrictions, which meant that we had to adhere to the social distancing rules set out by BG and the government, sanitising and regular cleaning of equipment. The club managed to refurbish the small gym, so that we were able to ensure the safety of the gymnasts, making the groups smaller. Parents/carer spectating was not able to take place. November saw another lockdown and then again from January 2021 until April, which meant that we had to revert to our online sessions once again.
We continue to follow our development plan to increase participation at the club, to create the opportunity for all children and adults to take part in healthy recreation. We will continue to provide pathways for talented gymnasts to compete and we will continue to improve the facility further purchasing new equipment and developing the level of the skills and qualifications of our coaches. We have three newly qualified young coaches passing their first level this year.
Community links
The club has hosted Festivals year on year for a large number of primary schools giving the opportunity for children to experience gymnastics in a purpose-built facility. The pandemic did put a hold on this for some time, but once we were able to reopen again, the Schools Coordinator got in touch to arrange festivals once again. We continue to have regular independent bookings from schools to access the facility, giving their children the opportunity to develop their gymnastics to a higher level. From these links, we have attracted many new members into the sport. Our links with the local community continue, however due to the pandemic, this year, the festival at Torworth, has been postponed.
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Retford Gymnastics Club
Report of the Trustees for the Year Ended 31 May 2021
OBJECTIVES AND ACTIVITIES Holiday sessions
Once we were able to reopen, holiday sessions provided the opportunity for members and non- members to take part in our fun sessions and were well attended.
Fundraising has been limited due to the pandemic, not being able to invite parents/carers to events, proved difficult when planning. We look forward to be able to plan competitions and additional festivals very soon.
FINANCIAL REVIEW Reserves policy
The trustees monitor the reserves on a regular basis and consider the current reserves sufficient for the Charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1125671
Principal address
Unit 4-10 The Old Timber Shed Baulk Lane, Torworth Retford Nottinghamshire DN22 8PB
Trustees
Miss C Brinkley Mrs S Jarvis K Smith J Briggs
Independent Examiner
Nick Heawood-Ferriter MAAT Wright Vigar Limited Chartered Accountants & Business Advisers Chancery Court 34 West Street Retford Nottinghamshire DN22 6ES
Approved by order of the board of trustees on 6 April 2022. and signed on its behalf by:
CBrinkley CBrinkley (Apr 6, 2022 19:25 GMT+1) .................................................................... Miss C Brinkley - Trustee
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Independent Examiner's Report to the Trustees of Retford Gymnastics Club
Independent examiner's report to the trustees of Retford Gymnastics Club
I report to the charity trustees on my examination of the accounts of Retford Gymnastics Club (the Trust) for the year ended 31 May 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Nick Heawood-Ferriter MAAT
Wright Vigar Limited Chancery Court 34 West Street Retford Nottinghamshire DN22 6ES
Date: 6 April 2022
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Retford Gymnastics Club
Statement of Financial Activities for the Year Ended 31 May 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities 203,555 Other trading activities 2 2,612 Total 206,167 EXPENDITURE ON Charitable activities Support costs 176,040 32,470 Total 208,510 NET INCOME/(EXPENDITURE) (2,343) RECONCILIATION OF FUNDS Total funds brought forward 268,204 TOTAL FUNDS CARRIED FORWARD 265,861 |
2020 Total funds £ 270458 5,907 276,365 227,998 38,244 266,242 10,123 258,081 268,204 |
|---|---|
The notes form part of these financial statements
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Retford Gymnastics Club
Balance Sheet
31 May 2021
| 2021 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 242,107 CURRENT ASSETS Debtors 6 160 Cash at bank 23,594 23,754 CREDITORS Amounts falling due within one year 7 - NET CURRENT ASSETS 23,754 TOTAL ASSETS LESS CURRENT LIABILITIES 265,861 NET ASSETS 265,861 FUNDS 8 Unrestricted funds 265,861 TOTAL FUNDS 265,861 |
2020 Total funds £ 246,603 645 27,558 28,203 (6,602) 21,601 268,204 268,204 268,204 268,204 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 6 April 2022 and were signed on its behalf by:
CBrinkley
CBrinkley (Apr 6, 2022 19:25 GMT+1)
............................................. C Brinkley - Trustee
Kevin Smith (Apr 6, 2022 20:01 GMT+1)
............................................. K Smith - Trustee
The notes form part of these financial statements
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Retford Gymnastics Club
Notes to the Financial Statements for the Year Ended 31 May 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Financial reporting standard 102 - reduced disclosure exemptions The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 2% on cost Gym equipment - 10% on reducing balance Office equipment - 20% on reducing balance
The trustees and independent examiner have reviewed the asset values and are happy they are fairly valued in the accounts.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | |||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Bank Interest | 3 | 211 |
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Retford Gymnastics Club
Notes to the Financial Statements - continued for the Year Ended 31 May 2021
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 May 2021 nor for the year ended 31 May 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 May 2021 nor for the year ended 31 May 2020.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Charitable activities | |
| General | 276,566 |
| Other trading activities | 211 |
| Total | 276,777 |
| EXPENDITURE ON | |
| Raising funds | 266,654 |
| NET INCOME | 10,123 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 258,081 |
| TOTAL FUNDS CARRIED FORWARD | 268,204 |
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Retford Gymnastics Club
Notes to the Financial Statements - continued for the Year Ended 31 May 2021
| 5. TANGIBLE FIXED ASSETS Leasehold improvements £ COST At 1 June 2020 98,000 Additions 3,139 At 31 May 2021 101,139 DEPRECIATION At 1 June 2020 1,960 Charge for year 2,023 At 31 May 2021 3,983 NET BOOK VALUE At 31 May 2021 97,156 At 31 May 2020 96,040 6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors 8. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
Gym equipment £ 155,777 8,032 163,809 15,578 14,823 30,401 133,408 140,199 At 1.6.20 £ 268,204 268,204 Incoming resources £ 206,167 206,167 |
Office equipment Totals £ £ 12,955 266,732 4,236 15,407 17,191 282,139 2,591 20,129 3,057 19,903 5,648 40,032 11,543 242,107 10,364 246,603 2021 2020 £ £ 160 645 2021 2020 £ £ - 6,602 Net movement At in funds 31.5.21 £ £ (2,343) 265,861 (2,343) 265,861 Resources Movement expended in funds £ £ (208,510) (2,343) (208,510) (2,343) |
|---|---|---|
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Retford Gymnastics Club
Notes to the Financial Statements - continued for the Year Ended 31 May 2021
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.6.19 £ Unrestricted funds General fund 258,081 TOTAL FUNDS 258,081 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 276,777 TOTAL FUNDS 276,777 |
Net movement At in funds 31.5.20 £ £ 10,123 268,204 10,123 268,204 Resources Movement expended in funds £ £ (266,654) 10,123 (266,654) 10,123 |
|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2021.
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Retford Gymnastics Club
Detailed Statement of Financial Activities
for the Year Ended 31 May 2021
| INCOME AND ENDOWMENTS Charitable activities Fees Grants Other trading activities Bank Interest Other income Total incoming resources EXPENDITURE Charitable activities Coaching fees Rent and rates Competition entry Support Costs Insurance Light and heat Telephone Postage and stationery Sundries Property repairs Improvements to property Gym equipment Fixtures and fittings Total resources expended Net (expenditure)/income |
2021 £ 160,174 43,381 203,555 3 2,609 2,612 206,167 146,932 28,028 1,080 176,040 698 3,570 625 64 3,308 4,302 2,023 14,823 3,057 32,470 208,510 (2,343) |
2020 £ 245,458 25,000 270,458 211 5,696 5,907 276,365 185,933 37,065 5,000 227,998 688 4,904 980 2,820 5,755 2,967 1,960 15,578 2,591 38,244 266,242 10,123 |
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This page does not form part of the statutory financial statements
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