## |||Page|| |---|---|---|---| |Report ofthe Trustees|1|to|8| |Report ofthe Independent
Auditors|9|to|11| |Statement ofFinancial Activities||12|| |Balance Sheet||13|| |Cash Flow Statement||14|| |Notes to the Cash Flow Statement||15|| |Notes to the Financial Statements|16|to|25| |Detailed Statement ofFinancial Activities|26|to|27| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||for|the Year|Ended 31Ma
2|022||| |---|---|---|---|---|---|---| ||||||2022|2021| ||||Unrestricted|Restricted|Total|Total| ||||fund|fund|funds|funds| |||Notes||||| |INCOME AND ENDOWMENTS FROM||||||| |Donations
and legacies|||18,607||18,607|127,618| |Charitable
activities||||||| |Gymnastics|||1,370,110||1,370,110|520,212| |Other trading activities
Investment
income||4
5|62,531
11||62,531
11|733
309| |Other income|||25,523||25,523|416,935| |Total|||1,476,782||1,476,782|1,065,807| |EXPENDITURE ON||||||| |Raising funds||7|23,806||23,806|13,085| |Charitable
activities||8||||| |Gymnastics|||1,545,015||1 545 015|1 356 149| |Total|||1,568,821||1,568,821|1,369,234| |NET INCOME/(EXPENDITURE)|||(92,039)||(92,039)|(303,427)| |Transfers between funds||23|100,000|(100,000)||| |Net movement
in funds|||7,961|(100,000)|(92,039)|(303,427)| |RECONCILIATION|OFFUNDS|||||| |Total funds brought
forward|||567,610|100,000|667,610|971,037| |TOTAL FUNDS CARRIED FORWARD|||575,571||575,571|667,610| ## |hEs|xG
lu
Limite||| |---|---|---|---| ||Balance Sheet||| ||3~ttL2( 22||| |||2022|2021| ||Notes||| |FIXEDASSETS
Tangible assets|15|341,337|368,469| |CURRENT ASSETS|||| |Stocks
Debtors
Cash at bank|16
17|8,313
56,930
464,163|4,265
44,467
719,371| |||529,406|768,103| |CREDITORS|||| |Amounts
falling due within one year|18|(102,554)|(218,962)| |NET CURRENT ASSETS||426,852|549,141| |TOTAL ASSETSLESS CURRKNT
LIABILITIES||768,189|917,610| |CREDITORS|||| |Amounts
falling due afier more than one year|19|(192,618)|(250,000)| |NKT ASSETS||575,571|667,610| |FUNDS
Unrestricted
funds|23|575,571|567,610| |Restricted funds|||100,000| |TOTAL FUNDS||575,571|667,610| ||||~Cash Fl ~Stateniggl|~Cash Fl ~Stateniggl||| |---|---|---|---|---|---|---| ||||e|1Ma||| ||||||2022|2021| ||||Notes|||| |Cash flows from operating
activities
Cash generated
from operations|||||(199,588)|(74,412)| |Net cash used in operating|activities||||(199,588)|(74,412)| |Cash flows from investing
Purchase oftangible fixed
Interest received|activities
assets||||(55,631)
11|(35,640)
309| |Net cash used in investing|activities||||(55,620)|(35,331)| |Cash flows from financing
activities
New loans in year||||||250,000| |Net cash provided by financing
activities||||||250,000| |Change in cash and cash
the reporting
period|equivalents|in|||(255,208)|140,257| |Cash and cash equivalents
beginning
ofthe reporting|at the
period||||719,371|579,114| |Cash and cash equivalents
the reporting
period|at the end|of|||464,163|719,371| ## ## ## |ACTIVITIES|||||| |---|---|---|---|---|---| |||||2022|2021| |Net expenditure
for the reporting
Financial Activities)||period (as per the Statement of||(92,039)|(303,427)| |Adjustments
for:
Depreciation
charges
Interest received||||82,763
(11)|85,967
(309)| |(Increase)/decrease
in stocks
(Increase)/decrease
in debtors
(Decrease)/increase
in creditors||||(4,048)
(12,463)
(173,790)|4,721
92,802
45,834| |Net cash used in|operations|||(199,588)|(74,412)| |ANALYSIS OF|CHANGES IN NET FUNDS||||| |||At|1.6.21|Cash flow|At31.5.22| ||||f||| |Net cash|||||| |Cash at bank||719,371||(255,208)|464,163| |||719,371||(255,208)|464,163| |Debt|||||| |Debts falling due
Debts falling due|within
1 year
atter
1 year|(250,000)||(57,382)
57,382|(57,382)
(192,618)| |||(250,000)|||(250,000)| |Total||469,371||(255,208)|214,163| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |DONATIO|NS
AND LEGACIES||| |---|---|---|---| |||2022|2021| ||||I| |Fundraising
Grants|events|7,380
11,227|194
127,424| |||18,607|127,618| ## ## ||||2022|2021| |---|---|---|---|---| |Clothing
sales
Children's
parties|||19,603
42,928|733| ||||62,531|733| |INVESTMKNT INCOME||||| ||||2022|2021| |Deposit account interest|||11|309| |INCOME FROM CHARITABLE ACTIVITIES||||| ||||2022|2021| |||Activity||f.| |Membership
fees
Recreation &preschool fees||Gymnastics
Gymnastics|538,257
721,565|254,272
251,554| |Mother &toddler|fun|||| |sessions||Gymnastics|39,179|5,003| |Adult session fees||Gymnastics|9,111|660| |Freestyle
Miscellaneous
fees||Gymnastics
Gymnastics|22,811
16,801|2,898
3,440| |Special needs fees||Gymnastics|22,386|2,385| ||||1,370,110|520,212| ## ## |7.|RAISING FUNDS|RAISING FUNDS||||| |---|---|---|---|---|---|---| ||Other trading activities||||2022|2021| ||Opening stock
Purchases||||4,265
27,854|8,986
8,364| ||Closing stock||||(8,313)|(4,265)| ||||||23,806|13,085| |8.|CHARITABLE ACTIVITIES COSTS|||||| |||||Direct|Support|| |||||Costs (see|costs (see|| |||||note 9)|note 10)|Totals| ||Gymnastics|||952,259|592,756|1,545,015| |9.|DIRECT COSTSOF CHARITABLE||ACTIVITIES|||| ||||||2022|2021| ||Staffcosts||||757,503|731,745| ||B.G. affiliation||||37,615|49,561| ||Competition
fees
Training costs
Sundry equipment
&maintenance
Travelling
contributions
Sponsorship
fees
Depreciation||||15,817
15,134
5,087
18,315
20,025
82,763|285
2,224
1,470
3,792
6,715
85,967| ||||||952,259|881,759| |10.|SUPPORT COSTS|||||| |||||||Office| |||||||staff| |||||Management|Finance|costs| ||Gymnastics|||265,859|4,549|303,184| ||||General|||| ||||overhead|Sundry|Governance|| ||||costs|costs|costs|Totals| ||||f|||| ||Gymnastics||6,464|948|11,752|592,756| ## ## |||2022|2021| |---|---|---|---| |Auditors'|reinuneration|6,614|5,700| |Depreciation - owned assets||82,763|85,967| ## ## ## |13.|STAFF COSTS||||||| |---|---|---|---|---|---|---|---| |||||||2022|2021| ||Wages and salaries
Social security costs
Other pension costs|||||990,707
48,738
21,242|958,625
43,053
18,083| |||||||1,060,687|1,019,761| ||The average monthly|number ofemployees||during|the year was as follows:||| |||||||2022|2021| ||Charitable
activities|and general office||||79|87| ||The number ofemployees||whose employee|benefits|(excluding employer pension costs) exceeded||f60,000was:| |||||||2022|2021| ||f80,001 —f90,000|||||1|1| |14.|COMPARATIVES|FOR THE STATEMENT OFFINANCIAL ACTIVITIES|||||| ||||||Unrestricted|Restricted|Total| ||||||fund|fund|funds| ||INCOME AND ENDOWMENTS FROM||||||| ||Donations
and legacies||||27,618|100,000|127,618| ||Charitable
activities||||||| ||Gymnastics||||520,212||520,212| ||Other nading activities
Investment
income||||733
309||733
309| ||Other income||||416,935||416,935| ||Total||||965,807|100,000|1,065,807| ## ||Notes to the Financial Statements -continued
for the Year Ended 31Ma
2022|Notes to the Financial Statements -continued
for the Year Ended 31Ma
2022|Notes to the Financial Statements -continued
for the Year Ended 31Ma
2022|| |---|---|---|---|---| |14.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued
Unrestricted
Restricted|||Total| |||fund|fund|funds| |||||6| ||EXPENDITURE ON|||| ||Raising funds|13,085||13,085| ||Charitable
activities|||| ||Gymnastics|1,356,149||1,356,149| ||Total|1,369,234||1,369,234| ||NET INCOME/(EXPENDITURE)|(403,427)|100,000|(303,427)| ||RECONCILIATION OFFUNDS|||| ||Total funds brought forward|971,037||971,037| ||TOTAL FUNDS CARRIED FORWARD|567,610|100,000|667,610| |15.|TANGIBLE FIXEDASSETS|||| |||Improvements||| |||to|Plant and|| |||property|machinery|Totals
f| ||COST|||| ||At 1 June 2021|230,868|807,202|1,038,070| ||Additions||55,631|55,631| ||At 31May 2022|230,868|862,833|1,093,701| ||DEPRECIATION|||| ||At 1 June 2021
Charge for year|33,134
12,826|636,467
69,937|669,601
82,763| ||At 31May 2022|45,960|706,404|752,364| ||NET BOOK VALUE|||| ||At 31May 2022|184,908|156,429|341,337| ||At 31May 2021|197,734|170,735|368,469| ## ## |16.|STOCKS|||| |---|---|---|---|---| ||||2022|2021| ||Stocks||8,313|4,265| |17.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|2022|2021| |||||f| ||Trade debtors||14,546|12,250| ||Prepayments||42,384|32,217| ||||56,930|44,467| |18.|CREDITORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR|||| ||||2022|2021| ||||f|f| ||Bank loans and overdrafis
Trade creditors|(see note 20)|57,382
1,861|10,914| ||Social security and other taxes
Other creditors||571|17,735
361| ||Accruals and prepaid income||42,740|189,952| ||||102,554|218,962| |19.|CREDITORS: AMOUNTS FALLING DUE AFTERMORE THAN ONE YEAR|||| ||||2022|2021| ||||8|f| ||Bank loans (see note 20)||192,618|250,000| |20.|LOANS|||| ||An analysis ofthe maturity|ofloans is given below:||| ||||2022|2021| ||Amounts
falling due within one year on demand:
Bank loans||57,382|| ||Amounts
falling between one and two years:
Bank loans - 1-2 years||60,233|57,382| ||Amounts
falling due between two and five years:
Bank loans
—2-5 years||132,385|192,618| ## ## ||Minimmn
leas|e payments
under|non-cancellable
operating
leases|fall due as follo|ws:|| |---|---|---|---|---|---|---| ||||||2022|2021| ||In more than five years||||104,765|103,123| |22.|ANALYSIS OF NET ASSETS||BETWEEN FUNDS|||| ||||||2022|2021| ||||Unrestricted|Restricted|Total|Total| ||||fund|fund|funds|funds| |||||f||| ||Fixed assets||341,337||341,337|368,469| ||Gurent assets||529,406||529,406|768,103| ||Current liabilities||(102,554)||(102,554)|(218,962)| ||Long term liabilities||(192,618)||(192,618)|(250,000)| ||||575,571||575,571|667,610| |23.|MOVEMENT IN FUNDS|||||| |||||Net|Transfers|| |||||movement|between|At| ||||At 1.6.21|in funds|funds|31.5.22| ||Unrestricted|funds||||| ||General fund||567,610|(92,039)|100,000|575,571| ||Restricted funds|||||| ||Charitable
reserve||100,000||(100,000)|| ||TOTAL FUNDS||667,610|(92,039)||575,571| ||Net movement|in funds, included|in the above are as follows:|||| |||||Incoming|Resources|Movement| |||||resources|expended|in funds| ||||||f.|| ||Unrestricted|funds||||| ||General fund|||1,476,782|(1,568,821)|(92,039)| ||TOTALFUNDS|||1,476,782|(1,568,821)|(92,039)| ## ## ## |||||||Net|| |---|---|---|---|---|---|---|---| |||||||movement|At| ||||||At 1.6.20|in funds|31.5.21| |Unrestricted
funds|||||||| |General fund|||||971,037|(403,427)|567,610| |Restricted funds|||||||| |Charitable
reserve||||||100000|100000| |TOTAL FUNDS|||||971,037|(303,427)|667,610| |Comparative
net movement||in funds, included in the||above are as follows:|||| ||||||Incoming|Resources|Movement| ||||||resources|expended|in funds| ||||||||f.| |Unrestricted
funds|||||||| |General fund|||||965,807|(1,369,234)|(403,427)| |Restricted funds|||||||| |Charitable
reserve|||||100,000||100,000| |TOTAL FUNDS|||||1,065,807|(1,369,234)|(303,427)| |A current year 12months|and prior year||12months combined position is as follows:||||| ||||||Net|Transfers|| ||||||movement|between|At| ||||At 1,6.20||in funds|funds
f|31.5.22| |Unrestricted
funds|||||||| |General
fund||||971,037|(495,466)|100,000|575,571| |Restricted funds|||||||| |Charitable
reserve|||||100,000|(100,000)|| |TOTAL FUNDS||||971,037|(395,466)||575,571| ## ## |A current year 12months
and prior year 1
as follows:|2 months
combined
net movement
in|funds, included
i|n the above
| |---|---|---|---| ||Incoming|Resources|Movement| ||resources|expended|in funds| |||f.|| |Unrestricted
funds|||| |General fund|2,442,589|(2,938,055)|(495,466)| |Restricted funds|||| |Charitable
reserve|100,000||100,000| |TOTALFUNDS|2,542,589|(2,938,055)|(395,466)| ## ## ## |Detailed Statement ofF
for the Year Ended|inancial Activities
31Ma
20|| |---|---|---| ||2022|2021f| |INCOME AND ENDOWMENTS||| |Donations
and legacies
Fundraising
events
Grants|7,380
11,227|194
127,424| ||18,607|127,618| |Other trading activities
Clothing
sales|19,603|733| |Children's
parties|42,928|| ||62,531|733| |Investment
income||| |Deposit account interest||309| |Charitable
activities||| |Membership
fees
Recreation dt preschool fees|538,257
721,565|254,272
251,554| |Mother Brtoddler fun sessions|39,179|5,003| |Adult session fees|9,111|660| |Freestyle
Miscellaneous
fees|22,811
16,801|2,898
3,440| |Special needs fees|22,386|2,385| ||1,370,110|520,212| |Other income||| |Insurance
claim||20,000| |Room hire|60|| |Job retention
scheme grants
Government
grants|18,330
7,133|375,182
21,753| ||25,523|416,935| |Total incoming resources|1,476,782|1,065,807| |EXPENDITURE||| |Other trading
activities
Opening stock
Clothing costs
Closing stock|4,265
27,854
(8,313)|8,986
8,364
(4,265)| ||23,806|13,085| |Charitable
activities||| |Coaching fees
Carried forward|687,523
687,523|670,609
670,609| ||||Detailed State|f|Financial|Activities||| |---|---|---|---|---|---|---|---|---| ||||for the Year|End|1Ma|2022||| ||||||||2022|2021| |Charitable
activities||||||||| |Brought forward
Social security
Pensions|||||||687,523
48,738
21,242|670,609
43,053
18,083| |B.G.affiliation|||||||37,615|49,561| |Competition
fees
Tl'anung
costs
Sundry equipment
6t lnaintenance
Travelling
contributions
Sponsorship
fees
Improvements
to properly
Plant and machinery|||||||15,817
15,134
5,087
18,315
20,025
12,826
69,937|285
2,224
1,470
3,792
6,715
12,826
73,141| ||||||||952,259|881,759| |Support costs||||||||| |Management
Rent dt other hall costs|||||||189,855|86,749| |Buildings
insurance
Building maintenance
Computer
maintenance|6t sofbvare||||||4,541
5,667
65,796|2,981
8,532
62,005| ||||||||265,859|160,267| |Finance||||||||| |Bank charges|||||||4,549|4,243| |Office staff costs
General office staff|||||||303,184|288,016| |General overhead
costs||||||||| |Advertising
Postage and stationery
Clothing|||||||7
5,471
986|1,152
3,018
142| ||||||||6,464|4,312| |Sundry costs
Sundries|||||||948|226| |Governance
costs||||||||| |Auditors'
remuneration|||||||6,614|5,700| |Accountancy
and professional||fees|||||5,138|11,626| ||||||||11,752|17,326| |Total resources expended|||||||1,568,821|1,369,234| |Net expenditure|||||||(92,039)|(303,427)|