2021-05-31-accounts - Chelmsford Gymnastics Club Limited

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		Page
Trustees' Annual Report		1-5
Independent Examiner's	Report	$4
Funds Statements;-
Statement of Financial Activities		9
Statement of Financial Activities - Prior Year statement		10
Movement in funds		11
Balance sheet		12
Cash flow statement		13
Notes to the accounts		14-20

				2021	2020
		Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
INCOME ON:	Notes	R	R		g
Donations, grants and legacies	6	152,644		152,644	92,017
Charitable activities	7	125,598		125,598	374,667
Other trading activities	8	10,971		10,971	6,382
Investment Income	9	1		1	2
Total income		289,214		289,214	473,068
EXPENDITURE ON:
Charitable activities		353,438		353,438	462,478
Total expenditure	10	SrrUI		SFAZIt	~8W78
Net income for the year		(64,224)		(64,224)	10,590
Funds brought forward		39,158	2,300	41,458	30,868
Funds carried forward		~26,066	2,300	~22,766	41,458

		M	ovementlnrevenueandca	ital funds forthe	earended31Ma	2 21
						2021	2020
				Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
				f
Accumulated		funds brought forward		39,158	2,300	41,458	30,868
Recognised		gains and	losses before transfers	(64,224)		(64,224)	10,590
Closing revenue funds				(25,066)	2,300	(22,766)	41,458
						2021	2020
Summary	offunds			Unrestricted	Restricted	Total	Total
				Funds	Funds	Funds	Funds
				R	g	R
Revenue accumulated			funds	(25,066)	2,300	(22,766)	41,458

			Chelmsford	G nastlcs Club	G nastlcs Club	G nastlcs Club	Limited
				Balance	Sheet
				a 1 Ma		2021
					2021			2020
Fixed assets
Tangible fixed assets			16				1,885		8,627
Current assets
Stocks			17	3,000			3,000
Debtors			18	3,892			9,465
Cash at bank and i:m	in n	hand fallin	26,574 33,466 10 ~16,450				28,986 41,451 8,620
Net current assets							17,016		32,831
Liabilities arlsln	after 1 ear		20				(41,667)
Total net deflcl	assets ofthe charl						(22,766		41,458
The total net assets		ofthe charity	are funded	by the funds		of the	charity, as follows:-
Restricted Funds Unrestricted Funds			22 21			2,300 ~25 066			2,300 39,158
TotalFunds							(22,766)		41,458

									Notes	2021 f	2020f
Cash flows from operating	activities									(2,412)	8,862
Cash flows from investing	activities
Purchase of property, plant and equipment											(2,851)
Net cash provided by/(used	in) investing		activities								(2,851)
Change in cash and cash equivalents in the Cash and cash equivalents at the beginning					reporting period ofthe reporting		period			~2,412 28,986	6,011 22,975
Cash and cash equivalents	at the end	of	the		reporting	period				26,574	28,986
NOTES TO THE CASH FLOW STATEMENT
										2021f	2020f
Reconciliation of Net Income to Net Cash				Flow from		Operating		Activities
Net income for the reporting	period									(64,224)	10,590
Depreciation charges									12	6,742	13,169
(Increase) in debtors									18	5,573	(4,645)
(Decrease) in creditors									19	49,497	(10,252)
Net cash provided byl (used in) operating				activities						2,412	8,862
Analysis ofCash and Cash	Equivalents
										2021 f	2020 f
Cash at bank and in hand										26,574	28,986
										26,574	28,986

Other trading income
	Unrestricted	Restricted	Total Funds	Total Funds
	Funds	Funds	2021	2020
	R	R	R	R
Gym hire	810		810	635
Online sale of kit	8,948		8,948	4,063
Activities to raise funds for the charity	1,213		1I213	1,684
	10,971		10,971	6,382

Unrestricted	Restricted	Total Funds	Total Funds
Funds	Funds	2021	2020
R			R

es to the accounts forthe ear ended Costs ofcharitable activities	31 I@a 2021
	Unrestricted	Restricted	Total Funds	Total Funds
	Funds	Funds	2021	2020
	F.		R	R
Staff costs	217,269		217,269	283,111
Training	760		760	948
Self employed coaches	25,903		25,903	57,569
Subscriptions	767		767	7,152
Competition costs				2,678
Premises costs	76,896		76,896	74,699
General office costs	5,722		5,722	8,984
Other purchases	9,393		9,393	6,610
Governance costs (note 11)	9,986		9,986	7,558
Support costs (note 12)	6,742 353,438		6,742 353,438	13,169 462,478

Governance costs
			Unrestricted	Restricted	Total Funds	Total Funds
			Funds R	Funds	2021 f	2020
Accounts preparation	and payroll services		4,984		4,984	3,805
Fees payable to Independent Legal and professional fees		Examiner	4,984 5,002 9,986		4,984 5,002 9,986	3,805 3,753 7,558

16	were also made by the charity. No remuneration w Tangible fixed assets	as payable to any other trustee	s during the ye	ar.
			Fixtures &
		Equipment	Fittings	Total
	Cost
	At 1 June 2020	67,249	34,649	101,898
	Additions
	At 31 May 2021	67,249	34,649	101,898
	Depreciation
	At 1 June 2020	64,794	28,477	93,271
	Charge for the year	570	6,172	6,742
	At 31 May 2021	65,364	34,649	100,013
	Net book value
	At 31 May 2021	1,885		1,885
	At 31 May 2020	2,455	6,172	8,627
17	Stocks
			2021	2020
	Stocks		3,000	3,000
			3,000	3,000
18	Debtors
			2021	2020
			R	R
	Prepayments and accrued income		3,892	9,465
			3,892	9,465

Analysis of	net assets (between restrict	ed and unrestricted funds)
Current year		Tangible	Other net	31/05/2021
		fixed assets	assets	Total
Restricted funds			2,300	2,300
Unrestricted	funds	1,885	(26,951)	(25,066)
Total funds		1,885	24,651	22,766
Prior year		Tangible	Other net	31/05/2020
		fixed assets	assets	Total
		K
Restricted funds Unrestricted funds		8,627	2,300 30,531	2,300 39,158
Total funds		8,627	32,831	41,458

	2021	2020
	R	R
Not later than one year	57,600	57,600
Later than one year and not later than five years	230,400	230,400
Later than five years	52,800	110,400
	340,800	398,400