2023-05-31-accounts - Chelmsford Gymnastics Club Limited

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		Page
Trustees' Annual Report		1-5
Independent Examiner's	Report	6-8
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 tothe accounts		14-20

				2023	2022
		Unrestricted	Restricted	Total	Total
INCOME ON:	Notes	Funds	Funds	Funds	Fundsf
Donations, grants and legacies	6	0		0	7,538
Charitable activities	7	407,878		407,878	416,504
Other trading activities	8	8,596		8,596	10,415
Investment Income	9	140		140	6
Total income		416,614		416,614	434,463
EXPENDITURE ON:
Charitable activities		392,239	460	392,699	393,610
Total expenditure	10	392,239	460	392,699	393,610
Net income for the year		24,375	(460)	23,915	40,853
Funds brought forward		18,086		18,086	-22,766
Transfers
Funds carried forward		42,461	~460)	42,001	18,087

		Movement inrevenueandca	ital fundsforthe	earended31 Ma	2023
					2023	2022
			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
Accumulated	funds brought forward		18,086		18,086	(22,766)
Recognised	gains and	losses before transfers	24,375	(460)	23,915	40,853
Transfers
Closing revenue funds			42,461	(460)	42,001	18,087
					2023	2022
Summary offunds			Unrestricted	Restricted	Total	Total
			Fundsf	Funds	Funds f	Fundsf
Revenue accumulated		funds	42,461	(460)	42,001	18,087

STATEMENT OF CASH FL	OWS AND C	ON	S	OLIDATED	STATE	M	ENT OF CAS	H FLOWS
									2023	2022
								Notes
Cash flows from operating	activities								17,958	28,616
Cash flows from investing	activities
Purchase of property, plant and equipment								16	(17,483)	(5,569)
Net cash provided by/(used	in) investing		activities						(17,483)	(5,569)
Change in cash and cash equivalents		in the reporting			period				475	23,047
Cash and cash equivalents	at the beginning			ofthe reporting		period			49,621	26,574
Cash and cash equivalents	at the end	ofthe reporting			period				50,096	49,621
NOTES TO THE CASH FLOW STATEMENT
									2023	2022
Reconciliation of Net Income to Net Cash			Flow from Operating				Activities
Net income for the reporting	period								23,915	40,853
Depreciation charges								12	3,272	1,534
(increase) in debtors								18		(19)
(Decrease) in creditors								19	(9,229)	(13,752)
Net cash provided by/ (used in) operating			activities						17,958	28,616
Analysis ofCash and Cash	Equivalents
									2023	2022
										R
Cash at bank and in hand									50,096	49,621
									50,096	49,621
The notes on pages 14to 20	form an integral			part ofthese Financial			Statements.

es to the accounts for the ear ended Costs ofcharitable activities	31 Ma 2023
	Unrestricted	Restricted	TotalFunds	Total Funds
	Funds	Funds	2023	2022
Staff costs	261,321		261,321	267,922
Training				477
Selfemployed coaches	9,493		9,493	6,737
Subscriptions	599		599	885
Competition costs	1,441		1,441
Premises costs	77,336		77,336	75,241
General office costs	2,411		2,411	7,699
Other purchases	29,856		29,856	25,545
Governance costs (note 11)	6,944		6,944	6,880
Support costs (note 12)	2,838	460	3,298	1,534
	392,239	460	392,699	392,920

16	Tangible fixed assets
			Fixtures &
		Equipment	Fittings	Total
	Cost
	At 1 June 2022	72,817	34,649	107,466
	Additions	17,483		17,483
	At 31 May 2023	90,300	34,649	124,949
	Depreciation
	At 1 June 2022	66,898	34,649	101,547
	Charge for the year	3,272		3,272
	At 31 May 2023	70,170	34,649	104,819
	Net book value
	At 31 May 2023	20,130		20,130
	At 31 May 2022	5,919		5,919
17	Stocks
			2023	2022
	Stocks		3,000	3,000
			3,000	3,000
18	Debtors
			2023	2022
				K
	Prepayments and accrued income		3,911	3,911
			3,911	3,911


19	Creditors: amounts			falling due within one year
								2023	2022
	Bank loans							10,000	10,000
	Other creditors							86	86
	Accruals and deferred			income				1,840	1,840
	Taxation and social security							1,004	572
								12,930	12,498
20	Creditors: amounts			falling due within more than		one year
								2023	2022
									f.
	Bank loans							22,204	31,867
								22,204	31,867
21	Unrestricted	Income		Funds
					Balance at				Balance at
					01/06/2022	Income	Expenditure	Transfers	31/05/2023
								R
	General unrestricted		funds		18,086	416,614	392,239		42,461
22	Restricted Income Funds
					Balance at				Balance at
					01/06/2022	Income	Expenditure	Transfers	31/05/2023
							f.

Current year		Tangible	Other net	31/05/2023
		fixed assets	assets	Total
Restricted funds			(460)	(460)
Unrestricted	funds		42,461	42,461
Total funds			42,001	42,001
Prior year		Tangible	Other net	31/05/2022
		fixed assets	assets	Total
		f
Restricted funds
Unrestricted	funds		18,087	18,087
Total funds			18,087	18,087

Total future minimum lease payments under a non-cancellable opera	ting lease for rent are as follow	s:
	2023	2022
	R
Not later than one year	57,600	57,600
Later than one year and not later than five years	225,600	225,600
Later than five years		0
	283,200	283,200