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2021-08-31-accounts

Page
Charity information 1
Trustees'
Annual
Report		 1
Statement ofdirectors' responsibilities 12
Independent
Examiner's		 Report 14
Funds Statements:-
Statement of Financial Activities 16
Movements
in funds		 17
Revenue
Funds		 17
Fixed Asset funds 18
Income and Expenditure account 19
Summary
offunds		 18
Balance sheet 20
Cash flow statement 21
Notes to the accounts 22

more fully detailed
in the accounts,		 can be summaris ed
as follows:-
2021 2020
Net (expenditure)/income (91,460) (33,616)
Unrestricted
Revenue Funds available
general
purposes
ofthe charity		 for the 332,012 362,230
Designated
Fixed Asset Funds		 335,842 397,084
Total Unrestricted
Funds		 667,854 759,314
Restricted
Revenue
Funds
Total Funds 667,854 759,314


year ended 31Aug		 ust 202 1,as required by the C ompanie s
ct		 ) )
f
Re		 Current
Unrestdicted		 year
Funds		 Current
Restricted		 year
Funds		 Current year
Total Funds		 Prior Year
Total Funds
2021
E		 2021
6		 2021
6		 2020
6
Income & Endowments from:
Donations
&Legacies
Charitable
activities
Other trading
activities
Investments		 A1
A2
A3
A4		 29,473
359,028
13,894
1,033		 119,305 148,778
359,028
13,894
1,033		 154,795
551,740
10,933
1,897
Total income A 403,489 119,305 522794 719365
Expenditure
on:
Raising funds
Chaditable
activities		 B1
62		 63
494,886		 119,305 63
614,191		 4,525
748,457
Other B3
Total expenditure 494,949 119,305 614,254 752.982
Net expenditure
for		 the year (91,460) (91460) (33617)
Net income after transfers A-64: (91,460) (91,460) (33,617)
Net movement
in funds		 (91,460) (91460) (33617)
Reconciliation
of funds:-		 E
Total funds brought forward 759,314 759314 792931
Total funds carried forward 667,854 667,854 759314

Statement ofTotal Recognised Gai ns and L osses for the ye ar e ne g
2021 2020
E E
(Deficit)/Surplus
for the year:
Net excess of (expenditure)
over income		 before tax (91,460) (33,616)
Realised loss on disposal of fixed assets
Income from operations
belore tax in		 the Statement ofFinancia/ Activities (91,460) (33,616)
Net Movement
in funds before taxation		 (91,460) (33,616)
F
d
g
tldth
y
i
t		 fn ilaÃi ~
Pinewood
Gymnastics
Club Limited -Resources applied		 in the year ended 31August 2021
towards
fixed assets for Charity use:-		 2021 2020
6 E
Funds generated
in the year as detailed
in the SOFA
Resources applied
on functional
fixed assets		 (91,460)
(1,860)		 (33.616)
(16,474)
Net resources available to fund charitable activities (93,320) (50,090)

Unrestricted Restricted Total Last year
Funds Funds Funds Total Funds
2021 2021 2021 2020
Accumulated
funds
Transfer
(to)/from
Recognised
gains		 brought
forward
designated
funds
and losses		 E
362,230
61,242
(91,460)		 E E
362,230
61,242
(91,460)		 E
343,505
52,341
(33,616)
332,012 332012 362 230
Closing revenue funds 332,012 332,012 362,230

Designated Fixed Fixed Asset funds Asset funds Asset funds Total Last Tsar
FUIIds Total Funds
2021 2020
E L'
At 1 September
Transfer (to)/from		 revenue accumulated funds 397,084
(61,242)		 449,425
(52,341)
At 31August 335,842 397,084
The purposes for which these funds have been designated are described in Note 22 to the accounts.
Summary
of funds		 Unrestricted
and		 Restricted
Funds		 Total
Funds		 Last Year
TotalFunds
Designated funds
2021 2021 2021 2020
E E E E
Revenue
accumulated		 funds 332,012 332,612 362,230
Revenue
designated		 funds 335,842 335,842 397,084
Total funds 667,854 667,854 759,314

Companies
Act		 20 06
2021 2020
6
Income
Income from operations 521,700 717,468
Gift aid donations
received from		 subsidiary undertaking
Investment
income
Interest receivable 1,033 1,897
Gross income
in the		 year before exceptional items 522,794 719,365
Gross income in the year including exceptional items 522,794 719,365
Expenditure
Charitable
expenditure,		 excluding depreciation and amorlisation 549,589 678,142
Depreciation
and amortisation		 63,102 68,815
Fundraising
costs		 63 4,525
Governance
costs		 1,500 1,500
Total expenditure in the year 614,254 752,962
Deficit before tax for the year (91,460) (33,617)
Tax on deficit on ordinary activities
Net deficit after tax (91,460) (33,617)
Retained deficit for the financial year (91,460) (33,617)
Ag activities derive from continuing operations

Pinewood Gym nastics
Club		 Limite d - B alance She et as at 3 1August 20 21
SORP
Note Ref 2021 2020
6
Fixed assets A
Tangible assets 8 A2 335,842 397,084
Investments held as fixed assets 9 A4 100 100
Total fixed assets 335,942 397,184
Current assets B
Stocks B1 3,212 5,049
Debtors 12 B2 26,382 26,260
Cash at bank and in hand 84 431,381 413,236
Total current assets 460,975 444,545
Creditors: amounts falling due within
one year 13 C1 (129,063) 82,415)
Net current assets 331,912 362,130
Net assets 667,854 759,314
Net assets are funded by the funds ofthe charity, as follows:-
unrestricted Funds
Unrestricted Revenue Funds 20 D3 332,012 362,230
Designated Funds
Designated Fixed Asset Funds 20 D3 335,842 397,084
Total charity funds 667,854 759,314

Pinewood
Gymnastics
Club Limited		 Pinewood
Gymnastics
Club Limited		 Pinewood
Gymnastics
Club Limited		 Pinewood
Gymnastics
Club Limited
Cash Flow Statement for the year ended
Cash flows from operating
activities
Net cash used in operating
activities as shown
below		 31August
2021
2021f
*,		 2020
~66,
9
Cash flows from investing
activities
Interest received 1,033 1,897
Proceeds from sale ofproperty,
plant and equipment
Purchase ofproperty,
plant and equipment		 (1,860) (16,474)
Net cash used in investing
acitivities		 8 ~027 ~4517.
Cash flows from financing
activities
Cash infiowa from new borrowings
Overall cash used in all activities 0 12096 ~400 696
Cash movements
Change
in cash and cash equivalents
from activities		 in the
year ended 31 August 2021 12,096 (80,636)
Cash and cash equivalents
at
1 September		 2020 413,236 493,872
Cash at bank and in hand less overdrafts at 31August 425,332 413,236
Reconciliation
of net expenditure
to net		 cash flow from operating activities
Net expenditure
as shown
in the SOFA		 (91,460) (33,616)
Adjustments
for:-
Depreciation
charges		 63,102 68,814
Dividends,
interest and rents from investments		 (1,033) (1,897)
Decrease
in stocks		 1,837 (4,000)
Increase
in debtors		 (122) 12,941
Decrease
in creditors		 40,599 (108,301)
Net cash used by operating
acitivites		 A 12,923 (66,059
Analysis ofcash and cash equivalents
2021f 2020f
Cash and bank
in hand at 31stAugust		 431,381 413,236
Notice deposits - (less than 3 months)
Overdrafts
facility repayable
on demand
Total cash and cash equivalents		 ~6,049
425,332		 413,236

Staff costs and emoluments
Salary costs 2021 2020
6
Gross Salaries excluding
trustees
and key management
personnel		 433,839 535,456
Employer's
National
Insurance
for all staff		 24,813 27,650
Employer's
operating
costs ofdefined
contribution		 pension schemes 7,497 8,017
Total salaries, wages and related costs 466,149 571,123
Staff costs and emoluments
(continued)
Numbers offull time employees
or full time equivalents		 2021 2020
The average
number
oftotal staff employed
in the year was		 53 85
The average
number
of part time staff employed		 in the year was 44 77
The average
number
of full time staff employed
in the year was		 g 8
The estimated
full time equivalent
number of ag staff employed		 in the year was 18 18
The estimated
equivalent
number offull time		 staff deployed in differenf activities in the year wes:-
Engaged on charitable
activities		 13
Engaged on management
and administration		 5
The estimated
full time equivalent
number of		 ail staff employed as above 18 18
Neither the trustees
nor any persons connected
with them have		 received any remuneration from the charity or any
related entity or been reimbursed
any expenses,		 either in the current or prior year.

Deferred incom e - Unre str icted
and Designate		 d
funds
Opening Released Received Deferred
Defsrrals from prior less released at year end
years In year
g 6
Fees and charges received in advance 45,468 (45,468) 94,617 94,617
Total 45,468 (45,468) 94,617 94,617
2021 2020
6
These deferrals are included in creditors 94,617 45,468

8 Tangible fi xed assets
Land 6
Buildings		 Plant 6
Machinery		 Long
Leasehold		 Total
Cost
At 1 September 2020 338,782 341,159 147,265 827,226
Additions 1,860 1,860
At 31August 2021 338,782 343,019 147,285 829,086
Depreciation
At 1 September 2020 75,517 260,007 94,618 430,142
Charge for the year 24,745 32,861 5,496 63,102
At 31August 2021 100,262 292,868 100,114 493,244
Net book value
At 31August 2021 238,520 50,151 47,171 335,842
At 31August 2020 263,265 81,152 52,667 397,084
9 Investments held as fixed assets
Investment
in subsidiary		 Listed
Investments		 Other
Classes of
Investment		 Total
Carrying values of investments
At 1 September 2020 100 100
At 31August 2021 100 100
Analysis
between fair value and historical cost
Investments as above held at fair value 100 100
The company holds 20%or more ofthe share capital of the following companies:
Capita I snd Profit (loss)
Company shares held mserv es for the year
Class 6 6
PGC Trading Limited Ordinary 100 (3,819) (1,456)

Asummar y
ofthe unaudited
financial statements
ofthe subsidiary		 is:-
2021 2020
E E
Assets and Funds
Aggregate amount ofassets 14,849 12,830
Aggregate amounts
of liabilities
Aggregate amount offunds (3,819) (2,363)
Profit and Loss
Turnover net of VAT 10,560 38,511
Expenses net of VAT (12,016) (40,463)
Net loss for the year before fex (1,456) (1,952)
Net loss for the year after fax and gift eld

Amounts
 owing to and from the subsidiary
ar
 owing to and from the subsidiary
ar
 e shown
in the not		 es relating
to creditors		 and deb tors.
11 Stocks 8 Work in Progress 2021 2020
E E
Stocks before write downs 3,212 5,049
3,212 5,049
12 Debtors
2021 2020
E E
Trade debtors 2,189
Amounts loaned owed by group undertakings and undertakings in which the company has
a participating interest 16,500 13,500
Prepayments and accrued income 7,693 12,760
26,382 26,260

13 Creditors: amounts falling falling due within due within due within one year one year one year 2021 2020
6 6
Bank loans and overdrafts 6,049
Accruals for grants payable
Trade 8 Operating
Creditors		 7,324 4,384
Accruals 17,993 27,363
Statutorv redundancv pavments 2,098
Deferred
Income - Unrestricted		 &designated funds 94,617 45,468
Amounts
owed to group		 undertakings and undertakings in which the company has a
participating
interest		 1,274 1,341
Other creditors 1,806 1,761
129,063 82,415
The amount due to the group undertaking represents payments collected on behalf of the subsidiary
ofEt,274 (2020-
f1,3419
14 Pension commitments
2021 2020
8 6
Pension commitmenfs under defined contribution schemes:-
within one year 8,000 7,200
8,000 7,200
15 Financial commitments under operating leases 2021 2020
8 6
At the year end the charity had commitments under non-cancellable operating
leases as set out below:
Annual Total
Commitment Commitment
in next year remslnins
over whole
Operating
leases which		 expire:
within
two to five years		 2,146 6,451
in over five years 6,976 59,878
9,122 66,329
16 Contractual
capital		 commitments 2021 2020
6 6
At 31stAugust 2020, the charity had entered into contractual commitments for internal
refubishment
works, which had		 not been completed by 31stAugust 2021.The work was
completed
after 31stAugust		 2021 and an amount of 63,415 remained commited at 31st
August 2021.However, in view ofthe COVID Pandemic, this committment was deferred.
These amounts
have not been		 provided in the accounts.
3,415 3,415
3,415 3,415

Pinewood
Gymnastics
 Club Limited
Notes to the Accounts for the year ended 31August 2021
17Income and Expenditure account summary 2021f 2020f
At 1 September 2020 759,313 792,930
(Loss)/Surplus
after tsx for the year		 (91,460) (33,617)
At 31August 2021 667,853 759,313

Particulars
ofhow particular funds a		 Particulars
ofhow particular funds a		 re represented
by assets an		 d liabilities
At 31August 2021 Unrestricted Designated Restricted Total
funds
f		 funds
f		 fundsf Funds
f
Tangible Fixed Assets 335,842 335,842
Investments
at valuation:-
Fixed asset investments 100 100
Current Assets 460,975 460,975
Current Liabilities (129,063) (129,063)
332,012 335,842 667,854
At 1September 2020 Unrestricted Designated Restricted Total
funds funds
f		 fundsf Funds
f
Tangible Fixed Assets 397084 397,084
Fixed asset investments 100 100
Current Assets 444,545 444,545
Current Liabilities (82,415) (82,415)
362,230 397,084 759,314

20 Change
in		 total f un ds o ver the year as show n
in Note 19,analys		 ed
by ind		 ed
by ind		 ed
by ind		 ivid ual
f		 unds
FIInds Movement in Funds
brought funds in 2021 Transfers carried
forward
from		 between forward to
2020 funds in 2021 2022
See Note 21 See Note 0
6 6
Unrestricted and designated funds:-
Unrestricted Revenue Funds 362,230 (91,460) 61,242 331,667
Designated Fixed Asset Funds 397,084 (61,242) 335,842
Total unrestricted and designated funds 759,314 91,460 667,509
Restricted funds:-
Government COVID Grant
Total restricted funds
Total charity funds 667,509
21 Analysis ofmovements in funds over the year as shown
in Note		 20
Other
Income Expenditure Gains 8 Movement
Losses in funds
2021 2021 2021 2021
6 6 6 6
Unrestricted and designated funds:-
Unrestricted Revenue Funds 403,489 (494,949) (91,460)
Restricted funds:-
Government COVID Grant 119,305 (119,305)
4 ~414. 44 91,460)

24 Prior year analysis ofrestricted funds
All income
in the prior year was unrestricted,		 other than the Covid Job Retention Scheme Grants of
f125,153.All expenditure
was unrestricted		 apart from the wages funded by the JRS scheme of
the F125,153and a donation
to Children		 in Need off1,077.
25 Donations
and Legacies		 Current year current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
2021 2021 2021 2020
f f f f
Donations
and gifts from individuals
Small donations
individually
less than
f1000		 2,473 2,473
Donation
from Visa		 1,545
Total donations
and gifts from
individuals		 2,473 2,473 1,545
Revenue grants &donations
from public		 bodies
UK Government
Covid Grant		 119,305 119,305 125,153
COVID Grant from Wokingham
Borough
Council		 27,000 27,000 25,000
Total public sector revenue grants 27,000 119,305 146,305 150,153
Revenue grants &donations
from non public		 bodies
Donation
from Visa		 3,097
Total private sector revenuo
grants		 3,097
Total Donations
and Legacies		 A1 29,473 119,305 148,778 154,795

Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
2021 2021 2021 2020
E E E E
Primary purpose
and ancillary trading
Primary purpose
trading		 - Sale ofgoods
and services in accordance with the 344,728 344,728 499,866
charity's objects
Membership subscriptions 13,627 13,627 41,504
Recharged
income from subsidiary		 674 674 7,913
Other trading activities 2,457
Total Primary purpose
trading		 and ancillary 359,029 359,029 551,740
27 Total Income from charitable
activities
Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
E E E E
2021 2021 2021 2020
Total income from charitable trading 359,029 359,029 551,740
Total from charitable ecllvifies A2 359,029 359,029 551,740

28 Income from other, Income from other, non charitable, non charitable, trading activities
2021 2021 2021 2020
Current year Current year Current year Prior Year
Unrestricted Total Funds Total Funds
Funds Restricted Funds
2021 2021 2021 2020
E E E
Income from fundraising activities 803 803 10,933
Total from other activities A3 803 803 10,933
29 Investment income
Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
2021 2021 2021 2020
E E E E
Bank Interest Receivable 396 396 1,160
Non Bank interest receivable 637 637 737
Total investment
income		 A4 1,033 1,033 1,897
30 Expenditure on charitable activities - Direct spending
Current year Current year Current year Pdior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
2021 2021 2021 2020
E E E E
Gross wages and salaries
activities		 - charitable 214,805 119,305 334,110 411,526
Statutory redundancy payments 262
Employers' Nl - Charitable activities 18,558 18,556 19,433
Defined contribution
charitable
activities		 pension costs- 7,497 7,497 5,624
BG membership
and		 insurance 2,081 2,081 2,773
Total direct spending B2a
242,941		 119,305 362,246 439,618
31 Expenditure on charitable activities - Charitable
trading
Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
2021 2021 2021 2020
E E E E
Cost ofgoods for
trading		 primary purpose 3,738 3,738 10,429
Marketing
purpose		 and advertising
trading		 of primary 206 206 413
Gym Hire
Total charitable trading costs B2b 3,944 3,944 10,842

Current year Current year Current year Prior Year
Unrestricted Restricted Funds TotalFunds Total Funds
Funds
2021 2021 2021 2020
E E E
Donations made to other charities 1,077
Total grantmaking costs B2c 1,077

33 Support costs for charitable Support costs for charitable activities
Current year Current year Current year Prior Year
unrestricted Restricted Funds Total Funds Total Funds
Funds
2021 2021 2021 2020
6 6 6 6
Employee costs not included in direct costs
Salaries - Administrative
staff		 99,729 99,729 123,930
Statutory redundancy
payments		 1,836
Defined contdibution
pension
administrative
staff		 cost- 2,393
Employers'
Nl - Administrative		 staff 6,255 6,255 8,217
Training
and welfare - staff		 612 612 5,476
Staff Clothing 1,657
Christmas
Party		 1,434
DBScosts 715 715 499
Premises Expenses
Rent payable
under operating		 leases 8,086 8,086 6,286
Rates and water charges 637 637 2,756
Light heat and power 11,280 11,280 14,914
Cleaning
and waste management		 17,343 17,343 16,012
Premises repairs, renewals and 3,214
Property insurance 4,948 4,948 4,929
Administrative
overheads
Telephone,
fax and internet		 2,293 2,293 2,234
Postage 17 17 15
Stationery
and pdinting		 6,878 6,878 4,418
Software licences and expenses 668 668 752
Health and safety costs 778 778 1,381
Sundry expenses 678 678 527
Equipment, repairs, expenses and 6,533 6,533 7,429
Eicences &Permits 786
Professional
fees paid to advisors other than		 the auditor or examiner
Accountancy
fees other than
examination
or audit fees		 3,966 3,763
HR Mentor Services 4,608 4,608 4,942
Financial costs
Bank charges 7,375 7,375 5,505
Bad and doubtful
debts		 1,300
Depreciation 6Amortisation in total for 63,102 63,102 68,815
Support costs 246,501 246,501 295,420
Total support costs 246,501 246,501 295,420

Current year Current year Current year Prior Year
unrestricted Restricted Funds Total Funds Total Funds
Funds
2021 2021 2021 2020
E E E E
Independent
Examiner's		 fees 1,500 1,500 1,500
Total Governance costs 1,500 1,500 1.500
35 Total Charitable expenditure
Current year Current year Current year Prior Year
unrestricted Restricted Funds Total Funds Total Funds
Fortes
2021 2021 2021 2020
E E E E
Total direct spending 82a 242,941 119,305 362,246 439,618
Total charitable trading costs 82b 3,944 3,944 10,842
Total grantmaking costs 82c 1,077
Total support costs 82&I 246,501 246,501 295,420
Total Governance costs 82e 1,500 1,500 1,500
Total charitable expenditure 82 494,886 119,305 614,191 748,457

Expe nditure
on		 raising fun ds and cos ts of investmen t
management
Current year Current year Current year Prior Year
unrestricted Restricted Funds Total Funds Total Funds
Funds
2C21 2021 2021 2020
E E E
Cost of fundraising activities 8 events 63 63 3,492
Costs recharged to Trading Subsidiary 1,033
Total fundraising costs 81 63 63 4,525

SOFA r@f 2021 2020
E E
Activity
Income from charitable activities
Primary purpose and ancillary trading 359,028 551,740
Income from other, non charitable, trading activities
Fundraising
activities		 13,894 10,933
Summary of Total Income, including the items above
Charitable
activities		 A2 359,028 551,740
Other activities A3 13,894 10,933
Donations 5Legacies A1 148,778 154,795
Investment
income		 A4 1,033 1,897
Total income as shown in the SOFA 522,794 719,365
Categories ofincome
Income from exchange transactions 522,794 719,365

Activity Direct costs Support Grant
costs funding of Total Total
activities
2021 2021 2021 2021 2020
f f f f f
Primary purpose and ancillary trading
Direct costs 362,246 362,246 439,618
Charitable
trading		 costs 3,944 3,944 10,842
Employee costs not included in direct
costs 107,311 107,311 145,442
Premises expenses 42,294 42,294 48,111
Administrative overheads 17,845 17,845 17,542
Professional fess 8,574 8,574 8,705
Financial costs 70,477 70,477 75,619
Total Primary
trading		 purpose and ancillary 366,190 246,501 612,691 745,879
Direct costs Support Grant
costs funding of Total Total
activities
2021 2021 2021 2021 2020
f f f f
Other charitable activities
Losses on disposals offixed assets
Summary ofcharitable costs by activity
Direct costs Support Grant
costs funding of Total Total
activities
2021 2021 2021 2021 2020
f f f
Total Primary purpose
and ancillary
trading 366,190 246,501 612,691 745,879
Total Other charitable
activities
Total Governance costs as detailed in
Note 34 1,500 1,500 1,500
Total charitable expenditure 366,190 248,001 614,191 747,379

Governance Finance Human Other Total
Activity Resources Overheads
Primary purpose and ancillary trading 2,070 70,477 107,311 68,713 248,571
Summary ofgrant making by activity
Grants to
institutions		 Grants to
individuals		 Support
costs		 Total Total
2021 2021 2021 2021 2020
6 6 6
Primary purpose and ancillary trading 1,077
1,077

Fundraising
activities and recharges to		 Fundraising
activities and recharges to		 subsidiary subsidiary F un drsi sing
activities		 Fundrsising
activities
2021 2020
Direct fundraislng
costs and recharges		 to subsidiary 63 4,525
Total non charitable
expenditum		 2021 2020
6 6
Total costs ofFundraising
activities		 and recharges to subsidiary 63 4,525
Total non charitable
expenditure		 63 4,525
40 Total expenditure
by activity		 2021 2020
Total charitable
expenditure		 614,191 747,379
Total ofGrant making 1,077
Total non charitable
expenditure		 -Fundraising and recharges to subsidiary 63 4,525
614,254 752,981