REGISTERED COMPANY NUMBER: 08049065 (England and Wales)
REGISTERED CHARITY NUMBER: 1148992
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 April 2022
for
The Wire Gymnastics Club
Harts Limited
Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX
The Wire Gymnastics Club
Contents of the Financial Statements for the Year Ended 30 April 2022
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|
Page |
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Report of the Trustees |
1 |
to |
3 |
Independent Examiner's Report |
|
4 |
|
Statement of Financial Activities |
|
5 |
|
Balance Sheet |
|
6 |
|
Notes to the Financial Statements |
7 |
to |
12 |
Detailed Statement of Financial Activities |
13 |
to |
14 |
The Wire Gymnastics Club
Report of the Trustees for the Year Ended 30 April 2022
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheirreport with
thefinancialstatementsofthecharityfortheyearended30April2022.Thetrusteeshaveadoptedtheprovisions of
AccountingandReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS 102)
(effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
ThepromotionofcommunityparticipationinhealthyrecreationforthebenefitoftheinhabitantsofWarringtonand the
surrounding area, by the provision of facilities and coaching for gymnastics.
Significant activities
WecontinuetoattractgymnastsfromManchester,Liverpool,WiganandStHelens,aswellasvariousareas of
Warrington and aim to provide high quality facilities and gymnastics coaching for all members.
TheclubwasaccreditedGymMarkandClubMarkbyBritishGymnastics(BG);thesport'sgoverningbodyin March
2011.TheGymMarkSchemehasbeendevelopedbyBG,inpartnershipwithSportEnglandandHomeCountry Sports
Councils.Itspurposeistorecogniseclubswhicharecommittedtoprovidingqualityexperiences,thusencouraging young
peopletotakeupthesport,whilstfocusingonimprovingtheirtalentandmaintaininglifelongparticipationinthe sport.
British Gymnastics carry out inspections and assessments of all clubs awarded the GymMark and The Wire Gymnastics
Clubreceivedaglowingreport.Commentsmentionedwere,'veryorganised','everythingpreparedtoahigh standard',
'most organised club they had seen'.
The Club continues to apply for and receive several 'low level' awards.
Public benefit
TheCharityisopentoallchildrenandyoungpeopleregardlessofethnicity,sexualorientationorability.We offer
classesfrompre-schooltoyoungadults.Thecatchmentareawithinwhichweworkisinthetop10% deprivation
nationally.Thecharitycontinuestooffergymnastsofallagesasafeandsecureplacetopracticeandenjoy gymnastics,
providing the opportunity to participate in healthy and structured activities.
Volunteers
Wecontinuetorelyonanumberofvolunteerstocoachgymnastics,carryoutthewelfarefacilitiesandencourage the
oldermemberstogetinvolvedwiththeyoungerclasses,creatingafamily,nurturingenvironment.Inarecent parents
questionnairethiswasoneofthepositiveaspectsoftheclubthatwashighlighted.AllvolunteersareDBSchecked. We
are very grateful to parents and friends who give up their time for the benefit of our club and its members.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Ourgymnasticsprogrammehasbeenverypopularwithover400gymnastsbenefittingfromregularattendanceat the
dailytrainingsessions.Wehavebeenabletoenterteamsatvariousagegroupsintocompetitionsaroundthe country,
withfantasticresults.TheWirehashadsomeextraordinaryachievementsoverthepastyear.Wecontinuetobeone of
the most successful club at National and Club Grades within the region..
WehavehadmanyofourmembergymnastsatallagegroupscompeteatBritishNationalFinals,aswellasat British
and English Championships.We also attended a summer international comp in USA.
Fundraising activities
Wehaveuseda numberofopportunitiestogeneratefunds,andtheincomefromthissourcethisyearhasbeen £13,154
(2021£15,047).Salesofclothinghavebeenthemostsuccessful,aswellasraffles,cakesales,sleepoversand the
summerparty.OurChristmasandsummerinvitationalcompetitionshavebecomeverypopularontheclub gymnastics
circuitandhavehelpedtogenerateadditionalincome.TheChristmascompetitiontakingplaceover5days,being our
most successful fundraiser to date.
Parents and members successfully raised funds in the year through a variety of sponsored events and activities.
Page 1
The Wire Gymnastics Club
Report of the Trustees
for the Year Ended 30 April 2022
FINANCIAL REVIEW
Principal funding sources
Themainsourceofincomeisfromattendancefeesandthehostingofevents.Overallincomeincreasedto £220,602
(2021 £220,137).
Total expenditure was £257,549 (2021 £189,391), giving a deficit of £36,947 (2021 profit £30,746).
Reserves policy
The Charityhasa policyofmaintainingminimumbank reservesof£10,000,sothatroutineexpenditurecan be metfor at
least3monthsintheeventofreductionsinincome.Theunrestrictedbankaccountsat30thApril2022were £65,039
(2021 £97,748).
FUTURE PLANS
Theclubhasregisteredtotakealmost40gymnaststoAmsterdamforthe2023WorldsGymnaestrada,with rehearsals
beginningbeforeChristmas2022.WewillbeperformingatseveralGBGymfusioneventsinthewarmup to
Gymnaestrada.WealsohaveourhighestnumberofentriesatboththeEnglishChampionshipsandBritish Championships
in February/March 2023.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimitedcompany,limited by
guarantee, as defined by the Companies Act 2006.
MemorandumandArticlesincorporated27thApril2012asamendedbySpecialResolutionregisteredat Companies
House on 4th September 2012.
Recruitment and appointment of new trustees
TrusteesareselectedforthecontributionthattheycanmaketothevariousactivitiesoftheClub.Thisincludes instructing
and coaching, welfare of children and professional skills.
Organisational structure
TheclubispredominantlyrunbytheHeadCoach,EmmaDoherty,whohassupportfromagroupofcoaches who
volunteer their time to the club.
TheTrusteesmeetatleastfourtimesa yeartoreviewtheprogressoftheclubandagreefutureplansforthecharity. At
thequarterlymeetingsvariousaspectsoftherunningoftheclubarediscussedanddecisionsmade.Thereisa separate
fundraising committee which focuses on raising funds for the club.
The Wire Gymnastics Club charity commenced operation in April 2012.
Induction and training of new trustees
Trusteesaregiveninstructioninallaspectsofsafety,welfareandchildprotection.Everyoneontheboardof directors
undergoes a CRB check as directed by British Gymnastics.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08049065 (England and Wales)
Registered Charity number
1148992
Registered office
Unit E3, Oak Court
Trident Business Park
Warrington Road
Warrington
Cheshire
WA3 6AX
Page 2
The Wire Gymnastics Club
Report of the Trustees for the Year Ended 30 April 2022
Trustees
Ms E A Doherty
Mrs C M Barrick
Ms R V Abela (resigned 26.6.21)
Ms S J Allen
Ms C J Barrick
Ms R L Gidman
Ms L Hood
Ms S F Medina
Company Secretary
Mrs K F Doherty
Independent Examiner
David Taylor
FCA
Harts Limited
Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX
COMMENCEMENT OF ACTIVITIES
The Charity commenced operating in April 2012.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
....................................................................................
Ms E A Doherty - Trustee
Page 3
Independent Examiner's Report to the Trustees of The Wire Gymnastics Club
Independent examiner's report to the trustees of The Wire Gymnastics Club ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2022.
Responsibilities and basis of report
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)youareresponsible for
the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16ofthe2006 Act
andareeligibleforindependentexamination,I reportin respectofmyexaminationofyourcharity'saccountsas carried
outundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowed the
Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I havecompletedmyexamination.I confirmthatnomattershavecometomyattentionin connectionwiththe examination
giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I havenoconcernsandhavecomeacrossnoothermattersin connectionwiththeexaminationtowhichattentionshould be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
David Taylor
FCA
Harts Limited
Westminster House
10 Westminster Road
Macclesfield
Cheshire
SK10 1BX
Date: .............................................
Page 4
The Wire Gymnastics Club
Statement of Financial Activities for the Year Ended 30 April 2022
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Gymnastic Events
Other trading activities
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
Charitable activities
Gymnastic Events
Total
NET INCOME/(EXPENDITURE)
Transfers between funds
11
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
fund
£
7,889
195,570
13,154
8
216,621
64,471
193,078
257,549
(40,928)
(1,948)
(42,876)
101,066
58,190 |
Restricted
funds
£
1,431
2,550
-
-
3,981
-
-
-
3,981
1,948
5,929
3,618
9,547 |
30.4.22
Total
funds
£
9,320
198,120
13,154
8
220,602
64,471
193,078
257,549
(36,947)
-
(36,947)
104,684
67,737 |
30.4.21
Total
funds
£
9,816
195,268
15,047
6 |
|
|
|
|
220,137 |
|
|
|
|
48,605
140,786 |
|
|
|
|
189,391 |
|
|
|
|
30,746
- |
|
|
|
|
30,746
73,938 |
|
|
|
|
104,684 |
The notes form part of these financial statements
Page 5
The Wire Gymnastics Club
Balance Sheet
30 April 2022
Notes
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Prepayments and accrued income
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS |
Unrestricted
fund
£
41,263
1,282
975
65,039
67,296
(50,369)
16,927
58,190
58,190 |
Restricted
funds
£
-
-
-
11,637
11,637
(2,090)
9,547
9,547
9,547 |
30.4.22
Total
funds
£
41,263
1,282
975
76,676
78,933
(52,459)
26,474
67,737
67,737
58,190
9,547
67,737 |
30.4.21
Total
funds
£
46,370
671
2,545
101,366 |
|
|
|
|
104,582
(46,268) |
|
|
|
|
58,314 |
|
|
|
|
104,684 |
|
|
|
|
104,684 |
|
|
|
|
101,066
3,618 |
|
|
|
|
104,684 |
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct2006forthe year
ended 30 April 2022.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
30 April 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon .............................................
and were signed on its behalf by:
.............................................
Ms E A Doherty - Trustee
The notes form part of these financial statements
Page 6
The Wire Gymnastics Club
Notes to the Financial Statements
for the Year Ended 30 April 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January 2019)',
FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland'andtheCompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistorical cost
convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforon an accrualsbasisand has
beenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannotbe directly
attributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoveritsestimated useful
life.
Plant and machinery- 25% on reducing balance
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity. 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.
Hire purchase and leasing commitments
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitiesonastraightline basis
over the period of the lease.
2. OTHER TRADING ACTIVITIES
30.4.2230.4.21
££
Fundraising events 13,15415,047
continued...
Page 7
The Wire Gymnastics Club
Notes to the Financial Statements - continued for the Year Ended 30 April 2022
3. INVESTMENT INCOME
|
30.4.22 |
30.4.21 |
|
£ |
£ |
Deposit account interest |
8 |
6 |
NET INCOME/(EXPENDITURE) |
|
|
Net income/(expenditure) is stated after charging/(crediting): |
|
|
|
30.4.22 |
30.4.21 |
|
£ |
£ |
Depreciation - owned assets |
13,753 |
15,458 |
Other operating leases |
72,142 |
74,024 |
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
MsEADohertywaspaidremunerationof£4,831(2021£8,258)duringtheyearinrelationtoher employment
with the Charity.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended30April2022norfortheyear ended
30 April 2021.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
|
30.4.22 |
30.4.21 |
Trainers |
12 |
8 |
No employees received emoluments in excess of £60,000.
7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Gymnastic Events
Other trading activities
Investment income
Total
EXPENDITURE ON
Raising funds
Charitable activities
Gymnastic Events
Total |
Unrestricted
fund
£
9,416
195,268
15,047
4
219,735
48,605
140,786
189,391 |
Restricted
funds
£
400
-
-
2
402
-
-
- |
Total
funds
£
9,816
195,268
15,047
6 |
|
|
|
220,137 |
|
|
|
48,605
140,786 |
|
|
|
189,391 |
continued...
Page 8
The Wire Gymnastics Club
Notes to the Financial Statements - continued
for the Year Ended 30 April 2022
7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£
NET INCOME
30,344
RECONCILIATION OF FUNDS
Total funds brought forward
70,722
TOTAL FUNDS CARRIED FORWARD
101,066
8.
TANGIBLE FIXED ASSETS
Improvements
to
property
£
COST
At 1 May 2021
3,504
Additions
-
At 30 April 2022
3,504
DEPRECIATION
At 1 May 2021
2,105
Charge for year
349
At 30 April 2022
2,454
NET BOOK VALUE
At 30 April 2022
1,050
At 30 April 2021
1,399
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors |
Restricted
funds
£
402
3,216
3,618
Plant and
machinery
£
176,865
8,646
185,511
131,894
13,404
145,298
40,213
44,971
30.4.22
£
1,282 |
Total
funds
£
30,746
73,938
104,684
Totals
£
180,369
8,646
189,015
133,999
13,753
147,752
41,263
46,370
30.4.21
£
671 |
Total
funds
£
30,746
73,938 |
|
|
|
104,684 |
continued...
Page 9
The Wire Gymnastics Club
Notes to the Financial Statements - continued for the Year Ended 30 April 2022
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Accrued expenses
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Malta
Amercia
TOTAL FUNDS
Net movement in funds, included in the above are a
Unrestricted funds
General fund
Restricted funds
Amercia
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Malta
Amercia
TOTAL FUNDS |
At 1.5.21
£
101,066
3,453
165
3,618
104,684
s follows: |
Net
movement
in funds
£
(40,928)
-
3,981
3,981
(36,947)
Incoming
resources
£
216,621
3,981
220,602
At 1.5.20
£
70,722
3,051
165
3,216
73,938 |
|
|
|
|
|
|
|
|
|
|
|
|
|
11. MOVEMENT IN FUNDS
continued...
Page 10
The Wire Gymnastics Club
Notes to the Financial Statements - continued for the Year Ended 30 April 2022
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Malta
TOTAL FUNDS
A current year 12 months and prior year 12 months
Unrestricted funds
General fund
Restricted funds
Malta
Amercia
TOTAL FUNDS |
Incoming
resources
£
219,735
402
220,137
combined position is as follows:
Net
movement
At 1.5.20
in funds
£
£
70,722
(10,584)
3,051
402
165
3,981
3,216
4,383
73,938
(6,201) |
Resources
expended
£
(189,391)
-
(189,391)
Transfers
between
funds
£
(1,948)
3,319
(1,371)
1,948
- |
Movement
in funds
£
30,344
402 |
|
|
|
30,746 |
|
|
|
At
30.4.22
£
58,190
6,772
2,775 |
|
|
|
9,547 |
|
|
|
67,737 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedintheabove are
as follows:
Unrestricted funds
General fund
Restricted funds
Malta
Amercia
TOTAL FUNDS |
Incoming
resources
£
436,356
402
3,981
4,383
440,739 |
Resources
expended
£
(446,940)
-
-
-
(446,940) |
Movement
in funds
£
(10,584)
402
3,981 |
|
|
|
4,383 |
|
|
|
(6,201) |
continued...
Page 11
The Wire Gymnastics Club
Notes to the Financial Statements - continued
for the Year Ended 30 April 2022
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2022.
Page 12
The Wire Gymnastics Club
Detailed Statement of Financial Activities for the Year Ended 30 April 2022
INCOME AND ENDOWMENTS
Donations and legacies
Gift aid
Other trading activities
Fundraising events
Investment income
Deposit account interest
Charitable activities
Income from Events
Gym fees
Grants
Total incoming resources
EXPENDITURE
Raising donations and legacies
Improvements to property
Plant and machinery depreciation
Other trading activities
Purchases
Charitable activities
Advertising
Travel
Small equipment
Support costs
Management
Wages
Job retention scheme
Other operating leases
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Cleaning costs |
30.4.22
£
9,320
13,154
8
55,199
142,921
-
198,120
220,602
350
13,404
13,754
50,717
306
7,841
3,994
12,141
79,680
(1,679)
72,142
62
3,309
7,085
1,384
1,642
423
1,427
165,475 |
30.4.21
£
9,816
15,047
6
35,087
106,606
53,575 |
|
|
195,268 |
|
|
220,137
467
14,991 |
|
|
15,458
33,147
60
6
- |
|
|
66
58,786
(22,113)
74,024
308
1,391
4,334
1,653
2,149
1,369
1,809 |
|
|
123,710 |
This page does not form part of the statutory financial statements
Page 13
The Wire Gymnastics Club
Detailed Statement of Financial Activities
for the Year Ended 30 April 2022
Detailed Statement of Financial Activities
for the Year Ended 30 April 2022 |
|
|
Management
Finance
Bank charges
Accounting Services
Information technology
Repairs and renewals
Human resources
CRB costs
Total resources expended
Net (expenditure)/income |
30.4.22
£
11,146
815
11,961
3,320
181
257,549
(36,947) |
30.4.21
£
9,410
750 |
|
|
10,160
6,670
180 |
|
|
189,391 |
|
|
30,746 |
This page does not form part of the statutory financial statements
Page 14