YORK Clfl GYMNASTICS FOUNDATION REPORT AND FINANCIAL STATEMENTS PERIOD ENDED 31 ST AUGUST 2020 Charit Commission Reference Number 1152515 WALTER DAWSON &SoN CHARfERI.D AoiuuNTANT5 & STATUTORY AUDITOR Lawrence House James Nico150n Link Clifton Moor York Y030 4WG
YORK CITY GYMNASTICS FOUNDATION REPORT AND FINANCIAL STATEMENTS Contents Pa Legal and Administrative Information Statement of Trustees, Responsibilities Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8- 14.
YORK CITY GYMNASTICS FOUNDATION LEGAL AND ADMINISTR4TIVE INFORMATION Chairman: William Smithies Treasurer: David Nash Trustees: Richard Bryan Edwards Mark Wild Inde endent Examiner: Walter Daw50n & Son Lawrence House James Nicolson Link Clifton Moor York Y030 4WG Bankers: Lloyd5 Bank 2 Pavement York Y01 9UP Re istered Office: St John's Walk Heworth York North Yorkshire Y031 7SX
YORK CITY GYMNASTICS FOUNDATION STATEMENT OF TRUSTEE'S RESPONSIBILITIES The charity trustees are responsible for preparing a trustees, report and financ7al statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK (United Kingdom Generally Accepted Accounting Practicel. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to: lal select suitable accounting policies and then apply them con515tently; Ibl observe the methods and principles in the Charities SORP" make judgements and estimates that are reasonable and prudent. Idl state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and lel prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for ma?ntaining proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provTsions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
YORK CITY GYMNASTIC5 FOUNDATION REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31ST AUGUST 2020 The trustees present theTr annual report and the financial statement5 of the charity for the 17 month period ended 31 st August 2020. The financial statements have been prepared in accordance with the charitqs accounting policies and the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charitles: Statement of Recommended Practice applicable to charit7es preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 1. Structure Governance and Mana ement The trustees are responsible for settTng the objectives and priorities for York City Gymna5tTCS FoundatTon, the day to day running is overseen by the trustee5. The trustees are elected as requlred by current trustees. 2. Ob'ectives and Activities To provide facllities for recreation and other lelsure-tlme occupations lin particular laying out, managingi equipping and malntaining facilitie5 fo gymnastlcsl In the interests of social welfare WTth the aim of Improving the conditions of Ilfe for the inhabitant5 of York and ite environs and North Yorkshire. The area of benefit 15 to advance education (including physical educatlonl throuqh the provision of gymnastics and gymnastlC5 related activities. We aim to relieve those in need in particular those caring for people with mentalandlor physlcal disabilities by providing facillties which enable them to participate in gymnastic related activities. When planning the actTVities for the year, the trustees have considered the Commission's guidance on public benefit. 3. Achievements and Performance Like many charities the foundation has been affected by the Pandemic which has resulted in the 8ymna5Tum hawng to close during nationwide lockdowns. There is still a Long waiting list of people wish to become members and this is due to the quality of the facilitie5 and the range of activities provided by the trustees, staff and volunteers.
YORK CITY GYMNASTICS FOUNDATION REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31ST AUGUST 2020 4. Financial Rewew York City GymnastTCS Foundation has changed its financial year by extending the period from March 2020 to August 2020 giving a 17 month period of account. Unfortunately due to the world WTde pandemic the founfation5 income has been badly affected by the lockdown rules that were introduced by the government in March 2020. 5. Reserves Polic York City Gymnastics FoundatTon has operated just one unrestricted reseNe over the past years. This policy is reviewed on a regular basis and the need for specific reseNes is considered by the trustees annually. This report was approved and authorised for issue by the trustees on 27th May 2021 and signed on their behalf by: William Smithies Chairman
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YORK CITY GYMNASTICS FOUNDATION I report to the trustees on my examination of the financial statements of the charity for the period ended 31 st August 2020 which are set out on pages 6 to 14. Res onsibllities and Basis of Re ort As the trustees of the charity you are responsible for the preparation of the financial statements in accordance wth the requirements of the Charities Act 2011 I'the Act.). I report in respect of my exarnination of the charity's accounts carried out under Section 145 of the 201 l Act and in carrying out my examination I have followed all the applicable Directions given by the Charity CommissTon under section 14515llbl of the 2011 Act. Inde endent Examinerfs Statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: lal accounting records were not kept in respect of the charity required by Section 130 of the Act; or Ibl the financTal statements do not accord with those record5- or Icl the financial statements do not comply WTth the applicable requirements concerning the form and content of the flnancial statements set out in the Charities IAccounts and Reportsl Regulations 2008 other than any requirement that the financial statements give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come acr055 no other matters in connection wth the exarnination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Graham AtkinsorTr FCA WALTER DAWSON & Chartered Accountants Lawrence House James Nicolson Link Clifton Moor York Y030 4WG 27th Ma 2021
YORK CITY GYMNASTICS FOUNDATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31ST AUGUST 2020 Unrestricted Restricted Funds Funds Total 2020 Notes Total 2019 INCOME AND ENDOWMENTS FROM: Donations and Legacies Other Trading Activities TOTAL INCOME AND ENDOWMENTS 45,861 304,311 45,861 304,311 597 209,186 350,172 350,172 209,783 EXPENDITURE ON: Other TOTAL EXPENDITURE 387,879 387,879 387,879 387,879 265,129 265,129 NET INCOME/ EXPENDITURE Transfers Between Funds 137,7071 137,7071 155,3461 NET INCOME/ EXPENDITURE BEFORE OTHER RECOGNISED GAINSI L055ES 137,7071 137,7071 155,3461 NET MOVEMENTS IN FUNDS { 37,707} 137.7071 155,346} RECONCILIATION OF FUNDS Total Funds at 1 st April 2019 Total Funds at 31st Au8USt 2020 972,093 934,386 972,093 934,386 1,027,439 972,093 All Tncoming resources and resources expended derive from continuing activities.
YORK CITY GYMNAThCS FOUNDATION BALANCE SHEET A5 AT 31ST AUGUST 2020 2020 2019 Notes FIXED ASSETS Tangible Assets 853,314 848,697 CURRENT ASSETS Stock Cash at Bank and in Hand 480 127,073 127,553 92,755 92,755 CREDITORS.. Amounts Falling Due Within One Year 10 11,683 4,157 NET CURRENT ASSETS 81,072 123,396 TOTAL ASSETS LESS CURRENT LIABILITIES 81,072 123,396 CREOITORS.. Amounts FallTng Due After More Than One Year 81,072 123,396 The Funds of the Charity: RESTRICTED INCOME FUNDS 14 UNRESTRICTED FUNDS General Funds Deslgnated Funds 14 14 934,386 972,093 934,386 934,386 972,093 972,093 The financial state and signed nts were approved and authorised for issue by the Trustees on 27th May 2021 beha William Smithies (Chair of the Trustees)
YORK CITY GYMNASTICS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS PERIOD ENDED 31ST AUGUST 2020 STATUTORY INFORNATION York City Gymnastics FoundatTon TS a charity domiciled in England and Wales, registration number 1152515. The principal place of business is St John's Walk, Heworth, York, North Yorkshire, Y03175X. 2. COMPLIANCE WITH ACCOUNTING STANDARDS The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts Tn accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland FRS 1021 and the Charities Act 2011. 3. ACCOUNTING POLICIES The financial statements have been prepared under the historical cost convention. The presentation currency is sterling. The particular accounting policies adopted are as follows: {al Donations Le acie5 and Similar Incomln Resources Donations, legacies and similar incoming resources are included in the year in which they are receivable, which is when the charity becomes entitled to the resource. bl Grants Receivable and Local Authorit Fees Grants receivable and local authority fees are credited to the Statement of Financial ActTVities (SOFA) in the year for which they are received. Deferred income represents amounts received for future period5 and is released to income resources in the pertod for which it has been received. Icl Investment Income and Rental Income Income f rom investments and from rental income is included in the SOFA in the year in whTch it ls receivable. enditure All expenditure is included on an annual basis and is recognised when there is a legal or constructive obligatTon to pay for expenditure. All costs have been directly attributed to one of the functional categories of resources expended in the SOFA. The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.
YORK CITY GYMNASTICS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS PERIOD ENDED 31ST AUGUST 2020 3. ACCOUNTING POLICIES IcontTnued} le} Tan ible Fixed Assets Depreciation is provided on a straight line or reducing balance basis over the expected Useful live5 of each category of tangible fixed assets: Plant and EquTpment Motor Vehicles 10% per annum on written down value 25% per annum on written down value The gymnasium is included in the accounts at fair value and is not depreaated. If) St(xk Stocks have been valued at the lower of cost and estimated selling price less costs to sell. Igl Pension Costs The charity operates a defined contribution pension scheme for the benefit of its employees. Contributlons payable are recognised in the SOFA when due. Tangible fixed assets acquired under finance leases or hire purchase contracts are capitalised and depreciated in the Same manner as other tangible fixed assets. The related obligatTons, net of future charges, are included in creditors. Renta15 payable under operating leases are charged to the SOFA on a straight line basis over the period of the leases. The benefits of lease incentive5 are recognised in the SOFA over the lease period on a straight line basis. Fund Accountin Funds held by the charity are either- Unrestricted generol funds - these are funds which can be used in accordance wth the charitable objects at the dTscretion of the trustees. Restricted funds - these are funds that can only be used for particular restricted purpose5 Wlthin the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
YORK CITY GYMNASTICS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS PERIOD ENDED 31ST AUGUST 2020 4. DONATIONS AND LEGACIES Unrestricted Restricted Funds Funds Total 2020 Total 2019 Donations Covid Job Retention Grants Sport5 Grants 2,411 33,450 10,000 2,411 33,450 10,000 597 45,861 45,861 597 5. OTHER TRADING ACTIVITIES Unrestricted Restricted Funds Funds Total 2020 Total 2019 Club Fees sp}cafe Takings Gymnasium Hire Badge Sales etc. 274,980 14,019 11,441 3,871 274,980 14.019 11,441 3,871 190,158 11,866 4.533 2,629 304,311 304.311 209,186 10
YORK CITY GYMNASTICS FOUNDATION NOTES TO THE FINANCIAL STATEMENT5 PERIOD ENDED 31ST AUGUST 2020 6. OTHER COSTS Unrestricted Restricted Funds Funds Total 2020 Total 2019 Purchase5 Coaching Expenses and Course Fees Wages and Pension Premiums Refunds of Class Fees Rates and Waste disposal Insurances Light and Heat Repairs and Renewals Telephone and Internet Etc. Printing, Stationery and advertising Equipment Rental Cleaning Team Clothln8 Sundries 8,863 52,060 171,363 6,289 16,745 34,012 18,810 10,018 6,131 2,347 4,361 14,227 8,863 52.060 171.363 6,289 16,745 34,012 18,810 10,018 6,131 2,347 4, 361 14.227 7,999 35.283 104.193 2,655 14,507 26,826 14,073 4,266 4,740 2,862 3,155 11,274 1,550 2,592 3,806 5,184 2,529 17,635 927 3,755 9,581 2,341 26,049 927 3,755 9,581 2,341 26,049 Accountancy and Book.keeping Legal and professional fees Bank and Card Charges Depreciation 387,879 387,879 265.129
YORK CITY GYMNASTICS FOUNDATION NOTE5 TO THE FINANCIAL STATEMENTS PERIOD ENDED 31ST AUGUST 2020 7. STAFF COSTS AND TRUSTEES, REMUNERATION 2020 2019 Wage5 and Salaries Social Security Costs Other Pension Costs 165,801 3,346 2,216 100,448 2,705 1,040 171,363 104,193 No employee received remuneration amounting to more than £60,000 in either year. Trustees received no remuneration and were not reimbursed for any of their expenses in either year. The average weekly number of employees during the year was a5 follows:. 2020 2019 Average number of Full-tlme employees Average number of Part-time employees 14 15 NET INCOMEI EXPENDITURE FOR THE YEAR 2020 2019 This is stated after charging: Depreciation Accountant's and BookkeepTng Fees 26,049 3,755 17,635 3,806 12
YORK CITY GYMNASTICS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS PERIOD ENDED 31ST AUGUST 2020 9. TANGIBLE FIXED ASSETS Motor Vehlcles Gynasium Equipment Total Written down value: At 1st April 2019 Additions 694,534 2.276 151.887 30,666 848,697 30,666 694,534 2,276 182,553 879,363 reciation: Charge for Year 806 25,243 26,049 806 25,243 26,049 Net Book Value: At 31 st August 2020 At 31 st March 2019 694,534 694.534 1,470 2,276 157,310 151,887 853,314 848,697 10. CREDITORS: Amounts Falling Due Within One Year 2020 2019 Trade Creditors Other Taxes and Social Security Accruals and Deferred Incorne 8,497 966 2,220 11,683 1,937 2,220 4,157 11. PENSION COST5 The charity operates a defined contribution pension Scheme. The assets of the pension Kheme are held separately from those of the charity in an independently adminTStered fund. The pension cost represent5 contributions payable by the charity to the fund and amounted to £2,216 12019: 11,0401. Contriblrtions totalling £20612019 :£107} were payable to the fund at the perTod end and are included in creditors. 13
YORK CITY GYMNASTICS FOUNDATION NOTES TO THE FINANCIAL STATEMENTS PERIOD ENDED 31ST AUGUST 2020 12. REL4TED PARTY TRANSACTIONS There were no material transactions with trustees or other connected persons. 13. ANALYSIS OF NET ASSETS BETWEEN FUNDS General Funds Restricted Funds Total Fund5 Tangible Fixed Assets 853,314 853,314 Current Assets Current Liabilities 92,755 { 11,6831 92,755 { 11.683) Net Assets at 31st August 2020 934,386 934,386 14 MOVEMENT IN FUNDS At 1st April 2019 Incoming Resources Outgoing Resource5 At 31st August 2020 Restricted Funds Unrestricted Funds General Funds Total Unrestricted Funds 972,093 972,093 350,172 350,172 387,879 387,879 934,386 934,386 TOTAL FUNDS 972,093 350,172 387,879 934,386 14