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Charity number: 1152822
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
WOKING GYMNASTICS CLUB
DocuSign Envelope ID: 0ED24449-4F8B-4D71-8BEB-1A2846ECEB93
WOKING GYMNASTICS CLUB
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Statement of cash flows | 9 |
| Notes to the financial statements | 10 - 17 |
| The following pages do not form part of the statutory financial statements: | |
| Charity Detailed income and expenditure account and summaries |
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WOKING GYMNASTICS CLUB
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2021
Trustees Lionel Smith-Gordon, Chairman Finn Chu, Vice Chairman Claire Beesly, Treasurer Michael Childress James Porter (appointed 7 February 2022) Barry Rees (appointed 7 February 2022) Charity registered number 1152822 Principal office Kingfield Road Woking Surrey GU22 9AA Accountants Menzies LLP Chartered Accountants Centrum House 36 Station Road Egham Surrey TW20 9LF Bankers HSBC Bank plc 6 Commercial Way Woking Surrey GU21 6EZ Independent Examiner Janice Matthews FCA Menzies LLP Centrum House 36 Station Road Egham Surrey TW20 9LF
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WOKING GYMNASTICS CLUB
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2021
The Trustees present their annual report together with the financial statements of the Charity for the year 1 October 2020 to 30 September 2021.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is controlled by its governing document, the Club Constitution, and constitutes a Charitable Incorporated Organisation formed on 2 July 2013. The Club started operations on 1 October 2013 when it assumed the activities of the previous charity of the same name that had operated since the early 1980s.
Trustees & Management
Trustees are appointed by way of acceptance of nomination at the Annual General Meeting or co-opted during the year as provided for in the Constitution. New trustees are provided with both statutory Charity Commission and Club-specific documentation and training to enable them to fulfil their obligations and to contribute to the running of the Club.
The day to day running of the club is delegated to the Chief Executive Officer who directly manages the administrative functions and our gymnastics programmes; the CEO is not a trustee but reports to the trustees. The trustees set the annual objectives for the Club and CEO through a formal development process with regular reviews and annual assessments of remuneration.
No trustee of the Charity had any personal interest in any contract or transaction entered into by the Charity during the year save for the fact that they are members of the Club and their child(ren) may enjoy the facilities provided by the Club on the payment of the usual fees.
Decision Making
The Club and the Charity operate in accordance with the policies and codes of conduct of the National Governing Body, British Gymnastics.
Risk management
The trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees have considered the major business and operational risks faced by the Charity and have established systems to ensure that the necessary steps are taken to mitigate these risks.
OBJECTIVE AND ACTIVITIES
Objective and aims
The objective of the Charity, as laid down in its Constitution, is the promotion of community participation in healthy recreation in particular by the provision of facilities for gymnastics.
Significant activities
The significant activities of the Club are provision of classes and training sessions for members to undertake gymnastics activities; coaching and training of gymnasts; participation in competitions and events; promotion of well-being through gymnastics in the local community.
The Club also provides a range of activities that deliver benefit to a wider section of the public in the community, described in more depth in the section Annual Review below.
Public Benefit Reporting
The trustees have due regard to the guidance relating to public benefit published by the Charity Commission. The Club’s activities are primarily intended for the benefit of the people of Woking and the surrounding areas. Our Club is open to all, regardless of age, race, gender, or sexual orientation.
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TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
Gymnastics requires specialist facilities, equipment, and a high ratio of qualified coaches to gymnasts to enable it to take place safely and this means that it will always be necessary to charge for the use of the facilities and for coaching received.
A bursary programme is in place to cater for situations where access to the Club would otherwise not be possible for a gymnast whose family are suffering significant financial hardship.
Charitable activities
From the beginning of the financial year in October 2020, the Club continued to be affected by the Covid19 pandemic and the measures enforced by HM Government resulting in the continuation of long periods of physical closure severely affecting the ability of the Club to carry out its usual activities. A series of national lockdowns between October 2020 and March 2021, interspersed with brief periods of much reduced capacity and class activity, meant the Club operations were severely restricted until a gradual return to operations from April 2021, seven months into the financial year.
Annual Review
Since emerging from the effects of the Covid-19 pandemic in Spring 2021, the activities of the Club gradually returned to full operation and included:
Community activities.
The Club continued to devote effort to supporting the Woking area and wider community by:
-
Weekly visits to local schools promoting gymnastics.
-
Associated teacher education at schools and higher edfucation establishments.
-
Continued development of coaches and judges via our Leadership Academy.
Pre-School classes.
Our Fun4Baby, Fun4Toddler and classes, designed for groups up to school Reception age, proved popular upon their return to operation in April because of parents wishing for their very young children to gain social interaction after lockdown restrictions had been lifted. Approximately 100 children per week participated.
Recreational (Gymnastics for All)
Our recreational programme provides a range of classes to suit all ages and abilities, including freestyle gymnastics, home educated children, disability gymnastics and adult’s classes.
For the first half of the year (October 2020 to March 2021) our physical recreational programme was required to close by Covid-19 restrictions, and was replaced, in part, by classes run online via Zoom, to support the physical and mental health of our members during periods of lockdown.
Restrictions started to be lifted in April 2021 and we saw the return of 800 gymnasts to our recreational classes.
We continue to support our coaching team with training, including British Gymnastics Level 1, 2 and 3 courses, enhancing the skill levels of our dedicated team.
Numbers within our Floor and Vault competition group have returned to pre-pandemic levels with 120 gymnasts regularly representing the Club at Surrey County and Regional-level competitions.
Squad Artistic gymnastics
For long periods between November 2020 and April 2021, all training and competition activity for both our Men’s and Women’s Squads was suspended due to HM Government Covid-19 restrictions.
Despite these restrictions, both the Women’s and the Men’s artistic gymnastics squads, maintained engagement via virtual squad sessions, enabling the continued retention of 21 women gymnasts and 38 men gymnasts.
When national squad training resumed, the Club was represented by our Men’s gymnasts in the England, Scotland and Great Britain squads.
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TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
FINANCIAL REVIEW
The Club has net assets of £394,453 (2020: £423,948) after recording a net deficit of £29,495 (2020: a deficit of £104,081) for the year ended 30 September 2021. Although the Club was physically closed for large parts of the year due to Covid-19 restrictions, virtual classes replaced a selection of physical classes resulting in total revenue for the Club of £594,210, a 11.5 percent increase on the prior year (2020: £532,861). Resources expended on the provision of gymnastic services decreased when compared to the prior year at £623,705 (2020: £636,942).
Reserves policy
Towards the end of the reporting year, the worst effects of the pandemic abated. As a result, the Club seeks to continue to manage its reserves to provide for future unseen events or risks and is developing its reserves policy accordingly.
The additional funds made available via the Bounce Back Loan enabled the Club to continue to operate during periods affected by the Covid-19 restrictions rather than closing. This ensured that we did not need to reduce staffing and were also able to continue to offer financial support via our bursary scheme when it was most needed.
OUTLOOK AND FUTURE PLANS
The activities of the Club are led by the demands of the local community; the Club will continue to respond to the needs identified by local and national research, to provide a programme of events to meet demand and to invest in capabilities which provide services to our community.
Facilities Development
The additional site at Egley Road for the Club’s Elite Gymnastics programme, has continued in operation, when permitted, since its opening in August 2020. With the return to full capacity at our Kingfield site, the Egley Road facility has partially satisfied the much-needed requirement for additional training space.
The trustees continue to believe that the long-term future of the Club can be secured by the development of a larger and better quality facility. We re-opened discussions with Woking Borough Council on the Ten Acre project in mid-2021. However, it has become clear that the project is not financially viable for the Council in the current economic and political environment and, regrettably, the project continues to be on hold with little prospect of progressing. The Club continues to be actively engaged with Council officers to seek alternate facility solutions.
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TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2021
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of our Constitution require 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 incoming resources and application of resources, including the income and expenditure, of the charity for that period.
In preparing those financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently
-
observe the methods and principles in the Charity SORP
-
make judgements and estimates that are reasonable and prudent
• 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 keeping proper accounting records which 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 provisions of the Constitution.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ Lionel Smith-Gordon
Date: 27-Jun-2022
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INDEPENDENT EXAMINER'S REPORT
Independent examiner's report to the Trustees of Woking Gymnastics Club ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 September 2021.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Dated: 27-Jun-2022
Janice Matthews FCA
Menzies LLP Chartered Accountants Centrum House Station Road Egham Surrey TW20 9LF
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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021
| Note Income from: Membership 2 Charitable activities 3 Fundraising 4 Investments Total income Expenditure on: Charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2021 £ 56,168 398,354 139,515 173 594,210 623,705 623,705 (29,495) 423,948 (29,495) 394,453 |
Total funds 2021 £ 56,168 398,354 139,515 173 594,210 623,705 623,705 (29,495) 423,948 (29,495) 394,453 |
Total funds 2020 £ 39,305 355,656 136,950 950 |
|---|---|---|---|
| 532,861 | |||
| 636,942 | |||
| 636,942 | |||
| (104,081) | |||
| 528,029 (104,081) |
|||
| 423,948 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 10 to 17 form part of these financial statements.
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WOKING GYMNASTICS CLUB
BALANCE SHEET AS AT 30 SEPTEMBER 2021
| Note Fixed assets Tangible assets 8 Current assets Stocks 9 Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total assets less current liabilities Total net assets Charity funds Unrestricted funds 12 Total funds |
5,255 11,156 346,749 363,160 (68,540) |
2021 £ 99,833 99,833 294,620 394,453 394,453 394,453 394,453 |
7,778 9,442 290,248 307,468 (32,457) |
2020 £ 148,937 |
|---|---|---|---|---|
| 148,937 275,011 |
||||
| 423,948 | ||||
| 423,948 | ||||
| 423,948 | ||||
| 423,948 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................ Lionel Smith-Gordon, Chairman
Date: 27-Jun-2022
The notes on pages 10 to 17 form part of these financial statements.
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STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2021
| Cash flows from operating activities Net cash used in operating activities Cash flows from investing activities Purchase of tangible fixed assets Net cash used in investing activities Cash inflows from new borrowing Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year |
2021 £ 17,513 (11,012) (11,012) 50,000 56,501 290,248 346,749 |
2020 £ (89,435) |
|---|---|---|
| (7,527) | ||
| (7,527) | ||
| - (96,962) 387,210 |
||
| 290,248 |
The notes on pages 10 to 17 form part of these financial statements
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WOKING GYMNASTICS CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Woking Gymnastics Club meets the definition of a public benefit entity under FRS 102.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
1.2 Going concern
It was necessary for the club to close at times during the year due to the measures enacted by HM Government to protect the country from the COVID-19 Coronavirus pandemic.
The Trustees also took further steps to secure the future of the Club and have been monitoring the situation regularly. Although the impact to income was significant, and the future is still not certain, the Trustees do not believe that the impact of the pandemic threatens the future of the Club or the stability of the Charity.
We believe that adequate cash resources will be available to cover the charity’s requirements for working capital and capital expenditure for at least the next twelve months and we are not aware of any other factors that we believe could put into jeopardy the charity’s going concern status. We have considered the effects of the COVID-19 pandemic on the charity and believe that it will not impact the charity’s ability to continue as a going concern. The financial statements have therefore been prepared on the going concern basis
1.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations recieved under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably..
Charitable activites and Governance costs are costs incurred on the Charity's educational operations, including support costs and costs relating to the governance of the Charity apportioned to charitable activites.
All expenditure is inclusive of irrecoverable VAT.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
1. Accounting policies (continued)
1.5 Tangible fixed assets and depreciation
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives.
Depreciation is provided on the following bases:
| Sports hall & car park | - 4.18% straight line |
|---|---|
| Gymnastics equipment including | - 20% straight line |
| foam | |
| Floor | - 10% straight line |
| Office equipment & fixtures | - 25% straight line |
| Asymmetric bars | - 33.3% straight line |
| Work in progress assets | - 0% (assets not yet in use) |
| 20% & 25% straight line (assets in use) |
1.6 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
1.7 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
1.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
2. Membership income
| Membership subscriptions Total 2020 |
Unrestricted funds 2021 £ 56,168 39,305 |
Total funds 2021 £ 56,168 39,305 |
Total funds 2020 £ 39,305 |
|---|---|---|---|
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
3. Income from charitable activities
| Clothing & other gymnastics activities Coaching income Total 2020 |
Unrestricted funds 2021 £ 17,474 380,880 398,354 355,656 |
Total funds 2021 £ 17,474 380,880 398,354 355,656 |
Total funds 2020 £ 20,042 335,614 |
|---|---|---|---|
| 355,656 | |||
4. Fundraising income
Income from fundraising events
| Gift aid tax refunded Other fundraising income Donations Grants 200 Club Job Retention Scheme Total 2020 |
Unrestricted funds 2021 £ 8,025 491 956 54,257 1,125 74,661 139,515 136,950 |
Total funds 2021 £ 8,025 491 956 54,257 1,125 74,661 139,515 136,950 |
Total funds 2020 £ 10,418 3,806 7,964 29,000 2,849 82,913 |
|---|---|---|---|
| 136,950 | |||
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
5. Analysis of expenditure by activities
| Recreational Gymnastics Total 2020 |
Activities undertaken directly 2021 £ 377,906 389,165 |
Support costs 2021 £ 245,799 247,777 |
Total funds 2021 £ 623,705 636,942 |
Total funds 2020 £ 636,942 |
|---|---|---|---|---|
Analysis of support costs
| Staff costs Depreciation Establishment expenses Office support expenses Miscellaneous expenses Legal fees Independent Examiners fees Other professional fees Total 2020 6. Net income/(expenditure) Deprecation of tangible fixed assets: -owned by the charity Independent Examiners fees |
Recreational Gymnastics 2021 £ 123,573 646 84,506 25,205 46 - 5,690 6,133 245,799 247,777 |
Total funds 2021 £ 123,573 646 84,506 25,205 46 - 5,690 6,133 245,799 247,777 2021 £ 32,172 5,690 |
Total funds 2020 £ 103,589 1,510 101,923 28,353 154 (2,400) 5,979 8,669 |
|---|---|---|---|
| 247,777 | |||
| 2020 £ 21,844 5,979 |
During the year, no Trustees received any remuneration (2020: £Nil). During the year, no Trustees received any benefits in kind (2020: £Nil).
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
7. Staff costs
| Wages and salaries Social security costs Pension costs |
2021 £ 425,301 13,862 3,772 442,935 |
2020 £ 400,518 27,967 6,860 |
|---|---|---|
| 435,345 |
The average number of persons employed by the Charity during the year was as follows:
| Support and administration Contract support staff Coaching staff |
2021 No. 4 2 33 39 |
2020 No. 4 2 37 |
|---|---|---|
| 43 |
No employee received remuneration amounting to more than £60,000 in either year.
The amount of remuneration awarded to key management personnel was £106,311 (2020: £87,466).
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
8. Tangible fixed assets
| Cost At 1 October 2020 Additions Transfers to expenditure At 30 September 2021 Depreciation At 1 October 2020 Charge for the year At 30 September 2021 Net book value At 30 September 2021 At 30 September 2020 |
Sports hall & car park £ 90,603 - - 90,603 81,146 3,786 84,932 5,671 9,457 |
Leasehold property £ 11,683 - - 11,683 10,934 300 11,234 449 749 |
Floor, foam & equipment £ 328,600 11,012 - 339,612 289,757 13,366 303,123 36,489 38,843 |
Office equipment & Fixtures £ 29,840 - - 29,840 27,082 630 27,712 2,128 2,758 |
Work in progress assets £ 98,304 - (27,944) 70,360 1,174 14,090 15,264 55,096 97,130 |
Total £ 559,030 11,012 (27,944) |
|---|---|---|---|---|---|---|
| 542,098 | ||||||
| 410,093 32,172 |
||||||
| 442,265 | ||||||
| 99,833 | ||||||
| 148,937 |
| 9. Stocks Finished goods and goods for resale 10. Debtors Due within one year Trade debtors Other debtors Prepayments and accrued income Tax recoverable |
2021 £ 5,255 2021 £ 3,846 552 6,618 140 11,156 |
2020 £ 7,778 |
|---|---|---|
| 2020 £ 3,925 552 4,825 140 |
||
| 9,442 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
11. Creditors: Amounts falling due within one year
| Bank loans Trade creditors Other taxation and social security Accruals and deferred income |
2021 £ 50,000 12,063 - 6,477 68,540 |
2020 £ - 5,608 19,252 7,597 |
|---|---|---|
| 32,457 |
12. Statement of funds
Statement of funds - current year
| Unrestricted funds Reserves Statement of funds - prior year Unrestricted funds Reserves |
Balance at 1 October 2020 £ 423,948 Balance at 1 October 2019 £ 528,029 |
Income £ 594,210 Income £ 532,861 |
Expenditure £ (623,705) Expenditure £ (636,942) |
Balance at 30 September 2021 £ 394,453 |
|---|---|---|---|---|
| Balance at 30 September 2020 £ 423,948 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
13. Reconciliation of net movement in funds to net cash flow from operating activities
| Net expenditure for the year (as per Statement of Financial Activities) Adjustments for: Depreciation charges Fixed asset transfer Decrease/(increase) in stocks Increase in debtors Increase/(decrease) in creditors Net cash provided by/(used in) operating activities 14. Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents 15. Analysis of changes in net debt At 1 October 2020 £ Cash at bank and in hand 290,248 Debt due within 1 year - 290,248 |
2021 £ (29,495) 32,172 27,944 2,523 (1,714) (13,917) 17,513 2021 £ 346,749 346,749 Cash flows £ 56,501 (50,000) 6,501 |
2020 £ (104,081) |
|---|---|---|
| 22,949 - (2,106) (7,041) 844 |
||
| (89,435) | ||
| 2020 £ 290,248 |
||
| 290,248 | ||
| At 30 September 2021 £ 346,749 (50,000) |
||
| 296,749 |
16. Related party transactions
The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 30 September 2021.
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WOKING GYMNASTICS CLUB
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2021
| Income Donations Grants Membership Subscriptions Gift aid tax recovered Other fundraising income Clothing & other gymnastic activities Coaching income 200 Club Other miscellaneous income Goverment grants Less: Charity expenditure Clothing and other gymnastic activities Other gymnastic costs Bursaries Fundraising expenses Repairs and maintenance Direct costs - wages & salaries Direct costs - NI Direct costs - depreciation Direct costs - pension Support costs - establishment costs Support costs - depreciation Support costs - wages and salaries Support costs - NI Support costs - office support expenses Support costs - miscellaneous expenses Total Charity expenditure Governance expenditure Independent examiners fees Other professional fees Bad debts written off Legal fees Total Governance expenditure Deficit for the reporting period |
2021 £ 956 54,257 56,168 7,677 491 17,474 380,880 1,125 521 74,661 14,997 56,050 5,000 - 28,766 311,445 4,145 31,526 3,772 - 646 113,856 9,717 25,205 46 5,690 6,133 6,711 - |
2021 £ 594,210 605,171 18,534 (29,495) |
2020 £ 7,964 29,000 39,305 10,418 3,806 20,042 335,614 2,849 950 82,913 13,538 76,805 4,398 559 9,045 305,367 19,529 20,334 6,860 39,758 1,510 95,151 8,438 28,353 154 5,979 7,064 (3,500) (2,400) |
2020 £ |
|---|---|---|---|---|
| 532,861 | ||||
| 629,799 | ||||
| 7,143 | ||||
| (104,081) |
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