Registered number: 08470223 Charity number: 1152878
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2022
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 - 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 - 10 |
| Notes to the financial statements | 11 - 23 |
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2022
Trustees Mr Christopher Oakley (resigned 16 May 2022) Mr Ian Scott-Smith (appointed 2 October 2021) Mrs Elizabeth Jacques Mrs Stefanie Olivia (resigned 4 April 2022) Ms Lisa Boarer Ms Amy Woolgar (appointed 25 February 2023) Company registered number 08470223 Charity registered number 1152878 Registered office 52 New Town Uckfield East Sussex TN22 5DE Accountants Simmons Gainsford LLP Chartered Accountants 52 New Town Uckfield TN22 5DE
Page 1
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022
The Trustees present their annual report together with the financial statements of the Company for the year 1 October 2021 to 30 September 2022. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The Charity's objects are to foster and promote community participation in healthy recreation for the benefit of the inhabitants of Uckfield, East Sussex and the surrounding districts by the provision of facilities and coaching of trampoline, gymnastics, Double Mini Trampoline (DMT) and tumbling and the provision of these for all ages and abilities. The policies adopted in furtherance of these objects are the provision of trampoline, gymnastics, DMT and tumbling classes for all ages and abilities, the provision of appropriate facilities and the sale of relevant merchandise. There has been no change in these during the period.
The Charity is responsible for all the activities that take place at Fun Abounds Trampoline Centre and provides services to all. These include recreational and competitive trampoline, gymnastics, tumbling and DMT sessions for children and adults, supervised play sessions, fun sessions for pre-school and school age children, individual needs sessions and exclusive sessions for several care homes for adults with disabilities. Additionally, during the day several schools attend for lessons including two local special schools with children from all Key Stages.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
b. Activities undertaken to achieve objectives
The Centre is fully accessible, with a hoist to enable wheelchair users to access the trampolines and service users from local adult care homes are benefitting from this also. The Centre is hired out exclusively to two groups of adults with autism and challenging behaviour unable to attend other leisure facilities, therefore these groups are able to access a sport they would not otherwise be able to do.
Supervised play sessions are offered to school age children along with a host of organised activity camps throughout the school holidays. Local youth groups including Cubs, Brownies, Girl Guides, church youth groups, Kangaroos and a group of Looked After Children have accessed these play sessions also. Hundreds of children have attended birthday parties at the Centre.
The Centre is home to the competitive section of the Sky High Trampoline Gymnastics Academy, which now has over 400 members taking part in recreational activities and 67 competitive members from the area, competing in trampoline, DMT and tumbling; currently boasting 13 National level performers, being one of the most highly regarded elite Clubs in the country.
Page 2
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022
Objectives and activities (continued)
c. Main activities undertaken to further the Company's purposes for the public benefit
The benefits to the community can be seen in so many areas. Children make friends in a safe environment, committed to building self-confidence, self-esteem, accessible to all with numerous health benefits such as improved co-ordination, balance, fitness, mobility strength to name but a few. It has been a refuge for several and it has seen many people, young and older, grow, develop, increase in confidence and shine. It has enabled many people to take on roles they never imagined they would and it has provided a career pathway for numerous young people, including school leavers without any previous employment.
Achievements and performance
a. Main achievements of the Company
Sky High Trampoline Gymnastics Academy ran programmes across trampoline, gymnastics, DMT and tumbling during the 2021/2022 financial year, gradually increasing through the year coming out of Covid-19 restrictions. Volunteers are a huge part of the Charity and have supported Sky High across all areas of its work and we are very grateful for their knowledge, experience and enthusiasm. Their roles vary from judging to helping with maintenance and repairs and selling merchandise and during the year, have donated hundreds of hours of their time to help Sky High achieve its mission. The Company has also employed one coaching apprentice in cooperation with Coach Core, Active Sussex and Lifetime Training under the government’s apprenticeship scheme.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. The coronavirus pandemic was the biggest challenge the Company had ever dealt with having seen the Centre closed for five months and operating at limited capacity for the remaining seven months of the previous financial year.
At the start of this financial year, the Centre was still not running at capacity and this had an adverse effect on the annual income, however in September 2022, the demand for spaces in the recreational classes far exceeded the number of spaces, resulting in a very positive increase in income for the last month of the year. Should this trend continue into the 2022/2023 financial year, the Company’s financial stability will be markedly better than in all previous years. With the previously revised structure in place, the Trustees are confident the Company will remain financially viable for the long term. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The reserves policy is to hold 3 months of operating costs to ensure the Company can continue to provide services during periods of inconsistent funding. This amount is currently estimated at £75,000. The current amount of free reserves is negative £11,216 which falls short of the desired policy level. The Company is investigating ways to bring the current free reserves level in line with the policy.
Page 3
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022
Structure, governance and management
a. Constitution
Sky High Trampoline Gymnastics Academy is a Company limited by guarantee which was incorporated on 2nd April 2013. The Company was registered with the Charity Commission on 15th July 2013 and commenced activities from this date.
b. Methods of appointment or election of Trustees
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
c. Organisational structure and decision-making policies
None of the Trustees has any beneficial interest in the Company. All of the Trustees are members of the Company and guarantee to contribute £10 in the event of a winding up. At the end of the accounting period, the Company had 3 trustees and 16 employees (full and part-time); 15 employees are coaching staff while 1 of the staff deals with the administration. The Trustees are responsible for the overall strategies and are assisted in the day to day activities by the employees. No Trustees are remunerated for their services as Trustees and none of the Trustees work for the Company.
d. Financial risk management
The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Page 4
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY (A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgements and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company 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:
Ms Lisa Boarer (Trustee) Date: 24 June 2023
Page 5
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022
Independent examiner's report to the Trustees of Sky High Trampoline Gymnastics Academy ('the Company')
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 30 September 2022.
Responsibilities and basis of report
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the Company'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 Association of Chartered Certified Accountants, which is one of the listed bodies.
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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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 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.
Page 6
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022
This report is made solely to the Company'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 Company'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 Company and the Company's Trustees as a body, for my work or for this report.
Signed: James Duggan
Dated: 26 June 2023
Association of Chartered Certified Accountants
Simmons Gainsford LLP Chartered Accountants 52 New Town Uckfield TN22 5DE
Page 7
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Note Income from: Donations and legacies 3 Charitable activities 4 Other trading activities 5 Other income 6 Total income Expenditure on: Raising funds Charitable activities 7 Total expenditure Net movement in funds before other recognised gains/(losses) Other recognised gains/(losses): Other losses Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2022 £ 2,170 348,269 11,746 4,508 366,693 10,266 355,790 366,056 637 - 637 (11,853) 637 (11,216) |
Restricted funds 2022 £ - - - - - - - - - - - 800 - 800 |
Total funds 2022 £ 2,170 348,269 11,746 4,508 366,693 10,266 355,790 366,056 637 - 637 (11,053) 637 (10,416) |
Total funds 2021 £ 4,953 179,255 2,201 102,973 |
|---|---|---|---|---|
| 289,382 2,886 291,835 |
||||
| 294,721 (5,339) (1,437) |
||||
| (6,776) (4,277) (6,776) |
||||
| (11,053) |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 11 to 23 form part of these financial statements.
Page 8
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee) REGISTERED NUMBER: 08470223
BALANCE SHEET AS AT 30 SEPTEMBER 2022
| Note Fixed assets Tangible assets 12 Current assets Stocks 13 Debtors 14 Cash at bank and in hand Creditors: amounts falling due within one year 15 Net current liabilities Total assets less current liabilities Creditors: amounts falling due after more than one year 16 Net liabilities excluding pension asset Total net assets Charity funds Restricted funds 17 Unrestricted funds 17 Total funds |
- 26,606 200 26,806 (43,126) |
2022 £ 44,064 44,064 (16,320) 27,744 (38,160) (10,416) (10,416) 800 (11,216) (10,416) |
100 18,784 1,161 20,045 (34,841) |
2021 £ 47,073 |
|---|---|---|---|---|
| 47,073 (14,796) |
||||
| 32,277 (43,330) |
||||
| (11,053) | ||||
| (11,053) 800 (11,853) |
||||
| (11,053) |
Page 9
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee) REGISTERED NUMBER: 08470223
BALANCE SHEET (CONTINUED) AS AT 30 SEPTEMBER 2022
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared and delivered in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Ms Lisa Boarer
(Trustee) Date: 24 June 2023
The notes on pages 11 to 23 form part of these financial statements.
Page 10
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
1. General information
Sky High Trampoline Gynastics Academy is a company limited by guarantee (08470223), registered in England and Wales. The registered office address is 52 New Town, Uckfield, East Sussex, TN22 5DE. The members of the company are the Trustees named on within the Trustees' report. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.
2. Accounting policies
2.1 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 Companies Act 2006.
Sky High Trampoline Gymnastics Academy meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
The financial statements have been prepared on a going concern basis for the reasons explained in more detail within the Trustees' Report.
2.3 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Company's accounting policies.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Company which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Page 11
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
2. Accounting policies (continued)
2.4 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. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £300 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, using the straight-line method.
Depreciation is provided on the following basis:
- Fixtures and fittings Over 10 years
2.7 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.
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 12
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
2. Accounting policies (continued)
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.11 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.12 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
2.13 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 Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 13
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
3. Income from donations and legacies
| Donations Total 2021 |
Unrestricted funds 2022 £ 2,170 4,953 |
Total funds 2022 £ 2,170 4,953 |
Total funds 2021 £ 4,953 |
|---|---|---|---|
4. Income from charitable activities
| Services Membership fees Course income Venue hire Competition entries Total 2021 |
Unrestricted funds 2022 £ 225 101,899 195,915 40,226 10,004 348,269 179,255 |
Total funds 2022 £ 225 101,899 195,915 40,226 10,004 348,269 179,255 |
Total funds 2021 £ 50 64,038 100,602 14,545 20 |
|---|---|---|---|
| 179,255 | |||
Page 14
(A company limited by guarantee)
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
5. Income from other trading activities
Income from non charitable trading activities
| Bank interest receivable Cafe sales Merchandise Total 2021 6. Other incoming resources Government grants Total 2021 7. Analysis of expenditure on charitable activities Summary by fund type Charitable activities Total 2021 |
Unrestricted funds 2022 £ - 7,491 4,255 11,746 2,201 Unrestricted funds 2022 £ 4,508 102,973 Unrestricted funds 2022 £ 355,790 291,835 |
Total funds 2022 £ - 7,491 4,255 11,746 2,201 Total funds 2022 £ 4,508 102,973 Total 2022 £ 355,790 291,835 |
Total funds 2021 £ 1 - 2,200 |
|---|---|---|---|
| 2,201 | |||
| Total funds 2021 £ 102,973 Total 2021 £ 291,835 |
|||
Page 15
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
7. Analysis of expenditure on charitable activities (continued)
Summary by expenditure type
| Charitable activities Total 2021 |
Staff costs 2022 £ 208,684 170,989 |
Depreciation 2022 £ 11,129 10,874 |
Other costs 2022 £ 135,977 109,972 |
Total 2022 £ 355,790 291,835 |
Total 2021 £ 291,835 |
|---|---|---|---|---|---|
8. Analysis of expenditure by activities
| Charitable activities Total 2021 |
Activities undertaken directly 2022 £ 355,790 291,835 |
Total funds 2022 £ 355,790 291,835 |
Total funds 2021 £ 291,835 |
|---|---|---|---|
Page 16
(A company limited by guarantee)
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
8. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Staff costs Depreciation Rent and rates Bank and card fees Competition fees Light and heat Office costs Repairs and maintenance Cleaning Insurance Travel Advertising Training Miscellaneous Accountancy Interest payable on bank loans Total 2021 |
Services 2022 £ 208,684 11,129 78,209 4,190 8,246 9,201 8,035 7,237 6,434 4,881 1,374 641 1,628 711 4,006 1,184 355,790 291,835 |
Total funds 2022 £ 208,684 11,129 78,209 4,190 8,246 9,201 8,035 7,237 6,434 4,881 1,374 641 1,628 711 4,006 1,184 355,790 291,835 |
Total funds 2021 £ 170,989 10,874 72,129 2,333 309 4,332 6,286 9,807 3,169 4,999 382 771 852 309 3,867 427 |
|---|---|---|---|
| 291,835 | |||
9. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £1,210 (2021 - £1,210).
Page 17
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
10. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2022 £ 194,985 8,825 4,873 208,683 |
2021 £ 162,655 4,514 3,820 |
|---|---|---|
| 170,989 |
The average number of persons employed by the Company during the year was as follows:
| Coaching staff Admin staff |
2022 No. 15 1 16 |
2021 No. 13 1 |
|---|---|---|
| 14 |
No employee received remuneration amounting to more than £60,000 in either year.
11. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2021 - £NIL).
During the year ended 30 September 2022, no Trustee expenses have been incurred (2021 - £NIL).
Page 18
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
| 12. Tangible fixed assets Cost At 1 October 2021 Additions At 30 September 2022 Depreciation At 1 October 2021 Charge for the year At 30 September 2022 Net book value At 30 September 2022 At 30 September 2021 13. Stocks Finished goods and goods for resale 14. Debtors Trade debtors Prepayments and accrued income |
2022 £ - 2022 £ 1,578 25,028 26,606 |
Fixtures and fittings £ 105,716 8,120 |
|---|---|---|
| 113,836 | ||
| 58,643 11,129 |
||
| 69,772 | ||
| 44,064 | ||
| 47,073 | ||
| 2021 £ 100 2021 £ 1,025 17,759 18,784 |
Page 19
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
15. Creditors: Amounts falling due within one year
| Bank overdrafts Other loans Trade creditors Other taxation and social security Pension fund loan payable Accruals and deferred income Creditors: Amounts falling due after more than one year Bank loans Included within the above are amounts falling due as follows: Between one and two years Bank loans Between two and five years Bank loans Over five years Bank loans |
2022 £ 71 5,171 28,972 3,486 966 4,460 43,126 2022 £ 38,160 2022 £ 5,314 16,810 16,036 |
2021 £ - 5,026 22,051 2,622 900 4,242 |
|---|---|---|
| 34,841 | ||
| 2021 £ 43,330 |
||
| 2021 £ 5,171 |
||
| 16,377 | ||
| 21,782 |
16. Creditors: Amounts falling due after more than one year
Page 20
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
17. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Restricted funds UCTC School Trampoline Team Total of funds |
Balance at 1 October 2021 £ (11,853) 800 (11,053) |
Income £ 366,693 - 366,693 |
Expenditure £ (366,056) - (366,056) |
Balance at 30 September 2022 £ (11,216) 800 (10,416) |
|---|---|---|---|---|
Page 21
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
17. Statement of funds (continued)
Statement of funds - prior year
| Unrestricted funds General Funds - all funds Restricted funds UCTC School Trampoline Team Total of funds |
Balance at 1 October 2020 £ (5,076) 800 (4,276) |
Income £ 289,381 - 289,381 |
Expenditure £ (294,721) - (294,721) |
Gains/ (Losses) £ (1,437) - (1,437) |
Balance at 30 September 2021 £ (11,853) 800 (11,053) |
|---|---|---|---|---|---|
18. Analysis of net assets between funds Analysis of net assets between funds - current year
| Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total |
Unrestricted funds 2022 £ 44,064 26,006 (43,126) (38,160) (11,216) |
Restricted funds 2022 £ - 800 - - 800 |
Total funds 2022 £ 44,064 26,806 (43,126) (38,160) (10,416) |
|---|---|---|---|
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(A company limited by guarantee)
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
18. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
| Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total |
Unrestricted funds 2021 £ 47,073 19,245 (34,841) (43,330) (11,853) |
Restricted funds 2021 £ - 800 - - 800 |
Total funds 2021 £ 47,073 20,045 (34,841) (43,330) |
|---|---|---|---|
| (11,053) |
19. Pension commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,873 (2021 - £3,820). Contributions totalling £966 (2021 - £900) were payable to the fund at the balance sheet date and are included in creditors.
20. Operating lease commitments
At 30 September 2022 the Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:
| Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years |
2022 £ 84,000 294,000 - 378,000 |
2021 £ 72,000 288,000 36,000 |
|---|---|---|
| 396,000 |
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