REGISTERED COMPANY NUMBER: 08538449 (England and Wales) REGISTERED CHARITY NUMBER: 1164233 Report of th• Tru•tw• and Unaudltod Flnanclal Stat•m•nts for th• Yoar End•d 31 August 2021 Eut Mklland• Ch••rloadlng Acad•my
East Mldlands Cheerleading Academy Contonts of the Financlal Statements for the Year Ended 31 August 2021 Paga Report of tha Tru$tee• 1 to 2 Independent ExamlneV$ Report Statamont of Flnanclal Actfvltle• Balance Shè8t Not to the Flnan¢lal Slatements 7 to 11 Detalled Stat•m•nt of Flnanclal kntlvftles 12
East Midlands Cheerfeading Academy Report of the Trustees for the Year Endod 31 August 2021 The trust888 who are algo directors of the tharity for the purposes of the Companies Act 2006, present their report 1th the financial statemerrts of the charty for the year ended 31 August 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to chanties preparing their accounts in accordance with the Financial Reporting Standard applicable in th8 UK and Republic of Ireland (FRS 102) {effectiV8 1 January 2019). OBJECTIVES AND ACTIVITIES Charltles alm8 and porfomian East Midlands Cheerleading Academy was set up to provid8 cheerleading dass88 to the local community in Nottingham, particular focus on keeping young people under the ag8 of 18 in sport. Concessions are made on a disu8tionary basis and dass fees are kept as low as pjssible to allow children whose families Yuld otherwise be unable to afford it to take part. Cheedeading classes are usually offered within our facility 6 days a week and support childr8n from the age of 3 up to adults, both male and female, atthough this has not always teen possible recently due to Covid-19 restrictions. The trustees therefore confimi that the charity 18 run for public benefrt and they have had full regard to the guidance issued by the charty commission on public benefrt. EMCA has grown as a club in tems of the number of athletes tsking part each year, and have been offering classes to over 250 young people. Most of these young people are girls under the age of 18 who were previously not doing any physical activity. thus we continue to meet our main goals as a Charity. keeping gir18 fft and active a8 11 as building lrfe long 8kills of teamwork, trust and commitment. Flnanclal •ummary During lh8 year costs of £55,722 were incurred in relation to roof repalrs. As the guarantee perl¢)d for the work exceeded the term of the premise lease, 50% of this cost was met by the landlord. Should the charity ¢hoo88 to exlend their lea8e beyond the current lease tem ending in December 2028 the charity may be required to repay the landlord's contribution. Revenue reduced in the year due to the effects of the Covid-19 pandemic and restrictions on the ability to run classes and take part in competitions. Concessions for Class fees continued to be granted to approximately 10% of children where parents tre in financial or other support. AS in previous years the majority of incoma 18 generated from cla88 f••8, but oth•r incom• 8ource• indude payments for krt, unrfom, competition entry arKI tid(ets. No profrt is mad8 on these other income sources to ensure there is not financial barrier for those wishing to join the dub. FINANCIAL REVIEW R888rves pollcy Although the Ghanty does not have a spwfic reserves policy. it continues to hold significant rash funds, which would be more than suffirient to cover any unexp8ded costs or loss of income over the next few years. STRUCTURE, GOVERNANCE AND MANAGEMENT Govoming document The charity is a company limited by guarantee. as defined by the Companies Act 2006, and is govemed by its Memorandum and Articles, as amended by Special Resolution. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Company number 08538449 (England and Wales)
East Mldlands cheerldIng kadomy Report of the Trustees for the Year Endod 31 August 2021 Reglstered Charfty number 1154233 Reglstefed office 23 Handd Str8et Nottingham NG3 1JE Tru•to•• Anna Mead Nicola van Gekl8r Helena Za@Icki (appointed 6.7.21) The trustee memorandum Sets out the role and approach for the charitys lJustaes. Tru$t888 are voted in every three years by volunteers & parents, to ensure that the club continu88 to make progress arKI meet its charitable aims in thé bèst way possible. Indop•ndont Examln•r Deborah Caine ACA Mellor Oxland LLP Hine House 25 Regent Street Nottingham NG15BS Approved by order of the board of trust608 on .......aQl.Q5r2Ql2...... behalf by.. and Signed on it$ Nicola van Gelder- Trusteo
Independènt Examinerfs Report to the Trusteos of East Midlands Cheerfeadlng Academy Indendent examineV8 r•port to the tru•toes of East Mldlands Cheerl8adlng Academy ('tho Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2021. Rasponsibllltles and basls of report As the charty's trustees of the Company (and also lis directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requir8ments of the Companies Act 2006 (Ihe 2006 Acr). Having sakn'sfied myself that ts aCUnts of ts Company are not required to be audited under Part 16 of the 2008 Act and are @I1ble for independent examination, I report in respect of my examination of your charitys accounts as carried out under section 145 of the Charfties Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commi88ion under section 145{5) (b) of the 2011 Aci. Indepndent examln•¢8 Statmnt I have completed my examination. I confirm that no matters have come to my attention In connection Wbth the examination giving me cause to belith: accounting record8 ere not kept in re8Fed of the Company a8 wuired by Section 386 of the 2006 Ad,. or the account8 do not accord with th08e records; or the accounts do not comply with the accounts'ng requirements of Section 396 of the 2008 AGt other than any requirement that the accounts give a tru8 and fair view whlth Is not a matter considered as part of an independent examination,. or the arxounts have not been prepared in accordan with th8 methods and principl88 of the Statement of Recommended Practice for accounting and reportin9 by charities (applicable to charities preparing their accounts in a¢¢ordance wilh the Flnandal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) I have no concerns and have come across no other matters in connectlon 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. DeboRh Caine ACA Mellor Oxland LLP Hine House 25 Regent Street Nottingham NG15BS
East Mwdlands Chewleading A¢adomy Statement of Financial Acthiltl•8 for the Year Ended 31 August 2021 2021 Unrestricted fund 2020 Total funds Note8 INCOME AND ENDOWMENTS FROM Other income 183,203 354,766 EXPENDITURE ON Other 190,802 305,112 NET INCOMEI(EXPENDITURE) (7.599) 49,854 RECONCILIATION OF FUNDS Total funds brought forward 249,687 200,033 TOTAL FUNDS CARRIED FORWARD 242,088 249,687
East IAlldlands Cheerfeading Acadwny Balance Sheat 31 August 2021 2021 Unrestricted fund 2020 Totsl funds Notes FIXED ASSETS Tangible assets 52,780 48,930 CURRENT ASSErs Cash at bank 190,592 201,957 CREDITORS Amounts falling due within one year (1,284) (1,200) NET CURRENT ASSETS 189,308 200,757 TOTAL ASSETS LESS CURRENT LIABILITIES 242,088 249,687 NET ASSETS 242,088 249,687 FUNDS Unrestricted funds 242,088 249,687 TOTAL FUNDS 242,088 249,887 The charitable company is entitled to exempts'on from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021. The member8 have not required the company to obtain an audit of its financial st8t8m8nts for the year ended 31 August 2021 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge thesr responsikn'liiies for (a) ensuring that the charitable company keep8 accountiNJ records that Comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which gNe 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 finanoal year in accordance wtth the requirements of Sections 394 and 395 and which otheNiise Gompty with the requirements of the Companies Act 2006 relating to financial statements, so far as applirAble to Ihe charitable company.
East Mldlands Cha•rl•ading A¢ad•my Balancè Sheet- conllnued 31 August 2021 These financial statements have been prepared in aocordance *ith the provIsn$ applicablé to ¢harilaNe companies sul¥'ect to the small companies regime. e financial statements re approved by the Board of Tnjstees and authorised for Issue on . and were signed on tts behalf by.. Nicola van G8lder- Trustee The notes fomi part of these financial statemer)ts
East Mldlands Cheerfeadlng Academy Notes to the Flnanclal Statements for the Year Ended 31 August 2021 ACCOUNTING POUCIES Basls of preparfng tho financlal statemont• The finanaal statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance wth the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicabl8 to charities preparing their aG¢ounts in accordance Nwth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effedive 1 January 2019),, Financial Reporting Standard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial ststements have been prepared under the hl8tori¢al cost convention. In¢omo All income 18 recognised in the Statement of Financial Activiti88 once the charity has entrtlement to the funds, il 18 probable that the income will be received and the amount can be measured reliably. Expondlturn Liabilities are recognised as expenditure as Soon a8 there 18 a legal or con8tructNe obligation commitlj'ng the charity to that exFenditure, it 18 probable that a tran8fer of economic benefits wtll be required in settlement and the amount of the obligation can be measur8d reliably. Expenditure is accounted for on an accTual8 basis and has been classified under heading8 that aggregate all cost related to the category. IAlhere costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consi8t8nt with the use of resources. T•nglbl• flxod aM•ts Depre¢ialion is provKJed at the follwing annual rates in order to wrlte off each 088et over rt8 estimated useful life. Plant and machinery Fixtures and fitting8 Fixtures and fittings are wrttlen off on a straight line basis over the remaining term of the property lease at the time of purchaae. 20% on cost in accordance wilh the property Taxatlon The charty is exempt from corwration tsx on its charitable activrties.
East Mldlands CIMarloading Academy Notes to the Flnanclal Statements - continu for the Year Ended 31 August 2021 OTHER INCOME 2021 2020 Govemment grants Fees collected Gym hire Worlds Fundraising 32,229 120,707 4.810 24.965 492 34,000 169,706 6,280 139,029 5,751 183,203 354,766 During the year grants of £32,229 were received from Covid-19 government 8UPPOrt 8chemes. NEf INCOMEI(EXPENDITURE Net incomel(expenditure) 18 stated after chargingl(rAeditiNJ): 2021 2020 Depreciation - owned as8et8 10,264 TRUSTEES, REMUNERATION AND BENEFITS There vmrè no trustees, muneratIon or other benefrt8 for ts year ended 31 Augu8t 2021 nor for the year ended 31 August 2020. Trust••8' •xpen808 There were no twste88' expenses paid for the year ended 31 August 2021 nor for the year ended 31 Augu8t 2020. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcnvmES Unrestricte fund INCOME AND ENDOWMEKfs FROM other income 354,766 EXPENDITURE ON Other 305,112 NEf INCOME 49,654 RECONCILIATION OF FUNDS Total funds brought forward 200,033
East Midlands Cheerfoadlng Acadomy Notss to the Financial Statements - contlnuad for the Year Ended 31 August 2021 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES - continuod Unrestricte fund TOTAL FUNDS CARRIED FORWARD 249,687 TANGIBLE FIXED ASSETS Fixtures and frtting8 Plant and machinery Totsls COST At 1 September 2020 Additions 61,569 54,515 11,910 116,084 11,910 At 31 August 2021 61,569 66,425 127,994 DEPRECIATION At 1 September 2020 Charge lor year 61,297 272 5.857 7.788 67,154 8,060 At 31 August 2021 61.589 13,645 75,214 NET BOOK VALUE At 31 August 2021 52,780 52,780 At 31 August 2020 272 48,658 48,930 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2021 2020 Accrued expen8e8 1,284 1,200 MOVEMENT IN FUNDS Net movement in funds At 31.8.21 At 1.9.20 Unrestrlcted funds General fund 249.687 (7,599) 242,088 TOTAL FUNDS 249,687 (7,599) 242,088
East Midlands Clwrleading Academy Notss to the Financial Statsments - continued for the Year Ended 31 August 2021 MOVEMENT IN FUNDS - contlnued Net movement in funds, included in the above are ag follows: Incoming Resource8 Movement resources expended in funds Unre8trlclod fund* General fund 183,203 (190,802) (7,599) TOTAL FUNDS 183,203 (190,802) {7,599} Comparatlve8 for mov•m•nt In funds Net movement in funds At 31.8.20 At 1.9.19 Unmlrlct•d fund• General fund 200,033 49,654 249,687 TOTAL FUNDS 200,033 49,654 249,887 Comparative net movement In funds. induded in the above are as follow8: Incoming Resources Movement resource8 expended in funds Unr•strlctod fund• G¢noral fund 354,7e8 (305,112) 49,654 TOTAL FUNDS 354,766 (305,112) 49.654
East Midlands Cheerleading Academy Notes to the Flnan¢ial Statements - continued for the Year Ended 31 August 2021 RELATED PARTY DISCLOSURES There We no r81ated party transactions for the year ended 31 August 2021.
East Mldlands Cheorloadlng Academy Detalled Statement of Flnanclal Actlvltles for the Year Ended 31 August 2021 2021 2020 INCOME AND ENDOWMENTS other Income Government grants Fees collected Gym hire Worlds Fundralslng 32,229 120,707 4,810 24,965 492 34,000 169,706 6,280 139,029 5.751 183.203 354,766 Totsl Incomlng mource• 183,203 354.766 EXPENDITURE Other Kit purchases Coaching costs Hall running Ticket purchases Worlds cost$ Other costs Fundraising costs Plant and machinery Fixtures and fittings 26,825 42,170 94,262 4,179 10.376 3,241 405 272 7.788 28,703 35,152 59.375 45,841 120,942 1,812 1,823 4,407 5,857 189,518 303,912 Support cost• Governance costs Accountancy fees 1,284 1,200 Total resources expended 190,802 305,112 Net (eXndItureyln¢0m0 (7,599) 49.654 This page does not fonn part of the statLrtory financial statements