2020-12-31-accounts

Charity Information
Trustees' Report
Independent Examiners	Report
Statement of Financial	Activities
Balance Sheet
Statement ofCashflows
Notes to the Accounts

Trustees for	the year:	the year:	hlikkl Oakes, Chair
			Steve Morcombe,	Treasurer
			Sam Copping, Welfare Officer
			Peter Moss, Boys Representative
			Angelique Halbach,	Girls	Representative
			Sam Blackwell, Committee			Member
			Donna White, Committee			Member
			Shelley Chandler-Symes		(appointed		09,01.2020), Committee	Member
Address:			Brinkley Grove Road
			Colchester
			Essex, CO45DS
Charity registration		number:	1154320
Bankers;			CAP Bank
			25 Kings Hill Avenue
			West Mailing
			Kent, ME194JQ
Solicitors:			Birkett Long ofColch ester
			1Amphora Place
			Colchester
			Essex, CO3 3WG
Independent	Examiner:		Griffin Chapman
			4 gr 5The Cedars
			Apex 12
			Old Ipswich Road
			Colchester
			Essex, CO7 7QR

				Note		2020			2019
					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					6	E	6	6	6	6
incoming Resources
Voluntary Income
Donations, Grants,	Gifts			5	51,981	139,624	191,605	138	67,395	67,533
Incoming Resources	from
Charitable Activities				5	379,527		379,527	689,815		689,815
Activities for Generating			Funds
Fundraising, vending,		clothing		6	25,640		25,640	56,929		56,929
Investments					720		720	561		561
Other Income				5	4,693		4,693	53,875		53,875
Total Income					462,561	139,624	602,185	801,318	67,395	868,713
Costs of Generating		Funds		7	11,300		11,300	41,842		41,842
Charitable Activities		Expenditure
Wages and salanes				8,9	387,962		387,962	450,744		450,744
Equipment costs					18,797	568	19,365	30,599	5,708	36,307
Premises costs					53,742		53,742	51,880		51,880
Gymnastics costs					4,973		4,973	27,322		27,322
Finance and Overhead			costs	10	72,578	3,117	75,695	113,145	653	113,798
					538,052	3,685	541,737	673,690	6,361	680,051
Governance				11	1,804		1,804	1,000		1,000
Total Expenditure					551,156	3,685	554,841	716,532	6,361	722,893
Net inmme / (expenditure)					(88,595)	135,939	47,344	84,786	61,034	145,820
Transfers between	funds				136,147	(136,147)		653	(653)
Net movement in funds					47,552	(208)	47,344	85,439	60,381	145,820
Opening I-unds					901,224	69,217	970,441	815,785	8,836	824,621
Addition to Funds					47,552	(208)	47,344	85,439	60,380	145,820
Closing Funds					948,776	69,009	1,017,785	901,224	69,217	970,441

			Note	2020		2019
Fixed Assets			12
Property				736,350		736,350
Fixed Assets - Equipment				154,745
					891,095		912,953
Current Assets
Stock				5,588		4,471
Trade Debtors				3,147		13,621
Other Debtors and prepayments				2,552		2,549
VAT						3,008
Bank Accounts				270,743
					282,031		315,990
Current Liabilities
Trade Creditors				104		5,286
Income kn advance			13	11,648		89,850
Accruals				5,415		18,998
PATE/NIC/Pensions				6,606		6,412
Short term loans (less than		1year)		13,841		11,911
					37,614		132,457
Current Assets less Current		Liabilities:			244,417		183,533
Total Assets less Current	Liabilities:				1,135,512		1,096,486
Long Term Liabilities
Mortgages and long term	loans			117,727		126,045
					117,727		126,045
Total Assets less Total Liabilities:					1,017,785		970,441
Funds
Unrestricted Funds			15	948,776		901,224
Restricted Funds			15	69,009		69,217

				2020	2019
Cash flows from operating activities
Net income/(expenditure) for the reporting		period		47,344	145,820
Adjustments for:
Depreciation				23,687	16,618
Loss /(Profit) on disposal of property,		plant and	equipment		2,401
Decrease/(increase) in debtors				13,479	(12,376)
Decrease/(increase) in stock				(1,117)	1,546
Increase/(decrease) in creditors				(94,844)	1,656
Interest paid				5,762	8,181
Interest received				(720)	(561)
Net cash provided by operating activities				(6,409)	163,285
Cash flows from investing activities
Dividends, interest, rents				720	561
Purchase of property, plant and	equipment			(1,829l	(110,877)
Net cash provided by (used in) investing		activities		(1,109)	(110,316)
Cash flows from financing activities
Repayments of borrowing				(8,318)	(3,730)
Interest Paid				(5,762)	(8,181)
Net cash provided by (used in) financing		activities		(14,080)	(11,9111
Change in cash and cash equivalents	in the	reporting	period	(15,189)	(128,908)
Cash and cash equivalents at the 1/1/20				292,341	251,283
Cash and cash equivalents at 31/12/20				270,743	292,341
Changein cash and bank				(21,598)	41,058

d assets costing E500or more are capit mated useful lives as follows:	alised at cost and depre
Fixed Gymnastics Equipment	10to 25 years
Unfixed Gymnastics Equipment	5 to 10years
Premises Improvements	10to 20years
Office Equipment	3to 10years
Furniture & Fittings	5to 10years

9.ANALYSIS OF STAFF COSTS
	2020	2019
	E	E
Wages ik Salaries	372,764	421,701
Social Security Costs	9,676	16,983
Pension Costs	3,858	5,310
Redundancy Payments	0	1,816
StaffTra ini ng Costs	1,664	4,934
	387,962	450,744

			2020	2019
			E	E
Discounts Allowed			4,812	11,358
Advertising			462	1,810
Printing, Postage gi Stationery			1,062	1,941
Telephone gi	Broadband		1,791	2,039
Insurance			3,617	2,959
Finance Fees			14,739	21,288
Professional	Fees		16,209	13,886
Non Reclaimed		VAT	5,575	33,167
Depreciation			23,687	16,618
Bad Debts			548	(543)
Other Costs			3,193	9,275
			75,695	113,798

12.FIXEDASSETS
		eym	Office	Fixtures &	Premises
	Property	Equipment	Equipment	Fittings	Improvements	Total
	E	E	E	6	E	6
Cost or Valuation
At 1Janua ry 2020	736,350	175,036	3,716	3,422	65,242	983,766
Additions		1,320	509			1,829
Reclassificatioa
Disposais
At 31December 2020	736,350	176,356	4,225	3,422	65,242	985,595
Depreciation
At 1January 2020		(63,995)	(2,552)	(286)	(3,980)	(70,813)
Charged in Year		(19,049)	(6381	l490)	(3.5101	(23,687)
Reciassification
Disposais
		(83,044)	(3,190)	(776)	(7,490)	(94,500)
NBV at 31December 2020	736,350	93,312	1,035	2,646	57,752	891,095
NBV at 31December 2019	736,350	111,041	1,164	3,136	61,262	912,953

At year-end, the Charity has ou due as follows:	tstanding c	ommitments un	der non-canc
		2020	2019
		f	E
Within one year		10,989	14,454
Later than one year but within	five year	21,396	24,225

2020				Unrestricted	Designated		Restricted	2020 Total
				6		6		6
Tangible		fixed assets		834,607			56,488	891,095
Debtors				5,699				5,699
Stock				5,588				5,588
Cash at	bank		and in hand	258,222			12,521	270,743
Current	I	iabi	I ities	(37,614)				(37,614)
Long-term		liabilities		(117,727)				(117,727)
				948,776			69,009	1,017,785
2019				Unrestricted	Designated		Restricted	2019Total
				8				6
Tangibi	e	fixed assets		853,525			59,428	912,953
Debtors				19,178				19,178
Stock				4,471				4,471
Cash at	bank		and in hand	282,552			9,789	292,341
Current	liabilities			(132,457l				(132,457)
Long-term		liabilities		(126,045)				(126,045)
				901,224			69,217	970,441

							2020
			Brought				Carried
2020			Forward	Income	Expenditure	Transfer	Forward
					F.
~nre ~ric
Free Reserves			901,224	462,561	(551,156)	136,147	948,776
Designated Funds
Tata I Unrestricted			901,224	462,561	(551,156)	136,147	948,776
805)OS300 Flanes
Jack Petchey			3,225	1,600	(568)		4,257
ECGA Bursary			175	1,200			1,375
Lighting Award	/	Other	6,389	500			6,889
HMRC Furlough		Monies		136,324		(136,324)
R ri ed Fixed		Asset Reserve
Car Park lk Equipment			59,428		(3,117)	177.00	56,488
Tota I Restn cted			69,217	139,624	(3,685)	(136,147)	69,009
Per Accounts			970,441	602,185	(554,841)		1,017,785
							2019
			Brought				Carried
2019			Forward	Income	Expenditure	Transfer	Foi'wai'd
UDrr~ntgit Fu~nd
Free Reserves			808,965	801,318	(716,532)	7,473	901,224
Designated Funds			6,820			(6,820)
Tota I Unrestricted			815,785	801,318	(716,532)	653	901,224
Jack Petchey			2,272	2,250	(598)	(699)	3,225
ECGA Bursa ry			175	1,200		(1,200)	175
Ughting Award			6,389				6,389
R fl Fix		iv
Car Park gr Equipment				63,945	(5,763)	1,246	59,428
			8,836	67,395	(6,361l	(653)	69,217
Per Accounts			824,622	868,713	(722,893)		970,441