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2021-12-31-accounts

Trustees'
Report		 Trustees'
Report
Independent Examiners Report
Statement of Financial Activities
Balance Sheet
Statement of Cashflows
Notes to the Accounts

Trustees for the year: the year: Nikki Oakes, Chair
Steve Morcombe, Treasurer (resigned 6'" July 2021)
Lesley Aldons, Treasurer (appointed 19'"October 2021)
Sam Copping,
Welfare Officer
Peter Moss, Boys Representative
Angelique
Halbach,		 Girls Representative (resigned 8'" November 2021)
Sam Blackwell, Committee Member (resigned 6'" July 2021)
Donna White, Committee Member
Shelley Chandler-Symes, Committee Member
Address: Brinkley Grove Road
Colchester
Essex, CO4 5DS
Charity registration number: 1154320
Bankers: CAF Bank
25 Kings
Hill Avenue
West Mailing
Kent, ME194JQ
Solicitors: Birkett Long ofColchester
1Amphora
Place
Colchester
Essex, CO3 3WG
Independent Examiner: Griffin Chapman
4 &5The Cedars
Apex 12
Old
Ipswich
Road
Colchester
Essex, C07 7QR

St at em ent of Financi al Activities for the Y ear Ended 31st Decembe r 2021
Note 2021 2020
Unrestricted Restricted Total Unrestricted Restricted Total
f E E
Incoming Resources
Voluntary
Income
Donations,
Grants,		 Gifts 5 92,642 72,623 165,265 51,981 139,624 191,605
Incoming Resources from
Charitable
Activities		 5 445,082 445,082 379,527 379,527
Activities for Generating Funds
Fundra ising, vending, clothing 6 22,076 22,076 25,640 25,640
Investments 1,515 1,515 720 720
Other Income 4,693 4,693
Total Income 561,315 72,623 633,938 462,561 139,624 602,185
Costs ofGenerating Funds 7 25,413 25,413 11,300 11,300
Charitable
Activities		 Expenditure
Wages and Salaries 8,9 369,450 369,450 387,962 387,962
Equi pment costs 17,417 916 18,333 18,797 568 19,365
Premises costs 50,548 50,548 53,742 53,742
Gymna stics costs 8,911 8,911 4,973 4,973
Finance and Overhead costs 10 73,099 3,117 76,216 72,578 3,117 75,695
519,425 4,033 523,458 538,052 3,685 541,737
Governance 11 1,500 1,500 1,804 1,804
Total Expenditure 546,338 4,033 550,371 551,156 3,685 554,841
Net income / (expenditure) 14,977 68,590 83,567 (88,595) 135,939 47,344
Transfers
between funds		 71,123 (71,123) 136,147 (136,147)
Net movement
in funds		 86,100 (2,533) 83,567 47,552 (208) 47,344
Opening
Funds		 948,776 69,009 1,017,785 901,224 69,217 970,441
Addition
to Funds		 86,100 (2,533) 83,567 47,552 (208) 47,344
Closing Funds 1,034,876 66,476 1,101,352 948,776 69,009 1,017,785

Note 2021 2020
Fixed Assets 12
Property 736,350 736,350
Equipment 142547 154745
879,297 891,095
Current
Assets
Stock 5,453 5,588
Trade Debtors 4,028 3,147
Other Debtors and prepayments 3,197 2,552
Bank Accounts 456 734 270 743
469,412 282,031
Current
Liabilities
Trade Creditors 1,583 104
Income in advance 13 113,116 11,648
Accruals 8,324 5,415
PAYE/NIC/Pensions 6,617 6,606
Short term loans (less than 1year) 14015 13841
143655 37,614
Current Assets less Current Liabilities: 325,757 244,417
Total Assets less Current Liabilities: 1,205,054 1,135,512
Long Term Liabilities
Mortgages
and long term		 loans 103702 117727
103702 117,727
Total Assets less Total Liabilities: 1101352 1,017,785
Funds
Unrestricted
Funds		 15 989,876 948,776
Restricted
Funds		 15 66,476 69,009
Designated
Funds		 15 45,000
1101352 1,017,785

Statement of Cashfl ows for the Year Ended 31s t December 202 1
2021 2020
Cash flows from operating
activities
Net income/(expenditure) for the reporting period 83,567 47,344
Adjustments
for:
Depreciation 22,679 23,687
Loss /(Profit)
on disposal
of property,		 plant and equipment
Decrease/(increase) in debtors (1,525) 13,479
Decrease/(increase) in stock 135 (1,117)
Increase/(decrease) in creditors 105,867 (94,844)
Interest paid 5,135 5,762
Interest received (589) (720)
Net cash provided
by operating
activities		 215,269 (6,409)
Cash flows frominvesting activities
Dividends,
interest,
rents		 589 720
Purchase of property, plant and equipment (10,881) (1,829)
Net cash provided
by		 (used in) investing activities (10,292) (1,109)
Cash flows from financing
activities
Repayments
ofborrowing		 (13,851) (8,318)
Interest Paid (5,135) (5,762)
Net cash provided
by		 (used in) financing activities (18,986) (14,080)
Change
in cash and cash equivalents		 in the reporting period (29,278) (15,189)
Cash and cash equivalents at the 1/1/21 270,743 292,341
Cash and cash equivalents
at 31/12/21		 456,734 270,743
Change
in cash and bank		 185,991 (21,598)

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

9.ANALYSIS OF STAFF COSTS
2021 2020
E E
Wages 8.Sa Iaries 344,624 372,764
Social Security Costs 15,784 9,676
Pension Costs 4,910 3,858
Redundancy
Payments
Staff Training Costs 4,132 1,664
369,450 387,962

2021 2020
E E
Discounts
Allowed		 7,959 4,812
Advertising 112 462
Printing,
Postage &Stationery		 1,607 1,062
Telephone
&		 Broadband 2,013 1,791
Ins urance 4,150 3,617
Finance Fees 22,371 14,739
Professional Fees 12,341 16,209
Non Reclaimed VAT/(Recovered) (230) 5,575
Depreciation 22,679 23,687
Bad Debts 548
Other Costs 3,214 3,193
76,216 75,695

Gym Office Fixtures
83		 Premises
Property Equipment Equipment Fittings Improvements Total
E E E E E
Cost or Valuation
At1 January 2021 736,350 176,356 4,225 3,422 65,242 985,595
Additions 9,743 1,138 10,881
Reclassification
Disposals
At 31December 2021 736,350 186,099 5,363 3,422 65,242 996,476
Depreciation
At 1Janua ry 2021 (83,044) (3,190) (776) (7,490) (94,500)
Charged
in Year		 (18,162) (542) (490) (3,485) (22,679)
Reclassification
Disposals
At 31December 2021		 (101,206) ~3,732) ~(1,266 ~20,975) (117,179)
NBV at 31December 2021 736,350 84,893 1,631 2,156 54,267 879,297
NBV at 31December 2020 736,350 93,312 1,035 2,646 57,752 891,095

13. INCOME
IN ADVANCE
2021 2020
f E
Brought forward 11,648 89,850
Movement
in year		 101,468 (78,202)
Carried forward 113,166 11,648

At year-end, the Charity has outstanding
c
due as follows:		 ommitments
un		 der
non-canc
2021 2020
f f
Within one year 9,891 10,989
Later than one year but within five year 11,503 21,396

2021 Unrestricted Designated Restricted 2021Total
Tangiblefixed
assets		 825,927 53,371 879,297
Debtors 7,224 7,224
Stock 5,453 5,453
Cash at bank and in hand 398,629 45,000 13,105 456,734
Current i iabiiiti es (143,655) (143,655)
Long-term
I iabi I ities		 (103,702) (103,702)
989,876 45,000 66,476 1,101,352
2020 Unrestricted Designated Restricted 2020 Total
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 Iities (37,614) (37,614)
Long-term
I iabi
I ities		 (117,727) (117,727)
948,776 69,009 1,017,785

2021
Brought Carried
2021 Forward Income Expenditure Transfer Forward
nr
i
Fn
Free Reserves 948,776 561,315 (546,338) 26,123 989,876
Designated
Funds		 45,000 45,000
Tota I Unrestri cted 948,776 561,315 (546,338) 71,123 1,034,876
Ree~ri ~e~fnds
Jack Petchey 4,257 1,500 (916) 4,841
ECGA Bursary 1,375 1,375
Lighting
Awa rd		 / Other 6,889 6,889
HMRC Furlough Monies 71,123 (71,123)
R
i
Fix		 R r
Car Park(k Equipment 56,488 (3,117) 53,371
Total Restricted 69,009 72,623 (4,033) (71,123) 66,476
Per Accounts 1,017,785 633,938 (550,371) 1,101,352
2020
Brought Carried
2020 Forward Income Expenditure Transfer Forward
Free Reserves 901,224 462,561 (551,156) 136,147 948,776
Designated
Funds
Total Unrestricted 901,224 462,561 (551,156) 136,147 948,776
Jack Petchey 3,225 1,600 (568) 4,257
ECGA Bursa ry 175 1,200 1,375
Lighting
Awa rd		 6,389 500 6,889
HMRC Furlough Monies 136,324 (136,324)
rv
Car Park Ik Equi pment 59,428 (3,117) 177 56,488
69,217 139,624 (3,685) (136,147) 69,009
Per Accounts 970,441 602,185 (554,841) 1,017,785