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