| Charity Information |
|
|---|---|
| Trustees' Report |
|
| Independent Examiners |
Report |
| Statement of Financial Activities | |
| Balance Sheet | |
| Statement of Cashf laws |
|
| Notes to the Accounts |
| Trustees for | the year; | the year; | Nikki Oakes, Choir (resigned 10'" May 2022, | Nikki Oakes, Choir (resigned 10'" May 2022, | Nikki Oakes, Choir (resigned 10'" May 2022, | Nikki Oakes, Choir (resigned 10'" May 2022, | Nikki Oakes, Choir (resigned 10'" May 2022, | reappointed | 10'" | May |
|---|---|---|---|---|---|---|---|---|---|---|
| 2022) | ||||||||||
| Lesley Aldons, Treasurer | (resigned | 10'" May | 2022, reappointed | 10'" | ||||||
| May 2022) | ||||||||||
| Sam Copping, Welfare Officer |
||||||||||
| Peter Moss, Committee | Member (resigned 10'" May 2022, reappointed | |||||||||
| 10'"May 2022) | ||||||||||
| Donna White, Committee | Member | |||||||||
| Shelley Chandler-Symes, | Committee | Member | ||||||||
| Lisa Piagetti, Committee | Member (appointed | 10'"May 2022) | ||||||||
| Betti Pinter, Committee | Member (appointed | 10'"May 2022) | ||||||||
| Anna liza Murphy, Committee |
Member (appointed 10'" | May 2022) | ||||||||
| Laura Long, Committee | Member(appointed | 10'"May 2022) | ||||||||
| Address: | Brinkley Grove Road | |||||||||
| Colchester | ||||||||||
| Essex, CO4 5DS | ||||||||||
| Charity registration | number. | 1154320 | ||||||||
| Bankers: | CAP Bank | |||||||||
| 25 Kings Hill Avenue |
||||||||||
| West MaI ling | ||||||||||
| Kent, ME194JQ | ||||||||||
| Solicitors: | Birkett Long of Colch ester | |||||||||
| 1Amphora Place |
||||||||||
| Colchester | ||||||||||
| Essex, CO3 3WG | ||||||||||
| Independent | Examiner: | Griffin Chapman | ||||||||
| 4 S.5The Cedars | ||||||||||
| Apex 12 | ||||||||||
| Old ipswich Road |
||||||||||
| Colchester, Essex, CO7 7QR |
| Note | 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||||
| 6 | E | E | ||||||||
| Incoming Resources |
||||||||||
| Voluntary Income |
||||||||||
| Donations, Grants, |
Gifts | 5 | 50 | 1,800 | 1,850 | 92,642 | 72,623 | 165,265 | ||
| Incoming Resources | from | |||||||||
| Charitable Activities |
5 | 704,873 | 704,873 | 445,082 | 445,082 | |||||
| Activities for Generating | Funds | |||||||||
| Fundraismg, vending, |
clothing | 6 | 42,089 | 42,089 | 22,076 | 22,076 | ||||
| Investments | 938 | 938 | 1,515 | 1,515 | ||||||
| Other Income | 135 | 135 | ||||||||
| Total Income | 748,085 | 1,800 | 749,885 | 561,315 | 72,623 | 633,938 | ||||
| Costs ofGenerating | Funds | 7 | 37,431 | 37,431 | 25,413 | 25,413 | ||||
| Charitable Activities |
Expenditure | |||||||||
| Wages and Salanes | 8, 9 | 403,049 | 403,049 | 369,450 | 369,450 | |||||
| Equipment costs |
21,222 | 486 | 21,708 | 17,417 | 916 | 18,333 | ||||
| Premises costs | 77,308 | 77,308 | 50,548 | 50,548 | ||||||
| Gymnastics costs |
30,939 | 30,939 | 8,911 | 8,911 | ||||||
| Fmance and Overhead | costs | 10 | 81,826 | 3,117 | 84,943 | 73,099 | 3,117 | 76,216 | ||
| 614,344 | 3,603 | 617,947 | 519,425 | 4,033 | 523,458 | |||||
| Governance | 11 | 1,080 | 1,080 | 1,500 | 1,500 | |||||
| Total Expenditure | 652,855 | 3,603 | 656,458 | 546,338 | 4,033 | 550,371 | ||||
| Net income / (expenditure) | 95,230 | (1,803) | 93,427 | 14,977 | 68,590 | 83,567 | ||||
| Transfers between |
funds | 71,123 | (71,123) | |||||||
| Net movement in funds |
95,230 | (1,803) | 93,427 | 86,100 | (2,533) | 83,567 | ||||
| Opening Funds |
1,034,876 | 66,476 | 1,101,352 | 948,776 | 69,009 | 1,017,785 | ||||
| Addition to Funds |
95,230 | (1,803) | 93,427 | 86,100 | (2,533) | 83,567 | ||||
| Closing Funds | 1,130,106 | 64,673 | 1,194,779 | 1,034,876 | 66,476 | 1,101,352 |
| Ba | lance She | et as at 31st D | ecember 2022 | ||||
|---|---|---|---|---|---|---|---|
| Note | 2022 | 2021 | |||||
| Fixed Assets | 12 | ||||||
| Property | 736,350 | 736,350 | |||||
| Equipment | 138,784 | 142,947 | |||||
| 875,134 | 879,297 | ||||||
| Current Assets |
|||||||
| Stock | 4,858 | 5,453 | |||||
| Trade Debtors | 3,840 | 4.028 | |||||
| Other Debtors and prepayments | 3,537 | 3,197 | |||||
| Bank Accounts | 530,417 | 456,734 | |||||
| 542,652 | 469,412 | ||||||
| Current Liabilities |
|||||||
| Trade Creditors | 1,583 | ||||||
| income in advance |
13 | 91,683 | 113,116 | ||||
| Accruais | 20,939 | 8,324 | |||||
| PATE/NIC/Pensions | 6,563 | 6,617 | |||||
| Short term loans lless than | 1yearl | 13,828 | 14,113 | ||||
| 133,013 | 143,753 | ||||||
| Current Assets less Current |
Liabilities: | 409,639 | 325,659 | ||||
| Total Assets less Current | Liabilities: | 1,284,773 | 1,204,956 | ||||
| Long Term Liabilities | |||||||
| Mortgages and long term |
loans | 89,994 | 103,605 | ||||
| 89,994 | 103,605 | ||||||
| Total Assets less Total Liabilities: | 1,194,779 | 1,101,352 | |||||
| Funds | |||||||
| Unrestncted Funds |
15 | 1,060,106 | 989,876 | ||||
| Restricted Funds |
15 | 64,673 | 66,477 | ||||
| Designated Funds |
15 | 70,000 | 45,000 | ||||
| 1,194,779 | 1,101,352 |
| Statement | of Cashf | (ow | s | f | or the Y | ear Ended 31s | t December 2022 | |
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| 6 | 6 | |||||||
| Cash flaws from operating | activities | |||||||
| Net income/(expenditure) | for the reporting | period | 93,427 | 83,567 | ||||
| Adjustments for: |
||||||||
| Depreciation | 23,927 | 22,679 | ||||||
| Loss / (Profit) on disposal of property, |
plant and equipment | |||||||
| Decrease/(increase) in |
debtors | (153) | (1,525) | |||||
| Decrease/(increase)in | stock | 595 | 135 | |||||
| Increase/(decrease)in | creditors | (10,643) | 105,867 | |||||
| Interest paid |
5,924 | 5,135 | ||||||
| Interest recewed |
(938) | (589) | ||||||
| Net cash provided by operating activities |
112,139 | 215,269 | ||||||
| Cash flaws from investing | actiwties | |||||||
| Dividends, interest, rents |
938 | 589 | ||||||
| Purchase of property, | plant and | equipment | (19,762) | (10,881) | ||||
| Net cash provided by |
(used in) investing | activities | (18,824) | (10,292) | ||||
| Cash flows from finanong | activities | |||||||
| Repayments of borrowing |
(13,708) | (13,851) | ||||||
| Interest Paid |
(5,924) | (5,135) | ||||||
| Net cash provided by (used in) financing |
activities | (19,632) | (18,986) | |||||
| Cash flows from investing | and financial | activities | (38,456) | (29,278) | ||||
| Cash and cash equivalents | at the 1/1/22 | 456,734 | 270,743 | |||||
| Cash and cash equivalents | at 31/12/22 | 530,417 | 456,734 | |||||
| Change in cash and cash equivalents |
in | the | reporting | period | 73,683 | 185,991 |
| ed 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 20 years |
| Office Equipment | 3to 10years |
| Furniture gi Fittings |
5to 10years |
| Wages &Salaries | 381,629 | 344,624 |
|---|---|---|
| social Security Costs | 13,884 | |
| Pension Costs | 4,910 | |
| StaffTrainmg Costs | 2,186 | 4,132 |
| 403,049 | 369,430 |
| 2021 | |||
|---|---|---|---|
| 6 | |||
| Discounts Allowed | 10,111 | 7,959 | |
| Advertising | 498 | 112 | |
| Printing, Postage &Stationery |
3,062 | 1,607 | |
| Telephone 8 | Broadband | 321 | 2,013 |
| Insurance | 4,965 | 4,150 | |
| Finance Fees | 19,539 | 17,236 | |
| Interest Payable | 5,924 | 5,135 | |
| Professional | Fees | 10,659 | 12,341 |
| Non Reclaimed VAT/(Recovered) | (230) | ||
| Depreciation | 23,927 | 22,679 | |
| Bad Debts | |||
| Other Costs | 5,937 | 3,214 | |
| 84,943 | 76,216 |
| Gym | Office | Fixtures & | Premises | |||
|---|---|---|---|---|---|---|
| Property | Equipment | Equipment | Fittings | Improvements | Total | |
| f | 6 | 6 | f | E | E | |
| Cost or Valuation | ||||||
| At 1January 2022 | 736,350 | 186,100 | 5,363 | 3,422 | 65,243 | 996,478 |
| Additions | 4,363 | 1,955 | 13,444 | 19,762 | ||
| Reclassification | ||||||
| Disposals | ||||||
| At 31December 2022 | 736,350 | 190,463 | 7,318 | 3,422 | 78 687 | 1016240 |
| Depreciation | ||||||
| At 1January 2022 | (1D1,206) | (3,732) | (1,266) | (10,975l | (117,179) | |
| Charged in Year |
(18,633) | (1,029) | (490) | (3,775) | (23,927) | |
| Reclassification | ||||||
| Disposals | ||||||
| At 31December 2022 | (119,839) | (4,761) | (1,756) | (14,750) | (141,106) | |
| NBV at 31December 2022 | 736,350 | 70,624 | 2,557 | 1,666 | 63,937 | 875,134 |
| NBV at31December 2021 | 736,350 | 84,893 | 1,631 | 2,156 | 54,267 | 879,297 |
| as foll | ows: | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| f | E | ||||
| Within | one | year | 6,967 | 9,891 | |
| Later | than | one year but within | five year | 4,536 | 11,503 |
| 2022 | Unrestricted | Designated | Restricted | 2022 Total | |||
|---|---|---|---|---|---|---|---|
| E | E | E | |||||
| Tangible | fixed assets | 824,880 | 50,254 | 875,134 | |||
| Debtors | 7,377 | 7,377 | |||||
| Stock | 4,858 | 4,858 | |||||
| Cash at | bank and | in hand | 445,998 | 70,000 | 14,419 | 530,417 | |
| Current | liabilities | (133,013) | (133,013) | ||||
| Long-term | liabilities | (89,994) | (89,994) | ||||
| 1,060,106 | 70,000 | 64,673 | 1,194,779 | ||||
| 2021 | Unrestricted | Designated | Restricted | 2021 Total | |||
| E | f | f | E | ||||
| Tangible | fixed 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 | liabilities | (143,753) | (143,753) | ||||
| Long-term | liabilities | (103,605) | (103,605) | ||||
| 989,876 | 45,000 | 66,476 | 1,101,352 |
| 2022 | ||||||
|---|---|---|---|---|---|---|
| Brought | Carried | |||||
| 2022 | Forward | Income | Expenditure | Transfer | Forward | |
| E | E | E | ||||
| Unrestricted Funds |
||||||
| General Reserves |
989,876 | 748,085 | (652,855) | (25,000) | 1,060,106 | |
| Designated Funds |
45,000 | 25,000 | 70,000 | |||
| Tota I Unrestricted | 1,034,876 | 748,085 | (652,855) | 1,130,106 | ||
| Restricted Funds |
||||||
| Jack Petchey | 4,841 | 1,800 | (486) | 6,155 | ||
| ECGA Bursary | 1,375 | 1,375 | ||||
| Lighting Award |
/ Other | 6,889 | 6,889 | |||
| Restricted Fixed |
Asset Reserve | |||||
| Car Park 8 Equipment | 53,371 | (3,117) | 50,254 | |||
| Total Restncted | 66,476 | 1,800 | (3,603) | 64,673 | ||
| Per Accounts | 1,101,352 | 749,885 | (656,458) | 1,194,779 | ||
| 2021 | ||||||
| Brought | Carried | |||||
| 2021 | Forward | Income | Expenditure | Transfer | Forward | |
| 6 | 6 | E | ||||
| Unrestricted Funds |
||||||
| General Reserves |
948,776 | 561,315 | (546,338l | 26,123 | 989,876 | |
| Designated Funds |
45,000 | 45,000 | ||||
| Total Unrestncted | 948,776 | 561,315 | (546,338) | 71,123 | 1,034,876 | |
| Restricted Funds |
||||||
| Jack Petchey | 4,257 | 1,500 | (916) | 4,841 | ||
| ECGA Bursary | 1,375 | 1,375 | ||||
| Lighting Award |
6,889 | 6,889 | ||||
| HMRC Furlough | Monies | 71,123 | (71,123) | |||
| Restricted Fixed |
Asset Reserve | |||||
| Car Park gr Equipment |
56,488 | (3,117) | 53,371 | |||
| 69,009 | 72,623 | (4,033) | (71,123) | 66,476 | ||
| Per Accounts | 1,017,785 | 633,938 | (550,371) | 1,101,352 |