2023-12-31-accounts

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

Cha rity	Information	Information
Trustees for	the year:		Nik ki Qakes, Chair
			Lesicy Aldons, Treasurer
			Sam Copping, Welfare Officer (resigned 23"May				2023, reappointed
			23'd May 2023)
			Peter Moss, Committee		Member (resigned 23"May 2023)
			Donna White, Committee		Member (resigned ll""		March 2023)
			Shelley Chandler-Symes,		Committee Member {resigned 23" May			2023,
			reappointed 23"May 2023)
			Lisa Piagetti, Committee		Member
			Annaliza Murphy, Committee			Member
			Laura Long, Committee	Member (resigned 28"December 2023)
			Nichola Horsley, Committee			Member {appointed	23"May 2023)
			Nicholas Musset, Committee			Member (appointed	23'" May 2023)
			Betti Pinter, Committee		Member (resigned 9'" January 2024)
			Adam Harrington, Committee			Member (appointed	29" February	2024)
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 of Colchester
			1Amphora Place
			Colchester
			Essex, CO3 3WG
Independent	Examiner:		Griffin Chapman
			4 R 5The Cedars
			Apex 12
			Qld lpswich Road
			Colchester, Essex, C07 7QR

	S	tate	ment o	f Finan	cial Activitie	s for the Y	ear Ended 3	1st December	2023
				Note		2023
					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
							E		F.
Incoming Resources
Voluntary Income
Donations, Grants,	Gifts					1,800	1,800	50	1,800	1,850
Incoming Resources		from
Charitable Activities				5	752,407		752,407	704,873		704,873
Activities for Generating			Funds
Fundraising, vending,		clothing		6	56,097		56,097	42,089		42,089
Investments					1,092		1,092	938		938
Other Income					755		755	135		135
Totallncome					810,351	1,800	812,151	748,085	1,800	749,885
Costs ofGenerating		Funds		7	36,055		36,055	37,431		37,431
Charitable Activities		Expenditure
Wages and Salaries					485,513		485,513	403,049		403,049
Equipment costs					23,621		23,890	21,222	486	21,708
Premises costs					91,390		91,390	77,308		77,308
Gymnastics costs					36,091		36,091	30,939		30,939
Finance and Overhead		costs		10	82,488	3,354	85,842	81,826	3,117	84,943
					719,103	3,623	722,726	614,344	3,603	617,947
Governance				11	1,500		1,500	1,080		1,080
Total Expenditure					756,658	3,623	760,281	652,855	3,603	656,458
Net income / (expenditure)					53,693	(1,823)	51,870	95,230	(1,803)	93,427
Transfers between	funds				8,105	(8,105)
Net movement in	funds				61,798	{9,928)	51,870	95,230	(1,803)	93,427
Opening Funds					1,130,106	64,673	1,194,779	1,034,876	66,4?6	1,101,352
Addition to Funds					61,798	{9,928)	51,870	95,230	(1,803)	93,427
Closing Funds					1,191,903	54,746	1,246,649	1,130,106	64,673	1,194,779

		Ba	lance She	et as at 31st De	cember 2023
			Note	2023		2022
Fixed Assets			12
Property				736,350		736,350
Equipment				169,338		138,784
					905,688		875,134
Current Assets
Stock				4,472		4,858
Trade Debtors						3,840
Other Debtors and prepayments				4,308		3,537
Bank Accounts				540,542		530,417
					550,810		542,652
Current Liabilities
Trade Creditors				(263l
Income in advance				94,031		91,683
Accruals				16,095		20,939
PAYE/NIC/Pensions				9,520		6,563
Short term loans (less than		1 year)		14,317		13,828
					133,700		133,013
Current Assets fess Current		Liabilities:			417,110		409,639
Total Assets less Current	Liabilities:				1,322,798		1,284,773
Long Term Liabilities
Mortgages and long term	loans			76,149		89,994
					76,149		89,994
Total Assets less Total Liabilities:					1,246,649		1,194,779
Funds
Unrestricted Funds				1,131,903		1,060,106
Restricted Funds				54,746		64,673
Designated Funds				60,000		70,000
					1,246,649		1,194,779

	Colchester School of Gymnastics	Colchester School of Gymnastics	Colchester School of Gymnastics	Colchester School of Gymnastics	Colchester School of Gymnastics	CIO
Statement	ofCashflows		for the Year Ended 31st			December 2023
Cash flows from operating	activities
Net income/(expenditure}	for the reporting			period		51,870	93,427
Adjustments for:
Depreciation						23,333	23,927
Loss / (Profit) on disposal of property,			plant and equipment			(102)
Decrease/(increase) in	debtors					1,581	(153)
Decrease/(increase) in	stock					386	595
Increase/{decrease) in	creditors					198	(10,643)
Interest paid						8,409	5,924
Interest received						{1,762)	(938)
Net cash provided by operating activities						83,913	112,139
Cash flows from investing	activities
Dividends, interest, rents						1,762	938
Proceeds from the sale ofassets						1,132
Purchase of property,	plant and equipment					(54,917}	(19,762)
Net cash provided by	(used in) investing			activities		(52,023)	(18,824)
Cash flows from financing	activities
Repayments of borrowing						(13,356)	{13,708)
Interest Paid						(8,409)	(5,924)
Net cash provided by	{used in) financing			activities		{21,765)	(19,632)
Cash flows from investing	and financial	activities				{73,788)	(38,456)
Cash and cash equivalents	at the 1/1/23					530,417	456,734
Cash and cash equivalents	at 31/12/23					540,542	530,417
Change in cash and cash equivalents in		the		reporting	period	10,125	73,683

d assets costing E500 or more are capit mated 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 5 Fittings	5to 10years

Wages &Salaries		381,629
Social Security Costs	18,765	13,884
Pension Costs	7,116	5,350
Staff Training Costs	2.278	2,186
	485,514	403,049

		2023	2022
		f	f
Discounts Allowed		12,409	10,111
Advertising			498
Printing, Postage S.Stationery		2,598	3,062
Telephone R	Broadband	1,239	321
Insurance		5,691	4,965
Finance Fees		22,096	19,539
Interest Payable		8,409	5,924
Professional	Fees	3,992	10,659
Depreciation		23,333	23,927
Other Costs		6,074	5,937
		85,841	84,943

12.FIXED ASSETS
		Gym	Office	Fixtures 5	Premises
	Property	Equipment	Equipment	Fittings	Improvements	Total
		f		f	E	f
Cost or Valuation
At 1January 2023	736,350	190,463	7,318	3,422	78,687	1,016,240
Additions		49,494	5,423			54,917
Reclassification
Disposals		(1,132)				(1,132)
At 31December 2023	736,350	238,825	12,741	3,422	78,687	1,070,025
Depreciation
At 1January 2023		(119,839)	(4,761)	(1,756)	(14,750)	(141,106)
Charged in Year		(16,692)	(2,158)	(490)	(3,993)	(23,333)
Reclassification
Disposals		102				102
At 31December 2023		(136,429)	(6,919)	(2,246)	(18,743)	(164,337)
NBV at 31December 2023	736,350	102,396	5,822	1,176	59,944	905,688
NBV at31December 2022	736,350	70,624	2,557	1,666	63,937	875,134

		2023	2022
		E	f
Within one year		6,326	6,967
Later than one year but within	five years	12,261	4,536

2023				Unrestricted	Designated	Restricted	2023 Total
					f		E
Tangible	fixed assets			855,630		50,058	905,688
Debtors				5,796			5,796
Stock				4,472			4,472
Cash at	bank and		in hand	475,854	60,000	4,688	540,542
Current	liabilities			(133,700)			(133,700)
Long-term		liabilities		(76,149)			(76,149)
				1,131,903	60,000	54,746	1,246,649
2022				Unrestricted	Designated	Restricted	2022 Total
					f		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

Statement of Funds
					2023
	Brought				Carried
2023	Forward	Income	Expenditure	Transfer	Forward
	f		E		E
Unrestricted Funds
General Reserves	1,060,106	810,351	(756,658)	18,105	1,131,903
Designated Funds	70,000			(10,000)	60,000
Total Unrestricted	1,130,106	810,351	(756,658)	8,105	1,191,903
Restricted Funds
Jack Petchey	6,155	1,800	(269)	(2,999)	4,688
ECGA Bursary	1,375			(1,375)
Lighting Award / Other	6,889			(6,889)
Restricted Fixed Asset Reserve
Car Park S.Equipment	50,254		(3,354)	3,158	50,058
Total Restricted	64,673	1,800	(3,623)	(8,105)	54,746
Per Accounts	1,194,779	812,151	(760,281)		1,246,649

					2022
	Brought				Carried
2022	Forward	Income	Expenditure	Transfer	Forward
			E
Unrestricted Funds
General Reserves	989,876	748,085	(652,855)	(25,000)	1,060,106
Designated Funds	45,000			25,000	70,000
Total 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	6,889				6,889
Restricted Fixed Asset Reserve
Car Park Ik Equipment	53,371		(3,117)		50,254
	66,476	1,800	(3,603)		64,673
Per Accounts	1,101,352	749,885	(656,458)		1,194,779
					23