**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
Registered charity name: Easton Gymnastics Club Registered charity number: 1161894 Principal & registered address: Deer Park House, Bawburgh Road, Easton, Norwich, NR9 5EA
## **CURRENT TRUSTEES**
## **DATE OF APPOINTMENT**
Josephine Tubby 29 May 2015 Maxine Blaxall 29 May 2015 Terence Peasey 29 September 2021 Nicky Burgis 29 September 2021
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity is controlled by its governing document, the Club Constitution, and constitutes a Charitable Incorporated Organisation formed on 29 May 2015.
Trustees are appointed by way of acceptance of nomination at the Annual General Meeting or coopted during the year as provided for in the Constitution. New trustees are provided with both Charity Commission and club-specific documentation and training to enable them to fulfil their obligations and to contribute to the running of the Club.
The day to day running of the club is delegated to the Club Centre Manager, who directly manages the administrative functions and Coaching staff who are all Employees of the Club. The Club Manager is supported by the Trustees and regular meetings are held between both parties to ensure the objectives of the club are achieved and all legal requirements are being met.
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
As trustees we have considered the major business and operational risks faced by the charity and have established systems to ensure that the necessary steps are taken to mitigate these risks.
## **OBJECTIVE AND ACTIVITIES**
The objective of the charity, as laid down in its Constitution, is the promotion of community participation in healthy & enjoyable recreation by the provision of facilities for gymnastics.
The significant activities of the Club are:
- provision of classes and training sessions for members to undertake gymnastics activities.
- coaching and training of gymnasts; participation in competitions and events.
- promotion of well-being through gymnastics in the wider community.
## **Public Benefit Reporting**
The trustees have due regard to the guidance relating to public benefit published by the Charity Commission.
Our Club is open to all, regardless of age, abilities, race, gender, or sexual orientation.
## **FUNDING**
Gymnastics requires specialist facilities, equipment and a high ratio of qualified coaches to gymnasts to enable it to take place safely and this means that it will always be necessary to charge for the use of the facilities and for coaching received. Fees are kept as low as possible to enable membership to be open to as many as possible.
During 2021-22 the club’s programme of fundraising was at a high level in order to recoup some of the losses incurred during Covid. We found innovative ways of raising funds which involved members and were enjoyable events. We have improved and restructured our facility to allow us to provide the opportunity to allow outside organisations to hire the hall.
We feel the good reputation of the club has been enhanced by the above activities.
We have also improved the staff area of the facility in order to provide a better environment to ensure we look after the welfare of the staff.
In addition, we have applied for and successfully received grants which aided the all-round improvements of the club.
## **FINANCIAL REVIEW**
The Club has net assets of £687k for the year ended 30 September 2022 (2021: £655k) after recording a net surplus of £32k (2021: £3k surplus). A provision of £29k for depreciation of equipment was made in 2022 (2021: £28k).
Revenue for the Club the year was £302k (2021: £227k).
Resources expended on the provision of gymnastic services were £270k (2021: £224k).
## **OUTLOOK AND FUTURE PLANS**
The Club is always looking into ways to improve how it serves its members and to meet increasing demand. The Club is planning to expand its day-time activities to reach and serve as many members of the community as possible whilst increasing evening classes to reduce its waiting list.
The Club encourages all staff members to attend courses to improve their coaching and to achieve higher level of coaching if they so wish.
The Club will continue to keep fees affordable to as many as possible and to look into ways of supporting those suffering financial hardship.
The Club has worked extremely hard especially during these challenging times to ensure the standard, safety and the quality of the Club continues at its high level.
## **STATEMENT OF TRUSTEES RESPONSIBILITIES**
As trustees, we are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of our Constitution require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period.
In preparing these financial statements, we are required to:
- select suitable accounting policies and then apply them consistently
- observe the methods and principles in the Charity SORP
- make judgements and estimates that are reasonable and prudent
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
As trustees we have been responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable us to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Constitution.
We are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the Board of Trustees on 10[th] March 2023 and signed on its behalf by:
JOSEPHINE TUBBY (Mar 10, 2023 16:07 GMT)
Jo Tubby
EGC Trustee
Reserves Policy: 007 Date: 26/01/2023 Up for Review: 26/01/2024 Approved By: Olivia Saunders CM
## **Reserves Policy:**
The Trustees of Easton Gymnastics Club focus on ensuring that the charity has sufficient funds available for the continued operation of the Club, for necessary refurbishment of facilities and equipment, and as contingency for unseen events or risks.
The Club has developed a forward plan of significant replacement and renewal expenditure and aims on an annual basis to maintain a level of reserves to fulfil this plan.
The aim of the club is to always hold £30,000 in reserves to ensure the club can continue to run with loss of income due to unforeseen circumstances.
Bank Details: Bank: CAF Bank
Account Name: Easton Gymnastics Club Sort Code: 40-52-40 Account Number: 00098474
This policy is reviewed annually and was last updated on 26[th] January 2023.
Signature 1 Signature 2 Agreed by: Olivia Saunders Agreed by: Jo Tubby Position: Centre Manager Position: Trustee Date: 10/01/2023 Date: 10/01/2023
Tel: 01603 960511
Email: enquiries@eastongymnasticsclub.com
www.eastongymnasticsclub.com
Registered charity number: 1161894
## Trustees Report 2022 final
Final Audit Report
2023-03-10
Created: 2023-03-10 By: Pauline Street (pauline@adpaccounting.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAFbA37SjVWXgKcCFs6_pou49Ix9R954Yv
## "Trustees Report 2022 final" History
Document created by Pauline Street (pauline@adpaccounting.co.uk) 2023-03-10 - 2:33:00 PM GMT
Document emailed to jo.tubby@yahoo.co.uk for signature
2023-03-10 - 2:33:19 PM GMT
Email viewed by jo.tubby@yahoo.co.uk
2023-03-10 - 4:06:34 PM GMT
Signer jo.tubby@yahoo.co.uk entered name at signing as JOSEPHINE TUBBY 2023-03-10 - 4:07:01 PM GMT
Document e-signed by JOSEPHINE TUBBY (jo.tubby@yahoo.co.uk) Signature Date: 2023-03-10 - 4:07:03 PM GMT - Time Source: server
## Agreement completed.
2023-03-10 - 4:07:03 PM GMT
**Charity registration number: 1161894**
## **Easton Gymnastics Club**
**Annual Report and Financial Statements for the Year Ended 30 September 2022**
ADP Accounting Limited Association of Chartered Certified Accountants 19 Farrow Close Mattishall Dereham Norfolk NR20 3SZ
## **Easton Gymnastics Club Contents**
|Reference and Administrative Details|1|
|---|---|
|Independent examiner's report|2|
|Statement of financial activities|3|
|Balance Sheet|4|
|Notes to the financial statements|5 to 8|
## **Easton Gymnastics Club**
## **Reference and Administrative Details**
Charity name Easton Gymnastics Club Charity registration number 1161894 Principal office Deer Park House Bawburgh Road Easton Norfolk NR9 5EA Registered office Deer Park House Bawburgh Road Easton Norfolk NR9 5EA Trustees Mrs N Burgis Mrs J Tubby Mrs M B Blaxall Mr T Peasey Accountant ADP Accounting Limited 19 Farrow Close Mattishall Dereham Norfolk NR20 3SZ
**Page 1**
## **Independent Examiner's Report to the Trustees of Easton Gymnastics Club**
I report on the accounts of the Trust for the year ended 30 September 2022 which are set out on pages 3 to 9.
## **Respective responsibilities of trustees and examiner:-**
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- 1) examine the accounts under section 145 of the 2011 Act;
2) follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- 3) state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- 1) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
ADP Accounting Limited Association of Chartered Certified Accountants 19 Farrow Close Mattishall Norfolk NR20 3SZ
10th March 2023
**Page 2**
## **Easton Gymnastics Club**
## **Statement of Financial Activities for the Year Ended 30 September 2022**
|**Note**
**Incoming resources**
Grants Receivable
**2 & 3**
Activities for generating funds
**4**
Investment income
**5**
**Total incoming resources**
**Resources expended**
Costs of generating funds
**6**
**Total resources expended**
**Net movements in funds**
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**Restricted**
**Total Funds**
**Total Funds**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
2,240
0
2,240
59,856
299,648
0
299,648
167,567
24
0
24
0|
|---|---|
||**301,912**
**0**
**301,912**
**227,423**|
||270,287
270,287
224,233|
||**270,287**
**0**
**270,287**
**224,233**|
||31,625
0
31,625
3,190
440,362
214,924
655,286
652,096|
||**471,987**
**214,924**
**686,911**
**655,286**|
**The notes on pages 5 to 8 form an integral part of these financial statements.**
**Page 3**
## **Easton Gymnastics Club**
## **Balance Sheet as at 30 September 2022**
|**Note**
**Fixed assets**
Tangible assets
**9**
**Current assets**
Stocks and work in progress
Trade Debtors
Cash at bank and in hand
Creditors: Amounts falling
due within one year
**10**
**Net current assets**
Total assets less current
liabilities
Creditors: Amounts falling
due after more than one year
**11**
**Net assets**
**The funds of the charity:**
Restricted funds
Unrestricted funds
**Total charity funds**|**£**
**£**
**£**
**£**
646,596
621,638
5,000
0
0
998
72,356
77,510
77,356
78,508
-4,374
-4,860
72,982
73,648
719,578
695,286
-32,667
-40,000
**686,911**
**655,286**
214,924
214,924
471,987
440,362
**686,911**
**655,286**
**2022**
**2021**|**£**
**£**
**£**
**£**
646,596
621,638
5,000
0
0
998
72,356
77,510
77,356
78,508
-4,374
-4,860
72,982
73,648
719,578
695,286
-32,667
-40,000
**686,911**
**655,286**
214,924
214,924
471,987
440,362
**686,911**
**655,286**
**2022**
**2021**|
|---|---|---|
||||
|||695,286
-40,000|
|||**655,286**|
|||214,924
440,362|
|||**655,286**|
The financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
> Approved by the Board on …………………...and signed on its behalf by: Mar 10, 2023
JOSEPHINE TUBBY (Mar 10, 2023 16:06 GMT)
J Tubby Trustee
**The notes on pages 5 to 8 form an integral part of these financial statements.**
**Page 4**
## **Easton Gymnastics Club**
## **Notes to the Financial Statements for the Year Ended 30 September 2022**
## **1) Accounting policies**
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005)', issued in March 2005, the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Charities Act 2011.
## **Fund accounting policy**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Further details of each fund are disclosed in note 12.
## **Incoming resources**
Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Deferred income represents amounts received for future periods and is released to incoming resources in the period to which it relates. Such income is only deferred when:
- The donor specifies that the donation must only be used in future accounting periods; or
- The donor has imposed conditions which must be met before the charity has unconditional entitlement.
Shop income is recognised as earned (that is, as the related goods or services are provided).
Investment income is recognised on a receivable basis.
## **Resources expended**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Costs of generating funds are the costs of trading for fundraising purposes.
## **Fixed assets**
Individual fixed assets costing £100 or more are initially recorded at cost.
## **Depreciation**
Depreciation has been charged on assets per the charities policies.
**Page 5**
## **Easton Gymnastics Club**
## **Notes to the Financial Statements for the Year Ended 30 September 2022**
## _continued_
## **Stock**
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Items donated for resale or distribution are not included in the financial statements until they are sold or distributed.
## **Operating leases**
Rentals payable under operating leases are charged in the statement of financial activities on a straight line basis over the lease term.
## **2) Voluntary income**
|**2) Voluntary income**||
|---|---|
|**Donations and legacies**
Display Takings and Fundraising
**3) Grants receivable**
Grants and Burseries
Coronavirus grants
**4) Activities for generating funds**
Subscriptions
Sales of purchased goods
Fees and competitions
Equipment sale/hire and parties
Tuck Shop
Other|**Unrestricted**
**Restricted**
**Total Funds**
**Total Funds**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
740
0
740
332|
||**Unrestricted**
**Restricted**
**Total Funds**
**Total Funds**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
1,500
0
1,500
28,357
0
0
0
31,167|
||1,500
0
1,500
59,524|
||**Unrestricted**
**Restricted**
**Total Funds**
**Total Funds**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
247,342
0
247,342
151,683
14,158
0
14,158
5,548
8,552
0
8,552
2,475
12,055
0
12,055
2,461
4,154
4,154
0
13,387
0
13,387
5,400|
||299,648
0
299,648
167,567|
**Page 6**
## **Easton Gymnastics Club**
## **Notes to the Financial Statements for the Year Ended 30 September 2022**
continued
## **5) Investment income**
|**5) Investment income**|||
|---|---|---|
|Interest on cash deposits
**6) Total resources expended**
Cost of goods sold (as adjusted for stock)
Tuck shop purchases
Other direct costs
Competition costs
Establishment costs
Repairs and maintenance
Salaries and Pensions
Other Employment costs
Administration expenses
Printing, stationery and computer expenses
Subscriptions
Legal and professional costs
Bank charges
Interest payable
Depreciation|**Unrestricted**
**Restricted**
**Total Funds**
**Total Funds**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
24
0
24
0||
|||**2022**
**2021**
**Total**
**Total**
**£**
**£**
12,988
7,129
2,931
0
1,706
0
4,652
991
16,740
12,046
4,470
11,133
175,344
153,537
5,398
1,400
1,860
1,020
2,281
3,120
2,760
501
121
362
9,266
4,319
841
0
28,929
28,675
270,287
224,233|
## **7) Trustees' remuneration and expenses**
There were no trustees that received any remuneration during the year.
## **8) Employees' remuneration**
The aggregate payroll costs of these persons were as follows:
|Wages and salaries|**2022**
**2021**
**£**
**£**
175,344
153,537|
|---|---|
No employee received emoluments of more than £60,000 during the year (2021 - No. 0).
**Page 7**
## **Easton Gymnastics Club**
## **Notes to the Financial Statements for the Year Ended 30 September 2022**
continued
## **9) Tangible fixed assets**
|**Cost**
As at 1 October 2021
Additions
As at 30 September 2022
**Depreciation**
As at 1 October 2021
Additions
As at 30 September 2022
**Net book value**
As at 30 September 2022
As at 30 September 2021
**10) Creditors: Amounts falling due within one year**
PAYE payable
Accruals and deferred income
**11) Creditors: Amounts falling due after one year**
Bank Loan|**Fixtures,**
**Land and**
**fittings and**
**buildings**
**equipment**
**Total**
**£**
**£**
**£**
552,132
114,287
666,419
0
53,886
53,886|
|---|---|
||552,132
168,173
720,305|
||8,764
36,017
44,781
8,764
20,164
28,928|
||17,528
56,181
73,709|
||534,604
111,992
646,596|
||552,132
78,270
630,402|
||**2022**
**2021**
**£**
**£**
2,901
1,875
1,473
2,985
4,374
4,860
**2022**
**2021**
**£**
**£**
32,667
40,000|
## **12) Related parties**
Controlling entity
The charity is controlled by the trustees.
**Page 8**
## **Easton Gymnastics Club**
## **Notes to the Financial Statements for the Year Ended 30 September 2022**
## continued
## **13) Analysis of funds**
|**13) Analysis of funds**||
|---|---|
|**General Funds**
Unrestricted income fund
**Restricted Funds**
Restricted income fund|**At 1**
**At 30**
**October**
**Incoming**
**Resources**
**September**
**2021**
**resources**
**expended**
**2022**
**£**
**£**
**£**
**£**
440,362
301,912
-270,287
471,987
214,924
0
0
214,924|
||655,286
301,912
-270,287
686,911|
## **14) Operating lease commitments**
At 30 September 2022 the company had commitments to make future minimum lease payments under noncancellable operating leases as follows:
|**Amounts payable Land and Buildings**
Within 1 Year
Between 1 and 5 years
Over 5 years|**2022**
**2021**
**£**
**£**
4,208
4,208
16,832
16,832
75,744
79,952|
|---|---|
||96,784
78,750|
## 2022 accounts
Final Audit Report
2023-03-10
Created: 2023-03-10 By: Pauline Street (pauline@adpaccounting.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAwJcOa5N4KztW_yoW8PsJ0SEAgc8Ng4vA
## "2022 accounts" History
Document created by Pauline Street (pauline@adpaccounting.co.uk)
2023-03-10 - 2:31:53 PM GMT
Document emailed to jo.tubby@yahoo.co.uk for signature
2023-03-10 - 2:32:29 PM GMT
Email viewed by jo.tubby@yahoo.co.uk
2023-03-10 - 4:04:41 PM GMT
Signer jo.tubby@yahoo.co.uk entered name at signing as JOSEPHINE TUBBY 2023-03-10 - 4:06:17 PM GMT
Document e-signed by JOSEPHINE TUBBY (jo.tubby@yahoo.co.uk) Signature Date: 2023-03-10 - 4:06:19 PM GMT - Time Source: server
## Agreement completed.
2023-03-10 - 4:06:19 PM GMT
**Charity registration number: 1161894**
## **Easton Gymnastics Club**
**Annual Report and Financial Statements for the Year Ended 30 September 2022**
ADP Accounting Limited Association of Chartered Certified Accountants 19 Farrow Close Mattishall Dereham Norfolk NR20 3SZ
## **Easton Gymnastics Club Contents**
|Reference and Administrative Details|1|
|---|---|
|Independent examiner's report|2|
|Statement of financial activities|3|
|Balance Sheet|4|
|Notes to the financial statements|5 to 8|
## **Easton Gymnastics Club**
## **Reference and Administrative Details**
Charity name Easton Gymnastics Club Charity registration number 1161894 Principal office Deer Park House Bawburgh Road Easton Norfolk NR9 5EA Registered office Deer Park House Bawburgh Road Easton Norfolk NR9 5EA Trustees Mrs N Burgis Mrs J Tubby Mrs M B Blaxall Mr T Peasey Accountant ADP Accounting Limited 19 Farrow Close Mattishall Dereham Norfolk NR20 3SZ
**Page 1**
## **Independent Examiner's Report to the Trustees of Easton Gymnastics Club**
I report on the accounts of the Trust for the year ended 30 September 2022 which are set out on pages 3 to 9.
## **Respective responsibilities of trustees and examiner:-**
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- 1) examine the accounts under section 145 of the 2011 Act;
2) follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- 3) state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- 1) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
ADP Accounting Limited Association of Chartered Certified Accountants 19 Farrow Close Mattishall Norfolk NR20 3SZ
10th March 2023
**Page 2**
## **Easton Gymnastics Club**
## **Statement of Financial Activities for the Year Ended 30 September 2022**
|**Note**
**Incoming resources**
Grants Receivable
**2 & 3**
Activities for generating funds
**4**
Investment income
**5**
**Total incoming resources**
**Resources expended**
Costs of generating funds
**6**
**Total resources expended**
**Net movements in funds**
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**Restricted**
**Total Funds**
**Total Funds**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
2,240
0
2,240
59,856
299,648
0
299,648
167,567
24
0
24
0|
|---|---|
||**301,912**
**0**
**301,912**
**227,423**|
||270,287
270,287
224,233|
||**270,287**
**0**
**270,287**
**224,233**|
||31,625
0
31,625
3,190
440,362
214,924
655,286
652,096|
||**471,987**
**214,924**
**686,911**
**655,286**|
**The notes on pages 5 to 8 form an integral part of these financial statements.**
**Page 3**
## **Easton Gymnastics Club**
## **Balance Sheet as at 30 September 2022**
|**Note**
**Fixed assets**
Tangible assets
**9**
**Current assets**
Stocks and work in progress
Trade Debtors
Cash at bank and in hand
Creditors: Amounts falling
due within one year
**10**
**Net current assets**
Total assets less current
liabilities
Creditors: Amounts falling
due after more than one year
**11**
**Net assets**
**The funds of the charity:**
Restricted funds
Unrestricted funds
**Total charity funds**|**£**
**£**
**£**
**£**
646,596
621,638
5,000
0
0
998
72,356
77,510
77,356
78,508
-4,374
-4,860
72,982
73,648
719,578
695,286
-32,667
-40,000
**686,911**
**655,286**
214,924
214,924
471,987
440,362
**686,911**
**655,286**
**2022**
**2021**|**£**
**£**
**£**
**£**
646,596
621,638
5,000
0
0
998
72,356
77,510
77,356
78,508
-4,374
-4,860
72,982
73,648
719,578
695,286
-32,667
-40,000
**686,911**
**655,286**
214,924
214,924
471,987
440,362
**686,911**
**655,286**
**2022**
**2021**|
|---|---|---|
||||
|||695,286
-40,000|
|||**655,286**|
|||214,924
440,362|
|||**655,286**|
The financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
> Approved by the Board on …………………...and signed on its behalf by: Mar 10, 2023
JOSEPHINE TUBBY (Mar 10, 2023 16:06 GMT)
J Tubby Trustee
**The notes on pages 5 to 8 form an integral part of these financial statements.**
**Page 4**
## **Easton Gymnastics Club**
## **Notes to the Financial Statements for the Year Ended 30 September 2022**
## **1) Accounting policies**
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005)', issued in March 2005, the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Charities Act 2011.
## **Fund accounting policy**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Further details of each fund are disclosed in note 12.
## **Incoming resources**
Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Deferred income represents amounts received for future periods and is released to incoming resources in the period to which it relates. Such income is only deferred when:
- The donor specifies that the donation must only be used in future accounting periods; or
- The donor has imposed conditions which must be met before the charity has unconditional entitlement.
Shop income is recognised as earned (that is, as the related goods or services are provided).
Investment income is recognised on a receivable basis.
## **Resources expended**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Costs of generating funds are the costs of trading for fundraising purposes.
## **Fixed assets**
Individual fixed assets costing £100 or more are initially recorded at cost.
## **Depreciation**
Depreciation has been charged on assets per the charities policies.
**Page 5**
## **Easton Gymnastics Club**
## **Notes to the Financial Statements for the Year Ended 30 September 2022**
## _continued_
## **Stock**
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Items donated for resale or distribution are not included in the financial statements until they are sold or distributed.
## **Operating leases**
Rentals payable under operating leases are charged in the statement of financial activities on a straight line basis over the lease term.
## **2) Voluntary income**
|**2) Voluntary income**||
|---|---|
|**Donations and legacies**
Display Takings and Fundraising
**3) Grants receivable**
Grants and Burseries
Coronavirus grants
**4) Activities for generating funds**
Subscriptions
Sales of purchased goods
Fees and competitions
Equipment sale/hire and parties
Tuck Shop
Other|**Unrestricted**
**Restricted**
**Total Funds**
**Total Funds**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
740
0
740
332|
||**Unrestricted**
**Restricted**
**Total Funds**
**Total Funds**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
1,500
0
1,500
28,357
0
0
0
31,167|
||1,500
0
1,500
59,524|
||**Unrestricted**
**Restricted**
**Total Funds**
**Total Funds**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
247,342
0
247,342
151,683
14,158
0
14,158
5,548
8,552
0
8,552
2,475
12,055
0
12,055
2,461
4,154
4,154
0
13,387
0
13,387
5,400|
||299,648
0
299,648
167,567|
**Page 6**
## **Easton Gymnastics Club**
## **Notes to the Financial Statements for the Year Ended 30 September 2022**
continued
## **5) Investment income**
|**5) Investment income**|||
|---|---|---|
|Interest on cash deposits
**6) Total resources expended**
Cost of goods sold (as adjusted for stock)
Tuck shop purchases
Other direct costs
Competition costs
Establishment costs
Repairs and maintenance
Salaries and Pensions
Other Employment costs
Administration expenses
Printing, stationery and computer expenses
Subscriptions
Legal and professional costs
Bank charges
Interest payable
Depreciation|**Unrestricted**
**Restricted**
**Total Funds**
**Total Funds**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
**£**
**£**
24
0
24
0||
|||**2022**
**2021**
**Total**
**Total**
**£**
**£**
12,988
7,129
2,931
0
1,706
0
4,652
991
16,740
12,046
4,470
11,133
175,344
153,537
5,398
1,400
1,860
1,020
2,281
3,120
2,760
501
121
362
9,266
4,319
841
0
28,929
28,675
270,287
224,233|
## **7) Trustees' remuneration and expenses**
There were no trustees that received any remuneration during the year.
## **8) Employees' remuneration**
The aggregate payroll costs of these persons were as follows:
|Wages and salaries|**2022**
**2021**
**£**
**£**
175,344
153,537|
|---|---|
No employee received emoluments of more than £60,000 during the year (2021 - No. 0).
**Page 7**
## **Easton Gymnastics Club**
## **Notes to the Financial Statements for the Year Ended 30 September 2022**
continued
## **9) Tangible fixed assets**
|**Cost**
As at 1 October 2021
Additions
As at 30 September 2022
**Depreciation**
As at 1 October 2021
Additions
As at 30 September 2022
**Net book value**
As at 30 September 2022
As at 30 September 2021
**10) Creditors: Amounts falling due within one year**
PAYE payable
Accruals and deferred income
**11) Creditors: Amounts falling due after one year**
Bank Loan|**Fixtures,**
**Land and**
**fittings and**
**buildings**
**equipment**
**Total**
**£**
**£**
**£**
552,132
114,287
666,419
0
53,886
53,886|
|---|---|
||552,132
168,173
720,305|
||8,764
36,017
44,781
8,764
20,164
28,928|
||17,528
56,181
73,709|
||534,604
111,992
646,596|
||552,132
78,270
630,402|
||**2022**
**2021**
**£**
**£**
2,901
1,875
1,473
2,985
4,374
4,860
**2022**
**2021**
**£**
**£**
32,667
40,000|
## **12) Related parties**
Controlling entity
The charity is controlled by the trustees.
**Page 8**
## **Easton Gymnastics Club**
## **Notes to the Financial Statements for the Year Ended 30 September 2022**
## continued
## **13) Analysis of funds**
|**13) Analysis of funds**||
|---|---|
|**General Funds**
Unrestricted income fund
**Restricted Funds**
Restricted income fund|**At 1**
**At 30**
**October**
**Incoming**
**Resources**
**September**
**2021**
**resources**
**expended**
**2022**
**£**
**£**
**£**
**£**
440,362
301,912
-270,287
471,987
214,924
0
0
214,924|
||655,286
301,912
-270,287
686,911|
## **14) Operating lease commitments**
At 30 September 2022 the company had commitments to make future minimum lease payments under noncancellable operating leases as follows:
|**Amounts payable Land and Buildings**
Within 1 Year
Between 1 and 5 years
Over 5 years|**2022**
**2021**
**£**
**£**
4,208
4,208
16,832
16,832
75,744
79,952|
|---|---|
||96,784
78,750|
## 2022 accounts
Final Audit Report
2023-03-10
Created: 2023-03-10 By: Pauline Street (pauline@adpaccounting.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAwJcOa5N4KztW_yoW8PsJ0SEAgc8Ng4vA
## "2022 accounts" History
Document created by Pauline Street (pauline@adpaccounting.co.uk)
2023-03-10 - 2:31:53 PM GMT
Document emailed to jo.tubby@yahoo.co.uk for signature
2023-03-10 - 2:32:29 PM GMT
Email viewed by jo.tubby@yahoo.co.uk
2023-03-10 - 4:04:41 PM GMT
Signer jo.tubby@yahoo.co.uk entered name at signing as JOSEPHINE TUBBY 2023-03-10 - 4:06:17 PM GMT
Document e-signed by JOSEPHINE TUBBY (jo.tubby@yahoo.co.uk) Signature Date: 2023-03-10 - 4:06:19 PM GMT - Time Source: server
## Agreement completed.
2023-03-10 - 4:06:19 PM GMT