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2020-07-31-accounts

Report ofthe Trustees I to 4
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet 7 to 8
Cash Flow Statement
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 20
Detailed Statement of Financial Activities 21 to 22

2020 2019
Unrestricted Restricted Total Total
funds funds funds funds
Notes g
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 107,771 2,566 110,337 8,765
Charitable
activities
Memberships 51,029 51,029 52,013
General classes 400,617 400,617 596,509
Merchandise
sales		 and festival incomo 15,418 15,418 15,315
Gymnastics
squad		 fees and event income 98,509 98,509 183,780
Investment
income		 366 150
Total 673,710 2,566 676476 856,532
EXPENDITURE ON
Raising funds
Raising donations and legacies 6 7,072 7,072 6,925
7,072 7,072 6,925
Charitable
activities
Charitable
activities		 736,690 736,690 792,461
Other 22,323 415 22,738 22,737
Total 766,085 415 766,500 822,123
NET INCOME/(EXPENDITURE) (92,375) 2,151 (90@24) 34,409
RECONCILIATION OF FUNDS
Total funds brought forward 283,929 1,243 285,172 250,763
TOTAL FUNDS CARRIED FORWARD 191,554 3,394 194,948 285,172

2020 2019
Unrestricted Restricted Total Total
funds funds funds funds
Notes f, 8 f,
FIXEDASSETS
Tangible
assets		 13 69,342 828 70,170 92,908
CURRENT ASSETS
Stocks 14 200 200 200
Debtors 15 18,289 18@89 58,718
Cash at bank and in hand 277,237 2,566 279,803 242,247
295,726 2,566 298492 301,165
CREDITORS
Amounts
falling due within one year		 16 (173,514) (173,514) (108,901)
NET CURRENT ASSETS 122,212 2,566 124,778 192,264
TOTAL ASSETSLESSCURRENT
LIABILITIES 191,554 3,394 194,948 285,172
NET ASSETS 191,554 3,394 194,948 285,172
FUNDS 17
Unrestricted
funds		 191,554 283,929
Restricted
funds		 3,394 1,243
TOTAL FUNDS 194,948 285,172

2020 2019
Notes
Cash flows from operating activities
Cash generated
from operations		 37,190 89,514
Net cash provided by operating
activities		 37,190 89,514
Cash flows from investing activities
Purchase oftangible
fixed assets		 (1,003)
Interest received 366 150
Net cash provided
by/(used		 in) investing activities 366 (853)
Change
in cash and cash equivalents		 in
the reporting
period		 37,556 88,661
Cash and cash equivalents at the
beginning
ofthe reporting		 period 242,247 153,586
Cash and cash equivalents at the end of
the reporting
period		 279,803 242447
RECONCILIATION OF NET (EXPENDITURE)/INCOME OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM
OPERATING ACTIVITIES
2020 2019
Net (expenditure)/income
for the reporting		 period (as per the
Statement ofFinaacial Activities) (90724) 34,409
Adjustments
for:
Depreciation
charges		 22,738 22,737
Interest received (366) (150)
Decrease/(increase)
in		 debtors 40,429 (16,854)
Increase in creditors 64,613 49,372
Net cash provided
by		 operations 37,190 89,514

ANALYSIS OF CHANGES IN NET FUND S
At 1.8.19 Cash flow At 31.7.20
Net cash
Cash at bank and in hand 242,247 37,556 279,803
242747 37,556 279,803
Total 242,247 37,556 279,803

3. DONATIONS DONATIONS AND LEGACIES LEGACIES LEGACIES
2020 2019
Donations 5,027 4,765
Grants 105,310 4,000
110,337 8,765
Grants received, included in the above, are as follows:
2020 2019
8 8
Men's Artistic Development Grant 4,000
Job Retention Scheme and related grants 102,744
Kent Gymnastics 2,566
105,310 4,000
4. INVESTMENT INCOME
2020 2019
Interest receivable 366 150
INCOME FROM CHARITABLE ACTIVITIES
2020 2019
Activity
Membership fees Memberships 51,029 52,013
Class fees Geneml classes 400,617 596,509
Kit sales Merchandise sales and festival income 15,418 15,315
Squad fees and event income Gymnastics squad fees and event income 98,509 183,780
565,573 847,617
6. RAISING DONATIONS AND LEGACIES
2020 2019
Marketing, advertising and computer expenses 1,550 2,338
Support costs 5,522 4,587
7,072 6,925

Support
Direct costs (see
Costs note 8) Totals
Charitable activities 631,743 104,947 736,690
8. SUPPORT COSTS
Management Finance Totals
Raising donations and legacies 5,353 169 5,522
Charitable activities 101,736 3/11 104,947
107,089 3,380 110,469
Support costs, included in the above, are as follows:
2020 2019
Raising
donations
and Charitable Total Total
legacies activities actlvltles activities
8
Wages 4,236 80,482 84,718 68,713
Social security 177 3,372 3,549 2,895
Pensions 72 1,376 1,448 767
Telephone 74 1,414 1,488 1,395
Office costs 483 9,175 9,658 7,084
Sundries 5 103 108 140
Independent examiners fees 306 5,814 6,120 5,980
Bank charges 169 3@11 3,380 4,755
5,522 104,947 110,469 91,729
9. NET INCOME/(EXPENIJITURE)
Net income/(expenditure) is stated after charging/(crediting);
2020 2019
8
Depreciation - owned assets 22,738 22,738
Independent examiner's fees 6,120 5,980

STAFF COSTS
2020 2019
Wages and salaries 417,597 408,553
Social security costs 25,439 25,960
Other pension costs 9,393 7,078
452,429 441,591
The average monthly number ofemployees during the year was as follows:
2020 2019
Administrative
employees		 8 6
Coaches 26 25
34 31

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
8 f,
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 4,765 4,000 8,765
Charitable
activities
Memberships 52,013 52,013
General classes 596,509 596,509
Merchandise
sales		 and festival income 15,315 15,315
Gymnastics
squad		 fees and event income 183,780 183,780
Investment
income		 150 150
Total 852,532 4,000 856,532
EKPENDITURE ON
Raising funds
Raising donations and legacies 6,925 6,925
6,925 6,925
Charitable
activities
Charitable
activities		 786,461 6,000 792,461
12. COMPARATIVES FOR THK STATEMENT OFFINANCIALA~S COMPARATIVES FOR THK STATEMENT OFFINANCIALA~S COMPARATIVES FOR THK STATEMENT OFFINANCIALA~S - continued
Unrestricted Restricted Total
funds funds funds
8
Other 22,322 415 22,737
Total 815,708 6,415 822,123
NET INCOME/(EXPENDITURE) 36,824 (2,415) 34,409
RECONCILIATION OF FUNDS
Total funds brought forward 247,105 3,658 250,763
TOTAL FUNDS CARRIED FORWARD 283,929 1,243 285,172
13. TANGIBLE FIXEDASSETS
Improvements
to Gymnastics
property equipment Totals
COST
At 1stAugust 2019and 31stJuly 2020 96,855 86,416 183471
DEPRECIATION
At 1stAugust 2019 22,740 67,623 90,363
Charge for year 5,457 17@81 22,738
At 31stJuly 2020 28,197 84,904 113,101
NET BOOK VALUE
At 31stJuly 2020 68,658 1,512 70,170
At 31stJuly 2019 74,115 18,793 92,908
14. STOCKS
2020 2019
Stocks 200 200

DEBTORS:AMOUNTS FALL ING DUK WITHIN ONK Y EAR
2020 2019
8
Trade debtors 6,226 30,182
Other debtors 12,063 14,136
Prepayments 14,400
18@89 58,718
CREDITORS: AMOUNTS FALLING DUE~ONE YEAR
2020 2019
f.
Social security and other taxes 5,751 7,883
Other creditors 93,005 15,923
Deferred income 68,658 78,995
Accrued expenses 6,100 6,100
173,514 108,901
MOVEMENT IN FUNDS
Net
movement At
At 1.8.19 in funds 31.7.20
Unrestricted
funds
General fund 283,929 (92,375) 191,554
Restricted
funds
Children
in Need Grant		 1343 (415) 828
Kent Gymnastics 2,566 2,566
I$43 2,151 3,394
TOTAL FUNDS 285,172 (90/24) 194,948
Net movement
in ftmds, included		 in the above are as follows:
Incoming Resources Movement
resources expended in funds
Unrestricted
funds
General fund 673,710 (766,085) (92,375)
Restricted funds
Children
in Need Grant		 (415) (415)
Kent Gymnastics 2,566 2,566
2,566 (415) 2,151
TOTAL FUNDS 676,276 (766,500) (90,224)

Net
movement At
At 1.8.18 in funds 31.7.19
Unrestricted funds
General fund 247,105 36,824 283,929
Restricted funds
Children in Need Grant 1,658 (415) 1,243
Men's Artistic Development Grant 2,000 (2,000)
3,658 (2,415) 1,243
TOTAL FUNDS 250,763 34,409 285,172
Incoming Resources Movement
resources expended in funds
Unrestricted funds
General fund 852,532 (815,708) 36,824
Restricted
funds
Children in Need Grant (415) (415)
Men's Artistic Development Grant 4,000 (6,000) (2,000)
4,000 (6,415) (2,415)
TOTAL FUNDS 856,532 (822,123) 34,409
A current year 12months and prior year 12months combined position is as follows:
Net
movement At
At 1.8.18 in funds 31.7.20
f,
Unrestricted funds
General fund 247,105 (55,551) 191,554
Restricted
funds
Children in Need Grant 1,658 (830) 828
Men's Artistic Development Grant 2,000 (2,000)
Kent Gymnastics 2,566 2,566
3,658 (264) 3,394
TOTAL FUNDS 250,763 (55,815) 194,948

Incoming Resources Movement
resources expended in funds
Unrestricted
funds
General
fund		 1,526,242 (1,581,793) (55,551)
Restricted
funds
Children
in Need Grant		 (830) (830)
Men's Artistic Development Grant 4,000 (6,000) (2,000)
Kent Gymnastics 2,566 2,566
6,566 (6,830) (264)
TOTAL FUNDS 1,532,808 (1,588,623) (55,815)

2020 2019
INCOME AND KNDOWMKNTS
Donations and legacies
Donations 5,027 4,765
Grants 105,310 4,000
110,337 8,765
Investment income
Interest receivable 366 150
Charitable activities
Membership fees 51,029 52,013
Class fees 400,617 596,509
Squad fees and event income 98,509 183,780
IGt sales 15,418 15,315
565,573 847,617
Total incoming resources 676476 856,532
Raising donations and legacies
Marketing, advertising and computer expenses 1,550 2,338
Charitable activities
Wages 332,879 339,840
Social security 21,890 23,065
Pensions 7,945 6,311
Rent and rates 163,200 172,800
Insurance 6,797 6,701
Event expenses 9,577 39,375
IGt purchases
and awards		 26,514 23,360
Consultancy fees 38,406 52,241
Repairs and renewals 9,754 12,807
Travel and subsistence 5,641 17,116
Stafi' training 5,024 6,873
Subscriptions 4,116 4,830
631,743 705,319
Other
Improvements
to		 property depreciation 5,457 5,457
Gymnastics equipment depreciation 17,281 17480
22,738 22,737
2020 2019
Support costs
Management
Wages 84,718 68,713
Social security 3,549 2,895
Pensions 1,448 767
Telephone 1,488 1,395
Office costs 9,658 7,084
Sundries 108 140
Independent examiners fees 6,120 5,980
107,089 86,974
Finance
Bank charges 3,380 4,755
Total resources expended 766,500 822,123
Net (expenditure)/Income (90424) 34,409