||||Page|| |---|---|---|---|---| |Report ofthe Trustees||1|to|4| |Indcpcndcnt
Examiner's|Rcport|||| |Statement ofFinancial|Activities|||| |Balance Sheet||7|to|8| |Cash Flow Statement||||| |Notes to the Cash Flow|Statement||10|| |Notes to thc Financial|Statcmcnts|11|to|22| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||||2021|2020| |---|---|---|---|---|---|---|---|---|---| |||||||Unrestricted|Restricted|Total|Total| ||||||Notes|funds|funcaf|funds|funds| |INCOME AND ENDOWMENTS||||FROM|||||| |Donations
and legacies||||||208,220|3,200|211,420|110,337| |I'haritable
activities|||||||||| |Memberships||||||37,486||3',486|51,029| |Gcncral classes||||||322,087||322,087|400,617| |Merchandise
sales||||||2,449||2,449|15,418| |Gymnastics
squad|fees||and event income|||56,799||56,799|98,509| |Investment
income||||||72||72|367| |Total||||||627,113|3,200|630,313|676,277| |EXPENDITURE|ON||||||||| |Raising funds|||||||||| |Raising donations|and||legacies||6|4505||4 505|5599| |||||||4,505||4,505|5,599| |Charitable
activities|||||||||| |Charitable
activities||||||578,503|2,226|580,729|738,164| |Other||||||6 783|415|7 198|22 738| |Total||||||589,791|2,641|592,432|766,501| |NET INCOME/(EXPENDITURE)||||||37,322|559|37,881|(90424)| |RECONCILIATION|||OF FUNDS||||||| |Total funds brought||forward||||191,554|3,394|194,948|285,172| |TOTAL FUNDS|CARRIED FORWARD|||||228 876|3 953|232 829|194948| ## |||||2021|2020| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||funds|funds|funds|funds| ||Notes||E|6|| |FIXEDASSETS|||||| |Tangible
assets|13|63,601|413|64,014|70,170| |CURRENT ASSETS|||||| |Stocks|14|200||200|200| |Debtors|15|58.580||58,580|18,289| |Cash at bank and in hand||260,876|3 540|~264 416|279,803| |||319,656|3,540|323,196|298,292| |CREDITORS|||||| |Amounts
falling due within one year|16|(111,881)||(111,881)|(173,514)| |NET CURRENT ASSETS||207 775|~3 540|211315|124778| |TOTAL ASSETSLESSCURRENT|||||| |LIABILITIES||271,376|3,953|275,329|194,948| |CREDITORS|||||| |Amounts
fall mg due atter more than one year|17|(42,500)||(42,500)|| |NET ASSETS||228 876|3 953|232 829|194948| |FUNDS|||||| |Ilnrcstricted
funds
Restricted
funds||||228,876
~3953|191,554
3,394| |TOTAL FUNDS||||232 829|194948| |||||2021|2020| |---|---|---|---|---|---| ||||Notes||| |Cash flows from operating|activities||||| |Cash generated
from operations
Interest paid||||(64,417)
~1042|37,189| |Net cash (used in)/provided|by|operating|activities|65 459|37 189| |Cash flows from investing|activities||||| |Interest received||||72|367| |Nct cash provided
by investing||activities||72|367| |Cash flows from financin|activities||||| |New loans
in year||||50000|| |Net cash provided
by financing||activities||60000|| |Change in cash and cash equivalents|||in||| |the reporting
period||||(15,387)|37,556| |Cash and cash equivalents|at|the|||| |begianing
ofthe reporting|period|||279,803|242 247| |Cash and cash equivalents|at|the end|of||| |the reporting
period||||264 416|279 803| ## |||||||||2021|2020| |---|---|---|---|---|---|---|---|---|---| |||||||||f|| |Net income/(expenditure)|||for the reporting||period (as per the||||| |Statement ofFinancial|||Activities)|||||37,881|(90,224)| |Adjustments|for:||||||||| |Deprectatton|charges|||||||o, i56|22,738| |Interest received||||||||(72)|(367)| |Interest paid||||||||1,042|| |(Increase)/decrease
in debtors||||||||(40,291)|40,429| |(Decrease)/increase
in creditors||||||||~69 133)|64 613| |Net cash (used in)/provided||||by operations||||64417|37.189| |ANALYSIS|OF CHANGES|||IN NET FUNDS|||||| |||||||At|1 8.20|Cash tlow|At 31.7 21| |||||||||f.|| |Net cash
Cash at bank|and in hand||||||279 803
279 803|~(5 387)
~15,387)|264 416
264 416| |Debt|||||||||| |Debts falling
Debts fallmg
Total|dnc within
dne atter|1|1 year
year||||279 803|(7,500)
~42 500)
~50,000)
~65 387)|(7,500)
~42 500)
~50000)
214416| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||||2021|2020| |---|---|---|---|---|---|---|---|---|---| |Donations||||||||23,732|5,027| |Grants||||||||187688|105310| |||||||||211420|110337| |Grants received, included||||in|the above, are as follows:||||| |||||||||2021|2020| |Men's Artistic Development|||||Grant|||2,000|| |Government|grants|including|||the Job Retention||Scheme|184,488|102,744| |Coaching
Development||||Grant|||||2,566| |Artistic Development|||Grant|||||500|| |COVID-19|Cleaning|Grant||||||700|| |||||||||187688|105310| |INVESTMENT
IINCOMli|||||||||| |||||||||2021|2020| |Interest receivable||||||||72|367| |INCOME|FROM CHARITASLE|||||ACTIVITIES|||| |||||||||2021|2020| |||||||Activity|||| |Membership|fees|||||Memberships||37,486|51,029| |Class fees||||||General classes||322,087|400,617| |K&t sales
Squad fees|and event||income|||Merchandise
Gymnastics|sales
squad fees and event income|2,449
~56799|15,418
98,509| |||||||||418 821|565 573| ## ## |RAISING|DON|ATIO|NS
AND LEGACIES|||||| |---|---|---|---|---|---|---|---|---| ||||||||2021|2020| |Support costs|||||||4505|5 599| |CHARITABLE||ACTIVITIES COSTS||||||| ||||||||Support|| |||||||Direct|costs (see|| |||||||Costs|note 83|Totals| |Charitable|activities|||||495 166|85 563|580 729| |SUPPORT|COSTS|||||||| |||||||Management
f|Finance|Totals| |Raismg donations
and
Charitable
activities|||legacies|||4,440
~84 336|65
~1227|4,505
~85 563| |||||||88 776|I 292|90068| |Support costs, included|||in the above, are as follows|||||| ||||||||2021|2020| |||||Raising||||| |||||donations||||| |||||and||Charitable|Total|Total| |||||legaciesf||activities
f|activities
f|activities| |Wages||||3,671||69,750|73,421|84,718| |Social security||||184||3,487|3,671|3,549| |Pensions|||||66|1,241|1,307|1,448| |Telephone|||||53|1,007|1,060|1,488| |Office costs||||142||2,696i|2,838|11,209| |Sundries|||||9|170|179|108| |Independent|examiners||fees|315||5,985|6,300|6,120| |Bank charges||||65
~4 505||1,227
~85 563|1,292
90068|3 380
~112020| ## ||||2021|2020| |---|---|---|---|---| |Depreciation|- owned assets||6,)S6|22,738| |lndcpcndcnt|cxammcr's|fi:cs|6300|6 120| ## ## ## |STAFF COST|S|||||| |---|---|---|---|---|---|---| ||||||2021|2020| |Wages and salanes|||||355,778|417,597| |Social security|costs||||20,463|25,439| |Other pension|costs||||8 981|9393| ||||||385222|452 429| |The average monthly||number ofetnployees|during|the year was as follov, s:||| ||||||2021|2020| |Administrative|employee||||7|8| |Coaches|||||22|26| ||||||29|34| |12.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|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| |||||f.||f| ||INCOME AND ENDOWMENTS FROM|||||| ||Donations
and legacies|||107,771|2,566|110,337| ||t'haritable
activities|||||| ||Memberships|||51,029||51,029| ||General classes|||400,617||400,617| ||Merchandise
sales|||15,418||15,418| ||Gymnastics
squad fees||and event income|98,509||98,509| ||Investment
income|||367||367| ||Total|||673,711|2,566|676,277| ||EXPENDITURE ON|||||| ||Raising funds
Raising donations
and||lcgacics|~5599||~5599| |||||5,599||5499| ||Charitable
activities|||||| ||Charitable
activities|||738.164||738,164| ||Other|||22 323|415|22 738| ||Total|||766,086|415|766,501| ||NET INCOME/(EXPENDITURE)|||(92,375)|2,151|(90,224)| ||RECONCILIATION||OF FUNDS|||| ||Total funds brought|forward||283,929|1,243|285,172| ||TOTAL FUNDS CARRIED FORWARD|||Irjl 554|~3394|194948| ## ## ## ## |TANGIBLE FIXEDAS|SETS|||| |---|---|---|---|---| |||Improvements||| |||to|Gymnastics|| |||property|equipment|Totals| ||||f.|| |COST||||| |At 1stAugust 2020 and 31st July 2021||96,855|86416|183271| |DEPRECIATION||||| |At 1stAugust 2020
Charge for year||28,197
~5457|84,904
699|113,101
6,156| |At 31stJuly 2021||33654|85 603|119257| |NET BOOK VALUE||||| |At 31stJuly 2021||~63 201|813|~64 014| |At 31st July 2020||68658|I 512|70 170| |STOCKS||||| ||||2021|2020| |Stocks|||200|200| |DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|||| ||||2021|2020| |Trade debtors
Other debtors|||46,787
~tl 793|6,226
~12063| ||||~58580|~18289| |CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||| ||||2021|2020| |Bank loans and overdrafts|lsee note 18)||7,500|| |Social security
and other|taxes||6,286|5,751| |Other creditors|||21,467|93,005| |Deferred income|||70,528|68.658| |Accrued expenses|||6 100|6 100| ||||111881|173514| ## ## ## ## ## |CREDITORS: AMOUNTS||FALLING DUE AFTER MORE|THAN ONE YEAR|||| |---|---|---|---|---|---|---| |||||2021|2020|| |Bank loans (see note 18)||||42 500||| |LOANS||||||| |An analysis ofthe maturity of||loans is given below:||||| |||||2021|2020|| |Amounts
falling due withm one year on demand:
Bank loan less than one year||||~7500||| |Amounts
falling between one||and two years:||||| |Bank loans
—1-2years||||10000||| |Amounts
falling due between||two and five years:||||| |Bank loans
—2-5 years||||30000||| |Amounts
falling due in more|than five years.|||||| |Repayable
by instalments:||||||| |Bank loans more 5 yr by instal||||2,500||| |MOVEMENT
IN FUNDS||||||| |||||Net||| |||||movement|At|| ||||At 1.8.20|m funds|31.7.21|| |||||f,||| |Unrestricted
funds||||||| |General
fund|||191,554|37,322|228,|876| |Restricted
funds||||||| |Children
in Need Grant|||828|(415)||413| |Coaching
Development
Grant|||2,566|(1,526)|1,040|| |Artistic Development
Grant
Men's Artistic Development|Grant|||500
2 000|500
~2000|| ||||3 394|559|3,953|| |TOTAL FUNDS|||~194948|37 881|~232|829| ## ## |||||Incoming|Resources|Movement| |---|---|---|---|---|---|---| |||||resources|expended|in funds| |Unrestricted
funds||||||| |General
fund||||627,113|(589,791)|37,322| |Restricted
funds||||||| |Chtldren
in Need Grant|||||(415)|(415)| |Coaching Dcvclopmcnt||Grant|||(1,526)|(1,526)| |Artistic Development||Grant||500||500| |Men's Artistic Development|||Clrant|2,000||2,000| |COVID-19 Cleaning|Grant|||700
~3200|~2641)|559| |TOTAL FUNDS||||630313|592 432|37 881| |Comparatives
for 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||||||| |Chtldrcn
in Nccd Grant
Coaching
Development
Grant||||1,243|(415)
~2566|828
2,566| |||||1 243|2 151|3 394| |TOTAL FUNDS||||285.172|~90224)|194948| ## ## ||||||||Incoming|Resources|Movement| |---|---|---|---|---|---|---|---|---|---| ||||||||resources|expended|in funds| |Unrestricted
funds|||||||||| |General|fund||||||673,711|(766,086)|(92,375)| |Restricted
funds|||||||||| |Chtldren
Coaching
TOTAL|in Need Grant
Dcvclopmcnt
FUNDS||Grant||||2.566
~2566
~676 277|(415)
~415)
766 501|(415)
~2566
2 151
~90224)| |A current|year 12 months||and prior year 12 months||combined|position|is as follows:||| |||||||||Net|| |||||||||movement|At| ||||||||At 1.8.19|tn funds|31.7.21| |||||||||f,|| |Unrestricted
funds|||||||||| |General|fund||||||283,929|(55,053)|228,876| |Restricted
funds|||||||||| |Children|in Need Grant||||||1.243|(830)|413| |Coaching|Development||Grant|||||1,040|1,040| |Artistic Development
Grant
Men's Artistic Development||||Grant|||~1243|500
2 000
~2710|500
~2000
3,953| |TOTAL|FUNDS||||||285 172|52 343|232 829| ## ## |||||Incoming|Resources|Movement| |---|---|---|---|---|---|---| |||||resources|expended|in funds| |Unrestricted
funds||||||| |General
fund||||1,300,824|(1,355,877)|(55,053)| |Restricted
funds||||||| |Chtldren
in Need Grant|||||(830)|(830)| |Coaching Dcvclopmcnt||Grant||2.566|(1,526)|1,040| |Artistic Development||Grant||500||500| |Men's Artistic Development|||Crrant|2,000||2,000| |COVID-19 Cleaning
TOTAL FUNDS|Grant|||700
~5766
1 306 590|~3056)
1 358933|2,710
~52 343)| ## ## ##