| Page | ||||
|---|---|---|---|---|
| Trustees' annual report |
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| Independent examiner's report to the trustees |
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| Statement offinancial |
activities | (including | income and | |
| expenditure account) |
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| Statement offinancial |
position | |||
| Notes to the financial statements |
| Reference | and administrative | and administrative | and administrative | and administrative | details | ||||
|---|---|---|---|---|---|---|---|---|---|
| Registered | charity | name | SQUTHPORT GYMNASTICS CLUB C.I.O. | ||||||
| Charity registration | number | 1163781 | |||||||
| Company | registration | number | CE004808 | ||||||
| Principal office and | registered | 55a Segars Lane | |||||||
| office | Ainsd ale | ||||||||
| Southport | |||||||||
| Merseyside | |||||||||
| PR8 3JA | |||||||||
| England | |||||||||
| The trustees | |||||||||
| Mr. Matthew Dodd |
|||||||||
| Ms. Louise | Fisher | ||||||||
| Ms. Angela | Christian | - Pye | |||||||
| IVls. Karen | Lawson | ||||||||
| Mrs. Karen | Allen | ||||||||
| Mrs. Sarah | Johnson | ||||||||
| Mr. Paul Holi | |||||||||
| Ms. Justine | Sims | (Resigned | 2 November 2021) | ||||||
| Mr. James | Long | (Appointed | 26 June 2022) | ||||||
| Mr. Peter Kearon | (Appointed | 26 June 2022) | |||||||
| Mr. Manuel | Castineira | Taboeile | (Appointed | 26 June 2022) | |||||
| Mr. Collin Griffiths | (Appointed | 26 June 2022) | |||||||
| Independent | examiner | Chris Sales | |||||||
| Suite 205-209 | |||||||||
| The Malthouse Business Centre |
|||||||||
| Southport | Road | ||||||||
| Ormskirk | |||||||||
| Lancashire | |||||||||
| L39 1QR |
| 2022 | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| funds | Total funds | Total funds | ||||
| Note | E | |||||
| income and endowments | ||||||
| Donations and legacies |
4 | 370,039 | 370,039 | 190,827 | ||
| Other incoming resources |
5 | 23,412 | 23,412 | 37,296 | ||
| Total income | 393,451 | 393,451 | 228,123 | |||
| Expenditure | ||||||
| Expenditure on raising funds: |
||||||
| Cost ofgenerating | funds | 6 | 10,622 | 10,622 | 3,682 | |
| Expenditure on charitable |
activities | 7,8 | 263,3'I 9 | 263,319 | 170,635 | |
| Other expenditure | 10 | 67,656 | 67,656 | 60,209 | ||
| Total expenditure | 341,597 | 341,597 | 234,526 | |||
| Net income/(expenditure) | and net movement | in funds | 51,854 | 51,854 | (6,403) | |
| Reconciliation offunds |
||||||
| Total funds brought forward |
488,669 | 488,669 | 495,072 | |||
| Total funds carried forward | 540,523 | 540,523 | 488,669 |
| 31 August | 202 | 2 | |||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Note | E | ||||||
| Fixed assets | |||||||
| Tangible fixed assets | 16 | 411,633 | 422,400 | ||||
| Current assets | |||||||
| Stocks | 16 | 12,555 | 3,588 | ||||
| Debtors | 17 | 62,235 | 44,932 | ||||
| Cash at bank | and | in | hand | 320,621 | 271,774 | ||
| 395,411 | 320,294 | ||||||
| Creditors: amounts | falling | due within one year | 18 | 153,309 | 132,526 | ||
| Net current | assets | 242,102 | 187,768 | ||||
| Total assets | less | current | liabilities | 653,735 | 610,168 | ||
| Creditors: amounts | falling | due after more than one year | 19 | 113,212 | 121,499 | ||
| Net assets | 540,523 | 488,669 | |||||
| Funds ofthe charity | |||||||
| Unrestricted | funds | 540,523 | 488,669 | ||||
| Total charity | funds | 20 | 540,523 | 488,669 |
| Depreciation | is calculated | so as to write off the cost or valuation of |
an asset, less its residual | |
|---|---|---|---|---|
| value, over | the useful economic life ofthat asset as follows: | |||
| Freehold property |
installations oniy - straight line basis, over 15years, |
|||
| Land 8 buildings -no depreciation |
has been provided | |||
| on the building on the basis that |
its residual value | |||
| remains in excess of its carrying |
value. | |||
| Office fixtures, | fittings | |||
| and equipment | 33%reducing balance basis |
|||
| Gymnastics | equipment | 25% reducing balance basis |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | ||
| E | E | ||||
| Donations | |||||
| Donations | 265 | 265 | 10,929 | 10,929 | |
| Fundraising | activities | 4,817 | 4,817 | 274 | 274 |
| Subscription Membership |
s and other fees |
364,957 | 364,957 | 179,624 | 179,624 |
| 370,039 | 370,039 | 190,827 | 190,827 |
| Other incomin | g reso | urces | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Totai Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| E | E | |||||
| Gift aid | 3,121 | 3,121 | ||||
| Local Authority | Grant | - Covid-19 relief | 26,143 | 26,143 | ||
| Sales ofmerchandise | 8 Tea bar | 20,192 | 20,192 | 7,731 | 7,731 | |
| Miscellaneous | income | 99 | 99 | 3,422 | 3,422 | |
| 23,412 | 23,412 | 37,296 | 37,296 |
| Unrestricted | Restricted | Total Funds | ||||
|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | ||||
| E | K | |||||
| Staff costs | 7,808 | 7,808 | ||||
| Fundraising | event costs | 486 | 486 | |||
| Support costs - establishment | costs | 1,704 | 1,704 | |||
| Support costs - communications | and IT | 223 | 223 | |||
| Support costs - general | office | 94 | 94 | |||
| Loan interest | 269 | 269 | ||||
| General expenses | 38 | 38 | ||||
| 10,622 | 10,622 |
| Expenditure | on charitab/e activ |
ities by fund type |
|||
|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2022 | Funds | 2021 | ||
| F | K | F | E | ||
| Gymnastics | club activities | 231,870 | 231,870 | 151,251 | 151,251 |
| Support costs | 31,449 | 31,449 | 19,384 | 19,384 | |
| 263,319 | 263,319 | 170,635 | 170,635 |
| Expenditure | on | charitabie activi | ties by activity type |
||||
|---|---|---|---|---|---|---|---|
| Activities | |||||||
| undertaken | Total funds | Total fund | |||||
| directly | Support | costs | 2022 | 2021 | |||
| E | |||||||
| Gymnastics | club | activities | 231,870 | 31,449 | 263,319 | 170,635 |
| Analysis ofsup | port costs | |||||
|---|---|---|---|---|---|---|
| Raising | Charitable | Other | Total Funds | Total Funds | ||
| Funds | Activities | Expenditure | 2022 | 2021 | ||
| Support Costs | ||||||
| Premises costs | 1,704 | 30,671 | 1,704 | 34,079 | 20,939 | |
| Communications | and IT | 223 | 447 | 3,799 | 4,469 | 3,640 |
| General office | 94 | 331 | 1,446 | 1,871 | 844 | |
| 2,021 | 31,449 | 6,949 | 40,419 | 25,423 |
| Other expen | d | iture | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2022 | Funds | 2021 | ||||||
| E | E | ||||||||
| Staff costs | 43,281 | 43,281 | 34,355 | 34,355 | |||||
| British Gymnastics | membership | fees | 1,757 | 1,?57 | 1,426 | 1,426 | |||
| insurance | 6,974 | 6,974 | 5,142 | 5,142 | |||||
| Support costs | - establishment | costs | 1,704 | 1,704 | 1,047 | 1,047 | |||
| Support costs | - communications | and IT | 3,799 | 3,799 | 3,094 | 3,094 | |||
| Support costs | - general | office | "l,446 | 1,446 | 627 | 627 | |||
| Accountancy | and | payroll | charges | 3,836 | 3,836 | 5,500 | 5,500 | ||
| Consultancy | fees | 4,290 | 4,290 | ||||||
| Bank charges | 1,383 | 1,383 | 1,382 | 1,382 | |||||
| Loan interest | 269 | 269 | 257 | 257 | |||||
| Bad debts | 329 | 329 | 105 | 105 | |||||
| Depreciation | 2,878 | 2,878 | 2,984 | 2,984 | |||||
| 67,656 | 67,656 | 60,209 | 60,209 |
| 2022 | 2021 |
|---|---|
| 10,767 | 13,502 |
| independent | examination fees |
examination fees |
||||
|---|---|---|---|---|---|---|
| Fees payable | to the independent | examiner for: | ||||
| 2022 | 2021 | |||||
| F | ||||||
| Independent | examination | ofthe | financial statements | 3,000 | 2,400 | |
| Other financial | services | 836 | 3,100 | |||
| 3,836 | 5,500 |
| Staff costs | Staff costs | ||||
|---|---|---|---|---|---|
| The total staff costs | and employee | benefits for the reporting | period are analysed as | follows:- | |
| 2022 | 2021 | ||||
| Wages and | salaries | 228,117 | 203,747 | ||
| Employers | national | insurance | 5,547 | 8,034 | |
| Pension costs | 2,944 | 2,654 | |||
| Coronavirus | JRS grants | (53,747) | |||
| 236,608 | 160,688 |
| Tangible fixed assets | ||||
|---|---|---|---|---|
| Freehold | Fixtures and | |||
| property | fittings | Equipment | Total | |
| Cost | ||||
| At 1 September 2021 and 31 August 2022 |
398,208 | 2,196 | 65,175 | 465,579 |
| Depreciation At 1 September 2021 |
7,998 | 1,560 | 33,621 | 43,179 |
| Charge for the year | 2,666 | 212 | 7,889 | 10,767 |
| At 31August 2022 | 10,664 | 1,772 | 41,510 | 53,946 |
| Carrying amount At 31 August 2022 |
387,544 | 424 | 23,665 | 411,633 |
| At 31 August 2021 | 390,21 0 | 636 | 31,554 | 422,400 |
| 16. | Stocks | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||||
| E | ||||||||||||
| Finished | goods and goods for resale | 12,555 | 3,588 | |||||||||
| 17. | Debtors | |||||||||||
| 2022 | 2021 | |||||||||||
| K | ||||||||||||
| Trade debtors | 61,068 | 44,500 | ||||||||||
| Prepayments | and accrued income | 1,167 | 432 | |||||||||
| 62,235 | 44,932 | |||||||||||
| 18. | Creditors: amounts | falling | due within | one year | ||||||||
| 2022 | 2021 | |||||||||||
| F | ||||||||||||
| Bank loans | 7,646 | 7,597 | ||||||||||
| Trade creditors | 559 | 2,174 | ||||||||||
| Accruals | and | deferred | income | 121,990 | 107,607 | |||||||
| Social security | and other taxes | 4,646 | 2,067 | |||||||||
| Other creditors | 18,468 | 13,081 | ||||||||||
| 153,309 | 132,526 | |||||||||||
| Included | in above creditors | is deferred | income relating | to fees | ||||||||
| invoiced | in advance for the | Sept-Dec 2022 | term | 117,850 | 104,455 | |||||||
| 19. | Creditors: amounts | falling due | after | more than one | year | |||||||
| 2022 | 2021 | |||||||||||
| E | ||||||||||||
| Bank loans | 113,212 | 121,499 | ||||||||||
| 20. | Analysis | ofcharitable | funds | |||||||||
| 1 Sep 2021 | Income | Expenditure | Transfers | 31 Aug 22 | ||||||||
| General | funds | (487,885) | (393,45'I) | 341,597 | (539,739) | |||||||
| Bursary | fund | {784) | (784) | |||||||||
| (488,669) | (393,451) | 341,597 | (540,523) |
| Analysis of net as | sets between funds | ||
|---|---|---|---|
| Unrestricted | Total Funds | ||
| Funds | 2022 | ||
| Tangible fixed assets | 411,633 | 411,633 | |
| Current assets | 395,412 | 395,412 | |
| Creditors less than | 1 year | (266,522) | (266,522) |
| Net assets | 540,523 | 540,523 | |
| Unrestricted | Total Funds | ||
| Funds | 2021 | ||
| E | |||
| Tangible fixed assets | 422,400 | 422,400 | |
| Current assets | 320,294 | 320,294 | |
| Creditors less than | 1 year | (254,025) | (254,025) |
| Net assets | 488,669 | 488,669 |