```
REGISTERED COMPANY NUMBER: 08664338 (England and Wales)
REGISTERED CHARITY NUMBER: 1168497
```
```
Report of the Trustees and
```
```
Unaudited Financial Statements
```
```
for the Year Ended 31 October 2020
```
```
for
```
```
Erewash Valley Gymnastics Club Ltd
```
```
Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR
```
```
Erewash Valley Gymnastics Club Ltd
```
## **`Contents of the Financial Statements for the year ended 31 October 2020`**
||**`Page`**|**`Page`**|**`Page`**|
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`3`|
|**`Independent Examiner's Report`**||`4`||
|**`Statement of Financial Activities`**||`5`||
|**`Balance Sheet`**||`6`||
|**`Cash Flow Statement`**||`7`||
|**`Notes to the Cash Flow Statement`**||`8`||
|**`Notes to the Financial Statements`**|`9`|`to`|`16`|
|**`Detailed Statement of Financial Activities`**|`17`|`to`|`18`|
```
Erewash Valley Gymnastics Club Ltd
```
## **`Report of the Trustees for the year ended 31 October 2020`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006, present
theirreportwiththefinancialstatementsofthecharityfortheyearended31October2020.The trustees
haveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
PracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
Thecharity'sobjectiveisthepromotionofcommunityparticipationinhealthyrecreationforthebenefit of
theinhabitantsofErewashandthesurroundingarea,bytheprovisionoffacilitiesandcoaching for
gymnastics.
```
## **`Our Vision`**
```
WewanttomakeEVGCacentreofexcellenceforallabilitiesandtounlockeveryindividual's potential.
Tofacilitateadiverserangeofgymnasticsandsportingactivities.Wewanttobringthefunand benefits
of gymnastics to everyone in our community.
```
## **`Public Benefit`**
```
ThetrusteesconfirmthattheyhavereferredtotheCharityCommissionguidanceonpublicbenefit and
meettheguidelinesthroughthecharity'saimandobjectivesandinplanningfutureactivitiesin the
provision of gymnastic activities.
```
```
EVGCoperatesovertwositesandweaimtoallowasmanydifferentpeopleandorganisationstouse the
facilities.Wewanttoencouragemorepeopletogetandremainactiveassportparticipationhas a
positive impact on health and wellbeing.
```
```
Ouraimistoprovidefitness,funandfriendshipatanaffordableprice,offeringplacestoallregardless of
age, ability or economic circumstances.
```
```
Tothisendweoffersessionsfromunder5'stotssessiontoadults,recreationallevelgymnasticsto an
elite squad training programme.
```
```
Wealsohaveadditionalfacilitiesofmeetingspacesandcaféareafororganisationsandindividuals to
meet and socialise which are open to all.
```
```
EVGCofferspacetoothersportsclubs,includingprovidingapermanenthometoalocalboxing club
(LEABC).
```
## **`STRATEGIC REPORT`**
## **`Achievement and performance`**
## **`Charitable activities`**
```
Thecharity'smissionistooffergymnasticsforallbydeliveringarangeofdifferentopportunities to
participateinthegym.Theseinclude;Preschoolsession,agerelatedfunrecreationallevel gymnastics
sessionstosquadleveltraining,schoolholidayfundays,festivals,carnivalandexternal event
participation,internalbadgescheme,homeschoolsessions,children'sparties,freestyleandadults. We
adaptourofferregularlytoenableasmanyorganisationalandindividualstoparticipateanduse the
facility as possible.
```
```
EVGCoperates2sitesandwearecontinuingtoexpandanddevelopourbuilding,equipmentand session
to allow more people to participate.
```
## **`Financial review`**
## **`Financial position`**
```
Overallincomedecreasedfrom£542,182in2019to£487,559in2020.TheimpactofCovidonthe club
reducedincomelevelswhichwerepredictedtoexceed2019levels.TheJobRetentionscheme provided
some relief with income of £85,635 and a local rates grant of £25,000 has also been received in the year.
```
```
Expenditure decreased during the year from £526,079 in 2019 to £490,2859 in 2020.
```
```
Despitethesignificantlyreducedtradingincome,thecharitymadeasmalldeficitof£2,726 (2019:
surplus of £16,103) for the year to 31st October 2020.
```
```
Page 1
```
```
Erewash Valley Gymnastics Club Ltd
```
## **`Report of the Trustees for the year ended 31 October 2020`**
## **`STRATEGIC REPORT`**
## **`Financial review`**
## **`Reserves policy`**
```
Thecharityhasapolicyforitsreservesthatwetargettoholdenoughcashreservesfortwomonth fixed
runningcostsandspecifictargetsfortheEVGCexpansionprojectandforcyclicalreplacement of
gymnastics kit.
```
```
Coverrunningcostsandunforeseenemergency-IncomeisseasonalandcandropoffinJuly and
Decembersotosupporttheoperationalrequirementofseasonalityweaimtohave2monthsfixed costs
as a reserve.
```
```
Equipmentreplacementcosts-Gymnasticsequipmentiscostlyandrequiresacyclical replacement
program-EVGCwilllooktoplace£1,000permonthfromincomeintoreservestofacilitate this
replacementinthecomingyear(therewillbeexpenditurealsoinyear)withaviewtocontinuingto build
this pot to replace equipment as required.
```
```
As at 31 October 2020 the charity had unrestricted reserves of £200,202 (2019: £190,532).
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Thecharityiscontrolledbyitsgoverningdocument,adeedoftrust,andconstitutesalimited company,
limited by guarantee, as defined by the Companies Act 2006.
```
```
The charity is governed by its Memorandum and Articles of Association dated 27 August 2013, and
amended by special resolution on 27 June 2016.
```
## **`Recruitment and appointment of new trustees`**
```
The minimum number of directors shall be three but is not subject to any maximum.
```
```
Directors / Trustees are appointed by ordinary resolution either by:
Appointment by other Directors / Trustees
Appointment at an AGM
```
```
EVGCDirectors/Trusteesareusuallyrecruitedbylocaladvertisingandrecommendation,expression of
interests are submitted and these are voted on.
```
## **`Organisational structure`**
```
ErewashValleyGymnasticsClubismanagedbyaBoardofDirectorswhoaretrusteestotheCharity. Our
Directorsarevolunteerswhogiveoftheirtimefreelytotheclub.Theirroleistodevelopthestrategy for
EVGC,ensuringcharityassetsaremanagedandtosupporttheclubmanagementteaminthe operational
management of the club.
```
```
EachDirectorhasaspecificareaoftheclubthattheysupportbasedontheskillstheybringtothe club
andeachareahasaleaddirectorandasupportdirector,thisismirroredintheclubwherethese areas
areassignedtothemanagementandfulltimestafftoensurewemaintainfocusonthekeyareas which
are:HR,Finance,H&S,Welfare,Classes,Fundraising,Businessplanning,Marketing,Insurance and
Community.
```
```
Directorsmeetonceamonthforanofficialboardmeetingbutoftengetinvolvedwitheventsand projects
running within the club.
```
```
EVGChasthreedirectorsandiscurrentlylookingtoexpandourboardwithotherlike-mindedpeople who
can expand our expertise within this niche business.
```
```
Day to day running of the charity is designated to the management team.
```
## **`Induction and training of new trustees`**
```
The Directors / Trustees meet formally monthly.
```
```
Newtrusteesareencouragedtofamiliarisethemselveswithcharitylaws,thefinancialreportsofthe club
and to attend staff meetings and events to gain knowledge of the operational workings of the club.
```
```
Page 2
```
```
Erewash Valley Gymnastics Club Ltd
```
## **`Report of the Trustees for the year ended 31 October 2020`**
## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`**
```
08664338 (England and Wales)
```
## **`Registered Charity number`**
```
1168497
```
## **`Registered office`**
```
Hallam Fields Road
Ilkeston
Derbyshire
DE7 4AZ
```
## **`Trustees`**
```
Mrs M S Marshall
Mrs J Dulston (resigned 31.1.2021)
Mrs R C Harbey
Mrs K M Kearns
```
## **`Company Secretary`**
```
Mrs R C Harbey
```
## **`Independent Examiner`**
```
Douglas Perry
FCA
Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR
```
```
Reportofthetrustees,incorporatingastrategicreport,approvedbyorderoftheboardoftrustees, as
the company directors, on ............................................. and signed on the board's behalf by:
```
```
.......................................................
Mrs R C Harbey - Trustee
```
```
Page 3
```
## **`Independent Examiner's Report to the Trustees of Erewash Valley Gymnastics Club Ltd`**
## **`Independent examiner's report to the trustees of Erewash Valley Gymnastics Club Ltd ('the Company')`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 October 2020.
```
## **`Responsibilities and basis of report`**
```
Asthecharity'strusteesoftheCompany(andalsoitsdirectorsforthepurposesofcompanylaw)you are
responsibleforthepreparationoftheaccountsinaccordancewiththerequirementsoftheCompanies Act
2006 ('the 2006 Act').
```
```
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 of
the2006Actandareeligibleforindependentexamination,Ireportinrespectofmyexaminationof your
charity'saccountsascarriedoutundersection145oftheCharitiesAct2011('the2011Act').In carrying
outmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommissionundersection 145(5)
(b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Sinceyourcharity'sgrossincomeexceeded£250,000yourexaminermustbeamemberofalisted body.
IcanconfirmthatIamqualifiedtoundertaketheexaminationbecauseIamaregisteredmemberof FCA
which is one of the listed bodies.
```
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentionin connection
with the examination giving me cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or`
`2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or`
`4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
```
```
Douglas Perry
FCA
Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR
```
```
Date: .............................................
```
```
Page 4
```
```
Erewash Valley Gymnastics Club Ltd
```
## **`Statement of Financial Activities`**
## **`(Incorporating an Income and Expenditure Account) for the year ended 31 October 2020`**
|`Unrestricted`
`funds`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`2`
`2,380`
**`Charitable activities`**
`5`
`General`
`315,582`
`Restricted`
`-`
`Other trading activities`
`3`
`15,137`
`Investment income`
`4`
`19`
`Other income`
`6`
`127,355`
**`Total`**
`460,473`
**`EXPENDITURE ON`**
`Raising funds`
`7`
`2,123`
**`Charitable activities`**
`8`
`General`
`448,680`
`Restricted`
`-`
**`Total`**
`450,803`
**`NET INCOME/(EXPENDITURE)`**
`9,670`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`190,532`
**`TOTAL FUNDS CARRIED FORWARD`**
`200,202`|`Restricted`
`fund`
`£`
`1`
`-`
`27,085`
`-`
`-`
`-`
`27,086`
`-`
`-`
`39,482`
`39,482`
`(12,396)`
`58,614`
`46,218`|`2020`
`Total`
`funds`
`£`
`2,381`
`315,582`
`27,085`
`15,137`
`19`
`127,355`
`487,559`
`2,123`
`448,680`
`39,482`
`490,285`
`(2,726)`
`249,146`
`246,420`|`2019`
`Total`
`funds`
`£`
`37,264`
`433,423`
`109`
`37,637`
`51`
`33,698`|
|---|---|---|---|
||||`542,182`
`13,670`
`499,903`
`12,506`|
||||`526,079`|
||||`16,103`
`233,043`|
||||`249,146`|
```
The notes form part of these financial statements
```
```
Page 5
```
```
Erewash Valley Gymnastics Club Ltd
```
## **`Balance Sheet 31 October 2020`**
|`Unrestricted`
`funds`
`Notes`
`£`
**`FIXED ASSETS`**
`Tangible assets`
`14`
`1,237,218`
**`CURRENT ASSETS`**
`Debtors`
`15`
`706`
`Cash at bank and in hand`
`5,179`
`5,885`
**`CREDITORS`**
`Amounts falling due within one year`
`16`
`(120,500)`
**`NET CURRENT ASSETS`**
`(114,615)`
**`TOTAL ASSETS LESS CURRENT`**
**`LIABILITIES`**
`1,122,603`
**`CREDITORS`**
`Amounts falling due after more than one`
`year`
`17`
`(922,401)`
**`NET ASSETS`**
`200,202`
**`FUNDS`**
`20`
`Unrestricted funds`
`Restricted funds`
**`TOTAL FUNDS`**|`Restricted`
`fund`
`£`
`49,023`
`-`
`50,000`
`50,000`
`(52,805)`
`(2,805)`
`46,218`
`-`
`46,218`|`2020`
`Total`
`funds`
`£`
`1,286,241`
`706`
`55,179`
`55,885`
`(173,305)`
`(117,420)`
`1,168,821`
`(922,401)`
`246,420`
`200,202`
`46,218`
`246,420`|`2019`
`Total`
`funds`
`£`
`1,203,113`
`507`
`105,665`
`106,172`
`(290,474)`
`(184,302)`
`1,018,811`
`(769,665)`
`249,146`
`190,532`
`58,614`
`249,146`|
|---|---|---|---|
```
ThecharitablecompanyisentitledtoexemptionfromauditunderSection477oftheCompaniesAct 2006
for the year ended 31 October 2020.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsforthe year
ended 31 October 2020 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
```
```
.............................................
M S Marshall - Trustee
```
```
The notes form part of these financial statements
```
```
Page 6
```
```
Erewash Valley Gymnastics Club Ltd
```
## **`Cash Flow Statement for the year ended 31 October 2020`**
|||`2020`|`2019`|
|---|---|---|---|
||`Notes`|`£`|`£`|
|**`Cash flows from operating activities`**||||
|`Cash generated from operations`|`1`|`(16,503)`|`199,413`|
|`Interest paid`||`(4,819)`|`(11,856)`|
|`Net cash (used in)/provided by operating activities`||`(21,322)`|`187,557`|
|**`Cash flows from investing activities`**||||
|`Purchase of tangible fixed assets`||`(177,734)`|`(595,625)`|
|`Net cash used in investing activities`||`(177,734)`|`(595,625)`|
|**`Cash flows from financing activities`**||||
|`New loans in year`||`161,000`|`499,600`|
|`Loan repayments in year`||`(19,196)`|`(21,981)`|
|`Interest charged but not paid`||`6,766`|`-`|
|`Net cash provided by financing activities`||`148,570`|`477,619`|
|||||
|**`Change in cash and cash`**||||
|**`equivalents in the reporting period`**||`(50,486)`|`69,551`|
|**`Cash and cash equivalents at the`**||||
|**`beginning of the reporting period`**||`105,665`|`36,114`|
|**`Cash and cash equivalents at the`**||||
|**`end of the reporting period`**||`55,179`|`105,665`|
```
The notes form part of these financial statements
```
```
Page 7
```
```
Erewash Valley Gymnastics Club Ltd
```
## **`Notes to the Cash Flow Statement`**
## **`for the year ended 31 October 2020`**
## **`1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES`**
|**`OPERATING ACTIVITIES`**|||
|---|---|---|
|**`Net (expenditure)/income for the reporting period (as per`**
**`the Statement of Financial Activities)`**
**`Adjustments for:`**
`Depreciation charges`
`Interest paid`
`(Increase)/decrease in debtors`
`(Decrease)/increase in creditors`
**`Net cash (used in)/provided by operations`**|`2020`
`£`
`(2,726)`
`94,606`
`4,819`
`(199)`
`(113,003)`
`(16,503)`|`2019`
`£`
`16,103`
`54,107`
`11,856`
`577`
`116,770`|
|||`199,413`|
## `2.` **`ANALYSIS OF CHANGES IN NET DEBT`**
||`At 1.11.19`|`Cash flow`|`At 31.10.20`|
|---|---|---|---|
||`£`|`£`|`£`|
|**`Net cash`**||||
|`Cash at bank and in hand`|`105,665`|`(50,486)`|`55,179`|
||`105,665`|`(50,486)`|`55,179`|
|**`Debt`**||||
|`Debts falling due within 1 year`|`(100,595)`|`4,166`|`(96,429)`|
|`Debts falling due after 1 year`|`(769,665)`|`(152,736)`|`(922,401)`|
||`(870,260)`|`(148,570)`|`(1,018,830)`|
|**`Total`**|`(764,595)`|`(199,056)`|`(963,651)`|
```
The notes form part of these financial statements
```
```
Page 8
```
```
Erewash Valley Gymnastics Club Ltd
```
## **`Notes to the Financial Statements for the year ended 31 October 2020`**
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS 102,
havebeenpreparedinaccordancewiththeCharitiesSORP(FRS102)'Accountingand Reporting
byCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2019)',FinancialReportingStandard102'TheFinancial Reporting
StandardapplicableintheUKandRepublicofIreland'andtheCompaniesAct2006.The financial
statements have been prepared under the historical cost convention.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
the funds, it is probable that the income will be received and the amount can be measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.
```
## **`Tangible fixed assets`**
```
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
```
```
Freehold property- 2% of cost or valuation
Fixtures and fittings- 33% on cost
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedfor particular
restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```
## **`Hire purchase and leasing commitments`**
```
RentalspaidunderoperatingleasesarechargedtotheStatementofFinancialActivitieson a
straight line basis over the period of the lease.
```
## **`Pension costs and other post-retirement benefits`**
```
Thecharitablecompanyoperatesadefinedcontributionpensionscheme.Contributionspayable to
thecharitablecompany'spensionschemearechargedtotheStatementofFinancialActivities in
the period to which they relate.
```
## **`Company status`**
```
Thecharityisacompanylimitedbyguarantee.Intheeventofthecompanybeingwoundup, the
liability of each member is limited to £10 as defined by the articles of association.
```
```
continued...
```
```
Page 9
```
```
Erewash Valley Gymnastics Club Ltd
```
## **`Notes to the Financial Statements - continued for the year ended 31 October 2020`**
|**`2.`**
**`DONATIONS AND LEGACIES`**
`Donations`
**`3.`**
**`OTHER TRADING ACTIVITIES`**
`Fundraising events`
`Shop income`
**`4.`**
**`INVESTMENT INCOME`**
`Interest Received`
**`5.`**
**`INCOME FROM CHARITABLE ACTIVITIES`**
`Activity`
`Fees`
`General`
`Donated services &`
`facilities`
`General`
`Room hire`
`General`
`Awards`
`General`
`Grants`
`General`
`Grants`
`Restricted`
**`6.`**
**`OTHER INCOME`**
`Other Income`
`HMRC - Furlough scheme`
`Business grant`
`Sport England`|`2020`
`£`
`2,381`
`2020`
`£`
`8,636`
`6,501`
`15,137`
`2020`
`£`
`19`
`2020`
`£`
`265,092`
`29,455`
`9,025`
`1,788`
`10,222`
`27,085`
`342,667`
`2020`
`£`
`9,720`
`85,635`
`25,000`
`7,000`
`127,355`|`2019`
`£`
`37,264`
`2019`
`£`
`20,004`
`17,633`
`37,637`
`2019`
`£`
`51`
`2019`
`£`
`376,406`
`41,823`
`12,513`
`2,431`
`250`
`109`|`2019`
`£`
`37,264`|`2019`
`£`
`37,264`|
|---|---|---|---|---|
||||`2019`
`£`
`20,004`
`17,633`||
||||`37,637`||
|||||`2019`
`£`
`51`|
|||`433,532`|||
|||`2019`
`£`
`33,698`
`-`
`-`
`-`|||
|||`33,698`|||
```
Duringtheyear,theCharityreceivedthefollowinggovernmentsupportgrantsduetothe Covid-19
pandemic:
```
- `£25,000 from Erewash Borough Council`
- `£7,000 from Sport England`
```
TheCharityalsoreceived£85,636intheyearfromHMRCaspartofthegovernment furlough
scheme.
```
```
continued...
```
```
Page 10
```
```
Erewash Valley Gymnastics Club Ltd
```
## **`Notes to the Financial Statements - continued for the year ended 31 October 2020`**
## **`7. RAISING FUNDS`**
## **`Raising donations and legacies`**
|**`Raising donations and legacies`**|||
|---|---|---|
||`2020`|`2019`|
||`£`|`£`|
|`Fundraising`|`2,123`|`13,670`|
## **`8. CHARITABLE ACTIVITIES COSTS`**
|`General`
`Restricted`
**`SUPPORT COSTS`**
`General`
`Restricted`|`Finance`
`£`
`4,731`
`-`
`4,731`|`Direct`
`Costs`
`£`
`385,414`
`-`
`385,414`
`Other`
`£`
`55,124`
`39,482`
`94,606`|`Support`
`costs (see`
`note 9)`
`£`
`63,266`
`39,482`
`102,748`
`Governance`
`costs`
`£`
`3,411`
`-`
`3,411`|`Totals`
`£`
`448,680`
`39,482`|
|---|---|---|---|---|
|||||`488,162`|
|||||`Totals`
`£`
`63,266`
`39,482`|
|||||`102,748`|
## **`9. SUPPORT COSTS`**
## **`10. NET INCOME/(EXPENDITURE)`**
```
Net income/(expenditure) is stated after charging/(crediting):
```
||`2020`|`2019`|
|---|---|---|
||`£`|`£`|
|`Accountancy - Independent examination review`|`2,411`|`3,184`|
|`Depreciation - owned assets`|`94,606`|`54,108`|
|`Other operating leases`|`15,210`|`20,280`|
## **`11. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31October2020nor for
the year ended 31 October 2019.
```
## **`Trustees' expenses`**
```
Therewerenotrustees'expensespaidfortheyearended31October2020norfortheyear ended
31 October 2019.
```
```
continued...
```
```
Page 11
```
```
Erewash Valley Gymnastics Club Ltd
```
## **`Notes to the Financial Statements - continued for the year ended 31 October 2020`**
## **`12. STAFF COSTS`**
|`Wages and salaries`
`Social security costs`
`Other pension costs`|`2020`
`£`
`253,196`
`24,281`
`15,331`
`292,808`|`2019`
`£`
`263,499`
`9,053`
`11,640`|
|---|---|---|
|||`284,192`|
```
The average monthly number of employees during the year was as follows:
```
```
Employees
```
|`2020`|`2019`|
|---|---|
|`45`|`29`|
```
No employees received emoluments in excess of £60,000.
```
```
Keymanagementpersonnelcomprisethetrustees,theHeadCoachand3teamleaders.The total
employee benefits of the key personnel of the charity were £76,868 (2019 £70,509).
```
## **`13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
|`Unrestricted`
`funds`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`37,264`
**`Charitable activities`**
`General`
`433,423`
`Restricted`
`-`
`Other trading activities`
`37,637`
`Investment income`
`51`
`Other income`
`33,698`
**`Total`**
`542,073`
**`EXPENDITURE ON`**
`Raising funds`
`13,670`
**`Charitable activities`**
`General`
`499,903`
`Restricted`
`-`
**`Total`**
`513,573`
**`NET INCOME/(EXPENDITURE)`**
`28,500`
**`Transfers between funds`**
`(12,397)`
**`Net movement in funds`**
`16,103`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`174,429`
**`TOTAL FUNDS CARRIED FORWARD`**
`190,532`|`Restricted`
`fund`
`£`
`-`
`-`
`109`
`-`
`-`
`-`
`109`
`-`
`-`
`12,506`
`12,506`
`(12,397)`
`12,397`
`-`
`58,614`
`58,614`|`Total`
`funds`
`£`
`37,264`
`433,423`
`109`
`37,637`
`51`
`33,698`|
|---|---|---|
|||`542,182`
`13,670`
`499,903`
`12,506`|
|||`526,079`|
|||`16,103`
`-`|
|||`16,103`
`233,043`|
|||`249,146`|
```
continued...
```
```
Page 12
```
```
Erewash Valley Gymnastics Club Ltd
```
## **`Notes to the Financial Statements - continued for the year ended 31 October 2020`**
## **`14. TANGIBLE FIXED ASSETS`**
|`Freehold`
`property`
`£`
**`COST`**
`At 1 November 2019`
`1,186,150`
`Additions`
`175,153`
`At 31 October 2020`
`1,361,303`
**`DEPRECIATION`**
`At 1 November 2019`
`108,798`
`Charge for year`
`45,169`
`At 31 October 2020`
`153,967`
**`NET BOOK VALUE`**
`At 31 October 2020`
`1,207,336`
`At 31 October 2019`
`1,077,352`
**`15.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade debtors`
`Prepayments and accrued income`
**`16.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Loans and overdrafts (see note 18)`
`Other loans (see note 18)`
`Trade creditors`
`Social security and other taxes`
`Accruals and deferred income`||`Fixtures`
`and`
`fittings`
`£`
`160,900`
`2,581`
`163,481`
`35,139`
`49,437`
`84,576`
`78,905`
`125,761`
`2020`
`£`
`210`
`496`
`706`
`2020`
`£`
`8,433`
`87,996`
`12,219`
`4,423`
`60,234`
`173,305`|`Totals`
`£`
`1,347,050`
`177,734`|`Totals`
`£`
`1,347,050`
`177,734`|`Totals`
`£`
`1,347,050`
`177,734`|
|---|---|---|---|---|---|
||||`1,524,784`|||
||||`143,937`
`94,606`|||
||||`238,543`|||
||||`1,286,241`|||
||||`1,203,113`|||
|||||`2019`
`£`
`47`
`460`
`507`
`2019`
`£`
`8,599`
`91,996`
`147,937`
`7,893`
`34,049`|`2019`
`£`
`47`
`460`|
||||||`507`|
|||||`290,474`||
```
continued...
```
```
Page 13
```
```
Erewash Valley Gymnastics Club Ltd
```
## **`Notes to the Financial Statements - continued for the year ended 31 October 2020`**
## **`17. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**
|`Loans (see note 18)`
`Other loans (see note 18)`
**`18.`**
**`LOANS`**
`An analysis of the maturity of loans is given below:`
`Amounts falling due within one year on demand:`
`Loans`
`Other loans`
`Amounts falling between one and two years:`
`Loans - 1-2 years`
`Other loans - 1-2 years`
`Amounts falling due between two and five years:`
`Loans - 2-5 years`
`Other loans - 2-5 years`
`Amounts falling due in more than five years:`
`Repayable by instalments:`
`Bank loans more 5 yr by instal`
**`19.`**
**`SECURED DEBTS`**
`The following secured debts are included within creditors:`
`Mortgage`|`2020`
`£`
`227,675`
`694,726`
`922,401`
`2020`
`£`
`8,433`
`87,996`
`96,429`
`8,865`
`42,951`
`51,816`
`29,409`
`651,775`
`681,184`
`189,401`
`2020`
`£`
`235,895`|`2019`
`£`
`224,060`
`545,605`|
|---|---|---|
|||`769,665`|
|||`2019`
`£`
`8,599`
`91,996`|
|||`100,595`|
|||`9,039`
`42,951`|
|||`51,990`|
|||`29,986`
`502,654`|
|||`532,640`|
|||`185,035`
`2019`
`£`
`232,659`|
```
AllmoniesdueortobecomeduefromErewashValleyGymnasticsClubLimitedtoCity Trustees
Limited&RobertDavidHarbeyastrusteesforRobertDavidHarbey(CPP)aresecuredbya charge
dated26August2016overlandonthenorthsideofHallamFieldsRoad,Ilkeston,DE7 4AZ
registered under title number DY505018.
```
```
continued...
```
```
Page 14
```
```
Erewash Valley Gymnastics Club Ltd
```
## **`Notes to the Financial Statements - continued for the year ended 31 October 2020`**
## **`20. MOVEMENT IN FUNDS`**
|`At`
`1.11.19`
`£`
**`Unrestricted funds`**
`General fund`
`190,532`
**`Restricted funds`**
`Restricted Fund`
`58,614`
**`TOTAL FUNDS`**
`249,146`
`Net movement in funds, included in the above are as follows:`
`Incoming`
`resources`
`£`
**`Unrestricted funds`**
`General fund`
`460,473`
**`Restricted funds`**
`Restricted Fund`
`27,086`
**`TOTAL FUNDS`**
`487,559`|`Net`
`movement`
`in funds`
`£`
`9,670`
`(12,396)`
`(2,726)`
`Resources`
`expended`
`£`
`(450,803)`
`(39,482)`
`(490,285)`|`At`
`31.10.20`
`£`
`200,202`
`46,218`
`246,420`
`Movement`
`in funds`
`£`
`9,670`
`(12,396)`
`(2,726)`|
|---|---|---|
## **`Comparatives for movement in funds`**
|`At`
`1.11.18`
`£`
**`Unrestricted funds`**
`General fund`
`174,429`
**`Restricted funds`**
`Restricted Fund`
`58,614`
**`TOTAL FUNDS`**
`233,043`
`Comparative net movement in funds, included in the above`
**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted Fund`
**`TOTAL FUNDS`**|`Net`
`Transfers`
`movement`
`between`
`in funds`
`funds`
`£`
`£`
`28,500`
`(12,397)`
`(12,397)`
`12,397`
`16,103`
`-`
`are as follows:`
`Incoming`
`Resources`
`resources`
`expended`
`£`
`£`
`542,073`
`(513,573)`
`109`
`(12,506)`
`542,182`
`(526,079)`|`At`
`31.10.19`
`£`
`190,532`
`58,614`
`249,146`
`Movement`
`in funds`
`£`
`28,500`
`(12,397)`
`16,103`|
|---|---|---|
```
continued...
```
```
Page 15
```
```
Erewash Valley Gymnastics Club Ltd
```
## **`Notes to the Financial Statements - continued for the year ended 31 October 2020`**
## **`20. MOVEMENT IN FUNDS - continued`**
```
A current year 12 months and prior year 12 months combined position is as follows:
```
|**`Unrestricted funds`**
`General fund`
**`Restricted funds`**
`Restricted Fund`
**`TOTAL FUNDS`**|`At`
`1.11.18`
`£`
`174,429`
`58,614`
`233,043`|`Net`
`movement`
`in funds`
`£`
`38,170`
`(24,793)`
`13,377`|`Transfers`
`between`
`funds`
`£`
`(12,397)`
`12,397`
`-`|`At`
`31.10.20`
`£`
`200,202`
`46,218`|
|---|---|---|---|---|
|||||`246,420`|
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
```
|`Incoming`
`Resources`
`resources`
`expended`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`1,002,546`
`(964,376)`
**`Restricted funds`**
`Restricted Fund`
`27,195`
`(51,988)`
**`TOTAL FUNDS`**
`1,029,741`
`(1,016,364)`|`Movement`
`in funds`
`£`
`38,170`
`(24,793)`
`13,377`|
|---|---|
## **`21. RELATED PARTY DISCLOSURES`**
```
EmployeesMissHandMissEMarshallarethedaughtersoftrusteeMrsMMarshall.They received
no remuneration during the year (2019 £5,545).
```
```
EmployeeMrsHVickersisthedaughteroftrusteeMrsJDulston.Shewaspaid remuneration
totalling £12,280 (2019 £22,199) during the year.
```
```
EmployeeMissHGibbsisthedaughteroftrusteeMrsKKearns.Shewaspaid remuneration
totalling £17,013 (2019 £22,393) during the year.
```
```
EmployeesMrHHarbeyandBWHarbeyarethesonsoftrusteeMrsRHarbey.Theywere paid
remuneration totalling £7,975 (2019 £5,958) during the year.
```
```
Interest free loans outstanding to trustees at the 31st October 2019 are:
```
```
Mrs M Marshall £14,000 (2019 £15,000)
Mrs R Harbey £32,000 (2019 £35,000)
```
```
ThroughtheTrusteesoftheCityPensionRobertDavidHarbeyScheme,MrHarbeyprovided the
charitywithamortgagetobuypremisesinIlkestonin2016.Thismortgageisona commercial
basiswithinterestof5%beingcharged.Asat31October2020thecharityowed£235,895to the
pension scheme.
```
```
Duringtheyear,MRHarbeyprovidedadditionalloanstothecharityunderthesame commercial
basisaspreviousloans,withinterestat5%attachedtotheborrowings.Asat31October2020 the
total amount owed to MR R Harbey and associated parties was £680,332.
```
```
Page 16
```
```
Erewash Valley Gymnastics Club Ltd
```
## **`Detailed Statement of Financial Activities`**
## **`for the year ended 31 October 2020`**
|**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Donations`
**`Other trading activities`**
`Fundraising events`
`Shop income`
**`Investment income`**
`Interest Received`
**`Charitable activities`**
`Fees`
`Donated services & facilities`
`Room hire`
`Awards`
`Grants`
**`Other income`**
`Other Income`
`HMRC - Furlough scheme`
`Business grant`
`Sport England`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Raising donations and legacies`**
`Fundraising`
**`Charitable activities`**
`Wages`
`Social security`
`Pensions`
`Rent`
`Rates and water`
`Insurance`
`Light and heat`
`Telephone`
`Sundries`
`Equipment`
`Clothing`
`Competitions`
`Training`
`Refreshments`
`Carried forward`|`2020`
`£`
`2,381`
`8,636`
`6,501`
`15,137`
`19`
`265,092`
`29,455`
`9,025`
`1,788`
`37,307`
`342,667`
`9,720`
`85,635`
`25,000`
`7,000`
`127,355`
`487,559`
`2,123`
`253,196`
`24,281`
`15,331`
`15,210`
`4,845`
`3,240`
`14,553`
`2,043`
`17,458`
`-`
`4,241`
`1,722`
`2,511`
`6,082`
`364,713`|`2019`
`£`
`37,264`
`20,004`
`17,633`|
|---|---|---|
|||`37,637`
`51`
`376,406`
`41,823`
`12,513`
`2,431`
`359`|
|||`433,532`
`33,698`
`-`
`-`
`-`|
|||`33,698`|
|||`542,182`
`13,670`
`263,499`
`9,053`
`11,640`
`20,280`
`10,846`
`3,259`
`23,146`
`1,715`
`32,056`
`843`
`7,185`
`19,221`
`8,657`
`10,043`
`421,443`|
```
This page does not form part of the statutory financial statements
```
```
Page 17
```
```
Erewash Valley Gymnastics Club Ltd
```
## **`Detailed Statement of Financial Activities`**
## **`for the year ended 31 October 2020`**
|**`Detailed Statement of Financial Activities`**
**`for the year ended 31 October 2020`**|||
|---|---|---|
|**`Charitable activities`**
`Brought forward`
`Computer costs`
`Travel`
`Property repairs`
`Mortgage`
**`Support costs`**
**`Finance`**
`Bank charges`
**`Other`**
`Depreciation of tangible fixed assets`
**`Governance costs`**
`Accountancy - Independent examination`
`review`
`Payroll services`
`Total resources expended`
**`Net (expenditure)/income`**|`2020`
`£`
`364,713`
`1,960`
`411`
`6,745`
`11,585`
`385,414`
`4,731`
`94,606`
`2,411`
`1,000`
`3,411`
`490,285`
`(2,726)`|`2019`
`£`
`421,443`
`2,561`
`914`
`12,477`
`11,856`|
|||`449,251`
`5,867`
`54,107`
`3,184`
`-`|
|||`3,184`|
|||`526,079`|
|||`16,103`|
```
This page does not form part of the statutory financial statements
```
```
Page 18
```