| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | 1 | to | 3 | |
| Independent Examiner's |
Report | |||
| Statement of Financial Activities | ||||
| Balance Sheet | ||||
| Cash Flow Statement | ||||
| Notes to the Cash Flow | Statement | |||
| Notes to the Financial Statements | 9 | to | 16 | |
| Detailed Statement of Financial Activities | 17 | to | 18 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | fund | funds | funds | |||
| Notes | E | E | E | E | ||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
1,438 | 1,439 | 2,381 | |||
| Charitable activities |
||||||
| General | 295,469 | 295,469 | 315,582 | |||
| Restricted | 15,202 | 15,202 | 27,085 | |||
| Other trading activities |
12,284 | 12,284 | 15,137 | |||
| Investment income |
19 | |||||
| Other income | 183,298 | 183,298 | 127,355 | |||
| Total | 492,489 | 15,203 | 507,692 | 487,559 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 884 | 884 | 2,123 | |||
| Charitable activities |
||||||
| General | 556,333 | 556,333 | 448,680 | |||
| Restricted | 15,535 | 15,535 | 39,482 | |||
| Total | 557,217 | 15,535 | 572,752 | 490,285 | ||
| NET INCOME/(EXPENDITURE) | (64,728) | (332) | (65,060) | (2,726) | ||
| Transfers between funds |
20 | 45,886 | (45,886) | |||
| Net movement in funds |
(18,842) | (46,218) | (65,060) | (2,726) | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward | 200,202 | 46,218 | 246,420 | 249,146 | ||
| TOTAL FUNDS CARRIED FORWARD | 181,360 | 181,360 | 246,420 |
| Erewash Valley Gymnastics Clu |
b Ltd | ||
|---|---|---|---|
| Cash Flow Statement | |||
| for the year ended 31October | 2021 | ||
| 2021 | 2020 | ||
| Notes | 6 | 6 | |
| Cash flows from operating | activities | ||
| Cash generated from operations 1 |
(25,347) | (16,503) | |
| Interest paid |
(7,097) | (4,819) | |
| Net cash used in operating activities |
(32,444) | (21,322) | |
| Cash flows from investing | activities | ||
| Purchase oftangible fixed assets |
(22,336) | (177,734) | |
| Net cash used in investing activities |
(22,336) | (177,734) | |
| Cash flows from financing | activities | ||
| New loans in year |
161,000 | ||
| Loan repayments in year |
(19,196) | ||
| Interest charged but not paid |
7,096 | 6,766 | |
| Net cash provided by financing |
activities | 7,096 | 148,570 |
| Change in cash and cash |
|||
| equivalents in the reporting |
period | (47,684) | (50,486) |
| Cash and cash equivalents | at the | ||
| beginning ofthe reporting |
period | 55,179 | 105,665 |
| Cash and cash equivalents | at the | ||
| end ofthe reporting period |
7,495 | 55,179 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| 6 | 6 | ||||
| Net expenditure for the reporting |
period (as | per the | |||
| Statement Adjustments |
of Financial Activities) for: |
(65,060) | (2,726) | ||
| Depreciation | charges | 143,122 | 94,606 | ||
| Interest paid |
7,097 | 4,819 | |||
| Increase in debtors Decrease in creditors |
(1,847) (108,659) |
(199) (113,003) |
|||
| Net cash used in operations | (25,347) | (16,503) | |||
| ANALYSIS OF CHANGES IN NET DEST | |||||
| At' 1.11.20 | Cash flow | At 31.10.21 | |||
| 6 | 6 | I | |||
| Net cash | |||||
| Cash at bank | and in hand |
55,179 | (47,684) | 7,495 | |
| 55,179 | (47,684) | 7,495 | |||
| Debt | |||||
| Debts falling | due within 1year |
(96,429) | 68,641 | (27,788) | |
| Debts falling | due after 1year | (922,401) | (17,144) | (939,545) | |
| (1,018,830) | 51,497 | (967,333) | |||
| Total | (963,651) | 3,813 | (959,838) |
| Erewash Valley Gymnastics Club Ltd |
||||||||
|---|---|---|---|---|---|---|---|---|
| Notes tothe Financial Statements - continued | ||||||||
| for the year ended 31October 2021 | ||||||||
| 2. | DONATIONS | AND | LEGACIES | |||||
| 2021 | 2020 | |||||||
| E | E | |||||||
| Donations | 1,439 | 2,381 | ||||||
| 3. | OTHER | TRADING | ACTIVITIES | |||||
| 2021 | 2020 | |||||||
| E | E | |||||||
| Fundraising | events | 3,345 | 8,636 | |||||
| Shop income | 8,939 | 6,501 | ||||||
| 12,284 | 15,137 | |||||||
| 4. | INVESTMENT | INCOME | ||||||
| 2021 | 2020 | |||||||
| E | E | |||||||
| Interest | Received | 19 | ||||||
| 5. | INCOME FROM | CHARITABLE ACTIVITIES | ||||||
| 2021 | 2020 | |||||||
| Activity | E | E | ||||||
| Fees Donated |
services | 8 | General | 257,549 | 265,092 | |||
| facilities | General | 28,617 | 29,455 | |||||
| Room hire | General | 8,673 | 9,025 | |||||
| Awards | General | 629 | 1,788 | |||||
| Grants | General | 1 | 10,222 | |||||
| Grants | Restricted | 15,202 | 27,085 | |||||
| 310,671 | 342,667 | |||||||
| 6. | OTHER | INCOME | ||||||
| 2021 | 2020 | |||||||
| E | ||||||||
| Other Income | 15,756 | 9,720 | ||||||
| HMRC - Furlough | scheme | 87,356 | 85,635 | |||||
| Business | grant | 72,275 | 25,000 | |||||
| Sport England | 7,911 | 7,000 | ||||||
| 183,298 | 127,355 |
| SUPPORT COSTS | ||||
|---|---|---|---|---|
| Governance | ||||
| Finance | Other | costs | Totals | |
| E | E | |||
| General | 1,331 | 127,587 | 2,413 | 131,331 |
| Restricted | 15,535 | 15,535 | ||
| 1,331 | 143,122 | 2,413 | 146,866 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| E | ||||||
| Accountancy | - | Independent | examination | review | 2,413 | 2,411 |
| Depreciation | - | owned assets | 118,754 | 94,606 | ||
| Other operating | leases | 19,140 | 15,210 |
| STAFF COST | S | |||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| 6 | 6 | |||||||
| Wages and salaries | 270,836 | 253,196 | ||||||
| Social security | costs | 40,486 | 24,281 | |||||
| Other pension | costs | 15,899 | 15,331 | |||||
| 327,221 | 292,808 | |||||||
| The average | monthly | number | of employees | during | the year was as follows: | |||
| 2021 | 2020 | |||||||
| Employees | 43 | 45 |
| COMPARATIVES FOR | THE ST | ATEMENT OF FIN | ANCIAL ACTIVITIES | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | fund | funds | |||
| 6 | 6 | ||||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies |
2,380 | 2,381 | |||
| Charitable activities |
|||||
| General | 315,582 | 315,582 | |||
| Restricted | 27,085 | 27,085 | |||
| Other trading activities |
15,137 | 15,137 | |||
| Investment income |
19 | 19 | |||
| Other income | 127,355 | 127,355 | |||
| Total | 460,473 | 27,086 | 487,559 | ||
| EXPENDITURE ON | |||||
| Raising funds | 2,123 | 2,123 | |||
| Charitable activities |
|||||
| General | 448,680 | 448,680 | |||
| Restricted | 39,482 | 39,482 | |||
| Total | 450,803 | 39,482 | 490,285 | ||
| NET INCOME/(EXPENDITURE) | 9,670 | (12,396) | (2,726) | ||
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought | forward | 190,532 | 58,614 | 249,146 | |
| TOTAL FUNDS CARRIED FORWARD | 200,202 | 46,218 | 246,420 |
| 14. | TANGIBLE FIXEDA | SSE | TS | ||||
|---|---|---|---|---|---|---|---|
| Fixtures | |||||||
| Freehold | and | ||||||
| property | fittings f |
Totals f |
|||||
| COST | |||||||
| At 1 November 2020 |
1,361,303 | 163,481 | 1,524,784 | ||||
| Additions | 13,283 | 9,053 | 22,336 | ||||
| At 31 October 2021 | 1,374,586 | 172~534 | 1~547~120 | ||||
| DEPRECIATION | |||||||
| At 1 November 2020 |
153,967 | 84,576 | 238,543 | ||||
| Charge ior year | 67,338 | 51,416 | 118,754 | ||||
| At 31October 2021 | 221,305 | 135,992 | 357,297 | ||||
| NET BOOK VALUE | |||||||
| At 31October 2021 | 1,153,281 | 36,542 | 1,189,823 | ||||
| At 31October 2020 | 1,207,336 | 78~905 | 1~286~241 | ||||
| 15. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 2021 f |
2020 f |
||||||
| Trade debtors | 991 | 210 | |||||
| Prepayments and accrued |
income | 1,562 | 496 | ||||
| 2,553 | 706 | ||||||
| 16. | CREDITORS: AMOUNTS | FALLING DUE WITHIN | ONE YEAR | ||||
| 2021 | 2020 | ||||||
| f | f | ||||||
| Loans and overdrafts | (see | note 18) | 8,433 | ||||
| Other loans (see note | 18) | 27,788 | 87,996 | ||||
| Trade creditors | 6,945 | 12,219 | |||||
| Social security and other taxes | 4,138 | 4,423 | |||||
| Accruals and deferred | income | 40,095 | 60,234 | ||||
| 78,966 | 173,305 | ||||||
| 17. | CREDITORS: AMOUNTS | FALLING DUE AFTER MORE THAN ONE YEAR | |||||
| 2021 | 2020 | ||||||
| f | f | ||||||
| 227,675 | |||||||
| 939,545 | 694,726 | ||||||
| 939,545 | 922,401 |
| An analysis ofthe maturit |
y of |
loans is g |
iven below: | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Amounts falling due within one year on |
demand'. | ||||
| Loans | 8,433 | ||||
| Otherloans | 27,788 | 87,996 | |||
| 27,788 | 96,429 | ||||
| Amounts falling between |
one | and two years: | |||
| Loans - 1-2years Other loans - 1-2 years |
14,000 | 8,865 42,951 |
|||
| 14,000 | 51,816 | ||||
| Amounts falling due between |
two and five years: | ||||
| Loans - 2-5 years | 29,409 | ||||
| Otherloans - 2-5 years |
925,545 | 651,775 | |||
| 925,545 | 681,184 | ||||
| Amounts falling due in more than five years: |
|||||
| Repayable by instalments: |
|||||
| Bank loans more 5 yr by | instal | 189,401 | |||
| SECURED DEBTS | |||||
| The following secured debts are included |
within creditors: | ||||
| 2021 f |
2020 f |
||||
| Mortgage | 235,895 |
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| At | movement | between | At | |
| 1.11.20 f |
in funds f |
funds f |
31.10.21 f |
|
| Unrestricted funds |
||||
| General fund |
200,202 | (64,728) | 45,886 | 181,360 |
| Restricted funds | ||||
| Restricted Fund |
46,218 | (332) | (45,886) | |
| TOTAL FUNDS | 246,420 | (65,060) | 181,360 |
| Net movement in funds, included in the |
above are as follows: | ||
|---|---|---|---|
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| E | E | E | |
| Unrestricted funds |
|||
| General fund |
492,489 | (557,217) | (64,728) |
| Restricted funds | |||
| Restricted Fund |
15,203 | (15,535) | (332) |
| TOTAL FUNDS | 507,692 | (572,752) | (65,060) |
| Comparati | ves | for movement in funds |
|||
|---|---|---|---|---|---|
| Net | |||||
| At | movement | At | |||
| 1.11.19 | in funds | 31.10.20 | |||
| E | E | ||||
| Unrestricted | funds | ||||
| General fund | 190,532 | 9,670 | 200,202 | ||
| Restricted | funds | ||||
| Restricted | Fund | 58,614 | (12,396) | 46,218 | |
| TOTAL FUNDS | 249,146 | (2,726) | 246,420 |
| Comparative net movement in funds, in |
cluded in the above are as follow |
s: | |
|---|---|---|---|
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| E | E | E | |
| Unrestricted funds |
|||
| General fund |
460,473 | (450,803) | 9,670 |
| Restricted funds | |||
| Restricted Fund |
27,086 | (39,482) | (12,396) |
| TOTAL FUNDS | 487,559 | (490,285) | (2,726) |
| A curren | t | yea | r 12months and pr |
ior year 12 months comb |
ined position is |
as follows: | |
|---|---|---|---|---|---|---|---|
| Net | Transfers | ||||||
| At' | movement | between | At | ||||
| 1.11.19 | in funds | funds | 31.10.21 | ||||
| E | E | E | |||||
| Unrestricted | funds | ||||||
| General | fund | 190,532 | (55,058) | 45,886 | 181,360 | ||
| Restricted | funds | ||||||
| Restricted | Fund | 58,614 | (12,728) | (45,886) | |||
| TOTAL | FUNDS | 249,146 | (67,786) | 181,360 |
| A current year 12 months and prior yea the above are as follows: |
r 12 months combined net m |
ovement in fund |
s, included |
|---|---|---|---|
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| E | E | ||
| Unrestricted funds |
|||
| General fund |
952,962 | (1,008,020) | (55,058) |
| Restricted funds | |||
| Restricted Fund |
42,289 | (55,017) | (12,728) |
| TOTAL FUNDS | 995,251 | (1,063,037) | (67,786) |
for the year ended 31 |
October 2021 |
|||
|---|---|---|---|---|
| 2021 | 2020 | |||
| E | 5 | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and |
legacies | |||
| Donations | 1,439 | 2,381 | ||
| Other trading activities | ||||
| Fundraising events |
3,345 | 8,636 | ||
| Shop income | 8,939 | 6,501 | ||
| 12,284 | 15,137 | |||
| Investment income |
||||
| Interest Received | 19 | |||
| Charitable activities |
||||
| Fees | 257,549 | 265,092 | ||
| Donated services | si | facilities | 28,617 | 29,455 |
| Room hire | 8,673 | 9,025 | ||
| Awards | 629 | 1,788 | ||
| Grants | 15,203 | 37,307 | ||
| 310,671 | 342,667 | |||
| Other income | ||||
| Other Income | 15,756 | 9,720 | ||
| HMRC - Furlough | scheme | 87,356 | 85,635 | |
| Business grant | 72,275 | 25,000 | ||
| Sport England | 7,911 | 7,000 | ||
| 183,298 | 127,355 | |||
| Total incoming | resources | 507,692 | 487,559 | |
| EXPENDITURE | ||||
| Raising donations | and legacies | |||
| Fundraising | 884 | 2,123 | ||
| Charitable activities |
||||
| Wages | 270,836 | 253,196 | ||
| Social security | 40,486 | 24,281 | ||
| Pensions | 15,899 | 15,331 | ||
| Rent | 19,140 | 15,210 | ||
| Rates and water | 3,355 | 4,845 | ||
| Insurance | 2,955 | 3,240 | ||
| Light and heat | 16,980 | 14,553 | ||
| Telephone | 4,396 | 2,043 | ||
| Sundries | 17,694 | 17,458 | ||
| Clothing | 8,951 | 4,241 | ||
| Competitions | 1,404 | 1,722 | ||
| Training | 3,544 | 2,511 | ||
| Refreshments | 1,460 | 6,082 | ||
| Computer costs |
1,495 | 1,960 | ||
| Travel | 32 | 411 | ||
| Cardied forward | 408,627 | 367,084 |
| Erewash Valley Gymnastics Club Ltd |
|||||
|---|---|---|---|---|---|
| Detailed Statement of Financial Activities | |||||
| for the year ended 31October 2021 | |||||
| 2021 | 2020 | ||||
| 6 | |||||
| Charitable activities |
|||||
| Brought forward | 408,627 | 367,084 | |||
| Property repairs |
9,278 | 6,745 | |||
| Mortgage | 7,097 | 11,585 | |||
| 425,002 | 385,414 | ||||
| Support costs | |||||
| Finance | |||||
| Bank charges | 1,331 | 4,731 | |||
| Other | |||||
| Depreciation | oftangible | fixed assets | 143,122 | 94,606 | |
| Governance | costs | ||||
| Accountancy | - Independent | examination | |||
| review | 2,413 | 2,411 | |||
| Payroll services | 1,000 | ||||
| 2,413 | 3,411 | ||||
| Total resources | expended | 572,752 | 490,285 | ||
| Net expenditure | (65,060) | (2,726) |