##
||||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)|