**Charity Registration No. 1168783**
## **ASG COMMUNITY GYMNASTICS CLUB**
## **CHARITABLE INCORPORATED ORGANISATION**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 5 APRIL 2021**
**ASG COMMUNITY GYMNASTICS CLUB CHARITABLE INCORPORATED ORGANISATION LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|J Parry|
|---|---|
||S McGranaghan|
||S Cox|
|**Charity number**|1168783|
|**Principal address**|Arch 11 Byron Close|
||Thamesmead|
||Kent|
||SE28 8AA|
|**Independent examiner**|Baxter & Co|
||Lynwood House|
||Crofton Road|
||Orpington|
||Kent|
||BR6 8QE|
**ASG COMMUNITY GYMNASTICS CLUB CHARITABLE INCORPORATED ORGANISATION CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 13|
**ASG COMMUNITY GYMNASTICS CLUB CHARITABLE INCORPORATED ORGANISATION TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 5 APRIL 2021**_
The trustees present their report and financial statements for the year ended 5 April 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
## **Objectives and activities**
The charity's objective is the promotion of community participation in healthy recreation in particular by the provision of facilities for the participation of gymnastics.
The main activities undertaken for the public benefit have been providing recreational gymnastics classes to the local community, and providing fun days and gymnastics events for children of all ages.
The policies adopted in furtherance of these objects are as per the governing document.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
The charity now has over 250 members participating in weekly classes including pre-school aged children, teenagers, adults and children with both physical and learning disabilities. We also run gymnastics themed birthday parties, which have been very popular with both existing members and new clients.
## **Achievements and performance Financial review**
Due to Covid restrictions and periods of closure in lockdown the number of children attending classes was dramatically reduced. This is also reflected in the reduced salaries of employees. We still maintained a level of gymnasts to support the club along with grants from the government to help fund the gymnastics club re-opening.
.
During the period, income including grants totalled £173,429 (2020: £168,397) with total expenses being £112,256 (2020: £188,485), this has resulted in a surplus for the period of £61,173 (2020 : deficit of £20,088).
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The charity is a Charitable Incorporated Organisation (CIO) and was established by a charitable trust deed on 15 August 2016.
The trustees who served during the year and up to the date of signature of the financial statements were: J Parry S McGranaghan S Cox
Trustees are selected for their skills, knowledge and experience that the charity requires. They are appointed initially for a term of 3 years by a resolution passed at a meeting of the charity trustees.
The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
- 1 -
## **ASG COMMUNITY GYMNASTICS CLUB CHARITABLE INCORPORATED ORGANISATION TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2021**_
The trustees' report was approved by the Board of Trustees.
**J Parry** Trustee Dated: 7 September 2022
- 2 -
**ASG COMMUNITY GYMNASTICS CLUB CHARITABLE INCORPORATED ORGANISATION INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF ASG COMMUNITY GYMNASTICS CLUB**
I report to the trustees on my examination of the financial statements of ASG Community Gymnastics Club (the charity) for the year ended 5 April 2021.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Baxter & Co
Lynwood House Crofton Road Orpington Kent BR6 8QE
Dated: 7 September 2022
- 3 -
## **ASG COMMUNITY GYMNASTICS CLUB CHARITABLE INCORPORATED ORGANISATION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 5 APRIL 2021**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**|**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**|**Total**
Unrestricted
Restricted|**Total**
Unrestricted
Restricted|**Total**
Unrestricted
Restricted|Total
2020
**£**
2,474
165,923
168,397
188,485|
|---|---|---|---|---|---|---|
||**funds**|**funds**||funds|funds||
||**2021**|**2021**|**2021**|2020|2020||
||**£**|**£**|**£**|**£**|**£**||
|**Income from:**|||||||
|Donations and legacies
**3**|91,214|-|91,214|2,474|-||
|Charitable activities
**4**|82,215|-|82,215|165,923|-||
||||||||
|**Total income**|173,429|-|173,429|168,397|-||
|**Expenditure on:**|||||||
|Charitable activities
**5**|108,800|3,456|112,256|182,726|5,759||
|**Net income/(expenditure) for**
**the year/**|64,629||61,173||||
|**Net movement in funds**||(3,456)||(14,329)|(5,759)|(20,088)|
|Fund balances at 6 April
2020
**Fund balances at 5**
**April 2021**||||||45,226
25,138|
||2,101|23,037|25,138|16,430|28,796||
||||||||
||66,730|19,581|86,311|2,101|23,037||
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 4 -
## **ASG COMMUNITY GYMNASTICS CLUB CHARITABLE INCORPORATED ORGANISATION BALANCE SHEET**
## _**AS AT 5 APRIL 2021**_
|**Notes**|**2021**||**2020**|**£**
31,127
4,894
36,021|
|---|---|---|---|---|
||**£**|**£**|**£**||
||||||
|**Fixed assets**|||||
|Tangible assets
**9**
**Current assets**|1,915
47,990
49,905
(1,800)|38,206
48,105
86,311
-
86,311
19,581
66,730
86,311|||
|Debtors
**10**|||||
|Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**11**|||||
|Net current assets|||||
|**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**12**
**Net assets**|||||
|**Income funds**|||||
|Restricted funds
**13**|||||
|Unrestricted funds|||||
||||||
The financial statements were approved by the Trustees on 7 September 2022
J Parry **Trustee**
- 5 -
**ASG COMMUNITY GYMNASTICS CLUB CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS**
## _**FOR THE YEAR ENDED 5 APRIL 2021**_
## **1 Accounting policies**
## **Charity information**
ASG Community Gymnastics Club is a Charitable Incorporated Organisation (CIO) and is governed by its trust deed dated 15 August 2016.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are for the installation of a trampoline and high bar area at the gym.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Grant income is restricted and can only be used for the specific purpose detailed in the grant documents.
- 6 -
**ASG COMMUNITY GYMNASTICS CLUB CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2021**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis. All expenses including support and governance costs are allocated to the applicable expenditure headings.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 15% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 7 -
**ASG COMMUNITY GYMNASTICS CLUB CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 5 APRIL 2021**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
|**Unrestricted**
Unrestricted
**funds**
funds
**2021**
2020
**£**
£|**Unrestricted**
Unrestricted
**funds**
funds
**2021**
2020
**£**
£|**Unrestricted**
Unrestricted
**funds**
funds
**2021**
2020
**£**
£|
|---|---|---|
||**funds**|funds|
||||
||**2021**|2020|
||**£**|£|
||||
|Donations and gifts|11,277|2,474|
|Other grants|79,937|-|
||||
||||
||91,214|2,474|
- 8 -
**ASG COMMUNITY GYMNASTICS CLUB CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 5 APRIL 2021**_
## **4 Charitable activities**
|**Charitable**
**Income**
**Charitable**
**Income**
**2021**
**2020**
**£**
**£**
Membership fees
2,850
8,362
Merchandise income
1,960
5,164
Hire of hall
7,934
7,540
Freelance coaches fees
-
15,901
Gymnastic lessons
69,471
128,956
82,215
165,923|**Charitable**
**Income**
**Charitable**
**Income**
**2021**
**2020**
**£**
**£**
Membership fees
2,850
8,362
Merchandise income
1,960
5,164
Hire of hall
7,934
7,540
Freelance coaches fees
-
15,901
Gymnastic lessons
69,471
128,956
82,215
165,923|
|---|---|
||**2021**|
||**£**|
|||
||2,850|
||1,960|
||7,934|
||-|
|Gymnastic lessons|69,471|
|||
||82,215|
All charitable income noted above is unrestricted.
## **5 Charitable activities**
|**Charitable**
**Expenditure**
**Charitable**
**Expenditure**
**2021**
**2020**
**£**
**£**
Depreciation and impairment
6,743
7,782
Share of support costs (see note 6)
103,913
179,203
Share of governance costs (see note 6)
1,600
1,500
112,256
188,485
**Analysis by fund**
Unrestricted funds
108,800
182,726
Restricted funds
3,456
5,759
112,256
188,485|**Charitable**
**Expenditure**
**Charitable**
**Expenditure**
**2021**
**2020**
**£**
**£**
Depreciation and impairment
6,743
7,782
Share of support costs (see note 6)
103,913
179,203
Share of governance costs (see note 6)
1,600
1,500
112,256
188,485
**Analysis by fund**
Unrestricted funds
108,800
182,726
Restricted funds
3,456
5,759
112,256
188,485|
|---|---|
||**2021**|
||**£**|
|||
|Depreciation and impairment|6,743|
|||
|Share of support costs (see note 6)|103,913|
|Share of governance costs (see note 6)|1,600|
|**Analysis by fund**||
||112,256|
|||
|Unrestricted funds|108,800|
|Restricted funds|3,456|
|||
||112,256|
- 9 -
**ASG COMMUNITY GYMNASTICS CLUB CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 5 APRIL 2021**_
## **6 Support costs**
||**Support**
**costs**
**Governance**
**costs**|**Support**
**costs**
**Governance**
**costs**|**2021**
Support costs
Governance
costs|**2021**
Support costs
Governance
costs|**2021**
Support costs
Governance
costs|2020|
|---|---|---|---|---|---|---|
||||||||
||**£**|**£**|**£**|£|£|£|
||||||||
|Staff costs|70,249|-|70,249|130,056|-|130,056|
|Coaches, training
and membership
fees|||||||
||1,880|-|1,880|1,139|-|1,139|
|Gym supplies|7,465|-|7,465|10,360|-|10,360|
|Website and
internet fees|||||||
||1,817|-|1,817|2,069|-|2,069|
|Printing, postage
and stationery|||||||
||1,175|-|1,175|2,917|-|2,917|
|Repairs,
maintenance and
cleaning|||||||
||5,071|-|5,071|2,147|-|2,147|
|Accountancy|-|1,600|1,600|-|1,500|1,500|
|Advertising|426|-|426|272|-|272|
|Motor expenses|5,075|-|5,075|270|-|270|
|Sundry expenses|1,122|-|1,122|835|-|835|
|Bank charges|-|-|-|259|-|259|
|Property costs|9,087|-|9,087|28,879|-|28,879|
|Telephone|296|-|296|-|-|-|
|Legal and
professional fees|||||||
||250|-|250|-|-|-|
||||||||
||||||||
||103,913|1,600|105,513|179,203|1,500|180,703|
Governance costs includes a payment of £1,600 (2020 : £1,500) for independent examination fees.
## **7 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **8 Employees**
The average monthly number of employees during the year was:
||**2021**|**2020**|
|---|---|---|
||**Number**|**Number**|
||||
||9|21|
||||
||||
|**Employment costs**|**2021**|**2020**|
||**£**|**£**|
||||
|Wages and salaries|70,249|130,056|
- 10 -
**ASG COMMUNITY GYMNASTICS CLUB CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 5 APRIL 2021**_
|**9**
**Tangible fixed assets**|||
|---|---|---|
|**Cost**
At 6 April 2020
Additions
At 5 April 2021
**Depreciation and impairment**
At 6 April 2020
Depreciation charged in the year
At 5 April 2021
**Carrying amount**
At 5 April 2021
At 5 April 2020
**10**
**Debtors**
**Amounts falling due within one year:**
Other debtors
**11**
**Creditors: amounts falling due within one year**|**Fixtures and fittings**||
|||**£**|
||||
|||48,299|
|||13,821|
||||
||||
|||62,120|
||||
||||
|||17,172|
|||6,742|
||||
||||
|||23,914|
||||
||||
|||38,206|
||||
||||
|||31,127|
||||
||||
||**2021**|**2020**|
||**£**|**£**|
||||
||1,915|-|
||||
||||
|Accruals and deferred income
All liabilities relate to unrestricted funds.
**12**
**Creditors: amounts falling due after more than one year**
Other creditors|**2021**|**2020**|
||**£**|**£**|
||||
||1,800|5,002|
||||
||||
||||
||||
||**2021**|**2020**|
||**£**|**£**|
||||
||-|10,883|
The amount due to related parties was included in creditors falling due after more than one year in 2020, due to the related party agreeing that the creditor will only have to be repaid once the Charity is in such a position to do so that it will not affect the going concern of the Charity.
- 11 -
## **ASG COMMUNITY GYMNASTICS CLUB CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 5 APRIL 2021**_
## **13 Restricted funds**
The income funds of the charity include restricted funds and unrestricted funds comprising the following unexpended balances of donations, grants and fixed assets held on trust for specific purposes:
|**Balance at**
**6 April 2019**
**r**
**£**|**Balance at**
**6 April 2019**
**r**
**£**|**Movement in funds**|**Movement in funds**|||**Movement in funds**|**Movement in funds**|||
|---|---|---|---|---|---|---|---|---|---|
|||**Incoming**
**esources**
**Resources**
**expended**||**Transfers**
**Balance at**
**6 April 2020**
**r**||**Incoming**
**esources**
**Resources**
**expended**||**Transfers**
**Balance at**
**5 April 2021**||
||**£**|**£**
**£**||**£**|**£**|**£**
**£**||**£**|**£**|
|||-
(5,759)
168,397
(180,703)
-
(2,023)
168,397
(188,485)||||-
(3,456)
173,429
(105,513)
-
(3,287)
173,429
(112,256)||||
|Restricted Funds - Fixed Assets|28,796|||-|23,037|||-|19,581|
|Unrestricted Funds - Spendable|7,667|||(1,350)|(5,989)|||(13,822)|48,105|
|Unrestricted Funds - Fixed Assets|8,763||(2,023)|1,350|8,090||(3,287)|13,822|18,625|
|||||||||||
|||||||||||
||45,226|||-|25,138|||-|86,311|
Funds noted above represent both amounts available for spending and amounts invested in fixed assets by the charity.
Spendable funds relate to amounts available for spending by the charity to further its charitable objectives. Fixed asset funds represent the net book value of tangible assets purchased.
- 12 -
## **ASG COMMUNITY GYMNASTICS CLUB CHARITABLE INCORPORATED ORGANISATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 5 APRIL 2021**_
|**14**
**Analysis of net assets between funds**|**14**
**Analysis of net assets between funds**|**14**
**Analysis of net assets between funds**|**Total**
Unrestricted
funds
Restricted
funds
Total
**2021**
2020
2020
2020
**£**
£
£
£
38,206
8,090
23,037
31,127
48,105
4,894
-
4,894|**Total**
Unrestricted
funds
Restricted
funds
Total
**2021**
2020
2020
2020
**£**
£
£
£
38,206
8,090
23,037
31,127
48,105
4,894
-
4,894|**Total**
Unrestricted
funds
Restricted
funds
Total
**2021**
2020
2020
2020
**£**
£
£
£
38,206
8,090
23,037
31,127
48,105
4,894
-
4,894|**Total**
Unrestricted
funds
Restricted
funds
Total
**2021**
2020
2020
2020
**£**
£
£
£
38,206
8,090
23,037
31,127
48,105
4,894
-
4,894|
|---|---|---|---|---|---|---|
|**Unrestricted**
**funds**
**Restricted**
**funds**
**2021**
**2021**
**£**
**£**
Fund balances at 5
April 2021 are
represented by:
Tangible assets
18,625
19,581
Current assets/(liabilities)
48,105
-
Long term liabilities
-
-
66,730
19,581|||||||
||**2021**|**2021**|**2021**
2020||||
||**£**|**£**|**£**
£||||
||||||||
||18,625|19,581|38,206
8,090||||
||48,105|-|48,105
4,894||||
||-|-|-
(10,883)||-
(10,883)
23,037
25,138||
|||||||25,138|
||66,730|19,581|86,311|2,101|23,037||
Restricted funds are for the purchase and installation of trampoline and high bar area at the gym.
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