ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2022
TRUSTEES ANNUAL REPORT
Objectives & Activities
The Trustees hold Unrestricted Funds to be applied towards the furtherance of the gymnasts or objects as they in their discretion think fit.
To meet their objectives, the Trustees make donations to individuals and the gymnastic school. They receive regular requests for funding, which are considered at that time in accordance with financial information provided to them.
During this Financial Year no donations were made due to a request for funding for a larger project. The request for funding is of a considerable value and may take a number of financial periods to achieve the resources to be able to grant the funding.
Achievements and Performance
Total Incoming Resources were £786.06 (2021 – £11,181.15), with nothing being spent to generate such funds. There were no donations made during the year.
Taking in to account unrealised gains and losses, the net increase in funds during the year ended 31[st] December 2022 was £786.06
Financial Review
Reserves
As the Trustees aim to donate a large percentage of the net income received each year, they do not hold a quantifiable amount as reserves. The value of the funds being held has been ringfenced toward a larger project within the club.
Investments
The only investments held by the Trustees is cash and they do not intend to hold any other investments at this time.
Statement of Financial Activity for the Year Ended 31 December 2022
| INCOMING RESOURCES Voluntary Income Total Incoming Resources RESOURCES EXPENDED Fundraising Expenditure Charitable Expenditure Total Resources Expended Net Incoming/Outgoing Funds for Year Total Funds Brought Forward from Previous Year TOTAL FUNDS CARRIED FORWARD Balance Sheet for the Year Ended 31 December 2022 FIXED ASSETS CURRENT ASSESTS Cash at Bank and on deposit Creditors : Amounts Falling due within 1 Year Uncleared Cheques NET ASSETS AS AT 31st DECEMBER FUNDS Total Funds (See Statement of Financial Activities) |
2022 786.06 786.06 0 786.06 12790.95 13577 2022 2022 £ £ 13577.01 0 0 13577 13577 |
2022 786.06 786.06 0 786.06 12790.95 13577 2022 2022 £ £ 13577.01 0 0 13577 13577 |
2021 11181.15 11181.15 0 11181.15 1609.8 12791 2021 2021 £ £ 12790.95 0 0 12791 12791 |
2021 11181.15 11181.15 0 11181.15 1609.8 12791 2021 2021 £ £ 12790.95 0 0 12791 12791 |
2020 0 0 0 0 1609.8 1609.8 2020 2020 £ £ 1609.8 0 0 1609.8 1609.8 |
2020 0 0 0 0 1609.8 1609.8 2020 2020 £ £ 1609.8 0 0 1609.8 1609.8 |
2019 £ 874.8 874.8 0 740 869.8 1609.8 2019 2019 £ £ 1609.8 0 0 1609.8 1609.8 |
2019 £ 874.8 |
|---|---|---|---|---|---|---|---|---|
| 874.8 | ||||||||
| 0 | ||||||||
| 1609.8 | ||||||||
| 13577 | 12791 | 1609.8 | 1609.8 |
Date Type
05/09/2022 BAC 11/15/2022 BAC 12/22/2022 BAC 12/28/2022 BAC
Description
AMAZON EUROPE CORE, 4378936488973598 AMAZON EUROPE CORE, 5887484376368863 DAWN CRAVEN , CHARITY FUNDS , FP 21/12/22 2014 , 000000000043615769 DAWN CRAVEN , CHARITY NAILS , FP 27/12/22 0902 , 000000000043724907
Total Funds added in year
Value Balance
5 12795.95 16.06 12812.01 500 13312.01 265 13577.01
786.06