NORTH WALSHAM GYMNASTICS CLUB {A private cornpany limiled by guarantee) REPORT AND FINANCIAL STATEMENTS FOR TFE YEAR ENDED 31 CIECEMBER 2021 Charity Number. 1171166 Cornpany Registratlon Number. 09626412 'A80YH4PU" 3110312022 COMPANIES HOUSE 25
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NORTh WALSHAM GYMNASTICS CLUB copirENTS OF THE FINANCIAL STATEME15 for the year ended 31 December 2021 Page Legal and &jm1nwtratp informati Report of the Trustees Rewrt ofthe Independent EK8mwiws statent of Fin¢ Activi Balan Sheet Notes to the Finanua Statemems 7-13
NORTH WALSHAM GYMNASTICS CLUB LEGAL AND ADPIJNISTRATIVE INFORMATK)N forthe year ended 31 December 2021 Reglstered Charlty Name: NNth Walsham GymnastS Club RegiBtor•d ¢h•rity numb•r. 1171166 Reglstered Company number. 0¥)26412 Roglstwed olfice: 12 Lirr Tree Road North Wa&he4n Norfo NR28 9DY Place of business: 4 Ccmi%h Way Business Pa North Walsh Norfo NR28 OAW Trusttts: Mr Michael Brooks Urs Theresa Freerren Mr$ Patrica Johnson Ms Donna Yarham Mr Neal Hayes-Bradley Mrs Tina Casbwn Key Manag•m•nt Personnel: Mrs Alexi5 Thurslon (Head Coxh} Solicitors: Hansells so1110r$ Canada House Grammar SdKl RcA1 North Walshwn NR28 9JH Indend•fit Examiners: Sexty & Co Chartered Certifd AcCntants 124 Thofpe Road ich Norfolk NR11RS
NORTh WALSHAM GYMNASTICS CLUB REPORT OF THE TRUSTEES for Ihe year ended 31 Decenknr 2021 The Trustees present their reFQrt with the financial slalerrents crf the tharity forthe year enijed 31 December 2021. STATUS North Walsham Gymnastics Club is a company limited by guarantee and was incorwraled on S June 2015. The company is an incorporated cttarrty registered wth the Chanty Commisstin (Registrat)n No. 11711661. It is governed by Is Memorandum aNJ Aitth dAssoc41)n. PRINCIPLE ACTIVI The principle activty of North Walsh&n Gymnastv Club is to prmte part1paIn in the amateur sport of gymnastics including General. Wom8n's Artisti¢, Men's Artist. Disabilty Gymnastics Prevschool to provide faciliiies wthin Nc¥th WaL%ham and North Norfdk for the benefrt of MberS throughout thg communty. To wtsure adequate r¢es. coaching and welrare we awa1kb to all members and other bodies. CHARITABLE OBJECTS To promote community parti¢ipatk)n in heamhy recreation for the bènefrts of the inhabrtants of North Walsham and the surrourKling area. by the provision off¥iths forthe sw1 of amateur gymnastics and other charitsble tivities. OBJECTIVES AND ACTivmES North WaL8ham Gymnastics Club is a registered charity which provides a fun, safe and nurturing environment to obtain the essential fourKlalion skills bn gyast. The essent1 skills provrded enab young people to exceed their expectations, develop self-esteem and realise Ihwr potential. The club offers a varted gymnastic5 and cOndaning program from soc¢al 9ymnasti¢s through to competrtive gymnastics with pri options for all levels of inte51. but wrth greater enwhasis on group classes. The Club's ¢oa¢hes have ae$S to ¢ontinual training with some of the area's tcy professal coaches, thbs provwjes the students yh Up-t(date moves and techniques. The Club weknme5 a dr¥ersty of ple and maintains a non-smokirvJ and alcoP¥)Vdrug free environment. PLIBUC BENEFIT STATEMENT The Trustees have regard to the CharY Commhss,s public benefrt guidance. ACHIEVEMENTS AND PERFORMANCE North Walsham Gymnast Club has a total of 282 recrthkn membets. 97 CcffipetrtNefinlemediate and 51 pre-schcd. This totsls 430 mernbers in all. We have 17 coaches rwgirwJ fron levd O to Level 4 Coathing on a part t1 basis. Althwgh our volunteer numbers have been restrKted due to Covid res1rKat$. we hcpe to in this area during 2022. The Leadership Aeademy hosts successfij fun sessions to members arKI rKIn4MberS each haw temi. Our young leaders ranging from 1>16 y5 okl attwwj coxhing and safdy Courses to their technical knowledge. Wrth all courses suspervjed during 2020r21 we were abl8 to resume th8se at the end of 2021 with thre8 coaches passing Ihw level 1 quafifi¢alion with 3 mcffe currently on ¢our5es. TIMJ coache5 are on their level 2 cJr$e at present. Although the vwing aa was dosed during the th>19 pandernic. restrKtions are easin9 wilh one viewing Se5Sn per haw term.
NORTH WALSHAM GYMNASTICS CLUB REPORT OF THE TRUSTEES for the yeai ended 31 December 2021 (cOnllnu) ACHIEVEMENTS AND PERFORMANCE Icontinued) Followng a long break, compelrtwe gyTrnastiCS rUrr in OctoberlNovember 2021 with mixed resulls. NWGC wll host its in-house competrtion thts Marth 2022. gNing an OPFQrtunty for familie5 and fn.ends of gymnasts lo watch. Our Welfare Team are keeping up to dat8 with o)urses aThJ indNKlual needs wrthin the Club. Much thanks must go to all our co¥hes, staff and ¥olunleers fortheir suppcrt during this drfficult period. Also. to North Norfolk District Council for their crrtinu&l financial support during Covid and to Drury's. Last but not least to Alexis for her hard WO and commthnt to ensu the $Lcessl future of NC. It's been a drfficuf( year with many gymnasts and staff contractirvJ Covid bLrt we we looking forward to a more stable. prosperous and heatthy 2022. FINANCIAL REVIEW The Statement of Financral ActNities a suwus tsthe yearof£8.93512020.' £5.375) and total reseNes stsnd al £99.50512020. £90.570). RESERVES POUCY It is the policy of the charity to Mainta Unrestsled furKls whth are the free reserves of the charity. al a18vel whieh equates to approximately six mth$ unrestricted expendure. This prowdes suffnI funds to cover management and administration and SUPF¥)rt costs and to respoThJ lo ewencies. RISK MANAGEMEKr The Trustees VIeW the risks of the charrty on a rèjular basis and have implemented E1C5 and procedures to mi(igate exposure to these risks. In additi'on. a review CA all fina181 rtsks is unogrtaken on a regular basi5. GOVERNANCE AND MANAGEMENT The day to day affairs of the charity are overseen ty the Bowd of TrLtslee$. The TNstees meet on a regular basis to review the chanty's aclivrties. Where there is a need for new Trustees. these are 1den1rf and appointed by the ex5try Trustees. in accordarte with the Art$ of Assocwrm. The rep)rt of the trustees has been prepared ting •Jvantsge ofthe smal compans' eXeMpln of section 415A of the Companies Act 2006. ON BEHALF OF THE TRUSTEES MrsPJo nson- Trusleg Mrs T Freemen- Trustee
NOFrrH WALSHAM GYMNASTICS CLUB REPORT QF TrIE INDEPENDEKf EXAMINERS TO THE TrUSTEES for the year ended 31 Oecember 2021 I repct lo the charity trustees on my examInat)n of accounts of ts company for the year ended 31 December 2021 whKh are set out on pages 5 to 13 Responslbllltles and basls of report As the charty trustees of the company {arKI a150 ts dffector5 for the purposes of ¢c¥rpany lawl you are rewn5ible for the preparatpJn of the accounts in accordan wfth the requirements of the Compani&s Act 20C6 (the 2006 Act'}. Having satisfied myseff that the accounts of the cowwny are ncl requred to be audited under Part 16 of the 20C6 Ad and are eligible for independent examination. I report in respect of my examination of your company's accounts as ¢arried out under sectn 14S of the Charrties Act 2011 (Ihe 2011 Act,). In carrying out my exan¥nalion I have folhxed the Direcbons gi¥pn by Charty CrynmisSn und8r seCn 1451511bl of the 2011 Act. Independent examineV$ statement I have completed my examination. I confimi th no [rtter$ have wme lo my attentn in connection with the examinatKJn gNing me cause lo belEve that m any materkgl respect: ac¢ountir¥J records were not kept in Spect d the ccnpany as required by sectk?n 386 of th8 20(E Ad.. the accounts do not 0rd with those records., or the accourrts do not comply with the accounting wuir•rents of seclb)n 396 of the 2006 Act other than any requirement that the account$ grve a 'tNe and fair vp whh is not a matter ¢¢sidered as part of an independent examination.. or the ac¢ourtts have rKst been kyepared in accordan with the ffthods aN1 princ¥?les ofthe Slatemenl of RecommeThJed Prxtice for ac¢ountsThJ and reportlng by ¢haiilies appIable to chaTrts preparing their accounts in accordance wrth the Financial ReF¢Jrb"ng Stsndard applThble in the UK and Republi¢ of Ireland IFRS 102). I have concerns and have e4)me across no other matters in connection wilh the examinat1 to which attention should be drawn in thi5 report in ordBr to eTh*le a wcyer understanding of the accounts to be reached. A Orves FCCA. FCA Sexty & Co Chartered Certthed Acctsmtsnts and RegL8tered Audilo 124 Thorpe Ro&J Norwich NR1 1RS Date..
PIORTH WALSHAM GYMNASTICS CLUB STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) for Ihe year ended 31 Dècember 2021 Total funds 2021 Total funds 2020 Genernl Restrlcted funds funds Inu>me from.. Donations and grants Charitable activrties Investments 38.318 128.190 38.318 128.190 68,544 106.660 Total Incomo 1&8.508 166.%)8 175.208 Expendilure ¢)n: Charitable aclivits 157.573 157,573 169.833 Totsl ¢haritabl• •xpenditure 157.573 157.573 169.833 Net (expenditurnVin¢ome 8.935 8,935 5,375 Transfer5 between funds Net movement in funds 8.935 8.935 5,375 Reconclllatlon of funds Fund balareS broughl fopward .570 9).570 85.195 Fund balances carrd ftxward 99.505 99,505 SYl.570 The notes set out on F)ages 7 to 13 form an integral part ol these fincial sLitemnts
NORTH WALSHAM GYMNASTICS CLUB (COMPANY REGISTRATION NO. 09626412) BALANCE SHEET 31 December 2021 2021 2020 Fixed assets 14.053 18.646 Current assets Stock Debtors and prepayments Cash at bank and in hand 4,840 318 4.400 1,448 10 94.158 84.397 CreditOf5 dug wlihin one year 11 12.473 Net current assets 85.452 71,924 99,505 90.570 Represented by: Restricted funds Unrestrthd furKts 99.505 90,570 Total Funds 90,570 The company was en¢itl8d to exerytTr frrxn art under S477 of the Compans Act 2006 relgting to small companies. Directors. reSpSt)I1rtieS.' The Merrtrs have not reqUId the company to olAain an athjit in aCcOrdar wfth Section 476 of the C(Knpanies Act 2Cth. The d¥eCtO a¢knowWge their re4xinsibilits for complying wilh the requirements of the Companies Acl with respect to accounting records and the prepafation of financk?I statements. These financtal stslements have been prepared in accordan with the provisions applTrcable lo small companies subject to the small cOtypan regime and in accordance wilh FRS102 SORP. The ffftancial statemwts [e apwoved by the Trustees on .. behalf by.. were sigr*d on its MrsP nson- Trustee Mrs T Fmmen . Trustee
NORTh WALSHAM GYMNASMCS CLUB NOTES TO THE FINANCIAL STATEMENTS for lh• y¢ar ended 31 December 2021 l. Accountlng polkles Genernl Informati and basis of prepardtion North Walsham Gym Club ts a tharitable ccmnpany in England I wa$. The charity constrtules a Publ benefit enlty as defined by FRS 11r2. The financol statements have been prepared under the historical c051 convention wrth rtems wnised at cost or transaction value unless othernvtse ststed in the rekvant notes. The financial Statements have been prepared In accordance wtth the Stateff1 of Recorrmended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with tIE Financial Reporting Standard apPI)Ie in the UK and Republ of Ireland IFRS 1021 issued in Octcl)er 2019, and Iwth the Financial Reporting Standard appluble n the Unrted Kingdom and Republi of Ireland {FRS 1021 and with the Charits Act 2011. bl Fund8 General fvntJ$ are available for use at the dwretKJn of the tNstees in furtherance of the gener81 objectives of the charrty and whth have not teen designated for other PU0$eS. Restred funds are funds wh a to be used wi rdaft¢ wth specffic restrictions imposed by donors or whKh have been raised by the charty for Partlar purkx)ses. Income recognltion All ineoming resources a included in Ihe Stateffenl of Financial Aclivities ISOFAI when lh8 charrty is legalty entitkd to the incoffe after any perfOrMar conditions have b&n met, the nounl can be ffasured rdiaw i8 probabk that the incOff Vill be receNed. For ()nab'¢Ms lo be rewjnised Ihe chanty will have bèen notrrd of the amounts and the settlement date in writing. Ifthere are condrtions attached to the donation and Ihts requires a level of performance bth entitlement can be c4ytal then income is deferred until those ndItiOnS are fulty mel or the fvlIment of those ndit¥S is thIn the conlrol of the charily and r¢ 1$ probable that they will be fUlled. Income from grants is recLb3nised vthen the charity has entitknrnt after any perfomance conditions have been rn, it is probab that the incL¥ne will be receNed and the amount can be measured relkqbty. If entitlement is rKI met then ltre are deferred. dl Expgnditurn re9n[l7 l expenditure is accounted for on an accruals basis and has been classffied under headings th81 aggregate 811 costs related to the category. Expenditure is recognise(I where there is a legal or construcbve obligakn to make paymrrts to third part$. li ts probable th the settlement wll be required and the arnnI of the oblat)n can be measured relkqbly. Irrecoverth VAT is charged as an expense againsl xtbvty fcrf whh expenditure Se.
NORTH WALSHAM GYMPIASMCS CLUB P40TES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2021 (Continued) Accounting polkles- covrtinued Fixed assets Tangible fixed asse1$ are stated at cosl or valUatiC less accumulaled depreciation and accumulated inpaim)ent losses. Cost includes costs directty attributable to makin9 the asset capable of operatirtsJ a5 intended. Deprecith"on is pTh•Jed on all tangib fixed ts. at rates Cakubated lo write off the cost, less eslimaled wsidual value, of each asset a system basis over its expecl8d usefvl life as follows.. Leaseh¢Jd improvements Plant and machiiery Equipment 10% straight fine 25% Straht line 25% straight thne Stocks Stocks are measured at the lower of cost and esb"mated selling price less costs to complete and sell. Cost includes all costs of purchase. costs of convwsion and ¢her costs incurred in bringing the stc¢k to its kyesent locatK and C0ThJrt. Leases Rentsl Payab under cyeratiNJ knes are ch lo the SOFA on 8 straight line basis over the P8r)d of the lease. h) Tax The chafrty is an exernpt charty within the nEaning of schedule 3 of the Chaities Ad 2011 and is Consered to pass Ihe tests sel out in Parajraph 1 schedu 6 FinanceAct 2010 and therefore it meets the definrtK)n of 8 ehariL3ble company for UK corporation tax purposes. Golng concern During the year the company has been affeded by the restrICtn$ imposed by the UK Govemment in $F)nSe to the Cowd 19 pandemic. The wull ofthis B that the company had lo temporarity su$pend it's operations. ThB resulted in a105s of income for the company. The directots con$Kler that the $0[ available lo th8 ccvnpany will be SLrffi¢ienl for it to be able to continue as a gn9 CCeM during the restrict1$ and once the re$lrictK$ are lrfied. The financkal $eMentS do not contain any adjusln*nts that would be required if th8 company We not able to continue as a going CoreM. Limited by guarnnts• North Walsham Gymnastics Club L Thled is a company limited by guarantee and accordingly does not have any share c4)rta. Every member of the coThyany un¢Jw1akes lo contribule such amount as may be required not exceeding £1 to the assets of the charitable company in the event of rts being wound up while he or she is a mernber. or wrthin one year after or shè eeases to be a member
NORTh WALSHAM GYMNASnCS CLUB NOTES TO THE FINANCIAL STATEMETrTrs for the year ended 31 December 2021 (continued) Accountlng polI¢l- conliThued kl Govemmgnt grants Granls are accourrted under the accruals as pernitw by FRS 102. Grants relating to expenditure on tangible fixed assets are uedrted to PTofrt or bss al the same rale as the depreciation on the assets lo the grant rekates. The deferred element of grants 15 included credrtors as deferred #Kon. Grants of a revenue natu are rwnised in actount in the same period as the related expenditure. 2. Incoffle from d¢bnations and grnnts G•n•ral funds Restfided funds 2021 2020 Mi¥ellaneou$ DonatK>ns Shell Eastem Counties GyMnastS Assoc Alan Boswell Govemment Grants.. NNDC - Covid 19 busi support granl NNDC - Cov•J 19 l¢xal restrtction supwjrt grant HMRC Job retentK>n scheme 30 141 278 238 5,000 24.858 24.858 25.000 2,000 35,887 13.430 13,430 38.318 68.544 3. Income from charltable aclivits General funds funds 2021 2020 111.S24 11.556 2.274 111,524 11,556 2,274 90.007 7.428 1.905 507 170 4,022 2,566 55 Insurance Clothing etc. Tuck shop CompetitNJn arKI course fees Summer se55n5 FundraisN Awards 246 160 2.426 2.426 128.190
Nolmi WALSHAM GYMNAsncs CLUB )TES TO THE FINANCIAL STATEMENTS forthe year ended 31 D•¢ember 2021 (continued) Income from Investmwts General funds lunds 2021 2020 Bank interest Analysls of &xpendlture on charitable activities Fund$ Funds 2021 2020 Rent & rates Light & heat Repairs & renewals Salaries Soaal security Pension contributions Coaches expenses Competition & course fees Clothing etc. Tuckshcp LenCeS and insurance Tdephone & badband Postage & statpjnery Equipment Websrte Bank & eard tharges Aecountsncy & payroll fees Legal fee5 Miscellaneous Depreuation Bad debts 27.166 27.1e6 3.009 392 96.978 674 1.018 24.017 2.368 1.349 94.713 1.512 392 96.978 674 1.018 71 660 1.587 455 9.749 402 351 608 351 769 2,649 193 1,193 25,492 1.028 1.028 1.768 13.645 13.645 13 276 13 276 2.296 2.442 110 483 5.529 380 2.442 110 5.529 157.573 157,573 169,833 6. Indeyndent arnIn8r fees Fees payable to the indwKJenl examinerfor. 2021 2020 Independent examinatrfi of the finarKial stalwnents Other financial seNices 1.000 1.442 1,000 1.649 2.442 10
NORTH WALSHAPA GYMNASTICS CLUB NOTES TO THE FINANCIAL STATEMENTS forthe year ended 31 tlecmber 2021 Icontlnu•d) 7. Truslees remunerntion and The trustees have neither rwed nor vraived any rettneratiOn cff exp8nse5 during the eurrent Stsff costs The average number cl empbyees durry the year was 18 pee$[202O.. 151. The total staff costs and empl¢)yee benefts were as f0kn.. 2021 2020 Wages and sala Sctial secunty Pension costs 96,978 94,713 674 1,512 1.018 1,344 98,670 97,569 No employee recevled tal empbyee beneffts of more than £60.CN)O. The Charity ¢onsKlers thal the key management personnel comprtses the Trustees and the senior management team. The total eryloyee beneffts of the key management personnel of the Charity were È32.202 {2020 £28.0591. 9. Flxed Assets Leasehold Improvements Pknt and machinery EquipTr*nt T¢)tal At 1 January 2021 Additi"ons At 31 December 2021 23.252 9,121 83.581 936 115,954 936 23,252 9.121 116,890 Deprnciati¢)n At 1 January 2021 Charge for the year At 31 Decernber 2021 8.526 297 8.823 79.482 2,907 82,389 97.308 5,529 102,837 2.325 11.625 Net Book V•lutr At 31 December 2021 At 31 December 2020 11.627 13.952 2.128 4.099 14.OS3 18.646 595 10. Debtor4 and prtyayments 2021 2020 Tr•J8 detrtor5 Prepayments and rUed income 318 128 1.320 1.448 318 11
NORTH WALSHAM GYhlNASTICS CLU8 P40TES TO THE FINANCIAL STATEMENTS for th? year ended 31 Dewnber 2021 {continu•d) 11. Creditors: amounts falllng due within Orb• year 2021 2020 Other creditots Taxation and srKial stturbty Accruals 2.882 1.197 8,394 856 8,7C6 12,473 12. Leases Total futur• minimurn lease paymonts under non4ancellable operating leases are as follows: 2021 2020 ler than one Later than one and L*er Ihan fve years Later than five years 29,640 29,640 118.560 118,560 27 170 56 810 175.370 205,010 Covid-19 related rent conce10n$- In the pnor year the charity receNed 50% rent concesshjns for 5 month$ of the year due to CovNJ-19, this amunted to £6,175. For 4 of these months the rent due was deferred and a balance of £2.882 was •rlUde¢l within other creditors in 2020. All deferred rent has been fully repaKI durirwJ the year. 13. Pensi¢)ns and oth•r PostrItIrM•nt b8ngfits . Dftfirb contribulion pla The amount recognised in inc or expenditure as expense in relatK to defined ntribut)n$ FAans wa5 £1.01812020.' £1.344). 14. Fund reco111[00 Balanus 01.01.21 B•lances 31.12.21 General funds 9).570 166.508 1157.573) 99.505 Restrthd funds Total funds 90.570 166.508 1157.573) 99,505 Genertl funds are av8ilabk for use at the det ofthe twstee5 in furtherance of the general obj'ectives crf charity and have not been destqnaled for ther purposes. 12
PIORTH WALSHAM GYMNASTICS CLU8 NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2021 (continued) 15. Analysls of net assets between fundg funds funds Total Fixed assets Current assets Creditors Itss than 1 year 14.053 94,158 le.71) 14,053 94,538 18.7061 N•t currnnt xsets 99,505 99.88S 16. Related party tran&ictions There were no rel*ed paty trans¥tiC5 durirvj the perThJ12020". £Nill. 13