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
#245

NORTh WALSHAM GYMNASTICS CLUB
copirENTS OF THE FINANCIAL STATEME1￿5
for the year ended 31 December 2021
Page
Legal and &jm1nwtratp￿ informati
Report of the Trustees
Rewrt ofthe Independent EK8mwiws
state￿nt 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 Gymnast￿S 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 so1￿110r$
Canada House
Grammar SdK￿l RcA1
North Walshwn
NR28 9JH
Inde￿nd•fit Examiners:
Sexty & Co
Chartered Certif*d AcC￿ntants
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 part￿1paI￿n 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 gy￿ast￿. The essent￿1 skills provrded enab￿ young people to
exceed their expectations, develop self-esteem and realise Ihwr potential. The club offers a varted gymnastic5
and cOnd￿aning program from soc¢al 9ymnasti¢s through to competrtive gymnastics with pri￿ options for all
levels of inte￿51. but wrth greater enwhasis on group classes. The Club's ¢oa¢hes have a￿e$S to ¢ontinual
training with some of the area's tcy profess￿￿al coaches, thbs provwjes the students y￿h Up-t(￿date moves
and techniques. The Club weknme5 a dr¥ersty of p￿le and maintains a non-smokirvJ and alcoP¥)Vdrug free
environment.
PLIBUC BENEFIT STATEMENT
The Trustees have regard to the Char￿Y Commhss￿,s public benefrt guidance.
ACHIEVEMENTS AND PERFORMANCE
North Walsham Gymnast￿ Club has a total of 282 recrthkn￿ membets. 97 CcffipetrtNefinlemediate
and 51 pre-schcd. This totsls 430 mernbers in all.
We have 17 coaches rwgirwJ fron levd O to Level 4 Coathing on a part t1￿￿ basis. Althwgh our volunteer
numbers have been restrKted due to Covid res1rKat￿$. we hcpe to in this area during 2022.
The Leadership Aeademy hosts successfij fun sessions to members arKI rKIn4￿MberS each haw temi. Our
young leaders ranging from 1>16 y￿5 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
c￿Jr$e at present.
Although the vwing a￿a was dosed during the th*>19 pandernic. restrKtions are easin9 wilh one viewing
Se5S￿n 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 r￿Urr￿ 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 commth*nt to ensu￿ the $L￿cess￿l future of N￿￿C.
It's been a drfficuf( year with many gymnasts and staff contractirvJ Covid bLrt we we looking forward to a more
stable. prosperous and heatthy 2022.
FINANCIAL REVIEW
The Statement of Financral ActNities a suwus tsthe yearof£8.93512020.' £5.375) and total reseNes
stsnd al £99.50512020. £90.570).
RESERVES POUCY
It is the policy of the charity to Mainta￿ Unrests￿led furKls whth are the free reserves of the charity. al a18vel
whieh equates to approximately six m￿th$ unrestricted expend*ure. This prowdes suff￿nI 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 ￿E1C￿5 and procedures
to mi(igate exposure to these risks. In additi'on. a review CA all fina￿181 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 t*ing •Jvantsge ofthe smal compan*s' eXeMpl￿n 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 repc*t 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 sect￿n 14S of the Charrties Act 2011 (Ihe 2011 Act,). In carrying out my
exan¥nalion I have folhxed the Direcbons gi¥pn by Charty CrynmisS￿n und8r seC￿n 1451511bl of the
2011 Act.
Independent examineV$ statement
I have completed my examination. I confimi th* no [r￿tter$ have wme lo my attent￿n 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 cc*npany 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* wh￿h is not a matter ¢¢￿sidered as part of
an independent examination.. or
the ac¢ourtts have rKst been kyepared in accordan￿ with the ff*thods aN1 princ¥?les ofthe Slatemenl of
RecommeThJed Prxtice for ac¢ountsThJ and reportlng by ¢haiilies appI￿able to chaTrt*s 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 aclivit*s
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 balar￿eS broughl fopward
.570
9).570
85.195
Fund balances carr￿d ftxward
99.505
99,505
SYl.570
The notes set out on F)ages 7 to 13 form an integral part ol these fin*cial 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 exeryt￿Tr frrxn a￿rt under S477 of the Compan*s Act 2006 relgting to
small companies.
Directors. reSp￿St)I1rtieS.'
The Merrt￿rs have not reqUI￿d the company to olAain an athjit in aCcOrdar￿ wfth Section 476
of the C(Knpanies Act 2Cth.
The d¥eCtO￿ a¢knowWge their re4xinsibilit*s 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￿$. The charity constrtules a
Publ￿ benefit enlty as defined by FRS 11r2. The financol statements have been prepared under
the historical c051 convention wrth rtems wnised at cost or transaction value unless othernvtse
ststed in the rekvant notes. The financial Statements have been prepared In accordance wtth the
Stateff￿1 of Recorrmended Practice.. Accounting and Reporting by Charities preparing their
accounts in accordance with tIE Financial Reporting Standard apPI￿)Ie in the UK and Republ
of Ireland IFRS 1021 issued in Octcl)er 2019, and Iwth the Financial Reporting Standard
appluble n the Unrted Kingdom and Republi of Ireland {FRS 1021 and with the Charit*s Act
2011.
bl
Fund8
General fvntJ$ 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 PU￿0$eS.
Restr￿ed funds are funds wh￿￿ a￿ to be used wi ￿rdaft¢￿ wth specffic restrictions imposed
by donors or whKh have been raised by the charty for Part￿￿lar purkx)ses.
Income recognltion
All ineoming resources a￿ included in Ihe Stateffenl of Financial Aclivities ISOFAI when lh8
charrty is legalty entitkd to the incoffe after any perfOrMar￿ conditions have b&n met, the
nounl can be ff*asured rdiaw i8 probabk that the incOff￿ V*ill be receNed.
For (*)nab'¢Ms lo be rewjnised Ihe chanty will have bèen notrr￿d of the amounts and the
settlement date in writing. Ifthere are condrtions attached to the donation and Ihts requires a level
of performance bth entitlement can be c4ytal￿ then income is deferred until those ￿ndItiOnS
are fulty mel or the fv￿lIment of those ￿ndit¥￿S is ￿thIn the conlrol of the charily and r¢ 1$
probable that they will be fU￿lled.
Income from grants is recLb3nised vthen the charity has entitknr*nt 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 ltr￿e are deferred.
dl Expgnditurn re￿9n[l￿7
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 arn￿nI of the obl￿at￿)n can be measured relkqbly.
Irrecoverth VAT is charged as an expense againsl ￿ xtbvty fcrf wh￿h 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% Stra￿ht 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 Cons￿ered 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 restrICt￿n$ 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 ￿$0￿[￿ available lo th8 ccvnpany will be SLrffi¢ienl for it to be
able to continue as a g￿n9 C￿CeM during the restrict￿1$ 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 Cor￿eM.
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
GyMnast￿S 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 aclivit*s
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 se55￿n5
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
L￿enCeS and insurance
Tdephone & b￿adband
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 tlec*mber 2021 Icontlnu•d)
7. Truslees remunerntion and
The trustees have neither rwed nor vraived any rett￿neratiOn cff exp8nse5 during the eurrent
Stsff costs
The average number cl empbyees durry the year was 18 ￿p*ee$[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 t￿al 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 conce￿10n$- In the pnor year the charity receNed 50% rent concesshjns
for 5 month$ 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 •r￿lUde¢l within other creditors in 2020. All deferred
rent has been fully repaKI durirwJ the year.
13. Pensi¢)ns and oth•r Post￿rItIr￿M•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 reco￿111￿[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 d￿et￿ 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¥tiC￿5 durirvj the perThJ12020". £Nill.
13