2022-09-30-accounts - The Dynamic Gymnastics Foundation

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Charity information		1
Trustees' Annual Report		2-3
Accountants' report		4
Funds Statements:-
Statement of Financial	Activities
Statement of Financial	Activities - Pdor Year statement
Income and Expenditure	account
Balance sheet
Notes to the accounts		9-17

tatement ofFina	nc	ial Activities	for the	year ended	30Septem	ber 2022
			SpRP	Currentyear	Current year	Current year	Prior Year
			Ref	Unrestricted	Restricted	Total Funds	Total Funds
				Funds	Funds
				2022	2022	2022	2021
Income 4Endowments		from:		6	6		6
Donations &Legacies Other trading activities Investments Other			A1 A3 A4	6.032 10,274 24	750	6,782 10,274 24	1,078 7,276 79
			AS	100		100
Total income				16,430	750	17,180	0,433
Expenditure on:
Raising funds Charitable activities			B1 B2	333 15,330	750	333 16,080	197 14,382
Total expenditure				15,663	750	16,413	14,579
hlet incomel(expenditure)		for the year		767		767	(6,146)
Net income after transfers			A-8-C	767		767	(6,146)
I(let movement in funds				767		767	(6,'146)
Reconciliation offunds:-
Total funds brought	forward			70,020		70020	76166
Total funds carried forward				70,787		70,707	70,030

			Prior Year	Prior Year	Paler Year
		R f	Unrestricted	Restricted	Total Funda
			Funda	Funds
			2021	2021	2021
				6	f.
income from:
Donations &Legacies		A1	1,078		'I,078
Dlher trading acbvees		A3	7,276		7,276
Investments		A4	79		79
Total income		A	8,433		8,433
Expenditure on:
Raising funds		B1	197		197
Charitable activities		B2	14,382		14,382
Total expenditure		8	14,579		14,579
Net expenditure	forthe year		(6,146)		(6,146)
Transfers between funds			2,634	(2,634)
Net income after	transfers		(3,512)	(2,634)	(6,146)
Net movement in	funds		(3,512)	(2,634)	(6,146)
Reconciliation offunds:-
Total funds brought forward			73,532	2,634	76,166
Total funds carried forward			70,020		70,020

							2022	2021
Income
Incoine from operations
Gift aid donations Investment income	received from	subsidiary		undertaking			12,056 5,000	7,354 1,000
Interest receivable
							24	79
Gross income in the year before Exceptional items:		exceptional			items		17,080	8,433
Compensation
							100
Gross income in the year including			exceptional			items	13,180	8,433
Expenditure
Charitable expenditure, excluding Depreciation and amartisation		depreciation			and	amorlisation	7,492	7,386
Fundraising costs							8,238	6,646
Governance costs							333	197
							350	350
Total expenditure	in the year						16413	14,838
Net income before	tax in the financial year						767	(6,146)
Net income after tax in the financial			year				787	(6.146)
Retained surplus	for the financial		year				183	~6,146
All activities derive	from continuing		operations

			SORP
		Note	Ref		2022		2021
					E		E
Fixed aaaeta			A
Tangible assets		5	A2		53,695		46,012
investments held as fixed assets		6	A4		1		1
Total fixed aaaeta					53,696		46,013
Current aaaeta			B
Debtors		7	B2	1,434		216
Cash at bank and in hand			B4	16,007		24,441
Total current asaeta				17,441		24,657
Creditors: amounts one year	falling due within	8	C1 ~350			650
Net current assets					17,091		24,007
The total net assets	ofthe charity				70,787		70,020
The total net assets	ofthe charity are	funded	by the funds ofthe		charity, as follows:-
Restricted funds
Restricted Revenue Funds		12	D2
Unrestricted Funds
Unrestricted Revenue	Funds	12	D3		70,787		70,020
Designated Funds
Total charity funds					70,787		70,020

Votunteeta
ln acconlance with the SORP, and In recognition ofthe difficulties in pladng a monetary value o«he~ volunteers, the contrtbution ofvolunteers is not Included within the Incorrie ofthe charity
Policies relating toassets, Nabtlltfes and provisions and other matters.
Fixed Asset tnvestmenta
'
Th D G wN Foundations owns ail ofthe share capital ofits asset-locked trading su
Gymnastics Club CIC.The CIC operates wholly for the benefit ofthe local community.
Tanttfbfe fixed assets
TangiTTe fixed assets are measured at their original cost value or subsequent revaluation net ofany depreciation for impairment, Cost value includes all costs expended in bringing the asset into its intended working		and any condition.
Depreciation has been provided at the following rates in order to write offthe assets to their anticipated residual
value over their estiinated useful lives.
Pkuit and machinery 10%straight line
Oebtora
Trade and other debtors are measured at their recoverable amounts at the balance sheet date. Prepayments	are
measured at the amount prepaid.
Creditors and provisions
A liability is recognised when a legal or constructive obligation exists as a result ofa past event, and when it is more likely than not that a transfer ofeconomic benefits will be required in settlement, and when the amount ofthe obligation can be measured or reliably estimated. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Cash and bank balances
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.	whether			in
Fund Accounting
Unrestricted funds are available for use at the discretion ofthe trustees in furtherance ofthe general objectives of
the charity. They have not been designated for other purposes.
Restricted funds are funds which are subjected to reslrictions on their expenditure imposed by the donor or through			the
terms ofan appeal oras implied by law. The costs ofraising and administering such funds are charged against the
specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements,

Net surplus before tax in th	e financial year
				2022 f	2021f
The net surplus before tax in the	financial year is stated after charging:-
Depreciation ofowned fixed assets
				8.238	6,646
4 Remuneration and payments	to Trustees and persons connected		with them
No trustees or persons connected	with them received any remuneration	from	the charity.
5 Tangible fixed assets
				Plant 8
				Machinery	Total
Cost
At 1 October 2021
Additions				66,466	66,466
At 30September 2022				15,921	15,921
Depreciation				82,387	82,387
At 1 October 2021
Charge for the year				20,454	20,454
				8,238	8.238
At 30September 2022
Net book value				28692	28692
At 30September 2022
At 30September 2021				53,695	53,695
				46,012	46,012

Investments	held as	fixed	assets
				In vestments
				In	Total
				~ubs idle rice
Carrying values of Investments
At 1October 2021
At 30September 2022
Analysis between fair value			and historical cost
Investments as above held at			historical cost,
less any write	down
7 Debtors				2022f		2021f
				91		29
Trade debtors				474		187
Prepayments	and accrued income			869
Other debtors
				1,434		216
8 Creditors: amounts		falling due within one year		2022f 350		2021f 350
Accruals						300
PAYE, NIC I/AT and other taxes
				350		650
9 Income and	Expenditure		account summary	2022 f		2021f
				70,020		76,166
At1 October	2021			767		(6,146)
Surplus/(loss)	after tsx	for the	year	70,787		70,020
At 30September 2022

Particulars ofhow particular funds a	re represented by assets an	d liabilities
At30SePtember 2022	Unrsstdctsd	I3sslgnstsd	Restricted	Total
	funds	funds	funds	Funds
Tangibee Fixed Assets Investments at valuation:-	6 53,695	R	R	63,606
Fixed asset investments
Current Assets Current Liablitles	1 17,441			1 17~1
	(350)			(350)
	70,787			707I7
At 1October 2021
	Unrestricted	Designated	Restricted	Total
Tangible Fixed Assets investments at valuation:-	funds f 46,012	funds 6	funds 6	Funds 6 46,012
Fixed asset investments
	1			1
Current Assets Current Liabilities	24,657 (650)			24,657 (680)
	70.020			70,020

ange n	ota f	un	s ove	r the	year as show	n in Note 11,analys	ed by in	divid	ual funds
						Funds	llllovemeot	in		Funds
						brought			Transfers	castled
						forward from 2021			between funds in 2022	forward io 2023
							See Note 13
							6
Unresfncfed	and designated			funds:-
Unrestricted	Revenue		Funds			70,020		767		70,787
Total unrestricted		and designated			funds	70,020		767	-	70,787
Restricted funds:-
Bleacher seating
Total restricted funds
Total charity	funds					70,020		767		70,787

Anaiysis o	fmovementa In	funds over the y	ear as shown in Not	e 12
					Other
			Income	Ex pen dkure	Gains a Losses	ttiiovement funds
			2022 2	2022 f	2022 K	2022f
Unrestricted	and designated	funds:-
Unrestricted	Revenue Funds		16,430	(15«3)		757
Restricted funds:-
Bleacher seating			7SO	(7~0)
			qt77180	~18.415		767

16	Donations and Legacies
				Current year	Current	year	Current year	prior Year
				Unrestricted	Restricted		Total Funds	Total Funda
				Funds	Funds
				2022	2022		2022	2021
	Donations and gifts			E	E		E	E
	Small donations individually less Gift aid donations from subsidiary	than E1000 undertakings		1,032 5,000			1,032 5,000	78 1,000
	Total donations and gifts from	individuals		6,032			6,032	1,078
	Capital grants from non public	bodies
	Small grants individually less than E1000
						750	750
	Total private sector capital grants					750	750
	Total Donations and Legacies		A1	6,032		750	6,782	1,078
17	Income from trading activities
				Current year Unrestricted Funds	Current year Restricted Funds		Current year Total Funds	Prior Year TotalFunds
				2022	2022		2022	2021
					E		E	E
	Income from fundraising events Hire ofchadty owned assets Spectator seat income Income from the sale ofdonated goods			2,773 6,000 1,232 269			2,773 6,000 1 232 269	1,156 6,000 120
	Total from other activities		A3	10,274			10,274	7,276

				Current yaar Unrestricted	Current year Restricted	Current yaar Total Funds	Current yaar Total Funds	Prior Year 'rotal Funds
				Funds	Funds
				2022	2022	2022		2021
				E	E	E		E
Bank	Interest Receivable			24			24
Total	investment	income	A4	24			24	79

19	Expenditure	on	charitab	le ac	tivities- Gra	nt fun	ding ofactivi	ding ofactivi	ties	ties
							Current year Unrestricted		Current year Restricted		Current year TotalFunds		Prior Year TotalFunds
							Funds		Funds
							2022		2022		2022		2021
									E		E		E
	Grants to institutions							7,304			7,304		7,200
	Total grantmaking		costs			82c		7,304			7,304		7,200
20	Support costs		for charitable		activities		Current	year	Current	year	Currant	year	Prior Year
							Unrestricted		Restricted		Total Funds		TotalFunds
							Funds		Funds
							2022		2022		2022		2021
							E		E		E		E
	Administrative	overheads
	Trustee indemnity		insurance					188				188	186
	Financiai costs
	Depreciation &Amortisation			in total	for the period			8,238				8,238	6,646
	Support costs before reallocation							8,428				8,426	6,832
	Total support costs							8,426				8,426	6,832

				Current year unrestricted	Current year Restricted	Current year Total Funds	Prior Year Total Funds
				Funda	Funds
				2022	2022	2022	2021
				r.	E	E	E
Accountancy costs				350
Total Governance		costs		350		350
22 Total Charitable		expenditure
				Current year	Current year	Current year	prior Year
				Unrestricted	Restricted	TotalFunds	TolalFunda
				Funds	Funds
				2022	2022	2022	2021
					E
Total direct spending				B2a
Total charitable		trading costs		B2b
Total grantmnkiig costs Total support costs Total Governance costs Movements in provisions			and	B2c 7,3O4 B2d 8,426 B2e 350		7,304 8,426 350	7,200 6,832 350
commitments				B2e
Total charitable		expenditure		B2 16,08o		16,080	'}4,382
23 Expenditure	on raising		funds and costs of investment ma		aement

				Current year Unrestricted	Current year Unrestricted	Current year Restricted	Current year Total Funds	Prior Year TotalFunds
				Funds		Funds
				2022		2022	2022	2021
				6		E	6	E
Raising	funds				333		333	197
	Total	fundraislng	costs		333		333	197