| Page | |||||
|---|---|---|---|---|---|
| Reference and administrative | details ofthe company, | its trustees | and advisors | 1 | |
| Trustees report | |||||
| Independent examiners |
report | ||||
| Statement offinancial | activities | ||||
| Balance sheet | |||||
| Cash flow statement | |||||
| Notes to the financial statements | 10-19 |
| ended 31Dece | mber 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | Prior year | |||||
| funds | income | funds | ||||||
| funcls | ||||||||
| Note | ||||||||
| income | ||||||||
| Donations | and | legacies | 5,086 | 5,086 | 4,957 | |||
| Charitable | activities | 824,157 | 824,157 | 744,830 | ||||
| Investments | 200 | 200 | 12 | |||||
| Total | 824,357 | 5,086 | 829,443 | 749,799 | ||||
| Expenditure | ||||||||
| Raising funds | ||||||||
| Charitable | activities | 747,967 | 2,165 | 750,132 | 681,753 | |||
| Total | 747,967 | 2,165 | 750,132 | 681,753 | ||||
| Net income/(expenditure) | before | 76,390 | 2,921 | 79,311 | 68,046 | |||
| tax for the | reporting | period | ||||||
| Tax payable | ||||||||
| Net income/(expenditure) | after | 76,390 | 2,921 | 79,311 | 68,046 | |||
| tax before | investment | |||||||
| gains/(losses) | ||||||||
| Net movement | in funds | 76,390 | 2,921 | 79,311 | 68,046 | |||
| Reconciliation | offunds: | |||||||
| Total funds | brought | forward | 265,266 | 9,349 | 274,615 | 206,569 | ||
| Total funds | carried | forward | 341,656 | 12,270 | 353,926 | 274,615 |
| Restricted | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | income | Total this | Total last | |||
| funds | funds | year (2022) | year (2021) | |||
| Note | f | f | f | |||
| Fixed assets: | ||||||
| Tangible assets | 47,524 | 12,270 | 59,794 | 47,362 | ||
| Current assets: | ||||||
| Debtors | 6,384 | 6,384 | ||||
| Cash at bank and in | hand | 381,314 | 1,563 | 382,877 | 315,965 | |
| 387,698 | 1,563 | 389,261 | 315,965 | |||
| Creditors: amounts | falling due | |||||
| within one year | 10 | 67,783 | 1,563 | 69,346 | 43,434 | |
| Net current assets/(liabilities) | 319,915 | 319,915 | 272,531 | |||
| Long Term Liabilities | 25,783 | 25,783 | 45,278 | |||
| Total net assets | 341,656 | 12,270 | 353,926 | 274,615 | ||
| Charity Funds | ||||||
| Restricted funds |
12,270 | 12,270 | 9,349 | |||
| Unrestricted funds |
11 | 341,656 | 341,656 | 265,266 | ||
| Total funds | 341,656 | 12,270 | 353,926 | 274,615 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | f | f | ||
| Cash flow from operating | activities | |||
| Net cash provided by operating activities |
97,528 | 75,692 | ||
| Cash flows from investing | activities | |||
| Interest | 200 | 12 | ||
| Purchase offixed assets | (21,190) | (15,620) | ||
| Net cash used in investing | activities | (20,990) | {15,608) | |
| Cash flows from financing | activities | |||
| Borrowings | ||||
| Borrowings repaid |
(9,626) | (4,722) | ||
| (9,626) | {4,722) | |||
| Change in cash and cash equivalents |
66,912 | 55,362 | ||
| Cash and cash equivalents | brought forward | 315,965 | 260,603 | |
| Cash and cash equivalents | carried forward | 382,877 | 315,965 |
| Income fr | om charitabl | e Activities |
|||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Totai funds | Total fund | ||
| 2022 | 2021 | ||||
| f | f | ||||
| Women' s | 85,769 | 85,769 | 75,747 | ||
| Men' s | 80,040 | 80,040 | 66,846 | ||
| Acrobatics | 14,827 | 14,827 | 10,690 | ||
| Adult | 28,264 | 28,264 | 8,251 | ||
| Pre-School | 57,548 | 57,548 | 37,472 | ||
| Generai 8 Academy | 556,909 | 5,086 | 561,995 | 441,155 | |
| Government | grants | 1,000 | 1,000 | 104,669 | |
| 824,357 | 5,086 | 829,443 | 744,830 |
| Unrestricted | Restricted | Total funds | Total fund | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| f | f. | ||||
| Bank | interest | 200 | 200 | 12 | |
| 200 | 200 | 12 |
| 5Analysis of | exp | endi | ture on |
charitable activ |
ities | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | Total funds | ||||
| 2022 | 2021 | ||||||
| f | f | E | |||||
| Rent 8.Rates | 65,408 | 65,408 | 61,886 | ||||
| Wages | 507,843 | 507,843 | 465,559 | ||||
| Pensions | 8,138 | 8,138 | 7,167 | ||||
| Premises expenses | 56,778 | 56,778 | 40,990 | ||||
| Telephone and Internet |
1,207 | 1,207 | 1,304 | ||||
| Advertising | 712 | 712 | 45 | ||||
| Sports equipment | costs | 8,828 | 8,828 | 3,941 | |||
| HMRC | 23,726 | 23,726 | 27,431 | ||||
| Training | 3,367 | 3,367 | 1,606 | ||||
| Sundry expenses | 26,640 | 26,640 | 16,341 | ||||
| British gymnastics | society | 1,145 | 1,145 | 479 | |||
| Travel, accommodation | 8,179 | 8,179 | 3,485 | ||||
| Competitions | and | events. Etc | 25,348 | 25,348 | 35,183 | ||
| Accountancy | 2,695 | 2,695 | 3,414 | ||||
| Legal and Consultancy | fees | 4,561 | |||||
| Bank charges | 1,360 | 1,360 | 1,287 | ||||
| Deprecation | 6,593 | 2,165 | 8,758 | 7,074 | |||
| Total | 747,967 | 2,165 | 750,132 | 681,753 |
| This is stated | after charging: | 2022 | 2021 |
|---|---|---|---|
| E | f | ||
| Deprecation | ofowned assets | 8,758 | 7,074 |
| Independent | examination | 1,500 | 1,500 |
| Accountancy | services | 1,195 | 1,914 |
| 2022 | 2021 | ||
|---|---|---|---|
| f | f | ||
| Salaries | and social security | 507,843 | 465,559 |
| Pension | costs | 8,138 | 7,167 |
| Total | 515,981 | 472,726 |
| Staff Numbers | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Number | Number | |||
| Coaches | 27 | 24 | ||
| Support | 4 | 4 | ||
| Total | 31 | 28 |
| Tangible Fixed Assets Notes to the financial |
statements |
|---|---|
| Plant and | |
| equipment | |
| Cost | |
| At 1January 2022 |
120,306 |
| Additions | 21,190 |
| Disposais | |
| At 31December 2022 | 141,496 |
| Depreciation | |
| At 1January 2022 | 72,944 |
| Charge for a year | 8,758 |
| Eliminated on disposal |
|
| At 31December 2022 | 81,702 |
| Net Book Value | |
| At 31December 2022 | 59,794 |
| At 31December 2021 | 47,362 |
| l Debtors | |||
|---|---|---|---|
| Debtors: Amounts | falling due within one year | ||
| 2022 | 2021 | ||
| f | f. | ||
| Trade debtors | 4,224 | ||
| Prepayments | 2,160 | ||
| 6,384 | |||
| 10Creditors | |||
| Creditors: Amounts | falling due within one year | ||
| 2022 | 2021 | ||
| f | |||
| Accruals | 14,678 | 1,200 | |
| Other creditors | 46,915 | 32,867 | |
| Taxation and social | security | 7,753 | 9,366 |
| 69,346 | 43,434 |
| Brought | Income | Resources | Carried | |
|---|---|---|---|---|
| Forward | expended | forward | ||
| f | f | f | F | |
| General funds | 265,266 | 824,357 | (747,967) | 341,656 |
| Restricted funds | 9,349 | 5,086 | (2,165) | 12,270 |
| 274,615 | 829,443 | (750,132) | 353,926 |
| General | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | 2022 | 2021 | ||
| 2022 f |
2022f | f | f | ||
| Tangible | FA (NBV) | 47,524 | 12,270 | 59,794 | 47,362 |
| Debtors | 6,384 | 6,384 | |||
| Current | assets | 381,314 | 1,563 | 382,877 | 315,965 |
| Creditors | (67,783) | (1,563) | (69,346) | (43,434) | |
| Long term liabilities | (25,783) | (25,783) | (45,278) | ||
| 341,656 | 12,270 | 353,926 | 274,615 |
| 13Reconciliation | of net movement | of net movement | in funds to | net cash flow from operating | net cash flow from operating | activities |
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| f | E | |||||
| Net income /(loss) for the year (as per | statement | 79,311 | 68,046 | |||
| offinancial activities | ||||||
| Adjusted for: | ||||||
| Depreciation charges |
8,758 | 7,074 | ||||
| Interest received | (200) | (12) | ||||
| (Increase) / decrease | in debtors | {6,384) | 0 | |||
| increase / (decrease) | in creditors | 16,043 | 584 | |||
| 97,528 | 75,692 |
| 2022 | 2021 |
|---|---|
| f | f |
| Amounts payable |
|---|
| Within 1year |
| 2 —5years |