## **Wye Gymnastics and Galaxy Cheerleading**
## **Charity No. 1177378**
**Company No. CE013412**
**Trustees' Report and Unaudited Accounts**
**31 March 2021**
**Wye Gymnastics and Galaxy Cheerleading CONTENTS**
||Pages||
|---|---|---|
|Trustees' Annual Report||1|
|Independent Examiner's Report||10|
|Statement of Financial Activities||11|
|Summary Income and Expenditure Account||12|
|Balance Sheet||13|
|Notes to the Accounts||14|
|Detailed Statement of Financial Activities||20|
Page 1
**Wye Gymnastics and Galaxy Cheerleading TRUSTEES ANNUAL REPORT**
The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2021.
## **Introduction from the Chair**
During my first full year as Wye Gymnastics and Galaxy Cheerleading Chair of Trustees, I am proud to say that the CIO continued to perform well.
2 years ago our Chair of Trustees began her introduction of this report with 'What a year its been!'. Little could any of us have known what we were about to endure.
2019/20 has been an atypical year for everyone and a hugely worrying time for small businesses or, in our case, Charity.
Whilst COVID wasn’t great for the traditional operation of our charity we were able to operate parts of our programme. However, it did give us the opportunity to refocus our efforts and develop a new strategy for the next 5 years.
A number of steps the charity has already taken, including significant facility development and implement new governance processes, helped us prepare for the new reality.
However, I am incredibly proud to detail the amazing work that our committed and passionate staff and volunteers continued during lockdown in retaining 49% of our membership and the continuance of our programs delivered virtually (and even outside when restrictions allowed) in order to continue to work towards our vision.
Our staff have continued to develop, attending online courses and our young leaders program continues to grow, developing tomorrow's coaches.
The Management Team have also engaged with our communities, exploring additional service provision, increasing inclusivity, and supporting wellbeing. One example of this is the hugely successful community fridge.
WGGC could not have survived without the support of our athletes, their families and our lovely community and for that we are very grateful.
We survived 19/20 with your love and support and in 20/21 we will thrive.
I am very excited about the future of WGGC and the wider community that we shall engage with.
Sonja Jones Chair of Trustees
Page 2
**Wye Gymnastics and Galaxy Cheerleading TRUSTEES ANNUAL REPORT**
## **Introduction from the Chief Executive Officer**
2020/2021 was a challenging time for the whole world. We were no exception.
When the COVID-19 pandemic hit, we had no idea that it would result in our organisation being closed for 35 weeks of this financial year.
The 17 weeks that we were able to open took place between August and December 2020, during which there were restrictions on the number of people we could have in the venue as well as on the type of activity we could deliver.
This of course had a huge impact on the income generated over this financial year. However, with the support from government grants, the Furlough Scheme, as well as financial aid from other partners, we were able maintain the income required to continue to trade throughout this time.
Despite the huge difficulties we faced, we managed to retain over 49% of our membership during the pandemic. This was, in part, due to a strong community of supportive families that attend the club, for which we will always be extremely grateful.
We were also able to deliver at home session plans which then led to online sessions for all of our members which I believe helped keep them engaged, fit and active from home.
I have been incredibly proud of both our Management and Coaching Team over this last year. They have all shown great resilience, strength and adaptability through a very trying time and many have used the time to continue to develop personally in our field of work. I know they are very much looking forward to getting back in the gym and continuing to deliver exceptional experiences to all who visit us.
We have also been fortunate to secure funding in order to develop the facility in readiness for when we are able to open, which will secure our future and help us to rebuild over the next year.
The last 12 months has tested everyone of us but, as we begin to return to a more normal way of life, I look forward to seeing our team grow and develop as they deliver our strategic aims and offer more activity to more people in our local community.
Carly Hawke Chief Executive Officer
Page 3
**Wye Gymnastics and Galaxy Cheerleading TRUSTEES ANNUAL REPORT**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Principal Office**
Wyes Up Centre, Unit 53E-F Symondscliffe Way Severn Bridge Industrial Estate Portskewett NP26 5PW
## **Registered Office**
53 E-G Symondscliffe Way Severnbridge Industrial Est Portskewett Caldicot NP26 5PW
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
S.L. Jones - Chair of Trustees
S.E. Postans - Secretary E.J. Dent - Treasurer D.A. Jones (Resigned 30 June 2020) **Key Management Personnel** Chief Executive Officer Carly Hawke
## **Accountants**
Seamount Business Services Limited Gryson House The Grove Pontllanfraith NP12 2EQ
Page 4
**Wye Gymnastics and Galaxy Cheerleading TRUSTEES ANNUAL REPORT**
**OBJECTIVES AND ACTIVITIES**
## **Our Charitable Aims:**
The promotion of community participation in healthy recreation, in particular by the provision of facilities to participate in gymnastics, cheerleading and gymnastics-related activities for people in Monmouthshire and Newport, particularly but not exclusively for children and young people.
## **Our Vision:**
Promoting wellbeing in our community through a passion for gymnastics and cheerleading
## **Our Mission:**
Inspiring healthy communities by creating exceptional experiences
## **Our Values:**
- Inclusive
- Fun
- Supportive
- Accountable
- Community
- We are a community club offering a range of activities, including:
- Pre-school and recreational gymnastics
- Recreational cheerleading and Dance
- Competitive gymnastics - squads in acrobatics, team gym, tumbling
- Competitive cheerleading - squads in cheer, hip hop, contemporary, lyrical and pom dance
- Holiday camps
- Outreach programmes
## **ACHIEVEMENTS AND PERFORMANCE**
## **Community Fridge**
During the pandemic, the Management Team became aware that some people in the local community were struggling financially and having their families home for a prolonged period of time, was not helping with that financial strain.
The team decided to host a Community Fridge in order to help families who may have been struggling to access food during this time.
We contacted local stores that participated in schemes which donated food that was on its sell by date and quicky began to grow a steadfast following.
This project has taken off far greater than we anticipated, with 2 local partnerships and a whole new team of volunteers.
Page 5
**Wye Gymnastics and Galaxy Cheerleading TRUSTEES ANNUAL REPORT**
## **Continuous Professional Development**
Unfortunately, the pandemic has meant that all of the scheduled courses that were planned had to be cancelled. That did not deter our staff who continued their CPD through a diverse range of courses and online workshops. These courses included:-
Infection Prevention & Control Preventing Covid-19 Food Safety Level 2 Safeguarding Time to Listen Disability Inclusion Developing Handstand Shapes Building from the Ground Up Hip Hop Coaching Course
In addition to this, our young leaders have continued their development through the Leadership Academy by completing litter picks during their daily walks in order to achieve their ‘Community Event’ target.
## **Facility Development**
We were fortunate to secure £11000.00 of funding in order to develop the facility and make improvements for our return to sport.
This saw some fantastic additions of our main facility with the space being made bigger which allowed us to install a new dance floor and mirrors.
A new streamlined look through the whole venue and the introduction of 2 new toilets, one being an accessible room, has created a centre that we are all very proud of and one which we are sure our members will love to visit for years to come
Page 6
**Wye Gymnastics and Galaxy Cheerleading TRUSTEES ANNUAL REPORT**
## **Sustaining Business Functions**
During the pandemic, we managed to secure £106,509.32 of grant funding from the Welsh Government, HMRC Furlough Scheme, Sport Wales and Welsh Gymnastics.
Throughout this time we also maintained 49% of our income from members. This was thanks to both a wonderfully loyal membership who truly wanted to see the club return after this unprecedented event, as well as our teams ability to adapt and diversify to offer activities to complete from home.
This remarkable support meant that we were able to reopen in August and we are so proud that 80% of our membership returned to us following our reopening. Unfortunately we were unable to stay open for very long and returned to lockdown after 11 weeks.
During this secondary lockdown phase, we were able to further extend our online offering, delivering led classes daily for all of our members. Due to this, 70% of our returning members continued to support the club with income dropping during this by 35%.
We are incredibly grateful for the support we have had from the government, external agencies but most of all from our members. We are very much looking forward to a time where we can be back doing what we love, focusing on rebuilding, growing and continuing to deliver exceptional experiences through our passion of gymnastics & cheerleading.
## **FINANCIAL REVIEW**
Regular financial reports are given to the Board of Trustees for financial decisions. Annual accounts are prepared for inspection.
The Board of Trustees strives to maintain reserves to ensure that the charity can continue its work. To this end it aims to hold sufficient reserves to maintain its work for twelve months.
Risk Assessment
The trustees of Wye Gymnastics and Galaxy Cheerleading recognise their responsibility to ensure that the assets and resources of the organisation are used to the best effect in order to ensure that its work continues.
## **PLANS FOR FUTURE PERIODS**
What we want to achieve over the next year:
-Rebuild our provision to pre covid figures
-Review current Business Plan
-Introduce new governance measurement tools
-Improve and introduce new governance procedures
-Achieve Silver in Disability Sport Wales Accreditation
-Introduce a programme for over 65 year olds
-Review current provisions and introduce new initiatives
-Open two new satellite clubs, one in the local area and another in a neighboring county
Page 7
**Wye Gymnastics and Galaxy Cheerleading TRUSTEES ANNUAL REPORT**
Alongside this we will continue to work towards our charitable aims through the ongoing development of our competitive and recreational programmes.
## **Our Five year plan:**
In line with our new strategy, over the next 5 years, we aim to focus on the following main strategic priorities.
-Developing lasting and valued relationships with all customers
-Diversify sources of revenue to develop and grow the provision of gymnastics & Cheerleading
-Building the capacity and grow the demand for gymnastics & cheerleading
-Continuous athlete progression through and evolving and sustainable system
-Develop people through all aspects of the organisation
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity is a charitable incorporated organisation (CIO) governed accordingly to its constitution.
The CIO is an independent charity, number CE013412.
The organisation commenced activities as a registered charity from 1st March 2018. As at 1st March 2018 the assets and liabilities of Wye Gymnastics and Galaxy Cheerleading were merged to form the registered charity.
The governing document of the organisation is its constitution and it defines the process for recruitment and appointment of trustees which is approved at the Annual General Meeting. Every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. Each trustee will receive a copy of the current constitution and a copy of the organisations trustees annual report and statement of accounts.
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Responsibility for The reporting structures within the organisation give clarity and accountability to the Trustees with contingency policies and procedures to mitigate risks.
The organisation is independent and there are no subsidiaries.
## **Public Benefit Statement**
The trustees confirm that they have complied with the duty section 17(5) of the 2011 Charities Act to have due regard to the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Page 8
**Wye Gymnastics and Galaxy Cheerleading TRUSTEES ANNUAL REPORT**
Signed on behalf of the board
S.L. Jones - Chair of Trustees E.J. Dent - Treasurer Trustee Trustee 05 November 2021 05 November 2021
Page 9
**Wye Gymnastics and Galaxy Cheerleading INDEPENDENT EXAMINERS REPORT**
## **Independent Examiner's Report to the trustees of Wye Gymnastics and Galaxy Cheerleading**
I report on the accounts of Wye Gymnastics and Galaxy Cheerleading for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.
## **Respective responsibilities of trustees and examiner**
The trustees (who are also directors of the charitable company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under s.145 of the 2011 Act;
- to follow procedures laid down in the general Directions given by the Charity Commission under s.145(5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with the Companies Act 2006, s.386 and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Charities Statement of Recommended Practice: Accounting and Reporting by Charities,
have not been met: or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Seamount Business Services Limited
Independent Examiner Gryson House The Grove Pontllanfraith NP12 2EQ 05 November 2021
Page 10
**Wye Gymnastics and Galaxy Cheerleading STATEMENT OF FINANCIAL ACTIVITIES**
## **for the year ended 31 March 2021**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
COVID 19 support
6
**Total**
**Expenditure on:**
Raising funds
Charitable activities
7
Other
8
**Total**
Net gains on investments
**Net (expenditure)/income**
**Net (expenditure)/income**
**before other gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricte**
**d funds**
**2021**
**£**
22,922
99,917
6,092
88,384|**Restricted**
**funds**
**2021**
**£**
-
-
-
-|**Total funds**
**2021**
**£**
22,922
99,917
6,092
88,384|**Total funds**
**2020**
**£**
10,822
171,562
27,156
-|
|---|---|---|---|---|
||217,315
-
23,695
199,631|-
-
-
-|217,315
-
23,695
199,631|209,540
-
42,823
159,041|
||223,326
-|-
-|223,326
-|201,864
-|
||(6,011)|-|(6,011)|7,676|
||(6,011)|-|(6,011)|7,676|
||(6,011)
9,115|-
17,500|(6,011)
26,615|7,676
18,939|
||3,104|17,500|20,604|26,615|
Page 11
**Wye Gymnastics and Galaxy Cheerleading SUMMARY INCOME AND EXPENDITURE ACCOUNT**
## **for the year ended 31 March 2021**
|Income
**Gross income for the year**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net (expenditure)/income before tax
for the year
**Net (expenditure )/income for the year**|**2021**
**£**
217,315
217,315
215,645
7,681
223,326
(6,011)
(6,011)|**2020**
**£**
209,540|
|---|---|---|
|||209,540|
|||194,654
7,210|
|||201,864|
|||7,676|
|||7,676|
Page 12
**Wye Gymnastics and Galaxy Cheerleading BALANCE SHEET**
## **at 31 March 2021**
|**Company No.**
**CE013412**
**Notes**
**2021**
**£**
**Fixed assets**
Tangible assets
10
33,838
33,838
**Current assets**
Stocks
11
650
Debtors
12
9,040
Cash at bank and in hand
34,376
44,066
**Creditors:**Amount falling due within one year
13
(7,300)
**Net current assets/(liabilities)**
36,766
**Total assets less current liabilities**
70,604
**Creditors:**Amounts falling due after more than one year
14
(50,000)
**Net assets excluding pension asset or liability**
20,604
**Total net assets**
20,604
**The funds of the charity**
**Restricted funds**
Restricted income funds
17,500
17,500
**Unrestricted funds**
General funds
9,115
Designated funds
(6,011)
3,104
**Total funds**
20,604|**2020**
**£**
27,663|
|---|---|
||27,663
650
9,396
6,591|
||16,637
(17,685)|
||(1,048)
26,615
-|
||26,615|
||26,615|
||17,500|
||17,500
9,115
-|
||9,115|
||26,615|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 05 November 2021
And signed on its behalf by:
S.L. Jones - Chair of Trustees E.J. Dent - Treasurer Trustee Trustee 05 November 2021 05 November 2021
Page 13
**Wye Gymnastics and Galaxy Cheerleading NOTES TO THE ACCOUNTS**
## **for the year ended 31 March 2021**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) - Charities SORP (FRS 102) (effective 1 January 2015) - the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Income**
|**Income**||
|---|---|
|Recognition of|Income is included in the Statement of Financial Activities (SoFA) when the charity|
|income|becomes entitled to, and virtually certain to receive, the income and the amount of|
||the income can be measured with sufficient reliability.|
|Income with related|Where income has related expenditure the income and related expenditure is|
|expenditure|reported gross in the SoFA.|
|Donations and|Voluntary income received by way of grants, donations and gifts is included in the|
|legacies|the SoFA when receivable and only when the Charity has unconditional|
||entitlement to the income.|
|Tax reclaims on|Income from tax reclaims is included in the SoFA at the same time as the|
|donations and gifts|gift/donation to which it relates.|
|Donated services|These are only included in income (with an equivalent amount in expenditure)|
|and facilities|where the benefit to the Charity is reasonably quantifiable, measurable and|
||material.|
|Volunteer help|The value of any volunteer help received is not included in the accounts.|
|Investment income|This is included in the accounts when receivable.|
|Gains/(losses) on|This includes any gain or loss resulting from revaluing investments to market value|
|revaluation of fixed|at the end of the year.|
|assets||
|Gains/(losses) on|This includes any gain or loss on the sale of investments.|
|investment assets||
Page 14
**Wye Gymnastics and Galaxy Cheerleading NOTES TO THE ACCOUNTS**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for nay trade discounts due.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
Page 15
**Wye Gymnastics and Galaxy Cheerleading NOTES TO THE ACCOUNTS**
## 3 **Income from donations and legacies**
|**Income from donations and legacies**||||
|---|---|---|---|
|Gifts
Grants|**Unrestricted**
**£**
-
22,922
22,922|**Total**
**2021**
**£**
-
22,922
22,922|**Total**
**2020**
**£**
500
10,322|
||||10,822|
## 4 **Income from charitable activities**
|Subscriptions
Annual Membership
5
**Income from other trading activities**
Competition and Spectator
Fees
Kit and Merchandise Sales
Fundraising Activities
Events
6
**Other income**
Grants (including COVID
Support)|**Unrestricted**
**£**
92,340
7,577
99,917
**Unrestricted**
**£**
(458)
3,973
2,367
-
5,882
**Unrestricted**
**£**
88,384
88,384|**Total**
**2021**
**£**
92,340
7,577
99,917
**Total**
**2021**
**£**
(458)
3,973
2,367
-
5,882
**Total**
**2021**
**£**
88,384
88,384|**Total**
**2020**
**£**
158,109
13,453|
|---|---|---|---|
||||171,562|
||||**Total**
**2020**
**£**
11,957
2,032
7,273
2,974|
||||24,236|
||||**Total**
**2020**
**£**
-|
||||-|
Page 16
**Wye Gymnastics and Galaxy Cheerleading NOTES TO THE ACCOUNTS**
## 7 **Expenditure on charitable activities**
|_Expenditure on charitable_
_activities_
Subscriptions
Annual Membership
_Governance costs_
8
**Other expenditure**
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
9
**Staff costs**
Salaries and wages
Social security costs
Pension costs|**Unrestricted**
**£**
23,695
-
23,695
**Unrestricted**
**£**
104,778
-
67,557
7,681
12,673
6,942
199,631
97,257
2,869
1,416
101,542|**Total**
**2021**
**£**
23,695
-
23,695
**Total**
**2021**
**£**
104,778
-
67,557
7,681
12,673
6,942
199,631|**Total**
**2020**
**£**
42,823
-|
|---|---|---|---|
||||42,823|
||||**Total**
**2020**
**£**
91,509
528
35,622
7,210
17,990
6,182|
||||159,041|
||||88,116
1,271
1,299|
||||90,686|
No employee received emoluments in excess of £60,000.
Page 17
**Wye Gymnastics and Galaxy Cheerleading NOTES TO THE ACCOUNTS**
## 10 **Tangible fixed assets**
|**Cost or revaluation**
At 1 April 2020
Additions
At 31 March 2021
**Depreciation and**
**impairment**
At 1 April 2020
Depreciation charge for the
year
At 31 March 2021
**Net book values**
At 31 March 2021
At 31 March 2020
11 **Stocks**
Finished goods
12 **Debtors**
Trade debtors
Prepayments and accrued income
13 **Creditors:**
amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
Accruals and deferred income
14 **Creditors:**
amounts falling due after more than one year
Bank loans and overdrafts|**£**
36,547
12,750
49,297
9,144
7,395
16,539
32,758
27,403
**2021**
**£**
650
650
**2021**
**£**
390
8,650
9,040
**2021**
**£**
4,024
-
-
3,276
7,300
**2021**
**£**
50,000
50,000|**£**
329
1,105
1,434
66
288
354
1,080
263|**£**
36,876
13,855|
|---|---|---|---|
||||50,731|
||||9,210
7,683|
||||16,893|
||||33,838|
||||27,666|
||||**2020**
**£**
650|
||||650|
||||**2020**
**£**
700
8,696|
||||9,396|
||||**2020**
**£**
7,669
1,089
3,005
5,922|
||||17,685|
||||**2020**
**£**
-|
||||-|
Page 18
**Wye Gymnastics and Galaxy Cheerleading NOTES TO THE ACCOUNTS**
## 15 **Related party disclosures**
## _**Controlling party**_
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 19
**Wye Gymnastics and Galaxy Cheerleading DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
## **for the year ended 31 March 2021**
|**Income and endowments from:**
Donations and legacies
Gifts
Grants
Charitable activities
Subscriptions
Annual Membership
Other trading activities
Competition and Spectator Fees
Kit and Merchandise Sales
Fundraising Activities
Events
Rental of Facilities
Other
Grants (including COVID Support)
**Total income and endowments**
**Expenditure on:**
Costs of generating donations and
legacies
Gifts
Grants
Costs of other trading activities
Competition and Spectator Fees
Kit and Merchandise Sales
Fundraising Activities
Events
Charitable activities
Subscriptions
Annual Membership
**Total of expenditure on charitable**
**activities**
Employee costs
Salaries/wages
Employer's NIC|**Unrestricted**
**funds**
**2021**
**£**
-
22,922
22,922
92,340
7,577
99,917
(458)
3,973
2,367
-
210
6,092
88,384
88,384
217,315
-
-
-
-
-
-
23,695
-
23,695
23,695
97,257
2,869|**Total funds**
**2021**
**£**
-
22,922
22,922
92,340
7,577
99,917
(458)
3,973
2,367
-
210
6,092
88,384
88,384
217,315
-
-
-
-
-
-
23,695
-
23,695
23,695
97,257
2,869|**Total funds**
**2020**
**£**
500
10,322|
|---|---|---|---|
||||10,822|
||||158,109
13,453|
||||171,562|
||||11,957
2,032
7,273
2,974
2,920|
||||27,156|
||||-|
||||-|
||||209,540
-
-
-
-
-
-
42,823
-|
||||42,823|
||||42,823
88,116
1,271|
Page 20
## **Wye Gymnastics and Galaxy Cheerleading DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
|Pension costs
Staff training
Travel and subsistence
Premises costs
Rent
Rates
Premises cleaning
Premises insurances
Other premises costs
General administrative costs,
including depreciation and
amortisation
Depreciation of
Depreciation of
Profit on disposal of tangible
fixed assets
Bank charges
Equipment leasing and hire
charges
Equipment repairs and
maintenance
Software, IT support and related
costs
Stationery and printing
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Consultancy fees
Other legal and professional
costs
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net (expenditure)/income**
**Net (expenditure)/income before**
**other gains/(losses)**
Other Gains
**Net movement in funds**|1,416
3,236
104,778
-
-
27,045
1,151
93
3,922
35,346
67,557
7,453
288
(60)
(51)
-
3,090
4,523
482
4,629
20,354
3,520
1,844
1,578
6,942
199,631
223,326
-
(6,011)
(6,011)
-
(6,011)|1,416
3,236
104,778
-
-
27,045
1,151
93
3,922
35,346
67,557
7,453
288
(60)
(51)
-
3,090
4,523
482
4,629
20,354
3,520
1,844
1,578
6,942
199,631
223,326
-
(6,011)
(6,011)
-
(6,011)|1,299
823|
|---|---|---|---|
||||91,509|
||||528|
||||528|
||||26,961
2,660
89
3,741
2,171|
||||35,622|
||||7,144
66
-
661
693
1,532
5,075
422
9,607|
||||25,200|
||||3,955
1,813
414|
||||6,182|
|||||
||||159,041|
||||201,864
-|
||||7,676|
||||7,676
-|
||||7,676|
Page 21
**Wye Gymnastics and Galaxy Cheerleading DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
Page 22