**REGISTERED COMPANY NUMBER: 10538994 (England and Wales) REGISTERED CHARITY NUMBER: 1190087**
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
Sherburn Community Gymnastics Club Ltd.
CFA Tax Limited Room 4 Selby Times Business Centre 11 The Cresent Selby North Yorkshire YO8 4PD
Sherburn Community Gymnastics Club Ltd.
Contents of the Financial Statements for the Year Ended 31 December 2022
|||Page||
|---|---|---|---|
|Report of the Trustees|1|to|3|
|Independent Examiner's Report||4||
|Statement of Financial Activities||5||
|Balance Sheet|6|to|7|
|Notes to the Financial Statements|8|to|14|
|Detailed Statement of Financial Activities|15|to|16|
Sherburn Community Gymnastics Club Ltd.
Report of the Trustees for the Year Ended 31 December 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of 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 of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The Clubs charity objective is the promotion of community participation in healthy recreation in particular by the provision of facilities for gymnastics.
The Club promotes this by providing opportunities for all its members and the wider community to enjoy the benefits in health, wellbeing and personal confidence that gymnastics has to offer, in a safe, friendly and fun environment.
The Club has been supported by a number of volunteers and without this contribution of their time and energy the Club would not have been able to achieve so much in the past year. The Club has 14 coaches in its employ. All the team undergo Disclosure and Barring Service checks prior to being involved in the Club. In addition to this they must attend Safeguarding and Child Protection courses. The Club also offers the coaches and staff to undergo First Aid training, Mental Health First Aid training, Fire Marshall training.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
In planning our activities for the year, we kept in mind that Charity Commissions guide on public benefit.
Although the Covid 19 pandemic seems to be under control it is still having an impact on our membership. At the beginning of 2022 our membership take up was approximately 75%, by the end of the year we were sitting at 89%. A massive improvement. We have given 1-1 training for anyone who required this again and helped Dancers from outside of the sport of gymnastics to achieve a goal of specific moves. We still work along side British Blind Sport and have registers as one of their 'Ability Partners' We have numerous gymnasts who have additional needs which cover a wide range from hearing difficulties to ADHD and autism. The Club relies heavily on gymnasts rising through the ranks and becoming coaches which is fantastic for their self development as well as the Clubs development.
## **FINANCIAL REVIEW**
## **Financial position**
Currently we have reserves at 31 December 2022 of £44,557, which are unrestricted funds and £1,000 restricted funds. The Club is continually upgrading the equipment and facility so this has an impact on reserves.
When we initially set up we purchased second hand equipment but have stated replacing those from the funds which have been available in the accounts, mainly for the safety of all our gymnasts.
Staffing costs were the highest expense of the year totalling over 55%.
Looking forward into 2023, we are looking to develop courses to run in the newly developed classroom. We are looking to expand the coaches knowledge by investing in CPD and coaching qualifications.
We are still in a strong position after a bad couple of years so would like to thank everyone for their continued support.
Page 1
Sherburn Community Gymnastics Club Ltd.
Report of the Trustees for the Year Ended 31 December 2022
## **FINANCIAL REVIEW**
## **Reserves policy**
The Clubs reserve policy is to look at having a surplus of monies to cover 6 months or running costs, which will also run along side a repairs and replacement budget and facilities upgrade. We are looking at ensuring funds are available for ongoing training surrounding CPD. With the shock of covid some of our planned surplus hasn't been achieved. But we have come through the pandemic strong with a firm grasp on the future. The Club has taken out an insurance policy which will help us finance the Club if it was to close due to unforeseen circumstances. The reserves which we would like to achieve is £74,000. We would like to say this could be achievable within 7 years, however as we are in the recovery following the pandemic period we would extend this to a 10 year goal. This is also flexible due to the amount of money which is required to replace equipment
We will of course look at reducing the time scale if the local economy picks up. Our current reserves sit at £45,557.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
10538994 (England and Wales)
## **Registered Charity number**
1190087
## **Registered office**
57 Pinfold Garth Sherburn In Elmet Leeds West Yorkshire LS25 6LE
## **Trustees**
Ms A Alderson Sports coach Miss H L Alderson Teacher Miss S P Alderson Sports coach C Littlewood Housewife S K Littlewood Retired A H Walker Retired
## **Company Secretary**
Ms A Alderson
## **Independent Examiner**
Mrs Cassandra Fennell CFA Tax Limited Room 4 Selby Times Business Centre 11 The Cresent Selby North Yorkshire YO8 4PD
Page 2
Sherburn Community Gymnastics Club Ltd.
Report of the Trustees for the Year Ended 31 December 2022
Approved by order of the board of trustees on 13 September 2023 and signed on its behalf by:
Ms A Alderson - Trustee
Page 3
Independent Examiner's Report to the Trustees of Sherburn Community Gymnastics Club Ltd.
## **Independent examiner's report to the trustees of Sherburn Community Gymnastics Club Ltd. ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mrs Cassandra Fennell
The Association of Accounting Technicians
CFA Tax Limited Room 4 Selby Times Business Centre 11 The Cresent Selby North Yorkshire YO8 4PD
13 September 2023
Page 4
Sherburn Community Gymnastics Club Ltd.
## Statement of Financial Activities for the Year Ended 31 December 2022
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2,097
**Charitable activities**
Subscriptions and memberships
184,977
Grant income
6,298
Other trading activities
2
3,986
Investment income
3
8
**Total**
197,366
**EXPENDITURE ON**
**Charitable activities**
Subscriptions and memberships
182,653
Grant income
6,298
**Total**
188,951
**NET INCOME**
8,415
**RECONCILIATION OF FUNDS**
Total funds brought forward
36,142
**TOTAL FUNDS CARRIED FORWARD**
44,557|Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
1,000
1,000|31.12.22
Total
funds
£
2,097
184,977
6,298
3,986
8
197,366
182,653
6,298
188,951
8,415
37,142
45,557|31.12.21
Total
funds
£
10,498
137,705
45,674
5,915
1|
|---|---|---|---|
||||199,793|
||||135,401
44,674|
||||180,075|
||||19,718
17,424|
||||37,142|
The notes form part of these financial statements
Page 5
Sherburn Community Gymnastics Club Ltd.
## Balance Sheet
## 31 December 2022
||||||31.12.22|31.12.21|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted||Total|Total|
|||fund|funds||funds|funds|
||Notes|£|£||£|£|
|**FIXED ASSETS**|||||||
|Tangible assets|8|30,776|1,000||31,776|31,930|
|**CURRENT ASSETS**|||||||
|Debtors|9|1,003||-|1,003|-|
|Cash at bank||28,510||-|28,510|26,464|
|||29,513||-|29,513|26,464|
|**CREDITORS**|||||||
|Amounts falling due within one year|10|(10,879)||-|(10,879)|(14,268)|
|**NET CURRENT ASSETS**||18,634||-|18,634|12,196|
|**TOTAL ASSETS LESS CURRENT**|||||||
|**LIABILITIES**||49,410|1,000||50,410|44,126|
|**CREDITORS**|||||||
|Amounts falling due after more than one|||||||
|year|11|(4,853)||-|(4,853)|(6,984)|
|**NET ASSETS**||44,557|1,000||45,557|37,142|
|**FUNDS**|13||||||
|Unrestricted funds|||||44,557|36,142|
|Restricted funds|||||1,000|1,000|
|**TOTAL FUNDS**|||||45,557|37,142|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
continued...
Sherburn Community Gymnastics Club Ltd.
Balance Sheet - continued 31 December 2022
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 13 September 2023 and were signed on its behalf by:
A Alderson - Trustee
The notes form part of these financial statements
Page 7
Sherburn Community Gymnastics Club Ltd.
Notes to the Financial Statements for the Year Ended 31 December 2022
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at varying rates on cost
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 8
continued...
Sherburn Community Gymnastics Club Ltd.
## Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **2. OTHER TRADING ACTIVITIES**
|**2.**|**OTHER TRADING ACTIVITIES**|||
|---|---|---|---|
|||31.12.22|31.12.21|
|||£|£|
||Fundraising events|2,488|2,933|
||Badges|1,498|2,982|
|||3,986|5,915|
|**3.**|**INVESTMENT INCOME**|||
|||31.12.22|31.12.21|
|||£|£|
||Deposit account interest|8|1|
|**4.**|**NET INCOME/(EXPENDITURE)**|||
||Net income/(expenditure) is stated after charging/(crediting):|||
|||31.12.22|31.12.21|
|||£|£|
||Depreciation - owned assets|4,752|4,696|
## **5. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **6. STAFF COSTS**
The average monthly number of employees during the year was as follows:
||31.12.22|31.12.21|
|---|---|---|
|Sports coach|14|14|
No employees received emoluments in excess of £60,000.
Page 9
continued...
Sherburn Community Gymnastics Club Ltd.
## Notes to the Financial Statements - continued for the Year Ended 31 December 2022
|**7.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
10,498
**Charitable activities**
Subscriptions and memberships
137,705
Grant income
24,624
Other trading activities
5,915
Investment income
1
**Total**
178,743
**EXPENDITURE ON**
**Charitable activities**
Subscriptions and memberships
135,401
Grant income
24,624
**Total**
160,025
**NET INCOME**
18,718
**RECONCILIATION OF FUNDS**
Total funds brought forward
17,424
**TOTAL FUNDS CARRIED FORWARD**
36,142|Restricted
funds
£
-
-
21,050
-
-
21,050
-
20,050
20,050
1,000
-
1,000|Total
funds
£
10,498
137,705
45,674
5,915
1|
|---|---|---|
|||199,793|
|||135,401
44,674|
|||180,075|
|||19,718
17,424|
|||37,142|
Page 10
continued...
Sherburn Community Gymnastics Club Ltd.
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **8. TANGIBLE FIXED ASSETS**
|**8.**|**TANGIBLE FIXED ASSETS**|||
|---|---|---|---|
||||Plant and|
||||machinery|
||||£|
||**COST**|||
||At 1 January 2022||58,845|
||Additions||4,848|
||Disposals||(250)|
||At 31 December 2022||63,443|
||**DEPRECIATION**|||
||At 1 January 2022||26,915|
||Charge for year||4,752|
||At 31 December 2022||31,667|
||**NET BOOK VALUE**|||
||At 31 December 2022||31,776|
||At 31 December 2021||31,930|
|**9.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||31.12.22|31.12.21|
|||£|£|
||Prepayments and accrued income|1,003|-|
|**10.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|||31.12.22|31.12.21|
|||£|£|
||Bank loans and overdrafts (see note 12)|2,111|4,838|
||Social security and other taxes|1,034|1,539|
||Other creditors|506|506|
||Accruals and deferred income|7,228|7,385|
|||10,879|14,268|
Page 11
continued...
Sherburn Community Gymnastics Club Ltd.
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
|**11.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
31.12.22
£
Bank loans (see note 12)
4,853
**12.**
**LOANS**
An analysis of the maturity of loans is given below:
31.12.22
£
Amounts falling due within one year on demand:
Bank loans
2,111
Amounts falling between one and two years:
Bank loans - 1-2 years
1,980
Amounts falling due between two and five years:
Bank loans - 2-5 years
2,873
**13.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.1.22
in funds
£
£
**Unrestricted funds**
General fund
36,142
8,415
**Restricted funds**
Sherburn in Elmet Defib
1,000
-
**TOTAL FUNDS**
37,142
8,415
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
197,366
(188,951)
**TOTAL FUNDS**
197,366
(188,951)|31.12.21
£
6,984
31.12.21
£
4,838
2,111
4,873
At
31.12.22
£
44,557
1,000
45,557
Movement
in funds
£
8,415
8,415|
|---|---|
Page 12
continued...
Sherburn Community Gymnastics Club Ltd.
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **13. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|Net
movement
At 1.1.21
in funds
£
£
**Unrestricted funds**
General fund
17,424
18,718
**Restricted funds**
Sherburn in Elmet Defib
-
1,000
**TOTAL FUNDS**
17,424
19,718
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
178,743
(160,025)
**Restricted funds**
Job retention scheme
20,050
(20,050)
Sherburn in Elmet Defib
1,000
-
21,050
(20,050)
**TOTAL FUNDS**
199,793
(180,075)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.1.21
in funds
£
£
**Unrestricted funds**
General fund
17,424
27,133
**Restricted funds**
Sherburn in Elmet Defib
-
1,000
**TOTAL FUNDS**
17,424
28,133|At
31.12.21
£
36,142
1,000
37,142
Movement
in funds
£
18,718
-
1,000
1,000
19,718
At
31.12.22
£
44,557
1,000
45,557|
|---|---|
Page 13
continued...
Sherburn Community Gymnastics Club Ltd.
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
## **13. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Job retention scheme
Sherburn in Elmet Defib
**TOTAL FUNDS**|Incoming
resources
£
376,109
20,050
1,000
21,050
397,159|Resources
expended
£
(348,976)
(20,050)
-
(20,050)
(369,026)|Movement
in funds
£
27,133
-
1,000
1,000
28,133|
|---|---|---|---|
## **14. RELATED PARTY DISCLOSURES**
Trustees, Ms A Alderson was paid £33.475 (2021: £33,456) for coaching and teaching and Miss S Alderson was also paid £23,070 (2020; £21,009) for coaching and teaching in the club as declared by the charity.
Page 14
Sherburn Community Gymnastics Club Ltd.
## Detailed Statement of Financial Activities for the Year Ended 31 December 2022
||31.12.22|31.12.21|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Other income|2,097|10,498|
|**Other trading activities**|||
|Fundraising events|2,488|2,933|
|Badges|1,498|2,982|
||3,986|5,915|
|**Investment income**|||
|Deposit account interest|8|1|
|**Charitable activities**|||
|Subscriptions|182,054|123,251|
|Grants|6,298|45,674|
|Donations|2,923|14,454|
||191,275|183,379|
|**Total incoming resources**|197,366|199,793|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Wages|104,447|102,722|
|Pensions|3,834|3,582|
|Rates and water|376|398|
|Insurance|10,318|8,985|
|Light and heat|7,321|3,115|
|Telephone|498|463|
|Postage and stationery|596|514|
|Advertising|1,381|1,506|
|Sundries|977|3,413|
|Repairs and renewals|9,189|3,976|
|Clothing and costumes|2,491|3,911|
|Subscriptions|1,316|1,093|
|Travel and accommodation|100|869|
|Refreshments|1,229|1,191|
|Staff training|228|2,986|
|Repairs and renewals|-|107|
|Rent|34,000|34,003|
|Competitions and display team|4,226|1,025|
|Plant and machinery|4,752|4,697|
|Carried forward|187,279|178,556|
This page does not form part of the statutory financial statements
Page 15
Sherburn Community Gymnastics Club Ltd.
## Detailed Statement of Financial Activities for the Year Ended 31 December 2022
||31.12.22|31.12.21|
|---|---|---|
||£|£|
|**Charitable activities**|||
|Brought forward|187,279|178,556|
|Bank interest|546|480|
||187,825|179,036|
|**Support costs**|||
|**Governance costs**|||
|Accountancy and legal fees|1,126|1,039|
|Total resources expended|188,951|180,075|
|**Net income**|8,415|19,718|
This page does not form part of the statutory financial statements
Page 16