**Sutton School of Gymnastics** Charity No (if any) 293137 Annual accounts for the period Period start date **To 04/20** Period end date **03/21** ## **Section A Statement of financial activities** |
**Recommended categories by**
**activity**|Guidance Notes
|
**Unrestricted**
**funds**|
**Restricted**
**income**
**funds**|
**Endowment**
**funds**|**Total funds**|**Prior year**
**funds**| |---|---|---|---|---|---|---| |||**£**|**£**|**£**|**£**|**£**| |**Incoming resources (Note 3)**||F01|F02|F03|F04|F05| |**Income and endowments from:**||||||| |Donations and legacies|S01|-|-|-|-|-| |Charitable activities|S02|214,467|-|-|214,467|341,888| |Other trading activities|S03|-|-|-|-|-| |Investments|S04|-|-||-|-| |Separate material item of income|S05|-|-|-|-|-| |Other|S06|-|-|-|-|-| |**_Total_**|S07|214,467|-|-|214,467|341,888| |**Resources expended (Note 6)**||||||| |**Expenditure on:**||||||| |Raising funds|S08|-|-|-|-|-| |Charitable activities|S09|268,821|-|-|268,821|359,805| |Separate material item of expense|S10|-|-|-|-|-| |Other|S11|-|-|-|-|-| |**_Total_**|S12|268,821|-|-|268,821|359,805| |**Net income/(expenditure) before investment**||||||| |**gains/(losses)**|S13|- 54,354|-|-|- 54,354|- 17,918| |Net gains/(losses) on investments|S14|-|-|-|-|-| |**Net income/(expenditure)**|S15|- 54,354|-|-|- 54,354|- 17,918| |**Extraordinary items**|S16|-|-|-|-|-| |**Transfers between funds**|S17|-|-|-|-|-| |**Other recognised** **gains/(losses):**||||||| |Gains and losses on revaluation of fxed assets for the charity’s own use|S18|-|-|-|-|-| |Other gains/(losses)|S19|-|-|-|-|-| |**_Net movement in funds_**|S20|- 54,354|-|-|- 54,354|- 17,918| |**_Reconciliation of funds:_**||||||| |Total funds brought forward|S21|- 13,101|-|-|- 13,101|4,817| |**_Total funds carried forward_**|S22|- 67,455|-|-|- 67,455|- 13,101| |1||||||| ## **Section B Balance sheet** |||Guidance Notes|**Unrestricted**
**funds**|**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Restricted**
**income**
**funds**
**Endowment**
**funds**| |---|---|---|---|---|---|---| ||||**£**|**£**|**£**|| |**Fixed assets**|||F01|F02|F03|| |**Intangible assets**|**(Note 15)**|B01|-||-|-| |**Tangible assets**|**(Note 14)**|B02|175,005||-|-| |**Heritage assets**|**(Note 16)**|B03|-||-|-| |**Investments**|**(Note 17)**|B04|-||-|-| |**Current assets**|**_Total fxed assets_**|B05|175,005||-|-| |**Stocks**|**(Note 18)**|B06|-||-|-| |**Debtors**|**(Note 19)**|B07|196||-|-| |**Investments**|**(Note 17.4)**|B08|-||-|-| |**Cash at bank and in**|**hand (Note 24)**|B09|65,895||-|-| |**_Total current assets_**||B10|66,091||-|-| |**Creditors: amounts**|**falling due**|||||| |**within one year**|**(Note 20)**|B11|- 2,964||-|-| |**_Net current assets/(liabilities)_**||B12|69,055||-|-| |**_Total assets less_**|**_current liabilities_**|B13|244,060||-|**-**| |**Creditors: amounts**|**falling due after**|||||| |**one year (Note 20)**||B14|-||-|-| |**Provisions for liabilities**||B15|-||-|-| |**_Total net assets or liabilities_**||B16|244,060||-|-| |**Funds of the Charity**||||||| |**Endowment funds (Note 27)**||B17|-|||| |**Restricted income funds (Note 27)**||B18|||-|| |**Unrestricted funds**||B19|244,060|||-| |**Revaluation reserve**|**_Total funds_**|B20
B21|244,060||-|-| |Signed by one or two trustees on behalf of all||||||| |the trustees|||Signature|||Print N| CC17a (Excel) 2 01/24/2022 **----- Start of picture text -----**
Total this Total last
year year
£ £
F04 F05
- -
175,005 194,450
- -
- -
175,005 194,450
- -
196 101
- -
65,895 106,822
66,091 106,923
- 2,964 634
69,055 106,289
244,060 300,739
- -
- -
244,060 300,739
- -
- -
244,060 300,739
-
244,060 300,739
Date of
Name approval
dd/mm/yyyy
**----- End of picture text -----**
CC17a (Excel) 3 01/24/2022 ## **Sutton School of Gymnastics Financial Activities** ## **April 2020 - March 2021** |**Income**
**British Gymnastics**
**Charitable activites**
**Donations and legacies**
**Fees**
**Furlough**
**Grant for small businesses**
**Gym hire**
**Joining fee**
**Nat Gap Book**
**Uncategorised Income**
**Uniform**
**Total Income**
**Total**
**Expenditures**
**Accounting**
**Bank charge**
**BG Membership**
**Building work**
**Competition Entry**
**Dbs**
**Depreciation**
**Electricity**
**Employee Pension Liability**
**Employer National Insurance Expense**
**Employer Pension Expense**
**Employer Pension Liability**
**Equipment**
**GoCardless Fees**
**Insurances**
**Nat Gap Award scheme**
**Ofce/General Administrative Expenses**
**Other Professional Services**
**Phone Costs**
**Printing, Postage and Stationery**
**Rates**
**Rent**
**Repair and maintenance**
**Tuck**
**Uncategorised Expenditure**
**Uniform expenses**
**Wages**
**Wages Expense**
**Waste collection**
**Website**
**World Pay expenses**
**Total Expenditures**
**Net Operating Income**
**Net Income/(Expenditure)**|13,063.00
2,931.28
2,008.84
73,305.65
75,853.90
40,285.86
210.00
1,395.00
16.00
1,394.03
4,003.00| |---|---| ||**£ 214,466.56**| ||**£ 214,466.56**
414.58
-150.00
6,717.00
190.00
-50.00
30.00
17,501.00
4,967.07
-3,909.61
12,290.28
2,932.23
-2,932.23
1,485.40
366.43
1,724.83
76.10
4,472.77
2,072.76
2,223.25
140.75
83.80
51,617.96
3,896.07
176.65
208.47
3,912.71
12,915.44
143,575.00
810.50
588.45
473.11| ||**£ 268,820.77**| ||**-£ 54,354.21**| ||**-£ 54,354.21**| **Notes to Accounts** Total Income did not reach £250k therefore basic submission has been completed ## **COVID IMPACT** ## **Timetable of Closures for the financial year** 03/18/2020 to 08/17/2020 11/05/2020 to 12/04/2020 01/04/2021 to 04/12/2021 **TOTAL 9 months 75% clos** Fees in year 73,306 Previous Year fees 277,220 The gym was closed for 9 months of the financial year which is 75% of the year. Looking at fees these also reduced by 74% so in line with the closure timings 100% of wages was paid throughout the year to all staff, this was supported by the furlough sc grant initiative and funds in bank Reduction in income YOY - 127,420 Reduction in Expenses 86,602 **TOTAL Net Reduction -40,818** Funds in bank reduced by £40,926 but are still at a healthy level with no risk to the operation forward (funds in bank at year end of £66k) ## **Activities in Year** 1. Depreciation remains at 10%, no additional equipment was purchased in year 2. Finances are being managed through Quickbooks 3. Accounts are produced under the accrual basis 5 months 1 month 3.5 months ## **s in financial year ed in year** cheme, the small of the club going **Sutton School of Gymnastics** Charity No (if any) 293137 Annual accounts for the period Period start date **To 04/20** Period end date **03/21** ## **Section A Statement of financial activities** |
**Recommended categories by**
**activity**|Guidance Notes
|
**Unrestricted**
**funds**|
**Restricted**
**income**
**funds**|
**Endowment**
**funds**|**Total funds**|**Prior year**
**funds**| |---|---|---|---|---|---|---| |||**£**|**£**|**£**|**£**|**£**| |**Incoming resources (Note 3)**||F01|F02|F03|F04|F05| |**Income and endowments from:**||||||| |Donations and legacies|S01|-|-|-|-|-| |Charitable activities|S02|214,467|-|-|214,467|341,888| |Other trading activities|S03|-|-|-|-|-| |Investments|S04|-|-||-|-| |Separate material item of income|S05|-|-|-|-|-| |Other|S06|-|-|-|-|-| |**_Total_**|S07|214,467|-|-|214,467|341,888| |**Resources expended (Note 6)**||||||| |**Expenditure on:**||||||| |Raising funds|S08|-|-|-|-|-| |Charitable activities|S09|268,821|-|-|268,821|359,805| |Separate material item of expense|S10|-|-|-|-|-| |Other|S11|-|-|-|-|-| |**_Total_**|S12|268,821|-|-|268,821|359,805| |**Net income/(expenditure) before investment**||||||| |**gains/(losses)**|S13|- 54,354|-|-|- 54,354|- 17,918| |Net gains/(losses) on investments|S14|-|-|-|-|-| |**Net income/(expenditure)**|S15|- 54,354|-|-|- 54,354|- 17,918| |**Extraordinary items**|S16|-|-|-|-|-| |**Transfers between funds**|S17|-|-|-|-|-| |**Other recognised** **gains/(losses):**||||||| |Gains and losses on revaluation of fxed assets for the charity’s own use|S18|-|-|-|-|-| |Other gains/(losses)|S19|-|-|-|-|-| |**_Net movement in funds_**|S20|- 54,354|-|-|- 54,354|- 17,918| |**_Reconciliation of funds:_**||||||| |Total funds brought forward|S21|- 13,101|-|-|- 13,101|4,817| |**_Total funds carried forward_**|S22|- 67,455|-|-|- 67,455|- 13,101| |1||||||| ## **Section B Balance sheet** |||Guidance Notes|**Unrestricted**
**funds**|**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Restricted**
**income**
**funds**
**Endowment**
**funds**|**Restricted**
**income**
**funds**
**Endowment**
**funds**| |---|---|---|---|---|---|---| ||||**£**|**£**|**£**|| |**Fixed assets**|||F01|F02|F03|| |**Intangible assets**|**(Note 15)**|B01|-||-|-| |**Tangible assets**|**(Note 14)**|B02|175,005||-|-| |**Heritage assets**|**(Note 16)**|B03|-||-|-| |**Investments**|**(Note 17)**|B04|-||-|-| |**Current assets**|**_Total fxed assets_**|B05|175,005||-|-| |**Stocks**|**(Note 18)**|B06|-||-|-| |**Debtors**|**(Note 19)**|B07|196||-|-| |**Investments**|**(Note 17.4)**|B08|-||-|-| |**Cash at bank and in**|**hand (Note 24)**|B09|65,895||-|-| |**_Total current assets_**||B10|66,091||-|-| |**Creditors: amounts**|**falling due**|||||| |**within one year**|**(Note 20)**|B11|- 2,964||-|-| |**_Net current assets/(liabilities)_**||B12|69,055||-|-| |**_Total assets less_**|**_current liabilities_**|B13|244,060||-|**-**| |**Creditors: amounts**|**falling due after**|||||| |**one year (Note 20)**||B14|-||-|-| |**Provisions for liabilities**||B15|-||-|-| |**_Total net assets or liabilities_**||B16|244,060||-|-| |**Funds of the Charity**||||||| |**Endowment funds (Note 27)**||B17|-|||| |**Restricted income funds (Note 27)**||B18|||-|| |**Unrestricted funds**||B19|244,060|||-| |**Revaluation reserve**|**_Total funds_**|B20
B21|244,060||-|-| |Signed by one or two trustees on behalf of all||||||| |the trustees|||Signature|||Print N| CC17a (Excel) 2 01/24/2022 **----- Start of picture text -----**
Total this Total last
year year
£ £
F04 F05
- -
175,005 194,450
- -
- -
175,005 194,450
- -
196 101
- -
65,895 106,822
66,091 106,923
- 2,964 634
69,055 106,289
244,060 300,739
- -
- -
244,060 300,739
- -
- -
244,060 300,739
-
244,060 300,739
Date of
Name approval
dd/mm/yyyy
**----- End of picture text -----**
CC17a (Excel) 3 01/24/2022 ## **Sutton School of Gymnastics Financial Activities** ## **April 2020 - March 2021** |**Income**
**British Gymnastics**
**Charitable activites**
**Donations and legacies**
**Fees**
**Furlough**
**Grant for small businesses**
**Gym hire**
**Joining fee**
**Nat Gap Book**
**Uncategorised Income**
**Uniform**
**Total Income**
**Total**
**Expenditures**
**Accounting**
**Bank charge**
**BG Membership**
**Building work**
**Competition Entry**
**Dbs**
**Depreciation**
**Electricity**
**Employee Pension Liability**
**Employer National Insurance Expense**
**Employer Pension Expense**
**Employer Pension Liability**
**Equipment**
**GoCardless Fees**
**Insurances**
**Nat Gap Award scheme**
**Ofce/General Administrative Expenses**
**Other Professional Services**
**Phone Costs**
**Printing, Postage and Stationery**
**Rates**
**Rent**
**Repair and maintenance**
**Tuck**
**Uncategorised Expenditure**
**Uniform expenses**
**Wages**
**Wages Expense**
**Waste collection**
**Website**
**World Pay expenses**
**Total Expenditures**
**Net Operating Income**
**Net Income/(Expenditure)**|13,063.00
2,931.28
2,008.84
73,305.65
75,853.90
40,285.86
210.00
1,395.00
16.00
1,394.03
4,003.00| |---|---| ||**£ 214,466.56**| ||**£ 214,466.56**
414.58
-150.00
6,717.00
190.00
-50.00
30.00
17,501.00
4,967.07
-3,909.61
12,290.28
2,932.23
-2,932.23
1,485.40
366.43
1,724.83
76.10
4,472.77
2,072.76
2,223.25
140.75
83.80
51,617.96
3,896.07
176.65
208.47
3,912.71
12,915.44
143,575.00
810.50
588.45
473.11| ||**£ 268,820.77**| ||**-£ 54,354.21**| ||**-£ 54,354.21**| **Notes to Accounts** Total Income did not reach £250k therefore basic submission has been completed ## **COVID IMPACT** ## **Timetable of Closures for the financial year** 03/18/2020 to 08/17/2020 11/05/2020 to 12/04/2020 01/04/2021 to 04/12/2021 **TOTAL 9 months 75% clos** Fees in year 73,306 Previous Year fees 277,220 The gym was closed for 9 months of the financial year which is 75% of the year. Looking at fees these also reduced by 74% so in line with the closure timings 100% of wages was paid throughout the year to all staff, this was supported by the furlough sc grant initiative and funds in bank Reduction in income YOY - 127,420 Reduction in Expenses 86,602 **TOTAL Net Reduction -40,818** Funds in bank reduced by £40,926 but are still at a healthy level with no risk to the operation forward (funds in bank at year end of £66k) ## **Activities in Year** 1. Depreciation remains at 10%, no additional equipment was purchased in year 2. Finances are being managed through Quickbooks 3. Accounts are produced under the accrual basis 5 months 1 month 3.5 months ## **s in financial year ed in year** cheme, the small of the club going CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of SLrtlon School of Gymnastics On accounts for thg year ended March 2021 Charity no {if any) 293137 Sel out on pagos i¥￿embE￿ Ihe page. riijinbers of additional I report to th8 trustees on my examination of the accounts of the above charity {"the Trust-) for the year ènded 3110312021. Responslbllltles and basls (rf report As the charitvs trustees. you are responsible for the preparatlon of the accounts in accordance with the requirements of thè Charilies Act 2011 ('the Act.). I report in respect of my examinatlon of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examlnation. I have followed all the applicable Directions given by the Charity CommSsslon under section 145(5Xb) of Ihe Act. Independent tThe charity's gross income exceeded £250.000 and l am quallfled to examlnor's statement undertake Ihe eXaMinat￿n by b8ing a quallfied member of the Charted Institute of Management Accountants. I hav8 no conc8ms and have ￿me across no othèr matters In connection with the examlnation to which attention should be drawn in this report In order lo enable a prO￿r understanding of the accounts to be reached. Slgned: Date: 19 Oi lo21 Narne: ALJs0￿ 6ILIÉ. Relevanl professional qualification