EXETER GYMNASTIC CLUB
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2022
EXETER GYMNASTIC CLUB
ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2022
CONTENTS
| Pages | |
|---|---|
| Trustees’ annual report | 1-3 |
| Independent examiners report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the accounts | 7-9 |
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EXETER GYMNASTIC CLUB
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2022
Legal and Administrative Information
Charity name Exeter Gymnastic Club Registered number 294294 Principal address Bull Meadow Park Bull Meadow Road Exeter EX2 4JF Trustees Management committee of trustees Timothy Johns -Chair Alan Cleave -Secretary Sebastian Martens -Treasurer Richard Franks Michael Richardson Marie Evans Yvonne Budd Heidi Connet -Co-opted member Holding trustees Richard Franks Meriel Fry Timothy Johns Alan Cleave Bankers HSBC 9 St Thomas Centre Cowick Street Exeter EX4 1DD Accountant and Simon A Martin Accountants Independent examiner Kerslakes Court King Street Honiton EX14 1DA Structure governance and management Governing document Constitution as last amended 15 November 2006 How the charity is constituted Club consisting of approximately 912 members Trustee selection method Trustees are appointed or reappointed annually at the Annual General Meeting
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EXETER GYMNASTIC CLUB
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2022
Objectives and activities
Objects of the charity The aims of the club are to provide or assist in the provision of a facility and coaching which will enable pre-school children and students of schools and universities to undertake gymnastics and to provide or assist in the provision of sports equipment for the use of such students. To promote provide or assist in the promotion and provision of the training of teachers and coaches for the purpose of training gymnastics.
Activities achievements and performance
Summary of the main activities
All our charitable activities focus on the club’s main and undertaken objectives to further our charitable purposes for the benefit of both club members and their visitors.
Following COVID-19 Lockdowns this is the first year we have resumed receiving membership fees which has alleviated any fund-raising pressure on the purchase of new gymnastic equipment.
Moreover, given the positive net contributions from rent and membership fees this year alongside our policy to reinvest surplus funds we are in a position to begin the planned restoration of the building, specifically the windows.
The net revenue for this year, for the hire of part of our premises to Exeter Cheer (Starlite’s) and Taekwondo has brought in just over £1,341.
Membership numbers as at 31 August 2022 is 961.
EGC trustees thank all the ‘Friends’ for their continued support and efforts over the past year and hope they will continue to support the new committee.
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EXETER GYMNASTIC CLUB
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2022
Financial Review
Reserves Policy
The policy of the charity is that income should cover charitable activities costs. The unrestricted reserves are held to cover any deficit.
Holding trustees
The freehold property is being held for the charity in the names of the holding trustees.
Declaration
The trustees declare that they have approved the Trustees’ report above and have authorised me to sign on their behalf.
Sebastian Martens Treasurer Date………………………….
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EXETER GYMNASTIC CLUB
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF EXETER GYMNASTIC CLUB
I report on the accounts of the charity for the year ended 31 August 2022 which are set out on pages 5 to 9.
Respective responsibilities of Trustees and examiner
The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act)) and that an independent examination is needed. It is my responsibility to: -examine the accounts (under section 43 of the act) -to follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the act), and
- -to state whether particular matters have come to my attention.
Basis of independent examiners statement
My examination was carried out in accordance with general directions given by the Charity Commissioners. 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 the trustees concerning any such matters. The procedures undertaken 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 examiners statement
In the course of my examination no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material respect the requirements: -to keep accounting records in accordance with section 41 of the act and
-
-to prepare accounts which accord with the accounting records and comply with accounting requirements of the 1993 Charities Act have not been met: or
-
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Claire Barrow
Simon A Martin Accountants
Kerslakes Court, King Street, Honiton, EX14 1DA
Date………………
4
EXETER GYMNASTIC CLUB STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2021
| Unrestricted Restricted Funds Funds Notes £ £ INCOMING RESOURCES Incoming resources from generated Funds -Voluntary income Donations – Mens Keep Fit Gift aid Exeter City Council Grant Sundry Interest 2 -Activities for generating funds Sundry Income - Cheer 18,587 Fundraising activities 3 - Sleepover - Taekwondo 756 Rents (Net) 12,300 Membership fees 9,524 Brazil funds Shop - TOTAL INCOMING RESOURCES 41,167 RESOURCES EXPENDED Cost of generating funds 3 Cheer 17,254 Loan Interest (Recovered) - Insurance 3,273 Bank charges 45 Repairs and maintenance - Taekwondo 748 Bursary – Yeo - Depreciation 6,236 EOGC – Donation - Governance cost Accountancy including Independent examiners fee 696 TOTAL RESOURCES EXPENDED 28,246 NET INCOMING/OUTGOING RESOURCES 12,915 TOTAL FUNDS AT 1/9/2021 478,596 _ TOTAL FUNDS AT 31/8/2022 491,511 ____ |
Total 2022 £ - - - 2 - 18,587 - - 756 12,300 9,524 _- 41,167 17,254 - 3,273 45 - 748 - 6,236 - 696 28,252 12,915 478,596 491,511 |
Total 2021 £ 1300 325 26143 2 1 11,284 600 - 3,192 - 1,930 __234 45,010 7,124 - 2,904 - - - 2,500 7,419 25,443 684 46,074 (1,064) 479,660 |
Total 2021 £ 1300 325 26143 2 1 11,284 600 - 3,192 - 1,930 __234 45,010 |
|---|---|---|---|
| 7,124 - 2,904 - - - 2,500 7,419 25,443 684 46,074 |
|||
| 478,596 |
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EXETER GYMNASTIC CLUB
BALANCE SHEET AT 31 AUGUST 2022
| FIXED ASSETS Notes Tangible assets 5 CURRENT ASSETS Stock Debtors 6 Cash in hand Cash at bank CREDITORS;Amounts falling due within one year 7a NET CURRENT ASSETS NET ASSETS 8 FUNDS OF THE CHARITY Unrestricted -General -Designated Restricted TOTAL FUNDS |
£ - 844 389 35,122 36,355 696 |
2022 £ 455,852 35,659 491,511 35,659 455,852 ______ 491,511 |
£ - 740 389 16,069 17,198 690 |
2021 £ 462,088 16,508 478,596 |
|---|---|---|---|---|
| 16,508 462,088 ______ 478,596 |
Declaration The trustees declare that they have approved the above accounts and have authorised me to sign on their behalf
Sebastian Martens Treasurer Date…………..
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EXETER GYMNASTIC CLUB
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2022
1 BASIS OF PREPARATION
Basis of accounting
These accounts have been prepared under the historical cost convention and in accordance with accounting and reporting by charities – Statement Of Recommended Practice (SORP 2005) and applicable accounting standards.
- 2 ACCOUNTING POLICIES
Incoming resources
These are included in the statement of financial activities when the charity becomes entitled to the resources, certain of receipt and the amount can be measured with sufficient reliability.
Investment income is recognised on a receivable basis.
Resources expended
Expenditure is recognised when a liability is incurred.
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation
Depreciation is provided to write off the cost of fixed assets on reducing balance basis over their useful lives at the following rate.
Equipment 15% per annum Fixtures & Fittings 20% per annum
No depreciation is provided on freehold building or improvements thereon.
Stock
The stock is valued at the lower of cost and net realisable value.
3 INCOMING RESOURCES
| INCOMING RESOURCES | ||||
|---|---|---|---|---|
| Proceeds | Costs | Net | 2021 | |
| £ | £ | £ | £ | |
| Shop | - | - | - | 234 |
| Taekwondo | 756 | 748 | 8 | - |
4 TRUSTEES EXPENSES
Trustees were not reimbursed for expenses incurred during the year.
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EXETER GYMNASTIC CLUB
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2022
| 5 TANGIBLE FIXED ASSETS Freehold Property Improvements to Freehold Property Equipment Fixtures & Fittings £ £ £ £ Cost or valuation At 1 September 2021 203,348 219,007 128,295 10,227 Additions __- _- __- -____- At 31 August 2022 203,348 219,007 128,295 10,227 Depreciation At 1 September 2021 94,092 4,697 Charge for the year 5,130 1,106 At 31 August 2022 99,222 5,803 Net book value At 31 August 2022 203,348 219,007 29,073 4,424 At 31 August 2021 203,348 219,007 34,203 5,530 6 7a CREDITORS 2022 £ DEBTORS Sundry Prepayments 844 Amounts falling due within one year Sundry Accruals 696 |
Total £ 560,877 _____- 560,877 |
|---|---|
| 98,789 6,236 105,025 |
|
| 455,852 | |
| 462,088 | |
| 2021 £ 740 690 |
8
EXETER GYMNASTIC CLUB
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2022
8 ANALYSIS OF NET ASSETS BY FUNDS
| General Designated £ £ Fixed Assets - 455,852 Current Assets 36,355 - Current Liabilities 696 - 35,659 455,852 |
Total £ 455,852 36,355 (696) 491,511 |
|---|---|
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