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|
1
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
1
## 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.
2
## 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………………………….
3
## 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:
1. 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
2. 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||
5
## 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…………..
6
## 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.
7
## 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|
|---|---|
9