REGISTERED CHARITY NUMBER: 512109 Report t)f th¢ Trn$t¢u •nd Unaudlt¢d Flnanclal St•¢em¢nts for the Y¢•r EDded 31st August 2020 ror Crewe & Nantwlch Gymtt#stl¢ys & Cornmunltles Activi¢Ses Associati• Hardings Chartered Accountants 6 Marsh Parddc Newcastle-under-Lyrne Staffordshire ST5 IDU Crewe & NaDtivicb GymD*$tic5 & Commuuities Activhtes Associ•tAo Contents of the Fin•ncixl Stitements for the Y¢4r LI￿ed 31$t August 2020 Page Reference and AdmlTrlgtradve Det4 Report ofthe Trnslees lftdependtnt ExAmlner's Rtport atemetst &fF5nall¢l*l ACti￿tIeS BAl%n¢¢ She¢¢ Nots$ io the FSnxn¢lal St•¢ements 10 to 16 DetAlltd StAtement of Flnantlll A¢tlvlde8 17 Crewe & N#DtwAch Gym￿￿*1¢5 & CommuDitieJ Attivlties Asjoeiatlo Reference #Dd Administratlve Details foT the Year Ended 31st August 2020 Trustees Mr S Deeley Ch Mrs C Hushes Treasurer Mrs M Hazell Secretary P Ha2ell Vice Chalr PrlD¢lp#l iddress The Catnm Stred Centre Camm Street Cheshire CW2 7DN Registered eharlty n￿mber 512109 Independellt ex*mlner Hudin8S Chartered Acwinthnts 6 Marsh Parade Newcasile-Und¢r-L￿￿e Siaffordshire ST5 IDU Crewe & NaDtsvich Gyn￿9$ti¢3 & Communlties Aetivitiex AMotixtlo• Report of the Trustee5 for the Year Ended 315t August 20211 The tsithes present thety report with the fJt)anctal sthtemcltts of the than.ty for the year ended 3 1st August 2020. The tn￿tee5 have adopied the provisions of Accountin8 and Reporting by Chariues.. Statement of Recommcoded Practice applicable to chariiies preparing thelr accounts in accordance with the FiDancia] Rqyorting stalld￿d applicable in the UK and RepubIi¢ of Ireland {FRS 102) {effectiv¢ l January 2019). Objeetives and attATrltles Objtctfves and aim It Is our ttitentton to provide opp￿ltieS for all Wially in 8yvmastie8 wh¢re we have a depth of experience and reputatioll. We are well established in the community and provide athdt fitnus attd well_being p￿￿arnMe5 through our personal trainers provtding programmes ond one lo one support where ncce&8ary. With the growth in attention in aduli h¢aJth and wellbeins, we believe we are well placed to tsk¢ &fv&nta8e ofthi"$ OppOr￿ttlty. We provide sp¢cifJc facilities for ethnÈe minorities. with a women only fitness ￿ And f¢KUS¢d training inforn)ation in 8ev¢ral of th¢ locally based languages. (hjr long tern) aim is to continue our Contribution io th¢ community and 10 add to the succes5 olall our Bynmasts who have passed through including ih¢ many who have ￿OWn from gymnasts 10 ¢oachc5. We have 8 glinn￿l who 15 registere4J thsabled who repTe8ents the club and cuThetttly is the Bniish Women's Artistic champion. We have provi(kd a support to education in the borough for rn￿Y years, and con(ia]ue to do so through ViSltin8 pnmary schoots on a regular b&sis, h¢lpJng to introduce a scheme of fitness And gymn￿1¢$ skills with the assist8nc¢ of the staff of the sehool and theT¢by contnbutsng to improving statTawareoess and porticipatson in sport by the Children. Our volunteers contribute massively io the nu)niD8 of th¢ Cthtre. without their support we would not be able ts) provide the quality of coa¢hiTh8 ai the minimal cost level. Other.%ports ¢lubs rent space from the eharity to pmvide a similar service. We also provide filness fa¢iliti¢s for adults including dietary infornjation. We aft reachin8 Out to other sports and charitsble or8anisatioD 10 cottsider how w¢ rnt8bt bc of help to their organisations. W¢ have invested rnon¢y in Tesearehin8 the viabtlity of moving the ccntrc to a new PTOQW, whicb has always been a lon8 tenn aim. Th¢ rew)rt , WTitten by Acttve Chcshire, independendy demonstrated the need for ow s¢rvi¢e proyision iti the local atta, retsJminR score5 in the upper (DWtiIè kty pornnettt¥. Crewe & Nantlvith Gymmastles & Communitl£s Activities A$50tlatio Report of the Trustees for the Year Ended 31st Angust 202 Achicvement and Perform￿ce By ensuring the fees ar¢ kept to a mintmum. the usage of the fitness 8Teas of the gym have increase41 which tosether with room rentaj h&$ eJj5Ur￿ a ¢Otttribution to the health aT¥J well being of th¢ wulation of Crcwe and Nantwich. We have increased the number of OUT personal trdiners and developed a ratjge of individual traittiDg Options linked to health programme5. We have signiftcantly improved participats.on from ethnic minorits.es by developing our Wonlen only section And en¢ouraged links the IoL4 Polish and E&st Timor populations. GyTlJll8Stics has continued to be sutLX$5ful over 480 gymDuts have be¢n aitendm8 the cknb, ofi¢n rnore than once per week and for over 15 hour5 per week for higher level indivithjab. After over 30 ye￿$ of trdding we now are welcoming second generats"OD us¢rs to the centr¢. We have representatives of the European Tekn) 8ym team att¢rtthng the club tO8ethcr with the Women's, Artists"¢ British Disabilities Champio Involvcment in local, regional and natiottal gymnastics eompeutiolls ¢onthbut¢ to the ¢hildrcn saining e¢)nfidence ID their own abilitse5. We aim io give ¢very cbild the opporntthity io aiiend a competitson and hold internal ¢hAllen8¢5 to ettswe all gymnasts Bain an athiev¢menl and have a r￿ord of progreks iti the sport. The Team s¢¢tion continued to grow with success ai th¢ Briiisb finals. We contsnu¢ to provide training facilities for thc 8ymnasts of the national squad who a￿ based ID the north. Th¢ Chrrstmas op¢n Sessio￿ wer¢ enjoyed by over 4Crf) specwors in sessions. li is a gaia cel¢brats"on of the 4chi¢vements of every group of gyrnnlsts througbout the club and is a fitting climax ￿ the year. We are providing disptay teams forch8rit8bl¢ ¥¢ivities 6ueh as F.Ili¢'s Wish which ts a Cystic Fibrts5is charity. In Summary.. we have aetivety in￿e#s¢d our littka8¥ with local ¢baritse4 and key opinion forn)ers in the community, building the basi$ for inv¢stmeni in r¢l(*ation. FingnelAI r¢vlew Princlpal fundlng sourc¢$ Likc many other similar bu5inety¢g the Covid pandemic hes sisnifieantly changed our fjnancial perfomunce. W¢ w¢re fully rlosed from 24th March until 18th July and be￿Ce0 thcn and year cnd w¢ had very ￿￿tricted usage. We maintsincd activitt¢s th¥ough 7(4>m conneciions bui under thc (urf￿gh scheme, we werc noi aJlowe4] io char8¢ for the Service. W¢ rttciv¢d s¢veral 8raRl$ to help 5uppon thi$ acts.yity and used the furlough scheme {with stsff agr¢ement} to thc full. We had tn lobby for grani Aid from local council, bui eventually receiva money through this channel as well. We took the maximum bounce back loan and have agreed to repay over 10 ycar5 at 2.5•/• (the best low c05t lo&n avaIlablc).The year September 2020 to Au8USt 2021 will ¢onlw"n fitrther Covid related losses but room hire and general membership are recovemg. W¢ took the opponunity to improve ￿me of th• f#GilitiaJ aml ￿ r¢or8athsc Ihe layout of the centre which has reduced the rnnntng ¢05ts ind 5egre8ated gymn&sts from adult customers. Invesuneni in new equipmeni has ensured we have mai¢Jt&ined our client base. Given that rnany fitrye￿ ¢entres and gyIDn￿ticS clubs have struggled over the 12 months. we feel the achicvement of restriCting1055cs ￿ £48,038 given a10&8 oldirect incorn¢ of £134,472, Is an achieve]n¢nt. We have ielained m05t of our customers, all olour staff and 8ained llew wer5 in both gymn￿li¢S and fitrw. In Summgry. A stgnificani downturn income, all Coyid drtven, h&$ be¢￿ mitigatcd by usag¢ of grants and the support of stsff and cltents. Many other club5 have not survRYed. The tssucs have not been fully overcome but wc are growing in Adversity. The intention of the charity is to cnsure all revenue is ￿l[)veSted in the Centrc in some form. As in previow year5, we attract several donations and support grnjts totalling £57.619 .This money is used for a combination of job retentign as a result of covi(L equipment purchase and contrtbuting to training and coa¢hiog course5. The major Source of revenue £152,345 is from mernb¢T5hip fees wlll'ch are either on a r￿ed monthly amouTJt or a flexible total based on the number of hours a gymnast trains. We aim to provide the ￿"ghest qU￿lty of trainw8 at a lowest ¢08t. This is a redll¢tion of £134.472. the movement being due lo the closure for¢ed oll us by Covid regulatsoos. Crewe & Nantwltb Gymwlics & Comm￿nItieS A¢tfvitles A$sochtio Report of the Trustees for the Year Ended 31st August 2020 and*1 revlew Investment polA¢y and objective Tbe tru51¢e5 ar¢ empowered by the articles of mernorandum to be able &) invest and thvest the c]wity of fixed assets. They also hav¢ the powei to Taise loans against the frehold of the prottny. It is the policy to consider all elem¢nts of ￿ investrneni wtth respect to cosL longevity and wlkolc Itle costs. ￿Ignment with the art&cl¢ of m¢mor8ndury enyirontnentsl impacL safety and ￿ntInuIty of supply. Reserves pollcy for futsre p¢rSods The charity has the int¢ntion to in¢rwe the re5¢tve fund to £ 30,0(M) to fimd ￿roreSeen czpenditttr¢. We spent much of the year followins a plan 10 move to purpose dcsigDed premis￿ and some expendifttre has been incurred as a one off. Having been unsuce¢ssful in the firsi instanc¢ we are ¢ontinuin8 ￿ r&search suithbl¢ partners and we b¢lIe￿ by the end of year 2021122, we may have a Sustaw￿l¢ hjture plan. Strueture• goveroan£e and man*gemtnt Governing documenl {CNGC.AAI is registered as a chan.ry (512109) at)d open to aDyon¢ who wishes to tak¢ advantsge of the facilities, itt ¢x¢han¥c ora mininthl sessional payment cutrendy s¢t at £1.50 for some low level exercise cl&sses The articles vf athnini5tration cover all aspects of th¢ ch&rity. the main objeet bern8 as Sta*d below.. The obj¢ctiv¢ of the association shall be.. a) to promote the beneftt of thc Ènhabitants of Crew¢ athd Nantivi¢h without distincts.on of sex or politicat, religious or othcr opittions by &%sociating the local authon'ties, voluntary organisations and inhabitants in a common effort to advance education and to provid¢ facilities in the tnterests of social welfare for the re¢r¢ation and leisure tim¢ oceupats'on with the obje¢tiv¢ of improvin8 the condition of life for th¢ said ]nhabitants. b} To establish and mawiain 8 cenire for th¢ promotion of the ab)ve obje¢tives. c) to advance the physi¢al ed￿c&knon and development of yOUDg persons under ei8hteen years of age and to ensure the development and (K¢￿a￿On of their mints and the orgaDisa¢ion or provision or assistance in th¢ tsr8atJisation or provisIon of fa¢ilities for physical recreation for such youn8 p¢tsoos in the inknts of social welfare within th¢ arca or benefit. It) summary, we look to proV￿e fa¢iliti¢8 for cv¢ryone ￿ Pthi¢ipat¢ iti physical activity to maintain and improve th¢ir well_being with a 4xcifi¢ interest in dev¢lopin8 an enjoyn￿ll1 for sport in children of all abilitics. Recrultment 8ppolntmeDt of new trustett Th¢ AGM 15 normally held in Novcrnb¢r ea¢h year and all tswte¢s mu# apply for r￿1¢¢tion every year. All metnbers are encrJurg8ed to (itt•ttd th• AGM, attyvDe ts ell￿ble to stand th¢ ex¢eption that partners of employed staff cannot be maoagement tnistees. Creive & liantwicb GymDa5tiu & CommunSties Actlvitleg A&wchtion Report of the Tr￿Stee$ for the Year Etsded 31st Attgust 2020 Strueture? govern#4ct m*nAEemebt Org#Risatiothal strn¢tur¢ The bw5tees meet monthly {Tn a similar nwmer io a iK>atd tt)eeiing) to 1b.scw the p&s¢ and fiJtur¢ perforniance and plans of the £￿tre. During the ￿l'od of Covid thcsc meettngs have been supported by Zoom conncetiODS. There is a stnjctured framem'ork to th¢ rneeting based on a standard agenda with penodic additions at t￿t3 such &y annual appratsals. Each trusiee tskes a responsibility for an area of the centye. ¢overin8 fitwice, wages, maititenance, th¢ gymnasts.cs area and ihe fitDe&s section with r¢ceptson. At each meeting there is a report OD any $igniftcaiJt Issues whieh have occurr¢d during the previous month and items may need to be addressed goiD8 forwards. Minutes are tak¢n of ev¢ry Dieeting and revlewed * subsequen¢ rneetiDgs. Th¢re 1$ a S￿Ond monthly meeting between two tsiwees the senior members of staff, chared by the chainnan, again with a Str￿¢t￿¢d agerth covering.. l) Health atsd Safety tncluding a¢¢idettt reports and equipment reviews and any welfare issu¢s. 2) Financial perfomwice 3) Stafftng el¢ments such as Te¢ruilrn¢ni and trnintng 41 Repairs. rencw#J5 and mainienance, 51 Cu5tomeT numbers and fe¢db8¢k rcceiv¢d duriog the month 61 Planned purchases of cqu2pmeDI 7) Comprtitsons and other similar ¥tivities such as display d4yS. There are senior ¢mployees for both Byn]tithcs noD¥gymwtics are45 present at the meeting. Finatieial trat)sacts"on$ thr￿Jgh eheques or bank transfers are Controlled by thvo out of the three ￿$¢t¢S of chair, treasureT &nd vic¢ chair. All invts(ment spend Is authorised through the trustees cotnrnittee. atKI all nJnntn8 expenditure is cleared via either the treasurer or chw. There is an appoin*d welfare offi¢er who is ffijlly trained in thild su￿rr and is independ¢nt of the witre staff. Two tnLStees havc atso rtteived welfarc trainins. All gymnasti￿ activi¢ie5 are under the gutdelines of British Gymnasrics, and all membcrs are insurcd through British 8ymnastic$. All officers aTrd cmploytt% who have contact with gymnasts have DBS cleardWe. Inductlon 4lld tr*lnlTrg of Dew trnste Truste¢s ar¢ appointed to th¢ con]miltee hsed on the needs for Skills. We encoura8e new trustees to make themselves aware of all a5pe¢ts of the &wciation beforc volun*en"n8 for Domination. Trustees spend .*(￿)e time With •o¢b of thc in the cenre. meekn8 stsff and gaTnin8 an apprKiation of their respecthve roles. New trustees ar¢ briefed on the followin8". 11 The obligattOll5 of tmstees under rharity and Company law rncluding the OPEfdii¢)Dai framework and regulation Wlthio th¢ stwcture of thc chartty and with refcrence to the Memorandum and Artic1¢5 of Association. 2) The busin¢&8 plan and the last 12 month* accounts with any 5alicni poinrs and how the p￿sent a￿1 fvture plans arc linked lo the financial performance. 3} The %taff appraisal scherne and the in*r-lillkage betw¢en the aspirdtsons of the charity and l￿W roles within the company build into the ￿￿￿re plans. Crew¢ & Nantwich GymD*Stits & Communlties A¢tivltie$ Asso¢l*tio Report of the Trustees for the Year Ended 31st Aigust 21120 Structurej govern•ncc and m*n4ement Rel*ted partie$ The charity has a IoD8 5tallthng link with the local council (Crewe and Nantwich Borough Coun¢ jl - which chan8¢d to Cheshire Fast dunng 2009).Through a 5¢rvice level agreement the cbartty work% ill the commwjity introducing children to gymnastics through schools visits at all ages aDd skill levcls. We organise two competitions where schools from the ea ￿¢ invi*d. There ar¢ cnthusiastscally supported by up to 10 5choo]s and a totat of 110 children. These were c4￿]ed by th¢ Covid i&8ues. For adults, we have also created links witb Tesidenttht homes attd have recently started fitnes$ programmes for those who have mobility IRmitatitsn. We hav¢ decEded to expand our invitstions to other or8aai8atioDs withtn the area and are ¢urr¢ntiy lookin8 to link with the AlzheÈmctr$ and Mult?ple se1¢n￿ls ch*ities As a r¢sult of our increased attivities towards reloc&tin8 we have r￿rea￿ our links with Cr¢we Town council and have rejoffttied the local Chamber of C.omm¢rce. RlJk matsaReJDen¢ The comrnitt¢e has put in place all requirements for Hea]th and Safety ts)gether with Fire evacuation prwjurcs. Limits ar¢ put on iotsl numbers in the Lyntre at any onc ts'me. tn Christopher Hugh¢s (a p￿viOli$ tnts¢ee who 14 $111] linked to the ¢entre) we hav¢ a qualified Fire Officer. Datly the¢ks of ￿eape rou￿ and weekly checks on atl ¢quipmeni Are fomially recorded. We alw hav¢ an independent annual inskxdion of all 8ymnastics ¢quiprneni. The ¢harity has been Èn existence for over 30 yearn and the major fu)tyial risk is that of competLtiv¢ activity in the health secior and 8ymn8stics arx8. To com￿le w'e rn￿8¢ offer a servic¢ whtch is $ignifEcantly different. We tsff¢r a wide range ol fitn¢ss tacilities for all 88es ond gender and support this with well trained personal in5tn]clors who mOni￿r ail partsciponts on A resular basis. Gymnasiically, we provide t￿.10r•] trainin8 from preschool to adult and pride ourselves on inlegratsng kll abilitÈ¢s and ￿ving equal wss to all. We b¢lieve thal stscce&s m cornpetitson across a widc fron¢ together wth iD¢[￿lA8 Involv¢meni with hA8her e¢b¢lons of the UK gymnastics infrnstruclure is a key part ofour 5tra*8y. Approved by orderof the iKwd of trus￿¢8 on 2nd septemb￿ 2021 aThl $i8ned on its behalf by.. Mr S Dceley- Tn￿le¢ IDdependent Ex3winer's Report to the Trustees of Crewe & Nantivieb GymDa$tics & Communitle8 Activitie5 As50eiatio IDdependettt eumiDer's report to the tryste¢s of Crewe & NAn¢wleb Gymn4$tiu & COmm￿nitieS A¢dvitAes Association I r¢port to the Charity tn]S*e8 on my examination of the &COUDts of Crcwe & Nontwich GyinD&Stics & CommunRties Acrivitse5 Association {the Trnst) for the ytar ended 3 1st Augwt 2020. Re$ponsibllltie9 and basis of report As thc thariiy trusiecs of the Trust you are resPOtLsible for the preparats.on of the accounts ID a￿Ordanc¢ with the requirements of the Chanties Act 2011 (Ihe Acfj. I report in respect ofmy extimination of the Trusvs ac¢ouDts cattirAJ out uDder se¢uoD 145 of the Act and in C8Trying out my cxamtnation I have followed all applL¢able Directi"OD8 8ivett by the Charity Cornmission under se¢tion 145(5)(b} of the Act. Indep¢ndent ¢x*mln¢r'J st#t¢meni I havc wmplet¢d my ¢xamination. I confinn that no n]aten"al Jn#tter5 hav¢ Come to my attention in conn¢ction with the exarnination giying me cause to believe that in any materiat rwt.. accountin8 record5 were not kepi Èn re5rrtt of the Tnjst as required by 8eLtson 130 of the Aci,. or the ac¢ounts do nor accord those records,. or the accounts do not Comply with the applicable rwuir¢m¢nts cottcernin8 the forni and Content of accounL$ set out in the Chanties {A¢counts al￿ Reports) R¢gulaiiolls 2008 othet than any requirement that the aKounts give a true aDd fair view which is not a maiter ¢ons¥dered as part of an uM1epe￿Je￿t examination. I hav¢ no concerns and have ￿rne across no other matters in coDneciion with the examinatson to wthich attention should be drawn iti th'$ repffi in cth to enabl¢ a propcr understandjng of the a¢¢¢)unts to b¢ re8th￿. Timothy McNLxl bCA I￿%1]tu(C of Chartcred A¢eountants ia England and Wal H8rdings anered A￿ountants 6 Mar¥h Paradc New¢asile-under-LyThe St&ffoTdshire STS IDU 2nd September 2021 CreMe & Yi antwich Gymn2sti¢s & Communitles Activities A5JoeiatSon Statement of Find￿claI A¢tivities for th¢ Ytar EDded 31st August 2020 Unrestrirted fund 3118120 Total fund5 Restricted fund 3118119 Tot41 funds ID¢ome and endowmeDt$ from ChAritable activlties Incume r40trs 53.796 53.796 OtheT trading ac¢ivitie5 Investment incom¢ 5,702 163,074 10 163,074 10 297.546 TolAI 216,880 216,880 303.249 Exp¢nditure on Supporting charitable aims 261,454 264.918 293.364 NET INCOMEI{EXPENDITURE) {44.574) (3.464) (48,038) 9,885 Reeoncijiatioo of fundg Tot41 fund$ brought forw*rd 68,955 234,438 303,393 29.3,508 TO*￿ runds carried forward 230 974 255 355 303 39.3 The notes forn) part of these fu}3￿ciat llatements Crewe & Nantivicb Gymnastfes & CommMThitk$ A£tffivities knociadon Bglance Sheet 31st August 2020 Unrestrlded fund 3118120 Total funds Re￿rActed fund 3118119 Total fuDds Fixed assets Tangible assets Notes 95,176 230.974 Current aM¢ts St(*ks Debtors C&sh al bank and iti hand 326.150 338.487 415 723 io 415 723 4.254 9,066 6.003 48.073 Credltor$ Arnoullt8 latling du¢ within OD¢ ye4r 48,073 19,323 {29.924) (29,924) (33.137) Nel current Total amets less ¢urrent Il*bllAIA¢s Credltori Amounts falling due after more than OD¢ year 113.32S 230,974 344,299 324,673 12 (88,944) (88.944) (21,280) NET ASSETS 230 974 255 355 303 393 Funds Unrestricted funds RestriLl¢d funds 14 24,381 230 974 68.955 234 438 TO1￿ 255 355 303 393 The financial %tatements w¢re approveAI by th¢ Board of Tn￿trts and authonsed for issue ¢)n 2nd September 2021 and were SL8ned on its behalf by.. Mr S Deeley- Trustee The uoles fottn part of these finan¢iat statements Crewe & Nanti¥i¢b GyM￿St1¢S & CommuThities Activities Associatio Yotes to tbe Financial Statements for the Year Ended 31st August 202fl Aecounting polleies Basls of prep¥riDg tb¢ fm*nci•l statemellts The financial staTeJnents of the charity. which is a public benefit eiitity under FRS 102, have been prepared in a￿OrdanCe the Chatities SORP IFRS 102) 'Accounring and Rep¢min8 by Charities.. Statem¢nt of Recommended Practice applicable io charities preparing their accounts In acCorda￿e with the Finan¢ial Rcporting Standard applicable in the UK and Republic of Ireland (FRS 102) (cffective l January 2019),. Finatlcial Reporting S￿ndard 102 The Financial Rewjrting Siand8rd applicable the UK and Republi¢ of Ireland, and Chan"ties Act 2011. The fiJJ&n¢ial statem¢ttts bav¢ been prepared under the lu$tori¢al cost ¢onv¢ntLOD. Atl income is rtto8nised iu the StstemeDt of Fthan¢ial Activiti￿ on¢¢ thc charity h&s entirl¢rn¢nt to the funds. it Is probable that the incom¢ will be ree¢ived and the amount can be measured reliably. Expenditure Liabilities are tKO8niseAI as expendiDJre &8 soon as there is a l¢gal or constructive obligalion committing the harity lo that ¢xpenditure. li Is probable tho1 a transfer of ¢xoDomi¢ benefjts will be required in settlement atkd the amouni ot'ihe oblr8atson w) be m¢asurcd reliably. Expenditurc is accoun1￿ for ott an aceruals basis and has been ¢l￿Sified under h¢adit)gs thai aggrega* all CO￿ r¢latrd ￿ the cai¢gory. Where Costs cannot be directly attribut¢d to parts'cuIar head￿ th¢y have been allocated lo activities on a b&siS ￿n$]$le￿I with the use of rutsurees. TAnglbl¢ fixed a5$et$ Depreciaiion Is Provid￿ at the following annyal rates in order to writ¢ off eaeh asset over Its estimated useful life. Freehold property Fixtt]r¢s and fittin8S Stocks Stocks kre valued at the lower ofcost and net Mlisabl¢ valuA aft¢r m•km8 allowance for obsolelc and Slow movillg ii¢nts. over the ¢xpe¢ted usefid economic life 15% on r&1￿1￿8 balatKe T*x#tio The ¢harity is exempt from tsx on its eharitsble a¢tiviti¢s. Fund accounting Unrestricted funds ean be u8•d in a¢￿tdon¢t with the ￿￿￿(8b1e obJe¢uves al the discretion of the ty$tee& Restricted fun¢Ls can only be th%ed for particular restricted purptss¢s withm the objects of the ehan'ty. Restrictions arise when Specified by the donor or when are raised for P4thcular restricted pur]M)S¢g. Furtb¢r explanation of the and putpose ofexh fijnd is incl￿ in the Dotss to the fujanciai 51atements. Crewe & NaDtwlch GymNastic$ & CommuDitles Activities kno