AVONDALE GYMNASTICS CLUB Unaudh*d Accounts for the Year Ended 31 December 2022 Gilbert. Allan & Co 8 Rodknrou8h Road London NWII 8RY
AVONDALE GYMNASTICS CLUB Contents Proprietor and Advisers Accounianis. Report Approval of Financial It)fomation Profit ond L05s Accouni Balance Sheet Notes to th¢ Financial Stjtements 6t07
AVONDALE GYNI'ASTJCs CLUB Proprietor and Adi'isers Proprietor The Tn1¢¢$ Bu$lness Address Holl>field Road Surbiion SLRREY KT5 9AL Accountxnts Gilbrt Allan& Co 8 Rodlx)rough Ro*d London NII, I13RY Page I
Aecount8nts' Report to the Proprietor the Preparation of ihe Unaudited Financial Inforniation of AVONDALE GYMNASTICS CLUB for the Year Ended 31 December 2022 In a¢¢ordan¢e with the engagement lell¢r dated 6 July 22 we have prepartd for your approval the fin8ncio1 infoTrnalion of AVONDALE G)'MNASTICS CLLB for the year ended 31 December 2022 which comprises the Profit and Loss A¢¢ouoi, Ihe Balance Sheet and the reled t¢S from ihe ¢niii> s acwuniin¥ record5 and fTorn inf¢mnaiion and explanions you have gÉven . As a practisin8 member fim) of the Insiiiu of Chartered Accountants in EnglaThd aThd Wales IICAEWI. we subject io 115 ¢thi¢al and oiher pYOfession requ1menTS whieh are dethil¢d at I¢¥.MIMemb¢r$h&ndbOOk. This [trt is made solely to you. in ColdanCe with the temg of otsr enga8ement letter dated 6 July 2002. Our work ha5 been undertaken solely io prepare for yijur approval the financial inforniaiion of AVON'DALE GYMNASTICS CLUB and slate those matter5 that we have agreed io siaie you in this report in accordance with ICAEW Technical rele TECH08..16AAF. To ihe fill11 exieni pemiitted by law. wt do not a¢¢¢pi or assume r¢SnSibl17ty lo anyone oiher ihan The Trnsitts for our )rk or for ihi5 reTK)rt. You have Approved Ihe financial infornation for the year ended 31 De¢ember 2022 and have acknowledged your responsibility for it. for the appropri8ieness of the financial reporting framework adopted and for providing all infornation and explaTh81ions ne¢essw)' for its compildthon. We have noi verified the ac¢urncy or eornplelene5s of the accouniing records or inforn)etion and explallOnS you have given 10 us we do rKTrt. theref¢Jre. expres5 any opinion on the firwicial infornation. Otlben. Allan & Co 8 R¢)diwough Road London N.. I18R Y thte '. 22 May 2023 Pa8e 2
AVON'DALE GYNINASTICS CLUB Approi'al of Financi41 Information for the Year Ended 31 December 2022 In #crdanCe wilh the engagemeni Iffier daied 6 July 21KI2. 1 arvrove the financial information which omprises the Profit and Loss Account. Ihe Balat)ce sh and the relat¢d not¢s. l &cknowltdge my responsibility for the financial lnfomiatio including opproprialene55 of the applicable fjnancial re)rtIn8 frEmework as set out in note l. and for providing GilbeTL Allan & Co with all infonnation and explaThaiions necessary for it5 compilation. 18ive my authority for the finan¢i81 infom)aiion be submitted io HM Revenue and Cu510rns. The financial infom)ation appmved by the proprirfor on 2? Ma) 2023. /.o.4s/- The TTUSt Proprietor Page 3
AVONDALE GYMNASTICS CLUB Profit and Los5 Account for the Year Ended 31 Deeember 2022 2022 2021 Turnover Subs¢riNions Parties (net of expenditur¢l Tumble Gym BG (net of expendiiurel Sundry (net of expendiiiirel Canteen Inct of expenditure) 202,376 3.950 10.873 2.971 16341 137• 128.177 2.110 8.195 1.355 585 219.164 140.304 Oth¢r income Int¢rest r¢¢ei¥ed 136 Toi#l IneoThe 219.300 140.105 Gross profit Exp¢nses Coaching and ¢arethkin8 Siaff NIC (Employers) Staff pension5 Job Releniion Scheme Claims Reni, gas, electricity and water InsurAnce Repairs and maintena¢ Equipmeni repairs And renewa]s Telephone hnd internet P05t and slation¢ry Subscriptions . London Gymn&stlCs Fder*ion Healih ond safety costs Miscellaneous expenses Cleaning. refuse and slIary A¢¢ountan¢y fees Book.keepin8 Prof¢sstonal ftts Bank ¢harge5 Depre¢ihtion of plant and machinery Depreciation of offi¢¢ equipmeni 219.300 140.305 95.721 661 1.168 95.744 677 1,224 (30.6261 30.428 3.077 3,945 719 522 1.123 306 2.762 346 466 1.770 295 1.210 2,429 380 89 29,702 3.259 6.451 1.071 460 1.201 3.351 340 170 1,950 338 1.320 3.691 304 59 1152.58$) 116.886 Net Surplus 66.715 2.1.419 Page 4
AVO'DALE GYMNASTICS CLLT Balance Sheet as at 31 December 2022 2022 21121 Fixed sssets TaTh8ible assets 1,334 ,697 Current #5sets Stocks Cash bank and in hand 5.406 367.278 5,125 31K>.188 372,684 305,313 Current Ilbllltles Other crediiors A¢cw81s PA YE and social security (3711 11,9501 161 {2641 11.7701 1? 3?71 12.0341 Nft current •ss¢ts 370,357 303.279 371.691 304,976 Fln#need by: Current accounis 371.691 304.976 These fina1 statements re approved on 22 May 2023. l approv¢ the 4¢¢ount$ and confinn ihat I have made available all levan1 records and infonnation for their preparion. The TTUS Proprieior Page 5
AVONDALE GYMNASTICS CLUB Notes to the FiDan¢ial Statements for the Year Ended 31 December 2022 l Aeeounilng polleles B•$i$ of prep•rtlon The accounts have been prepared under the historical cost convention. Turnover Turnover rep$¢¢5 amounts chtable in Tespecl of the sale of glS and services to CUornerS. Depreclatlon Depreciatitsn is provided on tangible fixed ass¢t5 50 as w MTiie off the wsi or wu10n. less any estimaied residual value. over their extttied useful economic life as follows= Asset eli8$ Plant 4nd machinery ikprttltion method and rA¢¢ 20% on reducing balance Stoek Stk is valued at the lower of cosl and nel realithlle value, after due regard for obsolete and slow moving stock5. Nel r¢allbI¢ value is based on selling price less anticipated co$ to compldion Jnd s¢lling wsts. Pension$ The business operates a defined contribution pension scheme. Contrilmrtws pjyable for the year are ¢haryed in Ihe profil and loss Kcouni. 2 Tintlble fixed Asseti Pknnt and mchinery Ofllct ¢quipmeDI Tot1 Co$t At l January 2022 11.322 400 11.722 Ai 31 tkcember 2022 1.372 400 11.722 Deprecl*tloTh Ai l January 2022 Char8e for the year 9.803 3( 222 59 10.025 Ai 31 December 2022 10.107 281 10.388 Net Book Vilue At 31 De¢¢mber 2022 1.215 119 1,334 At 31 fkcember 2021 1,519 178 1.697 Page 6
AVOYDALE GYIIN'ASTICS CLUB Notes to the Fingncial Statement5 for the Year F.nded 31 December 2022 3 Sto¢k$ 2022 2021 Stock$ 5.406 5.125 5.406 5.125 4 Current li*biliti¢J 2022 2021 Other credir$ AccTuals PA YE znd social security 371 1.950 264 1,770 2J27 2.034 3 Current iteount The Tru51tt5 At l January 2022 Nd surplus 104.976 66.715 At 31 Dettmbtr 2022 371.691 Page 7
AVOI¥DALE GYMASTICS CLUB I hereby certify th I have declared io mess Gilbert Allan & Co. ail information and explanations relel'ant io ihe Accounts. ¢hai such inforrnation and explanations are Correct to the of m), knowledge belief. I hereby certify that I have examirRd the AccounLS and l am saiisfied that they represent a fvll and complete viem. of the trade for the lear ended 31 tk¢¢mtr*r 20?2 of the $e of affairs of the business as at thai dai¢. atml thai no tranwtiOn5 or ilems have been inserted into or omitted therefrom. I hereby authorise ihese Accomts should be submitted to HM Reven & Customs for agr¢¢menl. MARY MARSHALL