THE CAROUSEL SCHOOL OF GYMNASTICS UNrr2A BYRON WORKS. RUSSELL CARDEN& WICK LANL CKF0RD. ESSEX Oitgisternl Charity No:. TRUSTEES REPORT Af4D FINANCIALsfATEMETrrrs FOR THE YEAR ENDED 31 I1CH 21)21
ThE CAROUSEL SCHOOL OF GYI¥ThAsrics ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2021 The Carousel Sthool of Gymn&8tiC6 is constited by De of Trust and is a re8i#ered dwity. No. 803483. Its address 15'.- Unit 2A Byron Works. Rus8¢11 Wickfor4 E&fex SSII 8QG The charity trustees during the year to 31 Marth 2021 wet¢:_ Jean Mor Mr William Harvey The object of thedwity rnains the same-to provide 8 gymtwtics facility foryoung wple ensuring attention is giv to th¢ physical education of th¢ pupil$ in th¢ interests of social welfar4 tO8ether with tcam spiritand a sense of b¢longing. The CUTr¢nt emphasis IxÉng artistic and rreational sYnaStI. The charity is mainly dep¢ndent on membeT5hip sub5¢riptions togdhtt with th¢ hiring ¢)ut ofthe premises for IOLXI groups including Home tslucation and School wups. Fwidrnising i$ Also $ignifJ¢4nL Th¢ s¢hool has h]lY qualified coach¢5 to t¢ath th¢ gymnfftsts and encoura8es exymn&sts to stay inthe sport and tskc ¢oachingfJudging qualifi¢atKons. All our maches are qualified and have bern DBS chtckcd ar all have a firstaid c¢rtifiute and attend Safrguarding and prot#ting children courses. Membership ts at all-time high 8nd a very lon8 waiting list is being hel A cornmittee elrftyl by th¢ membership at an Annua] Go)era] Meeting held every April ma¥y the day to day runnit of the sthool, howev¢r volunteers to join the committe¢ ar¢ becoming increasingly hard to find. The thol continues to pr£¢ su¢¢essFul 8ymJJ&sts at County. Regiona] and Natiorml Leve]. We regularty a)ter all levels of children in team co¥ryebtions and frIdIY events with other clubs. The club wa5 unable to hold our Annual Club Competition for all ¢hilthen in the club due to the current COVID 19 partdemi¢ and all activities within the club have been affe¢j by this. We managed to hold our AGM and y]thou8h attendan was offered thr(gh zoom the members voted to have it in person. We rcceÉved fi5rlou&h paym¢nts and Grants from CM)vernment which have helped us to r¢thtn wound 75Yo of our Staff and Mt ¢t¢. We contirt¢ to receive a small grant from the Jack P¢tchry Foundation awdin recOls[8th08e children that have made a positive contribution to the s¢hool. Duringthe pandanic w¢ )tified the need for much larger premises. A unÈt b¢ available in Ro¢hford that w¢ ar¢ trying to agree sizenease for the end of the year. We cY have 18 employ¢¢4 three of which are full time staff. I will be eontinuing a5 a tru5tre forth¢ foreseeable futhre" however. we are stnLgg]ffing to recruit anothertrustee. W¢ have also Set up anew Businw Ltmited by guaratrttt'C8rousd Gymnastic5 Limited,. AdaTTJ Lovatt has agreed to be & TrusteolDircctor in this new ¢ompony, which we will be applying Charitable status as 500n as the Charity Commission is allowing tx¢w registrdtions. Atwhich pointall artiviti¢5 will be transf¢Fr¢d ov¢r. The Ind¢pend¢nt Examiner i5 Mr A R Wenden FCCA, of Messrs Elliot¥ Mortlocl & Co Limited, Chartered Certified AcKountaTrt4 of12 High StreeL Stsnford le H¢)p¢, Essex SS17 OEY. The ehtirity's bankers are Lloyds Bank * Bsildon. Essex. Mra Morga On belMlf of the Boanl of Thjstees of The Carou*l Sclv)ol of GYMtics Pag¢ I
INDEPEIWENf EXAMENER'S REPORT TO THE TRUSTELS OF THE CAROUSEL SCHOOL OF GYMNASTICS I report on the ac¢ounts of the So¢tety for th¢ year 31 Marcll 2021 which are s¢t outon pages 3 to 6. RptIVe r¢s$11111t& of trustees and uaminer Th¢ charity's trteeS r¢sponsibl¢ for the preparation of th¢ ac¢ounts. The eharity's tru5tetS COll5i{lerth an audit 1$ t)ot required for this year under section 144(2) of the Ch8rities Act 2011 (the 2011 Act) and that an indedent ¢xamination is needed. It is rny rwonsibility to.. Examine the accou[ under se¢tion t45 of the 2011 knL' To follow the procedures laid in the GencTa] Dire¢tioos givu by the Charity Cotmnissioner wider stIOn 145(5Kb) of the 2011 Aci. and To stste whether par(icul8rmott¢rs have come to my attentio Basis of indtpeDdeDteA&tniner s ststemeDt My &Kamination was carria out in accordan¢e with General Dtrection$ given by the Charity Commi10A¢r. ¢xamination includes a review of th¢ aCUb8 CordS kept by the tharity and a comparison of the accounts presented with those re¢ords. It ttlso iTKludes ¢onsyd¢txtton of any unusual items or disclosLwes in the account4 aTkd th¢ s¢¢kitJ8 xplanatÉons from you &8 tnte¢S concerning any such Tnattcrs. The procedures Utertaken do not wovide all the eviden¢¢ that would be requira in an di( 8nd consequently no opinion is given as to whtther th¢ aw)unts a Inte and f8irview" and the 1$ limittd to those rnatters s¢t out in the staternent Wow. llldependent ex•mtn•r'$ ststemettt (l) which gives me regsothle cause to bdi¢ve tha( in any material 5Cl the r4uirementv. to kew a¢vnting record5 in acco11¢¢ with stction 130 of th¢ 2011 Ath. and to prepare ac¢owits whieh accord with th¢ accoutiting records Ind to comply with the aCcoting requirtmerrts of the 2011 Act have not been md. or (2) to whicK in my optnior4 attottion should be drawn in order to ¢nabl¢ • pr(y¢r unduthding of the acrA)usJts to b¢ rea¢hed. 12 High Street Stanford le Hope Ess¢x SS17 OEY A R Wend¢n, FCCA Ellioffj m•rt1K Busby & Co Limitsd Ch8rtered Certifid kn¢(wntÉrtts
THE CAROUSEL SCHOOL OF GYMNASTICS srATEMENT OF FINANCIAL ACnVITIES FOR THE YEAR ENDBD 31 MARCH 2021 2021 2020 Incoming Resourc¢8 Members fees rec£ived Hall hire etc. Fulld r&ising receipts BaT dq)osit a¢¢ount interest Donatiorts Grants 1115826 870 2,759 47 185,378 2,971 10,07] 71 350 7JO Total In¢omTrbg RUree8 234 Resovr¢¢s Expended Fund raisiTtg exp¢nses National Insuranee P¢n510rts Rent and s¢rvtce charge lJ73 1787 1535 16258 314 3,765 1.614 16a93 3,632 Insurdnce Lighting and beating Postage, stsliotwy and advertisin8 Tel¢phon¢ Subs¢ripiions CoaGhing f¢e5 and expenses Repairs 8t renewa]$ Bank charges Affiliation f3 Ind¢ent examination ft¢s c]lIng Course fees l£gal f¢es G¢ttern] expcn5¢5 2J47 3th79 5,578 812 1,601 7911 118ffj45 2.797 227 J,613 2.469 281 3.088 53 110290 949 lJ14 S617 358 154,408 169,912 Depreeiation 11th39 11229 c¢ Costs- L4>#rt intsre8t Totsl Re80urees Exp¢nded Net Incomittg Resources 64576 14523 Reconciliation of Funds Tot81 Futtd$ brougbt fDrwrd xt l April 2020 Totsl c&rTitd forward atjl Mareh 2021 £432 The notes onpage5 5 to 6forniFwt oftlwe Accounts.
ThE CAROUSEL SCHOOL OF GYNll¥ASTICS BALANCE SHEET AT 31 MARCH 2021 No¢¢s 21ni 2020 239,981 251ffj20 curr¢tAS$ets Stttk 4JSi Expctts¢S Poid in VanCe U116 &593 Cath * bank . deposit aUnts 229J39 15&969 21,736 Cash itt hartd 67D 273 CYedStorn: Amounts fallimg dut withitt ontyear Accruals 1116 Creditor 7.728 8,674 Bank loan 173 17 Net Current Assets 255J18 185 476 495,499 437,096 Creditora: Arno4ts Falilng due after one year Bank loan Net A&4ets £432 RepreseÈ)t¢d by:" ds of thtchgrity UnJYBtricted Ine•me Fd$ Gene]31 purposes fund £432J03 67 927 Sean Morgan For ond on behalf of th¢ Boafd of Trustees
THE CAROUSEL SCHOOL OF GYMNASTI( NOTES TO TIIE ACCOUNTS FOR THK YEAR ENDED 31 MARCH 21121 DJi¥ of prepArtlon of xcounts The Accounts have be prepared on th¢ basis of historic o)st and itt ordan¢¢ with: Chariti¢s Acl 2011. Chwit1 SORP (PRS102) The charity has tak¢n exemption from preparing a Lwsh flow sl#ieme4rt under the ch8riti¢S SORP (FRS102) bullettn l issued on 2 February 2016 as this Gharity cO$blUteS # stn2]I charity. The flljancial statemcnts are pr¢par&l (m 80in8 concern b&8i4 under the historical cost tventiOn. The financial statements are prepared in thling which is the fimctional ¢urrency of the charity and rounded to the nearest [x)ut. Therc are no significant arw ofjud8ements or key sourtts of ¢5timalion uncutainty. Th¢ tn ¢onsider that there are no mat¢riaI wic¢rtsinti¢s at) th¢ ¢barity'$ ability to continue &8 a 80in8 The charity is an unincorporated twst o)ns¢itttt¢d by a trustdeed. 2. Accguntiog Poli¢l¢ 2.1 Incoming RJourtts Recognition ofin¢(ImÉn8resoiire These are in¢luded in the Statement of Financial ActLVlti£s (SOFA) when: the ¢harity becomes entitled to the rcsouree5" the trustees are virtually certain they will receive the rtsourcts" and th¢ mon¢t8ry value Lxn be measured with sufficient reliability. IncomigreS(wrceS with kndexpen.TrWe Where incotning tt50ur¢es hav¢ related ¢xp¢nditure (as with fimdraisin8 or contract income) the ineomin8 resourccs al re]at¢d expendithre are reported gTOSS in the &)FA. Gr(7nts aprddonotion$ Grants W]d dontitions are only includd in the SOFA whcn the charity has Un¢ndElion&1 entit]ement to the resources. Investmentinc¢)me This is Includ in th¢ a¢¢ounts when rtteÈvable. 2.2 Expettditure And 1Sablllde8 Liabilities are reco8nised as expenditure as soon a5 there i$ a legal or con5tnKtiY¢ obligation mMitt1ng the d)zrity to that exrKnditUTe. it is possible that a tr8nser of OnoMiC benefits will be reqyired in settlement and the amount of the (pbligation catt measwed relthly. EXplIre is accounted for on an accruals basis and has be¢n Giassifi¢d d¢r headings that aggregate all cost related to the cate80ry. Where costs cannot dire(aly ayributd to particular headin8s thry have been alloc to activities on a basi$ consistent with thr us¢ of r¢sour(t&
IHE CAROUSEL SCItOOL OF GYMNASTI(3 NOTES TO TKE ACCOUIW FOR THE YEAR ENDED 31 MARCH 2(121 2.3 T4ugible fixed #ets Bd depTeeit5on T8n8ibl¢ fixql assets are staknj at cost iess depreciation. Ikpreciation is provided at ]*¢5 catculated to wri1¢ off the cost of fix<4 asset& I& th¢ir ¢5timat¢d rEsidual value, ovcr their ¢xpe£ted lives on the following Iws:. Equipmetrt and Fitttngs IOY• perannum on the thight Itne basis. 2.4 T•xatio The ¢harity is ¢xempt from tsx on its Charitable activities. 2.5 Fwnd a¢eounting Uwtstrithd fiuwjs can b¢ ustd accordance with the charttable ObitIV&S at the dis¢r¢tson of the truste¢s. Restricted fiands can only be ud forparticular $trIcted purwses withitj the objects of the charity. Restriction arise when SWIfi by th¢ donoror when ffiJnds ATe rdised forparti1ar Testricted Pure$.
THE CAROUSEL SCHOOL OF GYMNASTI(3 NOTES TO THE AccouNrs FOR THE YEAR EIWED 31 MARCH 2Tr21 Capitsl Fr•ehold land ¢xp¢ndltur¢ on & buildi bui]dltt EqviptNent •d fittiog¥ Totsl At l April 2020 At 31 March 2021 £1 762 £116 £281 89 Dtpre¢iAtlon At l April 2020 Charge forycar 29,769 11.639 29,769 At31 re 2021 £41 N¢t book valu At JI March 2021 £44228 £120.762 £7 991 At31 March 2020 £44.228 £120.762 £81%630 £251.620 Tru¥tees' Retnunr4ti(w and Expenses Th¢r¢ w¢r¢ payments made to TnLSte¢s in th¢ year forproviding servi¢ts. Management and AdDtraI10Th of the Ch*rtty 21r£i 2020 Indedent examination fee Setrity Th¢ charity bas pmvida the bank with a legal dwE¢ over the fre¢ik)Id wperty it owns Security for the bank l(wi obtsined in th¢ year. Page 7
THE CAROUSEL SCHOOL OF GYMNASTICS Unit 2a Byn)n Work4 Ru&sell Gard¢Tr4 Wick Lan4 Wi¢kford. Esxx Mr A R W¢nden Ellioo Mortlock, Busby & Co Limid Charter&4 Certified Accountants 12 "gh Street Stanford le Hope SS170EY Dear Mr Wenden We confirn] to th¢ b¢ of our knowledge and belief. and havtn8 made appropriate enquirie5 of othu trustees and staff of the charity, th¢ followin8 representations given to you in connection with your review of the GhaTity'$ accowits for the year 31 March 2021. W¢ aeknowledge as trytees our resFonsibility for the accounty which you have prepared for the charity. AII thr aceounting re¢ords have been rnade available to you for th¢ purpose of your review and all the fra11tiOnS Und¢n by th¢ ¢harity have been properly rthrLt¢d and reoyded in the accounting records. W¢ ¢ot)firni that there have been no ¢hanges in the accounting polLCL¢5 other than thosE disclos in the accounts. In our opinion. th¢ at£ountin8 policies are appropriate to the ¢h8rity and confomi with genera]ly cepted a¢counting prin¢iples. We that all transaction5 and balances have been attount&l for in accordance wtth the accounting poli¢t¢s. We confinn that &sets have been incIjed in the b8lan¢¢ she¢L We confirnl that all ass¢ts included in the balance shett exisL We confirm that the ¢harity ail the assets includa in the balan¢¢ sh¢e4 unless otherwik ststed in the accounts. Wc confim ihat the value of all the ets in th¢ balanc¢ the¢t at¢ fairly $tated. W¢ confinn that dq)reciotion h&$ been provided on all fixed ass¢ts with a limita ¢conomic life in accordance with the stated awounting polt¢y. In ouropiniofy the rates of dtpr¢¢iation a reasonable. We confjrm that all Siabilities have fully rerA)rdd the balance the¢L We confimi that all liabilities recorded in the balan( sheet 8Ye pmw]y those of the charity. 10. We confirm that all iiabtlities have been recordr4J at a fair VAlue. I l. We confimi that there hos be fto netting off ofas5ets al liabilitie& l2. We confinn that all income fully Tei%th and ¢orrectly C]]fied. Cont....
- The charity Iw Ao 0)ntingt liabiliti¢s oth¢rthan those disclosed in the ac¢(Mmts.
- W¢ confimi the ¢l18Thty has t W any lat pty trfitwctions oth¢rthan thos¢ disc]os¢d in the accounts.
- Th¢re has been no event since the balance sheet date which wuir¢s disclosing or vthi¢h would matsrially aff th¢ amounts in th¢ accOt& otherthan those alr¢ady disclosAI or Includ in the accounts. Yours sincerely Signed o behalf of the board .. Mr W Harvey. Th15te¢ 20 January 2022