THE CAROUSEL SCHOOL OF GYNfNASTICS Unit 2&Byron WO Russell Garden4 Wick Lan4 Wi¢kfwd Essex MrARWend EllkotL Mortlock, Bwby & Co Limitvj Chred Certified A¢¢OUtts 12 High Street Stanford le Hope SS17 OEY Dw Mr Wend¢n W# ¢onfimi to the best of tsur knowled8• 4nd belief, and hwin8 mod¢ 4ppropriat• eTrwirie5 of other tru$e$ and sttff of the ¢htrity, the following r¢pre8¢niations 8iven to you in ¢onn¢ctloD with your r¢vi¢w of the charlty's coUnts f the year cnded 31 Mar¢h 2022. We a¢knowled8e as tsltsteeg ow r¢spon8ibility for the ac¢ounts, which you have preptr for the ¢harity. All the accountirtg record8 have bcen made availibl¢ to you for thc purpose of your revi¢w 4nd 411 the transactions undert&k¢n by th¢ ¢h4rily have been WOP¢Tly refiecd 8nd reeordul in th¢ aeeouniing r¢¢ords. W¢ ¢onfinn that hwe been no chwws in th¢ I¢1$ poll¢le8 othu thwn those dis¢]08eil in th¢ accounts. OUT Optnion. th¢ a¢countin8 polieies are &ppropriot¢ to th¢ eharity snd conform wilh llerAlly a¢¢¢p¢ed a¢¢ountin8 pritLciple5. W¢ confirn? all transll¢tion5 ba$ hav¢ been anted for itt ac<ord&nc¢ with thc4e ac¢ounting policies. We confimi that all assets hw¢ been In¢luded in the baiAnce siw We ¢onflmi thot all assets Incl in th• bal¢t Sheet exirt. We conflrm thllt th¢ chArity OWryLS all th¢ a58Ct8 in¢lud¢d in th¢ b4J8nv shrt unless oth¢rwis¢ ststed in the accounts. W¢ ¢onfJrnJ that th¢valu¢ of 811 th¢ 488ets in the balaT*¢ sheet are f•iAy stBted. W¢ confirni that depr]UtIOn bern provided on 911 fixcd with & limited ¢conomic life in accordance with the statryj ac¢ountin8 policy. In our opirtiort, th¢ rnt¢s of deprecifttion are reasonable. We confirni thBt all li&bilities Ilqve been fully rec4)rded in th¥ balan¢¢ 8h¢¢L We confinn that ail li&bilitie8 recorded in th¢ balance sheet 81¢ prnperly tIm of the eharfty. 10. W¢ tyffifim) that all liabiliti h&v¢ be rded at a fairvwlu I l. We confirn that th¢ h&8 been no nelting off of ws¢ts and liabilitieB. 12. W¢ ¢oJJfirni that all incom¢ has bwj futly r%)Ided co]Yr¢tly ¢1&88ifi¢d. Ct....
- The charity has no contin8•tt liabiJxti¢$ oth¢r than th08¢ dhsdos¢d th¢ a)Ullts.
- We &infirm the clwity has not had any rcl*¢d p•ty oth¢rthan th05c di%105ed in the accounts.
- There has bca no ¢v¢nt sin¢¢ the batan¢¢ sheet dat¢ which requires dis¢lo$ing or which wcwld m&t¢ria]ty aff¢¢t the in the accounts. other than th0 ajready disclosed or in¢ludgJ in th¢ a<ts. Yours sincerely Si8ned on behtttf of the board J, m.w.. MrnJMor8an.Th .. Mr W H*y. TMt¢¢
THK CAROUSEL SCHOOL OF CYMNASTICS UNrr 2A BYRON WORK& RU&S£LL CARDENS, WICK wICKFoR LSSEX (R•KL¥ternd Ch•rlty No:_ W83) TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR YEAR ENDKD 31 MARCH 2022
THE CAROUSEL SCHOOL OF CYMNASTI ANNUAL REPORT OF THE TRUSTEES )R THE YEAR EPIDED 31 Mareh 2021 The C4musel Sc1Kl of GymtM5tics is ronstibjted by I)ccd of Tntst and is a registered charity, No. 803483. Its address Unit 2A Byrnn wor Ruwll GaTdens, Wi¢kford, E99ex SSI 18 Th¢ c&aTity tNtste¢s during th¢yearto 31 March 2022 w¢rv.- Mrs Jean Morgan Mr William Harv The object of th¢ ¢lwity remain$ the sgme- to wovtd¢ a M8C$ facilty for youn8 pwple ensuring attcntlon ts given to the physi1 education of the pupil& in the inteTQ5ts of so¢ial we]far4 together with telm spirit and fdscnse of b¢loo8lll8. The CUTrart ¢mphasis bein¥ artiS¢i¢ and recreationaj gymTWtiu. The ch8rtty 1$ mainly deper¢rtt OD membeT5hip subwiptton8 tO8ethor with th¢ hirin8 Out of the prtmlse8 for local group$ it)cluding Htsm¢ ¢th]cation and Sch1 8roups. Fundraisit18 is also significartL The Echool hag hi8hly qualifi 0)1¢h to teach the Mnuts and enc4Mwag¢s ¢x-gymn to stay in the 8iK)rt 8nd tske coachingljudging qualifitions. All our coaches qualified ond have been DBS ¢he¢ked and all have * first aid ¢¢rtifi¢ate and &tt¢nd Saf¢8u8rding and prot¢ctin8 childrcn wur8¢s. M¢mbership i8 at an Bll-time hi8h and th v¢ry Ion8 waiting list is b¢in8 h¢Jd. A committee eleaed by the memb¢r5hip at an Annual Get)era] Meeting hcld Every April man88e the to day of th¢ s¢hrxTrl. how¢v¢r volunte¢ts join the committee trt bemI8 Lncreasingly Iwd find. The school continues to produ¢e wcc¢ssfiLI 8ymnasts at Coutlty, Re8ional artd National Level. We regutthrly ¢nt¢r all l¢vels of childr¢n irt team comWi¢ion$ at)d friendly events wi¢h other clubs. The club was unable to hold our Anttuthl Club Competition for fill childrcn ith the ¢lub due io the cU¢nIc0v1D 59 pandcrnic a¢tivitieB within th¢ ¢lub hav¢ b¢¢n affected by thi$. We manage4J to hold our AGM although att¢t)d¢t was low. We ¢ontinue to rcceive a sm411 Mrnnt from th¢ Ja¢k Pet¢hey Foundation a8ain r¢co8ni8ing tho ¢hildr¢n that have m# a posi¢ive ¢ontribution ty th¢ sch¢x)l. W¢ hav¢ been working hanl to convert the re¢•)tly acquired lea5c for a n¢w premises in Rochford. W¢ have m&nAged to hiT¢ rt¢w $thff. however we still need more. W¢ op¢ts¢d door8 to RochfLKd at th¢ end of March and14y)kin8 forw&rd to offering more opportuniti¢310 th¢ soUthl E55ex aroa. We currtn¢ly have 24 eMploye¢fi18nCe Coll¢ thre¢ of which are fvll tim• 9t8ff. I will be continuing #s a trustee forth¢ for¢s¢¢able futsrc" how¢v¢r, we are stNggling to recruit snothertr. We also $et up a n¢w cpY Limited by gu8rftntee'Carousel Gymnai¢s Limit¢d'. Adam Lovatt ha$ agreed to b¢ 8 Trustee in this n¢w company whi¢h we will be applying for Charitable status as SCM)n as th¢ Charity Commission 1$ allowing new r¢gi5¢rntions. At whi¢h point all activitie5 will b¢ trSferred over. This 15 S¢ill on hold. The Independ¢nt Examinu is Mr A R Wenden FCCA, of M¢55r8 ElliotL mort10. Bu8by & Co Limit¢d. Chart¢r¢d Certifid A¢tality, of l2 High StsY¢4 Stanford le Hop¢. Bss¢x SS17 OEY. Th¢ chity'S TrAnk &r¢ Lloyds Bank at Basild0 Esg¢X. Mrs J¢wD Morg8D On bchalf of the Board ofThisteu of The Carou8¢1 School of Qyrnnasti¢¥ Page I
INDEPENDENT EXAMER,$ REPORT TO THE TRUSTEES OF IHE CAROUSEL SCHOOL OF GYMNASTI(S I Erf)rt onthe a¢¢ounts ofth¢ Society for th¢yw&e 31 March 2022 which hr¢ sel outon pa8es 3 to 6. Resp¢¢tlv¢ res11blIt of trn$teu •lld MIner The chaTity'$ tsustees ar¢ resrAJn8ibl¢ for the preparAtion of the acGouiits. The charity's UWStee5 COn5id¢r that an audit Is not requir¢d for this y¢hr under 5¢¢tion 144(2) of the Chariti¢5 A¢¢ 2011 {th¢ 2011 Act) &nd 8t) independent ¢xamittatioTh is needed. It 18 my responsibility 10: BKomino th¢ a¢¢outtts under fi¢)n 143 of the 2011 A¢t: To follow th¢ procedLW¢$ laid down kn the Gen¢rnl Direction5 giv¢n by the Charity Commi5sion¢r und 8e¢tion 145{5Xb) of the 2011 A¢t; and To 8tat¢ whdher ti¢Ular matt¢TS have ci)me to my ott¢nti¢)n. BasA• of Ind¢pondeut xmlDer'• thtsm•ut My examination wos carrityl out in aecord wth G¢n¢r41 Directions 8iven by th¢ Charity Commissioner. An éXAminaiion includ¢s • review of the accounting reconly keW by the chty &nd A Comparison of th¢ accounts pr¢s¢tJ¢¢d with those records. li also includes corL8ideration of any unusual it¢m5 or di5¢1osur¢s in the accounts, and th¢ s¢¢kin8 explanations from you •s tru5teeJ COteming any su¢h matter5. Th¢ PTocedurc5 undertaken do not provide all tht ¢vidence thai would bc r¢quiTed in an Audit. 8nd consequently no opinion is given A5 to wh¢ther th¢ A¢¢ounts a'lrue and fair view" and th¢5 r¢wrt is limited io those rn8ttcrs set out in thr ststnent below. lttd•p¢nd¢t umltter'• sts•ent In eotmection with my exam5n•tior4 no m&tt¢r h&$ come my •tt¢ntion: (l) which 8iv¢$ me r¢gsottabl¢ ¢wseto beli¢ th•L in sny mat¢ri81 reBPrt the requir¢ments'. ¢0 keep accountin8 rOrdS io rdan with 8Ktion 130 of the 201 l Act; And to prepaT¢ coUnts whith accord with the accounting rdS and to wmply wlth th¢ accountlng requir¢ments of th¢ 2011 Act hav¢ m¢t: or (21 ¢0 whith In my opinion. attention should b¢ drawn in OTd¢rto ble a prop¢r erStandIng of th¢ oUnts to be rta¢hed. 12 Hi8h Street Stanford k H SS170EY A R WcDd•J, FCCA Elllott, MortiocK Busby & Co Uttbltsd Chartered Certified Accounthnts
THK CAROUSEL SCHOOL OF GYMNASTI( STATBMENfoF FINANCIAL ACmqTIKS FOR THE YEAR ENDED 31 MARCH 21122 2022 2021 Gy]nn&stic activities Fund raisin8 r¢¢¢ipts dep051t a¢¢owrt intertit Insurance claim 218,639 837 21 106,290 2.759 47 920 J25.13J Totsl Intornlng R¢8our 247 917 234 233 RMourees Exp¢ttd4d C05t of gymnti¢ actiYiti¢s National In$yr8nce Ptn$ions Reni And service chug¢ Ralcs Jn5urane¢ Lsghting &nd hting P05tsg¢. stationw and lldv¢rti8in8 T¢lephone subrIPtIOns Coaching fe¢s and ¢Xpe$ Repairs and rttknvals Bank ¢h8r8es AffiliAtion fees Ind¢p¢nd¢t)L examinati¢)rt fe Cleanirb8 Course fee5 L¢g41 fe¢$ 13,078 4,035 lJ57 IS798 1030 1459 U56 767 1ffi89 315 121.130 1227 1,897 1013 2J19 1,573 2, 787 1,535 J&258 2,347 3,679 481 1.613 530 110,290 94 97 9JO 2,JOJ SJ5 1.814 5,617 1ffj98 176,742 154.408 Depr¢el8tlrJ 111711 11,6J9 FlnADee Cthts- Loan IDtsrtJt Tot1 Expead¢d J09 057 N•t Its18 Reure¢l 5&416 64,576 Reco#¢llldon of Fu18 Totsl brnught fornrd 8t l April 2021 432 367 927 TotAI Futtdg earrkd fornrd al 31 M•r¢h 21ll2 £432 503 The noles onpages 5 to 6fomparrofthese Accowrt Page 3
THK CAROUSEL SCHOOL OF GYMNASTICS BAIANC£ SHEET AT31 MARCH 2022 2022 2021 Trlx¢d A89¢ts 239,981 Curren¢ knets 4.452 Expens pfyid in adv¢¢ 2U42 8.445 1,965 8.593 Cth ot bgnk - deposit accounts . ¢urMt a¢¢ounts 229.539 341 21,736 670 Cash irt haThJ 273 435 CredltrJJT: AmoMJbl• fllln¥ due Tfvlthln ow y••r Accruals 4137 31427 4,016 7,728 Creditor Bk loans N¢t CDrr•Dt A•tr 105 71 255 538 yJo,ioi 495,499 Cr¢dltorn: AmfjuDts Flllts% after than OD• year Bank loon Net A¥gets £432 503 Repr¢Mted by:" ofth¢ Chrlty Unrtstrlcted IncoJn F•ttd• General purposes fid £432 503 For and on belidf of the Board ofTru5tees Page 4
]IIE CAROUSEL SCHOOL OFGYMNASTICS NOTES TO THE ACCOUNTS FOR ThE YEAR ENDKD 31 MARCH 21)22 BAalJ of prep*ratlon ofxcouthts The Accounts have been prepAr1 onthe iwi8 of historhc c05t and in )rdance with.. Chariti¢S Act 2011. Chariti¢5 SORP (FRS102) The charity has tsken rxemption from preparing a cash Ilow stytemeni under the chNTiti¢o SORP IFRS102) update bulletin I kssu&l OD 2 Febnwy 2016 thiS charity c0th5titutes a small charity. Th¢ fit18] statements w¢ wepllred on goirh8 CODcem basi& under th¢ histori¢41 cos¢ convention. The finan¢ial statcm¢nts are prep in st¢rlin8 whieh 15 the fimdional currency of the charity and rounded to the ncarnst prtrund. Th¢r¢ ar¢ no 8]lfienI arw8 ofjud8ements or k¢y sow¢u of estimation uiicertainty. The trust¢¢8 con&ider th81 th¢re aye no unc¢rtwttti¢s alM)Ut thc chaTity'$ ability to wntinue as 4 going concern. Th¢ Charity 18 an uninwrthl trust Constitut by & trust de¢d. 2. AttOUDtlll¥ Polkl¢• 2.1 lth¢oJDlxg ReMHrt R¢¢osnition ofln¢mthgresources are kncludcd in the Sta¢¢ment of Financial Acitviti¢s (SOFA) when.. the ¢barity becorne5 cntit]ed w the r¢Jou the trustew ar¢ virtually certain th¢y will r¢¢¢ive the re8ourc¢5' and th¢ monetary value ¢&n b¢ megsured with suffi¢i¢ni J%liability. Incoming r&%o¥rces wilh tYlatedexpendlthr¢ Ivherc incoming reSoUeS have r¢lated upenditure (as with fthklraising or ¢ontroct income) the inwmln8 r¢$ourvs and rclAted ¢xp¢ndibJre are Teporttyj gY(ss in the SOFA. Granls doallol Grynt$ and donations ar¢ only in¢luded in the SOFA when the charity uThcondlttona] entid¢m¢nt to th¢ re50ur¢es. JnveslmenliA¢o# This is iThClUd in th¢ acwunts when 01vable. 2.2 Kxpendlture il•bllltl Liabilities Bre rwis¢d &8 exraiture 85 500n as th¢r¢ 18 8 le8al or constructivc obligation ¢¢Mtting the ¢hority to that experKiitiJre, L( is possible that a trNn5f¢T of ewiomic benefjts will be Tcquired in settlement and th¢ amounr of th¢ obligation can be measured reliably. ExpetMtituJY is accourted for on an a¢¢rual$ basis and ha8 been cia55ified under headings that aggregat¢ ajl wst r¢l8ted to the cate80ry. Wh¢T¢ ¢OSts c&nnot be dIreY atiributed to partiGuiar Imdin8s they bave be¢n aJlo¢•t¢d to activities on a bssis ¢on$i$i¢nt with the u5¢ of resourtt$. Pag¢ 5
TH8 CAROUSEL SCHOOL OF GYMNASTI(S NOTES TO AccouNrs FOR THE YEAR ENDED 31 MARCH 2022 2.3 Tinglbk red M•ts and deprecl•llo Tangibl¢ fixoj ar¢ sthled at C4>St less dorecl10. tkpreciation 15 provided at rate5 calculad to wri off tht Cost of fw¢d le&8 their estimata r¢sidual ¥¢, ov¢r their expe¢ted usefijl lives on th¢ followin8 bases'.- Equipment And Fitshn88 per aTmum on the strni8ht line bg5iS. 2.4 Tsxatlo The charity is •x¢mpt from tax on its c4wit4ble actlvltl¢& 2.5 Fund wountlni Unre5tricttd fimd8 be usea In ance with the ¢horÉtable objeLivey&tth¢ di8¢r¢tion ofthe trustses. R¢5tri¢ted filnds onty be used for pirticul8r restricted purpo within the objects of th¢ ¢harity. Re5tri¢tion aris¢ when sp]rIed by the donor orwhM fi]nds are T4ised for parti¢u14rr¢stri¢t¢d PLWPOS¢S.
THE CAROUSEL SCHOOL OF CYMNAsrics NOTES m THE ACCY)UN75 FOR THE YEAR ENDED31 MARCH I Cpltsl Fr¢¢hold laxd ¢xpemdltDTe o & buildityy bMlldl Equipment and fittinp Total At l April 2021 Additions Disp05hl$ 44.228 120.762 148,309 116.399 108,910 5(K> 281J89 257,519 500 At 3J Marcb 2022 269 1171 22 Dtpr¢dAtIo A¢ l April 2021 ChAf8e for year 41,408 41,408 At 31 MAr¢h 2022 53.278 N•t book vglu At 31 M•r¢h 2022 269 AÉ 31 Morch 2021 120 762 Try•tv•' R•munertlon •d Eyp¢JMs There w¢K no pwnents made to Tn5 in the Y for pmiding %rvi¢¢ Managw¢Dt AdmlDtstr4tlon of tbe Cblrlty 2022 2f121 S¢turlty The charity provid¢d the bank with a legal clmrge ov¢rth¢ firehold propffj it owns w se¢wity for th¢ bank 108n 4*>t•ined in the y¢ttr. Page 7
Op¢rBtlni Lt8se Commltmeats The Clic has a total a)mmitm¢nN and contingencics as &t yw ¢rtd 2022 of£ (2021.. £) included in th¢ obove areminimum l¢w paymentswMiernonwcan¢¢ll&bl¢ l¢w4 falling due lls folli>ws'. 2021 Within one year Between one and five yewrs After five year5 52.834 281,783 722.069 14,818 1056 686 Page 8