2021-07-31-accounts - Plymouth Swallows School Of Gymnastics

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for the year ended 31July	2021
				Unrestricted	Restricted
				funds	funds	Total	Total
			Notes			2021	2020
					P	R
INCOMING RESOURCES
Donations and grants				21,330	10,000	31,330	25,500
Incoming resources from charitable		activities		267,905		267,905	294,928
Income from other trading	activities			2,951		2,951	1,506
TOTAL INCOMING RESOURCES				292,186	10,000	302,186	321,934
RESOURCES EXPENDED
Expenditure on charitable	activities			302,230	208	302,438	327,022
Cost of raising funds				3,161		3,161	5,326
TOTAL RESOURCES EXPENDED				305,391	208	305,599	332,348
NET INCOMING/(OUTGOING)	RESOURCES			(13,205)	9,792	(3,413)	(10,414)
Reconciliation offunds
FUNDS BROUGHT FORWARD				390,796	344	391,140	401,554
FUNDS CARRIED FORWARD				377,591	10,136	387,727	391,140

Land and buildings	2'/o straight	line
Equipment	10/o, 15/o	or 25/o s'traight	line

fo	r the year ended 31 July	r the year ended 31 July	r the year ended 31 July	2021	2021
4	Expenditure on charitable			activities		2021	2020
	Operation ofgymnastics		club
	Direct costs of charitable		activities (see note 5)			274,125	302,005
	Governance costs (see		note		6)	28,313	25,017
						302,438	327,022
5	Direct costs ofcharitable			activities		2021	2020
						R	R
	BGA insurance					690	736
	Holiday gym expenses						316
	Repairs and maintenance					6,973	13,625
	Rates					290	2,573
	Rent					5,204	5,204
	Cleaning					6,793	5,605
	Utilities					6,031	6,733
	Net competitions cost					(65)	654
	Depreciation					20,416	26,780
	Ballet						101
	Natalie Engel Dance costs					120	.915
	Subscriptions and licences					2,233	1,834
	Bank charges					7,013	6,366
	Sundry expenses						29
	Postage and stationery					849	374
	Insurance - charity					4,060	4,165
	Telephone					771	837
	Fund raising costs						1,277
	Staff costs (see note 9)					212,747	223,881
						274,125	302,005
6	Governance costs					2021	2020
	Independent examiner	remuneration-
	for independent examination				work	1,296	1,290
	for other work						150
	Administration fees					4,028	6,728
	Staff costs (see note 9)					22,989	16,849
						28,313	25,017
7	Merchandising income		and		expenses	2021	2020
							R
	Sales of clothing and badges					2,951	1,506
	Cost ofsales, adjusted	for		stock		(3,161)	(5,326)
	Net income/(cost) from	merchandising				~210	~3,820

9	Staff costs						2021	2020
							R
	Wages and salaries						222,362	225,899
	Staff training						172	1,726
	Pension (defined	contribution)		costs			4,286	4,664
	Social security costs						8,396	8,139
	Other staff costs						520	302
							235,736	240,730
	Allocated to:-
	Direct costs of charitable		activities				212,747	223,881
	Governance costs (based		on	actual expenditure)			22,989	16,849
							235,736	240,730
	Average number	of staff					24	29
	Number of staff with emoluments				in excess of F60,000
10	Tangible fixed assets
						Buildings	Equipment	Total
	Cost
	At 1 August 2020					178,592	192,822	371,414
	Additions Disposals						30,562 ~42, 32D	30,562 ~42,328)
	At 31 July 2021					178,592	181,064	359,656
	Depreciation
	At 1 August 2020					40,506	122,582	163,088
	Charge for the year On disposals					3,572	16,844 ~42,218	20,416 ~42,2)8)
	At 31 July 2021					44,078	97,208	141,286
	Net book value
	At 31July 2021					134,514	83,856	218,370
	At 31 July 2020					138,086	70,240	208,326

14	Pension commitments
	The company operates	a defined	contribution		scheme. The contributions	due to the scheme are
	disclosed within the staff costs note.
15	Operating lease commitments					2021	2020
	The total future minimum	lease payments		under	non-cancellable
	operating leases are as	follows:-
	Amounts payable:
	within one year					5,204	5,204
	within two to five years					20,816	20,816
	in over five years					364,280	369,484
						390,300	395,504

	2021		Balance at			Balance at
			start date	Income	Expenditure	end date
			E	E	E	2
	Restricted funds
	SWAGA - vault
	SWAGA - hand rails/bars Private donation - gym floor		344	IO,OOO	(125) ~83	219 9,917
			344	10,000	(208)	10,136
	Unrestricted	funds	390,796	292,186	(305,391)	377,591
	Total funds		391,140	302,186	(305,599)	387,727
	2020		Balance at			Balance at
			start date	Income	Expenditure	end date
			2	E	E	E
	Restricted funds
	SWAGA - vault SWAGA - hand rails/bars		751 469		(751) ~125	344
			1,220		(876)	, 344
	Unrestricted	funds	400,334	321,934	(331,472)	390,796
	Total funds		401,554	321,934	(332,348)	391,140
18	Analysis of net assets between funds
	2021			Restricted	Unrestricted
				funds	funds	Total
				E	E	E
	Fixed assets			10,136	208,234	218,370
	Stocks				8,200	8,200
	Cash at bank				160,762	160,762
	Debtors				8,123	8,123
	Creditors				(7,728)	(7,728)
				10,136	377,591	387,727
	2020			Restricted	Unrestricted
				funds	funds	Total
				E	P.	E
	Fixed assets			344	207,982	208,326
	Stocks				9,226	9,226
	Cash at bank				188,405	188,405
	Debtors				8,027	8,027
	Creditors				(22,844)	(22,844)
				344	390,796	391,140