TWISTERS GYMNASTICS LTD (A company limited by guarantee) Statement of financial activities (incorporating the income and expenditure aceount) For the year ended 31 March 2021 Unrestricted funds 2021 Total 2020 Tot81 Notes Incoming resour¢es Incoming resources from generating funds= Other trading activities Incoming resource5 from charitable actlvitie 91 198,195 91 198,195 13.977 223.778 Total incoming resources 198.286 198.286 237.755 Resourees expended Chariiable activities Other Costs 179,654 2,159 179,654 2,159 241,021 5,911 Total resources expended 181,813 181,813 240.932 Net ineomlng/(outgoing) resourees for the year I Net ineomel(expendithre) for the year 16,473 16.473 (9.177) Total ndS brought fonvard {16,1411 (16,1411 (6,964) Total funds carried fonvard 332 332 {16,141) The statement of financial activities includes all gains and 1055es in the year and therefore a separate statement of total re¢ognised gain% and 10$8es has not been prepared. All of the above amounts relate to continuing activities. The notes on pages 9 to 14 form an iDtegral part of these financial statements. Page 6
TWISTERS GYMNASTICS LTD (A company limited by guarantee) Balance sheet as at 31 March 2021 2021 2020 Note Fixed assets 'rangible assets Current assets Debiors Cabli at bank and in hand io 201 499 11.723 16.276 616 27.999 616 Creditors: amounts fjlling due within one year 127.868) 117.256) Net current assetsl(liabilities) 131 116.640) Total assets less Current liabilities 332 116,141) Creditors: ajnounts falling due after wore than one year Net assetsl(li&bilitles} 332 {16.141) Funds Unre%iricied income fulkd ij 332 {16.141) Total funds 332 {16.141) The Balwice Sheei continues on the folltswinu pa&1¢. The notes on pages 9 to 14 form #n integral part of thcse fAnanclal stthtement5. P#ge 7
TWISTERS GYMNASTICS LTD (A Company limited by guarantee) Bglanee sheet (continued) Trustees statements required by the Companies Act 2006 for the year ended 31 March 2021 In approving these fitydncial statements trnstees of the company we hereby confirm.. (al that for the year stated above the company was entitled to the exemption COnfeed by section 477 of the Compani&8 Act 2006 ., (b) that no notice has been deposiied at the registered office of the company pursuant to section 476 of the Companies Act 2006 requesting that an audit be conducted for the year ended 31 March 2021. (c) that we acknowledge our responsibilities for.. (l) ensuring that the company keeps proper a¢¢ounting records which comply with seciion 386 of the Cornpanies Act 2006. and (2) preparing financial statements which give a true and fair view of ihe state of affairg of the company a8 at the end of the f]nancial year and of its profit or loss for the year then ended in accordance with the reqllirement8 of 8ectiO]L$ 394 and 395, and which othenvise comply wtth the provisions of the Compat]ie5 Act relaiing to fiT]ancial statements, $0 far as applicable to the ctsmpany. These fiFnCial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies. regime. The fJnan¢J&l staiemenL8 were approved by th¢ bL)ard on 24 November 2021 and signed on its bchalf by Danny Fisher Director Paula Pyke Dire¢tor The notes on pages 9 to 14 form an integrnl part of these financlal statements. P#%e 8
TWISTERS GYMNASTICS LTD
(A company limited by guarantee)
Notes to finaneial statements
for the year ended 31 March 2021
Aeeountillg policie5
The principal accounting policie.% are sunimarised below. The accouniing tKJlicies have been applied consisienily
ihtou¥houi lh¢ year and the preceding ycdr.
Basis of aeeouDting
Thc financial blatemcni% are piEpared in accordanLt with AcLountit)g and Reporting by Cliarities.. Siatenienl of
R¢bommended Practice applicable lo chariiieb preparing thcsr accounts in accordance with the Financial
Reporting Siandard
TWISTERS GYMNASTICS LTD (A Company limited by guarantee) Notes to financial statements for the year ended 31 March 2021 1.5. Tangible fixed assets and depreciation Tangible fixed a&seus are slated at cost less accumulated depreciatiot]. Depreciation is provided at rates calculated to write off the cost le8. residual value of each a8.8et over its expected useful life, a.8 follow8: Fixtures. fittings and equipment 150/0 straight line 1.6. Defined eontrlbutlon penslon schemes The pension costs cliarged in the finaiicial statements repr&nI the Contribution payable by the charity during the year. Other tradlng 4¢lAvltles Unrestrieted funds 2021 Total 2020 Total Other Income 91 91 13.977 91 91 13.977 Incoming resources from charitable activities Unrestricted fllDds 2021 Total 2020 Total Mernberships JRS Grants DFE COVID Support DOF COVID Grant8 Sport Nl Grant 26.306 111.979 25.000 32,910 2.000 26.3(16 111.979 25.000 32.910 2,000 223,778 198,195 198.195 223.778 Page 10
TWISTERS GYMNASTICS LTD (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2021 Expenditure on Charitable Activities Unrestricted funds 2021 Total 202 Total Staff CO¥is Eliuipment Hire Motor and Iravelling expenbes Rejit Payable 114t¢% and Woiei. RaL¢% Ligl)t dnd Heat Repairs and Mainienance GenLrnI EXpeJieS Advertisin UnilotnL% Cleaning Telephone l)rilling.poslgGlC and siatioiiLry riiish GyMntiCS InsuranLe Cort)p¥lilions Coach fee% 130,179 23.587 130.179 23.587 172.701 16.930 12,000 335 12.(M)O 335 386 6.233 8.017 10,005 1,674 3.565 1,674 3,565 3.589 3.589 6.142 840 2.927 3.524 3.524 1.035 1.688 Total resources expended 179.604 179.61M 241.021 Other costs Vnribsirleted funds 2021 Total 2020 'rotal Credit Card Charges Interest puyable and siinilar charges Bank Charge AcLOUlltanLy fee Dcpr¢ciaiion dnd impairnient 1.652 63 1.083 1.033 2,080 775 1,035 298 775 1.035 298 I'otal resources expended 2,159 2.159 5.911 Net ineomlngl(outgoing) resourees for the year 2021 2020 Net Incomin{oUtFtrg) resources is staicd alliy ¥hargin8: Deprcciation and other amounis wriln off ianLFible fixed a%%eis 298 2.080 Pago 11
TWISTERS GYMNASTICS LTD (A Company limited by guarantee) Notes to financial statements for the year ended 31 March 2021 Etllployees Employment costs 2021 2020 Wages and.%alaries Social security costs Pension cost5 126.610 1,844 .725 165,964 3.812 2,925 130.179 172.701 No employee received emolumet]ts of rnore than £60.0(M)12020 . None). Number of employees The average monthly numberg of employees {including the tnlee8} during the year. calculated on the basis of 11 time equivalenLs. as follows.. 2021 Number 2020 F4umber Coaches 16 20 Pension costs The company operate5 a defined ¢oniribution pension scheme in respect of the auto enrolernent. The scheme and its a8qeis are held by independent managers. The pen%ion charge repre%tnts contributio$ due from the con)pany and was ab follows.. 2021 2020 Pension chaFgFe 1,725 2.925 Taxation The charitl8 activities fall within the exemption8 afforded by the provi8ions of the Income and Corporation Taxe5 Act 1988. Accordingly, there is llo taxation charge in these accounts. Page 12
TWISTERS CYMNASTICS LTD (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2021 Fixtures, rittings and equlpment io. 'rangible red assets Total Cost At l April 2020 and At 3 I Marcli 2021 13.867 13,867 Depreciatio Ai l April 2020 Char&Te lor Ihe year 13.368 298 13.368 298 At 31 Marcli 2021 13,666 13.666 Net book values At 31 March 2021 201 201 At 31 March 2020 499 499 li. Debtors 2021 2020 Other debtor 11.723 12. Creditors: amounts falling due within one year 21121 2020 TetTi Fisher Trade Crediio Other laxe% and %o¢ial secui'ity Oiher Lrtrditoi AL¢ruals and deferyed in¢omc 2.464 603 12,427 472 1.290 229 12.428 1,601 13,610 27.868 17.256 13. AnAlysi$ of net assets behve¢n fundtb 'I'otal funds Fund balan¢e% at 31 March 2021 repre%ciited by.. Page 13
TWISTERS GYMNASTICS LTD (A company limited by guarantee) Notes to financial statements for the year ended 31 March 2021 14. Unrestricted funds At At 31 March 2021 l April Ineoming 2020 resourees General fimd 16.473 332 Puryoses of unrestricted funds Gener81 pupoqe of Charity 15. Controlling interest The dire¢tors of the company control the ¢ompat]y a5 a board. 16. Company limited by guarantee TWISTERS GYMNASTICS LTD 15 a company limited by guarantee and aceordingly does not have a share capital. Every member of the compajiy undertake8 lo contribute such amount as may be required not exceeding £1 to the asseis of the Charitable company in the even¢ of its being wound up while he or she is a member. or within one year afier he or bhe ceaseb to be d member.for- a)payrnent of the companls debts. and liabilities contracted before they cease io be a member b)payment of the costs,charges and expense8 of winding up .and c)adjustement of the rights of the contributors among themselves. Page 14