REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 |
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THE ENGLISH GYMNASTICS ASSOCIATION LTD |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 |
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FOR |
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THE ENGLISH GYMNASTICS ASSOCIATION LTD |
THE ENGLISH GYMNASTICS ASSOCIATION LTD (REGISTERED NUMBER: 08209106) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2022 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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THE ENGLISH GYMNASTICS ASSOCIATION LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2022 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
44a Joy Lane |
Whitstable |
Kent |
CT5 4LT |
THE ENGLISH GYMNASTICS ASSOCIATION LTD (REGISTERED NUMBER: 08209106) |
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BALANCE SHEET |
31 MARCH 2022 |
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2022 | 2021 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
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Prepayments and accrued income |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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RESERVES |
Income and expenditure account |
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The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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THE ENGLISH GYMNASTICS ASSOCIATION LTD (REGISTERED NUMBER: 08209106) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2022 |
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1. | STATUTORY INFORMATION |
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The English Gymnastics Association Ltd is a
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Debtors |
Short term debtors are measured at transaction price, less any impairment. |
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Cash and cash equivalents |
Cash is represented by deposits with financial institutions, some repayable without penalty on notice of not more than 35 days. |
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Creditors |
Short term creditors are measured at the transaction price. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2021 - NIL). |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Trade creditors |
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Other creditors |
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THE ENGLISH GYMNASTICS ASSOCIATION LTD (REGISTERED NUMBER: 08209106) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2022 |
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6. | OFF-BALANCE SHEET ARRANGEMENTS |
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During the year ended 31st March 2022, the British Gymnastics Association (BG) provided financial support to the English Gymnastics Association (EGA). This financial support, which consisted of costs paid by BG on EGA's behalf, totalled £199,604 (2021 - £182,091) and is analysed in the table below. These costs are not included in the income statement. |
2022 2021 |
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Squad Training and Internationals 128,012 98,879 |
EGA Events 27,628 23,107 |
Regional meetings 3,421 20,942 |
Directors board meetings 2,858 1,624 |
Administrative costs 37,685 37,539 |
________ _______ |
199,604 182,091 |
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During the year the EGA received in-kind sponsorship from Milano to a nominal value of £19,119 (2021 - £19,119). This in-kind sponsorship is not included in the accounts. |