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2023-08-31-accounts

Page
Report ofthe Trustees 1 to 8
Report ofthe Independent
Auditors		 9 to 12
Statement ofFinancial Activities 13
Balance Sheet 14
Cash How Statement 15
Notes tothe Cash Flow Statement 16
Notes to the Financial Statements 17 to 28
Detailed Statement ofFinancial Activities 29 to 30

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes f, f g
INCOME AND ENDOWMENTS FROM
Donations snd legacies 3 110,806 110,806 129,605
Charitable
activities
Provision ofgymnastic facilities 980,370 980,370 766,132
Other trading activities
Investmcnt
income		 4
5		 130,793
401		 130,793
4D1		 81,826
24
Total 1,222,370 1422,370 97'7,587
EXPENDITURE ON
Raising funds 50,504 5D,504 29387
Charitable
activities
Provision ofgymuLstic facilities 1,102,503 1,102,503 1,035,827
1,153,007 1,153,007 1,065,114
NET INCOME/(EXPENDITURE) 69,363 69,363 (87,527)
Transfers between funds 24 199,670 {199,670)
Net movement
in Itmds		 269,033 (199,670) 69,363 (87,527)
RECONCILIATION OF FUNDS
Total funds brought forward (266,231) 199,670 (66,561) 20,966
TOTAL FUNDS CARRIED FORWARD 2,802 2,802 {66,561)

2023 2022
Unrestricted Restricted Total Total
funds funds funds fbnds
Notes f E
FIXEDASSETS
Tangible assets 15 220,969 220,969 308+64
CURRENT ASSETS
Stocks 16 336 336 3,713
Debtors 17 23,411 23,411 1,993
Cash at bank aud in hand 167,038 167,038 166,294
190,785 190,785 172,000
CREDITORS
Amounts
falling due within one year		 18 (104,900) (104,900) (114,100)
NET CURRENT ASSETS 85,885 85,885 57,900
TOTAL ASSETS LESSCURRENT
LIABILITIES 306,854 306,854 366,164
CREDITORS
Amounts
falling due after more than onc year		 19 (111,762) (111,762) (157,629)
PROVISIONS FORLIABILITIES 22 (47,500) (47„500) (47,500)
ACCRUALSAND DEFERRED INCOME 23 (144,790) (144,790) (227,596)
NKT ASSETS 2,802 2,802 (66,561)
FUNDS 24
Unrestricted
funds		 2,802 (266331)
Restricted funds 199,670
TOTAL FUNDS 2,802 (66,561)

2022
Notes
Cash flows from operating
activities
Cash generated
from operations		 82,412 (96,096)
Interest paid (10,569) (3,495)
Net cash provided
by/(used		 in) operating activities 71,843 (99,591)
Cash flows from Investing activities
Purchase oftangible fixed assets
Sale oftangible fixed assets		 (25,633) (29,475)
3,500
Interest received 401 24
Net cash used in investing activities (25,232) (25,951)
Cash flows frotn flnanclng activities
Loan repayments
in year		 (45,867) (24,002)
Net cash used in fmancing activities (45,867) (24,002)
Change ln cash and cash equivalents in
the reporting
period		 (149,544)
Cash and cash equivalents at the
beginning ofthe reporting period 166/94 315,838
Cash and cash equivalents at the end of
the reporting
period		 167,038

RECONCILIATION
OFNKT INCOME/(EXPENDITURE)		 RECONCILIATION
OFNKT INCOME/(EXPENDITURE)		 TO NKT CASH FLO% FROM
OPERATING ACTIVITIES
2023 2022
Net income/(expenditure)
for the reporting		 period (as per the
Statement ofFinancial Activities) 69,363 (87,527)
Adjustments
for:
Depreciation
charges
Loss/(profit)
on disposal offixed assets		 111,933
995		 128,785
(3,500)
Interest received (401) (24)
Interest paid 10,569 3,495
Decrease/(incresse)
in stocks		 3,377 (1,603)
(Increase)/decrease
in debtors		 (21,418) 6,694
Decrease in creditors (92,006) (142,416)
Net cash provhled
by/(used
la) operations		 82,412 (96,096)
ANALYSIS OF CHANGES IN NET (DEBT)/ FUNDS
At 1.9.22 Cash flow At 31.8.23
f.
Net cash
Cash at bank and in hand 166/94 744 167,038
166,294 744 167,038
Debt
Debts fiLIIing duc within 1year (45,950) (45,950)
Debts falling duc afler 1 year (157,629) 45,867 (111,762)
(203,579) 45,867 (157,712)
Total (37,285) 46„611 9,326

3. DONATIONS AND LEGACIES
2023 2022
I
Grants 110,806 127,356
Job Retention Scheme 2+49
110,806 129,605
Grants received, included in the above, are as follows:
2023 2Q22
g
ALC Grant 82,806 93,356
BAD Council Grant 28,0QQ 28,000
Other Grants 6,000
110,806 127,356
4. OTHER TRADING ACTIVITIES
2023 2022
Sponsorships
Shop income
Cafe income		 11,773
4,191
11,574		 1,719
9,430
2,635
Fundraising
events
Birthday parties
Room and coach hire		 49,598
7,140
6,792		 18,049
11323
4,020
Other income 186 966
Holiday club 39,539 33,784
130,793 81,826
5. INVESTMENT INCOME
2023 2022
Interest receivable - trading 401 24

6. INCOME FROM CHARITABLE ACTIVITIES INCOME FROM CHARITABLE ACTIVITIES INCOME FROM CHARITABLE ACTIVITIES INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Gymnastic
fees &
subscription
Gymnastic
competitions		 Provision ofgymnastic
Provision ofgymnastic		 facilities
facilities		 961,223
19,147		 742,838
23/94
980,370 766,132
7. RAISING FUNDS
Other trading activities
2023 2022f
Purchases 21,598 14/93
Bad debts 14 1,700
Other costs 17,922 4,621
Events costs 401 4,904
Holiday club costs
Interest payable and similar charges		 10,569 274
3,495
29/87
g. CHARITABLE ACTIVfI'IES COSTS
Support
Direct costs (see
Costs note 9) Totals
E f,
Provision ofgymnastic facilities 976,769 125,734 1,102,503
9. SUPPORT COSTS
Governance
Management Finance costs
f		 Totals
Provision ofgymnastic facilities 105,398 13,072 7,264 125,734
10. NET INCOME/(EXPENDITURE)
Net income/(expenditure} is stated after charging/(crediting):
2023 2022
f,
Depreciation - owned assets 111,933 128.785
(Deficit)/surplus
on disposal offixed assets
Operating
lease rentals		 995
38,500		 (3,500)
42,000

STAFFCOSTS
2023 2022
f.
Wages snd salaries 669,255 612,400
Social security costs 42,474 42,169
Other pension costs 11,373 14,514
723,102 669,083
The average monthly number ofemployees during the year was as follows:
2023 2022
Average number ofstaK 50 43
No employees
received		 emohunents in excess off60,000.
COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 36,249 93,356 129,605
Charitable
activities
Provision ofgymnastic facilities 766,132 766,132
Other trading activities 81,826 81,826
Investment
income		 24 24
Total 884,23] 93,356 977,587
EXPENDITURE ON
Raising funds 33,812 (4,525) 29,287
Charitable
activities
Provision ofgymnastic facilities 1,032,256 3,571 1,035,827
Pae21 connnued. ..

14, COMPARATIVKS FOR THK STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVKS FOR THK STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVKS FOR THK STATEMENT OF FINANCIAL ACTIVITIES -continued
Unrestricted Restricted Total
funds funds funds
f. f, f,
1,066,068 (954) 1,065,114
NKT INCOME/(EXPENDITURE) (181,837) 94,310 (87,527)
RECONCILIATION OF FUNDS
Total funds brought forward (84,394) 105,360 20,966
TOTAL FUNDS CARRIED FORWARD (266,231) 199,670 (66,561)
15. TANGIBLE FIXEDASSETS
Improvements
Long to Plant and
leasehold property
f		 machinery
COST
At 1 September 2022
Additions		 1,631,814 157,722 313,377
17,356
Disposals (28,233)
At 31August 2023 1,631,S14 157,?22 302,500
DEPRECIATION
At
1 September 2022
Charge foryear
Eliminated
on disposal		 1,398,062
81,591		 136,118
5,223		 265,089
20,992
(27,238)
At 31August 2023 1,4'79,653 141,341 258,843
NET BOOK VALUE
At 31August 2023 152,161 16,381 43,657
At 31August 2022 233,752 21,604 48,288
15. TANGIBLE FIXEDASSETS - continued
Computer
eqmpment Totals
f
COST
At 1 September 2022 23,311 28,248 2,154,472
Additions 7,066 1,211 25,633
Disposals {28,233)
At 31August 2023 30,377 29,459 2,151,872
DEPRECIATION
At 1 September 2022 23,311 23,628 1,846,208
Charge foryear
Eliminated
on disposal		 1,413 2,714 111,933
(27,238)
At 31August 2023 24,724 26,342 1,930,903
NET BOOK VALUE
At 31August 2023 5,653 3,117 220,969
At 31August 2022 4,620 308,264
16. STOCKS
2023 2022
f
336 3,713
17. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
f I
Trade debtors 785 795
Other debtors 9,733 663
Prepayments 12,893 535
23,411 1,993

CREDITORS: AMOUNTS FALLING DUK WITHIN ONE YEAR
2023 2022
Other loans (sce note 20)
Trade creditors		 45,950
8,171		 45/50
11,598
Social security and other taxes 10,894 9,579
Other creditors 7,364 7,403
Accrued expenses 32,521 39,570
104,900 114,100
Included
within creditor
is as follows:		 s above is deferred income tota lling f1,400 (2022-f23,176),The movem ent
in the ye
Charitable
activities Total
At 1 September 2022 23,176 23,176
Released &om previous years (23,176) (23,176)
Deferred in the current year 1,400 1,400
At 31August 2023 1,400 1„400

CREDITORS: AMOUNTS FALLING DUE AFTER MORE TH AN ONE YEAR
2023 2022
Other loans (sccnote 20) 111,762 157,629
LOANS
An analysis ofthe maturity ofloans is given below:
2022
Amounts
tailing due within one year on demand:
Other loans		 45„950 45,950
Amounts
faIling duc between
Other loans - 2-5 years		 two «nd tive years: 111,762 157.629

2023 2022
Within one year
Between one and five years		 42,QQQ
42,000		 42,QQQ
84,000
126,000
22. PROVISIONS FORLIABILITIES
2023 2022
Provisions 47,500 47,500
23. ACCRUALS AND DEFERRED INCOME
2023 2022
f. g
Deferred government grants 144,790 227/96
24. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.9.22 in funds funds 31.823
f f
Unrestricted funds
General fund (266,231) (13,443) (279,674)
Designated
fund		 82,806 199,67Q 282,476
(266,231) 69,363 ]99,670 2,802
Restricted funds
Building fund 23772 (23,772)
Leasehold
fimd		 175,898 (175,898)
199,670 (199,670)
TOTAL FUNDS (66,561) 69,363 2,802
Net movement in funds„mciuded in the above are as follows..
Incoming Resources Movement
resources expended in funds
f. g
Unrestricted funds
General fund 1,139,564 (1,153,007) (13,443)
Designated
fund		 82,806 &2,806
1422,370 (1,153,007) 69,363
TOTAL FUNDS 1,222,370 (1,153,007) 69,363
Pae25 continued. ..

Net
movement At
At 1.9.21 in funds 31.8.22
Unrestricted
funds
General fund (84,394) (181,837) (266,231)
Restricted funds
Building fund
Leasehold
fund		 25,625
82,542		 (1,853)
93,356		 23,772
175,898
Equipment
replacement		 (2,859) 2,859
Sport England 52 (52)
105,360 94,310 199,670
TOTAL FUNDS 20,966 (87,527) (66,561)
Comparative
net movement		 in funds, included in the above are as follows;
Incoming Resources Movement
resources expended in funds
E K
Unrestricted
funds
General fund 884,231 (1,066,068) (1&1,837)
Restricted
Sanda
Building
fund
Leasehold
fimd		 93,356 (1,853) (1,853)
93,356
Equipment
replacement
Sport England		 2,S59
(52)		 2,S59
(52)
93,356 94,310
TOTALFUNDS 977,587 (1,065,114) (87,527)

A current year 12months and prior y ear 12months
combined po		 sition is as follow s:
Net Transfers
movement between At
At 1.9.21 in funds funds 31.8.23
earestricted
funds
General fund (84,394) (195,280) (279,674)
Designated
fund		 82,806 199,670 282,476
{84,394) (112,474) 199,670 2,802
Restricted funds
Building fund
Leasehold
fund		 25,625
82,542		 (1,853)
93,356		 {23,772)
{175,898)
Equipment
replacement		 {2,859) 2„859
Sport England 52 (52)
105,360 94,310 (199,670)
TOTAL FUNDS 20,966 (18,164) 2,802
A current year 12months
and prior year 12
as follows:		 months
combined net movement
in		 funds, included
i		 n the above
Incoming Resources Movement
resources cxpcndcd in funds
Unrestricted
funds
General fund 2,023,795 (2,219,075) (195,280)
Designated
fund		 82,806 82,806
2,106,601 (2,219,075) (112,474)
Restricted funds
Building fund
Leasehold fund		 93,356 {1,853) (1,853)
93,356
Equipment
replacement
Sport England		 2,859
(52)		 2,859
(52)
93,356 954 94,310
TOTAL FUNDS 2,199,957 (2,218,121) {18,164)

2022
INCOME AND ENDOWMENTS
Donations
and legacies
Grants 110,806 127,356
Job Retention Scheme 2/49
110,806 129,605
Other trading activities
Sponsorships
Shop income
Cafe income		 11,773
4,191
11,574		 1,719
9,430
2,635
Fundraising
events		 49,598 18,049
Birthday parties
Room and coach hire		 7,140
6,792		 11@23
4,020
Other income 186 966
Holiday club 39,539 33,784
130,793 81,826
Investment
income
Interest receivable
—trading
Charitable
activities
Gymnasnc
fees Bcsubscription		 961/23 742,838
Gymnastic
competitions		 19,147 23@94
980,370 766,132
Total incoming resources 1,222,370
EXPENDITURE
Other trading
activities
Purchases - shop and cafe
Purchases - insurance		 17,633
3,965		 11,894
2/99
Baddebts 14 1,700
Other costs 17,922 4,621
Events costs 401 4,904
Ho1iday club costs
Bank interest		 10,569 274
3,495
50,504 29.287
Charitable
aetlvlties
Wages
Carried forward		 669,255
669,255		 612,400
612,400

2023 2022
E
Charitable
activities
Brought forward
Social security
Pensions		 669,25$ 42,474
11,373		 612,400
42,169
14/14
Rent and service charges
Insurance		 40,073
6,171		 37,785
5/89
Light and hest
Travelling
Competitions
Depreciation oftangible fixed assets		 67,280
8,904
19,306
111,933		 24„713
6,641
21,157
128,785
976,769 893,453
Support costs
Management
Telephone
Postage and stationery
Advertising
Sundries		 5,796
5,145
746
4,352		 5,782
4,924
527
3@86
Repairs and maintenance
Hire ofequipment
TralMlg
Bookkeeping &accountancy
Computer
expenses		 29,004
11,815
13,242
61840
28,458		 49,700
14,415
10,761
6,615
19,677
105,398 115,687
Finance
Bank charges
Loss on sale oftangible fIxed assets		 12,077
995		 24,667
{3,$00)
13,072 21,167
Governance
costs
Auditors'
remuneration		 7,264 5/20
Total resources expended 1,153,007 1,065,114
Net incomel(expenditure) 69,363 (87,527)