**Charity registration number 1139993**
**Company registration number 06934613 (England and Wales)**
## **WICKERS GYMNASTICS LIMITED**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022**
## **WICKERS GYMNASTICS LIMITED**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Ms J Sharp Mr M S Wren Mr A Crouch Mrs J Crouch Mr G Hodgson Miss E Roberts Miss K Sawyer **Secretary and CEO** Miss K L Hodgson-Kerr **Charity number** 1139993 **Company number** 06934613 **Principal address** Unit 10 Chartwell Business Centre 42 Chartwell Road Lancing Business Park Lancing West Sussex BN43 5ZN **Registered office** 18 Hyde Gardens Eastbourne East Sussex BN21 4PT **Independent examiner** Alastair Towler BFP ACA DChA 18 Hyde Gardens Eastbourne East Sussex BN21 4PT
## **WICKERS GYMNASTICS LIMITED**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 2|
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5 - 6|
|Notes to the financial statements|7 - 15|
## **WICKERS GYMNASTICS LIMITED**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
The Trustees present their annual report and financial statements for the year ended 30 June 2022.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)
## **Objectives and activities**
Our charity's purposes as set out in the objects contained in the Memorandum of Association, are the promotion of the participation of children and young people in healthy recreation, in particular by the provision of facilities for gymnastics.
## **How our activities deliver public benefit**
The community benefits from our activities through the promotion of community participation in activities which enhance physical health and fitness, and build confidence and self esteem in children and young people.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
In the year end to July 2022, Wickers doors have remained open, without further COVID disruption, but the recovery of the Club and its activities has been slower than anticipated.
Coaching Courses were reinstated and so within the year the club was able to take on 5 new members of staff, which enabled the Club to replace staff members who were leaving for University and also grow some membership numbers in some sessions.
A long process but throughout the year session numbers have grown, particularly within the new daytime preschool programme that has been on offer and the waiting list has begun to grow again.
Unfortunately in May 2022 due to exceptionally heavy rain the Club was flooded and had to close its doors for 2 days to enable the equipment to dry out and be cleaned.
With events opening up again the Club had a successful year at competitive level; grew its Leadership Academy, some of whom became qualified judges in October 2021; the Clubs holiday programme was up and running again and very popular and once again gymnasts from the Club were selected for the County and Regional Women's Artistic Squads and one member of the Club was selected for the Great Britain Aspire Squad 2022.
## **Financial review**
The charity made an overall deficit of £15,186 (2021: £24,700) for the year. This is an improvement on the previous year as the Club was able to reopen for most of the year.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. This equates to a maximum figure of £177,000. The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. Current free reserves stand at £169,848 which equates to nearly 5 months, so reserves are in line with the reserves policy.
The Trustees have assessed the major risks to which the company is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
- 1 -
WICKERS GYMNASTICS LIMrrED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORD (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2022
Plan8 for luture perfods
At date ofthis rerM)rt. exists conshder8b Utainty rwJarding thè w)tenb"al impact of the co)n3rUS arKI
the economK (xjnsequertes may regjlt Ir(¥n govemment to o)nkin the srwj. dura1Th7 and
ge(xJraphl extent of any (lt4& kxkTr or ftthJr8 gOve1t OK4es are still unknown. Whlst we a unable
to vthat the ecOMrn corwuwtes may be ar*J the Irn on Ihe thanty's luture abilty to o)nb"nue Irddir4J.
For instance. ahead. the chaiity will c*ntirwe to kxxJ5 C rebJiklirwJ a stroryr 1. èrsuriThJ that staff can
arr any requi traini as SL as they are aiAe. and to ensure that Iho sid8 Of Club is aNe to
a(xess any ¢xxnpetthe ty)rM)rtunths as SLY)n as they are offer&Y. The Club airns lo r*xuit at laast 1 additional
)8¢h and promote its Leadership Aeademy to ywryer menkner5 ¢an th8n be fimerad into the trainee schemè
to I)rne qualthed staff rnemters when Ihè wir5es restrrt and thèy are ÈnwJh. Thg aim is to have at least 20
The organtsatrjn is a Charita ¢c¥npany limrtad by guar8ntse. 15 and fWJiStsreJ as a
chwity on 24 January 2011. Thè C{panY Wd5 establi5W uThJw a er11m ofA%coakn es1ab1hed
The Trtthes. 7hho arè alg) th9 ¢*"rn(*crf5 purFW crfC(•np law, s*rved durlng Ihg year ¥¥eTr:
M5 J Sharp
MrMSWrgn
MIA CrThK*
MrsJCw
Mr G Ho(hJ
MrJ Kent
Miss E Rotwls
Miss K S8
(Rg5igwJ 15 ju 20221
ASsoation, one third of the dirwts5 we wuirgj lo relKe anrwaty by rotalion. Furlher diwtors may te apKx)wrted
by the existiro board. up¢ tsu*e89 fc4kx a [x)rY of IThju(* whKh inth awaron8$5 of a
tnJ$tee's r8sponsitM'litBs. lh8 tharivs w¥emw*J rts *JnNnslratibB prct•Jures. and th8 history and
phiknsophul 8pproxh of Ihe charty. TW a&0 1? c£yies of th8 wevw annual report and actojnts
Nong of the Tnthes has any be1 intefest in the rxjrryry. AJI rf the Tw5* rwnbws of the o)mp3ry
and guarantee to Contrit an anh)Jnt exthr £10 in ts evèrt of a *irnlirwJ .
MrGH
27 January 223
WICKERS GYMNASTICS LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF WICKERS GYMNASTICS LIMITED
I report to the Trustees on my examinab.on of the financial slalemenls of Wckers Gymnastits Limrted {Ihe chartyl
for the year ended 30 June 2022.
Responsibiliti95 and basis of report
As the Trustees ol the charity land a150 rt5 direciors lor the purposes of MpanY lawl y¢w ale responsible fof the
preparation of the financial statements in accordance wrth the requirernents of Ihe Companies Acl 2006 (the 2006
Acll.
Having satisfied myseff that the financjal statements of the tharty are nol required to be audited under Part 16 of
the 2006 Act an(J are eligiblè independent examinatK&n. I report in respect of rny examination of the charity's
finanaal statements earned out under section 145 01 the Chants"es Acl 2011 Ithe 2011 Act). In carrying out my
examination I have followed all the applicab th"reuions given by the Charity Commission Urer section 14515llbl
of the 2011 Act.
Indépèndènt èx¥minerfs stat•m•nt
Since the charity's gross ineome exceeded £250.W your examiner must be a member of a body listed in sectit
145 of th? 2011 Act. I confirm that l am qualtfied to undertake the examinab.on because l am a member ol the
Institute of Chartered Accountants in England and Wabes, which 1$ one of the listed t)ds.
I have completed rny examination. I confim that no matters have comè lo my attention in ¢J)nnects'on with the
examination giving me cause to believe that in any Materi respect..
ac£ounting records were not kepl in respect ofthe tharity as required by sec*on 386 ofthè 2rffi Ad.. or
the financial statements do rt accord wrth thts5e records., or
the finanual statèments do not mplY wtth the actounling wuirements of sei#ion 3 of the 2006 Act other
than any iequirement that the accounts gNe a true and fair view whiGh is nol a matter considered as part of an
independent examinats'on." or
the financial statements have not been prepared li acc¢rfarKe with the methods and prinuples of the
Stalernent ol Recommended Practice for accounting and reporbng by charrties applicable to charits'es
preparing their accounts In ac¢ordance wrth the Finanual Repts"ng Standard applicable in the UK and
Republic of IrelaThJ IFRS 1021.
I have no concems and have come acTOSS ro other matters in cOnneCtn with the examination to which attantion
should be drawn in this report in order to enable a proper understanding of the financial statements io be reached.
AlaÈtslr Towlor BFP ACA Dctr
Chart•red A¢countant
18 Hyde Gardens
Eastboume
East Sussèx
BN214PT
Dated.. 17 March 2023
## **WICKERS GYMNASTICS LIMITED**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 30 JUNE 2022**_
|**Unrestricted Unrestricted**
**funds**
**funds**
**general**
**designated**
**2022**
**2022**
**Notes**
**£**
**£**
**Income from:**
Voluntary income
**3**
9,380
-
Charitable activities
**4**
408,964
-
Investments
**5**
23
-
**Total income**
418,367
-
**Expenditure on:**
Gymnastics coaching
**6**
433,553
-
**Net outgoing resources**
**before transfers**
(15,186)
-
Gross transfers between
funds
12,849
(12,849)
**Net expenditure for the year/**
**Net movement in funds**
(2,337)
(12,849)
Fund balances at 1 July 2021
172,185
54,493
**Fund balances at 30 June**
**2022**
169,848
41,644|**Total Unrestricted Unrestricted**
**funds**
**funds**
**general**
**designated**
**2022**
**2021**
**2021**
**£**
**£**
**£**
9,380
118,206
-
408,964
211,364
-
23
13
-
418,367
329,583
-
433,553
354,283
-
(15,186)
(24,700)
-
-
18,164
(18,164)
(15,186)
(6,536)
(18,164)
226,678
178,721
72,657
211,492
172,185
54,493|**Total**
**2021**
**£**
118,206
211,364
13
329,583
354,283
(24,700)
-
(24,700)
251,378
226,678|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 4 -
## **WICKERS GYMNASTICS LIMITED**
## **BALANCE SHEET**
## _**AS AT 30 JUNE 2022**_
|**Notes**
**Fixed assets**
Tangible assets
**10**
**Current assets**
Debtors
**11**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**13**
Net current assets
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**14**
**Net assets**
**Income funds**
Unrestricted funds
Designated funds
**16**
General unrestricted funds|**2022**
**£**
3,863
216,239
220,102
(13,819)
41,644
169,848|**£**
41,644
206,283
247,927
(36,435)
211,492
211,492
211,492|**2021**
**£**
-
225,996
225,996
(7,978)
54,493
172,185|**£**
54,493
218,018
272,511
(45,833)
226,678
226,678
226,678|
|---|---|---|---|---|
- 5 -
VVICKERS GYMNASTICS LIMITED
BALANCE SHEET {CONTINUED>
AS AT 30 JUNE 2022
2(. fr)r Ihe year aTrJgd 30 ju 2tr22.
The ft*mbers have Th)t wr0d the CrM¥yry to an alit rfiLs la1 SlateMts tr the year in quastitin Trn
accordan wth seLtKffi 476.
to thè small cLJmpan*s regi.
The finarla1 staternts *efe aFvowJ by ts TnJste8S (m 27 JUary 2ff23
## **WICKERS GYMNASTICS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **1 Accounting policies**
## **Charity information**
Wickers Gymnastics Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 18 Hyde Gardens, Eastbourne, East Sussex, BN21 4PT.
## **1.1 Accounting convention**
The accounts have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
- 7 -
## **WICKERS GYMNASTICS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **1 Accounting policies**
**(Continued)**
Fees are raised in advance of sessions and are recognised upon the raising of the invoice. Sponsorship is recognised once the charity has been notified of the income, unless performance conditions require deferral of the amount.
Interest of funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **1.5 Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis and includes irrecoverable VAT.
Support costs comprise administrative costs in support of the charity's charitable activities as well as the costs of governance. Governance costs include the preparation and independent examination of the statutory accounts, the cost of trustees' meetings and any legal advice to trustees on governance or constitutional matters. Support and governance costs have been allocated wholly against the charity's main activity of gymnastics coaching.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment 25% Reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
- 8 -
## **WICKERS GYMNASTICS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any material unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.11 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 9 -
## **WICKERS GYMNASTICS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **3 Voluntary income**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**general**|general|
||**2022**|2021|
||**£**|£|
|Grants receivable|9,380|118,206|
|**Grants receivable for core activities**|||
|HMRC CJRS grants|1,386|83,349|
|Adur Council (Covid 19 grants)|5,000|32,857|
|BAGA grants|1,006|2,000|
|Other|1,988|-|
||9,380|118,206|
## **4 Charitable activities**
||**Fees and**|Fees and|
|---|---|---|
||**sponsorship**|sponsorship|
||**2022**|2021|
||**£**|£|
|Membership fees and sponsorship|408,100|209,606|
|Hire of facilities|864|1,758|
||408,964|211,364|
|**Investments**|||
||**Unrestricted**|Unrestricted|
||**funds**|funds|
||**general**|general|
||**2022**|2021|
||**£**|£|
|Interest receivable|23|13|
## **5 Investments**
- 10 -
## **WICKERS GYMNASTICS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **6 Gymnastics coaching**
||**Gymnastics**|
**Gymnastics**|
|---|---|---|
||**coaching**|**coaching**|
||**2022**|**2021**|
||**£**|**£**|
|Staff costs|253,969|211,285|
|Depreciation and impairment|13,881|18,164|
|BG Membership|6,271|1,673|
|Coach education|1,299|1,789|
|Competition fees|4,545|90|
|Clothing, badges and certificates|8,595|5,391|
|Staff training|3,403|76|
|Advertising|1,734|500|
|Travelling and entertaining|3,404|38|
|Other event expenses|-|520|
|Rent and rates|102,003|93,300|
|Cleaning|2,858|3,366|
|Insurance|1,368|2,346|
|Light and heat|4,693|3,936|
|Repairs|12,498|4,333|
||420,521|346,807|
|Share of support costs (see note 7)|9,498|4,452|
|Share of governance costs (see note 7)|3,534|3,024|
||433,553|354,283|
- 11 -
## **WICKERS GYMNASTICS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **7 Support costs**
|Printing, postage and
stationery
Telephone and internet
Subscriptions
Bank loan interest
Legal and professional
Bank charges
Sundry expenses
Independent examination
Accountancy
Analysed between
Charitable activities|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
1,577
-
608
-
535
-
500
-
4,614
-
113
-
1,551
-
-
1,410
-
2,124
9,498
3,534
9,498
3,534|**2022**Support costs Governance
costs
**£**
£
£
1,577
1,519
-
608
683
-
535
-
-
500
-
-
4,614
1,850
-
113
-
-
1,551
400
-
1,410
-
1,340
2,124
-
1,684
13,032
4,452
3,024
13,032
4,452
3,024|2021
£
1,519
683
-
-
1,850
-
400
1,340
1,684|
|---|---|---|---|
||||7,476|
||||7,476|
Governance costs includes payments to the independent examiners of £1,410 (2021: £1,340) for examination fees and £2,124 (2021: £1,684) for other services.
## **8 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration from the charity during the year other than some of the Trustees' children being employed by the charity and paid at market rate. There were incidental travel costs of £Nil (2021: £Nil) reimbursed to trustees for carrying out the charity's charitable activities.
## **9 Employees**
The average monthly number of employees during the year was:
|Coaches and support staff
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2022**
**Number**
23
**2022**
**£**
238,237
11,001
4,731
253,969|**2021**
**Number**
19|
|---|---|---|
|||**2021**
**£**
199,564
7,382
4,339|
|||211,285|
- 12 -
## **WICKERS GYMNASTICS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **9 Employees**
## **(Continued)**
Amounts paid to Key Management Personnel during the year were £37,600 (2021 - £36,000).
There were no employees whose annual remuneration was more than £60,000.
## **10 Tangible fixed assets**
|**10**|**Tangible fixed assets**|||
|---|---|---|---|
|||**Fixtures, fittings & equipment**||
||||**£**|
||**Cost**|||
||At 1 July 2021||214,988|
||Additions||1,032|
||At 30 June 2022||216,020|
||**Depreciation and impairment**|||
||At 1 July 2021||160,495|
||Depreciation charged in the year||13,881|
||At 30 June 2022||174,376|
||**Carrying amount**|||
||At 30 June 2022||41,644|
||At 30 June 2021||54,493|
|**11**|**Debtors**|||
|||**2022**|**2021**|
||**Amounts falling due within one year:**|**£**|**£**|
||Prepayments and accrued income|3,863|-|
|**12**|**Loans and overdrafts**|||
|||**2022**|**2021**|
|||**£**|**£**|
||Bank loans|46,064|50,000|
||Payable within one year|9,629|4,167|
||Payable after one year|36,435|45,833|
- 13 -
## **WICKERS GYMNASTICS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **13 Creditors: amounts falling due within one year**
|**Notes**
Bank loans
**12**
Other creditors
Accruals and deferred income
**14**
**Creditors: amounts falling due after more than one year**
**Notes**
Bank loans
**12**|**2022**
**£**
9,629
1,016
3,174
13,819
**2022**
**£**
36,435|**2021**
**£**
4,167
848
2,963|
|---|---|---|
|||7,978|
|||**2021**
**£**
45,833|
## **15 Retirement benefit schemes**
## **Defined contribution schemes**
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The charge to profit or loss in respect of defined contribution schemes was £4,339 (2021: £3,547).
## **16 Designated funds**
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
||**Balance at**|**Transfers**|**Balance at**|**Transfers**|**Balance at**|
|---|---|---|---|---|---|
||**1 July 2020**|**1 July 2021**|||**30 June**|
||**£**|**£**|**£**|**£**|**2022**
**£**|
|Capital fund|72,657|(18,164)|54,493|(12,849)|41,644|
||72,657|(18,164)|54,493|(12,849)|41,644|
The capital fund represents fixed assets which are used in the course of carrying out the charity's objects and, as such, they are not readily realisable. The transfer in the year represents the movements in the carried forward balance of fixed assets, taking into account additions, disposals and depreciation.
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## **WICKERS GYMNASTICS LIMITED**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 JUNE 2022**_
## **17 Analysis of net assets between funds**
|**Unrestricted**
**funds**
**Designated**
**funds**
**2022**
**2022**
**£**
**£**
Fund balances at 30
June 2022 are
represented by:
Tangible assets
-
41,644
Current assets/(liabilities)
206,283
-
Long term liabilities
(36,435)
-
169,848
41,644|**Total**
Unrestricted
funds
Designated
funds
**2022**
2021
2021
**£**
£
£
41,644
-
54,493
206,283
218,018
-
(36,435)
(45,833)
-
211,492
172,185
54,493|Total
2021
£
54,493
218,018
(45,833)
226,678|
|---|---|---|
## **18 Related party transactions**
## **Transactions with related parties**
During the year the charity entered into the following transactions with related parties:
The adult children of four of the Trustees' were employed by the charity during the year. They were paid at the market rate and their gross wages totalled £65,346 (2021: £55,034). One of these employees was the CEO and Key Management Personnel.
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