**REGISTERED COMPANY NUMBER: 06934613 (England and Wales) REGISTERED CHARITY NUMBER: 1139993**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **FOR**
## **WICKERS GYMNASTICS LTD**
Galloways Accounting Atlas Chambers 33 West Street Brighton East Sussex BN1 2RE
**WICKERS GYMNASTICS LTD**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Cash Flow Statement**||7||
|**Notes to the Cash Flow Statement**||8||
|**Notes to the Financial Statements**|9|to|15|
|**Detailed Statement of Financial Activities**|16|to|17|
**WICKERS GYMNASTICS LTD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023**
The Trustees present their annual report and financial statements for the year ended 30 June 2023. 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**
## **Objectives and aims**
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.
## **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.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
During the year ended 30th June 2023, the club has experienced a steady increase in growth, particularly amongst the daytime preschool activities and birthday party bookings.
New initiatives were introduced to the daytime programme throughout the year including;
- 'Weekend Stay and Play' sessions, offered on a once monthly basis, or as the diary determines,
- Handing out of Wickers balloons every 3 months to all preschool session attendees,
- Loyalty cards offering the 10th session free,
- V coffee machine for use in the 'Stay and Play' sessions, and
- New large soft play equipment to help boost the activities on offer.
Birthday party bookings are now being taken at least 3-4 months in advance due to the popularity.
March 2023 saw the re-introduction of the club championships, which had been on hold since 2019 due to the pandemic and the subsequent restrictions placed on the club. It was hugely successful and well supported with over 250 junior members participating.
Competition success and impressive results continued with one gymnast attending the GB Aspire Camp, 12 gymnasts selected for the Sussex County Artistic Squad and 2 for the South East Regional Squad, and both the General Gymnastics and Womens Artistic Squads continued to have medal success at local, county and regional competitions. At the British Disability Championships in the Juniors, 1 gymnast was placed 1st overall and in the Seniors, 1 gymnast placed 2nd overall, with both winning individual apparatus medals At the Disability Masters, 1 gymnast placed 2nd on Vault and 2nd on bars.
After review of the club butterflies and junior programme, a new club award scheme was created by staff members and introduced with much positive feedback from members.
3 trainee staff members passed their Level 1 coaching exam; 1 staff member completed their Level 2 qualification and a new staff member to help with the website and marketing was appointed.
## **FINANCIAL REVIEW Financial position**
Income for the year end totalled £513,406 (2022: £418,367) and expenditure totalled £460,737 (2022: £433,553).
The charity made an overall surplus of £52,669 (2022: deficit £15,186) for the year. This is an improvement on the previous year as the club was able to reopen for most of the year.
Page 1
**WICKERS GYMNASTICS LTD**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023**
## **FINANCIAL REVIEW**
## **Reserves policy**
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 £230,000. 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 £163,154 which equates to over 4 months, therefore are in line with the current 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.
## **FUTURE PLANS**
As the club has had significant growth over the last year, the plan for the next financial year is to focus and review current practice in order to retain membership and ensure continued and steady progress.
In order achieve this, we plan to:
- Review the Junior and Butterflies programme on offer,
- Review the Leadership Academy Programme and appoint a new captain,
- Continue to promote the coach education programme and enrol 2 staff on their L1 coaching course and 2 staff on their L2 coaching course,
- Introduce skill specific or apparatus specific workshops for members and non members of school age, and - Recruit an events team from club staff to plan and undertake some events at the club now that all restrictions have been lifted and therefore enable us to reintroduce previous activities
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The organisation is a charitable company limited by guarantee, incorporated on 15 June 2009 and registered as a charity on 24 January 2011. The company was established under a Memorandum of Association which established the objects and powers of the company, and is governed under its Articles of Association.
## **Recruitment, appointment and training of new trustees**
The directors of the company are also charity trustees under charity law. Under the requirements of the Articles of Association, one third of the directors are required to retire annually by rotation. Further directors may be appointed by the existing board. Upon appointment, new trustees follow a policy of induction which involves awareness of a trustee's responsibilities, the charity's governing document, its administrative procedures, and the history and philosophical approach of the charity. They also receive copies of the previous year's annual report and accounts and a copy of any guidance from the Charity Commission. Further training may be provided, if required.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute an amount not exceeding £10 in the event of a winding up.
The trustees' report has been approved by the board of trustees.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
06934613 (England and Wales)
## **Registered Charity number**
1139993
## **Registered office**
Atlas Chambers 33 West Street Brighton East Sussex BN1 2RE
Page 2
**WICKERS GYMNASTICS LTD**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023**
## **Trustees**
J E Crouch A D Crouch G Hodgson E V Roberts K L Sawyer J Sharp M S Wren M Farrell (appointed 5.10.22)
## **Company Secretary**
K L Hodgson
## **Independent Examiner**
Galloways Accounting Atlas Chambers 33 West Street Brighton East Sussex BN1 2RE
Approved by order of the board of trustees on 22 March 2024 and signed on its behalf by:
G Hodgson - Trustee
Page 3
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WICKERS GYMNASTICS LTD**
## **Independent examiner's report to the trustees of Wickers Gymnastics Ltd ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2023.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
C S Young BA FCA
Galloways Accounting Atlas Chambers 33 West Street Brighton East Sussex BN1 2RE
25 March 2024
Page 4
## **WICKERS GYMNASTICS LTD**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2023**
**----- Start of picture text -----**
2023 2022
Unrestricted Restricted Total Total
funds fund funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 - - - 9,380
Charitable activities 4
Gymnastics coaching 509,319 - 509,319 408,964
Other trading activities 3 2,760 - 2,760 -
Other income 1,327 - 1,327 23
Total 513,406 - 513,406 418,367
EXPENDITURE ON
Raising funds 5 4,959 - 4,959 -
Charitable activities 6
Gymnastics coaching 455,778 - 455,778 433,553
Total 460,737 - 460,737 433,553
-
NET INCOME/(EXPENDITURE) 52,669 52,669 (15,186)
RECONCILIATION OF FUNDS
Total funds brought forward 211,492 - 211,492 226,678
TOTAL FUNDS CARRIED FORWARD 264,161 - 264,161 211,492
**----- End of picture text -----**
The notes form part of these financial statements
Page 5
## **WICKERS GYMNASTICS LTD**
## **BALANCE SHEET 30 JUNE 2023**
**----- Start of picture text -----**
2023 2022
Unrestricted Restricted Total Total
funds fund funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 12 48,338 - 48,338 41,644
CURRENT ASSETS
Debtors 13 282 - 282 3,863
Cash at bank and in hand 256,408 - 256,408 216,239
256,690 - 256,690 220,102
CREDITORS
Amounts falling due within one year 14 (14,268) - (14,268) (13,819)
NET CURRENT ASSETS 242,422 - 242,422 206,283
TOTAL ASSETS LESS CURRENT LIABILITIES 290,760 - 290,760 247,927
CREDITORS
Amounts falling due after more than one year 15 (26,599) - (26,599) (36,435)
NET ASSETS 264,161 - 264,161 211,492
FUNDS 18
Unrestricted funds 264,161 211,492
TOTAL FUNDS 264,161 211,492
**----- End of picture text -----**
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that 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 charitable 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 charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 22 March 2024 and were signed on its behalf by:
G Hodgson - Trustee
The notes form part of these financial statements
Page 6
## **WICKERS GYMNASTICS LTD**
## **CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2023**
**----- Start of picture text -----**
2023 2022
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 72,390 (4,789)
Net cash provided by/(used in) operating activities 72,390 (4,789)
Cash flows from investing activities
Purchase of tangible fixed assets (23,616) (1,032)
-
Sale of tangible fixed assets 1,001
Net cash used in investing activities (22,615) (1,032)
Cash flows from financing activities
Loan repayments in year (9,606) (3,936)
Net cash used in financing activities (9,606) (3,936)
Change in cash and cash equivalents in
the reporting period 40,169 (9,757)
Cash and cash equivalents at the
beginning of the reporting period 216,239 225,996
Cash and cash equivalents at the end of
the reporting period 256,408 216,239
**----- End of picture text -----**
The notes form part of these financial statements
Page 7
**WICKERS GYMNASTICS LTD**
## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 30 JUNE 2023**
## **1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|**ACTIVITIES**|||
|---|---|---|
|**Net income/(expenditure) for the reporting period (as per the**
**Statement of Financial Activities)**
**Adjustments for:**
Depreciation charges
Loss on disposal of fixed assets
Decrease/(increase) in debtors
Increase in creditors||**2023**
2022
**£**
£
**52,669**
(15,186)
**10,056**
13,881
**5,865**
-
**3,581**
(3,863)
**219**
379|
|**Net cash provided by/(used in) operations**||**72,390**
(4,789)|
|**2.**
**ANALYSIS OF CHANGES IN NET FUNDS**
**Net cash**
Cash at bank and in hand|At 1.7.22
£
**216,239**|Cash flow
**At 30.6.23**
£
**£**
**40,169**
**256,408**|
||**216,239**|**40,169**
**256,408**|
|**Debt**
Debts falling due within 1 year
Debts falling due after 1 year|**(9,629)**
**(36,435)**|**(230)**
**(9,859)**
**9,836**
**(26,599)**|
||**(46,064)**|**9,606**
**(36,458)**|
|**Total**|**170,175**|**49,775**
**219,950**|
The notes form part of these financial statements
Page 8
**WICKERS GYMNASTICS LTD**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Wickers Gymnastics Limited is a limited-by-guarantee company incorporated in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.The address of the registered office is given in the Trustees' Report of these financial statements.
The financial statements are presented in sterling (£).
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Gymnastic fees and sponsorships:**
Fees income is raised in advance of sessions and is 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.
## **Government grants:**
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.
## **Donations and gift aid:**
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.
## **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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
All expenditure is accounted for on an accruals basis and includes irrecoverable VAT.
## **Allocation and apportionment of costs:**
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 financial statements, 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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings & equipment
## **25% Reducing balance**
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
Page 9
continued...
**WICKERS GYMNASTICS LTD**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023**
## **1. ACCOUNTING POLICIES - continued**
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. DONATIONS AND LEGACIES**
|Grants
**3.**
**OTHER TRADING ACTIVITIES**
Fundraising events
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Activity
Fees and sponsorships
Gymnastics coaching
Hire of facilities
Gymnastics coaching
**5.**
**RAISING FUNDS**
**Raising donations and legacies**
Events and fundraising|**2023**
**£**
**-**
**2023**
**£**
**2,760**
**2023**
**£**
**508,959**
**360**
**509,319**
**2023**
**£**
**4,959**|2022
£
9,380
2022
£
-
2022
£
408,100
864
408,964
2022
£
-|
|---|---|---|
Page 10
continued...
**WICKERS GYMNASTICS LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023**
## **6. CHARITABLE ACTIVITIES COSTS**
|Support
Direct
costs (see
Costs
note 7)
£
£
Gymnastics coaching
**426,396**
**29,382**
**7.**
**SUPPORT COSTS**
Governance
Management
costs
£
£
Gymnastics coaching
**25,230**
**4,152**
**8.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
**2023**
**£**
Depreciation - owned assets
**10,056**
Other operating leases
**102,841**
Deficit on disposal of fixed assets
**5,865**
Independent examiner's remuneration - independent examination
**1,800**
Independent examiner's remuneration - other services
**2,352**|Totals
£
**455,778**
Totals
£
**29,382**
2022
£
13,881
102,003
-
-
-|
|---|---|
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.
## **10. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Coaches and support staff|**2023**
**£**
**237,189**
**10,922**
**4,466**
**252,577**
**2023**
**21**|2022
£
238,237
11,001
4,731
253,969
2022
23|
|---|---|---|
No employees received emoluments in excess of £60,000.
Page 11
continued...
**WICKERS GYMNASTICS LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023**
**----- Start of picture text -----**
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds fund funds
£ £ £
INCOME AND ENDOWMENTS FROM
-
Donations and legacies 9,380 9,380
Charitable activities
-
Gymnastics coaching 408,964 408,964
Other income 23 - 23
Total 418,367 - 418,367
EXPENDITURE ON
Charitable activities
-
Gymnastics coaching 433,553 433,553
-
NET INCOME/(EXPENDITURE) (15,186) (15,186)
RECONCILIATION OF FUNDS
-
Total funds brought forward 226,678 226,678
TOTAL FUNDS CARRIED FORWARD 211,492 - 211,492
12. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equipment
£
COST
At 1 July 2022 216,021
Additions 23,616
Disposals (72,400)
At 30 June 2023 167,237
DEPRECIATION
At 1 July 2022 174,377
Charge for year 10,056
Eliminated on disposal (65,534)
At 30 June 2023 118,899
NET BOOK VALUE
At 30 June 2023 48,338
At 30 June 2022 41,644
**----- End of picture text -----**
Page 12
continued...
**WICKERS GYMNASTICS LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023**
**----- Start of picture text -----**
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 282 -
Prepayments and accrued income - 3,863
282 3,863
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts (see note 16) 9,859 9,629
Other creditors 810 1,016
Accruals and deferred income 3,599 3,174
14,268 13,819
15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans (see note 16) 26,599 36,435
16. LOANS
An analysis of the maturity of loans is given below:
2023 2022
£ £
Amounts falling due within one year on demand:
Bank loans within one year 9,859 9,629
Amounts falling between one and two years:
Bank loans after one year 26,599 36,435
17. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£ £
Within one year 75,920 55,000
-
Between one and five years 455,520
-
In more than five years 9,490
540,930 55,000
**----- End of picture text -----**
Page 13
continued...
**WICKERS GYMNASTICS LTD**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023**
## **18. MOVEMENT IN FUNDS**
|Net
movement
At 1.7.22
in funds
£
£
**Unrestricted funds**
General fund
**169,849**
**52,669**
Designated funds
**41,643**
**-**
**211,492**
**52,669**
**TOTAL FUNDS**
**211,492**
**52,669**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**513,406**
**TOTAL FUNDS**
**513,406**
**Comparatives for movement in funds**
Net
movement
At 1.7.21
in funds
£
£
**Unrestricted funds**
General fund
172,185
(15,186)
Designated funds
54,493
-
226,678
(15,186)
**TOTAL FUNDS**
226,678
(15,186)
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
418,367
**TOTAL FUNDS**
418,367|Transfers
between
At
funds
30.6.23
£
£
**(6,696)**
**215,822**
**6,696**
**48,339**
**-**
**264,161**
**-**
**264,161**
Resources
Movement
expended
in funds
£
£
**(460,737)**
**52,669**
**(460,737)**
**52,669**
Transfers
between
At
funds
30.6.22
£
£
12,849
169,848
(12,849)
41,644
-
211,492
-
211,492
Resources
Movement
expended
in funds
£
£
(433,553)
(15,186)
(433,553)
(15,186)|
|---|---|
Page 14
continued...
**WICKERS GYMNASTICS LTD**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023**
## **18. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Designated funds
**TOTAL FUNDS**|At 1.7.21
£
172,185
54,493
226,678
226,678|Net
movement
in funds
£
37,483
-
37,483
37,483|Transfers
between
funds
£
6,153
(6,153)
-
-|At
30.6.23
£
215,821
48,340
264,161
264,161|
|---|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
931,773
931,773|Resources
Movement
expended
in funds
£
£
(894,290)
37,483
(894,290)
37,483|
|---|---|---|
The designated 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.
## **19. CONTINGENT LIABILITIES**
In line with the current terms of the lease, at the end of the lease term the units must be restored to their original condition The estimated cost of this work has not currently been measured, however trustees are currently in the process of obtaining estimated quotes for this.
## **20. RELATED PARTY DISCLOSURES**
## **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 £72,882 (2022: £65,346), reimbursed expenses were also made to these parties totalling £3,269 (2022: 1,063) One of these employees was the CEO and Key Management Personnel.
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**WICKERS GYMNASTICS LTD**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023**
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2023 2022
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Grants - 9,380
Other trading activities
-
Fundraising events 2,760
Charitable activities
Fees and sponsorships 508,959 408,100
Hire of facilities 360 864
509,319 408,964
Other income
Other interest income 1,327 23
Total incoming resources 513,406 418,367
EXPENDITURE
Raising donations and legacies
-
Events and fundraising 4,959
Charitable activities
Wages 237,189 238,237
Social security 10,922 11,001
Pensions 4,466 4,731
Rent and rates 102,841 102,003
Insurance 1,615 1,368
Light and heat 8,571 4,693
Advertising 3,769 1,734
BG membership 2,982 6,271
Coach education 1,683 1,299
Competition expenses 11,522 4,545
Clothing, badges and certificates 8,032 8,595
Staff training - 3,403
Travelling 7,788 3,404
Cleaning 11,505 2,858
Repairs and maintenance 7,698 12,498
Entertainment 330 -
Hire of equipment 933 -
-
Minor gym equipment 4,550
426,396 406,640
Support costs
Management
Printing, postage and stationery 1,378 1,577
Telephone and internet 758 608
Subscriptions 359 535
Bank loan interest 1,043 500
Legal and professional 5,210 4,614
Carried forward 8,748 7,834
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This page does not form part of the statutory financial statements
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**WICKERS GYMNASTICS LTD**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023**
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2023 2022
£ £
Management
Brought forward 8,748 7,834
Bank charges 60 113
Sundry expenses 501 1,551
Fixtures, fittings & equipment depreciation 10,056 13,881
-
Loss on sale of tangible fixed assets 5,865
25,230 23,379
Governance costs
Accountancy fees 2,352 2,124
Independent examination 1,800 1,410
4,152 3,534
Total resources expended 460,737 433,553
Net income/(expenditure) 52,669 (15,186)
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This page does not form part of the statutory financial statements
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