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2023-08-31-accounts

Page
Charity information 1
Trustees'
Annual
Report		 1
Statement ofdirectors' responsibilities 12
Independent
Examiner's		 Report 14
Funds Statements:-
Statement of Financial Activities 16
Movements
in funds		 17
Revenue
Funds		 17
Fixed Asset funds 18
Income and Expenditure account 19
Summary
offunds		 18
Balance sheet 20
Cash flow statement 21
Notes to the accounts 22

The charity's
financial positio		 n at the end oft he year ended 31August 2023
The financial
position ofthe charity		 at 31 August 2023 and comparatives for the prior period, as
more fully detailed
in the accounts,		 can be summarised as follows:-
2023 2022
F
Net (expenditure)/Income 62,720 53,830
Unrestricted
Revenue
Funds available
general purposes
ofthe charity		 for the 400,156 381,717
Designated
Fixed Asset Funds		 383,903 339,622
Total Unrestricted
Funds		 784,059 721,339
Restricted Revenue
Funds
Total Funds 784,059 721,339

Current year year Current year Current year Prior Year Prior Year
Ref Unrestricted Funds Restricted Funds Total Funds Total Funds
2023 2023 2023 2022
E E.
Income &Endowments
from:
Grants, donations
and legacies		 A1 2,558 2,558 3,374
Charitable
activities		 A2 894,357 894,357 796,188
Other trading
activities		 A3 38,984 38,984 22,096
Investments A4 5,681 5,681 1,284
Fundraising A5 1,635 1,635
Total income 943,215 943,215 822,942
Expenditure
on:
Raising funds B1 750 750
Charitable
activities		 B2 879,645 879,645 769,112
Total expenditure 880,395 880,395 769,112
Net expenditure
for the year		 62,820 62,820 53,830
Transfers
between funds		 c
Net income after transfers A-B-C 62,820 62,820 53,830
Other
recognised
gains/(losses)
Unrealised
Gains and Losses on
Other Unlisted
Investments		 (100) (100)
Net movement
in funds		 62,720 62,720 53,830
Reconciliation
offunds:-
Total funds brought
forward		 721,339 721,339 667,509
Total funds carried forward 784,059 784,059 721,339

2023 2022
f.
(Deficit)/Surplus
for the year:
Net excess of (expenditure)
over income before		 tax 62,820 53,830
Realised loss on disposal offixed assets
Unrealised
Gains and Losses on Other Unlisted		 Investments (100)
Income from operations
before taxin the Statement ofFinancial Activities		 62,720 53,830
Taxation arising
in the year
Funds generated
in the year in statement		 ofFinancial Activities 62,720 53,830
Pinewood
Gymnastics
Club Limited		 - Resources applied in the year ended 31August 2023
towards
fixed assets for Charity use:-
2023 2022
Funds generated
in the year as detailed
in the SOFA		 62,720 53,830
Resources applied
on functional
fixed assets		 (170,836) (68,131)
Net resources available to fund charitable activities
Unrestricted Restricted Total Last year
Funds Funds Funds Total Funds
2023 2023 2023 2022
f f t: E
Accumulated funds brought forward 381,717 381,717 331,667
Transfer (to)/from designated funds (44,281) (44,281) (3,780)
Recognised gains and losses 62,720 62,720 53,830
Closing revenue funds 400,156 400,156 381,717
The notes attached on pages 22 to 40form an integral part ofthese accounts.
Designated Fixed Asset funds Fixed Asset funds Fixed Asset funds Total Last year
Funds Total Funds
2023 2022
8
At 1 September 339,622 335,842
Transfer
(to)/from		 revenue accumulated funds 44,281 3,780
At 31August 383,903 339,622
Summary of funds of funds Unrestricted Restricted Total Last Year
and Funds Funds Total Funds
Designated
funds
2023 2023 2023 2022
F 8
Revenue accumulated funds 400,156 400,156 381,717
Revenue designated funds 383,903 383,903 339,622
Total funds 784,059 784,059 721,339

Companies
Act 2006
2023f 2022
Income
Income from operations 937,534 821,658
Gift aid donations
received from		 subsidiary undertaking
Investment
income
Interest receivable 5,681 1,284
Gross income in the year before exceptional items 943,215 822,942
Gross income in the year including exceptional items 943,215 822,942
Expenditure
Charitable
expenditure,
excluding		 depreciation and amortisation 809,284 703,261
Depreciation
and amortisation		 68,861 64,351
Fundraising
costs		 750
Governance
costs		 1,500 1,500
Total expenditure
in the year		 880,395 769,112
Deficit before tax for the year 62,820 53,830
Tax on deficit on ordinary
activities
Net deficit after tax 62,820 53,830
Unrealised
Gains and Losses on Other Unlisted		 Investments (100)
Gift Aid donations
made
Retained deficit for the financial year 62,720 53,830
All activities derive from continuing operations

SORP
Note Ref 2023 2022
F
Fixed assets A
Tangible assets 8 A2 415,974 339,622
Investments held as fixed assets 9 A4 100
Total fixed assets 415,974 339,722
Current assets B
Stocks B1 15,576 9,553
Debtors 12 B2 19,467 9,376
Cash at bank and
in		 hand B4 517,394 537,006
Total current assets 552,437 555,935
Creditors: amounts falling due within
one year 13 C1 (184,352) 174,318
Net current assets 368,085 381,617
Net assets 784,059 721,339
Net assets are funded by the funds of the charity, as follows:-
Unrestricted Funds
Unrestricted Revenue Funds 20 D3 400,156 381,717
Designated Funds
Designated Fixed Asset Funds 20 D3 383,903 339,622
Total charity funds 784,059 721,339

Pinewood
Gymnastics
Club Limited
Cash Flow Statement for the year ended 31August 2023
2023f 2022f
Cash flows from operating
activities
Net cash used
in operating
activities as shown		 below A 119,920 178,521
Cash flows from investing
activities
Interest received 5,681 1,284
Proceeds from sale of property,
plant and equipment		 25,623
Purchase of property,
plant and equipment		 (170,836) (68,131)
Net cash used in investing
acitivities		 B ~139,532 (66,847)
Cash flows from financing
activities
Cash inflows from new borrowings
Overall cash used in all activities A+B+6 ~19612 111,674
Cash movements
Change
in cash and cash equivalents
from activities		 in the
year ended 31 August 2023 (19,612) 111,674
Cash and cash equivalents
at
1 September 2022		 537,006 425,332
Cash at bank and in hand less overdrafts at 31 August 517,394 537,006
Reconciliation
ofnet expenditure
to net		 cash flow from operating activities
Net income as shown
in the SOFA		 62,720 53,830
Adjustments
for:-
Depreciation
charges loss on disposal ofassets		 68,961 64,351
Dividends,
interest and rents from investments		 (5,681) (1,284)
Increase
in stocks		 (6,023) (6,341)
Increase
in debtors		 (10,091) 17,236
Increase
in creditors		 10,034 50,729
Net cash used by operating
acitivites		 119,920 178,521
Analysis ofcash and cash equivalents
2023 2022
f f
Cash and bank in hand at 31stAugust 517,394 537,006
Notice deposits - (less than 3 months)
Overdrafts
facility repayable
on demand
Total cash and cash equivalents 517,394 537,006

Staff costs and emoluments
Salary costs 2023
F		 2022f
Gross Salaries excluding
trustees
and key management
personnel		 564,927 515,157
Employer's
National
Insurance
for all staff		 38,858 31,267
Total salaries, wages and related costs 603,785 546,424
Staff costs and emoluments
(continued)
Numbers offull time employees or full time equivalents 2023 2022
The average
number oftotal staff employed
in the year was		 67 61
The average
number of part time staff employed		 in the year was 57 50
The average
number of full time staff employed		 in the year was 10 11
The estimated
full time equivalent
number of all		 staff employed in the year was 20 18
The estimated
equivalent
number offull time		 staff deployed in different activities in the year was:-
Engaged
on charitable
activities		 16 15
Engaged
on management
and administration		 4 3
The estimated
full time equivalent
number ofall staff employed as above		 20 18
Neither the trustees
nor any persons connected		 with them have received any remuneration from the charity or any
related entity or been reimbursed
any expenses,		 either in the current or prior year.
No employees
received emoluments
(excluding		 pension costs) in excess of660,000 per annum.

Deferred income - Unre str icted
and Designate		 d
funds
Opening Released Received Deferred
Deferrals from prior less released at year end
years in year
6
Fees and charges received in advance 130,864 (130,864) 150,004 150,004
Total 130,864 (130,864) 150,004 150,004
2023f 2022
These deferrals are included in creditors 150,004 130,864

8 Tangible fixe d assets
Land &
Buildings		 Plant &
Nlachinery		 Long
Leasehold		 Total
Cost
At 1 September 2022 369,617 372,262 147,285 889,164
Additions 105,081 65,755 170,836
Disposals (18,232) (54,114) (72,346)
At 31August 2023 456,466 383,903 147,285 987,654
Depreciation
At 1 September 2022 123,128 320,804 105,610 549,542
Charge for the year 33,271 22,507 5,495 61,273
On disposals (8,257) (30,878) (39,135)
At 31August 2023 148,142 312,433 111,105 571,680
Net book value
At 31 August 2023 308,324 71,470 36,180 415,974
At 31 August 2022 246,489 51,458 41,675 339,622
9 Investments held as fixed assets
Investment
in subsidiary		 Listed
Investments		 Other
Classes of
Investment		 Total
Carrying values ofinvestments
At 1 September 2022 100 100
Writing
down at 31 August 2023		 (100) (100)
Disposals
At 31August 2023
The company holds 20%or more of the s hare capital of the following
companies		 :
Capital and Profit (loss)
Company Shares held reserves for the year
Class F E
PGC Trading Limited Ordinary 100 (61) 880

Amounts
owing to and from the subsidiary
ar		 Amounts
owing to and from the subsidiary
ar		 e shown
in the not		 es relating to creditors and deb tors.
Stocks 8 Work in Progress 2023f 2022
Stocks before write downs 15,576 9,553
15,576 9,553
Debtors
2023f 2022
Trade debtors (1,521) (1,403)
Amounts
loaned owed by group undertakings		 and undertakings in which the company has
a participating interest 202
Prepayments and accrued income 20,988 8,551
Other debtors 2,026
19,467 9,376

13 Creditors: amounts falling falling falling due within due within due within one year one year 2023 2022
E
Bank loans and overdrafts
Accruals for grants payable
Trade &Operating
Creditors		 15,604 11,274
Accruals 18,744 22,147
Statutory
redundancy		 payments
Deferred
Income - Unrestricted		 & designated funds 150,004 130,864
Amounts
owed to group		 undertakings and undertakings in which the company has a
participating
interest
PAYE, NIC VAT and other taxes 6,036
Other creditors 3,997
184,352 174,318
14 Pension commitments
2023 2022
F
Pension commitments under defined contribution
schemes:-
within one year 10,000 10,374
10,000 10,374
15 Financial commitments under operating leases 2023 2022
At the year end the charity had commitments under nonwancellable operating
leases as set out below:
Annual Total
Commitment Commitment
in next year remaining
over whole
Operating
leases which		 expire:
within
two to five years		 14,787 6,686
in over five years 45,926 52,902
60,713 59,588
16 Contractual
capital commitments		 2023 2022f
At 31st August 2020, the charity had entered into contractual commitments for internal
refubishment
works and		 extension, which had not been completed by 31stAugust 2022.
However,
in view ofthe		 COVID Pandemic,
this		 committment was deferred. These
amounts
have not been		 provided in the accounts. The work was completed after 31st
August 2022 in November 2022 and an amount ofE3,415remained commited at 31st
August 2022. 3,415
3,415

Pinewood
Gymnastics
 Club Limited
Notes to the Accounts for the year ended 31August 2023
17Income and Expenditure account summary 2023f 2022f
At 1 September 2022 721,339 667,509
(Loss)/Surplus
after tax for the year		 62,720 53,830
At 31August 2023 784,059 721,339

Particulars
of how particular
funds a		 Particulars
of how particular
funds a		 re represented
by assets an		 d liabilities
At 31August 2023 Unrestricted Designated Restricted Total
funds funds funds Funds
6 6
Tangible Fixed Assets 415,974 415,974
Investments
at valuation:-
Fixed asset investments
Current Assets 552,437 552,437
Current Liabilities (184,352) (184,352)
368,085 415,974 784,059
At 1September 2022 Unrestricted Designated Restricted Total
funds
f		 funds
f		 funds Fundsf
Tangible Fixed Assets 339,622 339,622
Fixed asset investments 100 100
Current Assets 555,935 555,935
Current Liabilities (174,318) (174,318)
381,717 339,622 721,339

Funds Movement Movement Movement in Funds
brought funds in 2023 Transfers carried
forward from between forward to
2022 funds in 2023 2024
See Note 21 See Note 0
f f
Unrestricted and designated funds:-
Unrestricted Revenue Funds 381,717 62,720 (44,281) 400,156
Unrestricted Revaluation Reserve
Designated Fixed Asset Funds 339,622 44,281 383,903
Total unrestricted
and		 designated funds 721,339 62,720 784,059
Total restricted funds
Total charity funds 721,339 62,720 784,059
Analysis of movements in funds over the year as shown
in Note		 20
Other
Income Expenditure Gains & Movement
Losses in funds
2023f 2023
f		 2023
f		 2023
F
Unrestricted and designated funds:-
Unrestricted Revenue Funds 943,215 (880,395) (100) 62,720
943,215 ~(885,395 (100) 62,720

25 Donations
and Legacies		 Donations
and Legacies		 Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
2023 2023 2023 2022
f f f
Donations
and		 gifts from individuals
Small donations
61000		 individually
less than		 2,558 2,558 3,374
Total donations
individuals		 and gifts from 2,558 2,558 3,374
Revenue grants 8 donations from public bodies
Small grants
individually
less		 than F1000
Total public sector revenue grants
Revenue grants 8 donations from non public bodies
Total private sector revenue grants
Total Donations
and Legacies		 A1 2,558 2,558 3,374

Current year Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
2023 2023 2023 2022
6 6 6
Primary purpose
and ancillary trading
Primary purpose
trading		 -Sale ofgoods
and services in accordance with the 867,477 867,477 755,161
charity's objects
Membership subscriptions 26,880 26,880 38,621
Recharged
income from		 subsidiary 2,406
Other trading activities
Total Primary purpose
trading		 and ancillary 894,357 894,357 796,188
27 Total Income from charitable
activities
Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
f
2023 2023 2023 2022
Total income from charitable trading 894,357 894,357 796,188
Total from charitable activities A2 894,357 894,357 796,188

28 Income from Income from other, non charitable, other, non charitable, other, non charitable, other, non charitable, trading activities trading activities
2023 2023 2023 2022
Current year Current year Current year Prior Year
Unrestricted Total Funds Total Funds
Funds Restricted Funds
2023 2023 2023 2022
E .E E E
Income from fundraising activities 1,635 1,635 298
Total from other activities A3 1,635 1,635 298
29 Investment income
Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
2023 2023 2023 2022
E E E
Bank Interest Receivable 5,681 5,681 740
Non Bank interest receivable 544
Total investment income A4 5,681 5,681 1,284
30 Expenditure on charitable activities -Direct spending
Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
2023 2023 2022
E E E
Gross wages
activities		 and salaries - charitable 390,016 390,016 359,796
Statutory
redundancy		 payments
Employers' Nl - Charitable activities 31,903 31,903 22,586
BG membership and insurance 5,953 5,953 2,320
Total direct spending B2a 427,872 427,872 384,702

Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
2023 2023 2023 2022
E E E F
Cost ofgoods for
trading		 primary purpose 77,157 77,157 33,664
Marketing and advertising of primary 782 782 455
purpose trading
Gym Hire
Total charitable trading costs B2b 77,939 77,939 34,119

Current year Current year Current year Prior Year
Unrestricted Restricted Funds Totai Funds Total Funds
Funds
2023 2023 2023 2022
f f f f
Donations made to other charities
Total grantmaking costs B2c

33 Support costs for charitable Support costs for charitable activities activities
Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
2023 2023 2023 2022
E E E
Employee costs notincludedin direct costs
Salaries - Administrative
staff		 174,911 174,911 155,361
Statutory
redundancy
payments
Defined contribution
pension		 cost-
administrative
staff
Employers'
NI - Administrative		 staff 6,955 8,681
Training
and welfare - staff		 4,415 8,314
Staff Clothing 3,436 3,448
Christmas
Party		 1,571 1,417
DBScosts 1 113 548
Premises Expenses
Rent payable
under operating		 leases 9,407 9,407 8,941
Rates and water charges 1,342 1,342 1,451
Light heat and power 22,721 22,721 16,422
Cleaning
and waste management		 21,174 21,174 20,005
Premises
repairs,
renewals		 and 7,716 7,716 13,359
Property
insurance		 6,401 6,401 6,174
Administrative
overheads
Telephone,
fax and internet		 2,141 2,141 2,338
Postage
Stationery and printing 9,590 9,590 6,972
Software licences and expenses 2,440 2,440 1,719
Health and safety costs 826 826 925
Sundry expenses 2,555 2,555 1,652
Equipment, repairs, expenses and 6,417 6,417 5,167
Licences 8 Permits
Professional fees paid to advisors other than the auditor or examiner
Accountancy
fees other than
examination
or audit fees		 4,970 4,884
HR Mentor Services 3,507 3,507 8,008
Financial costs
Bank charges 9,502 9,502 8,237
Bad and doubtful
debts
Depreciation 5 Amortisation in total for 68,861 68,861 64,351
Support costs 372,334 372,334 348,791
Total support costs 372,334 372,334 348,791

Current year Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
2023 2023 2023 2022
E E
Independent
Examiner's fees		 1,500 1,500 1,500
Total Governance costs 1,500 1,500 1,500
35 Total Charitable expenditure
Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds Total Funds
Funds
2023 2023 2023 2022
E E F
Total direct spending B2a 427,872 427,872 384,702
Total charitable trading costs B2b 77,939 77,939 34,119
Total grantmaking costs B2c
Total support costs B2d 372,334 372,334 348,791
Total Governance costs B2e 1,500 1,500 1,500
Total charitable expenditure B2 879,645 879,645 769,112

Expenditur e
on r		 aising funds and cos ts of investmen t
manage		 ment
Current year Current year Current year Prior Year
Unrestricted Restricted Funds Total Funds TotalFunds
Funds
2023 2023 2023 2022
E E
Cost offundraising activities 8 events
Investment management costs 750 750
Total fundraising costs B1 750 750

37 Analysis of income by activity Analysis of income by activity Analysis of income by activity
SOFA ref 2023 2022
f f.
Activity
Income from charitable activities
Primary purpose
and ancillary		 trading 894,357 796,128
Income from other, non charitable, trading activities
Fundraising
activities		 38,984 22,096
Summary ofTotal Income, including the items above
Charitable
activities		 A2 894,357 796,128
Other activities A3 38,984 22,096
Grants, donations
and legacies		 A1 2,558 3,374
Investment
income		 A4 5,681 1,284
Total income as shown in the SOFA A 941,580 822,882

Activity Activity Activity Activity Direct costs Support Grant
costs funding of Total Total
activities
2023 2023 2023 2023 2022
Primary purpose and ancillary trading
Direct costs 427,872 427,872 384,702
Charitable
trading		 costs 77,939 77,939 34,119
Employee costs not included in direct
costs 192,764 192,764 178,186
Premises expenses 68,761 68,761 66,352
Administrative overheads 23,969 23,969 18,773
Professional fees 8,477 8,477 12,892
Financial costs 78,363 78,363 72,588
Total Primary purpose
trading		 and ancillary 505,811 372,334 878,145 767,612
Direct costs Support Grant
costs funding of Total Total
activities
2023 2023 2023 2023 2022
Other charitable activities
Losses on disposals offixed assets
Summary of charitable costs by activity
Direct costs Support Grant
costs funding of Total Total
activities
2023 2023 2023 2023 2022
f f f
Total Primary purpose and ancillary
trading 505,811 372,334 878,145 767,612
Total Other charitable activities
Total Governance costs as detailed in
Note 34 1,500 1,500 1,500
Total charitable expenditure 505,811 373,834 879,645 769,112

Analysis ofsupport
and governance		 Analysis ofsupport
and governance		 Analysis ofsupport
and governance		 costs costs by charitable by charitable by charitable activities activities
Governance Finance Human Other Total
Activity Resources Overheads
Primary purpose
and		 ancillary
trading		 1,500 78,363 192,764 101,207 373,834
Summary ofgrant making
by activity
Grants to
institutions		 Grants to
individuals		 Support
costs		 Total Total
2023
F		 2023 2023f 2023 2022
F
Primary purpose
and		 ancillary trading
Fuller details ofgrants made and related costs, including support costs, are shown in note 32.
39 Analysis of non charitable
expenditure		 by activity
Activity
Fundraising
activities and recharges to		 subsidiary Fundraising
activities		 Fundraising
activities
2023 2022
Direct fundraising
costs and recharges		 to subsidiary 750
Total non charitable expenditure 2023 2022
F
Total costs of Fundraising
activities and recharges		 to subsidiary 750
Total non charitable expenditure 750
40 Total expenditure by activity 2023 2022
Total charitable
expenditure		 879,645 769,112
Total of Grant making
Total non charitable expenditure - Fundraising and recharges to subsidiary 750
880,395 769,112