Digitally Signed Document Document ID: E4968F3ACC284A ## Document Details **Filename:** 1. Final Accounts 2023.pdf **Client of:** Walter Dawson & Son ## Signature Details **Name:** Mark Wild **Email:** m.wild@ycgf.org.uk **Date & Time:** 27/06/2024 13:37:23 PM (BST) **IP Address:** 151.249.70.164 York City Gymnastics Foundation agrees and **Signing Statement:** approves the contents of this document. ## Digital Certificate The approved PDF file has been digitally certified.Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with. |**On behalf of:**|Walter Dawson & Son| |---|---| ||| |**PDF digital certificate:**|IRIS Software Group Limited| ||| |**Digital certificate issued by:**|GlobalSign| Please keep a copy of this document for your records. **REGISTERED CHARITY NUMBER: 1152515** ## **REPORT OF THE TRUSTEES AND** ## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023** ## **FOR** ## **YORK CITY GYMNASTICS FOUNDATION** Walter Dawson & Son Chartered Accountants Lawrence House James Nicolson Link Clifton Moor York North Yorkshire YO30 4WG **YORK CITY GYMNASTICS FOUNDATION** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023** ||**Page**| |---|---| |**Report of the Trustees**|1 to 2| |**Independent Examiner's Report**|3 to 4| |**Statement of Financial Activities**|5| |**Balance Sheet**|6 to 7| |**Cash Flow Statement**|8| |**Notes to the Cash Flow Statement**|9| |**Notes to the Financial Statements**|10 to 16| |**Detailed Statement of Financial Activities**|17 to 18| **YORK CITY GYMNASTICS FOUNDATION** **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023** The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of 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). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** To provide facilities for recreation and other leisure-time occupations (in particular laying out, managing, equipping and maintaining facilities for gymnastics) in the interests of social welfare with the aim of improving the conditions of life for the inhabitants of York and it's environs and North Yorkshire. The area of benefit is to advance education (including physical education) through the provision of gymnastics and gymnastics related activities. We aim to relieve those in need in particular those caring for people with mental and/or physical disabilities by providing facilities which enable them to participate in gymnastic related activities. ## **STRATEGIC REPORT** ## **Achievement and performance** The 22-23 financial year has seen the Foundation continue to stabilise its operations and financial position, and is now operating very much on a business as usual basis. Moving forward, the focus for the organisation is building for the future. We are planning on making significant investment in our staff, equipment and facilities. This has started with the replacement and updating of various items of equipment within the gym, and will continue over the next few years. The Trustees look forward to continuing to deliver on their charitable aims in the coming year and to further improve the experience and enjoyment of the many children and adults that participate in the activities we provide. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number** CE000493 (England and Wales) ## **Registered Charity number** 1152515 ## **Registered office** The Gymnastics Centre St John's Walk Heworth Green York North Yorkshire YO31 7SX ## **Trustees** M Wild R Edwards (appointed 3.3.23) N Swain Treasurer ## **Company Secretary** M Wild Page 1 **YORK CITY GYMNASTICS FOUNDATION** **REPORT OF THE TRUSTEES** **FOR THE YEAR ENDED 31 AUGUST 2023** ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Independent Examiner** Walter Dawson & Son Chartered Accountants Lawrence House James Nicolson Link Clifton Moor York North Yorkshire YO30 4WG Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 27 June 2024 and signed on the board's behalf by: M Wild - Trustee Page 2 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YORK CITY GYMNASTICS FOUNDATION** **Independent examiner's report to the trustees of York City Gymnastics Foundation ('the Company')** I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 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. Page 3 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YORK CITY GYMNASTICS FOUNDATION** ## **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. Julie A Young FCCA ACA The Institute of Chartered Accountants in England and Wales Walter Dawson & Son Chartered Accountants Lawrence House James Nicolson Link Clifton Moor York North Yorkshire YO30 4WG 27 June 2024 Page 4 **YORK CITY GYMNASTICS FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023** |**Notes**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Other trading activities
3
**Total**
**EXPENDITURE ON**
Raising funds
4
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**2023**
**Unrestricted**
**fund**
**£**
2,820
523,615
526,435
449,700
76,735
1,028,676
1,105,411|**2022**
**Total**
**funds**
**£**
2,975
384,709
387,684
327,877
59,807
968,869
1,028,676| |---|---|---| The notes form part of these financial statements Page 5 **YORK CITY GYMNASTICS FOUNDATION** ## **BALANCE SHEET** ## **31 AUGUST 2023** |**Notes**
**FIXED ASSETS**
Tangible assets
9
**CURRENT ASSETS**
Debtors
10
Cash in hand
**CREDITORS**
Amounts falling due within one year
11
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after more than one
year
12
**NET ASSETS**
**FUNDS**
14
Unrestricted funds
**TOTAL FUNDS**|**2023**
**Unrestricted**
**fund**
**£**
960,265
1,970
183,140
185,110
(17,464)
167,646
1,127,911
(22,500)
1,105,411
1,105,411
1,105,411|**2022**
**Total**
**funds**
**£**
922,976
480
150,595
151,075
(13,745)
137,330
1,060,306
(31,630)
1,028,676
1,028,676
1,028,676| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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. The financial statements were approved by the Board of Trustees and authorised for issue on 27 June 2024 and were signed on its behalf by: The notes form part of these financial statements continued... Page 6 **YORK CITY GYMNASTICS FOUNDATION** **BALANCE SHEET - continued** **31 AUGUST 2023** M Wild - Trustee The notes form part of these financial statements Page 7 ## **YORK CITY GYMNASTICS FOUNDATION** |**CASH FLOW STATEMENT**
**FOR THE YEAR ENDED 31 AUGUST 2023**
**2023**
**Notes**
**£**
**Cash flows from operating activities**
Cash generated from operations
1
105,272
Net cash provided by operating activities
105,272
**Cash flows from investing activities**
Purchase of tangible fixed assets
(61,778)
Sale of tangible fixed assets
-
Net cash used in investing activities
(61,778)
**Cash flows from financing activities**
Loan repayments in year
(10,949)
Net cash used in financing activities
(10,949)
**Change in cash and cash equivalents**
**in the reporting period**
32,545
**Cash and cash equivalents at the**
**beginning of the reporting period**
150,595
**Cash and cash equivalents at the end**
**of the reporting period**
183,140|**2022**
**£**
78,983
78,983
(34,714)
5,760
(28,954)
(8,370)
(8,370)
41,659
108,936
150,595| |---|---| The notes form part of these financial statements Page 8 **YORK CITY GYMNASTICS FOUNDATION** ## **NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2023** ## **1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES** |**Net income for the reporting period (as per the Statement of**
**Financial Activities)**
**Adjustments for:**
Depreciation charges
Interest paid
Increase in debtors
Increase/(decrease) in creditors
**Net cash provided by operations**|**2023**
**£**
76,735
24,489
1,819
(1,490)
3,719
105,272|**2022**
**£**
59,807
19,822
-
(480)
(166)
78,983| |---|---|---| ## **2. ANALYSIS OF CHANGES IN NET FUNDS** |**Net cash**|**At 1.9.22**
**Cash flow**
**At 31.8.23**
**£**
**£**
**£**| |---|---| |Cash at bank and in hand|150,595
32,545
183,140| ||150,595
32,545
183,140| |**Debt**|| |Debts falling due within 1 year|(10,000)
-
(10,000)| |Debts falling due after 1 year|(31,630)
9,130
(22,500)| ||(41,630)
9,130
(32,500)| |**Total**|108,965
41,675
150,640| The notes form part of these financial statements Page 9 **YORK CITY GYMNASTICS FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 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. ## **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. ## **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. ## **TANGIBLE FIXED ASSETS** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Gymnastics equipment - 10% on reducing balance Computer equipment - 25% on reducing balance ## **TAXATION** The charity is exempt from corporation tax on its charitable activities. ## **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. continued... Page 10 **YORK CITY GYMNASTICS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023** ## **2. DONATIONS AND LEGACIES** |Donations
Apprenticeship grant
Interest income
Grants received, included in the above, are as follows:
Other grants
**3.**
**OTHER TRADING ACTIVITIES**
Club fees
Gymnasium hire
Shop/cafe takings
Badge and chalk sales
Income from solar panels
**4.**
**RAISING FUNDS**
**OTHER TRADING ACTIVITIES**
Purchases
Printing, stationery and advertising
Insurance
Rates
Water
Telephone and internet etc
Accountancy fees
Legal and professional fees
Bank and card charges
Cleaning
Sundries
Repairs and renewals
Wages and pension premiums
Competition entries
Team clothing
Pension charges
Loan interest
Carried forward|**2023**
**£**
535
2,000
285
2,820
**2023**
**£**
2,000
**2023**
**£**
502,829
13,241
3,775
1,365
2,405
523,615
**2023**
**£**
25,459
3,119
38,826
3,580
2,104
4,158
2,557
2,693
14,416
23,230
3,162
11,296
253,420
12,589
22,567
216
1,819
425,211|**2022**
**£**
971
2,000
4
2,975
**2022**
**£**
2,000
**2022**
**£**
369,796
9,172
2,048
1,451
2,242
384,709
**2022**
**£**
16,094
3,182
33,832
3,373
2,538
4,377
2,041
3,697
6,693
19,563
1,609
14,030
187,520
7,704
1,248
144
-
307,645| |---|---|---| continued... Page 11 **YORK CITY GYMNASTICS FOUNDATION** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023** ## **4. RAISING FUNDS - continued** ## **OTHER TRADING ACTIVITIES - continued** |Brought forward
Depreciation of gymnastics equipment
Depreciation of computer equipment
Loss on disposal of fixed assets
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|**2023**
**£**
425,211
23,646
843
-
449,700
**2023**
**£**
24,489|**2022**
**£**
307,645
133
19,689
410
327,877
**2022**
**£**
19,822| |---|---|---| ## **5. NET INCOME/(EXPENDITURE)** ## **6. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022. ## **TRUSTEES' EXPENSES** There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022. ## **7. STAFF COSTS** The average monthly number of employees during the year was as follows: |Part-time
Full-time|**2023**
9
20
29|**2022**
11
13
24| |---|---|---| No employees received emoluments in excess of £60,000. continued... Page 12 **YORK CITY GYMNASTICS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023** ## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
**Total**
**EXPENDITURE ON**
Raising funds
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**fund**
**£**
2,975
384,709
387,684
327,877
59,807
968,869
1,028,676| |---|---| ## **9. TANGIBLE FIXED ASSETS** |**COST**
At 1 September 2022
Additions
At 31 August 2023
**DEPRECIATION**
At 1 September 2022
Charge for year
At 31 August 2023
**NET BOOK VALUE**
At 31 August 2023
At 31 August 2022|**Freehold**
**property**
**£**
744,925
-
744,925
-
-
-
744,925
744,925|**Gymnastics**
**equipment**
**£**
215,684
58,802
274,486
38,030
23,646
61,676
212,810
177,654|**Computer**
**equipment**
**Totals**
**£**
**£**
530
961,139
2,976
61,778
3,506
1,022,917
133
38,163
843
24,489
976
62,652
2,530
960,265
397
922,976| |---|---|---|---| continued... Page 13 **YORK CITY GYMNASTICS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023** ## **10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Trade debtors
Other debtors
**11.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 13)
Social security and other taxes
Other creditors
Accruals and deferred income
**12.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 13)
**13.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years|**2023**
**£**
1,970
-
1,970
**2023**
**£**
10,000
3,681
601
3,182
17,464
**2023**
**£**
22,500
**2023**
**£**
10,000
10,000
12,500|**2022**
**£**
-
480
480
**2022**
**£**
10,000
-
441
3,304
13,745
**2022**
**£**
31,630
**2022**
**£**
10,000
10,000
21,630| |---|---|---| continued... Page 14 **YORK CITY GYMNASTICS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023** ## **14. MOVEMENT IN FUNDS** |**Net**
**movement**
**At 1.9.22**
**in funds**
**£**
**£**
**Unrestricted funds**
General fund
1,028,676
76,735
**TOTAL FUNDS**
1,028,676
76,735
Net movement in funds, included in the above are as follows:
**Incoming**
**Resources**
**resources**
**expended**
**£**
**£**
**Unrestricted funds**
General fund
526,435
(449,700)
**TOTAL FUNDS**
526,435
(449,700)
**Comparatives for movement in funds**
**Net**
**movement**
**At 1.9.21**
**in funds**
**£**
**£**
**Unrestricted funds**
General fund
968,869
59,807
**TOTAL FUNDS**
968,869
59,807
Comparative net movement in funds, included in the above are as follows:
**Incoming**
**Resources**
**resources**
**expended**
**£**
**£**
**Unrestricted funds**
General fund
387,684
(327,877)
**TOTAL FUNDS**
387,684
(327,877)|**At**
**31.8.23**
**£**
1,105,411
1,105,411
**Movement**
**in funds**
**£**
76,735
76,735
**At**
**31.8.22**
**£**
1,028,676
1,028,676
**Movement**
**in funds**
**£**
59,807
59,807| |---|---| continued... Page 15 **YORK CITY GYMNASTICS FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023** ## **14. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|**At 1.9.21**
**£**
968,869
968,869|**Net**
**movement**
**in funds**
**£**
136,542
136,542|**At**
**31.8.23**
**£**
1,105,411
1,105,411| |---|---|---|---| 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**
**£**
914,119
914,119|**Resources**
**Movement**
**expended**
**in funds**
**£**
**£**
(777,577)
136,542
(777,577)
136,542| |---|---|---| ## **15. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 August 2023. Page 16 **YORK CITY GYMNASTICS FOUNDATION** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Apprenticeship grant
Interest income
**Other trading activities**
Club fees
Gymnasium hire
Shop/cafe takings
Badge and chalk sales
Income from solar panels
**Total incoming resources**
**EXPENDITURE**
**Other trading activities**
Coaching expenses and course fees
Purchases
Printing, stationery and advertising
Insurance
Rates
Water
Telephone and internet etc
Accountancy fees
Legal and professional fees
Bank and card charges
Cleaning
Sundries
Repairs and renewals
Wages and pension premiums
Competition entries
Team clothing
Pension charges
Loan interest
Depreciation of gymnastics equipment
Depreciation of computer equipment
Loss on disposal of fixed assets|**2023**
**£**
535
2,000
285
2,820
502,829
13,241
3,775
1,365
2,405
523,615
526,435
20,156
5,303
3,119
38,826
3,580
2,104
4,158
2,557
2,693
14,416
23,230
3,162
11,296
253,420
12,589
22,567
216
1,819
23,646
843
-
449,700|**2022**
**£**
971
2,000
4
2,975
369,796
9,172
2,048
1,451
2,242
384,709
387,684
14,855
1,239
3,182
33,832
3,373
2,538
4,377
2,041
3,697
6,693
19,563
1,609
14,030
187,520
7,704
1,248
144
-
133
19,689
410
327,877| |---|---|---| This page does not form part of the statutory financial statements Page 17 **YORK CITY GYMNASTICS FOUNDATION** **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023** |Total resources expended
**Net income**|**2023**
**£**
449,700
76,735|**2022**
**£**
327,877
59,807| |---|---|---| This page does not form part of the statutory financial statements Page 18