DocuSign Envelope ID: B6FA5B4E-6AD3-498B-9C7B-63AC8D080733
Charity number: 1152822
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
WOKING GYMNASTICS CLUB
DocuSign Envelope ID: B6FA5B4E-6AD3-498B-9C7B-63AC8D080733
WOKING GYMNASTICS CLUB
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2 - 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Statement of cash flows | 8 |
| Notes to the financial statements | 9 - 16 |
| The following pages do not form part of the statutory financial statements: | |
| Charity Detailed income and expenditure account and summaries |
DocuSign Envelope ID: B6FA5B4E-6AD3-498B-9C7B-63AC8D080733
WOKING GYMNASTICS CLUB
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2022
Trustees Lionel Smith-Gordon, Chair Claire Beesly, Vice Chair James Porter, Secretary Barry Rees, Treasurer Finn Chu, Trustee Mike Childress, Trustee Charity registered number 1152822 Principal office Kingfield Road Woking Surrey GU22 9AA Accountants Menzies LLP Chartered Accountants Centrum House 36 Station Road Egham Surrey TW20 9LF Bankers HSBC Bank plc 12A North Street Guildford Surrey GU1 4AF Independent Examiner Janice Matthews FCA Menzies LLP Centrum House 36 Station Road Egham, Surrey TW20 9LF
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WOKING GYMNASTICS CLUB
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022
The Trustees present their annual report together with the financial statements of the Charity for the year 1 October 2021 to 30 September 2022.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is controlled by its governing document, the Club Constitution, and constitutes a Charitable Incorporated Organisation formed on 2 July 2013. The Club started operations on 1 October 2013 when it assumed the activities of the previous charity of the same name that had operated since the early 1980s.
Trustees & Management
Trustees are appointed by way of acceptance of nomination at the Annual General Meeting or co-opted during the year as provided for in the Constitution. New trustees are provided with both statutory Charity Commission and Club-specific documentation and training to enable them to fulfil their obligations and to contribute to the running of the Club.
The day to day running of the club is delegated to the Chief Executive Officer who directly manages the administrative functions and our gymnastics programmes; the CEO is not a trustee but reports to the trustees. The trustees set the annual objectives for the Club and CEO through a formal development process with regular reviews and annual assessments of remuneration.
No trustee of the Charity had any personal interest in any contract or transaction entered into by the Charity during the year save for the fact that they are members of the Club and their child(ren) may enjoy the facilities provided by the Club on the payment of the usual fees.
Decision Making
The Club and the Charity operate in accordance with the policies and codes of conduct of the National Governing Body, British Gymnastics.
Risk management
The trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees have considered the major business and operational risks faced by the Charity and have established systems to ensure that the necessary steps are taken to mitigate these risks.
OBJECTIVE AND ACTIVITIES
Objective and aims
The objective of the Charity, as laid down in its Constitution, is the promotion of community participation in healthy recreation in particular by the provision of facilities for gymnastics.
Significant activities
The significant activities of the Club are provision of classes and training sessions for members to undertake gymnastics activities; coaching and training of gymnasts; participation in competitions and events; promotion of well-being through gymnastics in the local community.
The Club also provides a range of activities that deliver benefit to a wider section of the public in the community, described in more depth in the section Annual Review below.
Public Benefit Reporting
The trustees have due regard to the guidance relating to public benefit published by the Charity Commission. The Club’s activities are primarily intended for the benefit of the people of Woking and the surrounding areas. Our Club is open to all, regardless of age, race, gender, or sexual orientation.
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TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022
Gymnastics requires specialist facilities, equipment, and a high ratio of qualified coaches to gymnasts to enable it to take place safely and this means that it will always be necessary to charge for the use of the facilities and for coaching received.
A bursary programme is in place to cater for situations where access to the Club would otherwise not be possible for a gymnast whose family are suffering significant financial hardship.
Charitable activities
The Club began its gradual return to full operations, after the Covid-19 pandemic, toward the end of the previous financial year, and although this current financial year has not been directly affected by the pandemic, the resultant financial climate has influenced the rate of recovery throughout much of the period.
Annual Review
With the Club returning to near pre pandemic levels of activity during this financial year, the operations included:
Community activities
The Club continued to devote effort to supporting the Woking area and wider community by:
-
Weekly visits to local schools promoting gymnastics.
-
Continued development of coaches and judges via our internal education programme and via our Leadership academy.
-
Delivery of free gymnastics sessions for groups with special educational needs.
Pre-School classes
23 classes were run each week, catering for a broad age range including babies, toddler and school reception age. Classes continued to provide essential social interaction and introduction to organised gymnastics activity for children in this sector.
Recreational (Gymnastics for All)
Our recreational programme continues to provide a range of classes to suit all ages and abilities, including the newly added key step, tumbling and disability gymnastics classes. Over 650 members have now returned to regular participation on a weekly basis.
The introduction of an enhanced programme of holiday courses has proven popular and provides an additional revenue stream.
Our floor and vault group also continues to grow with gymnasts achieving success at local and regional competitions.
To support our activities, we have added to our coaching team and their continual development is supported by funding staff to achieve higher qualifications.
Squad Artistic gymnastics
Now free from any restrictions on training both our Men's and Women's Squads have strengthened in numbers and medal success at national competition level has followed. Across both Squads we have gymnasts representing at regional, English, Scottish and Great Britain level.
FINANCIAL REVIEW
The Club has net assets of £429,313 (2021: £394,453) after recording a surplus of £34,860 (2021: a deficit of £29,495) for the year ended 30 September 2022. Total income for the Club was £724,062, an increase of 22% on prior year (2021: £594,210) where the club was closed due to Covid-19 restrictions for 7 months. Resources expended on the provision of gymnastic services, £689,202, increased by 10.5% when compared to the prior year (2021: £623,705).
Reserves policy
The Club will continue to manage its reserves to provide for future unforeseen events or risks.
Within the Club’s reserves there is a significant cash balance, which is a combination of a bounce back loan and funds
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WOKING GYMNASTICS CLUB
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2022
generated through operations. Regardless of the ongoing profitable operational nature of the Club, and its level of Unrestricted funds, it is the Club’s policy to set aside £50,000 as a minimum level of cash reserves.
OUTLOOK AND FUTURE PLANS
The activities of the Club are led by the demands of the local community; the Club will continue to respond to the needs identified by local and national research, to provide a programme of events to meet demand and to invest in capabilities which provide services to our community.
Facilities Development
The additional site at Egley Road for the Club’s Elite Gymnastics programme, has continued in operation, when permitted, since its opening in August 2020. With the return to full capacity at our Kingfield site, the Egley Road facility has partially satisfied the much-needed requirement for additional training space.
The trustees continue to believe that the long-term future of the Club can be secured by the development of a larger and better quality facility. Woking Borough Council have now confirmed that it is not viable for the Club to move to the Ten Acre site. They continue to support us in identifying a suitable alternate site within their boundary and developing our current site at Kingfield is being actively considered. In addition, we now have the active support of British Gymnastics.
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of our Constitution require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period.
In preparing those financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently
-
observe the methods and principles in the Charity SORP
-
make judgements and estimates that are reasonable and prudent
• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports).
Regulations 2008 and the provisions of the Constitution.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ Lionel Smith-Gordon
05-Jul-2023 Date:
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INDEPENDENT EXAMINERS' REPORT
Independent examiner's report to the Trustees of Woking Gymnastics Club ('the Charity')
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 30 September 2022.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants and in England and Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed:
07-Jul-2023 Dated:
Janice Matthews FCA
Menzies LLP Chartered Accountants Centrum House Station Road Egham Surrey TW20 9LF
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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Note Income from: Membership 2 Charitable activities 3 Fundraising 4 Investments Total income Expenditure on: Charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2022 £ 65,175 643,576 15,256 55 724,062 689,202 689,202 34,860 394,453 34,860 429,313 |
Total funds 2022 £ 65,175 643,576 15,256 55 724,062 689,202 689,202 34,860 394,453 34,860 429,313 |
Total funds 2021 £ 56,168 398,354 139,515 173 |
|---|---|---|---|
| 594,210 | |||
| 623,705 | |||
| 623,705 | |||
| (29,495) | |||
| 423,948 (29,495) |
|||
| 394,453 |
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 9 to 16 form part of these financial statements.
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BALANCE SHEET AS AT 30 SEPTEMBER 2022
| Note Fixed assets Tangible assets 8 Current assets Stocks 9 Debtors 10 Cash at bank and 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 Total net assets Charity funds Unrestricted funds 13 Total funds |
11,544 9,973 386,760 408,277 (24,672) |
2022 £ 79,873 79,873 383,605 463,478 (34,165) 429,313 429,313 429,313 |
5,255 11,156 346,749 363,160 (68,540) |
2021 £ 99,833 |
|---|---|---|---|---|
| 99,833 294,620 |
||||
| 394,453 - |
||||
| 394,453 | ||||
| 394,453 | ||||
| 394,453 |
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................ Lionel Smith-Gordon, Chairman
Date: 05-Jul-2023
The notes on pages 9 to 16 form part of these financial statements.
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STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Cash flows from operating activities Net cash used in operating activities Cash flows from investing activities Purchase of tangible fixed assets Net cash used in investing activities Cash flows from financing activities Cash inflows from new borrowing Repayments of borrowing Net cash (used in)/provided by financing activities Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year |
2022 £ 56,982 (10,658) (10,658) - (6,313) (6,313) 40,011 346,749 386,760 |
2021 £ 17,513 |
|---|---|---|
| (11,012) | ||
| (11,012) | ||
| 50,000 - |
||
| 50,000 | ||
| 56,501 290,248 |
||
| 346,749 |
The notes on pages 9 to 16 form part of these financial statements
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WOKING GYMNASTICS CLUB
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
1. Accounting policies
1.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Woking Gymnastics Club meets the definition of a public benefit entity under FRS 102.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
1.2 Going concern
We believe that adequate cash resources will be available to cover the charity’s requirements for working capital and capital expenditure for at least the next twelve months and we are not aware of any other factors that we believe could put into jeopardy the charity’s going concern status. The financial statements have therefore been prepared on the going concern basis.
1.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
1.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Charitable activities and Governance costs are costs incurred on the Charity's educational operations, including support costs and costs relating to the governance of the Charity apportioned to charitable activities.
All expenditure is inclusive of irrecoverable VAT.
1.5 Tangible fixed assets and depreciation
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
1. Accounting policies (continued)
1.5 Tangible fixed assets and depreciation (continued)
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives .
Depreciation is provided on the following bases:
- Sports hall & car park 4.18% straight line - Gymnastics equipment including 20% straight line foam Floor - 10% straight line - Office equipment & fixtures 25% straight line - Asymmetric bars 33.3% straight line - Work in progress assets 20% & 25% straight line
1.6 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
1.7 Pensions
The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.
1.8 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
2. Membership income
| Membership subscriptions Total 2021 |
Unrestricted funds 2022 £ 65,175 56,168 |
Total funds 2022 £ 65,175 56,168 |
Total funds 2021 £ 56,168 |
|---|---|---|---|
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
3. Income from charitable activities
| Clothing & other Gymnastics activities Coaching income Total 2021 |
Unrestricted funds 2022 £ 31,690 611,886 643,576 398,354 |
Total funds 2022 £ 31,690 611,886 643,576 398,354 |
Total funds 2021 £ 17,474 380,880 |
|---|---|---|---|
| 398,354 | |||
4. Fundraising income
Income from fundraising events
| Gift aid tax refunded Club festival Other fundraising income Donations Grants 200 Club Job Retention Scheme Total 2021 |
Unrestricted funds 2022 £ 7,447 5,718 22 100 - 1,969 - 15,256 139,515 |
Total funds 2022 £ 7,447 5,718 22 100 - 1,969 - 15,256 139,515 |
Total funds 2021 £ 8,025 - 491 956 54,257 1,125 74,661 |
|---|---|---|---|
| 139,515 | |||
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
5. Analysis of expenditure by activities
| Recreational Gymnastics Total 2021 Analysis of support costs Staff costs Depreciation Establishment expenses Office support expenses Miscellaneous expenses Accountancy fees Other professional fee Total 2021 6. Net income/(expenditure) Depreciation of tangible fixed assets Independent Examiners fees |
Activities undertaken directly 2022 £ 442,899 377,906 |
Support costs 2022 £ 246,303 245,799 Recreational Gymnastics 2022 £ 150,341 793 55,206 24,182 3,163 9,730 2,888 246,303 245,799 |
Total funds 2022 £ 689,202 623,705 Total funds 2022 £ 150,341 793 55,206 24,182 3,163 9,730 2,888 246,303 245,799 2022 £ 30,859 6,259 |
Total funds 2021 £ 623,705 |
|---|---|---|---|---|
| Total funds 2021 £ 123,573 646 84,506 25,205 46 5,690 6,133 |
||||
| 245,799 | ||||
| 2021 £ 32,172 5,690 |
During the year, no Trustees received any remuneration (2021:£Nil). During the year, no Trustees received any benefits in kind (2021: £Nil).
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
7. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2022 £ 473,573 32,268 8,798 514,639 |
2021 £ 425,301 13,862 3,772 |
|---|---|---|
| 442,935 |
The average number of persons employed by the Charity during the year was as follows:
| Support and administration Contract support staff Coaching staff |
2022 No. 4 - 34 38 |
2021 No. 4 2 33 |
|---|---|---|
| 39 |
No employee received remuneration amounting to more than £60,000 in either year.
The amount of remuneration awarded to key management personnel was £115,208 (2021: £106,311).
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
8. Tangible fixed assets
| Cost or valuation At 1 October 2021 Additions At 30 September 2022 Depreciation At 1 October 2021 Charge for the year At 30 September 2022 Net book value At 30 September 2022 At 30 September 2021 |
Sports hall & car park £ 90,603 - 90,603 84,932 3,786 88,718 1,885 5,671 |
Leasehold property £ 11,683 - 11,683 11,234 300 11,534 149 449 |
Floor, foam & equipment £ 339,612 7,196 346,808 303,123 11,649 314,772 32,036 36,489 |
Office equipment & Fixtures £ 29,840 3,462 33,302 27,712 793 28,505 4,797 2,128 |
Work in progress assets £ 70,360 - 70,360 15,264 14,090 29,354 41,006 55,096 |
Total £ 542,098 10,658 552,756 442,265 30,618 472,883 79,873 99,833 |
|---|---|---|---|---|---|---|
9. Stocks
| Finished goods and goods for resale Debtors Due within one year Trade debtors Other debtors Prepayments and accrued income Tax recoverable |
2022 £ 11,544 2022 £ 4,214 553 5,066 140 9,973 |
2021 £ 5,255 |
|---|---|---|
| 2021 £ 3,846 552 6,618 140 |
||
| 11,156 |
10. Debtors
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
11. Creditors: Amounts falling due within one year
| Bank loans Trade creditors Accruals and deferred income |
2022 £ 9,522 9,835 5,315 24,672 |
2021 £ 50,000 12,063 6,477 |
|---|---|---|
| 68,540 |
12. Creditors: Amounts falling due after more than one year
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Bank loans | 34,165 | - |
13. Statement of funds
Statement of funds - current year
| Unrestricted funds Reserves Statement of funds - prior year Unrestricted funds Reserves |
Balance at 1 October 2021 £ 394,453 Balance at 1 October 2020 £ 423,948 |
Income £ 724,062 Income £ 594,210 |
Expenditure £ (689,202) Expenditure £ (623,705) |
Balance at 30 September 2022 £ 429,313 |
|---|---|---|---|---|
| Balance at 30 September 2021 £ 394,453 |
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
14. Reconciliation of net movement in funds to net cash flow from operating activities
| Net income/expenditure for the year (as per Statement of Financial Activities) Adjustments for: Depreciation charges Fixed asset transfer Decrease/(increase) in stocks Decrease/(increase) in debtors Decrease in creditors Net cash provided by operating activities 15. Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents 16. Analysis of changes in net debt At 1 October 2021 Cash flows £ £ Cash at bank and in hand 346,749 40,011 Debt due within 1 year (50,000) 6,313 Debt due after 1 year - - 296,749 46,324 |
2022 £ 34,860 30,618 - (6,289) 1,183 (3,390) 56,982 2022 £ 386,760 386,760 Other non- cash changes £ - 34,165 (34,165) - |
2021 £ (29,495) |
|---|---|---|
| 32,172 27,944 2,523 (1,714) (13,917) |
||
| 17,513 | ||
| 2021 £ 346,749 |
||
| 346,749 | ||
| At 30 September 2022 £ 386,760 (9,522) (34,165) |
||
| 343,073 |
17. Related party transactions
The Charity has not entered into any related party transaction during the year, nor are there any outstanding balance owing between related parties and the Charity at 30 September 2022.
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INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Income Donation Grants Membership Subscriptions Gift aid tax recovered Other fundraising income Clothing & other gymnastic activities Coaching income 200 Club Club festival Other miscellaneous income Government grants Total income Less: Charity expenditure Clothing and other gymnastic activities Other gymnastic costs Bursaries Repairs and maintenance Direct costs - wages & salaries Direct costs - NI Direct costs - depreciation Direct costs - pension Support costs - depreciation Support costs - wages and salaries Support costs - NI Support costs - office support expenses Support costs - miscellaneous expenses Total Charity expenditure Governance expenditure Independent examiners fees Other professional fees Bad debts written off Total Governance expenditure Surplus/(Deficit) for the reporting period |
2022 £ 100 - 65,175 7,447 22 31,690 611,886 1,966 5,718 58 - 22,589 70,152 6,435 4,516 335,981 19,519 29,825 8,798 793 138,042 12,299 24,182 3,163 9,730 2,888 290 |
2022 £ 724,062 676,294 12,908 34,860 |
2021 £ 956 54,257 56,168 7,677 491 17,474 380,880 1,125 - 521 74,661 14,997 56,050 5,000 28,766 311,445 4,145 31,526 3,772 646 113,856 9,717 25,205 46 5,690 6,133 6,711 |
2021 £ |
|---|---|---|---|---|
| 594,210 | ||||
| 605,171 | ||||
| 18,534 | ||||
| (29,495) |
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