DocuSign Envelope ID: 49E9D9CA-C807-449E-8CFA-CDCC975E7275 Charity number: 1152822 TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 WOKING GYMNASTICS CLUB **==> picture [196 x 50] intentionally omitted <==** DocuSign Envelope ID: 49E9D9CA-C807-449E-8CFA-CDCC975E7275 ## 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| |**Notes to the financial statements**|8 - 14| |The following pages do not form part of the statutory financial statements:|| |**Charity Detailed income and expenditure account and summaries**|| DocuSign Envelope ID: 49E9D9CA-C807-449E-8CFA-CDCC975E7275 ## WOKING GYMNASTICS CLUB ## REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2023 **Trustees** Lionel Smith-Gordon, Chair Claire Beesly, Vice Chair James Porter, Secretary Barry Rees, Treasurer Finn Chu, Trustee **Charity registered number** 1152822 **Principal office** Kingfield Road Woking Surrey GU22 9AA **Accountants** Menzies LLP Chartered Accountants Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP **Bankers** HSBC Bank plc 12A North Street Guildford Surrey GU1 4AF **Independent Examiner** Janice Matthews FCA Menzies LLP Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP Page 1 DocuSign Envelope ID: 49E9D9CA-C807-449E-8CFA-CDCC975E7275 ## WOKING GYMNASTICS CLUB ## TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 The Trustees present their annual report together with the financial statements of the Charity for the year 1 October 2022 to 30 September 2023. ## **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 the 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. Page 2 DocuSign Envelope ID: 49E9D9CA-C807-449E-8CFA-CDCC975E7275 ## WOKING GYMNASTICS CLUB TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 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 has enjoyed a full year of operations, with continued growth, whilst being mindful of the current financial climate and its effect in increasing Club overheads together with its impact on the ability of Club members to continue to participate. ## **Annual Review** With the Club seeking to maximise activity levels 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 additional educational needs. ## **Pre-School classes** 22 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 benefiting, on average, over 150 for children per week in this sector. ## **Recreational (Gymnastics for All)** Our recreational programme continues to provide a range of classes to suit all ages and abilities, with new classes added toward the end of the financial year, to satisfy demand, membership has risen from 650 members in the previous year to 770 members partticipating on a weekly basis. Holiday courses continue to prove popular and to provide an additional revenue stream. Other groups within the Club, such as our floor and vault group, key steps, and new tumble classes 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 coaching and judging qualifications. ## **Squad Artistic gymnastics** Our Men's and Women's Squads have achieved success at all levels. Squads have achieved team success at regional level and several individual gymnasts have gone on to be selected at English, Scottish, Irish and Great Britain level. ## **FINANCIAL REVIEW** The Club has net assets of £441,475 (2022: £429,313) after recording a surplus of £12,162 (2022: a surplus of £34,860) for the year ended 30 September 2023. Total income for the Club was £797,565 an increase of 10% on prior year (2022: £724,062). Resources expended on the provision of gymnastic services, £785,403 increased by 14% when compared to the prior year (2022: £689,202). Page 3 DocuSign Envelope ID: 49E9D9CA-C807-449E-8CFA-CDCC975E7275 ## WOKING GYMNASTICS CLUB ## TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 ## **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 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 Club continues to operate from its main facility on Kingfield Road, supported by the additional site at Egley Road for the Club’s Elite Gymnastics programme, with the demand for additional space increasing. The trustees continue to believe that the long-term future of the Club can be secured by the development of a larger facility. Woking Borough Council continue to support us as, having exhausted all other known possibilities, we now seek to develop suitable proposals for development within the boundary of our current site at Kingfield. ## **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** Date: 03-Jul-2024 Page 4 DocuSign Envelope ID: 49E9D9CA-C807-449E-8CFA-CDCC975E7275 ## WOKING GYMNASTICS CLUB **==> picture [95 x 24] intentionally omitted <==** ## INDEPENDENT EXAMINER'S 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 2023. ## **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 the Institute of Chartered Accountants 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: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. 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: Dated: Janice Matthews FCA Menzies LLP Chartered Accountants Magna House 18-32 LondonRoad Staines-Upon-Thames TW18 4BP Page 5 DocuSign Envelope ID: 49E9D9CA-C807-449E-8CFA-CDCC975E7275 ## WOKING GYMNASTICS CLUB ## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023 |**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**
**2023**
**£**
**67,011**
**712,044**
**16,786**
**1,724**
**797,565**
**785,403**
**785,403**
**12,162**
**429,313**
**12,162**
**441,475**|**Total**
**funds**
**2023**
**£**
**67,011**
**712,044**
**16,786**
**1,724**
**797,565**
**785,403**
**785,403**
**12,162**
**429,313**
**12,162**
**441,475**|_Total_
_funds_
_2022_
_£_
_65,175_
_643,576_
_15,256_
_55_| |---|---|---|---| ||||_724,062_| ||||_689,202_| ||||_689,202_| ||||_34,860_| ||||_394,453_
_34,860_| ||||_429,313_| The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 8 to 14 form part of these financial statements. Page 6 DocuSign Envelope ID: 49E9D9CA-C807-449E-8CFA-CDCC975E7275 ## WOKING GYMNASTICS CLUB ## BALANCE SHEET AS AT 30 SEPTEMBER 2023 |**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**|**10,210**
**9,357**
**382,896**
**402,463**
**(19,915)**|**2023**
**£**
**83,425**
**83,425**
**382,548**
**465,973**
**(24,498)**
**441,475**
**441,475**
**441,475**|_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_| The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: **==> picture [127 x 37] intentionally omitted <==** ................................................ **Lionel Smith-Gordon, Chairman** ## Date: 03-Jul-2024 The notes on pages 8 to 14 form part of these financial statements. Page 7 DocuSign Envelope ID: 49E9D9CA-C807-449E-8CFA-CDCC975E7275 ## WOKING GYMNASTICS CLUB ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 ## **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. Page 8 DocuSign Envelope ID: 49E9D9CA-C807-449E-8CFA-CDCC975E7275 ## WOKING GYMNASTICS CLUB ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 ## **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 - Egley Road equipment 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 2022_|**Unrestricted**
**funds**
**2023**
**£**
67,011
_65,175_|**Total**
**funds**
**2023**
**£**
**67,011**
_65,175_|_Total_
_funds_
_2022_
_£_
_65,175_| |---|---|---|---| ||||| Page 9 DocuSign Envelope ID: 49E9D9CA-C807-449E-8CFA-CDCC975E7275 ## WOKING GYMNASTICS CLUB ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 ## **3. Income from charitable activities** |Clothing & other Gymnastics activities
Coaching income
_Total 2022_|**Unrestricted**
**funds**
**2023**
**£**
35,864
676,180
712,044
_643,576_|**Total**
**funds**
**2023**
**£**
**35,864**
**676,180**
**712,044**
_643,576_|_Total_
_funds_
_2022_
_£_
_31,690_
_611,886_| |---|---|---|---| ||||_643,576_| ||||| ## **4. Fundraising income** ## **Income from fundraising events** |Gift aid tax refunded
Club festival
Other fundraising income
Donations
500 Club
_Total 2022_|**Unrestricted**
**funds**
**2023**
**£**
6,498
7,223
196
180
2,689
16,786
_15,256_|**Total**
**funds**
**2023**
**£**
**6,498**
**7,223**
**196**
**180**
**2,689**
**16,786**
_15,256_|_Total_
_funds_
_2022_
_£_
_7,447_
_5,718_
_22_
_100_
_1,969_| |---|---|---|---| ||||_15,256_| ||||| Page 10 DocuSign Envelope ID: 49E9D9CA-C807-449E-8CFA-CDCC975E7275 ## WOKING GYMNASTICS CLUB ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 ## **5. Analysis of expenditure by activities** |Recreational Gymnastics
_Total 2022_
**Analysis of support costs**
Staff costs
Depreciation
Establishment expenses
Office support expenses
Miscellaneous expenses
Accountancy fees
Other professional fee
_Total 2022_|**Activities**
**undertaken**
**directly**
**2023**
**£**
506,104
_443,349_|**Support**
**costs**
**2023**
**£**
279,299
_245,853_
**Recreational**
**Gymnastics**
**2023**
**£**
159,368
2,003
71,957
27,394
4,088
6,270
8,219
279,299
_245,853_|**Total**
**funds**
**2023**
**£**
**785,403**
_689,202_
**Total**
**funds**
**2023**
**£**
**159,368**
**2,003**
**71,957**
**27,394**
**4,088**
**6,270**
**8,219**
**279,299**
_245,853_|_Total_
_funds_
_2022_
_£_
_689,202_| |---|---|---|---|---| |||||_Total_
_funds_
_2022_
_£_
_149,891_
_793_
_55,206_
_24,182_
_3,163_
_9,730_
_2,888_| |||||_245,853_| |||||| Page 11 DocuSign Envelope ID: 49E9D9CA-C807-449E-8CFA-CDCC975E7275 ## WOKING GYMNASTICS CLUB ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 ## **6. Net income/(expenditure)** ||**2023**|_2022_| |---|---|---| ||**£**|_£_| |Depreciation of tangible fixed assets|**31,622**|_30,859_| |Independent Examiners fees|**6,885**|_6,259_| During the year, no Trustees received any remuneration (2022:£Nil). During the year, no Trustees received any benefits in kind (2022:£Nil). ## **7. Staff costs** |Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2023**
**£**
**533,041**
**37,364**
**10,389**
**580,794**|_2022_
_£_
_474,023_
_31,818_
_8,798_| |---|---|---| |||| |||_514,639_| The average number of persons employed by the Charity during the year was as follows: |Support and administration
Coaching staff|**2023**
**No.**
**4**
**46**
**50**|_2022_
_No._
_4_
_34_| |---|---|---| |||| |||_38_| No employee received remuneration amounting to more than £60,000 in either year. The amount of remuneration awarded to key management personnel was £246,468 which represents 6 employees. (2022: £115,208 which represents 2 employees). Page 12 DocuSign Envelope ID: 49E9D9CA-C807-449E-8CFA-CDCC975E7275 ## WOKING GYMNASTICS CLUB ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 ## **8. Tangible fixed assets** |**Cost or valuation**
At 1 October 2022
Additions
At 30 September 2023
**Depreciation**
At 1 October 2022
Charge for the year
At 30 September 2023
**Net book value**
At 30 September 2023
_At 30 September 2022_|**Sports hall**
**& car park**
**£**
**90,603**
**3,137**
**93,740**
**88,718**
**1,924**
**90,642**
**3,098**
_1,885_|**Leasehold**
**property**
**£**
**11,683**
**-**
**11,683**
**11,534**
**149**
**11,683**
**-**
_149_|**Floor, foam**
**& equipment**
**£**
**346,808**
**30,818**
**377,626**
**314,772**
**13,901**
**328,673**
**48,953**
_32,036_|**Office**
**equipment &**
**Fixtures**
**£**
**33,302**
**1,219**
**34,521**
**28,505**
**1,558**
**30,063**
**4,458**
_4,797_|**Egley Road**
**equipment**
**£**
**70,360**
**-**
**70,360**
**29,354**
**14,090**
**43,444**
**26,916**
_41,006_|**Total**
**£**
**552,756**
**35,174**
**587,930**
**472,883**
**31,622**
**504,505**
**83,425**
_79,873_| |---|---|---|---|---|---|---| ## **9. Stocks** |Finished goods and goods for resale
**10.**
**Debtors**
**Due within one year**
Trade debtors
Other debtors
Prepayments and accrued income
Tax recoverable|**2023**
**£**
**10,210**
**2023**
**£**
**3,949**
**862**
**4,406**
**140**
**9,357**|_2022_
_£_
_11,544_| |---|---|---| |||_2022_
_£_
_4,214_
_553_
_5,066_
_140_| |||| |||_9,973_| Page 13 DocuSign Envelope ID: 49E9D9CA-C807-449E-8CFA-CDCC975E7275 ## WOKING GYMNASTICS CLUB ## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 ## **11. Creditors: Amounts falling due within one year** |Bank loans
Trade creditors
Accruals and deferred income|**2023**
**£**
**9,522**
**4,757**
**5,636**
**19,915**|_2022_
_£_
_9,522_
_9,835_
_5,315_| |---|---|---| |||| |||_24,672_| ## **12. Creditors: Amounts falling due after more than one year** ||**2023**|_2022_| |---|---|---| ||**£**|_£_| |Bank loans|**24,498**|_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 2022**
**£**
**429,313**
_Balance at_
_1 October_
_2021_
_£_
_394,453_|**Income**
**£**
**797,565**
_Income_
_£_
_724,062_|**Expenditure**
**£**
**(785,403)**
_Expenditure_
_£_
_(689,202)_|**Balance at 30**
**September**
**2023**
**£**
**441,475**| |---|---|---|---|---| |||||_Balance at_
_30 September_
_2022_
_£_
_429,313_| ## **14. Related party transactions** The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 30 September 2023. Page 14 DocuSign Envelope ID: 49E9D9CA-C807-449E-8CFA-CDCC975E7275 ## WOKING GYMNASTICS CLUB ## INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023 |**Income**
Donation
Membership Subscriptions
Gift aid tax recovered
Other fundraising income
Clothing & other gymnastic activities
Coaching income
500 Club
Club festival
Other miscellaneous income
**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 for the reporting period**|**2023**
**£**
**180**
**67,011**
**6,498**
**196**
**35,864**
**676,180**
**2,689**
**7,223**
**1,724**
**25,707**
**91,656**
**8,757**
**631**
**382,696**
**22,446**
**29,620**
**10,389**
**2,003**
**150,345**
**14,918**
**27,395**
**4,088**
**6,270**
**8,218**
**264**|**2023**
**£**
**797,565**
**770,651**
**14,752**
**12,162**|_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_| Page 15