OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← Woking Gymnastics Club

2024-09-30-accounts

Docusign Envelope ID: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

Charity number: 1152822

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

WOKING GYMNASTICS CLUB

Docusign Envelope ID: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

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 - 17
The following pages do not form part of the statutory financial statements:
Charity Detailed income and expenditure account and summaries

Docusign Envelope ID: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

WOKING GYMNASTICS CLUB

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2024

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: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

WOKING GYMNASTICS CLUB

TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024

The Trustees present their annual report together with the financial statements of the Charity for the year 1 October 2023 to 30 September 2024.

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. In addition, some of the children of trustee(s) perform non-critical roles for the Charity on a parttime, hourly paid basis.

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: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

WOKING GYMNASTICS CLUB

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

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 continued to grow during the year having successfully achieved a balance between the increasing cost of overheads and the costs levied for its services, giving all due consideration to the financial ability of its members to continue to participate.

Annual Review

During the financial year the Club has increased its level of gymnastic and community activity, with operations including:

Community activities

The Club continued to devote effort to supporting the Woking area and wider community by:

Pre-School classes

Our range of classes for under 5’s has been revised and continues to cater for a broad range of needs, providing essential social interaction via organised group activity for over 150 children each week. Marketing promotions, such as a Loyalty card, have been introduced to actively encourage attendance.

Recreational (Gymnastics for All)

Membership of our recreational programme achieved a monthly average of 780 per month, with the new classes added toward the end of the the previous year substantially over performing expectation. With each of the members attending the Club at least once per week over the year, the Club provided over 35,000 opportunities for gymnastics participation.

Other groups within the Club, such as our floor and vault group, key steps, and tumble classes continue to provide a wider membership with opportunities to compete externally, with gymnasts achieving success at local and regional competitions.

We continue to enhance our coaching teamwith additional staff and via a fully funded programme of coach / judge education and development. Our Young Leadership Academy, provided for 12 school age individuals to receive training and provides a valuable introduction to the work place.

Squad Artistic gymnastics

Yet again our Men's and Women's Squads achieved success at all levels, with success and representation achieved at regional level and with several individual gymnasts selected at English, Scottish, Irish and Great British level. Notably including members of our Women’s artistic squad for the first time.

FINANCIAL REVIEW

The Club has net assets of £452,261 (2023: £441,475) after recording a surplus of £10,786 (2023: a surplus of £12,162) for the year ended 30 September 2024. Total income for the Club was £856,707 an increase of 7% on prior year (2023: £797,565). Resources expended on the provision of gymnastic services, £845,921 increased by 8% when compared to the prior year (2023: £785,403).

Page 3

Docusign Envelope ID: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

WOKING GYMNASTICS CLUB

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024

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 for 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 acute demand for additional space continuing.

Our landlord, Woking Borough Council, has documented its support for the Clubs aspiration to secure its long-term future via the development of its Kingfield site, and has provided assurances relating to the development space required. The trustees are actively seeking progress.

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

• 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:

................................................ Line296BCBD632614BC...DocuSigned Smith-Cordowby: Lionel Smith-Gordon

Date: 03-Jul-2025

Page 4

Docusign Envelope ID: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

WOKING GYMNASTICS CLUB

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 2024.

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 2019.

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: 04-Jul-2025

Janice Matthews FCA

Menzies LLP Chartered Accountants Magna House 18-32 London Road Staines-Upon-Thames TW18 4BP

Page 5

Docusign Envelope ID: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

WOKING GYMNASTICS CLUB

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024

Note
Income from:
Membership
2
Charitable activities
3
Fundraising
4
Investments
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2024
£
80,863
757,487
17,285
1,072
856,707
845,921
845,921
10,786
441,475
10,786
452,261		 Total
funds
2024
£
80,863
757,487
17,285
1,072
856,707
845,921
845,921
10,786
441,475
10,786
452,261		 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

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 9 to 17 form part of these financial statements.

Page 6

Docusign Envelope ID: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

WOKING GYMNASTICS CLUB

BALANCE SHEET AS AT 30 SEPTEMBER 2024

2024 2023
Note £ £
Fixed assets
Tangible assets 8 83,763 83,425
83,763 83,425
Current assets
Stocks 9 - 10,210
Debtors 10 11,325 9,357
Investments 11 320,426 -
Cash at bank and in hand 76,986 382,896
408,737 402,463
Creditors: amounts falling due within one year 12 (25,649) (19,915)
Net current assets 383,088 382,548
Total assets less current liabilities 466,851 465,973
Creditors: amounts falling due after more than
one year 13 (14,590) (24,498)
Total net assets 452,261 441,475
Charity funds
Unrestricted funds 14 452,261 441,475
Total funds 452,261 441,475

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................ Lionel Smith-Gordon, Chair

03-Jul-2025 Date:

The notes on pages 9 to 17 form part of these financial statements.

Page 7

Docusign Envelope ID: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

WOKING GYMNASTICS CLUB

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2024

Note
Cash flows from operating activities
Net cash used in operating activities
15
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Cash flows from financing activities
Repayments of borrowing
Net cash used in 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
16		 2024
£
59,202
(34,778)
(34,778)
(9,908)
(9,908)
14,516
382,896
397,412		 2023
£
40,977
(35,174)
(35,174)
(9,667)
(9,667)
(3,864)
386,760
382,896

The notes on pages 9 to 17 form part of these financial statements

Page 8

Docusign Envelope ID: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

WOKING GYMNASTICS CLUB

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

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 9

Docusign Envelope ID: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

WOKING GYMNASTICS CLUB

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

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:

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 2023		 Unrestricted
funds
2024
£
80,863
67,011		 Total
funds
2024
£
80,863
67,011		 Total
funds
2023
£
67,011

Page 10

Docusign Envelope ID: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

WOKING GYMNASTICS CLUB

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. Income from charitable activities

Clothing & other Gymnastics activities
Coaching income
Total 2023		 Unrestricted
funds
2024
£
40,459
717,028
757,487
712,044		 Total
funds
2024
£
40,459
717,028
757,487
712,044		 Total
funds
2023
£
35,864
676,180
712,044

4. Fundraising income

Income from fundraising events

Gift aid tax refunded
Club festival
Other fundraising income
Donations
500 Club
Total 2023		 Unrestricted
funds
2024
£
8,331
6,659
-
341
1,954
17,285
16,786		 Total
funds
2024
£
8,331
6,659
-
341
1,954
17,285
16,786		 Total
funds
2023
£
6,498
7,223
196
180
2,689
16,786

Page 11

Docusign Envelope ID: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

WOKING GYMNASTICS CLUB

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. Analysis of expenditure by activities

Activities
undertaken
directly
2024
Support
costs
2024
£
£
Recreational Gymnastics
575,602
270,319
Total 2023
525,330
260,073
Analysis of support costs
Recreational
Gymnastics
2024
£
Staff costs
168,584
Depreciation
1,763
Establishment expenses
58,047
Office support expenses
27,979
Miscellaneous expenses
3,584
Accountancy fees
6,097
Other professional fee
4,265
270,319
Total 2023
260,073
6.
Net income/(expenditure)
Depreciation of tangible fixed assets
Independent Examiners fees
During the year, no Trustees received any remuneration (2023:£Nil).
During the year, no Trustees received any benefits in kind (2023:£Nil).		 Total
funds
2024
£
845,921
785,403
Total
funds
2024
£
168,584
1,763
58,047
27,979
3,584
6,097
4,265
270,319
260,073
2024
£
34,440
6,885		 Total
funds
2023
£
785,403
Total
funds
2023
£
159,368
2,003
52,731
27,394
4,088
6,270
8,219
260,073
2023
£
31,622
6,885

Page 12

Docusign Envelope ID: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

WOKING GYMNASTICS CLUB

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2024
£
578,822
41,366
11,921
632,109		 2023
£
533,041
37,364
10,389
580,794

The average number of persons employed by the Charity during the year was as follows:

Support and administration
Coaching staff		 2024
No.
4
51
55		 2023
No.
4
46
50

No employee received remuneration amounting to more than £60,000 in either year.

The amount of remuneration awarded to key management personnel was £285,526 which represents 6 employees. (2023: £246,468 which represents 6 employees).

Page 13

Docusign Envelope ID: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

WOKING GYMNASTICS CLUB

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. Tangible fixed assets

Cost or valuation
At 1 October 2023
Additions
At 30 September 2024
Depreciation
At 1 October 2023
Charge for the year
At 30 September 2024
Net book value
At 30 September 2024
At 30 September 2023		 Sports hall
& car park
£
93,740
-
93,740
90,642
131
90,773
2,967
3,098		 Leasehold
property

£
11,683
-
11,683
11,683
-
11,683
-
-		 Floor, foam
& equipment
£
377,626
34,778
412,404
328,673
18,464
347,137
65,267
48,953		 Office
equipment &
Fixtures
£
34,521
-
34,521
30,063
1,763
31,826
2,695
4,458		 Egley Road
equipment
£
70,360
-
70,360
43,444
14,082
57,526
12,834
26,916		 Total
£
587,930
34,778
622,708
504,505
34,440
538,945
83,763
83,425

9. Stocks

Finished goods and goods for resale
Debtors
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income
Tax recoverable		 2024
£
-
2024
£
2,843
4,541
3,941
-
11,325		 2023
£
10,210
2023
£
3,949
862
4,406
140
9,357

10. Debtors

Page 14

Docusign Envelope ID: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

WOKING GYMNASTICS CLUB

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

11. Current asset investments

Short term deposits
Creditors: Amounts falling due within one year
Bank loans
Trade creditors
Accruals and deferred income		 2024
£
320,426
2024
£
9,522
8,495
7,632
25,649		 2023
£
-
2023
£
9,522
4,757
5,636
19,915

12. Creditors: Amounts falling due within one year

13. Creditors: Amounts falling due after more than one year
2024 2023
£ £
Bank loans 14,590 24,498

Page 15

Docusign Envelope ID: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

WOKING GYMNASTICS CLUB

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

14. Statement of funds

Statement of funds - current year

Unrestricted funds
Reserves
Statement of funds - prior year
Unrestricted funds
General Funds - all funds		 Balance at 1
October 2023
£
441,475
Balance at
1 October
2022
£
429,313		 Income
£
856,707
Income
£
797,565		 Expenditure
£

(845,921)
Expenditure
£
(785,403)		 Balance at 30
September
2024
£
452,261
Balance at
30 September
2023
£
441,475

15. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the period (as per Statement of Financial Activities)
Adjustments for:
Depreciation charges
Decrease/(increase) in stocks
Decrease/(increase) in debtors
Increase/(decrease) in creditors
Net cash provided by operating activities		 2024
£
10,786
34,440
10,210
(1,968)
5,734
59,202		 2023
£
12,162
31,622
1,334
616
(4,757)
40,977

Page 16

Docusign Envelope ID: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

WOKING GYMNASTICS CLUB

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

16. Analysis of cash and cash equivalents

Cash in hand
Short term deposits
Total cash and cash equivalents		 2024
£
76,986
320,426
397,412		 2023
£
382,896
-
382,896

17. Analysis of changes in net debt

Cash at bank and in hand
Short term deposits
Debt due within 1 year
Debt due after 1 year		 At 1 October
2023
£
382,896
-
(9,522)
(24,498)
-
348,876		 Cash flows
£
(305,910)
320,426
-
9,908
-
24,424		 At 30
September
2024
£
76,986
320,426
(9,522)
(14,590)
-
373,300

18. 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 2024.

Page 17

Docusign Envelope ID: 1A6B71DB-4115-4827-866E-1C8EA6AE9295

WOKING GYMNASTICS CLUB

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024

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		 2024
£
341
80,863
8,331
-
40,459
717,028
1,954
6,659
1,072
31,451
77,937
11,966
15,597
425,978
25,490
32,677
11,921
1,763
152,708
15,876
27,522
3,584
6,097
4,265
1,089		 2024
£
856,707
834,470
11,451
10,786		 2023
£
180
67,011
6,498
196
35,864
676,180
2,689
7,223
1,724
25,707
72,430
8,757
19,857
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

Page 18