Park Wrekin College School of Gymnastics and Dance Limited Registered Charity No. 1156346 Companies House Registration No. 08703338 **Trustees Report and Financial Accounts for Year ending 31[st] March 2023** ## Park Wrekin College School of Gymnastics and Dance Limited ## Charity Information ## for Year ending 31[st] March 2023 Charity also known as Park Wrekin College Gymnastics Club Park Wrekin Gym Club Registered Charity No. 1156346 Companies House Registration No. 08703338 Correspondence address The Wood, Botvyle, All Stretton, Church Stretton, Shropshire. SY6 6JN Trustees Debbie Nicholls Hazel Arrowsmith Kay Woolrich Christine Still Brett Ince Jemma Parry Brett Racher Samantha Paddock Independent Examiner Mr James Coats, 15 Bayley Hills, Edgemond, Newport, Shropshire TF10 8JG Bankers CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent. ME19 4JQ The Trustees present their report and accounts for the year ended 31[st] March 2023. The charity is governed by its Articles of Association adopted on 1[st] April 2014. Its objective is to provide for young persons in the Wrekin District and surrounding area, facilities to encourage and develop their participation in gymnastics and dance. The trustees, together with representatives from coaching staff and gymnasts meet regularly to manage the charities affairs. Our Elite Programme led by Brett Ince has been very impressive this year We have become British Team Champions again with our Junior Team taking the Silver Medal in their Section. Alice Kinsella has become British Senior All Around Champion. Helena Finc has become British Aspire All Around Champion. Alice was part of the GB team that took the Silver medal at the World Championship and individually was 4th in the World. All other sections of the club have performed well. We achieved our target membership of 1,000 with waiting lists for most classes. We have expanded our coaching and administrative staff to ensure we continue to run efficiently. The statement of financial activity has been prepared in accordance with the statutory provisions and code of practice which apply to registered charities. The accounting statements have been reviewed by an independent examiner and are attached to this report. The Club has recorded a profit of £23,255 for the year ended 31[st] March 2023. All costs are regularly monitored by the management committee and prompt actions taken at an early stage to deal with any unexpected developments Finally the Trustees would like to thank the many volunteers who have been involved in organising, managing and raising funds for the club over the year; our success is only possible because of their outstanding dedication and support. Approved by the trustees and signed on their behalf by, . . . . . . . . . . . . . . . . . . Kay Woolrich (Trustee/Chair) Date: . . . . . . . . . . . . . . . . . **PARK WREKIN COLLEGE SCHOOL OF GYMNASTICS AND DANCE LIMITED (CHARITY NO. 1156346 COMPANY NO. 08703338)** ## **STATEMENT OF FINANCIAL ACTIVITY FOR THE YEAR ENDED 31ST MARCH 2023** |**Note**
**INCOME AND EXPENDITURE**
**Incoming Resources**
Subscriptions
Pre-School
Fund Raising
Sale of Goods
Donations
Grants received
Courses
Rental Income
Interest Received
Sundry income
**Total Incoming Resources**
**Resources Expended**
**Direct Charitable Expenditure**
Provision of Gymnastics and Dance Training
**Other Expenditure**
Gymnasium Charlton Sports Hall
Management and Administration
**Total Sources Expended**
**NET OUT GOING RESOURCES BEFORE TRANSFERS**
Transfers between Fund
**NET OUTGOING RESOURCES FOR THE YEAR**
Fund balance brought forward @ 1st April 2021
**FUND BALANCE CARRIED FORWARD AT 31ST MARCH 2022**|**31.03.23**
**31.03.23**
**31.03.23**
**31.03.22**
515,684
515,684
453,900
36,215
36,215
30,055
985
985
1,394
11,312
11,312
40,628
2,200
2,200
-
-
20,390
15,286
15,286
14,934
9,570
9,570
6,100
943
943
7
8,193
8,193
3,045
**General Funds**
**Restricted**
**Funds**
**Total Funds Total Funds**| |---|---| ||600,388
-
600,388
570,453| ||455,845
-
455,845
407,226
49,499
-
49,499
39,730
71,789
-
71,789
71,564| ||577,134
-
577,134
518,520| ||23,255
-
23,255
51,933
-
-
-
-| ||23,255
-
23,255
51,933
226,064
-
226,064
174,131| ||249,319
-
249,319
226,064| **1 of 5** ## **PARK WREKIN COLLEGE SCHOOL OF GYMNASTICS AND DANCE LIMITED (CHARITY NO. 1156346 COMPANY NO. 08703338)** |**NOTES**
**1. Grants Received**
Telford & Wrekin Coucil - Sports Grants
British Gymnastics
**2. Provision of Gymnastics and Dance Training**
**Coach’s expenses**
PAYE, NI & Pension
Pre-School
Lilleshall Sports Hall expense
Coaches & Club insurance
Gymnast Training Camps
Competition
Coach/Judge Training
Equipment maintenance/renewals
Depreciation of equipment
**3. Gymnasium Charlton Sports Hall**
Charlton Sports Hall Build & Maintenance
Utilities
Cleaning
Premises Insurance
Legal Consultancy & Professional Expenses
**4. Management and Administration**
Purchase of resale goods (w/o redundant stock)
Marketing/Advertising
Administration
Sundry expenses|**31.03.23**
**31.03.23**
**31.03.23**
**31.03.22**
- 12,390
- 8,000
398,785
398,785
331,352
10,528
10,528
13,270
-
11
18,504
18,504
7,728
1,767
1,767
1,013
-
222
14,847
14,847
7,170
289
289
727
69
69
2,902
11,057
11,057
42,830
**General Funds**
**Restricted**
**Funds**
**Total Funds Total Funds**| |---|---| ||455,845
455,845
407,226| ||16,154
16,154
14,760
27,720
27,720
18,842
4,338
4,338
4,878
667
667
1,250
619
619
-| ||49,499
49,499
39,730| ||16,488
16,488
17,871
10
10
28
41,361
41,361
39,824
13,930
13,930
13,840| ||71,789
71,789
71,564| **2 of 5** ## **PARK WREKIN COLLEGE SCHOOL OF GYMNASTICS AND DANCE LIMITED (CHARITY NO. 1156346 COMPANY NO. 08703338)** ||**BALANCE SHEET AS AT**|**BALANCE SHEET AS AT**||||| |---|---|---|---|---|---|---| ||**31ST MARCH 2023**|||||| |||**31.03.23**||**31.03.22**||| ||**General Funds**|||**General Funds**||| |**FIXED ASSESTS:**||||||| |Gymnastics equipment|||16,862||14,881|| |**CURRENT ASSESTS:**||||||| |**Stock**|23,090|||20,936||| |**Gymnast Pre Payments**||||||| |**Cash in hand**|35|||35||| |**CAF Bank PLC**||||||| |**- Current Account**|38,047|||103,923||| |- Gold Savings Account|150,082|||40,827||| |- Fund Raising Account|11,678|||10,812||| |- Wages|17,721|||30,458||| |- Scottish Widows 7 Day Notice Account|1,009|||1,006||| ||||241,661||207,996|| |**CURRENT LIABILITIES:**||||||| |Accrued expenses|||5,375|-|5,032
|| |PAYE to pay to HMRC|||3,145||1,824|| |Net Wages||||-||0
| |Pension|||684|||21| ||||9,204|-|3,187
|| ||||249,319||226,064|| |**FINANCED BY:**||||||| |**CAPITAL ACCOUNT**||||||| |**Balance brought forward**|226,064|||174,131||| |Add: Surplus of income over expenditure|23,255|||51,933||| ||||249,319||226,064|| **3 of 5** ## **PARK WREKIN COLLEGE SCHOOL OF GYMNASTICS AND DANCE LIMITED (CHARITY NO. 1156346 COMPANY NO. 08703338)** **TANGIBLE FIXED ASSESTS SCHEDULE 31ST MARCH 2023** |**COST**
**At 1st April 2022**
Additions
At 31st March 2023
**DEPRECIATION**
**At 1st April 2022**
Charge for year
At 31st March 2023
**NET BOOK VALUE**
**At 1st April 2022**
At 31st March 2023|275,242
13,037
**Gymnastic**
**Equipment**| |---|---| ||288,280| ||260,361
11,057| ||271,418| ||14,881| ||16,862| **4 of 5** ## **PARK WREKIN COLLEGE SCHOOL OF GYMNASTICS AND DANCE LIMITED (CHARITY NO. 1156346 COMPANY NO. 08703338)** **CURRENT ASSESTS SCHEDULE 31ST MARCH 2023** ## **STOCKS** |Opening value as at 1st April 2022
Stock movements: 01/04/2022 - 31/03/2023
Closing Stock as at 31st March 2023|20,936
2,155| |---|---| ||23,090| **5 of 5** Dante- Registered Charity Mth 1156346, Companies House Reglstration No. 08703338 I report on the accounts of the for the year ended 31 March 2023, which are set out on pages 01 to 05 attached. Respective ￿SponSIbl11t1eS of t￿￿ee5 and examiner The charity's trustees are responsible forthe prepardtion of the accounts. The charity's trustees consider that an audit is not required for this year under section 14412} of the Charities Act 2011 {the 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the accounts under Section 145 of the 2011 Act,- to follow the procedures laid down in the general Directions gNen by the Charty Commission under section 14515llbl of the 2011 Act: and to state whether particular matters have come to my attention. Basls of independent examlnerfs report My examination was carried out in accordan￿ with the general Directions given by the Charity Commission. An examination includes a review of the accounting retords kept by the charity and a comparison of the accounts p￿sented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audrt and consequently no opinion ts given as to whetherthe accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examinees statement In connection with my examination, no matter has come to my attention: 111 which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 130 of the 2011 Act: and to prepare accounts which accord wrth the accounting records and comply with the accounting requirements of the 2011 Aci have not been met; or (21 to which. in my opinion. attention slK>uld be drawn in order to enable a proper understanding of the accounts to be reached. Signed:..... £3 Name- James Coats Relevant professional qualification or l￿dY lrfany): FCCA Address: 15, Bayley Hills, Edgemond. Newport. Shropshlre. TFIO 8JG