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 31st March 2024 Park Wrekin College School of Gymnastics and Dance Limited Charity Information for Year ending 31st March 2024 Charity also known as Park Wrekin College Gymnastics Club Park Wrekin Gym Club Registered Charity No. 1156346 Companies House Registration No. 08703338 Correspondentr address The Wood, Botvyle, All Stretton, Church stretton, Shropshire. SY6 6JN Trust￿5 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 TFIO 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 315t March 2024. The charity is governed by its Articles of Association adopted on 1st 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 dan￿. 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. The club achieved a 3rd place in the British Team Championship, without Ali Kinsella, who had helped GB at the World Championship taking 5th place individually. Helena Finc has become British Aspire All Around Champion for the 2nd year. We have more than 50 gymnasts competing at various levels, as well as very popular beginner, recreational and improver classes. All sections of the club have performed well. We achieved our target membership of over 1,000 with waiting lists for most classes. The Pre-school programme has built steadily, and 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 £1,053 for the year ended 31st March 2024. AII costs are regularly monitored by the management committee and prompt actions tsken 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: J%. ## **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 2024** |**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 2023
**FUND BALANCE CARRIED FORWARD AT 31ST MARCH 2024**|**31.03.24**
**31.03.24**
**31.03.24**
**31.03.23**
572,570
572,570
515,684
47,413
47,413
36,215
3,285
3,285
985
22,866
22,866
11,312
-
2,200
2,500
2,500
29,351
29,351
15,286
12,589
12,589
9,570
3,665
3,665
943
16,949
16,949
8,193
711,189
-
711,189
600,388
569,687
-
569,687
455,845
79,136
-
79,136
49,499
61,313
-
61,313
71,789
710,136
-
710,136
577,134
1,053
-
1,053
23,255
-
-
-
-
1,053
-
1,053
23,255
249,319
-
249,319
226,064
250,372
-
250,372
249,319
**General Funds**
**Restricted**
**Funds**
**Total Funds Total Funds**| |---|---| **1 of 5** **PARK WREKIN COLLEGE SCHOOL OF GYMNASTICS AND DANCE LIMITED (CHARITY NO. 1156346 COMPANY NO. 08703338)** |**NOTES**
**1. Grants Received**
British Gymnastics
**2. Provision of Gymnastics and Dance Training**
PAYE, NI & Pension
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
Computer & Software
Administration
Sundry expenses|**31.03.24**
**31.03.24**
**31.03.24**
**31.03.23**
2,500
2,500
492,646
492,646
398,785
25,359
25,359
10,528
16,631
16,631
18,504
1,190
1,190
1,767
-
22,214
22,214
14,847
420
420
289
1,964
1,964
69
9,263
9,263
11,057
569,687
569,687
455,845
23,755
23,755
16,154
49,675
49,675
27,720
5,013
5,013
4,338
-
667
692
692
619
79,136
79,136
49,499
14,264
14,264
16,488
-
10
909
38,284
38,284
41,361
7,855
7,855
13,930
61,313
60,404
71,789
**General Funds**
**Restricted**
**Funds**
**Total Funds Total Funds**| |---|---| **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**|**BALANCE SHEET AS AT**|||| |---|---|---|---|---|---|---| ||**31ST MARCH 2024**|||||| ||||**31.03.24**||**31.03.23**|| ||**General Funds**||||**General Funds**|| |**FIXED ASSESTS:**||||||| |Gymnastics equipment||||12,693||16,862| |**CURRENT ASSESTS:**||||||| |**Stock**|20,722||||23,090|| |**Gymnast Pre Payments**||||||| |**Cash in hand**||35|||35|| |**CAF Bank PLC**||||||| |**-**Current Account|53,848||||38,047|| |- Gold Savings Account|174,252||||150,082|| |- Fund Raising Account|245||||11,678|| |- Wages|1,894||||17,721|| |- Scottish Widows 7 Day Notice Account|-||||1,009|| |||||250,995||241,661| |**CURRENT LIABILITIES:**||||||| |Accrued expenses|||-|550
||5,375| |Trade Creditors||||3,524||| |PAYE to pay to HMRC||||10,342||3,145| |Net Wages||||||| |Pension||||||684| |||||13,316||9,204| |||||250,372||249,319| |**FINANCED BY:**||||||| |**CAPITAL ACCOUNT**||||||| |Balance brought forward|249,319||||226,064|| |Add: Surplus of income over expenditure|1,053||||23,255|| |||||250,372||249,319| **3 of 5** ## **PARK WREKIN COLLEGE SCHOOL OF GYMNASTICS AND DANCE LIMITED (CHARITY NO. 1156346 COMPANY NO. 08703338)** **TANGIBLE FIXED ASSESTS SCHEDULE 31ST MARCH 2024** **----- Start of picture text -----**
Gymnastic
Equipment
COST
At 1st April 2023 288,280
Additions 5,094
At 31st March 2024 293,373
DEPRECIATION
At 1st April 2023 271,418
Charge for year 9,263
At 31st March 2024 280,681
NET BOOK VALUE
At 1st April 2023 16,862
At 31st March 2024 12,693
**----- End of picture text -----**
**4 of 5** ## **PARK WREKIN COLLEGE SCHOOL OF GYMNASTICS AND DANCE LIMITED (CHARITY NO. 1156346 COMPANY NO. 08703338)** **CURRENT ASSESTS SCHEDULE 31ST MARCH 2024** ## **STOCKS** |Opening value as at 1st April 2023
Stock movements: 01/04/2023 - 31/03/2024
Closing Stock as at 31st March 2024|23,090
2,368
-
20,722| |---|---| **5 of 5** I report on the accounts of the Trust for the year ended 31" March 2024, whlch are set out on pages 01 to 05 attached. Respective resFx)nsibilities of trustees aNI examiner The charwty's trustees are ￿sponsible for the preparntion of the account* Tr charity's trustees consider that an audit is not required for this year under sertion 14412) of the Charities Act 1011 (the 2011 Act) and that an independent examinat*?n is needed. It is my resw)nsibility to: examine the accounts under settion 145 of the 2011 Act. to follow the procedures latd down in the general Directions given by the Charity Commission under section 145(5)Ib) of the 2011 Art; and to state whether particular matters have come to my attentlon. Bas￿ of ifKlependent examinerfs report My examination ￿ds carrled out In accordance with the general Direction5 given by the Chartty Commission. An examinatK)n includes a review of the accounting record5 kept by the charity and a comparison of the accounts presented with those records. It a150 includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustee5 concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequentty no opinion is given as to whether the accounts present a 'true and fair view, and the report is limsted to those matters Set out in the statement below. Independent exarninees Statement In connection with my examination, no matter has come to my attention: {1) which gives me ￿asonable 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 with the accounting records and compty with the accounting requirements of the 2011 Art have not been met. or 12) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed:...... .1611212024 . Narne: James Coats Relevant professional qualification or body (if ary): FCCA Address: 15, Bayley Hills, EdgmorKI. Newport. Shropshire, TFIO 8JG