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|||||Page||
|---|---|---|---|---|---|
|Report ofthe Trustees|||I|to|4|
|Independent
Examiner's|Report|||||
|Statement ofFinancial|Activities|||||
|Balance Sheet|||7|to|8|
|Cash Flow Statement||||||
|Notes to the Cash Flow|Statement|||10||
|Notes to the Financial Statements|||11|to|21|
|Detailed Statement ofFinancial||Activities|22|to|23|
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##
||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
|||||Notes|||||
|INCOMF. AND FNDOWMFNTS|||FROM||||||
|Donations
and legacies||||||||3,294|
|Charitable
activities|||||||||
|Memberships|||||53,942||53,942|62,967|
|General classes|||||703,392||703,392|623,049|
|Merchandise
sales|||||17,484||17,484|18,300|
|Gymnastics
squad|fees|and event income|||165,435||165,435|109,046|
|Investment
income|||||879||879|30|
|Total|||||941,132||941,132|816,686|
|EXPENDITURE|ON||||||||
|Raising funds|||||||||
|Raising donations|and|legacies||6|4,361||4,361|5,198|
||||||4,361||4,361|5,198|
|Charitable
activities|||||||||
|Charitable
activities|||||758,614||758,614|670,419|
|Other|||||16,366||16,366|8,961|
|Total|||||779,341||779,341|684,578|
|NET INCOME|||||161,791||161,791|132,108|
|RECONCILIATION||OF FUNDS|||||||
|Total funds brought
forward|||||360,437|4,500|364,937|232,829|
|TOTAL FUNDS|CARRIED FORWARD||||522,228|4,500|526,728|364,937|
##
|||||2023|2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Tangible
assets|13|123,513||123,513|60,902|
|CURRENT ASSETS||||||
|Stocks|14|200||200|200|
|Debtors|15|90,369|4,500|94,869|134,066|
|Cash at bank and in hand||441,583||441,583|316,948|
|||532,152|4,500|536,652|451,214|
|CREDITORS||||||
|Amounts
falling due within one year|16|(133,437)||(133,437)|(114,679)|
|NET CURRENT ASSETS||398,715|4,500|403,215|336,535|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||522,228|4,500|526,728|397,437|
|CREDITORS||||||
|Amounts
falling due after more than one year|17||||(32,500)|
|NET ASSETS||522,228|4,500|526,728|364,937|
|FUNDS|19|||||
|Unrestricted
funds||||522,228|360,437|
|Restricted funds||||4,500|4,500|
|TOTAL FUNDS||||526,728|364,937|
##
||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Notes|||
|Cash flows from operating||activities|||||
|Cash generated
from operations|||||245,233|65,852|
|Interest paid|||||(833)|(1,077)|
|Net cash provided
by operating
activities|||||244,400|64,775|
|Cash flows from investing||activities|||||
|Purchase oftangible
fixed|assets||||(78,144)|(4,773)|
|Interest received|||||879|30|
|Net cash used in investing|activities||||(77,265)|(4,743)|
|Cash flows from financing||activities|||||
|Loan repayments
in year|||||(42,500)|(7,500)|
|Net cash used in financing|activities||||(42,500)|(7,500)|
|Change
in cash and cash|equivalents||in||||
|the reporting
period|||||124,635|52,532|
|Cash and cash equivalents||at the|||||
|beginning
ofthe reporting||period|||316,948|264,416|
|Cash and cash equivalents||at the end|of||||
|the reporting
period|||||441,583|316,948|
||RECONCILIATION|RECONCILIATION|OF NET INCOME TO NET CASH FLOW FROM|OF NET INCOME TO NET CASH FLOW FROM|OPERATING ACTIVITIES|OPERATING ACTIVITIES|
|---|---|---|---|---|---|---|
||||||2023|2022f|
||Net income for the|reporting||period (as per the Statement ofFinancial|||
||Activities)||||161,791|132,108|
||Adjustments
for:||||||
||Depreciation
charges||||15,533|7,884|
||Interest received||||(879)|(30)|
||Interest paid||||833|1,077|
||Decrease/(increase)|in|debtors||39,197|(75,486)|
||Increase
in creditors||||28,758|299|
||Net cash provided|by|operations||245,233|65,852|
|2.|ANALYSIS OF CHANGES|||[N NET FUNDS|||
|ANALYSIS OF CHA|N|GES [N NET FUNDS||||
|---|---|---|---|---|---|
||||At 1.8.22|Cash flow|At 31.7.23|
|Net cash||||||
|Cash at bank and in hand|||316,948|124,635|441,583|
||||316,948|124,635|441,583|
|Debt||||||
|Debts falling due within||1 year|(10,000)|10,000||
|Debts falling due after|1|year|(32,500)|32,500||
||||(42,500)|42,500||
|Total|||274,448|167,135|441,583|
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|3.|DONATIONS|DONATIONS|DONATIONS|AND LEGACIES|AND LEGACIES|AND LEGACIES|AND LEGACIES|||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2023|2022|
||Donations||||||||||733|
||Grants||||||||||2,561|
||||||||||||3,294|
||Grants received,|||included||in|the above, are as follows:|||||
|||||||||||2023|2022|
||Men's Artistic||Development||||Grant||||2,000|
||Government|grants|||including||the Job Retention||Scheme||561|
||||||||||||2,561|
|4.|INVESTMENT INCOME|||||||||||
|||||||||||2023|2022|
||Interest receivable|||||||||879|30|
||INCOME|FROM|||CHARITABLE ACTIVITIES|||||||
|||||||||||2023|2022|
||||||||Activity|||f,||
||Membership||fees||||Memberships|||53,942|62,967|
||Class fees||||||General classes|||703,392|623,049|
||Kit sales||||||Merchandise|sales||17,484|18,300|
||Squad fees|and||event income|||Gymnastics|squad fees and event income||165,435|109,046|
|||||||||||940,253|813,362|
|6.|RAISING|DONATIONS||||AND LEGACIES||||||
|||||||||||2023|2022|
||Support costs|||||||||4,361|5,198|
##
##
||||||||||Support||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Direct|costs (see||
|||||||||Costs|note 8)|Totals|
||Charitable|activities||||||675,743|82,871|758,614|
|8.|SUPPORT|COSTS|||||||||
|||||||||Management|Finance|Totals|
||Raising donations|||and|legacies|||4,134|227|4,361|
||Charitable|activities||||||78,556|4,315|82,871|
|||||||||82,690|4,542|87,232|
||Support costs, included||||in the above, are|as follows:|||||
||||||||||2023|2022|
|||||||Raising|||||
|||||||donations|||||
|||||||and||Charitable|Total|Total|
|||||||legacies||activities|activities|activities|
||||||||||f||
||Wages|||||2,571||48,850|51,421|67,056|
||Social security||||||54|1,028|1,082|3,626|
||Pensions||||||24|460|484|1,064|
||Consultancy||fees||||901|17,120|18,021|17,136|
||Telephone||||||64|1,224|1,288|1,311|
||Once costs||||||199|3,776|3,975|4,006|
||Sundries||||||6|113|119|13|
||Independent||examiners||fees||315|5,985|6,300|6,680|
||Bank charges||||||227|4,315|4,542|3,057|
|||||||4,361||82,871|87,232|103,949|
|9.|NET INCOME/(EXPENDITURE)||||||||||
||Net income/(expenditure)||||is stated aller charging/(crediting):||||||
||||||||||2023|2022|
||Depreciation||- owned assets||||||15,533|7,885|
||Independent||examiner's||fees for the audit|ofthe financial|statements||3,000|3,000|
||Independent||examiner's||fees for non-audit|services|||3,680|3,680|
##
##
##
|11.|STAFF COSTS||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||Wages and salaries||||433,426|394,928|
||Social security costs||||25,078|23,458|
||Other pension costs||||8,812|6,267|
||||||467,316|424,653|
||The average
monthly|number ofemployees||during the year was as follows:|||
||||||2023|2022|
||Administrative
employees||||7|7|
||Coaches||||24|24|
||||||31|31|
||No employees
received emoluments||in excess of860,000.||||
|12.|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||
|||||Unrestricted|Restricted|Total|
|||||funds|funds|funds|
|||||f|f||
||INCOME AND ENDOWMENTS||FROM||||
||Donations
and legacies|||1,294|2,000|3,294|
||Charitable
activities||||||
||Memberships|||62,967||62,967|
||General classes|||623,049||623,049|
||Merchandise
sales|||18,300||18,300|
||Gymnastics
squad fees and event income|||109,046||109,046|
||Investment
income|||30||30|
||Total|||814,686|2,000|816,686|
##
|12.|COMPARATIVES|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES|- continued||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|
||||||funds|funds|funds|
|||||||g||
||EXPENDITURE|ON||||||
||Raising funds|||||||
||Raising donations|and||legacies|5,198||5,198|
||||||5,198||5,198|
||Charitable
activities|||||||
||Charitable
activities||||669,379|1,040|670,419|
||Other||||8,548|413|8,961|
||Total||||683,125|1,453|684,578|
||NET INCOME||||131,561|547|132,108|
||RECONCILIATION|||OF FUNDS||||
||Total funds brought||forward||228,876|3,953|232,829|
||TOTAL FUNDS CARRIED FORWARD||||360,437|4,500|364,937|
|13.|TANGIBLE FIXEDASSETS|||||||
||||||Improvements|||
||||||to|Gymnastics||
||||||property|equipment|Totals|
||COST|||||||
||At 1st August 2022||||88,274|99,770|188,044|
||Additions|||||78,144|78,144|
||At 31stJuly 2023||||88,274|177,914|266,188|
||DEPRECIATION|||||||
||At 1st August 2022||||35,649|91,493|127,142|
||Charge for year||||4,974|10,559|15,533|
||At 31st July 2023||||40,623|102,052|142,675|
||NET BOOK VALIJE|||||||
||At 31st July 2023||||47,651|75,862|123,513|
||At 31stJuly 2022||||52,625|8,277|60,902|
##
|14.|STOCKS|||||
|---|---|---|---|---|---|
|||||2023|2022|
||Stocks|||200|200|
|15.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR||||
|||||2023|2022|
||||||f|
||Trade debtors|||65,563|64,273|
||Other debtors|||29,306|69,793|
|||||94,869|134,066|
|16.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||
|||||2023|2022|
||||||f|
||Bank loans and overdrafls|(see note 18)|||10,000|
||Social security and other taxes|||5,862|6,226|
||Other creditors|||27,698|3,540|
||Deferred income|||93,397|88,433|
||Accrued expenses|||6,480|6,480|
|||||133,437|114,679|
|17.|CREDITORS: AMOUNTS||FALLING DUE AFTER MORE THAN ONE YEAR|||
|||||2023|2022|
||Bank loans (see note 18)||||32,500|
|18.|LOANS|||||
||An analysis ofthe maturity|of|loans is given below:|||
|||||2023|2022|
||Amounts
falling due within|one year on demand:||||
||Bank loan less than one year||||10,000|
||Amounts
falling between one||and two years:|||
||Bank loans - 1-2 years||||10,000|
||Amounts
falling due between||two and five years:|||
||Bank loans - 2-5 years||||22,500|
##
##
|MOVEMENT|IN FU|N|DS|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Net||
|||||||||movement|At|
||||||||At 1.8.22|in funds|31.7.23|
|||||||||f||
|Unrestricted|funds|||||||||
|General
fund|||||||360,437|161,791|522,228|
|Restricted
funds||||||||||
|Artistic Development||Grant|||||500||500|
|Men's Artistic|Development|||Grant|||4,000||4,000|
||||||||4,500||4,500|
|TOTAL FUNDS|||||||364,937|161,791|526,728|
|Net movement|in funds,||included|||in the above are as follows:||||
||||||||Incoming|Resources|Movement|
||||||||resources|expended|in funds|
|Unrestricted|funds|||||||||
|General
fund|||||||941,132|(779,341)|161,791|
|TOTAL FUNDS|||||||941,132|(779,341)|161,791|
|Comparatives|for movement||||in|funds||||
|||||||||Net||
|||||||||movement|At|
||||||||At 1.8.21|in funds|31.7.22|
||||||||f|||
|Unrestricted|funds|||||||||
|General
fund|||||||228,876|131,561|360,437|
|Restricted
funds||||||||||
|Children
in Need Grant|||||||413|(413)||
|Coaching Development|||Grant||||1,040|(1,040)||
|Artistic Development||Grant|||||500||500|
|Men's Artistic|Development|||Grant|||2,000|2,000|4,000|
||||||||3,953|547|4,500|
|TOTAL FUNDS|||||||232,829|132,108|364,937|
##
|||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|
|||||resources|expended|in funds|
|Unrestricted
funds|||||||
|General|fund|||814,686|(683,125)|131,561|
|Restricted
funds|||||||
|Children|in Need Grant||||(413)|(413)|
|Coaching|Development|Grant|||(1,040)|(1,040)|
|Men's Artistic Development|||Grant|2,000||2,000|
|||||2,000|(1,453)|547|
|TOTAL|FUNDS|||816,686|(684,578)|132,108|
|||||Net||
|---|---|---|---|---|---|
|||||movement|At|
||||At 1.8.21|in funds|31.7.23|
|Unrestricted
funds||||||
|General
fund|||228,876|293,352|522,228|
|Restricted funds||||||
|Children
in Need Grant|||413|(413)||
|Coaching Development|Grant||1,040|(1,040)||
|Artistic Development|Grant||500||500|
|Men's Artistic Development||Grant|2,000|2,000|4,000|
||||3,953|547|4,500|
|TOTAL FUNDS|||232,829|293,899|526,728|
##
|||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|
|||||resources|expended|in funds|
|Uarestricted
funds|||||||
|General|fund|||1,755,818|(1,462,466)|293,352|
|Restricted
funds|||||||
|Children|in Need Grant||||(413)|(413)|
|Coaching|Development|Grant|||(1,040)|(1,040)|
|Men's Artistic Development|||Grant|2,000||2,000|
|||||2,000|(1,453)|547|
|TOTAL|FUNDS|||1,757,818|(1,463,919)|293,899|
##
##
##
|||||2023|2022|
|---|---|---|---|---|---|
|INCOME AND|ENDOWMENTS|||||
|Donations
and legacies||||||
|Donations|||||733|
|Grants|||||2,561|
||||||3,294|
|Investment
income||||||
|Interest receivable||||879|0|
|Charitable
activities||||||
|Membership
fees||||53,942|62,967|
|Class fees||||703,392|623,049|
|Squad fees and event||income||165,435|109,046|
|Kit sales||||17,484|18,300|
|||||940,253|813,362|
|Total incoming|resources|||941,132|816,686|
|EXPENDITURE||||||
|Charitable
activities||||||
|Wages||||382,005|327,872|
|Social security||||23,996|19,832|
|Pensions||||8,328|5,203|
|Rent and rates||||162,000|155,880|
|Insurance||||10,370|8,153|
|Event expenses||||14,134||
|Kit purchases
and awards||||29,232|15,839|
|Consultancy
fees||||19,028|17,075|
|Repairs and renewals||||9,967|7,098|
|Travel and subsistence||||6,555|5,763|
|Stafftraining||||7,315|5,828|
|Subscriptions||||2,813|3,125|
|||||675,743|571,668|
|Other||||||
|Improvements
to|property||depreciation|4,974|4,974|
|Gymnastics
equipment||depreciation||10,559|2,910|
|Bank loan interest||||833|1,077|
|||||16,366|8,961|
##
##
||||2023|2022|
|---|---|---|---|---|
|||||f.|
|Support costs|||||
|Management|||||
|Wages|||51,421|67,056|
|Social security|||1,082|3,626|
|Pensions|||484|1,064|
|Consultancy|fees||18,021|17,136|
|Telephone|||1,288|1,3I I|
|Office costs|||3,975|4,006|
|Sundries|||119|13|
|Independent|examiners|fees|6,300|6,680|
||||82,690|100,892|
|Finance|||||
|Bank charges|||4,542|3,057|
|Total resources|expended||779,341|684,578|
|Net income|||161,791|132,108|