Notts G nastics Academ an limited uarantee Re rt and Financtal Statements Year endin 31 December 2023 Chari number 117 an number: 07435883 Norrs)%'i,-
Notts G mnastics Academ uarantee acom an Limited b Contents of the Financial Statements for the Year Ended 31 December 2023 Pa8e Reference and administrati* details of the company, Its trustees and athiisors Trustees rewrt Independent examiners rekxjrt Statement of financial artmtles Balance sheet io Cash flow statement li Notes to the financial statements 12-21
Nott5 G mnastics Academ uarantee acom an Limited b Reference and administrative details of the com an its trustees and advisors for the ear ended 31 December 2023 Charity Trustees Mis Nila eowdler Mrs Joanna Sara Jacks Mr Adam Mark CrNentry Mrs Ceri Eliiabeth Walters Mrs Julie Anne Marsh Mrs Katy Cuddingt(xi14Dpointed - 03105120231 Company registered Number 07435883 Charity Registered Number 1173908 Re815tered Office Notts Gymnastics Academy Boundary Road West Bridgford Nottingham Nottinghamshire NG2 7BW Independent Examiner Alexander C Reynolds FCA Butler Cwk Ch3rtered ACCOUntt5 The Hemington Mill House Business Centre Station Road Castle t)onin8t( Derbyshire OE74 2NJ Bankers H58C 26 Market Place Sleaford NG34 7SB
Notts G mnastics Academ uarantee acom an Limited b Notts G mnastics Academ ort of the trustees for the December 2023 ear endin 31 The Iruslees are pleased to present their annual direct(Ks' rewrt together with the financial statements of the charity foc the year endin8 31 December 2023 which are also prepared to meet the reovirements for a directofs. report and accounts for Companies Act purposes. 7he financial statements comply with the ChBrities Act 2011. the Ctynpanies Act 2006, the Metnorandum and Articles of Association. and Accountin8 and Reporting by Charities.- Statement of Recommended Practice applicable to charities preparin8 their accounts in accoidance with the Financial Reporting Slafidard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191. Directors and Trustees The directors ol the charitable company (the charity) a its trustees for the purp(Ee of charity law. The trustees and officers servin8 durin8 the year and since the year end were as follows.. Joanna Jackson, Adam Coventry, Ceil Walters. julie Marsh, Katy Cuddington and.Nila 8owdler. Governi Oocument Memorandum and articles incorporated 10 November 2010 as amended by special resolution registered at Companies House on 4 July 2017 Academ Ob'ectives To create a safe and enjoyable environment f( all gymnasts rewdless of age. ability. or fitness levels,. To develop health, filness, and social integration. whilst contributing toward5 physical and Psychological well-being,. To provide a str(Jct(Jred system and pathway prowding all our member5 a 5Llltable opporttjnity lo experience gymnastics. regardless of a8e or ability- through Women's. Men's, Acro, Gymn3stlC5 For All, Preschool. Adult sessions, and Disability inclusive classes. Increase the skill and fitness levels of all gymnasts using general and precise conditioning and preparation,. Produce methodical and Pfogressive trainin8 programmes for 311 Bymnasts at all levels.. To encourage all coaching Staff to keep up to date knowledge of development programmes. the international code of tKJints, national grades. regional and national rules- To encourage and support coaches and judges to attend courses. improve their qijalifications. knowledge. and experience- To achieve broad and consistent success across all levels of competition.. NGA representation across all the British National Squads. wrth re8ul3r selections to maior international competitions,. and -To help every indiWdualTeallsEthÉir full"potential as a gymnast, coach anolor judge anoenioy a fit and healthy sporting career.
Notts G mnastics Academ uarantee acom an Limited b Notts G mnastics Academ Re ort of the trustees for the December 2023 ear endin 31 2023 Overview 2023 was another great year for the Academy Seeing continual development in performance. building our team & making significantsteps iow3rds our much-anticipated facility refurbishfflerjt! Oui Squad gymnasts. yet again this year. have impressed with suc¢ess acr05S the whole breadth of ages. On the competitive sta8e we took home numerous titles & medals at county, iegional & national level. At the Artistic British championships. we took 17 tompetitors who returned with 5 medals (including 2 British titles) and we also had 3 competitors at the Adults British Championships with a silver medal added to the collettion. The English Championships saw a tontingenry of IS Notts competitor5 & 11 medals I I AIIAround title) and our 2 Scottish competitors at their national championships won 311 around medals. with Lottie be4n8 crowned Senior Women's National Champion. We also had great team success too- winning the Men's Junior British Team5 title. and Women's junior Team taking the silver medal. 14 individuals have been selected to train as part of Natlonal squads & a luither 7 at the re8Onal level. Internationally ovi gymrbast5 received 9 call vps over the year from Alex Yolshina-cash impressing at the lunioi Worlds, to medals won by our Iuniof men's gymnasts. Zakaine Fawii and lude lions, at their respective competitions. Lottie Smith and Hamish Carter impressed at the Northern Europeans for Scotland and Sam Mistowfi was selected to represent Great Britain on the senior stage at three World Cups throughout 2023. Across our Men's and Women's Artistic squads, we sUPPOrted a total of 70 competin8 at regional event5 and 55 at county events throu8houE 2023. Opportunities for our sovad gymnasts and coaches alike. for l)oth learning & team buildin& as well as enjoying the social aspect and holistic development. was offered throvgh our intefnal summer camp & BBQ. Our developing coaches arranged a very successful Portugal training camp which received great feedback from our gymnasts feeling a sense cffj unity & 'one team. thcouBh this expeiience, and Our Squads are seeing the benefit of continuing to work with Dan Lonsdale to target strength & conditioning work & with our ballet coach Sèbine. Our GFA competitive squads and aLlvanced gfoups also had a stellar year with increased partitipation and success - winninB a plethora of medals & titles from the numerous competitions they attended I From our Advanced GFA 0Up5. we saw 50 competitors attending two compets"tions throughout 2023 ompared to the l event attended in 2022. For our GFA Competitive groups. 6 ¢ompetitions weie attendin& induding 35 girls and 13 Lws competitors. and we saw 23 re ional cham ions crowned from this cohort. Access for Disability gymnasts remains an important aspect of oui work with individual l-l seSsns, specific classes and wheie appiopriate adjustments made within our core groups.
Notts G mnastics Academ uarantee acom an Limited b Notts G mnastics Academ Re ort of the trustees for the December 2023 ear endin 31 The Pre-school team continue to nurture our youngest gymnasts, and with the development of the facility. saw a temporary move of the programme from September to the Rushcliffe Arena for the period of the build. We expect the programme to move back to our main 51te from January 2025 and in the meantime the team are making the most of the opportunity to share what we offer in our community and engage with new members. Two classe5 have also been able to be reinstated at the arena, with reduced restrictions on access that we face through the school grounds. taking us back to pre-covid offerings. The essential groundwork that takes place in our Pfeschool classes has seen 14 Bymnasts progress into our youngest squads across Mens. Womens. and the GFA Competitive programmes. At the other end of the age spectrum. the work we do with our local universities & adults proEr3mffles continued to be strengthened in both breadth & depth under Joe Fox's leadership. We support both Nottingham Trent & the University of Nottingham and-50 of their students acr055 4 Sessions a week. In terms of events- ovr internal competitions were bigger than ever. Our annual GFA in house & Notts Open, allowed opportunities for l(K)'s of competitors both locally and from around the country to compete in friendly events and we ran our fifst ever GFA Floor & Vault invitational. welcoming 160 recreational competitors from across the region to partake and experience performing on a competitive stage. Unfortunately. due to the space restrictions and limited welfare facilities available at the end of the year we were unable to run ovr annual Christmas Display, however it's return is eagerly awaited in 2025 as a firm favourite in the diary for the whole Notts family. Staff development remains a key focus for us at Notts with our belief of investing in our team and providing opportunities for learning and growth. 14 new coaching qualifications were acquired during the year, of which 7 were attained by current gymnasts who are also starting on their coaching journey and gaining their level I coaching qualification, enabling them sharing their knowledge and experiences with our younger Notts gymnasts. We have teamed up with Lauren Jervis-Allen la Performance and Mindset Coach) who is workinB specifically with 2 of our performance coaches, Sarah Middleton & joe Fox, on a 6 month programme designed to foster self-reflection and their own development as coaches. We also linked up with the well renowned Working With Parents in Sport. to facilitate a workshop for our parents and support their journey of being a sporting parent. Time was invested with British Gymnastics newly appointed Learning & Development IL&DI team, inviting the director of their piogramme. Jay Roper. to discuss & gain insight from our staff at Notts regardinB what is effective and where the gaps are we face as a club in terms of coach education. Furthermore, two members of the British Gymnastics L&D team ran a pilot course with a cohort of our team deliverin8 valuable sessions on understanding self & understanding individuals.
Notts G mnastics Academ uarantee acom an Limited b Notts G mnastics Academ Re ort of the trustees for the December 2023 ear endln 31 We Saw several people changes with the deparlure of Performance Coaches- Katie Foster (Head of Women'51 and Sergey Siihanovlmen's Performance Lead) as they moved onto Pastures new. jody Kime stepped in to lead the Women's pro8rafflme and has focused on mentoring staff Starting out on their coachin8 jouiney. J05h Champion. the Head of Men's. relished the opportunity to step into the space of leading our most senior elite male athletes following Sergey's departure, whilst f05terinB the support networks around him. Nila returned from materntty leave midway through theyear and picked up leadin8 the team whi15t Joanna jackson stepped back from the rrhore regular management support She provided durin8 Nila's period of leave and continued to provide supp(rt to the Academy thrtsu8h her Board seat. F(KUS was place<l on developing the business support team with new appointments including Sandra (Finance Assistant) in October, and Jo Browne IAc&lemy Support Manager) and Anne-marie Betts IHR/Business admin supportl who both started injanuafy 2024. We . said goodbye to Premises Officer Lee just before Christmas and had a smooth transition with Bobby Oldham into the position. Kirstie Dane stepped into a focused facility project managernent role. and together with 8obby is leading on the facility redevelopment. We said some heartfelt farewells to influer)tial Notts gymnasts and history makersincluding Ellie Downie (European Champion. World Medallist & Olympianl & Natasha Coates Icuirent reigning Disability British Champion across all apparatus). Both Ellie and Natasha remain involved in the sport, with Tasha continuing her training at another club and Ellie coaching and inspirin@our younger generations at Notts whilst also buildin8 her PT skills & krledge and engaging in opportunities outside of the sport. Facilities wise. as we have become immersed in the ieality of our much-needed rffiovation proje¢t. there have been highs and lows. Many adaptations to our operation5 have beetb necessary. acces5 to our building & use of exterrkal toilets being the most noble and weie carefully planned through our Management Committee ensurin8 welfare of our merrhbers remained at the forefiont of all decisions. In October, following storm Babet. we suffered significant flooding to two of our main pitted areas in the gym, which has taken them out of action and impacted tr3ining for many of (xjr gymnasts. The resilience of Our team shone through once again, writh amazing community 5uppo¥I. strong sense of optllll15m & teamwork from staff and volunteers to swiltly clear the pits, iemove rubbish and undertake a huge clean-up operation to get the gym back open and operating withinjust a couple of days. The disaster also presented an opportunity to connect with oui wider local community, raise o(Jr profile and fundraise in line with the ffledia interest. We were supported by our local councillors & MP in liaising with our landld and undertaking the necessary works to reinstate our pils to 3n p@raded standard. In November, the 6-month inrernal buildin8 phase to redevelop our main entrance. sociallcafé Space and viewing area, and offt¢e space commenced. We reor8anised the gym. redefined training spaces and collaborated with the school lo ne8otiate feasible use of the sport5 hall so we coukj continue offering gymnastics to all our member5. We made some alterations to our regulai programffle. reworking Sunday classes to enable continuation of our valuable GFA competitive programme.
Notts G mnastics Academ uarantee acom an Limited b Notts Re ortof the trusteesforthe earendi 31 December 2023 L)espite the challenges and restrIctnS ihat building woth naturally ifflposes, Ihe team have felt reassured and inspired to see the devebpment of new spaces taking pkce. Strategic and fin3ntial planning a beingwegularly monitored at BoardlMana8ement Energy is bein8 driven into the facility redevelopment and the anticipated benefits we will see in teiin5 01 our improved experience lor our members, and ollerin8sfor our local community in ihe month51years to come. li has been a busy yeai all round and l am pleased to share updates that there has been great progresson the facility projert, whilstcontinuingandexcelling withourbusiness-as-usual operations. Our focus now tUln5 to huge fundraising efforts Ihrovgh grant applications, crè3t*ngsponsor5hip opportunities ènd workin8 Wfth ourdeilicated fundcaisinB committee so we can ieinstaie a welcoming and world leading gYmnastS latility to enable the growth we ale looking to achieve in both quality of member experience and increased regular footfall we are intending to seive. Adam Coventry Chair
Notts G mnastics Academ acom uarantee an Limited b Inde ndent examiners re ort for the ear ended 31 December 2023 Res tive res onsibilities of trustees and examiner The trustees Iwho are also the directors of the company for the purpKJses ofcompany lawl are responsible for the preparation of the accounts in accordance with the requirements of the Companies kt 20(K l-the 2Act.1. The charity's trustees consider that an audit is not reouired fly rhis yeaf under Part 16 01 the 2006 Act and that an independent examination is needed. The charivs gross income exceeded E250,IY)O nd l am qualified lo undertake the examination by beFng a qualified member of ICAEW. It is my responsibility to.. examine the actounrs under section 145 of the Act: to follow the procedures laid (knvn in the general Directions 8iven by the Charity Commission (under section 1451Sllbl of the Charities Act,. and To state whether paiticular matters have come to my attention. Basis of Inde endent examinerfs statement My examination was carried out in accordance with gener31 Directions given by the Charity Commission. An examinatlon includes a review of the accounting records kept by the charity and a compari50n of the accounts presented with those records. It also irKludes consideration of any unusual items or disc105ures in the accounts and seeking explanati($ from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would required In an audit. and consequently rK) opinion is given as to whether accounts present a 'true and fair, view, and the ieport is limited to those matters set out in the statement below.
Notts G mnastics Academ uarantee acom an Limited b Inde endent examiners re ort for the ear ended 31 December 2023 Inde endent examinerfs statement In connection with my examinètion. material matters have come to my attention which gives me cause lo believe that, in any material respect.. • accounting record5 were not kept in accordance with sectK)n 386 01 the Companies Act 2(Xb.' or the accoijnts do not accord wrth such records- or the accounts do not tomply with relevant accounting reovirements under section396 of the Corrspanies Act 2006 other than any requirement that the accounis give a 'true a1 Fairf view which Is not a matter considered as part of an in(Jependent examination,. or The accounts have not been prepared in accordance with the Charities SORP IFRSL021. S have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this repoft in order to enable 3 propel understanding of the accounts ro be reached. Signed.. Date.. Z/+ Alexander C Reynolds FCA 8utler Cook Chartered Accountants The Hemington Mill House Business Centre Station Road Castle Donington DE74 2NJ
Notts G mnastics Academ uarantee acom an Limited b Statement of financial activities incor oratin income and ex ended 31 December 2023 enditure for the ear Unrestricted funds Restricted income funds Total funds Prior year f unds Note Income Donatlons and legacies Charitable activities Investments Total 5.266 5,266 838.830 2.267 846.363 5,086 824,157 200 829.443 838,830 2,267 841.097 5,266 Expenditure Raising funds Charitable activities Total 742.828 742,828 1.404 1,404 744,232 744,232 750,132 750,132 Net incomellexpenditurel before tax for the reporting period Tax payable 98,269 3.862 102,131 79,311 Net income/lexpenditurel after tax before investment gains/llossesl 98.269 3.862 102.131 79,311 Net movement In funds 98,269 3.862 102.131 79.311 Reconciliation of funds: Total funds brought forward Total funds carried forward 341,656 439.925 12.270 16.132 353,926 456,057 274.615 353,926 All activities relate to continuing operations. The notes on pa6es 11 to 19 form part of these finantial statements.
Notts G mnastics Academ uarantee acom an Limited b Balan sh t as at 31 December 2023 Restricted Income funds Unrestrtted funds Total thls year120231 Total last yearl20221 Note Flxed assets: Tangible assets 82.454 16,132 98.586 59,794 Current assets: Debtors Cash at bank and in hand 1,593 438.654 440.247 1,593 449,689 451.282 6,384 382.877 389,261 11.035 11,035 Credltors: amounts fallln8 due wlthln one year io 67,112 11,035 78,147 69,346 Net current assetsllli3bilitlesl 373,135 373,135 319,915 Lon8 Term Llabilltles 15,664 15.664 25,783 Total net assets 439,925 16.132 456,057 353,926 Charity Fund5 Restricted funds Unrestricted funds 16.132 16,132 439,925 12,270 341,656 439.925 Total funds 439.925 16,132 456,057 353,926 For the year ending 31 December 2023 thecompany was entitled to exemptk)n from audit under section 477 of the Companies Act 2(X)6 relaiing to small tompanies. The members have not required the company to Obta an audit in accordance with sectbn 476 of the Companie5 Act 2006. The directors atknowledge their responsibility foi comptying with the requiiements of the kl with respect to accounting records and for the preparatn of accounts. The accounts have been piepaied in accordance with the provisions of the Companies Act 2006 applicable to companiessubject to the small comp3ny's regime. The financial statements were approved by the exeojtive committee on .... their behalf, by.. 011 and signed on Mr Adam Coventry Chair io
Notts G mnastics Academ uarantee acom an Limited b Cash flow statement for the ear ended 31 December 2023 2023 2022 Note Cash flow from operating activities Net cash Provided by operatirkg activities 13 127.103 97,528 Cash Ilows from investing activities Interest Purchase of fixed asset5 Met cash used in nVesting activities 2,267 152,4391 150.1721 200 12 1,1901 120,9901 Cash flows from fsnancing activities Borrowing5.' Borrowings repaid 110,1191 110.1191 19,6261 19.6261 Change in cash and cash equivalenls 66,812 66,912 Cash and tash equivalents brought forward Cash and cash equivalents ¢arr4ed forward 382.877 449.689 315,965 382,877 li
Notts G mnastics Academ uarantee acom an Limited b Notes to the financial statements l Accounting Policies The principal accounting policies adopted. judgements an¢J key source5 of estimation unrtaintY in Ihe preparation of the financial statements are as follow5: 8asis of preparation The financial statements have been prepared in accofdance with the second edition of the Charities Statement of Recommended Practice issued in October 2019. applicable to charities preparing their accounts in accordance with the Financial ReportinBStandard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20151, the Charitie5 Act 2011 and the Compan$ Act 21XE. Notts Gymnastics Academy meets the definition of a public benefit entityunder FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otheise stated in the relevant accounting policy notelsl. The Charity reported a cash inflow of £66.812 for the year. The trustees consider that the charity will continue to operate for the foreseeable future and have prepared theaccounts on a going concern basis. Income Income is recognised when the charity has entitlement to the funds. any perfotmante conditions attached to the items of income have been met. it is probable that the income will be received, and the amount can be measured reliably. Income from government Brants and other 8fanis, whether capital grants or revenue grants, is recognised when the charity has entitlement to the fund5. any performance condiiions attached to the items of income have been met. it is probable that the income will be ieceived. and the amount can be measured reliablv. Interest receivable Interest on funds held on deposit is included when receivable and the an¥)unt can be measured reliably by the charity. thrs is normally upon notification of the interest paid or payable by the Bank. Fund accounting Unres(rlcted funds are available to spend on activities that further any of the pur>$e$ of charity. Designated fund5 are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donati5 which the donor has specified are to be solely used for particular area5 of the Trusys work (K for specific artistic projects being undertaken by the Twst. 12
Notts G mnastics Academ uarantee acom an Limited b Notes to the financial statements Expenditure and irrecoverable VAT Expenditure is recoEnised (e there is a legal or ConStrtive obligation to make a payment to a third party, it 15 probable that seltlement will be required. and ihe amount of the obligation can be measured reliably. Operatin8 leases The charity classifies the leèse of printin& specialist lighting and audio equipment as operatlng leases. the title to the eouipment femains with the lessor and the equipmer)t 15 replaced every 5 years whilst the economic life of Such equipment is normally Ioyears. Rental charges are chaoed on a str3i8hi- Ilne basis over the term of the lease. Tangible fixed assets Individual fixed assets costing El,(AXJ CK more are capitalised at cosi and are depreciated over their estimated useful economic Iwes as follows.. Plant, equipment. and motor vehicles- 15% Reducin8 Balance Stock Stock is included at the lower of cost net realisable value. Donated items of st(Kk are recnised at fair value which is the amoLtnt the charity would have been wtlling lo pay for the items the open market. Debtors Trade and other debtors are rec(¥nised at the settlement amovnt (Jue after any trade di5COUnt offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand Cash at bank and in hand Cash at bank and cash in har includes cash and short term hlghly liqijld investments with a short maturity of three months or less from the date of acqui51tion or opening of the deposit or similar account. Creditors and provisions Creditors and provisions are recognised where the charityha$ 3 presentobligation fesulting from past evenr Ihar WFII probably result in the transfer of funds to 3 third party ènd the amount due ro settle the obligation can be measured or estimated reliably. Creditors and provision5 are normally recognised at their settlement amount after allowing for any trade discounts due. Financial instruments The charify only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subseguently measured at their settlemenrvalue with the exception of bank loans which are subsequently measured at amortised cost usin8 the effectrve interest method. 13
Notts G mnastics Academ uarantee acom an Limited b Notes to the financial statements Penslons The company opefates a defined contribution pension scheme. ansy the pension charge represent5 the amounts payable by the company to ihe fund in respect of the year. Legal Status of the Trust The Trust Is a company limited by guarantee and has rK) share capital. In the event of the Ihartty beinB wound up. the liability in respect of the guarantee is limited to E5 per member ol the tharity. 14
Notts G mnastics Academ uarantee acom an Limited b Notes to the financial statements 2 Income from donations The income from donation5 was ES.266. which relates to a speofic item of Profic1cY Awafds. 3 Income from charitsble Activities Unrestricted Restricted Total funds 2023 Total ILJnd 2022 Women, Men's Acrobatics Adult Pre-schwl General & Academy Government grants 87.372 78,280 174 30,935 55.812 588.024 87,372 78,280 174 30.935 55.812 593.290 500 846.363 85,769 80.040 14.827 28.264 57.548 561,995 1.000 829,443 5.266 841.097 5,266 4 Investment income Unrestricted Restricted Total funds 2023 Total fund 2022 Bank interest 2.267 2,267 200 2.267 2,267 200 In 2023 the investment income of £2.26712022.. £2CM)I, was attributable to unrestrrted funds with a balance of £449,68912022.' £382,877). 15
Notts G mnastics Academ uarantee acom an Limited b Notes to the financial statements 5 Analysis of expenditure on charitable activities Unrestricted Restricted Total funds 2023 Total fund5 2022 Rent & Rates Wages Pensions Premises expenses Telephone and Internet Advertising Sports eouipment costs HMRC Training Sundry expenses British gymnastics society Travel, accommodatio Competitions and events. Etc Accountancy LeEal and Consultancy fees Bank charges Oeprecation Loss on diswsal of asset 62,893 491.838 62,893 491.838 65.408 507,843 8, 138 56,778 1.207 712 8.828 23.726 3,367 26.640 1, 145 8,179 25,348 2.695 46.425 1,059 35 7,798 27,343 6.547 24,649 1.487 12.124 37,263 2.262 46.425 1.059 35 7.798 27.343 6.547 24.649 1,487 12.124 37.263 2,262 1.019 11.208 1,034 1,019 12,612 1.034 1.360 8.758 1.404 Total 742,828 1.404 744,232 750,132 6 Net Incoming Resour$ This is stated after charging= 2023 2022 Deprecation of owned aetS Independent examination Accountancy servites 12.612 1.980 282 8.758 1.5(KJ 1.195 16
Notts G mnastics Academ uarantee acom an Limited b Notes to the financial statements 7 Staff Costs Analysis of staff costs. trustee remuneration and expenses, and the cost of key management personnel 2023 2022 Salaries and social security Pension costs 491,838 507.843 8,138 Total 515.981 No e¥nployee received remuneration amounting to more than EfA),OCK) in eithef year Key management personnel weie paid total salacies of E38,668 on which E2.765 of employer's national insurance was incurred and employers. pensi( contributions of E742 were paid. The average monthly head count was 38 staff12022= 315taffl and the average number of full-time equivalent employees liftcluding part tiwne staff cwnted as % a staff member) during the year were as follows.. Staff Numbers 2023 Numbef 34 2022 Number Coaches Support 27 Total 38 31 17
Notts G mnastlC5 Academ uarantee acom an Limited b Notes to the financial statements 8 Tangible Fixed Assets Plant and equipment Cost At l January 2023 Additions Disposals 141,496 52,437 115.6821 Al 310ecember 2023 178,251 Depreciation At l January 2023 Charge for a year Eliminated on disposal 81.702 12,612 114,6481 At 31 December 2023 Net Book Value At 31 December 2023 At 31 December 2022 59.794 9 Debtors Debtors: Amounts fallin8 ¢e wlthln one year 2023 2022 Trade debtors Prepayments 1,593 4,224 2,160 6,384 1,593 10 Credltors Creditors: Amounts fallSn8 due withln one year 2023 2022 -Accrua15 Other creditors TaxalioTr ?nd social Security 14.678 46,915 7,753 69,346 59.340 8,724 78.147 18
Notts G mnastics Academ uarantee acom an Limited b Notes to the financial statements 11 Statement of Funds BrOu1t Forward Inc(4ne Resouro5 expended Carried forward Geneial funds Restricted funds 341.656 12,270 841,097 5,266 1742,8281 11.4041 439.925 16.132 353,926 846,363 1744,2321 456.057 Purpose of funds: General funds are available for use at the discretion of the trustees in furtherance of the gener31 objections of the charity. Restricted funds have been provided to the charity for particular purposes. for example for the purchase of a fixed asset. 12 Analysis of Net Assets between Funds General funds 2023 Restricted funds 2023 Totsl 2023 Total 2022 TanBible FA INBVI Debtors Current assets Creditors Long term liabilities 82.454 1.593 438.654 167.1121 115.6641 439.925 16.132 98,586 1.593 449.689 178.1471 115.6641 456.057 59,794 6,384 382.877 169,3461 125.7831 353.926 11,035 111.0351 16,132 19
Notts G mnastics Academ uarantee acom an Limited b Notes to the flnancial statements 13 Reconciliation of net movement in funds to net cash flow from operating activities 2023 2022 Net income / Ilossl for the year las per statement of financial activities 102,131 79,311 Adjusted for: Depreciation charges Interest received Loss on disposal ol asseis lincreasel I decrease in debtors increase I Idecreasel in creditors 12.612 12,2671 1.034 4,791 8.802 127,103 8.758 12C4)1 16,3841 16,043 97,528 14 Operating lease commitments At 31 December 2023 the totsl of the charit¥s future minimum lease payments under nor¢- cancellable opefating leases was.. 2023 2022 Amounts payable Within I year 2 5 years 15 Related party transactions During the year there were related party transactions. 16 Controlling party The trustees do not consider there to be any one controlling party. 17 Corporation tax The charity Is exempt from tax on income and 83ins falling within section 505 of the Taxes Act 1988 or section"252 of t e Taxation o Char@eableGains Act 1992 to the extent thatthese are applted to its charitable objects. 20
Notts G mnastics Academ uarantee acom an Limited b Notes to the financial statements 18 Goveinment grants Income from Government grants were as follows= Nottinghamshire County council Grant JW S(XJ 21