Charity registration number: 1175301
## Kidsgrove Sports Centre Community Group (CIO)
Annual Report and Financial Statements for the Year Ended 23 October 2023
Daryl Denson ACMA The Dudson Centre Hope Street Hanley Stoke-on-Trent ST1 5DD
## **Kidsgrove Sports Centre Community Group (CIO)**
## **Contents (continued)**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 18|
## **Kidsgrove Sports Centre Community Group (CIO)**
## **Reference and Administrative Details**
**Trustees** Mark Clews Kerry Thomas Ray Williams David Rigby Natalia Stothard Gillian Burnett **Charity Registration Number** 1175301 **Principal Office** Fourth Avenue Kidsgrove Staffordshire ST7 1DR **Independent Examiner** Daryl Denson ACMA The Dudson Centre Hope Street Hanley Stoke-on-Trent ST1 5DD **Bankers** Barclays Bank Kidsgrove Branch Lloyds Bank Tunstall Branch
Page 1
## **Kidsgrove Sports Centre Community Group (CIO)**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 23 October 2023.
## **Objectives and activities**
## _**Objects and aims**_
The objects of the CIO is for the public benefit to provide facilities for recreation, advancement of amateur sports and other leisure-time occupation in the interests of social welfare with the object of improving the conditions of life for the communities of Kidsgrove and surrounding areas within North Staffordshire and South Cheshire.
Kidsgrove Sports Centre CIO took over the running of the Centre in July 2022 after working for 5 years to reopen the Centre. Two years on since opening we are becoming well established and having an increasingly positive impact on the people who use the service. We have further planned to develop the services offered, the opportunities offered to staff and the reduction in our energy usage which will make for a busy third year.
## _**Objectives, strategies and activities**_
The management and staff team has continued to build on the charity's core leisure and recreational activities, and there has been a marked increase in income generated compared to year 1 of opening. The swimming lesson program has grown, and further staff are to complete their teacher qualifications in year 3. The gym membership and class program continue to grow. Sports hall activities have increased, seeing an increase in clubs using the space for their practice session, including winter training. Barclays have a community bank operating three days per week in the centre.
## _**Public benefit**_
All of our charitable activities are focused on furthering our charitable objectives for the public benefit of the local community.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## **Achievements and performance**
Provided gym services to over 1400 people Provided approximately 35 Fitness classes per week Provided family fun swims on weekends Hosted annual anniversary fun day Provided swimming lessons for over 600 children Secured funding for a cafe Successful in securing funding to help cost of energy bills from Sport England Provided 3 training contracts for apprentices
## **Financial review**
Total incoming resources amounted to £850,953 Total resources expended amounted to £691,524
Page 2
## **Kidsgrove Sports Centre Community Group (CIO)**
## **Trustees' Report (continued)**
## _**Policy on reserves**_
Kidsgrove Sports Centre Community Group (CIO) will hold a level of reserves which allows it to deliver its agreed charitable aims over the course of a financial year and in addition to this will retain a prudent level of contingency funding to cover unexpected costs as they arise. This statement has also been considered considering the organisation being a new start up. Kidsgrove Sports Centre Community Group (CIO) will set a prudent annual budget, linked to the anticipated revenues, costs and realistic demands for the year ahead. In the first year of operation the organisation will have minimal reserves, whilst it becomes operational and building up the reserves to the anticipated levels within this document.
The Kidsgrove Sports Centre Community Group will aim to set aside reserves of the following % of revenue. Year 0 - £0 reserves as we are a start up Year 1 - 1% of annual revenue Year 2 - 3% of annual revenue Year 3 - 5% of annual revenue Year 4 - 7% of annual revenue Year 5 - onwards - 10% of annual revenue The current level of free reserves available to the charity is �451,477 (2022: £292,048) Please refer to the financial information contained on the pages below.
## **Plans for future periods**
## _**Aims and key objectives for future periods**_
The initial priority for 23/24 is to invest in energy saving such as solar and CHP to reduce our carbon footprint and reduce our energy costs.
We are also expecting to review and plan to develop aditional car parking opportunities on site in 23/24. The plan is to widen the offer to the community, open the cafe and develop further opportunities for the local community.
Work with partners and community groups within the local area to improve the leisure provision and grass roots sports. Develop further opportunities for health referral.
Maintaining a safe environment both for the employees and those attending the facility.
## **Structure, governance and management**
## _**Nature of governing document**_
The charity was registered as a Charitable Incorporated Organisation on 23 October 2017 the Kidsgrove Sports Centre Community Group (CIO) Governance is within accordance with the conditions set out within the founding constitution, amended 3 July 2023.
Details of the trustees and specific organisational roles are listed above.
There have been no changes to the Governance during this reporting period.
Page 3
## **Kidsgrove Sports Centre Community Group (CIO)**
## **Trustees' Report (continued)**
## _**Recruitment and appointment of trustees**_
Trustees are selected following a search, advertising on the website and personal recommendation. They meet with at least two existing Trustees. It is the intention of the charity to have Trustees who have a strong interest in encouraging wide community participation for health and leisure purposes, and an appreciation of the governance role. The policy is to have a strong, gender diverse trustee board with a range of experience and skills. We are currently actively recruiting new Trustees especially seeking those with skills or knowledge in: • Health
- Education
- Health and Safety
- Governance
- Community Engagement
- Fundraising and Grants
- Finance
## _**Major risks and management of those risks**_
## _General Risk Policy_
The Trustees regularly review all areas of activities to identify risks to the charity and potential risk areas. These include health and safety, operational and human risks, and reputational and financial risks.
The annual report was approved by the trustees of the charity on ...08/08/2024.......... and signed on its behalf by:
......................................... David Rigby Trustee
Page 4
## **Kidsgrove Sports Centre Community Group (CIO)**
## **Independent Examiner's Report to the trustees of Kidsgrove Sports Centre Community Group (CIO)**
I report to the trustees on my examination of the accounts of Kidsgrove Sports Centre Community Group (CIO) for the year ended 23 October 2023.
## **Responsibilities and basis of report**
As the charity trustees of Kidsgrove Sports Centre Community Group (CIO) you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Kidsgrove Sports Centre Community Group (CIO)'s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
Since Kidsgrove Sports Centre Community Group (CIO)'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 , which is one of the listed bodies.
I have completed my examination. I confirm that no material 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 Kidsgrove Sports Centre Community Group (CIO) as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting 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.
......................................
Daryl Denson ACMA
The Dudson Centre Hope Street Hanley Stoke-on-Trent ST1 5DD
Date:....13/08/2024..................
Page 5
## **Kidsgrove Sports Centre Community Group (CIO)**
## **Statement of Financial Activities for the Year Ended 23 October 2023**
|**Income and Endowments from:**
Donations and legacies
Other trading activities
Investment income
Total income
**Expenditure on:**
Raising funds - direct costs
Raising finds - support costs
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
**Note**
**Income and Endowments from:**
Donations and legacies
Other trading activities
Investment income
4
Total income
**Expenditure on:**
Raising funds - direct costs
Raising finds - support costs
Total expenditure
Net income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
18|**Note**
4
18
**Unrestricted**
**funds**
**£**
214,753
185,522
25
400,300
(106,843)
(21,394)
(128,237)
272,063
272,063
19,985
292,048|**Unrestricted**
**funds**
**£**
22,089
827,847
1,017
850,953
(435,583)
(255,941)
(691,524)
159,429
159,429
292,048
451,477
**Restricted**
**funds**
**£**
9,270
-
-
9,270
(9,270)
-
(9,270)
-
-
-
-|**Total**
**2023**
**£**
22,089
827,847
1,017|
|---|---|---|---|
||||850,953|
||||(435,583)
(255,941)|
||||(691,524)|
||||159,429|
||||159,429
292,048|
||||451,477|
||||**Total**
**2022**
**£**
224,023
185,522
25|
||||409,570|
||||(116,113)
(21,394)|
||||(137,507)|
||||272,063|
||||272,063
19,985|
||||292,048|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 18.
The notes on pages 8 to 18 form an integral part of these financial statements. Page 6
## **Kidsgrove Sports Centre Community Group (CIO)**
## **(Registration number: 1175301) Balance Sheet as at 23 October 2023**
|**Note**
**Fixed assets**
Tangible assets
12
**Current assets**
Stocks
13
Debtors
14
Cash at bank and in hand
15
**Creditors: Amounts falling due within one year**
16
**Net current assets**
**Total assets less current liabilities**
**Creditors: Amounts falling due after more than one year**
17
**Net assets**
**Funds of the charity:**
**Unrestricted income funds**
Unrestricted funds
**Total funds**
18|**2023**
**£**
223,725
-
18,074
347,183
365,257
(34,588)
330,669
554,394
(102,917)
451,477
451,477
451,477|**2022**
**£**
227,649
1,935
31,917
170,661|
|---|---|---|
|||204,513
(10,114)|
|||194,399|
|||422,048
(130,000)|
|||292,048|
|||292,048|
|||292,048|
The financial statements on pages 6 to 18 were approved by the trustees, and authorised for issue on .....08/08/2024....... and signed on their behalf by:
......................................... David Rigby Trustee
The notes on pages 8 to 18 form an integral part of these financial statements. Page 7
## **Kidsgrove Sports Centre Community Group (CIO)**
## **Notes to the Financial Statements for the Year Ended 23 October 2023**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Kidsgrove Sports Centre Community Group (CIO) meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees meetings and reimbursed expenses.
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £1,000 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
|**Asset class**|**Depreciation method and rate**|
|---|---|
|Sporting Equipment|Straight Line 10 years|
|Office Equipment|Straight Line 4 years|
|Computer Equipment|Straight Line 4 years|
Page 8
## **Kidsgrove Sports Centre Community Group (CIO)**
## **Notes to the Financial Statements for the Year Ended 23 October 2023 (continued)**
## **Stock**
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **Borrowings**
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Page 9
## **Kidsgrove Sports Centre Community Group (CIO)**
## **Notes to the Financial Statements for the Year Ended 23 October 2023 (continued)**
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
## **2 Income from donations and legacies**
|Donations and legacies;
Donations to major appeals
Grants, including capital grants;
Grants from other charities
Donations and legacies;
Donations to major appeals
Donations from companies, trusts and similar
proceeds
Donations from individuals
Gift aid reclaimed
Grants, including capital grants;
Government grants
Grants from other charities|**Unrestricted**
**funds**
**General**
**£**
23,133
66,817
14,197
2,140
78,396
30,070
214,753|**Unrestricted**
**funds**
**General**
**£**
3,870
18,219
22,089
**Restricted**
**funds**
**£**
-
-
-
-
9,270
-
9,270|**Total**
**2023**
**£**
3,870
18,219|
|---|---|---|---|
||||22,089|
||||**Total**
**2022**
**£**
23,133
66,817
14,197
2,140
87,666
30,070|
||||224,023|
Page 10
## **Kidsgrove Sports Centre Community Group (CIO)**
## **Notes to the Financial Statements for the Year Ended 23 October 2023 (continued)**
## **3 Income from other trading activities**
|Trading income;
Vending machine sales
Sales of goods and services
Swimming Leasons/Pool Hire
Membership subscriptions
Direct marketing income
Sports hall/gym/room hire
Trading income;
Vending machine sales
Sales of goods and services
Advertising revenue
Membership subscriptions
Direct marketing income
Sports hall/gym/room hire
**4**
**Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits
Interest receivable and similar income;
Interest receivable on bank deposits|**Unrestricted**
**funds**
**General**
**£**
14,756
82,154
78,955
471,107
155,677
25,198
827,847
**Unrestricted**
**funds**
**General**
**£**
3,147
15,469
417
133,917
28,514
4,058
185,522
**Unrestricted**
**funds**
**General**
**£**
1,017
1,017
**Unrestricted**
**funds**
**General**
**£**
25
25|**Total**
**2023**
**£**
14,756
82,154
78,955
471,107
155,677
25,198|
|---|---|---|
|||827,847|
|||**Total**
**2022**
**£**
3,147
15,469
417
133,917
28,514
4,058|
|||185,522|
|||**Total**
**2023**
**£**
1,017|
|||1,017|
|||**Total**
**2022**
**£**
25|
|||25|
Page 11
## **Kidsgrove Sports Centre Community Group (CIO)**
## **Notes to the Financial Statements for the Year Ended 23 October 2023 (continued)**
## **5 Raising funds direct costs**
## **a) Costs of trading activities**
|Costs of goods sold
Marketing and publicity
Depreciation, amortisation and other similar costs
Other direct costs of activities for generating funds
Staff costs
**Note**
Costs of goods sold
Legal fees
Marketing and publicity
Depreciation, amortisation and other similar
costs
Other direct costs of activities for generating
funds|**Note**
**Unrestricted**
**funds**
**General**
**£**
3,765
3,208
5,498
9,256
4,999
26,726|**Unrestricted**
**funds**
**General**
**£**
12,391
2,447
23,524
48,910
348,311
435,583
**Restricted**
**funds**
**£**
-
-
-
-
9,270
9,270|**Total**
**2023**
**£**
12,391
2,447
23,524
48,910
348,311|
|---|---|---|---|
||||435,583|
||||**Total**
**2022**
**£**
3,765
3,208
5,498
9,256
14,269|
||||35,996|
Page 12
## **Kidsgrove Sports Centre Community Group (CIO)**
## **Notes to the Financial Statements for the Year Ended 23 October 2023 (continued)**
## **6 Raising funds support costs**
|Audit and accountancy
Management consultancy
Postage
Admin Expenses
Insurance
Interest
Light, heat and power
Water
Operating lease
Printing and stationery
IT
Repairs and Maintenance
Uniforms
Subscriptions
Telephone and internet
Bank fees
Governance costs
Staff training
**Note**
Audit & Accountancy fees
Charitable and Political Donations
Entertainment - 0%
Postage, Freight & Courier
Admin expenses
Insurance
Interest Paid
Light, Power, Heating
Water bill
Operating Lease Payments
Printing & Stationery
IT Software and Consumables
Repairs & Maintenance|**Unrestricted**
**funds**
**General**
**£**
3,305
3,750
745
3,501
8,391
7,389
168,094
6,698
2,719
1,152
5,508
9,933
5,280
408
1,639
18,602
2,220
6,607
255,941
**Unrestricted**
**funds**
**General**
**£**
195
250
20
11
150
1,353
7,390
1,334
76
1,498
104
151
1,489|**Total**
**2023**
**£**
3,305
3,750
745
3,501
8,391
7,389
168,094
6,698
2,719
1,152
5,508
9,933
5,280
408
1,639
18,602
2,220
6,607|
|---|---|---|
|||255,941|
|||**Total**
**2022**
**£**
195
250
20
11
150
1,353
7,390
1,334
76
1,498
104
151
1,489|
Page 13
## **Kidsgrove Sports Centre Community Group (CIO)**
## **Notes to the Financial Statements for the Year Ended 23 October 2023 (continued)**
|**Note**
Uniforms
Subscriptions
Telephone & Internet
Health & Safety Expenses
Governance costs|**Unrestricted**
**funds**
**General**
**£**
1,413
661
247
2,046
1,206
1,800
21,394|**Total**
**2022**
**£**
1,413
661
247
2,046
1,206
1,800|
|---|---|---|
|||21,394|
## **7 Analysis of governance and support costs**
## **Governance costs**
|Independent examiner fees
Examination of the financial statements
Independent examiner fees
Examination of the financial statements|**Unrestricted**
**funds**
**General**
**£**
2,220
2,220
**Unrestricted**
**funds**
**General**
**£**
1,800
1,800|**Total**
**2023**
**£**
2,220|
|---|---|---|
|||2,220|
|||**Total**
**2022**
**£**
1,800|
|||1,800|
## **8 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
## **9 Staff costs**
The aggregate payroll costs were as follows:
Page 14
## **Kidsgrove Sports Centre Community Group (CIO)**
## **Notes to the Financial Statements for the Year Ended 23 October 2023 (continued)**
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs
The monthly average number of persons (including senior management /
charity during the year was as follows:
Direct Staff
No employee received emoluments of more than £60,000 during the year
**10 Independent examiner's remuneration**
Examination of the financial statements|**2023**
**£**
**2022**
**£**
327,545
78,034
13,566
303
7,200
1,780
348,311
80,117
leadership team) employed by the
**2023**
**No**
**2022**
**No**
31
6
**2023**
**£**
**2022**
**£**
2,220
1,800|**2022**
**£**
78,034
303
1,780|
|---|---|---|
|||80,117|
|||**2022**
**£**
1,800|
Page 15
## **Kidsgrove Sports Centre Community Group (CIO)**
## **Notes to the Financial Statements for the Year Ended 23 October 2023 (continued)**
## **11 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
## **12 Tangible fixed assets**
|**Land and**
**buildings**
**£**
**Cost**
At 24 October 2022
-
Additions
10,703
At 23 October 2023
10,703
**Depreciation**
At 24 October 2022
-
Charge for the year
254
At 23 October 2023
254
**Net book value**
At 23 October 2023
10,449
At 23 October 2022
-
**13 Stock**
Stocks
**14 Debtors**
Trade debtors
Prepayments
VAT recoverable
**15 Cash and cash equivalents**
Cash on hand
Cash at bank|**Office**
**equipment**
**£**
11,539
-
11,539
596
1,002
1,598
9,941
10,943|**Computer**
**equipment**
**£**
6,776
6,059||**Sports**
**Equipment**
**£**
218,591
2,838||**Total**
**£**
236,906
19,600
256,506
9,257
23,524
32,781
223,725
227,649
**2022**
**£**
1,935|
|---|---|---|---|---|---|---|
|||12,835||221,429|||
|||1,198
2,601||7,463
19,667|||
|||3,799||27,130|||
|||9,036||194,299|||
|||5,578||211,128|||
|||||**2023**
**£**
-
**2023**
**£**
13,122
14,779
(9,827)
18,074
**2023**
**£**
-
347,183
347,183|||
|||||||**2022**
**£**
103
24,877
6,937|
|||||||31,917|
|||||||**2022**
**£**
235
170,426|
|||||||170,661|
Page 16
## **Kidsgrove Sports Centre Community Group (CIO)**
## **Notes to the Financial Statements for the Year Ended 23 October 2023 (continued)**
## **16 Creditors: amounts falling due within one year**
|Trade creditors
Accruals
**17 Creditors: amounts falling due after one year**
Other loans
**18 Funds**
**Balance at 24**
**October 2022**
**£**
**Unrestricted funds**
**_General_**
General Fund
292,048
**Balance at 24**
**October 2021**
**£**
**Unrestricted funds**
**_General_**
General Fund
19,985
**Restricted**
Big Lottery
-
**Total funds**
19,985|**Incoming**
**resources**
**£**
850,953
**Incoming**
**resources**
**£**
400,300
9,270
409,570|**2023**
**£**
36,438
(1,850)
34,588
**2023**
**£**
102,917
**Resources**
**expended**
**£**
(691,524)
**Resources**
**expended**
**£**
(128,237)
(9,270)
(137,507)|**2022**
**£**
8,314
1,800|
|---|---|---|---|
||||10,114|
||||**2022**
**£**
130,000|
||||**Balance at 23**
**October 2023**
**£**
451,477|
||||**Balance at 23**
**October 2022**
**£**
292,048
-|
||||292,048|
Page 17
## **Kidsgrove Sports Centre Community Group (CIO)**
## **Notes to the Financial Statements for the Year Ended 23 October 2023 (continued)**
## **19 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets|**Unrestricted**
**funds**
**General**
**£**
224,295
365,257
(36,348)
(101,067)
452,137
**Unrestricted**
**funds**
**General**
**£**
227,649
197,576
(3,177)
(130,000)
292,048|**Total funds at**
**23 October**
**2023**
**£**
224,295
365,257
(36,348)
(101,067)|
|---|---|---|
|||452,137|
|||**Total funds at**
**23 October**
**2022**
**£**
227,649
197,576
(3,177)
(130,000)|
|||292,048|
## **20 Related party transactions**
There were no related party transactions in the year.
Page 18