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2023-08-31-accounts

		Page
Trustees' annual report
Independent examiner's report to the trustees
Statement offinancial	activities
Statement offinancial	position
Notes to the financial statements

							2023		2022
						Unrestricted	Restricted		(restaiedl
					Note	funds	funds E	Total funds E	Total funds f
Income and	endowments
Donations					5	564		564	11,292
Charitable activities					6	152,691		152,691	113,027
Investment	income				7	965		965
Other income					8	3,777		3,777	1,950
Total income						157,997		157,997	126,269
Expenditure
Expenditure	on charitable		activities		9,10	111,946	9,166	121,112	106,596
Total expenditure						111,946	9,166	121,112	106,596
Net income	and net movement			in funds		46,051	(9,166)	36,885	19,673
Reconciliation offunds
Total funds	brought	forward as		previously
reported						116,593	9,166	125,759	96,674
Prior year adjustment						(11,549)		(11,549)	(2,137)
Total funds	brought	forward as restated				105,044	9,166	114,210	94,537
Total funds	carried	forward				151,095		151,095	114,210

			Statement of Financial Po 31August 2023	sition
					2023	2022
				Note	6	(restatedj f
Fixed assets
Tangible fixed assets				17	16,065	21,560
Current assets
Debtors				18	1,084	1,047
Cash at bank and	in	hand			138,344	113,421
					139,428	114,468
Creditors: amounts		falling	due within one year	19	1,898	11,818
Net current assets					137,530	102,650
Total assets less	current		liabilities		153,595	124,210
Creditors: amounts		falling	due after more than one year	20	2,500	10,000
Net assets					151,095	114,210
Funds ofthe charity
Restricted funds						9,166
Unrestricted funds					151,095	105,044
Total charity funds				22	151,095	114,210

Adjustme	nts to the comparative figures as f	nts to the comparative figures as f	ollows:
Opening	Unrestricted Reserves		Decreased	by	2,137
Income from Charitable		Activities	Decreased	by	9,412
Creditors	Under 1Year		Increased	by	11,549
Cash at	Bank		Increased	by	10,000
Creditors	Over 1 Year		Increased	by	10,000

5.	Donations
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
						(restated)
						f.
	Donations
	Donations		64	64	11,292	11,292
	Local Giving		500	500
			564	564	11,292	11,292
6.	Charitable	activities

6.	Charitable	activities
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
			f		f	(restated) F
	Gymnastic	sessions fee income	152,691	152,691	113,027	113,027
7.	Investment	income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
			f	f.	f	(restated) F
	Bank interest receivable		965	965
8.	Other income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
				f	f	(restated) F
	Commission	on sale of gym kit	787	787	1,950	1,950
	Rental income		2,990	2,990
			3,777	3,777	1,950	1,950

9.	Expenditure	on charitable	acti	vities	by fund type
						Unrestricted	Restricted	Total Funds
						Funds	Funds	2023
						E	6
	Gymnastic	sessions				109,306		109,306
	Sports Wales Capital Equipment			Fund			9,166	9,166
	Support costs					2,640		2,640
						111,946	9,166	121,112
						Unrestricted	Restricted	Total Funds
						Funds	Funds	2022
								(restated)
								F
	Gymnastic	sessions				97,766		97,766
	Sports Wales Capital Equipment			Fund			8,830	8,830
	Support costs
						97,766	8,830	106,596
10.	Expenditure	on charitable	activities		by activity type
					Activities
					undertaken	Support	Total funds	Total fund
					directly	costs	2023	2022
					8	6	E	F
	Gymnastic	sessions			109,306	2,640	111,946	97,766
	Sports Wales Capital Equipment			Fund	9,166		9,166	8,830
					118,472	2,640	121,112	106,596

				Gymnastic
				sessions P	Total 2023 f	Total2022
Communications		and IT		428	428
General office				892	892
Independent	examination		fees	1,320	1,320
				2,640	2,640

							2023	2022
								(restated/
							5	F
	Depreciation		oftangible	fixed assets			9,456	8,830
	Operating	lease rentals					31,839	30,980
14.	Independent		examination		fees
							2023	2022
								(restated/
								5.
	Fees payable		to the independent			examiner for:
	Independent		examination		ofthe	financial statements	1,320

Staff costs
The total staff costs and	employee	benefits for the reporting	period	are analysed as	follows:
				2023	2022
					(restated/
				6	F
Wages and salaries				32,059	31,674
Employer contributions	to pension	plans		613
				32,672	31,674

							At
		At 1 Sep 2022	Income	Expenditure	Transfers	Prior year adjustments	31 Aug 202 3
		L		6	F	F
General funds		116,593	157,997	(111,946)		(11,549)	151,095
							At
		At				Prior year	31 Aug 202
		1 Sep 2021	Income	Expenditure	Transfers	adjustments	2
			F	F	L	5
General funds		78,413	126,269	(97,766)	265	(2,137)	105,044
Restricted	funds
							At
		At				Pnor year	31Aug 202
		1 Sep 2022	Income	Expenditure	Transfers	adjustments	3
		F		L	5	E
Sports Wales
Capital
Equipment	Fund	9,166		(9,166)
I ucy Ellis
Foundation
		9,166		(9,166)
							At
		At				Prior year	31 Aug 202
		1 Sep 2021	Income	Expendituref	Transfers 5	adkustments 5	2 5
Sports Wales
Capital
Equipment	Fund	17,996		(8,830)			9,166
Lucy Ellis
Foundation		265			(265)
		18,261		(8,830)	(265)		9,166

Analysis	of net as	se	ts between funds
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2023
						6
Tangible	fixed assets			16,065		16,065
Current	assets			139,428		139,428
Creditors	less than	1	year	(1,898)		(1,898)
Creditors	greater than		1 year	(2,500)		(2,500)
Net assets				151,095		151,095
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2022
				6
Tangible	fixed assets			12,394	9,166	21,560
Current assets				114,468		114,468
Creditors	less than	1	year	(11,818)		(11,818)
Creditors	greater than		1 year	(10,000)		(10,000)
Net assets				105,044	9,166	114,210

Operating lea	Operating lea	se commit	ments
The total future		minimum	lease payments	under non-cancellable	operating	leases are	as follows:
						2023	2022
							(restated)
						8	6
Not later than		1 year				28,152	28,152
Later than	1 year and not		later than 5years				28,152
						28,152	56,304