OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-10-01-accounts

Company registration number: CE027675 Charity registration number: 1197184

Rugby Gymnastics Club

(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 30 September 2023

David Turner - AIMS Accountancy 32 Caxton House Northampton Science Park Kings Park Road, Moulton Park Northampton NN3 6LG

Rugby Gymnastics Club

Contents

Reference and Administrative Details 1
Trustees' Report 2 to 5
Statement of Trustees' Responsibilities 6
Independent Examiner's Report 7
Statement of Financial Activities 8 to 9
Balance Sheet 10
Notes to the Financial Statements 11 to 22

Rugby Gymnastics Club

Reference and Administrative Details

Trustees Elaine Skates Howard Clewlow Helen Gardner James McKee Principal Office Rugby Gymnastics Club Kilsby Lane Rugby Warwickshire CV21 4PN The charity is incorporated in England. Company Registration Number CE027675 Charity Registration Number 1197184

Independent Examiner David Turner - AIMS Accountancy 32 Caxton House Northampton Science Park Kings Park Road, Moulton Park Northampton NN3 6LG

Page 1

Rugby Gymnastics Club

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 30 September 2023.

Objectives and activities

Objects and aims

To help and educate children and young persons in Rugby and surrounding district through participation in gymnastics so to develop their physical, mental and spiritual capacitites that they may be helped to grow to full maturity as individuals and members of society.

The Promotion of community participation in health recreation for the benefit of the inhabitants of Rugby and the surronding area by the provision of facilities to participate in gymnastics.

Public benefit

The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Structure, governance and management Financial instruments

Objectives and policies

The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.

Cash flow risk

The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.

Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.

Credit risk

The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments.

The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies. The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Liquidity risk

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.

Page 2

Rugby Gymnastics Club

Trustees' Report

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Rugby Gymnastics Club for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 3

Rugby Gymnastics Club

Trustees' Report

Statement of Trustees' Responsibilities Structure Governance and Management

Type of governing document: Charity Number 1197184

How the charity is constituted: Club Rules/Articles

Trustee Selection methods: Trustee are appointed or re-appointed at the AGM held in October/November

Objectives and Activites

PlayGym - a soft play area is set up for children 3 years of age and under. These classes have now returned to 40 minute sessions and reverted to 15 spaces per session because of the space we now have available.

Pre-school - A gym session for chilrden 4 years and over who have not started school yet. Parents can wait and observe, through the vision panels in the waiting area and children partcipate in a more structured 45 minute session. These sessions have also reverted back to 15 children per session.

General gymnastics - we have now increased the number of children per coach to 7 and are, depending on the coach availibility, also trying to increase to a maximi capacity of 8 groups in each session. Total capaity is 8 groups of 7 for 24 sessions = 1,344 general gymnasts per week.

All the squads are now back at training on their full hours.

Achievements and performance

All competitions programmes for our squads are fully open and running and our Head of Disciplines have full reports on the great achievements.

Our biggest achievement this year is that we finished phase one of our new build at the end of may and re-located, opening our doors to members, on Monday June 5th. Full details of the new build are in the Development Director's report.

Financial Review

Our accounts thie year show higher expenditure than income. This is because if we discount all the grants that have come in and all the ecpenditure on the building facility, we show a profit of £24,445. As detailed below:

Income - £1,875,619 minus Grants totalling £1,451,432 leaves £424,187

Expenditure - £2,246,891 Minus Professional fees for building works totalling £1,821,558 minus new equipment purchased £18,863 and new build purchases like carpet tiles and fitting £11,724 leaves £394,742

Page 4

Rugby Gymnastics Club

Trustees' Report

Statement of Trustees' Responsibilities

In summary compared to 2022:

Income

General is up by £62K PlayGym is up by £9,380 Pre-School is up by £28,832 Adult Gym starting from Aug 2023 £890 Tumbling is down by £5k MAG up by £5k WAG up by £2k Parties - we held our first one in September 2023 - £150 Clothing has stayed the same

Expenditure

Salaries up by £48,000 Rent up by £6.5k rates up by £880 Utlilities down by £2k Phone up by £1,350 Computer/Software up by £863 Insurance up by £3k Repairs & Renewals up by £23k Cleaning down by £837

The annual report was approved by the trustees of the charity on 23 October 2023 and signed on its behalf by:

......................................... Elaine Skates Trustee

......................................... Howard Clewlow Trustee

Page 5

Rugby Gymnastics Club

Statement of Trustees' Responsibilities

The trustees (who are also the directors of Rugby Gymnastics Club for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the trustees of the charity on 23 October 2023 and signed on its behalf by:

......................................... Elaine Skates Trustee

......................................... Howard Clewlow Trustee

Page 6

Rugby Gymnastics Club

Independent Examiner's Report to the trustees of Rugby Gymnastics Club

I report on the accounts of the charity for the year ended 30 September 2023 which are set out on pages 8 to 22 .

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ICAEW.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met; or

......................................

David Turner, Aims Accountancy ICAEW

32 Caxton House Northampton Science Park Kings Park Road, Moulton Park Northampton NN3 6LG

23 October 2023

Page 7

Rugby Gymnastics Club

Statement of Financial Activities for the Year Ended 30 September 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Other income
6
Total Income
Expenditure on:
Raising funds
Charitable activities
7
Total Expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19
Note
Income and Endowments from:
Donations and legacies
3
Charitable activities
4
Total Income
Expenditure on:
Charitable activities
7
Total Expenditure
Net income
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward
19		 Unrestricted
funds
£
1,451,433
419,545
4,333
218
1,875,529
(63,834)
(393,918)
(457,752)
1,417,777
1,417,777
1,087,312
2,505,089
Unrestricted
funds
£
150,127
2,264
152,391
(25,129)
(25,129)
127,262
127,262
960,050
1,087,312		 Total
30
September
2023
£
1,451,433
419,545
4,333
218
1,875,529
(63,834)
(393,918)
(457,752)
1,417,777
1,417,777
1,087,312
2,505,089
Total
30
September
2022
£
150,127
2,264
152,391
(25,129)
(25,129)
127,262
127,262
960,050
1,087,312

Page 8

Rugby Gymnastics Club

Statement of Financial Activities for the Year Ended 30 September 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2022 is shown in note 19.

Page 9

Rugby Gymnastics Club

(Registration number: CE027675) Balance Sheet as at 30 September 2023

Note
Fixed assets
Tangible assets
14
Current assets
Stocks
15
Debtors
16
Cash at bank and in hand
Creditors: Amounts falling due within one year
17
Net current assets
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
19		 30
September
2023
£
2,487,343
1,852
14,235
10,009
26,096
(8,350)
17,746
2,505,089
2,505,089
2,505,089		 30
September
2022
£
718,203
1,852
(5,487)
373,665
370,030
(921)
369,109
1,087,312
1,087,312
1,087,312

The financial statements on pages 8 to 22 were approved by the trustees, and authorised for issue on 23 October 2023 and signed on their behalf by:

......................................... Elaine Skates Trustee

......................................... Howard Clewlow Trustee

Page 10

Rugby Gymnastics Club

Notes to the Financial Statements for the Year Ended 30 September 2023

1 Charity status

The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Rugby Gymnastics Club meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Page 11

Rugby Gymnastics Club

Notes to the Financial Statements for the Year Ended 30 September 2023

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

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 £0.00 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:

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.

Page 12

Rugby Gymnastics Club

Notes to the Financial Statements for the Year Ended 30 September 2023

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

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 charity 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.

Trade creditors 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's discretion in furtherance of the objectives of the charity.

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.

Page 13

Rugby Gymnastics Club

Notes to the Financial Statements for the Year Ended 30 September 2023

Financial instruments

Classification

Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.

Recognition and measurement

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.

Page 14

Rugby Gymnastics Club

Notes to the Financial Statements for the Year Ended 30 September 2023

Debt instruments

Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:

(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.

(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.

(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).

(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.

(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.

(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).

Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.

With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.

Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.

Investments

Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.

Page 15

Rugby Gymnastics Club

Notes to the Financial Statements for the Year Ended 30 September 2023

Derivative financial instruments

The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.

Fair value measurement

The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.

3 Income from donations and legacies

Unrestricted funds

Grants, including capital grants;
Grants from other charities		 General
£
1,451,433
1,451,433		 Total
30
September
2023
£
1,451,433
1,451,433		 Total
17 December
2021 to 30
September
2022
£
150,127
150,127

4 Income from charitable activities

Unrestricted funds

Gymnastics Membership General
£
419,545		 Total
30
September
2023
£
419,545		 Total
17 December
2021 to 30
September
2022
£
2,264

Page 16

Rugby Gymnastics Club

Notes to the Financial Statements for the Year Ended 30 September 2023

5 Income from other trading activities

Events income;
Other events income
6
Other income
Rental income
7
Expenditure on charitable activities
Note
Governance costs
8		 Unrestricted
funds
General
£
393,918		 Unrestricted
funds
General
£
4,333
4,333
Unrestricted
funds
General
£
218
Total
30
September
2023
£
393,918		 Total
30
September
2023
£
4,333
4,333
Total
30
September
2023
£
218
Total
17 December
2021 to 30
September
2022
£
25,129

£393,918 (2022 - £25,129) of the above expenditure was attributable to unrestricted funds and £Nil (2022 - £Nil) to restricted funds.

Page 17

Rugby Gymnastics Club

Notes to the Financial Statements for the Year Ended 30 September 2023

8 Analysis of governance and support costs

Governance costs

Unrestricted funds

Staff costs
Wages and salaries
Social security costs
Pension costs
Other staff costs
Independent examiner fees
Independent examiner's fee
Rent
Rates
Water rates
Light, heat and power
Insurance
Repairs and maintenance
Telephone and fax
Office expenses
Sundry expenses
Cleaning
Travel and subsistence
Legal and professional fees
Loan interest
Credit card charges
Depreciation of plant and machinery
Depreciation of fixtures and fittings		 General
£
216,669
53,962
11,955
466
910
3,283
3,228
1,194
3,508
14,005
1,228
3,190
5,478
-
12,672
4,278
37,497
18,295
264
1,434
402
393,918		 Total
30
September
2023
£
216,669
53,962
11,955
466
910
3,283
3,228
1,194
3,508
14,005
1,228
3,190
5,478
-
12,672
4,278
37,497
18,295
264
1,434
402
393,918		 Total
17 December
2021 to 30
September
2022
£
15,951
4,049
620
300
70
-
125
-
628
-
-
231
375
970
1,228
538
-
-
44
-
-
25,129

Page 18

Rugby Gymnastics Club

Notes to the Financial Statements for the Year Ended 30 September 2023

9 Net incoming/outgoing resources

Net incoming resources for the year include:

Depreciation of fixed assets

30 September 2023 £ 1,836

10 Trustees remuneration and expenses

The amount expenses waived by the trustees during the year totalled £Nil (2022 - £Nil).

11 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Social security costs
Pension costs
Other staff costs		 2023
£
216,669
53,962
11,955
466
283,052		 30
September
2022
£
15,951
4,049
620
300
20,920

No employee received emoluments of more than £60,000 during the year.

12 Independent examiner's remuneration

Other fees to examiners
The examining of accounts of any associate of the charity		 Year ended
30
September
2023
£
910		 17 December
2021 to 30
September
2022
£
70

Page 19

Rugby Gymnastics Club

Notes to the Financial Statements for the Year Ended 30 September 2023

13 Taxation

The charity is a registered charity and is therefore exempt from taxation.

14 Tangible fixed assets

14 Tangible fixed assets
Cost
At 1 October 2022
Additions
At 30 September 2023
Depreciation
At 1 October 2022
Charge for the year
At 30 September 2023
Net book value
At 30 September 2023
At 30 September 2022
15 Stock
Stocks
16 Debtors
Trade debtors
Prepayments		 Land and
buildings
£
701,852
1,770,976		 Furniture
and
equipment
£
91,407
-
91,407
75,056
1,836
76,892
14,515
16,351
30
September
2023
£
1,852
30
September
2023
£
(5,765)
20,000
14,235		 Furniture
and
equipment
£
91,407
-		 Total
£
793,259
1,770,976
2,564,235
75,056
1,836
76,892
2,487,343
718,203
30
September
2022
£
1,852
2,472,828 91,407
-
-		 75,056
1,836
- 76,892
2,472,828 14,515
701,852 16,351
30
September
2022
£
(5,487)
-
(5,487)

Page 20

Rugby Gymnastics Club

Notes to the Financial Statements for the Year Ended 30 September 2023

17 Creditors: amounts falling due within one year

Trade creditors
Other creditors		 30
September
2023
£
8,349
1
8,350		 30
September
2022
£
920
1
921

18 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £11,955 (2022 - £620).

19 Funds

Unrestricted funds
General
Unrestricted funds
General		 Balance at 1
October 2022
£
(1,087,312)
Balance at 17
December
2021
£
(960,050)		 Incoming
resources
£
(1,875,529)
Incoming
resources
£
(152,391)		 Resources
expended
£
457,752
Resources
expended
£
25,129		 Balance at
30
September
2023
£
(2,505,089)
Balance at
30
September
2022
£
(1,087,312)

20 Analysis of net assets between funds

Page 21

Rugby Gymnastics Club

Notes to the Financial Statements for the Year Ended 30 September 2023

Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
2,487,343
26,096
(8,350)
2,505,089		 Total funds
£
2,487,343
26,096
(8,350)
2,505,089

21 Analysis of net funds

21 Analysis of net funds
Cash at bank and in hand
Net debt		 At 1 October
2022
£
373,665
373,665		 Cash flow
£
(363,656)
(363,656)		 At 30
September
2023
£
10,009
10,009

Page 22