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2023-03-31-accounts

YMCA BARRY, 2022- 2023 Yn¢A Here foryoung pe Her• forcommunltl H*r• foi you

Boord of Management- Governance Trustee5 Sitting on the Boord of Mona9errEnt during the year Mrs Lesley VirgSn Mr Geoff l)awes Mrs Joyce Dent Mr Kevin Ruwersma CIIT Sondro Perkes Cllr Ewan Goodjohn Chair Wice Chair Treasurer Appointed 23rd September 2022 RepresentiThJ 8orry Town Counal Appointed 22TrJ Moy 2022 Representing Bory Town COU￿11 Appointed 22nd Moy 2022 Representing the Vole of Glomorgon COU￿11 Clly N(Joml Morshollsea Appointed 22nd May 2022 Representing the Vole of amtygon Council Cllr Emmo Cs)odjohn The Boord trustees sign o Code of Conduc( o Register of Interest and complete a DBS chec The Board meets six times a year arKI there are committees that report to the Board.V Functions of the Board of Management Responsily'lity For overall governance ond strategic direction fof efficient use of funds ond PrO￿rtY To ensure the aims. objectives and wnisationol goals are In accordance with the assLKiation'$ 9oveming document Appointing ond monitoring the work of senior staff Bory YMCA is offilioted to YMCA Englond orKI Wale> Registered office". Court Road. Codoxton. Barry. Vale of Glamorgan. CF63 4EE Charity Number. 251245 Independent financial Examiner: MH& Elfed House, Ook Tree Court, Cardiff Gate Business Park, Cardiff, CF23 8RS.

Choir's Report 2022-2023 It give5 me the greotest pieo5UTe to present this YMCA Borry Annuol Report which incorporotes summary financial information from the financial statements for the year ended 31 March 2023. YMCA Borry 15 a re9iStered Charity and is controlled ond directed by o Board of Monogement comprisin9 volunteer trustees and local g0￿Mment representottves. l am extremely grateful for the support of my colleogues on the Board. We have been fortunate in welcoming new trustees. extending the specialist skills of the Board membership and benefitting overoll from the additional value thot differing perspectives hole brought to our discussions. Each year seems to bring its particular challenges ond this year has been no exception. The cost-of-living crisis presented the organisotion with significont ond existential challenges. The shock ond scole of the unprecedented increases in the costs of 9os and electricity required urgent review of running costs, cash flow and income. The success of the resulting chonge5, economies. programrniry arKI fundraising h05 been nothirrfj short of outstandirmj. The strategic thinking and foresight of tk Chief Executive Officer have not only ensured that mojor financial difficulties hove been avoided but also motivoted members of the YMCA Borry teom to reoch on increased level of achievement and innovotion. This has induded indr¥iduals- receiving the Welsh Gymnastics Community Coach of the Year Aword for inclusive gymnastics cooching- Tepresenting Woles ot the 2022 Commomweolth Gome¥ being invited to train full-time crt the Welsh Centrolised Acodery wfth Welsh National Cooches; gainirrfj multiple oword5 Qt V*rfs Artistic We15h Chompion5hip5 together with expansion of the orgonisotion by establishing in Penorth its first satelibte club- the Silver Stars of YMCA Barry. On behalf of the Board of Management. I thank all stoff and volunteers for their enthusiasm and commitment. ar￿j cor4JTotulote t￿rn for their continuin9 success. Mrs Lesley Virgin Chair, YMCA Borry

250 children competed in the duvs first recreatK>nol club cornpetition since prtrpandemic. SO children in the cluvs advanced competition and 200 children completed their proficiency badges. All of the events were extremely popular arKI something that the children absolutety needed after the diffKult two yeors that they had experienced Junlor School Gymnastlcs Taster Sessions and Summer of Fun Presthool Clos￿$ The Vole of Glomoryon Swt ond Hoy Teom sent sunws out to local Bwry schools to identify ¥4that sports the children wanted to participate in. The top th￿e choices were Gymnastics. Trampolining and Donce, and the teom opproached YMCA Borry ononge taster sessions. club delivered free gymnostics toster sessions to school chIld￿n in yeors 3 to 6 from four local Primory Schools. The chIld￿n from th￿ schools come to the club and YMCA Boiry cooches provided off site closses ot ¢)ne prlmory school 05 It wos t¢)0 for for the children to wolk Altogether. 600 chlldTen attended gymnostics closses over the course of fFve weeks. They thoroughly enjoJ*d their sessions with many children signing up to the club to continue with gymnostic In oddition, YMCA Borry Worked wtth the Vole of Glomorgon Sport ond Play Teom to run free preschool toster sessions for children in the surrounding oreo. Sixty children ¢Jttended the sessions whith voried from Free Play Gymtots, Structured Coach led Gymtots 05 well as independent preschoc4 classes. The child￿n arKI parents enjoyed the sessions ond many continued to attend the drop in Gymtots sessions ot the club.

Blrmlngham 2022 Commonwealth Game5 YMCA Borry has a long history of Cc(nmorwealth Games representotion, ond the 2022 Gomes in Birmin9ham was no exceptior YMCA Borry 9ymnast J05h Cook underwent mony g￿n0511t$ triols gain o ploce in the Team to reP￿seTrt WoEes ot the 2022 Commonwealth Game5, Josws second games. Josh competed on all six apporatus within the Team competition ord ￿lPed Wales secure 6th team positiorn Due to Jo$￿$ high levet of skill he quolified for the Individual All-Around competition ond daimed 13th ￿ra11 out of ali the best gymnosts in the Commonwealth countries. This w05 0 huge achievement for Josh. YMCA Barry and Te(Th Wales. io

Helping young people to belong, contribute and thrlve. li

Femole Advanced e femole odwjnced section rf the dub has a successfijl yeor wi nasts 90inin9 places withiD the South Centrnl Welsh Squad one in the Welth FDundation Squad and In Development Squ(xl. In addf(ion, SIX 9ymnosb ere selected to present Soth Centrol Wales within the NlÈlsh FIMI competit. Oiivla Melinn has been t ing at ThCA Bany sirKe the oge of thtee and now - otten years old hos been competirvJ at on Elite leveL Due to Olivia's hl9h level ond work ethic. she hos irwited to troln in the full tlme ot the Welsh .. Centrallsed Academy with the Welsh Coache5. Thls Is a great attdawnent and we ore oll looking fofword hw Olfvia progfesses ,rfthln the Elite prograrnrne. 13

ro YMCA gymnasts helped Woles secure 5th place In the team competition at the Northern European Champlonships 15

The following figures are
1 April 2022 to 31 March
The financial~ts		 taken from the
2023, approved
were subject to		 signed gnsncial s
by the Irustses
an Independent		 talemenls
of
of Barry YMC
Examinalion.		 Barry YMCA fo
A on 8Septem		 r the period
ber 2023.
Annual
0 pe ra gona:		 Unrestricted Restricted 31-Mnr-23 31&or-22
funds funds Total Total
f 8 8 f
Income:
Donalions and voluntary gmnls 18240 23,922 42,162 40,501
Charitable
acdv ilies		 503,974 2,261 505,235 399,591
Olher trading acbvrges 38,258 0 38,258 13,229
Invesanent
income		 254 0 254 10
Olher inoome 0 0 0 0
Total incoming
msources		 560,726 26,183 586,909 453,331
Less:
Raising funds (15,399) - (15,399) (3,972)
Expenditure
relaling
toprovision of		 (497,666) (63,393) (561,059) (506,783)
chanlabls
activliiea
Total resources expended (513,065) (63,393) (576,458) (510,755)
NET INCOME(EXPEND(IU RE) 47,661 (37,210) 10,451 (57,424)
Transfers between funds 1,000 (1,000)
Net movement
in funds		 48,661 (38,210) 10,451 (57,424)
RECONCILIATION
OF FUNDS
Total funds brought
fonvard		 1,093,892 1,671,084 2,764,976 2.822,400
TOTAL FUNDS CARRIED FORWARD 1.142,553 1,632,874 2,775,427 2.764,976
$1-Mar-2$ 31-Mar-22
f
Fixed assets comprising property,
fixtures and equipment 2,853,693 2.924,903
Rocks held 3,254 0
Debtors being what the chadty is owed 11,468 16,377
Cash, being monies
held atthe bank		 187,211 108,873
and in hand
3,055,628 3,050,153
Less: What the charity owes
Suppliers
and other creditors		 (50,815) (50,947)
Loan due after more then one year (229,584) (234,230)
280.199 285,177
Leaving what the charity owns 2,775,427 2.784,976
The funds ofthe charity comprise:
Unrestricted
funds		 L142,553 1,093,892
Restricted funds 1,632,874 1,671,084
27H 427 2TS4976

YMCA BaTry Court Road, Vale of Glamorgan. CF63 4EE vMw.ymcoborry.org.uk 01446 724000 Chafty No. 251245

Page
Report ofthe Trustees 1 to 7
Independent
Examiner's		 Report
Statement of Financial Activities
Balance Sheet 10
Cash Flow Statement
Notes to the Cash Flow Statement 12
Notes to the Financial Statements 13 to 25
Detailed Statement of Financial Activities 26 to 27

Trustees
L Virgin Chair
G Device Vice-Chair
J Dent Treasurer
C Elmore Resigned 21 1022
K Ruwersma Appointed 23.09.22
J Hill-Tout Appointed 26.05.23
Cllr Emma Goodjohn Representative ofVale of Glamorgan Council Appointed 15.07.22
Cllr Sandra Perkes Representahve of Barry Town Council
Cllr Ewan Goodjohn Representative of Barry Town Council Appointed 150722
Cllr Lis Burnett Representative ofVale ofGlamorgan Counci1 Resigned 10.06.22
Cllr Kathryn McCaffer Representative ofVale of Glamorgan Council Resigned 10.06.22
Cllr Helen Payne Representative of Barry Town Council Resigned 19.05.22
Cllr Naomi Marshallsea Representative ofVale of Glamorgan Council Appointed 15.07.22 - resigned
10.05.23
Property b'ustees
L Owens
C Boffin Passed away 26.03.2022
SWeston

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes 6 E 6 6
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 18,240 23,922 42,162 40,501
Charitable
activit/as
General 503,974 2,261 506,235 399,591
Other tradmg
activities		 38,258 38,258 13,229
Investment
income		 254 254 10
Total 560,726 ~26 183 586,909 453,331
EXPENDITURE ON
Raising funds 7 15,399 15,399 3,972
Charitable
activities		 8
General 497,666 63393 561,059 506783
Total 513,065 63,393 576,458 510755
NET INCOME/(EXPENDITURE)
Transfers
between funds		 23 47,661
1000		 (37,210)
~1,000)		 10,451 (57,424)
Net movement
in funds		 48,661 (38,210) 10,451 (57,424)
RECONCILIATION
OF FUNDS
Total funds brought
forward		 1,093,892 1,671,084 2,764,976 2,822,400
TOTAL FUNDS CARRIED FORWARD 1,142,553 ~1632874 2775427 2,764 976

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes 6 6 6
FIXEDASSETS
Tangible
assets		 15 1,220,819 1,632,874 2,853,693 2,924,903
CURRENT ASSETS
Stocks 16 3,254 3,254
Debtors
Cash at bank end in hand		 17 11,468
~187211		 11,468
187,211		 16,377
108,873
201,933 201,933 125,250
CREDITORS
Amounts
falling due within one year		 18 (50,615) (50,615) (50,947)
NET CURRENT ASSETS 151,318 151318 74 303
TOTAL ASSETSLESSCURRENT LIABILITIES 1,372,137 1,632,874 3,005,011 2,999,206
CREDITORS
Amounts
falling due after more than one		 year 19 (229,684} (229,584) (234,230)
NET ASSETS ~1142553 1,632874 ~2775 427 2,784,976
FUNDS 23
Unrestricted
funds		 1,142,553 1,093,892
Restricted
funds		 1,632,674 ~1671084
TOTAL FUNDS ~2775427 2,764,976
The 6nancial
statements
were approved		 by the Board of Trustees
end authorised		 for issue on ..........~..tL,~...~3

2023 2022
Notes 6
Cash flows from operating activities
Cash generated
from operations
Interest paid		 102,583
~12,612		 42,567
~9,820
Net cash provided
by operating
activities		 89,971 ~32 747
Cash flows from investing activities
Purchase oftangible
fixed assets
Sale oftangible
fixed assets		 (6,044) (22,254)
1,200
Interest received 251 10
Net cash used in investing activities ~5,793) ~21 044)
Cash flows from financing activities
Loan repayments
m year		 ~5840 8,229
Net cash used
in finanang		 activities ~5,840) ~8229)
Change
in cash and cash		 equivalents in
the reporting
period
Cash and cash equivalents		 at the 78,338 3,474
beginning
ofthe reporting		 period 108,873 ~105399
Cash and cash equivalents at the end of
the reporting
period		 187,211 108,873

RECONCILIATION
ACTIYITIES		 OF NE T INCOME/(EXPE NDITURE)
TO NET CASH FLOW FR		 OM OPERATING
2023
E		 2022f
Net income/(expenditure)
ofFinancial Activities)		 for the reporting period (as per the Statement 10,451 (57,424)
Adjustments
for.
Depreciation
charges		 78,755
Loss on disposal of fixed assets 431
Interest received (251) (10)
Interest paid 12,612 9,820
Increase
in stocks
Decrease
in debtors		 (3,254)
4,909		 7,712
Increase
in creditors		 862 3,283
Net cash provided by operations 102,583 42 567
2. ANALYSIS OF CHANGES IN NET DEBT
At 1/4/22 Cash flow At 31/3/23
E f E
Net cash
Cash at bank and in hand ~108873 78,338 ~187211
108873 ~78 338 187,211
Debt
Debts falling due within
Debts falling due after 1		 1 year
year		 (8,481)
~234 230)		 1,194
~4646		 (7,287)
~229,584
~242 711) ~5840 L236,887711)
Total ~133838 84 178 ~49660)

2023f 2022
Donated goods/services 3,240 3,240
Donations 1,164
Grants 38,922 36,097
42,162 40,501
Donated goods/services each year represents rent for land not charged to Barry YMCA
Grants received, included in the above, are as follows:
2023 2022
6 6
Simon Gibson Charitabkr Trust 3,000 3,000
Coronavirus
Job		 retention scheme 25,207
The Moondance Foundation
—upgrading
front		 doors/gazebo 6,390
WCVA Kickstart Scheme 1,500
The Moondance Foundation - energy support 10,000
The National
Lottery Community		 Fund - energy efficiency project 9,507
Barry Town Council - energy efficiency proiect 1,561
The Vale of Glamorgan
Council -		 Stronger Communities energy efficiency 3,000
project
Commumty
Matters
Fund		 - National Grid Electncity Distribution 9,854
Asda Foundation -energy support 2,000
36,097

2023 2022
cc
Vending machine sales 11,886 243
Fundraising 6,380 227
Cafe —rental income 6,140 10,000
Venue agreement —Cowork local Town Square Spaces 5,000
Clothing sales 8852 ~2759
38258 ~13 229
5. INVESTMENT INCOME
2023 2022
6 6
Bank mterest receivable 254 10
6. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
6
Grants 2,261 14,640
Activities and associated
income 387,070 288,378
Letting fees 59,391 44,873
Partnership
working		 57513 ~51 700
506,235 ~399591
Grants received, included in the above, are as follows:
2023 2022
6
The Vale ofGlamorgan Council —Winter Wellbeing Fund 3,080
The Vale of Glamorgan Counal —Letter to Santa Scheme 1,000
Always X Sported Campaign 200
Sport Wales - Be Active Fund 9,360
Tesco Bags of Help Grant Scheme 1,000
Arnold
Clark Community		 Fund —Pre-school equipment 1,000
Coaches ofthe Future - coach development oppportunibes 518
The Vale ofGlamorgan Council —Summer of Fun 273
Welsh Gymnastics - growth of pre-school opportunities 470
2,261 ~14 640

RAISING FUNDS RAISING FUNDS
Other trading acdvities
2023 2022
f 6
Fundraising
costs		 789 14
Vending
machine costs		 8,621 1,196
Clothing purchases 5,989 2,762
15,399 3,972
8. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 9) note 10) Totals
6 E 8
General 539955 21,104 561,059
DIRECT COSTS OF CHARITABLE ACTIVITIES
2023 2022f
Employment
costs		 340,450 304,858
Establishment
costs		 43,761 40,233
Repairs, maintenance and cleamng 37,909 31,661
Office expenses 8,575 3,911
Pnnting,
postage
&stationery		 2,953 2,015
Other direct costs 10,291 10,141
Gymnastics
administration		 software 9,335 6,475
COVID-19 specific costs 26 1,194
Travel and subsistence 2,031 1,399
Major Music project costs 3,458
Bank charges 1,180 838
Fixed asset depreciation 77,254 78,755
Competition
costs		 6,190 2,267
Loss on sale ofassets 431
539,955 487,636

STAFF COSTS
2023
f		 2022
Salaries 290,587 262,931
Social security 15,649 13,145
Pension contributions 34214 28,782
~340450 304858
Average number ofemployees 19 17

Unrestricted Restricted Total
funds funds funds
F 5
INCONIE AND ENDOWMENTS FROM
Donations and legacies 34,111 6,390 40,501
Charitable activities
General 385,151 14,440 399,591
Other trading
activities		 13,229 13,229
Investment income 10 10
Total 432 501 20830 453,331
EXPENDITURE ON
Raising funds 3,972 3,972

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 31 MARCH FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 31 MARCH FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 31 MARCH 2022-
continued
Unrestricted Restricted Tots
I
funds funds funds
E E
Charitable
activities
General ~462 325 44458 506783
Total 466,297 510,755
NET INCOMEr(EXPENDITURE)
Transfers
between funds		 (33,796)
19,129		 (23,628)
~19129)		 (57,424)
Net movement
in funds		 (14,667) (42,757) (57,424)
RECONCILIATION OF FUNDS
Total funds brought forward 1,108,559 1,713,841 2,822,400
TOTAL FUNDS CARRIED FORWARD ~1093892 ~1671,084 ~2,764976
TANGIBLE FIXED ASSETS
Fixtures
Long and
leasehold Equipment fittings Totals
E E E E
COST
At 1 April 2022
Additions		 3,572,666 505,642
~5474		 251,995
570		 4,330,303
~6044
At 31 March 2023 ~3572,666 511 116 ~252 565 4,336,347
DEPRECIATION
At 1 April 2022
Charge for year		 825,861
~49942		 388,514
18105		 191,025
~9207		 1,405,400
~77 254
At 31 March 2023 875,803 406619 200 232 1,482,654
NET BOOK VALUE
At 31 March 2023 2,696 863 104,497 52,333 ~2853693
At 31 March 2022 ~2746 805 117128 60,970 ~2,924 903
16. STOCKS
2023 2022
6 6
Clothing
stock		 3254
17. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
f		 2022
f
Trade debtors 8,283 13,649
Other debtors 997
Prepayments and accrued income 3,185 ~1731
11,468 16,377
18. CREDITORS: AMOUNTS
FALLING		 DUE WITHIN ONE YEAR
2023 2022
6 6
Bank loan (see note 20) 7,287 8,481
Trade creditors 2,220 1,707
Social security and other taxes 5,341 3,929
Other creditors 18,260 17,500
Accruals and deferred income 17,507 ~tg 330
~50 615 ~50 947
Included
within		 accruals and deferred income above is the following deferred income:
2023 2022
6
Letting fees 7,364 7,734
Cafe rental 633
Partnership
workmg		 4,350
7,364 12,717

19. CREDITORS: AMOUNTS CREDITORS: AMOUNTS FALLING DUE AFTER MORE FALLING DUE AFTER MORE FALLING DUE AFTER MORE FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
f 8
Bank loan (see note 20) ~229 584 ~234 230
20. LOANS
An analysis ofthe maturity of loans is given below.
2023 2022
5
Amounts
falhng		 due within one year on demand:
Bank loan 7 287 8481
Amounts
falling		 due between two and five years:
Bank loan ~45 399
Amounts
falling		 due in more than five years;
Repayable
by instalments:
Bank loan 184,907 188,831
21. LEASING AGREENIENTS
Minimum
lease		 payments under non-cancellable operating leases fall due as follows:
2023
6		 2022
f
Within one year 504 2,482
Between one and five years 1,134 6,874
1,638 9,356
Total operating lease payments
recognised as an		 expense in the year were 51,970(2022; 54,030).
22. SECURED DEBTS
The following secured debts are included within creditors:
2023 2022
8 6
Bankloans 236,871 ~242 711
23. MOVEMENT
IN FUNDS		 MOVEMENT
IN FUNDS		 MOVEMENT
IN FUNDS
Net Transfers
movement between At
At 1/4/22 in funds funds 31/3/23
8 8 E 8
Unrestricted
funds
General
fund		 1,093,892 47,661 1,000 1,142,553
Restricted funds
Welsh Government —Barry regeneration
grant - TV Studio 29,169 (4,088) 25,081
Welsh Government —LRF 510,300 (9,278) 501,022
Community
Fund		 234,556 (4,265) 230,291
WEFO - ERDF 869,035 (15,801) 853,234
Welsh Government - Sarry Regeneration
Media 25,418 (3,434) 21,984
Welsh Government - Bany Regeneration
Gym 1,485 (223) 1,262
Gymnasium
Development		 121 (121)
Gymnastics
coaching		 1,000 (1,000)
Pre-School equipment 1,000 1,000
~1,671 084 ~37210) 1,000 ~1,632 874
TOTAL FUNDS 2,764,976 10451 2,775,427
Net movement
in funds, tnduded		 in the above are as follows:
Incoming Resources Movement
resources expended in funds
f
Unrestricted
funds
General fund 560,726 (513,065) 47,661
Restricted funds
Welsh Government - Barry regeneration
grant - TV Studio
Welsh Government		 —LRF (4,088)
(9,278)		 (4,088)
(9,278)
Community
Fund
WEFO —ERDF		 (4,265)
(15,801)		 (4,265)
(15,801)
Welsh Government - Barry Regeneration
Media (3,434) (3,434)
Welsh Government - Barry Regeneration
Gym (223) (223)
Gymnasium
Development		 (121) (121)
Gymnastics
coaching
Pre-School equipment		 1,000 (1,000) (1,000)
1,000
Energy Efficienc 14,068 (14,068)
YMVA Barry HUB Warm Space 9,854 (9,854)
Coach Development opportunities 518 (518)
Summer of Fun
Pre-School opportunities		 273
470		 (273)
~470)
26,183 ~63393) ~37,210)
TOTAL FUNDS 586,909 (576,458) 10,451

MOVEMENT
IN FU		 NDS - con NDS - con tinued tinued
Comparatives
for		 movement in funds
Net Transfers
movement between At
At 1/4/21 in funds funds 31/3/22
6 6 5 6
Unrestricted
funds
General
fund		 1,108,559 (33,796) 19,129 1,093,892
Restricted funds
Welsh Government - Barry regeneration
grant - TV Studio 34,005 (4,836) 29,169
Welsh Government - LRF 519,578 (9,278) 510,300
Community
Fund
WEFO- ERDF		 238,821
884,836		 (4,265)
(15,801)		 234,556
869,035
Welsh Government —Barry Regeneration
Media 29,239 (3,821) 25,418
Welsh Government - Barry Regeneration
Gym 1,747 (262) 1,485
Major Music project 5,615 (5,615)
Gymnasium
Development		 13,380 (13,259) 121
Gymnastics
coaching
Moondance
Foundation		 1,000
5,870		 ~5870) 1,000
1 713841 ~23,628) ~19,129 ~1,671 084
TOTAL FUNDS ~2,822 400 ~57 424) 2,764,976
Comparative
net movement		 in funds, included in the above are as follows
Incoming Resources Movement
resources expended in funds
8
Unrestricted
funds
General fund 432,501 (466,297) (33,796)
Restricted
funds
Welsh Government - Barry regeneration
grant - TV Studio (4,836) (4,836)
Welsh Government -LRF (9,278) (9,278)
Commumty
Fund
WEFO- ERDF		 (4,265)
(15,801)		 (4,265)
(15,801)
Welsh Government —Barry Regeneration
Media (3,821) (3,821)
Welsh Government —Barry Regeneration
Gym (262) (262)
Major Music project (5,615) (5,615)
Gymnasium
Development		 13,440 (60) 13,380
Gymnastics
coaching
Moondance
Foundation		 1,000
6,390		 ~520) 1,000
5 870
20,830 ~44 458 ~23628)
TOTAL FUNDS 453,331 ~510755) ~57 424)

2023 2022
6 8
INCOME AND ENDOWMENTS
Donations
and legacies
Donated goods/services 3,240 3,240
Donations 1,164
Grants ~38922 ~36097
42,162 40,501
Other trading activities
Vending
machine sales		 11,886 243
Fundraising 6,380 227
Cafe - rental income 6,140 10,000
Venue agreement
—Cowork local Town Square
Spaces 5,000
Clothing sales 8852 2759
38,258 13,229
Investment
income
Bank interest receivable 10
Charitable
activities
Grants 2,261 14,640
Activities
and associated		 mcome 387,070 288,378
Letting fees 59,391 44,873
Partnemhip
working		 ~57513 ~51 700
506,235 399,591
Total incoming
resources		 586,909 453,331
EXPENDITURE
Other trading
activities
Fundraismg
costs		 789 14
Vending
machine costs
Clothing
purchases		 8,621
5,989		 1,196
~2762
15,399 3,972
Charitable
activities
Employment
costs		 340,450 304,858
Establishment
costs		 43,761 40,233
Repairs, maintenance and cleaning 37,909 31,661
Oflice expenses 8,575 3,911
Printing,
postage
&stationery		 2,953 2,015
Other direct costs 10,291 10,141
Gymnastics
administration		 software 9,335 6,475
Carried forward 453,274 399,294

2023f 2022f
Charitable
activities
Brought forward 453,274 399,294
COVID-19 specific costs 26 1,194
Travel and subsistence 2,031 1,399
Major Music project costs 3,458
Bank charges 1,180 838
Fixed asset depreciation 77,254 78,755
Competition
costs		 6,190 2,267
Loss on disposal of tangible fixed assets 431
539,955 487,636
Supportcosts
Management
Legal and professional fees 4,676 5,400
Subscriptions 12 123
4,688 5,523
Finance
Bank loan interest 12,612 9,820
Governance
costs
Independent
examination		 fee 3804 3,804
Total resources expended 576,458 ~510755
Net income/(expenditure) ~10 451 ~57,424)