for the Period Ended 31 August 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 August 2023
Principal activities of the company
Political and charitable donations
Directors
The directors shown below have held office during the whole of the period from
29 June 2022 to 31 August 2023
Secretary
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
14 months to 31 August 2023 | ||
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| £ | |
Turnover: | | |
Cost of sales: | ( | |
Gross profit(or loss): | | |
Administrative expenses: | ( | |
Operating profit(or loss): | | |
Profit(or loss) before tax: | | |
Tax: | ( | |
Profit(or loss) for the financial year: | |
As at
Notes | 14 months to 31 August 2023 | ||
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| £ | ||
Current assets | |||
Debtors: | 3 | | |
Cash at bank and in hand: | | ||
Total current assets: | | ||
Creditors: amounts falling due within one year: | 4 | ( | |
Net current assets (liabilities): | | ||
Total assets less current liabilities: | | ||
Provision for liabilities: | ( | ||
Total net assets (liabilities): | | ||
Members' funds | |||
Profit and loss account: | | ||
Total members' funds: | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 August 2023
Basis of measurement and preparation
Turnover policy
Other accounting policies
for the Period Ended 31 August 2023
14 months to 31 August 2023 | ||
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Average number of employees during the period | |
for the Period Ended 31 August 2023
14 months to 31 August 2023 | ||
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£ | ||
Trade debtors | | |
Total | |
for the Period Ended 31 August 2023
14 months to 31 August 2023 | ||
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£ | ||
Trade creditors | | |
Accruals and deferred income | | |
Total | |
Hampstead Gymnastics Club CIC operates principally in North London with a satellite site in St Albans (Cottonmill Gymnastics). We aim to provide high quality accessible gymnastics tuition in a non-elite setting. Our North London and St Albans locations are located in areas where deprivation and poor-quality housing exist side by side with very affluent areas. In St Albans we provide a weekly free Toddler Drop In session in Cottonmill area which is in the most deprived ward in the city.We train children to improve their strength, balance, flexibility, co-ordination and much more. Our training also enhances their focus, resilience and teamwork abilities leading to more self-confident and happier individuals. Whilst the majority of our members are self funding, as a Community Interest Company we are able to offer free or subsidised places to families who would not otherwise be able to access high quality gymnastics tuition. We use a network of local voluntary organisations to assist us in assessing applications for the subsidised places together with direct applications.We welcome children with Special Educational Needs who are encouraged to participate in our regular classes with support.
We communicate regularly with our parents/carers via email and news updates and encourage them to interact with the Club to discuss any questions , milestones and celebrations concerning their child’s progress. Unlike many other Clubs, we whole-heartedly welcome parents staying and watching our classes. This gives parents a real insight into the Club and our standards and expectations for the children. Our gymnasts have a party at the end of each Term to celebrate their achievements and to allow them and their siblings to enjoy some less formal time in the gym.Regular team building events are held with our coaching team who are such a vital part of delivering our services together with an internal group to discuss technical or practical issues that arise from time to time.We value our regular interaction with the local charities, community groups and social prescribers that we work with and who provide valuable assistance in identifying families who would benefit from our gymnastics classes.
The total amount paid to directors in respect of qualifying services was £33,573.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director's loss of office which require to be disclosed
No transfer of assets other than for full consideration
This report was approved by the board of directors on
30 November 2023
And signed on behalf of the board by:
Name: Theodore Acort Lake
Status: Director