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REGISTERED NUMBER: 07074730 (England and Wales)





























Directors' Report and

Unaudited Financial Statements for the Year Ended 31 December 2023

for

Bury Gymnastics Club Limited
(Company Limited by Guarantee)

Bury Gymnastics Club Limited
(Company Limited by Guarantee) (Registered number: 07074730)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Directors' Report 2

Chartered Accountants' Report 3

Statement of Income and Retained Earnings 4

Balance Sheet 5

Notes to the Financial Statements 7


Bury Gymnastics Club Limited
(Company Limited by Guarantee)

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr Keith Waddington
Miss Stephanie Reay



SECRETARY: Ms Sarah Cushnahan Turner



REGISTERED OFFICE: Goshen Sports Centre
Tennyson Avenue
Bury
Lancashire
BL9 9RG



REGISTERED NUMBER: 07074730 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: Barclays Bank plc

Bury Gymnastics Club Limited
(Company Limited by Guarantee) (Registered number: 07074730)

Directors' Report
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company is to provide coaching and facilities for gymnastic, trampolining and other associated activities.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

Mr Keith Waddington
Miss Stephanie Reay

Other changes in directors holding office are as follows:

Mr Bradley James Lincoln - resigned 31 August 2023

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors 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 company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the 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 company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr Keith Waddington - Director


24 September 2024

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Bury Gymnastics Club Limited
(Company Limited by Guarantee)


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bury Gymnastics Club Limited (Company Limited by Guarantee) for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bury Gymnastics Club Limited (Company Limited by Guarantee), as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bury Gymnastics Club Limited (Company Limited by Guarantee) and state those matters that we have agreed to state to the Board of Directors of Bury Gymnastics Club Limited (Company Limited by Guarantee), as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bury Gymnastics Club Limited (Company Limited by Guarantee) and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bury Gymnastics Club Limited (Company Limited by Guarantee) has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bury Gymnastics Club Limited (Company Limited by Guarantee). You consider that Bury Gymnastics Club Limited (Company Limited by Guarantee) is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Bury Gymnastics Club Limited (Company Limited by Guarantee). For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY


24 September 2024

Bury Gymnastics Club Limited
(Company Limited by Guarantee) (Registered number: 07074730)

Statement of Income and
Retained Earnings
for the Year Ended 31 December 2023

2023 2022
Notes £    £   

TURNOVER 257,687 217,859

Administrative expenses (275,358 ) (272,788 )
(17,671 ) (54,929 )

Other operating income 3 18,307 10,561
OPERATING PROFIT/(LOSS) 5 636 (44,368 )

Interest receivable and similar income 24 29
660 (44,339 )

Interest payable and similar expenses - (7 )
PROFIT/(LOSS) BEFORE TAXATION 660 (44,346 )

Tax on profit/(loss) 6 - -
PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

660

(44,346

)

Retained earnings at beginning of year 52,310 96,656

RETAINED EARNINGS AT END OF
YEAR

52,970

52,310

Bury Gymnastics Club Limited
(Company Limited by Guarantee) (Registered number: 07074730)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 7 140,902 154,118

CURRENT ASSETS
Stocks 491 330
Debtors 8 7,088 9,347
Cash at bank 81,540 53,098
89,119 62,775
CREDITORS
Amounts falling due within one year 9 (22,195 ) (9,727 )
NET CURRENT ASSETS 66,924 53,048
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,826

207,166

RESERVES
Other reserves 10 154,856 154,856
Retained earnings 10 52,970 52,310
207,826 207,166

Bury Gymnastics Club Limited
(Company Limited by Guarantee) (Registered number: 07074730)

Balance Sheet - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





Mr Keith Waddington - Director


Bury Gymnastics Club Limited
(Company Limited by Guarantee) (Registered number: 07074730)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Bury Gymnastics Club Limited (Company Limited by Guarantee) is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total fees received from members during the year and derives from the provision of services falling within the company's ordinary activities, wholly undertaken in the UK.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 25 years
Fixtures, fittings and equipment - 5% on Turnover

Stocks
Stock is valued at the lower of cost and net realisable value.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. OTHER OPERATING INCOME

Other operating income includes £6,765 from fundraising (2022 - £1,761), £1,472 from Vending machine sales (2022 - £900), £10,070 from British Gymnastics (2022 - £4,000) (2022 - £3,000 from Football club, and £900 from the council for a damaged roof).

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 29 ) .

5. OPERATING PROFIT/(LOSS)

The operating profit (2022 - operating loss) is stated after charging:

2023 2022
£    £   
Depreciation - owned assets 15,484 13,531

6. TAXATION

The company is registered with HM Revenue & Customs as a Community Amateur Sports Club (CASC). As such it is entitled to claim certain tax reliefs and no liability to Corporation tax is expected to arise for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Bury Gymnastics Club Limited
(Company Limited by Guarantee) (Registered number: 07074730)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Short and
leasehold equipment Totals
£    £    £   
COST
At 1 January 2023 65,000 232,135 297,135
Additions - 2,268 2,268
At 31 December 2023 65,000 234,403 299,403
DEPRECIATION
At 1 January 2023 28,600 114,417 143,017
Charge for year 2,600 12,884 15,484
At 31 December 2023 31,200 127,301 158,501
NET BOOK VALUE
At 31 December 2023 33,800 107,102 140,902
At 31 December 2022 36,400 117,718 154,118

As part of a lottery funding agreement dated 13 April 2011, between Sport England and Bury Council, the company contributed £65,000 toward a new, purpose built, fit for purpose gymnastic facility at Goshen Sports Centre.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 7,088 9,347

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Pension 427 -
Accrued expenses 21,768 9,727
22,195 9,727

10. RESERVES

On 24 December 2009 all the assets and liabilities of Bury Gym Oldco Limited (Company no. 06763458) were introduced into the company and credited to other reserves.

11. COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital. The liability of the members in the event of the company being liquidated is limited to £1 per member.