KENNYLANDS GYMNASTICS C.I.C.

Company limited by guarantee

Company Registration Number:
13707048 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

KENNYLANDS GYMNASTICS C.I.C.

Contents of the Financial Statements

for the Period Ended 31 March 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

KENNYLANDS GYMNASTICS C.I.C.

Profit And Loss Account

for the Period Ended 31 March 2024

2024 17 months to 31 March 2023


£

£
Turnover: 464,405 447,141
Cost of sales: ( 431,821 ) ( 399,226 )
Gross profit(or loss): 32,584 47,915
Administrative expenses: ( 48,986 ) ( 40,462 )
Operating profit(or loss): (16,402) 7,453
Profit(or loss) before tax: (16,402) 7,453
Profit(or loss) for the financial year: (16,402) 7,453

KENNYLANDS GYMNASTICS C.I.C.

Balance sheet

As at 31 March 2024

Notes 2024 17 months to 31 March 2023


£

£
Fixed assets
Tangible assets: 3 33,254 30,054
Total fixed assets: 33,254 30,054
Current assets
Debtors: 4 1,781 0
Cash at bank and in hand: 121,490 117,422
Total current assets: 123,271 117,422
Prepayments and accrued income: 2,096
Creditors: amounts falling due within one year: 5 ( 9,158 ) ( 7,120 )
Net current assets (liabilities): 116,209 110,302
Total assets less current liabilities: 149,463 140,356
Creditors: amounts falling due after more than one year: 6 ( 2,000 )
Accruals and deferred income: ( 114,507 ) ( 86,998 )
Total net assets (liabilities): 34,956 51,358
Members' funds
Profit and loss account: 34,956 51,358
Total members' funds: 34,956 51,358

The notes form part of these financial statements

KENNYLANDS GYMNASTICS C.I.C.

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 12 October 2024
and signed on behalf of the board by:

Name: Simon Taylor
Status: Director

The notes form part of these financial statements

KENNYLANDS GYMNASTICS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    The Company’s Tangible fixed are depreciated over 3 years on a straight-line basis at a rate of 33.33% per annum

KENNYLANDS GYMNASTICS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 17 months to 31 March 2023
    Average number of employees during the period 47 38

KENNYLANDS GYMNASTICS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 41,111 838 41,949
Additions 20,899 20,899
Disposals
Revaluations
Transfers
At 31 March 2024 62,010 838 62,848
Depreciation
At 1 April 2023 11,135 760 11,895
Charge for year 17,621 78 17,699
On disposals
Other adjustments
At 31 March 2024 28,756 838 29,594
Net book value
At 31 March 2024 33,254 0 33,254
At 31 March 2023 29,976 78 30,054

KENNYLANDS GYMNASTICS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 17 months to 31 March 2023
£ £
Trade debtors 1,781 0
Total 1,781 0

KENNYLANDS GYMNASTICS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 17 months to 31 March 2023
£ £
Trade creditors 3,357 7,120
Taxation and social security 5,801
Total 9,158 7,120

KENNYLANDS GYMNASTICS C.I.C.

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

  17 months to 31 March 2023
  £
Other creditors 2,000
Total   2,000

COMMUNITY INTEREST ANNUAL REPORT

KENNYLANDS GYMNASTICS C.I.C.

Company Number: 13707048 (England and Wales)

Year Ending: 31 March 2024

Company activities and impact

Kennylands Gymnastics C.I.C. provides gymnastics classes for all ages from infant to adult for the community in Reading, West Berkshire, and South Oxfordshire. The C.I.C. supports children of all ages, abilities, and backgrounds, providing tuition within a purpose-built facility. The gymnastics classes provide an ideal opportunity for children to develop core skills in agility, balance, co-ordination, and strength whilst making friends and developing strategies for sports progress. The C.I.C. helps promote an active lifestyle and encourages children to understand the importance of perseverance, determination, and patience to achieve their goals. In addition to club membership, The CIC continues to provide gymnastics lessons for the local school community and provides access to clubs within the region who do not have elite level equipment and facilities at their disposal. The CIC also runs Drop-in Gym sessions for the Under 5’s and continues to welcome many new preschool aged children in the community. Our drop-in sessions also provide a fantastic opportunity for parents in the local community with similar aged children to meet. The C.I.C. continues to offer elite level gymnastics training to those members who demonstrate a particular talent. There is dedicated team of Coaches who are trained within the C.I.C. and by British Gymnastics. This year there has been significant successes competitively, with several members of our squad chosen to represent the South Region at National Finals. The C.I.C. offers employment opportunities to young people from the age of 14, often providing them with their first work experience and giving opportunities to develop skills in coaching and working with children.

Consultation with stakeholders

The C.I.C. has identified its stakeholders as, members of the recreation programme (school aged children), members of the elite programme, members of the preschool programme, parents; local families; local schools, The owners of the facility, British Gymnastics (governing body), employees, our neighbours and the local community. The C.I.C. is committed to adhering to the rules and regulations set out by our governing body, British Gymnastics including the appointment of a Welfare Officer, the C.I.C. currently has two. All classes are designed to meet their requirements and best practice policies. There is also a complaints policy on the Website. The C.I.C is an open and transparent organisation where members, visitors and employees are free to leave feedback on each of the platforms including social media site, website submission or e mail. In addition, the C.I.C. has a prominently displayed Feedback Box where members and visitors to the club are welcome to write their suggestions or concerns anonymously which are then considered at regularly scheduled meetings of the Senior Management and Coaching Team. Employees are regularly consulted in staff meetings and kept informed by way of a dedicated private area of the website and a physical noticeboard on the premises. Operating an open communication environment allows employees to raise any concerns directly with the senior management team. In addition, staff are asked to fill out electronic surveys to obtain feedback on their experience working at the C.I.C.

Directors' remuneration

Total amount paid or receivable in respect of qualifying services was £89,095.00. 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.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
12 October 2024

And signed on behalf of the board by:
Name: Simon Taylor
Status: Director