HAMPSTEAD GYMNASTICS CLUB C.I.C.

Company limited by guarantee

Company Registration Number:
14203976 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

HAMPSTEAD GYMNASTICS CLUB C.I.C.

Contents of the Financial Statements

for the Period Ended 31 August 2024

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

HAMPSTEAD GYMNASTICS CLUB C.I.C.

Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal activities of the company

Hampstead Gymnastics Club CIC provides recreational gymnastics classes to children principally aged 4 to 16 in London and Hertfordshire. We aim to provide affordable and inclusive classes including some pre-school activity and welcome the participation of boys and girls and children who have body management issues. Our classes are available to all irrespective of ability and we aim to assist families on low income to access gymnastics classes.

Political and charitable donations

No political or charitable donations were made during the year.



Directors

The directors shown below have held office during the whole of the period from
1 September 2023 to 31 August 2024

Theodore Acort Lake
Anisha Benjamin-Sampath


Secretary Theresa Broome

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
13 March 2025

And signed on behalf of the board by:
Name: Theodore Acort Lake
Status: Director

HAMPSTEAD GYMNASTICS CLUB C.I.C.

Profit And Loss Account

for the Period Ended 31 August 2024

2024 14 months to 31 August 2023


£

£
Turnover: 136,488 120,789
Cost of sales: ( 118,894 ) ( 105,593 )
Gross profit(or loss): 17,594 15,196
Administrative expenses: ( 8,434 ) ( 9,222 )
Operating profit(or loss): 9,160 5,974
Profit(or loss) before tax: 9,160 5,974
Tax: ( 1,816 ) ( 1,263 )
Profit(or loss) for the financial year: 7,344 4,711

HAMPSTEAD GYMNASTICS CLUB C.I.C.

Balance sheet

As at 31 August 2024

Notes 2024 14 months to 31 August 2023


£

£
Current assets
Debtors: 3 5,284 6,118
Cash at bank and in hand: 39,734 34,910
Total current assets: 45,018 41,028
Creditors: amounts falling due within one year: 4 ( 680 ) ( 10 )
Net current assets (liabilities): 44,338 41,018
Total assets less current liabilities: 44,338 41,018
Provision for liabilities: ( 1,816 ) ( 1,263 )
Accruals and deferred income: ( 30,467 ) ( 35,044 )
Total net assets (liabilities): 12,055 4,711
Members' funds
Profit and loss account: 12,055 4,711
Total members' funds: 12,055 4,711

The notes form part of these financial statements

HAMPSTEAD GYMNASTICS CLUB C.I.C.

Balance sheet statements

For the year ending 31 August 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 13 March 2025
and signed on behalf of the board by:

Name: Theodore Acort Lake
Status: Director

The notes form part of these financial statements

HAMPSTEAD GYMNASTICS CLUB C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 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

    Turnover policy

    Turnover includes income from activities. Tuition fees are included in the profit and loss account on a receivable basis. Where income is received in advance of the period which it relates to, its recognition is deferred and included in creditors as deferred income

    Other accounting policies

    Expenditure: All expenditure has been included in the Profit and Loss account on an accruals basis. Reserves policy: The Directors have set a level equivalent to 3 months of operating costs for the organisation as a desired level of reserve. This fund is a contingency in the event of a sudden reduction in income, in order to protect the future operation of the organisation from the effects of any unforeseen variations in its income and expenditure. The reserves policy and the levels of reserves required are reviewed yearly as part of the annual budgetary process. Taxation: The current corporation tax charge is calculated on the basis of tax rates in operation during the financial year

HAMPSTEAD GYMNASTICS CLUB C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 14 months to 31 August 2023
    Average number of employees during the period 2 2

HAMPSTEAD GYMNASTICS CLUB C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Debtors

2024 14 months to 31 August 2023
£ £
Trade debtors 5,284 6,118
Total 5,284 6,118

HAMPSTEAD GYMNASTICS CLUB C.I.C.

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Creditors: amounts falling due within one year note

2024 14 months to 31 August 2023
£ £
Trade creditors 0 10
Taxation and social security 680 0
Total 680 10

COMMUNITY INTEREST ANNUAL REPORT

HAMPSTEAD GYMNASTICS CLUB C.I.C.

Company Number: 14203976 (England and Wales)

Year Ending: 31 August 2024

Company activities and impact

Hampstead Gymnastics Club CIC continues to provide high quality and financially accessible recreational gymnastics tuition at our North London and St Albans locations - both of which are located in areas of housing, social and financial deprivation. Formal classes are provided for children aged 4 to 16. Whilst the majority of our members are self funding, the Club offers free or subsidised places to families who would not otherwise be able to access high quality gymnastics tuition. Our network of local charities and community groups assist in assessing applications for subsidised places together with direct applications. We welcome the inclusion of children with Special Educational Needs who are able to participate in our main stream classes with support. Referrals are received via parental support networks. Working in collaboration with LeeannasWish CIC at our St Albans hub, our free toddler drop in sessions provide a safe, friendly and welcoming environment for infants, toddlers, parents and carers. The sessions provide a particularly welcome space for children and their parents who have limited access to adequate play space due to the constraints of their housing. All of our sessions are truly inclusive with children and their parents/carers drawn from a diverse variety of social and cultural backgrounds

Consultation with stakeholders

We communicate regularly with our parents/carers via email and news updates and encourage them to interact with the Club to discuss any questions 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. In response to parental feedback, our gymnasts will have a showcase event at the end of the Autumn 2024 Term. Our coaching team are a vital part of delivering our services. There is a vibrant social media group to discuss technical or practical issues that arise from time to time to ensure that best practice is observed across all sessions. We value our regular interaction with local charities, community groups and social prescribers that we work with and who provide valuable assistance in identifying families in need who would benefit from our gymnastics classes.

Directors' remuneration

The total amount paid to directors in respect of qualifying services was £38,613. 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
13 March 2025

And signed on behalf of the board by:
Name: Theodore Acort Lake
Status: Director