Sherburn Community Gymnastics Club Ltd. - Charities report

REGISTERED COMPANY NUMBER: 10538994 (England and Wales)

REGISTERED CHARITY NUMBER: 1190087

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Sherburn Community Gymnastics Club Ltd.

Page

Report of the Trustees

1

to

3

Independent Examiner's Report

4

Statement of Financial Activities

5

Balance Sheet

6

to

7

Notes to the Financial Statements

8

to

13

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Clubs charity objective is the promotion of community participation in healthy recreation in particular by the provision of facilities for gymnastics.

The Club promotes this by providing opportunities for all its members and the wider community to enjoy the benefits in health, wellbeing and personal confidence that gymnastics has to offer, in a safe, friendly and fun environment.

The Club has been supported by a number of volunteers and without this contribution of their time and energy the Club would not have been able to achieve so much in the past year. The Club has 12 coaches in its employ. All the team undergo Disclosure and Barring Service checks prior to being involved in the Club. In addition to this they must attend Safeguarding and Child Protection courses. The Club also offers the coaches and staff to undergo First Aid training, Mental Health First Aid training, Fire Marshall training.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

In planning our activities for the year, we kept in mind that Charity Commissions guide on public benefit.

At the beginning of 2024 our membership take up was approximately 89%, by the end of the year we were sitting at 87%. This percentage differed throughout the year. A small decline, which we are hoping to turn around in 2025. We have given 1-1 training to anyone who required this again and helped other Clubs from the area to achieve a goal of specific moves as we have equipment other Clubs do not own. We still work along side British Blind Sport and have registered as one of their 'Ability Partners'. We have numerous gymnasts who have additional needs which cover a wide range from hearing difficulties to ADHD and autism.

The Club relies heavily on gymnasts rising through the ranks and becoming coaches which is fantastic for their self development as well as the Clubs development.

In 2024 the Display team from the Club represented themselves at different regional and local galas/displays. They have kept their relationship current with Spartac (a disability team from Edgehill). This allows our gymnasts and coaches to grow in themselves as people and coaches. The Club has run courses for British Gymnastics within our Club, which some of our coaches have attended.

FINANCIAL REVIEW

Financial position

Currently we have reserves at 31 December 2024 of £53,175, which are unrestricted funds and £1,000 restricted funds. The Club is continually upgrading the equipment and facility so this has an impact on reserves.

When we initially set up we purchased second hand equipment but have stated replacing those from the funds which have been available in the accounts, mainly for the safety of all our gymnasts.

Staffing costs were the highest expense of the year totalling over 54%.

Looking forward into 2025, we are running courses to run in the developed classroom. We are looking to expand the coaches knowledge by investing in CPD and coaching qualifications.

We are still in a strong position and would like to thank everyone for their continued support. In a time when other clubs have had to fold we are still flourishing.

Reserves policy

The Clubs reserve policy is to look at having a surplus of monies to cover 6 months or running costs, which will also run along side a repairs and replacement budget and facilities upgrade. We are looking at ensuring funds are available for ongoing training surrounding CPD. With the shock of covid some of our planned surplus hasn't been achieved but we are still working on this. The Club has an insurance policy which will help us finance the Club if it was to close due to unforeseen circumstances.

The reserves which we would like to achieve is £74,000. We cannot say how long this will take to achieve as the financial situation in the outside world is quite unstable.

Our current reserves sit at £54,175 (2023; £47,430).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

10538994 (England and Wales)

Registered Charity number

1190087

Registered office

57 Pinfold Garth

Sherburn In Elmet

Leeds

West Yorkshire

LS25 6LE

Trustees

Ms A Alderson Sports coach

Miss H L Alderson Teacher

Miss S P Alderson Sports coach

C Littlewood Housewife

S K Littlewood Retired

A H Walker Retired

Company Secretary

Ms A Alderson

Independent Examiner

Mrs Cassandra Fennell

CFA Tax Limited

Room 4

Selby Times Business Centre

11 The Crescent

Selby

North Yorkshire

YO8 4PD

Approved by order of the board of trustees on 27 August 2025 and signed on its behalf by:

Ms A Alderson - Trustee

Independent examiner's report to the trustees of Sherburn Community Gymnastics Club Ltd. ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mrs Cassandra Fennell

The Association of Accounting Technicians

CFA Tax Limited

Room 4

Selby Times Business Centre

11 The Crescent

Selby

North Yorkshire

YO8 4PD

27 August 2025

31.12.24

31.12.23

Unrestricted

Restricted

Total

fund

funds

Notes

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

10,547

-

10,547

4,100

Charitable activities

Subscriptions and memberships

209,930

-

209,930

211,501

Other trading activities

2

3,441

-

3,441

1,825

Investment income

3

847

-

847

344

Total

224,765

-

224,765

217,770

EXPENDITURE ON

Charitable activities

Subscriptions and memberships

218,020

-

218,020

215,897

NET INCOME

6,745

-

6,745

1,873

RECONCILIATION OF FUNDS

Total funds brought forward

46,430

1,000

47,430

45,557

TOTAL FUNDS CARRIED FORWARD

53,175

1,000

54,175

47,430

31.12.24

31.12.23

Unrestricted

Restricted

Total

fund

funds

Notes

£

FIXED ASSETS

Tangible assets

8

34,426

1,000

35,426

40,316

CURRENT ASSETS

Debtors

9

-

7,710

Cash at bank

22,593

-

22,593

14,981

22,593

-

22,593

22,691

CREDITORS

Amounts falling due within one year

10

(2,991

)

-

(2,991

)

(12,720

)

NET CURRENT ASSETS

19,602

-

19,602

9,971

TOTAL ASSETS LESS CURRENT
LIABILITIES

54,028

1,000

55,028

50,287

CREDITORS

Amounts falling due after more than one
year

11

(853

)

-

(853

)

(2,857

)

NET ASSETS

53,175

1,000

54,175

47,430

FUNDS

13

Unrestricted funds

53,175

46,430

Restricted funds

1,000

TOTAL FUNDS

54,175

47,430

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that 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 charitable company as at the end of each financial year and of its surplus or deficit 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 charitable company.

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

The financial statements were approved by the Board of Trustees and authorised for issue on 27 August 2025 and were signed on its behalf by:

A Alderson - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

at varying rates on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	OTHER TRADING ACTIVITIES

31.12.24

31.12.23

£

Fundraising events

3,441

1,825

3.	INVESTMENT INCOME

31.12.24

31.12.23

£

Rents received

700

220

Deposit account interest

147

124

847

344

4.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.12.24

31.12.23

£

Depreciation - owned assets

11,502

7,683

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

6.	STAFF COSTS

The average monthly number of employees during the year was as follows:

31.12.24

31.12.23

Sports coach

11

13

No employees received emoluments in excess of £60,000.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

4,100

-

4,100

Charitable activities

Subscriptions and memberships

211,501

-

211,501

Other trading activities

1,825

-

1,825

Investment income

344

-

344

Total

217,770

-

217,770

EXPENDITURE ON

Charitable activities

Subscriptions and memberships

215,897

-

215,897

NET INCOME

1,873

-

1,873

RECONCILIATION OF FUNDS

Total funds brought forward

44,557

1,000

45,557

TOTAL FUNDS CARRIED FORWARD

46,430

1,000

47,430

8.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 January 2024

79,666

Additions

6,612

At 31 December 2024

86,278

DEPRECIATION

At 1 January 2024

39,350

Charge for year

11,502

At 31 December 2024

50,852

NET BOOK VALUE

At 31 December 2024

35,426

At 31 December 2023

40,316

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Prepayments and accrued income

-

7,710

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts (see note 12)

1,980

Other creditors

1

16

Accruals and deferred income

1,010

10,724

2,991

12,720

11.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

Bank loans (see note 12)

853

2,857

12.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

Amounts falling due within one year on demand:

Bank loans

1,980

Amounts falling between one and two years:

Bank loans - 1-2 years

853

1,980

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

877

13.	MOVEMENT IN FUNDS

Net

movement

At

At 1.1.24

in funds

31.12.24

£

Unrestricted funds

General fund

46,430

6,745

53,175

Restricted funds

Sherburn in Elmet Defib

1,000

-

1,000

TOTAL FUNDS

47,430

6,745

54,175

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

224,765

(218,020

)

6,745

TOTAL FUNDS

224,765

(218,020

)

6,745

Comparatives for movement in funds

Net

movement

At

At 1.1.23

in funds

31.12.23

£

Unrestricted funds

General fund

44,557

1,873

46,430

Restricted funds

Sherburn in Elmet Defib

1,000

-

1,000

TOTAL FUNDS

45,557

1,873

47,430

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

217,770

(215,897

)

1,873

TOTAL FUNDS

217,770

(215,897

)

1,873

A current year 12 months and prior year 12 months combined position is as follows:

Net

movement

At

At 1.1.23

in funds

31.12.24

£

Unrestricted funds

General fund

44,557

8,618

53,175

Restricted funds

Sherburn in Elmet Defib

1,000

-

1,000

TOTAL FUNDS

45,557

8,618

54,175

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

Unrestricted funds

General fund

442,535

(433,917

)

8,618

TOTAL FUNDS

442,535

(433,917

)

8,618

14.	RELATED PARTY DISCLOSURES

Trustees, Ms A Alderson was paid £38,532 (2023: £37,709) for coaching and teaching and Miss S Alderson was also paid £28,539 (2023; £26,072) for coaching and teaching in the club as declared by the charity.