Acorah Software Products - Accounts Production 19.1.200 false true true 31 August 2024 1 September 2023 No description of principal activity true 1 September 2024 31 August 2025 31 August 2025 02176553 Mrs L Fairbrother Mrs J Alp Mr J Alp Mr H Best Mr S Masterson Mr S Smalley 298421 true true true true true false true Charitable activities true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02176553 2024-08-31 02176553 2025-08-31 02176553 2024-09-01 2025-08-31 02176553 frs-core:CurrentFinancialInstruments 2025-08-31 02176553 frs-core:ComputerEquipment 2025-08-31 02176553 frs-core:ComputerEquipment 2024-09-01 2025-08-31 02176553 frs-core:ComputerEquipment 2024-08-31 02176553 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-08-31 02176553 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-09-01 2025-08-31 02176553 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-08-31 02176553 frs-core:MotorVehicles 2025-08-31 02176553 frs-core:MotorVehicles 2024-09-01 2025-08-31 02176553 frs-core:MotorVehicles 2024-08-31 02176553 frs-core:PlantMachinery 2025-08-31 02176553 frs-core:PlantMachinery 2024-09-01 2025-08-31 02176553 frs-core:PlantMachinery 2024-08-31 02176553 frs-char:CharitableCompanyLimitedByGuarantee 2024-09-01 2025-08-31 02176553 frs-bus:FullAccounts 2024-09-01 2025-08-31 02176553 frs-bus:MediumEntities 2024-09-01 2025-08-31 02176553 frs-bus:Medium-sizedCompaniesRegimeForAccounts 2024-09-01 2025-08-31 02176553 frs-bus:Medium-sizedCompaniesRegimeForDirectorsReport 2024-09-01 2025-08-31 02176553 frs-char:TotalUnrestrictedFunds 2024-08-31 02176553 frs-char:TotalUnrestrictedFunds 2025-08-31 02176553 frs-char:TotalUnrestrictedFunds 2024-09-01 2025-08-31 02176553 frs-char:TotalRestrictedIncomeFunds 2024-08-31 02176553 frs-char:TotalRestrictedIncomeFunds 2025-08-31 02176553 frs-char:TotalRestrictedIncomeFunds 2024-09-01 2025-08-31 02176553 frs-char:UnrestrictedFundsGeneral 2024-08-31 02176553 frs-char:UnrestrictedFundsGeneral 2024-09-01 2025-08-31 02176553 frs-char:UnrestrictedFundsGeneral 2025-08-31 02176553 frs-char:IndependentExaminationCharity 2024-09-01 2025-08-31 02176553 frs-char:FundraisingEvents 2024-09-01 2025-08-31 02176553 frs-countries:EnglandWales 2024-09-01 2025-08-31 02176553 frs-char:Trustee1 2024-09-01 2025-08-31 02176553 frs-char:Trustee2 2024-09-01 2025-08-31 02176553 frs-char:Trustee3 2024-09-01 2025-08-31 02176553 frs-char:Trustee4 2024-09-01 2025-08-31 02176553 frs-char:Trustee5 2024-09-01 2025-08-31 02176553 frs-char:Trustee6 2024-09-01 2025-08-31 02176553 frs-char:Activity1 2024-09-01 2025-08-31 02176553 frs-char:TotalUnrestrictedFunds frs-char:Activity1 2024-09-01 2025-08-31 02176553 frs-char:TotalRestrictedIncomeFunds frs-char:Activity1 2024-09-01 2025-08-31 02176553 2023-08-31 02176553 2024-08-31 02176553 2023-09-01 2024-08-31 02176553 frs-core:CurrentFinancialInstruments 2024-08-31 02176553 frs-char:TotalUnrestrictedFunds 2023-08-31 02176553 frs-char:TotalUnrestrictedFunds 2024-08-31 02176553 frs-char:TotalUnrestrictedFunds 2023-09-01 2024-08-31 02176553 frs-char:TotalRestrictedIncomeFunds 2023-08-31 02176553 frs-char:TotalRestrictedIncomeFunds 2024-08-31 02176553 frs-char:TotalRestrictedIncomeFunds 2023-09-01 2024-08-31 02176553 frs-char:UnrestrictedFundsGeneral 2023-08-31 02176553 frs-char:UnrestrictedFundsGeneral 2023-09-01 2024-08-31 02176553 frs-char:UnrestrictedFundsGeneral 2024-08-31 02176553 frs-char:FundraisingEvents 2023-09-01 2024-08-31 02176553 frs-char:Activity1 2023-09-01 2024-08-31 02176553 frs-char:TotalUnrestrictedFunds frs-char:Activity1 2023-09-01 2024-08-31 02176553 frs-char:TotalRestrictedIncomeFunds frs-char:Activity1 2023-09-01 2024-08-31
Company registration number: 02176553
Charity registration number: 298421
Camberley Gymnastics Club
Trustees' Report and
Unaudited Financial Statements
For The Year Ended 31 August 2025
Artema Ltd
Camberley Gymnastics Club
Contents
Contents

| Page
--- | ---
Trustees' Report | 1—4
Independent Examiner's Report | 5
Statement of Financial Activities (including Income and Expenditure Account) | 6
Comparative Statement of Financial Activities (including Income and Expenditure Account) | 7
Balance Sheet | 8
Notes to the Financial Statements | 9—17

Page 1
Camberley Gymnastics Club
Company No. 02176553
Trustees' Report For The Year Ended 31 August 2025
Trustees' Report
The trustees present their report and the financial statements for the year ended 31 August 2025.
Objectives and Activities
Aims and Objectives
The charitable company's principal activity is that of providing gymnastic and other physical recreation in the interests of the social welfare of young people in Rushmoor and the surrounding areas.
Significant Activities
The significant activities of the Club are coaching, competitions and training camps and the provision of Playgym activities for the under 5's. In addition, the Club supports other local sports and social clubs by hiring out its facilities and specialist equipment.
Public Benefit
A key objective of the Club is the development of activities for the welfare of the community. An important part of this is the very successful Playgym programme that continues to attract around 70,000 under 5's per annum. This activity introduces young children to a healthy lifestyle, helps to combat child obesity and is taking place in a part of the Borough of Rushmoor that is recognised as being an area of social deprivation. The Club continues to invest in activities to benefit the local community and to subsidise the Playgym programme.
The trustees have paid due regard to the Charity Commission’s guidance in deciding what activities the Charitable company should undertake.
Additional Note
Volunteers
The Management Committee and a pool of volunteers normally carry out several activities relating to the support of gymnastic programmes, catering and fund raising and give approximately 900 hours of support to the Club. Volunteering has not recovered to pre covid pandemic levels, this we are working on with the objective of achieving more local community involvement. We thank all who contribute to the Club's ongoing success.
Achievements and Performance
Main Achievements
Charitable activities
At 31 August 2025 the Club had around 494 registered members. The Club competes at county, regional , national and international levels and considerable success was achieved in all competitions. This includes the prestigious Rushmoor Rose Bowl competition. Runnung now for 44 years this event is recognised as Britain's number one international gymnastics competition attracting teams from all over the world.
Investment performance
The results for the year and the financial position of the company are as shown in the annexed financial statements.
The value of funds carried forward at 31 August 2025 of £483,483 (2024 - £485,033) takes account of the Reserves Policy including the replacement policy covering existing gym equipment and other assets.
Internal and external factors
The Club has developed a strong relationship with Rushmoor Borough Council, British Gymnastics and a good network of users. This together with the commitment of the coaching staff has ensured the club continues to achieve objectives set by the Management Commitee.
Financial Review
Financial Position
Principal funding sources
The principal funding sources for the Club were generated from membership fees, Easter and Summer training camps and hire of the gym.
Page 1
Page 2
Camberley Gymnastics Club
Trustees' Report (continued)
For The Year Ended 31 August 2025
Reserves Policy
In line with Charity Commission requirements, the directors recognise the need to maintain reserves to ensure that the Camberley Gymnastics Club meets the statutory and contractual obligations. Provision is made to ensure sufficient funds for the following contingencies:
-Staff redundancies
-Sickness cover
-Uninsured losses (e.g. excesses on professional indemnity and employment claims)
The directors also recognise the need for sufficient funds to replace existing and invest in new gym equipment to ensure the continued operation and development of gymnastic programmes.
Taking account of these objectives, it is the policy of Camberley Gymnastics Club to work towards maintaining reserves at a level equivalent to four months forecast running costs. The directors are satisfied that the General Reserve available at the year-end of £216,849 (2024 £218,400) satisfies the key elements of this policy.
Risk
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fruad and error.
The Management Committee regularly reviews risk management with input from the Directors of Coaching and Administration. This process has been formalised with the establishment of a risk Register and an associated action plan including responsibilities and timescales for completion. Progress against the action plan is reviewed each February and reported to the Board of Directors.
Future Plans
The club will continue to develop the Rose Bowl competition as a major opportunity for top international teams to compete in Britain along with arranging and hosting other important national events.
During the year the Management Committee will update the Rushmoor Gymnastics Academy rolling 5 year plan. This will include performance tagets for coaches and gymnasts. Competition targets will be set on a continuing incremental basis and the Management Committee will review progress at monthly meetings.
RGA will continue to strengthen coaching resources to extend training programmes and other initiatives and develop the Easter ans summer training camps to attract teams from other countries and UK based Gymnastic Clubs. In addition, RGA will continue to grow and expend Playgym and community activities for the benefit of Rushmoor and the surrounding areas.
Structure, Governance and Management
Governing Document
Camberley Gymnastics Club is a charity No. 298421 registered with the Charity Commissioners and registered under the Companies Act 2006 as a company no. 2176553 limited by Guarantee. Each senior member has undertaken to contribute an amount not exceeding one pound in the event of the company being insolvent on winding up. The company is managed on behalf of the members by a board of directors. The day to day administration is under the control of the Senior Director of Training.
Camberley Gymnastics Club trades under the name of Rushmoor Gymnastics Academy.
Reference and Administrative Details
Trustees
Mrs L Fairbrother
Mrs J Alp
Mr J Alp
Mr H Best
Mr S Masterson
Mr S Smalley
Charity Number
298421
Page 2
Page 3
Camberley Gymnastics Club
Trustees' Report (continued)
For The Year Ended 31 August 2025
Company Number
02176553
Principal Address
Pool Road
Aldershot
Hampshire
GU11 3SN
Independent Examiner
Yuval Salomi FCCA
Artema Ltd
Artema Limited
1a Kinsbury's Lane
Ringwood
Hampshire
BH24 1EL
Page 3
Page 4
Camberley Gymnastics Club
Trustees' Report (continued)
For The Year Ended 31 August 2025
Other Information
Additional Note
Recruitment and appointment of new trustees
The directors of the company under the company's Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected at the Annual General Meeting each year to serve for a period of one year until the next Annual General Meeting.
The Management Committee seeks to ensure that the interest of the gymnasts and the development of the club are appropriately reflected through the skills and diversity of the trustee body. Individuals who exhibit a close active interest in the daily running and activities of the Club, have appropriate skills and strong community links are invited to join the Management Committee. The development of the Club within the community is of paramount importance, and a key duty of the trustees.
Organisational structure
The company employees a team of coaching staff, led by the Senior Director of Training, that report to the Directors of Coaching and Administration. Between them, they are responsible for all operational matters, including the financing and management of gymnastic activities. The Directors of Coaching and Administration are responsible to the Board of Directors.
Induction and training of new trustees.
Newlt appointed trustees are familiar with the operations of the Club. Additionally new trustees are encouraged to attend a series of training sessions to familiarise them with the charity and the structure of British Gymnastics. These sessions are conducted by the Director of Coaching and the Director of Administration of the charity and cover the following areas:
- The obligations of the Management Committee members.
- The operational framework of the charity.
- The resources and current financial position as set out in the latest published accounts.
- The future plans and objectives.
- The Rushmoor Gymnastics Academy responsibility within the Rushmoor Community.
- The Charity Commission's guide 'Responsibilities of Charity Trustees' is also issued to new trustees on appointment.
Wider network
The Club is affiliated to British Gymnastics (BG) and has been awarded the BG Gym Mark and Seal of Approval. All coaching and competitions carried out by the Club are held under the auspices of the BG.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The trustees' report was approved by the board of trustees and signed on its behalf by:

Mrs L Fairbrother Trustee
23/01/2026

Page 4
Page 5
Camberley Gymnastics Club
Independent Examiner's Report to the Trustees of Camberley Gymnastics Club
For The Year Ended 31 August 2025
Independent Examiner's Report to the Trustees of Camberley Gymnastics Club
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.
Responsibilities and Basis of Report
As the charity 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
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Association of Chartered Certified Accountants, which is one of the listed bodies.
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.
Yuval Salomi FCCA
23/01/2026
Artema Limited
1a Kinsbury's Lane
Ringwood
Hampshire
BH24 1EL
Page 5
Page 6
Camberley Gymnastics Club
Statement of Financial Activities (including Income and Expenditure Account)
For The Year Ended 31 August 2025
Statement of Financial Activities (including Income and Expenditure Account)

|  |  | 2025 | 2024
--- | --- | --- | --- | ---
| Unrestricted funds | Restricted funds | Total funds | Total funds
| Notes | £ | £ | £ | £
INCOME AND ENDOWMENTS FROM:
Donations and legacies | 3 | 500 | - | 500 | -
Charitable activities: |
Charitable activities |  | 427,700 | - | 427,700 | 440,474
Other trading activities | 4 | 24,804 | - | 24,804 | 28,400
Investments | 5 | 778 | - | 778 | 1,052
|  | 453,782 | - | 453,782 | 469,926
EXPENDITURE ON:
Raising funds | 7 | (8,248 ) | - | (8,248 ) | (5,555 )
Charitable activities: | 7
Charitable activities |  | (447,085 ) | - | (447,085 ) | (468,285 )
|  | (455,333 ) | - | (455,333 ) | (473,840 )
NET EXPENDITURE |  | (1,551 ) | - | (1,551 ) | (3,914 )
NET MOVEMENT IN FUNDS |  | (1,551 ) | - | (1,551 ) | (3,914 )
RECONCILIATION OF FUNDS:
Total funds brought forward |  | 442,076 | 42,957 | 485,033 | 488,947
TOTAL FUNDS CARRIED FORWARD | 14 | 440,525 | 42,957 | 483,482 | 485,033

The notes on pages 9 to 14 form part of these financial statements.
Page 6
Page 7
Camberley Gymnastics Club
Comparative Statement of Financial Activities (including Income and Expenditure Account)
For The Year Ended 31 August 2025
Comparative Statement of Financial Activities (including Income and Expenditure Account)

|  |  | 2024
--- | --- | --- | ---
| Unrestricted funds | Restricted funds | Total funds
| Notes | £ | £ | £
INCOME AND ENDOWMENTS FROM:
Charitable activities: |
Charitable activities |  | 440,474 | - | 440,474
Other trading activities | 4 | 28,400 | - | 28,400
Investments | 5 | 1,052 | - | 1,052
|  | 469,926 | - | 469,926
EXPENDITURE ON:
Raising funds | 7 | (5,555 ) | - | (5,555 )
Charitable activities: | 7
Charitable activities |  | (468,285 ) | - | (468,285 )
|  | (473,840 ) | - | (473,840 )
NET EXPENDITURE |  | (3,914 ) | - | (3,914 )
NET MOVEMENT IN FUNDS |  | (3,914 ) | - | (3,914 )
RECONCILIATION OF FUNDS:
Total funds brought forward |  | 445,990 | 42,957 | 488,947
TOTAL FUNDS CARRIED FORWARD | 14 | 442,076 | 42,957 | 485,033

The notes on pages 9 to 14 form part of these financial statements.
Page 7
Page 8
Camberley Gymnastics Club
Balance Sheet
As At 31 August 2025
Balance Sheet

|  |  | 2025 | 2024
--- | --- | --- | --- | ---
| Unrestricted funds | Restricted funds | Total funds | Total funds
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 11 | 121,817 | - | 121,817 | 136,995
|  | 121,817 | - | 121,817 | 136,995
CURRENT ASSETS
Stocks | 12 | 300 | - | 300 | 300
Cash at bank and in hand |  | 545,823 | - | 545,823 | 535,560
|  | 546,123 | - | 546,123 | 535,860
Creditors: Amounts Falling Due Within One Year | 13 | (184,458 ) | - | (184,458 ) | (187,822 )
NET CURRENT ASSETS (LIABILITIES) |  | 361,665 | - | 361,665 | 348,038
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 483,482 | - | 483,482 | 485,033
NET ASSETS |  | 483,482 | - | 483,482 | 485,033
FUNDS OF THE CHARITY
Restricted Funds |  |  |  | 42,957 | 42,957
Unrestricted Funds |  |  |  | 440,525 | 442,076
TOTAL FUNDS | 14 |  |  | 483,482 | 485,033

For the year ending 31 August 2025 the charitable company was entitled to exemption from audit 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 trustees 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 in accordance with the provisions applicable to companies subject to the small companies regime.
On behalf of the board

Mrs L Fairbrother Trustee
23/01/2026

The notes on pages 9 to 14 form part of these financial statements.
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Page 9
Camberley Gymnastics Club
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. General Information
Camberley Gymnastics Club is a company limited by guarantee, incorporated in England & Wales, registered number 02176553 and registered charity number 298421 . The registered office is .
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements 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 charitable company is a Public Benefit Entity as defined by FRS 102.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the trustees have not identified any material uncertainties related to events or conditions that may cast significant doubt about the charitable company's ability to continue as a going concern.
2.3. Incoming Resources
Charitable funds
Unrestricted funds are available for use at the discretion of rhe Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Designated funds are earmarked by the trustess for the specific expenditure that is required by the charitable company.
Income
Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable they will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charitable company has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
2.4. Resources Expended
Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, tt 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 classified by activity. The costs of each activity are made up of the total of direct ocsts and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared cosats which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use.
All costs are allocated between expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly.
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 accountded for on an accruals basis and has been classified under headings that aggregate all costs 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.
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Camberley Gymnastics Club
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | 10% reducing balance method
Plant & Machinery | 25% reducing balance method
Motor Vehicles | 25% reducing balance method
Computer Equipment | 25% reducing balance method

Impairment of fixed assets
At each reporting date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the statement of financial activities. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the statement of financial activities.
2.7. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitiutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, which include creditors and bank loans are initially recognised at transaction price unless the arrangement constitiutes a financing transaction, where the debt is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charitable comapny's contractual obligations expire or are discharged or cancelled.
2.8. Employee Benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the charitable company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
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Camberley Gymnastics Club
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
2.9. Critical accounting estimates and judgements
In the application of the charitable company's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3. Income from Donations and Legacies

| 2025 | 2024
--- | --- | ---
| Unrestricted | Unrestricted
| funds | funds
| £ | £
Donations and gifts | 500 | -

4. Income from Other Trading Activities

| 2025 | 2024
--- | --- | ---
| Unrestricted funds | Unrestricted funds
| £ | £
Income from other trading activities | 5,501 | 4,039
Fundraising events | 19,303 | 24,361
| 24,804 | 28,400

5. Investment Income

| 2025 | 2024
--- | --- | ---
| Unrestricted | Unrestricted
| funds | funds
| £ | £
Bank interest receivable | 778 | 1,052

6. Net Income/(Expenditure)
The net expenditure is stated after charging/(crediting):

| 2025 | 2024
--- | --- | ---
| £ | £
Depreciation of tangible fixed assets - owned | 28,470 | 32,181

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Camberley Gymnastics Club
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
7. Analysis of Expenditure

|  |  | 2025
--- | --- | --- | ---
| Activities undertaken directly | Support costs (see note 8 ) | Total
| £ | £ | £
Raising funds | 8,248 | - | 8,248
Charitable activities | 280,484 | 166,601 | 447,085
| 288,732 | 166,601 | 455,333

|  |  | 2024
--- | --- | --- | ---
| Activities undertaken directly | Support costs (see note 8 ) | Total
| £ | £ | £
Raising funds | 5,555 | - | 5,555
Charitable activities | 283,983 | 184,302 | 468,285
| 289,538 | 184,302 | 473,840

8. Support Costs

| 2025
--- | ---
| Charitable activities
| £
Premises expenses | 123,639
General administration | 14,492
Depreciation | 28,470
| 166,601

| 2024
--- | ---
| Charitable activities
| £
Premises expenses | 143,464
General administration | 8,657
Depreciation | 32,181
| 184,302

9. Staff Costs
Staff costs were as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Wages and salaries | 270,063 |  | 272,870

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
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Camberley Gymnastics Club
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
10. Average Number of Employees
Average number of employees during the year was: 14 (2024: 8)
14 8
11. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Motor Vehicles | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 September 2024 | 369,692 | 476,490 | 24,819 | 49,464 | 920,465
Additions | - | 13,292 | - | - | 13,292
As at 31 August 2025 | 369,692 | 489,782 | 24,819 | 49,464 | 933,757
Depreciation
As at 1 September 2024 | 309,015 | 402,642 | 24,679 | 47,134 | 783,470
Provided during the period | 6,068 | 21,785 | 35 | 582 | 28,470
As at 31 August 2025 | 315,083 | 424,427 | 24,714 | 47,716 | 811,940
Net Book Value
As at 31 August 2025 | 54,609 | 65,355 | 105 | 1,748 | 121,817
As at 1 September 2024 | 60,677 | 73,848 | 140 | 2,330 | 136,995

12. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 300 |  | 300

13. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 1 |  | -
Other creditors | 81,042 |  | 82,832
Accruals and deferred income | 103,415 |  | 104,990
| 184,458 |  | 187,822

14. Movement in Funds

| As at 1 September 2024 | Income | Expenditure | As at 31 August 2025
--- | --- | --- | --- | ---
| £ | £ | £ | £
Unrestricted funds
General:
General unrestricted fund | 442,076 | 453,782 | (455,333 ) | 440,525
Restricted funds
Restricted Fund | 42,957 | - | - | 42,957
Total funds | 485,033 | 453,782 | (455,333 ) | 483,482

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Camberley Gymnastics Club
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025

| As at 1 September 2023 | Income | Expenditure | As at 31 August 2024
--- | --- | --- | --- | ---
| £ | £ | £ | £
Unrestricted funds
General:
General unrestricted fund | 445,990 | 469,926 | (473,840 ) | 442,076
Restricted funds
Restricted Fund | 42,957 | - | - | 42,957
Total funds | 488,947 | 469,926 | (473,840 ) | 485,033

General reserves are held to cover the possibility of future funding shortfalls. At 31 August 2025 they stood at £216,849 (2023 - £218,400) and account for approximately 4 months total expenditure to ensure the sustainability of activities for our members.
Unrestricted Reserves 1 Sept 31 Aug
2024 2025
£ £
Designated Reserves
Employment contingency 58,000 58,000
Leasehold Improvements 60,677 60,677
Gym replacement equipment 20,000 20,000
Roof repair project 30,000 30,000
Minibus replacement 55,000 55,000
Total Designated Reserves 223,677 223,677
General Reserves 218,399 216,849
Total Unrestricted Funds 442,076 440,526
15. Transactions with Trustees
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
16. Related Party Disclosures
There have been no related party transactions in the reporting period that require disclosure.
17.
Income Share Rent Adjustment
In accordance with the terms of the RGA's lease of its premises from Rushmoor Borough Council the Income Share Calculation for the accounting period to the 31st August 2025 is as follows:
Turnover £453,781
Less:
Donations/gifts £500
Grants £nil
Fundraising (voluntary activities only) £19,303
Sponsorship £nil (£19,803)
...CONTINUED
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Camberley Gymnastics Club
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
Less Surplus Income
Threshold Using Bank of England Base rate (£553,669)
Surplus Income (£119,691)
Additional rent payable £nil
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Camberley Gymnastics Club
Detailed Statement of Financial Activities (including Income and Expenditure Account)
For The Year Ended 31 August 2025
Detailed Statement of Financial Activities (including Income and Expenditure Account)

| 2025 | 2024
--- | --- | ---
| Total funds | Total funds
| £ | £
INCOME AND ENDOWMENTS FROM:
Donations and legacies
Donations and gifts | 500 | -
| 500 | -
Charitable Activities:
Charitable activities
Members' subscriptions | 258,023 | 253,985
Competitions | 2,710 | 2,791
Holiday courses | 8,980 | 5,022
Hire of gym | 48,918 | 55,711
Camps | 10,992 | 8,265
BAGA Insurance 2025 | 12,215 | 15,675
Playgym | 85,862 | 99,025
| 427,700 | 440,474
Other trading activities
Income from other trading activities | 5,501 | 4,039
Fundraising events | 19,303 | 24,361
| 24,804 | 28,400
Investments
Bank interest receivable | 778 | 1,052
| 778 | 1,052
| 453,782 | 469,926
EXPENDITURE ON:
Raising funds
Opening stock and work in progress | (300) | -
Purchases | - | (300)
Fundraising | (1,321) | (127)
Rosebowl | (6,927) | (5,428)
Closing stock and work in progress | 300 | 300
| (8,248) | (5,555)
Charitable Activities:
Charitable activities
Purchases | (4,787) | (4,091)
Camp expenses | (444) | (221)
Competition fees & expenses | (5,190) | (6,801)
Wages and salaries | (270,063) | (272,870)
Rent | - | (44,480)
Light and heat | (21,972) | (26,296)
Repairs and maintenance | (25,106) | (31,191)
Premises insurance | (21,834) | (14,867)

...CONTINUED
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Camberley Gymnastics Club
Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued)
For The Year Ended 31 August 2025

Running of Gym | (54,727) | (26,630)
Vehicle running costs | (2,770) | (2,871)
Accountancy fees | (3,812) | (5,359)
Bank charges | (410) | (427)
Sundry expenses | (7,500) | -
Depreciation | (28,470) | (32,181)
| (447,085) | (468,285)
| (455,333) | (473,840)
NET EXPENDITURE | (1,551) | (3,914)
--- | --- | ---

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