REGISTERED COMPANY NUMBER: 02866118 (England and Wxlesl REGISTERED CHARITY NUMBER: 1050805 Report of the Trustees and Fin¥neixl St*tements for the Ye4r Ended 31 August 2024 for BasiDgstoke Gymnastic Club Harris La¢ey and Swain Chartered A¢counlanis and Statutory Auditors Suitc I The Riverside Building Hessle East Yorkshire HU13 ODZ
Basingstoke Gymnastic Club Content5 of the Financial Statements for the Year Ended 31 August 2024 Page Report of the Trustees Report of the Independent Auditors 9 to 12 Statement of Financial Activities 13 BalaDce Sheet 14 Clsh Flow St#temtnt 15 Notes to the Cash Flow Statement 16 Notes to tht Financial Statements 17 to 27 Detailtd St4tement of Financial Activities ?8 to 29
Basingstoke Gymnastic Club Report of the Trustees for the Year Ended 31 August 2024 The irustees ivho are also directors of the charity for the purposes of the Companics Act 2006. present their report with thc financial slaietnents of Ehe charity for the year ended 31 August 20?4. The tru8tees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to ¢harities pi-eparing their accounts in accordance with the Financial Reporting Siandard appli¢able in the UK and Republi¢ of Ireland IFRS 10?) (effe¢live l January 2019}. The Trustees have had due regard to the guidaiice published by the Charities Commission on Publi¢ Benefit. Specifically, the Trustees have operated the charity with due regard to increasing costs and ensLiring that any tec increas¢s have be¢n measured so as to ensure th¢ sustainable operation of the club whilsi balancing the objectives noted below. Further detail on this is found later in the doculncnl as are thc elub's objective and activities. The Report of the Trustees also fornis part of the Directors, Report. OBJECTIVES AND ACTIVITIES Objectives find aims The ()bjectives of the charily are: l } to advance the education of pre-school children. childreii. teeiiagers and adults cspecially those with special needs by organising. or assisting in the organisation of, the provision ot a lacility which H'ill enable and encoui'age such children lo participate in gymnasti¢s. 2) to assist in ensuring that duc attention is given to the physical education and development of such children and adults and, 31 to the developmeiit and occiipation of such children's and adult's minds ii'ith a view to fjJrth¢ring these obj¢¢ls. Our strategic pursuits extend beyond these obj¢¢tives, aiming to fortify the club's foundation and provide a 5¢cure environment for our dcdi¢atcd staff. Additionally, w'e aspire to toster heightened comtnunity engagcincnt in sports, contributing to a more active ld hcalihicr local populacc. Simultancously. w¢ arc rc501ule in our commitment to collaborate with the local community and council to achievc targets related to borou members. This involves addressing prevalent challenge5 such as youth obesity and mental healtm aligning our efforts with broader socieral goals. Our dedicatioii to making a posilive ijnpact extends far b¢yond the boundaries of our organization, refle¢ling our commitment to enhancing the well-being of the community at large. Objectives for the ytar The main obje¢tiv¢ ot the year was lo finalise the implementation of th¢ strategi¢ chang¢5 10 th¢ pathivays availabl¢ lo members of th¢ club as well as ¢onlinu¢ to focus on building upon the quality of the club's offering and r¢buildirig the club'5 res¢rvc5. In our last rcport il iva5 Stated that the developtncnt of th¢ pathways was to facilitatc grcalcr participation across gytnnastics and offer wider routes to participation for th05¢ Wishing to participate more competitively or, vice versa, those looking to ease out of these pathways. We are pleased to say that while early days, we are already seeing the benetits of this development, with greater positive movement between disciplines and CDmJnitment. Across th¢ year, major improvem¢n¢s were made a¢ross staff training, a key area of d¢velopmenl in our last report. Social investments The Trusiees have a due regard lo guidance published by the ¢harities ¢ommission on publi¢ ben¢fit. Our principal source of income is through re¢eipt of fees paid by members for coaching and ¢lasses. Thes¢ are calculated lo cover ihc carefully tnanagtd costs of the Club with a stnall surplus. Fees are graduatcd in rate per hour costs frotn £2.66 to £13.61. Through the year, whilst easing, inflationary pressures and the general cost of living remained acute. The Club has implemeiited a 5-year budgeting Process to tacilitate effective managcment of cost to members but also Club costs. The fre model adopted places thc highest cost per hour on those who attend frir one hour per week for gcncral gymnastics. The rate per hour is deliberately tapered with each additional hour's attendancc to allow those ivho train for the longest hours to continue to participate mindfijl of affordability. Page I
Basingstoke Gymnxstic Club Report of the Trustees for the Year Ended 31 August 2024 STRATEGIC REPORT Aehievemtnt ind performance Charitable Activities Our purpose as a sports charity is to provide a suitable environment tor the participation and enjoymeni ot gymnastics, tran)polining and frccstyle gytnnastics, primarily, but not exclusively.. to childrcn under 16. We remain an innovative and leading cliib. leading initiatives across fiinctions including coa¢hing and Welfare. The Club remains focused on increasing participation across all ages as well as participation lo thos¢ with disabilities. We continue to ensure w¢ are an accessible facility and rcgularly look at oppoi'tunities for new classes, provide one to onc classes and dedicatcd classes for disabilitics alongside participation in regular classes. As the Club emerges and builds back from the disruptive years we have lived through. a key focus of the Trusl¢es is to mov¢ akn'ay from a shorter-term 'ta¢tical' standing to a longer lime horizon. more strategic standing. Challenges faced include near l 00 /0 occupan¢y at the Club in s05ne ar¢as and the need for tnore space to facilitate participation of those on the waiting list. Fundr4isAng activities Our niembership and fees cover the day-to4lay running costs, coach education, Inainlcnance and successfvl opcration of Basingstoke Gymnastic Club Ltd. In ord¢r to fwiher upgrade equipment, support high p¢rfornian¢¢ gymnasts in international training and ¢ompetition, invest in high performan¢e coach education and invest in spe¢ialisl equipm¢nl, we have to rely on additional fundraising aclivities. Given the wider economic envirorment: institutional fundraising across the period proved challenging. A key focus area for the Trustees in 2412) is the developm¢nt of a fimdraising framework that is etTi¢acious at both the grassroots l¢v¢l but also at the institutional level. In pursuit of our charitable aims and objeciiveq. we hav¢ developed a busines5 plan. This plan s¢¢ks to eiisure maximisation of the charity's resourccs in delivering its aim. To pre-emptively address potential risks, the club is in the pi'ocess of developing a risk register. Financial transparency is a priority, with regular updal¢s and reponii)g scheduled quarterly. Embracing tecl)nological advan¢¢ments, th¢ ¢lub has inveslcd in n¢w digii&l rools lo enhance club operations and communication. Additionally. a targeted marketing plan has bc devcloped and is continually monitored and adjusted for effcctiveness. To strengthen community ties, we have committed to organizing at least one community engagement event or initiative cach quart¢r. fostering Collaborations with lo¢al s¢hools. organizations and sporlb clubs. This holisti¢ approach r¢fle¢ts our ommilmcnt to achicving our charitable goals through strategi¢ planning and proa¢tiv¢ ¢x¢¢ulion. Page 2
Basingstoke Gymnastic Club Report of the Trustees for the Ye#T Ended 31 August 2024 STRATEGIC REPORT Achievem¢llt and performanee Key perfornlance indicators Membership Growth & Retention Rates Th¢ club measures the number of new members joining ihe club over varying periods. This indicates the club's popularity and its ability to attract new pariicipants. We tra¢k rhe per¢eniage of members who coniinue their membership or renew their subscriptions. A high i'etention rate signifies member satisfaction and loyalty and retention rates are strong aeross all disciplines. Financial P¢rformance The club tracks the club's financial indicators, such as revenue, cxpenses, and profiiability. This in¢ludes monitoring income from memberships, competition tees, sponsorships and other revenue 5trcMtns. Facility Utiliz&tion The club tncasurcs the utilization ot thc gym facility by monitoring thc number of ¢lasses, training hours or renials. This helps to assess the efficiency of facility management and identify opportLinities for optimization. Facility utilization is a ore focus and the club operates on av¢rage al >950/o ¢apacity when open. Voluntcer Engagement The club evaluates the Icvel of voluntcer participation and engagement within the ¢lub. This includes measuring the number of volunteers, their hours contributed and the impact they have on club activities and events. Colnmunity Outreach The club monitors our involvemeni in community outrea¢h programs, such as hosting workshops, organizing events for underpi'ivileged children. or partnering with schools. This can reflect thc club's commitment lo social responsibility and its impact on the local community. AnDual perfortn#n¢e We measure our performance and su¢¢ess via a number of indi¢alors. Thes¢ indicalors include mimbership growth and retention rates, financial pcrformancc. facility utilization, voluntccr cngagem¢nt, and MmunitY oulr¢a¢h. A¢ross the period, membership across the club grew to 2,00 I members. Within thc rccreational di5ciplinc5 mcrnbci'5hip grew froin 1,208 to l ?76, with participants bcing awardcd 3.159 badgcs across thc ycar. Facility utilization dropped marginally from 97 /0 to 96.50/0 Utilization of the building during opening hours tor classes. Comniunity engagcment also increased with partnership5 cxpanding from Iwo lo fiv¢ local s¢hools and competition success wit]iin the elite pathway remaining strong across di5ciplincs. Voluntecr engagctnenl improvcd signifi¢anTly over the year which was very pleasing and the club are thank[ for the contribution5 Ot these voluntcer5. Financial revieiv Financial position Full details of the Club's financial position are provided below. Club Total Capital and R¢scrves'. £59,897 (2023: £2,802) Club Cash at Hand.. £179,939 {2023.. £167,038) Year End Surplus.. £57,095 (2023.. £69.363) As noted in the previous rcports, slabilization after a challenging period is a key focus for the Trustces. The Trustees are pleased to say that the 23124 year saw the club gencralc a modest surplus which will b¢ used in its entirety to restore member res¢rve funds and from wliich we plan to build greater financial stability. focus looking ahead r¢mains on dcveloping thc club's res¢rw¢s whilst balancing the other draws on funds {e.g. operating costs, improv¢tnents ctc.). Thc long-tertn target 15 for the Club to hold 3 months, r¢s¢rves, with a current target to reach I month by the end of the 24125 year. Page 3
Basingstoke Gymnastic Club Report of the Trustees for the Yr Ended 31 August 2024 STIL4TEGIC REPORT Financial review Restrves policy Thc club's longcr term reserves poli¢y is to hold 3 months, Ivorth of operating costs in reserve {ca. £333k). Given the depleiion of reserves during COVID. the Trustecs have cotnmittcd to a 5hort-term largei of achieving & reserve of I month's operating costs Ica. £1 I Ik} by the end of 2412). Rcscrves at the balance sheet date total £59,897, in¢luding £362,688 in designated funds, resulting in net fimds of -£302.791 which does not meet the Charity's current rcserves policy, howcver. is a vast improvement on the prior year and shows progress toivards meeting our short and long term reserves policy. The Trustees plan to ¢ontinue th¢ir Progress in moving toward the required level of reserves. The Gymnastic Club has an assct rcgisier ivith values and the lif¢ expe¢lan¢y of equipment. Mu¢h work has been done a¢ross the year to appraise the condition of equiptnent and build a financial model ivith lif¢ expectancy for th¢ equipmeni to ensure that the Club is managing its finances sustainably with respect to equipment replaceinent. Page 4
Ba5ingstoke Gytnnastic Club Report of tke Trustees for the YeAr Ended 31 Augmst 2024 STIL4TEGIC REPORT Potential economic factors The financial well-being and sustainability of a gytnna5tics club are subject lo sevcral factor5. Key considcrations include the impact of membership fees and revenue streams, facility costs such as rent and tnaintcnance, compctition and pricing strategies, staffing expenses for coaches and administrative personnel, equipment maintenance and upgrad¢s. prudent investment in marketing. insurance cos(s tor liability and property coiierage, financial planning for events and competitions, sensitivity to economic conditions affccting di5posablc income, adhcrencc to government regulations and pursuit of grants. as well as the careful managcment of tccknology and softw'are costs for administrative purposes. Balancing (hese asp¢¢is is crucial for maintaining the clLib's financial stability and success. Risk management framework Within our risk management frameivork. the club has implemented an operational risk matrix to Systematically monitor and a55CSS Potential risks. This matrix functions as a valuable tool for classifying risks based on their likelihood and impact. enabling us to efficiently prioritize and allocate resources. Additionally, we have established robust systems and prOcedie5 to effectively manage identified risks. Our risk managcment protocols are ¢rafted io miiigate. monitor and respond to potential challenges. thereby bolstering our resilicncc and minimizing the impa¢t on our opei'ations. We are reviewing and updating our risk Inanagemenl strategies at thc Board lo align with ihe evolving12nds¢ape of our indusiry. Continuous iinprovement remains a primary tocus, and we activcly seek teedback and insights to enhance our approach in addressing ¢m¢rging risks. Our commitment to organizalional ex¢ellence is unders¢or¢d by the impl¢m¢nlalion of regular audits, which meti¢uloLisly assess the performance of both the management team and the overall club. These comprch¢nsive audits are owned by tlie Trustees and structured to evaluate various essential facets, ¢iicotnpassing Human Rcsourc¢s. Operational effi¢iency, financial pra¢tic¢s. Health and Safety protocols, W'elfare {5pecitically sateguarding mc&5ures) and govcrnan¢¢ frameworks. The Human Rcsource3 audit dclvc5 Into personnel management, training, and development, ensuring a well-supported and capabli worktorce. Operational audit5 focu5 on the ¢fficicncy and effI¢a¢y of our day-lo-day activities, s¢eking ar¢as for streamlining and improvement. Finanri&l audits are Crucial for maintaining fiscal responsibility and transparency, scrutinizing financial practices and reporting to uphold the highest standards of finan¢ial int¢grity- H¢alth and Saf¢ty audits are paramount in guaranteeing the well-being ot all stakeholders. cxainining safely protocols and coinpliance with regulations. The W¢lfare or safeguarding audit prioritizes the protection and wclfarc ot individuals involv¢d with thc club. ¢nsuring a sccure environment for all. Lastly. governancc audits aim to assess and slr¢ngih¢n our governance structures, ensuring alignment with legal and ¢ihi¢al standards ivhile promoting accolintability and 5trat¢gic dccision-making. Through th¢ meticulous examinations, we demonstrate our unwavering dicatIon to Tnaintaining a high standard of operational ¢x¢ellenc¢ and ethical conduct within our organization. Iii conducting audits w'ithin the5c key areas, we strive to not only ensurc thc currcnl effe¢riveness ot our sysl¢ms bul also to identify op]x)rtuniti¢s for enhaiicement and adherence to best practices. Acr055 the ycar. an audit was c05npl¢ted across each area, with improvements and etthan¢¢menls made. These audits have bccn structured to strike a balan¢e between ensuring inforniation is understood and cliccked to ensure the responsibilities of the Triistees is lfIlled, with the recognition that the Trustees remain non-executiv¢ and the ex¢¢utiv¢ team have day-to-day responsibility for the club'5 operation. Page 5
B¥singstokt Gymn*sti¢ Club Report of the Trustees for the Year Ended 31 August 2024 STRUCTURE, GOVERNANCE AIYD MANAGEMENT Governing document The charity is controlled by its governing document the memorandum and arti¢l¢s of association dated the 26th October 1993. and amended by special resolution dated 26th October 1995. The charity is & limited cotnpany, litnited by guarantee. as defined by the Companies Act 2006. Recruitment and appointment of new trustees Prospective neM' Trustees are typically proposed by an existing club mcillber ivho tnay or may not be Trustees for formal ele¢tion at the cliib's AGM. Prior to their election prospective Trustees are offered the opportunity to attend at least one board m¢eting as an observer to properly understand the working of the board. Trustees meet a minimum of once per quarter. Trustees are elected tor a three-year period and may stand tor r¢-ele¢iion. Tlie Trusree onboarding process has becn enhanced and M'c are plcascd to have wclcoined new Ti'uslces witli cotnplemcntary skillsets onto the Board. The General Manager I Club Manager is appoinied by th¢ Trust¢¢s to manage the day-to-day activities of the charity. During 23124 1 trustee was appointed (Charlotre Barsbyl. Organisational structure Carl Dunne oversees the operation of the ¢lub and reports directly to the board of Trust¢¢s. Joe Fras¢r remains as Performance Director and Karen Holtncs as Administration Manager. Induction And tr#ining of new trustees Upon showing inlcrest, potcntial new 'frustec5 will discus5 the roles and r¢quiiements wilh the Chairman, and if suitabS¢ vill be invited to attend board meetings. following this mccting, if they arc 5Uitablc with appropriate skills. arc pul forward tor clcction at thc AnnLial Gciicral Meeting ot the Club. Expc¢iations or Trustecs al'c scl out wiihin a Board Role and Expectations document and training is completed to cover Welfare obligations, BG best practice, NSPCC best practice for Trustees and their obligations as company directors. Key management remuneration To ensure transparency, fain)ess, and competitiveness in its compensation practices, our club meticulously structures arrangements for setting pay and remunerations for kcy management pcr50nnel. The process involvcs a comprehensive analysis of industry standards. markel trends, and tl)e ¢ompany's financial pertonnance. Benchmark pararneters aiid Criteria ar¢ ¢stablish¢d lo ¢valuale ihe roles, r¢sponsibiliti¢s. and p¢rformance of key executives. The company ¢onsid¢rs factors such as industry benchmarks. regional economic ¢ondilions, and the organization's sirategi¢ goals. Additionally, individual performance metrics, leadership capabilities, and contributions to th¢ company's 5ucress are carcfiilly assessed. This holistic approach ensures that the compensation packages align with tnarket expectations. retlect individual a¢hi¢v¢menls. and in¢¢nlivize sustained high performance. Regular reviews and adjiistments are made to adapt to changing market dynamics, thereby fostering a ¢uliure of talent retention, motivation and organizational success. Related parties Carol¢ Cairns is a qualified Bookkeeper who ov¢rs¢¢s the Gym ¢lubs' accounts on a monthly basis, this 15 a paid tM)sition. The club also liaise5 WLth our auditor Harris Laccy and Swain. Risk m#n#g¢ment Thc trustees have a duty to idcnlify and review the risk.s to ivhich the charity 15 exposed and to ensure appropriate controls are in place to provide reasonable a55urance against fraud and error. REFERENCE AND ADMINISTIL4TIVE DETAILS Registered Company Dumber 02866118 (England and Wales) Registtred Charity number l Oi080i Page 6
B8singstoke Gymnastic Club Report of the Trustees for the Year Ended 31 August 2024 Registered office The A¢tive Life Centre Stephenson Road Hoiindmills Basingstoke Hampshire RG216XR Trustees V R Bartlett G J Dennis THDMoorc B Cuminings K G Laing (resigned 30.9.231 JSHunt C J Barsby (appointed 23.3.24) S A Johnston (appointed 1.9.24) Auditors Harris Lacey and Swain Chartered Accountants and Statutory Auditors Suit¢ I The Riv¢rside Building He5sIc Easi Yorkshire HU13 ODZ Bankers Bar¢l&ys Bank PLC Solicitors Brain Chase Coles Wote Sir¢¢i Basingstokc RG217NL Club Mallager Carl Dunne Person Wlth Significant Control Gregg Dcnnis Administration Man8ger Karen Holmes STATEMEwf OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the dire¢tors of Basingstoke Gymnasti¢ Club for the purposes of ¢oinpany law} are responsible tor preparing the Report of rh¢ Trustees and the financial stat¢ments in accordan¢e with applicable law arLd United Kingdom Accounting Standard5 {United KingdoJn Generally Acccpted Accounting Practice). Page 7
Ba$lngstoke GymnAStlc Club Report of the Trustees ror the YtAr End 31 August 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES- eontlnued Company l&w requires th¢ trustees to prepare fmancial statements for each financial year which give a true and fair view of the state of affairs of the tharitable company and of th¢ incoming r¢sources and application of resources, in¢ludin8 the income alld expenditure, of thc charitable lpanY for that p¢riod. In prepIng thos¢ fmancial statements, the trustees are required to select suitable accounting policies and then apply them cottsist¢ntly' observe the methods and principl¢s in the Chwity SORP. make judgements and estlmates that are reasonablc and prndent. prepare the fll)ancial slat¢menls on the 80ing concern basis unle55 It is inappropriate to presume that the charitablc company will continue in busin¢s$. The ¢rustee5 are r¢sponsible for keeping proper accounting records whi¢h disclose with reasonable accuracy at any time the fwarAcial posilion of the charitable company and to enable them to ensure that the fmanciAI sts¢¢ments comply with the Comp&nies Act 2006. They are also responsible for safeguarding the as5¢ts of the chAritsble company and hence for taking reasonable slep8 for the prevenilon and detection of fraud and other irregularities. In so fRr u th¢ tnLstec5 4r¢ aware: there is no relevant audit inforniation of which the charitable company's auditors are unaware. and the trustees have taken all steps that th¢y ought to have taken lo make th¢mselves aware of any relevant audit infonn4tion and to ¢$tablish that the auditors are aware of that inforn]ation. AUDITORS The auditors, Harris Lacey and Swain, will be proposed for re-appointment dt the forthcoming Annual General Meeting. Report of the tru51ees, incory)orating a strategic report, approved by order of the board of trustees, as th¢ company directors. on.lQ Ff4L.ij¥.dx..Ik'i !:.%.. Aiid signed on the board's bebalf by: enni5- Tnle¢ Page 8
Report of the Independent Auditors to the Members of B#sin¥stoke Gymnastic Club Opinion We have audited the financial statements of Basingstoke Gymnastic Club {the 'ch2ritable company,) for the year ended 31 August 2024 wl)ieh coinprise the Statement of Financial Activities. th¢ Balance Sheet. the Cash Flow Sialement and notcs to th¢ financial statements, including a sutnmary of significant accounting policies. The financial reporting tratnework that has been applied in their preparation is applicable law and United Kingdom Accounting Siandards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial stalemenis.. give a true and fair view ot- the state of the charitable company's atTairs as at 31 August 2024 and of its incoming resources and application of resources. including its income and expenditure, for the year then ended; have been properly prepared in accordance ivith United Kingdom Generally Accepted A¢¢ounting Pracli¢e,' and have been prepared in a¢¢¢)rdan¢¢ with Ihe requirements of thc Companies Act 2006. Basis for opinion W¢ conducted our audit in accordance with International Standards on Auditing (UK) (ISAS ILIK)) and appli¢able law. Our r¢sponsibiliti¢s under those standards are turther d¢5¢ribed in the Auditors, rcsponsibilities for the audit of the financial stateinenfs 5e¢tion of our report. We are indcpcndcnt of the charitable company in accordance with the cthical requirements that are relcvant to our audit of the financial statements in thc UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in ac¢ordance wilh ihese requiremenis. We beli¢ve thai the dudit evid¢nce we have obtain¢d is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing Ihe financial statements. we have ¢on¢luded that the trustees, use of the going ¢onLem basis of accounting in th¢ preparation of the financial statements is appropriate. Bascd on the work we have performed, we have not identified any material uncertainties relating to events or condition5 that, individually or collectively, may cast significant doubt on the charitabl¢ company's ability to continu¢ as a going ¢on¢ern for a period of at least twelve months from when the financial statein¢nts are authorised for issu¢. Our rcsponsibiliti¢s and the responsibilities of the trust¢¢s with r¢sp¢¢t lo going ¢on¢ern are describ¢d in the relcvant sections of this report. Other information The Irusie¢s are r¢sponsible for the other information. Th¢ other information Comprises the information included in the Annual R¢porl. Otiicr than tli¢ financidl sld(¢tnciils aiid our Report of the Independcnl Auditors th¢rcon. Our opinion on the financial statements does i)ot cover the other intorination and. except to the extent otherwis¢ ¢Yplicitly stated in our report, we do not e.xpress any torni of assurance coi)clusion tl)ereon. In ¢onneclion with our audit ofthe financial statements. our responsibility is io read the other infomalion and, in doing so. consider ivhether the other information 15 materially inconsistent with the financial statements or our knowledge obtaiiied in the audit or othenvise appears lo be materially misstated. If we identify such material inconsistencies or apparent material misslatemenls, w¢ ar¢ r¢quir¢d to d¢l¢rmine wh¢th¢r this gives ris¢ to a material misstatement in th tinan¢ial stai¢ments themselves. If, based on the work we have p¢rforined, we ¢on¢lude that there is a material misslatetncnl ot this Othcr inforTnation, wc are rcquired to rcport that fact. We havc nothing lo rcporl in thi5 rcgard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undcrtaken in the ¢ours¢ of the audit.. thc intormation given in the Report of the Trusl¢es for the financial year for which the financial staiemcnls arc prepared is consistent with the financial statements- and the R¢porl of th¢ Trustees has b¢¢n prepar¢d in accordance with applicable legal requirements. Page 9
Report of the Independent Auditors t& tht Members of Ba5ingstoke Gymnastic Club Matters on which we are required to report by exception In the lighi of the knowledge and understanding of the charitable company and its environment obtained in the Course of the audit. we have not identifi¢d material misstatements in the Report of the Trustees. We havc nothing to report in respcet of the following matters ivhere the Companies Act 2006 requircs us to report to you if, in our opinion.. adequate accounting records have not be¢n kept or returns adequate lor our audit hav¢ not been received from branches not visiied by us. or the financial statemcnts are not in agrcement with thc accounting records and returns. or certain disclosures of trustees, remuneration specified by la. are not made,. or Ive have not received all the information and explanations we require for our audit,. or the trustees were not entitled io lake advantsge of the small companies excmpiion from t]ie requirement to preparc a Strategic Report or in preparing the Report of the Trustees. Responstbilities of trustees As explained more fully in the Statement of Trustecs, Responsibilities, the trustees (who are also the directors ot the charitable company tor the PUTP05es of company lawl arc responsible for the preparation of the finajicial statements and For being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or ¢rror. In prcparing thc financial statements. the trustees are responsible for assessing thc charitable company'5 ability to continue as a going concern, disclosing, as applicable: matters related to going concern and using the going concern basis of accounting unless the truste¢s either intend to liquidate the ¢haritable company or to Cease operations. or have no realistic alternativ¢ but to do so. Pag¢ 10
Report of the Indeptodent Auditors to tbe Members of Ba5ingstoke Gymnastic Club Our responsibilities for the &udit of the financial statements Our objeciives are io obtain reasonable assurance about whether the financial statements as a ivhole are free from material misslatcmenl, whether due lo fraud or error. and to issue a Report of the Independcnt Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in acrdance with ISAS (UK) will alivays detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they coiild Teasonably be expected io influence thc economic decisions of users taken on the basis of these financial staremenls. The extent to ivhich our procedures are capable of detecting irregularities. including fraud is detailed below-. We identify and assess the risks of material misstatement of the financial statements, Ivh¢ther due to fraud or error, and then dcsign and pcrfortll audit proccdurcs responsivc to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. Idetttifying and assessing potential risks related to irregularities In identifying and assessing risks of material misstatcmcnt in respect of irregularities, including fraud and non•compliance with laws and regulations. we considered the following.. Audit response lo risks identified the naturc of the industry and sector, control environment and business performance including key drivers tor directors, remuneration. bonus levc15 and peTtormance targets results of our enquiries of management and their own identification and assessment of the risks of irregularities; any matters ive identified having obtained and reviewed the companies, documentation of their policies and pro¢¢dur¢s relating to-. identifying, evaluating and complying ivith laws and regulations and whether th w¢re awar¢ of any instances of noncoinpliancc. detecting and responding to the risks ot fraud and whether they have knoivledge ot any actual, suspected or alleged fraud., lh¢ internal ¢ontrols established to mitigate risks of fraud or non-compliance with laws and regulations; thc matters discussed among ilie audit engagement ieam including regarding how and where fraud might occur in the financial 5tatement5 and any pot¢ntial indi¢attsrs of fraud. As a result of these procedures. we considered the opportunilics and inceniivcs that may exist within the organisation for fraud and identified the gr¢atest potential for fraud in relation to revenue deferrals. In common with all audits under ISAS (UKI. we ar¢ also required to pei'form spccific proccdurcs to respond to the risk 0*-mgement override. We also obtaincd an understandiiig of Ihc lrgal and regulaiory fram¢works that the Company operal¢s in. fo¢u5ing on provisions ot'those laws and regiilations that had a direct cffcct on the detcrmination of material atnounts and disclosures iii the financial statements. The key lai¥s ai)d regulations wc considered in this context included the UK Companies Act. UK Corporate Govemance Code and lo¢al tax legislation. ]In addition, we con5idcred provisions of oihcr laws and regulations that do not have a direct effect on the financial Statements but compliance with which may be fimdamcntal to the company's ability to operate or to avoid a material penalty. Audit response to risks identiticd Our procedures to respond to risks identified included the following.. reviewin8 the financial statement disclosures and testing to supportiiig documcntation to assess compliance with provisions of r¢lcvant law5 and regulations described as having a dir¢ct eff¢¢t on the financial ststem¢nls; enquiring of managcmenl concerning actual and potential litigation and claims: performing analytical procedures to identify any iinusual or unexpect¢d relationships that Jnay indirale risks of material misstatement due tt) fraud: reading miniilc5 of meeiings of those charged with governance obtaincd an understanding of provisions and held dis¢ussions with manag¢m¢nt to understand the basis ot recognition or non-recognition of t&x pi'ovisions,. and Page 11
Report of the Independent Auditors to the Member5 of Basingstoke Gymnastic Club in addressing th¢ risk of fraud through management override of controls, testing the appropriaieness ot joumal entries and other adjustments,. assessing whether the jud8emenrs made in making ac¢ounting estimates are indi¢alive ot. a potential bias,. and evaluating thc busincss rationalc of any significant transactions that are unusual or outside the normal course ofbusiness. We also comtnuni¢ated relevaftt identified lam's and regulations and potential fraud risks lo all engagcment team members, and remained alert to any indications of fraud or noncompliance with laii's and regulations throughout the audit. A further description of our responsibilities for ihe audit of the financial stalein¢nts is lo¢ated on th¢ Financial Reporting Council's 'ebSite at www.frc.org.uk/auditorsresponsibilities. This description fonns part of our Rep)rt of the Independent Auditors. Use of our report This report is made solely to the charitable company's members, as a body, in accordance wilh Cliapter 3 of Part 16 of the Companies Act 2006. Our audit ivork has been undertaken so that H'e might state to the charitable company's meinb¢rs those m&tters we are required to stale to them in an auditors, report and for no other purpose. To th¢ fullest extent pemittcd by law, we do not a¢c¢pt or assum¢ responsibility io anyone oth¢r than th¢ charitable company and the charitable company's meinbers as a body, for our audit work, for this report, or for thc opinions we have fortned. Laura J Drew BFP ACA FCCA (Senior Statutory Auditor} for and on behalf of Harris Lacey and Swain Chart¢r¢d A¢wuntanls and Statutory Auditors Suite I The Riversidc Building Hesslc East Yorkshire HU13 ODZ 44 Date.. Page 12
Basing$toke Gymnastic Club Statement of Financial Activitie5 for the Year Ended 31 August 2024 2024 Total funds 2023 Total nds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 108,212 108,212 110,806 Ch#ritJble aetivities Provision ol-gymnaslic facilities 1,144.689 1.144.689 980.370 Other trading activities Investment income 145,091 1.312 145,091 1.312 130,793 401 Total 1.399.304 1,399,304 1,222,370 EXPENDITURE ON Raising funds 62,652 62.652 50,504 CharitAble activities Provision ot gynmastic facilities 1,279,557 1.279.557 1,102.503 Total 1,342,?09 1,342.209 1,153,007 NET INCOME 57,095 57.095 69,363 RECONCILIATION OF FUNDS Total fvnds brought forward 2,802 2,802 166,561) TOTAL FUNDS CARRIED FORWARD 59,897 59.897 ?.802 The note5 form part of these financial statements Page [3
B8slngstoke Cymnoitle Club {Re8lJtered number: 02866118) Balance Sheet 31 August 2024 2024 Total 2023 Tot fvnds Unrestricted fimds Restricted Notc5 FIXED ASSETS T8ngiblc assets 15 155,084 155.084 220,969 CURRENT ASSETS Stocks D¢biors Cash at bank 16 17 10,426 11,816 179,939 10,426 11,816 179,939 336 23,411 167,038 202,181 202.181 190,785 CREDITORS Amounts falling due within one year 18 (119,508) (119,508) (104,900) NIT CURRENT ASSETS 82,673 82,671 85,885 TOTAL ASSETS LESS CURRENT LIABILITIES 237,757 237,757 306,854 CREDITORS Amounts falling due aflcr more than one year 19 {65,782) (65,782) (111,762) PROVISIONS FOR LL4BILITIES 22 (47,500) (47.500) (47,500) ACCRUALS AND DEFERRED INCOME 23 (64,578) (64,578) (144,790) NET ASSETS 59,897 59,897 2,802 FUNDS Unre8tr1cled fjjnds 24 59,897 2.802 TOTAL FUNDS 59,897 2,802 These fanCIaL statwn¢nts hav¢ been pr¢pAred in a¢¢ordanc¢ with th¢ provisions applicable to charitable companies subject lo tbc Small companies rcsime. The financi81 statements were approved by th¢ Board of Trust¢es and authoris¢d fLY ISS io......ff..64.kxi4>..LiiLI.. and were signed on its behalf by.. on ¢nni5 - TNs1¢¢ Th¢ notes form parl of the8¢ financial statements Page 14
Basingstoke Gymnastic Club Cash Flow Statement for the Year EDded 31 August 2024 2024 2023 Notes Cash flow5 from operating aetivities Cash generated from opei'ation5 Ini¢r¢st paid 16,515 110,2011 82,412 I10:i691 Net cash provided by operating acflvities 106,314 71,843 Cash flows from investing activities Purchase of tangible tixed assets Int¢rest received {48,7?51 1,312 {25,6331 401 Nct cash used in investing aciivilies (47,4131 {25:2321 Cash flows from fiu*neing aetivities Loan repaymcnts in year 146.0001 {45,8671 Net cash used in financing activities (46,0001 145,8671 Change in cAsh and cash equivAlents in the reporting period Cash And cash equivalents at the beginning of the reporting period 12.901 744 167,038 166.294 Cash and cAsh equivalents at the end of the reporting period 179.939 167.038 The notes form part of these financial statements Page 15
Basingstoke Gymnastic Club Notes to tbe Cash Flow StAtement for the Ye&r Ended 31 August 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income for the reporting period (as per the Statement of Finan£ial Activities) Adjustments for: Depreciation ¢harges Loss on disposal of fixed a55ets Interest received Interest paid (Increase)Idecrease in stocks Dccrcasel(incr¢aq¢l in d¢btors DeCree in crcditors 57.095 69,363 114.611 111,933 995 (401) 10,569 3,377 121,418) {92,006) (1,312) 10,201 {10,0901 11.595 {65.585) Net cash provided by operations 116,515 82,412 ANALYSIS OF CHANGES IN NET FUNDS Ar 1.9.23 Cash flow At 31.8.24 Net taslt Cash at bank and in hand 167,038 12,901 179.939 167,038 12,901 179,939 Debt Dcbts fallin£ due within l ycar D¢bts falling due after l year (45,9501 {111,7621 19 45,980 {45,931) {65,7821 1157,7121 45,999 (111.713) Total 9.326 58.900 68,226 The notes form part of these financial statcrrLenls Page 16
Bsingstoke Gymnastie Club Notes to tbe Finaneial Statements for the Year Ended 31 August 2024 COMPANY If4FORMATION The company is a private company limited by guarantee and is incorporated in England and Wales. The address of its registered office is The Active Life C¢ntre: Stephenson Road, Houndmills, Ba5ingsloke, Hatnpshire, RG21 6XR. The company's registered numbcr is 02866118. The principal activity of th¢ ¢ompany in ihe year under review was that of rhe advancement of education of children within the borough of Basingstoke and Deane by way of providing gymnasti¢ facilities ond other associated activities. ACCOUNTING POLICIES B2sis of preparing the financial statements I'he financial statements of the charitable company, which is a public ben¢fit ¢ntity under FRS 102, hav¢ be¢n prepared in a¥cordan¢e with the Charities SORP IFRS 102) 'Accounling and Reporting by Charilie$.' Statement ot. Recommcndcd Practicc applicablc to charitics prcparing their accoiints in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 10?) leftective l Janliary 2019),. Finan¢ial Reporting Standard 102 'Tlie Financial Reporting Standard appli¢able in the UK and R¢publi¢ of Ir¢land' and the Coinpanies Act 2006. The finan¢ial statements have been prepared under th¢ historica] cost convcntioii. The Charity is aivare of their financial position at the year end. Tlie accounts liave been prepared on a going ¢on¢¢rn basis ds a result of the budgets that th¢ Ch¢Vity has prepared for th¢ n¢xt thr¢¢ years. It was feli that this still an appropria1¢ basis of preparation. Critical atcounting judgements and key 50urcts of estimatlOD unf ertainty Estimates and judgcmcnts arc continually cvaluated and are based on historical experience and other tactors, in¢luding expertations ot liitur¢ events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors, best knowledge of the amount. events or actions, actual results ultimately diffei. froJn thcbe c5timates. Thc Directors do not considcr there to b¢ any m¢iterial cstimates and judgcmenrs. Ineome All in¢oin¢ is rc¢ognised in the Sialem¢nt of Finan¢ial A¢livities once the Charity has entitleinent lo th¢ funds, it 15 probable that the income will be received and the amount can be measured reliably. Sponsorships & Grjnt income InLome is recognised on¢e confirmed by the sponsor. Where n¢¢essary it is deferred into th¢ period in which it relates. RoomlCoch hire & Birthday parties Partial payment in advance are iaken upon booking, the income from th¢se payments 15 not recognised until two weeks before the event, whcn the rcm&ining balan¢e has b¢en settled. Other income All othcr sour¢es of income are r¢wgnis¢d in ]1, at the time of receipt. Expenditure Liabilitics are recognised a5 cxpenditure as soon as th¢r¢ is a legal or Constructive obligation committing the charity to that expenditure, it is probable that a Iranster of e¢ononii¢ benefits will be required in s¢ttlemenl and Ihe amount of the obligation can be measured reliably. Expenditurc is accounlcd for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Whcr¢ Costs cannot be directly atiribuied to particular headings they have been allocated to activities on a basis con51Stcnt with the use of re30urccs. Pagc 17 continucd...
Basingstoke Gymnastic Club Notes to the Financial Statements - eontinued for the Year Ended JI August 2024 ACCOUNTING POLICIES - continued Tangible fjxed Assets Depreciation is provided at the (ollowing annual rates in order to write off each asset over its cstimated use1 life. Long leasehold Improvements to property Plant and machinery Fixiures and fittings Compulcr equipment 50/0 on cost IOQ/o on cost 200/0 on Cosi 20/0 on cost 33/oon cost It is the Charity's policy to capitalise expenditure greater than £l.000 on gymnastic equipment and tixtures and fittings and computer equipment greater than £500. Amounts smaller than that are charged to resources expended in the Statetnent of Financial Activities. During the year ended 31 August 20? l Basingstoke Gymnastic Club took over the leaschold building from Active Life Cenlre. The depreciation policy is to depreciate over the term of the lease which is 20 years. Thei'e is now l year left on thc Icase. Storks Sioiks are valued at the lower of wst and net r¢alisable value. after making due allowance for obsolctc and slow moving items. Taxation Th¢ cliarity is exempt from ¢orporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with thc charitable objectives al th¢ discretion of th¢ tn]ste¢s. R¢slri¢ted fvn(ts can only be used for particular restricted purposts within the objects of Ihc Charity. Restriction5 ar15c whcn spc¢ified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purposc olca¢h fund is in¢lud¢d in th¢ notes to the financial statements. PtnSlOD costs #nd oth¢T PO$t-retirement benefits The charitable company op¢rates a dcfiD¢d contribution p¢nsion scheme. Contributions payable to the charitable company's pension scheme are charged to th¢ Statcmenl of Financial Activili¢s in th¢ period to which they r¢lat¢. Financial instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instrlunents. Basic financial instruincnts. including trade and other d¢btors and ¢r¢ditors are initially recognised at transaction value and subsequently measured at their settlctncnl valu¢. Page 18 continued...
B4singstoke Gymnastic Club Notes to the Financial Statements- continued for the Year Ended 31 August 2024 DONATIOIYS AND LEGACIES 2024 2023 Granis 108.212 110,806 Granis received, included in the above, are as follows.. 2024 2023 ALC Grant B&D Council Grant 80.212 28.000 82,806 28,000 108,212 110.806 OTHER TRADING ACTIVITIES 2024 2023 Sponsorships Shop inci>Fne Cafe incoine Fundraising events Birthday parties Room and ¢oa¢h hir¢ Other incom¢ Holiday club 2,486 12,457 11.247 67,626 7.194 i,665 911 37,505 11,773 4,191 I l.i74 49,598 7.140 6.792 186 39,539 145,091 130.793 INVESTMENT INCOME ?024 20?3 Interest re¢eivabl¢ - trading 1,312 401 Page 19 continucd...
Ba5ingstoke Gymnastie Club Notes to the Financial Statements- eontillued for the Year Ended JI August 2024 INCOME FROM CHAIUTABLE AcfIvITIES 2024 2023 Aetivity Gymnastic fee5 & subscription Gymnastic ¢omp¢titions Provision of gymnastic tscilities Provision of gyninastic facilities 1.130.184 14.505 961.223 19.147 1,144.689 980.370 RAISING FUNDS Other trading activities 2024 2023 Purchases Bad debis Other costs Events costs Interest payable and similar charges 17,102 761 33.441 1,147 10.201 21.598 14 17,922 401 10.569 62.652 50.504 CHARITABLE ACTIVITIES COSTS Support costs (scc note 9) Direct Costs Tota15 Provision of gymnastic facilities 133,131 146,426 1,279,557 SUPPORT COSTS Governance Costs Management Financ¢ Totals Provision of gymnastic farilities 122,666 16,060 7,700 146.426 io. NET INCOMEI(EXPENDITUREI Net income/{expenditure} is stated after Chargin{creditIng).' 2024 2023 Depreciation- owned assets Deficit on disposal of fixed assets Operating lease rentals 114,610 111.933 99) 38,500 54,326 Page 20 continued...
Basingstokt Gymnastic Club Iyotes to the Finaneial Staitements - continued for the Year Ended 31 August 2024 AUDITORS, REMUNERATION 2024 2023 Fees payable to the ¢hai'ity's auditors for the audit of th¢ charity's financial statements 7,700 7,264 12. TRUSTEES, REMUNEIL4TION AND BENEFrrs There were no trustees, remuneration or othcr benefits for the year ended 31 August 2024 nor for the y¢ar end¢d 31 August 20?3. Trustees, expenses There wer¢ no 31 August 2023. Irusle¢s' ¢Kpenses paid for the y¢ar ended 31 August 2024 nor tor thc year ended 13. STAFF COSTS 2024 2023 Wages and salaries Social securiiy costs Other pension costs 814,865 52,146 13,782 669,255 42,474 11.373 880,793 723,102 Th¢ averag¢ monthly number of employees during the year ivas as tollows.. 2024 66 2023 50 Avcragc number of staff Th¢ numb¢r of ¢mployees whose employee bcnetils (excluding employer pension ¢osib'l ¢xce¢d¢d £60,000 was.. 2024 2023 £60,001- £70,000 14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted nds Resti'icted funds Total fi]nds INCOME AND ENDOWMEf4TS FROM Donations and legacies 110,806 110.806 Charitable activities Provision of gymnastic facilitics 980.370 980,370 Other trading activities Investment income 130,793 401 130,793 401 Total 1,222.370 1,222,370 EXPENDITURE OIY Page21 continued...
B>singstoke Gymll2Stie Club Notes to the Financial Statements - continued for the YtAr Ended 31 Augllst 2024 14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unrestricted Restricted fi]nds funds Total funds Raising funds 50,504 50,504 Charitable ctivitie5 Provision of gymnastic facilities 1.102.i03 1,10?.503 Totl 1,153.007 1.153.007 NET INCOME Transfers between funds 69,363 199,670 69.363 (199,670) Net movtm¢nt in funds 269,033 1199.670) 69.363 RECONCILIATION OF FUNDS Totsl lunds brought forward 1266,2311 199,670 (66,56l) TOTAL FUNDS CARRIED FORWARD 2.802 2.802 15. TANGIBLE FIXED ASSETS Improv¢m¢nls to property Long leaschold Plant and mhInery COST At I September 2023 Additions 1,631,814 157,722 4,876 302,500 41,462 At 31 August 2024 1.631,814 162,598 343,962 DEPRECIATION At I S¢pt¢mber 20?3 Charge for year .479,653 81.)91 141,341 3.1 li 258.843 24.981 At 31 August 2024 1.561,244 144,456 283,824 NET BOOK VALUE At 31 August 2024 70.570 18,142 60.138 At 31 August 2023 152,161 16,381 43,657 Page 22 continiied...
Basingstoke Gymnastic CIMb Notes to the Finxneial Stxtements - tontinutd for the Year Ended 31 August 2024 15. TANGIBLE FIXED ASSETS - continued Fixtures and fitting5 Computer equiptnent Totals COST At I Septetnber 2023 Additions 30,377 29,459 2,387 2,lil,872 48.7?5 At 31 August 2024 30,377 31,846 2,200.597 DEPRECIATION Al I S¢pi¢mb¢r 20?3 Charg¢ for year ?4.724 ,413 26,342 3,510 1.930,903 114,610 At 31 Augiist 2024 26,137 29,852 2,045.513 NET BOOK VALUE At 31 August 2024 4,240 1,994 155,084 Al 31 August 2023 5,6)3 3,117 220,969 16. STOCKS 2024 2023 Stocks 10,426 336 17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Othcr debtors Prepayments 7,759 785 9,733 12,893 4,057 11.816 23,411 Page 23 continued...
Basingstoke Gymnastic Club Notes to the Financixl Statements- continued for the Year Ended 31 August 2024 18. CREDITORS: AMouNfs FALLING DUE WITHIN ONE YEAR 2024 2023 Othei. loans (see note 20) Trade creditors Social security and other taxcs Other creditors A¢¢rued expenses 45,931 2,960 11,150 13,460 46,007 45.9iO 8.171 10,894 7.364 32.521 119.508 104.900 Included within creditors above is deferred income totalling £2,3?2 {2023 £1.4001. Thc movement in the year is as follows= Charitable activities Totsl At I September 2023 Rel¢ased from previous years Dcf¢rrcd in the Gurreni y¢ar ,400 (1,4001 2,322 1,400 11,4001 2,322 At 31 August 2024 2,322 2,322 Incoming resour¢es have only b¢en deferred in respect of monies receivcd in advance of th¢ s¢rvices b¢ing delivered. 19. CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR 2024 2023 Othcr loans (sec nol¢ 20) 65,782 111,762 20. LOANS An analysis of the maturity of loans is given beloiv.. 2024 2023 Amounts falling dLie within onc year on demand.. Other loans 45.931 45.950 Atnounts falling belw¢¢n one and two years.- Other loans - 1-2 ycars Amounts falling due between two and fivc years.. Other loans - 2-5 years 111,762 Page 24 continued..
Basing5toke Gymn*stic Club Notes to the Financial St&tements- continued for tbe YeAr Ended 31 August 2024 21. LEASING AGREEMENTS Minimum lease payments under nonrycancellable operating leases tall due as follows.. 2024 2023 Within one year Between one and five years 45,456 42,000 42,000 45.456 84.000 22. PROVISIONS FOR LIABILITIES 2024 2023 Provisions 47,500 47,500 23. ACCRUALS AND DEFERRED INCOME 2024 2023 Dcfcrrcd govcrnment grants 64,578 144.790 24. MOVEMENT IN FUNDS Net movement in funds Ai 31.8.24 At 1.9.23 Unrestricted funds General fund Designated nd (279,674) 282,476 123,117) 80,212 {302.791) 362.688 2.802 57,095 59.897 TOTAL FUNDS 2,802 57,095 59,897 Net movement in fids, included in the above are as follows.. Incoming resources Resources expcndcd Movement in funds Unrestricted funds General fund Designat¢d fund 1,319,092 80,212 (1,342,209) {23:1171 80.212 1.399.304 11.342.209) 57.095 TOTAL FUNDS 1.399,304 (1.342,2091 57.095 Page 25 continued..-
B4singstoke Gymnxstic Club Notes to tbe FinAnCi1 Statements- eontinued for tht Year Ended 31 August 2024 24. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds Transfers betwcen nds At 31.8.23 At 1.9.22 UnrestTlCted fllnds Gcncral fund Designated tund 1266,2311 {13.4431 82,806 (279.674) 282.476 199,670 (266,231) 69.363 199,670 2,802 Restricted fund5 Building fund Leasehold fund 23,772 175,898 (?3,7721 1175,898) 199.670 {199.670) TOTAL FUNDS {66.561) 69.363 2.802 Compai'ative net rnovement in fid$, included in thc above are as follows.. Incoming resources Resour¢¢s expended Movement in tunds Unrestricted funds General fund Dcsignatcd fund 1.139,564 82,806 {1.153.007) (13.443) 82,806 1.222.370 {1.153.007) 69,363 TOTAL FUNDS 1 ?2? 370 {1.153.007) 69.363 A current year 12 months and prior year 12 months ¢ombin¢d position is as follows.. Net movctttent in funds Transters between tund5 At 31.8.24 At 1.9.?2 Unre$tT5Cted fund$ General fund Designated fund (266.231) {36,i601 163.018 {302,791) 362,688 199,670 (266.231) 126.458 199,670 59.897 Restricted fund5 Building fund Leasehold hind 23.772 175,898 123.7721 {175.898) 199,670 {199,670) TOTAL FUNDS {66.5611 126.458 i9.897 Page 26 continued...
Ba5ingstDke Gymnastic Club Notes to the Financial Statements- continued for the Year Ended 31 August 2024 24. MOVEMENT IN FUNDS- eontinued A current year 12 months and prior year l? months combined net movement in funds, included in the above are as folloivs.. Incoiniiig resourccs Resources expended Movement in tiinds Unrestricted funds General fiind Designated fund 2,458,656 163,018 {2,495,216) {36,5601 163.018 2.621.674 {2.495.216) 1 ?6,458 TOTAL FUNDS 2.6?1.674 12,495.2161 126.458 25. EMPLOYEE BENEFIT OBLIGATIONS During the period the ¢harilable company paid £13,78? (2023.. £11.3731 into defined contribution schemes. The expense and liability are allocated to unrcstricted funds. There ivas £3,080 outstanding at th¢ period end {2023'. £3.161). 26. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 August 2024. Page 27
Basingstoke Gymnastie Club Detailed Statement of Finncial Activities for the Year Ended 31 August 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Grants 108.212 110.806 Other trding aetivities Sponsorsliips Shop income Cafe income Fundraising events Birthday parties Room and coach hire Other income Holiday Club 2.486 12,457 11,247 67,626 7.194 5,665 911 37,505 11,773 4,191 1,574 49,598 7,140 6,792 186 39,539 145,091 130,793 Investmeot in¢ome Interest receivable - trading 1,312 401 Charitable activities Gymnastic f¢¢s & subscription Gymnastic Competitions 1,130.184 14,505 961,223 19,147 1,144.689 980,370 Tot#1 incoming rtsourees 1,399,304 1,222,370 EXPENDITURE Other trading activities Purchases- shop and cafe Purchases- insurance Bad debts Othcr costs Events cost5 Bank interest 12,426 4.676 761 33,441 1.147 10,201 3,965 14 17.922 401 10,569 62,652 50,504 Cbaritable activities Wages Social sccurity Pensions R¢nt and service charges Insurance Carried forward 814,865 52.146 13,782 57.478 5,633 943.904 669.255 42,474 11.373 40.073 6,171 769.346 This pagc does not form part of th¢ statutory fitiancial statements Page 28
B4singstoke Gymnastic Club Detiiled Statement of Financial Activities for the Year Ended 31 August 2024 2024 2023 Charitable activities Broiight forward Light and heat Travelling Competitions Depreciation ot'tangiblc tixed assets 943,904 60.609 7.242 6.765 114,611 769,346 67.280 8.904 19.306 111.933 1,133,131 976.769 Support COSts Mgnagtmtnt Telcphone Postage and stationery Advertising Sundries Repairs and tnainlenance Hire of equipment Training Bookkeeping & accountancy Computer cxpenses 6,847 5,309 1,887 7,670 29.855 16,849 17,699 5,248 31,302 5.796 5.145 746 4,352 29,004 11,815 13,242 6.840 28,458 122,666 105.398 Finance Bat& chargcs Loss on salc of iangible fixed assets 16,060 12,077 995 16.060 13.072 Govern#Dce costs Auditors, remuneration 7.700 7.264 Total r¢sour¢es expended 1.342,209 1.153.007 Net income 57.095 69.363 This page docs not form part of th¢ statutory flliancial statetncnts Page 29