REGISTERÉD COMPANY NUMBER: 03348600 (England and Wales)
REGISTERED CHARITY NUMBER: 1067061
SWINDON SCHOOL OF GYMNASTICS
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30TH DECEMBER 2023

SWZNDON SCHOOL OF GYmN￿ICS
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH DECEMBER 2023
Pag•
Report of the Trustees
Independent Examiner's Repgrt
Statement of Flnanclal Activities
Statement of Financial Po$ltlon
Notes to the Fln?ncial Statements
7 to 12
Detailed Statement of Financial Activitie$
13 to 14

s￿NDoN SCHOOL OF GYMNASTICS
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30TH DECEMBER 2023
The trustees who are a150 d1￿ctOrS of the charlty for the purposes of the Companles Act 2006, present
thelr report with the financial statements of the charity for the year ended 30th December 2023. The
trustees have adopted the provislons of Accounting and Reportlng by Charities: statement of
Recommended Prattl￿ )ppllcable to charitles preparin9 thelr account5 in accordance wlth the Financlal
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effectlve l January 2019).
OBJECTIVES AND ACTIVITIES
Objectlves and aim5
In planning our aCt￿vitIeS for the year, we kept In mlnd the Charity Commisslon's guidance on public
beneflt. The principle activity of the company is the advan￿ment of the mental and phy51cal
development of young per5tsns through the sport of gymnastics In all its forms recognlsed by the 8ritish
Amateur Gymnastlcs Association.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
It was very pleasing to see the increase In income fIgU￿S durfng 2023 which wès due to the hard work of
Helen, Wendy, Lauren, Kir5ty and all the wonderful volunteer coaches who gave up so much of thelr time
to support our club.
The financial position of the company stabilized and improved partly due to the increase in fees In
September 2022 but malnly due to the increased membership, Improvement in dass levels, Increased
gymnastic hours and the increase In pre-school and Home Ed sessions.
As predlcted the utility bllls InC￿aSed significantly as did telephone costs. These costs would have been
much hlgher If the two trustees had not spent many, many hour5 during 2023 negotiatlng contracts and
sortlng out problems, particularly with BT, British Gas & Electricity. We must be mindful of all these extra
costs when we budget for fees etc next year.
The trustees also had to sort out the unexpected Closu￿ of our bank account (along with many other
charities) by Barclays In November, whlch eventually resulted in us moving flnances to Metro Bank.
Our glrls section continues t¢ do well In levels, grades and S.W. competib'ons throughout the year. All the
general gymnasts We￿ well catered for and achieved new skills and competed in thelr ￿latIve
competstlon levels, wlnnin9 many medals.
With the loss of our boys head coach, we employed a self employed high level boys coach on
temporary basis to asslst with the squad boys. All the boy5 were re-grouped and have made good
progress during 2023 and we hope to appolnt a new boys head coach early In 2024.
Our grateful thanks go to all our empltsyees and volunteer boys and glrfs coaches as without thelr hard
work and help, the club could not contlnue to thrfve.
Fundraislng actlvltlts
Thanks to everyone connected with the club, we all worked very hard and were able to achleve our goal
of a new sprung floor in 2023 for a cost of £25,000. Our thank5 go to everyone who contrlbuted in any
way to thls rnagniflcent achievement. We have a new fundraislng team for 2024 and look forward to thelr
hard work and success.
FINANCIAL REVIEW
Prlncipal funding sources
The charitles maln source of ftjnds is from fee5 for gymnastlc5 classes for chlldren and adults whlch th15
year totalled £198,191 {2022.. £166,632). The charÉty also recharges the Brlt4sh Gymnastics insurance
for Its members thus to cover the costs.
Page I

SWINDON SCHOOL OF GYMNASTICS
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30TH DECEMBER 2023
FINANCXAL REVIEW
Flnanclal results and regtr4e5 policy
The results for the year are set Out In the Statement of Finandal Activities on pa9e 5.
At the end of the year the charlty has reserves of £122,361 {2022'. £101,988) of whlch E33.611 (2022..
£11,623) relates to stocks and assets. All funds are unrestrScted funds.
The trustees have examined the charitie5 requlrements for reserves in the light of main risks to the
charlty. The trustees belleve that they should hold sl¥ months of expenditure in reserve as such will be
resettlng their reserves pollcy Iprevlously £50,000) during 2024 to take account of the most up to date
runnlng costs of the Charlty.
Funds not committed are invested in interest bearing deposit accounts.
FUTURE PLANS
With rising costs, it may be inevitable that we have lo have a small rSse In fees next year.
We wlll contlnue to enhance our coaches qualiflcatlons and appolnt a pald boys head coach as soon as
possible.
We look ft)rward to a new admln. system belng installed hopefvlly in the next few rnonth5.
Further, we do recognise that the tlme will ctsme when we outgrow our present buildln9 and taklng into
consideration our maintenance costs, especially for the roof, it may be prudent to conslder looking for
new premises in the future a5 and when our finances permit.
STRUCTURE, GOVERPIANCE AND MANAGEMENT
Governlng document
Swindon School of Gymnastlcs 15 a charitable company Ilmlted by guarantee, governed by Its
Memorandum and Articles of Assoclatlon, and registered with the Charity Commission
(Charity
Registratlon Number 1067061).
Recruitment and appointment ol new trustees
The trustees may appoint a person who is wllling to act to be a trustee of the charty. A trustee
appointed durSng the year shall hold offlce only until the next annual general meeting of the charity and
Shall be eligible for election al that rneeting.
Towards the end of the year, the charity appointed three new trustees whlch we belleve to be a great
addition to the charity's board and combats the charity's continued need to conslder suc￿sSIon planning.
Rlsk management
The trustees have a risk fnanagement strate9y which comprises..
An annual review of the risks the charity may faee;
The establishment of systems and procedures to mltigate those rlsks Identified in the assessment,. and
The Implementation of Pro￿dureS designed to mlnlmlse any potentSal Impact on the charSty should
those rTsks materialise.
REFERENCE AND ADMINISTRATIVE DETAXLS
Registered Company number
03348600 (England and Wales}
Reglstered Charlty numbér
1067061
Reglstered offlce
Unit 4 Isis Tradlng Estate
SWINDON
wiit5hire
SNI 2PG
Page 2

SWINDON SCHOOL OF GYMNASTICS
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30Th DECEMBER 2023
Trustee5
Mr A J Davies
Mrs W M Payne
Mr J S Walker Trustee (appointed 1. 12.23}
Ms P T Kujeke Trustee {appointed 1.12. 231
Mr E T Ridgway Trustee lappolnted 1.12.231
Company Secretary
Mr5 W M Payne
Independent Examiner
Morrfs Owen
Chartered Accountants
43-45 Devlzes Road
SWINDON
Wlltshl
SNI 4BG
Approved by order of the board of twstees on 25th September 2024 and slgned on its behalf by..
Mr A J Davies . Trustee
Page 3

INDEPENDENT exAMINER'S REPORT TO THE TRUSTEES OF
SWINDON SCHOOL OF GYMNASTICS
Independent examlnèr's report to the trustees of Swindon School of Gymnastlcs ('the
Company,)
I report to the charity trustees on my examination of the accounts of the Company for the year ended
30th December 2023.
Responsibilities and basis of report
As the charity'5 trustee5 of the Company (and also its directors ft>r the purposes of company law) you are
responslble for the preparation of the accounts In accordance with the requirements of the Cornpanies
Act 2006 {'the 2006 Act'l.
Having satisfied myself that the account5 of the Company a￿ not ￿quIred to be audlted under Part 16 of
the 2006 Act and are eligible for independent examination, I report in respect of fny exarnination of your
charity's accounts as carrSed out under Sectlon 145 of the Charities Act 2011 1.the 2011 Act'l. In carrying
out my examlnatlon I have followed the Dlrectlons glven by the Charity Commission under Section
145(51 {b) of the 2011 Act.
IndepeTrdent ex•mSnÈr's statement
I have completed my exarnination. I confirm that no matter5 have come to my attentlon In connectlon
with the examinatlon glvlng me cause to belleve..
ccountlng records We￿ not kept In respect of the Company as required by Section 386 of the
2006 Art- or
the accounts do not accord wlth thts5e record5- or
the accounts do not comply with the accountSng requlrements of Sectlon 396 of the 2006 Act other
than any requlrement that the accounts give a true and falr vlew which Is not a matter considered
as part of an independent examination; or
the accounts have not been prepared in accordance wlth the methods and prlnciples of the
statement of Recommended Practlce for accounting and reporting by charities (applicable
charlties p￿parIng their accounts in accordance with the Flnancial Reportlng Standard applicable
In the UK and Republic of Ireland IFR5 10211.
I have no concerns and have come across no other matter5 In connectlon wlth the examlnatlon to which
attention should be drawn In this report in order to enable a proper under5tsnding of the accounts to be
ached.
nna Wheeler ACA CTA
Morris Owen
Chartered Accountants
43-45 Devizes Road
SWINDON
Wlltshire
SNI 4BG
Date..
..2.h..J.ykkn 20L¥..
Page 4

SWINDON SCHOOL OF GYMNASTICS
STATEMENT OF FINANCIAL ACTIVXTXES
FOR THE YEAR ENDED 30TH DECEMBER 2023
2023
Unrestricted
fund
2022
Total
ftinds
Notes
INCOME AND ENDOWMENTS FROM
Donatlon5 and legacies
202,829
177,323
other trading activities
Investment Income
41,083
427
47,348
165
Totsl
244,339
224,836
EXPENDITURE ON
RalsSng fijnds
53,540
47,705
Chjritable ?rtivities
Charitable actlvibes
152,284
143,692
other
18,141
17,357
Total
223,966
208,754
NET INCOME
20,373
16,082
RECONCIUATION OF FUNDS
Total funds brought forward
101,988
85,906
TOTAL FUNDS CARRIED FORWARD
122,361
101,988
The notes form part of these financial statements
Page 5

SWXNDON SCHOOL OF GYMNASTICS
STATEMENT OF FINANCIAL POSITION
30TH DECEMBER 2023
2023
Unrestricted
fund
2022
Total
funds
Notes
FIXED ASSETS
TangSble assets
li
29,625
7,463
CURRENT ASSETS
Stocks
Debtors
Cash at bank
12
13
3,986
35,824
65,268
4,160
33,258
68,774
105,078
106, 192
CREDITORS
Amounts falling due wlthin one year
14
(12,342)
111,6671
NET CURRENT ASSETS
92,736
94,525
TOTAL ASSETS LESS CURRENT
LIABILrrIES
122,361
101,988
NET ASSETS
122,361
101,988
FUNDS
Unrestrlcted funds
15
122,361
101,988
TOTAL FUNDS
122,361
101,988
The charitable company Is entitled to exemptlon from audlt under Section 477 of the Companie5 Act
2006 for the year ended 30th December 2023.
The rnembers have not reqLJired the company to obtain an audlt of Its finandal statements for the year
ended 30th December 2023 in accordance with Section 476 of the Companles Act 2006.
The twstees acknowledge their responsibllitles for
(a)
ensurlng that the charltable company keeps accountlng records that comply wlth Sectlons 386 and
387 of the Companies Aet 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the
charitable company as at the end of each financial year and of it5 surplus or deflclt for each
financial year in accordance with the requirements of Sectlons 394 and 395 and which othenvlse
comply with the requirements of the Companie5 Art 2006 relatlng to finandal statements, so far
as applicable to the charltsble company.
(b)
These flnancial 5t#tements have been prepared in accorijance wlth the provlslons appllcable to charitsble
companies subject to the small companies regime.
The ftnanclal statements were approved by rhe Board of Trustees and outhorised for issue on
25th September 2024 and were signed on Its behalf by..
Mr A J Davies - Trustee
The notes fomi part of these financial st8tement5
Page 6

SWINDON SCHOOL OF GYMNASTICS
NOTES TO THE FINANCIAL STATEME14TS
FOR THE YEAR ENDED 30TH DECEMBER 2023
CHARITY INFORMATION
The charity Is a company limited by guarantee and incorporated In England and Wales, and a
registered charity wilh the Charity Commi551on in England and Wales.
The regISte￿d office address is Unit 4, 15is Trading Estate, Swlndon, SNI 2PG.
These flnancial statements are presented in Britlsh Pounds IGBPI, whlch Is the company's
functional and presentational currency.
ACCOUNTING POLXCIES
Basls of preparing the financlal statements
The financial statements of the charitable company, which Is a publlc benefit entlty under FRS LO2,
have been prepared In accordance with the Charities SORP (FR5 1021 'Accountlng and Reportlng
by Charities.. Statement of Recommended Practice applicable to charitle5 preparlng thelr accounts
In accordance with the Flnancial Reportlng Standard applicable In the UK and Republic of Ireland
IFRS 1021 leffectlve l January 20191., Financial Reportlng Standard 102 'The Flnanclal Reportln9
standard appllcable In the UK and Republic of Ireland. and the Companles Act 2006. The flnanclal
Statements have been prepared under the historlcal cost convention.
Income
All incoming resource5 are included in the statement of finanelal actlvltles when the Charlty Is
entitled to the income and the arnount can be quantllied wSth reasonable accuracy. The following
specific policies are applied to particular categories income..
Fee income 15 Included In ftjll In the statement of Flnancial Attlvitle5 when ￿￿1vable.
Donated servlces and fa¢illtles are Included at the value to the Charity where thls can be
quantlned. The value of 5ervice5 provided by volunteers has not been included In these accounts.
Inve5trnent Income Is included when recelvable.
Incomlng resources for generatlng funds are accounted for when earned.
Expendlture
Llabilities are recognised a5 expenditu￿ as soon as there is a legal or constructlve oblSgation
committing the charity to that expendlture, It Is probable that a transfer of economic benefits will
be required in sertlefnent and the amount of the obligation can be measured reliably. Expenditure
Is accounted for on an accruals basls and has been cla5slfied under headlngs that aggregate all
cost ￿lated to the category, Where costs cannot be dlrectly attributed to pèrticular headings they
have been èllocated to actlvltles on a basls consistent with the use of resources.
Tanglble fixed assets
Depreclatlon is provided at the followlng annual rates In order to write off each asset over Its
e5tlmated useful life,
Fixtu￿$ and fittlngs
200/0 on cost and IO% on cost
stocks
Stocks are valued at the lower of c05t and net reallsable value, after maklng due allowance for
obsolete and slow movlng items.
Tpxatlon
The charlty Is exempt from corporation tax on its charitable actlvitie5.
Fund accountlng
Unrestricted funds can be used in accordan￿ wlth the charltable objectives at the dlscretion of the
trustees.
Page 7
contlnued...

SWINDON SCHOOL OF GYMNASTICS
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 30TH DECEMBER 2023
ACCOUNTING POUCIES - contlnued
Ftsnd acCOun￿ng
Restricted funds can only be used for particular ￿$trIcted purposes wlthin the objects of the
charity. Restrfctions arfse when specified by the donor or whèn funds are raised for particular
restrlcted purposes.
Further explanation of the nature and purpose of each fund is Included In the notes to the financlal
staternents.
Penglon costs and other post-retirement beneflts
The charitable company operates a defined contrlbution pension scheme. Contrlbution5 payable to
the charltable company's pension scheme are charged to the Statement of Financlal Artivities In
the period to which they relate.
DONATIONS AND LEGACIES
2023
2022
Fee5
Donation5
Gift aid
198,190
1.096
3.543
166,633
7,211
3,479
202,829
177,323
OTHER TRADING ACTZVITIES
2023
2022
Fundralslng events
B G Insurance
Sale of clothlng
Summer camp
Sundry Income
Competstion entrles
18,444
8,585
4,324
2,570
3,350
3,810
21,922
10,829
4,355
4,337
1,559
4,346
41,083
47,348
INVESTMENT INCOME
2023
2022
Bank interest ￿CeIved
427
165
NET INCOMEI(EXPENDITURE)
Net IncoMel(expendltu￿l Is stated after chargin911credltingl:
2023
2022
Depreciatlon - owned assets
{Deficitllsurplus on disposal of flxed a55et5
3,571
40
5,416
1747)
Page 8
contonued...

SWINDON SCHOOL OF GYMNASTICS
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 30TH DECEMBER 2023
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 30th December 2023
nor for the year ended 30th December 2022.
Trustees, expenses
During the year, both trustees were relmbursed a total of £7,118 12022.. £5,702) for chadty
expenses paid privately. These expenses relate to travel, purchase of rrTrinor equipment,
stationery, telephone, British Gymnastlc5 mernberships and surnmer camp expense5.
STAFF COSTS
2023
2022
Wages anEJ Salaries
69,363
62,600
69,363
62,600
The average monthly number of employees during the year was as follow5..
2023
2022
Staff
No employee5 received emoluments in excess of £60,000.
INDEPENDENT EXAMINER FEES
2023
2022
Statutory accounts productlon & external scnjtlny
3,648
3,594
3,648
3,594
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTtvrriEs
Unrestricted
fund
INCOME AND ENDOWMENTS FROM
Donations and le9acies
177,323
Other tradlng activltles
Investrnent income
47,348
165
Total
224,836
EXPEND￿uRE ON
Raising funds
47,705
CharltablÈ actlvltie
Charltable actlvltles
143,692
Other
17,357
Total
208,754
NET INCOME
16,082
Page 9
continued...

SWIf4DON SCHOOL OF GYMNASTICS
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 30TH DECEMBER 2023
io.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - contlnued
Un￿strIrted
fund
RECONCILXATXON OF FUNDS
Total fiJnd5 brought forward
65,906
TOTAL FUNDS CARRIED FORWARD
101,988
11. TANGIBLE FIXED AsseTS
Fixture5
and
flttlngs
Computer
equlpment
Totals
COST
At 31st December 2022
Addltions
Disptssals
245,154
25,664
(690)
245,154
25,773
{690)
109
At 30th December 2023
270,128
109
270,237
DEPRECIATION
At 31st December 2022
Charge for year
Ellminated on disposal
237,691
3,559
(650)
237,691
3,571
(650)
12
At 30th December 2023
240,600
12
240,612
NET BOOK VALUE
At 30th December 2023
29,528
97
29,625
At 30th December 2022
7,463
7,463
12. STOCKS
2023
2022
stocks
3,986
4, 160
13.
DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2023
2022
Trade debtors
Prepayments and accnjed income
3,543
32,281
3,479
29,779
35,824
33,258
Page 10
continued.,.

SWXNDON SCHOOL OF GYMNASTXCS
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 30TH DECEMBER 2023
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Other credltors
Accruals and deferred Income
1,568
10,774
3,055
8,612
12,342
11,667
15.
MOVEMENT IN FUP4DS
Net
movement
in funds
At
31.12.22
At
30. 12.23
Unrestrictèd fuThd5
General fund
101,988
20,373
122,361
TOTAL FUNDS
101,988
20,373
122,361
Net movement In fvnds, Included In the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
244,339
(223,966)
20,373
TOTAL FUNDS
244,339
(223,966)
20,373
Comparatives for rnovement in tunds
Net
movement
In funds
At
31.12.21
At
30. 12.22
Unrestrlrted fvnds
General fund
85,906
16,082
101,988
TOTAL FUNDS
85,906
16,082
101,988
Comparative net movement In funds, included in the above are as follows:
Incorning
resources
Resource5
expended
Movement
In funds
Unrestricted funds
General fund
224,836
(208,754)
16,082
TOTAL FUNDS
224,836
(208,7541
16,082
Page 11
contlnued...

SWINLM)N SCHOOL OF GYMNASTICS
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 30TH DECEMBER 2023
Is.
MOVEMENT IN FUNDS- contlnued
A current year 12 months and prlor year 12 months comblned posltion Is as follows..
Net
movement
in fund5
At
31.12.21
At
30.12.23
Unrestrlcted fund$
General fvnd
85,906
36,455
122,361
TOTAL FUNDS
85,9D6
36,455
122,361
A current year 12 months and prfor year 12 months comblned net movement in funds, included In
the above are as follows:
Incoming
resource5
Resources
expended
Movement
In fun(Js
Unrestrlrted funds
General fund
469, 175
(432,7201
36,455
TOTAL FUNDS
469,175
{432,720)
36,455
16.
RELATED PARTY DISCLOSURES
There were no ￿lated party transactions for the year ended 31 December 2023.
Page 12

SWXNDON SCHOOL OF GYMNASTICS
DeTAXLED STATEMENT OF FINANCIAL ACTtVIYlES
FOR THE YEAR ENDED 30TH DECEMBER 2023
2023
2022
ZNCOME AND ENDOWMENTS
Donations and legacles
Fees
Donatlons
Gift ald
198,190
1,096
3,543
166,633
7,211
3,479
202,829
177,323
Other trading actlvitles
Fundralsing events
B G Insurance
Sale of clothlng
Summer camp
Sundry income
Competition entrle5
18,444
8,585
4,324
2,570
3,350
3,810
21,922
10,829
4,355
4,337
1,559
4,346
41,083
47,348
Investment Income
Bank interest received
427
165
Total incoming resources
244,339
224,836
EXPENDITURE
Other trading •rtlvlties
Openlng stock
Clothing expendlture
Coachlng and ballet
C105ing stock
4,160
2,145
51,221
(3,986)
5,997
625
45,243
(4,160)
53,540
47,7Q5
Charitable activities
BAGA membership
Competitions and events
Summer camp expenses
Equlpment
14,826
4,652
2,150
733
15,079
8,748
2,836
368
22,361
27,051
Other
Wages
18,142
17,357
Support costs
Management
Insurance
Cleaning
Independent examlnatSon fees
Honorarlurn payments
staff training
Carried forward
3,423
5,420
3,648
2,000
5,802
20,293
3,324
3,019
3,594
2,000
3,646
15,583
Thi5 page does not form part of the statutory finanaal statemènts
Page 13

SWXNDON SCHOOL OF GYMNASTXCS
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30TH DECEMBER 2013
2023
2022
M•n4gement
Brought forward
Subscriptions
Repairs and ￿newa15
Computer costs
20,293
308
2,961
133
15,583
133
3,150
274
23,695
19,140
FSnanc¢
Rent, rates and water
Li9ht and heat
Travel and subslstence
Telephone
5undrles
Bank charges
Stripe and other fee5
Depreclatlon of tangible fixed assets
Loss on sale of tangible flxed assets
77,799
14,726
2,061
2,514
4,252
416
1,143
3,571
40
76,669
7,935
3,373
1,303
1,553
I,iio
5,416
17471
106,522
96,612
Governance costs
Accountancy and legal fees
(294)
889
Total resources expended
223,966
208,754
Net Income
20,373
16,082
Thls page doe5 not forrn part of the statutory financlal statements
Page 14