Registered number.. 03779000
Charity number.. 1080223
Mllton Keynes Gymnastlcs Ltd
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 3110312024
Prepared By:
GPG (MILTON KEYNESI LIMITED
Accountants and Business Advisors
GPGHouse
Milton keynes
Bucks
MK12 5TW

Milton Keynes Gymnastics Ltd
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3110312024
TRUSTEES
Garry Winder
Deborah Winder
Sean Mcdermott
N T Atkinson
M Johnston
M French
Ms J A Doyle
SECRETARY
Garry Winder
REGISTERED OFFICE
35 Orchard Way
Cranfield
Bedford
Bucks
MK43 OHU
COMPANY NUMBER
03779000
CHARITY NUMBER
1080223
ACCOUNTANTS
GPG (MILTON KEYNESI LIMITED
Accountants and Business Advisors
Office
GPGHouse
Milton keynes
Bucks
MK12 5TW
page 1

Milton Keynes Gymnastics Ltd
ACCOUNTS
FOR THE YEAR ENDED 3110312024
CONTENTS
Page
Report of the Trustees
Independent Examinerfs Ststement
Statement of Financial Activities
Balance Sheet
Notes lo the Accounts
9t014
Detailed Statement of Financial Activities
13
page 2

Milton Keynes Gymnastics Ltd
FOR THE YEAR ENDED 3110312024
TRUSTEES. REPORT
The trustees present their report and accounts for the year ended 3110312024
PRINCIPAL ACTIVITIES
The principal activity of the charity in the year under review was In a￿OrdanCe with the Charity Commissions Guidance on
public benefit, the charitable company was esiablished lo provide in the inleresls of S￿la1 welfare. facilities for recreation to
members of the public at large, particularly children, with the object of improving the conditions of lrfe for the persons for whom
the facilities are primarily intended., to provided gymnastic facilities to the Mitton Keynes area and to attend gymnastic meetings
both at home and abroad.
STRUCTURE GOVERNANCE AND MANAGEMENT
The charity is controlled by its governing document. the Memorandum and Artides of Assoaation dated 2710511999, and
constitutes a limited company. limited by guarantee, as defined by the Companies Act 2006.
RESERVES POLICY
The Charity has two Restricted Reserves to deal wth unexpected calls on Charity Reserves. The first reserve is for upkeep irf
the current aging building and to deal with dilapidations when the Charity leaves the current building. The Charity has a full
repairing lease and can be called uwn at any time lo replace very expensive equipment such as heating boilers and plant. The
Current Building Reserve stands at £100,000
The building of the new gymnastic centre continues to be delayed. The Community Trust obtained the land for the new build and
planning permission in December 2021 but there has been no progress since then. Covid and now the Cost of Living Crisis has
put the new build on hold. The Community Foundation have confimied that they are committed to the new build but that other
priorities for them has meant the project has been seriously delayed.
The "New Building" reseNe now stands al £200,000.
ANNUAL TRUSTEE REPORT
This has been a challenging year for the Charity. The main issues have been repla￿ment of Healing and Mr Circulation Plant.
Some £49,000 has been spent on Maintenance this year and further work is required next year of over £60,000. On the Lease
Renewal the Landlords decided lo increase the Rent by 450 %. This increase is staged over the next 3 years and presents a
serious challenge to the Charity. We will have no other option but to impose large increase in fees to deal with this drain on
resources. In addition, large increases in energy costs also presents a challenge. Staff costs ￿)ntinue to rise as a result of high
inflation during the past year.
Despite these pressures the Charity continued to support vulnerable and children spectal needs with sessions that are
subsidised. The Charity also subsidises sch(xils use and Home educators. There is also a system in place lo give reduced fees
to those children from poorer backgrounds. The lots1 invested in support lo less able children was in eX￿s$ of £50,000.
The charity has tried to meet these increasing demands by inixeasing the number and type of dasses and the fees that parents
pay. The Charity remains the biggest provider of gymnastics in the South Region and continues to support excellence. The Elile
gymnastics is heavily subsidised by the Charity. The Charity has produced a worfd champion and numerous Intemational, British,
Regional and County Champions in Tumbling. Men's Artistic, and Woman's Artistic. Investmenl in excellence and the assistance
provided to those who would otherwise be unable tr) afford the subscriptions has added to challenging financial background. The
Management Team have carried out restructuring of classes and sought lo increase the numbers being coached lo increase the
income from Subscriptions. The Charity faces some tough times over the next few years and because the building has almost
reached Capacity the $￿pe for ftjrther groth is limited. It is probable thal the support for poorer children and special needs etc
will need lo be cut back, and large rises in fees will have to be passed on to parents to meet the increasing expenditure.
page 3

Milton Keynes Gymnastics Ltd
FOR THE YEAR ENDED 3110312024
TRUSTEES. REPORT
The Charity would once again like lo thank all the Trustees who give of their time freely lo make the Charity a success and in
particular the Management team and all the coaches. withoul whom the children would not benefit from the sport.
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was appmved by the Board of Trustees on 1110912024
G A Winder
Trustee
page 4

Milton Keynes Gymnastics Ltd
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31 March 2024
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF MILTON KEYNES GYMNASTICS LTD
I report on the accounts of the company for the year ended 3110312024 .
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
As the charity's tnjstees of the Company land also its directors for the purposes of company lawl you are resFX)nsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l.
Having satisfied myself that the ac¢ounts of the Company are not required to be audited under Part 16 of the 2006 Act and are
eligible for independent examination, J report in respect of my examination of your charity's accounts as carried out under
Section 145 of the Charities Act 2011 {'the 2011 AcV}. In carrying out my examination I h8ve followed the Directions given by the
Charity Commission under secb.on 145151 Ibl of the 201 1 ACL
BASIS OF INDEPENDENT EXAMINERS STATEMENT
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination
includes a review of Ihe accounting records kept by Ihe charity and a wmparison of the accounls presented with those records.
11 also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as
trustees concerning any such matters. The pr(Kedures undertaken do not provide all the e￿den￿ that would be required in an
audit, and consequenuy no opinion is given as to whether the accounts present a "true and fair vievf and the report is limited lo
those matters sel out in the statement below.
INDEPENDENT EXAMINERS STATEMENT
In connection with my examination, no matter has come to my attention:
1. accounting records were not kept in respect of the Company as required by Se¢Don 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 Sialement of Recommended
Practice for accounting and reporting by charities (applicable to charTLies preparing their ac(x)unts in accordance with the
Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 10211-
I have no concems and have come across no other matters in conneckn.on with the examination to which attention should be
drawn in this ￿port in order to enable 8 proper understanding of the accounts to be reached.
GPG MK LTD
Date..
page 5

Milton Keynes Gymnastics Ltd
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31 March 2024
UNIT 8 WALKER AVENUE
GPG (MILTON KEYNESI LIMITED
Accounlanls and Business Advisors
Office
GPGHouse
Milton keynes
Bucks
MK12 5TW
page 6

Milton Keynes Gymnastics Ltd
Statement of Flnanclal Actlvltles
for the year ended 3110312024
2024
2023
Unrestric Restrl¢te
ted funds d funds
Total
Total
Income
Income from generated funds
Income from charitsble activities
Total Income and endowments
811,000
811.000
811,000 733,093
811,000 733,093
Expenses
Costs of generating funds
Expenditure on Raised funds
Expenditure on Charitable activities
Total Expenses
Net gains on investments
Net Income
73,086
726,448
799.534
73,086
55,229
726,448 669,897
799,534 725,126
11.466
11.466
7.967
Gainsl{lossesl on revaluation of fixed assests
Net movement in funds:
Net income for the year
Total funds brought forward
Ngt funds ￿rrIed fr>rward
11,466
532,626
544,092
11.466
7,967
532,626 524,659
544,092 532,626
This statement of financial activities includes all gains and losses reix)gnised in the year. All income and expenditure
derive from continuing activities
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Milton Keynes Gymnastics Ltd
BALANCE SHEET AT 3110312024
2024
2023
Notes
FIXED ASSETS
Tangible assets
CURRENT ASSETS
74,120
82.477
Stock
7,996
16,221
439,287
463,504
13,355
Debtors lamounls falling due within one year)
Cash at bank and in hand
5,784
469.566
475,350
5,378
CREDITORS: Amounts falllng due wlthln one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
469,972
544,092
450,149
532,626
CAPITAL AND RESERVES
Unrestricted funds
General fund
544,092
544,092
532,626
532,626
For the year ending 3110312024 the company was entitied to exemption under section 477 of the Companies Act 2006 relats'ng
to small companies.
The members have not required the company to obtain an audTt in aC(X)rdan￿ wtih section 476 of the Companies Act 2006.
The directors ackno4￿edge their responsibilities for complying with the requirements of the Act with respect lo accounting
records and the preparation of accounts.
These accounts have been prepared in accordan￿ with the provisions applicable to companies subject to the small companies
regime.
Approved by the board of trustees on 1110912024 and slgned on thelr
behalf by
Garry Winder
Trustee
page 8

Milton Keynes Gymnastics Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 3110312024
1. ACCOUNTING POLICIES
la. Basis Of Accounting
The accounts have been prepared under the hislorical cost ￿nventIOn.
The accounts have been prepared in accordance with FRS102 - The Finan￿al Reporting Standard applicable in the UK and
Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting
and Reporting by Charities.
1b. Incoming Resources
All incoming resources are induded on the Statement of Financial Activities when the charity is legally entitled lo the income and
the amount can be quantified with reasonable accuracy.
1c. Resources Expended
Expenditure is accounted for on an accruals basis and has been dasstfied under headings that aggregate all cost related to the
category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis
consistent with the use of resources.
1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
le. Fund Accountlng
Unrestricted funds can be used in accordance with the charitsble objectives at the discrebon of the trustees.
Reslricled funds can only be used for particular restricted purposes within the objects of the charity- Restrictions arise when
specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are funds set aside by the trustees out of unrestricted general fvnds for the specific fvture purposes or
projects.
1f. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
reducing balan￿ 250/0
reducing balan￿ 15Yo
reducing balan￿ 250
Plant and Machinery
Fixtures and Fittings
Equipment
page 9

Milton Keynes Gymnastics Ltd
19. Stocks
Stocks are slated al the lower of cost and estimated selling price less costs lo wmplele and sell (net realisable value). Costs,
which comprise direct production costs. are based on the method mosl appropriate to the type of inventory class, bul usually on
a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Nel realisable value is based on the estimated
selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related
revenue is recognised. The amount of any write4own of stocks lo net realisable value and all losses of stocks are recognised as
an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write4own of stocks is
recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1h. Pension Costs
The company operates a defined contribution pension ￿heMe. The pension charge represents the amounts payable by the
company lo the fvnd in respect of the year.
1 i. Turnover
Turnover represents the invol￿d value of gotmls and services supplied by the company, net of value added tax and trade
discount5.
2. EMPLOYEES
2024
2023
Average number of employees
13
13
3. PENSION CONTRIBUTIONS
2024
2023
Pension contributions
15,837
15,837
6,797
6,797
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Milton Keynes Gymnastics Ltd
4. TANGIBLE FIXED ASSETS
Planl and Flxtures
Machinery and
Fittings
Equipment
Total
Cost
AI 0110412023
76.181
11.905
88,086
4,500
416
1,796
60
82,477
12,381
94,858
Addttions
AI 3110312024
4,916
1,856
Dgprgciation
For the year
AI 3110312024
Net Book Amounts
AI 3110312024
19.045
19.045
553
1,140
1,140
20,738
20,738
553
69,041
76.181
4,363
4,500
716
74,120
82,477
AI 3110312023
1,796
5. STOCK
2024
2023
Stock eomprises..
Stock
7,996
7,996
6. DEBTORS
2024
2023
Amounts falling due within one year.
Trade debtors
5,784
5,784
16,221
16,221
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
5,378
5.378
13,355
13,355
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Milton Keynes Gymnastics Ltd
8. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gNes a guarantee to contribute a sum
not exceeding £, lo the company should it be wound up. Al 3110312024 there were members.
9. UNRESTRICTED FUNDS
Brought Incomlng OutgolngTransfers Carrled
foThvard resource resource
forward
General fund
532,626 811.000 1799,534)
532,626 811,000 1799,534)
544,092
544,092
10. RESTRICTED FUNDS
Brought Incoming OutgoingTransfers Carried
forwaid resource resource
forward
OLD BUILDING AND DELAPIDATIONS FUND
£100,000
NEW BUILDING FUND
£200,000
page 12

Milton Keynes Gymnastics Ltd
In¢omlng Resources
for the year ended 3110312024
2024
2023
Incoming resources
Incoming resources from generated funds
811,000
811,000
733,093
733,093
page 13

Milton Keynes Gymnastics Ltd
Expenses
for the year ended 3110312024
2024
2023
Expenses
Costs of generating funds
Costs Of Generating Voluntary Income
Purchases
Subcontrartors
Purchases
27,575
9,953
35,558
73,086
35.996
19,233
55,229
73,086
55,229
Charitable Activities
Resources Expended Charitable Activities 11
Heal and light leleclricityl
Rent
4,710
72,080
47.482
23,673
49,024
445,211
15,837
13,658
6,346
1,305
4,678
5,487
1,747
9,146
187
3,069
13.736
82,873
30,819
20,240
34,324
404.588
6,797
12,297
5,982
6,481
7,203
11,833
2,362
5,605
1,103
2,871
20
Cleaning
Repairs and renewals
General wages
Pension contributions
Training
Computer costs
Accountancy fees
Professional fees
Insurance
Stationery & office supplies
Telephone
Subscriptions
Bank charges
Bank interest
Sundry expenses
Depreciation of plant and machinery
Depreciation of fixtures and fittings
Depreciation of equipment
2,070
19,045
553
2,472
1,140
726,448
18,291
669,897
799,534
725,126
P8ge 14