~~eae~~ b Hl Dover Gymnastics Club - 2 Poulton Close Dover CT170HL Phone: 01304 226 088 Email: admin@dovergymclub.com Website: www.dovergymclub.com ## **Dover Gymnastics Club Report of the trustees for the year ending 31 March 2024** ## **Charity Number 1098350** The trustees are pleased to present their annual directors’ report together with the consolidated financial statements of the charity for the year ending 31 March 2024 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes. The Charity trustees are responsible for the preparation of the accounts. The charity trustees consider that an audit is not required for this year under section 144 of the charity act 2011 and that an independent examiner is needed. The Charity (Dover Gymnastics Club) has over the last years 2023-2024 managed to survive the various challenges we faced as an organisation. This year we have a dedicated staff member responsible for fund raising activities. This has helped the organisation raised substantial funds to help pay for a new floor and new bars. We have also rearranged the apparatus to make most of the space and ensure that the gymnasts can train safely with the adequate hygienic measures in place. We have also put in place measures to increase the membership and attract different segment of the population to use our facilities and engage in sporting activities. We have managed to reduce significantly our deficit to a mere £ 2772. We are glad to report that the club is healthy and has received a large support from parents and members through their donations during the financial year. The Charity Trustees would like to thank all Parents and volunteers who have participated in making our Club what it is. We also would like to thank all our staff for the professionalism, dedication, and commitment to the cub, they have demonstrated over the years to make it so successful. Chairman of the Board Rachid Bellili 28/10/20224 QEPORT OFDOVER TT aeswy Wim trustSPORTS DK EN Ta Registration number: 04520819 Dover Gymnastics Club Limited {A company limiied by guaran￿) Annual Report and Unaudiied Financial SthtemenL% for the Year Ended 27 March 2024 Cannon and Company Accountsnts Limiled Chartered Certified Unit IA Park Fam) Industrial Estste Folkestone Kent CT19 SEY Dover Gymnasties Club Limited Contents Company Inforn￿l10n Direcrors, Report Accounlanls, Report Profit and Loss Account Staiemeni of Comprehensive Income Balance Sheet Staiemeni of Changes in Equity Noies io the Unoudiied Finan¢ial Sthtements to12 Detailed Profil ond Los5 A¢¢ounE 13 10 14 Dover Gymna$tiu Club Limited Company IDforniatioD Directors Mr SP Jeffrey Ms L Coleman Ms L Burre Mr R Bellili Regi5ter¢d offife No.2 Poulion Close Dover Kent CT170HL Cannon and Company Accountants Limiied Chartered Certified Unli IA Park Farni Indusirial Esth Folkesion¢ Kent CT195EY Page I Dover Gymnastics Club Limited Directors. Report for tbe Year Ended 27 March 2024 The directors preseni iheir report and the financial 5taiements for the year ertd¢d 27 March 2024. Directors of the compally The director5 who held office during the year were &s follows= Mr SP Jeffrey Ms L Coleman Mr R Bellili Th¢ following diredor was appoinied after the year end.. Ms L Burrett (Appointed 5 May 20?4) Prineipal activity The principal aciiviry of the company is Gymnasiic$ club Small cornp¥Jnies provljion statement This report h&s been prepared in accordance with the special provisions relating to companies subj¢¢i to the small compani¢5 regime within Part l 3 of the Companies Aci 2006. Approved and authorised by the Board on I I Swemb¢r 2024 and signed on its behalf by.. Mr R B¢llil' Director Chydrtered CertRfied Accountants. Report to the Board of Directors on the Preparation of the Unaudited Statutor). Accounts of Dover Gymnasties Club Limited for the Yur Ended 27 March 2024 In order to asSISt you to fulfil your d￿1¢5 under the Companies Aci 2W6. we have prepared for yow approval the accounts of t)ov¢r Gymnastics Club Limiied for the year ended 27 March 2024 set out on page5 4 to 12 from the company's accouniing ￿COrdS and from inforniation and explanations you have given us. As a practising member firm of the Association of Chartered Cenified Accounthnts. we are subjeci ￿ its ethical and oth¢r professional requiremenls which are delailed ai https.'Ilwww.acCaglobal.coTh￿gb1er1'mCmb¢T1sthndard￿rU1CS￿-Stsndard￿ruIeIh￿k.htr￿I . This report is made solely to the Board of Directors of Dover G￿astic5 Club Lirnited, as a body. in a¢¢ordan¢e with the lenns of our ¢ngag¢meni leller. Our work has been undenaken solely io prepare for your approval the accowi15 of t>over G￿li(S Club Limiied and sthie those maneTS thai we have agreed to state to Ihe Board of Direclors of Dover Gymnaslics Club Lirnit￿. as a body. in this report in accordance with the requirernen15 of ihe Ass(Kialion of Chanered Certified Accountanis dethiled http.'Ilwww.¥¢¢4glo￿I.¢o[1dgbl¢w1eChfftl(aI-oQtIVItI￿tcchnIcal-re$0urCe5-5¢arCTr￿?(HJ9l octob¢rlfactshtti-163-audii-exempl-companies.hThl. To the fullesi exieni pennitted by law. we do noi ac¢¢pt or assume responsibility to anyone other than Dover GyMn￿1C$ Club Limited and its Board of Dire¢tors &$ 4 body for our work or for this report. li is your duty to ensure thai tkTrver G)Tnnastics Club Limited has kepi adequate accouniing records and io prepare slatulory accounts thal give a true and fair view of the assets. liabiliiies. financial position and loss of Dover Gymnastics Club Limited. You consider Dover Gymnasiics Club Limited is exempt from the slatulory audit requirement for ihe year. We have not been in$tTU¢ted to Cony out an 4udii or a review of the accounts of Dover GymnastlC5 Club Limited. For this rea50n. we have nol verified ihe accuracy or compldeness of ihe accounting records or inforniai and explanations yTrJ have 8iven to us and we do noi. therefore. express any opinion on the staiu(ory' ccouni Cannon nd Company Accountsnts Limiied Chartere Certified Unit l A Park Fami Industrial Estate Folkestone Kenl CT19 SEY I I Sewember 2024 Page 3 Dover Gymnastics Club Linjiied Notes to the Unaudited Financial Ststements for the Year Ended 27 March 2024 2024 2023 5.382 2.167 Depreciation expense Page 10 Dover GymD4stics Club Limited Notes to the UDaudited Financial Statements for Ihe Year Ended 27 March 2024 5 Tangible wssets Furniture. riitings and equipment Tolal C￿( or vsluatlo At ?8 March ?023 Addilions 42.132 42.132 18.246 Ai 27 March 2024 60.378 60.378 Depref iation Ai ?8 March 2023 Charge for ihe year 33.471 5.382 33.471 5,382 At ?7 March ?024 38.853 38.853 C*rrying 8rnounl At 27 March 2024 21.5?5 21,525 At 27 March 2023 8.661 8.661 6 tkbion 2024 2023 Current Prepa￿nertts 1.975 1.867 1.975 1.867 7 Credltors Credltors: #mgunlj f4lllng du¢ wlihln y¢•r 2024 2023 Nott Due within one year Loans and borrowin85 Taxation and 50eial security Accruals and deferred income Other creditor5 21.61x1 31.200 1.855 373 1,758 73.828 33.?47 8 imns aDd borrowings Current loans #Thd borrowings Pagell Dover Gymnasties Club Limited Notes to the Unaudited Finan¢i*l Statements for the Year Ended 27 March 2024 l General infonD&tio The company is a company limi*d by guaraniee. irthrpornted in England. and consequently d¢)es not have share capiial. Each of the members is liable io coniribuie an amouni not excttding £Nil towards the assels of the company in the eveni of liquid￿lOn. The address of its registered otTice is.. No.2 Poulion Close Dover Kent CT170HL These financial 51atements were auflM)rised f(Y issue by the Board on I I September 2024. 2 A¢¢ounilTrg polkks Summary ofsignilleani *eeountin8 policies *Thd key Ieeountithe diith*ies The principal accouniing policies applied in the preparation of these financial sthtemenis are sei out below. These policie5 have been consi51enily ¥pplied io all the years presenied. unless oiherwise staled. Statement of compliance These financial statements have been prepared in accordance with Financial Reporting Standml 102 S¢¢iion IA smaller enlities - 'The Fin￿tIal Reporting Sthndard applicable in the United Kingdom and Republic of Ireland, and the Companie5 Aci 2006 {&s •ppli¢abl¢ to companies subjed to the Small companie5, regimel. B•sis of prep8rmilon These financial siaiements have been prepared using the hisloTical cos1 convention except that as di5c105ed in the accouniin8 policies certain items are shown at fair value. Going eoneer The finan¢i41 statements have Ixen prepartd on a going concern basis. R¢v¢nu¢ r¢¢oEThiilon Turnover comprises ihe fair value of the con5tderaiion received or receivable for the Sale of goods and provision of services in ihe ordinary course of the company's ¥tiviti¢$. Turnover is Shown nel of sa1¢￿ValUe added tax. returns. rebates and discount& The company recognises revenue when.. The amouni of revenue can be reliably rneasured- it 15 probable that future economic benefits will flow to the eniity: and 5P¢CLfi¢ criteria have been for each of the companys acitviiies. T*nglble Assets Tangible a55¢ts are stated in the balance Sh￿ ￿ COSL less any subsequent accumulaied deprecI￿lOn and subsequenl accumulated impairnieni losses. The cost of tangible wets In¢1￿￿eS diredly attributable incmnenthl costs incurred in their acquisition and insiallaiion. Dover Gynlnastiey Club Linjited Notes to the Unaudited Financial Slatements for tbe Year Ended 27 March 2024 Depreei*tio Depreciaiion is charged so as to WTiie off cost of assets. (Aher than land and properties under construction over their estim￿ed usefibl live& as follows.. Asset clAs5 Plant & Machinery Cash and cash equivsltnts Cash and cash equivalents comprise cash on hand and call dep)sits. and other 5hort-lenn highly liquid invesimenis that are readily conwenible to a known amount of c&sh and ore subject lo an insignificani risk of change in value. Deprecixlion Meth(￿ aThd rate 20% Reducin8 Balance Tr8de debtors Trade debiors are amounts due from custorners for mer¢handise sold or service5 wformed in the ordinary course of business. Trade debtor5 are recogni5￿ initially ai the transaction price. They are subsequently measured At amortised ¢o$t using lh¢ effeclive interest meihod. 1¢s5 provision for impairnieni. A provision for ihe irnpaimlenl of trade debior5 is esiabli5hed when there 15 objeciive evidence thai the company will noi be able io ¢olle¢i all amounts due according io the original terms of the receivables. Trade tredltors Trade creditors are obli8aiions io pay for goods Of services th8t have been acquired in the ordinary course of business from suppliers. Accounts payable are cl&ssifLtd 18 ¢urreni liabilities if ihe cornpany does not have an un¢ondilional right. ai the end of the rewtrrtittg period. lo defer settlemeni of ihe crediior for ai leasi iwelve months afteT the reporting date. If ihere is ￿ unconditional righi io defer selllemeni for ai leasi rwelve months after ihe reporting d41e. they are presenied as non4urren¢ liabililie5. Trade credtlor5 we recogni5ed iniiially ai the tr￿￿lIon price and subsequently measured al amonised cosi using ihe effeclive inieresl method. Borrov*ings Inierest.bearin8 borrowiftgs are iniiially recorded ￿ fair value. net of transaction ¢osi$. Int¢re5t-bearin¥ b￿￿Owing5 ¥r¢ subsequently ¢arried at amortt5ed Cosl. with the difference between ihe proceeds, nei of transaction c051s. and the amount due on redemwion being r¢¢ognised ￿ 4 ¢harge lo the profit and 10s5 account over th¢ ￿ri(KI of th¢ r¢l¢vafti tx)rrowing. Interest expense is recognised on the basis of the effedive itiier¢s¢ meth(MJ #nd is included in inlere51 payable and 5Lmilar charges. Borrowing5 are cl¥s$ifi¢d Is ¢urrent liabtlities unles$ the company ha5 an unc{￿dItional right lo defer settlement of the liability for ai least Iwelve month5 after the reporting dale. 3 St*ifnumber* The average number of persons anployed by the wmpany (including directo￿) during the year. wa5 18 (2023 - 18). 4 Loss before tas Arrived at after char8ingl(crediiin8) P8ge 9 Dover GymDaStics Club Limiled Notes lo the Unaudited FiDAncial Statements for the Year Ended 27 March 2024 2024 2023 Depreciation expense 5.382 2,167 Page 10 Dover GymDastics Club Limiled Notes to the Unaudited Fin*nci*l Statements for the Year Ended 27 March 2024 5 T8nglble as5els Furniture, rit¢ings and tqwipment Total Cost or valuatlon Ai 78 March 1023 42.132 18.246 42.132 18.246 Addilion5 At 27 March 20?4 60.378 60.378 Depre¢i#tio At 28 March 2023 Charge for the year 33.471 5.382 33.471 5,382 Ai 27 Mar¢h ?024 38.853 38.853 Carrylts% amount Ai 27 Mar¢h 2024 21.5?3 21,525 At 27 March 2023 8.661 8,661 6 Debtors 2024 2023 Current Prepaymen 1.973 1,867 1.975 1,867 7 Creditors Credltorg: amounts falllng due withln one year 2024 2023 Note Due wlthln one ye*r Loans and bomiwing5 Taxation and social securi Accruals and deferred income O¢her creditors 21.6(Al 31,21)0 1.855 373 1.758 286 ?3.8?8 33.247 8 L￿n9 and borrowiTr¥s Current lo4￿$ and l)orrowiDgs Pagell Dover Gymnastits Club Limited Noles to the Ullaudited Financigl Stjitements for the Year Ended 27 March 2024 2024 2023 Bank IK)rrowings ?1.6(Kl 9 Dividends P4e 12 Dover Gymnastics Club Limited Detailed Profit and Loss Account for the Year Ended 27 March 2024 2024 2023 Turnover lanaly5ed below) 218.440 172.187 Cost of sales (analy5ed below) Gross surplu5 (5.327) 12.385 213.113 169.802 Gross SUTpIu5 IY•) 97.560/r* 98.6 Ivty Administratlve expenses Employment Costs lanalysed below> Eslablishmeni c051s lanalysed below) General administrative expenses {analysed below) Finance charges (analy5ed below) DepTeciaiion ¢ost5 lanalysed below) 1133,271) (45.694) (30.627) {2361 {5.3871 1215,?10) (106.013) 147,270) 123,848) 11741 12.167 (179.472) Operating defi¢il Interesi payable and similar expenses {analysed below) Deficit before tax 12.0971 16751 {9.670) 19091 10.579 This page does not forn) part of the slatul￿Y fmancial ststements. Page 13 Dover Gymlla5ti¢s Club Limited Detailed Profit aDd Loss AccouDt for the Year Ended 27 March 2024 2024 2023 Turnover Rendering of services UK Grdnts and 5ub5idies 212.547 5.893 172.187 ?18.440 172,187 C05t ofsiles Purchases 15.327) (2.385) Employment cost5 Wag¢s and salari¢5 Siaff pensions SiatTiraining & welfare Travellin8 {129.3751 (1.892) {1,5001 15041 {103.113) (1.3831 {610) 1907) 133.271) 1106,013 Est#blishm¢mt eos¢s Rent and raies Light. he￿ and N)wer Insurance Repair5 and renewa15 (15,616} (3.9901 12.6871 23.401 (14.6471 (3.8321 {2,431) {26.3601 47,?70 145.694 GeneT41 *dminis¢r•tlve e%petsMs Telephone and fax Badges & prizes Compuier software and mainienance cost5 Printin& postage and sthtionery Trade 5ub5criwions (1.109) 15.857) 1267) (1.212) (15.507) 1960) (5,4311 1466} 1481 (lo,9￿) F JJ SuThdry expenses Advertising Accountancy fees Legal and professional fees 1628) 14651 (2.355) 1396} 1190) (2,3061 {3,055} Fln*n¢e ¢h*ryes Bank charyes 1236) 1174) Depre¢ialion costs Depreciation of pl￿1 and mathinery (owrted) {5.382 2.167 Interest pay&ble #nd 5imiknr espethses Bank loan inrer¢st pa}'able (6751 a9091 This page does forn] part of the sul￿ory financial statements. Pjge 14 CHARITY COMMISSION I FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examinerfs Report Report to the tru$tee•l mèmbers of Dover Gymnastics Club Ltd On accounts for the year ènded 3110312024 Charity no lif any) 1098350 Set out on pages Pages from 1 to 2 I report to the trustees on my examination of the accounts of the above Charity ('the Trust") for the year ended 3110312024. Rosponsibilltles and bas18 of roport As the charity's trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Tnjst's accounts carned out under section 145 oflhe 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{S1(b) of the Act. Independent I have completed my examination. I confirm that no material matters have examiner's statement come lo my attention in connection with the examination which gives me cause to believe that in. any material respect. the accounting ￿COrdS were not kept in accordance with section 130 of the Charrties A¢t', or the accounts did not accord wrth the accounting records,. or the accounts did not comply with the applicable requirements conceming the fom and content of accounts set oul in Ihe Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair, view which 1$ not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the e mination lo which attention should be drawn in this report in order to e ble a proper understanding of the accounts to be reached. te rds in the brackets rfthey do not apply ' Please del Signed: Dat•: Nam•: Nadeem Qure Relevant professional qualification(sl or body (If any): FCCA Address: Unit 1a, Park Fann Road. Folkestone, Kent CT19 SEY Section B Disclosure Only complete if the examiner needs to highlight material matters of concem (see CC32, Independent examinatson of charrty accounts.. directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. No matters of concem to be disck)sed.