REGISTERED COMPANY NtJMBER: 04794043 {England and Wale5)
REGISTERED CHAIUTY NUMBER: 1099407
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
SALTO GYMf4ASTICS CHARITABLE FOUP4DATION
LIMITED
FKCA Limited
260 - 270 Butierfield
Great Marlings
Luion
Bedfordshir¢
LU2 8DL

SALTO GYMNASTICS CHARITABLE FOUNDATION
LIMITED
CONTEf4TS OF THE FINANCIAL ST ATEMENTS
for the Year Ended 31 DECEMBER 2024
Page
Reference and Adminijtrative Details
Chairman's Report
Report of the Trustees
3 10 13
Indepeudent ExamiDer's Report
14
Statement of FiDancial Activities
15 to 16
Balanee Sheet
17 to 19
Casll Flow StatemeDt
20
Notes to the Cash Flow Statement
21
Notes to tbe FinancRal StatetReDts
22 ro 36
Detailed Statement of Finallcial Activities
37 to 38

SALTO GYMNASTICS CHARITABLE Fouf4DATiof4
LIMITED
REFERENCE AND ADMINJSTIL4TIVE DETAILS
for the Year Ended 31 DECEMBER 2024
TRUSTEES
Mr R Powell
Mr E J Phillips
Mr M A D'Arcy (resigned 24.1.24)
Mrs P Young
Ms L Baird
Mr G Baliah
Ms N Ford (resigned I1.9.24)
Ms R Kay {appointed 4.2.25)
REGISTERED OFFICE
260 - 270
Butterfield
Great Marlings
Luion
Bedfordshire
LU2 8DL
REGISTERED COMPANY
NUMBER
04794043 (England and Wales)
REGISTERED CHARITY
NUMBER
1099407
llYDEPENDENT EXAMINER
Tara Aldwin ACA
FKCA Limited
260- 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL
LEGAL ADVISERS
Machins Solicitots
28 Dunstable Road
Luton
LUI IDY
Page I

SALTO GYMIYASTICS CHARITABLE FOUNDATION
LIMITED
CHAIRMAN'S REPORT
for the Year Ended 31 DECEMBER 2024
It is with great pleasure that there was a return to 'business as usual, at SALTO Gymnastics Charitable Foundation
in 2024. During the preceding 4 year.%, we have had to contend with significant disrupiion th81, ai ti]nes could have
closed the centre. I would personally like to that our management team of Laura Baird. Mike D'Arcy and Nadine
Scarlett for brillging. energy, enihusiasm and also being a tme ple&sure to work with.
SALTO embodies teamwork at every level from ourHeads tsf Department, through our senior coathes to ouryoung
leader5 and our supportive Twstees. Pauline Young & Eric Phillips deserve special praise for their long-sianding
conunitment to the Club -offering wise council and working iireltS51y to ensure our Club continues to thrive.
Everyone contributes to ihe su¢cess of the Club and every member of staff should thke great pride in the sense of
belonging and inclusiveness that et￿b]ed the Club to reNm to membership approaching 1,000. This i& a rerum to
pre-covid levels. and a target that as a Board, we Sought to achicve.
l llLUSt also thank the support of our members, who have had to deal with a shary) rise in the cost of living and yet
SALTO, tts tnany parents remains a huge f]nancial commjunent. It is well doCumen￿d that the regular participation
in sport and group activiiies i5 SLiPPOrtive of children's personal developmeni and beneficial to mental health. As a
Board, we endeavour to offer value for money when compar¢d io other local gymnastics ¢lub5 and we fully in￿nd
to re(&in our charitable sthtus.
Tuming to specifi¢s, in2024 we succe5sfullygrant ￿nded a major refurbishmeni of ourchanging and toilet facilities
and improved our disabled washroom. We have many long-stallding partners %u¢h as The WixaTntree Trus¢, The
Bedfordsh2re and Luton Cornmunity Foundatjon. The Garfield Weston Foundaiion and the team from Beaciive
Beds.. It remains a high priority that we continue to build ami grow our reach into the wider comTnunLly, io explor¢
additional funding opportunities. such that we can continue to improve the safery & security of tsur facilities.
Our Christmas shows were very well atiended, as were Club championships and ACRO Galas which allow our
members to display their talents to a wider audience. It is perhaps ihese-whole Club, events. rha¢ bring me the most
joy and sense ofpride. The organisation is complex and yet, this year there wer¢ on a scale not seen before.
It was with great sadlless that we lost Jean Larg¢. Her ca]m. guiding presence around the floor will be greatly
missed.
Finally. il is to all our gymnasis thai I remain indebted, a5 Chair. The progress we have all made as a collective, is
evidence that, as a Club. we ate doing things well and our direction of travel i% strong. Frotn oui popular pre-school
offering. thiouO] Wojnenthlen Artistic. Trampolining & Turnbllng. our general offering is gathering
momenwm. The Club needs to build on the prenominal succes5 of our Acro D¢partment, grow organically and
coniinue io build on the Success enjoyed ai our external cotnpetLtitsTJS in 2024.
Mr R Powell- Chaim)an
Page 2

SALTO GYNINASTICS CHARITABLE FOUiYDATION
LIMITED
REPORT OF THE TRUSTEES
for the Year Ended 31 DECE.MBER 2024
This report represents SALTO Gymnastics Charithble Foundation Limited. The strength of our Board, management team.
staff and itnponantly mernbers have allowed us w position ourselves for gTtsWth.
The rrnste¢s who are also threciors (The Board) of the cbarity for the purposes of the CO￿PartIes Act 2006, present their
repon with th¢ fjnaucial s￿￿MentS of the charity for the year ended 31 December 2024. The Board has adopted ihe
provisions of Accounting and Reporting by Charities.. State￿¢￿1 of Recommended Practice applicable to charities
preparing their f]nancial statemenis in accordance with the Finallcial Reporting Standard appllcable in the UK and
Republic of Ireland IFRS 1021 (Eflective l January 2019).
2024 was plaoned to be a year of moving fonvard in temis of jnembetship numbers. facility utilisation and refurbishment
of the faciliry. As 3 board we supported the managetnent in club (o colltinue the day-to-day operations, lo fundraise and
plan refurbishmenis.
Business condition5 epsed a little. energy prices dropped, and we were able to fix for one year at better rdies.UK Infiation
measures, Core CPI and CPIH. eased. CPI beginning of the year at 4.2 /. SALTO continued to focus on the membership
base, whilst re¢ognising that Children, ParenL%. and our Colleagues were navigating the cost-of-living Crisis. The strength
of our Board, management team. stsff and irnportantly me]nber5 have allowed us to plan positively for the fuwre.
The Board has asqessed the Charity on a going ¢oneern basis. We monitored cash flow on a month-to-month basis. we
moved to simplify reportang. we enhanced the management team contributors. we focussed on the new membership
administratlOD tool'coacha", we focussed on training our staff. we focussed on productivity improvements.
The Charity and its property are managed and administered in accordance with its Mernorandum and Article5 of
Associarion, by its. Board.
OBJECTIVES AND ACTtvrtlES
Objertives and aetlvities
The Charity's objects are restri¢¢ed specifically, in each case only for the public benefil to:
(a)
The promoiionof communityparticipation. in a range of healthy sporting, recreational and educational physical
activities, for the benefii of bui not exclusively, the children and young people Irefetred io as Inhabitanlsl of
Luton and surrounding rural towns and villaKes (referred io as area of benefit). by ¢he provision of facilities
for participation in the activities.
To advance education for the benefit of, bui noi exclusively. Inhabitant5. OF the Area of benefit), thtough the
provision facilities for coaching in gymnastics sporns and throu¥h the support of gyrnnastic￿ coaching courses
and leadership skills.
The relief of such Inhabitants with physical or leaming disabilities by the provision of the facilities and
activities_
For the public at large in the interesrs of social welfare and with the obje¢1 of improving the condition of life
of the said Inhabitants who have need of such facilities and activities, by reason of their youtb. age, infmiry
or disablement, financial hardship. or social and econornic circumgtan¢es.
(b)
(cl
(d)
TakEng reasonable care and attention is given to the physiological and rnental wellbeing needs of Such illhabitants. with a
view ro furrhering these objects.
Our vision is.. To Aspire- To Inspire. To Deliver,. To Succeed. As SALTO is more than "Gymnastics"
Page 3

SALTO GTrTrINASTICS CHARITABLE FOUNDATION
LIMITED
REPORT OF THE TRUSTEES
for the Year Ended 31 DECEMBER 2024
ORIECTIVES AND ACTIVITIES
Pubilc beneflt
The Ttustees confjrm that tlLey have referred io the Charity Conuni5sitsn's guidan¢e on public benefii, including the
guidance 'public benefit.. runninby a chanty IPB21, when reviewing SALTO's aitns and objectives. as well as in planning
future aciivitie9. We strsve to improve the health, wellbeing, and prospects of the "Inhabitants" by becoming one of the
leading providers and pro￿OterS of gymnastics and other activitie5, in our"Area of "Benefit". from the use of the SALTO
Centre by SALTO Gymnatstits Clwitable Foundation Limited.
SALTO'S primary source of income is directly from its activities ihai generate metnber subscriptions and fees.
Affordability and access to SALTO'S activities and progranllnes is importhni to us and is reflected in our pricing policy.
This pricing policy is designed to enable as many 'lnhabitants" a5 POSSLble within our Area of Benefii" to take part in
activities. io attend or participate in events, by making these as affordable as possible, having due regard to the general
levels of deprivaiion in the Area of Benefjt" and pricing of 5i]nilar sporiing or leisure activities available locally. The
pricing policy and other careful fmancial management by the Trustees are designed to generate a modest surplus and
consistent wilh our Reserves Policy derailed below.
The strdiegies en)ployed to achieve SALTO Gymnastics Charitable Foundation Limited's aims and obj¢cts are-.
enable SALTO to present a broad range of activities and gymnastics classes for all age groups in as many
discipline5 as possible, subject to availability of qualifled coaches.
enable SALTO io develop innovative programtnes. such as. ¢lasses for"Hotne Edu￿ted, children.
enable SALTO to develop"Partner" progralnmes with local s¢hools, groups working with children with specific
educational needs.
provide facilities for community amateur sports groups to classes at the SALTO Centr¢ at discounted rates
for hir¢ of space.
create opportuThities for volunteering, developing coaching skills and employjnent.
create an open. welcoming. safe environment to bring families iogether whi15t they waich their children
panicipate in their classes fosiering a sense of C0mrnL￿iÈY cohesion.
creaie a sta￿-0f-the-aft training facslity, to inspire the gymnasts to reach their fvll ￿TenTiaL and motivate othe
io become members too.
SALTO is aware that it must demonstrdie the difference made by the achievement of our aims and objectives tttrough the
delivery of our activilies. outputs, outcomes, and impacis. We now need to wtsik on 2026. Although SALTO moniiors
perforniance againsi Key Perfornwice Indicators {KPlsl. sei within atjnual operaiing plans, these results. have not b¢¢n
expressed in societhl terms.
This is Siill an area for irnprovelnent in our performance but there are challenges ond measurement problems associated
with some of our activities. Subject to GDPR cornpltance, we a15.0 aim to share data with Partner" organisation5 to
improve the quality of our reportjng.
SALTO operates in Sundon Park, one of the m05t deprived areas in Luton, as evidenced by ONS IMD statistics.
Luton is 70th of 317 of England's Tnost deprived areas.
4 Local Super Ouwui Areas (LSOA's) in the top IOO/o mosi depriv¢d areas in England.
Luton's populaiion is 225.300, one fifth of this number are under 16 years old.
Only 4 LSOA'S have improved their oyerall IMD rak]ng 2015-2019
Page 4

SALTO CYMNASTICS CHARITABLE FOUNDATION
LIMITED
IiEPORT OF THE TRUSTEES
for the Year Ettded 31 DECEMBER 2024
STK4TEGIC REPORT
Achievement and performance
Charitable attivitAes
In 2024 We were able to invesi in trdiming and development in coaches. This was a deliber4te strdtegy, as we decided to
build from within, as Senior coaches were difficult 10 source posi covid. With the help of the Wixamtree FoundaiioD oiir
staff were able 10 complete over 30 courses, in 2024 with the Bnlish Gymrwties Coach Education Progratnme and First
Aid. We also enhanced productivity by introdu¢ing"Mesh WI-FI" inio the centre, allowing our coaches to become digital
in their record keeping tt>ward the end of the year.
Every one of us worked hard in the background; io deliver on our main ¢haritable of objective to ensure we make our
activities as affordable possible to as many as possible.
We were able to complete the creation ora new JneetinK room. for the %iaff, membership and visiiors. We weTe able io
refurbish our Toilets for those with disabilities and the Male and Female toilets.. We were able to redesign bag drop
off room and improve our safeguarding abiliiy.
Children and Youn
Peo
le
Our membership at the end of 2024 was Approximately 980 members. We are aiming ¢0 consolidate and build on this in
2025.we have retumed to a pre ¢ovid li￿etable. enabling our recrealiotydl level provision to expand, Our squad
programme is also recovering. W¢ hope to enhance our Tumble offering in 2025.
We are a fully inclusive club here at SALTO. Our members aTe attracted by SALTO'S growing reputation, delivery of
gymnastics and successl SALTO'S rn¢tnbership is drawn from every ward in Luion and reflects Lulon's Superdlve￿e,
plurdl. ethnic population. 850/0 of our ]nembers have a Luion Postcode. Our membership ethnic tnix comprises 48.50/0
English, I l /0 Other White, IOO/o Asian, 120/0 Black. Black Briiish Caribbean, African. 160/0 Mixed multiple, and 2.50/0
other Ethnic group. 87¥0 of our mernb¢rs are female.
2024 was an exceptional year for SALTO. tnarked by success. progress, and pride a¢rosb all areas of the Club. Our
gymnasts brought home an incredible 34 Gold, 43 Silver. and 40 Brnnze medals, including a Regional medal in General
GJThnastlC5, a National Bronze in Men's Artlslic. and Briiish and English Champions in Acrobatic Gymnastics.
Our Acrobatic Gymnastics ￿arn continued 10 deliver outsianding results. shuwcasing the dedication and hard work of
both gytnnasts and coaches. Reereatiotvdl and Pre-school programmes thTived. wilh young gynma5ts ￿akirtg great %trides
in ski115 and confiden¢e. We were also thrilled to launch a new Trdmpolining squad development pathway, and begin
reintroducing (ieneral Gymnastics to give even more gY￿￿￿ts the chance io train and compete.
Men's Artistic Gymnastics saw a surge in participation. with boys proudly representing SALTO at a wider rdnge of
competitions. Meanwhile, our Women's Artistic piogramme had an encourdging year, with strong compeiirion
perfomiances and representation ai regional level. We're exciied io see this momentum continue in 2025.
Beyond athletic success. we also celebrated progress among our coaching team, with over 12 memb¢rs qualifying in
British Gymnastics awards and 14 gaining Firsi Aid certification-strengthening our commiimeni io safety and
excellence.
While this year brought many positives, it also brought great &adness. In August 2024, we losi a much-loved and long-
s¢andiDg member of the SALTO family, Jean Large. Jean was inst]umental in founding our Acrobatic Gynmastics
department in the late 1980s and remained a dedicated and inspiring presence in the club ever since. Afier a short batile
with cancer. Jean passed away, leaving behind a remarkable legacy. Her passlon, commiimei)I, and love foi the sport
shaped genentions of gymnasts, and her influence will coniinue to live on in everythtng we dwspecially within our
acrobatics programme.
As we reflect on this memorable yeai. we are incredibly proud of out entire SALTO community alld look fotivard to
building on this success in 2025.
Our Play gym sessions have seen an increase in al￿ndance and a continually growing attendattce base. Our Play gyTn
popularity and revenue has continued io exceed our expectations.
Facilities and Infrastrueiure
Our focu% is to ensure the SALTO is a welcoming, nurtUTI[￿ and bafe environment for all attendees ai SALTO. From our
staff, volunteers, managemeni and contrdctors all the wdy ihrough to our rn¢mbers and visitors. During the year 2024. the
Page 5

sad incident in Southpon, prompted the board to review security, with the aim of refiirbishing OUT front entrance io
enhance everyone's safety.
Workforee
At Board level. we were pleased to welcome Kimberley Provan as a Pareni representative, following the resignation of
Nicolleiie Ford. We thank Nicolette for her time and effort of behalf of the club. We close 2024 with the ambition of
increasing board members to 10 over the medium tern). These appointments will ensure the chariry retnains sustainable
and will also continue to develop its positive approach to Diversity, Equality, and Inclusion in particular.
We will invesi ID manage￿ent skills training courses and seminars io continue our management team's continued
professional development, as opportunllies arise.
We coniinue io invest in all our sthff, our young leadeis and coaches are encouraged to climb the British gymnastics
qualification ladder, with our fmancial support alongside gaining other professional skills such as First Aid, Safeguarding
and any additional ¢ourse5 tbey may require for their specific role.
lunteers
SALTO relies on voIL￿tary help to support its Management Team, Coaching and Adminisrrdtive Staff. Volunteers a&s1.￿t
with siewarding events., coffee bar and perforniances, setting up and packing away. fundraising, banking atrangemenis
and siock control. SALTO does noi attribute a f]nancial equivalent lo the value of our volunteers, contribu(ion io the
Charity however it is nevertheless of greater worth than the mere saving in paid statTcosts.
Communi
ement
SALTO has explored new avenues and ways of interacting within the cornmunity. This year our staff have visited school
fayres. welfare evenings and Club conferences. We have regularly had contact with Lu¢on Borough Council members,
and our sponsors. We invited many io our Winter Spectacular and many attended as guests. W¢ are very pleased with the
outcome. We also rall Adult Movemeni classes during 2024.
We will coniinue to support the I￿al community and deliver an affordable, inclusive seEvice. SALTO will COTJiinue to
ASPIRE. to tNSPIRE, to DELIVER and to SUCCEED.
Communieailon
Our cornmunicaiion this year has been delivered inio the co￿eCt channe15 with regular social Tneth'a posis with a mixture
of SALTO competition resulis. recreational involvement, advertising and updates. Alongside our monthly newsletters,
emails and notice boords.
Our communication with staff has been improved with the implernentation of our new staff managemeni system alloMng
iaff to communicaie with each other and managemeni as well as having access io their timesheets. schedules and staff
bulletin for impotlant updates.
SALTO'S incoJDe is generated frtsm the following sources..
- Metnbership Subscriptions
Metnbeiship fees
- Gift Aid
Sponsorship
- Non-G)Thnastic5 Core Activities
Trading Activity
Exiemal Hire
- Donations. Grants. Bursaries and Fund￿lSing
Membershl Subscri
Variable based upon the subscTiPtion fee rate and the nurnber of participaD1￿MeInberS. Thi5 represenL% the largest
contribulion 10 SALTO 's Primary Trading Income. This income is regular. paid rnonthiy and the majority is via pre-
authorised card payments collected via our membership systern and designated payment service provider. The
subscTiPtion fee rates were lasi changed in October 2024. We redesigned the fee table lo make it fasrer, for our members.
we remain a value focussed board. committed to providingi the best value for our members.
Page 6

SALTO GYMNASTICS CHARITABLE Fouf4DATION
LIMITED
REPORT OF THE TRUSTEES
for ihe Year Ended 31 DECEMBER 2024
Membershi
Fees
Generally predicable within a reasonable tolerance. Membership fees were unchanged in 2024.
GiftAid
As a charity SALTO Gymnastics Charitable Foundation is able to claim Gifi Aid on eligible ￿e￿ber payments for which
we hold a valid gift aid declardtion, our 2024 ￿tal for gift aid was £16,334.
NDn-Gymnasti¢s Core Activities
We look to develop innovaiive ways to offer a¢iivities that prornote health and wellbeing to members and non-members
taking advantage of time when the SALTO Centre is noi fully occupied by our core-activities. Norn)ally, this not only
¢ontributes to our chariiable objects but also provides a strot)g and reliable sL>ur¢e of revenue.
Tradin
Activi
I'rading a¢iLvity is ¢onsist¢nt, yet below pre Covid levels and ]thely to remain so in the im]nediate future. We have plans
to reorganise class strncture and have implemenred cashless payments a¢ross our vending machines, which has added to
usage of the coffee bar,
External Hire
There are different forms of external hire from Parties, Compeiitions and Events. Community Club hsre and Coa¢h
Education Courses. This source of income is expect¢d to make an increasing valuable contribuiion. During 2024 we have
been able to esiablish and build relationships with external harers io hopefully continue to build further hall hlnng
opportunities in the filwre.
DonationslGrantsIBurs#rie￿Flllld Raisin
EveDisJCrowdfllndln
TheB
Give A
eal
This 15 entlrely linktd to the volume and success of Such activities. These are generally linked io a project or planned
expense and the funds raised are either Resiricted Re%erves or Designated Reserves. There are long lead time5 between
applications and any funding received ex¢epi for 4pecific events. This is not predictable. Increasingly applications are
being made for support for core costs.
onsorshi
Sponsorship 15 Still finding its fe¢t here at SALTO and not yet a predicable or making a meaningful contribution to the
in¢rime mix. We hope to esiablish and gain rnoie Sponsorship as we move into the nexi year.
Statement of Financial Activitie
- The Commercial Mortgage payinents of £4,237 continue.%0 the balance as ai the year-end is £432.461.
Subscriptions- Reflected higher in 2024. We saw a rise of 160/0. We again raised our prices. due to llfflationary
pressures in building maintet)ance also staffthg cosis, coniinued to rise.
- Other Incorne- This continue5 to build. Play Gym attendance rates are solid. The reality was an income increase of
Non-core income contributed more than £IOO,000 in 2024 exceeding budget wgeis.
Gift Aid contributed £16,334 in 2024. This money was ai no extrd direct cost to our members.
enditure
Our utilitles bills for Heat and Light were ai £29.253.
Repairs and renewals at £73,000 for meeiing room creation. full refurbisl)ment of toilets.
- The cleaning bill at the facllity is 36,000 per at]num. Wt highlight these costs so that our members and guests can see
where the money 15 being spent on ihe facility. This was a signifi¢an¢ rise in costs.
Our %tatTJng bill increased over 200/v* a8 we worked to increase tirnetable activity. and staff qUalifJcatio￿ We are a
v¢ry fair eTnployer and as such we have reflected this in the rise of wages.
Investment Polic
and Ob'ectives
The Combined value of Charity's reStric￿d andlor unrestricted reserves does noi currently warrdnt establishing a detailed
investment policy. The Trustees, having regard io the liquidity requirements of ¢)perating SALTO, have kept available
funds in an inierest.bearing dep05ii aLcount and seek to achieve the best available rale of interest, commensurdte with the
amount invesied and ease of access required.
Page 7

SALTO GYMNASTICS CHAIUTABLE Fouf4DATION
LIMITED
REPORT OF THE TRUSTEES
for the Year Ended 31 DECEMBER 2024
He8dlTrne5 for 2024
We installed our new membership'coacha" system which will increase our productivity.
We had a fantastic response from our members and the conununity, aboui our 5 show Winter Specwulw event.
Thank You.
The Senior management team revised the approach to ihe management of our Loa¢h&s and staff. We aimed io build
relatiottships with all members of SALTO staff and create a professional, enjoyable workplace.
We refurbished our ground floor toilets and bag drop area.
Extemal economic factors rernaineé inconsistent, Commentators and markeLS were still predicting further increa5e5.
Whilst SALTO is insulated from Interesi rnie rise incr&qses. we had to consider cost of liv￿￿7 and recovery in our
calculations. Our fixed rate mortgage is at 6.890/0 and is fixed L￿¢11 November of 2027.
Fill#Ree Position
The Total Cash Position at 31 December 2024 is broadly in ]ine with our long-tenn projectsons.
The mortgage balance as at the year-end is £432,461.
Sub5criplions-in 2024 we aimed for the sub.scriptions ro incre&se to around £30.000 per month.
Other Income- This Continu&￿ to remain steady and is in¢reaEing
o Playgyn attendance rates are solid and growing. The forecast that play-Gym conrributed of over £40.000 in 2024
has ctsme to fruition. Playgym is integral in providing 'feeder Club members. as this is targeted for 0-5 year olds to
come with parent&¢arers.
o Holiday Camps - Are very well attended by both memb¢rs and non-members of SALTO ranging across ages 4-15.
This is heavily subsidised a5 a cheaper alternaiive 10 childcare for paTenis in the holidays.
2024 OPERATIOIYAL BUDGET STRATEGIC PLAf4S
We have produced 2024 forecasts and high-level SLUJ]Enaries.
FuDdraisRng
Grants- We have raised over £76,000 in grants. £23,500 toward refurbishment from the Gosling Foundation, the Bruce
Wake foundation. we received £25,000 core funding from the Posicode Lottery. we received £10.￿0 from the Wixamtree
Foundation for courses and WIFI mesh.%ystern, we received £15.000 for our froni enttanee proje¢r from Sw)rt England
and 3,900 frorn BLCF for IT Equipment. Thank you all very much.
Donations - We received donarions of £1,500 which we put io our onsite defibrillator. We are very pleased to have this
at th¢ club.
Reserves policy aDd CoDtinuing concern
rhe Chanties Cornmissioll guidelsnes siaie that it expecis irusiees to decide, publish, irnplernent, alld monitor their
charity's reserves policy (the Policy) so thai they can comply with their legal duiies io:
aci in the interests of their chariry and its b¢nefi¢iaries.
protect and safeguard the assets of their chariry.
act with reasonable care ond skill.
ensure their charity is accounthble.
This policy document sets out:
a medium-teTm plan for the restoraliot) of reserves.
the basis for the establishment of the level of reserves.
th¢ purpose and approved use of such reserves.
Page 8

SALTO GYMNASTICS CHAIUTABLE FOUNDATION
LIMITED
REPORT OF THE TRUSTEES
for the Year Ended 31 DECEMBER 2024
The Board is responsible for establishing this Policy and io regularly monitor and review its. effectiveness in the light of
the changing ￿ndIng and financial climate and other risks. Reserves are essential to ensure all spending ¢otnmitrnents
and potential liabilities can be fulfilled and aS￿IstS with the miiigaiion of the impact of unplanned events on SALTO
Gymnastics Charitable Foundation LImi￿d ISALTOI, the members, siaff and volunteers. This Policy is reviewed, ai least
annually in line with the fmancial a¢¢ounis review. The last review was Decernber 2024. Our airn is to ￿{lintaIn our
reserves to ensure our financial resilience and sustsinabiliry. includinb protecting ourselves against unexpe¢¢ed shocks to
SALTO activities that are noi insurable risks.
The Policy sets out new aspirational target reserves levels aDd the key principles by which we rnanage sutpluses or deficits
Compared with the targets. Our aim ig to strike the appropriate balance between ensuring a sustainable fman¢ial position
and using our funds to fulfil our charithble objects.
Types of Reserve
Restricted Reserves..
Rcstricled fi]nds fall outside the definition of unrestricted reserve5. In SALTO'S case. it may during the norn)al ¢ourse of
its fvnd-raising activities, receive the proceeds of donations or grants, which may be received with conditions attached
regarding their use. Such ￿rtd5 will be held in a separaie designated account and such fund% shall be t￿plOyed in strict
accordance with the conditAons attached an(Vor the pU￿oSe staled in the application for such ￿nds. As such, these funds
are not included in the calculation of the Unrestricied Reserves considered prudeni for the day-to-day operdiion of the
club.
De51
llated Reserves..
SALTO tnay decide to accurnulate reserves in anticipation of a future project or material expense. These are detailed in
the table below. A.$ such it may set ￿lde funds from sts nornial income andlor general fi￿d-r#i5Irtg aciiviiies with a view
to utilizing such reserves at the appropriate time to facilitate the project or meer the liability of the planned expense. The
Trustees may, ai their discretion. re-designaie the application of 5u¢h ￿rtds to meet a new pnority. provided such 15 in
furtherance of irs charitable objects.
Ullrestricted Re5erYes
SALTO may decide to accumulate general reserves to ensure ihat the SALTO may fulfil itg nom)al day lo day activitieb.
contractual commitments, and operating expenses io mitigate the risk, however small, of an adverse change to anticipated
futurc tevenue% or adverse itnpact of an unplanned or significantly larger expet)8e than that which was included in the
budget. As su¢h, it may set aside funds from its norn)al income an￿Or general filnd-raising activities with a view to
utilizing such reserves at the appropriate time to avoid the need to ¢ease delivery of scheduled activiiies in furtherance of
Its charitabl¢ objects. Unrestricted reSe￿¢S are ￿ndS that are not specifically der￿ed as Restricted Reserves but may
include Designated Reserves.
Reserve5 policy and going concern
These unrestricted reserves must be freely available to spend on any of the Charity's purposes. The starting point for
calculating the amouni of unrestricted funds held by a Ciwsty. However, just as in SALTO'S case, some, or all, of the
unrestricted funds may not be immediately available for spending. This is because spending those funds may adversely
impact on the Chariry's ability to deliver lis aims, or they are not eagily convertible to cash or illiquid.
This i5 be¢au8e spending those funds may adverqely irnpact on the Charity's ability to deliver its aims, or they are llot
easily convertible to cash or illiquid. Such iicms should be excluded from the calculation of reserves, include..
Tangible Fixed Assets used io cany on the Clwities activities, such as land and buildingg. In September of 2022
Kemsley Property Consuliants. on behalf of Barclays, valued the SALTO centre at £1,890,000. Th¢ net fLxed
asser value is excluded from the calculaiion of free reserves as this equiry is not easily realiied into cash alld
could fall in adverse economic condiiions.
Programme related invesrmenrs those held solely to further the Charity's purpose
Designated Funds sei aside to rneet essential futuie spending, such as funding a pmject rhat Could not be mei
from future iTJcome
Cornmitmenrs that have not been provided for as a liability in the fllwicial statements.
Page 9

SALTO GYMNASTICS CHARITABLE FOUNDATION
LIMITED
REPORT OF THE TRUSTEES
for the Year Ended 3J DECEMBER 2024
Level of Reserves
Target
Amount
2027
Target
Amount
2026
Target
Amoullt
2025
Description
Purpose of reserves
En%ure short teim solvency in case of
extreme event and buy time in the
eyent of a serious income shock.
Enable the organizaiion to function
while action is taken (including
business intemiption insurance claim).
Ensure charitable committnents can be
tnet.
Contin£ellCy
Reserve
£45.000
£40,000
£35.IX)O
Smooth volatility. Provide coverage
for pennanent Changes in
cirallllstances. Enable adju%trnents to
be phased in over a longer time.
Insulate usable reserves from adverse
fluctuation in expenses, such
increase in hall hire cosi due to
adverse interest change.
Finalleial
MatL#gement
Reserves
£10,000
£10,000
£IO,O(KJ
Strategic Reserv¢s
(*Est#blish SinkiDg
Fund)
Enable delivery of SALTO Strdtegy
Fund the non-recurring cost of major
projects and initiatives
£io.000
£io.000
£10,000
This Is the unresiricted balance on the
reserves account. This excludes
balances on Current accounts from
time io lime
Total Reserves
£65,000
£60,000
£55,000
CONTINGENCY RESERVE CONTROL MEASURES are $¢1 out ID the Rules Goverlling the operation alld
managem¢nt of SALTO Gymnastic$ Club (the Club) Pursuant to Arti£le 3x tsf the Article5 Of A$soelatlon adopled
on 29 September 2021 (Ihe Articles)
Flnancial reTrTrew
The Board has set targeis for unrestricted reserves itl this Policy, in accordance with Charity Commission guidelines
l¢urrenily Set out in CC-191, noting that reserves are needed io bridge the gap between the %pending and receivinLJ of
income and tc> cover unplatmed emergency repaits and other txpenditure. The board has designated and established targets
for Contingency, Finan¢ial Mana8ement and S¢raiegi¢ Reserves and havll￿ due regard for its Risks Regisier.
The Board shall always act with reasonable care and skill, using infomiation and advice. as it deems appropriate, io sei
att a[￿Ual budget, with 8 view to funding the dtlivery of scheduled aciivilies and future developmeni goals. in furtherance
of its charitable objects. Such budget is set with due regard to pievailing operating income and expenditure, as well as
prudent forecasting, based upon known intemal and external facioTS. The budget also aims io Crea￿ a modest SLuplus to
contribute 10 an increase to the balance of unrc8tricted reserves towards the sthted targets.
The Tn￿lee$ considers the ideal medium target level of reserves is £55,000 by the end of 2025. This is evident from the
figures reported in the Statement of Financial ActlVLtie5. In the short-¢erm, we aim to maintsin unresiricted reserves of at
leasi £20,0(10, as detailed in the table above and move towards 2x months, Salary cover in the mediurn temi.
Page 10

SALTO GYMNASTICS CHARITABLE FOUNDATION
LIMITED
REPORT OF THF. TRUSTEES
for tbe Year Ended 31 DECF,MBER 2024
Risk management
The principal risks faced by the Charity are,.
Financial..
Financial risks are two fold:
Exposure to a signifi¢ant adverse change in interest rates once our f]xed arrangement with Barclays expires November
2027.
Income from nomal operdtions, sueh as member subs¢ripiions and other fees for services, is insufficient to meet the
liquidity needs of the Charity.
In both cases, a reserv￿ policy has been established in SALTO GY￿￿￿$t1¢S Club 10 ensure that the charity will be able
to Tneet its obligations as they fall due.
SALTO has Trnsiees with d¢tailed f]nancial experience ro monitor and evaluaie such risks and amend policies ag
necessary. The reserves policy has been redrafted to enable the charity to be better prepared for such an eveni. SALTO'S
business interruption insurance fell short of providing the aniicipaied protection.
erational..
The Charity has a strong Board of Trustees that is responsible formanagement of the Chariry. The Clwity seeks w adher¢
to best practice as advised by the National Governing Body and Charity Cotnmission. We remain conunitted to growing
our Board and adding additional I'rustees with specific skills in Legal, Hurnan Resources & MarketingllT where we have
deficiencies.
utaiions..
The Charity maintains a set of policies and procedures designed to enable the delivery of a¢tiviiies without illcutying
adverse reputations consequences. The p)licies are reviewed on a regular basis or when new guidance is issued. We have
policies goveming the safegLthing and welfare of children and young people, safe systems of work to protect our siaff
and users of the SALTO Centre and financial Controls to avoid misappropriation of Charity fLmds.
Pagell

SALTO GYMP4ASTICS CHAIUTABLE FOUNDATION
LIMITED
REPORT OF THE TRUSTEES
for the Year Ended 31 DECEMBER 2024
STRATEGIC REPORT
Futur¢ plans
SALTO has developed new medium-tern) .%trategic plan coyering 2023 - 2025. The focus is now upon a controlled ye¢
sustained effort to rebuild metnbership ttumbers as well as new and existing services. We will ensure we have the
necessary fmancial and physical resources available to tneet the demand from fornjer and potential beneficiaries.
Our plans have 6 priority arvds:
Communi
& Membershi
Define policies that set out best practice, for the delivery of our charitable objects. To further the role that SALTO plays
in its area of benefit and enhance its relationships with all stakeholders.
Edu¢ation & Em
ment
By focussing upon the needs of club, working with British Gymnastics Coach Education. establish a fraynework for the
invesunent in people, to fulfil theirpersonal development goals whilst using these ski115 in the furtheranceofour charitable
Obj￿IS.
Services & Events
Secure a progiamme of ¢lasqe.%, activitie5 and events ihar ¢ontribuie io the furtherance of our ehariiable objects that are
txciling, challenging, rewarding safe and fun. Ensure the SALTO Centre is equipped to the highest standar(ts possible 10
aspire lo be a centre of excellence to deliver same. We will devise developtnent plans for our Competitive squads io be
ready to enter events as soon as pemiitted to do so.
Finance & Corn
liance
To ensure the long-terni sustaillability of the charity through Pwdential Financial controls and poli¢ie5 and confomiing
with all legal requirements and regulations governing Charity a¢iivities. The Board reflnanced, the balance of outstanding
long-ierni debt by extending the ierni and in doing so. produce a posiiive impact on cash flow but acknowledgin¥ that the
overall cost of the f]nance will in¢rease. This action being in the besi inierest for long tetm financial sustainability of the
Chority The Board aims to in¢rease unrestricted grant fundlng to redu¢e depet)dency ot] tnember subscription incorne.
ICT S stems
Conduct a Digiial Strategy Review to ellsure Managemenr and Staff have all the tools necessary to fulfLI their roles
effectively.
ICT is an essential resource and is integral to all aspects of the Charity activities. We musr strive to ensure the resources
available are fil for purpose aTLd compliant with GDPR.
Health and Safe
Maiia
ement
SALTO is committed to maintainlng a robust Health & Safety Man8gemeTJi Sy.8iem, that ultimately ensures thai all users
of the SALTO Centre rernain safe.
Page 12

SALTO GYMNASTICS CHARITABLE FOUNDATION
LIMITED
REPORT OF THF, TRUSTEES
for tILe Year Ended 31 DECEMBER 2024
STRUCTURL GOVERf4ANCE AND MALYAGEMENT
Governing document
SALTO Gymn&%tics Charitable Foundation Limited is organi5ed as a Company Limited by Guarantee ICLG) Compally
Regisiration Number 04794043. The CLG sttucwre is widely used by Chariiies b￿ause they not-for-profii companies -
that Is. they do not distribute their profits to their members but either retain them within the company or use ihem tor
some other charitable putpose.
SALTO GyrnnastiC5 Charitable Foundation Limited ].% registered as a UK Registered Charity Number 1099407 in 1995.
SALTO Gymnastics Chantable Foundaiion Limited was established to facilit8ie the purchase of the SALTO Centre with
the assisrance of a cotnmercial mortgage and io proteci the Trustee5 and Direciors runninbF the company from personal
liabiliiy for the company'g debts. The liabiliry of the Trusiees and Directors is £1 (One pound bterling}.
Trustees
Th¢ Board of Trustees are resox)nsible for directing, controlling. and nu)ning and operating the Charity on a day-to-day
basis. I￿e Board should refleci the diversity of SALTO rnernbetship and the communities it serves in Luton and the
surrounding towns and villages. The BoaTd intends to cO￿pIY with the new Charity Conunission Governance Code and
has nL>t¢d the latest requirements regarding Equality, Diversity. and Inclusion. These principles have been incotporated
into a new Envirollmental. Social & Corporate Governance policy.
The Trustee's role requires lay people, parents and professionals who have a wide range of skJ"Ils and experience to assist
with the diverse strategic needs. Any individual, not disqualified from becotning a Trustee, may be inviied ro become a
TNsttt by an existing Trustee, on behalf on the existing Board. Such individuals shall be nomiTIa￿d and elected to the
Board, at the earliest possible meeiit)g of the Board after acceptance of such invitation and the appoinullent shall be
COnf￿¢d at a General Meeting, following the appoiniment. or at an Extrd General Meeting.
The Board is required io hold a minimum of 2 meetings per annum. Ar SALTO we airn to ￿eet 4 times P¢T year, once
per quarter. These meetings have now resumed in person. Ttusiee meetings usually have a sessioTJ during which the
Managernent tearn present commeniary on progress against plan. covermg the day-io-day adtninisiraiion of rh¢ Charity
activities, review policies and seek decisions, before BLYard buslne.ss LS considered. Trustees, meetings agree the broad
trdtegy and areas of activity for the Charity, including consideration of any bllrsary rnaking. Capital inv&%im¢nt projects..
reserves and risk tnamagement policies and perforn]ance.
The Board actively seeks ro improve its perforniance and a¢tively encourages applicatLOTlS to join the board by following
the process described on the website and Pro￿￿ted via social media and annual member survey quesiions.
New uusiees ideally serve for fsve years afier which they ￿￿Y put themselves forward for re-appointmeni. Th¢
Constirution provides for a minimum of three irustees, with no maximum number. On appointment. new in￿lee$ sign a
model trnsiee declaration statemenr Committing them to giving of their time and experti￿¢. The induciion process for any
newly appointed trustee, includes an initial rn¢eting with the Chairand the Trusiees. followed by a series of shon meetings
with the Operation5 Dlrecttsr and l other rn¢mber of managetnenl. Thebe meetings will include a brief hiswry of the
Ciwity, copy Board and Managemeni Meeting minutes, 2 copy of the lasi three years of annual reports and accounis. a
¢(>py of the Articles of Associaiion and a copy of the Charity Cotnmission's guidan¢¢ 'Charity Trustee.. whai's involved
{CC3a}' and 'Public Benefit.. running a charity,. Tjusites are required lo disclose all relevant iniere5ts and register them
with the Chair in accordance with the Charity's policy withdraw from decisions where a conflict of interest arises.
The current meTnbers of the Board are lisied in the Reference and Administrdiive Details Shttt at Page l of this report.
They may also be found on ihe register at Charity Commission. Companses House and SALTO'S own websiie. In case of
need, please email tFUSteesLalsaltogym.org in the flrst instance.
Report of the trustees. in
directors, on .
orporaiin
a strdtegic report, approved by order of th¢ board of trustees. as the Company
and signed orl the board's behalf by..
Mr R Powe
Page 13

IP4DEPENDEP4T Emm￿ER's REPORT TO THE TRLlS'fkES OF
SALTO GYMNASI'ILS CHARIT ABLE FOUNDATION
LIMITED
Indepeudent examiner's report to the trustees of SALTO Gymnastit$ Charliable Foundgtion Limited ('the
Company,)
I iepvrt to the ¢hariiy trnsiees on rny exa]ninaiioD of the fLnan¢ial sta¢ements of the Company for Ihe year ended 31
D￿eMber 2024.
R¢spottsibilities and basis of report
As the charity'% trusice$ of the Company (and also its directors for the putposes of company law} you are re%ponsible for
the prepardiion of the f￿ancial statements in a¢cordancc with the requiremenis of lh¢ Compankes Aci 2006 I'ihe 2006
Act'l.
Havirlg saiisfied myself that the fllwicial s￿leMents of the Company are tLOt required to be audited under Part 16 of the
2006 Act and are eligible for iDdepeD(kni examinaiioD, I Teport In respeci of my examinaiion gf your ehanty's financi81
State￿entS as l¥￿ried oui und¢r Section 145 of the Charitjeb Act 2011 I'the 2011 ALY'I. In Latryillg oui my examination I
have followed the Directions given by the Charity Cotnmis5ion UDd¢r Section 145151 Ib} of the 2011 Act.
IndepeRdtni examintt's Statement
Since your charity's gross Income exceeded £250,000 your cxaminer TllU51 be a membcr of a listed body. I can confimj
thai I am qualified to undertake ibe examirtation because l am a re8isiered tnember of In8tituie of Chartered AccoulltaThts
in England and Wale5 which 15 one of the listed bodies.
I bave¢ompleted my ¢xamination. I confjrni (hai nOn]atterSha￿t come to my attenrton in connectionwiththe examLna(ion
giving me ¢ause ro klieve..
l. a¢couniirtg re¢ords were not kept respect of the Cojnpany as required by S¢ction 386 of the 2006 Act,. OT
2. the financial statetnents do not acc()rd with tho%e records. or
3. the fLtwJcial sthiement5 do not cotnply with the accounting requtrements of Scction 396 of the 2￿)6 A¢t other thao any
requiretncni that the f￿ancIal State￿entS give a irn¢ and fair view which is noi a t[￿￿tI conbidered as pan of an
independent examination; or
4. the f￿ancIal biatemenis have not been prepared in accordance wilh the metho(ts attd pri￿¢1p[eS of the Slat¢￿eTIt of
Recoll]mended PrdCliLe tor aLLouniing and reporting by chariiies lapplicabl¢ tu Lh￿tieS preparin¥ their f￿anCIal
Statements iIi acctsidaD¢e with the Fi]WJLial Reporiing Standard appliLable in the UK and Republic of Irelartd IFRS 1021}.
I have no concern5 and have come acT058 no oiher Tnatteis in cowietiion with the examination to which attention should
be drawn ￿ this report in order to enable a prtspeT under4tandiDg of the f￿anCial sthtemenLS to be reached.
Tara Aldwin ACA
FKCA Limit¢d
260- 270 Butierfield
tireai Marlings
Luion
B¢dfordshire
LU2 8DL
Date..
3.. %Zpknb￿ ?2£
Page 14

SALTO GYMNASTICS CHAIUTABLE FOUNDATION
LIMITED
STATEMENT OF FITh ANCIAL ACTIVITIES
(ll¥CORPORATING AN INCOME AIYD EXPENDITURE ACCOUNT)
for the Year Ended 31 DECEMBER 2024
General
fund
Property
fund
Revaluation
Notes
INCOME AP4D ENDOWMENTS FROM
Grants, Bursaries. Fundraising , Donations and
GiftAid
43,423
Charitable Aetlvities
Charitable aciivilies - Primary purpose trading
564,055
Investment income
Trading income
674
Total
647,850
EXPENDITURE OIY
Trad￿g expenditure
19.101
Charitable 8etivities
Charitable activities- Primary purpose trading
610,283
Total
629 384
NET INCOME
Transfer b¢tweeD funds
18,466
118,617)
20
18,617
Net movement in funds
{1511
18,617
RECONCILIATION OF FUNDS
Total funds brought forward
81.835
488.170
959,070
TOTAL FUNDS CARRIED FORWARD
81,684
506,787
959.070
The notes forni part of these f]nancial staiements
Page 15

SALTO GYMNASTICS CHARITABLE FOUNDATION
LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
IINCORPORATJNG AN INCOME AND EXPENDITURE ACCOUNT)
for the Year Ended 31 DECEMBER 2024
2024
Total
funds
2023
Total
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Granis, Bursaries, Fundraising, Donations and
GiftAid
52.959
96.382
43.886
Charitable activities
Chariiable activities- Primary purpose trdding
564.055
478,823
Investment incotne
Trdding incorne
674
39,698
382
24,409
Total
52,959
700.809
547,500
EXPENDITURE ON
Trading expendittwe
19,101
26.862
CbAritAble aetivities
Charitable activiiie5- Pri]nary PLwpose irading
39.014
525,940
Total
J9,014
668.398
552.802
NET INCOME
Tr#Dsfer between funds20
13,945
32.411
{5.3021
20
Net movement in fvnds
13.945
32,411
15.302)
RECONCILIATION OF FUIYDS
Total funds brought forward
5.762
1,534,837
1.540,139
TOTAL FUNDS CARRIED FORWAJU)
1.567,248
1.534.837
The notes forni part of these financial statements
Page 16

SALTO GYMNASTICS CIIARJT ABLE FOUNDATION
LIMITED (REGISTERED NUMBER: 04794043)
BALANCE SHEET
31 DECEMBER 2024
General
fund
Properry
fund
Revaluation
reserve
Notes
FJXED ASSETS
Tongible asseis
12
39.503
939,248
959,070
CURRENT ASSETS
Stocks
Debtors
C￿h at bat
13
14
3.882
24,059
41,792
69,733
CREDITORS
Amounts falling due within one year
15
(27,552)
(21.7281
NET CURRENT ASSETS
42.181
21.728}
TOTAL ASSETS LESS CURRENT
LIABILITIES
81,684
917,520
959.070
CREDITORS
Amounts falling due after more than one year
16
{410,733)
IYKT ASSETS
506,787
959,070
The notes fomi part of these financial staiernents
Page 17
¢onrinlled...

SALTO GYMP4ASTICS CHARITABLF. FOUNDATIor4
LIMITED (REGISTERED f4UMBER: 047940431
BALANCE SHEET- eontinutd
31 DLCEMBER 2024
2024
Total
funds
2023
Total
funds
Re.8tricted
ndg
Notes
FIXED ASSETS
Tangible assets
12
1,937,821
1,950,911
CURRETr4T ASSETS
Stocks
Debtors
Cash at bank
13
14
3,882
28,018
57.540
3,473
15,991
3.959
15.748
19,707
89,440
50.226
CREDITORS
Amounis falling due within one year
(49.280)
133.845)
NET CURREf4T ASSETS
19,707
40,160
TOTAL ASSETS LESS CURRENT
LIABILITIES
19.707
1,977,981
1,967,292
CREDITORS
Ainounts falling due after rnore than one year
16
1410,7331
1432.455)
NET ASSETS
19,707
1.567,248
1,534.837
FUNDS
Unrestticted fvnds
Restricied ￿ndS
20
1.547.541
19.707
1,529.075
5.762
TOTAL FtJTr4DS
1,567,248
1.534,837
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 December 2024.
The members have not iequired the cornpany to obtsin an audit of its financial staternents for the year ended
31 D￿ember 2024 in a¢cord8nce with Section 476 of the Companies Aci 2(M)6.
The uijstees acknowledge their responslbilities for
lal
ensuring thai the charitable company keeps accounting records that ctsmply with Swiions 386 and 387 of the
Cornpdnies Act 2006 and
preparing fu￿nCIal staiemen¢8 which give a true and fair view of the sta* of affairs of the charitsbl¢ company as
at the end of each finan¢ial year and of its Sutplus or deficit for each financial year in accordance with the
requirements of Sections 394 and 395 and which orhenvise comply with the requiTernents of the Companies Act
2006 relating to flnancial statern¢nts, so far as applicable io the charitable company.
(bl
The notes forni part of these fllmncial stsiements
Page 18
coniinued...

SALTO CYMNASTICS CHAIUTABLE Fouf4DATJON
LIMITED {REGISTERED P4UMBER: 04794043)
BALANCE SHEET. contiDued
31 DECEMBER 2024
The fmancial stateTrents were Approved by the Board of Trustees and authorised for issue on .......
and were signed on its behalf by..
Ms L Baird- Tryst¢e
The notes forn port of these f]nancial statements
Page 19

SALTO GYMNASTICS CIIARITABLE FOUNDATION
LIMITED
CASH FLOW STATEMENT
for the Year Lnded 31 DECE,MBER 2024
2024
2023
Notes
Cash nows from operating aetlyltles
Cash generated from operations
Interest paid
80,773
28,224
31.869
Net cash provsded byllused in) operating activities
50,206
Cash flows from investing activities
Purchase of tangible fjxed &ssets
nterest received
13,8211
674
15,994)
382
Net cash used in investing aciiviiies
5.6121
Cash flows from fiRaDcillg Actlvlties
Loan repaymenLE in year
Net cash used in financing activiti&
20,281)
18,9781
ChAllge ID casb and eastL equivalents in
the reportiJi2 period
Cash alld cash equivalents at the
beginnine of the reportillg period
26,778
128.235)
30,762
58,997
Cash attd eash equivalent$ At tbe elld of
the reptsrting perlod
57,540
30,762
The notes forni part of these fthancial stsiements
Page 20

SALTO GYTrQ+lASTICS CHIIRITABLE Fouf4DATION
LIMITED
NOTES TO THE CASH FLOW STATEMENT
for the Year Ended JI DECEMBER 2024
REcof4CILIATIOTrI OF NET INCOMEI{EXPENDITUREI TO NET CASH FLOW FROM
OPERATIIYG ACTIVITIES
2024
2023
Net ineomel(expenditurel for the reporting period las per tbe
Statement of Finallcial Attivities)
Adjllslments for:
Depreciation charges
Inierest received
Inierest paid
Ilncrease)IDecrease in Intercompany
Subsidiary loan written off
Increase in stocks
Increase in debtors
Increasel{decreasel in creditors
32,411
{5,3021
16,911
(674)
30.567
14.094
(382)
31,869
{4,4691
4,469
{4091
112.0271
111,5731
482
Net easb provided by operation$
28.224
ANALYSIS OF CHANGES Ir4 NET DEBT
At 1.1.24
Cath flow
At31.12.24
Net cash
Cash at bgAk
30,762
30,762
57,540
Debt
Debis falling due within l year
Debts falling due af¢er l year
(20,287}
{432 455
(i.Hi)
21,722
{21.728)
(410.733
1452 742
(432.461
Total
1421.980
47,059
1374,921
The noktes fomi part of these financial statements
Page21

SALTO GYMNASTICS CHARI"fABLE FOUNDATION
LIMITED
NOTES TO THL FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBF.R 2024
ACCOUNTING POLICIES
Basis of preparinE the financial statements
The fman¢ial State￿entS of the Charitable company. which is a publi¢ benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP IFRS 1021 'Accouniing and Reporting by Charities.. Staterneni
of Recommended Practice applicable to charities preparing their fLnan¢ial Statements in accor(tsnct with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffecrive l January 2019),.
Financial Reporting Standard 102'The Financial Reporting Standard applicable in the UK and Republic of Ireland.
and ihe Companies Act 2006. The financial statements have been prepared under the hLStorLcal cos( convention.
as modified by the revaluation of certain assets.
The Salto Foundation Limited meets the definition of a public benefli entity under FRS 102.
The tTUSiees have considered the financial health of the ¢ompAny and believe that the company, at the date of
signing. will ¢ontillue as a going concern for the foreseeable future.
The presenttstion currency of the financial statements is the Pound Sierling {£1.
Critital aeeounting judgement5 aDd key Sources of estimation ullcertaiDty
In order to properly apply the charity's atcounting policies, as described above, rhe Twstees are required to make
judgements and estimates in respect of caTrying values of assets and liabilities which may not be apparent from
other sources of infonnation. The Trustees base these critical accounting judgements and &%iimations on previous
historical experieD¢e and other factors which the T]usiees judge to be relevant. Judgements at]d estimaies will
invariably differ from actual results and hence such judgements and estimate5 are reviewed by the Trustees on an
ongoing basis.
Key $4>urees of e5tim&tion uDeertaillty
The key sources of estimation uncertainty which have a significant effttt on the amounts reco8nised in ihe
financial statements are described below..
Propeny valuation
The fair value of the property has been detemiined by an extemal valuer and is derived from the sale of sirnilar
buildings within a local radius.
Income
All income is recognised in ihe Sta￿menT of Financial Activities once the charity has entitlement to the fimds, it
is probable that the income will be received and the amount can be measured reliably.
Charitsble ActLVities are divided between Prirnary Trading Income, Oth¢r Trading lllcome. Fundraising and
Investment Incorne.
Expendlture
Liabilities are recognised as expenditure as soon as there is a legal or consttuctive obligaiion committirlg the
chtirity to that expendiwre, it is probable that a transfer of economic beneflts will be required in settlement and
the alnount of the obligaiion can be measured reliably. Expenditure is accounted for on an o¢cruals basis and has
been classified under headings that aggregate all cosi relaied to the category. Where cosis Cannot be directly
attribuied w particular heading5 they have been allocated to actLVltie5 on a basis ¢onsistent with ihe use of
resources.
TaDgible fixed ￿￿ets
Included within fLxed a&sets' is a freehold property which is used to ￿rther the charitys objectives.
Freehold property is sthfed ar market value. Any agg[egja￿ surplus or defjcit arisin8 frotn Changes in the fair value
is recognised through the statement of f]nancial activitleb and included in the designated revaluation reserve.
Page 22
coniinu¢d...

SALTO GYMNASTICS CHARIT ABLE FOUNDATION
LIMITED
NOTES TO THE FINALYCIAL STATEMENTS- eontinued
for tbt Year Ended 31 DECEMBER 2024
ACCOUNTING POLICIES- continued
Tangible fixed assels
Tangible r￿ed assets, excluding property, ore recognised initially at cosi and then subsequently measured at cosi
less depreciaiion over its estin]ated economic useful life and any adjustmen¢ for pernjanent impaimient.
Depreciation rat¢ are as follows:
Improvements to propety- 10 years Istraight line)
Plani and machinery- 201/bo1straight line)
Computer Equipment- 20Q/o (straight line)
Fixtures and Fillings- 250/0 IreduLitig balance)
Stocks
Stocks are valued ai the lower of cost and nei realisable value. after making due allowance for obsoleie and slow
moving items.
TaxatAon
The chariry is exernpt from cotporaiion on its charitable activities.
Fund accouDtiDg
Unrestricted fvnds can be used in accordance with the charitable obje¢iives at the discreiion of the tn]siees.
Further explanation of the nature and purpose of each fLmd is included in the notes to the fmancial sthtements.
Hire purchw And leaslng commitmeDts
Renials paid under operating leases are charged to the Statement of Financial Activities on a straight line basis
over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operaies a defined contribution pension scheme. Contributions payable to the charitable
company's pension scheme are Charged to the Statement of Financial Activities in the periLxJ io which they relate.
Donated serviees
In accordance with Charities SORP (FRS 1021, the general volunteer t1￿C tsf our affiliates 15 not reco8nised. This
is further discussed in the ttU51ees annual report.
CRANTS. BURSARIES, FUNDRAISING . DONATIONS AND CIFTAID
2024
2023
Donations
Grants
Gift aid
2,089
77,959
1,516
24,0(K)
18,370
96,382
43.886
Page 23
continued...

SALTO GYMNASTICS CHARITABLE FOUNDATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
for tbe Year Ended 31 DLCEMBER 2024
INVESTMENT ITrICOME
2024
2023
Deposit account interest
674
382
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Activity
Charitable activities - Primary purpose
trading
Charitable activitie% - Primary purpose
trading
Charithble activities- Primary purpose
trading
Chariiable activities- Pritnary puryose
ading
Charitable activities- PTitnary purpose
trading
Sub5CIiPtions
413,992
354.536
Gym Hire
70,730
59,188
Badges
3.524
5.018
Play gym
50,287
47.387
Competition fees
25,522
12.694
564,055
478.823
TRADIf4G EXPENDITURE
Other trading 4¢tivities
2024
2023
Subsidiary loan ￿Titten off
Clothing f(Trr sales
Coffee bar
Badges, Chalk, Certificates, and Trophies
4,469
8,754
8,196
5,947
12.198
956
19,101
26,862
CHARrrABLE ACTIVITIES COSTS
Support
costs (see
note 7)
Direct
Costs
Totals
Charitable activities- Primary purpose
trading
545 712
103.585
649,297
Page 24
continued...

SALTO GYMNASTICS CHARITABLE FOUNDATION
LIMITED
NOTES TO THE FINANCIAI. STATEMENTS- eontinued
for the Year Ended 31 DECEMBLR 2024
SUPPORT COSTS
Management
costs
Finance
costs
Finance
Totals
Chariiable a¢tivities- Pri￿ary putpose
ading
4,136
103,585
NET INCOMEI(EXPENDITURE}
Net incomellexpenditure) is slated after chargin81{creditingl'.
2024
2023
Depreciation- owned assets
Hire of plant and machinery
Other operating leases
Independent examin¢rs' fees
Independent examiners, fees
16,911
5,550
10.554
14.976
1,512
14,094
1,361
5,727
10,289
1,260
non assurance
TRUSTELS, REMUNERATION AND BENEFITS
Trustees, remuneration
DuTing the year £39,022 {2023.. £28,669) was paid io M% L Baird {Trt￿lee) under a PAYE contract as a
Gyn￿a$ll¢S Coa¢h which as is included th ihe wages iotal included in the notes io the financial 5tatemenis.
Aside from the above, there were no funher rrustees, remLmeration or other benefits for the year ended 31
December 2024 or for the year et)ded 31 Decemb¢r 2023.
Trustees, expenses
During the year two trustees were re-imburs¢d travel cost £646 12023.. £371) and repairs and maintenance cost
£Nil {2023.. £2291.
io.
STAFF COSTS
2024
2023
Wages and salaries
Social security costs
Other pensioTJ Costs
317.708
3.353
2.956
254,392
4.454
2.508
324.017
261,354
The average monthly number of employees during the year was as follows..
2024
58
2023
47
Average employee8
No employees received emolumen(s in excess of £60.(X)O.
Page 25
continued...

SALTO GIl￿NASTIcs CHARITABLE FOUNDATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
for the Year Ended 31 DECEMBER 2024
COMPARATIVES FOR THE STATEMETr4T OF FINANCIAL ACTIVITIES
Generdl
Property
Revaluation
nd
nd
reserye
Restric￿d
funds
Total
funds
INCOME Af4D
ENDOWMENTS FROM
Granrs, Bur%aries,
Fundraising, Donations and
GiftAid
19.886
24.000
43.886
Charitable activities
Charitable aciiviiie.
Pritnary purpose trdding
478.823
478.823
Investment income
Trading incorne
382
24.409
382
24.409
Total
523.500
24.000
547 500
EXPENDITURE ON
Trading expenditure
26.862
26,862
Charitable activities
Charitable activities-
Primary purpose trading
421.373
104 567
525,940
Total
448.235
104,567
552,802
NET
INCOMEIIEXPENDITURE
75,265
180,567)
15,302)
Transfer5 between funds
17 3141
17,314
r4et movem¢nt in funds
57,951
17,314
(80.567)
15,302)
RECONCILIATION OF
FUNDS
Total funds brought forward
23,884
470.856
959,070
86.329
1,540.139
TOTAL FL￿Ds
CARRIED FORWARD
81.835
488.170
959 070
5,762
1534.837
Page 26
continue(L..

SALTO GYMT4ASTICS CHARITABLE Fouf4DATION
LIMITED
NOTES TO THE FIP4ATriCIAL STATEMENTS - coDtinued
for ihe Year Ended 31 DECEMBER 2024
TANGIBLE FIXED ASSETS
12.
I]nprovements
Freehold
property
Plant and
machinery
property
COST OR VALUATION
At l January 2024
Additions
1.890,0(M)
16,638
69,715
3,821
At 31 December 2024
1.890.000
16.638
73.536
DEPRECIATION
At l January 2024
Charge for year
6,656
1,664
24,182
13,987
Ai 31 De¢¢mber 2024
8.320
38,E69
NET BOOK VALUE
At 31 tk¢ember 2024
1.890,000
8,318
35,367
At 31 December 2023
1,890,000
9.982
45.533
Fixtures
Computer
equipmenr
f2ttings
Totals
CO8T OR VALUATiof4
At l January 2024
Additions
3,930
4,233
1.984,516
3,821
At 31 December 2024
3.930
4,233
1.988,337
DEPRECIATION
Ai l January 2024
Charge for year
2,273
414
494
846
33.605
16.911
At 31 December 2024
2.687
50,516
NET BOOK VALUE
At 31 December 2024
1,243
2.893
1.937,821
At 31 December 2023
1.657
3,739
1,950.911
Cosi or V￿U￿tIon at 31 December 2024 is represented by=
Irnprovements
io
property
Freehold
property
Plant aTJd
achinery
Valuation in 2018
Valuation in 2020
Valuation in 2022
Cost
319,070
250,000
390,000
930 930
16,638
73.536
1,890 000
16,638
73,536
Page 27
continued...

SALTO GYMNASTICS CHARtTABLE FOUNDATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- colltinu¢d
for the Year Ended 31 DkCE.MBER 2024
12.
TANGIBLE FIXED ASSETS- eontinued
Fixwr¢s
Computer
equipment
ritlings
Totals
Valuation in 2018
Valuation ill 2020
Valuation ill 2022
Cost
319.070
250,000
390.000
1,029.267
4,233
3,930
1988 337
The freehold property is recorded ar fair value of £1,890.000 with the original cost. which would also be the
carrying net book value under ihe Cosi model, set at £930,930.
The valuation wa5 carried out by an exlemal valuer, Kem51ey LLP on 13 September 2022. The Trnsrees agrte the
value will not have changed between 3 l De¢¢tnber 2024 and tbe date of this valuation.
13.
STOCKS
2024
2023
Stocks
3.882
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debiors
Acctued income
Prepayments
800
20,293
6,925
10.407
5,584
28.018
Is.
CREDITORS: AMOUNTS FALLINC DUE WITHIN ONE YEAR
2024
2023
Bat￿ loans (see note 171
Trade creditors
Social security and otber ￿YeS
Oiher creditors
Accruals
21.728
9.866
3,416
613
20,287
1,857
3.326
547
7,828
49,280
33,845
Page 28
¢ontinu¢d...

SALTO GYMNASTICS CHARITABLE FOUNDATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
for the Year Ended 31 DECEMBER 2024
16.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE TIIAN ONE YEAR
2024
2023
Bank loans (see note 17}
410,733
432.455
17.
LOATrIS
2024
2023
Bank loans: Mortgagt
Repayable by insthlments
Less than l year
21,728
20.287
1-5 years
More than 5 years
103.507
307,226
96,636
335.819
410.733
432 455
18.
LEASING AGREEMENTS
Minimum l¢ase payrnents Lmder non-cancellable operating leases fall due as follows..
2024
2023
Within olle year
Within two to five years
2,290
8,436
3,006
10,726
3.006
19.
SECURED DEBTS
The following secured debts are illcluded within credi￿r$..
2024
2023
Bank loans
452,742
The mortgage loan is se¢ured against the property in which it relates.
Page 29
continued...

SALTO Gy￿(NASTIcs CHARITABLE FOUNDATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- contitllled
for the Year F.nded 31 DECEMBER 2024
20.
MOVEMENT IN FUNDS
Nei
movement
in funds
Transfers
between
fimds
At
31.12.24
At 1.1.24
Ullrestricted fMDds
General fund
Designated revaluation ￿lld
Propety fund
81.835
959.070
488,170
18.466
(18,6171
81,684
959,070
506,787
18,617
1,529,075
18.466
1,547.541
Restricted fund$
Re5tricied
3.941
{3.9411
Bedfordshire and Lut¢)n Conllnunity
Foundation
3.959
3.959
Sports England
15,0(K)
15,000
Birkdale Trust for Hearing Impaired
821
(73}
748
Arnold Clarke
1.000
{I,000}
19,707
TOTAL FUNDS
1,534,837
32.411
1567,248
Page 30
Continued...

SALTO GYMNASTICS CHARITABLE FOUNDATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2024
20.
MOVEMEf4T IN FUNDS- ¢oDtinlled
Net tnovement in ￿nds, included in the above are as follows..
Ineoming
resources
Resources
expended
Movement
in fvnds
Unrestrieted funds
General fuTJd
647.850
1629,384)
18,466
Re$tri¢ted funds
Restricted
1,500
15,441)
{3.9411
Bedfordshire and Luion Community
Foundation
3.959
3,959
Sports England
15.000
15,000
Birkdale Trust for Hearing Impaired
{731
(731
Arnold Clarke
11,0001
{I,0001
Wixamtr¢e Trust
10,o(M)
{10,0001
The Bruce Wake Foundatkon
2.500
12,5001
The Gosling Foundatio
20.0(K)
20,0001
52.959
39,014
13,945
TOTAL FUNDS
700,809
668,3981
32.411
Page31
continued..

SALTO GYMNASTICS CHAIUTABLE FOUNDATION
LIMITED
NOTES TO TIIE FIN￿￿CIAL STATEMENTS - eontlDued
for the Year Ended 31 DECEMBER 2024
20.
MOVEMENT IN FUNDS - eontillued
Comparatives for movement in funds
Net
movernent
in funds
I'ransfers
berween
funds
At
31.12.23
At 1.1.23
Unrestricted fulld$
General fund
Designated revaluation fi￿d
Property fund
23,884
959,070
470 856
75,265
117,3141
81,835
959,070
488,170
1,453.810
75265
1,529,075
Restricted funds
Restricted
3,941
3.941
Sport5 England
8.000
(8,0001
Bally Thomas Chan'table Fund
1,000
(1,0001
Sport England Rewrn to Play Community
Asset Fund
27,137
(27.1371
Tes¢0 Bags of Help
563
(5631
Birkdale Trust for H&qring Impaired
868
147)
821
Arnold Clarke
1,000
1.000
Moto Foundation I CVC Foundation
320
{3201
Santa Barabara Heights
1,000
{I,000}
Brit15h Gymnastics
5,000
15.000}
Postcode Society Tn]st
25.000
125.000}
Wixamtree Trust
5,000
15,000)
The Bruce Wake Foundation
3.000
{3,000)
Powenng Up- Power to C[￿lge
4.000
14,000)
David Solomans Charitable Trust
500
500)
86.329
80.567
TOTAL FUNDS
1.540.139
1.534,837
Page 32
continued...

SALTO GYMNASTICS CHARITABLE FOUNDATION
LIIMITED
NOTES TO THE FINANCIAL STATEMENTS- eontinued
for the Year Ended 31 DECEMBER 2024
20.
MOVEMENT IN FUNDS- eontinued
Comparative net movement in fLmds. included the aix)ve are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
523,500
(4482351
75.265
Restricted fllDd$
Bedford8hire and Lulon CornML￿1ty
Foundation
10.000
iio,0001
Sports England
18,0001
Is,000)
Baily Thornas Charitable Fund
11.0001
11,000)
Sport Eng7land Rewm to Play Community
Asset FLthd
(27.1371
(27,137)
Tesco Bags of Help
{5631
{563)
Birkdale Trnst for Hearing Impaired
{471
(47)
Moto Foundation I CVC Foundation
1320)
1320)
Santa Bardbara Heights
(i.(x)o}
11,000)
British Gymnasiics
(5.000)
15,000)
Postcode Society Trust
{25.(K)O)
{25,000)
Wixamtree Tn]si
(5,000)
15,0001
The Bruce Wake Foundation
(3,000)
13,0001
Powering Up - Power to Change
4,000
(8,000)
14,000)
David Solotnalls Charitable Tn￿1
(500)
15001
Garfield Weston Foundation
10,o(x)
10,(x)o)
24.000
80.567
TOTAL FUNDS
547,5(X)
1552,802)
5.3021
Page 33
continued...

SALTO GITrqNASTICS CHARITABLE Fouf4DATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS - ¢ontinlled
for ihe Year Ended 31 DECEMBER 2024
20.
MOVEMEf4T ITr1 FUNDS - ¢oDtiDlled
A Cl￿reAt year 12 months and prior yeaT 12 months combined position is as follows..
Nei
tnovement
in funds
Transfers
between
fi￿dS
At
31.12.24
At 1.1.23
Unrestrieted funds
General fund
Designated revaluaiion fund
Property fuTJd
23,884
959,070
470,856
93.731
(35,931)
81,684
959,070
506,787
1.453.810
93.731
1,547.541
Restricted funds
Restricted
3.941
(3.9411
Bedfordshire and Luton CoDllxLunity
Foundation
3.959
3,959
Sports England
8,000
7.000
15,0(M)
Bally Thomas Charitable Fund
1,000
{i.000}
Sport England Rewm io Play Cornmunity
Asset Fund
27,137
{27.137}
Tesco Bags of Help
563
{563)
Birkdale Trust for Hearing Impaired
868
{120)
748
Arnold Clarke
.000
11,o(x))
Moto Foundation I CVC Founda¢ion
320
1320)
Sania Barabara Heightg
1,000
11,0001
Briiish Gyrnnastics
5.000
15,0001
Postcode Society Tnbsi
25.0(Y)
125,0001
Wixarntree Trust
5.000
15,0001
The Bruce Wake Foundation
3,000
13,0001
Powering Up- Power to Change
4,0(X)
(4.000)
David Solomans Charitable Trust
5(X)
500)
86.329
66,622
19,707
TOTAL FUNDS
1.540,139
27.109
1.567.248
Page 34
continued...

SALTO GYMNASTICS CHARIT ABLE FOUF4DATION
LIMITED
NOTES TO THE FINANCIAL STATEMETriTS- ¢ODtinued
for the Year Ended 31 DECEMBER 2024
20.
MOVEMENT IN FUTrIDS- eontinued
A current year 12 rnonths and prior year 12 months combined net tnovement in funds, included in the above are
as follows:
Incoming
resources
Resource%
expended
Movement
it) funds
Unrestrieted funds
General fund
1,171.350
{1.077,619)
93,731
Restrieted funds
Restricted
1,500
15,441)
13,9411
Bedfordshire and Luton Community
Foundation
Sports England
13,959
(10,000}
3.959
15.(X)O
18,000)
7.000
Bally Tho￿a$ Charitable Fund
11,000}
(1.0001
Sport England Retum to Play Community
Asset Fund
(27,137)
127,1371
Tesco Bags of Help
1563)
15631
Birkdale Trust for Hearing Impaired
1120)
(1201
Arnold Clarke
11,000)
{i.0001
Moto Foundation / CVC Foundation
1320)
(3201
Santa Barabara Heights
11,000)
{i.0001
British Gy￿￿￿StiCS
15,000)
{5.0001
Postcode Society Trust
(25,000)
(25,0001
WixaTntree Trust
10.000
115,000)
(5.0001
The Bruce Wake Foundation
2.500
15,500)
13.000)
Powering Up- Power to Change
4,000
18,000)
(4,000)
David Solomajjs Charitable TTUSI
1500)
(5001
Garfield Weston Foundation
10,000
(10,000)
Th¢ Gosling Foundation
20,000
20,000)
76.959
143.581
66,622
TOTAL FUNDS
1,248,309
{1.221,200)
27,109
Page 35
continued...

SALTO GYMNASTICS CHARITABLE FOUNDATION
LIMITED
NOTES TO THE FINANCIAL STATEMENTS- contsllued
for the Year Ended 31 DECEMBER 2024
20.
MOVEMENT IN FUNDS - eontinued
reakdown of Restrieted Ineome
onEn
land
RefurbishmenÈ work foi sliding doors
Birkdale Trust for Hearin
Im
aired
Funding to improve ac¢essibility to SALTO Cenire for those with hearing impairment
Arnold ClaTke
To top up the Birkdale Trust for Hearing Impaired Funding
The Goslin
Foundation
Contribution towards refurbishing the facilities to improve accessibility to positive opportunities
and physical activities for young disadvantaged people of Luton
Wixamtree Trust
Funding Coaches trainsng course and Internei Mesh System
The Bruce Wake Foundation
Refurbishment project
Bedfordshire and Luion Communi
Foundation
Towards dsgitalising Salto by investing on Computerg and Tableis
21.
RELATED PARTY DISCLOSURES
Note 9 10 the Financial Ststements provides derails of rruste¢ remuneration and expenses paid in the year and
previous year.
22.
ULTIMATE CONTROLLING PARTY
The ¢haritsble company's ultirnate controlling party is the Board of Trustees.
23.
COMPANY LIMITED BY GUARAf4TEE
The ¢ompany is limited by guarantee and has t)0 share capital.
Every member of the cotnpany undertakes to contribute io the assets of the company. in the event of winding up.
such an amount as may be required noi exceeding £1.
Page 36

SALTO GYMNASTICS CHARITABLE FOUTrIDATIOIY
LIMITED
DETAILED STATEMENT OF FIIYANCIAL ACTIVITIES
for tbe Year EDd¢d 31 DECEMBER 2024
2024
2023
INCOME AND ENDOWMEf4TS
Gr4nts Bursaries, Fundraising y Donations and GiftAid
Donations
Grants
Gift aid
2.089
77,959
1,516
24,000
18.370
96.382
43,886
Investment Income
Dq)osil account interest
674
382
Charitable aetivitles
Subscriptions
Gym Hire
Badges
Play gym
Competition fees
413.992
70.730
3.524
50.287
25.522
354,536
59,188
5,018
47.387
564,055
478,823
Trading ineome
M¢rchandi5e
Coffee Bar Sales
Insurance claim proceeds
Other Income
2.754
22.972
13,732
240
4,284
10,(106
8,669
39,698
Total incoming r¢sollree8
700,809
547.500
EXPENDITURE
Other trading aetivities
Subsidiary loan written off
Clothing for sale5
Coffee bar
Badg¢s, Chalk. Certificates, and Trophies
4.469
8.754
8.196
5,443
5.947
12.198
956
19,101
26,862
Charitable activities
Wages
Social security
Pensions
Hire of plant and machinery
Staff training and other cosi
Rates and water
ca￿led forward
317.708
3.353
2.956
5.550
10.554
4.062
344,183
254,392
4,454
2,508
1,361
5,727
2.873
271.315
This page d¢)es not forni part of the statutory financial sthtemenrs
Page 37

SALTO CYMNASTICS CHARITABLE FOUNDATION
LIMITED
DETAtLED STATEMENT OF FINANCLIL ACTIVITIES
for the Year Ellded 31 DECEMBER 2024
2024
2023
Charitable a¢tlVRties
Brought fO￿ard
Insurance
Light and heat
Telephon¢
Postage and stationery
Advertising
Sundrie8
Subscriptions and lieences
Trdvel and subsist¢t)c¢
Repairs and renewals
Cleaning and w&%te disposal
Compuier cost
Competition fees
ImprovemenL% to property
Plant and rnachinery
Fixtures and fittit)gs
Computer 4uipment
Ex-grdtia payment
344,183
2,013
29,253
3,701
1.402
944
2.610
11,527
4,732
73,546
36.602
8,322
9,966
1,664
13.986
414
847
271,315
5,112
26,554
3,546
1,193
377
2,355
14,519
3.910
43,056
28,359
8,705
1,664
11,383
553
494
545.712
438,095
Support Costs
Management costs
Health and safety
Legal and professional fees
Consultancy
Independent exaTniners' fees- non assurance
Independent examiners, fees
Independent examiners, fees- payroll costs
5.868
5.760
40.766
8,084
1,512
6,892
1,740
9.299
23,632
4,025
1,260
6,264
68,882
46.220
Finance
Bank char¥es
4,136
9,756
Finallee costs
Bank loan iniere5t
30.567
31.869
Total resources expended
668.398
552 802
Net in¢omel(expellditvre)
32.411
5,302)
This page does TJOI forni part of the stslutory flnancial statements
Page 38