2025-03-31-accounts

Coiiipaiiy registi'ation iiumbei.: 05377721 Cl)ai'ity iegisti'ation iiiiinbci.: l 110865 MK Springers (A compaiiy limited by guarantee Annual Repoi't and Fiiiancial Statenients for the YeaL' Ended 31 Mai'cli 2025 Michael J Emei'y & Co Limited 22 St. John Stt'eet Newpoi't Pagnell Buckinghamshii'e MK16 8HJ

MK Springers

Contents

Reference and Administrative Details	1
Trustees' Report	2 to 5
Statement of Trustees' Responsibilities	6
Independent Examiner's Report	7
Statement of Financial Activities	8 to 9
Balance Sheet	10
Statement of Cash Flows	11
Notes to the Financial Statements	12 to 20
Detailed Statement of Financial Activities	21 to 22

MK Spi'ingers Refei"ence and Administrative Details Ti'ustees MI. BM Walkei. MI. DR Ayers MI" AC Moore Senioi" Management Team Mr A C Moore Mr D R Ayei's Mi" B M Walker Pi'incipal Office 13 Pheasant Di-ive Lowestoft NR32 5DY Compaiiy Registi-Ation Nuinbei. 05377721 Charity Registi'ation Nuinber 1110865 Solicitoi's Macintyi'e Law 82-84 Higli Sts-eet Stoiiy Sts'atfoi'd Miltoii Keynes Biickingliaiiishii'e MKII IAH Baiikers Bai'clays Bai]k plc 9 Higli Stt'eet Stony Stt'atfoi-d Milton Ke￿leS Biickingliamsliii'e MKII IAA Indepeiideiit Examiner Michael J Emery & Co Limited 22 St. Joliii Sti'eet Ne￿pOrt Pagnell Buckingliamshii'e MK16 8HJ Page I

MK Spi"ingei"s Ti"ustees' Report Tlie Ii-uslees, who ale dii'ectors for the purposes of coii)pany law, pi-esenl tlie annual i'eporl togeiliei. willi the financial stateinents of tlie chai'ilable conipany foi- Ilie ye￿. elided 31 Mai'ch 2025. Ti'ustees Mr BM Walker MI. DR Ayeis MI. AC Mooi'e Objectives aiid activities ObjÉels aiid niiiis Tlie cliai-ity ainis to pi'omote eoirnnuiiity pai'licipalion in liealihy i'ecreation by pioviding gyirn)astics facilitie5, pai'liciilarly foi- youiig people aiid those wlio iiiay otliei-wise face bairiers to pai'ticipation in Milton Iceynes. Tlie objeetive is to impi-ove pliysical wellbeiiig, confidence, and quality of life tlll'ough accessible aiid incliisive gYn￿astIcS oppoi-luiiities. Piiblic beiiefil MK Spi'iiigei's coiitinues to delivei. cleai. public beiiefit thi'ougli tlie advaiicement of amateut. gYn￿aSticS and the pi'oniotion of pliysieal wellbeing, inclusion, and personal development foi. cliildi'eii and youiig people. Dui'ing tlie yeai., tlie cliarity supported appl'oximately 800 childi-eii atteiiding weekly structui'ed gyinnastics classes, alongside hundi'eds of pai-enls aiid carei's wlio i'egulai'ly attend drop-in sessioiis tliroughout the moiitli. Wliile ovei'all membei'sl)ip numbei's reinaiiied bi'oadly stable, the cliai'ity niaiiitained stt'oiig eiigagenieiit and consisteiit demaT]d foi. ils services. Key activities dui'iiig the yeai. included.. Delivering stivctui-ed gynmastics prog17mmes focused on core gymnastlcs development, following a stt'ategic decisioii to i-emove tlie tumbliiig prooi'ainme, wliicli previoiisly siipported iieaL'ly l 00 gyiwiasls. Tliis decision was takeii due to tlie specialist qualifications required, difficulties ieci'uiting siiitably experieiiced staff, and tl)e ti'ustees, coi]]niitnient to maiiitaining safe, liigh-quality PL'ovision witlJin the cliarity's ai-eas of expeitise. Continuing to i'un the Holiday Activities and Food (HAF) programme, pi'oviding free gymnasties sessions and liot meals dui'ing school holidays. Tliis enabled cliildi'en fi-oin disadvantaged baclcgi'ounds to aceess pliysical activity, social intet'action, and iiuti'itious food during pei-iods when oppoitunities al-e often liillited. Offering oiiooing SEN-exclusive gym hire, providing a safe, supportive envll'onment for cliildi'eii with additional needs to access physical play ¢lnd niovenient in a setting tailored 8pecifically to tliein. Supporting families tlll-oiigli Ofsted_registei-ed cliildcare pi'ovision, enabling pai'ents to reduce costs tlll'oiigli cliildeare vouchei3 and goveiilnient scheines. Siippoi't levels i-emained consistent witli the previous year. In addition, tlie chai'ity i-ents IinLised liall time to a local cheei-leading club, which is also community-focused. This pai'tnei'ship niakes effeelive use of tlie facility, generates additional inconie, and inci'eases oppoi'tLinities for local children to remain active. The li-ustees confiiiii that they liave coinplied with tlie i'equii-ements of section 17 of Ilie Chai'ities Aet 201 I, Iiaving due regai'd to tlie public benefit guidance piiblished by the Chai'ity Cominissioii foi- Eiigland and Wales. Page 2

MK Spi"ingei's Trustees, Report Tlie tl'LlStees coiifii'in t]iat they liave complied with the i'equiL'enienls of section 17 of tlie Cliai'ities Act 2011 lo have diie regai'd to tlie piiblic benefit guidaiice publislied by the CliaL'ity Coinmission foi. England aiid Wales. Use of voliiiiteei's TSie cliai.ity contiiiue5 to engage voluiiteei%, pt'iniai-ily i-eci"uited thi'ough its conununity netwoi'k. Wliile volunteer nuiiibei's liave i'educed sliglitly Il)is yeai., this has been offset by ali iiici'ease in paid juniot. staff, witli tlie cliarity now supporting arouiid 20 staff ineinbet3 Ilu-oiigli ti'ainiiig, qualificatioiis, and eai-ly careei. developineiit i)atliways within gynuiastics. Sti'uctui'e* govei-JiAnce and Ill2Jiageinent Nutiii'e ofgoiJei'iJiiig doeiiiiieiil MK Spi'ingei's operates as a cliai'itable compaiiy liiiiited by guai'aiitee aiid is govei'ned by ils deed of tt-ust. This slructui-e ensui'es coinpliaiice wi151 legal aiid i'egulatol'y requii'eineiits aiid pi'ovides a i'obust fi'aniework for goveinance and accoiinlability. Reci'iiifiiiÉitl aiid iippoiiiliiieiit of li-iistees Ti-ustees al'e identified tI￿Oug11 the chai'ity's netwoi'ks and assessed by tlie boai'd to eiisui-e tliey bl'ing appi'opi'iate skills, expeL'ience, and aligm]]eiit with the cliarity's objectives. Neiv ti'ustees receive an induction and ongoiiig suppoit to eiiable effective participation in govei'iiaiice and sti'ategic ovei-siglit. Aii'aiigeiiieiilsfoi. selliiig keji iiiaiiageiiieiilpei'soiiiiel i'ei•iiiiiei'ulioii Ti'ustees seive on a voluntary basis and receive no i'einuneixtion. Salaries foi. key Liianageinent and opeiatioiial staff al'e set ivitli i'egai'd to affoi-dability, sectoj. benclunarks, and the cliai'ity's fiii¢qncial position, ensui'ing faii'ness wliile supportiiig staff retention and sei'vice quality. Orgaiiisalioncil sli'iictiii'e Tlie trustees provide sti'ategic dii'eetion and ovei'siglit. Day-to-day operations al'e manlcged by the Senior Inanagement teani, suppoi-ted by coaching and opei'atioiial staff wlio deliver programmes directly to beneficiai'ies. This strLlCtiire allows die charity to i'emaiii i'esponsive wliile maiiitaining appi'opi'iate governance controls. Page 3

MK Spi'ingei's Trustees, Repoi"t Majoi, i'isl(s ciiid iiiaii(IgeJiigiif of tliose i'isl(s Fiiiupicial SLislaiiiability Tlie chai'ity's fiiiancial posilioii has i'einaiiied stable dui'ints the yeai., witli income levels conipai'able to or sliglitly highet. tliaii tlie pi'evious year, despite nieiiibei'sliip gi'owth being liiiiited. Iiivestinent 5ias been L'equit'ed in new eqiiipinent and opei'atioiial iinpi'ovements, and tlie tlliStees coiitiniie lo nionitoi. resei'ves Cai'eflllly lo eiisui'e i-esilieiice agaiiist futtii'e cliallenges. Eiieig)) Cosls Tlie chai'ity successfully seciii'ed a mol'e favoui'able enei'gy contt'act, i'esulting iii i'edueed Costs compai'ed to tlie pi'evious yeai.. However, eiiei'gy i-einaii)s a sigiiificant expense, aiid tlie buildiiig's ability to relaiii heat is limited. The trustees i'ecognise the iieed to exploi'e longei'_tei-iii solutioiis to inipi'ove efyiciency. Facility MtllP7teTlCli?ee Facility maiiageineiil has been a significaiit risk area Iliis yeai.. Tlie cliai'ity expei"ienced multiple Joof leaks and a majoi. flood caused by sevete iveatl?ei' aiid the poor condition of tlie i'oof. This resiilted in damage to equipnieiit, electi-onics, paperwoi'k, eeiling tiles, aiid intei'ioi. finishes. Repaii's l)ave beeii uiideitakeii, but tlie tt-ustees I'ecogiiise that fui-thei. iiiveslment will be i'equii-ed aiid al'e budgeting aeeoi'diiigly. Siciffing aiid Skills RecL'uitineiit and reteiition of expei'ieiieed coachiiig staff lias been challeiiging, pai-liculai'ly as the cliai'ity scales its operations. Tlie ti'ustees have respoiided by investiiig iii intei'iial traiiiiiig, qiialificatioiis, aiid clearer developiiient pathways, and will coiitinue to i'evicw how roles can be iiiade inoi'e attractive aiid sustaiiiable. SL7fegLlClI'diiig Safeguai'ding i'eniaiiis a prioi'ity. The chai'ity uudenveiit ai) Ofsted iiispection duriIig the year, witl) positive outcomes aiid no safeguai'diiig concerns identifLed. Policies and pi'ocedui'es coiitiiiue to be i'eviewed regulai'ly. Achievements and pei'formaiice Fiilancial i'eview Policy oil i'esei'ijes Wliile the cliai-ity does not opei'ate a formal i-esei'ves policy, tlie ts'ustees aiin lo maiiilain sufficient tesei'ves lo support opei'ational stability and i'espond to unexpected events. Inci'easing i'esei'ves is a Icey objective for tlie coilling yeai.. Piiiicipalfiiiidiiig soiii'ces Incoine contiiiues to be geneL'ated pi'imarily tkn'ough inenibei'sl)ip fees, facility hii'e, and grant-funded progi'ammes such as HAF. The chai'ity does not i'ely on loans or overdi'afts and Inaintains pi-udent financial manageillent. Page 4

MK Springei"s Ti"ustees' Report ri inancial insti'uments Objectives uiidpolicies MK Springers employs sound financial inanagemeiit practices to ensui'e stability and sustainability. Tlie key financial insli-unieiils and I'islc Inaiiagement sti'ategies include: Casli floiv i'isk Casli flow i'isk is managed tlirougli sti'uctiii'ed payment systems. Credil i'isk Credit i'isk remains low due to conts'olled payment collection. Liqiiidity risk Liquidity risk is monitoi'ed tlll'ougli budgeting and foi-ecastiiig Plalls for future periods Aiiiis aiid kÈy objeclivesfoi'fiiliiiepei'iods Tlie trustees, piiorities for the coming yeai. include.. Facility upgrades and i'einvestment, including equipment, brandiiig, and ovei'all pi'esentation. to impi'ove the gYn￿aSt and i)ai'ent experience. Staff development and reci'uitmeiit, willi a focus on retaining skilled coaches and suppoi'ting long-teiTh cai'eei. pathways. Maintaining or modestly inci-easing membership, supported by improved facilities and prO￿.amMe quality. Enhancing session quality and ovei-all expei-ience, ensuring tlie cliai-ity continues to delivei- safe, engaging, and high-quality gymnastics pi'ovision Trustee Appreciation Tlie trustees would like to thank tlie staff, volunteers. partner oi'ganisations, and fainilies for their continued support and commitinent. Their contsibution has been centi'al to sustaining tlie chai'ity tlll'ougli a challenging but constructive year. With careful planning, tai'geted investment, and a continued focus on quality and inclusion, MIC Springers i-emains well positioned to seive the local community ir) the years ahead. The annual repoit was approved by the trustees of tlie cliai'ity on 23 December 2025 and signed on its behalf by: SIGNED SECURELY 0710112026 al 6.'51..48 PM UT Mr BM Walker Ti'iistee Page 5

MK Spi'ingei's Statement of Ti"ustees' Responsibilities Tlie trustees (wlio are also the dii-ectoi's of MK Spriiigers for the pui'poses of coinpany law) al-e responsible for pi'ei)aring the trustees, i'epoit and tlie financial staten]ents in accordance witli the United Kingdoin Accounting Standai'ds (United Kingdom Generally Accepted Accounting Practice) and applicable law and i-egulations. Conipany law requii'es Ilie trustees to prcpai'e financial stateinents for eacli financial year. Under con)pany law the trustees inust not approve tlie fiiiaiicial sttiteinenls unless tliey al-e sati8fied that tliey give a ti'ue and fair view of the slate of affairs of tlie ehai-itable compaiiy aiid of ils incomiiig i'esoui'ces aiid applicatioii of iesoui'ces, includiiig its inconie and expeiiditui'e, for tliat pei'iod. Iii pi'eparing these fLnaiicial stateinenls, Ilie ts'ustees al'e i'equired to.. select suitable accounting policies aiid apply tliem coiisi8teiitly' obseive tlie methods and pi'ineiples in tlie Charities SORP. make judgements and estimates tliat al'e i-easonable aiid pi'udent. slate whether applicable UK Accountiiig Staiidards have been followed, subject to any niatei'ial depai'lui'es disclosed and explained in the fiiiancial statements; and prepare the fiiiancial statements on tlie going conceill basis unless it is inappi'opi'iate to presume that tlie chai'itable company will contiiiue iii business. Tlie trustees aL'e i'esponsible foi. keeping adequate accounting i-ecoi-ds tliat are sufficient to show and explain tlie cliaritable company's ts'ansactions and disclose with i'easoiiable accui'acy at any linie the financial i)osilioii of tlie chai'itable company and eiiable tliein to eiisure that the finaiicial statements comi)ly with the Companies Act 2006. Tliey al'e also i'esponsible foi. safeguai'diiig the assets of tlie eliarilable coiiipany and heiice foi. taking i'easonable steps for the pi'evention and detectioii of fraud and otliei. in'egularities. Appi'oved by tlie trustees of tile ehaiity 01123 Decembei. 2025 and signed on its belialf by: SIGNED SECURELY 0710112026 ai 6.'51.'48 PM VTC Mr BM Walker Ti'ustee Page 6

MK Spi"ingei"s Illdependent li xaininer's Repoi't to the tR'UStees of MK SpR"ingei's I i'cport to Ilie cl)ai'ily Iruslees on Iny exaininalioii of tlie accounts of tlie chai'ity foi. tlie yeai. ended 31 Mai-ch 2025 which are set oiit on i)ages 8 to 20. Respective i'espoilsibilities of ti'ustees and ex8111iiiei' As tlie chai'ity's trustees of MK Spi'ingei's (aiid also its dii'ectoi's for tlie purposes of eoinpaiiy law) you are i'espoiisible for Il)e pi'epai'atioii of Ilie accounts iii accordaiice witl) the i'equii-enients of tlie Con)paiiies Act 2006 ('tlie 2006 Act,). Having satisfied Inyself that 11)e accounts of MK Spi'ingei's al-e not i'equii'ed to be audited uiidei. Pai"t 16 of tlie 2006 Act and ale eligible foi. indepeiideiit examiiiatioii, l i'epoit in respect of iiiy examii)alioii of youi cliarity's accounts as cai'i'ied out uiidei. seelion 145 of the Cliarities Act 2011 ('the 2011 Act,). Iii carryiiig out my exaiiiiiiation I Iiave followed the Dii'eclioiis given by tlie Charity Conllllission uiider section 145{5)(b) of tlie 2011 Act. liidependeiit eyamiiier S 5t2teinent Since MIC Spi'ingei's's gi'05s iiiconie exceeded £250,000 youi. exaniiner inust be a meiT)bei' of a body listed iii section 145 of the 201 l Act. I confiiin tliat l ain qualified to undei'lalce tlie exainiiiation because I ani a membei. of ICAEW, which is oiie of the listed bodies. I have ¢oini)leted iny exaniiiiation. I coiifirm that no mattel's Iiave coine to my atteiitioii in connection witli the exaniination giviiig me cause to believe.. accouiitiiig i'ecoi'ds were iiot kept in i'espect of MK Spi'iDgers as i'equii-ed by 5eetion 386 of tlie 2006 Act. or 2. tlie accounts do iiot accoi'd with those i-ecoi'ds; or 3. tlie accounts do not comply witli tlie <lccountiiig i-equii'eineiils of section 396 of the 2006 Act other tliaii aiiy i'eqiiii'enieiit tli<lt the accounts give a 'lrue 1< nd fair view, wliich is not IL niatter considei'ed as part of ali iiidependeiit examination. oi- 4. the accounts liave not beeii pi'epai'ed in accordance witl) tlie nietliods and pi'inciples of tlie Statenieiit of Recoinnieiided Practice foi. accounting ¢111d reporting by cliai'ities [applicable to chai'ities pi'epai'ii)g tlieir accounts in accoi'd1c lice with the Fiiiancial Repoitiiig Si¢qndai'd applicable in tlie UK aiid Republic of li'eland (FRS 102)]. I have no concei'ns and have come across no othei. matlei's in connection witli tlie examination to wliich <lttention slioiild be drawn in this Yeport in ol'der to enable a pioper uiiderstanding of tlie accounts to be i'eaclied. Michael Emeiy ACA ICAEW 22 St. Jolm Sti'eet NewpoL't Pagnell Buckinghamsl)ii'e MK16 8HJ 23 Decenibei. 2025 Page 7

MK Spft'ingei's Statement of f4inancial Activities foi" the Yeai" E4 nded 31 March 2025 (Includiiig Income aiid Expeiiditui"e Account and Statement of Total Recognised Gains and Losses) Total YeAI' ended 2025 Uni'esti"ieted runds Total 2024 Note Ineome aiid Eiidowineiits fi'oni: Doiiatioiis aiid legacies Cliai-itable activities Knveslineiit income 1,381 567,147 1,047 1,381 567,147 1,047 7,753 515,142 255 Tot<Trl Incoine 569,575 569,575 523,150 Expenditui'e on: Cliai'ilable activities {532,904) (532,904) (507,228) Total Expendilui'e 532,904) 532,904) (507,228) Net incoine 36,671 36,671 15,922 Net iiiovenient in funds 36,671 36,671 15,922 Reeoiiciliatioii of funds Total funds bi'ought foi'ivard 53,600 53,600 37,678 Total funds cari'ied forwai'd 16 90,271 90,271 UnJ-estJ'icted funds 53,600 Total 2024 Note Ineoine alid Endowineiits fJ'oi)i: Donations aiid legacies Charitable activities liiveslment iiicome 7,753 515,142 255 7,753 515,142 255 Total Income 523,150 523,150 Expeiiditui'e oil: Chai'ilable activities (507,228) (507,228) Total Expenditui'e {507,228) (507,228) Net incoine 15,922 15,922 Net Iiiovenienl in funds 15,922 15,922 Reconciliatioi) of funds Total funds bi-ouoht foi'ward 37,678 37,678 Total fLiiids cai-i-ied foiivard 53,600 53,600 Page 8

MK Spi'ingei's Statement of f4 inancial Activities foi. the Year Ei nded 31 Mai'eh 2025 (Includiiig Income and Expeiiditui"e Aeeoiint and Statemeiit of Total Reeognised Gains and Losses) All of tlie cliai'ity's activities dei'ive fi'oiii coiitinuing opei'atlOLiS dui'ing tlie above two pei'iods. Tlie funds breakdown for 2024 is shown iii note 16. Page 9

MK Springei's (Registi"Iition numbei": 05377721) BaIance Sheet as at 31 Mai'ch 2025 2025 2024 Note Fixed assets Taiigible assets io 28,951 22,854 Cui'rent assets Stocks Debtors Casli at bank aiid in hand 4,684 42,286 35,493 12 41,939 72,457 114,396 82,463 Creditors: Ainounts falling due witliiii one year 13 53,077) 51,717) Net eui'i'ent assets 61,319 30,746 Net assets 90,270 53,600 Funds of tlie cliarity: Uni'estricted incoine funds Ul￿estrICted fuiids 90,271 53.600 Total funds 16 90,271 53,600 Foi. tlie fiiianeial yeai- ending 31 Mai'ch 2025 the charity was entitled to exemption from audit under section 477 of the CompLl11ies Act 2006 I'elating to sinall conipanies. Directors, responsibilities.. The members have not required the chai'ity to obtain an audit of its accounts for the year in question iii aceoi'dance with section 476,. and Tlie dii'ectois aclcnowledge theii. responsibilities for complying with the i-equireinents of the Act with respect to accounting reeoi'ds and the prepai'ation of accounts. These accounts have been prepai'ed in accordance witli the pi'ovisions applicable to companies subject to the Sn￿[1 eompanies i-egime. Tlie financial statements on pages 8 to 20 were approved by the trustees, and aiithoi'ised foi. issue on 23 December 2025 and signed on their behalf by.. SIGNED SECURELY 0710112026 at 6..51'.48 PM UTC MI. BM Walkei" Trustee Page 10

MK Springei's Statement of Cash Flows foi. the Yeai. Ended 31 mai.ch 2025 2025 2024 Note Casli floivs froin opeJ'Atiiig activities Net casli iiiconie 36,671 15,922 Adjustnients to easl) floivs fi'om iioii-casli ittms Dept'ecialioii Iiiveslmeiit income 12,960 (1,047) 48,584 13,080 (255) 28,747 Woi'king cai)ital adjustnients Deci'ease iii stocks Deci'ease in debtoi's Inci'easel(decL'ease) iii crediloi's 4,684 347 1,359 12 13 167 (39,960 Net casli flows fi'om opei'ating activities 54,974 (11,046 CAsli floivs fi'oni illvesting activities Intei'est i'eceivable and similai. inconie PuL'cliase of taiigible fixed assets 1,047 (19,057) 255 (1,081 io Net cash flows fi'oni iIivestiiig activities (18,010) (826) Net inci-e<qse/(deci'ease) iii casli and cash equivalents 36,964 (11,872) 47,365 Ca81) and cash equivaleiits 11 t l April 35,493 Cash and casli equivaleiils at 31 Mai-ch 72,457 35,493 All of tl)e casli flows are dei-ived fi'oni Contiiiuiiig opei'atioiis dui'iiig the above two pei'iods. Page 11

Ml< Springei's Notes to tlie f4iiiancial Stateinents foi" the YeAI' Ei iided 31 March 2025 l Aecouiitiiig policies Geiiei'al Tlie chai'ity is established as a coiiii)any liinited by guai'anlee and was incoi'poraled iii Eiigland and Wales. Siiinmai-y of sigiiificaiit Accouiitiiig policies And key accounting estiinates Tlie i)i'iiieipal accouiitiiig policies applied li) the prepai'ation of these fiiiaiicial slaleineiits al-e set out below. These policies Iiave been coiisisteiitly applied to all the yeaiE pteseiited, uiiless otliei'wise staled. Stalemeiit of coinpliaiice Tlie fiiiancial slalenienls liave been prepai'ed in accordance willi Aceountiiig and Repor'liiig by Chai'ities.. Stateiiient of Recommeiided Pi-actice applicable lo cl)ai'ities pi'epai'ing tlieii- accounts in accoj'dance with the Fiiiaiicial Repoi'ling Standai'd applicable ii) the UIC and Republic of Ireland (FRS 102) (effective l Januai'y 2015) - (Charities SORP (FRS 102)), tlie Fiiiancial Rei)oi'ting Standc11-d applicable iii tlie UIC aiid Repiiblic of Irelaiid (FRS 102). Tliey also comply witli tlie Compaiiies Act 2006 and Cliai'ities Ael 2011. Basis of pi'epai-ation MK Si)i'ingei's ineets tlie defiiiition of a piiblic beiiefit eiitity uiidei. FRS 102. Assets and liabilities al-e initially recognised at liistoi'ical cost or ti'aiisactioii value unless othei.wise slated in tlie i'elevant accouiiliiig policy notes. Goiiig coneei'ii Tlie fiiiancial statemeiits Iiave beeii pi'epai-ed on a goiiig conceiii basis. It is tlie ts'ustees assessmeiit that tliei'e al'e iio niatei'ial uiicei'laiiities i'egai'ding tlie cliai'ity's ability to continue as going coiiceim. Tlie tr'ustees inake Iliis assessinent in i'espect of a pei'iod of one year from the date of appi'oval of tlie financial slateinents. lJicoii)e aiid eiidowineiits All inconie is i'eeoonised once tl)e eharity has ei)titlemeiit to the income, it is piobable tliat the income will be i-eceived 1< nd tlie ainount of tlie incoine i'eceivable can be measui'ed i'eliably. Doiialioiis uiid legucies Donatioiis al-e I'ecognised wlien the chai'ity has been notified in wi-lting of bolli tlie aiiioui)t and settleillent date. In the event tliat a donation is subject to conditions tliat i'eqiiii'e ii level of pei-formance by tlie cl)arity befoi'e Ilie cliai'ity is entitled to tlie ftinds, tlie inconie is defei'i'ed and not i'ecognised iintil eitliei. those conditioiis al'e fiilly met, oi. tlie fiilfilment of tliose conditions is wliolly within tlie conti'ol of tlie cl)ai'&ty and il Is Plobable tliat these conditions will be fulfilled in tlie L'epoi'ting period. Gi'aiils i'eceivable Grants are recognised wl)en tlie cliai'ity has an eiititlement to Ilie fiinds and any conditions liiiked to the gt'anls liave been inet. Wliei-e pei'foi'inance conditions al'e attaclied to the grant and al'e yet to be met. tlie incoine is i'ecogiiised as a liability and incliided on the balance slieet as deferi-ed inconie to be i-eleased. Page 12

MK Spi"inEei's Notes to the fiinajicial Statements foi. the Yeai. E4 iided 31 mai.ch 2025 I xpeiiditui'e All expenditui'e is i-ecognised once thei'e is a legal OL. cunslrllctive obligalioii lo tliat expenditui'e, il is pi-obable settleinent is i'eqLiired aiid tlie aiiioui)I can be nieasiii'ed i'eliably. All costs al'e allocated lo the applicable expenditute headiiig tliat aggi'egate siinilai- costs to tlial calegot'y. Whei'e costs cannot be di2'ectly alti"ibuted to pai'liculai. headings they liave beeii allocated on a basis consistent witli tlie use of i'e%oui'ces. All i'esoui'ces expended al'e iiicliisive of iii'ecovei'able V AT. Cliiiiiliible nelivilies Cliai-ilable expeiiditure COiT)pi'ises tliose costs iiicui'i'ed by tlie cliai'ity in Ilie delivery of its activities aiid sei'vices foi. ils beneficiaries. It includes botli costs that cali be allocated dii-ectly to sucli activities and Iliose costs of ali iiidii'ect natui'e iiecessaiy lo suppoi't tliein. Sllppoi't costs Suppoi-t costs iiielude ceiiti'al functions and have been 4illoeated to activity cost Categoi'ies oil a basis coiisislent with the use of i'esoui-ees. Govei-nxiice costs Tliese iiielude dje costs atli-ibutable to tlie chai'ity's compliaiice witli constitutional and statuloi'y requii'ements, includiiig audit, sti'ategic inanagement and h'uslees's iiieetings and reiinbursed expeiises. Irrecovet'&ble VAT li'recovei'able VAT is cl)ai'ged agaiiist the categoi'y of resources expended foi. wl)icli it was incuiTed. Taxatioii Tlie cliai-ity is considei'ed to pass the tests set out in Pai'aoi'aph I Scliedule 6 of the Finaiice Act 2010 and tlieiefoi'e it meets tlie defiiiitioii of <1 ch1< 1-it<qble COlilPlL ny for UK coi'poi'ation tax pui-poses. Accoi'dingly, the cl)<lL'ity is potentially exempt from taxatioii iii i'espect of inconie or capital gains i'eeeived witliiii categoi'ies covei'ed by Chaptei. 3 Part I I of tlie Coi'poratioii Tax Act 201 O or Section 256 of Il)e Taxation of Cliai'geable Gains Act 1992, to the exteiit that such inconie or gains al'e applied exclusively to cliai'itable puiyoses. TAiigible fixed assets Individual fixed assets al-e initially i'ecorded at cost, less any siibseqiient acciimulated depi'eciation and siibseqiient aeeLiniu11< ted imp£1irment losses. Depi'ecistioi) aiid Anioi'tis2tion Depi'eciation is pi-ovided on tangible fixed assets so as lo wi'ite off the cost or valuation, less any estimated i'e5idual value, over tlieii- expected iiseful economic life as fo51ows: Page 13

MK Spi"ingei"s Notes to tlie Fiiiancial Statements for the Yeai" nded 31 Marcli 2025 Asset class Land and buildings Depi'eciatioii iiietliod Aiid l'ate At vaiying i'ales oil cost At 33 % I'educing balance and al vai'ying rates oil eoqt Furnitui'e and eqiiipnient Stock Stock is vallied al Il)e lowei. of Cost and estiinated selling pi'ice less costs to coinplele and sell, aftei. due regai'd foi- obsolete and slow nioviiig stocks. Cost is deterniined usiiig Ilie fii'st-in, fii'st-out (FIFO) basis. TJ-2de debtoi's Ti'ade debioi's al'e ainouiils due fi'oni ciistoniers foi. i]]ei'cliaiidise sold oi. services pei'fornied iii tlie oi-diiiai'y course of biisiness. Ti'ade debtoi3 al-e recognised iiiilially at the transaction pi'ice. They al'e subsequeiitly nieasiii'ed at amoi'lised cost using the effective intei'est mediod, less provision fo). ilDpai11nent. A provi.sion foi- tlie iinpaii'ineiit of trade debtoi's is establisl)ed wheii tliei'e is objective evideiice tliat the cliaL'ity will not be able to collect all ainoiinls due according to the oi'iginal teirns of tlie i'eceivables. CAsli aiid casli equivaleiits Cash aiid cash eqiiivalents compi'ise casli on haiid and call deposits, aiid otliei. shoi't-tei'm liiglily liquid investments that are i'eadily eonvertible to a kniown aniouiit of cash aiid al'e subject to an insigiiifieaiit i-isk of change iii valiie. Tl'ade ci'editoj's Trade creditors al'e obligations to pay foi. goods oi. sei'vices tliat have beeii acquii'ed in the oi-dinai'y course of business fi'om supi)liei's. Account.$ payable al-e classified as cu11.ent liabilities if the cliai-ity does not have an uiiconditioiial l'ight, at tlie end of the reporting pei'iod, to defer settlemeiit of tlie ci'editor foi- at least twelve montlis after die reportiiig date. If tliei'e is an unconditioi)al riglit to defei. settlenient foi- at least twelve moiitlis aftei- tlie i'epoi'ling date, tliey al'e pi-esented as Iion-curteiit liabilities. Ti'ade ci'editol's <1re recognised initially at Ilie tiinsaction pi'ice aiid subsequently measui'ed at amoitised cost using the effective inteiest method. Fuiid sti'uetui'e Uw'esb'icted income funds al'e geneL'al funds tliat al-e available foi- use at tlie ti'ustees, discretion in liji'diei-ance of the objectives of the chai'ity. Page 14

MK Spi"ingeR'S Notes to the Financial Statements foi" the Yeai" Li nded 31 Mai'ch 2025 2 Iiicoine from doi)atl0115 xiid legacies Uni'esti'icted funds Total 2025 Total 2024 Geiiei-al Donatioiis aiid legacies. Fiiiidi'aisiiig aiid doiiations Graiits, iiicludiiig capital gi'ants. Govei'iiinent gi'ants 5,668 1,381 1,381 2,085 1,381 1,381 7,753 3 Iiicojne fi'oin chai'itable activities Unl'esti'icted funds Total 2025 Total 2024 Geiieral Coaehiiig and liii'e of facilities 567,147 567,147 515,142 4 liivestnient ineonie Uni'esti-icted fujids Total 2025 Total 2024 General Intei-est i'eceivable and sin]il¢ir inconie. Intei'est receivable on bank deposits 1,047 1,047 255 Page 15

MK Spi'ingei's Notes to tlie Fiiiancial Stateinents for tlie Year Ei nded 31 March 2025 5 Aiialysis of expendituj'e oi) cliai'itable activities Expeiiditui-e oil activities uiidertakeii directly Unrestricted fuiids TotAI 2025 Total 2024 Geiiei'al Wages aiid salai-ies Social secui'ity Staff peiisions Coach education a13d ti'ainiiig Hire of facilities Rates aiid watei. Light and heatiiig Insui'aiice Maiiitenance of facilities Matei'ials consuined Leotai-ds and badges Coniputei. software and maintenaiice costs Membei'sl)ip and affiliation fees Vehicle costs Ti'avel and subsistence Advei-tising 11 nd website 167,661 9.813 603 426 169,160 1,084 26,563 4,835 15,117 295 19,218 5,103 480 957 6,794 47,854 475,963 167,661 9,813 603 426 169,160 1,084 26,563 4,835 15,117 295 187,508 3,479 5,392 689 178,405 1,226 34,426 9,953 14,139 72 11,028 19,218 5,103 480 317 957 6,794 47,854 571 5,486 11,785 464,476 475,963 Governaiice aiid support costs allocated to charitable activities Uni'estricted funds TotAI 2025 Total 2024 Geiiei'al Independent Examiiiei s remunei'ation Legal fees Depreciation, amortisation and otliei. similai. costs Othei. siippoit costs 2,712 18,013 12,960 23,257 2,712 18,013 12,960 23,257 2,848 12,196 13,080 14,627 56,942 56,942 42,751 Page 16

MIC SpringeR'S Notes to the f4 inancial Statemeiits for the Yeai. Ei nded 31 Mai'ch 2025 6 Gi-Aiits Tlie aiiiount of grants i'ecognised in tlie financial stdtenienls was £1,381 (2024 £2,085). 7 Net iiiconiiiigloutgoiiig resoui'ces Net inconiiiig i'esoiii'ces foi. tlie year ii)clude: 2025 2024 Depi'ecialion of fixed assets 12,960 13,080 8 Trustees i'emullei'ation And expenses No ti'ustees liave i'eceived any reinunei'ation fi'oin Ilie cliai'ity dui-iiig the year. No ti'ustees have i'eceived any i'eimbui'sed expenses oi. aiiy othei. benefits froni tlie chai'ity dui'ing the yeai.. 9 Staff costs Tlie aggi'egate payroll costs wei'e as follows.. 2025 2024 Staff costs dui-ing the yeai. were: Wages and salaries Social secw'ity costs Pension costs 167,661 9,813 603 187,508 3,479 5,392 178,077 196,379 Tl)e iiiontl)ly avei'age number of peisoiis (including seiuoi- management team) employed by the chai'ity dui'iiig the yeai. was as follows.. 2025 No 2024 Coaching staff Admin staff 26 23 28 25 (2024 - 6) of tlie above employees participated in the Defined ContL'ibiition Pensioi) Sclieines. Page 17

MK Spi"ingei"s Notes to the f4inancial Statemeiits foi. the Year Ei nded 31 Marcli 2025 No eii)ployee i'eceived enioluineiits of r)ioi'e tlian £60,000 dui'iiig Ilie yeai.. 10 Tailgible fixed asset5 LAiid aiid buildiR)gs Fi ui'ilitui'e aiid equii)JneJit Total Cost At l Api-il 2024 Additioiis 36,353 224,694 19,057 261,047 19,057 At 31 Mai'cli 2025 36,353 243,751 280,104 Depreciatioii At l Api'il 2024 Chai'ge foi. tlie year 35,503 300 202,690 12,660 238,193 l2,960 At 31 Maicli 2025 35,803 215,350 251,153 Net book value At 31 Marcli 2025 550 28,401 28,951 At 31 Marcli 2024 850 22,004 22,854 Included witliin the iiet book value of land aiid buildings above is £Nil (2024 £Nil) iii respect of fi-eeliold land and buildings and £850 (2024 £850) in i'especl of leaseliolds. I I Stock 2025 2024 Stocks 4,684 12 Debtoi's 2025 2024 Ti-ade debtoi's Pi'epayments 780 41,506 41,939 41,939 42,286 Page 18

MK Spi"ingers Notes to tlie Financial Statements for tlie Year Ei nded 31 Mai'ch 2025 13 Ci'cditoi's: aiiioiints falliiiLF due ivitliiii oiie yeAJ- 2025 2024 Ti'ade creditors Otliei. tax¢ltion and social secui'ity Otl)ei' ci'ediloi-s Accrua15 891 7,094 6,653 2,086 42,978 45,092 53,077 51,717 14 Obligatioiis uiidei- leases and hii'e purcliase conti'aets Opei'ating lease coininitn)ents Total futui'e niiiiimum lease payiiienls iiiidei. iion-caiicellable opei'ating leases al'e as follow5- 2025 2024 LAiid aiid buildings Exi)ii'iiig witliin oiie year Expiriiig between oiie 1¢ lid five yeai's Expiriiig aftei- Inoi-e tliar) five yeai-s 169,236 507,708 282,060 169,236 507,708 451,296 959,004 1,128,240 IS Cliarity Status Tlie cliai'ity is a cliai'ity limited by guai'aiitee and consequently does iiot have share capital. Each of tlie trustees is liable to conts'ibute an amount not exceeding £5 towai'ds the assets of tlie chai-ity in the event of liquidation. Page 19

MK Spi"ingei"s INotes to the f4inancial Stateinents for the Year Elided 31 MaR'ch 2025 16 Fujids Balance At I Api'il 2024 Incon)ing 'esoui'ces Resoui'ee5 eYi)eiided Balaiice at 31 Mai-cli 2025 Uiii-e5ti'icled fuiids General 53,600 569,575 (532,904) 90,271 BxlAiice at I Api'il 2023 Iiicoming )'esource5 Re50uI-ce$ expended Balxiice at 31 Mai'ch 2024 Unresti'icted funds Genei'al 37,678 523,150 (507,228) 53,600 Tl)e specific puiyoses foi. wl)icl) the funds al'e to be applied al'e as follows.. Tlie uni'ests'icted genei'al fund can be api)lied at the diseretioii of tlie ts'usteeslnianagement foi- aiiy putyose that is iii accoi'dance witli tlie cl)arity's aims and objectives. 17 Fiiiaiicial instj'uineiits Categoi'isation of finailcial insti-umeiits 2025 2024 Fin<1ncial Ilssets Iliat are debt insti-uments ineasui'ed at ainortised cost 780 18 liidepeiident exaininer's remuiiei'ation 2025 2024 Otliei. fees to exaniinei's Exainination-i'elated assiii'ance sei'vices 2,712 2,848 19 TAxatioii Tlie cliai'ity is a i-egistei'ed ehai-ity and is thei'efoi'e exempt froin laxatioii. Page 20

MK Springers

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

Donations and legacies Appeals and donations Grants Charitable activities Sale of badges, leotards and memberships Competition entries Hire of facilities Investment income Interest on cash deposits	Year ended 2025 Unrestricted funds General £ - 1,381 1,381 Year ended 2025 Unrestricted funds General £ - 3,000 564,147 567,147 Year ended 2025 Unrestricted funds General £ 1,047 1,047	Year ended 2025 Total £ - 1,381 1,381 Year ended 2025 Total £ - 3,000 564,147 567,147 Year ended 2025 Total £ 1,047 1,047	Total 2024 £ 5,668 2,085
			7,753
			Total 2024 £ 16,282 3,105 495,755
			515,142
			Total 2024 £ 255
			255

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MK Springers

Detailed Statement of Financial Activities for the Year Ended 31 March 2025

Charitable activities Wages and salaries Staff NIC (Employers) Staff pensions (Defined contribution) Coach education and training Hire of facilities Rates and water Light, heat and power Insurance Maintenance of facilities Materials consumed Leotards and badges Computer software and maintenance costs Membership and affiliation fees Vehicle costs Travel and subsistence Advertising and website Telephone and fax Sundry expenses Printing, postage and stationery Independent examiner's fee Bookkeeping fees Legal and professional fees Bank charges Depreciation of tangible fixed assets	Year ended 2025 Unrestricted funds General £ 167,661 9,813 603 426 169,160 1,084 26,563 4,835 15,117 295 19,217 5,104 480 956 6,794 47,854 3,492 2,147 1,811 2,712 6,496 11,517 15,807 12,960 532,904	Year ended 2025 Total £ 167,661 9,813 603 426 169,160 1,084 26,563 4,835 15,117 295 19,217 5,104 480 956 6,794 47,854 3,492 2,147 1,811 2,712 6,496 11,517 15,807 12,960 532,904	Total 2024 £ 187,508 3,479 5,392 689 178,405 1,226 34,427 9,953 14,139 72 4,444 6,583 317 572 5,486 11,785 2,980 1,549 1,339 2,848 - 12,196 8,759 13,080
			507,228

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