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 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| Page 21 ## **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| Page 22