Company number: 06501296
HUNTINGDON GYMNASTICS CLUB LIMITED
(A company limited by guarantee)
CHARITY COMMISSION REGISTERED NO. 1124674
FINANCIAL STATEMENTS
for the year ended
31 July 2024
GYMNASTICS CLUB

HUNTINGDON GYMNASTICS CLUB LIMITED
Financial Statements
for the year ended 31 July 2024
Contents
Pages
Company Information
Report of the trustees
2105
Independent examiner's report
Statement of Financial Activity
Balance Sheet
Statement of Cash Flows
Notes to the Financial Stalements
10t018

HUNTINGDON GYMNASTICS CLUB LIMITED
Company Information
Company number: 06501296
Board of Trustees I Company Directors
Mrs S Scott
Chair (Chair from 15 April 2024}
Mr T Sharpington
Chair (Chair until 15 April 20241
Mr S Davison
Mrs E Brook
Mrs Z McGowen
Mrs N Scarfe
Mrs S Scotcher
(Resigned 1 September 2024)
Other positions
Club Manager - Mr Adam Scott
Office Manager - Mrs Sue Besanl
Charity Number
1124674
Company Number
06501296
Registered office
Mayfield Road
Huntingdon
Cambridgeshire
PE29 1UL
Independent Examiner
Ken Maggs BA, FCA
Hoekman Way
Spalding
Lincs
PE113HE
Page.. I

HUNTINGDON GYMNASTICS CLUB LIMITED
Report of the trustees
for the year ended 31 July 2024
The trustees (who are represented by'the Board, throughout this report), who are also directors of the charity
for the purposes of the Companies act, have pleasure in submitting their annual report together with the
independent examination of the Charitable Company for the year ended 31 July 2024.
The trustees have adopted the provisions of Accounting and Reporting by Charities-. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) issued in 2019 in preparing the
annual report and financial statements of the charity.
Structure, governance and management
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited
by guarantee, as defined by the Companies Act 2006.
The charity was registered in April 2008 and is governed by a Memorandum and Articles of Association. The
trustees, who are also directors for the purpose of company law, and who served during the year are detailed
on the charity information on page 1 .
Recruitment and appointment of new trustees
New trustees are recruited by local advertising and by recommendation. Club members vote on the trustee
applications at the Annual General Meeting lo give a lolal of eight Iruslees on the Board. Three further
positions are co-opted by the Board according to specific skills required. The Chair is required to keep a
balance of skills and experience on the Board and to maintain a balance of parents and non-parenls.
New trustees are encouraged to familiarise themselves with charity laws, the financial reports of the Club and
to attend Club staff meeting and other events.
None of the trustees have any beneficial interest in the company. All of the trustees are members of the
company and guarantee to contribute £1 in the event of a winding up of Ihe charity.
Organisational Structure
The Board manages the business of the charity and is responsible for overseeing the strategic, financial and
legal direction of the charity. The 8oard is responsible for ensuring that all recommended financial controls
have been considered and introduced and meets at least six times per year. Trustees hold a portfolio for their
particular responsibility and are available for advice in support of various aspects of the business and welfare
of the charily. The Board is elected al the Annual General Meeting of the charity.
The Board has nominated a Management Sub-committee to manage the Charity's activities that consists of
Ihe Office Manager and the Club Manager. The Management Sub-committee meets on a monthly basis and
reports to each Board meeting including a "balanced scorecard" which includes a safety report, capacity and
waiting list review, finance report and parent feedback.
Related Parties
Transactions during the period with trustees and any other related parties are detailed in note 14 of these
financial statements.
Risk Management
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate conlrols are in place to provide reasonable assurance against fraud and any error.
Page.. 2

HUNTINGDON GYMNASTICS CLUB LIMITED
Report of the trustees (continued)
for the year ended 31 July 2024
Objectives and activities and Public Benefit
The main objective of the charity is the promotion of community participation in healthy recreation for the
benefits of the inhabitant of Huntingdon and the surrounding area by the provision of facilities for the sport of
gymnastics and any other charitable activities.
The trustees are highly conscious of the need to provide the best possible public benefit in line with Charity
Commission guidance and consider that the charity does this.
The charity has undertaken the activities described in the sections below during the year to implement these
objects in line with our current development palh. These activities also provides support for the public benefits
that the charity delivers.
Overview
At the start of September 2023, the charity implemented fee increases across the club's gymnastics
programmes to ensure the charity remained financially viable. This increase was necessitated by the result of
high inflation on utility bills and the increases to minimum wage. Throughout the year club memberships
remained close to capacity.
The focus for the 2023-24 financial year was to continue the development of the club's coaching team,
prDviding formal education courses, and mentoring from senior members of staff, enabling the club to
continue to deliver 'high quality, CDaching and provide value for money for the local community.
A secondary focus was to provide opportunities for members across the club to compete in competitions
appropriate to their level of performance, from in-house club competitions through to representing their
respective countries internationally.
Provision of community participation in health recreation
The Charity's participalion programme continued to be popular with high levels of engagement from the local
community.
The Charity continues to provide gymnastics provision for a wide variely of age groups and levels including
toddler's sessions, pre-school classes, participation classes, teenage specific classes and adult sessions,
together with ladies, specific sessions. The Charity also continues to work closely with adull disability groups
and special educational needs providers, as well as engaging with parent's who home educate their children.
In March 2024, 317 gymnasts from the club's participation programme took part within the club's Future Stars
competition.
Provision of facilities for the sport of gymnastics
The Charity continues to maintain the building and specialist gyrnnastics equipment to a high standard.
The Charity is committed to provide the best equipment possible for all users of the facilities. The Charity
continues to explore funding to invest in upgrading gymnastic equipment and the facilities.
Recruitment and Retention of the club's coaching workforce
As a response to the continuing nationwide shortage of qualified gymnastics coaches, Huntingdon Gymnastics
Club continues to deliver it's Young Trainee Coach programme. This programme allows former gymnasts
aged 14 to 16 years to take their first steps in gymnastics coaching. The programme has benefited from
financial grants for the Foundation of Hinchingbrooke School, enabling the members of the programme to
qualify as gymnastlcs Coaches. The Charity has plans to recruit another 5 young people to these posts in
2024125.
The Charity operates an apprenticeship programme in association with FitUK.
Page.. 3

HUNTINGDON GYMNASTICS CLUB LIMITED
Report of the trustees (continued)
for the year ended 31 July 2024
Providing a full service for elite and aspiring elite performers
During this year, the club's gymnasts com peted nationally and internationally. With the club gaining its fsrst
World Champion and adding another Olympic Medal to the club's collection.
At the European Youth Olympics Festival in August 2023, Sol Scott won Bronze on the vault and Gold as a
member of the Great British Team.
In October 2023, Jake Jarman became the first gymnast from Huntingdon Gymnastics Club to become a
World Champion, winning gold on the Vault in the Championships at Antwerp.
At the European Championships in Rimini, Italy, Jake Jarman became European Champion on Vault and won
Silver in the Team competition. In the Junior European Championships, Huntingdon Gymnasts Sol Scott and
Uzair Chowdhury became European Champions on Vault and Parallel Bars respectively and both won gold as
members of the British Team.
Al the 2024 Olympic Games in Paris, Jake Jarman won an Olympic Bronze on the Floor.
At the 2024 British Championships, Gymnasts from Huntingdon becoming British Champions on 7 pieces of
apparatus Jake Jarman {Floor, Vault and Horizontal Barl, Sol Scott {U18 Vault and Horizontal Bar}. Uzair
Chowdhury IU16 Vault and Horizontal Bar). These performances were backed up by younger member's of
the club's Men's Artistic performance gymnasts competing well at British, English, Irish Championships and
National Grades.
The Women's Artistic gymnasts Performance programme continues to build with the club's first representation
at the British Championships since 2019, with strong performances at National, Regional and County
competitions.
Volunteers
The Charity is always grateful for the support of its volunteers who play important roles across the organisation
including the Trustees and volunleers who support coaching, welfare and fundraising.
Financial Review
The financial performance of the charity for the year ended 31 July 2024 is detailed on pages 7 to 18 of these
financial statements and the Trustees are pleased with the performance during the year.
Reserves policy
St is the policy of the Charity that unrestricted funds which have not been designated for a specific use should
be maintained at a level equivalent to between 3 and 6 months of expenditure. The Trustees consider that
reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue
the Charity's current activities whilst consideration is given to a way in which additional funds may be raised.
The required range of Free reserves is therefore in the region of £207,000 to £415,000, which means we are
currently £90,427 in excess of the lower end of this range. The Trustees will continue into means of covering
this deficit.
Plans for the future
At the date of this financial review, the Charity expects to be able to continue its activities in 202412025 and the
Trustees are in the process of developing the Clubs Strategic and Operational Plan for 2025- 2030.
The Trustees will continue to look at outside financial support for equipment replacement capital funding to
support enhancement of the gym and the surrounding building.
Page.. 4

HUNTINGDON GYMNASTICS CLUB LIMITED
Report of the trustees {continued)
for the year ended 31 July 2024
Trustee's responsibilities statement
The trustees are responsible for preparing the trustees report and the financial statements in accordance with
applicable laws and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the
trustees have elected to prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company
law Ihe directors must not approve the financial statements unless they are satisfied that they give a true and
fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently;
make judgements and accounting estimates thal are reasonable and prudent.,
prepare the financial statements on the going concern basis unless it is inappropriate lo presume that
the company will continue in business.
The directors are responsibly for keeping adequate accounting records that are sufficient to show and explain
Ihe com pany's transactions and disclose with reasonable accuracy at any lime the financial position of the
company and enable them to ensure that the financial statements comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information
included on the charitable company's website. Legislation in the United Kingdom governing the preparation
and dissemination of the financial statements and other information included in annual reports may differ from
legislation in other jurisdictions,
Going concern
The Trustees are of the opinion thal the Charity will continue to be a going concern. It has been a very
challenging time for the Charity which has worked to support and relain the coaching and administrative teams
whilst servicing increases in overhèads.
The Trustees are of the opinion Ihat the Charity will continue to be a going concern.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled lo the small
companies exemption.
This report was approved by the board of directors on 2 April 2025 and signed on behalf of the board by..
Mrs Z McGowen
Director
Page.. 5

Independent Examinerfs Report to the Trustees of
HUNTINGDON GYMNASTICS CLUB LIMITED
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 July
2024 which are set out on pages 10 to 18.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law) you are
responsbile for the preparation of the accounts in accordance with the requirements of the Companies Act
20061'the 2006 ACVI.
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of your
company's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'}. In carrying out
my examination I have followed the Directs'ons given by the Charity Commission under section 145(5)(b} of the
2011 Act.
Independent examiner's statement
Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a
member of The Institute of Chartered Accountants of England and Wales (ICAEW).
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act.,
or
2. the accounts do not accord with those records, or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirements that the accounts give a 'true and fair view, which is not a matter considered as part of
an independent examination., or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland {FRS 102}.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
K.J. Maggs
Chartered
Spalding
, F.C.A.
ountants
Page.. 6

HUNTINGDON GYMNASTICS CLUB LIMITED
Statement of Financial Activity (including income and expenditure account)
for the year ended 31 July 2024
2024
Unrestricted Restricted
funds
funds
2023
Total
Total
Notes
Income and endowments from:
Donations and legacies
Investments
Charitable activities
Other
6,486
5,847
945,249
413
3,433
9,919
5,847
945,249
413
21,195
4,277
871,286
275
Total income
957,995
3,433
961,428
897,033
Expenditure on:
Charitable activities
864,454
33,749
898,203
901,471
Bursaries granted to gymnasts and coaches
Interest payable
Total expenditure
174
300
474
300
1,081
1,081
275
865 709
899 758
902 046
Net income I (expenditure)
92,286
(30,616)
61,670
15,013>
Transfers between funds
676
(676
(31,2921
Net movement in funds
92,962
61,670
15,013)
Fund balances brought forward
Fund balances carried forward
12
204,465
297 427
1,034,623
1 003 331
1,239,088
1 300 758
1,244,101
1239 088
12
All income and expenditure derive from continuing activities.
The statement of financial activity includes all gains and losses recognised during the year.
The notes on pages 10 to 18 form part of these financial statements
Page.. 7

HUNTINGDON GYMNASTICS CLU8 LIMITED
Balance Sheet
at 31 July 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
1,088,663
1,105,088
Current assets
Debtors
Cash at bank and in hand
17,636
232,950
250,586
13,484
169,440
182,924
Creditors:
Amounts falling due within one year
10
38,491)
48,924
Net current assets
212,095
134,000
Net assets
1,300,758
1,239,088
Income funds
Unrestricted funds
12
297,427
204,465
Restricted funds
12
1,003,331
1,034,623
1,300,758
1,239,088
The trustees are satisfied that the charity is entitled to exemption from audit of the financial statements for the
year under Section 477 of the Companies Act 2006 (the Act) relating to small companies and that the
members have not required the company to obtain an audit in accordance with Section 476.
The trustees acknowledge their responsbilities for:
li) ensuring that the charity keeps proper accounting records which comply with section 386 of the Act,
(li) preparing financial statements which give a true and fair view of the state of affairs of the charity as at Ihe
end of the financial year and of its profit or loss for the financial year in accordance with the requiremenls
of section 396, and which otherwise comply with the requirements of the Act relating to financial
statements, so far as applicable to the charity.
These financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies, regime and in accordance with FRS 102 'The Financial Reporting Standards
applicable in the UK and Republic of Ireland,.
These financial statements were approved by the Trustees on 2 April 2025 and are signed on their behalf.
Mrs Z McGowen
Director
Company Number'.- 06501296
The notes on pages 10 to 18 form part of these financial statements
Page: 8

HUNTINGDON GYMNASTICS CLUB LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024
1. Accounting policies
Huntingdon Gymnastics Club is company limited by guarantee registered in England and Wales. In the
event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1
per member of the charity- The address of the registered office of Ihe charity is given in the charity
information on page 1 of these financial staternents. The nature of the charity's operations and principal
activities is the promotion of community participation in healthy recreation for the benefits of the
inhabitants of Huntingdon and the surrounding area by the provision of facilities for the sport of
gymnastics.
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been
prepared in accordance with Accounling and Reporting by Charities= Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting
Standard applicable in the United Kingdom and Republic of I reland IFRS 1021, the Charities Act 2011,
the Companies Act 2006 and UK Generally Accepted Accounting Practice.
The financial statements are prepared on a going concern basis under the historical cost convention.
modified to include certain items at fair value. The financial statements are presented in sterling which is
the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set out
below. These policies have been consistenlly applied to all years presented unless otherwise stated.
Going Concern
The financial statements have been prepared on a going concern basis as the trustees I directors believe
that no material uncertainties exist. The trustees have considered the level of funds held and the
expected level of income and expenditure for 12 months from authorising these financial statements.
The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to
continue as a going concern.
Taxation
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is
considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets
the definition of a charitable company for U K corporation tax purposes.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgemenls, eslimates and
assumptions that affect the amounts reported. These estimates and judgements are continually reviewed
and are based on experience and other factors, including expectations of future events that are believed
to be reasonable under the circumstances.
The following judgements and estimates have been made in the process of applying the above
accounling policies that have had the most significant effect on amounts recognised in the financial
statements..
Estimation of useful life - The useful economic life used to depreciate tangible fixed assets relates to the
expecled future performance of the assels acquired and management's estimate of the period over
which economic benefit will be derived from the asset.
Estimation of residual value The residual value of an asset is the eslimated fair value of that asset at
the end of its useful economic life and therefore is also dependenl upon the estimation of that life span.
Historically, changes lo the useful economic life and residual values have not had a material impact on
the depreciation amount charged to the profit and loss.
Cut off - The only estimation applied by the directors was in the consideration of cut-off where an
estimation of the costs relating to the relevant period were applied when relating to a different period.
Details for these items are included within the accounting policies below.
Page., 1Q

HUNTINGDON GYMNASTICS CLUB LIMITED
Notes to the Financial Statements (continued)
for the year ended 31 July 2024
1. Accounting policies (continued)
Income recognition
All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity is
legally entitled to the income after any performance conditions have been met, the amount can be
measured reliably and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the settlement date
in writing. If there are conditions attached to the donation and this requires a level of performance before
entitlement can be obtained then income is deferred L5ntil those conditions are fully met or the fulfilment
of those conditions is within the control of the charity and it is probable that they will be fulfilled.
Donated facilities and donated professional services are recognised in income at their fair value when
their econom ic benefit is probable, it can be measured reliably and the charity has control over the item.
Fair value is determined on the basis of the value of the gift to the charity. For example the amount the
charity would be willing to pay in the open market for such facilities and services. A corresponding
amount is recognised in expenditure.
No amount is included in the financial statements for volunteer lime in line with the SORP {FRS 102).
Further detail is given in the Trustees, Annual Report.
Where practicable, gifts in kind donated for distribution to the beneficiaries of the charity are included in
stock and donations in the financial statements upon receipt. If it is impracticable to assess the fair value
at receipt or if the costs to undertake such a valuation outweigh any benefits, Ihen the fair value is
recognised as a component of donations when it is distributed and an equivalent amount recognised as
charitable expenditure.
Fixed asset gifts in kind are recognised when receivable and are included at fair value. They are not
deferred over the life of the asset.
Investment income is earned through holding assets for investment purposes such as shares and
property. It includes dividends, interest and rent. Where it is not practicable lo identify investment
management costs incurred within a scheme with reasonable accuracy the investment income is
reported net of these costs. It is Included when the amount can be measured reliably. Interest income is
recognised using the effective interest method and dividend and rent income is recognised as the
charity's right to receive payment is established.
Expenditure recognition
All expenditure is accounted for on an accruals basis and has been classified under headings that
aggregate all costs related to the category. Expenditure is recognised where there is a legal or
constructive obligation to make payments to third parties, it is probable that the settlement will be
realised and the amount of the obligation can be measured reliably. It is categorised under the following
headings..
Charitable activities include the costs of the activities defined by the charity's aims for the benefit of the
persons sited in the charity objects. Costs of charitable activities includes the direct costs of the activities
and depreciation on related assets. Where such assels relate to more than one functional cost category,
they have been allocated on either an estimate time or floor space basis, as appropriate.
Support costs include the costs which relate to the general running of the charity as opposed to the direct
management function inherent in generating funds, service delivery and program or project work.
Irrecoverable VAT is charged as an expense against the activity for which expenditure arose.
Depreciation
Depreciation is calculated to write down the cost, less estimated residual value, of all tangible fixed
assets over their expected useful lives. The rates generally applicable are..
Leasehold property- Improvements
20/0 on cost
Equipment
25°/0 on cost
Page.. 11

HUNTINGDON GYMNASTICS CLUB LIMITED
Notes to the Financial Statements (continued)
for the year ended 31 July 2024
1. Accounting policies (continued)
Fixed assets
Fixed assets are included at cost, less accumulated depreciation.
Debtors and creditors receivable I payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded
at transaction price. Any losses arising from impairment are recognised in expenditure.
Pension costs
The charity operates a defined contribution pension scheme for employees. The assets of the scheme
are held separately from those of the charity. The annual contributions payable are charged to the
statement of financial activities.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risk of ownership
remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Restricted funds
Restricted funds can only be used in accordance with specific restrictions and the furtherance of the
objectives of Ihe charity. Restrictions arise when specified by the donor or when funds are raised for
particular restricted purposes. Expenditure which complies with these criteria is identified to the fund.
Unrestricted funds
Unrestricted funds are available for use at the discretion of the trustees in sustenance of the objectives
of the charity and which have not been designated for other purposes.
Deslgnated funds
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular
purposes,
Loans and borrowings
Loans and borrowings are initially recognised al the transaction price including Iransaction costs.
Subsequently, they are measured al amorlised cost using the effective interest rate method, less
impairment. If an arrangement constitutes 8 finance transaction it is measured al presenl value.
Page.. 12

HUNTINGDON GYMNASTICS CLUB LIMITED
Notes to the Financial Statements (continued)
for the year ended 31 July 2024
2. Income from donations and legacies
2024
Unrestricted Restricted
funds
funds
Total
Donations
Grants
1,486
5,000
6,486
1,486
8,433
9,919
3,433
3,433
Grant income breakdown
Institulional
5,000
3,433
8,433
2023
Unrestricted Restricted
funds
funds
Total
Donations
Grants
6,340
1,550
7,890
6,340
14,855
21,195
13,305
13,305
Grant Income breakdown
Institutional
1,550
13,305
14,855
3. Income from investments
2024
Total
2023
Total
IAII Unrestricted)
Rental income
Interest receivable
3,127
2,720
5,847
3,282
995
4,277
4. Income from charltable activitles
2024
Total
2023
Total
(All Unrestricted)
Gym Fees
Membership subscriptions
Toddler Sessions
Private Hire and Parties
Competitions
Other sales
791,264
43,532
49,379
35,646
22,844
2,584
945,249
740,978
35,722
44,462
32,440
12,593
5,091
871,286
Page.. 13

HUNTINGDON GYMNASTICS CLUB LIMITED
Notes to the Financial Statements (continued)
for the year ended 31 July 2024
5. Expenditure on charitable activities
2024
Unrestricted Restricted
Total
General
m activities
Activities undertaken directly
Support costs..
Other operating costs
Staff costs
Consultancy fees
Depreciation
Loss on disposal of fixed assets
Bursaries granted tc) gymnasts and coaches
ort costs
598,038
2,147
600,185
129,801
90,573
163
11,340
266
296
130,097
90,573
163
42,646
266
31,306
174
300
474
Accountancy and payroll
Independent examination fees
Consultancy fees
Bank charges
Interest payable
Other costs
9,216
1,450
1,386
2,243
1,081
19,978
865,709
9,216
1,450
1,386
2,243
1,081
19,978
899,758
34,049
Costs directly attributable to a specific project have been analysed to that project as an exact amount.
The remaining costs which are not specific are considered allocated costs of charitable activities and
have been apportioned lo the relevant activity based on a considered proportion of costs relating to that
activity.
2023
UnrestTlCted Restricted
Total
General
m activities
Activities undertaken directly
Support costs-.
Other operating costs
Staff costs
Consultancy fees
Depreciation
Bursaries granted to gymnasts and coaches
ort costs
Auditors fees
Accountancy and payroll
Independent examination fees
Bank charges
Interest payable
Other costs
583,255
583,255
143,653
80,166
600
11,347
5,800
149,453
80,166
600
42,279
300
30,932
300
3,600
10,508
1,250
2,465
275
27,895
865,014
3,600
10,508
1,250
2,465
275
27,895
902,046
37.032
6. Board of Trustees remuneration
No trustee (or any persons connected with them} received any remuneration or expenses either directly
or indirectly.
Page.. 14

HUNTINGDON GYMNASTICS CLUB LIMITED
Notes to the Financial Statements {¢ontinued}
for the year ended 31 July 2024
7. Employee emoluments
2024
Total
2023
Total
Wages and salaries
Other benefits
Social security costs
Defined conlribution pension costs
616,070
2,877
41,566
13,555
674,068
589,412
1,947
41,323
14,698
647,380
Number of employees
Coaching staff
Administration staff
36
35
41
39
There were no employees who received emoluments exceeding £60,000 in either the current or prior
year.
8. Tangible fixed assets
Leasehold
Property
Equipment
Total
Cost
At 1 August 2023
Additions
Disposals
At 31 July 2024
Depreelation
At 1 August 2023
Charge for the year
Disposals
At 31 July 2024
Net book value
At 31 July 2024
1,299,397
377,714
26,489
13,819
1,677,111
26,489
13,819
1,299,397
390,384
1,689,781
233,866
25,988
338,157
16,658
13,551
572,023
42,646
13,551
259,854
341,264
601,118
1,039,543
49,120
1,088,663
At 31 July 2023
1,065,531
39,557
1,105,088
9. Debtors
2024
Total
2023
Total
Trade debtors
Prepayments and accrued income
13,293
4,343
17,636
8,910
4,574
13,484
Page.. 15

HUNTINGDON GYMNASTICS CLUB LIMITED
Notes to the Financial Statements (continued)
for the year ended 31 July 2024
10. Creditors: Amounts falling due within one year
2024
Total
2023
Total
Trade Creditors
Loan from Huntingdon District Council
Taxes and social security costs
Other creditors - Defined contribution pension costs
Accruals
Deferred Income
4,082
11,306
1,261
1,240
3,333
6,243
25,541
48,924
1,204
3,610
3,016
26,579
38,491
Deferred income represents income received in advance for classes or events that take place in the
following period.
11. Related party transactions
There are no related party transactions during the current or comparative periods.
12. Funds
2024
At1Aug
2023
Incoming
resources
Outgolng
resources
At 31 Jul
2024
Transfers
Unrestricted funds
General Fund
204,465
204,465
957,995
957,995
{865,709)
1865,7091
676
297,427
297,427
676
Restricted funds
Building costs
Sharpington Hall Floor
Young Coaches Training
Equipment
Bursaries
1,010,974
17,366
5,111
972
200
(24,659)
16,6471
12,1471
{2961
{3001
34,049
986,315
10,719
5,897
2,933
16761
500
400
1,034,623
3,433
676
1,003,331
1,239,088
961,428
899,758
1,300,758
The funds are constituted as follows..
2024
Unrestricted Restricted
Total
Tangible fixed assets
Debtors
Cash al bank and in hand
Creditors: Amounls falling due wilhin one year
91,629
17,636
226,653
38,491
297,427
997,034
1,088,663
17,636
232,950
38,491
1,300,758
6,297
1,003,331
Transfers
The transfer of funds relates to restricted funds having met their requirements, e.g. spent on the relevant
fixed assets. There is no expectation for those assets to be sold and therefore will be maintained with all
other assets.
Page.. 16

HUNTINGDON GYMNASTICS CLUB LIMITED
Notes to the Financial Statements {continued)
for the year ended 31 July 2024
12. Funds continued...
Restricted funds descriptions
Building costs - This fund is regarding the original funding for the building of the 2012 hall and contains
funding for the refurbishment of the toilets and changing rooms.
Sharpington Hall Floor- Grants received towards the replacement of Sharpington Hall floor.
Young Coaches training a grant lo help fund the trainee coach initiative, targeting gymnasts be￿een
14 and 16. 11 funds a trainee coach programme which will enable them to become qualified coaches in
the future.
Equipment - Funds donated for the purpose of acquiring new equipment.
Bursaries relate to donations received to enable the club to provide a bursary towards costs for
gymnasts or coaches.
2023
At1Aug
2022
Incoming
resources
Outgoing
resources
At 31 Jul
2023
Transfers
Unrestricted funds
General
176,473
883,728
865,014
9,278
204,465
Restricted funds
Building costs
Sharpington Hall Floor
Young Coaches Training
Equipment
Bursaries
1,035,634
23,638
8,106
250
{24,660)
{6,272)
{5,800)
1,010,974
17,366
5,111
972
200
2,805
10,000
500
(9,278)
300
1,067,628
13,305
37,032
9,278
1,034,623
1,244,101
897,033
902,046
1,239,088
The funds are constituted as follows..
2023
Unrestricted Restricted
Total
Tangible fixed assets
Debtors
Cash at bank and in hand
Creditors: Amounts falling due within one year
76,748
13,484
163,157
48,924
204,465
1,028,340
1,105,088
13,484
169,440
48,g24
1,239,088
6,283
1,034,623
13. Operating leases
At 31 July, the charity had total future minimum lease payments under non-cancellable operating leases
as set out below..
2024
Total
2023
Total
Nol later than one year
Later than one and not later than five years
4,436
9,979
1,300
1,517
14. Controlling party
The charity is controlled by the Board of Trustees and no individuals can or do exert control.
Page: 17

HUNTINGDON GYMNASTICS CLUB LIMITED
Notes to the Financial Statements (continued)
for the year ended 31 July 2024
15. Statement of financial activities - fund comparatives
2023
Unrestricted Restricted
funds
funds
Total
Income and endowments from:
Donations and legacies
Investments
Charitable activities
Other
7,890
4,277
871,286
275
13,305
21,195
4,277
871,286
275
883,728
13,305
897,033
Expenditure on:
Expenditure on charitable activities=
Charitable activities
Bursaries granted lo gymnasts and coaches
Interest payable
864,739
36,732
300
901,471
300
275
275
865,014
37,032
902,046
Net income l (expenditure)
18,714
23,727}
(5,013
Page.. 18