REGISTERED COMPAIYY NUMBER: 06882268 (England and Wales)
RECISTERED CHARITY NUMBER: J129701
ort of the Trustees and
Financial Statements for the Year Ended 31 Ma 2024
for
South Essex G
mnastics Club Limited
Michael Letch & Partners LLP
Accountants and Statutory Auditors
146 High Street
Billericay
Essex
CM12 9DF

South Essex G mnasties Club Limited
Contents of the Financial Statements
for the Year Ended 31 Mai. 2024
Pgge
Report of the Trnstees
Report of the Independent Audltors
6 to 8
Statement of Financial Activities
Balance Sheet
10
Cash Flow Statement
Notes to the Cash Flow Stalement
12
Notes to the Financial Ststements
13 to 21
Detailed Statement of Finanelal Activities
22 to 23

South Essex G mn8Sties Club Limited
Re ort of the Trustees
for the Year Ended 31 Ma 2024
The trustees who are also dkrectors of the charity for the PUTposes of the Companies Act 2006, present their report with
the financial statements of the charity for the y¢ar ended 31 May 2024. The trustees have adopted the provisions of
Accounting and Reporting by Charities: Statement of Recommended Prdctice applicable to charities preparing their
accounts in ar¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective l January 2019)-
OBJECTIVES AND ACTIVITIES
Objectfrves and aims
The main object of the Club is to organise, provide or assist in the organisation or provision of facilities which will
enable young children, young persons and other residents in the areas of Basildon, Castle Point and the adjoining
districts to undertake gymnastics ensuring that due attention is given to the physical education and development of such
pupils and to the development and education of their minds.
In furtherance of such objects. but not oth¢rwise the Charity may:
Provide or assist in the provision of gymnastics and sports equipment for such persons.
Teach and develop interest in Olympic gymnastics and associated disciplines e.g. freestyle. dance and movement and
promote the consolidation and practise thereof.
Promote competition at all levels.
Observe and administer the rules and directions of British Gymnastics or its successors.
There have been no charlges to the Club's objectives since the end of the fmancial year under review.
Page I

South Essex G
mngsties Club Limited
rt of the Trustees
for the Year Ended 31 Ma
2024
OWECTIVES AND ACTIVITIES
Significant activlties
PERFORMANCE
Women's Artistic Gy]nna5tlC5 WAG IRoss Falsetta]
Recreational
ecreation
Testin
We have successfully introduced and completed the two testing dates that we had planned to do for 2024. This is largely
in thanks to Ntcole Wooder and the hard work she has put into the planning and executing thts project.
Com
titions for two hour Recreation
Due to the busy year with European Competitions and the Olympic4 not to mention the planning and coordination
around the cu￿ent competition schedule of WAG competitions which exceeds 30 competitions a year (not including the
international level competitions), we did not achieve in finding a suitable competition for the two hour Recreation
groups.
However, this week we bav¢ issued all the inforniation to the coaches with similar info going out to the classes in the
next couple of weeks. This is for an event in March 2025 and represents the p051tive opportunities that we offering to
the WAG two hour Recreation classes.
Results s uad selections & internattonal call u
W¢ have had numerous competitions since our last update. Too ll￿ly to mention individually, but since the WAG
in-house competition, there has been county level competitions. These have led to regional fll￿1$, we have had regional
level competitions that have led to team selections for national finals too. The staff are doing an excellent job of
maintsining the high standard associated with the Club. They are also doing this with happy little club members too.
Georgia-mae Fenton was a team member at this yeavs Europeans, b￿ornIng a medallist on bars which helped her
selection to the Olympic games where she also qualified for an "All Around" final. We are very proud of her and the
oaching team around her.
We also had two WAG coaches that also atterlded the Olympic games, Nicole Wooder and Michelle Flemings and the
latter was a coach on the floor with Georgia in the AA finals.
Andrea Ndoro has been selected for her first junior call up for Great Britain at the Olympic Hopes competition in Czech
at the end of November. This is also Caron's first athlete to be selected for a Great Britain international. As possibly the
longest standing WAG coach at the club, I believe this to be a huge achievement and massive Teward to her commithient
to the club and the hundreds of g)ry]￿asts she has coached over the years.
Coaches and awards
Coaching team is doing well. We have an ever-younger work force evolving from more senior coaches moving on.
These coaches are doing very well and getting the relevant qualifications under their belts, but experience only comes
with time, so l am meeting individually with those that need a little more guidance. I do feel this is an area we need to
put our heads together on to come up with more mentoring opportunities, more or better CPD and OT other ways to help
with development.
Our coach Caron has been nominated for a coach of the year award for the Basildon District and for the Essex Sports
Awards.
Gymschool IDave Rapley]
Attendance Perforniance
Attendance figures have been strong. This r¢flects sustained interest in our programrnes and highlights the positive
momentum within the club.
T¢stin2 S tem Review
We are curr¢ntly evaluating the Gladstone testing sy5t¢m to detennine its suitability for our club. A small-scale trial
conducted in October 2024 showed some promising progress, but also Identified areas where the system's lack of
flexibility poses challenges, particularly given the frequent turnover and weekly changes in participant groups.
Our next trial. scheduled foT early February, will test the system's ￿11 functionality across all classes. This will provide a
clearer picture of what will be required to adapt it to suit the needs of the club.
2024 Hi
ts.. External Com
tition Success
Page 2

South Essex G mnasties Club Limited
Re ort of the Trustees
for the Year Ended 31 Ma , 2024
OWECTIVES AND ACTIVITIES
Jamie led the organisation of our first external competition for the 1.5 hour Advanced Gym-S¢hool participants which
was a significant achievement for the club. The event was a great success, with all participants thoroughly enjoying
themselves. and we proudly brought home several nledals and trophies. Building on this achievement, Jamie is now
working on organising external competitions for 2025, aiming to further expand these opportunities for our gymnasts.
Conclusion
This period has been marked by strong perforniance and exciting progres5. As we move into 2025126. we aim to address
the challenges identified while continuing to build on the successes achieved this year.
Rhythmic Gymnastics [Danielle Paull
Com elilions
The Rhfftic programme involved participation in several competitions from beginner through to national level.
In May, Pippa and Lily-Rose competed in the elite regional championships. Lily-Rose finished second in the elite senior
category and Pippa became U12 regional champion ffter third regional title in a row). Sixteen of our club squad
gymnasts {U8-senior ages) who compete at just below the national level took part in the Regional Open Apparatus
Championships on the same weekend. With eight girls medalling in the top three and a further 2 two gYn￿asts placing in
the top six for their age groups.
Pippa also competed in h¢r r￿St English Championships in May where she achieved second in Clubs, fourth in hoop and
third overall.
The National Grade Finals took pla¢¢ in June with Jade and Lily-Ros¢ competing as Seniors and Pippa in the U12
category. The girls perfornied very well in a very tough competition securing several top 10 places and personal best
scores.
In June it was also the Juniorlsenior English Championships and English Open Apparatus Championships. We had five
gymnasts cornpeting at thi5 competitlon (four of them for the fwst time) with excellent results. For Jade Woollard this
was her final competition before retiring after a very successful career ai the club. In the Open Apparatus category, Lila
(first y¢ar Junior) placed third in hoop, Sophie (Senior) finished sewnd in both apparatus and the all-around and Emily
placed first in ball, tbird in ribbon and became all-around English Open Champion.
At the begimiing of July 24 gymnasts from beginners to elite level took part in the D¢votion International Competition.
This was a particularly success￿1 competition for the team with every gymnast placing in the top ten and several special
awards received.
Testin
We have developed our own Rhythmic Testlng Scheme, and this is now in its second year. The testing has proved a
successful way of keeping the recreational gymnasts engaged with their sessions and staying in the sport for longer as
they feel they have inore of a target to be working towards. It also allows for us to monitor the gymnasts progress and
identify any gymnasts who can move into dev¢lopment or competitive squad groups. It also means the coaches have a
clear structure of what to teach the children and expectations of what each child should be able to do at certain ages.
Overall. the testing has been very well received by both gymnasts and parents. Over the next few months, we will review
our testing scheme to ensure it is still suilable and in line with the new Flexibility Training Guidelines published by
British Gyrnnastics.
Disci
line Numbers
The focus on building the recreational class nurnbers back up pre-covid levels, and putting a development programme
back into place is now reaping rewards and the Club is now in a position wher¢ we have a good b&se of recreational
classes. development groups and a clear pathway for gymDasts to be able to progress.. Recreational to Pre-development
to Development to Pre-squad to Squad.
As a resulL our competitive squad numbers have more than doubled since the start of this year. We now have around
twenty gymnasts who will be competiting at levels 1-3 (club level) and eleven gyn]nasls preparing foi Grades next year
and aiming towards the national level.
Katie has done a fantastic job of being very proactive with the competitive groups. making the required changes to
gymnasts training hours, moving between group5, and slarting preparations for the new competitive year, etc. But as I
ststed above, our ¢ompetitiv¢ group numbers have almost tripled, and this was the key goal for the year.
Finally, we have reintroduced a group programme, coached by Jade Woollard. We now have an Espoir group and a
Senior group who will begin competing next year and are aiming to enter at the nationaE level.
Adult Gym and Events Icara Mulreanyl
Page 3

Soutb Essex G mnastics Club Limited
rt of the Trustees
for the Year Ended 31 Ma 2024
OBJECTIVES AND ACTIVITIES
Adult G
We have now participaled in two adult competitions this year:
- Adult British Championships in August, where we had five members take part.
Colchestei Adult Gylllllastics competÈtion in Odober, wh¢re we had again five members take part.
We are looking to tak¢ part in some more adult competitions in the new yeaT and hopefvlly look to hosting our own
competition in 2025.
vents
In May we held our annual Circanz4 where we had approximately thirty participants. This event is limited by the space
available and unfortunately we do not have the capacity for a biggFer audience. We have for the past two years done two
shows which has worked well in getting more people in.
In July we had our Pre School display, where we had 177 participants across several perfornw]ce5.
In September we had the Women's competition where we had 217 participants. This was quite a large event. where we
made at least £2,500 profit.
ID October we had the Men's competition, wher¢ we had 92 participants. We made approximately £1,000 after slaff
osts.
In November we bad our Gym School competition which had 624 participants over two days.
FINANCIAL REVIEW
Reserves policy
It is the policy of the charity to n￿Intain unrestricted funds, which are free reserves of the charity, at a level which will
be sufficient to cover the charity's expenses for the foreseeable future and to secure additional premises for the charity's
operations to meet ￿tUre demand. These expenses include management and administration and support costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trnsl and constitute5 a limited company, limited by
guarantee, as defined by the Companies Act 2006.
Risk management
The trusfres have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate
controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06882268 (England and Wales)
Registered Charity number
1129701
Registered office
Basildon Sporting Village
Gloucester Park North
Cranes Farm Road
Basildon
Essex
SSI4 3GR
Trustees
Mr C Fabb
Mrs S Hibbitt
Mr S D Smith
Ms J A Hickton
MrRDShort
Mr J S Ben-Aderet
MrDTOMott
Mr J P Davis
Page 4

South Essex G mnastics Club Limited
Re ort of the Trustees
for the Year Ended 31 Ma
2024
REFERENCE AND ADMINISTRATIVE DETAILS
Company Seeretary
Mrs S Hibbitt
Auditors
Michael Letch & Partners LLP
Accountants and Statutory Auditors
146 High Street
Billericay
Essex
CM12 9DF
COMMENCEMENT OF ACTJvrriES
On 31 May 2009 the unincorporated charity kno￿￿ as South Essex Gymnasttcs Club- registered charity number 297322
ceased and transferred its reserves to South Essex Gymnastics Club Limited. From l June 2009. South Essex
Gymnastics Club Limited will continue to carry out the objects and activities previously carried out by South Essex
GyiDnastics Club.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
Th¢ trustees {who are also the directors of South Essex Gymnastics Club Limited for th¢ purposes of company law) are
responsibl¢ for preparing the Report of the Truste¢s and the flnancial statements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Gen¢rally Accepted Accounting Practice).
Company law requires th¢ trustees to prepare financial statements for each f￿ancial year which give a true and fair view
of the state of affairs of the charitable company and of the incoming resources and application of resources, including
the income and expenditlre, of the charitable company for that period. In preparing those fmancial statements, the
trustees are required to
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charity SORP.
make judgements and estimates that are reasonable and prudent;
prepare the fJnancAal statements on the going concern basis unless it is inappropriat¢ to presume that the charitable
company will continue in business.
The trnstees are responsible for keeping proper accounling records which disclose with reasonable accuracy at any time
the financial position of the charitable company and to enable them to ensure that the fmancial statements comply with
the Companies Art 2006. They are also responsible for safeguarding the assets of the charitable company and hence for
taking reasonable steps for the prevention aDd detection of fraud and other irregularities.
In so far as the trustees are aware:
there is no relevant audit inforniation of which the charitable company's auditors are unaware" and
the trustees hav¢ taken all steps that they ought to have taken to make themselves aware of any r¢levant audit
inforn]atAon and to estabEish that the auditors are awar¢ of thal infonnation.
AUDITORS
The auditors, Michael Letch & Partners LLP, will be proposed for re-appointment at the forthcoming Annual General
Meeting.
Approved by order of the board of trustees on 20 March 2025 and signed on its behalf by..
Mr J S Ben-Aderet - Trustre
Page 5

rt of Ihe Inde endent Auditors to the Members of
South Essex G ,mnastics Club Limited
Opinion
We have audited the fmancial statements of South Essex Gymnastics Club Limited (the 'charitable company) for the
year ended 31 May 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow
Statement and noles to the fmancial statements, including a summary of significant accounting policies. The financial
r¢porting framework that has been applied in their preparation is applicable law and United Kingdom Accounting
Standards (United Kingdom Gen¢rally Accepted Accounting Practice).
In our opinion the fmancial statements..
give a true and fair view of the state of the charitable CoMpan￿S affairs as at 31 May 2024 and of its incoming
resources and application of resources, including its income and expenditure, for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice" and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with tnternational Standards on Auditing (UK) {ISAs (UK)) and applicable law.
Our responsibilities under those standards are fL￿her described in the Auditors, responsibilities for the audit of the
financial statements section of our report. We are independenl of the charitable company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard,
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is Sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In audiling the fmancial stat¢ments, we have wncluded that the tru5tees' use of the going concern basis of ￿coUntIng in
the preparation of the fmancial statements is appropriate.
Based on the work we have perfomied, we have not identified any material uncertainties relating to events or conditions
thaL individually or collectively, may cast significant doubt on the ¢haritable company's ability to continue as a going
concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the tn￿teeS with respect to going concern are described in the relevant
sections of this report.
Other infonllation
The trustees are responsible for the other inforn)ation. The other inforniation comprises the inforniation included in the
Amjual ReporL other than the fmancial statements and our Report of the Independent Auditors thereon.
Our opinion on the fmancial statements does not cover the other inforniation and, except to Ihe extent otherwise
explicitly stated in our report, we do nol express any forn) of assurance conclusion iheTeon.
In connection with our audit of the fmancial statements, our responsibility is to read the other information and, in doing
so, consider whether the other infornthtion is materially inconsistent with the financial statements or our knowledge
obtained in the audit or otherwise appears to be materially misstated. If we identify such material incon51Stenci¢s or
apparent material misstatements, we are required to detennine whether this gives rise to a material misstatement in the
financial statements themselves. If, based on the work we have perforn]ed, we conclude that there is a material
misstatement of this other information, we are requircd to report that facL We have nothing to report in this regard.
Opinions on other matter5 prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the infornlation given in the Report of the Trustees for the fmancial year for which the f￿ancial statements are
prepared is consistent with the financial statements. and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Page 6

rt of the Inde
dent Auditors to the Member5 of
South Essex G
nasties Club Limiled
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of
the audiL we have not identified rnat¢riaJ misstatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you
if, in our opinion-
adequate accounting records have not been kept or returns adequate for our audit have not been received from
branches not visited by us. or
the fmancial statements are not in agreement with the accounting records and returns" or
certain disclosures of tru5tees' remuneration specified by law are not made" or
we have not received all the infomiation and explanations we require for our audit; or
the trustees were not entitled to take advantage of the small compani¢s exemption from the requirement to prepare a
Strategic Report or in preparing the Report of the TTUStees.
Responsibiliti￿ of trustees
As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also the directors of the
charitable company for the purposes of company law) are responsible for the prepardtion of the financial statements and
for being satisfied that they give a true and fair view, and for such internal control as the trustees deterniine is necessary
to enable the preparation of financial statements that are free from material misstatement, whether due to frdud or error.
In preparing the fmancial statements, the trustees are responsible for assessing the charitable companys ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern
basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have
no realistic alternative but to do so.
Our responsibilitie5 for the audit of the finaneial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstaternent, whether due to fraud or e￿Or, and to issue a Report of the Independent Auditors that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordanr
with ISAS (UK) will always detect a material misslatement wh¢n it exists. Misstatement5 can arise from fraud or error
and are considered mat¢rial if, individually or in the aggregate, they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial ststements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below..
Enquiry of management and the trustees relating to actual and potential litigation claims.
Enquiry of managetnent in compliance fvJ)ctions to identify any inslances of non-compliance with laws and regulations.
Reviewing fllkincial statements disclosures and testing to supporting documentation to assess compliance with
applicable laws and regulations.
Perforniing audit work over the risk of management override of controls. including testing of journal entries and other
adjusttnents for appropriateness, evaluation of the business rationale of significant transactions outside the nornial course
of business and reviewing accounting estimates for evidence of bias.
On occasion we may also have deterniined that certain matters relating to non-compliance with laws and regulatiolls are
key audil matters, we must still include the required explanation, in our report, as to what extent the audit was considered
capable of detectÈng irregularities, including fraud.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading to misstatement in the financial statements or non compliance with regulation. This risk increases th¢ more that
ompliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as
we will be less likely to become aware of instances of non compliance. The risk is also greater regarding irregularities
occurring du¢ to fraud rather than error, as fraud involves intentional concealment, forgery, collusion omission or
misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at www.frc.org.uklauditorsresponsibilities. This descriplion forn15 part of our Report of the
Independent Auditors.
Page 7

R¢
rt of ihe Inde
ndent Auditors to the Members of
South Essex G mnastics Club Limited
Use of our report
This report is made solely to the charitable company's members, as a body. in accordan¢¢ with Chapter 3 of Part 16 of
Ihe Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's
members those matters we are required to state to them in an auditors, report and for no other purpose. To the ￿lIest
extent perniitted by law, we do not accept or assume responsAbility to anyone other than the charitable company and the
charitable company's members as a body, for our audit work, for this report, or for the opinions we have forn]ed.
Michael B Letch (Senior Statutory Auditor)
for and on behalf of Michael Letch & Partners LLP
Accountants and Sta
tory Auditors
146 High Str
Billerica
Essex
CM12 9DF
21 March 2025
Page 8

South Essex G 'mn#sties Club Limlted
Statement of Finanelal Activitfies
ratin an Income and Ex
ndiÉure Account
for the Year Ended 31 Ma
2024
Incor
2024
Total
Dds
2023
Total
funds
Unrestricted
fund
Restricted
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
63,023
63,023
45,154
Charitable activities
Gymnastics
1,730,647
1,730,647
1,535,992
Other trading activities
Investnlent incom¢
Other income
74,584
2,826
3,730
74,584
2,826
3,730
76254
969
1,381
Total
1,874,810
1,874,810
1,659,750
EXPENDITURE O
Raising funds
6,852
6,852
10,921
Charitable activitles
Gymnastics
1.843,858
1.843,858
1,727,311
Total
1,850,7IO
1,850,710
1,738232
NET INCOME/(EXPENDITURE)
24,100
24,100
(78,482)
RECONCILIA TIOIY OF FUNDS
Total funds brought forward
497,089
497,089
575,571
TOTAL FUNDS CARRIED FORWARD
521,189
521,189
497,089
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes fom part of these financial statements
Page 9

South Essex G mnastics Club Lirnited
Balanee Sheet
Ima
2024
2024
2023
Notes
FIXED ASSETS
Tangible assets
15
244,408
284,060
CURRENT ASSETS
Stocks
Debtors
Cash at bank
16
17
18,301
66,908
368,706
9,170
54,849
393,932
453,915
457,951
CREDITORS
Amounts falling due within one year
(109,370)
(112,536)
NET CURRENT ASSETS
344,545
345,415
TOTAL ASSETS LESS cuRRE￿r
LIABILITIES
588,953
629,475
CREDITORS
Amounts falling due after more than one year
19
(67,764)
(132,386)
NET ASSETS
521,189
497,089
FUNDS
UnTestricied funds
23
521,189
497,089
TOTAL FUNDS
521,189
497,089
These fuwcia] statements have been prepared in accordance with the provisions applicable to charitable companies
subject to the small companies regime.
The f￿anCial statements were approved by ihe Board of Trnstees and authorised for issu¢ on 20 March 2025 and wer¢
signed on its behalf by:
Mr J S Ben-Aderet - Tnjstee
The notes forn] part of these financial statements
Page 10

South Essex G mnasties Club Limited
Cash Flow Statement
for the Year Ended 31 Ma
2024
2024
2023
Noles
Cash flows from operating activitles
Cash generated from operations
Interest paid
72,269
(11,606)
25,684
(14,457)
Net cash provided by operating activities
60.663
11,227
Cash flows from investing aetivities
Purchase of tangible f￿¢d assets
Interest received
(28.482)
2,826
(25,050)
969
Net cash used in investing activittes
(25,656)
(24,081)
Cash Ilows from financing aetivitles
Loan repayments in year
(60,233)
(57,377)
Net cash used in fmancing activities
(60233)
(57,377)
Change in c2sh and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
(25,226)
(70,231)
393,932
464,163
Cash and cash equivalents at the end of
the reporting period
368,706
393,932
The note5 forni part of these financial statements
Pagell

South Essex G mnasties Club Limited
Notes to the Cash Flow Statement
for the Year Ended 31 Ma
2024
RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM
OPERATING ACTIVITIES
2024
2023
Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreclation charges
Interest received
Interest paid
Increase in stocks
(Increaseydecrease in debtors
(Decrease)lincrease in creditors
24,100
(78,482)
68,134
(2,826)
11,606
(9,131)
(12,059)
(7,555)
82,323
(969)
14,457
(857)
2,081
7,131
Net cash provided by oper2tioDs
72,269
25,684
ANALYSIS OF CHANGES IN NET FUNDS
At 1.6.23
Cash flow
At 31.5.24
Net cash
Cash at bank
393,932
(25,226)
368,706
393,932
(25,226)
368,706
Debt
Debts falling due within l year
Debts falling due after l year
(60,233)
(132,386)
(4,389)
64.622
(64,622)
(67,764)
(192,619)
60233
(132,386)
TotaR
201,313
35,007
236,320
The notes fonn part of these financial statements
Page 12

South Essex C
nastics Club Limited
Notes to the Financial Statements
for the Year Ended 31 Ma 2024
STATUTORY INFORMATION
South Essex Gyn]nastics Club Limited is a private company limited by guarantee and registered as a charity with
the Charities Comn]ission, The company's registration number, registered charity number and registered office
address can be found in the Report of the Trnstees.
ACCOUNTIIYG POLICIES
Basi5 of preparing the financial statements and going concern
The fmancial statements of the charitable company, which is a public benefit entity under FRS 102. have been
prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective l January 2019),,
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost
onv¢ntion.
Going coneern
After making enquiries, the trustees have a reasonable expectation that the company has adequate resources to
continue tn operational exist¢nc¢ for the foreseeabl¢ future. For this reason, the ttvstees continue to adopt the
going concern basis in preparing the financial statements.
Ineome
All income is reco￿]Sed in the Statement of Financial Activities once the charity has entitlement to the funds, it
is probable that the income will be received and the amount can be measured reliably. The rnajor source of funds
is membership fees and recreation and preschool fees which represents 920/0 of the total income from charitable
activili¢s.
Expenditure
Liabilities ar¢ recognised as expenditure as soon as there is a legal OT constrnctive obligation conllDitting the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has
been classified under headings that aggregate all cost related to the category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a basis consistent with the use of
resources.
Allocation and apportionment of costs
Costs have been allocated and apportioned in the following way:
Costs of generating funds comprÉse the costs associated with attracting voluntary income and the
costs of trading for the clothing resold.
Governance costs include those costs associated with meeting the constituttonal and statutory
requirements of the charity and include the audit fres and costs linked to the strategic
anagement of the charity.
Charitable expenditure comprise5 those costs incurred by the charity in the delivery of its
activities and services to it5 ben¢ficiaTies. It includes both costs that can be allocated direcily to
such activities and those costs of an indirect nalmre necessary to support them.
All costs are allocated between the exp¢nditure categories of the Statement of Financial Activilies
on a basis designed to reflect the use of the resource. Costs relating to particular activity are
allocated directly. other are apportioned on an appropriate basis as set out below..
Actlvity
Gymnasium running costs
Finance
Ofyice staff Costs
General overhead costs
Sundry costs
Basis of allo¢8tion
Floor Area
Transaction
Stsff ttme
Usage
Usag¢
Page 13
ontinued...

South Essex G mnastics Club Limited
Notes to the Financial Stgtement5- CODtinued
for the Year Ended 31 Ma
2024
ACCOUNTING POLICIES - continued
Tangible fixed assets
Depreciation is provided at the following annual rntes in order to write off each asset over its estimated usefvl
life.
Improvements to propety
Plant and machinery
Straight line over 18 years
at varying rates on cost
Tangible fixed assets under the cost mod¢l are stated at historlcal cost less accumulated depreciation and any
accumulated losses. Historical cost includes expenditure that is directly attributable to bringing the assets to the
location and condition necessary for it lo be capable of operating in the manner intended by management.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.
Taxation
The charity is exempt from cory)oration tax on its charitable activities.
Fund accounting
Unrestricted ￿ndS can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted fimds can only be used for particular restricted Purposes within the objects of the charity. R¢stri¢tions
atise when specified by the donor or when funds are raised for particular restricted pU￿oSe5.
Further explanation of the nature and purpose of each filnd is included in the noles to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contrlbutions payable to the charitable
company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial inslrumenls
The company only enters into basic financial instruments transactions that result in the recognition of financial
assets and liabilities like Irade and other debtors and Creditors.
The company entered into a Coronavinls Bustness Intemiption Loan for £250,000 in May 2021. The repayment
lern)s for the loan is over five years with an interest rate of 70/0.
Debt instruments that are payable and receivable in one year, typically, trade debtors and creditors are measured
initially at the undiscounted amount of the cash or other consideration expected to be paid or received.
However, if the arrangements of a short terni instrument ¢onstitute a financing transaction like the payment of a
trade debt defe￿¢d beyond normal business ternis or financed at a rate of interest that is not al a market rate or in
the case of an outright short tenn loan nol at market rate, the financial asset or liability is measured initially at the
presenl value of the ￿tUre cash flow discounted at a market rate of interest for a similar debt instrument and
subsequently at amortised cost.
Government grants
The company has adopted the accrual model in recognising government grants.
Page 14
continued...

South Essex G mnasties Club Lfimited
Notes to the Financial Statements - continued
for the Year Ended 31 Ma 2024
DONATIONS AND LEGACIES
2024
2023
Fundraising events
Granls
35,452
27,571
30,579
14,575
63,023
45,154
OTHER TRADING ACTIVITIES
2024
2023
Clothing sales
Children's parti¢s
9,320
65,264
15,192
61,062
74,584
76,254
INVESTMENT INCOME
2024
2023
Deposit account interest
2.826
969
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Activity
GyThnastics
Gymnastics
Mevnbership fees
R¢cr¢ation & preschool fees
Mother & toddler fun
sessions
Adult session fees
Freestyle
Miscellaneous fee5
Special needs fees
706,410
877,972
617.516
795,017
Gynnastics
Gymnastics
Gymnastics
Gyinnastics
Gymnastics
88,508
11,014
28,468
4,654
13,621
64,311
11,277
27,571
6,004
14,296
1,730,647
1,535,992
RAISING FUNDS
Other trading activities
2024
2023
Opening stock
Purchases
Closing stock
9,170
15,983
(18,301)
8,313
11,778
(9,170}
6,852
10,921
Page 15
continued...

South Essex G
mnast1¢5 Club Limited
Notes ID the Financial Statements - continued
ror the Year Ended 31 Ma
2024
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 9)
Support
costs (see
note 10)
Totals
Gymnastics
,110,432
733,426
1,843,858
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
Siaff costs
B.G. affiliation
Competition fees
Training wsts
Sundry equipment & maintenance
Travelling contrAbution5
Sponsorship fees
Depreciation
907,602
52,303
17,903
7,245
11,236
29,156
16,853
68,134
879,015
45,665
26.943
6,000
5,681
18,272
14,520
82,323
1,110,432
1,078,419
io.
SUPPORT COSTS
Office
stsff
costs
Management
Finance
G)ry)mastics
332,682
17,473
358,664
General
overhead
costs
Sundry
costs
Governance
Costs
Totals
G)Thnastics
13,253
144
11,210
733,426
NET INCOMEI(EXPENDITURE)
Net incomel(expenditure) is stated after ¢harging1(Cr￿it1ftg):
2024
2023
Audilors, remuneration
Depreciation - owned assets
8,112
68,134
7,828
82,327
Page 16
continued...

South Essex G nJna5ties Club Limited
Notes to the Financial Statements - conlinued
for Ihe Year Ended 31 Ma ' 2024
12.
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 May 2024 nor for the year ended
31 May 2023.
Truste¢s' expenses
There were no trustees, expenses paid for the year ended 31 May 2024 nor for the year ended 31 May 2023.
13.
STAFF COSTS
2024
2023
Wages and salaries
s￿la1 security costs
Other pension costs
1,190,509
50,840
24,917
1,118,384
53,864
24,494
1,266,266
1,196,742
The average monthly number of employees during the year was as follows:
2024
102
2023
95
Charitable adivities and general otyice
The number of employees whose employee benefits {excluding employer pension costs) exceeded £60,000 was:
2024
2023
£80,001- £90,000
14.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
Restricted
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
45,154
45,154
Charitsble activities
Gymnasttcs
1,535,992
1,535,992
Other trading activities
Inveslment income
Other income
76,254
969
1,381
76,254
969
1,381
Totsl
1,659,750
1,659,750
EXPENDITURE ON
Raising fjjnds
10,921
10,921
Charilable activities
Gymnastics
1,727,311
1,727,311
Total
1,738,232
1,738,232
IYET JNCOMEI(EXPENDITURE)
(78,482)
(78,482)
Page 17
continued...

South Essex G
mnastics Club Limil¢d
Not￿ to the Financial Slatements- eontlDued
for the Year Ended 31 Ma
2024
14.
COMPARATIVES FOR THE STA TEMENT OF FINANCIAL ACTJVITIES - continued
Unrestricted
Restricted
nd
fimd
Totsl
funds
RECONCILIATION OF FUNDS
Total funds brought forward
575,571
575,571
TOTAL FUNDS CARRIED FORWARD
497,089
497,089
15.
TANGIBLE FIXED ASSETS
Improvements
Plant and
machinery
property
Totals
COST
At l June 2023
Additions
230,868
887,883
28,482
1,118,751
28,482
At 31 May 2024
230,868
916,365
,147,233
DEPRECIATION
At l June 2023
Charge for year
58,786
12.826
775,905
55,308
834,691
68,134
At 31 May 2024
71,612
831,213
902,825
NET BOOK VALUE
At 31 May 2024
159,256
85,152
244,408
At 31 May 2023
172,082
111,978
284,060
16.
STOCKS
2024
2023
Stocks
18,301
9,170
17.
DEBTORS: AMOUNTS FALLING DUE WITHIN OIYE YEAR
2024
2023
Trad¢ debtors
Prepawlents
7,884
59,024
7,553
47,296
66,908
54,849
Page18
ontinued...

South Essex G mnastics Club Limited
Notes to the Financial Statements - continued
for the Year Ended 31 Ma 2024
i&
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Other loans (see note 20)
Trade creditors
AccNals and prepaid income
04,622
2,416
42,332
60,233
5,185
47,118
109,370
112,536
19.
CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
2024
2023
Other loans (se¢ note 20)
67,764
132,386
20.
LOANS
An analysis of the maturity of loans is given below:
2024
2023
Amounts falling due within on¢ year on demand:
Other loans
64,622
60,233
Amounts falling between one and two years..
Other loans - 1-2 years
67,764
64,622
Amounts falling due betwe¢n two and five years:
Other loans - 2-5 years
67,764
21.
LEASING AGREEMENTS
Minimum lease payn¢nts under noD-cancellable operating leases fall du¢ as follows-
2024
2023
In more than five years
120,884
115,184
22.
ANAL YSIS OF NET ASSETS BETWEEN FUNDS
2024
Total
funds
2023
Total
fimds
Unrestricted
nd
Restricted
fund
Fixed assets
Current assets
Current liabilities
Long tenn liabilities
244,408
453,915
(109,370)
(67,764)
244,408
453,915
(109,370)
(67,764)
284,060
457,951
(112,536)
(132,386)
521.189
521,189
497,089
Page 19
continued..

South Essex G
mnasties Club Limited
Notes to the Financial Statements - eontlDued
for the Year Ended 31 Ma ' 2024
23.
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.5.24
At 1.6.23
Unrestricted funds
General fund
497,089
24,100
521,189
TOTAL FUNDS
497,089
24,100
521,189
Nct movement in funds. included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
1,874,810
(1,850,710)
24,100
TOTAL FUNDS
1,874,810
(1,850,710)
24,100
Comparatives for movement in funds
Net
movement
in funds
At
31.5.23
At 1.6.22
Unrestricted funds
General fund
575,571
(78,482)
497,089
TOTAL FUNDS
575,571
{78,482)
497,089
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General ￿nd
1,659,750
(1,738,232)
(78,482)
TOTAL FUNDS
1,659,750
(1,738,232)
(78,482)
Page 20
continued...

South Essex G
mnastics Club Limited
Notes to the Ffinancial Statejnents - continued
for the Year Ended 31 Mal 2024
23.
MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined position is as follows:
Net
mov¢ment
in funds
At
31.5.24
At 1.6.22
Unrestricted funds
General fund
575,571
{54,382)
521,189
TOTAL FUNDS
575,571
(54,382)
521,189
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are
as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
Gen¢ral fund
3,534,560
(3.588,942)
(54,382)
TOTAL FUNDS
3,534,560
(3,588,942)
(54,382)
24.
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 May 2024.
Page21

South Essex G mnasties Club Lfimited
Delalled Statement of Financial Activities
ror the Year Ended 31 Ma 2024
2024
2023
INCOME AND ENDOWMENTS
Donations and legacies
Fun(]raising events
Grants
35,452
27,571
30,579
14,575
63,023
45,154
Other trading activities
ClothingT sales
Children's parties
9,320
65,264
15,192
61,062
74,584
76,254
Investmenl iDcome
Deposit account interest
2,826
969
Charitable activities
Membership fees
Recreation & preschool fees
Mother & toddler fun sessions
Adult session fees
Freestyle
Miscellaneous fees
Special needs fees
706,410
877,972
88,508
11,014
28,468
4,654
13,621
617.516
795,017
64,311
11,277
27,571
6,004
14,296
1,730,647
1,535,992
Other income
Room & equipment hire
3,730
1,381
Total incoming resources
,874,810
1,659,750
EXPENDITURE
Other trading activities
Opening stock
Clothing costs
Closing stock
9,170
15,983
(18,301)
8,313
11,778
(9,170)
6,852
10,921
Charitable activities
Coaching fees
Social security
Pension5
B.G. a￿lIlation
Competition fees
Training costs
Caffied forward
831,845
50,840
24.917
52,303
17,903
7,245
985,053
800,657
53,864
24,494
45,665
26,943
6,000
957,623
This page does not forn) part of the statutory fjnancial staternents
Page 22

South Essex G
mnastics Club Limited
Delgiled Statement of Flnancial Activities
for the Year Ended 31 Ma
2024
2024
2023
Charitable activities
Brought fonvard
Sundry equipment & n￿IntenanCe
Trdvelling contributions
Sponsorship fees
Improvements to property
Plant and machinery
985,053
11,236
29,156
16,853
12,826
55,308
957,623
5.681
18,272
14,520
12,826
69,497
,110,432
1,078,419
Support costs
Management
Rent & other hall costs
Buildings insurance
Building maintenance
Computer maintenance & software
225,687
5,050
4,544
97,401
201,166
5,233
5,578
73,492
332,682
285,469
Finance
Bank charges
Bank loan interest
5,867
11,606
4,931
14,457
17,473
19,388
O￿lee staff costs
General office staff
358,664
317,727
General overhead costs
Advertising
Postage and stationery
Clothing
1,279
7,934
4,040
806
11,404
2,115
13,253
14,325
Sundry cosls
Sundries
144
1,043
Covernance e05ts
Auditors, remuneration
Awountancy and professional fees
8,112
3,098
7,828
3,112
11,210
10,940
Total resources expended
1,850,710
1,738,232
Net ineome/(expenditure)
24,100
(78,482)
This page does not forn] part of the ststutory financial statements
Page 23