**Charity registration number 1139679 (England and Wales) Company registration number 07452976**
**FAVERSHAM COMMUNITY GYMNASTIC AND ACTIVITY CENTRE Annual Report And Unaudited Financial Statements For The Year Ended 31 March 2025**
## **Faversham Community Gymnastic and Activity Centre**
## **Legal And Administrative Information**
|**Trustees**|SC Wolfe||
|---|---|---|
||ER Prince||
||SM Church|(Appointed 30 August 2025)|
|**Charity number (England and Wales)**|1139679||
|**Company number**|07452976||
|**Registered office**|Queen Elizabeth II Jubilee Centre||
||23A Whitstable Road||
||Faversham||
||Kent||
||England||
||ME13 8BF||
|**Independent examiner**|Chavereys Limited||
||The Goods Shed||
||Jubilee Way||
||Faversham||
||Kent||
||England||
||ME13 8GD||
## **Faversham Community Gymnastic and Activity Centre**
## **Contents**
||**Page**|
|---|---|
|Trustees report|1 - 2|
|Statement of trustees responsibilities||
|Independent examiner's report|3|
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the financial statements|6 - 14|
## **Faversham Community Gymnastic and Activity Centre**
## **Trustees Report (Including Directors' Report)**
## **For The Year Ended 31 March 2025**
The trustees present their annual report and financial statements for the year ended 31 March 2025. The annual report serves the purposes of both a trustees' report and a directors' report under company law.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and "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 1 January 2019).
## **Objectives and activities**
The objects of the charity are to assist in the provision of facilities to encourage physical and recreational activity for the benefit of the general public of all ages with the object of improving the conditions of life for such persons.
The charity provides facilities to the people of Faversham and the surrounding areas to enjoy gymnastic and fitness activities. There are no restrictions on who can take advantage of the facilities and the charity actively encourages disadvantaged and disabled members of society to take part in the activities available.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Activities undertaken to achieve objectives**
The Centre continues to provide a range of classes and facilities for local people. In addition to the gymnastic classes, there is a medium size fitness suite, the soft play and birthday parties are organised.
## **Achievements and performance**
Soft Play now only requires online advance booking at weekends. The demand for gymnastic classes is still high and we were able to increase the number offered to make inroads on the waiting list. Subject to having suitably qualified coaches, we are committed to continue our elite classes and to that end continue to provide further training for staff. Holiday camps have become a popular option too.
## **Financial review**
The Centre has continued to show improvement in its operational deficit and, with support from trustees, management has continued to control costs and maximise income. The net deficit before investment valuation movements has reduced to £31,952 (2024 - deficit of £55,710).
Price rises have largely helped to increase the turnover and fortunately we have not lost members despite the price rises.
The statement of financial activities shows total incoming resources of £478,322 (2024 - £439,393) and outgoing expenditure of £510,274 (2024 - £495,103).
The total reserves at the year end were £1,373,336, of which £734,763 were liquid.
After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
The trustees policy relating to the reserves continue to be that they can be used to fund the replacement of the building when it reaches the end of its useful life.
## **Structure, governance and management**
The charity is constituted as a company limited by guarantee and is therefore governed by a memorandum and articles of association. The directors of the company are also trustees of the charity. Eligibility for membership of the charity, and membership of the board of trustees, is governed by the memorandum and articles of association. There are no restriction in the governing document on the operation of the charity or on its investment powers, other than those imposed by general charity law.
- 1 -
Faversham Community Gymnastic and Activity Centre
Trustees Report (Including Directors. Report) (Continued)
ForTheYear Ended 31 March 2025
The trusoe4 who are also the direcwrs for the purpose of cornpany law, and who served during the year and up to the date
of si¥Tratwe ofthe fina*cial statements wéw.
Scwolfe
ER Prince
DR Prlnce
SM Church
{Resigned 31 August 2025
{Appolnted 30August 20251
When Dew or additional trusteps 3r¢ required then nominations are invited from the general public and subject to thelr
ctsmpllante wlth the MemoraTrdum andArfcle5 oIAssoc¢atlon they are ¢ortsidered by the board of trustees for elecdoTh.
None of the trustees has any benelelal Interest in the company. All ol the trustees are members ol tho company and
guarantee to contribute £1 in the event of a wlnding up.
Statement of trustees re5ponslbilltles
The trustees, who are also the dlrecwrs of Faversham Community Gymn151ic and Aciivity Centre for the purpose of company
IAW. are responsible for preparing the Trustees Report and the financial staternents accordance with applicable law and
Unitsd KingdomAccounting Stsndards (United Kingdom GenerallyAccepted Accouniirsg Practice).
The trustees report was approved ty the Board olTruthes.
SCWDlfe
Trustee
Datv....
Faversham Community Gymnastic and Activity Centre
Independent Examiner's Report
ToTheTru5tee5 Of Faversham Community Gymnastic and Activity Centre
I report to the trustees on my examination of the financial statements of Faversham Communiry Gymnastic and Actyvity
Centre Ithe charity) for the year ended 31 March 2025.
Responsibilities and basis of report
the trustees of the charity land also its directors for the purposes of company lawl, you are responsible for the
prepaTrtion of the financial Statements in accordan with the requirprnents of the Cornpanies Act 2006.
Haying sat151iEd myself that the fiDaTrcial statements of the charity are not required to be audited under Part 16 of the
COMnIeS Act 2006 and are eligible for independent examination, I rEport in respect of ry examination of the charitys
financial ststements carried out under section 145 of the Charities Act 2011. In carrying tsut my examination I have followed
the Directions given by the Charity Cotntnission under section 14515llbl of the CharitiesAct 2011.
Independent examiner's statement
Since the charrtys gross income exceeded £250,000, the independent eXlIner must be a member of a body listed in section
145 of the chariti Act 2011. I confirrn that l am qualrfied to undertake the exarninaiion because l atn a member of ICAEW,
which is one of the listed bodi¥.
I have cornpleted my exarnination. I confirm that no matters haye come to my attention in connection with the e*dminatlon
ving me cause to believe that in any material respect
accounting records were not kept in respect of the charity as required by Section 386 of the Corllpanies Act 2006.
the financial statements do not accord those record5', or
the financial 5tatemEnt5 do not comply with (he BC¢OUnting requirements of section 396 of the Companies Act 2Crt)6
other than any requirement that the tinancial statements give a true and lair Yiew, which is not a mattsr considered a5
parc of an independent e¥aminauon',or
the financial statements have not been prepared in accordance with the methods and principles of the 5tstement of
Recotnmended Practite for accounung and reporring by charities applicable to charities preparing their financial
statements in accordance with the Financi Reportyng Sttndard applicable in the UK and Republic of Ireland IFKS 1021.
I have no concern5 and have come across no other tnatters in connection with the exatnination to which attention 5hDuld be
drawn in this report in order to enable a proper understanding of the financial statements to be reached.
lain Morris
ICAEW
Chavertys Limittd
The Goods Shed
lubileeway
Faversham
Kent
ME138GD
England
Dated=' j
## **Faversham Community Gymnastic and Activity Centre**
## **Statement Of Financial Activities Including Income And Expenditure Account**
## **For The Year Ended 31 March 2025**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2025**|**2024**|
||**Notes**|**£**|**£**|
|**Income from:**||||
|Donations and legacies|**2**|**11**|_21_|
|Charitable activities|**3**|**442,438**|_397,383_|
|Investments|**4**|**35,873**|_41,989_|
|**Total income**||**478,322**|_439,393_|
|**Expenditure on:**||||
|Charitable activities|**5**|**510,274**|_495,103_|
|**Total expenditure**||**510,274**|_495,103_|
|Net gains/(losses) on investments|**10**|**11,200**|_(42,754)_|
|**Net expenditure and movement in funds**||**(20,752)**|_(98,464)_|
|**Reconciliation of funds:**||||
|Fund balances at 1 April 2024||**1,394,088**|_1,492,552_|
|**Fund balances at 31 March 2025**||**1,373,336**|_1,394,088_|
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
- 4 -
Faversham Community Gymnastic and Activity Centre
Balance Sheet
As At 31 March 2025
2025
2024
Nots5
Flx¢d assets
Tanglblè assets
649,970
676,080
Current #$5•ts
Stocks
Debtor5
Investments
Cash at bank and hand
3.709
1,231
671,916
62,847
3.709
16,916
660.716
59,398
14
739,703
740.739
Credltor5:amounts falllng due wlthln on8
yoar
(16,337)
{22,731)
Net rurront a55•ts
723.366
718,008
Total ass8t5 léss eurrènt Il#bllltie5
,373,336
1,394,088
Th• fund$ of the charlty
Unrestricted lunds
18
l J73,336
1.394.088
1,373,330
1.394.088
The company 1$ entided to the exemption from the audlt requlrement contalned l* settlon 477 of the Companie5 Act 20¢)6.
for the year ended 31 March 2025.
The directors 2tk*owledge their respon$ibllldes for complyirvd With the requlrements of the Companles Act 2& with respect
to accountirq record5 and the preparation of financial staternents.
The members have not required the company to obtsin an audlt of irs financial statements for the year in questiorE I
atcordance wTrth sectlon 476.
These financial staoments have been prepared accordance with the pmvislons applicable to tompanies subject to the Small
companles reglme.
The financial sratsmtnts were approved by the trustees on...
Scwolfe
Truste
Company re8l$tratlon number 07452976 (England andW31e51
## **Faversham Community Gymnastic and Activity Centre**
## **Notes To The Financial Statements For The Year Ended 31 March 2025**
## **1 Accounting policies**
## **Charity information**
Faversham Community Gymnastic and Activity Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is Queen Elizabeth II Jubilee Centre, 23A Whitstable Road, Faversham, Kent, ME13 8BF, England.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 6 -
## **Faversham Community Gymnastic and Activity Centre**
## **Notes To The Financial Statements (Continued)**
## **For The Year Ended 31 March 2025**
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings 2-5% straight line Plant and equipment 10-25% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
## **1.8 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **1.9 Investments**
Investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.
## **2 Income from donations and legacies**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Donations and gifts|**11**|_21_|
- 7 -
## **Faversham Community Gymnastic and Activity Centre**
## **Notes To The Financial Statements (Continued)**
## **For The Year Ended 31 March 2025**
## **3 Charitable activities**
|Sales within charitable activities
Other income|**Gym fees**
**Adventure**
**play and hire**
**Gym hire,**
**parties and**
**clubs**
**Clothing and**
**awards**
**Café takings**
**2025**
**2025**
**2025**
**2025**
**2025**
**£**
**£**
**£**
**£**
**£**
**239,989**
**65,318**
**52,866**
**5,334**
**62,148**
**-**
**-**
**-**
**-**
**-**
**239,989**
**65,318**
**52,866**
**5,334**
**62,148**|**Classes Other income**
**2025**
**2025**
**£**
**£**
**13,551**
**1,436**
**-**
**1,796**
**13,551**
**3,232**|**Total**
**2025**
**£**
**440,642**
**1,796**
**442,438**|**Total**
**2024**
**£**
_395,371_
_2,012_|
|---|---|---|---|---|
|||||_397,383_|
## **For the year ended 31 March 2024**
|Sales within charitable activities
Other income|**Gym fees**
**Adventure**
**play and hire**
**Gym hire,**
**parties and**
**clubs**
**Clothing and**
**awards**
**Café takings**
**£**
**£**
**£**
**£**
**£**
**202,521**
**68,003**
**42,100**
**7,864**
**60,437**
**-**
**-**
**-**
**-**
**-**
**202,521**
**68,003**
**42,100**
**7,864**
**60,437**|**Classes Other income**
**£**
**£**
**13,032**
**1,414**
**-**
**2,012**
**13,032**
**3,426**|**Total**
**2024**
**£**
**395,371**
**2,012**|
|---|---|---|---|
||||**397,383**|
- 8 -
## **Faversham Community Gymnastic and Activity Centre**
## **Notes To The Financial Statements (Continued)**
## **For The Year Ended 31 March 2025**
## **4 Income from investments**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
||**£**|**£**|
|Income from other investments|**35,384**|_41,256_|
|Interest receivable|**489**|_733_|
||**35,873**|_41,989_|
## **5 Expenditure on charitable activities**
||**Charitable**|**Charitable**|
|---|---|---|
||**expenditure**|**expenditure**|
||**2025**|**2024**|
||**£**|**£**|
|**Direct costs**|||
|Staff costs|**303,280**|_291,614_|
|Recruitment costs|**-**|_450_|
|Training and welfare|**2,478**|_4,393_|
|Cafe and party purchases|**34,642**|_30,987_|
|Clothing purchases|**1,415**|_4,009_|
|Badges and trophies|**993**|_919_|
|Gym costs|**2,838**|_3,174_|
|Change in inventories|**-**|_(201)_|
||**345,646**|_335,345_|
|**Share of support and governance costs (see note 6)**|||
|Support|**161,603**|_155,708_|
|Governance|**3,025**|_4,050_|
||**510,274**|_495,103_|
|**Analysis by fund**|||
|Unrestricted funds|**510,274**|_495,103_|
- 9 -
## **Faversham Community Gymnastic and Activity Centre**
## **Notes To The Financial Statements (Continued)**
## **For The Year Ended 31 March 2025**
## **6 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Depreciation
**29,137**
**-**
Premises
**73,749**
**-**
General office
**47,962**
**-**
Irrecoverable VAT
**10,755**
**-**
Independent examination
**-**
**2,775**
Other accountancy fees
**-**
**250**
**161,603**
**3,025**
Analysed between
Charitable activities
**161,603**
**3,025**|**2025**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
**£**
**29,137**
_26,668_
_-_
**73,749**
_74,987_
_-_
**47,962**
_46,485_
_-_
**10,755**
_7,568_
_-_
**2,775**
_-_
_2,750_
**250**
_-_
_1,300_
**164,628**
_155,708_
_4,050_
**164,628**
_155,708_
_4,050_|**2024**
**£**
_26,668_
_74,987_
_46,485_
_7,568_
_2,750_
_1,300_|
|---|---|---|
|||_159,758_|
|||_159,758_|
Governance costs includes fees payable to the charity's independent examiner for the independent examination of the charity's annual accounts of £2,775 (2024- £2,750) and other accountancy fees of £250 (2024 - £1,300).
|**7**|**Net movement in funds**|**2025**|**2024**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Fees payable for the independent examination of the charity's financial statements|**2,775**|_2,750_|
||Depreciation of owned tangible fixed assets|**29,137**|_26,668_|
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
## **9 Employees**
The average monthly number of employees during the year was:
||**2025**|**2024**|
|---|---|---|
||**Number**|**Number**|
|Staff|**22**|_27_|
- 10 -
## **Faversham Community Gymnastic and Activity Centre**
## **Notes To The Financial Statements (Continued)**
## **For The Year Ended 31 March 2025**
|**9**
**Employees**
**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**(Continued)**
**2025**
**2024**
**£**
**£**
**286,483**
_293,103_
**11,490**
_(7,104)_
**5,307**
_5,615_
**303,280**
_291,614_|
|---|---|
There were no employees whose annual remuneration was more than £60,000.
## **10 Gains and losses on investments**
||**Unrestricted**|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2025**|**2024**|
|Gains/(losses) arising on:|**£**|**£**|
|Revaluation of investments|**11,200**|_(43,386)_|
|Sale of investments|**-**|_632_|
||**11,200**|_(42,754)_|
## **11 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
- 11 -
## **Faversham Community Gymnastic and Activity Centre**
## **Notes To The Financial Statements (Continued)**
## **For The Year Ended 31 March 2025**
|**12**
**Tangible fixed assets**
**Leasehold land**
**and buildings**
**£**
**Cost**
At 1 April 2024
**1,210,722**
Additions
**-**
At 31 March 2025
**1,210,722**
**Depreciation and impairment**
At 1 April 2024
**545,154**
Depreciation charged in the year
**24,961**
At 31 March 2025
**570,115**
**Carrying amount**
At 31 March 2025
**640,607**
At 31 March 2024
_665,568_
**13**
**Stocks**
Finished goods and goods for resale
**14**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income
**15**
**Current asset investments**
Unlisted investments||**Plant and**
**equipment**
**£**
**701,313**
**3,027**
**704,340**
**690,801**
**4,176**
**694,977**
**9,363**
_10,512_
**2025**
**£**
**3,709**
**2025**
**£**
**1,231**
**-**
**1,231**
**2025**
**£**
**671,916**|**Total**
**£**
**1,912,035**
**3,027**|
|---|---|---|---|
||||**1,915,062**|
||||**1,235,955**
**29,137**|
||||**1,265,092**|
||||**649,970**|
||||_676,080_|
||||**2024**
**£**
_3,709_|
||||**2024**
**£**
_2,466_
_14,450_|
||||_16,916_|
||||**2024**
**£**
_660,716_|
The investments are remeasured to fair value at the year end. Fair value is determined using the quoted market price in an active market. The historical cost of the investments is £736,787.
- 12 -
## **Faversham Community Gymnastic and Activity Centre**
## **Notes To The Financial Statements (Continued)**
## **For The Year Ended 31 March 2025**
## **16 Creditors: amounts falling due within one year**
|**16**
**Creditors: amounts falling due within one year**|||
|---|---|---|
|Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
**17**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**2025**
**£**
**8,602**
**1,843**
**-**
**5,892**
**16,337**
**2025**
**£**
**5,307**|**2024**
**£**
_8,391_
_3,257_
_1,046_
_10,037_|
|||**22,731**|
|||**2024**
**£**
_5,615_|
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
## **18 Unrestricted funds**
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
|General funds
**Previous year:**
General funds|**At 1 April**
**2024**
**£**
**1,394,088**
**At 1 April**
**2023**
**£**
_1,492,552_|**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
**478,322**
**(510,274)**
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
_439,393_
_(495,103)_|**Gains and**
**losses**
**At 31 March**
**2025**
**£**
**£**
**11,200**
**1,373,336**
**Gains and**
**losses**
**At 31 March**
**2024**
**£**
**£**
_(42,754)_
_1,394,088_|
|---|---|---|---|
- 13 -
## **Faversham Community Gymnastic and Activity Centre**
## **Notes To The Financial Statements (Continued)**
## **For The Year Ended 31 March 2025**
## **19 Analysis of net assets between funds**
||**Unrestricted**|
|---|---|
||**funds**|
||**2025**|
||**£**|
|**At 31 March 2025:**||
|Tangible assets|**649,970**|
|Current assets/(liabilities)|**723,366**|
||**1,373,336**|
||**Unrestricted**|
||**funds**|
||**2024**|
||**£**|
|**At 31 March 2024:**||
|Tangible assets|_676,080_|
|Current assets/(liabilities)|_718,008_|
||_1,394,088_|
## **20 Related party transactions**
There were no disclosable related party transactions during the year (2024 - none).
- 14 -
## **Favesham Community Gymnastic and Activity Centre**
## **Detailed profit and loss account for the year ended 31 March 2025**
|Donations and legacies
Charitable activities
Investments
**Less: Expenses**
Direct expenses
Support and governance costs
**Net expenditure before net gains/(loss) on investments**
Net (losses)/gains on investments
**Net movement in funds**|**2025**
**£**
11
442,438
35,873
**478,322**
345,646
164,628
**510,274**
**(31,952)**
11,200
**(20,752)**|**2024**
**£**
21
397,383
41,989|
|---|---|---|
|||439,393
335,345
159,758|
|||495,103|
|||(55,710)|
|||(42,754)|
|||(98,464)|
- 15 -
## **Favesham Community Gymnastic and Activity Centre**
## **Schedule to the detailed accounts**
## **for the year ended 31 March 2025**
|**Income**
**Donations and legacies**
Donations
**Charitable activities**
Gym fees - members
Adventure play fees and hire
Gym hire, parties and clubs
Clothing, badges and trophies
Café takings
Classes
Other income
**Investments**
Income from other investments
Bank deposit interest|**2025**
**£**
11
**11**
**2025**
**£**
239,989
65,318
52,866
5,334
62,148
13,551
3,232
**442,438**
**2025**
**£**
35,384
489
**35,873**|**2024**
**£**
263|
|---|---|---|
|||263|
|||**2024**
**£**
202,521
68,003
42,100
7,864
60,437
13,032
3,426|
|||397,383|
|||**2024**
**£**
41,256
733|
|||41,989|
- 16 -
## **Favesham Community Gymnastic and Activity Centre**
## **Schedule to the detailed accounts**
## **for the year ended 31 March 2025**
|**Expenditure**
**Direct expenses**
Gross wages and salaries
Employers national insurance contributions
Employers pension contributions
Recruitment costs
Training and welfare
Café and party purchases
Clothing purchases
Badges and trophies
Gym purchases
Change in inventories
**Support costs**
**Premises**
Rent
Rates
Light and heat
Repairs and maintenance
Insurance
Cleaning|**2025**
**£**
286,483
11,490
5,307
-
2,478
34,642
1,415
993
2,838
-
**345,646**
**2025**
**£**
3,136
1,300
30,901
22,395
12,874
3,143
**73,749**|**2024**
**£**
293,103
(7,104)
5,615
450
4,393
30,987
4,009
919
3,174
(201)|
|---|---|---|
|||335,345|
|||**2024**
**£**
3,027
5,196
29,099
21,447
12,611
3,607|
|||74,987|
- 17 -
## **Favesham Community Gymnastic and Activity Centre**
## **Schedule to the detailed accounts**
## **for the year ended 31 March 2025**
|**General office costs**
Telephone
Other office costs
Advertising and PR
Subscriptions and fees
Awards made
Stationery and printing
Consultancy fees
Bank charges
Sundry expenses
Interest on overdue VAT liability
**Depreciation**
Depreciation on leasehold property
Depreciation on plant and machinery
**Irrecoverable VAT**
Irrecoverable VAT
**Governance costs**
Accountancy
**Total support costs**|**2025**
**2024**
**£**
**£**
2,016
1,793
1,304
1,154
496
346
6,194
5,418
2,000
5,000
1,984
2,130
4,840
4,657
16,105
12,393
13,023
11,161
-
2,433
**47,962**
46,485
**2025**
**2024**
**£**
**£**
24,961
24,961
4,176
1,707
**29,137**
26,668
**2024**
**2024**
**£**
**£**
10,755
7,568
**10,755**
7,568
**2025**
**2024**
**£**
**£**
3,025
4,050
**3,025**
4,050
**164,628**
159,758|
|---|---|
- 18 -
## **Favesham Community Gymnastic and Activity Centre**
## **Schedule to the detailed accounts**
## **for the year ended 31 March 2025**
|**Investment gains and losses**
Revaluation of investments
Gain on sale of investments|**2025**
**2024**
**£**
**£**
11,200
(43,386)
-
632
**11,200**
(42,754)|
|---|---|
- 19 -