Charity registration nunibcr". 1140377 Fenland Gymnastics Academy Annual Report and Fknancial Siaiemenis for the Year Ended 31 December 2024
Fenland Gymnastics Academy Conlents Reference and Adminisiralive Details TNsiees' Repon Siaietnent of Trnstees. Responsibilities Independent Ex<Lminer'% Repon Sialemenl ol Financial Aclivilies Balance Sheet Notes ITh the Financi81 Siatemenis 8 10 15
Fenlgnd Gyjnnastics Academy Reference and Administrative Details Tru5tee$ Toni Cl<irk (Ch,.,, ) Karrina Rowe MiLhacla Elatn Elizabeth EluiilL PrincipAI Office 21 Algores Way Wi8be¢h Cambs PE13 2TQ Charit). Registration Number 1140377 Bankers I Cornhill Wisbech Cambs PE13 INA Jndcptndcni F.iaTniner TC Group G14 The Boaihouse Business Cen(re l HaTbour Square Wisbech C'ambs PL13 3LIH Pag¢ I
Fenland Gymnastics Ac8demy Trustees, Report -rhe Ituslees PTesent Ilie annual ieport iogeihei Wlih the flnancial Slaleinenl.% ol the charity lor the year ended 31 Decejnber 2024. Obj(ClIveS and acli%ili¢g Objec15 ond aims Thv ¢haiily Wiis fortn¢d Iv prvTnuIY PTuvide hi¥h [fUrtan¢# gytnn3%1i¥s for members ai all lei'els and abilities fruTn pvrfotTniinre gymriaslics to fouridalion Irvel and provide high p¢Ffvrtn1¢e ¥ymnasii¥s faLililieb fvr Ihe benefit of the itthabilanls of Wi5b¢ch and surtoundin¥ areab. TogTeihei 'ith th¢ proTholivIi of iumillullily parliiipJlivn in liealihy r¢Lr¢aliun by the PlOVi5iL)n uf faLilili¢s for Ihe spori gymn8siiLS. PlJI1¢ henefil Fcnland Gymna%liL% Acadtmy Is commillLd to Iht prov14Jon c)f quality faLilIliL% dnd the development of ¥ymnaslic% in Catnbndgc%hirc arca. Thc gytnna.%lic4 academy prnvidcs opportunilic% fur all abililirs, fuTm rc¢allnill clo%%c%, counly i¢gional Iraining. Ciianl8cnnsidered are Equiptncnl Cyranl.% and CoiiLhin¥ Training Cnur.4e BTant%. Thc IrJ8iLcs confirni (hai Ihcy havc complied with the rcquircmcnt% of scction 17 of the Chariiie% Aci 2011 10 have duc regard lo thc public bcncfit guidancc published by thc Charity CoInniission for Englaiid and Wales. Finllncial review Inveilmenlpolic). and objeclivej The levels v(Lash rcs¢rves vieWed on a regular bus15. Structure, goveriignce gnd nianagement Nailire ofgoveriiing docuNi*ttr 'I"he ch311ty'5 governing document is a consliiulion adopied oti I l February 2011. Recruiimenl appDinlmeiii of truslees All Iru4lcc% iirc appoinlcd by the un<illimOUS agreetnenl of the Iruflee%' commiltcc. The IN%lee'% have the power 10 appoint any person a a Iruslee. Ovcrall rc%ponsibility lic.% with thc tn]%lee. The number of iruslccs %hall not bc Ic%% Ihan 3, but shall noi have a niax1TnU. Financial in51rurRenl OhjÈiiiWÉJ UPIdplIc.1e. The charity's acii%'itie.% cxpnse il tn a nuinher nf fiiiaiicial ri.%ks including credit risk, Ca]1 ftow risk aiid liquidity ri8k. The u.%e nf financial derJvalive8 is goK'emed by Ihe chariiy's poli¢Leq 3pproved hy Ilie board of irn%ice8, wljich provide written principles on the use ol- financial derikaiives to manage Ihese risks. The cliariiy doeb noi use derivative firiancial Instruments lor 5peculali¥e putposes. Pw2
Fenland Gymnastics Academy Trustees, Report Ca.fhflow ri.sk Thc charity CJL%urc.% thai il is ablc io mecl commiiJnen18 on a day to day basis, il cxposcd io thc fItncIal ri%ks of changcs in intercsi raic%. Credii risk The charity's piincipal financial assels are bank balance5 and cash, trade and other rectiyables, and investmenls. The ¢hatJly's credit risk is priinarily aiirJbuiÈble 10 Ils Irade ieceLI'able.%. -I'he atnounis presented in ihe balance -%heei are nel Of allowance% lor doubtful receivables. An allowunce for inipairnieiit is made wheie there an idenlifjed 10%5 eveni whiLh, ba%ed on previou% cxperiencL, i% cvidcnce of a rcductkon kn ihL fLLoverabiliiy of thc cash flows. The credii risk on liquid fund% and derivaiive financial insiruii)enls i% liniiicd because Ihe Coun1eart1eS are bank% wilh high credit-raiings a%%igned by ititerndiional iredii-rdiiiig dgCIILICg. The Lliariiy lid% nu %ignifiCl Loncet)IrdtioJi of crcdii ri4k. willi cxp04urc 4prcad OVLr a large t)uti)bL'r of couiiierp&rtic% and cu%ioiiicr Li411idiry risk In order (o mainlain liquidiiy 10 tnsure thai suffiLi¢ni funds are availablt for on8OLng operaliojis and future dei'elopm¢iits. the cliarily uses ils operalinE Cash tlows in order to meei ¢omniiim¢n15 and obligaiions as Iliey fall due. Creditor payment policy Creditors art paid by the charity within Ihc Supplicrs icmi% %iaicd. -I'he atLnual r¢purt W(15 appruycd by the Itusl¢ts of ihe chaTity on A.. nd sixned oil 115 belialf by-. -] oni Clark Truslec Page 3
Fenland Gymnastics Academy Statement of Trustcc$' Responsibilitics The Iruslees are responsible for preparing Ihe iTuslees' report and the fjnancial 5talemenls in accordance witli the United Kingdoni Accounliiig Standards Iunjled Kingdoni Generally Accepted Accounlitlg Praclicel and applicable law and regulalioiis. -I'he law applicable lo charilles ieqiiire5 the Iruslee5 to prepare financial statements for each fjnancial year which 8ii'e a Itue and fair vic. of Ilie 51ale of alfairs ol Ihe charity and of Ihe incoining resouice5 and application of rc%ources Olihe charilv for that period Ln preparing ihe.%c financial %lalenietil%, the trusiees aTe required 10.- select suitable atycouniing polityies and ihen apply them COn¥iSlrntly; obs¢Tr't Ihe meihods and principles in the ChJriiies SORP.. Aiake judgements and eslimales thal are reasorlable and prudenl. siaie tvheiher applicable ac¢ouniing siartdard8 have been followed, subject io any material dep3rnJre.% di%elosed and explained in the financial siaiemenis,. and prepare the financial s131emen¢s on the going ¢tsncem basi8 unle*s il is Lnappropnate io presume thai the charity will ¢oniinue in business The Iruslees are responsible for keeping proper accounting records Ihat disclose wilh reasonable accuracy at any lime the rtnancial position of the charity ad enable them 10 ensure thai the financial sialemenls comply wilh the Chaiiiies A¢1 2011, the applicable Charities (Accounis and Reportsl Regulaiions, and the prowisions of the consiiiulion. The trusiees ale also respons&ble for gale8uardin¥ the a%8eis of the chari(y and hertce for tsking reasonable sieps for Ihe prevention and deie¢iion tsf fiaud and othei Lrregulaiilies. Approved by Ihe tnisiees af the tharIly on .and signed on J1.% behalf hy". Tojii Cllc rk Pagc 4
Fenland Gymnastics Academy Indtpendtnt Examlner's Report to thc trustecs of Fenland Gymnastics Academy I rcport In ilic cliarity trustee% on my examinarion of the accounts of the charity for Ihe year elided 31 December 2(124 H'liich are sei out on pages 6 10 15. Respectlve respollslbi1Stles of irusttes Ind txaminer AS ihc charity'% tru8icc% of Fciiland Gynina%tic% Academy you are re%pon8ible for Ihe preparalinn of Ihe accounis in accnrdancc willi ihc requiremeni8 of ihe Chanties Aci 2011 I'ihe Aci. I repon in respe¢1 of my eXlindI70n of thy Fenlitnd liyinn3sliLb ALademy's a¢¢ounib carried uui under bei¢ion 145 0( Ihe ?01 l Act and in carrying oul Iny eKaminalion I have fvllowed all Ihr appliLable Direciioiis given by the Chariiy Comniission unLler 8eciion 14515llbl of Ihe ALI. Iiidepeihden¢ exaniirJer'5 Sta(enieiit I have completed my examination. l ¢onfimi that no niaierial m411ers liave LLiine io my allvntiorl in ¢unneLILon Wbih Ihe exan)inaiion givii)g Jne caus¥ lo believe Ilidl iii any tnal¢rial re5p¢cI". accaunling records were not kepl ill respeci of Fenland Gymnasiics Academy a% T¢quired by.Yclion 130 of Ihe Act; or 2. Ihe dLcoun15 do not accord with ihose iecord5" or 3. 11)c aLcount% dn ii(Jl coiiiply willi ilie accounting requirements con¥eming ¢he fom and conteni of accounis sei Out in the Charities IAccoun¢s and Reponsl Regulaiions 2008 other than any requiremeni that (he account% &Trive a 'lrue and fair view, wliich is noi a ma¢ier considered as pan of an independeni examinaiion. I have Lio conccrtL% and hhvc comc acro%.% no other niallers In connection with ihe exaiiiinalion to which attention should bc drawn in this Tepon In order to enable a proper iiiiderstanding of the accounts lo be reached. Claire Smjihee TC Group G14 The Boathouse Business Cenire I Ilarboiir square Wihbtch PE13 3BH Dale LgloQlEg Pa8e 5
Fenland Gymnaslics Academy Statement of Financial Activities by fund for the Year Ended .11 December 2024 Total 2024 Total 2n23 Unrestricted Note Income And Endowments from: Donalions and legacies Charirable activities Other rrading activilics nve%iniei)t jiicomc 1,015 102,040 68,715 1.329 173,099 1,015 102,040 68,715 1,329 173,099 194 76,691 64.932 819 142,636 Lxpenditure on: Raising funds Cliarilablc activili¢s Othci cxpcnditurc {29,973) (121,407) 112,421) (163,801) (29,973) (121.407) (1?,421) 1163,801} 135.544) 199,924) (10.917) {146.3851 Nei movement In funds 9,298 9,298 (3,7491 Re¢onciliatlOll of funds Total fuiids brought fonvard 97,455 97,455 101 ?04 Total fuiids carried forwcird 106,753 106,753 97,455 All of the charity's activities derive from continuing operations during the above two periods. The noies on pages 8 10 15 forn] an integral part of these financial siatemenis Page 6
Fenland Gymnastics Academy {Registratloll number :11401J77) Balance Sheet as at 31 December 2024 2024 2n23 Not¢ Fixed assets Taiigiblc ass¢ls 13 36,848 49.320 Current assets Debiors Cash at bank and in h4nd 14 15 984 88,254 89,238 1,800 68.896 70,696 Creditors: Amounts f&lliD2 due within ont vear 16 (19,333) (17,531) Nct Ccnt asscls 69,905 53,166 Net assets 106,753 102.487 Funds of tkne ch#rity: Unrestricted income fullds Unrestrieted lunds 106,753 102,487 The financial statenienis pn pages 6 10 1 S were approved by ihe trustees, and auihorised for issue on and signed on their behalf by.. L8loc,Iil Toni Clark Trusiee Tlie i)nte% on pages 8 10 15 fomi an 11)tegral part of these finaticial statements Pay7
Fenland Gymnastlcs Acgdemy Notes to the FinAneial Siatements for the Year Ended 31 D¢eemb¢r 2024 l Accounting pnlicie Statemeni of compliance l-he financial siaiemenis have bccn prepared in accordance %K'iih Ac¢ouniing and Reporting by Charilies.. Siaiemeni of Recommended Praciicc applicable 10 ¢harilies preparing iheir ac¢ovnis in a¢¢ordan¢e i4.iih the Financial Reporting Standard appliiablc Lll Ihc UK atid Republie of Ire1311d IFRS 1021 leffeciive l January 20151 IChaiLlies SOKP IFRS 10211. Ihc Financial Rewrting Siandard applicable in Ihe UK and Republi¢ of Ireland (FRS IU2) and the Cliariiic.% Act 2011 B&si5 of preparation Ftnland Ciymna8lic% Ae3demy meeis Ihe definition ola public bencfil enlily uiidcr FRS 102. A%8cts and liabilitics are irtiljally recognLsed ai historical cost 01 trathsaclion i'alue unlc.%s oihcrwi%c %laled in Ihc rcleN'anl accounting pnlicy noieq L¥emption from preparing g ¢8sh llow statement The charity Opted lo early adopt Bulleljn I published on 2 February 2016 ld have tljerefore 01 included a cash flow siaiemeni in (hese fit)ancial Slalemeiiis. Going concern The Iruslees consider that tlicre arc J)0 Jnalerial uncertainties about the ¢harily'S ability io coniinue as a going oncern. Inconie endowments Voluntary incomc Includin¥ donatir>n%, gifi8, legacies and granis that provide core Funding or are of a gencral naiure 1% rLcogni%cd whcTJ Ihc charity ha% entiilemeni lo ihe incLime, li 1% probable Ihai ihe income will be received and IhL amount can bc Tnea%urcd With.u[fiCient reliabiliiy. undlegufiej Donation4 arid legacies are recognised iJtL a ieLeivablL ba%is whcn rcceipl 1% probable and Ihc amount can be reliably Tneasured. Grunis rei'eivtsble Granls are recognised wliLn thL Lliariiy hds dn tniiileineIii i(> Ihe tunds and any Conditions linked 10 the granls haNe been mtt. WhtTt PLrfur]iianLL conditians are altached io the grani and ale yet lo be rnet, the itjcome Js reiognjsed os a Iiabilily iiiiludcd on Ili¢ balance 5heel a5 delerTed inconie lo be released. litvesimertl Dii'ideiidg are recognised once Ihe dii'idend has been de¢larLd and nolificalioN has bcLn rcccivc(J of Ihc dii'idcnd due. Pa8¢ 8
Fenland Gymnastics Academy Notes to the FAnAnel21 St4tements foy th¢ Yexr Endcd JI Dceembcr 202.1 xpendlture All e¥penditure is reiogiiised OllLe Iheie is <1 legal or conslruclive ubligatioIi lo that expeiiditure. il 15 probable seiiletneni is requirvd (Ind the amount can be mea5urtd reliably. All costs are allocaied 10 the applicable expendiluie h¢ading that aggiegale siJiiilaT CQ>51s lo Ihal caleEOry. Where costs cannol be direcily allribuied lo partiLular l)eadinL75 Iliey hat beeii alloc31ed on a bas15 consi51enl with ihe use ol'resourLes, wilh Leniial sial'lLOSts tslloLaied Ihe bas15 of liille speIil, and deprecialioii charLTes allocated on the portion ol. Ihe asset's use. Other support L051s Lire alliKaled based on the spread of 51al'f cost5. I'hese are Losis incurred in allr3cling voluntary Liicoine, Ihc managemcnl of Lni'e.%lnienl% and those incurred in Irading aciivtlieg Ihjt ril1SC fund%. Cliarilfjble uLlivilie5 Chariiable expendi(ure comprises Iho%e costs incurred by the charity in Ihc dclivery of il.% aciivitlC4 47nd rviCc. for lis beneficiaries. li includeb both cosi% Il)al can bc allocaicd directly to such aclivilJc% and iho%c co¥ts of an Indire¢i nature necessary 10 gupport Ilicm. Governance costs "l-hese invlude the dllFibulablc lo the ch3r)ly's compliance with cons15tulional and 51alulory iequiremenls, inLludin¥ audil, Slralcgic Inana¥cTiicnl and Iru%lees'.4 nieelingy5 and reimbursed expenses. Governmtnt grants Gov¢rnmenl grants are iecognised based on the accrual rnodel and ale measured al the fair value of Ihe asset received or releivable. Giants are classifled as relating? eiiher io ievenue or lo as5els. Grants iclaling lo ievenue are recognised in ii)CQllTLe QV¥T ihe period Ln which the relaled cos15 are recognised. Grants relating lo assels ale recognised over the eKpecled useful life of the assel. Where part of a giaiit relaling lo an as5tl is deferred. il is recognised as deferted iIicoiiie. Taxation I'he Lharily is Lun5idered lo pass the le515 Sel oul in Paragraph I Schedule 6 of Ilie Finance Aci 2010 and Iheieloie li m¢gls Ihe definition of a charitable company for UK cotporalion tax Purposes. Accordingly, the chariiy is potetLtiAlly e¥etnpi frotn laxaiÈon in respect of income or capital gains received within categories coi'ered by Chapter 3 Part I l of the Corporation T&¥ Aci 2010 or Section 256 of lh¢ I'uaiioii of ChaTgeable Gains A¢1 1992, lo the exlenl that such income or gains are applied eKclusively lo ¢h8riiable purposes Tatlgible fLx¢d assets Individual fixed asseis cosiing £150.00 or more are iniiially record¢d ai cosi, Ic% any 8ub%equeni ac¢umulai¢d depreciation and subsequen( accumJlaied impaimieni Io%%Ls. Depr¢tiatioii ¥nd amor¢i$)¢lon t)epieciaiion is provided on Idn¥ible fjxed asse15 so as lo wriie off the cost or valiialion. less aiiy e.%iiinaied residual value, over Iheir expeLied useful ecunoijnic life as follow5". A$5et r155 Plani and equipmeni Depreciation niethod and rate 15/0 reduclng biilance Pa8e 9
Fenland Gvmnastics Academy Note5 to the Flnancial Statement5 for the Year Ended 31 Decembcr 2024 Trade dehtor I'radv d¢btors are amounts due frotn cu¥lL)ttLeis for meTchaiidi5e sold oi setvices perfortned in the ordinary course of busiiiess. Trade debtors are recoEnised iniiially al the Iransaclioji price 'fhey are subsequenily Ineasured al aniortised cost U5iIig the clfeciive interest Jiieihod, less proi'ision IOT Iiiipairnienl. A provision for Ihe impairn)eni of trade debtors 15 eslablished wlien Iliere hs objective evidence ihai the charity will nol be able lo collect all aniounts due according lo the original ierms of the receivables. Cash and e#$h cquiv#lent$ Cash and Lash equivale18 LOtnpri%e ca411 on hand dnd call dLPOSLl%, and oilier ¥hart-ILmi liighly liquid illve%ltiicni Ihai are readily LOIIVLnibli Iu d knioth'n dm()util L)f ea¥li and ale %ubject i() an irt%l¥l)Ifieani rJ%k of cliangL In value. Trade eredhtors Jrc obligaiicjns 10 pay for goods or serviceb thai have been a¢quiTed in ihe ordinary Course of business from suppliers. Ac¢ouTl¢b payable are classified as cvrrelll ljabilities if Ihe dtses not have an unconditional right, ai the eiid of Ihe Teporting period, lo defer seiiletnenl o( Ihe ciedllor for ai least iwelve months al'iei the repotiing dale. If there is an unconditional righl to defer seiiiemeni for ai leasi Iwell'e monihs after ihe reporting date, they are presented as non-curTent liabiliiie5. are recognised iIiilially at tlje transacljoii prjce at)d subsequently measured ai amortised cosi usitjg the effective interest jneiji. und structure Unreslricied inconie funds are general funds thai are )vailable for use ai the Irustees's discretion in funheran¢e of the objectives of ihe chariiy. PeRsion5 and other p05t retirement obligations The charily vpeT¢ilc% <1 dL.fincd bc'ncfil pLn%ion %chcmc. Typically defined benefit plans dcfinc an amounl of pcn%ion bciicfil that an employee will receive an reiiremeni, usually dependent on one or more factors such as age, years ol" service and conipensaiion. I'he liability recognised In the Balance Sl)eel in Tcspect of defjncd bcncfii pcii%ion plaiis 18 Ihc pre%enl value of the defined benefit obligation ai Ihe reporting date Ininus ihe fail value of pl<ln asseig. I'he defined benelil obligation is ti)easurLd using diL pfojLLied utlll L TLdit nietli( Tlie pre%eni %'alue nf Ihe dcfiticd bciJLfii obligalion 1% deletmined by discounting Ihe ebtiated future paymen15 by iefeience lo tnarkei yields al the TLPnrtin¥ dalc (In hi¥h-qualily CQTpnrate. hnnds IhEII art denominaled in ihe curTency in which the hcncfil4 will hc paid, and (hai hav¢ lenns lo maturity apprgximaling io lh¢ l¢m)% of Ili¢ r¢laitd ptnsion liabi5ily. Acluaiial gains and losses ale charged or ciediled lo otliLr coJ)IprLhctL%ii'L illLuillL It] (he period in K4,hiLlI Ihey arjst. P¢ 10
Fenland G)'mnastics Academy Notes to the FinAnelal Statcments for the Year Ended.11 DeceRnber 2024 Finan¢i#l in¥trumillt5 clas5ificaiion Financial a*scis and finL2ncial li2hiliiieq are recognised when the charity becomes a party 10 the contractual piovision.% of Ihc inslrumcnl. ri113ncial liabiliiies &Iid equiiy ins(wmenls are classified ac¢oiding lu Ihe subslanE¥ of Ihv ¢onlraLlual artangemenls entered into. An equiiy insiwmeni is any coniracl (hai evid¢nceb a residual inleiesl in the absels of the charity after deduciing all of lis liabilities. Re(gllion and meu.IMr¥menl All finon¢ial assets and Iiabililies are inilially Tneasured al transaclion pricc (including Iran%aclioJi co%i%l. cxccpl for those linancial assets cl355ified as ai lair value through profji or lo.%%. which ale iniiially niea%ured at fair value (which is nornially the transaclioii pri¢e exLluding Iransacliotl coslsl, unless the atrangeInenl conslitutes a fjziancing Iransaciion. It. an arrangemertt Lonsiilutes a fin<incing tr&n%aciion, the fjnancial asset or financial liability is rneasured ai the preseni value of the fi]ture paytneni% di.%counlcd ai a markei raie of interest for a similar deb¢ insinjment Financial assei.8 and liabilities are only otTsel iii the slalemenl of financial position when, and only when there exists a legally ei)lorLeablt ri¥ht IL) SLI oftihc recognised amounis and Ihe chariiy iniends eiiher 10 seiile on a net basis. or 10 realise the a%sci and sciilc thc liability simulianeously. Financial as%ci% arc derccogni4ed wlien and only when al the coniiaclual riglils 10 the Lasli flows Iro the financial abS¢1 expire vr are 5eiiled, b) the charity translers lo another party substantially all of the risks and rewards of 0%ership ol. ¢he finJn¢ial assei, or cl the LharJl}'. de5pile havit]b) reiaijied sonie, bul iiol all, si8iiificaiJi risks and rewards ol oHt[ShiP, has Iran5fetred control of the assei io anoiher pariy. Financial liabiliiies are dere¢ogni%ed only when Ilie obligation specifled in the conlrac¢ is discharged, cancelled 01 expires. 2 IDcome from donations and legacies Unresirieted fund5 Tot1 Gener81 funds DonaiJon% and Itgacteg, DonaiJon% from individuals (irant%, iIicludiii8 C<ipiial graiiis. Goi'ernmeni grant% ,015 l.ois Total for 2024 1,015 Total for 2023 194 194 PaB¢ 11
Fenland Gymnastics Academv Notes to the FiDJncial StatetneDts for the Year EDded 31 Decctllber 2024 3 Income from f haritable actiTr'itie5 Unr¢stricted funds Total 21124 Total 2023 General Opcraiion of gymnasiics club 102.040 102.040 76,691 4 lllcome from other trading activitives Unresiricted fund5 General funds -rrading income., Sales of bjoods and services Evenis income.. Oihrr el'ents incoIne 2,964 60,934 4,817 2,964 60.934 4,817 Tvtal ftsr 2024 68,715 68,715 Total for 2023 64,932 64,932 S Investment incovne Unresirlettd fiind? TDtal Gener41 funds Inieiest receivable and [nilar incomc. Inicrest rcccivablc oti bdnk dLP04iI 1,329 ,329 Tolal for 2024 L.329 1,329 'I'otal for 2023 819 819 PagL 12
Fenland Gymnastics Academy Notes to the Financial Stalements for Ihe Year Ended 31 December 2024 6 Expenditure on raising funds a) Costs of tradillg activities Unrestricled funds Toial General fuThd5 Ploie Cosi8 of goodq sold l-ot81 for 2024 29,973 29.973 29.973 29,973 Total for 2023 35.544 35,544 7 Expenditure on charit&ble actii'ities Unrestricted General Total 2V24 Tolal 2023 Indemnity In%uranee recharged Coaching lees Rent 2.792 20,835 16,500 7,547 1.054 165 7,326 7,944 56,032 2,792 20,835 16,500 7,547 1,054 165 7,326 7,944 56,032 1,960 3,709 16.500 6,593 1,542 172 Light. heat and pDwer Travel and subsisience Bank chargc% Depreciation of plant and machinery ILoss on disposal of asseis Staff cDst% GoN'ernance costs 7.626 60.634 I,Ixs 99,924 121,407 121,407 PiigL 13
Fenland Gvmnastics Academy Notes to the Financial Statements for the Year Ended 31 December 2024 8 Other Expenditurt Unrestricted Tol81 2024 Tot81 20Z3 eneral In.4urance 1.153 7.646 531 1159 Repair% <ind mairltcnancc I"elephon¢ and fax otTicc cxpcn%cs Compuiei software and Tnainienanct co.%is Priniing, poslagc at]d %iaiioncry 7.646 531 6,265 465 2,393 455 2.393 455 2,715 408 243 243 204 12,421 12,421 10,917 9 Aualvsis of goveraaDce support C05t5 Govtrn&nce eosts Unrostricled funds Total General funds Indcpcndcni cxamincr fct.g F..xaminaiiort of the finan¢ial siaiemertls TntAI for 2024 1.212 1,212 1.212 1,212 Total for 2023 1,188 10 Net ineomingloutgoing resources Net Incotning resourLes for Ilie yedr includL' 2024 2023 Depretl81ion of fixed assets 7,326 7,626 I I Independent exAminer's remunergtion 2024 2023 Examinailoti of the financial siaitn)enis 1,188 12 Taxlltion Thv ¢h¢trily 1% J rLgislLrLd charity and is IhcTcloTC cxeT)ipI from laxalion. Paute 14
Fenland Gymnastics Academy Notes to the Financial Statements for the Year Ended 31 Deeember 2024 1.3 '1'8n2ibl¢ fixed assets Furniture and equipment Total Cost At l Jaiiuary 2024 Additions Disposals 110,777 7,829 (39.0211 110,777 7,829 (39.0?]) At 31 Dcceii)ber 2024 79,585 79,585 Depreciation Ai l January 2024 Elinunalion on disposal Charge lor Ihc year 66,488 (31,077) 7,326 66,48 (31,077) 7,326 At 31 December 2024 42,737 42.737 Net book value At 31 December 2024 36,848 36,848 Ai 31 t)eceinber 2023 49.320 49.320 14 Debtors 2024 2023 Oiher debtors 984 984 1,800 1,800 15 Casb cash equivalents 2024 2023 Cash on hand Cash al bank 59 88.195 88.?54 194 68.702 68.896 16 Creditors: Amounts fallillK due within one J'ear 20Z4 2023 Trade creditors Oiher iaxaiion ancl gocial security OihLr Lredilors Accruals 2,465 2,610 1,124 12,147 1,650 17,531 15,218 1,650 19.333 Pligc 15
Fenland Gymnaslics Academy Statement of Financial Activite5 by fund for the Year Ended 31 December 2024 Total Total Unrestricted UDre5tricted funds 2024 fund. 2023 In¢ome ind Endowmellt5 from-. Donations and Icgacics Charilable aciivii¢s Oiher Irading iicliviliL InYc%tment inconie 1,015 102.040 68,715 1,329 194 76.691 64,932 819 Total income 173,099 14?.636 Expenditure on: Raising fullds Cliariiable activities Other expendLlure (29.973) {121.407) (12.421) (35,5441 (99,9241 (10,9171 l-oial ¢Inditre (163.801) (146,385) Nei income 9.298 (3,749) Ncl Iiiovcnicnl iii funds 9,298 (3,749) Recon¢iliatioll of fund$ Tolal fuiids brought fonvard 97,4$5 101,204 l oail fund% LA )ed torward 106,753 97,455 -his page docs not form part nf ihe statutory fii)ancial stalemenls. Page 16
Fenland Gymnastics Academv Detailed Stxtement of Financial Activites for the Year Ended 31 December 2024 Total 2024 Total 2023 lucome Endowments from., Doiialions aiid ILgacics lanalyscd bclow) Charitable aciivities laniilysed below,) Other Irading aclivitiLS (analysLd beli)w) Inv¢slmcnl incomc lanaly5cd bclow} I,U15 102,040 68,715 1,329 194 76,691 64,932 819 Tolal ii)con)c 173.099 142.636 Expenditure on.. Raising funds (analysed below) Cliaritable activitie% (analysed helowl Other expenditure lanalysed below) (29,973) 1121,407) {12,421) 135,5441 199,924) 110,917) ToiAI cxpcndilurc (163,801) 1146,385) Nel income NLI m(IVLmenl in fund 9,298 9,298 (3,750} (3,750} Recontilation of funds Total funds brought forward 97,455 101,204 Total funds catTied fonvard 106,753 97,455 Tliis page does noi fonn part of the statutory *inancial stalciiicnts. Page 17
Fenland Gymnastics Academy Detailed Slatemcnl of Financial Activiles for the Year Ended 31 December 2024 'I'otal 2024 Total 202.1 Dopiatioiis apid leg&cie.4 App¢¢lls Jnd donations Uk Govemmcnt grc1nts 1.015 194 1.015 194 Charitable aeiivilies Subscriptions 102,040 102,040 76,691 76,691 Oiher fradiiig activities Sales of kit and chalk Competitions Exhibilions 2,964 60.934 4.817 68.715 1,929 32,2811 4.916 39,133 Iiivesiiiieiit iiicoilie Iiiler¢sl on cash deposils 1,329 819 Kil purchases for resale 129,973) {35,544) Cliarilable aclivilie.s Indciniiily insurance recharged Wages and salaries Staff PLnqions (Defined L()nirihuti()ml - pcn%ion SLhcmc I Coaching tccs Rent l.ighi, h¢al and powcr -fravcl and subsistence Bank charges l)epreci3tion of plant and machinery Lo%8 011 dispo%al Thf fixcd as.sets Accoiii)tancy fees (2,792) {54,691) {1,341) 120,8351 {16,5nO} 17.547) 11,054) 1165) 17,3261 (7,944) {1,2121 {121,4071 (1,960) (60.055) (5791 {3,709) (16,5QO) 16.591) 11.542) (1721 17,6261 11,1881 199,924) This pagc docs iiat tomi part ol-the statuiory financial slateiiients. Page 18
Fenland Gymnastics Acadcmy Detailed Statement of Financial Activites for the Year Ended 31 December 2023 TotAI 2024 Total 2023 Oilier expeiidi114re Insurance Repairs ai)d inainlenance 'I'clcphon¢ and fax orricc cxpciiscs Coiiipuier sofiware and niainteiian¢e cosis Printing, postage and siationery (1.153) (7,646) {531) (2,393) 1455) (243) (12.421) (859) (6,265) (465) (2,7151 {288) {159) {10,752) 'rhis page does not forni part of ihc siaiuiory financial stateiiients. Pagc l9