REGISTERED COMPANY NUMBER: 07295093 (England and Wales) REGISTERED CHARITY NUM8ER.' 1148794 REPORT OF THE TRUSTEESAND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 FOR 1066 GYMNASTICS Dominic Hill Associates Limited Archer House Brilland Estate NorthbDurne Roa¢ Easlboume BN22 8PW 1066 GYh*4ASTICS coKrENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Page R•port of the Trustw8 1 to 3 Independent Examln•rfs Rtyort StJt•rr*nt ol Fln•nclal Actlvltl•¥ 8al•nc• Sheet 6 to 7 Not•¥ to th• Fln•nclal St•twrnnts 8 to 11 Dthll•d St•tsm•nt of Flnanclal Actlvlti 12 to 13 1066 GYMNASTICS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 20Cé, present their report with the financk41 statements of the chanty for the year ended 30 June 2024. The Iruslees have adopted the prowsions of Accounting and Reporting by Charities." Statement of Recommended Practice applicable to charf(ies preparing their accounts in accordance wrth tt)e Financial Rep(xtng Stsndard applicable In the UK and Republic of Ireland IFRS 1021 leffeth.ve 1 January 20191. 08JECTIVES AND ACTMTIES OblKtives and alms The tharty's objects are lo foster and promote community paTbcipahon in health recreation, for the benefit of the inhabitants of Bexhill. East Sussex and the surrounding districts. ACHIEVEMENT AND PERFORMANCE Achlevements and ￿rforn)ance This year has seen a lol of Su￿eSseS for Ihe club. We have continued to welcome schogls as part of their physical educab.on curriculum, wlh Tonleld, Headstart, All Saints, Cro%4knursl and Battle Ab￿Y booking sessions wth us. Our SEN sesgons have tecome so pwlar that we run them every Saturday, and see Ic)ts of new and familiar faces eath session. We had three coaches pass their Level 1 Coaching awards. 1 of our younger Co￿e$ attending their helper course, tm of OUT coaches gained their P￿SChOol Qualificati(￿$ and we have also had Coachgs attend courses lo become judges. We had gymnasts represent the dub at C¢)unty and R￿￿)nal competitions, h•K) gymnasts were chosen to join nty squad based on their placings al competitions. We welcomed three children from schools for theirworff experience this year. The Club continues lo grow and we are Currently training up some of our older gymnasts into Coathes where they can give back lo the sport it is a great learning expenence for them and very rewarding for them to work th the younger gymnasts. This year has continwj to te one full of aehievements for the club. We have continued to work wf(h SEN schools in the area offering affordable sessions for them. this year saw. Torfield, ISP and All saints primary Sch¢)ol. We welcomed Crowhurst Primary Scho)l joined us for 6 weeks worth of gymnastics classes as part of their physical educats.on curriculum. We have had 2 coad)es pass their Level 1 Quaification this year, 1 pass their Level 2 Qualification, 2 Junior Coaches attend Helper courses. and we have another 3 coaches CUFTentty going through their Levd 1 Qualrfications with thar exams coming up soon. We have had gymnasts represent the dub at County and Regional level. have had gymnasts se￿￿ed lo join the Sussex County squad this is based on past scores at competitions. We work dosely wth the local ￿hoOlS to offer work experience placemen15 for children interested in w￿kIng thin srxxi, we had 4 students from 4 different schools attend this year and one of them now volunteers wth us as 8 Jursior helper, we are looking forward lo working dosety wth the school again next year. The club is eonlrnuing lo gr¢)w. and we are looking forward lo what the next year brings. Page 1 1068 GYMNASTICS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024 FINANCIAL RE¥lEW Flnan¢lal revlew Duriry the year the tharty male a suirlus of £8.742 12023 gjjrplus - £16,691) from lotsl income of £267,583 12023- £271,49)} It is policy of the charity that unrestricted fuTrJs have not twi deggn*ed for a speufic use should be maintained at a level equNalent lo letr￿n cfje to month's expendrture. The tru51ee5 considers that the reserves at this level wll ensu￿ th8t. In the event of a ￿gnIficant drop in ftJrKling. they wll be able to continue the chantys cwent actsvrt*s c￿Sid￿*1￿ is gNen lo ways in v*hth addrf1On￿ fund5 may be raised. This is period ten in that the Charity has been cperab"ThJ and this ￿e1 of reseNes is son*thing that the trustees are strivir4J t￿WardS in after C￿1r￿j thrcu9h the the COWD Pandemic. Al the year end the chanty held reserves of rwb.ve £66312023 - rwb.ve £9.4051 The Trustees had ￿vieWed the posth"¢)n at the end of the 2022 financial year and C￿￿￿ered thal expeThJrture needs to be reduced in order to meet the reserves polw. Part#)Jlarty in r￿at￿￿ to ￿affiry. Staffing costs have compared to last ye¥. Hcr•vever, lotsl expeThYrture has irKxeased manly due to an increase in repairs and maintertan￿ and rent. Reserves wenl I￿￿enty at the goal of m￿th'S experKbilure. H¢)wever, If*y have increased gnce the prior year. The main source of irKorr* f￿ the chanty 15 from mwnbership and CO￿￿9 fees. The main expenses relate to stsff memters wages. Going concern Income has reMaIn￿j at a Co￿Stent level compared to the wor yew. This has ￿Ulled in a net surplus bryng achieved. which has resulted in the reserve5 terLMnir¥3 Posrtive this year. as opposed to rEgative in the prior year, so the charity will coftb.nue as a ¢(￿cern. STRUCTUR& GOVERNANCE AND MANAGEMENT Govemlng document (*anty is a CLYrpany limrted by guarantee. irKwrated on 24 Jur* 2010 registered as a charty on 3 September 2012. The CoM￿nY is gDvemed by rfs memOr￿Jm and Arb"des ofAssw"alion. None CO the tnths have any berEfici* intwesl in the company. Al the trvstees are memter5 of the ccfflpany and guarantee lo ¢xrtribute £1 in the event ofwThJing ￿. Related parties Robert matth￿ Limited is a related paty of Ihe chwity. The company is thvned by Marston Hart, Father of Hart Cheryl Hart is a employee. Robert Mathews Limrted oyms the building thich 1 C66 Gymnastirs run tr*ir charity. Rart is paid for t4)th units, M ar￿ 3B Brett Orr¥e at full markel rent. REFERENCE AND ADMINISTRAMVE L)ETAILS Régistered Company numb•r 07295Q93 (England and Wales) Reglstered Charfty number 1148794 R￿Istered offlce Archer House Bnuand Estate Northtourne Road Eastboume BN22 8PW Page 2 1066 GYW4ASTICS REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 30 JUNE 2024 Trustees M R Pickering Dired Ms P Macduff Direct Ms K Wlson Direct Independenl examiner Peter D Hill FCA tknminie Hill Asscoate¥ timrted Archer H￿se Bnt￿nd Estate Northl)oume Road Eastboume 8N22 8PW Approved by order oftrE bwd oftwstee5 on .. . . ....... on ris behaw by.. Ms P Macd Page 3 INDEPENDENT EXAMINER'S REpoirr TO THE TRUSTEES OF 1066 GYW4ASTICS Independent exarninerfs report to the trustees of 11M Gymnasll¢$ Ilhe C¢xnpany'l I reF¥J1 to the ch8nty trustees on my exarninat￿ of accwnts of the Ccynpany for the year eThJed 30 June 2024. R￿ponSIbIlItIeS and bmls of r•port As the charity's trustees of the Ccmpany land also ts th"rectGYs ts the wrpose5 of company lawl Y￿ are responsble for the kYeparatK¥) d the in acuXd￿e ¥￿t￿ Ihe requrements of thè Companies Act 2￿fj Ilhe 2006 Act'l Having sth"sfied myseff that the ￿￿nIS of the Cc¥npar)y tre rnt requir&fj lo be audrted under Part 16 of the 20C6 kt and are eI￿lts18 for iThJepend¢ni examinati￿. I repryt in respect of my examinati￿ of your thanty's accounts as ¢amed ojt under seeb.on 145 of the charit￿ Act 2011 Ilhe 2011 Act'l In carying out my examinati¢￿ I have foll¢)WEd the Directs'￿¥ gven by the Chanty Ccrfnmission sect￿fi 145(51 Ibl of the 2011 Act. Indopendent examlneVs stat•m•nt Since your tharty's gross income exeeeded £250.Cth examiner mLtst be a memt*r ol a listed toty. I can confirm that l am qualified lo urthrtake the examination because l am a rwber of the Instrtute of Chartered ACC￿ntantS in Ergland and w￿e$, Is orn oftr* Iisknj b(*Jw. I have eompleled my exwnination. I confimi Ihat M m*tern have C￿le to my attent￿ in conngction with the examination giwry me cause lo bel￿.. *t￿n￿n9 reccKds wwe not kept in respKt ¢4 Ihts Ctsnpary as required by Sec1￿ 386 d the 21x6 Ad, the xcounls do rol ac£ord tllose records." or the accounts do ncl ¢ompty accwnbw Tw4iuremonts of Secbcfi of the 20C6 Act other than any requirement that the *¢ounts gNe a true and fair thch L8 rh)t a matter consKlered as part of an Indepen(￿nI examination.. or the accounts have Thjt teen wepared in with tr￿ methods WKI wroples of the Statement of Recommendèd Practice for xcounts.ng arKI reFth"ro by Charit￿ (ap￿icable to charrties preparing Ihoir 7£etsJnts in aCCordar￿e wth the Finawal Repcxt'ng Standard ap￿lea￿e in the UK and Repubhc of Irela￿1 IFRS 10211. I have no eorrMns and have acn)ss M rAher mattefs in C(￿neC*On wth the eXaminat￿n to whith attenlic $hwkl dr￿￿ in this rgFrfxI fft (rter to enable a ￿￿je1314ndty of tre accthnts lo be reachwJ. Petef D Hill FCA The Insbtute of Chartered Accowtsnts in ENJl¥hl and INales Dominic Hill AsK￿.8teS Limrted Archer House Brrtland Estate Northtx)ume Road Eastboume BN22 8PW 1066 GYMNASTICS STATEMENf OF FINANCIAL ACTivmES FOR THE YEAR EP40ED 30 JUNE 2024 2024 Unrestricted fund 2023 Total funds INCOME AND ENDOWMENTS FROM Charftable activities Gymnastics 267,583 271.490 EXPENDITURE ON Rai&ro fiJnds Charrtable actlvltles Gymnasli(s 258,841 254.799 Total 258.841 254,799 NET INCOME 8,742 16,691 RECONCILIATION OF FUNDS Total funds brought forward 19.405) 126,0961 TOTAL FUNDS CARRIED FORWARD 16631 19,4051 Page 5 1066 GYMNASTICS BALANCE SHEET 30 JUNE 2024 2024 Unrestricted fvnd 2023 Total lunds FIXED ASSETS Tangible assets 3.036 CURREMT ASSETS Stocks Debtors Cash at bank and in hand 51)0 21,855 500 18,539 1551 22,378 18.984 CREDITORS Amounts falling thJe wittNn {15,7221 NET CURRENT ASSErs 10.235 3.262 TOTAL ASSEfs LESS CURREP LIABILITIES 13,270 7,308 CREDITORS Amounts falling due after more than C￿ year 10 113.933} 116,7131 NET ASSET&I(UABILmES) 18631 19.4051 FUNDS Unrestricted fvnds 12 {9.+1051 TOTAL FUNDS 16631 19.4051 The charits￿e company is enI￿led to exemty'on from audrt under sec*.(￿ 477 of the Companies Act 20(6 for the year ended 30 June 2024. The membefs have rtsl requir8J the coffpany lo ctstsin an audrt of rts finatNial $tateft￿rrt$ for Ihe year ended 30 June 2024 in a¢cud￿￿ wilh Seth"on 476 01 the CompanEs Act 2[￿. trustees t&*no￿• thwr res￿%￿41￿eS f(* ensuring that the Chartab￿ c(xnpany keeps acccxnb.rvj rerpyrls thal with Sectson5 386 and 387 of the Compan*es Act 20CE and preparing finanual slalements Ithith gve a Irue and fair view of the state of affairs of the charitable company as at the end of eath financial year aThJ of ts surplus ￿ defi¢At lor eath finanaal year in accordance wth the reqiATements of s￿b"C￿s 394 and 395 and wh'ch otherwse CoM￿Y wrth the requirements of Cc¥npanies Act 20{￿ rdatry to fin¥￿181 statements. so far as *ic8ble to the charitable company. lal Ib) Thè Thjtes lemi part of Ihese finawal ststerrents Page 6 continued... 1066 GYW4ASTICS BALANCE SHEET- continued 30 JUNE 2024 These financkal Ststerr￿ts wepared in prow8ion$ appliCa￿e to thants￿8 ompan*s %Jty￿t lo fv small comw*s regme. The finanaal stslements approved by the 8o¥d of Trustees aTrJ auth￿l5ed for issue were on rts behair ty. Pma )tes fcm part of these financial statefferrts Page 7 1066 GYMNASTICS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 ACCOUNTING POLICIES 8asis of preparing the financial statgmgnts The fina￿la1 statements of the charitable company. which is a public benefit eth.ty under FRS 102, have been prepared in aC￿r￿an￿ with the Charities SORP IFRS 1021 'AcLL)unling and Reporting by Charities. Statement of Re￿MMended Practy'ce appli(able lo charities preparing their account5 In accordan￿ with the Finar￿101 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffedive 1 January 20191,, Finanaal Reporting Standard 102 The Finanaal Reporting Standard applicable In the UK and Republic of I￿land, and the Companies Act 2006. The finanaal statements have been prepared under the hislorieal cost convention. Incorne l income is re￿gnised in the Statement ol Financial Actiwlies once the charity has ents'llement lo the ft1￿1$. r( is probable that the income will be r8cewed and the amount can be measured reliably. Expenditure Liabilities are recognised as exFeTrJf(ure as $¢Jon as there is 8 legal or constructive obligation committing the charity to that expeTrJrture, (( 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 a¢¢ounled for on an accruals basis and has been dassified under headings that aggregate all cost related to the category. ere costs cannot be diredy attn"buted lo path"cular headings they have allocated lo activiti.es on bags consistent wth the use of resources. Tangible flxed ass&ts Depreciation is provided at the following annual rates in ordef to wite off eath asset over (És eth'mated usefijl life. Fixtures and ffittings Computer equipment 250k on reducing balance 25QA on reduang balance Stocks Stocks are valued al the lower of cost and net realisatAe value. after making due allowance for obsolete and ￿0W mwng 118ms. Taxation The charity is exempt from eorporalion tax on ils charitat4e activities. Fund accounting Unrestricted fvnds can be used In accordance with the charitable objectwes at the distxeti{￿ of the tnjslees. Restn'ded ￿ndS can cfily be used for parb'cular restricted wrwses within the objerAs of the tharity Restn'cb'ons arise %then speafied by the don(w or vthen fvnds are raiS￿j for Pa￿'CUlar restricted purposes. Further explanati￿ of the nature and purpose of each fvnd is included In the notes to the finanual statements. Hlre pl1￿has9 and leasSng comrnltments Rentals paid under operating leases a￿ charged lo the Statement of Financial Activities on a slraKJht line bass over the period ol the lease. Pension costs and oth•r post-r•tlrwn•nt b•n•flts The Chantable company operates a defined contribution pension scheme. Conlribulitr)s payable lo the charitable company's pension scheme are charged lo the Slalement of Financial Actwilies In the penod to vthich they relate. Pa9e 8 cont'nue)Ih Ihe units, 3A and 3B Brett Ddve 81 fijll market rent. Choryl Hart was overpaid by £8.995 07 88 of the prior year. which has now been repaid. In the current year, Cheryl was overpaid by £6.737.45. Thorefore. the overall balance owng is £6.737.45. Page11 1066 GYMNASTICS DETAILED STATEME1￿ OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 30 JUNE 2024 2024 2023 INCOh* AND ENt)OWMENTS Charltable a¢ll¥ttles Ckass admissKJns & membwth Grants 260.425 7.158 271.490 267.583 271,490 Totsl Incomlng resources 267.583 271.490 EXPENDITURE other tr4dlng actlvltles Opening stock ClosirrfJ stock 500 15001 15001 Charitable a¢llvlties Wages & coaching fees ial sewrity Penwons Rent Rates and wat Insuranc* Lvjht aTrJ heat Telephone Postage and statso Adve￿.$ing Sundries Badges & cerbficale5 ClolhiTrJ Compelthn fees Gifts & cknnati¢￿s Training Cleaning Entertainment Travelling Repairs & maintenar Sofmare Fixtu￿S and ffi.ngs Computer equI￿ent Bank loan interest 139,284 5,963 3,299 43,5fy) 5.311 1,708 10,549 1.998 146,121 5.976 2,777 35,875 3,710 3,946 10.099 1,840 1.181 458 226 1,622 1,559 5,351 2.518 640 2,199 1.635 6.000 1,663 $56 1,010 339 518 638 2,295 966 5,808 624 1.863 827 5,417 3,476 420 7S8 2S4 241295 237.819 Ths page does r¥)t fum r4rt of the statLrtory statements P¥12 1066 GYMNASTICS OETAILEO STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDEO 30 JUNE 2024 2024 2023 Support costs Flnanco Bank tharges 6,325 6,701 Govomance ¢o¥ts Aeeountsncy Bookkeepiry Subscriptions 4.208 2.880 3.133 4,848 2.768 2.663 10,221 10.279 Total ￿OUrC•S exFeThJed 258.841 254.799 Net In¢om• 8,742 16.691 This rAge does r￿t Ic￿n of ￿ statthw ststements Page 13