OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-08-31-accounts

REGISTERED CHARITY NUMBER: 1152515

TRUSTEES' REPORT AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

YORK CITY GYMNASTICS FOUNDATION

Walter Dawson & Son Chartered Accountants Lawrence House James Nicolson Link Clifton Moor York North Yorkshire YO30 4WG

YORK CITY GYMNASTICS FOUNDATION

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

Page
Trustees' Report 1 to 6
Independent Examiner's Report 7 to 8
Statement of Financial Activities 9
Balance Sheet 10 to 11
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 18

YORK CITY GYMNASTICS FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Charitable Aims and Objectives

The Charitable Incorporated Organisation (CIO) is established to:

These aims underpin all aspects of the charity's work. The CIO is committed to ensuring that gymnastics is accessible, inclusive, and supportive of both physical and mental wellbeing for people of all ages and backgrounds. Through its programmes, the charity seeks to promote physical health, personal development, confidence, and community engagement.

How Our Activities Further Our Charitable Purposes

All activities undertaken by the CIO directly support its charitable objectives. Through the provision of structured, safe, and progressive gymnastics programmes, alongside targeted support for disadvantaged and vulnerable groups, the charity contributes to:

Measuring Success

The trustees monitor the impact and effectiveness of the CIO's activities through:

These indicators ensure that the charity continues to deliver meaningful, inclusive, and sustainable outcomes.

Significant Activities in 2024/25

During the year, the CIO undertook a range of activities to further its charitable aims, including:

Page 1

YORK CITY GYMNASTICS FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

Volunteer Contribution

The CIO continues to benefit from the support of approximately 25 volunteers, whose contribution is integral to the organisation.

Collectively, volunteers contribute over 70 hours per week, equivalent to approximately 2 full-time staff, playing a vital role in sustaining the charity's activities.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity delivers its aims through the provision of structured gymnastics programmes, accessible facilities, and targeted inclusion initiatives. Activities include the delivery of recreational and competitive gymnastics sessions, investment in facilities and equipment, and the provision of financial support to ensure access for disadvantaged groups.

The charity focuses on maintaining high-quality coaching, ensuring safe and inclusive participation, and supporting progression across all ability levels, from introductory programmes to competitive pathways.

Page 2

YORK CITY GYMNASTICS FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

STRATEGIC REPORT

Achievements and performance Impact on Beneficiaries

The CIO's gymnastics programmes continue to deliver significant impact across the community, supporting the physical, educational, and social development of over 1,300 individuals each week.

This includes children and young people, individuals experiencing financial hardship, and disabled participants, all of whom benefit from access to structured, inclusive, and high-quality gymnastics provision.

Improvements to facilities and amenities during the year have further enhanced accessibility, comfort, and safeguarding, ensuring that all participants can engage in a safe and supportive environment regardless of background or circumstance

Review of Activities

Significant activities undertaken during 2024/25 include:

Review Against Objectives

The charity's objectives for the year centred on:

The trustees are satisfied that all key objectives were successfully met during the reporting period, with measurable progress achieved across participation, programme quality, inclusion, and facility development

Performance Indicators

Performance and impact were monitored using a range of quantitative and qualitative indicators, including:

These indicators provide assurance that the CIO is delivering against its objectives while maintaining strong engagement and satisfaction across its community.

Influencing Factors and Future Outlook

Positive Factors:

Challenges:

Page 3

YORK CITY GYMNASTICS FOUNDATION

TRUSTEES' REPORT FOR THE YEAR ENDED 31 AUGUST 2025

Response and Future Planning

In response to these factors, the CIO will:

The trustees remain confident that the CIO is well-positioned to continue delivering high-quality, inclusive gymnastics provision while responding proactively to future challenges and opportunities.

Financial review

Financial position

At the end of the reporting period, the charity held unrestricted reserves of £1,001,398 (2024: £959,925)

The trustees are confident in the financial position of YCGF at the year end. The charity remains on a strong financial footing, with most classes operating at or near full capacity, providing a stable and reliable primary source of income.

Despite ongoing pressures arising from increased staffing costs, these have been managed effectively, ensuring the continued delivery of high-quality services while minimising the financial impact on beneficiaries. This has been supported through targeted pricing strategies and discount schemes, including financial hardship support and sibling discounts, helping to maintain accessibility and inclusion. The expansion of the Gymnastics for All programme to 44 weeks per year, alongside increased facility capacity, has strengthened the charity's financial position by driving higher participation and supporting sustainable income growth.

Looking ahead, YCGF is well positioned to continue its programme of facility investment. This includes the refurbishment of existing amenities and planned enhancements to the main activity areas, supporting the charity's long-term strategic objectives and sustainable service delivery.

Reserves policy

The charity maintains a reserves policy to ensure that sufficient funds are available to enable an orderly wind-down of operations, should this ever be required. The policy considers the level of income needed to meet all financial commitments in such circumstances. The trustees are actively working towards building and maintaining an appropriate level of reserves so that sufficient funds can be set aside to meet this requirement.

Going concern

The financial statements for the year ended 31 August 2025 have been prepared on a going concern basis. The trustees have carefully reviewed the financial position of the charity and are satisfied that there are no material uncertainties regarding its ability to continue operating for the foreseeable future. Accordingly, they consider the use of the going concern basis to be appropriate.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees are recruited through open advertisement, both online and within the club, to ensure a broad and appropriate range of skills and experience. The charity is in the process of recruiting a Treasurer to sit on the board. The governing document permits a maximum of seven trustees; there are currently four in post.

Page 4

YORK CITY GYMNASTICS FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The charity is governed by a Board of Trustees, which is responsible for strategic oversight, policy, financial management, and governance.

The appointment of a full-time Club Director has strengthened the day-to-day management of the facility, staff, and operational programmes, while reducing the burden on the Board. This role provides clear leadership across all areas of service delivery, ensuring consistency, improving organisational effectiveness, and enhancing communication. The Club Director has overall responsibility for staff management, daily operations, and programme delivery, and the five Heads of Section now report directly into this role.

An administrative team supports the operation of class membership, bookings, and general administration, working within the overall management structure.

The Board retains responsibility for strategy, finance, and facility development, while operational delivery is managed through the Club Director and wider staff team.

Induction and training of new trustees

The board of trustees are responsible for the induction and training of new trustees.

Key management remuneration

The board of trustees are responsible for setting the pay and remuneration of the charity's key management personnel. Research has been conducted into levels of pay within the gymnastics community e.g. other clubs, job advertisements etc.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

CE000493 (England and Wales)

Registered Charity number

1152515

Registered office

The Gymnastics Centre St John's Walk Heworth Green York North Yorkshire YO31 7SX

Trustees

M Wild R Edwards N Swain Treasurer (resigned 4.6.25) A Smith A Vipas (appointed 2.4.25)

Company Secretary

M Wild

Page 5

YORK CITY GYMNASTICS FOUNDATION

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner

Walter Dawson & Son Chartered Accountants Lawrence House James Nicolson Link Clifton Moor York North Yorkshire YO30 4WG

Bank

Lloyds Bank 2 Pavement York North Yorkshire YO1 9UP

Trustees' report, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by:

.................................................. M Wild - Trustee

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YORK CITY GYMNASTICS FOUNDATION

Independent examiner's report to the trustees of York City Gymnastics Foundation ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF YORK CITY GYMNASTICS FOUNDATION

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Julie A Young FCCA ACA The Institute of Chartered Accountants in England and Wales

Walter Dawson & Son Chartered Accountants Lawrence House James Nicolson Link Clifton Moor York North Yorkshire YO30 4WG

Date: .............................................

Page 8

YORK CITY GYMNASTICS FOUNDATION

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2025

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Charitable activities
Other trading activities
3
Investment income
4
Other income
Total
EXPENDITURE ON
Charitable activities
6
Charitable activities
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2025
Unrestricted
fund
£
-
589,218
9,361
528
8,556
607,663
566,250
41,413
959,925
1,001,338		 2024
Total
funds
£
32
424,962
3,989
952
9,298
439,233
523,239
(84,006)
1,043,931
959,925

The notes form part of these financial statements

Page 9

YORK CITY GYMNASTICS FOUNDATION

BALANCE SHEET

31 AUGUST 2025

Notes
FIXED ASSETS
Tangible assets
11
CURRENT ASSETS
Debtors
12
Cash in hand
CREDITORS
Amounts falling due within one year
13
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one
year
14
NET ASSETS
FUNDS
Unrestricted funds
TOTAL FUNDS		 2025
Unrestricted
fund
£
1,014,217
-
19,025
19,025
(29,404)
(10,379)
1,003,838
(2,500)
1,001,338
1,001,338
1,001,338		 2024
Total
funds
£
925,854
342
66,535
66,877
(20,306)
46,571
972,425
(12,500)
959,925
959,925
959,925

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

The notes form part of these financial statements

continued...

Page 10

YORK CITY GYMNASTICS FOUNDATION

31 AUGUST 2025

BALANCE SHEET - continued

............................................. M Wild - Trustee

The notes form part of these financial statements

Page 11

YORK CITY GYMNASTICS FOUNDATION

CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2025
2025
Notes
£
Cash flows from operating activities
Cash generated from operations
1
78,986
Net cash provided by/(used in) operating activities
78,986
Cash flows from investing activities
Purchase of tangible fixed assets
(121,975)
Sale of tangible fixed assets
5,400
Interest income
528
Net cash used in investing activities
(116,047)
Cash flows from financing activities
Loan repayments in year
(10,449)
Net cash used in financing activities
(10,449)
Change in cash and cash equivalents
in the reporting period
(47,510)
Cash and cash equivalents at the
beginning of the reporting period
66,535
Cash and cash equivalents at the end
of the reporting period
19,025		 2024
£
(47,360)
(47,360)
(59,496)
-
952
(58,544)
(10,701)
(10,701)
(116,605)
183,140
66,535

The notes form part of these financial statements

Page 12

YORK CITY GYMNASTICS FOUNDATION

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AUGUST 2025

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Profit on disposal of fixed assets
Interest paid
Interest income
Decrease in debtors
Increase in creditors
Net cash provided by/(used in) operations		 2025
£
41,413
33,614
(5,400)
447
(528)
342
9,098
78,986		 2024
£
(84,006)
32,427
-
701
(952)
1,628
2,842
(47,360)

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.24
Cash flow
At
£
£
Net cash
Cash at bank and in hand
66,535
(47,510)
66,535
(47,510)
Debt
Debts falling due within 1 year
(10,000)
-
Debts falling due after 1 year
(12,500)
10,000
(22,500)
10,000
Total
44,035
(37,510)		 31.8.25
£
19,025
19,025
(10,000)
(2,500)
(12,500)
6,525

The notes form part of these financial statements

Page 13

YORK CITY GYMNASTICS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial 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 1 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 convention.

Income

All income is recognised 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.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold - 2% on cost Gymnastics equipment - 10% on reducing balance Computer equipment - 25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity charitable companyoperates a defined contribution pension scheme. Contributions payable to the charitycharitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 14

YORK CITY GYMNASTICS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 AUGUST 2025
2.
DONATIONS AND LEGACIES
Donations
3.
OTHER TRADING ACTIVITIES
Shop/cafe takings
4.
INVESTMENT INCOME
Interest income
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Club fees
Charitable activities
Gymnasium hire
Charitable activities
6.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Charitable activities
407,762
7.
SUPPORT COSTS
Charitable activities		 2025
£
-
2025
£
9,361
2025
£
528
2025
£
576,545
12,673
589,218
Support
costs (see
note 7)
£
158,488		 2024
£
32
2024
£
3,989
2024
£
952
2024
£
407,972
16,990
424,962
Totals
£
566,250
Other
£
158,488

continued...

Page 15

YORK CITY GYMNASTICS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

7. SUPPORT COSTS - continued

Support costs, included in the above, are as follows:

Wages
Social security
Pensions
Rates and water
Light, heat and insurance
Telephone and internet
Postage and stationery
Accountancy fees
Legal and professional fees
Bank and card charges
Cleaning
Sundries
Repairs and renewals
Pension charges
Loan interest
Depreciation of tangible fixed assets		 2025
Charitable
activities
£
26,100
803
332
6,559
56,216
2,104
2,336
3,036
1,050
425
30,969
6,829
8,399
317
449
12,564
158,488		 2024
Total
activities
£
16,233
899
281
4,862
46,668
4,616
3,227
4,302
1,210
17,602
29,925
4,273
24,082
300
701
10,043
169,224

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets 2025
2024
£
£
33,612
32,427
Surplus on disposal of fixed assets (5,400)
-

9. TRUSTEES' REMUNERATION AND BENEFITS

In the previous year, A Smith, one of the charity's gymnastics coaches, was appointed as a trustee. During the year, they were paid £697 (2024: £197) by the charity for their coaching work.

The charity had no legal authority to make the remuneration payment to A Smith under the charity's governing document, nor through any other means. The trustees are currently in discussion with the Charity Commission regarding how to resolve this matter.

A Smith no longer receives any remuneration from the charity.

continued...

Page 16

YORK CITY GYMNASTICS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

9. TRUSTEES' REMUNERATION AND BENEFITS - continued

Trustees' expenses

During the year £5,192 was reimbursed to three trustees for competition expenses, repairs and general expenses (2024: £722 reimbursed to one trustee).

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs		 2025
£
340,122
12,450
4,214
356,786		 2024
£
298,097
9,673
3,785
311,555

The average monthly number of employees during the year was as follows:

Part-time
Full-time		 2025
5
27
32		 2024
7
27
34

No employees received emoluments in excess of £60,000.

Short-term employee benefits are recognised as an expense in the period in which they are incurred.

11. TANGIBLE FIXED ASSETS

COST
At 1 September 2024
Additions
Disposals
At 31 August 2025
DEPRECIATION
At 1 September 2024
Charge for year
Eliminated on disposal
At 31 August 2025
NET BOOK VALUE
At 31 August 2025
At 31 August 2024		 Long
leasehold
£
791,271
110,571
-
901,842
70,360
11,091
-
81,451
820,391
720,911		 Gymnastics
equipment
£
285,513
9,014
(5,400)
289,127
84,060
21,048
(5,400)
99,708
189,419
201,453		 Computer
equipment
£
5,629
2,390
-
8,019
2,139
1,473
-
3,612
4,407
3,490		 Totals
£
1,082,413
121,975
(5,400)
1,198,988
156,559
33,612
(5,400)
184,771
1,014,217
925,854

continued...

Page 17

YORK CITY GYMNASTICS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2025

12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 15)
Trade creditors
Social security and other taxes
Other creditors
Accruals and deferred income
14.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 15)
15.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
16.
RELATED PARTY DISCLOSURES		 2025
£
-
2025
£
10,000
3,000
5,905
3,401
7,098
29,404
2025
£
2,500
2025
£
10,000
2,500
-		 2024
£
342
2024
£
10,000
-
5,438
1,184
3,684
20,306
2024
£
12,500
2024
£
10,000
10,000
2,500

There were no related party transactions for the year ended 31st August 2025 (2024: £NIL).

Page 18