**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: - Provide facilities for recreation and other leisure-time activities, with a particular focus on gymnastics. - Advance education, including physical education, through the delivery of gymnastics and related programmes. - Relieve those in need, particularly individuals caring for people with mental and/or physical disabilities, - by enabling participation in inclusive gymnastics activities. 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: - Improved physical and mental wellbeing - Access to positive and educational leisure-time activities - Support for families and individuals facing hardship, including subsidised or free participation ## **Measuring Success** The trustees monitor the impact and effectiveness of the CIO's activities through: - Participation levels and growth trends - Uptake of financial assistance and inclusion programmes - Progression and achievements in regional and national competitions - Engagement with underrepresented or disadvantaged groups - Volunteer recruitment, involvement, and retention 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: - Appointed a full-time Club Director to oversee day-to-day management, strengthen leadership, and - improve operational effectiveness - Delivery of weekly gymnastics sessions to over 1,300 participants - Provision of financial support, including: - 50% discounts for individuals receiving Universal Credit - Free places for asylum seekers and those experiencing hardship - Sibling discounts to support families and cost of living - Invested significantly in facilities, including the installation of new accessible and family-friendly toilet - provisions and the development of enhanced parent waiting areas with viewing screens across both gymnastics' spaces. - We increased overall floor capacity for gymnastics activities, while strengthening safeguarding measures - and improving safety, accessibility, and the overall experience for participants and spectators. - Restructuring the 'Gymnastics for All' programme to enhance quality and efficiency - Introduction of new classes for home-educated children Page 1 **YORK CITY GYMNASTICS FOUNDATION** ## **TRUSTEES' REPORT** ## **FOR THE YEAR ENDED 31 AUGUST 2025** - Supporting competitive squads across multiple disciplines, achieving success at both regional and national levels. ## **Volunteer Contribution** The CIO continues to benefit from the support of approximately 25 volunteers, whose contribution is integral to the organisation. - Volunteer roles include: - Coaching support and mentoring - Safeguarding and welfare - Judging at competitions - Event coordination and administration 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: - Delivery of gymnastics sessions across all disciplines, age groups, and ability levels - Restructuring of the Gymnastics for All programme to improve quality, efficiency, and accessibility - Continued competitive success at regional and national levels - Investment in facilities, improving capacity, accessibility, and safeguarding arrangements - Ongoing community support through financial assistance, including hardship provision and sibling discounts to help ease financial pressures on families ## **Review Against Objectives** The charity's objectives for the year centred on: - Increasing participation and promoting inclusion across all programmes - Enhancing the quality, consistency, and reach of recreational gymnastics provision - Maintaining and developing competitive performance pathways - Improving facilities to support programme delivery and user experience - Extending financial and practical support to disadvantaged groups 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: - Participant registration numbers and attendance data - Uptake of financial assistance schemes and hardship places - Feedback from members, participants, and parents - Competition entries, progression, and results - Volunteer numbers and hours contributed 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: - Strong and sustained demand for inclusive, high-quality gymnastics provision - Successful restructuring of key programmes, improving delivery and accessibility - Continued commitment and contribution from volunteers supporting operations and activities ## Challenges: - Ongoing economic pressures affecting affordability for some families - Recruitment of suitably qualified gymnastics coaches with appropriate certifications and experience - Ongoing changes to the UK Tax system - Rising employment costs, including increases to the National Living Wage needed to support staff - Capacity constraints during peak times, driven by high demand and limited facility space 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: - Continue to develop and expand its staff and volunteer base to support delivery and growth - Explore funding opportunities and investment options to further enhance facilities and capacity - Maintain a focus on inclusion by continuing to support disadvantaged and underrepresented groups - Build on recent facility improvements to increase participation and strengthen safeguarding arrangements 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 - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 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