Registered number: 08470223 Charity number: 1152878
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY (A company limited by guarantee)
UNAUDITED
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
CONTENTS
| Page | |
|---|---|
| Reference and administrative details of the Company, its Trustees and advisers | 1 |
| Trustees' report | 2 - 5 |
| Independent examiner's report | 6 - 8 |
| Statement of financial activities | 9 |
| Balance sheet | 10 - 11 |
| Notes to the financial statements | 12 - 24 |
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2024
| Trustees | Mr Ian Scott-Smith |
|---|---|
| Mrs Elizabeth Jacques | |
| Ms Lisa Boarer | |
| Ms Amy Woolgar | |
| Company registered number 08470223 Charity registered number 1152878 Registered office 52 New Town Uckfield East Sussex TN22 5DE Accountants Simmons Gainsford Professional Services Limited Chartered Accountants 52 New Town Uckfield East Sussex TN22 5DE |
Page 1
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
The Trustees present their annual report together with the financial statements of the Sky High Trampoline Gymnastics Academy for the year 1 October 2023 to 30 September 2024. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The Charity's objects are to foster and promote community participation in healthy recreation for the benefit of the inhabitants of Uckfield, East Sussex and the surrounding districts by the provision of facilities and coaching of trampoline, gymnastics, Double Mini Trampoline (DMT) and tumbling and the provision of these for all ages and abilities. The policies adopted in furtherance of these objects are the provision of trampoline, gymnastics, DMT and tumbling classes for all ages and abilities, the provision of appropriate facilities and the sale of relevant merchandise. There has been no change in these during the period.
The Charity is responsible for all the activities that take place at Fun Abounds Trampoline Centre and provides services to all. These include recreational and competitive trampoline, gymnastics, tumbling and DMT sessions for children and adults, supervised play sessions, fun sessions for pre-school and school age children, individual needs sessions and exclusive sessions for several care homes for adults with disabilities. Additionally, during the day several schools attend for lessons including two local special schools with children from all Key Stages. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Page 2
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
Objectives and activities (continued)
b. Activities undertaken to achieve objectives
The Centre is fully accessible, with a hoist to enable wheelchair users to access the trampolines. Several adults with limited mobility from local adult care homes are therefore able to take advantage of this and their carers have seen great improvement in their sense of well being. The Centre is hired out exclusively to one group of adults with autism and challenging behaviour unable to attend other leisure facilities, therefore this group is able to access a sport they would not otherwise be able to do.
Supervised play sessions are offered to pre school age children and home educated children during the school day in term time, with a host of organised activity camps, workshops and individual coached sessions throughout the school holidays. Local youth groups including Cubs, Brownies, Girl Guides and church youth groups have attended to have some fun and hundreds of children and adults have attended birthday parties at the Centre.
The Centre is home to the competitive section of the Sky High Trampoline Gymnastics Academy, which now has over 500 members taking part in recreational activities and 74 competitive members from the area, competing in trampoline, DMT and tumbling; currently boasting 12 National level performers, being one of the most highly regarded elite Clubs in the country.
c. Main activities undertaken to further the Company's purposes for the public benefit
The benefits to the community can be seen in so many areas. Children make friends in a safe environment, committed to building self-confidence, self-esteem, accessible to all with numerous health benefits such as improved co-ordination, balance, fitness, mobility strength to name but a few. It has been a refuge for several and it has seen many people, young and older, grow, develop, increase in confidence and shine.
It has enabled many people to take on roles they never imagined they would and it has provided a career pathway for numerous young people, including school leavers without any previous employment. The development of an Advanced Gymnastics Display team has seen a talented group of gymnasts take part in GymFusion, a national event organised by the governing body British Gymnastics, giving those involved the opportunity to display their skills and talents as a team in a fun, friendly and non-competitive environment.
Achievements and performance
a. Main achievements of the Company
Sky High Trampoline Gymnastics Academy ran programmes across trampoline, gymnastics, DMT and tumbling during the 2023/2024 financial year. Volunteers are a huge part of the Charity and have supported Sky High across all areas of its work and we are very grateful for their knowledge, experience and enthusiasm. Their roles vary from judging to helping with maintenance and repairs and selling merchandise and during the year, have donated hundreds of hours of their time to help Sky High achieve its mission.
As part of the Young Leaders scheme, several of our young people help in coaching sessions and to support the younger gymnasts whilst competing. An annual competition held in November each year, provided these young people opportunities to organise and co-ordinate those competing. The competition is open to all – adults, children and those with additional needs as well as many gymnasts from other local clubs – providing a wonderful day of fun for all involved.
Page 3
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
The positive upward trend in income continued from the 2022/2023 financial year, resulting in a very positive start to the 2023/2024 financial year. The demand for spaces in the recreational classes continued to far exceed the number of spaces, enabling monies to be put aside for replacing equipment. The Company’s financial stability remained consistent through the year. The Trustees are confident the Company will remain financially viable for the long term. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
b. Reserves policy
The reserves policy is to hold 3 months of operating costs to ensure the Company can continue to provide services during periods of inconsistent funding. This amount is currently estimated at £75,000. The current amount of free cash reserves is £0 which falls short of the desired policy level. The Company is investigating ways to bring the current free reserves level in line with the policy.
Structure, governance and management
a. Constitution
Sky High Trampoline Gymnastics Academy is a Company limited by guarantee which was incorporated on 2nd April 2013. The Company was registered with the Charity Commission on 15th July 2013 and commenced activities from this date.
b. Methods of appointment or election of Trustees
The management of the Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
c. Financial risk management
The Trustees have assessed the major risks to which the Company is exposed, in particular those related to the operations and finances of the Company and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
Members' liability
The Members of the Company guarantee to contribute an amount not exceeding £10 to the assets of the Company in the event of winding up.
Page 4
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgements and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
................................................ Ms Lisa Boarer (Trustee) Date: 5/4/2025 | 09:56 BST
Page 5
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
Independent examiner's report to the Trustees of Sky High Trampoline Gymnastics Academy ('the Company')
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 30 September 2024.
Responsibilities and basis of report
As the Trustees of the Company (and 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 the Company's accounts 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 6
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
Independent examiner's statement
Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Association of Chartered Certified Accountants, 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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Page 7
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY (A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2024
This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.
7/4/2025 | 08:09 BST
Signed:
Dated:
James Duggan Association of Chartered Certified Accountants
Simmons Gainsford Professional Services Limited Chartered Accountants 52 New Town Uckfield East Sussex TN22 5DE
Page 8
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2024
| Note Income from: Donations and legacies 3 Charitable activities 4 Other trading activities 5 Other income 6 Total income Expenditure on: Raising funds Charitable activities 7 Total expenditure Net movement in funds before other recognised gains/(losses) Other recognised gains/(losses): Other losses Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Restricted funds 2024 £ 857 - - - 857 - 300 300 557 - 557 - 557 557 |
Unrestricted funds 2024 £ 3,042 470,274 24,072 1,267 498,655 14,275 474,767 489,042 9,613 - 9,613 20,065 9,613 29,678 |
Total funds 2024 £ 3,899 470,274 24,072 1,267 499,512 14,275 475,067 489,342 10,170 - 10,170 20,065 10,170 30,235 |
Total funds 2023 £ 4,542 436,066 20,947 5,923 467,478 15,030 419,777 434,807 32,671 (2,190) 30,481 (10,416) 30,481 20,065 |
|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 12 to 24 form part of these financial statements.
Page 9
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee) REGISTERED NUMBER: 08470223
BALANCE SHEET AS AT 30 SEPTEMBER 2024
| Note Fixed assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand Creditors: amounts falling due within one year 14 Net current liabilities / assets Total assets less current liabilities Creditors: amounts falling due after more than one year 15 Net assets Charity funds Restricted funds 16 Unrestricted funds 16 Total funds |
26,095 5 26,100 (59,682) |
2024 £ 91,204 91,204 (33,582) 57,622 (27,387) 30,235 557 29,678 30,235 |
27,594 14,593 42,187 (40,775) |
2023 £ 51,499 51,499 1,412 52,911 (32,846) 20,065 - 20,065 20,065 |
|---|---|---|---|---|
Page 10
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee) REGISTERED NUMBER: 08470223
BALANCE SHEET (CONTINUED) AS AT 30 SEPTEMBER 2024
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................
Ms Lisa Boarer
(Trustee) Date: 5/4/2025 | 09:56 BST
The notes on pages 12 to 24 form part of these financial statements.
Page 11
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
1. General information
Sky High Trampoline Gynastics Academy is a company limited by guarantee (08470223), registered in England and Wales. The registered office address is 52 New Town, Uckfield, East Sussex, TN22 5DE. The members of the company are the Trustees named on within the Trustees' report. In the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per member of the company.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Sky High Trampoline Gymnastics Academy meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Going concern
The financial statements have been prepared on a going concern basis for the reasons explained in more detail within the Trustees' Report.
2.3 Income
All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to measure this reliably, in which case the cost of the item to the donor should be used. The gain is recognised as income from donations and a corresponding amount is included in the appropriate fixed asset class and depreciated over the useful economic life in accordance with the Company's accounting policies.
On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the Company which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Page 12
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
2. Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Government grants
Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £300 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
- Fixtures and fittings Over 10 years
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 13
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
2. Accounting policies (continued)
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
2.10 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.11 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Company and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 14
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
3. Income from donations and legacies
| Donations Grants Total 2023 |
Restricted funds 2024 Unrestricted funds 2024 £ £ 857 3,042 - - 857 3,042 - 4,542 |
Total funds 2024 £ 3,899 - 3,899 4,542 |
Total funds 2023 £ 3,542 1,000 |
|---|---|---|---|
| 4,542 | |||
4. Income from charitable activities
| Unrestricted funds 2024 £ Services 43,016 Membership fees 91,273 Course income 283,236 Venue hire 28,413 Competition entries 24,336 470,274 Total 2023 436,066 |
Total funds 2024 £ 43,016 91,273 283,236 28,413 24,336 470,274 436,066 |
Total funds 2023 £ 35,560 92,010 259,307 28,213 20,976 |
|---|---|---|
| 436,066 | ||
Page 15
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
5. Income from other trading activities
Income from non charitable trading activities
| Unrestricted funds 2024 £ Cafe sales 19,659 Merchandise 4,413 24,072 Total 2023 20,947 |
Total funds 2024 £ 19,659 4,413 24,072 20,947 |
Total funds 2023 £ 14,978 5,969 |
|---|---|---|
| 20,947 | ||
6. Other incoming resources
| Government grants Bank interest Total 2023 |
Unrestricted funds 2024 £ 1,008 259 1,267 5,923 |
Total funds 2024 £ 1,008 259 1,267 5,923 |
Total funds 2023 £ 5,801 122 |
|---|---|---|---|
| 5,923 | |||
Page 16
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
7. Analysis of expenditure on charitable activities
Summary by fund type
| Charitable activities Total 2023 |
Restricted funds 2024 Unrestricted funds 2024 £ £ 300 474,767 800 418,977 |
Total 2024 £ 475,067 419,777 |
Total 2023 £ 419,777 |
|---|---|---|---|
8. Analysis of expenditure by activities
| Charitable activities Total 2023 |
Activities undertaken directly 2024 £ 475,067 419,777 |
Total funds 2024 £ 475,067 419,777 |
Total funds 2023 £ 419,777 |
|---|---|---|---|
Page 17
(A company limited by guarantee)
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
8. Analysis of expenditure by activities (continued)
Analysis of direct costs
| Staff costs Depreciation Rent and rates Bank and card fees Competition fees Light and heat Office costs Repairs and maintenance Cleaning Insurance Travel Advertising Training Miscellaneous Accountancy Interest payable on bank loans Total 2023 |
Services 2024 £ 273,035 10,786 87,529 9,715 18,676 15,054 14,613 15,989 12,553 5,671 424 413 2,851 1,063 5,799 896 475,067 419,777 |
Total funds 2024 £ 273,035 10,786 87,529 9,715 18,676 15,054 14,613 15,989 12,553 5,671 424 413 2,851 1,063 5,799 896 475,067 419,777 |
Total funds 2023 £ 235,460 9,388 87,514 8,785 13,679 16,520 8,465 7,832 12,418 6,065 3,931 701 1,665 1,925 4,389 1,040 |
|---|---|---|---|
| 419,777 | |||
9. Independent examiner's remuneration
The independent examiner's remuneration amounts to an independent examiner fee of £1,460 (2023 - £1,330).
Page 18
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
10. Staff costs
| Wages and salaries Social security costs Contribution to defined contribution pension schemes |
2024 £ 253,207 15,072 4,757 273,036 |
2023 £ 219,843 10,542 5,075 |
|---|---|---|
| 235,460 |
The average number of persons employed by the Company during the year was as follows:
| Coaching staff Admin staff |
2024 No. 15 1 16 |
2023 No. 16 1 |
|---|---|---|
| 17 |
No employee received remuneration amounting to more than £60,000 in either year.
11. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 30 September 2024, no Trustee expenses have been incurred (2023 - £NIL).
Page 19
(A company limited by guarantee)
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
| 12. Tangible fixed assets Cost At 1 October 2023 Additions At 30 September 2024 Depreciation At 1 October 2023 Charge for the year At 30 September 2024 Net book value At 30 September 2024 At 30 September 2023 |
Fixtures and fittings £ 121,648 50,491 |
|---|---|
| 172,139 | |
| 70,149 10,786 |
|
| 80,935 | |
| 91,204 | |
| 51,499 |
13. Debtors
| Due within one year Trade debtors Prepayments and accrued income |
2024 £ 730 25,365 26,095 |
2023 £ 2,823 24,771 27,594 |
|---|---|---|
Page 20
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
14. Creditors: Amounts falling due within one year
| Bank overdrafts Other loans Trade creditors Other taxation and social security Pension fund loan payable Other creditors Accruals and deferred income |
2024 £ 4,317 5,459 33,047 5,094 1,083 4,000 6,682 59,682 |
2023 £ - 5,315 24,563 4,419 1,026 - 5,452 |
|---|---|---|
| 40,775 |
15. Creditors: Amounts falling due after more than one year
| Bank loans Included within the above are amounts falling due as follows: Between one and two years Bank loans Between two and five years Bank loans Over five years Bank loans |
2024 £ 27,387 2024 £ 5,604 17,676 4,107 |
2023 £ 32,846 |
|---|---|---|
| 2023 £ 5,460 |
||
| 17,243 | ||
| 10,143 |
Page 21
SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
16. Statement of funds
Statement of funds - current year
| Unrestricted funds General Funds - all funds Restricted funds Display Team 2027 Competition fund Total of funds Statement of funds - prior year Balance at 1 October 2022 £ Unrestricted funds General Funds - all funds (11,216) Restricted funds Restricted Funds - all funds 800 Total of funds (10,416) |
Balance at 1 October 2023 £ 20,065 - - - 20,065 Income £ 467,478 - 467,478 |
Income £ 498,655 557 300 857 499,512 Expenditure £ (434,007) (800) (434,807) |
Expenditure £ (489,042) - (300) (300) (489,342) Gains/ (Losses) £ (2,190) - (2,190) |
Balance at 30 September 2024 £ 29,678 |
|---|---|---|---|---|
| 557 - |
||||
| 557 | ||||
| 30,235 | ||||
| Balance at 30 September 2023 £ 20,065 |
||||
| Unrestricted funds General Funds - all funds Restricted funds Restricted Funds - all funds Total of funds |
||||
| - | ||||
| 20,065 |
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SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
16. Statement of funds (continued)
The purposes of the restricted funds are outlined below:
Display Team 2027 - To support the display team taking part of the World Gymnaestrada in Lisbon in 2027.
Competition fund - To pay for entry and other costs relating to various competitions and to provide prizes.
17. Analysis of net assets between funds
Analysis of net assets between funds - current period
| Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total |
Restricted funds 2024 Unrestricted funds 2024 £ £ - 91,204 557 25,543 - (59,682) - (27,387) 557 29,678 |
Total funds 2024 £ 91,204 26,100 (59,682) (27,387) 30,235 |
|---|---|---|
Analysis of net assets between funds - prior period
| Unrestricted funds 2023 £ Tangible fixed assets 51,499 Current assets 42,187 Creditors due within one year (40,775) Creditors due in more than one year (32,846) Total 20,065 |
Total funds 2023 £ 51,499 42,187 (40,775) (32,846) 20,065 |
|---|---|
18. Pension commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,757 (2023: £5,075).
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SKY HIGH TRAMPOLINE GYMNASTICS ACADEMY
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024
18. Pension commitments (continued)
Contributions totalling £1,083 (2023: £1,026) were payable to the fund at the balance sheet date and are included in creditors.
19. Operating lease commitments
At 30 September 2024 the Company had commitments to make future minimum lease payments under non-cancellable operating leases as follows:
| Not later than 1 year Later than 1 year and not later than 5 years |
2024 £ 84,000 126,000 210,000 |
2023 £ 84,000 210,000 |
|---|---|---|
| 294,000 |
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