REGISTERED COMPANY NUMBER: 08538449 (England and Wales) REGISTERED CHARITY NUMBER: 1154233
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2024
for
East Midlands Cheerleading Academy
East Midlands Cheerleading Academy
Contents of the Financial Statements for the Year Ended 31 August 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Cash Flow Statement | 6 | ||
| Notes to the Cash Flow Statement | 7 | ||
| Notes to the Financial Statements | 8 | to | 11 |
| Detailed Statement of Financial Activities | 12 |
East Midlands Cheerleading Academy
Report of the Trustees for the Year Ended 31 August 2024
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 2024. 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).
OBJECTIVES AND ACTIVITIES
Charities aims and performance
East Midlands Cheerleading Academy was originally set up to provide cheerleading classes to the local community in Nottingham, with particular focus on keeping young people under the age of 18 in sport. Since the start of the organisation in 2008 the structure has changed significantly with regard to both what we offer and to whom.
Over the last two years the club has grown significantly, currently providing services to over 400 members attending competitive teams and recreational classes on a weekly basis. As a club we have had renowned success both domestically and internationally. The club members are made up predominantly of females, with a lower number of both child and adult males. Members can join classes and/or teams from the age of 3 (with no upper limit). Around 50% of the members are aged over 18. Services offered include competitive teams, tumble classes, recreational cheer, open gyms and baby/toddler stay & play sessions.
EMCA has grown as a club since it’s origin and has developed to meet the demand in Nottingham, the surrounding areas and wider afield, ranging from those who wish to cheer at an international competitive level to those who just attend a weekly toddler group to socialise and meet new people. Despite this the goals of the club have not changed - we are still providing a community in which females and males of all ages can keep fit and active, learn a sport, meet new friends and build the life long skills of teamwork, trust and commitment.
The trustees therefore confirm that the charity is run for public benefit and they have had full regard to the guidance issued by the charity commission on public requirement.
Financial summary
In order to supplement the income from class, ticket and kit sales we continue to hire out surplus floor space, to maximise revenue potential, to both Nottingham Universities and those within the surrounding area, including smaller cheerleading gyms and schools in the East Midlands.
We also continue to operate our scholarship scheme and hardship funding (with annual reviews) for athletes in competitive teams who are in need of financial or other assistance. The aim is to support athletes within the club so that competitive cheerleading is available to anyone that wishes to participate.
In the previous year our rent was reviewed by our landlord and we undertook a staggered increase agreement to reach a new target rent of £58,000 per annum in 2025/26.
During a prior year, costs of £55,722 were incurred in relation to roof repairs. As the guarantee period for the work exceeded the term of the premise lease, 50% of this cost was met by the landlord. Should the charity choose to extend their lease beyond the current lease term ending in December 2028 the charity may be required to repay the landlord's contribution.
STRATEGIC REPORT
Reserves policy
Although the charity does not have a specific reserves policy, it continues to hold significant cash funds, which would be more than sufficient to cover any unexpected costs or loss of income over the next few years.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is a company limited by guarantee, as defined by the Companies Act 2006, and is governed by its Memorandum and Articles, as amended by Special Resolution.
Key management remuneration
The following individuals are considered to be key management personnel as they make the day to day decisions running the charity and they are remunerated for duties performed: Anna Mead (also a Trustee) Anthony Ridgeway Helena Shields (also a Trustee)
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
08538449 (England and Wales)
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East Midlands Cheerleading Academy
Report of the Trustees for the Year Ended 31 August 2024
Registered Charity number 1154233
Registered office
23 Handel Street Nottingham NG3 1JE
Trustees
Anna Mead (resigned 3.2.24) Helena Zarzycki (resigned 3.2.24) Alison Gill (appointed 3.2.24) Owain Huw Davies (appointed 3.2.24) Robin Enderby (appointed 3.2.24) Lisa Marie Trory (appointed 3.2.24) Anna Alexandra Mead Doctor (resigned 3.2.24) Helena Anne Shields (appointed 5.3.25)
The trustee memorandum sets out the role and approach for the charity's trustees.
Independent Examiner
Deborah Caine Mellor Oxland LLP Hine House 25 Regent Street Nottingham Nottinghamshire NG1 5BS
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 26 June 2025 and signed on the board's behalf by:
Owain Huw Davies - Trustee
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Independent Examiner's Report to the Trustees of East Midlands Cheerleading Academy
Independent examiner's report to the trustees of East Midlands Cheerleading Academy ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.
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.
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:
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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
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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
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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.
Deborah Caine
Mellor Oxland LLP Hine House 25 Regent Street Nottingham Nottinghamshire NG1 5BS
27 June 2025
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East Midlands Cheerleading Academy
Statement of Financial Activities for the Year Ended 31 August 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Other income 2 553,161 EXPENDITURE ON Other 468,438 NET INCOME/(EXPENDITURE) 84,723 RECONCILIATION OF FUNDS Total funds brought forward 196,170 TOTAL FUNDS CARRIED FORWARD 280,893 |
2023 Total funds £ 389,959 414,460 (24,501) 220,671 196,170 |
|---|---|
The notes form part of these financial statements
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East Midlands Cheerleading Academy
Balance Sheet 31 August 2024
| 2024 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 8 53,597 CURRENT ASSETS Debtors 9 5,848 Cash at bank 241,833 247,681 CREDITORS Amounts falling due within one year 10 (20,385) NET CURRENT ASSETS 227,296 TOTAL ASSETS LESS CURRENT LIABILITIES 280,893 NET ASSETS 280,893 FUNDS 11 Unrestricted funds 280,893 TOTAL FUNDS 280,893 |
2023 Total funds £ 57,860 10,300 129,469 139,769 (1,459) 138,310 196,170 196,170 196,170 196,170 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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
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(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 26 June 2025 and were signed on its behalf by:
Owain Huw Davies - Trustee
The notes form part of these financial statements
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East Midlands Cheerleading Academy
| Cash Flow Statement for the Year Ended 31 August 2024 2024 Notes £ Cash flows from operating activities Cash generated from operations 1 124,267 Net cash provided by/(used in) operating activities 124,267 Cash flows from investing activities Purchase of tangible fixed assets (11,903) Net cash (used in)/provided by investing activities (11,903) Change in cash and cash equivalents in the reporting period 112,364 Cash and cash equivalents at the beginning of the reporting period 129,469 Cash and cash equivalents at the end of the reporting period 241,833 |
2023 £ (22,156) (22,156) - - (22,156) 151,625 129,469 |
|---|---|
The notes form part of these financial statements
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East Midlands Cheerleading Academy
Notes to the Cash Flow Statement for the Year Ended 31 August 2024
1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Net income/(expenditure) for the reporting period (as per the | |||
| Statement of Financial Activities) | 84,723 | (24,501) | |
| Adjustments for: | |||
| Depreciation charges | 16,166 | 13,077 | |
| Decrease/(increase) in debtors | 4,452 | (10,300) | |
| Increase/(decrease) in creditors | 18,926 | (432) | |
| Net cash provided by/(used in) operations | 124,267 | (22,156) | |
| ANALYSIS OF CHANGES IN NET FUNDS | |||
| Net cash | At 1.9.23 £ |
Cash flow £ |
At 31.8.24 £ |
| Cash at bank | 129,469 | 112,364 | 241,833 |
| 129,469 | 112,364 | 241,833 | |
| Total | 129,469 | 112,364 | 241,833 |
2. ANALYSIS OF CHANGES IN NET FUNDS
The notes form part of these financial statements
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East Midlands Cheerleading Academy
Notes to the Financial Statements for the Year Ended 31 August 2024
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.
Plant and machinery - 20% on cost Fixtures and fittings - in accordance with the property
Fixtures and fittings are written off on a straight line basis over the remaining term of the property lease at the time of purchase. The current lease ends in December 2028.
.
Taxation
The charity is exempt from corporation tax on its charitable activities.
2. OTHER INCOME
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|---|---|---|
|2024|2023|
|£|£|
|Fees collected|419,153|339,837|
|Gym hire|15,907|6,330|
|Worlds and competitions|118,101|43,792|
|553,161|389,959|
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3. SUPPORT COSTS
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|---|---|
|Governance|
|costs|
|£|
|Other resources expended|2,200|
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East Midlands Cheerleading Academy
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
4. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 16,166 | 13,077 |
5. TRUSTEES' REMUNERATION AND BENEFITS
A provision in the governing document of the charity has allowed trustees to receive payments during the year to remunerate them for the time spent on administrative matters performed for the charity. Anna Mead received £20,004 and Helena Shields £20,004.
In addition to the Trustees Ant Ridgway, key management personnel, received remuneration in the year of £36,000.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
6.
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|
| INCOME AND ENDOWMENTS FROM Other income EXPENDITURE ON Other NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD INDEPENDENT EXAMINERS' REMUNERATION |
Unrestricted fund £ 389,959 414,460 (24,501) 220,671 196,170 2023 £ 600 858 |
|
| Fees payable to the charity's independent examiner for the independent examination of the charity's financial statements Other compliance services carried out by the independent examiner |
2024 £ 660 1,540 |
7. INDEPENDENT EXAMINERS' REMUNERATION
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East Midlands Cheerleading Academy
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
8. TANGIBLE FIXED ASSETS
| Fixtures | ||||
|---|---|---|---|---|
| Plant and | and | |||
| machinery | fittings | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 September 2023 | 61,569 | 94,071 | 155,640 | |
| Additions | - | 11,903 | 11,903 | |
| At 31 August 2024 | 61,569 | 105,974 | 167,543 | |
| DEPRECIATION | ||||
| At 1 September 2023 | 61,569 | 36,211 | 97,780 | |
| Charge for year | - | 16,166 | 16,166 | |
| At 31 August 2024 | 61,569 | 52,377 | 113,946 | |
| NET BOOK VALUE | ||||
| At 31 August 2024 | - | 53,597 | 53,597 | |
| At 31 August 2023 | - | 57,860 | 57,860 | |
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| Prepayments | 2024 £ 5,848 |
2023 £ 10,300 |
||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| Deferred income | 2024 £ 18,225 |
2023 £ - |
||
| Accrued expenses | 2,160 | 1,459 | ||
| 20,385 | 1,459 |
Deferred income represents amounts received in the period (2023 nil) that relate to events in the following period.
11. MOVEMENT IN FUNDS
| Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
At 1.9.23 £ 196,170 196,170 Incoming resources £ 553,161 553,161 |
Net movement At in funds 31.8.24 £ £ 84,723 280,893 84,723 280,893 Resources Movement expended in funds £ £ (468,438) 84,723 (468,438) 84,723 |
|---|---|---|
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East Midlands Cheerleading Academy
Notes to the Financial Statements - continued for the Year Ended 31 August 2024
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.9.22 £ Unrestricted funds General fund 220,671 TOTAL FUNDS 220,671 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 389,959 TOTAL FUNDS 389,959 |
Net movement At in funds 31.8.23 £ £ (24,501) 196,170 (24,501) 196,170 Resources Movement expended in funds £ £ (414,460) (24,501) (414,460) (24,501) |
|---|---|
12. OTHER FINANCIAL COMMITMENTS
At the Balance Sheet date there were total financial commitments of £231,000 (2023 £270,000). Amounts due within one year are £57,000 (2023 £54,000) and amounts due after one year but no later than five are £174,000 (2023 £216,000). Lease payments are recognised as an expense in the Statement of Financial Activities.
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2024.
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East Midlands Cheerleading Academy
| Detailed Statement of Financial Activities for the Year Ended 31 August 2024 2024 Unrestricted funds £ INCOME AND ENDOWMENTS Other income Fees collected 419,153 Gym hire 15,907 Worlds and competitions 118,101 553,161 Total incoming resources 553,161 EXPENDITURE Other Kit purchases 18,033 Coaching costs 120,916 Hall running 79,670 Worlds and competition costs 207,121 Other costs 24,332 Fixtures and fittings 16,166 466,238 Support costs Governance costs Independent examiners' remuneration 2,200 Total resources expended 468,438 Net income 84,723 |
2023 Total funds £ 339,837 6,330 43,792 389,959 389,959 63,913 116,575 65,976 137,364 16,097 13,077 413,002 1,458 414,460 (24,501) |
|---|---|
This page does not form part of the statutory financial statements
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