Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
**Charity number: 1157394**
## **South Durham Gymnastics**
## **Unaudited**
**Trustees' report and financial statements Year ended 30 June 2025**
Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **South Durham Gymnastics**
## **Contents**
||Page|
|---|---|
|Reference and administrative details|1|
|Trustees' report|2 - 5|
|Trustees' responsibilities statement|6|
|Independent examiner's report|7|
|Statement of financial activities|8|
|Balance sheet|9|
|Statement of cash flows|10|
|Notes to the financial statements|11 - 20|
Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **South Durham Gymnastics**
## **Reference and administrative details Year ended 30 June 2025**
|**Trustees**|Paul Anderson|
|---|---|
||Marion Gates|
||Gordon McDonald|
||Tracy McKeown|
|**Charity registered**
**number**
1157394
**Principal office**
1 Flambard Drive
Bishop Auckland
County Durham
DL14 7GG
**Accountants**
UNW LLP
Chartered Accountants
Citygate
St James' Boulevard
Newcastle upon Tyne
NE1 4JE||
Page 1
Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **South Durham Gymnastics**
## **Trustees' report Year ended 30 June 2025**
The trustees present their annual report together with the financial statements of the charity South Durham Gymnastics for the year ended 30 June 2025.
## **Objectives and activities**
## **Policies and objectives**
The principal objective of the charity is to promote healthy recreational opportunities for the benefit of residents of South West Durham and the wider community. This is achieved through the provision of high quality facilities for participation in gymnastics and gymnastic related activities, delivered by qualified and enthusiastic coaches.
The charity is affiliated with the Independent Gymnastics Association. Our new association with NGA UK has further strengthened opportunities for competitive members to participate in regional and national competitions.
In accordance with the Charities Act 2011, the trustees have referred to the guidance contained in the Charities Commission's general guidance on public benefit when reviewing the aims and objectives of the charity and when planning future activities.
## **Achievements and performance**
## **Review of activities**
The charity continues to provide a safe, effective and child friendly environment where individuals of all ages - from birth to adulthood - can participate in gymnastics at every level. Delivery is overseen by a board of trustees and two highly experienced managers and a head coach, supported by approximately 30 full and part time staff and several volunteers.
The club receives around 2,000 visits per week, including:
- Recreational gymnasts (average 820 per week)
- Squad gymnasts (average 170)
- Adults
- Baby gym participants
- Special needs groups
- School groups
- University students
- Underprivileged groups
Waiting lists remain high at approximately 800 people, and recreational membership retention has consistently remained above 85% at each renewal period.
All age appropriate squad gymnasts are offered opportunities to compete throughout the year, including invitational events, NGA qualifying competitions and national events. Every competitive member is given the chance to travel away from home to compete.
Page 2
Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **South Durham Gymnastics**
**Trustees' report (continued) Year ended 30 June 2025**
## **Achievements and performance (continued)**
## **Key achievements**
Coaching and judging development
All squad coaches undertook NGA judging courses, resulting in:
- 4 × Advanced Judges
- 3 × Panel Judges
- 2 × Foundation Judges
Club recognition
- North Region Club of the Year 2023, awarded at the 2024 North East Gymnastics Association Awards.
- Staff Achievement – Kelly Milnes.
- Awarded the WAG Award of Merit 2024.
- Received the President’s Award for outstanding contribution to gymnastics.
- Awarded a British Gymnastics Award of Merit for excellence in judging.
## Newly qualified coaches:
- 9 × Level 1 coaches - Chloe Beha, Izzy Williams, Lily Hill, Eva Mae Seed, Erin Schraner, Claire Smith, Chloe Bailes, Maebh Snell, Sophie Garnett.
- 2 × WAG Level coaches - Lauryn Armstrong & Sophie Willis.
The club also recruited 14 trainee coaches (aged 14–16) into the Coaching Academy Programme.
## Competitive success
- 76 gymnasts represented the club at NGA National Finals.
- 16 NGA National Champions crowned during the years.
Programme growth and new initiatives
- Introduction of Breakfast Club at Thursday and Friday Baby & Toddler Gym sessions.
- Continued growth in school based sessions, which remain highly popular.
Equipment and facility investment
- Updated baby gym equipment.
- Updated pre school equipment.
- New foam blocks and foam springboards.
- Full building maintenance checks and PAT testing completed.
- Installation of new LED lighting throughout the gym, supported by successful funding bids.
## Competitions and events
- NGA Perfectly Pink competition weekend.
- Generated £8,000 revenue.
- Hosted over 200 gymnasts from across the UK.
- Christmas Show 2024 – “Through the Decades”.
- Fully sold out dance and gymnastics showcase.
- Strengthened community engagement and celebrated squad talent.
Page 3
Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **South Durham Gymnastics**
**Trustees' report (continued) Year ended 30 June 2025**
## **Achievements and performance (continued)**
Fundraising and Grants
- 100 Club Fundraising Initiative continues to provide reliable income supporting club development.
- Defibrillator Fundraising.
- Successfully raised £900 to purchase a defibrillator, improving on site safety.
- Facility Improvements Funding.
- Supported the installation of LED lighting throughout the gym.
Community Links
- Partnership with Rise (local Active Partnership), including welfare events and collaborative development work with Rowena Carr.
- Parent Engagement Project – “You Said, We Listened”.
- Gathered parent feedback and shared outcomes to improve communication and overall club experience.
## Social Media and Communications
The club launched the “In the Spotlight” social media campaign, celebrating individual gymnast journeys and achievements. This contributed to a strong online presence, generating:
- 114.5k views.
- 6.2k profile visits.
This increased visibility has strengthened community engagement and raised the club’s profile locally.
## **Financial review**
The charity generated £700,879 income (2024: £504,525) and incurred £533,753 expenditure (2024: £484,216). Included within income is £173,044 received from ARAG in compensation and interest relating to legal expenses.
## **Reserves policy**
Trustees aim to hold between three and six months of running costs as free reserves.
Unrestricted reserves at year end totalled £225,555, of which £30,646 is held in fixed assets, leaving £194,909 as free reserves.
Trustees are satisfied with this position and will continue to build reserves in line with increased capacity.
## **Going concern**
Cashflow forecasts are updated monthly and reviewed by management and trustees.
Fees were increased by approximately 10% in March 2025 to meet wage and statutory minimum wage increases. Fees will next be reviewed in Spring 2026.
Income from subscriptions and classes totalled £507,769 for the year.
Page 4
Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **South Durham Gymnastics**
**Trustees' report (continued) Year ended 30 June 2025**
## **Structure, governance and management**
## **Structure**
The charity was incorporated as a Charitable Incorporated Organisation (registered charity number 1157394) on 9 June 2014.
## **Trustees**
The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the Trust deed. Induction is provided to new trustees if required.
## **Management**
The charity continues to fully review its policies and procedures and has continued to deliver training to its employees, as it does every year.
## **Risk management**
The trustees have assessed the major risks facing the charity, particularly operational and financial risks, and are satisfied that appropriate systems and procedures are in place to mitigate these risks.
## **Plans for future periods**
The charity’s aims for the coming year include:
- Maintaining full GDPR compliance and updating systems and operating standards.
- Continuing to deliver excellent customer service and coaching.
- Increasing the number of Level 2 coaches within the club.
- Supporting Jade Armstrong in completing her Level 4 coaching qualification.
- Enhancing staff development through guest coaching opportunities.
- Continuing facility improvements, including refurbishment of the matting area and pits around the bars.
Approved by order of the members of the board of trustees on 29 April 2026 and signed on their behalf by:
## **P Anderson**
Page 5
Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **South Durham Gymnastics**
## **Statement of trustees' responsibilities Year ended 30 June 2025**
The trustees 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).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the charity 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 judgments 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 charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity 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 on 29 April 2026 and signed on its behalf by:
**Paul Anderson** D21184A5B7E6490...
Page 6
Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **Independent examiner's report Year ended 30 June 2025**
## **Independent examiner's report to the trustees of South Durham Gymnastics ('the charity')**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 June 2025.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 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 that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
This report is made solely to the charity'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 charity'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 charity and the charity's trustees as a body, for my work or for this report.
Signed: Dated: 29 April 2026 [Ane Kallorell Anne Hallowell BSc DChA FCA
UNW LLP Chartered Accountants Newcastle upon Tyne
Page 7
Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **South Durham Gymnastics**
## **Statement of financial activities Year ended 30 June 2025**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
Other income
6
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
7
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
**9,939**
**507,769**
**635**
**9,492**
**173,044**
**700,879**
**355**
**533,398**
**533,753**
**167,126**
**58,429**
**167,126**
**225,555**|**Total**
**funds**
**2025**
**£**
**9,939**
**507,769**
**635**
**9,492**
**173,044**
**700,879**
**355**
**533,398**
**533,753**
**167,126**
**58,429**
**167,126**
**225,555**|Total
funds
2024
£
-
482,126
-
22,399
-|
|---|---|---|---|
||||504,525|
||||330
483,886|
||||484,216|
||||20,309|
||||38,120
20,309|
||||58,429|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 11 to 20 form part of these financial statements.
Page 8
Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **South Durham Gymnastics**
## **Balance sheet At 30 June 2025**
||||**2025**|**2025**||2024|2024|
|---|---|---|---|---|---|---|---|
||**Note**||**£**|||£||
|**Fixed assets**||||||||
|Tangible assets|9||**30,646**|||48,256||
||||**30,646**|||48,256||
|**Current assets**||||||||
|Debtors|10|**67,203**|||700|||
|Cash at bank and in hand||**151,770**|||53,405|||
|||**218,973**|||54,105|||
|Creditors: amounts falling due within one||||||||
|year|11|**(16,603)**|||(26,363)|||
|**Net current assets**|||**202,370**|||27,742||
|**Total assets less current liabilities**|||**233,016**|||75,998||
|Creditors: amounts falling due after more||||||||
|than one year|12||**(7,461)**|||(17,569)||
|**Net assets**|||**225,555**|||58,429||
|**Total net assets**|||**225,555**|||58,429||
|**Charity funds**||||||||
|Unrestricted funds|13||**225,555**|||58,429||
|**Total funds**|||**225,555**|||58,429||
The financial statements were approved and authorised for issue by the trustees on 29 April 2026 and signed on their behalf by:
## **Paul Anderson**
The notes on pages 11 to 20 form part of these financial statements.
Page 9
Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **South Durham Gymnastics**
## **Statement of cash flows Year ended 30 June 2025**
|**Cash flows from operating activities**
Net cash used in operating activities
**Cash flows from investing activities**
Dividends, interests and rents from investments
**Net cash provided by investing activities**
**Cash flows from financing activities**
Repayments of borrowing
**Net cash used in financing activities**
**Change in cash and cash equivalents in the year**
Cash and cash equivalents at the beginning of the year
**Cash and cash equivalents at the end of the year**|**2025**
**£**
**109,941**
**9,492**
**9,492**
**(21,068)**
**(21,068)**
**98,365**
**53,405**
**151,770**|2024
£
104
22,399
**22,399**
(32,932)
**(32,932)**
**(10,429)**
63,834
53,405|
|---|---|---|
The notes on pages 11 to 20 form part of these financial statements
Page 10
Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **South Durham Gymnastics**
## **Notes to the financial statements Year ended 30 June 2025**
## **1. Accounting policies**
## **1.1 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 Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
South Durham Gymnastics constitutes a public benefit entity under FRS 102.
The financial statements are prepared in pounds sterling which is the functional currency of the charity and are rounded to the nearest £1.
## **1.2 Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
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 11
Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
**Notes to the financial statements Year ended 30 June 2025**
## **South Durham Gymnastics**
## **1. Accounting policies (continued)**
## **1.3 Expenditure**
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity, including those incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements.
Charitable activities and Governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
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 raising funds includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **1.4 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **1.5 Tangible fixed assets and depreciation**
All assets costing more than £500 are capitalised.
The estimated useful lives are as follows:
Gym equipment - 10 years Office equipment - 10 years
## **1.6 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.
Page 12
Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **South Durham Gymnastics**
**Notes to the financial statements Year ended 30 June 2025**
## **1. Accounting policies (continued)**
## **1.7 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.
## **1.8 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 charity 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.
## **1.9 Pensions**
The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.
## **1.10 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 charity and which have not been designated for other purposes.
Investment income, gains and losses are allocated to the appropriate fund.
## **2. Critical accounting estimates and areas of judgment**
Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions:
In preparing these financial statements the trustees do not consider there were any significant areas of judgment or estimation uncertainty that were required in applying the charity's accounting policies as set out above.
Page 13
Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **South Durham Gymnastics**
## **Notes to the financial statements Year ended 30 June 2025**
## **3. Donations**
|**Unrestricted**
**funds**
**2025**
**£**
Grants
9,939
**4.**
**Income from charitable activities**
**Unrestricted**
**funds**
**2025**
**£**
Subscriptions and classes
495,161
Rent receivable
12,608
507,769
**5.**
**Income from other trading activities**
**Income from fundraising events**
**Unrestricted**
**funds**
**2025**
**£**
Fundraising
635
**6.**
**Other incoming resources**
**Unrestricted**
**funds**
**2025**
**£**
Insurance claim
173,044|**Total**
**funds**
**2025**
**£**
**9,939**
**Total**
**funds**
**2025**
**£**
**495,161**
**12,608**
**507,769**
**Total**
**funds**
**2025**
**£**
**635**
**Total**
**funds**
**2025**
**£**
**173,044**|Total
funds
2024
£
-|
|---|---|---|
|||Total
funds
2024
£
469,126
13,000|
|||482,126|
|||Total
funds
2024
£
-|
|||Total
funds
2024
£
-|
Page 14
Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **South Durham Gymnastics**
## **Notes to the financial statements Year ended 30 June 2025**
## **7. Analysis of expenditure by activities**
|Provision of gymnastics sessions and coaching
Provision of gymnastics sessions and coaching|**Activities**
**undertaken**
**directly**
**2025**
**£**
375,344
Activities
undertaken
directly
2024
£
342,198|**Support**
**costs**
**2025**
**£**
158,054
Support
costs
2024
£
141,689|**Total**
**funds**
**2025**
**£**
**533,398**|
|---|---|---|---|
||||Total
funds
2024
£
483,887|
## **Analysis of direct costs**
|Staff costs
Depreciation
Classes and competitions|**Activities**
**2025**
**£**
298,204
17,610
59,530
375,344|**Total**
**funds**
**2025**
**£**
**298,204**
**17,610**
**59,530**
**375,344**|Total
funds
2024
£
282,658
17,610
41,930|
|---|---|---|---|
||||342,198|
Page 15
Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **South Durham Gymnastics**
## **Notes to the financial statements Year ended 30 June 2025**
## **7. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Building, rent and rates
Office and administration
Legal and professional
Independent examination fee
Vehicle contract hire|**Activities**
**2025**
**£**
106,659
14,672
27,802
3,600
5,321
158,054|**Total**
**funds**
**2025**
**£**
**106,659**
**14,672**
**27,802**
**3,600**
**5,321**
**158,054**|Total
funds
2024
£
94,880
23,863
19,526
3,420
-|
|---|---|---|---|
||||141,689|
## **8. Staff costs**
|Wages and salaries
Social security costs
Other pension costs|**2025**
**£**
**264,444**
**9,075**
**24,685**
**298,204**|2024
£
247,130
10,859
24,669|
|---|---|---|
||||
|||282,658|
The average number of persons employed by the charity during the year was as follows:
||**2025**|2024|
|---|---|---|
||**No.**|No.|
|Employees|**35**|25|
No employee received remuneration amounting to more than £60,000 in either year.
No trustees received any remuneration, benefits or reimbursement of expenses for their services to the charity during the period.
Page 16
Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **South Durham Gymnastics**
## **Notes to the financial statements Year ended 30 June 2025**
## **9. Tangible fixed assets**
|**Cost**
At 1 July 2024
At 30 June 2025
**Depreciation**
At 1 July 2024
Charge for the year
At 30 June 2025
**Net book value**
At 30 June 2025
At 30 June 2024
**10.**
**Debtors**
Trade debtors
Other debtors|**Gym**
**equipment**
**£**
**157,509**
**157,509**
**112,957**
**15,751**
**128,708**
**28,801**
44,552||**Office**
**equipment**
**£**
**18,586**
**18,586**
**14,882**
**1,859**
**16,741**
**1,845**
3,704
**2025**
**£**
**1,620**
**65,583**
**67,203**|**Total**
**£**
**176,095**|
|---|---|---|---|---|
|||||**176,095**|
|||||**127,839**
**17,610**|
|||||**145,449**|
|||||**30,646**|
|||||48,256|
|||||2024
£
700
-
700|
Other debtors include amounts due in respect of an insurance claim, including associated interest accrued at the balance sheet date.
Page 17
Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **South Durham Gymnastics**
## **Notes to the financial statements Year ended 30 June 2025**
## **11. Creditors: amounts falling due within one year**
|Coronavirus bounce-back loan
Other taxation and social security
Other creditors
Accruals and deferred income|**2025**
**£**
**10,000**
**2,253**
**-**
**4,350**
**16,603**|2024
£
10,000
2,043
10,960
3,360|
|---|---|---|
||||
|||26,363|
## **12. Creditors: amounts falling due after more than one year**
||**2025**|2024|
|---|---|---|
||**£**|£|
|Coronavirus bounce-back loan|**7,461**|17,569|
The Coronavirus bounce-back loan is 80% guaranteed by the UK Government. The loan is over a 6 year term with a payment holiday for the first 12 months. The loan is unsecured and accrues interest at 2.5% per annum. See note 11 for the amount due in less than 1 year.
## **13. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General funds
**Statement of funds - prior year**
**Unrestricted funds**
General funds|**Balance at 1**
**July 2024**
**£**
**58,429**
Balance at
1 July 2023
£
38,120|**Income**
**£**
**700,879**
Income
£
504,525|**Expenditure**
**£**
**(533,753)**
Expenditure
£
(484,216)|**Balance at**
**30 June**
**2025**
**£**
**225,555**|
|---|---|---|---|---|
|||||Balance at
30 June
2024
£
58,429|
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Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **South Durham Gymnastics**
## **Notes to the financial statements Year ended 30 June 2025**
## **14. Reconciliation of net movement in funds to net cash flow from operating activities**
|Net income for the year (as per Statement of Financial Activities)
**Adjustments for:**
Depreciation charges
Dividends, interests and rents from investments
Decrease/(increase) in debtors
(Decrease)/increase in creditors
**Net cash provided by operating activities**
**15.**
**Analysis of cash and cash equivalents**
Cash in hand
**Total cash and cash equivalents**
**16.**
**Analysis of changes in net debt**|**2025**
**£**
**167,126**
**17,610**
**(9,492)**
**(66,503)**
**1,200**
**109,941**
**2025**
**£**
**151,770**
**151,770**|2024
£
20,309
17,610
(22,399)
534
(15,950)
104
2024
£
53,405
53,405|
|---|---|---|
|Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year|**At 1 July**
**2024**
**£**
**53,405**
**(20,960)**
**(17,569)**
**14,876**|**Cash flows**
**£**
**98,365**
**21,068**
**-**
**119,433**|**Other non-**
**cash**
**changes**
**£**
**-**
**(10,108)**
**10,108**
**-**|**At 30 June**
**2025**
**£**
**151,770**
**(10,000)**
**(7,461)**
**134,309**|
|---|---|---|---|---|
## **17. Pension commitments**
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £24,685 (2024: £24,669). Contributions totaling £nil (2024: £nil) were payable to the fund at the balance sheet date.
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Docusign Envelope ID: EF7F1D57-48C0-468E-BE85-D4A13C891F85
## **South Durham Gymnastics**
## **Notes to the financial statements Year ended 30 June 2025**
## **18. Operating lease commitments**
At 30 June 2025 the charity had commitments to make future minimum lease payments under noncancellable operating leases as follows:
|Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years|**2025**
**£**
**20,805**
**67,256**
**56,959**
**145,020**|2024
£
15,000
60,000
71,959|
|---|---|---|
||||
|||146,959|
## **19. Related party transactions**
Paul Anderson is a trustee and a director of Anderson & Co. During the year accountancy fees of £3,000 were paid to him by the charity (2024: £6,240) and professional fees, in respect of services provided in relation to the legal expenses insurance claim, of £10,000 (2024: £nil).
During the 2023 financial year, the charity received a loan of £36,960 from staff members of the charity. The loans were repaid in full as at 30 June 2025 (2024: £10,960 included in other creditors).
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