2024-03-31-accounts - British Gymnastics Foundation

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Report and financial statements for the year ended 31 March 2024

Registered in England – Company Number 09060595 Charity Number 1157747

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Chair’s report

On behalf of the Board of Trustees, I am delighted to present this, our 9th report, reflecting the year to 31st March 2024.

Since March 2023 the British Gymnastics Foundation has continued to develop the delivery of our key projects as we strive to provide opportunities through gymnastics, to bring real improvements to the lives of people and communities most in need. We are delighted that this year has also seen the start of our 10-year anniversary campaign, and it is a credit to all the work that has gone before to see the Foundation move towards this milestone, one which we are excited to celebrate.

Love to Move continues to fly, with the programme now having over 900 trained deliverers across the country, and we were pleased that it was named as the Legacy Programme of the 2023 FIG World Trampoline Championships held in November 2023 at the Utilita Arena, Birmingham. I wish to start by highlighting the work done by Kim Hall, our inspiration Lead deliverer, who has decided to take well-earned retirement having been with us since

We wish Kim well, and thank her for all her inspiration and dedication to making Love to Move the success it is today - words are unlikely to do her impact on the programme justice. Her passion has been unwavering and along with the superb Louise Roberts, who expertly leads the programmes, it continues to flourish. It comes as no surprise to us, therefore, when we see examples such as the Barnsley Primary Care Network demonstrating how the NHS services are able to benefit from Love to Move. I am pleased that you can read some of the amazing stories in this report.

I am thrilled to report that the Limitless project, kindly supported by the Hiscox Foundation once again, ran their second cohort in July 2023. I noted in last year’s report how much time and energy the Executive team put in to the Limitless project as they saw the huge potential it had to bring real improvements to the lives of people and communities most in need, and I am delighted to tell you that there has been a high percentage of participants moving in to paid employment off the back of the support received. I would also like to highlight the work done by our Programme Officer, Jo Cato in recruiting the last two cohort sets and allowing the programme to succeed as much as it has.

It has been a tough year for the Hardship Grants programme, and although we were not able to run any grant rounds in this financial year, work has been done to ensure support is available in other ways to try and keep gymnasts in the sport. Our thanks go to Milano Pro-Sport for providing leotards for gymnasts facing significant financial hardship, and thank you to all of the athletes who have supported our Inspirational Experiences programme. Elevated in our strategic priorities last year, these experiences provide real value and inspiration to young gymnasts and I am pleased the Executive team have found ways to support so many beneficiaries, even if not financially, during 2023/24.

Aside from the amazing work done by the programmes, which will also see ‘I’m In’ launched in 2024, the Foundation has been extremely busy on the governance side. There is a plan to achieve tier 3 of the Code for Sports Governance in the next financial year, and this will give us the opportunity to apply for more substantial grants in future – with funding being a key focus area in such a challenging environment at the moment. With that in mind, we have also recruited a new Independent Trustee, Dan Booth, who brings a wealth of experience in the finance world and will support the Board and Executive in that area. You can read more on his appointment later in the report.

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As I wrap up and allow you to enjoy the Annual Report in full, I would like to say how extremely grateful we are to all our partners who support the British Gymnastics Foundation, through both funding and direct activity in delivering projects. This of course extends all the way to British Gymnastics and their CEO, Sarah Powell, who’s support is invaluable to us. Without our partners and funders, our impact in helping those groups who can benefit from gymnastics would be severely reduced. I would also like to thank all those who have participated in a wide range of fundraising activities and volunteered for the Foundation in the last 12 months, everything helps and is truly appreciated!

Finally, I must recognise and thank our executive team, led by Patrick Bonner, who continue to show amazing commitment, passion, creativity, and energy in their running of the Foundation and its core projects. As a Board, we are privileged to have such a dedicated and talented team who show an unwavering commitment to ensuring we provide opportunities through gymnastics, to bring real improvements to the lives of people and communities most in need.

Alex Laybourne Chair of British Gymnastics Foundation

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Report of the trustees for the year ended 31 March 2024

The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of British Gymnastics Foundation (the company) for the year ended 31 March 2024. The Trustees confirm that the Annual Report and Financial Statements of the company comply with the current statutory requirements, the requirements of the 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 January 2019).

Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2006 (Strategic Report and Director’s Report) Regulations 2013 is not required.

Charitable objectives

The Charity’s objectives, as set out in the Articles of Association and approved by the Charity Commission are:

To promote community participation in healthy recreation by providing facilities for participating in gymnastics and other sports (“facilities” means land, buildings, equipment and organising sporting events);
To provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, poverty or social or economic circumstance or for disabled people and the public at large in the interests of social welfare and with the object of improving their conditions of life;
To advance the education of children and young people; and
To advance any other purpose that is charitable in accordance with the laws of England and Wales in association with sport.

Core purpose and values

The Trustees have agreed that the core purpose of the Charity is: “… to create opportunities through gymnastics to bring real improvements to the lives of people and communities most in need” , and the values of the Charity are: Caring, Inclusive, Ambitious, Collaborative and Trustworthy.

Public benefit

In shaping the activities of British Gymnastics Foundation, the Trustees have considered the Charity Commission’s guidance on public benefit, including the guidance “public benefit: running a charity (PB2)”. The Trustees believe that the accessibility and scope of its programmes (both current and planned) demonstrates without any doubt the public benefit that the Charity’s work brings to the communities it works in.

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Activities, Achievements and Operations

Charitable Programmes

LOVE TO MOVE

Our Love to Move programme goes from strength to strength enhancing the well-being and quality of life for older adults across

the UK and beyond, including those with dementia, Parkinson's disease, and other cognitive impairments. By the end of the year, the number of trained deliverers had reached over 900, creating sessions in more communities and making it more accessible for those who need it. By focusing on bilaterally asymmetrical movement patterns, the programme is helping participants regain lost functions and improve their ability to perform daily activities independently. Sessions also foster a supportive community, encouraging social engagement and participation from friends and family.

We aim to support Love to Move deliverers on an on-going basis throughout the year by offering continued mentoring opportunities and workshops. This year, topics included, ‘Dealing with Bereavement’, ‘How to deal with Distress and Dementia’, ‘Risk Assessments’, ‘Rare Dementia Awareness’ and ‘Mental Health First Aid’. We also offered a series of networking sessions online, where deliverers can meet and share ideas and solutions with each other. We believe that supporting our deliverers in this way helps them to deliver really high- quality sessions to their participants and realise more benefits from the programme.

Love to Move is improving the quality of life for those living with Dementia at Coombe House

Coombe House in Liskeard, Cornwall is a family-run residential home, that specialises in caring for people with Dementia, where residents are warmly welcomed as part of the family.

Ann told us: “It’s our speciality, it’s what we do best. We believe that people with dementia deserve the best quality of life.”

One of the residential home’s proudest achievements to date is introducing Love to Move. They have found that the programme goes beyond ‘just exercise’. Love to Move is all about feeling empowered, connected, and like you're part of a big community hug. The sessions use music from eras that benefit and connect with individuals at the home. As a result, they are more likely to join in when it’s music they remember from the past.

Penny, who runs the sessions told us: “We run the Love to Move sessions every Wednesday and it’s really given us all the opportunity to get together. I think it’s lifted the spirits of people within the home, and the staff as well. It’s not work-based, it’s just all about having fun and being relaxed together.”

Ann, the Founder of Coombe House added: “Since Penny began the sessions, we’ve noticed a real improvement in their wellbeing. Their mobility and safety have increased, and people are walking around much better.”

Thanks to Love to Move, people at Coombe House have been given a new lease of life with each session. It's not just about trying to improve residents’ quality of life; it's about creating a safe space where everyone feels appreciated and supported. Penny commented: “One lady, Joyce, never really wanted to come out of her room previously. She’d keep herself to herself, she was very quiet and didn’t want to socialise. Slowly over time, being encouraged to come to sessions, she’s found that she enjoys Love to Move – she’s found comfort in it.”

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We were able to chat personally with Joyce’s daughter Rowena who told us: “It’s always been a concern to carers at Coombe House that my mother spends lots of time on her own. Having activities like Love to Move, with the music she enjoys, is a reason for her to come and join in with the others. I believe it’s added to her quality of life hugely.”

Summarising their journey with Love to Move so far, Ann added: “Everyone here has got something from it. There are many different types of dementia, but it is possible to bring everyone together in one room and deliver something that everyone benefits from.”

Coombe House Residential Home is a shining example of how Love to Move can be used to show compassion and create connections, which can make a world of difference in caregiving.

Together Funding & Love to Move Projects

We received funding during the year from the Sport England Together Fund. This enabled us to distribute small amounts to very local organisations as a ‘Start Up’ grant for new Love to Move projects in their communities. 32 projects were funded in all.

Why was this project needed? We have trained many deliverers across the country; however, feedback was suggesting that without start-up funding to kick-start community groups, deliverers were finding it really difficult to build up enough of a participant base to sustain weekly sessions, particularly where hall hire costs were involved. The onward distribution of small grants to local community organisations seemed the perfect solution.

Research and impact evaluations from the SROI study in 2020, 2023 and the evaluation by the Applied Dementia Research Unit at the University of Bradford, gave us some insight into support required by our target participants as well as evidencing the positive impact the programme has on people with long term health conditions. Many older people were struggling to leave their house after COVID-19. Their health and mobility had declined, and their confidence to engage with others. For those who had ventured out, we saw how quickly, attending the Love to Move programme, turned these things around; raising selfesteem and confidence to take part physically and to mix socially again.

“Thrilled to bits, I absolutely love the music & feel alive after losing my friends, lots of bereavement & isolation”

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It quickly became apparent that there was a barrier for many deliverers in linking up with a local community organisation if they weren’t already working with one in order to access the Together Fund. Although this appeared to be a barrier at first, this eventually became the key to the success and most importantly, the sustainability of the projects. Reaching out to specific individuals and supporting them to broker new relationships with local organisations, helped to generate valuable partnerships and new applications.

87% of organisations said the funding had helped develop new relationships with other organisations. A total of 23 new local partnerships were formed as a result of this funding.

Participant outcomes:

415 participants with long-term health conditions took part in the first 6 months at the new sessions established as a result of the Together Funding. 119 participants returned questionnaires which is an extremely high return rate for this audience.

63% rated their overall experience of the sessions as 10 out of 10

‘Her husband has informed us that this is the only activity she will happily leave the house for’

‘Love to Move provides L with a safe place to socialise and exercise. Her confidence has greatly increased over time, and she leaves in a happy calmer state’

The Together Fund projects officially ended at the end of October 2023. The majority of sessions were still thriving 12 months on. Some of the results of the impact evaluation are highlighted below:
415 new participants have joined the new sessions to date, set up as part of this project
77% said it helped them manage their mental health
93% said it help them manage their physical health
97% said it helped them build new friendships
82% said they felt more connected to their local community

“The exercises have helped my coordination, improved my mobility & positive mental attitude. Everything has been here for me to help me move better!”

“Helps me when I'm down”

“100% this particular one, with these particular people, it’s pulled me in the right direction”

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The chart below shows the number of organisations and what they spent their grants on

Birmingham TRA Champs Legacy:

As part of the FIG World Trampolining Championships in 2023, we worked with the Legacy team to put on a face- to -face Love to Move course to train deliverers in Birmingham from a range of communities and backgrounds. 11 Learners attended the course funded by the Legacy programme and since then a further 7 people have completed the course on our Online Platform. A short film was created and shown in the big screens at the Championships to raise Awareness of Love to Move and the forthcoming work in Birmingham.

Watch here: FIG World Trampoline Championships 2023 & Love to Move

Members of the British Gymnastics Foundation Team visited Soho shortly after the course to support some of the learners working with new participants from ethnically diverse communities.

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CARERS

This week is Carers Week, here’s what Dawn said:

‘I love the Love to Move sessions, how warm & welcoming everyone is. It’s lovely for us carers to talk about situations & very helpful as sometimes people have experienced this & give you tips & a new direction. You even get a friendly hug & cake is an added bonus. I look forward to the meetings every week.’

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Barnsley PCN project:

Barnsley Primary Care Network reaping the benefits of Love to Move across Barnsley

Barnsley Primary care network started with 1 health and wellbeing coach, delivering Love to Move in the local care homes. Over the next 2 years they built up to 12 Love to Move deliverers working across the whole of Barnsley delivering in 29 care homes and 2 community venues, and still growing.

Care Home staff at St James Court said: ‘ Residents who attend have a general improved sense of well-being both physically and mentally having a sense of achievement completing the session amongst peers.’ Asked about the impact on the residents who attend, they said ‘Improved stamina strength and co-ordination, in some cases leading to residents returning home . Falls incidents lessened and improved independence in daily tasks .’

One deliverer said : ‘ I feel the Love to Move sessions have had many benefits to the residents who have taken part in the sessions, such as, improved cognitive function, enhanced social interaction (e.g. staff inform us the residents often sit and speak to one another once we have left.) and increased memory stimulation (e.g., learning the exercise routines in time with their favourite music and remembering parts each week).

Gemma, Manager at Park House Care Home , said: “I feel happy watching the residents smile and laugh. It is such a positive thing, it has given the residents more social interaction – you can see they are so happy, they talk about it all day, asking when you’ll be back! One of the residents has requested to do more chair exercises in a recent residents meeting, it has so many benefits.”

Rachael, activities coordinator at Deangate Care Home , said: “The sessions are incredible. The interaction and enjoyment were brilliant for the residents. I would highly recommend it to anyone living with or without dementia. It’s enjoyable for everyone.”

For one resident, 88-year-old Francis, improvements in mobility were seen after just two sessions. She said: “My left arm has been stiff but since starting these exercises I feel it’s a lot better. I feel energised.”

Maurice, 93, said: “It’s good to smile and have fun.”

Elsa, 72, said: “It makes me feel alive and happy. I love it because it lifts me. I have made new friends because more people come into the lounge to join in who usually wouldn’t sit in the lounge. I can also sleep better after I have done the exercises.”

Doris, 100, said: “It is a good thing to get together again in the lounge. I can sleep better too and enjoy singing and dancing together.”

Peter 'you visiting every Tuesday and doing Love to Move is the highlight of my week, thank you'

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Love to Move at 100 year's old

Anne, from Bethany Care Home in Chepstow, recently celebrated turning 100 years old and is thriving as she takes part in not one, but two Love To Move sessions each week.

Anne turned 100 years old in September and has been taking part in Love to Move since it was introduced into her care home in August 2022.

Anne said: “I really enjoy the sessions. They wake everyone up and keep us moving. I look forward to them each week.”

Heath Dent, the Love To Move Deliverer at Bethany Care Home added: “Anne is a really lovely participant and I look forward to seeing her for our sessions. Her favourite song by far is Hokey Cokey, which she always joins in with. She is also a pro at our balloon game!”

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HARDSHIP GRANTS

This year has been an incredibly difficult year for our Hardship Grants Programme. With a large reduction in our core grant funding, we had to make the very difficult decision not to run a Hardship grants Programme this year.

To date, since 2014, we are extremely proud to have supported 1,182 individuals in the Hardship Grants Programme, spending a total of £395,725. We very much hope to help more people in the next financial year.

In lieu of providing Hardship Grants this year, we wanted to help out BG members experiencing significant hardship in other ways, so for the second year running, Milano Pro Sport kindly worked with us and donated leotards, and other gymnastics kit, so that we could provide members in need with items that they could use for their training. By the end of this year, this enabled us to send gymnastics kit out to over 100 hardship grant recipients, further easing the cost of participating in gymnastics. We are incredibly thankful to Milano Pro Sport for supporting our members when they need it most.

Ava-Rose is one of our Hardship Grant recipients and with thanks to Milano Pro Sport , we were also able to send her some new gymnastics kit this year! As you can see from the photos, Ava-Rose was very pleased with them.

Our Hardship Grant programme supports gymnasts in significant hardship to continue in the sport they love.

Ava-Rose's Mum said "Thank you for the grant and clothing which has enabled Ava-Rose to continue at her gymnastics club which she adores and looks forward to each week.”

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This year we have also made a connection between our Hardship Grants programme and our Limitless programme, and for the first time we have selected and enrolled some previous recipients of a Hardship Grant, on to our Limitless programme with the aim of supporting them with their onward journeys in gymnastics; training and supporting them to become coaches and further supporting them in to their first paid employment opportunities as a sports coach.

Success on The Big Stage for our Hardship Grant Recipients

This year we were very pleased to see former hardship grant recipient, Naana Oppon making her senior debut at the World Cup in Coimbra, where she won silver, which she called a "very gratifying and a self-affirming experience". Naana also won the British championships at the age of 16 and was selected to compete at the 2023 World Championships, where she helped the British women's tumbling team win their second title in a row along with her teammates Saskia Servini, Megan Kealy, and Shanice Davidson.

Congratulations Naana!

Photo: Naana Oppon

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LEADERSHIP PROGRAMME - LIMITLESS

Supported by

The Limitless programme focuses in areas of social deprivation in the UK and aims to develop and empower people from these communities to raise confidence, improve wellbeing and employability through gymnastics. The programme of modules, courses, and mentoring supports the learners to gain qualifications as well as developing wider life skills and confidence. It is hoped that additional benefits will be realised such as benefits to the communities, increased skilled workforce and ultimately the possibility of establishing a Gymnastics Club to benefit the children of the community.

The 2023 Limitless programme kicked off with a residential course at Lilleshall where 10 learners from different parts of the UK came together to meet their mentors. During the week, they completed the Gymnastics Activity instructor course tutored by Aisha Walters and took part in fun evening activities. The majority of the cohort live in IMD wards 1-3, from varied ethnic communities and several have disabilities such as autism, ADHD, and Multiple Sclerosis.

Mentors were given mentor training by British Gymnastics prior to meeting their mentees. The launch event included inspirational talks and a chance to spend time with and get to know the mentor/ mentee partnerships.

9 out of 10 learners completed the Activity Instructor Course during the week at Lilleshall and the final learner completed the last day of the course a few weeks later. All 10 therefore gained their first Gymnastics coaching qualification. Since the course the cohort went back to clubs in their communities and some have gone on to take their Disability Coaching Module, some have moved onto a level 2 course in their chosen discipline.

The learners were from 18 to 49 years old from a diverse range of ethnic backgrounds with 50% declaring a disability or impairment on application.

12 months after the programme began 75% of the mentees were still in touch with their mentors, 7 of the 10 were coaching regularly, 5 of whom were in paid employment as a coach!

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Feedback from the cohort was heartwarming. Some of the comments and a short video can be found below:

‘The staff involved catered to our needs.

Additionally, when I made the team aware of my personal situation, I was provided with so much incredible support that has remained continuous even until now’

“You’ve made me believe it is Limitless to what I can achieve”

“It’s been not just the course but important and crucial for me in my life”

“Everybody has been catered for, regardless of what they needed individually or what we needed as a group”

“It’s been welcoming, equal, fair, fun”

Please watch this short film which followed the learners residential journey: Limitless cohort 2023

Alliyah’s Story

Alliyah's story is one of resilience, growth, and unwavering determination. As a young athlete, Alliyah poured her heart and soul into the game of football, from as young as she can remember. With dreams of reaching the pinnacle of success, she dedicated countless hours to honing her skills and mastering the art of the sport.

While pursuing her football career, Alliyah encountered a series of setbacks that left her questioning her future in the sport. Faced with adversity, she found herself at a crossroads, unsure of which path to take. It was during this pivotal moment that Alliyah discovered a new passion for coaching, and this introduced her to the world of gymnastics.

Reflecting on this transformative moment, Alliyah shared, “I really wanted to embark on a new adventure, to open a fresh chapter in my life and step outside of my comfort zone. That’s why I applied for the Limitless Programme.” Alliyah joined the 2023 Limitless Cohort at Lilleshall.

Through the Limitless Programme, Alliyah found herself in a supportive and encouraging environment, where she thrived as both a learner and a coach. “The learning I received from the programme was unbelievable. The coaches were brilliant; they welcomed me into the world of gymnastics with open arms,” she recalled.

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Her mum, Steff, noted the positive impact the programme had on her daughter’s growth: “It’s helped her gain a better understanding of working with children of varying abilities, needs, and backgrounds. She’s become more approachable, and it’s given her a huge boost in confidence.”

Speaking about her life after the programme, Alliyah said, “I love my job. It’s incredible. I get to work with a wide range of people—children, adults, members with disabilities, pre-schoolers—it’s so rewarding to help each of them, whether it’s helping them reach their full potential or just making sure they have the most fun.”

The experience also shaped Alliyah on a personal level: “I’ve always wanted to help others, but after completing the Limitless course, I matured in ways I didn’t expect. Being able to make a difference in someone’s life and put a smile on their face is huge for me. It’s something I want to keep doing, not just in gymnastics but in everything I do.”

Reflecting on the profound impact the programme had on her, she added, “If I hadn’t joined the Limitless Programme, I don’t think I’d be sitting here with the same confidence in coaching and teaching. It was life-changing, and I hope my story inspires others to take that leap.”

Alliyah’s advice to anyone facing challenges is simple yet powerful: “When life gets tough, pick yourself up and go for it. Step out of your comfort zone because it’s truly worth it. This journey has made me a different person— stronger, more confident, and ready for whatever comes next.”

With thanks to Hiscox Foundation UK for their generous support of the Limitless Programme

During October 2023 the FIG World Trampolining Championships came to Birmingham and as part of the legacy fund for the event, a contribution was secured to go towards running a West Midlands based Limitless cohort which is planned for July 2024.

I’m IN – (SPECIAL SCHOOLS & COMMUNITY PROGRAMME)

The ‘I’m IN’ programme is set to start in 2024. The first stage of the project will be to try and test resources and training with the pupils and teachers of one Special School and creating and testing the links to a local Gymnastics Club. Following this, the programme will expand to more schools and clubs with evaluation on-going. The key to the programme will be the co-creation with young disabled people, their parents, teachers and coaches.

The aim of the programme is to increase the accessibility of gymnastics to young people disabled people and to support the integration of these young people from school into their communities. It is hoped that the programme will also lead to opportunities through the Limitless programme into coaching and Leadership for disabled people.

We are pleased to announce that the first funding bid secured for this programme has been successful from the Peter Harrison Foundation.

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INSPIRATIONAL EXPERIENCES

Our Inspirational Experiences programme gives children experiencing hardship, family crisis, or life changing situations a motivational experience to help them through hard times.

For most of the beneficiaries, their circumstances are such that we cannot disclose details about them or their situation, however the experiences offered this year have included funding children who are fleeing domestic violence to access local gymnastics clubs, and some visits and calls from elite gymnasts so young people have been able to meet their idols. Below are just a couple of these stories.

Chloe’s Inspirational Experience with Alice Kinsella

One of the things we are passionate about at the British Gymnastics Foundation is providing experiences for people that may otherwise not have the opportunity. Chloe is 18 and has Autism, this can cause anxiety and can present OCD like symptoms, she has also been diagnosed with further medical conditions which can impact on her daily life.

Chloe attended our Limitless programme in 2023, a residential course held at Lilleshall National Sports centre, to become a Gymnastics Activity Instructor. Chloe had never stayed away from home before; she had been excluded from school trips due to her diagnosis, so this was a very big undertaking for her.

We discovered that Chloe’s one true passion is Gymnastics & her favourite gymnast is Alice Kinsella. We really wanted to do something for Chloe to make her experience extra special, so arranged for her to watch some of Alices’ Training session at Lilleshall. After training Alice kindly agreed to come and meet Chloe and talk about her experience as a gymnast. Chloe was thrilled to meet her idol and couldn’t believe that Alice had made time to come and meet her.

Chloe struggles with her mental health and this gave her a real boost. Chloe’s mum said, “Chloe has been keeping me updated throughout out the experience and she’s loved every moment”. A few words from Chloe. “The program was a huge success, I really enjoyed every part, especially when out of the blue, I met Alice Kinsella, yeah, she was there! I could not believe it. Alice has always been the gymnast I look up to and seeing her in the gym training, helped me find my passion; and now I’m back training and coaching. Alice is a lovely person and an amazing gymnast; easy to talk to. We had fun and photos, she's such an inspiration. Thankyou Alice, BGF and the Limitless program for [your] help and support. I had the best time”.

This has given Chloe a real boost and a zest for coaching and gymnastics. We are so pleased that we were able to provide this for her.

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Scarlett and Linzi’s story

Since the tragic loss their young son, Scarlett’s brother, Linzi has been in the process of grieving. The awful situation resulted in the breakdown of Linzi’s marriage and the family home, resulting in a significant change to the family dynamics and finances. Scarlett had been part of a Gymnastics Club and had progressed to their squad. We were able to support her during this tough time with a Hardship Grant to keep her in the sport and part of the club who were so supportive to Scarlett and in her mum’s words, her ‘safe space’.

We knew one of Scarlett’s dreams was to go to the British Gymnastics Championships so for this inspirational Experience we secured ‘Best Seats In the House’ tickets for Scarlett and her friend and their mums’ to watch. The weekend went really well, the girls got to meet several of their Gymnastics Idols and get autographs and Linzi wrote to us afterwards to say:

“Thank you so much for yesterday, the girls had the best time and it’s so lovely to hear them talking about their best day ever!”

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Fundraising

Fundraising has been incredibly challenging this year. In total, our fundraising activities raised £30,289 This year saw competition for charity grant funding at an all time high, so we have made many more applications than in any previous year, and we have put new plans in place to further diversify our income generation for future years. We have also spent more time this year on communicating with our 80,000 supporters who signed up to hear more from us.

In March 2024, we were very pleased to work with Sporting Chance Prize Draw, to ensure that British Gymnastics Foundation was one of 25 charities benefitting from this prize draw with fantastic prizes on offer, which aims to support sporting charities and gives 100% of the money raised directly to charity. Kristian Thomas kindly donated his time for our prize offering of a gymnastics masterclass, to encourage gymnastics fans to enter the draw, which saw our charity raise just under £1,000. We hope to raise more funds by linking with Sporting Chance Prize Draw again next year.

The start of 2024 marked the 10[th] anniversary of our Charity, so in March 2024 at the Men’s and Women’s Artistic British Championships, in honour of our 10th anniversary, we asked 10,000 members of the gymnastics community to take part in Love to Move across one week, and what a success it was.

From 15th-22nd March, we saw community centres, care homes, schools, clubs and even had 5,670 people at our British Championships audience in Liverpool following along with our ‘Sticks and Triangles’ exercise. Watching everyone get involved and sharing their videos has been so heartwarming! It raised a huge amount of awareness of the benefits of Love to Move and helped us raise some funds to further support the programme. Watch the video here.

Here is our 10-year anniversary logo which was specially created to mark our celebratory year to come:

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Governance

Our New Trustee

We were very pleased to welcome Daniel Booth as our new Independent Trustee in September 2023.

Daniel is a Partner at Cortus Advisory with 14 years of financial experience. He commenced his career as an auditor and for the last 10 years has provided financial due diligence services to over 50 businesses during acquisition and disposal processes. Daniel has previous Board experience through the KPMG Manchester office Shadow Board and also supports junior team members as part of the Next Generation Mentoring scheme.

Dan was a keen cricketer in his junior days, representing England U19s in the 2007 Indoor Cricket World Cup, with his spare time now focussed on keeping pace with his young family.

Dan told us “I am delighted to be joining the British Gymnastics Foundation Board. I am extremely excited to be able to support great community causes such as the Love to Move and Limitless programs that have already proven to be a resounding success. I hope to utilise my financial experience to support the Foundation on its financial sustainability agenda in order to

grow these programs and develop new initiatives. I also look forward to using my technical audit knowledge to support governance projects such as the Foundation’s new Audit Committee as the Foundation secures its Code for Sports Governance Tier 3 status.”

British Gymnastics Foundation continued to maintain all relevant governance requirements sufficiently to comply with tier 2C of the Code for Sports Governance. This means that although our Foundation is deemed to be a ‘Small Charity’ by the Charity Commission, our governance is such, that it satisfies the requirements of ‘Large Charities.’ In a period where there is low confidence in the charity sector, our extra rigour in governance compliance will stand us in good stead, particularly when receiving future government funding. Being extremely passionate about our good governance, our Board is also working through its plan to achieve tier 3 of the Code for Sports Governance. This year, we made significant progress towards achieving Tier 3 status and we expect to reach this governance standard in the next financial year.

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Operations

This year, BGF has entered its second year delivering enhanced communications to its 80,000 supporters who have signed up to hear from us. We have had some very positive feedback from fans and supporters this year as we connect as many people as possible with the good work of our charity.

In January 2024, our new Love to Move deliverer Sue Taylor joined our Love to Move Team. Before joining our team, Sue has been a stand deliverer of the Love to Move programme in her own area, so we were very pleased to welcome Sue to our Team; helping us to continue the great service that our Love to Move programme delivers throughout the UK.

British Gymnastics has changed its financial accounts system this year, and as our charity is fortunate to benefit from many of the core services and systems of British Gymnastics, we also changed system. Our Charity has also been working closely with British Gymnastics on a couple of other system changes to do with membership and services, and we are excited to say that next year, we hope to be in a position to collect voluntary donations at the point of sale on British Gymnastics membership and other products, further diversifying our charitable income.

Kim Hall Retires

Our amazing and visionary Kim Hall retired in February 2024. Kim has been our Lead Love to Move deliverer since 2015 and has been an incredible inspiration to us all. Kim, a former physiotherapist, joined our charity in 2015 with decades of experience in gymnastics. She has had a deep passion for gymnastics all her life as a gymnast, then coach, and was even Disability Gymnastics National Coach for British Gymnastics, but it was Kim’s passion for helping people who are living with dementia that connected her to our Charity. In 2015, Patrick Bonner, the Managing Director of our charity connected with dementia friendly exercise professors in Japan to bring a revolutionary cognitive enhancement programme to the UK. We later called the programme Love to Move. In its early days Kim worked with Patrick to develop the programme, whilst our research partners at Age UK evaluated the programme’s impact.

Over the year’s Kim continued to develop and bring new innovation to the Love to Move programme, making it what it is today – the best in class seated exercise programme for people living with dementia, Parkinson’s and other forms of cognitive impairment. Kim has always listened carefully to the feedback and advice from participants, carers and families, and she has been a shining example and inspiration to us all in the care she has taken to develop this programme. We will be sad to see her move on from our charity, but wish her all the very best in the next chapter in her life.

Left to right – Gill Green, Hazel Green and Kim Hall. Photo credit: Archant

Picture of Kim with Hazel, one of her very first Love to Move participants. It was an absolute joy to see the positivity that the Love to Move programme brought to Hazel’s life

As Love to Move grows to over 900 deliverers across the UK, we will be forever grateful to Kim for her incredible work to make Love to Move what it is today. Kim leaves a tremendous legacy which will go on to transform the lives of thousands more people in the future.

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Risk management

The Trustees understand that identifying and managing risks, both positive and negative, aids good decision making and ensures that the strategic priorities are delivered. The Charity’s policy on Risk Management sets out the Trustees’ commitment to addressing risk management, both as part of the overall planning and implementation of British Gymnastics Foundation’s strategy, and also to support its system of internal controls, as detailed in its policies, including its Financial Regulations.

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. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

During the year to 31 March 2024:

• The Charity received total income of £293,339 consisting of restricted income of £130,721 (including a grant of £75,000 from Gymnastics Enterprises Ltd), and other unrestricted income of £162,618

• The Charity spent £377,855 (2023: £444,502) consisting of fundraising costs of £32,777 (2023:£37,277) and expenditure on charitable activities of £345,078 (2023: £407,225).

At the end of March 2024:

The Charity had total charity funds of £30,406 (2023: £114,922)

b. Reserves policy

British Gymnastics Foundation has a Reserves Policy. The Reserves Policy specifies that there is a need for British Gymnastics Foundation to have reserves of unrestricted funds. These reserves are needed to:

Ensure that all the Charity’s liabilities can be met in the event that the Charity ceases to operate;
Finance growth and development;
Absorb any short-term setbacks.

The Trustees have determined that the Charity should aim to hold reserves of unrestricted funds of £125,000. As at 31st March 2024, the Charity’s unrestricted reserves total £30,406, (2023: £114,888) which represents the free reserves. The approved budget for the year ending 31st March 2025 records unrestricted reserves of £33,906, which is £91,094 below the target of £125,000.

Gymnastics Enterprises Ltd has indicated its intention to pay a £150,000 donation to British Gymnastics Foundation to cover the 12 months to 31 March 2025. The Trustees are of the view that this donation secures the immediate future of the charity for the next 12 months and that on this basis the assessment of the trustees is that the charity is a going concern.

Page | 23

Structure, Governance and Management

a. Constitution

British Gymnastics Foundation is registered as a charitable company limited by guarantee and was set up by a Trust deed.

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 Trust deed.

c. Structure and governing document

British Gymnastics Foundation was incorporated on 28th May 2014, a company limited by guarantee and having no share capital. It was registered by the Charity Commission as a charity on 7th July 2014.

The Charity is governed by its Memorandum and Articles of Association, as amended most recently on 13th November 2023.

d. Appointment of Trustees

As set out in the Articles of Association, the Trustees are appointed by the sole member of the Charity. In certain circumstances, the Trustees may co-opt further Trustees. Trustees serve for a term of up to three years and retire at the relevant annual retirement meeting, unless reappointed for a second term of up to three years. Trustees may in exceptional circumstances be reappointed for a third term of up to three years.

Reference and administrative details of the Company, its trustees and advisers

Trustees	Alexander Laybourne,Chair
	Esther Ashman
	Daniel Booth(appointed 28 September 2023)
	Jessica Cook
	Louise Fawcet
	David Marshall
	Chisara Nwabara
	Laura Salt
	GaryTolomet

Company registered number 09060595

Charity registered number 1157747

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Registered office Lilleshall National Sports Centre Lilleshall Newport Shropshire TF10 9AT Accountants WR Partners Chartered Accountants Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Approved by order of the members of the board of Trustees and signed on their behalf by:

................................................ Alex Laybourne (Chair of Trustees)

Date: 28[th] January 2025

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STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024

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 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 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 its behalf by:

................................................

Alex Laybourne (Chair of Trustees)

Date: 28[th] January 2025

Page | 26

Independent Examiner's Report to the Trustees of British Gymnastics Foundation ('the Company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 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.

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 (enter body here), 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.

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.

Signed:

Dated: 30 January 2025

S J Tweedie BSc FCA DChA

WR Partners Chartered Accountants Belmont House Shrewsbury Business Park Shrewsbury SY2 6LG

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BRITISH GYMNASTICS FOUNDATION

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

Restricted funds 2024 £ 27,000 103,721 - -	Unrestricted funds 2024 £ 3,289 155,615 773 2,941	Total funds 2024 £ 30,289 259,336 773 2,941
130,721	162,618	293,339
- 222,693	32,777 122,385	32,777 345,078
222,693	155,162	377,855
(91,972) 91,938	7,456 (91,938)	(84,516) -
(34)	(84,482)	(84,516)
34 (34)	114,888 (84,482)	114,922 (84,516)
-	30,406	30,406

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 31 to 51 form part of these financial statements.

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BRITISH GYMNASTICS FOUNDATION

(A company limited by guarantee) REGISTERED NUMBER: 09060595

BALANCE SHEET AS AT 31 MARCH 2024

Note Fixed assets Tangible assets 14 Current assets Stocks 15 Debtors 16 Cash at bank and in hand Creditors: amounts falling due within one year 17 Net current assets Total assets less current liabilities Total net assets	2024 £ - - 1,386 13,738 118,783 133,907 (103,501) 30,406 30,406 30,406	2023 £ 4,935 4,935 1,052 27,010 236,064 264,126 (154,139) 109,987 114,922 114,922

Page | 29

BRITISH GYMNASTICS FOUNDATION

(A company limited by guarantee) REGISTERED NUMBER: 09060595

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2024

		2024	2023
	Note	£	£
Charity funds
Restricted funds	19	-	34
Unrestricted funds	19	30,406	114,888
Total funds		30,406	114,922

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:

................................................ Alexander Laybourne (Chair of Trustees)

Date: 28th January 2025

The notes on pages 31 to 51 form part of these financial statements.

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BRITISH GYMNASTICS FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. General information

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.

British Gymnastics Foundation 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

Gymnastics Enterprises Ltd has paid £150,000 to british Gymnastics Foundation post year end to cover the 12 months to 31st March 2025. The trustees are of the view that this donation secures the immediate future of the Charity for the next 12 months and that on this basis the assessment of the trustees is that the Charity is a going concern.

2.3 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 investment income is recognised at the time the investment income is receivable.

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 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.

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(A company limited by guarantee)

BRITISH GYMNASTICS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.4 Expenditure (continued)

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.5 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 institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL 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:

Computer equipment - 25%

2.7 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.8 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.

2.9 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.

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BRITISH GYMNASTICS FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.10 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.

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.

2.11 Financial instruments

The Charity 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.

2.12 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 Charity 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 Charity 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.

Investment income, gains and losses are allocated to the appropriate fund.

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(A company limited by guarantee)

BRITISH GYMNASTICS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

3. Income from donations and legacies

Donations BGF Fundraising BGF Leadership/ Limitless Subtotal detailed disclosure Donations Total 2023 as restated Total 2023 as restated	Restricted funds 2024 £ 5,000 22,000	Unrestricted funds 2024 £ 3,289 -	Total funds 2024 £ 8,289 22,000
	27,000	3,289	30,289
	-	-	-
	27,000	3,289	30,289
Total 2023 as restated

	27,304	9,520	36,824

Following the introduction of new financial software the prior year income from donations has been restated.

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(A company limited by guarantee)

BRITISH GYMNASTICS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

4. Income from charitable activities

BGF Love to Move BGF Leadership / Limitless BGF Fundraising BGF Operational Support Together Fund Total 2023 Total 2023	Restricted funds 2024 £ 96,721 7,000 - - -	Unrestricted funds 2024 £ 55,615 - 75,000 25,000 -	Total funds 2024 £ 152,336 7,000 75,000 25,000 -
		155,615	259,336
Total 2023	103,721


	293,279	41,050	334,329

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BRITISH GYMNASTICS FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

5. Income from other trading activities

Income from fundraising events

BGF Fundraising BGF Love 2 Move Total 2023 Total 2023	Unrestricted funds 2024 £ 500 273	Total funds 2024 £ 500 273	Total funds 2023 £ 500 -
	773	773	500
Total 2023
	500	500

6. Investment income

Bank interest Total 2023 Total 2023	Unrestricted funds 2024 £ 2,941	Total funds 2024 £ 2,941	Total funds 2023 £ 1,046

	1,046	1,046

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BRITISH GYMNASTICS FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

7. Expenditure on raising funds

Costs of raising voluntary income

Restricted funds 2024 £ - - - - - - -	Unrestricted funds 2024 £ 88 155 1,222 - 27,368 2,624 1,320	Total funds 2024 £ 88 155 1,222 - 27,368 2,624 1,320
-	32,777	32,777

5,019	32,258	37,277

Following the introduction of new software, the analysis of 2023 costs has changed but the overall balance is consistent.

Page | 37

(A company limited by guarantee)

BRITISH GYMNASTICS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

8. Analysis of grants

Grants to individuals Total 2023 Total 2023	Grants to Individuals 2024 £ 7,030	Total funds 2024 £ 7,030	Total funds 2023 £ 97,851

	97,851	97,851

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(A company limited by guarantee)

BRITISH GYMNASTICS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

9. Analysis of expenditure on charitable activities

Summary by fund type

Direct costs Total 2023 Analysis of expenditure by activities Activities undertaken directly 2024 £ Direct costs 252,114 Total 2023 271,212 Total 2023 Total 2023	Restricted funds 2024 £ 222,693	Unrestricted funds 2024 £ 122,385	Total 2024 £ 345,078	Total 2023 £ 407,225
				Total funds 2023 £ 407,225
	51,079	356,146	407,225
	Grant funding of activities 2024 £ 7,030	Support costs 2024 £ 85,934	Total funds 2024 £ 345,078

271,212	97,851	38,162	407,225

10. Analysis of expenditure by activities

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BRITISH GYMNASTICS FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

10. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs Advertising and promotions Bank charges Clothing Events and venue expense Motor expense IT and telephones Printing, postage and office costs Travel and accommodation Professional services Miscellaneous Total 2023 as restated Total as restated 2023	Activities 2024 £ 212,815 1,351 30 163 3,956 2,068 7,891 1,610 7,929 13,873 428	Total funds 2024 £ 212,815 1,351 30 163 3,956 2,068 7,891 1,610 7,929 13,873 428
	252,114	252,114
Total 2023 as restated
	271,212	271,212

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BRITISH GYMNASTICS FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Analysis of support costs

Staff costs Depreciation Motor expense Travel & accommodation IT services Events and venue expenses Office costs Governance Bank charges Miscellaneous Total 2023 as restated Total as restated 2023	Activities 2024 £ 64,872 2,666 5,674 4,691 2,189 408 632 4,716 30 56	Total funds 2024 £ 64,872 2,666 5,674 4,691 2,189 408 632 4,716 30 56
	85,934	85,934
Total 2023 as restated

	38,162	38,162

Following the implementation of new financial software the prior year expenditure has been restated. Total expenditure for 2023 has not changed.

11. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £1,500 (2023 - £1,430) , and accounts preparation and tax returns of £2,400 ( 2023 - £- ).

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BRITISH GYMNASTICS FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

12. Staff costs

Wages and salaries Social security costs Contribution to defined contribution pension schemes	2024 £ 260,023 26,612 22,364	2023 £ 240,169 21,902 10,638 272,709
	308,999

The Charity does not employ any staff directly. All staff are paid by British Gymnastics and their salaries are recharged monthly to the Charity.

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BRITISH GYMNASTICS FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

12. Staff costs (continued)

The average number of persons employed by the Company during the year was as follows:

Average number of employees	2024 No. 9	2023 No. 9

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

	2024	2023
	No.	No.
In the band £60,001 - £70,000	1	-
In the band £70,001 - £80,000	1	1
Key management personnel received remuneration of £158,241 (2023: £136,982)

13. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL-) .

During the year ended 31 March 2024, expenses totalling £ 798 were reimbursed or paid directly to 4 Trustees (2023 - £4599 to 8 Trustees) . These related to reimbursements of travel costs.

14. Tangible fixed assets

Cost or valuation At 1 April 2023 At 31 March 2024	Computer equipment £ 52,364 52,364

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BRITISH GYMNASTICS FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

14. Tangible fixed assets (continued) Depreciation At 1 April 2023 Charge for the year At 31 March 2024	47,429 4,935 52,364

Page | 44

BRITISH GYMNASTICS FOUNDATION (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Net book value At 31 March 2024 At 31 March 2023 15. Stocks Finished goods and goods for resale 16. Debtors Due within one year Trade debtors Prepayments and accrued income	2024 £ 1,386	Computer equipment £ - 4,935 2023 £ 1,052 2023 £ 5,559 21,451 27,010
	2024 £ 13,593 145
	13,738

Page | 45

(A company limited by guarantee)

BRITISH GYMNASTICS FOUNDATION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Creditors: Amounts falling due within one year Other loans (from British Gymnastics) Trade creditors Other taxation and social security Accruals and deferred income	2024 £ 88,085 4,106 45 11,265	Computer equipment £ 2023 £ 121,749 10,856 121 21,413 154,139
	103,501

17. Creditors: Amounts falling due within one year

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BRITISH GYMNASTICS FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

18. Restricted funds

Love to Move – This is a scientifically designed seated exercise programme for people living with dementia and other forms of cognitive decline. The programme trains and develops education and learning resources to train a workforce which delivers the exercise programme across the UK and beyond and is proven to significantly improve the quality of life for participants.

Limitless – This programme engages beneficiaries by delivering a residential coaching leadership programme at Lilleshall National Sports Centre, followed by wrap around mentoring and developmental support and support towards employment in the sports sector. This support is to benefit individuals from deprived backgrounds, whose life circumstances have made it difficult to start their journey in sports coaching.

I’m IN – This programme works with specialist disability gymnastics clubs and connects them with special educational needs schools to develop and deliver a bespoke disability gymnastics programme which engages disabled children in gymnastics for the first time. The programme works with disabled children, their teachers and family, to co-create the gymnastics programme which is delivered, empowering the children to join their community gymnastics club as a route to life-long participation in sport.

BGF Operational Support includes the core costs of the Charity which are not directly involved in delivering restricted public benefit programming. Examples of costs include IT software licencing, staff salaries and expenditure related to the day to day running of the Charity’s administration.

Page | 47

BRITISH GYMNASTICS FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

19. Statement of funds

Statement of funds - current year

Unrestricted funds General Funds Restricted funds BGF Operational Support BGF Love to Move BGF I'm IN BGF Leadership / Limitless	Balance at 1 April 2023 £ 114,888	Income £ 162,618	Expenditure £ (155,162)	Transfers in/out £ (91,938)	Balance at 31 March 2024 £ 30,406
	- 34 - -	5,000 96,721 - 29,000	(49,814) (106,154) (20,275) (46,450)	44,814 9,399 20,275 17,450	- - - -
	34	130,721	(222,693)	91,938	-

Total of funds	114,922	293,339	(377,855)	-	30,406

Page | 48

BRITISH GYMNASTICS FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

==> picture [467 x 310] intentionally omitted <==

----- Start of picture text -----
19. Statement of funds (continued)
Statement of funds - prior year
Balance at
Balance at 31 March
1 April 2022 Income Expenditure 2023
£ £ £ £
Unrestricted funds
General Funds - all funds 183,657 52,114 (120,883) 114,888
Restricted funds
Restricted Funds - all funds 3,069 320,584 (323,619) 34
Total of funds
186,726 372,698 (444,502) 114,922
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BRITISH GYMNASTICS FOUNDATION

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

20. Summary of funds

Summary of funds - current year

General funds Restricted funds	Balance at 1 April 2023 £ 114,888 34	Income £ 162,618 130,721	Expenditure £ (155,162) (222,693)	Transfers in/out £ (91,938) 91,938	Balance at 31 March 2024 £ 30,406 - 30,406
	114,922	293,339	(377,855)	-

Summary of funds - prior year

General funds Restricted funds	Balance at 1 April 2022 £ 183,657 3,069	Income £ 52,114 320,584	Expenditure £ (120,883) (323,619)	Balance at 31 March 2023 £ 114,888 34 114,922
	186,726	372,698	(444,502)

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21. Analysis of net assets between funds

Analysis of net assets between funds - current period

Current assets Creditors due within one year Total	Unrestricted funds 2024 £ 133,907 (103,501)	Total funds 2024 £ 133,907 (103,501) 30,406
	30,406

Analysis of net assets between funds - prior period

Tangible fixed assets Current assets Creditors due within one year Total	Endowment funds 2023 £ - 154,139 (154,139)	Restricted funds 2023 £ - 34 -	Unrestricted funds 2023 £ 4,935 109,953 -	Total funds 2023 £ 4,935 264,126 (154,139) 114,922
	-	34	114,888

22. Related party transactions

British Gymnastics is the governing body of gymnastics in Great Britain, and the sole member of British Gymnastics Foundation.

Under a grant agreement signed in 2021, Gymnastics Enterprises Ltd (a wholly-owned subsidiary of British Gymnastics) confirmed its intension to make a grant of £75,000 to the charity for the year to 31 March 2024. During the year ended 31 March 2024, the Charity received £75,000 in respect of this grant.

Under a MOU and secondment agreement signed in 2021, British Gymnastics agreed to provide various services to the Charity in return for a management fee. These services include the provision of seconded staff. During the year ended 31 March 2024, British Gymnastics charged a management fee of £322,041.

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Page152

Registered in England – Company Number 09060595 Charity Number 1157747

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