Charlty registration number. 1158811
North Devon Display Gymnastics Club
Annual Report and Financial Statements
for the Year Ended 31 March 2024
WESTCOTTS
CHARTERED ACCOUNTANTS
& BUSIII*S$ ADVISÉRS

North Devon Display Gymnastlcs Club
Contents (continued)
Reference and Administratlve Details
Trustees, Réport
2to4
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financlal Statements
8t018

North Devon Dlsplay Gymnastics Club
Reference and Admlnistrative Details
Trustees:
Victoria White
Jayné Poole
Claire Fowler
Michelle Atkinson
Heather Lofthouse (appointed 16 November 2023)
Samantha Shorey (resigned 23 April 2024)
Michelle Gordon (resigned 24 April 2024)
Leila Eastman (resigned 16 November 2023)
Susan Cawsey (resigned 13 June 2024)
Claire Chamberlain (resigned 16 November 2023)
Janine Hammon (resigned 16 November 2023)
Charity Reglstration Number
1158811
Prlnclpal Office
Unit 9a
Caddsdown Industrial Estate
Bideford
Devon
EX39 3DX
Indep8ndent Examiner
Westcotts (SW) LLP
Independent Examiner
47 BoLrtport Street
Barnstaple
Devon
EX31 1 SQ
Page 1

North Devon Display Gymnastics Club
Trustees. Report
The trustees present the annual report together with the financial statements of th8 charity for the year
ended 31 March 2024.
Structure, governance and management
Nature of governing document
The club is governed by a constitution dated 8th October 2014. The twstees are appointedlremoved
by a democratic process. The club became an Incorporated Charitable Organisation (CIO) on the 8th
October 2014. This is a technical change of status similar to a Limited Company and affords the
trustees a limited liabilty with legal requirements of the Club. It has made no difference to the way the
members see the Club run on a daity basis.
Claire Fowler, Jayne Poole, Vickie White and Michelle Gordon who are employees of the Club are
also trustees of the Club. The salary they re￿1ve relates entirely to their employment duties. They
receive no payment in respect of their positions as Trustee.
The impact of Employment and Data Protection legislation is ongoing and built into budgets.
In recognition of the ever-increasing statutory requirements on the Club and in particular, employers,
the Trustees have had to consider the financial and personnel effect that the regular increases in the
minimum wage, living wage and pensions has and will make.
With that in mind efforts have been made to increase classes and absorb those waiting for places as
quickly as possible.
The Club's accountants who run the payroll, along with personnel guidance and advice, also
administer the workplace pension scheme.
Objectlves and activltles
Objects and alms
To advance the physical education and development of children by the provision of gymnasium
facilities and instruction in gymnastics.
It has always been and remains the ethos of the Club to be open to all as a grass roots Club
embedded in the Community. In doing this our aims are to bring the sport of Gymnastics and the
associated activities of the North Devon Display Gymnastics Club to as many people of all ages and
abilities as possible and to have a reputation built around Accessibilty, Inclusion, Safety, Enjoyment
and Aspiration.
In being fortunate to have such positive and motivated teams both as Trustees and in Coaching, it
was inevitable there would be success and continuing developments in the Club administration,
Coach Education, Individual Gymnasts and the Display Team.
Public beneftt
In planning our activities for the year, we kept in mind the Charity Commission guidance on publi
benefrt. As mentioned above our activities are open to all children regardless of their age or ability.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act
2011 to have due regard to the public benefit guidance published by the Charity Commission for
England and Wales.
Page 2

North Dovon Display Gymnastics Club
Trustees. Report (contlnued)
Flnancial review
The net assets of the Club are £72,593 as at 31st March 2024 (2023.. £81,147).
Total income for the year decreased from £117,937 in 2023 to £113,722 in 2024.
Expenditure totalled £122,772 in 2024 con).pared with £98.523 in 2023.
The total bank and cash held in all accounls as at 31st March 2024 totalled £67,671, this compares
with the total bank and cash balance of £77.954 as at 31st March 2023.
Policy on reserves
To address the Club's long-lerm liabilities and responsibilities, the Trustees set up a contingency bank
acGount with the aim of accumulating enough funds to cover 6 months of outgoings in reserve. Thi5
gives stability and security.
At the year end the unrestricted reserves stood at £61.256 (2023: £77,209). This equates to 6 months
of unrestricted expenditure.
At the year end the restriGted reserves stood at £11,337 (2023: £3,938).
Plans for future perlods
Alms and key objectlves for future periods
The Twstees, aini is for th8 Club to own its own facility which will house both gymnastic and social
events in safety and comfort.
To this end funds will be set aside and fund raisiny efforts will be made.
In closing, the Club continues in a strong and healthy condition and is always striving to improve and
develop.
Page 3

North Devon Display Gymnastics Club
Trustees. Report (continued)
Statement of Trustees. Responsibilltles
The trustees are responsible for preparing the trustee",
report and the financial statements in
ac¢ordanca with the United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial
year which give a true and fair view of the state of affairs of the charity and of the incoming resources
and applir.ation of resources of the charity for that period. In preparing these financial statements, the
trustees are required to..
select suitsble accounting policies and then apply them consistently-,
observe the methods and principles in the Charities SORP",
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements" and
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 proper accounting records that disclose with reasonable
accuracy at any time the financial position of the ch8rity and enable tliem to ensure tnal the financial
statements comply with the Charities Act 2011, the Charitie5 {Accounls and Reports) Regulations
2008. and the provisions of the constitution. The trusteee
.rL also responsible for safeguarding the
assets of the charity and hence for taking reasonable stCPS Inr the pr8vention and delection of fraud
and other irregularities.
The trijstees are responsible for the maintenance ana ',.Itegrity of the corporate and financial
information included on the charitable company's website. -8gislation goveming the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the charity on
behalf by:
and signed on its
Claire Fowler
Trustee
Page 4

North Devon Display Gym nastics Club
Independent Examiner's Report to the trustees of North Devon Display
Gymnastics Club
I report to the trustees on my examinatlon of the accounts of North Devon Display Gymnastics Club
for the ￿ar ended 31 March 2024.
Responsibllltles and basis of report
As the charity trustees of North Devon Display Gymnastics Club you are responsible for the
preparation of th8 accounts in accordan¢a with the requirements of the Charities Act 2011 (Ihe Act,).
I report in respect of my examlnatlon of the North Devon Display Gymnastics Club's accounts carried
out under section 145 of the 2011 Act and In canying out my examination I have followed all the
applicable Directions given by the Charty Commisslon under sectlon 145(5llb) of the Act.
Independent examlner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the exarninatlon giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of North Devon Display Gymnastics Club as
required by section 130 of the Act; or
2. the accounts do not accord wSth those records. or
3. the accounts do not comply with the accounting 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 Gonsidered as part
of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to
which attentlon should be drawn In this report in order to enable a proper understandlng of the
accounts to be reached.
Catherine Williams FCA DChA
Westcolts (SW) LLP
Independent Examiner
47 Boutport Street
Barnstaple
Devon
EX31 1SQ
Page 5

North Devon Display Gymnastics Club
ststement of Financial Activities for the Year Ended 31 March 2024
Total
2024
Unrestricted
funds
Restricted
funds
Total
2023
Note
Income and Endowments from:
Donations and legacies
Charilable activities
Investment Income
Other trading activities
Total income
1,370
97,237
938
4,229
9,948
11,318
97,237
938
4,229
6,767
107,152
225
3,793
103,774
9,948
113,722
117,937
Expenditure on:
Charitable activities
121,643
633
122,276
{98,523)
Total expenditure
Net (expenditure)lincome
Gross transfers between
funds
121,643
(633
122,276)
98,523
(17,869)
9,315
18,554)
19,414
1,916
(1,916
Net movement in funds
Reconclliation of funds
Total funds brought forward
Total funds c8rried forward 18
(15,953)
7,399
(8,554)
19,414
77,209
3,938
11,337
81,147
72,593
61,733
61,258
81,147
All of the charity's activitie8 derive from continuing operations during the above two perlods.
The funds breakdown for 2023 is shown in note 18.
The notes on pages 8 to 18 form an integral part of these financial statements.
Page 6

North Devon Display Gymnastics Club
(Registration number: 1158811)
Balance Sheet as at 31 March 2024
2024
2023
Note
Flxed assets
Tangible assets
Current assets
Stocks
Debtors
Cash at bank and in hand
13
2,401
1,253
14
15
2,222
2,474
67,671
72,367
(2,175)
1,726
2,445
77,954
82.125
Creditors: Amounts falllng due within one year
Net current assets
16
2,231)
70,192
79,894
Net assets
72,593
81,147
Funds of the charlty:
Restricted funds
Unrestricted funds
11,337
61,256
72,593
3,938
77.209
Total charity funds
18
81,147
The fna
iaj statement8 on pages 6 to 18 were approved by the trustees, and authorised for issue on
Claire Fowler
Trustee
The notes on pages 8 to 18 fomi an integral part of these financial statements.
Page 7

North Devon Display Gymnastics Club
Notes to the Financial Statements for the Year Ended 31 March 2024
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities
ststement of Recommended Practice issued in October 2019. the Financial Reporting Standard
applicable in the Untted Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
North Devon Display Gymnastics Club meets the definition of a public benefit entity under FRS 102.
The accounts (financial statements) have been prepared under the historical cost convention with
items recognised at cost or transaction value unless otherwise stated in the relevant note(5) to these
accounts. The financial statements have been prepared in sterling which is the functional currency of
the charity.
Summary of dlsclosure exemptions
The charity has taken advantage of the exemptions in the Charities SORP (FRS 102) including the
requirement to produce a cashflow as it is class8d as a small charity..
Going concern
The trustees consider that there are no material uncertainties about the charity's abilty to continue as
a going concern.
Income and endowments
Voluntsry income including donations. gifts, legacies and grants that provide core funding or are of a
general nature is recognised when the charity has entitlement to the income, it is probable that the
income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when rec8ipt is probable and the
amount can be reliably measured.
Grdnts receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to
the grants have been met. Where performance conditions are attached to the grant and are yet to be
met, the income is recognised as a liability and included on the balance sheet as deferred income to
be released.
Investment income
Dividends are recognised once the dividend has been declared and nottrication has been rec8ived of
the dividend due.
Page 8

North Devon Display Gymnastlcs Club
Notes to the Flnancial Statements for the Year Ended 31 March 2024
(continued)
Expendlture
All expenditure is recognised once there is a legal or constructive obligation to that expendiiure, it is
probable settlement is required and the amount can be measured reliably. All costs are allocated to
the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot
be directly attributed to particular headings they have been allocated on a basis consislent with the
use of resources, with central staff costs allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use. Other support costs are allocated based on the
spread of staff costs.
Charltable actlvltles
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities
and services for its beneficiaries. It includes both costs that Can be allocated directly to such activities
and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to 8Ctivity cost categorles on a basis
consistent with the use of resources, for example, allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
Taxatlon
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to charitable purposes.
Tangible flxed assets
Individual fixed assets are Initially recorded at cost, less any subsequent accumulated depreciation
and subsequent accumulated Impaimient losses.
Depreciation and amortlsatlon
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any
estimated residual value, over their expected useful ￿onoMiC life as follows..
Asset class
Fixtures and fittings
Depreciation method and rats
25 % straight line
Stock
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after
due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly
liquid investments that are readily convertible to a known amount of cash and are subject to an
insignificant risk of change in value.
Page 9

North Devon Display Gymnastics Club
Notes to the Financial Statements for the Year Ended 31 March 2024
(continued)
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in
furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the
use of which is restricted to that area or purpose.
Flnanclal instruments
Classlflcation
Financial assets and financial liabilities are recognised when the charity becomes a party to the
contractual provisions of the instrument.
Financial liabilities and equity instruments are classified a￿rdIng to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in
the assets of the charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction
costs), except for those financi81 assets classified as at fair value through profit or loss, which are
initially measured at fair value (which is nomially the transaction price excluding transaction costs),
unless the 8rrangement constitutes a financing transaction. If an arrangement constitutes a financing
transaction, the financial asset or financial liability is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only
when there exists a legally enforceable right to set off the recognised amounts and the Charity intends
either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows
from the financial asset expire or are settled, b) the charity transfers to another party substantially all
of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained
some, but not all, significant risks and rewards of ownership, has transferred control of the asset to
another paty.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged,
cancelled or expires.
2 Income from donations and legacles
Unrestricted
funds
General
Restricted
funds
Total
2024
Donatlons and legacles;
Donations
1,370
9,948
11,318
1,370
9,948
11,318
Page 10

North Devon Display Gymnastics Club
Notes to the Financial Statements for the Year Ended 31 March 2024
(continued)
Restrlcted
funds
Total
2023
Donations and legacles;
Donations
Grants
Funding Agency Grant
5,267
5,267
1,500
1,500
6,767
6.767
3 Income from charitable activities
Unrestrlcted
funds
General
Total
2024
Fees
KiVBadges
Competitions
Holiday Club
Italy 2023
London Festival Oct 2023
Alton Towers 2024
76,510
1,050
1,778
1,750
10,989
4,635
525
76,510
1,050
1,778
1,750
10,989
4,635
525
97,237
97,237
Unrestricted
funds
Gèneral
Total
2023
Fees
KiUBadges
Competitions
London Festival Oct 2022
Holiday Club
ltsly 2023
81,631
1.796
475
5,624
2,102
15,524
107,152
81,631
1,796
475
5,624
2,102
15,524
107,152
Page11

North Devon Display Gymnastlcs Club
Notes to the Flnancial Statements for the Year Ended 31 March 2024
(continued)
4 Investment income
Unrestricted
funds
General
Total
2024
Bank interest receivable
938
938
Unrestricted
funds
General
Total
2023
Bank interest receivable
225
225
5 Other tradlng activities
Unrestrlcted
funds
General
Total
2024
Fundraising events
Gym hire
3.589
640
3,589
640
4.229
4,229
Unrestricted
funds
General
Total
2023
Fundraising events
G￿n hire
2,908
885
2,908
885
3,793
3.793
6 Expenditure on charitable activities
Unrestrlcted
funds
Goneral
Restricted
funds
Total
2024
Nots
Charitable activities
Support costs
118,877
2,766
121,643
633
119.510
2,766
122,276
633
Page 12

North Devon Display Gymnastics Club
Notes to the Financial Statements for the Year Ended 31 March 2024
(continued)
Unrestrlcted
funds
General
Restrlcted
funds
Totsl
2023
Note
Charitable activities
Support costs
94,128
2,895
1,500
95,628
2,895
98.523
97,023
1,500
7 Analysis of support costs
Support costs allocated to charitable actlvltles
Total
2024
Total
2023
Independent Examination fees
Payroll fees
Bank Charges
1,646
1,000
120
1,775
1,000
120
2,766
2,895
8 Net Incomlngloutgoing resources
Net {outgoing)lincoming resources forthe year include:
2024
2023
Depreciation of fixed assets
988
716
9 Trustees remuneration and expenses
Claire Fowler, Jayne Poole, Michelle Gordon and Victoria White receive a salary entirely related to
their employment duties, they receive no payment in respect of their positions as Trustees. The total
amount of wages paid to Trustees during the year was £25,158 {2023.' £23,538).
During the year. Trustees were reimbursed for expenditure incurred on behalf of the charity against
receipts.
No trustees have received any other benefrts from the charity during the year.
Page13

North Devon Display Gymnastlcs Club
Notes to the Financial Statements for the Year Ended 31 March 2024
{continu8d)
10 Stsff costs
Th8 aggregate payroll costs were as follows".
2024
2023
staff costs during the year were:
Wages and salaries
Employer contributions to pension plans
51,582
408
45,193
344
51,990
45.537
The monthly average number of persons (including senior management I leadership team) employed
by the Gharity during the year was as follows:
2024
No
13
2023
Employee
12
No employee received emoluments of more than £60.000 during the year
11 Independent examlner's remuneration
2024
2023
Examination of the financial statements
1,646
1.775
12 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 14

North Devon Dlsplay Gymnastics Club
Notes to the Financlal Ststements for the Year Ended 31 March 2024
(contlnued)
13 Tangible fixed assets
Furnlture
and
equlpment
Total
Cost
At 1 April 2023
Additions
26,254
2,136
26,254
2,136
At 31 March 2024
28,390
28,390
Depreclation
At 1 April 2023
Charge for the year
At 31 March 2024
25,001
988
25,001
988
25,989
25,989
Net book value
At 31 March 2024
2,401
2,401
At 31 March 2023
1,253
1,253
14 Stock
2024
2023
Stocks
2,222
1,726
15 Debtors
2024
2023
Prepayments
2,474
2.445
16 Creditors: amounts falling due within one year
2024
2023
Other taxation and social security
Accruals
308
1,923
2,175
2,175
2,231
Page 15

North Devon Display Gymnastics Club
Notes to the Financial Statements for the Year Ended 31 March 2024
{continued}
17 Pension and othèr schemes
Defined contribution penslon scheme
The charity operates a defined contribution pension scheme. The pension cost charge for the year
represents contributions payable by the charty to the scheme and amounted to £408 {2023 - £344).
18 Funds
Balance at
1 April
2023
Balance at
31 March
2024
InGoming Resources
resources
expended
Transfers
Unrestrlcted funds
General
General Funds
77,209
103,774
(121,643)
1,916
81.256
Restricted funds
Bideford Town Council
Bideford Bridge Trust
National Grid
TDC- Equipment Repair
Local Giving - Maglc Little
Grant
Alex Ferry Foundation
546
625
1,667
600
1,000
(1,012)
(625)
534
(63)
1,604
600
500
(115)
(164)
(1,916)
385
8,214
11,337
8,948
9,948
(570
(633)
3,938
Total funds
81.147
113,722
122,276
72,593
Page 16

North Devon Display Gymnastics Club
Notes to the Financial Statements for the Year Ended 31 March 2024
(continued)
Balance at
1 Aprll
2022
Balance at
31 March
2023
Incoming Resources
resources
expended
Transfers
Unrestricted funds
General
General Funds
61,687
111,170
(97,023)
1,375
77.209
Restricted funds
Funding Agency
Bideford Town Councll
Bideford Bridge Trust
National Grid
TDC- Equipment Repair
Local Giving - Magic Little
Grant
1,500
500
2,000
1,667
600
{1,500)
46
546
625
1,667
600
11,375)
500
500
46
6,767
1,500
(1,275)
3,938
Total funds
61,733
117,937
(98,523
81,147
The purpose of the restricted funds are.,
Bideford Town Council awarded the charity £1,000 in May 2019 towards training. During the year an
additional £1,000 was received towards equipment.
Funding Agency - this grant was awarded to hire an apprentice.
Bideford Bridge Trust - this was a grant provided for 8 media package to support training and the
display team.
National Grid this grant was for a hardship fund to assist families with costs.
Torridge District Council this grant has been awarded to a8818t the charity with the repair and
maintenance of equipment,
Local Giving - Msgic Little Grant- this grant was given to assist the charity with a media package.
Alex Ferry Foundation - received towards equipment and training.
During the year, funds have been transferred from restricted to unrestricted funds once the funding
has been utlised by the purchase of fixed assets and as a result the restrictions on the funds have
been fulfilled.
Page 17

North Devon Display Gymnastlcs Club
Notss to the Financlal Statements for the Year Ended 31 March 2024
(continued)
19 Analysls of net assets between funds
Unrestricted
funds
General
Total funds
at 31 March
2024
Restricted
funds
Tangible fixed assets
Current assets
Current liabilities
2,401
61,030
(2.175)
61,256
2,401
72,367
(2,175)
72.593
11,337
Total net assets
11,337
Unrestricted
funds
G•n8ral
Total funds
at 31 March
2023
Restrlcted
funds
Tangible fixed assets
Current assets
Current liabilities
1,253
78,187
(2,231
77,209
1,253
82,125
(2,231)
81,147
3.938
Total net assets
3,938
20 Related party transactions
There were no related party transactions in the year.
Page 18