Charity registration number: 1158811
North Devon Display Gymnastics Club
Annual Report and Financial Statements
for the Year Ended 31 March 2025
WESTCOTTS
CHARTERED ACCOUNTANTS
& AUSINES$ ADVISÈRS

North Devon Display Gymnastlcs Club
Contents (contlnued)
Reference and Administrative Details
Trustees, Report
2to5
Indépendent Examlnevs Report
Statement of Flnanclal Actlvltles
Balan￿ Sheet
Notes to the Financial Statements
9t019

North Devon Dlsplay Gymnastics Club
Reference and Administrative Details
Trustees:
Victoria White
Jayne Poole
Claire Fowler
Michelle Atkinson
Heather Lofthouse
Samantha Shorey (resigned 23 April 2024)
Michelle Gordon (resigned 24 April 2024)
Susan Cawsey (resigned 13 June 2024)
Charlotte Wonnacott (appointed 21 November 2024)
Charity Registration Number
1158811
Princlpal Offlce
Unit 9a
Caddsdown Industrial Estate
Bideford
Devon
EX39 3DX
Westcotts (SW) LLP
Independent Examiner
47 Boutport Street
Barnstaple
Devon
EX31 1SQ
Independent Examiner
Page 1

North Devon Display Gymnastics Club
Trustees. Report
The trustees present the annual report together with the financial statements of the charity for the year
ended J1 March 2025.
Structure. governance and management
Nature of goveming document
The club is governed by a constitution dated 8th October 2014. The trustees 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 limit6KI liability with legal requirements of the Club. It has made no differen￿ to the way the
members see the Club run on a daily basis.
Glaire 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 entlrely 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
rninimum 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 advi￿, also
administer the workplace pension scheme.
Objectives and activitles
Objects and aims
To advan￿ 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 Accessibility, Inclusion. Safety, Enjoyment
and Aspiration.
In being fortunate to have such positive and motivated teams both as TrLJStees and in Coaching. it
was inevitable there would be success and continuing developtnents in the Club administration.
Coach Education. Individual Gymnasts and the Display Team.
Public benefrt
In planning our activities for the year. we kept in mind the Charity Commission guidance on public
benefit. As mentioned above our activities are operi 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 Devon Display Gymnastics Club
Trustees. Report (continued)
Objectives. strategiés and activities
The 202412025 year saw the club go from strength to strength, with classes full and now having
waiting lists.
It has always been and remains the ethos of the club to be open to all as a grass roots dub
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 Accessibility. Inclusion. Safety, Enjoyment
and Aspiration.
In recognition of the ever increasing statlrtory requirements on the club and in particular, employers.
the trustees have had to consider the financial and personnel effect that the regular increases in
minimum wage. living wage and pensions has made. The dub's accountants who run the payroll.
along with personnel guidan￿ and advice. also administer the workplace pension scheme.
Class fees are reviewed regularly and increased as necessary to cover the overheads of the dub.
During the year we have also been fortunate to attract some grant funding from various local
organisations towards coaching and equipment.
The past year has seen the club move forward positively and proactively.
Since the appolnting of our new head coach we have worked together as a committee of trustees and
coaches to Improve the ethos of the club moving forward. The coaching team have worked together to
provide a more consistent and cohesive plan of teaching. Some of Ihe changes implemented are; 8
new awards scheme for the recreational classes to replace the BG badge system. termly progress
reports, performance pathways. annual awards and celebration evening & a young leader program.
Our young helpers and super helpers from within the club have proved very successful. It has bean
great to see these young people sharing their own skills and knowledge with the younger members.
Our aim is to brlng through well trained and qualified coaches to cary the club into the future, with
Investment by the club, both financially and as mentors.
The club has thrived thls year, with many events taklng place both within the cSub and the gymnastics
community. In November 24 we held our first Awards and Celebralion under the new management. It
was wonderful to ￿lebrate the achievements and hard work of all our gymnasts and to see their
progress. The event was a sellout Suc￿ss. with very positive feedback from parents and gymnasts.
Plans were put under way for an even more spectacular event in November 25.
Our new levels assessment scheme held testing in February and June, with many gymnasts passing
their grades and altaining medals. The levels system has been implemented throughout the lesson
plans in the recreational classes and gymnasts are showing improvement, particularly in basic skills.
We ran our very successful recreational competition in April 25. The competition gives our
recreational gymnasts a chance to show off their skills in a fun and friendly competitive environment.
We have used the results to create a perfortnance pathway through the club, with high performing
gymnasts being selected for the development team.
February 25 saw the junior display team being invited to perform in the half time show at the mens
rugby final at Exeter Chiefs. The team enjoyed learning and performing routines to a packed stadium.
Alton Towers was the destinatlon for our trip In June 25 wlth the display team performing their
Rhianna Megamix routlne at the Chance to Dance festival. This was a great trip with the opportunity
to visit the theme park and splash pool at Mton Towers being the highlight. Any club member of
school age can join the display team regardless of ability.
Page 3

North Devon Display Gymnastics Club
Trustees. Report (continued)
The dp.vp.Inprnent team had an extremely successful year, attending competitions at Penryn and
Baskervilles. The team achieved the top slx and top 3 placings in most categorles which is an
amazing achievement.
Following the success of our developmenvcompetition team, we have created a performance pathway
within the dub for gyimnasts that show potential. This includes a predevelopment class running
alongside the development and an advanced recreational class. The introduction of Ihese new
classes will give structure and purpose. encouraging gymnasts that want to work hard.
There has been a proactive fundraising effort this year. with many fun events being held, including the
sleepovers. and bingo nights.
None of the above would be possible without the huge commitment and hard work given by our
coaches, trustees and volunteers, and my personal thanks go to everyone, especially our head coach
Vickie who works tirelessly, along with our club manager, aiming for the best future for both the club
and its gymnasts. I really appreciate all your hard work and commitment to helping the club remain
true to its core values.
In closing, the club is in a strong and healthy position, wlth an increase in membership meanlng that
most recreational classes are full and some even have waiting lists. The development team are
working hard and tralning is under way for upcoming competltions.
1, and the trustees, look fomard lo the new gym year, as always with great optimism.
Jayne Poole
Club Chairman
Flnanclal review
The net assets of the Club ar8 £85,511 as at 31st March 2025 (2024: £72,593).
Total income for the year increased from £113,722 in 2024 to £129.174 in 2025.
Expenditure totalled £116,256 in 2025 compared with £122,276 in 2024.
The total bank and cash held in all accounts as at 31st March 2025 totalled £76,854, thls compares
with the total bank and cash balance of £67,671 as at 31 st March 2024.
Policy on resetves
To address the Club's long-term liabilities and ￿SponSIbl]it1es. the Trustees set up a contingency bank
account with the aim of accumulating enough funds to cover 6 months of outgoings in reserve. This
gives stability and security.
Al the year end the unrestricted reserves stood at £81,788 (2024: £61.256). This equates to 8 months
of unrestricted expenditure.
At the year end the restricted reserves stood at £3.723 (2024: £11,337).
Page 4

North Devon Display Gymnastics Club
Trustees. Report (continued)
Statement of Trustees. Responslbllltles
The trustees are responsible for preparing the trustees, report and the financial statements in
accordance 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 application of resources of the charity for that period. In preparing these financial statements. the
trustees are required lo:
select suitsble accounting policies and then apply them consistently;
observe the methi]ds 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 concem basis unles5 it is inappropriate lo 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 Ihe charity and enable them to ensure that the financial
statements comply with the Charitles Act 2011, the Charlties (Accounts and Reports) Regulatlons
2008, and the provislons of the constitutlon. The trustees are also responsible for safeguarding the
assets of the charity and hen￿ for taking re8sonable steps for the prevention and detection of fraud
and other irregularities.
The trustees 8re responsible for the maintenance and integrity of the corporate and financial
infomiation included on the charitable companys website. Legislatlon governing the preparation and
dissemination of flnanclal statements may differ from legislation In other jurisdictions.
The annual report was approved by the trustees of the charity on
behalf by.
signed on its
Claire Fowler
Trustee
Page 5

North Devon Display Gymnastics Club
Independent Examiner's Report to the trustees of North Devon Dlsplay
Gymnastics Club
I report to the trustees on my examination of the accounts of North Devon Display Gymnastics Club
for the year Énd8d 31 March 2025.
Responsibilities and basis of report
As the charity trustees of North Devon Display Gymnastics Club you 8re responsible for the
preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.).
I report in respect of my examination of the North Devon Display Gymnastics Club's accounts carried
out under section 145 of the 2011 Act and in carrying out my examination I have followed all the
applicable Directions given by the Charity Commission under section 145{5)(b) of the Act.
Independent examiner's statement
have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect-
1. accounting records were not kept in respect of North Devon Display Gymnastics Club as
required by section 130 of the Act,, or
2. the accounts do not accord with those records. or
3. the accounts do not comply with the accounting requirements concerning the form and content of
accounts set out in the Charltles (Accounts and Reports) Regulations 2008 other than any
requirement that the accounts glve a 'true and falr view which is not a matter considered as part
of an independent examlnation.
I have no concerns and have come across no other matters In connectlon with the ex8minatSon to
which attention should be drawn in this report in order to enable a proper understandlng of the
accounts to be reached.
Catherine Williams FCA DChA
Westcotts (SW> LLP
Independent Examiner
47 Boutport Street
Bamstaple
Devon
EX31 1SQ
Page 6

North Devon Display Gymnastics Club
Statement of Financial Activities for the Year Ended 31 March 2025
Unrestricted
funds
Restrlcted
funds
Total
2025
Total
2024
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Investment income
Other trading activities
700
118,539
832
7.949
1,154
1,854
118,539
832
7.949
11,318
97,237
938
4.229
Total income
128,020
1,154
129.174
113.722
Expenditure on:
Charitable activities
(113.466)
(2.790)
(116.256)
(122,276
(122,276)
Total expenditure
(113,466)
(2.790)
116.256)
Net incomel(expenditure)
Gross transfers between
fvnds
14.554
(1,636)
12,918
(8,554)
5,978
(5,978)
Net movement in funds
20,532
(7,614)
12.918
(8.554)
Reconcillation of funds
Total funds brought forward
61,256
11,337
72,593
81.147
Total funds carried forward 18
81.788
3,723
85,511
72,593
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2024 is shown in note 18.
The notes on pages 9 to 19 form an integral part of these financial statements.
Page 7

North Devon Display Gymnastics Club
(Registration number: 1158811)
Balance Sheet as at 31 March 2025
2025
2024
Note
Fixed assets
Tangible assets
Current assets
Stocks
Debtors
Cash at bank and in hand
13
6,188
2,401
14
15
1,477
3,094
76,854
81,425
2,222
2,474
67,671
72,367
Credltors: Amounts falllng due within one year
Net current assets
16
(2,102)
2,175
79.323
70,192
Net assets
85,511
72,593
Funds of the charlty:
Restricted funds
Unrestricted funds
3,723
81,788
11,337
61,256
Total charity funds
18
85,511
72,593
The
Ina
cia
statements on pages 7 to 19 were approved by the trustees, and authorised for issue on
.￿. and slgned on their behalf by:
Claire Fowler
Trustee
The notes on p8ges 9 to 19 form an integral part of these financial statements.
Page 8

North Devon Display Gymnastics Club
Notes to the Financial Statements for the Year Ended 31 March 2025
1 Accounting policies
Statement of complianc8
The financial statements have been prepared in accordance with the second edition of the Charities
Statement of Recommended Practice issued in October 2019. the Financial Reporting Stsndard
applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
North Devon Display Gymnastics Club meets the definilion 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(s) to these
accounts. The financial statements have been prepared in sterling which is the functional currency of
the charity.
Going concern
The trustees consider that there are no material uncertaintles about the charity's ability to continue as
a going concern.
Income and endowments
Voluntary 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 wlth sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when re￿Ipt is probable and the
amount can be reliably measured.
Investment Income
Dividends are recognised once the dividend has been declared and notification has been received of
the dividend due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure. 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 consistent with the
use of reSoUr￿s, with ￿ntral 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.
Charitsble activities
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.
Page 9

North Devon Display Gymnastics Club
Notes to the Financial Statements for the Year Ended 31 March 2025
(continued)
Support costs
Support costs include central functions and have been allocated to activity cost categories 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 cosls by their usage.
Taxation
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 Parl 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 fixed assets
Individual fixed assets are initially recorded at cost, less any subsequent accumulated depreciation
and subsequent accumulated impairment losses.
Depreclatlon 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 economic life as follows:
Asset class
Fixtures and fittings
Depreciation method and rate
250/0 Straight lin8
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 equivalents
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.
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.
Page 10

North Devon Display Gymnastics Club
Notes to the Financial Statements for the Year Ended 31 March 2025
(continued)
Financial Instruments
Classlflcadon
Financlal assets and financial liabilities are recognised when the charity becomes a paty to the
contractual provisions of the instrument.
Financial liabilities and equity instruments are classlfied according to the substance of the contractual
arrangements entered into. An equity instrument Is any contract that evldences a residual Interest in
the assets of the charity after deducting all of Its liabilities.
Recognltlon and measurement
All financial assets and liabilities are initially measured at transaction prlce (including transaction
costs). except for those financial assets classified as at fair value through profit or loss, which are
initially measured at fair value (which is normally the transaction pri￿ exduding transaction costs),
unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing
transadion, the financial asset or financlal Ilability is measured at the present value of the future
payrnents 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 charlty intends
either to settle on a net basis, or to reallse the asset and settle the liability simultaneously.
Finandal 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 charlty, despite having retained
some, bul not all, significant risks and rewards of ownership. has transferred control of the asset to
another paty.
Financlal Ilabllltles are derecognised only when the obligation specified in the contract is discharged.
Can￿lled or expires.
2 Income from donations and 18gacles
Unrestrlcted
funds
General
Restricted
funds
Total
2025
Donations and legacies;
Donations
Regular giving and capital donations
700
250
904
950
904
700
1,154
1,854
Unrestricted
funds
General
Restrlcted
funds
Total
2024
Donations and legacies;
Donations
1,370
9,948
11,318
Page11

North Devon Display Gymnastics Club
Notes to the Financial Statements for the Year Ended 31 March 2025
(continued)
3 Income from charitable actlvlties
Unrestrlcted
funds
General
Total
2025
Fees
KItIBadges
Competitlons
Holiday Club
Alton Towers 2024
99,052
2,533
4,873
1,322
10,759
118,539
99,052
2,533
4.873
1,322
10,759
118,539
Unrestricted
funds
General
Total
2024
Fees
KitlBadges
Competitions
Hollday 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
4 Investment income
Unrestricted
funds
General
Total
2025
Bank interest receivable
832
832
Unrestrlcted
funds
General
Total
2024
Bank Snterest recelvable
938
938
Page 12

North Devon Display Gymnastics Club
Notes to the Financial Statements for the Year Ended 31 March 2025
(continued)
5 Other tradlng actlvltles
Unrestricted
funds
General
Total
2025
Fundraising events
7.949
7.949
Unrestricted
funds
General
Total
2024
Fundraising events
Gym hire
3.589
640
3,589
640
4,229
4,229
6 Expendlture on charltable actlvltles
Unrestrlcted
funds
General
Restrlcted
funds
Total
2025
Note
Charitable activities
Support costs
111,380
2,086
2,790
114.170
2,086
116,256
113,466
2.790
Unrestrlcted
funds
General
Restricted
funds
Total
2024
Note
Charitable activities
Support costs
118.877
2,766
633
119.510
2.766
121.643
633
122.276
Page 13

North Devon Display Gymnastics Club
Notes to the Financial Statements for the Year Ended 31 March 2025
(continued)
7 Analysis of support costs
Support costs allocated to charltable actlvitles
Total
2025
Total
2024
Independent Ex8mlnatlon fees
Payroll fees
Bank charges
1,284
742
60
1,646
1,000
120
2,086
2,766
8 Net Incomingloutgoing resources
Net Incomlngl(outgoing) resources for the year Include:
2025
2024
Depreclatlon of flxed assets
2,065
988
9 Trustees remuneration and expenses
Claire Fowler, Jayne Poole, Michelle Gordon and Victoria Whlte receive a salary entlrely related to
their employment duties, they receive no payment in respect of thelr positions as Trustees. The total
amount of wages paid to Trustees and thelr close family durlng the year was £24,723 (2024:
£25,158).
During Ihe year, Trustees were reSmbursed for expenditure Incurred on behalf of the charity against
receipts.
No trustees hav8 received any other benefrts from the charity durlng the year.
Page 14

North Devon Display Gymnastics Club
Notes to the Financial Statements for the Year Ended 31 March 2025
(continued)
10 Staff costs
The aggregate payroll costs were as follows:
2025
2024
staff costs during the year were:
Wages and salaries
Employer contributions to pension plans
54.597
497
51,582
408
55,094
51.990
The monthly average number of persons (including senior management I leadership team) employed
by the charity during the year was as follows:
2025
No
13
2024
No
13
Employee
No employee received emoluments of more than £60.000 during the year
11 Independent examiner's remuneration
2025
2024
Examination of the financial statements
1.284
1,646
12 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 15

North Devon Display Gymnastics Club
Notes to the Financial Statements for the Year Ended 31 March 2025
(continued)
13 Tanglble flxed assets
Furniture
and
equipment
Total
Cost
At 1 April 2024
Additions
28.390
5,852
28.390
5.852
At 31 March 2025
34,242
34.242
Depreciation
At 1 April 2024
Charge for the year
At 31 March 2025
25.989
2,065
25,989
2,065
28,054
28,054
Nét book value
At 31 March 2025
6,188
6,188
At 31 March 2024
2,401
2,401
14 Stock
2025
2024
Stocks
1.477
2,222
15 Debtors
2025
2024
Prepayrnents
3.094
2,474
16 Creditors: amounts falling due within one year
2025
2024
Other taxation and social security
Accruals
244
1,858
2,175
2,102
2.175
Page 16

North Devon Display Gymnastics Club
Notes to the Financial Statements for the Year Ended 31 March 2025
(continued)
17 Pension and other schem88
Defined contribution pension scheme
The charity operates a defined contrlbutlon pension scheme. The pension cost charge for the year
represents contrlbutlons payable by the charity to the scheme and amounted to £497 (2024 - £408).
18 Funds
Balance at
1 Aprll
2024
Balance at
31 March
2025
Incoming Resources
resourc8S
expended
Transfers
Unrestrlcted funds
General
General Funds
61,256
128.020
(113,466)
5,978
81,788
Restrlcted funds
Bideford Town Council
National Grid
TDC - Equipment Repalr
Local Giving Magic Little
Grant
Alex Ferry Foundation
Co-op
534
1,604
600
250
(564)
(126)
220
1,478
145
(455>
385
8.214
(123)
(1,308)
(904)
(2,790)
262
1,618
(5,288)
904
11,337
1,154
(5,978)
3.723
Total funds
72,593
129,174
(116,256)
85,511
Page 17

North Devon Display Gymnastics Club
Notes to the Financial Statements for the Year Ended 31 March 2025
(continued)
Balance at
1 Aprll
2023
Balance at
31 March
2024
Incomlng Resources
resources
expended
Transfers
Unrestricted funds
General
General Funds
77,209
103,774
{121,643)
1,916
61.256
Restrlcted funds
Bideford Town CoiAncil
Bideford Bridge Trust
National Grid
TDC - Equipment Repair
Local Giving Magic 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
The purpose of the restricted funds are.
Bideford Town Council awarded the charity £1,000 in May 2019 towards training. During the year an
addttional £1,000 was received towards equipment.
Funding Agency - this grant was awarded to hire an apprentice.
Bideford Bridge Trust - this was a grant provlded for a media package to supporl tralnlng and the
display team.
Natlonal Grid - thls grant was for a hardship fund to assist families wlth costs.
Torrldge Dlstrict Council thls grant has been awarded to assist the charlty with the repair and
maintenance of equipment.
Local Giving - Magic Little Grant - this grant was given to assist the charity with a media package.
Alex Ferry Foundation - re￿iVed towards equipment and training.
Co-op fund - received towards new kit
During the year, funds have been transferred from restrlcted to unrestricted funds once the fundlng
has been utlised by the purchase of fixed assets and as a result the restrictions on tlie funds have
been fuffilled.
Page 18

North Devon Display Gymnastics Club
Notes to the Financial Statements for the Year Ended 31 March 2025
(continued)
19 Analysls of net assets botween funds
Unrestricted
funds
General
Total funds
at 31 March
2025
Restricted
funds
Tangible fixed assets
Current assets
Current liabilities
6.188
77.702
(2.102)
81,788
6,188
81,425
(2,102)
85.511
3.723
Total net assets
3,723
Unr8Stricted
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
Page 19