COMPANY REGISTRATION NUMBER: CE004808 CHARrrY REGISTRATION NUMBER: 1163781 SOUTHPORT GYMNASTICS CLUB C.I.O. Charitable Incorporated Organisation Unaudited Financial Statements 31 August 2024 Accountants Suite 201-204 Malthouse Business Park 48 Southport Road Ormskirk Lancashire L39 1QR
SOUTHPORT GYMNASTICS CLUB C.I.O. Charltable Incorporated Organlsallon Flnanclal Statements Year ended 31 August 2024 Pago Trust88s' annual report Independent examinerfs report to the trustees Statement of financial activithes {Induding income and expenditure account) Statement of financial position Notes to the financial statements 10 The followlng pages do not fomi part of th• financlal statements Detalled statement of financ581 activltles 20
SOUTHPORT GYMNASTICS CLUB C.I.O. Charitable Incorporated Organisation Trustses. Annual Report Year ended 31 August 2024 The Iwstees, are also the directors for the wrposes of company18w. present their retKJrt and the unaudiled financi81 siatements of the charity for the year eNJed 31 August 2024. Ref8rnnc• and adm1nistrnt1 dotails Reglstsrnd charity nam• SOUTHPORT GYMNAsncs CLUB C.I.O. Char5ty Tegistrntion number 1163781 Company reglstrallon number CE004808 Prlnclpal offlce and regi%tsr•d 558 Segars Lane offic• Alnsdale Southport Merseyslde PR8 3JA ErwJland Th• Iru•l•es Mr. Matthew Dothl Ms. LtsJise Fisher Ms. Angela Christian - Pyo Ms. K8ren L8wson Mts. Karen Allen Mrs. Sarah Johnson Mr. Paul Holl Mr. Jarnes Long Mr. Peter Kearon Mr. Manuel Caslinelra TgLM)elle Mr. Collln Griffilhs Mr. Joshua Chamiion (Ren 23 June 2024> (ResJned 25 September 2023) Independent •xamln•r Nigel Rees Sulle 201-204 Malthouse Bugness Park 48 Southwrt Road Omskifk Lancashlre L39 1QR
SOUTHPORT GYMNASTICS CLUB C.I.O. Charitable Incorporated Organisation Trustees, Annual Report Year ended 31 August 2024 structuro. governan and managwnont The Charity is 8 Charitsblo IrhcoryKTrted Organish)n and wverrnd by tho tom)s of its Constitution and MemorarKSum & Articlos of Association. Th8 Charity was set up by a group of gyThnasts' parents in 2015 to formalise the Parents Support Group )se role was lo fundrai88 and support events held at the gyinnastlcs club based at Segats Lane in Alnsdale. The Charity acqulred the gymnastics buslness a8 a golng concern and look over the Miershlp and management of the Gwnnasdcs club as of 18t Sèptember 2016. Trustees are recnjited. appointed. and removed from office follovlng the process as sel out In the CIO The Charltys trlee$ vKffk on o vcduntary basis for no pay or r•muneratiOn. Tho dacislon4naklng prcw.. The trustees attend regular Committee Meellng8, twld as r¢68s8ry. to det8miln6 and Impl¢m¢nt th$ 8traleglc direction and policy of tho Charity. Rlsk Management.. The iruslees have examln&J the ma straleglc. busln858. aTrJ operalon81 dsks. lCh the Charfty faces and ¢onfirm that $yom$ have been esfthh to ensure that rCeSSary Steps can be tskèn to manage thos6 Tisks. ObJoctlv•s and actlvlths The Charty8 thAecllves188 set oul kn Its Memorandum and Ardcles of A880daticffi) are.. 1. To provlde (Y as8181 kn the prov1s1 kn the Interests of social welfare for the trnefIt ol Inhabitants of Sefton and the surrwndlng are8 by the provision of fBcllit198 piCal recr8alion whh special gmpha$i$ Ibul not timi18d to in any way) on gnastiC5 and cheede8ding and to include other leisur tlm¢ oGGupalion, 9$ may trom time to lime be conspJ8red to b8 in the inter8sts of peoplè of all age8 and abllity and in particular >Ung peop, thè L)ie¢Ve of improving their health 8nd w8llb6ing and Ihoir conditlons of Iir6. 2. Tho pr¢)motion of community partiapat rn hedthy recreation for the benefit of Inhabltants of Sefton and the surroundir¥J area by ts provis•)n ol facilities for PBrticipation in gnaSticS and assocbated activrtth.
SOUTHPORT GYMNASTICS CLUB C.I.O. Charitable Incorporatsd Organisation Trnstees, Annual Report (¢tyMèw•(fj Year ended 31 August 2024 Achi•v•m•nts and rfOrnIanCQ Southport Gymnastlcs Club has continued to evolve and slrengthen tis prcrfjramme stfucture Ihroughout the ye8r. With class 0(pancY costentIY over 97% a1 a growing waiting list {currenlly at 6001 demand for our servlces remains high. Feedback from members and families has been overwhelmitYJIy FX)sftlve. reaffiming that our rnc>lel not only susiainable bul also provides our gymnasts wllh the best r)ssifie experience. Over thg ¢outso of the year. h8ve vntcomed more than 1,150 recreational gymnasts each week, along5Kle over 100 gymnasts In our comretition 9]uads. Our tumbling classes remain p8rtlcularfy popular. and we are acively exploring ways to expaThJ these sossons in response to demand. The Club has made several Important operatlonal charKJes lo enhan¢e safeguarding. Access lo the gym area is now controlled by fobs. restrictlng entry lo only those authorised. Additional safely procedures have been implemented, Indudlw a rol51 o&lon plan In the event of a major Incldent, whlch all staff are fully bdefed on. We contlnue to embed th8 RISE Programme from Brttlsh Gymnastl¢s Into ¢)ur dally actlvltles. Thls Inltialive encouraoes oymnasts lo Discover. Ewore 8ThJ Excel, and has been Ihoughlfully adapted by our programme leads to maximise eTr3agement and developmenl. Gymnasts are rewarded with ¢ertifieAtes and medals throughout the year, ensuriNJ an inclusive arKI encouraging envlronment for During tho E8sler and summer holklays. r8n gymna#lLS carnp5 open to tyjth rn8mb8Tr and non members. These were highly 5UC¢eS5ful, with over 150 ¢hildren attendiThJ each week. Camps not only provided a fun and acilve holbjay optlon tArt aL80 SUPPOrted families with a rellable and affordable chlldcare solution. We hosted several welkattended dub competlOns. wlth over 380 gymnasts partldpating In Awll across four apparatus, arKI over 350 In July on two. The events were mel wllh excellent feedback from both p8rti¢ipants 8nd parents. Plannlng for our annual Chrislmas Display Celebration beoan in August. and thls year we featured over 700 gymnasts, welcoming more than 1.500 spectators across the weekend. Our competilion squad gymnasts. who train over 15.5 houts a week, have proudly represented the Club at a variety of regional and natlonal events, includlng the Brltish Ch8mplonshlFts, English Ch8myonshirffj. and multiple Northwest competitions. Thls year, we celebrated numerous successes. Ir)cludiro alkaround Northwest champions and ir1VIdUal apparatus tleholders. Fundralsing ¢ontlnues to be a ¥tt81 part of our develoFffleni, and we extend our heartfelt thanks to everyone who contributed. Recent furKls have enabled us to purchase new pafallel bars. soft play equipment. and mattlng under beams. ensurlng our farilities rernain safe arKI of the h*ghesl quality. Looklng ahead, we are raisirwJ fund5 for additional equipment and have b8gun Wofking wrth archltecls aTrJ Gymnova on plans to redeson the PanI waitirwJ area aTrJ upJrade intemal gym Spaces. Our inclusivity programme has exparKlgJ stgnific8ntly. We have partnetBd wlth local schools supporting chlklren whh additlonal needs. currenlly h05ting four Sessions a week across three schools. These se&sions a led by fully qualified coaches and offer students a chance to engage with gymnastics in a safe and 8dapted setting. For children Nuiring extra support in regular classes, we provide additional coaching assistance whefe needed. The Club funds these provisions, reaffirming our Comment to creatlng an Induslve envlronment for all ¢hildren. regardless of ability.
SOUTHPORT GYMNASTICS CLUB C.I.O. Charitablo Incorporated Organisation Trustees. Annual Reportl¢onrfA Year ended 31 August 2024 Flnanclal rwitiw During the sar to 31st Awu8t 2024 th8 Charity gon8rat funds tolallthg £85,118. Tho cumulalfve )$lli¢)n bdances carrled f(wward frrxn FU¥ Jpars total unr8strktsd funds of £680,470. The trustees have elected lo maintain the desbgnat6on of certain funds for the Pufpose of bursades. These funds are to be usèd to subsidose fees fLV qualry gymnasts. I1$ya to ensure that the fadllty Is available to all In the o)mrnunity. Don8n$ and lundralslrKJ aL#lv6tles In the totslkd £22.397 Is a f8nta8dc achl8v8ment, and we 8re incredibly grateful to 1 the (k)r and frjndraiser. We also recelved a furthor £3,025 vla Glft Ald. so thank you to all Ihat have comrAeled a Gift Aid fomi. Sales of mercharKlise & Tea Bar were excelknt thls >ar tolal¥TrJ £48.730. W01ng anoth8r valuable Income stream for tha elub. The ¢S)nalion$ fundralskng aMntS raL8ed have 011 be acmU1atod and used to purchase rnany items ol gymnastic equlpmenL We are very grateful lo ever for 811 the fundralsiry efforts as the amounts raised ensurg thot have a super facAUty for all the gymnasts to enjoy. Pl•n• for p•rlod• Looking ahead, SoulhFKYt GyTnna$tics Club r8mn8 foSed on continuous improvement aGr0s8 all areas of the organl$8tion. A key priority is the rying r8rwal and upgrading of 8quipmonl. EnSung OUT faclitiès remain m(eM, safe. and high quality will beneffl 8vary gymnast, SuppOng both perforrnanco ar safety. We are committed to investing in equipment that enhanc88 the training experience for 811 levels. frcth beginnors to our most advanced 8thlete8. We also plan lo expand our compethNe squad8. ging m(Ke chddren the OFrthunty to trani al a hlgher level and experience thg excitement ChaInge rrf comp8titive gynnastics. This wll b8 8UPPOrted ty a continued focus on coach dovelopmen( ensuring all staff malnt8in upt041atg q{lIrIcati¢?n$ and engag8 in re9ular professlonal development to defver the best posslue training environment. Our IrKhJ8lvlty programme wil continue to orow, vith efforts to ¢1 vhlh more lo¢d schchjls Ihat support children wtth dItnal n8ed8. We 81m lo provkl8 av8n more Ung reoth with th8 chan(* to expertence gymnastics in a way that Lg fvn. 8CCeSSit4e. and talh)d to thdr ablfflles. The Club also Intend5 to Increase the number arKI ¥Ie of èvents and displays, gIng gyTnna$ts mora opportunities to pèrform and ¢818brat8 their progTess. These events foster confidence and team spirit, and we are excited lo welwme even rnore families and communlty memb8ts to share in these special ocusK)ns. In addition, we plan to host rrioTe c(xnmunity-focused evenls. further strengthening the Club's fo as 8 hub wthin the local area. These events WIN aim lo bulkj cneCtions, raise awarene85 of our woth, and bring people lother in ¢dobr8tion of our shared h)ve for Ihe 5Pf
SOUTHPORT GYMNASTICS CLUB C.I.O. Charftable Incorporatsd Organisation Trustees. Annual Report{eothN•d) Year onded 31 August 2024 Small ¢¢mpany wovl$lo This report ha8 been prepared ilh tho provbkY18 appl lo rxMnp8nles entitled to the small comp8nles exemplkn. The trustees, annual report was approved on Is /9?./.£02S.. and Sig on behalf of the board of trustee8 by. Otth8w Dodd 7fU8tse
SOUTHPORT GYMNASTICS CLUB C.I.O. Charitable Incorporated Organisatlon Independent Examinerfs Report to the Trustees of SOUTHPORT GYMNASTICS CLUB C.I.O. Year ended 31 August 2024 I report to the trustees on my examination of the finandal slatements of SOUTHPORT GYMNASTICS CLUB C.l.O. Clhe ch8kity) for Ihe year eThJed 31 Augusl 2024. Responsibilities and basis of rnport As Ihe trustees of the company (and also tts dlrecacKs for the purpjses of company law) you are responsible for the preparation of the finandal statements in acuJrfan¢e with the requlrements of the Companies Aca 2006 Ohe 201 Acl). Havlng satlsfled myself that the accounts of th8 company are not requlred to be audlted under Part 16 of the 2006 A¢X and are eligible for IndePeIent examinallon. I report in re¥ of my examination of the charity'5 4c¢ounts as carried out uTrJer section 145 of the Charities ALa 2011 (Ihe 2011 Act). In carrying out my examination I have followed ttte Dlrectlons glven by the Charity Commission under section 145(5)(b) of the 2011 A(1. Independont •xamlno¢$ stat•Mnt Slnce the ch8rlty's gros5 Income exceeded £250.000 your examlner must bè a member of a body listed in sectlon 145 of the 2011 Ad. l ¢onfim that l am qualified lo undertake the examination b8cause l am a m•mber of the Institute of Chartered Accountants in EnglaNJ and Wales (ICAEW), whlch Is one of the Ilsted kN>Jles. I have ¢ompleled my examlnatlon. I confim that no matters have coffle to my attontlon In connectlon wlth the examlnatlon glvlng me cause lo b8llwe'. 8c¢ountlrvJ records not kept In re$t of the chartty as requited by sectlon 388 of the 2006 AL*; or the Ilnanci81 st8tements do V•ilh those records; or Ihe finandal stalements do n¢A ¢omrAy with the 8ccountln9 requlremenls of section 398 of the 2006 Acl other than any ]u1ment that Ihe accounts give a Irue and f81rf view whlch Is not 8 matter cortsidered as part of an iThlepeThJent examlnallon., or the financial statemenls have not been wep1 in a¢cofd8n¢e wilh the methots and inclples of the Statement of RecAJmmended Pracllce for accounlino and porting by ¢harllles applic8tAe to charities weparing their a¢counls in 8ccordance wllh the Flnanclal Reporting Standard atWic8ble in the UK and Rewbllc of IrelaTrJ IFRS 102).
SOUTHPORT GYMNASTICS CLUB C.I.O. Charitable Incorporated Organisation Independent Examinerfs Report to the Tnffjtees of SOUTHPORT GYMNASTICS CLUB C.I.O. (e Year ended 31 August 2024 I have no cx)n¢ems aThJ have come across no other matters in wnnec*ion wtth the examln8tlon to whlch attention should be drawn in thls feport In order to enable a proper understandiTrJ of the accounts to te reached.
s Nigel Rees Indendent Examinér Sulte 201-204 Matthouse Bustness Pa 48 Southport Road Ormskirk Lonc8shlre L39 IQR
SOUTHPORT GYMNASTICS CLUB C.I.O. Charltable Incorporated Organisation Statement of Financial Actlvities {Including incoma and oxpenditure account) Year ended 31 August 2024 2024 Unrestricted funds Total fund¥ Total funds 2023 Income and endovfflnts Donations and legac$ Other in¢omlng resour$ Investment income 515,091 51,755 8.147 515,091 51.755 8.147 453,279 49,639 2.573 Total Income 574,993 574.993 505,491 Exp•ndttur• Expendrture on raising fund$= Cost of generating funds Expenditure on ch8ritabl8 actlvltlè8 Othèr expenditure Total •wndlturn 14.930 392.036 82.909 14.930 392,036 82.909 489.875 16.132 352.741 81,789 489,875 450.662 N•t lftcom• and n•t movem•nt In fvnds 85,118 85,118 54,829 RqconGlll•tlon of fund• TotBI funds brought foThYard Tot41 fvnd• uyrled foNM $40,523 595,352 680,470 680,470 The 8latement of ftn8ncid actith Indud88 all galns and kses recogn18ed In the year. All Inoyne and exPditUTe derive Irc conliNiro activitie8. The n¢Aes on Pa 10 10 18 fonn port of Ih#sè fmn¢t•l slai•m•nts.
SOUTHPORT GYMNASTICS CLUB C.I.O. Charitable Incorporated Organisation Statement of Financial Position 31 August 2024 2024 2023 Flx•d a$89ts Tanglbie fixed as88ts 463249 428,1 Current ass•l• Sto¢k$ Debtors C88h at bank and In hand 17 7.3S1 91.403 325,843 424,597 2,349 66,641 278,533 347.523 Cr•dltors: amounts falllng du• wlthln on• y Net curront assets 19 207,378 217.221 860.470 178,432 169.091 595,352 595.352 Total ui•ts less tyJrr•nt Il•bllltl•• N•t as8•ts 680.470 Funds of th• ¢harfty Unrestrlcied funds 680.470 680,470 595.352 595,352 Totsl ¢hATltyfvnd• For the yeor en¢thng 31 August 2024 thg ¢¥dty w•$ to •xwnpthx from atKIII un¢Jgr s8ctl)n 477 of th& Compan1 Act 2006 r81atlng lo Sm1 cx)mp8nie8. Dlrectorts, fe8p)n81bMIiI88'. The member8 have not requlred Ihg c(WnY to 14aln An audtt of It# finanelal 8tatem8nts for th6 r In qLwdon In accoTdwTh #edon 478: The dIrtorS acknow thelr respOnslI1b for compwg the requlrem8nts of the Act th r•gpect to aCnI receAd$ and th& pryrth offinanclal statomonts. These finan¢l81 st8lom•nts have been prnpared kn accoYdarKe wth Ihe provolon$ apF4k•bl• to ¢ompanle8 SUt4ect to the sm811 cwipanies, rwme. These flnènd81 statements vrtre apyoved by tho Lwd of tr$ and 8ulh¢ylsed ftr Issue on %/.W*..., and are on b¢haif ofts t¥)ard ty. Mr. Matthew t)odd Tnjstee
SOUTHPORT GYMNASTICS CLUB C.I.O. Charltable Incorporated Organisalion Notes to the Financial Statements Year ended 31 August 2024 Ggnaral Information The charity is a pUtlC benefit entity and a prlvale company limited by guarantee. registered in England and Wales and a registèrèd eharity in England and Was. The tdr8ss of th& règistered Offi is 5Sa Sagars Lan8, Alrd918, SoLrthport. Merstyahje. PR8 England. Stat•m•nt of ¢ompllance These fin8nclal slatements hav8 been prep8red In CrynLance wth FRS 102. The Finandal Reporting Standard applicab In the UK and the Republ of Iland,, the Statement of Recommended Practtce 8pplicable lo charilies preparing their accounts In accordBnc8 with the Financial Reporting Sland8rd 8Wicable in the UK arKI Rewbllc of Ireland IFRS 1021 (Chorities SORP IFRS 10211 and the Companies Aca 20(. Accountlng pollcl•• Ba#18 of pr•paratlon Thg finan¢io18tatem8nts have been prgporgd on the historical co81 ba8ls, as modif1 by the fwalualion of certaln financial a$88ts aThJ 1k9tieS and inveslment w0rtIeS m8asur8d al fair value through Income or gXFthJiture. The financlal stslemgnts are PTep¥ed In 8terfo, V•thlth 18 thg fvnGtlonal rrerY of the entlty. Golng con¢•rn Therè are no matertd uncert8inti8S att th8 chathys 8b51 to cmtlnue. Dl8¢Io•uT• OX•mPtlon• The 9ntlty 8atisfie5 the crlt8rla of tdro 8 qu3ng ontsty 88 dèffined In FRS 102. A$ such, No ¢ash flow statement ha8 been wesentgj for the company. Judoom•nts •rKI k•y ure of ••tlmatlon uncwlalnty The proparation ol finaryxal stateMts requlres marwment to make judgBmènts, eslimales and ossumplions that affect the 8mounts reported. These estim8te8 and judg8menl8 are contSnualty reviewed and are based on oxparience and other factors, IncludirvJ exp8c¢atlons of future evènts that are bdieved to be reasOnae under the circumstances. There aro no mal8rlal judgements. estimates or assumpknns wilhin these financ181 statemwlts. Fund a¢eountlng Unrestn'cted funds are avallable fly use at of th8 truste88 to furlhgr any th8 charftys purposes. Designated funds arg unr081r1 fuTrts earmarked by tr* trustees lor PBrticular futuro project or commitmenL Restrkte(l fvnds are subjected to resifith on Ih81r expendibjre dedared by the d(mr or Ihrough the terms of sn appeal, aThJ f8M irrto of sUa$se5.. $trteLl Incfjne funds or endowmont funds. 10
SOUTHPORT GYMNASTICS CLUB C.I.O. Charltabla Incorporated Organisation Notes to the Financial Ststements Year ended 31 August 2024 Aceountlng pollcles Incomlng reUr¢•5 l incoming resources are induded in th& statement of financial activities when gnlillement has passed lo th8 charity.. tt is probat4e that thg OnOMiC bènefits assc¢l8ted vhth the transactSon will flow to the charity and the amount be relk?bly measured. The folk)wing speafic pc4iryes 8 applled lo parti1xar categorw of inwie: income from donati¢5 ¢y grants is rÉeognlsed vA)en there Is evldence of enuuemenl lo the glft, recelpt Is probable and its omwnt can ba measured re3. IroMe is racognised recelpt b wobable am¢J entiyemenlls 8Stab118h•d. Income from donaleil gry)ds i8 measured al the falr v81ue of thg goods unl8SS this 5s Impracllc81 lo measure relk4bty, in whKh case the value Is derived Ircrfn the cost to the donor or the estimalgd resa18 value. Donated laclitles and 8CeS are recognised in Ihe accounts when received if the value can be relkgbly me8surwJ. No amounts are included for th6 contrttyjtion ol gra1 volunteers. Income from for the SUPFIY of serykx 58 recoJnised wlth tho do1Sv8ry of th8 contracted service. This 18 ¢Lq88ffiod as unreStled fund8 ue$S therè 18 8 conlr8Ctu8l requirement for il to bo spanl on a partlcular puw 8nd r8tumod if unspent, In whlch case It may bo rogard8d ay re8trictsd. Resource• •xynd•d Expendllure Is reccgnwl on an a¢c¥u818 b8818 as a Ilability15 incurr•J. EXnditr• in¢deS any VAT which cannot bg fully recovèred, and Is da881fi•l of tha statsment of financ1 activities to which It relates: expendliure on rai81ng funds ind1¢3 lh8 c081s cl al fvndralslry actI8¥. •vonts. rKJn- charitable tr8dlng a¢livlli8s. aThJ sè18 of donated gcx)ds. exFndrturo on ¢harhabl& a¢1 irKkKlgs al rA>sts Incurred by a chadty h urvjertaklng advtties that further its charllable alms for thè b8nefft of tts beneficlaries, Including those support costs and costs Telatirvj to govemance of the charity opportiontd lo charitable actlvttles. other expendlbjfe Incknles all expendre that 15 neilher relaied to ralslng fund8 for ihe charity nor of Its exp8nthlure on charable 11th. AJI costs are allted to eXP9nditure calwies refiecllng the use of the resource. Direct CO516 attrtbutable tr) a single actiw'ly are allocated direcjjy to that activity. Shared costs are appOrtfted etween the actItiOS ts)ntribule to a rea8at48. jusllfiable arKI consistent basis. Tanglble a•wt8 TangilAe assets we Inlbalty rwdgj at C05L ar subsequentty st818d at tost less any accumulated depreciation arKI impaiment bsses. Amy tangible assets carried at revalued amounts are recorded al fair value at th8 d8t8 of r8valuation less any subsequent accumulated depreciatK)n sub8equenl inpainnenl losses. 11
SOUTHPORT GYMNASTICS CLUB C.I.O. Charitable Incorporated Organlsatlon Notes to the Flnanclal Statements Year ended 31 August 2024 counting pollcles (wi T•nglble assets (¢onllfiu•• An increase kn the carrying amount of an asset as a result of a revaluation. is recnISed in other recognised goins and s. unless it reverses a charge for impaiment that has prewously been r6cognlsed as expendriure vAthin the ststemenl of financial activities. A de¢reas8 in the Car9 amount of an asset as a resu of revaluation. is reclignised In other rec{nIsed gains and 105588. except to whith it offsets any wevlous revalualion galn, In case Ihe 10s5 15 shown wlthln other recognlsed galns a1 k)s¥es on the statement of xtmtth. DeprKl8tlon Depreciation is calculated so as to 7•rrite off thg cost or Valuatk of an asset. 185$ Its re81dual v8Iug. over the useful eCOrMIC Ille of that asset a8 follow3: Freehold property Irthllations onty- straight line bas15. over 15 ye8rs. Land & buiklings- no deplatIOn has en provSded the buikling on the basls that Its resldual v8lu8 remains in excess of ¢ts ¢8rnOng value. Offlce fixture¥. ffttlng8 and 8quipmenl Gymnastics èquipment 33% redudng balwce bosis 25% roducing balance basls Imp•lrm•nt of fixod a•M¢• A review for Indic8tcKs of Impainnenl ig cried (yjl at each reporung date, wlth the recoverablg omounl Ing estim8t8d where such indic¥torn exbt. Where the c8ryng va0 excagds the recoverable 8mounl. the asset Impaire(l accdIng. Prx)r impaimients are also revlewed FQS8lble reversal at each reportirJ date. For the purp(Ises of impaimient testing. whèn it is not rM)881ble lo gstimats the recoverable amount of an irKIMdu81 asset. on estimate is made of Ihe reccwerabbe amount of the cash- generating unll lo which the asset belong$. sneratIng unil is the smallest bdentifiable group of assels that includès the asset and generatss cash inlknws thatlorydy independent of the cash Infflows from other ats or groups of assets. For Impainngnt testirYJ of goodwAI, the g00th acquired In a buslness wmblnation 18, from the acquisition date, aliocaled to each of the casWnorattrwJ unils that are expected to benefit trom the synergies of the combinalion. irrespective of whether ots assets or tl11tieS of th8 charity are assigned lo those units. stocks are measured at the kA¥8r of cost arKI esllm8led Se1j price less costs to mplate 8fKJ sell. Cost includes 811 costs of purchase. costs of rA)nv8TSKJn arKI other c4)sts incurred in bringing the stock to its present location aNI ¢))TKltb 12
SOUTHPORT GYMNASTICS CLUB C.I.O. Charitable Incorporated Organlsatlon Notes to the Flnanclal Statements Year ended 31 August 2024 Accountlng poll¢lo$ (wilirtw&) Flnanclal In8trumonts A flnancial asset w a finanal Itability 18 reo>Jni8ed onty vknen Ihe entity becomes a paty to tha contractual provisi$ of the instrumenL Basi¢ financial instruments are inlbalty reix)gnised al the amuJnt receivabl8 or poyable Including any related transaction costs, urtkns the arrangement constibjles a fmanclng transactic. where it is recognlsed at Ihe present value of the future payments thixtntod al a markel rate of inl8resl for 8 simi18r debt instrumenL Current assets arbd currant knablllJ88 are Gubseqty me•sured at the cash or other CSIderatIon oxpectad to bè paid or receTrMI 8ThJ N)t discnted. Dobl In8trJments are subsequentty me8$w¢d at amort18ed 1. Donatlon• •nd l•y¢l Unre8trlrled Totsl Fund• Unf88trlcted To181 Funds Funds 2024 Funds 2023 Donatlt)n• Donations Fundrai8irKJ ac1188 3,747 18.650 3.747 18.650 3.911 20.817 3,911 20,817 8ub•crlptlon• Mgmbgrship and other f 492.694 515.091 492,694 515,091 428,551 453,279 428.551 453,279 Oth•r Incomlng resourc•• Unrestricted Totsl Fund• Unr98tr1ctod Totsl Fund$ Funds 2024 Funds 2023 Glft ald 6o1&s of merchandise & Tea bar 3,025 48.730 3.025 48.730 51.755 3,228 46,411 49.639 3,228 46.411 51,755 49,639 Inv•¥tment Income Unr8stricied Total Fund• Unrestdcted Tot Funds FurKIs 2024 Funds 2023 Bank Interest receivablo 8.147 8.147 2.573 2,573 13
SOUTHPORT GYMNASTICS CLUB C.I.O. Charltsble Incory>orated Organlsation Notes to the Flnancial Statements Year ended 31 August 2024 Cost ol gen•rating fun Unrestrlded Funds Restricted Totsl Funds FundB 2023 Staff costs Fundraising event costs Support costs- 8slablSshm6I costs Support costs- c¢Mmmunukns arKI IT Support costs- general office Loan intsrast General exp6nGe8 9.850 2,878 1.562 248 8.994 4.046 2.298 220 145 193 236 236 14.930 16,132 Exwndlturn on charftable a¢tMdo by fund typ• Unreslflcted T4>ts1 Fund8 Unrgstrlctad Totsl Funds FurKIs 2024 Fund 2023 Gymna$lic5 club 8cUvlll8s Support COSts 362.863 29.173 392.036 362,863 29.173 310,387 42.354 310.387 42,354 392.036 352,741 352,741 Exp•ndltuY• on ch•rltabl• actlvhlw by Ktlvlty typ• livlU6s dertaken dlrecuy Suppmxt £ts Total fund• 2024 Totsl fijnd 2023 Gymnaslv Qb octivlties 362.863 29,1n 392,036 352,741 14
SOUTHPORT GYMNASTICS CLUB C.I.O. Charttsble Incowated Oryan15atlon Notes to the FlnancEal Statements (¢Wthd) Year ended 31 August 2024 10. Analys1$ d$upport¢osts RsIng Charitablt other Total Funds Total Funds Funds ActsvIl Expen¢lbJre 2024 2023 Support Costs Premlses costs Cornmunication8 and IT Gen8ral office 28.122 31.912 4,958 3,129 39.999 47,472 4,400 2.973 156 555 2,418 8.859 1.967 29.173 54,845 Support sts are apportlonod a¢r088 th• three eXpenthre ¢attrgtsrie8 In the foll0vn9 percentages:_ Pr¥ml$es Qosts Communlcations and IT General offKe 90 10 85 90 11. othor •xp•ndltur• Unre$trlcted Total Fund• Unre8trlcted Total Fund8 Fun 2024 Funds 2023 Stsff costs Bdt4$h Gymn¢8 member8hlp It*8 Insurance Support ¢osts . estsbliBhment ¢08ts Support costs - communication5 and IT Support Costs - general office Accountancy and payroll tharges Prolessional lees Bank charges Loan interest Bad debts Depredation 52.910 1,901 6,720 2,227 4.214 2.418 4,212 1.914 2,910 52.910 1.901 6.720 2.227 4.214 2,418 4.212 1,914 2.910 52.808 1.692 7,476 3.808 3.773 52,808 1,692 7,478 3,808 3,773 2,228 4,075 4,075 2,585 193 346 2,807 81,789 2,58S 193 723 2.760 82.909 723 2,780 2,807 81.789 82,909 12. Net incom• Net InMme18 stated after ¢har¥in{CrOdItin9)". 2024 2023 Depreciation of tandble fixed asset8 22.184 16,508
SOUTHPORT GYMNASTICS CLUB C.I.O. Charltable Incorporated Organisation Notes to the Financial Statements Year ended 31 August 2024 13. Ind•p•ndent examlnatlon fees Fees payatle to the independent examlnor for. 2024 2023 Indewndont examlnatlon of ts finanGvl ststements Olher services 3,120 1.092 3,120 955 4,212 4,075 14. Slaff costs The tolal staff Gosts and ¢mpw b8r*fts for the rewung perM)J are 8nW as follows:. 2024 2023 333,261 281,456 12,486 8,974 4.785 3,605 Wages and sal8rS88 Employers fiaonal Insurance Pènsion costs 350,532 294,035 15. Tru¥tw r•mun•r•tlon and •xp•nM• The Trustees neither reGeNed nor waived any emoluments during the ftn8nryal yaar lo 31 August 202412023 - £nill. Th8re re relmtrMJrsemenl of expenses made to Trustees In the financial yeor to 31 August 2024 (2023- £n). 16. T•figlbl• flx•d aJ••t• Flxtyr95 and fittiTrds prop8ty Equlpment Totsl Co•t Al 1 September 2023 Ad(JMlons 2,196 96,310 59,173 496.714 59.173 At 31 August 2024 Depreclatlon Al 1 September 2023 Charge for the year At 31 August 2024 Carrylng amount At 31 August 2024 At 31 ALUSt 2023 2,196 155.483 555.887 13.330 1.913 55,210 19,424 70,453 22,185 15.996 74,634 92,638 382.212 80,849 41,100 463,249 426,261 384.878 283 16
SOUTHPORT GYMNASTICS CLUB C.I.O. Charitable Incorporatod OrganI&10n Notes to the Financlal Ststements reon Year ended 31 August 2024 17. Stocks 2024 2023 Firushed gctds and goods resale 7,351 2,349 18. Debtorn 2024 2023 Trade debtors Prepayments and accrued IrK>)me Other debtors 86,890 1,488 3,025 91,403 63,292 121 3.228 68,641 19. Cr•dltorJ: amount• 18lllng du• w5thln one year 2024 2023 Trade cred018 Accruals and d8farred income Soclal security and Otr tsxes Other credhors 15.687 155,778 8.259 27,652 207,378 6,798 141,978 7,263 22,393 178,432 InclLthd In abov6 creditors Is d8ferred Income rel8tsro to fw8 Involced in advance for the Sept4Jec 2024 lemi 152,(h)1 137.252 20. Analy•l* of charltablè fund8 1 Sep 2023 Ino)me Expendrture ISJ4.5681 (574,993) 489.875 (784 1595.352) (574,993) Tran8fw8 31 Aug 24 1679.6861 17841 (680,4701 Gengral funds Bursary fvnd 489.875 17
SOUTHPORT GYMNASTICS CLUB C.I.O. Charltablo Incorporated Organisation Notss to the Financial Ststements (e Year ended 31 August 2024 21. Analys1¥ of net amets between funds Unrestrictèd Totsl Funds Funds 2024 TarwJlbl8 fixed assets Current assets Creditors1888 than 1 year 483.249 463,249 424.597 424,597 1207.3761 (207,3761 680,470 680,470 Unffj$lrlcted Totsl Funds Funds 2023 Tanglble fixed a&8ets Current assets Credbtor81883 than 1 swr Not a•••ts 426.261 426,261 347,523 347.523 {178.4321 (178.4321 595.352 595,352 22. Rolated parti Matthew Dodd, Paul Hc41 and Karan Lth0n have Seryed 88 Tru$leg¥ of th& d)aty durlng tr year and each of them ha$ on¢ or more f8mly members arg pald •mployee8 of the dub. Those family mambers ar8 pakl at the same rate as 811 other employees in similar rol88. 18
SOUTHPORT GYMNASTICS CLUB C.I.O. Charltable Incorporated Organisation Management Infomiatlon Year ended 31 August 2024 Th• followlng p•u•• do nol forni part of th• tln•ndal •t•tsm•nt•. 19
SOUTHPORT GYMNASTICS CLUB C.I.O. Charitable Incorporated OrganI&10n Detslled Ststement of Flnanclal Acllvllles Year ended 31 August 2024 2023 Income and endowments Oonatlons and lègael•s DonatKJns FundraisSng actlwlles MembershSp and other fees 3,747 18.650 492.694 3,911 20,817 428,551 515,091 453,279 other IomIng r•sourc GSft aid Sales of m8rchandlse & Tea bar 3.025 48.730 51.755 3,228 46.411 49,639 Investment Incom• Bank Interest recelvab 8,147 2.573 Total In¢om• 574.993 505,491
SOUTHPORT GYMNASTICS CLUB C.I.O. Charitable Incorporated Organisation Detsiled Statement of Flnanclal Actmlles Year ended 31 August 2024 2024 2023 Expendlture Cogt of g•n•ratlng funds Wages 8nd s81ari88 Other office cosls Establishment costs Communications ond IT General Office Fundralslng event CC&8ts Loan Interest 9.850 236 1,562 248 156 2.878 236 2,298 220 145 4,046 193 14.930 16.132 Exp•ndllur• on charltabl• actlvltl• Purthasos Wages and sal8rie8 Rates 8nd water Llght and heat Repalrs and m8lnlen8n¢e Other est8bllshment Motor vehlde expenses Telephone Other office costs D8precialion Interest on bank loans and overdrafts Gym a¢tivty $n¢J ¢cnpalIl ¢08ts 31.165 287.772 5.459 18,603 4,768 3,874 5,727 265 31,938 232,233 6,591 25.156 11,233 3,013 4,914 195 581 13.701 3,470 19,716 352.741 19,424 14,424 392.036 Other XndItur Staff costs British Gymna8tics membersh4) f888 Insurance Support costs- e8taillshmenl ccts Support costs- Communications 8TrJ rr Support C05ts- gera1 office Accountancy and payrol chargeg Professional f888 Bank charges Loan int8r8St Bad debts DeprKial)n 52,910 52,808 1,692 7,476 3,808 3,773 2,226 4,075 6,720 2.227 4.214 2,418 4,212 1,914 2,910 2,58S 193 346 2.807 723 2,760 82.9)9 81,789 21
SOUTHPORT GYMNASTICS CLUB C.I.O. Charflable Incorporated Organlsatlon Detailed Statement of Financial Activities Year ended 31 August 2024 2023 Total exp•ndrturg 489.875 450.662 Nel Incomo 85,118 54,829