REGisfERED COMPANY NUMBER: 08664338 (England and Wales) REGISTERED CHARrrY NUMBER: 1168497 Unaudited Financial Statements for the Y•ar Ended 31 October 2023 Erewash Valley Gymnastks Club Ltd Clayton & Brewill Chartered Accountants Cawley House 149-155 Canal Street Notb"ngham Nottinghamshire NGI 7HR erew•8h Valley Gymnastks aub Ltd Contents of the Financial Statements for the year ended 31 October 2023 Pa9e Report of th• Trnstw• I to 3 Independent Exarnlner's Report stat¢m¢nt gf Fln•ndal Actmtles Balance Sheet Cash Flow Ststement Notes to the Cash Fk>w Statem•nt Notes to the Flnandal Statements 9 to 15 Detailed Statom•nt al Financial A¢tlvltles 16 to 17 Erewash Valley Gymnastlcs Club Ltd Report of the Trustees for the ye•r ended 31 October 2023 The trustees who are also direttors of the charoty for the purposes of the Companie5 Act 2006, present thebr report with the financlal statements of the charity for the year ended 31 October 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland (FR5 102) (effecttve l January 2019). OBJECTIVES AND AcThmES ObJ¢rtlves and alms The charity's objecty.ve is the promotion of communty partiopation in healthy recreats'on for the benefit of the inhabitants of Erewash and the 5urn)unding area. by the provisron of facilrties and coaching for gymnastics. Our Vision We want to make EVGC a centre of excellence for all abilities and to unlock every individual's potential. To facilitate a diverse range of gymnastics and swrtin9 activfcies. We wènt to bring the fun and benefits of gyrnnastics to everyone in our community. Public 8en•fit The trustees confirm that they have referred to the Charity CoMmi￿10n gU￿an￿ on public benefit and meet the guidelines through the charity's aim and objectives and in planning future actlvltles in the provi51on of gymna5tyc artivities. EVGC operate5 over two sites and we aim to allow as many drfferent people and organisations to use the facilitles. We want to encourage more people to get and remain active as Sport participatw has a positive impact on health and wellbeing. Our airn is to provide fitness, fvn and friendship at an afftirdable price. offering places to all regardle55 of age, ability or economic orcumstsnces. To thls end we offer sessions from under Ss tots SeS￿On to adults, recreational level gymnastics to an elite squad training programme. We also have additional faalities of meeting spates and café area for Organ￿￿tionS and individuals to meet and S￿[aliSe which a￿ open to all. EVGC offer space to other swrts clubs. including providin9 a permanent home to a local boxing dub ILEABCI. srRATEGIC REPORT Achlevement and perforniance Charitable artlvltles The charity's mission is to offer gymnastr.cs for all by delivering a range of different opportunities to participate in the gym. These include: Preschool session. age related fun recreational level gymnastits sessions to squad level training. school holiday fijn days. festrvals, carnival and external event participation, internal badge Scheme. home sch￿1 sessions. child￿n,$ part￿, freestyle and adults. We adapt our offer regularly to ena￿e as rnany oryanisational and indtviduals to participate and use the facility as possible. EVGC operates 2 sites and we are continuing to expand and develop our bulldlng. equipment and session to allow more people to participate. September 2023 saw EVGC move into temporary p￿miseS in Long Eaton whilst the site is demolished and rebuilt to athieve futu￿ growth. Flnandal revlew Finanoal positio Overall income increased from £600,189 in 2022 to £633,575 in 2023 and expenditure increased during the year from £666,054 in 2022 to £691,010 in 2023. The charity made a deficit of £57.435 (2022:£65.866 defKJt) for the year to 31st October 2023. Page I Erew•sh Valley Gymnast1¢5 Club Ltd Report of the Trustees for the year ended 31 October 2023 STRATEGIC REPORT Flnanaal review Reserves policy The charity has a policy for its ￿erVeS that we tsrget to hold enough cash reserves for two month fixed running costs and spetifK taryets for the EVGC expansion project and for cydical replacement of gymnastics krt. Cover running costs and Unfo￿5￿ emeryency Income 15 seasonal and can drop off in July and December so to support the operational requlrement of seasonalty we aim to have 2 months fixed costs as a reserve. Equipment replacement costs - Gymnastics equhpment is cosvy and requires a cycllcal ￿plaCernent program EVGC w511 look to ￿ace £l.000 per month frorn income into re5eNes to facilitate this replacement in the coming year {there will be expendrture also in year) with a view to continuing to build this pot to replace equipment as required. As at 31 Ottober 2023 the charity had re5erve5 of E218.392 (2022: £IIS,494). srRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by ts governing d¢xument. a deed of trust, and constitutes a Ilmlted companyi limited by guarantee. as defined by the Companies Art 2006. The charity is govemed by its Mernorandum and Artides of Assoo"ation dated 27 August 2013. and amended by special resolution on 27 June 2016. Recrultment and appolntment of new truste The minimum number of dirertors shall be three but is not subject to any maximum. Dlrectors / Trustees are appointed by ordinary resolution either by: Appointment by other Dirertors l Trustees Appointment at an AGM EVGC Directors / Trustees are usually ￿ruited by local advertising and recommendation, expresslon of Interests are submitted and these are voted on. Oryanlsatlonal structure Erewash Valley Gymnastics Club is managed by a Board of Directors who a￿ trustees to the Charity. Our Directors are volunteers who give of their time freely to the dub. Their role Is to develop the strategy for EVGC, ensuring charity assets are managed and to support the dub management team in the operational management of the dub. Each Director has a speufic area of the dub that they support based on the skilks they brlng to the dub and each area has a lead director and a support director, this is mirrored in the club where these areas are assigned to the management and full time staff to ensure we maintain fO￿S on the key area5 whlch are: HR, Finance. H&S. Welfare, Classe5, Fundra&"ng. Business planning. Markth"ng, Insuran￿ and Community. Directors meet once a month for an offiaal board meeting but often get involved wtth events and projertS running within the club. EVGC has five director5 and is currently looking to expand our board with other like-minded people who can expand our expertise wfchin this nbche business. Day to day running of the charity is desi9nated to the management team. Endu¢th)n and training of n•w tyustees The Directors l Trustees meet formally monthly. New trustee5 are encouraged to familiarise themselves wlth charity laws. the financial reports of the dub and to attend stsff meetings and events to gain knowledge of the operaty.onal W0￿1n9S of the club. Page 2 Erewash Valley Gymnastig Qub Ltd Report of the Trustees for the year ended 31 October 2023 REFERENCE AND ADMINisfRATIVÉ DEfAILS Re9lstered Company number 08664338 (England and Wale5) Registered Charlty numb 1168497 Reglstered offlc¢ Hallam Fields Road Ilkeston Derbyshire DE7 4AZ Mrs M S Marshall Mrs R C Harbey Mrs K M Kearns Mrs J Dixon {re5igned l. 1.2023) S Chaston (resigned 1.8.2023) Mrs J Nicklin (appointed 20.3.2024) P Willott (appointed 20.3.2024) Mrs R C Harbey Ind•p•nd•nt Examln Douglas Pery Clayton & Brewill Chartered Accountants Cawley House 149-155 Canal Street Nottingham Nottinghamshire NGI 7HR Report of the trustees, incorporating a strategie report, approved by order of the board of trustee5, as the company directors, on ............................................. and signed on the board's behalf by: Mrs M S Marshall - Trustee Page 3 Independent ExJmlner's Report to the Trustea of Erewash Valley Gymnastlcs Club Ltd Independent examlner's report to trustees of Er•w•sh V•ll•y Gymnastl¢s Club Ltd ('the Comyny.) I report to the charity trustees on my examination of the acc(yJnts of the Company for the year ended 31 Ottober 2023. R•sponslbllltles and basis of report As the charity's tnjstees of the Company (and also ts directors for the purp)ses cl company law) you are responsible for the preparats.on of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Art'l. Having satisfied myself that the accounts of the Company are not requlred to be audited under Part 16 of the 2006 Art and are eligible for independent examinab"on. I report in ￿spett of my examination of your charity's accounts as carried out under Seth"on 145 of the Charity"es Act 2011 ('the 2011 Art,). In carrying out my examination I have followed the Dirertions given by the Charity Commission under SertTron 145(5) Ib) of the 2011 Act. Ind•pendent examlner's stateM￿t Since your charity's gross income exceeded E250,000 your examiner must be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wale5, which is one of the listed bodies. I have completed my examination. I confim that no matters have come to my attention in connertion with the examination giving me cause to believe- accounting records were not kept in respert