REGISTERED COMPANY NUMBER: 08664338 (England and Wales) REGZSTERED CHARITY NIIMBEIL. 1168497 Un4udlt•d Flnandal Statern•nts for th• Yr Ended 31 Othb•r 2024 for Er•w••h Vall•y Gymn••tlc• Club Ltd •AE7T)QLF• 2910712025 COMPANIÉS HOUSE A07 Clayton & Drewlll Chartered Accountants Cawley House 149-155 Canal Street Nottlngham Nownghamshlre NGI 7HR
Erewash Valley Gymnastla Ltd Contonts of the Flnandal Stat•m•nts for the ye4r ended 310(tobw 2024 Pag• R•port of the TN•t• I to 3 Xndepend•nt Examln•V• R•port Stateni•nt of Flnanclal Adlvltl B•l•nc• Sh••t Ca•h Fknl Stat•m•nt Note• to th• C•gh Flvw St•t¢m•nt Noto• to th• Flnanclal St•t•m•n 9 to 14 D•t•ll•d aAm•nt ol A1•• Artlvltl•• 15 to 16
Erewash Valley Gymnastic4 Club Ltd Report of the Tru*te•s for the year ended 31 October 2024 The trustees who are also dlrertOf5 of the charlty for the purposes of the Companles Act 2006. present their report with the flnanclal statements of the charity fr)r the year ended 31 October 2024. The trustees have adopted the provlslons of Accountlng and Reporting by Charttles: Statement of Recommended Prartlce appllcable to charltles preparing thelr accounts In accordance with the Flnancial Reportlng stsndard appllcable In the UK and Republk of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND AcllviTXES ObJedlvoB and alms The charlty's objectlve Is the promOOn of communty participauon In healthy recreatlon for the benefit of the Inhabltants of Erewa5h and the surroundlng area, by the prov151on of facllltles and coachlng for gymna5tks. Our Vislon We want to mak• EVGC a eentre of ex¢ellknc• ftir all abllltles and to unlock every Indlvldual's potontlal. To facllltste a dlverse range of gymnastks and sportlng actlvltles. We want to brlng the fun and beneflts of gyrnnastlcs to everyone In our cornfflunlty. Publ1¢ B•n•fit The trustees confirm that they have referred to the Charity CommSsslon gUIdan on publlc benefit and meet the guldellnes through the charlty's alm and obJeLtlves and In plannlng fvture artlvltles In the provlslon of gymnastlc actlvltles. EVGC operates over two sltes and we alm to allow as many dlfferent people and organlsatlons to use the racllltles. We want to encourage more people to get ana remain actlve as sport partlcipatlon has a posltlve ImpaLt on health and wellbelng. Our alm ts to provlde fltness, fun and filen(tshlp at an affordable prlce, offerlng places to all regardless of age, ablllty or economic drtumstances. To thls end we offer se55k)ns from under 5's tots sesslon to adults, recreatlonal level gymnastlcs to an ellte squad tralnlng prograrnme, We also have addltlonal fadlltles of meetlng spaces and café area for organlsatlons and Sndlvlduals to meet and soclallse whlch are open to all. EVGC offer space to other sports clubs, Indudlng provldlng a pennanefit home to a local boxlng club (LEABC). STRATEGIC REPORT AthlevenKnt and performance Charitable •ctivltie• The chadty's mlsslon Is to offer gymna5Ucs for all by dellverlng a range of dlfferent opportunlt105 to partlclpate Sn the gym. These Includg; Preschool sesslon, age related fun recreatlonal level gymnastl(s sesslons to squad level tralnlng, school hollday fun days, festlvals, camlval and external event partlclpatlon, Internal badge scheme, home school se5S1ons: chlldren's partles, freestyle and adults. We adapt our offer regularly to enable as many organlsatlonal and Indlvlduals to partldpate and use the faclllty as posslble. EVGC operates 2 slte5 and we are contlnulng to expand and develop our building, equipment and sesslon to allow more people to partlcipate. EVGC moved back to Its home In Long Eaton In September 2024 after 12 months In temporary accommodatlon whllst our old home was demollshed and rebullt. Our plans movlng forwards are to open more space5 for gymnasts to partlclpate. Financlal revlew Flnanclal positlon Overall Income increased from £633.575 In 2023 to £639, 164 In 2024 and expendlture decreased durlng the year from £691,010 in 2023 to £695,565 in 2024. The charlty mad• a doficlt of £56,401 (2023.'£57,435 denclt) for the year to 31st October 2024. Page I
Erewajh V•lley GYmn••t1 Club Ltd R•port of th• Trugte4s for the year ondgd 31 October 2024 STrATEGIC REPORT Flftanclal revlew R•serv•B pollcv The charity has a pollcy for Its reserves that we target to hold enough cash re5erve5 fi)r two month nxed runnlng costs and specfflc targets for the EVGC expansion project and for cycllcal replacement of gymnastics klt. Cover ntnning costs and unforeseen emergency Income Is seasonal and can dn)p off In July and Defflber so to support the operauonal requlrement of seasonallty we alm to have 2 months fixed costs as a reserve. Equipment replarnent costs Gymnasucs equipfflent Is costly and requlres a cydjcal replacement program EVGC wlll look to Plao £1,000 per month from Income Into reserves to facllltate thls replacement lft the comlng year (there wlll be expend5ture also In year) wlth a ylew to contlnulno to bulld thls pot to replace equlpment as requlred. As at 31 October 2024 the charlty had reserves of É1,658 (2023: £58,059). STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The charlty Is controlled by its governlng document, a deed of trus¢ and constitAltes a limited company. Ilmlted by guarantee, as deflned by the Cornpanles Act 2006. The charlty Is govemed by Its Memorandum and Artlcles of Assoclatlon dated 27 August 2013, and amended by speclal resolutlon on 27 June 2016. Recrultment and appolntment of new trustee The mlnSmum number of dlrectots shall be three but Is not subjert to any maxlmum. Dlrectors l Trustees are appolnted by ordlnary resolution elther by: Appolntsnent by ether Dlrertors / Trustaes Appolntmant at an AGM EVGC Dlrectors l Trustees are usually recrulted by local advertlslng and recommendatlon, expresslon of Interests are submltted and these are voted on. Org•nl•atlon•l Atructsr• Erewash Valley Gymnastlcs aub Is managed by a Board of Dlrectors who are trustees to the Charfty. Our Dlrettors are volunteers who glve of thelr tlme freely to the dub. Thelr role Is to develop the strategy for EVGC, ensuring chartty assets are managed and to support the club management team In the operatlonal managemant of the ¢lub. Each Dlrector has a speclflc area of the club that they support based on the 5kllls they brlng to the club and each area has a lead dlrector and a support dlrector, thls Is mlrrored In the club where these areas are asslgned to the management and full tlme staff to ensure we malntaln focus on the key areas whlch are.. HR, Flnance. H&S. Welfare, Classes, Fundralslng, Buslness plannlng, Marketlngi Insurance and Community. Dlrectors meet once a month ft•r an offlclal board meetlng but often get Involved wlth events and projects runnlng wlthln the club. EVGC has five dlrectors and Is currently looklna to expand our board wlth other Ilke-mlnded people who can expand our expertlse wlthln thls nlche bUne$S. Day to day running of the charlty is de51gnated to th¢ managernent team. Xnductlon and tralning Of new tru$te•s The Dlrettors / Trustees meet fomially monthly. New trustees are encouraged to famiiiarise themselves wlth charlty law5, the flnanclal reports of the club and to attend staff meetings and events to galn knowledge of the operatlonal worklngs of the club. Page 2
Er•wash Valley Gymnajtks aub Ltd R•pr•rt •f Trusteas for the year ended 31 OCtor 2024 REFERIMCE AND ADMJNisfiiATIVe DETAILS Reglst•red Company number 08664338 (England and Wales) Reglstered Charlty number 1168497 Re9lst•roO offlca Hallam Flelds Road Ilkeston Derby5hlre DE7 4AZ TNste•• Mrs M S Marshall Mrs R C Harbey Mrs K M Kearns Mrs J Nlcklln (appolnted 20.3.2024) P Wlllott (appolnted 20.3.2024) Company Se¢retsry Mrs R C Hafbey Independent examln•r Dougla5 Perry FCA Clayton & Brewlll Chartered Accountants Cawlay House 149-155 Canal Street Nottingham Nottlnghamshlre NGI 7HR Report of the trustees, Inco the company dlrectors, on .... port, approved by order of the board of trustees, as and slgned on the Ixkird's behalf by: Mrs M S Marshall - Trustee Page 3
Independent ExamineVs Rwirt to the Tivsttts of Erewash Valley Gymnagtl(3 aub Ltd Independent examiner's report t• the trugtees of Ernwajh Valley Gyrnnasda Club Ltd ('the Compan) I report to thè tharity trnstees on my examhnatlon of the accoynts of the Company for the year &nded 31 October 2024. ResponglbilltI and ba•ls of report As the charlty's trustees of the Company (and also Its dlrectors for the purpose5 of company law) you are responsible for the preparatlon of the accounts in accordance wlth the requlrements of the Companles Act 2006 ('the 2006 Art,). Havlng satlsfied myself that the accounts of the Company are not requlred to be audlted under Part 16 of the 2006 Act and are ell9lble for Independent eXamInatn, I report In respect of my examlnatlon of Y(r charity's accounts as carrled out under Sectlon 145 of the Charltles Art 2011 ('the 2011 Acr). In carrylng out my examlnatlon I have followed the Dlrectlons glven by the Charity Commlsston under Section 145(5) (b) of the 2011 Act. ZqdepepdeA. £YamIn•9 gtatemtnt sIn your charlty's gross income exceeded £250,000 your examlner Must be a member of a Ilste£l body. I can confirm that l am quallfleo to undertake the examlnatlon because I arn a member of the Instltute of Chartered Accountants In England and Walos, whkhls one of the Ilsted bodlas. I have completed my examlnatlon. I confirm that no matter5 have come to my attentlon In nneCtIOn wlth the examlnatlon glvlng me cause to belleve: accountlng records were not kept In re5pert of the Company as requlred by Sectlon 386 of th• 2006 Att. or the accounts do not accord wlth those records: or the accounts do not comply wlth the accountlng requlrements of Sectlon 396 of the 2006 Art other than any requlrement that the accounts glve a true and falr view whlch Is not a matter consldered as part of an Independent examlnation; or the accounts have not been prepared In accordance wlth the methods and prlndple5 of the statement of Recommended Practlce ft)r accountlng and reportlng by charltles (appllcable to charltles preparlng thelr accounts In accordance wlth the Flnandal Reporting Standard appllcable In the UK and Republlc of Ireland (FRS 102)). I have no concerns and have come across no other matter6 In conneLtlon wlth the examlnatlon to whlch attentlon should be drawn In thls report In order to enable a proper understandlng of the accounts to be reached. Douglas Perry FCA aayton & Br•wlll Chartered Accountants cawley House 149-155 Canal Street Nrttlngham Nottlnghamshlre NGI 7HR Page 4
Erewash V•ll•y Gymnastlc• Club Ltd Statement of Flnanclal Actlvltles (In¢orporatlng an Income and Expendltsre Account) for th• year end•d 31 October 2024 2024 Total funds 2023 Total funds Unrestrlrted Re5trlcted funds fund Notes INCOME AND ENDOWMENTS FROM l)onations and legacies (262) (262) 3.903 Charftabk athltles General 518,572 518,572 527,636 Other tradlng actlvltles Investment Income Other income 75,774 172 44,908 75,774 172 44,908 65.079 161 36.796 Tot•1 639,164 639,164 633,575 expEMDrruRE ON Ralslng fijnds 16,505 16,505 9,108 Ch•rlt•ble •ctlvltl•• General Restrjcted 659,685 659,685 605,497 1,405 Other 19,37S 19,375 7S,000 Total 695,565 695,565 691,010 NET INCOME/(tXPENDrnIRE) Transfers between funds (56,401) 17,086 (56,401) (57,435) 16 {17,086) N•t movement In funds (39,31S) (17,086) (56,401) (57,435) AEC014CILIATION OF FUNDS Total funds brought forward 40,973 17.086 58,059 115,494 TOTAL FUNDS CARRXED FORWARD 1,658 1,658 S8,059 The notes fom part of these flnandal statements Page 5
Erewash Vall Gymnagtlcs Club Ltd Balantt Sheet 31 October 2024 2024 Total fijnds 2023 Total funds Unrestrlcted Restrlcted funds fund FIXED ASSETS Tanglble assets 13 10,622 10.622 2,851 CURRENT ASSETS Debtors Cash at bank 14 4,986 45,604 4,986 45,604 52,121 34,504 50,590 50,590 86,625 CReoThoRS Amounts falllng due wlthln one year 15 (59,554) (59,554) (31,417) NEf CURRErif ASSETS (8,964) {8,964) 55.208 TOTAL ASSEfs LESS CURRENT UABILITIES 1,658 1,658 58,059 NET ASSErs 1,658 1,658 58,OS9 FUNDS UnrestrlLted fvnds Restrlcted funds 16 1,658 40,973 17,086 TOTAL FUNDS 1,658 58,059 The tharltable company Is entitled to exemptlon from audlt under Sertlon 477 of the Companles Act 2006 for the year ended 31 October 2024. The members have not requlred the c¢)mpany to ¢)btain an audlt of Its fbnandal statements for the year ended 31 Othber 2024 In accordance wlth Sectlon 476 of the Companles Act 2006. The trustees acknowledge thelr rnsp0nslbiieS for (a) ensurfng that the charltable c¢rnpany keeps account14 records that comply wth SeLtlons 386 and 387 of the Companles Act 2006 and (b) preparfng flnancial statements wh1¢* glve a tnie and falr vlew of the state of affalrs of the charltable company as at the end of each flnandal year and of Its surplus or deficlt for each flnaadal year In accordance wlth the requlrements of Sectlons 394 and 395 and whlch otherwlse comply wlth the requlrements of the Companies Art 2006 relan9 to finandal ststements, so far as appllcable to the charltable cornpany. The flnarKlal tatements weo approved by the Board of Trustees and authort5ed for ts5ue on Q.lS and were 51gned on Its behalf by:. M S Marshall - Trustee The note5 form part of.these financlal statements Page 6
Erowash Valley Gymnastlcs Club Ltd Cash Flow St4temffjt for the year ended 31 October 2024 2024 2023 Notes Cash flow• from operatlng actlvltles Cash generated from operatlons Interest Pald 45,545 (18,511) (9,82 1) Net cash provlded byl(used In) oper4tlng acuvltles 27,034 (9,821) Cash flows from Invejtlng activitlej Purchase of tanglble flxed assets Sale of tanglble flxed assets (15,934) (4,277) 977,363 Net cash (used In)/wovlded by Investlng actfvltles (15,934) 973,086 Cash flow6 from flnanclng •ctlvltl Loan repayments In year (961,884) Net cash provlded byl(used In) flnanclng avItIeS (961,884) Change In c•sh and ca•h equlvalonts In the reportlng perlod Cash and cash equlvalents at the beglnnlng of the rnportlng perlod 11,100 1,381 34,504 33,123 Cash and cash equlvalents at the end of the reportlng p•rlod 45,604 34,504 The notes form part of these financlal statements Page 7
Erewash Valley Gymna•tk8 Club Ltd Note• to the Ca•h Flow St•t•m•nt for th¢ year ended 31 October 2024 RECONCIUATXON OF PIET EXPENDifvAE TO NET CASH FLOW FROM OPERATING AcrnimES 2024 2023 Net expendlture for thè reportlng perlod (as per the Statement of Flnandal Actlvltles) Adjustments lor: Depreclatlon charyes Loss on dtsposal of flxed assets Interest pald Decrease/(In¢rease) In debtors Increase/(decrease) In credlto (56,401) (57,435) 8,163 35,851 64.975 18,511 47,135 28,137 (50,191) (3,021) Nat a•h provld•d by/(uMd In) 0ratIOnS 45,545 (9.821) ANALYSIS OF CHANGES XN NEf FUNDS At 1.11.23 Cash flow At 31.10.24 Net cash Cash at bank 34,$04 ii,ioo 34,504 ii,ioo Total 34,504 11,100 The notes form part of these flnancial ststements page 8
Erewash Valley Gymnastks aub Ltd Noteg to the Flnanclal Statement• ft•r the year end 31 O¢tob•r 2024 ACCOUNTING POLICIES Ba•1$ •f pY•parlng th• flnanclal stat•m•nts The flnanclal statements of the charltable companyi whlth Is a publlc benefft entlty under FRS 102, have been prepared In accordance wlth the Charltles SORP {FRS 102) 'Accountlng and Reportlng by Charitles: Statement of Recommended Practi appllcable to charltles preparlng thelr accounts In accordance wlth the Flnanclal Reportlng standard appllcabie In the UK and Republlc of Ireland (FRS 102) (effectlve l January 2019),, Flnanclal Reportlng Standard 102 The Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland, and the Companles Act 2006. The flnanclal statements have been prepared under the hlstodcal cost conventlon. Income All Income Is rec¢9nlsed In the Ststement of Flnanclal Actlvlties once the charlty has entitlement tc the funds, It Is probable that th• Income wlll b¢ rec•lved and the amount can be m•asured rellably. Exp•ndltsrn Llabllltles are recognlsed a5 expenolture as 500n as there Is a legal or constructlve obllgatlon committing the charty to that expendlture. It Is probable that a transfer of economlc beneflts wlll be required In settlement and the amount of the obligation can be measured rellably. Expendlture Is accounted for on an accruals basls and has been dasslfled under headln9s that aggregate all C05t related to the category. Where costs cannot be dlrectly attrlbuted to p)rtyrJJlar headlngs they have been allocated to actlvltles on a bas15 conslstent wlth the use of resources. T•n9lble flxed a••ets Depredatyon Is pmvlded at the followlng annual rates In order to wrlte off each asset over Its estlmated useful Ilfe. Flxtures and fittln95 33% on cost Tax•tlon The charlty15 exempt from corporatlon tax on Rs charltsble actlvltles., Fund accountlng Unrestrlcted funds can be used In accordance wlth the Chafitable objectlves at the dlscretion of the trustoas. Restrlcted funds can only be used for Paffjcuiar restrfcted purpose5 wlthln the objerts of the charlty. Restrlctlors arlse when speclfled by the donor or when funds are ralsed for partlcular restrlcted purposes. Furth•f •KPlanatlon of the naturn and purpose of each fttnd Is Induded In the not•s to the nnanclal statements. Mlrn purchase and lea•lng commltments Rentals pald under operatlng leases are charged to the Statement of Flnanclal Artlvltles on a stralght Ilne basls over the perlod of the lease. Penslon costs and other post-retlrement benef The charltable company operates a deflned contrlbution penslon scheme. Contributlons payable to the charitable company's penslon scheme are charged to the Statement of Flnanclal Actlvltles I the perlod to whlch they relate. Company gtatu• The chartty Is a cornpany limited ty guarantee. In the event of the company being w¢)und Upi the liability of each member is Ilmited to £10 as defined by the artlcles of assodation. Page 9 continual...
Er•wash Vallay Gymnastla Club Ltd Notes to the Flnandal Statements". conunued for the year ended 31 October 2024 DONATIONS AND LEGAaES 2024 Donatlons (262) (yrHER TRADING ACTivmES 2024 2023 Fundralslng events Shop Incorne 35,264 40.510 28,251 36,828 75,774 65,079 INVESTMENT INCOME 2024 Interest Recelved 172 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Actlvlty General Fees Donated servlces & fadlltles Room hlre Awards Grants 421,523 437,894 General General General General 46,836 30,160 2,415 17,638 48,655 30,840 3,247 7,000 518,572 527.636 RAISZI4G FUNDS Ralglng don•tlons and legad Fundralslng 16,505 CHARITABLE ACrnIITZES cosrs Support Totals General 619,630 .659,685 Page 10 contlnued...
Erewa9h Valley Gymnastl¢s Club Ltd 11ot•s to the Flnandal Stataments - contlnued for the year ended 31 October 2024 SUPPORT cosrs Govemance costs Finance Other Totals Other resources expended General 864 40,055 28,044 8,163 28.908 8.163 40,919 NET INCOME/(EXPENDrruRE) Net Income/(expeftdlture) Is stated after tharglng/(créditSng).' 2024 2023 Accountsncy - Independent examlnatlon revlew Oepreclatlon - owned assets Other operatlng leases Deflcit on dlsposai of flxed assets 3,848 8,163 72.759 3,837 35.851 29,325 64.975 10. TRUSTeES' AEMUNERATION AND BENEFrrs There were no trustees, remuneratlon or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023. TN•t•••' pan0•• There were no trustees, expenses pald for the year ended 31 October 2024 nor for the year ended 31 October 2023. ii. srAIIF cosrs 2024 2023 Wages and salarles Soclal securlty costs Other penslon costs 384,688 15.071 9,818 371,191 13,201 8,280 409,577 392,672 The average monthty number of employees durlng the year wa5 as follows: 2024 49 2023 Employees No employees recelved emoluments in excess of £60,000. Key management personnel comprise the trustees and 3 managers. The total employee beneffts of the key personnel of the charlty were £97,578.07 (2023 £101.335). Page 11 continued...
Erewash Valley Gymnastlcs Club Ltd Notes to the Flnancial Staten- contlnued for the year ended 31 Oct¢•ber 2024 12. COMPARATIVES FOR THE sfATEMENT OF FIP4ANCIAL ACTIVMES unrestrlcted Restrlcted funds fund Total fvnds INCOME AND ENDOWMENTS FROM Donatlons and legades 3,903 3.903 Ch*rltabl• •GtMtIq• General 527,636 527,636 Other tradlng actmtles Investment Income Other income 6S,079 161 36,796 65.079 161 36.796 Total 633,S75 633,575 EXPENDrruRE 011 Ralslng funds 9,108 9,108 Charltable actlvltle• General Restrlcted 605,497 605,497 1,405 1,405 Other 75.000 75,000 Total 689,605 1,405 691,010 NET INCOMEI(EXPENDrruRE) Transler• b¢tw¢¢n fundj (56.030) (14,396) (1,405) 14,396 (57.43S) t4at mov•m•rt In fvnd# (70,426) 12,991 (57,435) RecoNCIUATXON OF FUNDS Total fvnds brought fofwar 111,399 4,095 115,494 TOTAL FUNDS CARIUED FORWARD 40,973 17,086 58,059 13. TANGIBLE FIXED ASSErs xtures and fittlng$ cosr At l NovemLier 2023 Addltlons 181,091 15.934 At 31 Ortober 2024 197,025 DEPRECXATXQN At l November 2023 Charge for year 178,240 8,163 At 31 October 2024 186.403 NET BOOK VALUE At 31 October 2024 10.622 At 31 October 2023 2,851 Page 12 contlnued....
Erewagh Valley Gymnastlcs Club Ltd Noteg to th• Flnanclal Statements- contlnued for th• year end•d 31 Octobw 2024 IQ DEBTOR&. AMouKfs FALUNG DUE wfTMZN ONE YEAR 2024 2023 Trade debtor5 Other debtors Prepayments and accruod Income 4,836 5.227 44,718 2,176 150 4,986 52,121 IS. CREDITORS: AMOUP4TS FALUNG DUE wrrHIN ONE YeAR 2024 2023 Trade credltors Soclal securlty and other taxe5 Penslons Accruals and deferred Income 29,002 3,912 2,933, 23,707 19.348 5.321 1,793 4,955 59,554 31.417 16. MOVEMENT IN RINDS Net movement In funds Transfe bet4veen funds At 1.11.23 At 31.10.24 Unrostrlctod fund• General fijnd 40,973 (56,401) 17,086 1,658 Regtrlcted fund• Restrlcted Fund 17,086 (17,086) TOTAL FUNDS 58,059 (56,401) 1,658 . Net movement In funds, Included In the above are as llOWs. Incomlng resources Resources expended Movement In funds Unrestricted fuThd• General fund 639, 164 (695,565) (56,401) TOTAL FUNDS 639,164 (695,565) (56,401) Cornp•r•tlv•s for fflov•ment In funds Net movement In funds Transfers between fvnds At 1.11.22 At 31.10.23 unr••trIct lund• General fund 111,399 (56,030) {14,396) 40,973 Regtrlrted funds Restrlcted Fund 4,095 (1,405) 14,396 17,086 TOTAL FUNDS 115,494 (57,435) 58,059 Page 13 contlnued...
erewash Valley Gymnastla Club Ltd Noteg to the Flnanclal Statem•nt$ - contlnued . for th• ye•r ended 310(*ob•r 2024 16. MOVEfvIEKf IN FUNDS - continuod Comparatlve net movement In funds, Included In the above are as lollows: Incomlng rn50urces Resources •xpended Movement In funds Unrestricted funds General fund 633,575 (689,605) (56.030) RtrIcted funds Restrlcted Fund (1,405) (1,405) TOTAL FUNDS 633.575 (691,010) (57.d3S) A ¢urr•nt year 12 months and prfor yoar 12 months cfjmbln•d posltlon 1$ a6 follows: Net movement In funds Transfer5 between funds At 1.11.22 At 31.10.24 Unre•trlcted fund• General fvnd 111,399 (112.431) 2,690 1,658 ReAtrlrted fund• Restricted Fund 4,095 (1,405) (2,690) TOTAL FUNDS 115,494 ('1.13,'83:6,). A current year 12 months and prlor year 12 rnonths comblned net movement In funds. Induded In the above are as follows: Incomlng resources Resources expend¢d Movement In fvnds Unre•trlcted fund• General fund 1,272,739 (1,385,170) (112,431) Regtrlcted fund$ Restrlcted Fund (1,405) (1.405) TOTAL FUNDS 1,272,739 (1,386.575) (113,836) 17. RELATeD PARTY DISCLOSURES Employee Mlss H Glbbs Is the daughter of trustee Mrs K Kearns. She was pa remuneratlon totalllng £32,438 (2023 £31,500) durfng the year. Page 14
erewash Valley Gymnastlc• Club Ltd . Detailed Statement of Flnandal Actlvitles for the year ended 31 October 2024 2024 2023 INCOME AND eNDOWMENTS Doftation8 and legacias Donatlons (262) 3.903 Other trndlng actlvltles . Fundralslng events Shop Incoff 35,264 40,510 28,251 36.828 75,774 65.079 Investment Income Interest Recelved 172 161 Charltable actlvltl•• Fees Donatsd $ervlc4s & facllltles Room hlre Award5 Grants 421,523 46,836 30,160 2,415 17,638 437,894 48,655 30,840 3,247 7,000 518,572 527,636 Other Incom• Other Income 44,908 36,796 Ti)tal Incomlng reBource• 639,164 633,575 EXPENDITURE Ral•lng don•tlon• and leg•d Fundrnlslng 16,SOS 9,108 Charltable actlvltl•A Wages Soclal securlty pensions Rent Rates and water Insurance Ught and heat Telephone Sundrles Clothlng Cornpetitlons Tralnlng Refreshments Computer costs Travel Property repalrs 384,688 15,071 9,818 72,759 3,393 5,628 22,155 3,822 24,487 9,615 19,150 4,281 21,592 1,352 371,191 13,201 8,280 29,325 S.856 4,197 40,953 2,928 32,144 4,304 9,674 5,717 17,614 970 590 9,196 21,819 619,630 556,140 LOSS on sale of tanglble flxed assets Carrled ft)rward 64,975 64,975 Thls page does not form part of the statutory flnandal statements Page 15
Erewash Valley Gymnastl¢s Club Ltd Detalled Staternent of Flnanaal Activlties for the y•ar end 31 October 2024 2024 2023 Oth•r Brought forward Inte5t payable 64.975 18,511 18,511 64.975 Support cwts Fln•nc• Bank charges 28,908 21,099 Othor Freehold property FlxbJres and flttlngs 27.693 8,158 8,163 8,163 35,851 Governance cost• Accountancy - Independert examlnatlon revlew 3,848 3,837 Totsl resources expended 695,565 (56,401 j 691,010 N•t •xp•ndlturn (57,435) Thls page does not forni part of the statutory finandal statements Page 16