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← Charisma Gymnastics Foundation

2024-08-31-accounts

Company Registration No. CE008486 Charity No. 1168669

CHARISMA GYMNASTICS FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 EAR

CHARISMA GYMNASTICS FOUNDATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

CONTENTS PAGE
Charity information 1
Trustees' annual report 2
Independent examiner's report 3
Statement of financial activities (incorporating the income and 4
expenditure account)
Balance sheet 5
Notes to the financial statements 6 - 12

CHARISMA GYMNASTICS FOUNDATION CHARITY INFORMATION FOR THE YEAR ENDED 31 AUGUST 2024

Registered charity name Charisma Gymnastics Foundation Charity registration number CE008486 Company registration number 1168669 Registered office 25 LAYHAMS ROAD WEST WICKHAM BR4 9HD Trustees KEITH COMBER MICHELLE JEAN STIFF RICHARD GIBBONS Independent Examiner Jennifer Salmon FCCA 24 Ryegrass Close Chatham Kent ME5 8JY

CHARISMA GYMNASTICS FOUNDATION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 August 2024 which are set out on the following pages

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no 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 the company as required by section 386 of the 2006 Act; or

  1. The accounts do not accord with those records; or

  2. The accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  3. The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

J Salmon FCCA

24 Ryegrass Close Chatham Kent ME5 8JY

8 May 2025

CHARISMA GYMNASTICS FOUNDATION

Section A Statement of financial activities (including summary income and expenditure account)

FOR THE YEAR ENDED 31 AUGUST 2024

Guidance Note
S01
S02
S03
S04
S05
S06
S07
Expenditure (Notes 6)
Expenditure on:
S08
S09
S10
S11
S12
S13
Tax payable
S14
S17
S22
Reconciliation of
funds:
S23
S24
Total funds carried forward
Investments
Net movement in funds
Total funds brought forward
Income (Note 3)
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Recommended categories by activity
Net income/(expenditure)
Separate material item of income
Other
Total
Raising funds
Charitable activities
Separate material expense item
Other
Total
Net income/(expenditure) before tax for
the reporting period		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
£
£
£
F01
F02
F03		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
£
£
£
F01
F02
F03		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
£
£
£
F01
F02
F03		 Total funds
Prior year
funds
£
£
F04
F05		 Total funds
Prior year
funds
£
£
F04
F05
3,695 - - 3,695 6,875
- - - - -
- - - - -
- - - - -
- - - - -
- - - - 563
3,695 - - 3,695 7,438
- - - - -
- - - - -
-
7,989 - - 7,989 8,013
7,989 - - 7,989 8,013
4,294
-		 - - 4,294
-		 575
-
- - - - -
4,294
-		 - - 4,294
-		 575
-
4,294
-		 - - 4,294
-		 575
-
34,067 - - 34,067 34,642
29,773 - - 29,773 34,067

CHARISMA GYMNASTICS FOUNDATION Section B Balance sheet

FOR THE YEAR ENDED 31 AUGUST 2024

Guidance Note
Fixed assets
Tangible assets (Note 14)
B02
Total fixed assets
B05
Current assets
Cash at bank and in hand (Note 24)
B09
Total current assets
B10
Creditors: amounts falling due within
one year (Note 20)
B11
Net current assets/(liabilities)
B12
Total assets less current liabilities
B13
Total net assets or liabilities
B16
Funds of the Charity
Unrestricted funds
B19
Total funds
B22		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05
30,719 - - 30,719 33,944
30,719 - - 30,719 33,944
2,719 - - 2,719 3,194
2,719 - - 2,719 3,194
3,664 - - 3,664 3,070
- 945 - - - 945 124
29,774 - - 29,774 34,067
29,774 - - 29,774 34,067
29,774 - 29,774 34,067
29,774 - - 29,774 34,067

The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

Signature of director authenticating accounts being sent to Companies
House
Signed by one or two trustees/directors on behalf of all the
trustees/directors		 Print Name Date of
approval
dd/mm/yyyy
Signature Date
dd/mm/yyyy
Print name

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts 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 accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

1.2 Going concern

There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern,

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note 1.1

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS102 SORP).

Section C Notes to the accounts (cont)

Note 3 Income

Note 3 Income Income Income Income Income Income Income
Donations and
legacies:		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total funds
Prior year
£
£
Analysis of income
Donations and gifts
 3,695 - - 3,695 6,875

Gift Aid		 - - - - -
Legacies - - - - -
General grants provided by government/other
charities		 - - - - -
Membership subscriptions and sponsorships
which are in substance donations		 - - - -
Donated goods, facilities and services - - - - -

Other		 - - - - 563
Total 3,695 - - 3,695 7,438

Section C Notes to the accounts (cont)

Note 6 Expenditure

Note 6 Expenditure Expenditure
Other
Accounts Preparation & Independent
Examination Fee
Repairs and Maintenance
Travel Expenses
Insurance
Other legal and professional
Total other expenditure
TOTAL EXPENDITURE
Analysis of expenditure		 Analysis of expenditure Unrestricted
funds
Restricted
income
Endowment
funds
Total funds Prior year
£
£
Accounts Preparation & Independent
Examination Fee		 594 - - 594 594
Repairs and Maintenance 1,285 - - 1,285 822
Travel Expenses - - - -
Insurance - - - 254
Other legal and professional - - -
1,879 - - 1,879 1,670
1,879 - - 1,879 1,670

(cont)

Section C

Notes to the accounts

Note 14 Tangible fixed assets

14.1 Cost or valuation

At the beginning of
the year
Additions
At end of the year		 Freehold land
& buildings
£		 Other land &
buildings
£		 Plant,
machinery and
motor vehicles
£
Fixtures,
fittings and
equipment
£		 Total
£
- - - 53,280 53,280
- - - 2,885 2,885
- - - 56,165 56,165

14.2 Depreciation and impairments

There was no depreciation in the year of acquisition

*Basis*
 Rate
At beginning of the
year
Disposals
Depreciation
Impairment
Transfers
At end of the year
Net book value at the
beginning of the year
Net book value at the
end of the year
14.3 Net book value*		 SL or RB SL or RB SL or RB RB SL or RB Straight
Line ("SL")
or Reducing
Balance
("RB")
18%
- -
- - 19,336 -
19,336
- -
- -
-
- -
- - 6,110 -
6,110
- -
- -
-
- -
-
-
- -
- - 25,446 -
25,446
- -
- 72,616 72,616
- -
- 81,611 81,611
- - - 72,616 72,616
- - - 81,611 81,611

Section C

(cont)

Notes to the accounts

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors


Accruals for grants payable
Bank loans and overdrafts
Trade creditors
Payments received on account for contracts
or performance-related grants
Accruals and deferred income
Taxation and social security
Other creditors
Total		 Amounts falling due
within oneyear		 Amounts falling due
within oneyear		 Amounts falling due after
more than oneyear		 Amounts falling due after
more than oneyear
This year
£		 Last year
£		 This year
£		 Last year
£
- -
-		 -
- -
-		 -
- -
-		 -
- -
-		 -
594 594 - -
- -
-		 -
3,070 2,476 - -
3,664 3,070 - -

20.2 Deferred income

Please complete this note if the charity has deferred income.

Please explain the reasons why income is deferred.

Movement in deferred income account
FOR THE YEAR ENDED 31 AUGUST 2024
Amounts released to income from previous periods
Balance at the end of the reporting period
Balance at the start of the reporting period
Amounts added in current period		 This year
£		 Last year
£
- -
- -
- -
- -

Section C

(cont)

Notes to the accounts

Note 24 Cash at bank and in hand

Note 24 Cash at bank and in hand
Other
Total
Short term cash investments (less than 3 months maturity date)
Short term deposits
Cash at bank and on hand		 This year
£		 Last year
£
- -
- -
2,719 3,194
- -
2,719 3,194

Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

28.1 Trustee remuneration and benefits None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity

28.2 Trustees' expenses

No trustee expenses have been incurred

28.3 Transaction(s) with related parties

There have been no related party transactions in the reporting period