REGISTERED CHARITY NUMBER: 1169065 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 202S FOR VISTA TWISTERS Mccabe Ford Williams Chartered Accountants Chiirltoii House Dour Street DOVER Kent CT16 IBL
VISTA TWISTERS CONTENTS OF THE FINANCIAL STATEMENTS FOR THF. YEAR F.NDF.D 31 JULY 2025 Page Referenee and Admimistrative Details Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Finaneial Statements 7 to 12 Detailed Statement of Financial Aetivities 13
VISTA TWISTERS REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JULY 2025 TRUSTEES D J Harcourt (Chairman) Ms S L Kemp {Programme Coordinator) G S Watson (appointed 14.5.25) PRINCIPAL ADDRESS CIO 32 Peak Drive Eastry SANDWICH Kent CT13 ODZ REGISTERED CHARITY NUMBER 1169065 INDEPENDENT EXAMINER Mccabe Ford W'illiams Chartered Accoui)tai)ts Charlton House Dour Street DOVER Kent cr16 IBL Page I
VISTA TWISTERS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025 Tl)e trustees present their report with the financial statements ol'the charitv for the year ei)ded 31 Julv 2025. The trustees have adopted the provisions of Accountingy aiid Reportingl b), Charities.. Statetnent of Recoinmeiided Practice applicable ro charities preparing their accounts in accordance 1th the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) {effective l January 2019). Vista Twisters fomied as a Charitable Incorporated Organisation (CIO) on 6 September 2016 and started operating on 12 October 2016 w,hen the asseis of Vista Twisters, a club, were transferred ro it. This report refers ro Ihe eighth full year of tsperatioii for the CIO. OBJECTIVES AND ACTIVITIES Objecti>e5 aims To provide and promote community participation in healthy recreation by providing facilities and coaching for the sport of cheerleading and related gjmnastics activities. Signifieant activities Vista Twi5ter5 offer5 5POrtin¥ and recreational activities that by their nature contribute to improving physical and meiital health of all who take part. There are significant social benefits by being part of a well governed and administered voluniary, club that creates a sociable environment, promotes teamwork and togeihemess. Season 15 {2024-25) began with significgnt loss of athletes due to retirements, university plgcements and sonie loss of interest. This, combined with a relatively quiet try out period, meant starting the season with 160 athletes compared to tl)e season end athlete list of 181. There was also a drop in athletes takin¥ up additional teams {¢rossoversl. Researcl) suggested that the cost of living and athlete commitment played a key part in reducing active athlete numbers. Reduced numbers mean less income for an organisation that aims to break even and reinvest any surplus. Loss of a key da1£ hirer also impacted on turiiover. Competitively the club had a J(T eat year capped b)J achieving a World Championship Bronze medal in the Senior co-ed Level 5 division iii the USA iii April 2025. Capturing a M'orlds ulobe in the club's 4th year competin¥ in the USA 15 unprecedented. A huge achievementl The club increased the number of events in season 15 taking part in 14 events and Climpetitions across the UK, including a second visit to Germany, as well as the World Championships in Florida. Public benefit Development plans and business performance monitoring helps the CIO to continue 10 deliver a diverse programme that is made more accessible by keeping traiiiinu fees low and offering a wide range of free 'come and try, opportunitie5. path,a5,S exist to take pre-school children froni play to spons perfomiance at the highest levels. Tl)e Club continues to work where possible witl) local schools (Dovei/FolkestonelAshford). Kent Sport and other agencies to expand activities and lake part in ¢ommunity events. The CIO and trustees pay fvll regard to public benefit. Staff and volunteers Without volunteers the ¢haritylclub would simply noi exist. The building operation and business model relies on volunieer coaches and 8UPPOrt staff, which now nuinbers 18 coaches, 12 jui)ior coaches ai)d 10 support staff. This eiiables tlie club to keep fees a5 low as possible and pay ruiining cost5. VT fees are reco¥nised by otlier prograniTlleS as probably the cheapest in the UK, for a spon that has a reputation for being expensive. ACHIEVEMENTS AND PERFORMANCE Charitable aetivities Season 15 ended with 163 competitive athletes competing in 14 teams age 4 - Adult which means retention has been very good, with some new additions over the period. Recreational and tumbling sessions have been well gttended throughout the year. The profile of the club is higher thaii ever particularly since se¢uring a World Championship Bronze medal. There are athletes travelling from all around the region to be part of the club and a link with Canterbury Universiry has meant athletes from other piogranimes niay.jtsin the club, so tliej. can Lontiiiue their sport when awa), froin their home tOms. Showcase 2025 again saw maximum aitendances and the club Awards Night atiracied 225 guests. Page 2
VISTA TWISTERS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025 FINANCIAL REVIEW Finaneial position At J l July 2025 the charity held unrestricted reserves of £145,188 (2024 £155,179). It should be noted tl)at the club retaiiis advanced pa}'Ineiits on behalf of Ineinbers to pay 5igFnificaiit competitioii enlry fe¢s across the season, in¢luding a large budget to compete at the Cheerleading World Chgmpionships in the USA. Reserve5 policy The reserves policy of the charity is adjusted to reflect the demands of the business. It must again be recognised M'ithiii this aniiual report that tl)e support of volunteers and committed faniilies makes the charity sustainable and keeps fees affordable in an expensive sport. The 5POrt of cheerleadiiig continues to ¥row significantly acros5 UK aiid Europe. The club lias again qualified for Worlds 20?6: plus a new international event 111 take place in Lisbon in 2026 with VT having 3 teams qualify'ing. Event providers require even earlier entries lin the first 4 months of the season) and entry fees coniinue to increase. Consequently, the club must mana&Te finances carefully as paymeiits from families are spread acr055 12 months. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing documenL a constitution, and constitutes a Chariiable Incorporared Otganisation. The Charity has the benefits of limited con)paiiy status without the iequirement to file retUTns to Companies House. Reeruitrnent and appointment of new trustees Triistee vacancies are advertised, and applicgnts must first pass a formal interview before being allocated a post. At every annual general meeting, one-lhird of the charity trustees shall reiire from office. The trustees that have been longest in office since their appointment sliall retire first. Tliere will be no niore than twelve trustee5 at aiiy one tinie and no less than three. The chair may be elected for a tenn of one year on a maximum of three occasions. Other officers may be elected for a one year term on a maximum of six occasions. These terms have been breached as the current chair has exceeded the maximum term and no trnstee has retired from office at the latsst AGM. The irustees are aware of this and will take action to address it. 2710512026 Approved by order of the board of trllstees on ............................................. and signed on it5 behalf by.. D J Harcourt- Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VISTA TWISTERS Indepenilent examiner's report to the trustees of Vista Twisters report to the charity tti]Stees on my examination of the accounts of Vists Twisters (the Trust) for the year ended J l July 2025. Responsibilitie5 and basi5 of report As the chariry trustees of the Trust you are responsible for the prepargtion of the accounts in accordance with the requiren)ents of the Charities Aet 2011 I'the Act'}. I repon in respect L)f my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Seciilin 145{5)(bl of the Act. Independent examiner's st#tement Since your charity's gross income exceeded £250,000 your exaniineT must be a member of a listed body. I can cot]fir thai l am qualified to undertake the examination because l am a member of the Instiiute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in conneciion with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act,. or the accounis do not accord w'ith those records; or the account5 do not coinpl}' with tl)e applicable requireineiits conceTningF the fom] and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is noi a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection '1th the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. l D Pascall FCA Mccabe Ford Williams Chartcred Accountants Charlton House Dour Street DOVER Kent CT16 IBL Date.. Page 4
VISTA TWISTERS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025 2025 Total funds 2024 Total funds Ui)restricted fuiid Restricted funds Notes INCOME AND ENDOWMENTS FROM Charitable activities Regisiration. coaching and competition fees Giants and fundraising 228.242 14,705 59,316 11,547 287,558 26,252 301,lil 48.043 Total 242,947 70,86i 313,810 349,174 EXPENDITURE ON Charitable activities Regisiration, coaching and competition fees 146,608 68,650 215,258 209,311 Operating costs 108,349 721 109,070 104,834 Total 254,957 69,371 324,328 314,145 NET INCOMEI(EXPENDITURE) Transfet% betTrTreen funds (12,010) 2,019 1,492 (2,019) (10,518) 35,029 Net movement in funds (9,991) (527) (10,518) 35,029 RECONCILIATION OF FUNDS Total funds brought fonvard 155,179 2,109 157,288 122,259 TOT AL FUNDS CARRIED FORWARD 145,188 1,582 146,770 157,288 The notes fonn part of these financial statements Page 5
VISTA TWISTERS BALAf44CE SHEET 31 JULY 2025 2025 Total funds 2024 Total funds Ui)restricted fuiid Restricted funds Notes FIXED ASSETS TaiibFible as5et5 26,521 1,582 28,103 20,286 CURRENT ASSETS Stock Debtors Casli at bank 950 20,334 110,252 950 20,484 110,102 950 28,460 116,606 150 (150) 131,536 131,536 146,016 CREDITORS Amounts falling due within one year (12,869) (12,869) 19,014) NET CURRENT ASSETS 118,667 118,667 137,002 TOTAL ASSETS LESS CURRENT LIABILITIES 145,188 1,582 146,770 157,288 NET ASSETS 145,188 1,582 146,770 157,288 FUNDS Unresiricted funds Restricted funds 145,188 1,582 155.179 2,109 TOTAL FUNDS 146,770 157.288 The financial statements were approved by the Board of Trustees and authorised for issue 2710512026................................... and w'ere signed on its behalf by.. on D J Harcourt- Trustee The notes fonn part of these financial statements Page 6
VISTA TWISTERS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 STATUTORY INFORMATION Vista Twisters is a Charitable Incorporated Organisation registered in En(Tland. The charity's registered llUTnber: principal address and nature of operaiions can be found in the Report of the Trustees and on page l. On I l November 2019, the charity moved into a new premises at The Base, Unit 2, Hollow Wood Road, DoveT, Kent. CTI 7 OUB. The preseiitation currency of the financial ststements is the Pound Sterling (£). ACCOUNTING POLICIES Basis of preparing the financial statements The fiiiancial statemeiits of tlie charity-. which is a public benefit entity uiider FRS 102, have been prepared iii accordance '1th the Charities SORP IFRS 102} 'Accounting and Reporting by Chgrities. Staienient of Recommended Praciice applicable to charities preparing their accounts in accordance with ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective l Jaiiuary 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK aiid Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Financial reporting standard 102- redueed disclosure exemptions The charity has taken advantage of the followiiig disclosure exemptiun in piepaiing these financial statements, as permitted by FRS 102 'Th¢ Financial Reporting Standard applicabl¢ in th¢ UK and Republic of Ireland,: the requirenients of Section 7 Statenient of Cash Flows. Goin2 eoncern No Tnaterial uncertainties exist regarding the cliarity and on this basis the a5se5smeiit of the trustees 15 that the charity is a going concern. Income All income is recognised in the Statement of Financial Aciiviiies once the chariry has entitlement to the funds. it is probable that the income will be received ai)d the amoui)t can be Ineasured reliably. In accordance with the SORP, no amounts have been included in these financial statements io reflect rhe value of services provided free of charge to Ihe charitj by volunteers. Expenditure Liabililies are recognised as expenditure as soon as there is a legal or consiructive obligation commitiing the charity to that expenditure, it 15 probable that a traiisfer of econoinic benefits will be Tequired in settlemeiit and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cosi related to the category. Where costs cannot be directly attributed to particular headin¥5 they have beeli allocated to activities on a basi5 cor15lStent with the use of resources. Tangible fixed a55et5 Depreciation is provided ar the following annual rates in order to write off each asset over its estimaied usefvl life. Equipmeni 250/0 reducing balance Fixtures and fiitings 25 /0 reducing balance Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moviiig item5. Taxation The Charity is exempt from tax on its charitsble activiiie5. Page 7 continued...
VISTA TWISTERS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025 ACCOUNTING POLICIES- eontinued Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. The charity provides coaching in schoolslacademies as part of its activities and su¢h a¢tivities are regard¢d as part of the unrestricted funds. Restri¢ted funds can only be used for panicular restri¢ted purposes within the objects of the charity. Restrictions arise when specified by the donor or 'hen funds are raised for particular restrictsd purposes. TRVSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 July 2025 nor for the year ended 31 Julv 2024. Trustees expeThses During the year no trustees were reimbursed for expenses {2024 - £nil). STAFF COSTS No employees received emoluments in excess of £60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Toial funds INCOME AND ENDOWMENTS FROM CharitAblc aetivities Rcgistration, coaching and competition fees Grants and fijndraising 247,788 32,944 53,343 15,099 301,131 48,043 Total 280,732 68,442 349,174 EXPENDITURE ON Churithble activities RegistTation, coachit]g and cotnpetition fees 145,177 64,134 209,311 Operating costs 104,130 704 104,834 Total 249,307 64,838 314,145 NET INCOME Transfers between fund5 31,425 4,307 3,604 14,307) 35,029 Net movernent in fund5 35,732 (703) 35,029 RECONCILIA TION OF FUNDS Total ndS brought forward 119,447 2,812 122,259 TOTAL FUNDS CARRIED FORWARD 155,179 2,109 157,288 Page 8 continued...
VISTA TWISTERS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025 TAP4GIBLE FIXED ASSETS Fixtures and fittings Equipment Totals COST At l August 2024 Additions 66,845 2,515 7.179 14,668 74.024 17,183 At 31 July 2025 69,360 21,847 91,207 DEPRECIATION At l August 2024 Charge for year 53,738 9.366 5,246 4.120 At 31 July 2025 53.620 9,484 63,104 NET BOOK VALUE At 31 July 2025 15.740 12,363 28.103 At 31 July 2024 18,471 1,815 20,286 STOCKS 2025 2024 Stock of uniform and training wear 950 950 DEBTORS: AMOUNTS FALLING DUE WITHIN OP4E YEAR 2025 2024 Sundry debtors 20,484 28,460 CREDITORS: AMOUIYTS FALLING DUE WITHIN Of4E YEAR 2025 2024 Income received in advance Accrued expenses and sundry creditors 5,575 7.294 3,787 5,227 12,869 9,014 io. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows.. 2025 2024 Within one year Betiveen one and five years In more tl)an five years 45,600 182.400 190,000 45,600 182.400 235,600 418,000 463,600 Page 9 continued...
VISTA TWISTERS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025 MOVEMENT IN FUNDS Net moveTnent in funds Transfers beteen fvnds At 31.7.25 At 1.8.24 Vnrestricted fund5 General fund 155.179 112.010} 2.019 145.188 Restricted funds Kent Community Foundation World Chanipionships 2.109 {5271 2,019 1,582 {2,019} 2.109 1,492 {2,019} 1,582 TOTAL FUNDS 157,288 110,5181 146,770 Net movement in funds, included in the above are as follows- Iiicoming resources Resources expended mOveent in funds Unrestricted fund5 General fund 24?,947 (254,957} 112,010} R¢5trict¢d funds Kent Communitv Foundation World Cliampionships {5?7} 168.844) {5?7} 2.019 70.863 70,863 169,371 } 1.492 TOTAL FUNDS 313,810 (324,328) 110,518) Comparatives for movement in funils Net movemeni in funds Traii%fers beiween funds Ai 31.7.24 At 1.8.23 Unrestricted funds General fvnd 119,447 31,425 4,307 155,179 Restrieted funds Kent Commiinity Foundation World Championships 2,812 {7031 4,307 2,109 {4,307} 2.812 3,604 {4,307} 2.109 TOTAL FUNDS 122,259 35,029 157,288 Page 10 continued...
VISTA TWISTERS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025 MOVEMENT IN FUNDS- eontinued Comparative net movement in funds, included in the above are as folloM's'. Incoming resources Resources expended Movement in funds Unrcstrietcd funds Gencral fvnd 280,732 (249,307) 31,425 Re5trieted funds Kent Commiinity Foundation World Championships {7031 164,135} {7031 4,307 68,442 68,442 (64,838} 3,604 TOTAL FUNDS 349,174 (314,145) 35.029 A cUtl year 12 months and prior year 12 Tnonths combined position is a5 follows.. Net moveTnent in ndS Transfers between nds At 31.7.25 At 1.823 Unrestricted fund5 General fund 119,447 19,415 6,326 145,188 Re5trieted funds Kent Communitv Foundaiion World Chainpionships 2.812 {1,2301 1.582 {6.326} 2,812 5,096 {6,326} 1,582 TOTAL FUNDS 122,259 24,511 146,770 A current year 12 moiiths and prior year 12 months combined net movement in nds, included in the above are as follom's.. Iiicojning resources Resources expended Movejnent in funds Unrestricted fund5 General fund 523,679 (504,264} 19,415 Restricted funds Kent Community Foundaiion World Chanipionships {1.230} (132.979} {1,230} 6,326 139.305 139.J05 (134.209} 5.096 TOTAL FUNDS 662,984 (638,473} 24,511 World Championships.. The ftinds received are spent on competition ¢osts which include travel, accommodation and uniforms. For the latest 'Worlds" the income ai)d sponsorship was more than anticipated, and exceeded the costs incurred. The SUTpIu5 ha5 beeli reallocated back to the club. Pagell continued...
VISTA TWISTERS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 JULY 2025 MOVEMENT IN FUNDS- eontinued Kent Community Foundation.. £5,000 was received in 2022 to assist with the purchase of mats for use to Start a club in Folkestone. The fund balance is reduced in line with the depreciation being charged in the accounts on those mats. 12. RELATED PARTY DISCLOSURES Two donations were received during the year totalling to £1 0,500 from Samphire Cargo, of which truste¢ G S Watson is a director. These were unrestrictsd. Page 12
VISTA TWISTERS DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025 2025 Total funds 2024 Total fui)ds Unrestricted funds Restricted funds INCOME AND ENDOWMENTS Charitable aetivities Registratioii fees Traiiiing fees Coaching and classes Competiti011s Grant5, fundraising and donations Uniform and merchandise sales Hall hire 8,325 156,632 5,090 37,631 14,705 9,212 11,352 8,325 156,632 5,090 96,921 26,252 9,238 11,352 8,181 111,329 6,436 122,636 48,043 20,662 31,887 59,290 11,547 26 242,947 70,863 313,810 349,174 Total incoming re50urees 242,947 70,863 313,810 349,174 EXPENDITURE Charitable activities Competition costs Coaching co8(S Trainiiig courses Unifonn and merchandise Travel and accomn)odation 84,351 17,638 225 30,758 12,212 61,493 368 145,844 18,006 225 33,761 15,998 149,329 15,072 3,i42 26,627 3,003 3,786 145,184 68,050 213,834 205,511 Operating cost5 Rent, rates and light and heat Building Inaintenance Insurance Telephone and broadband Stationern,. printing and postage Sundry expeiises Independent examiner fees Management fees tkpreeiation of tangible fixed assets 52,353 5,109 1,586 621 246 787 2,808 36.000 8,839 52,353 5,109 1,586 621 246 981 2,808 36,000 9,366 50,08? 5,180 1,422 583 796 1,367 2,640 36.000 6,764 194 527 108,349 721 109,070 104,834 Support costs Finance Bank charges 1,424 1,424 3,800 Total resources expended 254,957 69,371 324,328 314,145 Net income (12,010) 1,492 (10,518) 35,029 This page does Iiot fotyn part of the Statutory financial statement5 Page 13