NORTH WALSHAM GYMNASTICS CLUB {A private ctyripany limite(J by guarantee) REPORT AND FINANCIAL STATE•AENTS FOR ThE YEAR W4DED 31 DECEMBER 2023 Crity Numr. 1171166 Company R•glstration Number: 09626412 lllll 1111 ACIT06A 2PlQY224 cCPANIEs HOUSE A21
NORTH WALSHAM GyMN$TIcs CLU8 CONTENTS OF THE HNANCIAL STATEMENTS lor the yearended 31 December 2023 Legal arKJ •jMlsti¥e infrni Rep(yl ofthe Twslees Report ol Ihe Intrrent EamTh Statement of Financial Acbvths BalanrE Sheet Notes to the FancIal Stsiements 7-13
NORTh WALSHAM GYAINASTICS CLUB LEGAL AMD AI)MINISTRATNE INFORMATIOII foTthe year end¢d 31 Decembèr 2023 Reglstered Charlty Nam•: North V4alsh¥n Gymnaslics Club R•gistr•d ¢ha¥ity numt•. 1171166 Reglstered Company ntsmb•r. fM26412 12 Lim Tr89 Roa &)rfh Walsham NR28 Plac• of buslness: 4 CnIsh Way Businèss Park Norfolk NR28 OAW Tru5tO0S". Mr Michael Brocs Mr5 Theresa Freemen Mr5 Patrra Johnson M5 Donna Yarham Mr Neal HayÈ5-Bralley klrs fina Casbum Key Marwyement PeOn•1. Mr5 hjexis T1¥Jr5t {Head Co) Solieitors: Han5elts so11(5 Canada HoLe Grammar Schwl Road NR28 9JH Independent Ex•mlners: Sexty & Co Charte Certrf*d Accwntwts 124 Thorpe Road Nowth Norfolk NR1 1RS
NORTH WALSHAM GYMNASTICS CLUB REPORT OF THE TRUSTEES for the year ended 31 Dewthr 2023 The Tnjstees present their rwt wrfh the financial statements of tr djarity l(Y the year ended 31 December 2023. STATUS Norlh Walsham Gymnaslic£ Cknb is a cmPanY limited ty guarantee and was on S ju 2015. The o)mpany is an in(xwporated ¢harity fPyiSterpd with Ihe Clwity Cornmiss•)n (Regislrdlion No. 11711661. It is governed by 115 Memorwdum and Axbctes ofAsgxKqtion. PRINCIPLE ACTMTY The prinCie actv•ty of N(th Walsham Gymnastu Club $ to [mDnte parttcipat#M in the ar•leur 5POrt of gymnastts indudirvJ General. Vlomen's Arttstic, Men's Artisttc. DisabAtty Gymnastics and Pr&School to provide facilitS within Norih Walsham and Noth Norfo Ihe b8nefit ol mEmbers throughout th communlty. To gnsure adequate reswrce5. Coach¥ and woware are availabbE lo all membws and othèr bodies. CHARITA8LE OBJECTS To promote comrmity part¥ipakn in hRhY feCT& for the benefits olthè inhaknlanls of North Walsham and the surrounding area. by provision otfatilibes for Ihe spcfft of8m8tew gyrnnasttt arKI othercharitable aclbvities. OBJECTIVES At4D ACTMTIES North Walsham Gymnastics Club is a wislered charity proe5 a lun. safp and nurtuiing environmènt lo obtain the es5enlial ftyjndation sklls in gyThnastiC5. The e$5enlial skljs pro¥e enable young people lo excee(J their expeetxtions. develop se$1teeM and reise Iheir w)tential. The club Offe a varied gymnastics and conditioning PToJram from social gyrnnastKs thrOh lo wnpgtdiv¢ gymnast5 With price optKM)s lor all levels of inteTesL but with greatef emphasis on grow clas. TTr CKJb's o)a¢hès havÈ access to wntinLbal 118ining with some of the a'S tL¥J professKinal coaches. t$ prov•Yes the Styents with L4P-tfrdate moves ar¥J techniques. Th8 CJb w80M a drv•rsity of peo¥4e and mainlains a non-smokn.ng and alcohovdrug free erwimnment. PLIBLIC BENEFIT STATEIIENT The Trustees have regard to the Chanty Corniisskn's pubk benefit wwjance. ACHIEVEMENTS PERFORMANCE Norlh Walshym Gyrnna5tic5 Club a totsl of 317 reueaiiwl rnember5. 71 C(MnpeIierlnterrned1aIe. 55 developmen(40 ar¥J 12 F+omtred. Ths totsb 495 memkn in all. kn Iase of 40 rnber5 from 2022. We have 19 ¢oac15 rangng Irom level O to Level 4 coachiryj a part bas. This year * h seen an increase in our volunteer coth rise lo 10 age(1 beln 12-15 years ¢Yd. Our coaches added a totsl of 4 Level l QuaIrflIonS and 1 Le¥el 2 l2udthrati. 3 i%n9 qualrfKath?ns, 16 first aid. five marshal. equbty 8nd rk a5sessrrent C(XY5es. are rKsw offerry mcfe y1Th3 SeS5ior6 to 1 week per and irK¥eased wr 121 and party slots. Ovr Wetrdre Team k£6 up to dale wilh c4)ur5es awKJ wthKJual ne within the Cb aTrJ we aTr now atle to njn Special edu¢ylmal 121 sessKbn5. Many thanks rnust go to all tyJr coac*. staff and fortheir
NOFMI WALSHAIII GYMNASTICS CLUB REPORT OF THE TRUSTEES frr the year WKl¢d 31 D¢¢enw 2023 {¢ontinued) FINANCIAL REVIEW The Statement ol Financial Activibos shows a swplus for the year of £18.(KJ212022 doficit.. t3.4331 total reserves stsnd at £114.07412022'. £96.0721. RESERVES POUCY It is th8 polw of the ¢haiity lo maintain unStrictj funds wfiith a the free reserves ofthe charity. at a level which equates to apprDximately six monlh5 unresiitled expendibJrfr. This wvxles sufficieDI lunds to cover management and administratn and swport costs and to spO# to emergenries. RISK MANAGEMENT The Tfustees review the risks ofthe on a regularbasrs and have wnfvmenled kK4i(ies w)d procedures to mftlgale expYe to these risks. In ad¢Ji1. a review of all firtrwKial ftsks Ks undertaken on 8 regul8r basis. GOVERNANCE AND MANAGEMENT The day to day affairs of the charity a ovetseen by the Board of Trustees. The Trustees meet on a gUlar basis to r8Vi8W the charity's adiviljes. Wwe thwe is a need for new Trustees. these are identified and appointed by ts exisling Tnjslees, in aCcoance with the Arttles ol ASslation. The report of Ihe trustee5 has been prepared laking advanlage of the small companie¥, exernplion of seclion 415A of the CompanE5 kt 2W6. ON BEHALF OF THE TRUSTEES Mrs Johnson- Twstee Mrs T Freemen- Tnjslee Date..
NORTH WALSHAM GYMNAsncs CLUB REPORT OF THE WDEPEIIOENT EXAIIINERS TO THE TRUSTEES I report to the tharity lrnstees on my examTnatwM ol the ac£rAmts of the for the year ended 31 December 2023 whh are set tyjt on pag8s S to 13 Responsibilltles and basls of rèport As the chanty trustees of tho tsjmpany (and also ts d8ctors lor the pxwses of c4)ryyany lawl you are responsible for the weparalion ol Iht arA)unts In 8ccrfMdance 4Vrth Ihe wulents of the Corroanies Act 2006 {'the 2006 Act.). Having satisfied myserf Ihat ol the company are nol required to be atsdbteil l¥r Part 16 01 the 2006 Act and are Èligible lor independent examinatkjn. I report n resped ofmy exafflinakn ofyoufcompanys a¢Gounts as out under 5eGThon 145 of Ihe Ch8rities Act 2011 1.the 201 l Acl'l. In carrying out my ex8fflinalton I have folkn¥•d ts Dr8rAth by Ihe Chanty CThnmiswn urthr tiOn 145(5llbl r1 the 2011 Acl. Independent examlnefs slatem I have compFeted my ex8minatw. I confirm lh no mattef5 have c{e lo my atten1 in COreCI)n wf(h the exambnation giving mè r2use to beli8¥e thai in any m8terial respect". ac¢ounlM)g rècorts were nol kept in respect of company 3$ r¢quwl by sectim 386 of the 2006 Act,. the acctyjnts do not accord wilh those rernrds: or the accounts do c4Jwyly Yrith the &¢Cnrj wuirements d sttts"LX) 396 01 the 2006 Act other than any requiroment that Ihe aCnts g¥e a Irue arml fa"f whth is noi a matter cortsid as part 01 an independent exarThnation: or the accounis have r¥)t been prepar8d in armanCe the nttKwJs and prirryles of the Slatem•nt ol ReconYn&nded Praciice for aecourfing reporMg by chafi1 apKAicabFe lo tharitles preparing their accounts in accortjance with thè FinatKxal Rep)rtWlg Standard appli.cable In th? UK and Republic ol Ireland IFRS 1021. 3ttentton sl*Jukl bè drawn in Ihis rervt order to enable J proper undws13ndr4J ol Ihe acethnts lo be r8ached. A OThes FCCA. FCA Sexty & Co Chartered Cwbfied Accounlants and Registered Audrtors 124 Thorpe Road Norwith NR1 1RS Dale".
IORTH WALSHAM GYMNASTICS CLU8 STATEhlENT OF RNANCIAL ACTIVITIES (INCLUDING INCOME AMD EXPEMDrnIR£ ACCOUNn for th• y•ar •nd•d 31 D•cemb•r 2023 T(tsl funds 2023 Totsl funds 2022 Gener•1 Restricted fund$ funds In¢omè from: Donations and grants Charitabk athwties Total Incom• 2.731 234.923 237.654 2.731 234.923 237.654 9.966 191.894 201.860 Expgndilure on: Charitsble aclivit 219.652 219.652 205.293 Totsl chwllalJ* exPendIre 219.652 219,652 205,293 Net inCom{XPl1lIr0j 18.002 18.002 13,433) Tfansfets beh%Yèn fim05 Net movement in fund5 18,002 18.002 13.433) Re¢oncili•tlon of funds Fund balances browhl frmwavd 96,072 .072 99.505 Fund balart¢¢$ ¢arri¢¢J fryward 114.074 114.074 96.072 The notes set wt on pages 7 to 13 fm aft integral part of these fir0181 slaiements
NORTH WALSHAM GYMPIASnCS CLU8 (COMPANY REGISTRATION NO. 096264121 BALANCE SHEET 31 December 2023 2022 Flx•d ass•ts 12.188 11,503 Curr•Tht assets Siock Debtors and K¥epayments Cash at bank and in hartd 3,300 3,525 923 91.887 96,335 109.935 113.878 Creditows du• ¥thln )nv y 10 11.992 11.766 Net cuffent assets 701.886 84.569 114.074 R•pr•s•rrt•d by: Restricted fvn¢Js Unrestricted funds 114.074 96.072 Total Funds 114074 96.027 Thè company vrds 81#d to •xemptK>n from au<lit under S477 of Ihe Compars Act 2006 relating to $maH Comples. Directors, resports1b1es'. The members have treque the CLmnPYto oblain an audft in aarte wrth sedk)n 476 of the Companies Act 20. The ¢JirecIo acnowledge Ihew responsibdilies for cofflplw'ng th the requirements of thp Corrpanw Act wsth respeca to accrwJnttng reoyds arxl the kwarat of finanrial statèments. These financd statets have been acrjxdm with Ihe provisKffi$ aPplble to small companies subject lo the small ctsnpan regime and in accordance FRS102 SORP. The financial statemeTtswereapproNTd by Ihe Tnlee$l%1.... .... .. by.. . arnjwere si9ne(J on its bèhall Mrs Johnson- Trvslee Mr5 T Ffeemen- Truslee
NORTh WALSHAM GYMNASTICS CLUB
NOTES TO THE RNANCIAL STATEMENTS
lorlhe y•ar ended 31 Oe¢ernber 2023
1. Accountin9 polkies
Genernl 5Trfr4rmation and basis of preparation
North Wab5ham Gym Club 1$ 8 ch8Trtable Company in EThJlaThJ I Waks. The than.ty conskn"tutes a
public erfil enlty as defin1 by FRS 102. Thè fmancial statements tMie been wepared under
the historical cost conNntx)n ith i18ms recoJnised al rnst tr transaclion value unless olherwise
siatsd in thg le¥an1 rles. The finanual statements ha bgen ppar1 in accordance wrth Ihe
Stalgment of R¢cornmevKI8(J Practice." AccnuntRig and Rep)rbivJ by Chawities Pparing their
accounts in aco)rdanc2 Wbth the Financial Rep.n9 StaTrJard aPplble in th8 UK and Republi¢
of Ireland IFRS 1021 issued in Othr 2019, and with the Financ1 Reporbn9 Standard
applicab in th8 United .)Jorn and Repubk of Ire14r (FRS 1021 with Ihe Charities Act
2011.
b)
Funds
General funds are alLle f use at the discretion of the trustees flEranCe of Ihe general
objectives ol the clty and have not twi designate(I lor otsr purwses.
RestrE¢led fuThts are funds ¥thich a lo be used in accordarNx with spo¢rfr rgstrictions imposed
by donor5 or wthich ha¥• baen raised by ihe charity for pwirular pwposes.
c} Inc<1 Tecognifio
All inCry re80urces aFB irthtsj in lh¢ Slateml of Finan4 (SOFA) when the
chafity is legally entit lo the irwme after any p8rformanL c
NORTH YIALSHAM GYMNASTICS CLU8 NOTES TO THE FIMANCIAL STATEMENTS for tho year ended 310¢cemb•r 2023 Icontlnuedl Accounling poflci•s-eontinued Fixed assets Tangible fixed assets are ststed * Cost or vahAtion less accumutaled depreciatton and accumuLated impairnenl losse5. C05t costs tsityJtable ID makiTrg the asset capable of opw¥tiry as intended. Depreciaty'on is provKled on all tanb fixed assets. at rates calculatwl tQ fwrite off Ihe cost. less estirnaied residu81 value. ol eath asset Cffi 8 syslematK bass over lis Èxpected useful lrfe a5 Leasehohy irr4wtyemert5 Plant and mth"r Equwenl 10% strght h'ne 25% Strdithl h.ne 25% h.ne St¢>ck$ Stocks are measured at Ihe hywer of cost arKI eslimated selliThJ wice wsts to oynpknte and sell. Cost includes all costs of purchase. costs of ccVer3)n and otherr4 incuffed in bring9 the stock lo ils pres1 IoLzts"on arnl c£Klits)n. 91 L•as•s Rental Flayale uY¥Jer opeTrlry lea585 are chary8d to fv SOFA on a slraKJht line basis over the period ol Ihe 3$e. h) Tax The is an ejterno clwity the ral of schad 3 ofthe Charits Act 2011 and consiyered to pass the tests set out in Paiagwaph 1 SChte 6 Finance Act 2010 and therefo it meets the dtfinrtKJn ol a thariiaL4e crrfnpany lor UK co[ra110n wrffts. Going ¢on¢em The financial ststements have been epa on a go]r¥3 corKm t(8 as the tnJstees believe thai no merial uncertawth.es extsL Tr tnjslees kne ihe levd offunds held and the expetted level 01 inc£rfne aTrY eXpenditire for 12 months from aUth's1[¥j these financial statements. The budpt8d incomtr antl 0rtUre is sufficient witl) ihe IBvel ol reserves for the eharIty to be at48 to rJ)ntinue as a goiNJ concem.. Llmlt•d by 9uarnnt¢e North Wa15harn Gymna Club LiThMted a company by guwantee arml accordir#Jly dces not have any shafft Caplal. Every tnefflber of the company undertake5 to conln.bute such affKyJnl as may be required not exceeding £1 to assets crflhe chaniats ccthpany in the ev8ni olits bey¥J wound up while he she is a member. wilhin one year after he or she ceases to be a m8mLEr
IIORTH WALSHAM GYIINASTICS CLU8 NOTES TO ThE RNANCIAL STATEMENTS lor th• y•ar •nd•d 31 D•c•mb¢r 2023 Icontinibod} Accountlng polkles- ¢ontinu•d ) G(>vernmont grants Grants are acctyJnted uThJtr the actruaL¥ model a5 perrnthd by FRS 102. Grants relating to expendrture on tangiblè fixed assets a c¥ediknJ to pfit kjss at th8 same rate as tha dpreciab"on on Ihe assets to whKh Ihe gTrnt TElates. The def6yrnd dem1 of gr3n15 is induded ' in credit(X5 as defeffed irDe. Grants of a revenue naturg we recowised in the twofil ar¥1 Ioss actount in the same period as the lated expenditurè. General funds Re¥trict•d fund5 2023 2022 Miscellanes [YonatiS Just Financial Planning Brittsh Gymn 1.41Y) 1.102 1.102 3,566 731 funds 2f43 2022 194.959 16.341 194.959 16,341 4.833 160,897 12,758 4,367 180 5.893 130 7.004 542 123 InsvTance Clothing Tud( shop CompetsiDn and c(wse fees Sumrner sessions Fundraising Award6 Gym hire 6.465 4235 8.090 6.465 4.235 234.923 234.923 191.894
NORTH WALSHAIA GymNTICs CLU8 NOTES TO THE FINANCIAL STATEMENTS for th• year ended 31 Decembtr 2023 Icontinuedl Analysis ot•xp•ndllur• on charitsble acti¥its General Funds Funds 2023 2022 Rent & fatss 'ght & he81 Repwrs & rerwrnÈ5 Salaries Pensi contributi$ Coaches expenses Competitw)n & c[$& fee Clothing et¢. Lieences and insurance TÈIeplne & broadbath1 Postsg8 & staltonery Equipmenl Websito 8ank & card ACCotancY & payrc41 lees Miscellanwws OewerAab"on 33.074 4,491 672 128.884 1,133 213 1,083 6,067 17,870 592 5.517 5,517 1.003 136.925 136.925 221 221 825 4,649 21.897 345 51 4.649 21.897 51 165 270 3.230 2.106 962 4.861 (3801 3.975 2.479 547 4.416 3,975 2.479 547 4,416 219.652 219.652 205.293 S. IndÈpeAd•nt exafflinÈr lees Fee5 payable to ts iThJerndent exafflinw for. 2023 2022 In(lependeni ¢x8m4n•tion finarKial slalements Other fina1* wvire5 1.200 906 1.279 2.479 2.106 10
NORTH WALSHAM GYMNASTICS CLUB PIOTES TO THE FINANCIAL STATEMEMTS for Ihe year ended 31 December 2023 (continued) 6. Trustee's remuneratlon and expens8s The trustees have neither received nor waived any r8munerat*)n or expenses during the current year. Staff ¢o$t8 The average monthly number of employees during the year was 18 employees {2022". 17). The lolal 51aff costs and ernOyee benefits were as follows.. 2023 2022 Wages and salaries Pension Costs 136.925 128,884 1.886 1,133 138.711 130,017 No employee received total employee benefrts of more than £60,000. The Charity considers that the key management personnel comprises the Trustees and the senior management ieam. The iotal empk>yee benefits of the key management personnel ol the Charity were £40.21512022 £36.446}. 8. Fixed Assets Leasehold Improvements Plant and machinery Equipment Total Cost At 1 January 2023 Addilions Al 31 Decemb9r 2023 23.252 9.121 86.829 5,101 91,930 119,202 5,101 124,303 23,252 9.121 Depreclation At 1 J8nuary 2023 Charge lor the yeai Al 31 December 2023 13,950 2,325 16.275 9.121 84.628 2.091 86.719 107,699 4,416 112,11S 9.121 Net Book Value "Al 31 December 2023 Al 31 December 2022 6.977 9.302 5,211 2.201 12,188 11,503 9. Debtors and prepayment5 2023 2022 Trade debtors 643 932 932
NORTH WALSHAM GYMNASTICS CLUB NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 D9¢0mr 2023 Icontinu•d} 10. Croditors: amounts f4lling due within on• year 2023 2022 Trade creditors Taxation an¢J soual secvrity Accruals 521 956 939 11.036 10.306 11,992 11,766 11. Leases Total future minlmum lease payments under non4ancell*ble operatln9 leases are as follows: 2023 2022 Nol18ter than one year L8ler ihan one and not later than live years 32.604 32.604 9S.095 127.699 127.699 160.303 12. Penslons and ¢ther po$t-retiremeni benefl¢$ - Dellned ¢ontrlbutlon plan$ The amounl r8cognised in income or expenditure Ss an expense in relation fo defjned contributions plans was £1.88612022.. £1.1331. 13. Fund recoftclllatlon Balanees 01.01.23 8alances 31.12.23 Income Expenses Transfers Genèral funds 96.072 237.654 219.652 114.074 Restricred funds Totsl lunds 96.072 237.654 219.652 114.074 General funds are available lor use al the discrelion of the trustees in furtherance of the general objectives of the charity and which have not been designated for olher purposes. 12
IIORTH WALSHAM GYMNAsmcs CLUB NOTES TO THE FINAIICIAL STATEMEKrs for the y•ar •ndtd 31 Oecembef 2023 (Ubntlnuedl 14. Analysis of net assets tie1¥R funds G•n•ral Restricted fund5 funds Total Ftxed assets cufnt assets Creditors less than 1 year 12.188 113.878 111.9921 12.188 113.878 111.992} P4et Current 49gels 114.074 114,074 There w918 Th) le paty transac1k dwrvJ the pèrK•l12022: £NI}. 13