NORTH WALSHAM GYMNASTICS CLUB
(A private company limited by guarant&}
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Charfty Number: 1171166
Company Reglstratlon Number. 09626412

NORTH WALSHAM GYMNASTICS CLUB
CONTENTS OF THE FINANCIAL STATEMENTS
for the yoar ended 31 Doc•mb•r 2024
Page
Legal and administrative infomiatiDn
Report of the Trustees
Report of the Independent Examlners
Statement of Financia Actlvttres
Balance Sheet
Notes ta the Financial Statements
7-13

NORTH WALSHAM GYMNASTICS CLUB
LEGAL AND ADMINISTRATIVE INFORMATION
for the yoar gnd•d 31 DKombgr 2024
Reglstsr•d Charlty Namo."
North Walsham Gymnastics Club
R•gtstered Chaflty number:
1171168
Registsrad Company numbor.
09626412
Reglst•red office:
12 Llme Tree Road
North Walsham
Norfolk
NR28 9DY
Placo of bu8ines5:
4 Comish Way Business Park
North Walsham
Norfolk
NR28 OAW
TrustO05:
Mr Michael Brooks
Mrs Theresa Freemen
Mrs Patrtca Johnson
Ms Donna Yarham
Mr Neal Hayes-Bradley
Mrs Tina Casbum
Key Alanagement Porsonnel:
Mrs Alexis Thurston (He*J Coach)
Solicitors:
Hansells Solicitors
Canada House
Grammar School Road
North Walsham
NR28 9JH
Inde￿ndent Examinors..
Sexty & Co
Chartered Certffied Accounlants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

NORTH WALSHAAI GYMNASTICS CLUB
REPORT OF THE TRUSTEES
for the y•ar ended 31 December 2024
The Trustees present their report the finanaal statements of the charity for the year ended 31 Decemb
2024.
STATUS
North Walsham Gymnastlcs Club is a company Ilmited by guarantee and was incorporated on 5 June 2015.
The company is an incorporated charity regislered with the Charlty Commission (Registration No. 1171166).
It is govemed by Its Memorandum and Articles ol Association.
PRINCIPLE ACTIVITY
The principle activrty of North Walsham Gymnastics Club is to promote particlpalon In the amateur sprKt of
gymnastics induding General, Women's Artistic, Men's Artistic, Disablllty Gymnastics and Pre-school to
provide facilities within North Walsham and 14orth Norfolk for the benefit of members throughout the
communty. To ensure adequate resources. coaching and welfare are available to all members and other
bodies.
CHARITABLE OBJECTS
To promote community partlclpatlon in heafthy recreation for the beneffts of the inhabitants of North Walsham
and the Su￿ound1ng area, by the provision of laclllties forthe sport of amateur gymnastics and other charitable
activitles.
OBJECTIVES AND ACTIVITIES
North Walsham Gymnasdcs Club is a registered charity wh￿h provides a fvn. safe and nurturing environment
to obtain the essential foundation skllls In gymnasfjcs. The essential skills prowded enable young people to
ex￿ed their expectations, develop self-esteem and realise their potential. The club offers a varled gymnasti¢s
and conditioning program from social gymnastlcs through to competbti've gymnastics with price options for all
levels of interest, but wtth greater emphasis on group classes. The Club's coaches have aC￿$S to continual
training wth some of the area's top professional coaches, this provides the students wrth up-to-date moves
and techniques. The Club welcomes a diversty of people and maintalns a non-smoking and alcoholldrug free
environment.
PUBUC BENEFIT STATEMENT
The Trustees have regard to the Charity Commission's public benefft guidance.
ACHIEVEMENTS AND PERFORMANCE
North Walsham Gymnastics Club now has a totsl of 308 retreational members, 102 Competits'vefintemiediate,
19 development, 46 pre-school and 12 Home-ed. This lotals 487 members in all. A sllght decrease of 8
member$ from 2023.
The ckjb compete in regular competrtions throughout the year, from the club competition which is open for all.
to General and Artistic County and Regional Compelitlons. These take plats in Norwich. Ipsviich and
Peterb(Kough throughout the year. NVWGC always perform to the highest standard8 and wn many trtles across
Ihe board.
NWGC had 11 gymnasts selected for Norfolk County Squad and 2 gymnasts represent Norfok in the Inter
counties team finals.
We have 17 regular coaches ranging from level O to Level 4 coaching on a part time basls.
We hekl our first 'Summer camp, week which saw children taking part in activrties out of the gym In the
IcKal community with great fun.
Many thanks must go to all our coaches. sL3ff arKI volunteers for their supporL

NORTH WALSHAM GYMNASTICS CLUB
REPORT OF THE TRUSTEES
for the y•ar ended 31 December 2024 (contlnued)
FINANCIAL REVIEW
The Statement of Financial Actmties show8 a surplus tr the year of £12,623 (2023 surplus: £18.002> and
total ￿ServeS stand at £128,697 (2023: £114,074}.
RESERVES POLICY
It is the policy of the charity to maintain uffestricted funds which are the free reserves of the charity. at a level
vthich equates to approximately six months unrestricted expenditure. This provides sufficient fvnds to cover
management and administration and support costs and to respond to emergencie5.
RISK IAANAGEIAENT
The Trustees review the risks of the charity on a regular basis and have implemented policies and procedures
to mitigate exposure to these risks. In addition, a reviewof all financlal risks is undertaken on a regular basis.
GOVERNANCE AND MANAGEMENT
The day to day affairs of the charity are overseen by the Board of Trustees. The Trustees meet on a regular
basis to review the charity's activities. Where there is a need for new Trustees, these are identtfied and
appointed ty the e￿$tIng Trustees, In accordance with the Articles of Association.
The report of the trustses has been prepared tak￿￿ advantage of the small companies. exemption of seotlon
415A of the Companies Act 2006.
ON BEHALF OF THE TRUSTEES
ohnson - Trustee
Mrs T Freemen - Trustee
211,.[2f

NORTH WALSHAM GYPaNAsncs CLUB
REPORT OF THE INDEPENDENT EXAiaiNERS TO THE TRUSTEES
tor tho yoar ended 31 Docombgr 2024
I report to the charity trustees on my examlnation of the atxounts of the company ft)r the year ended 31
December 2024 which are set out on pages 5 to 13
Rosponsibililies and basls of roport
As the charity trustees of the company (and also its directors for the purposes of compary law) you are
responsible for the preparation of the aCcO￿ts in accordance with the requirements of the Companies Act
21Th ('the 20QE Act'i
HavirKJ satisfied myself that the accounts of the company are not ￿quired to be audited under Part 16 of the
2006 Act and are eligible for independent examinats'on. I rep)rt in respect of my examination ofyour company's
accounts as Garried out under section 145 of the ChaTitie8 Act 2011 I'the 2011 Act.). In carrying out my
examinalion I have followed the DireGtion¥ giv￿ by the Charlty Commission under Section 145{5)(b) of the
2011 Act
Independént oxamlnorfs statsmont
I have completed my examination. I confimi that no matter3 have come to my attention in connection with the
examination giving me cause to believe that in any mateiial respect
accAxnkn'ng records were not kept in respect of the company as required by sectlon 386 of the 2006 Ac¢
or
the accounts do not accord with those records. or
the accounts do not comply with the accounting ￿qUirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fair viev/ which is not a matter considered as part of
an independent examination,. or
the accounts have not been prepared in accordan￿ with the methods and principles of the Statement of
Recommended Practice for acGounting and reporting by charities applicable to charities preparing their
accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102).
I have no concems and have come across no other matters in connection V￿th the examination to
attention should be drawn in this report in order to enable a woper under8tandlng of the accOw￿5 to be
reached.
A Orves FCCA, FCA
Sexty & Co
Chartered Cwtified Accountants and Registered Auditors
124 Thorp8 Road
Norwich
NR1 1RS
/,/

NORTH WALSHAM GYMNASTICS CLUB
STATEMENT OF FINANCIAL ACTMTIES (INCLUDING INCOME AND EXPENDrruRE ACCOUNT)
for the year ended 31 December 2024
Total
funds
2024
Totsl
funds
2023
General Restrictsd
funds
Incom• from:
Donations and grants
Chafitable activities
Totsl income
6,210
254,323
260.533
6,210
254.323
260,533
2.731
234.923
237,654
Expondlture on..
Charitable activiti8S
247,910
247,910
219,652
Total charltable ex￿￿•ture
247.910
247,910
219,652
Not Incomel(Bxpendlturn)
12.623
12,623
18.002
Transfers beiween funds
Net movement In funds
12.623
12.623
18,002
RKonclllallon of funds
Fund balances brought forward
114.074
114,074
96,072
Fund balan￿$ carried foThvard
126,697
126.697
114.074
The notes set out on pages 7 to 13 form an Integral part of these financial statements

NORTH WALSHAM GYMNASTICS CLUB (COMPANY REGISTRATION NO. 09626412)
BALANCE SHEET
31 D￿ember 2024
2024
2023
Fixed assets
16.194
12.188
CunBnt assets
Stock
Debtors and prepayments
Cash at bank and in hand
1,830
853
123,313
125,996
3.300
109,935
113,878
Croditors duo withln one year
10
11.992
Net Current assets
110.503
101.886
Not assets
126,697
114,LV4
Restricted fvnds
Unrestrfcte(I funds
126.697
114.074
Total Funds
126,697
114.074
The company was entitled to exemption from audit under S477 of the Companies Act 2006 relating to
small companies.
Dire¢tor3' responsibilrties..
The members have not required the company to obtain an audit in accordance w(<h section 476
of the Companre8 Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the
Companies Act with respect to a¢￿Unti￿ records and the preparation of ffflancial statements.
These financial stateff*nts have been prepared in accordance with the provisiijns applicable to small
companies subject to the small companies regime and in accordance wtth FRS102 SORP.
The financial statements were approved by the Trustees on ...
behalf by:
d were signed on Its
MrsP
ohnson- Trustee
Mrs T Freemen ~ Trustee

NORTH WAL8HAM GYMNASTICS CLUB
NOTE8 TO THE FINANCIAL STATEAIENTS
for the year ended 31 D•cembor 2024
1. Accounllng pollcles
Goneral fnformatton and basls of preparatlon
North Walsham Gym Club is a charilable company in ErKJland I Wales. The tharity constitutes a
publc benefft entity as defined by FRS 102. The financpl ststements have been prepared under
the historical cost convention with items recognised at cost or transactton value unless otherwise
stated in the relevant notes. The financial statements have been prepared in accordance with the
Statement of Recommended Praclice. Accounting and Rewrting by Charities preparing their
accounts in accordan￿ with the Fina￿la1 Reporting Standard applicab￿ in the UK and Republic
of Ireland (FRS 102) issued in October 2019. and with the Financial Rep(xting Standard
applicable in the United Kingdom and Republic of IrelarKI (FRS 102) and with the Charities Act
2011.
b)
Funds
General funds are available for use at the discrtion of the trustees in furtheran￿ of the general
objectives of the charity and which have not been designated for other purposes.
Restricted fvrxls are funds which are to be used ￿ accordance with specrfic restrictlons imposed
by dor￿r$ or which have been raised by the charity for particular purposes.
Incomo r•cognltlon
All incoming resources are induded in the St*ment of Financial Activities {SoFA) *then the
Gharity is legalty entided to the income after any perfomiance condltlons have been met, the
anwunt Can be measured rellabty and it is probable that the income will be received.
For donations to be recogni$ed the charity will have been notified of the amounts and the
settlement date in witing. If Ihere are conditions attached to the donation and this requires a level
of perfornwnce before entitlement can be omained then income Is deferred until those conditions
are fi￿ly met or the fulfilmenl of those condltlons is within the control of the charrty and it is
probable that they will be fulfilled.
InG¢)me from grants is recognised vthen the charity has enttlement after any performance
Cor￿lI10n$ have been met. it is probable that the inconie will be received and Ihe amount can be
measured reliabty. If entitlement is not then these amounts are deferred.
d}
EX￿n￿thrn rncognition
All expenditure is accounted for on an accruals basis and has been classif*d under headiNJs
that aggregate all Costs related to the category. Expenditure is r￿OgnIsed where Ihere is a legal
or construdive obligation to make payments to third parties. it is probable Ihat the settlement Wbll
be wul￿d and the amount of the obligation can be measured reliably.
Ir￿coVerable VAT is charged as an expense against the activity for which expendiknre arose.

NORTH WALSHAM GYAINASTIC8 CLUB
NOTES TO THE FINANCIAL STATEMENTS
for the year end•d 31 December 20241continu•d)
Accountlng pollcies- continued
Flxed assets
Tangble fved assets are *ted at tJ)st or valuation less accumulated deprecialion and
accumulated impaimient losses. Cost indude5 costs direclly attfibutable to making the asset
capable of operating as intended.
Depreciation is provided on all tsngible fixed assets. at rates calculated to wrrte off the cos( less
estimated residual value. of each asset on a systematic basis over its expected useful life as
folbws:
Leasehokl improvements
Plant and machinery
Equipment
10% straight line
25% sts3ight line
25% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling pTice less costs to complete and
sell. Cost includes all costs of purchase. costs of Conversion and other costs incutred in brirwJing
the stock to its presenl locats'on and Gondltion.
g)
Rental payable urKler operating leases are ch*ged to the SOFA on a straight li)e basis over the
period of the lease.
h) Tax
The chwity is an exempt charity wtthin the meaning of schedule 3 of the Charities Act 2011 and
is considered to passthe tesls set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefora
it meets the definition of a charitable company for UK corporation tax purposes.
Going concem
The finanaal statements have been prepared on a going con￿rn basis as the trustees believe
that no material uncertainties exist. The trustees have considered Ihe level of funds held and the
expecled level of income and expendiiure for 12 month5 from authorising these financial
ststements. The budgeted in¢x)me and expenditu￿ is suffiuent with the level of reserves for the
charity to be able to continue as a going concem.
J)
Limlt•d by guarantee
North Walsham Gymnastics Club Limited is a company limlted by guarantee and accordingty
does not have any share Ca￿tal.
Every member of the company undertakes to contrlbute such amount as may be required not
ex￿eding £1 to the assets of the charltable company In the event of its being wound up while he
or she is a member, or wlthin one year after he or she ceases to be a member

NORTH WALSHAM GYMNASTICS CLUB
NOTES TO THE FINANCIAL STATEMENTS
for the year WKlgd 310gcember 2024 (contlnuod)
Acc(￿ntIng policles- contlnu•d
k)
Govornment grants
Grants are accounted under the accruals model as pemitted by FRS 102. Grants relating to
expenditure on tsngible fixed assets are credited to profit or loss at the same rate as the
depreciatton on the assets to which the grant relate5. The deferred element of grants is induded
in (Teditors as defe￿ed income.
Grarrts of a revenue nature are re¢ognised in Ihe profit and loss account in the same period as
the related expenditure.
2. Income from donatlons and grants
Genoral
funds
Rostrlctsd
funds
2024
2023
Miscellaneous Donatlons
Just Financial Planning
British Gymnastics
Norfolk Gymnastlcs Association
10
5.CQO
10
5,000
1.629
1,102
1,200
1.200
6.210
6.210
2,731
3. Income from charltable activiti•s
General
fund5
Restri¢tsd
funds
2024
2023
Fees
Insurance
Clothing etc.
Tuck shop
Competition and course fees
Summer sessions
Fundraislng
Gym hire
225.789
225,789
194.959
16,341
4,833
4.903
4,903
9.026
3.670
10,690
245
9,026
3,670
10,890
245
6,465
4,235
8.090
254,323
254,323
234,923

NORTH WALSHAIA GYlaNASTIC8 CLUB
NOTES TO THE FINANCIAL STATEMENTS
for the ygar ended 31 December 2024 {contlnuad>
Anatysis of exponditure on charttable activities
General
Funds
Restricted
Fund8
2024
2023
Rent & rates
Light & heat
Repairs & renewals
Salaries
Pension contributions
Coaches. expenses
Compelition & course fees
Clothing etc.
Licences and insura
Telephone & broadband
Postage & Stationery
Equipment
Website
Bank & card tharges
Accountancy & payroll fees
Legal Fees
Miscellaneous
Depreciation
34,434
5.345
1.516
164,304
1,820
358
6,146
4.395
11.039
352
34.434
5.345
1.516
161.587
4,537
358
6.146
4,395
11,039
352
34.348
5.517
1.003
136,925
1,886
221
825
4.649
21.897
345
51
90
480
3.975
2.479
1,436
12
4,388
2,433
214
2.496
7,222
1,436
12
4.388
2.433
214
2,496
7,222
547
4.416
247.910
247.910
219.652
S. Independent examiner feos
Fees payable to the independent examiner for:
2024
2023
Independent examination of the financial statements
Other financial servrxJ
1.200
1.296
1,200
1,279
2.496
2,479
10

NORTH WALSHAM GYMNASTICS CLUB
NOTES TO THE FINANCIAL STATEMENTS
for the y•ar •ndod 31 Decfjmbor 2024 Icontinuod)
6. Trustse's remuneratlon and exponses
The bustees have neither received nor waived any remuneration or expenses durlng the cwrent
year.
Stsff C￿ts
The average monthly number of employees during the year was 16 employees {2023". 18).
The total staff costs and employee beneffts wete as follows:
2024
2023
Wage8 and 9al8ries
Penslon costs
164,304 136.925
1,820
166,124 138.81t
No employee received total employee benefits of more than £60,000.
The Charlty considers that the key management personnel comprises the Trustees and the
senior management team. The total employee benefits of the key management personnel of the
Chanty were £43,163 (2023 £40.215).
8. Flxed Assets
Leasehold
Improvements
Plant and
machlnery
Equipment
Total
At 1 January 2024
Addl￿OnS
At 31 December 2024
23,252
9.121
91.930
11,228
103.158
124,303
11.228
135 531
23,252
9.121
Deprnciatlon
At 1 January 2024
Charge for the year
At 31 December 2024
16.275
2.328
18.603
9,121
86,716
4,897
91,613
112.112
7,225
119.337
9,121
Net Book Value
At 31 December 2024
At 31 December 2023
4.649
8,977
11,545
5,211
16,194
12,188
9. Debtors and prepayments
2024
2023
Trade debtors
853
853
643
643

140RTH WALSHAM GYAINASTICS CLUB
NOTES TO THE FINANCIAL STATEMENTS
fortho year ended 31 De¢omber 2024 (contlnued)
10. Credftor8: amounts falllng du• vAthin ono yoar
2024
2023
Trade creditors
TaxatKin and social security
Accrual8
627
1,673
956
13,193 11,036
15,493
11. Leases
Total fu￿re minlmum lease payments under nonwcancellable operating I￿$05 arn as
2024
2023
Not later than one year
Later than one and not later than five years
32,604 32,604
62,491 95.095
95,095 127.699
12. Pensions and other post-retlrement beneflts - Dofin•d contrlbutlon plans
The amount ￿COgnised in income or expendlture as an expense in relation to defined contributions
plans was £1,820 (2023: £1.886).
13. Fund reconcillatlon
Balances
01.01.24
Balan￿3
31.12.24
Incom•
Expenses
Transf•r¥
General fvnds
114,074
260,533
247.910
126,697
Restricted funds
T¢)tal funds
114.074
260.533
247,910
126,697
General funds are available for use at the discretion of the trustees in furtherance of the general
objectives of the charity and ￿lch have not been designated for other purposes.
12

NORTH WALSHAM GYMNASTICS CLUB
NOTES TO THE FINANCIAL STATEMENTS
for th• year ended 31 December 2024 (continued)
14. Anaty$l$ of net asg0ts b￿n fvnds
Genoral
funds
R•strict8d
funds
Total
Fixed assets
Current assets
Creditors less than 1 year
16.194
125.998
{15,493)
16.194
125.996
(15,493)
Net curr•nt assets
126,897
126,897
q5. Rolat•d ￿rtY transactlons
There were no related paty transaction3 during the period (2023.. Nil).
13