SANDBACH GYMNASTICS FOUNDATION
{A company limited by guarante&l
UNAUDITED REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024
Reglstered Charity No. 1171220
Reglstered Company No. 10574182

SANDBACH GYMNASTICS FOUNDATION
IA company limited by guardnteel
CONTENTS
Page
Legal and Adminislralive Information
Trustees, Annual Report
Independent Examiners Report
statement of Financial Aclwities
Balan￿ Sheet
Notes to the Financial Statements
9-15

SANDBACH GYMNASTICS FOUNDATION
(A company limitod by guarant&&)
LEGAL AND ADMINISTATIVE INFORMATION
Trusteos
The truslees who served during the period were..
Mr K M Danskin
Mr W Forresl
Mr M E Wilson
Mrs J P Wright
Reglstered offi¢a and principal address
Millbuck Park
Millbu¢k Way
Sandbach
Cheshire
CW11 3HT
Reglstered Charity number- 1171220
Company registratlon number- 10574182
Independent Examiners
Afford Bond Holdings Limited
Chartered Accountants
31 Wellington Road
Nan￿}ch
Cheshire
CW5 7ED
Bankers
Barclays Bank
125 Main Street
Frodsham
Warringlon
Cheshire
WA6 7AD
Solicitors
Hibberts
Solicitors
144 Nantwich Road
Crewe
Cheshire
CW2 8BG
Page 1

SANDBACH GYMNASTICS FOUNDATION
IA company limited by guarantee)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
The trustees, who are also directors of the ¢harity for the purposes of the Companies Act, submit their annual
report and the financial slalements for the year ended 31 March 2024, wh￿h are also prepared to meet Ihe
requirements for a directors, report and accounts, to c(xnpty with the Charities Act 2011 and Companies Act
2006. The Iruslees have adopted the provisions of the Statement of Recommended Practice ISORP}
'A¢counling and Reporting by Charities IFRS 1021 in preparing the annual report and financial statements of
the Charity.
The charity is a charitable company limited by guarantee and was sel up on 20 January 2017. It is governed by
its rnemorandum and articles of a5SOGialion.
Referenco and administrative details of the charity, its managemont and advlsgrs
The ¢harilable company's name is Sandbach Gymnastics Foundation. The other referen￿ and administrative
details of the charity are as slated under the legal and administrative infoimalion on p8ge 1.
The charbty trustees who served during the period and up to the dale of this report are as follows.'-
Mr K M Danskin
Mr W Forrest
Mr M E Wilson
Mrs J P Wright
Structure and govemance
The company was established under a Memorandum of Association which established the objects and powers
of the chartsble company and is governed under ils Articles of Association. The charity is a charitable company
limited by guarantee and in the event ol the charity being wound up members are iequired to contribute an
amount not exceeding £10.
Risk management
The trustees have conducted a review of the major risks to which the charty is exposed. Vlhere appropriate,
systems or procedures have been estsblished to mitigate the risks tho charity faces. Internal Control risks are
minimised by the implementation of procedures for the aulhorisation of all transactions. Procedures are also in
place to ensure Complian￿ with the health and safety of staff and ils visitors. These procedures are periodical
reviewed to ensure that they continue to meet tho needs of the Charity.
Trustees. respoftslbilities statement
The Iruslees (who are also directors of Sandbach Gymnastics Foundation for the purposes of company lawl are
responsible for preparing the Trustees, Annual Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Genera51y Accepted Accounting
PraCt￿e?.
Page 2

SANDBACH GYMNASTICS FOUNDATION
(A company limited by guarantee)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ICONT'DI
Trustses, responsibllltles statement- continued
Company law requires the trustees to prepare financial slalements for each financial year which give a true and
fair view of the slate Df affairs of the charitable company and of the in¢oming resources and application of
resources, including the income and expenditure. of the charitabl& Company for that period. In preparing these
financial slalements. the Iruslees are required lo..
select suitable accounting policies and then apply them consislentty.,
observe the methods and principles in the Charities SORP 2015 IFRS 102}
make judgements and estimates that are reasonable and prudent",
slate whether applicable UK Accounting Standards have been followed, subj'ect lo any material
departures disclosed and explained in the financial stalemenls,. and
prepare the financial slalemenls on the going concern basis unless it is inappropriate to presume that
the charitable company will continue in operation.
The trustees are ￿spOnSible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the charitable company and enable them lo ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable
company the hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities.
Oblèctlves and activities
Objectives
The objectives ol the Charity. as set out in its governing document are'.-
to foster and promote community participation in healthy recreation by the provision of facilities and
coaching for gymnastics and other sports.,
to provide and assist in providing facilities for sport, recreation or other leisure tirne ￿¢Upation of such
persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty
Of social or economic circumstance or for the public al large in the inleiests of social welfare and with
the object of irllproving their conditions of lrfe., and
b)
to advan￿ the education of children and young people.
Activities undertaken for the publlc benofit in relation to these objectives
The Iruslees have had due regard to the guidance issued by the Charity Commission on public benefit in
deciding what activities the charity should undèrtake to meet the staled objectives. The goveming document
notes the powers the trustèes may exercise in furtheran￿ of the charrtable company's objects.
The Sandbach Gymnastics Foundation host some of the most up to date facilities. The cushioned matting and
special shock absorbent areas allow the cenlre's qualified coaches tr) provide a wide range of coaching and
gymnastics based aclivilies. The ￿ntre lake great pride in providing a safe, fun and educational area for local
people to enjoy in an inclusive environment teaching both boys and girls from all ages.
Page 3

SANDBACH GYMNASTICS FOUNDATION
{A ¢ompany limitod by gL5arantee}
REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2024 (CONT'DI
Achievements and performance
The Sandbach Gymnastics Foundation was formed on 20 January 2017. The foundation completed its property
acquisition in April 2019 and the occupation of a fully constructed and furbished gymnastics Centre took place al
the beginning of 2020. The trustees take this opportunity lo again thank the Denise Coates Foundation lor the
grant funding lo enable this project.
The charity's management have been into the surrounding areas lo visit k)c81 schoo15 and community projects in
order lo promote the foundation. The trustees and management routinely continue lo monf(or and maintain
¢onlrol of ils costs.
The charity has currently reached ils capacity of 700 members training every week. Al classes are full, from pre-
school through to the teams, with significant wailing list for all classes.
As a foundation we Sre pleased lo leach and support a Iherapeulic speci81 school whi¢h provide education for
pupils with social, emotional and mental health difficulties, as well as providing the gymnastics provision for a
home educated group of children supporting their curriculum needs.
This year the foundation has competed al the British, Eng5ish and Welsh championships with ourjuniors. Our
tumblers have represented the region al the National Teams Finals for the North Wesl as well as competing at
the English National Championships. The foundation also held the Special Needs National Rhythmic
Championships, who were a delight lo watch as they performed their routines. The foundation will support them
in their 2024 championships in November.
The centre also played host lo the Great Britain Women's Olympic Team. The team competed al the centre in
front of a live audience of our mernbers and guests in one of their final preparation competitions for the Paris
Games 2024. 11 was great to see the Olympian5 compete and then make time for a sp&¢ial"meel and greet. with
the audienTr after the competition.
This year the charity have two further level 5 coaches and our first apprentice. all of which strengthens the
coaching base al the centre. We anticipate that a second apprenti￿ will start September 2024.
The trustee5 are satiSf￿d wrf(h the charities progress and ils impact on the community to dale.
Flnan¢ial revlew
Pollcy on reserves
The trustees believe that il 15 in the charity's best interests lo relain a reasonable level of reserves in order lo
ensure that the charitable objectives can continue lo be mel effeclivety without any unnecessary disruptions
which may occur due lo unforeseen circumstan￿$.
Some of the funds, as shown in the balance sheet, are represented by fxed assets held for use wllhin the
charity, so these are lo be exduded from the funds balance in order to give a better representation of thè level of
reserves that are fr&ly available for immediate use in achieving the charitable objectives. This basis has been
used lo calculate the freely available reserves figure noted below.
The freely available reserves for the period ended 31 March 2024 is calculated to be £60,296.
Page 4

SANDBACH GYMNASTICS FOUNDATION
{A company limited by guarantee)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ICONT'DI
Policy on reseNes- continued
The trustees aim for the level of freely avaiSable reserves to be at least £1,000. The trustees monitor the level of
reserves al the end of each financial perK)d in order that they ¢an review and update the policy lo ensure that it
Continues lo reflect the perceived levels of expenditure anticipated, given the most recent and expected future
circumstances, and also allows sufficient funds to be instantly available to ￿ able lo meet any unforeseen
expenses. The risks and uncertainties facing the charity are considered by tho Iruslees, as far as practicable, so
that the level of future charitable activities can be adequately planned for.
The trustees and management are confident that they can grow the charity over the next few yeais.
Overall, the Iruslees have established a poli¢y whereby the charity has sufficient liquid reserves lo allow for the
conlinLJed operation of the Sandbach Gymnastics Foundation for al least the next iwelve months.
Further financial revlew
The charity makes cash deposits with ils high street bank which have a low level of risk, the funds are easily
accessible and offers an acceptable rale of interest.
The results of the charity for the year are shown in the slalement of financial activities and the position of the
company at the period end is shown in the balance sheet.
Declaratlon
This report has been prepared in accordance with the provisions applicable to companies entitled lo the small
companies exemption in the Companies Act 2006.
This report was approved by the board of directors and signed on beh81f of the charity's Iruslees by..
teo
Datg
024
Page S

SANDBACH GYMNASTICS FOUNDATION
{A company limited by guarantèe}
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF SANDBACH GYMNASTICS FOUNDATION
I report on the accounts of the Sandbach Gymnastics Foundation {registered charity number 1171220, company
registration number 105741821 for the period 1 April 2023 to 31 March 2024 which are Sel out on pages 7 to 15.
Responsibilities and basis of report
As the ¢harily trustees of the company land also ils dire¢lors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006
I'the 2006 Act'l.
Having satisfied myself that the 8¢counts 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 rny examination of your company's
accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carrying Out my
examination I have followed the Directions given by the Charity Commission under section 14515) Ib) of the 2011
Act.
Independent oxaminer's statèment
Since the Company's gr05s income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualif1ed to undertake the examination because i am a member
of the Inslilule of Chartered A¢counlanls in England and Wales, which is one of the listed bodies.
I have completed my examination. I confimi that no matters have come to my allention in connection with the
examination giving me cause lo believe that in any material respè¢L
accounting records were not kept in respect of the company as required by section 386 of the 20￿ A¢t,' OT
the accounts do not accord with those re¢Drds', or
the accounts do not comply with the accounting requirements of section 3* of the 2006 Act other than any
requirement that the accounts give a 'lrue and fair view, which is not a Matter considered as part of an
independent examination., or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by Gharilies applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK IFRS 1021.
I have no concerns and have come across no other mallers in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts lo be leached.
JIJ LU
Peter O'malley ACA FCCA CTA
For and on behalf of
Afford Bond Holdings Limited
Chartered Accountants
31 Wellinglon Road
Nantwich, Cheshire
CW5 7ED
Dale
Page 6

SANDBACH GYMNASTICS FOUNDATION
(A company Ilmited by guarantee>
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
Funds
Funds
Total
2024
Total
2023
Income from charitablè activities
Gym hire and membèrship
Donations gifls and fundraising
Bank interest received
382.316
3,045
837
382,316
3,045
837
413,863
2,954
101
Total income and endowmènts
386,198
386,198
416,718
Expenditure on Charitablè activities
Support costs
Wages and salaries
Pension costs
274,354
4.408
274,354
4,408
270,214
4.471
278.762
278,762
274,685
Other operating expenses
Cafe costs
Clothing. event costs and trips
Pioperty, equipment servicing and secuflty
Telecommunications
Licenses, insurances and subscriptions
Bank interest and charges
Legal and professional
Accountancy
Cleaning
Postage, stationery and advertising
Sundry
Depreciation
4,469
10,224
26.445
2,217
30,764
893
2,472
3,720
8,143
3,205
3,208
7,499
4,459
10,224
26,445
2,217
30,764
893
2,472
3.720
8,143
3,205
3,208
112,874
4,223
12.683
21,479
1,591
28,952
1,407
2,261
3,720
6,432
3,333
3,314
118,066
105,375
103,259
105.375
208,634
207,461
TOTAL RESOURCES EXPENDED
382,D21
105.375
487,396
482,148
Nat income b&forg tran$fors
Transfer botween funds
4,177
{105,3751 (101,198) {65,4281
Net incomelmovemenls in funds
4,177 1105,3751 1101,198) 165,428)
Reconciliatlon of funds:
Totsl funds brought forward
98.615 2,924,888 3.023,503 3,088,931
Total funds carried forward
102,792 2,819,513 2,922,305 3,023,503
All income and expendrture derives from continuing activities.
The statement of financial activities includes all gains and losse5 recognised in the period.
Page 7

SANDBACH GYMNASTICS FOUNDATION
{A company limited by guarantee)
BALANCE SHEET
AS AT 31 MARCH 2024
Not&s
31.3.2024
31.03.2023
Fixed assets:
Tangible assets
2,862.009
2.964,852
Current a$$ats'.
Debtors
Cash at bank and in hand
70,064
62.431
Total current assets
70,064
62,431
Liablllties..
Credilois." amounts falling due
within one year
(9,768)
13,780}
Net current 8$sets
60,296
58,651
Total net assets
2.922.305
3,023.503
The funds of the charity:
Unrestrleted funds
General funds
11
102,792
98,615
Rastricted funds
11
2.819,513
2,924,888
Total charity funds
2,922,305
3,023,503
For the financial year ended 31 March 2024 the company was entitled lo exemption under section 477 of the
Companies A¢1 2006 relating lo small cornpanies.
No members have required the company to obtain an audit of ils accounts for the year in question in accordance
with section 478 of the Companies Act 2006.
The directors acknowledge their responsibility for Complying with the requirements of the Act with respect lo
accounting records and for the preparation of a￿Ounts.
These financial slalemenls have been prepared in accordance with the provisions applicable to companies
subject to the small companies regime.
The financial slalements were approved and authorised for issue by the board of directors and signed on behalf
of the charity's trustees by..
Mr M E Wilson
Trustee
Mr W Forrest
Trustee
Date
Company regis
ration number 10574182
Page 8

SANDBACH GYMNASTICS FOUNDATION
IA company limited by guarantee)
NOTES TO THE ACCOUNTS
FOR THEYEAR ENDED 31 MARCH 2024
A¢Gounting policies
1.1 Company status
The charity is a company limited by guarantee and has no share capital. The members of the company
are the Iruslees named on page 1. In the event of the charity being wound up, the liability in respect of the
guarantee is limited lo £10 per member of the charity. The registered office is Millbuck Parf(, Millbuck Way,
Sandbach, Cheshire, CW11 3HT.
1.2 Basis of preparation
The financial slalemenls have been prepared on a going con¢ern basis under the historical cost
CDnvenlion, unless othen￿lSe slated. and in accordan￿ with the requirements of the Charities Act 2011
and Companies Act 2006.
The financial slalemenls are prepared in steiling, which is the functional currency of the company.
Monetary amounts in these financial statements are rounded lo the nearest £.
The charity ¢onslilules a public benefit entity as defined by FRS 102. The financial slalements have been
prepared in accordance with the Statement of Recommended Practi￿ ISORPI °AccDunting and Reporting
by Charrfties" IFRS 1021 issued on 16 July 2014, together with Update Bulletin 1 published on 2 February
2016 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland
(FRS 102) leffeclNe January 20151.
The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash
flow statement on the grounds that it is applying FRS 102 Section 1A.
The significant accounting policies applied in the presentation of these financial statements are set out
below. These policies have been Consistently applied to all years presented unless olhetwise slated.
1.3 Fund accounting
General funds are unreslricled funds wh￿h are available for use al the discretion of the trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Designated funds compiise unreslricled funds that have been sel aside for particular purwses. The aim
and uso of each designated fund 15 sel out in the notes to the financial slatemenls.
Restricted funds are funds which are to be used in a￿OrdanCe with specific restrictions imposed by
donors or wh￿h have been raised by the charity for particular purposes. The cost of raising and
administering such funds are charged against the specific fund.
1.4 Income recognition
All incoming resources are included in the Statement of Financial Activities ISOFAI when the charity is
legally entitled lo the income and after any perfDrmance conditions have been met, the amount can be
quantified with reasonable accuracy.
Where incoming resources have related expenditure, as with fundraising events, the incoming resources
and related expenditure are reported gross in the SOFA and are not offset unless otherwise required by
the SORP.
Page 9

SANOBACH GYMNASTICS FOUNDATION
IA company limited by guarantee)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024 {CONfD}
For donations lo be recognised the charity will have been notified of the amounts and the settlement date
in writing. If there are Gondilions allached lo the donations, requiring a level of performance before
obtaining entitlement, the incorne is deferred until those condilK>ns are mel. For legacies, entitlement is
the earlier of the charity being notified of an impending distribution or the legacy being received. Vvhere
legacies have been notified lo the charity but il is not possible lo determine the arnount expected, the
legacy is treated as a contingent asset and disclosed.
Gift5 in kind donated for distribution lo the benefi¢iaries are included at valuation and recognised as
income upon receipt, where pracli¢able. 11 such a valuation cannot be determined wilhoul undue cost and
effort, then it is reGognised within donatlDns on distribution and an equivalent amount shown within
charitable expenditure. Gifts donated for resale are included at fair value, being the expected sale
pioceeds Sess any expected cost of sa￿, in income from other trading activib.es on receipt, unless
determining the fair value is impractical, in which case the income is not recognised until the item is sold.
Donated facilitie5 are recognised in income al fair value when the economic benefit is probable, il can be
measured reliably and the ¢harily has control of the il&m, with a Gorresponding amount recognised in
expenditLJre.
No amounts are included in the financial slalernents for time donated by volunteers in line with the SORP
IFRS 102).
Interest rwivable on funds held on deposit is included when receivable and the amount Can be
measured reliably. nomally upon notification by the bank.
1.5 Expenditure recognition
All expenditure is accounted for on an a¢cruals basis and has been classified under headings that
aggregate all costs related to the ¢alegory. Expenditure is recognised where there is a legal or
constructive obligation lo make payments lo third parties. it is probable that the settlement will be required
and the amount of the obligation can be measured reliably.
The ¢harity is not registered for VAT. Irrecoverable VAT is charged as a cost against the activity for which
the expenditure was incurred.
Expenditure is classified under the appropriate activity headings-. Expenditure on raising ftjnds includes all
expenditure incurred by the charity to raise funds for ils charitable purposes but do not include those costs
incurred in direct support of the charitable activities. It includes the cost5 of all fundraising activities and
events, seeking donations, nDn-charilabSe trading activities and the costs of managing inveslmenls..
Expenditure on charitable activities are those costs incurred by the charity in undertaking activities for the
furtherance of ils aims and objedives for the benefit of ils beneficiaries and include support costs and
costs relating lo the governance and administration of the charity,. Other expenditure is any other
expenditure which is not related to fund raising for charitable purposes or spent towards achieving the
charitable objectives.
Support costs are those functions whish assist the work of the charity but do nol directty represent
¢haritable aclivilies, including personnel, finance, admini51ralion and governance costs. Vvhere support
cost5 are unable to be directly attributed lo particular activity headings, they are allocated between the
cost of raising funds and expenditure on charitable activities on a basis consistent with the use of the
resour￿5. Where applicable. the b2sis of apportionment 15 slated in the analysis of support costs.
Fundraising costs are those expanses incurred in seeking voluntary contributions and do not indude the
costs of disseminating information in support of the charitable activities.
Page 10

SAND8ACH GYMNASTICS FOUNDATION
{A company Ilmit8d by guarantee)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024 (CONT'DI
1.6 Tangible fixed a$$ets and depreciation
Tangible fixed assets are capilalised if they are material in value and can be used for more than one year.
They are stated al cost, unless they are gifted, including any incidental expenses of a¢quisilion and those
costs required to gel the assets operating as intended. Gifted assets are brought in al the value to the
charity on receipt.
Depreciation is provided on all tangible fixed assets, al rates calculated to wiile off the cost, less estimated
residual value. of each asset over its expected useful economic life as follows..
Freehold land and buildings
Fixtures and fittings
2.5Qk per annum slraighl line
150/0 per annum reducing balan
No depreciation is charged on the assets until they come into operational existence. The charity came into
operational existen￿ towards the end of the 31 March 2020 financial year
1.7 Debtors and creditors
Dèbtors and creditors are r6cognised at the settlement amount due after any discounts offerod. Provisions
arise where, al the balance sheet dale, the charity has a present obligation resulting from a past event
which is pmbable lo resu￿ in an outhow of economic benefits and the amount due lo sellle the obligation
can be reliably eslimaled. Losses arising from impairment are re¢ognised in expenditure.
1.8 Pension costs
The ¢harilable company operates a defined contribution scheme for the benefit of certain employees. The
costs of contributions are charged against profits in the pericmj they are payable.
1.9 Financial instruments
Tho charitable company only has basic financial assets and liabilities. Basic financial instruments are
initially recognised at transaction value and subsequently measured al their settlement value.
1.10 Taxation
The charitable company is exempt from corporation tax on its charitable activities.
1.11 Going ¢onc&rn
The financial slalements have been prepared on a going concern basis as the trustees believe that no
material uncertainties exist. The trustees have considered the level of funds held and the expected level of
income and expenditure for iwelve months from aulhorising these financial statements. The budgeted
income and expenditure is sufficient with the level of reserves for the charity lo be able to continue as a
going concern.
Page 11

SANDBACH GYMNASTICS FOUNDATION
IA company limited by guarante&)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024 {CONT'D)
Expendltura on charitable activities
Due lo the size and nature of the charity. expenditure on charitable activities 15 unable lo be analysed
b¢￿een distinct types of aclivily. The activities undertaken by the charity to achieve its objectives are not
sepaiately identifiable as each area is dependent on the rest lo enhance the knowledge provided.
Net incomell&xpenditurel for the year
31.3.2024
31.03.2023
Net incomelexpendrture is stated after charging
Depreciation of tangible fixed assets
112,874
118,066
Accountants remuneration
Accountancy fee
3.720
3,720
Staff numbèrs and costs
The average monthly number of employees during the year was as follows
31.03.2024
number
31.03.2023
number
Trustees
Management
Stsff
12
12
One employee re￿iVed total employee benefits of more than £60,000
Page 12

SANDBACH GYMNASTICS FOUNDATION
{A company limited by guarantee)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024 (CONT'DI
Trustees and key management P9rsonnel remuneration
The trustees neither received nor wawed any emoluments during the period.
Key management personnel Comprise the trustees and Sandbach centre man8gemenl.
The aggregate compensation paid to key management personnel was £150.49912023 £130,750).
TrLEStee5 exportses and related party transactions
There were no trustee expenses or related party transactions during the period.
Pension costs
The charity operates a contributory pension scheme. 11 is a defined wntribution scheme and contribLJtions
are Charged in the statement of financial activities as they accrue.
Tanglble fixed assets
Freehold
land and
buildlng$
Fixturgs
and
fittings
Total
Co$t
Al 1 April 2023
Additions
2,937,123
401,260
10.031
3.338,383
10,031
Al 31 March 2024
2,937,123
411,291
3,348,414
Dèpreciation
At 1 April 2023
Charge for the year
225,216
73.428
148.315
39,446
373,531
112,874
At 31 March 2024
298,644
187,761
486,405
Net book value
At 31 March 2024
2,638,479
223,530
2,862,009
At 31 March 2023
2,711,907
252,945
2,964,852
Page 13

SANDBACH GYMNASTICS FOUNDATION
IA company limited by guarnntse}
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024 ICONT'D)
31.03.2024 31.03.2023
Debtors
Due within one year
Trade debtors and prepayments
10. Creditors . amounts falling due within one year
Accruals and deferred income
9,768
3,780
11. Funds reconciliation
Balance at
01.04.2023
Incoming Resources
Balance at
resourcos
expend$d 31.03.2024
Unrestricted funds
Designated reserves
General reserves
98.615
386,198
1382,021)
102,792
R•stri¢ted funds
2,924,888
1105,3751 2,819.513
Total funds
3,023,503
386, 198
1487,3961 2,922,305
General reserves represent the free funds of the charity that are not designated for particular purposes.
Page 14

SANDBACH GYMNASTICS FOUNDATION
IA company limited by guarantee)
NOTES TO THE ACCOUNTS
FOR THEYEAR ENDED 31 MARCH 2024 {CONT'DI
Analy81s of net assets betwgen funds
Unrestrieted Designatod Restricted
funds
funds
funds
Total
fund$
Tangible 11xed assets
Cash at bank and in hand
Other nel current asselsllliabililiesl
42,496
70,064
19,7681
2.819,513
2,862,009
70,064
19,768)
Total net assets
102,792
2,819.513 2,922.305
Control
The charitable company is controlled by the trustees, who are also the directors of the charity for the
purposes of the Companies Act. Every trustee has a vole, so no individual trustee has overall control.
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